Small caps having a pretty good day as well. The commentary seems to be the market feels a little tired. Is that how you see it yes i do suspect that the market is fatigu fatigued certainly on monday mornings consecutively weve been greeted with excellent news for society as it relates to the vaccine but markets dont seem to be responding as positively as they did two weeks ago. Scott, you began the show by suggesting that we have a potential end of year run. For there to be an end of year run, we are going to need a catalyst and i suspect its not the vaccine, its not earnings, and it really falls back to washington, d. C. And the ability to try and offer some form of fiscal bridge to get us to the other side in the absence of that, i would just highlight december 15 the and 16th, you have a Federal Reserve meeting. Theres a wild card scenario there where the Federal Reserve steps in and enhances some of the landing programs and provides the bridge in the absence of fiscal policy makers doing that i feel like joes right its a what now market, right . Whats the catalyst to get stocks moving again with so much positive news about the vaccine now already in the market . Well, scott, i would argue that they are already moving and i think the stayathome trade is fatigued but a garden variety recovery trade is not fatigued the market is trying to find a new equilibrium, a new pattern of behavior, now that we have three vaccine candidates and two therapeutics, thats a big deal but were probably going to have to bump along through that for a couple of months before we get to thor sie eother side the market trades on expectations more than events. It set the expectation that we were going to be able to remove this shock from the market all the other stuff piled on in a positive way has helped but not a new catalyst i dont know that we necessarily need a new big catalyst to make it through the end of the year i think the next big move will be post inauguration. You got 60 days to get to that point essentially im wondering what the markets going to do over the next couple of months. We view things in different prisms on this program some people trade within days or weeks, others look out months if not years. Lets just take it in an incremental way to start, the 60 the days a lot of vaccine news is already in the market, the economy is not going to be doing that much that i can see over the next 60 days to be all that positive youve got a president who hasnt conceded. What does that leave us . Scott, as liz was saying earlier, that were going to have some bumpiness over the next two months. But when we look out six to 12 months, we as longterm investors, thats what woor lookiloo were looking at as you break down this market, you want to start investing now in those themes that will be long term. So we will say less fo lets focus on the long term, you can expect choppy markets. If you go out six months to a year, were forecasting the market will be up in that longterm view so, weiss, how do you play that do you just look beyond the 60 days im trying to figure out what investors should reasonably expect over the next couple of months, what our viewers should expect the market to do if they think, well, it looks a little tired. We got the nasdaq now negative, the dows not doing all that much some people are suggesting you should sell the vaccine news, which maybe plays a little bit in part of this whole deal i dont know jpmorgans looking for a negative print in q1 ahead that leaves me wondering sort of what my best move is here. So the best move is always the longterm move you mention different time horizons im involved in all of them. I go where the opportunity is but predominantly 80 of my portfolio is long term, multiyear but in the short term, let me tell what you the catalyst can be theres special speculation that janet yellen will be the next treasury secretary. She would be supportive of the fed. I think that would be positive for the market and helped the market move higher today youll get more stability. Right now while we have a vaccine, you heard on squawk on the street today theres no plan to distribute the vaccine that doesnt matter. By the time were in a runrate with doses, i guarantee you biden will have a very definitive plan to distribute. And mckes een, who has signed u to do it has done thousands of vaccines and just as weve got in unsh d unsuredness, this lack of stability in washington, thats been a hall mark of the administration when you get to something more routine, more stable, the door will open for the treasury on ceos and theyll start on a capex cycle youve never seen before because money is so cheap. Get positioned now, get positioned across the market spectrum and i think youll do swr well and dont worry so much about next month or two. You can have a 5 or 10 correction at any time the market is going to go higher Morgan Stanleys mike wilson says thele market is exhausted at the moment, says another correction has likely begun, with classic sell on the news, reaction to the vaccine. He says hes a steadfast bull on a 12month view and there goes our discussion on whatever your time horizon is is going to dictate the way you perhaps want to play this market. So do i just look through the next couple of months and focus on the bullish part of where mike wilson