meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell Overtime: StockX CEO On Birkenstock’s Weak Debut; How Nvidia Could Add Another 50% Stock Upside In Next 12 Months 10/11/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 11 October 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks pushed higher into the close, finishing near best levels to notch a fourth straight positive session for the major averages. Wells Fargo’s Scott Wren breaks down the market action heading into earnings season. Cowen analyst Matthew Ramsay on his new note calling for 50% upside in Nvidia. Former Dallas Fed President Richard Fisher on what investors need to know from today’s Fed minutes release. StockX CEO on Birkenstock’s weak IPO and the state of the consumer. Strategas’ Dan Clifton on the latest moves in the race for the Speaker. Plus, Sunnova CEO John Berger on how elevated rates are hitting the solar industry.

Transcript

Click on a timestamp to play from that location

0:00.0

Yeah, Green, how about that? That's the score caught on Wall Street, but

0:03.6

winter's stay late. Welcome to Closing Bell. Over time, I am John Fort back with

0:07.4

Morgan Brennan and ahead on the show, the Bullcase, still for NVIDIA,

0:12.1

artificial intelligence stocks getting a boost this

0:14.6

week and Cowan's analyst just put a price target on invidia that applies another

0:19.4

50% upside he's gonna join us to make that case.

0:23.6

Plus we'll talk to the CEO of online marketplace Stock X about Birkenstocks,

0:28.8

we'll call it flat-footed debut and the brands rise in popularity on the site. Those shares end of the day

0:34.4

down 12.5% from their IPO price. And former Dallas Fed President Richard

0:39.2

Fisher will join us to talk about today's Fed minutes and what he's watching ahead of tomorrow's key inflation

0:44.5

print.

0:45.5

Let's start out with the market though, and a busy day on Wall Street with an IPO, a mega energy deal,

0:49.8

and key inflation reading, the Hot Producer Price Index taking some steam out of the rally early

0:54.7

but the major averages gaining traction late in the day as yields did in fact retreat again.

1:00.0

Let's bring in CNBC's senior markets commentator Mike Santoli.

1:04.3

Mike everything but the Russell 2000

1:06.2

finished the day out in the green

1:08.6

but it really again was big cap tech that kind of led the charge here today.

1:14.0

What does this tell us about this market and where we are with the

1:18.0

S&P closing at 4376?

1:20.0

Yeah, Morgan, the market's definitely making pretty good use of the setup we had coming into the last several days, which was very over so conditions, seasonal factors turning better, bond yields coming in enough to give comfort for people to do a little bit of buying

1:34.8

that dip and bargain hunting.

...

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.