“Blue Horseshoe hates GameStop.”
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 11 December 2019
⏱️ 22 minutes
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Summary
Saudi Aramco becomes the biggest public company in the world after its IPO, but what will the next decade bring for the oil and gas industry? Bill Barker analyzes a disastrous day for specialty retail stocks Children’s Place and GameStop. Plus, we celebrate the 32nd anniversary of the iconic movie “Wall Street”. (Tangents include an update on our Hallmark Christmas movie and fun ways to name conference rooms.)
Holiday music - “White Christmas” by Sharon Jones and the Dap Kings
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Transcript
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| 0:00.0 | Thanks to LinkedIn for supporting this episode of Market Fullry. |
| 0:02.2 | LinkedIn Jobs screens candidates with the hard and soft skills that you are looking for. |
| 0:06.5 | Yes, you, so that you can hire the right person fast. |
| 0:10.3 | Find the right person with LinkedIn Jobs. |
| 0:12.4 | Get $50 off your first job post at |
| 0:14.8 | LinkedIn.com slash fool. It's Wednesday December 11th. Welcome to market foolery. |
| 0:22.0 | I'm Chris Hill with me in studio, the one and only Bill Barker. Thanks for being here. |
| 0:26.0 | Thanks for having me. We have a rough day for specialty retail. We have an anniversary for Wall Street. |
| 0:32.0 | We're going to start with the IPO of the day. |
| 0:35.2 | And not just any IPO, ladies and gentlemen, the most valuable public company in the world |
| 0:41.5 | is now available for your investment dollars. |
| 0:44.3 | Saudi Aramco went public, closed up 10% on the IPO at a U.S. equivalent of more than $9 a share, and the market cap for Saudi Aramco is now somewhere in the neighborhood |
| 0:58.4 | of $1.8 trillion. |
| 1:01.3 | So for all the talk that we've done about Apple being a trillion dollar company and |
| 1:06.8 | Microsoft they are very much in the rearview mirror in terms of market cap. |
| 1:14.0 | Yeah, and it'll be interesting to see perhaps how this stock plays out over time. |
| 1:21.6 | Of course, it's being supported at the moment by you know behind the |
| 1:25.8 | scenes support from those that want to keep in favor with the the government and Royal Family, which is essentially |
| 1:35.3 | every business in Saudi Arabia, is kind of obligated to be on a partial owner of these shares I think. |
| 1:44.0 | I mean obligated or it's like yeah this is this is a no-brainer. |
| 1:48.0 | We're not saying you have to but come on what do you? |
| 1:51.0 | It's kind of like booking a hotel room at the Trump Hotel, you know? |
... |
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