the question is, what's august look like relative to the last quarter? >> the ftse 100 down 1.7% today. not taking part in any of ma melt-up we got into the close. we'll see if the u.s. sentiment can pick up overseas and whether it will continue the nasdaq in particular and u.s. more broadly outperforming. "fast money" starts now. i'm melissa lee and this is "fast money. guy adami, pete najarian, dan nathan and steve grasso. tonight we'll be joined by marco and his provocative prediction about the election what it could mean for your money. we've got a new game we'll see if the traders can keep up. plus, need a vacation? pete has a fast pitch on one travel stock he thinks could get a pop as our leisure habits

shift. we've got another bonus hour of "fast money" tonight at 6:00 where we will be answering all of your burning trading questions. if you've got one, tweet us @cnbcfastmoney. we start off with zoom zoom shares staged a gigantic really its 40% jump today now gives ut a market cap bigger than lowe's, ibm and citigroup. it is about 3/4 of the size of cisco, which of course is a similar product and 83 times the revenue. what do you make of this giant move today >> it's pretty incredible. i don't know how often we've seen a stock that's jumped by 40% in a single day. but it ran into earnings we've seen nothing but bullish paper in here for the entire year the interesting thing is when you look at the numbers, yes, the numbers were astounding.

when you look at the revenue and the earnings beat, it's incredible what stands out for me is i look at this company. you just wonder, there's not a short squeeze going on here. it's not a very large short position i think this is just an amazing stock. people look at this stock and they think to themselves, is this stock going to be around after the pandemic, and i think so far people are thinking, yes, and it is a verb for all those reasons, this is a stock that people better be careful of, because i don't think you want to short this name still. >> the short interest is just over 5%. dan, you know, this is an amazing company. yes, the cfo on the call, though, did say sequential revenue growth would be down fourth quarter analysts saying that is too conservative it is amazing what the analyst community and investors are

looking past at thispoint even with this giant run. >> decelerating from 350% year over year revenue growth is pretty much a certain. but i think, more importantly, it's the period over period, the quarter 1 to quarter 2, 100% this caught a lot of people off guard. even with the high expectation, the stock was trading off all-time highs the company's guidance for full-year revenue places it at a place where it's just not moving the needle for some of its big competitors. they have a far superior product to microsoft, cisco and google at some point, the landscape is going to change. the demand pulled forward in such a short period of time. it's going to change and the stock is not going to be able to row into this evaluation because they have pulled forward so much. that would be the only risk here when you see a stock going up

25% and closing on the dead high of the day having a market cap of $130 billion, you know, you're saying to yourself this is a full-blown mania. this is not about zoom and their ability to capture market share or win the pandemic, as some people like to say this is a market mania we saw it last week with salesforce salesforce also gained 25% that was about $40 billion in market cap there's a massive fomo trade going on here. you'd be crazy to try to short it. >> one thing that jumped out is growth in the customers with fewer than ten employees that was up 762% smaller businesses becoming a bigger part of zoom's mix here if you believe there's any uncertainty about the economy, these are the customers that might churn out of zoom. >> no question pete said it zoom has become a verb it's become the same way netflix has become part of the

vernacular in this country that's a very powerful thing to have behind you. i totally agree, this move yesterday, obviously and today took me by surprise. i didn't see this coming at all. as a matter of fact, i thought that post market move yesterday was the move to take profits into that proved to be wrong. just in terms of what's in the stock, it is now effectively the size of texas instruments. you're talking about a company -- i understand the growth i get all the metrics. but they're still going to be less than $3 billion in revenue. they're now significantly larger than boeing. i'm not comparing the businesses by any stretch, but just for comparison on the revenue side of things, boeing is going to probably have $75 billion or so in revenue so you have to ask yourself at what point all this growth priced in. i have to believe we're getting pretty close. >> i think this all boils down

to whether or not you believe there are the fundamentals to back these amazing stock runs or if it's all momentum what do you say specifically about zoom's run >> there's no fundamentals that could back up. i get the whole thing, but when you look at the rsi it's got a reading of 88. it's a flag pole right now when pete talked about short interest, this stock will be shorted. so now dan has said you don't want to short it i totally get that too but since one looks like an option to me on the world never getting any better and to your point, the metric you just used that it's employees under ten. i mean, why are they not facetiming at that point with three or four? why are they not using other

competitors? i can't see this being a sustainable revenue stream going forward. this just speaks to how much the investment community was caught off sides. remember when the stock came out, melissa, we around the desk started talking about the limited amount of customers that they had and that it wasn't going to be a viable business. that blew out the doors. i don't see it shorted tomorrow, but i think the day is near. this is a sign of the top in the market, in my opinion. >> we were talking about the potential competitors, right we were talking about microsoft and google, i mean, all these various ones why with zoom? and yet here we are. >> it's very simple. it's just a far superior product with far superior user interface. there's a reason people aren't facetiming it's not as stable you can't plan the meeting, you

can't record them, you can't have the security. schools are adopting the heck out of it. i think what you're going to see is you might have a stickiness for this product for some of the free users which really is a lot of cost for them if you can't convert them you may have some churn in some of those small businesses that don't survive. when you think about cisco, the founder of this company came from cisco he ran the web x product he left cisco because he thought it sucked. he built a far superior product. cisco is going to have $49 billion in revenue less than 10% of that revenue comes from their collaboration division at some point they're going to have to get serious about this and take zoom on that's the only division they have any growth in their company. maybe you see them trying to spin out that division and unlock some shareholder value. when you see this company have 75% of the market cap of cisco,

a 20 thcompany that has 20 x one amount of sales, you have to say what the heck is cisco doing here >> can you say that on tv? >> heck? >> exactly check out shares of walmart surging after walmart plus the annual membership will cost customers 98 bucks per year. they can skip the line when you go in the store. the subscription service will launch september 15th. guy, as you know, when walmart first announced this, it had a huge pop every single detail after that it kept getting pops on basically the same news. here we are today at 147 and change what do you think of this run? >> can you imagine if they announced a three-for-one split? >> that could be tonight you don't know.

