- (0:30) - Mexico & US Trade Deal and Tesla Stays Public
- (4:15) - Amazon Raised Price Target: Break Through $2000
- (7:45) - Lululemon Earnings Report
- (12:00) - Ulta Earnings Report
- (14:50) - Episode Roundup: Podcast@Zacks.com
On today’s episode of the Zacks Friday Finish Line, Editor Maddy Johnson is joined by Ben Rains, an Associate Stock Strategist here at Zacks, to take on this week’s biggest stories, including Tesla (TSLA - Free Report) staying a publicly traded company, Amazon (AMZN - Free Report) hitting $2,000 per share, and earnings from two retail giants: Lululemon (LULU - Free Report) and Ulta (ULTA - Free Report) .
Maddy and Ben began by taking a look at electric car company Tesla’s ongoing saga of will they go private/will they stay public drama. In the end, with the help of its board of directors and a team of outside investors that included Goldman Sachs (GS - Free Report) and Morgan Stanley (MS - Free Report) , CEO Elon Musk ended up posting an official statement that Tesla will remain a public company, wrapping up a wild August for TSLA stock and its investors.
Next, the hosts talked about e-commerce giant Amazon, and the major milestone its stock hit this week: shares crossed $2,000 for the first time ever on Thursday. An analyst over at Morgan Stanley also boosted his price target, citing the company’s “improving business mix.” AMZN’s move also puts it oh-so-close of joining iPhone maker Apple (AAPL - Free Report) as the only U.S. companies with market cap values of $1 trillion.
Finally, Maddy and Ben wrapped up by discussing the latest quarterly results from popular athleisure company Lululemon and beauty behemoth Ulta. Both companies beat the Zacks Consensus Estimate on the bottom line; Lulu also beat on the top, but Ulta came in line with our revenue consensus. LULU stock surged in Friday morning trading, up over 15%, while shares of ULTA are up about 5.6%. Make sure to check out the show to hear more!
As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at email@example.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating on Apple Podcasts.
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