Meta’s Record Run… And Treading Lightly in Europe 20/14/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 14 February 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Meta’s record run continues, as the tech giant hits its 20th day of gains. But not all of the Mag7 are following in Meta’s footsteps. What the underperformance means for the broader market. Plus Investing overseas? Tread lightly. Why Rebecca Patterson is using caution across the pond, and how you can navigate any volatility across the pond. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site in the heart of New York City's Times Square.
0:04.8	This is fast money for a Valentine's Day, and here's what's on tap tonight.
0:08.7	Wall Street's loving meta, the stock now riding a 20-day win streak.
0:12.8	Along can that rally last, and will the rest of the Magnificent Seven join the party?
0:17.4	Well, we'll debate that.
0:18.4	Plus, on a roll, casino stocks are rocking MGM. Draft Kings win surging this week. Should you roll the ice on this rally? Stick around to find out. And later, Roku's rebound, why one of our traders likes it more than Netflix. European stocks are having a week. Time to trade having a week time to trade it or fade it,
0:38.8	and rocketing higher. We will break down the soaring valuations in the NBA ahead of All-Star
0:45.1	weekend. Nice to be back with you. I'm Tyler Matheson, in for Melissa Lee tonight,
0:49.4	here in Studio B at the NASDAQ on the desk tonight. Steve Grasso, Mike Coe, not actually here on the desk.
0:55.9	Julie Beale, remote as well, and former Bridgewater chief strategist Rebecca Patterson, also a senior
1:01.2	fellow at the Council on Foreign Relations. We start with that magnificent run in meta shares,
1:07.7	adding another 1% today, extending their wind streak now to an astonishing 20
1:12.6	straight days. This is a Joe DiMaggio-like streak. The tech giant has added nearly $320 billion
1:20.1	in market cap in that time, bringing its total value within a stone's throw of $2 trillion.
1:26.9	And even as broad markets close back in on records,
1:30.7	META has thus far outperformed the major indexes during its run. It has also been head and shoulders
1:37.3	above the rest of the so-called Mag 7, as you see there. Seeing gains almost triple those of its closest rival, that would be Apple.
1:47.0	So what can we make of meta's recent rally? And can it continue to lead the market higher?
1:52.2	Steve, let's start with you. What do you think of meta? And what more broadly do you think of
1:56.9	the mag 7? So in your terms, 56 game winning streak, right? We're going for that.
2:02.3	Is that what you're going for with Joe D? Because most people watching the show do not know
2:05.7	that's right about Joe D's winning, hitting streak on that. If I don't know who Joe D is.
	...

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