to 140 everybody is psychologically there just to get the pop of 140. >> that wraps it up for us tomorrow there will be a new report that we are close to another vaccine order. i'm melissa lee and this is "fast money. tonight's landup time to play defense one top technician is finding opportunities in names we will tell you where and solar flare. and why would apple want to get in the car business? what it means for the stock.

we start off with a corner of the market seeing serious gains. quantum scape is up more than 500% since august. and today c 3ai is up. and fubo tv is up 130% what do these massive moves say where we are in the markets. dan? >> you just said a corner of the market i would say they cornered the market in euphoria you can tell me why it's different this time. i will tell you why it is no different than in 2000 which led

to an epic crash because of bubble valuations. this is not just on the bankers. this is investors chasing this sort of price action which is not particularly natural for all intents and purposes you just mentioned c3. it's dot ai. you mentioned fubo that went public a while ago and this thing is skyrocketing, up 20% a day for the last few days. i have people asking me about these names. i can't keep track of all of them how they aremoving is not natural. it is a wave, a trading mechanism. there will be severe losses in all of these things. it is a game of musical chairs if you are the last one looking for a chair. it could get nasty pretty soon >> i get it if you are part of this company

but when we said corner of the market, we meant corner of the market is there some sort of broader risk to the overall market if this corner of the market blows up and we are not saying it will blow up or that the trading action is not valid. i am saying if these names pull back, is that systemic risk? >> we are at or above valuations levels just prior to the crashes in 2001, 2007 and in 1929 so it would be appropriate for the abatement of enthusiasm. however in the case of quantum scape, this is a company making batteries for ev and ev is hot tesla's market value is equal to seven of the major car manufacturers combined with just one-third of the revenue potential and a fraction of the

profits. it is a hot market it is 1927 all over again for the automotive sector. this is what markets look like before they come down hard i am not surprised however, there will be opportunities for customers that are going to innovate. as mentioned, they will come back down. sometimes it takes four years to come back after these crashes. >> guy, 2007 has been cited and 1927 has been cited. are we going overboard in looking at past market meltdowns? >> i don't think so. tim seymour teaches religious ed on sundays i believe it's ecclesiastes. my point is when everything is

going great, the sun does set. look at fastly that was cut in half in about a week and a half. same thing with zoom three weeks ago down to 385. every one gets geeked up when these things go up i don't think hyper bollic on some of the things just mentioned. >> are we seeing the froth in yo your mega complex, google, microsoft? >> no. a few weeks ago we would have said apple was getting a little frothy, but they were driving most of the performance in the

market at the time now we are seeing a broadening out, seeing the russell 2000 rocket 30% in a month. we are seeing some of these names like snowflake double from their ipo in two weeks we are seeing it time and again, all of these stocks popping up on our screen and seeing them up 200, 300, 400% that is not natural price action much you can say it's relative to a speculative part of the market, but that's how bubbles burst. we are seeing these valuations being stretched, a total disregard for valuations so every day of the week i would rather by apple and microsoft than these companies skipping up

20 or 30% a day because we know they are not sustainable market levels where we know that microsoft and apple can live a long time at these levels. >> james, you were defending some froth in the cutting area of the market, the ev area where a lot of funds are going do you say so long, valuation. i have to go where the puck was and get into these stocks at this point >> my bear suit is getting tight with these valuations with these sky high moves of the index. the russell 2000 has never gone as high as it has in the last 30 days in history, that time frame. my bear suit will get more comfortable in a while but back in 2001 there was a company called microsoft and amazon, there will be winners

that come out. but we want to be winners with these secular moves with ev and some of these areas. i am excited about some of these areas, but i want to gobble them up we don't know when this correction or crash will happen, but we all know this crash is imminent >> let's bring in rob. great to see you before the holidays we have a panel of bearish folks tonight. i know the charts are young for a lot of the stocks we have, whether quantum sweep. but what do you think when you see double digit moves day after day? >> i love the expression that say even turkeys can fly in

