An Epic Fail For Apple and Peloton’s Big Week
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 13 September 2021
⏱️ 44 minutes
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| 0:00.0 | Yes, it does live from the NASDAQ. This is Fast Money. I am Brian in for Melissa again tonight, and your all-star lineup includes Guy Adami, Tim Seymour, Karen Feynman, and Dan Nathan. |
| 0:12.7 | Tonight on Fast, we are all over the after-hours action and shares of Oracle. Earnings just out. The company call, just getting started, will bring you all the news and the |
| 0:22.0 | trade on a stock some say is the forgotten giant of big tech. Plus, is the entire market about |
| 0:28.5 | to flip on its head? B of A. Savita Subramanian says it is. She'll tell you why and what to buy |
| 0:34.4 | now. And later, speaking of buying, buy your Christmas gifts now, we'll tell you |
| 0:40.4 | what just happened in Nike. That could be a big warning for the rest of retail. You, |
| 0:45.7 | here, shopper, have been warned. All right, welcome. We are going to get to all of that on this big |
| 0:50.4 | hour, but we have to start with a big day for big oil. |
| 0:56.7 | Crude oil back above 70 bucks a barrel. |
| 1:01.0 | As demand rises, production stays flat, and the U.S. dollar gains. |
| 1:08.5 | This pushed a big day for the OIH, oil services ETF, jumping almost 5% for its best day in nearly three weeks. |
| 1:11.7 | Some beaten up stocks going along for the ride, |
| 1:17.2 | like double-digit gains for little known names like RPC and Helix Energy. |
| 1:19.9 | But it wasn't just them showing strength. |
| 1:21.0 | It was more broad-based. And the energy sector was the best-performing group in the S&P 500 today by far. |
| 1:29.9 | But of course, we have seen this before. |
| 1:37.7 | In June, the OIH was at $240. Everything looked great, only to leave so investors crying in the oil patch as it turned down in a big way. So Guy Adami, we begin with you, my friend, is this |
| 1:43.0 | bounce. Maybe the start of a longer lasting love affair or just another round of speed dating. |
| 1:51.2 | Yeah, I don't know about either, but I will say that I was one of those people a few months ago that thought I would continue higher. |
| 1:58.3 | And I sort of got caught up in that maelstrom. |
| 2:00.2 | I think to a certain extent, |
| 2:01.5 | I think too many people got on that side of the boat and the sell-off was precipitous. Dan Nathan |
... |
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