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Has Apple Found Its Next Acquisition?

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 4 August 2021

⏱️ 17 minutes

🧾️ Download transcript

Summary

Shares of CVS Health fall despite strong 2nd-quarter profits and raising guidance. Live Nation Entertainment’s 2nd-quarter results has their CEO excited for 2022 and 2023. Jason Moser analyzes those stories and discusses whether Apple’s new partnership with Affirm Holdings indicates more than just the partnership.

Transcript

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0:00.0

It's Wednesday, August 4th. Welcome to Market Foolery. I'm Chris Hill. Here's the thing

0:06.6

about August, people. It's August. People take vacations. People are moving apartments.

0:12.2

There are a lot of scheduling conflicts. And that's just context for saying I'm joined

0:16.8

today once again by Jason Moser. Thanks for reading there.

0:21.0

Well, I mean, you got to make an excuse, right? If you can't just like hit him out of the

0:25.0

blue, something to be like, well, wait a minute. Then I just hear from that guy on Monday.

0:28.0

You're bringing them again. Listen, folks. I'm sorry. You know, you get much paid for

0:33.1

here. But yeah, happy to be here as always. Chris, thanks for having me.

0:36.5

I appreciate it. And you know what? I have a conflict next week. So next next week's

0:39.8

going to be the proverbial short week on the show. We've got more earnings. We've got

0:44.5

more of the war on cash, but we're going to start in the arena of health. Second quarter

0:51.1

profits for CVS health were higher than expected. They raised their guidance for the full fiscal

0:55.4

year normally. That is the one, two punch we like to see. But shares of CVS down a little

1:02.5

bit because they are planning to increase wages for employees. And they are planning to invest

1:08.7

in more digital options for customers. And both of those are good things. And I think

1:14.6

things you would want to see if you're a shareholder. But it probably also accounts for why the

1:19.7

stock is down a little bit. Yeah, I'm glad you said that. I think you're right.

1:25.4

On the whole, I mean, this was a very good quarter, respectable quarter. But yeah, I

1:30.4

think there's some probably some near term headwinds that maybe have investors less than

1:35.8

enthused today. I mean, this hasn't been the greatest investment over the past several

1:40.6

years. I mean, it's over the past year. It's done. Okay. But you stretch that out three

1:45.7

and five years. It's just not really been the greatest investment in the world. And

...

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