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Closing Bell

Closing Bell: The Changing Makeup of the Market 3/13/24

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 13 March 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

What stocks are going to lead the next leg of the bull market? Josh Brown from Ritholtz Wealth Management, Solus’ Dan Greenhaus and Ayako Yoshioka from Wealth Enhancement Group give their predictions. Plus, PIMCO’s Erin Browne tells us how she is navigating inflation and where she is seeing big opportunity in stocks right now. And, Ed Yardeni breaks down how he is playing this rally – and the one thing that he thinks could be a big risk to the market in the months ahead.

Transcript

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0:00.0

All right, welcome to Closing Bell. I'm Scott Wabner live from Post 9 here at the New York Stock Exchange.

0:04.6

And this make-a-break hour begins with stocks at record highs and what can keep this rally going?

0:09.5

It's a big question. We'll ask our experts over this final stretch including big-time bull Ed Yarddenny coming

0:14.6

up in just a few. In the meantime, take a look at your scorecard. With 60 minutes to go in regulation,

0:19.2

the broadening market is well on display today the Russell 2000 the Dow

0:22.8

outperforming with sectors like energy industrial's materials leading the way

0:26.3

tech taking a bit of a breather again what else is new in video

0:29.5

in video lower even as another firm raises the price target there.

0:33.0

Tesla shares, they're falling again after the analyst at Wells Fargo says it's time

0:37.1

to sell that stock.

0:38.5

And finally, shares of U.S. Steel cratering midday on news President Biden will soon express his concern over its planned

0:44.9

transaction with Japan's Mipone.

0:47.6

We'll keep our eyes on US Steel as well.

0:50.9

Takes us to our talk of the tape, the changing makeup of this market and the stock likely,

0:56.0

the stock likely to lead that next leg higher if in fact one happens.

1:00.0

Let's ask Josh Brown, co-founder and CEO of Riddholz Wealth Management here with me at

1:04.4

Post Nine. Good to see you again. The moves that you've made in the market of late and

1:09.7

the commentary that you've given me lately suggests that momentum is a place that you want to

1:16.2

avoid right now and you're looking elsewhere. Well I think the way I would phrase

1:20.5

that judge is former momentum. So the tricky thing about

1:24.1

momentum is you have to measure it on a specific time frame and you have to do that

1:28.5

consistently if you're trying to define it. It's a little bit easier for me

...

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