they don't really have broad sponsorship by investors right now especially as we're waiting to see where these credit losses are going to settle out. the fed needs to see exactly what their balance sheets are going to look like once we're through this phase before we can get approval for capital to turn. >> tomorrow 7:00 a.m., hue johnson of pepsico will be joining me we're getting into earnings season maybe that will be a distraction from some of the noise around the economy and the virus. this is "fast money," everybody. i am brian sullivan in for melissa tonight. your trader line-up on this wed guy adami, tim seymour, karen finerman and jeff mills. coming up, the nfl postponing a game because of covid but the

gaming stocks load why? plus cyber security from palantir making a big splash in its public debut and later on, your call of the day. one top analyst says that stock right there is one of the best growth stories in retail you know what it is? no, you don't. maybe you do we're going to bring you that name ahead. good evening, everybody. wow. what a start to september. ov overall i should say a september to forget. the s&p 500 capping off its worst september in nine years. but for the quarter, we actually had some pretty good numbers the s&p 500 gaining about 8.5% this quarter leading the way consumer discretionary, materials and industrials, rounding out the pack notice what's not on there? technology the sector that posted a loss

this quarter, the only one energy, which slid 20% so with q-3 now in the books, guy adami, in a quarter with more ups and downs than action park, what do you make of the setup for the fourth quarter >> by the way, brian, great to have you here. that action park, there's like a documentary about action park that is off the charts i mean, that place was ridiculous for those that live in this area i would say this you know, in terms of what the market did today and what we've done, textbook, that run-up on september 2nd to 3588 in the s&p, the subsequent drop to 3210, the level that we traded at today is almost to the penny a 50% retracement, 3393. by the way, there was also the prior all-time high in february. it did everything it needed to do technically in terms of the correction on the upside now i think october sets up to

the downside i thought the vix was interesting, still around this 26 level i think october could be really dicey as we move forward here. >> tim, do you think we're setting up for a dicey october >> yeah. i'll put it in even more layman's terms the market basically after falling almost 10% on the s&p has now risen 5.7% in about five or six sessions to get back above the 50-day, which looked like an area it needed to not only hold but possibly inch back over the last day of the quarter. the question for investors is, was that third quarter for a lot of the big mega cap tech names for sure, was that really their fourth quarter was apple's 27% third quarter run, did they pull their holiday sales? we could argue they had their holiday day in back to school and what not industrials was the quiet stealth rally in third quarter

that goes straight into the fourth quarter largely i think part of what september was was really where august was we were way, way over our skis and i think this is a case where we go into the fourth quarter. it was october 3rd of last year when markets were coming out of also a difficult september not like this, but where you essentially got the fed very involved and talked about the money markets and gave markets a lot of ammunition into year end. i don't know if we have that waiting f ining for us in this quarter. we have a lot of uncertainty. >> last night, the debate, whatever that was was not a debate don't call it a dumpster fire because dumpster fires are mostly contained

futures turned down after that thing, whatever it was last night. yet, we rallied today. is that that macro environment that if we get a democratic win or a sweep-even if fiscal stimulus is likely here to say for a long time? >> that's potentially possible i think there were some other things to point to i think those housing numbers were gigantic. that's something good because a lot of positive things happened. these are pending sales, meaning, they haven't closed yet. when they do close, that starts a whole cycle of people spending money on their homes, buying appliances and going to home depot and lowe's and what not. i think today the number one thing driving the market, we heard they were in discussions, pelosi and mnuchin then there was a little cold water thrown on it they're going to be talking a little bit later i don't know i think that's the number one stimulus to the market right

now, no pun intended one more thing we see all these layoffs happening, i think that pushes both sides to try to get a deal done for the american people regardless of politics maybe i'm an optimist, but i still think there's hope there for the fourth quarter, i really want to see what the banks have to say they've had a nice run in the last few days, so i actually trimmed something. but i want to see what they are going to say because they have a very good look into business and consumers and they'll give us somewhat of a tale on how the economy is really doing, because i don't think we really know. >> the gdp estimates, i think, have like a 20% swing from the high to the low. i'm not sure i've ever seen those kind of estimates on wall street jeff, is the market hanging by the stimulus thread? >> i think it is to a degree

