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Closing Bell

Closing Bell: The Outlook for Stocks 8/12/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 12 August 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Investors anticipating a critical few days for stocks after a wild week on Wall Street. NewEdge’s Cameron Dawson, Wealth Enhancement’s Ayako Yoshioka and Greg Branch of Branch Global Capital Advisors debate their market forecasts. Plus, Stempoint Capital’s Michelle Ross maps out her playbook for the pharma and biotech space. And, Jetblue’s stock faced its worst day ever today. Phil Lebeau explains what is behind that drop.

Transcript

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0:00.0

Tyler,

0:01.4

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

0:05.0

And this make-a-breakout begins with the risk reward for stocks, whether it's gotten better following last week's volatility.

0:11.0

The last car experts over this final stretch. In the meantime, check out the scorecard with

0:14.7

60 minutes to go and regulation here. The major averages are sort of taking a wait and see approach

0:20.0

to this week's data deluge. We have inflation data, we have retail sales,

0:24.1

we got some key consumer earnings as well,

0:26.3

all lying ahead.

0:27.2

We'll be a good test for the markets for sure,

0:29.3

given all these questions now about the direction of the U.S. economy.

0:32.6

Invidia, it is one of the standouts today,

0:34.4

along with other chip names like Micron and AMD.

0:37.6

They're all positive across the board.

0:39.4

Apple's higher, too.

0:40.2

That's his analyst, Dan Ives.

0:42.0

He's up to his iPhone 16 sales numbers.

0:45.0

That stock's good for about two-thirds of 1%.

0:48.0

Takes us to our talk of the tape, the outlook for stocks which have a lot riding on these next several days.

0:52.6

That's an understatement.

0:53.7

Let's ask Cameron Dawson what's really at stake.

0:55.6

She's the chief investment officer for New Edge Wealth.

0:58.0

Joins me here at Postline.

...

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