0
0.0
Feb 28, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> steve kovach, thank you very much. looks like the s&p is lower but it's come back. >> we're hovering around the line. >> with yields lower today, ahead of an inflation report tomorrow. over to scott wapner and "the halftime report." >>> all right, sara, thanks. welcome to "halftime." i'm scott wapner. the start of apple's annual shareholder meeting. what it means for the stock. unable to get anything going lately. we also have new committee moves to discuss. joining me joe terranova, kari firestone, jenny harrington, steve weiss. check the markets today. the dow down, s&p is a fractional loser. nasdaq in the red as well. we are focused on apple because of all the time we've done about the mega caps and the ai trade, this, that, and the other thing. joe, apple's six-month performance is a nothing burger. it's up 1.5%. i don't expect anything to happen at the shareholders' meeting today to see a catalyst for that. what's wrong with this stock? >> i think what we need is in june at the wwdc to hear about the ai innovation
. >> steve kovach, thank you very much. looks like the s&p is lower but it's come back. >> we're hovering around the line. >> with yields lower today, ahead of an inflation report tomorrow. over to scott wapner and "the halftime report." >>> all right, sara, thanks. welcome to "halftime." i'm scott wapner. the start of apple's annual shareholder meeting. what it means for the stock. unable to get anything going lately. we also have new...
0
0.0
Feb 1, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
i want to bring in steve kovach to tell us what will matter most of all tonight, steve. >> reporter: it's that revenue growth story four straight quarters of declining sales and expectations, it was a year ago this decline started on november 1 of last year that's been drastically cut back to not even $118 billion about half a percent of growth if they're lucky maybe they can have a surprise beat i would also add listen to the call today when apple gives guidance, a lot of sour commentary on the march quarter and. rest of 2024, scott, you hinted at the report about the 15% decline in iphone shipments. >> i appreciate it, steve kovach we'll see a lot of you today and look forward to your reporting around that. bryn, give me the wrap on apple, what your expectations are here. >> expectations obviously from revenue are for right at 1% growth in 2019, they did $137 billion in revenue from iphones. we went through covid. they were at $205 billion. so everybody refreshed their phone. and now we're at this point, is there really that big of a difference between the 14 and the 15 the technol
i want to bring in steve kovach to tell us what will matter most of all tonight, steve. >> reporter: it's that revenue growth story four straight quarters of declining sales and expectations, it was a year ago this decline started on november 1 of last year that's been drastically cut back to not even $118 billion about half a percent of growth if they're lucky maybe they can have a surprise beat i would also add listen to the call today when apple gives guidance, a lot of sour commentary...
0
0.0
Feb 28, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
steve kovach, we thank you. more power lunch, after this.m ameriprise can do more than help you reach your goals. i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. ♪ (captivating music) ♪ (♪♪) the first law of thermodynamics states that energy cannot be created or destroyed. (♪♪) but it can be passed on to the next generation. (♪♪) >>> all right, folks, it has been a pack hour for the dow down .2% right now at 38.85. thanks for watching power lunch, everybody. >> closing bell starts right now. >>> welcome to closin
steve kovach, we thank you. more power lunch, after this.m ameriprise can do more than help you reach your goals. i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to...
0
0.0
Feb 29, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
we will put in our fourth straight month of gains, we have more coming, steve kovach. >> there's a bitan ai story with hpe, there's that fast growing segment for high performance computing and ai, that was up 37% this last quarter, the segment was growing faster than ever, intelligent edge was 41%, very high margin business, the storage and compute segments are shrinking, expecting sales to be down year on year. hp buying juniper networks, they announced that last month. $14 billion deal, that will help with edge computing and ai. >> thank you very much, christina is back with us looking ahead. dell's results? >> they are thought to be in a sweet spot. 60% of the server market, 35% storage, 18 of the pc market on dell. softer pc sales impacted both hpe and best buy earnings recently in the near term. that's why they expect q4 revenues to stay in line at best. it is a long-term setup that makes this name a favorite among analysts, their data center is largely enterprise firms which was a customer segment yet to pick up ai demand. ai server revenue can go to nothing to 50% of total earni
we will put in our fourth straight month of gains, we have more coming, steve kovach. >> there's a bitan ai story with hpe, there's that fast growing segment for high performance computing and ai, that was up 37% this last quarter, the segment was growing faster than ever, intelligent edge was 41%, very high margin business, the storage and compute segments are shrinking, expecting sales to be down year on year. hp buying juniper networks, they announced that last month. $14 billion deal,...
