time 12 to 2:00 p.m. eastern time we have a different but fascinating duo. the man overseeing the development of the astrazeneca vaccine i. and sir john bell from oxford university we are out of time "fast money" starts next >> i'm melissa lee tonight on "fast money" we are breaking out the fancy silverware and serving up a free thanksgiving feast and target, shares that went surging. and you will hear from micro strategy, how they are cashing in we will have the answers to your

burning questions. tweet us your questions and we may answer them on the air first we countdown to christmas. only 29 days to go the official kickoff of the holiday season is this friday. s&p rallied 20% since the first of september so we thought we would ask this question which is the best black friday buy. let's kick it off with you, tim. you have the yule log going. >> with it being the holidays, i thought i would have a fire to keep warm. macy's has had such a remarkable run over the past weeks. the fundamentals are if you look at those numbers they reported, 40% of sales from digital,

customers who have come to macy's in the online doors it is a company that its best days may be behind it but its worst days i think are behind it short interest has a lot to do with this. if you look at cds and credit guys who talk about some of these more beleaguered guys, the story over the last three weeks is that you have seen some tightening of the macy's sheet and the cash flow is expected again into the fourth quarter. i like macy's. beauty may come back but maybe not quite as much. if you had a look at department stores over specialty reatail,

department stores are stealing the thunder even though they are broken >> everybody is on zoom calls. but lipstick and concealer and blush and all of the stuff to get ready for all of these video conferences. no judgments if it is in fact you, but you didn't like ulta as your top pick. >> i didn't. we are going into the holidays and last thing you want to do is purchase something and end up with a lump of coal. we have talked about challenges to the supply and demand system. for me it's a company like target they have a vertically integrated business model, wide array of offerings, trades cheap to walmart and it navigates to some of the other challenges we see in the other sectors for me it's what i deliver to my

friends and family and make sure there is downside protection >> mike, you also liked target will a post pandemic environment be such that target can maintain its multiple >> both you and bonawyn hit on key things for target. one, target is trading at a discount to walmart. one of the reasons walmart is trading at that lofty value is because they are trying to figure out digital and ones that can transition to digital landscape will be important. i hit it target will follow walmart. amazon, look how it's priced relative to the market right there with the s&p, but we

have the potential what you were referring to is the fact that some names like target have been bolstered by the rush to buy needed goods and target has been an important supplier of those, but target and walmart have been making transition into grocery phase. i do like lulu i don't think target is completely out of the woods, but i think they are somewhat out of the woods. there is still material upside for macy's if they pull it off as far as lulu is concerned, i think they are becoming a life-style brand companies i would look to for example might include things like nike so i think there is potential in lulu as well, but

target is my pick. >> i know grasso is dressed up on the top, but on the bottom it is sweat pants you stood up the other day and you had on sweatpants. why wouldn't you like lulu >> today i am wearing green christmas pants with trees on them to clear that up who of did well this year is not going to do well next year but whoever didn't do well will do well in the next quarter or so tim laid out a great fundamental story on macy's. they are down 34% for the year but up 90% in december ulta up 10% for the year and up

43% for november target up 40% for the year and up 20% so you see the pattern there, that if you did well, it's hard to replicate it come 2021. i love target, love lulu they doubled their market offering stuff for men as well but the problem is, in order to do well in 2021, you have to do better than you did in 2020. the bar is extremely low for macy's all of this tail wind for names that didn't perform this year that will in the next quarter. >> that's dogs of retail you take the dogs this year and they will be top performers next year tim, do you buy into that mentality? >> by the way, last night we were shocked to learn that b.k. was only wearing yoga pants

these days perspective on what has happened to the world i would prefer steve te's chriss pants. i think the fourth quarter will be solid i think they are to be owned up until you get four q earnings. we will have seen a lot of sales pull forward with a number of players, especially with the stay at home and also a longer holiday season i am not sure i want to own a lot of these retailers into next year, but i think the story and runway we will get is through year end i think sales will be strong if you look at trends overall, after a three, almost four-year wicked underperformance to the s&p by xrt, over the last 14 or 15 months, it has outperformed

by 20. retail has started to turn the tide i think a lot of this has been these companies that have changed from being brick and mortar and big box stores that had to adjust to a digital environment. they are doing that. in the same way that amazon is no longer the same tech play, i think a lot of these retailers will be thought of the same way. it is a long way of saying i think you will have a continued recovery in retail >> we should be clear with xrt, the components are unusual, names that you wouldn't necessarily think of as top components of the xrt. so how does that change your view of how this index will do going into what will be their reporting season in the first quarter, mike? >> i think that's a great point. when we look whether it's exchange, trade or product, most

thought of are tech. the biggest representation of constituents of those products, but with xrt, that isn't the case you have a lot of auto retailing, for example those are the things increasingly problematic big ticket items, if you see continued weakness out of consumers where they might be stretched, one of the reasons i like target is they sell the staples, things people need to buy. when you look at xrt and the more discretionary stuff, that's the area i get more concerned. things like lulu, upper end things, they might be more immune >> video game consoles are hot, but good luck finding one. josh >> melissa, the biggest console

launch ever is how sony is describing the launch of its play station v console we don't have the numbers, but presumably that will mean more than they shipped in q 4 2014. it hasn't been easy to buy these consoles from sony or microsoft. microsoft executive suggested its new consoles will be supply c constrained into next year why? demanding is said to be way up as people all over the world look for in-home entertainment due to the pandemic. also, companies do limit volume, at least early on. margins are thin due to new

