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Dec 27, 2023
12/23
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microstrategy up 8%. coinbase up 7%. and robin hood markets up 4%, as well.t's part of that crypto ecosystem, and, again, to put this in context, these are massive moves. check out on a year-to-date basis. bitcoin is up 150%, 160% you can see there. but microstrategies, up 360% in that same span, and marathon digital, a bitcoin miner, up about 776%. by the way, kelly, microstrategy and marathon digital, two of the most highly shorted stocks in the market right now. so as we talk about some of the drivers there, cope an eye on those. by the way, if you want more, go to cnbc.com. we have a layout on just how much bitcoin has been driving the action in the stock market. back over to you. >> those players a key part of the melt-up we are seeing. >>> stocks broadly are on track for a ninth straight week of gains, with the s&p trying for a record close since january of 2022. my next guest see rate cuts coming for all the wrong reasons. welcome to both of you. good to see you. joe, i'll just start with you. you know, what gives you the conviction to stay on the glas
microstrategy up 8%. coinbase up 7%. and robin hood markets up 4%, as well.t's part of that crypto ecosystem, and, again, to put this in context, these are massive moves. check out on a year-to-date basis. bitcoin is up 150%, 160% you can see there. but microstrategies, up 360% in that same span, and marathon digital, a bitcoin miner, up about 776%. by the way, kelly, microstrategy and marathon digital, two of the most highly shorted stocks in the market right now. so as we talk about some of...
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Dec 27, 2023
12/23
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marathon digital, coin base, microstrategy up more than 350%, each of them, this year.k at marathon, up 808%. the bitcoin miner marathon damageal leading the pack. steve, what makes the most sense in 2024, the digital currency pure play or stocks with deep crypto ties? >> people that are in love with this space are going to be truists where they just want to buy the actual -- >> the asset. >> the actual asset. but bitcoin, other than a finite supply of it, it doesn't really have a use case. so, i lean towards ethereum, that doesn't have a constrained supply of it, it could be literally unlimited, but there's use cases to ethereum. there's not with the bit count. your question -- >> what are the use cases? >> every other -- every other crypto-currency, or, other crypto-currencies can trade on the ethereum platform. and then, also, you could have anything -- they take the legal-ese out of the stuff. things that are meant to be done on block chain can be done with the ethereum platform that are just plug and play. so, you don't really get that. bitcoin is the digital gold.
marathon digital, coin base, microstrategy up more than 350%, each of them, this year.k at marathon, up 808%. the bitcoin miner marathon damageal leading the pack. steve, what makes the most sense in 2024, the digital currency pure play or stocks with deep crypto ties? >> people that are in love with this space are going to be truists where they just want to buy the actual -- >> the asset. >> the actual asset. but bitcoin, other than a finite supply of it, it doesn't really...
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Dec 5, 2023
12/23
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and shares of microstrategy continuing to climb.ck rallying 10% already this week as the crypto rebound gained steam. as of november 30th, microstrategy holds more than 174,000 bitcoins bought at an average price of around $30,000. not bad. >>> meanwhile, two stories highlighting the growing tensions between the u.s. and china. beijing on defense after the commerce secretary that more controls on tech exports to china are coming. plus, shein coming under fire for its labor practices. cnbc's eunice yoon is here to break it down, here with the latest -- >> yay, welcome. >> it's great to have you here. stateside. but almost not surprising that beijing has fired back at the comments. they were very strong. >> yeah. >> when she was talking about nvidia and if they make a chip that gets around the controls, they're going to go after that. >> right, right. so, the government overall is feeling that the u.s. export controls are meant to contain china. so, that's been the narrative that we've been hering for quite some time. overnight, state
and shares of microstrategy continuing to climb.ck rallying 10% already this week as the crypto rebound gained steam. as of november 30th, microstrategy holds more than 174,000 bitcoins bought at an average price of around $30,000. not bad. >>> meanwhile, two stories highlighting the growing tensions between the u.s. and china. beijing on defense after the commerce secretary that more controls on tech exports to china are coming. plus, shein coming under fire for its labor practices....
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Dec 27, 2023
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so companies like microstrategy and marathon digital holdings. those stocks among the highest shorted stocks in the market right now and hold bitcoin and other cryptocurrency on their balance sheets as well. massive moves in terms of micro staej and marathon digital holding. some of the big winners because of the bitcoin move. >> robinhood too. i don't know if it's a bitcoin mover. >> it's up about 60% this year, which is very respectable but not unlike some of the 400-some-percent gains in the other stocks. >> after the break, speaking of stocks on a tear, mag 7 tech stocks the group up nearly 20% in two months p. we'll get the top picks for the new year. stay with us. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brillian
so companies like microstrategy and marathon digital holdings. those stocks among the highest shorted stocks in the market right now and hold bitcoin and other cryptocurrency on their balance sheets as well. massive moves in terms of micro staej and marathon digital holding. some of the big winners because of the bitcoin move. >> robinhood too. i don't know if it's a bitcoin mover. >> it's up about 60% this year, which is very respectable but not unlike some of the 400-some-percent...
