>> thank you. >> you got it. great to see you. thanks, john. let's slip nis in real quick, qr code, on the other hand newsletter is about nvidia and whether it can continue to run. >> we'll see you next week. we get some of the retailer earnings. we get fed minutes on wednesday. that's going to do it for us at "over time," though. >> fast money starts now. live in the heart of new york, times square, this is fast money. big box blowout. will results push it in the sector higher or a pull back on the horizon? we'll debate that. plus a high flier edition of would you rather. the traders are set to choose their winners. and later the options action by nvidia. why one wall street firm thinks

elie lilly will join the trillion air's club. puppies playing in the snow, cute, right? we'll tell you why this could be a scary new turn. we start off with the count down to retail earnings kick off. wal-mart, home depot get things started on tuesday with target, lows, and more coming in the week said that follow. the reports come as wal-mart stock is trading at record highs. the stock is up more than 8% this year, outperforming the s&p by more than 300 basis points. but it wasn't all good news on the retail front. shares of nike dropping as much as 4% today after announcing it would cut about 2% of its workforce as part of an effort to reduce cost by about 2 billion there is. how would you gamg the strengthen of the consumer helping into these retailorts in. >> first of all, you scared me at the top of the show. you channeled your inner -- >> naturally scary. >> well-done by you.

listen, we say it all the time. weather u.s. consumers will be spending is another question. but they clearly have been. look at master card and visa, transactions continue to go higher, suggests people are spending. the real issue is should they be? who wins? you mentioned wal-mart. quite frankly wal-mart 23 1/2 times next year's numbers which may see rich in the market i think it's reasonable. i'd much rather wal-mart than target at 16.5 times. the one you have to be concerned about here i think is costco now close to the 43 times, the report the week after next. that's the one i would be really focused on in terms of valuation. >> just remember wal-mart's last quarterly result, it dropped substantially. and the thing about drops and gaps up, they don't come in isolated moments. you typically get two or three. >> what do you want to hear from wal-mart? we've heard from interesting various trends from wal-mart in

the past in terms of getting higher income consumers who are trading down. consumables will be interesting this time with inflation down. what are you listening for? >> i think i'm interested in the mix and what people are most interested in buying right now. if there's more happening, if we're seeing more of the trade down into private label, that is always an interesting comment on where the consumer is trying to find value, because i think that's been clear is that consumers are willing to pay, but they want value now. they're not just going to buy any old thing. and i think wal-mart is well-positioned for that. >> mike, your take? >> we're long wal-mart, we're long target, too. to carter's point wal-mart had that 8% drop after they reported the last time. it's a little bit rich but not a big grower. target had some inventory issues and other things going on last year. they seem to have worked their way through that. that's 16.5 times. i think we could potentially see a bit more follow through coming

through their earnings. the interesting thing is target usually reports before wal-mart except for each quarter this year. last year this time target got a big move off of wal-mart's results, and i think there is a possibility we see next week, too. >> that's an interesting dynamic in terms of timing of things and you you setup tg going into the next one. >> about an week or go it was reported target is considering this membership program similar to amazon, which is fine. >> and wal-mart. >> and wal-mart. the question you have to ask yourself i understand it makes sense and you can get a recurring revenue stream, visibility, it should help your multiple. with that said, are they seeing something that's forcing them to sort of move -- change course a little bit? so i would look at that more a negative than a positive. i would understand a lot of people say you got it wrong, they're going where the flow is. i would say maybe they see something in their core business they don't quite like and they have to shift gears a bit.

>> if you want membership, too, you would have to think what a recurring consumer would purchase. and it would be less throw pillows, mirrors, and table lamps, julie. it would be more the staples of your every day life. >> yeah, exactly. that's what amazon has benefitted from is that regular core staples business. i think target only works where they're doing well with their throw pillows and mirrors or whatever. that's central to that story working and where they execute the best. >> i'm laughing because -- tim buys mirrors. >> i had mentioned the general merchandise one could buy at target and tim immediately said mirrors. >> perfect. january, february, all ready made the highlight reel. >>. >> you already made both, but if you had to choose which one do you think sets up better in. >> i like target this time

