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!

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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 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 . 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 and PayPal PYPL 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 , 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 . 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 can continue its monumental run. Make sure to watch the episode to hear more!

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PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report Inc (CRM): Free Stock Analysis Report

Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report

Ulta Beauty Inc. (ULTA): Free Stock Analysis Report

DICK'S Sporting Goods, Inc. (DKS): Free Stock Analysis Report

Tilray, Inc. (TLRY): Free Stock Analysis Report

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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.

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