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MarketFoolery

MarketFoolery: 10.19.2011

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 19 October 2011

⏱️ 13 minutes

🧾️ Download transcript

Summary

Apple reports weaker-than-expected earnings. Intel reports stronger-than-expected earnings. Visa increases its dividend. And KFC debuts the Cheesy Bacon Bowl.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Wednesday, October 19th, and this is Market Foolery.

0:05.0

I'm Chris Hill and joining me in studio today for Motley Fool's stock advisor, Andy Cross,

0:09.0

for Motley Fool Inside Value Joe Maker,

0:11.0

and the Motley Fool Asset Management, man guys happy black Friday anniversary happy happy that's right

0:18.0

24 years ago 1987 Joe were you even

0:22.1

Were you in school in 1987? I can't say I remember it. All right we've got

0:27.4

Intel Visa and the latest innovation from KFC but we are going to start with

0:31.6

Apple.

0:33.0

Shares are down this morning after the company missed on earnings.

0:36.4

Andy Cross, in Apple's case, a miss means that you sell 17 million iPhones, 11 million

0:41.9

iPads, and you report a profit of 6.6 billion.

0:46.4

Is it possible that our expectations for this company are getting just a tad high?

0:50.8

Out of whack, yeah.

0:51.8

When your earnings grow 50% and you sell that amount of

0:56.3

equipment to thousands millions of people around the world yeah I think I think so

1:02.0

but you know there's a lot of information out there. It's a hugely popular

1:06.0

company and hugely successful and especially with all the news around Steve Jobs. A lot of people

1:12.4

have been looking into this and buying

1:13.6

into the stock and obviously with the stock down a little bit not much just a little

1:17.8

bit today there's some worries out there on yeah it's down to where it was like

1:22.1

three weeks ago yeah right exactly

1:23.8

I mean they just obliterated the wealth of millions yeah the story really is

...

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