it's kind of a manufactured rally, it still also could represent some kind of a signal for just global risk appetites and maybe even growth to follow. >> we are out of time here on "closing bell. thanks for watching. "fast money" is next "fast money" starts right now. i'm melissa adami, tim seymour, finerman why the bullion breakout is just getting started. plus, trouble in the charts. one top technician says beware of this sector later pack your bags, we are taking a road trip we'll tell you what is happening with shares of avis. twitter stocks surging today on a big rumor about the company's future plans

>> twitter shares soaring on a rumor the company is looking to build a subscription service a source close to the situation tells me that a subscription service is one of many revenue generating options that twitter is considering, but that no announcement in that area is imminent ceo jack dorsey has said he's kicked around the idea of creating a subscription tier and twitter management has talked about building new revenue stream the focus on new ways twitter could make money as tiktok opens a new platform senator tom cotton warned americans against use tick-tock. secretary of state mike pompeo said late monday that the united states was looking at banning chinese social media apps including tick-tock. tick-tock responded to pompeo by

pointing to the company's new american ceo, former disney executive kevin mayer, saying we have never provided user data to the chinese government nor would we do so if asked. >> i want to go to dan nathan first. as i recall, dan, you had fast pitched twitter back in june, i believe. here we are. was this a part of the possibility? >> a week and a half ago no, not really listen, i think the subscription idea has been in the background for a while. there's a number of ways they could probably charge users. one of the points i wanted to make last week was their average revenue per user lags compared to facebook, $20 versus $30.

these guys are going to have to figure out how to get that higher, how to get better margins, how to better monetize the users that they have i think from a sentiment standpoint which is good news even if it's just a rumor and it puts the company in a position where they might figure out some tricks there's a whole host of things there's buy buttons they've had in the past. there's a lot of things this company can do senator cotton, mike pompeo, they obviously don't have teenage daughters. the idea of banning tiktok here in the u.s. would tear apart families right now because it's been a fantastic app i know my girls are using it like crazy. >> in other words, to keep them occupied so you don't have to worry or deal with them. >> yeah. >> guy adami in terms of twitter, could this help the site move away from advertising and also monetize their sub

skr subscriber base. >> no question i think people have come to the realization that twitter is a much more valuable property than the stock suggested over the last couple of months. i remember in the middle of may when president trump went after twitter, twitter briefly traded below 29 kudos to dan without question, that power pitch he did was outstanding, one of his best. i think he got thumbs- up across the board. i do think our smart audience voted for him as well. i do believe twitter is going to the february high of $39 jack dorsey is now inserting himself into the conversation for ceo of the year. >> it is remarkable that jack dorsey was under fire not that long ago for being ceo of two companies and here we are with two companies that are just on fire it's quite a turn. >> it is quite remarkable.

i think he was also under fire for being ceo of two companies and then wanting to move to africa for at least half the time i think that was one of the things that elliot management thought maybe that's a little bit too far. kudos to him he's taken a leadership role in what is the place for social media, what do they need to do, what is it their responsibility to do. that's been important. and i think that all of these stocks in the last two or three days of social media stocks are getting a bit of a tiktok bump it would really be a disaster for a lot of households if tiktok were gone i feel like twitter has played with this idea before a couple of times i don't know if they will ever get around to it i guess for my money i still prefer alphabet and even facebook >> right tim, do you think if twitter went down this road, are there other social media companies

that could also go down this subscription road which would sort of diversity themselves away from ad revenue >> yeah, but it's not good for the daily active user growth and the engagement trend we still don't know what the subscription model will look like but for a company that are north of 75% in terms of ad revenue that's what it comes down to the advertising growth has been good it's been a massive underperformer relative to both social and even just what's been going on in technology there have been some head winds on doj they are mentioned along facebook every time these things come up. but i do think that twitter has been looking for catalysts this stock is attractive and there is intrinsic value to this

user base. ad targeting and the ability to use analytics to drill down and get more value for what they provide, i think twitter is undervalued. >> pinterest was also up today perhaps on this notion if tiktik were banned in the united states, that could help some of these other sites. tiktok crucial in this time of pandemic in terms of keeping peace in an average american household but 2 billion downloads globally of this particular app. >> i'm one of the 2 billion. i've become a huge tiktoker. it's like that synchronized dance that you do with three other people snapchat, kudos to 386 steve grasso was talking about that stock many months ago and said it's going to break to the

upside facebook had the opportunity to squash them and i think they took their eye off the ball. on top of the tiktok news, what's going on at facebook is a huge tail wind for snap. you mentioned pinterest. by the way, some of the crew from mad money working with us this week, i hope they're able to put up my pinterest page for the folks at home. it is a thing of beauty. >> excellent let's bring in gene munster. the pop we saw in twitter shares if the subscription model came to fruition, is that pop justified? >> unlike. the reason is it's likely that twitter will have some other form of other subscription business about 15% of their business today is selling data to organizations that's a form of a

subscription business. while it is likely they had other subscription businesses, these types they target are going to be a consumer facing data subscription service. what that means is maybe 10 million users at $600 a year that would add about .2% to twitter's revenue. sounds great from the leaks, but the substantiveness of this is unlikely to move the needle. the ability to segment twitter from a premium model to a paid model could krcreate some massi destruction. companies like spotify have done a great job. it's a great, very attractive road but i suspect this is not going to drive valuation higher. what ultimately will drive valuation is focusing on what

they have been focusing which is engagement and increasing advertising revenue per user. >> even if they said, hey all you users, pay $5 a month or whatever it is, that wouldn't move the needle in your view >> that would. unfortunately if they just said you want better access to news, for example, there's some provisioning around the types of news and the speed that you get it if they metered that and put a paywall around that, i think that would cause anarchy in twitter base twitter would turn against itself effectively it reckons to an anology analogy should google charge for its services i think a lot of people would say there's a ton of value in google and they would be willing to pay $5 a month.

to really build a powerful subscription service for twitter or google, you'd have take out its most critical piece. i think people would not want that. >> on the potential ban of tiktok here in the u.s., how would the chinese in your opinion retaliateretaliate would it be apple in their app store, the android app store how do they retaliate? >> the way china operates is they'll likely just make it more difficult for some businesses. i don't think apple will be targeted part of the reason is with this chapter we've had over the past year with huawei being banned, the chinese government struck an incredibly supportive tone toward apple during that period. i think companies like apple, it's the biggest u.s. company that has exposure to china both

on the manufacturing and the user base. i don't think there will be a direct retaliation i think it would be more subtle. the risk in the truth lies several layers beneath the surface when it comes to tick-tock. it seems this is just a political stunt that's riffing off what's going on with china and india in an election year. it seems to have some merit to it because china bans all social media, facebook, google maps, pinterest. that's all banned in china it makes sense for the u.s. to ban tiktok i want to mention one quick side point. tiktok, the data gets back to china. the truth is this, that the u.s. is the most profound country when it comes to global tech if the u.s. decides to ban tiktok, beyond what the rift would be in families with

teenagers, it does create a precedent of other countries starting to look toward the u.s., maybe a country that wouldn't even be china it could be you pick the country that somehow has issue with how facebook was provisioning some news around it and bans facebook or maybe does more regulation on facebook or google that is the truth behlow the surface that needs to be factored in here and that's the reason why i think tiktok will remain available in the u.s. >> you raised an interesting point. it seems like tiktok is trying to walk this fine hine tiktok has also said they're going to deny the chinese government user data from hong kong yet they're perceived as abchinese company that's being potentially banned in the united states

