A Biotech Breakdown and Two Sides of the Streaming Wars

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 18 October 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Biotech stocks have been far underperforming the broader market over the past month, but one top analyst says that might be about to change. We break down the trade. Plus, Disney shares dropping 3% today after a downgrade from Barclays, while Netflix reaps the benefits of the hugely popular Squid Game. How the names stack up heading into earnings. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Live from the Nasdaq Market site overlooking New York City's Times Square, this is Fast
0:05.6	Money.
0:06.6	I'm Melissa Lee.
0:07.6	Tonight's Trader lineup.
0:08.6	Guy Dami, Tim Seymour, Carried Byterman, and Jeff Mills tonight on Fast Disney Get
0:11.9	Ding.
0:12.9	The stock falling 3% on new growth concerns for Disney Plus will break down how our traders
0:16.8	are playing the streaming news.
0:18.4	Plus, flipping out, Zillow plunging 9% as a company hits the pause button.
0:23.1	On buying and flipping new houses, we'll tell you why Zillow is taking a home-buying halt.
0:27.5	And later, shares of AMC in rally mode today, and we spotted some unusual options activity
0:32.1	on this name.
0:33.1	We'll break down that action.
0:34.1	But we start off with the biotech breakdown, the XBI biotech ETF feeling a little bit
0:38.5	under the weather again today, the index falling 2%, it's now down 7.5% over the past
0:43.7	month.
0:44.7	That is compared to a 1% gain for the broader market.
0:46.6	So if you're in the biotech trade, should you brace for more sick days ahead, or healthy
0:52.8	gains right on the horizon?
0:54.9	Yeah, I am.
0:55.9	And the underperformance is persisted for the year.
0:57.5	It's down 13% for the year with the S&P 500 close to record highs.
	...

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