Unstoppable Nvidia and Signs of Strain on the Consumer 6/18/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 18 June 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

There’s a new biggest bull on Wall Street, as Evercore’s Julian Emanuel ups his year-end price target on the S&P by 25% to a whopping 6,000/ What’s going to drive those returns and how should you play the market? Plus Industrials have been struggling so far in 2024, but one top technician says these names are about to witness a turnaround. We go off the charts to get the details. Fast Money Disclaimer

Transcript

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0:00.0	Live from the Nasak market site in the heart of New York City's Times Square.
0:05.7	This is Fast Money.
0:06.8	Here's what's on tap tonight.
0:08.4	No moss, well shares of restaurant stocks like Chipotle, Kavan, Sweet Green keeps surging.
0:13.4	Retail sales today showed that the spending slowdown has started.
0:16.7	Will this put an end to the blowout moves in the sector?
0:19.5	Plus, shaking my head, the semi-ETF continues its epic climb as
0:23.6	NVIDIA becomes the biggest market cap company in the world.
0:27.4	We'll break down the staggering games. This chip giant has
0:29.9	posted less than a month after earnings.
0:32.8	And later, no reclining for shares of Lazy Boy
0:35.7	inside the record-breaking winning streak at Netflix
0:38.0	and Boeing in the hot seat, the apology and fireworks
0:40.8	from today's hearing on Capitol Hill.
0:42.8	I'm Melissa Lee coming to you live from Studio B at the NASDAQ.
0:45.1	I'm the death tonight.
0:45.8	Tim Seymour Karen Feinerman, Bono and Iceland and Steve Grosso.
0:49.5	The S&P and Nasak closing at record highs again today.
0:52.9	Just 117 trading days into the year,
0:55.2	the S&P has set a record 31 times.
0:58.0	That is better than 26% of the time, not bad.
1:01.4	But even with those gains, we start with the latest reminder that
	...

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