Earnings Preview: Home Depot

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4.7 • 1.7K Ratings

🗓️ 16 August 2021

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sonos shares pop 10% after an International Trade Commission judge rules Google infringed on some of the company’s audio technology patents. SoFi falls 15% after its 2^nd-quarter report, but is it a buying opportunity? Jason Moser analyzes those stories and offers a preview of Tuesday mornings earnings report from Home Depot.

Transcript

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0:00.0	It's Monday, August 16th.
0:04.0	Welcome to Marketfoolery.
0:05.4	I'm Chris Hill with me today.
0:07.4	Mr. Jason Moser.
0:08.4	Good to see you.
0:09.4	Happy Monday.
0:10.4	Good to see you.
0:11.4	Happy Monday indeed.
0:12.9	Earning season rolls on.
0:14.7	We've got Fintech.
0:16.2	We've got home improvement.
0:17.2	We're actually going to start with some news from the home entertainment industry.
0:22.0	Shares of Sonos up nearly 10% today.
0:25.0	This is the high end speaker company.
0:27.4	This was not an earnings win for Sonos.
0:29.8	This was a legal win.
0:31.4	They are in a courtroom battle with Google and an international trade commission judge
0:39.1	ruled that Google has infringed on some of Sonos audio technology patents.
0:47.8	I guess if you're a shareholder of Sonos, you don't care where the win comes from, but
0:52.6	it's always interesting to me when this type of thing happens, where it's not the business
0:58.4	got better.
0:59.4	Although maybe it did.
	...

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