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MarketFoolery

Stocks for Hurricane Florence

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 11 September 2018

⏱️ 22 minutes

🧾️ Download transcript

Summary

As Hurricane Florence bears down on the East Coast, we dare to ask the question “Is it possible to make a little money off this thing?” Motley Fool Asset Management’s Bill Barker shares which industries investors should be watching beyond the usual suspects (e.g., home improvement stocks). Plus we discuss the latest report from Casey’s General Stores, dip into the Fool Mailbag, and share a few memories from the start of the financial crisis 10 years ago this month.

Transcript

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0:00.0

This episode of Market Foolery is brought to you by TD Ameritrade.

0:02.8

Whether you want to place a trade on Twitter or get market news from your smart speaker,

0:06.5

TD Ameritrade has everything you need to invest on your favorite platforms and devices.

0:12.2

See what's new at TD Ameritrade.com

0:14.2

slash innovation. It's Tuesday September 11th. Welcome to Mark Flory. I'm Chris

0:21.1

Hill joining me in studio from Motley Full Asset Management, Bill Barker.

0:25.1

Thanks for being here.

0:26.1

Thanks for having me.

0:27.1

We're going to dip into the full mail bag. We are going to look back 10 years ago at the financial crisis and yes we're also going to talk

0:37.8

about Hurricane Florence. Let's start though with Casey's General's store.

0:43.0

Good first quarter report for Casey's General.

0:46.0

Profits look good, the stock up 8%.

0:50.0

I don't know if Ron Gross would say they're firing on all cylinders, but this certainly seemed

0:55.5

like an all around really good report for them.

0:57.7

It's good report.

0:59.7

You know, when you look at the stock take a step back and look at the other places that it's been,

1:09.0

the stock is even after today's rise is still below where it's been in chunks of the last two years.

1:16.5

It had sort of bottomed out around May of this year in the mid to low 90s, and now it's up at 125.

1:23.5

So a nice run since then, but what they're sort of,

1:27.2

what they've achieved today in their report,

1:29.5

I think, is to sort of show that this productivity improvement model that they've adopted is

1:38.0

beginning to find some traction and combined with decent same store sales, buying back some shares, opening some stores, doing a little bit of everything right, that's resulted in 8% today.

...

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