because of the multiple and they're reversing off some of those negative trends they saw last year. they were underperforming pretty considerably. one other quick thing about subscription based services, there are regular staple-type goods, things like coffee. i actually subscribe now via amazon in this case. so we just get our coffee delivered. this is something you buy all the time. it is not that perishable. i think you're going to increasingly see that type of thing. and when you're look both at dimtle and some of those type of items why subscription services and a subscription membership could start to make some sense. >> you've got to be careful, though, because they can skrak that price up, and it comes every month. which chart looks better? >> they're completely different. >> this is a reversal and bottoming and has all the looks of a bearish. versus wal-mart which has drops on last quarterly results and

now it's recovering right back to the scene of the crime which it dropped before. i would go target. >> in terms of the read on consumers, what are you listening -- we heard something interesting from mcdonald's and that was a lower income consumer was trading down, was not going there as much because eating out -- eating in was more affordable. >> and in 17 years i've been doing this we've never heard it from mcdonald's before which should be concerning. this is now a bit of a theme. to answer your question, it's not target. wal-mart i think has a finger on the pulse better on the retailers. remember i think it was two or so quarters ago the average income of wal-mart customer was $100,000 or more. >> right. it went up. >> think about that. i'm fascinated what they have to say. >> let's take wing stop. that can't be exactly the most high end operation.

the stock has doubled. ffs 150 in october. it's over 300. it's very case by case. the two big ones that are heavy are starbucks and daeks yeah, they're not participating. >> mike, how about you in termles of the read throughs to the rest of -- obviously these two giants setup for the next round after that, so what are the read throughs? >> some of the other type of earnings i'm looking for are home depot and lowes. we're dealing the homebuilder sort of trade, and of course that's a little hard hit. we also have something that affects home depots and lowes, and the wal-marts and targets not so much. and we're talking about the durables and things like that. we definitely see some softness, and i think that's a bit of a concern. heme depot although their violation is coming down a bit trading down 23 times which is

low for them. i'm not expecting really good numbers when i'm looking at those two. >> we've got a news alert we want to get to. phil lebeau has got the details. >> it is official. two members of icon enterprises will be joining the board of jet blue following the company's annual meeting later this spring. the two new members will be the icon enterprises general counsel jesse lynn as well as steven miller. they're going to be the observers to the board for the next several weeks until that meeting this spring, and then they'll join the board of jetblue. carl icon less than a week after announcing he has taken a 9.91% stake in jetblue, now has two representatives on the board of jetblue. this is something he has been in discussions with in the company as he started to amass his position starting in january. now we'll have to see what happens over the next several

weeks in board meetings in terms of what changes they can effect at jetblue. we already know what's happening with regard to the proposed merger with spirit. that's on an expedited appeal. separate from that, what will they be pushing for? i suspect, a lot of the things they're going to be pushing for have already been put in place, in motion by the ceo of jetblue. nonetheless they have two seats on the board to further emphasize the importance of changes in the way this company is run. >> phil, thanks. phil lebeau. that was fast. >> you knew that was coming. stay the course. they reported second quarter which was ish, right? since then it's rallied pretty significantly percentage wise. got the board seats. with him in your corner i think you can continue to own this stock and play it from the long stock. >> stock is up 1% after hours on

the back of this news. mike, i'm curious what you think the icon play book would be at this point since the options for the airline, they're fairly limited aside from just sort of internal improvements, expense controls, et cetera. >> that's going to be really important, right? because the forecast for the full year free cash flow was negative $1.1 billion, and they only got about $1.5 billion in cash. so obviously managing those expenses fairly carefully is going to be key. i will say one potential benefit is that we do have some control on the fuel side. that's always a big input cost, operational cost for the airlines. i think that's important. i think they kind of got a little bit short changed the industry i should say in terms of the anti-compete sort of assessment by ftc and others. but i think it's going to be all about cost controls. they're going have to keep that under control because obviously the cost of capital has gone up quite considerably.

