purchases so maybe there will be interesting color in the minutes. tesla, which is already up 4% so far this year and closed at 735 today getting an upgrade from morgan stanley, a new price target of 810. >> yes the stock already kind of ticking a little bit higher in the after market certainly now is a big influence on the nasdaq for sure and to some degree the s&p. >> we are out of time here on "closing bell. "fast money" starts now. >> i'm melissa lee and this is "fast money. guy adami, karen seymour polls closing in georgia in less than two hours from now in two key senate runoffs we'll break down what's at stake for your money. plus we'll tell you what sent these names into overdrive. mcdonald's tripling down in the fast food chicken wars we're digging in straight ahead. we start off with a big

breakout in big energy crude oil surging 5% close above $50 a barrel the move driven by saudi arabia shocking the market by unexpectedly cutting production. energy stocks rallying along with the commodity the xle etf posting its best day in more than a month the chart master says beware of this big breakout. we want to go straight to the chart master, carter worth carter, happy new year >> happy new year, melissa, thank you. well, just three charts. the first, take a look i've drawn one line here what we would character this as is a rally to a difficult level. meaning with today's strength just slightly over 50 before backing away, wti undid all of its weakness associated with the pandemic, returned exactly to its late february level. now look at the second chart this is the exact same chart, just another way to draw the lines.

you have a well defined sequence here of lower levels basically in september, 2018, we were at or near 70 you can see that and then in december of '19 we were at 60 plus or minus and now we've rallied to 50. 70, 60, 50 it's a rally to a difficult level. sometimes there is by the rumor cell the news. crude could have been up $10 a barrel but it stopped not randomly, right at that line i think that's important the third and final chart, now, this is a two panel. it's the same thing we just looked at, the top being wti, the front contact which is february, and the bottom panel is relative performance to a broad basket of commodities. the bottom panel is a basket with zinc and nickel and aluminum and corn and wheat and gold and silver and hogs and

cattle, coffee and cotton. what we know is that crude's move, impressive as it is, is simply a move in an ongoing downtrend and so we're thinking you fade it here the big move, news related, yes, is not likely to carry through just one other thing before we quit it's not random. if you look at where crude closed today, 49.89 or thereabouts, christmas crude, 12 months out, is at 48.55. lower than the front contract. we think there's a message there. >> carter, some might see this chart and see your call as a call on the broader markets. is that -- is there a correlation there? >> i don't think so. i mean i think this is very specific we know there was news we know it was a unilateral decision a million barrels a day, i guess it is, from the saudis, and

there was a big move it moved 5%. but it's not random where it petered out if you draw the lines. >> carter, great to see you. thank you. >> likewise. >> carter worth, the chart master guy adami, do you agree with carter and do you take it as a sign that maybe oil is telling us something if you believe it's going to break down? >> yeah. one of the first things i learned on this show is don't get too wonky inside baseball. what carter is speaking about is a backward dated oil market. i would look at it and say if that christmas crude as he talks about is lower than this front month, some construe that as bullish. it's neither here nor there. i think there's room to run. kudos on tim, by the way, who's been on the synergy trade for a while. i think in the short term there's still room to the upside we've talked about it since october when many of these names made huge double bottoms, not the least of which exxonmobil.

but psx, we've talked about the levered energy plays just look at that name since october. 45, huge double bottom i think it could trade up to that 85 level we saw back on june 5th i think the last analyst upgrade note was on november 6th on pxl. although carter is going to be right, i think over the next couple of weeks there's still upside in these names. >> dan, is this in some way a dash for trash given where the markets are and the search for the next play here >> yeah. so when you think about the xle, we know they're heavily weighted toward exxon and chevron you look at exxon. guy mentioned that double bottom that we saw in crude and related names. but exxon is still 25 -- 20 or so percent from its june highs here so there's still a lot of room to go. if you're playing for beta, it could be there, especially when

you see crude moving around the way it is. i'll just throw in, put in that ism manufacturing number this morning, that was much better than expected, near two-year highs. you talk about inputs going into manufacturing, obviously crude oil is one of them you could make a near term bullish case that manufacturing and a whole host of other industries opening up despite the fact there's lots of covid around and lots of mitigation attempts it's probably going to be something that's not just a one or two-month trend but you're likely to see in q2. >> we have to remember that along with the increased restrictions here around the world including the united states, germany, japan, london, the uk, that china, there's basically not a covid problem anymore, tim that is the story of an economy that has pretty much recovered >> yeah, and they had a slightly weaker manufacturing number earlier in the week. yes, i think that's part of the story and part of where opec is trying to balance short-term

