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Closing Bell

Closing Bell: The Fate of the Interrupted Rally 01/08/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 8 January 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

What does the road ahead for your money look like with earnings season about to get underway? AJ Oden from JP Morgan Private Bank and NewEdge’s Cameron Dawson lay out their forecasts. Plus, Nvidia shares popped on some big announcements at CES. Star chip analyst Stacy Rasgon breaks down how he sees this impacting the stock in the year ahead. And, Capital Wealth Planning’s Kevin Simpson breaks down his latest trades.

Transcript

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0:00.0

Welcome to Closing Bell. I'm Scott Wopner live from Post 9 here at the New York Stock Exchange.

0:03.5

This make a break hour begins with the bounce and whether the major averages can resume their

0:08.1

rally during this critical week. We will ask our experts over this final stretch.

0:12.8

In the meantime, there is your score card with 60 minutes to go in regulation.

0:17.0

Pretty nice move today in the mega caps and that is helping the NASDAQ outperform today.

0:21.0

Invidia is leading there.

0:22.8

It makes a new AI-related announcement.

0:24.8

So what does that mean?

0:26.1

Well, a more than 5% gain for that stock.

0:29.0

And coming up, we're going to ask Top Chip Checker, Stacy Raskin,

0:31.8

what it means for shares going forward.

0:33.7

Apple well it's jumping to after a 6% slide to start the year elsewhere.

0:38.3

Boeing is the big drag this hour after that incident over the weekend grounding at 737 max jets.

0:45.0

Stock trying to recover a little bit still down six and a half percent.

0:48.6

Speaking of interest rates, well there's the 10 year right at 4%. They're declining today following a positive report on inflation

0:56.7

expectations and ahead of this week's CPI report. Takes us to our talk of the tape. What the

1:02.4

road ahead for your money might look like with

1:04.4

earning season about to get underway and so much more ahead as well. Let's ask AJ Ode and

1:09.1

JP Morgan Private Bank Global Investment Strategists with me here at Post 9.

1:13.0

It's good to see you. Welcome back.

1:14.0

It's a new two, Scott.

1:15.0

Interesting move.

...

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