Holiday Spirit and Animal Spirits

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 28 November 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

With Cyber Monday and Black Friday results in the bag, it’s looking like it might be a better fourth quarter for retailers and e-commerce than we originally thought. (00:21) Asit Sharma and Dylan Lewis discuss: - Early Cyber Monday results and why consumer spend isn’t slowing down quite yet. - News that Chinese fast fashion company Shein will likely be coming public in 2024. - How Weight Watchers is adjusting its strategy to incorporate weight loss drugs. (15:26) Alison Southwick and Robert Brokamp answer listener questions about letting winning stocks run, the early days of your personal finance journey, open enrollment options, and filling your portfolio with treasuries. Companies discussed: WW, NVDA, MSFT, APPL Host: Dylan Lewis Guests: Asit Sharma, Alison Southwick, Robert Brokamp Engineers: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Results are in and cyber Monday continues to reign supreme.
0:07.0	Motley Full Money starts now. I'm Dylan Lewis and I'm joined over the airwaves by Motley Fool analyst
0:24.0	Osset Sharma.
0:25.0	Osset, thanks for joining me.
0:26.0	Dylan, thank you for having me.
0:28.0	We've got a look at Cyber Monday activity,
0:31.0	a new name in retail that'll be hitting the public markets in 2024, and a company
0:35.3	that is shifting its view on the weight loss drugs.
0:38.3	Osset, tis the season, let's get started with the Cyber Monday reactions.
0:42.6	We have some updated data now that Cyber Monday is in the books.
0:45.3	Consumers spent over $12 billion on Cyber Monday,
0:48.5	according to Adobe Analytics, up almost 10% year over year. And I've been warned for a while
0:54.0	that we're going to see some weakness in consumer spending.
0:57.0	It does not seem to be showing up here.
0:59.0	What gives?
1:00.0	Two words, Dylan.
1:01.0	Animal Spirits.
1:02.0	That's of course a favorite term of economists to describe an
1:06.7	economy which is moving along because people have a propensity to expand or consumers to spend and we've been seeing
1:15.2	that all year. The Bloomberg columnist John authors had a pretty insightful
1:20.4	analysis of the situation a few days ago.
1:24.1	He pointed out that all across the world consumers have been reluctant to spend.
	...

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