CNBC's "Fast Money" The Strength In The Consumer… And Election Proxy Trades 10/28/24
Oct 28, 2024
Steve Leisman, a CNBC reporter known for his sharp analysis of interest rates and the Fed, joins the discussion on consumer resilience heading into the holiday season. The conversation reveals optimism in retail and airline sectors, highlighting notable stock gains. With Election Day approaching, they explore how political dynamics are influencing market movements. Leisman also dives into the challenges facing Ford amid semiconductor tensions and offers insights into banking sector performance as investors strategically navigate the evolving economic landscape.
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Airline Stock Movement
- Airline stocks like Delta are breaking out to the upside, reaching multi-year highs.
- This suggests trading momentum, not necessarily consumer strength.
Retail Outlook
- Walmart's e-commerce accelerated by 21% last quarter.
- If this trend continues, Amazon might be a good retail investment, despite its higher P/E ratio.
Consumer Sentiment vs. Inflation
- Lower Thanksgiving dinner prices might signal positive consumer sentiment.
- However, the cumulative impact of inflation still affects lower-income consumers.