environment, and they blew it all away they rallied hard after snap's numbers because i think the bar is high. >> i can't wait for tech i love those closing bell tech reporting. thursday in particular so many coming >> my 2-year-old son would probably like that monster jam segment the best that will be hard to top >> sam adams says crack a beer on the show. we are out of time "fast money" starts now. >> the lineup tonight with me is tim seymour, guy adami, karen finerman and bonawyn eison >> do these names deserve a second look? names straight ahead and in the after hours session and we are having fun later as

we he as we talk about companies that should be on your radar. next week is monster reporting hi, carter, who is charting the action >> it was a big week for rates and areas of the market benefit from that. most notably banks and other financials, but lets look at a handful of charts. the first i have is the ten-year yield chart. what you see is that for the first time in almost two years the moving average is flat and on the cusp of turning up. the point of a moving average, when you break above a trend or you can measure it and the automated average is a trend line, the trend is measured by

the inflection point we have that by all accounts in ten-year yields. and the second chart is the same circumstance the moving average has been declining for sometime and is now declining and deflecting upward next, same circumstance. do all turns persist could these faith and turn back? >> sure. most had earnings last week and didn't do that well, but the rate move has helped this area we think rates go higher, banks in particular. this is where we are now in relation to the june high. we are at about 1.65 and went as high as 1.76 we think we will go as high as 1.76 for 30-year yield for 10-year yields we are sitting here at 85 basis points

and june high, almost 1% look at the kre and bkx were we to go back to the first week of june, we are looking at a good move, roughly 10 to 12% in both. so whether you call it cyclical or defensive or growth or value, what we do know is that they are important turns having been lag guards. >> so what does this mean? steve, in general, rising rates should be a good thing, but in more recent history it has been a bad thing for the market >> it is not a good thing for technology stocks. never buy technology in a rising rate environment

you want to buy cyclicals. as carter left it off you can call it cyclical, value. when you are looking at the presidential election, if you look at a biden win, could you see where the polls started to increase for biden then you saw rates start to increase that's the reflation when you see these rumors about massive spending, it makes people get out of bonds or treasuries they sell them and then the rates move higher from there you can't pass on costs in technology that's why you don't want to be there. so you want to be in the things that have not worked that's why you have seen those things outperformed. ke chemical names, industrial

stocks, these things are up 10% in short order >> we see 1%, as carter is forecasting, what does the stock market do? >> i think the stock market can hang in if we see one percent. then you turn back the other way. i don't think the message from rates has changed that much. when you think about yields and growth expectations plus growth expectations, i think the move we have seen so far is term premium. you are seeing a high correlation between a democratic sweep and a ten-year treasury yield. the term preemie has increased it hasn't been growth or inflation expectations i think the increase in term premium is hard to sustain

treasuries are at their cheapest on a yen basis it puts pressure on the yields, flattens the curve so i think that might be the situation we are in. >> until the point it reverses, in it goes higher. would you a buyer of the banks on this anticipated move higher from where we are? >> yeah. i have been pretty bullish when it comes to the tech names but i would take a second look especially at the regional bank. regional rates might see a push higher that's something you would want to take a look at. also, the bigger banks, having

strong division outside, so taking a second look at banks is something i will do and driven primarily on if this trend can hold i think that's what we will be looking at going forward >> victoria, does it be that the economy has to improve or could it be that rates rise and we are in this weird situation where we are issuing a lot of deck where we are pumping stimulus because the economy has stumbled is that still a decent dropback for banks? >> i think the immediate thing for banks is the stimulus. when you look at the yields, it is about a 40-basis point range. if you add that, i think you get to 1 1/4 high. that's not going to be enough for the federal reserve to