hurricanes and then we get call from our clients that turkeys can fly we have a lot of the smaller caps that haven't done a lot between june and october the mike cap and small cap indexes are up 30% since the october low. that's a pretty big move and should pull back in. if we look at the s&p 500, we track with rising, increasing momentum in september most of the cyclicals started to bottom. we think in january, early february we are probably setting up in the market overall for about a 7 to 10% pullout on the s&p. i think it's a healthy consolidation or pullback with

an on going bear market. but there are lots of stocks pulling back for the last three or four months they are not as sexy as some of the stocks we are talking about. o'reilly has been marking time for two months and is back to the average. it's weekly momentum is bottoming. we see the same thing with something like thor. like a lot of growth stocks and looking to turn up i think that's timely as well. the last one has had a bit of a pop here, uber, but i think this is a secular growth stock with that kicker that should participate once we get back to normal

at the 30s, low 40s, i would look at getting back into that >> rob, 7 to 10% pullback, which sectors are you seeing will do the worst in that pullback >> i think it will be growth and cyclicals that are likely to pull back. when you think about mega caps, dan mentioned like there won't be much pull back on those but the cyclicals i think will pull back. we want to buy a lot of those in q 1 and q 2. >> tim seymour has his tech issue pulled out and has a tie and vest on tonight.

what did you make of rob's chart? >> o'reilly and even ford are cyclical names we spent a lot of time talking about autos, ones that may have more of an ev story to them. but rob used another word in terms of frothiness. when you say secular, it is almost i don't care what i will pay in a bear market some of the stocks that dan and the other guys outlined. it's software and gaming and even cloud some of these stories i think are ones that are most at risk in a mark pullback but the question is, which part of the market are you more impressed by to me it's the breadth of the market it's impossible to argue that there are pockets of the market

that make no sense i am not sure that we haven't seen that at other times, whether it was resources -- data is the new oil well, what about when people would pay almost anything for a new food company i almost think that's the industry we are in >> what show comes on after you, mel? >> "mad money. >> thank you they spoke about the fact a stock had a sell-off, came back. companies like thor make sense and last week we had a conversation where tongue in cheek that he said you guys buy stocks indiscriminately.

i think it's what the feds have done they have said themselves value doesn't matter when you hear things like that, it empowers them this is not the boomer, but for everyone who knows what palentier is, think it's from "lord of the rings." >> horrible, terrible, no good chart. what name is he going to break down for you right after this break

welcome back to "fast money. facebook at a loss with it under investigation. back in august it looked like facebook started sputtering. >> i think it made an all-time

high it is down 12% from an all-time tape that was unbelievable tim brought this up. the reasons to be worried about facebook are there we have talked about them. i am sure the other guys with he spou -- espouse as well. there is an ex-stengs risk here for facebook if it were to come under youoths that would be deleterious i think there are other reasons

for facebook to be down. >> it didn't matter until money started going out of the big cap tech names and now there are investigations into antitrust allegations, et cetera, now they are front of mind >> guy, great job for teaching us a class on he can clees ya * that can help you win at scrabble facebook has a bull's-eye on its back and has a bull's-eye on its back from the doj. i think despite all of that -- facebook i don't think will be broken up any time soon by the doj and the anti-competitive

things that allow it to be the monster it is. i don't like it, but i think it will continue to trade at a discount because there are issues with management and perception there is scarcity value in owning social media, but media plays and social plays >> we have seen it before. facebook will pop and the stock goes up. all they have to do is turn the knob in terms of e-commerce and the stock goes >> without any multisyllablic words, go into any business school's library, those companies win in the short-term and long-term. they split in two, three, four,

whatever the controller of two-thirds of the world consuming public i think they are going to move carefully through this situation. there is a backlash that comes when companies of that size and magnitude don't handle social issues correctly privacy, influence from bad actors in social events i think will keep facebook on its toes, but from a standpoint, i don't think this company loses but i am a study of -- microsoft went through this. i think facebook has mastered

