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CNBC's "Fast Money"

Digging Into the Tesla Stock Split and What’s Next for Apple. 03/28/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 28 March 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Tesla shares surging back into the green for the year after announcing it’s looking to split its shares and pay out a dividend to investors. But what does the move really mean for the stock. And Apple posting its longest win streak since 2010. Can the run keep going? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Live in the Nasdaq Marketside overlooking New York City's Times Square, this is Bass

0:05.6

Money.

0:06.6

I'm Melissa Lee.

0:07.6

Tonight's Trader lineup, Tim Seymour, Karen Feinerman, Mike Cohen, Steve Grasso, a head

0:10.7

on bass, a crude collapse, oil dropping nearly 9% to start the week.

0:14.9

Energy stocks among the worst performers on the S&P is today's drop of sign of a global

0:19.5

slowdown ahead or just a bare market head fake, plus the Bitcoin balance, the cryptocurrency

0:24.2

now back in the black for the year, Bitcoin surging, more than 16% in the past week.

0:29.5

What is behind the rebound and where do we go from here?

0:32.1

And later, AMC, getting into a mining company may not be a one-off, why this meme sock might

0:36.5

not be done doing, quote, transformational deals that have nothing to do with movies

0:42.8

or popcorn.

0:43.8

But we start off with a massive milestone for Tesla, the sock hanging back into the green

0:48.1

for the year, after surging more than 8% today, it's biggest one-day jump since January.

0:53.3

That move adding nearly $85 billion to Tesla's market cap.

0:57.1

Rather than entire Ford or GM, the gains coming after the company announced, it would

1:01.5

look into splitting its stock and paying out a dividend to shareholders, Tesla helped

1:05.3

lead markets higher with the tech heavy Nasdaq rising, more than 1.3%, so what do we make

1:10.7

of this move?

1:11.7

Because it does seem that these sorts of moves, these have been the big events for Tesla

1:15.8

too.

1:16.8

They've been monsters, and if you go back to the August of 2020 stocks, but it put the

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