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Apr 25, 2024
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. >>> the meta mess. stock sinking in the pre-market and looking to wipe out $200 billion of market value at the open. >>> and then ibm big blue getting hurt with the worst day since 2021. >>> a mega global mining tieup in the works on the back of surging copper demand. >>> later, the white house announces another multibillion dollar award to another giant. it's thursday, april 25th, 2024 and are you watching "worldwide exchange." >>> good morning thank you to much for being with us before we get start ed, a quick news alert the biden administration announcing a $6.1 billion funding agreement with micron under the chips and sciences act. the deal will be in support of the construction of the facilities in new york and idaho. micron investing $125 billion into the projects. president biden will be in syracuse, new york today we will have more this later in the hour look at micron shares down over .13%. >>> turning back to the trading day ahead and the check of the futures after a mixed session for stocks d
. >>> the meta mess. stock sinking in the pre-market and looking to wipe out $200 billion of market value at the open. >>> and then ibm big blue getting hurt with the worst day since 2021. >>> a mega global mining tieup in the works on the back of surging copper demand. >>> later, the white house announces another multibillion dollar award to another giant. it's thursday, april 25th, 2024 and are you watching "worldwide exchange." >>> good...
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Apr 24, 2024
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meta goes down, are you buying that down? >> meta goes down, would buy the dip. alphabet goes down, would buy the dip. microsoft goes down, would buy the dip. >> what about you, weiss >> they're all my positions, those three. if they went down substantially, i would upsize for a trade i'm not looking to add exposure. they're pretty significant if i didn't have a full position, i absolutely would buy the dip particularly on meta and google because i believe they're cheap relative to the market and their growth rate. i would say microsoft is fairly valued at this level, but, nonetheless -- >> it's fairly valued as the multiples come in. >> it has. if i weren't full, i would buy. >> microsoft really matters. it's a $3 trillion company it's the largest in the s&p 500. i know you didn't say that it's the largest company in the s&p 500. the second largest, apple is going to stumble like we think we'd better get something good for microsoft. >> i think people would agree with that. bryn, the same question, this idea of buying the dip if you have an opportunity to add to
meta goes down, are you buying that down? >> meta goes down, would buy the dip. alphabet goes down, would buy the dip. microsoft goes down, would buy the dip. >> what about you, weiss >> they're all my positions, those three. if they went down substantially, i would upsize for a trade i'm not looking to add exposure. they're pretty significant if i didn't have a full position, i absolutely would buy the dip particularly on meta and google because i believe they're cheap...
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Apr 25, 2024
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that's assumed to be meta. and then broadcom and meta work closely together on custom networking chips and lastly, meta promised to use amd's new mi-300 chip, they were discussing this at amd's last event, which is a competitor to nvidia, which could also bode well >> a lot of spending on that infrastructure >>> we'll have a lot more coverage of today's selloff ahead. let's get some show and tell, where we show you a chart and tell the story shares of southwest airlines down 9% after posting a wider than expected loss in the first quarter. ceo bob jordan saying earlier that the company has a lot of work to do to get back on track. >>> we had a strong first quarter, despite the financial results. we had record operating revenues, record passengers, record member adds but we have a number of markets in the -- across our network that are just not performing so we're taking action and further optimizing, we're cutting four cities, and we're restructuring heotr cities and taking other action. >>> welcome back to "th
that's assumed to be meta. and then broadcom and meta work closely together on custom networking chips and lastly, meta promised to use amd's new mi-300 chip, they were discussing this at amd's last event, which is a competitor to nvidia, which could also bode well >> a lot of spending on that infrastructure >>> we'll have a lot more coverage of today's selloff ahead. let's get some show and tell, where we show you a chart and tell the story shares of southwest airlines down 9%...
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Apr 25, 2024
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meta is going to be one of them. for long-term shareholders this is a great opportunity, they will do $25 earnings power even a low 20 multiple to mid in the beginning between 500 plus to 600 plus in the stock. when you look back and the earnings it has huge support with stock trading at 16 or 17 times right now. in terms of the worry i don't worry because i think they are doing the right thing. these investments are not going into the metaverse. they are going back into the core platform for users trying to have better engagement helps advertisers create campaigns faster it will send more ad dollars into the platform. it would be so easy campaign and find a user for your travel company for your apparel company , you'll be able to find more users and more relevant way. it pays off so i'm not worried. >> let's push ahead to alphabet and microsoft and if i draw commonality and there is an anxiety of what happened with meta it's the idea for all the billions of dollars in data centers around the world being built it doe
meta is going to be one of them. for long-term shareholders this is a great opportunity, they will do $25 earnings power even a low 20 multiple to mid in the beginning between 500 plus to 600 plus in the stock. when you look back and the earnings it has huge support with stock trading at 16 or 17 times right now. in terms of the worry i don't worry because i think they are doing the right thing. these investments are not going into the metaverse. they are going back into the core platform for...
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Apr 24, 2024
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us tech giant giant meta — the parent company us tec giant meta — the parent company for social media platforms facebook and instagram — reported first—quarter earnings. revenue and earnings both beat expectations but the share price is down over 15% in after hours trading. erin delmore explains why. meta ceo mark zuckerberg piqued investors interest when he predicted 2023 would be the year of efficiency and he won them over when he delivered on it. the stock nearly tripled last year. this year, meta shares are up another a0%. but on wednesday, meta released its first quarter earnings report and shares initially slumped during after hours trading. facebook�*s parent company did beat expectations on revenue and earnings, but it disappointed on its revenue forecast for the second quarter of the year. higher expenses also weighed shares down. so wednesday's earnings report marked a back down to earth moment for the formerly red hot tech giant, and it moderates expectations for the months ahead as the company grapples over how to generate profit off of generative aland drum up adver
us tech giant giant meta — the parent company us tec giant meta — the parent company for social media platforms facebook and instagram — reported first—quarter earnings. revenue and earnings both beat expectations but the share price is down over 15% in after hours trading. erin delmore explains why. meta ceo mark zuckerberg piqued investors interest when he predicted 2023 would be the year of efficiency and he won them over when he delivered on it. the stock nearly tripled last year....
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Apr 24, 2024
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here's what's on tap tonight a meta meltdown. shares hitting levels not seen since late january, as revenue guidance comes in below expectations this is the beginning of the end for the megacap rally? >>> plus, not the only earnings report catching our eye today. from ford to chipotle to ibm, we're digging into all of tonight's results and bringing you the trades. >>> and later, believe the bounce shares of tesla putting in their best day since january of 2022 even after an earnings report that left many pretty unimpressed. is this a sign that the ev maker can get back on track, or will a different reality set in for the stock? i'm courtney reagan in this evening for melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. and we start off with meta shares plunging 11% after the company gave weak revenue guidance for the year. it also said capex would be higher than expected thatowing a beat on the top and bottom line it could be the worst drop sinc
here's what's on tap tonight a meta meltdown. shares hitting levels not seen since late january, as revenue guidance comes in below expectations this is the beginning of the end for the megacap rally? >>> plus, not the only earnings report catching our eye today. from ford to chipotle to ibm, we're digging into all of tonight's results and bringing you the trades. >>> and later, believe the bounce shares of tesla putting in their best day since january of 2022 even after an...
