Microsoft Surges After Earnings, and a Big Warning from JPMorgan’s Marko Kolanovic 1/24/23

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 24 January 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The tech giant posting strong results from its cloud unit, helping shares jump in the after hours. The traders dig in on the numbers and bring your their calls on the stock. Plus the Nasdaq off to its best start of the year since 2001, but one top strategist says the good times may not last.

Transcript

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0:00.0	Right now, in fast and major warning for Wall Street, a top-ranked market watcher says
0:04.8	he's outright negative on stocks, even with the strong start we've seen to the year.
0:09.0	JP Morgan's Mark O'Colanovic is here to lay out his case for why the S&P 500 could test
0:13.7	its October lows in the first half.
0:15.9	Plus, Google under fire, the DOJ filing its second anti-trust suit against the search
0:20.4	giant in just over two years.
0:22.1	The Biden administration wants to break up its online ad business.
0:25.1	How does this bulls-eye and big tech impact investing in the sector?
0:28.7	And later, Senator slamming Live Nation over its botched sale of Taylor Swift concert tickets
0:33.1	saying, ticket master has a monopoly-like control over artists, venues, and consumers.
0:38.8	But is this just the usual Senate saver rattling?
0:41.6	Will Live Nation just shake it off?
0:44.0	We'll debate that.
0:45.8	I'm Melissa Lee.
0:46.8	This is Vast Money Relaxing and As Like Market Site.
0:48.9	No bad blood on this test tonight.
0:51.2	Tim Seymour, Dan Nathan, Guy Damien, Botto and Eisen are all here with me.
0:55.7	We start off with the big bounce higher in Microsoft, the first of the big tech names
0:58.6	to report earnings accompli saying revenue growth in its Azure cloud unit beat analyst
1:02.9	expectations.
1:03.9	The conference call starts in just about half an hour, so things could change a lot, especially
1:08.5	once they drop guidance.
	...

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