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tv   Fast Money  CNBC  December 31, 2015 5:00pm-6:01pm EST

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you. >> a great picture. congratulations, bonnie. you can go back to canada cheaply with that cheap canadian dollar. >> that's it for "closing bell." >> happy new year! >> good luck with the new show monday. >> wake up early 5:00 a.m. >> happy new year, everybody! live from the nasdaq market site in the heart of all the action tonight, that would be new york city's times square as we count you down to 2016. i'm melissa lee. our traders seated up ready to ring in the new year. banking on biotech after a strong finish in 2015. what are the next big catalysts ready to send the sector soaring? later, capitalizing on the times square crowds from appleby's to olive garden, offering high-dollar dinners with the
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view of the ball, but is it worth the $400 price tag? the taste test with the spread from appleby's. it's officially a wrap on 2015. ending down 178 points. dow and s&p seeing their worse year since 2008. nasdaq finished positive by 5.5%. take a look at stocks that stood out this year. the top two dow performers, they were nike and mcdonald." the top two s&p 100 performers, ahmae amazon and netflix, trades for the year. do you bid them along? >> happy new year. >> timmy was all year long belling mcdonald's. they've proven they've gotten through their growing pains or difficulties they were having and figured it out good. for them. i think you stay with netflix as
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well. it has not traded well for the last 1 1/2 months, two months or so. netflix faltered. i still think it's too hard to replicate it. when earnings come around, you are going to be happy you were involved in the stock. >> how can you say it's too tough to replicate netflix? there is a lot of competition. anyone who's got distribution like an amazon or someone could get in the game. >> it's a sticky user base. they took one misstep over the last six years and have not taken one since. even when they recently raised prices, people stuck by them. that's when i say it's too hard to replicate. it's the stick aniness of their user base. >> you acknowledged it can be replicated. >> it will be replicated. absolutely. >> we've got such a lead. you have producers, writers in
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hollywood. netflix is the go-to choice. they've got the distribution network and original content is their game. they are doing really well. >> at some point competition matters, right? they may have that lead, but frankly, i'm indifferent. if i like the show, i'm going to hit the app whatever show it's on 0. it doesn't matter if it's netflix or no i don't care. at some point that does matter. i'm not saying short netflix, but if you're in netflix and have a significant profit, why not trail a stock, buy puts or something. when these crack, they are so crowded, they are going to be crushed. >> i want to broaden the conversation to other stocks that stood out. who would be long netflix going into 2016? >> show of hands. >> pattern is full. >> let's talk about are you sticking with mcdonald's? >> three quarter numbers were a nice beat. international sales up. this stock went nowhere for
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eight straight years. trading at $100 or $90 to $100. valuationwise, not cheap. innovationwise, i think they're getting there. don't run from that stock. >> is this the year 2016, this being tomorrow, that apple gets out of the funk? >> no. i think apple is going to stay in the funk for a very long period of time. i'm not a buyer of apple. i don't think it's going to go much lower, but i don't see it taking off as a name you want to own into 2016 from a growth perspective. >> if it's a laggard don't they have to do something? >> at these levels, apple is a great risk/reward going into next year. we know all the fundamentals behind it. it has come off so much. the sentiment has changed a bit. we know about the supply change issues. that's in the stock. now you start to look out and say what are going to be the catalysts coming into next year? at $105 now, i've got a good risk/reward for a nice upside. >> we will know whether or not those fears about tough comparisons are true.
