The War Trade is On – But Broad Markets Shrug

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 28 February 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Defense stocks, cyber names and energy plays all rallying in a big way on Monday as the Russia/Ukraine conflict wages on. But despite closing well off their lows of the day, the broad markets were essentially flat. The traders break down what this means for the market. Plus have COVID fears been put to rest for good in the market? Fundstrat’s Tom Lee joins to tell us why he thinks stocks may have put in their bottom for the year. 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	Live from the Nasdaq Market, I'd overlooking New York City Times Square.
0:04.8	This is Fast Money.
0:05.8	I'm Melissa Lee.
0:06.8	Tonight's Trader Line up.
0:07.8	Guy Dami, Tim Seymour, Karen Finerman, and Pete Najarian, co-founder of MarketerBellion.com.
0:12.3	Tonight on Fast, the low is locked in.
0:15.0	That is the message tonight from Fund Struts, Tom Lee, why he thinks the worst of the selling
0:19.3	is over for the near term.
0:20.7	Plus, we're all over the after-rows action and shares a Zoom video, the sock off its after-rows
0:24.9	lows on earnings.
0:25.9	But the company's call just getting underway will break down the latest from the quarter
0:29.7	and later.
0:30.7	We're trading target.
0:31.7	The retailer gearing up results tomorrow, how our traders are positioned heading into
0:35.3	that print.
0:36.3	We start off with the war trade kicking into high gear.
0:39.0	Take a look at some of the groups seeing big gains today, defense stocks, like L3, North
0:43.4	Earth Lockheed Soaring, as a Russian Ukraine conflict rages on.
0:47.3	Oil names.
0:48.3	Also in rally mode, energy the best performing sector in the S&P 500, oxy Devon EOG leading
0:53.2	the way.
0:54.2	In cyber security stocks, surging to his investors' brace for Moscow to retaliate against sanctions
	...

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