Closing Bell: How Much Is Riding on Nvidia? 8/27/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 27 August 2024

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amidst a broadening market … how reliant are we on Nvidia and other tech heavyweights? Solus’ Dan Greenhaus, NB Private Wealth’s Shannon Saccocia and Branch Global Capital Advisors Greg Branch debate their forecasts. Plus PIMCO’s Erin Browne tells us why investors should wait to buy the dip. And, it could be a new era for the NFL as team owners vote on private equity investing. We drill down on what that could mean for the league.

Transcript

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0:00.0	All right, guys, thanks so much. Welcome to Closing Bell.
0:02.6	I'm Scott Wobner Live from Post 9, here at the New York Stock Exchange.
0:05.2	This make a break hour begins with a road ahead for stocks and how much is really hanging
0:09.1	on those in video results tomorrow.
0:10.9	It's the key question.
0:11.8	We'll ask our experts over this
0:13.4	final stretch as some argue so much good news already priced into this market.
0:17.4	In the meantime take a look at the scorecard with 60 minutes to go in regulation
0:21.1	a mixed picture for the majors today. Although we are now
0:24.2	green. Dow is trying to hang on any positive clothes there is going to be a
0:27.4	new record. Financials, consumer staples, they're leading the way today. That
0:30.8	tells you the kind of market action it has been the
0:33.2	aforementioned in video well it's higher and that is ahead of that key report tomorrow
0:38.5	up about one and two-thirds percent several other mega-caps are modestly lower today that's capping a little bit of the action all the way around.
0:45.2	It does take us to our talk to the tape amidst a broadening market.
0:48.2	How reliant are we on NVIDIA and those other tech heavyweights?
0:51.6	Let's ask Dan Greenhouse, he is chief strategist with Solis Alternative Asset Management
0:56.5	with me here at Post-9.
0:58.7	Are we as good to see you?
0:59.7	Are we as reliant on NVIDIA and these names as we once were? I mean by definition no because a lot of the other
1:06.4	markets picking up some of the slack but listen this isn't the most
1:10.2	important earnings report ever in the in loot like the last in video report most important.
	...

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