Motley Fool Money Rise of the Machines, Jobs, and Earnings
Aug 5, 2022
Jason Moser is a Senior Analyst at Motley Fool, diving into market trends, while Matt Argersinger analyzes earnings reports. They discuss the job market's surprising growth and Starbucks' beverage-driven success. PayPal's strategic simplicity, MercadoLibre's stellar earnings, and Amazon's game-changing acquisition of iRobot are all on the table. Moser and Argersinger also dissect eBay's financial performance and Uber’s record revenue, while sharing insights on Procore Technologies and Stanley Black & Decker as promising investment picks.
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Jobs Report Paradox
- The July jobs report shows robust growth, with 528,000 jobs added and unemployment at 3.5%.
- This positive trend raises questions about the recession definition, especially with tech companies' hiring freezes.
Starbucks' US Strength vs. China Slump
- Starbucks' US sales thrived due to cold drinks, offsetting China's 44% drop due to lockdowns.
- Despite higher prices, increased coffee and labor costs squeezed operating margins to 16.9%.
PayPal's Refocused Strategy
- PayPal's Q2 results beat expectations, boosted by a $2B stake from Elliott Management and a back-to-basics approach.
- They are focusing on core products, cutting costs by $900M, and authorized a $15B share repurchase.