can i say what my stock of the year is? [ inaudible >> josh, final trade of this year >> amazon. i think it's going to surprise in '24 >> we'll leave it there. one more quick look at the markets, in the red across the board. the nasdaq down almost half a percent. that does it for "halftime report." happy new year to everybody. thank you for watching "the exchange" starts right now. ♪ ♪ thank you very much, frank welcome to "the exchange." i'm kelly evans. here's what's ahead. stick with tech for 2024, says our market guest not just any tech, but names like names she's been buying that just had its biggest name in two decades we'll ask her what she's bullish on for 2024. could it be the year believe it or not of the metaverse? the world's biggest tech company is stepping into it as a battle

for meta domination looms. and we have a special three buys and a bail today, with some under the radar names of the ev trade, including one that capitalized on the expansion in more ways than one gina sanchez is a buyer and joins us ahead on the last trading day of 2023, let's get to dom chu >> tyke to take stock, kelly, so to speak we should start off with the action for today, because it's red across the screen but not a lot so just marginally to the downside here remember, for the major indices, we're pulling off record high levels or highs for the year or those that are close to record levels the dow down about one quarter of 1%. the s&p 500, 4762, down about 20 points, one half of 1% declines there. the nasdaq down, 14,992 is the last trade there of course, as we take a look

back on the year that was, it has been a massive move higher for the major indices, a banner year for some. the dow up 13.5% for the year. 24% gains for the s&p 500, and the nasdaq, up about 43% so far this year. so keep an eye on how that develops as we head towards the closing bell from a sector perspective, it's been the heavy lifting done by the so-called magnificent seven stocks that have done a lot of heavy lifting. the tech sector is up 55%. communication services, many media companies, up 51%. of course, big tech internet companies driving that trade and the utility sector, down 11%, the biggest laggard in the s&p 500. as for the individual stock stories of the year, the outside has been fueled by many tech and telecom names. but nvidia, up 237%. meta platforms, up 194%, part of

that big communication services trade. and royal caribbean, up 163% in the resurgence for many travel related names. so there we go the year 2023 in a nutshell, kelly. we'll see if the story changes in the last couple of hours. back over to you by the way, happy new year, kelly. it's been a great time hanging out on "the exchange." >> we like you so much, dom, we'll see you next hour. the prospect of looming fed rate cuts has helped fuel the market's recent winning streak the probability for a march cut is at 85%, while cuts in may and june are fully priced in but my next guest says the market is getting ahead of itself and will be disacounted when those cuts don't materialize. joining me is bill lee and rick santelli is also with us welcome to you both. bill, why the pushback >> well, in order for the market to be correct, we're going to

have to start seeing weakening in the real gdp or some real falloff in the inflation rate that gets us to 2% or below the fed's target the fed has already programmed in three to four rate cuts going forward. but to accelerate it this early means something has gone wrong, something is not in their fed forecast and likely the market is worrying perhaps about the weakness that is yet to come because of that tightening that we saw one oh of the problems is that this equity market doesn't show that so it's got to be in the very low inflation rates that are markets are anticipating if that is a surprise, it's a good surprise. >> it is possible that doing rate cuts because inflation has receded so quickly is a fine reason for doing that. >> oh, absolutely. in fact, right now the problems that real rates are historically very high, well above 2.5%, and because the fed has announced it's pivoted, the long rates have come down like crazy, and right now, the real rates are

down to about 1 3/4 on a five-year basis. that's the right level for the fed to sustain a robust recovery for us to have high real rates, we'll have to have the growth we saw in the '90s. and that's what the markets are perhaps betting on nvidia and all the ai chip stocks are hinting that we might get a burst in productivity like we saw this the '90s in that case, we can have high rates and low inflation. >> rick, i'm sure someone on twitter can -- back then, alan greenspan, maybe even yellen back in the way, but greenspan was correctly to discern this productivity pickup. it's hard to see in realtime if it's happening, but i guess the steady gdp data could tell us if we're getting the good kind of disinflation >> yeah. nobody knows how inflation will ultimately behave. we don't know if it's linear or going to have a couple of pops when it comes to the fed fund

