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MarketFoolery

MarketFoolery: 03.03.2011

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 3 March 2011

⏱️ 12 minutes

🧾️ Download transcript

Summary

How are retailers like Limited Brands and Costco getting it done? Will raising money overseas help Yahoo! in the U.S.? And why should investors steer clear of the first pure-play Argentina ETF?


Transcript

Click on a timestamp to play from that location

0:00.0

It's Thursday, March 3rd, and this is Market Foolery.

0:05.0

I'm Chris Hill and joining me in studio today from Motley Full Global Gaines, Tim Hanson,

0:10.0

from Hidden Gems Charlie Travers, and from Motley Fool Asset Management, Bill Mann.

0:14.8

Guys, good to see you.

0:15.8

Hey Chris.

0:16.8

We've got a new Argentina ETF that we're all really excited about, and we've got Yahoo

0:21.5

trying to sell itself in Japan but we're going

0:24.1

to begin with retail on Thursday most of the country's retailers

0:28.3

reported better than expected same store sales for February among the big

0:32.2

winners sacks up 15%, limited up 12%, and

0:36.5

Costco up 8%. Charlie Trevor, I'll start with you. Target was even up almost 2% gap. Well you know as my mother said

0:46.4

if you can't say something nice don't say anything at all but it was down 3%.

0:50.1

But overall what was your take on the retail?

0:52.6

Oh yeah, sure, Chris.

0:53.4

For the second month in a row, Victoria's Secret from limited brands was absolutely on fire.

0:59.1

They did 15% comps and actually they are in a better position than a lot of other retailers because they actually have pricing power on their goods.

1:06.0

If you look at some of the pressures facing companies around them all,

1:10.0

they're going to have a lot of problems this year with cotton, other, you know, fabrics like

1:14.5

cash me are all going up in price along with labor and material costs.

1:18.8

And you know, a company like limited brands is in a better spot than the rest, which'm actually not that bullish about I'd put a

1:24.3

red light on most to retail. Bill Mann? You know I'd really like to highlight there was a

1:28.4

story today about the cotton prices going up and how it's going to harm retailers

...

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