weakness to where they think medium term there is a recovery. that's why i think saudi's unilateral move, again, this came on a day when opec plus, which includes russia, didn't cut and kept the same -- or didn't raise there was some expectation you could have another 500,000 barrels out there. this was a durably good day. i think supply side is still a lot more important for oil the fact that it appears that there's at least been some un n union, some meeting of the minds and a more heavily consensus opec than we've seen in a long time and back to the stocks, look, oil services, if you look at $50 oil, that's great for u.s. shale producers. first of all, i think the eogs of the world, these guys talked about the integrated names but certainly this is very good for the u.s. in the short run i think russia probably hates this deal but saudi is taking the pain but in the medium term this is

great for oil services last time oil closed above 55 on brent -- since that last time slumberge has refocused its oil business to the market they have now. so i think it's outperformed xle to the s&p about ten weeks guy talked about these levels and dan did too and the double bottom so i think you stay there. >> karen, do you think you could find value in the oil market if i said wti will stay around $50 a barrel for the rest of the year, does that change the equation for you >> yeah, i would be skeptical that it would. but let's say you would say that and it would be true, i would say there is a lot of places to look you talked about the dash for trash. i think if you had steady -- it almost doesn't matter above what price but steady a price a long

enough time the levered ones would do well. i'm skeptical of this holding together i think that it used to be the highest correlation between gdp growth and oil and i think that's weakening somewhat. i also feel like i've missed the trade. kudos to tim, he got it right, so i'm not inclined to get in here i'm sort of in carter's camp. >> guy, it struck me as amazing that carter started off his hit saying that oil basically has erased all of the pandemic losses, that it's become to where it was pre-pandemic. in your view, should it be there? >> well, you have to then say should it have ever been back to the low 20s. the answer is probably know. you can make a compelling argument that it should have fallen obviously march, april, may but not nearly as precipitously as it did. there were a lot of things going on remember, this is not a political show, but unfortunately we get dragged

into it. you know, there was a time last year or late last year, early this year, president trump was calling for lower oil prices the prices were too high then oil got obliterated and then magically it was -- he wanted oil prices to go higher because it was hurting some of our shale producers. so there was a lot of, i'll use the word, shenanigans going on in terms of the actual price of oil. so to answer your question, it shouldn't have ever been as low as it was and i think it's probably correctly priced here i think to tim's point, quickly, oil stocks can do very well if the commodity were to flat line, even though slightly lower over the next couple of weeks and i think that's the environment we find ourselves in. >> is oil a barometer, and this is the question i asked carter, tim. is oil a barometer of economic health anymore i guess i could ask has it ever been in the past year or so. >> sorry for my mic issues before i think oil as a measure of risk and where we're going, i think

with broader macro, oil is a function of the dollar, a function of where rates are going, oil is a function of the reflation and the rest of the world recovering and a look to where we're going to be. i don't think it's as much about how much risk do you want to take on. i think it's more about we've rotated and actually moved into some of these names that were long term underperformers and that's a part of the story. >> goldman sachs has a couple of big oil stocks that it thinks can gain another 20% or more this year. head to cnbc-pro to sign up. the race for georgia's two senate seats polls close in less than two hours. for more let's get to ylan mui who has the latest. >> reporter: melissa, georgia officials say all systems are running smoothly so far and the public should have confidence in the reliability of the results the average wait time at the ballot box is just one minute. as of this afternoon, only one

polling place reported a line longer than 20 minutes >> we want to reiterate, don't self-suppress your vote if you feel like it's not going to count. if you care about who wins these elections, one way or the other police turn out and vote as you've seen, we have relatively short lines in bomost places so it should be easy for you. >> reporter: the state did set a record for early voting, the tally was 3.1 million votes and they can start counting those at 7:00 p.m the candidates spent the day greeting campaign workers. both parties acknowledged that this election is going to come down to turnout. this is all about mobilization rather than persuasion democrats have been encouraged by the uptick in black voters so far. they drove about 31% of the early voting that's up two percentage points from the final tally in the general election republicans are pointing to a strong showing in north georgia

