Final Trade: IONQ, URA, KRE, GM
Speakers
Summary
The video is a CNBC Fast Money 'Final Trade' segment. The traders give bullish picks including GM on cheaper gasoline and light truck sales, regional banks (KRE) on rerating after CRE concerns, and IonQ (IONQ) on momentum and news. URA is listed in the title as a final trade but the transcript does not include the rationale. The transcript is brief and fragmented.
- Fast Money traders deliver their final trades of the day.
- Mike likes GM on lower gasoline prices and light truck sales.
- Tim is bullish on regional banks (KRE) amid rerating after CRE issues.
- Bonawyn says IonQ is on a tremendous run and likely headed higher.
- URA appears in the title as a final trade but lacks transcript rationale.
- The transcript is incomplete and includes host prompts and banter.
Ideas
Gasoline drop supports GM light truck sales.
Gasoline prices are down 40% from their 2022 highs, which improves auto affordability and supports General Motors' light truck sales. He likes GM.
Regional banks rerating after CRE stress.
He is bullish on regional banks, saying they are rerating higher after money center banks' commercial real estate issues.
