Closing Bell Overtime: Seesaw session, After hours action galore, Unity Software CEO on post-earnings tumble 2/23/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 23 February 2023
⏱️ 44 minutes
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| 0:00.0 | Well, you got the scorecard on Wall Street, but winners stay late. |
| 0:03.4 | Welcome to Closing Bell Overtime, I'm John Fort, along with Morgan Brennan and Morgan, |
| 0:08.6 | the earnings are going to be coming fast and furious this hour. |
| 0:11.6 | We got reports from Carvana, Block, booking |
| 0:14.5 | Holdings into it. Warner Brothers Discovery, Autodesk, and more. |
| 0:18.3 | That's right and we're going to bring you all those headlines as they cross. |
| 0:21.8 | Plus we're going to talk to the CEO of Unity Software, |
| 0:23.9 | which is falling sharply today on the back of that company's results. |
| 0:28.0 | Well, let's get straight to our market panel. |
| 0:30.5 | Joining us now, our Adam Chris Afooli from Vital Knowledge and Paul |
| 0:33.8 | Hickey from the Spoke Investment Group Adam you've been saying that |
| 0:39.3 | dips to 4k or lower should be bought and that's exactly the right playbook for today. |
| 0:45.6 | We ended up right around that level but what do investors do from here would you say? |
| 0:51.2 | Add to positions and wait for dips or try to look for the next |
| 0:54.8 | Palo Alto networks and next NVIDIA? Yeah I think for the broader S&P dips down |
| 1:00.3 | you know to the level that we got to yesterday, especially below 4,000, which we were below briefly, should be bought. |
| 1:07.0 | I think you're in, you know, this, you're in a tough patch of data right now that has helped move yields higher. I think we're going to move out of it |
| 1:16.1 | relatively soon the next couple of weeks. I think you're going to see more pronounced |
| 1:19.6 | disinflation setback in. I think you're going to see the jobs momentum fade off of that big hot January figure. |
| 1:26.0 | So that's going to help relieve some of the pressure from yields and from fed hawkishness. |
| 1:30.0 | And then I think earnings overall over the last several weeks, it's been far from a perfect season, |
| 1:34.8 | but I think companies are a lot more resilient than they're often getting credit for. |
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