i think we're going to see the shift turn away from multiple expansion. i think maybe what we saw this quarter is foreshadowing what we're going to see for the rest of the year. that's more sideways choppy trading. when i think about multiples, typically when you can count on multiples rising, it's when that perception of risk is really high we' we're in the opposite space right now. on the flip side, i think the highs are probably in for the year, but on the flip side, i don't see major downside because i don't know that valuation multiples fall out of bed either anything can happen on the geopolitical front, anything can happen on the political front. we can't predict that, but those typical catalysts for compressing multiples, whether it's raising interest rates or increasing inflation, i don't

think that's in the cards. so i think it's more sideways, choppy trading because now multiples are range bound and we have to count on earnings. >> i pointed this out, that if you wanted to buy a ten-year treasury note, the yield is a dime, .12% if i promised you a 1% return on your investment, you might laugh in my face, but that's 1300% more than what you're going to get from a two-year treasury note you want an argument about why stocks continue to go up that may be it. >> i understand why they're forcing you, you know, whatever forces are at work, central banks, our fed reserve forcing you out the risk curve

that doesn't mean we should do it i think in the fall things look a little nebulous. again, you have an election coming up in a month or so there's a tail risk there with a potential contested election, things going on between the united states and china. there are a lot of things to be leery of as we head into the fall >> there is no alternative let's have a little fun, shall we it's wednesday why not? with the third quarter officially in the books now, we thought it would be a perfect time to play -- >> trade it or fade it >> trade it or fade it we're going to hit q-3's biggest winners and one of its biggest losers first up, l brands, maybe the biggest surprise in the quarter, lb getting an a, up over 112%

this quarter what a run, but the company is still struggling, karen. are you trading or are you fading >> i'm reluctantly trading i would have said faded. i read the piece they make some good points they definitely are getting their balance sheet in shape and the catalyst would be the bath & body works. for those reasons, i would be a trade it. >> tim seymour, trade or fade? >> as unintuitive as trade it means for someone that actually wants to hold the stock, i will fade it, which means i would definitely be selling some of this tremendous turn-arounded a es a and bottom line inflection question is, is that a reason to go out and buy the stock tomorrow bath & body works is a real

franchise. i think that spinoff is what gives you upside but i have to say the 250% move off the lows. >> stock number two, fedex, on the express train to make investors some serious coin, fedex up 80% in 90 days. tim, trading or fading >> yeah. i will trade it, which means i would like to hold it or i'll stay in a trade i've been in i think a combination of ground express margin increasement, those numbers were extraordinary, the b to c business and the shear scale of what they're rolling out in the holiday season i think transports as they were a leader in the 3 q i think stay in the 4 q based upon trends we've seen. >> i would say fade it fedex bottomed -- that scared

me that was a very aggressive buzzer fed oex bottomed out at $90, wet up to $260 we talked about the possibility for it trading to levels we saw two years ago and failing. that's pretty much exactly what we did after that earnings release. i think you get a chance to buy it cheaper when i say cheaper, i think low 200s fade it. >> that buzzer is like hooking a car battery to the came operation. don't do that. buy low, right let's move onto a big loser in the quarter. citigroup down nearly 16% in this quarter >> i'm going to fade citi. i think i'm probably on my own here just given with the

underperformance we've seen. there probably will be a rerating of banks. if you're patient over the long-term, there's money to be made i just think in the near term, there's no catalyst. it broke to the downside before it did that, you saw some outperformance banks outperformed along with the yield curve steepening i think it stays there inflation expectations have started to roll over a bit i don't think people believe the fed can push inflation back to 2% or above. fade citi. >> karen >> yeah. i would trade it i am long. but i think it's not about the net interest margin for citibank it's about the gigantic discount

