The Market’s Magic Number and Getting Ready for DoorDash’s IPO

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 8 December 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

As the broad market hits another set of new highs, the QQQ ETF has put together an 11-day win streak, its longest of the year. So is there any fighting the trade that’s led stocks all year long? Plus everything you need to know about DoorDash’s IPO before the stock starts trading tomorrow.

Transcript

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0:00.0	All right I'm Dominic Schuin from Melissa Lee and this is Fast Money.
0:04.7	Tonight's Trader lineup, Guyadami, Tim Seymour, Bono and Isen, and Karen Finerman.
0:10.0	Tonight on Fast.
0:12.0	Ready, set, price.
0:14.3	We are awaiting pricing information on that big Door-Dash IPO.
0:18.3	It's expected to be one of the biggest of the year.
0:21.0	We will bring you the numbers as soon as they cross the
0:23.8	wires plus banks metals and cars the three best looking charts to play as we
0:30.2	head into 2021 and then later on amped up shock jocks howard stern is turning up
0:37.5	the volume on serious xm today we will tell you about the big money and the big deal that set this stock higher in
0:46.1	trading.
0:47.1	But we start first tonight with the magic number.
0:50.3	That is 11.
0:51.5	That is how many days in a row the NASDAQ 100 ETF known as the cues
0:56.5	QQQ that's how many days in a row that the queues have now posted gains.
1:01.1	It is the longest winning streak for this index ETF this year
1:06.0	and it's the sixth straight day of record highs. So if the trade that's been working all year long
1:12.4	is still working, where is this big non-tech
1:15.8	cyclical rotation that we've all been waiting for? Is there any reason to fight this
1:20.8	particular trend? And let's with Gai Adami. It's the NASDAQ. It's been it all year.
1:27.7	There was a blip in September, October, but it's that NASDAQ once again. Is it at all surprising to you.
1:34.7	Well welcome D2 always great to have you bring in the energy and if I said to you
	...

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