>> you remember a couple years ago there was some sort of bans on jewels on tuuls on the tobac products then the trump administration learned it didn't poll particularly well with a subset of voters and they kind of stepped away from it they are flailing in trying to show their might a little bit or the potential to do something. >> tim >> censorship of u.s. social media and internet companies is a big issue. the u.s. has plenty of sword rattling to do at a minimum. i thi i'm not so sure they're going to care about the ramifications, the collateral damage of what it might mean for u.s. companies around the world i think they're serious and i think there may be a solution

that we can have here. companies typically and we're seeing this in hong kong, u.s. companies are pushing back and not giving up this data. let's see how this prevails. i don't think this administration is going to back down from this one. >> by the way i've been getting a lot of twitter messages about how to find guy's pinterest page we're going to show you the pinterest page it's a lot of good content on that page. >> and it's a family friendly page nothing to be scared of there. you should look, tim >> in the time of pandemic it would be a good pastime. >> pretty good looking page, i think. >> all right. >> i have a wonderful picture of audrey hepburn on that page wearing a hat in case anybody's interested >> i'm sure many are let's move on. another big move in the market today we found in gold, the precious metal soaring above

$1800. the gold miner is also seeing some gains, jumping more than 3% guy, you've been on the trade for a very long time yesterday night it was >> there's a saying, as heard on as heard on cnbc's "fast money," and this dates back to the fall when we were do this at the nasdaq in new york city's times square we were talking about the move in gold and silver and the reason you needed to be in these mining stocks. pan american silver has broken out to the upside. most of the revenues are driven by their gold business i know everybody is talking about gold now, but i do think gold is going to continue to move higher. i don't think we're anywhere near to the end of this thing. i actually think we're closer to the beginning.

i've said this on the show a number of times. you're going to walk in one day and gold is going to be up $200 and it's going to happen again the next day and gold is going to be on the front page of all the news stories now this dollar weakening, which i think will continue, it's absolutely going to be a tail wind for the precious metal. >> our next guest sees gold heading to new highs the founder of galaxy digital. great to see you. >> great seeing you. >> in terms of gold, what's your thesis here, new highs driven by what >> listen, the macro setup is so perfect for something like gold. central banks around the world just keep printing money, more money, more money, more money. so gold is going to take out the old highs of 1950 or something

and it's going to keep going i think we're just starting this move. >> is this any sort of a hedge or is this independent of your thesis in the markets? >> you know, i think we're in the irrational exuberant zone of the markets but it's hard to figure out where that stops. you look at any of the story stocks like tesla, they're beyond what would normally be a huge move. you can't use a discounted cash flow model and come back with anything rational. there's so much liquidity. you don't know where it ends a good friend of mine said, hey get on the airplane, just make sure you're on the seat closest to the exit. we're in a bubble. i think you could see stocks in gold decouple at one point where we've got an election coming up. i think biden is going to win by a landslide and he's going to

jack up capital gains tax to ordinary income. he's going to announce that this week quite frankly and that will be good for the stock market but they're going to continue to pump in liquidity. gold, i also love bitcoin for the same reason, core holdings of mine. i think we're early in the cycle. >> mike, it's karen. so you mentioned bitcoin and gold there's a lot of overlapping elements to the thesis, inflation kind of run amuck. which of the two do you think will do better if we start to see inflation really kind of kicking into gear? >> it's a little unfair to compare them because bitcoin is a 50-60 vol asset and gold is 1/6 of that. i think bitcoin will outperform

gold because we're still in the adoption cycle there's more and more people working on making it easier to buy. at one point we'll get an etf. my sense is bitcoin way outperforms it but i would tell people to have a lot less bitcoin than gold just because of the volatility. >> you've seen multiple commodity cycles gold/silver ratio looks interesting. but other commodities here, some of the same setup works for copper and possibly even for oil. what do you think? >> i there will be supply constraints. if the economy comes back, if covid doesn't crush us, you could see oil spike back to the high 50s or maybe even $60 it's a bit of a different thesis

simple to play gold, silver, bitcoin in this monetization three ti thesis the real economy has issues. certainly in the u.s. we're stumbling through this covid i was in las vegas a few weeks ago and already the numbers are down because of the covid resurgence we're having a hard time getting a lot of our economy restarted you can't travel abroad if you're an american i was going to go to greece. they said no, you can't come we're in a fairytale world because the fed is giving so much money it's hard to see where markets end, but you don't really want to bet on things that are geared to the real economy, then. >> you said you trade the s&p 500 range. i wonder if that range has

changed at all you also mention some of these momentum story stocks like tesla. have you been in any of these trades, recognizing that momentum is carrying these stocks yobeyond what their fundamental state might be >> a little bit. i didn't make nearly as much money as someone who went all in and went bullish on the thesis i fought it for a while, then quit fighting. i have a ton of bitcoin and bitcoin is part of that story though it hasn't done as well. i have a bunch of gold stock-wise i haven't done as well i courageously tried to short tesla yesterday and today. we'll see. it felt like 37% in three days was too much i'm still picking some spots to be very short-term on that stuff. i haven't played the big momentum so my friends are getting richer than i am.

>> guy adami, you're laughing. >> if he has 800 friends, maybe that's true. i know a lot of people don't know this. he was a bad ass krwrestler in h day at princeton university. i agree with him 100%. i do think the precious metal story is just starting and that the stock market is completely decoupled from the real economy. at a certain point, that has to sort itself out. i don't think it's going to sort itself out with the economy magically catching up with the stock market. >> this is the debate we've had every single day since the march bottom you may intellectually believe that the economy is a certain way and the market should trade a certain way, but this is the market you have and you have to trade what you have. >> yes it's funny because he used the

metaphor of be on the airplane and sitting near the door. another great one is called dancing by the door. i think you have to be dancing by the door on a lot of these risk assets and you have to put some stops underneath you. it is the market we have and you can hold your nose and you can still make money here. i think the liquidity, i continue on. the fed's vice chair, the things that came out yesterday were to me shockingly dovish i think considering where we are in the cycle, the fed is showing no signs of laying back. gold for sure going higher i think silver is a better trade if you look at that gold/silver ratio. in this environment with the falling dollar, guy talked about the gdx. i don't always love that trade but it's a good place to get back involved. buyer beware sending a warning to wall street that this one sector will halt the market rally

plus used car sales in overdrive as customers scramble for a set of wheels. later tweet us your burning questions @cnbcfastmoney it's pretty inspiring the way families

