Buffett’s Latest Trades
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 18 May 2021
⏱️ 22 minutes
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Summary
Walmart’s same-store sales in the 1st quarter rose 6%. That was just one of the highlights from a strong report. Home Depot’s revenue in the 1st quarter rose 33%, but shares fell slight in part due to lack of guidance. Twilio shares rise after it buys Zipwhip for $850 million and cash and stock. Asit Sharma analyzes those stories, as well as the highlights from Berkshire-Hathaway’s latest round of buying (Verizon, Kroger) and selling (Chevron, Wells Fargo).
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Transcript
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| 0:00.0 | It's Tuesday, May 18th, welcome to Marketfoolery. |
| 0:05.1 | I'm Chris Hill with me today, Asa Sharma, back in the house. |
| 0:08.5 | Good to see you. |
| 0:09.5 | Good to see you, Chris, always happy to be here on Marketfoolery. |
| 0:13.9 | We've got Warren Buffett and his team doing a little buying and selling. |
| 0:17.3 | We have another acquisition in the tech world, but we are going to start with some earnings |
| 0:22.6 | and no bigger company to start with than Walmart. |
| 0:26.0 | First quarter profits in revenue came in higher than expected. |
| 0:28.4 | They raised guidance for the full fiscal year. |
| 0:32.0 | Same store sales in the US were up 6%, which doesn't sound like a lot, but you think about |
| 0:36.6 | this quarter a year ago, that was when people were doing all kinds of hoarding. |
| 0:42.4 | So, this was a great quarter for Walmart and the stock up 2-3% this morning. |
| 0:49.7 | This was a strong quarter. |
| 0:51.7 | Every segment performed well, actually I'm quoting from Doug McMillan, the CEO, that |
| 0:57.8 | was his lead statement in his commentary today, but it was a strong quarter. |
| 1:02.6 | I was going to say he's not wrong. |
| 1:04.1 | He's not wrong. |
| 1:05.1 | Every segment did perform well. |
| 1:07.6 | They had revenue increase about 2.7%, which for Walmart, when your revenue is 138 billion, |
| 1:15.5 | and you're just trying to grab a percent or two on the bottom line, which will translate |
| 1:19.2 | into huge dollars, that's not bad. |
| 1:22.7 | This is 6%, so these are US quarter one comparable sales, a year over sales, versus last year. |
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