Closing Bell Overtime: Mark Cuban On Health Care Costs, AI & Tech Stocks; Stocks Tumble Into Close 3/4/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 4 March 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks fell into the close, ending at session lows. Janus Henderson’s Marc Pinto and UBS’ Jason Draho break down the market action ahead. After attending a White House roundtable on health care costs, Mark Cuban joins to talk his company Cost-Plus Drugs, regulating AI, if tech stocks are in a bubble and more. Wedbush analyst Matt Bryson breaks down SuperMicro’s move higher and what could be next for investors. Cyberark CEO Matt Cohen on the move in cyber stocks. JPMorgan analyst Chris Hovers previews the week ahead in retail earnings.

Transcript

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0:00.0	Stocks taking a little bit of a breather following last week's big rally.
0:09.6	We touch new highs in the S&P but backed off.
0:11.9	Small caps in the Russell are a little green at the close.
0:15.1	Well, that's the scorecard on Wall Street,
0:16.6	but when you stay late, welcome to closing bell overtime.
0:18.9	I'm John Fort with Morgan Brennan.
0:20.7	Well, communication services, consumer discretionary and energy all. and billionaire investor Mark Cuban on whether he thinks the market is in a bubble as well
0:35.8	as his take on the huge rally in AI stocks and cryptocuracies oh and health care we talk
0:40.2	about health care okay looking forward to that. Speaking of AI stocks,
0:43.8	super micro, it's flying again, nearly quadrupling this year alone up above a
0:50.0	thousand a share again. We're gonna get analyst reaction to that company getting set to join
0:54.4	the S&P 500 but let's begin with who's joining us in our market panel
0:58.8	Mark Pinto of Janice Henderson investors and UBS Global Wealth
1:02.9	Managements.
1:03.7	Jason Drawho guys, welcome.
1:05.9	Mark, so we touched a new high for the Ech&P.
1:09.5	We're right around those record levels.
1:11.5	Big tech names got us here, but you say to look elsewhere
1:16.5	from here and health care is one of those spots to look.
1:20.0	So what filters are you using to pick those health care stocks?
1:25.0	Yeah, so we think there are a lot of exciting things going on in health care right now.
1:30.3	In particular, this is a golden age in terms of drug discovery and
	...

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