tv Fast Money CNBC November 18, 2024 5:00pm-6:00pm EST
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nvidia that has to keep going, you got to think and microsoft and others for the market overall to keep going. >> we will be watching walmart tomorrow morning given they were able to take so much market share as inflation remained sticky. including from higher net worth individuals. interesting to hear what they say coming into holiday season. that will do it for us . fast money starts right now. this is fast money. here is what is on tap tonight. retail on deck. wall street near all-time highs, set to report earnings tomorrow while target lags, who comes out the winner. plus robotaxi, tesla is surging. is it really bad for uber and lyft? and netflix new highs in
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the mike tyson event. time to go short on talent here and wishing hpd to the gld. celebrating a milestone s. there more time to shine? coming to you live at nasdaq. we start off with the countdown to christmas. >> oh! >> there are the bells. 36 days left in the holiday shopping season. big week of earnings for an early read on spending. lowes, tjx, and they are talking about target and walmart in the state of the consumer. target is lagging by 50% in 2024. the gap is narrowing, up 9% in the last three months but the last report showed a return to sales growth. the retailer striking a cautious tone. walmart, meantime, gains 14% since mid-august. the company raising last quarter thanks to strength in the first half of the year. less certain how the consumer
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would fair in the second half. how do investors approach retail now? tim, how are you feeling about walmart? >> i feel pretty good. i might feel better about target. hard not to feel good about what walmart is doing on the playing field. they have done a number of things over the last six or seven quarters. the e-commerce loss is reducing, the higher marginal. advertising and membership is great. we know what is going on across the board in terms of their ability dominate food and grocery and maybe a different mix. i think less shrink. i think a dynamic where you have higher margin paying. 3.5 to 4.5% comp year over year it will be strong. question of what are you paying for? i like, i kind of like target more here just because of the multiple. and, again, two times the multiple, really, target, we got it there. there it is. it is a combination more reduced shrink and target has a chance to play better for their
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market. >> yes. walmart. demonstrating at thrive times. it is never at any point in the past 20 years traded more than one time sales, trading one times sales, 20 times cash flow. is it full. expensive is a bad word. things can get more expensive or cheaper. full is the appropriate word. what do you pay. 3/4s in a row where it is beat expectations i don't think they will pull it off a fourth time. >> they are a check the box category. like the way amazon was, 42% of the market share in retail. brick and mortar. hard to fight that. they are getting deeper in dtc. they are nowhere near amazon. amazon is like the reverse of them. so, they are 6% online. but, tim did not really, would you rather. you asked him . >> i don't think i ever done that in my life. >> but for friday. >> and then thursday. >> it has been -- tuesday,
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also. >> what? >> any day. deny it every time. >> any day ending in "y." it is hard. but both to their point it is hard to bet on the winner constantly. i don't own walmart, i have, but i think target sets up for a balance. >> reduction in shrink will be a driver for target. in erm its of evaluation for walmart can you say historically they never traded at that? it is a different animal. did not have walmart plus, it has a different sort of business model than it had when it was only bricks and mortar 20 years ago. >> reporter: it does not have grocery. it is much more stable business as well. on, in terms of execution, the reason there is multiple it increased it is because they are doing a lot of things right. they went from, you know, their old business model to adopting several new ones. to those on the desk that are
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in favor of target, target is all be it late to the game, they are trying to do the same thing. they are trying to bring in more grocery. it is a positive. you know, we had seen some good improvements on the inventory side for them. there are a lot of places where you can buy stocks that are significantly cheaper than the multiple of the market at 25 times. we did not mention it but bjs wholesale, much smaller business than any of these, but occupies a similar space to the subset of walmart that we call sames and costco, they operate these membership wholesale clubs and the difference they take coupons and others don't. trading cheap. less than 22 times, costco is trading more than 50. so, you know, you put the two together and i would, i am with the guys at the desk, we had a great run, maybe it is time to look for better values out there and bjs is one and target is one. >> have you trimmed back your walmart position? >> i have. i would love to buy lower.
