FAANG Stocks Underperform in 2022, Alphabet’s Q1 Earnings Miss & Microsoft Beats Street in Latest Results 4/27/22

TechCheck

CNBC

Disruptors, Investing, Faang, Technology, Business, Management, Cnbc, Tech

4.8 • 56 Ratings

🗓️ 27 April 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show looking at the underperformance of FAANG stocks with Fundstrat Global Advisors Managing Partner Tom Lee, and Bernstein Senior Analyst Mark Shmulik weighs in on Alphabet’s Q1 earnings miss. Then, Evercore ISI analyst Kirk Materne discusses Microsoft’s latest results, and CNBC’s Mike Santoli breaks down the impact of valuation compression on different parts of the market. Next, CNBC’s Dom Chu looks at the Nasdaq showing signs of life just a day after hitting fresh lows for the year, and Former VMware COO Sanjay Poonen joins with insight on Microsoft and Google’s growing cloud business. Later, our Julia Boorstin offers an overview of big tech’s start to earnings season ahead of Meta and Pinterest reporting after the bell.

Transcript

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0:00.0	I'm John Ford. You're listening to CNVC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:06.3	Good Wednesday morning. Welcome to Tech Check. I'm Dearder Boza with John Ford. Today, a big for Alphabet earning a billion dollars less than it
0:14.1	did last year. Those YouTube results pretty dismal. Then there's
0:17.2	Microsoft Cloud Revenue, a huge driver behind that stock surge this morning.
0:21.4	Microsoft is up more than 5% right now.
0:24.7	Alphabet is weaker by about nearly 4%. All of these numbers of course ahead of
0:29.8	more results from names like Mediqom. Many more John it's a busy week.
0:34.7	Yeah, so I guess the question is, which one do you pay more attention to as an investor
0:39.7	looking to survive and thrive in the rest of this earnings week, the alphabet results or the Microsoft
0:45.1	results D.
0:46.1	And I think, yeah, I've got concerns.
0:47.6	I think for the market overall, alphabet's results probably mean more.
0:53.3	And here's my thinking.
0:54.4	Yeah, in a way, part of me is still traumatized
0:56.5	from the dot-com bust of 20-plus years ago.
0:59.3	But what we saw happen then was that marketing spend
1:02.3	was a canary in the coal mine and the
1:04.4	consumer sort of got hit first and then you had kind of this trickle through to
1:09.1	business so it makes sense that Microsoft which has a strong enterprise business, you know, number two in
1:15.1	cloud is going to have some strong results, a very diversified business.
1:18.4	But if you look at their more personal computing group that's exposed to consumer
1:22.0	PCs, if you look at what happened with
	...

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