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Motley Fool Hidden Gems Investing

Motley Fool Money: 7.09.2010

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 9 July 2010

⏱️ 39 minutes

🧾️ Download transcript

Summary

Some big name retailers report better-than-expected numbers for June. Android gains on the iPhone. And a foul-mouthed, animated bear creates big controversy for Best Buy. On this week's Motley Fool Money Radio Show, we tackle those stories, share some stocks on our radar, and talk with Washington Post technology columnist Rob Pegoraro. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Everybody needs money. That's why they call it money.

0:09.0

From full global headquarters, this is Motley Fool Money.

0:19.5

Welcome to the show. Thanks for being here. I'm your host, Chris Helen.

0:22.0

I'm joined by Motley Fool, Senior Analyst, Seth Jason, James Early, and Shannon Zimmerman.

0:26.5

Guys, good to see you. Good to see you, Chris.

0:29.0

On this week's show, Android is gaining on the iPhone. Google has a new deal in China.

0:34.5

And Best Buy makes peace with a profane animated bear.

0:38.5

Plus to talk with Washington Post's technology columnist Rob Pegararo

0:42.5

and a look at the stocks on our radar. But we begin with the June retail numbers.

0:47.5

Guys, beating expectations, we had Abercrombie and Fitch, JC Penny, Macy's,

0:53.0

Limited Nordstrom, and Hot Topic. James, I know you're a big fan of Hot Topic.

0:58.0

I am, Chris. I am. You can see by my wardrobe.

1:01.0

Costco fell slightly below expectations. But keep in mind, Costco closed its stores on memorial days.

1:07.0

And that definitely affected their results. And Gap came in below expectations.

1:12.0

Seth Jason, obviously a lot of retail numbers there. What's your headline?

1:17.0

My headline on retail is always a more investor headline, which is don't worry too much about this month to month.

1:22.0

Garbage. But on the whole, I was actually surprised things weren't worse.

1:26.0

There's been a lot of bad economic news lately. I've been kind of podium on the economy for a while.

1:31.0

And sales at a lot of stores, even the ones that dropped like American Eagle.

1:35.0

I believe it a 1% comparable store sales drop.

1:39.0

We're still better than I expected. However, the thing to watch for if you're interested

1:43.0

in any of these retail stocks is told a microcosm is Abercrombie.

...

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