Fintech’s New Star and Stocks We Just Bought
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 7 April 2021
⏱️ 23 minutes
🧾️ Download transcript
Summary
Jamie Dimon’s annual letter to shareholders shows just how bullish he is on the U.S. economy. Plaid’s latest fundraising round points to a valuation of more than $13 billion. Andy Cross analyzes those stories, plus we dip into the Fool Mailbag to consider the relative attractiveness of value stocks and discuss some stocks we bought recently.
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Transcript
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| 0:00.0 | It's Wednesday, April 7th. |
| 0:04.3 | Welcome to Marketfoolery. |
| 0:05.8 | I'm Chris Hill. |
| 0:06.8 | With me today, the Chief Investment Officer, Andy Cross. |
| 0:09.6 | Thanks for being here. |
| 0:10.6 | Hey, thanks, Chris. |
| 0:11.6 | Thanks for having me. |
| 0:12.6 | It's always a pleasure to be back on Marketfoolery. |
| 0:14.4 | We have FinTech news. |
| 0:16.1 | We're going to talk about the last stocks that you and I purchased. |
| 0:20.9 | But we're going to start today with a letter from Mr. Diamond. |
| 0:23.9 | JP Morgan Chase, Chairman and CEO Jamie Diamond is out with his annual letter to shareholders. |
| 0:29.8 | A lot of things in the letter, this is a very long letter, but the headline, I think it's |
| 0:35.9 | fair to say, Andy, that the headline is, Jamie Diamond is very bullish on the U.S. economy |
| 0:44.0 | for the next few years. |
| 0:46.3 | He went so far as to basically spell out, and I'm quoting here, I have little doubt that |
| 0:54.0 | with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential |
| 1:01.7 | infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, |
| 1:07.1 | the U.S. economy will likely boom. |
| 1:10.2 | This boom could easily run into 2023 because all the spending could extend well into 2023. |
| 1:15.2 | Yeah, I think that was a little bit different theme than he was talking last year, where |
| 1:19.4 | he was much more pessimistic, talking about the impact of the COVID pandemic, the quarantines, |
... |
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