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market flash on bed bath & beyond the stock is dropping off hours. kate rogers? >> the stock falling around 7% in the after hours trade here after bed bath & beyond said that its sales fell nearly 50% in q-1 due to the ongoing pandemic online sales did surge about 100% in april and may. the company says it also plans to close roughly 200 of its

stores over the next two years that will begin in 2020, later on this year bed bath & beyond also owns and operates bye-bye baby, christmas tree shop. by closing those 200 locations, the company says this will save between 250 and $350 million in annual cost savings moving forward. >> so back to school is in doubt, back to college is in doubt, weddings may be on hold karen finerman, these are all reasons to go to bed bath & beyond >> yeah. i don't know the only one i can think of is maybe people in their kitchens buying a lot of kitchen devices. they're structurally in a terrible place with these giant stores and trying to take on amazon in a covid environment that's hurting everyone. but then you add on the back to

school thing i would stay away. >> guy, quick? >> as mentioned last night, once again on "fast money," you had a 50% retracement in the name from 3 to 17 down to 10 and change. you had to sell it he was correct here we are. i think it goes lower from here. speaking of earnings, big banks gearing up to deliver earnings reports next week are we expecting any good news from the banks to turn this all around tim seymour, will we actually get some guidance? do they have visibility more than anybody else? >> well, they certainly have some but again their visibility is that which is going to be d distorted by the liquidity that banks, first of all are passing through, some more than others but that the consumer has certainly been given a buffer and a lot of the corporates have been given a buffer. some of these loan loss

provisions which were seemingly high in q-1 i think will probably be similar. if there's little for banks to chew on here, i do believe when he priced in a lot of bad news until we get a vaccine, i thinkbacthin think banks are going to underperform the relative value trade back into banks seems to me as if this would be at least for traders a great place to be getting in i'm not sure you have to do this before earnings, but i do think banks look relatively interesting here. >> in terms of the visibility and the guidance they could give, it seems like there would be a lot of push and pull in this quarter you have reopenings. you have the consumer still being propped up by stimulus checks, that extra unemployment benefit. we don't really know where things are at right now. >> right we don't know where things are at and they're going to have to make some guesses as well.

the loan loss provisions which were absolutely a shot in the dark for the march 30 quarter because the shutdown was just starting i think they're going to have more information here but still not enough information to know for certain. i think we're going to see very significant loan loss provisions housing and mortgages and then for the money center banks, the capital markets business they have done since march 30 is astau astou astounding that's going to be one bright spot clearly the market is very concerned about banks. you know, if you look at how banks have not really responded. i think they're overdone to the downside i think that even with giant provisions which people should expect that there's upside here and i think a year or two from now they could be back to near what they were earning before.

>> we'll see what this next guest says let's go off the charts. john, what are you looking at? >> we've done a lot of work on the banks. the first chart is a chart of the relative market cap waiting for the financials of course the banks are the biggest component here the relative market cap weight for the financials has been down for ten months in a row. this is the worst news for this group since the global financial crisis when it went down for 11 of 12 months in 2007 we think the group is going to continue to work lower you haven't made any money in this sector as a sector for 20 years. we're looking for it to continue to deteriorate we don't need them is the main take-away here. >> in terms of what this might say about the overall market, john >> so we went back 30 years and we found that over these 30 years the financials are down

nine times coincidentally the s&p was also down nine times and there was an eight-year overlap where the financials were down and the s&p was down in the same year. it has said that with the financials being weak, it's likely a drag on the market. we're going to think that our history lesson should not be lost, but we think on the other side of it tech continues to gain the relative market cap strength at nearly 43% in the s&p 500. as long as tech stays strong, the financials will likely be a drag but not a killer. >> your outlook for tech >> i think this is a market where you continue to buy the winners. tech is strong miners are strong. biotech is strong. video gaming is strong we have an index called the rich index. it's up almost 100% off the lows these are the winners. it's hard to sell your winners. >> john, thanks for joining us john roque

guy, which chart jumped out at you? >> jr is spot on kudos to the earlier fast pitch of twitter dan mnathan who's bee talking about this for a while when you have earnings next week and you get a bounce in these names specifically from jp morgan because it's come down from 115 to 92 or so in fast fashion. i think you're going to get a bounce personally i don't see these banks get anywhere close to the levels we saw in january that's what really sticks out to me the most. >> dan >> guy nailed the move in let's say jp morgan when it was back down here in the low 90s i think what's really interesting about the banks the sentiment is really bad especially for the money center banks. they are more tied to the real economy. you look at the investment

banks, those charts look much better and they act really well and their businesses are really, really humming the ones that are tied to more debt and more default and loan loss provisions and potential bankruptcies, they act really bad. i'll just make one point about jp morgan. this bank is down 33% on the year it's up 20% from march lows. it's down 20% from june highs and it's trading where it was in mid june it just acts horribly. if it does break lower, if it doesn't bounce or if the bounce is sold next week, then banks are in for a lot of trouble. i suspect they start to take the rest of the market with it because that's a better indicator for what's going on with the real economy rather than the liquidity induced economy that the investment banks are really enjoying right now. >> i agree with the last thing that dan said, which is if the banks do go lower, it's hard to

see how the rest of the market can't go lower as well given how integral they are to the entire economy. but i actually think they'll go higher i'm long. coming up, calling all car enthusiasts. we have two red hot car stories for you next and the prices are just hitting the gas here. we're going through a really tough time right now, all around the world. and covid-19 is still impacting so many people. if you've survived it, then you're the heroes we need. the plasma that's in your blood can literally save lives. but we have to act fast. so please donate. you fought for your life. now, let's work together to take down covid-19 to donate plasma go to thefightisinus.org woi felt completely helpless.hed online. my entire career and business were in jeopardy.

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do you hitch a ride with avis, karen? >> i did see the melvin capital. it's a 13 g. they're not looking to do anything aggressive or active but still that's a big stake i think it's interesting that what was a huge headwind for avis has now become a tail wind as we've seen used car prices explode as people decide they can't take public transit and they want to buy a car and some of the original equipment manufacturers haven't been able to get out as much inventory that's sort of been interesting to me. i don't know what to make of that first bankruptcy. i could see it as a positive or a negative depending on the hertz closes locations or get rid of debt and operate more leanly it's had a big run, though i'm not chasing it here, but it is interesting. >> let's stick with autos and specifically used cars there's been a red hot ral ly o

the used car lot phil lebeau has some numbers. >> when you take a look at the auto dealers you want to look at not necessarily the new vehicle sales. they're restocking after everything being shut down back in march really want to focus on the used market because the used market has been red hot when you look at the used car sales or that market, look at auto nation, group one automotive as well as penske automotive it's the pricing where you're really noticing a difference the average wholesale price $15,177. last year that was 6.7% lower. you go back four years, it was 19% lower. clearly there is demand there. when you go to the wholesale auctions, those virtual auctions show they're handgun ee're wil because people are looking for

those used vehicles. sonic automotive have their franchise dealers and they also have echo park which is their own brand for used vehicle sales. both have been going very strong what a run sonic has had to go back to april. finally online is also doing well carvana. this is an example of why in this market people are saying this is the sweet spot carvana has used vehicles with strong pricing and you also get the digital element with the deliveries going to the customer you don't really have the footprint to worry about whether or not something gets shut down in a particular region >> phil, thank you auto nation one of the top performers raising 11% higher this week. dan, what you do you make of this space >> really interesting setup here obviously all that phil and karen just said about the used car market, auto nation is well-positioned here when you think about the cost savings