to book value. it's also about the cloud they're under right now from their risk management. i think when we hear what the penalties will be or what the restrictions will be from the regulator, i think when those are announced, that will actually be the catalyst for others to trade it, i guess. i think i am optimistic about a general bank rally for bo a lot of bad news is priced in for this price. >> full-tiinally gilead, down ny 18%. guy, trading or fading >> i love when we fire these graphics i'd trade this, brian. i'd trade it based on the fact that 61.5 has been huge support going back to december of 2018 tested it a few times and it

bounced. i think we're going to bounce with it here it's still a premium company with a great balance sheet they're a victim of their own success. i'd say trade it >> jeff? >> i think guy copied my homework i was going to say the exact same thing you go back a couple of years, this thing has traded like clock work between the low 80s and the low 60s. i think you trade it here just on the near term technical support that's been really stable for some time i think you can trade it to at least that $70 level >> trade it or fade it is over all right. so we heard from the major power players in the world today at the delivering alpha conference.

here's social capital ceo's take. >> the markets are going higher because i think the presidency and the impact of the presidency is being divorced from the economic future and prosperity of america i think it is really important to understand that you have coupled together monetary fiscal poli policy >> joining us with reaction and more is jusef. do you agree with him? i think he's making the structural argument for basically politics. >> i disagree with that. i think politics do matter, but only to a small degree i think over the medium to long-term, really what you're going to see is the market is going to go up and you have to be in equities and especially

after the election regardless of the winner you've got to be buying now and anticipating the run-up and the cure for covid next year and potentially more stimulus as well. >> you know, there was always this case for years, whatever it might be, generally it's financial data, not health data where bad news is kind of good news because it meant the fed was in play. we want covid to simply go away. we want no more people to go sick or die from it. but the idea being that if we do unfortunately get a second wave or whatever it's going to be called in the wintertime, that that increases the chances of more monetary and fiscal stimulus. >> definitely. i think we get stimulus one way or the other the question is whether we get stimulus before the election or after the election in either case, i think now is the time to be buying your

consum consumer discretionary names you can't not bet on the american consumer. people have money to spend and people want to spend it. you have to bet on them. >> it's tim seymour. thanks for joining us. i don't actually agree that you've seen monetary and fiscal coupled. i think the more important thing is the upcoming earnings season. where do you actually expect disappointment out of companies that have pulled a lot of good news forward in terms of cost savings and maybe even their outlook. >> i think you have to be cautious of anything to do with financials or insurance. insurance companies have to have a portion of their books in fixed income there's no money to be made there. i think they're going to

struggle >> what's interesting is that you think that utilities -- i mean, they used to be pboring, but they've made a lot of money in the last 12 to 18 months. utilities do well under either administration. >> yeah. utilities are a pick that regardless of what happens with the election, i think you're going to get stimulus next year. if trump wins, you probably get deregulation deregulation is good for the utilities. if biden wins, you're probably going to get some infrastructure spending bill that's going to be beneficial for them. regardless of who wins, you've got a lot of tailwinds and low interest rates and dividend payments, you've got to love that in this kind of environment. >> you also like purple, the mattress company and facebook.

he made the case for utilities karen, your take on his picks and thoughts >> well, facebook is one he likes and one that i've owned for a while. i did not watch "social dilemma" last night i was watching that other ridiculous entertainment i don't know what you call it. facebook, small businesses need advertising. this is the place you have to go it's not crazy expensive either. >> i watched it before the debate which seems timely. do yourself a favor, check it out. breaking news on stimulus. this could be a market mover where we stand do we stand anywhere >> reporter: brian, the house will not vote tonight on democrats' $2.2 trillion coronavirus aid package to allow more time for house speaker noise and treasury secretary

