as a broader demand issue for the whole group. that might be a little bit of a silver lining. >> of course, today we did see broader tech selloff quite significantly. the nasdaq comp down 2.3%, apple and microsoft both down more than 4%. "fast money" starts now. "fast money" starts right now. i'm melissa lee. tim seymour, karen finerman, tim kelly and bonawyn eisen. plus, if you're looking for safety is gold still your best option and there were a couple bright spots in this thursday selloff we start off with a major reversal in the market the dow dropping more than a percent with apple contributing more than 100 points to this loss

there was tesla. after its broad earnings report, shares were up as much as 6% but end of the day down by 5 it seems like the momentum trade, the big cap tech trade got unwound a little bit today. >> yeah. is this another one of those rotation moments we had one in mid may and one in mid june maybe we have one here in late july if you think about the move in big cap tech, apple is down about 5.5% against the s&p in the last ten days. across the board you've seen this essentially across the tech space. if you look at small cap stocks, the iwm, the etf that tracks the russell 2000 it actually eked out a small gain today

banks are up 4.5% in the last ten days this isn't just a one-day move sometimes these days seem like, boy, this just all started today. this is a move that's been building for the last at least two weeks of sessions. i think it's something that could continue we've just gotten through earnings from a lot of these folks and we started to see what it looks like when you start to sell the news. very, very undersold in terms of value versus growth. we've talked about it ad nauseam and it does matter. >> the earnings are giving investors a reason to take a look at these stocks in the context of their valuation microsoft for instance, there are a couple of things that normally investors might overlook in terms of operating margins coming in a little bit light, in the context of its valuation, was that an excuse to lighten up on a name that on a price to sales basis is close to five-year highs? >> yeah.

i think that's right i mean, the action today, particularly some strength in other sectors, augers for this kind of, okay, let's take a pause here that being said, i'm a bit cautious and a little concerned for two reasons. number one is you mentioned microsoft, but tesla they had some great earnings and it reversed and went lower apple not looking that great these are kind of the names that everybody's been involved in, the robinhood traders, whatever you want to say. the momentum really reversed today. that concerns me, number one number two, as tim mentioned, the yield curve continues to get flat and that eventually is going to start, i think, to hurt stocks you have to think, okay, what does the economy look like going back to your microsoft question, is this as good as it gets for microsoft will the economy pick up and will they be able to grow their way out of these little hiccups

they've had? i think the answer today that the market gave you was no. >> tlt was up by more than a percent, karen >> i mean, there's a lot of conflicting things out there to the extent if things are getting better in terms of can the country reopen, then you saw some of those trades today, right? you saw banks and airlines and that rotation toward value, towards industrials, it's been really, really beaten down a lot. maybe it's just the end of momentum and i think we give too much credit when we think about, oh, should microsoft be down a little more than this, a little less it's really just the momentum going in and people deciding, all right, you know what, so do they ring the bell last night at

tesla at 4:30 in the afternoon when it traded close to 1700 and h then you hear everybody trample toward the door. i think that is probably more than a one-day phenomenon. i'm long google, facebook, apple, microsoft i'm not inclined to get out and hope i can figure out when to get back in. i think they're still in favor, but this one or two-week reversal should be expected when you have valuations as quickly and as far as these have. >> yeah. andyou're starting to get street analysts question the valuation. bonawyn, i know you saw this call out on apple from goldman sachs basically saying the stock price is unsustainable they're questioning the launch of the 5g phone, saying it could be delayed by a month or so. they're starting to question this run that we've seen straight off of the march bottom to where we are right now. the stock finished down by more

than 4% in today's session what do you think happened in today's trade and do you think it lasts for more than today >> that's a great question i tend to agree in large part with what karen said this is a momentum play. if we look back to a lot of the comments made think about move higher in large cap tech, this was never really a valuation play at least that wasn't the argument for these things going forward. really what it was was a flight to what is perceived value we are seeing rotations into energy, industrials, rails and some of the other names. what gives me pause is when i start to see rotation into names like some of the airlines, which the credit market is clearly telling you there's still some hiccups down the road. i think you're still paying points up front on a couple of those names. that doesn't bode well for the stocks going forward you've seen quite a bit of increased volatility around all

