sure consumers are safe. if i have done that in three weeks and given information on my show, it's really important that we take these protocols seriously. you just said with texas and florida and all these other places, if we don't as business owner dos th eers do this, we wn >> we'll have to leave it there. happy fourth of july to everyone "fast money" starts now. ♪ live from cnbc's global headquarters, this is "fast money. i'm dominick chu we've got tim seymour, tim grasso, karen finerman and brian kelly. coming up on the show, the boycott is growing more big name companies pulling ads from facebook. just ahead you'll hear from one top-ranked analyst who says the street is getting it all wrong when it comes to the full financial fallout for facebook

plus, tesla, speeding off to, yes, another record high today what the company said about demand that sent shares into overdrive. later on, break out the sparklers. we're ushering in the fourth of july with some all-american stock picks. we will start with 4.8 million reasons to rally that's because that's how many jobs america created for the economy last month, blowing away economist expectations wall street rallied on the report with the s&p 500 finishing the day up about .5% something interesting happened in the market today that we don't often see. we had stocks up, bonds up, the u.s. dollar up, gold up. so, tim, what's up with today's market action? >> i'll talk about what stocks

need to move higher. the macro, again, it's not necessarily something to do cartwheels in absolute terms, but in relative terms to where we are, we've taken back one-third of jobs lost we had pmis around the world better this week, housing numbers that were better bonds should be slightly selling off here except for the fact you do have a federal reserve that is still your friend and talk to you this week where they're buying high grade debt like apple and some of the other biggest corporations in the world. it's putting a squeeze into risk assets i think people are buying bonds too. the fact that the dollar is rallying, i think that's a byproduct of better economic conditions largely the dollar has been under pressure gold, i'd let the experts speak on that. there are reasons why portfolio allocators would be into gold. the macro is very strong this week the market responded and

equities responded the vix near its 200-day for the first time since february. >> karen, we look at the economic data on jobs. a lot of folks are focusing a little bit more on the jobless claims data than they have been on the monthly jobs report the claims data is arguably higher frequency, more current, up to speed. is there anything about the jobs picture today between weekly claims and the payroll report that is anything but bullish >> well, you bring up a good point. i don't know what to make of it. the headline jobs number was great, although with a lot of cities and states sort of reversing openings, it makes me wonder if we're going to see a reversal of that data, and that data has been really off the mark of what the surveys have been expecting because nobody really knows how to gauge it it's a positive number for sure and that is good, but there's

some tempering with some of the uptick in cases. that's obviously a headline of bad things tim picked up one thing i think is really important, which is the vix coming down a lot. so we have that terrible day in early june and the vix was north of 40. it's now 27 and that's sort of getting close to the bottom, which actually of anything the vix coming in makes me more concerned about the market that we've rallied as far as we're going to in the short-term. >> so steve grasso, as you take a look at the price action as it developed today, we started off premarket and right off the bat in the morning with a 469-point gain in the dow. and we kind of saw it may be not peter out, but it did lose momentum throughout the course of the day heading into a long weekend. is there anything about that that makes you concerned about what's in store next week?

>> you know, dom, as a trader, we're all concerned all the time, but i think this market comes down to a few different aspects. it's about the virus obviously it's about the fed and then it's about the recovery if all those things sort of play, obviously the virus has been in an upswing, but i don't think the depths are out of hand yet. that's the critical point. if the economy continues to reopen on track and the jobs numbers that you started off with were adequate, we're actually great considering what the estimates were then this market can continue higher obviously, to karen's point, there's a lot of stuff that's front loaded, but we also have the fed that's bridging the gap from now to when the economy really substantively opens back

up we've gone from aiding the consumer and now we're going to start in the next traunch aiding the corporations so they don't have to fire and they continue to hire. so i'm not alarmed i'm positive but to karen's point, there's only so far you can go and we probably need a vaccine to break through all of that. >> tim, if we need a vaccine, what's left to do for people in the marketplace right now? do you just sit there and do nothing and wait for a vaccine, or is this something where you say maybe the path of least resistance is a low volume grind higher over the next several months >> well, dom, definitely not a market for complacency i think one of the things investors need to do is get ready for earnings season. banks are a couple week s away from giving you some sense on kr credit is.