this >> huh, the bear thinks facebook is okay. dan, do you agree? >> sales areexpected to grow 25% over a year and this thing is trading at 25 times earnings. you look at valuation. i think that's the point james is making, you buy this stock every which way and then you tell me they have a monopoly and tell me that the secular shift towards online advertising is that strong and will be a multidecade thing, it's that you have to buy it i agree with guy, that if consumer changes, we will be thinking about this like tobacco

and oil years from now >> what a comparison one of our traders just added to his position in at&t. we will find out why plus newman felt safest in cars will apple shareholders fe telhe same way, too? as apple drives into the auto industry those details and more when "fast money" returns bang for g else that's good to know? if you have medicare and medicaid you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. learn about plans that could give you more healthcare benefits than you have today. depending on the plan you choose, you could have your doctor, hospital and prescription drug coverage in

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send us your question to twitter and we will try to answer your questions on the show. what do we know about apple and the auto industry? >> it's easy why there is so much interest in this story. just imagine tim cook taking the stage and introducing a new apple car. that could be the way that cook and company could introduce a self driving car by 2024 with its own brake technology it's easy to understand why cook could be interested in developing a car it is a big opportunity, a $2 trillion market. but there could be challenges. apple rallying today, up nearly

80% so far this year and check out too companies that make lidar sensors they saw a sharp gain. they talk about manufacturing the car, but evidently petered out. >> let's bring in tony it's great to speak with you >> thanks for having me, melissa. >> we saw the stocks move higher by 3%. why should investors be excited about apple getting into the car business some analysts say it is a call option, not going to take on the manufacturing, but at the same time it does appear to be outside its core competency. >> it does, but many said that about phones when apple got into it this was a low margin hype

competitive business and that apple wouldn't succeed in that business and we all know the story there. they haven't been afraid to enter the market this is a huge market and they have an ability to create a premium product that consumers want and that premium product and price leads to better margins. it doesn't mean apple will do this project titan the focus has been going on the auto industry since 2014 apple is known for dedicating resources to things and ultimately deciding to do it or not do it or do something different. we can't be assured about it but there is ample precedence for them to get into it and

creating a leadership advantage. >> it doesn't have a leadership advantage. let's say apple is successful with his is it a market share loss for tesla? >> not necessarily i think we and most people believe that tesla over time will likely lose shares. tesla has over 20% share of the ev market today. there is no traditional car company that has more than about 10 10% share. but it's huge market today the ev market is a little over 2 million units per year. and eventually to 100 million units per year so if tesla went to 15%, a huge

market is 15 million the ice vendors are most at risk of losing share from many of these ev startups, but the ev market will grow for probably the next 20 years. so there is plenty of room for people to grow even if tesla does lose share. >> you have outlined where they have done this with hardware in the past hardware or software services for apple as relates to the auto industry it seems as if they could play a major role, maybe on the battery technology, but more on the operating system, would that make apple shareholders happy? >> even in low margin businesses, apple has found a

way to capitalize returns. in 2018 tim cook talked a lot about autonomy and self driving as being apple's focus my suspicion is maybe they feel they have developed something or in the process of developing something move develop on the battery side and the impetus to build the whole car around it or ultimately share a license with others apple has engineers who work on things for long periods of time. many of those don't see the light of day on those products i am sure apple has buckets of confidence it sounds like they have been testing cars there may be break through on the battery side how they choose to deliver that remains to be seen but investors have rewarded

apple around services. so one that can have services and high market services attached would be welcomed by the investment community >> tony, always great to get your thoughts. thanks >> thanks for having me. >> guy, let's pretend we don't know about the apple news, that we are revealing it here that apple may be looking at manufacturing a car with a partner, et cetera, et cetera. what would you guess the move in the stock would be >> i would have guessed lower. i would have said market will beat them up for this. but we are in an environment where news like that gets rewarded and maybe it's right it's never going to happen for $40 billion they could probably buy ford and come up with the two iconic brands partnering for the 21st century.

