Retail Rockets Market Higher, But Will the Strength Continue 05/26/22
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 26 May 2022
⏱️ 44 minutes
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| 0:00.0 | Right now on fast rally on the street, the S&P up 4 of the last 5 days, the Dow, with |
| 0:06.0 | its best run in over 2 months, much of this move thanks to a retail revival and a rebound |
| 0:10.4 | in reopening stocks, but how confident should investors be that this consumer field |
| 0:14.6 | come back at legs. Plus, a mystery chart that one of our traders says could be assigned |
| 0:18.8 | that maybe the social stocks are overreacting to snaps big warning this week. And later, |
| 0:24.0 | fast money forecasting, the weather service predicting a rough hurricane season ahead, |
| 0:28.5 | up to 20 names, storms, and as many as 6 major hurricanes could this create a perfect storm |
| 0:34.0 | for the energy complex and an already battered supply chain. I'm Alyssa Lee, this is fast |
| 0:38.4 | money, lots of ads like MarketSide and the Hard Times Square on the desk tonight, |
| 0:41.9 | Tim Seymour, Karen Feinerman, Guy Damien, Pete Najarian, co-founder of MarketRebellion.com. |
| 0:46.9 | We start off with retail rocketing hires, shares of Dollar Tree, Macy's, Dollar General, |
| 0:51.8 | all gaining double digits after their earnings reports this morning. All three companies |
| 0:55.7 | raising their outlooks for the year, but is the consumer really as strong as these comments suggest? |
| 1:01.0 | Initial jobs claims, claims continue to trend upward with Microsoft and PayPal, the latest |
| 1:05.3 | companies to announce hiring slowdowns or job cuts. And while demand may currently be strong |
| 1:10.0 | consumers, may be retrenching to fund their purchases savings as a percent of income, |
| 1:15.8 | fell to under 6 percent in Q1 down from nearly 8 percent at the end of last year. So if stashes |
| 1:21.6 | of cash continue to dwindle, job security isn't so secure, we'll spending, stay strong. Guy, |
| 1:29.2 | what do you say? Hi, Melms. In certain areas, I think so, and we learned it today with Dollar |
| 1:32.7 | Gen and Dollar Tree. And you know, some operators are doing extraordinarily well, and others we saw |
| 1:37.2 | from Walmart and Target, not so much. I think those were one-off quarters for both of those. |
| 1:42.5 | I'm sure we'll talk about it. But in terms of these dollar stores, absolutely, and I think this |
... |
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