SOTS 2nd Hour: Alaska Flies Higher, The Playbook For 2025, and Odds of a Pause or Pivot 12/10/24

Squawk on the Street

CNBC

News, Investing, Business

4.1 • 567 Ratings

🗓️ 10 December 2024

⏱️ 42 minutes

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Summary

David Faber, Sara Eisen, and Carl Quintanilla discussed the latest for stocks - and the playbook for 2025 with Citi and Evercore’s Chief Equity Strategists. A key debate? Whether the market is over-estimating the odds for rate cuts, given so much positive data and strong earnings commentary. We break down both sides of the argument, and where to put your money to work. Also in focus: Alaska shares on pace for their best day in years after new guidance – their CEO joined the team to break down the road ahead; Plus what to do with Oracle shares, as they slump on disappointing results there, and a deep dive into Amazon’s burgeoning drone program. Squawk on the Street Disclaimer

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0:00.0	Good Tuesday morning. Welcome to another hour of squawk on the street. I'm Sarah Eisen with Carl Kintania and David Faber, live as always, from post nine of the New York Stock Exchange. Stocks are mixed. S&P is higher by a tenth of a percent, thanks in part to technology, which is really what's driving the market. That's why the NASDAQ's up a half a percent, and the Dow is down. 80 points. It's those three sectors powering the market right now. Communication services on top,
0:21.7	thanks to Alphabet, which is up 5%. Warner Brothers, T-Mobile, Meta, Charter Fox, all higher right now.
0:27.8	And you've got consumer discretionary also up in the market. Thanks to Tesla, 3% higher.
0:33.0	Some of the cruise lines and the restaurants doing well. And the technology sector also higher.
0:37.3	Invidiaias back up
0:38.1	one and a half percent. Palantir up another 3 percent. That's been a huge mover. But all the other sectors are down. Materials, real estate and utilities at the bottom of the pack today. Take a look at treasuries. It's kind of a light day for economic data. We'll talk about a few releases. but the big report comes Wednesday tomorrow with CPI, the 10-year, a little firmer, 4.2% two-year just below, it's below 1.1%, we'll call it.
1:01.9	30 minutes here into the trading session.
1:03.8	Here are three big movers we are watching.
1:05.5	Shares of Oracle on pace for their worst day in about a year.
1:09.2	Earnings and revenue falling short of estimates
1:11.0	and the company's current quarter forecast
1:13.1	coming in lighter than expected.
1:15.0	More on what to do with that stock,
1:16.3	which has been a big winner in just a moment.
1:18.4	Toll Brothers also in the red,
1:20.1	the home builder beating expectations for orders
1:22.8	in the most recent quarter,
1:24.0	but guidance for 2025 gross margins,
1:27.2	a key sticking point for Wall Street.
1:29.5	And then shares of Alaska Airlines flying high on track for their best day, in fact, in more
1:33.4	than four years. The carrier raising its outlook, buying back shares, unveiling a plan to boost
1:38.3	profit, and the CEO will join us exclusively here at Post 9 as the company's investor day kicks off to talk
	...

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