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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGene Munster: There's another 15-20% of headcount reduction left for big tech in next 3-6 monthsGene Munster from Deepwater Asset Management joins 'Squawk Box' to discuss what recent cost cuts could mean for technology stocks.
Watch CNBC's full interview with Deepwater Asset's Gene Munster
  + stars: | 2023-01-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Deepwater Asset's Gene MunsterGene Munster from Deepwater Asset Management joins 'Squawk Box' to discuss what recent cost cuts could mean for technology stocks.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Tesla investors may be playing with fire ahead of Wednesday's earningsGene Munster, Deepwater Asset Management Managing Partner, joins CNBC's "Fast Money" to discuss what investors should expect from Tesla earnings.
Apple is now the only major tech giant that hasn't conducted mass layoffs recently. Apple is in a different position than its peers because it has been more strategic about its growth. Wall Street hopes that CEO Tim Cook's pragmatic approach puts Apple in a better spot. Apple is in a different, stronger position, though, industry analysts tell Insider — a position that they say validates CEO Tim Cook's pragmatic approach to growth. Lastly, another hallmark of Cook's strategy is that Apple doesn't have a history of pouring money into risky, whimsical side projects.
Tesla's price cuts will cause earnings to dive 25% this year, according to Loup's Gene Munster. "It's a win for consumers and Tesla's brand. Musk's cash-out and erratic behavior on the social media site are partly responsible for damaging Tesla's brand, Munster said. But he thinks the Tesla's image is now being repaired with price cuts, since the move will be favorable with Tesla's customers. Tesla is going to gain market share near term which has long term market share benefits as the EV market ramps," Munster tweeted.
Watch CNBC's full interview with Loup's Gene Munster
  + stars: | 2023-01-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Loup's Gene MunsterGene Munster, Loup founder and managing partner, joins 'Squawk Box' to discuss the outlook for Tesla and other tech stocks.
Tesla shares are undervalued, says Loup's Munster
  + stars: | 2023-01-10 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla shares are undervalued, says Loup's MunsterGene Munster, Loup founder and managing partner, joins 'Squawk Box' to discuss the outlook for Tesla and other tech stocks.
Analysts and industry observers have compared Tesla and CEO Elon Musk to Apple and Steve Jobs. Tesla isn't the next AppleBoth Apple and Tesla had a first-mover advantage, another reason so many analysts like to draw parallels between the two brands. When Tesla emerged with top-selling electric cars, the Tesla Model Y and Tesla Model 3, held a commanding market share in North America. A shrinking market share isn't disastrous for Tesla — part of the reason Tesla's market share will shrink is that every auto maker will be selling a lot more EVs. The world's largest automaker, Toyota, had a market share of just 10.5% in 2021 — nowhere near the 55% market share Apple holds in the US.
While the meeting minutes don't tell us exactly what the Fed will do next month, generally they are worth paying attention to for hints into the thinking of central bankers. Shares fell further on Tuesday and Wednesday after a Nikkei report said demand for MacBooks, AirPods, and Apple Watches is weakening. But Loup Funds' Gene Munster said Apple stock should be worth double its current value, given that it's one of the world's greatest companies. What's your outlook for Apple stock this year? This hedge fund manager has returned 163% over the last year, and he's anticipating more pain to come for stocks.
Apple should be a $250 stock, says Loup's Gene Munster
  + stars: | 2023-01-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple should be a $250 stock, says Loup's Gene MunsterGene Munster, Loup founder and managing partner, joins 'Squawk Box' to discuss Munster's long-term prognosis on Apple, how Apple should be valued and how much of Munster's ideal valuation is based on Apple's current product offering.
Apple should be a $250 stock, according to Loup's Gene Munster, nearly double from its current price. He labeled the iPhone maker as "one of the world's greatest companies" in a Wednesday interview with CNBC. On Tuesday, Apple's market cap slipped below $2 trillion after a report said demand has weakened. "This is debateably one of the world's greatest companies," Munster told CNBC on Wednesday. But now Apple, according to a Monday report from Nikkei, is seeing weaker demand, specifically for its MacBooks, AirPods, and Apple Watch.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Loup's Gene Munster on tech stock slumpGene Munster, Loup founder and managing partner, joins 'Squawk Box' to discuss Munster's long-term prognosis on Apple, how Apple should be valued and how much of Munster's ideal valuation is based on Apple's current product offering.
The only other negative four-quarter stretch in the Nasdaq's five-decade history was in 1983-84, when the video game market crashed. watch nowOther than 2008, the only other year worse for the Nasdaq was 2000, when the dot-com bubble burst and the index sank 39%. Numerous companies went bankrupt, most notably crypto exchange FTX, which collapsed after reaching a $32 billion valuation earlier in the year. In total, Nasdaq companies have shed close to $9 trillion in value this year, according to FactSet. At its peak in 2000, Nasdaq companies were worth about $6.6 trillion in total, and proceeded to lose about $5 trillion of that by the time the market bottomed in October 2002.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple is a good stock for the long-term, says Loup's Gene MunsterGene Munster, founder and managing partner at Loup Ventures, joins CNBC's 'Squawk Box' to break down shares of Apple amid a slide in tech stock valuations in 2022.
