Truist? “We actually thought it was a joke.”
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 13 June 2019
⏱️ 24 minutes
🧾️ Download transcript
Summary
Lululemon athletica and RH both rise on strong 1st-quarter reports, but MFAM Funds portfolio manager Bill Barker is more bullish on one than the other. Plus, Suntrust and BB&T unveil the name of their recently-merged $66 billion bank and it’s……Truist??? We share our reactions, as well as the business case against the new name. (Tangents include competitive yoga, why the Stanley Cup is the best trophy in North American sports, and how the classic movie “This Is Spinal Tap” relates to the 6th-largest bank in the U.S.)
Transcript
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| 0:00.0 | It's Thursday, June 13th. |
| 0:04.0 | Welcome to Market Foolry. |
| 0:05.0 | I'm Chris Hill joining meeting studio from M-Fam Funds, Bill Barker. |
| 0:09.0 | Happy Thursday. |
| 0:11.0 | Thank you. |
| 0:12.0 | Congratulations to all the St. Louis Blues fans out there on hoisting Lord Stanley's Cup, arguably |
| 0:18.2 | the greatest trophy in professional sports, certainly in North America. |
| 0:23.0 | Don't you think? |
| 0:24.0 | Certainly off the top of my head, it's the trophy itself has got more going on with it and its |
| 0:30.6 | history and its legend and the stories about it whereas like the |
| 0:34.7 | Vince Lombardi trophy or whatever the World Series trophy is called yeah |
| 0:40.5 | there's no there's no legend there. That's true and also the fact that everybody gets to take it home for a couple of days. That's pretty well that's where all the legends come |
| 0:49.3 | That's where all the stories come from. We're going to get to some retail earnings. We are |
| 0:55.7 | absolutely going to get to the banking news of the day. Let's start with Lulu |
| 1:01.4 | Lemon Athletica. |
| 1:03.0 | First quarter, same store sales. |
| 1:04.8 | I actually saw two different numbers on same store sales. |
| 1:07.1 | I saw up 14% and up 16%. |
| 1:10.2 | We can just split the difference and say they were up double digits. |
| 1:14.0 | Lulu Lemon also raised guidance. |
| 1:17.0 | Shares up, not up tremendously on the day, maybe one or two percent, |
| 1:22.0 | but I think that's because they've had a good run of late. |
... |
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