The Bull Case for Microsoft, Apple CEO Tim Cook Speaks at Global Privacy Summit & Bolt CEO Maju Kuruvilla on $1.5B Acquisition 4/12/22

TechCheck

CNBC

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

4.8 • 56 Ratings

🗓️ 12 April 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors start today’s show with Kindred Ventures Managing Partner Kanyi Maqubela offering his perspective on the tech sector and Elon Musk deciding against joining Twitter’s board of directors. Then, Evercore ISI analyst Kirk Materne shares his bullish outlook for Microsoft, and Wall Street Journal markets reporter Gunjan Banerji discusses investor confusion surrounding the current market volatility. Next, CNBC’s Steve Kovach reports on Apple CEO Tim Cook’s comments at the IAPP Global Privacy Summit in Washington, D.C., and our Julia Boorstin breaks down three bearish calls on Netflix this morning. Later, fintech check-out company Bolt CEO Maju Kuruvilla joins after announcing plans to acquire crypto infrastructure provider Wyre for $1.5 billion.

Transcript

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0:00.0	I'm Carl Cantonilla. You're listening to see NBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:16.3	Good Tuesday morning. Welcome to Tech Check. I'm Deerta Bose with John Ford and Carl Quintanilla. Today, UBS upgrades, Tech, after valuation's crater to start the year. P firms have been buyers should you be as well. Then
0:23.8	Microsoft Bulls Beware Bear Calls on MSFT, Netflix, and Cisco. We will discuss
0:29.8	all three of those and later Tim Cook's fighting words the latest in the Elon
0:33.8	Musk Twitter Saga and adding context to Warren Buffett's bet on PCs John.
0:38.8	Yeah but that UBS upgrade of the tech sector is where we're going to start our feed this morning.
0:44.4	They're bullish on IT and software spending the second half of the year
0:47.8	after a brutal period of valuations for tech stocks that led to PE firms taking advantage.
0:53.6	New Bank of America data shows investors are already following suit
0:57.6	pivoting back into the tech trade.
1:00.0	So is this the time to get back in.
1:03.4	Carl, this note from UBS, interesting in that it really focuses on software quite a bit saying
1:11.0	software underperformed the S&P 500 index by 10% over the last six months and
1:18.7	you know you bs belief software can outperform going forward because of sales growth more than anything
1:27.2	else.
1:28.2	Yeah, they're looking at a lot of things we've talked about over the last year, labor issues, D, supporting productivity related
1:35.0	IT spending, and also assuming that rates consolidate in line with their baseline, that is going
1:41.7	to be the bigger if, yeah you got to be really
1:44.1	selected to right we just heard from Jeffrey Gunlock repeating that call that the
1:47.7	NASDAQ is going to underperform and just the amount of volatility we've seen
1:51.2	this year more than one trillion dollars from the NASDAQ 100 of earnings is going to be key and that that revs up this week with the big tech
2:03.7	companies coming over the next few weeks. Yeah let's talk about this with our friend
	...

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