meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell: How to Invest in the Second Half 6/28/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 28 June 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

NewEdge’s Cameron Dawson, Invesco’s Kristina Hooper and CIC Wealth’s Malcolm Ethridge break down their second half playbooks. Plus, top strategist King Lip tells us where he is seeing opportunity in the tech space – and the one big tech name he is trimming right now. And, solar stocks sold off in today’s session. Pippa Stevens tells us what is behind that leg lower.

Transcript

Click on a timestamp to play from that location

0:00.0

All right, Kelly, thanks so much.

0:02.0

Welcome to Closing Bell.

0:02.8

I'm Scott Wobner live at Post-9

0:04.2

here at the New York Stock Exchange.

0:05.6

This make-a-break hour begins with a great first half

0:08.2

for your money and the big question now.

0:10.0

What comes next?

0:11.3

We will ask our experts over this final stretch.

0:13.1

In the meantime, take a look at the scorecard

0:15.0

with 60 minutes to go in regulation.

0:17.0

The Fed's favorite inflation read with tame.

0:19.4

No big lift though for stocks on the other side of that.

0:22.4

I mean, the S&P and NASDAQ did hit new highs

0:24.8

earlier as technology once again led the way but we are now read across the board and maybe

0:30.8

it is due to yields which are actually up on the day and that's something we'll keep an eye on over this final hour elsewhere a brutal day for shares of Nike one of the worst ever following the company's lackluster guidance look at. Down more than 20% at this moment. It does take

0:46.0

us to our talk of the tape. How to invest in the second half? Well, let's ask Cameron Dawson.

0:50.8

Chief Investment Officer for New Edge Wealth with me here at Post 9.

0:54.8

Welcome back. Good to see you.

0:56.4

So what's up with today's action, right? The PCE came in in line, no surprises whatsoever.

1:03.4

Yields are elevated, and after hitting these new highs for the S&P and the NASDAQ,

1:07.6

we kind of rolled a little bit.

1:09.0

Yeah, we are extended and over-bought, and maybe that is a little bit of what's going on which is that the PC was good it was right in line

...

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.