Closing Bell Overtime: Why Tom Lee Remains Bullish Despite Record Highs In Tech 5/28/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 28 May 2024
⏱️ 44 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Well then now is that closing in a record high to start this shortened week driven by another |
| 0:04.1 | surge for invidia in what was otherwise a mixed day of trading? |
| 0:08.0 | That is the scorecard on Wall Street, but the action is just getting started. |
| 0:10.9 | Welcome to Closing Bell overtime. |
| 0:12.1 | I'm Wargan |
| 0:12.7 | Brennan with John Fort. Yeah coming up on today's show, |
| 0:15.4 | reads on software spending and the consumer win box and Kava report results. |
| 0:20.0 | Kava is more than doubled so far this year. It's up nearly 4X since its IPO last summer. |
| 0:26.7 | And Funstrats, Tom Lee, will join us with his updated thoughts on the market and just |
| 0:30.9 | how high he thinks stocks can still climb but we begin with the |
| 0:35.8 | market in a mixed session today as we mentioned the Nasak hitting a record |
| 0:39.1 | high the Dow pulled back the S&P finished basically flat, all as higher rates pressured stocks. |
| 0:44.9 | Joining us now, Barbara Duran of B8 Capital Partners and Adam Chrisifouli of vital knowledge. |
| 0:49.1 | It's great to kick off the hour and the week with both of you bar i'll start with you |
| 0:54.2 | the fact that |
| 0:56.7 | we saw invidia trade higher six and a half percent today |
| 1:00.1 | on |
| 1:01.1 | i realize thin trading volume in general for the market, but on more AI news, is this warranted? |
| 1:08.1 | Does it speak to AI versus everything else in the market? |
| 1:12.1 | Well, I think it does. I think you know what you also have |
| 1:14.9 | going on today is a poor auction in terms of yields so I think that's taking a |
| 1:19.4 | little bit out of the market but you've got a lot of interesting AI I think Navidia reconfirmed that this is big it is long |
... |
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.

