8 things you need to know from 'Fast Money'
1. The Google trade: It was the first week of trading in the final month of the year, and the "Fast Money" crew gave their last chance trades to cash in before 2014.
Steve Grasso of Stuart Frankel said that Google has more room to run, even after a nearly 50 percent gain on the year.
(Watch video: How you can still make money: Pros)
"You have search, you have YouTube," he said. "It's had a great year, but I think higher prices are in store." Karen Finerman of Metropolitan Capital predicted that the commercial construction rebound is still in its early stages and chose United Rentals as her top pick.
TradeMonster's Guy Adami took the tech route, selecting Carl Icahn favorite Nuance Communications, which dropped a week earlier on weak guidance. "I think it sets up for a decent long," he said.
2. The bitcoin craze: The crypto-currency held firm above $1,000 on Monday.
Mark Chandler, head of global currency at Brown Brothers Harriman, joined the crew for a lesson in the basics of bitcoin. "There's a whole universe of digital coins, digital currencies, and bitcoin is just the most popular one that's caught people's imagination," he said. Responding to a viewer question about the viability of bitcoin as an alternative currency, Chandler said, "I don't think it could really replace money, but I think it could help supplement it ... it could be used on the internet to facilitate international commerce." Even with its potential uses, Chandler said the chances that he'd cover bitcoin, as he would the euro or the yen, are "pretty slim."
"Fast Money" trader Brian Kelly said that he would be interested in buying bitcoin, not for its inherent value but for what he called the "networking effect." "The value of bitcoin is a function of how many people accept it as currency," he said.
3. High-flying Gogo: In-flight internet provider Gogo was one of the biggest winners Monday, climbing more than 17 percent after announcing that it had received certification to install its technology in Boeing 747-400 aircraft.
The move could be seen as a key step toward offering wi-fi service on international flights.
Gogo CEO Michael Small joined the crew to talk about the new service. "The big opportunity internationally … is the number of aircraft. There are about 4,000 commercial aircraft inside the United States and North America, and there's 13,000 commercial aircraft outside," he said.
Brian Kelly called the company "essentially a monopoly business" and said you "can be in it here." Steve Grasso disagreed, saying there are "pretty low" barriers to entry and competition could increase.
4. Dawn of the 'drone age': Interest in drones took off after Amazon said it was looking into using unmanned aircraft to deliver packages.
While AeroVironment earns the majority of its revenue from defense contracts, the company says it is looking toward alternative ways to cash in on the emerging drone economy.
"There are half a dozen very large growth opportunities that we're pursuing between now and the next four or five years,"CEO Timothy Conver said. Regarding growth potential, Convers added that "there's been outside third-party market research studies that indicate maybe $80-plus billion in economic benefits between 2015 and 2025 just in the United States."
Guy Adami said the company's backlog is "tremendous," adding "you hope the backlog is a trend, and not a one-off." Tim Seymour and Karen Finerman suggested that the company could be an attractive buyout candidate for larger defense companies.
5. Raising bond shorts: Benchmark U.S. 10-Year Treasury rates hovered near three-month highs on Wednesday after a stronger-than-expected ADP jobs report.
Dennis Gartman of The Gartman Letter had been recommending the short bond trade since October, and joined the crew to give an update.
"I'm looking to get shorter," he said, adding, "I think you could take the 10-year sometime next year well above 4 percent." Brian Kelly of Brian Kelly Capital agreed with Gartman's short call, saying, "I'm with you on this trade."
(Read more: Dennis Gartman doubles down on bond shorts)