eaahd of the earnings tomorrow >> is jaime dimon going to be back on the jpm call >> i understand from a source he will be. they kick off earnings tomorrow morning, 6:45 eastern time, also on closing bell, we'll have the cfo of wells fargo, john shrewsbury we're out of time here on closing bell thanks for watching, stay healthy. >> thank you very much we are continuing our coverage of markets in turmoil. welcome to fast money, everybody. hope you had a long, wornderful holiday weekend wherever you may be we have a big show for you tonight as the markets do this a little bit the dow falling 1.3% the tech heavy nasdaq, in the middle of a three-day win streak

here believe it or not, maybe your stat of the day, 164 of the s&p 500 are actually higher now year over year for all the market damage over the past year. a good chunk of the market still remains higher we have a great investment committee lined up for you again today. that would be guy adami, and karen finerman, who will join us in a bit let us begin the show by focusing on four big mac row calls today from well known firms, all kind of saying the same thing are you ready, folks let's walk you through it, number one, goldman/sachss, the market urn likely to make new lows morgan stanley, pull backs should be bought jpmorgan chase, we're going to hit all time highs in the market next year. piper stanley being more direct. the bear market has concluded. there you go

guy adami, you heard that, you have four calls all saying the same thing, it's not taken away from main street and the human toll we understand we are focused on the markets. do you agree with those pretty optimistic views >> no, but i hope they're right. the short answer is -- i don't see how we get there i thought the market when we made an all time high of 3400, 3393, you are assuming $160 worth of earnings. the market was trading at 120 times. we're not going to get anywhere close to 160 you could see 100. even if you say 130, it's a 20% discount the market was expensive at all time highs, i think it's expensive now, we have a great run off the bottom will we make another new low i have no idea, i don't see this thing continuing to ratchet

higher in this current environment, so no >> i guess there's another way to look at it, which is, i know we've had a little bit of a run here on the tech heavy nasdaq. if you throw 6 to $10 trillion at a problem like the government has, you may expect a little more in some ways. >> that was guy's dog flip in the background agreeing with his view on the market >> you have to ask what made this quartet of strategists bullish after a 25% move you have to look at friday's action by the federal reserve is something i think we'll talk about for years to come, the day a lot of debt in this country was socialized or at least the prospects of it could be, we talked about this on friday, i -- wondering what suddenly gets people bullish other than price action is the question. i think we're asking today we have seen the plumbing improve by the feds, talking about how liquidity in money

markets, credit markets, commercial paper, things that need to move to have not only business as a function, but obviously to have investors feel comfortable in markets that's very good hard to see where equities get away from you on the upside. there's very little in earnings season that will compel c suite who are not going to give you any second quarter guidance or much in the way of 2020 guidance to say much 6 anything does this put you in the same place we were with the job market when people knew we were going to have 6.6 jobless claims one week, and 5 1/2 the week before, and the market didn't blink. that may be good news for equities here, ultimately what's the multiple you want to play on the s&p 500 when we're going to be going through a painful contraction period the market hasn't been here, the last time we were here, trading the upside on the market was june of 2009 it's hard to feel the backdrop

was as strong as it is there you have to be cautious when you get this response from the street >>. >> you talked about this, you can disagree with them but these are huge firms with continuings or hundreds of thousands of clients saying we think the bottom is in, if that puts money to work it could become a self-fulfilling prophecy, could it not >> yeah. >> of course it could be i think you have to go back to 2019 and think about that rally we had in the q4, where we broke out in the s&p 500 and over the next few months we went to the highs. at the time every strategist on the street was tripping over

each other to raise their rates. then they started to do their repoe operations we had this liquidity reduced rally late in the year here we are now, the stock market crashed commodities crashed, the credit markets crashed, and we have a situation where we're off the lows we're at 3400 to 2300. people don't want to be caught offside at some point this year, find the bottom. if we go back to the highs any time soon, they're going to be in trouble i would not be chasing tails around here.

that's what's going on in my opinion. this is what these infrastructures are there to do, they're there to keep people invested this is a time where people should be preparing for the worst. and hope for the best. >> morgan stanley lays it out clearly. pull backs should be bought. >> right, i don't see this as a pull back, actually. i see this as a giant leap up, we're down 20% from where we were, i think the market now, after the run we've had is so much more expensive than it was at 3400 given the uncertainty that we have, this -- i mean, i guess if they're saying a pull back from here, but this to me is not a pull back given what's happened in the world.

