China Tech Soars & Wall Street’s New Biggest Bull

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 24 August 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Chinese internet stocks rebounded in a big way on Tuesday, with the KWEB ETF posting its best day ever. But one top investor says it’s too early to go all in on Beijing. Plus, Wall Street’s new biggest bull. Wells Fargo Securities Chris Harvey lays out the case for why he says the S&P has 8% more upside this year

Transcript

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0:00.0	The lives of the Nasdaq markets that are overlooking New York City of Times Square.
0:04.8	This is Fast Money.
0:05.8	I'm Alyssa Lee.
0:06.8	Tonight's Trader Line up.
0:07.8	Guy Adam, you Tim Seymour, Dan Nathan and Brian Kelly.
0:10.2	Tonight on Fast.
0:11.2	The biggest bull on Wall Street says let the good times roll.
0:14.4	Wells Fargo's Chris Harvey sees another 8% upside first stocks by year end will tell
0:19.3	us how we get there and when he sees the record rally running out of steam.
0:22.7	Plus, Cyber Stocks surging.
0:24.3	Names like Palo Alto, Sense 101, Cyber Arc All in Rally mode will break down our traders.
0:29.6	We're playing this big move and we're all over the Athera's action shares of 12 brothers
0:33.7	and Nords from both stocks on the move right now on earnings.
0:36.7	We'll dive into those quarters straight ahead.
0:39.5	But we start off with a massive rebound in Chinese tech, the K-web, China Internet ETFs
0:44.0	soaring.
0:45.0	More than 11% today posting.
0:46.6	It's best day on record.
0:47.7	It is now up more than 14% already this week.
0:51.7	Look at the games today and names like Pindota, JD.com, even long lagging, Alibaba posting
0:57.0	strong games.
0:58.0	I'm worried about China's regulatory crackdown really behind us or is this just a giant
	...

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