4.6 • 854 Ratings
🗓️ 3 August 2021
⏱️ 45 minutes
🧾️ Download transcript
Last week proved to be a week of reckoning for many consumer-facing brands, including Boston Beer and Pinterest who each saw their stocks cut by a quarter after weaker-than-expected earnings reports. Has the market overreacted to these stock market darlings? Or was their decline on lofty valuations inevitable? Join Motley Fool analysts Asit Sharma and Emily Flippen as they discuss.
Stocks: Boston Beer (SAM), Constellation Brands (STZ), Pinterest (PINS), Upwork (UPWK)
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| 0:00.0 | Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day. |
| 0:11.0 | I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seidphle. I'm Dylan |
| 0:15.0 | Lewis. And today we're talking financials. Today we're talking consumer |
| 0:18.7 | goods. Wild Card Wednesday. And we're talking energy. And today we're talking tech. Let's dive in. |
| 0:26.6 | Welcome to Industry Focus. Today is Tuesday, August 3rd and I'm the host of this episode, Emily Flippin. |
| 0:31.8 | Today I'm joined by Motley Fool's senior analyst, |
| 0:34.4 | Austin Sharma, as we do just a Motley collection |
| 0:37.5 | of earnings reports and dives into some |
| 0:40.0 | of our favorite consumer goods companies |
| 0:42.1 | that have reported over the past couple of weeks. |
| 0:44.5 | Awesome, thank you so much for joining. |
| 0:46.3 | Emily, thanks so much for having me. |
| 0:48.7 | At that time of year, we're starting to get bombarded with more and more earnings reports. So this is always a fun conversation to have. |
| 0:56.5 | I selfishly wanted to talk about in particular, I guess some of the news around Hard Seltzer because seeing the earnings report from Boston Beer Company, |
| 1:06.3 | Sam Adams as people may be more familiar with it, as well as from Constellation Brands has me thinking so much about that industry. |
| 1:14.0 | I don't know what we're going to title this episode though because I know that we're going to |
| 1:17.4 | talk a bit about, you know, beer sales, hard seltzer sales, but I think we're also going to talk some Pinterest, some upwork even, so we have just a weird collection I guess of businesses, but it should be fun regardless. |
| 1:31.0 | By the time we finish, there's going to be a theme that emerges from our collective |
| 1:35.6 | subconscious so that we can title this episode before it goes up on all the great outlets where you can find industry focus. |
| 1:45.0 | Emily, I want to say really quickly, I have been on a seltzer run lately, but not |
| 1:51.2 | hard seltzer. We've been drinking a lot of gosh topochico |
| 1:57.1 | Perrier geral steiner and some flavored seltzers as well. I used to laugh at my friends who consumed |
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