Speaker · Updated
Steve Grasso: latest market views
Grasso Global Inc.
Summary
Steve Grasso is a veteran NYSE-floor-trained institutional trader, CEO of Grasso Global Inc., and a longtime CNBC Fast Money contributor who previously worked in institutional sales at Stuart Frankel & Co.
Chorus has 15 views from Steve Grasso across 2 episodes on CNBC Fast Money since October 22, 2026. Their latest calls: bullish on Howmet Aerospace, Oracle, Visa and Capri Holdings; bearish on Robinhood Markets, The Boeing Company and The Procter & Gamble Company.
Where they stand
Their latest bullish or bearish call on each company.
- Howmet AerospaceBullish ·
- OracleBullish ·
- Robinhood MarketsBearish ·
- The Boeing CompanyBearish ·
- VisaBullish ·
- Capri HoldingsBullish ·
- D.R. HortonBullish ·
- LVMH Moët Hennessy Louis VuittonBullish ·
- Space Exploration TechnologiesBullish ·
- The Procter & Gamble CompanyBearish ·
What they talk about most
- AI infrastructure & data centers · 2
- Howmet Aerospace · 1
- Oracle · 1
- Robinhood Markets · 1
- The Boeing Company · 1
- US consumer · 1
- Visa · 1
- Capri Holdings · 1
- D.R. Horton · 1
- LVMH Moët Hennessy Louis Vuitton · 1
- Space Exploration Technologies · 1
- Telecom & connectivity · 1
The latest views
Newest first. Every quote is checked against the episode's transcript.
AI infrastructure & data centers
Hyperscaler capex is far too high; markets want spending restraint and proven return on investment.
Grasso thinks hyperscaler capital spending is way too much money, and that the market understands this. He says investors want some restraint from the hyperscalers. He argues that AI stocks only get rewarded when they show a return on capital, and that picks-and-shovels stocks have far outperformed neoclouds year to date. He concludes that restraint on spending and actual return on investment must both show up for the story to work.
“I think it's too much money. If look you at capex, I think it's way too much money. I think the market understands that. ... The only thing that helps an AI stock is saying that they're gonna get a return on on capital, a return on investment.”at 6:34
CNBC Fast Money: All Clear For Markets?... And What To Expect Out Of Fed Rate Decision Tomorrow 10/27/26 ·
OracleBullish
Oracle's stock is already discounted; its huge backlog and fast cloud growth outweigh credit-rating worries.
Grasso says Oracle's stock is down over 50%, so the bad news is priced in. Its $664 billion backlog is probably the biggest relative to its size, and cloud revenue is growing over 120%. He says that if you invest in a company like this, worrying about its credit rating is a different story, and Oracle is probably not the one investors need to worry about.
“The stock's down over 50%. The backlog is... Relative to its size, the backlog's probably the biggest, $664,000,000,000, and the cloud revenue is growing over a 120%. Stock's already been discounted.”at 13:20
CNBC Fast Money: All Clear For Markets?... And What To Expect Out Of Fed Rate Decision Tomorrow 10/27/26 ·
The Boeing CompanyBearish
Boeing needs to reach the mid-fifties in monthly 737 output to change the story; it is at 41-42.
Grasso says Boeing's break-even is about 41 to 42 planes per month, but it needs to reach the mid-fifties to change the narrative. Free cash flow was supposed to be the focus this year, and the story is now about planes. Airbus is at about 65 per month and heading to nearly 80, while Boeing cannot get to 47. He says Boeing has the advantage of being a duopoly, but the production gap is the problem.
“They need to be at somewhere in the mid fifties to actually change the narrative on the story. ... Airbus is about 65 per month going to almost 80. And Boeing can't figure out how to get to 47.”at 21:46
CNBC Fast Money: All Clear For Markets?... And What To Expect Out Of Fed Rate Decision Tomorrow 10/27/26 ·
US consumers are getting stretched, but they are still spending, just on different things.
