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CNBC's "Fast Money"

The Trade That Made Us Go “Hmm…” And Countdown to Netflix Earnings 4/17/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 17 April 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Commercial real estate has taken a beating in the wake of the banking crisis, but one of our traders says it might be a case of “so bad it’s good.” We lay out the case for a few Office REITs that may be worth a look. And it’s been a year since Netflix reported its first subscriber loss since 2011. How’s it fared since then? Fast Money Disclaimer

Transcript

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0:00.0

Right now in fast fears, building about the trouble ahead in the $20 trillion commercial

0:05.8

real estate market with office space in major cities sitting empty.

0:09.0

The economy is slowing in prices for many of the major reeds getting rock.

0:12.6

It has one of our traders wondering if the sector is so bad, it's good.

0:16.8

Plus search substitute shares of alphabet falling on worries that Samsung could hang up

0:20.9

on Google and switch to being for its mobile phones.

0:23.8

What kind of dent would this have on alphabet search dominance?

0:27.0

And later marks $11 billion biotech buy towards some slush related surge and Netflix chilled

0:32.6

ahead of tomorrow's results.

0:34.0

I'm Melissa Lee.

0:35.0

This is Fast Money Life in the Nasdaq Marketside Full House here tonight.

0:38.1

Steve Grasso, Karen Feinerman, Dan Nathan, and Tim Seymour.

0:41.4

We start off with that trade that made us go, hmm, someone on this desk dipping their

0:45.8

toe in the much beaten down office reeds space buying small stakes in a couple stocks that

0:51.0

have already been hit hard this year for NATO Realty and Boston properties.

0:55.4

So both were up to date, they've each lost more than 20% in 2023, the two worst performing

1:00.6

reeds in the sector, in fact.

1:02.3

And both face continued headwinds from the regional banking crisis in the looming recession.

1:06.9

So Karen, what sparked your interest in these two?

1:11.2

Well, just so bad, it's good.

1:13.4

Like if you thought, where should I short something now?

1:16.2

This would come first to mind, right?

...

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