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Trump Squares Off With Nordstrom, Disney and Twitter Post Mixed Earnings

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  • (1:55) - The Trump Effect: Gold Prices Surging
  • (4:45) - Nordstrom Gains After Trump Twitter Attack
  • (13:00) - Disney Earnings Report
  • (21:45) - Twitter Earnings Report
  • (31:00) - Episode Round-up

On today’s episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories, including how President Donald Trump has sent gold prices and Nordstrom stock soaring, as well as the mixed earnings results of Disney and Twitter.

The hosts kicked off the episode by taking a look at the latest Trump-related stories. The financial markets are still trying to figure out how to feel about the Trump presidency, but one of the biggest gainers since his election has been gold. Uncertainty is in the air, and that normally means prices of the precious metal are going to go up.

Find out more here: Why Has Gold Been the Big Winner Amid Trump Uncertainty?

Maddy and Ryan also took a look at President Trump’s recent clash with Nordstrom (JWN - Free Report) . The POTUS clashed with the company after the clothing retailer decided to stop selling his daughter Ivanka’s brand. Nordstrom maintains that the decision was due to weak sales, but Trump has said Ivanka has been treated “unfairly.”

Learn why shares of JWN were up regardless: Nordstrom's 'Unfair' Strategy Against Trump? Remembering Their Extremely Loyal Customers

Finally, the hosts discussed some of the marquee earnings reports from the week. One report that garnered a lot of investor retention was that of Disney (DIS - Free Report) . While there was certainly some good news in Disney’s report, investors were slightly disappointed with the results from its Media Networks division and the continued struggles at ESPN.

Check out more on Disney’s report here: Disney Stock Slumps on Q1 Earnings Report: Revenues Miss, ESPN Declines

Maddy and Ryan also echoed the frustration that many investors had towards Twitter’s latest report. The struggling social media once again posted mediocre revenues and user growth, sending its stock tumbling on Thursday.

Go here for the full details: Twitter Disappoints Investors

As always, thanks for checking out this week’s episode of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!


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