Closing Bell: Can Apple’s Momentum Continue? 2/28/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 28 February 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investors are closely watching the road ahead for the biggest and most popular stock in the market: Apple. It’s bounced 19% off its recent low – but can the momentum continue? Morgan Stanley’s Erik Woodring gives his expert take. Plus, we debate what’s next for the banks on the back of Goldman Sachs’ investor day. And, top-ranked retail analyst Matt Boss breaks down his rundown of what every investor needs to watch ahead of this week’s flood of retail reports.

Transcript

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0:00.0	All right, Kelly, thanks so much. Welcome to Closing Bell. I'm Scott Wopner. This make or break hour begins with stocks, finishing a tough month with some critical weeks ahead for your money.
0:10.0	Here is your scorecard with 60 minutes to go in regulation.
0:13.2	Will this be the day the S&P closes back above 4,000?
0:17.2	We shall see.
0:18.2	And how about rates?
0:19.2	The tenure hasn't closed above 4% since November.
0:22.0	Yields on the move again and we are watching those very closely.
0:25.0	As we head down the final stretch,
0:27.0	we do begin though with our talk of the tape,
0:29.0	the road ahead for the biggest and most popular stock in this market,
0:32.0	that of course Apple.
0:33.8	It's bounced 19% off its recent low.
0:35.8	The question is can that momentum continue?
0:38.7	Let's ask Eric Woodring.
0:39.8	He is Morgan Stanley's Apple analyst, the executive director of the firm's equity research department,
0:45.2	rarely does TV, but as you can see he is today and we are glad to have you.
0:49.0	Welcome.
0:50.0	Thank you, Scott.
0:51.6	You know, it's been a nice move obviously off of the the recent low.
0:55.1	What is your outlook ahead for the stock in you know a new month that is on our doorstep as we
1:00.5	sit really as I said between the 52 week low and the 52 week high.
1:05.0	You know, it's an interesting period to be in Appleano, St. Scott.
	...

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