futures contract, the fed should consider the relationship a good one. they use fed fund futures to discern and send out all their messages and the relationship between the markets and fed fund futures, and the actual activity of the fed has been pretty much spot-on. if we are starting to see something build in futures, that means the central bank has to address it in nearby meetings, because they will not, and i underscore, they will not disappoint a market that's priced something in. they need the markets. now, that doesn't mean you're not going to see differentiation along the yield kufb i personally think they are going to be forced to lower rates, and i'm not so sure that force is even the right word but i do see that they're going to have to quell the market a little bit on expectations or make sure that they're in sync there is no other way. finally, when it comes to fed fund futures, the amount of

horsepower built into the easing cycle is easily evident by looking at any of the contracts for next year, and especially gm-25, because it's a clean month, as steve liesman and i like to say, no fed meeting. but look at the breadth of the reality that started when rates peaked in the middle of october, and you'll see how intense the market is pricing and how much pressure it will put on the fed to make sure the market's message is in sync with theirs >> maybe i could put you on the spot a little bit, just in honor of looming new year's eve, and ask about predictions or anticipations for next year. bill, you're saying if we get these rate cuts, it's a weak economy. but productivity is a good one to dwell on, but what other ways might the economy surprise us? >> if we have a disinflation that the markets are anticipating, like the six-month pce inflation, it's down at the fed's target if that continues, we have the

rate increase and rick will be right. the messaging from the forward markets, the forward guides is going to be absolutely right but it's stubbornly high core inflation stays above 3%, i think we'll see some delays in the timing of these rate cuts. >> do you agree, rick? >> you know, i do agree to some extent, but i continue to say we shouldn't take our eye off the ball much of what happens with rates next year is going to have a lot to do with things like electricity, the handoff to evs. i know it's a topic well worn like an old pair of slippers but in the end, the most stubborn areas of inflation are where the government tries to impact the economic decisions made by consumers, and change their preferences. that is going to make costs from everything from natural gas and electricity higher, and all of those costs get passed on, think about diesel fuel, maybe the price is lower than last year, but it's not lower than it was

precovid >> rick, maybe the way i would ask, do you think the biggest story for 2023 is the level that rates went to or the extent to which they have are fallen from the highs? we almost had three years in a row of losses in bonds >> i think the big story for 2024 is going to be how long rates are bulking the strtrend,w the yield curve will steepen because servicing our debt in the end is going to be a monumentally important issue to longer dated treasuries, despite the fed's influence on short-dated treasuries >> that would be quite something. gentlemen, we'll leave it there. thank you both my next guest says most strategists got everything wrong about this year. the recession didn't happen. bonds didn't outperform stocks the nasdaq didn't drop as expected or underperform the nasdaq 100 hit a record thi week intel is up more than 90% this year, and my next guest thinks

it can grow from here. so let's bring back kim forest kim, a little round of applause. feel free to mention any raspberries if there are ones that didn't work out so well either >> no, thanks for that you know, shoutout on intel. i have to tell you this, i've been an analyst and portfolio manager. we all like getting paid for our reviews. but what we really want people to say is, you are right so i love this so thank you for that. >> so true i'm probably one of those who is deeply skeptical of intel's turn around so you would keep -- but do we give them, you know, we can say the stock was cheap and maybe now -- give us the full story, what do you think the valuation was, what is it now, what could it be, what should it be >> sure. well, i'm looking way far in the future

what i'm looking for intel to do is do what pat promised, which is return the company to a company that creates products that people are dying to buy and i don't necessarily mean pcs. i'm talking more about data center products, and of course, ai so i think that he has the experience of working at that company for a very long time in the beginning of his career, and knows who's who, and how to get this done. i think he's been there long enough, got some things turned around and that's part of why intel has grown this year. but really, his other plan is to make it into a fabricator, a foundry for other people's designs. and i think this is incredibly important in many ways the company already has a footprint, you know, in taiwan that is kind of important, because we've lived through covid, where we couldn't get

semiconductors when we desperately needed them. i think having a global supply chain is prudent the company continues to expand in places like germany and israel and they're doing it with some tax rebates or government funding. you know, that's blessing and a curse. but they are getting it done it's a big, heavy lifting financial problem that's going to need, you know, close to a decade to really prove out but i'm a believer in the management, and that is one of the key things that i look at in a company is, the management pointed in the right direction and can they do it less recent history has shown yes, for intel. >> even though people talk about this was the year of the magnificent seven and things like that, this conversation shows that stock picking is still really important i mean, literally isolating intel as the story and watching it rerate.

