the last five days great time to discuss that with macy's i mentioned as well morgan stanley almost positive year to date only down one percent check in with gorman >> i think macy's is important because they said they will make it through this year and next with business at stand still an the company reporting $1 billion operating loss in the last quarter their troubles are far from over but clearly they have the liquidity. thank you to jay powell and everyone else for raising money. >> fast money starts now i'm melissa lee. today we have trader line up -- coming up on fast. boeing soaring sky high. this monster move could be telling the real story about where the market is headed that in moments. plus zooming higher. big news out of china, shares

from tesla sent into over drive. and general mills, pitching the next best idea, why they say this gaming stock is a total home run we start off with a record run on the nasdaq with a new all-time high since february and do you on the best winning streak since september this coming as states reopen if some form from the coronavirus shut downs and as cases are starting to rise, so does the market's resilience. in spite of this proof the rally has staying power. guy. >> it's remarkable, isn't it again, a lot of people say this is pretty obvious, was easy. clearly wasn't easy for me, number one i'm not going to all of a sudden change course. i respect the price, have to absolutely respect it. one thing i'll point out is this, in march there were couple days we saw what i deemed back

then indiscriminate selling that was a good sign to lead to capitulation today wasn't buying to that magnitude but did you see some stocks higher so maybe we're getting close. again this phased out at 2800 in s&p where 400 handles higher but you saw some things today i think that should be a little bit concerning >> dan, what would it take for you to become more constructive and concede that the market is handing you this price action, you missed out on some of the upside and maybe it's time to join the party. >> yeah, so, i missed out on a lot of upside. i was fairly well-convinced when guy was talking about the levels of indiscriminate selling in late march we didl stimulus at that point we also had very little clarity

how this was going to effect the economy despite the fact much of it was become closed over that couple week period of time so you think back now and we really have what people are calling a straight line hire here and there's still a lot we don't know about the reopening there's still a lot we don't know about the course of the virus and what it means for the economy. i think it's important to remember we still have 20 million americans that are unemployed despite the fact the feds balance sheet has gone from $4 trillion last fall to $7 trillion and quarter this point of the year. to me this is liquidity thing. a sediment things. i think we'll have sustained unemployment for the balance of this year, probably around 10%, probably for a good part of 2021 tell me what that does to corporate earnings and talk about valuations maybe it's not 130 on s&p maybe its 140 or 150, it's still very

expensive. if you are like me and are a loser and missed out on the last month and half or so, i don't think you get in right here. >> jeff your thoughts? >> i have to agree a lot of what dan said, we're seeing right now it's a surge off the bottom. look around the world whether german industrial production, china car sales, i think there's a difference between the surge off the bottom and clear path to pre-virus levels feels like we were at a 10, went to 2, and now everyone cheering because we're up 100% and are at 4. but we're not at previous levels the prospect is important i don't know if the data points will cause that stall in congress, if it does the market rate may react negatively. but the fundamental picture rests on making sure we're continuing to ease credit disstregs and are able to -- distress and are able to preserve some levels of consumpti consumption.

policy has done a good job so far but you have 75% labelled unemployment is temperature versus others saying 57% that's a wide range of outcomes. in recent reports the 300,000 more people are permanently unemployed so we're continuing to increase that you look at sectors like retail and hospitality will take a while to come back and what they do it will be impossible to see consumption decelerate because the earning wages are less and so it may be front-loaded. lastly, that fundamental picture will have a impact on market leadership we've seen this broaden out into value cyclical so on, that's helped the market with the most recent advance if you look at value continuing to fall

relative to growth i don't many how long it's sustainable with the fundamental back drop we're describing, we'll see what happens when everyone waits for the market to drop it usually doesn't. maybe comes down to that in the time being. >> is there danger to the value stocks compared to the growth stock. >> yeah, i'm not so sure the value stocks are the ones that are vulnerable if you look at momentum and growth that's where i think we have the lofty pe's. i recognize that industrial names and cyclicals are going to be heard we'll talk about banks in a bit. but you have a case you have a lot of value names beaten up well before the crisis fedex and transports had been in bear market for a year and half going into this. i think the expectation on ups were set very, very low. if you look at rotation in this market, transports are up 34% in three weeks. this isn't boeing it's the

