Breaking Down Meta’s Resurgence, Stellantis Raises Investment in Electric Aircraft & Shopify Pushes into Digital Advertising 1/4/23

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 4 January 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with New Age Wealth Advisors Co-Founder Todd Gordon discussing Meta’s resurgence over the past few months. Then, CNBC’s Phil LeBeau sits down with automaker Stellantis CEO Carlos Tavares and Archer Aviation CEO Adam Goldstein for a conversation on the electric aircraft industry. Next, CNBC’s Steve Kovach takes a deep dive into share buybacks at Apple, and Bespoke Investment Group Co-Founder Paul Hickey offers his top ideas for the year ahead. Later, Big Technology newsletter author Alex Kantrowitz discusses Shopify’s push into online advertising, and Ritholtz Wealth Management Managing Partner Michael Batnick joins after predicting Jeff Bezos could return as Amazon CEO in 2023. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Julia Borstin and you're listening to see NBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern listen in.
0:07.6	Welcome to Tech Check. I'm John Fort with Paul Tetonia back again and Deirdre Bosa. Today Meta named the top pick.
0:14.4	Microsoft downgraded. We debate if any of these fang calls have teeth.
0:19.2	Plus a Salesforce surge on labor pains, details on Benyoff's plan to cut a tenth of his workforce.
0:26.3	And later, well Jeff Bezos, pulling Eiger, the analyst behind a shocking opinion on a second
0:31.6	round as I amazon CEO, CEO Carl I don't think so.
0:35.0	We'll find out what they mean.
0:39.0	We want to kick things off though this morning with two big calls on the street today. A buy call on
0:43.7	Meta and a downgrade of Wall Street darling Microsoft. Let's begin with Meta giving
0:47.8	you a little context on where this stock has been recently. To say it's seen
0:51.4	its resurgence would be an understatement.
0:53.0	It went from Wall Street Dud to a Wall Street favorite
0:56.0	rallying 40% in the past two months.
0:58.0	As Tiktoc comes other further scrutiny
1:01.0	and Wall Street seized some green shoots.
1:03.1	Stock got upgraded to buy a JP Morgan named a top pick for the year at Stiefel, Baird,
1:07.8	city, and Goldman.
1:09.5	And today New Street initiating it with the buy.
1:12.1	Why all the optimism?
1:13.2	Well analysts are citing everything from increased cost discipline to a
1:16.7	real rebuild of the ad platform, improvements and engagement, and the general
1:21.1	idea that the negativity is getting priced in.
	...

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