- (2:35) - Disney Raises The Bid For 21st Century Fox
- (7:00) - General Electric Leaves the Dow
- (9:30) - Bad News For Starbucks
- (12:20) - Canada Legalizes Weed
- (17:25) - Instagram Launches IGTV
- (20:15) - Supreme Court Ruling On Internet Sales Tax
- (23:30) - Micron Earnings Report Overview
On today’s episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories, including General Electric’s (GE - Free Report) departure from the Dow, Canada’s marijuana legalization vote, the new tax policies affecting Amazon (AMZN - Free Report) , and many more!
Make sure to subscribe and leave the show a rating on Apple Podcasts!
It was a packed week of headlines in the financial world, so Maddy and Ryan decided to do a speed run through the trendiest stories. First, the hosts touched on the latest between Disney (DIS - Free Report) , Fox (FOXA - Free Report) , and Comcast (CMCSA - Free Report) after the House of the Mouse decided to up its bid for Fox’s TV and movie assets.
Next, the pair chatted about General Electric, which became the last original member of the Dow Jones Industrial Average to leave the index after being booted this week. The struggling multinational conglomerate will be replaced by Walgreens (WBA - Free Report) .
Maddy and Ryan also discussed the sluggish guidance and store closure plan that sent shares of Starbucks (SBUX - Free Report) tumbling this week. The coffee giant, a favorite brand among the Finish Line team, finds itself at somewhat of an impasse, so the hosts chatted about where the company should head next.
Later, Maddy and Ryan discussed weed stocks like Cronos Group (CRON - Free Report) in the wake of Canada’s recreational marijuana legalization bill finally being approved. The pair also chatted about Facebook’s (FB - Free Report) Instagram launching a YouTube competitor and what it could mean for the booming social video space.
The Finish Line team was also sure to review a major Supreme Court decision which came down this week. The ruling essentially allows state governments to collect sales taxes from online merchants, even if they do not have a physical presence in that state. Maddy and Ryan discussed how this could impact Amazon, Wayfair (W - Free Report) , eBay (EBAY - Free Report) , and other e-commerce stocks.
Finally, the Finish Line hosts round out the show by recapping Micron’s (MU - Free Report) highly-anticipated earnings report, which saw the memory solutions giant top earnings and revenue estimates once again. Make sure to check out the show to hear more!
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at email@example.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating on Apple Podcasts.
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