Tesla shares are trading at $122, with the stock up about 8% Thursday. Why Tesla is tankingA popular misconception has emerged about Elon Musk and Tesla: The megabillionaire’s love affair with Twitter is the main reason Tesla shares have lost so much value this year. Musk, Tesla’s largest shareholder, has sold $23 billion worth of Tesla shares since his interest in Twitter became public in April. On a Twitter Spaces call last week call, Musk promised he was done selling shares of Tesla (TSLA) stock until at least 2024, if not beyond. But he hasn’t lived up to a previous promise in April that he was done selling Tesla (TSLA) shares, selling $14.4 billion of that stock since that time.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech has been like a horror show this year, says Wedbush's Dan IvesDan Ives of Wedbush and Gene Munster of Loup Ventures join Brian Sullivan and the 'CNBC Special: Taking Stock 2023' to discuss the year in tech and why they've had such a bad year in 2022.
Gene Munster on what's next for Tesla stock
  + stars: | 2022-12-27 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGene Munster on what's next for Tesla stockLoup Ventures' Gene Munster looks at what's in store for Tesla's stock after another down day. With CNBC's Melissa Lee and the Fast Money traders, Mike Khouw, Courtney Garcia, Victoria Fernandez and Steve Grasso.
New York CNN —A popular misconception has emerged about Elon Musk and Tesla: The megabillionaire’s love affair with Twitter is the main reason Tesla shares have lost so much value this year. Investors have been disappointed that Musk appears to be paying for so much of his $44 billion purchase of Twitter by selling Tesla stock. Musk, Tesla’s largest shareholder, has sold $23 billion worth of Tesla shares since his interest in Twitter became public in April. On Thursday’s Twitter Spaces call, Musk promised he was done selling shares of Tesla stock until at least 2024, if not beyond. But he hasn’t lived up to a previous promise in April that he was done selling Tesla shares, selling $14.4 billion of that stock since that time.
A lot has been said about reshoring, as companies look to bring manufacturing back to their home countries, particularly the U.S. Reshoring is essentially companies returning operations to their original country from overseas. "The reshoring craze is real, especially as you continue to hear more and more about this general theme of deglobalization," he said. "They sell into the construction of the factory, they sell into the equipment of the factory, the automation of the factory." The company's equipment is needed for big semiconductor manufacturing plants as companies test chips as they are produced, Snyder said.
Despite the comedown, many stocks still are expensive on a price-to-earnings basis when compared with the broader S & P 500, which trades at 18 times earnings. As of Monday's close, Meta shares trade at 11 times earnings on a 12-month trailing basis, down from 24 times at the start of 2022. PE ratios for all three stocks have come down significantly this year, with Cisco trading at 17 times earnings, compared to more than 23 times at the start of 2022. Within the semiconductor sector, Meeks favors names operating within industrials and autos, that are better positioned in a slowdown. While risk-averse tech may be the name of the game for 2023, some investors caution opting out of growth altogether.
In light of the hubbub surrounding FTX and Sam Bankman-Fried, this morning I'm thinking about a quote by novelist G. Michael Hopf:"Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times." And that's the sense I got from speaking to one 26-year-old investor who lost a sizable chunk of his portfolio in FTX. I just caught up with FTX user Daniil Pemberton, who lost access to roughly $14,000 in funds when the crypto exchange imploded last month. Now, FTX users like Pemberton have been left with a hole in their pockets and faltering faith in the digital asset sector. Do you have a story to share about losing access to funds in FTX, or on how you're changing your investment strategy?
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors want Musk to be more involved with Tesla, says Loup’s Gene MunsterGene Munster, founder and managing partner at Loup Ventures, joins CNBC’s ‘Squawk Box’ to discuss why investors want Elon Musk to be more involved with Tesla. Tesla shares have slumped ever since Musk acquired Twitter.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech stock expectations are coming down but not fast enough, says MKM Partners' Rohit KulkarniMKM Partners' Rohit Kulkarni and Loup Ventures' Gene Munster join 'Closing Bell' to discuss the general tech outlook, key players in the technology space and near- and long-term forecasts for tech.
Elon Musk's continued sales of Tesla shares as he focuses on his newly acquired Twitter is denting the EV maker's brand, Wedbush analyst Dan Ives said Thursday. The Tesla CEO cashed in another $3.6 billion of Tesla stock this week. A Securities and Exchange Commission filing revealed Wednesday that Musk — the CEO of Tesla and privately held Twitter and Space X — cashed in another $3.6 billion of Tesla stock this week. Tesla stock has plunged about 55% in 2022, partially stemming from some investors seeing Musk's attention on the social media site as a distraction. On Wednesday, Loup Capital's Gene Munster said Musk's mistakes surrounding Twitter is damaging Tesla's brand and he needs "to pull it together."
InsiderSEC filings on Wednesday revealed Elon Musk sold $3.6 billion more in Tesla stock. Dan Ives stated that Musk is 'using Tesla as his own ATM machine' to fund Twitter. That brings the total amount of Tesla stock that Musk has sold this year to $23 billion. Just a few days ago, Musk promised that in the long haul, Tesla would benefit from his ownership of Twitter. He also promised he wouldn't sell any more Tesla stock.
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