Tom Gardner

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979 appearances 13 recordings 1 series first heard Oct 2025 last heard 16 Aug

Tom Gardner’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 13 in all, peaking in Jul 2026 with 4.

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Motley Fool Hidden Gems Investing · Mag 7, Markets, and Mailbag with CEO Tom Gardner · 30 Apr 2026 podcast

These spends are going to have a dramatic impact downstream on companies that

Maybe they were somewhat flatline businesses and now the electrification boom is turning them into high growth margin rising companies with rising returns on invested capital.

So I'm continuing to look downstream for investments.

But I'd say out of the group that we've talked about so far, certainly I'm most interested in Google coming out of these earnings.

The mystery topic of the day is consumer sentiment.

When we look at the University of Michigan's consumer confidence scores, these are analysis across 600 households.

The scoring system has gone back to 1952.

and we are at the lowest reading in history typically the sentiment score might break down along political lines but of course scoring income and age and education as well as as key factors and yet all categories are showing numbers is at historic lows so the the economy right now is being powered by super tech

And those large technology companies are also sending some signals to the marketplace by cutting the size of their workforce as they're growing.

And you see Meta laying off 8,000 people and cutting back on 6,000 jobs it had listed.

while spending tens of billions of dollars in CapEx.

So the drive to AI compute is a much more aggressive spend in society than the drive for employment.

And we're just seeing that rippling in the white collar market right now and in large tech.

But what's going to happen with the impact across the marketplace as this spreads out across every industry?

And we see that AI tooling really does drive greater productivity gains, will deliver higher gross margins, higher operating margins, higher returns on capital for a lot of businesses.

But the question is, what will happen to the labor markets with all of these automations?

We're all asking this question.

It's showing up in the sentiment studies now by the University of Michigan.

And so consumer confidence is at historic lows.

And I would just say that we're in the zone today where we're getting almost true Pareto principle on spending, where 20% of households are spending and are controlling 80% of the wealth in the US.

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