so do you think it will keep rerating higher? >> i do. and remember now, you know, with these new capabilities, they're going to have a very different looking balance sheet, and a very different looking income statement. and all of that has to be factored in. that's why i'm uncomfortable giving any kind of price target or even range for what i expect, because it's all going to change the mix is going to change but what they have to show is, they can fundamentally deliver products to clients. and i think that answer is yes the other thing that i always look for in most of -- well, all of my stocks that i have, is are they going to outcompete the competitor right? i think they can i just do. >> amd is another name that you like here that's done quite well it's interesting, you're picking up on a theme that economists were just discussing, saying tech will continue to work because it's the only way companies can generate productivity meaningfully. so for those of us, i

acknowledge more bearish on the economy broadly speaking, no matter what you think is going to happen, you could make a case for these names being the place that still benefit from earnings growth and still see capital flows. >> absolutely. and here's what the missing pieces for me personally i would love to be recommending software stocks that i think could grow, right? and that have this really long track record in front of them. and are not just point products. but i don't see any of that on the landscape for this new world of ai. so i think the best way to go after that growth of productivity, because we don't know what software companies are going to win, is to go down one level to the hardware. and that's really why i've been a bull on semiconductors companies have been woefully remiss in trying to use technology in new and interesting ways in the past 15 years. i've been looking for new

technology to invest in with respect to software. and i love microsoft i think they're going to be a winner the short term. and probably the long-term but, again, their mix isn't all that interesting to me i really love to find that oh, maybe openai goes public or something like that, where they are a pure play providing productivity directly to companies. >> you would want -- so that you could bet on openai -- >> or whoever. >> got what you're saying. kim, let me ask you, because we rarely talk about it, but as people piece their thoughts together for 2024, are there smaller names that you think are interesting and worth a look >> there are there are. and probably about half of our portfolio mix is in smaller names. you have to be liquid, though. you have to have a market cap over a billion for me to be interested in you. but here's the secret. we've been able to do really well, you know, pretty much my

whole career, because i've had this mix of large companies and smaller companies. but you get smaller companies that have good processes where you can see that they're focused on producing good products for their client set, whether that's retail or, you know, business to business and then two things happen they either grow into larger companies, that's always good, and will reward shareholders or they get bought out and i think that that has been missing largely since '22. the amount of mergers and acquisitions have been greatly reduced. because of the lower interest rate environment, i can see these high quality companies coming back in to focus for, you know, larger companies to buy them so i'm super excited about '24 for that >> do you want to name any in particular, or just as a general theory >> they're too small, sorry. >> understood. better safe than sorry intel was a great one.

amd. that's where you're placing your bets, and maybe we'll talk next time about your other projects in the works, as well. kim, thanks for joining us >> thank you the red sea continue to wreak havoc on shippers and the supply chain. up next, we'll speak with one expert on the cost of rerouting and the impact to company's bottom lines plus, wall street legend art cashin joins us for a wall street tradition baiting back more than a century, and we'll get his market forecast for the year ahead we're getting some rare red arrows on the screen the dow is down 72 points. the s&p down to 4764 the nasdaq down 0.6. it was briefly below 15,000. and the ten-year note is 3.88. "the exchange" is back after this trading at schwab is now powered by ameritrade,

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welcome back to "the exchange." rising hostility in the red sea could put more pressure on shippers in 2024 according to central command's post on x, the "uss mason" shot down a drone and ballistic missile in the red sea last night. there was no damage to any of the 18 chiships in the area.