pricing components that changes over time as prices drop and volume picks up who will win this war? lewis ward said he forecasts his bet on sony. for microsoft he estimates 3.7 million. >> thanks. bonawyn, i don't know if you are in the market for a console. but we know that they have been hot during this pandemic >> back when i was a kid and playing them and could never get them or waiting in a long line, i don't think that has changed i think investors want to demanding growth i look at take two priced to earnings which is rich vis-a-vis the space, but if you

look at the cap revenue that company spits off, i think it's justified. >> grasso, where do you go >> i like the take two because it is right at resistance levels looks like it is going to break through the 175, 180 level electronic arts has rolled over. i am talking all technicals here even though kids are clamoring around for their xbox or play station, we used to play this with invidia because you wanted that gaming chip or we would say play it through microsoft, but both of those names are getting hit, out of growth and into value. if you are gaming, make it stick. i would go hand up with

bonawyn's take two >> you have been in the market for these consoles for your own kids and you haven't found them, have you >> the play station 5 that i finally got my hands on was delivered 45 minutes ago i ordered it through walmart.com. i have to tell you -- >> don't you think your children are watching this and you are ruining the surprise for them? >> first of all, i absolutely -- >> it's for mike, not his kids >> steve, there is something i am getting for myself, too that has also been very hard to come by. there is high demand for that. i know there is high demanding for xbox i am bullish on sony as a result i like take two. what concerns me is game stop.

the reason they concern me is because when you take a look, it's all digital delivery, so whether you want the hardware that invidia represents, when you want the new southeaest plan or xbox, if it is game content, great. but if you are distributing it, you are only getting it digitally. >> any christmas surprises you would like to blow >> there are some presents from santa and some from mom and dad. make sure they know this is from mom and pop, not santa very disappointing if you want a gaming play, the best gaming company in the world is the one that owns 40% of for

the f /* -- fortnight. you get exposure to chinese, which i realize is dangerous >> breaking news >> it is expected to announce members of the economic team next week, but multiple sources are telling us who are on the short list roger ferguson is currently under consideration for director of the economic council. he said he would retire at the end of 2021. further speculation about him joining this administration. and number two, ken schanalt is considered for a top economic

role a notable name to be added to this list. and finally, larry gensler, the head of the commodities organization is under consideration for deputy treasury secretary. previously he was talked as sec chairman, but now it is reported deputy treasury secretary. they all have experience working on wall street gensler worked at goldman sachs. chenault ran for two decades finally, expected to announce

next week for treasury and as much as people talk about joe biden serving one term as president, they wonder how long janet yellen would want to serve. so they have been looking as a deep bench and successors to yellen should she decide to step down before the four years was up >> gary gensler sticks out to me he is known for cracking down on wall street banks during his tenure does that change how one would view treasury and their willingness --

>> going into this new administration financials, relative to a lot of other sectors, since they have been the laggard i think if anything, i am a better buyer this is a common refrain we talk about more onerous regulation or fees or taxes on transactions those would concern me more. those usually emerge from congress >> gensler taught a course about bitcoin and is considered friendly to crypto currency. tim, what do you make of these potential picks? >> i think the u.s. treasury

should be in charge of our currency that's just my view on all of this i think the most important news outside of vaccine news was janet yellen the fact we have a treasury secretary who has been a fed chairman, has thought to provide more support for the economy during periods of stress and comes out of a period of innovation where maybe the fed has stepped way too far. you could make an argument we are merging fed and treasury terrible for the market. something that equities have found joy in there is a push for fiscal that certainly isn't there on the way out. when you combine that with a fed

chairman powell which basically this is what he has been asking for. this administration has defused a lot of the market oriented risk and radicalism fears, whether right or wrong, surrounding a change in the white house. so far the market has gotten almost everything they could ask for. >> it is not just gaming consoles coming up why it may be harder than ever to get the gift for your loved ones if you are able to find it. but shares soar on news of a sale coming up after the break.

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welcome back slack is soaring debo has the details >> news a deal could come as soon as next week. what is in it for slack? a teammate last year when it went public it

was notching growth of nearly 70%. amid the pandemic, stronger numbers, it has been a relative underperformer microsoft has been part of the story. it has the advantage of including the app as part of its office 365 bundle. and this could presumably help slack in that battle but for sales force, this isn't necessarily a win. shares ended lower by more than 5% sales force has been active in purchasing obieou and mule soft.

but some say this is not the right time quarterly earnings are next tuesday. we will see if anything materializes by then but not a call you want to miss. >> how do you feel about a potential deal between crm and slack. >> i believe in june or so we talked about slack and whether they were competing or not competing with microsoft slack appealing to more small businesses and microsoft to more behemoth businesses, et cetera, et cetera. in is a natural sequence you have -- a natural sequence

in terms of how you engage with your customer base and roll it up >> grasso, what do you make of it, especially from a crm perspective? >> i think crm had to do it. i understand why they did it i think people are slacked out, zoomed out i think this is a rearview mirror deal. as they started out saying why sales force did it it is a home run for slack i think the best days are behind zoom and slack and i understand that to be competitive with microsoft, salesforce had to do this so i am up in the air whether this is good for them going forward. >> why would they have to do it if you believe the best days of slack are behind it? why do you have to do a deal like that?

