private company. to listen to the full interview, scan the qr code right there. check it out on my podcast. man nest space. all right. will do. and then on cnbc and in the markets, the economy next week we, once again have bank earnings on friday before the bell. >> and cpi, ppi and fed minutes. that's it for us at "overtime." >> "fast money" starts now. ♪ ♪ in the heart of new york city's times square, a stock surge that us scratching our heads. indices rebounding from yesterday's sell-off in a big way with a slew of evidence that the fed may not cut rates anytime soon. what gives? we will try to decipher the action ahead of a busy week. a high energy trade. crude oil hitting the best level since october. the s&p energy sector at all time highs. how should you play the moves. later a rally ten years in the making. the chart master has his eyes on

this name that just recouped a decade's worth of losses. what it is and where he says it is going later this hour. i'm melissa lee. tim, guy, mike, julie. a perplexing end to a volatile week. stocks surging friday with the s&p gaining 1% and erasing yesterday's losses. the dow and nasdaq higher today. gains after a hot jobs report push the prospect of rate cuts further down the road, the economy adding 303,000 payrolls in march, 100,000 above expectations. it took it to 50/50 right now. add to that hawkish talk out of the fed. central bank governor adding, saying another rate hike might be needed, a hike might be needed if inflation remains high. we will get more data on a that next week with cpi and ppi reports on calendar and the kickoff to key one earnings season if that wasn't enough,

the ground was shaking under investors' feet when a 4.8 magnitude earthquake hit the new york, new jersey area. after a hot jobs report, an actual earthquake. what happened today? what happened? >> and mercury's in retrograde. guy is a little moody. apparently that's one of the by products. and my wife tells me the locusts coming and we have an eclipse next week. take cover. we question whether it was the geopolitics that were front and senator yesterday, whether it was the course of fed speak, and again i'll just say it was the co chorus of fed speak. after the fed lit the market on fire, they had to dial back this week. when you have a payroll number was goldilocks, you have a combination of you had wage growth but not too high, a better participation rate for the labor force, which is very, very good. you have a payroll number that comes after a day we questioned whether the fed was not going to

let the economy breathe and was going to squelch it out. i think very impressive. the fact that earnings season is next week with a couple of inflation prints you have everything to take the market higher. i know it seems you have a dynamic where this was a week where it was glass half empty on almost everything and yet look at that finish. i'm half full. >> throw that on top of the fact that clearly tim is playing hard today. i appreciate that. he shows up. >> there is no i in the word team. >> let's not get carried away. if you told me all these things, given yesterday's action like down another 50, 60 s&p handles, we are not. the gold market should have sold off today. the gold market went higher today. bonds traded up. so many -- yields traded up, i should say. strange things. the one thing that stuck out to me amongst all the things we talked about, the fact that the vix effectively closed unchanged. i think it's still has a 16

handle which is remarkable given the run that it's had and historically -- when i say historically, the last couple years, a day like today, would have bhn down a couple handles easily. >> that warning yesterday, from the cia, saying that iran may strike israel in the next 48 hours. that's on the table going into a weekend, mike, we saw stocks higher. that also didn't seem to make any sense. >> yeah. i think what guy because talking about with respect to the vix is interesting. so even today's big rally, 1% move today, 1% move yesterday, if you just take look at the past 30 calendar days, you know, really the s&p is moving with about a 10% implied volatility, lower than the vix is currently implying. and what that tells me is that some of these concerns that we're talking about like the possibility of, you know, conflict between iraq and israel and iran is something discussed, that environment shouldn't necessarily be good for

equities. the economic data -- this is what tim was speaking to -- has been pretty good. as long as we are running as big a fiscal deficit as we are, that is the propellent that can sort of make up for the monetary propellent we had in prior years. i am not necessarily saying that's a good thing from a budget perspective. but it is an element that helps support risk assets. >> the unemployment rate under 4%. participation rate went higher. first time it happened in a while. are you also glass half full? the growth is there, this jobs reporting is telling us. >> what i'm encouraged by i find it frustrating when we kept having good news is bad news because the focus is so much on the fed and what it really comes down to for your long-term stock returns are what's happening with earnings growth. i think the jobs data is showing us this is a very resilient economy that can handle a major increase in interest rates and still deliver. so the question then becomes, is what does the earnings forecast