>> i get the walmart plus thing. kudos to both tim and karen that have been talking about the revaluation in this stock. i think the tiktok news, to me, is far more important. i get walmart plus is a big deal, but i think that tiktok news is going to get the revalue in terms of wmt shares i said it earlier this week. i think you're going to start to see analysts come out if and when this microsoft/walmart/tiktok deal happens. you'll see the stock at between $180-200 this is not your grandfather's walmart anymore. >> pete, what do you say >> i agree with guy. when you look at their digital and the delivery with walmart plus, it's interesting, because

this is a company whose e-commerce already has a growth rate of 97%. it's feeding into the animal from a derivative market perspective, they have been buying in walmart just consistently and consistently coming back. it's very, very short-term expecting very violent moves like we saw today, as a matter of fact. it got up to 149 they were buying the 150 strike calls. i think the p.e. level feels a little bit stretched but i'm probably wrong there too because of the fact when i look at their p.e. trading in the mid to upper 20s, maybe that's low because of considering what might this company be in the future, especially if you have this subscription business and anything to do with tiktok, to guy's point, maybe it's $180 name this is encouraging news

from the research firm auto data it says that the sales rate for the month of august was 15.12 million vehicles that is down 11% compared to the same month last year but the significance here is that this is the first time that the pace of sales for any month has topped 15 million since february that's a little higher than people were expecting for august but again 15.12 million is the pace of sales for the month of august >> so the pace of sales is back to prepandemic levels, is that correct? >> not quite down anywhere between 10-15% but this is the highest we've seen since february. >> steve grasso, is there a trade in these auto stocks or no thanks >> ford is down 26%, gm is down

18%. i think the trade in the autos is unfortunately still tesla everything that sparks a buy in this space revolves around electric gm had a couple of headlines revolving around electric. that's what caused the jump. if you had to go with one, if this is a would you rather, it would be gm for me other than that, i think unfortunately you're going to have to start nibbling away at tesla raising money again, diluting shareholder value i think you're going to have to dip your foot in tesla eventually but just think about what phil said this is the first time we're starting to see an uptick in car sales. when the economy starts doing better, you're going to see people jumping on subways again and trains again i don't know when that's going to take place but i think we pulled forward a lot of demand

in the auto. we have breaking news on the eviction moratorium. diana? >> reporter: we're just getting on a treasury call where they're announcing they're extending the federal eviction moratorium that expired on july 24th through the end of this year they're actually using an order from the cdc which is saying that it's no longer healthy to evict anyone from a residential property under the cdc rule just posted, it says under this order a landlord, owner of a residential property or other person with a legal right to pursue eviction should not evict any covered person from any residential property in any jurisdiction in which this order applies during the effective period of the order. we do know that 30 states do not have any more eviction protections right now. most of them have expired. other states have some, new york, california, et cetera. but this essentially puts the

eviction extension on that moratorium through the end of the year we're still getting details on this it appears it would cover most if not all properties. they're using money from hud in order to help landlords to get through this because obviously landlords have to pay their expenses on these properties even if they're not getting rent they are talking on the call now what kind of renter could be covered. it appears under this cdc order that it is wide ranging and most people would be covered at least through the end of this year on the eviction moratorium. >> you may not know this at this point with the details so fluid, but with the help to help landlords be commensurate with the help that would keep renters in place and not evicted instead of a wave of evictions we've staved off, are we going to see a wave of foreclosures on properties because landlords can't make those payments? >> right if you're a single family

landlord, which is about 40% of the market, you do have the option to go into the mortgage bailout which is the forbearance program for up to a year on your property under that program, people in those properties cannot be evicted. fhfa has put an extension on that for foreclosures for those properties that would help the single family renters then you look at the multifamily. they have not seen the high rate of tenants not paying that others have. in fact, their payments are pretty high, still around 92% are paying rent. that's not that much lower than a year ago if the two to six unit smaller buildings where you have tenants who are much more lower income who are really getting hit hard by that, they are seeing the high rates of rental delinquencies. they are the ones that are going to need help from the

government >> so simply kaas we look out, m curious what your thoughts are in terms of the pain we're protecting one class but inflicting pain on the other and in the end, it's all pain on the economy. >> we do have to balance a lot of this out. obviously there's been trillions of dollars thrown at the economic effects of this pandemic it does need to be equalized we need to protect our most vulnerable citizens but also protect the people who have the loans on those businesses. they face foreclosure too. i think we're going to need to see some more conversation on fiscal stimulus. that's how this economic recovery gets derailed you used the expression this spring it's kind of a bridge to a vaccine. we don't have any visibility on that, so we're going to continue

to need to pump the fiscal pumps here to keep things going. >> it's a bridge that's getting longer by the day. to think that this moratorium goes to the end of the year, yet this is a day where the s&p and the nasdaq have hit new highs. it's just amazing sort of the dichotomy between what the markets are telegraphing and what the economy is. >> yeah. we've talked about that for a while. that chasm continues to grow as i'm listening to diana talk, what struck me is what does this mean for banks, if anything. i'm stating the obvious, but the banks have not traded well wells fargo, for example, around $24. i think the march low was $22. with news like this, that march low comes closer and closer into

the cross-hairs. >> let's get back to some of the soaring stocks in this market. we talked about zoom we talked about walmart. is it momentum, is it fundamentals is it momentum as in mo-mo is it not momentum as in no-mo that is our new game tonight mo-mo or no-mo let's give it a whirl here we have nothing to lose except for some time on the show. we start off with peloton, up 190% this year it's september 1 guy, mo-mo or no-mo?

>> you know i don't understand the game yet you start with me i was going to try to cheat off pete i'll play your reindeer games. i've thought this for a while. i think this is a no-mo. this is a fundamental story. i understand that momentum is behind it so maybe it should be bo-bo, both. but goldman sachs just slapped a $96 price target on it i think their ecosystem is wonderful. i don't think people are going to flee it once the world returns to some semblance of normalcy i think if i'm playing it right, no-mo, mel. >> you are i'm very proud of you, guy i really thought you'd mess that up i was like 99.9% sure and you did well pete, you're next. guy set the bar high we go to docusign, which surged

more than 250% this year in terms of this stock, no-mo or mo-mo? >> i think it's a no-mo, mel this is another one of these names in terms of this is almost going to be a verb i think this is something that's going to stick for a while i do think we are going to see a lot of changes i think we'll have people return to offices, no doubt in my mind. but at the same numbers? probably not i think there's a lot of opportunity here in terms of this company can continue to grow and as they grow, i think you're going to see that business absolutely explode to the upside i think in this case it's not just momentum. i think it's sustainable so i'm going to put it in the no-mo

catego category. >> netflix now offering some content to non-subscribers is this no-mo or mo-mo >> i think this is no-mo this is a company whose prime product was facing a lot of competition pre-pandemic the north american subs had started to decline a little bit. i think their ability to kind of introduce their product to billions of people stuck at home has been a great thing it's a new sign of life. at the end of the day, the stock's been surging over the last couple days a lot of this news is in the stock. at some point, these valuations will need to correct at some point. it's going to be very painful if you're the last one in buying that all-time high spike obviously netflix is a company that is going to be navigating this environment when things decelerate a little bit over the next couple of years this is a no-mo for me >> nvidia surging more than 130%

this year. just introducing new graphics chips. is this all momentum or fundamental, steve >> i'm going to say it's a no-mo stock on this one. if you look at the rsi, as the mo-mo because it's got a reading of 88. you have to look at it out of two sides of the equation here gaming is 50% of their revenue data centers is 25% of the revenue. those two aren't going anywhere. they're big in artificial reality, artificial intelligence they're also big in driverless cars, autonomous drive that's where the fundamentals kind of meet the road, so to speak. if the market comes in, which i think it will, all of these names will come in, but this one i think is built on fundamentals that are solid which makes it a

no-mo. coming up, is your portfolio prepped for the november election first, a rumble down under a battle brewing between stlianfabook