where president trump was campaigning last night so, melissa, this is a race that is clearly going to come down to the wire officials are saying we may not know who won tonight and it could be a couple of days before we see the final results. >> is it going to come down to just straight up numbers or is there a margin of error in which case the results may not be clear? >> reporter: so if the final margin of error is 0.5% or less, then either candidate can -- presumably the losing candidate, would request a recount, has that ability to do that within two days after the state certifies the election results so that process could take place throughout the month of january if this margin is razor thin, as we do expect it to be. >> ylan, thank you ylan mui in washington following the georgia runoffs. karen, yesterday we spent a great deal of time in the show talking about the various scenarios under which you would either change your portfolio or

not. ultimately, though, does who wins the senate, does that change your, let's say, even one-year outlook for stocks or any particular sectors >> i think the most -- if i could pin point the change, it would maybe be infrastructure. so what i think about, if the two seats were to go blue, then i think biden has a potential window for an infrastructure plan i was looking at something like uri that traded today. at one point it was up $9, which was a lot. i think maybe that was saying we expect a blue wave so in terms of taxes or the market, i think the knee-jerk reaction of a blue wave would be down, but i do think stimulus and maybe infrastructure would put a floor under that and i would be buying if it did sell off on a blue wave. >> same question to you, dan >> yeah, so i guess the real question is whether you think increased fiscal stimulus,

increased infrastructure spending would outweigh higher taxes at some point. if biden were to have the edge with the senate, he basically has one really big legislative thing to do. we know in the trump administration they got taxes. we know that obama got health care and that was pretty much it. if you don't have the senate and you don't have the house, you can't get things done. the likelihood that they have the senate and the house would only be until the midterms anyway so i just don't think they're going to raise taxes in the middle of this recovery, so i'm more in karen's camp that infrastructure spending would be the thing. and then just a massive continued increase of that money supply, which is obviously good for risk assets. >> infrastructure spending would be a huge boost to the economy at a time when it needs it so desperately, guy, but at the same time one centerpiece of the democratic agenda is tackling income inequality and that for them is part of the reason why you want tax reform. >> they should tackle income -- and this is only an hour show so

i wasn't wax poetic about why the policies of central banks have created this wealth inequality you talk about. in terms of the trade, i look at it this way. the u.s. dollar is going to go lower in my opinion in 2021. if there's a blue sweep this evening, it's just going to go down faster. the trades that worked late last year, early last year, these resource trades, which you've seen obviously over the last couple weeks, they'll just work a lot faster as well so that's how i look at it dollar goes lower in 2021. it goes lower faster if they were to sweep this evening. >> tim >> well, and if the dollar breaks this 88, 89 level, there's a real line down to 80, 81 so not overnight and i don't think a move on the dollar -- that would be unhealthy. but i do think this is something we need to watch coming up, a china crackdown. regulators pressuring jack ma to hand over troves of consumer credit data collected from ant group. we'll bring you the full daietls

on what it means to the stock straight ahead. later we're hitting the car lot as auto sales numbers for 2020 roll n. we'll bring you the trade when "fast money" returns over you. figuratively speaking." but that's not catchy, is it? that's not going to swim about in your brain. so i thought, what about... 15 minutes. 15 percent. serendipity. 15 minutes could save you 15% or more on car insurance. but we are hoping things will pick up by q3. yeah...uh... doug? sorry about that. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today.

welcome back we're watching shares of alibaba dropping deirdre bosa has the latest. >> hey, melissa, pressure not just in china but over here as well reuters is reporting that president trump on tuesday, that's today, signed an executive order banning transactions with eight chinese software applications, including ali pay and that is part of ant group, jack ma's company, that has been under so much pressure over in china. we know that its ipo was pulled just days before it was set to go public. regulators are looking at breaking up the business not long ago, about an hour ago, we had fresh headlines from "the wall street journal" saying that chinese regulators are seeking consumer data from ant group citing official sources over there. so, melissa, the pressure continues to be heaped on, although i'm not sure that many were expecting it to be heaped on on this side of the world in the united states. however, this also isn't the first time that president trump and his administration have taken aim at alibaba and ant

