- (1:00) - The Worst Memorial Weekend Box Office
- (7:20) - Trump Pulls U.S. Out of Paris Climate Agreement
- (11:30) - Amazon Beats Alphabet to $1,000
- (22:20) - What Will It Take For Alphabet to Get to $2,000
- (26:30) - 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 the potentially weak summer movie schedule, Trump’s decision to pull out of the Paris climate deal, and Amazon’s victory in the race to $1,000.
Make sure to subscribe and leave the show a rating on iTunes!
It was another interesting week across the global markets, and after the Memorial Day weekend, investors were greeted by the news that the summer was not off to a good start for Hollywood.
Indeed, according to estimates from comScore, Memorial Day weekend domestic revenue hit an 18-year low, which is not a good sign considering the importance of the holiday for the box offices. What’s worse? Some analysts think this is a trend that will continue all summer long.
Find out more here: Movie Theater Stocks Slump, Will Summer Blockbuster Season Be a Flop?
Moving on, the hosts also touched on President Trump’s decision to withdraw from the Paris climate accord. The renewable energy industry was initially rocked on Wednesday morning amid reports that Trump was planning to pull out of the deal, and that was later confirmed by the president himself later in the week.
Read more: Solar Stocks Plunge as Trump Reportedly Pulls Out of Paris Climate Deal
Finally, the hosts touched on the Amazon (NASDAQ:AMZN) vs. Alphabet (NASDAQ:GOOGL) race to $1,000 per share, which concluded on Tuesday morning when Amazon crossed the monumental threshold for the first time.
Maddy and Ryan spent some time discussing the future of both companies and debated what could send both stocks to $2,000. Make sure to check it out!
And for more commentary, go here: Amazon Shares Hit $1,000, Alphabet Inches Closer
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/podcast, 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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