Earnings, Eggnog, and Year-End Financial Advice
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 20 December 2019
⏱️ 40 minutes
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| 0:00.0 | Thanks to Quip for supporting this week's Motley Fool Money, |
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| 0:15.7 | Everybody needs money. That's why they call it money. |
| 0:31.6 | From Fool Global Headquarters, this is Motley Fool Money. |
| 0:35.0 | It's the Motley Fool Money Radio Show. I'm Chris Hill, joining me in studio this week's |
| 0:38.0 | senior analyst Jason Moser and Ron Gross. Good to see you as always gentlemen. |
| 0:42.1 | We've got the latest earnings from Wall Street, retirement expert Robert Brokecamp has got some |
| 0:46.7 | year-end money tips and as always we're giving an inside look at the stocks on our radar. |
| 0:50.6 | But we begin with sports retail. Nike's second quarter profits in revenue came in higher than |
| 0:55.7 | expected and Nike's Jordan brand had its first ever billion dollar quarter and despite all that |
| 1:02.6 | run, all that goodness shares of Nike down a little bit on Friday. |
| 1:06.7 | You know, Nike almost always beats expectations but the stocks still sells off about a third of the |
| 1:12.4 | time. So you never know. But this was a solid quarter. 10% up sales despite tariff headwinds, |
| 1:18.4 | North America up 5% greater China which is the fastest growing from market for Nike up 20%. |
| 1:25.3 | So they're really doing a nice job. Direct sales up 17% net income up 32%. Is that enough numbers for |
| 1:32.2 | you? The company is really executing quite well and they've done a really nice job of growing |
| 1:38.9 | that direct to consumer business which was a very important part of their kind of new strategy. |
| 1:44.4 | So are we, I mean we're a couple of years removed from sports authority declaring bankruptcy |
| 1:50.3 | and the ripple effect of that. It seems like at least for Nike anyway they're free and clear of |
| 1:57.3 | any damage from that. Oh, I think so. I mean they've been investing in this direct consumer |
| 2:01.6 | business for quite some time. I mean underarmour has to I tell you the other company that really |
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