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Square's Bitcoin Bet, Retail Survivors, & Walmart Earnings

Ryan McQueeney
  • (0:25) - Retail Earnings Overview
  • (1:50) - Square Integrates Bitcoin Into Its Cash App
  • (10:00) - DICK'S Sporting Good Earnings Results
  • (21:00) - Walmart Earnings Report
  • (28:00) - Episode Roundup: Podcast@Zacks.com

On today’s episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories, including Square's new bitcoin test, the survival of Dick's Sporting Goods, and Walmart's latest earnings results.

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

First up, the hosts discussed Square Inc. SQ and its bitcoin-related announcement this week. The red-hot payments company said that it is testing support for bitcoin through its mobile application, Cash App.

While it's only a small test for now, it could be the first sign of a legitimate fin-tech company getting into bitcoin transactions (also read: Here's Why Square Gained Today).

Maddy and Ryan also chatted about Dick's Sporting Goods DKS, which posted relatively lackluster earnings results earlier this week. Still, analysts from JPMorgan upgraded the stock and declared the company a “long-term survivor” in the struggling retail sector (also read: Why Did Dick's Sporting Goods Stock Surge Today?).

Finally, the hosts dove into the latest earnings report from Walmart WMT. Much has been made about the retail behemoth's rapid earnings growth this year, and while Maddy and Ryan acknowledged this, the hosts argued that the company's in-store improvements have been its secret weapon (also read: Why Walmart's In-Store Sales Were The Real Key To Its Earnings Beat).

Make sure to tune into the show to hear more!

As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating on iTunes.

As always, thanks for listening to this episode of the Zacks Friday Finish Line, and check back for even more news from the investment and financial world!

Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

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Square, Inc. (SQ) : Free Stock Analysis Report
Wal-Mart Stores, Inc. (WMT) : Free Stock Analysis Report
Dick's Sporting Goods Inc (DKS) : Free Stock Analysis Report
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