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Motley Fool Hidden Gems Investing

Retail Records, Home Improvement Highs, and Pro Sports

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 21 August 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

Walmart reports big earnings and big growth in e-commerce. Target surges on record same-store sales growth. Home Depot and Lowe’s hit all-time highs. Uber and Lyft attempt to navigate regulatory concerns. Foot Locker gets a boost from its latest quarter and reinstates its dividend. Apple becomes the first U.S. company to hit a $2 trillion-dollar valuation. Citigroup makes a $900 million mistake. And Burger King gets creative with custom facemasks. Motley Fool analysts Ron Gross and Jason Moser discuss those stories and share two stocks on their radar: Ross Stores and Autodesk. Plus, Washington Post sports columnist Barry Svrluga talks about the future of the college and pro sports. 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.

0:07.0

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%.

...

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