is thinking . Or am i worried about this correction taking hold over the next couple of months that could drag down my portfolio so heres the thing im not seeing that correction im not parsing things too finely here. There has been a rotation going on we know that, okay if you look at the equal weight s p over the last two and a half months, the outperformance on equal weighted basis is 7 full percent and points that tells you theres a broadening of the rally going on outside of those sectors, this rally has broadened quite a bit and, yes, we can look through it and should, you know im a longterm investors, but the shortterm outlook is positive as well. Im surprised we havent mentioned the strong seasonal component of december. Were going into december with positive indices at least for the headlines and this rally going on, you know, you think about where the tax loss selling would be going on, it would be financials and energy, right, but those stocks have a bid to them i think energy was up Something Like 20 last week that may not get the same tax loss selling when it has such a bid to it. Pay attention to the broadening of this rally, which is 2. 5 months long. I hear you. But this time may be different i hear you on seasonality. People expect a santa claus rally, jim, every year we have the same conferring at abo conversation at about the same time every single year. However, people are thinking about these runoffs in the early part of january that are hanging over what is still an unconceded election about the current president. You could still have a pretty messy scenario over the next couple of months that im wondering whether that plays into disrupting these feelings of a santa claus rally well, listen, we cant forget the degree to which monetary support is in here and thats a reason why every swoon that weve had since march has been very quickly bid up we did get two 9 drops in the last three months but they bounced right off of that and thats because we know theres a lot of cash on the sidelines cash is cheap. Weve seen the outflows cumulative during the years from equities people want to buy these dips. You can go down 5, 6, 7 i dont think its apt to be much more than that. Liz, he says the opportunity is in small caps if youre looking over the next 12 months in which he expects 10 up side for earnings, is that the place to be right now all this top about mega cap tech versus the reopen trade, what about small caps i do think its the place to be ive been a small cap bull from a couple months now. You have to think about it from a different perspective. First and foremost, small cap usually leads out of a recession and market lows. Weve had a little unique situation in this particular crisis because of the stayathome trade benefiting largecap tech, but now that we have the end in sight, expect a garden variety recovery to take place in the markets you also have obviously much less of a probability of a tax hike, another tail wind for small caps or least the removal of a possible head wind and if you just think about the exposure of the average investor right now, i think most people are overly concentrated in largecap tech and are looking to diversify that out. If you just move down the spec spectr spectrum, you end up with more Health Care Exposure when i say he remains what he call as steadfast bull on a 12month view, he says new bull markets coincide with new Economic Cycles and they lost for years. Thats going to spur a new Economic Cycle of some power dont we think all this pentup demand leading up to that its going to be a new bull market for stocks. It seems to me the only question is the timing of whether you want to buy into it now or not yes scott, what were seeing is that were looking at this as more of a macro shock. Covid19 has changed the way the markets work because what was happening, now we have the changes to innovation that it would have occurred over several years occurring in a matter of months so were seeing, as you just pointed out, the vaccine when it comes on board is going to change what stocks and what sectors will do well if you look at the knowledge sectors, health care, technology, theyve been doing quite well as you look at what we call the physical Service Sector stocks, they have not been doing well, as the vaccine comes on, youre going to see those service those physical Service Sector stocks do better, airlines, hotels, restaurants. Theyre going to come back and so you want to start looking at your portfolio with that in mind then we have the infrastructure. As we bring in the new administration, theres going to be a big push for infrastructure so construction manufacturing. And we talked about how vin tech has changed the way we interact with our consumers and also with the stores out there so vin tech is coming on strong and then other services. So i think this changes the way you look at the market and changes the wave yy you look atr portfolio. I thought the best thing to do was to get some ideas out of all of you for our viewers on exactly where within the small cap universe would you recommend, if you agree with wilson, that these are the stocks to play right now do you agree with him . And if so where do you want to be so ive been encouraging investors throughout 2020 to increase exposure towards small caps liz mentioned