ingredients idea versus perhaps having to battle it out over value as mike santoli also known as market king was talking about. >> market king, everybody has a pie nickname have a very happy memorial day weekend. i think this is a good time to just honor all of the men and women have that basically died in service for us to be able to be here to celebrate this weekend. >> freedom isn't free. >> that does it for us at overtime >> "fast money" starts now. >> live from the nasdaq market site in the heart of times square this is "fast money." here's what's on tap tonight riding high the dow and nasdaq and s&p each surge at one point or another to record levels. the highs driven by monster moves in retails, semis and utilities can these record breaking gains roll on we'll break it down. plus fast food fight burger king set to go head to head with mcdonald's and launch a $5 menu.

will this battle royal strike price cuts across the restaurant space. we'll see what option action is ahead of earnings, buzz kill on workday, what's behind the double digit drop and the traders bring us their charts of the week i'm melissa lee live from studio b on the desk, steve, dan, carter, and mike and we start off with a record breaking week on wall street the nasdaq jumping more than a percent to set a high close. it is up nearly 13% this year, but it's not just tech that's leading the market gains take a look at some of the names hitting records today. walmart and costco in the consumer space, utility companies like eaton, constellation energy, industrials like howmet air space and names like netflix, moderna, johnson controls and others at 55-week highs. with markets back in rally mode and strengthening seen across all sectors what do you do with these names now? what are your thoughts on our senators. >> it's interesting. i'm looking at my screen, i see

the s&p up versus an s&p up 11%. not just tech in this. well it is a great deal some of those big names if you look at google joined the party in the last two months up 35%, right. seems like some of these names, nvidia basing for the last couple months broke out added a quarter of a trillion dollars in mega cap this week when you think about that. the russell 2000, basically flat on the year up 2%. crude oil down 10% over the last month and a half or so isn't that meant to be some sort of indication of potential growth i put some of that stuff together and go back to the thing that this is still a very concentrated rally other sectors have joined the party and speaks to a broadening out. looking to put new money to work in equities, think of where we were we're not halfway point of the year i don't know i mean like it seems a little bit euphoric. >> euphoric. correction.

>> i think we're going to test what a great day to have carter on we're going to test the 200-day moving average going to coincide with buy buybacks leaving the market mid to late june and then you have a host of fed meetings. i think that's probably the time to sell. when we started the show, consumer names, utilities, i could talk to why utilities are up, because the ai push, everything and anything is going to be needed for energy, but to dan's point when you look at crude oil backing off ahead of the tip-off to peak summer driving season, that's probably indicative of a market that wants to go substantially lower. so i do agree that we're setting up for a correction. but i don't think it's going to be a long lived one. i think we're going to tap it, and then balance going into year end that will be just enough ammo to give powell the skreblts to cut. >> we have seen a market of haves and have nots in terms of concentration. not just technology where it's

all the ai trade gaining but with the consumer names for every walmart and costco there's a peloton, lululemon and nike which are just dismal. >> mcdonald's. >> at the end of the day every trading day has to go in the bullish or bearish column and every week bullish or bearish. all sectors were coun except tech, telecommunications, it's netflix and google and that stuff and tech itself. all sectors down the mid cap, dow, utilities were down, home builder were down, a sloppy week. to dan's point about equal weight versus actual weight. without the move in nvidia and some of the others, the actual s&p would not have been up 3 basis points, it would have been down as well not a good week. >> how about the nasdaq? same thing. >> it's the same thing influenced by -- and that gets to the concentration, nothing new. to put it in perspective, top ten stocks are 30% weight. last 50 years average around 20.

