Motley Fool Money Fed Chief Speaks, Wall Street Reacts
Aug 26, 2022
Emily Flippen and Jason Moser, both Senior Analysts at Motley Fool, dive into the market's reaction to Federal Reserve Chairman Powell's recent comments, discussing why long-term investors shouldn't panic. They also analyze the contrasting fortunes of tech giants Snowflake and Zoom, along with Ulta Beauty's impressive performance. Maria Gallagher interviews Harvard professor Ranjay Gulati about insights from his book, emphasizing the balance between profit and purpose in business. The duo also shares investment ideas, including Doximity and Autodesk.
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Market Reaction to Fed Chair's Comments
- Jay Powell's warning of economic pain caused a market dip, but this was predictable given inflation.
- Long-term investors shouldn't be surprised, as the Fed's actions are necessary to control inflation.
Snowflake's Success
- Snowflake's strong performance this week can be partially attributed to Zoom's poor results.
- Snowflake's impressive growth and margins reminded investors of its importance as a partner.
Zoom's Slowing Growth
- Zoom Video's drop to a two-year low is due to slowing growth and lowered guidance.
- This normalization was expected as pandemic buying patterns subside and enterprise focus increases.