>> i don't know if i believe that i think the share price people are paying for, work at home software, may have peaked, but i don't think salesforce is playing offense. -- playing defense. i think they are playing offense. it can give it a whole new outlook. i think the collaboration element of this is a big win for c crm who saw a huge price increase relative to where they were six months ago, they got this thing for free i like the deal. they need to be thinking about tomorrow hopefully we are not all working from home at some point. mel, i would love to see you in the studio but i think collaboration and synergy, i think we have just begun. >> mike, what did you see in the

option space >> we saw a lot of activity in the options space. in the case of slack, more than 12 times average volume on the options side some was on some that expired friday the ones that expire ended up at $3 because the stock ended up at $40. options traders are betting a deal will be announced and are giving us some idea what the value is because i don't think that this type of work flow, whether working from home or office is going anywhere i am a slack user so i can say that >> slacker >> i can say they are trying to compete not only with them but

with zoom. >> we are just getting started >> a host of new challenges this year we break down what is in store as these companies rush to fill your holiday orders. and later, the industrial name on pace for one of its best weeks ever is it too late to get in or is the company building towards an even brighter future that and more when the super sized edition of "fast money" returns. ♪ ♪ ♪

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welcome back to "fast money. the holiday season is officially

underway frank? >> you know the holiday peak from black friday to new year's days are not traditionally a great time for carry yeiers like ex and ups and ahead of a trucker shortage, there will be an estimated 200,000 fewer drivers, delay in training schools and older drivers retiring that may not seem like a lot, but nearly 4 million truckers in the u.s. major trucking companies have warned about rising rates and hiring and retaining drivers westerner enterprises, a trucker for walmart, said it is already raising the cost for retailers

>> if the shortage of truck drivers persists, it is one of the things that drives rates >> and demand for delivery vans and tractor trailers also spiking. fed ex and ups have been clear saying that shortage is not affecting them, but it will have an impact on e-commerce on margins. >> you would think it would be the most wonderful time of year for these players, but in the past we have seen shipping delays impact stocks because of massive disappointment if mike didn't get that game console about an hour ago and that happened on a widespread basis across america, that could be an issue. >> i hope did he because he has not only destroyed the santa claus concept, but he better have walked in the door with

that thing with fedex and ups it was a big issue last year and bottlenecks they couldn't work through but the performance of those stocks, previous two holiday seasons, more cyclicality, but what we have learned from fedex and ups is they have mastered the b to c side. but what they are doing on ground express and doing things we didn't think they were going to do. i am long fedex. for those people who think it is time to take profits, i don't think we are through that yet. >> bono? >> clearly you might see some cost pressure in the interim, but i think these companies have done a good job.

we have been in this lockdown situation. the advantages on the front have already transpired i don't think this is much of a headwind in terms of share price. and i reiterate there isn't another alternative and a reason why i mentioned names like target and walmart who do have distribution and have gotten in front of this holiday rush scenario i think we have seen all of these companies prep for this and get ahead of the curve >> coming up, we will talk to the ceo of a company that could present a different way to play the crypto craze and don't forget, anxt era hour much "fast money" coming up at 6:00 p.m if you have questions, tweet them we will get you answers. "fast money" is back in two.

bitcoin topped 20,000 for the first time michael, great to have you with us we had you on because you are the ceo of a software company who decided to invest your cash

into bitcoin i wonder how you came about that decision do you think we have a lot of cash because our business generates a lot of cash. is it treasury, money market, what was your thought process? >> well, the story here is due to the rapid expansion of the monetary supply of the central banks, the cost capital has tripled from 5% to 15% over the last year. over the next four years, bond coupons will need to exceed that hurdle we had 500 million worth of cash, but we knew we would generate another 500 million worth of cash. we realized if we held it in cash it would deface by 10 or 15% per year bitcoin is the best safe haven treasury asset in the world

right now. and it is to be revered to gold in all aspects that being the case, a lot of people understand the asset story of bitcoin it is up each year annually. but what they don't understand is bitcoin is a monetary network and it is capable of storing and chaneling energy without power loss we got excited about this idea and saw it as a solution not just for the 300 trillion of tap cal -- capital in the world it's compelling. >> sorry to interrupt. cash on a balance sheet and wanting to preserve the power of that cash is one thing investing it in something that is speculative is another. are you a software company or a bitcoin hedge funneled d at thi

point. why bother with the software part of the business if you truly believe bitcoin is going to go up 100% every year going forward. >> we do have a software company generating trash, but if we allowed it to depreciate 15% a year, we would be losing on the p and l so that didn't make sense. the traditional concern about bitcoin was it might be hacked or copied or banned. after a decade, it has not been copied or hacked or banned so it is volatile in the first decade, but in the next decade it doesn't look to be that volatile it looks like it's emerging at the primary treasury reserve asset. >> how do you view the bitcoin

part of the business and you trim your bitcoin to be conservative i am not sure what your bitcoin position is. you initially invested 400 million or so back in august and that position has to be enormous by now >> we love the enterprise business, intelligence business, but we don't want to capitalize the company by going to zero and don't want to allow our treasury to debase by 10 or 20% per year. i think as investors understand the bitcoin story, they will my great and that will be a cycle of adoption, followed by value, followed by tech knonology

integration. that will drive more adoption. that means you want to plug your company into the bitcoin market. it is probably the biggest thing that has happened over the past decade it will be bigger than the fang stocks it is the ideal time to plug into it because 99% of investors don't understand what i just said and with 350 billion of bitcoin in the market, it has all been unstoppable >> last question, michael, and this is simple >> no longer invested in dollars. our balance sheet is invested in btc because we brief that's the best treasury as sset we could choose in the world.

