Eric Jackson, founder of EMJ Capital, joins ‘Closing Bell’ to discuss how inflation affects all stocks, but particularly those in the tech sector. He shares his thoughts on Tesla, Square and Amazon. Subscribe to CNBC PRO for access to investor and analyst insights on tech and more:
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Ok so sell all high growth tech and buy techs like ibm and isn’t growing anymore? Makes no sense. I guess Wall Street has to get people to sell stocks so the growth stocks fall so these people on TV can buy them on the cheap
bunch of clowns, how many times have we heard don't buy TSLA. shameless
If you go from 0.3% inflation to 0.9% inflation in the space of a year after a pandemic you can frame it as a 200% increase or put your feet on the ground and realise moves from the lowest lows always have the most compound gains.
In the longer-term picture, it's still way below the 2.5% inflation rate we were at in the height of the last bull market. The two largest markets in the world are the stock market and the bond market. The fact they are freaking out over what totally inevitable after the pandemic is strange. Demand was always going to return and supply chains were always going to take time to catch up.
The fact the 10-year bond yield seems to be capped at 1.74% in the short term means they don't want to put money into stocks or bonds… so where is the safest place to put all those trillions of dollars?
What's the macro picture of cryptocurrency over the last 10 years?
This peice of garbage said ibm and dell haha…and he is shorting tesla and square, good luck boomer
I have about 5% of my portfolio in uranium bitcoin any advice on any other crypto currency that I can grow my $300k capital to a million dollars?
He doesn't understand Tesla and how fast they're growing.
So Tesla only looks frothy when there is so called inflation.
Any time we see a dip investors and institutions buy the dip its obvious in tech with great earnings +balance sheets
What a flip this guy…. From Tesla being frothy to the bottom of Tesla might be in. She roasted this guy.
We need traders and speculators so real investors can take advantage of them and get greater returns.
Pre fake virus
They tell you to sell tech so they can buy it. Analysts upgrade tech stocks every week. Also analysts: “Tech stocks have gotten way ahead of themselves.”
I agree with the FED. Current inflation pressures is transitory. Once the people go back to work the supply chain fluctuation will normalize, prices will normalize. I give it 1 maybe 2 months before inflation talks are in our rearview. Yeah, I'm betting on it.
“Growthier.” Four times. Doesn’t seem like his vocabulary matches his position of responsibility.
The volatility of tesla is wild.
Is Tesla a tech company or a manufacturing company?
Once Ford gets it's EV battery game together, it's game over for TSLA.
All of these comments talking about how tech is gonna continue to grow. Might i remind you that rising interest rates are just around the corner. Logically speaking, the Fed needs to take action by raising interest rates in the near future to avoid hyperinflation in the long run. Moreover, CPI and PPI are already at there highest rates since a couple of years. Im no expert, but a market crash or big correction is coming sooner rather than later.
go boomer, short tesla and Sq, give us the money of your clients 🙂
SOooo… the massive transfer of wealth from "smart money" to us retail dummies continues via the shorties….thanx y'all! Made me a modest fortune already but I'm greedy. HA!
TSLA was cut by 60% in 1st half of last yr (from prior highs) then again 30% later, but still up some 6X for the yr. It's always been volatile like that, get over it already.
Useless title of the video. Cmon man.
tech growth stock with zero debt and 20% growth = bad. … "value" stock with 2x debt to cash and 3% growth = good. …. hahhahhahahahha do the math.
SQ bottoms at about 195 and goes back up to about 205 for now. I'm long SQ.
Best stocks Amazon, Apple, Facebook, Twitter, Nvidia, Microsoft, Netflix. Disney and Wells Fargo for the recovery,;…………..
Tesla has been overpriced for years because there is no competition in EV and people have the illusion that Tesla will lead their competitors in every aspect. Clearly, Tesla has not had competitors because other big carmakers have not taken EVs seriously until now. GM is worth 80 Billion and Tesla should worth about under 40 Billion thus the stock should be around $40 or less. That said, it is not smart to short cult stocks because they can remain overpriced for years. In other words, it might take years for people to realize. Ford F150 and GM Hummer EV and full-size trucks will be in production within 12 months, when will be the cybertruck?
Chinese EVs are going strong in China and are extending that into Europe. China has autonomous buses and trains, still requires drivers behind the wheels, in actual usage for at least 2 years now.
Shorts get burned 9 out of 10
Guys it is just a correction we are 50% compared to last year.
Tesla & NIO going up so much in % that a 30-50% pullback isn't even that significant, only happening due to inflation/chip shortage.
I think the bull run 2.0 is about to begin for Tesla & NIO.
They are running crazy about inflation and this is just because we had deflation last spring.
This effects the 1 year inflation numbers .
Hard time taking this outlet seriously when they bring on professional speculators and shorts to talk down stocks that they are shorting. This guest is the furthest thing from an investor. No one in their right mind should be giving someone like this their money to manage.
1 word = debt
Good report. Thanks
So Tesla already dropped 40%ish…so what is he saying? It already bottomed?
How is this time different?? The Tesla bubble popped it was clearly running on insane momentum and now it's completely lost momentum and is way overpriced! What the heck do you mean?
But Tesla is an Automotive company! haha