change anything they have been doing. so you are going to have low rates down to zero on the short end and have a steeper curve i think the bank having the backstop, which it looks like it might be a larger stimulus package after the election, that will be enough of a foundation to keep the long end going higher it's good for banks and i think for the fixed income investors they have been waiting to jump back in at higher yields >> so the red-hot housing trade, does that come to a halt or at least a pause as you see rates move higher? >> the ten-year on a yield basis increased by 44% from september so just a month ago. we have seen a stock like lennar

which i have been in and out of at 20% i don't think it will kill the housing trade. covid is creating the housing boom everyone is moving out of city areas. not enough housing out there there are multiple dynamics that have created the housing boom, but it is not singularly based on rates anymore by the way, i am going to drop that school. i am going to say put on my mit hat, but it's jeff mills' hat. >> even though you have no tie to mit >> what is the point of going there if i can't talk about it >> we are following a developing story in the after hour session in the race for a covid vaccine.

details next >> it was a big afternoon about covid vaccines both as zen ka and johnson and johnson said their vaccine trials are resuming in the united states. they had been put on hold. going back to september after some events in the trial, they said the fda reviewed all data and said it is safe to resume the trial. they said they expect the trial later this year. the company is saying it's ready to resume recruitment in the united states and that's after independent data and safety board recommended resuming the

trial in consultation with the fda. they say no clear cause has been identified the company found no evidence that the vaccine candidate caused the event the company going further and saying they don't know if the participant was on the vaccine or placebo but we would assume if it was on the placebo we could have known sooner it took about 10 to 14 days. >> they still hope to get data by the end of the year remember, this trial only requires one shot of the vaccine versus all of the others in the leadup which require two shots so they should be able to garner data faster in the trial and there are 60,000 people around

the world. he said because we are seeing these terrible spikes in cases, they might get data faster >> this is the first company that president trump mentioned last night at the debate even though it was on pause at that point. interesting development. one question for you, the biggest vaccine trade would be what and it doesn't have to be a vaccine maker. if there is a vaccine, which stock sector would have the biggest upside >> very broad, but i think it is the value growth trade what we have seen in the he c-- equity market is with things like vaccine small caps have been ripping, copp copper versus gold if you get more optimism about a vaccine, you see a more

sustainable rotation into value because people assume we can go back to normal a bit more quickly and the economy is on more stable footing. especially because you have such evaluation difference in the market, i think there is an opportunity for big moves on both sides >> we are getting ready for the busiest week of this earnings season what traders are watching and how you should position yourself and later, check out this monster move isnn ap we will look at it and some other big movers

flexshares may look like other etfs. but inside... there's advanced research, modeling and refinement. constructing funds that don't simply follow an index. but explore new terrain. helping you fill portfolio gaps. connect to client goals. and strengthen confidence in you. flexshares. powered by over a century of investment expertise. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com

for a prospectus containing this information. read it carefully. for a prospectus it's time you make the rules. so join the 2 million people who have switched to xfinity mobile. you can choose from the latest phones or bring your own device and choose the amount of data that's right for you to save even more. and you'll get 5g at no extra cost. all on the most reliable network. so choose a data option that's right for you. get 5g included and save up to $400 dollars a year on the network rated #1 in customer satisfaction. it's your wireless. your rules. only with xfinity mobile.

welcome back we are gearing up for a huge week of earnings so we thought it would be a good time to play -- >> trade it or fade it >> pfizer, the pharmaceutical company still negative for the year as the company works toward a vaccine. >> i would trade it. i have been an owner of pfizer for years. that's the only reason why i feel the need to say trade it.

