Ohhhhh Snap!
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 24 July 2019
⏱️ 14 minutes
🧾️ Download transcript
Summary
Snap loses money in the 2nd quarter, but not as much as expected so shares rise 16%. With a stock that has basically tripled in 2019, has Snap turned a corner? Abi Malin analyzes the digital space and shares why she thinks Snap’s rise is due to the company being oversold last year. Plus, we discuss Chipotle’s latest stellar quarter and Visa’s steady march to being a $400 billion dollar company.
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Transcript
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| 0:22.4 | It's Wednesday, July 24th. |
| 0:24.0 | Welcome to Market Flory. |
| 0:25.0 | I'm Chris Hill. |
| 0:27.0 | Joining me in studio in the heat of Ernie Spalooza |
| 0:30.0 | is the one and only happy, |
| 0:31.0 | Abby Malin. |
| 0:32.0 | Thanks for being here. Thanks for having me. |
| 0:34.3 | This is my favorite week of the year, and it comes four times a year. |
| 0:37.2 | I love it. |
| 0:38.2 | We got like 700 companies reporting this week. |
| 0:40.0 | All the things to talk about. |
| 0:41.3 | All the things to talk about. And we're not going to talk about all of them, although there are the huge companies reporting |
| 0:47.1 | that we're just not going to be able to get to. |
| 0:48.7 | We will talk about the latest from Visa and Chipotle. |
| 0:51.2 | We've got to start though with SNAP. |
| 0:53.6 | Shares up 16% this morning after SNAP lost money in the second quarter, just not as much |
| 1:00.8 | as everyone was expecting them to lose. |
... |
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