entire transport sector up 34% and outperformed s&p 15% during that time. small caps since march 18 js outperformed the s&p by 18%. you look at the sectors that people say are dead in the water, one it is not an overnight thing and two these are sectors suffering well into this watch out for the feds on wednesday. we don't hear enough about that. we over simplify these terms but good news may be bad news for the fed. the white house and administration were talking about more fiscal based on june numbers. these are things that are very, very important for the market. we're seeing the outperformance of some industrials in val is u over growth. don't see why that can't continue especially when look ago the the relative performance since this started. march 5th or 6th when we went

into the real tailspin how about a year and half before that, this is part of that catch up. >> when you say good news could be bad news, we used to think that way before, unless you think a rate change is in play how could good news be bad new as the this point. >> look, the fed has thrown everything they can and i know we all lean to the fed over stay their welcome here but you can't tell me that a payroll number and a jobs market, which are the two things, whether they say it or not, are the things they focus on all the time. we got a lot of good news coming out of relative performance on jobs, not good, these guys take about where unemployment may be, markets back to all-time highs i don't think the feds have to be as friendly as they were and need to be careful. >> our next guest, tony dwyer, great to have you with us. >> thanks for having me. >> what level of the market do

think is fair at this point. >> typically when you break out of a trading range we called it the frustration phase, and we're waiting to break out of that to go into the tanks and banks. tanks being industrials. when you break out of a trading range typically technical analysis will tell you you take the spread of the range and add it to the break out point for your short-term taggart that would have been 31.5 because market broke out at 29.50. it was 200-point range so it exceeded a little bit but to tim's point and everybody else is the move in some of these value sectors have been extraordinary. the bks as we upgraded to offense up 39.1% industrial up 20%. -- i think the real story is there's two significant bull markets off the march low.

the stay-at-home bull market that carried the mega cap stocks and dominated the 30% off the low. and the 60-minute interview by the fed was extraordinary, and that's the pinpoint in time where you saw this move back into the economic reopening of markets. i think there's been two bull markets that have kept the index going. >> tony, great, i'm glad you're with us, it's a good night for us obviously couple weeks ago on may 12th or so we talked about the equities being the least favorable, i'm paraphrasing, but today saying he's humbled by it and understands the what is going on you know, i feel that way as well humble can they just continue based on the simplicity of money supply and dollar for dollar move with the s&p 500 and maybe it is that easy >> well, but again, guy, it's

been very different. so if you're in some of the big names like microsoft or amazon or google, some of those names, they haven't really done a whole leg heck of a lot -- heck of a lot since that meeting april 29th it's been a pause in that space as to everybody's point, you're seeing a ramp in banks and tanks and equal weight to consumer names. it's been two separate bull markets that kept the index going, it's not the same stocks that ramped and ramped i think that's a really important differentiator you know i'm a data guy. the s&p 500 has been above the 50-day moving average more than 90% of the s&p 500 has been above the 50-day moving average, i think today is the 11th day. when i look back at prior occurrences, it's not a tank, since 1990 that's never happened

right before -- right before you really go back into a bear market it typically is closer to the beginning of a bull market but has also led to periods of consolidation. if you went all in on the economic reopening trade two, three weeks ago, it's not such a bad idea to expect a little bit of consolidation here. >> hey, tony, it's dan quick one for you, okay, so the last time the s&p 500 was here was the last week of february. at that point our country was starting to come to the realizition of the economic disruption of this oncoming pandemic last year in 2019 rallied 2,000% but most strategists expected earnings to decline in 2020. so we're back at these levels. we front loaded that still lusz. we know -- stimulus. we know there's massive head win winds what d

