Meta Surges on Q4 Results, TikTok Fights Back Against Regulatory Scrutiny & Hologic CEO Stephen MacMillan on Earnings 2/2/23

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 2 February 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We begin today’s show discussing Meta’s latest earnings sending shares surging, with insight from our Julia Boorstin and Bernstein analyst Mark Shmulik. Then, Barclays Head of U.S. Equities Venu Krishna to discuss the Fed’s latest rate hike, and we preview Apple’s results after the bell with CNBC’s Steve Kovach and Cowen Managing Director Krish Sankar. Later, our Julia Boorstin returns for a look at TikTok fighting back against regulatory scrutiny, and Hologic CEO Stephen MacMillan joins after the medtech company beat the Street in Q4. 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	I'm Carl Quintanilla. You're listening to see NBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern listen in.
0:07.0	Welcome to Tech Check. I'm Carl Quintanilla with your Devosa and John Fort. Today Meta definitely wows the Street, a 20% pop for that stock as Mark Zuckerberg pivots to efficiency.
0:18.0	Best day since 2013.
0:20.0	All while tech stocks get a boost from the Fed, the
0:22.8	Aztec surge 2% yesterday, another two today.
0:26.2	All ahead of three major earnings reports tonight.
0:28.7	Apple, Amazon, and Alphabet coming this afternoon, D.
0:33.0	It'll be a big one.
0:34.0	Welcome to Tech Check.
0:35.0	We're going to cover it all.
0:36.0	Right now, mixed day on the street.
0:38.0	The Dow is falling, but the Nasdaq, I think David said,
0:40.0	ripping, it certainly is.
0:42.0	Better than expected results from meta improved sentiment
0:44.6	around tech shares the NASDAQ right now is up wow nearly 3% in the
0:50.2	S&P 500 up about one and a half like I I said, the down industrial is underwater by a little bit.
0:54.4	That move higher coming on the back of the Fed-fueled rally.
0:56.7	We saw yesterday as the Fed started to acknowledge inflation is slowing.
1:00.7	The NASDAQ is now up 4.5% this week.
1:04.0	Communication services, consumer discretionary.
1:06.0	Those are the sectors leading.
1:08.0	Energy and materials are the ones that are lagging, Carl.
	...

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