2 Stocks We’re Not Selling

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🗓️ 2 March 2021

⏱️ 20 minutes

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Summary

Despite all the positive aspects of their respective 4^th-quarter reports, shares of Mercadolibre and Zoom Video are falling today. But that pessimism isn’t shared by Jim Gillies, who says those two stocks are “as far away from the sell button” as any he owns. Jim analyzes their results as well as the latest quarter from Kontoor Brands, the parent company of Lee and Wrangler jeans.

Transcript

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0:00.0	It's Tuesday, March 2nd.
0:03.8	Welcome to Marketfoolery.
0:05.0	I'm Chris Hill with me today from the Great White North.
0:07.8	Mr. Jim Gillies, good to see you.
0:09.8	Good to be seen, Chris.
0:12.4	We've got apparel retail.
0:14.1	We've got international retail.
0:16.4	But we're going to begin with, I'll call this,
0:19.7	I'll call this stock, the star of 2020, Zoom video.
0:23.9	Fourth quarter revenue was 370% higher than a year ago.
0:29.3	And I suppose that next quarter is when the tough comps
0:33.0	for Zoom video will really start to kick in.
0:35.6	But Jim, you look at the gross margins for Zoom video.
0:42.0	They are going in the right directions.
0:45.2	The stock was up 10, 11% pre-market.
0:48.5	It's settled down from that.
0:49.8	But this is a great quarter.
0:53.1	It's a great quarter.
0:54.3	In my notes here, Chris, I not to be uncouth about it.
0:58.7	But I did say, wrote basically down,
1:01.9	is there a bigger pandemic success story than Zoom video
1:06.2	in terms of markets?
	...

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