s&p 500. >> yeah we're looking back to january and back to the levels of not your forria, optimism in many cases, sentiment gauges have gotten back there our call to get offensive had nothing to do with the s&p 500 dan, i have no idea, what do you pay for infinity easing. right. my multiple time is 20 times should it be 22? 25 guys can make these numbers up all day. but i have to fall back to history and say what is the market telling us when they get this broad to guy's point i kind of felt scared few weeks ago when we were upgrading as stan was saying s the craziest market of all time but the momentum is there. i think the momentum has

probably played its course because again the s.e.c. ha because again the second half of that rally off the march low was in two whole segments in stock market that's had a hell of a run and may be time again to go side ways versus that down big or up big, just for the next month or two. >> tony, great to speak with you. >> thanks for having me. >> thanks so much dotony dwyer we had a special show for fast money. >> a very special show. >> we askedif the market were song what would it be, given the rally has extended itself and we're at record levels of the nasdaq if you want to change your song selection. >> good point. so to remind our audience who weren't tuning in at 6:00, which is great time to tune in to "fast money" over the summer i chose the clash's "should i

stay, should i go" i referenced if i stay there will be trouble, if i go it could be double my point was this is a market a lot of people have missed. it's been a wall of worry and you don't necessarily want to hang on because we're all talking about fundamentals being challenged a lot are being fired after missing a bull market. especially after a massive market not being in the market is a problem i wouldn't change at all what we did on friday i didn't think we could continue to do today even on a short-term basis. it still seems over bought that song still says a lot >> i think you got a lot of blowback on twitter, you're like it wasn't the best song. anyway -- >> clash are a great band and have done better than that. >> that's fair guy, would you amend your song choice >> i love my song choice the clash is the most overrated

band of all time in my opinion >> come on. >> are you a tom petty fan >> you can't name three songs. >> i will give you one "even the losers get lucky sometimes" >> tom petty >> we'll play it in the outro. even the losers get lucky sometimes. >> ah. okay >> tom petty and the heartbreakers. >> coming up boeing has it come too far, too fast we'll break it down where the stock could be heading and shares of tesla with record lows and rally in china om at&t with record highs. and rally in china g iphone and rally in china

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welcome back to "closing bell." check ou . welcome back to "fast money. check out shares of boeing, the worst is over and the stock is at an attractive level goldman sachs raising its level from 238 on pace to best rally ever carter worth joins us now with the technical take. >> yeah let's look at boeing but i thought first just talk about is it really a value growth issue. is it cyclical non-cyclical or just money chasing, beating down names. it's an important concept. look at the first comparative

chart. we're looking at boeing there. i've compared it to american airlines, royal caribbean and simon priorities an airlines and travel,ally royal caribbean. i could have put a regional bank boeing in the s&p growth index american and caribbean in value. it's a money throw issue compare the next chart i put in the s&p you see this very clearly. is it because boeing's growth or value -- it's just that sometimes there's money throw beating down names they were all down between 70 and 80% on the way down and they've ricochetted. it's not specific to boeing.

but let's look at a chart of boeing a final chart. great winner to turn into a great loser. massive wipe out peak to trough of about 75% and then a tremendous ricochet you heard some price targets are raised to current price 200 to 230. others are 2710. the -- others are 270 the overhead supply around 280 i think it has a bit more to run but i don't think it's specific to boeing, despite what one or another analyst might think. i think it's about money going after certain securities at certain times. >> what's a fall back level in boeing specifically carter >> meaning, how far? i think it can get to the 270 and even up to 290 before you really encounter an overhead supply, two years of training from which it broke down interested sellers lie in wait up there. >> carter, always great to speak with you

thank you. carter worth. >> thanks, guys. >> jeff mills you want to go boeing or broader notion of money flowing into beaten down stalks. >> great minds think a lot, in my notes i have what carter said exactly and the point is boeing is caught up in the travel trade. you look at the charts and they look identical maybe for boeing the momentum continues because of the technicals i can see that ultimately i think the fundamentals are still challenging. just to point to some of the koorlations -- correlations. boeing for s&p 5000.42 pretty low but if you look at the boeing versus the jets virtual 100% a 0.93 correlation and cruise line 7.9 correlation. those are some of the numbers to go with the chart carter put up.

