Three US & 2 UK - Any Of These Worth Your Time?

Playing FTSE

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► Episode Notes:

Who hasn’t been in a Wetherspoon’s in 15 years? Find out on this week’s PlayingFTSE Show!

It’s all stocks this week, as Steve and Steve look at the news from the UK and the US. Don’t worry about Apple or inflation, there’s plenty else to talk about…

The big story from this week is Reddit’s IPO. The stock jumped out to a good start after it first appeared on the public markets, but Steve and Steve are looking under the hood.

Is the best angle for investors an advertising platform, or a company with some valuable AI data? And is the underlying business ever going to make any money after nearly two decades without a profit?

Unilever has announced plans to spin its ice cream division off. The unit has five of the top 10 brands by sales, so the move might be a little surprising.

Steve W’s been taking a closer look, though. And the real question on his mind isn’t whether ditching Ben & Jerry’s is a good idea, but what the company plans to do with the cash…

The market does not like Nike’s earnings report very much. Slowing sales in China are really weighing on the share price and catching the attention of both Steves.

Could this be an opportunity in a company that has a strong track record and almost never trades at a discount? Or is that rainbow England flag just too much to bear?

Shares in J.D. Wetherspoon fell 8% after the company’s most recent trading update. And with earnings per share down around 50%, that seems to make sense.

Steve W thinks there’s more to the company than this, though. But is a free cash outflow over the last six months more of a problem?

The Lululemon share price has been falling sharply after a disappointing earnings report. Neither of the Steves are big fans of the brand, but the stock might be another question.

How should we think about the value of this type of brand? And is this a dip that’s worth buying for either Steve?

Only on this week’s PlayingFTSE Podcast!

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► Timestamps:

0:00 Introduction & Portfolio Updates!

8:00 Reddit IPO

26:33 Unilever

41:58 Nike Earnings

53:35 Spoons

1:06:08 Lululemon Earnings

► 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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