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CNBC's "Fast Money"

Reddit’s Next Target: Pot Stocks. The Names that Could be in Focus Now

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 10 February 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

Shares of Tilray surging again Wednesday as Redditors seemed to find a new short-seller favorite to focus on. So what names could be caught up in the frenzy, and how will the trend play out. Plus earnings from Uber and MGM, and the ultimate safety play may not be what you think. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

I'm Melissa Lee, and this is Fast Money.

0:03.2

Tonight's Trader Line up, Guy Adam,

0:04.6

you Tim Seymour, Karen Feynman, and Bono and Ison.

0:06.7

Tonight on Fast, we're tracking the after hours action

0:09.2

and shares of Uber and MGM.

0:10.6

Both stops on the move on earnings will break down

0:12.5

the numbers straight ahead.

0:13.9

Plus the ultimate hedge, one top technician lays out

0:16.5

six charts to trade right now with stocks hitting

0:19.1

all time highs.

0:20.2

And later looking for a few good redditors,

0:22.4

this job posting for one hedge fund

0:24.4

that is a true sign of the times on Wall Street.

0:26.9

We start off with a refurb madness,

0:28.7

the postdocs, lighting up today as the Reddit Rebellion

0:31.5

takes aim at the cannabis trade.

0:33.6

Just take a look at some of these names,

0:35.2

Tillray, Cronos, Afria.

0:36.9

Cannot be all blazing higher in today's session.

0:39.4

Let's get right to Frank Holland with more

0:41.2

on these wild moves, Frank.

0:44.3

Hey there, Melissa, you've left out one

...

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