>> thank you fascinating story. tim, this stock is up 84% in three months i will ask you from an investment standpoint. a person looking at the stock, do you see it as a bitcoin fund or software company? >> he couldn't answer the question how can i? i think you have a case where the argument in favor of bitcoin is one where we are seeing a lot of institutional players come on board and make it such that the market in support at this level of bitcoin is high a lot of people looking to buy the next pullback. he said two things he said the federal reserve and central banks around the world have created essentially obliteration, at least oppression and you have nothing else to do he has gone off the risk curve

while he's laughing right now. my guess is that's not what a lot of his investors and shareholders were going on at the company. he has been very successful. what am i to say they are probably very happy >> probably a whole new class of investors. at one time you invested in overstock. overstock is an online goods seller but also was involved in the crypto stock for that reason would you consider micro strategy? >> i didn't buy overstock for its e-commerce i bought it for bitcoin and setting up exchanges that's what attracted me to that that's what should attraction me to this name as well

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welcome back to "fast money. ford shares dropped nearly 4%. morgan stanley dropped the stock. they said the path isn't as clear as competitors like gm jonas is less impressed by its decision to offer hybrids. can you read more about it at our website. do you like this call, mike? do you agree with it >> the move towards electronic vehicles and general motors, a pretty good one, is critical but we have to think about the near term bottom line. when it comes to ford, the

biggest selling vehicle for the country is the f-150 a new one has rolled out for 2021 if people are worried about the electronic vehicle market, you can buy this at a cheap valuation versus others in the industry i think they will catch up eventually >> it seems that morgan stanley prefers gm over ford do you >> in the sort term, certainly we have talked about rating and valuations around the evs. when you don't have that when the competivity landscape is shifting and shaping, i think it's pretty cut and dried and they laid it out well in their research report. i think they did a good job of addressing some of the need in europe but until they address the focal point, they will continue to lag. >> who were you disagreeing

with who was it -- dan was down on ford what do you make of adam jonas's call >> well, adam has always been a friend of the show, very thoughtful this is a relative value call. they went from overweight to market perform on ford they are not negative. his point is the market is now pricing the ev as an opportunity, not a threat to the companies. that's his thesis. therefore, if anything, i think he's goosing up the multiple on gm he moved it up to 5.51 per share. ten times a $55 stock, somewhere around there that's the story but the move to all in no hybrids and adam's point was no europe, these have been a

hallmark of gm's value i like gm over ford, too but if gm works, ford works. up next, do you have questions for the traders? we want to hear them tweet them to us and we will get you answers. but first, we have the final trades on the other side these days, we want sophisticated but simple. cutting edge made user friendly. in other words, we want a hybrid. and so do retailers. which is why they're going hybrid, with ibm. a hybrid cloud approach with watson ai helps manage supply chains while predicting demands with ease. from retail to healthcare, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm.

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it is time for the final trade. let's go around the horn tim? >> mel, we are working up an appetite for tomorrow. parents, get your kids away from the tv because in the second hour mike tried to ruin the easter bunny and santa claus >> triple threat >> virgin galactic going much higher from here >> i would watch that 97 level on first solar see if it gets to the previous high if not, take some profits.

>> most places have real fires that tim has a take fire on his computer is ironic >> the ipo was a disappointment. it is trading cheaper. i think baba is the play >> that does it for us we have a special bonus hour coming up. tweet us your questions and we will get them answered right after this break stay tuned

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we want to know if this airline stock is ready to take off, the tablet and a question on zoom. we are talking turkey. let's kick things off on the hottest trades right now among our retail investors let's get to kate rooney >> hey there melissa first, electric vehicles, tesla remains the number one stock among millennials and it climbed a couple of spots the among gen z. apex which connects to 10 million brokeage accounts. nio rose to number four of top holdings expanding work force and fuel cells and tech were among the

top 20 most trade in aurora cannabis was the fifth stock. up from 500% from october. it is back on the millennial's top 100th list vaccine names, pfizer made huge gains among every generation rankings, the ratio of buy to sell, roughly 3 to1 which is the highest ratio of any stock kate rooney. thank you. >> i got to kick it off with the cannabis king. you were shaking your head when you heard the stat on aurora >> did you catch that? it is shocking to me that this is the name that retail wants to trade. it is one of the earlier players. their merger back in the early

days was an exciting moment. this is a company i think that the balance sheet does not make sense. the opportunity does not make sense. the goodwill on impairment there. it is a trade. if that's the case, we know retail's in for a big trade. in terms of the fundamentals, this is something that scares me the cannabis space is a place where a lot of people really do their homework and understand what you invest in i am not sure if that's what's going on here with aurora. i can do much better to recommend other names. we'll save it for another show >> dan, do you like anything the retail traders are trading right now. >> listen, it is pure momentum you can throw bitcoin in there, too. bitcoin has $370 billion market cap. that would be sixth or seventh or eighth largest s&p 500 if it were a stock what i see is some of these recent ipos have gone crazy.