with the sense that the fed is backstopping and there is more testing and the numbers may be more discernible than they were out of the gate, i think there's still a lot of uncertainty as to the scope of mortality vis-a-vis the number of cases, who's being tested look, it's very difficult to argue with the liquidity that's in these markets when volume ti you are at levels on the vix where it does also tell you that the market at least has gained back some level of comfort that there is a backstop underneath that and i think there's a lot of folks still on the sidelines especially in the retail community despite all the bullishness we talked about. there's a lot of folks that have been very bearish here i think the grind higher can st still happen. >> karen, as you look at investing the stocks that you're

looking at, the assets that you're looking at, how much of this is predicated on this idea that there isn't uncertainty we talked all up and down about you couldn't look at the earnings numbers with any kind of clarity because nobody knew what was going to happen why do corporate fundamentals matter again, or do they >> i think they do tim talked about banks to me it's very important to see what kind of loan loss provisions the banks are going to take. the banks have really a great look into the economy, right, they touch so many borrowers, they touch so many businesses, consumers, industrials, commercial real estate, so many parts of the economy what they're seeing is really important to me. for a retailer that's in a tough time, what they do this next quarter is not so important to me as whether they can survive

this overall pandemic. that's more important. so of all of the companies reporting earnings, to me the banks will give us the most information. >> watchful eye on the banks for sure let's talk more about today's market action and find out where we are headed next joining us is victoria fernan z fernandez. always great to get your thoughts thanks for joining us today. what did you make of the price action today is it to be believed longer term >> as karen was mentioning earlier, we had a great jobs number that came out however, i think the initial reaction from the markets are up about 400 points, i think, on the dow. coming back to that throughout the day i think is basically the result of people realizing that, yes, we had a strong number, but the data was coming into about the middle of june we know a lot of the shutdowns that started happening in texas, in california, in florida, all

of that was happening over the last couple of weeks i think people started to look forward to next month's payroll number and realized we're not going to have as strong a number as we did now. we need to look more at those weekly claims numbers. that's going to give us a clear look at exactly where we are right now and give you more immediate data going forward i think that's why we saw the markets come back but it was a positive, strong number so the markets ended in the green. >> as you look at this from a market strategy standpoint, victoria, this notion that we are seeing perhaps one or two steps backward so to speak, economies are maybe looking at shutting certain things down certainly indoor tidining is in motion how much of a concern is it about the economy in the u.s. maybe taking another step back >> if you look at the four states that have really gotten the most attention over the last

couple weeks, california, texas, arizona, florida, those stated i mentioned a moment ago they make up about 30 prc% of te u.s. gdp look at some of the states in phase two, new york, new jersey, connecticut, massachusetts, these types of states. they're about 15% of u.s. gdp. our concern is as we've had some of these southern states really start to reverse their opening plans, we're going to have to have positive numbers more than double what we're seeing in these other states in order to make up the difference our concern is you have consumers who are going to be self-quarantining again and some of that savings they have built up we anticipated would immediately be put to work once states reopen may not happen some of those savings are going to stay and we're not going to get the consumption that we

need retail sales of 18% last month was a huge number for the market we need to see that again and i'm not sure we're going to get that i think you have to look longer term trends, 5g, cloud, data infrastructure, all those areas we've talked about before that because of covid-19 we anticipate we're going to have a longer run after covid is over and there's still going to be popular areas that are going to be built into. those are areas we think you should focus on for long-term. >> stay safe down there and we certainly wish you all well in houston. you talked about some of the cloud plays and the high-tech plays. the nasdaq has outperformed the s&p by 21% at what point do you think a barbell trade or do you stay in mega cap tech as much as we feel comfortable with those names, it seems we're also fearful they are dominating this rally. >> i think you're right. they have dominated this rally for sure

