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Motley Fool Hidden Gems Investing

Market Rebounds and Disney Reopenings

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 29 May 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

The total number of unemployment claims climbs above 40 million. Costco slips on earnings. Salesforce sells off. Dollar Tree and Dollar General rise on strong growth. Williams-Sonoma serves up a surprise. And Hertz Global files for Chapter 11. Motley Fool analysts Ron Gross and Jason Moser discuss those stories, weigh in on the latest from Ulta Beauty, and share two stocks on their radar: Intercontinental Exchange and Bill.com. And we talk with Motley Fool contributor Rick Munarriz about Disney World's reopening, HBO Max, and the streaming wars.   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. It's the Motley Fool Money

0:20.3

radio show. I'm Chris Hill joining me this week. Jason Moser and Ron Gross. Good to

0:24.4

see you, gentlemen. Hey, Chris. We've got the latest headlines from Wall Street. We will

0:29.1

dig into the entertainment industry. And as always, we've got a couple of stocks on our

0:33.1

radar. But we begin with the market writ large in a week where the unemployment number hit

0:41.1

40 million over the past 10 weeks. Ron Gross, we also have the S&P 500 basically where

0:49.7

it was seven months ago when unemployment was so much lower. Back in late October, that

0:57.2

was an all time high for the market. S&P 500 still down about 7% year to date. But I continue

1:05.8

to be surprised and a little bit confused by how well the market is doing.

1:10.5

Yes. Don't throw from kind of getting closer to even. That's actually up. Conventional

1:16.9

wisdom at December 31st said the market was overvalued at about 23 times earnings. That

1:21.2

was when we had a stark low unemployment and earnings that were really solid. Now we

1:25.6

have not that and the markets were getting back to where we were there. So there's a lot

1:30.3

of folks that are concerned that a market has gotten ahead of itself. Even I love the

1:34.6

optimism of hoping a vaccine comes and hoping we get back to business. But we're not going

1:40.7

to get back to the levels we saw at December 31st anytime soon. So for the market to be approaching

1:46.9

those levels seems to me that it's getting a bit ahead of itself. And I hope I'm wrong

1:52.4

because I love when the market goes up. Jason, what about you?

1:56.9

Well, I mean, yeah, we we fell really far really quickly, right? And we've certainly gained

2:02.3

some of that ground back. I mean, I think neurons right? And then probably generally speaking

2:06.4

a pretty glass half full attitude out there today in that there is, you know, at some point

...

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