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Earnings from Comcast, Airlines & More, Plus a Cheap Tech Stock to Buy - Free Lunch

Benjamin Rains

On today’s episode of Free Lunch here at Zacks, Associate Stock Strategist Ben Rains dives into quarterly earnings results from Comcast CMCSA, Southwest Airlines LUV, American Airlines AAL, and more. We then look at why Pure Storage, Inc. PSTG is a Zacks Rank #1 (Strong Buy) stock right now, as it trades under $20 a share.

Stocks around the world fell Thursday, as worries about the coronavirus spread. The Shanghai Composite Index slipped 2.8% after the Chinese government locked down Wuhan and two other cities, to try to prevent the spread of the virus that has already killed at least 17 people.

Meanwhile, U.S. homes sales picked up in December and home-builder sentiment was higher than it has been during any month since 1999.

On the earnings front, Wall Street is worried about Southwest and American Airlines’ continued exposure to Boeing’s BA 737 Max. Procter & Gamble PG and rival Kimberly Clark KMB both reported their quarterly results.

Plus, Comcast proved that it is able to grow despite the continued loss of pay-TV customers in the cord-cutting age. The firm is also ready to enter the streaming market with the launch of Peacock later this year to challenge the likes of Netflix NFLX, Disney DIS, and others.

Intel INTC is set to report after the closing bell Thursday. Looking further ahead, Apple AAPL, Microsoft MSFT, Facebook FB, Amazon AMZN, and many other giants are all set to report their quarterly earnings results next week.

The episode then closes with a look at why Pure Storage is a Zacks Rank #1 (Strong Buy).

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Southwest Airlines Co. (LUV) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Pure Storage, Inc. (PSTG) : Free Stock Analysis Report
Kimberly-Clark Corporation (KMB) : Free Stock Analysis Report
The Walt Disney Company (DIS) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Facebook, Inc. (FB) : Free Stock Analysis Report
The Boeing Company (BA) : Free Stock Analysis Report
Comcast Corporation (CMCSA) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Procter & Gamble Company (The) (PG) : Free Stock Analysis Report
Intel Corporation (INTC) : Free Stock Analysis Report
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