of a near term recovery. that's the dynamic that's going on below the surface of this market >> starbucks after the close will be really interesting given what they've seen in china and also samsung ahead of apple coming, of course, fairly soon as well. we're out of time for mike, sarah and i, thanks for watching welcome to fast money, i'm melissa lee. coming up on fast, what you can expect when these tech titans begin announcing their results >> our -- president trump wrapping up a meeting with retail executives. kayla has the lightest

>> reporter: this white house press conference will now be at 5:30 p.m. where we expect the discussion to revolve around testing capacity so more americans can get tested and go back to work the white house is expects to release two documents this evening. one is a chronicle of actions taken to date so far to ramp up the capacity of testing in this country. the second is essentially a blueprint for states for how they can get access to more tests, and what resources the federal government has that are available to them. the president hosted many leaders from retail and farming companies to talk about how to leverage the retail industry here's what some of these companies said they were willing to do. cbs and lab corp. are expected to provide 1,000 locations with the capacity to run 1.5 million tests a month according to some of the promises that were released today walmart is expected to open a

total of 100 sites, they say they will be able to test 20,000 a week target has provided some parking lots for other personnel to be able to run those tests. it's unclear what they are able to do with their own personnel after the president earlier this year asked them personally to get involved in this fight there are a couple others as well lab corp and i said i believe cvs earlier. it's lab corp. and walgreens conducting 50,000 tests a week cvs is going to provide 1,000 locations. they're hoping to get online to that level by the end of may a lot of these facts are coming in realtime, we're expecting more information to come out of the white house momentarily, they're trying to leverage the private sector here, to get all of these tests up and running, even if it is several weeks after, it would have been most

helpful. >> thank you, kayla. >> retail by the way, a big winner today as retailers bet on reopening the economy. are you betting on retail? should you and are tests really the key for this sector here, guy? >> i think you bet on some of them are tests the key for the sector for the market i know everybody's pointing to that, i think there are a lot of other things on the surface that are very concerning. i'll answer your question. the retailers that have turn well in my opinion are going to continue to do well. we've talked about dollar general for a while. today i thought what's fascinating was the move higher in target post earnings last week, obviously the move lower in walmart, i think that trend will continue, i think you can buy target and if you're into it, you sell walmart against it. i think all these big names, the macys, nordstroms, bed bath and beyond, to me, i'm not sure why

necessarily today, but it's a lot of short covering into earnings over the next couple weeks, so i won't be chasing those, but i'd be staying with the names i mentioned prior. >> the volatility is what you pointed out on our conference call earlier today we see a 5% move down on the same index >> really interesting. when you think about retail was a sector that you expected to be hit, when 95% of u.s. retailers were forced to be closed down here, i think we're seeing extreme volatility, you think about macy's, nordstroms, kohl's amazon, walmart, target, costco, these guys have been anointed the winners here they were anointed the winners before the crisis, and because of the forced shutdown of all of

their competitors, they've just done great. >> i mean, kayla had mentioned all this testing, lab corp. separately said they could do antibody tests and expect to be able to do 2000 tests a day by mid may. of the four of you, i would point to you as the one to most likely walk into a store and buy something, but what will it take for you to go into that store? i mean, a widespread antibody test that's sort of the question here how long can retailers with stand this pain? >> they would need to have some kind of suede or leather advertised in the window if you look at the outperformance of retail, and remember, this is a sector that's outperformed the s&p by almost 17% you do the spy against the xrt, of where there have been massive performance. it's no question that retailers

are getting some sense that you have a little bit more visibility and to truly where you have revenue stream after this complete shutoff. the question for retail has been the most levered names were the ones that were under the most pressure doesn't mean they have a lifeline we've talked a lot about macy's and macy's is one where i don't think macy's comes out of this a stronger company at some point the valuation was really a very attractive or is attractive relative to the parks. real estate value alone, something like a best buy which also the analog from 20, 2008, 2009 is something that investors punished more going into this relative to what they thought the consumer was going to be like coming out of covid-19. we still don't totally know. i think someone like a best buy is very well exposed to the stimulus checks that go into households there are some relative winners in here, i agree with guy,