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Apr 25, 2024
04/24
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this year, meta shares are up another a0%. but on wednesday, meta released its first quarter earnings report and shares initially slumped during after hours trading. facebook�*s parent company did beat expectations on revenue and earnings, but it disappointed on its revenue forecast for the second quarter of the year. higher expenses also weighed shares down. so wednesday's earnings report marked a back down to earth moment for the formerly red hot tech giant, and it moderates expectations for the months ahead as the company grapples over how to generate profit off of generative aland drum up advertising revenue in an increasingly crowded market. i spoke to tech analyst ray wang of constellation research, and asked him what he made of meta's soft outlook. they outperformed in their results, but the challenges, ai is really expensive when it turns out you're off by a couple million dollars, almost $5 million in costs to ramp up alto compete, and that's really the challenge here. the fundamentals are there, they are showing th
this year, meta shares are up another a0%. but on wednesday, meta released its first quarter earnings report and shares initially slumped during after hours trading. facebook�*s parent company did beat expectations on revenue and earnings, but it disappointed on its revenue forecast for the second quarter of the year. higher expenses also weighed shares down. so wednesday's earnings report marked a back down to earth moment for the formerly red hot tech giant, and it moderates expectations...
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Apr 24, 2024
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to your point, that messy rotation is ongoing. >> all right, julia boorstin, meta, meta, meta. what should we expect? >> meta shares are up 40% today and revenue at the company is expected to continue to accelerate its growth rate. top line is expected to jump by 26%, i think that is the key number to watch. 96% growth in earnings per share. all of that growth is expected to come from tailwinds from reels, from ai driving results for advertisers. a solid digital ad market, as well as perhaps some early revenue from the messaging business. analysts are very overwhelmingly bullish, 86% have it by rating on this stock, 11% have a hold. so, we will have to see if meta says anything about benefits to come from ai or how it could benefit from a tiktok ban. back over to you. >> julia, we will see you in ot. mike, you can't possibly keep up the sales growth pace. the question is, how much do you have to? >> exactly. as the year goes on, it will be interesting because growth is stepping down from monstrously high rates, 7% eps from meta, supposed to be 35 this year. in 2025, it is suppo
to your point, that messy rotation is ongoing. >> all right, julia boorstin, meta, meta, meta. what should we expect? >> meta shares are up 40% today and revenue at the company is expected to continue to accelerate its growth rate. top line is expected to jump by 26%, i think that is the key number to watch. 96% growth in earnings per share. all of that growth is expected to come from tailwinds from reels, from ai driving results for advertisers. a solid digital ad market, as well...
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Apr 25, 2024
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jason, what do you make of meta? and zuckerberg is being honest, laying it all out on the table >> one, the quarter was solid. revenue was up, net income was a double but i think to jimmy's point, the market is looking at when he talked about the spend, i think the market didn't respond well and made all the changes he needed to make, still down 10% the arms race is real. meta has to make this investment to remain competitive in the space. and i think it will play out i think zuckerberg has earned our right to respect his moves and where he is and what his vision is in terms of implementation i don't also think for engagement for the use case for a.i., i think it plays very well for meta >> shannon, you've been nodding your head. it feels like investment is the right thing despite the reaction in the stock price today >> to use jim's term naive earlier, it would be naive to look at what happened, there wouldn't have to be spend to monetize this excitement over a.i. this is not just for big cap tech companies today bu
jason, what do you make of meta? and zuckerberg is being honest, laying it all out on the table >> one, the quarter was solid. revenue was up, net income was a double but i think to jimmy's point, the market is looking at when he talked about the spend, i think the market didn't respond well and made all the changes he needed to make, still down 10% the arms race is real. meta has to make this investment to remain competitive in the space. and i think it will play out i think zuckerberg...
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Apr 25, 2024
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scott redler, i want to come to you first on meta. you just heard susan's report, the end crease in spending, the lowered guidance can. did the market not if test meta in terms of its investment? is there a credibility problem after that metaverse spending? >> i think the market's definitely giving them the benefit of the doubt. this morning went we came in, we were talking would meta be bought on the dip and it's well off the lows. the problem was it was near all-time highs and had a historic move in the past year and a half, so it was priced to perfection. when you come out with great quarter and you talk about a spend and you lower guidance, you're not going to get a big move, so you have to digest. so now meta has to prove that it's putting its money in the right place for a.i. which i do think is the way of the future. we see that, that's the next hot thing, and it's the been hot, you know, for multiple months with the move in the a.i. semis. as far as the stock is concerned, meta was priced for perfection. it didn't deliver what
scott redler, i want to come to you first on meta. you just heard susan's report, the end crease in spending, the lowered guidance can. did the market not if test meta in terms of its investment? is there a credibility problem after that metaverse spending? >> i think the market's definitely giving them the benefit of the doubt. this morning went we came in, we were talking would meta be bought on the dip and it's well off the lows. the problem was it was near all-time highs and had a...
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Apr 22, 2024
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meta, you've got meta, alphabet, microsoft all on deck. for that let's go to steve kovach with a look at what to expect. steve? >> reporter: hey there, tyler. it will start this week with meta on wednesday, and then we get microsoft earnings and alphabet on thursday. amazon and apple are coming next week. take a look at each one of these names through the lens of ai. not big business yet for any of these names, but some are progressing more than others. let's call this your ai gut check. let's start with meta partnering with google last week to power a new version of its meta ai chatbot. the most important thing here for meta is engagement, proving this keeps people using meta apps like whatsapp and instagram and facebook. it debuted to millions of users last week starting with a huge user base to start with there. one thing to listen here is any hints at co-pilot sales. that's the digital ai assistant they're selling, and a taste of ai revenue growth from the azure cloud unit. over to alphabet, reorganizing their product teams ahead of ai
meta, you've got meta, alphabet, microsoft all on deck. for that let's go to steve kovach with a look at what to expect. steve? >> reporter: hey there, tyler. it will start this week with meta on wednesday, and then we get microsoft earnings and alphabet on thursday. amazon and apple are coming next week. take a look at each one of these names through the lens of ai. not big business yet for any of these names, but some are progressing more than others. let's call this your ai gut check....
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Apr 24, 2024
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meta and its ai investments. it's wednesday, april 24th, 2024, and you're watching "worldwide exchange" right here on cnbc. ♪ >>> welcome back to "worldwide exchange." i am frank holland coming to you from cnbc london thanks so much for joining us. let's get you ready for the trading day ahead. we're going to get a check of the u.s. stock futures we're seeing nasdaq in the lead up over half a percent, moving higher off the tesla results right now the dow fractionally lower, the s&p close to the flat line we'll be talking about tesla in just a moment. investors are set to get momentum with another big day of earnings on tap. we get results from meta, atnt, ford, boeing, and ibm just to name a few treasury yields are taking higher the benchmark is trading 4.63, pulling back a few basis points. the 2-year pulling back. it very briefly touched the 5% yield mark yesterday, again, pulling back about six basis points this morning. data showing a drop in oil we're seeing the oil market continues to be under pressure, f
meta and its ai investments. it's wednesday, april 24th, 2024, and you're watching "worldwide exchange" right here on cnbc. ♪ >>> welcome back to "worldwide exchange." i am frank holland coming to you from cnbc london thanks so much for joining us. let's get you ready for the trading day ahead. we're going to get a check of the u.s. stock futures we're seeing nasdaq in the lead up over half a percent, moving higher off the tesla results right now the dow...
