4.3 • 1.2K Ratings
🗓️ 19 June 2020
⏱️ 69 minutes
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| 0:00.0 | Fast money does start right now. I'm Melissa Lee. Tonight's Trader |
| 0:04.4 | Lennett lineup, Jeff Mills, Pete Nigerian, Bono and Eisen and Mike Co. Tonight |
| 0:08.2 | on Fast, a major reversal hitting market today as signs point to some speed bumps in this road to reopening |
| 0:14.2 | the Chartmaster breaks down what he sees on the horizon. Plus slacking off why the work |
| 0:19.1 | from home darling may not be able to cut it against a much larger competitor. |
| 0:23.0 | And later on options action, the Fed adding a new layer to its bank stress test |
| 0:27.0 | how the sector will hold up against the backdrop of the coronavirus. |
| 0:30.0 | But we start off tonight with Apple, dropping sharply from all-time highs |
| 0:33.7 | after news it was re-closing stores an area seeing an uptick in COVID cases. |
| 0:38.2 | This comes at the end of a week when analysts were becoming increasingly bullish on |
| 0:42.1 | this stock. There was RBC upping its price |
| 0:44.5 | target to 390 bucks saying the company is in a league of its own when it comes to share buybacks. |
| 0:49.6 | Citigroup came out with a then street high price target of $400 on potential for Apple's yet to be released |
| 0:55.3 | 5G iPhone and its services business. |
| 0:58.0 | And today a new street high from Jeffries, who thinks the stock can go another 15% higher from here. |
| 1:05.8 | So what do we make of this bullishness, especially as there are still uncertainties |
| 1:09.1 | about this U.S. economy? |
| 1:10.6 | Pete Nigerian, what do you say? Well, I can understand the bullishness, Mill, just because of the fact that there are so many |
| 1:16.8 | different verticals that Apple actually can tap into. |
| 1:19.6 | So we're talking about services, we talk about wearables all the time, the Mac which is almost a forgotten |
| 1:24.1 | continues to be something that's very strong so there's so many different verticals |
| 1:28.3 | that they've got but when you start closing down stores obviously there's going to |
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