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tv   Fast Money  CNBC  December 23, 2024 5:00pm-6:00pm EST

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rally are the final five trading days of the last year and the first two of the new year. >> we have a shortened trading day tomorrow and programming note. be sure to tune into a special edition of closing belt overtime tomorrow at 1:00 p.m.d. that does it for "overtime." "fast money" begins right now.
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on the desk tonight, steve grasso, dan nathan, guy adami, and carter worth. conductor stocks surging today. we'll dive into those moves in just a moment. >> as you're seeing there, but first, staples down today, the worst performing staple in the entire s&p. outsized losses in walgreens, dollar general, that coming as ten-year yields tick higher again, briefly touching the 4.6 mark. again, a level not seen since late may. the dollar also trading higher, trading near more than two-year highs at this point. so, what do all of these moves
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signal is in store for the new year? dan, please kick us off. >> i know we're going to focus on chips a little bit. that's where folks expect leadership to be. there's one secular ship that seems to be driving technology. so, i think about taiwan semi, you know, they are in the cat bird seat as it relates to manufacturing of high end gpus. a lot of folks think that nvidia and broadcom are going to continue to lead there. money came out of nvidia, clearly into broadcom, if you look at the smh, the etf that tracks the semiconductor space, seems to be going sideways. hasn't made progress despite some breakouts like a name like broadcom. i would expect investors, early january, take some profits, try to hold onto some of the names that have had massive gains into the new year. but at some point, if we do have a selloff broadly, on some of these names that obviously are very crowded, you'll see money come back into them. as long as q-1 earnings guidance is not disappointing relative
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to, let's say, where valuations are and expectations are. guy? >> yes, sir. >> also on the desk is that sweater. >> you like -- this has been approved, because it is holiday. >> it's beautiful. >> i'm just saying. it was approved here. i'll wear a sweater tomorrow, as well. it's just the sol holiday seaso. guy, technology, we've talked about for so much of this year. the staples trade, though, is it as attractive, given the fact that yields just keep going higher and higher? we don't need them, we can just get them in treasuries. >> that's right. the yield story is one that not enough people are talking about. you look at the ten-year yield, i'm of the belief, if you want to throw a tlt chart, you can see, the levels that we saw last fall, so, october of 2023, sort of 82 or so, i think that's where the tlt is headed, which puts us probably close to 4.9% in the ten-year, and i think the market is going to actually
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start taking notice in a meaningful way. to your point, dividend stocks are no longer all that attractive, on top of which, which you said and dan mentioned, the strength in the dollar is a headwind, as well. i know the s&p had a nice day today, but below the surface there are some damaging things that are happening. >> look at walmart and costco, they've done well, steve. so, how does that staples trade play out? >> you talk about large cap names, too. you look at the etf, the xlp, we stopped, or we should stop around this level. if you look back, august 5th in '24, this is where
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price to earnings, compelling. price to sales, no way, and those margins they're enjoying right now, they're not going to enjoy in perpetuity. so, i think the smh trade is on the precipice right here. >> what's also really clear, some of the end markets for semis right now, industrial, auto, we heard from micron last week that consumer electronics, whether it be smart phones, pcs, are not particularly strong. and when you think about the exposure that some of those have to china and then you put together a weak end market or a bunch of weak end markets, the last trade some sort of
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decelerating growth. >> and muscle memory is there for chip stocks, especially -- >> yeah, to dan's point, they've been the safety bet. they've had large cash on the balance sheet, but if you look at nvidia and broadcom, the way we set it up, with broadcom, they don't see a competitor. if i -- if dan is nvidia and i go to him to supply all my chips, he can compete with me. broadcom can't have that ability to compete the way nvidia does, so, a lot of these companies, we know the top names, it's the five megacap names that are the most -- the biggest consumer of the chip space. if i'm a microsoft, do you want to go with a potential competitor to get my chips there? >> one of the things about broadcom, and gene munster and i
