Helping investors understand what’s going on.
In this podcast, Motley Fool senior analysts Jason Moser and Ron Gross discuss: Why short-term trading in and out of the market is not the answer.
Nick Maggiulli, COO of Ritholtz Wealth Management, discusses insights from his book, Just Keep Buying: Proven Ways to Save Money and Build Your Wealth , why it’s important to splurge, the data behind retirement savings, and much more.
To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center . To get started investing, check out our quick-start guide to investing in stocks . A full transcript follows the video. Video Player is loading. Play Video
Play
Mute
Current Time 0:00
/
Duration 0:00
Loaded: 0%
Stream Type LIVE
Seek to live, currently behind liveLIVE
Remaining Time -0:00
1x
Playback Rate
Chapters Chapters
Descriptions descriptions off, selected
Captions captions settings, opens captions settings dialog
captions off, selected Audio TrackFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteTransparencyOpaqueBackgroundColorBlackTransparencyOpaqueWindowColorBlackTransparencyTransparentFont Size100%Text Edge StyleNoneFont FamilyProportional Sans-SerifReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Should you invest $1,000 in Microsoft Corporation right now? Before you consider Microsoft Corporation, you’ll want to hear this.Our award-winning analyst team just revealed what they believe are the 10 best stocks for investors to buy right now… and Microsoft Corporation wasn’t one of them.The online investing service they’ve run for two decades, Motley Fool Stock Advisor , has beaten the stock market by 3X.* And right now, they think there are 10 stocks that are better buys. *Stock Advisor returns as of June 2, 2022 This video was recorded on June 3, 2022. Chris Hill: It’s a Motley Fool Money radio show, I’m Chris Hill and I am joined by Motley Fool senior analysts Jason Moser and Ron Gross. Good to see you as always gentlemen. Jason Moser: How are you doing Chris? Chris Hill: We’ve got the latest headlines from Wall Street. Nick Maggiulli from Ritholtz Wealth Management is our guest. As always, we’ve got a couple of stocks on our radar. But we begin with the weekend guidance. On Thursday, Microsoft officially cut their guidance for the current quarter citing the impact of foreign exchange rates. Earlier in the week JP Morgan Chase CEO Jamie Dimon said investors should brace themselves for an economic hurricane and that his company is planning to be very conservative with its balance sheet.After telling executives at his company that he expects them to be in the office five days a week, CEO Elon Musk said he has quote, “A super bad feeling about the economy” [laughs] and plans to cut 10% of the jobs at Tesla . Ron, let me start with you because we got the monthly jobs report Friday morning. I think that’s an important data point, but increasingly, I find myself paying more attention to what large companies are saying and doing. Ron Gross: Yeah. I think that’s fair. Macro reports certainly can be interesting, but they’re sometimes hard to decipher, and they’re even harder to predict where they’re going to go next. It’s safer and I think easier quite frankly, to focus on what management teams are telling us about their companies. For now, [laughs]based on your read right there, it certainly seems like they’re telling us that weakness is here and accelerating. “Economic hurricane” doesn’t sound that good to me, Chris. Now, I do think it’s important to note that management teams don’t have crystal balls either and they tend to over correct. What they see now and what they predict in the future doesn’t always come to fruition and sometimes they can either be too conservative or go the other way. But it certainly pays for us to listen, especially about the companies we’re watching closely. Specific to something like Microsoft, which is mostly a bringing doubt of guidance because of the strong dollar from the foreign currency impacts of that. They really only cut revenue guidance by less than one percent and they cut profit guidance by a little over one percent. We can take this in and we can understand what they’re doing. I don’t think we need to panic, especially if it has nothing to do with the operating business and it has to do with something macroeconomic like a strong dollar that is largely out of their hands unless they’re going to hedge. Chris Hill: […]
Protected by Patchstack