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Dec 29, 2023
12/23
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mi microstrategy. up over 365%. bitcoin marathon digital up 700%. coinbase up 425%.ook at that chart. speaking of the markets and everything else, we need to get a check of the top corporate stories with silvana henao. happy new year. >>> frank, what a year. i'll get to the last set of headlines for you for 2023. let's stick with cryptocurrency. a federal judge ruling against terraform saying the company violated the u.s. law by failing to register the cryptocurrencies before their 2022 collapse. kwan has been charged by prosecutors as he fights what terraform calls meritless claims by the s.e.c. they will have their scheduled trial at the end of january. >>> elon musk is not faring better in the courts with the x platform losing the battle over harmful social media posts on content moderation policies. musk said it violates the free speech rights of social media platforms like sony and discovery and apple pause spending over the anti-semitic posts. >>> and speaking of elon musk, the military robot spaceplane taking off from florida last night. the rocket has the pot
mi microstrategy. up over 365%. bitcoin marathon digital up 700%. coinbase up 425%.ook at that chart. speaking of the markets and everything else, we need to get a check of the top corporate stories with silvana henao. happy new year. >>> frank, what a year. i'll get to the last set of headlines for you for 2023. let's stick with cryptocurrency. a federal judge ruling against terraform saying the company violated the u.s. law by failing to register the cryptocurrencies before their...
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Dec 7, 2023
12/23
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boyne case and microstrategy have benefited.s pointed at the january 10th deadline for the s.e.c.'s potential approval of a bitcoin etf with a clear catalyst on the near term horizon. they said they wouldn't be surprised if we see retail traders to continue to pump flows into the space over the coming weeks. >> kate, thank you. thoughts on this? anticipation of etfs and it's just been going that way. >> if you think you missed this and you want to play catchup, one under the radar way to do it is robinhood. this is a stock that used to move tick by tick with crypto. if you think about the main driver of profitable activity on the robinhood platform, it is crypto. this is a heavily shorted stock. it's been out for the count. it's rebounded a little bit off its year low. that might be a way in the stock market, if you wanted to. i don't want to. i'm not putting this trade on, but it's -- >> what's the difference between liking the potential of what robinhood could do -- >> because i'm more of a long-term investor. i'm describing a
boyne case and microstrategy have benefited.s pointed at the january 10th deadline for the s.e.c.'s potential approval of a bitcoin etf with a clear catalyst on the near term horizon. they said they wouldn't be surprised if we see retail traders to continue to pump flows into the space over the coming weeks. >> kate, thank you. thoughts on this? anticipation of etfs and it's just been going that way. >> if you think you missed this and you want to play catchup, one under the radar...
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Dec 1, 2023
12/23
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130% this year and on pace for its best year since 2020, and while crypto tracking stocks like riot, microstrategy and coinbase are up more than 250% since january. a u.s. judge blocked montana's first of its kind ban on tiktok from taking effect on january 1st, saying it violates the free speech rights of users and oversteps state power. tiktok owner bytance sued montana back in may in an effort to block the ban. >> are you on tiktok yet? >> nope. >> i'm on there. i get on there but it's just -- i don't even know how to describe it. >> i only watch videos people send me. >> it's all over the place. >> it seems that way. >> very interesting story. 'll ed to create a "worldwide exchange" tiktok. see you later on the show. >>> the one word investors have to note today, but first why energy traders are not buying what opec is selling, even with the promise of a 2.2 million barrel production cut. much more on tech's magnificent november and who do we have our eye on. >>> a week-long look at the a.i. arms race with a look at the cloud and ceo of one major a syer in that space. bu hour ahead when "world
130% this year and on pace for its best year since 2020, and while crypto tracking stocks like riot, microstrategy and coinbase are up more than 250% since january. a u.s. judge blocked montana's first of its kind ban on tiktok from taking effect on january 1st, saying it violates the free speech rights of users and oversteps state power. tiktok owner bytance sued montana back in may in an effort to block the ban. >> are you on tiktok yet? >> nope. >> i'm on there. i get on...
