of shorter term tactical positioning that happens once you've had one of these moves. it was not exactly the close that said, okay, we're in the clear for now. >> oil was up 3% today, gold rallied over the last couple of days closing up .6% and the dollar down .2%. we're out of time on closing bell "fast money" starts now. i'm melissa lee and this is "fast money. tonight's trader line-up, guy adam meerks t adami, tim seymour, karen finerman and steve grasso. deal drama lvmh calling off its tiffany takeover disney facing big backlash for the new mulan movie. we start with a major new

development on a tiktok takeover julia boorstin has the latest. >> sources confirming to me that bytedance is continuing to explore options with the committee on foreign investment in the u.s. about a restructuring of the company that would avoid a full sale of those u.s. operations. now, my sources tell me that long before president trump set a deadline for tiktok to agree to sale of its u.s. operations or have the threat of being shut down, bytedance was negotiating about various options. one option being discussed is a restrucking in which bytedance would maintain ownership stake but wouldn't have any control over u.s. operations one u.s. company could take a minority stake and be an operating partner, say, have microsoft or oracle be tiktok's

cloud operator and manage the u.s. data in a way that u.s. regulators could feel comfortable with everything i'm hearing is still very much fluid and my sources say it is unclear what the president will approve certainly an area to watch sounds like a lot of options still on the table. a walmart r microsoft in the lead but it went from session highs to session lows immediately on this news we were talking for a long time about a rerating of walmart because of this. guy, what do you make of these developments in the tiktok story? >> to me it's bigger than walmart and microsoft. i'd take this and look at sort of bigger picture stuff. i think it continues to speak to the u.s./china relations that continue to deteriorate. i think the market is starting

to take seriously and maybe it will start to take more seriously as we move forward i don't think things are going to get better as the election gets closer. i think things are going to get worse and i think it's going to escalate i do think the vix at 30 makes sense for a number of reasons. this is much bigger picture stuff and i think it speaks to the precarious nature this market seems to be on right now. >> karen >> i'm thinking more granularly of microsoft and walmart i thought this is too bad for walmart because i really did like the idea of it for them i think it makes sense, but i think even before we had heard anything about their potential participation in the tiktok deal, i think walmart has a lot of momentum and i think walmart stock will gain traction i like what they're doing. the stock isn't crazy expensive.

and i think them being on offense, which they are, post pandemic where they got a lot of new customers and they're doing what they can to get them to stay, i like walmart i wish they were a part of this deal i'm guessing that's lower likelihood, but i like it even without that the stock was 7 or 8 points higher from then when they announced it. >> tiktok or not, the rerating is still on, tim >> so that was an interesting conversation we had. i, like karen, think you do not cross walmart off the rerating list just for this this was a continuation of that and we were talking about how some of that audience could be good for their advertising and help their walmart plus. but walmart plus is about same-day delivery, about competing. when you look at their digital sales and the growth not just because of covid but because they're taking market share and obviously amazon is way, way ahead. the stock went from about 130 to

145 roughly on the tiktok news but i do think this was a reminder of all that they have done, whether it's flip cart in india, whether the original acquisition of jet in 2016 that we thought was a little strange. but the acquisition and the acquiring of intellectual property and technology is something walmart will continue to do. who's going to compete with amazon, especially with their ability to have those fulfillment centers effectively in the form of all those big warehouses around the country? i like walmart here. even with this news, i still want to own it. >> the idea that walmart wanted to be part of a microsoft bid for tiktok maybe underscores that the retail giant is sort of rethinking how it approaches e-commerce it's not just transactional. it's actually thinking about building some sort of ecosystem where you stay on walmart.com or a property related to walmart and you are part of that community. >> yeah. i get every reason why walmart

wanted to be with tiktok and part of that with microsoft. but i would think that the rerating is put on hold. you're not going to get any multiple expansion, i don't think, if this deal is off the table. that's number one. number two, in the last couple of days where we've seen the market have a little bit of weakness, it's been value versus growth if that's going to continue, then walmart is not going to get that growth vig anymore. i think you should sell walmart, sell microsoft and take a look once the smoke clears on this deal, if it does. >> guy, circling back to china and china/u.s. relations, there were doubts about the deal when china issued new restrictions on the export of technology and specifically for this deal, that would mean that the algorithm couldn't just simply go to the new buyer, that there would be

