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CNBC's "Fast Money"

The Apes Go Bananas, Sending AMC and Other Momentum Stocks Surging

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 7 June 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

AMC shares jumped another 15% to start the week even as the SEC says it’s watching the potential disruption being caused by trading in the so-called “Meme Stocks.” Plus a historic decision on Biogen’s new Alzheimer’s treatment, and all the headlines from Apple’s WWDC.

Transcript

Click on a timestamp to play from that location

0:00.0

Yes, it does and we are live at the Nasdaq Market site and that is New York City's Times Square right behind us here

0:07.7

And this is fast money unless you get a well-deserved night off. I am Brian Sullivan. So good to be here again. Your trader line up

0:14.7

Guy Adammy Tim Seymour Karen Feinerman and Jeff Bilks. Welcome everybody. All right big show tonight on fast

0:21.9

Blockbuster news out of bio jet share or soaring the FDA approving the company's Alzheimer's drug

0:28.0

We're gonna break down not only the landmark decision but talked you about how our traders are playing this and maybe other names around that look at that move

0:36.1

Wow plus we are all over the after-hours action and shares of

0:40.9

Stitch fix company just reporting results the analyst called just getting underway stock also soaring up 16%

0:48.6

We're gonna bring you all the big headlines and later

0:52.3

Apparently, it's the year of digging stuff out of the ground and we are dealing drilling down on one of the hottest trades in the world

0:59.4

And that is oil crude hitting its highest level since all the way back in October of

1:04.3

2018 we'll find out why talk about some oil stocks could add some real energy for your

1:11.1

Folio see that's something nice never change all that ahead

1:15.6

But we begin with the apes going bananas Wall Street once again

1:20.7

Planet of the AMCs shares rocketing higher again today retail traders just keep hitting that buy button

1:27.3

But it wasn't the only cult stock momentum mover reddit whatever you want to call it printing money for traders and investors today

1:35.5

Look at those moves express up 16% naked brands 14 blackberry

1:42.0

14 game stop 13 and

1:44.0

Microwvision up 10% as well all this

1:48.0

Even as the SEC warns it is closely monitoring for any

1:53.6

Potential market disruption being caused by trading in these names

1:58.5

So with the interest in these stocks

2:01.9

Far from fading how do we how do you

...

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