Energy Stocks Fuel the Market, and Why You Might Be Skeptical About the Tech Rally
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 12 January 2022
⏱️ 43 minutes
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| 0:00.0 | Tonight on fast, a tech fake out, one top technician casting doubt on the recent tech turnaround |
| 0:06.5 | why he sees more trouble ahead in the charts. Check out the move in KB home shares higher |
| 0:12.1 | after earnings drop. We're going to bring you all the big headlines from their quarter. |
| 0:16.0 | And then an options alert on one of this year's best performing stocks. See if you can guess who |
| 0:22.3 | this is. Here's some hints. It's a name you know. It's a bank. It's had a lot of problems, |
| 0:28.0 | but it's stock price this year. Ain't one of them. All right, everybody, welcome to fast money. |
| 0:33.6 | As you can tell, I'm not Melissa. I am Brian. Melissa has the night off and tonight's trader line |
| 0:37.7 | up. Nobody gets the night off. Guy Adami, Tim Seymour, Karen Feynman and Steven P. Grassell. |
| 0:44.1 | Welcome everybody. Good to be here. All right, on a day that we found out that inflation is running |
| 0:49.6 | hotter than any time since ET was the hottest ticket around 1982. Let's talk about rising prices |
| 0:57.1 | and begin here with oil and gas because crude oil once again popping its head above 83 bucks |
| 1:03.6 | of barrel. It is now up nearly 10 percent this year. And that has given fuel to the oil and gas |
| 1:10.0 | stocks. Check out these numbers. The XLE ETF up 14 percent since last Monday. The OIH even better. |
| 1:18.4 | Up 19 percent folks. That's this year. Many individual names up 15, 18 or then 20 percent |
| 1:26.3 | all just since January 3rd. In fact, energy stocks account for seven of the top eight names |
| 1:33.2 | so far in the S&P 500 this year. And there is a lot to talk about. So let's get right into it. |
| 1:39.6 | And we have to start here. Guy Adami because I don't host this show very much, but I do know this |
| 1:44.9 | enough. I'm here to know that you've been talking about Shlumber's A for a while. It has been your |
| 1:50.0 | final trade for a long time. So a big shout out to you Mr. Adami that SLB trade. Red hot this year. |
| 2:00.0 | Yeah, and listen, Tim has been on this as well without question. I mean, I think we've both been |
| 2:04.3 | back and forth. Not we've been steadfast, but we sort of take turns on the OIH. But let's talk about |
| 2:09.5 | the OIH real quick Brian. And by the way, I loved Harrison Ford and ET. I thought he killed it |
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