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CNBC's "Fast Money"

Countdown to Consumer Earnings and Are Semis Set to Break Down? 8/11/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 11 August 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

The nation’s biggest retailers start reporting earnings next week, with Walmart, Target, Home Depot and more all on the calendar. What clues will they offer us into the state of the consumer, and how should you position yourself ahead of these reports. Plus from star to slump, shares of Nvidia are now nearly 15% off their all-time high. Where is it and the rest of the semi space going from here? We dive into the charts to find out. Fast Money Disclaimer

Transcript

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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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