Motley Fool Analyst Sanmeet Deo and hosts discuss Boeing's CEO change, Home Depot's professional market dominance, Johnson & Johnson's medtech expansion, McCormick's earnings, Amazon's AI investments. Elf Beauty CEO Tarang Amin shares social strategy success in market. Masimo and Mastercard stocks spotlighted by hosts.
Boeing seeks new CEO to address cultural issues and quality control after Calhoun's exit.
Johnson & Johnson eyes acquisition of Shockwave Medical for innovative technology in vascular treatment.
Home Depot's acquisition of SRS Distribution aims to capture more professional market share and drive sales growth.
Deep dives
Boeing's CEO to Step Down Amidst Company Issues
Boeing CEO Dave Calhoun is stepping down at the end of the year due to issues with the 737 Max line. The company will look for a successor who can address the cultural issues and emphasize quality control. The need for an external hire to focus on changing the corporate culture is highlighted, as evidenced in previous successful turnarounds in other companies.
Johnson & Johnson in Talk to Acquire Shockwave Medical
Johnson & Johnson is reportedly in talks to acquire Shockwave Medical, a leading medical device maker. Shockwave, valued around $11 billion, offers innovative intravascular lithotripsy technology. The acquisition could provide J&J access to groundbreaking technology for vascular treatment, enhancing its position in the medical business.
Home Depot's Expansion Through Professional Supply Company Acquisition
Home Depot's acquisition of professional supply company SRS Distribution for $18 billion signals a strategic shift towards the professional side of its business. This acquisition, the largest in Home Depot's history, underscores a commitment to capturing a larger share of the pro market. The move aims to accelerate sales growth by targeting professional customers and expanding its product offerings.
Amazon Deepens Investment in Anthropi for AI Development
Amazon has committed an additional $2.75 billion to AI startup Anthropi, intensifying its focus on generative AI technologies and strengthening its presence in the AI space. The investment reflects a trend of big tech companies positioning themselves for the AI future and underscores the growing importance of AI in various industries.
Krispy Kreme's Nationwide Expansion through McDonald's Partnership
Krispy Kreme's significant partnership with McDonald's for nationwide expansion is boosting its brand presence and market reach. The move, expanding Krispy Kreme offerings in thousands more McDonald's locations by 2026, presents an opportunity for Krispy Kreme to increase sales and brand visibility, leveraging a store-within-a-store model to tap into the consumer market more efficiently.
Boeing CEO David Calhoun is stepping down – who can step in to fix the company’s engineering woes and a culture issues?
(00:21) Emily Flippen and Jason Moser discuss:
- Boeing’s hunt for a new CEO, and the difficulty of shifting company culture.
- Big deals helping Home Depot corner the professionals market and Johnson and Johnson dive deeper into medtech.
- McCormick’s strong earnings, and Amazon’s continued investment in AI.
(19:11) Motley Fool Analyst Sanmeet Deo caught up with Elf Beauty CEO Tarang Amin about the beauty brand’s social strategy and the unconventional ways it’s scooping up market share from older competitors.
(30:39) Jason and Emily break down two stocks on their radar: Masimo and Mastercard.