Wall Street Week in Review: Mixed Bag of Earnings, Hot IPO


We connected with Chris Hill of Motley Fool regarding the Week on Wall Street to get his take on a few big names. Apple (APPL) smashed earnings expectations -- again -- selling more than 9 million iPads and 20 million iPhones in the quarter. They now have $78 billion in cash and are just $50 billion away from being the world's most valuable company. They've "surprised" on the upside for nine straight quarters. At what point is it not "surprising?"

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In some disappointing news, Chipotle Mexican Grill (CMG) reported lower-than-expected earnings for only the second time in company history. Why the miss? Higher raw food prices and one-time charges were a factor. Turns out, avocados are especially pricey this year. Same-store-sales were still pretty strong and they're still opening news ones. Their breakfast burrito seems to be well received in trials and they are getting ready to launch a new Asian cuisine restaurant in DC. How much potential will the new concept have?

This week brought investors another seemingly hot IPO ... Zillow (Z). Shares soared more than 75% on opening day. They only floated a small percentage of shares, but with only $36 million in ad sales, it looks like they're valued at over $1 billion. Learn why Hill says, "run away!"

Looking ahead to next week, investors can look forward to earnings from Amazon (AMZN), Ford (F), Hershey (HSY), Whole Foods (WFM) and ExxonMobil (XOM).