We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the morning’s top earnings announcements, including that of Dick’s Sporting Goods and Tilray. He also touches on why morning movers Amazon and PayPal moved higher in early trading. Later, he chats with Dave Bartosiak about Salesforce, Ulta, and more trendy stocks!
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 Dick’s Sporting Goods (DKS - Free Report) fell sharply at the open today after the company reported its latest quarterly earnings. Quarterly profits were comfortably ahead of estimates, but sales missed projections and comps were well below expectations. Dick’s blamed this underperformance on specific merchandising decisions, including the decision of Under Armour to expand its distribution into low-cost retailers.
Another earnings report making waves this morning was that of Canadian cannabis producer Tilray (TLRY - Free Report) . This trendy stock was moving higher after the company reported 95% sales growth and higher per-gram selling prices. Tilray has been one of several pure-play weed stocks capturing Wall Street’s attention in recent weeks.
Elsewhere, shares of Amazon (AMZN - Free Report) and PayPal (PYPL - Free Report) were moving higher in morning trading thanks to a pair of positive analyst notes. Morgan Stanley is apparently confident that Amazon can continue expanding its high-margin businesses like advertising and AWS, while Jefferies said it believes PayPal has the right business model to fend off would-be competitors.
Ryan discusses these news stories, providing investors with the key facts they need to know and giving his unique perspective on the headlines—all on the first half of today’s show.
On the second half of today’s show, Ryan is joined by Zacks Strategist Dave Bartosiak to preview this week’s remaining earnings reports.
The pair first discuss Salesforce (CRM - Free Report) , which is due after the bell today. Salesforce is an investor favorite in the world of cloud computing and customer relations, but why does the company have such a large fan base on Wall Street? Check out the show to hear Dave’s answer!
Next, Ryan and Dave chat about beauty retailer Ulta (ULTA - Free Report) . Once the hottest growth stock in retail, Ulta has struggled to meet sky-high expectations over the past year or so. Can the company reach the next level this week? Ryan and Dave discuss!
Finally, Ryan asks Dave a few audience questions, including one which sees the momentum guru speculate as to whether AMD (AMD - Free Report) can continue its monumental run. Make sure to watch the episode to hear more!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Salesforce & Ulta Earnings Preview, and Why AMZN & PYPL Gained Today | Free Lunch
On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps the morning’s top earnings announcements, including that of Dick’s Sporting Goods and Tilray. He also touches on why morning movers Amazon and PayPal moved higher in early trading. Later, he chats with Dave Bartosiak about Salesforce, Ulta, and more trendy stocks!
Want more video content from Zacks? Subscribe to Zacks Investment News now!
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 Dick’s Sporting Goods (DKS - Free Report) fell sharply at the open today after the company reported its latest quarterly earnings. Quarterly profits were comfortably ahead of estimates, but sales missed projections and comps were well below expectations. Dick’s blamed this underperformance on specific merchandising decisions, including the decision of Under Armour to expand its distribution into low-cost retailers.
Another earnings report making waves this morning was that of Canadian cannabis producer Tilray (TLRY - Free Report) . This trendy stock was moving higher after the company reported 95% sales growth and higher per-gram selling prices. Tilray has been one of several pure-play weed stocks capturing Wall Street’s attention in recent weeks.
Elsewhere, shares of Amazon (AMZN - Free Report) and PayPal (PYPL - Free Report) were moving higher in morning trading thanks to a pair of positive analyst notes. Morgan Stanley is apparently confident that Amazon can continue expanding its high-margin businesses like advertising and AWS, while Jefferies said it believes PayPal has the right business model to fend off would-be competitors.
Ryan discusses these news stories, providing investors with the key facts they need to know and giving his unique perspective on the headlines—all on the first half of today’s show.
On the second half of today’s show, Ryan is joined by Zacks Strategist Dave Bartosiak to preview this week’s remaining earnings reports.
The pair first discuss Salesforce (CRM - Free Report) , which is due after the bell today. Salesforce is an investor favorite in the world of cloud computing and customer relations, but why does the company have such a large fan base on Wall Street? Check out the show to hear Dave’s answer!
Next, Ryan and Dave chat about beauty retailer Ulta (ULTA - Free Report) . Once the hottest growth stock in retail, Ulta has struggled to meet sky-high expectations over the past year or so. Can the company reach the next level this week? Ryan and Dave discuss!
Finally, Ryan asks Dave a few audience questions, including one which sees the momentum guru speculate as to whether AMD (AMD - Free Report) can continue its monumental run. Make sure to watch the episode to hear more!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>