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>> the comps are brutal. i think even though it's in the price, people will be disappointed. i'm different than dave on this one. i don't run from the stock. i own the stock. $105 is a major level on the stock, technically. valuation, i'm not sure. are they going to do the same things? in a world where buybacks have gone down, it's not as if they financed their dividend but they did it because they didn't want to bring onshore money back or offshore money back onshore. what will happen to that approach with their balance sheet, i'm not sure. $105, remember, i don't think you have to buy it here. you can wait. >> we'll vote on the loser. show of hands, long apple into 2016? >> yeah. >> 3-4. let's move on. could stocks be on the verge of another 15% move higher? that's one of the biggest bulls on the street says, tom lee. thank you for joining us on this new year's leave and bracing the crowds in times square. >> it was kind of tough to get
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here tonight. >> once you're here it's nice. >> it is. >> the thinking we had a down year and we don't usually see back-to-back down years. >> yes. 2015 was a disappointment. the dollar, oil, high yield weighed on the markets. it's rare to see stocks post two flat years in a row. either a bear market starting or a double-digit year. >> a pretty big difference. that's really opposite sides of the spectrum. >> correct. the chances of a bear market would be you have to have a recession. you would have to say did everything that happen in 2015 create condition for recession? if you think high yields are going to take down the tape, why are the banks holding up well? i don't think we are going to have a recession. flat years are followed by a double-digit gain. >> we love having you on. you did get 2015 badly wrong. your price target for 2016 is almost where you had it 2015.
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why are you so convinced that 2016 is going to deliver these double-digit returns? >> sure. you hit it on the head. we are pretty much rolling forward what we thought would happen 2015 to next year. think about this. what was a great stock in 2015? something like google or amazon. they were terrible stocks in 2014. a bad year doesn't mean next year is equal lly bad. i'm optimistic oil won't be a huge drag. i think the dollar, if it's flat, it's hugely helpful to earnings. if the dollar weakens, it's a huge tail wind. things are better next year. that's why we think we can do double digits. >> for you to get to your price target, does oil have to rally significantly from the $37 we are now? >> oil just has to stop being in the bad zone. i think really below $45, oil is bad for the world.
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it's creating too much credit stress and it's creating misallocation of capital in the other direction. we are not allocating oil to future projects. some time in the future oil will have a huge spike. i think $45 is a price you want to see because it takes stress out of high yields. the faults go from 20% down to 6% in 2016. so i think it's important. >> where are you on s&p earnings? it comes down to this. earnings revision ratios have been coming down if you pay attention to those. we are going to be at nine-month lows and some sectors at five-year lows. that is really where the call on '16 comes from. >> i think that's right. if you think about what took away from earnings the most in 2015, it was the dollar. the 9% move in the dollar was almost $10 out of s&p earnings. if the dollar's flat, you are taking away a $10 head wind. there was underlying organic growth. if you think the dollar is flat,
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we will accelerate earnings next year. >> i'm sure people hope you're right. good to see you. >> thanks for having me. happy new year. >> happy new year to you. >> i think the jeffrey all market is one thing. individual stocks are another thing. it's going to become a very bifurcated market, more than we saw this year. i'm not a buyer of an index right now. i'm a buyer of individual stocks. i'm looking for stocks with catalyst and growth opportunities i can invest in. >> i'm in the camp we are on the path to recession in 2016. we potentially already started a bear market. that's where i view this. i do think the dollar is going to go higher. we have $59 trillion short position in the u.s. dollar that needs to be covered. that will get oil lower. oil goes to at least $25 a barrel. that's how i'm looking at 2016. the one thing on the back half of the year, if oil can stabilize at these levels, it takes about 18 months for a low oil price to filter into the consumer.
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that would be the back half of 2016. lest you think b.k. is bearish, there is light at the end of the tunnel. >> the pain of oil will come in the first couple months of the year. you'll see it get to levels b.k. saw. to get to tom's target, it's got to rally north of $15. >> we forgot about the fed. the fed uncertainty injects market uncertainty. they are in very different places with fed funds. up next, a wild ride for oil this year with crude prices falling 30%. the next big breakthroughs in biotech, the catalyst that could send several stocks flying next year. names to bring you big profits. we are just a little less than seven hours away from 2016 on the east coast. live on the ground out in times square for the latest and all the security measures as we gear up for that big ball drop. much more "fast money" up next. it's hard to find time to keep up on my shows.