markets are biased towards winners. people who take share. 30 is high and some point, that continues to be an issue. >> we have been complaining about this concentration for a long time and how can this concentration keep leading us higher and here we are and look at that move in nvidia basically added an intel in a single trading day. i mean, if, you know, obviously, people are investing in the s&p sundar 500 through index funds but as long as the ai trade is intact the market can inch higher isn't that good enough >> the markets or the market, the market is really just a handful of really big stocks and, you know, it's interesting because i think steve was hinting at this when he was talking about the demand that we have seen for power, of course, with these data centers and that has fueled some huge runs in stocks that normally wouldn't have seen them we saw visra energy, one of the utilities that has had a huge

run and gotten play. starbucks speaks to the weakness there but so does target and cost sensitivity they wouldn't have been out this week talking about cost cuts of 5,000 products if they didn't recognize that consumers are extremely cost conscious right there and now and what you're seeing on the crude oil demand side one, you know, perspective from an options traders point of view, one of the things that people often speak is to the vix. you say okay, the vix is very low, that speaks to complacency and comfort. speaks to something else, too, which is actually it's not in everything rally when the vix is low, it could be low for two reasons. one, it could be very low because stocks aren't moving very much. we've spoken to the fact that many stocks are actually moving quite a lot. what it actually is telling us is that stocks are moving in different directions you have nvidia going up, and then you have a whole number of stocks going down. i think that actually kind of speaks to that dispersion that

we're seeing and think about how many names have to be lower essentially for the market to be a push when you get as big as a gain as you did in a name like nvidia. >> mike, that's a great point, right. when you think about nvidia and it's a great secular story and i have to be clear on this, this is not one like i've gotten the technology, i understand what's going on here. i haven't gotten the price action by any means and this is one i don't get. part of the reason why i've never seen in my 25 years in the business, i've never seen anything like this when i look at the complacency people are looking at this name, i was out in l.a. with a couple guys, big fans of the show -- they are huge fans of the show and literally as the numbers are coming out, okay, they told me that they just bought more nvidia on the close in front of the print because they were convinced it was going to be a beat and raise, which we all knew it was going to be a beat and raise. they're not selling that when you get to that sort of level -- again, i'm not here to tell you sell or whatever, but when you look at a stock like

this that had a $200 billion market cap a year and a half or two years ago and now gained that in one day on earnings as we're getting close to the end of the hyper growth cycle it's about to overtake apple in market cap think about the obsession that we have had about apple for ten years. >> why do you think we're getting to the end they raised q2 revenue guidance by $2 billion without a new chip just selling their old chip with the new chips still to come later on this year. >> there might be an issue as you transition where orders start to drop off from the old chip to the new chip and this secular trend towards that compute slows down a bit $2 billion we were getting $10 billion beats and now getting $2 billion quarterly beats and expected to have 30% earnings growth and sales growth again again, i've been wrong i'm trying to point it out because the stock will be down 40% probably in the next year or so and people are going to say, what the heck happened here? and the writing has been on the wall. >> it's had an incredible run.

at some point dan is going to be right. bears will be right. >> things will slow. >> and, you know, to that point, though, if you look at what the technology companies now what they're doing, first of all it's too early in the cycle to call an end to ai it might be earlier for nvidia where they can sort of share some of the gains and others could rally and they could fall off. having said that, when you look at the market and say they're just about seven names or five names, whatever the number is, think about every sector every sector is going to benefit from ai. every sector is going to be more efficient from ai. every sector will order more ai chips going forward. i don't look at it as being unhealthy 5 to 7 names can float the market so i think they've got more left in the tank, but i think it's natural to have a correction. >> i think that's a good -- a lot of strategists are incorporating this thinking that ai overall is going to lift the productivity of companies and it's going to improve margins, it was just mentioned in the

financial adviser summit held this week and talking about that notion that ai will, in fact, you know, lift all companies in the s&p eventually that will happen, mike i would think that -- i imagine you agree to some level, but i guess the question is when do you start factoring that into valuations >> well, it's interesting. if you tried to extrapolate on nvidia's valuations, for example, if you take a look at 2026 estimated free cash flow that's probably 3% versus the current value of the business and growing at 30%, so if you just take those numbers and then you just extrapolate through time, the valuation for a company like nvidia as rich as it is, is not overly expensive it would seem fairly valued. the problem you have is how far out in time can you make those types of extrapolations. how long will it go on before we start to see other entrants into the space where we're able to be competitive. some of the stuff i was reading this week i was going back to cisco. what were they saying about

