Medtronic’s New High, Camping World’s Surprising Move

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4.7 • 1.7K Ratings

🗓️ 24 August 2021

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Best Buy’s 2^nd-quarter comps were three times higher than Wall Street was expecting. Medtronic shares hit a new high after strong 1^st-quarter profits and revenue came with raised full-year guidance. Asit Sharma analyzes those stories and Camping World’s curious decision to double their quarterly dividend.

Transcript

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0:00.0	It's Tuesday, August 24th.
0:04.2	Welcome to Market Toolery.
0:05.4	I'm Chris Hill with me today.
0:07.4	Asa Sharma.
0:08.4	Good to see you.
0:09.4	Good to see you, Chris.
0:11.0	So glad to be here today.
0:13.3	We've got some surprising dividend news.
0:15.4	We're going to start with earnings because earnings season rolls on and first up is
0:20.1	best buy.
0:22.1	Second quarter revenue was up 20%.
0:24.2	Same store sales came in three times higher than Wall Street was expecting.
0:29.1	They raised their guidance for the full fiscal year shares a best buy up.
0:33.0	And I was saying right before we started recording, best buys success to me is one of the more
0:41.0	unlikely business stories over the past decade.
0:44.6	Because 10 years ago, so many people were looking at best buy as a dinosaur.
0:51.2	It was Amazon showroom.
0:52.7	It's like, yeah, they tell all these electronics, but people can get them for cheaper elsewhere.
0:58.8	And the turnaround executed by former CEO, Huber, Julie, really needs to be studied.
1:08.2	And I have more thoughts on this, but what did you think of the latest results out of
1:13.1	best buy?
1:14.4	Well, Chris, two things.
	...

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