relative value is the other part of this. i don't want to own walmart at this valuation, someone like target -- while i don't love that story for the consumer overall, it's i much more attractsive trade. >> i know you are contrarian at heart. i'm picking the right person on the panel for this he question in terms of the move in the xrt, could we be seeing this sector anticipate a reopening of the economy in advance as stocks do. especially as the texas governor announces the april 30th expiration of the stay at home order, that is going to expire texas is going to effectively reopen to some degree already this week. >> yes, so we're going to see texas and georgia are going to be these test cases for us, if you willp to me, when i look at what's going on in retail, you say, this event is going to accelerate the trends that have been happening in the past which is the trend to online, you have curbside pickup, those

type of things, that to me is what's happening here. so i don't want to be in a macy's i don't buy the story that macy's real estate is worth what it was prior to this crisis. i mean, there's a lot -- there's going to be a lot of real estate devaluation. macy's reminds me of sears years ago, you're going to be able to sell off the real estate and sears went to a bagel, that's zero macy's a couple other retailers that are asset heavy, they're going to have problems the ones that are going online, you're seeing it with walmart, potentially target, those are the winners on this. >> i like the choice of bagel over doughnuts, a nod to new york that is a team in this whole pandemic we had that note about disney and streaming, usually how situations like this are accelerants to transit that have

been in place. they used that exact word. can we apply that in your view to retail? >> i believe so. i absolutely believe so. we've said this for a while now, many of these retailers we talked about at length, they were on this trajectory prior to the word coronavirus ever being uttered in mainstream media. obviously this to your word and nathanson's accelerated it i'll ask you this. what's the day after thanksgiving, what do they call that >> black friday. >> and then there was cyber monday >> happy turkey day, right >> everybody lines up. do you think -- seriously, do you think there are going to be hoards of people lining up when they open at first >> probably not. >> no is the short answer. they can open whatever they want, people aren't racing back, they can say they'll pay you to go on an airplane right now,

it's not happening i understand people want to be optimistic, i get it, trust me i get it, i just don't think we're at that place right now where people are ready -- you know, the pent up demand that everyone talks about, i understand it in theory, i don't necessarily know if it happens in real life >> dan, quick. >> yeah, just real quickly the half time report talked about on the other end of this crisis this consumer in 2019 was going crazy on credit to consume at levels of 90% to gdp versus normally 70% when you think about the massive job losses that we have had in a short period of time, and the likelihood that they don't come back for at least a year, year and a half consumption may be down a great deal we may get back to some saving, we may get back to the pent up demand for the checks, on the way out they may not be

splurging on big ticket items. >> let's talk about this changing, turning to another industry the casino stocks cruising higher to kick off the week. all locking in big games these names are still down big on the year, could it be time to get constructive on what the future holds for casinos we heard from the mayor of las vegas coming locally wanting to reopen the strip he's starting to think about what casinos could look like in this new environment if people have to be six feet apart, andpeople have to get their temperatures taken before they walk on to a casino floor, are you going to go? >> well, i like to get to vegas a couple times a year.

i think at some point you will go we have to understand what the new normal is. i mean obviously purely from a vaccine and treatment perspective. people will go back to casinos, if you're investing in casinos, 22%. extraordinary release. 70% in 15 days or so a lot of this since april 7th, they guided on q1 and gave a liquidity update this is a company that has 3 billion in reserves or cash. they're burning in between macau and asia they're burning $3 million a day, in the strip and u.s., they're burning about 3 1/2 to 4, call it 8 million dollars a day. this is a case where if you're a medium term investor in casinos, i think you have to own them again, if you look at wynn,

let's start there, i think in the second week of may, you have a case where you're getting the u.s. assets for free, based upon the valuation you have here. and i think gross gaming revenue or ggr in macau was priced down to nothing and i think the trendses there were pretty decent going into. again, i think a lot of this will come back, it doesn't have to be tomorrow, the stocks have a massive move >> i hope it comes back, even in the medium term, and i'll go to bk on this, let's say they reopen, and people have to be six feet apart, what does that mean for capacity in terms of the number of people on a percentage basis can occupy the floor safely let's just say for argument sake, every single possible seat that's six feet apart is occupied by somebody who's gambling what does that mean for the revenue for that particular casino still >> still >> a couple different things to remember on all this, the fact