0
0.0
Feb 1, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
thank you, ben reitzes and steve kovach. stay warm out there, steve, see you soon. >>> shares of norfolk southern higher today on reports of a proxy battle. now, the company is responding and morgan brennan is in the newsroom with more details. >> hi, tyler, that's. right and investor group led by a cora holdings has built a large stake in norfolk southern with plans to run a proxy fight to overhaul the board and overhaul the ceo alan shaw. norfolk southern issuing a statement short while ago saying, quote, the norfolk southern boarded management team regularly engage with shareholders and take the perspective seriously. we are committed to acting in the best interest of the company other shareholders as we continue to execute our strategy to balance safe, reliable service, continuous productivity driven by a precision scheduled operating model and the pursuit of smart, a creed of growth. first reported by wall street journal, i can confirm the details of that report. and cora has built a roughly one billion dollar stake, no
thank you, ben reitzes and steve kovach. stay warm out there, steve, see you soon. >>> shares of norfolk southern higher today on reports of a proxy battle. now, the company is responding and morgan brennan is in the newsroom with more details. >> hi, tyler, that's. right and investor group led by a cora holdings has built a large stake in norfolk southern with plans to run a proxy fight to overhaul the board and overhaul the ceo alan shaw. norfolk southern issuing a statement...
0
0.0
Feb 8, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kovach, also joins us on set. why don't i start with you. why don't you take the disney for a first, put it into context, tell us what they're doing, what this is going to enable them to do, and why they haven't been more forthright or forthcoming in gaming to this point? >> let me tell you a story of two bobs. we have bob jay pack, they spoke to -- when he was ceo of disney. julia's very smartly says what's your metaverse strategy, mr. check back? his answer was disney+. let's fast forward to what mr. iger said, the other bob, he said yesterday. well, we see an opportunity in gaming and this interactive environment, we understand that we have this great ip that we are already licensing to gaming companies, or licensing it to sony for spider-man two, which is a massively popular game, made gobs of money. we're working with fortnite which epic games makes. licensing our characters and ip to them, this is just going to expand that and create this flywheel for for customers to have new east to experience it, sort of
kovach, also joins us on set. why don't i start with you. why don't you take the disney for a first, put it into context, tell us what they're doing, what this is going to enable them to do, and why they haven't been more forthright or forthcoming in gaming to this point? >> let me tell you a story of two bobs. we have bob jay pack, they spoke to -- when he was ceo of disney. julia's very smartly says what's your metaverse strategy, mr. check back? his answer was disney+. let's fast...
0
0.0
Feb 13, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
steve kovach. karen?>> you've been in this. >> karen's sill lowe. >> you are in it now. >> it was like two acronyms back, but -- i mean -- >> back when you played the game the right way. i'm sorry, i had to do that. >> all right. all right. so, the x in helm doesn't work for you, that's fine. there was a lot to like here. they're really building just an incredibly powerful and asset-light business, and imagine -- imagine if there were existing home sales on the market and more transactions happening, what this could do. they had nice guidance, but i think of them as a bit of underpromise, overdeliver. so, the mid-point of the guidance was a little beat, but a lot to like here, except rates. >> right. and we saw the entire housing sector today creamed on the back of higher rates. >> that's -- that's the rub there, because if rates continue to go higher, it's going to further put a damper on things, i think. and you can say zillow is maybe a little expensive on valuation, but it doesn't mean they're not the
steve kovach. karen?>> you've been in this. >> karen's sill lowe. >> you are in it now. >> it was like two acronyms back, but -- i mean -- >> back when you played the game the right way. i'm sorry, i had to do that. >> all right. all right. so, the x in helm doesn't work for you, that's fine. there was a lot to like here. they're really building just an incredibly powerful and asset-light business, and imagine -- imagine if there were existing home sales on...
