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CNBC's "Fast Money"

Markets Cap Off Best Week Since July, and a Transportation Trade that Could Keep Chugging Higher

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 9 October 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

The S&P and Nasdaq posted their best week in three months as stimulus hopes lifted markets again. But will markets keep their momentum going into the new week. Plus could railroads be a real opportunity for investors, even as the transportation sector is trading at all-time highs? And how to play a potential deal between AMD and Xilinx.

Transcript

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0:00.0

Thanks, Wilfred and Sarah. I'm Dominic Chuin from Melissa Lee, and this is the big show Fast Money.

0:06.0

Tonight's Trader lineup, you've got Jeff Mills, Steve Grasso, Bono and Eisen, and BK Brian Kelly.

0:12.0

Tonight, on Fast, a semi- Ewan Eisen and B. Kie, BK. Brian Kelly.

0:13.0

Tonight, on Fast, a semi-charged kind of deal.

0:16.0

Zylink Shear shooting higher on some mega merger news,

0:20.0

those full details, and how to play it, that's coming up straight ahead.

0:23.0

Plus it's our call of the day.

0:25.0

Goldman Sachs says by General Electric.

0:28.0

Find out if our traders agree that stock up 3% today

0:31.0

and later on pack your bags because we are riding the rails.

0:35.7

Why now could be the perfect time to get on board with the train stocks.

0:40.4

But we will start first with a strong finish to a strong week stocks pushing higher again today on renewed hopes, yes hopes, that a stimulus deal may finally be on the way.

0:51.6

The S&P gaining 8 tenths of a percent to close out its best week since early

0:56.4

July and the strength was pretty broad-based. Look there. You've got semiconductors, home

1:02.1

builders, retail, health care, transportation stocks,

1:06.6

all of those ETS attract those hitting some record highs in today's session.

1:11.0

But we are about to kick off earning season as well. So let's pose this

1:15.2

question to you Steve Grasso. How are you positioned heading into a week and

1:21.0

few weeks and maybe a couple of months full of microeconomic company specific

1:27.0

catalysts.

1:28.0

So, Dom, I was a little bit early to start the rotation myself into the value trade out of tech.

1:39.0

And now when we see that the chances of a Biden win are increasing, you're starting to see a reflation

...

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