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Closing Bell

Closing Bell: Debating Growth vs. Value in 2024 11/30/23

Closing Bell

CNBC

News, Business

4.4141 Ratings

🗓️ 30 November 2023

⏱️ 50 minutes

🧾️ Download transcript

Summary

What area of the market will work better in the new year? Two famed investors gave their own differing views – one says growth and the other says value. Virtus’ Joe Terranova and Requisite Capital’s Bryn Talkington break down their outlooks. Plus, Tesla held its Cybertruck event this afternoon. We drill down on the biggest highlights. And, Gabriela Santos from JP Morgan Asset Management is revealing her 2024 forecast and how she’s playing the market in the new year.

Transcript

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0:00.0

Kelly, thanks. Welcome to the closing bell. I'm Scott Wopner live from

0:03.2

Post 9 here at the New York Stock Exchange and we are moments away right

0:06.4

now from the delivery of Tesla's very first cyber truck an event we are going to

0:11.6

show you live when that happens.

0:13.9

In the meantime, this make-a-break hour begins with the final day of a great month for stocks and

0:18.5

questions now about the rally's staying power.

0:21.3

We'll ask our experts over this final stretch. Your scorecard

0:24.2

with 60 minutes to go and regulation Dow is getting a nice lift here up nearly

0:27.4

400 points. A lot of it, Salesforce, UNH as well, but Salesforce was big after its earnings there.

0:34.0

You take a look, otherwise it's been tough to get much going, although we'll see what we do here

0:39.0

over the last hour.

0:41.0

Well, that's despite what some are calling more Goldilocks economic data today,

0:44.1

jobless claims ticking higher, the Fed's favorite inflation measure, the PCE in line

0:49.2

with expectations, the Chicago PMI blowing past expectations.

0:53.8

So that's what you had to work with today.

0:55.8

Yields, well they're moving a little bit higher.

0:57.6

Still, 435, though, on the 10 year.

1:01.0

Takes us to our talk of the tape tape what area of the market will work better

1:04.9

in the new year after two famed investors give their own differing views. One says

1:10.0

growth the other says value so we tee that up with vertices Joe Terra Nova. He is

1:14.8

also a cnb c contributor and he's with us at post nine. I wanted to set up this

1:20.1

debate because we all know what happened this year where growth

...

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