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welcome back to "fast money. check out facebook shares jumping today despite another threat of regulation this time it's australia that's looking to crack down on the social media giant julia boorstin has the latest. >> facebook is threatening to prevent its australian users from sharing news in the news

feed if a proposed law is passed that would force facebook to pay publishers for articles. an arbitration panel will decide how much technology companies must pay publishers, if facebook says would be unfair, effectively allowing publishers to charge whatever price they want with the government enforcing that pricing facebook telling us, quote, this is not our first choice. it is our last, but it is the only way to protect against an outcome that defies logic and will hurt, not help, the long-term vibrancy of australia's news and media sector the australian government saying of this proposal, quote, the code simply aims to bring fairness and transparency to facebook and google's relationships with australian news media businesses

facebook saying it already invests millions of dollars in the australian news business and it offered to invest more onando bring to australia facebook news, a service where it pays publishers for their content >> if the publishers win this, could this be extrapolated to other countries? >> i think that something like this has been proposed in europe it has not taken off there so if this did happen, it would be pretty dramatic facebook is saying they don't expect this to have a ripple effect around the world, but facebook is already facing so much regulation. it's certainly one more area where they don't want to have a government body overseeing them. >> pete najarian, what do you think? yet another thing for facebook to contend with. >> yeah, which is unbelievable, and yet i think zuckerberg is up

for the challenge. every time everybody wants to say, you know, how are you going to do this, he just manages his way through it once again. he's got an incredible thing of moving his way through things, including his acquisitions he has made that's been something that's been very, very powerful this guy's made 80-plus acquisitions over the last six or seven years it's incredible. i think he'll be able to navigate through this as well just because he's done so well before with the u.s. government and oversees he seems to have this knack for doing what he needs to do and execute the way he wants to execute. i own facebook this does not even give me a pause at all i think he's going to handle this very well. >> since cambridge analytica, facebook has gotten the handle on how to deal with these sorts of issues in regulation, it seems. >> no doubt. you go back to june.

the stock was making an all-time high of 245 or so. all those people were going to pull advertising i remember saying you've got to be careful here, there could be a bit of a downdraft that did happen. but june 26th proctor & gamble announced they were going to pull ever since that day, i've said i don't like facebook for a myriad of reasons, but you have to own the stock, because to pete's point, they seem to be teflon here and the stock continues to grind higher the one existential risk in my opinion continues to be the potential for them to fall under the auspices of esg investing. short of that, this thing seems to be unstoppable. >> it's got reels, the competitor to tiktok it's got shops the chinese government might have to also approve the deal

which could really hold things up here which could be bad news for facebook >> it could be i think that tiktok has the secret sauce there i don't think they're going to have a forced deal i think you may have an announced deal, but i don't think it actually goes through i think tiktok continues to see what it looks like in our country, what the atmosphere is for this sort of product here owned by a chinese firm. i think they're going to be a formidable competitor. i don't think reels is at all catching on. trust me, i have two teenage daughters. i don't think they've heard the word reels tiktok is here to stay i think it's interesting that snap chap has been the one that's really kind of chilled out here since the tiktok states have been going here we know what facebook was able to do when they wanted to focus on their product one way or another, but i don't think it's

going to have the same effect on tiktok facebook stock is up 30% since they reported earnings they keep surging higher it's part of a mania it's not really reflective versus some sort of fundamental thing going on that's different than three months or six months ago. i'm a little bit more cautious on these names here. >> tim grasso, would you rather, facebook or snap >> facebook. what shareholders are focused on is that just under $70 billion in revenue that comes from advertising. that boycott that guy spoke about a couple of months ago, shareholders knew it was going to be transitory because you only have one or two areas you have to be in, with google, facebook or amazon and facebook has reaped the benefits of that i would stay in it if i'm a shareholder. >> we have a lot more "fast money" coming up here's a little taste of what is

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welcome back to "fast money. treasury secretary steven mnuchin testifying on capitol hill as lawmakers try to come to an agreement for a relief package. >> democrats accuse the treasury

secretary of bragging about the current state of the economy they also warned about the potential for a k-shaped recovery in which the wealthy bounce back quickly, but low income households get left behind the treasury secretary fired back and said he's willing to talk about targeted relief measures he laid out several areas of bipartisan agreement including more money for schools, direct checks, as well as more money for the postal service where they disagree, he said, is over the dollar amount but he said he's still willing to keep negotiating. >> i would publicly say i am willing to sit down at the negotiating table with the speaker with no conditions whatsoever any time other than i think the chair expects to hear for a bit longer. >> so you want to go back in and try to get back in as soon as possible even today? >> can i tell her that you suggested i call her right after the hearing? >> yes >> i will call her right after the hearing.

>> melissa, i have reached out to house speaker nancy pelosi's office to see if indeed she did get a call from the treasury secretary. i will let you know if and when i hear from them >> elon moi in washington. jp morgan is seeing a trend in the betting market that suggests investors should position for rising odds of a trump reelection marco, always great to have you with us. aside from the betting market, is this, in your view, what is driving the s&p and the nasdaq to record highs? >> no, i don't think that's what's driving the market. you know, what is driving the market now is really what we are seeing, this like exponential rise of nasdaq or technology stocks there's a bit of a frenzy for

buying the upside options. that, i think, is the primary driver the development around the betting pools i think is not yet reflective in the market we think the impacts would be more on a relative basis, relative performance of cyclicals maybe, value versus growth. >> that does not support the current market that we're in necessarily in terms of the groups that have gone higher and led this market to new highs. >> that's what we think. you know, if you look at the last few weeks and last few days, it's really technology and momentum stocks that are driving the market higher. we would like to see a bit of a broadening of leadership we would like to see cyclicals, we would like to see value stocks actually participate a bit more in this tech-driven rally. >> so when you say the markets aren't pri aren't pricing in a trump

reelection, are they pricing a biden election then? >> there was a bit of a dynamic in july biden's odds were pretty high, about 25 points above trump. that was basically pricing sort of low yields, the technology was doing pretty well on the expectation of basically longer lockdowns and potentially a growth environment what has been happening in the last few weeks, the trump betting odd has been increasing steadily now they're about tied, maybe one point behind in the betting markets. we would expect actually some rotation toward cyclicals, towards financials, energy stocks we expected that and we didn't really see it.