look like for the rest of year. and i think if we look to what happened in 2023, most companies were worried about a recession and they got themselves pretty trim and fit. so i think we start to see the benefits of that from a margin standpoint going into 2024. so it depends on the company, obviously. i think we are in a good position economically speaking. >> on this beautiful friday, i don't want to be the debbie downer, but since i play that role typically, i mean, obviously, look, a lot to love. 3.8% in terms of the unemployment rate. here is one of the reasons i think yields might have gone higher. if you look at the trajectory between full-time jobs and part-time employment, they are crossing over the wrong way. part time employment going through the roof. full-time jobs are going down. this is just my interpretation, people need more jobs, two jobs, because we are trying to combat inflation any way they can. that wreaks the fact that inflation is still a huge problem. >> you want to find --

>> of course i do. but i started by saying it that way. >> right. that was the thing. >> yeah. >> well, yeah. >> so, let debbie have his way. i think you have got a case here though, if rates are higher and there is a backdrop we know there are sensitivities to the equity market in higher rates, whether it's 4.5, 5 again, this week was also interesting. microsoft got all-time highs. upgrades of meta and google. whether it's fab four, super five, you know, less than seven, but in addition to the 493, the fact that we could get the 12.5% earnings growth that the market is expecting and even if it comes from this group of stocks that are gonna do better when rates move higher. for the market to move higher, you need that participation. meanwhile, again it was a week where lock at airlines, delta, you know, talk about united, they have issues, banks, industrials, look at transports, i mean, the participation is here and it's not just that, you know, energy and health care

which have particular drivers behind them. i think it, you know, it is a market that's getting everything. >> are you bullish on the markets? are you reluctantly bullish on the markets? >> very reluctantly bullish. i don't think you are chagsing here. we know the money that's on the sideline in terms of money markets and whatnot. and i think it is kind of that wall of worry that makes me feel like we have to go higher. i point this out because we are talking about mercury in retrograde and talking about all these other things that are astrological. this is one of the best investment times of the year. april is one of the best months of the year, especially for the nasdaq. and especially for megacap tech. it's hard to ignore that. then we get into selling mega -- >> the seasonality issue? >> yeah. >> are you bullish? how do you feel? >> i mean, i'm always pretty reluctantly bullish. i'm often told by clients i am the gloomiest growth investor they met. i am worried about what is

lurking behind. i do feel more optimistic seeing more broadening both in jobs and also in terms of what's happening in the stock market t that makes me feel a little more optimistic. >> do you think earnings will deliver, guy? >> no. >> flat out no? >> color me a skeptic. in the aggregate, i think it's $245-ish is consensus. 12.5, maybe 12% earnings growth this year. i just don't see that. the math doesn't work in terms of where gdp is and in terms of i think with all these now reacceleration of inflation. i think that's going to hurt earnings. that's my opinion. if it comes out and everything is fine, that's why the market is -- but i say this as well. this is still since march 8, that friday, four, five fridays ago, that reversal in individual stocks has not been violated and to me despite what we saw today, despite yesterday, still wreaks of a potential short-term top. >> let's get back to the march

jobs report. the economy adding 303,000 jobs with the unemployment rate at 3.8%. average hourly wages ticking up slightly. the labor force participation rate inches closer to 68%. encouraging to our next guest. constance hunter, senior advisor at macro policy perspective. thanks for joining us. >> sure. my pleasure. >> why did you pick the participation rate out in particular? >> well, because it jumped up. and that's a really good piece of news, right. because when you look at this headline number, you could say, my goodness, it's gonna cause inflation to reaccelerate. the crux of why it's not has to do with supply. greater number of people supplying labor means that it's less likely to be inflationary down the road. >> how does immigration factor into the numbers in your view? >> yeah. immigration is a really important part of this. we are adding workers when we need them, right. so we had sort of a lower