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had this conversation, i know, when he's on "fast money," one of his things for 2025 is custom silicon. who is going to partner with a broadcom to create their own high-end gpu, which actually does, you know, kind of give them a second source. i think a lot of folks are really sick of nvidia and the stranglehold they have on pricing right now. that was a big reason why broadcom moved that way. we've seen story after story, whether it's micron, meta, these guys all want to create -- microsoft, excuse me, google, they are going to partner with folks like broadcom. >> i think that's the most important part that you just said. they become -- and i'm using the analogy. they become china, right? so, people want to start and diversify their supply chain, so, if nvidia holds 85% of the a.i. supply chain, you've got to diversify around it. there's a handful of reasons why, but the investment for corporations, you know corporate tax isn't going up. that was one of the unknowns
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going into the election. so, you have the ability to have a little bit of runway to say, do i want to invest more in my company? >> guys, for more on all of this, and the market outlook overall, let's bring in katarina, the senior vice president, a private wealth adviser. thank you for joining us. you heard the conversation from the desk. i wonder from your perspective, if you are managing people's money, do all of these things matter in that conversation about how 2025 shapes up? >> well, absolutely, you know, when we think about '25, we are expecting some type of mid to high single digit returns. return 26% this year in s&p, followed by 24 last year. so, it's only reasonable to assume that this level of growth is going to slow down, and something is going to have to give. and, of course, this assumes that we're going to see a couple
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of more fed rate cuts and inflation is not going to spike up, but it will be safe to say that 2025 could be categorized as another year where it's all going to be about the fed. and inflation. >> okay, so, if it really is, then, if it really is, how much, then, do investors have to be reactive, katarina, to the fed? do we just have to wait until they say or doing? or is there a way you proactively position for it? >> well, it's a very fair statement, and, you know, when we look at the risks that the market is facing, there is not much we can do about the fed, or tariffs, or the headline news that might be hitting us at the beginning of the year. would what we have control over is our portfolios. we tell investors reaching the maximum portfolio diversification among stocks, bonds, real assets, and alternatives, this is something that we can do, and it's an absolute key in dealing with this market. >> katarina, where do you get concerned in terms of ten-year
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yields, we're 4.6 now. for a lot of people, it was 4.5%, others say it's going to be the levels we saw in the fall last year, where does the ten-year yield go, where equities sort of put up a caution flag? >> well, bonds definitely surprised us, you know, and the key here, really, is what's going to happen with inflation? because if inflation were to spike, we like bonds on the risk adjusted basis versus stocks. it is difficult to see where the rates exactly are going, because there are so many risk factors facing the market, but we think bonds play an essential role in the portfolio, with equity risks out there. >> katarina, sort of a piggy back on your fed outlook, and guy's question on the ten-year. during my career, you bought the market at 17, 18 times, maybe 16 times, if you were lucky, and you sold the market at 21 times. rinse and repeat, you sort of just followed it, that was your 50,000 foot up, top-down approach to how you traded. how do you see valuations
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fitting in with your forecast for the s&p target and with your fed and your ten-year, obviously, your ideas on that? >> of course. market is extremely rich, and not only in terms of valuations, but also in terms of earnings projections. it's going to be a tall order for us to actually meet all of the things to come together for us to -- to continue the growth in the market, like the one we have been seeing, so, what we tell investors, they should focus on individual stock selection versus index investing, on absolute quality. like large caps over small. and the sectors like financials, energy, consumer staples, we're taking very protective stance and with focus on the dividends, because there is going to be a lot of volatility next year. even when we're optimistic on the market, we think we're going to end up the year at 6,500, but quality is the name of the game.
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>> katarina, before we let you go, largely speaking, your conversations with your clients, are they generally optimistic about 2025, looking at the administration, the economy, everything else? are your clients okay, optimistic, or getting more guarded? >> they're getting more guarded. they are concerned. because it is impossible to ignore that market has done really well and they are questioning what they should be doing. and we tell them to avoid concentrated positions. make sure that, you know, to take some of the gains off the table as much as possible. tax loss harvest. because we can't be enamored with certain sectors of the market, a.i., tech, all of that was just such an exciting story last year, you know, but we have to protect the gains in the portfolio. otherwise, we're going to see continuation of the roller coaster ride, and we might be giving up some of those gains that we enjoyed in '24. >> all right, katarina simonetti, thank you, happy holidays.