0
0.0
Feb 8, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
steve kovach watching take two. kate rooney back watching a firm.day. >> weekly closes are the most important anyway if you're looking at the charts. market seems to have a sense of humor because we approach 5000 and everyone is think it's too narrow. today the russell 2000 is up 1.4%. the russell 2000 has been the upside stander. it's trying to turn around and gather it self in a broader way, not really too much consequence just yet but we will see if we get there, not a lot in terms of moving things. it's about, can we just have a little bit of a bid to break us out, more decisively above this level. is about early february, we have come a long way this year. we are going to reset. >> see if there is more optimism around earnings per it's one of the stories steve kovach, what should we walk through? >> grand theft auto company, a lot of optimism up to the announcement of that grand theft auto game into december. it came after the company gave massive guidance for its fiscal 2025 last year. the optimism has deflated, especially this week. downgrade
steve kovach watching take two. kate rooney back watching a firm.day. >> weekly closes are the most important anyway if you're looking at the charts. market seems to have a sense of humor because we approach 5000 and everyone is think it's too narrow. today the russell 2000 is up 1.4%. the russell 2000 has been the upside stander. it's trying to turn around and gather it self in a broader way, not really too much consequence just yet but we will see if we get there, not a lot in terms of...
0
0.0
Feb 5, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
steve kovach. we heard a drum beat of companies supplying to the same end markets, worries about the inventory, overbuilding in terms of the inventory and here we are, nxp seems to have navigated that. >> agree. but you can get your arms around this one on valuation. 16 times next years number, ish. not ridiculous. in terms of price to revenue, we talked about nvidia, 17 times, this is probably closer to five, which, again -- look, i'm not saying nvidia should trade five, but 17 is stretched. >> apples and oranges. >> yes. >> this stock has done nothing for two years at a time when semis have gone through the roof. the argument is, this is one of these, you know, overly commoditized chip names that i think people, you know, see as cyclical, frankly, where as the other ones are no longer cyclical, they're growth. >> do you want an apple or an orange? >> wow. >> all the lists kris ticked off in terms of inflation, check, check, if you believe those things, do you want to be in a company that's more c
steve kovach. we heard a drum beat of companies supplying to the same end markets, worries about the inventory, overbuilding in terms of the inventory and here we are, nxp seems to have navigated that. >> agree. but you can get your arms around this one on valuation. 16 times next years number, ish. not ridiculous. in terms of price to revenue, we talked about nvidia, 17 times, this is probably closer to five, which, again -- look, i'm not saying nvidia should trade five, but 17 is...
0
0.0
Feb 9, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
deirdre bosa, steve kovach, kristina partsinevelos, let's start with you.do we know about altman's ambitions and the price tag he has put on them, or someone has? >> tyler, we know that they are mind-boggling. this is like the moon shot of all moon shots, and 'm going to use google's definition here. a moon shot is something that sounds undoable, but if done, could redefine humanity. that is what sam altman is reportedly looking at. let's start with the number. according to the journal, it could require up to seven trillion dollars. that is seven times the suspected size of chip sales in 2030. it's more than the combined market caps of apple in microsoft. it is 7 million millions written out, 12 zeroes if you are counting. i will put up on the screen for you. we can barely hit it on one screen. the project itself as aimed at reshaping the world's which chip building capacity. altman is going after one of the most complex, geopolitically sensitive and the world. and it's a project record equally complex partnership between openai, chip makers, investors, pow
deirdre bosa, steve kovach, kristina partsinevelos, let's start with you.do we know about altman's ambitions and the price tag he has put on them, or someone has? >> tyler, we know that they are mind-boggling. this is like the moon shot of all moon shots, and 'm going to use google's definition here. a moon shot is something that sounds undoable, but if done, could redefine humanity. that is what sam altman is reportedly looking at. let's start with the number. according to the journal,...
0
0.0
Feb 1, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
steve kovach has the very latest >> yeah, mel, so, the headline here is, apple shows growth for the first time in a year this, of course, four straight quarters in a row of declining sales. this time, revenues came in at $119.58 billion. that's about 2% revenue growth now, there's a shorter -- there's a weak less this quarter rather than a year ago, and some other funky things comparing, but i would note that those expectations for revenue came way down from $123 billion back on -- in november of last year still, a beat there, also a beat on the bottom line iphone revenues looked pretty good there are other numbers to talk about. $69.7 billion, that was a beat services, a new record there, showing reaccelerating growth again, up 11% to $23.1 billion but look, china, that is what's really dragging things down here sales in the greater china segment down 13% year on year to $20.82 billion and then the earnings call is just getting started, mel, but i want to say, one a.i. headline already coming out from ceo tim cook, he just said on the call that they're spending a tremendous -- this is hi
steve kovach has the very latest >> yeah, mel, so, the headline here is, apple shows growth for the first time in a year this, of course, four straight quarters in a row of declining sales. this time, revenues came in at $119.58 billion. that's about 2% revenue growth now, there's a shorter -- there's a weak less this quarter rather than a year ago, and some other funky things comparing, but i would note that those expectations for revenue came way down from $123 billion back on -- in...
