bia t of reversal in terms of the underlining indexes. the russell re-aligning. >> i think the question is is it building up towards a further momentum surge into january and then we figure out if we are going to back off? >> final trading day of the year is tomorrow. that does it for us. "fast money" is next >> this is "fast money." i'm melissa lee. tonight the most astounding price action one of our traders has seen in 25 years what this stock did and why it caught his attention what happens when people start going back to the office we will ask. and another bonus hour of "fast money" coming up at the top of the hour. send us your deepest burning

questions and we will try to get you answers. moving two directions and telling one story. the dollar hitting a 52-week low. bitcoin with a new record high what does this say about the market guy adame. >> hi, mel >> hi, guy >> it says the dollar is going to continue to go lower. jerome powell is a huge "fast money" fan i know he's watching and i will congratulate him on torching the u.s. dollar. i think the movie has just got started. the flip side will be that everybody is on this side of the boat and too crowded it has been there is a possible 20% down

and resource trade, freeport on top of a huge couple months. pan american silver back above the 35 level tim's rio didn't go anywhere today, but that's at a multiyear high i think these stocks move and will continue on the back of what will tip to be a weaker dollar >> i think fast traders have a history of going against the grain, against the consensus, dan nathan here we are, everybody and their brother, or mother, betting against the u.s. dollar. do you stick with this >> to your point it is a consensus trade, a trade i have had on puts on a couple of occasions over the course of the year but if you look at the u.s. dollar index, guy is pressing this thing he has been a seller on every rally.

he has mentioned that the rallies have become narrower and narrower he has been bullish for the euros and british pound but you think the best is about 91 or 92 to let out some shorts >> let's say we stall on the dollar index, does that mean we take it out of the trades tied to the dollar, resource trade, gold, fresprecious metals, et cetera >> i think it might mean the wind is taken out of the sails in the near term, but the trends are still higher for some of the trades you mentioned

i agree that the trend is negative i think it would be a counter rally. when supply is up over 24% or fed increase balance by 70%, you have to assume some increased inflation next year. the fed will remain behind that curve on purpose i think they are afraid of increasing inflation i think that will push negative rates and make it less attractive for foreign buyers to come in and adjust on the basis assets you saw emerging markets, starting to press on the breakout level, make a move to the mid 50s. i think that's the trend we see as we move through next year. >> james, we started putting the weak chart of the dollar that weakness has helped fuel

the bitcoin rise do you think we need to continue to see dollar weakness to see bitcoin go higher? >> not at all. the case has been made for the dollar and the technical chart showing that will continue sentiment. bitcoin has attracted increasingly stronger and more ardent support in the investing community. i think there is a religious type following on it if somebody believes in something and put their money up for it it is not an antithesis, but is economic theory. bitcoin is a measure of sentiment and enthusiasm to make money outside of traditional metrics. i see the dollar continues to see weakness behind it

i don't think it is impossible for them to move in the same direction, but at this point they are diametrically opposed >> are you getting more questions about bitcoin? >> no question because of the institutional interest people are seeing it in the news and when you see an asset like bitcoin go up, you will get questions from clients we don't own it specifically what we tell them is this is a behavioral exercise in a lot of ways this is an asset that will volatile you will see ups and downs could the price double or triple, sure could you have an 80 or 90% draw down, sure >> overall a weak dollar helps

corporate earnings, especially tech firms a weak dollar permeates the entire stock market in terms of impact >> no question about it. i didn't go to a fancy school like you and james, but i took a day of economics and we learned about the diminishing point of economic returns i get it i understand what is going on. i also think you reach a point where that ceases to be the case there is still an economy in the united states 73% driven by the consumer although the central bankers won't tell you as the dollar diminishes in price, your buying power is diminished and that by itself is inflationary so at a certain point that is not good all you need to do is go back to

last monday on the vix where you had a huge spike in the dollar by the way, janet yellen came out of nowhere on her view on a stronger dollar policy that lasted about an hour and a half we are getting to the point where it's no longer bullish >> tom lee joins us. great have you with us your forecast. do you wish you put out a higher number at this point given how much bitcoin has risen in such a short amount of time >> that number came from david gregor our digital strategist. i think 2021 will be a lot like

2017 which means bitcoin should do better in 2021 than it did in 2020 so something above 300% >> more than 300% return is that part of your thesis, tom? >> it's going to be part of it for two reasons. bitcoin has to be denominated in something. if dollar is weakening, if bitcoin goes up. this year the dollar was strong, surprisingly for much of the year, but it's weakness will make people think how do you keep a unit and sound money.