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i was selling upside calls. those sometimes do not feel great when you get called away t. seems like this is a case where walmart is up 60% this year. you thought this year it is all about a.i. and semiconductors. walmart up 60%. so, it is just under scores where we are here. i do think that there is maybe a refreshed view of the consumer going into the holiday season based upon everything. everything from the elections to the market to the fed. even if the fed is, you know, more cautious, say on terms of cutting, the consumer got some sense that some of this is getting better for them. as we go into this season and lower gas prices at walmart are a major, major part of it. something that is under estimated and and what for target. back to the margin. the shrink, 90 bits of margin improvement for target in the second quarter expected to 50 bits improvement here. >> a news alert on we have the
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details. >> microindicating to the nasdaq that it has engaged the bdo as independent auditor effect immediately. that will help it complete its filings for its 10k for the year end of june 30th. also for the quarter end of september 30th as well. they don't indicate exactly when they think they will be able to do that but certainly it is a big step forward after having lost their auditors and having been under the microscopes at nasdaq. back over to you. >> thank you. up 15% right now. let's get back to retailer now. you are looking at the charts what are they saying at this point? >> looking at the tables and the charts. one thing we can use to measure the whole space is the spider retail etf. xrt. you will see it here. 78, the whole thing adds up to
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$4.1 trillion. what is stunning is the difference between the average market cap and the median market cap. you look at the biggest holdings by market cap it is the biggest names everyone knows. you see amazon, walmart, costco, that is not the way the etf is weighed. so, here on the next table you will see the five biggest weights. they are of course, not particularly big companies. but, the point is that no one stock gets more than 2%. you have a way of saying what does retail overall look like. the next chart will depict that. if you look at comparative chart of xrt to the market they are dead even over the past five years. you see the beta associated with retail. it overshoots to the downside during covid, overshoots to the upside. five year basis this matched it. look at the srt itself. the issue here it is nowhere
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near its all-time high. markets are at highs and many stocks are. i have a sideways arrow drawn there, i think it is a pair of twos. >> for overall xrt. walmart looks full >> we might have a chart of walmart. if we do we can look at it. walmart i don't know see how you can pull it off. the upper band of a well- defined channel. at least take profits, sell some calls. >> you don't sound bullish on retail period. >> if it is full or . >> i think we have a lot of retail that are in real trouble. we are overretailed in this country. so you are seeing, so what that is the nature of life. they sort out winners and losers, losers lose and people that prevail, better athlete, better student they prevail. a lot of individual names that are in real trouble. the brooder markets. let's bring it in. jj good to see you.
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thanks for joining us. there is a bullishness. does it mean hold and make big advances or hold being, sort of chug along? >> reporter: i think we continue to grind up until the end of the year and potentially go out in new highs. i think the key of this is the treasure market. one thing we keep saying, the market may be getting ahead of itself in terms of placing in some of the overly hawkishness, expect to get softer data over the next couple of prints, it takes a little bit of the edge off of the market. might take a little bit of the edge off of the strength. that might be enough to get a little bit to the understand of the year. it gets a good backdrop here finishing out 2024. >> when you look at the, when it concerns the fed, you look at a term you used. the peak hawkishness. do you think that we are really there? will it continue to be a
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tailwind for the markets? or have the markets priced in that and repricing in something else? >> reporter: i think we have gotten to the point we are placing quite a bit in terms of hawkishness. when we go back to placing in the majority of the rate cuts towards what is call it the end of september you are looking at 10 cuts, now the market is closer to pricing in three cuts in here. and, you know, i think when you start to look at the backdrop, the market is looking farther into the trump administration. you know, a lot of what we heard on the campaign trail not getting done here. maybe it takes a little bit of the edge off there. on top of that, you know, again, going back to there is probably a little bit of the softening of the data. are we going to fall off of a cliff and fall into a recession? probably not. it is capped. but at the same time there is growth and how much it will slow. that puts the economy in a sweet spot here. >> it sounded, jack, according to the notes that you were a little skeptical in terms of
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what the bullishness around the trump administration and what it can do would do for the markets. mainly because of the backdrop. we are entering this year. the latest administration with a different backdrop of back in the first administration. >> you know, starting points matter, all right. if you look at the 2016 blueprint and i think that is what the market has been following over the last couple of weeks in here. that starting point it is different. looking at fed funds coming off of 0 interest rate. lower bound. looking at 10 year yields, close to 2%. looking at debt to gdp. 75%. going through the list, on and on, compared to where we are today. different. feds find it, 4.5. looking at tenure, 4.40. you know, the deficit of 1.8 trillion. starting points matter. it puts a little bit of a lid on it. and the growth you can price in because you will get a little
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bit of self-correcting mechanism from the bond market if things go from the upside. >> great to see you, thank you. >> awesome, thank you very much. mike, he makes a great point. even fed funds rates, the deficit that was a staggering change between the first administration and this one. >> oh, boy. >> yeah. you know, i think people are optimistic. part of the grind hire right now is that there is some sense of optimism that you get some more material movement on some of the budget problems that we have seen in the fiscal level. whether or not that is true, remember, congress is the one that controls the purse strings, one that contributes to the executive. congress controls the purse strings. they can use it to identify a couple meaningful places for change then maybe we can see move nment that area and we could get a combination of
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growth without the increase in the fiscal problems that we have seen, you know, getting extended out. $3.2 trillion is the number that was thrown out over the course of 10 year if the proposals of the trump administration were put into place. that is about $1.2 trillion more than kamala harris proposed. it comes in. >> all right, let's check our shares of nike. down 2 plus% for the year, down 30% compared to 24% gain by the s&p. even the announcement of a new c, o has been greeted with investors with "jeers." you were jeering? optimistic >>. >> reporter: i believe this is by far the largest athletic brand in the world that will be resilient even in the face of also, i think, they had probably their greatest moment coming out of covid if you think about where we all were.
