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Closing Bell

Closing Bell Overtime: Amazon, Apple, Meta Report And What They All Mean 2/1/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 1 February 2024

⏱️ 46 minutes

🧾️ Download transcript

Summary

The final 3 Big Tech companies reporting earnings today: Apple, Amazon and Meta. We have you covered with instant reaction to these market-moving numbers. Wedbush analyst Dan Ives and Evercore’s Amit Daryanani break down Apple; Third Bridge’s Scott Kessler and Roth MKM’s Rohit Kulkarni make sense of Meta and Amazon, including Meta’s first-ever dividend. Plus Bespoke’s Paul Hickey and G Squared’s Victoria Greene on how to play these trades.

Transcript

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0:00.0

Stocks bouncing back major indices ending near the highs after yesterday's post-fed selloff

0:08.2

that's the scorecard on Wall Street but winners stay late for five and a half

0:11.7

trillion dollars of market cap at stake in a

0:13.7

massive hour of earnings welcome to closing to overtime I'm John Fort with

0:17.1

Morgan Brennan and we are just moments away from a trio of Magnificent seven

0:21.9

earnings we will break down the results from Amazon, Apple, and Meta as soon as they are released

0:27.6

and get analysts and shareholder reaction as we count down to all of the earnings calls.

0:32.8

And let's bring in our market panel.

0:35.0

Joining us now are Paul Hickie from bespoke.

0:37.3

Victoria Green from G-square private wealth.

0:40.0

Dan I's from Wedbush and our own Mike Santoli,

0:43.8

CMEC Senior Markets Commentator.

0:45.3

Dan I just sat down, so I'm gonna hit you right off the top

0:47.8

because Amazon Invidia Oracle

0:50.1

among the names under the best performers in tech today.

0:53.3

This is right up your alley.

0:54.9

A lot of people were looking for these names to fade,

0:57.2

but they haven't exactly.

0:58.8

Yeah, I think it's just a super bowl for tech earnings.

1:01.4

And I think, ultimately, what we're seeing here is that despite a lot of the bears out there,

1:06.4

we're seeing resilient spending from digital advertising to enterprise to the AI

1:11.4

revolution.

...

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