Filed under: Investing
In this video from Tuesday's edition of Investor Beat, host Chris Hill and Motley Fool analysts Mike Olsen and Morgan Housel dig into the biggest business stories from Tuesday's market facing Foolish investors today.
Microsoft has now appointed its new CEO, 22-year Microsoft veteran Satya Nadella, who replaces outgoing Steve Ballmer to be only the third CEO in the company's nearly 40-year history. Meanwhile, Bill Gates will exit his position as chairman of the board and move to a new role as technology advisor. In the lead story on today's Investor Beat, the guys discuss what initiatives they're hoping to see from Nadella, and why he may have been too conservative a choice for the company to have gone with.
Then the guys discuss four stocks making moves on the market today. J.C. Penney hit a fresh 52-week low today, after same-store sales for the fourth quarter rose by only 2%. Shares of Michael Kors were up big today, after third-quarter profit rose by 77%, with same-store sales in North America up by 24%. On Monday, RadioShack got a lot of praise for its Super Bowl commercial, but today The Wall Street Journal is reporting that the company plans to close about 500 of its 4,500 stores. And happy birthday to Facebook! The social network turned 10 today and got a boost to its share price as a birthday present.
Finally, Mike tells investors about the virtuous cycle that allows Progressive to grow and pass savings along to consumers, while Morgan discusses MasterCard, and the opportunity ahead of the company now that the economy is recovering and its lagging credit card business has a chance to catch up as consumers have more of an ability to pay off their debts.
Could your credit card soon be worthless?
The plastic in your wallet is about to go the way of the typewriter, the VCR, and the 8-track tape player. When it does, a handful of investors could stand to get very rich. You can join them -- but you must act now. An eye-opening new presentation reveals the full story on why your credit card is about to be worthless -- and highlights one little-known company sitting at the epicenter of an earth-shaking movement that could hand early investors the kind of profits we haven't seen since the dot-com days. Click here to watch this stunning video.
The article Investor Beat, Feb. 4, 2014 originally appeared on Fool.com.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
Read | Permalink | Email this | Linking Blogs | Comments