let's go to our own phil flynn live in chicago for a closer look.hil, you and i talked about bitcoin as a shining star, continues to propel higher. there are investors definitely want to touch this next year but a afraid. should they wait for pullback, give it some time or will this thing keep moving? >> i think you have to give it some time. you have to be very careful to invest in the crypto space because it can be extremely volatile. when you have anything goes from 7,000 to $30,000 in a short period of time. you have to be wary it could go back down there to have a big correction. having said that, i think the reason why people are throwing money at this, because bitcoin is the new gold, right? they're worried about money printing. they're worried about governments devaluing currencies. they're worried about the potential, sharply higher taxes and inflation in the future. bitcoin theoretically is a currency cannot inflate. it's a store of value. that is why people are jumping into this right now. jackie: when i talked to you earlier today you ha

jon corpina, phil flynn. jon, peloton leadership aside, apple is no longer a tech company, it's a lifestyle company. do you buy apple or do you buy the stocks, the technology behind this lifestyle company that's within the apple ecosystem to make it work? >> good afternoon, liz. full disclosure, i have been an apple holder for a long time. i don't trade it. i simply buy it and hold it. that being said, i'm a true believer in the mothership. yes, there's a lot of companies within the ecosystem there that get to profit off of apple's continued growth in different products. but when you look at apple as a company, it is a lifestyle stock. it's going to continue to be a lifestyle stock and company. i think this price level that we're at is one that's somewhat important. if you go back to the end of the summer when the split came in apple, apple came down to the mid-teens and has been trading in the mid-teens to low 20s for quite some time. this is the first real bump-up we have seen since then. if it can continue

let's bring in scott redler and phil flynn to talk about it. the question always is, should investors be prepared for that santa claus rally. again, the stimulus bill getting signed certainly helped us out this morning. >> well, when you want to prepare for the santa claus rally you want to try and get involved before it actually starts taking place, and you put your positions on anticipating it and if you recall last week i was on with liz trying to anticipate this with buying amazon, apple and microsoft, which were all sold because the rebalance with tesla. right now, if you are positioned for the santa claus rally you are feeling pretty good today. lots of stocks are on the move. if you have been positioned all year pretty much, you are feeling pretty good. the question is, usually strong stocks end strongly because nobody wants to take profits at the last day or two of the year. but there's a small chance that some people get a little bit of cold feet because they are worried about the january 5th runoff in georgia, just in case if it does

let me get to phil flynn.hat signals do you as a very experienced and seasonedded trader hear right now that other trade thers or investors are not -- traders or investors not quite yet kind of being aware of that we should know? >> you know, i think what i look at sometimes is what we've seen already in a weird way, it's when the little guy gets into the market. that was the old adage, right in when the shoe shine guy starts asking you about the stock prices, it's time to sell. but that isn't the way it is anymore, right? you've seen this incredible influx of cash from robin hood traders and little retail traders, and they have really been driving the market, and i don't think that's going away anytime soon. the trend is your friend. sometimes you just is to go with the trend, you know? and if you're worried about looking at overbought indicators, i'm a big believer in assets, a combination of moving averages when they get way too hue, tied to buying some put protection on the downside or whatever. but i'm re

hayes and phil flynn. tom haste hayes and phil flynn. dud you make of that rotation, albeit a short one yesterday? >> well, liz, i think this is an abundance of demand and a scarcity of supply. both airbnb and doordash only floated about 10% of the company. everyone wants them, they're unique franchises. for me, i would treat this one like snowflake in the case of airbnb. snowflake rocketed off the ipo, and then after a few weeks when it calmed down, you could get it at a more reasonable price. i don't know how reasonable the price was, but in the case of airbnb, its peanut private market valuation was 34 billion, they raised 3.5 at 41 billion, and now it's trading at about 100 billion. i might wait for it the tool off a little bit. 125 times earnings a little rush for me. in the case of doordash, private market valuations was 16 billion, and i read a note it would have to compound revenue at 40% a year for the next decade to grow into that valuation. so i'm going to sit back and wait. i do think the airbnb has a better franchise than do