>> let'sb bring in joe fellman. great to see you. >> thanks for having me. >> in terms of wal-mart we will be getting some commentary on the month, the weeks after the holidays. what are you looking for? >> yeah, we're hoping to see that the consumer has stayed resilient. wal-mart has described a consumer that's been trading down. they've seen more high income individuals shopping at their stores. and then the lower income shopper gnat they have has been trading down within categories. so we're curious to see if that's still the case. we're curious to see if traffic has been sustaining itself. they've been generating pretty good traffic. we think they're the winners for the holiday season and we need to continue that. >> we're seeing layoffs across a swath of industries. it's not manifesting itself in the unemployment rate but it's a matter of time. i think wal-mart wins this.

but costco, for example, which theoretically should make sense accepted its trading at 43 times next year's numbers, the stock trades rich, but is it too much i guess is my question. >> i've covered that for over 20 years and it's always expensive from a valuation standpoint, and yet that stock looks like the perfect stock chart you'd want to own for it long-term. we still like costco very much. the affluent shop tlz, the middlecome shops there, they offer the best value, and you really do get tremendous good deals for the membership price you're paying there. so i think costco is still one of the winners even in that type of environment where we do start to see -- and we have seen some of these layoffs. >> this is julie. i'm curious what your thoughts are in terms of execution in this environment versus just being in a certain income segment. which is more important to you right now? >> well, i do think execution is key. and the best retailers out

there, the big guys like, you know, wal-mart, costco, home depot, we see very good execution from these retailers. and i think that that is something that people are focused on. you know, expectations for 2024 i think have come down quite a bit in the past few weeks. i mean we saw the stock skyrocket once the fed, you know, sort of indicated a pivot. and now as they've pulled back on the timing of that, these stocks have started to level off and pull back a little. i think execution is going to be a good driver combined with the commentary about how they see the year shaping up, which i think they're going to talk a lot about it being a back half weighted year from a consumer perspective. >> how does home depot look to you, joe? you're saying you think the first half of this year is going to be kind of challenging. >> yeah, no, i think it's going to be much of same we've seen in the past several months for heme depot, for lowes, floor and decor, that whole improvement side of the market.

everyone wants to see the housing market ease up and get a bit better. i know home values are high which is a general indicator but the spending has been challenged. i think it's because people aren't able to borrow against their homes, they did a lot of projects during the pandemic you don't have to do right now, and show they're being more cautious with how they've been spending. we're probably going to see similar trends first half of this year. and second half hopefully that starts to ease up a little bit. and that feel like those stocks got a bit ahead of themselves since that move from december to today. they feel a little pricey where they are at the moment. >> joe, thanks. great to see you. mike, there you are, heme depot. do you think the second half gets any better? theoretically rates should come down, start to come down? >> take a look how home depot

and lowes, what their growth rates were before the pandemic. obviously as joe was talking about that's kind of an unusual circumstance. actually if you draw a longer term trend, you get up to about that 150, $155 billion revenue number, throw a 10% margin on that. so that actually isn't too far off the consensus numbers and that 23 handle. so i think it's kind of fairly valued here. we do own it, but i'm not really looking forward to the earnings numbers that much, because i think they're going to be a little disappointing. i think around 23 times, it's about fair and on trend for its long-term growth rate. >> joe was talking about how good the costco chart was and i immediately thought of cars. >> there is such a thing as so good it's bad. so at 47 times this they're getting the membership fees. but it's steep, uncorrected. >> so bad it's good. >> i mean there's a whole

segment around carter braxton. march 7th is when you report. i would say you probably continue own this into earnings. if i'm long the stock, though, ahead of that release which i think is after the close on the 7th you've got to take profits to carter's point. >> the street their 12-month price target. which means it's below. so on the fundamental side the people respondable for studying and getting it right and predicting where they'll be, they believe it will be lower. >> i feel this is the prime example you mentioned execution being in the right income bracket. costco on the execution side versus wal-mart -- wal-mart is also execution, but wal-mart being the right demographic right now. >> yeah, the level of execution we see out of costco is so inconsistent and speaks not just to the fact they have a great management team in place, but there are structural protections around their business they makes

it hard to copy it. we've seep a lot of companies, and it's really difficult. so i think there's something special to that. at this valuation, though, it's tough to say, yeah, i want to buy more. coming up is eli lilly set to hit the trillion dollar standpoint? plus super micro takes a super breather. we'll dive into the action and where traders believe this wild ride is going next. ths fast money with melissa lee right here on cnbc. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence.

