The One Word to Describe the Markets, and Why Retail Traders Are Driving Into Tesla 1/23/23

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 23 January 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks rallied for a second day, with the Nasdaq seeing its best start to the year since 2001. But what does the market rally say to our traders? They each have one word in mind. Plus, retail investors are piling into shares of Tesla. What’s behind their interest, and will the bets pay off?

Transcript

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0:00.0	Right now and fast, a big rally to start the week, chips, fang, financials, industrial,
0:05.4	bitcoin, you name it, all heading higher.
0:07.3	We'll ask the traders what is the one word they would use to describe today's market
0:11.0	action.
0:12.0	Plus, topping the tape shares away fair, blowing up, ripping 25% today, and 80% this year
0:18.0	will go inside the street's big upgrades, driving the surge.
0:21.7	And later Tesla powering higher, the EV maker up roughly 40% from the lows that hit just
0:26.6	two weeks ago will break down who is driving the turnaround and how earnings will impact
0:30.9	Tesla's next move.
0:31.9	I'm Melissa Lee.
0:32.9	This is the fast one.
0:33.9	We're live at the Nasak market site on the death of the night, Steve Brasow, Courtney
0:36.7	Garcia, Dan Nathan, and Jeff Mills, and we start off with another rally to kick off
0:42.1	the week on Wall Street.
0:43.1	The Dow jumping over 250 points more than three quarters of a percent.
0:46.8	The S&P and Nasak seen even bigger gains with the tech heavy Nasak posting its highest
0:50.8	close since December 2nd.
0:53.2	Once the start of the year, it is up eight and a half percent.
0:55.6	The best start to a year since 2001.
0:58.4	Take a look at a couple names making massive rebounds off their lows.
1:01.2	Pinduoduo has more than quadrupled from its March bottom.
1:05.6	Netflix has more than doubled since May and video Moderna, Metta, also seeing big come
	...

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