dell originally got control of shares through its $67 billion acquisition of storage hardware maker emc. that closed back in 2016 this was rumored to be out there, but dell now confirming it in a press release. both stocks on the move higher, especially dell up 7.75% "fast money" starts right now. guy adami, dan nathan, jeff mills. tonight on "fast," the dow posting another triple-didn'trit gain it was a big day for moderna later, jeff mills has a pitch on one non-bank name in the financial sector why he thinks the stock deserves

an upgrade yes, that's a hint. we start off tonight with -- ♪ hello from the other side >> hello from the other side are the markets trading like we are on the other side of the coronavirus crisis despite the spike in cases around the country? the reopening trade, that was on fire today and so far this week, cyclicals have been the big gainers, industrials, energy, materials and small caps what has under performed, big cap technology guy, what's going on here? are we on the other side as far as the stock market is concerned? >> i tell you what's going on here i'm going to offend 90% of our audience by saying despite the fact that adele is a huge "fast money" fan, that might be the most annoying song in the history of mankind. >> that's why we used it. >> notice i was closing my eyes.

♪ hello from the other side >> that's why we keep playing it. >> trying to zen out typically on a thursday i'm in a really good mood you play that and i'm miserable now. i don't know what to tell you. what i tell you about the other side is -- >> can we go on with what the show is about? >> yes, we can go on you played the music at some point. >> at some point we're going to start the show >> we've been talking about the materials for a while now. i don't think that's surprising anybody. the mining stocks have had tremendous moves i think you stay with them the names flying under the radar is a name like caterpillar they report at the end of the month. you've got to take an upgrade at bank of america initiated with a buy at deutsche bank, i think a

$165 price target. i think this thing prints $150 by the end of the month when they report earnings >> pete that jarn, what do you say? >> i would agree with guy. the parts of the market working well, you look at the industrial space, it's been on fire all of a sudden of course we get those big hits every once in a while. we just had some huge buying yesterday in boeing. stock had a nice move this morning and recaptured that move it made early after selling off. it's impressive to me. you've got the industrials working. suddenly the financials maybe are going to work, so that's pretty nice. and energy so you're looking at different pieces of the puzzle starting to work pretty nicely guy mentioned materials. we've had an incredible amount of option activity just in the month of july when it looks like the basic materials have really

started to kick in, steel, iron ore. not the gold and silver and all the rest of it i'm talking about the types of materials that really go into that could be an economy that maybe starts to work in the future by the way, quietly in a nice big move, but look at copper very close to $3 it's had a nice recovery so far. >> if you piece these things together, the outperformance and the nice gains in these cyclical areas of the economy, the underperformance of big cap technology which had been the sort of bunker trade during the pandemic, do you think stocks are trading as if we are on the other side, if you will, of this pandemic >> i mean, in a way we've seen this before, right if you go back to may you had small caps rally, mid caps rally, value rally we've seen that before during the recovery the question is is it going to stick.

i still question how quickly economic activity is able to recover to pre-virus levels. i'm paying very close attention to the russell 2,000 as an example because it's trading right back up to that 200-day moving average where it failed a couple of months ago looking at high yield spreads as an example, nothing worrisome but they've been creeping ever so wide since the beginning of june look at rates. they're not necessarily underwriting the move in stocks, the ten years right around 60 basis points all of those things still give me a little pause. i think about employment as an example. there's this silver lining that a lot of jobs that were lost were temporary i think that's largely still intact but if you look at some of the increases in permanent job losses in june for example, that was to the tune of about 650,000. when i think about the broad market, i think the risk/reward is still asymmetric to the

downside eastern i you're ta i think that means volatility is probably still the order of the day. >> to play devil's advocate, stocks are forward-looking instruments. shouldn't we be looking forward and past all this? when the markets bottomed back in march, did we see the full impact in the economic data yet? no, we did not, so maybe that's what we're experiencing right now. >> obviously the lack of visibility back in march was a real issue and obviously investors just hit the panic sell button there without any idea of what the hit to 2020 earnings was going to be, what the structural impacts to our economy and employment were going to be. we've had this massive wall of liquidity that has been just thrown at our capital markets here and we've seen a massive benefit, at least as it relates to risk assets

