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Motley Fool Hidden Gems Investing

Motley Fool Money: 07.17.2009

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 17 July 2009

⏱️ 17 minutes

🧾️ Download transcript

Summary

Big banks rack up some big profits. Google's cloud rains on Twitter's parade. Wal-mart goes for the green. And Apple slaps Palm. In this installment of Motley Fool Money, we tackle those stories, share three stock ideas, and discuss the wisdom of Flannery O'Connor.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Motley Full Money. I'm Chris Hillen. I'm joined by Motley Full Senior

0:07.4

analyst Seth Jason James early and Shannon Zimmering. Guys, happy Friday.

0:11.5

Happy Friday Chris. All right, a lot to get to this week. Coming up.

0:14.7

Walmart gets in on the green scene and Google's cloud rains all over Twitter.

0:19.9

We'll get to those stories. Check the latest news from Apple and as always we'll

0:23.7

share three stock ideas. But we begin with big news from the big banks. Bank of

0:29.1

America city group Goldman Sachs and JP Morgan all reported big quarterly

0:34.2

profits this week. Turns out guys that there's actually still big

0:37.8

money to be made in trading in financial products and in helping

0:41.4

companies raise money. James, let's start with Goldman. Record profits just

0:47.1

six months after reporting its first loss as a public company. They got a big

0:52.0

old chunk of tarp money last year and now they're rolling in the dough this

0:56.0

year. Amazing turn around. How did it happen? Well, I think you kind of answered

1:00.0

your own question Chris. I mean, they got the tarp money and they're partially

1:03.6

betting with house money. But and let me say that all the haters out there

1:08.6

are saying my gosh, what a shame they're making all this money. But you know,

1:12.0

that was the point of the bailout was to give them money to try and go do

1:15.3

this stuff. Congress, Paulson, nobody knew with the time this was being planned

1:19.6

that the market would suddenly turn around for investment banking like it has.

1:23.2

Investment banking is a very cyclical market,

1:26.1

dependent on on on trading volume. And let me clarify two things very quickly.

1:30.4

First, there's a difference between investment banking and commercial banking.

...

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