some sort of arrangement where the algorithm might be given for a year and taken back or licensed, et cetera. so beijing didn't want to take this lying down, so to speak does this signal to you that china is in this for the fight >> of course they are. i've never thought they weren't. i think tim has spoken to that i know dan has mentioned that as well there's no question they're in it for the fight and they're going to continue to push back it's interesting i think for the broader market it absolutely has implications i'd push back to steve although i understand exactly what he's saying i think what walmart has proven is they're willing to go down a road historically they weren't willing to go down that augers well, whether it's dealing with tiktok in a joint venture with microsoft or partnering with somebody else. i think walmart has shown their hand to be sort of forward thinking in an era where that's being rewarded i happen to think regardless of whether or not the tiktok deal gets done, you're going to get that rerating.

to answer your original question, the chinese/u.s. rhetoric is going to get ramped up it's going to get worse before it gets better and that's going to go on up until election day, in my opinion. i think the market cares i think that's what you've seen, again today notwithstanding, over the last week or so. >> tim, does it get worse? beijing is going to layout its rules so the u.s. is willing to say we're going to figure something out now. >> are those rules that they're going to be comfortable with again, it's, to me, going to imply that anything that they buy still could have some ties back to china and therefore may not be a sale or an acquisition actually that would make a lot of sense no i think this is the next phase why would china stand by and let a chinese company be bullied over here, especially at a time when this has all been about control of technology and data and essentially the 21st search

internet technology trade. this whole thing has been kind of bizarre in terms of the white house brokering a deal, taking effectively a banking fee. the parade of suitors coming up and all this with china remaining silent when, in fact, this is a chinese company, even though the company itself was saying we have no relationship with the chinese government. whether you believe that or not, you can't expect china to sit back, especially with what has been going on with huawei over the last year. >> the dow adjusting nearly 10 points, the nasdaq gaining almost 3%, but the rally lost steam at the end of the day. given today's market action, show of hands, panel, do you believe today's bounce oh, the crickets oh, karen does tim's halfway up karen, why do you believe the bounce >> well, i mean, i'm not saying

the market is going to go up tomorrow i don't really know, but i think that all of the conditions that were precedent there to have this market rally, meaning the fed being there, the hope of a vaccine. i think that news today of astrazeneca was a little bit better than we had feared. reopening and mortality going down, all these things helping the market are still there yeah, when we went up parabolically like we did, it's not surprising we're going to come down hard i don't know that tesla is going back to 500 any time soon but there's a lot of other names to like i'm long i'm always long but i'm more comfortable being long after a selloff like this. >> tim, your hand was half up. why only half? >> so turn around tuesday on wednesday because of the holiday makes sense. everything one would have said yesterday, they should be saying the same thing today

that's just "fast money," those are rules. nothing really has changed day over day i'll say the same thing i said yesterday. what happened in the market is a function of where we came from this is what karen has highlighted. to me, it's a mini version of where we were back really in covid times in the advent. i think the fed is still on your side i do believe the buy the dip mentality is still in place until proven otherwise i think there are a handful of charts that still need to test lower. but the buy the dip mentality for the market is not over >> steve, why don't you buy the bounce >> you have to keep this thing equal. in my mind, when you look at a relative strength index and you look at overbought, we were in overbought status for the market and all those tech names overbought status is above 70.

