Discussion on Recent Events and Teaser for Ben Kallo Interview

On this episode of “On The Tape,” Dan Nathan, Guy Adami and Danny Moses discuss the stock market moving on Fed cut expectations (3:00), what the rally in gold is telling us about the market (14:00), weakness in the Yen (17:00), the Jobs Report (18:00), huge moves in some of the biggest stocks in the market (22:00), the calamity trade (27:30), Janet Yellen visiting China (30:00), Humana (36:00), gambling stocks (35:30), and Tesla (more on that after the break…) (38:00). Later, the guys sit down with Ben Kallo, senior research analyst at Baird, to discuss his bullish outlook on Tesla. Topics they cover include his bearish fresh pick on Tesla (43:00), risks to the stock (45:45), the Cybertruck halo effect (49:45), bracing for a messy quarter (53:45), skepticism around the stock (57:30), searching for the bottom in lithium (58:00), Rivian (59:00), biggest themes in solar (1:01:30), and Albemarle Corporation (1:03:00). 

Articles:

• Fed’s Kashkari Floats Possibility of No Rate Cuts This Year (Bloomberg)
• How Far $100 Goes at the Grocery Store After Five Years of Food Inflation (WSJ)
• David Einhorn thinks inflation is reaccelerating and has made gold a very large position (CNBC)
• Morgan Stanley’s Adam Jonas Says Tesla $100 Bear Case May Be ‘In Play’ Now, But Notable Analyst Still Likes The Stock Long Term (CNBC)

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About the Show:

On The Tape is a weekly podcast with CNBC Fast Money’s Guy Adami, Dan Nathan and Danny Moses. They’re offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we’re here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market.

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