Sara Eisen and Bob Pisani discussed the markets looking to extend their rally one day after the Dow and Nasdaq 100 posted all-time highs, while the S&P 500 continued to advance toward its own all-time high close. \nTwo 'Magnificent 7" stock in the spotlight; Microsoft's price target raised by Wedbush to $450 from $425, as the firm sees an "iPhone moment" for the company. Tesla rallies toward a three-month high and is on \ntrack for its third-best year on record. Also in focus: Fidelity's Jurrien Timmer shares his 2024 market outlook, Delivering Alpha investor survey results including best ideas for the new year, BofA's top telecom pick for 2024.\n\nSquawk on the Street Disclaimer