A Major Reversal on Wall Street as Tale of Two Tech Trades Emerges

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 5 March 2021

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets staging a big rebound on Friday to close out a volatile week, with the S&P swinging 120 points from its lows to the highs of the day. But there’s been a tale of two very different tech trades in the market, as high fliers come back down to earth and the large cap stalwarts hold steady. 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	I'm Melissa Lee and this is Fast Money.
0:02.6	Tonight's Trader lineup, Steve Grasso,
0:04.4	Bono and Ison, Jeff Mills, and Pete Najarian.
0:06.4	Tonight on Fast, the Charm Master says it is time to pull
0:09.2	the plug on the energy trade by Carter Worcesters'
0:11.7	trouble in the charge for this week's big winner.
0:14.0	Plus, a handful of names breaking out to new 52
0:16.6	archives in today's rally, so should you stick
0:18.5	with these trades or fade these big moves.
0:20.4	And later, Cher is a virgin galactic losing
0:22.8	some serious altitude.
0:24.0	We'll tell you what's sent this high-flying stock
0:25.9	crashing back to Earth.
0:27.2	We start off with a big rally to end a wild week
0:29.9	stock surging into the close with all three major
0:32.4	averages gaining more than one and a half percent
0:34.5	every single S&P sector hosting games led by energy
0:38.3	and check out the tail of the tape on the S&P 500.
0:40.8	The index started the day in the green,
0:42.7	lost some steam throughout the morning
0:44.0	to bottom out at around 11 a.m.
0:46.0	Fires came in then strong and it was off to the races.
	...

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