A Market Rotation Underway… And Reaction to LuluLemon’s Latest Results 6/4/26

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 4 June 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A mixed day for markets, as investors seemingly rotate out of tech and into financials. How the recent drops in semi stocks could be fueling the record runs in money centers and investment firms, and where our traders are positioning in the rotation. Plus, the next move for Netflix as Co-founder Reed Hastings says goodbye, how a flesh-eating parasite hitting the cattle industry is impacting some biotech stocks, and what a top retail analyst sees in store for Lululemon after the company’s latest earnings report. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASAC market site in the heart of New York City's Times Square, this is fast money.
0:05.5	Here's what's on tap tonight.
0:06.9	A bank breakout, the KBE posting outsized gains and IPO plays like Goldman Sachs and Morgan Stanley hitting new records.
0:13.1	What's the rotation out of semis and into these tech names tell us about the state of the market?
0:18.3	A Lulu Lemon shares the a leisure company sinking after its plate his earnings report, all the details from the quarter. A Lulu Lemon shares the Ethleisure Company sinking after its latest
0:22.6	earnings report, all the details from the quarter
0:24.5	and how to trade the name now. Plus,
0:26.8	Broadcom's worst day in over a year,
0:28.7	could Bitcoin fall back to the 50K mark?
0:31.8	And options trader swarming around names
0:33.7	looking to fight a potential screw worm outbreak.
0:36.2	What?
0:36.9	Screw worm.
0:37.8	Yep, that's what they are saying about animal health care company Zoetis right now.
0:43.5	I'm Melissa Lee.
0:44.3	Come to you, Larsen, studio, Vietta, on the desk tonight.
0:46.7	Karen Feinerman, Dan Nathan, Guy Adami, and Julie Beale.
0:49.8	We start off with the latest signs of rotation.
0:52.1	Broad markets staging a reversal to end in the green today.
0:55.3	The Dow leading the charge surging 875 points to new records. While the S&P rose fractionally, the tech-heavy NASDAQ closing near the flat line after being down more than a percent at session lows.
1:05.6	One notable group left on the sidelines, the SOX semi-ETF dropping as much as 6% ending the day down by more
1:12.7	than two hit a record just yesterday. Money and set flowing into more value-oriented trades,
	...

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