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Free Lunch: Walmart's Digital Growth, Cryptocurrency & Blockchain Stocks
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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the latest quarterly earnings report from Walmart (WMT - Free Report) and focuses on the retail behemoth’s latest digital growth. Later in the show, Ryan talks to Zacks Strategist Dave Bartosiak about investing in cryptocurrency proxy stocks and blockchain innovators.
Free Lunch is a brand new show from Zacks Investment Research. It will be streamed live, four times per week, and will feature breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
First up, Ryan highlights Walmart’s just-released earnings report. The retailer posted adjusted profits of $1.14 per share, beating the Zacks Consensus Estimate of $1.12 and surging 14% year over year. However, when accounting for one-time costs—including the company’s 77% purchase of Indian e-commerce giant Flipkart—Walmart’s earnings fell 28%.
Still, revenue was nearly 4.5% higher, and U.S. comps improved more than 2%. Walmart also notched domestic digital sales growth of 33%. Make sure to check out the show to see everything else you need to know from this marquee report!
On the second half of the show, Ryan is joined by Dave Bartosiak, who runs the Zacks Blockchain Innovators service, to discuss adding exposure to cryptocurrencies and blockchain technology to the average portfolio (also read: 5 Surprising Ways to Profit from Cryptocurrencies).
Looking beyond crypto proxy stocks like Riot Blockchain (RIOT - Free Report) and Longfin (LFIN - Free Report) , Ryan and Dave talk about buying the “picks and axes” like AMD (AMD - Free Report) , as well as cloud computing giants like Microsoft (MSFT - Free Report) and Amazon (AMZN - Free Report) .
Tune in to hear more from Ryan and Dave!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think.
Image: Bigstock
Free Lunch: Walmart's Digital Growth, Cryptocurrency & Blockchain Stocks
On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the latest quarterly earnings report from Walmart (WMT - Free Report) and focuses on the retail behemoth’s latest digital growth. Later in the show, Ryan talks to Zacks Strategist Dave Bartosiak about investing in cryptocurrency proxy stocks and blockchain innovators.
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Free Lunch is a brand new show from Zacks Investment Research. It will be streamed live, four times per week, and will feature breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
First up, Ryan highlights Walmart’s just-released earnings report. The retailer posted adjusted profits of $1.14 per share, beating the Zacks Consensus Estimate of $1.12 and surging 14% year over year. However, when accounting for one-time costs—including the company’s 77% purchase of Indian e-commerce giant Flipkart—Walmart’s earnings fell 28%.
Still, revenue was nearly 4.5% higher, and U.S. comps improved more than 2%. Walmart also notched domestic digital sales growth of 33%. Make sure to check out the show to see everything else you need to know from this marquee report!
On the second half of the show, Ryan is joined by Dave Bartosiak, who runs the Zacks Blockchain Innovators service, to discuss adding exposure to cryptocurrencies and blockchain technology to the average portfolio (also read: 5 Surprising Ways to Profit from Cryptocurrencies).
Looking beyond crypto proxy stocks like Riot Blockchain (RIOT - Free Report) and Longfin (LFIN - Free Report) , Ryan and Dave talk about buying the “picks and axes” like AMD (AMD - Free Report) , as well as cloud computing giants like Microsoft (MSFT - Free Report) and Amazon (AMZN - Free Report) .
Tune in to hear more from Ryan and Dave!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think.
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