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that's why i switched from u-verse to xfinity. now i can download my dvr recordings and take them anywhere. ready or not, here i come! (whispers) now hide-and-seek time can also be catch-up-on-my-shows time. here i come! can't find you anywhere! don't settle for u-verse. x1 from xfinity will change the way you experience tv. hello, i'm sue herera with breaking news out of munich, germany. officials confirming to nbc news they are aware of a terrorist
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attack that has been planned. at this hour, munich police are confirming to nbc news they evacuated two train stations in munich. due to the terror threat. they are asking people in munich not to gather in crowds. at this point, they are not allowing trains into the main train station or the pasing train station and are evacuating it. nbc news confirming with munich police is there a terrorist attack that has been planned. we will keep you posted. back to you. >> sue herera, thank you. turning to a big mover, that would be oil. crude is our top trade of the day and the year. crude is down about 30% for 2015 making energy stocks the worst-performing sector in the s&p 500, putting pressure on the entire market. b.k., comments on iran today?
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>> there are new sanctions against iran. potentially new sanctions that could disrupt the supply. everything is thinking iranian barrel will come on the market in the first quarter of 2016. maybe it doesn't happen now. at least that's what the oil market was saying today. i'm in the camp it still happens because the rest of the world ignored the sanctions saying we'll buy oil from iran. i think this is a one-day type of move. >> i feel like the oil market's been waiting for something like this. frankly, i've been waiting for something like this. do you think they are going to agree to these terms? you think tehran will take this slap on the wrist? >> china will still be open up to it. >> i would say tehran needs oil prices to be higher. everyone, including saudi arabia, needs oil prices to be higher. creating a situation where they bring oil back to the market is one of the catalyst oil needs. you're at a place where you had the perfect storm. oil could have traded worse than
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it has. back to oil equities, note brent rallied significantly over pti today. that's a case where refiners do well. if you think this is a trade that continues, refiners could continue to do well. i think the trade is the best of breed, integrated names, like exxon, like chevron, like conocophillips and totel. >> i think we'll see a disastrous first half of the year as you see these companies, the smaller ones that have liquidity issues go bankrupt it. think you'll have an opportunity to buy much cheaper and maybe the first half or first nine months of the year. avoid them at all costs. stay short the debt and long the equity when things break. >> schlumberger and halliburton, both these stocks two-yearish lows. both will push down the levels they saw in 2012. they can't get out of their own
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way. you had m&a chatterish in the space. has not helped. today was a quiet day. oil given the news should have rallied more than it did. granted, maybe not a lot of people around. every piece of bullish news has been discounted. >> how silly does slum burger look and how smart does cameron international look on that deal in august? anyone who sold shares, sold a piece of their company in that space looks like a genius in hindsight. some of these deals look so absurd. still ahead on "fast," need a ride home? if you take an uber, it will cost you. hours and prices are set to surge and what it means for holiday travel. you're watching "fast money" on cnbc, first in business worldwide. here's what else is coming up. booming biotech. a new year and new catalysts.
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we'll take you behind the three things ready to send the space rocketing higher in 2016. the names that could bring you big profits. plus, 2015 in review. ipo style. which names rocked and which names tanked? >> plus the stocks investors are clamoring to get their hands on in the new year. much more "fast money" on this new year's eve, coming up.
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welcome back to "fast money." cnbc's biotech reporter. >> before we go into 2016, let's take a look back where we ended 2015. it was a rocky second half, it turned out well on the whole, the ibb outperformed the s&p for the sixth year in a row as predicted. up about 12%. rbc has an interesting graph there you can see the relative performance of ibb to the s&p. also the absolute return of the ibb. folks don't think this year is necessarily going to go the same way. i think cowan puts a 40% chance of outperformance for the ibb versus the s&p this year.
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one thing is fda new drug approvals. they are at a 19-year high. 45 new drugs approved in 2015 compared to 41 in 2014. that's a pretty good sign. and pointing out approvals are speeding up with break-through therapy and priority review. those are good tail winds. looking at catalysts for 2016. in january, is duchenne muscular dystrophy. we should get that within the next few years. serepta has outside advisors meeting january 27th. that could k be huge stock move potentially and the decision expected in february. and the election.
