An End to the Tech Rally? And Is Now the Time to Buy Kohl’s

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 22 February 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Big tech taking a big hit today as interest rates continue their climb higher. So is this the end of the long-unstoppable bull market in tech. We break down the trade. And will Kohl’s be a buy with or without an activist trying to shake up its board? Why one trader is giving the retailer’s stock a second look. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Melissa Lee, and this is Fast Money.
0:03.5	Tonight's Trader lineup, Guy Dommi, Tim Seymour, Karen Feinerman, and Dan Nathan
0:07.1	tonight on Fast, rocking up games.
0:09.4	An activist investor setting his sights on long struggling coals and setting shares
0:12.8	soaring today.
0:13.8	While the move made one of our traders sit up and take notice, plus a trio of stocks
0:17.9	posting big gains today from Royal Caribbean to GE.
0:20.5	We bat around the day as big winners in a Trader Triple Play and talk about a good idea
0:26.5	or not.
0:27.5	We'll start off tonight, though, with the tech route, the Nasak sinking into the
0:35.5	clothes ending the day about 2.5% lower as rates kiss 1.39% earlier, the highest level
0:42.0	since last February.
0:44.2	This just the latest move in a run higher that started back in August.
0:47.8	Remember when that 10-year yield was about half a percent?
0:51.4	So the question tonight is simple.
0:53.2	Will rising rates kill the tech rally?
0:55.8	Guy, what do you say?
0:58.5	Yes.
0:59.5	Back to you, Mel.
1:00.5	No, absolutely.
1:01.5	I think this, so much of this has been predicated on this low interest rate, zero interest rate
1:07.5	environment.
	...

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