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CNBC's "Fast Money"

Is Apple the Teflon Tech Stock? And the Latest Moves in the Weight Loss Drug Space 6/26/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 26 June 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Shares of Apple touched another record high today, even as one-time high-fliers like Tesla and Nvidia give back recent gains. So why is the iPhone maker able to keep trucking higher? And what does its strength say about the rest of the market? Plus Eli Lilly getting some positive results for its oral weight loss treatment, while Pfizer abandons its efforts in the space. We dig in on the weight loss battle, and how the biggest players stack up. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Right now and fast, a Google Glitch shares a valve about taking a tumble after one

0:05.4

analyst raised a red flag over the costs of AI.

0:08.3

What the move says about the investment opportunities in the space.

0:11.1

Plus, the weight loss wars heat up as Pfizer exits the ring and lily ups its game how the

0:16.1

primary players are positioned now and how you should play this sector.

0:20.0

And later, Rush sees for carnival some clarity on lucid latest deal and one big developer

0:24.4

is moving out of park avenue.

0:26.2

The stories and the trades behind the stocks are coming up.

0:28.4

I'm Melissa Lee.

0:29.4

This is fast money.

0:30.4

We're live with the Nasdaq market site on the desk tonight.

0:32.0

Karen Feiner and Dan Nathan, Guy Adami and Julie Beale.

0:35.3

We start off with the seemingly unstoppable apple.

0:38.2

The stock hitting a fresh record high during the session today.

0:41.1

The third day in a row that it's done that while the stock close off the levels, it has

0:44.6

risen as much as 3%.

0:46.2

Even after Jerome Powell seemed to take the wind out of the sales of the big tech trade

0:49.9

in his congressional testimony last week.

0:52.1

The same cannot be said for some of the other growth stocks though.

0:55.3

Melissa, for example, down nearly 13% for Wednesday highs and Nvidia has shed almost 8%

1:01.3

in the last week.

1:02.3

So, we have asked this question before, at least once, if not twice or three times or ten

...

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