CNBC's "Fast Money" Next Catalyst For Meta At Record Highs… Plus Lux Consumer All Shopped Out? 9/23/24
Sep 23, 2024
Meta's shares soar to record highs, driven by generative A.I. and increased ad engagement. A new VR event could serve as the next game-changer. Meanwhile, luxury retail shows signs of fatigue, with analysts predicting a slowdown. The challenges in the retail sector are matched by shifts in the electric vehicle market, impacting companies like Tesla, Nike, and Starbucks. Additionally, interest in uranium investments is rising, alongside discussions about commodities like gold and silver, signaling evolving market dynamics.
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VR Motion Sickness
- Melissa Lee recalls Guy Adami getting motion sick while using VR in Staten Island.
- This happened five years prior, and the technology was considered subpar.
Novo Nordisk CEO Testimony
- Novo Nordisk CEO's testimony emphasizes U.S. healthcare system complexity.
- He claims Novo Nordisk doesn't control final patient drug costs.
Intel Trade
- Steve Grasso bought Intel stock, believing it's "so bad it's good."
- He anticipates a 10% pop from the stock, viewing it as a quick trade.