there have been talks in the past about perhaps limiting its cloud reach. and ali pay, certainly there has been talks about limiting its reach in the u.s., as well as tencent's wepay but not a lot of americans use ali pay. it's mostly used by chinese tourists who come over to the united states and spend money so it's unclear what this means for the bottom line. of course this is just more pressure on top of that company. >> was the u.s. seen as a potential growth market? i'm just trying to figure out how investors are interpreting this in terms of if you cut off all the ali pay transactions in the united states, you mentioned it wouldn't impact it, but in the future was that a source of growth for the company >> that's a great point, yes when this was being discussed a few months ago, it was seen as hurting the growth prospects remember, melissa, that's also when ant group was valued above $300 billion its valuation now is thought to be around $100 billion

it has far larger problems in the chinese mainland than it does in terms of growth expansion elsewhere. so yes, it does potentially hurt the expansion aims and ambitions, which we know that ant group has had in the past, but they have let's say far bigger fish to fry at home. >> i also want to ask you about this "journal" story that dropped in the afternoon about chinese regulators going after ant group to share its credit files on consumers with the regulators and what that could do to ant group. as i understand it, ant has scaled back in terms of extending credit and lowering credit limits for its customers. >> mm-hmm, this is key because remember also that its credit business has actually gone larger in terms of revenue than its payments business. credit has really been more lucrative and the whole reason behind that $300 billion plus valuation. so more pressure on this area of

the business "the journal" is reporting that chinese regulators are aiming to have access to it by forcing ant group to potentially report into a credit rating agency either directly controlled or associated with china's central bank remember that ant group has access to so much data it is in some cases even bigger than the banks, the national banks over there they have access to consumer habits, to loan data and in the past and previous years, jack ma has really resisted these calls to share more of that data with beijing but his position right now is far more compromised than it ever has been. he's laying low under all the pressure, so probably less room to bargain again, it's just another hit for ant group when you think about it, melissa, just a few months ago on the eve of its blockbuster ipo, how far it's fallen and really uncertain at this point how it gets back up. >> what a turn of events

thank you. deirdre bosa or d.bo as she's known on this show let's talk about the efforts of regulators to break that monopoly on the data ant group holds. it wants to break the monopoly on the business it has in china because it may break the banking system and trying to break the monopoly on the consumer data it seems to hold as well. tim, does this change the calculus we've said for a long time that basically, you know, ant -- it doesn't even count in the market cap of this company and the valuation of the company right now. that it's already discounted it. >> yeah. i think part of the move of a y alibaba up to 320ish, and d. bo outlined where the valuation of ant financial has plummeted, is kinds of in the stock. i think it was also not given credit officially on the way up. but anyway, what do you do with alibaba here

as someone that's invested and lived in emerging markets and seen companies get attacked by the state, whether in latin america or russia, i'd rather see alibaba as an investor, not as a citizen of the world, give in and jack ma let the chinese government have their way here ultimately you don't want to go toe to toe here, you're going to lose i don't think ultimately this is going to have to come down to that but seeing the 100 banks that essentially ant financial deals with on the underlying consumers having to obey, i think the banks themselves willow b obey chinese government i think buying this weakness is what you want to do here the headlines, every day is a roller coaster, but this is a fantastic company at least as it exists today don't worry about those u.s. headlines. i don't think it matters what we do to this company here. >> yeah. it's already facing enough pressure in china, it was stunning when david faber came

on "squawk on the street" this morning with a report that jack ma was not missing that was the news, that he was not missing. he's hanging out where the headquarters of alibaba, just laying low the head line is that he was not missing because there was concern that nobody had seen him since that famous october speech where he criticized regulation in china which got the company in so much trouble karen, where do you stand right now? when i heard that regulators wanted data, i immediately wondered if the u.s. would interpret that as government getting ahold of data so helping the government and that may be construed as not esg, helping the state in some fashion, and it may land the company on some sort of black list >> i mean i guess. it seemed to be on every chinese company of size, i think, seems to be on one right now here, and obviously there baba is scarily in the crosshairs. you brought up a point that i think is really interesting.

