has been hot. you have a little bit of money chasing those trades that might look like they are short-term. some of the suilly stuff has moved. >> and we did get a new closing high for the s&p 500, just shy of 5,000 today. we're on watch for that. mike, thank you. that's going to do it for us here at "overtime." >> "fast money" starts now. live from the nasdaq market site in the heart of new york c city's times square, this is "fast money." a magical ride for disney. they hike guidance and slashes losses in its streaming business. the details on the quarter and the headlines if our interview with ceo bob iger. plus, shining solar. giggest gains since july 2022. has the bottom really been put in for the struggling sector? and just how much higher can solar stocks rise? we raise the shades on that trade. and later, ready for a bounce? dollar general and bristol myers

have seen shares drop sharply over the past year, but the chart master says while shares may be down, they are certainly not out. we'll find out why and if the traders are buying in. mim i'm melissa lee, coming to you live from the nasdaq in the heart of new york city's times square. we start with disney. the stock trading at one-year high after the company made a slew of announcement, including an investment in epic games and details on the launch of espn's direct to consumer product. bob iger sitting down with our julia boorstin. she has the details. julia? >> reporter: well, melissa, bob iger calling this quarter a turning point. this big earnings beat in guidance of at least 20% growth in earnings per share for the next year, saying it's a testament that this turnaround plan that he's been working on is working. he also announced a partnership and $1.5 billion investment in epic games to create an immersive game experience with disney characters and characters

from all of its different ip, including marvel and "star wars" alongside "fortnite." i asked if this was enough to speak to nelson peltz. >> if you look at the results we just announced, and all the things that we're talking about, that is the result of a team that is motivated, that is focused, and now all of us are very optimistic. the last thing that we need right now is to be distracted in terms of our time, our energy, by an activist or activists that, frankly, have a completely different agenda, and don't understand our company, its assets, even the essence of the disney brand. and i think i'll just leave it at that. >> reporter: iger saying he has no plans to speak with peltz. i asked him about disney's new joint venture with fox and warner brothers discovery to launch a streaming sports bundle this fall. i asked whether it could

accelerate cord cutting or cause conflict with their pay tv distr distributors. take a listen. >> we've watched for years the decline of the basically the linear bundle on cable and satellite. and we've been preparing for a world where that business is not as strong as it used to be. launching disney+ is an exactly of that, the investments we've made in content. the fox acquisition, the acquisition what that did in terms of our ownership of hulu. all of these things have prepared for us to pivot, as well, as the world changes, as the world is disrupted, and by the way, i'd rather be a disruptor than to be disrupted. >> and iger's working on yet another response to that disruption, with a new espn flagship streaming service that's going to go direct to consumer. he announced that the launch will be as early as august of 2025. me lis sashgs you can find more from my interview with iger on cnbc.com. so much news from this exclusive interview, melissa. >> julia, the target of 2024

profitability for the combined streaming business, does this include the new streaming venture? >> so, i don't know if that includes the new streaming venture, but remember, it's not going to be launching until this fall. but the idea about this new streaming venture is that it really shouldn't negatively impact profitability. in fact, it should be accretive. and here's the key thing. disney expects to get paid the same amount for espn and the other channels that are included in this new streaming joint venture as it would from, say, a regular pay tv provider. so, if they're going to be making at least as much as they would if they were, say, offering that same channel through charter spectrum, they're not going to be losing anything there. the question is whether they can use this joint venture to maybe getsubscribers. the question i posed to him is if he thought this would accelerate overall cord cutting of the 55 million americans who are still currently subscribing

to a traditional pay tv bundle or some sort of paid tv bundle, but he said they see this as an incremental opportunity. >> all right, julia, thank you. we just spoke with bob iger. your thoughts on the quarter were really interesting in terms of, you should have known this was going to be a big pop. >> i can't believe how stupid i was. that was just kind of you and me. i would say more broadly than that, yes, in -- obviously it with us a great quarter. a lot to like here, but just stepping back and looking at, okay, there's this proxy fight and this is the last earnings call they're going to have before the vote, probably they want to put their best foot forward. and, you know, i'm not -- i'm not insinuating that they massaged the numbers, but i am saying that there is a little bit of sort of spin you can put on things. he did a great job in that interview. there was a lot to like about it, but i am feeling kind of dumb on that. >> all the directors are going to be running for re-election, so, he's got the three