however, i think they're the strong names that are going to continue to do well going forward. do you buy them at all-time highs? not necessarily. we're not saying jump in with both feet but those are going to be your great buying opportunities wherever we have some pullbacks we've been buying pieces of these names over the last couple months this week i can tell you we actually did smalle eer scale we know restaurants are going through a really difficult time as they're reducing now. here in texas the number of people that can be in the restaurants from where we are a couple of weeks ago. that's been hit really hard, all the banks have we think they're going to be stronger going forward but there can be some opportunistic trades in there but longer term we like those big tech names. >> we're going to ask you to put on your reporter hat

tell us about what exactly your view is about what's happening right now. you are in houston, texas, it is a hot spot right now for covid-19 what is it that you're seeing about perhaps the commerce, the retail, the activity, the economic situation around houston just from a layperson's perspective, has it changed a lot? >> we first started opening up about a month ago. everyone was running errands, they were in restaurants and bars very few people were wearing mak masks because it was not an issue for us to the same extent as up in the northeast however, over the last week or so if you go outside there's fewer people, everyone is wearing a mask the concern has actually grown over the last ten days i would say. i think that means we're going to see positive results in the next two to three weeks in texas and other states like us. >> we should also mention that texas governor abbott has put a mask mandate in place for

certain counties that have at least 20 confirmed cases of the covid virus. thank you very much, victoria fernandez for joining us >> my pleasure bk is now with us but he's on the phone i know you've been kind of paying attention to this conversation what are your thoughts now given the market positioning knowing what we know about the eco data and covid-19 right now >> i tell you what i'm glad victoria was speaking about 5g and infrastructure. it appears you have howard stern in the middle of the desert on satellite radio but i can't get the internet to work when it comes to the market, we've had this tug of war between can you get enough fiscal and monetary stimulus to get the economy through the valley where you're going to have a vaccine or some therapeutics and covid becomes less of an issue

that's what's driven this rally. when you saw what the market did today, you had almost every asset class up that's a pretty unusual setup. i think what the market is telling you is we are going to get more stimulus. the president talked about it today. some of his advisors talked about it today you're going into an election year i think the election is going to be won by the person who gives people the most money. that's the bull case for stocks. the bearish case, the economy is completely shut down you know, until proven otherwise, i think you have to ride with the stimulus. >> all right ride with the stimulus for sure. all of the developments in washington very key. thank you so much. we are just getting started here on "fast money. next, tesla racing to new all-time highs just wait until you hear what elon musk is saying. later on, we're gearing up for the fourth of july with some all-american stock picks

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welcome back to "fast money. elon musk is back at it. this time the tesla ceo tweeting tesla will make fabulous short shorts in radiant red satin with gold trim. make of that what you will we'll sell some of the shortseller enrichment commission to comfort them through these difficult times. the sec written all in caps. this comes as tesla shares drove to an all-time high on stronger than expected dh eed delivery n.

steve grasso, your take on all of this? it's been a massive run to the upside. >> i'm looking at this as well as you started the intro it's definitely overbought it's a 76 rsi right now. but the problem is that the stock works off overbought like no other stock i've ever seen. so it doesn't come in hard a anymore. the problem, though, is that extension above the 50-day is 881. whenever it gets extended above a moving average this far it usually does come in but that has nothing to do with the relative strength index. it's by proxy it's overbought. the etf for technology is up 15%

year to date etf for energy is down 36%, industrials down 15% everyone bet against this one and trips over themselves to have to cover it i thought it's been overextended since 800. at this point i do think it's due for a pullback but it continues to shock the entire investment community. >> tim seymour, i wonder do you then traffic or trade in tesla based upon, quote, unquote, fundamentals >> no. i don't think fundamentals matter in the stock. i haven't trafficked in the stock for $800 or so and i'm happy about that you talked about the short interest or elon musk tweeted about that which i didn't know he was supposed to be doing. short interest has gone from 24.7% in may of 2019 to inside of 8%. so that's part of this move. shorts have been squeezed massively. the company is trying to become profitable for four quarters

