long. >> smpm 7% -- once again whether year-to-date this more or quarter the u.s. smashing the rest of the world. >> it's because we have massive trillion dollar tech stocks, piling up market stock. >> we're out of time "fast money starts now". >> i'm dominick chu in for melissa lee. this is "fast money. tonight's trader lineup -- tonight on "fast money." not every single stock is reaching all-time highs these days but the chart master is looking at a few names that are about to come to life. later on, work-from-home darlington, zoom video, blasting off again after its earnings report. we'll find out if the momentum keeps going. plus we have a super sized edition of "fast money" tonight.

we're taking your questions all through the 6:00 p.m. eastern time hour. tweet us those burning trading questions and you might get an answer live on the next hour we start with awesome august for stocks, s&p 500 ended down but put together 7% gain for the month, the best august since 1986 but is it a september swoon ahead. coming up, it is historically the worst month of the year for stocks so guy, should we wake you up when september ends. trying to channel my inner "green day" for you. >> look at you first of all welcome dom chu great to have you. you're doing gentleman's work. ♪ wake me up when september ends ♪ ♪ >> that's a big dan nathan group by the way it's fitting you pick green day

because every single day the market is green and it's pretty remarkable if you watch the show you know i've been more of a skeptic for a while and i continue to be a skeptic. september is historically a whacky month but i think if you throw out the historical norms based on what's going on, what i will mention is this, you have a pretty significant move in the bigs over the past few days, despite the fact the market wants to do that grind higher i think the vix has been trying to tell you something. bond volatility is back for the first time since march last time that happened led to equity volatility and i think we're on the precipe of that happening. fantastic august fantastic five and half, six months but if you look under the surface i think the market is trying to tell you something. >> so what is the market trying to tell us, carter braxton cbw, only because guy just brought it

up what's it look like from your standpoint are we due for that september swoon? >> sure. in many ways, there is no market s&p long ago became a handful of stocks so there's a lot of attention rightly so in the top five being 25% but for the first time in the last eight to ten sessions the top 15 stocks as a weight now exceed their weighting in the dot com peek. exceeding the concentration of 1999 now the top 15 are higher as percentage s&p than in 1999. just crossed that threshold. every day a new record is broken let's consider the following i have a table might be worth looking at just looking at the circumstance you have a big month, august up more than 5% and the s&p is up year-to-date more than 5%

in 93 year history of s&p that's only happened seven times. if you look at the median or mean performance of those seven times, the rest of your performance is negative, down typically two to three percent while that's not a lot, that's the totally of the performance there's draw downs along the way. so one plays at ones risk. >> so here's a question i have, karen, i will go to you with this one we know sms is up decent s&p 500 is up decently high. we look at one of the equal weight etf's that tracks a more equally weighted s&p 500 and it's down four percent this year speaking to the point about what is leading the markets here. is it worrisome to see such narrow leadership going right now? >> it is somewhat worrisome but i think the ones that have led us it is understandable why in this extraordinary time that we find

ourselves that that's where the money goes because of the size, because of the balance sheets, because of the businesses that are actually in some ways benefited by the pandemic. so it's really unusual i think guy is on to something here with the vix edging out every last couple days so what i think about managing money i think what do i do with this leave stating market, i have to be invested, and i don't see another alternative. so in the stocks that i have, some of the big ones, the apples and microsoft and facebook and googles of the world, but i also have a few for, you know, reopen trade. but the vix is somewhat worrisome. while i don't want to sell my winners, i do want to protect them protection is actually getting a little bit more expensive now with the vix trading up. as to, i can't just sell things because september is historically bad i will be curious how septembers

have gone when the fed is just flooding money and stimuluses around the corner. probably don't have any comparisons for that dynamic which we find ourselves in i'm nervous about every month but not this one so much more than any other. >> you could argue that the last ten years have been filled with central banks flooding markets whether in september or any kind of month out there perhaps bono i will turn to you on this here, because karen and guy and carter bring up these independent point -- points and i want to turn to you because we've talked about the cost of ensuring things. karen brought it up. it's ticking higher but still relatively cheap over the past four to five months, is now the time you don't sell the winners but insure them and protect the down side. is it cheap? >> i think it's cheap versus the time period that you mentioned but in the grand scheme of things when you look back

historically we've had regimes where volatility the vix is at 10, 12, 13 level, so 26, still seems expense everyone i would be put s. -- seems expensive. i would put in place stock losses and buying protects against my holdings. >> guy are there parts of the market you think are especially vulnerable >> i think big cap tech we're going to stalk abo-- talk about zoom it's fascinating i will leave that to when that conversation starts. i think some of the high-flying names absolutely are vulnerable. last time s&p 500 made an all-time high was at 33 90 level in january. vix had 13 handle. now we're making all-time highs with the federal reserve in ways they've never imagined and the vix is twice that. so you have to ask yourself, if you said to the fed officials you're going to pour all this money into the economy, where's the vix going to be, i think

their hopes would be to match the january, december levels and here we are twice that so they can throw all the money they want at things but i do think under the surface srn certain things are telling and vix stands out to me we'll talk about russell as well which obviously has been under performing the broader market too. >> we know the cost of in suring against losses against s&p has been ticking higher and has been for a while now. it doesn't seem to be flying in the face of what's happening with big cap tech stocks i want to turn to what's happening with apple one of august's big winner, shares of the tech giant surging 21% and today 4 to 1 stock taking effect stock closing up more than 3% on the day. closed at an all-time high adjusting for that split let's bring in lauren martin the senior internet and media analyst she's bullish on apple

what do you make of a stock split, it's been telegraphed for a while. it just happened today is it just the notion people want to buy ample -- apple no matter what the price? >> i think yes and no. i think what's happening is eco system are being revalued upward because they have an anchor tenant service and can attach other services and drive 60% margins on those businesses for services from apple. and i any the government regulation and crack down is positive because they have their resources to meet these extra regulatories that start ups do not have i think it's raising barrier entries to would-be displacers. >> speaking of those barriers to entry. how important is it that maybe some companies are pushing back against apple and it's peers out there, of which it will are maybe just one or two, this -- i'm looking at this kind of

ongoing dispute with ethic games, the creators of fortnite and the app star for apple is there going to be push back. >> i would argue no net fix was first netflix and then spotify and fortnite five years ago it didn't exist reason a billion people play epic because virtually overnight ios put that game into the hands of 1 billion people overnight and now they want a volume discount, they want to pay less because they're so big i would from from a public policy point of view would be a horrible decision for apple. if anything your bigger companies should pay the most. everybody's paying 30% to the apple platform right now it would be horrible to cut the price for the big guys, that

means you're charging more for start up which is what epic was four years ago so no i think apple will win this trial and i think it will be found these are commercial terms and if fortnite or other games want to leave they can walk away from all ios players. >> how effectively has apple changed its narrative. wasn't long ago we bemoaned their leverage to the iphone, smart phone markets, declining margins there, now it's all about fast-growing services side of things have they sold investors on the story they're a services company and will be more so in the future. >> i think yes and more complicatedingly meaning bigger barriers to entry they've sold investors on the idea watches and tablets add value, the mac, these ancillary hardware on ram. s create lower turn out of the app iphone which then drives up

