Bidding War in Silicon Valley

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4.7 • 1.7K Ratings

🗓️ 17 March 2021

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Lennar rises on strong 1^st-quarter results and continued optimism about America’s housing market. Coupa Software delivers a surprise profit in the 4^th quarter but shares still sell off. Jason Moser analyzes those stories and the escalating bidding war in Silicon Valley as Lumentum, MKS Instruments, and II-VI all make bids to buy Coherent.

Transcript

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0:00.0	It's Wednesday, March 17th.
0:04.6	Happy St. Patrick's Day.
0:06.0	Welcome to Market Fully.
0:07.1	I'm Chris Hill.
0:08.7	On Monday, Jason Moser was on the show,
0:10.5	joining me today is Irish cousin, Jason O. Moser.
0:13.7	Thanks for being here, sir.
0:15.3	We'll top of the morning to you.
0:17.8	We've got software earnings.
0:19.5	We've got a bidding war in Silicon Valley,
0:22.6	which I am increasingly fascinated by.
0:24.7	But we're going to start today with housing.
0:27.3	Lennar's first quarter revenue came in higher than expected
0:30.8	and gross margins rose nearly five percentage points.
0:35.3	That seems pretty big for a home builder.
0:38.1	And let's face it, the housing market is hot.
0:41.0	Lennar is one of the biggest home builders in America.
0:43.3	So it seems right that shares are up a little bit this morning.
0:47.2	Yeah, I think you said it there.
0:50.1	The housing market is definitely hot.
0:53.8	And certainly management has been saying as much,
0:57.1	for the past several quarters,
	...

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