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Motley Fool Hidden Gems Investing

Airbnb's Record Quarter, Nikola's Early Days

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 2 November 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

If you think this is a market that will automatically reward a stock because the company posted record revenue, think again.  (0:17) Asit Sharma discusses: - Why today's announcement from the Federal Reserve won't change the way he invests - Record revenue highlighting Airbnb's 3rd-quarter results - Whether today's drop in share price looks like a buying opportunity (8:31) Ben Foldy, Wall Street Journal reporter and host of the podcast "Bad Bets", shares insights on Nikola founder Trevor Milton, his early career, and the steps that led to one of the hottest stocks of the pandemic. Companies discussed: ABNB, NKLA, KNX Host: Chris Hill Guest: Asit Sharma, Ben Foldy Producer: Ricky Mulvey Engineers: Tim Sparks, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

We're pulling back the curtain on an EV maker and we're taking a closer look at a falling

0:09.4

stock.

0:10.4

Motleyful Money starts now.

0:17.3

I'm Chris Hill joining me today, Motleyful Senior Analyst, Asad Sharma.

0:21.2

Could you see you?

0:22.2

Thanks for being here.

0:23.2

Greetings, Chris.

0:24.2

Thank you for having me.

0:25.2

Before we get to Airbnb, let me timestamp this because this is probably not going to be

0:32.1

very satisfying for listeners, but people will hear this after the Federal Reserve has made

0:38.0

their announcement on what we, I think, all expect to be a rate hike of three quarters

0:43.4

of a percent.

0:44.4

But you and I are recording this before that happens.

0:48.5

So I guess my question for you is, is there any way that you're investing is going to

0:54.4

change based on whatever the Fed announces this afternoon?

0:57.6

Because I sort of feel like they would have to announce something very extreme for me

1:03.5

to rethink how I'm investing.

1:06.2

I'm the same way, Chris.

1:07.5

I will say that we are all Fed watchers now.

1:11.9

Once in a while I used to take an Uber ride, maybe get into a conversation with a driver

1:17.1

and he or she would learn that I invest in stocks.

1:21.9

We would start talking stocks.

...

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