One of the Worst Stocks in the Nasdaq 100 and a Stark Warning on the Housing Trade. 03/30/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 30 March 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

With just one day left in the quarter, Netflix is on pace for its worst 3 months in a decade. But is there a reason for hope in this name, or should investors chill? Plus RH’s CEO invoking the ghost of Bear Stearns on his earnings call. What he said that could mean big trouble for the housing market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0	Live in the Nasdaq Market site overlooking New York City's Times Square.
0:05.8	This is Fast Money.
0:06.8	I'm Melissa Lee.
0:07.8	Tonight's Trader lineup.
0:08.8	Tim Seymour, Karen Feinerman, Jeff Mills, and Bono and Ice in a head-on-pass.
0:12.2	Apple doesn't want anyone taking bites out of their Apple.
0:15.0	The tech giant Amy to become its own financial firm for its coming hardware subscription
0:19.8	business and more.
0:21.0	The fallout for Fintech coming up plus chairs of our age getting crushed and dragging
0:25.1	down names like Wayfair and William Sonoma, the CEO's unvarnished take on the challenges
0:29.1	ahead and a reference to the big short raddling investors.
0:33.2	And later Intel CEO Reckonian over $178 million in its first 11 months on the job.
0:41.1	Stock is down 17% since he started should investors the outrage by this massive payday.
0:45.7	But will time prove that he is worth the money?
0:49.0	We start off with a struggling streamer, shares of Netflix dropping more than 2.5% today.
0:53.1	And with just one day left in the quarter, the stock is the second worst performer in the
0:57.8	Nasak 100 just behind PayPal, down more than 36% this year.
1:02.4	That puts Netflix on pace for its worst quarter in a decade.
1:06.0	It has lost nearly $100 billion in market cap so far in 2022.
1:11.5	It appears 27 Oscar noms haven't been enough to get the stock moving higher.
1:15.1	So is the time to chill on Netflix?
1:19.6	Team you're in this one.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.