that all these casinos are hotels as well many hotels when they're below 90% occupancy rates lose money and cannot operate i don't know how you have a casino that's half empty or half full depending on your perspective, and a hotel that's a third full or a half full and think you're going to generate the same kind of revenue as before the other thing i'm struck by, i know these casinos want to open up, i'm sure people will go there, there's a huge divergence between what the casinos are saying, and the airlines how do you get to vegas? you hop on a flight. they're saying it's 1 to 2 years away before you get any type of volume brac up that's going to impact vegas with the runs off the bottom in these stocks, b.k. is a seller >> last word, guy. >> so in early march, we mention how well relatively speaking wynn was trading vis-a-vis the

broader market i know the last couple weeks, we said wynn resorts could trade up to 85 on air and today it traded up to 83.99. that's work, that's been the right call not because anything has fund amounts ali changed. you buy these stocks when things are getting less bad with that said, there's nothing more lame, i taught you how to play craps, remember >> you didn't teach me anything, i don't know how to play craps i don't know what you're talking about. >> casinos with two people at a -- it ain't a casino, maybe that's the new norm, but to bk's point, there's going to be an opportunity to short these things, we're probably a week away if wynn were to trade up to $90, i think you sell the double. >> i just say no to gambling, by the way. gm's dividend. we'll find out if our traders

like any of these names. later, we're kouning down to big tech earnings. will it be a mega week for magg ga stocks?

welcome back to fast money, another dividend bites the dusts. gm's not alone, in case you lost track at home. this is a giant scrolling list of all the companies that cut their differ dengvidends in rec. we thought this would be a great time to play trade it or fade it >> dividend cut edition. we kick it off with guy ognjen motors

we ask this question, because there's a couple ways to look at a dividend cut maybe they're being conservative in shoring up their balance sheet. >> right can i ask you a quick question i'm sorry, it's been a while, the trade it part means i think it's going to go higher from here so we're trading at fade it. >> you know i don't like when you start with me, i usually cheat off the other guys >> i usually start with you, and trade it mines you buy it, fade it means you sell it >> fade it, fade it, fade it it's funny, it's not actually that funny if you go back to this new iteration of gm. it hasn't been a particularly good stock, it's been an abysmal stock. the s&p has gone from 700 to current levels and general motors has gone from 33 or so to

where we are now i don't see any compelling reason to own it the valuation argument has been there. that's not going away, i would say, if you want to roll the tape, fade it. >> i'm wondering if you agree with guy thank you for the sound effect a little delayed there if you agree with guy on this, and i will also ask the follow-up question in advance, would you have bought gm regardless of what it did with the dividend anyway, did you like it or did you never like it? >> so i -- to answer your second question first, i don't think you're buying gm to get the dividend you're buying gm because you think global car sales are going to go up, you're going to have a growing middle class around the world. growingal motors people have called it. that's why you're buying gm. in this environment, i don't want to touch it there's a lot of cars out there -- think about -- that's a fade it. you got hertz, you have avis,

you have all these car companies, all these rental car companies that are saying they're down they're going to be selling cars like crazy i don't think gm's going to do well >> tim, schlumberger >> i'm going to trade it look how it performed today with oil down 7%. they cut their dividend by 84% they've gone out of their way to let you know where they have realed in capex. this is the case where you priced in enormous destruction and at this point the stock actually has the cashflow, the stock is the most efficient player rig counts have been cut massively. the sector is not going to get rosie on you over night. it's what it's traded this thing down to, i think you can own schlumberger here. i think it reinforces that view. i trade it

