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Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 25 April 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

First Republic Bank and Pepsi are very different businesses with stocks moving in very different directions. (00:21) Jim Gillies discusses: - First Republic Bank shares plummeting after terrible quarterly results and a surprisingly brief conference call - Medpace Holdings crushing their 1st-quarter report and (once again) winning the guidance game - Pepsi's stock hitting an all-time high after snacks fueled Q1 results (16:03) Bill Mann joins Alison Southwick and Prof. Robert Brokamp to talk about the "new normal" of hybrid work. Companies discussed: FRC, MEDP, PEP Check out the newest episode of our premium podcast, Stock Advisor Roundtable! https://open.spotify.com/episode/6MWIz55NW99Av1l7w9FrXU?si=05100b2801f84f63&nd=1 Host: Chris Hill Guests: Jim Gillies, Alison Southwick, Robert Brokamp, Bill Mann Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We've got a bank stock hitting an all-time low and a beverage stock hitting a new all-time high.
0:10.4	Motley full money starts now.
0:12.1	I'm Chris Hill joining me today.
0:23.0	Motley full senior analyst Jim Kiles.
0:24.8	Good to see you, sir.
0:25.8	Good to be seen, Chris.
0:27.8	Thanks.
0:29.4	A few things I want to get to, but real quick, we should probably start with First Republic
0:34.1	Bank because shares are down nearly 30%.
0:39.7	I believe the big ground number I saw was $100 billion worth of deposits are no longer
0:45.7	at First Republic Bank.
0:48.7	And it's not often that conference calls make headlines, but I'll just quote one executive
0:56.1	at First Republic Bank who apparently said on the call, given the events of March, we
1:01.4	are withdrawing all previously communicated financial guidance.
1:06.0	Please note, there will be no question and answer session following our prepared remarks.
1:14.0	That's pretty breast taking.
1:16.0	And the only thing that would make it more breast taking, Jim, since I am not a shareholder
1:21.0	of First Republic Bank, and I'm going to go ahead and assume that most people listening
1:26.8	are also not shareholders of First Republic Bank.
1:29.5	The only thing that would take my breath away more is if you tell me what's happening
1:33.6	at that bank is going to spread to other banks.
1:38.3	This one's not good.
	...

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