Apple Flexing Its Balance Sheet

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 7 June 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Target rips off the band-aid, while Apple shows off some new features. (0:25) Tim Beyers discusses:
- CEO Brian Cornell taking a head-on approach to dealing with Target's inventory problems
- Prepping for getting the all-important back-to-school and holiday shopping seasons right
- Apple's newest features (including chips) unveiled at WWDC
- Ripple effects from Apple Pay getting into the "buy now, pay later" space
- Prospects for an Apple VR headset in 2023

(15:08) Alison Southwick and Robert Brokamp discuss how you can "recession-prep" your investments and your mindset.

Stocks discussed: AAPL, AFRM, TGT, TSLA, BRK.A, BRK.B

Host: Chris Hill
Guests: Tim Beyers, Alison Southwick, Robert Brokamp
Producer: Ricky Mulvey
Engineers: Dan Boyd, Rick Engdahl

Transcript

Click on a timestamp to play from that location

0:00.0	We've got some takeaways from Apple's big event and some thoughts on Target's latest
0:09.5	announcement.
0:10.5	Montefel Money starts now.
0:15.3	I'm Chris Hill.
0:22.2	I'm joined today by Montefel Senior Analyst Tim Byers.
0:24.8	Thanks for being here.
0:25.8	Thanks for having me, Chris.
0:27.2	Fully caffeinated.
0:28.2	Ready to go.
0:29.2	We're going to get to Apple in a second, but we've got to start with Target.
0:37.0	And for those who might have missed it, did not have a great earning season.
0:40.6	Target came out in their most recent earnings report, Brian Cornell saying we got the inventory
0:48.0	wrong.
0:49.6	And the stock took a big hit.
0:52.2	Target came out today and basically said, here's how we're going to fix this.
0:59.1	We are going to take a short term hit and we are going to clear out our inventory.
1:06.6	And in related news for anyone listening who is looking for patio furniture or maybe
1:12.7	a new flat screen TV or some household appliances, you might want to check your local target
1:18.2	because it really seems like a lot of things are about to go on sale.
1:22.5	Everything must go, Chris.
1:24.2	Everything must go.
1:25.3	That's what it reminded me of, sort of the old school commercial.
	...

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