activists, all the directors that are going to be running for re-election in their april shareholder meeting. so, there's a bunch of stuff that, when karen says, did they -- what was the term you used? >> massage, but -- >> i think everyone is always massaging earnings. you want to bring everything to the focus, to the front. i thought streaming numbers were going to be down because of the news yesterday. now, when you look at what he's really talking about, talking about the buy-back, talking about "fortnite." i'm pretty sure disney characters aren't going to be in the same theme as that, but that's where growth is going with epic games. so, he had to do something with gaming, he had to do something, so, a value investor, how did you feel about the buy-back? >> i was -- i mean, it was not that long ago that we were talking about their capital structure issues, so, to have a big buy-back and -- well, some what, $3 billion, i believe, and then a dividend, which they had, you know -- which they stopped

doing for awhile, that's pretty impressive. and they've gotten their balance sheet definitely in a better place. >> yeah, and i think what's interesting, too, all eyes are on streaming. their earnings were the same day they come out with this new streaming service. and that's probably why they came out with this now. they want this to be the focus. interesting, they lost the amount of subscribers in their streaming, but the revenue went up as their price went up, which is really strong for them. and i think that's going to be the shorter term story with disney, which is really positive. longer term, they are putting $60 billion in their experiences, and we are seeing this trend with consumers where after covid, this hasn't changed. everybody still wants to travel, they want to do things. and you're going to see parks going to continue to benefit them. they have this multifaceted business, which is really still good for a long-term nvestor. >> carter, your thoughts on this chart are pretty brief. you put out a note earlier, you said, you like the shares, and you're like, you know what,

stick with it. >> yeah, you know, sometimes less is more, and so, the note put out was disney no new thoughts, which is to say, the prospects of a bottoming out formation continue not only to be very real, but are developing well. i think what's important about the disney price action, not so much today in response to the news, is that it went all the way down to its covid low, so, you're talking about a stock that at covid was $79, rallies to $200, and in the past six months, revisited that covid low, as the s&p is going up every day, every week, every month, and then holds those lows. so, this, by my work, has all the markers of a bearish to bullish reversal. upside remains well unknown. i think very much the opportunity, and with this kind of post-earnings news-related pop, it just confirms it's right to be long. >> all right, before we get more on disney, we want to get to the big move in arm holdings. in the past ten minutes or so,

shares of the semiconductor company surging as much as 38%, now off of those highs after posting a beat on the top and bottom lines. company giving better than expected guidance for q-4. the conference call about nine minutes in right now. let's get to kristina partsinevelos with details. >> well, the recovery in smartphones really helping arm, given 40% of total revenues comes from mobile. arm, for those that just need a recap, designs and licenses semiconductor intellectual property. technology can be found in everything from smartphones to cars. the company pointing to three main drivers for the beat and improved guidance. increased adoption of its new cpu architecture, which sells at a higher royalty price point. think of it as the blueprint for building chips. secondly, increased market share in cloud, specifically because of a.i., and a.i. efficient systems, as well as increases in auto. something we didn't hear necessarily from other companies like microchip that warned of auto weakness. and then lastly, a recovery in

the broader semiconductor market. the call is under way, and i'm reading right now, one line, not only smartphones, but seeing strength in other markets like in infrastructure and a.i. is really driving the momentum. if you were to compare the share price right now of arm and inin h nvidia and arm, canyou can see surge, actually higher than nvidia, which is not often to say it can beat nvidia shares. that means as arm's market cap over $100 billion, already beating out micron. if you include afterhours trading. tomorrow we'll have arm's ceo on cnbc on "squawk on the street." >> kristina, thank you. kristina partsinevelos. already today, we hit a new high in the smh. we had another data point that is worth pointing out in the chip space, monolithic power, which provides the power management systems to nvidia gpus, they had good results and