but 137.98 was the high in september. dan nathan said it is the best looking stock he has seen in a while. we have a news alert bob has the details. >> just got a statement from the new york stock exchange saying beginning monday, december 28 the designated marketmakers or dmms, the people responsible for maintaining the markets to buy and sell stocks will be going remotely the floor brokers will continue to work on the floor this is really a sign of the times. not terribly surprising. we have seen an increase in covid cases recently, a couple new covid cases on the floor reebtly and i think out of an abundance of caution they are moving those dmms to remote locations. i don't think this will make a difference at all in the trading

activity it has only been about 25% of its prior strength they have been going through split shifts on the floor. the staffing on the floor is still fairly thin. i think the important thing is it is fairly open ended. obviously they will wait for the vaccine and see if the current outbreaks and severity of the outbreaks. >> by having the people stay at home, does this get them back to staffing level lows? >> they areessentially working remotely >> just the ones working on the floor. >> only 25% of the number of people who are working there, compared to a year ago, only 25% of what it is now, so it will probably go down to half of that level at this point. but, again, it doesn't change

the obligations of the marketmakers they are working remotely and their obligations to maintain fair and orderly markets remain there. one of the great things that have happened is that the dmm have been able to work remotely. the system has worked well, the technology around it the problem is there is a belief having people on the floor reacting around things like ipos adds value it is not there as a museum. it is there to make money. the people who run the nyse believe it adds money on the floor. this is a bit of a setback, but i think overall they will maintain the same fair and orderly market >> unless they do like you and go away permanently. good to see you, bob

is boeing back and as at&t drops, is it really a buy stay tuned

welcome back to "fast money. is it finally time to show some love to the s&p. that's what is being said about at&t doesn't see a lot of further catalyst from here tim, what do you make of that call >> i like the call i am in the same boat. i have been adding to a position in at&t. i am largely down small. but if you add in the dividend, it has been largely flat for 2 1/2 years. the story with at&t is the competitive landscape in its business has been predatory. t-mobile is a monster and has been taking shares i think the biggest fear is that they overpaid for media assets

and have a huge debt pile. the sum of the parts argument isn't what it really says it is. could you have a significant debt issue at some point at this low environment, they have been paying down debt, pushing out maturity, lowering cost of capital. i think there is a lot of bad news pressed in here and i think it's a good stock. >> the highly competitive nature in cellular and the competitive market we had how many streaming channels come into the market? >> at&t made a bet and it didn't pay off. t-mobile focused on the business and became the best player in the business if you don't believe me, just

overlay their charts in the last five years and you will see what i am talking about prior to john legend, now mike seifert's stewardship. they took a shot and failed. tim brings up good points. but the question is how much will there be in the stock going forward. i would rather be in t-mobile than at&t. >> would you rather? i will up one. >> no, no, no. >> you did you said that. 'tis the season, would you wrap it or scrap it, at&t >> i would wrap it a couple weeks ago you saw that ramp when disney had those massive streaming numbers. people are looking at hbo max, they are looking at releasing movies on hbo max and theaters

if that exists and they are trying to sell every role. they are trying to divest tvg, pay down their death load. i am with tim here i think the dividend covers you in the near term >> boeing, what this means for e stock? and brighter future for one name in particular don't go anywhere. - i sent your new prescription to the pharmacy.

