MarketFoolery: 03.20.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 20 March 2013
⏱️ 19 minutes
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Summary
Shares of Williams-Sonoma hit a new 52-week high after the retailer reports big earnings. Shares of FedEx slip on lower quarterly profits. And Apple faces a growing problem.
Transcript
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| 0:00.0 | It's Wednesday, March 20th. |
| 0:03.6 | Welcome to Mark Fullery. |
| 0:04.7 | I'm Chris Hill joining me in studio today |
| 0:06.2 | from Motley Fool's Supernova, |
| 0:08.0 | Matt Argersinger, and for Motley Fool Hidden Gems, |
| 0:10.0 | chief investment officer at the Motley Fool Andy Cross. |
| 0:12.0 | Good to see you guys. |
| 0:12.7 | Fellas, hey. |
| 0:14.4 | We're going to talk FedEx, Williams Sonoma, |
| 0:17.5 | and we're going to talk about Apple's |
| 0:20.4 | ginormous pile of cash. But let start with FedEx. Third quarter profits for FedEx fell |
| 0:25.3 | 31 percent shares down more than 5 percent this morning and Matt you and I were talking |
| 0:30.5 | this morning there are the companies that sort of beat by a penny, |
| 0:35.1 | miss by a penny. This was not missing by a penny. This was a substantial miss. |
| 0:41.3 | This was a big one. It hit their you know their FedEx Express which is |
| 0:44.2 | about 60% of their revenue on an annual basis. You know they they talked about kind of |
| 0:48.9 | their international business, their Asia business, the express, the air freight was down. |
| 0:54.5 | You know, there's a lot of angles to the story. |
| 0:57.1 | You know, if you wake up in the morning, usually on most days in the market and you see that |
| 1:00.8 | FedEx is warning, you're expecting a pretty bad day in the stock market and it's interesting |
| 1:05.3 | that the stock market is actually is actually up kind of nicely today it's kind of |
| 1:08.6 | brushing off this FedEx news and we have to remember that UPS I think at end of January, also came out with kind of a warning about their results. |
... |
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