GM’s Cost Controls, Match Group’s “Summer of Love”

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4.7 • 1.7K Ratings

🗓️ 5 May 2021

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

1^st-quarter profits for General Motors set the stage for a strong fiscal year. Shares of Editas Medicine rise despite a mixed 1^st quarter. The “Call of Duty” franchise highlights Activision Blizzard’s Q1. Ron Gross analyzes those stories and weighs in on Match Group’s hope for a “summer of love” in 2021.

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Transcript

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0:00.0	It's Wednesday, May 5th.
0:04.5	Happy Cinco de Mayo.
0:05.5	Welcome to Marketfoolery.
0:06.5	I'm Chris Hill.
0:07.8	With me today, the one and only Ron Gross.
0:10.2	Thanks for being here.
0:11.2	Hey, Chris.
0:12.2	Good to be here always.
0:14.0	We have earnings from the following industries, video games, gene editing and dating.
0:22.1	Which is quite a buffet.
0:24.2	Where does the thread go?
0:25.9	Yeah.
0:26.9	The thread is earnings.
0:27.9	That's the only thread.
0:29.4	We're actually going to start with automotive because general motors, first quarter profits
0:34.0	came in much higher than expected.
0:37.4	And there are a lot of different ways we can go here, Ron.
0:40.5	But here's the thing I'm the most curious about.
0:44.0	Because one of the things, Mary Barra, the CEO at GM talked about was the impact of
0:49.8	the chip shortage.
0:51.7	And we've talked on this show before about how many different industries are affected
0:56.0	by the chip shortage and automotive is certainly on that list.
	...

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