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Closing Bell

Closing Bell: Case for Cyclicals & Small-Caps, Election Uncertainty, Netflix Earnings 10/18/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 18 October 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

Welcome to Closing Bell, I'm Scott Wobner live from Post 9 here at the New York Stock Exchange on this Friday.

0:04.3

This make-a-breakout begins with the hunt for 5900 stocks are streaking six weeks in a row now.

0:09.8

We'll ask our experts over this final stretch.

0:11.7

How high they can go is more earnings and of course

0:13.7

the election loom large.

0:16.0

In the meantime, the scorecard with 60 minutes to go in regulation.

0:19.8

I said we're streaking towards 5,900 on the S&P. We might not get there today but nonetheless

0:24.6

been a pretty good session today. We're up about one half of 1%. Tech and Com services

0:28.9

leaving the NASDAQ to the top of the heap today in terms of the major averages as we just showed

0:33.5

you Netflix a big winner too after its earnings report that stock surging all

0:38.1

day it's at the highs of the session as we begin the final hour up 11% a good day

0:42.1

for the mega caps to

0:43.1

Apple and NVIDIA both posting nice games today small caps they've let the week

0:48.5

but the Russell well it's giving a little bit back today albeit just a little it does take us to our talk to the tape, the remarkable run for

0:56.8

stocks. Let's welcome our panel, Adam Parker, Trivariats founder and CEO, also a

1:02.2

C NBC contributor, Ellen Zetner is with

1:04.6

Morgan Stanley Wealth Management both as you see are here at post nine welcome

1:08.8

back great to be here everybody here I think the thing that stuck out to me

1:13.0

L about your notes today is you suggest the stock market is

1:17.2

extraordinarily overbought. Yeah well I think when you think about

1:21.4

where earnings expectations are, let's say we end

1:25.8

of the year at 240 and the market's looking for 280 at the end of next year, I mean, is that

...

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