my next guest says shipping rates have skyrocketed this week and could be headed higher as factories in asia close for the lunar new year joining me is allen. welcome to you >> kelly, thank you for having me happy new year to you. >> hopefully happy new year to you, as well explain what your company does and what position you're in, and how you're affected by the red sea drama. >> we are a logistics supplier we help importers and exporters move product around the world. we have agreements with all of the major carriers, and then help medium, small, and large companies that are moving product in and out of the united states, as well as other countries around the world >> what percentage of your business or your exposure is through, for instance, the red sea channel? >> umm, red sea alone, maybe 15% to 20% it's more a question of looking

at our business through the lens of asia overall, because as the panama canal slowed down, we had a lot of customers who then were starting to look at diverting cargo through the red sea and the suez and now you have a disaster in the sense that both canals, which is changing everybody's logistic map for the first quarter. >> if the panama was rerouted to the red sea is now rerouted to where exactly, are we talking beneath africa, or what are the routes available >> so we're seeing a combination around the cape of good hope, africa, as you said. we're also seeing some ships coming through the panama, carrying cargo that way. we have added interest in customers bringing cargo to the u.s. west coast and then using both truck and rail to bring it across to the east coast that way. that way they can have a more defined and definite outcomeof

a delivery date if they need one. >> what's the impact been on shipping rates where we were in october before the israel crisis erupted, and where are we now >> anywhere from 70% to 200% higher i think is a fair number. the west coast rates have gone up, and the east coast rates are, as well even in just a quick sequence from december 12th to december 15th to december 29th, you saw rates go up by 70% to 100%, just in that sequence where we had validity of rates from the 15th to the 31st of december, and then as of january 1st, and again january 15th, as we approach the lunar new year holiday, the rates are projected to go up even more >> does this remind you of some of the price hikes we saw during covid?

>> to a degree, yes. but not as dramatic. i think here you're seeing just the double canal effect, whereas during covid, you had the effect of not enough deep sea labor, not enough truckers or warehouse, and then the combination of, let's call it the buying binge of stuff. you had too much cargo, too little resources to handle that. now, it's not so much driven by an overdemand of cargo, but more a lack of throughput because of both canals having issues. >> so as you have explained it, i would have to imagine outbound european cargos headed for the u.s. east coast would be among the most affected by this. is that true and what kind of price increases might be passed on to consumers? >> i think literally everybody in the supply chain right now is being impacted

whether you're in the big box stores who ship the largest amount of cargo out of everybody. they need space just as badly as the small to medium-sized company. they may have a little more negotiating power to not absorb the full amount of these rate increases and diversion costs. but by and large, from what we are hearing, everybody is faced with absorbing this. so whether it's the t-shirt arriving at the store or food or machinery, auto parts, all of them at this point will be taking part of that increase >> we'll have to -- that bears watching, because obviously we're trying to figure out what's going to happen with inflation. and here now presents a possible new source of goods inflation. the last thing i would ask is, we have seen major shipping companies with share prices go up, because they're getting these higher fares

what do you say to that response by sort of the markets in the investing community, will they benefit or will that benefit quickly the offset >> umm, i think the benefit is there, as we saw during the covid shipping time when rates went through the roof. the share prices escalated at that point, too. you look at '21 and '22. i don't think this will be quite as dramatic, but clearly the moves since mid december through now has been up as you say, by 20%, 20% i don't know that it goes so much higher. i mean, i'm not a stock picker, per se, in that sense. i think we'll reach an eq equalibrium as the ships get the routing more fluid, and there should be a ceiling on the price of freight rates at that point

one would anticipate that this won't be as long as covid, but maybe a quarter or two at the most, and then the pricing will normalize again at that point as we move through the second quarter into the summer. >> yeah, still probably a longer process than people would have thought just a month or two ago. thanks for joining us to explain. we appreciate it today >> thank you very much have a great new years again >> you, too. coming up, it's meta versus apple. metaverse edition. the world's most valuable company is expected to release its vision pro headset next year will it give the stock a boost or will meta continue to outperform after topping apple 4-1 this year? that's ahead "the exchange" is back after this lock ringing) go. and go and go and go. (tense music) but what if you. (tense music) stop! you work hard.

