tv Fast Money CNBC December 31, 2024 5:00pm-6:00pm EST
5:00 pm
start point for 2025. maybe the economy can't handle high rates, but point to point, a very great year, tough to go too far wrong. >> yeah. no santa claus rally, but other than that you can't complain. mike you can not complain. mike, really glad to close it out with you. that will do it for "overtime" see you next year. "fast money" starts now. live from the nasdaq market set live from new york. here is what is on tap tonight. what a year. despite a down december it has been a good year. so, will the markets roar higher in 2025 or is the longest december omen for the new year? plus, polar vortex, december going out like a lamb but january is supposed to come in like a lion. we will break down the cold
5:01 pm
snap on travel, evener gee and more. energy and more. who is hot and who is not around the globe. ticking off our trading regrets and resolutions for the new year. coming to you live from studio b. at the nasdaq site, we have for you steve, guy, and bonawyn. thank you all for being here on this new year's eve. major indexes setting record highs in 2024. the s&p doing it 57 times. more than one all-time high a week. 23% this year after a stellar 2023. it was the s&p's best two year gain since 1998. the nasdaq and do you posting big returns this year the so- called magnificent 7,
5:02 pm
responsible for 95% of the gains. these stocks added $5.7 trillion in market cap this year. but, it was not just tech seeing gains in 2024. consumer stocks and financials outperforming. meanwhile, on the downside, energy, real estate, health care. then, there was materials. the only sector down on the year. so, as we close the books on 2024, and we turn our attention to what is to come how should investors set themselves up for the new year? guy, what are you marking in your playbook as we close the pages on this year and coming to the next. >> thanks for coming. i know it is tough night to be here. you are here, thank you for that. you mentioned the records. i think the record that sort of sets all of those things up is the act that we saw $1 trillion of influx in the etfs this year. a record that is suggesting something that we talked about, passive investing, you mentioned it. 95% of the performance of the stocks. the broadening out story does not hold i lot given what you
5:03 pm
just said. the other thing that we should mention, not only do we have a record in terms of the stock market but the yield at the highest levels that we see now in 18 or so years. of all of the stories in 2025, the interest rates will be on the top of the list. >> i mean, broadening out that we have all been waiting for has not happened. unbelievable the steps that ran through with the magnificent 7. if you were not in there is it too late? >> you want to wait for a pull back. now at the top of the show. only three other spots. you tuesday is the best performance back to back since the '90s. only two other spots be sides now and the '90s. the '30s and the '50s. [ laughter ] >> two years that were better than 20%. are we going to have a better than 20% next year? odds would favor no. odds would favor we get a draw down. is the draw down 5 or 10%? it has to be some sort of a
5:04 pm
draw down. so, maybe to guy's point if we are looking at interest rates that could be the catalyst for a draw down. if you look at where powell is, where president trump is, where we think growth is, a lot has been pulled forward. does not mean that a lot more can't happen. he is not even president yet. so i am a firm believer in you can only pull so much forward. >> obviously we had a really strong year and then we saw a major rally after we got the results of the election but a lot of that faded. we are talking about the end of the year, the last couple of trading days, not much to write home for the bulls at least. bottom line, what do you think that is for the year to come. are we in a holding pattern until the new administration takes place until maybe we know more about what we think the fed or could not do? it seems like the last statement, hawkish, surprised by the market action. >> i am hesitant to read too much into a year's worth of
5:05 pm
performance based off of a week or two to be honest with you. i know that we are all excited about 2025, new year's resolutions we will lose a few pounds, read that book and get out there and spend more time with the kids or meet that significant other but the truth of the matter we should be hesitant to assume that 2024 has to be so much different than 2025. now, fiscal stimulus continue the way it has? unlikely. i think to steve's point, i think that might be a headwind where you look to buy a pull back. is the high undercurrents, do they still curve as tail winds for the mark snet very much so. will it be pulled back? will there be further delays when it comes to that? i think all of these things you want to keep a pulse on to understand if the currents have shifted. however, i would say you would likely cost yourself performance if you try to get out and end up going against
5:06 pm
the current before said current has shifted. >> it is interesting, courtney, talking about a.i. if you look it topped out in the middle of july this year around 283. trading lower and sideways since. if you think of the importance of semiconductors they are not a performer for the last five or six months. it is interesting. we talk about nvidia but a lot of them have not, qualm commis qualcomm and some other names that have not performed. if you want to watch something closely in the year it is how semiconductors go forward. >> talking about passive investing. think about what is a catalyst, crypto. we had bitcoin, etfs maybe we will have more approvals for
5:07 pm
crypto. that is a huge chunk of this passive investing is the cryptospace. you could see. guy and my lifetime we had rare earth, we had crypto, right, we had a.i., now we are looking at quantum. so, we have quantum computing, is that way off in the horizon? possibly so. but there is a lot of these other things that could be the catalyst for a lot more push into different areas of semi. when you think about intel it has been terrible on a.i. will it be that terrible on quantum? that is possibly where they could shine a little bit where they can get a little more attention. so, i am looking forward to intel being something better. the bar is low. >> something better in 2025. you do have a lot of catalyst after the market. the market needs. we have been doing it too long.
