Chart Check on Stocks at Record Highs

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 26 March 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan Nathan, Guy Adami, and Carter Worth break down the top market headlines and bring you stock market trade ideas for Tuesday, March 26th. Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe — About the Show: On The Tape is a weekly podcast with CNBC Fast Money’s Guy Adami, Dan Nathan and Danny Moses. They’re offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we’re here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market. — Check out our show notes here See what adding futures can do for you at cmegroup.com/onthetape. — Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod on Twitter or @riskreversalmedia on Threads — We’re on social: Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Young @LizYoungStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

Transcript

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0:00.0	Straight up one o'clock on the East Coast Guy Adami, Dan Nathan, soon to be joined by the great
0:17.5	Carter Braxton Worth, back from vacation, the bearded Carter Worth, by the way.
0:22.5	What appears to be a benign day, maybe it is, but we got some trade ideas, Dan, how are you?
0:26.6	I'm doing great. It does feel benign, guy, but we're going to trade the options today.
0:32.2	We've got a couple really good ideas that we're excited about expressing them through the options market here. And thank goodness
0:39.4	that Carter is back because it's been a week since you and I've talked to him. And I think we're
0:43.7	getting a little exhausted at the pace in which new highs have been made in the S&P and the NASDAQ.
0:49.1	It seems like we're levitating here. He's going to kind of help us figure out which way the S&P is going to go next.
0:56.5	You know, so we're just going to do that with Carter Brax-Dworth. Guy, before we get to some of the trade ideas and get to Carter, what's your take here on a day like today where, you know, you had two IPOs last week.
1:09.2	They're basically up 100% in the last week. One of them
1:12.8	would be Reddit. This is a company that I think a lot of folks are pretty familiar with. It doesn't
1:16.9	make money. It only had less than a billion dollars in revenue last year. They lost like $91 million.
1:21.5	They're getting some revenue by selling their data for some of these large language models,
1:26.2	right, that train on this sort of data.
1:28.3	So that's, I guess, exciting, high margin. But again, this company has not been profitable
1:32.7	ever. And then the other one was Astera Labs, which is kind of in the semi space here. And this is
1:38.1	one where, again, you know, small company, small deal, doing really well. And then we obviously
1:43.0	have the Trumps back that I think at
1:45.2	one point this morning was up 60% first day of trading at DJT. When you see this sort of price
1:52.0	action in some new issues that don't have a lot of history here at all, what does that kind of make
1:56.9	you think at this point? Because we're leading the show talking about that. It's more about
2:02.0	the sentiment as it relates to those versus some other key themes in the market. Yeah, I'm glad
	...

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