keep in mind cnbc spac 50 is keeping track of these for you and the cnbc spac 50. jack >> caller: jim, a great big boo-yah from allentown. >> my, i was in allentown yesterday. how do you like that that's a great coincidence. >> reporter: that is a great coincidence. glad to have you here in our great city. >> that's a good sign. what's up? >> caller: first time caller, long time listener. >> thank you. >> caller: are you bullish on ford motors? where is the stock headed? >> jim farly is running it and has the backing of the family. this quarter may have warranty issues i don't want to have too much hype but my travel trust owns it join along at the action alerts plus club. we're not adding to the position that's important for people to know let's go to quidwight in connecticut. >> caller: thanks for taking my call. >> of course. >> caller: the stock i have a question about is xl fleet the stock has risen to 35 and came back down to 20 i bought some at 21 and looking to buy more. my question is would several analysts giving the stockprice between 30 and 60 and the c

company ipos as we had in all of 2019 it's a lot to keep track of and cnbc has you covered we have the cnbc spaci want to make sure that you don't miss the most important deals. yeah, i have to tell you i'm grateful for the list because i intend to hit every one of them which brings me to wm holdings the parent of weedmaps some people are calling it yelp for the cannabis industry. i think it's too much business to consumer i'm thinking they do more business to business. they help the cannabis clients scale. and they became public with silver spike acquisition and this company has been around a long time. this is not just something dreamed up stock, speculators are lapping it up. up more than 140%, including 14% moving day alone frothy, it doesn't mean it's done it just tripled, let's dig deeper with chris beals, to learn more about the weedmaps and the reverse merger with silver spike welcome to "mad money." >> thanks for having me. great to be here. >> so chris, i have never seen weedmaps until i read about it as a spac and saw you on david faber interviewing you i think a lot of people would l

check out our cnbc spac 50 index. top 50 u.s. estment it's up sharply to the renaissance etf and tracks ipos. joining us is robert kindler, morgan stanley vice chairman and global head of m&a good morning to you, rob we talk spacs every morning. i heard a phrase i never heard it used to be you have a beauty pageant or auction which you'd run an auction for a company now they have spacoffs you have a target company. everybody shows up as a spac what's happening here? >> they fulfill a unique space i don't think they're going away what's happening overtime is the technology around them has gotten better. most notably around doing the pipes at the spac. what's happened with spacs is they've become just a unique vehicle for certain companies. right now because of the public equity markets are so high, you can get more from the sale of a spac than you can the private market there's a disconnect between the public market and the private market if the overall capital markets weren't as high as they were, spacs would not be as active the

there's the cnbc spac 50 i got to talk to you about what that measures.9, we have 59 total that just gives you a sense as to where we are. less than a month into the year. 59 spacs by the way thanks to our friends at spac analytics just yesterday, 250 million, crescent grove, 200 million, gores 7, up to 7 they started in 2015 there it is. 59 so far. g squared, ascend. kensington, 2. you notice a lot of them fusion, two. altimar, two a lot of them on two, three, four this morning, he's on jaws three. and you know, andrew and the gang were talking to barry about spacs a guy who is sponsoring them obviously but he did have some words that at least should bring caution to those who are looking at the sector, take a listen >> i was just watching and astonished, the companies that i passed on for 5 billion, trading on 20 billion market caps with 1% gross margins and completely untenable businesses with new competitors taking their lunch >> that doesn't sound great, does it, jim >> no, but look, it's a free for all, we've never seen anything like particular the

. >>> the slew of 2021 spacs going strong the cnbc spac 50 index tracks them by market cap including t have declared a target investment and it goes up until the deal closes. this morning we have a new spac to add to the index, ai powered recommendation and recommendation platform taboola says it's listing on the nyse. joining us with more is adam cengola ceo of taboola why a spac the offering merger did not happen is this an answer with how to move forward given that that's off? >> so many questions good morning, joe. first of all, i'm ringing the bell for the open web. it's a big market. it's important we need the strong, diverse open web during this time i'm excited to go public the reason we went to the spac is we found a great partner that was excited about our vision he's going to join the board we had together -- we raised some of the biggest names in wall street, fidelity, blackrod, head of sophia, baron. $1,000 in gross revenue, 375 million and $125 million in adjusted ebitda. we thought it was a good time to go public with a good partner. >> did the -- the conjecture was whe

. >> we have a spac 50 at cnbc. >> we have a spac 50 it's an index. and we should point out these are all spacs, carl, sorry, that have not announced their deal, okay so conceivebly you would imagine they would all be trading kind of at ten bucks but they're not. they're trading at closer to 13. i guess is how we're doing it there. but you can see, up 12.9%, and that's where that index stands right now. this is prior to announcing their deal now, soon, we're going to have an index as well that actually comprises all the spacs that have announced their deal. so we'll see how that is performing >> these stocks, the record is almost perfect for these in terms of going up if you buy them a lot of people just think that's too good to be true, david. >> there's so many, man. prima vera >> liberty media 500 million. up 20 times over subscribers 20 times >> 20 times. >> why because greg sends a christmas card to people what do they know about -- >> now another, another spac etf today, we've already got ticker spac today, and today the fresh one is spxz, so a

