Let It Snow!

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 18 September 2020

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Snowflake dazzles with the biggest software IPO ever. Adobe reports record revenue. Lennar Corp raises the roof with big earnings. Nvidia makes a $40 billion buy. Telehealth company AmWell makes its debut on Wall Street. FedEx hits a new all-time high. Dave & Buster’s declines on bankruptcy concerns. And the nation prepares for a Peeps-free Halloween. Motley Fool analysts Andy Cross and Jason Moser discuss those stories and share a couple of stocks on their radar: Nike and Freshpet. Plus, award-winning personal finance expert Laura Adams offers helpful tips for anyone starting a business and shares other insights from her new book, Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Everybody needs money. That's why they call it money.
0:07.0	From full global headquarters, this is Motley Fool Money.
0:10.0	It's the Motley Fool Money Radio Show. I'm Chris Hill joining me this week.
0:22.0	Jason Moser and Andy Cross. Good to see you, gentlemen.
0:25.0	Hey, Chris. Hey, Jason.
0:27.0	We've got the latest headlines from Wall Street, Money Expert.
0:30.0	Laura Adams is our guest and as always, we have a couple of stocks on our radar.
0:34.0	But we begin with the biggest software IPO ever.
0:38.0	Snowflake, a cloud software business, when public on Wednesday, at $120 a share.
0:44.0	And by the end of the day, it closed at $255 a share.
0:49.0	Jason Snowflake has immediately become a $60 billion company.
0:54.0	So you tell me on the spectrum of this makes sense to this is crazy.
1:00.0	Where is Snowflake right now?
1:02.0	Man, that's a tough one. Let's just start with the Snowflake has a lot going for it.
1:07.0	I'm going to try to be as glass half full here as I can.
1:10.0	I mean, it holds tremendous mind share in its market as a quality offering,
1:14.0	the native cloud architecture the business was built on, the multi-cloud strategy as ideal,
1:19.0	operational simplicity, customers are happy using it.
1:22.0	That said, this is not a buy at any price business in my opinion.
1:26.0	And so maybe it's more towards the crazy side of the spectrum.
1:30.0	I would say it's certainly unbridled enthusiasm maybe.
1:34.0	It's in the business of cloud database management systems.
	...

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