so i'm always long, and that's sort of my cross to bear, i'm not adding new things here, because i think this market is really expense iive. >> very expensive, let's bring in another voice to this conversation that is christina hooper well known to our audience it's good to see you again you heard the conversation you heard the calls from those banks, there tends to be optimistic bias on the street. you believe that to a point. reading your research correctly, listen, be smart, think for the long term, you want to buy when things are less expensive. >> brian, that's absolutely right. let me qualify that by saying we can't think of valuations right now as an exact science. these are extraordinary times, and the dominant factor impacting risk assets is not

valuations, it is the fed. what we learned from the global financial crisis is that when the feds throws money at a problem, typically risk assets do well, regardless of valuations >> is there anyway to gauge valuations right now i mean, i think tim made a great point, with all due respect to our coverage i don't know what earnings are going to tell us the ceo's don't know, they're not going to say anything. is there anyway to gauge how cheap or expensive the stock market is right now? >> i think it can be a fool's errand, certainly we want to try, but it is difficult to do that i think what we need to do instead is look ahead to what we can imagine once recovery gets underway and also look to the policy tools that are being utilized now. it's nothing to sneeze at. we have a fed that's far more

activist than it was during the global financial crisis. and we have a congress that was up until now fully functional and relatively generous. this is an environment that should be supportive of risk assets that doesn't mean a straight rally up, it means a lot of volatility, but i do believe that risk assets are benefiting from this environment. >> let me ask you a question i generally agree with everything you're seeing about the fed. the fed, the extraordinary measures the fed has done up to this point i think about the global financial crisis we didn't bottom for another four or five months after that >> that is correct, but i think that the market knows what to anticipate now because we've seen this before so we're seeing a faster

reaction time. that doesn't mean that this is over certainly i expect more volatility, i expect up days and down days, i believe that as we see the fed to continue to bias ets, and really expand what it's buying, that should be positive for stocks >> just quickly, what looks from a macro perspective sectorwise, good for your team at invesco. >> technology looks attractive it's an area where we're likely to see improvement in earnings and revenue once the economy begins to pick back up certainly companies are likely to spend more of their cap ex dollars on technology going-forward. ditto for some within the communications services area as well >> christina hooper, invesco, it's a pleasure to have you on hope we can sit around a

physical table in person soon. dan nathan, i'm going to go to you you talk about the maga trade, the one thing, when this is all said and done. the one thing we're going to learn, is that work and how we live will change i think that christina's point is big technology firms whether it's through contract tracing. work from home networks. technology is very likely to be the big winner here. would you agree or disagree? >> 100%. i think the outperformance is telling you that i was just looking at intel down 2% on the year. a very very cyclical part of the economy. semiconductor. it was a big laggard to much of the space. when you think about some of the things that are going to come out of this crisis, internet of things is going to be a really important part of that, some of the technology that goes into

autonomy this is a company that spent the last few years buying companies, they spent $16 billion building out tear i and mobil eye there's a lot of things these guys should be piecing together over the last few years. it's hard to think about microsoft, apple, amazon, and maybe even alphabet given the way they have from advertising that won't benefit from some of the new trends that emerge in the post coronavirus culture >> okay. i'm sure we have a lot of thoughts on that, speaking of technology and being at home we have breaking news on roku. >> brian, that's right, roku shares spiking in after hours trading after the company announced it was given an update on the impact of coronavirus beginning in the late -- latter

half of the first quarter, roku was starting to see the effects of large numbers of people staying at home, this has resulted in an acceleration of growth and viewing the company withdrawing its full year 2020 outlook, saying it sees first quarter revenues that's versus 305 million it previously reported. it reports 3 million new active accounts since the end of 2019, it sees its first quarter streaming hours of 49% year over year you were just talking about the tech trends that will be forever changed because of this. it looks like there has been higher adoption much roku and its business and we'll see if that sticks around as well over to you. >> we'll see if those gains stick around julia boorsten, thank you. >> i wonder if some of the

things like roku will be temporary. hopefully we'll all be able to leave our home again one day, and i'll take you to a drive-in theater guy for a malted. >> i'll have the twizzlers as well, my own bag, by the way if you go back to 2018, look at that stock, tops out at $70. you go back and look at the last couple weeks where it traded down to. it retested that level the numbers are good kudos to dan nathan. he said you have to avoid roku here i think you have to add to this position to spite the move higher i think this is good news, i think roku on the back of -- i think the stock continues to trade higher from here, brian. >> tim, your thoughts. >> well, in a world of haves and have notes, you explain the

