Latest / The Curve / TCW13: All the bits and bobs of the stock market (including chats on miracle pimple patches!)

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TCW13: All the bits and bobs of the stock market (including chats on miracle pimple patches!) · The Curve

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  We're really excited to have partnered with Audi to bring you the Curve Weakly, a podcast
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  that encourages women to work towards driving a more progressive future. And if you haven't
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  already, check out our savings calculator at thecurve.co.nz to help you reach your savings
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  goals.
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  Hi and welcome to the Curve Weakly, the podcast that keeps you up to date with all the
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  money, business and stock market tea.
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  And they're exactly what I needed to do, but it would take money to get there. Show me
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  the money!
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  For the record, feminism by definition is the belief that men and women should have equal
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  rights and opportunities.
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  Everyone should experience for us class at least once in their lives and Annie shouldn't
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  miss out just because she can't afford it.
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  Help me own pool.
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  I was reckon so.
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  I met she down in the deep dark Hawks Bay.
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  Deep dark.
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  And I said deep dark.
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  It's so beautiful here.
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  It's like sunny Hawks Bay.
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  It's like the fruit bowl of New Zealand.
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  I love that.
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  It's so nice.
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  It's like we're all the apples and nectarines and peaches and, yeah.
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  I'm saying it's one of my best friends from school who have placed and they've got this
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  giant Fijoa tree on the side of the house.
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  And with my goddaughter who's won, we've just been picking up like hundreds of Fijos.
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  It's so cute.
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  And eating them?
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  Yes.
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  I was going to make an apple crumble and then no one really wanted to eat it, so I've
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  been eating them.
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  Yeah, sorry.
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  Yeah, yeah.
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  I mean, you can eat the Fijos to make an apple crumble.
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  Cool.
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  It's like a great idea.
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  Oh my god.
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  No.
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  I just make Fijos crumble.
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  Oh god, it was delicious.
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  I love Fijos.
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  Yes, oh yeah me.
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  The main, I would say the best.
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  No, not the best, but one highlight of the weekend has been discovering.
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  And I would like to preface this by saying this is not sponsored.
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  Pimple patches?
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  Like, have you seen these?
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  Oh, yes.
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  God, you're the second person that's been going on about pimple patches.
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  She was like, you've got to start using them this.
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  I just feel like they're going to be like colsor patch.
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  Colsor, colsor, colsor.
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  Colsor.
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  And then you don't need to wear in front of people.
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  Yeah, true.
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  Hey, you know what?
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  I got in the weekend.
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  A Fitbit.
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  Sorry to say.
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  Oh my god.
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  How weird.
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  I was just thinking about things not to wear in front of people.
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  Fitbit.
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  Oh my god.
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  I'm surprised you did that.
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  I know.
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  Same.
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  I went to no-leaming to get stands.
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  Tripods.
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  And I was like, you know what?
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  I'm going to need a Fitbit because I'm trying to do 15,000 steps a day each day for
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  this month.
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  Oh god.
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  Yeah.
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  And it tracks your sleep.
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  It tracks your menstrual cycle.
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  It tracks your stress.
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  Your eating.
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  It's actually.
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  Oh god.
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  And this is not sponsored by Fitbit.
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  But also, it's kind of ugly.
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  You know?
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  Yeah.
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  It's not.
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  It's not looking chic and I know.
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  I've been wearing shirts to hide.
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  The wrist.
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  Can you put it on like your upper arm or something so that it's there but not on show?
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  Yeah.
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  I mean, the straps.
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  Not that long.
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  But yes.
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  No, it's quite good.
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  It's quite incentivising.
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  You know?
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  I was actually going to walk to work this morning.
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  Sunny day.
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  I can see it now.
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  Every podcast.
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  It's going to be like, I mean, 8,000 steps today.
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  I did 20,000 years today.
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  Oh, all right.
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  Overachiever.
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  Anyway.
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  Stock market.
