Q2 Playbook, Disney and Peltz Ramp Up Proxy Fight, Bears Claw At Tesla 4/1/24

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 1 April 2024

⏱️ 41 minutes

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Summary

Carl Quintanilla, Jim Cramer and David Faber explored how investors could profit in the second quarter after a bullish Q1. Where do the "Magnificent 7" fit into the picture? The anchors also discussed the latest on the Disney-Nelson Peltz proxy fight ahead of the media giant's crucial shareholder meeting on Wednesday. Also in focus: Countdown to Tesla's delivery numbers after a rough Q1 for the stock, AT&T's data leak, Trump Media shares slump -- what you need to know about warrants. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:05.6	Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kingston-Nia with Jim Kramer. David Fabers back in post-9 of the New York Stock Exchange.
0:11.5	We kick off Q2 at record closing highs. Best start to a year since 2019 for the S&P. Big week with Tesla delivery data, Disney's annual meeting, and a job's number on Friday.
0:21.7	Our roadmap begins with the playbook for Q2.
0:23.6	More upside ahead, or do we brace for a pullback?
0:26.6	Also, Tesla investors saying good riddance to the first quarter, but the company is being
0:30.3	hit with bearish Wall Street calls ahead of the delivery number that's going to be delivered
0:34.7	this week.
0:36.0	Plus the Disney Nelson Pelt's proxy battle.
0:39.0	We're in the home stretch now.
0:40.7	The Media Giants' crucial shareholder meeting just a few days away.
0:45.1	Let's begin with a new trading quarter after a bullish Q1 for stocks.
0:48.5	Jim, although you wrote this morning, overbought here.
0:51.5	Better a seller than a buyer?
0:52.9	Yes.
0:53.2	Well, I mean, we haven't been this overbought since
0:55.3	the beginning of january which was a kind of a rough time uh i think that we do have uh very
1:01.3	little actual earnings news we have lots of very very things that are very important we got some
1:06.1	spin-offs too we got 3m spin off g GE. They'll be very exciting.
1:14.3	But yeah, I mean, I just feel like I don't like to buy it here.
1:19.6	We are, for the club, are huge believers that the risk award is bad. We offer this S&P, the oscillator is part of our package.
1:24.7	And it has been uncanny in telling you when not to buy.
	...

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