in each of the eight recessions since 1980 its been small caps that have been the leading equity size class coming out of that in addition to that small cap, scott, in 2020 theyve undergone this change where now health care is the leading sector versus where it was last year where it was financial so a lot of exposure i initially had was in small Cap Health Care guess what now those names like seattle genetics, theyre now midcap names. Looking back at small it cap and mining for opportunities, there are three names. Carry firestone talks a lot about scotts miracle gro, theres a tremendous tail wind, alis bargain outlets, olli, thats another name i would offer for the viewers. And then then fds, fact set, a Financial Sector small cap, theyre geared toward distributing Research Toward the Investment Community theres your third name where i look for im using factset as we speak, to look up details about factset stock. Good stuff, joe. Thank you for that steve weiss, what about your small cap picks . The one that stands out up another 10 today is jumia thats the amazon of africa. They had a good third quarter, as it turns out. The strength is undeniable so i love that stock its now one of my top positions because its grown so much its doubled in weeks. I also like Brookfield Renewable partners let me stop you for one second ill let you get into brookfield why do you think jumia has doubled in a week . Its a stock thats done so well youre in it, you bought it back why did it double in a week . What does that say about the speculative environment that investors might be getting themselves into if they invest in shares of jmia . I dont think its speculative, thats the first thing. The reason why its doubled in a week is because they appeared at two conferences, maybe its three actually, and theyve had backtoback investors meetings. So the world is getting to know about this its underfollowed on the street nobody really knows it that well the stock came down because in nigeria where they have a principal location, people are coming to it not for speculation because bu because they see that the fundamentals are there if there are 1. 2 billion people they serve, online is relatively new there. Unlike walking out of your house or apartment in the u. S. , you got to travel some distances to get to retail. So online is natural there so thats why the fundamentals are supportive of what the stock price has done could it be a little ahead of itself sure do i like to see a stock go up 10 a day . I do and i do. Long term i dont care short term i dont want the Robin Hooders coming into this it says it all really where sentiment is it wasnt that long ago that sit tron and andrew left and the street has totally gone in favor, it seems now of a name like this. And as you say, 100 and theres abouts in a week is astounding andrew pointed out in your short report some changes that had to occur at the company. And the company responded to it and made those changes so thats why it recovered and andrew said, you know what, heres what was wrong with it and heres now whats right with it so that makes total sense if you get behind the headlines and the sensationalism of the short report and sensationalism of it going long the thing is moving i stopped you in the middle of Brookfield Renewables because i wanted you to expand a little built here you can get back to that, if you dont mind sure, sure. I i i am a believer in science of Climate Change i get excellent Asset Managers in brookfield, one of the largest Asset Management firms in the world, i get wind mills, hydroelectric power and a 3 yield. Ive got, le Excellent Assets a management and were going to have clean energy no matter what happens in the Biden Administration so this is where the moneys going. Its going to esg and its going to clean energy. Thats brookfield. Tell me what sqm is thats i believe a Ticker Symbol of another smallcap stock that you like yes its about 12 billion. Its chilean miner theyre in lithium, which is also clear energy, going to evs, going to cars. Its also fertilizer its also health care. They make the iodine that goes to x rays. I get all that playing out in a miner and i get to capitalize some of the trends liz spoke about and some of the others have spoke about, which is an industrial play, health care play and clean energy play good stuff. Thank you for those. Farmer jim leventhal, what do you have for us . I think you know the small caps are something i routinely participate in three of the names that ive been pretty often talking about, winnebago, Cleveland Cliffs and greenbriar if you look at these stocks, theyre up over 100 in Cleveland Cliffs case, 200 since the march lows but that may make you say why would i buy them now theyre actually below where they were a year ago and what the difference is here versus a year ago, a year ago we were at the tail end of an incredibly long expansion. Now were at the beginning of a new expansion. That is where small caps and sick cyclicals tend to climb, winnebago, greenbriar, those are the sort of things in an infrastructure play coming in 2021 theyre going to thrive is cliffs the one where the ceo called out the analyst at one time or am i getting that confused with Something Else no, youre right. Lorenzo is the ceo of Cleveland Cliffs he of brought this company back from the dead. About five years ago, the company was about to go bankrupt he did incredible things, renegotiating contracts. Hes made two acquisitions recently, u. S. Operations and a. K. Steel this is a company that is really poised to thrive over the next couple of years. He is not for the faint of heart, brother, he is not for the faint of hareart i rather that day he brought it big day. Deegus, we go through a few for you as well. We lick gentex. Given the back log, this firm i doing well as we look at the Corporate Social Responsibility, we find out a lot about these companies and what theyre doing to be innovative another company we like is chemed what a combination in this environment. You have the care of patients and also you take care of plumbing a Small Cap Company about 7 billion. And lastly, we really like west rock we talked about this before. They focused on sustainability products around food delivery boxes. Once again, solid. They actually restructured their paper mill in South Carolina to be more efficient and so we like the changes they made in this environment and theyre doing quite well and all of these companies are great profitability and good prices a the these levels were off to a good start i want to expand on what were doing with small caps and just make it a sort of Bigger Picture view of some of. Thin some of the things you guys are doing in your portfolio. Were off the small cap topic now because were talking about deere, shares of de, which you sold and you bought Tractor Supply i want you to tell our viewers why. I had about a 42 gain in deere. My good friend steven weiss and i had a conversation surround being the appreciation in deere, i agreed and thought it was a little richly valued i took down my exposure and wanted to reallocate the funds back in something agricultural Tractor Supply is a retail name with 2,000 store that has 35 return on equity weve seen the sales growth in the last 12 months go up to 34 in the prior 30 six months, it was at 7 . This stock has pulled back 17 from its october 14th high it rests slightly above its 200day moving average you know me, scott i like that combination of quality and momentum and a great point of reference im still in agriculture im putting them into Tractor Supply tsco. Deegus, coming back to you. Pfizer and csx, pay pall, j j, talk to me health care, we were looking at the vaccine we already owe merck but pfizer and johnson johnson. Solid vaccine companies. These companies are making profits today and theyre able with their size and their bas distribution channels, theyll able to get it to the public very quickly also we like paypal. Its one of those key sectors and paypal is really focusing on their impact on the social environment, what theyre doing with various vendors and Business Owners to assist them in this time paypal is doing great. Good valuations. Those are the companies we talked about earlier thats our stuff. Well take a quick break and talk about another one theres a bullish call on it today. Better late than never is it too late well discuss. Well give you the trade plus, a reminder, you can watch and listen to us live on the cnbc app we back on the half right after this. A decision is expected within weeks. Our mantra has been like no dose left behind and 2020, the year of the tinny turkeys. Demand is up 30 for birds weighing as little as six poun pounds these are the nicest turkeys ive ever been around. When you switch to xfinity mobile, youre choosing to get connected to the most Reliable Network nationwide, now with 5g included. Discover how to save up to 400 a year with shared data starting at 15 a month, or get the lowest price for one line of unlimited. Come into your local xfinity store to make the most of your mobile experience. You can shop the latest phones, bring your own device, or trade in for extra savings. Thats simple, easy, awesome. Visit your local xfinity store today to ask, shop, discover the latest on xfinity mobile. Foo dl food dld lo footlocker gets downgraded. 71 of footlocker sales are nike and nikes Digital Business is on pace up 121 from its fourweek low. Rahel solomon, thank you. Im going to start where rahel ended. So footlocker used to be a good play because of the exposure that the company had with nike now as rahel just told you, the amazing growth that nikes had in its own Digital Sales makes footlocker an underweight over at Piper Sandler and you own nike well, im saying with nike. Im staying with lululemon, im staying with the Brand Recognition that these companies offer. Footlocker in prior years given the correlation and exposure, as you identified in nike, that seemed to be Optimal Trade the physical footprint of these stores seems to be the problem moving forward why do i have to incur that kind of expense management risk on my Balance Sheet when i can just go out and own the reason behind wanting to own footlocker, own the damage tall transformation theyre experiencing and the dramatic growth concurrent with it i see no reason to get out of nike i think the stock is north of 150 very easily. The casualty of back to school that didnt really happen in traditional ways obviously because of stay at home, where you take your kids to footlocker and they pick out a pair of kicks and now you go on nike. Com and do it. Lets work our way through retail