meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell: Countdown to Apple Earnings 5/2/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 2 May 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Apple was once the biggest and most important stock in this market. But that was then … and this is now. And “now” tells a very different story with shares the worst performing in the group this year. Will tonight get the stock back on track? CIC Wealth’s Malcolm Ethridge, Virtus’ Joe Terranova and Bryn Talkington of Requisite Capital break down what they’re expecting. Plus, John Spallanzani from Miller Family Office tells us where he is putting his money to work right now. And, Evercore ISI’s Roger Altman maps out his forecast for the Fed and the economy at large.

Transcript

Click on a timestamp to play from that location

0:00.0

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

0:03.8

This make a break hour begins with all eyes on Apple.

0:06.8

That company ready to report earnings in overtime tonight and our experts are on the case with what to watch for when this stock might exit its slump.

0:15.2

That is the big question. In the meantime, your scorecard with 60 minutes to go in regulation looks like that.

0:21.8

We are green across the board. Stocks making a

0:24.2

little bit of a post-Pow bump and it's getting even better as we enter this

0:28.0

final stretch. The Fed share wasn't as hawkish as some had feared. Market

0:32.2

clearly likes that. Interest rates, well they're moving

0:34.6

lower and that's helping the overall environment as well. Good day for small caps, no big

0:39.2

surprise. Yields are down as we said. Tech up to all the big names in the space, getting a nice lift.

0:44.9

And speaking of the mega cap names, it does take us to our talk of the tape.

0:48.3

You know where this is going, assessing Apple.

0:50.6

Once the biggest and most important stock in this market, that was then, this is now.

0:55.0

Now tells a very different story, doesn't it?

0:58.0

Shares the worst performing in the group this year, so will tonight get the stock back on track.

1:03.0

Let's ask our panel, Malcolm Etheridge of CIC Wealth,

1:06.0

Brin talking to requisite capital management,

1:08.5

and Joe Terranova Avertis Investment Partners,

1:11.1

Bryn and Joe, CMBC see contributors, good to see everybody here.

1:15.0

Brin, you get the ball first.

1:18.0

What do you think about tonight?

1:20.0

I'll take the ball and run with it.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.