increase in immigration during the 2000s. so if you go back to the 1990s, we had a larger flow of immigrants. we have a strong economy. that often attracts people to come to the united states and it often accompanies our applying for the hb 1s in greater volume. we are seeing that again. we have a strong economy. employers are looking to bring in workers. of course, we have people coming here seeking work. >> it's tim. thanks for joining us. you are focused on macro. what's the move in gold telling you? this is somewhat counter to the equity market and maybe even what the bond mark is doing. >> that's a great question. i am not a gold trader. i remember starting my career on wall street when wayne angel was eagle bug, right, at bear stearns. better stearns was sued for him saying gold was going to go up. it didn't go. the defense was well he is just there for entertainment. people put gold in their portfolio when they feel

insecure. it's like buying part of the zeitgeist. if there is uncertainty, the value of gold goes up. we have a lot of uncertainty in the world. we have an unprecedented number of elections this year. we have a lot of geopolitical uncertainty. and i think whenever you have times of surging productivity like right now, because productivity is not well understood, right, we -- it can cause increased volatility. that increased volatility also may cause investors to flock towards gold. >> on the macro fund, within the last month we exceeded the 1978-1980 duration of an inverted yield curve. the longest since we started taking this data. does that mean anything anymore? a lot of people say it's different this time. what's your sense? >> look, it certainly is a concern for the banks that have the mature securities at a loss because of that inverted yield curve. they are not lending out money

at the same rate. so we are seeing it in the senior loan officers survey, in the willingness of banks to lend and keeping extra cash on the balance sheet. we are seeing the willingness to borrow decline. so you see tighter liquidity conditions because of that inverted yield curve. >> constance, i'm wondering how you view how many cuts we will get this year and if that view has changed in the past 48 hours. >> yes, it has. so, we are -- we have dialed back the number of cuts to three cuts this year. we still think there is a good chance chance they move in june because our forecast for the progress on inflation is fairly aggressive over the next several months as we start to see lower rents feed through into that rent component of core pcee.

we only think they are going to cut three times. by the way, we have been saying for a little while, this is very reminiscent of the 75 baby powder cuts we got in the 1990s point cuts we got in the 1990s. we continued to have stronger growth, lower inflation with interest rates remaining fairly elevated. >> thanks for joining us. >> thank you so much. constan constance hunter. >> mike, where do you stand on the narrative that zero cuts would actually be the best thing for equities because it would show that the economy is actually pretty good versus three cuts because it seems like the market vacillates between it being a good and bad thing. >> i think it's unhealthy for us to think that rates should, you know, be chronically well below, say the ten-year well below 4%. everybody on the desk right now, up until the gfc, the rates that

low actually would have indicated there was a real economic problem. so we should have an economy that can sustain itself and presumably grow with the ten-year above 4%, which where it was for 50 years up until the gfc. so, i mean, we shouldn't necessarily need to have rates lower. the problem though is that as i think guy was pointing out here is that you -- in order to justify the valuations, you have to see stellar earnings growth or you need low rates because we are at a above average historical valuations for equities and risk assets and that's the dilemma investors are facing. you need to have one or both of those things to justify the levels in the s&p here. >> meantime, we are getting news on tesla's robo taxi. a postponement from united. phil lebeau. >> let's start first off with tesla. a half hour ago on x elon musk

put out a simple short statement but one that will get people buzzing. he says the robo taxi will be unveiled august 8th. this comes after a day where earlier today reuters put out a report saying there had been meetings at tesla where employees were told they are going to scrap plans for a $25,000 low-end car and instead we are going to be focusing on robo taxis. after that report came out, elon musk also on x said reuters is lying again. what we know at this point is that we can expect to see what they are showing as the robo taxi on august 8th. there is no details in his comment on x. does that mean it's a new vehicle? does that mean it's a software platform? what's the date for the robo taxi going into service? lots of questions and speculation about what this means leading up to august 8. then let's talk about united. postponing a plan for an investor day on may 1. that was when they were going to outline what the financial targets are. not only near term, but over the

