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MarketFoolery

MarketFoolery: 08.16.2011

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 16 August 2011

⏱️ 16 minutes

🧾️ Download transcript

Summary

Germany reports weaker-than-expected GDP growth. Wal-Mart reports an increase in profits but same-store sales in the U.S. continue to decline. And Home Depot reports stronger-than-expected earnings and continues its winning streak over Lowe's.

Transcript

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0:00.0

It's Tuesday, August 16th, and this is Market Foolery.

0:05.0

I'm Chris Hill and joining me in studio today for Motley Fool Asset Management Bill Mann,

0:09.0

for Motley Fool Inside Value, Joe Meager, and for Motley Fool Global Gameses Tim Hansen guys I'm on vacation for a couple weeks anything happened in the stock market while I was gone

0:17.2

Pretty flat now pretty flat yeah

0:19.6

All right we have economic news from Germany we have got the smack down between Home Depot and Lowe's,

0:25.3

but we will start with Walmart.

0:27.7

Quarterly profit rose nearly 6%, but same store sales in the US.

0:31.6

We're, wait for it it down for the ninth straight quarter

0:35.4

Tim we've seen this movie before what did you think of the quarter well you know

0:39.6

on the bright side they weren't down as much as they had been so that's a good thing for the

0:44.5

company it's it's more stability than perhaps some were expecting profits were

0:49.8

up on account of some cost cutting and some other things that they did.

0:53.0

The company became more efficient.

0:54.4

And once again, Walmart, like many multinationals, the story here has really growth abroad.

0:58.8

Thanks to currency benefits and organic sales growth, international sales were up more than 16%, which is a pretty big

1:04.7

number for a big company like Walmart.

1:07.1

I continue to think it looks very attractive relative to the valuation and are you

1:12.2

okay over there?

1:13.0

Keep going.

1:14.0

And uh...

1:15.0

Bill man having a little trouble with his...

1:19.0

Technology headphones.

...

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