are up in the afterhours. seems like everything is coming up roses in chips, steve. >> well, this is -- well, last year, we touched on the a.i. element to chips and that's going to be the next leg, could be the next five-year leg. but where kristina touched on about how much money they get in royalties, and then they start with a cpu structure that's a higher cost than their existing one. they need to have a higher structure, because they -- they own the whole market. they own smartphones. they own consumer. so, they need another chip or another royalty injection, i should say, to do better. when you look at the numbers -- remember that thing in 2020, nvidia tried to buy them for $40 billion. could you imagine if nvidia, with all the stuff that we're talking about, nvidia runs that market, now they try to buy them in 2020 for $40 billion, but remember, soft bank owns, it was that weird ipo, where they still own 90% of the company. so, when you look at a pop like this, it took a little bit long

to get momentum, but they are 99% of the market share in smartphones. that seems like just a crazy, outlandish number. >> and the margins, you were pointing that out, it sounds insane to say a margin of 97%. >> yeah, when your licensing revenue is really, really good and you beat by a lot, that's -- it just -- it's stroud their. it's taken a long time, though, we've had a huge, huge chip -- not reversal, but more strength, just ridiculous strength. nvidia is still, like, two weeks away, plus, from earnings, right? that's a lot of, like, good news already baked in. i don't know if it will reach the top before -- it's getting to the point where it doesn't mat wter what they say. will it be enough? and so many other ones have been good for them. and -- >> are you shorting nvidia? >> no, i'm long and i'm scared. i sold some upside calls. >> carter, should she be scared

for nvidia? >> when something is just and to the right, momentum is a powerful force, just as down and to the right, like pfizer, and usually you don't want to fool with it, if it's established downtrend, don't fool with it. if it is established uptrend, don't bet against it. but at some point, and we know this to be the case, tesla was great until it wasn't. bitcoin was great until it wasn't. you can be full. forget about, you know, expensive, let's use a more sort of nuanced word, full. is nvidia full here? and interestingly, the sox index, of course, is not an all-time high, it's bow low wh below where it was two weeks ago. and there's nothing wrong with trimming a great winner. >> and we're clearly not seeing all this euphoria with artificial intelligence ending. that's part of what you're seeing here with arm. and what's kind of interesting, too, they have such a presence in the mobile space, right, everybody was expecting to slow down. i wonder what that's going to mean for mobile in general and the demand going forward.

is this actually stronger than we expected? maybe that's a positive sign when you look at the consumer. let's get back to disney and bring in former nbc cable president tom rogers. he's now the executive chairman at orbit gaming and entertainment. tom, great to see you. >> great to see you, melissa. >> what is your take on this new streaming service and whether or not disney will actually make money from it? >> well, this isn't the first time i disagreed with market reaction to a disney report. i'm not sure what the euphoria is here, they have a struggling streaming business that lost subs, and they still are in a position relative to cutting costs when it comes to its streaming service to at all be at the point that netflix was with a similar level of revenues to look like it's on a real path to profitability for that business. when it comes to the sports joint venture, i'm not really sure it solves for anything.

i think we got to ground ourselves here. there's only 1% of u.s. households that watches more than 12 hours of espn a month. and there are only about 10% of u.s. households that watch more than six hours of espn per month. so, the number of super sports fans out there, i think, is overestimated. i think the bigger issue for the sports marketplace right now is where the fanbases are around local sports, and the regional sports networks, and huge issue in terms of access and pricing for them. this doesn't solve for that. the pricing of this, i think, is, well, nobody knows what the price is yet, but what's been out there, i think, doesn't necessarily bode well for mass distribution. and then, you have what i think are probably going to be a lot of very come per some governance

