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MarketFoolery

Zoom Drops, Kohl’s Pops

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 1 December 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

Zoom Video posts a strong 3rd quarter but concerns over slowing revenue send the stock south. Shares of Kohl’s pop 14% after the retailer announces a 10-year partnership with Sephora. Plus, we answer a listener question about potential investments for a “war on meat”. Bill Barker analyzes those topics and pitches his idea for a TV series involving Santa Claus, as we kick off our annual drive to expand the universe of holiday music.

Holiday music - “Have Yourself a Merry Little Christmas” by Shaggy

Transcript

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0:00.0

It's Tuesday, December 1st. Welcome to Market Foolery. I'm Chris Hill with me today.

0:07.0

Mr. Bill Barker. Good to see you. Good to be here.

0:10.0

We've got retail news. We've got a question about the next potential war on something

0:15.6

and I'm not talking about you know global wars I'm talking about you like the war on

0:19.9

cash that kind of thing. Bill has a Christmas movie to pitch me. Let me say up front that's

0:25.0

going to be in the second half of the show. We're going to try and keep tangents to the second

0:28.7

half of the show. So let's jump right in with Zoom video.

0:33.0

Third quarter results for Zoom video were better than expected.

0:37.0

Guidance for the fourth quarter was not what Wall Street wanted to hear,

0:41.0

and maybe Wall Street's getting a little greedy because if I'm not

0:46.5

mistaken Zoom video projected revenue growth for the fourth quarter at north of

0:51.8

320 percent and that's a little you know that's the slowing growth that is at

0:59.6

least for the day well not a death nail for Zoom video, but the stock has sold off about 13% today.

1:07.0

Yeah, far from a death nail, I would say, so the 52-week low for the stock, which you can imagine was roughly 12 months ago.

1:17.0

$62, high 588.

1:21.1

So back to 412, it's really about the same level it was right after the second quarter

1:28.8

fiscal second quarter report that it gave three months ago and the stock moved way up to this level.

1:34.6

Today it's moving down a bit back to the level. I think it's basically confirmation

1:40.3

that the floor underneath this stock is very very very secure or the floor under the

1:46.7

company the ceiling he gets reduced as you know the the vaccine news comes in better there's been a lot of that lately and

1:59.4

that puts a little bit of a cap on on the very near term story of Zoom.

2:05.8

And if people get to go back to their old lives,

...

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