i think what jeff is talking about, though, is what are the scars we're going to have from this down 50% in gdp in the q-2? what is it going to look like in the back half of the year? and we still don't know that right now. the way i see what's gone on over the last week or so, we have seen rotations out of tech in the past. what happens is that tech comes right back i think it's really interesting that we woke up on monday morning and i think some people said, okay, we are looking to the other side, what is going to get us there because the stuff that's gone para bo pa parabolic is not going to make new highs. the s&p 500 has not been able to get above 3200 3400 is the prior high to get there we're going to need rotation in these other groups you're seeing banks rally on not horrible news.

you're seeing industrial, retail, small cap. that may get the s&p to the new high. >> guy >> i'm waiting for saul berenson and carrie matheson walk in there. he looks like he's on the set of "homeland" right now. >> i'm going to give you a hint here you know where i am? i'm on the playground where i spent most of my days in college. i'm at west philadelphia at the university of pennsylvania i'm at the fabulous inn at upenn right now. >> i'm glat yd you satisfied th curiosity of an entire one person here. we are seeing the impact of the spike in coronavirus cases in the data steve, what are you seeing >> we're seeing a definite

impact of the surge of the virus on the economy when it comes to consumer spending and when it comes to employment. looking at our road back barometer, let's include the chase card tracking spender that looks at jp morgan credit card information. it's down 10.7%. i'll show you some interesting differences in that in just a second it's worst than the best levels in later june. looking at home based employment gauge of employees working, it's down 30% in the hot spot states, florida, texas and arizona that's well off the best levels it achieved in late june while if you look at other states, the best levels are down 23% compared to february let's look at the history of this when you look at just arizona, florida and texas, they were leaving the country and putting employees back to work

since mid june, it has dipped down and those three states now are lagging and the other states still down but picking up a bit of slack looking at the chase card spending data, we can separate that by card present and card not present. card present, people buying online you can see what happened there. card present people at stores coming back, it's now flat to down if you look at the red line at the end, that's bumped back up people again buying more stuff online that shows you there's been some retrenchment in the opening up in the high frequency data a very interesting correlation found here states with higher levels of spending, especially card-present restaurant spending, have seen more rapid growth of the virus in subsequent weeks a really interesting finding from jp morgan about people going to restaurants and getting the virus. >> steve, if you had to marry what we heard from the beige

book today with the road back barometer in terms of employees working, one standout line was that it was difficult to find employees to return to work. it would seem there's a little bit of friction there as well. even if companies are reopening and they want to reopen and return their workforce, it's difficult to find those workers. >> i think that's an issue i think the beige book closes a little bit before. the data i'm looking at is days old, the beige book, about a week or two old. i don't know how much the beige book would have picked up this recent round of the resurgence of the coronavirus and the impact it had on the data. it's taken a little while to show up, but it's definitely shown up that issue of bringing employees back, there were three reasons put out there. one was child care, two was health concerns on the part of workers and three was the unemployment benefits. the unemployment benefits are going to work themselves out sooner or later and people are going to lose those benefits

we'll see how much that's held back employment. guy, the rule in television and if you publicly say you don't like a song, they play it more often. ♪ hello from the other side >> the more you know once again. steve always educating us on many different levels. we appreciate it guy? >> i happen to know for a fact that steve's band covers that adele tune and they do it magnificently, number one. an hour ago, mark cuban tweeted something that's true. we're in the midst of the greatest economic experiment in the history of mankind basically. he doesn't know how it's going to end i don't think anybody does we've created $6 trillion out of nowhere and it apparently is making its way into the stock market my big fear is that inflation despite what the fed says is definitely creeping higher in a very low growth environment

