Yahoo Finance Microsoft Earnings Preview, & Trending Stocks: DPZ, CMCSA, SQ | Free Lunch
On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney discusses what’s causing stocks like Domino’s DPZ, Comcast CMCSA, and Square SQ to move this morning.
Later, he is joined by Dave Bartosiak to preview the upcoming earnings report from Microsoft MSFT, which is due out this afternoon.
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Pizza behemoth Domino’s posted its latest quarterly earnings report before the bell today, tallying its 29th straight quarter of positive domestic same-store sales results. Revenue disappointed investors a bit, sending shares down a bit at the open, but earnings growth was solid, and Domino’s—once again—displayed its restaurant industry dominance.
Meanwhile, investors were also reacting to the news that Comcast has dropped its bid to buy 21st Century Fox FOXA assets, effectively handing the deal to rival Disney DIS. Comcast will now focus its efforts on completing its deal to buy Sky.
Wall Street was also talking about Square this morning, with one key analyst firm upgrading the stock on the back of expanded product offerings for merchants. Investors are starting to notice that Square is doing much more than its core payment solutions business, and that is paying off for the firm.
Ryan recaps these stories, giving investors the key facts and his own perspective, on the first half of today’s show!
Later, he is joined by Zacks Strategist Dave Bartosiak to preview Microsoft’s upcoming earnings report. How important is Microsoft’s cloud business to today’s results? What the heck is Azure, anyway? Is the tech behemoth gaining on Amazon AMZN in the public cloud market?
Hear Ryan and Dave’s answers to all of these questions, and more, only on today’s episode of Free Lunch!
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