cisco in 1999 and was to they were basically saying that cisco was at the center of everything internet. >> backbone of the internet. >> exactly the backbone of the internet and nvidia is the backbone of ai the truth is that the biggest solution for high prices, high prices in nvidia, high prices for nvidia's products the high margins are high prices. it's going to introduce at some point some competition i believe in the ai story and i believe it's going to fuel productivity gains. but i don't think nvidia is going to be the only winner in the space and i have a feeling that, you know, five years from now there will be real competition for them. >> you said 40% of decline in nvidia eventually. if they're a dow candidate and get added to the dow it could be like the curse of the lottery. look what happened to intel. >> do you know what cisco's cover 1999 annual report was capture the momentum capture the momentum

1999 cisco more value than any company in the world. cycles are what they are cycles are there ibm the watsons at their height controlled computing this is small potatoes cisco's ge, general motors, test nag front of congress, what's good for america is what's good for general motors there's always someone at some point. >> they're not. >> you make a good point so many industries that benefit from generative a.i. and how they integrate into their businesses and services but not buying high-end gpus to me that's why google has had the run it has had and amazon is a dark horse trade as it relates to, you know, the generative a.i. thing notice it's 4% off its all-time highs or something like that. it hasn't participated microsoft right now we don't really know what's going on with copilot, but we know what's going on in the cloud business to me those are probably the

safest bets right now until we start to see companies that come to market, maybe via ipo much earlier stages you guys, you go back, nvidia was a small company for years and years and years, and then they got a few things right, when somebody said we can put -- >> gaming -- >> gpo on the cpu and do other things we'll get some of those in the next few years. >> goldman sachs and american express hitting records of their own recently let's turn to the chart master for the technicals on the financials carter, what do you see? >> i would say the word stretch comes to mind. let's see if we can look at charts and try to figure it out together for what it's worth on the monday side both, stocks are trading below or higher than the 12 month price target. the street thinks collectively they're worth less than 12 months than now. you see here how far goldman is trading above its 150-day moving average since the october low and the long-term chart. this is important. goldman is up against an important internal trend line. it hit its head each time when

it has rallied to this level my thinking if you're long, take some profits or sell some calls with new money i would rather be short than long. the setup for american express is identical look here tooz this is a steep uncorrected move in american express. far above its 150-day moving average. more than double the performance of the s&p since the october low, and it, too, on a longer term chart is up against its internal trend line to the penny. both are full as the expression goes. >> mike, do you think they are full as well >> well, i mean that's i guess a technical question and you already asked the right person on that one. as far as the fundamentals go, american express is growing their bottom line better than 14%. so their earnings growth is double that of the s&p and yet it trades at a discount to it. you know, unlike goldman sachs which would be more of a cyclical story, you know, they're part of the ol gop ply in the payment space

talking about mastercard and visa and a lesser extent american express there's only a handful of companies that operate in the space and of them, on a fundamental basis, american express is argue plably the ches one and seeing reasonable growth i agree a lot have had a heck of a run and i don't know that i would chase them right here. >> when you look at american express and compare to visa and mastercard, american express has outperformed visa and mastercard by more than five to one so the way i look at these is through the prism you have to have a thesis in the market. you have to understand whether you think the market is going up or down an that's top down approach if i think that the market is going correct in a month, month and a half, a lot of these are going to come back in. >> all right coming up, coming up, we're going to go break here, workday getting worked over ahead of the holiday weekend. a warning sign for other names in the software space. plus a fast food fight, mcdonald's and burger king going head to head with value menus.

will the fight be a hit with customers. we'll debate that. this is "fast money" with melissa lee. right here on cnbc ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there.

