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Motley Fool Hidden Gems Investing

Does Spotify Have A Moat?

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 17 August 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

Big Retail Earnings Week continues with the latest results from Target and Lowe's. (0:21) Asit Sharma discusses: - Target's 2nd-quarter profit falling nearly 90% compared to last year - Silver linings within Target's results - Lowe's posting a quintessential "mixed" quarter - CEO Marvin Ellison's steady leadership (11:05) Does Spotify have a moat against Apple? Travis Hoium joins Ricky Mulvey for a "medium dive" on the streaming audio business. Our annual investing conference is free for Motley Fool members and just 12 days away! For more details go to http://Fool.com/FoolFest. Stocks mentioned: TGT, LOW, SPOT, AAPL, AMZN Host: Chris Hill Guest: Asit Sharma, Travis Hoium Producer: Ricky Mulvey Engineer: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We've got more retail earnings and a closer look at Spotify.

0:08.5

Motley Fool Money starts now.

0:12.8

I'm Chris Hill joining me today, Motley Fool Senior Analyst, Asad Sharma.

0:24.3

Good to see you.

0:26.7

Chris, good to see you.

0:28.2

It's been a little while.

0:30.7

Yeah, you know, I took some time off.

0:33.4

And I think you did too.

0:34.6

So it's good.

0:36.1

We're both refreshed.

0:37.6

Yes, batteries recharged.

0:39.6

Let's continue with the theme of the week, which is retail.

0:42.2

And anyone who claims to be surprised by Target's second quarter results probably hasn't

0:47.5

been paying attention the last couple of months.

0:50.4

Profit was down nearly 90% year over year as Target cleared out inventory.

0:56.1

The imagery level is still pretty high, but the CEO Brian Cornell says it's a much better

1:02.2

mix of inventory.

1:04.4

I don't know.

1:05.4

I said, we talk all the time about taking the long-term view.

1:09.4

It seems like that is exactly what Cornell is doing.

1:13.0

When you see what they did with clearing out their inventory, taking the short-term hit,

1:17.8

he's very clear-eyed about what they are trying to pull off here.

...

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