napna which is an unhealthy mix. >> in terms of the data, which is exactly what you were talking about in terms of the concerns you had that have yet to play out. >> right we talk about airlines all the time we've mentioned the tsa data you see this huge recovery off the bottom but still this massive gap between today and a year ago my question is where does that plateau, whether it's travelers or anything else i go back to the june jobs report you have 40% of those 5 million jobs we gained were in leisure and hospitality. looking forward to july, what does that look like? again, looking forward to tend of the month when some of those additional unemployment benefits roll off, what does that do to the income gap that's been filled by fiscal policy? >> we have some breaking news here on american airlines. >> if you're going to have mass

layoffs, you need to notify employees of that 60 days in advance. american like other airlines expecting tor d ining to be dray smaller starting october 1st it has notified 25,000 warn notices will be sent out ceo doug parker says they anticipate having 20,000 more employees than they need with the smaller schedule starting october 1st. we're not going to run down all of the numbers but here are the big funs flight attendants, 9,950 positions eliminated, father or mother followed by fleet service, maintenance and other related jobs, 3200 passenger service, gate agents eliminating 2900 jobs. pilots eliminating 2500 jobs just like united when they sent out their notices within the last week or so, american is going to be offering early

retirement packages as well as unpaid leaves of absences. there are thousands of employees who may take those packages. all be laid off. in fact it's going to be a smaller number than that just as it is at united and other airlines clearly they're going to be eliminating at least 20,000 positions and these notices are being sent out to 25,000 workers. >> is this steeper than expected >> no. it's about what we expected. basically you're looking at about 27% of the company this is what we're seeing with all of the airlines. they're going to be anywhere between 20-25% smaller in manpower come october 1st. >> pete, are airlines a trade at all? >> i think they are a trade, but everything is a trade right now. until we get the vaccine and there are so many different drug companies out there. we hear from moderna one day,

pfizer one day, as ts astrazene. it's a lot like the bank earnings you go into the bank earnings and we were talking last week and you said i sound a little negative it's not necessarily that i'm negative it's where do we go from here? we have to wait that out look at goldman sachs today. when they delivered these un believable trading numbers, they crushed the earnings. stock was up 4%. it immediate hi pullly pulled bk the same thing happened the day before with jp morgan. i think the financials are kind of in a very difficult spot. getting back to the airlines, yeah, i think this is to be expected i think at some point in time when we get the absolute news there will be or at least they're a little bit closer to a phase three of vaccines, then

we'll start to see that flip around, i think, for the airlines but until then, it's certainly just a trade there is no way you can invest in that right now. >> we have a news alert on a hack at twitter. julia? >> that's right. we're watching this story. several high profile twitter accounts appear to have been hacked with comments posted about crypto currency. jeff bezos, bill gates, elon musk, uber and apple the uber tweet read, quote, due to covid-19 we are giving back $10 billion in bitcoin, all payments sent to our address below will be sent back doubled. they post a bitcoin address and say this is going on for 30 minutes. we reached out to twitter. they tell us they are looking into it and don't have any real answers as to what's going on here our colleagues at nbc indicate that money has already been

sent nbc news reports that over 250 transactions have already been sent to that bitcoin address pretty striking there. hopefully we'll get to the bottom of this >> dan nathan, this is targeting a few accounts this is not good news for twitter. >> the not good news for twitter. not good news for anybody in the social space when you think about what is one of the biggest existential threats facing these companies. it's really surrounding trust and safety of their platforms. this goes back to the 2016 elections. this is not the sort of news you want to see in a heated election season if they can hack elon musk and bill gates, we know that there's others who are very important whose tweets and words matter. if they are coopted and hacked,

there's much bigger implications than some bitcoin being tossed around on the internet. >> the accounts of corporations like apple as well as uber you know, as we get nearer and nearer the election, this is going to be a focus and could be a source of scrutiny by lawmakers on twitter and social media. >> 100%. so how my mind works is i go back to a conversation we had a week or so ago but a conversation we've been having for months about the imptato ned those are the companies in play right now. pnw scares me a little bit there's something going on with fire eye in my opinion i think these cyber security firms are where you want to focus your attention >> twitter shared down 3.5%. pete ne jarn, is this a significant risk in your view to

