“You just saved baseball in 2020.”
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 18 June 2020
⏱️ 19 minutes
🧾️ Download transcript
Summary
Kroger’s 1st-quarter results were better than expected. Wirecard falls more than 60% after auditors can’t find $2.1 billion. Ford Motor unveils plans for hands-free driving in 2021. Bill Barker analyzes those stories, but more importantly comes up with a plan to save Major League Baseball’s season!
Transcript
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| 0:00.0 | It's Thursday, June 18th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill with me today, the one and only, Bill Barker. |
| 0:09.0 | Good to see you, my friend. |
| 0:10.0 | Good to be here. |
| 0:11.0 | Thanks for having me. |
| 0:12.0 | We've got automotive news, We've got FinTech news. |
| 0:16.4 | We are going to save the baseball season at the end of this episode, but we're going to start |
| 0:20.9 | today with groceries. |
| 0:23.0 | First quarter profits in revenue for Kroger came in higher than expected. |
| 0:27.0 | Shares down a little bit today, although I don't know. |
| 0:30.0 | I feel like if you're a Kroger shareholder, you've got to be pretty happy with the quarter they just put up. |
| 0:35.6 | Oh yeah yeah it was a good quarter but not a game-changing quarter and I think that's |
| 0:41.1 | maybe why the market isn't reacting as enthusiastically as I certainly would have |
| 0:46.1 | expected in response to a very very good quarter. The other thing that might be muting enthusiasm for the stock is no update on guidance and for sort of a business that's doing as well as this and is likely to be seeing rather consistent results at the moment, |
| 1:09.4 | you might expect that they could go ahead and give some guidance. |
| 1:13.8 | I don't know whether that's taking something |
| 1:16.4 | off the stock today or not, but it's a mild surprise, I guess. |
| 1:21.8 | Digital sales up 92%. |
| 1:24.4 | That's not surprising given all of the various companies on the spectrum of retail that have come |
| 1:31.7 | out over the last few months and they give their |
| 1:34.9 | quarterly report and everybody's digital sales are up big so that's not a big |
... |
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