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welcome back to the exchange we see red arrows today. dow is down 171. down 89 right now. the nasdaq is down 0.6 of 1% here are some of the movers this hour shares of fisker surging 15% the ev maker says sales and deliveries will accelerate in january thanks to strong demand for its suv called ocean shares are down 76% this year. boston scientific hitting an all-time high after the company announced new clinical trial for one of its devices meant to treat atrial fibrillation. shares are up 25% since january. speaking of all-time highs, here are some of the other names recording that today hilton and marriott, up about 50% since january. ross and tjx also at new

all-time highs, up a little less than 20% fun fact, this will be tjx's 15th straight year of gains. it's up more than 1700% since january of 2009. extremely impressive coming up, it's an annual tradition on the floor of the new york stock exchange. bob is there with the traders, warming up their voices. bob? >> kelly, they are warming up their pipes right now. they have come from as far away as florida current and retired members of the new york stock exchangeare going to continue a tradition down here, and it's been going on for 160 years when we come back, the man will be leading the floor in the song don't go away. together, we built something truly beautiful. it takes years of dedication to get to this milestone. the new york stock exchange is a symbol of what america is all about the potential of an american dream. it is day one. a lot of work has happened to lead to this historic moment.

the only way you can move a society forward is a true expression of freedom. ♪♪

welcome back to "the exchange." it's time for a new york stock exchange tradition, dating back to the early 1900s bob is on the floor with art cashin and the traders hi, bob, hi, everybody >> hello, kelly. the tradition ol barbershop quartets singing on the floor of the new york stock exchange goes back to the 1860s, believe it or not. but during the '30s, a rough time down here at the new york

stock exchange, a 1905 song became a sentimental favorite. and for the past nearly 100 years, it's been sung every year here at the nyse here to lead on the singing of "wail till the sun shines nellie," art cashin. take it away [ applause ] >> okay. on the count of three. one, two, three -- ♪ wait till the sun shines, nellie ♪ ♪ as the clouds go drifting by ♪ ♪ we will be happy, nellie, by and by ♪ ♪ sweet heart, you and i, wait till you the sun shines, nellie ♪ ♪ by and by ♪

[ applause ] >> happy new year! >> thank you happy new year arthur, old friend, how many years have we been down here doing this 20, 25 for me, 60 for you. your thoughts on 2024? >> the first time i got the words right after 60 years no it was an eventful year. it looks like it's ending up on a cheery note, and we can only hope that we'll see that continue the history of the market, particularly in an election year when the incumbent is rerunning for office, has a history of being up it's probably because the administration can pump a little gas into the economy but we'll hope the tradition

holds up, and we're still -- we're losing out a little bit on the santa claus rally this afternoon, but not enough to do complete damage. >> this time last year, sentiment was pretty glum. there are a lot of people thought we were entering a recession. that proved to be wrong. we've had one of the great years we've had in the last 30, 40 years. does this tell us anything about staying long in the markets or how difficult it is predicting the future >> well, historically what you want to do is stay long on the market over time, the market has improved, as the economy traditionally improves therefore, what you get to do is compound your money. as albert einstein said, compounding interest and compounding money are one of the great miracles of all time if you want to have your wealth grow, it's often best to try and stay long the market and ride out the bumps.

some of us who can't do that by nature, on behalf of clients we are asked to trade in, but i will tell you, after 60 something odd years, it is very tough, but i think we'll have a good year. >> before we let you go, the markets are priced for perfection right now everyone is anticipating no recession. the fed will cut interest rates, maybe 5 or six next year what worries you what could upset this cheery scenario >> the geopolitical problems, obviously. we've got war breaking out in several different areas. of course, a great upset to many of us is that there are so many civilian casualties that are showing up but we see the red sea being shut down, and a couple of other economic results from this going on so i would be very careful of geopolitical surprises >> arthur, my first time down here with you, 199 you were kind enough to let me

in on the crowd. thank you for your leadership, patience, and mostly, your guidance through the years these are retired and current members of the new york stock exchange 120 showed up today. everybody, happy new year. thank you for coming down and being with us. kelly, look forward to being with you in 2024 >> you too, bob. and hello to everyone down there. i miss seeing you guys great to see some familiar faces again, and hearing wise words from art cashin. thanks, everybody. happy new year big tech did well this year, but it was a different story for start-ups. smaller, less profitable companies taking a hit thanks to higher borrowing costs many now face an inflection point in 2024. julia has a preview. >> reporter: well, in 2024, start-ups are hoping for a rebound both in investments and also in ipos after this past year, the ipo market was very tight, and investments dropped

