robert albertson is of piper sandler.ow, this is the great fear of so many, frankly including senator mcconnell, of deficits out of control. can we get ourselves out of this debt and this deficit? robert: no, i don't think so. i think we would have to dive in even deeper. look at the covid situation. we need an infrastructure package beyond badly. we absolutely have to have it to keep roads going in this country. we are going to have to pay for all right after paying for of the support for covid. it is just pushing the envelope i think. it is a double hit here. tom: but within that is the recovery through growth. do you assume that aliens and trillions of an infrastructure program, somewhat like the apollo program of years ago, would lead to growth within the domestic economy? or is it just tangential? robert: i think it is fundamental. i think it is strong. it is a powerful lever, and i think it can keep us back up into the 2% trendline growth, or even a little better. without it, we are going to drop to 1%. lisa: do you

robert albertson there of piper sandler, their chief financial strategist, talking about bitcoin, turning of the big investment stories of 2020. having said that, we did see bitcoin move up again in today's trade. let's walk you through the markets on this monday after a long holiday weekend. you can see risk trade on. some support certainly when it comes to the equity trade, up about 0.7%. 20 points higher on s&p 500 futures. you can see the euro just up a hair. 10 year yield up to 1.95%. take -- let's talk about bitcoin. it hit several records last week, up above $27,000. that is were markable. carol: it is absolutely -- that is remarkable. matt: it is absolutely unbelievable. the volatility is difficult for as you to stomach, but keep getting higher and higher, mike mcglone joins us to talk bitcoin. one of the most interesting things to me since i started covering this, i've talked to government officials about this, as well as bitcoin legends. is it a currency or a commodity? what do you think? mike: i think it is really more of a collectible like gold. spend it, but you don't really

piper sandler and quinn of juul financial.his is a company that's seen its lodging and theme park business absolutely kneecaped over the last year and yet the f stock is at a high do you buy or wait >> you applaud it. i don't think you chase the name i'm a shareholder. i'm super excited to see the company execute and be rewarded. this is a great lesson for investors that when a worldclass franchise is experiencing difficulty, as this company has been but then pivots, when they execute, you believe in that company, you take an investment and ultimately you will are rewarded now, selling 32 times forward earnings with a pretty significant debt on the balance sheet, you wait for a pullback, you don't chase it here. but bravo to disney and great lesson for investors to be patient and believe in these world class franchises >> there are reasons why great companies are great companies. this i would say as a core holding in most portfolios would be one that most people like you would recommend. craig, how about what the squiggles and

coming out for the particular analysts the next one, a little earlier on, alexander potter, again, piper sandlerter solid execution in the third quarter, tesla still deserves a must own status so positive kmen tacommentary te then they rounded out with something negative this is over at needham. we never saw a stock rise that fast that high without fundamentals tesla was a $75 billion company to start the year. $75 billion. we just showed you, $550 dlsh billion market cap if you look at the biggest companies in the s&p 500 which tesla will be at one point in just the next few weeks, take a look at apple, you take a look at microsoft, you take a look at amazon, those particular moves there to put it in context, apple $2.1 trillion. microsoft, $1.6 trillion amazon, $1.6 trillion. tesla will be the number six stock in the s&p 500 if it were to go in today so, carl, an interesting look at that big goldman sachs call. there could be more upside ahead. if anything happens here with some of the big calls, but still, caution abounds when it comes to a stock that's run that fast remember, carl, $75 billi

. >> southwest, $59 a year with the vaccines on the way, the firm sees travel piper sandler lifts lyft american express initiated with a $125 price targ petarget the firm seems plenty of growth in u.s. consumers and small businesses and seaport initiating with square, visa and mastercard it most bu it's most bullish on square. and visa and mastercard are seen as beneficiaries ended up in cash >> i'm glad you ended there because i wanted to say to you, weiss, you like visa over amex to begin with but then this. >> yeah, so, american express is more levered to the business cycle and particularly small business cycle i just don't see that coming back as quickly. i see it continuing to be under siege. i also like visa and mastercard because i don't own them square is too expensive. jumia is growing at 100% a year. so i got that covered. i just see no reason to step back and go to american express when visa is such a core position for me at this point and worry about the business cycle. >> does anybody own axp? no one does. joe, you used to, bryn, you like it but nobody owns it. why, bryn?

end of this year thankfully, and ahead to next year, craig johnson, chief market technician at piper sandleryou bring the heat, basically the built-in rbis, which is that this rebound, 185 or so days, back to new hires, tghs, fastese the 1930s. does that make you nervous at all? that is not exactly the best historical reference >> you know, we got to put this into perspective and i think that is what we have to do looking at this advance, at what we're seeing happening with markets, i think the best way is hope versus reality. and to that point of the fast t est advance, couple that with the fact that we are now trading 17% above arising 200 day moving average in the market. only 3.5% of all the trading days since 1928 have we traded at that level or higher from here that coupled together with the fact that you've got very meaningful sentiment indicators that are overbought, the aaii numbers and also when you look at the put call ratios, these are at unprecedented levels. to be clear, we're long term optimistic bulls but short term in here, we do think that there will be a tactical correctio

let's bring in piper sandler's sr. research analyst with pfizer it was obviously a huge deal.rna it is even more extraordinary because they have never had a especially product before, or revenue this is their first shot out of the gate ted, are they ready. >> i think they are. you are right. you always expect pfizer is the biggest pharmaceutical company on the globe who is moderna at the start of this i don't think anyone knew who moderna was. now it is a household name i have to be honest, the company has risen to the challenge they put in place really important relationships with manufacturers. they have been assisted by the government and they have delivered a really robust phase three trial the briefing documents mentioned were out this morning and the fda will be reviewing their vaccine for emergency use authorization on thursday. >> do you expect, ted, both moderna and pfizer's vaccine to be as hard or as easy to roll out as each other? >> so, actually, they are very similar vaccines they are based on similar technology moderna's does have a slight advantage in terms of

. >> piper sandler upgrading lyft from knew trillion to i don't have weight siding covid's impact onship. it also cited recent regulatory developments that benefit these companies, certainly the ones employing gig workers as well as the stock trading at a discount to uber. what's the valuation telling you for lyft >> you know, it's already building a fair hope for some kind of normalization. it is not necessarily the case that it has somehow been completely neglected and left aside. what is interesting is even before the pandemic these stocks, uber and lyft, had a very difficult time kinds of persuading investors as a group to really value them based strictly on users myers or whatever metrics there were. they were kind of stuck before this i think they have done fine recently in terms of pricing in a somewhat more normal environment. it is interesting that you have this back and forth between is it good to be in food deliver ree or not we are going to be door dash coming out it is going to create a new comp for that part of uber. we will see how that dynamic works. it is not to me t

daniel shea and sandler from piper johnson. >> i would stick with the winners here i would definitely say apple has definitely made santa's nice list this year technically when you look at the chart, you're in a nice up trend. you can see we've come back, successfully retested it and we're getting back to retesting the old highs. from my perspective, i'm going to stick with the apple. i think it's a gift that won't be returned this year. >> do you agree, danny eielle? do you think the january effect will take place this year? >> i agree with craig, however i think i'm going to stick with the winners as well. for me personally, i love the january effect and i also love the run into earnings. so, when you're looking at microsoft in particular, microsoft has shown consistent earnings growth and they have also shown a very consistent run into earnings the two to four weeks before that report for me personally, i love buying long calls in the earnings series to take the rise and in addition put credit spreads into the earnings report. >> wow. >> we might see a little bit of a rally from bo