Stocks Rally Ahead of Busiest Week of Earnings, and a Chinese EV Maker Locks in Its Best Week of the Year 7/28/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 28 July 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Major markets resumed their rally as better than expected inflation data calmed fears over how far the Fed will still go. But with Apple and Amazon headlining next week’s earnings calendar, will earnings strength keep the momentum going? Plus Xpeng Motors was up more than 60% this week, thanks to a deal with Volkswagen. What will that mean for Tesla and others in the EV space? Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Right now in fast, the rally reignited.
0:03.6	So I was closing out the week with big gains,
0:05.4	recieving much yesterday's streak, breaking losses.
0:07.9	The S&P announced that gone pays supposed their fifth straight month of gains
0:11.4	with more than $10 trillion worth of S&P companies set to report next week.
0:15.8	Can this momentum continue?
0:17.4	Plus, emerging opportunities.
0:19.3	The chart master says he is a buyer of overseas stocks.
0:22.6	We'll take a trip around the world to find out where he is most optimistic.
0:26.0	And speaking of opportunities abroad, one Chinese stock just closed out its best week
0:29.7	of the year.
0:31.0	What is behind this move?
0:32.0	And can it go even higher from here?
0:34.0	The bigger wheel coming up.
0:35.3	I'm Melissa Lee.
0:36.3	This is fast money.
0:37.3	We're live with the Nasak Market site on the Destinite St. Grasso, Courtney Garcia,
0:40.3	Bono and Eisen, and Tim Seymour.
0:42.4	And we start off with a rally on Wall Street to end the week.
0:44.8	The Dow now up 14 out of the last 15 trading days.
0:48.0	The S&P had its highest close since April of last year.
0:50.9	The Nasak scene is best session.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.