MarketFoolery: 10.20.2014
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 20 October 2014
⏱️ 17 minutes
🧾️ Download transcript
Summary
IBM sinks on dreadful 3rd-quarter earnings and drags the Dow Jones Index down with it. Plus we analyze the latest results from Halliburton and Hasbro.
Transcript
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| 0:00.0 | It's Monday, October 20th. |
| 0:03.7 | Welcome to Market Foolery. |
| 0:04.8 | I'm Chris Hill joining me in studio today |
| 0:06.3 | from Motley Fool 1, Jason Moser and from Stock Advisor, Canada. |
| 0:09.4 | Taylor Markerman, happy Monday, Jen. |
| 0:11.3 | You too. |
| 0:11.8 | Back for another one. Back for another one. A beautiful day out there oh man this lovely weekend lovely weekend and this is like the epitome of just classic fall weather |
| 0:20.9 | The two weeks that you live for here it is it's the two weeks that you live for here. It is. It's the two weeks of like this is great. |
| 0:25.2 | That's all going to go to hell. Earnings Palusa rolls on so we will talk Halliburton we will talk |
| 0:31.5 | Hasbro. Let's start with Big Blue third |
| 0:34.6 | quarter profits for IBM 14% lower than expected and the stock is having its |
| 0:41.9 | biggest single day drop in, I want to say close to five years. |
| 0:46.2 | This is, this is one of those situations where it's important to remember that the Dow Jones |
| 0:51.6 | industrial average is made up of 30 stocks and |
| 0:55.1 | if one of them is having a really bad day like today with IBM it can single-handedly pull down the doubt I mean shares of IBM down to about 7% this |
| 1:05.9 | morning yeah how bad was this quarter well I mean if you you you want to if you look |
| 1:10.7 | up the definition uninspiring I think it refers you actually to IBM's income statement because it is absolutely uninspiring. |
| 1:18.0 | I mean, revenues are not going anywhere, and I don't know, I don't know exactly what they do to turn this boat around. I mean they are |
| 1:25.0 | making this shift further away from hardware more towards like the business |
| 1:28.9 | services and whatnot which can be certainly very profitable there's certainly plenty of opportunities out there but but IBM seems to be a very |
| 1:38.3 | old school style of of of business |
| 1:44.0 | and mentality versus all of these more nimble |
... |
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