Closing Bell: Chasing the Market into Year End 10/24/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 24 October 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

How should you play these markets over the remainder of the year? Virtus’ Joe Terranova, Merrill and BofA Private Bank’s Marci McGregor and Capital Area Planning Group’s Malcolm Ethridge tell us how they’re navigating the next few months. Plus, Erik Woodring from Morgan Stanley sets us up for Apple’s earnings next week. And, all the details behind Southwest’s stock drop after striking a deal with an activist investor.

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.
0:03.3	This make a break hour begins with chasing the market as yet another firm bumps its
0:07.4	S&P price target now. We'll ask for our experts over this final stretch where stocks are likely to go in the months ahead.
0:13.2	In the meantime, the score card was 60 minutes to go in regulation looks like that.
0:17.8	Pretty mixed day for the majors.
0:19.3	Boeing is a drag on the Dow today.
0:21.3	Tesla is lifting the NASDAQ and the discretionary
0:24.1	space elsewhere. Service now. How about that stock? Its earnings, its guidance, they
0:28.8	beat the street. That's a nice day there near 5%. Software names getting a lift as a result of now. It does take
0:35.1	us to our talk of the tape. How to play these markets over the remainder of the year.
0:39.2	We will ask our panel that very question. Joe Terranova, Chief chief market strategist with Verus Investment Partners
0:44.4	Marcy McGregor with Maryland Bank of America Private Bank Malcolm Etheridge with the
0:48.5	capital area planning group Joe and Malcolm or NBC contributors
0:51.5	welcome all Joe T yes sir and Malcolm are C. M. B. C. contributors. Welcome all.
0:53.0	Joe T.
0:54.0	Yes, sir.
0:55.0	So I, people are looking for more volatility as the election gets closer,
1:00.0	but this is H.S.B.C. today, which bumps its target to 5900 they had it at 54 so that's
1:07.4	old news 59 is where they think we can go their book they have more visibility on earnings growth and rates they
1:15.8	suggest.
1:16.8	What do you think?
1:17.8	I think that target is probably a little bit light if we have a year-end chase for performance.
	...

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