Motley Fool Money GDP, Tesla, FinTech, and "Burrito Season"
Jan 27, 2023
Join Emily Flippen, a senior analyst at Motley Fool, and Ron Gross, also a senior analyst, as they dissect strong GDP growth and its impact on the stock market. They explore Tesla's impressive performance and Chevron's record profits while discussing Intel's challenges and prospects. Deidre Woollard interviews Corrado Russo about the real estate market, focusing on REITs and their resilience. Also, grab your burrito! Chipotle's hiring spree for 'burrito season' sparks conversation about employee retention and stock opportunities like Mercedes-Benz and Domino's.
AI Snips
Chapters
Transcript
Episode notes
GDP Growth
- Despite recession fears, U.S. GDP rose by almost 3% in Q4 2022, exceeding expectations.
- This positive growth, fueled by government spending and a strong labor market, pushed the market higher.
Tesla's Record Revenue
- Tesla had record Q4 revenue of $24 billion, exceeding low expectations despite Twitter distractions.
- Automotive revenue grew 33%, and earnings beat expectations, showing resilience amidst competition.
Intel's Stock
- Intel's stock is trading at similar levels as seven years ago, despite current struggles and turnaround attempts.
- Consider valuation and question marks around their execution before investing.