that was a stock that ipo just two months ago, there is just a lot of sorts of name it seems a big trade right here on the stuff that retail traders can fuel and push around now >> the high flyers right now at a time the market themselves or a record high, we just had dow 30 k th 30-k this week >> yeah, it is bearing itself out in the valuation momentum trading, that's the way you play the market right now and over lays. you see it with proliferation of etfs and across various sectors. people are not doing their research as tim mentions i think we are going to trend higher, i am going to put in a certain level in i am hoping retail investors

putting stocks and trigger levels that they're willing to get in and out of positions. >> let's help the people out there. kate just mentioned the high interests in ev stock. that leads us to our first question tonight >> question in regards to tesla, how do you feel that stock is structured to do now that it is going to join the s&p, thank you. >> can you imagine, tim, tesla is up more than 40% since november 16th, the day of the announcement of the s&p inclusion and traders bought and sold and average $26 billion in tesla shares per session for the past five days >> look, i can imagine i have seen it before. our audience know that i have not been constructive on tesla for a long time. those of the momo retailer or fundamental bottom up of

investors had a great ride here. the concept and the catalyst as a moment we'll see freshmen t fresh momentum for the stock very clear 4-1 that meant nothing in terms of adding both fundamentals or intrinsic values it did not matter. i think in terms of the ev stores we have been spending a lot of time talking about it the bright spotlight on ev whether it is nio or the gm ford meant to go higher >> if you want to invest in this theme, tesla is the whale. the other ev players are much smaller in terms of market cap and gm or ford, that's much smaller. is this the only way >> it is not the only way. it is clearly the prevailing way. i have to raise my hand and say listen, i have not been on board, clearly i have not seen what everybody else had seen

another one of these momentums and what i think is going to happen is in the second stage when it comes down to manufacture and distribution of this, a company like gm is well po social distan well-positioned in terms of distribution business. if it is for me it is a better way to play it thematically. >> let's get to our next question it is about the biggest company in the world by market cap elijah wants to know about apple. >> hey, i have a quick question about apple, about last week or two weeks ago i believe apple hit a low at $108 a share and i am wondering as of right now do you think it would hit that low again for me to buy that share up at 108 or level it out at 1111

or $115. >> special shout out for elijah. he also sent a question in for us do you have the answer for elijah >> i do. >> a stock like this is a tough call here. i will tell you this if you look at this chart and you look at this wedge that's forming from the september 2nd's high up at 138, you look at the september's low about 103. you see that we are making this little bit of a triangle, the tension is building. this stock is going to break one way or another we won't get earnings for a bit. we know they have three different lines released, october, november, investors were -- they got bailed out and working from home and school from home has been great for ipad let's see if that 5g super cycle

is coming the way a lot of in v investors are hoping right now it is a wait and see if you are waiting for the stock to be 115 or so and you think there is a downside risk of 103 level then you would start maulmau smaller than you should. i think you are okay averaging in the stock between these levels and probably $100 which was the gap on their physical q-3 earnings back in july. that's good support for the stock. >> yeah, i do, too the big e, elijah, you remember the big e. alvin hayes. elijah is throwing a couple of levels here and dan is doing a great job, look, plus or minus here am i an investor or a trader if you are an investor, you believe in 5g, refresh and yes apple had a great ride with

remote and working from home and holiday, double season or triple holiday season with max and wearables and ipad refresh the story is still about the multiple expansions that's been coming with services then this 5g opportunity that most of us have no idea how exciting 5g is going to be. once the person next to you using that 5g phone, you are going to go out and get one. i would not get too cute on apple. the multiple stretch and i think it is as comfortable as an investment and a long-term investor, you can make especially in the big five star stock. >> let's turn to financials. they have been on fire if one of the big banks a good bet? >> thank you for taking my call. i want to see what you thought

about going into 2021 about the stock of bank of america and also happy thanksgiving. >> happy thanksgiving to you as well >> what do you say >> well, i am pretty constructive on the banks and have been for a long time and realized that we have been trading locked steps with yield curve and steepening and flattening with that said, i believe a lot of the banks, citi still trades cheap and morgan stanley and goldman. over the longer term, i like them and constructive on them. so one of the previous points made, i would not get too cute in terms of trying to pick an exact level here particularly if this is a buy and hold for you in your investment portfolio >> yeah, so i would take a crack at this one here not constructive on banks all year i kind of change my tune coming out of the summer especially we start to think how investors

position for a new year and a real recovery on the back of the vaccine for this virus and my thought was not even with rates going higher or the banks start to reflect or playing catch-up bank of america in particular to me broken down the trend that's been in place. that june and the summer high here i think you will probably get an opportunity to buy this thing a little bit lower, maybe 27.5 or so i do not see the stock, the stock is going to be expensive in the low to mid-30s. tim may have a slightly different stance i think this is a bit of a trading vehicle. you can buy it when it comes back in the break-out level and buy time until we get to m mid-2021 >> your quick 2-cent, tim. >> why dan is a good trader

because he knows some changes and he changes some of his yield. there is so much supply coming, i think fiscal spending will push rates a little higher until the feds decide enough >> we'll start here on a special edition of "fast money." we got a question on one of the hottest stocks o f the year. should you save some room for zoom this thanksgiving we are hitting the friendly skies of the busiest travel day of the year, our phil lebeau is standing by o'hare airport phil, what's going on? >> reporter: it is steady but not jam packed on the wednesday before thanksgiving. what does it mean for airlines oc hairline investors as those stksave been moving high recently we'll talk about that when "fast money" returns