a lot of people thought gold would be that store. but for younger folks, bitcoin is the digital as set thset the to hold as store value >> tom, you have been on this for a while. do you think that will continue to be the theme in 2021 although we have seen nice gains lately >> yes for 2020 it was a year where institutional investors were trying not to do harm to their portfolio so not a lot of risk from financial institutions. secondly, equities have seen negative mutual funneled flows for nearly ten years so stocks have become the least favorite asset class for nearly a deck tad. -- decade. 2020 was a year where stocks were resilient i think the cyclicals have been

unkillable we went through depression and should have seen bankruptcies. credit held. people like leverage because it ups future value so i think their multiples will surprise us meaning they could have a huge year >> tom, it's dan nathan. great to have you here quick question on the bitcoin. the last two times the stock market has corrected meaningfully, including this year in q1, help the viewers understand the bull cases of core value versus risk to assets why do you think we have those

corrections, those crashes and what bars it from happening this time around after such a large rally in bitcoin after the last six months or so >> dan, it's a good point. we have to keep in mind bitcoin's holder base is tiny. i don't think there are nearly a million people who own bitcoin compared to a billion of people who own other types. we have written about it, but bitcoin is risk on asset years it has performed the best is the best years for equities if there is a correct in stocks, bitcoin will fall. it's because a lot of the incremental buyers, if they are in the u.s., will use as an appetizer to add to bitcoin. >> tom, great to speak you with

you. happy new year tom lee. cyclicals are unkillable do you agree with that >> it's interesting. one of the things i have been looking at to try to get a little bit of the tell from an economic standpoint is some of these relationships, risk on, risk off, stay at home, reopening trades it's interesting because you saw live nation versus net flicks or macy's versus amazon you saw these recoveries but even as virus cases start to particul tick up, we haven't seen a dropoff in the relative performance of those pairs we talked about the stimulus last week and i think that

clears the path for what 2021 will look like for an entire year, not just the first quarter. i think there will be an earnings tail wind you are getting evidence from the market and that's how we are trying to position ourselves >> we saw a pullback in small caps after a massive run, james, which you have been highlighting for sometime yet we bounced today what do you make of that >> i think when a market goes with a vertical energy that the market has, a run that is at least 15% broader than the one next to it, it has to pop. this week yesterday was the third consecutive decline in the russell, first time we have seen that in two months so the russell didn't go down for more than one day for a

month. yesterday was the third consecutive day of selling in two months so of course the rally of energy will come from behind. now let's talk about the pullback itself. in one session you erased 16 days worth of trading in a single session i think the selling that's cutting from what i agree is a bubble i think small caps have more room to run because i think the economic backdrop assumptions. 16 days wiped out in one session. i think it's a clue of what's coming >> tesla closing just shy of a record today dan, you actually e-mailed some charts over earlier. used a word i can't use on this family show about this price action that we have seen

this year we have spent enough time talking about tesla it closed a high that it may not see for a very long time it looks like it is about to explode through there. let's talk about three charts. look at the chart from january to november 16 that was the day it was announced it would be added to the s&p 500 index. it went down it looked like it was about to break down the fever had broken in this name from november 16 to now the stock has rallied nearly 70% in a straight line but held the gains. that is astounding this stock is over 700% on the year, up 900% from its march

lows it has gained 600 billion. we have never seen this. and here is the kicker, no news out in the last five or six weeks. i have been in the business 5 years and never seen anything like it. maybe the bitcoin and the bitcoin doing what it is doing is interesting two assets where people like the product and own it in a weirdo wallet and are evangelists for it james used the word religion there is serious religion. this sort of frenzy could continue to go higher. when it blows in both of these things, it will blow hard. it will be uncomfortable for people who thought they believed in a certain thing and then they are laid bare for what it is >> there is a rhyme to the

reason in terms of how we started the show with bitcoin and ending in the a-block with tesla. do you agree with the risk reversal about it exploding higher >> i do think it explodes higher i have never once said i truly understand the tesla story i have tried to get my arms around it. i have used two things since we were using word association and president trump was asked about elon musink, sie that day the stock has never looked back. and on the day when elon musk said the stock was too

expensive. you can't explode this you have to stay with it you mentioned the cyclicals being unkillable not you. >> tom lee said that >> i know you watched the movie "predator. >> huge fan. >> i harken back to the great arnold schwarzenegger. when they noticed the predator could bleed or bleeding, they said if it bleeds, they can kill it the cyclicals have bled before, you can kill it. great movie for you folks at home >> i actually know the movie reference for the first time ever coming up, signs of what to come up next, what just happened in energy and what it may mean for

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is welcome back to "fast money. the s&p energy sector 50-day moving average rising above its

200-day average otherwise known as the golden cross. does this imply that energy's worst day are over guy? >> you should have played the sound play a little longer ♪ >> that's me i think there are some golden days ahead if you look at exxonmobil, the 31 level we have talked about seemingly for the last couple months huge bottom and the same setup in xle i think it trades up to that june high. that's not to suggest there won't be huge down moves after next year. i think you will on the back of what is hopefully a better economy, but it won't be i think energy could surprise

people in the first half of next year >> jeff mills, what is your take on energy? any specific stocks you are eyeing >> energy overall. the technical indicator, it's very early to guy's point we are still below that june high i want to see more momentum there. if we are looking to individual stocks and want to find value, talked about oeg earlier it has a good company. management is exceptional. that's a company where i think you could buy. the chart looks similar to xle and i think this is an interesting stock, you have one value play in eog where the

chart don't look great and you could see a bounce, but something in -- >> we are just getting started here is what is coming up next >> what is dragging on shares of fubo tv. plus, you have questions we have answers. a bonus hour of "fast money" kicks off at the top of the hour tweet us at cnbc "fast money" and tune in at 6:00. "fast money" is back after this break.

