Countdown to Consumer Earnings and Are Semis Set to Break Down? 8/11/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 11 August 2023
⏱️ 23 minutes
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| 0:00.0 | And right now on fast we're counting down to earnings from some of the |
| 0:04.6 | country's biggest retailers from Walmart to Home Depot. What you couldn't expect |
| 0:08.6 | from those reports next week and what they could say about the state of the |
| 0:12.0 | consumer. Plus SMI slum shares in video dropping another 3.6% today. The chip |
| 0:18.0 | giant has now fallen over 15% from its all time high. That was it less than a |
| 0:22.4 | month ago. So where's the sector going next? Well the chartmaster he gives us |
| 0:26.3 | his two pennies and later a chart of the week this doc seeing its best weeks |
| 0:31.0 | since going public more than 7070 years ago. What is it? And is it too late |
| 0:36.6 | to buy in? We're going to look for some answers. I'm Courtney Reagan in this |
| 0:39.6 | evening for Melissa Lee. This is Fast Money Live from the Nasdaq Market site on |
| 0:43.5 | the desk tonight. You have Tim Seymour, Julie Bell, Bono and Ithan and our guest |
| 0:47.7 | trader tonight is Victoria Fernandez of Crossmark Global. Thank you all for |
| 0:51.6 | joining us here tonight. We are going to start with a sputtering end to a pretty |
| 0:55.2 | fall to week. The down managing again while both the Nasdaq and the S&P were |
| 0:59.7 | lower on the day. All three indexes though well off their lows after a |
| 1:04.2 | hotter than expected inflation report. Whole sale prices rising more than |
| 1:08.3 | forecast in July. A shift from the narrative we'd started to get used to both |
| 1:12.6 | the Nasdaq and the S&P posted their second straight week of losses. It was the |
| 1:16.0 | first time the Nasdaq has done that all year. But now focus shifts to the |
| 1:19.9 | next crop of earnings reports with the retailers. Those are the big headlines |
| 1:23.6 | we're going to see next week. Home Depot first Walmart target tjx. They're all |
| 1:27.4 | on the calendar along with some others. The stocks mostly winners over the past |
... |
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