Right now on fast, Walmart gets a wall up. The world's biggest retailer seeing its

worst day since 1987. After posting a historic earnings miss, what that says about the

strength of the consumer and what it could mean for the markets. Plus, the semi-surge

one chip stock getting a big bullish call from Wall Street, and that is helping the

rest of the group rebound. Can the sector sustain the rally? We'll look for some answers.

In Fintech Baves, one top analyst says it is time to buy into the beaten down sector.

The reason for his call and his top picks coming up. I'm Melissa Lee. This is fast money life

in the Nasdaq market. It's in the heart of Times Square on the desk tonight.

Guy Tommy, Tim Seymour, Steve Grasso, and Karen Feinerman. We start off with two very different

tales of the consumer. Retail sales data painting one picture was spending up more than expected

in April as demand remains strong despite rising prices. The news helping markets rally,

the Nasdaq got more than 2.7 percent today. A different picture, though, out of Walmart,

the stock plunging to its lowest level in over a year. After posting its biggest earnings

miss since at least 1992, the stock cutting 130 points from the Dow. So which side

is giving us the true read on the consumer and what could it mean for the markets?

Karen, there are some pretty staggering and unwallmart-like numbers in this, like the 32 percent

inventory overhang that the retail is seeing. Yeah, that 32 percent inventory. I mean,

Walmart really shot themselves in the foot and then seemed to like drop the gun and it went

off again and shot them in the shin and then the knee. They had a lot going wrong this quarter.

That 32 percent inventory, I still don't exactly get it. We know they cited some things like

landscape and patio furniture that maybe that's expensive inventory. They also talked about gas

prices, which okay, maybe that's so. Then they talked about this odd thing and I wonder if we'll

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