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CNBC's "Fast Money"

A bounceback to believe in? 06/21/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 21 June 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks roaring higher today. From big tech, to banks, to big oil - green arrows across the board. Is this a rebound that investors should approach with caution? Fast Money traders’ dish on this 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

right now on fast from off target to feeling like we're about to hit the

0:04.8

bulls eye the CEO of retail giant target now sounding a whole lot more upbeat

0:08.4

about the second half of the year will go inside this reversal of fortune

0:11.8

plus a bounce back to believe in stocks roaring higher today from big tech to

0:15.5

banks to big oil but is this a rebound that investor should approach with

0:18.9

caution and later will chew on the rally and chewy get under the hood of

0:23.3

Tesla's electric day and find out why the street didn't like meta today

0:27.6

I'm Melissa Lee this is fast money life in the Nasdaq markets aid on the

0:30.6

best night to see more care and find him in Dan Nathan and Guy Adami we

0:35.0

start off with the market bounce the Dow S&P and Nasdaq seen their best day

0:38.3

of the month the bullish move coming as a major bear sentiment indicator

0:41.9

hit a seven week low consumer discretionary among the leaders up more than

0:45.7

3% today one of its hardest hit members seeing a revival target

0:49.7

surging almost 4% today CEO Brian Cornell delivering an upbeat tone for the

0:53.9

year second half telling the economic club in New York and our own Becky

0:56.9

quick that back to school back to college and even Halloween shopping should

1:01.3

be sales at the same time acknowledging a challenging environment for

1:04.1

consumers due to inflation target stock down about 42% over the past two

1:08.7

months and remember they warned about inventory levels last month they got

1:11.9

crushed so now what Karen what are we supposed to make of of target and he also

1:16.0

talked about the idea of of coming out just weeks after the quarter and saying

1:20.3

you know we're going to mark down a lot of the inventory to get ahead of the

...

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