welcome back look at shares of fubo tv

plunging it has dropped 40% from an all time high. rich, it's great to speak with you. you started with an $8 price on twitter you are getting a lot of flack, hate, so many things apply to the response you have gotten why do you think fubo is one of those highly charged names >> i think this is a case where there is a big discrepancy between what it is and what investors think it is. institutional investors know well what it is. think comcast without the wires. there are lots of them in the background you can see, there are lots of them, hulu tv. these are basically all of the same thing none of them make money. they are in the business for

other reasons. fubo's problem is they are in the business for the business and it is not a very good business >> carousel capital helped pressure the stock what happens to a name like this driven primarily, in your view, by retail sentiment? >> we have a pretty good network of subscribers over the last 15 months that we have built our business we have yet to talk to an institutional investor who wants to own the stock at this price investors who think this is row c -- roku or netflix. unfortunately, for them it is just wrong this company could raise

capital. they have done an incredible business building with pennies on the dollar. but the valuation doesn't make sense. i have been doing this job over 25 years and i have never seen a more compelling short than for fubo before it started to fall >> your commentary has been interesting on this name it has been a frenzy disney is up 50% in the last two months when you think about disney primarily owns hulu, what do you think is going on in general are investors placing too much emphasis on disney plus and these streaming assets >> disney, investors have overlooked the two worst

quarters in history. disney plus has the potential to be something much bigger they are looking at the long-term. what i think has gotten confused is fubu is not a company like disney plus or netflix it is 455,000 subscriber very small company sony had 800,000 subscribers and shut it down it was called sony view. there was one called direct tv now. it was hot a year ago and they have been shedding subscribers over the past year this is just not a good business the reason hulu is in the business is because of their subscription business. think of their on demand

programming. youtube tv, that's "sports illustrated" telling you it's the best way to stream television youtube sees bigger advertising related to ecosystem >> we are out of time. just to button up. if fubo is on one end of the spectrum, what is the opportunity? >> if you are viewers looking to play the wave of people being locked up during covid, looking for ways to make money during the streaming ecosystem, there is no better stock than netflix. it will continue to grind higher day after day. and we are also seeing -- all of hollywood is starting to realize they have to release movies into the consumer that's the story of the movie

business >> thanks. if fubo had options as well. mike, what did you spot? >> in options you could have investing strategies, trading strategies and pure speculation. fubo traded more than four time its put volume nearly 10,000 traded for 3.67 on average, more than 10% of the current stock price. what is going on my guess is they are hedging on shorts or a squeeze because people are already hedging the news >> thanks for the information.

guy? >> you know what the answer is netflix. and for all of you haters on twitter. rich green fiefield who does sof the most thoughtful work, for hip to say that, he has clearly done the work behind it. don't discount or disregard the great rich greenfield. >> james, your thoughts on screaming? >> streaming is great. fubo is not. there was another great movie in that era, "saving private ryan" and there was another acronym in there, fubar the netflix narrative. it's not even a comparison they have this fantasy they will be in the sports betting world when most states haven't

legalized gambling it has been said over and over again, this is a sell. >> coming up, it has been a favorite of our traders, but has it paid off? and a minigame of shop it or drop it. he may be amongst the biggest fans of the show we will be right back. turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪

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welcome back to "fast money. one stock set to prevent going deep in the red. let's go to bob. >> pro shares ultra vix. uvxy provides 1 tim1/2 times to index. investors who piled into this leveraged etf anticipating that leverage would be spiking have been sorely disappointing. it is not just that volatility has been lone. these are leveraged etfs and they are dangerous to hold for anything but the shortest of

terms. that's because you are garn tee -- guaranteed exposure only one day. these are usually significantly different than just 1.5 times. future is another key word this does not give you leveraged returns on the vix itself, but instead futures. futures are constantly expiring and new futures have to be bought the cost of that role is expensive. it's a mess. returns held for more than a few days can be vastly different than expected. vix is up about 60%. the uvxy is down about 60% so short-term trading vehicles

should not be held for anything but the shortest period and should be avoided altogether for investors. how many times have we done this story in the last 10 or 12 years. >> it's a good reminder though we brought this up and had bob do this report on the uvxy because james has been recommending uvxy since i joined us in early november it has been down 50% much we thought it would be worth addressing we are getting a lot of questions. why do you use this instrument and are you sticking to it >> thanks for the opportunity. not only do i love uvxy, but i also love bob. i want to echo his warnings. this is not something that should be traded by an individual investor.

the decay factor from the daily reset from the leveraged instrument means that if the index it is tracking does not move, it will lose value automatically. it is dangerous instrument this is why we trade uvxy. it offers an unparalleled scenario for a market pullback we are at all time highs for virtualliered market indicator and every time there has been a short-term downside. that would push the uvxy levels we saw similar to june where we saw a 40, 50, 60% in a few days. we made this same trade a year ago based on market valuations no clue a virus was coming

we bought january 2021 contracts. uvxy were about 11 bucks they are at 100 bucks so we are talking about returns. to your viewers, this is not something you should expect to buy and hold this is a positioning instrument that offers generational returns. we don't buy uvxy. we buy call options. we like the june calls, june 5 calls. we are deep in and long dated. so this bet is not a bet that uvxy will rise if we get a 10, 13% pullback, you get a return on those call options. it can be used to hedge your

portfolio. it is a complicated investment not for everybody. we love uvxy it gives us an opportunity to generate returns >> glad we got that clarification in let's underscore this. this is deep end of the pool so think carefully if you are considering using it coming up, we hear from the ceo. and bonus hour of as"ft money" is coming up we will be answering your questions. send us a tweet at "fast money." new projects means new project managers.

