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Closing Bell

Closing Bell: What’s Next for Stocks? 12/8/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 8 December 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

What lies ahead for stocks as next week’s fed meeting looms large? Cameron Dawson of NewEdge gives her expert forecast as we wrap up the week. Plus, top Apple analyst Erik Woodring says the bull case for the tech giant has been reignited. And, CIC Wealth’s Kevin Simpson reveals the new tech name he is buying.

Transcript

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0:00.0

Welcome to closing bell I'm Scott Wotner live from

0:03.0

c. NBC Global Headquarters this make-or-break hour begins with the next move for

0:07.2

the Fed the markets and most importantly for your money that after today's jobs

0:11.9

report in the recent rally in stocks and bonds.

0:14.4

We'll ask our experts over the final stretch what's in store.

0:17.2

In the meantime, your scorecard with 60 minutes to go and regulation looks like that.

0:21.1

We do have green across the board board kind of bit all over the

0:23.0

map but that's the current look yields are jumping today after the

0:27.1

unemployment rate fell after the jobs report came out there's your picture we're

0:30.7

green there to 224 the yield on the tenure but a

0:33.9

pretty good day for a mega cap tech to apple is higher holding above 3 trillion in

0:38.1

market cap yet again we'll speak to top analyst Eric Woodring of Morgan Stanley in just a few moments on what his expectations are for that stock in

0:46.3

2024 alphabet.

0:47.3

Well, let's giving some back today as questions mount about the company's just rolled out AI model, all of it takes us to our talk of the tape.

0:56.0

What lies ahead for stocks and next week's Fed meeting, which is looming large?

1:00.7

Let's ask Cameron Dawson, Chief Investment Officer for New Edge Wealth here with me on sets.

1:06.0

Good to see out here.

1:07.0

Good to see you.

1:08.0

Anything changed for you by virtue of what was delivered today in the job report?

1:11.0

I think that what nothing really changed,

1:14.4

however, what we're not getting is confirmation

1:17.0

that data is falling off a cliff,

...

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