Motley Fool Money The Motley Fool Money Half-Year Review
Jun 30, 2023
Join Andy Cross, a senior analyst at Motley Fool, Jason Moser, another senior analyst focusing on market trends, and Dave Meyer, VP of Growth and Analytics at BiggerPockets. They explore key economic indicators, the rebound of the stock market, and the latest from Nike's earnings reports. Dave digs into the housing market dynamics amidst rising rates and trends like aging in place and migration to the Sunbelt. Additionally, the team analyzes Amazon’s regulatory challenges and highlights Winmark's sustainable business model and impressive financials.
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US Economy and Inflation
- The U.S. economy is performing well, exceeding expectations from the start of 2023.
- However, core inflation remains twice the Fed's target, giving them reason to raise interest rates further.
McCormick's Performance
- McCormick reported strong results and raised its profit outlook, yet its stock sold off slightly.
- The stock's high valuation (33X full-year forecast) likely caused profit-taking.
Nike's Q4 Results
- Nike's Q4 sales exceeded expectations, but profits were slightly lower due to higher costs.
- Despite this, margins were higher than analyst estimates, and improvement is expected next year.