Chegg CEO Dan Rosensweig on Earnings, Spotting Opportunity in Software Names & ZoomInfo Founder and CEO Henry Schuck on Q1 Results 5/3/22
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 3 May 2022
⏱️ 46 minutes
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| 0:00.0 | I'm John Fort. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in. |
| 0:07.0 | Good Tuesday morning. Welcome to Tech Check. I'm Carl Kinteneer with Deerbosa and John Fort. |
| 0:11.0 | Today, our tech stocks cheap and still not worth buying. Ahead of the Fed, the investor debate over |
| 0:17.0 | valuations at these prices. One example might be Chegg and the difficulty of catching |
| 0:21.9 | a falling knife was down 70 percent, a pandemic darling, now down another 40 cratering after |
| 0:28.4 | poor guidance. The CEO is going to join us this hour. And then new this morning some |
| 0:32.1 | bearish comments from a few investing titans, Ray Dalio warns that even though tech valuations |
| 0:36.8 | have come in, still not a good time to get long equities, while Paul Tudor Jones said this this morning on Squawk. |
| 0:44.3 | You can't think of a worse macro environment than where we are right now. |
| 0:55.2 | Clearly still some market anxiety at these levels. |
| 0:58.7 | And John, we continue to turn to analogs that we have in the recent past, like the dot-com |
| 1:03.7 | bust where the NASDAG had a similar fall to this one, but then continued to tumble in the |
| 1:08.6 | next couple of years. |
| 1:09.8 | Yeah, you know, right here, I was asking Lo Tony yesterday, |
| 1:13.0 | whether this was a historic opportunity not to buy anything. |
| 1:16.4 | And so many of the CEOs that I'm talking to, |
| 1:20.4 | both on the sort of large, large cap side and smaller startup companies, |
| 1:25.4 | they've got a siege mentality, |
| 1:26.8 | but some feel like they're inside |
| 1:28.2 | the walls being laid siege too. Some feel like they're outside the walls. And it's a question |
| 1:32.5 | of resources and business health. Do they have enough resources to tough out a perhaps extended |
| 1:38.9 | difficult time when it might be difficult to raise funding, sure, from the public markets, |
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