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CNBC's "Fast Money"

An Apple-Led Rally, and Trading Berkshire’s Bets 5/5/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 5 May 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

The Nasdaq rose more than 2% today with Apple’s post-earnings pop driving the gains. But if the rally is all about this one stock, does it have legs? Plus investors gearing up for Berkshire Hathaway’s annual meeting this weekend. But how should you be trading the stocks that Warren Buffett’s company is invested in? Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Right now in faster rally on the street to close out the week, the Nasak powering higher

0:05.2

by more than 2% led by Apple, which add in nearly $130 billion to its market cap just

0:11.0

today.

0:12.0

But is this just a one-stock rally or is there broader strength here?

0:15.6

And more trouble from First Republic, the SEC reportedly now looking into how company

0:19.6

execs traded stock in the shuttered bank.

0:22.3

We've got the details on what they're looking for.

0:24.5

Plus, getting energized, oil stocks are some of the worst performers in the S&P this

0:28.4

week.

0:29.4

And as the minister says, the space is about to turn a corner to lay out his case.

0:33.3

I'm Melissa Lee.

0:34.3

This is fast money.

0:35.3

We're live with the Nasak market site on the desk tonight.

0:37.1

Bono and Ison, Guy Adammy, Tim Seymour, and Jeff Mills.

0:40.4

And we start off with Apple's big post earnings pop, the stock rallying more than 4.5% today

0:45.0

for its best stay since November.

0:47.4

Shares now of 34% this year.

0:49.7

They closed just 3% from their all-time high hit in January of 2022.

0:55.5

Mills move helping power the broader markets higher, the Nasak surging more than 2%.

0:59.5

The Dow posting is best gain in 4 months.

1:02.2

But is the rally all about Apple?

1:06.2

Seems that way, Guy.

...

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