Send me real-time posts from this site at my email

Earnings from Netflix & Big Banks, & This Week in Cannabis Deals

On today’s episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson discuss earnings results from Netflix and the big U.S. banks. The hosts also remember the legacy of Jack Bogle and chat about several new cannabis industry deals.

Make sure to subscribe and leave the show a rating on Apple Podcasts!

Before taking on this week’s earnings results and industry news, Maddy and Ryan pay tribute to the legacy of Jack Bogle. The legendary investor, who is credited with inventing index funds, passed away this week at the age of 89. Bogle will be remembered as a champion of the individual investor thanks to his accomplishments in creating low-cost funds focused on tracking broad markets.

Next, the hosts recap a busy week for the domestic banking industry. Solid results from most of the bank bellwethers helped lift stocks higher—even if some results were not quite what investors had hoped.

For instance, JPMorgan JPM missed EPS estimates for the first time in 15 quarters. Wells Fargo’s WFC Fed-mandated cap on growth was extended beyond management’s expectations. Morgan Stanley’s MS wealth management division was strangely sluggish in the period.

Nevertheless, these companies—and peers such as Bank of America BAC, Citigroup C, and Goldman Sachs GS—cooled fears that Q4 volatility would be devastating to banks and proved that the business is still relatively healthy heading into a New Year.

Netflix also joined the fray of companies reporting earnings this week, posting mixed results on Thursday afternoon. The video streaming company added more global paid members than analysts expected, but it missed revenue estimates and guided for negative free cash flow to continue throughout 2019.

Maddy and Ryan spend time recapping all of these earnings results on today’s show. Make sure to check out the episode for all the key figures as well as the Finish Line team’s take on the news.

Later, Maddy and Ryan discuss the cannabis industry, which has quickly entered deal-making mode on the back of hemp legalization in the United States.

Canopy Growth CGC announced Monday that it received a license to produce hemp in New York and would be setting up a facility there, Tilray TLRY said that it will team with Authentic Brands to create CBD-based products, and New Age Beverages NBEV partnered with Docklight to distribute Marley-brand CBD drinks—all in this week alone.

Why are these deals coming so fast? Which partnership seems to make the most sense? Will larger companies look to outright purchase any of these cannabis upstarts soon? Ryan and Maddy share their answers to these questions, and more, only on today’s Friday Finish Line!

If you feel that we missed something, or if you want us to cover a different story, shoot us an email at Make sure to check out all of our other audio content at, and remember to subscribe and leave us a rating on Apple Podcasts.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

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
Wells Fargo & Company (WFC): Get Free Report
Citigroup Inc. (C): Get Free Report
JPMorgan Chase & Co. (JPM): Get Free Report
Bank of America Corporation (BAC): Get Free Report
Morgan Stanley (MS): Free Stock Analysis Report
The Goldman Sachs Group, Inc. (GS): Get Free Report
Tilray, Inc. (TLRY): Free Stock Analysis Report
Canopy Growth Corporation (CGC): Get Free Report
New Age Beverage Corporation (NBEV): Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research

Welcome!!! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue