4.3 • 1.2K Ratings
🗓️ 29 January 2018
⏱️ 45 minutes
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0:00.0 | It does Kelly and Mike thank you very much. Well, Melissa has a well deserved day off welcome everybody I'm Brian Sullivan your traders on the desk tonight |
0:08.0 | Tim Seymour Steve Grasso Brian Kelly and Dan Nathan. Now that's diversity. |
0:13.5 | Tonight, the scandal, Rocky Las Vegas, also hammering investors, |
0:17.2 | win resorts sinking nearly 20% |
0:19.6 | since that bombshell story on Steve Wynne came out. |
0:22.4 | We'll tell you what Wall Street is saying |
0:23.8 | about the future of the stock. Plus one top strategist calling it the great |
0:28.4 | crypto rotation and that could have Bitcoin back in the saddle again. |
0:32.5 | Tom Lee will be here to explain. |
0:34.7 | All that ahead, but first we begin with what appears to be a bit of a breakup. |
0:39.2 | Apple falling again. |
0:40.6 | It is one of the only two Dow stocks down this year and it seems to be diverging from the rest of tech. |
0:46.8 | The XLK, the tech sector ETF, one of them, up 7%. |
0:51.2 | Well Apple down about 1% in the same time period. |
0:55.0 | Apple has now lost about $50 billion in market cap in the past week. |
0:59.7 | All right, Tim Seymour, is Apple's rally over and if so can Tech rally without it? |
1:04.0 | Well, first of all, welcome Brian and Tech, |
1:05.8 | Tech has been rallying without Apple. |
1:07.3 | If you think about Amazon, Amazon's never been this overbought going |
1:10.3 | into their own earnings this week since 2007 roughly. |
1:13.3 | So if you look at where Apple is trading, |
1:15.3 | and again, just talking about positioning and market momentum, |
... |
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