Closing Bell Overtime: Buy the Tech Breakdown 9/16/22

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 16 September 2022

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

It was a tough week for stocks – especially tech. So, is now the time to buy the dip? “Mad Money” Host Jim Cramer gives his expert market take. Plus, Fundstrat’s Tom Lee is sticking to his bullish stance – calling for a big comeback heading into the end of the year. Capital Wealth Planning’s Kevin Simpson is back … and this time he sees Fedex’s big warning as a big buying opportunity. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	All right, sir. Thank you very much.
0:02.0	T.C.U. is ringing the closing bell here today.
0:04.6	In honor of that school's 150th anniversary,
0:08.0	congratulations and great to see everybody here
0:10.1	at the New York Stock Exchange.
0:11.3	Welcome to all of you in overtime.
0:13.5	I'm Scott Wotner, you just heard those bells
0:15.4	were just getting started right here at Post 9
0:18.3	at the NYC.
0:19.2	In just a little bit, I'll talk to Funstrats, Tom Lee,
0:21.9	about how given all we know about the Fed and the economy
0:25.6	he is still bullish on stocks for later in the year. Now maybe the contrarian view is actually
0:30.4	the right one. We'll probe into that with Tom Lee. We begin though with our
0:33.7	talk of the tape that sudden surge mid-afternoon and shares of Netflix and whether it's a sign
0:38.3	that some NASDAQ stocks have come down too much to ignore. Been a rough week for tech in general.
0:44.0	Is it a buying opportunity?
0:45.0	And what are we to make of the markets today
0:48.0	and this week, as we said, a very rough week?
0:50.0	Let's ask Jim Kramer that very question.
0:52.0	He is here, of course, the host of Mad Money. Let's ask Jim Kramer that very question.
0:52.5	He is here, of course, the host of Mad Money.
0:55.2	He's got his new set, and he's gonna be over there
	...

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