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Apple Earnings Preview, Chipotle Woes, News from NAKD, CVS, SHOP | Free Lunch

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On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney discusses Chipotle’s latest foodborne illness trouble, the new partnership between Naked Brands and CVS, and Shopify’s earnings report. Later, he is joined by Zacks Strategist Brian Bolan to preview the upcoming earnings announcement of tech behemoth Apple.

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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.

Shopify (SHOP - Free Report) shares tumbled in morning trading Tuesday, despite the e-commerce platform posting a beat-and-raise quarter. The firm saw a surprise non-GAAP profit in its latest quarter, and Q3 revenue guidance was ahead of expectations. However, as Ryan explains, investors were looking for a much stronger guidance raise considering the stock’s high multiple.

Also in the news was a new partnership between CVS (CVS - Free Report) and trendy underwear company Naked Brands . A Naked subsidiary will soon bring a brand of Heidi Klum accessories to 4,000 U.S.-based CVS locations, giving the stock some life after a sluggish year. Ryan highlights this story and checks in with the rebounding stock.

The host also covers Chipotle’s latest foodborne illness woes. Shares of the fast-casual Mexican chain dropped sharply in early trading hours after investors learned that it had closed an Ohio restaurant on Monday following reports that customers and employees had fallen sick after eating there. Considering the damage similar stories have done to Chipotle in the past, investors displayed extreme caution in the wake of this news.

Ryan recaps all of these stories, giving investors exactly what they need to know—and providing his own opinions and perspectives—on the first half of today’s show.

Later, he is joined by Brian Bolan to discuss Apple (AAPL - Free Report) ahead of its earnings announcement this afternoon.

Ryan and Brian dive into the latest earnings estimates and estimate revisions, catching viewers up on the basics before Apple reports. But the pair also debate the merits of Apple’s growing Services unit and discuss whether the tech behemoth will ever put its massive cash pile to use.

By the end of the show, Brian even attempts to convince investors that today’s report might actually apply to Tesla (TSLA - Free Report) speculators as well. Make sure to check out the episode to hear that take, and more!

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