next couple of years. the company putting to out a statement saying that doing that at a time when they are working with the faa sends the wrong message, saying our entire team is focused on cooperating with the faa to review our safety protocols and it would simply send the wrong message to our team to have an exciting investor day focused primarily on financial results. so, united says it will likely hold an investor day in the fall. no date has been given at this point. two stories that are getting attention after hours today. melissa, back to you. >> phil, the united news seemed peculiar to me since united is going to report its earnings on april 17th and the investor day was after that. you would think that it would give that sort of guidance two weeks beforehand anyway. why cancel that investor day? >> well, you know how investor days go. this is the one event that ceos say we got to hammer messaging. what's the messaging going to be? i would be there.

other reporters would be there. you know other analysts or analysts would be there, would be asking questions about where do things stand with the faa? what's happening in terms of your safety protocols. if you are scott kirby, you don't want to spend the day answering those questions. you want it to be focused on your financial results and goals the next couple of years. i am not entirely surprised they made this decision. >> okay. phil, thanks. phil lebeau. tim, you are an investor, correct? were you looking forward to this investor day? >> you know, first of all, sometimes -- >> plans now for may 1? >> well, yeah. look, i'm completely -- now i can rearrange any sock drawer and other things. in airline stocks sometimes i call myself a trader. in delta's case, i am an investor. i have been a long-term investor and consumer of delta. i think there is a dynamic with united that continues to be a very different story than what we are seeing of the big two versus delta. underperformed by 25% over six months. it is interesting.

you have an investor day when you have good news. there is no question. so when you don't have an investor day, do you by default have bad news? that is something to think about. but i do think it's been an incredible run for airlines. i am worried about the oil price. i think that knocked delta down from over $49 which was a key level. >> julie, what do you think? >> absolutely. typically also during the investor days for the airlines they talk about what they are envisioning for their new routes that ter going to be planning. the faa has halted any new routes for united based on issues with their pilots. so that makes it a lot harder to get people excited about the future of earnings growth and what new markets to attack if you can't announce those specific capitol hill. i think that's part of the reason, too. i agree. i'm suspicious there is more bad news to come. typically, that's where the analyst day is, when you get to trump at everything that's going so well. >> robo taxi 88, an auspicious day. 8/8.

>> yeah? >> i thought 8s are lucky. >> yeah. anyway. no details. >> well, no details. and the stock which underperformed today has gotten -- i'm meaning tesla now, the losses today, probably gotten back. we will see. they are typically no details ochblt a friday afternoon, the timing of both of these to me are very odd. >> all right. coming up, a red carpet rally for netflix. does the streaming giant get a bullish call from wall street. how high can the stock go and what is going to drive the games? plus, a burger bummer for mcdonald's. the longest losing streak since 2023. what's behind the slump when "fast money" returns. >> announcer: this is "fast money" with melissa lee rit ren bc.h welcome to ameriprise. i'm sam morrison. my brother max recommended you. 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.

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did you forget something? my protein shake. the future isn't scary, not investing in it is. you're so dramatic amelia. bye jen. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more prospectus at invesco.com. you've got xfinity wifi at home. ris take it on the goes with xfinity mobile. customers now get exclusive access to wifi speed up to a gig in millions of locations. plus, buy one unlimited line and get one free. that's like getting two unlimited lines for twenty dollars a month each for a year. so, ditch the other guys and switch today. buy one line of unlimited, get one free for a year with xfinity mobile! plus, save even more and get an eligible 5g phone on us!

visit xfinitymobile.com today. money." we have a call of the day on netflix. that stock up 3% after pivotal research raised price target to $765. a new street high. 20% higher from current levels and more than 9% above netflix all-time high hit in november