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in sunday's paper. welcome back to "fast money. this was a big winner as work from home boom took off. but as people go back to the office, what is next for the company. charles myers, ceo joins us. your stock has done well this year, but over the past three months is where we start to see the decline. it's getting away from the work from home names. can you speak to the idea that there has been pull forward in

all kinds of work from home view has there been pull forward for demand. >> we don't see it as pull forward, but see it as a sustainable demand being priority for business. we see digital trend in our lives every day. i think while there is probably some demand created by the work from home transition, i don't see it as a pull forward i see it more as a strong underlying secular demand. >> charles, just seeing the news over the last couple weeks, you closed on a joint venture with singapore. can you speak what you hope to get from that venture? >> sure. that is our second venture sometime ago we decided to

pursue the large print hyperscale footprints of companies like microsoft, google, et cetera, both here and in other parts of the world via a joint venture where we could allocate our capital to our heavily revenued business. we are excited about that. we closed in western europe sometime ago we have seen strong use of that. and just recently closed the one in japan we will probably see partners in other parts of the world as well >> you mentioned earlier you don't see it as much as a pull forward especially during the pandemic how do you see this acceleration going in 2021, 2022. how do you see it for your

business here. there is a lot of investors trying to pull the plug. but it seems like your business was already going in this direction. >> you look at the underlying investors. we talk to our customers they feel like they have seen what happened in the pandemic in terms of people better prepared for digital transformation outperforming those less prepared i think we are seeing people prepared to put money to work to continue their digital transformation every aspect of the business is changing not only in terms of how you interact with your customers, online buying, but how you work with your employees. how you interact with your

suppliers, partners. businesses are now run by applications, and the per tomorrowance of those is heavily dependent on your digital structure. that's where we come in, helping customers connect their intrastructure to the cloud. >> thank you for joining us much how do you think about this trading? >> i agree i don't think demand will go away it is acceleration we own some tower reaps. it is similar. secular growth you have 5g and these businesses have locust mer turn and i think

they are in a similar place. yes, they are helping customers like zoom and web ex and that will probably plateau some the stock is down 1%, showed some decent support. it is trading at a premium, but maybe it deserves it >> coming up, shop it or drop it three wide held stocks when we return see every delivery...

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welcome back a reminder we have a bonus hour of "fast money" at the top of the hour andwe are answering all of your trading questions. here is a question from one of our fans >> i am a big fan of the show. a big fan of mr. guy adame who i think is the brightest mind in the u.s., probably the world yes, mel i have to apologize in vans. -- advance i was going to go original, but

i will go shop it or drop it salesforce, workday and oracle would you shop or drop these three names. guy, if you shop it, you are buying it. >> he clearly watches the show for him to say you are one of the brightest minds in the u.s. and probably the world, well, we won't hold it against him. what do you have to say? >> completely misguided, but i love it nonetheless. i speak portuguese if we had more time i would give the entire time in portuguese. with all of that said -- and i appreciate that. that's very kind here is my shop it or drop it. oracle was my hope it has made a 52-week high i would shop oracle.

workday has a top around 250 i would drop workday salesforce, up since early september. something is going on. i have to drop that as well. two drops, one shop and i love south america and brazil, but there is a back story why i can't go back to the continent >> i am sure he is glad you love brazil >> i thought he was from brazil. sorry. >> time for the final trade. let's go around the horn dan? >> coca-cola looks like it's poised to break out of 55 and make a run for 60. >> james >> i still have to stick with uvxy >> jeff? into i am a buyer of macy's. it has found support around 10 i think you play the momentum of

macy's >> guy >> before we get out of here, mel, i am not with you tomorrow. happy new year to you, the "fast money" team. it has been a wonderful, crazy year we have gotten through it together psx. >> can you bring next year is 2021 that does it for us this hour, but we have another hour of "fast money" coming up on the other side of this break so do not go anywhere.

we'll answer your questions on air we got a lot of ground to cover tonight. does your portfolio need a shot in the arm questions for the coronavirus vaccine makers >> hey, this is dave from kentucky, my question today is about pfizer and moderna

they both came out with the vaccine, looks like that moderna just shot up but even though pfizer was first to the game, their stocks seemed to be stagnant around. i don't understand why it is not taken off. maybe you guys can help me out thanks for taking the question >> jack, what are you telling dave >> dave, it is a great question that we got a lot. i think giving exposure to the biotech space right now. with the uncertainty of the company's pipeline generally and what's going on with the vaccine and trying to entangle that and why one stock is one thing and one stock did another is difficult you. i do like the ivb.