issues. does everybody get a veto here? is it by majority vote? is the nfl going to be in a situation with this independence management that now controls distribution of football in a way that they don't have a direct relationship with an entity that has that kind of distribution clout in the marketplace? a lot of issues here that i think are going to be problematic, as they really get down to the details. >> tom, it's karen. thanks for being on. so, about this joint venture, do you think this is sort of a trial balloon, or do you think they're far along and they think this is really going to happen? >> well, i think that's a great question, karen, because if i had to guess, if warner does not get renewal of its nba rights, i have a hard time seeing this happen. i'm sure warner entered into this in part to have another revenue stream so it could bid more aggressively for the nba rights, but if i'm disney and fox bringing football to the table, if turner, which doesn't

have football, isn't bringing basketball to the table, even though it does have some other sports, i have a hard time seeing that they're going to give it the clout in this venture that this contemplates. now, i also would think that comcast, which supposedly has some interest in the nba package and does have a broadcast network, unlike warner, could easily disrupt this thing in terms of bidding the warner turner package away from it, and comcast/nbc getting nba rights. and i think if that happened in lieu of warner getting those rights, there's a good chance this might not come together. >> so, tom, when you look at the earnings and how it came out, it was so loaded for bear. it was one thing after another, a litany of processes he was going through. do you think that that headline yesterday about this bundle and do you think the way he came out so repetitive and acted strong,

obviously, the -- your first comments were, it wasn't that great of a report. are we just looking at him just talking to the activists at this point? was that what this was all about? >> well, they delivered cost cutting, which delivered a nice earnings pop, but they're light on top line growth. and when you're not only facing a linear traditional tv advertising problem, where all the major media companies are facing downdrafts there, but look at hulu. hulu, the grandfather of advertising in the streaming space, as everybody is turning their attention to advertising in the streaming space, but it had a huge head start with all the streaming advertising inventory, as netflix, max, et cetera, are just building up ad-supported households, and ad revenue was down last year, it was down again this quarter in hulu, and ad rates were down. so, there are fundamental issues

here in the strength of the streaming business, which is really what market has to look at in terms of reinventing this company. i do think the move to gaming was an important one. look. kids spend more time with gaming than they do tv. how does a kids and family company not have a greater position in gaming? smart move. we'll see what comes to it, as he said, there's a lot yet to come. and on the joint venture with sports, i was co-chairman of a&e history for years, and i'll tell you, the reason that one worked is we didn't have any competitive entities. iger on that call was talking up espn streaming standalone relative to this new sports joint venture. when you have competitive issues that misalign you with others in the venture, very tough for it to work. >> yeah. tom, thank you. tom rogers. coming up, we'll break down the record-setting day on wall street, plus more earnings. shares of paypal and wynn on the

move. we'll bring you the details next. and enphase results are coming up, as well. this is "fast money" with melissa lee right here on cnbc. meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, shares of paypal and wynn on the economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley.

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welcome back to "fast money." an earnings alert on wynn resorts. the casino operator jumping on a top and bottom line beat. contessa brewer is with us from las vegas with the details. >> yeah, what a quarter here, melissa. as you said, beating the top and bottom line. expectations were beat in boston, in vegas, in macao, in fact, wynn resorts set an all-time quarterly record. and in hlas vegas, that was particularly notable. they set a record last year this time. on the call, the ceo said f-1 was a significant contributor in november, and that it just demonstrates that wynn is setting the standard in las vegas for luxury guests. he conveyed lofty expectations for february results, too, with super bowl, you can see the

stadium right over my shoulder, chinese new year, the strong convention calendar. he said that they have been programming the heck out of this place. he words. and you can see it's paying off. in macao, billings said wynn is seeing structurally higher margins, but less reliant on the vip segment, which he called volatile. but melissa, you're seeing investors have not given wynn credit for the reopening in macao at all, much less the rebound that they've been seeing, the shares going into the earnings report down year over year. >> contessa, thank you. contessa brewer. you hear the headlines out of china about a consumer that's strapped, a consumer under pressure, that's lost a lot of money in real estate, you don't think about revival in macao, and yet that's what we're seeing. >> they're getting that higher end consumer. it's the person that's really not struggling as much with the economy. and that's who they are benefits from. long-term, that's going to continue when you look at macao. short-term, i think vegas is really interesting. they just had f-1, which clearly

