Breaking Down FAANG’s Q2 Earnings, Retail Investors Ramp Up Interest in Tech & Ethereum Rises 60% in July 8/1/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 1 August 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors start today’s show with Needham senior analyst Laura Martin breaking down last week’s FAANG earnings, and Wall Street Journal markets reporter Gunjan Banerji joins after publishing a new story on retail investors ramping up interest in tech stocks. Next, Satori Fund Founder Dan Niles discusses the potential for a recession, and CNBC’s Steve Kovach offers insight on mega-cap names flashing warning signs about the economy. Then, Bernstein analyst Stacy Rasgon joins on Intel’s Q2 results, and CNBC’s Leslie Picker reports on David Einhorn’s Greenlight Capital investing in Twitter. Our Julia Boorstin also checks in on the continued expansion of the metaverse, and CNBC’s Jennifer Elias covers Google calling on employees to help drive better results. Later, CNBC’s Kate Rooney looks at cryptocurrency Ethereum’s 60% rise over the last month. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Julia Borsden, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern, listen in.
0:08.3	Good Monday morning. Welcome to Tech Check. I'm Carl Kintanio with John Fort. Deirdrebosa has the day off.
0:13.5	Today, past winners, once again, lead stocks higher. Apple, Netflix, Marvel, Big Gainers, as the
0:19.0	NASDAQ bounced back in July, is now the time to double down.
0:22.6	Kathy Wood thinks so, once again calling growth names the new leadership and calling a market bottom.
0:27.6	We're going to break down some of her calls within tech.
0:29.6	And then we've now heard from a lot of the tech heavyweights.
0:32.6	Some warning of further deterioration and ad spend, others the need to reduce hiring, some areas of consumer weakness.
0:40.2	What is the pull through for earnings this week?
0:43.0	We're going to get Uber, Lyft, DoorDash, Airbnb, and Gaming, Activision, EA, and FinTech, PayPal, and Block could get some insight into spending habits and business activity.
0:57.8	John, 150 plus S&P names, and about a third of the consumer. So today's a pivotal week. Yeah, it kicks off a pivotal week after another
1:03.9	pivotal one. And the temptation is you had a lot of big names, you know, mega caps last week to think,
1:09.0	oh, well, this week, no big deal. No, I think it is a big deal.
1:11.4	You know, we got, as you just mentioned, PayPal, Block, Twilio, Robin Hood. So some of the momentum names,
1:20.3	some of the risk-on sort of names that have been benefiting or had been throughout July,
1:24.9	as we have questions about what's going to happen in August,
1:27.7	and can that momentum continue?
1:30.2	Who knows? The guidance here might have something to say about it,
1:33.2	and I'm particularly interested to see what AMD does tomorrow.
1:36.8	I know you got Lisa Sue on Squawk on the Street Wednesday morning as well,
1:41.3	because the overall PC industry has been the state of decline perhaps,
1:46.2	but is she able to eke out through perhaps share in data center a better story than we heard
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.