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Apr 24, 2024
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staffed by people that have meta. they're very good at it. >> let's talk about today's news, and that is the potential that tiktok will be banned in the united states. i don't know whether that will happen there's a lot that needs to happen between now and that point. there will be legal challenges, potentially constitutional challenges but if it were to happen, would meta be the principal beneficiary? >> i think they would be one of the big beneficiaries, but it won't occur overnight. the way performance advertisers think, it's like managing a portfolio of marketing dollars and just like in the stock market, sometimes you just -- you know what, i'm just going to sit it out so it's not like those dollars are going to instantly shift to dollar if that were to occur but they and others, amazon, others, hopefully my company would all benefit over time. but it wouldn't be like, you know, quarter over quarter, just like a massive shift to any of those companies, including meta. >> mark, always great to see you. thank you f
staffed by people that have meta. they're very good at it. >> let's talk about today's news, and that is the potential that tiktok will be banned in the united states. i don't know whether that will happen there's a lot that needs to happen between now and that point. there will be legal challenges, potentially constitutional challenges but if it were to happen, would meta be the principal beneficiary? >> i think they would be one of the big beneficiaries, but it won't occur...
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Apr 25, 2024
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>> deja vu when it comes to meta-. this is something they talk about, big projects meta-platforms choose to take on. they put money behind it with a time horizon that is hazy. investors are shaky because they have seen this before with the metaverse and when it comes to virtual reality for meta-, not to mention the rebranding and trying to tack on a more youthful demographic. nobody uses facebook anymore. someone forgot to tell me. they are doing that yet again when it comes to the aai space and that is where you see a lot of this. but it is coming amid a background were a lot of big tech names are rallying on the ai raised we had meta-not getting in on that and that is interesting for big tech names. businesses are more adjusted and may be more vulnerable to the ai space which brings up the microsoft and also that story, reporting after the bell microsoft when it comes to the cloud revenue growth, the asia business is significant not to mention the 40 -- 49% stake in openai. for alphabet, they need to reclaim the mark
>> deja vu when it comes to meta-. this is something they talk about, big projects meta-platforms choose to take on. they put money behind it with a time horizon that is hazy. investors are shaky because they have seen this before with the metaverse and when it comes to virtual reality for meta-, not to mention the rebranding and trying to tack on a more youthful demographic. nobody uses facebook anymore. someone forgot to tell me. they are doing that yet again when it comes to the aai...
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Apr 30, 2024
04/24
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meta had not been playing heavily in that space until recently when it incorporated its meta ai tool into the search function across its family of apps, instagram, facebook, whatsapp. fewer than half of facebook users would need to use meta ai at least once a month to be as big as chatgpt per estimates so that is big news for meta, and it could be interesting to watch the next few quarters as the meta competitors kind of catch up and react. katie: when it comes to the ai spend for meta, clearly some skepticism among markets and traders as you can see in the share price. but when it comes to the other big tech we are talking about, has ai actually translated to the bottom line? is that starting to bear fruit rather than being a margin eater? evelyn: it seems so. i think we are in the very early days. we are still in the early days of the ai boom. but as far as impact on revenue, it will take some time just as for meta, for everyone for ai to really meaningfully contribute to the bottom line. something that came out of alphabet earnings that was really interesting was the executive's c
meta had not been playing heavily in that space until recently when it incorporated its meta ai tool into the search function across its family of apps, instagram, facebook, whatsapp. fewer than half of facebook users would need to use meta ai at least once a month to be as big as chatgpt per estimates so that is big news for meta, and it could be interesting to watch the next few quarters as the meta competitors kind of catch up and react. katie: when it comes to the ai spend for meta, clearly...
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Apr 26, 2024
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a day ago, meta got dinged for that why were they rewarded for the huge cap ex? >> that is a good way to state that there is a reason for this primarily, the market is spooked by what meta is doing. the strategy behind that increase in accelerated spending is less clear cut than it is for the likes of microsoft in particular for example, the a.i. for microsoft is a lot clearlier tit is for meta. there is not the tried and tested track record. it is a leap of faith. i have the right ideas and the spending will payoff microsoft has a clear track record of already pulling it off. that's why the market is a lot jumpy around meta's plans. >> ryan, back over to you. you believe pce is cooler than expected you believe it will be a positive surprise here is this a market moving economic report or has this already been figured out that we are going to take a few more for the fed to make a definitive decision >> it wellill take a few more positive inflation reports we have not had too many we could see a pop if inflation after yesterday's worry after looking deeper in the
a day ago, meta got dinged for that why were they rewarded for the huge cap ex? >> that is a good way to state that there is a reason for this primarily, the market is spooked by what meta is doing. the strategy behind that increase in accelerated spending is less clear cut than it is for the likes of microsoft in particular for example, the a.i. for microsoft is a lot clearlier tit is for meta. there is not the tried and tested track record. it is a leap of faith. i have the right ideas...
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Apr 25, 2024
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the nasdaq was down 2% at the open, as meta weighed on that index. meta is still down about 11% but it's well off the lows as well nasdaq has cut its losses in half as well as nvidia, tesla, netflix. all trading up today the dow was hit hard by disappointing earnings from ibm and to some extent by caterpillar as well and a sell-off by microsoph at the open microsoph reports earnings after the close today. big day for ipos as rubric had a slam bang open at the new york stock exchange pricing its ipo at $30 above the range of $28 to $31, trading up nearly 15% it's the first tech unicorn ipo since last fall. we also had laurel holdings priced at $28, now trading up almost a whopping 60%. looking good there back to you. >> thank you very much, bob pisani we had a quick change to the program here we unfortunately have somehow misplaced or lost kenny the jet. this is a nine-person draft. time now for the sixth pick in the first round. we go back to the podium for nieve shulman, host of catphish new season airing less than a week from today. the market fish
the nasdaq was down 2% at the open, as meta weighed on that index. meta is still down about 11% but it's well off the lows as well nasdaq has cut its losses in half as well as nvidia, tesla, netflix. all trading up today the dow was hit hard by disappointing earnings from ibm and to some extent by caterpillar as well and a sell-off by microsoph at the open microsoph reports earnings after the close today. big day for ipos as rubric had a slam bang open at the new york stock exchange pricing its...
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Apr 25, 2024
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it could open the door for meta. it's always been a consumer platform and i think they are successful with these initiatives, they could be in the discussion around enterprise software and around huge infrastructure and this has been massively successful for aws and i think it is worth the investment so a little bit of pain today but i do think in the long term oriented investor, i think this is especially a great entry point. >> by the way, i do want to do a quick assignment with the macro markets. it is an impossible but it's only down a half percent and we have 40 minutes to go and meta as well off as well and you wonder if it will be drug out kicking and screaming but i want to know while they are down they will off the lows and at one point they were down 707 and it's down 311 and let's go back and when you look at this ai buildout, how do they make money? facebook is a free product and a lot of advertising dollars and they do get it but is there some other strategy that mark zuckerberg is thinking about? >> yes
it could open the door for meta. it's always been a consumer platform and i think they are successful with these initiatives, they could be in the discussion around enterprise software and around huge infrastructure and this has been massively successful for aws and i think it is worth the investment so a little bit of pain today but i do think in the long term oriented investor, i think this is especially a great entry point. >> by the way, i do want to do a quick assignment with the...