so we think the market is not yet reflecting these polls polls can change, but we think the market is not pricing them now. >> if there is this rotation that's going to happen, it sounds like the markets could be in a grind is that why you're neutral here? >> exactly we are neutral nasdaq rallied tremendously. you know our price target was $34 3400 back in march and april so we're i don't want to say surprised by the strength of the rally, but the market is a little bit above our target. we would like to see more stocks participate in rallies rather than these tech stocks that's why we are a bit neutral in the sense that we think market could be a little bit

range bound. obviously the risk around the elections is going to play some role over the next 70 days may >> thanks so much for your time. >> thank you >> grasso, you've positioned for this already is it for the same thinking, or is it just the sheer fact you think tech is too expensive? >> i think tech is too expensive. we're way too far out of the election to start trading off of that we're still trading off the vaccine, we're still trading off the fed. when you look at that value versus growth and that rotation into value, that started to happen right before apple came out and announced their split. then tesla piggybacked it. i think for a large portion of this last runup, it was apple

and tesla. i think now you're going to start to see the air come out of the market just a bit. i'm long oln and wrk for exactly the reason marco just stated where is the 30-50 upside coming from i can't see it coming from tech. you have to start at a certain point to buck the trend and say, okay, listen, we all get the growth thing we all understand that everyone is crowded into six to the names or even 50 names but at the end of the day you have to decide even if the economy doesn't rebound as fast as we think, where are you going to put money for the next 30-50% that is going to be in value stocks. >> whatever the catalyst ends up being and it could be the market pricing in a trump reelection and therefore sparks this rally back into cyclical stocks, guy whatever that is, though, will catch a lot of investors off

sides. >> yeah. it probably comes in the form of banks for a number of different reasons. although i still think banks are challenged, the interesting thing, president trump said it when he first took office, you know, the report card for my administration will be the stock market under that very finite definition, he gets an a-plus clearly because here we are. he will run on that absolutely the higher the market goes, i think the more chance he has to get reelected. and the more chance he has to get reelected, the higher the market goes. that's the cycle we seem to be in right now. we are sending him to the pitcher's mound. plus, we have a ecspial bonus hour of "fast" for you in san diego, california. we've had a ton of obstacles in finding ways to be more sustainable for a big company.

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summer may be winding down but pete says there's still time to set up camp with one stock. pete, take it away. >> i'm going to give you camping world, mel this one i really like the ceo is also the chairman of this company he's done a magnificent job in how he's run his business. what's interesting to me is the stock got all the way up to 42 it took a hit in early august. who stepped up to the plate has been nothing but marcus lamonas. he has bought significant amounts of shares since august 10th it's been an unbelievable thing

to watch i love to see when a ceo is doing that with their own company. i really respect him for putting his money where his mouth is he's been buying call at 29 and 33 which is pretty impressive. the revenues are very strong they have a great liquidity position and great cash flow fundamentally i really like it it's trading in the mid teens. the last thing i'd like to talk about is the growth. they have tremendous growth here and their margins are strong this is a company i think has a lot of upside. >> time for questions here from the panel. steve grasso has a question for pete steve? >> so pete, if i were to chart this, first of all you already addressed the issue that it looks like it's running out of momentum backing off from that 42 price level if i start to chart the airlines against this stock, for the

obvious reasons, this stock benefitted so much from the closure of the economy and no one flying anywhere. but once a vaccine comes about, does that make you worry that other forms of transportation and vacation are going to come back onto this detriment of this stock? >> i think it would be a little bit of a concern, steve. but i think also when you're looking at this company, i have to analyze a lot of different aspects of it. they've taken market share they have inventories down significantly, about 30% that speaks for itself in terms of the management. i think the company is doing everything right the used market really has my excited as well. >> the used rv market? >> yes. >> maybe people will experience this, steve, and decide they love camping and want to camp again and again and prefer camping over a resort. i guess we'll have to see. are you buying pete's pitch on camping world?

guy adami? >> you're in my head what does that say i've got to tell you something i'm with pedro >> dan nathan? >> pete made a great pitch i'm a seller here. i see what steve sees as far as the momentum this company lost money last year they have a huge pile of debt that's greater than their market cap here i see q-2 2020 is as good as it gets for these guys in the near term. >> steve >> i'm going to buy it because it's brother pete, but i had to talk myself into this. there's no doubt in my mind i don't want to be anywhere near a

used rv. you know how i am with germs and cleanliness. if it doesn't hold just shy of maybe 5% lower from here, i think you've got to bail. >> nothing some clorox wipes can't solve. we want to see what you are doing. are you pbuying or selling camping world? woman: my reputation was trashed online. i felt completely helpless. my entire career and business were in jeopardy.

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welcome back to "fast money. it's already been a huge money for software earnings. crowdstrike reports tomorrow mike khouw has the action. mike >> so crowdstrike traded more than two times the average daily options by mid-morning, more than seven times by the end of the day. buyers of the 150 call bet that the move is going to be on the upside >> thanks for that, mike f still ahead, we are moments away from revealing the results of pete's fast pitch ♪ ♪

♪ ♪ ♪ ♪ ♪

♪ if i could, baby i'd ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way

your wireless. your rules. only with xfinity mobile. time to find out if viewers are buying pete's fast pitch it looks like, nope, you're going camping alone, pete, the

viewers not buying your pitch. time for the final trade let's go around the horn steve grasso >> seonos >> pete? >> zillow is going right up at the highs. i think it's going to break through. >> dan nathan? >> that auto break-in by phil lebeau, i think auto nation is the way to go. >> guy, this is your ring tone, right? >> what holiday is steve talking about? arbor day or something nike, mel. just do it, break it out to the upside that does it for us. do not go anywhere we have a bonus hour of "total request fast" right after this break.

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hey, there bonus hour of "total request fast money. jim cramer is off. we're answering questions about hot stocks you're trading right now. that's right, we want to hear from you tweet us arth@cnbcfastmoney in the queue tonight, start with the social media giant facebook under scrutiny in the land down under and over, under and

beyond beyond meat had its share of highs and lows one of you want to know if there is still sizzle left in this quote unquote steak. if you had enough of feeds, we'll help you work off the excess baggage with a spin of peloton stock. let get to the question on facebook from sean on rhode island. >> good afternoon, "fast money." thank you for having me. i have a question on facebook. it's a stock you should hold long term and is it a stock with a lot of room to run look forward to your answer. thank you for having me. >> thanks for sending your question guy, what do you tell him? >> my man sean stay with it we said this for awhile. i know you're a "fast money" fan, in the middle of june when this was going through down times after people pulled advertising, the stock traded to 207 and reverse closed higher and that was the stocks going to make new all-time highs and that's what has taken place. i didn't think we'd get to 300

but here we are. i don't like facebook. i don't like the platform. there is nothing better i like than the stock stay with it. >> do you agree? >> yeah, i agree when you talk about holding things long term, it's about a growth story from free cash flow to revenue generation, they have indeed that so i'm holding it. >> dan nathan? you agree with these guys? >> well, it's interesting. you know, when you think about the fang names and valuation of facebook, it's far more reasonable than mega cap tech counter parts. the stock performed well what is really different about versus them is that their earnings and sales are expected to decline this year over year you're starting to see expectations for next year kind of pick up a little bit. so the stock seems fairly valued if you own it, you continue to own it here but i think guy's point is really interesting. when that stock dipped down to 207, then it kind of found a range back near the prior highs and consolidated a little bit. so i think those are the

opportunities that you have to kind of buy into a story that you want to hold long term you want to buy it, i think, on dips you don't want to buy breakouts like we had now. this stock has gone from, what, 240 to 300 in a straight line in five weeks to me, i'm not adding here but look for opportunities to add on dips. >> guy is patiently raising his hand why are you raising your hand? >> i love sean's question but dawned on me, you're a famous person, mel. i had the great honor of working with you north of 11 years if i go to the facebook application, can i find a fan page for melissa lee sean would like to know, as well. >> i don't think so. are you going to create one. >> we'll start one on the break. >> maybe not. >> you mentioned long term but question that sean had posed was short term let's say the next one year, two years or so. would the answer be different?