straight, which will get it into the s&p and that will maybe be another stampede this is a company that effectively lost money last quarter. yes, deliveries were better today although we're rewarding them for less bad deliveries and acting as if covid is not there and it's not a headwind. there's major price cuts across the model x. the most profitable cars they have are the ones they're cutting prices on and where deliveries are actually down i want to tee up the tesla lemmings on twitter but they're there. they should be feeling good, but the reality is the stock doesn't trade on fundamentals and i think it won't trade on fundamentals. coming up, cleared for takeoff. five u.s. airlines landing a deal with uncle samfor some much-needed aid. we will bring you details. first, they'll be back that's the message from facebook ceo mark zuckerberg as more

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we've got a news alert on facebook let's get the details. julia? >> facebook's mark zuckerberg and cheryl sandberg have schedule add meeting with the organizers of the boycott. they're planning to meet on tuesday. this after facebook has been worki working all week to impress upon brands the steps they've been taken to eradicate hatespeech. more than 500 companies have committed to pausing some social

media advertising. while mark zuckerberg said he takes these matters seriously and they don't benefit from hate speech, he told employees it's his guess these advertisers will be back on the platform soon enough and, quote, we're not going to change our policies or approach on anything because of a threat to a small percent of our revenue. facebook does have a track record of responding to advertiser pressure. proctor and gambles demands to remove offensive content in 2 7 2017 now, as for social stocks overall during the past five days of the boycott, pinterest seeing the biggest benefit, up almost 7%. facebook and twitter each down about 1% as zuckerberg works on drawing

advertisers back to the table, he is preparing to be in the hot seat in washington again house judiciary chairman jerry nadler confirming that zuckerberg and tim cook from apple and jeff bezos from amazon will appear at an anti-trust hearing in late july >> thank you very much let's trade it, folks. bk, i'll start with you. does anything that julia just said make you think differently about facebook >> no. i don't think it does. i mean, they've got at this point in time a bigger pr problem than an earnings problem. they are probably not that inclined to change things. what will change things, though, and zuckerberg is no different than any other ceo, if their revenue is going to decline by 25-30%, if proctor and gamble

comes out and says, hey, we're not going to be advertising there anymore until there are changes, that would change his tune for sure. at that point, if the stock sells off, i actually think that stock by the time you buy it that's the wash-out, the climax of this whole thing, things are going to change and the stock guys higher from there. >> karen, is social media still an attractive place to invest? if not facebook, is there somebody else? what's the good trade there? >> i actually think it's facebook i also own google which is my biggest position facebook have survived these things before. cambridge analytica. they have anti-trust heat before what's coming up later in july i think this meeting will be really important i think they'll say the right things and the last time they were sort in hot water when

zuckerberg went to the hill, i think that was the bottom for the stock. it wouldn't shock me if this next meeting might put in some sort of a pull for the stock i think this will blow over. it's too good of a product for people to walk away permanently. >> it seems to be permeating throughout the investor world these days, that thesis that facebook is a juggernaut here. let's talk to our next guest here who says this advertising boycott could last through the presidential election. let's bring in laura martin, senior media analyst you heard julia's report you heard some of our traders' takes on this. is facebook the stock you want to own in this environment given the uncertainty in the next several months >> everything that facebook sells is based on supply and demand you know a lot of consumers are using facebook and instagram because they're locked at home so their supply of ad units is

through the roof you have 4 million small businesses got aid from the government as 30 million they are calling for 1 million small businesses never to return now so the notion that small businesses are bankrupt and brands boycotting on the demand side doesn't make for a healthy auction or a revenue stream at facebook >> so in this case here, the point has been made by some folks out there, investors and other analysts that it's not some of these big name multibillion dollar brands that are the biggest driver of facebook and advertising on i a instagr instagram. it's some of the smaller businesses that transact on it how important are these boycotts in framing the overall aura of the advertising platform to those small business customers

