Wedbush's Daniel Ives: 'I think we're in the middle of a rerating' (video)

From CNBC's "Now is not the time to throw in the towel on tech stocks: Wedbush's Ives" which aired Friday morning:

Dan Ives, managing director at Wedbush Securities, joins CNBC's 'Squawk Box' to break down how investors should play tech stocks.

Cue the YouTube:

My take: Ives is such a cheerleader! Joe Kernen can't be as dumb as he sounds. He has a Masters of Science in Biology from MIT. Where I come from that means almost as much as a PhD.

16 Comments

  1. Tommo_UK said:
    Now is not the time to give up on tech stocks is such a broad generalisation it’s useless commentary. Neither is it the time to double down. Thin trading, rising fear, trouble at the fed and everyone jockeying for attention with opinions.

    Sit back and drink some hot chocolate with Bailey’s and stay away from the hysteria on both sides. Nobody knows what’s happening short term so there’s no tradable thesis. As retail money has been a big driver of the rally its lack of participation over Christmas may let the market fall a bit.
    There’s really nothing to comment on because there’s no real news. A period of silence would really be a relief. I really can’t take another hysterical frothing at the mouth story about satellite AR glasses or Apple Cars. Enough.
    I’m going to watch Gremlins. The 80s really were unbeatable for feel good movies 🙂

    6
    December 17, 2021
    • Kirk DeBernardi said:
      “…as dumb as he sounds.”

      Remember, if you play dumb, you don’t have to work as hard.

      0
      December 18, 2021
    • Robert Paul Leitao said:
      Tommo: I picked-up some specific names for further research from Dan’s comments. In highly inflationary times, tech-based solutions can be a counter-weight to rising prices through greater productivity. While the cloud is becoming an increasingly crowded space, there are and will be clear winners in the ongoing enterprise migration.

      0
      December 18, 2021
  2. Tommo_UK said:
    Having said that 170 is nicely on the lower bollinger band and might tempt a day trade especially with RSI bottoming out and stochastics ticking up (on the 4 hour chart) 😀

    1
    December 17, 2021
  3. Romeo A Esparrago Jr said:
    Rated A for AAPL.
    I have a BA. Buy Apple.

    6
    December 17, 2021
  4. Manfred Schwencke said:
    Dear fellow FOBs,

    One off-topic question:

    Any assessments or opinions regarding a TSMC investment? We had a discussion about TSMC some months ago …

    Many thanks in advance!

    Manfred

    2
    December 17, 2021
    • Fred Stein said:
      Thanks Manfred for bringing up TSM. Leader and winner.

      They lead in process by at least 1 year to their closest rival, Samsung, and lead others by at least 2 years.

      More importantly, they’re ahead because of the founder’s vision, 10+ years ago, to invest aggressively in becoming the world’s best foundry and NOT compete with their customers.

      TSM’s customers are also winners. Apple is 25% of their revenue. Apple’s M-series has no compare and their UMA is a breakthrough. AMD and Intel are customers but AMD is taking biz from Intel. Qualcomm is winner, even though they’ll lose Apple’s 5G biz some day. NVIDIA is another winner.

      Intel and Samsung recently followed TSM’s $100B uptick in Capex.

      2
      December 17, 2021
    • Roger Schutte said:
      Manfred, TSM is a buy when it’s near 115 and a good buy when below 110. It often bounces down when the chatter about China invading Taiwan picks up. I’ve recently rotated back into it fully aware that it may not get back to 130’s for 12-18 months. The company is operating at full capacity with strong margins and has started on a massive R+D and Capex spending cycle. It’s going to take time for these to bear additional fruit but in the meantime (like Fred said) they have a 1-2 years lead on all the other fabs. They’re so far ahead that Pat G from Intel is there this week trying to save his company by having TSM build his most advanced chips.

      1
      December 17, 2021
    • Robert Paul Leitao said:
      Manfred: I’ve been in the shares since March. I’m planning to be patient on TSM. Last week management reported YOY revenue growth of 18.7% in November and revenue growth of 17.2% in the first eleven months of the year. TSM’s capex budget soared in 2021and plant utilization remains high. Among the questions right now is how soon TSM can reach volume production on the 3nm process. For me, it’s a “hold and see” investment for 2022. There’s plenty of demand and margin is attractive on high-end chips.

      0
      December 18, 2021
  5. Jerry Doyle said:
    During a period when many on WS are warning of “doom & gloom” to come and our country’s leader touting a winter of “sickness-and-death” it is refreshing this Holiday Season Friday morning to hear one bright shining star on WS ballyhoo the warrior’s cry of “we’re in the midst of the 4th industrial revolution!” That unique, innovative and experimental Watch on your wrist is part of it. The new Apple M-1 chip is a sign of it. Those AR glasses of which Tim reminds us repeatedly that AR “is-the-future,” but again we turn deaf ears to that fundamental linguistic signal from him designed to alert us. We see the future and much of it is electric. Are we to believe that Apple isn’t going to play a significant role in that enterprise endeavor? Just look at how Apple already is signaling their forward 21st century path in the running of the operations side of their business.

    The train once again is leaving another Apple sub-station-stop heading down the rails. Those wanting aboard can get on. Dan Ives is aboard. Jerry D is aboard. Thank heavens for a Daniel Ives.

    Laissez les bons temps rouler! Geaux  Geaux 

    5
    December 17, 2021
  6. Timothy Smith said:
    Joe’s problem is he grew up on the west side of Cincinnati.

    0
    December 17, 2021
  7. Rodney Avilla said:
    “Where I come from that means almost as much as a PhD.”

    Wisdom and knowledge are not the same thing. You can teach knowledge. Wisdom, for many of us, comes the hard way.

    I have heard it said that ‘wisdom’ is the ability to apply knowledge at the right time, the right place, and in the right way.

    8
    December 17, 2021
    • Jerry Doyle said:
      @Rodney Avilla: “…. Wisdom and knowledge are not the same thing. You can teach knowledge. Wisdom, for many of us, comes the hard way. I have heard it said that ‘wisdom’ is the ability to apply knowledge at the right time, the right place, and in the right way.”

      Excellent maxim brother Rodney. Unfortunately, the problem of Joe Kernan is exacerbated since his issue is one of knowledge deficit about Apple and all things Apple. Until brother Joe learns about Apple and all things Apple, then whatever wisdom he may acquire through his years will never, unfortunately, be applied.

      2
      December 17, 2021
  8. Manfred Schwencke said:
    @ Fred and Roger: many thanks! Highly appreciated!

    0
    December 17, 2021

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