>> have i miss traded or faded >> darden is the next one. trade it or fade it? >> i think you fade it here, the stock has gotten destroyed without a lot of visibility about their business going-forward. but it has a huge run off the lows here. listen, i just take a much more pessimistic view of the economy here, i think this is going to take us a lot longer to work our way out. i can't speak to things like oil and rig counts and all that stuff that tim was just talking about. if you look at main street, you realize there's going to be tremendous disruption to the restaurant business, so, i'm hoping that darden makes it out alive. when you think about the fact that they're not going to get back to peak earnings until 2021, 2022, i don't see why you buy this after that big run up it's had over the last month last one up, trade it or fade it, hilton? >> this one's an easy one, it's

a fade it, we talk about the casinos -- you fade this one i think it's going to be an awful long period of time. before these rates get back to anywhere near the place that they can make some money >> you're raising your hand, guy, i will allow this. >> i know that there are five of us in five different spots, the crack crew in ec hopefully they can play the following sound bite on the back of b.k., the great paris hilton saying, that's hot >> that's hot. >> there you have it good for you the market seems to be pricing on a big move from the fed this week. what if they don't deliver we'll break down the big fed bomb is trouble brewing for starbucks. ayitusfa iba in two. 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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finishing higher today for what could be a major moment of the truth for the market the fed kicks off a two-day meeting tomorrow, buying whatever it takes to stabilize the economy, the stakes couldn't be higher. listen to what the chief economic adviser said earlier today on sidewalk box. >> if the fed went all the way down to high yield, why not one step further into stocks do they keep quiet and allow that implicit fed put to level the stock market i think they're going to avoid this issue

>> that would be an interesting proposition, i'll kick it off with you let's be clear, the fed on its own can't buy equities, it would need congressional approval. in this crisis era, that may not be too far off either. is there a belief in the marketplace that perhaps the fed could step in and really be a put for the market >> i hope not obviously, we're going down a road i don't think we should go down, the second point is, i understand the crisis we're facing on the health front in terms of the stock market the s&p 500 is down 16% off its all time high? that's no crisis obviously a couple weeks ago may have been a different story. the markets come raging back, to even have that conversation right now seems to me to be a little premature i'm not a fan of a lot of things the fed has done, and i can wax poetic as to a lot of the

reasons i think we've gotten to where we are right now let's hope it doesn't have to come to that >> what's interesting, and you pointed this out, the fed has been in so many asset classes at this point, there are so many distortions within this market, how do you use for instance hyg. a lot of people point to hyg as the barometer of the healthof the stock market >> todd lee has been pointing this out, hyg is diverged from certain other asset classes, the fed's actions was to get the plumbing going, and therefore there's been a lot of issuance and he thinks that's bullish, i don't disagree with that, we're getting some deals done that need to be done. and that's going to ease some of the pain that a lot of these companies are feeling. the main point here is disorganization, i'm going to make a lot of fast money fans

very happy if the fed starts buying stocks here, i'm out. it doesn't make any sense. you guys may get your wish, but to guy's point, if they start buying stocks here, we're just two months into the biggest economic crisis. one of the largest draw downs we ever saw one of the biggest health crisis that we've seen in decades if not 100 years, and they start doing it now, it makes no sense. price discovery is out the window why own risk assets, you're never going to know what they're really worth >> dan, there are plenty of people who do love brian kelly, when i think about central banks buying stocks, i'm not familiar enough with japan you are much more familiar than i am with the context and whether or not it was met with surprise that they went to that last resort. >> you know, it was initially met with surprise, i think probably the more important thing for equity investors is,

did it work? did equity prices go higher? and the answer is no eventually that just wears off, i think that's probably the bigger risk that the fed has here the bold case here is built on the fact that the feds are going to do everything they can. once they've done it all, and it doesn't work, what are you left with that to me is the scarier part i would just add that it would make b.k. very sad if they bought stocks and dan had to quit our next guest says thanks to the fed we're heading back to all time highs. i'm going to continue the the conversation we've been having here, the notion that perhaps some participants in the market may believe the fed could step in and buy stocks. i mean, pending congressional approval do you think that has entered the realm of discussion wrn the

walls of the federal reserve >> i seriously doubt it, i think the fed has to be satisfied with what they have accomplished on march 23rd they announced huey forever. an unlimited buying of bonds not just treasuries. but through special vehicles they started buying investment grade bonds. they're buying triple b's that had been on the edge of falling into junk. they've already been effective in turning the stock market around in a big way, that's because of rebalancing, there are a lot of institutional accounts i talk to, that wanted to get out of bonds and into stocks when stocks got so cheap. they had come down to almost zero they got their wish when the fed came in and went from bazookas to b-52s and carpet bombed our

