New Highs, “Oscar Buzz” Movies, and a Sweet IPO
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 19 November 2021
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:07.0 | From full global headquarters, this is Motley Fool Money. It's the Motley Fool Money |
| 0:20.3 | radio show. I'm Chris Hill joining me this week, Senior Analyst Jason Moser and Emily |
| 0:24.4 | Flippin. Good to see you both. |
| 0:26.0 | Hey Chris. We've got the latest headlines from Wall Street. Nell Minnow is our guest this |
| 0:31.0 | week and as always we've got a couple of stocks on our radar but we begin with big retail |
| 0:36.7 | shares of Walmart down a bit this week despite the fact that third quarter profits and revenue |
| 0:41.4 | were higher than expected. So were their same store sales and they raised guidance Jason. |
| 0:47.1 | This is pretty much everything you would want going into the holiday quarter if you're |
| 0:51.9 | Walmart. Yeah, I think you're right. I mean I think the theme going into this quarter was |
| 0:57.8 | really all about margins and inventory at least for investors. I mean this is about margins |
| 1:03.2 | and inventory. Those are the two biggest questions because we know people are shopping. |
| 1:08.3 | People are moving forward, they're getting out there shopping. It's going to be a busy |
| 1:12.0 | holiday season but will there be stuff to buy? According to Walmart, yes, there will be. |
| 1:17.9 | If you look at the most recent quarter revenue was up 4.3%, $140.5 billion they raked |
| 1:24.4 | in. Walmart, US comps grew 9.2% transactions were up 5.7%. And they even grew e-commerce |
| 1:33.5 | sales 8% for the quarter. That's coming off of some very robust performance here over |
| 1:38.1 | the past year and a half or so for obvious reasons. But I think that's noteworthy that |
| 1:42.7 | 8%. Now to the margin side, they are witnessing some gross margin pressure that margin was |
| 1:47.7 | down about 50 basis points, mostly on supply chain pressures and a higher mix of fuel sales, |
| 1:54.5 | operating income was down a tick as well. But in regard to this holiday season, inventory |
| 2:00.0 | levels are up 11.5% from last year. So they're in a very good spot. They raised guidance |
... |
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