2021. analysts saying higher revenue growth forecasts are driving this call. >> the bottom line here is it's not just growing revenue and subs that have been beaten to the upside. it is a margin dynamic and a story that has been a free cash flow, dare i use the term machine in the case, especially of the sector where this has been the whole story. free cash flow ramp is part of the of it. organic growth is interesting. we are waiting for netflix to do something either lateral or more interesting, whether it's in gaming or they are dancing around the event, you know, world. it's not entirely sports. whether it's wrestling or one off events in music and whatnot. and i think with the subscriber base, they can do it. i think you stay there. it's not cheap. guy pointed this out. maybe this is still a place you can exceed. >> the analysts said that netflix has won the streaming war. it's not just analysts saying it. bob iger said this yesterday when he said that he wanted disney to be number two. meaning that netflix is number one, mike.

so has netflix -- is it just netflix's world at this point? >> it would seem to be, right? i think there was concerns number one that we had a lot of this sort of over the top competition in the streaming world. they were suddenly going to be fighting against all of these other market participants. and they just -- they aren't losing basically their subscriber base. maybe other people are picking up disney+, using other services here and there. netflix is maintaining they raised prices. you know, this new price target is what? 30 times, i think, full-year '26 estimates of over 25 bucks a share and the question that people long had about it was, you know, with the cost of content, was this company ever going to generate free cash flow. as tim pointed out, it finally did. now it's really starting to print it, you know, probably will have ten billion in free cash flow 2026. i have think the multiple is rich for me given we are looking at probably teens in terms of

growth. i see where you could get that number. >> bob iger might have acknowledged it yesterday. you know who has been talking about it six or serve years? tom rogers, comes on the show. so all of the research you see, i mean, i want to say it's predicated on what tom said, a lot of things tom has been saying. with that said, if you pull up a longer term short, november 2021, 645-ish was the prior high. yes, it's expensive. you have a momentum working for you. tim's been right. maybe stay with into the earnings release on the 18th. i would be a bit weary or leary of staying with it post. >> a lot more "fast money" to come. here is what's coming up next. a burger bummer. a high energy rally and the chart that has the chart master mesmerized. our traders are tackling today's seismic market moves. what crude's high energy rally means for price as the pum pump. the high-flying sector at record

highs. you are watching "fast money" live from the nasdaq market side in times square. we're back rig aerhihtft ts.

welcome back to "fast money."

investors not loving mcdonald's this week. the stock closing with a sixth straight day of losses the longest losing streak since september 2022. announcing thursday that it will buy all 225 of its israel franchise stores for an undisclosed price. facing decreased revenues particularly in the middle east markets due to calls for boycotts. is that what is ailing mcdonald's? >> i think they are suffering from a couple of things. suffering also from just a wealth of success during both covid and kind of around it, growth of their digital program. there has been such a move in the stock. it's been one of the quiet winners over the last five years. we have heard in the last couple of weeks about what's going on in california around fast food, especially mcdonald's going to be hurt as much as anybody. i think the cost on the wage side in fast food ar big deal and the affordability parst and parcel, if you force wages on franchisees, they have to raise prices for fire team. it's an economic discussion and

debate. but i think marginalized mcdonald's is in a tough place. i think the multiple isn't something you need to chase. i love this company. i owned it. i want to own it lower and i think i will get it below 250. >> mcdonald's talked the impact of that wage hike increase in california in the last earnings call. we are expecting that. the other flip eside is the cos side. we are learning now that all of these fast food companies, quick-serve restaurants are not doing these heavy promotions as this he used to do once upon a time. they are relying on sort of very calculated targeted sort of promotions that rely on loyalty points and things like that as opposed to dollar menus, which was the way had they used do it when inflation was not so much of an issue. >> that's right. consumers have been struggling to find value everywhere they shop. it's not just in fast food. and they are starting to see that just get continually eroded away, chipped away. and what's interesting to me is seeing how the components are