lifetime value per customer because you're selling them more hardware in addition to the services story you just mentioned which has twice the profit margins so the longer you keep people in hardware eco system more money they're paying apple 60% margins on the services side >> i want to continue this conversation with bonwyn >> thank you for your insights would you mind sharing what are on the forefront that might raise concern. what possible head winds outside of what they have going on in washington and anti trust. what would concern you and cause you to perhaps change your view on the stock price in the short-te short-term. >> china china. that apple becomes a football in this political battle. that trump gets reelected and continues to hammer away at the

what he perceives as the unfairness that the fact chinese markets are closes, and therefore tik tok and reach out america, if apple becomes it's the the political quid pro quo it's about 15% of china's annual hardware sales and has a huge install base, if they can't buy services from apple that will be a 12-positive down draft as we reset apple's 10 year eps estimates. >> laura, before we let you go, i just want to bring into the discussion what's happening with tik tok. we know that another mega cap tech name in microsoft is very much in the discussion there, maybe even walmart what do you think the future is for tik tok and what do you think it means for tech as an industry going forward >> well, i think it means nothing for tech going forward so forget that one for tik tok specifically by think we have a track record what's going to happen

next-generation. i -- next i think facebook had a great idea it's replicated called instagram and is five times bigger than snap from a user point of view. i think that's what facebook will do, they will replicate tik tok in something called reels. so far they're not doing a good job but i expect the engine engineers to get it right in the next six months, meanwhile tik tok will be sold to a large company, meaning it will be hard to keep their engineers and my guess is the systems and iteration speed will dramatically decline when it gets to a bigger company i expect it to be less than effective in a year than when it was a stand alone company. >> laura martin thank you for all your thoughts we always appreciate your insights there, thank you. >> thank you >> all right, karen finerman, apple is up again, seems like

i'm a broken record but i'm not. it really is up again today. what do you make of the stock move >> i mean, i think it's kind of ridiculous i'm long i haven't sold it. so i guess that says something i don't know how many days it should be up on the same split news it's been up -- they announced the split when they announced the blow out earnings, that deserved to move the stock a lot but the split has been the driver almost every day which is kind of ridiculous it actually makes me nervous i don't like that it's up on that because i feel like when people realize oh, the split doesn't really mean anything, maybe the air will come out of it i have no explanation for it >> carter, what do the stock charts tell you, is there anything we do with apple with record high levels in the extension to quote/unquote over bought side. >> sure just think of it, karen used the word ridiculous twice, out of word so to speak, which is, i own it

that's the conundrum for so many, typically it's right to hold your winners and at some point one wonders, is this ridiculous what we do know you can measure trend using moving averages. if you look at where apple is in relation to its average trailing price over 150 days it is now essentially 50% above its 150 day moving average it's only happened one other time in the past 15 years. it was in early '06 and pretty soon there after apple took a pretty good hit. meaning, to some extent it's a game of musical chairs people stay because they have these things like, what else should i do. there's nothing wrong with that, per se, but in the same time we can all use the word ridiculous, st stupifying it makes you wonder

hedging or trade is the thing to do. >> apple is posting record high a one after another, and valuations other names have been left behind. we have some picks from carter with picks ready to come to life what besides apple can you still have some upside in? >> sure p before we look at the charts the thought here is we know the s&p is making all-time highs and yet basic line 13% of s&p stocks are making all-time highs. in fact 50% of the index has made no progress in two years. so is that an opportunity? some say the ones not working aren't working for a reason. i singled out three. let's look at the first slide. this is basically showing you the stocks we're looking at, starbucks, caterpillar and dupont and showing how far each is down from all-time high 15, 18 and 49 respectively

real lagers compared to s&p. let's look at the chart. it's all common circumstances. for starbucks ian tated each one with a downward sloping line you see starbucks threatening to break above that line. i think in fact that's what's going to happen. here's a very large cap name that has catch up potential. look at the next one this is caterpillar. it's peak wasn't a year ago as is the case of starbucks it's peak was more than two years ago. it's the same circumstances, downward sloping trend line, the stock is moving up it to it, presenting the opportunity that's the thought that it will breakthrough we think it does finally dupont down most, it too peaked in january 2018 like caterpillar but again a stock that has come up dramatically off its low from march, more so than the market and is showing the potential it's going to

finally break trend to the upside three very large cap name that's are down considerably versus the market making all-time highs lagers for catch up. >> let's talk about starbucks, caterpillar and dupont do they strike a tuning fork. >> first two, caterpillar i thought would head up to recent highs 150. it's been having trouble at 142 but seems to have tail winds for a while. i'm with carter on that. the one interesting to me is starbucks and carter is sort of talking about some things said in baron over the weekend but he's right it's on the verge of a break out. been putting the base in the low 80's for quite some time and it closed above 88 probably sets you up to push towards $100 level so those two are interesting to me. dupont has issues in and of itself the other two, though, i find

pretty compelling at these levels. >> karen, are there names you think are poised for the upside in that list or elsewhere? >> well, starbucks, actually, i own starbucks, i think it's expensive if you're just looking at this year but i think next year it's in the mid to high 20's and i think the year after that i think they will be not only back to where they were in 22 they will be above where they were so i like starbucks, i'm long, doesn't matter actually where you bought it but i've been long for a while, i'm staying long. >> all right bonowyn anyone on the list you like in terms of these valuation levels. >> cat i've owned. we talk about market leadership they definitely qualify there. i've been owning puts and gotten taken out of some of those names. i'd play it slightly different i'd wait for it to hold the new trend. i will probably miss a few percent but that's the way i'd

play it. it's go the to hold a floor for me and i'd rather ride that trend rather than try to pick the beginning of set trend. >> there we go, thank you for your thoughts, guys. coming up on the show, shares of zoom on the move, we'll dive into the earnings report numbers and break down the action. later on, drama at the drive through, latest twist in the saga between mcdonald's and it's oc-ceo, what it means for the stk. "fast money" is back after this break. give you my world ♪

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earnings in the last hour. seems like it was a bullish report across the board. >> yeah, darling indeed, certainly keeps that title blowing every metric biggest customer double year over year, customers overall grew 450%. just months ago we were talking security and privacy concerns and how large rivals like microsoft, facebook and google had copy cat features but turns out zoom was untouchable, it has now captured about half of the videoconferencing market that comes just a year after its ipo. as its valuation continues to climb many wonder how long can it sustain this momentum once growth comes back to earth it's going to be tough and competitors will be just chipping away.

meanwhile zoom is looking to expand it's offerings including new zoom phone cloud telephone service. hardware as a service or partners with hardware makers to streamline its platforms and it's own $600 hardware device. don't miss zoom's cfo on "squawk box" tomorrow morning she'll break down the last quarter's action back to you. >> thank you that's on zoom video, the stock is up from 52-week low back in october last year to now, to "the closing bell", it's up over 400% now it's up about 9% on 16.5 million shares of volume regular session and up another 18% after hours on nearly 4 million shares of volume. this is a darling for sure but can it keep going like this, it can't, right >> well the metrics are pretty unbelievable this is a name we've talked

about obviously for quite some time and we actually did start talking about it in the fall with that said, with this move that you just outlined now, zoom now has a market cap, i believe, of $100 billion which makes it larger than boeing and larger than starbucks i understand they're not comps just pointing it out to wrap your head around what's going on for example in terms of revenue boeing will do $72 billion worth of revenue starbucks $30 billion. you're talking about zoom which is probably going to do they just said $3 billion revenue understanding again there's growth here. there's obviously not lemonade play any more given it's $100 billion. no one is going to buy zoom and maybe zoom using their stock to buy somebody else. with that said if you've enjoyed this ride, good for you, i don't see anything wrong with taking some money off the table.