economy you just saw all these accounts moving out of bonds and into stocks and that explains why this market has ricocheted so dramatically here to the up side i agree, the fed doesn't have to do anything. they've already done more than enough >> in terms of your call for new record highs what needs to happen in your view for that to happen? is this the v shape in the stock market people were hoping for? >> honestly, we always get new record highs as long as the world doesn't come to an end i'm not expecting the world to come to an end, i don't think this is the spanish flu, i think we're going to get through this in a matter of weeks, note months or years. we're already starting to see our economies opening up, if we do it gradually and intelligently. everybody should be wearing masks in addition to washing their hands. i think we are going to open up

the economy, and i think we'll accommodate to this new world that we're in of being more conscious about the health situations we have technology, we have health care companies that are going to definitely benefit from this kind of environment and i think there's going to be a consolidation of businesses. there's going to be fewer quality companies to invest in, and they're going to have ipe's. >> let's fine point this, in terms of your call for new record highs, we have to exceed where we were in february, right? >> yes >> what's the timing on this in your view? >> yeah, timing is -- >> important but if you get the basic trend right, you can deal with some of the volatility, we have had a heck of a lot of volatility recently i was looking for 3500 by the end of this year, the beginning of the year before the virus

hit. and we got to 3300, we actually got pretty close ahead of schedule when the virus hit i said, you know what, i think we want to have some cash just in case this virus turns out to be a serious correction so far it looks like a 33-day bear market and has rebounded to a 15% drop from the top. i'm looking for 3500 by the end of next year i'm pushing it out i don't know what to do. the number i change to for the number of this year, we're already there. i'm not going to get too cute about it, i'm going to leave it there, see how this market absorbs some of the news that we still have too absorb in terms of earnings and all that, i think the trend is higher, and we did make a low on march 23rd, thanks to the feds qe forever. >> ed, thank you

>> tim seymour, what do you think of ed's call >> well, if ed is basically arguing a couple things, he's arguing that from a reallocation and a rebalancing perspective, a lot of fundses have to go back into the equity market i think that's a fair one, jpmorgan has been saying that. you have a case where cases came into this -- we take it as a given that multiples are not going to make any sense. the one thing i would caution on, you've seen companies coming in and stepping into the investment grade bond market over the last couple weeks ultimately, i think that's good in the short term, i think you're getting to the place where companies have levered up their balance sheets dramatically, what we look like on the other side is still very much unknown i don't see in the absence of the oppression, that the fed has thrown at anyone who wants to save or have a fixed income, they've been forced into

equities, i think that's going to be something that really gives equities more bang than people think >> this notion that ed brought up is interesting. the interesting of companies, low quality companies may be going out of business. what does that do to the overall shape of the market. we're already in a market that has very little breath when it comes to the haves and have notes. the ones that bounced off the lows, the ones that haven't recouped those losses? >> well, listen the equity market has reflects what's going on in the economy, there's fewer and fewer winners in the stock market and we're socializing the losses of everyone else. you had a great segment of carter the other day, talking about the concentration in the top five of the s&p. the highest point in 30 years or so, and goldman sachs was talking about it over the weekend. when you see that level of concentration and that narrow a breath, it doesn't end well.

i don't know why it would be different this time. i think there's a massive disconnect between wall street and the stock market and main street and i think that's what's going to play out over the next year 3400 by the end of 2021, it's optimistic, i don't see it, the idea that we are all so afraid of a protracted bear market given how difficult the circumstances are right now, whether this virus goes away, like a miracle the aftermath of the economic effects are going to be here for a while, and the equity market does not reflect that right now. coming up, tesla on a tear what is helping this stock rush the s&p 500 this year. that's why we're offering contactless delivery and set-up on all devices. and for those experiencing financial hardship due to this crisis, we'll work with you to keep your service up and running.

hi! because at at&t, we're always committed to keeping you connected. let's go straight to the white house. president trump is in the rose garden. >> today i'd like to provide you with an update in our war against the coronavirus. thanks to our comprehensive strategy and extraordinary devotion to our citizens we've had such tremendous support all over we continue to see encouraging signs of progress, cases in new york area, new orleans, detroit, boston and houston are decleaning denver, seattle, philadelphia, washington, d.c., atlanta, nashville, indianapolis and st.