they're having this is a low margin business. if you think about the model, t it's really about service. if we're seeing a secular shift back towards car ownership after years of moving away for a certain demographic to maybe public transportation or ride share and now they're coming back, if you sell a used car even at a low margin, your costs are lower too right now. you have them locked in on the service side i think auto nation is really well-positioned for that if you look at the earnings and sales hit expected for 2020 and you say to yourself if these trends continue, this company back in 2021 could get back to peak earnings and sales. right now it's trading about ten times next year's earnings that's cheap this is one you want to keep an eye on because i think you could see it back in the mid to high 40s if things go reasonably well over the next few months. >> roger penske huge fan of

cnbc's "fast money." i want to give a shoutout to him, great american. carmax, mel. i know you're sharp as a tack in terms of your memory you may recall in mid june we said buyer beware in kmx here we are at $88 i think you take a shot at carmax here. so kmx in many world. >> if you're investing in some of these used car plays, tim, what happens post pandemic do trends go back or do people actually hold onto these cars? >> yeah. i mean the hedge to this trade is that you've got trends for uber and lyft down 10% from april to may or may to june. those trends are getting worse at some point we go back to normalcy but i think for a

carmax, i think these are real trends part of this is the exodus out of the city which is a trend we continue to see as well. coming up, investors cashing out on penn national gaming this week plus, a prescription for profits. traders seeing big gains in one health care stock heading into earnings feeling stressed? try new nature's bounty stress comfort. three unique gummies for your unique needs. find peace.

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welcome back to "fast money. penn national has been hot this year up nearly 700%. that hot streak has done cold. penn is down 10% in the past week karen, do you like this name >> i actually do kind of like this name. i like that it's down.

it's a better entry point. i think the resurgence of the virus i think has hurt them and other gaming stocks. i think that some of the delay of smaller scale of professional sports, that's also not great. maybe the day trading fad, maybe that's peaked and there's lots of debt. but i think the barstool acquisition is great they haven't been able to see the real benefit of that they're going to have an online sports betting app i think dave porter er iner isa marketing genius i think it's actually attractive ultimately casinos will reopen again and sports betting will come back. once there's more games i think it's going to be gigantic for them. >> the barstools acquisition or the stake they took is obviously tied toward sports betting when you look at the price action in may, the company sold about $600 million worth of

stock in common and converts at about $18. when the underwriters did that deal back in mid may, they put a 60-day restriction on insider selling. the stock is a lot higher near 29 that 60-day comes due next week. could you see insiders take some profits? possibly that might be one reason for the weakness this week this stock lost 90% of its value from february highs to march lows all of that debt, nearly 12 billion or so, they just raised 600 million in cash. if the stock starts heading h ir lower, i think investors look again. it doesn't really appear that the restart of sports season is looking too great. if those things fail to launch, this stock is going lower. they only have about 41 gaming properties we just talked about earlier

that the vegas thing is not going particularly well too. this could be a spotty summer for gaming companies like this. coming up, options traders are betting on healthy gains in the stock. coming up at the top of the hour, we are taking your stock questions. tweet us @cnbcfastmoney. at leaf blowers. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today.

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we will learn a lot about the consumer and the state of health care tomorrow when walgreens reports tomorrow the stock has been crushed the first half of the year options traders are betting on a big move higher. mike khouw has the story.

>> although the stock hasn't really performed all that well, we did see calls outpacing puts by 2-1 right now the options market is implying a move of about 6% by the end of the week. that's in line with the 5.8% or so the stock has averaged over the last three quarters. b buyers are betting that the stock will go above $45 by the end of the week. they're betting on good news out of earnings and perhaps making a contraryian bet on a stock that hasn't performed so well next, we have your final trade. ♪ ♪ ♪

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don't forget bonus haour of "fast money" straight ahead. tweet us @cnbcfastmoney. it is time for the final trade let's go around the horn tim seymour, what do you say >> that's going to be a great second hour.

t tme is the ticker. trades cheaper than spotify. i think the trends are very much improving in terms of subscription i like this name as i like chinese tech right now. >> dan nathan? >> i was not on cnbc's "fast money" last night but i was watching the illustrious panel talk about the potential for walmart plus i really like it i think that they will get a better multiple. that's what the guys were saying last night i'm a buyer of walmart here. >> karen finerman? >> seriously, you're a buyer of walmart? that's kind of amazing because i'm a buyer of walmart too and that was my final trade as well. i was on the show, not watching it but i was paying attention. i like walmart buying it. >> karen and dan agreeing on something. mark the date.

guy, what do you say >> it's interesting. obviously there's a lot of time to think one of the thoughts i had during the show is you renting a car. is that even feasible? did you rent a car >> i have a license. >> what type of vehicle would you rent >> a big one >> a large vehicle. >> a big car yeah >> that makes perfect sense. you want obviously safety is a factor just please alert our viewing audience when you'll be on the roads so they can choose wisely. >> i've never gotten a ticket. >> oh geez, guy. >> just keeping it real. this is what we do what i'd also like to keep real is the electronic arts in the game ea. >> all right thanks don't move we have another hour of "fast money" coming your way, so stick around for that.

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come on in, we're open. ♪ all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪

welcome to a bonus hour of "fast money. i'm melissa lee. jim cramer is off this week. it's all about you we're tackling trading questions drilling down on the hottest stocks tweet us yoush questir question you see our panel tonight. nikola putting an end to a five-daty tumble what is next for the red hot name first, how we ended the day on wall street. stocks hitting back with the nasdaq posting an all-time high. it is up 17% this year the winners in the nasdaq 100,

biogen docusign. let's get to josh lipton who is tracking the trades. josh >> so melissa, a few stocks that retail buyers were big on today. let's run through them nio, vbi, nikola and alibaba vbi vaccines is higher worth mentioning, jim cramer talks about what he calls super speculative names, classic lotto stocks is how jim puts it and does include this name one that didn't fair as well, an online fashion decembstination. two others rising would be clean energy fuels and the eng lir come p - english company. blue city made the public debut. the owner is described as the

biggest gay dating app surging higher and nikola consistent member of the most popular list soaring today as a team at j.p. morgan did hike their rating on the electric vehicle company to over weight. back to you. >> thank you let start there with nikola because that's where the first question is from it's on nikola let's take a listen. >> hi, i'm eric from wisconsin and my question is on nikola we have a controversial valuation without real financials to support them yet although, they have a very disruptive and innovative business model using hydrogen energy within logistics. will nikola be the next tesla and is it a buy? >> all right tim seymore, what would you say? >> eric so you believunded liket covering that stock. sounded great. he hit on the issues this is a concept stock. the hydrogen fuel cell is an

alternative vehicle. we had a lot of hype what i find interesting about the story is that the infrastructure that they claim they can provide in this country, it now makes sense and what didn't make sense but they outsourced essentially the production of the vehicle. look, we still want to see this pickup truck to me, there is an enormous amount of interest in this entire space and right now, this company is riding that wave. i think it looks pricey and not something i'm chasing but eric, you outlined the issues there. this is a company kind of a show me stock. >> yeah. j.p. morgan is interesting as part of this upgrade that they issued today they said a near term catalyst could be unveiling this oem partner that will actually m manufacture this pickup truck, the badger coming out. guy, you would think versus tesla that took on the manufacturing risk with the capital and risk of execution. this might be the smarter move. >> without question. kudos to -- the timing could not

have been better because in terms of the stock, i think this was a $75 stock a few weeks ago. i think it closed at 40 yesterday. so the timing was spot on. and i don't know if it's going to be the next tesla but if it 120th of tesla, that's a huge move to the upside in stores so i don't necessarily get the story. i mentioned i was away that day in school that we did the periodic table so i'm not familiar with the letter h hydrogen for the risk reward, you probably set up well given the move to the downside and given this subsequent upgrade. so thanks for tweeting and calling in your question i'd love this fast money q and a thing and thanks and by the way, mel, we have to say this thank you to the staff from "mad money" that have been working with us all week i want to throw that out. >> they are helping us make this all possible so we can talk to you at home out there. dan nathan, what do you say about nikola >> it interesting.

