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MarketFoolery

Apple, McDonald’s, Starbucks

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 29 January 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

Apple’s latest quarter was a blockbuster. McDonald’s and Starbucks deliver earnings beats and warnings about China. Bill Barker analyzes those stories, plus we discuss shares of L Brands rising 13% on reports that its CEO might be leaving. (Tangents include the health benefits of coffee, what unicorns smell like, and the “Three Commas” club.)

Transcript

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0:00.0

It's Wednesday, January 29th.

0:04.0

Welcome to Market Flory.

0:05.0

I'm Chris Hill with me in studio.

0:07.0

Mr. Bill Barker, thanks for being here.

0:09.0

Thanks for having me.

0:10.0

Earning season is in full swing.

0:12.0

We've got McDonald's, we've got swing. We've got McDonald's.

0:13.2

We've got Starbucks.

0:14.2

We have a long time CEO.

0:16.2

Emphasis on long time, reportedly leaving the company that he founded and we will get to all of

0:21.6

those, but we have to start with Apple because

0:24.5

Apple's first quarter which is the holiday quarter was everything you would

0:30.1

want it to be if you're an Apple shareholder. Profits and revenue came in higher

0:34.3

than expected iPhone sales, $56 billion worth of iPhone sales.

0:40.4

Yeah, this is the quintessential beat and raise kind of quarter, which Apple probably needed in terms

0:50.0

of a stock evaluation. It was trading at all-time highs and now is a new all-time high by a little

0:57.5

bit more, so it fulfilled very high expectations and the question that you know probably will be bandied around

1:05.6

will not spend too much time on this is you know how is the valuation

1:09.7

justified at this point? Yeah we I mean we, we'll get to the stock in a second, but the iPhone sales rightfully

1:18.2

so getting the headlines, the, what is the other products category, that's the official name that Apple gives it the other

1:26.1

products Apple watch Airpods beats headphones 10 billion dollars worth of

1:31.5

sales yeah you can split up the various segments of Apple and get a number of extremely large companies.

...

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