CNBC's "Fast Money" Losing Momentum?... And How Nvidia’s Results Will Impact Stocks 2/24/25
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Feb 24, 2025 Joe Moglia, former chairman and CEO of TD Ameritrade, brings his market expertise to the discussion. The podcast dives into the recent downturn in major tech stocks like Meta and Alibaba, highlighting shifts towards defensive sectors. Predictions about Nvidia's upcoming results underscore its potential market impact. Insights on hedge fund strategies, the ramifications of economic indicators on the consumer landscape, and Nike’s surprising stock surge add depth to the analysis of current trading dynamics.
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Momentum Shift
- Momentum stocks, especially tech, are declining, with Nasdaq turning negative for the year.
- Defensive sectors like consumer staples, utilities, and energy are outperforming.
Tech Stock Decline
- Meta's 20-day win streak ended, now with five straight loss days.
- Palantir, Walmart, Robinhood, and even Alibaba (despite an upgrade) also dropped.
Managing Uncertainty
- Take some profits off the table amid uncertainty and the recent market run-up.
- View significant drops as aggressive buying opportunities.