- (1:45) - Walmart Earnings
- (5:00) - Tesla Earnings
- (11:55) - Snapchat IPO
- (15:20) - CEO Evan Spiegel: The Youngest Billionaire
- (18:15) - Snapchat Spectacles
- (20:25) - Everyone is Copying Snapchat
- (25:30) - Episode Recap
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, as well as preview one of the biggest market events of the past several years: the upcoming IPO of Snap Inc., the parent company of Snapchat.
The hosts kicked off the show by taking a look at Walmart’s WMT fourth quarter financial results. America’s biggest retailer beat on both the top and bottom lines, while its e-commerce segment continued to see huge growth.
Find out more here: Walmart (WMT) Q4 Earnings, Revenues Beat on Strong Comps
Maddy and Ryan also took a look at Tesla’s TSLA fourth quarter results, and the electric car company missed earnings estimates but posted a revenue beat. Tesla reiterated many of its vehicle production goals, while global net orders grew almost 50%.
Learn more here: Tesla Posts Strong Revenues Despite Q4 Loss, Global Net Orders Up 49%
Finally, the hosts were joined by once again by Kathleen Smith, co-founder of Renaissance Capital, to discussthe popular video messaging app Snapchat, and its parent company’s, Snap Inc., upcoming IPO. If it lives up to its high, and pricey, expectations, Snapchat’s market debut will be the largest offering in years.
Renaissance is a provider of IPO-focused research and investment management, and has been around for 25 years. It offers separately managed institutional accounts, as well as two ETFs—the Renaissance IPO ETF IPO and the Renaissance International IPO ETF IPOS—as well as a mutual fund, the Global IPO Fund IPOSX.
For those investors who are interested in learning even more about IPOs, we urge you to check out Renaissance Capital. The company’s IPO ETF recently hit a 52-week high, and based on its market valuation, Snap will be a candidate for inclusion.
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 firstname.lastname@example.org. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave us a rating on iTunes.
As always, thanks for listening to this special edition of the Zacks Friday Finish Line, and check back next week for even more news from the investment and financial world!
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