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and what was going on with the brand. but, what we were just talking about, their concern, reaching out to both the street and the community and just where the consensus is, it is still too high. wouldn't it make sense if you are elliot? if you have a dynamic where you got, you come in, there is a big boost to moral. nothing has changed and the view has been some of nike's issues are medium term. that is where we were with nike even before the ceo changed. you will not see until middle 25 any uplift in target. i think that is where we are. >> it might take longer. addressing the issues of newness of product. how long is that pipeline? longer than six months for that problem. that seems to be one of the major ones. >> he is an insider. the whole idea about switching it on its head, trying something new, hiring somebody that is not an insider. a fresh look, some fresh
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perspective and you are not getting it. under armor is up 22%. nike is down 10%. you are probably wearing oms. >> are you really? >> yeah. >> don't fall back in the chair. a lot of companies are taking share. i get it, nice sethe biggest in the room and everyone sort of revolves around nike. it is the sun. it is no longer the sun in money merchandise people are buying other stuff. >> a lot of the big super brands, sneaker names are. >> people are wanting something new. >> maybe. >> i don't know. [ laughter ] >> laugh it off. now, none of it existed. they had keds and converse. >> yes. big with that. we will not get into that. any way. coming up, netflix, live stream glitches not holding the stock pack for hitting a fresh
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. welcome back. netflix shares hitting a record high after they set a whopping 60 million households watched the boxing match between mike tyson and jake paul. it was not without problems the streamer faces issues and customer complaints of stability and audio quality. despite the issues, they are saying viewership was likely double intern alex pecktations. technical issues as well -- internal expeople's expectations and technical issues should be fixed for
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christmas day. christmas day and beyonce doing the halftime show. it is kind of like a super bowl. the dynamic for netflix, 70 million ads at this point. that gives you a chance to see where they can go in some of the stuff and where it can grow. 25 top line growing 11-13%. that is something that i think also could be upgraded. if it does, multiple for, again, a company that makes a lot of money. they will make $29 or $30 a share by the end of 2025. i think you stay long >> i did watch the fight, i did have glitches. there were problems with it. >> who were you pulling for? >> tyson. >> okay. >> all right. >> i felt he did hold back. that is a totally different show. i think he could of won. he could of knocked him out. neither here nor there. netflix should have been focused on three time
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viewership. should not be glitches or ability. is it half the amount. is football half that amount? what is to stop that from having glitches. people will not come back if they have a close. >> right. >> when it was buffering and doing, is it my tv or? >> my tv. >> yes. bad connection. >> yeah. come on. look, it is, it is, you stay with it. stay long be long, nothing wrong. >> mike you agree with that? >> yeah. 100%. first of all they are going to fix this problem. it is evident they transformed where they occupy, you know, basically the media space. this is a remarkable turnout. i did watch it. you are talking about 60, 65 million households and how many within each. these are epic numbers. the thing is, all of their margins are getting better.