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welcome back boeing getting its first order for a 737 max order. phil lebeau has the details. >> it's alaska airlines. it originally ordered them back in 2012. today they have expanded the order. keep in mind this is significant because you are looking at the first u.s. carrier who said we want more maxs, in this case 23.

earlier today the ceo talked about the advantages the max will give them on the cost side. >> with every delivery he would take, our ownership costs, maintenance and fuel costs will go down and our revenue should go up because they have 178 and the ones we are replacing have 150. this will be good for alaska for years into the future. >> you know who else is happy with this order? boeing take a look at the shares of boeing they lost more than 1,000 max orders this year but they have had 98 between alaska and ryanair a couple of weeks ago. 98 max orders this month they are starting to turn around and look at suppliers of max,

ge, honeywell, our friends down in kansas, all of those stocks have had an uptick next week commercial service resumgs in t resumes in the u.s. with the max. >> will you be on that flight? >> i will. >> maybe we will hear from you >> i will land in new york and say it felt like any other flight >> probably. >> they make a lot of claims about these planes, but the ceo of alaska air is happy about the deal >> more important is that boeing

got the flash. good for tim and good for pointing out spirit hei aerosystems when we said that spr will do well boeing has done well and spr has done extraordinarily well. sometimes you have to look downstream as well i look forward to phil getting on that plane in new york. hopefully he comes on the show and it will be fun >> it will be fun. james? >> the outlook hinges on the vaccine success. right now it's too soon to be optimistic because we don't know what the efficacy of the vaccine will be healthwise and boeing has to regain trust

mode there is deep cuts to aircraft production, buybacks, they are selling office space boeing's space has contracted on average 15 per year. this is a national company we depend on the company for the safety of our children and grandchildren. i like the fact that boeing is taking advantage of what it needs to do in this environment. long-term we can talk about these orders and ticks i think boeing is a good buy at 10 years >> we have a news alert.

on pfizer vaccine. meg has the details. >> we have learned that pfizer and the u.s. are close to a new deal for more vaccine. they were offered to the u.s. and then pfizer sold them to other countries. we have been told that the two parties could be close to a deal tomorrow my understanding is that 70 million doses could potentially be delivered in the second quarter of next year and those would be split over april, and june. an additional 30 million doses have been talked about my understanding is perhaps it wouldn't be ready for delivery in the second quarter, but the government could be using the defense production act to try to speed up those doses into the second quarter this is something we talked with

the pfizer ceo last week who said it would be helpful if the defense production act would be used because some supplies are being used and alex azar was asked why they hadn't used that yet we have heard it could be announced as early as tomorrow which would get another 70 to 100 million. >> that means 35 to 50 million more americans would be vaccinated >> that's right because it is a two-dose vaccination schedule. the other thing, there has been news you can get six or seven doses out of this vial of vaccine. there are five or so there but it has been said you can use the extra doses.

>> med ryan with good news that is a lot more doses to be delivered by the second quarter. that should help the economy with people feeling comfortable getting out and about. >> and the timeline is unclear, but you have the ability of the market to understand which of the businesses are in line to see some of that cyclicality the market the question has been have we seen the end and that's a real question. >> coming up solar stocks why wall street is going big on going green. and twilioceo, that exclusive on "mad money" at 6:00 p.m. eastern time

welcome back sunpower mike spotted something interesting in the market. what did you see >> we saw 7 times average daily

put volume this stock has been climbing a wall of worry. the most active options were the february 29 puts sellers of those puts will be obligated to buy the stock at 29 so they are making a bullish bet. and it is only down about 13.5%. so there are some making bets despite the street's bullish bet on them. >> thanks, mike. up next is the final trade you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style.

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time for the final trade let's go around the torn tim seymour? >> no surprise i like boeing. not just the 737 max, but gaining back progress >> james >> be careful. s&p dropped. be careful i am long ubxy. >> dan >> pfizer, i think it will go back to 43 so i like pfizer

here >> guy >> the mighty thor a lot of pentup demand for those. i look forward to jim's interview tonight on "mad money. >> we will see you back tomorrow night. my mission is simple to make you money. i am here to level the plain field for all investors there is always a bull market some where i promise to help you find it. "mad money" starts now hey, i am cramer, welcome to "mad money." welcome to cramer-america. my job is not just to entertain you but to educate and teach you, call me at 1-800-743-cnbc or tweet me @jim cramer. after a day where the dow slips 201 points