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it's the rhetoric around the presidential election. how much focus there is on drug pricing and affordable care act. this place into all the pressure in an election year. it's considered fragile. in 2012 when affordable care act was considered fragile was a tougher year for health care stocks. the third one comes at the end of the year. that's an alzheimer's trial reading from eli lilly. that will have huge implications for lilly and biogen. there is a potential 30% move to the up side on good data for biogen or minus 10% move on negative data. that could have impact on the sector in terms of sentiment for the high-risk programs. that's super important. as for single stocks to watch for next year, the biggest stock is biogen of the large caps. it has a lot of catalysts, a lot of data next year. because of biogen and other things like eli lilly, this might be a jeyear of neurology.
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it will start to come to fruition with important data sets reading out. another neurology stock under the radar is sage therapeutics which cowan picked as one of its top picks for the year. they have data in the second half in a very rare neurological condition. should be very exciting, as well. >> i think about m&a. a lot of the bigger guys, is this the year they come in, they have to bulk on programs. is this the year biogen make an acquisition? >> people speculated they would buy one. good possibility they could do that. gilead should be a huge event if it buys something. >> i look at the space. you get paid for innovation, paid for great growth prospects. the large cap names, i think the ibb in general will outperform the market by 15% this year.
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>> in 2016. >> with all the presidential candidates saying there is too much spending? >> the bar has been set. >> i bet you it will be down 15%. >> the pricing fears reset the bar. you've got a set-up going into '16 that's favorable. we are creating higher lows in the ibb. we defended the ibbs and they are at $300 on this desk. i will tell you that the larger names are really going to perform well, in my opinion. people understand the small to mid cap space will pull it off. >> larger names like gilead are attractive. some of these names underperformed the index. it gets back to a market call. on an earnings growth perspective, it's difficult to argue the biotech sector isn't giving you the best stuff. if we are talking about all the things we are talking about, i think about fed, volatility, a world where if these guys are right about oil and high yield,
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biotech is not going to perform. there's a lot of casual tourist money in the asset class. >> meghan mentioned biojechblt this is a stock that was a $480 stock. i think it traded down to $273 in early december. if you like bristol-meyers at 30 times forward earnings, you've got to love celgene at $20 and amgen at $16. meg, thank you. federal and local security officials are beefing up security across the board. nbc news reporter sara dallof is in the center there. >> the threat picture changed
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over the past one to two years because of isis and events across the world in the past few months. because of that, they have beefed up security here at times square. 6,000 police officers assigned here to patrol the streets, patrol the water, patrol the air. some of these officers are going to be carrying long guns. that is a first for new year's eve celebrations. in addition to that, you are going to have bomb-sniffing dogs and chemical and radiation detectors. that is all in hopes of keeping the 1 million people expected to crowd into times square to watch the ball drop off to a safe and a fun new year's eve. as for the ball, it got a bit of a facelift this year. 200 new crystals added to it. we've been listening to sound checks from various performers. a really star-studded evening. all leading up to the stroke of midnight when a top of confetti, actually more than a ton of confetti will filt skies, rain
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down on these crowds. it will be a fun start to the new year. big job for cleanup crews in the morning. back to you. >> what a hangover that will be. sarah, thank you. right outside of the nasdaq market site is a crowd-free zone. if you look outside the window, it looks like armageddon. nobody is out there except for police officers. we are probably in one of the safest places in new york city tonight. >> luke bryan, you love him. >> unbelievable. >> as does the world. still ahead, 2015 is just about in the books. we'll break down the best and worst ipos of the year. look at what's in the pipeline for 2016. >> our traders are fast, but not always right. some of the trades that still have them scratching their heads and some they would rather forget.