Grasso says consumers are getting stretched right now, and that tax refunds and other support have not fully offset the pressure. He argues people are still spending, including on gas and cards, so the stretched-consumer story is being conflated with a no-spending story.
“When you think about the consumer, they're getting stretched right now. Right? ... I think people are conflating the two stories that the consumer is strapped, therefore they're not spending.”at 24:49
CNBC Fast Money: All Clear For Markets?... And What To Expect Out Of Fed Rate Decision Tomorrow 10/27/26 ·
VisaBullish
Visa still works: consumers are stretched but still spending, just on a different basket of goods.
Grasso says the consumer looks stretched, but people are still spending on gas and using cards, and card usage growth is still there. He argues the market conflates two stories, a strapped consumer and no spending, when people are simply spending on a different mix of goods. He concludes that investors can still buy Visa. He notes Visa is up about 9% this month and hit a record high last Thursday.
“I think people are conflating the two stories that the consumer is strapped, therefore they're not spending. And I think you can still buy a stock like Visa because we are spending. It's just a different basket of stuff that we're on.”at 24:49
CNBC Fast Money: All Clear For Markets?... And What To Expect Out Of Fed Rate Decision Tomorrow 10/27/26 ·
Robinhood MarketsBearish
Robinhood looks toppy at 41x earnings with falling crypto volume and retail share; a better entry is likely.
Crypto trading volume fell 38% year over year, and the stock trades at 41 times earnings. Retail investors account for only 9% of volume, down from 15%. Grasso says there are many reasons the stock feels toppy and expects a better entry point later, even though Robinhood has been a genius over the years.
“There's a lot of reasons to be or to feel as if the stock is toppy. I think you'll probably get a better entry here, but they've been genius over the years.”at 38:32
CNBC Fast Money: All Clear For Markets?... And What To Expect Out Of Fed Rate Decision Tomorrow 10/27/26 ·
Howmet AerospaceBullish
Howmet fell about 40% on SpaceX and GE competition fears, but has not lost any business; he is buying.
Howmet sold off about 40% in August because investors feared SpaceX and GE would take its business. Grasso says the company has not lost a dollar of business, so the drop looks like a fear-driven overreaction. He is a buyer at current levels.
“It got caught up in this trade in August where it sold off dramatically close to about 40% because SpaceX and GE were going to steal their business. They haven't lost a dollar in business.”at 43:29
CNBC Fast Money: All Clear For Markets?... And What To Expect Out Of Fed Rate Decision Tomorrow 10/27/26 ·
AI infrastructure & data centers
Data center moratoria are a tiny share of the build-out; the market prices in a full halt that has not happened.
Grasso notes many states have bills to limit data centers, but few have actually stopped them. He estimates only about one to three and a half percent of the build-out has been halted, while the market acts as if all of it is. He expects the local opposition to fade after the midterms, though funding for the build-out will remain a separate question.
“How many have really stopped it so far? None, really... It's probably one to three and a half percent of the whole build out is actually halted. The market's acting as if a 100% of it's halted.”at 7:11
CNBC Fast Money: Tech Tumbles In Market Sell-Off… And Moderna’s Meltdown After Data Leak 10/22/26 ·
The US is not in stagflation yet because GDP is still growing, though earnings are a concern.
Grasso says stagflation could happen but the economy is not there yet. GDP is still growing. Earnings are a legitimate concern, and he sees the energy-related spike as a bubble that may resolve after the midterms.
“I don't think we're in stag yet. That could happen. I... We still are in a growing economy.”at 7:53
CNBC Fast Money: Tech Tumbles In Market Sell-Off… And Moderna’s Meltdown After Data Leak 10/22/26 ·
The Procter & Gamble CompanyBearish
Procter & Gamble is an extreme double top and not cheap; avoid buying staples here.