alibaba, the valuation of ant when alibaba is about 5, maybe even less percent of its overall valuation, so it seems to be getting penalized again and again and again for hits to ant financial. so it's just the environment that we're in. i agree with tim on just about everything tim said about complying as an investor is probably a very good thing and i want to own it here. i want to own it for the long term i think, you know, it's definitely not fun to see the bad headlines every other day. what actually is interesting, 30 billion dollars of market cap today because jack ma wasn't missing. that was as much as their ant financial stake. so it is definitely a roller coaster, but i am in it for the long term. >> baba shares paring their losses we have a lot more "fast money." here's what's coming up next. will the semi surge continue a top tech analyst joins us next

to dip into the chip space. plus it's a fast food zyen the chicken sandwich wars are heating up, but are investors loving it? we've got that and a lot more when "fast money" returns. mom! at&t has the deal for new and existing customers! i will. so what'd she say? wrong person. guy named carl. but he's very excited and on his way. word-of-mouth advertising. it's what they did before commercials. it's not complicated. everyone gets our best deal, like the amazing iphone 12 mini on us.

breaking news out of the ipo market let's get to leslie picker with the details. >> hey, melissa, i am hearing from three sources that oatly is planning an ipo that could raise $1 million they have mandated jpmorgan, morgan stanley and credit suisse to run the deal. this company has an interesting allotment of bedfellows as

backers. blackstone as well as celebrities, including oprah, jay-z, natalie portman all have invested in oatly. in july this company was valued at $2 billion in its latest round. oatly declined to comment on its plans for an ipo but again, melissa, that ipo pipeline remains very full despite last year's record-breaking level of issuan issuance. >> it seems like jay-z and oprah would be a winning ticket. show of hands, traders, i'm curious, do any of you consume oat milk nobody raised their hand. >> if i have to. if i have to so we are not the demographic for oat milk is my point >> who is? >> karen, who is you've got a couple of drinkers in your household. >> my kids are yes, i have oatly in my refrigerator right now i have two kids that are vegetarians. they love oatly. they're talking about this billion dollars they want to raise.

i have no idea what valuation that would be. it seems like it could be a beyond meat-like frenzy. >> it's the same drivers i feel like dan would relate to this trade, but it's sort of the same investment thesis as a beyond meat. >> yeah. listen, i do think that aaron just mentioned two of her young children, i guess they're in their teens or whatever, don't eat meat there's a lot of people that don't eat dairy. this is something that this generationally is a thing. you just have to decide what you're willing to kind of pay for this potential future trend of a bunch of finicky consumers. >> i cannot wait for the day when we do the taste test, guy you get yourself ready for this oatly taste test. >> his system won't handle that. let's switch gears and look at intel surging more than 2% today. the chip maker is now up nearly 8% since dan loeb's hedge fund

urged them to explore alternatives is the turn-around story for real let's bring in tech specialist jar jared. in terms of what he wants the company to do, do you think those things are achievable and can trigger that turn-around >> so thanks for having me again. let's put some things in perspective here intel is on multi-year all-time lows versus the s & h. it trades at about ten times earnings versus the comp group at twe20, so half the multiple an agent of change certainly makes a lot of sense i would certainly highlight that the issues are more structural than not from a fundamental standpoint and it really is centered around two aspects, which are certainly very intertwined from my perspective. the first is process technology leadership or the lack thereof and competitive landscape.

so intel has always been the leader from that standpoint. for those less familiar, it's about cramming as many transistors as possible. intel is trying to get 10 nanometer out. you've got a fundamental problem. that's going to take years and tens of billions plus to go ahead and fix. the other is competitive it's also parallel compute when you think about nvidia gpus and graphic processor units taking share as artificial intelligence and machine learning enter the realm for next gen compute, that's eating at core cpu demand lastly is their own customers are designing their own.