backdrop for where the numbers come from. ultimately, the question is valuation of roku. i have trouble in this environment buying a lot of these high multiple stocks either the ones in the defensive. but ultimately, if anything, those are the stocks that are setting you up for not only significant disappointment in terms of their comps that which was defensive today, doesn't have a motor around it tomorrow have you to be careful about chasing those stocks in the middle of this i think netflix is one of those, i've already said that that had a big day today >> good conversation there on roku breaking news, that stock up more than 9% you know what was not up today that was oil despite an historic and record production cult agreed on. earlier today, we had the opportunity to do a long interest view with the saudi energy minister. he hardly gives any interviews

we had one there are stocks that are up over the past year baron's laying out 12 of them. which of those names, look at all the names, does our investment group think could be 'ldi-byes from here to come. wel g into that and hear about oil coming up next you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today.

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hey! -hi! ♪ ♪ ♪ ♪ opec's decision on production cuts was anything but, but after four days of tense negotiations, the group along with the g-20. ultimately willing and able to agree on production cuts here's what the headline numbers show, despite the fact it can be a little confusing opec agreed to a 9.7 million

barrel a day cut for may and june after june 1st, it goes to 8 million barrels a day about then 6 million barrels a day for all of next year anything can be revised at opec's june meeting. follow that, that's clear compared to the g-20 i'm going to call it the bank nation brazil, norway and canada, they don't have an opec, they don't have a national producer, they can't say you're cutting this and cutting that they can through capital spending cuts, show the market what they are able to do let's call the bank nations 3.7. you're looking at probably a minimum of 13.4 million barrels a day, which is 13% of global production right now at 100 million barrels being taken off the market that's the headline number earlier today i had the rare opportunity to do an interview with the energy minister

one of the sons of the king with 30 years experience in the global oil and energy markets. we talked today, and he said, despite the headlines, he believes because of higher production numbers the opec plus cuts are more like 12 1/2 million. >> it's much bigger. a half million barrels the 9.7 is too we are doing 1.3 to bring us back to the 8.5. this is as a result of the high protection effort. the uae is coming at about a million. and i believe kuwait has made also an announcement they're coming down by half a million more than what they were doing >> that was part of the

interview there, it was a long interview, by the way, it should be up already, if it's not, it will be up momentarily >> in the interview, one of the things i asked him, when i asked him directly, i said, do you believe that -- what is happening is the saudi's going directly after and trying to destroy the united states shale market, in our interview today, he reiterated his position that that is not the case if you do remember or don't. back in december, in vienna aus tree yarks at the opec meeting, i asked him that same question directly about saudis opec and u.s. shale >> what is the fate of the u.s. shale sector >> we like them, and we would welcome them to come if we could -- i knowby law we would not. we were talking about good friday in an irish way

it's also a good friday for all our friends in oklahoma and texas and those who are producing. we've been doing good work for ourselves. but if it means that we are helping them, it would be an adventure. i have lots of good friends in those parts of the states, and i would be more than happy to enjoy with them a dinner, talking about how much we've been doing work for them it would be nice if they could hear a good word for them. not for myself, but the good effort -- >> they would love your $3 cost of production. thank you, sir >> that was our interview or at least question-and-answer session in the opec basement he reiterated similar comments saying, we're not trying to destroy the u.s. shale industry. mostly we're trying to put everyone on a fair and level

balance sheet. >> well, you know, it's hard to really know what the intent here is, there's arguably some opec plus producers including russia that are putting as much pain on an industry that before going into this was about the pain here's what i say about the cut and the oil markets, i'll call my storage facility half full, using the metaphor they're way full i like what happened and i think while it may not be enough, and demand falloff will be 15 barrels a day, i think this really prevents carnage in the second half of the year. i think that we've -- we've seen the bottom, at least with all the other status quo that we know right now, i can't predict the future based on other ingredients here the religion that literally has consumed many different religions involved in the geopolitics here, of what they have to do it's not just about putting the u.s. out of business, there are

