up or down. in nvidia. and this is a nearly $2 billion mas market cap stock. that's -- >> $2 trillion. >> $200 billion move. >> yeah, we also get fed minutes tomorrow. stock's finished the day lower today, though. that's going to do it for us here at "overtime." >> "fast money" starts now. indeed it does, jon. thank you very much. live from the nasdaq market site in the heart of new york city's times square this is "fast money." here's what's on tap tonight. a salty day for the chips. nvidia crunched more than 4% ahead of earnings. the rest of the sector suffering, so, is this the start of the thunder aring herd e exiting one of the most crowded trades on the street? we'll debate that. plus, china rebound. are things on the mainland so bad they're about to get good? we'll go inside beijing's push to revive their beaten down markets, and later, a collection of collectors.

how a heavyweight and veteran tv producer are trying to juice the memorabilia market. they will join us to explain how this nearly half a trillion dollar business can double in the next ten years. i'm tyler mathieson, glad you can be with us tonight, coming to you live from studio b at the nasdaq. on the desk tonight, dan nathan, guy adami, and we start with a chip wreck on wall street. shares of nvidia sinking more than 4%. the day before its highly anticipated earnings report. the stock seeing its worst day, by the way, since october, and it wasn't the only semi stock sliding today. supermicro, amd, and the smh chip etf seeing losses. still, even with today's drop, nvidia is up 40% so far this year. but is this the first sign of

the air being let out of the tires of the red hot semitrade and could tomorrow's results cause an even bigger pull-back. guy, let's begin with you. this is a company that has just lit the fire on wall street for a long, long time. and that's often the case. the kind of situation where, if there's a nit to pick in that earnings report, it's going to get picked. >> tyler, good to have you here. you're spot-on. and it's interesting. the magnitude of the revenue guides higher have slowly b been -- they've been slowing down, right? they've been getting less and less robust. it's not an indictment, it's just a fact. i mean, couple quarters went from 7.8 billion to 11 billion. a huge guide fshl. that was last spring. the guides are impressive, but i don't think impressive enough. to your point, that -- everybody's going to be focused on, i don't think necessarily the quarter, but the guide. and the lead times, i read over the weekend, are greatly

enhanced, in other words, what was eight or nine months are now down to three or four months. that means they are getting their act together, or maybe demand isn't as robust that everybody seems. we're going to find out tomorrow. but to your earlier point, that was the first crack in the armor for sure. >> yeah, i guess the problem, tyler, is that, you know, street estimates for 2024, the year that we're in right now, okay, so, this cheompany is reporting their q-4, fiscal, are expected to be up 70% on earnings and 70% on sales. so, the estimates are already really high, right? so, to guy's point about these decelerating beats, right, so, you have the situation where the -- it's just so high. so, if there's any slippage. every morning, i wake up to a new story, guys talking about, there's a demand issue, we keep hearing about their biggest customers, we talked about the customer concentration, it's microsoft, amazon, google, and meta -- >> nvidia sales, yeah. >> every morning, i wake up to a new story, how microsoft is trying to diversify away from

their dependence on nvidia. sooner or later, that will take a bite. and if there is a demand issue, that's when you actually have a guide lower, not a guide below what estimates are. so, to me, i just think that, listen, i think it sets up as not a great risk/reward. i would be better if the stock was just raging into the print and sold off a little bit. some of the steam coming out the last couple of days is probably a decent thing, but if you want a meaningful pull-back, you are basically not going to want to go into the print a little bit depressed. >> stuart? >> look, to your point, the expectations of fundamentals are high, but the positioning is also extremely bullish. this is one of the most widely owned stocks on the street. if you look at the options market, implied volatility on calls is higher than puts. that's very unusual to have going into an earnings print, so, expectations are high. the positioning is there. the implied move on earnings is more than 10%, which, if it happened, would actually move the s&p 50 basis points.

