Holiday Spending Preview

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4.7 • 1.7K Ratings

🗓️ 15 November 2021

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Oatly falls well below its IPO price on revenue challenges. WeWork issues its first report as a public company. Mastercard’s predictions for holiday spending next week include big expectations for luxury goods and apparel. Jason Moser analyzes those stories and shares why he thinks physical store retail (and related REITs) will be worth watching.

Transcript

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0:00.0	It's Monday and November 15th, welcome to Marketfoolery, I'm Chris L. with me today, Jason
0:07.8	Moser.
0:08.8	Good to see you.
0:09.8	Hey.
0:10.8	Good to see you.
0:11.8	We've got a preview of holiday spending.
0:14.1	We've got WeWorks first report card, but we're going to begin with the business of fake
0:19.9	beverages.
0:21.4	Oatley, the company built on the process of using oats to create milk, lost less money
0:27.6	in the third quarter than Wall Street was expecting, but overall revenue was light.
0:32.2	Guidance for the full fiscal year was lower than expected.
0:35.4	Shares of Oatley are down nearly 20% today, and this is a company that went public back
0:42.6	in May, and the stock has basically been cut in half from where it was on the first
0:48.6	day of trading.
0:49.6	Yeah.
0:50.6	Yeah.
0:51.6	I mean, it certainly seems reasonable to reaction today.
0:55.8	You know, it wasn't what a bad quarter.
0:57.7	I mean, if you look at the numbers, I mean, they brought in $171.1 million, it was up almost
1:03.8	50% from a year ago, but the revised guidance, I think, is what really has the market sour,
1:13.0	so to speak on the company today.
1:14.2	They guided down from 690 million, just a quarter ago.
	...

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