>> kayla, thanks for joining us and for coming inside so we don't have the dog barking it's a shame we don't have time for you to close out the show for a song with us with your piano behind you. >> i think my 2-year-old is a little bit better at the piano than i am these days maybe next time. >> thanks for watching we're out of time. i'm melissa lee and this is "fast money. guy adami, tim seymour, karen finerman and dan nathan. shares of general motors soaring today. plus, we're tracking after hours action in two work from home darlings we'll break down the numbers later, a magical moment for disn disney we start off with another big selloff on wall street with the dow falling as much as 670

points at the lows, the nasdaq nearly dropping back into correction territory after hitting an all-time high just last week. tesla down more than 34% from its all-time high hit last wednesday. apple down 18%, microsoft and alphabet too seeing some major losses when does the pain stop, guy >> obviously i've been pretty skeptical the entire move higher or most of the move higher something sort of struck me last week, i think it was wednesday when you had those headlines from the cdc putting on notice people from the 50 states to get ready for the vaccine and the market had that huge rally to the upside what caught me by surprise was the fact that the volatility index didn't buy it. that was the tell. i think it continues to be the tell to answer your question, i think

you're going to see the bottom on a day where the market has a big move to the downside coupled with the day the vix actually moves lower as well. we didn't see it today the one thing that really struck me as upsetting today or somewhat alarming was the fact that names like jp morgan open on the highs, closes on the lows the banks across the board were not able to rally today. i think that's what disconcerting. there's a lot to be concerned about on a day like today. on a day we see a big down move in the broader market and the vix moves to the downside as well, that's going to be your tell we didn't see it today >> apple, microsoft, amazon, the price action was not good in a lod lot of the major groups, major stocks. >> i think apple was interesting. on friday afternoon it put on a heroic rally it was down high single digits

in the morning friday and rallied to close unchanged to slightly up on the day pretty amazing to reverse all of that and trade the way it did from the get-go today and close on the lows is pretty troubling. microsoft also closed on its dead lows. google too is that telling you that the close was some kind of fear and panic? possibly, but i just think when you see the qqq, the nasdaq 100, we know how heavily weighted it was to those top five names, obviously close on the dead lows, it leads me to believe we might get bounces, but they might be bounces or opportunities to lighten up on something that just got way too concentrated and way too euphoric. >> karen, you want to see that fear and panic you want it to be a little bit sloppy what did you think of today? >> i thought today was getting us closer to there i want to talk about what guy

talks about, which was the vix that's something i follow really closely. i want to see this big down day with a big spike in the vix and then a rally and i'm thinking maybe we'd have that it could be as soon as tomorrow. i think that i actually sold a little bit of puts today you know, the vix is in the low 30s now. it had been as low as 21 or 22 maybe two or three weeks ago but i don't think the final woosh is there we talked last week about robinhood type traders and them getting margin calls and that takes a day or two to sort of work its way through you have to put up more money or sell i think we probably have a little more of that. net-net, i was a buyer of things today or a bidder. you know, i would buy some walmart. i didn't get hit there i'd like to buy some fedex maybe

a little bit lower i did buy some jp morgan call spreads. it was disappointing how the banks traded today, but i think there's a few things to buy. what i didn't buy, more apple, i didn't buy more microsoft and i certainly didn't buy tesla, but i could have said that hundreds of points ago. >> what happens, tim, to the argument that the fed and all the liquidity out there will provide support for stocks i mean, i understand that we have been here numerous sessions where stocks have gone straight up and we didn't exactly know why. here we are, we don't exactly know why stocks are going down for the past three days, but that argument seemed pretty powerful that with so much liquidity, there's no alternative. the alternative could be stocks or maybe even cash. >> what did you do to my market while i was gone

if you think about where the market has gone to, you have a case where we hadn't been this overbought and momentum can be very short-term and fleeting in fact, the s&p, which was at essentially the highest or second highest momentum rsi level it had been in the last seven years on september 4th is now down with a 39 rsi it changes quickly where we have gone to is a function of where we have come from it feels a little like a microcosm of where we started all this in march, because markets were extraordinarily overbought and you get these panicked sells how panicky has it been? i'm not sure it's been very panicky. if you look at other risk factors today, you should be concerned about not just the banks, but the dollar is rallying and looks like it may have found some short-term base here if you start to see the dollar

risk off function, there could be more pain ahead if you have distressed and high yield traders, they're going to tell you there's been no liquidity and it's not as if they were seeing sunny skies for a lot of companies under their watch. the collapse in oil we're going to talk more about that and it has implications i think we have to understand some of this could be market technical, some of this could be ctas it makes sense think about where we were. we were -- the fed is going nowhere, mel therefore back to originally your premise, i don't think that the market really has to go significantly lower, but it was supposed to go lower and it still may go lower. >> tech of course as we mentioned leading today's selloff. shares of apple sinking more than 6% today alone.

