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On The Tape

New Year, New Rally? | MRKT Call

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 2 January 2024

⏱️ 38 minutes

🧾️ Download transcript

Summary

Guy Adami and Dan Nathan break down the top market headlines and bring you stock market trade ideas for Tuesday, January 2nd. Timecodes 0:00 - 2024 S&P Projections 7:00 - SPX & NDX Futures 14:40 - Nvidia & SMH 17:00 - Apple Downgraded 20:30 - Tesla 23:30 - Yields, TLT 27:15 - China Troubles 30:30 - Oil & Geopolitics 34:15 - Pfizer Trade Update -- MRKT Call is brought to you by our presenting sponsors CME Group, FactSet & SoFi Watch MRKT Call LIVE at 1pm M-TH on YouTube Sign up for our emails Follow us on Twitter @MRKTCall Follow @GuyAdami on Twitter Follow @CarterBWorth on Twitter Follow us on Instagram @RiskReversalMedia Like us on Facebook @RiskReversal Watch all of our videos on YouTube

Transcript

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0:00.0

I'll allow it for today. And then that's it. Happy New Year, Dan.

0:16.5

Happy New Year, Guy, Dami. In this country, we, happy New Year. That's a little Eddie Murphy for you.

0:22.4

But it is January 2nd, 1 o'clock on the East Coast.

0:26.3

A lot to talk about.

0:27.7

Truly hope everybody had a great couple weeks.

0:30.7

People in and out of work.

0:31.9

I get at Halls.

0:33.2

Interesting where the holidays fell on this year.

0:36.2

A lot of Mondays off.

0:37.3

But we're here on Tuesday

0:38.6

and the market got off to a rough start, rage, not I don't say raging back, but coming back

0:43.7

here, making a bit of a comeback, Dan. Yeah, I mean, listen, you know, we've talked about this on

0:48.0

our pods over the last, you know, a few years or so. And, you know, that whole little game to kind of mark positions up into your end and and kind of

0:55.0

like see what you know see what comes in the first week of january you know what i mean like you know

0:59.8

that that's um that's as old as uh you know folks have been trading trading the markets here a little

1:04.5

bit i mean folks you know lots of professional money managers they get paid on year end performance

1:09.4

and the like here and you know like when you just look

1:12.0

around guy and you see you know it's interesting we're going to talk about apple like a stock like this

1:16.3

down 3% after being up 50% of the year after gaining a trillion dollars in market cap you know it didn't

1:21.9

need to be downgraded as it was from barclays or a negative note out of ub it was probably going to be down

1:27.0

3% anyway, right?

1:28.6

Like just so, if you look at the semiconductors,

...

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