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welcome back to "fast money. shares of workday sinking 15% for its worst day since february 2016 after cutting its annual subscription revenue forecast. the hr software provider says budget cuts and layoffs in tech companies are leading to less demand for its payroll services. salesforce reports its results, the dow's biggest laggard today. workday's decline a prelude for problems at other sass companies? >> we've been talking about this over the last few months or so a lot of names have sat out this rally especially as semis have kind of led the way or so and, obviously, a lot of names also when i think about this, i look at the way the stocks sold off it was literally the way they adjusted that bookings number on a $7.7 billion number for the fiscal year, by like less than $50 million, to have the stock down 15%, seems kind of weird to me

it almost feels like we're going to hear something from salesforce, we see how bad adobe has acted over this whole year down 20% i think that it's interesting that sass names are sitting this whole rally out. >> if you're a sweet spot ai and you know we talked about those numbers and everyone can riffle off the names, once in the epicenter of ai you're going to have a large subscription base, the stock from lower left to upper right. when you look at workday they haven't narrated themselves as a sweet spot yet if you're a corporation, you're not going to sign on to them if you don't know what ai is going to look like with them in the next six months. they have to prove themselves to be an integral part of ai before people start subing out to them. >> the head count reduction seems to be an issue here. this speaks to as well the haves and have notes in technology and sort of the robbing peter to pay paul notion of, you know, a capex i.t. budget certain amount to ai at this point, and there's going to be no money for other

things or less money >> i think there's two things. the fundamentals you were talking about which is the spend and that, obviously, is going to be critical and salesforce their numbers as well, when with you take a look at salesforce's numbers with earnings coming up, the thing that i'm concerned about here and have always been concerned about, but feel like they've always gotten a free pass at salesforce and i feel like people are paying more attention to that if we take a look at what was going on in the options market the active contract expiring next week 260 puts traveled double average daily volume and expecting pretty big moves seems like the bloom has been off the rose for a while since mid-march. >> i mean as a pattern goes, it has the elements of a bullish to bearish reversal. >> oh. >> bearish -- crm. what's worse is that it's relative performance to the xlk tech sector that peaked in january 2019 five years ago and never come up for air since.

i think it's a big risk. >> there's a lot more "fast money" to come here's what's coming up next. >> food fight. mcdonald's and burger king, dropping dueling value mcdonald's menus are the latest efforts enough to bring in strapped consumers and what will it mean for margins? we'll talk to one expert who says the industry is in for hard times ahead. plus, everything earnings. the oaogs are here to tackle the week ahead as major names like dell gear up to report the action and how to play it next you're watching "fast money" live from the nasdaq market site in times square. e ckig aer this. is it me...or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? can ai help your people work... without all the workarounds?

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welcome back to "fast money. the burger wars intensifying burger king announcing the return of its $5 your way meal the timing coincides with mcdonald's's $5 value meal kate rodgers has all the details. >> you mentioned another new value offering in town it's from burger king. the company confirming to cnbc it is going to be rolling out a value meal for $5 of its own after its franchisees agreed to

the promotion in april the meal will be offered ahead of mcdonald's $5 meal coming at the end of june set to last for a month. burger king will last longer and have a choice of three sandwiches, nuggets, fries and a drink, mcdonald's, mcchicken or mcdouble fries and drink in a memo sent to u.s. franchisies, burger king's president rote regardless of their plans we are moving full speed ahead with our plans to launch our $5 value meal before they do and run for several months versus their reported four-week window the mcdonald's promotion will launch according to sources june 25th and last about a month. cnbc reported two weeks ago that coca-cola kicked in funding for marketing to make the deal more appealing to franchisees and i reported that some franchisee advocates were pushing for an investment from corporate to keep the value platform on the menu a longer period of time given the operating margins they have right now. >> i feel like not long ago we

were talking about the fast food chains in particular quick serve at large not going to sort of the value route but instead rewarding people with, you know, promotions and points, et cetera, and seems this is sort of an admission that softness will continue for much longer than anticipated >> i think you heard it first as well from mcdonald's, because the ceo talked about that lower income consumer pulling back and the need for a national value platform and working on that, that's exactly what these companies are doing now. not to say that loyalty programs in the apps aren't important they're key because you can target consumers with those deals and loyalty points, but i think right now it's about getting people back indoors and seeing which one they like and keep them coming back for more. >> all right kate, thanks kate rodgers a long time applebee's franchisee warnings it's pushing to the brink apple metro one of his restaurants the applebee's here in times square. our neighbor great to have you you.