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year. this is just one bad day. mike, the reversal is interesting. what to the options markets say? >> when i was on the floor trading natural gas, the kind of reversal you saw where you got higher and closed substantially lower was really a very, very bearish signal. we saw a lot of activs in the options. and when you consider this is an almost $800 stock that makes the busiest single stock option that traded today. right now the market is implying the stock could still move 15.5% higher or lower just by the end of next week. and the most active contracts that traded with 1,000 strike calls thatects pire next week and the 700 strike puts. the 6,600 you have here is just before the close. one quick point i would make is there's a real short squeeze risk in here, and i think that whether you're trying to bet one

way or another that explains why we see these very, very high options premiums. >> has there been damage to this up trend, carter? >> it's how you want to tell your story. for instance we could have a whole article that says smci collapses 30% from its peak. you could change is and say up 8% for the week. which is the story. people bought on the high today and already down 30%. there were people long last week and despite the volatility they're up another 8%. at the end of the day it seems parabolic to me. this was a stock sitting here at a price of $42 in 2015. and now it's a $1,000. sometimes you're loved but you don't stay loved forever. >> so this sort of underscores the fear maybe about the space in terms of the other big moves higher that we've seen that they could just go, you know,

good-bye at any moment on any little piece of news and we're saying this ahead of nvidia earnings next week. >> yeah, i think this is a function of these are still semiconductor companies. they're still capital intensive. they're still probably cyclical, and we still don't know exactly how a.i. is going to permeate through the enterprise. we know there's a lot of opportunity there, and we know that it takes a certain amount of leadership and ip in order to attack that market. but it's still really not clear to me what the size of the market is and what the profitability of that market is. when super micro reported they talked about taking pricing so they can gain market share. that's not usually what you're doing in a leadership position. i think part of the reason why we're seeing a lot of this volatility it's not clear what the earnings power of this business is, and so it's hard to value. >> bank of america initiated supermicro 1,040 price target

which made them on the high street i think it was yesterday. the low on the street is $250. think about that range for a second to carter's point about fundamentals and analysts getting paid to do this. the odd thing is valuation wise it's not as absurd as we've seen other companies but the parabolic move is. when you six times reversal yesterday with an rsi north of 95, and we never see, you never talk about. only when you have those types of extremes. the setup to me is not particularly good. >> wall street's target to start the year just hours ago, right we're only into this year for a few hours. it was 375. and now wall street has a target of 7500. what dee know is intraday reversals like this are not really good. it goes expansion and volume and

then reversals switching off, falling, you're out of gas. >> don't go anywhere. we've got more options action coming up later. all eyes on nvidia ahead of the tech titan's anticipated earnings. mike will be laying out a trade. here's what's coming up next. is elii lilly set to be the first pharma stock to join the trillion dollar club, we'll debate whether the company behind mun jaro and zep bound can stay ahead of the pack. plus the ultimate would you rather. from tech to fast food to make-up, who will come out on top? stay tuned. you're watching "fast money" live from the nasdaq market site in timesque. sar we're back right after nis. now. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms.

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and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. eli lilly topping the tape, closing out a monster week at a new high, nearly hitting $800 at the highs of the day. morgan stanley sees even more up side for the stock raising its price target toot a street high of $950 a share. that is 20% higher from a year.

lilly's market cap is just over $250 billion for making it the first health care company to reach the trillion dollar mark. there are a lot of readouts this year, mike, in terms of a lot of different trials for sleep apnia, for liver disease that could be a potential catalyst. what do you think? >> you know, it's interesting because you take a look at company like this that had fairly consistent but modest growth for a long time. i mean the company grew maybe 18% on the top line between 2011 and 2021, and now we're looking at that kind of growth rate anized. we talk about a.i. being a really big business opportunity. obesity is arguably an even bigger one, and i think this is just a company that's completely changed now. i mean if they actually are able to follow through on the diabetes and obesity opportunities, and of course that's also a big health solution for the country overall, i actually agree with