apple has lost about $325 billion in market capitalization today alone. put that in perspective for us >> absolutely. in general if you think about the market cap over the last three days for apple, as you mentioned it's about $325 billion. to help put it in perspective, that's about 1 1 significant amf market cap i think this goes to speak to the overextended nature of the rally that we just observed. when you look at the breadth outside of large cap tech, outside of fang, it was really poor heading into this

i think the spread is at about 50 basis points. to the extent you see some of this robinhood margin call work its way through the system, that could absolutely be part of it as well. today's action was certainly dramatic evidence by apple dropping below the $2 trillion market cap >> quick one for you a week ago today we were on this program trying to explain to viewers why zoom had just gained $40 billion in market cap in one day, 40% higher in one day now it's nearly filled in that entire gap since its extraordinary earnings how do you put that in some sort of context in just one week of market action, a name that obviously has come to just

embody much of the euphoria that exists in this nasdaq. it's a pretty peculiar situation here i suspect fundamental people were not getting into the name a week ago friday on the long side >> i think that's exactly right. it's a bizarre situation that you're seeing. i have many conversations on zoom with many not prepared for the move on a well-anticipated accepted result. i think a lot of this goes into this interplay between value and growth that we've been observing over the last few weeks. many that i've spoken with and i'm certainly of this view, as you think about the rotation from work from home beneficiaries into value when you're preparing portfolios for post-covid recessionary conditions, i thought today's market action was telling in that you saw shares of disney

and the ride sharing companies and even lyft gave a positive update after hours what to own in a post covid recovery, what makes the top of the list, i would agree zoom it's partly the zero interest rate environment that we're in look at salesforce.com all they did was reinstate a guidance that they had pre-covid and they reinstated 75 .% of th guidance >> i know you're not dismissing these moves. again, these were extraordinary moves higher what would be another indicator or what else are you watching from a chart perspective that would tell you this move is widening out and this isn't just

about overbought tech stocks frankly we've seen rotation back and forth even though it seems to have been a one-way trip for nasdaq only. is it a dollar move. is it a breakdown that much more in a fed ex or some of these names that have held up there? what are you watching? >> from a nasdaq perspective, keep in mind we hit the 50 day on the support chart today i think it's encouraging that perhaps we're going to get that flush that we're all look for as nasdaq is going to hold for dear life here to the 50 day. in terms of trying to better understand where money flows are going to go next, i want to take a look at how when you think about the commentary i mentioned before with respect to what to own on the other side of this, i think it's a very plausible explanation that on the next move higher from a market standpoint, could it be outside of tech? if economic conditions do get

better, you want to own more pro cyclical names outside of industrial and energy and financials and do some of the names we're talking about here i'm watching industrials and i'm watching the interplay between value and growth >> thanks for your thoughts. jarred weisfeld. what does the post-covid world portfolio look like? >> it's a fascinating question i don't know if we are post covid or how close we are to being post covid we're getting into a season now where obviously we're going to overlap with the flu i don't think we ever got out of the first wave i don't know what i said last week was and airlines were up today one of the comments we made last week is maybe the worst is over in terms of the stocks i don't think the worst is over in terms of the environment out there, but maybe the stocks have

priced it in the banks, i thought, would be part of the play but clearly on a day like today when they give up the ghost like that, you have to be concerned don't discount the fact that these u.s./china relations aren't getting any better. as a matter of fact, they're getting worse. for the first time in a while maybe the stock market is pricing that in. there are a lot of things to be concerned about there. but these things were existing the entire move up. >> and no stimulus package there were two big jumps in auto makers not named tesla shares of general motors and nikola >> nice move higher for general motors and nikola, which is back over $50 a share this agreement between the two companies is really a win-win situation. this is a case where both companies are going to benefit,