5:08 pm
the market needs to feel as if you are giving it a bargain. you need a little bit of a pull back to have people jump in. >> interesting thoughts. we will get more on the reaction. thank you very much for being here. i think it is interest that we had you on just about a year ago. it was about january 3rd. give or take a couple of days. at the time we were asking you about your take for the 10 year treasure. you said 5.5%. do you think that is where we are going to stick on still? >> yeah, you nrm october 2023. the treasure hit 5%. i thought at the time a year ago we would make a new high. somewhere between 5 and 5.5. now, we got it back in april, close to it last week. i think we will sneak out a new high above 5%. we are closing the year at 4.56. it is only forty points away.
5:09 pm
does not have to redefine the world. the trend in interest rates will stay higher, at least for the first half of the year. >> how then is your assumption playing out with what the fed will do? because, it has not been as correlated with the 10 year yield as you might of assumed at least recently. >> that is right. the 10-year yield has gone up. 1% while the fed is cutting rates. the last 60 odd years it happened one other time. that was 1981. the bond market did not like it. this has been quite a move to see that rates have been going up or the feds have been cutting. why? the market is rejects the rate cut. saying we don't need them. they are not necessary. if you are going to continue to cut rates you will raisin flation expectations -- raise inflection expectations. they are talking about the cuts in 2025 the bond market reacts
5:10 pm
to it badly. if the feds wants to see yields down they should stop cutting. >> here we are some, where between 4.5% and 4.6% and i don't think a lot of people thought it was possible. where is the market start to care? it is seemingly to care now over the last week or so. where does it peak up its ears and say this is a problem? >> i think it is starting to care now like you said. if it gets to 5 or above 5 it will start to care. why will the market care? it gets back to an earlier conversation you were having a few minutes ago. the evaluation of the market is high. that is not a timing tool. the market goes higher, it is an expectation tool, high evaluation market you should have lower expected returns in the future. if you look at the work by schiller and morgan and others the market says you should get a 5 or 6% return over the next couple of years. not the 20% we are used to. look at bond yields, they are
5:11 pm
at 5%. if they are going to offer you the same thing that the stock market could offer you with less volatility it is a problem for the stock market. it is a way of getting the same thing with the bond market it is going to offer. >> when you look at your thesis, all of our businesses collectively we have to decide what can make it go wrong? in yours, what are those ideas that might change the end goal for the tenure for you? what could you get wrong or the market get right? >> the big one to get wrong is a recession. it would be a slow down in the economy. i know that people have said on and off for the next several years that the economy is slowing we will go into recession but the data is not showing that right now. somehow, something happens and an event that scares the market and it turns the trajectory of the economy south it will turn the interest rates south. right now the reason they are saying up and going higher is
5:12 pm
at the top line of the economy it is not showing signs of slowing down. part of the reason every market, every risk market for the stocks, corporates, cryptois rallying this year. there is not a problem at the top line. >> jim, thank you very much for joining us here tonight. happy new year to you. >> happy new year to you. >> what do you make of some of jim's comments? particularly his expectation for the 10 year yield and his worries for the 2025 year to come? >> i think they are well- founded. at this point we are only talking about 40-45 bits of movement. we seen a lot of volatility in terms of the 10 year. and interesting points of yields rejecting what we are seeing on the front end of the curve. we have had inversion, reversion, and then we had a
5:13 pm
bit osolation there. those are three points that he really highlighted and what we should be expects in returns. my push back would february it remains relatively cap today is tough to make the argument at least from a perception standpoint that you are going to have that increased volatility around returns. and then moving over to fixed income and assuring equity returns. it means that you will be missing out on the invi dia and bitcoin and things of that nature if you elect to lock in 5% and not, the point being volatility cuts both ways, you will dampen the downside puyou will be foregoing the upside. that is something where i might push back a little bit. >> all right, fair enough. we mentioned intel but it has been a year to forget for that