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Apr 24, 2024
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meta over the last year, up 120 9% relative to earnings. investors looking at four dollars $.44 per share with 64% growth on the top line. 26% growth. a high bar. how will ai factor in? it is not just meta reporting. tomorrow, microsoft and google, down. alphabet, i should say. down. we will be watching these reports for growth on stimulus and in the economy with the ai factor. sonali: a lot of signals to pay attention to. thank you. we discuss it now with christina uber. a chief market strategist. what are the signals telling you? christina: relatively good. we have seen some anomalies but that speaks to customer basis. we had one customer service company sharing that they saw consumer weakness. for the most part, a good earnings season. enthusiasm about tech. i think we will continue to see some relatively good earnings reports. sonali: every other day the market is looking for direction. knowing what we know about data and where equities are heading, how do you start to perhaps change the way you are approaching the market? kristina: we
meta over the last year, up 120 9% relative to earnings. investors looking at four dollars $.44 per share with 64% growth on the top line. 26% growth. a high bar. how will ai factor in? it is not just meta reporting. tomorrow, microsoft and google, down. alphabet, i should say. down. we will be watching these reports for growth on stimulus and in the economy with the ai factor. sonali: a lot of signals to pay attention to. thank you. we discuss it now with christina uber. a chief market...
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Apr 24, 2024
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nicknames include meta and ibm, said to report after the bell. our next guest is watching key consumer names and expect earnings to grow outside the biggest tech companies as the year progresses . jim, good to see you. a broadening of the market growth and results, does that continue? >> absolutely we are seeing two things, a broadening but a lot of dispersion within sectors. look at all the beauty and the slowdown they saw, versus the costco with great comps, or flat volumes with the procter & gamble. it will be a lot more pressure on investors to find the winners. >> do they have -- those that are winning, do they have anything in common? >> i think there is a little bit of a trend of trading down and consumers looking for value. as the pent-up savings is finally going away, particularly among the lower and middle class, that will create some difficulties and different dynamics than we have seen the last couple of years. >> where are you looking for opportunities, if you think the middle buyer, the middle consumer, is looking for better bargain
nicknames include meta and ibm, said to report after the bell. our next guest is watching key consumer names and expect earnings to grow outside the biggest tech companies as the year progresses . jim, good to see you. a broadening of the market growth and results, does that continue? >> absolutely we are seeing two things, a broadening but a lot of dispersion within sectors. look at all the beauty and the slowdown they saw, versus the costco with great comps, or flat volumes with the...
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Apr 22, 2024
04/24
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meta horizon to hardware companies like lenovo and microsoft. what it means for consumers is new headsets that run on the same software and operating system as meta's own headsets, the quest three and the quest pro. mr zuckerberg talked about wanting customers to be able to run content on quest or any meta horizon operating system headset. that's akin to android's flexibility to integrate with other products. in contrast, he characterized apple's ios models as being closed. that is only functioning with other apple or apple enabled products. apple is offering its headset the vision pro for 3,500 usd and that's expected to remain the costlier product. but the entrance of new products into the field and at different price points could threaten to give apple a run for its money. meanwhile, tesla's shares hit a 15—month low in the monday trading session on wall street, after the company announced price cuts for its cars in several key markets. it also lowered the price of its premium driver all this comes just ahead of the ev—maker�*s quarterl
meta horizon to hardware companies like lenovo and microsoft. what it means for consumers is new headsets that run on the same software and operating system as meta's own headsets, the quest three and the quest pro. mr zuckerberg talked about wanting customers to be able to run content on quest or any meta horizon operating system headset. that's akin to android's flexibility to integrate with other products. in contrast, he characterized apple's ios models as being closed. that is only...
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Apr 12, 2024
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meta, the group that owns whatsa -, earlier. meta, the group that owns whatsapp. says — earlier. meta, the group that owns whatsapp, says all— earlier. meta, the group that owns whatsapp, says all uses _ earlier. meta, the group that owns whatsapp, says all uses of - earlier. meta, the group that owns whatsapp, says all uses of the - whatsapp, says all uses of the ability to block and control numbers. i have used work whatsapp for ages, numbers. i have used work whatsapp forages, i don't numbers. i have used work whatsapp for ages, i don't know how to stop someone being able to admit to a group, do you? just someone being able to admit to a grow). do you?— someone being able to admit to a grouo. do you?— someone being able to admit to a group, do you? just last night i got added to an — group, do you? just last night i got added to an annoying _ group, do you? just last night i got added to an annoying group, i - group, do you? just last night i got| added to an annoying group, i think it's a huge problem, it being added to groups that you are not consenting to. you dojus
meta, the group that owns whatsa -, earlier. meta, the group that owns whatsapp. says — earlier. meta, the group that owns whatsapp, says all— earlier. meta, the group that owns whatsapp, says all uses _ earlier. meta, the group that owns whatsapp, says all uses of - earlier. meta, the group that owns whatsapp, says all uses of the - whatsapp, says all uses of the ability to block and control numbers. i have used work whatsapp for ages, numbers. i have used work whatsapp forages, i don't...
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Apr 23, 2024
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a sign that even the highest in consumer is starting to crack >>> and later, we're counting down to meta earnings. the home builders lay a strong foundation, and goldman sachs posts a record close for the first time in more than two years. i'm courtney reagan in this evening for melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. we got to start off with tesla taking off on q-1 results. shares actually soaring. this is despite a miss on the top and bottom lines investors seemingly excited that the new models may be coming sooner than expected if the gains hold tomorrow, it will be tesla's best day since seethe hasn't had a lot of best days lately phil lebeau joins us now to break down the results phil, what happened here in this report >> well, it's what they said in the indication of new models that are coming, more affordable-priced models that is exactly what the street wanted to hear the street didn't want to see what they saw for the first quarter you and let's go over those numbers. none of these
a sign that even the highest in consumer is starting to crack >>> and later, we're counting down to meta earnings. the home builders lay a strong foundation, and goldman sachs posts a record close for the first time in more than two years. i'm courtney reagan in this evening for melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. we got to start off with tesla taking off on q-1 results. shares...
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Apr 12, 2024
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right thing, but yes meta to do the right thing, but yes meta understands what is happening here, young innocent lies are being forever changed when they are exposed to content the otherwise would not if they had not had a second micro product. in united states, i am a part of a movement of parents, i don't believe any child under the age of eight should have access to a smartphone, we have age of 18 here to access on this app, and we have research showing how these access is ruining your lives of young people, that access for young students in primary school and secondary school, that access is changing the way they are involved in society, the contributions they are making at such young ages, but with all this comes at the dark side. when you're looking at these threads, the text and group threads, anything possible through exposure to dangerous content, unsavoury content, more than that, is a possibility, you cannot always come in and parents to do the right thing. in and parents to do the right thin. ., . ., .,, ., , thing. how much of it has to be arental thing. how much of it has
right thing, but yes meta to do the right thing, but yes meta understands what is happening here, young innocent lies are being forever changed when they are exposed to content the otherwise would not if they had not had a second micro product. in united states, i am a part of a movement of parents, i don't believe any child under the age of eight should have access to a smartphone, we have age of 18 here to access on this app, and we have research showing how these access is ruining your lives...
