On today’s episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson discuss this week’s political drama and highlight JPMorgan’s new competitor to free trading app Robinhood. Later, the hosts recap earnings results from Urban Outfitters, Target, and Alibaba.
Make sure to subscribe and leave the show a rating on Apple Podcasts!
It was an interesting week in Washington D.C. as the White House scrambled to respond to escalating legal situations involving Trump associates Paul Manafort and Michael Cohen, but investors shrugged those stories aside.
One of the week’s top market headlines was the news that JPMorgan (JPM - Free Report) is launching a new mobile trading application, You Invest, which will feature free and discounted stock and ETF trades. The app is a likely a response to popular free trading platform Robinhood, and it sent a clear message to digital brokerages like TD Ameritrade (AMTD - Free Report) and E-Trade (ETFC - Free Report) .
This week also saw a continuation of retail earnings season, with Finish Line favorites Urban Outfitters (URBN - Free Report) and Target (TGT - Free Report) reporting within the past few days.
Urban Outfitters managed to surpass earnings estimates on the back of impressive comps growth, with the specialty retailer tallying robust performance across all its brands—but especially Free People.
Meanwhile, Target saw better-than-expected earnings results, impressive revenue, and same-store sales growth of 6.5% as recent store rejuvenation plan and supply chain adjustments started to pay off for the big-box retailer.
Chinese tech behemoth Alibaba (BABA - Free Report) also joined the fun this week, notching revenue growth which exceeded 60%. The e-commerce company is now a formidable cloud computing company, and its “new retail” plan keeps progressing.
Maddy and Ryan discuss all of these stories, filling investors in on the key facts they need to know and providing their own perspectives on the headlines.
Is Alibaba really the Amazon of China? What makes Urban Outfitters unique? How much fun is it to shop at a Target these days?
Hear the Finish Line team’s answers to each of these questions, and more, only on today’s show!
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