meta_pixel
Tapesearch Logo
Log in
MarketFoolery

MarketFoolery: 10.23.2012

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 23 October 2012

⏱️ 20 minutes

🧾️ Download transcript

Summary

DuPont cuts jobs and lowers its earnings outlook. 3M reports declining sales. And Yahoo! gives investors something to shout about.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Tuesday, October 23rd.

0:04.2

Welcome to Market Fullery.

0:05.6

I'm Chris Helen joining me in the studio today.

0:07.5

From Motley Full One, Jason Moser

0:08.9

and from Motley Full Inside Value, Uncle Joe Maker.

0:11.6

Good to see you guys.

0:13.0

Happy Tuesday.

0:15.0

There are a lot of technology companies having events this week, unveiling new products.

0:20.0

Apple is one of those companies, unveiling the allegedly the rumored iPad many later

0:26.5

today. It's going to be a great holiday season. We're taping this before that so

0:30.9

tune into tomorrow's market fullry and we'll be able to just

0:34.0

dissect everything about the iPad mini unless we had just like a market foolery

0:37.6

after hours where we just can't hold back we've got to talk Apple now I guess we will I guess we won't do that if we have market foolery after hours there needs to be alcohol involved

0:47.4

But we're gonna plow ahead with earnings Palusa. We've got earnings from Yahoo coach and radio shop Radio Shop, but we're going to start with some of the big Dow companies.

0:56.5

As of this taping, the Dow is down nearly 2%, that's more than 240 points, and that's not surprising when you consider that three

1:03.8

Dow stocks reported earnings this morning and all three had bad news.

1:08.0

United Technologies third quarter earnings fell they cut their forecast 3M cut its profit forecast for the full year and

1:16.3

Chemical company DuPont the big winner or loser I should say down more than 8% after profits came in lower than expected and they're

1:24.8

also cutting about 1500 jobs. There is a lot of red out there today Jason.

1:28.9

Don't cupcake it, Chris. Don't cupcake it. It is. There's a lot of red job cuts, revising guidance down. I mean, it does seem like it's, you know, it's funny. We see something like a caterpillar or a Joy Global recently where they see some sort of, you know of shoots coming out of the ground, but then you

1:45.6

see the earnings announcements today, which kind of make you feel like maybe we're not quite out

1:50.0

of the woods yet.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.