Closing Bell: Mega-Cap Tech Magic 4/26/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 26 April 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Meta preparing to report results after the bell after beats from Microsoft and Alphabet. But the big, looming question is: can Meta’s momentum continue after a strong run this year? Bryn Talkington of Requisite Capital and George Seay of Annandale give their expert takes. Plus, Disney is suing Florida Governor Ron Desantis over what the company is calling a “relentless campaign to weaponize government power.” NYT columnist Jim Stewart – who wrote the book on Disney – weighs in. And, we debate the state of the consumer with Victoria Fernandez from Crossmark Global.

Transcript

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0:00.0	Welcome to Closing Bell, I'm Sarah Eisen.
0:04.0	And today for Scott Wopner, we are live from Post 9 of the New York Stock Exchange.
0:08.0	This make or break hour begins with a mixed picture on Wall Street,
0:11.0	Nasdak of bright spot still, as investors cheer the first crop of big tech results.
0:15.6	Regional's though remained front and center as First Republic shares continue to get hammered extending their steep losses.
0:21.7	Disney fires back, suing Florida Governor Ron DeSantis,
0:25.1	alleging political retaliation.
0:27.1	Pulitzer Prize-winning New York Times columnist Jim Stewart,
0:29.6	who wrote the book on Disney,
0:31.0	will join us shortly. But first, we begin the hour with the talk of the
0:34.7	tape and the mega cap tech magic. Meta getting ready to report results in overtime
0:39.7	after beats from Microsoft and Alphabet shares of Facebook's parent company climbing already
0:44.4	80% so far this year.
0:46.7	Execution of Zuckerberg's year of efficiency certainly resonating with shareholders, but can
0:51.5	they keep it up?
0:53.1	With us now to discuss is Bryn Talkington requisite capital managing partner,
0:58.0	management managing partner.
0:59.5	She's also a CNBC contributor along with George C. Annandale Chairman and co-founder.
1:03.8	Good to have both of you on tech.
1:05.2	George, you own shares of Meta.
1:08.9	The bar has been set high by both Alphabet
1:11.4	and the stock performance so far this year. What do you expect?
	...

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