>> a lot of those small businesses will not survive. but you do know for sure that the large brands that are now boycotting facebook will survive. one some of this is politically motivated. when people talk about labeling or taking hate speech down, they're really talking about donald trump's posts some of these advertisers actually have political motivations for boycotting and other ones really the advantage of facebook is it's mobile advertising. it's sort of a monopoly for mobile apps. guess what no one's leaving the house right now i think some of the advertisers are going to pull back on the facebook advertising anyway and now they can get social statement cred added to their brand over this issue. it's not going to have any impact more so they're just going to downdraft the mobile ad units anyway since even's at home. >> laura, it's tim seymour

thanks for joining us. whether one thinks the top line of the advertiser revenue falls off appreciably, what do you think of the multiple here facebook is underperformed the triple qs or the nasdaq since cambridge analytica despite the fact it's been at record highs can you talk about how you assess a multiple of earnings in the context of not just public unrest, but also doj and possibly other regulatory pressure >> there's a really easy way to quantify downside risk there is an entire tindustry tha values consumer facing brands. it's been going down every year since cambridge analytica. brands are about brand trust with consumers but also with advertisers. this is telling me this hate speech boycott is basically

another nail in the coffin of undermining brand trust. if you want to use that industry's value of brand equities, it is 15% of facebook's total value that is being destroyed. it's really expensive to build background value i actually think the downside here is significant because it's affecting their brand negatively the brand trust issue is a problem for facebook today with both consumers and advertisers >> thank you so much for joinsijoinin us steve grasso, trade it, bottom line it for us. facebook, buy it or sell it? >> i would be a buyer of facebook it's up 13%. it's grinded through a lot of headwinds in the past. i believe this is 90% politically driven it's about squashing donald

trump's voice versus hate speech i mean, there could be threads of that as well, but the truth is i think zuckerberg played this perfectly he shouldn't be the arbiter of truth, dom you have to play it neutral. this is the best i've seen him play this type of event. and i do think that with 2.3 billion users and 7 million advertisers, at a certain point they're going to have to come back to where the eyeballs are and i think this will run its course and work through it facebook is still a buy. coming up on the show after hitting some turbulence this year, we are just about to see the airlines signal the takeoff maybe. later on we are talking red, white and buys as we go all out for the fourth of july with a special independence day edition of trade it or fade it

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welcome back to "fast money. five u.s. airlines landing a very big deal for aid with uncle sam today. let's get to phil lebeau with all those details. >> this is the second half of the $50 billion set aside for the airlines remember, 25 billion was to preserve the payroll at least through september 30th the other 25 was available if airlines wanted to borrow from the treasury department. yes, we do want to borrow and they have come to terms with the treasury department. american, hawaii, spirit, frontier and sky west. there are other airlines who have said we may need to borrow

from the federal government. you could see more federal loans in some fashion. the end of the deadline as this has all worked it way out, people are saying we think most of the airlines have enough money to make it through into the fall and the beginning of next year. first of all, american airlines borrowing $4.75 billion from the treasury department. american's liquidity right now around $15 billion then you have the airline index. we're looking at this year to date we're showing this to you just how much capital has been raised this year, most of it through debt $46 billion approximately for the industry as you take a look at shares of delta, southwest and united keep in mind we are hearing from airline executives they are starting to see demand flatten out as covid-19 spreads in the south and the southwest. as a result, you are seeing people who may book trips who have said, you know what, i'm going to pull back on that

i'm going to waive going on d that i'll hold that ticket and maybe go three or six months down the road. >> thank you very much for that update on what's happening with the airlines. our next guest says today's $25 billion deal does not mean the airlines are cleared for takeoff and the runway to recovery could be longer than many investors realize let's speak now with jp morgan's senior airline analyst jamie baker. jamie, it seems so very clear right now that it's going to be a tough road ahead for these airlines, but how tough will it be >> this is one of the reasons that about three weeks ago we suggested that our clients take some profits, take some money off the table. we were concerned that demand trends were not particularly robust we were concerned that the pfa throughput would begin to moderate we felt the stock pulled a