a lot of other balance sheets that are in trouble. and i think energy bottomed. >> guy adami, listen, saudi cost of production is about $3. their social costs are higher, uae, kuwait, the same. nobody is winning at $25 oil, are they not that's the point that's cynicism on the part of the saudis, no way they're not winning at $25 oil, the u.s. is certainly not wing nobody is wing >> i appreciate you asking those questions and you have to take the man at his word, what i'll say is, nobody might be winning, but there are people out there that are more than willing to lose the battle to win the war, you can tell me whatever you want, one thing we're still entitled to is our opinions, and my opinion is, the russians and the saudis absolutely did what they did a few weeks ago might be a month or so now, i lose track of time to cripple our industry it comes to me -- it's no real surprise if you overlay the charlotte of when saudi aramco

went public. i don't think it's so coincidental i admire that you asked the question, i'll take him at his word for an answer if you don't think watching at home, that the saudis and russians don't want our oil industry to be crippled, i think you're reading the wrong book. >> they certainly might want it crippled, because we have been the price maker over the last couple years, kind of come out of nowhere, from 5 million barrels a day, to 13 million barrels a day, a lot of that is fueled by debt, and there are companies who trade today that i'm confident in saying, and i don't want to editorialize, their equity will not exist in a year oar two, but there will be survivors. are you ready and willing and able to bet on any of these companies surviving this and ultimately making themselves and investors a buck or two down the road

>> not yet i mean, i agree bankruptcies are, of course, coming it doesn't necessarily mean that there will be a complete contraction at all in what we produce. i'm wondering, brian, you can probably answer this better, that deal seems tenuous at best, and with it sort of phasing out rather quickly, it wouldn't be shocking to see it not really ever get going, and so i'm wondering with the oil here. is oil saying we don't think this deal is so great but we're -- it's just bottomed out. even without -- >> your point is well taken, 35 million barrels a day, it's not enough i asked them, could they get more aggressive at the june virtual meeting. by the way, that interview i

think it's up on cnbc.com. if not, it will be very soon coming up, we're going to meet another ceo who has taken over steps to lay off 12,000 workers. you're going to meet him and hear what he's doing as well how close are we to maybe some kind of treatment for this fa meywee g do, you're watchin ston, 'rback right after this it's a challenging market. edward jones is well aware of that. which is why we're ready to listen. and ready to help you find opportunity. so. let's talk. edward jones. it's time for investing to feel individual.

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positive news about a possible treatment for the

coronavirus. gilead science continues to move forward on that. >> it wasn't in a clinical trial, it was from a collection of patients that received this drug these are severely ill patients not included in clinical trials. gilead showed that 68% of them showed clinical improvement in terms of how much oxygen support they acquired. 30 of those patients were on ventilators. 17 of them were able to come off of that support. seven patients included in this group died because it was compassionate use, there was no control, no group to compare this to in the new england journal of medicine article, the lead author on that saying, there's no proven treatment for

covid-19 but the observations from this group of hospitalized patients who received remdesivir are hopeful. hopeful is the word a lot of folks we're using. we're going to see that pretty soon gilead says we should see data from its trial later this month. >> maybe some good news there, meg terrell, appreciate it coming up after the break. banks are not set to care about earnings, but the future we'll find out more as well. could they give us much needed hope about a possible treatment? we're going to find out and hear aye options traders m b

doing around j & j a lot more to do on fast money, we're back wright after this t r, the world needs all the good that we can do. to everyone working to keep america strong, thank you.

welcome back to cnbc's fast money. we're about to enter what we used to call earnings season it's doubtful that a backward looking indicator is going to matter a lot given that the last month of that quarter pretty much saw the greatest single handed slowdown in the history of the american economy. however, we have to pay more attention perhaps to companies like the banks are seeing right now and saying about the future. what are you looking for >> i think that the other panelists are going tohave a

lot more constructive things to say about the banks, their earnings power how they're positioned into this crisis this is not the banking krisz is from 12 years ago. i think it's worth noting last year, the last time there's a volatility you know, that obviously portends some difficult time for the economy. we know that has preceded every recession prior, we're going to be in a recession now. i make one point the yield curve inverted in 2006, it started going up pretty steadily in '08, '09 just as bank stocks were crashing bank stocks now are some of the hardest hit stocks what are we seeing we're starting to see the yield curve after it inverted last summer, it's widening out again. to me, that does not -- that should not mean that bank stocks are out of the woods a lot of their businesses are very exposed to some of the industries that are very impaired

and i would say that we are very early on in this economic crisis the color we get from banks, i suspect is going to be somewhat disappointing. it's not going to be -- we're not going to see a ton of visibility on the earnings either >> we know that things are slowing down on main street. i don't know about you guys. everybody i know on wall street, despite having to go through all these hurdles seems to be pretty busy volumes are up, the markets were dislocated but that means there's opportunities. what are you closely most watching when it comes to the banks. >> for me, it's all about credit quality, i agree with you, trading revenues will probably be, and capital markets revenues will be pretty good. it's really all about credit and as you said the march quarter doesn't really matter. and companies could make it through marine ones that won't make it through the next quarter, survived those three

