Apple stock could double in the next few years: Loup Venture's Gene Munster
Gene Munster, co-founder and managing partner at Loup Ventures, joins "Squawk Box" to discuss the latest earnings out of Big Tech and what some companies are saying about the current business environment.
This week, 140 S&P 500 companies and 12 Dow stocks are set to report, and some big tech names are at the top of the ticket, including Apple, Facebook and Microsoft.
However, with the impact of the coronavirus pandemic clouding company outlooks, investors are struggling to piece together what to make of the results.
“This is a very difficult earnings season,” Steve Chiavarone, portfolio manager at Federated Hermes, told CNBC’s “Trading Nation” on Friday. “Look, we know Q1 was bad given what happened in March. We know Q2 is going to be disastrous in terms of what’s happening there. But, what we’re to see is what’s the path forward and when could we start to think about earnings getting back to 2019 levels.”
Roughly 28% of the S&P 500 has reported first-quarter results so far. Analysts anticipate earnings for the quarter to fall by around 15%.
“Given all the uncertainty … the best that you could do is look at the Q1 numbers, try to get some sense of how bad March was and extrapolate that,” he said. “What we’re focused on this earnings season … looking at those big companies that have an outsize impact on the overall earnings levels — names that we all know like, Alphabet and Microsoft and Facebook and Amazon.”
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Видео Apple stock could double in the next few years: Loup Venture's Gene Munster канала CNBC Television
This week, 140 S&P 500 companies and 12 Dow stocks are set to report, and some big tech names are at the top of the ticket, including Apple, Facebook and Microsoft.
However, with the impact of the coronavirus pandemic clouding company outlooks, investors are struggling to piece together what to make of the results.
“This is a very difficult earnings season,” Steve Chiavarone, portfolio manager at Federated Hermes, told CNBC’s “Trading Nation” on Friday. “Look, we know Q1 was bad given what happened in March. We know Q2 is going to be disastrous in terms of what’s happening there. But, what we’re to see is what’s the path forward and when could we start to think about earnings getting back to 2019 levels.”
Roughly 28% of the S&P 500 has reported first-quarter results so far. Analysts anticipate earnings for the quarter to fall by around 15%.
“Given all the uncertainty … the best that you could do is look at the Q1 numbers, try to get some sense of how bad March was and extrapolate that,” he said. “What we’re focused on this earnings season … looking at those big companies that have an outsize impact on the overall earnings levels — names that we all know like, Alphabet and Microsoft and Facebook and Amazon.”
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https://cnb.cx/2JdMwO7
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
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Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
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Видео Apple stock could double in the next few years: Loup Venture's Gene Munster канала CNBC Television
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