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welcome back to a special bonus of "fast money." today is the busiest day of traveling. >> the dow jones hit 40,000. do we think it will pull forward or the pull back and continue to push forward there what do you think? let me know specifically, american airlines. >> before we answer hunter's question on aol. let's get to phil lebeau at o'hare because everybody is getting out of town. phil >> reporter: well, usually they're getting out of town on the wednesday before thanksgiving a number of people went last weekend. when you look at what we are

seeing today believe me this is not what we see on the wednesday before thanksgiving today and sunday are expected to be the busiest i would take back today being one of the busiest since before the pandemic we have really seen slower crowds than what we see. about a million people are expected to fly today. you will see greater than a million on sunday. this is this week whether you take today or last weekend or this coming sunday the busiest day since we have seen since the pandemic. the passenger level remains extremely weak they're down 50% yesterday down 50% to 55%. nowhere close to where they were before the pandemic. airline stocks have been moved higher one stock in particular we want to talk about, by the way it was mixed today with many of the airlines stocks finishing higher after trading lower early in the session. delta airlines worked out a deal

with its pilots. they had a preliminary agreement and they have finalized it and exchange of pay cuts and no furloughs for pilots that extends to 2022 it is odd to be here on the wednesday before thanksgiving. it is typically a mad house. >> i am surprised that there are people out there traveling thank you. phil lebeau. let's get back to hunter's question still not back on a pandemic level and even on theize b busit day. >> we are talking about thematic play

right now you have a catalyst for travel and we are still 50% under previous high capacity and business travel which continues to be suppressed in my view. if you look at that balance sheet, $40 billion of debt really gives me pause, lay-offs is notwithstanding >> let's stick with the travel team >> there were a lot of people traveling for the thanksgiving weekend. people want to get out and travel i want to have a travel play for 2021 since there is a lot of vaccines coming into the market early next year. would you rather carnival or disney disney we have theme parks and cruises and hotels

carnival, on the cruise industry, which one would you rather own for 2021? >> would you rather from our viewers? >> mel, i am surprised that you let that on your show someone calling in "would you rather." anyway, you got a case here on carnival you make the most money when things go from terrible to just bad. the move in carnival over the last couple of weeks off of lows about four weeks ago is 70%. the good news for longer term story here is if you look at those quarter numbers, they were not terrible

ibita trend was decent disney, i am long disney and not long carnival. i believe in the story of disney and i believe in streaming and disney plus and over 100 million global subs there and the ability to begin to monetize i can talk more about disney >> carnival did that offering with no asset pledged. >> non-collateral debt dan, i would throw that to you, would you rather, disney or carnival >> tim laid it out very well why people were willing to dip their toes in the water when disney getting destroyed. if you look at disney now year over year the stock is up. it is basically incorporating that reopening trade in 2021 at this point so to me the easy money if there was easy money to

be made been made in disney right here with carnival down 60% from its 52-week highs and 70% from its 2008 highs that's where you will get the banks in your bucks at this moment so i think to your point about investors buying the debt without collateral against it. the equity should be a decent play at least from a leverage standpoint if you are optimistic about the reopening. to me i think you get more morek from your bucks here but to me i don't think you will see a stock in the low teens probably again if the vaccine is on course. >> up next, we are taking a break from talking stocks to talk some turkey if you got some questions about tomorrow's big feast send them our way. we got a pro standing by to help

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welcome back to a bonus hour of "fast money." we'll take a break from answering questions about stocks and talking about turkey that leads us to our next viewer's question. >> hi, i am joe from new jersey. this is my first time cooking a turkey, looking for any tricks you may have thanks >> we are trying out with everything we know who to ask joining us now is butter ball, bill nolan, great to have you with us. thanks for spending the pre-thanksgiving day with us

we want to get an answer for the first time turkey cooker what's your number one tip for n new newbies. >> the number tip is not to be nervous. if you make a plan, you are not going to get any surprises turkey looks intimidating, you only do it once a year or the first time doing it. it is one of the first things to cook if you just follow it butter ball recommends three to five hours depending on the turkey size. make sure you have reliable thermometer. that's the way you can tell the turkey is done we recommend taking the temperature of the turkey in two different areas, the breast which is the top of the turkey at 170 degrees to have it completely done and also in the

thigh, behind the legs oven temperature as well, you will have a successful thanksgiving meal. >> you make it seems so easy i want to go out and cook my own turkey a lot of people's gatherings are much smaller a lot of people are talking about breast a smaller bird. have the type of questions changed this year with the pandemic >> yes, they have. we did some survey over the summer and we asked folks if they are still celebrating thanksgiving we found 90% of the people we surveyed say they're going to have thanksgiving although it may be smaller groups and people staying within their pods but a lot of first time cooks. we are getting people asking first time cook questions and people are asking if there is an alternative to turkey if they

are buying a whole turkey which would be a breast or a roast butter ball sells a full line of those products we are telling people nothing better than turkey left over don't be afraid to buy a whole turkey or a regular size you can eat the left over for three days after if you have left over, you can freeze it up to a month. >> bill, thank you so much for all your tips and wallaisdom. bill nolan from the butter ball hotline. all of this talk is getting us hungry for a game of "trade it or fade it." that's right in the spirit of thanksgiving. we are calling it "feast or fast." looking at some hot food stocks. are the traders feasting on these names or pushing it to the

side fasting. mcmccormi mccormick. tim, feast or fast for you >> i have to say mel, who knew there is a turkey hotline, bill, nolan, great to have him tremendous this is the best game that we play in terms of names >> don't use this opportunity to brag on game in the past >> i am sorry. >> feast verses fast those are very clear and vivid terms. those are pronounced, anywa anyway -- i am fasting on mccormick. it is a name that was so much in the spotlight bauecause suddenl people are cooking at home and mel you are putting more of the italian seasoning on whatever. i think the multiples does not make sense they did a deal with it.

