Morningstar’s Warning on Investing in Thematic Tech, Exclusive with Autodesk CEO Andrew Anagnost & AMC to the Moon

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 28 May 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

CNBC’s Bob Pisani joins us this Friday morning to explain Morningstar’s warning on investing in thematic tech. Then, our anchors chat about the recent run-up in AMC and a rare Apple downgrade by New Street Research. We also have CNBC’s Eamon Javers covering the latest details on Microsoft’s warning of a new hack. Autodesk CEO Andrew Anagnost joins us in an exclusive interview to discuss earnings. Then, CNBC’s Josh Lipton gives us the scoop on Box’s flare-up with Starboard Value. Our Jon Fortt reports on Apple marking its 20th anniversary in retail. Later, we are joined by CNBC’s Kate Rooney for more on AMC’s recent surge. And don’t miss Amazen booths – Amazon’s newest solution to promote worker wellness amid recent backlash.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern.
0:05.9	Listen in. Good Friday morning. Welcome to Tech Check. I'm Carl Kintania with John Ford and Dear Drubosa.
0:11.2	Today, AMC takes another billion dollars from the shorts, although stocks below the opening price.
0:17.5	An explanation of the mean trade resurgence is coming up next. Apple gets a rare
0:22.1	downgrade to sell this morning. We're going to tell you what's behind that call in just a moment.
0:26.9	And finally, a warning from Microsoft on a new hack. The latest on the group behind solar wins this hour,
0:32.7	John. Yeah, we're also focusing on building the future this morning.
0:36.7	CEO of Autodesk is going to join us this hour as earnings there show an inflection point.
0:41.1	And the company reports most countries at or above pre-COVID levels for them.
0:46.6	That's a promising sign for the pipeline to recovery.
0:49.0	We're also going to talk about how Apple stores built the future of physical retail 20 years after the first ones launched.
0:53.9	And how shopping for tech has never been the same. And retail 20 years after the first ones launched and how
0:54.5	shopping for tech has never been the same. And we'll touch on the week's wild ride for Bitcoin as
1:00.0	well as institutional investors and crypto bulls factor in this environment. Dee?
1:06.0	Well, John, speaking of building the future, thematic tech investing. We've talked a lot about
1:10.4	it here. Think Clean Energy, AI Cloud, Next Generation Tech.
1:13.6	That has been a very hot trade over the pandemic.
1:16.6	But this morning, Bob Pisani, a warning from Morning Star on the dangers of this kind of investing.
1:23.6	Yeah, very much a warning, Deirdre.
1:26.6	Everybody loves thematic tech investing, clean energy, cybersecurity, electric vehicles,
1:31.7	e-sports, robotics, cloud computing, all exploding in popularity.
1:36.0	But watch out.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.