Tesla, Meta, Microsoft, Alphabet lead big earnings week
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 21 April 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Show Notes
Is the AI trade losing favor?
Catalyst Watch
Dividend Roundup
Episode transcripts seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this |
| 0:09.5 | week's market-moving events, along with the weekend's top news and analysis. |
| 0:14.0 | Hello, today is Sunday April 21st, and I'm your host, Kim Khan. |
| 0:18.0 | The coming week will be dominated by earnings, with four of the Magnificent Seven stocks reporting. |
| 0:22.8 | Tesla will report on Tuesday. |
| 0:24.6 | Meta platforms weighs in on Wednesday, |
| 0:26.7 | and Microsoft and Alphabet are up on Thursday. |
| 0:29.5 | Deutsche Bank recently lowered its rating on Tesla, citing the delay in the launch of the model two. |
| 0:34.4 | MetaHousin's strong sentinence since 2023's year of efficiency strategy paid off. |
| 0:39.5 | Truis said it is likely to top forecasts and EBS said that for Microsoft and Alphabet overall cloud infrastructure |
| 0:45.9 | spending appears to be stable but it was still not yet hearing |
| 0:49.2 | anecdotes of any material cyclical cloud spending improvement. |
| 0:52.4 | The Magnificent 7, which also include |
| 0:55.1 | Apple, Invidia, and Amazon, have been the drivers of this bull run, but there are signs |
| 0:59.8 | that the AI trade is losing favor. Last week the seven lost a whopping |
| 1:03.8 | 950 billion in market cap. |
| 1:05.8 | NVIDIA saw the brunt of the selling down more than 14% for the week and shedding |
| 1:10.1 | nearly 300 billion in market cap. Chips as a group fell 9%, as ASML and TSM signal slowdowns. |
| 1:17.0 | The SMP 500 has been down for three straight weeks, |
| 1:20.0 | and the NASDAQ has been down six of the last seven. |
| 1:23.0 | Goldman's trading desk pointed to geopolitical uncertainties, |
| 1:26.0 | a higher for longer rates regime, |
... |
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