CNBC's "Fast Money" Three Big Things For Markets Next Week, and Can Pfizer Find a Cure for Its Stock? 11/10/23
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Nov 10, 2023 The podcast discusses potential market catalysts for the week, Pfizer's stock performance compared to Eli Lilly and Novo Nordisk, and the impact of bad auctions on rates and yields. They also analyze the performance of Lyft and Uber in the transportation sector and discuss the normalization trend in different sectors. The chapter concludes with a discussion on mega cap tech stocks and expressing gratitude towards veterans.
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US Outlook Downgraded
- Moody's downgraded the US outlook to negative from stable, citing increased fiscal risks.
- This adds to market uncertainty, but US Treasuries remain a dominant safe haven asset.
Market Catalysts
- Next week's market movers include CPI data, the Biden-Xi meeting, and retail earnings.
- The Biden-Xi meeting might boost markets if any positive news emerges from the tense relationship.
Consumer Earnings Focus
- Focus on consumer earnings next week, especially Target, to gauge consumer trends and inventory management.
- Consider the impact of competitors like T.J. Maxx and Shein on Target's performance.