Verizon: Forever in BlueJeans
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 16 April 2020
⏱️ 15 minutes
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Summary
Abbott Labs and Bed Bath & Beyond both deliver better-than-expected quarterly results. CEO Oscar Munoz shares United Airlines’ plan to cut flights in May. Costco boosts its quarterly dividend. Ron Gross analyzes those stories, as well as Verizon getting into the video conferencing business with its acquisition of BlueJeans Network. We also discuss why we’re rooting for Abbott Labs and Medtronic, and an idea for our newest basket of stocks.
Transcript
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| 0:00.0 | It's Thursday, April 16th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill with me today. |
| 0:06.7 | Mr. Ron Gross, good to see you, my friend. |
| 0:10.0 | Always good to see you, even if it's just virtually my friend. We got a lot going on. |
| 0:15.8 | We've got some dividend news. We've got an update on the airlines. We've got a new big |
| 0:20.6 | player in the video conferencing space space but we're going to start with some |
| 0:24.9 | earnings Abbott Laboratories first quarter profits and revenue came in higher |
| 0:29.5 | than expected they withdrew guidance for the full fiscal year and this is one of those |
| 0:36.4 | companies that I don't own but I'm rooting for them because they're one of the |
| 0:41.2 | companies that has launched some COVID-19 tests. |
| 0:44.3 | Wouldn't agree more and boy this stock has held up wonderfully in a really tough |
| 0:51.2 | environment which I guess is not surprising |
| 0:54.4 | due to the space they're in as you mentioned |
| 0:56.2 | stocks actually up 8% year to date. |
| 0:59.2 | So how's that for bucking on a trend? |
| 1:01.6 | It did kind of crater along with the rest of the market through that |
| 1:05.1 | March 23rd low, but since then an amazing bounce back largely because I think, as you |
| 1:11.0 | mentioned, they have three diagnostics out there right now |
| 1:15.1 | the third one that was actually launched on April 15th which is the antibody |
| 1:20.2 | test which so many folks are waiting for, so many administration, |
| 1:24.4 | governments, state and federal are waiting for to see if it will help us |
... |
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