All the Headlines from Apple’s VR Headset Reveal and The Beaten Down Stocks Ready to Reverse 6/5/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 5 June 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Shares of Apple hit all-time highs ahead of the company’s WWDC kickoff and the launch of its first new product in almost a decade. But the stock ended the day with losses. So how should you trade the stock now? Plus the Chart Master is looking at a handful of stocks that have made double bottoms and could be on track for a rebound. He makes the case for which ones are a buy right now. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Right now on fast, Apple's big reveal, the Vision Pro head said the tech giants first
0:05.2	major new product cycles since 2014. Disney's Bob Iger on hand, the stock also hitting
0:10.7	an all-time high ahead of today's announcement, but ending the session in the red will break
0:14.4	down all the action from the day's event. Plus, Bitcoin Blue's the SEC filing charges
0:18.7	against the world's largest cryptocurrency exchange, Binance, and accusing them of mishandling
0:23.6	funds and lying to regulators, the news sending shock waves through the crypto space to
0:27.8	the latest on this developing story straight ahead. And later GM CEO with a warning on the
0:32.3	EV road ahead, target stock keeps on slumping and a nuclear move higher in Uranium. I'm
0:38.3	Melissa Lee, this is Fast Money Relive with the Nasdaq Market site. I'm the deaths tonight.
0:41.5	Tim Seymour, Karen Feinerman, Dan Nathan, and Julie Beale, we start off with Apple's first
0:46.0	major product launch since 2014. The company unveiling a mixed reality headset called the Vision
0:51.8	Pro at its worldwide developers conference today, Apple calling it revolutionary, the headset
0:57.2	which will sell for almost $3,500. We'll let users watch movies, view videos, play video
1:02.3	games, and much more. Disney CEO Bob Iger on hand for the announcement. Disney Plus will
1:07.2	be available day one on this headset. Chairs of Apple slipping after the big reveal, falling
1:11.8	almost 1% Apple early in today's session, did an all-time high dating back to its IPO in
1:17.7	1980. CNBC's Steve Cullback is out in Cupertino covering the event for us. This is much
1:23.2	more expensive than we thought. Did it seem cooler? Not as cool as we thought.
1:28.2	Well, I got to look at the device, Melissa, but I didn't get to use the device yet, so
1:33.2	they only had it on display in the Steve Jobs Theater. I just got back a few minutes
1:37.4	ago after checking it out. It was basically on a pedestal there. Tim Cook came out and
1:41.4	did his little photo op and showed it off. But right now, no one really outside of Apple
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.