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>> happy holidays. >> all right, let's trade this. carter, what do you think the trade is for 2025 given what you just heard from katarina? >> yeah, well, i have no idea, so, get that out of the way. the truth is, right, it's a wall street convention that was adopted about 35 years ago to have a year ahead price target. who the heck knows? 12 months versus 13, what about 11? it's a comfort blanket. someone says, i think it will be up 10%, 12%. we also know, and this is important, that every year since strategists have been tracked, every single year, they predicted up-years. what i would try to focus on is q-1, what is the probability of a drawdown, some sort of give back? januarys are typically not quiet. momentum and follow through and a big further january, so, people refer it to the january effect. we know there was a big reversal in 2016 in q-1, we also know, of
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course, the covid q-1, or even 2022, a drawdown of 14%, 15%. i think one can expect at least a 12% to 15% drawdown in q-1 2025. >> all right, there you go. coming up on the show, a make or break moment for u.s. steel. the countdown is on for a big deadline in the company's nippon steel saga. what's at stake for this landmark deal coming up next. plus, energy is just one of two s&p sectors in the red this year. so, can the struggling space turn things around in 2025? the names to watch, ghafrit ter this. more "fast money," back in two.
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i was gonna say- "popular! you're gonna be pop-uuuu-larrr!" can you do defying gravity?! yeah, get my harness. buy one line of unlimited, get one free for a year with xfinity mobile. and see “wicked,” in theaters now. welcome back to "fast money." the committee on foreign investment in the u.s. is required to submit its decision on nippon steel's takeover proposal for u.s. steel by the end of today. the white house will then have 15 days to respond. if president biden rejects the deal, the companies will have an option to appeal it. shares of u.s. steel up 4% today on the back of maybe deal or no deal. what exactly gives here, maybe we'll start with you, steve? >> well, it's no secret biden administration and trump administration, income in ing
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administration is against this deal. i agree with both of them, why they should be against the deal. and specifically, with the -- i'm long u.s. steel, because trump has said that he's either going to give incentives, whether it's tax or some other way, to support the steel prices in the country, and tariffs, we know that there's a 25% tariff in place now, that could go to 60%. that will boost pricing. we've seen the story before in the first iteration of trump. i think near-term, you're going to see a bounce in u.s. steel prices. >> this time, it's not trump's fault, there was a piece in baron's. if you can go back to 2017. u.s. steel was on a lower level, upper right trajectory, into 2018, i think it was march, in tariffs came, the stock was $40 stock, it never looked back. >> it went straight down. so, i'm sort of on the other side of this. japan is supposed to be one of our largest allies, i don't know
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what the problem is. they're going to save jobs, they're going to invest in the company. clearly u.s. steel can't do it themselves. and we can be as, i don't know, as -- i guess protective of our companies as we are, but if they're not running themselves well and somebody can do a better job, i'm all for it. i don't know where the president comes off on this one. >> dan, this is, by the way, if u.s. steel hypothetically gets taken over, it's not like the manufacturing leaves the u.s. >> right. >> it's still -- >> they're committing to more jobs. listen, i think you can make the case that once a deal like this is done, you can kind of -- actually put a lot of pressure on them to keep it here. i don't have that much more intelligent to say, but i've said elon musk should buy this thing. it's got a $9 billion -- >> then he's got the x. when he takes it public, there you go. a rounding error for how much he's lost in the twitter. >> carter. is steel some place you want to be, given the charts? >> yeah, i mean, if you look at some of these sort of world iron
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and steel indices, not a great-looking picture. and it's really idiosyncratic, if you're doing something like a new core versus u.s. steel. what we do know, of course, these were the greatest companies in the world. u.s. steel, of course, was the most valuable at one point, in the world, it was the apple of its day. just as general motors and exxon or cisco. but right now, these are small industries and small components in the general equity complex. the u.s. steel parent itself, to me, it qualifies as so bad it's good. if a deal doesn't get done, it sits here. if it does, you get a little pop. there's a lot more coming up on "fast money." here's what's coming up on the show. >> the energy sector in need of a caffeine boost. can m&a lead the way for big gains in 2025? we're hitting it all with high energy trading. plus, can the real estate market heat back up with mortgage rates so high? the keys to big gains for housing stocks, and what could finally unlock opportunities for home buyers, next. you're watching "fast money,"
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live from the nasdaq market site in times square. we're back right after this.