5:14 pm
stock. the stock sinking 60%. the worst year since going public 53 years ago. it has the biggest loser in the s&p500. only walgreens boots performed worse. is it a bargain going into 2025? we got steve's early read, how about you? >> if you are playing on the bargain thing it has been a loser's game. it has been a bargain for the last $15 to the downside. just in terms of evaluation. if you are looking to play something that could be a homeland security play, so bad it is good we heard that story all of the time. could come in the form of intel. again, you think about the company that missed the move. not only the stock market but semiconductors. they are put out to pastor. just something on the margins. get it from being a $20 stock to a $27 stock and nothing is fundamentally changed with the business. yeah, i think it is one of the flames that can surprise people
5:15 pm
early in 2025. you do the sum of the parts it is worth more than the stock price right now. you are going to see the stock perform better going forward it will be viewed in a better light. it will be closer to the end of the nonsense versus the beginning of it. so, i think it only is the capability of trading higher in 2025. >> bottom line, do you think it helps anything, remove and handcuffs on the stock? yes. >> we have a proven path. that case has been proven. it was not working. the whole argument now is that they are going to be investing
5:16 pm
in manufacturing. have not been able to keep up with the people taking the market share. now, a question of is the business going to get to a point where it can compete with the semi? i don't see them losing more market share. the fact that you have new leadership and the path will be pivoted. i think this is tough. they missed a.i. they missed it as guy said and you really wonder what the next catalyst is. >> this is the one that we will be watching going forward. coming up. retail resolution. can the group come back in the new year? top analyst reading off the names. he is seeing the biggest opportunity. speaking of retail you may want
5:17 pm
5:19 pm
jen b asks, "how can i get fast download speeds while out and about?" jen, we've engineered xfinity mobile with wifi speeds up to a gig, so you can download and do much more all at once. it's an idea that's quite attractive. or... another word... -fashionable? 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.
5:20 pm
. welcome back to fast money. stocks closing out the year 10 points higher. the group trailing the s&p500 by more than 13% over the same period of time. value oriented names were in vogue this year. walmart and burlington and ollies, amazon and costco were the biggest. for more we will bring in professor at columbia. appreciate the look for tonight as well. great stuff for new year's eve. let's talk about what you expect for 2025. obviously walmart major winner of 72% year to date do you think it will keep win something. >> we are excited about walmart in the year ahead. as you know the story here is
5:21 pm
about ultravalue, ultraconvenience and fast. walmart checks a lot of boxes in terms of what they are offering to the consumer with everyday low prices. in addition there is a technology opportunity at walmart, too. it harnessed artificial intelligence in the loyalty program. digital advertising, i bought this jacket from walmart marketplace. it is a whole retail eco system. another one that we love is costco as well. our focus next year is bjs. if you like costco you will love bjs. in part because it is 21 times and costco is 46 times. bottom line, consumers are looking for value and the consumer is higher end is going better in light of the s&p performance as well. >> you are talking about the
5:22 pm
name bj wholesale and costco and walmart has sam's club. how much of the value in sam's club is reflected in the price of walmart stock or is it? i feel we often do not talk about that. it is a huge business on its own. >> yes, sam's club 600 stories, leader in technology and private label. we have been impressed with sames. costco is the huge winner and we liked that for plane years. when you think about bjs only 250 stores, costco and sames have 600 plus. we think there is room for all of the players come is a wholesale business model focused on value. you pay to shop here and access to the low prices. it is a good market to be in as shoppers continue to have pressure at the middle and low end. so, we are looking forward to the growth ahead at bjs as well. >> i want to get back to that you are talking about pressure on the middle and the low end.
