4.7 • 1.7K Ratings
🗓️ 10 June 2021
⏱️ 19 minutes
🧾️ Download transcript
RH pops 15% after a huge 1st-quarter report comes with raising full-year guidance. ServiceNow gets an upgrade from Goldman Sachs. Asit Sharma analyzes those stories, plus we dip into the Fool Mailbag to talk about how long new investors should give themselves to decide if stock-picking is right for them.
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0:00.0 | It's Thursday, June 10th. |
0:04.2 | Welcome to Marketfoolery. |
0:05.2 | I'm Chris Hale with me today. |
0:06.5 | Asad Sharma. |
0:07.5 | Good to see you. |
0:08.5 | Good to see you, Chris. |
0:10.2 | So happy to be here once again. |
0:12.0 | We're going to talk time horizons for new investors. |
0:15.4 | We're going to talk enterprise software, but we're going to start with furniture. |
0:20.2 | Our H, which is the home furnishings retailer, formerly known as Restoration Hardware, out |
0:25.5 | with a monster first quarter report, profits in revenue higher than expected. |
0:30.0 | They raised full-year guidance and shares of our HR of 15 percent. |
0:34.2 | Holy cow. |
0:35.2 | Yeah. |
0:36.2 | You know Restoration Hardware is one of those companies, Chris, that I keep. |
0:39.7 | It's like waking up from a dream. |
0:41.4 | I keep wondering why I haven't looked more closely at the business. |
0:45.7 | They have been on a relentless tear for several years, judging by stock price alone. |
0:50.7 | But some other factors behind that performance as well, which we can get to. |
0:55.2 | Let's talk a little bit about this first quarter, though. |
0:58.4 | Net revenues increased 78 percent to 861 million. |
1:02.7 | Of course, we have to remember that this time last year, the company was seeing a much |
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