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welcome back to "fast money." energy is one of the.
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and with tariffs and other potential headwinds on the horizon, to get creative to boost their stock values in 2025. our pippa stevens has the details on that story. >> that's right, dom. energy is the second to worst sector this year, and with a lack of positive catalysts for oil, 2025 might be all about nat gas. it just hit the highest level in nearly two years, and looking forward, there are two key tailwinds supporting prices. the first is lng growth, the second is generative a.i. that could translate to upside for gas-focused drillers, at the expense of more oil-focused players. president-elect trump has talked about increasing lng exports, so, cheniere is a name to watch. finally, keep an eye on the pipeline company ies, they've a outperformed this year, and for investors who don't want to take
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commodity price risk, it's a way to bet on the energy sector as well as demand growth from a.i. it's really harold d to build a intrastate pipeline, so, if you have one, that's seen as anned a van damage. dom? >> pippa, thank you. guy. pippa brought up the upstream, the mid-stream. we didn't really talk about the downstream -- >> did you see her in cigar lake? >> in canada. >> she killed it. yeah. number one, good for her. number two, i'm with her on this. energy's been a tough slog this year, without question. i think people look at wti and they overlay it. ti goes down, energy stocks go down, but valuation is compelling, and in 2025, when i think valuation is going to matter, it's going to be in energy. she mentioned cheniere, that stock is very positive. so, maybe lng is a place -- >> is there a favorite spot for
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you, dan, in this sector? >> the more i read about the tech stuff, when you think about generative a.i., you think about bitcoin and you think about quantum computing, there's going to be a massive amount of demand for energy. i know a lot of these hyperscalers have been cutting deals with, you know, nuclear, so, that's going to be the story going forward. at least while we continue to see progress on all three of those fronts. >> if you -- guy brought up, and pippa brought up cheniere, they were the first company to offshore ied natural gas. i bought it $12 years ago, i sold it at $96. but if we're all focused on exxonmobil and all focused on chevron, cheniere could be the dark horse, where they really pump the heck out of it. >> good setups, carter, in your mind, in this energy trade overall? >> yeah, it's such a curious thing here, too, a sector that's
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very concentrated, almost 40% in two stocks, exxon and chevron, and yet the whole sector is only 3% of the s&p. so, one could say, wait a minute, two stocks, basically 40% of an entire sector, yet the whole sector is only 3%. one could say, why bother? there's a case to be made, for those who are benchmarked against the s&p, that's a game of chess to say, leave the whole thing aside. or just own the big one and you get a decent dividend yield which is virtually guaranteed. i would buy the dip in lng and i would buy this recent aggressive selloff in exxon. >> all right, there's the trade for energy. coming up on the show, mortgage rates may be up for a bumpy ride in 2025. what that might mean for those invested in the housing trade. that's coming up after this. missed a moment of fast? tch us any time on the go. follow the "fast money" podcast. we're back right after this.