when you compare to tesla, it's important to look back and say this was not an easy stock until about maybe a year ago when it decided to go from 200 to where is it now? 1365 or so in what feels like a straight line. you know, 2014, '15, '16, the stock felt like it was flat lining around 280, 180 and 17, 18, 19 trading in a very volatile range between 200 and 400 and last summer that it felt like it was about to break the range lows so i feel like it's too easy that nikola was like a single day d digit stock and now back at 55 it will be doubling and doubling and doubling again it up 400% already but i think that what tesla tells you at a certain point they have to show you what they can do and tesla has clearly done that and they have made fools out of a lot of people in the last hour, mel, we were talking about tesla a bit and you asked a question about trading the market and the momentum in the name like this

let me tell you something, we've never seen anything like this. okay whether it's the market you have it doesn't matter if you've never seen it before, sometimes the smartest thing is just to kind of avoid it because i can't tell you that this is going to end particularly well. it clearly a market mania right now. so you're crazy to short it but by the same token, i keep getting questions when to buy it and i just can't tell you what to do here we've been wrong on this story i've been wrong on this story. things you've never seen before sometimes the best bet with your money is probably avoid them. >> the thing you can learn from tesla in terms of that stock, it's not an easy thing to trade. maybe some of the greatest profits can be made if you're able to trade that volatility in the stock and the disbursement of the analyst is enormous i mean, today we had j.p. morgan yesterday rbc, tim, initiating nikola saying it looks more like a business plan than a business. i mean, the verdict is really out. >> that's extraordinary.

and again, it's a concept. there are so many idea stocks and we talked about that with novo in the first hour of this show i like what dan is advising. dan say saying hey, folks, you don't have to jump into every store because you see momentum behind it. do fundamental work and have a horizon and i think some of these names while you can be as a citizen walking the earth love the concept of what is going on here and a very dynamic caeo, what is the story right now and ultimately there is a lot to be proven with a valuation. >> as we continue to track the increased activity of new traders out there, we brought back robin track founder casey to layout some of the most interesting trends he's seen in the past few months. great to have you back with us i know that you do interact with some of the users of the robin track data and you urged them to download the data, use the data, share it with you.

we're talking about momentum stocks they are very popular on robin hood in erm tterms of trades. what have you notice snd. >> there is a couple different modes retailer will be in and the dip and sell it and if the price comes back up and other times when things really start to pick up steam, people sort of convert to a trend following phase. they will pick whatever the pack is doing and jump on board even after its gone up 50, 100, 200%. it depends on the stock and added to the market as a whole. >> let's take tesla. it seems like it's been until today on this unstoppable run. it may be in that upward trajectory what do you notice how are you detecting this are you seeing increased volume as the stock price continues to go higher when it comes to the activity on robin hood. >> we keep track of the total number of users.

back in 2018 when i first started collecting data, tesla was one of the most meaner version stocks out there people would buy when the price went down and sell it regularly. it is opposite then at some point in the past year or so, that behavior changed. people started chasing the price up people started buying it after big price increases sort of as a trigger to get in rather than get out. it possible that some people are still following the old strategy yeah, the trend is definitely going higher when the price goes up these days. >> guy, i'm curious when you hear casey talk about these trends in tesla, specifically, what do you think? >> it terrifying to me, yet, you know, i want to be careful because people have done really well with that strategy. so if people are making money, to cast aspersions but with that said, we've sort of -- dan eluded to this we isn't seen it before but wean steve versions of it without

question and it never ends particularly well. so i just hope the people that are at home watching and, you know, implementing these strategies understand this looks like the real easy game right now but it gets very difficult very quickly and i just hope people prepared for that. >> yeah. casey, the other trend you're seeing on robin hood and that you're tracking on robin track is this rise of the use of fractional shares which is relatively new phenomenon. what is that enabling investors to buy at this point >> so fractional shares are really appealing to a lot of different investors that want to have a more balanced variety of portfolio while still having a smaller account size so it's been very popular and one example of this is in burke shi shire hathaway you can see on the to da when th they started rolling the close a shares that wouldn't -- it was

only two or three people maximum who would hold it at the same time before they had traction l sha -- frankel shares available. >> that is interesting people think people that use robin hood are in nikolas of the world, the plug power. they top the leader board every day and don't think about retail traders buying fractional shares. >> there is a different variety out there. a lot of people who will buy based off social trends, a lot of instagram accounts, ticktock to get trading ideas and share ideas with their peers that the one of the biggest sources of people's buying and selling decisions for the short term rather than long term investment. >> casey, great to speak with you. we'll talk to you again soon. >> thanks for having me. >> all right the founder of robintra robintrk dan nathan >> it's tough.

we've been doing this along time we're not your stockbroker we're not your analyst or hedge fund manager we're trying to give you insight on things we're seeing we'll get plenty of things wrong here when i watched segments like that or listen to guests like that, it's telling you that there is a whole new group of people in the market and that's not a bad thing. we're in the "mad money" hour here i know jim cramer loves for new people to come into the market and does a great job teaching him. what we're trying to do is also kind of espouse a little bit of our multi decade history history rimes. it doesn't usually repeat but the riming part is what we do pretty well here and so the timing of all this stuff is really, really hard and trust us, we do not want people to get hurt in manias and there are manias going on now and people are having lots of different tools with lots of money, maybe that they didn't have maybe six months ago and lots of time on their hands and that doesn't always kind of factor into doing the right thing when it comes to

investing. so all we can do is kind of point out some things that we think are a little ridiculous. i think this little mania right here is a bit ridiculous right here. >> let mo's move on let's get to kate rogers for bed, bath and beyond. >> hi, we are keeping an eye on bed, bath and beyond the stock continuing to fall on the q 1 earnings miss today. sales declined as much as 50% in the quarter due to the pandemic. this as online sales climbed by 100% in april and may with more shoppers staying home and buying via e commerce the company plans to close roughly 200 stores and that plan will kick in later in 2020 they owe bye, bye baby and most of the stores it will be closing are its flag ship bed bath and beyond locations the company like many others declining to give any guidance for 2020 due to the on going pandemic and clearly, we're in that changing consumer

environment impacting retail businesses of all shapes and sizes, melissa back to you. >> kate rogers, tim, what do you think of the stock >> i think the stock had secular issues going into covid-19 it's great that the e commerce trends are what they are but really this is a store crushed by mall traffic and your general brick and mortar shoppers and this is a case where if we don't have some of these back to school trends, if we don't have some of at least the business that we've been counting on as we get into the holiday season, this is not one. this is also one that had an enormous bounce off the bottom this move, this update is not a shock and the stock is one i think that will continue to language. >> coming up, we're taking more questions all hour has the rally on zoom zoomed by? we'll bring a little would you rather to "total request fast money. we'll get thoughts on the retail space but first, the hottest

