Disney Earnings In-Depth, Tesla's Wild Ride, & More Market Stories | Free Lunch

On today's episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps Snap's latest earnings results, highlights Amazon's new Whole Foods play, and attempts to summarize the wild day of Tesla and Elon Musk. Later, he takes a deep dive into Disney's earnings report, exploring the media giant's key business segments and outlook.

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.

Investors are still attempting to digest the insane ride that they were put on by Tesla TSLA and Elon Musk yesterday, which all started when Musk tweeted-out of nowhere-that his electric car company was considering going private.

That tweet was later followed by an official blog post and more details related to the proposed go-private deal, all of which stunned investors. Plus, we learned elsewhere that the Saudi sovereign wealth fund has recently built a 3% to 5% stake in the company.

Other major headlines today include Snap's SNAP latest earnings report and Amazon's AMZN new pick-up feature at Whole Foods. The Snapchat parent company was able to muster strong revenue growth and better-than-expected net losses, but the stock slumped on a sequential decline in active users. Meanwhile, Amazon unveiled a new program which will allow Prime customers to order from Whole Foods online and pick those items up in less than one hour.

Ryan recaps all of these stories, and provides his own perspective on the news, during the first half of today's show.

Later, he takes a deep dive into Disney's DIS earnings report. Disney actually missed estimates on the top and bottom line, but as Ryan explains, there were some positive takeaways from the report-including news on the Fox FOXA deal and remarkable numbers from the Studio Entertainment division.

However, the media behemoth saw a decline in operating income at its ever-important Cable Networks business, which was primarily caused by costly investments at BAMTech and ESPN+.

Make sure to check out the show as Ryan explores these results and explains where Disney might be headed next!

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The Walt Disney Company (DIS): Free Stock Analysis Report, Inc. (AMZN): Free Stock Analysis Report

Snap Inc. (SNAP): Free Stock Analysis Report

Tesla, Inc. (TSLA): Free Stock Analysis Report

Twenty-First Century Fox, Inc. (FOXA): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics


Latest Markets Videos


Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

Learn More