CNBC's "Fast Money" Stocks Close Out an 8th Week of Gains, But Will The Leaders Keep Their Momentum in the New Year 12/22/23
Dec 22, 2023
Discussion on sector performance in the market, including energy stocks, healthcare, and real estate. Analysis of Nike's stock decline and its implications on the consumer market. Exploration of China's gaming industry crackdown and insights on energy stock investment opportunities. Hosts' stock picks, including Rivian and PayPal. Analysis of recent market sell-off and discussion of Lionsgate's studio spin-off and its deal with Screaming Eagle Acquisition Corp. Lighthearted conversation about acronyms, year-end predictions, and final trade recommendations.
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2023 Market Performance
- Megacap tech, semi-software stocks, and home builders saw outsized gains in 2023.
- Utilities, regional banks, energy stocks, and staples significantly underperformed.
Market Rotation?
- The market may see a rotation into lagging sectors in the new year.
- However, the strong performance of tech and similar stocks could continue.
Energy Sector Opportunity
- Consider energy stocks due to their unappreciated valuations and tailwinds.
- Warren Buffett's increased stake in Occidental Petroleum suggests value in the sector.