Wall Street is by nature a forward-looking place. Last quarter's results are old news almost before the earnings reports arrive. When investors assess companies, they're less interested in "What have you done for me lately?" and more interested in "What will you do for me later?" So it should come as little surprise that the 30% pummeling the market gave to shares of Ulta Beauty (NASDAQ: ULTA) on Friday was driven not by its second-quarter numbers -- which were strong -- but by its tepid forecast. And speaking of forecasts, while it's impossible to predict specific weather events with any accuracy more than a handful of days in advance, we can predict that, overall, there will be a growing number of natural disasters as climate change advances. And that will affect certain industries in ways that investors need to factor into their calculations.
In this MarketFoolery podcast, host Chris Hill and senior analyst Jason Moser take the long-term view on both of those points, and also discuss the rapid growth of legal sports gambling apps.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. A full transcript follows the video.