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Closing Bell

Closing Bell: The Emboldened Bulls 6/18/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 18 June 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

What is the road ahead for stocks as price targets keep increasing and the bulls get more emboldened? Keith Meister of Corvex Management breaks down his outlook and how he is playing the market right now. Plus, Nvidia surpassed Microsoft’s market cap to become the most valuable U.S. company. Treasury Partners’ Rich Saperstein tells us how he is navigating the AI arms race. And, KB Home reporting results in Overtime today. We tell you what to watch from that report – after Lennar shares sank post-earnings.

Transcript

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0:00.0

All right, guys, thanks so much.

0:02.1

Welcome to Closing Bell.

0:03.1

I'm Scott Wobner live from Post Nine

0:04.6

here at the New York Stock Exchange.

0:06.1

This make-a-break hour begins with the rally

0:07.8

and why Wall Street getting more bullish on stocks.

0:10.9

The big question should you do the same? We will ask that question to

0:14.3

super investor Keith Meister. He will be here momentarily to talk the markets. In the

0:18.4

meantime your scorecard was 60 minutes to go in regulation looks like this. A disappointing retail number today

0:24.1

sending yields lower also capping some of the activity in the major averages as you

0:28.6

see there's the move in yields but you saw we're not doing too much.

0:31.5

Sector is pretty split as well.

0:33.7

Tech is leading yet again.

0:35.4

That's thanks to Gaines in Inviti,

0:36.8

which by the way passes Microsoft today

0:39.2

to become the most valuable company in the market.

0:42.0

What a stunning run. You see the chart. Lower left, upper right.

0:45.6

Pretty much tells the story. Goldman Sachs too, having a pretty good day.

0:48.7

That's from the banking sector, of course, it does take us to our talk of the tape.

0:52.1

The road ahead for stocks

0:53.6

as price targets keep increasing in the bulls well they seem to be getting more

0:57.2

emboldened. Let's welcome in Keith Meister he is the founder and chief investment

...

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