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welcome back to "fast money." stocks climbing in the final full trading day before the christmas holiday. the dow up 67 points, it's modest, but the s&p gaining 43 points, the nasdaq up about one full percentage point there. apple with a record close
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today, inching ever closer to the $4 trillion market cap market. the stock needs to climb less than $10 to achieve that feat per share. so, keep about eye on that. and walmart sinking more than 2%, but finishing off its lows. the retail giant being sued by the consumer financial protection bureau for allegedly forcing delivery drivers to use poorly managed and costly deposit accounts in order to get paid. and microstrategy shares tumbling. the company disclosing in a filing monday that it had sold 1.3 million shares to buy more than 5,200 bitcoins for over $106,000 apiece. that was near the record highs. the stock recouping some losses after hours, saying it will look for an increase in the preferred stock authorization from 5 million to a billion shares. it will look to increase the number of class-a shares, as well.
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home builder stocks plunging this month. toll brothers, lennar, kb home, and pulte dropping in december, as mortgage rates have climbed. the 30-year fixed rate loan ticking back above 7%. last week's fed decision helping send rates higher. but zillow is sticking with its optimistic 2025 housing forecast right now. zillow's senior economist joining us right now with the take. and this interest rate story is one that's going to be of particular interest to home buyers out there, so, what is the forecast for rates next year? >> yeah, traders stand to -- we all tend to overreact a little bit to economic news. higher productivity means the economy is strong, but it's also slowing. i think slower growth than anticipated in 2025 could actually result in more fed rate cuts than currently anticipated. yields and mortgage rates could potentially ease somewhat. and so, easing mortgage rates from where they are right now.
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we expect home sales to actually increase in 2025. >> if home sales are going to increase, where are we going to see most of the activity? is it going to be in the previously owned s, existing homes? is it going to be in all the new construction that people are trying to put in the market? >> look, i think new construction will continue to dominate. we saw new home sales increase again in november. despite the increase in mortgage rates, mortgages have been increasing some what some, i think, september, october. so, new home sales are up 9% from a year ago. we should see existing home sales also rebound somewhat, maybe not as much. homeowners are starting to come back on the housing market. inventory is up about 17% from the previous year, from last year. and so, more options for buyers, a little bit more bargaining power, slight improvement in affordability could be good for the housing market, going to be a healthier housing market in
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2025. >> are there specific geographies that you're keeping track of, as to where will be hot and kind of colder, relatively speaking in the u.s.? >> yeah, i think, look, you have markets that have built a lot, so, those markets are kind of in. texas, so, the texas market, you have the florida markets, where inventory is much higher than it was before, before the pandemic. i think those markets are going -- with more options, those markets are going to benefit somewhat in terms of total sales. i think that's probably where we're going to see a little bit of -- an increase. you also have markets near these big job centers, like, you know, theses pensive markets like new york and boston. markets surrounding those areas, slightly less -- slightly more affordable could also see an uptick next year. >> when you look at the geographic locations of the housing, how much focus are you putting on back to work, where now companies are not demanding,
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but asking in a very firm manner to -- for employees to be in five days a week, do you think that's going to put pressure on homes, on secondary homes people bought during and after the pandemic? >> yeah, i -- if you look at the data, our data, zillow surfers, where are they looking? they're definitely looking closer to those job centers, right? looking at places like california, slightly more affordable than palo alto for example, right? some of those markets are starting to see an uptick in the number of people searching in those markets. >> all right, thank you very much for the thoughts, happy holidays, sir. >> pleasure, thanks for having me. >> all right, carter, you've been a seller of the home builders. you sticking with that trade? >> yeah, i mean, there's an old-time technical expression, they don't act well.
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and what that means is that they are absolute or relative performance is poor. we know it's been a good year, as measured by the s&p 500 for equities, up 25%, and yet the sub-industry group, s&p 500 home builders, are actually up 40 basis points. i mean, imagine that. so, that's the definition of not acting well. they also have the precondition of having been huge outperformers over the ing five, six, eight years. so, you have a bit of a one-two punch. excessive outperformance and now nacent underperformance. i think it's a bad area to be in 2025. >> all right, carter. coming up on the show, fresh off the half billion dollar buying binge, the chart master says the oracle of omaha's stock is due for a leg higher. what he sees in the technicals, coming up next. plus, the future of fin tech. why m&a could be about to
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explode in 2025 and what it means for some of the top performers in that space. we're sitting down with the ceo of moneylion. we've got more "fast money" right after this. ehh... hmm. oh, that's very, uh... - right? - mmm... this store doesn't have agentforce, so an ai agent didn't tip off the stylist as to what i might actually wear. - yes. - oh. that's a commitment. [glass knocked] hey bud! whaddaya think? you know, people can see you out here. ha ha ha ha, yeah, yeah, right, right, ha ha. love you, too. agentforce helps retailers prevent fashion fails.