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welcome back to "fast money." we are live in the middle of times square with a few hours to go until midnight. it's officially a wrap of the market in 2015. dow down nearly 2% with 13 of the names finishing in the green. the s&p 500 end of the year just about where it started. down slightly with consumer discretionary. energy the big loser. it's been a terrible year for oil. crude slipping more than 30% for the year taking the energy sector with it. energy stocks were down 25%. those losses really weighed on the entire market. the nasdaq, a major bright spot. managing to end the year up about 6% as tech stocks continued to dominate. check out shares of apple, down nearly 5% for the year. it wasn't apple. some of our traders made calls that didn't work out. let's go around the horn and get
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everybody's worse trade for 2015. tim, what do you say? >> the vested one made a not-successful foray into twitter -- excuse me. i was talking about yahoo. i went into yahoo on a sum of the parts basis that i believed the alibaba investment is misunderstood. holding companies trade at a discount to the parts. this is a case where some of the parts, people are looking at yahoo saying where is the value? i don't think there is any value applied to. we need management to sell the core and focus on adding value here. that's been the biggest problem. i think management has been the problem. ultimately it's a trade i'm going to stay. in where is my stop on this? i put a $29 stop on it. that's mostly a valuation call. it gets that cheap, it doesn't make sense, but it's a function of alibaba. >> i had a really bad call on chipotle. i apologized or the air. it made me sick to my stock.
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the stock got down to around $600. they shut down 43 stores. we thought it would be 10 cents to earnings. obviously more bad news came out and the stock took a tumble. i defended at $600. it was a bad call. i think it's a stock you stay away from until the coast is clear. it's very difficult to navigate same-store sales in an environment like this. it will take a while to shake up. >> that would be chipotle. >> one of the worst pronunciations of the year, by what it. >> for me it has to be blackberry. this has been an anchor around my ankle most of the year. in the last couple of weeks, it's actually perked its head up. for most of the year i was flat-out wrong. i thought that the people would recognize the value of the qnx software. i thought it was a great value
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by. far my worst trade. i'm still it in. now it's got some momentum. maybe b.k. was early. as guy says, early is wrong in this business. >> even if you are wearing a bow tie. >> right. thank you. >> strongly drawing attentions to the outtonights. >> this tie is velvet. >> very nice velvet. >> it changes colors. >> i wouldn't want to touch that. i wouldn't be able to keep my hands off it. >> guy, what is your -- >> baby soft. sorry. >> i can't unhear that. >> gopro. gpro. i was the only one bullish in the name. in july after that quarter looked like i was going to be right and it's been downhill sledding ever since. i believed in nick woodman. i believe they can turn it from a hardware company to a media company. maybe they will. but at $19, the ship has clearly sailed. i've been wrong a long time. i don't apologize for my braces.
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these are sharp. >> known as suspenders here in the united states. >> they don't really go with the tie. >> sure they do. >> they're festive. >> when have i not been festive? we were singing in the break. ♪ the final countdown >> wow. >> as america gets ready to ring in the new year and uber is getting ready for one of its biggest nights of surge pricing, skyrocketing demand sources. they start increasing around 7:00 p.m. then they take a quick dip before midnight. from 12:15 to 3:00 in the morning, price is stay around before around 4:00 a.m. we thought we would check where we are right now. no surge pricing yet. i'm sure no driver would want to pick me up in the middle of times square. >> with that vest on? >> don't be jelly, tim. >> feeling a little envy.
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>> that is quite an investment, if i may. nice. >> it's terrible. we do have a news alert on valeant. seema mody has more. pershing square announcing after the bell it is cutting its stake in valeant pharmaceuticals. the reason, year-end tax planning. the investor has been defending the embattled drug company for a while. from 9.9% to 8.5%. we did see shares slightly lower in after-hours trade by around 0.8%. thank you so much. should we believe the story any less? >> i believe that he is selling for tax laws. i think it's a story you still stay away from. there is uncertainty. it's not a name i want to own to next year. >> i would say, why wouldn't this guy have taken chips off the table around $120 which is where the stock got back to?