i can understand people are excited, travel demand is returning and american airline will increase capacity in july there's evidence people will fly again. to my point is this about a return to normal or ricochet off the bottom in terms of activity. look at tsa data, daily passenger data almost tripled from the low, still leaving us 87% below a year ago big question is are these cash-strapped airlines going to add to their fleets in a way that boeing or expecting or investors are expecting, there's a major question because there's still questions about business travel demand and international travel demand so i'm still skeptical outside of this near-term momentum push. >> tim what do you say. >> i can't argue boeing is up 94% in 15 days delta is up 94% in 15 days crazy. i'll tell you boeing did $10

billion bond deal a month ago. their cds, play on their credit exposure or risk have tighten 150 basis points and outperformed ge, it trades wide of ge, always has, they said they will be free-cash flow positive by 2021 and street has them positive by 2021 and they are scaling back 18% in the next two years in terms of deliveries they would have taken. this to me is a credit story, very concerned about the profile. they raised $10 billion and cut the dividend p different story if airlines go back to doubling capacity in july which is what he's talking about. it's about time for boeing they've raised a lot of capital.

50% is defense and global services, people forget that, that's why i'm on boeing >> got it. >> 262 that gets you basically to the halfway mark from the all-time high in february of '19 to thatthat $89 recent low so technically makes sense and lines up with what jeff and carter is saying as well >> coming up, banks on fire, analyst saying the rally's just getting started and he will give us his top picks and we're firing up the grill for this sizzlinstg ock going above and beyond today "fast money" back in two our retirement plan with voya gives us confidence... ...we can spend a bit now, knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. i'.

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welcome back to "fast money" another strong showing for the banks, the financials on fire, atf and xlf up over 12% in the past week our guest expert says this is optimal time to bet on the banks. now joining us on the cnbc news line mike, always great to speak with you. >> thanks for having me. >> you setd in your note that the employment report on friday, also a separate note citing data on consumer credit and lending from the fed as green shoots i wonder how sure you are these shoots will blossom into plants, given the uncertainties in the economy. >> in no uncertain terms we remain buyers of banks and increase targets on every large cap bank we cover last week. banks are a among the leaders this quarter in terms of stock price performance and we expect that to continue look, on the one hand these are

sobering time with unemployment over 10%, there are bankruptcies and earnings held in the first quarter and probably the second quarter, but the way these banks are still priced, they're still priced like the global financial crisis, that's a complete disconnect to the stock market as a whole and disconnect to what the bond market says about banks. the bond market says banks are average corporation where the stock market says hey they're in big trouble. so at the same time you have these green shoots you have the jobs report you have new data from friday night that shows consumer loans increase week over week in the bank industry for the first time since january. you have loan deferrals. you are seeing pay downs of those march loans that were made by the banks

consumer spending is improving so we are saying it is less than, less chance for the recovery to be an l, a w, a nike swoosh, a backward check mark, whatever you want to call it, less chans in that tail risk and at the same time anyway banks are resilient and able to absorb the body grow and val united still support the economy. value. and the other bit of information from the friday night report from the feds is banks have $700 billion new loans, 7% growth year to date so this time banks are not the problem as they were in the global financial crisis. this time banks are part of the solution >> hey, mike, it's dan quick question, you know, you seem to really love the money center banks citi, bank of america, jp morgan i find it interesting they topped out the first week of january and were obviously the hardist hit in the banking

sector why did they really under perform from their highs relative to the investment banks likegoldman sachs and morgan substantial aqib talib tha stanley that are only 12% off their highs. >> you can't ignore that the rate is really awful, and the money center banks have more loans than the pure play brokers like goldman sachs or morgan stanley. that explains that having said that, as you start to recover and go through this crisis period you're really seeing the value of scale. the goliath is winning and winning more than ever before during this crisis period. so compared to plain manila banks, citi group top by far followed by bank of america and j.p. morgan, by the way, capital markets are doing quite well,