>> i wonder when you look at these charts and what's happening with the valuations, does it give you pause is it time to take profits or is this one of those ones the trend is your friend and you keep riding it higher and put in those losses. >> great question. i think it's a little bit of everything to answer your question, i really think it depends what your entry point was. if you are up 100% take quarter position off and still make money at the least i'd do that valuation trades 224 pe something absurd so i think valuation is off the table this is question of liquidity and flight to quality. it does have that. >> flight to quality in zoom communications seems to be an interesting dynamic. thanks very much guys. we got a lot more "fast money" coming up. here's a little taste of what's to come. >> big gains for small caps,

we'll take a look at couple names that might be setting up for a real rally and later, has macy's put the worse behind it we'll look at what options traders are saying ahead of the big earnings report. we got that and a lot more when "fast money" returns

♪ ♪ [ engines revving ] ♪ ♪ it's amazing to see them in the wild like th-- shhh. for those who were born to ride, there's progressive.

welcome back to "fast money. as stocks trade near record highs there's one key area of the market that's been setting out this rally the s&p 500 has gained around 9% this year but the iwm, the ticker for the russell 2000 etf which tracks small caps is down close to 6% on the year. but our next guest says there's

still big opportunity brewing in that small-cap arena let's bring in senior portfolio manager at es exes investment management thank you so much for joining us tonight. let's talk about the small cap story, a lot of folks said it was the leading indicator of things, doesn't seem to be these days what's the story with small caps >> two things guys small caps, one of course is earnings growth which matters for all stocks and until recently has been particularly big companies like we've all been talking about like the fin stocks however one thing before now coming out into the 2014 era those large cap stocks were cheaper than the small cap stocks despite the earnings growth was faster. today we have the opposite smaller cap stocks are significantly larger cap stocks, and coming out of the second quarter we've seen greater earnings revisions on the

smaller cap side we think it sets the stage for a big rebound in small cap stocks and we're particularly excited about small cap company that's are broke company that's are just selling app value valuations >> so listeners on sirius xm, p the chart we showed was the performance of the sms sms -- s&p 500 alongside the russell 2000 tracking very closely until the pandemic lows and then there's a gap. i wonder then from a standard of covid-19, how much was the virus pandemic the story here, people wanting to focus more on those quote/unquote safer large cap names opposed to smaller val you'llation that's could -- valuation that's could have more risk. >> right that was very much part of it. what we saw in those lovely 18 or 19 days in march is liquidity

and market cap determined performance and investors were rightly taking shelter if companies perceived with better balance sheets and more stability and perhaps safer prospects going forward. small cap stocks had extraordinary move post sell off after march 23rd but math being the way it is, even with the small move that outpaced many of the larger sectors they still haven't quite caught up for the year we believe they'll follow earnings growth so as earnings come through and prospects improve broadly with the resurgence of the american economy will bode well for the small sector. >> all right it is "fast money", we talk about stock picks, can't let you leave without giving us some of your own, which types and small cap companies will lead this rally in small caps? >> so, we're looking for growth stocks or we want growth stocks that are selling at prices that do not reflect future growth

prospects, companies that are innovators, that can gain market share. some areas we like where we're seeing very disruptive technologies are ed tech, fin tech, some of the e-commerce and as well as a lot of work in personalized medicine. i have a few picks you see on the board that play off those names and i'd be happy to talk about any of them. >> all right we have plural sight. elf beauty and fulgent genetics. nancy, thank you for your picks and for joining us and everything on the small cap story. we appreciate it. >> thank you. >> all right, guy, you've pointed out the under performance of the small cap stocks, how much does it worry you to see the russell 2000 under performing the s&p as much as it is. >> you have to understand i wake up worried so it absolutely worries me.

iwm that measures the russell is up 65, or 60% from that march low and is still nowhere near the 172 level it topped out. so that's concerning for sure. i'm all for the resurgent u.s. economy. you know, i just don't really see it happening for a myriad of reasons, not least of which, we still seem to find ourselves smack district attorney dab -- smack-dab in the middle of this pandemic i understand being bullish but don't find the environment elf is an interesting company that signed with alicia keys at beginning of the month which got the stock back to 19.5 level it closed above 20, i think this stock is set to make another new high. >> carter let's round out the discussion with you. are the charts tell you anything about if the small cap catch up with the large caps? >> so i think the point of picking a good growth name,

small or large cap, doesn't matter it's really about the waiting of the russell 2,000 we know waiting in financials is 21% versus the s&p at 10%. so you're so dependent on all those banks that are struggling with their loans, all of which getting no-interest margin on lending. that's one issue second is waiting in tech. russell 2000 is waiting versus the s&p. it's 11% s&p is almost 29%. so you need things to go right, which as of now, you've got a waiting issue that almost make it impossible for the small cap index itself to catch up unless tech collapses >> all right it's a big story for sure thanks guys. coming up on the show, the oracle of omaha setting a sign about investing in the united states answers coming up. don't forget to stick with us for bonus edition of "fast money" 6:00 p.m. eastern

tonight. tweet us your burning questions at cnbcfastmoney and we may answer them on air more "fast money" sat the break. -- after the break.

he. welcome back to "fast money. berkshire hathaway bought more than 5% stake in each of japan's leading company, the purchase is valued at over $6 billion. is this a sign that there are opportunities here in the u.s. or that they may be dwindling if berkshire is going to japan for these type of investments? >> well, i think, man, first and

foremost any time warren buffett is making a move you got to take it into consideration, you don't fight it, the guy's track record is undeniable. now i think this speaks to, the way i'm reading it, it does speak to fiscal and monetary policy we've had a flood of liquidity here , japan has had its issues and they've made a strong commitment to loose monetary policy and they've been stimulating the economy fiscally and looking to restructure their corporate policies and politics. i think he's saying there's similarities here, there's some like tore like, there may be a bit more depth and a regime change how they're going to handle that. makes sense to diverse tie out of the united states to an extent, couple that with the investment in gold is a strong signal i don't think you rotate out of u.s. stocks but this is more

diverse fiction of play. >> karen, this idea there could be more or fewer opportunities elsewhere outside the u.s., are you of the mind there's better opportunities outside of the u.s. stock market right now? >> well, we look at the things that he bought, those are trading at prices pe multiples we don't have anything like that for the scale of the companies he bought there. so i have some diversification overseas, some etf's in japan. but my focus is always in the u.s. i think he probably would have liked to do something but the markets corrected so quickly in both equities and debt he's done debt deals in the past, i think the debt correction was so fast and furious that there wasn't time to get anything done so i'm intrigued by his foray into the japanese commerce but i -- they're really cheap but they've been really cheap for a really long time as well

he can wait. he's patient. >> he is patient for sure. he and his top lieutenants, stock pickers out there, we'll see if the picks in japan out for them coming up, a controversy with a side of fries. get your snacks ready. we'll have the latest on the mcdonald's ex-ceo drama saga, coming up next plus we got a bonus hour for you tonight. and we're taking your questions. tweet us at cnbcfastmoney and we'll tackle them live on air. sticwik th us. we're back after this break. and still going for my best. even though i live with a higher risk of stroke due to afib... ...not caused by a heart valve problem. so if there's a better treatment than warfarin, i want that too. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. what's next? reeling in a nice one. don't stop taking eliquis unless your doctor tells you to,