before we get to the restaurant this gap call is interesting because its matt boss, the number one analyst in retail hes the boss. The stock, though, is up 80 in three months okay 80 in three months. He upgrades it now to overweight just because hes number one doesnt mean he eludes the criticism of a timing of an upgrade. Cramer says its an amazing move retail in general is working its odd, he says, but its working what are you going do . The question is, is it too late . Is this too late, steve weiss, to upgrade shares of gap or is the runway really that long . I dont think the runway is that long. Its momentum market so the Retail Stocks continue to perform because of the momentum. I look at these names and im saying is the future better for them or worse as we come out of the pandemic and i think the future is going to be worse. So i dont think a lot of these stocks, including the gap, should be trading at higher levels than they were before the pandemic why worse because particularly theyre mall based how could it be worse than during the pandemic . If people are going to once again maybe people fall in love with going to the mall again right well, not worse than during the pandemic up kno you know, i think it will be worse for them after before what it was going into the pandemic pandemic, lets take that off the table. More people are going online theyve got more options in terms of fashion because now theyre online, theyre getting educated about all the retailers. I do think traffic will come back to the malls. I dont think it will come back in the same way. Gap, lets face it, its generic clothing i just cant get there on gap. Its really the great unknown, liz, as to all of the n naysayers and negative commentary about the mall space, you know, precovid but on the other side of it, i just wonder if theres going to be this renewal about going to places where you used to just not go in great numbers anymore because of the mall because you would go on dotcom but now you want to go out you want to get out and be normal i do think that once things start to get normal, theres going to be this pentup flurry of activity from consumers, so we might see a nice burst from that off of the lows a couple of weeks ago i used retail on my final trade because when we got big vaccine news, everybody flooded into consumer services, which makes sense, but retail got hurt on the other side of it i dont think that that was necessarily warranted. I do think that theres going to be and i keep talking about this, we can keep shopping on our feet instead of on and theres going to be winners and losers but the stores or companies that can make that transition and have strength in revenue on both sides of it, on and in person, are going to be big winners and that is some of these names. Jimmy, wrap up the segment by addressing these restaurant calls, right im not talking about quick serve like mcdonalds or chipotle, which joe used to be in and mcdonalds, which deegus owns im talking darden to texas road house to outperform, that can capitalize on an environment likely to include normalized consumer patterns and foot traffic. Fewer players in the space because of the pandemic but a more normalizing environment that boosts consumer traffic patterns i think its a totally valid call the key words, 12 to 24 months now, if youre looking to make some sort of vaccinerelated trade on this, the market is very anticipatory. Weve got three vaccines in the market already this isnt short term. If you want to look at this going out over the next 12 to 24 months, i think youll make money but the shortterm pop is already in 320 off the low of the year. I think that was for darden, which was at the top there just astounding gains back for those stocks up next, the big etfs to watch today. Before that take a look at the s p sectors. Energy is leading the way today. Muted day for the s p to start the week, shortened week at that, up about 8 1 2 rbastodare is the wor tay wee ck right after this. New . Audreys expecting. Twins wed be closer to the twins. Change in plans. At fidelity, a change in plans is always part of the plan. Sometimes, you want speedy but reliable. Stateoftheart but dependable. In other words, you want a hybrid. So do telcos. Thats why theyre going hybrid with ibm. A hybrid cloud approach with watson ai helps them roll out new innovations anywhere without losing speed. From telco to transportation, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. Good work little buddy. Eric scott, coming up on the show today, will rinne, founder and ceo granite shares, vaccines may be headed our way but winter is coming faster, the economy is expected to weaken significantly over the next two quarters before vaccine and stimulus finally arrive with the markets caught up in a tug of war between hopes of a spring reopening and fears of a dark dreary rotation, is the rotation in the cyclicals happening too early snl. I absolutely think it is. I think the opportunity is to look for weakness in what was working, things like the direction to work from home etf, wfh. Any time you see a pullback, id lean in. We surveyed Financial Advisers and a lot of them are not going to go back to the office, whether theres a vaccine or isnt. Even if they are going back, theyre not going to go back full time. Theyre going to