doing within fast food. we are shareholders of lam weston, which does french fries. a big gap down this week on softer sales. french fries are typically the bedrock of any meal, my meals anyway. it is surprising to see how that has played out for mcdonald's. i am pretty shocked, honestly. >> you talk about strange day today. yesterday, karen, we were talking about karen thought lamb weston -- >> was research. >> right. and then two days in a row we are talking about this. number one. number two, mcdonald's, 17 years, i have never heard them talk about their consumer basically trading down and being affected by prices like they did in the release, i think it was on february 8 or so. real quick, if we can put a chart. short-term has to scare people. tim wants below 250. it was around the low from

october of last year. coming up, the chart master's very own chart of the week. the technical tale of the name he is watching more closely. t that is next. plus a my energy rally. the energy sector hitting a fresh all-time high today. crude above 87 bucks a barrel. what it means for your profit pipeline and prices at the pump right after this. missed a moment of fast? catch us on the go. follow the "fast money" podcast. wee ckig aerhi'rba rhtft ts. eprn feel darkest before dawn. with caplyta, there's a chance to let in the lyte™. caplyta is proven to deliver significant relief across bipolar depression. unlike some medicines that only treat bipolar i, caplyta treats both bipolar i and ii depression. and in clinical trials, movement disorders and weight gain were not common. call your doctor about sudden mood changes, behaviors, or suicidal thoughts. antidepressants may increase these risks in young adults. elderly dementia patients have increased risk of death or stroke. report fever, confusion, stiff or uncontrollable muscle movements

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. welcome back to "fast money." stocks ending a losing week on a high note, bouncing back friday. the dow up 300 points, the s&p up more than 1% and the nasdaq jumping 1.25%. newmont mining surging 6%. the mine still negative on the year. and finally, amazon closing out the highest level since july 2021 after mizzou said they are bullish on the company's cloud business aws. mike, what did you make of the amazon pop? >> yeah, i mean, this is, obviously, had some considerable strength along the way here.

along with a zure, remains business with the secular tailwinds. probably i feel that in the case of amazon this run we have had, i am getting to a level i probably like to sell some calls against the upside here. in fact, the positions that we have, that's what we have been doing. >> new month, guy, it is not a miner in your clan? >> thank god. no. but there is a -- >> there is a lot of good stuff. >> great stuff in the clam. there you go. and i think the gold move should be concerning. tim talked about it. today was the day that people should have been historically would have been taking profits hand over fist in the gold market. they didn't. as a matter of fact, gold traded higher today. the miners catching up. i will reiterate, i think they are nearly -- >> i think if you look at this chart, it's breaking out. top of a channel which is a down

trend. there is so much room to go in the miners, the analyst community has upgrade on an average gold price. >> wti and brent crew jumping this week. supply disruptions tied to tensions between iran and israel weigh on the market. $87 today, 50-day moving average above the 200-day for the first time this year. taking energy stocks with, locking in a record close with valero, exxonmobil, phillips 6 among the names hitting it their own au all-time highs. tom, great to see you. >> nice to be here. it's been quite a run. i think a lot of people thought -- go ahead. sorry. >> i was going to ask you, there is a seasonality issue and geopolitical issue working in tandem at this point. >> the seasonality is the thing. in the fall when we had the middle east war, it couldn't offset the tendency of the cycle

to see crude oil prices drop by about 28%. now we are in the time of the year where typically from a winter bottom to a second quarter high, we go up 30 or 40%. and we're probably in the sixth or seventh inning of that rally right now. >> and you also think hurricane season could be worse than in past years? >> yeah. i would use the metaphor of the back three and camel for gasoline this year. we are kind of moving to the first hump right now. and typically, it will be an old trade about a month from now and a lot of people will get out of it. but that second hump, when we get into august and the saudis are selling less crude because of air-conditioning needs and the hurricane, you know, chases her out, that's when we have to worry about it. i think that will be the second hump where retail prices will go. who knows how much higher? i think this rally will stall

