Latest / Best of Business / Mark Lister: Craigs Investment Partners spokesperson on the expected results from US tech titans

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Mark Lister: Craigs Investment Partners spokesperson on the expected results from US tech titans · Best of Business

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  Speaker 1: You're listening to a podcast from News Talk ZEDB. Follow
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  Speaker 2: It's time for a look at the markets. It's been
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  Speaker 2: a huge week for US tech companies Meta, Microsoft, Apple, Amazon,
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  Speaker 2: and Tesler all reporting this week. Mark listener is from
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  Speaker 2: Craig Investment Partners and he's with me right now. Hello
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  Speaker 2: Mark today.
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  Speaker 3: How are you going, Andrew?
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  Speaker 2: I'm good. What are you expecting from these particular companies results?
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  Speaker 3: Well, I expect them to look solid. We won't hear
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  Speaker 3: from quite all of those ones you mentioned this week. Meta, Microsoft,
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  Speaker 3: and Tesla will report on Wednesday, so we will hear
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  Speaker 3: from them on Thursday morning New Zealand time, and then
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  Speaker 3: Apple will follow the next day, so Thursday and the
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  Speaker 3: US Friday and New Zealand. I think Amazon might be
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  Speaker 3: a week after that. In Nvidia, which is obviously the
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  Speaker 3: highest profile of all of them, will be next week
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  Speaker 3: as well. But still you've got four of the magnificent
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  Speaker 3: seven reports this week, and they represent those four collectively
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  Speaker 3: about eighteen percent of the S and P five hundred
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  Speaker 3: by size, So where they go, the US share market goes.
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  Speaker 3: They've obviously been performing exceptionally well over the last few years,
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  Speaker 3: and if the reporting season so far is anything to
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  Speaker 3: go by and the performance of these companies in recent quarters,
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  Speaker 3: I think you'll see some solid numbers and it should
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  Speaker 3: look very impressive.
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  Speaker 2: So Mediteza and Amazon, their bosses have been courting favor
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  Speaker 2: that the original question was publicly sacking up to but
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  Speaker 2: I thought that was a bit vulgar personally, so I've
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  Speaker 2: decided their bosses have been courting favor with Donald Trump.
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  Speaker 2: Would you expect their businesses to get a significant boost
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  Speaker 2: from his presidency?
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  Speaker 3: Well, look hard to know. I don't think there's anything
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  Speaker 3: too specific in the policy settings that we're expecting from
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  Speaker 3: Trump to impact them dramatically. To be honest, these businesses
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  Speaker 3: are all in pretty good shape already, and they are
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  Speaker 3: marching to the beat of their own drum, and they
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  Speaker 3: are all in fundamentally good shape. So maybe it's just
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  Speaker 3: a wise or a student move on their part to
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  Speaker 3: make sure they're in the good books with the current
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  Speaker 3: regime as a bit of an insurance policy. But I
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  Speaker 3: don't think there's anything completely obvious that we'll see out
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  Speaker 3: of the Trump potential policy playbook that will will dramatically
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  Speaker 3: change the landscape. It's more about the US economy, and
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  Speaker 3: it's about the growth in AI and what's happening in
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  Speaker 3: these individual businesses. But they're all exceptionally good companies that
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  Speaker 3: have been performing very very well.
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  Speaker 2: Well. I'll give you an example of the Trump playbook
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  Speaker 2: in just a few moments time. We're calling it the
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  Speaker 2: biggest flip flop in history, but I'll have details for
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  Speaker 2: that right after you. One final question. The Fair Reserve
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  Speaker 2: have their next interest rate decision on Thursday morning, our time,
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  Speaker 2: and what are you expecting.
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  Speaker 3: I think they will pause, so I think they will
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  Speaker 3: do nothing with interest rates, which is kind of interesting
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  Speaker 3: because they know you go back to the middle of
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  Speaker 3: last year and their ocr the equivalent was at five
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  Speaker 3: and a half per cent, same as us. We've obviously
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  Speaker 3: been coming as have they. We've ended up at four
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  Speaker 3: and a quarter and we will be in the threes
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  Speaker 3: but within a month's time, because we'll cut another fifty
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  Speaker 3: in February. But they're down at four and a half,
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  Speaker 3: and I think they'll stop here and just hold the
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  Speaker 3: line for a little while. You know, you will see
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  Speaker 3: a couple more cuts over the course of this year,
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  Speaker 3: but they're going to go a lot slower. So you've
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  Speaker 3: got that unusual situation where the US ocr is higher
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  Speaker 3: than that of New Zealand, and that's unusual. You don't
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  Speaker 3: see it very often, and I think that's why the
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  Speaker 3: currency is obviously in the doldrums.
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  Speaker 2: Absolutely I get that because you can put your money
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  Speaker 2: in a place that can get more introspect. Hey, Mark,
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  Speaker 2: listen from Craig Investments Partners. I thank you so much
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  Speaker 2: for your time today.
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