>> no, but i would put it in a stock or buy option nal tty thee the tech stocks had a tremendous run. it not about my view on the stock necessarily but prudent risk management. in the times that are wrong that i try to keep 49% or lower as often as i'm wrong, when i'm a prudent risk manager, i continue to stay in the black short term put in a stop if you get taken out as dan and other guys have said, you can buy the dip. >> let's get to the next question on beyond meat. was all the rage not too long a ago. share haves taken a dive let's hear your concerns on the stock. laurens in illinois got this question. >> hi, this is lorenz, and i'm wondering your thoughts on beyond meat. do you think it will get back to the 52-week high and if so, when thank you, have a good day, bye. >> dan, what do you tell lorenz

in illinois? >> you know, i think if our producers can pull up a chart of this thing here, i can't see it. you see the stock is consolidating here it got a nice pop last week after that announcement. i look at a company like this. it's a concept company, right? obviously they have sells and earnings and an $8 billion market cap but make new announcements where their product might go and good news this is a trend. i won't eat this stuff but other people will and i think that the more appetizing they can make it, it's almost like an rnd situation. any good news, you have a stock back up near the highs it was about 180 and the all-time high is 245 from 2019 when this thing was all the rage. >> i mean, the argument here is there is so much, so many competitors on the market now and it's not just impossible there is the incognito apparently that is coming out on the market how do you feel about beyond

>> the fact it gets back to an all-time high or recent high before there is a chance for pull back. if you think about the corporate structure and what they do, their distribution channels. they have been a food service business that's recently pivoted to an online presence, direct consumer and retail and while i give them credit for making the transition through the situation, i'm waiting to see a pickup in restaurants, things of that nature, other large food service companies. >> there is only so many value packs the adomi house hold will purchase at any one time, guy? >> lorenz, look, i'm throwing this out there you wonder if you're getting the munchies later thinking of beyond as an investment vehicle but have the late night craving satisfied, shall i say

with that said, you know that i've said for a long time this does terrible things to my constitution i totally get it. >> i don't want to hear it. >> i like the stock. we were talking about $85. i said it will probably race up to 135 citi raised to 141 you can hold this. it's going to make a run towards the levels we saw just a month or so ago. i don't think it's getting to the levels that dan sided but 160 or so could be in the cards for sure, mel. >> at least one of you out there, at least one is watching this show while you're working out in your home gym let's hear from kyle in new jersey. >> hey, "fast money" team with home exercise exploding at home and people not returning to the gyms, what's your thoughts on peloton? appreciate it. >> kyle gets bonus points for a super cute kid

what do you tell him >> the price action of this stock a week ago, maybe a little longer i think this pulled back to about 68, 67 it's made tremendous run back up towards that $94 price target goldman put out. trading mid 80s at the current levels if you're really, again, breaking it down like we have seen a trend away from gyms, although there will be some reopening, i think people continue to seek covid as a threat social distancing is still something that's going to be here and i think people have gotten more comfortable. you've seen it in housing. listen, your home is your fortress and where you want to feel comfortable and safe and i think peloton plays into that. if you look into the fact that they're not spending much to add customers along with low turn has again goldman put out, the stock makes sense. i own it and i like it. >> low turn because there is no alternative basically and i think that would be the major

concern on this stock like any of these, you know, wfh stocks like zoom. guy, we played this game mom or nomo in "fast money" tonight meaning momentum driven so not momentum, no mo and what would you say about this one peloton? >> i forgot the rule see, that was like an hour ago and, you know, you get to my age and you forget things, but i think what i said in the 5:00 hour, mel, this was although it's clearly been driven by momentum, there is fundamentals behind this and i'll stand by that i'm a user of the product as are you. dan has the treadmill he traded his bike for a treadmill and i don't think people are going away people have gotten to love the product, love the community and getting the health and fitness world, as well in a major way. i think the stock could absolutely get to the goldman price target we've said it for awhile dennis mortin, i know he's watching he's my guy on peloton

love him. >> i love ali love and emma lovewell what do you say about pton. >> i work out a lot. you guys can tell that listen, it's a great -- >> sorry, did we laugh >> sure. >> wait, wait, what? it's a great product, the low turn because once you have the product, you know, the price point for the reoccurring thing is not that aggressive listen, this stock is up 200%. whatever you think will -- the trend will play into 2021, it's in the stock here. the company loses money. it's obviously the hardware, you know, weighs on the margins about 44% gross margin this is not one i think you buy right here but clearly a trading vehicle and people are trading the heck out of it sorry, mel, if i used the word again, heck. it not for me here you know, at the end -- i'll make one other point, when you have these bikes or these treadmills and you have that huge screen, you say to yourself, what kind of company

would want you captive on that thing for 30 or 40 minutes, maybe on a day that you're not interested in taking a class so at the right price point, this company is probably fits into like an apple for that kind of data capture as it relates to health and also, for viewing content that sort of thing to me, i think this is something that you're going to see a lot of other big data companies interested. >> you're saying apple could buy them >> yeah, why not you remember before tesla became a $450 billion market cap company and people thought apple should buy tesla it's a pretty captive audience when you have somebody on one of those. >> we're just getting started on "total request fast money. you ask, we answer we'll kick the tires and answer to fires. are these pretzels making you thirsty? a check following date by

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welcome back to "total request fast money." l let's get to noah in alabama. >> what is up "fast money" noah from alabama. my question is about rkt they had their ipo roughly a month ago at $18 and now comfortably trading above $29. they have the first report tomorrow and i have a strong outlook for this company because of their strong leadership and because they symbolfy first time home buying. tell me what is your out look for rocket companies ticker symbol rkt

>> guy, what do you tell noah aside from roll tide >> roll tide absolutely i know you're a big university of georgia -- alabama -- was he from alabama >> alabama. >> oh. again, i'm getting -- it's a long day for e i love -- listen, huge -- you're a big fan of the tide, as well, aren't you, mel? >> yeah. >> a lot of people don't know that with that said, the man who usually occupies this time slot jim cramer has been all over this good for j.c the stock has legs but, you know, you look at the analyst with price targets from 25 to 31 the smart thing probably to do in a short term is take some money off the table. the $100 players are riding this post owneriearnings great company. you have to take a little money off the table. >> if you like housing, do you have to like rocket? >> i do like housing i don't think i necessarily have to like rocket they are coming out with the

first publicly reported earnings, right? i need to see -- i need to drill down into the earnings, where it's coming from and channels and margins before i form like a very opinioned opinion i'll probably pause here the price targets are in line. i'm in wait and see mode. >> dan, what do you say? >> you know somebody who does have opinionated a pinions is this guy here. i think that you can defer to cramer on this one here. you know, this stock, he's been riding -- listen, here is the thing about the first report out of the gate since the ipo. usually the companies were on the road talking to investors. they won't diverse much from what they said during their road show i would expect this to be better than expected. they probably left something in the tank here and then you probably ride this one as long as that home data continues to improve. the other thing i'll mention is that, you know, our main man

