Playing the Tech Rally, Disney vs. DeSantis, Should Apple Buy Disney? 3/30/23

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 30 March 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Carl Quintanilla and Jim Cramer explored the Q1 tech rally, with the sector on track for its best quarter since Q2 2020. Jim outlines the tech names he believes you should buy now. The anchors reacted to an analyst note from Needham, which says "there is material upside" for Apple if it would acquire Disney. Separately, a board appointed by Florida Governor DeSantis claims Disney has stripped it of its power. Also in focus, layoff announcements from the likes of Disney, Roku and Electronic Arts, RH CEO Gary Friedman speaks out about inflation and Fed rate hikes, Walmart upgraded, Sen. Rand Paul (R-Kentucky) slams the push to ban TikTok, is Intel worth buying? Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintania, on the opening bell hour of CNBC Squawk on the Street.
0:08.7	Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer at Post 9 of the New York Stock Exchange.
0:14.0	David Faber has the morning off. Futures powering ahead here after that 90% upday and that close above S&P 4K yields inch a little higher today, two-year
0:22.8	416. Of course, it is opening day for baseball. Our roadmap begins with that tech rally. The sector
0:28.4	on pace for its best quarter since 2020. Plus, should Apple buy Disney, one analyst sees a potential
0:34.9	material upside if they do. And don't mess with Bob Eiger. A board
0:39.6	appointed by the Florida governor claims that Disney has stripped it of its power. Let's begin
0:45.8	this morning with the surge in tech stocks. The NDX now up 20% from that December low. And the tech sector
0:51.2	is on pace for its best quarter since Q2 of 2020.
0:55.0	Susquehanna, great stat, Jim.
0:56.5	If you put together Apple, Nvidia, Amazon, Tesla, Microsoft, it's all of S&P gains here to date and then some.
1:03.6	Well, look, we're back.
1:05.5	When you have a slowdown, you're trying to analyze who's really being hurt by a credit crunch.
1:10.6	You know that these companies aren't being hurt.
1:13.3	David Costing comes out with a piece.
1:14.7	He recommends high margin stocks versus low margin stocks.
1:20.7	I'm going to that.
1:22.4	I'm recommending better stocks versus worse stocks.
1:25.1	I'm making a real breakthrough here.
1:27.3	And I love Dave. But the fact is, these companies are doing so well.
1:31.9	I mean, there's a piece today about YouTube doing well, you know, an alphabet piece.
1:37.1	And he's talking about their actual orders coming for Nvidia.
	...

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.