continue to be drivers for the next year or two here i think a lot of the cyclical stuff is already priced in we were just talk about the fact these vaccines are already coming out into the market, the market has priced those things in its going to take much longer than people realize for the actuallyi living economy. I think the market is already pricing in a very rosie picture. We see that chart, very volatile, that work from home etf. Like we said here, a lot of the stuff may take years before it turns back to normal some things may never return to the way they were. What do you think about this trade Going Forward . I agree with what dave is saying what this year has shown us is a complete buy fifurcation betweee digital and physical economy those that can survive and thrive in the Digital Economy can and will continue do well. Those that cannot and survive very much on legacy or physicalbased economy, you know, those companies i think are going to be impaired or continue to be impaired Going Forward. Good chat right now well talk in more detail coming up at the top of the hour. Plenty more ahead on etf edge. Plus the great race to space and what a biden presidency might mean for that sector scott, ill send it back to yyou. Appreciate that very much send in your questions by video, askhalftime cnbc. Com were back in just 30 seconds. Welcome back, everybody. Im sue herera just in the last half hour president elect biden has announced member of his Foreign Policy and National Policy teams. He has chosen Antony Blinken as secretary of state, Alejandro Mayorkas homeland security, avril haines and Jake Sullivan will be National Security adviser and former secretary of state john kerry to be the president s special envoy for climate. Andrew kwom ocuomo announcing nw restrictions in new york city and urging people to stay home as covid19 infections have more than doubled in three weeks. He said the vaccine will not help slow the spread for months to come. This is a toxic cocktail of dynamics and facts we are already in a bad period before you get to thanksgiving and the United Nations saying pollution emissions are down substantially since the pandemic began. However, greenhouse gasses in the atmosphere remain near record levels. You are up to date thats the new update. Scott, back to you i appreciate that, sue. Thank you. The traders are answering your questions now. First up, joey t. , we go to you for chris in seattle whats your outlook on gld it belongs in vinsinvestor portfolios ive owned gld for quite some time performance is up 22 year to date i just like the pure play to gold itself. I think gld is the way that gets you there. Avi in pittsburgh wants to know about raytheon. Is it too high . This is a great Defense Company being held back with a lot of exposu exposure on top of that you have the defense business i like raytheon for the next couple of years. Steve weis, is the Better Airline to own united or is it delta . Well, i think all the airlines are trading very little divergence the problem with united is theyve got much more exposure in the asian markets and they have a lot of Business Travel. I agree with bill gates. I dont think Business Travel is going to come back for quite some time. And thats where the biggest margins are, biggest profitability. Im with delta bottom line is you can own any of them. Mastercard, buy, sell, hold first of all, if you own it, hold it. If you dont own it, buy it. We really like mastercard. Its fairly priced at this level and has great profitability. Ultimately what theyre focusin on is the unbank and underbank 500 Million People globally could be their consumers theyre doing the good work in the Corporate Social Responsibility report. I read that a lot. That gives me the innovation ideals companies are employing. Lastly to you from rob in florida, what is too diverse of a portfolio . Is it more than a hundred stocks is that too many how would you answer that question rob, its not so much about the number of names but about the broad categories you dont want all 100 of those names or however many you have driven by the same factors you want to make sure youre diversified across regions first, sectors and size categories once youve ticked all those boxes, the names are on the periphery and not central to your diversified stock portfolio. All right, thanks, everybody. Crude prices. How are futures traders playing that well find out next. When i was in high school, this was the theater i came to quite often. The support weve had over the last few months has been amazing. Its not just a work environment. Everyone here is family. If you are ready to open your heart and your home, check us out. We thought for sure that we were done. And this town said not today. At morgan stanley, a global collective of thought leaders offers investors a broader view. We see companies protecting the bottom line by putting people first. We see a bright future, still hungry for the ingenuity of those ready for the next challenge. Today, we are translating decades of experience into strategies for the road ahead. We are morgan stanley. Our vision is to be the best sports and outdoors retailer in the country with a mission to provide fun for all through strong assortments, value, experience over the years, weve given customers not just great products, but