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Dec 6, 2023
12/23
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shares of crypto players coin and microstrategy down 2% to 4% today after those comments. a resurgence hoping that a spot etf could come as soon as january, but -- nope. our next guest doesn't think this run will last. our guest is mike khouw. mike, what do you see here? what do you think? >> look, coin base has had a huge run here, and if you go back to 2021, revenues are off 60% since then. but it's actually only 40% lower this year. and i could see it retracing some of the gains, not just on jamie dimon's comments, but the fact is, you know, i think it's probably just a little bit overbought here. right now, the options are implying this thing could move 24 bucks higher or lower over the course of the next 30 days, so, if you are thinking about taking a bet on the short side, how might one do that? i was just taking a look at to february, the 110 90-put spread, that would cost $4.60 or so when i was looking at it earlier today. basically, you'd be risking a little less than 3.5% of the current stock price to make a bearish bet that's going to expire in more than 70 days
shares of crypto players coin and microstrategy down 2% to 4% today after those comments. a resurgence hoping that a spot etf could come as soon as january, but -- nope. our next guest doesn't think this run will last. our guest is mike khouw. mike, what do you see here? what do you think? >> look, coin base has had a huge run here, and if you go back to 2021, revenues are off 60% since then. but it's actually only 40% lower this year. and i could see it retracing some of the gains, not...
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Dec 4, 2023
12/23
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check out the gains in coinbase, microstrategy, marathon digital.p 300% or more so far this year. let's ask the baller, longtime "fast money" friend, brian kelly, he's back in the house, can't get enough. can't get enough of him, either. brian, welcome back. >> thank you. >> so, obviously you're long, you're very bullish. >> yes. >> has anything changed in terms of the trajectory move higher? >> not really. so, this move is really built on this anticipation of an etf, probably january 5th to january 10th. as it gets higher, of course i'm going to get scared, because how much of that is already priced in? we're getting pretty close to that. in terms of the longer term trajectory for bitcoin, you have to think, we're in this one to two-year bull market period, we'll have the pull-backs, even in '17 when we had a massive run, we had months it was down 30%, 40%. so, you just have to keep that in mind. >> january 5th to 10th. seems like it's all downside. you have the sell the news or the disappoint, so how do you position into that? >> i think you're lo
check out the gains in coinbase, microstrategy, marathon digital.p 300% or more so far this year. let's ask the baller, longtime "fast money" friend, brian kelly, he's back in the house, can't get enough. can't get enough of him, either. brian, welcome back. >> thank you. >> so, obviously you're long, you're very bullish. >> yes. >> has anything changed in terms of the trajectory move higher? >> not really. so, this move is really built on this...
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Dec 27, 2023
12/23
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microstrategy shares up 330-some percent over the course of the year.hares, by the way, seeing some movement because of momentum in the pre-market as well. broader check on the broader s&p 500, because a banner run since the october 27th lows we saw. the blue line is going to be the market cap weighted s&p 500 up 24% so far this year. loosening the 27th, eye-popping 16% gain overall, but outdone, believe it or not, by the equal-weighted s&p 500, which weights everything on a more equal basis as opposed to market-cap weighted. since the lows, by the way, also more respectable 18% gain for that equal-weighted s&p 500 index. steve, that shows you a little more about, this idea that there is a possible broadening out of the rally. it's not just the so-called magnificent seven stocks and tech media and telecon driving the gains recently that many more companies participated. some notice out performance in financials notably during that time period as well. interesting move and dynamic. one trend traders and investors are seeing if it carries over into to2024
microstrategy shares up 330-some percent over the course of the year.hares, by the way, seeing some movement because of momentum in the pre-market as well. broader check on the broader s&p 500, because a banner run since the october 27th lows we saw. the blue line is going to be the market cap weighted s&p 500 up 24% so far this year. loosening the 27th, eye-popping 16% gain overall, but outdone, believe it or not, by the equal-weighted s&p 500, which weights everything on a more...
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Dec 13, 2023
12/23
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microstrategy. the federal reserve later this afternoon, a three-part story.ment, projections, and a news conference with chairman powell. then, for many year over though as bramo will remind you the ecb if that takes your fancy. futures are positive on the s&p. a minor, no drama move this morning, but over the last month or so, since the fed last met, we have seen a move of about 10% on the s&p 500. if you want to look at the regionals, the kr ee, the banks in america, up by more than 20% since early november. tom: i looked at the charts, and the two basic indexes that they have, and i get the bounce up, but it's stunning how far we went down and how far we have to go to get back. it is a long ways away. jonathan: all of this off of the back of the bond market move. it has been phenomenal. tom: the bond market move is correlated in. there is a feeling out there that someone will save everybody. is that still out there? i remember they shut down 10 banks in a weekend. i remember in the 1970's bob seeger on the radio, you could see through the floor of your car
microstrategy. the federal reserve later this afternoon, a three-part story.ment, projections, and a news conference with chairman powell. then, for many year over though as bramo will remind you the ecb if that takes your fancy. futures are positive on the s&p. a minor, no drama move this morning, but over the last month or so, since the fed last met, we have seen a move of about 10% on the s&p 500. if you want to look at the regionals, the kr ee, the banks in america, up by more than...