weeks of march they had to get through the finish line. it's all about credit quality. and really having some sense of how badly this balance sheet, even though it's very well capitalized, how badly it's going to get hit i don't know that they have visibility yet one thing that's been focused on a lot is will the banks continue to pay dividends jpmorgan has paid out about 30ish% of their earnings and dividends. the rest they use for buy backs and book value i don't know if they will feel comfortable paying out all of their earnings let's say they get crushed by two thirds i don't know if they would feel comfortable using the last third to pay out dividends i don't know that they'll have clarity on that. i'm glad that jaime dimon is back, that's great, we need them right now, i want to hear what he has to say about the economy

and also the fed really did them a favor with looking to buy every type of security as much as they have loans, they have other securities as well. that helps the banks, to me, it's much more important than the net interest margin or the trading revenue or what's happening in their asset wealth business, it's just about credit quality. >> tim, listen, i'm not trying to be glib when i say this, i think there's going to be -- >> there's going to be a lot of ceo's and cfo's who come out and say, our earnings were terrible and we don't know what's going to happen. and that's, i think going to summarize a lot of the guidance we're going to get. >> yeah, i think jaime dimon who has been sober of late on some of the comments. he's been a thoughtful rational folk here, i think he had a question where he said net income doesn't matter.

the revolving loan, there's been runaway issuance, they're making a lot of money in capital markets right now, i care about credit, i don't think we have an insight into that credit horizon in this short term >> tim seymour, earnings season, like it or not, is certainly upon us, coming up >> what else is coming up? 7:00 tonight, the story, the economic story, the health story, everything continues to evolve, all the latest you need to know about the markets, about the pandemic, everything that is caught in the middle coming up at 7:00 tonight. coming up, we've heard the stories about ceo's laying people off, while paying themselves more, coming up, we're going to meet a ceo who's done the exact opposite, he's taking steps to make sure that none of his 12,000 or so employees lose their jobs. it's a couple simple steps he's done to save their jobs. maybe other ceo's can learn from bob chapman coming up right

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one of the biggest economic stories out there has been the airlines, travel has been you irly decimated all while they await federal aid. some of the statistics i saw, there's basically like 99% of people who used to travel aren't. >> yeah, well, and we have a new one, just got one a few minutes ago. we'll share that with you at the end, that's called a tease, brian. the payroll grants that the airlines were lobbying congress for, that was approved by congress, the airlines thought, we're going to get $25 billion that doesn't need to be repaid

in exchange, we won't lay anyone off. the treasury secretary has the latitude to change the terms of those, he's decided 70% will be immediate cash the airline s don't have to pay. the other 30%, low interest loans they do have to repay. they're not happy about it, but be grudgingly, they're likely to accept these loans or the grants that include a debt component. here's the concern within the airline industry, that there is a debt component as part of these cash grants that have been offered by the treasury department when you look at the debt levels of the airlines, consider this, just since february, just since february, take a look at some of the airline stocks, you are looking at an industry that has taken on an additional $15.2 billion. $15.2 billion in loans, just since february and that's why fitch and other credit rating agencies, they cut

the ratings for the airlines and basically said, look, they may have to take out even more loans in the future. they may borrow from the government another $25 billion they may have to go to the private market after that. how much more do these guys have to lever up in order to keep this industry at the level of employment where it's at right now. i just got this a few minutes ago. the number of commercial flights in this country is down 70%. the number of commercial flights globally down 80%. that gives you some indication of what kind of an impact the coronavirus has had on the airline industry worldwide and also here in the u.s >> we're going back to the flight levels of the 1950s probably literally. >> you're down 90% in terms of

the number of people that are flying right now rather than the same day a year ago. >> pictures of one guy on the flight, and he's the one that took the picture guy adami, any of the airlines investable they're getting back stopped >> no, but i don't -- financial alka my notwithstanding. i hear everything you said about the amount of money being poured in here, and i get that part of it, the question you have to ask yourself if you're watching us at home is, do you think over the course of the next 6 to 9 months to a year, we're going to have any semblance of normalcy precoronavirus in terms of the airlines my sense is no and business travel is a huge part of it, i think people have learned the hard way, maybe it's not necessary, so as much as i'd love to say they're screaming buys i don't see it, when you see american and united were down 4% you bounced off the lows made a couple weeks ago