from alabama said this made his life simpler using it and that's a good endorsement to me, this thing probably breaks out with higher highs here. >> knnoah, you have your answer let's take a question from jay in texas on this company. >> first off, thanks for having me on. the question i wanted to ask today was where do you see the company utz both long term and short term after the resent merger from what i can see, i feel like this is a company you do want your money >> dan, what do you tell jay >> so jealous. i love potato chips. >> sorry you're coming to me? >> yes. >> this rocketed out of the gate they are all the rage here this is a cheap stock here, i think, and i think that's a reason you saw this go from 14 up to 18 in a straight line in

the last week so to me, they have really good growth as a profitable company and able to go through this public offering through a spak i like it here i don't like buying things in a straight line but i think because there is so little price discovery on a situation because it came public this way, might want to settle in. >> how do you feel about that? >> i try to stay away from potato chips because if i even sniff them, i put on five pounds i will say these spaks are all the rage long-standing family on business i just think this is a trading phenomenon we've seen people at home snacking you have nothing better else to do but snack and drink the selzers and you look to own,

trade and get back in once you talked about how they distribute nationally and internationally and what growth engines might go forward. >> guy, quick, favorite flavor of potato chip >> barbecue. >> i knew it. >> come on. >> i did. >> of course you did. >> what do you feel about us [ laughter ] >> with these guys, they nailed it down. this is one you probably want to hold on to for the long term it's probably got legs if you want a great sandwich, go buy yourself a roast beef wedge with provolene cheese and eat it fantastic. if you really want to get crazy. you get a peach snapple along with it and then you're golden the more you know. >> i would take a peach iced tea but yes, i would definitely go in on that order city a lstill a lot more toe literally holds the phone,

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and then found the home of my dreams. but my home of my dreams needed some work sofi was the first lender that even offered a personal loan. i didn't even know that was an option.

the personal loan let us renovate our single family house into a multi-unit home. and i get to live in this beautiful house with this beautiful kitchen and it's all thanks to sofi. welcome back this is a bonus "total request" hour let take a question from zack in texas. >> this is zack estrada from houston, texas what are y'all's opinions on at&t it's been around $30 and every time it gets above $30, it drops. i hear they are doing stuff with direct tv as far as selling it i heard it's in for the long run but what do y'all think? do you think it would get up to $60 a share? let me know. >> bonowin, what do you think? >> $60 a share

speaking of opinionated opinions, i have one the stock hasn't participated. ultimately, i don't think it's a winning business model to be purchasing assets at x, selling assets at fractions of x that's currently the business model that they're undertaking what i need to see is a consistent structure plan from management in terms of how they right the ship here particularly when you think about netflix, disney plus and streaming services i got to see them right the ship here i'm not touching it. >> are you as down beat an t guy as bonowin is? >> if you look, john legere is kicking everyone's rear end. they have a balance sheet we've been talking about forever and the greatest stock market in the history of man kind and the stock can't get over $30 i take it to 32 before 60 is sky stuff. i dig zack love the name zack mayo if you

recall i know you do an officer and gentleman. i'm not digging at&t here. >> i don't think i've ever seen that movie. >> oh my god. >> sorry i'm behind on movies in general. dan? >> you know, i like what these guys are doing here. guy is right they do have a balance sheet problem. they have a ton of debt. that's why they are looking to sell die re direct tv if lower n they bought it they are coming to the conclusion that is not a business they want to be in. would you rather them sit with it and let it bleed out? i don't think so so i think if they can sell that, pay down some debt, then you have a situation where this company's evaluation can expand a bit and focus on that timewarner content integration with their delivery mechanisms that are working that is a utility that's wireless and then last point, it pays a 7% dividend yield if you look at the stock at 29.5 and don't think there is any risk to the dividend and you

think of anything that they are able to pay down with the direct tv sell, i don't think it gets to 60 but can get to 40 over the next year. this is probably a descent value play. >> all right let stick with telecom jacob in georgia has a question on america tower. >> what's going on cnbc? minutes off the compass of university of georgia. for a long time my thesis they taught domestic market share and the best business company in my opinion for the rollout on 5 g the ability of holding the stock, thanks. >> what do you tell jacob? >> it's the right play stay with it it had a pull back j.m. morgan initiated neutral. that shouldn't scare you away. you had pull backs before. it's done, you know, three steps higher, two steps lower and as great dennis would say, this stock has gone from the lower

left to the upper right for quite sometime you stay with the names probably getting a tad expensive valuation-wise trading 28 times next year's numbers. this is one you put in the drawer as brian kelly would say and hold it for the long time. >> bonowin >> long term is still lower left, top right. i think it's been challenged as of late. i don't like the way this is trading. priced to ffo, priced to earnings all those met tricks look rics expensive. wait for a pull back, add it and stick it in the drawer and lock it so you don't sell it. >> dan >> well, that was really descriptive. i don't know what is going over there in your quarantine maybe we'll save that for the commercial break i think the viewer had it right. this is a really good way to play 5 g without kind of trying to play it apple upgrade cycle

or things that have run and that kind of really reflected that valuation like guy said, it's not a cheap stock. the growth is not over the top i think we're talking about single digits earnings in sales growth but i think it's probably a good play if you think there is going to be a big 5 g upgrade cycle over the next year. >> all right let's get to the third david in kentucky who is wondering about nokia. >> hi, this is david from kentucky thank you for taking the time to answer my question about the nokia company. over the past six months, they had nothing but good news. they had several exclusive contracts with the 5 g rollout technology with several countries and won several court cases and have a brand-new ceo they had higher than expected earnings in the last earning call most analysts are saying it should be a 10 or $12 stock but for some reason, the stock keeps going down the past couple days it lost most of its value it's gained over the past six months

maybe you guys can shed light on it >> dan, can you offer help >> yeah, i mean, listen, there is a couple ways to think about this again, just like the american tower, you know, this is a play on 5 g it's also in the cross hairs of the situation globally they should benefit from any clamp down on waway and ability to sell hardware and services in europe and other parts of the world. to me, i get it. i think this company has a pretty checkered past. i think the positives you mentioned are pretty well-known. i would just say this, is that look at that gap from last year when it went below four. i don't think you want to own below that if you buy it here and look for a move into your end, you look for a play as it relates to 5 g. you want to use a 4 stop to the downside. >> i feel like this is a tim

name. >> there is an ambassador. with that said, everything that he just mentioned, that's probably why the stock went from $2.30 to $5. you wonder at what point does this tap out if you go back and look, this is where the stock broke down from in october and it makes sense that it's failing here now i don't know if it's getting back to the 10 to $12 level. to dan's point, i would rather look for a pull back to $4 and reinstate a long position. >> last word, bonowin. >> dan pointed out points was it about nokia or waway the last earnings call flipped the cash flow story and that's the one i'm watching i like the way that is trending, i'm looking to buy a pull back. >> let's go from telecom to semi conductor stocks here is my next question i got into mr around $50 since the memory chips have dropped