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capital margins, and more of the content they bring in and the more dependent on them they become the more flexible on pricing. a lot of people talk people cutting them off if they raise the prices i disagree with that. it is a staple. i described it before as an unregulated utility. everyone has to have it. try cutting it off in your own household. >> think how great it is for the betting sites. 60 billion people tuning into this. imagine the percentage placing a bet. viewership up that is participation that is up potentially. >> and again it gets back to a place netflix can pull strings when it gets into gaming and dynamics there they have not started. >> a lot more fast money to come here is what is coming up next. we go under the hood. why analysts are getting bullish on one online trading platform and how the mean craze can drive shares. what is next for robin hood?
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coming. tesla driving higher as the focus on robotaxis could start paying off. the latest on reg explaigz what it could mean for the ride share stocks -- regulation and what it could mean for ride share oc. a bk ghafter this ♪ i wanna hold you forever ♪ hey little bear bear. ♪ ♪ ♪ i'm gonna love you forever ♪ ♪ ♪ c'mon, bear. ♪ ♪ ♪ you don't...you don't have to worry... ♪ ♪ be by your side... i'll be there... ♪ ♪ with my arms wrapped around... ♪
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. we have say news alert on alphabet. so, google shares they dipped on this news. they recovered a little bit. bloomberg is reporting that doj, antitrust officials decided to ask a judge to force google to sell off the chrome browser. part of the lawsuit that went into the doj's favor back in august. the judge ruled google monopolized the market. now they are asking the judge to put a sell off of the chrome browser on the table as part of the remedies. as i mentioned, shares almost recovered. dipped on that. google is expected to appeal. and, we are likely not to get something on this for some months. this is something that is now on the table to make investors
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nervous, back over to you. >> thank you. what do you make of the news. it sounds like it will be a pro tracted process if it comes through. it will be a long time and coming. by that time you know, we might not be looking at that anymore. >> we may, well, look. we will have a different administration in place by that time. look, there was a time when microsoft was facing, you know, pressure from the government regarding their sort of monopoly position. chrome is tied in to some of the function that googles other applications are involved with. i happen to be a heavy user myself. so, it is kind of hard for me to see how you just extract that and don't disrupt a lot of the other core and key businesses. i have a feeling they will be able to make a good case for why they don't need to do that. the company is a good evaluation based on their free
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cash flow any how. even if it did happen i don't think it is the worst thing. the company represents a good value in my view. robin hood, serving, first thing robin hood benefits will have from the trump precedency due to changes of the fcc and the fondness for crypto currency. trump is going to meet with armstrong saying he is a friendly pro-crypto commissioner appointed by trump originally that she should be fcc chair that would be very positive in theory. >> it seems as if the stars are aligning for cryptoassets. therefore, that is beyond the bitcoin story. that is kind of the sense here. okay, we know where we can buy bitcoin and flow and dynamic there and the correlation to hood to coinbase and some of the other players. that is what it is about. it is a call on the asset
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class. robin hood, they relisted xrp and cordona and things that were d-list at some point. it is a sign not only is the asset class wide open again but their audience of, call their trader group different than the folks that are logging on to schwab. no doubt. they are betting in crypto. >> it is spectacular to hood, a great looking chart. definition for the decline that is snow coming to line. bearish to bullish buy. importantly it is about to get back to the ipo price. summer of 2021, came out at $38. >> why does that matter? >> well, so a lot of people where you mark the cost bases and mentally where it is. >> oh, back to even. >> a lot of people say we are back. now you want to take money out. plenty. but there is a thing to get back above where you started. >> yes. >> it is. it is that but the basically
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the price correlation here is bullish enough to say i think we will make it to 38. that is three points higher from here. and then we will see from there. >> all right. tesla shares getting another post-election boost. how the president-elect can step in. what does it mean for others in this space. that trade when fast money returns
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. welcome back. the dow falling 55 points. s&p500 up 4/10th of a point. shares of eli lilly, down 25% from the record high hit in august. tesla riding high today, up nearly 6%. president-elect trump signaling he wants to relax self--driving rules. we have all of the details on this one. phil? >> reporter: it comes down to who will be the transportation secretary. the indication according to a
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report from bloomberg, the authority for secretary will be the advancement of autonomous technology. tesla will benefit from that. that is why tesla got a hike today. not a surprise. everyone known that elon musk will likely be pushing the trump administration to advance autonomous vehicle advancement and ease oversight. that in theory should speedup the develop. of tesla robotaxis. the reason the shares are up since election day is because of the anticipation of what this market could turn out to be. estimates are all over the place. arc investments, or it estimates that the market could be $11 trillion. a lot of other analysts think it is inflated and it is lower. regardless, a huge potential market. you have to keep a couple