morgan stanley here. we're in this name, i think it's obviously had a big run. i don't know i would chase it right here. you probably will get a better opportunity, but this is now a growth stock. >> juli? >> yes, i mean it's an incredible story and we all understand the obesity epidemic is substantial. my thing is thinking about this business there are 77% of wall street analysts that have a buy rating on this stock. that always makes me a bit nervous, right, because what that means is expectations are so high. and so the level of execution required is that much higher. and it's the same thing where people in order to get comfortable with it need to know other drugs in the pipeline are also right there and on brand and ready to go. i'm a little nervous about it at these levels. but i think in the long-term the opportunities for these glp1s is tremendous. it has such major lateral implications for our health care system. >> so let's do this because you were mentioning analysts and do

it again. let's take the two most prominent -- on the street the two biggest forms, goldman sachs and morgan stanley. it's doctor so-and-so versus doctor so-and-so. what do you do with that? >> get a third opinion. >> maybe, well, for sure. >> you mention there's an obesity epidemic, agreed. you know what else, apparently? there's a vanity epidemic as well because quite frankly if we're being honest a lot of people are taking this drug for that reason and that reason only. and just i'll throw it out there because it's a friday. for example, eli lilly has a market cap 750 billion ish. must recollect, completely different company in the same world does $6 billion in the same revenue and has less than half the market cap. i understand the growth and all those things, that's great.

in order for eli lilly to justify those types of valuation you have to go from 50 in my opinion to about 150 to $200 billion to make sense in terms of the math. now, if you think that's going to happen, stay with it. and we've been bullish on eli lilly forever, but at a certain point you have to look at it objectively. >> do you bring up the vanity aspect of the drug because you think those sales are fleeting? as opposed to someone taking it for obesity -- >> which i totally understand and i'm sympathetic towards without question. but i would be fascinated to see the break down between the people that are taking it because they're clinically obese or statisticically obese as opposed to the people that are taking it because they have a wedding in three week and they want to fit into a tuxedo and/or a dress. >> the highest percentage of prescriptions for these glp1s is the upper east side. that tells you everything you need to know.

these are the people that need these medications, so they need them in order to stay skinny. >> so the market is enduring. so maybe the multiple is worth it because all these people are taking it, they're paying for it. they're willing to inject the barriers to taking this drug are very high, actually. if you think about it it's not as easy as popping an inexpensive pill. this is an injectable once a week you've got to pay $1,000 for per treatment. what do you think, julie? >> valuation wise it's tough for me to go in there and say i'm going to buy more right now, but i think the underlying fundamentals in this business are really compelling because it's such a large problem. how it plays out in our medical system, you know, what employer really wants to pay for this drug when the long-term health benefits may accrue to them when the employee no longer works for them. so i think understanding the pricing, too, is a tricky thing for insurance. >> i think it's a great thing

there. a quick programming note here, a new documentary i've been working on about obesity and the glp1 boom is coming. it's called the big shot, the ozempic revolution. so tune in. coming up the ultimate would you rather. we're pitting some of this year's high fliers against each other in a head to head face-off for the ages from big tech to beauty to burgers. plus nvidia could head a next week make-or-break earnings report. stay tuned.

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welcome back to "fast money." stocks sliding lower. the dow dropping nearly 500 points, the nasdaq dropping almost 1% to finish the week. door dash sinking 8% after last night's earnings report. posting a larger than expected loss for quarter. coin base, though, going in the opposite direction hitting its highest level in nearly two years. and last but not least american express shares hitting a brand

new all-time high, managing to finish out the day just in the green. carter, quick take on axp. >> well, this is a very sort of dull kind of thing, but it has the join the party at some point, and why not it? it never trades rich, always a modest multiple. if you have it, you hold it. >> meantime, we thought we'd have a little fun on this friday going into the long weekend with a game of the ultimate would you rather. we noticed a lot of stocks out there have had monster runs and they're actually trading at very similar valuations to some other names. so we wondered if you want to pick one which would you choose. so we start off with meta. even with it's 175% run over the last year, it's trading at a pe under 25. that is about where mcdonald's is. so which would you rather, guy, meta or mcdonald's? >> mcdonald's, i think.

