4.8 • 56 Ratings
🗓️ 3 May 2022
⏱️ 46 minutes
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0:00.0 | I'm John Ford. You're listening to CNVC's Tech Check. Our show is live weekdays at 11 a.m. Eastern, listen in. |
0:06.2 | Good Tuesday morning. Welcome to Tech Check. I'm Carl Quintanier with Deirdreboza and John Ford. Today, our tech stocks cheap and still not worth buying ahead of the Fed the |
0:16.0 | investor debate over evaluations at these prices. One example might be Chegg and the difficulty |
0:21.2 | of catching a falling knife was down 70% a pandemic darling now down |
0:26.4 | another 40 cratering after poor guidance the CEO is going to join us this hour and |
0:30.8 | then new this morning some bearish comments from a few investing |
0:33.6 | titans. Ray Dahlia warns that even though tech valuations have come in, |
0:37.4 | still not a good time to get long equities. While Paul Tudor Jones said this this morning on Squawk. |
0:45.0 | You can't think of a worse macro environment than where we are right now. Clearly still some market anxiety at these levels and John we continue to turn to |
1:00.4 | analogs that we have in the recent past like the dot-com bust where the |
1:04.4 | NASDAQ had a similar fall to this one but then continued to tumble in the |
1:08.6 | next couple of years. Yeah you know right here I was asking Lo Toni |
1:12.4 | yesterday whether this was a historic |
1:14.0 | opportunity not to buy anything and and so many of the CEOs that I'm talking to |
1:20.1 | both on the sort of large large cap side and smaller startup companies. |
1:25.5 | They've got a siege mentality, but some feel like they're inside the walls being laid |
1:29.7 | siege too. |
1:30.7 | Some feel like they're outside the walls. |
1:32.0 | And it's a question of resources |
1:33.6 | and business health do they have enough resources to tough out a perhaps |
1:38.2 | extended difficult time when it might be difficult to raise funding sure from the public markets but even in the |
1:44.5 | private markets as some of these venture capital investors start to be choosier about who they |
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