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Apr 25, 2024
04/24
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meta got hit for investment, will they? they own search. 90% of search, they still have that how many other a.i. guys and girls are coming for their basket their search right now, they're not worried about it, they're still top of the hill >> the question is, was meta yesterday the -- i don't want to say the exception, because we have three data points, but three of the sort of mag seven that are heavy a.i. plays, right, and meta was the one that faltered, alphabet and microsoft so far look okay >> right >> we don't have the conference calls yet. >> faltered in the sense of the spend and the guide. >> right, and the stock -- the stock reaction >> that's right. and the stock reaction, because the quarter, in a vacuum, was -- i thought it was extraordinary we talked about that last night. obviously, that facebook move was very facebook specific now -- and facebook's not a problem on valuation, we've had that conversation. flip side of the coin is, g google's still fine here microsoft is the one, we're going to talk about it i
meta got hit for investment, will they? they own search. 90% of search, they still have that how many other a.i. guys and girls are coming for their basket their search right now, they're not worried about it, they're still top of the hill >> the question is, was meta yesterday the -- i don't want to say the exception, because we have three data points, but three of the sort of mag seven that are heavy a.i. plays, right, and meta was the one that faltered, alphabet and microsoft so far...
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Apr 25, 2024
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i keep coming back to meta is in control here meta and the bonds and meta's -- look you know, when a guy says, trust me, well, david, you know, i'm from the government. trust me >> although, the guy is mark zuckerberg, and you know, he's -- he may be dressing nicely, but he's still a cold-blooded killer, and i say that in the nicest way >> that's an odd way to put it the killers is a good group. i would buy meta here. >> you know what i mean. he is singularly focused, has been since the dorm room at harvard, and the man can execute. >> yeah. >> and so, to your point, doesn't he get the benefit of the doubt? well, he very well may that said, when people do the math, especially on the second quarter guidance, which, again, as we pointed out a year ago is when the chinese e-commerce company started to spend enormously on the platform start lapping that your revenue numbers are not going to be up as much, although what do you pay for this thing really you think only pay -- if they're going to do -- >> i like it he's going to come out he's going to figure out how to monetize it faster tha
i keep coming back to meta is in control here meta and the bonds and meta's -- look you know, when a guy says, trust me, well, david, you know, i'm from the government. trust me >> although, the guy is mark zuckerberg, and you know, he's -- he may be dressing nicely, but he's still a cold-blooded killer, and i say that in the nicest way >> that's an odd way to put it the killers is a good group. i would buy meta here. >> you know what i mean. he is singularly focused, has been...
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Apr 25, 2024
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we start in the us, where shares of meta, hello. if you are justjoining us, you are in time with the top business stories. we start in the us, where shares of meta, the owner of facebook, instagram and whatsapp plunged in after—hours trading after its forecasts disappointed wall street. investors are concerned the huge amount meta is spending on artificial intelligence may not translate into higher profits. let's show you the details. when it comes to how much money meta is making, profits came in at 12 point $4 billion in the first three months of the year. that's more than double the amount it made this time last year, and better than expected. but here's one of the numbers worrying investors, meta expects its costs to rise to almost $100 billion this year, as it invests heavily in al and virtual reality. coupled with a forecast that revenues will barely grow in the current quarter that sent shares plunging some 13% in after hours trading. wiping as much as $160 billion off its stock market value. from new york, erin delmore rep
we start in the us, where shares of meta, hello. if you are justjoining us, you are in time with the top business stories. we start in the us, where shares of meta, the owner of facebook, instagram and whatsapp plunged in after—hours trading after its forecasts disappointed wall street. investors are concerned the huge amount meta is spending on artificial intelligence may not translate into higher profits. let's show you the details. when it comes to how much money meta is making, profits...
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Apr 26, 2024
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meta, alphabet and microsoft all posting beef capital expenditures meta's intense spending send the stock plumeting. while alpha got a bump, the google parent and microsoft are both preparing to spend to build out their ai businesses. steve joins us to break it down. we have apple next week. this cap x spending, though, it seems to be -- i mean, it is the common thread among all these big tech companies reportings earnings it represents some of the gambling companies, small startup companies that say, look, we've got to go all in if we want first mover status that's exactly what mark zuckerberg said on the meta call he said we have to spend so much money in order to bet out these ai capabilities and by the way, we're not entirely sure how we will monetize it right now we will do the same play that we did with stories and reels, get the users addicted to it, using it every day and then we will stuff adds in there that wasn't enough to placate investors. it was different in alphabet and microsoft last night microsoft had an interesting answer to this capex problem right now demand is outstr
meta, alphabet and microsoft all posting beef capital expenditures meta's intense spending send the stock plumeting. while alpha got a bump, the google parent and microsoft are both preparing to spend to build out their ai businesses. steve joins us to break it down. we have apple next week. this cap x spending, though, it seems to be -- i mean, it is the common thread among all these big tech companies reportings earnings it represents some of the gambling companies, small startup companies...
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Apr 11, 2024
04/24
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what mark zuckerberg's meta says it's doing to protect them. explicit [♪♪] did you know, there's a way to cut your dishwashing time by 50%? try dawn powerwash dish spray. it removes 99% of grease and grime in half the time. dawn powerwash has 3 cleaning boosters not found in traditional dish soaps that remove food and grease 5 times faster. and, because it cleans so well you can replace multiple cleaning products for counters, stoves, and even laundry stains. try dawn powerwash dish spray. brand power, helping you buy better. i was stuck. unresolved depression symptoms were in my way. i needed more from my antidepressant. vraylar helped give it a lift. adding vraylar to an antidepressant is clinically proven to help relieve overall depression symptoms better than an antidepressant alone. and in vraylar clinical studies, most saw no substantial impact on weight. elderly dementia patients have increased risk of death or stroke. report unusual changes in behavior or suicidal thoughts. antidepressants can increase these in children and young ad
what mark zuckerberg's meta says it's doing to protect them. explicit [♪♪] did you know, there's a way to cut your dishwashing time by 50%? try dawn powerwash dish spray. it removes 99% of grease and grime in half the time. dawn powerwash has 3 cleaning boosters not found in traditional dish soaps that remove food and grease 5 times faster. and, because it cleans so well you can replace multiple cleaning products for counters, stoves, and even laundry stains. try dawn powerwash dish spray....
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Apr 18, 2024
04/24
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the others, though, i think meta looks fantastic technically. obviously the fundamentals are hitting on all cylinders alphabet, even though in the news flow they continue to be embarrassed by some of the actions of the employees, outside of that, the fundamentals are terrific. and even when you think about microsoft, there's not that much going on there in the headlines, but the stock looks great. i'm not worried about the theme. i think these stocks will hold up well. but, look, in every quarter, one of them shocks everybody maybe it will be tesla this time i don't know but i feel just generally speaking investors are still going to run for those stocks every opportunity they get >> i really, jim, want to see your microsoft next thursday i feel, by the way, the price target gets trimmed slightly at citi, they reiterate the buy the target to 475 from 480 and they're adjusting estimates, they say, because of some slight fx headwinds this is stock that's gotten the benefit of the doubt, you know, this first mover advantage, so to speak, where they
the others, though, i think meta looks fantastic technically. obviously the fundamentals are hitting on all cylinders alphabet, even though in the news flow they continue to be embarrassed by some of the actions of the employees, outside of that, the fundamentals are terrific. and even when you think about microsoft, there's not that much going on there in the headlines, but the stock looks great. i'm not worried about the theme. i think these stocks will hold up well. but, look, in every...