outstanding experiences. We cant wait to have customers nationwide have fun out there. Its time you make the rules. Outstanding experiences. So join the 2 Million People who have switched to xfinity mobile. You can choose from the latest phones or bring your own device and choose the amount of data thats right for you to save even more. And youll get 5g at no extra cost. All on the most Reliable Network. So choose a data option thats right for you. Get 5g included and save up to 400 dollars a year on the network rated 1 in customer satisfaction. Its your wireless. Your rules. Only with xfinity mobile. Were back time for the futures outlook watching crude oil today as it moves higher 43 on the nose. Scott nations of nation indexes joins us now with the trade. Where is it going from here . Well, scott, its been up three weeks in a row now so you might say higher its up a bunch again today, but i think much of that is due to optimism that traders have that americans are going to start traveling again, and its tough to see how thats going to happen before february jpmorgan said earlier today they dont see american cruise lines starting up again until february or march which makes a lot of sense. We have optimism but not a whole lot else other than travel this week that will help crude oil, that will help crude oil demand here in the United States so i actually think its going to pull back, and if i get a pullback, im going to sell on weakness i want to be a seller of the january crude Oil Futures Contract 41. 90. Im going to stop in on a pullback and target to the downside once were short 38 even and thats halfway back from the november 2nd low to the recent high, and my stop were always going to trade these with a stop 43. 50 thats above this mornings high, so 1,000 per point. Were risking 1,600 to make 3,900. Sounded like you were building up to a sell. Thats what youve done. Scott, good to see you. Thanks. Scottatnsoing nio jni us. Well take a quick break and come back with your final trades next before we talk about taxsmart investing, whats new . Audreys expecting. Twins wed be closer to the twins. Change in plans. At fidelity, a change in plans is always part of the plan. Find a stock basedtech. On your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. No one likes to choose between safe or sporty. Modern or reliable. We want both we want a hybrid. So do banks. Thats why theyre going hybrid with ibm. A hybrid cloud approach helps them personalize experiences with watson ai while helping keep data secure. From banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. Lelets get fast, accuratell range oresults. Ions. Introducing letsgetchecked Health Testing you do at home. Know your health. Know yourself. Now, get 40 off at letsgetchecked dot com were back well end where we began guys, before we do final trades. Well talk stocks. Bank of america making its top semi picks for 2021. Autos, evs, jim lavinthal, you like xpi. Weve got to recognize theres a pretty strong cycle going on in sales and each auto has more and more electronics in it this is where nxpi shines. Im relatively happy a replacement for intel. Im very happy with nxp. They like Analog Devices and a Company Called 26, the one down at the bottom we havent talked about chips enough of late there are semicaps. Want you to buy applied materials. Thats their new top pick. I dont think anybody owns that on the desk today. Kla is another pick in that space which you do own. And we like it at this level because ultimately this is a 35 billion fifrmt all t billion firm all the other semiconductors are much large her we see a really Good Opportunity to get in at this price and its looking at a lot of upside and still great profitability. The other semi names have run really hard. This one you can really get in now and get a good value out of this. Yeah, nvidia which degas also owns, amd, marvel. Those are among the top picks in the computing space. Ive got two openers of teradyne, not on this list, but chips. I just want to make that knowcation as we move on to final trades liz young, youre up first. I think investors need to look at esg. Its a theme not going anywhere no matter what you believe politically. Get exposure to efg. Jim citigroup, still rallying even though the tenyear jacobs field has come down ten basis points since last month. Its got more room to run. The etf known as joey t. Try not to fall out of your seat but goldman sachs, the financials, are actually breaking out. Okay. Degas . Best buy. They are going to surprise Single Digits on eps. They report today after the bell well look or tomorrow. Steve weis, finish us out with a name moderna they will get some good news this week i believe on the phase three. Good stuff. The exchange is now. Thank you, scott, and welcome to the exchange everybody. Forgot merger monday its medicine monday now for the third week in a row we woke up to promising results on a covid19 vaccine but the Market Reaction is getting more and more muted is all the positivity baked . Plus good news for airlines in that more people are traveling, but bad news for industry as covid keeps spreading. Casinos cutting capacity and california curbing on restaurants. Weve got all the details. And whales who have thrown their weight behind a cryp
vimarsana.com © 2020. All Rights Reserved.