Grasso says none of the staples names are cheap and that you should not chase them here. He reads Procter & Gamble's chart back to February 2026 as a real extreme double top. He argues the staples rally is a flight to yield that will not last, so he would not buy them now.
“I don't think you want to chase any staples companies here. None of them are cheap... When you look at Procter... this is a real extreme case of double top... So I wouldn't be buying these names now.”at 20:43
CNBC Fast Money: Tech Tumbles In Market Sell-Off… And Moderna’s Meltdown After Data Leak 10/22/26 ·
D.R. HortonBullish
D.R. Horton is a buy-the-dip homebuilder: green on the year with a $5B buyback.
Grasso points out DHI, the biggest homebuilder, is up on the year and has a huge $5 billion buyback. Its chart is bouncing off recent lows in an impressive way. He would start to buy a small position, dipping a toe in, while being selective about what homebuilders are being bought.
“DHI is the biggest homebuilder... they have a buyback, a huge buyback, $5,000,000,000 buyback... these bounces off recent lows, it's pretty impressive. So I would probably start to dip a toe.”at 24:58
CNBC Fast Money: Tech Tumbles In Market Sell-Off… And Moderna’s Meltdown After Data Leak 10/22/26 ·
Space Exploration TechnologiesBullish
SpaceX will shake up many industries, with its satellite permit filings signalling a major disruption.
Grasso says SpaceX is going to shake up many industries. He points to the scale of its satellite permit filings, saying he often cites about a million permits, and expects many industries to be disrupted. He adds that the disruption is not showing up yet, and that the 80,000 cell-site talks with Crown Castle are not yet hurting incumbents.
“I mean, this is a stock that is going to really shake up a lot of different industries. And when you start to see the permits that are out there, I often state that a million permits that they're actually filing for for satellites.”at 38:01
CNBC Fast Money: Tech Tumbles In Market Sell-Off… And Moderna’s Meltdown After Data Leak 10/22/26 ·
Telecom weakness on SpaceX headlines is a buying opportunity, since disruption is not happening yet.
Grasso says SpaceX's satellite network will disrupt many industries, but the impact on telecom carriers is not visible today. He argues that when SpaceX headlines push telecom stocks lower, traders should buy the weakness. The Bloomberg report on SpaceX talks to access 80,000 cell sites sent Crown Castle lower in the same session.
“Whenever you get some weakness in these names due to a SpaceX headline, you should probably try to buy that weakness.”at 38:28
CNBC Fast Money: Tech Tumbles In Market Sell-Off… And Moderna’s Meltdown After Data Leak 10/22/26 ·
LVMH Moët Hennessy Louis VuittonBullish
He would rather own Louis Vuitton than Gucci-heavy luxury names as the sector weakens.
Grasso says luxury is weak across the board, and that Gucci is about half of Kering's revenue, so Kering is exposed to the slump. Ralph Lauren is performing, but not at the level of Gucci. He says he would rather hold Louis Vuitton because it gives a better portfolio position within the bifurcated, K-shaped consumer market.
“I'd rather, if I could, be in Louis Vuitton. So I think a better portfolio.”at 41:29
CNBC Fast Money: Tech Tumbles In Market Sell-Off… And Moderna’s Meltdown After Data Leak 10/22/26 ·
Capri HoldingsBullish
Capri's heavy call buying suggests the stock has become cheap enough for investors to take a position.
Grasso points to Capri's call volume, which was up 137% and outsized for the stock. He reads this as a sign the shares have become cheap enough after the failed Tapestry acquisition for someone to take a position, so the options flow is a signal of bullish positioning.
“The call volume was an outsized number. It's up 137%, so it looks like it's finally gotten cheap enough after the Tapestry M&A, or failed M&A, where someone's willing to take a dabble in it.”at 41:54
CNBC Fast Money: Tech Tumbles In Market Sell-Off… And Moderna’s Meltdown After Data Leak 10/22/26 ·
Shows
- CNBC Fast Money · 2 episodes
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