meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell Overtime: Why Spin Offs Are The Next Trendy Move For Industrials; Your Q2 Investor Playbook & Another Cloud IPO Filing 4/1/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 1 April 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks mostly lower to start trading in Q2. Goldman Sachs Senior Strategist Ben Snider and Envestnet co-CIO Dana D’Auria break down the market action while Interactive Brokers Chief Strategist Steve Sosnick gives his April playbook for investors. Microsoft-backed Rubrik files for an IPO. CFRA analyst Zach Warring on PVH’s weak revenue warning that sent the stock sliding. The latest winning strategy for industrials? Spin offs. Our Seema Mody on what’s behind the latest trend while Jefferies analyst Sheila Kahyaoglu on how to play the stocks. Plus, UPS wins a major contract away from FedEx and our Phil LeBeau previews Tesla delivery numbers.

Transcript

Click on a timestamp to play from that location

0:00.0

Well, it looks like a mixed picture for stocks, but the S&P starting April in the red after it closed

0:12.0

Q1 with the best quarterly returns since 2019.

0:15.0

That is the scorecard on Wall Street but the action is just getting started.

0:18.6

Welcome to Closingville overtime.

0:20.0

I'm Morgan Brennan with John Ford.

0:22.0

Yeah, and Treasury yields are jumping, putting major averages under pressure.

0:25.6

Real Estate and healthcare the worst performing sectors, while a calm services and energy

0:30.3

were the bright spot.

0:31.3

It's coming up interactive brokers chief

0:32.8

strategist Steve Sosnick lays out his investing

0:35.4

playbook for April and beyond.

0:37.8

Plus we are awaiting earnings from PVH instant analysis of those

0:41.4

results and what they say about the state of

0:43.8

consumer spending is coming up. But first let's get more on this market pause.

0:49.0

Mike Santoli joins us from here to expand on those comments that he made just moments ago about

0:57.4

being over-bought. Yeah, there's no doubt about it and I think a lot of the

1:02.2

chatter over the three days we were closed in terms

1:05.1

of the market is what does it mean that the market has been so strong for this

1:09.3

long whether it's five straight months up whether it's two straight quarters up you know double

1:13.3

dated it's whether it's up 10% to start it everything usually goes in the

1:17.5

direction of we probably could use a breather you should expect a little bit more

1:21.8

maybe downside chop before terribly long but it's almost never the absolute

...

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.