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taking a leg lower after the latest stock splurge. but carter says the stock is due for a rebound. let's turn to the chart master now for the technicals on this trade in berkshire. carter? >> yeah, so this is a slow-moving object, if you will, but it's a big object. it and it's recently sold off 10%. and it's one or two things. the weakness to take advantage or the weakness to stay away from. home builders, i think it's the latter. this is weakness to take advantage of. we have four identical charts. and let's get right to them. we can take a look together. so, here's essentially a one-year chart of berkshire hathaway b shares with no lines, no judgments. let's now move to the second chart. we know that this is the third, count them, 10%, plus/minus selloff, over the past six, eight months. down 9.6, 9.7, and this one down
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9.3. third of four charts, we know that the selloff leaves us down to the penny to a well-defined trend line. that's the trend line as drawn. we can automate the process and use a moving average, and you'll see here, final chart, that, again, the selloff leaves berkshire hathaway b checked back to the penny to a rising smoothing mechanism. buy for a bounce. a very simple premise, a simple trade. does it have to work in not at all. that's my judgment. >> guy? >> well, his work is amazing. this is not going to be consensus, but if you think there's a selloff coming, it actually makes sense to be long this stock, given the fact that he's put away almost $325 billion for, i think, a rainy day. so, if you get the rainy day, it actually might be beneficial. >> all right, coming up on the show, the future of fin tech. moneylion's ceo gives us an inside look at how m&a should shake up the space in 2025. and the names that could find
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themselves on the auction block, right after this. "fast money" is back in two.
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for their business and not the cost of their internet. it's five years of gig-speeds and advanced security. all from the company with 99.9% network reliability. get the 5-year price lock guarantee, now back for a limited time. powering five years of savings. powering possibilities™. welcome back to "fast money." fin tech platform moneylion coming into the spotlight, partnering with new show "beast
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games" on prime video. viewers can enter for a chance to win a slice of a $4.2 million giveaway. the show has helped propel moneylion to the number one free finance app in the ios app store. this is also coming on the heels of gen digital's deal to buy the company. for more on the story, let's bring in moneylion's ceo. thank you for being with us on "fast money." we love having guys who have an insight into these new emerging technologies. let's take us ug massive game-c jucompany, but just for fin tech overall. >> well, first of all, thanks for having me. i started moneylion in 2013 with a vision to be in the hands of 30, 40 million americans, helping them make better financial decisions. this is a consumer finance marketplace. so, we help consumers pick their
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best credit card, their best personal loan, their best mortgage. we have first party products like our digital wallet. if you think about fin tech and the evolution over the last ten years, the reason we exist is because the incumbent financial institutions sometimes make these financial decision-making a little bit tougher on the everyday household. so, if you think about where we are in our evolution, we wanted to get scale, right? so, if you look at mr. beast, jimmy donaldson, he's got 600 million followers, right? the first episode, we partnered with him and amazon for beast games and while people are having fun and playing these games, let's educate them about financial wellness, how do you open your first investment account, how do you think about dollar cost average, how do you think about retirement, the next best financial product for you? what we realized is that it was a perfect compliment that for millions of americans who self-identify as struggling with finances, putting a financial services, a financial literacy content platform right in front
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of them while they're getting entertained is probably the best way to drive positive financial outcomes. and we love the -- we love the scale, so, number one fin tech app. 90 million views on the first episode, right? so, we met all for objectives from a kpi perspective, and in the meantime , we introduced ou brand that we haven't done in our 13 years of existence. >> i watched the first episode. it was actually pretty entertaining. it really was. the product integration was interesting, too. your company got bought, let's talk about that. we saw another deal, i think, over the last week or so, too. talk to us a little bit about why some of these interests are stirring a little bit, why now? >> yeah, if you look back to 2020 and 2021, the pandemic really propelled financial technology. we saw solutions for millions of americans when the money center banks were a little bit on the
