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Roku, Fed Rate Hike Outlook, CRM & DKS Earnings | Free Lunch

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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney discusses the latest earnings reports from Salesforce (CRM - Free Report) & Dick’s Sporting Goods (DKS - Free Report) , as well as the new GDP and payroll figures. On the second half of the show, Ryan is joined by Brian Bolan to chat about recent IPO stock Roku (ROKU - Free Report) .

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As stocks looked to rebound from Tuesday’s volatility, fresh earnings reports from Salesforce and Dick’s had investors excited, with solid results and positive guidance implying that business conditions for these two popular companies are fine. Ryan digs into the key numbers from both reports early in today’s show.

Next, Ryan discusses the two main macroeconomic headlines today—the second read on Q1 GDP and the ADP private-sector payroll survey—which both came in lighter than expected this morning.

These results likely won’t change the Fed’s plans to raise interest rates next month, and with the U.S. still leading the way in terms of global economic strength, the odds of a third and fourth rate hike this year will likely have more to do with the situation in the Eurozone.

After returning from the break, Ryan is joined by Zacks aggressive growth guru Brian Bolan to chat about Roku, a recent IPO stock with a solid position in the crowded video streaming industry. Roku has found itself on Bolan’s radar, meaning there must be something interesting about the company’s growth story that investors should know right now.

Make sure to check out the show to find out exactly what that is!

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