Closing Bell: The Make-or-Break Week Ahead 1/26/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 26 January 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

What are stocks likely to do in the weeks ahead? Especially as we await a critical five days ahead. Professor Jeremy Siegel of the Wharton School maps out his forecast. Plus, Wedbush’s Dan Ives is changing his tune on Tesla. Earlier this week, he joined Scott Wapner at Post Nine and doubled down on his bull case for the EV maker. Now he’s saying he was “dead wrong.” He breaks down his updated take. And, Meta hit a fresh record today. Julia Boorstin explains what’s behind that major move.

Transcript

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0:00.0	Welcome to Closing Bell. I'm Scott Wotner Live from Post 9 here at the New York Stock Exchange on this Friday.
0:04.1	This make-a-break hour begins with a countdown to that critical week ahead.
0:07.7	The Fed, the mega-caps, and maybe just the fate of this rally.
0:11.1	We will ask the Wharton Schools, Jeremy Segal, what is likely to happen
0:15.2	and where your money is likely to go from here. He joins us in just a moment. We can't wait for that.
0:20.1	In the meantime, your scorecard was 60 minutes to go in regulation looks like that.
0:24.0	Well the S&P it's close to 4,900 yet again and it's trying to close above that level.
0:29.4	We will see over this final stretch if it can get there.
0:31.8	Nasdak, it's somewhat muted today ahead of those key tech earnings next week.
0:35.9	You see it, just negative, by a smidge.
0:38.1	Intel, no smidge.
0:39.9	It's sliding sharply after its disappointing guidance today one of the worst stocks in
0:43.7	the market today down 12% as far as rates go take a look the 10 year after that better
0:48.6	than expected read on inflation today and a pretty nice real-time look at the economy this quarter as well.
0:54.0	We're at 416. It takes us right to our talk of the tape.
0:57.0	What stocks are likely to do in the weeks ahead and how the next five days will be critical to that outcome.
1:02.0	Let's ask Wharton Professor of Phoenix. The next five days will be critical to that outcome.
1:03.0	Let's ask Wharton, Professor of Finance, Jeremy Siegel.
1:05.9	You see him there as he joins us now.
1:07.7	Professor, welcome back.
1:09.8	Happy to be here, Scott.
1:11.1	I'm so happy to have you with us today because we do have so much
	...

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