we were at 85 to 88 in some of these names, some higher than that when we sold off yesterday, we got down to low to mid 40s oversold is below 30 i need to have an equal move if i'm going to be overbought, i need to be oversold to the same magnitude. we're not there yet. there's a lot more room left to fall. >> guy >> i look at it broader in the sense that we can talk about how great in economy is. there are not a lot of great things happening right now i know we're excited about a vaccine. again, i'm not a doctor, i'm not in that world, but it's not coming any time soon, not the rest of this year. as we get into the fall, i mean, i think we're going to start to feel it in terms of the economy. i'm hard pressed to believe it's that simple to flip a switch and everything is going to go back to normal. the market clearly got higher than i thought it would go, but i don't think by any stretch the selloff has been enough to

assuage my concern. >> seasonally, september and october are not good months for the market and we've got the election and we still have the pandemic along with flu season. does that give you any pause in that hand being raised up so high >> no. i mean, i've never traded around, you know, buy sell in may and any of that. the election is important, but i still think the fed and the hope of a reopened trade and a vaccine are more important so i'm staying long. we'll start to see earnings pretty soon. >> that's true, for third quarter. maybe we'll get some guidance going into next year >> rob, what are you looking at? >> there's a lot going on, obviously. i think the key point is what we've seen with the nasdaq or

the qs is almost a textbook pullback, three sharp days down that came on tuesday then we get this rebound rsi is in that 40-50 range nap's a pretty typical range to see a bull market bounce from. i think we do get a bounce here. the question is, how much further does it go do we get a lot more upside or is this an oversold near term trading bounce, which is what my view is. september is going to be choppy. i think we still do a zig zag through the month. as we get through september, we're probably going to see some sort of seasonal low development as we get to q-4 the tech stocks linical traderst have to play the trade on the long side. when you step paback and look at the weekly charts, step away

from those daily charts and see what the weekly looks like that rsi on the bottom panel on the right-hand side, to me, looks like it needs to do more work i'm not a tech hater i'm not a tesla or apple hater i just think these stocks need to pause and consolidate and catch up with their longer term moving averages. what does an investor do with that well, if you look at some of the tech names like the video game stocks, a lot of the work from home names, a lot of those names started to peak out in august. you can see that the relative performance in the bottom panel is below the 50-day moving average. there's quite a few stocks doing that applied materials, klac are good examples there are a lot of other stocks. i think the market is broadening out from that secular growth, you know, work from home to

return to work and an improvement in the economy some of the cyclicals are improving. we've been fans of cyclicals in general, adding that to your barbell. names like uber for example look a lot like the airlines and the cruise lines these are the stocks that haven't done anything since june 8th. i want to take money out of the growth names on the bounce and add it to some of these cyclical names. i think the longer term market cycle is still bullish for stocks into 2021. > this sounds like a post pandemic portfolio it might be uber and cruise lines and all these cyclicals. here we are. that's what rob says to buy. >> it's interesting. i hear what rob's saying i tend to buy this pullback in

electronic arts for a number of different reasons, not least of which we've seen moves like this before i do think these stocks are reasonable i don't want to be all dour here, but i don't know when post pandemic is. nobody does, quite frankly if they tell you that, they're lying, from politicians on down. so i'd just as soon stay with things that have been working. that includes electronic arts and take two. >> steve, you've been positioned for post pandemic, whatever that looks like, for a while. >> yeah. you have to ask yours where elf is the next 30-50% going to come from it's not going to be technical it's going to be the chemical names, the industrial names, the material names you could play the most pandemic for me, it doesn't even matter if you recover as quick as you

thought you were going to recover or not it's where's the best value for your money right now and it happens to be in value >> so going to the value investor, karen, you're in a lot of the tech names, apple, microsoft, et cetera, which robs says could be in a grind for some time. how do you justify the valuation of these names after such a run? >> well, i do have traditional value as well. i have both. i like these i do think they're a little rich for sure i mean, i just have no place in my ability to sell and know when to get back in and talked about paying taxes and having that still, could i get out of the right time, in at the right time and make enough on the spread to pay taxes, or do you believe enough in the company in the long-term i'm hanging on for the long-term. but i do have those value kind