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Apr 25, 2024
04/24
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meta has been promoting the metaverse for some time. it is a little bit dead now. it may revive in a few years now they are focusing on a.i the expenditure capital is $40 billion. that could be a quarter of revenue. that is an enormous amounts of cap ex to sales. microsoft has a clear a.i. model. they embed in in copilot and work flows meta is not selling chips or cloud services or a.i. models because they are based on open source how will they make money from a.i. they are spending all this money, but haven't put a strategy on it >> i want your thoughts on how you are reading that across the sector i want to share this quote with you from another analyst they said you blow the lights out or the market takes its pound of flesh i wonder if you agree with the sentiment. >> i think if you look at tesla, for example, you know, elon musk made a clear statement forget the automaker results, which were down, but focus on the future he sold it well. i don't buy it five years ago, tesla was all about electric vehicle and esg now electric vehicle sales are falling and china
meta has been promoting the metaverse for some time. it is a little bit dead now. it may revive in a few years now they are focusing on a.i the expenditure capital is $40 billion. that could be a quarter of revenue. that is an enormous amounts of cap ex to sales. microsoft has a clear a.i. model. they embed in in copilot and work flows meta is not selling chips or cloud services or a.i. models because they are based on open source how will they make money from a.i. they are spending all this...
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Apr 23, 2024
04/24
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meta horizon, to hardware companies like lenovo and microsoft. what it means for consumers is new headsets that run on the same software and operating system as meta's own headsets, the quest 3 and the quest pro. mr zuckerberg talked about wanting customers to be able to run content on quest or any meta horizon operating system headset. that's akin to android's flexibility to integrate with other products. in contrast, he characterised apple's ios models as being closed. that is, only functioning with other apple or apple—enabled products. apple is offering its headset, the vision pro, for 3,500 usd and that's expected to remain the costlier product. but the entrance of new products into the field and at different price points could threaten to give apple a run for its money. turning to australia now and its wine industry, where producers are relieved china's lawmakers have ended its tariffs on australian wine which led to a supply glut down under. but rekindling the business with the world's second largest economy, is going to take some time a
meta horizon, to hardware companies like lenovo and microsoft. what it means for consumers is new headsets that run on the same software and operating system as meta's own headsets, the quest 3 and the quest pro. mr zuckerberg talked about wanting customers to be able to run content on quest or any meta horizon operating system headset. that's akin to android's flexibility to integrate with other products. in contrast, he characterised apple's ios models as being closed. that is, only...
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Apr 12, 2024
04/24
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what mark zuckerberg's meta says it's doing to protect them. y dawn powerwash dish spray. brand power, helping you buy better. i was stuck. unresolved depression symptoms were in my way. i needed more from my antidepressant. vraylar helped give it a lift. adding vraylar to an antidepressant is clinically proven to help relieve overall depression symptoms better than an antidepressant alone. and in vraylar clinical studies, most saw no substantial impact on weight. elderly dementia patients have increased risk of death or stroke. report unusual changes in behavior or suicidal thoughts. antidepressants can increase these in children and young adults. report fever, stiff muscles, or confusion, as these may be life-threatening, or uncontrolled muscle movements, which may be permanent. high blood sugar, which can lead to coma or death, weight gain, and high cholesterol may occur. movement dysfunction and restlessness are common side effects. stomach and sleep issues, dizziness, increased appetite, and fatigue are also common. side effects may not appear for several weeks. i did
what mark zuckerberg's meta says it's doing to protect them. y dawn powerwash dish spray. brand power, helping you buy better. i was stuck. unresolved depression symptoms were in my way. i needed more from my antidepressant. vraylar helped give it a lift. adding vraylar to an antidepressant is clinically proven to help relieve overall depression symptoms better than an antidepressant alone. and in vraylar clinical studies, most saw no substantial impact on weight. elderly dementia patients have...
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Apr 25, 2024
04/24
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meta better-than-expected results but weak guidance on the revenue outlook, the stock is down 13% we are previewing alphabet microsoft coming out "after the bell" tonight, the stocks are but were going into the numbers. investors watching the economic story, will get the first rita first quarter gdp this morning at 8:30 a.m. eastern ahead of the march pc index out tomorrow. the expectation call for gains and growth. european markets are mixed, take a look at the eurozone, up 52 but the cac 40 down 47 and ask index in germany lower by 110, and asia amick story as you can see the big mover, japan down better than 2%, korea one and three quarters percent, china was higher. protest growing on college campuses across the country each state deals with out-of-control demonstrations differently as the white house stays tightlipped on responding. president biden signing into law the bill to advance a national ban on tiktok, we will still campaign using the tiktok at as new polls show president trump's lead over biden is growing six of seven key swing states. joy to the conversation all mornin
meta better-than-expected results but weak guidance on the revenue outlook, the stock is down 13% we are previewing alphabet microsoft coming out "after the bell" tonight, the stocks are but were going into the numbers. investors watching the economic story, will get the first rita first quarter gdp this morning at 8:30 a.m. eastern ahead of the march pc index out tomorrow. the expectation call for gains and growth. european markets are mixed, take a look at the eurozone, up 52 but...
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Apr 19, 2024
04/24
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. >> right, for meta and snap. >> snap was down 4%. that was shocking. >> but having enough prior, going into packages going to the hill. >> the bigger thing is that china is not an ally china -- we're in a cold war right now with china on many levels and it's a political season what's it going to the biggest bite out of? tech tech's responsible for making the market go higher that's my takeaway. >> much more concerned about apple than i am meta here, i'd be looking for entry point continuing the theme from earlier. you know, apple does not want more attention brought on the app store, that is a direct assault on the service essentially they're saying the reason why it deserves a premium multiple that would be a trade i'd look at short term. >> microsoft, meta and alphabet reporting next week and microsoft underperforming. could earnings change the story for the stock? let's bring back the chart master carter braxton worth and mike khouw for good old fashioned old school "options action." carter, kick is off with the charts. >> this is
. >> right, for meta and snap. >> snap was down 4%. that was shocking. >> but having enough prior, going into packages going to the hill. >> the bigger thing is that china is not an ally china -- we're in a cold war right now with china on many levels and it's a political season what's it going to the biggest bite out of? tech tech's responsible for making the market go higher that's my takeaway. >> much more concerned about apple than i am meta here, i'd be...
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Apr 24, 2024
04/24
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it was meta's results and kurt wagner joins us now. a little bit of disappointment on the revenue front end meta has a few expenses coming up as well. walk us through the highlights. kurt: the biggest issue is probably the expenses. they raised guidance for the year. it was going to be somewhere between $30 billion to $27 billion. they say this is -- arc zuckerberg said from what i have seen on the teams and will have done around our large language models and other ai products, i feel really excited about this and so i am going to be spending more money than anticipated. most investors got this update in q1. meta had this issue where they were overspending and they had a year of efficiency but brought everything back in there's probably some concern they might get over their skis as they are plowing more money into these investments that don't really bring revenue back to the table right away. paul: we saw shares dropping 19% after hours as well. how is analyst and investor enthusiasm around this stock? kurt: it speaks for itself. this
it was meta's results and kurt wagner joins us now. a little bit of disappointment on the revenue front end meta has a few expenses coming up as well. walk us through the highlights. kurt: the biggest issue is probably the expenses. they raised guidance for the year. it was going to be somewhere between $30 billion to $27 billion. they say this is -- arc zuckerberg said from what i have seen on the teams and will have done around our large language models and other ai products, i feel really...
