meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell Overtime: How Retail Investors Are Trading AI Stocks; “Historic Opportunity” In Municipal Bonds 6/20/23

Closing Bell

CNBC

News, Business

4.4140 Ratings

🗓️ 20 June 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Averages closed lower today but near best levels. Vital Knowledge’s Adam Crisafulli breaks down the market action and reaction to weak FedEx earnings. Broughton Capital’s Donald Broughton on why FedEx stock is selling off in Overtime after Q4 results. PSEG CEO Ralph LaRossa talks EV charging and utilities as the Infrastructure Act money begins rolling out. eToro U.S. CEO Lule Demmissie talks what retail investors are doing with AI stocks. HilltopSecurities Tom Kozlik breaks down what he calls a historic opportunity in municipal bonds. Our Scott Cohn breaks down the top states in a slowing economy.

Transcript

Click on a timestamp to play from that location

0:00.0

There you got your scorecard on Wall Street Day, off the lows at least, the action just getting started though,

0:05.2

winners stay late. Welcome to closing about overtime. I'm John Ford with Morgan Brennan,

0:09.5

and we are just moments away from FedEx's latest earnings we will break down those

0:13.7

results as soon as they're released.

0:16.0

Plus the CEO of natural gas and electric provider P.S.E.G. discusses what the

0:21.4

fast-growing popularity of electric vehicles means for the utility

0:24.7

sector and the outlook for home charging stations.

0:27.6

And now let's get into today's market action.

0:29.7

Joining us now is Adam Chrisifoulli from Vital Knowledge.

0:33.0

Adam, welcome.

0:34.0

So things market-wise, I mean down a bit today, but seem pretty stable considering, but is all

0:40.8

of the news and data being factored in here.

0:43.0

I mean, I can't help but look at this economic news out of China

0:47.6

and notice that Apple is still near all-time highs

0:51.7

and we're gonna get FedEx in just a bit. It doesn't seem

0:55.5

necessarily to be reflected. No I think I think for the overall S&P the

1:01.4

upside is certainly more limited than it has been.

1:04.6

You know, we've gone about 400 points since last earning season.

1:07.6

I have a really difficult time envisioning to getting above about 15-50 and then near to medium

1:12.3

term.

1:12.9

I do think though you have one more kind of big positive macro-catalyze and that is going to be

1:18.0

an acceleration of this inflationary pressure in the coming weeks and months.

...

Please login to see the full transcript.

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.

Copyright © Tapesearch 2026.