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welcome back to this special edition of "total money fast edition. let's get a question on a hot work from home stock. >> hello cnbc this is pete in florida calling ask and asking u zoom video is it too late to get in on zoom video? if not, what is a good entry point for zoom video >> thanks, pete for you question guy, what do you say about zoom? >> thanks, pete, for tuning in listen, we were very bullish on

zoom for a long time and i thought after they reported, got to be a month, month and a half ago i thought it was a good chance people would sell off the earnings and there is a trades back to 175. i think you're chasing now i think now you just got to wait have you missed it yeah probably missed the lion's share of the move and i would try to be patient here. >> how about microsoft teams isn't that a huge challenger here they just rolled out this new feature. this together mode that displays people in a.i. generated settings like stadium style so a bunch of people look like they are in a stadium or concert hall or something like that, tim. >> look, there is no way microsoft is going to lose this market share and the ability to have the full package of enterprise software means that microsoft can't compete. what they are going to charge people for or not up miltultima

where they push zoom around. the competitive landscape, facebook has an offering this is a crowded space. it will become more crowded. good for zoom for getting out there. they changed the way america went through covid-19 or has been i guess it's still present tense. it's very interesting those june 3rd numbers came out the expectations were high and really blew it out of the park they were better than expected not surprising to have the stock pulled back but as the street was able to regroup, you saw upgrades from there. i'm with guy i think the valuation is very difficult in this competitive landscape. >> guy, you have been raising your hand patiently. your question? >> i used to go to school, as well when we were in class we needed to raise our hands patiently i'm happy you called on me i'm disappointed you didn't make menace of this on cnbc's "fast money. there is a lovely candle over my shoulder. >> i noticed it from get-go.

is it jasmine scent or cgardinia >> this is a henry bandel no longer in business, gardina. >> i guessed that. how am i in your head? that's insane. >> creepy. >> insane. >> back to zoom -- >> sorry about that, folks >> why are we talking about this >> guy digresses dan nathan >> a lot. >> so i think my panel has it correct here the stock is up almost 100% from the june numbers the stock quickly sold off in may when they reported earnings. the stock was up over 100% from the recent lows. it's trading 40 times this year's expected sales, 32 times next year. that q 1 earnings or sales that they reported was up 170% year over year. it was up about 75% sfrom the q

4. the guidance for revenues is up 50% sequentially that could prove probably conservative especially if we have a lot of schools not going back in full force if the openings are not working particularly well. the question is how much demand have they pulled forward and how are they able to get a bunch of free users to pay on a monthly basis? so i suspect at some point when you see some deceleration in the year over year numbers, you're going to have this stock come back a bit and you're going to have an opportunity to buy it. these guys made a great point. everyone is competing with them. it cisco and microsoft and google it's facebook. these are, you know, companies with huge, huge modes but this first mover advantage, they have a better product it well run. this is a company you want to own. i just can't justify it at this valuation. >> all right we got our next question on a big social stock. >> hey, there, "fast money" team

this is taylor kennedy i'm a 33-year-old investor from jacksonville, florida. shoutout to guy for keeping it real on eating habits. i want to know how the team feels about twitter going into this year's election cycle. >> keeping it real about his eating habits. that the a nice way to put it. >> eating habits. >> election certainly a story line for twitter but the stock is moving today on rumors of the subscription platform. guy, i'll go to you on this since you're being honest about eating habits. >> we mentioned my 23 mcelderry d -- mcdonald's cheeseburgers many years as we walked up to the drive in window in new york city and you corrected me, of course which is your want to do i keep it real and i mention the aftermath of that wasn't pleasant again, i'm honest to a fault and i'll be honest about twitter kudos to dan nathan of risk reversal who power pitched this stock a week and a half or so

ago and we've been bullish on this for quite sometime. so far so since president trump railed against them back in may. i think this stock is going to the february high, which was 39 and thanks for playing our home game t.k. >> yeah, you know, that was a great move, you know, on not particularly solid information, which just tells you that the sentiment was very poor in the name it been a big lagger i think there is only like 7 analysts who rate the stock a buy. one of the reasons i pitched it more than a week ago on a relative valuation basis to snapchat, it just looks cheap and you think of the scarcity of social properties that have the level of importance that twitter has and you say to yourself, it's just too cheap. so i'm in guy's camp i see a lot of catalyst including the election but if pro sports are able to come back in a meaningful way, that should be good for engagement so to me, listen, if it gets

back up towards the high 30s, 40 prior to earnings, you take profit here. >> tim >> joker, joker and a triple i got to jump in here and stack the deck i think what twitter has been doing with their average revenue per user, those trends are strong relative to where they are coming from. their ad growth very strong. the ability of ad targeting and some of the complexity of that new science where they are actually going to be able to derive higher ad revenues, i think the story for twitter is ahead of it. the value in this platform, we all recognize these guys are talking a little bit about trading levels that the fair. twitter has given you multiple opportunities to trade 38, $39 level and a stock that was over done to the downside today's news was not necessarily defined in terms of how this subscription service would work and therefore i think you have to be careful about chasing it. >> guy is raising his hand again and i feel like i just want to

ignore him this time around. >> yeah, always call on everybody. >> go ahead. >> that happens a lot to me. no, you know, tim said joker, joker and triple i just want to mention for our younger audience our ma leillen, joker, joker and triple. >> thank you, the more you know. speaking of twitter. let take a tweet stock enthusiasts. there is considerable down side risk in apple at these levels. your thoughts? tim, let's go to you on that. >> boy, you know, i've been neutral and have taken and it makes sense. very challenging very relative to apple's 23, 24 times forward a lot of good news on 5 g pulled

price forward. we don't know what the refresh is going to do we know the services business is well bid this is a beneficiariry of a huge liquidity burst i don't think the stock has to get away from you on the upside. if you're not in the name, you'll get a better shot to get in. >> guy >> jim usually occupies his time slot has correctly said this is the stock you own, don't trade if you go back and look twice over the last two years, you've had monster moves to the downside 220 to 140 and recently you had that move from an all-time high of 325 to 240. basically in a straight line i thought for awhile now it's gone back to 325 there is a very good chance it gets there that was the previous all-time high i'm with your camp stock enthusiasts. >> dan nathan. >> yeah, i mean, listen, you know, on a day like today when

the market turns and this powers ahead up 2% closing at an all-time high, it feels like there is this panic buying the same thing happened in amazon and microsoft it just seems really odd to me it's dangerous because these are not small companies. they were not talking about some $10 billion market cap with some new wiz bang cool work from home app or some social app or something like that. this is a $1.6 trillion market cap company that has not materially grown the sales in units for like three years of their key products and tim mentioned, you know, services. service is growing in the teens the that's off a good base here. that's obviously decelerated again, they have pulled in a lot of demand for what might be a 5 g phone. i'm not sure it comes in any meaningful numbers this year so that could just be the sentiment trade if that gets pushed out to guy's point, 325 was the

breakout level from the prior high you know, if you're dying to get back in, i suspect you'll get a pull back sooner or later. >> coming up, draft kings having a strong start is it time to double down or take it off the table? to the answers you're getting to keep your questions coming we'll be answering them throughout this hour and the rest of e ek ba itw ckn o.thwe you can't predict the future. but a resilient business can be ready for it. a digital foundation from vmware

