A "Chipwreck" Looming + Alphabet Stock Trade Idea

Dan Nathan and Guy Adami break down the top market headlines and bring you stock market trade ideas for Tuesday, Feb 20th.

Click here to access all of the charts mentioned in today’s MRKT Call.

Topic Timecodes:
Macro Outlook (0:00); Chipwreck (14:30); S&P 500 (24:45); Yields (32:00); NASDAQ + Alphabet Trade (34:40)

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Yesterday’s On The Tape is Presented by
CME Group, iConnections and SoFi

Chronicling Calamity with Bethany McLean

Dan Nathan and Danny Moses sit down with Bethany McLean, co-author of “The Big Fail”. They discuss failures in the U.S. Government’s response to the pandemic, concerns around Tesla and Elon Musk’s leadership skills, being a contrarian in an environment that rewards blind obedience and where the cracks are starting to show on our financial systems.

WHAT WE’RE READING

• Stocks Fall Before Nvidia’s Make-or-Break Moment (Bloomberg)

• Goldman raises S&P 500 Target to 5,200 (CNBC)

• Data Show the Economy Is Booming. Wall Street Thinks Otherwise. (WSJ)

• Capital One to Buy Discover for $35 Billion in Year's Biggest Deal (Bloomberg) 

• BofA Global Financial Stress Indicator (Bianco Research)

• Markets Start to Speculate If the Next Fed Move Is Up, Not Down (Bloomberg)

• Walmart’s Sales Rise as Prices Cool (WSJ)

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