MarketFoolery: 11.15.2012

MarketFoolery

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🗓️ 15 November 2012

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Wal-mart and Target report earnings. Starbucks makes a big acquisition. And Berkshire Hathaway loads up on shares of Deere.

Transcript

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0:00.0	It's Thursday, November 15th.
0:03.8	Welcome to Market Fullery.
0:04.8	I'm Chris Hill joining me in studio today.
0:06.5	From Motley Fool 1, Jason Moser, and for Motley Full Inside Value, Uncle Joe
0:10.4	Maker.
0:11.4	Good to see you guys. Happy Thursday.
0:12.4	Hey, happy Thursday.
0:13.0	Uh, boy, we got a lot on our plate.
0:15.0	We've got Starbucks making yet another acquisition.
0:18.0	We've got some interesting information coming out of Omaha and Berkshire Hathaway in particular,
0:22.0	but we're going to start with a couple of big retailers
0:24.3	reporting earnings, Walmart and Target.
0:26.9	Walmart, third quarter profit, up 9%,
0:29.9	but Walmart lowered guidance for the fourth quarter and target third quarter
0:33.8	earnings were up 15% and fourth quarter earnings were forecast to be
0:38.1	pretty significantly higher than what analysts had in mind let's start with
0:42.2	Walmart first, Joe.
0:45.0	Shares down about 4% this morning, which tells me...
0:48.0	For Walmart is massive.
0:50.0	That's...
0:51.0	This is not the G-go growth stock you know of say
0:55.9	1990s tech so yeah for Walmart to be down 4% is a pretty significant amount
	...

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