general motors getting size and scale. nikola no longer has to think about shelling out billions to start up manufacturing gm expects at least $4 billion in benefit that is important as they look for size and scale nikola gains the access to gm's expertise. they have vast experience and knowledge when it comes to electric vehicles. nikola will save about $4 billion in manufacturing cost. the nikola badger coming out in 2022 will be built by general motors the software that goes inside of it in terms of the entertainment system, that will be different the guts will be the same, the batteries, the motor that's all going to be the same but it's the top that's going to

testi differentiate the badger pickup truck from the gm pickup truck remember that general motors is also getting a board seat with nikola at the end of the day, you're going to see more of these types of deals within the auto industry it's unrealistic to think that all of these startups and every single auto maker is going to come up with their own platform. you're going to start to see them coalesce around large platforms like this. you've got tesla and it's going to continue to sell its technology then you've got whatever toyota ultimately decides to do that's what you're ultimately going to see within the auto industry >> gm's surge comes as shares of tesla extend last week not that long ago we were comparing these two names when they were having wildly

different runs. >> let's say you have a three-year time horizon. general motors or tesla? >> oh gosh i mean, the risk/reward to me in general motors, i guess, is better, but that is a very difficult one. >> i'll take gm. obviously the valuation is apples to oranges, but gm has underperformed mass i haively am has a balance sheet you can own. >> i'm going to ask that same question with tesla sufferin its worst three-day decline since 2008 would you rather general motors or tesla >> it was a difficult question then today is the right day to look at that tape again but i would still stay with gm i like this deal for them. i think it's really important. i think it is a win-win.

they're not paying anything for 11% of the company they're contributing their expertise and production but i think that tesla even though it's down a lot, it's still -- risk/reward, i think to me, in gm is better. for many reasons i like this deal i don't know that we're going to see a spinout of gm's ev business i don't think we'll see that spin, but i like the stock here. >> are we going to see credit for that business? that's always been the knock so far in terms of this cruise business with this tie-up are we getting the signal that gm is actually serious about the e.v. business. >> i think this is a very important validation for gm.

their hydrotech technology and battery platform are things i'm not sure the market has given them credit for. to the extent that gm has had a future on both e.v. and technology for a long time and the market has clearly treated them in the other direction. it's very smart for nikola ultimately to partner with an oem and use that engineering and capacity and ability to deliver. i think this deal makes a ton of sense for both people but it's an important day for gm. we've spent time talking about how they are not tesla over the last few years and the assumption that gm was going to finish not only out of the money but in the big picture that's just wrong. >> are we going to look back to today, guy adami, and say that was the day that the rerating of

gm started or maybe even for nikola for that matter >> i don't think so. it doesn't matter what i think but i think it's a bit of a hail mary good for the stock today this is one of the biggest moves we've seen in a while. if you go back and look, this stock has not performed at all on what's been the greatest stock market in the last decade in one of the great egs environme environments for auto makers in the last decade, the last six months notwithstanding i'm hard pressed to come up with a scenario where it does a whole lot better than that coming up, slack and lululemon on the move after earnings reports plus, oilg prices plunging, taking the energy sector along with it. is more than just the stock price at risk for the space? you should be mad your neighbor always wants to hang out.

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welcome back to "fast money. we've got an earnings alert for you on a pair of work from home companies. you know you're guilty of posting in slack while you're wearing your lululemon leggings. deirdre? >> guilty, melissa also reporting on slack while wearing lululemons slack beating expectations on the top and bottom lines shares are plummeting in the after hours. slack's numbers just aren't as impressive when you put them next to zoom video, which saw revenues soar more than 350% year over year slack has seen revenue grow at a

steady 50% for the last three quarters even amid the pandemic. i had the chance to ask why. they said that the macro environment is still uncertain butterfield said that the impact of the economy and the employment picture hit the business in a more pronounced way in the second quarter, though they are seeing signs of stabilization and improvements now their ever present concern is competition slack remains the underperforming work from home play >> dan nathan, i go to you on this not winning anything against microsoft teams. from the beginning i think we've said that it has tough competition. is there a place for slack in the sort of office suite

