Retail, Weed, and Free Beer (Yes, really)
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 15 August 2018
⏱️ 19 minutes
🧾️ Download transcript
Summary
Macy’s posts a rock-solid 2nd-quarter and raises guidance, so why are shares down? Matt Argersinger analyzes the great recent run Macy’s has had and shares why some investors are jumping ship now. Constellation Brands makes a $4 billion investment in Canopy Growth, one of Canada’s biggest marijuana companies. And Bud Light offers free beer to Cleveland Browns fans, but with one tiny catch. Plus, we discuss the rough year international markets are having, as well as the increasingly frothy private markets. Thanks to Slack for supporting The Motley Fool. Slack: Where work happens. Go to Slack.com to learn more.
Transcript
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| 0:00.0 | This episode of Market Foolery is brought to you by Slack. |
| 0:02.3 | Slack is a collaboration hub for work that makes sure the right people in your team are always |
| 0:06.9 | in the loop and key information is always at their fingertips. |
| 0:10.4 | Learn more at Slack.com. |
| 0:13.0 | It's Wednesday, August 15th. |
| 0:16.0 | Welcome to Market Foolery. |
| 0:17.0 | I'm Chris Hill. |
| 0:18.0 | Matt Argosinger is in the house. |
| 0:21.0 | Producer Dan Boyd is back behind the glass we're ready to go yeah |
| 0:25.0 | because we got a bunch of things to get to we've got very interesting news from |
| 0:29.6 | the beverage industry we're gonna talk international're going to talk a little bit of private |
| 0:34.1 | markets, and maybe my favorite story heading into the NFL season. |
| 0:39.5 | We've got to start with Macy's though. |
| 0:41.1 | Help me understand this, Maddie. Really good second, I shouldn't |
| 0:46.3 | say really good, a good second quarter report. Profits and revenue, higher than expected. |
| 0:50.1 | They raised guidance for the full fiscal year. |
| 0:53.1 | Why is this stock getting punished today? |
| 0:54.8 | It's down 13%. |
| 0:56.3 | I think it's one of those situations where the stock has rebounded so much this year. |
| 1:00.4 | I forget what it's up. |
| 1:01.4 | I didn't look it up. |
| 1:02.4 | It's up about 80%. Even with the drop today, it's up. I didn't look it up. It's up about 80% in the past 12 months. |
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