Consumer in a Crunch? And “The Big Short’s” Steve Eisman on How He’s Positioned for the Rest of the Year 7/25/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 25 July 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Lululemon hit their lowest level in more than four years after a downgrade at Citi and trouble with one of its hotly-anticipated products. What its weakness says about the state of the consumer and how you should play the space. Plus in part two of our Big Short Week spectacular, Neuberger Berman’s Steve Eisman reacts to Wednesday’s sell-off and gives us his strategy for the back half of 2024. Fast Money Disclaimer

Transcript

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0:00.0	Live from the Nazac Market site in the heart of New York City's Times Square, this is fast money.
0:06.6	Here's what's on tap tonight. Consumer crunch shares of Lulu lemon sinking to new multi-year
0:11.7	lows and the discretionary sector
0:13.6	touching its worst levels of the month.
0:15.2	Is there relief in sight for the retail names
0:17.6	or will this be a case of buyer's remorse?
0:19.8	Plus boosting profits, United Health has grown
0:22.1	into a colossus in the insurance
0:24.0	industry and a new in-depth report from Stat News details how the company has
0:28.2	cornered the market at the expense of patients. We dive in with one of the authors later this hour and we've got
0:34.4	part two a big short week here in Fast Money Newberger Berman Steve
0:37.6	Isman will join us with his take on yesterday's sell-off and how he is positioning
0:41.4	himself for the back half of the year.
0:43.2	I'm Melissa Lee come to you live from Studio B at the Nasak on the desk tonight.
0:46.6	Dan Nathan Guy Dami, Tim Seymour, and Steve Grosso.
0:49.4	We start off with shares of Lulu Levin in full downward dog today.
0:55.0	Had to use that.
0:56.6	She was tumbling 9% to their lowest levels since May 2020
0:59.9	after analysts at Citigroup downgraded the stock from buy to neutral,
1:03.0	slashing the price target by nearly 30%.
1:06.1	The company also dealt a blow
1:07.9	as it was forced to pull the hotly anticipated breeze
	...

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