and stand to lose 10% of revenue. do i sell? guy? >> no, i think you got to stay with it now. i think the obviously the pain point was a couple months ago. my concern always with micron is it going to be commodity i think they got themselves over that it looked like they did for awhile but are back in it. at these levels you have to sort of suck it up and hold it, unfortunately. >> yeah, bonowin, what do you think? >> same with a quick stop. no need to hold on to your losers. >> dan >> well, guy, let me fill you in on something their product is commoditized and that's an issue now. they are facing a lot of pricing pressure it's not going their way i was shocked in mid june when the company reported it was a great quarter and great things to say about the channels they sell into the data center and the hand set upgrade cycle but the stock has acted horrible

it's relative performance, the etf and track is just disgusting and trading multi year lows. i feel like something awful is coming here and i think back to last month and i look at what western digital which owns them and what they had to say and the stock acted acted horrible. it's a value trap. you don't want to be there i don't like where they sit in the cycle and it's trading like they are massively come mod i l. >> he schooled you, guy. >> he always does. dan loves to -- when we used to sit next to each other, he would hit me and make faces at me. it safer in this world where i don't have to get, you know, accosted on the desk. >> verbally. >> i would say that august 21st move, if you go back and look, that to me was a flush out it traded to 41.5, 42 and

bounced from there maybe that terrible -- stop -- day is coming came a couple weeks ago. sorry about that. >> flip and russell aren't behaving tonight. more "total request fast money." the stocks are the name of the game we're happy to be back up to review the rule book find out if one of you wants to know the fed's impact and another of you wants to know traders take on sony and playstation. we'll take it to theexlel tethis nt ve 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.

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welcome back to "total request fast money" where we answer questions on stocks and more including the fed. >> question for guy adomi.

the feds have been pushing liquidity, buying corporate bon bonds. we hear the tremendous liquidity in the market and hence, market is going up so my question is, why are feds still buying corporate bonds and inserting more liquidity in the market thereby creating a bubble. >> i feel like he's asking a rhetorical question in a way, guy, but do you have an answer for him. >> a lot to unravel there. i said this and say it again and i'll tweet it. i happen to think some of the great villains of the 21st sen tourly will be global bankers. they are creating a bubble what are they scared of? i have no idea the day that i took capitalism

in college, they didn't teach that, that that was the fed e's job. the fed's job is table prices and full employment and quite frankly, the prices are anything but stable i think they're creating a bubble i know their people say that's not correct. i'll stand by my words and i don't know how it helps most people i think it absolutely helps the wealthy and i don't think it really helps the peel on main street maybe i'm wrong, i'm not smart enough to be a central banker but pretty steadfast in my belief. >> on squawk box i ask that question and investors and liquidity is causing the stock market to go higher and what are your thoughts on this issue? it is true that every single invest tore thls toster that cor says you can't fight the fed to much liquidity to fight the

market. >> you can i mean, trying to just give you a logical explanation why there is a big flash back to the meltdown of 2008 and 2009. when they look in the playbook, they say we'll make sure we exhaust every resource possible to ensure that we don't have a repeat now, that was a financial system issue. i think the issues now are very different. nonetheless, i still think they are using similar playbooks. as far as liquidity question is concerned, i think there is liquidity but it's trapped in the top tier names it not trickling down to main street you're seeing an uptick in bankruptcies and foreclosures on the horizon. in fact, now, as of september, you're probably going to see rents take a hit you've seen it in new york no, i don't think it's trickling down into main street and being that's half of our employment, that's a real concern. with that said, because there is no real other alternative,

you're continuing to see that liquidity manifest itself in higher stock market prices. >> the fed always says that it can't do this alone, that it needs fiscal policy also to be supportive so to be fair to the fed, dan, perhaps main street is not seeing enough because government is not acting. >> listen, i think the fed did what they needed to do in february and march and they continued with the messaging i think the idea of expanding this tool kit now and doing what the original question was of buying corporate bonds of a $2.3 trillion market cap company that it's the wealthiest company on the planet that ever existed makes absolutely no sense. and everything that these guys are talking about of how we allocate these dollars, you know, just understand this these are scarce dollars that the fed is printing. not really but they should be, right? the fiscal dollars that are being allocated to this sort of thing. to me, it's absolutely preposterous the idea at this point for them

to continue to do what they're doing is literally inflating a risk asset bubble. i know there is a lot of smart people that app me and dm me and say you're dumb, you don't get it what is going on now in the stock market is not normal it's divorced on main street, heck mail, you get me worked out and it doesn't make any sense. so at some point, they need to kind of normalize their behavior because they are literally promoting some of the worst greed sort of like -- i don't know what to say about it. obviously, i'm disgusted by it but it doesn't make any sense anymore. stop it. >> let's get back to individual stocks now let g let's go to josh in georgia on plug power. >> hey, everybody, this is josh and i'm excited to be calling from the state of georgia today to ask about the long-term viability of plug power. i enjoyed watching the ceo this summer as he was talking about the recent accusations and about how they're implementing

hydrogen fuel cell technology. i wonder if we'll expect large fuel industries to implement this technology in their warehouses and if we can expect the stock to grow steadily and reliably over the next one to five years >> dan, what do you say? >> you know, listen, when i hear about viability and hydro carbon cells, it's a little above my pay grade here when i look at a stock like this up, i don't know, 300% or something, somebody is liking what they're doing here and if you like what the ceo had to say, that's great. a lot of other people did, too i look at their earnings or inability to generate earnings in a single calendar year i think in the last decade and look at the sales growth of maybe, i don't know, 25% over that time period expected to be about 300 million this year. i say is this a widely adopted thing and what is the total addressable market i don't have the answers for that if you're smarter than me and you can figure that out, this is a sort of stock if you look at the chart that you want to buy

on dips. if it has a good management and balance sheet and if there really are coming at a massive, massive market, you want to play early movers in secular shifts like that. >> tesla, neo, nikola, workhorse. i mean, these are just a few of -- in this group that have seen this rise guy ad orami? >> it has a $6 billion market cap. i was slow and steady for a long time but the rise is parabolic. can it maintain this trajectory? i don't think so you've clearly done your work with this and obviously, i'm sure you've done very well with the stock. my sense is just looking at the volume that it's traded the last couple weeks, you're going to have a back and fill i don't know if it gets back down to $9 but i don't think 11 is out of the question if you stomach that move, you

stay with the name. >> the are still to come on "total request" fast money, three, two, one go it's game on for sony and the playstation and later, three, two, one launch. is that a rocket in your portfolio? another query october virgin galactic answers after this

welcome back we're taking your questions here on "total request fast money." let's let's go to jose who has a question on sony. >> i'm jose a work at home dad in california. you guys are always giving me

great information and very funny. my question to you is about sony should i wait until the playstation comes out or should i keep it? i'm a big fan of the playstation and the company so should i sell it when it gets to 90 or hold it forever and maybe give it to my son? all right. have a great one and keep up the great work. >> thanks for the question, jose, bonawyn, what do you say. >> shoutout to my home state this stock had a tremendous run. you've seen it test the 84, $85 level a couple times looking at the balance sheet, free cash flow debt it's a well run company totally manageable what i would do is over write the position and lower my cost basis. that givers you a little more wiggle room to play. >> guy >> i think the growth continues to be in names like electronic arts and take two. if you want to play in the deep