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but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. welcome back to "fast money. another twist emerging in the ongoing battle between mcdonald's and former ceo steve

easterbrook. indicate kate rogers with the later developments. >> mcdonald's is firing back at former ceo in a new filing in the company's lawsuit against the former executive today mcdonald's telling cnbc -- goes on to say his argument that he shouldn't be held responsible for repeated bad acts morally bankrupt and fails under the law and he's being sued for fraud, destroying evidence and moral turpitude after he lied about having multiple sexual relationships with employees the suit would claw back his severance package estimated to be more than $60 million est esterbrook said should be dismissed because he didn't hide his misconduct and investigators should have uncovered it on

their own. right now they're focused on the emphasis on the mcdonald's hr department, including leadership and former chief david fairhurst who reportedly made women uncomfortable at company events and he fairly left and new hr chief heidi capozzi heading up the policies we've reached out to mr mr. easterbrook's attorney, no response yet but will give updates as we get them back over to you. >> thank you very much kate rogers on the latest from mcdonald what do you think of this latest move from mcdonald's is this still the golden arches? >> first thing, infidelity, that's been around a long time, not to excuse it, it is what it is second, if you're in this situation, doesn't a gentleman stand up and say i'm giving you the money back come on. so as to mcdonald's the chart.

looks pretty good. i'd like to be wrong i'd like to be long. >> all right he wants to be long. is this situation you'd buy? >> kate's reporting is fantastic but in terms of the stock, you think of what's going on, people are starting it write about this, mcdonald's is really poised to be successful in an economic down turn and the stock is telling you all you need to know what people think the economy will look like, series of higher highs and higher lows since that march low and that $220 level which was basically where we were this time last year is absolutely in the cross hairs. so i think mcdonald's grinds higher from here i'm with cbw for sure. >> bonowyn what do you think. >> i'm not fighting the chart master i'm with him end of the day the scandal $37 million claw back i don't think

translates to the fundamentals or technicals of the stock itself >> all right karen, right now 9 strong buys, 17 buys, 9 holds, no sells, no under performs on mcdonald's is this a consensus buy and hold type pick >> i think so. i agree with guy that, i mean, i think the pandemic will allow them to speed up changes in the business they were starting already on digital having success there i don't own it i feel bad that i kind of missed it as salatious as the other part of the story is it maybe be meaningful if he was there but he's not still interesting. it's a great company that did a tremendous job and i think like starbucks they'll come out of the pandemic stronger. >> a corporate soap opera for sure at mcdonald's thanks guys we're in the middle of a retail

renaissance nobody told macy's slowed down more than 60% and options traders are not conveinsed that wednesday's earnings report will do much to help this stock get back on track. mike ko with the action for options action good afternoon, mike. >> hey, dom. yeah we're looking at macy's which traded three times the average put volume right now the options market implying move of 16% compared to 7.1% for the past 8 quarters i would point out the market capitalization is $2.1 billion and enterprise value $9 billion compared to about $6.8 billion and $12 billion respectively on the historical numbers and you see the movement implied is in line relative to the enterprise value of the business. biggest trade we saw was the sell of the weekly six strike puts for 20 cents and sellerer

willing to get long that stock, considerably below $7 where the stock currently closed so would have to move the 16% to the down side before the put seller saw any losses so i want call this a hugely bullish bet but does express some skfconfidence that the course of the may be -- the worse may be over. >> mike, thank you very much always good to get your thoughts, appreciate it. karen, was your thoughts on macy's it's a retail, it's in battle, should we be buying? >> no i don't think so, unfortunately. we seen kohl's with decent numbers but no guidance. i'm very pessimistic before the pandemic on the future of the department stars i always look to the dead markets to give us a sense, there's paper that matures in february of '23, so not have long from now and it's trading in the low 80's which means

they're not that confident in macy's as a credit i wouldn't own the equity. stock is low but actually not cheap. >> it also trades on trailing basis four times earnings probably for a reason. carter your thoughts on macy's. >> to put it in perspective this stock financial crisis at 5.20 and here it is essentially at its financial crisis low after a big ricochet up to 7 therabouts companies do good at business and lot ofcompanies like this have run out of business i wouldn't want to own this. >> all right b bonawyn what do you think. >> i wouldn't want to own it as we all said the dynamic and environment of online retailers and sales has changed and i don't think macy's has kept up with the speed

put sell makes sense it's short-term put that will decay rapidly and there's long-term support around that $6 level. you can take premium and if you get it there i think it bounces from that level. >> get paid by the stock at lower price. guys, thank you very much. be sure to tune in friday 5:30 eastern on cnbc. up next, your final trades keep it right here what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. mhm, yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. now offering zero commissions on online trades. we charge you less so you have more to invest. ♪

welcome back to "fast money", take a look at shares of rackspace, dropping since going public well off the lows, posting 9% rise in sales and 100% jump in bookings, shares back above $21 ipo price. a slew of brokers initiate the stocks, karnl karen, rackspace is it worth owning. >> it's in the cloud space so

anything related is great. but i bought it after the close today after they announced earnings when the stock traded down, the reason was today is the first day they could come out with estimates and price targets and everyone very bullish. it made me just think, you know what, they've must have known what these earnings are and think that they're fine and so maybe the market is overreacting to the earnings because they got the stock so pumped up on all the analysts report so for that reason i bought it after the close today. >> there's a nice trade for karen. see how it pans out over the next week. time for final trade, around the horn, carter you first. >> s&p 500 all-time high starbucks, lowest high time buyers. >> karen. >> i'm sticking with rackspace as my final trade.

>> i went weakness in the builder space, vix, xhp. >> the home builders etf there and guy, when assessment e-- when assessment ends september endjohn thompson. yes. >> obviously he was 30 years ahead of his time, rest in peace coach thompson thank you for being here dom >> thanks guys very much thanks everyone for watching "fast money. don't go anywhere we have a hour coming up we're answering your questions live on the air.

