Motley Fool Money Dry January, Big Banks, and Trouble at Disney HQ
Jan 13, 2023
Jason Moser and Ron Gross, both analysts at Motley Fool, dive into the current economic landscape, revealing insights on falling inflation and reactions from major banks like JPMorgan. They also tackle Disney's ongoing corporate struggles under activist investor pressure. David Henkes, from Technomic, shares compelling trends in the restaurant sector, including its surprising resilience during economic downturns and the rise of drive-throughs. The discussion wraps up with strategic investment opportunities in cybersecurity and infrastructure ETFs.
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Big Banks Prepare for Downturn
- Big banks are increasing loss reserves, anticipating a potential economic downturn.
- They are also benefiting from rising interest rates, boosting net interest income.
Wells Fargo Exits Mortgages
- Wells Fargo is significantly reducing its mortgage business due to regulatory pressures and rising rates.
- This marks a major strategic shift, narrowing their focus to existing customers.
Disney vs. Peltz
- Nelson Peltz is challenging Disney's leadership, citing issues like CEO succession and high costs.
- Disney is pushing back, but Peltz's activism could force necessary restructuring.