Closing Bell: The Everything Rally 5/20/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 20 May 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Could there be more gains on the way? PIMCO’s Erin Browne, Payne Capital’s Courtney Garcia and CNBC’s Senior Markets Commentator Mike Santoli break down where they’re expecting stocks to go from here. Plus, top bank analyst Mike Mayo is flagging one stock that he thinks is the “Nvidia of banking.” He reveals that name. And, star analyst Dan Ives breaks down Microsoft’s big announcements today and what he is watching from Palo Alto earnings in Overtime.

Transcript

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0:00.0	All right, guys, thanks so much.
0:02.0	Welcome to Closing Bell.
0:03.0	I'm Scott Wabner, live from Post 9 here at the New York Stock Exchange.
0:06.0	This make-o-break hour begins with this record run for your money and whether the so-called everything
0:10.1	rally can keep going. We'll ask our experts over this final stretch including
0:14.1	Pimco Zeram Brown. She'll join us at post-9 in just a second. In the meantime
0:18.9	take a look at the scorecard with 60 minutes to go in regulation today.
0:22.1	Nasdak is leading today.
0:24.0	Invidia getting back to $950 a share a couple of days ahead of its earnings.
0:29.0	Apple not far away from a new high either,
0:32.0	as its comeback continues elsewhere today
0:34.5	well financials are in focus a new high earlier today for shares of j.
0:39.8	morgen they have turned lower by about 4% company holding its investor day today.
0:45.0	CEO Jamie Diamond said, maybe no buybacks at these levels and maybe the stock didn't like
0:50.0	that.
0:51.0	He also said he was, quote, cautiously pessimistic about the state of the world right now
0:55.3	we'll discuss coming up.
0:57.1	It takes us to our talk of the tape all that continues to rally and if it's a sign that even
1:01.0	more gains are on the way.
1:02.6	Let's welcome in Pimko's Aaron Brown.
1:04.3	He's here at Post Nine.
1:05.0	As we said, it's nice to see you on the East Coast.
	...

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