Retail Records, Home Improvement Highs, and Pro Sports
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 21 August 2020
⏱️ 39 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 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. |
| 0:19.0 | It's the Motley Fool Money Radio Show. I'm Chris Hill joining me this week Jason Moser and Ron Gross. |
| 0:24.0 | Could you see your gentlemen? Hey, Chris. |
| 0:27.0 | We've got the latest headlines from Wall Street. We will get an update on the business of pro sports. |
| 0:31.0 | And as always, we've got a couple of stocks on our radar. |
| 0:34.0 | But we begin with big retail getting bigger shares of Walmart in an all time high this week. |
| 0:40.0 | After second quarter results came in better than expected. |
| 0:44.0 | Highlighted Jason Moser by e-commerce sales nearly doubling. Walmart is crushing it. |
| 0:51.0 | Yeah, I mean, this was definitely another good quarter. I mean, it wasn't a knockout out of the park quarter, |
| 0:57.0 | but it certainly does seem like they've got things moving in the right direction. |
| 1:01.0 | And they're continuing on the success that we saw last quarter. |
| 1:05.0 | We looked at some of the numbers. Top line grew 5.6%. US comps were up 9.3%. |
| 1:11.0 | Now, that's on top of US comps growth of 10% just a quarter ago. |
| 1:17.0 | And if you remember, that actually marked the best Q1 comp for the company in 9 years. |
| 1:23.0 | So you can just see the comparison there. I mean, they are continuing that success. |
| 1:27.0 | And it was thanks in large part, as you mentioned, to e-commerce. |
| 1:32.0 | E-commerce, which was once a convenience, is now really turned into a necessity. |
| 1:38.0 | And so it's an opportunity for a lot of these big retailers with these vast resources to invest a lot in their e-commerce operations. |
| 1:46.0 | And certainly Walmart had been making those investments long before the pandemic hit. |
| 1:51.0 | But as you noted, e-commerce sales up 97% for the quarter. |
| 1:55.0 | If you look just a quarter ago, e-commerce sales grew 74%. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