the bar's quite high going into this print. >> what -- what would a stumble by nvidia do more broadly to the entire chip sector, would it suck them down, a vortex, or a black hole or what? >> i mean, i think, yeah, it would have negative knock on other spaces. this is the bell wether, i don' know how to pick winners and losers in a.i., so, i'm just going to go with the pipes which is what nvidia is. >> broaden it out to the broader market. is there is market effect that could come if there's a slip here? >> this is one of the larger stocks on the market, yeah, so, if you are just going to have -- mathematically speaking, going to have downside. from a sentiment perspective, it would be a little bit of a knock on what we've seen. semis have been holding up the market, and if you knock that leg out, it has to spread. >> so, the smh, we talk about it all the time, go back, if we can do a longer term chart, you'll see that 160ish was a huge double top, made last july and

it sold off from there. since then, off to the races. so, past resistance becomes support. i think we close at 195. nvidia, to stuart's point, is 25% of that etf. think about that. you had taiwan semi, broadcom and amd, that's 50% of the etf is basically four stocks. so, is there a chance? listen, you're looking for a place to get into these names, god forbid something bad were to happen. and the level of the smh is around 160. you can do the math on the individual stocks. >> if there was a disappointing guide, you would have all their customers get hit, too, right? so, the guys who are buying these chips from them or have been buying them and causing these huge upsides, so, there will be knock-on effects, the semis will be the first. and then you're going to look at the hyper scalers. you were talking about broadening out, you know, the other megatrend over the last year has been these glp-1s. and we've seen that, lilly and novo have gained hundreds of billions of dollars, and they

are similar, very concentrated trades. and a couple winners that have taken a lot of the goods in this whole trade. and so, i would be worried that, if you were to see the semis, you know, fall over the next few weeks or so, you're going to see some of the very crowded trades that a lot of folks -- >> that o's a really interestin point. >> i do that every so often. >> every so often, you come up with a good one. they are sort of similar in the -- in the market power that they've delivered, in the gains they've delivered, and in the concentration of the -- >> yeah, listen, there haven't been too many other great stories in the stock market over the last, call it 14 months or so, and obviously a.i. and, you know, a lot of the related stories and the glp-1s. aside from that, we're going to talk about it in a little bit, look at how the stocks, lilly disappointed pretty dramatically just three, four months ago. walmart was one of them, had a huge gap. and look at the stock gapping to new all-time highs today on a sort of announcement that most of us, looking back on our

careers, wouldn't expect to see a 5%, 6% gap -- >> walmwalmart's size. >> my point is, we've seen a lot of euphoric behavior in a short period of time, really since late october. >> interesting, the walmart move, dan's right, that's a huge move by their standards. probably helped by the rotation out of technology into names like -- >> retail. >> maybe it's rich, compared to itself, walmart, but you can make the argument in terms of valuation. and the next question, which you were about to ask -- >> i was going to ask it. >> if things come out of technology where are they going to go? and i'm still of the belief that energy is a misunderstood and a -- industry that is not representative in terms of where the valuation should be, i still think they're way cheap. you are getting rotation out of tech, you get it into energy. >> thoughts? >> yeah, look, i think this goes back to, if you think early in my career, something like monsanto, this is one of those beaten ray stories with the new technology. if the beats doesn't raise, the

stock opportunities to get hurt. and that's the risk you have around the lillies and tin vid the nvidias of the world. it creates the risk around those stocks. >> let's pivot a little bit. we'll have more on the chip trade later in the broadcast. the options action on nvidia ahead of heearnings tomorrow, stuart mentioned it. let's move to palo alto, that stock getting crumples. lowering its full-year guidance. shares are down 19.18%. that is despite beating on the top and bottom lines, but the estimates -- the guidance not so happy there. kate rogers has the details. >> all about that guidance, tyler. despite a beat on the top and bottom lines, palo alto networks down 20% inthe jach hours trade. the company issued weaker than expected guy dance for revenue and billings. it is guiding to full-year total

billings lower than its previous guidance of $10.7 billion and $10.8 billion. it expects revenue to range between 7.95 to 8 billion. that goes back to 8.15 to 8.2 billion. analysts expecting the company to guide to fiscal third quarter revenue of 2.04 billion, but palo alto expects revenue to range between 1.95 billion and 1.98 billion, so, lower there than anticipated. palo alto's ceo will join jim cramer on "mad money" tonight. much more to come. back over to you. >> kate, thank you. let's trade palo alto, beginning you with. >> it's the guide. basically, three months of gains, ish, from early december, wiped out like this in terms of the move we've seen in the last ten minutes, which we say it all the time, stairs up, elevator down. it's the guide. when you're trading at 53 times next year's numbers, you better

