Nasdaq Pain Continues

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 5 May 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Nasdaq fell 5%, continuing a rough year for investors. (0:20) Andy Cross discusses: - The short-term pain being felt by all investors, including us - Shopify's 1st-quarter results looking similar to Amazon's - Deliverr, the logistics company Shopify just bought for $2.1 billion - EPAM Systems, the IT services provider that surprised investors with a strong 1st quarter (17:00) Jim Gillies talks with Ricky Mulvey about MTY Food Group, a Canadian food franchisor small cap with potential. Stocks discussed: SHOP, AMZN, EPAM, MTY, MTYFF, WEN Host: Chris Hill Guests: Andy Cross, Jim Gillies Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Ever have one of those days where you can't hit the ground with your hat?
0:08.1	That's what the stock market was like for investors.
0:11.0	Motley Fool Money starts now.
0:15.1	I'm Chris Hill, joining me today, the Chief Investment Officer Andy Cross.
0:25.1	Thanks for being here.
0:26.1	Hey Chris.
0:27.1	We're going to get to Shopify.
0:30.8	We're going to get to EPM systems.
0:32.8	But can we just start with the pain?
0:35.2	Just for a second.
0:37.4	We are.
0:38.4	It's a little after 12 noon on the East Coast.
0:42.1	The NASDAQ is down basically 5% in less than 3 hours.
0:46.2	And maybe that bounces back some before the end of the day.
0:48.8	But for anyone out there feeling the pain, a couple things.
0:54.2	We're feeling it too.
0:56.3	We're feeling this pain.
0:57.3	I'm feeling this pain.
0:58.6	Yeah.
0:59.6	And this is the cost to do in business.
1:02.6	Yeah.
1:03.6	With investing, as we've been experiencing really for much of the year and much for the
	...

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