Closing Bell Overtime: Mercer CIO On Top Ideas; What To Do With Nvidia 6/21/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 21 June 2024
⏱️ 44 minutes
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| 0:00.0 | That was a little higher for the fourth straight day. |
| 0:03.6 | The S&P 500 and NASDAQ are a little lower |
| 0:06.7 | and that means a two-day losing streak. |
| 0:08.8 | That is a scorecard on Wall Street, |
| 0:10.1 | but winter stay late. |
| 0:11.0 | Welcome to closing bell overtime. |
| 0:12.2 | I'm John Fort. |
| 0:13.2 | Morgan Brennan is off today. |
| 0:15.0 | Invidia once again a big factor in tech's underperformance and is now down roughly 7% |
| 0:21.5 | in the past two days. But we will hear from one analyst who thinks this is a huge buying opportunity. |
| 0:27.0 | He just hiked his price target on the stock. |
| 0:30.0 | Plus, Mercer's US Chief Investment Officer thinks most of the market is starting to look |
| 0:34.8 | expensive, but will reveal where she does see some bargains. |
| 0:39.5 | Now let's bring in our market panel. |
| 0:41.6 | Joining us now, Eric Johnson from Kenner Fitzgerald and |
| 0:44.7 | unlimited Bob Elliot guys happy Friday Bob you think this expansion can go on for a while even if it's paused today because we don't have a |
| 0:56.4 | persistent situation where yields are up stocks are down slower spending. |
| 1:01.4 | Why does that mean this can go on? Why is disaster not like right |
| 1:04.7 | around the corner? Well I think from a real economy perspective we're seeing a |
| 1:08.6 | situation where income growth remains relatively healthy. |
| 1:14.0 | You know, you're seeing good wage growth, that's translating to good nominal spending growth, and that's |
| 1:18.8 | keeping the economy going and powering on. |
... |
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