the 210 peak on the stock, i don't think it will see in the near term. >>. >> yeah, i am also fasting on this one, too. if you look at this chart, too this thing is trading like one of those text dots that's cooled out. it is down 13% i will tell you i love a good texas pete's sauce and the chulala. i like that they're all on the same mccormick house but i am not sure if you have to pay it 32 times this year >> the best part about this game is the fast animation. i hope it will come up again because we'll see it because the sound e if he can ffect is amazg beyond meat is taking a big tumble for the last two months dan, feast or fast

>> this is a fast. something to do with the constitution, not the u.s. constitution i am fasting on this >> listen. -- >> we have to run the right animation. >> that was a feast sound. >> there it is >> i may have told the producer something else i started thinking of guy's beyond burger and it is so good. this stock over the last four or five months have had really good support at 120 this is a $9 billion with a lot of competition i know they signed on a lot of big retailers and restaurants. i am not certain that the valuation make sense on this one. >> i am fasting to make run for tomorrow i am long-term constructive. mcdonald's deal or lack there of is a bit of a challenge here speaking of thematic play or

secular trends, i buy into it. i think there is a bit of a head win in the short term but i am long-term constructive >> there is no stocks so far that gotten feast. next up is deere we have prices of 22% since early august driven by a big increase and people baking so bullish for deere's bottom line and demand for equipment. feast or fast? >> i am feasting but this is certainly a trading position i do not step into a freight train, this thing is up and to the right. given valuations of a lot of these reopening and value trades i am feasting and take seconds

first of all, why would everything from here on out be a feast. now that i heard the sound effect, that's too good. it cracks me up. who did that i would love to know who create the feast sound effect in new jersey they're talented john deere is talented, commodity prices remember when there was a time when it was treated as strategic asset in terms of what was going on and we are talking about food shortages. this trade still have legs i am feasting on deere >> coming up it is back to your stock questions. is there no place like zoom for the holidays find out if this work from home all-star will win thanksgiving plus, we got a cat question, we g ounot talkinabt industrials. we'll tell you what we mean when

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welcome back to a special edition of "fast money." this next question is from anthony asking about one of this year's hottest stocks. >> my name is anthony and i am from miami, florida, my question is about zoom. it is about those work at home stock that i have in my portfolio and it plunged on november 9th because of vaccine but covid cases are surging. >> what's the analysis you can get out on zoom.

>> alex, it is great to have you with us. what happens in the po post-pandemic world. i am wondering if you back out 20% usage that we saw or whatever number it is that you think will go away host pandemic, what is that multiple will look like >> it is a great question. i hope you and your viewers will have a great thanksgiving and some of which will be on zoom. clearly zoom has benefited from the pandemic accelerated category for video communication. this is a high growth company. next year we suggest 60% growth,

the stream of 45%. that's 300% growth this year we think video is not going away we think more part of the conversation at large companies and resources today while 50% of the 400 are zoom customers with this on-zoom platform that they launched zoom-topia conference, we think there is a massive opportunity for them to leverage an interactive video platform and entertainment for exercise and really become the center of gravity for almost a new economic phenomenal. they turned what was a commodity into a utility and now the real opportunity is how do they

activate this consumer phenomenon that's unleashed by the pandemic for, not just video communication but manners of commerce if possible >> to that point in terms of getting the consumer on board, alec, do you think thanksgiving is going to be one of those opportunities where some consumers or some people out there may not otherwise use zoom, maybe a grandma or uncle uses the platform in order to have a thanksgiving dinner and realize that this is not so bad. >> you know i think everybody wants to be with their family. i think everybody wants to be connected at a time like this. just as we have seen it in our schools. every calls that is we have with our company, i start off thanking the ceo because i think they enabled us to survive through this pandemic in a way that if you thought would be

possible i think thanksgiving is absolutely an opportunity for more people to interact for the first time with the platform that connects people where ever they are globally in a manner that enables them to have a connection i think that absolutely is going to be on-lock for thanksgiving and we have seen it at weddings and other holiday celebration and education. you will continue to see it again and not just with the pandemic but well beyond that. >> alex, great to speak with you. thanks for your time, have a great thanksgiving dan? >> i see everything he sees but i see a stock trading at 40 times sales in next year's growth if he's talking about as it relates to sales. i don't see the consumer opportunity. i don't think any grandmother paying $15 a month to subscribe to this or education, too.

if you have kids and they're home and learning on zoom, you hate it. it is not something that you are going to sign up for it is not anything anyone is paying for either. when ithink of the enterprise opportunity, i think of my own usage. i did a team's call and a google meet and facetime calls. this is a great product and one-trick pony right now you tell me how they're going to monetize that to a greater extent in a pandemic right now and how they're growing that valuation, i am not so certain thanksgiving day able to do that next year. >> all right coming up, we got more answers to all your burning questions at this hour of "fast money" including a question on a rocking radio stock. be sure to tune in, you don't want to miss this one. "fast money" special edition is back academy sports + outdoors started as a tireshop in san antonio texas in 1938.