steven mnuchin to continue their negotiations this is a reversal from about two hours ago when discussions between pelosi and mnuchin wrapped up for the day without an agreement then democrats decided to move forward with this vote on their own package. however, that is now being delayed until tomorrow to give more time for the talks to continue so we will see if there is any type of breakthrough in those discussions overnight. but for now, democrats not voting on their package in the hopes of perhaps reaching a deal with the white house back over to you >> jeff mills, your reaction >> yeah. that's why i'm still worried a little bit about the consumer. i'm not sure that stimulus is a done deal. we look at the consumer confidence numbers this week it's almost a step function down depending on the income bracket. higher incomes, it was up about 18 or 19 points. lower income was actually down 6

points i think the higher income is going to be good for housing, taking advantage of low interest rates. the broad consumer continues to perform. we had this income replacement it's gone. you're going to need to see that lower end catch up with the layoffs and unemployment numbers continuing to rise, i'm still concerned i'm not convinced we get stimulus >> jeff makes a great point. i think it's probably encouraging the fact that they're not going to a vote and the two sides are going to continue to talk to me, that's probably bullish on the margins i think the most fascinating thing, in my opinion, that comes out of this is president trump's a winner either way in my opinion. if they get a stimulus deal, they'll be able to say look what i've done for you in terms of money in your pockets. if they don't, they'll say look what obstruction democrats have done

the fact that they're still talking is, to me, a bullish thing. we have a long way to go coming up, a palantir pop. we're going to break down the big day one action from one of this year's hottest public market debuts. also, the nfl postponing one of this week's big games by a day

welcome back palantir making a big splash in its first day of trading on the new york stock exchange. shares of the secretive security company rallying 31% today josh lipton has more on palantir's big debut >> so palantir is showing accelerating revenue growth. what is this company's path to profitability? here's what ceo alex karp tells us. >> it turns out our financials are quite simply you look at this dramatic growth with flat lining expenses. i think that gives investors comfort. it certainly makes me feel that we made the right decision to

invest heavily over well over a decade in software and you see the results. >> one potential risk here, only 125 customers, but karp saying he's confident he can expand business with existing customers and attract new ones there's also the question of corporate governance with founders controlling just over 50% of palantir's voting power cap s karp says that's necessary. >> we need to go to our intel and defense clients and say we will not just throw with the wind those shares give us a unique ability to have long-term commitments to the most important clients in the world, both commercial and government >> back to you, brian. >> josh lipton on palantir, thank you very much. let's talk more now about this

karen, you're not necessarily a jump into an ipo type of investor, but it's an interesting company with some big-name backers what do you think? >> it is an interesting company. that was a great interview i don't own it, but so much has been made about governance here and i care a lot about governance, but i actually think this doesn't matter at all, because many of these companies, you have no voting rights or essentially no voting rights here, you really have no say whatsoever, but that doesn't matter that's not why you own it. if they get into trouble and need a management change, it becomes an uber at some point, okay, but don't that be an obstacle if you do want to own it. >> i thought the same because they have such a secretive business that maybe they don't want somebody else taking control so they can protect those assets. we are just getting started here on "fast money.

>> announcer: it's timeout for the titans what the delay of the game and potential fallout for the nfl could mean for gambling stocks and later, lululemon stretching higher tayod we'll bring you the call aflac! now tell me, what does aflac do? aflac pays you money directly to help with unexpected medical bills. and is aflac health insurance? no, but it can help with expenses health insurance doesn't cover! that's right. are there any questions? -coach! -yes? can i get one of those cool blue blazers? you know i can't play favorites. alright let's talk coverage. it's go time! get help with expenses health insurance doesn't cover. mmm hmm! get to know us at aflac.com

welcome back to "fast money. we are following a developing story out of the nfl the league postponing a game for the first time due to a covid outbreak contessa brewer has the details. >> reporter: brian, nfl has postponed sunday's game between