a lot of mfaang, they're all designing their own siliconsilis but the semi conductor market does remain healthy. >> i thought the manufacturing point was interesting because of what dan loeb was pointing out it was a matter of national security for intel to improve its manufacturing and keep it here in the united states. when that was seen as sort of -- as you mentioned, it was a problem in the lates quarter reported and it was thought perhaps by outsourcing the newest chips in terms of the manufacturing that that would actually help intel a lot. so it seemed like conflicting solutions to the same problem. >> yeah. it's a great point on one hand outsourcing could potentially solve some of those problems but at the same time there's no really capacity that's out there. it's really just taiwan semi conductor that has that capacity so maybe over the long term that's an option to your point, national

security, bringing the semi conductor industry onshore has bipartisan support, regardless of what happens tonight in georgia with the senate. if the dems can flip or not, you've got bipartisan support to bring domestic manufacturing for semi conductors onshore. we recently passed the chips act as part of a defense bill so you've got bipartisan support. i find it hard to imagine that the government will let intel raise their white flag and give up and exit leading edge manufacturing. >> jared, it's karen let me just ask you a question it used to be the semi conductors would trade, the multiples would get lower in boom times now it looks like the multiple gets higher in every time. does that concern you about the space? >> that's not necessarily idiosyncratic to semi conductors i totally hear you from that vantage point but the market is elevated from a multiple standpoint the thing to keep in mind and the reason why semi conductors

from a subsector perspective continues to be remain my preferred subsector within tnt from a portfolio construction standpoint, when you think about heading into 2021, it's the same ingredients that existed at the back half of 2020 i think will persist into 2021. you've got the yield curve steepening, inventories leaning, a cyclical recovery in broad-based demand such as industrial and automotive, commute remains healthy. that's going to persist even in a post-covid world, work from home, work from anywhere is going to be pervasive. so a lot of those demand drivers will exist when you think about the yield curve steepening, you see the 10-year approaching 2% traditionally semi conductors outperform in the context of a treasury curve that's steepening. >> jared, great to see you thank you for your time. >> thank you. >> speaking of semi stocks, last night jim cramer laid out some

investable themes for the new year one of them as digitization. he pointed to two big chip names, amd and nvidia. let's trade all of these stocks. guy? >> amd we talked about this for a while. we talked about lisa su being one of the best ceos out there it's interesting that he mentioned white flag that was a great song in 2003, if you recall. i do but intel, i'm not saying they're waving it but they might as well because the world has passed them by dan loeb is hoping to get a pop in a stock that is undervalued, keep on valuation, but it's cheap for a reason negative eps growth and a disastrous data center business. they report on the 21st, it's not going to be good i think amd is a much better play still. >> or was it the pop, did it happen up 8%, certainly outperformed the broader markets, dan

>> yeah. listen, i think it's really a restructuring story and i think we probably could have said that about intel about ten times over the last five years. now with loeb there, we talked about this, he's pretty good at sniffing these stories out keep an eye on nvidia. lots of different trends going on and make these things look exciting and people not so worried about valuation, but nvidia has a $330 billion market cap. it trades at about 17 times sales, about 46 times earnings the stock has not made a new high since september 6th it's gone sideways here. it acts kind of weak or looks like apple and microsoft did after they broke out of their multi-month consolidations but the way nvidia goes could be the way semi conductors go for the next two or three months or so. coming up, is it time to drive into the auto stock or is

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welcome back to "fast money. auto stocks on the move as quarterly sales numbers rolled in let's get to phil lebeau with the details. >> we're just getting the numbers from auto data which crunches all of these. they say that the december sales rate, 16.38 million vehicles that's been pretty darn strong relative to what we've seen since covid-19 hit the industry at the beginning of the year so the fourth quarter numbers and that's largely what we got from the automakers today. you saw some strength from volkswagen as well as general motors general motors two times better than what analysts were expecting. we saw some weakness from honda and nissan overall when you look at the fourth quarter, it's much of what we've seen building over the second and the third quarter. pickups and suvs remain in high demand and that's why you've got a tight inventory especially with those malls the pricing because of that inventory near record highs. take a look at general motors. this is an example of the type of pricing the industry experienced. for the fourth quarter the price

for the average tracks, a record $41,886. think about that that is the average vehicle price general motors had in the fourth quarter i remember, melissa, when it used to be $34,000, $35,000, so there is profitability driving through there. a couple of other stocks to look at fiat chrysler, ram fourth quarter pickup sales down 5% and toyota, its december sales up 7.5%. bottom line is this, melissa you continue to see strength for the automakers in part because of the tight demand but also because there's just -- or a tight market in inventory, but there's just a lot of demand out there and it continues to be extremely strong when it comes to full-size pickup trucks as well as suvs. >> i'm guessing, phil, that the automakers no longer have to include incentives >> well, there are incentives out there. it's not hard to find 0% financing. are they as lucrative and rich as we've seen in the past? >> like rebates and things like

