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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney highlights several of the market’s top morning stories, including key headlines from MoviePass, casino giant MGM Resorts, and Tesla. Later, he recaps Caterpillar’s better-than-expected earnings results and fields questions from the audience related to recent volatility in stocks and more.
Free Lunch is the newest show from Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Shares of MoviePass parent company Helios and Matheson Analytics (HMNY - Free Report) saw sharp losses this morning, shortly after its service experienced a “service interruption.”
As it turns out, that service outage occurred because the company ran out of cash and could not afford to make required payments to theaters. MoviePass functionality has returned to normal after it borrowed another $5 million, but the issue underscored the challenging economics of keeping the business operational.
Also today, Tesla (TSLA - Free Report) shares faced pressure after UBS reaffirmed its bearish stance on the stock and said the electric car company would miss Q2 earnings estimates. This negative note followed comments made by Steve Eisman about his fund’s short position on Tesla.
Ryan explores these two stories and shares his perspective on MoviePass and Tesla going forward.
On a lighter note, Ryan examined news from MGM Resorts (MGM - Free Report) related to the casino giant’s plans to cash in on legalized sports gambling. MGM said today that it will work with GVC Holdings to develop technology to remotely engage 90 million players in 15 states.
Finally, the host also recapped the latest earnings report from Caterpillar (CAT - Free Report) . The construction equipment giant extended its strong earnings momentum with another beat-and-raise quarter—although it did warn about rising costs due to tariffs.
Ryan explores the earnings figures, Caterpillar’s guidance, and the effects of tariffs on today’s show. Make sure to check out the episode to hear more!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
CAT Earnings, Bearish TSLA Analysts, MoviePass, & Sports Gambling | Free Lunch
On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney highlights several of the market’s top morning stories, including key headlines from MoviePass, casino giant MGM Resorts, and Tesla. Later, he recaps Caterpillar’s better-than-expected earnings results and fields questions from the audience related to recent volatility in stocks and more.
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Free Lunch is the newest show from Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Shares of MoviePass parent company Helios and Matheson Analytics (HMNY - Free Report) saw sharp losses this morning, shortly after its service experienced a “service interruption.”
As it turns out, that service outage occurred because the company ran out of cash and could not afford to make required payments to theaters. MoviePass functionality has returned to normal after it borrowed another $5 million, but the issue underscored the challenging economics of keeping the business operational.
Also today, Tesla (TSLA - Free Report) shares faced pressure after UBS reaffirmed its bearish stance on the stock and said the electric car company would miss Q2 earnings estimates. This negative note followed comments made by Steve Eisman about his fund’s short position on Tesla.
Ryan explores these two stories and shares his perspective on MoviePass and Tesla going forward.
On a lighter note, Ryan examined news from MGM Resorts (MGM - Free Report) related to the casino giant’s plans to cash in on legalized sports gambling. MGM said today that it will work with GVC Holdings to develop technology to remotely engage 90 million players in 15 states.
Finally, the host also recapped the latest earnings report from Caterpillar (CAT - Free Report) . The construction equipment giant extended its strong earnings momentum with another beat-and-raise quarter—although it did warn about rising costs due to tariffs.
Ryan explores the earnings figures, Caterpillar’s guidance, and the effects of tariffs on today’s show. Make sure to check out the episode to hear more!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>