continue to beat, and raise, otherwise, you're going to get punished. we've seen moves of this magnitude before without question, go back and look. we've had a huge run over the last couple months. again, i don't think you are looking to figure out where to sell this, you are looking to where to get back in. we took off from 283, which is $13 from current levels. that's the level to get back in this name. >> this is not too different from nvidia. coming into, like, today, you know, expectations were for basically high teens earnings and sales growth for this company. you disappoint just a little bit -- >> how bad -- >> it didn't look that bad, but the stock's down 20%. just think about that. so, the stock is down more than $20 billion in market cap, which is 2x what they are expected to do in billings this year. and, i mean, it's important. that math doesn't really matter, but it just -- to think about that on a reaction to where expectations were high, you basically come in line, they're not guiding down, really that much, but this is not on the cheap, the company came in and

delivered to the guidance they gave three months ago. the part of it is, we're going to see that investors were just out of whack a little bit over the last few months. they were so convinced what the fed was going to do. they were so convinced about the strength of this economy and they piled it into the things they thought would work the best, so, i really think that now that we might be in this narrative, higher for longer, may not get nearly as many cuts as you expected, i think investors are going to have to rejigger what to pay for in terms of valuation in the stock market. >> yeah, i think that's exactly right. the inflation principles have forced people to re-eningineer their portfolios a little bit. it's a bit of a weak situation. people are questioning some of the high consensus trades they had coming into the year. so, look, if the s&p was up 150 bips today, maybe they would have performed better. >> you are constructive on stocks? >> yeah, we are. we are actually quite

constructive. the economic backdrop, the earnings backdrop remain very positive. but the fact is, the inflation data, you know, cpi, ppi, have forced people to, i guess reintroduce themselves to a risk they felt they had left in the past. and when you do that, then you look at your portfolio and maybe the stuff that's outperformed by a bunch or the stuff that has a wart on it in terms of fundamentals are things you lighten up on. it could be that palo alto step into that trap. >> nvidia would be another one, where you would sort of go, well, i've got a triple in this stock, so, maybe iwant to take a third of my winks right now, i mean -- >> yeah, to me, the difference with nvidia, a lot of people view this as a must-own for the a.i. theme, so, my guess would be, you'd have to have pretty good support for that stock, assuming they didn't really step in it. >> this might come as a surprise, though, but there are other tech cycles in the last five, six years, where nvidia was a must-own. cryp mining, ar, vr, the stock

has been the it stock to own. take all of those combined, magnify them by ten or something like that. we just gained at its highs on friday, $800 billion plus in market cap this year before the company even said anything, okay? so, like, my point is, like, i've seen this before. >> $800 billion. >> i know how it ends. i don't know if it goes to $2 trillion first and gets cut in half. it will happen at some point. i mean, just take it to the bank. the stock lost 70% from highs in 2021, because all of the great narratives were wrapped into one. investors were geeked up about all of it and it crashed. >> and it could happen again. >> but this time is different. i know, i hear it every day on twitter. all right, let's switch to retail right now. we've talked about walmart a moment ago, and it is jumping 3%, home depot eking out a gain after fourth quarter results. largely beat the street's expectations. walmart getting a boost from cost conscious shoppers in the

holiday quarter. the ceo sat down earlier with jim cramer, and here's what he said about the consumer. >> people are always looking for value, and so, we want to offer that to them across our entire assortment, food, consumables, general merchandise, apparel, everything. and we also want to do it with private brands in addition to brands, and they both matter. and we've done a good job, i think, of keeping our prices in a good range, and trying to provide some relief from the inflation that our customers have been experiencing. >> you can catch jim's full interview tonight at 6:00 p.m. eastern on "mad money" with dough mcmillon of walmart. for more. let's bring in former walmart u.s. ceo bill simon, currently sits on the board of darden restaurants and hanes brands. bill, welcome. >> good to be with you. >> let's say you are back at walmart today and you are probably doing high fives, pretty good report.

