Alibaba racks up a record $75 billion in sales as part of its Singles’ Day promotions. Shares of Wix.com may be falling today but the website creator’s stock has doubled in 2020. Maria Gallagher analyzes those stories, as well as the latest quarter from Edgewell Personal Care.
Nov 12,2020 • 15:22
Listen to Singles’ Day, Alibaba, and the Rise of Wix.com
Janet Yellen is set to become the first female U.S. Treasury Secretary. Dollar Tree, Best Buy, and Burlington Stores issue 3rd-quarter reports. Bill Barker analyzes those stories, as well as McCormick’s move to buy Cholula hot sauce for $800 million. (Tangents include power couples, Cholula vs. Frank’s RedHot, and the proper way to store hot sauces.)
Snap unveils Spotlight, a TikTok-like feature on Snapchat. Korn Ferry bounces back in the wake of more positive vaccine news. Jason Moser analyzes those stories, plus we dip into the Fool Mailbag to discuss the role that ETFs can play in your investing.
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Nvidia posts big numbers in the 3rd quarter, but shares of the chipmaker fall a bit on guidance. Macy’s 3rd-quarter digital sales can’t save the troubled retailer. The SEC is reportedly working on a plan to require Chinese companies to use auditors overseen by the U.S. or risk being shut out of American stock exchanges. Bill Mann analyzes those stories and weighs in on the early rush of radio stations flipping to “Holiday Music” formats.
Target’s stock hits an all-time high after a blowout 3rd quarter. Lowe’s falls despite 3rd-quarter sales rising 30%. Ron Gross analyzes those stories, as well as the latest vaccine news, and a pair of secondary offerings from cruise lines.
The launch of “Amazon Pharmacy” sends shares of CVS Health, Walgreens, Rite Aid, and GoodRX down 10-20%. Jason Moser analyzes the opportunity for Amazon and the various threat levels for different companies in the industry. Plus, we discuss the latest results from Walmart and Home Depot, outlook for the holiday season, and Home Depot’s lack of a loyalty program for everyday consumers.