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CNBC's "Fast Money"

Bitcoin & The Bro Trade… Plus More Room To Win In The Post-Election Rally? 11/11/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 11 November 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

The crypto boom is back, as Bitcoin surges to a record high. How a Trump White House could pave the way for even more gains in the crypto trade. Plus markets surging since election day… but will the rally need a breather? Where stocks could be heading next, and where there’s still opportunity into year end. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Live in the Nezac market site on the night that the S&P closed above 6,000 for the first time.

0:07.7

This is fast money.

0:08.7

Here's what's on tap tonight.

0:09.9

The Trump trade and rally mode from Bitcoin to meme stocks, traders bidding up the names that could benefit in the next administration.

0:15.8

But can the gains last?

0:17.3

And health care headaches shares a pharma giant Advice sinking after one of its key drugs disappoints in clinical trials, what it means for the company and for M&A in the space.

0:25.6

Plus chips get checked. Does Taiwan semi-drops? Delta helps the other airline stocks take off in Home Depot.

0:31.6

Set to report earnings tomorrow, what to expect from the numbers and how shares could react.

0:35.6

I'm Melissa Lee. I'm DeL you last in the studio, B, the NASDAQ, on the desk tonight,

0:38.9

Tim Seymour, Karen Pynerman, Dan Nathan, and Guy Dami.

0:42.0

And we start off at the latest boost to crypto in its proxy trades.

0:45.7

Bitcoin hitting an all-time high of more than $88,000 today as euphoria around what Trump's

0:51.8

win could mean for the industry shows no signs of fading.

0:54.6

The token is now doubled in value since the start of the year and is up nearly 30% just

0:59.4

since Election Day.

1:00.6

The crypto contagion spreading to other coins as well, Ether, Solana, Doge, all seeing outsized

1:05.6

gains today and over the last week.

1:07.5

Crypto proxies, Mara Holdings, MicroStrategy, each soaring over 20%. Coinbase, Riot, Robin,

1:13.6

and also catching a bid with investors. Even the meme stocks, they are seeing a comeback,

1:18.4

GameStop and Chewy, each gaining over 9% while AMC finishing the day up 5. So what is all this

1:23.9

action telling you about the markets at this point, Guy? What do you think?

1:26.9

Well, enthusiasm clearly. And I think in some regard, and let's just drill down on Bitcoin for a second.

...

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