5:23 pm
it feels like i have been covering retail for 13 years t feels like we are always. it feels like everyone picks tjx and walmart as a winner. the same story. >> yes. courtney, you and i go way back in the mall. it is really this problem we have seen for decades. you don't want to be stuck in the middle. offer a super premium product or offer extreme value. right now you are getting the best of both worlds, for example, i bought caviar at costco. they are getting a higher income customer and walmart is, too. everybody likes value. but this will continue and part of that is retailers have to have these core competencies around what they do. offering low prices will always be in style. >> oliver, you are in style you look great. your namesake ollies doing well. that is on fire as well. it will be the year that the
5:24 pm
dollar store priced all of the bad nows out, tariffs, miscues >> it will be a competitive environment. in part because walmart offers a low fee for delivery. what is happening is consumers are staying at home and walmart is competing hard with everyday low prices and also they have a nice advantage with their supplier. i think it will be a rocky road. i think it will be winners and losers and that will be increasingly apparent as well. what we will look for on the horizon is hopefully lower interest rates. that will help the consumer. as you know, we are all focused on what may happen with tariffs and the unintended consequences of inflation and price increases as well. so, go with retailers with scale. >> that was going to be my final question for you, oliver, how you are factoring in tariffs, how should we think
5:25 pm
about that when it is still an unknown and obviously a moving target as well. >> it has been riskier for target. good for walmart and costco, it is something we are watching, it will impact earnings a share. our sensitive indicates middle to high single digit increases in terms of earnings for share by that match. part of the magic is what increases will be priced through the consumers. that will be painful to the consumer. the consumer at the middle and low end is so price conscious. retailers had many supply chain problems for many years. so, we are in a better place in terms of managing with this >> and we have been dealing with tariffs for seven years it is not a new concept for us. send me to the link to the jacket. i want to see if they have it in my size. happy new year.
5:26 pm
i want to see if there is any names on your trading list that you might be interested in, in the retail space. >> reporter: so, i like costco, listen i don't think it is cheap but i like the recurring revenue subscription model. should trade at a premium. walmart it is one that we own. it is being able to go to one place and get everything and have much more of an experience- type of situation. necessities and desires and then i like ultra beauty. it is something that you are going to need to repurchase on a ongoing basis. when i look at the life cycle of customer retention and return to store i think that continues to propell forward. we all care about how we look and present to others. especially after you have been released from the covid lock up. i think that is the lifeblood of what it is to be here. >> and every preteen in my life is obsessed with skin care right now. i could not believe the
5:27 pm
requests for christmas from preteens, they have beautiful skin. >> and guy is a preteen, doing it again. >> yes, facial scrub. >> yes. you talk about walplater and talk about bj wholesalers and costco, they are up. bj is up. costco up 79%. so you can see where the sam's club value is in there. that is going to be a winner, walmart. dollar stores, probably the margins are still at risk with inflation going forward. the high end, though, ralph lauren. and trapestry. doubled its year to date returns. i would say rl is probably a more stableerner than tapestry.
5:28 pm
keep an eye on capri. a terrible year since the deal, or lack of the deal. >> there is a lot more "fast" to come. here is what we got coming up next. grab your winter coats, a polar vortex is on the way. impact frigid weather could have on energy and gas. overseas investing in 2025. the countries and etfs with the most opportunity in the new year. the markets you may want to avoid. you are watching "fast money" live from the marketit se on times square, we are back right after this
5:31 pm
. welcome back to "fast money." millions of americans could be ringing in 2025 in a polar vortex. coming from canada to parts of the midwest. it could cause power outages and test the infrastructure in a big way. dan, thank you for being with us. we showed the map but tell us what is your expectation for this cold air mass that we could be seeing. who will it hit and for how long? >> reporter: what better way to ring in the new year with a
5:32 pm
polar blast coming in for january. this is fun stuff from a meteorologist perspective. we had one last year at this time. last january, it was a warm winter overall we had a big cold shot right in the heart of winter, in the middle of january. it was impressive. it was not as impressive as february 2021, remember that one? that is the one that froze texas and there was incredible problems with the grid, the electric grid down there. we had tremendous infrastructure problems with that one does not look like it will be quite that bad this time around. it will be close. there will be a lot of really extreme arctic air. but i think most of it will shift more into the midwestern and eastern u.s. so, it is a glancing blow for the southern plains, texas is really where the traders care about these days. we had a huge population boom obviously in texas over the past 10, 20 years or so.