helped, now we have the super bowl, which is going to affect them now. to getting those higher income earnings who are coming into the space. and that's one of the places they're going to go. it's something that's going to continue to improve here. >> i'm long las vegas. las vegas, you get singapore and macao, and mgm, you get vegas. wynn, you get a slice of vegas and you get macao, so, i cut out some of the noise, i like having singapore, oddly enough, las vegas doesn't have any exposure in las vegas anymore, so, i'm banking on just price reversion to mean here on the space, but i think macao is too much of a variable to really play this -- no one has any clue what macao is going to do, so, i throw in singapore, it helps me mitigate my risk. markets jumpingtoday with the s&p getting within a tenth of a point of the milestone 5,000 level. the s&p, as well as the dow both closing at new highs. the nasdaq up nearly a percent.

markets seeming to breathe a sigh of relief after the ten-year bond auction. the treasury selling a record $42 billion of ten-year notes at a lower than expected yield. were these results all-clear sign for stocks? this was a concern. four straight months of just not very well-received auctions, karen, and so, here we were. >> yeah, kind of, for a -- right, for a very big auction, it could have gone differently, which would have been terrible for the market, so, that is one sort of obstacle that we passed, which is very good. >> yeah. carter, i hate to ask you this question, because i feel like i know the answer or the answer you're going to give me, but is 5,000 significant? >> no, no. i mean, there's this whole round number thing, but it's -- is december 29th any different than january 4th? the year-end is the year-end. 4:00 p.m., it all stops at a certain time. calendar year, year to date, does that mean anything if it's three days into the year?

it means something if it's 11 months. what is notable, of course, is that since data's been tracked going back to 1990, 1991, wall street as a group has never once predicted a down year. every year, they call for higher. the nature of the sell side. and we have a curious circumstance, we are quite close to the year-end price target from wall street major banks and brokers, even though the year has barely begun. >> you know what's funny, that carter says that, you would think the sell side wants the market higher, but we've seen some strategists, not mentioning any names from the sell side that's been out here pounding the table that markets were going lower. this year, if you look at all -- mizuho put out a piece where all their year-end price targets is right around where we're at right now. >> right. >> so, either the market is going to readjust and have a roller coaster year again and finish off here, or, they're grossly underestimated where the market is go. i think, yes, it's a big, round, fat number, but i think it's

important, because that becomes the floor in the market, a quasi-floor. >> and not a ceiling? why a floor and not the ceiling? >> it's a ceiling until you blast through it. resistance until it becomes support. once you blast through it, everyone's talking about, where are we going to be? let's not forget, we're in an election year cycle now, so, i think the back half of the year, there's going to be a lot of stuff thrown at the market to increase the value of risk assets. there's a lot more "fast money" to come. here's what's coming up next. grab some sunscreen. these enphase rays are coming in hot. the solar stock ripping after earnings. but it wasn't the quarterly numbers that had shares feeling the heat. why this name won't let the sun go down on your pot foul owe. plus, the latest on the regional fallout. new york community bank continuing its slide. h the impact on the financial space and the effects resonating

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welcome back to "fast money." shares of enphase energy topping the tape today. the stock surging despite reporting a miss on sales and earnings. the company ceo saying falling interest rates will help boost demand for solar installations and the industry will bottom out this quarter. shares up nearly 17%, their best day since july 2022. are there any bombed out stocks poised for a bounce here, and how about enphase itself, karen? >> well, we know solar edge, which got annihilated this year, on supply, you know, excess supply, so, that's terrible for pricing, demand was coming in. solar edge had a lot more european exposure than enphase which is just starting in europe, so, that was good. that's great. but as the ceo said, if you look at the chart of this, versus interest rates, lower rates is clearly better for the whole space. >> yeah. for sure. >> for sure. >> that is one reason steve was so down on the space, because anything that had that interest rate component where the

