Rite Aid's Up, for Some Reason

In this episode of MarketFoolery, host Chris Hill talks with MFAM Funds’ Bill Barker about some market news. Rite Aid (NYSE:RAD) introduced some Amazon.com (NASDAQ:AMZN) collaborations, but the company is still adrift in a slow, sad sea of deceleration. McCormick (NYSE:MKC) had a bit of a revenue miss, which wouldn’t be terribly interesting except for how the company unironically blamed it on a late date for Easter. Howard Hughes (NYSE:HHC) is up on news that the company is seeking strategic alternatives — finally, the market is giving this company some love. Also, stay tuned for some quick updates about the next couple of weeks of the show.

To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. A full transcript follows the video.

[embedded content]

This video was recorded on June 27, 2019.

Chris Hill: It’s Thursday, June 27th. Welcome to MarketFoolery! I’m Chris Hill. Joining me in studio, from MFAM Funds, Bill Barker. Happy Thursday!

Bill Barker: Thank you!

Hill: Thanks for being here!

Barker: Thanks for having me!

Hill: We’ve got some earnings. One of the biggest movers in terms of stock appreciation today is a company that I don’t believe we have ever talked about in real history of this podcast. We will get to that. But we’re going to start with Rite Aid. The first quarter loss for Rite Aid was worse than expected. They still don’t have a CEO. If you’re looking for a job, that’s something maybe to consider. Why in the name of anything are shares of Rite Aid up today? I can’t see a valid reason why this stock is up.

Barker: Could be the announcement from Amazon that you can pick stuff up at the Rite Aid counter. That will give you a reason to go to Rite Aid, whereas before you

Read More Here...

Bookmark the permalink.