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welcome back to a special edition of "fast money." a stock riding on a return to sports >> this is justin calling in i'll be a junior this upcoming fall and i want to start off by saying thank you guys for having me on today. i'm calling to see short-term and long-term outlooks the short term initial pop after the offering so 20 to 25% sell

off, with sports trending up being a level of uncertainty regarding the nfl and at lhletic seasons, i'mcurious where you think the share price of draft kings will head understanding these will be live revenue strea streams. >> very detailed smart man. what is your quick take on draft kings? >> there is a lot riding on it that's not why you're buying the stock. you're buying the stock because the trend on gaming and interactive gaming and non-conventional gambling is really what this is all about. this is just the beginning and i think ultimately, at some point draft kings is also the kind of a name that could be part of a bigger media story interactivity with viewership but right now a lot of the momentum here is the concept of sports coming back into play and then a bunch of analysts that had to initiate on the momentum.

not chasing it here but like the trend and do think that draft kings is one of only a hand full of plays that give you exposure to a very exciting part of the online market. >> let's dig deeper into draft kings. michael graham, michael, great to have you with us. we covered this stock. tell me, michael, if i believe sports may not come back in the fall the way we know sports, why should you be in draft kings you've got a buy on the stock? >> yeah, thanks for having me. it's a great question. you know, we like the stock because over the long term we agree with some of the previous comments you got a market of viewers of sports in the u.s. that also like to bet on sports and they just haven't had a legal and easy convenient way to do so historically that the changing in the country now with the wave of legalization efforts across the u.s. there are nine states where

mobile sports online sports betting is completely legal and another nine or ten where it's really close to happening in someway, shape or form and we think in several years you're going to have two-thirds of the country living in states where online sports betting is legalized and as that happens, we think there will be a lot of engagement and usage americans love to bet on sports and watch sports that the the under pinning of the positive stance on the stock. when you dial that back to the short term, you definitely have some sentiment riding on, you know, if and how the sports calendar comes back. obviously, the most important one here is the nfl. you know, draft kings and the markets that it's fueling can survive really well with no spectators, right? if these sports come back without spectators, that's just fine the nfl is the biggest, you know, sport in betting and it's going to be very important as we

get into q 4 and a little bit into q 1 with the super bowl now we got in this interim period, baseball and basketball. you've got a lot of golf events coming back. so, you know, there definitely is esentiment riding on it and certainly not a certain thing but looking fairly positive now. >> if the nfl doesn't come back, does that change your buy rating on this stock? i'm wondering because we see a lot of these college teams try to go and engage and these voluntarily workouts, the players get back to campus and all have covid tests and test negative and 14 days later, the voluntarily workouts are halted because so many teammates have caught ovid by being back on campus. >> yeah. to answer your question directly, no, it wouldn't change our buy rating because we take a one-year view and we do think, you know, in general that there are certainly serious head winds and challenges to getting these

sports competitions underway a year from now, it's very likely to not be, you know, as bad as it is now we definitely think that we will get through this and draft kings business will get through this if we do get, you know, something dramatic like the nfl season getting cancelhancancell postponed or curtailed, i think you would likely get a better entry point into the stock at that point because there is going to be sentiment riding on it one of the comments earlier is important to keep in mind, if you want to invest in this theme, you don't really have that many options. some of the other options are tied up in larger companies with different businesses that maybe aren't as fast growing and we like, you know, draft kings strategy the fact that we think the company is in a good position to be a digital disruptor to build

products quickly and iterate on them i do -- we do see a lot of investors interested in the space and stock. i think if there was weakness on the sports calendar, i think it would probably be short lived. >> that's a great run down of what is going on in draft kings. my question is are there natural suitors out there for draft kings, casinos, disney, any number of the social media companies? does that come into thinking in terms of valuation for the stock. >> i do think there is plenty of potential for draft kings to be a target for some bigger companies. one of the things that you mentioned a few minutes ago, when you look at what happened on twitter when they had the nfl for a little while and saw engagement just going through the roof there, the younger generations like to watch sports

but they like to watch them with a mobile device in their hands and, you know, engaging with the content which can includ betting on that competition. so there are really good tie ins here for big media companies looking to and gain new viewers and constituents so yeah, over time, you know, draft kings could be a company executing well independently for alittle while and needs to be independent because this is going to be one of those areas where to win, it's going to require big investments and, you know, draft kings has sort of the permission from investor base right now to make those investments and so i think being independent will help the company, you know, do that. >> michael, great to speak with you. thank you. >> thank you.

>> dan, this feeds right into your thesis on twitter in terms of engagement. >> yeah, i think he made a great point about that second screen i think that back in the day when those thursday night games were on twitter, people didn't know what to do when watching the game on twitter and using that second screen to do other things that's a great point listen, i think, you know, this story is obviously not too different than what we were talking about in the last hour with penn. what penn did was interesting. that stake they took in bar stools they got done tecontent. they have a very engaged user base and put it together and building something bigger and ultimately there will be an acquirer of that combination of content generation and the ability to kind of bet on the games. i'll make one last point about draft kings. this is a very well run company and, you know, they see the ad dressble mar market in tens of billions of

dollars and you think of the short fall, there is going to be legalized sports betting all over the place so to me, if there were a pause in the nba or mlb or nfl and i suspect there will and this stock gets hilt sot some where h 20s or so, i expect it to be bought up. same for penn for the coming weeks or months. >> the legalized gambling thing, we heard this before, guy, you have to tell vince, flip to shh. that's your dogs >> that's flip they are upset -- >> i thought it was flip. >> it's flip flip, come on, man. >> tim. >> sorry. >> we heard these arguments when it come to pot and there is a certain amount of market that may never go the legalized route buzz th because they have their own ways of placing bets. >> yeah, look, we'll have legalized gambling across the country. i think we'll have legalized

cannabis across the country. i think there is no stopping it. i think public perception and trends are telling you that the public wants it. draft kings has built a brand. like, they have been out there for years telling you what they do and i think if someone wants to bet on sports, they haven't done this before, they are going to draft kings it's a question of what you want to pay for them. this is a very big space they have competition. there are folks that will encroach upon them but they are out front and built a brand and that's important this is not about this fall. this is about the next five to ten years. >> coming up, you've got more questions. we've got more answers up next, counting down to disneyworld's big day. how do you trade the stock ahead of the grand reopening we'rba itw e ckn o.

