Economic Hurricane? Just Keep Buying

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 3 June 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Microsoft lowered guidance, Elon Musk has a “super bad feeling” about the economy, and Jamie Dimon warned investors that a hurricane is coming. (0:30) Jason Moser and Ron Gross discuss:
- Why short-term trading in and out of the market is NOT the answer

- Okta’s strong results and optimism for the rest of the fiscal year

- Lululemon’s online sales growth

- Ford Motor CEO Jim Farley’s comments on plans for the electric vehicles

- The latest from Chewy and Salesforce

(19:00) Nick Maggiulli, COO of Ritholtz Wealth Management, discusses insights from his book “Just Keep Buying: Proven Ways to Save Money and Build Your Wealth”, why it’s important to splurge, the data behind retirement savings, and much more. For a copy of his book click here - https://www.amazon.com/gp/product/0857199250

(35:30) Jason and Ron share two stocks on their radar: Uber and Titan International.

Stocks discussed on the show: MSFT, JPM, TSLA, OKTA, LULU, CHWY, RH, CRM, F, UBER, TWI

Host: Chris Hill
Guests: Jason Moser, Ron Gross, Nick Maggiulli
Engineer: Dan Boyd

Transcript

Click on a timestamp to play from that location

0:00.0	Cybersecurity, software, automotive, retail, and more.
0:09.0	If you're an investor, you're in the right place.
0:11.6	Motivool Money starts now.
0:13.6	Everybody needs money.
0:30.0	That's why they call it money.
0:39.1	From fool global headquarters, this is Motley Fool Money.
0:42.3	I'm Chris Ellin.
0:44.3	I'm John.
0:45.3	I'm Ross.
0:46.3	Good to see you.
0:47.3	We've got the latest headlines from Wall Street.
0:52.3	Nick Majuli from Rittholtz.
0:54.3	We've got a couple of stocks on our radar.
0:58.3	We begin with the weekend guidance.
1:01.3	On Thursday, Microsoft officially cut their guidance for the current quarter, citing the impact
1:06.4	of foreign exchange rates.
1:17.4	After telling executives at his company that he expects them to be in the office five
1:24.6	days a week, CEO Elon Musk said he has, quote, a super bad feeling about the economy and
1:31.5	plans to cut 10% of the jobs at Tesla.
1:35.5	Let me start with you because we got the monthly jobs report Friday morning.
1:40.0	I think that's an important data point.
1:42.5	But increasingly, I find myself paying more attention to what large companies are saying
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.