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Closing Bell

Closing Bell: Following the Hedge Fund Money 5/8/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 8 May 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

All right, welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:04.0

This make-a-break hour begins with the bull market and how best to play it right now.

0:08.0

We're going to ask our experts over this final stretch, including one who says stocks are going much higher from here.

0:14.0

In the meantime, your scorecard with 60 minutes to go and regulation looks like that.

0:18.0

It's been a relatively muted day, although we have had some buying in the Dow at least which by the way is at 39,000 was just

0:26.9

there on the nose so we'll watch that over the final stretch plenty of individual names

0:32.0

making news today.

0:33.4

Uber down sharply following a surprising loss in its recent quarter.

0:37.4

Shopify smashed after earnings and especially the guidance there.

0:41.6

Reddit though, well it's been green delivering its first report as a publicly traded company,

0:46.2

hanging on to a pretty nice game. Takes us to our talk of the tape. What will continue to power stocks

0:52.0

hire? Let's ask Josh Brown.

0:53.6

He's the co-founder and CEO of Ritt Holt's wealth management

0:57.2

and a C. M. B.C. contributor, he is with me here at Post 9.

1:00.8

It's good to see you.

1:02.0

I feel like growth is's good to see you, Scott.

1:03.0

I feel like growth is the story of the day today.

1:06.0

Yeah, yeah. Mostly ones that are getting wrecked,

1:08.0

which is like Shopify and Uber.

1:11.0

What do you make of that, and that trade in general.

1:14.4

So my take is we probably are just retracing some of the enthusiasm that we came into the

1:21.9

start of the year with.

...

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