On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps earnings reports from Roku and Yelp, which saw their share prices soar after posting better-than-expected results. He also previews Dropbox’s upcoming report. Later, he checks in with the technical charts of the market’s major indexes.
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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.
Two of Thursday’s highest-flying stocks are Roku (
ROKU - Free Report) and Yelp ( YELP - Free Report) . Both of these stocks benefitted from impressive earnings results.
Roku reported better-than-expected revenue thanks to the company’s focus on its ad-supported platform. Meanwhile, total streaming hours and user accounts soared as the streaming hardware firm fended off competition from the likes of Apple (
AAPL - Free Report) and Google ( GOOGL - Free Report) .
Likewise, Yelp (
YELP - Free Report) saw strong top-line results on the back of strength in its ad business. The online reviews powerhouse also notched important user growth for its mobile app and finished the quarter with strong-than-anticipated adjusted earnings.
Investors will be hoping for similar results from recent IPO firm Dropbox (
Ryan touches on all of these stories on the first half of today’s show!
Later, he digs into the charts for the S&P 500 and the Dow. Both indexes have been trading comfortably above their 50-day and 200-day moving averages for some time now, but the Dow has much of a fight ahead of it if it wants to return to its all-time highs.
Ryan investigates these trends and speculates as to what is causing them. He also answers questions from the audience related to earnings expectations. Make sure to check out the show to hear more!
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