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. a bow bonus hour after "fast money. tonight we're answering your questions about hot stocks you're trading right now that's right, we want to hear from you so tweet u us @cnbcfastmoney. karen finerman and carter braxton, coming up on the show, zoom just reporting revenues quadrupled, quadrupled from last year we'll have a meeting about what to do with that stock now, a

video one, of course plus, one new to all this viewer asks what does today's split mean for the future of apple our traders will explain and later on, if you sit through the whole bonus hour, you'll be rewarded with gambling and pot that should be enough. we're not going to say anything else right now but just keep an eye on those words. first up, zoom blowing earnings expectations out of the water and it's no surprise it's been a stock on our viewerviewers' mins let's get to the first question. >> hi, "fast money" team thanks for taking my question. this is jack from massachusetts. i had asked about zoom in july on "mad money" and i'm following up with a different question i'm wondering for a shareholder in zoom that wants to see long-term growth from the stock, what is a good target timeline for holding and selling the stock down the road? >> holding period.

that's the key question there. we'll toss this to you first. >> well, we touched on it a bit on the last segment. it's a question of where you got in for a lot of people, it seems like they got, you know, 300, 400% return on their money taking the amount of money off the table, sorry, the corresponding amount of money off the table so you're playing with house money makes a lot of sense. i do question, right, if they already own 50% of the adjustable market, how much more can that grow being we had a pull forward of covid? it's not about timeline. to me it about technical levels. i would put the fund mentals aside, set a level, if it breaks the level, i would be taking an increasing amount of money off the table. >> technical levels begs the question for, say, carter broxton worth, are there levels you're watching in a stock like zoom >> well, if you think about it

one share at all-time highs the, there are no reference points and in a stock where valuation is either unknowable or undoable, it's really as much as the imagination will allow in terms of holding periods, in the purest sense growth investing and it's just about are you continuing to see top line growth that beats and guides higher, gross margins, operating leverage and as long as that's the case, you never sell, and that is the time frame for sticking with something if it is truly being treated as a disruptor and a growth asset by a growth manager or investor. >> karen finerman, there is no doubt zoom is a disruptor. it's obviously shown some strength, but often times we breed competitors in these environments is zoom communications safe? is the mote deep enough so to speak? >> i think a mote is actually

pretty deep. i mean, just think about it's a vertebra and so like a netflix that we've talked about competitors for years, deep pocketed competitors hasn't seemed to matter i think zoom may be in the same situation. i agree that if i were more trading oriented, i'm not, and i did have these enormous gains, then i would take some off the table and then just let the rest ride but normally, we think about, you know, business plans over years, this is happening in a matter of months so we're looking at a very different sort of timeline than we normally would when the valuations, you know, they had, i don't know, how many years of growth in six months so i would hang on to some, but i would feel like i got to take a little off the table. >> i mean, the zoom chart is pretty much what you define as parabolic, if such a thing

exists we have stock splits in apple and tesla taking effect today. our next viewers got a question on the moves for those split stocks. >> how are you doing my name is terrance calling from new jersey i'm a new trader just started in march so i have a couple questions about apple and tesla splits my main issue is i want to know what are your thoughts on it is this something i should buy more shares of, holding or selling? >> all right karen finerman, we'll toss this to you here. this idea of splits, first of all, we know it doesn't change the fund mentals of any valuation. it's cosmetic about price. how exactly would you trade these given splits >> well, i own apple it's split i'm not trading around that at all. it's not a factor. good for him for starting in march. half of being right is timing or more that's actually an extraordinary

time to get started if it was later in march that would really be fantastic but i think to me, it's more about the fundamentals and so apple actually, there are fundamentals that i can get comfortable with it's expensive but i see where there is valuation the valuation can make sense tesla i have trouble with. apple i'm sticking with but shake my head every day. can't believe it's up on the same news of a stock split for weeks now. >> the stock split story, is there a reason why people would want to buy a stock after a split goes into effect in the stock and in essence goes from $100 stock being split 4 for 1 to four $25 stocks at the same time is there a reason fund menl lmey to want to buy these types of stocks >> is there a reason fund mentally absolutely not this is stimulus and liquidity

and if you look at essentially what is going on, right? you have people as opposed to out laying $1500, $2,000 or $400, $500, out laying 150, 120 and 300. so it's to me like two things. the retail investor and cosmetics as you've said and fractional shares aside, i think it's not about fundamentals but you've got to pay attention what is going on. if enough people believe that the stock split is a positive and the stock continues to rally, the stock is going to continue to rally. hate to down trend on the question it's not fund mentally induced but clearly, people believe the story and that's the reason you buy. that's a bubble. you buy it because you think someone else is going to pay more for it. >> is apple a bubble we talk about the notion perhaps these things are fund mentally driven or not. we know that with free trading, zero commission trading and fractional shares, the price

shouldn't matter but people seem to be bullish on stock split stocks why? >> well, in the simplest form, think about why companies split. we know over time the past 100 years, the average listed stock going back really 100 years is about $35. and then it gets to about 90, 100 and people typically split because they want the retail investor participating that's the reason warren buffet never did. he didn't want people manipulating his stock and buy ratings and so forth there is a phenomenon where the lower price attracts an investor group but in terms of whether apple is a bubble, ultimately, at some point, right, you're just too over done to the downside, too. it turns out all equities are that way on the march low. so apple can triple from here. it doesn't matter what one's long term view is. the ark it's traveling now is, well, let's use karen finerman's words, ridiculous. it's steep

uncorrected and risky. >> all right big moves for sure not just zoom but apple, as well. >> can i add one more thing? >> absolutely, karen. >> one thing, we know that okay, the retail investor can get in companies that normally are doing well are ones that announce stock splits so there is that momentum and conversely, a reverse stock split is a terrible thing that's companies that aren't doing well that announcement alone often is enough to send investors fleeing as they should. >> it is for sure a signal only companies doing well split their stocks. guys, let's move onto the next question. we got one on another headlining stock from ryan in michigan. >> given that the dine in restaurants have had a lot of pressure during this covid-19 era and with the ceo scandal, is mcdonald the best breed in the fast food industry and a good option to have this exposure if a vaccine is found >> all right so carter, we'll start with you

first on this one. mcdonald's what's the story there >> well, it's -- i like it we discussed it earlier on the show and i think it's going to break out to new highs we know that its march low and where it is now is foreshadowing people returning to the office or their normal workday and all daybreak fa breakfast is a big s these are two anymores thnames potential to catch up with the s&p. >> there are a hand full of mcdonald's locations an nick dote ly- an nick dotely speaking. people are going in there and ordering curb side and doing something but seems like mcdonald's is navigating covid-19 better than a lot of other restaurants out there. what do you think? >> i think it's an industry

leader we talked about essential business and whether or not you just have the ability to operate. what the drive-through phenomenon, you have all of the different curb side services ordeal livery services, they can continue to kind of operate regardless of the situation, right? if you look at their debt load, it's grown a little bit over time i'd like to see that free cash flow to debt balance out a little bit but the business model is undeniable. strong gross margins they continue to trend higher. strong net margins, those continue to trend higher you seen a recent pull back as of late but mcdonald's, the business model and real estate they own and essentially bringing in entrepreneurs to run those businesses, it's phenomenal and continues to grind harder, as well. >> some of the stocks that have done well navigating covid are mcdonald's, chipotle, maybe yum brands, dominos, papa johns. is mcdonald's the one for you for food or other ones out there catching your eye more?