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Apr 25, 2024
04/24
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meta, not so much. the hopefulness is met with consternation from people who want the year of efficiency and a feeling of stripping back to focus on add revenue and a focus on market share. annmarie: i think that one of our reporters last night on the earnings call said that investors like everything ai, you can monetize it and it comes back to the core business of better advertising. what they don't like is the metaverse, reality labs. how do you make money off of the sunglasses? you buy the hardware but what is the service attached? jonathan: the year of efficiency, coming to a close. alphabet and microsoft, later after the closing bell. numbers, u.s. gdp jobless claims this morning, the last big data site going into the fed next week. lisa: i don't even know what to do with it. a lot of people seem to have expectations around pce, but how big is the surprise one way or the other to move a needle in the market? i keep going back to the idea of s&p global composite pmi data. did that move the needle? j
meta, not so much. the hopefulness is met with consternation from people who want the year of efficiency and a feeling of stripping back to focus on add revenue and a focus on market share. annmarie: i think that one of our reporters last night on the earnings call said that investors like everything ai, you can monetize it and it comes back to the core business of better advertising. what they don't like is the metaverse, reality labs. how do you make money off of the sunglasses? you buy the...
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Apr 24, 2024
04/24
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tiktok has been a big shadow from meta-. wheels, which was the instagram rival as they get traction. i think when the streets looks at results they see positive numbers. i don't think they will disappoint, but it may be reflecting that already. another thing people were looking -- will look at is the forward guys where meta-will position revenue expectations with the streets looking for $38 billion of revenue. people are expecting that could be conservative, so we will see. tom: you touch on tiktok, very likely will face, at least on paper, a band divested from bytedance. the president will sign that bill. there's a legal process and it's very unsure and uncertain whether you see that them in consequence, but it could prove consequential for meta-. >> this clock starts ticking on the timeline, maybe later today, there's lots of resistance expected from bytedance. he could proceed to at least delay it being implemented by up to a year, possibly longer. if ultimately tiktok in the u.s. is either sold or it has to be closed dow
tiktok has been a big shadow from meta-. wheels, which was the instagram rival as they get traction. i think when the streets looks at results they see positive numbers. i don't think they will disappoint, but it may be reflecting that already. another thing people were looking -- will look at is the forward guys where meta-will position revenue expectations with the streets looking for $38 billion of revenue. people are expecting that could be conservative, so we will see. tom: you touch on...
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Apr 25, 2024
04/24
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meta had solid results. they join the pain. you said in sort of a perfect world these names lifted the market up. what is so imperfect right you in? >> charles, when you look at earnings, typically you want to see companies beating eps and beating revenue estimates and trading higher, right? but that is not the flavor of the season this quarter. the market has incredibly high expectations and is very jittery. we're seeing one tiny little comment as it relates to guidance or something the executives say on the call and the stocks are getting slammed. charles: right. >> right now we have a major risk with megacap earnings. even though these companies are strong, they're beating earnings, doing well, we see a little bit of slowing growth. charles: we saw this yesterday. i think it is spot on. i want to ask you about it, i think it will help investors. one of more frustrating things you own the stock, the news is good, the stock goes down, and sometimes the news is bad and the stock goes up. on one hand, double miss, tesla missed e
meta had solid results. they join the pain. you said in sort of a perfect world these names lifted the market up. what is so imperfect right you in? >> charles, when you look at earnings, typically you want to see companies beating eps and beating revenue estimates and trading higher, right? but that is not the flavor of the season this quarter. the market has incredibly high expectations and is very jittery. we're seeing one tiny little comment as it relates to guidance or something the...
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Apr 25, 2024
04/24
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meta is bleeding cash. the company's lost $200 billion, thereabouts, in market value since their report after the bell yesterday. now, mark zuckerberg says he plans to spend billions more on artificial intelligence. that had investors a little concerned. meanwhile, gdp for the first quarter coming in well below expectations. that accelerated selling. the dow is now down 447 points. the nasdaq is down 276 points, so it's going to be a wild day for trading. let's check the interest rates. the 10-year just above 4.6. it's now 4.7. 2 right now. 4.72. the 2-year is up over 5%. you get a 2-year bond for 5% right now. not much movement for bitcoin, trading around $63,000, 63,5. gold is trading around 2300 an ounce, it's up a tick, just $4. oil trading around $82 a barrel. and now to politics. wow, what a day. very busy day for donald trump, and it started early. he made a campaign stop this morning. trump is making a big play for new york. he was greeted by hundreds of construction workers chanting usa. he's now h
meta is bleeding cash. the company's lost $200 billion, thereabouts, in market value since their report after the bell yesterday. now, mark zuckerberg says he plans to spend billions more on artificial intelligence. that had investors a little concerned. meanwhile, gdp for the first quarter coming in well below expectations. that accelerated selling. the dow is now down 447 points. the nasdaq is down 276 points, so it's going to be a wild day for trading. let's check the interest rates. the...
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Apr 25, 2024
04/24
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. >> steve >> meta. >> guy >> my man e.t. told me exxonmobil >> thanks for exxonmobil >> thanks for watching "fast." "mad money" starts right now >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job is not just to entertain but to educate and teach you to call me at 1-800-743-cnbc or tweet me @jimcramer. it takes a special kind of stock to do well when the economy's slowing. while inflation just won't quit. we got this weak gross domestic product number, just 1.6% growth anemic and a surging inflation number connected to the gdp up 3.7%. bad combo. which is why the dow tumbled 375 points s&p lost .46%. nasdaq dropped .64%. i've got to tell you it was much uglier at one point today. the dow was down almost double where it went out. as we heard
. >> steve >> meta. >> guy >> my man e.t. told me exxonmobil >> thanks for exxonmobil >> thanks for watching "fast." "mad money" starts right now >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica...
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Apr 22, 2024
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so you bought more tesla and you bought more meta. why don't you start with meta first because it's approbo to the conversation we're having here, it is the first of the mega caps to report this week. again, tesla is tomorrow but it's been skripd out of the mag seven. >> yeah. remember a couple weeks ago i announced this meta buy, we did not own it at the time and it's sitting in our bottom ten. basically we bought in around 520 as a new position, i'm increase that go significantly to now that we are he below 500, so it's right in the middle of the pack, it's not in the bottom ten of about 40 names right now. i think they could have a good report, i like what their partnership is and the directions heading with google. we have meta's ai assistant integrates realtime search results with google and bing. we are talking about innovation they're heading down the right direction. if this is a great report from meta i want to make sure it impacts my portfolio properly. >> do you feel like when you look at the mega cap correction if we are i
so you bought more tesla and you bought more meta. why don't you start with meta first because it's approbo to the conversation we're having here, it is the first of the mega caps to report this week. again, tesla is tomorrow but it's been skripd out of the mag seven. >> yeah. remember a couple weeks ago i announced this meta buy, we did not own it at the time and it's sitting in our bottom ten. basically we bought in around 520 as a new position, i'm increase that go significantly to now...