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things in mind. first of all, tesla is not anywhere close to autonomous driving yet. right now it requires the driver to be engaged with the vehicle. they hope to have unsupervised full self-driving in certain states like texas and california next year. and then come 2026, we may see the cybercab or robotaxis out on the road in a limited number of markets. that is the plan from tesla. a couple things to keep in mind. when it comes to the regulation of the autonomous the federal government sets the rules for vehicles but the states, the states set the rules when it comes to drivers. you might be saying who is the driver if it is an autonomous vehicle? the software. that is accident liability the laws will have to be worked out over next several years and not
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happen quickly. bottom line is this. you look at aurora and mobileeye. they are both developing autonomous vehicle technology, aurora is for trucks, mobileye we are familiar with the work they are doing. the bottom line is the technology could be speeded up. sped up, i should say. if there is a dot that is going to look more favorably upon it. it does not mean it is a slam dunk that tesla will have robotaxis on the road by 2026. they still have to prove their technology and we heard it time and again from a number of analysts today >> phil, thank you. for more on this whole story let's bring in mark head of research. today, mark, named uber as the top cap long pick. this is a day for uber and lyft fell on the back of this news. mark, what is the reality of
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the impact on uber and lyft? a good thing or a bad thing? >> reporter: i think the answer to the question comes down to if you think one av company will run the table on av technology. i don't think one will. in that case the ultimate demand will be uber. you will find them on the network. uber, i think uber will be a long time positive from this. i think that the speeding up of autonomous vehicles and i can look out my window and they are here, it is waymo. now in l.a., too. but it took them 19 years to get here today. i know tesla is taking a different technology approach. i am not sure which one will win but from uber's perspective. still my top pick, not moving from that. comes down to if there will be multiple av vendors and my guess is there will be.
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>> if we can break down how to think about this. tesla can make the vehicles that are av vehicles but there has to be a platform by which the consumer interacts and calls those vehicles. you are thinking tesla will not enter that market and that uber and lyft will be those platforms? >> reporter: no, i think tesla wants to do that. they want to do that. the question is if they still have to get the technology on the road. i hope they do it. great for all of us. do it with computer exprigz make it. that is not waymo's approach and cruise approach and waymo is out there doing tens of thousands of rides and doing it effectively and doing it with government to reduce debts, it is wonderful what waymo has done. i think that these, some of the restrictions it has taken them 19 years to get to this point. part teg enology.
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technology but easing it is great. >> you have been doing this for a long time. help us understand the rates in the current dynamic for uber and what it would look like with their av as the core backbone or platform for the system? could it be more profitable business for them relative to the business they have now? help us understand versus old versus new uber? >> reporter: i think these are hard things to figure out, tim, it will depend. keep coming back to are we going to have multiple av robotaxi in the future. just tesla's world that is a real negative for uber. i assume five to 10 years from now or longer than that tesla can have that fleet in the u.s. negative scenario for uber. multiple vendors that do a good job and waymo does a good job in the market it is. and if you put in swreuks, you get some of the chinese vendors
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in the market, too. my guess it will happen. healthy for the marketplaces to have multiple av vendors, that happens that is good for uber and the same economics they had in the past they will get to the future. >> to tim's point, uber is not the owner of the cars, it does not own the cars, does not have that issue in terms of inventory and upkeep and maintenance. in that new world of uber are the driver's the owners of these cars? how are you thinking about it? more profitable for the driver, the quote unquote driver, the owner of the av? >> i think the av companies, the question is if do they want to own and manage their fleets. my guess is that what waymo is doing now in atlanta and in austin with other companies are going to probably want to do. they will want to take those awfully expensive cars to develop and build and distribute, get them out and
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let somebody else monetize it for them. the most demand to the vehicle can do it better. i don't know how much demand from scratch waymo can generate in atlanta. day one uber can capitalize on it. for several of the business models they will take the fleets of cars, and turn them over to the ride share networks and say give me 80 cents of every dollar. they will have the ability to do that. uber will make money that way. >> mark, thanks. let's get another check here on smci super micro. now up double digit. 24% right now after naming an auditor. bdo usa for the report anticipating filing a notice of compliance with nasdaq listed here. coming up, 20 years for gains for the gld gold, rare event
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. normally i talk about the stock market. today we will talk about something different. this, this is gold. there is a gold bullion bar here t. is 25 pounds, worth $180,000. and i have three of them here with a lot smaller amounts of gold and these two guards i have been married to for the last half-hour, thank you, guys. why am i talking about gold today? finally a gold etf is available. for the first time thanks to the gold counsel, you are able to buy gold just like it is a stock. >> that is bob at the new york stock exchange 20 years ago on the first day of trading of the gold share. since then, the prices sored.
