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CNBC's "Fast Money"

Netflix’s Breakout Week, and What One Trader Says is the Biggest Story in the Market Today

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 3 September 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

Shares of Netflix have risen in 15 of the last 16 trading sessions and are sitting at all-time highs. But can the rally go even higher from here? The Chart Master lays out his case. Plus why Japan’s market hitting a 30-year high is the biggest story of the day, according to one of our traders.

Transcript

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0:00.0

Life in the Nasdaq market said overlooking New York City's Times Square, this is Fast

0:05.6

Money.

0:06.6

I'm Melissa Lee.

0:07.6

Tonight's Trader Line of St. Grasso, Bono and Ice, and Nadine Termin and Brian Kelly.

0:10.9

Tonight on Fast, the Big Miss, Stock Shrug is today's jobs number.

0:14.6

Disappoints are breaking down what it means for this record rally, plus a big bank buzz

0:19.1

killed the financials, fumbling to hand in its worst week in more than a year.

0:22.9

The name and the trade straight ahead.

0:25.4

And later, one of our traders is calling this the most important story in the market

0:29.2

right now.

0:30.2

We'll tell you what just happened overseas and really got their attention.

0:34.2

But we start off with a blockbuster week for Netflix, the streaming stocks seem

0:38.2

unstoppable.

0:39.2

Netflix shares are 15 of the last 16 trading sessions, and the chart master says this

0:44.4

record rally is just getting started.

0:47.0

Let's get to cornerstone, macros, Carter Bracks, and worth to lay it all out.

0:50.3

Hey Carter.

0:51.6

Right.

0:52.6

Well, so if you think about obviously the last many days have been very positive, and yet

0:57.4

the stock has made no progress in essentially a year.

1:00.8

So those are two things that juxtaposed against one other, almost make no sense.

1:04.9

A sort of a multi-day rally, and yet you've made no progress in a year.

...

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