Stocks (and Investing Books) We're Bullish On
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 21 October 2022
⏱️ 39 minutes
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Summary
Transcript
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| 0:00.0 | We've got stocks we're feeling more bullish on and investing books for your reading list. |
| 0:10.0 | Motley full money starts now. |
| 0:11.4 | Everybody needs money. That's why they call it money. |
| 0:37.0 | We've got the latest headlines from all street. |
| 0:51.0 | We will dip into the full mail back and as always we've got a couple of stocks on our radar. |
| 0:55.0 | But we begin with a ripple effect in social media and advertising. |
| 1:00.0 | The third quarter results included a slight miss on expected revenue. |
| 1:10.0 | The report says it expects revenue to slide further in the fourth quarter. |
| 1:14.0 | Shares of snap fell 30% on Friday. |
| 1:18.0 | The ripple effect is that shares of Pinterest, Meta platforms and even Alphabet fell on Friday on concerns of a pullback in marketing spends. |
| 1:26.0 | Emily, where do you want to start? |
| 1:28.0 | Let's start with snapchats quarter because at face value this quarter wasn't all that bad. |
| 1:34.0 | They posted just the profitability, revenue only barely missed expectations and the daily average users actually blew it out of the water. |
| 1:42.0 | They grew 19% in the quarter. |
| 1:45.0 | That's what snapchat wants investors to focus on. |
| 1:48.0 | However, even despite the strong performance in the platform itself, revenue growth of only 6% is a reminder about just how challenging the ad market is. |
| 1:57.0 | In particular, how snapchat is monetizing their users. |
| 2:00.0 | But I will say, as much as this is an influx of the ad market and budgets being cut across the board, some of this is still snapchat specific. |
| 2:09.0 | Management knows that they have more than 75% of all 13 to 34 year olds and 20 countries across the world on their platform. |
| 2:17.0 | And they say that group represents 50% of all advertising spend. |
| 2:21.0 | If that's the truth, which I expect it is, why are they having such a hard time monetizing those users? |
| 2:28.0 | Because the market is there, the users are there, but their revenue growth is not. |
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