Motley Fool Hidden Gems Investing Revenge of the Big Tech Stocks
Jul 31, 2020
The latest earnings reports reveal a surprising rise in Amazon, Apple, and Facebook, while Alphabet faces historic challenges. Teladoc Health shines with remarkable growth in telemedicine. Meanwhile, Starbucks and Sherwin-Williams adapt successfully to market pressures. The discussion also covers Apple's stock split implications and investment opportunities in wireless connectivity with CEVA. Listeners get insights into specialty insurance with Kinsale Capital and a fun take on JM Smucker's dividend history tied to quarantine snacking.
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PayPal's Growth
- PayPal hit an all-time high after strong Q2 results, adding 21.3 million new accounts.
- Their total payment volume increased by 30%.
Visa and Mastercard's Dip
- Visa and Mastercard reported lower payment volumes due to reduced travel and retail spending.
- This decline is expected to be temporary.
Teladoc's Continued Growth
- Teladoc's revenue grew by 85% in Q2, and they raised guidance for 2020 and 2021.
- The company is seeing growth in telemedicine usage even in non-hotspot areas.