the one that has proved to be the most value, meaning it sucked, it hasn't worked, is the financials those are among the cheapest and i clearly have exposure there. i think if we do one day get to the other side, we will see those. >> tim >> i can't believe karen just cursed on national tv. >> it's not a curse. we're not going to get a fine. there's no bleep it's fine. >> all right first of all, to try to put my tech hat on, i kind of agree with a lot that rob's saying what i said yesterday was, go back to the end of june, collect 200 and pass go, or whatever that expression is, and start again with a lot of these starts if you look at the qs, that's somewhere around 245, which i'm not saying we have to go to tomorrow but that is the

pullback i think the housing trade which has a lot of industrial to it, some of that materials and components, i think is alive and well copper above $3 through all of this is a very good sign for materials names. we're following t inin inin hours action of rh the company's conference call is now underway we'll bring you the highlights when "fast money" returns. ♪ come on in, we're open.

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your wireless. your rules. only with xfinity mobile. welcome back to "fast money. diamonds are a girl's best friend, but it's more like faux when it comes to lvmh and

tiffany. robert >> there is a reason lvmh saying a letter from the french government prevents them from moving forward on its pricey deal to acquire tiffany the french government asked the company to delay the deal until january. since that is after the original contract deadline, lvmh says it is not able to complete the transaction. oh well. tiffany responding with an immediate lawsuit in delaware saying lvmh has unclean hands. what happens to tiffany? the pandemic has absolutely crushed the jewelry business, which is why lvmh wanted to renegotiate this deal for months tiffany sales were down 45% in the second quarter lvmh saying in a conference call it is not happy with the way tiffany has been managed in the past few months.

tiffany saying the fundamental strength of our business is clear and that fourth quarter earnings will actually be up over 2019. now, industry experts say the end run here could be that lvmh comes back to the table at a lower price or maybe that delaware court could rule in favor of tiffany, in which case they would have to acquire this company at the 135 per share >> let me get this straight. the french foreign minister sent a letter, which nobody has seen, is that correct, saying you shouldn't do this deal until january? >> yeah. so as you can imagine, lots of intrigue and conspiracy theory on how this letter came to be. this is a letter that lvmh has seen but has not given the french letter or a full translation to tiffany tiffany's lawyers are asking for that clearly if and when this goes to court, this will be exhibit a.

but lots of questions from reporters today on whether lvmh had a hand in generating this letter, what the letter actually says or if it requires them to stop the deal or postpone it >> hence, maybe unclean hands. robert, thank you. karen, you think this letter would be easy to find, easy to hand over, at least to tiffany >> yeah, you would think actually by the merger agreement, lvmh must hand it over and they haven't. this is clearly a case of buyer's remorse. let's go back to the merger agreement. that's where tiffany has all the power in this. you might remember frank aquilla, he was the lawyer they had a very tight merger agreement, meaning there's not a lot of reasons lvmh can walk one of the things that's not

able to walk is changes or conditions affecting the industry in which the company operates in. also, if tiffany fails to meet any published or internal projections or forecast, that doesn't matter either. that's not an out. lvmh seeing no way out besides we are going to drag our feet and not get anti-trust approval. that is a condition. tiffany was trying toget them to respond at one point lvmh says, oh, you know, it's very difficult for us to file because we're highly decentralized and the documents are held with each of lvmh's maisson, which is ridiculous lvmh's lawyers say they simply do not work on the weekends. this is ridiculous miraculously this letter shows up from the foreign ministry, which does not have jurisdiction

here it's asking lvmh to delay the closing so that we can support france's intention to dissuade american authorities from sanctions and tariffs. i mean, i'm wondering if that letter, they don't give it over because it was printed on lvmh stationary because it's what they wanted the french minister to write we'll see next week whether they get that i think that will be a minor positive we'll have discovery and a trial in october and maybe a decision by the middle of november. all of that having been said, i'm long tiffany has the way, way, way better hand here maybe they get a skinnier deal we still make money from here. or maybe they'd pay the full price. >> i love they simply do not work on the weekends guy, what do you make of this? it's a lot of deal intrigue

certainly. it does sound like tiffany has got a lot on its side here >> a couple things i don't speak french so a lot of this went over my head, number one. number two, that's the reason they called risk arbitrage is because of that first word tiffany is one of those iconic brands that almost by definition has a certain value. you go back to march the levels we're trading at now are levels we've seen twice over the last six months. i han ppen to think tiffany you buy with both hands. >> we've got a lot more headed your way here's what's coming up next a bombshell about astrazeneca's covid vaccine trials and a major question about who knew what and when what it means in the race to find a cure. later, there ain't no

stopping peloton why not one but two brokerages got even more llbuish on the stock ahead of earnings. we've got that and a lot more when "fast money" returns. offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. and i'm still going for my best. even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'm on top of that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. what's next? getting out there.

