The following video is from Wednesday's MarketFoolery, in which host Chris Hill and Motley Fool analysts Bryan White and Matt Argersinger dissect the hardest-hitting investing stories of the day.
Buffalo Wild Wings managed to increase third-quarter profits 67%, a monster quarter for the company. One of the major factors involved was CEO Sally Smith's handling of the company's chicken pricing strategy shift. In the lead story on today's MarketFoolery, the guys discuss how well the company did communicating the new pricing strategy to customers, and what they think of the stock today.
Then, despite third-quarter profits that fell 53%, largely because of special legacy-related charges, shares of General Motors rose 4% today. The guys explain the special charges that weighed GM down for the short term this quarter and look at the broader success of the company's turnaround, and they also talk about their interest in the auto industry as a whole.
Also, shares of LinkedIn fell 8% this morning, after the company released its third-quarter earnings. While LinkedIn reported a loss of $3.4 million when analysts were calling for a profit, Bryan and Matt think that with the amount the company is reinvesting in its own growth, the loss wasn't nearly as big an issue with investors as the company's weak guidance going forward.
And finally, shares of Baidu hit a new all-time high today, and the company also increased guidance. While Q3 profits rose only 1.3%, Matt and Bryan discuss just how much of the company's revenue it is reinvesting in building out its mobile platform, and how much success the company is finding there. With 81% of the market share in search in China, the guys also discuss the dominance of Baidu in China today.
The tech war rages on
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