Motley Fool Money More Rate Hikes Coming
Oct 7, 2022
In this discussion, Andy Cross and Jason Moser, both seasoned analysts, dissect the implications of September's jobs report signaling possible interest rate hikes. They delve into AMD's lowered revenue forecast and Constellation Brands' quarterly losses. Malcolm Ethridge shares insights on seasonal hiring trends and earnings expectations, while the panel speculates on DraftKings' potential partnership with ESPN and highlights promising stocks like Alphabet and Dream Finders Homes. Expect a lively debate on market dynamics and investment strategies!
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Constellation Brands and Canopy Growth
- Constellation Brands' investment in Canopy Growth continues to weigh down their financial results.
- However, their core alcohol business performed well, and they remain optimistic about the long-term potential of the cannabis market.
Peloton's Ongoing Struggles
- Peloton is cutting 12% of its workforce, its fourth round of layoffs, as CEO Barry McCarthy attempts a turnaround.
- McCarthy aims to right-size the retail footprint next and potentially sell the Precor business acquired in 2021.
Apple's Production Shift
- Apple is reportedly shifting some production to India, diversifying its supply chain.
- This move could reduce reliance on China, but the current shift is small relative to Apple's overall production.