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  We had a really, really strong week last night.
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  Last week in the US stock market.
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  And it was the end of the first quarter of the year.
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  So a really strong finish to the March quarter, which is good.
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  And when I was doing the most searching, like what index.
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  You know, the amount of each index has gone up.
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  I was like, well, pretty much all four indexes.
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  So the S&P 500, the US one, the NASDAQ, which is the US.
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  The Australian and the New Zealand index were all up around 3%.
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  Which is quite weird.
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  Really?
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  I normally have that.
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  No.
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  Like, usually, you know, different countries perform differently.
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  And so I was like, well, that's quite, you know, little rolls of the tongue easy.
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  You know, all markets up 3%.
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  But most of the increase in the US was done on Friday.
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  And that's because we had inflation data out, which showed that inflation in the US was slowing.
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  Which is really good news, which meant even I'm super positive about that.
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  And the stock market was up really strong on Friday towards the end of the week.
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  But we actually had some really interesting news come out from Apple.
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  One of my favorite companies.
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  And they announced, I mean, I'm not too happy about this.
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  But they announced Apple Pay Later, which is there by now Pay Later service.
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  So they announced.
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  Oh, yeah.
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  How do you feel about that?
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  I mean, I can see from a business perspective why Apple has done it.
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  But to be honest, it's from a consumer point of view, it's not the best.
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  Do we think it's irresponsible?
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  I mean, yeah, but gosh, you know, like some companies that are out there to make money.
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  Do you know what I mean?
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  Like that's, they've got investors that need to make revenue that needs to make profit.
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  Here's an additional service we can provide.
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  Everyone's, you know, a lot of people in the US are using Apple Pay.
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  Let's just put on another card that's Apple Pay Later.
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  And so pretty easy to roll out from their point of view.
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  An additional service additional revenue stream.
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  And, but I want to, you know, like, social reaction is fair enough.
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  But for a lot of people, they'll probably be like,
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  why do you guys not like By Now Pay Later?
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  But the thing with By Now Pay Later is that it's effectively you living outside your means
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  and it really impacts your credit score.
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  Even if you pay it on time, it doesn't matter.
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  Yeah, By Now Pay Later is just, it's not a great mechanism.
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  And in my eyes, if you can't afford it, then don't buy it.
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  And it creates this world where, oh, well, instead of buying one t-shirt,
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  I can buy two for the same price and pay it off in four weeks.
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  It's like, that's not the mentality you should be having.
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  You should be like, you know what, I just need the one and I'm going to save up so that I can buy it.
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  It's a form of debt effectively.
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  Apple Pay is accepted by things like 85% of US retailers.
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  So to be now, we'll be able to offer this service.
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  It's going to be a big hit to a lot of other players out there like PayPal,
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  Block, which owns After Pay.
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  So all those companies saw their share prices fall slightly when this was announced.
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  The other thing that we had last week was Lululemon.
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  A lot of you will know this company.
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  Their shares jumped 14% after they announced their financial result,
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  which is pretty amazing for a company.
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  Dad, I'm annoyed I didn't invest because I had been thinking I shouldn't invest.
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  I used that stuff all the time.
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  Totally.
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  Yeah, and this is a trend that we could have all seen playing out.
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  Like, gosh, in my Pilates studio, I reckon about 90% of people wearing Lululemon.
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  So their share prices now at $360 and it was at $473 back in November 21,
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  when it's share price peak.
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  So even though it's up 14% after this really good result,
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  it's still a long way off where it was.
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  So could still be a bargain, so.
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  But their yearly sales have risen 30% compared to 2021.
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  So they're still growing.
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  And this is for a massive company.
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  But $360 growth in sales is huge.
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  Their last quarterly revenue was $3 billion,
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  which is pretty insane.
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  And this has all been affitting from people working from home,
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  people wearing a lot more Lululemon out and about in declubs.
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  That kind of thing.
