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julia roku, rough day, very heavy volume as well in that stop. >> that is, right bigger loss than expected. this is despite better than expected revenue and better than expected active accounts. the ceo is addressing lower than anticipated average revenue per user. and telling me that the pull back on spending marketing streaming apps will continue. >> then there is a business called media and entertainment which is where we focus on helping media companies promote their services on our platform. it is something we are really good at. it is a strong business for us, but it has been challenging pressure for the last four quarters. it will probably continue to be pressure for the rest of this year. >> to say the ad businesses rebounding in a new sport streaming joint venture, the one coming from warner brother's discovery would be a win. investors are concerned about these warnings about micro economic uncertainty. mike? >> it is very interesting to hear, we will talk about the factor that basically they are a key way that other streaming services promote themselves. i guess if you are talki
julia roku, rough day, very heavy volume as well in that stop. >> that is, right bigger loss than expected. this is despite better than expected revenue and better than expected active accounts. the ceo is addressing lower than anticipated average revenue per user. and telling me that the pull back on spending marketing streaming apps will continue. >> then there is a business called media and entertainment which is where we focus on helping media companies promote their services on...
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Feb 15, 2024
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watching roku.losing high, only last friday, 5026. two days without a record is all we have to suffer i wonder about the rhythm of this market. in addition to the s&p 500 making its way back, nasdaq, the speculative stuff is starting to get jumpy. supermicro is an overbought stock coming into today and up double digits gain. the crypto stuff is moving what does that tell you mike max >> is tesla a value stock? up 5% today on nothing. calling back from what it lost from earnings. the market is about this broadening out narrative. we have been able to move away from where we were on tuesday where we had the overwhelming concern that that broadening out would not happen. you have seen the broadening out happening again. the critical index to watch is the russell, try to get back to the december high at 2071. if it goes above, nondiscretionary funds will tap into the small caps. >> today, if it is a broad rally , the cyclical stuff is doing better, but, supermicro is in the russell 2000, the largest hol
watching roku.losing high, only last friday, 5026. two days without a record is all we have to suffer i wonder about the rhythm of this market. in addition to the s&p 500 making its way back, nasdaq, the speculative stuff is starting to get jumpy. supermicro is an overbought stock coming into today and up double digits gain. the crypto stuff is moving what does that tell you mike max >> is tesla a value stock? up 5% today on nothing. calling back from what it lost from earnings. the...
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julia boorstin on roku. >> stock went from 56 to 106 in, like, a week, and now we're seeing this pull-back 80 is going to be a huge level, just based on the math i just gave you. and this is a pretty significant decline, but this is a volatile stock, so, i think instead of looking for places to sell it, you say, you know what, line in the sand is 80 bucks, i'll take a shot there. >> you know, given the time we spent about that sports bundle and all the confusing stuff in and around, like -- >> the last thing you want is a roku. >> they might benefit. this company has never -- or hasn't turned a pro fit since 2021 and that was because the weird dynamics during the pandemic and i say, here's a low double budget percentage a year grower in revenues that is expected to lose money for the next couple years. i just don't know what the upside is here. >> i think there's so many things working in this market that you got to cut laggards fast. that 80 level guy talks about, that's the 50% midpoint from the low back in october to the recent high. it's also the 200-day. if you can't hold 80, you have
julia boorstin on roku. >> stock went from 56 to 106 in, like, a week, and now we're seeing this pull-back 80 is going to be a huge level, just based on the math i just gave you. and this is a pretty significant decline, but this is a volatile stock, so, i think instead of looking for places to sell it, you say, you know what, line in the sand is 80 bucks, i'll take a shot there. >> you know, given the time we spent about that sports bundle and all the confusing stuff in and around,...
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anthony wood, ceo of roku.>>> when we come back, breaking inflation and housing data. january's look at the producer price index, which is way more important after that hotter than expected consumer price data we got earlier in the week. also getting hsi soungtarts. "squawk box" will be right back. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. >>> in prison russian opposition politician alexei navalny died age 47 according to russian state news agency tass. citing the prison service of it's region were navalny had been serving a sentence, one of russian president vladimir putin's most vocal critics. serving a 19-year jail term, an arctic penal colony and accusations flying fast and furious what actually happened here. bu
anthony wood, ceo of roku.>>> when we come back, breaking inflation and housing data. january's look at the producer price index, which is way more important after that hotter than expected consumer price data we got earlier in the week. also getting hsi soungtarts. "squawk box" will be right back. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an...