we have the d diecisive break o. pfizer is there already. i do prefer pfizer simply because of the valuation i think their pipeline is clearer and they do pay that 4% dividend yield >> james, moderna is strictly and it is a vaccine company. their pipeline involves other vaccines that are built onthis specific mrna technology pfizer is a diversified pharmaceutical play. >> it is true. let's take our plan and look back and look how far these companies run. caution is needed here the biden/fauci vaccine roll out is fallen behind target. i am not sure if the vaccine is

the solution we thought it was if you look at the world's health organization, it gives no indication the vaccines can prevent transmission we saw a san diego nurse tested positive after receiving the pfizer vaccine a man died in switzerland. there is a lot of risk ahead and so one out performing the other begs the question do either deserve to be at these valuation levels given that we have not seen proofs. >> yeah, of course, there will always be skeptics but in terms of these stocks, would you recommend either or go with a basket play like jeff does >> i like jeff's play on ibb i think that's a good diversify

way to get exposure in innovation in the biontech space. we are dealing with a company of that scale and scope you can't really look at what's going on right now, you have to take a look basically across the if she c spectrum of everything they're offering those challenges are going to exist there after. the stock pricing prices all of that in. >> our next question is about an industry trying to stay afloat >> hey, guys, this is jackson phillips from houston, texas, i am a big fan of the show i want to hear your thoughts on the cruise industry and more importantly ccl. how do you see these stocks performing over the next year. thanks so much

>> he must be a big fan because we had a question from him yesterday. another good question. >> ccl towards the end of next year, i think we still have as i said some pressure coming in we have to see that the vaccine works. we have to see that people get vaccinated and then we have to see truly openings i think once those three stages happen, people are rushing back to the leisure space ccl is a good buy for those outcomes >> what do you think of the cruise line, mike? >> i think there is going to be a lot of pent up demand. customer basis pretty loyal to that this is something we need to be cautious about a lot of these companies taken

on a significant amount of debth as a result of what's going on ccl and enterprise values spot value. royal caribbean is slightly less of the two these companies although market cap is down are not particularly cheap on the total valuation you have to take a look at the equity effort. >> and they raise a lot of depths jeff and neil, is cruise line your cup of tea? >> i have been anticruise line and airlines i am coming around the airlines, they're recovering a bit quickly. yes, i think there is pent up demand demand is going to come back it may not be until the second of 2021. demands going to come back first but then i think it can take

more time for pricing to come back, there is a lot of choppy waters to navigate i take my time with the cruise line >> up next the question on a sector hoping for a hollywood ending >> this is robert from california i am reaching out to you for amc theaters do you think they're too deep in the hole now that the vaccine is out, do thank you think it will push the stock up >> mike? >> this is a situation where is not just an issue of basically demand once we got a reopening this is a company that's a poor cash position. they probably last $350 million in cash. they only had 400 million or so on hands so off situation where they are bleeding cash and much more

quickly frankly than the runway we are looking at for reopening. there is a risky bet we are looking at here. $11.4 billion and only $460 million market cap. almost all of that basically the cap is sitting on the balance she sheet. >> james, what will you do when the pandemic is over and i don't know where going to the movies fall on your list? for me is personally, it may be fifth or sixth because of streaming and the dominance of streaming these days >> it is a good point but don't estimate the power of well-buttered popcorn. it is more about watching the show about amc if you look at the decline of the chart over the last five years and look at the volume of activity, this company is getting hammered to the downside we have seen 50 or 75 times the volume of selling under pressure

of this covid situation. this is destructive to the stock. i am not sure this business survives this next wave of lockdown >> coming up looking for fast profits and fast food stocks we'll dig into mcdonald's and super size trades next video games are hot this year, is it game on oram ge over for these stocks we'll apps thenswer these questn much more after this quick break. see every delivery...

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welcome back to this bonus hour of "fast money. >> i would like to get your take on cheesecake factory.

let's bring in kate rogers on restaurant sales what's going on? >> reporter: traffic and sales saw their biggest decline mid june sales dropping by 16.9%. traffic down 20.9% year on year and with covid cases spiking and various restrictions in place. things won't be turning around any time soon. fast food concepts and diners above age 65, they're staying home in large number and avoiding dine-in restaurants 110,000 locations closed and 10,000 of those closures happened in the last three months alone the most pandemic gave welcome news of 37% of restaurants surveyed earlier in the month they did not think they would be in business by june without additional aid the relief bill a down payment

on what the industry needs to survive while restaurants and bars can borrow more than businesses under the new a bill. they don't get direct relief like other industries do while other independent restaurants continue to struggle, fast food names dominated and out performed this year, some of the best performers chipotle and wing stop and shake shack >> those are all carry-outs. cheesecake factory james, i understand that you love cheesecake factory. i am not sure if you love eating there or the stock >> i love cheesecake factory only the strong survives this is a strong business with a strong menu and consumer base. this is an extraordinary difficult time for restaurants as those surveys show. as you look at what's happening

with the vaccine and virus, things are likely to get worse this company is so strong is going to survive it. at that level i love going into this name, if you look at the menu and delivery options. they're expanding the ability to get to people who love the menu. they'll survive this some more is coming out and i would get into '25 and a strong upside there the next three years after we go back to eating out. >> they have strong portion sizes, too what do you think of the restaurants where you have to go in and sit there >> yes, if you can't find something you like there i think you have a problem there is good and bad with

