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Google Earnings Preview & Today's Trending Tickers: PZZA, TSLA, CLX
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On today’s episode of Free Lunch, Ryan McQueeney discusses news involving Papa John’s, Tesla, Clorox, and Sysco. Later, he previews Alphabet’s upcoming earnings announcement and explains what investors should watch for in the internet giant’s report.
Free Lunch is presented by 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, Twitter, and other major streaming platforms.
As Americans sluggishly returned to work after Super Bowl Sunday, investors were provided with plenty of news to digest.
Notably, Papa John’s (PZZA - Free Report) announced that activist firm Starboard Value was taking a $200 million stake in the company. Starboard, which is credited with turning around Olive Garden, will receive a seat on the board of the struggling pizza chain. Papa John’s and Starboard hope to stop the bleeding at the restaurant giant, which has sputtered since the resignation of its founder John Schnatter in late 2017.
Tesla (TSLA - Free Report) also made headlines this morning. The electric vehicle pioneer said it is buying Maxwell Technologies , an energy storage and delivery company, in an all-stock deal worth $218 million. Maxwell’s proprietary technology should help Tesla design more powerful and efficient batteries.
Meanwhile, Wall Street on Monday geared up for another busy week of earnings reports. It’s been a decent start to earnings season thus far, with S&P 500 members tallying bottom-line growth of nearly 14% on roughly 7% higher revenues.
On Monday morning, investors saw results from Clorox (CLX - Free Report) and Sysco (SYY - Free Report) . The actual numbers were mixed from both companies, but better-than-feared guidance inspired confident trading in the stocks in early market hours.
Now, the attention will shift to Google parent Alphabet (GOOGL - Free Report) . The internet behemoth always garners plenty of hype during earnings season, especially as its bottom-line figures have grown more consistent in recent years.
Alphabet is also telling a remarkable growth story for a company of its stature. Our latest consensus estimates are calling for Alphabet to post revenue growth of 21% this afternoon—thanks in large part to its surging cloud computing and hardware initiatives.
Nevertheless, earnings estimates for today’s report have come down over the past week. What do negative revisions ahead of a report mean? How is Google still notching impressive top-line growth? What are the line items investors should watch for this afternoon?
Ryan answers all of these questions, and more, only on today’s Free Lunch!
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
Google Earnings Preview & Today's Trending Tickers: PZZA, TSLA, CLX
On today’s episode of Free Lunch, Ryan McQueeney discusses news involving Papa John’s, Tesla, Clorox, and Sysco. Later, he previews Alphabet’s upcoming earnings announcement and explains what investors should watch for in the internet giant’s report.
Want more video content from Zacks? Subscribe to Zacks Investment News now!
Free Lunch is presented by 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, Twitter, and other major streaming platforms.
As Americans sluggishly returned to work after Super Bowl Sunday, investors were provided with plenty of news to digest.
Notably, Papa John’s (PZZA - Free Report) announced that activist firm Starboard Value was taking a $200 million stake in the company. Starboard, which is credited with turning around Olive Garden, will receive a seat on the board of the struggling pizza chain. Papa John’s and Starboard hope to stop the bleeding at the restaurant giant, which has sputtered since the resignation of its founder John Schnatter in late 2017.
Tesla (TSLA - Free Report) also made headlines this morning. The electric vehicle pioneer said it is buying Maxwell Technologies , an energy storage and delivery company, in an all-stock deal worth $218 million. Maxwell’s proprietary technology should help Tesla design more powerful and efficient batteries.
Meanwhile, Wall Street on Monday geared up for another busy week of earnings reports. It’s been a decent start to earnings season thus far, with S&P 500 members tallying bottom-line growth of nearly 14% on roughly 7% higher revenues.
On Monday morning, investors saw results from Clorox (CLX - Free Report) and Sysco (SYY - Free Report) . The actual numbers were mixed from both companies, but better-than-feared guidance inspired confident trading in the stocks in early market hours.
Now, the attention will shift to Google parent Alphabet (GOOGL - Free Report) . The internet behemoth always garners plenty of hype during earnings season, especially as its bottom-line figures have grown more consistent in recent years.
Alphabet is also telling a remarkable growth story for a company of its stature. Our latest consensus estimates are calling for Alphabet to post revenue growth of 21% this afternoon—thanks in large part to its surging cloud computing and hardware initiatives.
Nevertheless, earnings estimates for today’s report have come down over the past week. What do negative revisions ahead of a report mean? How is Google still notching impressive top-line growth? What are the line items investors should watch for this afternoon?
Ryan answers all of these questions, and more, only on today’s Free Lunch!
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>