0
0.0
Feb 28, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
steve kovach. by the way, do not miss the outgoing and incoming snowflake ceos on with jim tonight, that's only on "mad money," 6:00 p.m. eastern time. that's a big decline on the departure of a ceo. >> huge decline. but it is also a valuation thing. it was the fall of 2021, we had conversations on the desk, we said, great company, was traeftraeft i trading at the time 80 times revenue. it's still probably trading close to 40 times ish revenue, which is very expensive. i would submit, in any environment. so, the answer to your question is, yes, it's a big move lower. it probably makes sense. there's an opportunity to buy the stock. i don't think it's at $179 or whatever right now. >> where are you on high multiple software, dan? >> yeah, i don't really like high multiple anything, melissa. i think clearly it's all caught up in the same story. people chasing these. and a lot of these are great businesses. it's just people only focusing on the story, not the investment, and i think that's a mistake.
steve kovach. by the way, do not miss the outgoing and incoming snowflake ceos on with jim tonight, that's only on "mad money," 6:00 p.m. eastern time. that's a big decline on the departure of a ceo. >> huge decline. but it is also a valuation thing. it was the fall of 2021, we had conversations on the desk, we said, great company, was traeftraeft i trading at the time 80 times revenue. it's still probably trading close to 40 times ish revenue, which is very expensive. i would...
0
0.0
Feb 5, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
plus kate rogers, from the sell- off mcconnell shares today, and steve kovach looking into nxp results you first. we obviously did not like the prices paid reading today. the other economic data was strong. and we are in spite of, good is good, maybe it would have to be in the right places? >> yes, we have to see if the market itself, sort of over discounted could be good, maybe not yet. it is a tough market to be bare, you thought you had a good downside shot today, yields up over two days, you had the prices paid. now, with the index itself, very over bought. mark it's not really in here, there is a lot of stocks falling by the wayside. unless you are talking but isolated areas when we point to the market, the index has been finding a way, and the buy the winners strategy of course also keeps working, can't go on forever. still, very open to the idea that february, you get some shop, positioning getting more aggressive. don't be surprised if we find an excuse to back off. when earnings are not setting off alarms in the broad sense, they are not, especially about the first quarter est
plus kate rogers, from the sell- off mcconnell shares today, and steve kovach looking into nxp results you first. we obviously did not like the prices paid reading today. the other economic data was strong. and we are in spite of, good is good, maybe it would have to be in the right places? >> yes, we have to see if the market itself, sort of over discounted could be good, maybe not yet. it is a tough market to be bare, you thought you had a good downside shot today, yields up over two...
0
0.0
Feb 1, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
we have julia boorstin and kate rooney, but we start with steve kovach >> the thing to watch is willgrowth after deliclining sales. apple is expected to report flat sales for thie fourth quarter china especially has been a problem thanks to the slower reopening the economy coupled with competition from huawei which started making phones again after a hiatus for a couple of years. beyond that, pay attention to apple's earnings call. that's when the company will give guidance on the current march quarter. many are sour on the march quarter. the analyst reported that apple expects to ship 15% fewer iphones this year. we will find out if apple has anything to say about that >> the big thing to watch is the revenue growth analysts are expecting the social media giant to report 22% revenue growth which is down a hair from the 23% growth the company reported in the third quarter. this will be a key indicator of whether meta's investment in a.i. is paying off to make the ads more valuable. growth could reflect the ads spending of temu and shein the stock has been on a tear which is up 165% i
we have julia boorstin and kate rooney, but we start with steve kovach >> the thing to watch is willgrowth after deliclining sales. apple is expected to report flat sales for thie fourth quarter china especially has been a problem thanks to the slower reopening the economy coupled with competition from huawei which started making phones again after a hiatus for a couple of years. beyond that, pay attention to apple's earnings call. that's when the company will give guidance on the current...