of these names amazon was up 7%, down 7% in the last three days. if you look over a longer period of time, a lot of these names are down 2-3%. in large part tech earnings were relatively strong. i think it's about momentum and expectations i think expectations got a little bit high and people are taking this opportunity to rotate into other sectors. >> we're watching disney shares move lower in the after hours. julia? >> disney just now announcing delays to its film schedule in light of ongoing theater closures as well as production shutdowns. announcing that mulan is now pausing their relief plans while they assess how they can most effectively bring this film to audiences around the world the company announcing that all

currently scheduled avatar and "star wars" films have been moved out by one year and other films set for release later this year have been pushed back as well including a searchlight film, the personal history of david copperfield. then the ridley scott drama "the last duel" is being delayed until october of 2021. disney shares are trading down about 1% in after hours trading. this year looks like it could be a wash for movie theaters. we still don't know when theaters will be fully open in the u.s. >> for them to simply move out a full slate of movies including "star wars" which also has ramifications for all the products tied to "star wars," like all the toys and things sold by other companies. we're really seeing the stock take a bit of a hit in the after

hours session. >> yeah. not a dry eye in the house over the delay of david copperfield. >> i know you're looking forward to that greatly. >> personally crushed. disney, we continue to talk about theme parks but the studios have been the gift that keep on giving the delay in the release is logistics and some of it is trying to target the best audience it would be very interesting to see how they want to use disney plus and their north of 50 million disney plus subscribers now to be releasing some of these. will this change a release approach that maybe ultimately is how they totally control their distribution, which they largely do right now none of this is is a major surprise this isn't a major move. i think disney's issues are reallytied to the reopening of the economy and there is some level of reliance upon the

infrastructure in movie theaters and theme parks. i don't think this changes your approach on disney as all. this underscores just how powerful, though, the studios are and that's something i think that ultimately will come right back for them and there will be pent-up demand. >> i guess we knew it was taking a hit from all sides going into today. we knew sports wouldn't be back for a very long time we knew that studios were going to be challenged we knew that the theme parks were going to have hiccups in the reopenings still, how does this make you feel about the stock at this point? >> i'm wondering also does this delay in production not just from the movie theater revenue but also from wasn't this going to then be new supply for disney plus that gets pushed back however long i don't know if that was sort of the bright spot even though it wasn't in terms of money making the bright spot because they're

still spending so much to build it they're sort of in the center of the worst of it all. that's almost so appealing to me that everything is terrible that i've got to look at it again, except for they do have a lot of debt from that fox acquisition i think you can wait a while. >> the stock is down 1.5% right now. intel shares are tanking down about 9% right now off of the after hours session lows deirdre has the details. >> there's a few reasons for the drops that we are seeing one is a more near term concern. growth margins fell to 55% versus 62% in the year ago quarter. the bigger reason that could affect intels longer term position, the company saying its new seven nanometer chip technology is six months behind

schedule and moving higher on this news, the rival chip maker launched its own serve nanometer chips in 2017 now intel's delay could allow amd to take even more market share. one of the key questions for investors going into this report was can intel hold off rivals and upgrade its manufacturing processes. certainly going to be a question on the analyst call that's just getting underway the ceo is speaking. intel has seen other setbacks that have allowed competitors like amd to take market share. guidance implied a disappointing second half of the year, appearing to be below estimates. shares are down some 9% in the after hours. remember too that intel has been

battli battling nvidia. >> bonawyn, this is an intel specific problem, it seems we knew that there were some questions about intel's competitiveness. apple moving to its own chip sort of underscored that notion going into this already. with the delay of the seven n o nanometer there are some real questions about the future. >> absolutely. when you think about technology stocks, you're going to point to the gross margins. a lot of these businesses are relatively capital light intel has had several challenges i know that amd was also up. the short story of it is that i'm hesitant to put too much krcredence into what's going onn

the short-term the apple news is not positive but that might expand their pricing power and revert some of the margin impression that we've seen theearnings just came out. i'd really like to dive in a bit more before i can give you an answer there upon first glance, i tend to think this might be more of a short-term shock than a long-term trend. >> here's what i say it's clearly, i don't think you can extrapolate what's going on with intel for the rest of the market that's number one. number two in this environment, having margin compression is not going to be good for your stock price. that's what everybody is looking for is these high margin, high growth stocks. if that's coming down and that's going to take a couple quarters as their guidance appears to be

indicating, that again is not going to be good for your stock price. if i'm in intel, i'm probably starting to get out of it, take some profits you might want to look at amd but i think with intel for now the trade is done. let's get to the next virus relief package elon >> early next week that has been expected that senate republicans introduce their next coronavirus relief package we thought that was going to happen today, but mitch mcconnell said that the white house wanted more time to look over the details of the aid. still, he said the administration and republicans have reached an agreement in principle. >> although the early days of our economic recovery have beaten expectations and surprised the experts, we have really only begun to repair the damage

more than 17 million americans are still jobless. far too many families are still hurting. this is not over >> here's what we know is in the package so far there's another round of ppp for businesses that have suffered a revenue loss of at least 50% there's 105 billion dollars in aid for education plus the ability for states to use federal aid to offset revenue losses $16 billion in new funding for testing and some version of those enhanced unemployment benefits treasury secretary steven mnuchin talking about a 70% wage replacement there. that $600 boost to unemployment expires at the end of next week. right now the timeline for congress to get something done before then is looking really tight. >> of course we're just simply talking about the package that the gop is going to put forth. they finally agreed on that. there is still the whole other process of negotiating with the

democrats. the chasm between what the democrats want and even this proposed package is vast. >> that's right. democrats have said they would not start negotiations until republicans had put forth their own proposal i think it's quite telling that literally within just a few minutes of mcconnell saying they're going to unveil this next week, pelosi announced she's going to be having a press conference tomorrow to push to preserve that $600 in unemployment benefits. you can already see the battle lines being drawn. >> we spoke to treasury secretary steven mnuchin he said explicitly that the enhanced unemployment benefit as it stabnds now will not exist that implies some head-butting when it comes to that specific point. it had been long assumed in the market that there would be a bill passed and there would be

no gap what do you think now? >> i think the markets have priced in an expectation there has to be an extension of unemployment or delivery of some type of new stimulus checks. yes, delays will hurt, but i still think that the biggest issue for the market is not around stimulus. i think it's around the federal reserve. as much as stimulus checks have been very good and we've actually seen the straight line through to some big box retailers like best buy, i'm not sure that the market is as off sides on this as this presumption might be i think ultimately there is going to be a very bipartisan follow-through i think it's all about the federal reserve right now. >> brian kelly >> beaker, that's me so i actually think there's a

non-trivial chance here and let's call it a 40% chance that this does not get done in time if you think about it, there's not a lot of incentive for the democrats to negotiate, right? the republicans and the president, their biggest metric is the stock market. if you're a democrat and you want to kind of hurt the reelection chances, you want the stock market to go lower there's no incentive for you to negotiate. as well, congress has always shown us that deadlines don't necessarily mean anything to them multiple times they missed that and the market misprices that. i actually think we're pretty vulnerable based on this news that we're just at the gop level. i think the market is more vulnerable than people are giving it credit for. >> let's bring in tom lee. great to have you with us. >> thanks for having me. >> in terms of the selloff today, you think this is a reversal of the momentum trade

>> yeah. i mean, i think it's pretty healthy profit taking. stocks can't go up forever we've had already a great july i think it's nice to see stocks go back and i think it's good to see rotation in leadership to me, it's painful but i think it's really healthy. >> i was sort of taking a peek at the conversation you and your technical analyst were having on twitter. one thing that i thought was interesting that rob pointed out was that gold was higher today, but we did see miners reversed really indicating this is an unwind of some of that momentum. how long do you think a move like this lasts? >> you know, in 2020 growth has led and there have only been short periods of value leadership i don't think that value sort of sustainable leadership takes place until we break the path of

the virus. right now unfortunately the virus is spreading at an uncontained rate i think growth is fine i think people are making too much of this sort of top five stocks are too much of the s&p market cap they're 2 2b2% of the market cap but they're not disproportionately representing earnings share. >> brian, you got a question >> i do. hey tom, it's bk you made a tremendous call when the market was down and you tend to be a bit of a contrariacontrn i'm surprised you aren't a little more cautious coming into the election with potential for the tsunami wave coming into the fall, what gets you concerned? none of that concerns you at all? >> i mean, there's a lot to be worried about. the economy is still stuck in neutral. the virus is still growing at an

uncontained rate on the other hand, when i look at positioning, the majority of our clients that i have a conversation with are really cautious for the reasons you mentioned and for obvious reasons like earnings are terrible there's so much cash on the sidelines that when you've got negative sentiment, retail sentiment negative and then a vix that's about to break down, i think this next 7% is higher not lower. i think people think we're topping right now. >> tom, we're going to leave it there. great to speak with you. thank you. karen, tom just hit on a bunch of points that you make when you explain why you stay in some of these big cap tech stocks. >> right i stay with them because i still like them even though their