i don't want to confuse the viewer if i am looking for a short time horizon, all of these trades are lower than july. that means they are running out of momentum. that means it's buy the rum mor sell the news. >> that's not confusing. trade it or fade it? >> we are going to trade ups the changes we have seen to behavior is a one time boost to online ordering, perhaps it is not a name you want to get involved with. people are ordering everything online and having it delivery, whether groceries, school supplies, clothing so we think ups longer term has

good potential you might get a slight pull back on earnings that allows you to get in at a better price >> boeing is down nearly 50% this year. trade it or fade it? >> fade if it has been stuck at that moving average for months moontsd -- months and months. >> you heard the ceo talking about it will be a long road back to normal specifically talking about business travel. boeing continues to push back the time deadline. if i wanted to get exposure in this space, i still like southwest. the chart is showing good momentum here. exposure to business travel and international travel i think is better than some of the other

carriers so i would stick there rather than boeing. >> finally, apple up nearly 57% this year as itgoers up to launch the iphone 12 >> i am going to trade it. every time i get a new apple product. i always have to use it. i have seen a pullback and i think investors are taking gains off the table. i think it's going back to the power of apple some of the things going forward, as iphone 12. and they are consistently giving people a reason to be into the stock. >> coming up, cars, clothes and cameras. why these names could deserve a full blown rerating.

and later we have our head in the cloud. we started goodrx in 2011 because too many people in the

united states can't easily get to a doctor or afford the treatment they need. that's why goodrx has built a leading consumer-focused digital healthcare platform. we wanted to make shopping for healthcare as easy as it is to shop for travel or electronics. as a public company, we hope to provide even more services that help people get the healthcare they need at a price they can afford. if you're concerned about the environment and climate change, how do you find companies that are driving the right outcomes? if you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities? for nearly 40 years, calvert has delivered competitive returns by investing in companies making a difference because we see value in doing good. talk to your financial advisor about investing responsibly

with calvert. >> let's meet the candidates >> gap jumping after announcing big store closures and gm jumping with announcement of the ev hummer let's kick off with the gap. is this a turn around taking

hold >> old navy is a good business because most of them are located outside malls. unfortunately, there is too much in that sausage to be a buyer of this i think occasionally you can get some of the parts and i understand why it rallied, but longer term, stores are located all over the place, too much going on, too much room for seller >> victoria, which stock do you think deserves a rerating. >> probably snap out of the ones we talked about here i agree with steve on gap. i am not sure they deserve that yet. they are saying athletic and old

navy will be 70% of their sales and that was the key on them they have this venture with major league baseball. their ad business is doing well. my teenage daughter, that's the only way she communicates with herfriends if any of these are going to have a rerating, i think snap is where that would happen. >> which one do you like >> i like gap for the rerating when they had the power plan, they did all of the things that investors were looking for, shareholders were looking for. they talked about putting their shift behind e-commerce. these are signs investors were looking for. and fixing their real estate issues in phasing out of falls

athlet brand, it has high marks. they are key on the fact they understand where we sit, where we will all be working from home, that leisure wear is important. i like that and that's where my rerating is. >> i can jump quickly and talk about gm we haven't mentioned that. i buy the rerating story there i think at eight times forward earnings the stock might be too cheap. when you think about what they have announced as far as investing billions of dollars into the ev space, i think there is an opportunity for them we see multiples that companies like tesla carry into the space. i think they carry a higher multiple i would watch that $40 it hasn't been able to hold that

level for a long time. if you see it above that, then it's time to buy it. >> jeff? >> i lean his way, but what are you going to equate snap to i think gm is outperforming ford maybe they get tesla shine leaning their way. time for the final trade >> i am going to go with gap i think this has room to run >> victoria? >> i am going to do my rice owls had and say the visa

they have solid sheets i think that's the way to go >> sonos i see it going to 18 or 20 soon. >> draftkings. >> that does it for that we will be back. ♪

♪ ♪ ♪ ♪

♪ i got it all from you ♪ i'm always pushing through ♪ i know we'll make it to the finish line ♪

♪ i know you're waiting on the other side ♪ ♪ i'm like you on-demand glucose monitoring. because they're always on. another life-changing technology from abbott. so you don't wait for life. you live it. happy friday we have a great show lined up for you. here is what is coming up. >> big tech on deck, but watch out for the albatross. and one you might heed the warning of and then, what is the dilley-yo with twilio. it will be broken down into terms you can understand >> and trading his