Three Surprising Spots of Strength in the Market, and Why a Spinoff is Better than an IPO 3/28/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 28 March 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Major markets were down today, but a couple sectors showed some unexpected strength. We dig in on the green shoots we’re seeing, and whether their resilience can keep up. Plus shares of Alibaba surging after a major break up. One expert weighs in on the company’s strategy. Fast Money Disclaimer

Transcript

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0:00.0	Right now and fast, green shoots in a down market, despite rising rates, stubborn inflation
0:06.3	and a banking crisis, three sectors that are not only surviving, but thriving.
0:10.6	Plus, another winner will go inside the numbers at McCormick.
0:13.7	Can you still profit with paprika and ground pepper?
0:16.9	Later on, Boba Breakup, the Chinese e-commerce giant, planning to split into six different
0:21.6	units.
0:22.6	Could this lead to more companies following in their footsteps?
0:25.3	I'm Carl Keatonia in from a list of lead.
0:27.1	This is fast money.
0:28.1	Live from the NASDAQ market site on the desk tonight, Tim Seymour, Karen Feinerman,
0:31.9	Guy Adami, and Jeff Mills.
0:33.5	Nice to be back.
0:34.5	Thank you.
0:35.5	Thank you.
0:36.5	Thank you.
0:37.5	This is our luck.
0:38.5	We got some surprising spots of strength in these markets today.
0:41.7	S&P, a Dow closing off their lows of the day, but still both breaking some three-day
0:45.6	win streaks.
0:46.6	NASDAQ leading the losses down half a percent.
0:48.6	Energy.
0:49.6	The best performing sector today and this week, even after underperforming the broader market
	...

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