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CNBC's "Fast Money"

The Most Important Stock In The Market … And A ‘Would You Rather?’ For 2024’s Winner & Losers 2/23/24

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 23 February 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks wrapping up a huge week… as Nvidia’s powerhouse report boosts the rally even further. But one of our traders is eyeing a different semi stock that could be the most important chart in the market! Plus… we’re just a few months into 2024, but should you stick with the biggest winners so far? Or take a chance on some of the names who’ve yet to lift off? Fast Money Disclaimer

Transcript

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0:00.0

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

0:05.8

This is fast money and here's what's on tap tonight.

0:08.6

Another set of records on Wall Street, the S&P rising above the 100 market, 150, 100 market there for the first time ever.

0:17.5

While the Dow added another 60 plus points, the NASDAQ hit the highest level since November of 2021 before the day ends in the red.

0:27.0

But will the winners that propel the week's gains keep the rally running into the new week?

0:31.0

We'll debate that coming up. Plus, stealthy staples, the group quietly

0:35.5

posting economy-sized gains and the leading, leading to major S&P sectors this week, even beating out big technology by the time

0:44.4

things were done, are these stocks you should well, you know, stock up on.

0:48.5

And then later on another Friday night edition of Would You Rather, this time we're pitting this year's big market winners

0:55.0

against their underperforming rivals.

0:57.6

If you had to pick just one, which would it be?

1:00.6

The traders lay out their choices.

1:02.1

I'm Dominic Chuin from Melissa Lee tonight coming to you.

1:05.0

Live from Studio B at the NASDAQ Market site on the desk tonight, Tim Seymour, Carter Braxtonworth, Bono and Eisen and Mike Coe, you can see there, but first we're going to start with what might be the most important stock in the market, and no, it's not NVIDIA.

1:21.0

Sure, NVIDIA's had a big week.

1:23.2

The stock touched a $2 trillion market cap level for the first time today on continued

1:28.2

followed-through from its blowout earnings.

1:30.3

The company is seeing data center revenues more than quintuple in the latest quarter and gave such strong guidance that one analyst raised his target price to $1,400 a share.

1:42.1

That's over 75% more upside from here.

1:46.0

But a smaller semiconductor stock

1:47.6

might be even more consequential,

1:49.0

at least according to one of our traders.

...

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