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QVC-HSN Merger, Nvidia AI Deal, Blue Apron IPO, and Tesla's Rough Week

  • (1:00) - QVC to Merge With Rival HSN
  • (3:35) - Nvidia and Baidu Partner Up
  • (5:30) - Blue Apron IPO
  • (8:00) - The "Kit" Economy
  • (12:30) - Telsa's Stock Takes A Rare Down Turn
  • (17:30) - 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 massive home shopping network merger, Nvidia’s latest AI partnership, Blue Apron’s sluggish IPO, and Tesla’s rare downturn.

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

For this week’s first story, the hosts chatted about the impending merger between Liberty Interactive QVCA—the owner of TV shopping network QVC—and Home Shopping Network HSNI. Liberty Interactive is already a minority owner of HSN, but the two companies will now fully merge in an effort to combat the increased pressure from Amazon AMZN.

Go here for all the details: QVC to Merge with Home Shopping Network: Will Amazon React?

Maddy and Ryan also discussed Nvidia NVDA, one of Wall Street’s most popular stocks, and the company’s new partnership with Chinese internet giant Baidu BIDU. The two companies will work together on a plethora of new artificial intelligence projects, underscoring the importance of the emerging AI market.

For more on what Nvidia is doing right now, check out: Why Did Nvidia Corporation Stock Jump Today?

Next up was the initial public offering of meal-kit delivery company Blue Apron APRN. The hosts took some time to talk about the “kit economy” and Blue Apron’s business model. Nevertheless, it’s been a rough first week of trading for the company, and shares have already dipped below their IPO levels.

Get the full story here: Blue Apron IPOs at Low End of Price Range: Should You Invest?

Finally, the featured story of the week was Tesla’s TSLA recent downturn. After hitting an all-time high in late-June, the stock quickly plummeted more than 15%, marking a rare down period for this perpetually soaring company.

After missing vehicle delivery estimates and losing safety credibility, Tesla has lost some of its steam. Should investors be worried?

Read more: Tesla Shares Slide Again, Should You Buy The Dip?

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!

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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
 
Baidu, Inc. (BIDU): Free Stock Analysis Report
 
Tesla Inc. (TSLA): Free Stock Analysis Report
 
Liberty Interactive Corporation (QVCA): Free Stock Analysis Report
 
HSN, Inc. (HSNI): Free Stock Analysis Report
 
NVIDIA Corporation (NVDA): Free Stock Analysis Report
 
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