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CNBC's "Fast Money"

Stocks kick off the shortened holiday week in the green, but can they continue momentum into 2024? 12/26/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 26 December 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

The S&P is nearing record levels, but can the rally keep running into the new year? With just 3 trading days left in 2023, which stocks will lead markets to new heights? Plus a historic chip deal in the making… where Intel is setting its sights for its new semi plant. Fast Money Disclaimer

Transcript

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0:00.0

Live from the NASDAQ market site right here in the heart of New York City's Times Square.

0:07.0

This is fast money, so here's what's on tap tonight.

0:10.0

Grinding Higher. Stocks climb on the first trading day after Christmas but can

0:13.8

December strong gains carry into the new year we will of course debate that

0:17.3

plus in the chip sector Intel announcing plans to build a new 25 billion dollar chip facility in Israel.

0:25.0

That stock is now up nearly 50% in just the last three months alone,

0:28.3

so is it too late to bet on the semis

0:31.1

after this year's already big surge.

0:32.8

And then later on, going to pot.

0:35.4

Investors in weed this year have felt like you're lighting your cash on fire.

0:40.6

Is there any reason to believe that 2024 will be any better than this past year?

0:44.4

We'll ask the executive chairman of Cur relief coming up on the show.

0:48.3

I'm Dominic Schu.

0:49.2

In from Melissa Lee tonight, coming to you live from Studio B at the NASDAQ Market site in Times Square on the desk tonight

0:54.8

Tim Seymour Carter-worth Bono and Eisen and Julie Beal

0:59.6

But first we start with another winning day on Wall Street, the Dow jumping just about 159 points.

1:04.6

The Nasdaq and the S&P 500, also finishing the day higher.

1:08.4

The S&P 500 now within striking distance of its all-time high hit back in January of 2022, or just about a percent or so away from there,

1:16.5

and then take a look at the NASDAQ 100, locking in on an all-time high and record close. It's now on the cusp of its best year since 1999.

1:27.0

Yeah, the dot-com era. That's all the way back to when Bill Clinton was still president,

1:32.0

this year it's up 54%.

1:34.7

With three trading days left in 2023, can the market's winning street carry straight

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