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Motley Fool Hidden Gems Investing

Big Banks, Tech, and Zoom’s CEO

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 28 June 2019

⏱️ 40 minutes

🧾️ Download transcript

Summary

Nike reports a rare profit miss. FedEx delivers a warning but shares climb. Apple announces a big departure. And a Taco Bell hotel quickly sells out. Analysts Ron Gross and Jason Moser discuss those stories and dig into big banks, Constellation Brands, General Mills, Shopify and McCormick. Plus, Motley Fool CEO Tom Gardner talks with Zoom founder and CEO Eric Yuan about video conferencing technology and the future of the workplace. Thanks NetSuite. Get the FREE guide, “7 Key Strategies to Grow your Profits” at www.NetSuite.com/Fool.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode of Motley Full Money is supported by NetSuite, the business management software

0:03.9

that handles every aspect of your business in an easy-to-use cloud platform.

0:08.4

Download their free guide, Seven Key Strategies, to grow your profits today at NetSuite.com-slashfull.

0:19.6

Everybody needs money. That's why they call it money.

0:23.9

Now let's see the life of free, but you can give them to the present be the me.

0:30.7

From full global headquarters, this is Motley Full Money.

0:34.2

It's the Motley Full Money radio show. I'm Chris Silladroni, me in studio this week.

0:37.7

Senior analyst Jason Moser and Ryan Grouse. Good to see you as always, gentlemen.

0:41.0

Hey, hey.

0:41.8

We've got the latest headlines from Wall Street. Zoom CEO Eric Yuan is our guest,

0:45.8

and as always, we'll give an inside look at the stocks on our radar.

0:48.6

But we begin with some earnings. For the first time ever, Nike's fourth quarter sales

0:53.0

cleared the $10 billion mark. Nice accomplishment, Jason, but it also coincided with the first profit

0:59.7

miss in seven years, and shares of Nike down a bit on Friday.

1:03.1

Yeah, but I mean, let's remember the profit miss was due to investments in the business.

1:07.9

So at least there's that. I do think, I mean, this is a really impressive business.

1:12.3

It just feels like they can deal with virtually any macroeconomic challenge.

1:17.8

I mean, whether it's China or the consumer or something else entirely.

1:20.8

And I mean, when we look at the geographical breakdown, China was the star of a quarter of

1:25.8

22% sales growth. But I think even more impressive, you know, we've talked a lot about North America

1:31.0

and these retailers over the last year. Nike chalked up 8% growth in the North American segment

1:36.4

again, this quarter, which is, is I think a really important number for them. It shows that they've

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