valuation is a little stretched. but then i also have named that are more, the banks for example. if things get better in the country in terms of reopening, then i think those will do better i am always nervous. whatever tom says, he makes these bold predictions and i always think, wow, that's crazy. he's been right so many times. it doesn't feel to me like the market is about poised for another big breakout, but he's been right so many times i've got to think, maybe there is so much money on the sidelines. >> he makes these bold predictions in monotone. you don't even realize they're bold until after you sit there and think about it basically he's saying the pain trade is going to be higher at this point

>> buehler buehler? f he makes some great points there is 5 trillion on the sidelines. on top of that we have fed stimulus that's continuing to be more speculative in nature it's a logical argument. if i go to pick it apart from a technical and hodge cal standpoi logical standpoint, it makes a lot of sense. i really don't think this rally, i mean the last leg of this rally has really been leaning on valuation. it's growth, it's forward earnings out to 21-22. as we said it's really a fed put. there's a fed put in the market and there's no denying that. trying to overthink that point hurts my head and i think we overcomplicate the situation here is amex about to pay a big

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welcome back to "fast money. there were a few bright spots in today's big selloff. shares of texas capital bank surging more than 9% the move also giving a boost to the kre regional banks, etf closing up more than 2.5% today. shares of american and united airlines leading the sector higher by around 4%. american airlines posted a $4 billion loss in the first quarter but slows its cash burn

rate they need to have liquidity. for american, it's $15.5 billion in liquidity on the balance sheet at the end of the quarter. >> i think for airlines as much as it's a painful story and it's about less cash burn on a daily basis and that's the good news you know, someone like unite who had just gave us numbers, the story really is trying to match up demand to capacity. i actually applaud the airlines for not trying to chase either some additional demand by massively lowering prices. i think this is a process. i think the reality is that airlines are not going to be normalized for at least the next year, year and a half. but the liquidity dynamics, somewhere by the end of q-1 2021

if they get to less than 50% of capacity they're more or less at break even the fact they bounced a bit today not a big surprise i don't think there's any question they're solvent it's a question of when and what you want to want to pay for an airline. >> they got the cash burn down to 18 million dollar a day they have a lot of debt. >> american airlines specifically has much more debt than a lot of its competitors. it started the year more than $33 billion in debt. how do they start paying down that massive pile of debt once the business returns >> they do get some cash from all of these refinancings and

new borrowings they've been doing, so that's going to help for a while. but that is really the story these balance sheets which were in really good shape coming in have just exploded i think we're going to be digging out of these new capital structures for years i always look to the debt. it's trading better than it was for sure but it's not consistent with where some of these equity valuations are for the stock i get the idea of being able to get to 50% and then if they were to break even business, i don't know what's that worth for the equity to me, because the balance sheet versshee sheets have gotten so underwater, i think they're a no touch. >> bk dor, do you agree >> i've got no touch in these

things whatsoever. i have thought that their balance sheets are going to be challenged for a long time i didn't think people would be willing to fly as much as they are, so i've been wrong on that. but i don't like buying company that is the best thing they can do is break even and at the same time they're collateralizing the curtains and the intellectual property it's just not a trade for me >> bonawyn, what do you think of the airlines here? >> it's no secret my opinion on the airlines i don't think no touch even begins to describe my sentiments it's about the airlines themselves and about the opportunity cost of not investing in something else but has a much more robust upside profile. speaking about the debt, i will point out and give an ap maplaue to the structuring team there. half of that debt they can convert to payment in kind if they can exchange debt for

debt, tack that onto the end of the life cycle of the maturity and actually give themselves a little bit more cash runway. i did want to point that out pretty creative in terms of the name of the game here is cash burn maintenance that gives them another lever to pull to that end. >> this is the ultimate sort of vaccine play, tim. i'm going to give you a brutal would you rather, though airlines and cruise lines are among retail investors favorites. would you rather, airlines or cruise lines >> whatly n li will not is woul rather rather and throw in -- >> anything else. >> airlines. airlines for sure. i think you have a case here where we at least have a little bit more insight people zroedon't have to get bao cruise lines

they have to get back on airlines. >> president trump announcing he is cancelling the republican convention in jacksonville, florida, saying the timing of this event is just not right they had already decided to hold much of the event if not all of it outdoors in order to address the surging cases of coronavirus that the state is seeing president trump said that it will continue in some other form, but for now the republican convention in jacksonville is off. coming up, we are celebrating christmas in july here on "fast money. we break down the recent moves in silver and gold those trades next.