cheesecake fa cheesecake fact cheesecake factory now the 200 trend is very good the stock is very cheap. but, i will add a but to that. if you put your lens further back the stock is in a multi-down trend. i think a big part of that was perhaps the location and the question about foot traffic and mall areas and things of that will nature. i think that could be a longer term head wind i may look elsewhere if i want to play this restaurant opening trend, something like darden and better location, stocks have been acting a little bit better for you. >> if you are still hungry out there, we have another food question >> this is mark curtis from california there is a lot of changes in the stock market recently and especially with mcdonald's, i am wondering should i cut my losses

or stay with the mctrain mike, what do you say? >> so fundamentally, i like mcdonald's a lot here. trading around 25 times full year estimated earnings just under eight bucks and good dividend and under 2.5%. it is the only real issue here they have been operating this business very, very well their refranchising efforts is very, very good. the one thing i would say looks a little bit weak. it would not surprise me much if we pull back to that 181 or 90 level. 10% drop from here i like the company, it is well positioned >> james, you police chief things could get worse economically in terms of the virus impact mcdonald's have a lot of drive-thru they have a digital menu to get in and out of the place. where do you stand on

mcdonald's. >> the mark comet comes out a lt this is another strong business that can survive anything. people are always going to go back to mcdonald's, great five year track record with the stock. solid dividend and pe is not out of control this business is going to survive whatever this economy throws at it i think with a little bit of weakness inheritance good long-term purchase. >> jeff, mcdonald's? >> i think there is some catalyst, they have some menu options. on the flip side obviously we know it here that the business is doing well because there is digital ordering and drive-thru so they can maintain a reasonable revenue base there. i reiterate of what the other two guys said, no land's man

that's where the stock is trading. i would look around 200 or maybe a little bit lower or decisive break out before i want to make a move >> we are just getting started here on "fast money. bitcoin hitting a fresh all time high today where the boom continues. what's your chip choice for the 'lslyear wel ide into the semispace to find out. stick around, we'll be right back - [narrator] at southern new hampshire university,

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new projects means you need to hire.gers. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. welcome back to "fast money. >> my name is cheng from new jersey my question is about bitcoin the central banks around the world are keeping interest rates

to zero and printing dollars to record highs does it make sense to think of bitcoin as a long-term investment for the next five to ten years? >> let's bring in our own crypto baller, brian kelly? cheng in new jersey, the basement has been a huge force this year. i am wondering is it going to be another force next year? >> yeah, i think it is that's a great point this is the exact environment that bitcoin was designed and created for. every central bank in the world is printing money. no central bank wants a strong currency the european central bank today came out and said hey, listen, we are watching the euro closely, we don't like it this

strong we don't want the yen to be any stronger i would imagine the british pound is next on that list if you go across the world, you are looking at every single country in the world wants a weaker currency. how do you sort all of currencies you buy bitcoin. >> how about the shorter term, brian, what do you see in terms -- we have seen an astranomical run at this point >> you are going to ask me the tough question shorter term is difficult i have to say one of the biggest indicators is how many are being created on the bitcoin network and how much the market is implying it is kind of like maus or monthly active users for bitcoin and facebook where we are right now is the

market is pricing in and close to 30% growth and addresses. addresses are really growing at about 5% we get to those levels for me is a caution zone does not mean we can't rip the 30,000 or the 35,000 it means if you are getting it in here. you have to understand bitcoin is extremely volatile and it can drop down to 20% within a couple of days. long run is a no and relative no brainer, and in the short run just understand it is volatile and if you buy here, a lot of the easy money is made in the short term >> super quick question and that's ripple, point basis taking it off its exchange starting january i am wondering does that money go into bitcoin. are we in the very short term, do we see a little bit of bounce because of that. >> i think you could be, you could see some of that money going in there

most of the selling of ripple had been done and destroyed the last several of days i believe there is one u.s. exchange left, i think it still quotes it. i suspect at some point you have to come off of it. you sell into u.s. dollars and bitcoin which effectively means that you are buying bitcoin. >> b.k., always good to see you. enjoy that fire behind you brian kelly. >> james , what do you see of te shorter term >> wow, shorter term, b.k. just said no brainer. i like bitw. it is the first index fund

it will remove problems like we saw with ripple. automatically picked out ripple and brought out something else i think bitcoin as exciting as it is. it is equal and dangerous and unpredictable. i agree with b.k. it got too much interests to ignore >> coming up, calling all gamers those trades, next with the release with the stimulus checks. kell we see a pop in day trade li tesla and apple we'll answer that question with much more "fast money," straight ahead.

