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CNBC's "Fast Money"

A “Regime Change” for Stocks and Counting Down to the Biggest IPOs of the Year

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 7 December 2020

⏱️ 44 minutes

🧾️ Download transcript

Summary

The S&P and Dow pulled back from all-time highs, while the Nasdaq claimed another record close. But Wells Fargo’s Chris Harvey is urging caution. Plus, as we get ready for the listings of Airbnb and DoorDash, how should investors prepare themselves for this high-profile offerings?

Transcript

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0:00.0

And Wolf, thank you very much.

0:02.0

In for Melissa Lee, I'm Tyler Matheson, and this is Fast Money.

0:05.0

Tonight's Trader lineup, Guyadami, Tim Seymour,

0:08.0

Karen Feinerman, Dan Nathan, welcome one and all.

0:11.0

Glad you can be with us from such lovely settings each of you.

0:14.7

Tonight on Fast, a regime change for stocks.

0:17.7

That is what Wells Fargo's Chris Harvey predicts as we head into 2021.

0:21.5

He'll tell us what he means and the names he is betting on.

0:24.8

Plus Palantir Pops, that stock up 21% today alone.

0:30.3

And we will tell you the big headline that drove those gains and we're all over

0:34.1

the after-hours action in shares of Toll Brothers and Stitch Fix. Those stocks are moving

0:40.2

after reporting results. We'll break down the trades straight ahead.

0:43.4

But we start with a little bit of target practice, folks.

0:47.0

Wall Street analysts are breaking out their crystal balls and looking into next year.

0:52.0

More and more firms putting out their 2021 S&P

0:55.8

forecasts it is quite a range there you see Citigroup on the low end 3,800 that's just

1:01.2

3% higher than where we are right now on the S&P and at the other end

1:05.1

JP Morgan 4500 that's about 20% upside

1:09.8

So folks as we gear up for next year which camp are you in guy are you at the low end 3800 or closer to

1:17.6

J.P. Morgan.

1:18.6

I'll say what and I'm in I'm in I love Tyler Matheson and nice to see you're the man thanks for being here

1:26.6

Tyler and what was that Tyler what was that show um boldly go where no man's going what was that show star trek right yeah no I wasn't

...

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