out at about 375 to 390 for u.s. prices. >> that's interesting, automatic tom. gasoline, we are three or four months ahead of when gas should get on the horse. nobody has been talking about the gasoline move except the refiners. you mentioned sixth, seventh inning. what inning are we in for refiners, which have been unbelievable? >> they will have great earnings and great comments about the second quarter start going into the earnings in a couple of weeks. i do think that it will come become a little bit. all three products, the three main products are gasoline, diesel and jet fuel. they are performing on all cylinders right now. it will take a little bit of a break probably on gasoline because we are running light sweet crude. but then at the middle point of the third quarter, i think the prices go higher again. and they go higher because there is a lot of storm chasers who will be long, gasoline futures are options at that point. >> there is also a lot of chasers in the oil services

space. you have talked a little bit about the oih in your notes. i have been very bullish on schlumberger. the earnings ability and operational leverage is something this i think is significant. 2016, 2017, the hay day. it's not wicked cheap relative to the earnings power. any thoughts when the drillers shift into the next gear even in just call it status quo for where we are in pricing? >> well, there was a chart that was going around about a month ago that showed the xle companies versus the nvidia. if you look at it since that month, the xle companies are all gone up, whether on the production side or refining side. i think they will continue to do well. there is a lot of people that think the energy crisis or -- excuse me, the peak demand occurs in 2028. but there is a lot of folks who think it's 2035 to '40 as well.

>> always great to speak to you. thank you. >> thanks, guys. where are you in the energy trade? >> along marathon petroleum. so we have that name on. obviously, in a crack spread, it has broadened considerably the course of the last couple of months. still well off sort of the post-pandemic highs. overall, higher than historically prior to all of that. so i am starting to wonder whether we are getting long in the tooth for the short term in terms of the big move in some of these names. >> what is time's? >> i think -- exactly. and going back to the clam, if we may, on a friday, i mean -- >> please. >> chevron or conoco. >> does it matter? >> no. you know what? really doesn't. but i'll say -- what is it? >> conoco. >> that's what i thought. these stocks, i'm with tom on this one. these stocks have done well. tim's been all over this.

you ride the energy wave. it's not going baway. coming up, we will have the chart master draw the lines for us. what stood out to him this week and what the technicals are telling him. gearing up for the start of earnings season. could be major moves when the results cross the wires in the coming weeks when "fast money" returns. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. hey you, with the small business... ...whoa... you've got all kinds of bright ideas,

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money." shares of ge soaring 11% in week after the company finalizes long-awaited separations to three public companies, trading under the legacy ticker gene-editing, taking the stocks to highs not seen since 2016.ge taking the stocks to highs not seen since 2016. our chart master for a look at the run. carter. >> for starters, if you're the best single performing stock in the most important equity index in the world, probably you deserve to be chart of the week. ge up 11.65%. number one just beating out

newmont. the level to which it has risen, ge chart, i have three of them. they are all identical and weekly bar charts. so what ysee here is the first with no an notations, no conclusions, no lines. a second iteration. we know we have that epic sell-off. we are talking about going from 157 to 27. of course, that's the unfortunate nature of math when you drop 82%, you've got to go up almost 500 to get back to where you were. a final chart. what we have here is what it is. a sort of epic, if you will, head and shoulders bottom. we have returned exactly where we were some eight years ago. which is remarkable, of course. a stock -- for eight years. s&p up 150%, the qqq up 300. for ge to get back to the all-time high of 295, has a lot of heavy lifting to do.

>> so, from here, it's resistance? is that the bottom line? >> the first instance, where options come into play. if i were long and uncorrected, moved up 50% this year, sell some calls or sell some calls and use the premium to buy some puts. but i wouldn't just sit blindly long. >> and mike? what do you think of carter's options advice? >> we had positions in kbe. i peeled it all off today, or it should be all off come monday when be look at all of the settlement issues. for those of you who had options in ge, the underlying change, that's why when you look at the screens things are screw which, you get 100 shares of ge and # 5g for every options contract you got. i think this, obviously, a terrific move we have seen. we are happy to participate in it. having returned basically to the scene of the crime as he often says, i think figured we might walk away from it here.

