Closing Bell Overtime: Cathie Wood On Stocks’ Record Run, Tech Picks; Earnings Parade Starts With Netflix 1/23/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 23 January 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ark Invest’s Cathie Wood talks her underperformance to start the year and names she still likes despite record highs. Netflix is the first big tech company to report; Evercore’s Mark Mahaney and Third Bridge’s Jamie Lumley break down the numbers and the investor reaction. Susquehanna Senior Equity Analyst Chris Rolland on Texas Instruments’ latest earnings. Vital Knowledge’s Adam Crisfulli on positioning as stocks continue to charge higher.

Transcript

Click on a timestamp to play from that location

0:00.0	Record closing highs for the S&P in the NASDAQ 100, the Dow though
0:05.0	finishing under pressure today that's a scorecard on Wall Street. The action is
0:08.1	just getting started as the S&P does close at a new record. Welcome to closing bell Bell overtime, I'm Morgan Brennan with John Ford.
0:15.0	And Consumer Stables and Communication Services making up to real estate and consumer discretionary
0:20.0	weakness here.
0:21.0	These are driving the benchmark index into record territory for a
0:25.9	third straight day and now investors turning their attention to earnings that's
0:30.6	from Netflix and Texas Instruments.
0:33.2	We're going to break down those results
0:34.4	as soon as they cross.
0:36.2	Plus, Aark Invest, CEO, and CIO, Kathy Wood,
0:40.1	on her market outlook, her expectations
0:42.1	for Tesla's earnings, which are tomorrow,
0:44.8	Bitcoin, so much more.
0:47.0	Guess what?
0:47.4	We already have Netflix results.
0:49.0	We're going to go to Julia Borsen now for those.
0:50.9	Julia.
0:51.9	Yes, we have a beat in terms of revenue.
0:54.6	The company reporting 800, sorry,
0:56.9	the company reporting 8.83 billion in revenue
0:59.4	ahead of the 8.71 billion in revenue.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.