Closing Bell: Another week of gains, Former Fed Vice Chair weighs in, Debating Tesla’s valuation 1/27/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 27 January 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks closed out another week of gains on a mostly positive note, despite a big drop for Intel on the back of brutal earnings and guidance. Analyst Matt Bryson and Emily Hill from Bowersock Capital discuss Intel’s pullback and the readthrough for the rest of the chips space. Aswath Damodaran, the “Dean of Valuation,” breaks down this week’s huge upside move for Tesla and the level at which he thinks the stock is fairly valued. Former Fed Vice Chairman Richard Clarida discusses new inflation data and how that informs the Fed’s thinking ahead of next week’s interest rate decision. Plus the latest on American Express, Apple, and a potential bankruptcy for a major sports network. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Big Name Earnings from Intel and American Express pulling the market in opposite directions today,
0:05.0	but the major averages have climbed throughout the session and are pacing for a solid week of gain.
0:10.1	This is the make or break hour for your money. Welcome everyone to Closing Bell.
0:13.3	I'm Sarah Eisen.
0:14.6	Take a look at where we stand.
0:15.4	We're at the highs of the day right now.
0:16.9	S&B 500 up almost three quarters of 1%.
0:19.6	The Dow, it's up half a percent,
0:21.8	about 166 points or so. Most sectors are green. What's leading,
0:25.6	consumer discretionary communication services, the REITs are higher as well.
0:30.0	What's not working in health care and energy only two sectors down the Nasdaq
0:33.0	cop up 1.3% just building on what is a strong week we're up almost 5% for the Nasdaq
0:38.9	on the week adding to the gains this year up 11.5% so far this year.
0:44.0	Check out Intel at American Express.
0:45.8	Intel's getting pummeled after that huge miss,
0:48.4	dismal guidance.
0:49.7	While American Express charging higher on an upbeat outlook,
0:52.1	we're gonna have much more on these two moves throughout the show for you.
0:55.2	Also ahead this hour, former Federal Reserve Vice Chair Richard Claritot will break down
1:00.9	today's key inflation numbers and what he expects from next week's all
1:04.2	important Fed decision. What do he expects the signal from Fed Chair Powell to be?
1:08.5	Let's start though with the market as stocks pays for another winning week.
	...

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