High-Velocity Market Propels Zillow
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 11 February 2021
⏱️ 16 minutes
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Summary
Zillow pops 16% on a strong 4th-quarter report and a heated-up housing market. Uber loses less money in the 4th quarter than expected. Bill Mann analyzes those stories as well as the global shortage of semiconductor chips.
Transcript
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| 0:00.0 | It's Thursday, February 11th. |
| 0:04.3 | Welcome to Market Foolery. |
| 0:05.4 | I'm Chris Hill with me today, the one and only Bill Mann. |
| 0:07.8 | Good to see you, my friend. |
| 0:09.0 | How are you? |
| 0:10.4 | I'm well. |
| 0:11.4 | I am well, despite the fact that we're going to be talking |
| 0:13.5 | about a global shortage. |
| 0:15.4 | I'm not going to say a global shortage of what we will get to that |
| 0:18.0 | and we will get to the latest results from Uber. |
| 0:20.0 | But we're going to start with housing, specifically Zillow, |
| 0:23.4 | which is wrapping up its fiscal year |
| 0:25.6 | with the most profitable quarter in company history. |
| 0:28.7 | And we'll get to other things, including their guidance. |
| 0:32.2 | But I think that headline alone is part of why shares of Zillow |
| 0:36.2 | are up 16% this morning. |
| 0:38.4 | 16% on the back of what has been a really good year |
| 0:42.6 | for Zillow stock. |
| 0:43.6 | Zillow and Redfin, which isn't exactly in the same business, |
| 0:47.2 | but it's definitely in the same neighborhood. |
| 0:49.2 | They have had spectacular, spectacular years. |
| 0:52.9 | And I have to go back and I hate doing this |
... |
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