Investors Count Down to Retail Earnings and Is It Time to Buy Regionals? 5/12/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 12 May 2023
⏱️ 23 minutes
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| 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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