Amazon Joins the $2 Trillion Club

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 27 June 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to the stock market in 2024. When we recorded today’s show, Chewy was up about 60% for the month. By the time we wrote the description, Roaring Kitty had posted a picture of a dog and the stock was briefly up more than 80% on the month. (00:21) Ricky Mulvey and Tim Beyers discuss what’s behind Chewy’s surge, Amazon’s new retail plan and journey to being a multi-trillion-dollar company. Then, William Cohan from Puck (16:13) joins Ricky to discuss his reporting on Paramount and future after it turned down a buyout deal from Skydance Media. Companies discussed: CHWY, AMZN, PARA Check out Puck’s newsletters: https://puck.news/newsletters/ Host: Ricky Mulvey Guests: Tim Beyers, William Cohan Producer: Dylan Lewis Engineers: Dan Boyd, Tim Sparks Public.com disclosure: A High-Yield Cash Account is a secondary brokerage account with Public Investing, member FINRA/SIPC. Funds from this account are automatically deposited into partner banks where they earn a variable interest and are eligible for FDIC insurance. Neither Public Investing nor any of its affiliates is a bank. US only. Learn more at public.com/disclosures/high-yield-account Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	A pet retailer got 60% more valuable over just the last month.
0:09.8	You're listening to Motley Full Money. I'm Ricky Mollvie. I'm Ricky Mulvey, joined today by Tim Byers.
0:13.0	Tim, how we doing?
0:24.0	Fully caffeinated ready to go. And we got some stories that you are ready to go on.
0:30.0	One of them is a fully caffeinated pet retailer in Chui, it's up by about two-thirds since
0:37.3	literally May.
0:38.3	Tim, I am seeing no news on this.
0:40.1	I am holding on to my Chui stock and I am wondering what the heck is going on.
0:43.9	I mean did everyone just get bullish on vet care clinics or the international expansion?
0:48.7	What is going on with chewy right now?
0:50.9	Well it's probably a short squeeze.
0:53.8	And that will define what that means.
0:56.5	But let's talk about what happened when there
0:58.7	was an impressive earnings report in May. I'm going to make sure I have my my
1:05.6	facts straight here. I want to give you this to you Ricky the exact date so it was
1:12.0	May 29th, I believe.
1:15.0	29th, yes, May 29th.
1:18.0	May 29th, 2024.
1:20.0	So the average volume of trading in chewy stock was under 10 million shares on a given day.
1:30.0	On May 29th, it was 66.6 million Ricky that is outrageous and some of that has to do with
1:38.0	an extraordinary amount of buying this is what happens when you see
1:42.3	institutions funds this is what happens when you see institutions, funds,
	...

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