Carl Quintanilla, Morgan Brennan and David Faber began the hour by breaking down another winning week for stocks, despite some volatility in the MAG7 names. Goldman’s senior equity strategist, Ben Snider, joined the group to discuss how investors have been positioning themselves ahead of the new Trump administration. Also in the mix: CNBC’s Dom Chu joined the hour looking at Bitcoin touching new record highs, getting closer to that $100K milestone. IMAX CEO Rich Gelfond closed out the hour with his thoughts on the huge movie weekend ahead, with ‘Wicked’ and ‘Gladiator II’ hitting theaters.

Squawk on the Street Disclaimer

Carl Quintanilla, Jim Cramer and David Faber discussed what to make of certain stocks going parabolic. Jim offered words of wisdom when it comes to searching for the next Nvidia.

The Trump transition in the spotlight: The President-elect reportedly floated the idea of choosing former Fed governor Kevin Warsh as Treasury Secretary, and later nominating

him to succeed Jerome Powell as Fed Chair. The anchors reacted to Citadel CEO Ken Griffin's comments about tariff risks. Also in focus: Gap and Ross Stores jump on earnings

and holiday season guidance, Amazon to invest an additional $4 billion in Anthropic, OpenAI vs. Google, dueling magazine covers featuring Elon Musk.

Squawk on the Street Disclaimer

Jim and Jeff break down the market reaction to this chipmaker’s earnings. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake

CNBC Investing Club Disclaimer