>> yeah, you know, really doesn't get better than that. those guys have done a good jobs it's really important, you tell them what you're going to do and then you actually do it. and then you tell them again and you do it again, and that's what happens. and i think they've done a good job with that. >> is the economy, and the consumer, setting up to favor -- just -- is walmart in a perfect place for where the consumer and the economy is today? >> well, the company was built for times like this and an economy like this. they've got a real nice tailwind with food inflation that's been pushing them along. they are just so able, as doug mentioned, to deliver on the value proposition that the customer is looking for right now, and, you know, when half of the customer's disposable income is in food and rent, you are looking for a break, and walmart's been able to do that. >> what do you make of the vizio deal? how does it fit? >> yeah, it's kind of a head scratcher for me. wal

walmart's exactly 0 for, well, forever, on things that they've bought that are not retailers, you know? kind of got jet and bonobos and kind of hard to figure out what they're doing there, with the competitive brands that they sell, but -- you know, i -- it's hard to second-guess them, you know, they've really done a great job repositioning themselves, so, they must have a plan. i know they said they want to try to build their advertising business, but we'll see. >> how big -- how big a factor going forward will the advertising business be? i wasn't even aware they were that big in advertising, but evidently they are. >> well, you know, if you look at their business, it's still retail. it's still just a massive retail operation. and you kind of look back at the last ten years, over the last ten years, they've added $200 billion in top line sales, top line revenue, a lot of that is through third party online. but they've made a billion

dollars less, operating income ten years ago was $28 billion, this year, last year, they reported $27 billion. so, they're in the process of restructuring from that hard core brick and mortar asset driven retailer into other areas where they think they can be competitive in the technology space, and advertising is important for that. >> target's rallied 45%, understanding that the stock is still nowhere near its all-time highs. they report on the fifth of march. can you draw any conclusions for target from walmart? >> you know, i like target. brian cornell is a really good retailer and a good leader, as well. so, i think they're well-positioned. the biggest difference between walmart and target is their food mix. i mean, target doesn't have the grocery business that walmart has, and so, they don't have the inflationary tailwind pushing customers into their store. they're more general merchandise and apparel and fashion. those categories have been

struggling. but that's going to turn around. the inflationary headwinds are easing, you know, so, the push that walmart's getting is going to abate. and people eventually got to buy clothes, right? and they've been reluctant to do that because of lack of a disposable income. so, i think the tide is going to turn for target. >> bill, you just mentioned that the vizio deal is a bit of a head scratcher. we've long opined on this desk, when we look at amazon, what they've been able to do with advertise, it's been a monster. and to me, it would make more sense to look at a much bigger deal like a pinterest or something. if you really want to get into digital, and you are doing half a trillion dollars of sales a year and you have a half a trillion dollar market cap, it seems like, stop messing around with the smaller deals and really get in there and go after it. i'm curious how you think about that? because you mentioned the jet deal, which, a lot of folks said didn't really work, but it did kind of re-center their focus on digital sales when they made that deal. >> yeah, look, i'm not going to second-guess those guys, they've

done a really good job with pretty much everything they've touched recently, so, while i might scratch my head, maybe that's why i'm at home and they're still working. >> all right, bill, thank you very much. appreciate your time tonight. thank you. >> all right, you bet. l >> stu, take a whack at this one. >> i would say that these retailers, walmart and target in particular, early on in the sort of inflation cycle, they were canaries in the coal mine for input cost inflation. they are a bit in terms of the consumer's ability to spend. you can look at this print, consumer spending remains strong, or consumers are being forced to trade down. i'm going to kind of decide to focus on the positive of those two things, but you know, and from our perspective, one of the key reasons we're positive on equity markets, the labor market remains strong, wages are solid, and consumer and services spending are holding in, so, if you are in my seat, you're going to read this report positively, as a positive sign, but i can definitely understand some people taking a step back and saying, wait a second, is this evidence that people are being forced to trade down a little

bit? >> all right, we're going to take a break here. coming up, we've got more earnings alerts for you. shares of toll brothers, caesars, and more on the move after reporting this afternoon. the details and the numbers straight ahead. plus, a check on china, as stocks continue their winning streak, so, is the country's recovery finally starting to materialize? we'll debate that when "fast money" returns. you're watching "fast money" here on cnbc. we'll be right back. meanwhile, at a vrbo... when other vacation rentals are just for likes, try one where you'll actually like.

