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TechCheck

The Satori Fund’s Dan Niles Talks Tech Picks, Trivago CEO Axel Hefer on Holiday Travel Trends & Exclusive Interview with Dwayne Johnson

TechCheck

CNBC

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

4.566 Ratings

🗓️ 23 December 2021

⏱️ 43 minutes

🧾️ Download transcript

Summary

Our anchors begin today’s show looking at the S&P hovering within 1% of all-time highs, with tech outperforming all other sectors on the week. Next, Dan Niles, founder and senior portfolio manager of the Satori Fund, joins with his top tech picks of 2022, and our Julia Boorstin highlights why shares of JD.com are sinking today. Trivago CEO Axel Hefer also visits with insight into how the omicron variant is affecting holiday travel trends. Then, our anchors take a look at MKM’s list of high-impact, low-probability predictions for the year ahead. Plus, actor and founder of Teremana Tequila and ZOA Energy Dwayne Johnson joins in an exclusive interview to discuss his latest blockbuster hit, his success in the spirits industry and much more. And later, it’s the final day of Julia Boorstin’s three-part deep dive into the metaverse.

Transcript

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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 Thursday morning. Welcome to Tech Check. I'm Carl Kintania with John Ford and Julia Borsden.

0:11.0

Today, the major averages are going to try to make it three in a row on this holiday shortened trading week.

0:16.3

S&Ps less than half a percent from a record high, but the NASDAQ still trailing the broader market since peaking on November 22nd.

0:25.8

Plus 10 cent giving away at stake in JD.com.

0:28.8

Shares going in opposite directions this morning.

0:31.3

And then you can smell what the rock is cooking.

0:34.2

How about what he's brewing?

0:35.7

Dwayne Johnson will join us to talk about tequila,

0:38.4

Red Notice, and the streaming landscape. Let's start with tech stocks, the S&P, back within

0:45.3

1% of all-time highs in a volatile month. Tech is the best performing sector this week. But within

0:51.2

sectors, what's driving the snapback? We'll take a look at this chart,

0:55.1

the S&P 500 in the middle, the white line inching higher. And then you can see the wide dispersion

1:01.2

within tech sectors. Apple and semiconductors surging higher and cloud software in FinTech still struggling.

1:09.1

Those blue and green lines at the bottom of the chart, off their lows, but still underperforming

1:13.4

by 15, 20, 30 percent over the last three months, Carl.

1:18.9

You know, quite a lot of action there to set up 22.

1:23.8

Yep.

1:24.4

And again, you know, it's been what a week it's been for just Sumbiconductor News, Julia.

1:29.5

You know, we have got all these short-term concerns on capacity, but we continue to get more and more information about long-term capacity additions, like, for example, from Intel in a variety of countries all over the world.

1:42.9

But it's unlikely to have the kind of

1:44.9

impact near term that we need on supply chain. Yeah, certainly. But if you just look more broadly

...

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