Closing Bell Overtime: Goldman's Tech Playbook, Port Strike Impact on Retailers 12/27/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 27 December 2024
⏱️ 42 minutes
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| 0:00.0 | That's the end of regulation. Best Friends Animal Society, ringing the closing bell at the New York Stock Exchange. |
| 0:05.1 | Click Holdings doing the honors over at the NASDAQ. Stocks falling to end this holiday week, |
| 0:09.4 | without size declines for some of the year's biggest winner. |
| 0:12.0 | Names like Tesla, Palantir, and Ambidia. That's the scorecard on Wall Street, but the action is just getting started. |
| 0:17.8 | Welcome to Closing Bell overtime. I am Frank Holland with Leslie Picker. |
| 0:21.2 | John and Morgan. They're off today. |
| 0:23.0 | Ahead this hour, Goldman's tech playbook analyst Eric Sheridan joins us with his top picks in tech as |
| 0:28.9 | the NASDAQ sees a sharp pullback to end the week. Plus, Elon Musk biographer Walter Isaacson |
| 0:34.5 | will be with us to talk about the growing rift in the Trump orbit surrounding |
| 0:38.1 | H1B visas. And former Fed economist, Sam, world creator Claudia Sam, will discuss her outlook |
| 0:45.3 | for the Fed and a wildcard factor that could throw its rate path into question. Let's begin, |
| 0:51.1 | though, with this very active market today, joining us, Scott Wren of Wells Fargo |
| 0:56.6 | Investment Institute and Brenda Vangelo of Sandhill Global Advisers and CNBC contributor. Thank you both |
| 1:01.7 | for joining us. Scott, let's start with you. We've got thin trading, but still a significant |
| 1:08.0 | sell-off to end the week today. No major catalyst, but do you think the |
| 1:12.3 | soured sentiment continues into next week for the end of the year? |
| 1:17.7 | Well, you know, to be honest with you, Leslie, we kind of wish it would because we're trying |
| 1:21.6 | to be patient here. We could take another step toward cyclical risk and just stock risk if we felt like we had a |
| 1:29.2 | halfway decent pullback, you know, 7%, 10% total, something like that, which, you know, if you |
| 1:35.0 | look at the charts right now, you know, somewhere in the 5750 range would be good support there. |
| 1:42.8 | So, you know, if you get a pullback there, I think we'd be more |
| 1:45.5 | interested here. In the meantime, we're trying to be patient. And I think anytime there's confusion |
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