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Motley Fool Hidden Gems Investing

Rising Unemployment, Rising Investor Optimism

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 17 April 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

More than 5 million more Americans file for unemployment as the monthly total surpasses 22 million. Abbott Labs gets a boost on optimism over its coronavirus testing. Gilead Sciences gets a boost on optimism over its coronavirus treatment. Procter & Gamble reports its biggest U.S. sales gain in decades. Amazon hits an all-time high. Comcast launches a preview of its Peacock streaming service. And Verizon buys BlueJeans Network, a videoconferencing company. Motley Fool analysts Jason Moser and Ron Gross discuss those stories, take stock in the banking and airline industries, and weigh in on some dividend hikes. Plus, the guys share a few stocks on their radar: Spotify and CRISPR Therapeutics. And Okta co-founder and COO Frederic Kerrest talks cloud-based security software, password protection, and misconceptions about entrepreneurs. 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 Full Money.

0:19.0

It's a Motley Full Money radio show. I'm Chris Hill joining me this week Jason Moser and Ron Gross.

0:24.0

Good to see you on my screen gentlemen.

0:27.0

You as well. How you doing?

0:29.0

We've got the latest headlines from Wall Street.

0:31.0

OCTO co-founder Frederick Karrist is our guest and as always we've got some stocks on our radar but we begin with the big macro.

0:39.0

An additional 5.2 million Americans filed for unemployment this week.

0:43.0

That brings the total over the last four weeks to 22 million Americans unemployed.

0:49.0

And yet, gentlemen, the Dow, S&P 500 and NASDAQ all up this week.

0:56.0

Jason, I know there are some bright spots out there and we're going to get to them but just the unemployment number and a rising stock market really stands for this.

1:06.0

Definitely does. I think this portends what is going to be really a tale of two recoveries.

1:11.0

We're going to see the recovery for Wall Street and we're going to see the recovery for Main Street.

1:16.0

I think it's fair to assume we always talk about the market being forward looking.

1:19.0

The market is going to get ahead of the actual recovery.

1:25.0

We came out of a really bad stretch in March where it seemed like every day there was nothing but bad news.

1:31.0

And now here in April we're starting to see some glimmers of better news.

1:36.0

It does seem like the curve is flat name. Maybe there's a finished line here.

1:40.0

And I think that's ultimately what the market is taking into consideration.

1:45.0

At least partly is that there is a finished line here.

1:48.0

At some point we're talking about opening the country back up here step by step, little by little.

1:53.0

And that's encouraging but it is going to be I think the tale of two recoveries.

...

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