guys, we've got tom hayes and phil flynn. is it distribution or d.c.? tom, you start. >> well, liz, there will be no grinch this year and santa claus is coming to town. this stimulus package is a very positive thing for the markets. it's about time they came together and i think secretary mnuchin's pulling that $500 billion back from the cares act really helped to drive this, because half of the money for the $908 billion will come from that leftover cares money. you got $160 billion for state and local governments, you got $288 billion for small businesses, unemployment insurance, an extra $300 a week for the next four months, $82 billion for education, $16 billion for health care. a lot of good things in this package. the other thing is, it's just the seasonality. the last 25 years, the s&p is up 90% of the time between thanksgiving and christmas, and since 1948, when the s&p is up 10% through november, 100% of the time it's up in december. so there are a lot of tail winds going here. the rotation that we saw in november is real. we have talked to you

joining me now, price futures group senior analyst, phil flynn. phil, always great to see you.as an investor and you wonder, you know, if you haven't gotten into bitcoin and it's something that you're considering for next year, if you missed the big move. >> i think it's very risky, no doubt about it. it's the type of investment, it's definitely a speculative investment and as fast as it went up, it could go down just as quickly. really, you have to look at the story behind the currency. it isn't just about the currency. it's what drives the currency. that is the block chain technology. that's the biggest issue. for the first time in history, they have a currency that is not controlled by any governments or by any people, but by a peer-to-peer software platform, okay, so this is actually revolutionary and everybody thinks this is the greatest thing. but the concept is wonderful, but the reality, when you look at bitcoin and how it works, there are some negative sides of that. number one, its energy usage which right now, to mine from mes b these bitcoins, it's the energy equiva

liz: troy gayeski and phil flynn, have a great weekend, stock and stock index futures, things can get a little volati volatile, keep your eye on they're down to 26. a fox business alert check out this pot stock, look at winnebago at the moment it's moving higher by about 6.8%. the pandemic driven urge to reverse the country and sleep in your car. help the recreational vehicle big fiscal first quarter profit revenue deep forecast, motorhome revenue where the big driver. despite reporting a double leap profit, fedex is moving lower at this hour down about five and half percent. "after the bell" yesterday they reported and they refused to provide near-term profit guidance saying continuing uncertainty due to the surgeon coronavirus cases has made financial calls like guidance to murky but the stock has run up in the past three months doubling, it's a really nice move, fedex pulling back by 5.6%, ipo superstars airbnb and doordash on the move getting love of the publicly traded status, initiating coverage with a positive rating both moving higher in airbnb up 6%, you can see doordash up 7

tim anderson and phil flynn. guys, great to have you both here on the final hour. >> happy new year. cheryl: all right. tim -- >> happy new year to you and everybody else at the fox business network. cheryl: thank you, tim. i like the bow tie. talk about, you know, what we're going to see in 2021 as we close out the books on this year. what are your expectations in general for next year? >> well, clearly we have had a very strong rally in some sectors that had not been leaders most of the year, and even the last couple of years, that being energy and financials over the last ten weeks. i think we have to see if those sectors can continue to add to the leadership profile of the market, and maybe take away a little bit of the burden from the tech sector which has done most of the heavy lifting for the last couple of years. cheryl: you know, phil, as we look at 2021 and we have talked about this a few times, besides technology, energy has been the big story. that could be one of the sectors that really makes a turna

jon corpina and phil flynn. s point in the game, if you had to choose one sector or another, would you invest in the autonomous sector or electric vehicle technology? phil, you go first. >> you know, tell you what, i think where you should change the name of the song of california, here i come to california, here i go after everybody's leaving, right? i will tell you, amazing. today, we lost hp, he's moving out. anyway, to get back to your question, the easy answer would be the electric vehicle sector because that's starting to be proven. people want to buy these cars. we know they are starting to love them. there's a lot of growth in that sector but i like this luminar. i really do. i think they have something here with their technology, that could go into a lot of different electric car companies. i know elon musk kind of pooh-poohed their technology and said lidar technology isn't the way to go, they have a different technology. they have cameras and things. but i think their technology could go and if it does

