2 Big Dow Stocks

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4.7 • 1.7K Ratings

🗓️ 15 August 2013

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Walmart and Cisco Systems fall on their latest earnings results. Plus we analyze Berkshire Hathaway's latest buys over a delivery of See's Candies.

Transcript

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0:00.0	Thursday August 15th. Welcome to Market Foolery. I'm Chris Hill joining me in
0:05.8	studio today from fool.com, Matt Copenhagen, for a million dollar portfolio
0:09.6	Dave Meyer. Happy Thursday, Jen. Happy Thursday to you.
0:13.0	It's a happy Thursday in here.
0:15.0	You know where it's not a happy Thursday?
0:16.5	On Wall Street.
0:17.5	Anywhere else?
0:19.0	The public markets, it's not a great day.
0:22.4	The Dow Index is all red at the moment and we're going to talk about the two biggest drags on the Dow, Walmart and Cisco Systems.
0:30.0	We're also going to talk Berkshire Hathaway's latest news, but let's start with Walmart.
0:35.0	Second quarter profit rose 1.3%.
0:39.0	Sales were slower than expected. They cut guidance for the full year.
0:44.0	Just not great results.
0:47.0	No.
0:48.0	It reminds me of a great story by pro-golf or Sevy Basteris.
0:52.0	He walks off and reporter asked him,
0:54.3	Sevy, how did you foreput on the 18th hole?
0:57.0	Well, I miss, I miss, I miss, I make.
1:01.0	Well, three misses right there by Walmart.
1:04.0	Yeah.
1:05.0	Matt, what do you think when you look at this quarter?
1:09.0	Because it seems like, you know, if you back out the performance of the stock two you know three five years
	...

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