Trading the Energy Rally and Setting Up for Q3 Earnings Kickoff

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 8 October 2021

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Oil prices crossing the $80 mark for the first time since 2014 and energy stocks rallied on the heels of the move. But should you be buying in on the rally, or is the trade running out of steam? Plus Q3 earnings season kicks off next week with big banks and airlines. How you should be trading the names on those reports. 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	Life in the Nasdaq market site overlooking New York City's Times Square.
0:03.0	This is Fast Money, I'm Melissa Lee,
0:04.8	tonight's Trader lineup.
0:05.9	See Grasso, Brian Kelly,
0:07.3	need Dean Terminan and Pete Najarian,
0:08.8	co-founder of marketobillion.com.
0:10.5	Tonight on Fast, you're gearing up for earning season.
0:13.4	That's right, it is back.
0:15.2	The action kicking off next week will break down the four big names
0:18.2	that need to be on your radar.
0:19.3	Plus, the home improvement trade getting hammered today,
0:22.2	home people in those both under pressure.
0:24.0	Tell you how our traders are playing the space.
0:25.6	And later, our chart of the week,
0:27.6	the 11% breakout.
0:29.6	And why one of our traders sees more upside ahead.
0:32.0	When we start off with a fueled up rally, crude oil crossing,
0:34.9	the $80 mark for the first time since 2014.
0:37.9	WTI, WTI is now up seven weeks in a row.
0:41.1	It's longest winning streak of the year.
0:42.8	That helped the energy sector lead the way in today's market.
0:45.6	Nine of the ten top performing S&P stocks today
	...

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