Apple Earnings - 1 Thing To Watch
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 1 November 2018
⏱️ 14 minutes
🧾️ Download transcript
Summary
Fitbit soars on strong 3rd-quarter earnings and increased guidance for the holidays. Spotify falls despite reporting an unexpected 3rd-quarter profit. Motley Fool Asset Management’s Charly Travers analyzes those stories and shares why he’s not going to be focused on iPhone sales when Apple reports after the closing bell.
Transcript
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| 0:00.0 | It's Thursday, November 1st. |
| 0:03.0 | Welcome to Market Foolry. |
| 0:04.0 | I'm Chris Hill joining me in studio for Motley Fool Asset Management. |
| 0:08.0 | No, it's not Bill Barker. |
| 0:09.0 | I'm glad to say it's Charlie Travers in the house. |
| 0:12.0 | Good to see you, man. Good to see you, man. |
| 0:12.8 | Good to see you, Chris. |
| 0:13.6 | Thank you for being here. |
| 0:15.7 | We've got music streaming. |
| 0:17.6 | We've got a preview of Apple's earnings later today, |
| 0:20.1 | but we're gonna start with the stock of the day to the surprise of probably everyone, including |
| 0:26.8 | the company employees and management themselves. |
| 0:30.0 | The stock of the day is Fitbit because third quarter profit and revenue came in higher than expected. |
| 0:34.8 | Fitbit also raised guidance for the fourth quarter. |
| 0:38.7 | The stock is up 26% this morning. |
| 0:41.5 | That's a big move. |
| 0:42.4 | That's a heck's a big move. And this is a stock that's been down for so long and we've talked on this show over the past few weeks. We've seen this with other companies in other industries where they get a big pop, you do the pull back and you look at over the last year two, three years that we saw it earlier this week with Under Armour. |
| 1:04.0 | Huge pop and then you look back and like oh yeah. |
| 1:06.5 | Yeah. |
| 1:07.5 | You tell me how how enthusiastic should non- Fitbit shareholders be? |
| 1:17.9 | I'm not a Fitbit shareholder. |
| 1:20.2 | Is this a corner that they've turned? |
... |
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