>> thank you i'm used to seeing you new year's eve. >> that's when you're usually on what are you finding with your consumer are they pushing back on higher prices >> the consumer is still leftover with a bunch of overhang from that covid money covid covid but they were saving no place to spend it but they're running out of gas here's where the collision happens. costs continue, core costs continue to rise we read about california, $20 an hour, all over, it's only a matter of time before the mayor here says hey, way to get re-elected is raise salaries, wages, and then along with that comes gas prices everything in our space is delivered by truck everything regardless of where you are. fast food, quick serve, casual dining, trucks deliver it. the trucker isn't going to absorb that nor will the grower or slaughterhouse. that's passed on the collision comes where the consumer says hey, i've had

enough along with rising costs which look like core inflation doesn't go away quickly, service inflation is reducing a little bit. buying services. however, the offset to that is not all doomsday the consumer seems like he or she is willing to pay for convenience. why do we pay $10 in a movie for popcorn that you can buy in a grocery store for 50 cents because you can go up and get the popcorn and come back. the consumer has gotten used to not cooking. they don't cook. when the divergence happens strongly enough between grocery prices and our prices, heat when the collision will happen. right now, grocery prices are still pretty strong. you know well. you go to the grocery store. we all do. as a result, the divergent hasn't hit it will. we continue to have $20 an hour labor. we continue to have virtually everything is rising on core

except maybe rents in certain locations. great sites, great still very high. >> let's go through your costs in terms of the costs that will not come down. i imagine food costs will eventually come down or return to normalcy. but labor, do you think that will come down or stay high? >> would you take a cut? >> of course not. >> and nor will our dishwasher nor will our server. nor will anybody once you get there, there's no coming back. other than quitting and looking for something else and if you quit and look for something you have the same problem. wages don't come down. maybe proteins will. slaughterhouses, the cattle stock, chicken, you know, all depends on what that grower sees and maybe that might but i don't know gasoline, they deliver all this stuff by tractor trailer we get 60 foot trailer that comes right over here. >> block traffic. >> and we block traffic. we have to unload them therapy not allowed to do it

after 4:00 a.m. in the morning but we block traffic at 4:00 in the morning. >> what are you doing out on the streets at 4:00 a.m. >> we just heard a bunch of earnings for q1 and guidance from q2 and one thing that we heard again and again was that consumer is resilient, right we're talking about like we just started this segment on the lower end mcdonald's and burger king are going to $5 menu items. that's probably like a low end item for you for a whole meal. when you see some of these companies, you know, in the quick serve space struggling and consumer pushing back and the term you used does that make you worried about your segment and cycles past have you seen it move up the chain like that? >> yeah. of course, we have to worry about it the only good thing we have going for us is people are creatures of habit you are, i am, going out to dinner isn't -- movies you can not go to the movies anymore because it's all on television, streaming, netflix, you name it you can get it you cannot have somebody cook

unless you're going to hire a chef, cook your meal and sit down and eat it. that dies very slowly. the consumer that's one habit. the other habit is we all have, i don't even know you well but you have it you get it at birth called eating. >> so really quick, we're limited on time, but when you look at that $20 an hour wage, what are you doing what can you offset that with? we've seen mcdonald's do it with the kiosk. >> the technology is coming in on repetitive tasks that are required they have robots that will make hamburgers to any flavor you want and any temperature you want, rare medium rare rare and there was a show icsh on the supermarkets on the real estate business, restaurant business, and more and more you're seeing technology at these shows. you also are seeing marketing shift. >> how about at appleby's?