>> well, mceldercdonald's allowm to accelerate. come kn dominos, also. >> thank you very much we're just getting started on "total request fast money". still to come, united airlines makes the bold move of fees up in the air for competitors. america responded this afternoon and plus, what to do with a lesser known tech name nipping at the heels of the big dogs and keep those questions coming in tweet us at cnbc fast money and we may just answer your question on air stick withs. 'lbeacafr is u

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welcome back to a special bonus hour of "fast money" where we're taking your questions. you got united airlines taking the lead and waiving one of the most long-standing and lucrative fees our own phil lebeau is on the c nbc news line to explain what is going on phil, this is a big one. >> well, it is what you have is united airlines starting this by making the announcement yesterday it would be waiving permanently the ticket change fee, which is a $200 fee you would have to pay if you were going to change your ticket american and delta had ticket change fees and guess what they did today? they decided we'll follow united's lead. we're not going to be charging a ticket change fee in the future

and this is a big deal u.s. airlines, not just american, delta and united but all u.s. airlines collected $2.8 billion, that's billion with a b in ticket change revenue last year and here is how it breaks down for the three largest legacy airlines. delta brought in the most at $830 million last year followed by american and united at $625 million. speaking of delta this afternoon on the closing bell, the ceo of delta was asked point blank did you make this move because your competitor united started with this is what he had to say. >> we are a competitive industry, no question about it but i would lasbel today's announcement as confirmation on the path we were on since we previously announced we want to make certain we're providing the greatest value and pricing opportunity to customers as i'm sure customers want to do the same. >> he wouldn't say it, but you

can bet they all watch each other. when one airline makes a move; the others take note and follow. by the way, all of this is in response to the fact that you have an industry that is just not rebounding the way many expected it to airline passenger levels still hovering down 67 to 73% compared to the same time a year ago and over the last ten days, we had negative airline travel numbers week over week it continues to pull down. we're not going down to april lows but it's certainly not growing. southwest airlines is the lone airline out there that does not charge a ticket change fee and when you look at the success they have had saying look, we don't charge a ticket change fee and don't charge to check the first two bags, people have responded to it over the years and you see united, american and delta saying let's waive that

fee forclarification, it is not all ticket change fees, right? basic economy which is what people look at on the internet does still have a lot of restrictions with regard to what you can travel with. >> but it is changing. now, american today and we'll not get into all of this, american today made a number of changes adding more flexibility and perks for the basic economy ticket that's where you'll likely see changes with a number of carriers american announcing that today and you'll see this in this industry they have to get people on board as much as possible. >> anything to get people traveling again. phil lebeau, thank you very much always great to get your thoughts, sir. >> you bet now let's get to the viewer question on that airline sector. >> i would like perspective on the near term future and long term future of airline stocks. which airlines are best

positioned and best poised to come back if we were to get a vaccine sometime during the end of this year and also, what would be the ramp up time to once we get a vaccine to get things back to normalcy, to get travel back to normalcy and how long does it take to reflect that in the stock price? >> all right that's a pretty involved question i know you were listening, what do you think, airlines near or long term? what's the outlook >> yeah, very multi faceted question tremendous for them but to get rid of a large revenue generating, i don't see any capital associated with charging the fee, right a high margin, large revenue product i think that's tough i don't think that necessarily bodes well but it's about restoring value and confidence to the consumer whether wearing masks or clearing the middle

aisle. that is generally a trend and i don't think for a second they're not looking at each other and moving in lock step. i think the announcement came out in the same day. as far the outlook on the particular shares, i think you got to look at the balance sheets american is still probably the post debited delta and united had some of the better, excuse my french, margins going into this situation but i'm not really a fan of these high data epicenter trades we're in the early innings i have no idea i don't know how long it would take to get back to a new normal i don't think normal is what we know in the past and there are challenges in terms of adopting a vaccine and low lohow long itl take for that to translate this is probably a six to 18 month type of thing. no need to rush in now. >> karen finerman, is it mel la

dramatic to say there is a new law order. for the longest times, they did everything they could to squeeze profits. jammed planes, cut back flights, perhaps over booked. it was all there to maximize the amount after revenue they could get every flight here, you got people with no middle seats filled. you've got a lot sparser kind of booking on these planes. is this what we can expect from the airline industry in the years to come? >> i don't know about the years to come, but i would think certainly for the year to come, you're right they were able to squeeze every penny out and we saw how profitable they were year after year for the last several years until the pandemic but now, obviously, the tables have turned and the customers are far fewer and the seats available are far greater. so you're seeing a complete change of, you know, who has the upper hand, the customer clearly does but i agree. everything he said, i'm very

concerned about the balance sheets here and i'm concerned we talk about on "fast money" we talked about zoom and what a game changer that was. if you think about the business traveler, i think that has changed materially maybe not forever but certainly for certainly for the next year, even if there is a vaccine and, you know, we have so many companies that said you don't need to come to work in our office for the next year, at least. so that's interesting to me. i think that is a very significant change so i wouldn't be interested in the airlines. they obviously they have had to -- they were able luckily to be able to sell debt to be able to get them through hopefully to the other end but now, you have the stocks that are maybe halved or down by more than that but the balance sheets are very bloated. so i'm not -- i have no exposure in the industry. i can't foresee it for awhile.

>> all right upbeat take on the airlines. thanks. coming up, in technology it's a dog eat dog world and if you're this particular dog, it seems you've been pretty hungry but one viewer wants to know if there is more meat on this particular bone. we'll all find out together with regard to data dog and speaking of together, what to do before the tiktok merger decision stick with us. we'rba itwmite when we started carvana, they told us

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right now, switch to t-mobile and get four lines of unlimited for just $25 bucks a line. with access to america's largest 5g included. that's right. unlimited and nationwide 5g for the whole family for just $25 bucks a line. only at t-mobile. welcome back to our bonus edition of "fast money." the lesser talked about technology name, josh lipton has insight what might aexplain what is happening with data dog. >> you're right. it's not a name we talk a lot about here but data dog has

rocketed higher surging about 120% so far this year. in the past five months alone, doubling the market cap to $25 billion. data dog offers a platform allowing customers to monitor the performance of their apps. networks and computing infrastructure for example, let's say you're an i.t. manager at a retailer you can use data dog's tools to make sure your company's apps are working like they should that's important because so many more people are now depending on online services. data dog helps companies spot technical issues if and when they pop up. customers include rivals cisco, new relic and splunk and has strong technology capitalizing on an important area and he's a fan he tells me of co-founder

and ceo giving high marks for creating a company that's growing strongly remaining capital efficient. on the other hand, other analysts i spoke with like da davidson say the company is the gold standard in this market but have concerns about valuation at these levels and the company is not immune to economic turbulence, either earlier this month saying uncertainty is having an impact. data dog did finish august with a drop of 11%. dom, back to you. >> thank you josh lipton for the update that brings us to our next viewer question. >> this is steve calling from kentucky i wanted to ask about data dog i bought it back in november in the low 30s and bought some more at 60. i was wondering whether i should take my profits now or hold on to it for awhile thanks. >> all right the stock closed, the regular

