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Motley Fool Hidden Gems Investing

4 Stocks We Just Bought

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 31 October 2022

⏱️ 24 minutes

🧾️ Download transcript

Summary

October turned out to be the best month for the Dow Jones Industrial Average in a long time. (0:17) Jason Moser discusses: - The importance of staying invested through bear markets - JPMorgan Chase going after the rental payment market - How much JPM has been investing in technology - Wells Fargo issuing a "double downgrade" of Hanesbrands (13:49)  Matt Frankel joins Jason to discuss four companies they bought shares of recently. Companies discussed: JPM, HBI, HD, MKC, STOR, O, PINS Host: Chris Hill Guest: Jason Moser, Matt Frankel Producer: Ricky Mulvey Engineers: Tim Sparks, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We've got the latest in the War on Cash as well as the stocks that we've been buying.

0:09.9

Motley Fool Money starts now.

0:11.5

I'm Chris Hale joining me today, Motley Fool's Senior Analyst, Jason Moser.

0:21.2

Happy Halloween.

0:22.2

Happy Halloween, man, it is just flying right by.

0:26.0

It is. And before we get to the War on Cash, because there's an interesting development

0:31.6

in the War on Cash, it's Halloween, it's the last day of the month.

0:36.7

It's been a good month for the S&P 500, up 8% for the month.

0:42.4

The Dow Jones Industrial Average, which we don't spend a lot of time focusing on.

0:47.0

And I would argue rightly so because it's an average of just 30 stocks.

0:51.0

But the Dow is up 14% for the month.

0:56.0

It reminds me of something we've talked about before, Jason, of just sort of make sure you

1:00.7

have room in your portfolio for those steady performers.

1:04.2

Because every once in a while they can be even more than steady.

1:07.7

They can be in positive territory.

1:09.4

Oh, yeah, absolutely.

1:10.4

I mean, we've talked a lot recently about how there have been just so many of sort of

1:16.4

the no-brainer ideas, the no-brainer companies out there that seem to be trading at just

1:21.7

or seem to be valued.

1:22.7

It's just very, very reasonable prices today in relation to their long-term prospects.

1:29.7

And I mean, that, I mean, we've talked before about how the market performs in bear markets,

1:37.3

right?

...

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