A Bull Case for Walmart

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 10 April 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Earnings season kicks off on Friday. What should investors be watching?

(00:21) Jason Moser discusses:
- Key takeaways from Walmart's investor day event
- Why the retailer is an underrated capital allocator
- Investing observations from spring break
- What he'll be watching this earnings season

(16:47) Asit Sharma talks with PubMatic CEO Rajeev Goel about how the sell-side advertising platform is faring in a tougher macro-economic environment, as well as opportunities now.

Companies discussed: WMT, AMZN, ABNB, BIG, OLLI, PUBM, UBER

Host: Chris Hill
Guests: Jason Moser, Asit Sharma, Rajeev Goel
Producer: Ricky Mulvey
Engineer: Dan Boyd

Transcript

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0:00.0	And just like that, we're gearing up for earning season.
0:08.3	Bodleful of money starts now.
0:21.1	I'm Chris Hill, joining me in studio,
0:23.5	Bodleful Senior, L.S. Jason Moser.
0:25.6	Happy Monday.
0:26.4	It's always so nice to be in studios.
0:28.5	Nice to be in the studio.
0:30.2	We're going to get to earning season in a little bit.
0:33.8	But I want to start with something that happened last week,
0:36.5	while you and I were both on our respective spring breaks.
0:39.6	And that was the fact that Walmart held an investor day event in Florida.
0:45.2	And you don't have to be a Walmart shareholder to care about this event
0:50.1	because when it comes to the state of the U.S. consumer,
0:52.6	you tell me who has a better handle on that than Walmart.
0:56.7	And a number of things came out of it.
0:58.5	One that sort of leapt out to me was something we had talked about.
1:05.1	I want to say six months ago, it was definitely in calendar year 2022,
1:09.6	was how Walmart was starting to get higher income customers coming in
1:16.2	as the market was having a rough year last year as the economy started to tighten up
1:21.4	a little bit.
1:22.0	Interest rates rising.
1:24.0	And one of the comments from the CFO at Walmart was 75% of the market share gain
	...

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