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welcome back to fa"fast mo " money. there has been some magic in the metals lately, gold climbing over 23% while silver has exploded a whopping 82%. the metals keep grinding higher here tim, you've been a fan. >> yeah. i think they do. i think you have a case here where silver is in the last 91 days has outperformed gold by about 48%. i think there's more of that to go i think inflation adjusted if you take gold back to where it peaked in the early '80s, 2600 is the level on gold i think you can go there

it has every reason to break through september 2011 levels which would be all-time highs around 1926, something like that. >> bonawyn, how do you feel about gold we did see the breakdown in the correlation, at least today. >> i'm still pretty bullish. if you look at the fiscal stimulation, it's really a question of how the fed is going to manage the balance sheet going forward. i think we've all said it, but when you have that uncertainty, rates where they are and the uncertainty of the economy and what fruit this fiscal stimulus is going to bear on the back end, yes, it seems like a very logical place to put the money >> perfect segue for our chart of the day bk has brought this chart of the day to our attention why did you point this out >> i pointed this out because there's some just basic fundamentals this is the drum beat why you

want to be in something like fwoe gold and silver. the interest rate on the five-year bond minus inflation so in this case right now if you're to buy a five-year bond n five years you'd be guaranteed to lose 1.13% when you adjust for inflation. in that environment, you don't want to be in bonds. all that bond money is coming in to gold and silver if you look at it, as soon as the real rate dropped below zero, gold started to take off i think that continues the one caveat i would say and this just happened as we were on air here, is that cma has raised the margin on silver people have to readjust some things, maybe cut some positions. in the short-term, i'm talking next week, you might see some weakness in this but there's a huge tail wind with these negative real rates for both gold and silver. >> the two-day move in sill ver

that we saw was the biggest two-day gain in the history of the data according to carter worth. karen, we are actually discussing real rates just today over the phone, just us girls chatting real rates. >> as you do >> truly we were that's embarrassing, yes it is true >> that's hot. >> i find that sort of fascinating. i come back to the question again. so gold in a negative rate environment and an inflationary rate environment which we could maybe be at simultaneously or low rates and inflation. but i'm surprised, bk, you didn't say bitcoin >> come on i mentioned bitcoin the other night. there's only so much the american public can take bitcoin has underperformed and at this point in time it's

mispriced. i think there's more upside in that than i do in gold and silver. coming up, we'll bring you the latest on these names and how to trade them. and later options traders say this financial is ready to flat line - [announcer] if you've tried college but never finished, snhu let's you transfer up to 90 credits toward your bachelor's degree. - [woman] it doesn't matter how old you are, you can do it. you can finish. - [announcer] finish your degree at snhu.edu. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated.

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welcome back to "fast money. it is the heat of earnings season and twitter is one of the few stocks soaring higher today. julia? >> twitter shares adding 4% today on the company's fastest growth in daily monetizable users since it started reporting that metric.

the key number rising by 20 million between the first quarter and the second quarter going way past expectations with the addition of 7 million users. despite that, revenue fell faster than expected suffering from a broad pullback in advertising and the fact that twitter is very much reliant on brand advertising, which has declined more than direct response ads so the company says it's building out its ad tools so it can better monetize those new users when the ad market eventually returns twitter ceo jack dorsey saying the company is working to build other new revenue streams, including potentially a subscription service, saying they've hired people to start working on this option >> we have a really high bar for when we would ask consumers to pay for aspects of twitter you know, this is a start and we're in the very, very early

stages of exploring. >> as for last week's hack into high profile twitter users' accounts, dorsey apologized saying they fell behind on internal tools related to that hack and they are continuing to invest in security >> bonawyn, do you like twitter? >> i like the monetizable subscriber growth. the short answer is yes. but as i kind of comb through the earnings release, it's really not about profitability it's about their ability to engage and grow revenue from users over the long-term i feel like it's a little bit towards the continued work from home, being that people have more time to be engaged at a much higher level. over the long run i do see a shift there. i think overall it was positive and constructive, absolutely. >> i think for a lot of social media companies there is this

real underlying question of how much is pull forward and how many of those new users stick around once work from home is diminished to some degree. brian, how do you feel about twitter? >> i actually like twitter i think this quarter was good. the monetizable users issue has always been the knock here, that it's a great platform. it's probably the biggest newsroom in the world. it's where i get most of my news first, not journalististicly vetted but it's where i go first. coming up, twitter is not the only stock rallying on earnings options traders say that its run