welcome back to this special edition of "fast money up next a question on retail. >> my name is steve from maryland which company is better investing for the long term? walmart or target. walmart came out with the plus and target stayed the same for a week which company do you suggest i invest in. >> steve from maryland, would you rather in the video question to us. nice going, steve from maryland. guy? >> don't you love the viewers playing at home? it fantastic it's wonderful long term walmart you play without question not that i'm a huge fan of walmart plus or what is going on that the a game changer. i think dan and tim would agree.

on valuation, i think target is still in the more compelling stories. so if you're talking about five to ten years, i think walmart if you think over the next five to ten weeks, target. >> dan >> i don't think you have to do what you do. i like the walmart plus when you think about the whole goal is same-day delivery for groceries and the idea is to get other things grocery in your chart, i suspect from what we know about amazon prime, walmart will be successful you think walmart has $550 billion in annual sales, 30% e commerce, this is only going to get bigger i see this as a tremendous opportunity for walmart over the next few years. >> so you like both. tim, would you rather?

are you going to answer your own question >> i follow the rules. walmart was my final trade last night. i like the story i think you have to have a would you rather because you have a case walmart can beat up target and costco and target on price this is what they have always done to me, this is a very important moment for walmart who had already made a pretty strong move to e commerce it interesting when they started out with flip cart and that move and jet, those didn't seem like they were doing anything but ultimately, they got their mojo here and this is a very important story. the multiple you can put on walmart as some type of e commerce play, whatever you want to do and whenever blended multiple you want, it should be higher than 24 times and that's really the story here. i've not been full scale bullish on walmart in fact, i probably said six weeks ago they pulled forward a

lot of sales they are the biggest retailer in the world. if the consumer is in trouble, why chase them relative to their peers, i want to own walmart they will continue to take market share and this was an important day. >> coming up, retail investors have been hot on the stocks as of late but is the action in the space just smoke and mirrors or is the flame rekindled we'll break that down and answer questioning on a stock that tooud add a little magic back in yr portfolio. we're back after this. experience the adventure of a bigger world in a highly capable lexus suv at the golden opportunity sales event. lease the 2020 nx 300 for $339 a month for 36 months. experience amazing at your lexus dealer. now you can trade stocks and etfs

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welcome back to this special bonus hour of "fast money.

stocks sparked a lot of interest from day traders cannabis is a tenth most widely held stock according to robin track. so tim, what's your take on the stock? >> aurora is probably one of the best they came out of the gates early, part of the reason the big canadian companies were ahead because they could be traded herement aurora is one they love to trade over and been a terrible stock to own so when i think about owning cannabis, the u.s. market is exciting and gti and crestco labs are doing a lot in markets now. they are profitable now. the canadian opportunity is still very much there. i think canape growth has turn that story around but the

exciting thing is going to be when cannabis companies have two q numbers in august and they are showing serious growth not just relative to the times, this is working. you don't need federal to happen cannabis was deemed essential. consumption is up. aurora is a company that the been in transition they have done a great job of starting to reel in the balance sheet but i think there are still issues on inpampairment charges. when that relief a deal was announced on the show in the after hours, i said i'm not that impressed. that the not a game changer because i don't think the cbd business is a game changer and the stock is down 20%. it not about i told you so it about i think look for the companies with the big addressable market and those that are executing now. >> coming up, it is a whole new world for one of the biggest entertainment companies. many r questi more questions ahead and look at the nasdaq 100 stocks. the buck of the trend and the

nasdaq climbs to new highs this special edition of "fast money" is back in two.

welcome back to "fast money. one major player sticking to the plans, here is the next question. >> hey, guys, andrew here from florida. quick question on disney with the theme parks reopening and sports coming back, will it be a good time to buy for a second half player or hold off and see how this reopening goes?

look forward to your opinion on the matter and appreciate your time. >> all right disney guy -- oh, and today guy was a very important day for you because you found out that one of your favorite rides is no longer in existence. >> what do you mean by that? >> the wild ride. >> oh, no. i think -- i don't believe that's true. that's my favorite ride, my second favorite ride is the -- >> hall of presidents. >> hall of presidents. >> and the tree house thing. >> so good. >> disney is not cheap here. disney is trading north of 35 times next year's numbers. you're probably right. a great call on this name initiated or reiterated $123 price target the stock has come up. if you look to get in here, you buy a third of your position and bait f wait for earnings. i don't see a reason to plow in

given the environment we're in ahead of the earnings season. >> tim, what do you say? >> you know, i'm not owning disney let's get back to the trader versus investor. i'm an investor in disney and four different business units and the disney fly wheel that is the studio and parks and consumer experiences and cpg, consumer products. we recognize i don't think the opening is going to be something that's going to be a straight line. in fact, i think it could be very painful but ultimately, the valuation here is at a place where you can own disney for a couple years. what is probably the biggest issue for disney investors right now is that if you think about that last round of earnings, actually looked at the balance sheet. they cut the dividend. this is stuff you didn't think you'd ever see with a company like this and they have been very prudent i'm an investor in disney and stay the course and i would own it here. >> you know, tim makes a really good point about the balance

sheet. they spent 2019 transform thing company. they bought the assets building up disney plus obviously, investors rewarded them but all of a sudden, they have a massive debt load right and had this black swan event. i agree with him i think the reopening of the parks definitely here in the u.s. will be spotty and the question is, how much -- how long can they operate at not 100% capacity? they won't be there for years. i agree. i like the story if you're a long-term investor they spent five years between 120 and 90 to the downside that broke out in 2019 when they launched the disney plus or at least they rolled it out you're going to get a chance probably to buy it a little better on some bad news over the course of the summer but this is obviously a great company, a great premium product. it will trade at a premium valuation but to guy's point here that valuation is a bit hefty. you have to take a long-term view here. >> we'll take one last question from twitter

our viewer courtney is a big fan. thank you she says and asks what do you think of tencent and alibaba? >> i'm long on those stocks. i've been long for many years. the breakout in both of them this year, tencent broke out early in the year. all-time highs, the five-year chart looks fantastic but enough about the charts you had had a dynamic withquidi driver the valuation is attractive relative to mega cap tech and where you can have market dominance on e commerce and cloud. some of the same in amazon not too late to get into both of those plays. alibaba is a better valuation. >> thanks, guys. thanks, flip, for being part of the show. >> guy, dan, tim, fast money

traders. continue to send the questions because we're back in the same slot tomorrow. yeah, another supersized show. don't go anywhere, by the way. stay tuned because "shark tank" is up next we're going through a really tough time right now, all around the world. and covid-19 is still impacting so many people.

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narrator: it's been 10 years since "shark tank" ignited america's entrepreneurial spirit, and we are still blazing a trail. for those who take their fate into their own hands by working hard... imagine i told you i had a magic trick to get your kids to enjoy eating their veggies. narrator: ...by working smart... they're made with our revolutionary technology. ooh. narrator: ...by thinking big... we put everything we had into this. ...and chasing their dreams... we had an opportunity, we took it, we're here. ...and tonight, nba legend and sports broadcaster charles barkley returns to the tank. you know how much i charge for an endorsement? you're getting this thing cheap. people are going crazy over this. do not miss the chance to get in. this thing's gonna make a lot of money. -charles, get in here! -oh, my goodness. captions by vitac --