Closing Bell: Mega-Caps or Mega-Traps? 2/19/25

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 19 February 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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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	Welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.
0:03.9	This make-a-break hour begins with another new high for stocks in a resilient market that just keeps on chugging.
0:08.9	How long can it last is the question. We'll pose that to our experts in just a moment.
0:13.8	Show you the scorecard here with 60 to go in regulation. More talk of tariffs keeping the lid on the major averages a bit today. As you see, though, we're now green across the board, Dow a smidge.
0:23.6	But the others doing pretty decent.
0:25.4	6146 would be a new closing high for the S&P.
0:28.6	Some decent moves in tech as well today.
0:30.5	Invidia and Tesla leading the Mag 7s.
0:33.1	A rough session, though, for Arista Networks.
0:35.7	Take the look.
0:36.5	Shares getting clobbered today on a softer than expected outlook. Garmin shares, well, it is surging. That stock is on its earnings. Take a look. 11%. It does take us to our talk of the tape. Where is this record setting rally heading from here? Let's welcome in Dan Greenhouse of Solace Alternative Asset Management
0:55.1	and J.P. Morgan's Elise, Aesonbach. It's great to have you both with us. Elise, when you
0:59.8	look at this market, the word many come back with is resilient. Is that how you feel?
1:05.4	We have been using the word resilient. We think that 2025 is going to be a year that investors
1:10.2	have the chance to build on strength. We see more room for this market rally to run. We think that 2025 is going to be a year that investors have the chance to build on
1:11.5	strength. We see more room for this market rally to run. We're expecting another kind of high
1:16.5	single digit total return upside from here. And we're really focused on key themes and sort of
1:21.6	alpha opportunities at the sector level. Kind of continuing, Dan, to climb this wall of worry.
1:27.0	At least Bank of America
1:27.9	talks that way, that there are all these bullish technical patterns. I think the general theme
1:32.9	is bullish, but there is, in their words, a lot of nonbelievers out there. Why so?
1:39.5	I mean, there's been a lot of nonbelievers for several years now. I don't think that any
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