What Does The Massive Wolfcamp Oil Discovery Mean For The Energy Industry?

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 news from the investment and financial world.

The hosts began this week’s episode with a look into recent earnings releases from Target Corp. (NYSE:TGT) and Wal-Mart Stores Inc. (NYSE:WMT) . These two retail powerhouses were both able to beat earnings expectations this week; however, Target stock soared, while Walmart slumped, as investors reacted to varying news from lower down the reports.

Check out both reports here: Target Soars 8% on Strong Q3 Earnings, E-Commerce Growth & Wal-Mart Beats on Q3 Earnings; Lags on Sales

Maddy and Ryan moved on to an interesting announcement from Nike Inc. (NYSE:NKE) this week. The sneaker giant finally revealed the price and release date of its highly-anticipated HyperAdapt 1.0 shoe. The new sneaker, which promises to be self-lacing and highly-adjustable, will launch on December 1 and will begin at $720.

Find out more on the HyperAdapt 1.0 here: Nike Unveils Price and Release Date For The Futuristic HyperAdapt 1.0

The Finish Line Team changed the pace a bit and shifted the conversation to airliners. There was a pair of notable stories that emerged this week regarding domestic carriers. First of all, United Continental (NYSE:UAL) announced its new “Basic Economy” fare, which will offer lower prices but limit customers to one carry-on that fits under the seat. Also, Alaska Airlines (NYSE:ALK) announced the debut of its new jet fuel made from “forest residuals.”

Check out the full details on both stories here: Airline News: Alaska's Tree-Based Jet Fuel, United's Basic Economy Fare

Finally, the hosts finished this week’s with a discussion centered on the recent discovery of the biggest untapped oil depository in the United States. The new oil field in Texas contains a whopping 20 billion barrels of oil, enough for many decades worth of drilling.

Check out that full story here: USGS Just Discovered the Biggest Shale Oil Field in America

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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