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MarketFoolery

Delta Improves, GameStop Doubles (In One Week)

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 14 January 2021

⏱️ 15 minutes

🧾️ Download transcript

Summary

Delta Air Lines wraps up the worst fiscal year in its history. Nordstrom struggles as holiday same-store sales fall more than 20%. Maria Gallagher analyzes those stories and delves into how and why GameStop’s stock has doubled in just one week.

Transcript

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0:00.0

It's Thursday, January 14th.

0:04.0

Welcome to Market Foolery.

0:05.0

I'm Chris Hill with me today from the financial capital of the United States of America.

0:10.0

It's Maria Gallagher.

0:12.0

Good to see you. Good to see you.

0:13.0

Nice to see you too.

0:14.0

We have got another piece of the holiday retail puzzle.

0:19.0

We're going to get to that.

0:20.0

We're going to get to a stock that has doubled in the past week, but we're going to get to a stock that has doubled in the past week but we're

0:24.6

going to start with airlines specifically delta wrapping up the worst fiscal

0:30.9

year in the company's history. Fourth quarter revenue was

0:33.9

65% lower than a year ago. I suppose if you're looking for a silver lining it's

0:39.3

the fact that Delta is not burning as much cash as they had been previously.

0:45.8

Certainly there's a little bit of optimism

0:47.6

because shares of Delta up about 4% this morning.

0:51.6

Yeah, Delta actually, while it was a terrible year. percent this

0:55.0

quarter was better than expected.

0:58.0

So the total revenue was 3.97 billion versus an expected

1:02.0

3.97 billion versus an expected 3.6 billion and like you said that's down about

1:04.7

65% and their cash burn average 12 million dollars a day whereas in quarter

1:11.2

three it averaged about $24 million a day.

1:13.9

So they cut that cash burn in half.

...

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