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443%. wow. bob spoke to the founder earlier today and joins us now. wow, bob, that was, that was, i remember that day clearly. it was revolutionary. what will happen to gold. the lights are going out. is that a metaphor? >> yes. i had double-breasted suits and brown hair at the time. a trip down memory lane. the gold shares played a big part in expanding gold ownership. prior to 2004 investors had little few choices, storage was a problem. futures but it involved another layer and they could own goldmining stocks. gld changed all of this. it was the first etf in the u.s. commodity. it was held by a custodian. it can be bought and sold or
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traded in today. today it is the largest gold etf. $74 billion in assets. why did it hit a high? i talked to the founder of gld about it. a lot has to do with who is buying gold that the gld helped implement. when it was introduced 20 years ago most of the demand was jewelry, 80%, particularly from the consumers in india and china. thanks to that the investor base who want to own gold directly expanded. so, with investors now accounting for a quarter of all gold demand that is a huge change. another base of support, recently, it has been central bank buying. it is now about 15% of all of the demand as the central banks have sought to diversify their reserves. gold was at a historic high. but, since the election, by the way, gold is down about 15%. so, high prices for gold create a real problem. particularly when there is a
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suddenly increase risk appetite for stocks following the trump victory. they are incentivized to sell their high-priced gold to put money nea stock market to have more room to run. the dollar as you know is a headwind for gold. another change from 20 years ago other than the fact i had brown hair. that gold bar it was $180,000 at the time. today that is just about $1 million. a big, big change in the last 20 years. >> you put one of those gold pieces in your suit pocket, right? >> yes. that is why you wore a big double-breasted suits. >> you got away with a lot of stuff back then. it was a light green double- breasted suit. we were wearing all sorts of outrageous stuff. it was a great time. >> you wore it well. >> thank you. bob. thank you. listing awe of the reasons why the gold run is over or slow down, carter what do you see? >> i don't think so. adjusting for inflation gold still has room to run and make
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substantial new highs, gld since its inception beaten the s&p. and gold itself goes all of the way back to 1997 to find a match, 27 years gold has done just as well as all of the invasion that american world can bring as captured by the s&p500. >> you have been loving gold. >> i have been loving bob for 20 years. bob is, he belongs on mount rushmore too of cnbc. i said it too many times in the last six months, gold is the best 20 year chart. some of this is from that day of the advent of the edft. is something that is building in pace since the early 2,000s. it is about a currency that does not end tomorrow but the rest of the world wants more control over their reserves. coming up, shares down after a huge run in the name of
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the tech could be pointing to more pain ahead. what the chart master sees next. more "fast money" in 2 (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com
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. welcome back to "fast money" it was friday that palantir was the best performer. it was the second to worst performer and one of the traders say it is time to sell short. the chart master that says that. what are the technicals, stay away from words no defining meaning. terrible times, to look at three identical charts, here is palantir with no judgments, no lines drawn. we will put some in. what we know, the stock to the penny, upper band of this well- defined channel that it is descending. we know in august of this year it was $21, tripled at $61. you can see how precise the stock has reacted to the upper and lower band. sell it all if you got it. that is your thinking. if you don't have it. you are selling short. i felt like the chart was peaky. more importantly i feel as if
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they are in the target for government efficiency. and the chart, a little toppy. >> isn't it a software company? palantir. it could remove thousands of people, possibly. >> true. and i think elon, a software guy, offering for x let's do 20% for that. he is forced to cut everything. >> specifically spoke about government contractors. the doj. the department of officials talking specifically about government contractors, they are one. you know, if you are going to take a short bet, shorting stocks unlimited risk this is the name we are seeing wild
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election. i think you get back into that trade. >> carter? >> palantir corrected. >> apply digital. final trade on friday, nvidia is investor so am i. 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 mad money. welcome to cramerica. my job is not to just entertain but educate and teach you. call me. minutia can shake you out of tremendous investments every time!
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