Danger Ahead? What Big Gains in Small Stocks Says About the Market

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 22 December 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A handful of newly public names have seen some outsized gains in recent weeks. But what does that say about the strength of the market? Plus top-ranked Apple analyst Toni Sacconaghi breaks down the company’s potential move into the auto space.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Melissa Lee and this is Fast Money Tonight's Trader lineup Diadami Tim Seymour Dan Nathan and James McDonald tonight on Fast
0:07.8	Time to play defense with the S&T pulling back for a third straight day one One top technician is finding the biggest opportunities
0:14.1	in some beaten down names.
0:15.4	We'll tell you what they are.
0:16.3	Plus, Solar Flair, the alternative energy stock
0:19.1	that's showing science that's set to shine much brighter.
0:22.2	And just one more thing.
0:23.9	Why would Apple want to get into the car business?
0:26.3	We'll be joined by top analyst Tony Sakanagi
0:28.3	to break down the move and what it means for the stock.
0:30.8	We start off with a corner of the market that is seeing some serious
0:35.2	serious fraud. Take a look at some of these stocks. Battery Tech Company Quantumscape
0:39.7	rise in nearly 40% today after a nearly 30% gain yesterday.
0:44.4	It's up more than 500% since August.
0:47.1	C3 AI was supposed to go public 30 to 40 bucks a share,
0:50.5	priced at 42 earlier this month, and today it closed at 177 and Fubo TV has risen by more
0:56.5	than 10% in each of the last five trading days bringing its gains over the week to more than 130%.
1:05.0	So what do these massive moves say about where we are in the markets right now?
1:09.7	Dan.
1:11.7	Well, Mel, you just said a corner of the market. I would say that they cornered the market in euphoria.
1:17.5	This is stuff that we have not seen in a very, very long time. You can tell me why it's different this time. I will tell you that it's no different
1:24.6	that it was in 20 in the year 2000, which led to an epic, epic crash in the market because of bubble valuations but here's the thing
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.