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welcome back to "fast money," everybody. we've got an earnings alert on toll brothers, a beat on the top and bottom lines for that big home builder stock, up almost 3% afterhours, 2.85%. diana olick has the details. >> toll is still benefits from the lack of existing home supply and the fact that it is a luxury builder. and the buyers aren't as effected by small changes in mortgage rates. toll delivered 1,927 homes at an average price of $1 million. net contracts up 40% in units and 42% in dollars, compared to last year's first quarter. the ceo said they saw solid

demand in q-1, which ended january 31st. s since mid january, they have seen a marked increase in demand. adjusted gross margin in the quarter, 140-basis point increase. they estimate q-2 deliveries of 2,400 to 2,500 units. now, builders are pulling back on incentives. analysts on in the last hour said what we're seeing is the market accelerating into the spring, saying there might even be a pull-back in buying down mortgage rates, and that's how the builders did so well last year as rates were rising, ty. >> all right, diana, thank you. and we've got some breaking news now on a new entrant to the dow industrials, doesn't happen all that often. let's go to kate rooney for the details. >> tyler, we have two new dow components, the first one is amazon. amazon is replacing walgreens.

walgreens/boots alliance, as a dow constituent. we have uber. uber is joining the dow, replacing jetblue airways. two new members of the dow. amazon and uber replacing, again, jetblue and walgreens. big hnews. we don't get that every day. >> the amazon story is the dow 30, right? the dow industrials? >> yes. dow industrials, right, dow transports here is uber, exactly. so, let's see here, yep, that is correct, and it says reflecting the evolving nature of the american economy. so a big story here, obviously, amazon reflecting some of the consumer retail exposure and other areas, obviously, the a.i. story has been big. the aws story has been the growth engine for amazon. reflecting the changing american economy, as amazon is reflecting booming e-commerce and a.i., as

well. >> kate, thank you very much. gentlemen? does -- >> i got something. >> does it matter? >> in 1999, to reflect the change in the economy, microsoft was added to the dow jones industrial average. and then in february 2008, to reflect the change in the economy here in the u.s., bank of america was added to the dow jones industrial average. >> a little bit behind? >> maybe it's a timing tool. >> timing tool, yeah. >> well, our crack staff back in ec, and they are a crack staff, can pull up an iyt chart, look at the potential for a double top. see where we're trading at now. look at the move that uber's just had. $160 billion company and you say to yourself, you know, they say nobody rings a bell at the top. well, that actually might be a little ting ting ting of a bell. just bookmark this news. i think it's interesting. >> our producer just pointed out that in 2022, what was it you

said, amazon split 20 for 1 -- >> you're looking atme? sandy was talking to you and you're talking to me. get sandy in my ear and i'll answer the question. anything's -- >> throw me a life preserver. does it matter if a stock -- do more people buy a stock because it's in the dow or not? >> i mean, it's not a benchmark that we widely track. >> yeah. >> it gets a lot of attention. i don't think amazon is a stock that people don't own already. >> yeah, so, the question would be, like, do indexers have to buy it because it's in the dow now? >> there aren't many indexes pegged to the dow. okay, well, thank you for helping me there. >> trying. i mean, we are breaking the fourth wall. somebody's talking to you in your ear, bringing it up -- >> so, 20 to 1, the stock is trading, whatever, $167, it is a price-weighed index, so, they wouldn't put -- that's why

berkshire is not in there. >> $2,000 stocks, they -- yeah. that would wag the dog, as they say. >> all right. there's a lot more "fast money" to come. here's what's coming up next. the china trade heats up, as stocks overseas notch a sixth day of gaines. so, can the winning streak continue? or is this overseas opportunity getting overbought? plus, what's in your wallet? a credit card megamerger. capital one scooping up discover financial in a $35 billion deal. but will regulators charge into the acquisition? we'll debate. you're watching "fast money," live from the nasdaq market site in times square. we're back right after this. ach your goals. i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. nature's bounty hair growth.