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  You ran into declubs.
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  In the last thing that we saw a lot of last week
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  was a thing that I wanted to touch on, which is called comeback CEOs.
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  And we've seen this a lot recently.
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  It's like Disney.
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  Yeah, Disney, Starbucks as well.
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  The Howard Schultz, I don't know how it says name,
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  but he returned.
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  He was a founder of Starbucks and he's returned.
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  We saw it with Apple with Steve Jobs.
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  Surprisingly, Apple was about to go bankrupt.
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  Like, A, just a go.
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  And then Steve Jobs came back and created Apple
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  into what it is today and to one of the most.
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  Really?
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  Yeah. And so it's crazy to think that this happens.
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  And then recently with all the banks,
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  we explained how UBS, large investment bank and Switzerland
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  has bought credit, Swiss out of trouble.
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  And now the old CEO at UBS has come back
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  to take over that new combined business.
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  So it's interesting to see what will happen from UBS.
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  But majority of the time investors really like a comeback CEO
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  because they've been there.
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  They're well rehearsed and how the business operates.
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  They're kind of been brought back for a reason
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  because maybe the business is struggling.
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  And so they usually put all their heart and soul
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  into making it a better and more improved company.
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  But it's just an interesting trend that we've seen a lot of recently.
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  And majority of cases companies tend to do well once
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  an old CEO or a founder and it comes back into the fold.
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  But there was just something interesting I would bring up.
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  Is that like a, you know, is this a trend that you have spotted?
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  Or is there like headlines ever being like come back,
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  CEOs are a thing.
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  I mean, I'd like to say a spot it is,
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  but I did read a headline.
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  But it's quite a clever thing to pick up.
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  Yeah, I mean, we always talk about how we like to invest
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  in like founder lead businesses or CEOs have got a lot of skin in the game
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  or own a lot of shares.
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  And yeah, this is kind of another one of those things.
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  It's like, oh, they've been brought back for a reason.
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  They obviously did a really good job over there.
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  So it's like, cool, can you do that again?
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  So just before we go.
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  So if you know that pimple patch that you were going on about.
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  Yes, yes, yes.
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  Can you look on the packet? Do you have the packet?
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  Yeah, I've got it actually.
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  Who owns the company?
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  Because this is a really good example of finding a product that works
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  that you love, which means probably a lot of other people are finding the same way.
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  And you're going, oh, is this a publicly listed company?
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  Can I benefit from this growth?
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  Not just the patch.
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  It says distributed by Australian therapeutics applies.
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  Is that the, would that be the company now?
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  I will just Google and see it might be owned by another skin control.
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  Are you, is that in tune?
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  No, that's in Instagram, not there.
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  No, it doesn't look like it is a publicly listed company.
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  Made in Korea, that's the only other thing I've got in here.
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  Okay, well, I'm good.
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  But it's a good lesson.
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  To Google and just type in Australian therapeutic supplies or
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  parent companies.
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  Yeah, the name of the, the name of the product.
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  Is this a public company?
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  You know, Google is fantastic for that kind of stuff.
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  It's good.
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  Is she a good example?
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  I didn't think that.
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  Oh, they sell condoms too.
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  That's good to know.
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  Do that.
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  Yeah.
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  I'll give all the products to go, you know.
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  I'll give them the go and report back.
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  Hashtag ad.
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  Okay.
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  Thanks.
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  But if the condoms don't work.
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  Oh, God.
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  Let's hope they do.
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  Yeah.
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  Okay.
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  Already got fresh.
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  I can't get an STI.
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  No.
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  TMI.
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  And we're horrible.
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  Stop the podcast before that.
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  Okay.
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  Good bye.
• 10:54
  Progress is part of Audi's DNA.
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  Thanks so much to Audi for sponsoring this podcast.
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  And if you haven't already, check out our savings calculator that we've created together
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  to help you reach your savings goals.
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  It's at thecurve.co.nz.