Losing Momentum?... And How Nvidia’s Results Will Impact Stocks 2/24/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 24 February 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The momentum trade losing just that… as the tech heavy Nasdaq flirts with negative territory for the year. The stocks seeing the biggest drops, and the sector heading higher amid the volatility. Plus Nvidia results just days away, and as markets look to shake off last week’s sell-off, the report could have a big impact on the broader markets. What to expect from Nvidia, markets, and more. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site in the heart of New York City Times Square.
0:05.4	This is Fast Money. Here's what's on tap tonight.
0:07.6	Hitting a wall, shares of some recently red hot stocks dropping sharply today as more defensive names continue to catch a bit.
0:14.2	What to make of the shift in momentum and I should trade the moves and decoding diamonds.
0:19.1	J.P. Morgan's CEO sitting down with our Leslie Picker earlier.
0:22.3	What he had to say about the consumer, tariffs, and the future of regulation?
0:26.4	Plus, the nuclear trade stalls out.
0:28.8	Hymns and hers slims down after earnings.
0:31.6	And WNBA star and changemaker Brianna Stewart on her newly launched 3-on-3 women's basketball league.
0:37.7	I'm Courtney Reagan in this evening for Melissa Lee, to live from Studio B at the NASDAQ.
0:42.0	On the desk tonight, we have Tim Seymour, Karen Fireman, Guy Adami, and our guest trader tonight,
0:46.7	Joe Moglia, former chairman and CEO of TD Ameritrade.
0:50.3	What a day.
0:50.9	Well, we start with the momentum being sucked out of some of the hottest parts of the markets of late.
0:55.0	The NASDA going negative for the year. Asmet as historic 20-day wind streak turns into five straight days of losses.
1:02.3	It's longest losing run since August. Palantir, Walmart and Robin Hood, all slamming the brakes over the last week as well.
1:08.8	Three stocks at or close to records before seemingly
1:12.0	running into a brick wall. Even Alibaba dropping 10% today despite Morgan Stanley upgrading
1:17.9	the Chinese tech giant. It was up over 15% last week and trading at more than three-year highs.
1:23.1	Meanwhile, defensive sectors, consumer staples, utility, and energy really begun to outperform among the best group so far this month.
1:30.8	So how do you make sense of this loss of momentum?
1:33.8	Tim, not a lot of huge news flow to really turn the tide, but we just continued what we saw on Friday.
	...

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