Apple Nears $4T Market Cap… And Netflix’s NFL Double Feature Follow Through 12/26/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 26 December 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Shares of Apple at record highs, and nearing a major milestone. What the elusive $4 trillion market cap means for the tech giant, and if the stock can keep climbing in 2025. Plus Netflix’s Christmas Day NFL double feature. How the live games fared over the holidays, and what it means for a potential ad-tier. Fast Money Disclaimer

Transcript

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0:00.0	Live in the NASDAQ market site in the heart of New York City's Times Square, this is fast money.
0:05.7	Here's what's on tap tonight.
0:07.2	Closing in, shares of Apple hitting a fresh all-time high and nearing the $4 trillion mark.
0:11.9	How big is this milestone for the market?
0:13.8	We will debate that.
0:14.6	Plus, gridiron game plan.
0:16.4	What is next for Netflix. Fresh off its Christmas NFL double header will break down the role
0:21.2	live sports will have as a streamer looks to build its ad-supported service. And later,
0:25.8	did Roaring Kitty just signal game on for GameStop? The chartmaster set to dive in on Dollar
0:30.6	Tree and some happy returns for the retailers this holiday season. I'm Melissa Lee. Come to you
0:35.9	live from Studio Bia at the NASDAQ on the desk tonight. Courtney Garcia, Bato and Eisen, Mike Coe, and Julie
0:41.4	Beale. We start off at Apple's steady march toward a historic milestone shares of the iPhone
0:46.1	maker adding another 0.3% today, setting a new record, and closing with a market cap of more
0:52.4	than $3.9 trillion.
1:00.6	Shares need to rise another $6 or so to hit the never-before-seen $4 trillion mark.
1:06.1	The stock has climbed more than 34% this year, adding over $900 billion to its market cap already bigger than one hole, Eli Lilly, and nearly as big as Berkshire Hathaway.
1:11.3	But even with those gains, some on Wall Street are still bullish on the stock.
1:15.6	Wed Bush's Dan Ives raising his price target to a new street high of $325 a share.
1:20.6	That's another 25% upside from today's clothes.
1:23.9	Here's what he had to say about why he is so bullish.
1:27.8	Checks last 48 hours are showing, I think, straying from a holiday season perspective.
1:33.4	It's our view. This is going to be a record year. 240 million iPhones, I believe they ultimately
	...

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