we want the remind the viewers that the cnbc tracks the top u.s. spacs and it is not an index, but targets the index, and then it is up fairly recentlysh and up 14% or so this year, and mark, what is going to put a brake on the spac mania. is the quality of the acquisitions going down or what is going to finally put a brake on this? >> well, bob, it is tremendous insight. every unique structure that has come to be, whether it is the ipo or mutual funds or etfs and the highest quality managers are attracted to it first. and once they have all done their deals, then unfortunately, you will attract some less quality managers and that is where, you have to be very careful in the current environment. and, so we are going to remain very diligent and vigilant to focus on these quality teams, and most importantly, these companies of the future and these innovative and highgrowt companies, and so, i don't think that we will see a slamming on the brake, but i think that we will see a slowdown in, just the number of opportunities that are fantastic. >> all right. t

wework tells cnbc that it's had some interest from several spacs as well as from private investors. hoping to go public next month. andrew >> thanks, becky meantime, robinhood in the cross hairs this morning drawing on a bank credit line and now raising more than $1 billion in new capital from existing investors. platform will start allowing limited buying in the securities that had been restricted yesterday. gamestop stock at this hour is up and it is up all over again let's show you where things stand. it's now trading at $373 a share. that's up 92% from where it was amc, nokia, blackberry all up again on the assumption that perhaps some of the robinhood customers are going to be back online and they may be buying. we'll see whether that happens i spoke to robinhood's ceo about the motivation behind the short squeeze and some of the investors that publicly said as long as they can hurt the hedge funds and hurt the system, that is a benefit to them they don't care if they lose money themselves it's a very different thesis than most investors use to approach investing >> i mean, the

. >> we have talk space going public through a spac, backed by doug bronstein, doug is going to join us next on a first on cnbc interview right after this >>> welcome back to "squawk box," online therapy provider talkspace going public today through a spac, merging with hudson executive investment corporation. that spac is led by former jp morgan vice chair and cfo, doug braunstein the transaction is valuing talkspace at an international enterprise value of $1.4 billion, and providing the company with $250 million in capital. joining us is talkspace's ceo, warren frank, and capital founder and managing partner, doug braunstein. good morning to both of you. talk to us a little bit about the spac process and what you're hoping to do with these new funds. i know you had been thinking about an ipo at one point and clearly have decided to go this route. >> good morning, andrew. yeah, you know, first and foremost, we're called talkspace, and talk spac makes a lot of sense putting the jokes aside, we were looking to dramatically expand our reach and help many more people because this is, you know, nowadays as the sec

cnbc's index is up nearly 30% since november >> talk about a double-edged sword. it wasn't long ago we were bemoaning the traditional -- it didn't give a democratized process. lo and behold you have the spac'm going to give them the money and let them make the decision, and now people are complaining it's give away too much control. spacs might be emblematic -- >> it's another way for companies to raise catch, go public a lot earlier than they would in a traditional ipo, for better or worse, to barry's points, some of these companies have very small revenue streams right now. even their targets for, say, 2025 are very, very small, but it does give, to your point, more people, more options to invest in, for better or worse buyer beware >>> solar stocks, in names like sun run, sun power, first solar, getting a boost at the biden administration focuses programs more on renewable sources of energy then today, morgan stanley making a bullish call on solar edge, calling the name a world leader in the solar pv converter market, and setting a target price. the sun shines on everybody in solar. >> just do it as a spac with these new companies. i do think it's some of the same trends with evs, for

cnbc blue origin is aiming to fly its first crude flight into space by early april. >>> and timman fertitta is reportedly in talks to take his casino and restaurant assets public through spacse operates the golden nugget casinos and hundreds of restaurants under the landry's brand. everybody is going spac these days. >> those four letters, the four letters of 2020 and now of course into 2021 as well thank you very much, bertha, we'll see you later on. >>> now back to the markets, joining me now is defiance ets chief investment officer and cofounder, sylvia deblanski, a friend of the show, happy 2021 to you what's your big thought for what's going to happen this year, given what we saw in 2020? >> good morning, dominic, great to see you and happy new year. i'm pretty optimistic about 2021 and for a lot of reasons i think we'll probably see positive gdp recovery in the second half of the year when the vaccines are sort of rolled out and people actually get to tak1a big chunk of it back, a group of people back to work, and i think that a lot of that will restart the economy. fiscal and monetary policy are going to continue to be supportive towards the market. we saw the americ

going to do given their deal today, to list through a spac ion acquisition corp there's a list of all of the ones we're talking about here today. cnbc 50, right. >> you can see the overall values, bill foley will join us later by the way. >> oh, really? >> great booking >> thank you >> but to your point, jim, they're talking about, i'm looking here, sorry, the applied valuation for tabula, they're giving you some projection, you know, over 375 million of ex-pac revenues and 300 million of operating income of 1.2 billio in revenues in 2020. but your point is they don't have to hold to them quite as tightly as they might if they were filing directly as opposed to the spac having been the filing entity originally >> latch merges with tishman spire, the whole building operation, carl, the last i looked, the building operations in the city not that good but i think people like the deal because we just think it is. >> that's part of it and lloyd blank, of course, everyone has an opinion right now about where spacs fit in in terms of the overall market narrative and certainly earlier on "squawk," lloyd blankfein weighed in. >> if investors