Closing Bell Closing Bell Overtime: Getting Set For Big Tech; More Metals Mania 1/23/26
8 snips
Jan 23, 2026 
Katie Stockton, technical market analyst who maps S&P momentum, and Dan Niles, portfolio manager focused on big tech and AI, discuss looming mega-cap reports and market positioning. They dive into Microsoft, Apple, Meta and Tesla outlooks. Commodities chatter includes dramatic moves in gold, silver and natural gas. Short, punchy takes on sector rotation, tech momentum and what to watch next.
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Look Past Quarterly Noise For Apple's 2026 Catalyst
- Watch Apple beyond the quarter for an AI-enabled foldable iPhone that could trigger an upgrade cycle.
- Expect services to offset some margin pressure from higher memory costs, so focus on full-year catalysts.
Microsoft: Multiple Plays, But OpenAI Risk Looms
- Microsoft benefits from multiple revenue streams including a stake in OpenAI and Azure exposure.
- Investors must weigh strong near-term numbers against risks from OpenAI's mounting losses and memory-cost pressure.
Assess Metals Rally For Momentum And Supply Constraints
- Recognize metals are rallying from broad-based, fear-driven demand plus retail momentum and ETF inflows.
- Be cautious: supply is slow to respond and momentum can amplify price moves in silver and gold.