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CNBC's "Fast Money"

What to do with Big Tech? Plus a dire warning for our cyber infrastructure

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 12 March 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

While the Dow closed at another all-time high today, the S&P tech sector hasn’t hit its own record in exactly a month. So is it time to buy the dip, or should you still be wary? Plus a week after a major hack on Microsoft, one cybersecurity firm issues a warning of another attack that could come this weekend. 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 Money.

0:03.0

Tonight's Trader Line of Steve Grasso, Bono and Ice, and Nadine Termin and Jeff Mills.

0:07.0

Tonight on Fast, we're following major new developments in the wake of that massive hack attack.

0:12.0

One top cybersecurity firm issuing a dire warning tonight that hackers could strike again

0:17.0

within the coming hours.

0:18.0

We'll bring you all the late breaking details straight ahead.

0:21.0

Also ahead, a handful of big-name companies getting inducted into the all-time high club today.

0:25.0

So should you pay these record runs.

0:27.0

And later, our chart of the week, the stock soaring 20% since Monday and giving new meeting to the term high flyer.

0:33.0

That is a big, big ol' hint.

0:35.0

We will reveal that name coming up.

0:36.0

We start off with a record finish to a wild week on Wall Street.

0:39.0

The Dow and S&P 500 notching new all-time highs.

0:42.0

Well, tech took another tumble.

0:44.0

The XLK tech ETF now down more than 5% from the record high it hit exactly one month ago today.

0:49.0

Among the biggest losers, paypals down 15%, AMD and Vidya down 13%, sales force down 10%.

0:56.0

But tonight, you get to choose your own adventure in the tech trade.

0:59.0

Are the best days behind us?

1:01.0

Or is this a big ol' buying opportunity?

1:03.0

Steve Grasso, kick it off.

1:05.0

I think the best days are behind for tech.

1:09.0

This is a textbook rendition of why you don't buy growth in a rising rate environment.

...

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