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Apr 18, 2024
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and the thing that you mentioned, tyler, that is the most interesting today comes from meta. it will be integrating its system into its family of apps, facebook, instagram, whatsapp, messenger, there's also a brand new landing page for its chatgbt meta.ai. that's symbolic of meta jumping in this race saying they're going to compete with the google, amazon and microsoft on every front. this is just the beginning >> this initiative operates under the brand "llama," am i correct? my son's favorite animal, by the way. >> yes so this is its latest version of llama, which is important to note this is an open source model, so as meta is essentially giving this away for free, that's a very different strategy from the likes of google and microsoft and amazon they're charging typically a monthly rate for their customers. users or senterprises to get access meta's model is offering these bots for free to keep people within that ecosystem of apps, so it will continue to make money through advertising, through clicks and visits. the other interesting thing about this being an open source
and the thing that you mentioned, tyler, that is the most interesting today comes from meta. it will be integrating its system into its family of apps, facebook, instagram, whatsapp, messenger, there's also a brand new landing page for its chatgbt meta.ai. that's symbolic of meta jumping in this race saying they're going to compete with the google, amazon and microsoft on every front. this is just the beginning >> this initiative operates under the brand "llama," am i correct?...
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Apr 26, 2024
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but you did buy meta oh, you did. on the quarter you're not discouraged by the investment in ai you like it? >> no. look, again, to josh's point, if you run a business or as my former caddy karl said, scared money don't make money you have to invest to generate return you have google, microsoft, meta have the wherewithal to invest large sums of money to be leaders in this space and extend their lead they're already leaders. so why wouldn't you? so to me, it's asinine to sell the stock because they're investing in their business. and the largest shareholder in the business is making the investment, that being zuck zuckerberg to me, i bought it at 416. i thought it was way, way overdone selling it. they had a great quarter the guidance is pretty good going forward. because they're increasing cap backs for the right reasons, they will be exponential in terms of gains going forward why wouldn't you do it >> it's a lot of your trading colleagues felt it was overdone because the quarter was strong you have to invest in ai f
but you did buy meta oh, you did. on the quarter you're not discouraged by the investment in ai you like it? >> no. look, again, to josh's point, if you run a business or as my former caddy karl said, scared money don't make money you have to invest to generate return you have google, microsoft, meta have the wherewithal to invest large sums of money to be leaders in this space and extend their lead they're already leaders. so why wouldn't you? so to me, it's asinine to sell the stock...
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Apr 5, 2024
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you have a buy on meta. price target of 550. which raises the question not a ton of head room between where it is now, 523 and 550. i guess the question is there anything left for the market to be pleasantly surprised by here? >> the truth is, mike, there probably isn't a lot. this is a small buy for us. you know, fully respect the move we have seen year to date and over the last 18 months. this is one of the biggest pivots i've seen in my 25-year career, a stock that corrects 90% and comes back to all-time highs. i think netflix and spotify will do the same thing. it's rare you see that. i think this is a compounder here. i think you can hold this multiple. i think, you know, 22, 23, 24 times earnings, something like that, for an asset that i think can sustain 20 plus earnings growth is legit and then longer term new growth drivers like whatsapp monetization, facebook marketplace and maybe virtual reality augmented reality with the reality labs business, maybe. there's things to stick around with. it's a smaller buy, no questio
you have a buy on meta. price target of 550. which raises the question not a ton of head room between where it is now, 523 and 550. i guess the question is there anything left for the market to be pleasantly surprised by here? >> the truth is, mike, there probably isn't a lot. this is a small buy for us. you know, fully respect the move we have seen year to date and over the last 18 months. this is one of the biggest pivots i've seen in my 25-year career, a stock that corrects 90% and...
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Apr 22, 2024
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meta is towing the line. especially meta. they have been so hot. >> meta has earned quite a bit. instagram has been a big part of the earnings. i am a little bit concerned about it. valuations are relatively reasonable. i know in 2023, 1 of the largest customers was the chinese company holdings. i do not know if you go on to instagram at all, but i noticed that my temu ads are dropping. they had been looking to diversify their ad revenue base. many analysts love the stock, so i'm just cautious because i think, things that drive markets and stock prices are interest rate. earnings expectations and whether they can be beat. sometimes that is not actually helpful. katie: one of the reasons they have been so good is this year of efficiency. almost up to hundred percent last year. it has carried over into this year. if there is such a focus on headcount, are they still growing? >> it is certainly possible. if they can grow their ad revenue, absolutely. the thing that passed over the weekend with tiktok might help them, if they end up grabbing some market share. i think expectations ar
meta is towing the line. especially meta. they have been so hot. >> meta has earned quite a bit. instagram has been a big part of the earnings. i am a little bit concerned about it. valuations are relatively reasonable. i know in 2023, 1 of the largest customers was the chinese company holdings. i do not know if you go on to instagram at all, but i noticed that my temu ads are dropping. they had been looking to diversify their ad revenue base. many analysts love the stock, so i'm just...
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Apr 25, 2024
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what we are talking about is meta ai. they are trying to scale that. smart investors would be able to see that even if revenue is not immediately obvious from ai, you can see products like ai scaling and the monetize a bowl opportunity. but meta's business is still mostly advertising, they are seeing the average ad price growth go up as well. and you could argue that's where ai is showing value. they're kind of damped if they do and damped if they don't. segments of the market have been calling for them to spend more on ai infrastructure and then there are those that want to see the prudence. that's the message, be patient, trust us. it will cost billions of dollars to get there but we will get there. windows this largely advertising based business see serious topline growth from ai? apparently it is coming. whether investors believe it we will find out in the markets. this is at the low -- ed ludlow. haslinda: tech leading asia on the back of meta's disappointing outlook. the fed -- there are bets that the fed won't be cutting it all this year. the ye
what we are talking about is meta ai. they are trying to scale that. smart investors would be able to see that even if revenue is not immediately obvious from ai, you can see products like ai scaling and the monetize a bowl opportunity. but meta's business is still mostly advertising, they are seeing the average ad price growth go up as well. and you could argue that's where ai is showing value. they're kind of damped if they do and damped if they don't. segments of the market have been calling...
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Apr 25, 2024
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meta's kind of damned if they do and damned if they don't. there have been segment of the market calling for some time, spend more on ai infrastructure, get going on this, and then some want to see the prudence. that is the message from mark zuckerberg, the patient, trust us. it is going to cost us billions of dollars to get there, but we will get there. when does this business he serious topline growth from ai? apparently it is coming. whether investors believe it, well, we will find out in the markets. this is ed ludlow for bloomberg news in san francisco. paul: let's take a look at some of the asian tech movers in the asia session at the moment. some reasonable declines going on here off the back of that meta earnings disappointment. rakuten off but almost 2% at the moment. the big name that moved today was sk hynix. south korea's second most valuable company really reporting blowout first-quarter numbers. net profits coming in at 2 trillion korean won. that turns around a big net loss for the same quarter the previous year. the company sa
meta's kind of damned if they do and damned if they don't. there have been segment of the market calling for some time, spend more on ai infrastructure, get going on this, and then some want to see the prudence. that is the message from mark zuckerberg, the patient, trust us. it is going to cost us billions of dollars to get there, but we will get there. when does this business he serious topline growth from ai? apparently it is coming. whether investors believe it, well, we will find out in...