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MarketFoolery

“Let’s talk about GameStop.”

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 26 January 2021

⏱️ 18 minutes

🧾️ Download transcript

Summary

3M wraps up the fiscal year with better-than-expected profits. Pepsi teams up with Beyond Meat, sending shares of the latter up 20%. Jim Gillies analyzes those stories and discusses the escalating battle between retail investors and short-sellers over shares of GameStop.

Transcript

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0:00.0

It's Tuesday January 26th.

0:04.0

Welcome to Market Foolery.

0:05.0

I'm Chris Hill with me today from the Great White North.

0:08.0

It's Jim Gillies.

0:09.0

Good to see you, my friend.

0:10.0

Good to be seen, Chris.

0:12.0

And yeah, it really is a Great white north this morning it's hard to see across the street from where I am

0:18.4

We're gonna talk about game stop today. We have a new partnership we're going to discuss, but we are going to start with

0:25.4

Minnesota mining and manufacturing, better known as 3M, which 3M is wrapping up the fiscal year in style. Fourth quarter profits came in higher than expected.

0:36.0

Shares are up 3 to 4 percent today. Although that makes shares of 3M flat for the past 12 months and considering they make

0:45.8

respirators and n95 masks among other things I kind of thought they'd be doing

0:50.3

better at this point. Well, so 3M, which is a long favorite company of mind just to kind of stake my, where I sit. I don't own it presently, unless you via index funds but 3M is more than just

1:08.1

N95 mass or other mass or things that will have profited from COVID in the pandemic.

1:15.0

They got something like 40 core technologies that they deploy into like tens of thousands of products so like there's

1:23.0

abrasives. One of my favorite examples is they have an adhesive's division and

1:27.3

see here if he adhesives well that that makes the the sticky stuff on the

1:32.1

back of the iconic Post-it note, right?

1:34.4

That's a product of their Adhesives Technology Division. But Adhesives also

1:41.1

produces certain products that are basically,

1:44.0

they're basically strong enough to meld parts together

1:48.1

that go into aircraft structures.

1:50.2

So it's the same basic core technology, but two very different and I'm always like well I hope they don't mix those two up

...

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