Mastercard, Home Depot, Shake Shack, EU Stocks
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 25 February 2020
⏱️ 22 minutes
🧾️ Download transcript
Summary
Mastercard is getting a new CEO. Home Depot grows 4th-quarter profits. Shake Shack falls as 4th-quarter sales growth slows. Jason Moser analyzes those stories, and shares 3 European stocks as we dip into the Fool Mailbag. (For a FREE copy of our Investing Starter Kit, go to www.fool.com/StarterKit and we’ll email it to you.)
Transcript
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| 0:00.0 | It's Tuesday, February 25th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.1 | I'm Chris Hill with me in studio. |
| 0:07.4 | Mr. Jason Moser. |
| 0:08.5 | Thanks for being here. |
| 0:09.1 | Thank you for having me. |
| 0:10.2 | We've got earnings from Home Depot in Shake Shack. We're going to dip it in the fool mail bag. |
| 0:15.0 | We're going to start with a leadership change and that is MasterCard getting a new CEO next year. |
| 0:22.0 | January 1st, 2021, Michael Meba, who's the chief product officer is going to become |
| 0:28.4 | the CEO and AJ Banga, who's been CEO for the past decade, is going to be the executive chairman. |
| 0:36.4 | And the fact that shares of MasterCard are down 4% today, I think have nothing to do with these announcements just because |
| 0:46.4 | Meebok's been there for a decade under Banga's leadership this has been a phenomenal stock. He's been CEO for 10 years. |
| 0:56.0 | The stock's returned more than 1,300% since then. |
| 1:00.0 | This seems like as smooth a leadership transition as you could possibly hope for if you're a shareholder. |
| 1:06.0 | Yeah, I totally agree. I am a shareholder and to me this is one of those things that we hope for. |
| 1:12.0 | You like a clear succession plan laid out there. |
| 1:15.0 | And the reasons are the reasons, you know. I mean, we don't know why Mr Banga may be stepping down or is stepping down from that role. |
| 1:22.6 | I mean, it sounds like it's something that's in line with what he wants to do with his life, |
| 1:26.2 | though. |
| 1:27.2 | And so I think the really, for me, the big question for me is going to be what it's going to be interesting is if |
| 1:34.5 | Mr. Banga's views are also Mr. Meebox views and what I mean by that is you know |
| 1:40.5 | They've run this business to this point with a certain worldview and there was there was a really good article |
... |
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