meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell: Major Move Higher Coming for Tech? 10/30/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 30 October 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Is the tech trade about to make another major move higher in the weeks ahead? Trivariate’s Adam Parker, Sofi’s Liz Young Thomas and Invesco’s Brian Levitt debate where they stand. Plus, Alger’s Dan Chung – a Microsoft and Meta shareholder – tells us what he is expecting from those names when they report after the bell. And, we run through what to watch from Robinhood and Starbucks earnings.

Transcript

Click on a timestamp to play from that location

0:00.0

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

0:04.0

This make-a-break hour begins with the countdown to Meta and Microsoft, their earnings just about an hour away.

0:09.0

We'll ask our experts what we should expect from both stocks moving forward both are in the

0:14.0

green little bit as we approach those numbers in the meantime the scorecard was

0:18.2

60 minutes to go in regulation looks like that a bit of an interesting price action mix today

0:24.0

especially as we begin the final stretch you did have some better than expected

0:28.4

economic data you did have that better than expected report from Alphabet and what was a higher Nasdak and anything

0:36.4

today higher by the way on the Nasdak is going to be a new record high.

0:41.8

So we're going to watch that, but NASDAQ and the S&P are now in the

0:46.5

red elsewhere. Super micro plunging today after losing its auditor. We're watching that

0:50.9

stock closely. Look at that. 33% down Shake Shack though having a big day

0:55.9

Following its big earnings and that stock is acting accordingly to those numbers. It's up 9%

1:02.1

It takes us to our talk of the tape whether the

1:04.4

tech trade is about to make another major move higher in the weeks ahead.

1:08.0

Let's ask our panel Adam Parker Trivariate Research, Liz Young Thomas,

1:13.2

Sophie and Brian Levitt of Invesco,

1:15.5

Adams is C and Bicke contributor.

1:17.3

It's good to have everybody here.

1:19.4

Liz, let me ask you first.

1:21.0

The price action today I find rather interesting you know a lot of the

1:25.4

mega caps are up though I just see now well med has gone negative

1:29.4

invidia is negative apple is negative what should we glean from that if anything?

...

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.