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sidelines. that's been the story through the gfc and the pandemic. that opened up the ipo markets. a lot of financial technologies used a spac, or listed themselves on the nasdaq. we did that, as well. with interest rates going up, a lot of financial technology companies that really kind of relied on either private capital or newfound public capital to grow had to find profitability really fast. and for the most part, they're left for the dead, right? so, you know, you saw companies getting an 80%, 90% drawdown in their share prices, that happened to us. but what it forced us to do was really use the last three years to get to profitability, get the right operating margin, get the right customer segmentation, so bring back to shareholders and incredibly profitable financial profile. so, we were growing 20% to 30% at increasing margins. and once that happens, it opens
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up the surface area for a lot of optionality. you can stay public, you can american, you can partner, you can do different deals, you can scale the business that way. and i think that's where we are in the inflection point of the fin tech evolution, if you will. >> congratulations. and it's -- you know, you and your team have done extraordinary work. and i'll say this, that winter you talked about probably worked to your benefit, you were able to focus on the business. now, the regulatory environment is going to be probably beneficial for you and your business. speak to that. >> well, look, when you're an entrepreneur, an operator, you're building these businesses, you don't really try to game the vas lakes in the regulatory environment. i started the business in 2013, different regime, then a different regime, now a different regime. but what it does do is, the way to change the second and third derivative of innovation changes. i think we're in an interesting position, where you can actually really evolve american financial services, and create function
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increases in the distance that we have from our global competitors. the last three years, you were worrying about the regulators saying no. regulations is not going to go away. everyone in the industry wants common sense regulation. but you did see a rerating in fin tech stocks, in bank stocks after the elections. only because the view is that now we were in a pro-innovation bit, right? and maybe there's some simplicity, that's important, too, because the united states ultimately is 50 different countries, right? each state has a say on consumer financial regulation, but if you can streamline that and you have companies like ours that have visibility into how you can build and evolve and innovate products, it's going to ultimately be amazing for the consumer, and it's going to be amazing for american financial services broadly. >> all right, dee, thank you very much. please come back and see us. >> thanks for having me. >> happy holidays. >> all right. coming up next, your final trades. ept ghhe.e
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(♪♪) car, this isn't the way home. that's rig james, it isn't. car, where are we going? we're here. (♪♪)
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surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com we ready? mhm, hehe. i need to get me a new phone. you need to trade-in that old busted up phone and get you a brand new iphone 16 pro at t-mobile. it's on them. at t-mobile, it's better over here! families save 20% every month. what a deal! to all you new and existing customers, trade in your busted old phone, and t-mobile will give you a brand-new iphone 16 pro with apple intelligence on us. plus, families can save 20% when they switch. t-mobile is one of none. go get that. what he said!
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and welcome back, it's the music. time for final trades. let's go around the horn. carter braxton worth? >> such a laggard this year, so, i like it for a catchup trade. that's the spider etf, xbi. >> oh. all right, steve? >> man of steel, letter x. merry christmas. >> ah, look at that. dan? >> by the way, guy, you weren't here last week. >> no. >> december 18th was guy's birthday, low him up on the twitter, because -- >> happy birthday. >> we didn't get to give him a shoutout. >> double eights. >> there we go.
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xlp, if we get a little funky -- >> the staples trade. and guy? >> 75. feels good. thanks for being here, dom. lng, what pippa said. >> all right, guys, thank you for watching "fast money." we're back this thursday at 5:00 p.m. eastern. "mad money" with jim cramer starts right now. happy holidays to everybody.

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