not really in a meaningful way, in my opinion, along with the broader market i think there's more pain ahead for the airline stocks >> i'm not going to editorialize here based on aggregated wall street estimation most people consider delta to have the best balance sheet. would you be a buyer of delta? >> no, i agree with guy. i'm concerned about the industry, i don't think we're going to have a real v shaped recovery i don't think we'll have one for the industry so, you know, if you look at their onds, and i feel like th credit markets have a better understanding than the equity markets. until the fed said they were going to buy debt that has become junk recently which was delta, those bonds were trading in the 70s, to me, that says the equity value is too high, given where the credit markets were saying they would be no, i mean, i'm sad for them

it's a great company, but i don't want to own the equity >> all right, karen, thank you very much. looking there at the airlines. there's been so many stories out there about companies furloughing workers while the executives raked in all this cash let's flip that story on its head i want to bring in a ceo, inc. magazine named him the third best or most recognized ceo in the united states. he's taken some simple steps to make sure that all or nearly all of his 12,000 employees are able to keep their jobs bring in bob chapman, the ceo of a privately held company based in st. louis, missouri i reads some of your stuff over the weekend after hearing your story. thanks for joining us. you sliced your own salary, you asked some of your workers to take some unpaid vacation time, but what have you done else to make sure all your team members stay employed? that's what matters right now? >> well, one of the things i

want to stress is that business could be a powerful force for good and right now our focus is on our people how can we as businesses focus on creating an environment where our people feel safe and valued. what we've done is we've done a lot of things, taking a little pain, so we don't hurt anybody the key here, brian, is your business model design, we designed a robust business model that takes us through worse conditions we're good stewards of our financial balance sheet, we're going to get through this without hurting our people, that is our focus, that is the responsibility of a leader >> how long can you keep that up, bob, biced on current trends >> it is my sense from our latest estimate given the backlog we have, and we serve basic industries, like the tissue -- toilet paper industry, the beverage industry, the pharmaceutical industry, we

serve corrugated industries. our businesses are built around serving robust businesses, so that we -- again, my responsibility is to give my people in my span of care, a grounded sense of hope for a better future.

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what are you looking at for tomorrow >> this is implying a move of about 5%, much bigger than the 2 to 3% or so it averages. options were above average today as well. the most active calls for expiring this saturday buyers of those calls are betting that the stock could be up that 5% implied move by the end of this week >> mike, thank you very much watch those numbers tomorrow after the break, barrons names 12 stocks it thinks it could keep running the traders take on names you may want to own right after this ♪ ♪

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welcome back to fast money barron's over the weekend laying out 12 stocks that have benefited from the chaos surrounding this work from home environment. anything from gilead, dollar general, which pushes video over the web. and even an oil and gas company. kevin flynn saw that article and said, let's talk to the investors about those names. we're going to start with guy adami. he for a while has liked dollar general. everyone has piled in and piled on, has it gotten too rich for your blood >> yes, the move has been pretty ridiculous i would understand why based on what you just read from barron's

they would want to take profits here the other stock mentioned, there's new mont mining we've talked about since last fall the goal market wants to go higher if you asked me to pick two, those would be the two >> walmart doing a lot of good, hiring a lot of people, is the stock attractive >> the stock is kind of expensive, certainly this market expensive. it deserves to be. as you -- they're hiring a lot of people, their online business businesses this is a true test for them, they're passing well now i think they will see a more permanent change to online even if the economy goes back to somewhat normal. i think there will be a shift in

how much we do there's a lot to like there's a tiny bit stretched on valuations it's kind of walmart light with a walmart light multiple it's cheaper, i like where walmart is and what they're doing. >> yeah, i was told tim seymour there's a name on this list you like, i promise i've not seen the notes, i'm going to guess it newmont mining >> you're kind of right. how about gilead and nasdaq. gilead, it's not just some covid-19 prospects it's all about the balance sheet despite the fact that the company has been so defensive. nasdaq debt to equity, point 5 growing 8% eps growth. and certainly some derivative products there >> it's fine

>> you know what, dan, we'll get yours later this week, we promise. thank you all for watching cnbc's fast money. nasdaq up, dow down, jim cramer's going to lay out all the market my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job isn't just to entertain you but to educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. this market spent last three weeks roaring off its lows after not