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i would think it's probably that. the stock sold off from that point without any news. >> i don't know. it doesn't pass the smell test. it's essentially friday night, new year's eve. tax law selling? it's probably in an offshore account which is that really taxable? i don't know. hedge funds have multiple different investors around the world. it doesn't smell right to me. >> skeptical of bill ackman. >> absolutely. >> it's the bow tie. >> what is your take on the story? >> studliness. i think it got close. this is the next leg potential levels we saw a month ago. to david's point, the headline risk is still too great in this name. >> as we are just hours from the new year, restaurants in times square pumping up the prices.
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consumers are biting. we'll hear from the new york ceo of appleby's later this hour. while waiting for the new year in new york to kick off, check out istanbul, turkey, which is about to celebrate the moment much more "fast money" still ahead.
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welcome back to "fast money." we have a prime view of the massive crowds getting ready for the ball to drop here in times square. several well-known restaurant chains are taking advantage with inclusive evening packages ranging from $375 to $850, but scalpers have bumped prices to over $1,000 a seat. here is appleby's ceo. how much does it cost to spend new year's eve at apple by's? >> $375 a person. >> how does that compare to years past? has the price gone up? >> they have. last year we were at $350. it's been going up every year as the rents go up. what does popcorn cost in the movies, $6. so it's location. we try to do more than simply
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location. and give you more to go. many people just charging for the location which is, you get it once a year. >> are you sold out and surprised consumers are willing to fork over $375? >> actually, no. this is the epicenter of new year's eve, right, in new york? it's in dubai and madrid but new york city is everybody's bucket list. >> instead of standing out there in the corrals, they can spend it warm and eating some of this food you brought with us. >> the typical menu is much more than this. it's grilled sirloin steak, cedar plank chicken. these are just appetizers we brought over. this is a chicken roll-up, these are kobe-style meatballs. this is fresh chicken salad. just some appetizers we have. we've got a chicken cordon bleu, steak, quite an extensive menu.
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we have d.j.s on the floor, party favors, champagne toasts. it's an event. >> which will you be spending new year's at? >> i will be walking back and forth. i'm fortunate enough to have my own credentials this year. i'll be walking back and forth from 50th to 42nd. you are sold out. if guy wanted to bring his wife tonight, would he get in? >> i would make an exception because he's bigger than a many. >> if he were smaller, he would be able to pay for his spot? >> honestly, we are almost sold out. we are not sold out. it's a softer year this year. >> it is. >> i think there is something going on in the economy. nobody has been able to i.d. it at this point. i don't think the data out of washington is exactly the data. i think we are underemployed and people dropped out of the labor force. tonight is a big wage increase. minimum wage goes up.
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there's something going on and has been all year. >> zain, great to see you again. happy new year. >> new year's wouldn't be complete without some booze. joining us to discuss pairings for the holiday and specifically this menu here, wine director for manhattan's city winery. great to have you. i would imagine this is a fairly typical new year's eve fare? >> that's very easy. >> what would you drink with the chicken roll-ups? >> usually i really like chicken with pinot noir. city winery does a beautiful pinot noir from a single vineyard from out of the russian river. one of the well-known, a little more fruit, more intensity. you should try it. it's really great. >> sure. i should probably eat one of those first. >> that's great, right? >> that's nice. >> it's classic russian river. very approachable, very tasty wine.
