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CNBC's "Fast Money"

Why Now Is a Good Time to Buy the Market, and the U.S. Cracks Down on China

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 29 September 2020

⏱️ 89 minutes

🧾️ Download transcript

Summary

Markets rallied to start the week, and Tony Dwyer thinks there’s more upside coming. He says it makes more sense to get into the market now than it did in March. Plus what the U.S.’s latest crackdown on Chinese semi giant SMIC means for the semiconductor industry and the tech sector. And in a bonus hour of Fast Money, our panel of trading experts take all your burning investment questions. Everything you need to know about the stocks you’re trading right now.

Transcript

Click on a timestamp to play from that location

0:00.0

I'm Dominic Chuin from Melissa Lee tonight and this is Fast Money.

0:05.3

Tonight's Trader lineup for the big show. We've got Guy Adami, Tim Seymour, Pete

0:09.3

Nigerian, and Steve Grasso. Tonight on Fast, markets in full-on rally mode today,

0:15.7

but is it too late to get in on the gains and the action?

0:19.0

Friend of the show, Tony Dwyer joins us

0:21.2

to tell us why he thinks it's not a bad time to buy.

0:25.6

And later on, investors snapping up shares of Snap Inc today as the social media platform

0:30.8

gets a big upgrade, we'll find out what makes it stick out in that big

0:34.8

social media space. Plus, Pete's got a fast pitch on one medical device maker he says could

0:41.1

be a real home run. We'll tell you what it is as he lays out the

0:45.3

big case in that medical miracle mystery chart and in a special bonus hour of

0:50.3

fast money at 6 p.m. Eastern, we are taking all your burning trading questions.

0:55.8

Tweet us at CNBC Fast Money and you might just get them answered live here on the show coming

1:02.3

up in the next hour. But we start with that

1:04.8

monster rally on Wall Street today, the S&P, up more than 1.5% and the Dow

1:10.0

jumping over 400 points as you can see there, the NASDAQ also up nearly 2%.

1:15.4

Leading those markets higher, energy stocks, financials, and the small caps as well.

1:20.3

Investors appearing hopeful a new deal for stimulus is coming down the pike but

1:24.6

markets are still down significantly for the month does today's action give you

1:30.6

a reason to perhaps be more optimistic and for that perhaps guy I will turn to you first.

1:37.0

Dominator welcome it's always wonderful to have you on board we got a bonus hour with you so that's fantastic.

1:44.2

And you know I think the answer to your question is yes, but you can't say that in a

...

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