>> yeah. i've been positive on this name. i like the product i like the management. i like the way they're positioned but they are not executing at least on their plan the way a lot of these other companies like zoom are. so it tells you a little bit something about competition. you know, zoom's product was superior in so many ways to google, to skype, to web x i think what you're seeing is that slack has this tremendous opportunity to kind of gain share in large enterprises but microsoft having teams embedded in their 365 was just a huge, huge wall for them that's what's really happened i think after some of those initial gains we saw in march and april and into may to me this one's kind of obviously in the penalty box here at the valuation that it's trading and where they are and when they look at those enterprise accounts with 1 million per account, that sort of thing, this is an asset that i think any competitor to

microsoft teams wants. that's google's collaboration tools. that could be zoom, for that matter to me, i think this is a scarce asset. i think it's a unique asset. they're just not doing well right now in this environment. at 24 bucks, i wouldn't be selling it here. >> it almost sounds like you're holding it because you think it could be taken out which we said repeatedly on the show is not really a reason to hold onto a stock. >> except for the fact now they do have a really good product and right now they're just facing mass competition from one of the biggest tech incumbents that exists. i always like to own some things that i think have scarcity value. twitter has been a name like that for me on and off over the years. lyft is one of those sorts of names also i think where these companies sit as a feature on a larger platform are really important. so when everything shakes out of this market, i think there's going to be a really good opportunity, especially if we have a different regulatory

picture where you're going to start seeing some of these massive tech behemoths pick up shares >> lululemon falling in the after hours trade now. more people are working from home, of course, and also working out at home. the company saying that district to consumer sales increased 155% year on year to $554 million the company adding that omni channel retail matters much more now than it had in the past. ceo calvin mcdonald said in a statement, we're pleased with our overall business results for the second quarter as lululemon increasingly lives into its omni potential. we believe 2020 is likely an inflection point for retail and lululemon, adding we are cautiously optimistic with troord the second half of the year as we couldn't to navigate

the uncertain environment. nearly all of the company's 506 company owned stores are reopened they continue to believe that physical stores are important no guidance of course for 2020 due to covid the stock, though, up about 50 prn50% year to date. >> karen, where do you stand on shares of lulu >> i'm not long lulu i mean, that was a great quarter. top line was great, the gross margin was good. it's not surprising that they didn't give guidance all of that is fine. the only problem with this quarter is the stock was trading at 80-plus times earnings going into it. that's just an insurmountable level, i think

it was too ahead of itself. >> tim >> the growth multiple is coming from the addressable market with the menswear i know guy's wearing those abc's around the clock the multiple makes no sense. this is one you're buying on weakness. >> this is a family show, guy adami, so in your explan nation of the pants, just keep that in mind. >> i don't know what the abc is. i love their boxers. i'm not feigning ignorance here. i really don't know. citi downgraded the stock last week but they raised their price target to 400. i think what people came away a tad upset was operating margins

came in close to 14%, which beat explanations, but they were 19% this quarter last year 322-ish is where we sort of topped out in early june you get that stock down to 320 and i think you buy it with both hands. meg? >> astrazeneca is moving lower in after hours on a report that the company's large phase three clinical trial of its covid-19 vaccine has been put on a clinical hold due to a suspected serious safety reaction in one of the participants in the trial in the u.k i've reached out to astrazeneca and haven't heard back although stat news said a spokesperson for the company said it was a standard review process to allow review of safety data. it's not clear exactly what this safety event was, how long this

pause could last or how much of an effect this will have on the trial going forward. it's down about 5% here. this is really the first snafu we've seen in an incredibly sped-up vaccine development process for multiple companies astrazeneca, of course, is one of the front runners in the vaccine race it just started phase three trials in the united states after starting it around the world. it's behind pfizer and moderna and it does have a different technology from both of those companies. we are digging into this stock down about 5% now. we'll bring you any more news we get about it. >> it uses different technology so it's not an extrapolation in terms of the failed safety measure to the other vaccine candidates >> not necessarily, no there is some suggestion here in the stat news article that there is a look being made at other vaccines for any potential similar safety risks, but not

clear exactly what the safety risk was, so hard to extrapolate or to know whether to extrapolate to other technologies. >> meg terrell joining us with the development story on astrazeneca's vaccine candidate. moderna shares which took a tumble today is up in the after hours session about 6% one of the reasons in that downgrade was that there were a lot of competitors out there on the market anyone that gets out there is going to face a lot of competition. >> i'm sorry for the dog barking again. if you're trying to play these biotechs or big cap pharma names on the back of this vaccine, we've cautioned people for quite some time. you don't do it and these are the reasons why. we saw huge moves in abbott labs moderna has been a very difficult stock to navigate.

