What the Stimulus Means for the Markets and a Penny Price Target

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 10 March 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The House passed President Biden’s $1.9T stimulus package Wednesday, sending the bill now to the White House. But there’s a big difference between this relief package and the last one -- states are starting to reopen. We break down the names that can benefit as Americans put their checks to work. Plus one popular “Meme Stock” just got a price target of one cent from a top analyst. We’ll tell you what it is, and bring you his reasoning. 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 Alyssa Lee, and this is Fast Money.
0:03.4	Tonight's Trader lineup, Guy Dami, Tim Seymour, Karen Feynman, and Steve Brasso.
0:07.4	Tonight on Fast, a penny for your thoughts on AMC.
0:11.1	The Reddit favorite moving higher in the ass hours and earnings, but one top-ranked
0:14.4	analyst just dropped a bombshell of a call on this stock.
0:18.2	Why he sees AMC headed to get this?
0:21.7	One penny a share, you heard that right.
0:24.0	The ultimate fair case for this high flyer coming up, plus G Wiz GE shares tumbling
0:28.7	today as a company flows the idea of a reverse stock split by the news that some of our
0:32.8	traders scratching their heads.
0:34.8	And later, building gains, roblox, soaring, and its public debut will tell you how our
0:38.6	traders are playing this one.
0:41.0	We start off with a $1.9 trillion injection to the economy.
0:44.8	The House passing one of the biggest stimulus bills in US history.
0:48.0	It includes $1,400 direct payments to most Americans.
0:52.4	And unlike the last round of stimulus, this cash injection comes as a growing number
0:56.4	of states start to reopen.
0:58.4	Maryland announcing today a big rollback of its COVID restrictions in states like Texas,
1:02.5	Florida, and Arizona have lifted nearly all of their restrictions.
1:06.3	So as this round of stimulus rolls out and states start to reopen, where does the money
1:11.7	go this time around?
1:13.7	Guy.
	...

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