consumer in particular had to have low rates in order to make that deal happen, he was not positive on. this is one of them. cup use where he stands on this right now. but courtney, oppenheimer upgraded enphase, was more optimistic, said inventory should iron out in the second half of the year. do you think it's time for solar or is that still too risky in your view? >> not too risky, maybe a little bit more expensive. but i think what i see in this is, it's showing that interest rates are expected to come down. that's why it's doing so well. we saw with the treasuries earlier today coming in at a lower price than people were expecting is why investors are still believing that interest rates are coming down this year. probably not at march. we'll see if that comes back on the table. but that's going to be good for any interest rate sensitive stocks. solar is one of those, because it is something that consumers are going to have to leverage up to get it. that will benefit over the long run. >> and closer to rate cuts than we are to rate hikes, let's hope, right? but when you look at the two

stocks, i'm not sure if we showed the year performance on them, enphase is down 50% for the year, and solar edge is down 76%. if you look at first solar, that one has actually outperformed in the space. it's been so long since we actually focused on solar stocks -- >> much less resideresidential. >> much less. and when you have oil as cheap as it is, i get back to that election year cycle, even though rate dependent, if oil is cheap, then you don't get pushed into evs and you don't get pushed into solar, and we are in an election year cycle, i think oil remains low. >> so, this whole thing got us thinking, are there any bombed out stocks poised for a jump? carter with his picks. that's straight ahead. and speaking of beat-up names, new york community bank still reeling after last year's earnings disaster. so with downgrades coming left and right, can we expect trouble in the broader banking space? more on the potential ripple

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welcome back to "fast money." the dow and s&p closing at record highs, with the s&p just points away from hitting the 5,000 level. the nasdaq up nearly 1%. shares of cvs up about 3% after the pharmacy chain beat on the top and bottom lines. but the company cut its full-year outlook as higher medical costs weigh on the broader insurance space. cvs down 4% so far this year. but it got beat up over the same stuff from competitors, so, here we are, karen. >> again and again. remember, also, the prescription benefit cards and then we saw humana and then -- and so, they, too, here have a medical loss ratio higher than they thought, but it wasn't as bad as had been priced in by the prior hits to the stock, and actually, so, people were pretty relieved that next year's cut to earnings was only as low as 830 -- it was 850, they thought 830 would be the low.

makes it not an expensive stock, but i don't own it. turning now to new york community bank, shares jumping 7% after announcing a new chairman. the stock is down more than 50% this year. meanwhile, credit card debt hit more than $1 trillion at the end of last year, according to a report out yesterday, that's almost 60% more than the year before. for more on what this could all mean, let's bring in andy c constand. >> great to see you, melissa. >> the reaction to new york community bank seems to be fairly contained. not too much reaction when it came to any move in yields, a flight to safety. there's not that sort of, you know, fear of a flight of deposits out of banks. are we past the worst of it? >> yeah, so, i mean, to borrow a phrase from a friend on twitter, po policymakers have been acting to stabilize the market, banking systeming and economy as if each were a child's tamagotchi.

treasury reversed on halloween, when bond markets sold off 100 basis points. the fed focused on real fed funds in december, and markets extrapolated to a complete pivot and the beginning of a cutting cycle, which the fedis walking back. just 11 months ago, equity markets fell dramatically, as silicon valley bank and others collapsed, but with new york community bank, markets are confident that the policymakers will have their back. if you look at issuance shifts, path forward guidance, you can see heavy intervention to keep things on the path to a soft landing. we may get there, but clearly, with a 4.1% ten-year, a buoyant equity market, and an economy with gdp running above 3% for going on three quarters in a row, the policy stance is not restrictive. that bodes well for stocks over