>> they're looking at it you know, before you introduce something, you have to test it, retest it and then we screw up somewhere down the road. it's not hard to do that it's hard to make it right but they're testing and looking. there's nobody in this space, nobody, not looking at this as the salvation in the future. and i always said, when i went on air and i still say, technology is the best enemy of labor because you can raise the prices of labor and raise the prices of labor and then one day you go ahead and make that capital investment in the robot. and who won? not the employee. >> right. >> all right we're going to have to say goodbye. what's the highest margin item on your menu >> the highest margin item is always the highest priced menu item and that would be steaks. and ribs which by the way i might tell you also, that we can gauge how

the economy is going not necessarily where the consumer is pushing back. what they order. >> right. >> if they order chicken fingers and are ordering fries, it's a different segment than steaks and ribs. >> right great to see you thank you. >> thank you so much coming up, get your tickets ready. chart fest 2024 is coming your way. legendary acts mike, carter and dan and steve laying out the charts that you just can't miss coming up next plus we're all over next week's slate of earnings, dell, gap, foot locker and more and option traders are pricing in big moves. the action right after this. >> missed a moment of fast catch us any time on the go. follow the "fast money" podcast. we're back right after ts.hi

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welcome back to "fast money. stocks closing out an up and down week in the green ahead of the long weekend the dow finishing slightly higher earning its first losing week in five the s&p up 0.7%, perfectly flat on the week and the nasdaq ending a week at a new record high bolstered by nvidia's gains. lions gate tumbling after last night's earnings report, beating

on the top and bottom lines. [ inaudible ] earnings season winding down but the big names reporting next week, dell, american eagle, best buy with carter and mike on the desk and dan, too, we thought we would give you old-school options action band back noting again the moves you're seeing in the names reporting next week. >> yeah. take a look at best buy that is implying a move just under 6%. to foot locker expecting a move of 18%. last quarter it took a beating ulta, a move of 6% and costco a modest and doesn't typically move that much 4%. >> we do want to focus on dell since nvidia was a big headliner this week and all eyes on the next ai play carter what do the charts say? >> let's go with the word full again. expensive is unknown valuations one of the worst

timing tools in the history of markets. if you look at this chart this is a bar chart we're at the upper band of this well defined channel we've been ascending. zero in and look at the daily chart just to put this in relief and what you'll see here again, is that we have ricocheted off the bottom end of the channel perfectly to the penny over and over and now we're at the top of the channel. interesting curiously wall street in their wisdom has a price target of $142 trading 160. that means wall street thinks it's going lower not higher in the next 12 months, but i think it's full and sell, write calls, do something. >> what are your thoughts on dell and what's your trade here? >> yeah. obviously, it's had a huge rally and some of that rally has been prompted by folks enthusiasm, perhaps that they would be a beneficiary of, you know, the big push for data centers and that that would help their server business at least and some other areas haven't been doing that well. as carter points out, of course, taking a look at the fundamentals what we're really going to end up finding out is

whether or not that optimism was well justified right now the options market is implying a pretty big move of 10% higher or lower after they report that's not surprising when you consider four of the last eight quarters they've seen double digit moves. a move lower potentially trying to look at a trade where i wouldn't lay out any premium, out to the weekly 152.5, 145, one by two put spreads selling two of the 145s against it, the peak profits for that trade which would actually require no outlay of premium would take place at that lower strike which coincidentally happens to be not far off of the wall street price target and also pretty much spot on that 10% implied move to the downside just take a look at the fact that thing is trading in the teens i think in terms of its multiples at the moment at least, that's probably as much of a downside move as i might expect.

>> what do you think of mike's effort to risk less and make more >> there you go. listen we kind of give these disclaimers all the time, i mean, that's kind of deep end of the pool stuff mike is targeting that 10% implied move and makes perfect sense if it gets there but not if it goes too much lower. plenty of room to the downside but it takes a lot of margin in your account to do that. i like the trade if you're a semi pro. >> coming up, what do eli lilly and the indy 500 have in common? brian sullivan he'll join us live from the racetrack minutes from now with the key takeaways with his teieof eli lilly's ceo david ricks, that's next this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it!

