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MarketFoolery

Time to Sell Uber?

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 7 July 2021

⏱️ 14 minutes

🧾️ Download transcript

Summary

An analyst note from JPMorgan sends shares of Whirlpool higher. Alicia Alfiere analyzes the rise of home improvement stocks and shares why Whirlpool fits the trend. Plus, we discuss whether or not to sell shares of Uber after a nice gain, and the peace treaty that hot dog consumers have been waiting for!

Transcript

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0:00.0

It's Wednesday, July 7th.

0:04.3

Welcome to Marketfoolery.

0:05.8

I'm Chris Hill with me today, Alicia Alfieri.

0:08.4

Thanks for being here.

0:09.7

So glad to be here.

0:11.7

So we're going to talk Uber.

0:13.8

We've got a pretty awesome consumer good story.

0:17.2

We're going to discuss.

0:18.2

But we're going to start today with Whirlpool.

0:20.9

Because shares of Whirlpool are up 3% after the company, JP Morgan put out a note to their

0:28.1

clients saying, this is one of our top picks.

0:31.2

I'm a little surprised they used the word hated because they, in their notes, said that

0:35.6

Whirlpool was a hated stock on Wall Street, but primed to beat expectations in the quarters

0:40.5

ahead.

0:43.0

I'm a little surprised that it's a hated stock.

0:44.9

In part because you go back to January 2020, the stock is up 50%.

0:52.0

This seems to track, Alicia, with something we've talked about on the show before, which

0:57.6

is the investments that people are making in their homes.

1:02.4

Yes.

1:03.4

So for, let's say, this increase is not without merit.

1:07.0

So Whirlpool, for their last quarter, saw a revenue growth of 24% a year over year,

1:14.5

which was driven by consumer demand and some pricing actions that they took due to inflation

...

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