Closing Bell Overtime: Buying Opportunity 5/13/22
Closing Bell
CNBC
4.4 • 140 Ratings
🗓️ 13 May 2022
⏱️ 44 minutes
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| 0:00.0 | Welcome everybody. I'm Scott Walker you just heard the bells we're just getting |
| 0:02.8 | started here at post nine in just a few minutes I'll be joined by someone who says |
| 0:06.1 | the S&P 500 will hit new all-time highs next year. You heard me say that right? |
| 0:11.2 | New all-time highs next year despite this sell-off and the bear market |
| 0:16.4 | We begin though with our talk of the tape whether the hardest hit area of the market |
| 0:20.1 | Technology has fallen so far that it now presents a |
| 0:23.4 | generational buying opportunity. |
| 0:25.4 | Not my words, they're the words of Dan Ives. |
| 0:27.8 | Let's welcome the Wedbush analyst at Post 9 |
| 0:30.3 | to make his case. You really think this is a generational buying opportunity? |
| 0:34.0 | Well I think for the right stocks but because our our view point covering TAC since |
| 0:38.8 | late 99 in these downturns you got separate the froth from what we believe are the names |
| 0:44.6 | that are going to be able to navigate and valuations that we believe are way |
| 0:47.8 | oversold. So I look at software, cyber security, I look at names like |
| 0:51.7 | Microsoft, you look at names like Amazon, |
| 0:53.7 | Apple, among others. That's why to us we're not just going to sit here and say you |
| 0:58.3 | paint them all with the same brush. It's a buy for K tape. Let's talk about the |
| 1:02.0 | mega caps specifically. |
| 1:04.4 | Because who's to say that these stocks deserve to be where they were before this recent |
| 1:11.6 | sell-off. |
| 1:12.6 | I take a look and I raised this issue and I asked our team to put these numbers together |
| 1:16.0 | because I wanted to raise this with you. |
... |
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