Amazon sinks after revenue miss and Robinhood’s disappointing debut

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 29 July 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amazon on the move after its first earnings report without Jeff Bezos at the helm. We break down the numbers and bring you the trade. Plus one of the most-watched IPOs of the year -- Robinhood makes a less-than-stellar market debut. What it means for the IPO market and the retail trading boom.

Transcript

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0:00.0	I'm Melissa Lee and this is Fast Money.
0:03.8	Tonight's Trader lineup, Dan Nathan, Guy Dommi, Tim Seymour, and Karen Feinerman tonight
0:07.5	on Fast.
0:08.5	One of the hottest IPOs of the year falling in its first day of trading.
0:11.4	We're breaking down the action in Robin Hood with one of his company's first investors,
0:15.7	Tim Draper, his take on the Blockbuster debut.
0:18.8	Plus, stocks touching all time highs today despite a bomb of a GDP print will dive into
0:23.4	how our traders are playing this record rally.
0:25.4	And later, a streaming SmackDown Hollywood a-lister Scarlett Johansson, soon Disney, over the
0:30.5	release of Black Widow, why the fallout could be a game changer for the entire streaming
0:35.3	space.
0:36.3	We start off with the Nurtings Alert on Amazon, that stock is sinking in the after hours
0:39.4	after reporting results.
0:40.8	Conference calls kicking off in just about 30 minutes from now.
0:43.7	Let's get straight to Deirdre Bosa, who's got the details.
0:46.0	Deirdre.
0:47.0	Melissa, it's really that top line miss and it's revenue guidance for the third quarter that
0:53.3	has that stock sinking in the after hours.
0:55.6	I also just got off the phone with Amazon CFO Brian Olsowski for a few more details on
1:00.0	the quarter.
1:01.0	He said that that step down and growth we saw this quarter is likely to persist for the
1:05.6	next few quarters as a lap a high period of growth.
	...

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