>> julie, you like any of the ge companies? >> yeah, what i think is the most interesting about the ge companies is just seeing everything that jack welch built being slowly torn apart. i think it really underlies the importance of capital allocation. all of these acquisitions, all of these de-worsefication, where they try to expand beyond their core comp tensy and it's up to us as investors to focus on what you're good at. coming up, huge earnings reports in the calendar for next week from airlines to big banks. how the options traders are setting up ahead of the results next. here is a sneak peek at the cramer cam. chatting with the ceo of rbn interview on "mad money." meantime, for "fast money" in two. meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real.

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her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. welcome back to "fast money." we are gearing up for the start of earnings season. till way, delta air lines, big banks, j.p. morgan, wells fargo set to report next week. mike has the read on how the options fits are bracing for them. what do you see in terms of the potential moves? >> as we would expect, cyclical types of stuff.

higher implied moves, including discretionary names in industrials. transportation, delta air lines, which we talked about earlier, implying a move of 5.4%. united a larger move, 6%. you take a look at something like constellation, in the booze business, unsurprisingly not lot of volatility there, less than 2%. doesn't typically move that much on earnings. car max, this thing is expecting a move of nearly 9% higher or lower. of course, that is not surprising when you consider where we are in the rate environment as well as everything else. financials don't move that much. the quietest against the money center banks is jpmorgan. the 3.2% they are implying is more than it typically moves, which is less than two. nordstrom. >> that is very interesting. the potential implied move for jpmorgan. julie, what are you watching? >> definitely watching delta. i'm curious to see what they are talking about as far as business travel, sips i really believe

they are probably the best executer there. i would love a sense of how that's going out for them. >> yeah, i agree. i think delta's going to be fascinating to listen to with all that's going on if that sector. i have to say tilray also. it's a core position. what's going on in cannabis and for tilray because of the legalization across germany, what's going on also over here, what's going on with the beer business, i think it's an interesting story. >> morgan stanley i believe on the first of april i want to say a $55 -- excuse me. raised the price target to -- i'm reading it $85 in delta air lines from 77. 49 has been the top for a while. tim talked about that at the top of the show. we have been in this 34 to 49 range. that's a aggressive call into earnings next week. sort of like the call -- 3% implied move in jpmorgan given

the run that stock had, that sounds cheap to me. i mean, i am not saying mike is wrong. he is, obviously, right. but that implied move doesn't make a lot of sense. given this run and the environment that we are in, yeah, significantly more. >> the banking space. citi at 70% move off that october pivot. if you think of the money center banks, look at goldman. so it is fascinating, this earnings season. often every other earnings season really for the last two years going into earnings season has been a story of banks underperforming. that's not the case here. >> mike, what do you make of that implied move for jpm? >> actually, it's the other banks that are implying bigger moves. citibank and wells fargo, all of those are more like the four, five territory. it's jpmorgan that's down around 3.2. that's probably because historically this probably the one where people don't get a whole lot of surprises coming out of earnings. some other names, wells fargo most notably and bank of america with some of their balance sheet issues with longer dated paper on their books, those are the ones that i think are probably

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-coming through! -or 3, let's go. the network more businesses choose. transplant received. at&t business. final trade time. julie? >> tyler technologies. nice durable sustained growth. >> mike? >> united health into their april 16 earnings with a tight stop that is 450 level, looks dangerous. >> tim? >> scary week. be safe over the weekend. watch out for the locusts. a cozy setup here. it's nice. >> schlumberger has been drawing bigger from tiny. i think this up trend goes to

64, 65. >> slb. >> and congrats to the mets fans at shea yesterday. they got off the schnide. >> and nico eagle minds. well done by you. >> thank you for watching "fast money." have a wonderful weekend. be safe have a wonderful weekend. be safe out there. >> my mission is simple. to make you money. i am here to level the playing field for all investors. there is always some work but i promise to help you find it. "mad money" starts now. hey, i am cramer. welcome to mad money. welcome to cramerica. my job is not just entertainment but