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MarketFoolery

Good Riddance, Q1

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 31 March 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

Today wraps up the worst quarter for the stock market since 1987. Bill Barker analyzes the latest results from ConAgra Brands, Domino’s withdrawing guidance, and Yum Brands raising cash. Plus, we discuss how Hollywood studios are delaying more summer blockbuster movies. (Tangents include the relative good looks of Robert Redford and Paul Newman, and whether British American Tobacco needs to rebrand.)

Transcript

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0:00.0

It's Tuesday, March 31st.

0:04.6

Welcome to Market Foolry.

0:06.0

I'm Chris Hill.

0:07.2

Joining me today, Bill Barker.

0:09.4

Thanks for being here.

0:10.8

Thanks for having me.

0:12.2

And by here, I mean your home because obviously we're social distancing and all of that.

0:17.0

At some point I'll just stop telling people, you know, because I think we're going to be doing this for a while, so this seems as good as any to any to just say yeah we're because it's the last

0:26.6

day of the quarter we're wrapping up Q1 and it is the worst quarter since 1987. So good riddens Q1.

0:37.0

Yeah, not a lot of fun out there.

0:40.0

And next quarter promises in many ways to be even worse.

0:44.2

So we got that going for us.

0:45.6

You're saying that 90 days from now, I'm going to be saying,

0:50.4

it's the last day of Q2 and it's the worst quarter since the last one we just had?

0:55.0

Well, not in terms of the movement of stock prices.

0:58.0

I don't expect it to out-dual this quarter for the price of stocks, but I think there are other categories in

1:05.2

which the Q1 is expected to be worse and that's why the stock market is down so

1:10.4

much is it is a mechanism for looking forward and the near term looks very

1:17.8

challenging second quarter numbers projections or you know to call it sort of GDP off 15%. I can find plenty of people to estimate

1:28.0

it's going to be worse than that and some that estimate it will be around there a little better but you know pencil that

1:35.2

one in for the moment. Well let's get to some of the news today and it's it's a

1:41.6

lot of food news today starting first and foremost with Con Agra

...

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