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CNBC's "Fast Money"

From Worst to First...to Worst. Trading the Pullback in the Energy Sector

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 15 July 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

After a decade of underperformance, oil and energy stocks kicked off 2021 with a bang, rising more than 30% to start the year. But it’s seen a sharp pullback in Q3 and is so far the worst sector in the S&P. Veteran oil expert Paul Sankey joins us with his take. Plus chip stocks seeing their worst day in two months after Taiwan Semi reported results. We’ll dive in to what’s next for the space.

Transcript

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0:00.0

Tonight, on Fast Money, a semi-smack down, the chip stocks getting crushed.

0:07.8

But does that mean opportunity for you?

0:09.6

We're going to break down how our traders are playing, the big pullback, Netflix, raising

0:14.9

its game, literally.

0:16.2

Well, the company just did that got a lot of investors interested.

0:20.4

Later on, a bit of a birthday buzzkill, Twitter happy birthday, you're 15 years old today,

0:27.0

but it was hardly a party for investors.

0:28.9

In the headland, it took more than one and a half billion off Twitter's market cap coming

0:33.6

up.

0:34.6

But welcome, everybody.

0:35.6

It is another big show tonight, or this afternoon, if you're on the West Coast, I'm

0:39.0

Brian, and once again, from Alissa, and your trader lineup on this Thursday, Tim Seymour,

0:44.2

Nadine, Turmin, Dan Nathan, and Guy Adami.

0:47.4

We're going to start with something a little different today, guys.

0:51.4

Not the macro market, something a little more near and dear, perhaps, to my own heart.

0:55.9

And that is oil, because we had a big warning for big oil.

1:00.3

Listen to what Kramer had to say about crude oil earlier today on Squawk on the street.

1:06.8

We're going to see maybe a million barrels back in the Permian, and the economy is not

1:11.6

going to be able to handle it.

1:13.2

The economy doesn't have that much demand, so they'll be a tipping point supply.

1:17.0

I'm calling the top right here in oil.

1:21.2

Big call by Jim.

...

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