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CNBC's "Fast Money"

Is the Market in a State of Euphoria, or Is it Delusional? 2/5/24

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 5 February 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Stocks were broadly down today, but Nvidia gained another 5% and recent high flyers have been largely holding their own. But with risks from the Fed and mounting job cuts, are investors too euphoric about the outlook? Plus Eli Lilly jumped to a new record ahead of its earnings. Will the results deliver the support to justify the stock price? Fast Money Disclaimer

Transcript

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0:00.0

Live from the Nasak Market site in the heart of New York City's Times Square,

0:05.0

this is fast money. Here's what's on tap tonight. The unstoppable stocks,

0:09.0

two of the biggest names and big tech getting even bigger this year,

0:12.0

and they're helping the so-called

0:13.4

mag seven cement their leadership in the market but does the rally have legs

0:17.3

will debate that plus healthy return shares of Eli Lilly

0:20.7

surging nearly 6% ahead of its earnings tomorrow.

0:24.0

Will the results deliver another shot to the arm

0:26.4

of this red-hot pharma stock, or has it come too far too fast?

0:30.0

And later, a cosmic move for a cosmetics company,

0:32.8

Geopolitical tensions away on a fast food giant,

0:35.2

and a media mogul confirms his interests in Paramount.

0:38.1

The headlines behind all these moves are coming up.

0:40.4

I'm Melissa Lee coming to you live from Studio B at the Nasak on the desk tonight Tim Seymour Dan Nathan Diadami and

0:45.6

Kristen Bitterly head of Investments of City Global Wealth.

0:49.0

Welcome Kristen.

0:50.3

On a day when the major averages close in the red we start off with what seems to be

0:54.0

unbridled euphoria in a handful of names take a look at chairs of

0:57.6

invidious surging almost 5% today the chipmaker stock is up 40% already

1:02.2

this year adding over half a trillion dollars in market cap in that time

1:06.8

Meta also on a hot street the Facebook parent jumping almost 15% in the past five sessions even with today's losing day.

1:13.8

The social media giant gained nearly $200 billion in market cap

...

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