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is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. welcome back to "fast money," everybody. stocks in china rising for the sixth straight session, after the country cut it prime lending rate by a quarter of a point. the csi 300 now up nearly 10% since hitting a five-year low earlier this month. the bigger than expected cut, the largest move ever for the rate. it was introduced in 2019. and it comes just days after china's central bank held interest rates steady, as

lenders look to stabilize the country's sinking market. so, how do you look at this recent move higher, stu? >> looks like a little bit of desperation, i would say, on policy makers part. this is the most negative i've seen institutional investors towards china in my career. people are worried they are not allowing the selling. you have gdp and lending and credit challenges and long-term, you have, you know, population and diversifying supply chain, so, it's really hard right now for investors to find anything but a short-term tactical trade. >> is it investable at all for an american individual investor? >> if you hide behind enough risk. anything is investment. yes, it is invesinvestable, but conversation is, where else in asia to put your equity risk on, korea, japan. because people are just not confident to catch any sort of falling knife. they've been burned multiple times trying to time, you know, the rally, and i think see these

sort of medium and structural challenges that just make them really uncomfortable. i don't think they trust local policy makers to look out for their interesting, either. >> nor should they, when they have a government-controlled -- >> they shouldn't trust them at all. but is it tradeable? that's the next question. investable, definitely not. but tradeable has been the question on the desk. and i think, if you go to an fxi chart, that closed at 22 and change, that 21 level was the line in the sand, go bag to the financial crisis, go back to october 2022 and the recent low a couple weeks ago and you have a tradeable bottom here against that 21 level. if you don't like the fxi, alibaba, 68, 69, they reported earnings a few weeks ago. i think you trade it from the long side. i think you understand your risk, it outweighs -- i think the reward right now outweighs those risks. >> interesting. thoughts? >> okay, alibaba is 90%, tensent is in there, a couple of large

banks, you know, the government has done a job on a lot of the tech companies already, they're going to support the banks, a lot of the easing, so, to guy's point, the fxi is probably a decent way to play, you know where your stop is, just stop it out at those levels, it's probably just below 21ish or so, and you are buying it here at 23, and you just keep raising the stock. i think to guy's point, it's tradeable. we get fillets when we use that term uninvestable, tyler, but you know, trade it. >> okay. okay, go ahead. >> yeah, see. what is that -- >> easy for you to say. coming up, we're charging into the big credit card merger making headlines today. capital one inking a deal to acquire discover financial, but would a deal actually be a benefit to consumers? and could that old baseball card collecting dust in your childhood closet be worth more than you realize? there's a new venture that can help collectors cash in. the people behind that site ahead, when "fast money" returns in two.

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welcome back to "fast money." stocks kicking off this shortened trading week in the red, though closing well off the lows of the day. the dow dropping 64 points, notching its first back-to-back daily losses in nearly a month. the s&p down more than half a per percent, and the nasdaq down nearly a full percentage point. and just crossing the last few minutes, amazon will replace walgreens/boots alliance in the dow jones industrial average, that becomes effective february 26th. uber being added now to the dow transports, that will replace the beleaguered jetblue airways at $7 a share. mean while, capital one announcing plans to acquire discover financial. discover rising more than 12%, posting its highest close in nearly two years, while cof pulled back on the news. so, will it be to discover or could regulators block this

deal? kate rooney has the latest. >> hi, tyler. yes, this deal combines two of the biggest cheaps in the credit card space and it is expected to see some regulatory push-back. they are positioning this as a way to create more competition in the payment space with a stronger alternative to visa and mastercard. discover is a bank, much like capital one, but it runs a card network, but that has been in a distant fourth place behind visa, mastercard, and american express. capital one says that it is going to move some of its card volume onto discoverer to help grow that network, and in a note in this morning, the deal could face gale-force headwinds. but there are some in washington who are wary of visa and mastercard's duopoly, which suggests that bolstering a competitor would be viewed positively. senator elizabeth warren chiming in on social media, saying that

