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Closing Bell

Closing Bell: Pullback or Pop? 3/27/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 27 March 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

What lies ahead for stocks at large, for tech as a sector and the broadening of the market? Solus’ Dan Greenhaus, Chris Harvey from Wells Fargo and Crossmark’s Global Investments break down their strategies. Plus, star Apple analyst Erik Woodring weighs in on whether or not the company’s big event coming up could shift investor sentiment. And, Tesla shares driving higher today. We tell you what’s behind that pop and what Altimeter’s Brad Gerstner had to say about the EV maker.

Transcript

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0:00.0

All right, welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:05.0

And this make-o-break hour begins with this question.

0:07.0

Whether investors should prepare for a pullback or another pop-in stocks in the quarter ahead.

0:12.0

We will ask our experts over this final stretch.

0:14.6

In the meantime, your score card

0:16.0

with 60 minutes to go and regulation looks like that.

0:18.6

Now we've gone positive, albeit slightly in the NASDAQ,

0:21.5

we've been positive for the Dow and the S&P for much of this day.

0:25.0

Merck, Amgener putting in solid gains today from the health care space, Home Depot, Caterpillar, and Honeywell are also standouts into session.

0:32.0

As for technology declines in

0:33.4

NVIDIA, Microsoft and Meta were weighing on that sector for much of the day. You

0:37.2

see they're still red. Apple and Tesla though are higher and Apple by the

0:41.3

way the worst performing mega cap tech stock so far this year and by

0:44.8

the way all-star analyst Eric Woodring of Morgan Stanley joins us shortly with his take

0:49.6

on what could turn that stock around it does take us to our talk to the tape what lies ahead for stocks at large,

0:54.6

for tech as a sector, and for the broadening of this market. Let's ask Dan Greenhouse, he is

0:59.5

Solis Alternative Asset Management's Chief Strategist. He's here with us at Post-9. I know you're excited at alternative asset management's chief strategist.

1:02.5

He's here with us at Post 9.

1:04.0

I know you're as excited as we are about Eric Woodring coming up.

1:06.6

I'm happy to be here and to contribute to the show.

1:09.4

Okay, good stuff.

1:10.2

So what about the momentum of the rally is it waning and is that is that a negative sign or is it just a arrest refresh as we round out another good quarter we're gonna be five months in a row up for stocks and we just

...

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