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CNBC's "Fast Money"

Big Tech Reports… And Eli Lilly’s Letdown 10/30/24

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 30 October 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Meta and Microsoft in focus, as the big tech names report results. How our traders are handling the moves, and what it means for entire tech trade. Plus Eli Lilly getting hit, as the pharma stock misses estimates and slashes guidance. So are the disappointing results a sign the weight loss drug boom is slimming out? Fast Money Disclaimer

Transcript

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0:00.0

Live in the Nazak markets I then the heart of New York City's Times Square.

0:04.0

This is fast money.

0:05.0

Here's what's on tap tonight.

0:06.0

Earnings abound.

0:08.0

Five trillion dollars worth of market cap reporting after the bell,

0:10.0

from Meta to Moca Lottes, we are dialed into the calls bringing you all the trades.

0:13.7

Plus weighty losses for Eli Lilly after the pharma Giant's GLP1 drugs come up short.

0:19.2

What it says about prospects for the company and for competition in the space and later a super slump for super micro the one-time

0:25.8

semi stand out nearly erasing all its gains for the year as its auditor calls it

0:30.8

quits the concerns they're raising and how deep the troubles

0:33.2

could lie. I'm Melissa Lee come to you live from Studio B at the Nasac on the desk

0:36.8

tonight. Tim Seymour, Karen Feynerman, Steve Grasso and Guyadami. We start

0:40.7

off with another monster night of earnings. Full team coverage on all the moves tonight Steve Kovac is standing by in Microsoft

0:46.1

Kate Rogers has got the details on Starbucks Kate Rooney pulling double duty on hood and coin base

0:51.0

We start off with Julia Vorsen who's just dialed into

0:53.4

Meta's conference call. Hey Julia, the call just getting underway as Meta beat

0:57.7

on the top and bottom lines. Meta also guiding to stronger than expected revenue

1:01.6

growth in the fourth quarter, but the stock didn't move lower

1:04.4

in after hours trading.

1:05.9

So what could be weighing on the stock now down about 2%?

1:09.2

Well, the company's revenue growth of 19% was stronger than expected, but still a deceleration

1:15.7

from the last two quarters growth rates.

...

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