better than people expected and far better than implied in the fed stress test. the other things that exciting as a bank analyst are the share gains of the largest banks due to technology. retail customers have been jolted out of the bank branches and forced to use digital banking. this is the customer choice but that's going exactly where plans have been going. so in the last two months we've accelerated the digital acceleration of the banks by two to five years and the best digital players bank of america and jp morgan and citi group moved up recently too. >> one quick follow up, mike is there a chance that this lack of performance from the highs, i know they've done very well from the lows, suggests that the back half of 2020 might be a much tougher slog as it relates to capital markets, as it relates to bad debt and a whole host of things where they touch the economy in a much broader way

than some of these other sectors that have come back right to their prior highs. >> yes, yes, yes i mean, we have low losses increasing two to three times. we have capital markets going off in the first level and net margins under pressure that's in our estimates. even with that we see these stocks with a decent upside with one-fourth to one-third over the next year. but i think what the market is missing is this is not 2008. this is 2020 when you've had a decade of increase in capital. capital is twice as much as it was before you've had a decade of fed stress test. you have a lot more liquidity than you had before. i mean, you know what it is, it's recent fency bias ininvestigators act like the global financial crisis was yesterday and prices are going to blowup. you had mini stress test in

march and looking at the banks, they all excelled during that ped. -- period and really part of the solution this time. >> mike, always great to speak with you thank you. >> thanks for having me. >> mike mayo of wells fargo. now to your thoughts on the banks -- >> one thing we've gotten right is the banks when jp morgan was in the 80's the bull case we were trying to make was look they told you tangible book was $62, the right multiple in this environment is probably like 1.8. 1.85 that gets you $115 stock and lo-and-behold basically here we are. i'm with mike in terms of the banks not being the problem, i've never suggested they were they've had a big run and my sense is they probably have more room to the upside i'm with mike on this one. >> coming up, investigators best

friend, why tails are wagging ahead of chewy's market. first the general is taking the announced pitch his next best idea, why jeff mills thinks isth gaming stock is total royalty. he will make his best pitch when he will make his best pitch when we whether a remote test drive, . shopping, trade-in, or even service pickup, audi at your door can do this and more at participating dealers. the premium audi dealership experience, on your terms. audi at your door.

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welcome back to "fast money" stocks have rallied today but jeff has a game changer for your portfolio. >> here it is 99, right down the inside corner. i know this stock is up a ton but i think draftkings is worth taking a look at for folks looking to get into this name you're working on 10

to 12% pull back right now so i think there's opportunity in a company with some pretty good long-term prospects. sure could there be a pull back, it's had a big run of course it's not necessarily theespl in the company has a lot going for it that over the long term, near-term volume at illity isn't a concern it's worth a look here it's about the brand there's a virus dynamic going on, i think. and has big gun factors i want to talk about. first of all the brand an incredibly recognizable brand in a space in my opinion is growing and is going to continue to grow very quickly i think they're very well positioned to maintain the market share they have and will continue to grow market share as the space continues to expand. fantasy sports online betting on sports continue to grow at a double digit clip so i think they're in a good space as it relates to that

d on robinhood not necessarily that those accounts are driving the stocks but in terms of brand recognition that's a cohort on robinhood that tends to be the audience for draftkings so that is evidence that so many people on robinhood want to own the name in terms of the virus dynamic, you know, live sports probably coming back sooner or later, we're hearing about the nba and others are soon to follow but it's not necessarily clear that we're going to have fans in the stands so i think there could be a spending redirect associated with draftkings where people say i'm not going to be able to buy a ticket i can't go to the game but i'll bet on the game instead. that could introduce a different audience, potentially somewhat sticky audience so possible propel ant to growth and you have the likes of disney, jerry jones, robert kraft, the list goes on and although it's not