regulators must block the deal imme immediately. capital one will fight those potential legal battles. executives expect to add 25 million card holders here, $175 billion in purchase volume in the next couple of years. and $1.3 billion in cost savings. tyler, back over to you. >> all right, kate, this very much. gentlemen, any thoughts here on discover and this deal with capital one? >> go ahead, stu. i'm going to read this tweet, go ahead. >> i think for my perspective, you have a relatively m&a deal, you do that relatively positive for the market, because that's been such a challenge to get that done. no view on this specific deal, but just in the industry, being able to get a relatively large deal through, you saw, you know, elizabeth warren's comments there already pushing back hard on it, so, i think that will be a positive, i think in the bank space at large, people have viewed a potential trump presidency, deregulation that might go along with that and the potential for more m&a is

positive, but it kind of plays into a market narrative that's out there right now. >> i don't pretend to understand anti-trust law here, but there is an interesting argument that, well, if this helps a third or a fourth player get stronger in a business that is dominated by two players, isn't that helpful to competition? >> should help competition, which flies in the face of elizabeth warren, who said today at 1:14, the merger of capital one and discover threatens our financial stability. that's pretty, you know, hyperbolic, could increase fees and credit costs for american families. personally, i don't see how this goes through, given the headwinds you're going to have just on capitol hill, so -- and our orld, there's something called risk, and there's probably a play here for people to play discoverer from the short side, but i don't think it's going to happen. >> it's interesting, this is almost on the anniversary of the, you know, the banking crisis that we had last year, where we lost a handful of some

regional banks, and discover and capital one were kind of right in the mix, at least, of the names that were being punished at the time, relative to the large money center banks, so, it's just interesting how quickly the their tichs can change. and i think i'm with stu here, too, like, listen, these guys knew what the regulatory headwinds were going to be going into it. >> yeah, they had to. >> maybe it's a bit of a bet. i don't know what the breakup fee is, the disruption of the business is and everything like that but the bet is there's a different administration that is going to be a bit more, you know, amenable, open to these sorts of deals, and therefore you might as well get it on the tape now and see what happens. >> what's in your wallet, discover will find out. return of the collectors what may be the most widely recognized baseball card in history. that is the highly prized 1952 mickey maptle. that would be le, not el, card. want to place a bid? our next guests are launching a platform that could bring together big collectors. that is next.

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welcome back to "fast money," everybody. a home for collectors. that's what our next guests are hoping to build for what they say is just the beginning of a booming business in memorabilia. they say the market is set to hit a valuation of a trillion dollars by 2033, that's more than a doubling from here. wheelhouse ceo brent montgomery and 776 ceo and reddit cofounder alexis 0 rain yan are with us. alexis, what are you attempting to do here? build a marketplace, or a community, or both? >> first and foremost, a community. and you don't have to look too far in my background just to see how much i love collectibles. i have -- since i was a kid, and it's been a hobby that rediscovers six or seven years ago, when a buddy of mine said it was starting to come back. and i went deep. video games, cards, i mean, it's -- we've got a whole room,

whole office full of this stuff, and the first thing i did naturally was go online to, you know, social media websites, hit the search, and what i found were so many communities online of collectors, but no one place that was intentionally designed for them to come together, whether they love trading cards or other collectibles. we have a chance now to build it with mantle. >> this could be trading cards. you brought some collectibles, i'm going to ask you about it in a moment. this could be trading cards, pez dispensers, this is create a community. again, i want to go back. is it also a marketplace, a place where you can trade, buy, and sell, or what? >> no, there's plenty of places for that right now. we wanted to create a spot where both collectors, investors could go that focused on giving the best user-generated content, which is alexis' forte, and now myself, a collectible guy, on

