What is a “Broista”? Find out on this week’s PlayingFTSE Show!
Mixed fortunes for the Steves this week in the stock market. It’s a return to normality for Steve D, but Steve W has underperformed just about everything.
Diageo’s full-year results caused the stock to climb 10% – but Steve W owns the stock and didn’t see the results as terribly positive.
It’s not long ago that investors were told to expect 5% per year in organic growth at least. Never mind, at least Gen Z are actually drinking more than they say they are, right?
Toast continues to go from strength to strength. The business, that is – the stock is down almost 10% this week after Q2 earnings showed a lower take rate.
The firm is branching into bigger businesses and retailers, so the decline is natural. But is the stock starting to emerge from under investor radars and become more mainstream?
Steve W’s been looking at Airbnb, which fell this week after its Q2 results. The market didn’t take kindly to an announcement of a big investment in Experiences.
This has been tried before and didn’t work – but maybe this time it really is different. Steve D was on the edge of selling not long ago, but might he go the other way now?
Dutch Brothers – a Steve D favourite – is putting up impressive numbers. Like-for-like sales growth across the coffee chain’s outlets is above 6%, which is very strong.
Equally impressive is the fact the firm has achieved this without putting up prices. That’s key to the firm’s value proposition for customers… as is the amount of sugar in its drinks.
Only on this week’s PlayingFTSE Podcast!
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► Timestamps:
0:00 INTRO & OUR WEEKS
8:57 DIAGEO
21:00 TOAST
36:35 AIRBNB
50:46 DUTCH BROS
► Show Notes:
What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy
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This information is for entertainment purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.