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CNBC's "Fast Money"

Twitter’s Best Week in Six Years and How to Trade Wall Street’s Most-Loved Stocks

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 12 February 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

Twitter shares soared more than 25% this week on the heels of a strong earnings report and user growth. But one trader is pulling the plug on the name. Plus, just in time for Valentine’s Day, we’re taking a look at the most loved stocks on Wall Street and finding out whether they’re true love or heartbreakers. 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

I'm Melissa Lee and this is Fast Wanted.

0:02.7

Tonight's Trader lineup, Steve Grasso, Jeff Mills, Brian Kelly, and Pete Najarian.

0:06.3

Tonight on Fast, anti-up Las Vegas Casinos getting ready to open their doors a little

0:11.1

wider.

0:12.1

So, should you roll the dice on this reopening trade or is it time to call it quits?

0:15.6

Plus, not cleared for take-off, a second setback sending shares of urgent galactic tumbling

0:20.9

today.

0:21.9

What happened?

0:22.9

And what it means in the race for space?

0:24.1

And with just two days left before Valentine's Day, we're taking a look at some of the

0:27.8

most loved stocks on Wall Street, but will it be true love or heartbreak for these names?

0:34.2

We start off with a big week, though, for Twitter, shares surging more than 25 percent

0:38.9

since Monday, for its best week and six years.

0:42.1

The jump coming after the company reported a second billion dollar quarter in daily active

0:46.0

users of $192 million, Pete, though, is selling.

0:51.0

He's out.

0:52.0

Pete, why?

0:54.2

Well, I think the run was just absolutely extraordinary, Mel, and when you take a look

0:58.4

at it, I mean, they did everything right, right?

1:00.5

They actually had some great monetization growth as well, up 27 percent.

1:05.0

So when I look at the numbers, they're phenomenal.

1:07.4

But when I look at the PE, I feel like it's a bit stretched at this point in time, even

...

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