i get it game i play it correctly. facebook valuation compel. they got their business order without question. but they blew through the prior all-time high of 380 in a meetingful way. you're on the verge of a parabolic move. whereas mcdonald's you've had pull backs but this to me slow and steady wins the race. i think meta is in for a disappointment at some point. with small and medium sized businesses slowing down, mcdonald's wins in that. >> julie, which would you rather? >> the profitability is exceptional, and they have an absurd amount of data they can use to train their a.i. models. and i think they're going to figure out a way to leverage that in a way that's super profitable. that's where i'd be placing my bet right now. >> then there's netflix. a forward pe around 35 similar to airbnb. carter, which would you rather? >> i would ratherdo netflix. obviously it's getting close to

being parabolic here, but at the end of the day this is a better business model i think than airbnb. fundamentals that is also important. of the two i chose netflix. >> mike? >> yeah, i think netflix also. look, airbnb obviously they've had some sort of black eyes lately. and we see some locales sitting there trying to see if they can impose the same sort of tax regime that exists for the hospitality area on airbnb. look, netflix just has a very leverageable business model. one of the things we're talking about in this case in these kind of cases or we're kind of chasing these stocks after they've had spectacular runs. but at least in this game we're dealing with companies trading at similar multiple. this one is easy for me. it's going to be netflix. >> let's move onto uber that hit an all-time high yesterday and

estee lauder. >> the move since october the stock has doubled, and i get valuation it's the whole thing but it's too much for me. this stock has been obliterated the last couple of years. similarly found their footing last quarter, similar estee lauder. and by the way it's the eve of tim's bicep. >> he's not even watching. >> completely different circumstance. estee lauder one of the all-time winners in terms of compounding and yet it's fallen on hard times. is it an early stage bullish reversal? i like them both. >> and finally tesla and palo alto their forward pe ratios are in the upper 60s, so, mike, what would you rather tesla or palo alto? >> yeah, i'm going is to go with palo alto here which is violating my holly index rule,

because i don't throw any stocks she favors into the dustbin. but the situation here is something julie was talking about before which is the palo alto networks is looking at expanding their margins, which i don't think is necessarily true for tesla. we've seen the earliest part of the hockey stick for evs. but i think we're hitting a plateau here because we need infrastructure. so i think they're not going to see good growth as palo alto likely to. >> julie, which one for you? >> i totally agree. in what world would i rather pay the same amount for a company that bends metal versus another that sells software. it's not even comparable. palo alto has the software to reach microsoft levels ultimately. the earnings power on this business is so much more meaningful over the long-term. >> i think we have time for this bonus. this one's a little bit different. general electric or the entire magnificent seven. carter's got some technicals on

the charts. carter? >> sure, let's look at them. pull the charts up right away. who would have thought the ge could be outpacing the magnificent seven, and yet it is. gone from 50 to 150, a tripleal. my hufrp here is to start taking profits if not exit altogether. ge too steep and incorrect. >> so you would rather mag 7. >> i wouldn't either. >> don't let him off the hook on a friday. n >> none of the above. coming up nvidia. can results beat the great expectations from investors. we've got an old school options action on the name next. plus just a couple of dogs on a mountain side record agpodcast. it sounds made up. that's because it is. open a.i. unveiling its latest a.i. project that you have to see to believe. we got the details ahead. "fast money's" back in two.

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welcome back to "fast money." the moment of truth for nvidia's monster run. the stock up 50% in 2024 and over 230% over the past year.

