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CNBC's "Fast Money"

Investors Count Down to Retail Earnings and Is It Time to Buy Regionals? 5/12/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 12 May 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

Stocks ended the week in the red, but will next week’s retail earnings reports give markets a consumer-led boost? Or will continued concerns over the banking crisis and debt ceiling weigh on investors. And speaking of banks, regional stocks fell another 5% this week. But a couple of traders think it might be time to start dipping your toes into the names. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Right now on fast stocks, closing out the week with another round of losses as investors

0:05.7

await the kickoff of retail earnings next week will it be the consumer to the rescue?

0:10.6

Or will concerns over the banking sector and debt ceiling uncertainty continue to

0:14.5

weigh across the board on markets plus to the penny.

0:17.8

The chart master has been spot on with his calls on where shares of Apple are heading.

0:21.9

What are you saying you should do with the iPhone maker stock now?

0:24.4

We're diving into the charts to find out.

0:26.8

And later, it's Friday, which means we've got a chart a week for you, not one, but two

0:31.1

of our traders see a buying opportunity here.

0:33.6

So should you dip your toe into?

0:35.8

I'm Courtney Reagan in this evening for Melissa Lee.

0:38.0

This is Fast Money Life from the Nasdaq Market site in the heart of Times Square.

0:41.9

On the desk tonight, we have Tim Seymour, Steve Grasso, Guy Dommie, and Jeff Mills.

0:46.6

It's wonderful to be here with you, gentlemen.

0:48.2

Tonight, we are going to start with another day of losses to end of all the week despite

0:52.0

an attempted rally late in the day that outclose lower for the ninth time in the last

0:56.1

10 sessions.

0:57.1

The S&P and the Nasdaq also ending in the red.

0:59.8

The weakness comes ahead of a big week for retail earnings on tap Home Depot, Target,

1:04.3

TJX, Walmart, and Foot Locker, a key piece of data out today already flashing warning

1:09.5

signals though.

1:10.5

An early reading from the University of Michigan, finding consumer sentiment, felt more than

...

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