and skyworks check this out today. losing almost a quarter of its value gets a lot of business from apple. says the business is shrinking qualcomm and cuervo down as well nvidia bucking the trend though it's up almost 3% back to around 128. we'll talk to an analyst defending that stock. and meta sounds like a broken record higher for the 14th session in a row. now it's the last down day january 16th. it's up 21% so far this year. brian. >> it has not. >> had a down. >> day under the new administration. of the guy that occupies the big white house. that's about two miles down the road. we'll get more on that in a bit, but let us begin. power lunch today with honeywell. now honeywell is a name you know. well the stock not doing well today. it is down 5%. honeywell announcing plans to split into three separate companies. let's get more details of that spin and what exactly they're doing and why with seema mody. >> seema. >> brian, this is one of the largest industrial conglomerates now splitting into three amid growing pr

let's start with skyworks solutions. are down more than 29% on track to lose a quarter of its value at the open after forecasting sales declines and what had been a highly lucrative mobile segment. management on the call highlighting increasing competition to get their hardware into apple's newest iphones. shares of arm holdings also sharply lower, despite a q3 top and bottom line beat current quarter revenue and earnings forecast. however, they came in line with estimates. shares of arm down about 4%. shares of qualcomm under pressure as well, despite an all around positive earnings report and current quarter forecast, ceo cristiano amon speaking with cnbc, saying even deep sea is a tailwind for the company. still shares down more than 5%. we're also following shares of ford this morning. they're sinking ahead of the open despite a q4 top and bottom line beat the company, forecasting a tough year ahead. however, with guidance coming in in line or just short of most estimates. ceo jim farley, speaking with cnbc yesterday

but skyworks has a huge percentage of apple's business. remember apple's like fight club. >> you can't mention. >> apple in the conference call. you say a large client. but it looks like the broadcom is going to be splitting. >> maybe not. >> as much as skyworks but that's just devastating. skyworks a very very good for broadcom. >> and this. >> is just hock. >> tan. >> just coming. >> through every cylinder. >> but david you know when. >> you have one. >> client it. >> is just a. very rough thing. >> yeah i mean you're you're always at risk. obviously we've seen skyworks shares always move in sympathy with apple one way or another in terms of demand haven't we jim. >> absolutely. >> have they not been able to diversify their client base significantly over these years? because it's not as though this is new that apple wasn't their largest customer? >> absolutely. and i think that. >> one of the things that. >> that the company. >> may regret. >> is, you. >> know, they've got some samsung. >> business. >> but they needed to. >> go far afiel

but we occasionally will get a name whether it's skyworks, for example, that gets hammered due to one piece of news that relates to maybe one of its biggest customers, apple, which is now deciding to choose not just skyworks for a key chipmaker, but another name, and then suddenly a name goes south. how does an investor handle something like that? >> well, i think the investor going into the trade must realize that right now we are looking at a relatively pricey market. the s&p is trading at a 20% premium to just the 10-year average forward pe ratio at about 35% premium over the last 20 years. tech is at a 33% people if yum over 10 years -- premium -- and nearly double that over a 20-year period. i think investors need to realize that that whatever growth we get in 2025 will likely not be the result of p if e multiple expansion, but, rather, an improvement in earnings themselves. and we have been seeing a bit of an adjustment lower for the full year 2024 and for 2025. estimates had been about 13-14% for 25 estimates, now they're a shade below 11 percent. liz: i get it. and, alan, then

skyworks also announcing a new ceo and some more after hours action.ng after missing earnings estimates. expedia jumping after beating expectations on the top and bottom lines and reinstating its quarterly dividend and bill holdings plummeting on light guidance. dan, you're pointing to the chip data points and how it built a pastiche. about my eye. >> that's actually a very that's a. >> harder word, to. be honest. >> pastiche. >> well, max. >> meyers used to use. >> that pastiche. >> of payne mosaic. >> yeah. >> you know, all. >> these things. well, listen, you know, i don't think people had particularly high expectations of qualcomm, right? and we know that that is very levered to handsets. right. and at one point you could have made the argument that they're making chips for copilot pcs, which was going to be an extension of this ai trade. well, apple is a 22% customer. and based on what we heard from apple in china, down 11% year over year, obviously iphone is a big part of that. apple intelligence is not there. now the chinese are looking at, you k

skyworks big apple supplier down 30%.he company formerly known as microstrategy, is up just about a percent or so. the software company and of course largest corporate holder of bitcoin has just rebranded itself as strategy and unveiled a new logo with a bitcoin be again also coming up with results for the fourth quarter and a net loss. but the company is also followed by investors more for its crypto holdings and not its business overall. so microstrategy turning more into a bitcoin treasury type company. becky. jo. andrew it feels good to say that. so welcome back, joe, and i'll send things back over to you guys. >> it's thursday. we have to keep telling myself that. so i were you able to say anything about rory? did i miss that? you. you have been a long time. i have, i don't know, a fan, and i've never seen it. where every single part of the game was just. it's like i don't see how he ever loses another tournament. and how about did pebble not show? it's worth on sunday. i mean that's a day where you can see what the

we will track every move into the close today a notable decliner is skyworks shares sharply lower on the earnings and the outlook. we'll watch that closely too. down almost 25%. it does take us to our talk of the tape. another big moment for big tech as amazon reports in just about one hour. so let's bring in our experts. mark mahaney is head of internet research for evercore isi. and jason snipe owns that stock. he's with odyssey capital, also a cnbc contributor. welcome both. it's good to have you. good to be here mark. first and foremost, does everything come down to aws growth? >> no. >> but most things do. so you had deceleration sort of surprising deceleration by both azure and. google cloud. and so the market that's why amazon's sort of sort of. >> underperformed the. >> last day or two. >> and so yeah. >> the bar. >> got lowered. >> it's kind of simple. now the. >> street's looking. >> for 19%. >> revenue growth for aws. less than that. >> stock trades. >> off more. >> than that. stock trades up. now that's everything else being equal. you need the other things. being equal w

shares of skyworks tanking more than 20% after hours. the chip maker reporting a bigger than expected drop in quarterly revenue and guiding for a sales decline in the current quarter for its key mobile segment due to weakness in china. the company also announcing a new ceo. well, another earnings alert here on for shares of the automaker tanking despite a beat on the top and bottom line, phil lebeau spoke with ceo jim farley after results. he joins us now for all the highlights phil. >> and melissa, we'll hear from jim farley. >> in. >> just a bit. the pressure. >> that you're. >> seeing on ford shares it's mainly because of the guidance for 2025. well below what the street was expecting in terms of a performance in the fourth quarter for the three primary businesses. remember, they break it out by internal combustion engines versus evs versus commercial vehicles. and once again. >> it's the ice. >> and. >> the. >> commercial vehicles. >> that are. >> carrying the water for ford. >> profitable. >> solidly profitable ev losses of $1.38 bi