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CNBC's "Fast Money"

What Walmart Earnings Could Mean for the Market, and Two Takes on Meta’s Momentum 11/14/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 14 November 2022

⏱️ 41 minutes

🧾️ Download transcript

Summary

Retail earnings kick off tomorrow with Walmart and Home Depot. The stock market hasn’t had the best reaction to results over the past few quarters. Will this time be different? Plus, Meta shares are up over 30 percent from their November lows, and while one of our traders is staying in, another is taking the profit an running. We find out why. 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

Right now in fast countdown to Walmart's earnings, the retail giant up more than 8%

0:05.4

is to start a Q4, how will the markets react to its take on inflation, the consumer

0:09.8

and the overall economy, plus new Mojo for Meta following a post-earnings pounding,

0:15.1

the stock we've had in nearly 20% in the last week, is this to take the money and run

0:19.4

moment for the beginning of a new revival later?

0:22.6

Breaking down President Biden's one-on-one with China's President Xi, a crowning achievement

0:26.6

for Netflix, where options traders think the stock is headed next, and the latest on

0:30.7

the collapse of FTX, and its former CEO Sam Banks and Freed.

0:34.7

I'm Melissa Lee, this is fast money we're live with and that's like marketing and the

0:37.6

harder time to square on the death tonight, Tim Seymour, Karen Primement, Dan Nathan

0:41.4

and Guy Adami.

0:43.2

And we start off at the countdown to big retail earnings, Walmart kicking things off

0:46.4

tomorrow morning with investors keyed in on what the company has to say about inflation,

0:50.9

inventory, and of course it's outlook.

0:53.1

The results could have a big impact on the broader markets when Walmart warned about

0:56.5

Q2 results in late July, the stock fell more than 7% the next day, the S&P dropped more

1:01.8

than a percent.

1:03.0

After missing expectations for the first quarter, Walmart fell three days in a row losing

1:07.2

20% in that period, the S&P 500 was down nearly three.

1:11.7

Markets heading into the report on a downed, a late-day sell-off sent all three major indices

1:15.5

into the red with the Dow dropping more than 210 points, the Nasdaq falling more than

1:19.5

a percent.

...

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