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don't get mad get e*trade and start trading commission free today. welcome back to "fast money. we're following new developments around astrazeneca's decision to put clinical trials of its coronavirus vaccine on hold. meg terrell joirrel joins us. >> we are getting reports on what's happening here. overall the situation is the same as last night the clinical trials are still on hold after a safety event in one of the trials in the u.k we still don't know if that event was caused by the vaccine.

but we have been getting new details today, not from the company to the public, but from astrazeneca's ceo to some investors who are on a call today organized by jp morgan according to stat news, which also broke the news last night, he told investors that the case is a woman in the u.k. who had neurological symptoms consistent with a spinal disorder known as transver transver transver transverse myelitis. astrazeneca gives us a statement in response to that report and the decision for the ceo to give this information to investors and not the public, saying, reports claiming to be based on comments made earlier today by our ceo stating that we have

confirm confirm confirmed are incorrect. he stated there was no diagnose and there will not be one until more tests are carried out stat news noted it wasn't yet confirmed, not yet giving a statement about how this information was disclosed. still more questions here. of course, we will have to wait for the key question about whether this is deemed related to the vaccine itself. >> meg, here's another question. is it typical that a drug maker like this would schedule investor calls and disseminate information to a smaller group of investors i guess the company is disputing whether or not the reports are factual at all, but it seems like that could be a potential violation, because disclosing what sort of sickness a patient

may have incurred because of the covid-19 vaccine trial seems like it could be material. >> right there is an argument over whether this information was material or not. what i understand is this was a sort of pre-planned call as part of a ceo series that jp morgan analysts do with ceos. it was already on the books. so pascal sorio participated in it and responded to questions. but he gave information that the company had not been giving in response to direct questions asking about those things. we only found out about it because of stat news's reporting citing three investors on that call the stock had already recovered from that 8% drop yesterday, but there are a lot of questions being asked about that decision. >> joining us now for more on these developments, michael yi

great to have you with us. >> thank you >> i don't know what to think about all of these disclosures about the ceo telling a small group of investors this information, the fact that the trial was also halted in july because a patient had other neurological symptoms which ended up being multiple sclerosis. how do you parse this out? >> i think you're right. i think what we're learning now is that this trial and all of the covid-19 vaccine trials are going to be the most scrutinized, the most carefully watched programs across probably anything in biotech and biopharma we've ever seen because the stakes are so high i would say, number one, it's good to know that the safety oversight is extremely high. i think that's good for all of us to know and number two, i think it's important to know that clearly some of these companies have patient safety at the top of the list and that they're watching

over this to protect all of us >> why do you think the stock recovered from a decline of 8% earlier in the session to finishing the day down 2%? was it because of this disclosure that there was only one patient that had this illness and that's not yet been confirmed? >> i think it's two parts. i think one is probably dissemination and commentary by the company that they were not overly concerned about the situation and that the first case was not a transverse may liets. i think the broader pharma community and that includes my discussions with investors and scientists and others in the industry that we believe it's difficult to confirm that the vaccine would be related to this also, of course, the vaccine is going to be a positive for you if it works. ultimately i believe in the clinical trial setting this is probably going to be continued

on they're going to resume it that's my prediction and these vaccines are going to work i think this is a speed bump >> so quick question for you the average person who doesn't understand this space the way you do, are they better off trying to pick a handful of these stocks, buying the ibb which has biotech and pharma in it, or just buying individual names and being willing to take that risk of 20% to the upside and possibly 30% to the downside seems crazy to me. in the long run, will all of these companies have to share in the profits anyway ultimately? >> you bring up, i think, a short-term and a long-term question what i would tell investors is, there are big pharma companies with a lot less beta, a lot less risk that do have ongoing phase three trials or earlier.