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welcome back to "fast money. poltegroup higher after reporting earnings this morning. >> pulte beat expectations after plummeting 53% in april, new ordered jumped 50% in june showing that incredible v-shaped recovery builders have been seeing buyers are looking for larger floor plans with multiple rooms for working and schooling from home pulte reported strong demand

across all geographies and a 77% jump in june orders from first-time home buyers pulte's ceo ryan marshall said on the earnings call, we are very encouraged by the fact that the momentum of this dramatic recovery continues as demand has remained strong through the first few weeks of july. ryan added that pulte is up and operational again with showrooms open they are also buying land again which most builders stopped doing in march also he mentioned a zip code analysis they did on buying patterns that shows a movement of renters and homeowners from you are beurban centers to surrg suburbs.

>> itb closed in the red after spending the day mostly higher karen, it looks like we have the data now to show an urban flight out of the cities. does that make the home builder story even stronger? >> it does i mean, i think we're in the early-ish stages of that flight. going into this downturn they were in a pretty good position in that there wasn't a flood of inventory at all there's still not. obviously when you get more demand and you don't have a greater increase in supply, you have a pretty good market. we're seeing it over and over, the same trade if we look at a whirlpool and how strong their earnings were, even best buy. there are people who are still employed, not as many of course. then you have interest rates at this level that we haven't seen maybe forever for some mortgages. that's a pretty good mix and we don't have oversupply

i like the home builder space and i think we're going to continue to see strength >> tim, do you like home builders or would you go down the food chain and go to the whirlpools of the world or the flooring people, you know, sherwin williams >> i like whirlpool. i final there's a lot of pent-up demand and supply chain issues. what is the active adult segment of pulte am i an active adult >> i think you're active active in what way is the question. >> i don't know. but lgoing into covid-19, the stock was on a tear. so when you consider that second quarter growth and you look at the gross margin, i think this is a stock you stay with

i actually think pulte is one that continues to run. coming up we break down why options traders are saying it's time to cash inon one payment name save hundreds on your wireless bill

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check out american express lagging the rest of the payment stocks the name reports earnings tomorrow and options traders are betting it could be about to pay the price when those results cross the wire what are you watching, bonawyn >> taking a look at axp going into earnings, that's implying about a 3.5% move in either direction between now and friday compare that to an average of about 2% over the last four quarters the trade that really stuck out to me was the friday release of july 24th, 90 strike puts. the buyer of this structure is betting the stock is going to roll over about 7% the seller of this put is essentially betting that the stock is going to stay range

bound to the downside. i add that the 91 and 92 puts also seem bought it makes for a pretty good trading position as opposed to investor position. if you get a lot of volatility to the downside it's an opportunity to hold these and close them out for a profit. >> "options action" tomorrow 5:30 p.m. eastern time dolph lundgren, you've got a one-sixty i.q., a master's in chemical engineering and you're technically a genius... and it appears you're quite the investor. i like to trade. well, td ameritrade has pros ready if you need help, say talking through a new strategy... ... just in case things, you know, get a little rocky? i'm sorry on the upside i think that's waterproof. maybe not... ♪

take a check on shares of intel in the after hours trade still down to the tune of 10%. a better than expected quarter but growth margins have come in

a little bit late. the company indicating that it is delaying its seven nanometer chip production line we're watching shares of amd move higher on the back of that news time for final trade karen? >> well, we were just talking about it, pulte homes. they were very optimistic on the conference call. it did open in trade much higher and ended the day near its lows. i really like it here. >> bonawyn >> i am holding onto my golden ticket with gld. >> brian kelly >> that's me one of my favorite signals to take profits is good news/bad price action tesla had that today you sell tesla. >> interesting tim seymour? >> you have twitter, right >> am i on twitter at this moment, you mean

yeah. >> no. not during the show. the bottom line is the engagement on twitter right now, i don't know why people awouldnt stay there, buy it >> "mad money" with jim cramer starts right now my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach, put it in context call me 1-800-743-cnbc or tweet me @jimcramer a vaccine, my kingdom fo