louis are all stable and declining, all parts of the country are either in good shape, getting better in all cases, getting better. and we're seeing very little that we're going to look at as a superseding hotspot. things are moving along. really a horrible situation that we've been confronted with, but they're moving along as we express our gratitude for these hard fought gains, however, we continue to mourn with thousands of families across the country as loved ones have been stolen from us by the invisible enemy. we grieve by their side as one family, this great american family and we do grieve we stand in solidarity with the thousands of americans who are ill and waging a brave fight against the virus. we're doing everything in our power to heal the sick and

gradually reopen our nation. >> we're listening to president trump in the rose garden with his coronavirus update we'll monitor this and bring you any headlines as we have them. tesla cancelling plans to bring workers back to its production facility. a report that employees were heading back on wednesday. that would be before the stay at home orders in the san francisco bay area were officially lifted. tesla stock is up 85%. what's your take on this move? >> you know, what a surprise, tesla says something and changes their story. tesla at $800, i'll sell that to anybody that wants to. i do think you have a case where the shanghai story has been supporting it. the earnings in the precashflow has been critical to bringing

some sense that the company can do this profitably, i don't think this is an environment that's better for tesla. and that's not just the macro on where energy prices are, and not just credit markets i believe truly are. it's a case that that car, the model three, which is the mass market car, i'm not sure that the demand is where it is in this environment look, $800 is a level that i didn't think the stock could ever get to. that's very clear. >> do you think that demand prepandemic will be the same post pandemic or even during pandemic >> i think going-forward the demand will continue to increase in the short term. with energy prices cratering, and dan uses the word, he's right, crashing. that should give some sort of a

tail wind to these manufacturers like gm and tesla. i zigged when i should have zagged i can't get on the right side of it, it's clear i'm missing something in terms of the stock, and it's doing what it wants to do i'm sort of in tim's camp here, and with that said, i watch these moves and find myself shaking my head of all stocks, tesla should not be doing as well as it is. a big bright spot in the retail wreckage. don't miss our special coverage of markets in turmoil, that's coming up tonight right ren bche ocn that's why you can rely on nature's bounty... to give you the support you need... to stay motivated keep active and sleep well. add a little more health to your day... with nature's bounty.

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welcome back to fast money, the coronavirus wreaking havoc on the retail sector, some wrong line retailers are seeing a big surge in demand, including our next guest company they're an online sneaker reseller, including up front ventures and foot locker great to speak with you. >> how is it going >> a lot of people are home, are they buying high end sneakers? >> yeah. luckily, i mean, we built a diversified business that stands sneakers, apparel and accessories. individuals are reselling, brick and mortar retailers and the brands themselves. >> of course we've seen some changes in our shipping logistics. our flight club brick and mortar retail sales are closed. with over 20 million members at home, sitting around our business has been resilient for

both virus and sellers during this time. >> in terms of liquidity and the ability to operate, i'm wondering if you have enough on hand or if you've gone back to investors and what your take on the environment is. >> my co-founder and i started working together during the 2008 financial crisis we're no stranger to the dip in the economy. a sustainable business model has always been our priority we focused on having strong economi economics. and that's why we built our marketplace the way we did they fluctuate it's really us being our partners and sellers our sellers depending on the liquidity needs. we help them fulfill -- >> dan, you got a question

>> hey, eddie, i'm a big fan of the goat app, i've done purchases via the goat app, but i also live in the city, where fight club -- before the pandemic, you guys were thinking about expanding flight club what does this do to those plans. >> we're still very -- >> my whole piece is that the best brick and mortar retailers will continue to survive and thrive once life goes back to the new normal we're pretty excited about what we can do for that channel, especially -- we've seen a resurgence in even the michael jordan shoes there's so much more excitement. and that experience is having on retail, it's going to be important in the future as it was in the past.

