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Closing Bell

Closing Bell: Earnings Season Strength… or Stumble? 7/23/24

Jul 23, 2024
Financial experts Dan Greenhaus, Marci McGregor, and Victoria Fernandez discuss the impact of earnings season on the market. Shareholder Ayako Yoshioka and tech expert Alex Kantrowitz analyze Alphabet's report. Also, top analyst Dan Ives shares insights on Tesla's numbers.
43:16

Podcast summary created with Snipd AI

Quick takeaways

  • Investors watch Tesla's margins in response to China pricing stabilization and lower-priced model plans.
  • Alphabet's report highlights Google Cloud revenue growth, YouTube ad revenue, and market position.

Deep dives

Texas Instruments: Stabilization in Demand and Margins

Analysts expect a year-over-year decline in Texas Instruments' earnings for the second quarter amidst concerns about its customers in the automotive space and working through inventory levels. Investors will closely watch the company's margins, looking for signs of stabilization, and potential adjustments in its CAPEX budget. With 75% of its business in the U.S., Texas Instruments' plans for further expansion in the U.S., like its wafer fabrication plant in Utah, will be under scrutiny.

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