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Closing Bell

Closing Bell: Nvidia’s Moment of Truth 11/21/23

Closing Bell

CNBC

Business, News

4.4141 Ratings

🗓️ 21 November 2023

⏱️ 46 minutes

🧾️ Download transcript

Summary

What’s at stake when Nvidia reports in Overtime? All-star panel of Stacy Rasgon, Jason Snipe and Joe Terranova break down what they’re expecting. Plus, Schwab’s Liz Ann Sonders explains what she is expecting from stocks in the new year. And, Capital Wealth Planning’s Kevin Simpson is shaking up his portfolio. He reveals his latest moves.

Transcript

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0:00.0

All right, welcome to closing bell.

0:01.9

I'm Scott Wabner live from Post-9 here at the New York Stock Exchange.

0:04.6

This make-a-break hour begins with the earnings report on everyone's buying today.

0:08.7

NVIDIA is set to report in O-T, so much at stake.

0:12.1

No stock in the S&P's done better this year.

0:14.4

Shares up 240 percent, that's all. Oh, it's only up more than 20 percent this month alone

0:19.9

and it is trading right around an all-time high as well.

0:22.8

We're going to race you right up to the numbers with key shareholders and top analyst

0:26.1

Stacey Raskin.

0:27.1

We'll do that in just a moment.

0:28.3

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

0:32.2

been in the red all day long

0:34.2

and that's following five straight days of gain so you'll forgive the market if it

0:37.5

takes a little bit of a breather tech down as well Microsoft giving back

0:41.0

some of its recent gains yep the drama with open AI still unfolding there.

0:45.7

As for yields, they are falling.

0:47.7

Take a look at the 10-year note yield 441.

0:50.2

If there's a standout today, it's from Retails Burlington,

0:53.0

that company raising the lower end of its guidance,

0:55.0

and that's good enough to send shares surging by better than 20%.

0:59.0

Takes us to our talk of the tape,

1:01.0

the last of the mega caps to report, and just maybe the most important one

...

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