the twitter story? >> oh yeah i think this is an absolute monster risk, quite honestly we'll have to see how this plays out. but to guy's point, and you brought up fire eye, we're always talking about cyber skur security that's a name that always seems to come up one of these days i think we'll see that name somewhere else other than where it is right now but i don't know when that day is going to come there are always call buyers in there, mel there's always speck haitian in th speculation in this name security is as big a deal as it is for facebook. it absolutely is for twitter >> just checking on social media stocks in the after hours, it is a twitter problem in that facebook shares are basically flat and snap shares flat as

well >> i think twitter might end up getting punished disproportiona disproportionately there are questions fundamentally about the company. anythi you've seen other companies like zoom that have had security problems where the stock hasn't reacted. because twitter has some questions there, it could be hit harder the recovery may face challenges, but our next guest sees stocks grinding higher. chris harvey is the head of equity securities for wells fargo securities grind higher with what sort of leadership >> what we think is going to happen is you're going to continue to get this less bad news type situation or story what's going to happen is people are going to realize that we hit the worst in the economy slowly grinding back but we'll

eventually grind higher. as that occurs all your stay-at-home plays will consolidate or underperform and we think you'll have that rotation into your more economically sensitive names and that's exactly what we're beginning to see. >> so should investors if they had been hiding out in names like amazon and netflix and facebook and microsoft, should they be looking at industrials and some of the more cyclical names? >> the simple is i think so. we want clients to pepper their portfolio with some of your deeper value names, some of your con tratrarian names, some of y sick hi ccyclical names some of these tech name versus h have had a heck of a run we want you to make some profits. >> dan >> hey, chris, it's dan.

just in the last 20 minutes we see the headline for american airlines cross the wires that they melee off ay lay off 25,00. how are you thinking about some of the scars placed on our economy going forward despite the news in the next couple quarters that might be less bad to q-2 are we going to be dealing with structural unemployment in 2021 that's going to be a huge damper on consumer spending going forward? >> a couple things, dan. one, our biggest fear is not this big selloff in the short-term our biggest fear is some sort of meltdown because people are positioned for this meltdown we have 0% interest rates. that's going to cause speculation to come back in. our story about this less bad scenario continues to play out now back to your situation what we roworry about in that run-up, we're going to extend. if you extend, you make the

market less stable there are areas of the marketplace that just will not come back that are impaired. we see a fair amount of speculation starting to bubble up, so we want to stay away from it we want to make a tactical call into banking or utilities. for now we think the path of he's resistance is higher. >> chris, thank you. >> pete, do you agree, path of least resistance at least for now higher >> yeah, i do. i was talking with will frost last week. he asked me what are the options telling you, pete? i said, first of all, we've had monointrodustrous volume and th

been bullish i'll go with that path that seems to be the direction right now. >> coming up, square on a tear what one of the company's cofounders had to say today. later, new highs ahead for netflix. traders are pressing play on that name. ♪ ♪ 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. apps except work.rywhere... why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have.

or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com save without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you only have to pay for the data you need, starting at just $15 a month. there are no term contracts, no activation fees, and no credit check on the first two lines. get a $50 prepaid card when you switch.

5g is now included with all new data options. switch and save hundreds. xfinity mobile. welcome back to "fast money. check out square it's pulled back in recent days from record highs, having nearly doubled during the stay-at-home surge. we heard from the cofounder.

kate rooney joins us with the latest kate >> reporter: so this afternoon squa square's cofounder spoke with us he started square with jack dorsey in 2009 in the depths of the last recession he had some advice for those launching startups in this environment. >> if the whole world is thrown into chaos so that we're all now sort of looking like this level of discomfort, then it's not as bad relatively for you look, i'm not saying the pandemics are a great time to start a business, because it's chaos. i'm saying that starting something that is new is going to be chaos anyway it's sort of better if everybody else is in chaos as well