astrazeneca, j & j, pfizer and merck has one. for those that want to play a trading view of it, moderna has had a big pullback i think we're going to hear from this data in the next month or two. i think they go back up a bit. the longer term question will come back. that's ultimately going to be the debate of what does it matter if more are coming. the price is going to go down and we're going to go back to that debate. >> tim seymour, how do you think about the disclosures and the company's denial from astrazeneca? >> it sounds to me like disclosure is really the issue, because it is customary to be pausing a trial and going through a series of steps to understand exactly what the safety issues are. i thought ken frazier said this really well. you can't rush science

ultimately i get the sense these big pharma companies are doing their jobs but the disclosure and how you get into a reg fd dynamic on a conference call with investors who keep pressing is a very challenging place, although for an experienced ceo to be able to handle markets didn't act today as if this was news that's affecting their view of our post pandemic portfolio really ultimately i think we've come to understand this process. guy says this all the time if you're expecting a vaccine in 2020 calendar year, i think you're on the wrong side of that trade. >> the other question, this is what grasso is getting to, is that eventually there are all these players with the vaccine in the pipeline, potentially everyone or many of them get to the finish line, guy is it really going to offer them any sort of, i don't know, boost to revenues in the end >> the pr obviously would be

great. believe it or not, i don't think it's going to necessarily move the needle in terms of what it means to them on the bottom line, but maybe i'm wrong. this is clear, though. if astrazeneca was working on a shingles vaccine and this news had come out, nobody would have batted an eye. i think we are so hypersensitive now. it's a cautionary tale for ceos to understand their responsibility in this world and what they have to say and not say in terms of the vaccine. coming up, disney goes to battle as outrage grows over its new movie mulan. later, we're counting down to earnings in two big names what you could expect from peloton and/or. >> caller:

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welcome back to "fast money. there is drama at disney over its latest release of "mulan." julia boorstin is on that story. julia? >> melissa, disney opened its big budget film "mulan" in china on friday after multiple delays and also amid calls on twitter to boycott the film. disney drawing criticism for in "mulan's" closing credits thanking chinese government agencies for assistance in shooting the film, including two agencies accused of human rights violations the state department has estimated that as many as 2 million people in that region of china have been imprisoned in internment camps the chinese government have said the camps are part of an effort to improve the region's

security this comes as disney is hoping china will be a meaningful contributor to the chinese box office the film is based on a chinese legend and stars a chinese actress. she tweet eed support for chinas hong kong crackdown and generated controversy. there's a lot riding on the chinese move-going market which precovid was projected to surpass the u.s. box office this year we reached out to disney no comment on this issue. >> just to be clear, who on twitter is calling for the boycott? is it primarily human rights watchers in the united states or in europe? >> largely people in different parts of asia. we've seen calls in thailand and taiwan and hong kong, of course, according the conflict there and predating it especially with the star of the film >> julia, thank you.

tim seymour, is this going to be a headache for disney, which got a glowing upgrade yesterday on its dtc on the streaming product? >> yeah. it's going to be a little bit of a headache for squeaky clean mouse house that you don't expect this from but to be clear, i think disney has walked a tight rope in the past and always ends up as disney look, asia is about 14% of their revenue base the u.s. is certainly still part of the story what analysts are starting to do and which is what deutsche did, they're looking at a land grab in dtc they look where they are and they look at the ability to be able to release their "star wars" line through premium video, pbod is something that ultimately for "mulan" is part of how they were evaluating the closed theaters in the united states to me, the fact that disney is