little bit too far ahead of themselves what has changed during the last three weeks is the airlines continue to prove that capital markets are open in just the last 2 1/2 weeks there's been $15 billion raised, about half of that just at united what that does, is it stems the runway it hopefully bridges the gap between where we are today in terms of demand trend and where we hope to be one year and two years from now on the demand front we are not seeing any data that jp morgan considers to be all that robust. we're pretty unimpressed. >> i want to bring brian kelly into the conversation. what are you thinking? >> jamie, what kind of permanent demand damage has been done in particular to the international? which of the airlines are exposed to that? if i look at my schedule, i was

scheduled to be in asia this spring i cancelled that i don't see myself going back to asia for quite a bit of time is that a permanent change and how does that impact your view on some of the bigger airlines >> it does impact how we model we think that domestic trends will lead to recovery. we can envision plausibly that the domestic environment gets back to 2019 level sometime in 2022 i think you hit the nail on the head i think international, there ar lots of regulatory impediments we think international can take until 2024 to recover back to 2019 levels. the aggregate of our view is that the u.s. industry from a profit output perspective won't be able to rival 2019's level until sometime around 2023 we do expect all domestic names like southwest and alaska to lead the way, to get there

first. >> it's karen. let me ask you something if we sort of look out to maybe 2022 where the airlines are approaching 2019, it looks to me like the enterprise values are still very expensive relative to where they were given all the debt and the cash they're going to burn through. what do you think of valuations looking out to a more normal economy for the airlines >> we are definitely taking into account the degree to which balance sheets are being strained by this crisis. it's one reason that currently i have fewer buy ratings in my universe than at any prior point in my career we're buying back stocks

aggressively, paying dividends because they should withstand another great recession and probably continue to generate cash and net profit. my concern going forward is that covid will now be applied as the new stress test, which will require airlines to run ridiculously high volumes of unproductive cash. that's going to have a real impact on how we pick stocks no doubt about it. then of course there's the whole issue of technological instituteinstitut substitutes. >> the models only get more complicated given covid-19 jamie baker, jp morgan, thank you very much and have a great holiday weekend, sir guys, let's trade this tim seymour, is there a stock in particular within airlines that stands out to you as the winner given all of this negativity >> well, i mean, jamie is so good at what he does and he's seen so many cycles.

that's one thing we all need to remember i've largely been bullish on m airlines going into this delta is the best balance sheet. when you think about the money, jamie talked about the capital markets, 37 billion was raidsed in debt and equity and extensions on grants, basically a total of $60 billion not counting what the treasury is bringing insolvency risk has been taken off the table for 2020 but here we are all talking about whether they will be profitable or normalize earnings i don't think you should be pricing these companies with normalized earnings growth with that uncertainty i think southwest is the other balance sheet you can feel most confident in but these are trading stocks right now. coming up, options traders are eyeing one cyber security stock for a pop. we reveal that name in the mystery chart you're seeing right now coming up. plus, traders are gearing up

for the long weekend with a special edition of "trade it or fade it. which of these stocks will leave you with a star spangled portfolio.

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go to the fight is in us dot org to find out how to donate. check out cyber security stock akamai surging higher on an upgrade from cowen. options traders are betting it's just in the breakout stages. >> akamai you saw about five times the average daily call volume today some of that activity was

concentrated in the august 115 call, buyers making bullish bets that the rally could continue through earnings on july 30th. we also saw a lot of activity in the january 2022 115 call. looking for lower volatility but continued strength through earnings. >> that akamai trade certainly playing out big here we're also watching shares of fastly they kind of do similar type things in certain markets. we are off tomorrow for independence day but for more "options action" be sure to tune in next friday 5:30 p.m. eastern time right here on cnbc. coming up, don't let miley have all the fun it's time for your portfolio to party in the usa our traders are laying out the names that have really made them feel like they're in the red, white and blue phase right now more "fast money" is