session at $83.55. like josh points out, there is a $25 billion company. what do you do with data dog >> what do i do with data dog if i'm him and owned it at 15 and bought more at 30? i'd take chips off the table this isn't about picking top or bottom but staying in the game, being a profitable trader and exercising prudent risk management i don't need to look at the stock chart. if you bought it at 15 and 30, you take some off the table at 83 and go on about your merry way. a nod to karen she wanted this out in the last segment. if you're involved in cloud computing, the likelihood you'll have positive momentum is high i can see this continuing to trend higher, but it's a mixed bag there. you have got to do it in the right way that maximizes your profitability and minimizing your downside. but kpi is an industry leader

there and i can see the utility of that type of technology, absolutely. >> kpi, key process indicator for those viewers not familiar carter braxton worth, i'm looking at cnbc.com. the data says on a trailing basis, the pe of this company is 8,703. what does that tell you if anything about whether you would own it >> right it just tells us we can't rely on that. but what we do know is this. this is a matter of technique. when a stock is rerated, it usually follows through in the direction of the re-rating not talking about an analyst community but price action when sales force gaps up and zoom gaps up, there is follow through. this stock gapped down on its earnings on august 8th a lot of talk about decelerating revenue or maybe ahead of itself in terms of valuation if you can use those words but the point is, a drop in gap on heavy volume august 7th, 20 million

tra shares traded versus a four is usually something to start to move away from and of course, making the good point if you got gains like that, time to move on. >> all right thanks, guys for the thoughts on data dog let's stick with the tech theme with our next question from henry and alex in california. >> my question for you today is who do you think has the upper hand in the tiktok deal? oracle or walmart and microsoft and why? >> what impact do you think the acquisition will have on the company short and long term. >> great questions carter braxton worth, these are big names in the acquisition hunt right now. >> right i mean, so i can't speak to, you know, so who has the upper hand in terms of tiktok and who has this space it's really looking at price action what we know, right, is let's

take walmart for instance, a very good stock that's now under pressure or other retailers. we know the xrt itself has taken a bad hit to the downside after stretching and so, just stick with if you can something that is showing reliable growth and is never giving quite so steep as some of the other names we've been talking about for the past hour. >> karen finerman, i wonder if i might get your thoughts here walmart is not a small company, and it could be partnering with microsoft, which is not a small company. you've got oracle, not a small company. are those -- is there a better suitor in the mix or somebody else out there that might provide a better fit for tiktok? >> i don't know. everyone in the world is looking at it. i think my guess and it really is a guess, i'm surprised that we haven't had any leaks about this since it could be a deal announced as soon as tomorrow, who knows.

microsoft and walmart to me makes the most sense and i think the company that has the most upside from that is walmart because i think that can be somewhat transformative for their business and i think that we are in the process of seeing a re-rating in walmart obviously the diverging between the amazon, or the difference between the amazon multiple and the walmart multiple backing out aws for taking out their cloud business from amazon the retail business of amazon trades wildly higher than the retail business of walmart and i think this would be a very interesting acre sessi interesti interesti interesting acquisition to help them doesn't need to be remotely close to amazon's multiple the stock that has the most bang for the buck here is walmart and who knows, who knows what anybody's guess. if i had to pick one suitor, the

microsoft, walmart team i think will be the inner. >> i want to get your thoughts on the most interesting part of this tiktok story on your investing thesis. >> i have very little to add in addition to what mrs. finer mma pointed out. microsoft, walmart team makes the most sense between those two suitors at least because of the cloud computing, online distribution, the distribution, physical distribution centers and the touch with the retail consumer an enterprise software company natural cynergies being able to integrate the business more seamlessly and unlock business for those reasons. >> big discussion with tiktok. let's hit twitter for a tweet. blaze bullock says what do you think about buying jpm right now? karen, we'll go to you on this one. >> okay.

i love jamie diamond i think jamie diamond is the most talented and important financial services ceo out there in the world probably. so i am long jp morgan and when i think about being long, it doesn't matter to me what my cost basis is if i went home long, that means i'm essentially buying it at the close at about $100, it's about, i believe, 1.6 something percent of book and the question is how bad will the credit losses be before they can get back on track? they will be really bad. there is no doubt. we haven't seen it yet we haven't seen it really at all. in march, we saw them take gigantic provisions. the next quarter they took gigantic provisions and will again this quarter take very large provisions but ultimately, i think they will earn their way out of this. they will earn money this year even with those gigantic provisions so you can't look at the stock on what is it going to earn this year or next year but all that put together, i am long.

i think that you will find value in jp morgan it's going to take awhile but i'm patient. i'll wait. >> more often than not if you're investing in financials, you have jp morgan on top. thanks very much still to come on this viewer driven bonus hour of "fast money. which company is best positioned in the race to develop a covid vaccine? we'll find out wn hethis special edition of "fast money" is back after this commercial break. what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity

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♪ go your own way your wireless. your rules. only with xfinity mobile. welcome back to a special edition of "fast." with the nation in the grip of covid-19 the promise of potential vaccines understandably seems to be

important to you first, let's get an update on where the race for a vaccine currently stands our meg terrell joins us with the latest there good afternoon, meg. >> hey, dom. more news this afternoon astrazeneca is beginning their phase three chitrial here in th united states. this makes it the third large trial after pfizer and moderna they will enroll 30,000 participants depending how the infection rates are, they could have results by the end of the year pfizer and moderna started july 27th and you can see here there are already more than half enrolled toward that goal of 30,000 participants. these are your updates they gave over the weekend but of course, there are questions about how fast these vaccine processes are going and

as t astrazeneca putting out a statement and really commitment about that c ceo pascal soriot said we've been fighting this terrible covid-19 pandemic and we're putting science and the interest of society at heart of our work. we're moving quickly without cutting corners and regulators have clear effective and safety standards. dom, so speaking there so some of the concerns this is moving at record pace and people wanting reassurance that they will be safe and effective in these trials back over to you. >> big story for sure. thanks for keeping us up to speed on the latest on the covid-19 race. that brings us to the next question from doug in new jersey. >> my question tonight is about the pharmaceutical lottery some companies say they have a

vaccine that you have to keep frozen russia and china say they have a vaccine you're not going to hit me with that my question is to you, i have a call option with pfizer $40 strike price october 16th. am i going to make it or is my contract sleeping with the pfizers? >> sleeping with the pfizers what do we think about pfizer? >> you know what, i think if you're in pfizer, you have to like it for more than just a play on the vaccine. you've got as ttrazeneca. there are certain things i like about pfizer valuation and the fact they are spitting off or getting rid of their -- and cause excuse me, da

blank." blank. what i'll say is october, right? you're kind of in the sweet spot around route time where your value starts to erode so i would be looking to probably roll that position if you don't get a stock move in short order. >> carter worth, we go to you. the majority of analysts here on cnbc's data sheet have a hold rating on the stock and also now down about 4% on a year to date basis. is this a sock ytock you want tt involved with? >> it goes in the bucket of large cap laggered that has the potential to catch up. and so 18% off the all-time high, s&p making all-time highs. this is the thing if you have an extended name, let's trim that and double back and find something like this, like a starbucks, like a faiz pfizer t

lagged and has catchup potential. this is one to look at in terms of the timing, yeah, you're cutting it close but october, you know, there is enough time if things go well and my inclination would be to hold the option. >> karen, is it pfizer when it comes to big fapharma do you like pfizer as a name >> i like pfizer as a name i think for these really big names like a pfizer who is in the hunt and as ttrazeneca, if they do have a vaccine to charge very little unlike moderna that is maximizing earning potential. that's fine. we need a vaccine. other big drug companies will face more pressure i would be either in the xbi or ibb if you want to have exposure to the drug companies or biotech

companies. >> using the etf thanks for that in the covid-19 race still to come on the show, could a plot twist be developing in the movie business or if that's not an investment you entertain, how about something with a little more money on the line? more of this special bonus hour of "fast" coming up ahead. t-mobile and sprint have merged.

