Travel Stocks Take Off and Why Bitcoin Might Be a Leading Indicator

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 22 December 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

There’s one full day left before Christmas Eve and travelers are getting ready for the holiday rush. And despite rising cases of omicron, demand is high and that’s helping airline, cruise line and hotel stocks over the past week. Where are they heading from here? Plus bitcoin has been tracking the Nasdaq pretty closely recently. What that might mean for where the crypto, and the market, is heading. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0	Tonight on FAST, the big shit we are going off the charts.
0:05.6	One top technician is laying out the three best-looking stocks to play heading into the
0:10.6	new year.
0:11.6	We'll bring you those names straight ahead, plus a Moderna meltdown.
0:15.8	The vaccine maker getting whacked today, but we spotted something in the market that
0:20.1	could point to a big turnaround trade.
0:23.2	And later on, a crypto coincidence?
0:25.9	The one chart that shows Bitcoin could hold the keys to where the market is heading.
0:30.2	That's coming up next.
0:31.2	We'll explain.
0:32.2	Welcome, everyone.
0:33.2	To the big show, I am Dominic Chouin from Melissa Lee Tonight's Trader lineup.
0:36.6	As you're seeing them right there, Guy Adami, Tim Seymour, Steve Grasso, and BK, Brian
0:41.4	Kelly.
0:42.4	That is your crew tonight.
0:43.8	And we start with the Mad Dash for Holiday Travel.
0:47.4	The airline stocks flying higher with just one full day left before Christmas Eve, and
0:52.8	people are starting to flock to the airports and taking to the skies nationwide to get
0:56.8	home and time for Christmas.
0:58.8	The Transportation Safety Administration screening 1.9 million airline passengers yesterday,
1:04.3	that's roughly, by the way, in line with pre-pandemic levels for this time period.
1:08.4	The holiday surge is coming even as the Omicron cases skyrocket here in the U.S., but before
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.