welcome back with this bonus hour of "fast money. we are powering on with games. >> tust for having me on i have a question, is its a buy or a hold. >> before we answer travis, let's get to josh lipton for video game stocks for the new year >> no industry benefited more than video games from the pandemic global video games revenue, it is expected to surge 19% this year to finish at a whopping $205 billion pwc making the north american sports got hit by the pandemic will bring in about 76 billion

what about 2021? >> i caught up with lewis ward he expects some deceleration next year as covid-19 vaccine is distributed and people can enjoy traditional form of entertainment like live sports and movie theaters he does not expect to see real deceleration until 2022. how much at that point is still unknown. those new consuls from sony and microsoft, those are hard to find right now supplies is expected to catch in demand the second quarter. lewis ward says it will grow in 2021 and 2022. all three of the big publicly traded i spoke with eric handler.

he does like activision. more mobile games are on the way in the spring and later diablo mortal is expected >> josh lipton thank you. back to travis' question, buy or sell or hold, activision >> i want whatever travis got because that energy is awesome i like activision. you have seen a huge spike so is it over as we start to see some of this reopening. and even in september if you look at the hours players are spent on the different platforms, it was still seven times back on the baseline level. we just mentioned the consul

they had down the pipe you just had a break out of 86 which i like i would continue to buy the stk he stock here >> if we ever go back to work, james, physically, will people have time to game? certainly some will continue gaming but some won't. >> true. this company has been extraordinary successful for a long time and demands get more innovation and creativity. >> you just saw the number, almost triple the revenues in this environment this company continues to go higher, they'll come out with some amazing games on the platform i would hold onto your profit. >> let's get to another gaming

question >> hi, jimmy from san diego here i got into game stop june of this year in anticipation of the next release of gaming consuls is there still an upside for game stock or should i pull it now? >> here we are up 200% year to date >> this is a situation kind of where we -- buyer, be wear, what are you really buying here demand for those have been essentially off the charts

l a lot of the gaming will be digital. i don't think that's as clear for game stop stores i would be a seller. >> josh lipton in his report mentions the rise of mobile gaming and the popularity of that that does not necessarily mean good things for game stop. >> not necessarily this company was basically left for dead. they're trying to work their way into digital they have that agreement with microsoft. they are the primary beneficiary of some of these new game consuls. they had the big pop and a lot of short coverings so i think given the pivot they are making in their business and some of the tail winds they have, i do believe you can have more upside. >> where do you stand on gme >> dangerous i like the positioning in the industry but i don't like the

stock and the company and i think we are looking at a continuation of a five-year trend. makes more sense at 10 bucks or 20 bucks >> you are chipping away of a selection of semis this hot home improvement trade is big for the market. when "fast money" returns.

welcome back to this bonus hour of "fast money. >> hey, what's up "fast money" team, semiconductor stocks, what do thank you think taiwan semiconductor or nvidia, thoughts, thanks >> james, what do you tell him >> i am going to go with taiwan semiconductor. both have a huge amount of upside, the cheaper stock is taiwan semiconductor they have equal opportunity, grow, grow you want to profit, profit and this one is half as expensive here with the similar trajectory in termsof its outlook i like taiwan semiconductor. >> mike, which one >> i would go with nvidia. nvidia is making a high end product. they can't get enough of them

built at the moment. the $1,500 you can't find these things in stock. they're in the right business and at the right time. we have big change and demands for their producing. so i realize that companies is really expensive it is levelled off here and that may be poisoning and despite the high valuation already >> jack, break the tie taiwan semi or nvidia? >> i am going to go with taiwan semi with taiwan, you will have successes as well.

ill sti i would stick with taiwan semias well >> let's stick with tech >> hi, this is mike from texas like many young investors, the prices of these stocks individually is pretty high. we. >> reporter: thinking were think i think this is a glareat way o not only getting exposure to the name but also its sector itself. we thank you for taking our question today and we wish you the best of health >> same to you mike in texas

it is for kids in their teens and 20s. what do thank you tell them? 100% >> the context is key with the question like that when you look within tech, trying to pick the winners and lo losers can be difficult and trying to figure out what actually goes into tuition in the long-term and given the valuation is difficult so for an investment like that that's going to be held for many, many years or if not decade getting broad exposure is probably the way to go >> there are also sub etfs within technology, mike. maybe you would advise mike to look into cyber etf or semiconductor etf or especially

specialized. >> of course it is heavily concentrated these microsoft and apple, they're close to 45% all alone it is a way to get exposure to names like nvidia and trading at a high multiple right now. this way you will be short of catch the winners. >> james, maybe somebody looking to exposure to tech. there are other ways to do it, too. there are other etfs that can giver y give you another slice of technology >> that's a great one. i like the innovation etf from the arc family ark, type in any letter where

you will see or disrupters in general. the nasdaq is always going to hold broad basket and powerful players and well diversified if you are going to be in tech. >> by the way -- >> that ark innovation etfs, that's the best performing non-leverage coming up. we are running right into this next name. you should lace up or leave this one behind we are back in two

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welcome back to this bonus hour of "fast money" with stimulus checks rolling out, we thought we end the show with a few questions of what people may do with that extra cash. >> hey, guys, hope you are doing well i have a question for you on 2021 q-1 outlook with the popularity of robinhood and young investors on the rise, do thank you think the effects of stimulus checks should they

be approved, propping up name brands like tesla and apple like that moving in the the new year? >> that's a good question because we saw the first round of checks fuelled that surge and retail trading that we saw earlier in the year. is it going to hold true this time around? >> the honest answer i don't know for sure and with $600 and the amount of people, i would not be buying the name on speculation that's going to drive the stock higher that sort of macro thesis important to me as it relates to stimulus the chart is very interesting.