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and ready for what's next. (vo) achieve enterprise intelligence. it's your vision, it's your verizon. welcome back to "fast money. muted stock reaction to eli lilly and novo nordisk despite news out of both companies today a study finding novo nordisk's ozempic slows progression of kidney disease and slashing the risk of kidney related death not a new study, just a bigger readout of a study released earlier. lilly announcing plans to invest $5 billion in an indian plant to produce more of zepbound and mounl. brian sullivan spoke with

lilly's ceo and joins us with all the headlines and more on what he is doing out there tonight. brian? >> indianapolis has been on fire i mean not just from eli lilly, but you got alongco health, a bunch of stocks that have done well in indianapolis we'll talk about that more on last call tonight and the governor who has to be walking on a cloud because to your point, melissa, eli lilly announcing a $5 billion manufacturing facility just north of indianapolis and they're doing that because they can't manufacture mounjaro and some of the other weight loss drugs fast enough. zepbound, et cetera. they anticipate demand to continue to grow of course you have covered these a lot and you have your documentary and talk about ozempic. wegovy they have mounjaro and zepbound and that has powered the stock to a monster gain. if you had put $10,000 in eli lilly's stock in january 2017 when the ceo, the new ceo it can over, you would have $125,000

now. wow. but here's the problem as you know as the growth of these drugs grows and the fact that people can't always get them, another dangerous trend has grown and that has been full on counterfeit drugs or cut up drugs that are not manufactured by lilly or others and i asked david ricks about this critical problem. >> putting this in their body and they think they're getting mounjaro or zepbound, they're not. they're getting something from a foreign laboratory, usually out of asia, unapproved, uninspected by the fda and they're often labeled not for human use but people are putting them in their body this is dangerous. as a financial matter we're going to be fine i'm worried people are going to get hurt this really needs to get shut down. >> yeah. some of that is just straight up fake drugs like sugar water, whatever is in it no active ingredients fake from some sketchy supplier somewhere and then you have the ones online

and appearing online where you take one dose, cut it into four or five so you can claim it's the same formula but you're not getting the dose that you need so it's not going to be effective, a critical problem but because there's so much demand for all these glp-1s. >> brian, did david ricks talking about sort of the next new use cases and how far along we are with some other studies >> yeah. to your point on the ozempic study a lot of optimism around what could this do for kidney disease? what could this do to any of the 200 plus medical issues that arise from obesity and they continue to do test case after test case. i will say he made a little bit of news, i think, bank of america estimated that lilly's current drug packages could do about $33 billion in sales, going to $80 billion by 2030 i asked david ricks do you think you can get to $80 billion, and

he said i think so and then he said not making a financial projection because we haven't given guidance that far out but didn't say it wasn't possible if you can go from $33 billion to $80 billion in six years, it just shows you the massive potential and what's already happened, not just potential, in this market. >> yeah. well, you know, brian anybody who knows you knows you are a race car driver. and so did you get a chance to get into a car >> i might need some mounjaro to fit in one of these cars. >> i think you're selling yourself short. >> these guys -- yeah. i get in my race car because it's got a -- it's wider like the buick chrysler of race cars these guys are like 5'6", 130 and that's what i weighed when i was 4. >> oh. >> i had no idea that they're such requirements for race car driving but that makes sense

