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CNBC's "Fast Money"

The Stocks Impacted by a Higher Minimum Wage and Going Beyond the Bottom Line for Earnings

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 25 January 2021

⏱️ 47 minutes

🧾️ Download transcript

Summary

President Joe Biden signing an executive order on minimum wage for federal workers. But how would a broad increase impact consumers and the companies that employ them. Plus a big week ahead for earnings. We go beyond the bottom line to find what our traders are most closely watching. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

I'm Melissa Lee and this is Fast Money tonight's trader lineup Guy

0:04.7

Tim Seymour Karen Finerman and Pete Nigerian tonight on Fast the

0:08.2

Reddit Rebellion Game Stop Blackberry I robot AMC all blasting off as an army of retail traders take to

0:15.1

Reddit and pile into these names will break down what is fueling this

0:18.1

frenzy straight ahead. Plus we're getting ready for a huge slate of earnings so that

0:21.9

got us in the mood for a good old

0:23.3

fashion game that traded or faded. Find out which names are traders are betting on

0:27.3

his results roll in and later call it a burrito bowl. The big news out of

0:31.4

Chipotle that could be a total touchdown for investors but we

0:34.9

start off with a record rally for Apple shares heading an all-time high ahead of

0:39.1

its earnings report on Wednesday the stock now up 80% in the past year.

0:44.0

Do you buy this ahead of the report?

0:48.0

Tim, you're shaking your head.

0:50.0

I barely got the question out of my mouth.

0:54.8

It was really more just the extraordinary move here and there was a couple upgrades and there's

0:59.1

a sense here that actually cell-side consensus is light relative to the buy side who's probably 10% higher both on revs and EPS.

1:07.0

The multiple on a forward 12 month is now 31 times.

1:12.0

And yet, look, I think there's a lot of levers for the company to pull here, and I don't think they really care about

1:19.2

pulling levers, but their services revenue is really, know settled into this high teens growth

1:25.7

rate the App Store apparently is going to do 20 billion calendar fourth quarter

1:30.3

which is going to be up you know 45 percent or so and so these are the drivers to me if you

1:35.2

think that this has been a full transition to really a services-based earnings

...

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