andrew smith and phil flynn. andrew, many stocks completely defied the odds of horrible headlines all throughout the last nine months of the pandemic so short sellers have been squeezed. what are you seeing in the short space? >> that's exactly right. it's been a capitulation of shorts as of late. in fact, one of goldman sachs' data points over the last 20 years shows it is a low record level set for the amount of short interest as a percentage of flow for the s&p 500. it's not just the overall index. we have seen the gig sectors, all of them except for energy have hit these record lows in the amount of short interest. so it's really across the board, short sellers had a hard time, especially with the fed liquidity injections that have really sent this market higher. everyone is throwing in the towel and saying we will take the other side and close the short book. it's definitely manifest within the market. energy is the only one that has not caught up to that trade. liz: oh, phil, timing is an interesting thing,

tom hayes, phil flynn. tom, let me start with you. take a guess. which stocks do you think will grab the retail investor's attention next year? >> well, liz, they have two sides of the market. first and foremost, they outperformed the professionals coming off the march meltdown in the markets. national bureau of economic research put out a report and they said not only did they not panic, they did not have margin calls, they were a stabilizing factor in the markets because they were buying what professionals were selling and they were being greedy when others were fearful. so they won. they also bought the high-flying tech stocks. they bought tesla, they bought amazon, peloton and zoom. that worked as well. these are younger investors, they have a longer time horizon to make it back. they are not scarred by the great financial crisis or the tech wreck so they have no bias and i think they will continue on this trend in 2021. i think they will be going for the disruptive tech ipo which can be a little risky because buying stocks at 100 times sales d

let's bring in our traders, phil flynn and teddy weisberg. good to have you here. good afternoon. teddy, i want to start with you. you have the weak dollar which is not really a surprise considering the fed's movements this year. strong bitcoin. but what does that tell you about where the markets are right now? >> well, the weak dollar is really music to the ears of all the big u.s. multi-national companies, cheryl. companies that are doing a lot of business outside of the u.s. clearly benefit from the weak dollar, no question about it. that's a broad brush approach, there's a lot of companies that have a lot of exposure to offshore sales. by the same token, it hurts foreign companies that are doing business in the u.s., which in a way, prompts those foreign companies to establish facilities in the u.s. to manufacture here to stay competitive, so that actually helps the u.s. economy. it's sort of a win/win depending on what side of the equation you're on. in terms of the stock market, i'm not sure it has any major effect, but it does certainly help the bottom line of these big u.s

tim anderson, phil flynn, fox business alert the dow we should tell you would look a lot worse if it weren't for disney at this hour. it is the highest-flying stock in the galaxy right now. look at the jump that disney is having. 13.6% not even the highs of the session as the mandelorian and baby yoda, the mouse house throwing the doors open to a slew of new content for disney plus including 20 new star wars and marvel-based series which brings us to disney in the battle for streaming superiority. netflix at the moment, you can see netflix is down just a fraction, let's call that flat. warner brothers, and hbo , max parent, at&t along with peacock and universal parent cox cast both have made major waves shattering the traditional theatrical exclusivity window by simultaneously releasing new movies on their digital platform s and disney though still not ready to give up on giving the box office a head start though. scarlet johanssen's black widow set for theatrical release on may 7 without a simultaneous digital release on disney plus. big screen stocks are mixed at the moment with on