directly correlated with legalizing it on the state level i i do think that's going to come california, texas, florida, new york, huge population that's have yet to legalize all of those could be potential catalysts. >> time for questions. tim has one. tim? >> yeah, hey, jeff so i agree with this secular story. i guess my concern is this was the only game in town during a period when there wasn't a lot to focus on when people were staying at home so my question is, i wonder about where is the mode there's so much competition in this space, yeah they may be out there first but this valuation what protects them from the competition. >> yeah it's a good question and at this valuation a very fair question i think part of the brand recognition is there and could propel it as others come into space. i'm thinking about scarcity on

the other side of it right now if you want exposure to the growth in online sports betting this is the only place for you to go. i understand the valuation could be a challenge but i think all of the things i'm talking about in combination and the brand recognize it always has, there is a first-mover advantage often times and i think draftkings may have it. >> no more questions rksz time to vote. are you guys jeff's pitch on address. guy, how do you vote f >> don't know. never gambled. i'll say this. i might not know about can corp does because they raised their price to 50. although you played the sad

music, i'm going with it >> tim what do you say, sad trombone, sorry, i'm going to cash in on this. it's an interesting story and valuation, there's been a lot of short cover. >> dan >> here's the thing. i thought it was a great presentation i love the story and i likes jason robins and like the potential for states with big budgets for shortfalls for legalized gambling these guys are set up. i think i'm in on the valuation. it's part of the stock market mania with nothing to do with him you may have opportunity to buy in the high 20's very soon. >> two buys and a pass in our panel. now your turn out there, are you buying jeff's pitch on draftkings, vote on our twitter pole at cnbc "fast money". coming up, tesla's move, you won't believe. detail when "fast money"

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welcome back to "fast money. shares of tesla receivving high selling tripled the amount of cars than in april a record low big turn around in store for tesla. guy, what do you say >> listen, again, this is one that i clearly haven't figured out but i said couple weeks ago and will say again, the interview from davos really said something in retrospect, elon musk feel it's he has tremendous air cover and the stock has acted in kind and so it's very difficult to bet against this.

i have no idea how expensive the options are but every time you mbemba bet against is wrong. so bet against is wrong so path of least resistance >> dan >> not sure it plays well for chinese auto sales you know, to me, this one makes no sense i'm with guy i know you think we're bunch of dummies but things don't have to make sense and you don't have to buy either because this is probably one of the dumbest stories i've seen in my 25 years in stock market. >> let's make it easy, show of hands, pass on tesla, not going to touch it. show of hands if you think tesla is not worth it. keep them up all four of you guys who thinks tesla is a pass down $300 okay >> we go down $300 you pass. >> yes >> oh, so you don't even know.

>> i'll play your reindeer game. >> my arm's going to get tired. >> okay. rest rest your arms jeff and tim. but guy, you hesitated i ask the question because i'm wondering, obviously everything has a price and there's always a buyer at a certain price, would you be that buyer down $300 how much do you think the stock is over valued is what that gets at >> yeah, i think that's fair i mean, the real tell amongst many, but the one that really stuck out to me is when elon musk tweeted,i'm paraphrasing that the stock was expensive or over valued. something to those extent. that down turn lasted a day. so that really tells you all you need to know at this point so again, it's very difficult, but again, it just seems as though the path of least resistance continues to be higher and the people along this stock have been right. good for them.

>> this thing trades like they're about to buy spacex with their stock. to be honest when they launched that rocket into it and out of it there's stuff going on that i can't get my arms around obviously this is a battle ground stock but if they bought spacex the stock doubles so i'm out of it. no idea what to do with it. >> interesting when you watch these competitors in this general space, neo and nikola, and they're also moving in a way that's, let's just say, off the charts, tim. >> yeah, look the ev story is showing a lot of resilience and look, i've also highlighted the competitive landscape but who really knows i think there's a couple other dynamics i would add i think the last quarter numbers were not very good they lost money. they sold ev credits to goose up the profits. yeah i don't think those numbers were

that great shortage have gone from 25% free flow to 8.5. so there's been wicked short coming i think that number would scare me as a long because it may not rest in fundamentals although i think the bears think it does. so, yeah, the valuation, to me, down 500 doesn't make sense. so that's where i sit and i think people know that >> coming up, who's a good boy pointing to chewy, should you fetch this to your portfolio that's next. plus thinking of a road trip this summer, kmrcramer with an interview top of the hour on ""mad money"". meantime much more "fast money" meantime much more "fast money" in two to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere.