>> he talked about innovation at square and its popular payment offering cashup. that growth has been contributing to the stock's 90% rally this year. his advice when it comes to new products, he says don't try to be cool, let it happen organically. he says the goal of square was to be almost so boring as to be invisible. >> thank you, kate dan nathan, do you like square it's outperforming its closest competitor in the payment space by about 30% >> you could love square the business here. you could love how they're positioned for this post-pandemic economy. i think it's important to remember the stock is up 95% on the year, up 300% from march lows, up 50% since the start of june obviously a lot of people love the stock. it's important to remember while sales are expected to grow,

obviously pull forward in a lot of different ways that their cash app is obviously destroying it it's important to remember a lot of small businesses that use a lot of payment things are not going to be having the sort of transactions and they may be going out of business. you've got to understand what you're owning here obviously there's a lot of enthusiasm with it but i can't tell you that you have to buy square here even if you think it is a massive eventual winner. >> guy >> paypal. i think this is a name that both dan and pete have power pitched within the last year at levels much lower than we are i know collectively we've been bullish in this name it's actually pulled back over the last few trading days. i think paypal especially when you juxtapose it with the jp downgrade of american express today, i think paypal makes sense. actually paypal does have the earnings growth to back up the valuation.

i think you owned paypal i think on july 29th. >> i love that paypal. they've got great leadership they did the acquisition of venmo. that makes sense nothing not to like except one thing. this stock has sprinted just like square, not as much it has sprinted to these levels. guy mentioned it has pulled back a couple of days but it still trade an unbelievable pe multiple of 50 plus. i think there is a pullback coming at some point in time that would be the best time. i wouldn't want to chase it here because it seems like it's up in the stratosphere at this point in time. big tech's run seems to be slowing down

hey frank, our worker's comp insurance is expiring, should we just renew it? yeah, sure. hey there, small business owner. pie insurance here with some sweet advice to stop you from overpaying on worker's comp. try pie instead and save up to 30%. thirty percent? really? get a quote in 3 minutes at easyaspie.com. wow, that is easy. so, need another reminder? no, no no, i'm good. uh, yes please. oh. ho ho ho, yeah! need worker's comp insurance? get a quote in 3 minutes at easyaspie.com.

we're checking on shares of twitter in the after hours session. still down by about 3% now over a million shares being traded after hours, so very heavy volume this afternoon there was a hack of major accounts including uber, kanye west and mike bloomberg and joe biden. obviously this is a huge issue for twitter. it almost doesn't matter how exactly it was done, whether it was some security flaw or outside bad actors or internal bad actors the fact that this happened particularly to verified accounts in an election season

is extremely troubling. >> it's troubling because we know a lot of world leaders are now using this as a communication mechanism. there's lots of potential implications for geopolitical levels there's just much broader implications here. i suspect jack dorsey is going to be all over this stuff. he recognizes that social media companies have a massive target on their back from both parties. they're going to have to some up with some answers very quickly on this. >> one bitcoin wallet appeared to have received the equivalency of ov200,000 so far

it's a crypto currency scam apparently this could have been any message these hackers wanted to put out, whether it be politics or geo politics or something that has to do with the economy or coronavirus. the implications of this are pretty scary >> no question that's probably why it will get more attention now you take all the things you said in combination, whether it's the virus, politics, economic data people are at home and so laser focused on their news feeds whether it's twitter or television so many people are going to twitter to follow these public figures. that's where they're getting their news for that reason i think it's more troubling today than it would have been at any other time in the past that may be a reason the stock comes under some pressure again, maybe more so than it would have

otherwise. >> we have requested twitter to comment. we haven't heard back from the company. twitter shares are down 4% right now again on heavy volume in the after hours session. the s&p 500 has rallied back from march lows but not everyone has come along for the ride. >> growth stocks have been rallying if you look at these inflection points we see around the cyclical stocks, it's roughly every 2-4 weeks you get the shift back from one area to the other. we had the peak in cyclical stocks on june 8th most of those names now are starting to bottom very big day in small caps and cyclicals today. i think there's something more i think it's another 2-4 week

move if you take a look at c caterpill caterpill caterpillar, i think there's still more room to go short-term for folks that have an investment horizon over the next one to two years, i think there's a lot more to go in caterpillar. if you look at the airlines like jetblue for example, a huge correction from 16 roughly down to 10 or so. i think there's more to go on the upside still very timely to make the same case or cruise lines, casino stocks, social distancing names. the banks are still a big question mark whether they're going to work or not

