Big Banks Break Out and the Sheep in Wolf’s Clothing Description

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 6 January 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Banks resuming their strong start to the year with the KBE ETF jumping more than 3% and on pace for its best week since February. How the traders are looking at these names as we gear up for earnings next week. Plus the one stock each trader thinks is being unfairly punished as a growth stock, even though it’s truly a calm value play. 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	Tonight on fast, we are breaking down the banks, the financials on fire today as we
0:05.7	gear for earnings next week.
0:07.3	Our traders are playing this trade plus sheep in wolves clothing or innocent value trades
0:12.3	getting unfairly punished because they're dressed like big bad growth names.
0:15.9	The four stocks that could have investors crying wolf and later the Bitcoin breakdown,
0:19.8	the cryptocurrency lower again today.
0:21.7	It's now lost a quarter of its value in just the past two months.
0:25.0	Our traders are playing this meltdown.
0:26.9	Welcome to fast money.
0:27.9	Melissa leads a nice straight line up guide army Tim Seymour, Karen Pinerman and Nadine
0:31.8	Turmin.
0:32.8	But we've got to start off with a monster after hours move and game stop shares are
0:36.3	surging after the company announced it is getting in on the NFT and crypto markets.
0:40.6	It's up 32% right now.
0:42.7	Julia Borson's got more on this Julia.
0:46.5	Well Melissa CNBC is confirmed with the source of familiar with the situation that the
0:51.4	video game retailers launching a division dedicated to NFTs and to cryptocurrencies are
0:57.4	source tells us that the company's hired more than two dozen people to focus on these
1:02.9	new areas and to build an online platform to buy and sell NFTs a virtual video game
1:08.6	goods, including avatar skins and weapons asking developers to list NFTs on this new marketplace.
1:15.9	Now our source also tells us that game stop is close to signing partnerships with two different
1:21.6	crypto companies to partner on among other things developing games that use the blockchain
	...

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