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welcome back to "fast

money. as we gear up for independence% day, we thought this would be the perfect time to play one of america's favorite games >> "trade it or fade it". >> that's right. "trade it or fade it." this time it's a bit of a patriotic twist. we picked out some of the stocks that derive just about all of their revenues right here in the good old usa let's kick it off. wells fargo, a big bank, go to our own karen finerman trade it or fade it? >> i'm going to trade it, which means buy it what is more american than an iconic name that's had a fall from grace and now seeking redemption we love that story but this is trading like it is below franchise value, significantly below. you know, .65% of book value

if this were a car, it would be trading for scrap prices i think this is a valuable franchise. i think charlie sharp will turn it around. the stock's gotten killed, which i should have i understand but i think them cutting the dividend was a good thing. it really wasn't a big prize i used the opportunity to buy more i like it. wells fargo for the fourth of july weekend and far beyond. >> brian kelly, do you agree are you trading it or fading it? >> generally speaking, i don't like to be on the other side of karen's trades, but in this particular case i am going to fade it. i would say we sell this here. i think it probably goes lower exactly. part of my logic here on this is that this, to me, you've got two problems you have a yield curve, which i think the way the bond market traded today, the yield curve is going to go through a period of

flattening second secondarily, yes it's trading below book value but what's the credit quality of what they have for those two reasons, i'm a fr fader not a trader. >> next up, what does he think about target, trade it or fade it >> this is a trader for me this has been a bright shining spot within the resale community. it's up 6% think about this, dom. how many vacations are people not taking what do they do, they want to feel good about themselves, they go into target, shelter-in-place, stock up on everything target had. it was essential, it was open, it had quality goods i would still be in the name i would be in the name this is the only spot i want to be in in retail with a handful of others, ross, tj maxx, but

definitely trade it, target. >> i'm grabbing a suitcase of budweiser to sit by the grill. the bottom line for me at target is all those sales they put forward during covid-19 i think were largely either commodity staples and low margin items the stock is effectively at two year highs again, in an environment where i don't know that their core consumer is going to be in the same position once we get through stimulus again, the organic sales growth that we saw from the last quarter is not coming back fade it. >> there you go. now over to our own star spangled stud, brian kelly, bk, nothing says america like unlimited breadsticks. let's trade it or fade it when it comes to darden restaurants and the olive garden >> fantastic while america has had a propensity for an awful lot of

bread sticks, i actually am going to be a fader of this one. i made a mistake over the last couple weeks or month to think that people wouldn't go back to restaurants so quickly they did, but as covid spreads across the country, i think people are going to be a bit reticent to go back. i think you fade this one. >> last but not least, he's a fire cracker, tim, trade or fade, cvs health >> look, cvs, i'm absolutely trading this one they've reaffirmed around 7.10 a share. what they lost in their pbm in their scripts market they've gain in the front of the store retail i think their etna business is insulated. that's their commercial insurance business i'm going to trade this one, dom. that's what i'm doing on fourth

of july. >> there's your star spangled line-up of trade it or fade it. coming up on the show, the ceo of a po whiill be on with jm ceo of a po whiill be on with jm cramer keeping me from the things i love to do. talk to your doctor, and call 844-214-2424. on mad money. ♪ ♪ now is the time to support the places you love. spend 10 dollars or more at a participating small business and get 5 dollars back, up to 10 times with american express. enroll now at shopsmall.com.

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time for the final trade let's go around the horn. >> for me, gold had a stunning reversal today after the jobs number came out. i think you can play it. >> caps may be a falling tall boy. i think you buy here

you certainly drink one this weekend. happy fourth of july. >> karen finerman? >> yes dom, thanks for being with us. fun to have you. my final trade, wells fargo, good enough for fade it or trade it >> steve grasso, one >> costco, always my fourth of july trade 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 is not just to entertain but to educate and teach, put it in context call me 1-800-743-cnbc or tweet me @jimcramer something for everyone that's what i thought after i saw the remarkable nonfarm ray poll this morning, where