jp morgan reporting holding, citi group not so much i think there's still a lot of stocks that have a lot of opportunity and most of those are cyclicals right here. >> rob, thank you for those names. guy adami, which would you choose >> caterpillar a i think there's probably 8% to the upside here. i think you see 150 by earnings. i would choose cat >> we are seeing twitter shares down 4% right now. what are the implications of this hack for twitter? >> near term it is yet another

blow to their company and just kind of really shakes at the core around the security of the platform i think that is understandable what's happening with the stock. i would generally put this type of a scenario as something that is more temporary and ultimately will be a frustration for investors to try to navigate this but i do not think you're going to see a mass exodus from people like elon musk or donald trump from twitter the reason is that both of those examples, high profile examples, have used twitter. tesla doesn't do marketing, traditional marketing. elon musk does a lot of the marketing through twitter and obviously the president has effectively used twitter i don't see this as a catalyst for them getting off of twitter. i see this as more temporary

i think the company ultimately has much bigger challenges that we talked about before just around regulation and just how they are going to navigate hate speech those, to me, are more permanent headwinds of the company. >> what's interesting about this hack is that this has been going on now for an hour or so where we've seen the accounts of president obama, former vice president joe biden, elon musk, all these people hacked. we know it's going on, yet there's no mechanism on the part of twit toter to shut it down ot do something about it akin to circuit breakers on the nyse or other measures is this going to highlight twitter's response or lack of response i don't know that we've seen a hack of this magnitude before. >> we have not seen this high profile. it is reminiscent to some things

that happened many years ago, a decade plus ago with the internet as it was starting to formulate itself we'd see hacks or outages of critical things. what that exposed was greater security, greater reliability questions. i agree with you i think this will cause greater scruti scrutiny this is a little bit akin to cambridge analytics with facebook, something that brought up a lot of questions about how they're using data different general topic, but the basic concept of something that just kind of came out of nowhere and will be a source of scrutiny around twitter and facebook for some time, for potentially months ultimately i believe it will be more temporary i keep coming back to that principle which is what are the alternatives for these people who ultimately need to be on this platform, and i don't see them jumping to other platforms

any time soon. >> we said that about facebook and it's recovering. we said there is no alternative for tids advertisers so there ae advertisers will stick with the platform but we did see the stock suffer greatly in the wake of cambridge analytica. could we see the twitter stock tumble much more than beyond this 4% in the after hours today? >> i think you could i don't see it materially going lower, but i do believe it will go lower, because i think this is going to take a little bit of time to sort itself out. this is an unprecedented type of hack so that generally is going to create anxiety for investors, which is negative for the stock. the other piece too when you think about the alternatives, advertising dollars on facebook and the boycott, all these other alternativingse

alternativin alternativings, presumably if there was an alternative, they would have a list associated with going to that platform as well those other platforms may not be as well fortified as twitter so i think there is a little bit of a danger for some of these people being hacked to try to embrace another platform because they may be dealing with the same circumstances down the road. >> gene, thanks for phoning in, giving us your analysis. gene money center. gene mentioned elon musk and using his account to tweet information. if hackers get in and tweet material information, who's on the hook for those stock moves whether it be up or down i'm thinking mostly down there's a whole other host of issues involved here. >> yeah. it's not just the founders or

executives obviously there's a lot of investor relations of lots of public companies that use this for a news wire for all intents and purposes i think it's also important to remember this may not be twitter's fault. this may be a very sophisticated phishing operation where these people were targeted and their passwords were fished from them not through twitter. this may have nothing to do with them as far as a hack is concerned. just one other point about these ad dollars, twitter is going to do maybe $3.3 million in sales most of that is advertising. it really is a rounding error when you consider what they do with facebook and what google does on the ad front and online. to me, the value of twitter is the scarcity of its platform and the importance of it if you chip away at that, you really do have a problem company there. >> do you really think it could

be a massive phishing attack that could penetrate all of these accounts at once >> sure. we haven't seen a major hack on twitter in a very long time. obviously it could have been through twitter in a whole host of different ways. these people were trying to get bitcoin to move. i think the easier thing would be to hack these individuals than to hack a company like twitter. >> twitter down 4.6% .

