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Closing Bell

Closing Bell Overtime: Big Earnings Movers 4/27/22

Closing Bell

CNBC

Business, News

4.4141 Ratings

🗓️ 27 April 2022

⏱️ 46 minutes

🧾️ Download transcript

Summary

Shares of Meta surge in after hours trade following a beat on earnings and user growth. But, Josh Brown from Ritholtz Wealth Management says investors shouldn’t trust the post-earnings bounce. Plus, Teladodoc gets crushed following a big earnings miss. Kari Firestone from Aureus Asset Management gives her reaction and analysis. And, Michael Santoli takes a closer look at all the stock moves in his “Last Word.” 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

Welcome to overtime. I'm Scott Wapner. You just heard the bells. We of course right here

0:03.4

post nine just getting started. Big show ahead. We begin with our talk of the tape. Decent

0:07.8

rebound for stocks sort of fizzled at the end. Still though a ton of

0:11.3

questions about where this market is going with critical earnings reports either imminent or still to come in the days ahead

0:18.0

Meta Qualcomm Pinterest and others hitting any second we'll get to them and of course we'll show you

0:24.4

the immediate stock reaction across the board. Our experts are here as well.

0:28.9

Half Times Josh Brown, the CEO of Ritholz wealth managementaltz wealth management. So-Fi is Liz Young.

0:34.1

And with me right here on set at Post-9

0:36.4

is Alex Cantruitz, big technology founder,

0:39.4

Josh and Alex, of course, our CNBC contributor.

0:42.2

So we are awaiting those numbers

0:44.3

Qualcomm and meta are the big ones we're looking out for but of course Alex it is

0:47.8

meta that everybody is focused on particularly after that bombshell last quarter.

0:53.0

Well it can't get much worse than it did last quarter right.

0:56.0

So you know Mark Zuckerberg is probably the happiest man in tech right now.

0:59.0

He's got Elon Musk taking all the negative attention.

1:01.0

His business has bottomed out about as far as you think it could possibly go.

1:05.7

So this quarter can't possibly be as bad,

1:08.0

but ultimately the fundamental questions are still there for Facebook.

1:10.6

Josh Brown, what's your outlook here?

1:12.8

As I said, the first ever drop in daily active users last quarter was an absolute bombshell.

1:19.1

And now after you had Netflix report, their shocker, you've had Snap, which wasn't all that great alphabet, and now

...

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