Rally on a Roll, Tesla on a Tear & Apple’s Banner Year
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 27 December 2019
⏱️ 43 minutes
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| 0:00.0 | Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street. |
| 0:12.0 | Good Friday morning, welcome to Squawk on the Street. I'm Carl Kaintena with David Faber, Mike Santoli at the New York Stock Exchange. Kramer has the morning off. It is a familiar picture by now. |
| 0:22.6 | Futures up, S&P said not only for a record high, but should open above 3249, making this the best annual gain since 1997. |
| 0:30.6 | Europe's back to work, Futsi 100, up 11 straight, best run in three years, and oil and gold continue to catch bids as well our |
| 0:37.7 | robot this morning begins with records on a roll stock set for a strong open s&P closing in as we |
| 0:42.5 | said for the best year since 97 plus the apple surge on track for what be its best yearly stock |
| 0:47.9 | rally in a decade the company as well also in talks to buy japan's displays primary |
| 0:53.3 | smartphone screen factory. |
| 0:55.2 | And Tesla on a tear, shares climbed above 430, the automaker expecting to roll out its first |
| 1:00.7 | China-made model 3s on Monday. There seems to be no stopping the year-end rally. Stocks are on track |
| 1:06.7 | to hit some new record highs. Nasdaq, as we said, in the midst of its longest daily win streak since 2009, after closing above 9,000 for the first time ever. I'm watching 3249, as we said, but 3259 would give you 30% for the year. Right. We've only had two years in the past three decades with a 30% gain. Yeah, I mean, the pace in the last, I would say a couple of weeks has been very relentless, |
| 1:30.1 | basically sellers staying out of the way, and that has kind of created this incremental move day by day. |
| 1:35.6 | Now, I do think we have this unusual situation where the year-to-date numbers are, I don't want to say |
| 1:41.1 | skewed, because they are what they are. But it gives a little bit of a |
| 1:44.3 | different impression if you look at prior 30% calendar years, because the market was just so |
| 1:49.6 | bombed out last year. So I went back over the last five quarters. So back to September 28th of |
| 1:56.6 | 2018, to now, the S&P is up 11%. It's an annualized gain around 9%. That gives you a better |
| 2:04.3 | picture, I think, of the overall trajectory of this bull market. And it's probably a more |
| 2:07.8 | healthy pace. You don't necessarily want to be kind of blowing off to the upside and say up 30%. |
| 2:12.9 | In 2013, we were very close to an all-time high before we went up 30%. Same thing with 97. So I do think |
| 2:19.5 | you have to keep that in context because I think otherwise people say that the market's just |
| 2:23.8 | been in this headlong rush higher and it really is only broken out in the last few months. So you want |
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