The Reopening Rally Rockets, and Time to Bet on DraftKings?

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.9 • 1.3K Ratings

🗓️ 5 November 2021

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Positive news for Pfizer’s Covid pill helping stocks climb to new records on Friday, but the real strength was in the reopening trade, with airlines, casinos, and cruise lines all rallying big time. How the traders are playing all these moves. Plus DraftKings ending the day down more than 2% after its earnings report. But one trader says it’s too early to fold your hand on the stock. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to Nasdaq, Microsoft, overlooking New York City's Times Square.
0:04.8	This is Fast Money.
0:05.8	I'm Melissa Lee.
0:06.8	Tonight's Trader Line of Guy Dom.
0:07.8	You see Grasso, Jeff Mills, and Nadine Termin.
0:10.0	Tonight on Fast, lighting up hot socks, soaring in the last hour of trading as one Republican
0:14.5	lawmaker makes a move towards decriminalization.
0:17.3	We will get the details and the trade.
0:19.1	Plus, draft kings riding a rollercoaster after its latest earnings report shares ending
0:23.1	the day down.
0:24.1	Two and a half percent.
0:25.1	The one trader says the market may be making the wrong bet what they are seeing for the
0:29.1	stock.
0:30.1	And a chipwreck won semi-stock, capping off its best week in more than two years.
0:35.3	We'll tell you which stock it is, what's behind the run and how you should play this
0:38.5	space.
0:39.5	We start off with the news that sends stocks to another set of record highs today.
0:43.2	Pfizer announcing his COVID pill cuts the risk of hospitalization or death by nearly 90 percent.
0:49.2	The news prompting former FDA Commissioner Scott Gottlieb to say this.
0:54.0	I think the bottom line is the end of the end of the pandemic.
0:57.2	At least as a relationship, the United States is in sight right now, given all the tools
1:00.6	we have to combat this disease.
	...

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.