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Final Trading Day of February, Target Beats, Meta Revs Up For AI Race 2/28/23

Final Trading Day of February, Target Beats, Meta Revs Up For AI Race 2/28/23

FromSquawk on the Street


Final Trading Day of February, Target Beats, Meta Revs Up For AI Race 2/28/23

FromSquawk on the Street

ratings:
Length:
42 minutes
Released:
Feb 28, 2023
Format:
Podcast episode

Description

On the last trading day of February, Carl Quintanilla, Jim Cramer and David Faber explored what's ahead for stocks,  with the major indices on track for their second negative month in three. Cramer highlighted "market distortions"  worthy of your attention. The anchors also discussed Target's quarterly beat, cautious guidance and CEO BrianCornell's comments to CNBC about "stubborn" inflation. On the AI front: BofA is out with its list of top AI picks --and Mark Zuckerberg announced Meta is forming a new product group focusing on generative AI.Goldman Sachs CEO David Solomon told CNBC that anyone who runs a business should prepare for a "bumpy 12 to 24 months."Also in focus: Earnings winners and losers including Zoom, Workday and Norwegian Cruise. 
Released:
Feb 28, 2023
Format:
Podcast episode

Titles in the series (100)

The opening hour of CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.