08-27-19: Wells Fargo Analysts Do Not See A 'Holly Jolly' Holiday Shopping Season For Retailers
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 27 August 2019
⏱️ 46 minutes
🧾️ Download transcript
Summary
The prediction is that a warmer winter season, shorter holiday calendar, reduced tourism spending, and higher inventory levels could hurt fourth-quarter retail sales.
Today's Stocks & Topics: Book Value, Gold & Silver, Top Paying Jobs By Degree, 3 Social Security Mistakes, 2-year: 1.52, 10-year: 1.48%, 30-year yield: 1.96%, Oil: $54 per barrel, Bitcoin: 10,166, Gold: $1,541 per ounce, ENPH - Enphase Energy Inc., Emergency Funds, Double Tax Free, MBUU - Malibu Boats Inc. Cl A, Home Sales Report, CI - Cigna Corp., UBER - Uber Technologies Inc.
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.4 | 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 Tuesday August 27th |
| 0:27.3 | and it's been a lot of news following that a lot of news out a couple of days |
| 0:32.2 | and you know the market's up |
| 0:33.5 | and down as it has been for well over a month and maybe moving on to two months |
| 0:37.6 | here and I don't think it's going to end soon so don't think it's just going to go |
| 0:42.0 | away next week or even maybe not next month either. |
| 0:45.2 | I think we're just going to have this kind of movement, this kind of tug-of-war and I do think and I don't want to be pessimistic but I do think we're still |
| 0:56.4 | in the midst of our correction I don't think we're done yet we could be but I don't |
| 1:01.2 | think so it's only been about six, seven percent at the most at its worst and I just think that we could get down to 10 percent easily before we see a bottom. I do think we're going to have a bottom and I think it's going to set up a great buying opportunity |
| 1:14.4 | But I just don't think it's yet so don't get too |
| 1:17.7 | Don't get too depressed and don't get too excited |
| 1:21.0 | Anyways I'm Steve Peasley and I thank you for joining me today and I hope you'll call as well because this is a call and show and your investing questions drive us to wherever a direction do you want to go. |
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