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CNBC's "Fast Money"

Amazon’s no good, very bad day

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 30 July 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

Shares of Amazon notching their worst day since May 2020 and taking the rest of the e-commerce complex down with it. What the action says about the state of the consumer, the reopening trade, and the markets. Plus another big week of earnings is on deck -- we bring you the names each trader is watching.

Transcript

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0:00.0

Life in the Nasdaq Market site overlooking New York City's Times Square.

0:02.9

This is Fast Money. I'm Alyssa Lee.

0:04.6

Tonight's Trader Line up, Steve Brasso, Dan Nathan, Brian Kelly, and Nadine Termin.

0:08.4

Tonight on Fast, there's gold in them, their charts.

0:11.3

At least the chart masters think so.

0:12.9

Carter Worth is here to tell us what he is seeing next for the precious metal.

0:16.4

And at a gas, the energy sector snapped in eight-month winning streak,

0:20.0

posting its worst month since September.

0:22.4

But is there a way to play the energy space we've got some answers?

0:25.8

Plus, we may have one big week of earnings behind us,

0:28.5

but we are not done yet. From Alibaba to Uber, we've got a slew of big names on deck.

0:33.0

We'll bring you the one name each trader is watching.

0:36.0

We start off with an Amazon smack down the e-commerce giant,

0:38.8

raising the red flag on its future in a big way,

0:41.1

seeing shares punished to end the week.

0:43.2

The stocks think he more than seven and a half percent.

0:45.8

That's its biggest loss since May of last year.

0:48.4

Take a look at some of the other online retailers.

0:50.7

Falling alongside Amazon, thread up, weigh fair, etsy,

0:54.0

all dropping more than seven percent.

0:56.4

So does the move in Amazon send a bigger warning signal

0:59.5

about the consumer and maybe even the overall market?

...

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