► Episode Notes:
Who used to sell fish before getting into the electronics business? Find out on this week’s PlayingFTSE Podcast!
Steve and Steve have a lot to get through this week – it’s all been going on in the earnings division! We’ve got stocks from the UK, stocks from the US, and stocks going up, down and everywhere.
First up it’s Entain – a Steve D holding that has it all. We’re talking acquisitions, regulation, growth, and more.
When is a bank not a bank? Answer: when it’s Charles Schwab, which we’re on to next, with Steve W thinking he might join his co-pilot in the stock.
After that, it’s Goldman, rounding out the US bank earnings for this quarter. Both Steves want to buy the investment bank, so why is neither of them thinking of doing it?
Then it’s Netflix time. Lots to look at with this one – one that Steve D was right about, one that Steve W was right about, and the huge news that the company is winding down part of its business..!
Next, we’re looking at Intuitive Surgical. This is another stock that the Steves admire and the business is surpassing expectations, but why does Steve W think that the robotic surgery company should be counted as a defensive stock?
ASML follows – one of Steve D’s best investments. The stock has been down this week, but since the company has enough backlog to see it through all but the longest recessions, is that an overreaction to slowing orders?
And we’re finishing the show with LAM research. A P/E of 14 is about to become a P/E of 20, but why do the Steves think it’s a good idea to buy this stock when it’s trading at higher multiple?
Find out on this week’s PlayingFTSE Show! ► Support the show: Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse (All proceeds reinvested into the show and not to coffee!) There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/ We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?) ► Get a free share! Trading 212 is OPEN to UK users again! If you'd like to sign up and get a free share you can do so on the link below! And full disclosure we get one too! https://www.trading212.com/invite/FMh1Cuvp ► Timestamps:
0:00 Intro
07:56 Entain
26:18 Schwab
31:55 Goldman Sachs
38:42 Netflix
46:15 Intuitive Surgical
52:24 ASML
58:21 LAM Research ► 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 ► Wanna get in contact? Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow Or on Instagram: https://www.instagram.com/playing_ftse/ ► Enquiries: Please email - playingftsepodcast@gmail(dot)com