gilead obviously i'll say whoever wins this vaccine race is yet to identify themselves i believe that so there's certain stocks to buy in the space, the names that we just talked about aren't some of them, though. >> the other part of that downgrade is interesting because they actually acknowledge there is heightened skepticism surrounding fast tracked vaccines, which could really throw a damper and some doubt on the impact of a vaccine on reopening the economy if skepticism is high surrounding a fast-tracked vaccine which right now they are all fast-tracked. >> right that is a big risk to the market you know, so much of the once we get to a vaccine it's a foregone conclusion, which i actually buy into that. we haven't seen a stumble, as meg said, so this is interesting. i don't know how this works, what's an acceptable rate of adverse reaction in a 30,000

person trial i don't know this is a significant risk to the market, a delay in the vaccine. then will people be afraid to take it and, therefore, the effect of having fewer people vaccinated will obviously be a damper on the economy. this is a negative for the market. >> he was talking about a post-covid portfolio that could look farther and farther out the more stumbling blocks and more skepticism that arises around these fast-tracked vaccines so are we positioning right now? is this selloff we're seeing a rotation into potentially cyclicals too early? >> not really, because they actually have showed great relative outperformance over the last few days, banks, industrials, some other parts of the cyclical complex one of the reasons why the idea of taking a fast track

politicized vaccine is not that attractive to people is that it may vaccinate you from this virus right now that's raging across this planet, but who the hell knows what the side effects are? are you going to give that to your kids just so they can avoid getting this virus right now i don't think so guy mentioned this earlier in the show last wednesday when the cdc made that suggestion that by the end of october get ready for vaccines they were never coming that was the biggest pipe dream on the planet. even if it's coming, it's just an announcement because no one's taking them this year. people have to get that through their thick skulls this thing has turned into an absolute you know what show and it doesn't make any sense. listen, people, there's not going to be a vaccine you are going to be taking in 2020 so whether it's about how you

conduct your life, how you invest in the stock market, it doesn't matter, it's just a pipe dream. so just stop already geez. >> skepticism around maybe no vaccine, no stimulus package so far, questions about valuations in the market. does all this combined, this potpourri, make you more ske skeptical about the markets in general? >> where liquidity and momentum is, i think there's a reassessment of what valuation should be and that's going on right now in tech land i think the relative outperformance and industrials and value stocks are a function of truly some transports who are seeing better numbers, truly some commodity resource companies. but the housing market isn't going anywhere it's going to continue to go higher i think there's a lot of

feed-through to other parts of the economy there. it's almost back to your fed question i don't think the fed is going anywhere and i don't think airlines need to be trading up to 40-50% in the next six months because they would be probably the most obvious beneficiary of a tax. i agree with dan, but i don't know that the market has to follow that course the market got so far ahead of itself that the pullback over the last three days is not only justified, but thank goodness the market is seeing some rationality. to me, whenever we've been talking about the vaccine and which drug companies are the beneficiaries, it's the market to me that's ultimately going to be the greatest recipient. right now i don't think the market can put it in its sights. coming up, we'll take another look into the now three damaety rk and how this pain could continue a lot goes through your mind.

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welcome back to "fast money. the market getting slammed again today, the nasdaq officially in correction territory, off 10% from its all-time high hit just last week. the s&p 500 posted its first three-day losing streak since june and the dow fell more than of 600 points jim, great to have you with us >> thanks for having me. >> we were talking about the power of the fed you have been a huge advocate of that argument that the liquidity pumped into the system by the fed is one reason why you want to just buy stocks at this

point. so in terms of the weighting and importance of that argument now, does no stimulus package, no coronavirus vaccine and high valuations, does that trump the f fed liquidity? >> we're going to find out you're right, the astrazeneca news that we finally hit a stumble with the race for a vaccine and you throw in the high valuation, the forward pe ratio which already took out the 2000 peak, and if you look at the excessive speculation that you've had in the options market over the last month or so with 75% of options trading with less than two weeks to maturity and the vast majority of it being retail traders here's a fun fact for you. last wednesday's all time high came with the highest vix in history for an all-time high of

2657 that was showing you that the options market was out of line all of this is bad news. all of this should get one really bearish but i'm only looking for a correction because on the other side of the equation, you have jay powell and his printing press. now, at some point that's going to fail, but i'm not so sure that's going to fail this time and it ain't going to go down without a fight. 7% is not going to get them in, but if this correction keeps going, they're going to start throwing kitchen sinks at the market again just like they did in march. >> wait a minute are you saying jay powell is going to be the plunge protection team if the market goes down anymore? >> was he not in march the plunge protection team when the market went down so you have to open that up. he's already buying etfs, corporate bonds. he's already said that financial stability is kind of a third mandate for the federal reserve.

