Amazon Prime Day Lifts Retailers Ahead of Key Inflation Data, and the Three Stocks that One Chart Watcher Says Are Ready to Bounce 7/11/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 11 July 2023
⏱️ 45 minutes
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| 0:00.0 | Right now and fast, shaking it off from industrial to housing names to and to high-end retail. |
| 0:06.0 | Why a host of stocks and sectors are shrugging off rising rates and rocketing to record highs. |
| 0:10.0 | We'll break down this somewhat head-scratching trend, plus obesity overload. |
| 0:15.0 | Investors have been fanning up on shares of Lillian Novonortis, |
| 0:18.0 | but will new scrutiny of their weight loss drugs bring those stocks back to Earth. |
| 0:22.0 | We'll debate that. |
| 0:23.0 | And later, streaming higher, thanks to shopping from your couch, |
| 0:26.0 | an upgrade raising the value of one real estate stock. |
| 0:28.0 | And the Barbie effect, yep, whatever trader says it's a thing. |
| 0:31.0 | I'm Melissa Lee, this is Fast Money Relax, |
| 0:33.0 | and then I was like, MarketSite on the Destiny Night. |
| 0:35.0 | Tim Seymour, Karen Fireman, Guy Downey, and with us for the hour tonight, |
| 0:38.0 | Katie Stockton, the founder of Fair Leaves Strategies, welcome Katie. |
| 0:41.0 | Thank you. |
| 0:42.0 | And we start off at the Prime Day. |
| 0:43.0 | Paloza, the 48-hour sale event, is currently underway. |
| 0:46.0 | Prices may be down for shoppers, but shares are up for Amazon investors |
| 0:50.0 | and a rising tide lifting a bunch of retail boats today. |
| 0:53.0 | Etsy, Nordstrom, Gapcoals, Chewy, all seeing green on the street. |
| 0:56.0 | The strength comes as we await a key read and inflation |
| 0:59.0 | due out tomorrow morning, consumer prices expected to grow |
| 1:01.0 | at the slowest pace since March 2021. |
... |
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