5:33 pm
there is a lot more on the line in texas than there used to be. if you get extreme cold into texas that could drive the markets. but, it looks like there time around it is really more focused on the midwest, more of a glancing blow for the southern plains. >> i understand you speak with a lot of hedge funds on a daily basis what are they concerned about when it comes to trades associated with this frigid air blast? >> the primary thing is natural gas. that is what drives the demand for natural gas is cold weather. you have to heat your home somehow. really it is a natural gas play with there cold weather. really, there are two questions they are focused on lately. that is how expansive is the cold? does it get into places like dallas and houston or east coast? and how long does it last? one thing we noticed a lot in this sort of modern times of winter weather we are a lot warmer in general than we used
5:34 pm
to be. that is obvious. our winters are a baseline it shifted upward in temperature but we get these really impressive cold snaps they just do not last long what is interesting about this event it looks like it has a little bit of legs. come in next week and last for an additional week to two weeks. that is not something we had a lot of in modern times. we get quick fleeting cold shots, this one actually might last a little while and that is what really has traders that i have been talking to perking up and saying wow, this is not just a couple day cold shot. this could last a couple of weeks. yes, this could have potential duration with it. it is unusual in this day in age >>and they come to you because they want to understand what is going on. if my prior life natural gas was the widow maker for a number of reasons it now doubled since the spring. people are trying to figure out what you are talking about. how much duration do we have for this cold smell and is
5:35 pm
there is gas left in this, no pun intended. but, i am not asking you to play stock market but a company are poised well to take advantage of this, courtney? >> you would know, right? you in your former life as a trader and thinking about what dan is talking about with the warmer winters that we have generally outside from some of the cold snaps, how does that change the game when you are trying to play a commodity like that? >> when you try to play the weather game it is losing proposition, this one feels like it might catch people off guard. so many people are getting used to that run up into an event and a sell off dpvment it has legs, there duration here across the country. they can surprise people. the underlying stocks. put up a chart, lng, this is doing well and i think there is upside as well. >> it will be interesting the
5:36 pm
impacts of weather. we talk about it in retail. it is a real thing. i have not bought my kids a winter boots because we have not had snow. >> that is because you are cheap. >> that, too. >> they are watching right now. >> i know >> if it snows >> now they are going to go to school. my mom does not buy me boots. if it snows i will buy the boots as long as they are on sale. thank you, dan, appreciate you being here with us. happy new year. >> any time, guys. coming up, global markets in 2025 and where your money could see the best return. don't go anywhere, we are back in 2 (♪♪) (♪♪) what took you so long? i'm sorry, there was a long line at the thai place.
5:37 pm
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 >> university of maryland global campus is a school for real life, one that values the successes you've already achieved. earn up to 90 undergraduate credits for relevant experience and get the support you need from your first day to graduation day and beyond. what will your next success be?