this is a report that our buddy put out. if you look at the stock this year is a very repeatable pattern where you get a pop and a consolidation. this is the fourth time that we have seen the big pop. i would not be chasing the stock higher here. >> there is a new york times article today, most americans will save that $600 in stimulus this time around to jeff's point, james, take a look at the stock itself do you like any of these names >> the challenges that people experience this year are unprecedented. based on that challenge, even if we site the amazing innovation we have seen of democracy and investing in these platforms

these are not experienced in . investors and they have not seen market values are that high. i will say cite extraordinary strong businesses. wem s we'll see the rotation and i don't see the $600 check will influence the market i do think the name you point out will be ahead above survivors is coming. >> how do you feel about apple or tesla >> i have a position right now that's playing for that consolidation. i think people misunderstand the company sometimes. the valuation is pretty rich

despite the fact that some people may be discounting and some of the things they're doing super charging and network, the stock had quite a run of 700 plus percent it is going to have to take a little bit of a breather as it goes higher. obviously i thought it is going to be sooner than it has >> speaking of money let's dive into the post-games bapayment based with the next one. >> my question is about square and paypal i would like exposure to one of these companies but i am not sure which one what do you guys think >> this is the first time a shimmy asking us a question on the show what do you tell shimmy in florida? >> i would go with paypal here

the increase of ecommerce is proven to be a big strength for them this is not a situation where it necessarily reverses on the back end of this. they obviously done some additional thing on the technology front to broaden their exposure, they're going to see good continued growth on the top line over the next couple of years. when you take a look at their valuation, high beta name so we do get 10% setback, this is one of the high flying names >> shimmy was saying he wanted exposure in thin tech. you can think of thin tech more broadly if you choose visa, for instance, a new record today how do you think of thin tech in getting exposure >> yeah, i like a stock like visa a little bit more paypal and square are huge tail winds. they're going to be doing all sorts of things bill pay and there is going to be a ton of

services offered through those types. you just get to a point where expectations don't align with valuations i struggle a little bit in that space verses visas where you have a little bit more upside. >> it is a good point. visas is very strong and a strong earnings track record they're doing something and recently had an acquisition and moving digital payments and they got crypto i still like paypal better when we talk about square. square is one of my summer love. i love this business for what it can do for the pandemic. 300 plus pe, my summer love. paypal can be more nimble in adopting things and putting them into consumers hands i like paypal between the two

squares. with visa, it is a strong competitor >> moving on with pending home sales declining for a third straight month let's turn to a question on a home improvement stock >> hey, "fast money. john from los angeles here i have two questions for you guys i bought lowe's, what is the outlook for security may be and should i keep it or let it go? i am up a fair amount since march so looking for some advise thanks so much >> james, what do you tell john? >> you got to sell it here if you bought in march's lows you are not going to get a better return on that. we have seen declines in home sales, all that is adding up to a picture that's gloomier. lowe's is going to be okay

based on your position now, morr more risk to the downside. we are starting to see deceleration in construction of homes and purchases of homes that's going to come out of the sales of lowe's. i would get out. there is also fixing up of homes though what's your take >> lowe's is a stock that we like for a while this is something we held from the march bottom, you can't go wrong taking a property c there is no question i like some exposure to your point now. not necessarily the builder or home sales, people fixing up their home, it will continue to some degree. consumers are in better shape. they are in this unusual position where they spend less but income is actually up.

i think there is still money spent in this area i do like lowe's verses home dep depot. we still continue to hold the stock here >> we got time for one final question of the night. let's run right into a question on nike as the sneaker company launched their first laced air jordans today. >> this is chris from palm beach, florida happy new year to my man jimmy and the rest of the team my question is nike. the analysts have raised price targets and upgrades the famous word of my man, dommy, should i wrap it or scrap it >> jeff, what do you tell him? >> i would think you get some consolidation and get back in at a lower price.

if you are trading it, i would keep it in mind. a company that's getting a lot right. digital sales up 84% digital sales that are a lot profitable and then another thing that caught my eyes if inventories down 2% from the same point last year talking about some evidence of strong demand. i think it is there. consumers continue to be in good shape given the recession that we are trying to work our way out of longer term i still like nike. >> and the pandemic for china is in the rear-view mirror, mike. >> absolutely. >> nike is exceeding my son just got his custom design today it is a tough entry point for sure >> i don't know about the self lacing shoes sounds lazy to me. >> thanks traders for all your

input. thank you for watching our special edition of "fast money". we'll be back tomorrow from 5:00 to 7:00. we'll continue to take your questions. in the meantime, stay tuned, the news is up next. i'm contessa brewer in for shi shepard smith and this is the news >> astrazeneca is not a new uk-made vaccine. >> new hope as the uk approves a new vaccine. a new strain of the virus is confirmed in the u.s., this as america struggles with the rollout of the vaccine. >> obstruction to those checks going to the american people. >> democrats press mitch mcdonnell for the stimulus checks the senate maj