meta_pixel
Tapesearch Logo
Log in
CNBC's "Fast Money"

Stocks Hit Record Highs To Kick Off March Trading… And The Bull Case For Eli Lilly 3/1/24

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.91.3K Ratings

🗓️ 1 March 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

The S&P and Nasdaq both hitting a record high as March trading gets underway, and the Nasdaq managed to get there without much help from Apple. So can tech continue its run without the titan? Plus… Lilly getting some big love on Wall St. Analysts at Bank of America slapping a $1000 price target on the name. So will the weight loss surge keep this stock tipping the scales? Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

The Nazzak kicking off March with the new intraday high topping its previous best level

0:05.7

set in November 2021 and we're coming to you live with the action from the Nasak market site

0:10.4

in the heart of New York City's Times Square. This is fast money. Here's

0:13.6

what's on tap tonight. Rused Apple, while markets seem to hit one record

0:17.3

after another, the long time biggest company in the world is not coming

0:20.9

along for the ride. What's it mean for the tech giant and for the strength of this rally?

0:24.7

Plus Old Dell, new tricks.

0:26.6

The legacy tech company soaring to all-time highs

0:29.2

after its latest earnings report showed surging demand for its AI servers, how the news could

0:34.1

shake up the competition in the space, and later vaulting Viking shares the

0:38.1

biotech company more than doubling this week as its weight loss drug promises some serious competition for the big

0:44.1

players. Could the positive results mean an acquisition is in its future we'll

0:47.9

dive into the options pits for some answers. I'm Melissa Lee come to you live

0:51.6

from studio be at the Nasac on the desk tonight Tim Seymour

0:54.0

Steve Grasso Courtney Garcia and Guy Adami. We start off with that record breaking start to

0:59.2

march the Nasak jumping more than a percent notching its first record intraday high since before

1:04.2

Thanksgiving 2021. The Tech Heavy Index closing just below 16,300. The S&P also

1:10.6

marking all-time highs putting in its 15th record closed since January 1st, but there has been

1:15.7

one notable name sitting out of this market rally.

1:18.8

Apple posting another loss today and is now down nearly 10% since hitting its record in mid

1:24.8

December. So whatever happened to that old idea that we like to say, bandy around

1:29.4

here, that markets could not go higher without Apple.

...

Please login to see the full transcript.

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.

Copyright © Tapesearch 2026.