4.4 • 3K Ratings
🗓️ 13 December 2013
⏱️ 39 minutes
🧾️ Download transcript
A new CEO takes the wheel at General Motors. Lululemon's CEO steps down. And MasterCard reports big earnings. Our analysts discuss those stories and share three stocks on their radar. Plus, CNBC's Carl Quintanilla talks Twitter, television, and investing in the new year.
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0:00.0 | Everybody needs money. That's why they call it money. |
0:08.0 | From full global headquarters, this is Motley Full Money. |
0:19.0 | Welcome to Motley Full Money. Thanks for being here. |
0:21.0 | I'm your host, Chris Hill, joining me in studio this week from Motley Full One, Jason Moser |
0:25.0 | and for Million Dollar Portfolio Charlie Travers and Ron Gross. |
0:28.0 | Good to see you, Gents. Hey, hey, you're doing. |
0:30.0 | We've got the headlines of the week and we will answer your questions by dipping into the full mail back. |
0:34.0 | We will check in with Carl Kintineo from CNBC to get his thoughts as we wrap up 2013 and look ahead to 2014. |
0:41.0 | And as always, we will share a few stock ideas for you to put on your watch list. |
0:45.0 | But let's start with one of the big retailers and that's Costco. |
0:49.0 | Shares down this week, Ron. First quarter profits came in a little lower than expected. |
0:54.0 | Same store sales up 3%. I don't think they're firing on all cylinders. |
0:59.0 | Are they firing on most cylinders? That's fair, okay. |
1:03.0 | Things aren't as strong as I think we're used to. |
1:06.0 | I think in this retail environment that shouldn't necessarily be that surprising. |
1:10.0 | They are better than if, for example, if we look at Target and Walmart's same store sales numbers, |
1:16.0 | which were either flat or even negative. |
1:18.0 | They are doing better there. Operating income was up almost 5%. |
1:21.0 | It would have actually been better if they didn't have some technology expenses for the future for their IT system. |
1:29.0 | So things are going well. I mean, 90% renewal rates in the US, 87% worldwide, amazing numbers. |
1:36.0 | The model still works. Everything is absolutely fine with the business. |
1:40.0 | We just happen to be in a kind of a soft environment right now. |
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