Closing Bell: Can the Bulls Keep Charging Ahead? 7/3/23

Closing Bell

CNBC

Business, News

4.4 • 139 Ratings

🗓️ 3 July 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Fundstrat’s Tom Lee raising his S&P price target in his second half outlook. He explains why… and debates that call with long-time bear Greg Branch of Veritas Financial. Plus, King Lip – chief strategist at Baker Avenue Wealth – breaks down his second half playbook for the tech sector. And, Courtney Garcia of Payne Capital weighs in on the opportunities she is sees as we head into the back half of the year.

Transcript

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0:00.0	Welcome to Closing Bell on as Courtney said this holiday short and trading day.
0:03.4	I'm Scott Wopner here at post nine New York Stock Exchange.
0:06.2	This make a break hour begins with the question of the moment.
0:09.8	Can stock keep up their momentum and extend the rally into the second half.
0:14.0	Bunstrats, Tom Lee, he thinks so.
0:16.5	In fact, he just raised his S&P target and will be here in just a second to tell you
0:20.8	exactly why.
0:21.6	In the meantime, your scorecard with 60 minutes to go on this
0:24.7	4th of July Eve. The S&P trying to extend its 16% gain over the first six months.
0:30.3	It's moved into positive territory, albeit fractionally.
0:33.6	Tesla, one of the big and best performers today after those record delivery numbers over the weekend.
0:38.3	Those shares now the highest they've been since all the way back last September.
0:42.8	Nasdaq's best start in 40 years,
0:44.8	bolstered by Apple, down slightly today,
0:46.8	still holding, though, above that $3 trillion.
0:50.0	Three trillion in market cap,
0:51.4	takes us to our talk of the tape can the bulls keep
0:53.4	charging ahead c. n be see contributor tom lee is fun strats co-founder and head of
0:58.0	research he is with me as you can see right here post nine welcome it's good to see
1:01.9	again great to see you, Scott.
1:02.8	So how timely?
1:03.8	You just raised your S&P target to 4825.
	...

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