the pittsburgh steelers and the tennessee titans because three titans players and five team personnel tested positive for coronavirus. now, this outbreak shuts down in-person club activities for tennessee and for minnesota, because the vikings had just played them last weekend this is exactly what sports betting companies have worried about. they've seen a rush of gamblers with the kickoff of the nfl season, but if the season gets disrupted, so do the bets. it took its toll on sports betting stocks yesterday, although they rebounded somewhat today. penn up almost 5% today. barstool sports is up 14% week over week. draftkings up 5.5% today, almost 11% week to date mgm down today certainly it was an early adopter here and a major player and competitor for sports betting. caesar's down almost 2% week to

date it offered up 30 million new shares for a bet to acquire you pay sports betting company william hill william hill operates caesar's sports books nationwide and others around the country. these companies are investing so much money to stake out their territory in sports betting. they know that if covid forces sports into a timeout, they know what happens >> contessa, it's unfortunate this happened but it sounds like they're going to play the game maybe monday or tuesday. let's talk about some of the tools that are out there i use clear, which is the security thing at the airport. i understand the nhl used that mgm might be set to roll this out. how do we use biometric

screening devices for covid? i'm trying to figure out the connection. >> reporter: you've got clear who already knows how to use o biombi biometrics for airport safety. they can do the same thing for health safety. you upload a health pass, you go through the clear kiosk to check your temperature this is a system-wide monitoring device the way it was described to me is sort of a digital vaccine before vaccine can come into play we know it worked successfully for the nhl when they were doing the stanley cup up in their bubble up in canada. we know the nba used some of their biometric tools this season let's see how it's implemented in other arenas where you have to have that close physical contact. certainly to get people back

into stadiums, that kind of thing is going to be necessary >> if they play the game on tuesday, that's kind of cool as long as everybody's okay then we have something to do on tuesday besides watch the yankees, which could lead to more betting. >> the bottom line, brian, here is you happen to have this bizarre, extraordinary, amazing confluence of every major sporting league and event taking place from august through the end of november. even if that was wiped out, the message here is whether you're draftkings or cesaesar's and caesar's with this william hill acquisition are really going for poll position. it tells you the size of the addressable market, tells you where the country is going in terms of legislation, tells you where the mind set and tells you where the interactivity is

going. bravo for caesar's who's been out in front of this and draftkings tells you the size of the addressable market is a discounted process back for investors to say this is what i can pay today for tomorrow. >> i think caesar's is sort of the cole trickle of this thing draftkings is the rowdy days for all you "days of thunder" fans they could cancel sports tomorrow and draftkings rallies. i understand why you would not like the stock on valuation, why if you've enjoyed the run, you want to sell it. i think the stock continues to

go higher, to tim's point. >> the stock is up 450% so far year to date that game could be played on tuesday. coming up, boeing taking a major step today to get its grounded 737 max back in the air. what it means for the struggling stock. what options traders think could happen when pepsi reports their numbers tomorrow morning - [narrator] at southern new hampshire university,

we're committed to making college more accessible by making it more affordable, that's why we're keeping our tuition the same through the year 2021. - i knew snhu was the place for me when i saw how affordable it was. i ran to my husband with my computer and i said, "look, we can do this." - [narrator] take advantage of some of the lowest online tuition rates in the nation. find your degree at snhu.edu.

breaking news out of washington, d.c. >> reporter: the senate has the votes it needs to pass a stopgap funding bill that would keep the government open through december 11th six republicans have voted against it, but a majority of senators have voted for it and it does have bipartisan support. the house has already passed this bill as well. so the next step would be for it to go to the president's desk. he is expected to sign it. let's switch gears shares of boeing taking off today as the head of the faa

actually personally flew a test flight of the company's grounde 737 max plane. >> this was an important hurdle for boeing and the 737 max at least on the appearances of the comments from faa administrator, he liked what he saw, although he was fairly cautious about saying much more beyond that. he checked out the plane before he took it on a two-hour test flight, putting it through all the same maneuvers the plane went through when it went through a lot of its certification flights over the last month or so the flight control software was checks here's dixon after he landed, what he had to say about his flight >> i liked what i saw. it's been a constructive week. that doesn't mean that i don't have some debrief items for the boeing team and the faa team we'll be doing some debriefs