they've already lined all that up 7% isn't going to get them in, but if we go down 10-15%, i suspect that will be the conversation then the conversation will be will it work again seemed it worked in march but we'll have to see. that's what you're going to have to fight against, even though all that other stuff seems to be nominally negative for the market. >> buying stocks is not winning the fed mandate right now. that would require an act of congress so you're saying that everything surrounding that could be done by the fed and therefore jay powell has your back, investors. >> buying corporate bonds or etfs need an act of congress before they even get there they could start in with yield curve control which is price fixing in the interest rate market they could step up their purchases of corporate bonds or etfs there's a lot of things they could do under the mandate they

are concerned about financial stability. you have wild speculation in the options market you've hit a stumble in the race for a vaccine. all that is negative you should be looking for a big correction but the offset to that is going to be the federal reserve. >> jim, thank you. karen finerman, the fed really hasn't bought too much it was the power of saying they're going to buy do we have karen i think we lost karen. i'll switch gears and ask this question to guy. it was the power of the fed saying it would buy corporat bonds that actually helped the markets. the plunge protection sounds very dramatic, but it could just exist in sort of verbal plunge protection >> yeah. it's worked in the past, to your point. they say they're going to be there, which puts in a floor the market gets all geeked up. but i think, again, you're going to get to the point of

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coming up, crude oil in free fall what is sparking fear in the energy markets first, school is back in session. professor tim seymour is taking us to trade school, next

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welcome back to "fast money. so many new traders flocked to the market since the lows in march. but with markets in selloff mode the last few days, how should they be navigating the sea of red? >> professor seymour nothing more ironic than that. three points i want to make. first of all, know what you own. i mean, are you an investor or are you a trader in many cases in the last three to six months people have been momentum traders if you have a company where you are rock solid on the fundamentals and you've done your work, that will lead to the greatest amount of rationality during a difficult time. know that you are in it for a

particular horizon period and note the fundamentals and be set in the fundamentals. two, know the technicals if you think about where we've come for the last ten days but really the last week, take apple, for example, the poster child of all the excess on the way up and what can pull back on the way down but where you could still go after a 47% move in 27 sessions, apple's pulled back almost 19% but it's still 20% off of where it rallied off of those numbers. nvidia is indicative of probably a handful of stocks within the nasdaq that includes also the qqqs themselves go pa goback to july 1, pass go and collect 200 and start all over again, because a lot of these charts look like they could go back there know the technicals, know where the long-term moving average is

that's also where that trade can break down finally, know your limits. i think this may be the hardest part of everything are you emotionallyready to stay in a trade long-term? know your economic limits. don't be playing with margin calls and money you do not have to lewandowski aose and get to f comfort which means a position of strength. coming up, is the exxonmobil dividend in danger we'll see what traders are betting on jim is chatting with twitter cfo ned siegal stick around at 7:00 for "the path forward, race and opportunity in america." we'll take a close look at the underrepresentatiooflan bck leaders in corporate america and discuss solutions. we renovated the guest room, so you can live with us. i'm good at my condo. well planned,

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the new samsung galaxy note20 ultra 5g. welcome back to "fast money. it was a rough day for the energy market with crude oil falling around 8% to its lowest levels since june. today's crude collapse could have major implications for one dividend darling of the space.

mike khouw >> exxonmobil is arguably one of the most consistent dividend payers in stock market history, but right now the options market is suggesting that may be in some jeopardy. right now the options market is forecasting an implied dividend range of somewhere between 3 and 50 cents declining to somewhere between 20 and 30 cents by this time next year either there could be some probability that they cut it entirely or a higher possibility that it gets cut materially. when the dividend exceeds your free cash flow, something's got to give. up next, final trade ♪ ♪ ♪

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time for the final trade tim seymour? >> disney got an upgrade today from deutsche bank we talked about their streaming business as part of a rollout giving them more power in dtc and certainly replacing a lot of bad news in terms of the slowing opening of the economy i'm long on the name. >> dan nathan? >> this is a karen name, walmart. it was at 130 two weeks ago. the walmart plus news came out, it went straight to 150. it's on its way back to 130. that's where you reload on this one, walmart. >> karen finerman? >> if the market opens down big tomorrow, i'll probably be under my desk wihimpering.

>> guy adami >> i find it fascinating lululemon right in that 322 cross hairs. i think you buy it there for a my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, just trying to make you some money my job is not just to entertain but educate and put today in some sort of context call me at00