5:38 pm
the great barrier reef. huh? here we are. oooh. — g'day. — uh, where am i? australia! and you look like you need a vacation. show us what ya got. (♪♪) remarkable. yep! it's amazing. i love it! — what is it? — a wombat. come on! (♪♪) jump! down under, g'day is the start of every good adventure. so, what are you waiting for? come and say g'day. (♪♪)
5:39 pm
5:40 pm
2024. shares of u.s. steel surging 10% today. they are sending the white house a new proposal and giving them a veto in the u.s. steels production capacity. let's take a look in latin america. those markets this year, mixed. argentina's having the best year since its inception in 2011. up 61%. different story elsewhere. columbia etf ending lower, down 1%, mexico and latin funds are down about 30% for the year. for more on what to expect from the markets in 2025. let's bring in cnbc contributor. great to have you here. >> glad to be here. let's start off with argentina. what a year, two years of impressive gains can that really continue? >> that is the big question, right? the reason it is happening they have a new president who came
5:41 pm
in and did what eferghtd knew needed to be done for decades. that economy was a basket case. and finally did what needed to be done. to the the central bank to stop printing money. reduced inflation, he cut government spending 30% in one month. it was, he balanced the budget. all of those things are super important to get their fiscal house in order. he has done a lot of deregulation. the question is can they keep going on this path enough to have incredible performance? some bond investors made 100% last year or more, right? that is a big performance. he is on the right path. let's see if it can keep going. >> that'll be a good one to follow. on the flip side, mexico, etf worse. sitting at 2 year lows, got a lot on the horizon with the united states and policy what are your expectations for that region? >> it depends on the outcome when it comes to negotiating
5:42 pm
with trump when he becomes president. some of that weak performance we are showing everybody right now is due to self--inflicted wounds. an election where the leftist got far more control of the legislature than anyone expected. so they are doing things that are market negative and negative for the economy and rule of law. at thetime they are getting lots of investment because of onshoring and they have a good relationship and good trade relationship with the united states. however, donald trump promised that on day one he is going to impose 25% tariffs on everything coming from mexico and canada unless they solve the issue of fentanyl and also immigrants coming to the border. so, she has to negotiate. the new president is a woman. she has had two conversations with president trump thus far. i am told that people familiar with that conversation that they thought it went well. that is from the u.s. side. let's see. the one thing that i would say about mexico. the last time trump won
5:43 pm
everyone predicted the peso would get hammered and at first it did. then because of onshoring and the renege re-negotiation it was better. >> do you see a power grab with china, u.s. and latin america? where do you think the sensitive spots are? i think all of us, not fall asleep on there but china is pretty, pretty in deep with a lot of latin-american countries >> yes. they started to make aggressive investments into many parts of latin america. donald trump is concerned about this as well. it will be an issue with every single country that he gets involved with. how much business are you doing with china and why. u.s investment in latin america kept pace with china. if not it is a little more. however the way the chinese invest they do it in a big way, right? the state does it, they do it
5:44 pm
state to state. do business with governments that our government would not do business with, right? they do not hold businesses and countries accountable in the way u.s. investors have to do because they have to deal with the fraud and rule of law and returns and chinese government does not care about returns because they are trying to achieve something else t. is central to the battleground between the u.s. and china. >> so much to keep track around the world. help us do it, michelle >> see you next year. what do you make of all of this political hot spots, different areas of the world. united states is obviously such an amazing year many of these countries have not with the exception of argentina where would you put your money to work in the new year when you are looking around the world? >> i spent a lot of time covering brazil when i was working for a brazilian company there. a lot of resources were invested in trying to get the
5:45 pm
political landscape and they look at the candidates to win. give the viewing public they don't have that resources it is tough to be taking a trade in that area. what i would say is look at the underlying make up of the etf. let's take ewz or brazil. you are looking at a natural resource trade and a financial firm trade. if you are bullish, those subsectors i think it can be make sense. i still think the strength of the dollar makes it tough to invest in the emerging market landscape. >> got it. it is a tough area. michelle laid it out for us. so many things we did not get to. currency makes a mind field, too. whose stocks are losing their buzz. can the new year put spirit back in the group? how our traders are sipping on
5:46 pm
this space when "fast money" looks at this space. back in 2 erfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! at betmgm, everyone gets a welcome offer. so whether you're courtside trying to hit the over... ♪♪ or up here trying to hit the under. whew! or, hitting that win with your crew. ohhh! yes, see defense! or way up here with a same game parlay. yaw!
5:47 pm
5:49 pm
money." >> exactly shots got a lower run. jack daniels, ending 33% lower. steve, you flagged this one for us. what struck your interest or doesn't? >> i think people's habits changed. younger people and i know people probably share this on twitter at me. >> the article. >> but, younger people are drinking less alcohol. they are drinking more seltzer, nonalcoholic. and this is like the nike. a lot of small nonpublic players eating their lunch. so, you have small nonpublic players drinking their lunch. >> craft beer. >> you have craft beer, no name and you have the ability through social media for a nonpublic company to actually compete with a heineken or a bud. so, is it a one-off? i don't think so.
5:50 pm
i think this is a, you know, a sea change. >> guy, i want to grab your thoughts before we go, anheuser bush. i am saying it not judgment call but based on what we saw as a performance of the company. how much of it is self- inflicted and how much of it is a fundamental shift? >> much of it was self- inflicted. and then the icing on the cake was the fundamental shift. at a certain point evaluation goes up. beverage bites, talking about starz, stz, it was a support. prior resistance back in 2018. so, this is one that looks interesting into the new year. >> all right. >> i am having bubbly tonight. >> now, getting the biggest wins and losses.
