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CNBC's "Fast Money"

Fast Money 09/04/18

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 4 September 2018

⏱️ 45 minutes

🧾️ Download transcript

Summary

Listen To Our Traders Take You Behind the Money...How To Play the Volatility...Pops and Drops: The Movers You Missed.

Transcript

Click on a timestamp to play from that location

0:00.0

Fast money starts right now. Live from the NASDAQ market site overlooking New York City's Times Square.

0:05.7

I'm Melissa Lee. Traders on the desk are Tim Seymour, Karen Feinerman, Steve Grosso and Guyadami.

0:10.1

Tonight on Fast stocks kicking off the new month with a bit of a whimper but a top

0:13.9

strategist says don't fear the September swoon. Plus the CEO of

0:17.5

Controversial Potstock Kronos Group will be here to talk about the

0:20.6

cannabis craze and why he says the short sellers are getting it all wrong.

0:24.5

But first we start with amazing Amazon.

0:27.4

Somewhere CEO Jeff Bezos is smiling, maybe even laughing as the company becomes the second

0:32.0

one ever to hit a trillion dollar

0:33.6

valuation coming in right behind Apple a month ago and the stock looks to be on an

0:37.7

unstoppable run in 2018 up a whopping 75% adding more than $430 billion in market cap.

0:45.0

So do you just keep buying Amazon and will these tech titans carry the market on its shoulders

0:50.7

guy?

0:51.7

Leading with Aerosmith is fantastic so by that alone you should continue to buy Amazon

0:57.1

but I'll say this and Tim might actually agree with this we've been pretty

0:59.9

constructive on Amazon for quite some time but now you're looking at a point where on a

1:03.7

relative strength index it's pretty much ahead of its skis now that's not to say the

1:08.7

stock is going to collapse the stock can trade sideways and that relative strength index can come back to levels that

1:13.9

actually make sense but I think at these levels it's gotten a little bit ahead of

1:18.1

itself and I wouldn't be surprised to see over the next month month and a half this

1:21.4

stock trade sideways is slightly lower.

1:23.4

Well what concerns me is just the portion of the markets move that's been contained in

...

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