>> great to speak with you, thanks for your time >> thanks so much. >> the ceo of goat >> i have to go to you, you're the guy. so what do you glean from this and extrapolate to retail? >> i think it's really -- i think there's pockets of retail that will continue to do well. they are watching that jordan documentary, searching on the goat app for jordan one. i think it's a great service, they've done a great job with that approach. his optimism about expanding further into bricks and mortar should tell you more about the future of retail it doesn't look like what we've seen over the last 20 years. >> you spend a third of your waking hours on the goat app >> i find it hysterical that there's so many people out there that think they're going to buy a pair of original air jordans you're going to play more like jim jordan than michael jordan

i don't get it with that said, trb, the reformed broker brought me a pair of these fly 7s or something for my 50th birthday 26 years ago, i might put those on the goat app. >> give it a whirl still ahead, tomorrow kicks off a mega week for the maga stocks starbucks is out with results after the bell options trader are belting the coffee giant is about to get burned ♪ ♪ ♪

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welcome back to fast money, it's a mega week for the maga stocks we go to dan, what are you expecting out of these names, dan? >> the actions market is implying some pretty hefty moves, microsoft and apple about 4 1/2% facebook about 5%. i would be shocked if any of these stocks moved more than 5% in either direction. investors are comfortable of the fact that visibility will be

poor i would expect maybe facebook, the one to have the biggest hit to revenues going-forward, we'll see, i think the expectations are not particularly high right now. >> we're talking about the biggest stocks making up 20% of the s&p 500. whatever these guys say this week is going to be crucial for the overall indexes. >> yes, absolutely, i mean, these are the stocks that everybody thinks are going to go grow no matter what. if there's some kind of crack in that thesis, yes, you're going to have a lot of selling, it's like putting an elephant through a door, right? it's going to break as you go through. >> which maga stock do you like the best going into earnings >> what's going to break, the elephant or the door >> we don't know >> google. if google is still a maga stock. the one i would be a seller of into earnings. i'm ready to get fric kasied on

television >> let's stick with earnings, get another check on the consumer when starbucks reports after the bell tomorrow. one trader in the options market is betting that starbucks could get roasted when it reports. we go to mike khouw with the action >> starbucks is implying a move of before 6% by the end of the week that's larger than the last eight quarters maybe that's not as much of an increase as you may expect in this environment the trade i was looking at was in october, 90.65. someone bought 1300 of those they spent a little over $12 each or $1200 per contract about 1 $1/2 million in premium. buying that is a bet that the

stock would run toward that lower strike i would note this is an october foot spread, it has some time to go before expiration this is maybe not only earnings related. the stock is basically unchanged year on year that's pretty good performance all things considered. >> thanks for that, mike tim, are you still an owner of starbucks? >>. >> i am, and i think they're kind of uniquely in the head winds of what's going on with covid. less commuters you have a dynamic here where i think people -- but i think they've got mid single digits. 30,000 stores globally it's one of the -- i think you own it here. how much higher? i'm not sure >> b.k.? >> i think you have a great ceo who understands this situation you know, but make sure you

don't get burnt. that's a joke on the beans and roasting >> we got it, we're not laughing sorry, i thought this thing was on >> it's fun, don't get me wrong, but it's much more fun when we're all in one place guy adami where do you stand on starbucks? >> the low we made a few weeks was the same low we made on christmas eve 2018 i'm in the b.k. camp you take the money and run melissa lee. >> for more options action, be sure to tune in to thefull show, that's friday 5:30 p.m. stn me up next, we got the final trade. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse.

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time for the final trade, let's go around the horn dan nathan >> yeah, so work from home, big theme here if zoom can trade at 50 times this year's fiscal sales, i think slack ticker can trade at a much higher sales price. >> brian kelly >> if you think about what the world's going to look like, you have supply chains coming back to the u.s small caps tend to benefit on that >> tim's shot's frozen, we go to tim on the phone for the final trade. >> let's go with best buy, despite the fact that guy adami may shoulder there sunday afternoon, i don't think this is a recovery for the consumer in

the electronics space. >> guy adami >> i learned that routine from you. you go in, you shop and then you buy it online. however, blackstone has traded ridiculously well. >> all right, thanks for watching "mad 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 is not just to entertain but to educate and teach you call me 1-800-743-cnbc or tweet me at jim cramer.