later on this afternoon. i have some observations i'm going to share with them. >> he didn't exactly sign off on it, but it certainly was a fairly up beat assessment of what he thought of the 737 max since it's been updated. ungrounding by the end of the year is likely a return to service is expected in early 2021. remember, the max has been grounded for more than 18 months there are some who believe that the faa could sign off on it being recertified by the middle of november. if that happens, then you start to see the wheels go in motion for the plane to get back in the air. that's why we're going to take a look at the three u.s. airlines that have the max in their fleet, southwest, american and united they're all expected to get this plane back in the air early next year just a matter of getting the pilot training place

>> phil, thank you very much let's trade this jeff mills, this was a $440 stock a year and a half ago. we forget that 44 bu 440 bucks a year and a half ago. good news about the max, but we don't need more planes >> if you look at the stock, it's bumping up against that downward sloping 50-day moving average, so the chart doesn't look great i think about the timeline for aircraft demand recovery the runway, pun intended, looks a little bit long still. it's not that people aren't going to fly they are but where does that demand plateau? you look at the tsa traveler data it has plateaued after the summer some of the industry estimates talk about a 66% decline in air travel in 2020 that's greater than the 63% they were predicting before

3% is 220 million passenger miles. it's material. we continue to be in this situation where air travel is not obviously recovering it's still going to be a long runway for aircraft demand to recover, so i'm not real excited about boeing even at these levels >> even 280 off of its highs from 18 months ago. >> maybe it never should have been there i don't want to own it here. i'm too afraid of the airlines the only thing that's better about boeing than being in the airlines is that it's an oligopoly. everything else about the airline business is bad, including prices for used planes so i don't own boeing.

coming up, your call of the day. it's a wall street firm that sees lululemon stretching about 20% higher from here plus, pepsi ar ashesre flat on the year, but options traders see a rally. ♪ ♪ ♪ ♪ "hmm's and ahh's" heard in-call.

♪

bank of america getting bullish on lululemon it is your call of the day analysts saying that lulu is one of the best growth stories in retail, adding its wins post-covid could be just as big as they have been during the work-from-home boom. guy, we know you're a big lulu fan, but do you see the stock adding another 18% from here >> i'm not sure. i got no issue with that whatsoever i've got to tell you something, the men's is now 50/50 with the women's. this stock has done everything you want it to go back in february. it went from 260 to 130.

now recently went from 400 down to 295 i think this is a great call by them maybe a week or so late, but good for them for doing it i absolutely think we're going to take out those recent highs, my buying habits notwithstanding. >> i think if you look at the near acquisition, that makes a lot of sense especially after we've seen the continued dominance of peloton essentially in that space. if you look at the addressable market, the menswear has been part of the driver for the growth story here. i think if you look at the overall trends for athleisure, that which worked for covid round one, unfortunately i think we're having covid round two and the work-from-home trends stay the same at a minimum. maybe this is a stock that has a floor underneath it.

>> karen >> yeah. it's a great company, but at a 78 multiple, i think that reflects a lot of good things already happening. i know analysts talk about international. it's not a big part of their business it's 12% or so that's good. this stock is expensive to the market and expensive to itself i might be a little biassed because i sold it in the low 300s so that might be coloring my view of it, but i think it's just too expensive we've got some news on united airlines. phil lebeau is back. >> today is the day when airlines have to say if they are going to be taking a loan from the treasury department, how much will it be for. united is saying it will take a loan for $5.17 billion we've known for more than a week that united planned to take this

