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CNBC's "Fast Money"

fast Money 06/05/18

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 5 June 2018

⏱️ 44 minutes

🧾️ Download transcript

Summary

Listen To Our Traders Take You Behind the Money...How To Play the Volatility...Pops and Drops: The Movers You Missed.

Transcript

Click on a timestamp to play from that location

0:00.0

Fast money starts right now.

0:03.0

Live from the NASDAQ market site overlooking New York City's Times Square.

0:06.0

I'm Melissa Lee.

0:07.0

Your traders on the desk are Tim Seymour.

0:08.0

Karen Feinerman, Steve Grasso and Guy Adami.

0:10.0

Tonight on Fast, move over to Niro.

0:13.0

There's a new raging bull.

0:14.3

Tony Dwyer of Canichord showing his horns today.

0:17.4

Upping his price target on the S&P to 3,200.

0:20.3

That is 16% higher in the next six months.

0:23.7

He will be here to tell us what has impounding the table.

0:26.4

Plus, hot stocks heating up as Canada gets one step closer to legalizing recreational

0:31.7

marijuana. And our resident cannabis king Tim Seymour has one name to buy right now.

0:36.8

But first we start off with the big tech rally.

0:39.4

Q the 1999 music because the tech sector is closing at another record high today.

0:44.4

But while everyone has been watching the mega cap bang socks like Amazon and Netflix,

0:48.4

quietly, a number of speculative what we are calling Web 2.0 stocks have been on a tear

0:54.0

check out epsy grub hub and geez and zillow all surging this year hitting multi-year

0:59.2

high so let's get deep here what does the rally in these kinds of stocks say about the broader tech guy?

1:05.6

What I think it says to me is, and I'm sure that I'll get some feedback or some pushback on this,

1:09.7

it says the complacency in the market is back to where we were probably a year or so ago when everybody

1:14.2

thinks you know the Fed has our back and the market's going to go up in perpetuity and quite frankly they

...

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