On today's episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson investigate the latest moves in the Amazon-Walmart war, highlight the ill-fated Tribune-Sinclair merger, and recap Disney's new earnings report. Later, the hosts have some fun breaking down Elon Musk's surprising tweets about taking Tesla private.
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Up first, Maddy and Ryan discuss the end of the merger talks between Tribune TRCO and Sinclair SBGI . The Tribune board this week not only ended the merger agreement, but also sued Sinclair for not doing enough to meet regulatory hurdles.
What's worse, the Tribune board appears to also be accusing Sinclair of working to find regulatory loopholes instead of following proper procedures.
Amazon announced it was rolling out same-day, in-car pickup at Whole Foods, mirroring buy-online, receive-in-store services Walmart has invested in recently. Similarly, Walmart just unveiled new policies for third-party online sellers which seem to borrow from Amazon's own rules on the subject.
Maddy and Ryan discuss both of these stories, giving listeners exactly what they need to know and speculating on what things might mean going forward.
Next, the Finish Line team provides a full recaps of Disney's DIS earnings report. Disney posted a rare double miss, and results throughout the report were mixed.
Revenue was up in all key divisions, but operating income slipped in the Media Networks segment as Disney continued to invest in streaming platforms. Nevertheless, operating income soared in the media behemoth's Studio Entertainment unit as Avengers: Infinity War and Incredibles 2 tallied historic box office performances.
The hosts explore these mixed results and debate whether Disney will continue its film momentum through the remainder of 2018.
Finally, Maddy and Ryan have some fun breaking down Elon Musk's series of tweets which revealed proposed plans to bring Tesla TSLA private. The polarizing CEO shocked the world on Tuesday by revealing the plan in a few early-afternoon posts, and many questions remain.
Does Tesla actually have the funding to go private at $420 per share? Were Elon Musk's tweets an SEC violation? Is the CEO now the company's biggest distraction? Maddy and Ryan answer all of these questions, and more, on this week's episode of the Friday Finish Line!
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