the analysts can't get enough. slapping a $1,200 price target on the stock today. and with investors eagerly awaiting earnings wednesday, can the powerhouse keep up with momentum. we're awaiting with the chart master. >> let's look at three charts. we know you have had substantial gaps obviously in response to earnings. you have that key gap a year ago, and now we've literally gone parabolic. so the question is is it steep. look at the same chart another way. we've blown out through the upper band of the channel in which it's been ascending. and yet one could say change the narrative. final chart, it's still in the channel and it's not that extended. my hunch is a lot rides on this, and i would go so far to say either this caps up and the market sets a high or it caps down and the market sets a high. >> you think the market direction will be dictated by

nvidia? >> think about it there's nobody left. this is the big one. they've all reported. it gaps up and then you get a quiet sucking sound, silence. what's next? market peaks or it's really a drop in gap and the market peaks. we have a mature immediate advance. >> mike, what's the friday in your opinion? >> right now the options market is implying a move about 12% by the end of next week. that's pretty much spot on what the company has averaged the last eight quarters. although you'll notice the last quarter the move was more modest. this thing is actually trading at a discount to its long-term forward looking pe. if it's ahead of itself in terms of its trailing pe, that tells you the street has been setting higher and higher prese targets. my think is it's a bit frothy here. i was taking advantage of the fact those short dated options werehighly priced and looking at a call calender specifically

the march, april calender taking in almost $40 for those 765 calls that expire march 13th. you're only going to lay out $13 a share. and i have feeling maybe those marches aren't going to end up in the money. >> what carter says does well in terms of the setup could be lose, lose, fails or they come out with a quarter that's not up to snuff, overextended, sells off 8 to 10%. broader market gets sold off with it. >> you could make the argument because we've heard from everybody else including their biggest customers, the hyperscalers which have largely rot reported pretty good results, julie, it won't necessarily dictate the direction of the market because we've already set that direction with the rest of the earnings that have already come out. >> yeah, but i mean i feel this

whole last week was pretty directionless and rudderless. i don't find investors generally have a lot of conviction, and it's not even the mag 7 anymore, it's more like the mag 5. there's a lot of fear still other than invid you and these others people can't get the earnings growth they've been expecting, and that's the real key. coming up, a new reality. what you're seeing here is a video of a woman walking in tokyo. or is she? there is way more than meet the eye to this scene. julia boorstin is diving into the latest a.i. offering. "fast money's" back in two. - really? - yes, without a doubt! - i don't have any anxiety about money anymore. - great people. different people, that's for sure, and all of them had different reasons for getting a reverse mortgage, but you know what, they all felt the same

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get a free line of unlimited intro for a year when you buy one unlimited line. plus, get the new samsung galaxy s24 on us. welcome back to "fast money." lunar new parades are a common sight this time of year, but this particular celebration never actually happened. it's a.i. generated from o openai's new tool. this new a.i. tool which to me seems terrifying. julia? >> it's pretty amazing. it's text to video generative a.i. can turn a descriptive sentence or two or three into a video clip that can be 2 or three minutes long. it can fill in videos or fill in

missing frame. the text prompt for this one is a cat waking up a sleeping owner demanding breakfast. looks like a video but that is generated by a.i. open a.i.'s expansion beyond texts and images does raise concerns about the potential for realistic looking fake videos to manipulate consumers especially ahead of the election. openai saying, we'll be gamging around the world to identify positive use cases for this new technology. today 20 tech companies announced a commitment. open a.i. saysit's also working to make sure a.i. generated content can be identified as such. they're building in a detection classifier and including metadata to tag sora created video. other potential concerns is they could intrichg on copyrighted

work, but company says it's only trading on licensed or publicly available content. while this new technology may not be threatening the lives of film makers just yet, graphic designers and animators, they may be concerned. >> that picture, though, of the woman walking through tokyo, that looked real. that could have been in a movie i think. >> now i am become death, the destroyer of worlds. oppenheimer. i don't want to get all mellow dramatic on a friday but this is e.rrifying, melissa le >> all right. up next final trades. at morgan stanley, old school hard work meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas.

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time for the final trade. let's go around the horn. julie beal. >> a girl and her love of fundamentals. it's a tale as old as time. target a great example those. >> wal-mart reports next week and target not for another two weeks but i like target going

into earnings. >> copper, a good week. i want to be long. >> it's a good thing you'll be here with your hand on the till steering us towards the horizon. >> thanks for watching fast. have a great long weekend. mad money with long weekend, ma money with jim cramer starts right now. my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. >> i'm kramer, welcome to "mad money", welcome to cramerica. i'm just trying to help you make some money. my job isn't just to entertain but to enter but call me at 1- 800-743-cnbc. there is a gaping hole in the american education system.