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Dec 7, 2023
12/23
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if you look at the public stocks, look at marathon or microstrategy.k doesn't go down. there is an unbelievable pent-up demand with u.s. retail equity investors to get exposure to crypto. marathon, riot, all those stocks trade amazingly well with large volume. and so, i really think there is a much broader base of people that want to own digital assets, that want to own bitcoin, than just the few, you know, crazy bitcoiners that maybe anthony was talking about. >> michael, we're going to leave the conversation there unless my good friends becky, joe, want to weigh in. i know you -- he read all the materials. joe -- >> i just, you know, finally to put it to rest, i don't know when you do put it to rest, i don't know how long, i have people willing to argue on a daily basis about it and they go, well, let's see, the best performing asset for one year, five years, ten years and 15 years, so, you've missed it the entire way. you haven't had it the entire way. when do you say, i was wrong, or i guess it could still go to zero, but then i say there is books
if you look at the public stocks, look at marathon or microstrategy.k doesn't go down. there is an unbelievable pent-up demand with u.s. retail equity investors to get exposure to crypto. marathon, riot, all those stocks trade amazingly well with large volume. and so, i really think there is a much broader base of people that want to own digital assets, that want to own bitcoin, than just the few, you know, crazy bitcoiners that maybe anthony was talking about. >> michael, we're going to...
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Dec 4, 2023
12/23
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to crypto like coinbase and robinhood, which are each up about 7% for coinbase, 3.5% for robinhood, microstrategiesre catching that bid as derivative plays. elsewhere on the stock side, lulu lululemon, which is down roughly 1.5 to 2%. just around 6,000 shares of volume. the move being driven in part by analysts at wells fargo. they've downgraded shares from an equal weight to an overweight. now they cited amongst other things, the solid run year-to-date as you've seen up 43%. given their previous upgrade thesis about overseas market growth, other factors, they're all playing out. we're going to end on shares of uner technologies, jabil and builders first source, each of those will be added to the large cap s&p 500 effective december 18th. uber of course the ride hailing giant, transportation logistics company, jabil, a contractor of tech products and builder first source is a products suppliers. they will replace sealed air, alaska airlines and solar technologies, which are moving to the mid cap index. interesting moves there. i will just say again, i love the fact that the niners are doing so well
to crypto like coinbase and robinhood, which are each up about 7% for coinbase, 3.5% for robinhood, microstrategiesre catching that bid as derivative plays. elsewhere on the stock side, lulu lululemon, which is down roughly 1.5 to 2%. just around 6,000 shares of volume. the move being driven in part by analysts at wells fargo. they've downgraded shares from an equal weight to an overweight. now they cited amongst other things, the solid run year-to-date as you've seen up 43%. given their...
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Dec 28, 2023
12/23
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microstrategy now owns 1% of bitcoin circulation.t around seven dollars after the i.t. of bankruptcy. solano today trading at $110. so if you are holding solano, it's a great year, there's a tremendous amount of activity in the ecosystem. i'm going to go back to bitcoin, bitcoin is bringing smart contracts, ethereum has not seen a lot of price activity this year, and coincidentally not a lot of inflows either. in theory him still with a lot of activity and development in terms of scaling, bringing down most transaction fees which do get quite high at times. so overall it has been exciting q4. a lot of people were not expecting this rally. that's why we call it the most hated rally. >> any idea what went on in the digital currency group, the parent of grayscale? >> i have no idea what is happening behind the scenes. but i do think grayscale, obviously they have 35 billion dollars in assets under management, the largest holder of bitcoin in the etp space today. there's a lot of questions right now around the future for the gptc product
microstrategy now owns 1% of bitcoin circulation.t around seven dollars after the i.t. of bankruptcy. solano today trading at $110. so if you are holding solano, it's a great year, there's a tremendous amount of activity in the ecosystem. i'm going to go back to bitcoin, bitcoin is bringing smart contracts, ethereum has not seen a lot of price activity this year, and coincidentally not a lot of inflows either. in theory him still with a lot of activity and development in terms of scaling,...