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welcome back to "fast money. the consumer trade is on the comeback the best friend's trade chewy up 70% this year tomorrow bets that ininvestigators will be wagging their tails.will be wagging the. >> we saw calls outpace by 3 to

1 today and looking at big moves, reporting earning 13% higher or low, most of the bets it would be higher we saw a lot of weekly calls training one trading for $3.20. buyers of those calls were betting it would finish above that price by at least the $3.20 they trade, you would only do that if the implied 13% move would be to the upside after a strong 100% rally off the bottom some options traders think the rally could continue. >> dan, you're a pet owner, what do you think of chewy. >> it's funny, mike kind of nailed it. we're seeing this price action in so many names with great momentum where valuation is a stretch and you're seeing the upside buying and put call ratios blown out getting to concerned levels, but also speaks to the fact, defining

your risk in a market that is speculative, makes seasons main rule in trade something let your profits run and cut your losses this is one way to do it. >> for more options actions tune in to the full show on friday. up next, shares beyond meat, should you sink your teeth into the stock. that's coming up next. plus, are you buying jeff's pitch, go to our twitter poll. pitch, go to our twitter poll. big reveal when we return. ♪ ♪ ♪

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pa a final trade sponsored by -- welcome back to "fast

money" check out shares of beyond meat soaring as they continue to expand in china i h inking a deal with distribution company. this comes after deals in young china. goes to retails like grocery stores and hospitality as well a broad swath across china. >> it's good news all of their customers are in the u.s., 80% of the revenue from the u.s. only two big non-u.s. customers are tescco in the uk so some of the partnerships is really important. i didn't like the stock long time ago and certainly don't like it now. i think the momentum would carry it higher but is not necessarily something we'd by. >> guy >> well, as you know, melissa, when we did the show at the

nasdaq in new york city time square we had a taste test of the beyond meat and i said it was very good but as you know things weren't that rosie few hours later. with that said, couple weeks ago i said i'm not a fan of the product and i love the stock and here we are. i hear what jeff is saying but i think this sucker can go higher despite my g.i. issues. >> that is really t.m.i. to go into g.i. problems, to actually specify dan, what do you make of this stock? >> this is the perfect stock, with high-short interest, trading at higher valuation, seeming better opportunity for the short squeeze especially with announcement like this. let's be frank, an opportunity in place like china is massive you can buy it on growth at a

very high valuation. >> let's find out if jeff's fast pitch won the hearts of our viewers, fast pitch on draftkings of course and total home run in your debut pitch. nice job, 54% of "fast money" fans agree draftkings is a buy and as you know winners get graced with "time of your life" time to go around the horn, jeff you're the winner kick it off. >> i will double down draftkings reiterate california, tex, florida, new york, once they realize there's a lot of growth in draftkings. >> tim >> it's nice he's having the time of his life we haven't had that in a long time good job brazil resources trade is kicking it, weaker dollar, brazil an the occurrence ewz. >> dan >> you know, mel, my song friday was i ever long" by too fighters i'm changing it to one of these days

go with costco >> guy >> president trump's tweet about twitter was a mere bump in the road stay with twtr, mel. >> all right, that does it for us, thanks so much for watching and for voting on the poll 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 not hallelujah ♪ i'm cramer, welcome to "mad money. i'm trying to make you money my job is to educate you, cnbc or tweet me @jimcramer nothing is more exciting than the catch-up tde