Is Buffett Targeting This Bank?

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 14 March 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Just because the "Oracle of Omaha" has been quiet lately doesn't mean he isn't sizing up his next big buy.

(0:21) Bill Mann discusses:
- The latest CPI numbers and the current state of play in the banking industry
- One bank that fits the description of something Warren Buffett might be interested in
- Meta Platforms announcing another round of layoffs

(14:58) Sanmeet Deo and Tim Beyers face off against one another with stocks they believe are a better buy right now.

Companies discussed: FRC, SCHW, SIVB, PNC, META, XPOF, MNDY

Host: Chris Hill
Guests: Bill Mann, Sanmeet Deo, Tim Beyers
Producer: Ricky Mulvey
Engineers: Dan Boyd

Transcript

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0:00.0	Meta Platforms is back in the headlines and our version of March Madness continues.
0:09.9	Oddly Full Money starts now.
0:11.6	I'm Chris L. Joining me in studio.
0:23.4	Oddly Full Senior and let's Bill Mann.
0:25.4	Thanks for being here.
0:26.4	Oh, he's a delight to see you, Chris.
0:28.7	The lay eyes on you.
0:31.0	Particularly on a day when the sun is shining, at least here in Alexandria, Virginia.
0:35.6	And on Wall Street, everything is awesome.
0:38.2	Everything's up.
0:39.2	No bank failures.
0:40.5	Shares, you know, first Republic shares up big Charles Schwab bouncing back up.
0:46.2	We got the CPI number, which I think was Goldilocks.
0:51.6	Was kind of a Goldilocks number, right?
0:54.6	Number price index up 0.4% month over month, up 6% year over year.
1:00.8	So look, if you want to look at it and say, well, it's still going up.
1:05.2	You can do that if you want to say, hey, it's the slowest growth since September 2021.
1:10.1	You can do that too.
1:11.6	All we needed to do on this hillbilly pirate ship is just have a couple of banks walk
1:16.3	the plank apparently and then everything is fine.
1:21.3	Where do you think we are right now?
1:23.2	It part of me as someone who does not own shares of any of these companies, any of these
	...

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