► Episode Notes:

Who used to sell fish before getting into the electronics business? Find out on this week’s PlayingFTSE Podcast!

Steve and Steve have a lot to get through this week – it’s all been going on in the earnings division! We’ve got stocks from the UK, stocks from the US, and stocks going up, down and everywhere.

First up it’s Entain – a Steve D holding that has it all. We’re talking acquisitions, regulation, growth, and more.

When is a bank not a bank? Answer: when it’s Charles Schwab, which we’re on to next, with Steve W thinking he might join his co-pilot in the stock.

After that, it’s Goldman, rounding out the US bank earnings for this quarter. Both Steves want to buy the investment bank, so why is neither of them thinking of doing it?

Then it’s Netflix time. Lots to look at with this one – one that Steve D was right about, one that Steve W was right about, and the huge news that the company is winding down part of its business..!

Next, we’re looking at Intuitive Surgical. This is another stock that the Steves admire and the business is surpassing expectations, but why does Steve W think that the robotic surgery company should be counted as a defensive stock?

ASML follows – one of Steve D’s best investments. The stock has been down this week, but since the company has enough backlog to see it through all but the longest recessions, is that an overreaction to slowing orders?

And we’re finishing the show with LAM research. A P/E of 14 is about to become a P/E of 20, but why do the Steves think it’s a good idea to buy this stock when it’s trading at higher multiple?

Find out on this week’s PlayingFTSE Show!

0:00 Intro

07:56 Entain

26:18 Schwab

31:55 Goldman Sachs

38:42 Netflix

46:15 Intuitive Surgical

52:24 ASML

58:21 LAM Research