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CNBC's "Fast Money"

Stocks Extend Their Rally and Uranium Prices Go Nuclear 11/6/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 6 November 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

The Nasdaq posted its seventh day of gains in a row, its best win streak since January, while the S&P and Dow also managed to start the week with gains. But is this breakout heading for a breakdown? We go off the charts with Katie Stockton to find some answers. Plus, uranium prices are at 15-year highs and one of our traders still thinks it’s going much higher from here. We lay out the case for the nuclear rally. Fast Money Disclaimer

Transcript

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0:00.0

Live in the Nasak market site in the heart of New York City's Times Square.

0:04.0

This is fast money.

0:05.0

Here's what's on tap tonight.

0:06.0

Looking for directions, stocks eeking out again after a seesaw day today.

0:10.0

The Nasak now up seven days in a row, its best run since January, but can the recent momentum drive

0:15.4

markets even higher to your end?

0:17.4

We are breaking out the charts to find out that this is a rally we should run with.

0:21.3

Plus, emerging opportunities. opportunities overseas markets have been

0:23.7

lagging the S&P so far this year but could they be ready to play catch-up?

0:27.3

Pack your bags for globe trotting with a Latin flare and later nuclear

0:31.8

gains uranium prices are at 15-year highs, but one of our

0:34.9

traders says they can still double from here. What it means for your investments in the entire

0:39.8

energy space. I'm Melissa Lee coming to you live from Studio B at the

0:43.3

Nasak on the desk tonight. Kim Seymour, Dan Nathan, Guyadami, and

0:46.7

Katie Stockton, founder and managing partner at Fair Leeds Strategies. We start

0:51.1

off with stocks, flying their way back into the green to kick off the week the

0:54.4

Dow adding 34 points the SFP up two tenths of a percent the Nasak leading

0:58.4

today's gains up nearly 0.4 percent the games muted though compared to last week's super strong rally. So the

1:04.6

S&P is now up more than 6% from its recent lows and close above its 50-day moving

1:09.7

average for the second day in a row. Now a wise woman once said, oh the wise woman is Katie

1:17.5

Stock did that nothing is worse than a false breakout but nothing is better

1:21.2

than a false break down.

...

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