dramatically investments made lower valuations, and start-ups suffered from the implosion of silicon valley bank and higher borrowing costs. crunchbase forecast ending what they will protect the lowest year for venture funding since 2018, a 39% decline to $462 billion invested in start-ups worldwide this year. with cutbacks across every different funding stage. ai bucked the trend with a 9% increase in investment in ai startups, bolstered to big checks written to openai companies in the semiconductor and battery tech space did show gains. but web 3, fell off a cliff. now, next year, the good news, funding is expected to increase. there's forecasts it will reach

a level comparable with 2020 according to pitch book. and that's in part because investors have plenty of dry powder more than 4,000 funds were raised sense the beginning of 2020 the lower valuations we're seeing may look to investors like a good opportunity. this according to pitchbook, and predicts the number of vc funds will wane over the next few years. they forecast a return for some ipos next year, but as investors are more focused on profitability rather than growth, startups that can delay an ipo until 2025 may decide to do so. but there are close to 1500 companies with valuations of $1 billion or more, so there is a big backlog, about 75 companies waiting to go public so now in this volatile startup land scape, we are looking for the next round of disrupter 50 that's our list of fast-growing, private companies changing the

status quo we are accepting nominations now. go to cnbc.com/disrupters or scan the code to learn more. >> it will be curious to watch more of the fallout. julia, thank you let's get to pippa stevens for the cnbcs new update the death toll from russian missile attacks in ukraine this morning is rising. 31 people are now confirmed dead, and more than 120 injured according to ukrainian authorities after missiles hit residential buildings in kyiv. it's considered one of the largest missile strikes in the war so far a price hike is coming to prescription drugs according to data analyzed by reuters, drugmakers plan to raise the price on more than 500 drugs starting early next month. the anticipated price hikes as the administration prepares to negotiate prices for some drugs beginning in 2026. the struggle for recent mba

grads to get a job is speeding up only 86% of harvard business school grads had a job offer this year within 90 days of graduation last year, the rate was 95%, and 96% back in 2021 stanford reports a similar trend. kelly, back to you >> that's interesting. see you shortly. coming up, 2023 might have been the year of ai, but next year could belong to the metaverse. yes, the metaverse could be making a big comeback. and there's a battle shaping up between two tech heavyweights. we'll give you details, next

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a birthday brunch, or a vow renewal for your dogs? yes! the right drinks delivered for any party. drizly. welcome back remember the metaverse, the promise of virtual reality taking over the internet, workplaces, even social interactions it hasn't panned out yet, but

the metaverse might get another boost in 2024. steve kovak has that story >> ai is so 2023 let's talk about the metaverse instead. apple is expected to launch its vision pro headset in the new year, a start of a new platform war like when you had the pc versus mack. now it's meta versus apple meta has a head start, though, selling headsets for years, and that includes the new quest three, which launched this fall and appears to have been a hot gift this holiday. let's take a look at what apple has said about the vision pro. here are about 500,000 shipments expected throughout the year in 2024, largely in part because it's going to be a limited debut, at least at first in the u.s. only and only at apple stores and the price is going to be a huge factor between these two. meta's quest 3 costs $500.

vision pro, $3500. look, i've used both headsets. meta has improved a lot, especially this generation, and especially with visual quality but the vision pro from apple, it's the next level. it has super clear visuals, great hand tracking for manipulating objects it can track your eyes the vision pro also has a better app ecosystem. it's going to be able to run any ipad app right out of the box on launch day meta has a smaller app library but partnerships with big names like microsoft and self-games companies. but mixed reality headsets haven't taken off yet, but apple could change that, and it's going to be the battle of apple versus meta, kelly >> i was chuckling when you said ai is so 2023, because the metaverse is so 2022 yet here we are with them making a comeback it will be exciting to see how the apple headset does i think about what you said on

christmas day, was it the oculus, is that more of a gaming experience >> i would describe them as both trying to do the same thing, but apple's experience, i've only had a limited time with the apple one, but it's like an elevated version of everything meta is doing. it's like i'm looking at you right now crystal clear. the meta ones have been almost like looking at a screen door. >> isn't it true i can see your eyes blinking when i look at you? >> there's a front facing c camera you scan your face and it takes a picture of your face when someone is wearing it, you can see their eyes so it looks like a complete face, you're not blocked out from the rest of the world like you are in the meta. >> what did you say the price point? >> $3500 for the vision pro. so that's going to immediately eliminate a lot of people, whereas the meta sells for $500

and they have a cheaper one than that >> when do we expect them to launch >> any time now. >> at an event >> i think we'll get a press release saying, i would not be surprised next week or the week after. we get the final details saying, here's the launch date here's where you can buy one and so forth so forth will you it will be limited.

(sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ >> today, cnbc's ear and wra

up and a look ahead what could impact your investment -- in the global economy, how

>> welcome back. massive price swings, bi incentives, and tons of ne competition.

it's been a wild year fo evades what will 2024 bring, and what names should you buy, in which our best to avoid? joining me now for our - of 2023, - chief market strategist. gina, welcome, thank you for playing ball with us all yea long year. i'm excited about this one i particular we have a couple different names. one is actually an ev ecosyste play you like, schneider electric a french fdr, 44% this year up for his third best year on record it was our mystery chart the ev charger power good tech manufacture, ending with a ten-week winning streak this year making multiple acquisitions, even opening a charging depot for ev trucks i california this is definitely a bit of an under the radar stop, but it really is an interesting story you think it has more -- >> we do this is a stock that already has a massive business eve before the ev boom began this is a stock that service the grid, and they are - even oil and gas infrastructure

but the move tv for them was quite easy, because they wer in the business of makin electric everything. you know, electric switches, electric voltage, et cetera. this is the kind of stop tha is going to win no matter wh wins you know, the problem is, when you go up market, you start to get into the ev charging plays -- not even profitable yet. so you know, we think this is stop that, it's going to continue to run no matter what happens with the ev play but it is set to benefit hugel from it. >> you also like album murrow. that's your next by. even though as many people know, it's down 33% this year. third worst year on record why would you buy this one >> this one is if you look a schneider, snyder is trading a 26 times album are illustrating at 26 times. a lot of rate -- challenges that they have in chile. they're largely priced in. they are the largest minor o

lithium. lithium is the biggest, th biggest component of batteries and the element that is th hardest to get your hands on and they are even if they do have challenges -- much rather have the mos competitors. >> - you pick it up here? >> yes we do. look, this is a stock that wil outlive. right now are going through slowdown and all semiconductors because demand is falling. but this particular semi, they make a chip that is very, very well suited for electric charging rather than your silicone chip this is a car bite silicon chip, this will actually a make charging faster, and also make the car run mor officially in charge longer this is the exact chip tha

every ev maker wants in thei car. regardless of who they are >> really interesting point. let's move on to your bill then, which is vin fast. -- 80% of early highs the vietnamese ev maker, they're still opening, is it a u.s. dealership, making quarter million cars this year they have a factor in nort carolina you wouldn't give them a chance? >> now, it's a hard one to pla right now. i'm not gonna say that the can't make a go of it. but if you look at part of, yo go back to when tesla was firs getting started, everyone wa really, really - whether nothing could make numbers. whether they could figure ou manufacturing. that was all about them with the -- > that's so true five seconds remaining i just have to ask you about testing itself what about byd, are those of

five for you >> it's interesting. because china is this -- largest consumer in the world. so you know, if you're willing to step into china - >> all right >> it is what it is. >> gina, thank you so much we appreciate all your tim this year. gina sanchez with lido advisors that does it for the exchang everybody. dame is in for tyler next on power lunch, we're running thugthmaeton the other side of this break the other side of this break when you think of investment risk, do you consider climate risk? changing weather patterns are impacting the way we live and the value of businesses large and small. this can mean disruption to supply chains, changing demand for products and shifting regulation. what does this mean for your business, your clients, and your investments? ice offers data and markets that can provide critical insight. manage your climate risk with ice. this thing, it's making me get an ice bath again.

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have a new year. i am beside kelly evans, i'm dominic chu. today's last trading day of very, very good year for the markets. we'll give you all of th numbers -- in the records i could still fall, and what will drive th market kelly, in the year ahead >> plus, the big stories o 2023 a.i., taylor