Did We Just Hit The Bottom?

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 10 November 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

A lower-than-expected CPI number sent stocks soaring. (0:21) Jim Gillies discusses: - Why he believes the reaction on Wall Street could signal a bottom for stocks - Bumble benefitting from today's market rise - How, after a "busted IPO, Bumble appears to be a real business trading at a more reasonable price (15:47) Jeremy Bowman talks with GitLab CFO Brian Robins about how his company is helping other companies develop software, and the trade-off between growth and profitability. Companies discussed: BMBL, MTCH, GTLB Host: Chris Hill Guests: Jim Gillies, Jeremy Bowman, Brian Robins Producer: Ricky Mulvey Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Do you ever have one of those days when every traffic light you hit is green?
0:09.8	It's kind of like that only for investing.
0:12.1	About the full money starts now.
0:13.8	I'm Chris Hill, joining me from the great white north, Mr. Jim Gillies.
0:25.7	Thanks for being here.
0:26.7	Thanks for the invite.
0:28.5	It's not very white this morning.
0:30.4	We're still in the last rows of autumn, so where I am at least, the snow's coming.
0:37.0	It's already landed in Alberta, but here it's a very nice day, Chris.
0:40.4	You know where else it's a nice day on Wall Street?
0:43.2	I'm just going to say practically everywhere I've all street.
0:46.3	It's a great day for investors because the consumer price index rose just 0.4% for
0:53.1	the month, 7.7% for the past 12 months.
0:57.0	Both those numbers lower than expected.
0:59.6	And investors are having a party, Jim.
1:02.2	The S&P 500 is up 4%.
1:04.6	The NASDAQ is up nearly 6%.
1:10.2	We were chatting before we started recording.
1:13.7	You think this could be a sign?
1:16.0	I absolutely think this could be a sign.
1:18.0	Well, anything could be a sign, but yes, I do think this is a sign.
1:22.3	This is what I mean, we are going to fly the risk on banner, right?
	...

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