end of the pool, maybe pair that to sony and although take two is at an all-tile lie look at el t electronic arts. sony got it back but might be time to bonawyn's point to take the rip cord here. >> yeah, just looking at the chart over the last five years, it's really a beautiful up trend. you see a series of higher lows and a series of higher highs you know, twice in the last three years there has been 30% peak to trough declines from highs with this massive run. you might get an opportunity to buy lower but until something fund mentally changes and jose likes the playstation or content they make or games, this is probably a name you keep reloading on guy, you know, it's been 40 years since you used to dawn that walkman that you used to walk around in the street with or whatever. they have come along way doing a

lot of good things and definitely been a beneficiary of the work from home that the kids are playing today. >> would you like to defend yourself, guy or move on >> of course, i would. i still have my walkman and during this period, i got my big sony xbr that weighed close to 350 pounds. >> and sony boom box. >> exactly. >> yeah. >> both of them. i got rid of them. i moved to the -- >> you got rid of them >> give me a ring when you guys have that -- give me a ring when you have the garage sale i'd definitely like antiques. >> now we're going to move on and take a viewer tweet, shall we me under score next gen asks can you discuss transports or buy more because these companies are participating in the covid at home delivery boom bonawyn, what do you say

>> buy dips. that's lower margin business you have to out lay cash and put proper controls in place to get safe delivery of your product. that's raising your cost basis there. so that's actually hurting margins. so i'm looking to buy some on a pull back but don't see this continuing this run straight up that we've seen as of late. >> dan >> you know, it's interesting and i know and i'm just going to give an honest shoutout. guy, tim, karen, they were all over fedex and ups throughout the downturn saying this will come back. those stocks have just kind of rocketed back. if you look at the iyt, which is the transports etf, it's come all the way back but really interesting to look at this. it was consolidating before it broke down during covid. it's having tough times breaking out to new highs i'm probably in the camp you take profits because they are probably anticipating business that's not higher or as higher margin and the cost goes up dealing with covid, that sort of

thing. i'm pulling the rip cord on that space. >> yeah, and guy, in the past they have gotten in trouble in terms of the holidays and being overwhelmed so can you imagine holidays over laid with covid deliveries >> you know, what is coming, fedex is a monster ups a better performing stock if you look at the two of them. the thing that concerns me about fedex here in my opinion, it's gone from cheap to expensive in a very short period of time. that 250 level i think we traded up to in fall of 2018 if memory serves, maybe we get back to those levels but i'm inclined and fedex specifically to take money off the table. ups is its own animal. i worked for a day and they loved me there by the way. i still get cards from senior management asking me to come back so i would be taking profits in fedex and maybe letting this ups ride because they are clearly, i think, ups is showing in the short term at

least that it might be the better play. >> i'm glad you disclosed your potential bias in ups. >> not potential, it's a real bias. >> okay. we got more of your questions still to come on "total request" fast money kelly clarkson, the next one is on virgin galactic almost had you there we definitely have an answer for u he stock we'll have it right after this break. ven better on our most powerful signal. switch and get two new lines of unlimited for only $90 and 2 iphone 11 pro's on us. only at t-mobile.

welcome back to "total request fast money." let's go to austin in virginia who has a question about virgin ga l galactic. >> i'm austin and my roommate and i bought shares of virgin ga lat ti -- galactic working on commercial space flight and they have been traded for a few years, they saw a big boost in the stock price in the first part of the year until covid hit and the economy shut down and been going up slightly recently but it's an industry i can see a lot of great in over the next few years and next decade. what do y'all think? >> guy, what do you think of space? >> it's interesting. steve talks about this all the time saying it's one of the only ways you can play this specific industry and he's probably right. the good news is we had a pull back from 26 to current levels the name was initiated i believe with a $22 price target. they have a huge backlog i'm not one of them because as

you know, i get motion sickness just looking at rocket ships on the television so i can only imagine what would happen if i were in one. apparently, it's all the rage now. this is a good opportunity to get earnings i believe in november. >> as memory serves me, guy, you were sick for at least one day after you used a.r., an a.r. head set. >> that was one of the worst experiences. i had to go to staten island, which i love but i went out there for some -- i put those goggles on remember that? >> yeah, you were like a bird flying. >> i'm sure we have the video somewhere but i won't watch it because it will make me sick again. at my age, motion sickness is not a good thing. >> back to space here. put it in the drawer and leave it there because space eventually to be the next frontier so to speak. >> took the words out of my mouth. i should let you do this, mel.

you can do it better than i can. i like it. i like the space and the trend it's clearly a long-term play there is no valuation to speak of for me to argue what is the right entry or exit point. all i can look at is a chart and guy pointed out it has had a significant pull back. buy it i think you put it away. just keep in mind, you don't know if it will be spacex or blue origin or entrance into space. i do like it and it's a long-term hold. >> let's go to a viewer tweet now. glass capital asks hi guys i learned about tesla and i'm told i'm getting a great deal after the stock split. should i buy on today's weakness thanks, a great deal after the stock split. where do we begin for glass capital? >> there is no deal with the stock split. it's not any cheaper than it was the day before it split or anything like that 5 for 1 or 4 for 1 you don't have to out lay as

many dollars per one share you buy. i just want to be really clear about that because we saw how these stocks, this and apple performed after they announced those stock splits and just all the garbage that goes online and people talk about this and/or t or whatever. you have to think about is this a good entry point for the stock if you really want to own it what is your upside target and where are you willing to stop it to the downside because a stock that's performed like this that traded as low as $80 this year or less and now is trading at $475, you know, you have to ask yourself what sort of risk tolerance do you have to play this game? make no mistake, it's a game of musical chairs and this name and do you want to be left without a chair? >> yeah, we talked about this when we touched on plug bonawyn there is enthusiasm for the

sector. >> if you like it, own it. i want to be clear as dan pointed out. this is not a result of the stock split. so if you like the company, if you like the story, if you like the leadership, you buy it and own it that has nothing to do with the new stock split price. >> in terms of managing your position, though, guy, the stock split could help investors who do choose for instance to use options or other methods so i mean, for some the stock split is a good thing. >> yeah and it's been pointed out from people on twitter that maybe i am a boomer and a dinosaur and i don't see the benefits of a stock obviously,h math but maybe there are benefits to the lower price point and maybe what he's talking about with opportunity is the actual sell off the stock today. keep in mind the run in the stock has been nothing short of magnificent and one thing i've said for awhile now, i don't understand it but all you needed to know about tesla was back in may when it was a $700 stock

presplit, elon musk tweeted the stock was too expensive or something along those lines. the sell off lasted a day and you've seen what it's done since. that tells you-all owe need to know. >> guy, bonawy n dan, thank you. don't go anywhere "shark tank" is up next when the world gets complicated,

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for your family and your future. >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ i'm jorrae. and i'm kelly. and we're sisters from philadelphia, pennsylvania. you know why it's gonna be really good? 'cause you made it. because i made it. i'll tell you the truth. we've cooked all our lives. we love to cook. my mom was the best cook ever. we would go to church on sundays, come home, and she would tear the kitchen up. so it's very important that we continue the tradition.