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Closing Bell

Time for a Portfolio Pivot? 12/14/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 14 December 2023

⏱️ 46 minutes

🧾️ Download transcript

Summary

Is it time to do your own pivot out of large cap growth stocks and into areas of the market that have dramatically lagged? Anastasia Amoroso from iCapital gives her take. Plus, Mark Okada from Sycamore Tree Capital Partners sees higher rates in the new year. He explains why. And, star analyst Stacy Rasgon tells us what today’s Intel AI event might mean for the stock.

Transcript

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0:00.0

You're going to. You're going to. Welcome back a minute 45 left in the show several more headlines to get to and we're

1:17.9

going to squeeze it in starting with the drama at Disney try and announcing

1:22.1

it's nominating its own CEO Nelson Pelt and former

1:25.2

Disney CFO, J Rizzuolo to Disney's board, the latest salvo and its proxy fight against the company.

1:30.1

Tryon had sought up to three or four board seats in the statement Disney

1:33.2

defended its current board saying it's experienced diverse and highly qualified.

1:37.2

The company went on to say its governance and nominating committee will review

1:40.4

the nominations and provide their own recommendations to the board.

1:44.3

Okay, a new study from the Pew Research Center found a third of U.S. teenagers say

1:48.1

they almost constantly used at least one of the top five social media sites including YouTube,

1:52.6

Tik-Tok and Instagram.

1:54.8

I think you could probably go up the age scale on that.

1:59.1

And something like Twitter and Facebook

2:00.9

and people are doing that too.

2:02.1

I think this whole decade is going to be about pushback among kids usage of social media.

2:06.0

Maybe it's just because I'm entering that life.

2:07.8

Are you pushing back?

2:08.8

What's the rule?

2:09.8

They're still too young, but we're already stopping with it.

2:12.4

Don't stop touching mommy's

2:13.5

but I can't even check my we had we had a rule in our neighborhood no cell phones

2:16.4

for the kids so they were 11 yeah I think at this point if you make it to

...

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