CNBC Television·2025-12-12 18:24Stock Performance & Trends - Caterpillar hit a record high today [1] - Steve White's stock is up 31% quarter to date [1] - Delta is up 24% in a quarter and also hit a record high today; estimates for next year started at around $830%, went below $700%, and are now just above $700% [3][4] - Unity Software is up 23% quarter to date, reaching a 52-week high [5] - Brenda Parker Hannifan is up 185% quarter to date, also hitting a record high today, and is up about 40% for the year [6] - Hasbro is up 105% in the quarter, reaching a 52-week high [7][8] Investment Strategy & Outlook - The discussion favors playing the "picks and shovels" approach, particularly in private markets, rather than directly picking the next AI technology [2] - The economy is expected to be much stronger in 2026 than initially anticipated at the beginning of this year [4] - Brenda Parker Hannifan's strength is driven by the aerospace trend, with a focus on cost control, and the outlook remains positive [6][7] - Unity Software is considered a high-risk trade, requiring a turnaround to be seen to be believed, but is on the right track with 3D gaming and industrial simulation [5]