bonds, but stock markets are being led by a scant few names. >> yeah. tamagotchi, those are those -- >> digital pets. >> children used to -- >> if you don't, they die. >> children -- you need to care for them, so -- >> right, right. >> there's this care going on. >> yeah. i was thinking of the legions of viewers out there who have no idea what you're talking about. in terms of your positioning, you said stocks over bonds, is that reflected in your own portfolio? >> yeah, i think there's a chance that this exuberance -- well, let's step back for a second. on friday, there's a very big number coming out, and it's not something that people follow, it's a fairly esoteric thing, but the fed's mentioned it extensively, and that is the revisions to the cpi. and if those revisions you which are on the seasonal factors, show that the progress that has been made in the last three to six months on inflation was

revised to not being progress, i think markets broadly can struggle a lot. on the other hand, if those inflation -- if the inflation target continues to show this progress, you know, equities should do fairly well. bonds still seem extremely rich, given the very large supply that was announced last week, and the broad likelihood that taper is going to be delayed. so, yeah, i prefer equities over bonds, i'm short bonds. >> andy, it's karen. thanks for being on. so, the auction that we had today, which went well, the biggest auction ever, right? does that give you any comfort that the amount of bonds that the treasury needs to sell can be absorbed or is this only one data point and you don't read much into it? >> you know, it's one data point. i think you have to look at the term premium that currently is priced into bonds that make them, frankly, unattractive relative to cash. the very steep yield, inverted

yield curve that makes levering for traecdes unattractive, and it's one of these things, if there's enough supply, which has to be absorbed, and that's $500 billion of net coupon new issuance every quarter for as long as the eye can see, based on their most recent quarterly refunding announcement, the pressure for bonds, increase in yield from 25 to 50 basis points on the long end is there. any one day, it could be random, and the nycb bank situation is creating some demand for bonds in the very short-term. >> andy, got to let you go. great to see you, as always. >> thanks. >> all right, so, courtney, what is your take on nycb and are you concerned about broader issues in the sector? >> no, and i think when you look at nycb what's interesting, regulators engineered them taking these assets from signature bank, so, there is

some concern of what's going to happen with commercial real estate, but it would be interinterest ing for them to not have their back. they do have ample liquidity, so, i think a lot of this is just headline risk, and i don't see this as an issue. when you are looking in real estate, commercial real estate is going to be the area that's likely going to be lagging. in the real estate sector, you want to have things like data centers and other sectors of the real estate, but it's not necessarily something i'm concerned about when you look at the regional banks. >> carter, was today's bounce meaningful at all given how much the stock has declined? >> no, of course, because when you're in sort of uncharted territory which is to say, there's a great question as to, not about value, but could it get worse, could it go out of business, could it bounce a lot? you get bounces and resumption of weakness, it's just a gambling chip day today. there is no technique known or, let me say it this way, that i

know of, that hey, we should short this, we should buy this, it's just a day trading affair. >> are you surprised at how much decline, given what courtney said in terms of the fed-backed stock. it traded like there was no back stock. >> i guess that's the case. i don't know how much was shorting, right? and ultimately being covered after the -- this morning was really trading terribly and it was probably pretty scary for them, so, i don't know if that's when shorts covered. i'm just sort of staying away. coming up, another earnings alert. this one on paypal. the stock dropping afterhours. we'll dive into the results after this. plus, this stock has missed out on the market rally over the past year, but the chart master says things are about to change. we'll find out what it is, have him lay out his case. there's some notable names of black ceos in the fortune 500, including the tiaa chief,

