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CNBC's "Fast Money"

Stocks Look To Close Out A Strong September… And GE Vernova’s Big Run Higher 9/27/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 27 September 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

One trading day left in September, and stocks are looking to close out a winning month.Where investors are putting their money to work, and how they’re shrugging off the traditionally weak month. Plus GE Vernova on a wild run ever since spinning off from GE Aerospace. Where one analyst sees that stock heading next, and if you can still capture some gains in the name. Fast Money Disclaimer

Transcript

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0:00.0

Live from the Nazac Market site in the heart of New York City's Times Square, this is

0:06.0

Fast Money. Here's what's on tap tonight.

0:08.0

Countdown to Q4. The Dow setting another record close with major indices all look to buck the trend of a down September.

0:14.1

How socks are setting up as we kick off a pivotal fourth quarter and problems at the

0:18.3

poor longshoreman preparing to strike across the eastern seaboard.

0:22.0

What it could mean for trade and how someone on

0:23.8

this desk is playing the action? Plus Tesla revs up ahead of its delivery report, a breakthrough

0:29.1

in the treatment options for schizophrenia, and a self-power play that is beating every member of the MAG 7

0:35.0

this quarter by a lot.

0:37.0

We'll tell you what it is and how to play it.

0:38.6

I'm Melissa Lee coming to you live from City of Be at the Nasak on the desk tonight.

0:41.5

Tim Seymour, Steve Brasso, Julie Beel, and Mike Co.

0:44.6

We start off with a winning run for markets with just one trading day left in September.

0:49.4

Investors seem to be struggling off concerns over what's been a traditionally week month.

0:54.2

The Dow jumping nearly 2% so far in September, closing today at another all-time high.

0:59.0

The S&P and Nasak both down today, but up solidly for the month all three indices

1:03.1

pacing for their first September gain since 2019 and the big winners may

1:08.2

surprise you the discretionary and utility sectors leading the pack

1:11.2

while energy and health care trail behind

1:13.7

one big catalyst a central bank easing from the US to China driving the gains

1:18.4

and today another sign suggesting more rate cuts to come the Fed's preferred preferred inflation gauge, PCE, coming in lower than

1:24.3

expected for September, moving closer to the Fed's 2% target. So as we get ready to kick off the final

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