let's get the read on that from phil flynn, also susan li. on with oil and whether it's telegraphing something like that, a global slowdown or at least a recovery that won't be as fast? >> well, i think that's exactly what it is. but i think right now, if you look at the way the stock market has bounced back and oil has not, that's a real tell-tale sign with the concern about this swaef second wave of lockdowns we are seeing in europe. the biggest concern is the second strain. the market doesn't know how this is going to impact the end game for this virus, right, because the oil market was pricing in the last couple weeks that the virus is coming to an end, people are going to get vaccinated, we will see a comeback midyear full strength. now we are saying wait a second, we don't really know, we need more information, so the oil traders are taking profits and are in wait and see mode until we get a clearer sign of how this will impact demand. neil: you know, when you look at the markets, i have been listening to you, susan, great runup and they

the price futures group senior analyst phil flynn whether 2021 will bring more answers for the oil industryr for energy companies. oil prices are just under 50. they're elevated because of a lack of supply. the issue is the stall in demand. >> you're right about that. i mean it was unprecedented what we saw. the ol' saying was, jackie, you and i know, it felt like it would go below zero. it can and it did last year. >> we saw it. >> i know. what is that? that was impossible but guess what? what was impossible was possibility. we're seeing record writedowns. the good news about that 2021 has got to get better, right? i'll tell you this oil companies are very serious about these write-downs. they don't want to see this again in the future. there was a stark warning from the cfo of chevron who basically talked about the huge writeoff that the company had to talk by writing off their entire venezuelan oil investment, writing it off basically to zero. kind of suggesting, guys, we should have saw that coming. but i think that is a sign that energy companies in the new year will be a lot more of d

the read on all of this with phil flynn, dan danielle demarch attorney know booth. danielle, this is awful lot like the 1999 boom, bubble, there are money making concerns. not all, certainly was the case in 1999, your thought on then versus now? >> well, first of all, neil, i think that if you're ever looking for a second career you might consider being an auctioneer. you take those numbers basically. auctioneer with no shoes and socks on mind you. neil: thank you, my friend. >> there is big difference between then and now. that is the drivers of the nasdaq, the drivers of the technology boom that we're seeing today, the godparents if you will, they are profitable, the "fang" stocks. and they're basically oligopolies unchecked in this country. we've got a new era of robber-barons if you will. they're allowed to continue expanding their footprint. so they have got tremendous power. they have got huge cash flow capabilities. there is something that is very reminiscent about the breathlessness and the ipos and saying saying that grubhub h $90 billion. let's wait to get

flynn and judge sullivan's handling of it is a national embarrassment. we appreciate the president ending this travesty of justice. joining us now, phil kline.f the amistad the project filing election fraud lawsuits across the country, also former attorney general of kansas. and, phil, it's great to be -- to have you with us and to be able to talk about this cause first in -- this case first in pennsylvania in which we saw the supreme court, without comment or signature, simply deny an injunction against the state of pennsylvania. your thoughts on the court's ruling today. >> well, it's unfortunate, and i think it's somewhat consistent with what was justice roberts' concern about it and the united states supreme court interpreting a pennsylvania statute under the pennsylvania constitution. i do think that there was what we call an as-applied case that should have been considered by the court, in other words, that the act itself may have been within the pennsylvania constitution, but the way they administered it was contrary to the constitution of the united states. but i don't think it was quite postured in that fashion. and, lou, if i could

phil rucker. and i promise i'm going to get to ron klains comments, but so much to pull in that. i mean, mike flynn is someone who is two things. one, he owes trump his freedom. two, he's still keeping the secret for trump as to why he lied to pete strzok about his conversations with the russians. he had the authority once he was the country's national security adviser to turn russian policy and u.s./russian relations however he wanted. it seems like donald trump was willing. so why he lied about those conversations with the russian ambassador remains one of the enduring mysteries. but if hillary clinton had been president, none of these people ever held any power, they would just be nut jobs on the mark levin show, but these were people holding the levers of power with top clearances, with pipelines to the united states military, and one of those people was in the oval office on friday pitching martial law. phil rucker, your paper has an incredible story. i think it went up yesterday about all the places that all of trump's, i don't know a good word for it, maybe extra judicial, autocratic. one is