CNBC's "Fast Money" Stocks Hit Record Highs To Kick Off March Trading… And The Bull Case For Eli Lilly 3/1/24
Mar 1, 2024
The podcast discusses the record highs of S&P and Nasdaq without much help from Apple, the $1000 price target on Eli Lilly, the impact of electricity on market trends, the recombination talks between Boeing and Spirit Air Systems, and the optimistic outlook on pharmaceutical giant with a price target increase.
AI Snips
Chapters
Transcript
Episode notes
Market Rally and Apple
- The market rally reached record highs despite Apple's underperformance.
- This contradicts the belief that market growth depends on Apple's success.
Semiconductors and Market Leadership
- Semiconductors have driven market success, outperforming the S&P 500.
- This reduces reliance on Apple, with semiconductor strength indicating continued market growth.
AI's Impact on Chip Cycle
- The AI boom has extended the chip cycle beyond typical economic dependence.
- This shift creates a secular growth story instead of commodity pricing and boom-bust cycles.