5:51 pm
the names regretting and the resolutions they are picking up for the new year. more "fast" in 2 meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. >> university of maryland global campus allowed me to write my own story. they want you to succeed, and for me, it was a school of opportunity. i feel like i had a support system behind me within the school. they provided me the opportunity to get my degree, as well as to take the full-time job. umgc put me on a path to be successful by giving me credit for my certifications and transferring my prior course credits. umgc supported me and allowed me to achieve my goals.
5:52 pm
[ music ] ruri: ichi, ni, san, shi... (1,2,3,4 . . ) hina: ichi, ni, san, shi... (1,2,3,4 . . ) akari: ichi, ni, san, shi... (1,2,3,4 . . ) others: ichi, ni, san, shi... (1,2,3,4 . . ) others: ichi, ni, san, shi... (1,2,3,4 . . ) (♪♪) (♪♪) you were made to chase your passions. we were made to put them in a package.
5:53 pm
z's bakery is looking to add a pizza oven, arissa's hair salon wants to expand their space, and steve's t-shirt shop wants to bring on more help. with the comcast business 5-year price lock guarantee, they can think more about possibilities 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." we are six hours away from the
5:54 pm
start of 2025 here in new york. here is a look at celebrations of some cities who rung in the new year. bangkok, hong kong, sydney, taiwan, athens celebrating in the last year. we are looking at some of the regrets from 2024 and make now year's resolutions in 2025. steve kick us off with your biggest regret and resolution >> biggest reget was part of my acronym. amgen. now, and for my look forward, bitcoin. it was my half year, you know, bullish call and bitcoin and i just think that the tail winds and the stars are aligned and i am looking for a great 2025 >> even though we had a good run in bitcoin. >> he is not even president yet. it will be the most pro cryptoadministration ever >> that is the expectation.
5:55 pm
>> what stock was your biggest regret and which is your 2025 resolution. >> sos the biggest regret. not just because of performance. the end of the year, let's eat some humble pie and make 2025 better. i did not scale it right. i did not look at some of the other parts of my portfolio when it comes to sizing. frankly i did not do a good job and lesson learned going into 2025. nvidia is my resolution, easy to look back and say that was a great winner like msos was a big loser. it is just that i think that evaluation alone should not determine if i invest in something if those earnings can support said evaluation. i think you should still look at the names. >> i like the lessons learned. we all learn something every year and inform our viewers, guy, biggest regret. >> being negative on apexpel pointing out the flaws, a
5:56 pm
number of things. since that announce nment june the stock is unbelievable. so, that was clearly a mistake. and in terms of looking forward i think energy stocks will perform. exxon has been flat to sideways for the majority of the year. there is a good chance that big cap names do well. that is the one i am looking forward to next year. >> all right, regrets behind , usresolutions full steam ahead. coming up next, your final trades wealth management skills in the biz. tech asst: actually i'm seeing something from schwab. (uh-oh) producer : yeah, schwab lets you invest and trade on your own. and if you want they can even manage it for you. not to mention, schwab has a team of specialists for taxes, insurance, and estate planning. both producers: all with low fees. carl: we're experiencing technical difficulties... uh, carl... schwab! schwab. a modern approach to wealth management.
5:57 pm
5:59 pm
6:00 pm
talk a lot more rare earth. mp materials. >> and guy? >> happy new year, everybody, court my your kids are watching, your mom is going to buy you boots, everything will be fine. stz. >> and that is right. i will not let them go cold. anyothk u for watching "fast money." happy watching. happy new year from new york city times square "mad money" starts right now. >> on "mad money" tonight cramer will venture anywhere. >> a gigantic chevron floating production unit smack in the middle of the gulf of mexico. i am coming to you from chiefs' kingdom. >> to speak to executives and leaders across wall street and beyond from retail to health care, technology and more. bringing investors the story that matter to this market. "mad money" looks back at the biggest conversations of the year
0 Views
1 Favorite
IN COLLECTIONS
CNBC Television Archive Television Archive News Search ServiceUploaded by TV Archive on