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the salad. the chicken salad, we also do in city winery we do the chardonnay, a single vineyard from the sonoma valley. it has a crisp, more round palate. >> guys, why don't you walk over here? tell me what you would pair these kobe-style meatballs? >> with the kobe style, it's more of a richer meat. i will like to choose the rijoja. >> i would probably go with some kobe meatball or this or this. pair me up. >> you're having the meatball. you should have the pinot noir. >> the kobe, i would go with the mican. it's one of the biggest families
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in bordeaux to make wine. there you go. >> thank you. >> see if you can get something you could match with those suspenders, as well. >> very few wines match. >> nothing would match. >> i could see a varietal. maybe beaujolais. >> maybe a bow tie next time. >> something in the boone's farm. >> do you have zima? >> nothing, i'm good. >> perfect. >> we might be able to squeeze the last couple of seats into appleby's. this is awesome. >> very good. >> we are drinking wine but we should note new year's eve would not be complete without a champagne toast. we've got a brand-new bottle that is not on the market yet. we'll crack that open and celebrate "fast money" style
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welcome back to "fast money." closing out the year for 2015 wouldn't be complete without a
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look back on some of our most memorable and perhaps most regrettable moments for the "fast money" crew. take a look. >> how long have you been driving? >> about 35 minutes. >> there you go. >> i'm assuming guy adami is fast asleep in his footy pajamas now. >> how many people are avoiding chipote. cho pf chipotle. >> chick-fil-a. >> is it smooth? >> it just made a noise. >> almost like a 400 thread count sheet. >> tim's best has its own twitter account.
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>> about time. ♪ >> and now "deep thoughts by bill gross." a sneeze is, to be candid, sort of half erotic." ♪ >> steve grasso is going to make his way over to the smart board. >> he's at a studio in woods hole, massachusetts that happens to look like a chinese restaurant. >> it could be a chinese restaurant in woods hole, massachusetts, as far as you know. >> man of mystery. >> the market's health has to be called into question. >> exactly your point, dan. >> carter and i we're brothers
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from another mother. ♪ everywhere you look ♪ everywhere is a heart is a heart ♪ everywhere you look >> had some good times this year, guys. >> i tell you, the miami trip was great. >> it was fun. >> the full espradrilles, the pastel guy. >> i find it sad you have a twitter account for your vest that has more followers than i have. >> investment quality. >> it's a fun show. we do have a lot of fun and we all get along really well. david has been a great new addition to the team. we have a great group of people you don't see every night more important than us. >> all the guys in the control
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room. >> we are lucky bunch. we have a great audience we love doing this. i think 2016 will be our funniest year yet. >> wow! that's a big prediction. >> also our most insightful. you wait. >> funny and insightful. i want to watch now. >> i know. >> look at you tonight. >> are you saying i'm funny or insightful? >> both. >> a clown. >> coming up next -- >> ha-ha funny? >> traders will tell what you they are watching for in 2016. perhaps we'll break out champagne.
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welcome back to "fast money" we couldn't sign off without doing a champagne toast. let's welcome back our friend from city winery. you brought a special bottle which will be sold in new york the first time in the new year. >> yes. that's correct. this is the first time in the u.s. starting 2016. one of the most famous champagne in paris. can't find it in a lot of places. only less than 10,000 bottles. really unique.
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>> do we deserve that? >> it's a little too good for you guys but new year's. >> it will hit the store in 2016. you will ib the first ones to try it. >> thank you. >> it's going to be amazing. >> do the honors here. >> yes. of course. >> look at that. >>'s the price? >> this is going to be in the store for around $150. if you can get a bottle at that. it's not going to be easy. >> she is a professional. she can do this. >> beautiful. >> there you go. >> apparently champagne had a record year in 2015. sales were up.
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>> nice job. >> and happy new year. >> pop your thing. >> now i do it? >> yeah. >> it's very difficult. let's hit the final trades now. >> first of all, happy new year. it's been an interesting year for china. china mobile next year. it's traded round trip. time to see the consumer trade into more iphones. china mobile. >> i love bristol-meyers. guy hit on it earlier. it is trading at a higher valuation. the growth there is a stock you want to own. >> i think the trade for 2016 is going to be short the banks. that yield curve is going to flatten out. you'll see these banks get crushed. >> the way 2015 ended, tlt the
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bond market rallies in '16. happy new year. >> happy new year. those are your first trades for 2016. thank you and city wine richlt i'm melissa lee. thanks for >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. >> hey, i'm cramer. welcome to "mads money," welcome to cra merkmerica. call me at 1-800-743-cnbc or tweet me @jimcramer. we show is basted on one idea that it's possible for you, i

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