Earnings Earnings Earnings!

Playing FTSE

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► Episode Notes:

Who accidentally bought a Cherry Pepsi Max this week? Find out on this week’s PlayingFTSE Show! After a massive stock market selloff on Monday, things have largely made their way back to normal. But both the Steves are down plenty enough in their portfolios. That’s ok, though, there’s plenty to talk about. We’ve got earnings from the travel sector, a cybersecurity tech business, and a fertility company to talk about. Following the success of our quick-fire round last time, we’ve got some more. Realty Income’s stock hit a 52-week high and Berkshire Hathaway has been selling Apple – Steve W’s on the case. Steve D has been looking at Vulcan Materials, Eli Lilly, and Reddit. Something of a mixed bag here, but there are some interesting moves going on. Shares in Airbnb fell 15% after the company’s earnings report this week. Steve W thinks the market might be barking up the wrong tree again, though. A slowdown due to weakening travel demand is probably no surprise. But with interest rates about to fall, what effect will that have on the firm’s bottom line? Steve D has been looking at Fortinet – and has made a decision based on the latest update. The stock took a huge jump, so is there more to come, or is it time to get out? A closer look reveals some interesting developments after acquisitions. The stock is at a normal-ish forward multiple, though, so how much margin of safety is there? Disney’s report was one of two halves – according to Steve W anyway. The streaming division is showing signs of strength, turning a profit a quarter sooner than it was supposed to. The parks division is going less well, though, battling inflation and that weak travel demand we talk so much about. The stock is down again, but is this a buying opportunity? Progyny’s shares have been falling and Steve D has been looking at why. There’s some pressure from the macroeconomy, but US big tech has more to do with it than it might seem. Is the stock a buy as it falls further? The long-term demand fundamentals are probably still as good as they were, so is the investment thesis from before still intact? Only on this week’s PlayingFTSE Podcast!

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► Timestamps:

0:00 Intro & Our Weeks

7:33 Quickfire Round

30:34 Airbnb

44:22 Fortinet

53:29 Disney

1:05:07 Progyny

► Show Notes:

What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy

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