Chips Trade At Its Peak?... And UnitedHealth Drops After Earnings 10/15/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 15 October 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chip stocks pulling back after a big run up, as ASML plummets after warning of weaker china sales. So has the semi surge seen its peak? Or are there still opportunities hiding in the tech trade? Plus UnitedHealth having its worst day since the start of the pandemic, after posting disappointing profit forecasts for 2025. The rising medical costs impacting that stock. Fast Money Disclaimer

Transcript

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0:00.0	Live in the NASDAQ market site in the heart of New York City's Times Square,
0:05.5	this is fast money. Here's what's on tap tonight. Sliding semi shares of
0:09.2	ASML hammered as the semi equipment maker reports a 50% drop in bookings and cut to the
0:14.5	forward guidance the news hitting all the chip socks hard will break down what
0:17.8	happens next and United unhealthy
0:21.6	unhealthy insurance company dropped too soon.
0:24.0	Insurance company dropping over 8% after cutting guidance.
0:27.0	Carter has called this stock God-like, can it recover though from this ungodly decline?
0:32.0	Plus Apple within a whisper of all-time highs
0:34.8	what's behind the surge? Time to sell Tesla, what one top technician is saying,
0:38.7	and a bright spot with the banks by financials keep flying. I'm Melissa Lee coming to you live from Studio
0:43.8	at the Nasak on the desk tonight. Tim Seymour, Dan Nathan Guy Dami and
0:47.3	Lori Calvasina head of a US equity strategy at RBC. We start off with chips
0:51.8	getting checked in a big way today shares of ASML
0:54.3	sinking 16% for its worst one day drop in over four years. It is now back in
0:59.3	negative territory for the year. The move coming after the semi-equipitment
1:02.4	maker said bookings for the
1:03.4	current quarter came in well below expectations, gave a week sales forecast for
1:07.1	fiscal 2025. The news taking a toll on other chip stocks, KLA, applied materials,
1:11.8	dropping double digits, and video sinking 4.5% today
1:15.2	after recording a new record close.
1:17.2	The SMH semi-ETF seeing its worst day since early September.
	...

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