0
0.0
Feb 13, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
steve kovach. up next, our "chart of the day." jetblue is soaring. committee member jenny harrington owns it. she is calling in on it next. plus stephanie link has another move to tell you about. >> announcer: are you following "the halftime report" podcast? what are you waiting for? look for us in your favorite podcasting app. follow "the halftime" podcast now. whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at go
steve kovach. up next, our "chart of the day." jetblue is soaring. committee member jenny harrington owns it. she is calling in on it next. plus stephanie link has another move to tell you about. >> announcer: are you following "the halftime report" podcast? what are you waiting for? look for us in your favorite podcasting app. follow "the halftime" podcast now. whatever they may be. all that planning has paid off. looks like you can make this work. we can...
0
0.0
Feb 9, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> all right steve kovach, appreciate you as always. -- it is back with us to share what is behind.that's behind this incredible move? >> you know the answer to that, this time as you have custom -- last years, it has been working on them. but today -- points out not only has -- it been a custom chip unit, but is meeting with amazon, meta, google, openai to discuss building their custom chip, and it is also talked to build a wireless -- chip. and -- reached out, they won't confirm these conversations, but you can see the stock reaction positive for nvidia, positive for ericsson, and negatively impacting customs chip competitors like marble, for example. and for those who don't, know custom ships performed very specific tasks, and are cheaper than gpus. i was chatting with jordan klein in -- earlier today, and he brings up a really good point to me that these custom nvidia chips could cannibalize many actual -- . additionally, custom chips have smaller margins. but scott, a growing number of companies, a.w.s., meta, microsoft, google, the list continues, are making their own in-house
. >> all right steve kovach, appreciate you as always. -- it is back with us to share what is behind.that's behind this incredible move? >> you know the answer to that, this time as you have custom -- last years, it has been working on them. but today -- points out not only has -- it been a custom chip unit, but is meeting with amazon, meta, google, openai to discuss building their custom chip, and it is also talked to build a wireless -- chip. and -- reached out, they won't confirm...
0
0.0
Feb 9, 2024
02/24
by
KNTV
tv
eye 0
favorite 0
quote 0
steve kovach joins us. >> the biden administration today announced a $5 billion investment to developanced computer chips, the public and private consortium is funded through the chips and saturday night act and aims to boost the semiconductor sectors here at home. >>> soccer star's lionel messi's no show will cost them $7.25 million in refunds. the refunds will leave the organizer with a loss of more than $5 million instead of a planned profit. >>> and like you said, zillow launched an option to search for individual room listings as americans struggling with higher rent and housing costs, the app now includes a room filter under the home type dropdown menu. search for a room in a single-family rental, condo or townhouse based on your budget, lifestyle, and preferred location. i used to have to rely on craig's list. this is good too. >> this is definitely a change. it makes me a little nervous about the future of housing. >> rents keep going up. >> keeps going occupy. steve, thank you. >>> coming up, millions of folks are getting ready to tune in, and chow down this super bowl weeken
steve kovach joins us. >> the biden administration today announced a $5 billion investment to developanced computer chips, the public and private consortium is funded through the chips and saturday night act and aims to boost the semiconductor sectors here at home. >>> soccer star's lionel messi's no show will cost them $7.25 million in refunds. the refunds will leave the organizer with a loss of more than $5 million instead of a planned profit. >>> and like you said,...
0
0.0
Feb 28, 2024
02/24
by
CNBC
tv
eye 0
favorite 0
quote 0
steve kovach joins us now at the table with more on all of it. what is happening? whatever metaphor you want to use. this is all coming after about a decade and billions of dollars in spending. bloomberger first broke the news last night, confirmed all over the place. this decision comes after years of leadership changes and deviations from the original dream of a self-driving electric car, they were calling it project titan internally, with no steering wheel or gas pedals. one point, apple thought it could sell its car by 2020. the project created a revolving door because between talent from tesla and apple attracted executives from traditional car companies as well, gm, bmw and the like. but nothing has ever shifted in the last decade from this group and many top execs bolted after just a few years. the last project leader that was doug field he was famous for making the tesla model 3, he left apple for ford in 2021. and most recently the group is run by kevin lynch. he was originally hired by apple to make the apple watch. his job is changing now by the way. he'
steve kovach joins us now at the table with more on all of it. what is happening? whatever metaphor you want to use. this is all coming after about a decade and billions of dollars in spending. bloomberger first broke the news last night, confirmed all over the place. this decision comes after years of leadership changes and deviations from the original dream of a self-driving electric car, they were calling it project titan internally, with no steering wheel or gas pedals. one point, apple...