moderna extending its rally, up nearly 6% on positive data from phase one of its coronavirus trial phase one vaccine. it's up 20% in the past month.

sales by insiders are raising some eyebrows. meg? >> as stocks at some companies working on drugs and vaccines from covid-19 have soared, moderna executives have sold shares worth the most value, $160 million in the first half according to data. here's a look at the company's stock price and those sales in the first half these were all done under preprogrammed stock sales plans. the ceo has sold almost $25 million worth of stock, the president almost $6 million and the chief medical officer has exercised options netting about $40 million. since july 1st, moderna executives have sold almost 12 million more

even though these sales are done through these preprogrammed plans, they have raised symptom e some eyebrows. >> selling stock at a time when your company is on the cusp of achieving something very valuable looks like you're profit taking and taking advantage of the circumstances rather than selling because there was some need. >> moderna released a statement. they note the ceo's holdings have increased in 2020 he remains a holder of 6% of moderna stock and has not

exercised his options and his trading plans were established in 2018. >> guy adami, meg makes a good point. this company will point it out as well as other companies whose executives sell under these pre-planned plans. should you be concerned if this was >> no is the short answer. there's nothing nefarious going on the optics are awful because for most people they see that and say, wait a second, if they're confident, why are they selling stock. that's a natural conclusion to make there's nothing wrong with it at all, especially being the fact that it is pre-planned it just looks really bad that being said in terms of the stock, it traded 90 million shares today, four times normal

volume the last time you saw something like this was back on may 18th when the headlines were extraordinarily similar as was the price action in my opinion, my opinion only, you would take the opportunity to take profits. it worked in may and i think it's going to work again in july. we have another update on this twitter hack. julia? >> twitter responding to this hack saying on twitter we are aware of the security incident impacting accounts on twitter. we are investigating and taking steps to fix it. we will update everyone shortly. nothing conclusive the stock is down about 3.5%. >> so they don't know what's behind this? >> it appears not. i mean, there are some theories circulating, but i think some of those accounts hacked said they did have two-factor authentication that is something that has been

attributed to why individual accounts have been hacked in the past this does seem different trying to get to the bottom of it wendy's, another company's account has also been hit by this hack. >> the list grows and grows or at least the accounts we are aware of have been hacked grows and grows. so you have the likes of mike bloomberg, elon musk, uber, apple, president obama, vice president biden. jeff mills, i don't know what's going on over at twitter, but the stock is down by 3.7%. >> yeah. i don't know what's going on right now either it's pretty interesting. i'll go back to gene's point for a second talking about the temporary nature of this social media is all about eyeballs look between 25-30 that's where it's held support over the past couple of years. coming up, counting down to

the netflix earnings what the options are expecting from the seangia trmi gnt some companies still have hr stuck between employees and their data. entering data. changing data. more and more sensitive, personal data. and it doesn't just drag hr down. it drags the entire business down -- with inefficiency, errors and waste. it's ridiculous. so ridiculous. with paycom, employees enter and manage their own data in a single, easy to use software. visit paycom.com, and schedule your demo today.

save without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you only have to pay for the

data you need, starting at just $15 a month. there are no term contracts, no activation fees, and no credit check on the first two lines. get a $50 prepaid card when you switch. 5g is now included with all new data options. switch and save hundreds. xfinity mobile. hi, melissa. we are taking a look at netflix,

which is going to be reporting earnings tomorrow. it's averaged about 4.4% over the last eight quarters. now it es impli's immaplying a f about $50. it looks like options traders may be targeting that 550-ish or so high we saw last week out of earnings. full show idfray 5:00 p.m. eastern time "final trade" is up next i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn

♪

final trade time pete >> mnse, monster beverage.

>> dan >> cisco systems. >> general mills. >> snc global. i think it goes higher >> guy >> fire eye. >> thanks for watching "fast." be back here tomorrow at 5:00. 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 trying to make you money. my job is to enterta 1800-743-c tweet me @mc