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CNBC's "Fast Money"

Fast Money 09/11/18

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 11 September 2018

⏱️ 45 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

0:02.0

Start right now, live from the NASDAQ market site overlooking New York City's Times Square.

0:05.0

I'm Melissa Lear.

0:06.0

Traders on the desk for Steve Grosso, Brian Kelly, Dan Nathan, and Guy Adami.

0:10.0

Tonight on Fast, Nike soaring back from the lows it hit after launching its

0:14.3

Colin Kapernic ad as one top analyst calls it quote unquote a stroke of genius

0:19.2

today but was it? Plus Hurricane Florence is a monster now a category for storm as it approaches the

0:25.0

East Coast. That has energy prices surging and a top technician says this is just

0:29.9

the beginning. But first we start with the final countdown. That's right. We're just about the to a number of its other products including the Apple Watch.

0:43.2

Now the stock soared today ahead of the event also UBS hiking the price target on the

0:47.1

stock but sometimes we see a bit of a sell the news panic after these events.

0:51.2

Ultimately the stock always rebounds so with the name near

0:54.4

all-time highs you just keep buying Apple guy yeah I don't think so I think if you're

0:58.9

in for six and a half seven eight percent I think that's your upside at this point

1:02.2

we've talked about two hundred forty240 or so being sort of the top end of the range

1:05.8

in terms of valuation, in terms of what makes sense

1:08.6

in this marketplace.

1:09.4

So if that's your end goal, I say that's fine.

1:11.6

But I do think there's a chance that maybe we rally a couple more

1:14.1

dollars and then this thing fades. So unless you're looking for that 7% to the upside, I think you take some

1:19.5

profits here ahead of this event and look to buy a cheaper and when I say cheaper you could see

1:23.9

the stock back down to 185 190 not unlike what we saw with Amazon a week and a half ago we

...

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