>> it's a great sponsorship opportunity. thank you. >> all right we will see you tonight. sounds like great show you've got lined up including the full interview with the ceo of eli lilly last call at 7:00 p.m. eastern time. look at the lineup when it comes to lilly and novo nordisk do they look full? >> no. they're just steadily order uptrends not straight up moonz moon shots novo nordisk, 94 to present, 30-year is 6 x that of lilly. >> 6 x. >> wow. >> it's interesting because we mentioned the data from novo nordisk, that was the flow study and they stopped it early. remember that time it shot up higher because of the initial release. this is the full data, and it didn't move. that's sort of telling in terms of how much had been factored into the stock before the final results. >> we've talked about it these are crowded trades, very

few ways in which to play the people that have the supply right now and again, there's going to be so many other great uses for this. right now, there's only two ways to play. lilly broke out of a four-month consolidation and looks league >> sorry real quick, now if you look at the news last night in biotech you're starting to get some eyeballs on cancer treatments look at merck, astrazeneca, johnson & johnson that didn't get any attention. >> coming up, first solar shining bright the old energy stock up nearly 40% since monday that's just one of our charts of the week we're digging in on the action of four powerhouse names. that's next.

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plus, buy one unlimited line and get one free for a year. i gotta get this deal... i know... faster wifi and savings? ...i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? welcome back to "fast money. ahead of the holiday weekend we are giving you a chart of the week bonanza not one, not two, in the three, but four charts of the week. we'll go around the horn here. mike, kick it off. >> yeah. i was taking a look at air bus and a look at the chart of air bus relative to the chart of boeing since the beginning of this year. it's interesting because you take a look at these two companies it is a duopoly and yet you have different operating situations between these two businesses air bus has about 10 billion

euro of cash on the balance sheet. boeing has a lot of challenges we have seen some orders for air bus aircraft and air bus is a whole lot cheaper. we're looking at a tale of two airline manufacturers and i think this divergence is going to continue. >> dan, what is your chart >> i was looking at publicly traded fin tech names and they act badly this year to date. if you look at a sophie, bill.com, square, even paypal is unch unchanged and all those other ones town a lot. money lions went public via a spac crossed a billion dollar market cap today and had this huge move on no real news. look at the one-year chart that looks great. five-year basis looks funky, 30 for 1 stock split at one point they're growing revenues at 20 plus percent ant year, margins at 60% going higher. i'm trying to find story that were baby with the bath water a little bit, especially that went public via a spac.

>> kind of unfair to the others we have a chart on the desk asking for a chart of the week. >> just a moniker. my choice, international paper the world's largest pulp and paper manufacturer in the world, 56,000 employees, 1898 it was up almost 12% this week when the material sector was down value continues to under perform growth, but certain stocks alcoa, international paper, are coming to life international paper, ip. >> all right steve you're up. >> going solar first solar up 35% this week and if you look at they had two price target upgrades, ubs and sandler, both upgraded the price target on them and then there's another piece of that pie where the hyper scalers are going to use renewable sources of energy for ai so it's an ai story and then they could get a tax credit for the inflation reduction act. >> interesting i'm going to go back to carter here which of the charts of the other three gentlemen do you like the best? >> you know what, you have to

tell me the ticker >> money lion, air bus, and first solar. >> first solar for sure. >> thank you. >> all right up next, final trades. to start a business, you need an idea. it's a pillow with a speaker in it! that's right craig. a team that's highly competent. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-oriented. [jenna screams] and most importantly... is the internet out? don't worry, we have at&t internet back-up. the next level network. i sold a pillow! (office chatter) is it me...or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? can ai help your people work...

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we never stop looking for new mobility solutions. because sometimes the best road forward, is the one you didn't expect. (♪♪) carter, time for the final trade. mike. >> airlines benefit from lower oil prices oil prices are lower united is making more money than prepandemic but costs less. >> looks like our time has expired on a friday afternoon. >> it's expired. >> fun to be with the guys nike, maybe it's so bad it's good. >> carter? >> silver has dipped

by the dip slv. >> all right and steve. >> i'm looking for a biotech bounce for memorial day. thank you to everyone who served. >> same here thank you for watching "fast money. have a great and safe weekend. "mad money" with jim cramer starts right now my mission is simple, to making 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. hey, i'm cramer. welcome to mad money. welcome to cramerica. my job is not just to educate but to teach you. give me a call, 1-800-743-cnbc. right now i declare it and