Closing Bell: What Will Lead in the Second Half? 6/27/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 27 June 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Will the same AI related stocks lead the market or will it finally broaden in a meaningful way? Trivariate’s Adam Parker, Virtus Investment Partners’ Joe Terranova and Requisite Capital’s Bryn Talkington break down what they are forecasting. Plus, Nike shareholder Kevin McCarthy tells us what he is expecting from that report in Overtime. And, Walgreens shares sank on the back of some weak results. We break down those numbers and how the rest of the drugstores are faring.

Transcript

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0:00.0	Welcome to Closing Bell, I'm Scott Wabner live from
0:03.2	C. NBC Headquarters, this make a breakout begins
0:05.8	with the second half set up.
0:06.9	Whether this record setting rally has legs
0:09.0	and how much is hanging on that PCE tomorrow,
0:11.9	we will ask our experts over this final stretch.
0:13.8	Take a look at the scorecard with 60 minutes to go now in regulation.
0:17.4	Pretty tight trading ahead of the Fed's favorite inflation read tomorrow.
0:20.7	Take a look at the majors there.
0:21.8	Got a little bit of work to do on the down the S&P, NASDAQ positive.
0:25.0	Well, not to say there isn't some interesting action in today's session even while we're waiting for that report.
0:30.3	Amazon hitting $2 trillion in market cap as you know a day ago and
0:34.2	extending those gains today half times Josh Brown doubling down on that stock
0:39.3	doubling his own position and the stock was moving higher today as he made that bullish case yet again
0:45.1	meta also nicely in the green along with Apple and video well it is lower again and
0:50.9	it is pacing for a losing week. We will chart it over this final stretch.
0:55.6	We're also watching shares of Nike today ahead of earnings in overtime but a pretty tough run
0:59.5	lately for that stock. We're going to set you up for that key report as well. It does take us to our talk of the tape.
1:05.6	What will lead in the second half of the year? The same AI related stocks, will the market finally
1:10.0	broaden in a meaningful way? Let's ask Adam Parker. He's the CEO of TriVariate
1:14.5	research and a C and B. Contributor he's with us out at our HQ. Welcome. It's good to have
1:19.1	you out here. Yeah, great to be here. So you're pretty satisfied with where stocks have been
	...

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