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money." an earnings alert on paypal. shares of the company down after the close despite beating the street's expectations. investors weighing in on the stock. that call's going on right now. here's kate rooney. >> it's all about earnings guidance. it's been weighing on shares. paypal did not give a forecast when it comes to revenue or for payment volume. that omission is raising some alarm bells for analysts, at least that i'm talking to. plus, paypal is seeing a slowdown in accounts amid for competition out there. paypal had 426 million active accounts at the end of last year, that's about a million short of expectations. it was down 2% year over year. they did start to disclose monthly active users, but there's no comp for that. paypal also looking for full-year eps on the earnings side. $5.10, that was 38 cents below expectations for the street. q-1 eps growth missed. payment volume, operating margins did beat for the quarter, but branded checkout was light. i talked to the ceo about that

forecast, he said, we're being conservative in the guidance, he said, we want to see points on the board, as he put it, and want to execute before we start putting anything into our forward guidance there. and he just said on the earnings call that's going on right now, he said paypal needs to, quote, build back a track record of delivering on our commitments. really trying to underlie that change happen, and he called it a transition year for paypal, though hewas also just asked about when that's going to start showing up in guidance, he wouldn't give an answer in that. >> kate, thank you. steve? >> the stock is out of growth ideas. that's what investors are looking at this as. if you go back, they tried to buy pinterest, back in october of 2021. the stock was trading at $270. the only good news is that this october, when the market started to rip higher, it looked like it bottomed out around the $50 level. i think people are just rolling the dice, but there's definitely an issue with growth, where are they getting that growth from going forward? coming up, can any stocks follow the enphase example?

the chart master has his picks for some rundown names that could see a reversal. the technical tale on the stocks next. more "fast money" in two. s of da points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay.

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carter? >> two names, and we can get right to the charts, but the setup is this. each is a great long-term winner that has had trouble over the past 12 months. so, dollar general, talk about a great long-term winner, you see the well-defined uptrend, but the massive break in trend. and now we're starting to throw back. let's look at the short-term chart of dollar general, and what you'll see here is something that's just now -- it's up some 40% off its low, but that's the same as the s&p. but there's so much room to run to get back to former highs. the other, bristol myers, a big health care name, also a long-term big winner, but it's held trend in this current selloff, down some 35% from its peak. if we look at the short-term chort, it's starting to show a slight sequence change. it's a downtrend, to be clear, since 80, but a downtrend is defined as a sear lees of well-defined, lower highs and lower lows. we are making a bet that this is going to move higher, not lower

from here. >> courtney, would you take either of these? >> i would. really what's happened is, coming into the year, i thought there would be a broadening of the rally, but it's only gotten smaller. the mag seven are now five companies, a quarter of the s&p 500, and that's where you really want to look at the beaten up names. outside of your tech companies. i do really like some of the health care space. >> karen? >> well, i was going to ask carter if i can -- >> sure. >> can you bring him back. >> he's not a guest. >> carter, a couple weeks ago, you talked about pfizer, as one of them that just -- it's a similar chart to bristol, but worse. i say that, because -- not because i'm long, because it's true, that's why. i am long and i was wondering on the chart basis, what do you think of pfizer? i know you looked at it. >> so -- >> yeah. it's bad technique what i'm doing in the bristol mmyers.

we see an estee lauder, it come to life, big downtrend and one day it can come to life. intel was a pfizer or worse, and it surely came to life. the timing is very hard and sometimes you get it very close to the bottom, sometimes you are early, which is wrong, and it goes lower. at some point, we know that pfizer, to your point, at least, i think that's the didn't make, will finally stop going down. and so, the idea is when you are speculating something's in a downtrend, if you want to break the rules and do something that's usually bad technique, do it small. >> okay. >> up next, final trades. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description.

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constant contact. helping the small stand tall. final trade time. carter braxton worth? >> geo group. private prison operator. buyer for a breakout. >> that's funny. karen. >> yes. if you are long nvidia, sell some upside calls on this arm strength tomorrow. >> courtney? >> disney. i actually like some of their

earnings reports. i want to make sure you have it in your portfolio. >> steve? >> who is the worst messager on the street in the large cap tech space? alphabet. they're terrible. i'm long the stock, they've got to figure out their message. alphabet. >> thank you for watching "fast money." see you back here tomorrow at my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always more work in the summer. i promise to help you find it. mad money starts now. hey, i'm cramer, welcome to mad money. i'm just trying to make you a little money. my job is not just to entertain, but educate and explain these records. call me. forget art official intelligence for a minute. right now this market is often in