changing a lot of the way they do things, including closing certain networks and unprofitable business lines at a time they do need to focus on efficiencies and balance sheet, i think the market's been at time s overly hard on disney an sometimes during periods where nasdaq is selling off, they may forget about some of the issues disney has in front of them. longer term, four main business units that are in and of themselves very profitable and important to each other. >> it is amazing that it ended up in the credits, special thanks to an agency that operates labor camps, grasso you would think that for a company like disney, there wouldn't be this blatant of a stumble. >> yeah. i'm not sure how that wound up there. whenever you try to pick a stock based on that, i'd be more concerned with the 26 billion that's coming out of parks for disney but the stock itself, the level

to hold is 130 and then of course the 200 day moving average at 123 i think disney is okay here. especially as we move toward a vaccine, that 26 billion comes closer to happening again. coming up, we have an earnings alert for you check out the move in rh, rest train stati restoration hardware the united states postal service is here to deliver your packages. and the peace of mind of knowing that important things like your prescriptions, and ballots, are on their way. every day, all across america, we'll keep delivering for you. i see a new kitchen with a grill and ask, "why not?"

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welcome back to "fast money. we've got an earnings alert on restoration hardware the stock is surging in the after hours, up 14%.

>> one of the surprising beneficiaries of the pandemic is our demand for home furnishings continues to rise, remaining strong restoration hardware says core demand up 47% in august and up 4 44% in the first nine days of september. while many brands have had to shrink their retail footprint, the ceo says our physical stars are an sbeg grintegral part of r customer acquisition strategy. the stock is up about 15% in after hours. it's up over 300% from its march low. while it's not in the retail etf, it is vastly outperforming big retailers that sell turn wells fargo says this

deurbanization trend puts rh in a competitive position it continues to shift a lot of its supply chain outside of china to other countries like vietnam to avoid tariffs that certainly is paying off ceo gary friedman on "mad money" tomorrow >> thank you tim seymour, you have been in this name. are you in it now? >> i have been you know what, i've not been in the trade for probably three months i sold some of this bounce if you think about those sales trends and where the margins on a lot of their online sales have gone through the roof. it's been an extraordinary story. i think the housing trade continues to be extraordinary. if you look at the xhb, i think the largest name is whirlpool, which is a name i recently got into i like this entire space. >> they sell a lot of outdoor furniture and big furniture. if people are moving from apartments to houses can all of

a sudden fit an rh couch in their living room. >> right or more than one, yes. that revenue is great, but the margin was the really important part remember, though, big short interest, 28%. so that's part of the fuelling this after market hours as well, i imagine. coming up we are counting down to earnings from oracle why options traders are betting on a breakout when the number hits so you're a small business,

or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business.

welcome back to "fast money."earnings. oracle tomorrow. mike khouw has the action. mike >> oracle traded more than two times calls over puts today although the volume was about average. that's not surprising given that they report after the close tomorrow we may see elevated volume tomorrow right now the options market is implying a move of about 5.6%. that's in line with the 5.3% the company has averaged over the

past three quarters. included in that are the october 60 calls buyers of those calls are betting the stock is going to be up at least 7.5% by october expirati expiration perhaps they were taking a look at two quarters ago when we saw a move of 20% to the upside after eyth reported. >> thanks for that, mike up next, final trades. ♪ ♪ ♪

zbli time for the final trade tim seymour? >> the housing trade, obviously people know about lowe's and home depot, but whirlpool, i think it's almost a 5% position. it's essentially if i wou lly b materials names that you can own. >> karen finerman? >> so this one isn't for everyone it's for the risk arbitrage people i would say buy some tiffany >> steve grasso? >> i'd like to give you a stock that could triple, quadruple capri holdings, cpri is the symbol if you look at what luxury brands are getting as far as a multiple, you're getting jimmy

choo, versace and michael kors for free it should trade much, much higher. >> guy adami >> i love jimmy choo their shoes are very narrow. for those of you out there with wide feet, i would avoid the jimmy choos. >> not going to k ashow you know that. >> i would 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'll cramer. welcome to "mad money. welcome to cramerica other people want to make friends. my job is not just to entertain but educate and teach. tweet or email me. bounce, oh my, a big one after a brutal decline it seems tha