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CNBC's "Fast Money"

Hello From the Other Side? And Bitcoin Puts in Another Big Week

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 20 November 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

There’s more positive news on the vaccine front, companies are raising dividends, and earnings guidance has been strong. Corporate America seems to think we’ve gotten past the worst effects of the pandemic, but have we? Plus Bitcoin nearing the $19,000 mark after surging another 15% this week. Brian Kelly scopes out what’s next for the cryptocurrency.

Transcript

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0:00.0

I'm Melissa Lee and this is Fast Money. Tonight's trader lineup Steve Groso, Brian Kelly, Jeff

0:05.8

Mills and Bono and Ice and tonight on Fast, the ultimate Thanksgiving trade. Get ready to

0:10.9

stuff the bird, pass a gravy and unmute yourself.

0:14.0

My investors are feasting on this stay-at-home stock ahead of Turkey day.

0:17.2

Plus, Bitcoin-going bunkers this week, the crypto cracking above 18,000 for the first time

0:21.9

in nearly three years.

0:23.7

Our own Bitcoin baller, BK, breaks down where it's headed next.

0:26.5

And later, to the moon, we'll tell you what lit up the solar trade today.

0:30.3

But we start off with. Hello from the other side, despite the spike in COVID cases around the country, companies

0:39.2

are looking out to the other side of the pandemic as we make progress on a vaccine.

0:43.2

Pfizer just out today with big news that it applied for FDA emergency use of its vaccine.

0:47.9

And corporate America is sending signals of an all-clear, Nike, Merck, TJX, Coll's, Costco, all either increased or reinstated dividends this week.

0:56.0

And as we start to wind down earnings season, more and more companies are getting comfortable

1:00.3

forecasting the future.

1:01.7

The number of big businesses issuing forward guidance is up 30% from last

1:06.6

quarter. So corporate America is looking to the other side is a time for investors

1:11.0

to do the same. Brian Kelly, what do you say?

1:15.0

Uh, well, I think it's great, first of all, that corporate investors,

1:19.0

corporate corporations have a little bit more clarity,

1:22.2

but that's what this whole reopening trade was

1:24.4

about from the bottoms that was the whole thing is that you're not going to have

1:28.1

any clarity but when you do boy then it's going to be really good so let's look at

...

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