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Motley Fool Hidden Gems Investing

Consumer Spending is Tightening Up… Kind Of

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 2 June 2023

⏱️ 39 minutes

🧾️ Download transcript

Summary

Americans are thinking twice before pulling out their wallets, but it’s not affecting retailers equally.  (00:21) Ron Gross and Emily Flippen discuss: - The debt ceiling resolution, and updates on employment and consumer debt. - Why Chewy and Five Below continue to see strong results while other retailers are seeing consumer spending slow down. -  The numbers behind MongoDB’s blowout earnings release. (19:11) Scott Kassing talks through three high-conviction stock ideas with Sandhill Investment Management’s Richard Ryskalczyk. (32:49) Emily and Ron discuss Lululemon’s strong earnings report and two stocks on their radar: Compass Minerals and Veeva Systems. Stocks discussed: M, CHWY, FIVE, DG, MDB, LULU, CMP, VEEV Host: Dylan Lewis Guests: Emily Flippen, Ron Gross, Richard Ryskalczyk, Scott Kassing Engineer: Dan Boyd, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We've got plenty of news on the big picture and where consumer spend is and isn't going.

0:09.5

You're listening to Motley Full Money.

0:25.7

Everybody needs money.

0:27.8

That's why they call it money.

0:30.0

The best thing in life are free, but you can get them to the present.

0:36.8

From full global headquarters, this is Motley Full Money.

0:40.2

It's the Motley Full Money radio show.

0:41.7

I'm Dylan Lewis joining me in studio, Motley Full Senior Analysts, Emily Flippin and Ron Gross.

0:46.6

Great to have you both here. How you doing, Dylan?

0:48.8

Hey.

0:49.6

We've got stock ideas and some earning surprises, but we're kicking off with the big macro.

0:54.4

We've got the debt ceiling deal, a fresh jobs report, and an update on consumer debt.

0:58.8

Ron, where do you want to start?

1:00.0

Let's go to the debt ceiling because I think it's on everyone's mind.

1:03.6

And I'll say few.

1:05.6

Few. How about that?

1:07.2

Yeah, we got it done.

1:08.4

I honestly didn't think it was in jeopardy of not getting done, although there were

1:13.4

few days here and there where it seems like our politicians might not be able to come together.

1:19.6

But I mean, it was literally a necessity.

1:22.6

So when something is literally a necessity, I think it's fair to bet on that happening.

1:28.4

It was a compromise as most things in politics are that's fine, some give and take.

...

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