4.3 • 1.2K Ratings
🗓️ 6 July 2018
⏱️ 22 minutes
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0:00.0 | Fast Money starts right now. |
0:03.0 | Large from the Nasak market site overlooking New York City's Times Square. |
0:06.0 | I'm Melissa Lee. |
0:07.0 | Traders on the desk are Carter Worth, David Seaberg, Tim Seymour, |
0:10.0 | and special guest trader Gina Sanchez of Chantico Global and Trading Nation fame. |
0:14.1 | Tonight on Fast, it is hard out there for a bank, but the Chartmaster says there's one safe name |
0:18.9 | in the space. He'll tell us what that is and why it's going higher. Plus the Tesla Circus continuing this |
0:24.2 | week is bizarre tweets from Elon Musk send shares plunging 10 percent but |
0:28.0 | despite all the wild moves shareholders still love Musk. Why? It might have something to do with that whole watch what he does, not what he says thing. We'll explain. But first we start off with the markets in the best performing sector this week, health care up 3%. And with returns like this we don't need a |
0:44.4 | new drug hooey investors like the ones they have check it out by the |
0:48.8 | bigen soaring 20% today on positive drug trial data for general and, Gilliad, Selgene Merck, |
0:54.8 | all getting a boost this week. |
0:55.9 | So as a trade war and global growth concerns |
0:58.1 | heat up is health care, the ultimate hideout trade, Tim. |
1:02.4 | Well, I tell you what, I think it's a great sector. |
1:04.8 | If you're just looking at the bottom up fundamentals, |
1:06.6 | the earnings growth of the sector is around 20%. |
1:08.8 | I think you've taken some of the spotlight |
1:10.7 | from the negative regulatory front off these guys and at a time when people were worried |
1:14.3 | about trade kind of cross hairs, cross fires, whatever you want them to be. |
1:18.4 | Yeah, I think it is. I love biotech here. I own Gilead, I own Amgen. I think the IBM is still riding an uptrend from the first |
1:26.1 | quarter of 2016 and we kind of forget about biotech now and again and I think |
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