05-29-2020: How Companies Are Using Creative Accounting To Gauge Impact Of COVID-19
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 29 May 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
Investors should look for signs that companies are piling too many negative charges into the pandemic-affected quarters.
Today's Stocks & Topics: Unemployment Checks, The Fed's Next Move, Don't Throw Your Junk Mail, T - AT&T Inc., Tech Stocks, QQQ - Invesco QQQ Trust Series I, STWD - Starwood Property Trust Inc., Gold,
KL - Kirkland Lake Gold Ltd., NUE - Nucor Corp.
TRIVIA QUESTION: "Small businesses in the U.S. employ about half of the country's private workforce-- so, before COVID-19, HOW MANY small businesses were there? And, on average, HOW MANY DAYS of a cash buffer did small businesses have "on hand" to pay expenses?
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Transcript
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.3 | KPP Financial, Independent Thinking, shared success. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk. It is Friday, May 29, 2020. |
| 0:27.0 | Of course we have survived another week, final trading day of May, so we've survived another month, and we're finally getting |
| 0:35.8 | back to work. |
| 0:36.8 | Now we had a couple of good days start for the week if you remember right choosing |
| 0:43.0 | Wednesday were big up days and then it just kind of moves |
| 0:46.8 | sideways a little bit anyways we have some there's been lots of |
| 0:51.0 | volatility it's been a lot of up volatility for, |
| 0:54.6 | you know, ever since it bottomed in March. |
| 0:57.1 | So that's good. |
| 0:58.0 | It's not a bad thing. |
| 0:59.2 | Now the question is, will it ever get... |
| 1:01.6 | How long will it take? Because it will get there, how long will it |
| 1:04.4 | take to surpass the old highs? |
| 1:07.0 | See, a lot of people, you know, a lot of people remember from 2009 on. |
| 1:14.0 | I remember a lot more different kinds of markets |
| 1:17.2 | where the Dow wouldn't break a new 52 week high |
| 1:20.4 | for several, for years years for years. |
| 1:23.0 | It was trade down and up and drown up and didn't break the old high for the dowel. |
| 1:29.0 | We're breaking old high for the dowel for 10 years now consistently. |
... |
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