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welcome back at this bonus money of "fast money." next up, a question on a hot radio stock. >> hey, my name is ellyn, i have been on broadway for 15 years and now due to the industry shutdown, i have been pivoting my career and working more in creating and producing podcasts. i am wondering if sirius xm would be a good investment at this time. >> tim, what do you tell ellyn

>> sorry for what's going on and good for you thinking about this sirius have benefited. so i like it >> next up we have a question about cat, not the company >> hi, this is jack, abby and avery. our question is for danny. >> are you jealous of tiger's new found fame due to the room raide raiders. >> dan, we are all broadcasting and they're broadcasting on home your cat, tiger, climbed up at the bench and looks like he's hanging out and enjoying what you are saying on the show and

room raider on twitter gave you a 10 out of 10 the highest honor in room raider for tiger. >> truly an honor. i am going to give credit to the cat and the "fast money" program. a shout-out to my niece in texas and happy thanksgiving to all our viewer and my main man, the cat. >> coming up, we are wrapping up three biggest stories, we are concluding a major milestone for the dow. stay tune d, we are back after this black friday is here early. so get the 5g america's been waiting for. verizon 5g is next level. (announcer) unlimited plans fit everyone in your family, starting at just $35, with 5g included at no extra cost.

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coming up at the top of the hour, do not miss the news with shepard smith. why don't we trade the news here a huge milestone for the dow index surpassing 30,000 for the first time ever. so where does the dow head next? lots of headlines on this one. main street was watching, tim, what do you think? >> well, the dow may have ahead of the s&p and the nasdaq. the trend and the themes here led to the dow getting to 30,000 are things that are intact they include industrials and banks and late cycle dynamics that continues and continue out

performance for some stocks that people have been waiting for a long time. we have been talking about gm and fedex and names that are not big performers until they turn good for the dow and a lot of changes in the competition we talked about exxon out and crm in these are a lot to talk about in what happened here >> and the markets are forward looking mechanism. right now we have a transition of power and in coming administration which seems to want to deliver a big stimulus check to the american people and vaccines does it go well for market performance? >> yes i mean it does, except for the fact that we tackled on $3 trillion or $5 trillion in debt i focus on the s&p 500 draw a line from the january 2018 highs and the high we made in february. we are hitting up against

massive technical resistance 30 stocks that are playing catch-up that's not how i want to invest for 2021 the russell 2000s just went up 20% in a straight line but also laggered >> i guess this is to the broader question, how could the economy being in one state and the market being all the way up here right now does it make sense >> my goodness, great question, great question no we have seen there is really dislocation between the economy and the market it is fuelled by fiscal stimulus and access to liquidity. that's not trickling down in the main tree. essentially buddying up against the holiday season and we still don't have a way to return back to normalcy.

europe is on a shutdown. oddly enough, we are singing a similar refrain we are saying when we are talking about large cap tech they're also achieving high value yatio valuations the liquidity is going to continue to fuel this on the upside at least in the interim >> president-elect biden picking janet yellen for treasury secretary, if confirmed, she will be the first woman to hold the job. sources are telling cnbc, roger ferguson is being considered for nec director and gary gensler considers for department treasury. how should investors look at this the yellen news is welcomed.

>> it is really important. we have not had the treasury signed on with the white house in doing a deal with congress for that fiscal stimulus what does fed chair powell wanted them to do, to get together and do that deal. he's saying monetary stimulus can only do so much. former fed chair yellen at treasury in a few months, that's how you get that infrastructure and stimulus going and that's how we are going to get that bridge i guess at least for consumers and small businesses until the other side of the vaccine. >> we could be entering an unprecedent a unprecedented era with janet yellen heading the treasury bond that's fantastic news for the my and consumers. >> it is another one of these unknown that's removed off the table. clearly there is speculation and perhaps elizabeth warren and

clearly the market has perception around some of these name l names. there is no questioning of janet yellen and her willingness and ailment to take us through this to the next level. yes, i think it is really about us knocking down one more hurdle and moving forward i think the market is kind of responded accordingly. >> finally the macy's thanksgiving day parade expected to take place tomorrow those floats won't have big crowds this year the pandemic forced the parade to be a tv only event. this year is confined to one block instead of at manhattan. macy's day parade is no exception. tim, this goes to the notion that cases are spiking here that lockdown restrictions are increasing across the country and maybe around the world if you take a look at europe, so what does this signal to you for

r the markets? i think we are having problem with tim's speed, i will go to dan. >> yeah, i think it is important. you said it before eloquently, the market celebrating 30,000 of the dow. it is not the economy, a lot of americans are hurting and a lot of americans have food insecurities as we do our feast, a lot of people are having a hard time and hit our local food banks do it today. we know there is not going to be a whole heck of a lot of support other than what citizens in state are doing for each other have a great thanksgiving everybody. >> quick thought >> not much to add there i echo there let's get out there and make a difference and help those that needed happy thanksgiving >> we talked about stocks the past two hours a lot of important things in this world to think about including loved ones, your health and save the economy.

that does it for us. the news with shepard smith begins right now and this is the news >> we're all in this together. >> a thanksgiving message from our next president his thoughts on surviving the covid crisis and the shared sacrifice we all need to make this holiday season. no breaks, no rest, no time off. >> we're his extended family because they can't be here. >> front-line workers in their own words. lame duck surprise president trump announces the full pardon of michael flynn who's next on his list this is our shark tank over here. >> plus shopping with sharks how america's malls are getting creative during the age of covid-19