Barclays Cuts Estimates on Apple, Digital Advertising Trends to Watch in 2023 & Gauging a Potential Tech Stock Recovery 1/11/23

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.5 • 66 Ratings

🗓️ 11 January 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with CNBC’s Dom Chu covering emerging themes in the Dow to start 2023, and Grasso Global CEO Steve Grasso joins with his take on Salesforce, Intel and Disney. Then, Barclays analyst Tim Long joins after cutting his estimates and price target on Apple, and Cowen Managing Director John Blackledge shares his outlook for digital advertising in the year ahead. Next, our Julia Boorstin announces that nominations have opened for CNBC’s annual Disruptor 50 list, and Lux Capital General Partner Deena Shakir looks at the latest trends in biotech. Later, CNBC’s Brandon Gomez takes a deep dive into some gig economy stocks on CNBC’s “Just 100” company rankings, and Acme Capital Founder Hany Nada discusses the potential for a recovery in tech names.

Transcript

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0:00.0	I'm Deirdreboza and you're listening to see MBC's Tech Check.
0:03.6	Our show is live weekdays at 11 a.m. Eastern.
0:06.8	Listen in.
0:07.8	Good Wednesday morning.
0:08.8	Welcome to Tech Check.
0:09.8	I'm Carl Cantonier with your Drbosa and John Fort out of the dog house and now unleashed.
0:14.7	Why last year's worst performers on the Dow are thriving to start 2023.
0:20.2	Then is it time to start rethinking Apple?
0:22.1	The analyst who slashed his price target this morning
0:24.8	joins us.
0:25.8	Later on, have we reached a third act on streaming?
0:28.6	Why investors are not pulling the plug
0:30.8	on streamers so far in the new year D.
0:34.0	Check on the markets as we begin this hour.
0:36.1	Stocks are higher for the second day adding to this week solid gain so far.
0:39.7	The Nasdaq now on page sports first four day
0:42.3	win streak since September all 11th
0:44.6	S&P sectors are higher right now led by materials and the Nasdaq is the
0:48.8	out performer today John the Dow sitting around the flat line. Now speaking to
0:52.3	those markets within within the Dow,
0:55.2	there seems to be a theme emerging.
0:56.9	The worst have become the best,
	...

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