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welcome back to the bonus edition of "fast money." we're taking your questions and answering them live on air but first, a question for you. how likely are you to go to the movies any time soon

we ask because people overseas are surprisingly likely to go to the movies our julia boorstin is here to explain. >> the first wide release since covid growing over $53 million across 20,000 screens in 4 1 international markets. that debut would have been considered small precovid but industry watchers are reassured this is the biggest opening by a christopher nolan film in nine countries. warner brothers says the release schedule is a marathon, not a sprint with the film scheduled to open this weekend "tenet" performed well on i max screens over 9% of the weekend box office total and by far the biggest late august international box office weekend for i max indicating demand for premium theater experience here in the north america market, disney fox drew $7 million at the box office at the lower end of expectations

dragged down by negative reviews and also only about 60% of theaters were open and they're operating with capacity constraints. theater stocks suffering today on the disappointing u.s. box office amc entertainment holdings down 7% and cinemark fell and i max fell 2%. one sign, o'ryan pictures, "bil and ted face the music" grossed over $1 million with consumers renting ocho r br buying at hom our next question comes from a viewer who also has his eyes on -- >> hi, my name is kevin from the great state of new hampshire i'm calling asking about amc i'm holding in the money call kps py expiring in march and i thought the stock price may improve. wondering what you guys think about that. >> karen finerman, let's go to you with this one here are you a fan of the silver

screen and if so, is it amc? >> no, i'm actually not for a couple reasons one is that this was in sec cue l -- secular decline before the pandemic hit we seen it on theaters and a collapse of the time a movie is released in theaters and available for people at home that has gotten narrower and in some cases down to zero time difference so this was in decline before any of this started and so now obviously, with the pandemic, you know, theaters have been closed for awhile. they are opening up now. they have spaced out seating and if you think about that empty seat right next to you, the margin on that empty seat is gigantic so this is a lot of lost revenue they got a lot of debt amc in particular so while the stock is low, i'm not a giant fan of it and look at the debt to give me a sense of how the debt markets

think about a name and i feel they are always better at understanding cash flow than the equity markets and given all of that, you know, and the debt, the balance sheet is just too debt latent for me i wouldn't own it but if i did, it would be through calls. >> coming up, with gambling shut down many of you are new at the market game but that is no reason to give up on your old hobbies, play it a new way or if that's too stressful, others of you are finding a way to relax we'll roll all the puns together coming up next after the break some see a grilled cheese sandwich and ask, "why?" i see a new kitchen with a grill and ask, "why not?" i really need to start adding "less to cart" and "more to savings." sitting on this couch so long made me want to make some changes... starting with this couch. yeah, i need a house with a different view. and this is the bank that will help you do it all.

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welcome back to a special edition of "fast money." we're answering questions from you, your viewers, nothing like friendly wagering and pot perhaps. gamble on sports betting. >> hi, guys, niko from chicago here hope all is well i have a question about draft kings. i've been watching cnbc and hearing it will continue to trend north. i think sports will continue to come back wondering your opinions thank you. >> all right draft kings. i don't even know what to do with this because draft kings, sports aren't even really going on right now but this stock is a real covid play. is it one people should be trading in >> yeah, i think so.

mills has been all over this thing and we've seen a bit of a pull back from that $40 level that $35 level i actually got hit on some today so clearly, i'm a bull i'm in the cap listen, i like the exposure to i gaming and online sports betting. i realize there is a lot of sports that aren't in play but i think all that's doing is driving increasing penalty up us user demand. i like that. add on the fact that there is not that much brick and mortar load for them so capital business, exposure to a growing sector i'm a bull i'd be buying dips. >> all right. >> karen finerman, he's buying the dips are you a big fan of the sports betting type play in markets >> i am. i do think that online gaming is, you know, it's been delayed. i don't know how long it will be before we have regular sports seasons but we will again, i have no doubt about that i'll find other things to bet on, as well. draft kings obviously is explosive and pulled back a

little recently as gaming. one that interested me was mgm, which the iac position was really interesting to me and i think he could help them with their online gaming and so to me, that's sort of a cheaper way to play a similar theme. >> all right that's the online gaming part of the discussion now on to our next companion question about the cannabis sector. >> greetings from new york city. in the next few weeks, the house of representatives are set to make a vote on decriminalization on cannabis opening the flood gates state to state creating the nation's much needed strong revenue stream already you have the top cannabis companies in position however, grow generation may be the leading retailer in the u.s. but when it comes to that supplements, nutrients, special lighting and so forth, grow generation has major competition

with power house that is scotts miracle grow i ask you, can grow generation grow past scotts miracle grow in this vastly growing industry >> all right that's a great question out there. carter worth, we'll turn to you with that one here i mean, the whole outlook for cannabis, what do we think >> i mean, so as is the case with so many things that are novel and new, they come out of the gates strong and then many falter and that was the case here with the general group of pot stocks there is an eft, mj alternative harvest to capture the group my hunch is that it's basing and bottoming after what is horrendous the past two years. as a speculative long, i would do it. >> all right bonowin, what do you think is this something you play the industry with etfs or answer

larry? >> i like the e itf with the legislation and things of that nature, there is room for volatility there there may become pan kne compane fraudulent behavior. picking a winning group isn't something i try to do. >> the eft industry a big hit. karen finerman, let's go to you with this one here is this an industry that has a secular growth story for the next one, five, ten, 15 years? >> yes i do believe it does like beyond meat plant based, this is another plant based one we'll see growth but like the others, i would do it through the eft and not pick which particular one because you're playing different parts of the big story. but i actually do not have any exposure to the space. >> all right no exposure to the space

carter, as you take a look at the way these charts developed over the course of the past couple two or three years, we've seen extreme highs and extreme lows what exactly do you need to see to indicate that there is an established trend that can develop within these types of stocks >> so just in terms of the ownership when you have this sort of potentially main stream, you had a lot of retail money, the market cap was so small besides people who were given shares on the ipo mostly retail. so hence, the huge moves out of the gate and then the equally huge and commencing collapses. what you need to see is just what you need to see in any bad situation, a down trend that stops. you need to see basing and see the fact that it's not making new lows and if you do look at mj, the alternative harvest etf, that is what is starting to happen it's been horrendous but it is

notincreate mental new lows it's developmental and i would think it's one to, again, embrace on the long side. >> thanks to karen finerman, bonowin, carter worth. we'll have more obviously throughout the course of the summer that does it for us. we'll have another supersized edition of "fast money." "shark tank" is coming up after this as business moves forward, we're all changing the way things get done. like how we redefine collaboration... how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely on the people and the network of at&t... to help keep your business connected. find a stock basedtech. on your interests

or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

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