loan we didn't know the exact amount. again, it's $5.17 billion that united will be borrowing from the treasury department. going into the third quarter, united was sitting on $24 billion in debt. add this on top of it and you're looking at somewhere around $30 billion in debt. >> is this going to be secured by the frequent flyer miles? >> no. this is part of the agreement with the treasury department treasury put $50 billion aside for the airlines back in march, 25 for payroll support, another 25 if they needed to borrow from the federal government to assist in running their businesses. the separate loan was in the private market where united said, okay, this is what we're going to be doing with our mileage plus program >> thank you

tim, your take, news, ual, materials? >> i think you've got to an extent they've been on the leading edge of creative financing here if you look at the big three, they are the ones with probably the most to gain i think american is a no-touch i think delta's balance sheet allows them to at least call the shots for now through the end of 2021 relative value, delta air lines is the call here >> i'm glad tim said that, because in terms of balance sheets and having to borrow and all those types of things, all airlines are not created equal i think delta has shown they're best in breed on that front as well i think karen made the point earlier, there's still so much uncertainty out there in terms of travel. i don't know why you'd go piling

into these names right here. >> jeff mills, any airline stock that you would own right now >> not right now i mean, i've talked about in a would you rather capacity that i like southwest when you look at their revenue mix, their exposure to international and business travel, they're probably the best suited for the current environment. but just to under score the points i made before relative to travel demand, i don't know that it snaps back at the pace that we thought it was snapping back. i'm still staying away >> it got to 800,000 daily travelers and then it just plateaued. there's really nowhere to go, is the problem. we are counting down to pepsi earnings the soda giant reporting tomorrow morning before the bell options traders are now betting that pepsi could pop when those results cross the wire mike khouw here with your options action

>> so taking a look at pepsi, what we saw was more than two times the average daily options volume over the last eight quarters the stock has averaged a move of only 1.75% right now the options market is implying only 2.1% move. that means options are relatively inexpensive the most active options are the weekly 140 strike calls. we're playing ond 96 cents for those, buying those calls, betting that the stock will rise above the stock price. >> from an equity perspective, a year ago pepsi was $138 stock. today it's a $138 stock. sounds like the market may be providing some juice, pun

intended >> that's exactly right. one of the things we're expecting to see, they've been outperforming coke, which was a name we talked about earlier this week. i think we're probably going to see a modest boost on the revenue side, so pepsi might be a decent play on the long side. >> i got a chortle or guffaw out of mike khouw. any of the traders out there, tim seymour, how about you, a view on pepsi? the stock's done nothing, but you see a little options action there. >> i think pepsi is a high quality company that the trends in covid have supported. i actually own coca-cola i think you can own both stocks here i think in an environment where people may be looking for a whole defensive, know there's a great balance sheet, know there's fantastic management i think some of the current trends are in their favor. >> bsue re to tune into the full

program every friday at 5:30 p.m. eastern time. up next, your final wednesday trade. ♪ ♪ ♪ ♪ ♪ ♪

♪ good job, michael! does. ok, lindsey now tell the class what your mommy does... my mom has super powers. it's like she can see the future. what?! it's like she time travels in a rocket ship. that's cool! and then she comes back saying "try this" or "try that." she helps everyone. she helps them feel less worried. wow! mommy, so what is it that you do? i'm a financial advisor. she is! aig proudly supports all the professionals taking care of our financial futures.

time for your final trade. let's go around the horn jeff mills, why don't you kick us off >> i think 3m is worth a look. it's down somewhere in the neighborhood of 40%. it really looks like it wants to turn higher. actions trading at a pretty heavy discount any rerating in the multiple i think could go significantly higher. >> rowdy gains was a highly decorated olympic center from the '80s i think gold is moving

higher >> karen >> so i'm always lock stocks no matter what, but i do want to own protection the vix is off 22% since the peak in early september, so i want to buy s&p 500 protection >> tom cruise a huge "fast money" fan hey, tom, hope all is my mission is simple to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i want to make you money. my job is to train, educate and teach you. call or tweet me @jimcramer. as much as everyon