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MarketFoolery

Earnings Preview: 2 Stocks We’re Watching

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 8 July 2015

⏱️ 16 minutes

🧾️ Download transcript

Summary

The Container Store rises on better-than-expected 1st-quarter results. A systems error grounds every flight United Airlines has around the globe. Plus, the analysts share why they’re keeping a close watch on Baidu and Amazon this earnings season.

Transcript

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0:00.0

It's Wednesday, July 8th. Welcome to Mark Flory. I'm Chris Hill joining me in studio today

0:06.0

for Molly full one, Mark Wreath, and for Molly Fool rule breakers and supernova Aaron Bush.

0:10.8

Happy Wednesday, gentlemen.

0:11.9

Who! Happy Wednesday. It's not a happy Wednesday for everybody.

0:15.0

It's not a happy Wednesday if you happen to have an airline ticket to fly United.

0:21.6

We will get into that. We will continue our earnings preview. But let's

0:27.1

start with the container store, which reported a loss. A five million dollars right not a good thing the loss for the first quarter and yet

0:37.8

that was still better than expected shares are up something like 8% right now. Yeah the container store it had a 5.2

0:45.0

million dollar loss that's 11 cents per share that's well below the 3.6

0:50.4

million loss it had last year for the same quarter and yet shares are doing pretty good.

0:56.0

The reason for that is, there are a couple different reasons.

0:59.1

I think a lot of the shareholders right now see a lot of positivity for container store's future.

1:04.0

Kib Tindall, the CEO of the container store, and a friend of the fool has come out and

1:08.0

said that 2015 is very much an investment year for the container store. It has a whole bunch of these new

1:14.3

initiatives this year. It's got this at home organization service. It has a customized closet

1:19.4

program, a frequent buyer program, all these different things that are coming down the line and

1:26.4

in the next couple of months could be a big wins for the container store.

1:30.0

I think that's what people are focusing on right now even though the company lost money

1:34.3

this quarter even though sales were down 1% net sales were down 2.1% that's not too shabby at the

1:41.5

end of the day I think people are trying to stay

1:44.4

positive and look towards the future for the container store and frankly I'm

1:48.1

a little positive about the container store right now.

...

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