9AM Hour: Midpoint for the Markets: Bulls Rule Q2 and the 1st Half 6/30/26

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 30 June 2026

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

On the final trading day of the month, Q2 and first half of the year, Carl Quintanilla, Jim Cramer and David Faber explored what has been up to now a bullish year for stocks. The Dow coming off a close above 52,000 for the first time ever. Nasdaq and the S&P 500 poised for their best quarter in six years. Micron, Intel, Sandisk and Marvell Technology among the stocks on track to post a record-setting quarter. Hear what Cramer has to say about investing in trillion-dollar tech names in the second half. Also in focus: Mega-bearish Q2 for oil prices, Wall Street analysts weigh in on Comcast's decision to split into two companies, the Japanese yen falls to a 40-year low against the U.S. dollar. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street. Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanio with David Faber. Jim Kramer, you're back. You bet I am. Gone too long, man. You bet. Welcome back to Post 9 at the New York Stock Exchange. Bulls putting a bow on Q2 today, wrapping up the best quarter
0:21.9	since 2020. We're going to look ahead to Q3. We'll get jolts and Nike earnings tonight.
0:27.8	Oil holding 71, some conflicting views about whether there'll be any meetings today in Doha.
0:33.0	Meantime, the president warns of big problems for retailers who don't lower gas prices.
0:38.5	Our roadmap begins with a major indices set to notch their best best first half since 21, led by
0:43.8	the NASDAQ, up 11 since the beginning of the year.
0:46.2	Meanwhile, energy oil is set for what would be its deepest quarterly loss since 2020.
0:50.9	This, as U.S. envoys arrive and cut Qatar for possible talks with Iran. And the big banks,
0:57.5	they rallied in the second quarter, at least most of them did. One from the downgrading,
1:02.5	Morgan Stanley, Golden Sachs. We're underperform. Yeah, exactly.
1:06.2	But that's all right. Everybody has a right to be wrong. I checked the Constitution.
1:09.9	They're telling people that investors should redeploy those funds into alternative asset managers, which as we know have been hit very hard on continued concerns around private credit. So that group of the financials has not performed. Welcome back. You can talk now.
1:24.7	Well, no, I'm sorry about that. I just feel like you interrupt you because you're wearing two suits today, and I like that look.
1:29.6	Nobody can tell except you.
1:31.4	Well, I'm mesmerized by it. M&A. Oh, look at this. M&A rebound likely delayed or canceled.
1:37.7	Oppenheimer. Oh, no. It's March 19, 2025. Downgraded Goldman at 557, downgrader Morgan Stanley at 119.
1:47.1	The stocks would have to split in order to be able to reach that price target.
1:50.2	Yeah, we're going to talk about that call out of op beyond the banks, earnings a couple of weeks away.
1:54.8	Let's talk about the markets, though, going into the final session of the half, of the quarter of June.
2:00.4	We are on pace for our best quarter in six years.
2:03.1	Micron, Sandisk, Intel, Marvel are all on track to post record setting quarters. Same for Dell and
2:08.1	Seagate. AMD, actually, best quarter since 75. Western Didge, best since 2001. Jim, it's all,
	...

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