Green Light for the Reopening? And the Retail Name One Trader Is Adding to Their Cart

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 1 October 2021

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets jumped on Friday after Merck announced strikingly positive results for its new COVID pill, but the real rally came in names tied to an economic reopening. So does the news signal that all’s clear for the market? Plus after the recent rout in the retail sector, one trader is finding opportunity in a beaten down name. We’ll tell you why. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Life in the Nasdaq Market is overlooking New York City's Times Square.
0:04.6	This is Fast Money.
0:05.6	I'm Melissa Lee.
0:06.6	Tonight's Trader lineup.
0:07.6	Tim Seymour, Karen Vitamins, C. Grasso and Nadine Termin.
0:10.1	Tonight on Path.
0:11.1	We've got our retail trade alert, Karen hitting the buy button on one beaten down name
0:15.0	what it is and why she's betting on a rebound.
0:17.3	Plus, Disney delivers the stock of rallying.
0:19.8	4% today is one-top analysts because even more bullish on Disney Plus will break down
0:24.2	that trade.
0:25.2	And later, Bitcoin is breaking out the crypto surging yearly 10%.
0:28.6	We'll tell you how our traders are playing this big move.
0:31.1	But we start off with a major market moving milestone from Merck, the drug giant posting
0:34.9	its best day in more than five years after announcing a big breakthrough in the fight
0:39.1	against COVID.
0:40.1	Merck says its new anti-viral pill reduces the risk of hospitalization or death by around
0:45.8	50% for some COVID patients.
0:47.8	And while that news certainly helped the broader markets take a look at what it did for
0:50.6	some of the reopening plays, live nations are more than 8% airlines, casinos, cruise
0:55.6	lines.
0:56.6	They all jump too.
	...

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