shows that have been around collectibles, and to your other point, it's starting with sports cards first, a lot of fun to work with alexis and it rate in one vertical, and then we'll expand it to pez dispensers, beanie babies, music, so on. >> so, there's this fantasy, i think, that i'm going to find in my shoe box or in my attic the card, and you take us through a couple cards, the card that is going to make me a billionaire. and -- does that happen? or do you have to really be a serious collector to make money in this area? >> when we launched "pawn stars" in 2009, people were going to their attics, their garages to dig out stuff. and yes, it does happen. we dud a show with a guy where we found a $3 picture at a five and dime store that turned out to be the second ever picture known of billy the kid, sold for, i think, north of $5 million, so, it does happen. >> alexis, i want to come back to you in a minute, but brent, i

want you to show us what you brought that are highly prized. why don't you start with the beatles record, that single? >> so, this is "love me do." which paul mccartney said was the song that really took the beatles from starting to do well to going over the top. and of course their monumental ed sullivan show not long after that, and that -- this record here goes for about $32,000. >> $32,000. and that is a single. that's called, for my son, that's called a 45, right? >> well -- >> is it? >> yeah, it is. it is a 45. >> and for daughters and sons, i think you see now with taylor swift, her stuff's moving double of what it was last year, fewer records are being produced, physical, fewer cds, and so, the actual value of these getting them signed is more than it would have been historically. >> show us the mickey mantle card. what is that one? >> yeah, we named the platform

mantel, where you put your favorite stuff, right? the fact that maybe subconsciously, it was an ode to mickey mantle, as well. this is probably the most famous sports card there is, and it's beenny why it's so valuable. he -- you though the story, dan? >> no, i'm just enjoying it. it's amazing. >> basically, topps, which produced this card, decided that their next -- their next run was going to be more valuable, so, they dumped thousands of sets of -- 1952 topps into the ocean to make room in the warehouse. the limited scarcity is what drove the price of the card. >> alexis, you are obviously collecting cool things. what is it about investing that you've learned that's kind of drawn you to this market? >> you know, i'm an early stage investor, and i've been very fortunate to have been, you know, one of the first companies in instacart, ro, and the one

skill i have in life is identifying opportunities early. usually about ten years before the rest of the world does. obviously creating reddit, but even in this, and what we saw during covid was obviously a big explosion of people, finding this sort of, tapping into this nostalgia again, but some of this is, in a way, financial. i do now have for sure the largest collection of serena williams rookie cards, because, you know, six years ago, i get back into the hobby, and i realize, well, if i'm married to picasso, i want to make sure all the great-grandkids get to have the collection. this is a very valuable card. this is her most valuable card. but i also have, like, the first video game i ever bought, and it's a sealed copy, no one in the world would want this game other than me, because it reminds me of a whole world that opened up to me thanks to video games, which got me into program, which got me into r reddit and everything else. it can be purely sentimental, it can be, you know, a long-term

investment that you'll never sell. but what's so fun is, i think, for a whole generation of us, we get to tap back into something from our youth that just brings us joy. like any other piece of culture or art would. >> people love collectibles. they just love them. right? >> well, it takes you back to, you are at a game with your father, you went to a concert with your mom, and to be able to have the ticket stub, or something that was signed at that event is -- it's just so much different than a typical investment. >> brent, thank you. alexis, thank you. more "fast kwtsz in two. and more about discovering magic. rich is being able to keep your loved ones close. 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.

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fast reliable speeds right where you need them. that's wall-to-wall wifi on the xfinity 10g network. let's get one more check on the new movers in the dow indexes, or moves into the dow. amazon is set to replace walgreens in the industrial average. the change prompted by walmart's decision to split 3 to 1, announced late last month. that reduced the retail giant's weight in the index, and walmart will remain in the dow, by the way. the change will go into effect one week from today, on february 26th. that's amazon in, walgreens/boots booted. up next, your final trades. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. - "best thing i've ever done."

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let's go around the horn. stu? >> we like the s&p equal weight. we are going to stay with that theme. >> dan? >> fxi. >> gfxi. guy? >> stud, you. coca-cola. my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a moment of summer and i promise to help you find it. mad money starts now. hey, welcome to mad money. i'm just trying to make a little money. my job is not just entertain but try to explain what's going on. call me. sometimes, very rarely but sometimes we have no idea how to value a stock. it just eludes