that >> you will finding that on certain models but if you say i want a full-size pickup truck and i want it loaded x, y, z, it's going to be very hard to find a deal out there you'll find some but certainly not what you would see in a much slower market. >> phil, thank you phil lebeau. that is stuping, an average transaction price that hit a record in the fourth quarter. we want to tell you with this price target increase for shares of tesla. those shares are moving higher about 2% adam jonas is raising his price target to 810 from 540 back in november 810 is not too much higher from where it is right now, 60 bucks higher but he said a lot of things have happened since that november upgrade. it raised capital, it was included in the s&p 500. he also didn't have a number of factories included in the model so it's an adjustment for the volume increase that he anticipates will happen in terms of sales for tesla guy adami, in the auto space,

what's your top trade? >> well, you know, tim and karen have spoken about this you put a nine multiple on the $6 gm will earn and nine multiple is not unreasonable but i'll go back to carvana and dan nathan did a wonderful job illustrating these stocks. carvana went from 292 or thereabouts down to 230 in a straight line from december 22nd i think that 21% is enough of a sell-off i think that's going to bounce it bounced today gm is interesting. carvana to me is more interesting on the upside. >> tim >> well, the multiple -- guy says nine multiple why shouldn't this be a 13, 14, 15 multiple? that's right, it's the most profitable automaker out there they have continued to raise their profitability. gross margin has been growing. and we know about their foray into ev and we have the news on the chevy cruze about a month ago. the multiple rating for gm for a

company not scared to close down unprofitable businesses to me, why you want to own gm and why i own it. coming up, shining bright. gold prices hitting two-year highs today. we spotted a trade that suggests they're going higher from here. plus mcdond's almaking a big bet on white meat. how the company just raised the stakes in the chicken sandwich wars and whether it will pay off, when "fast money" returns last night's sleep, interrupted by pain?

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welcome back to "fast money. check out gold hitting its highest level in two months. the dollar continues to slide. mike khouw spotted some coming things what did you see >> we were taking a look at gld. this is the etf that tracks gold it traded more than two times the daily options volume, very nearly three times its average daily call volume. the most active options were the january 1 85 calls over 50,000 of those calls traded at $1.54 apiece buyers are betting that the price of gld will exceed that strike by $1.54 that they paid that would put gld above levels we haven't seen since last

august. >> be sure to tune in friday at 5:30 p.m. eastern time for the full show. mcdonald's upping its game in the new chicken sdwh anicwar. what its new items could make in the battle for your buck, buck, buck that was a chicken noise much more "fast money" right after this re-entering data that employees could enter themselves?

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welcome back to "fast money. at mcdonald's, the bird is the word the fast food restaurant is adding not one, not two, but three new chicken sandwiches starting next month consumers can buy the crispy chicken sandwich, the sies spicy chickn sandwich and the deluxe chicken sandwich are you loving this move before you start ragging on why is chicken revolutionary, why is this a new menu item, it's just chicken. think back when they had their spicy nuggets competition in september and it led to the highest comp sales in a decade so this is a big chicken nugget in a bun. >> yeah. that sounds great. and they had that one guy that was like their spokesperson,

right, that had that whole thing they rolled out? i harken back to the day when you would go to the mcdonald's and on the board there would be a cheeseburger, a burger, fries, very simple for somebody like me not a lot of decisions have to be made. i would like to go back to the ray kroc mcdonald's but i understand that's a bygone era three chicken sandwiches to me is overkill. just my opinion. you give people too many choices, they make none. i still like the stock but i ain't racing there to get one of their spicy chicken sandwiches. >> i don't know. spicy, regular and deluxe is really confusing but dan, certainly they're finally entering the competition, entering a pool where there's a lot of competition. there are a lot of chicken sandwiches out there maybe mcdonald's is like apple, you don't have to be the first one with a walkman out you just have to make it better than the rest. >> listen, when it comes to fast food there's one chicken sandwich to rule them all and that is chick-fil-a. you don't want to be late to this game competing with

chick-fil-a as they're expanding all over the country from the southeast. you know, listen, people go to mcdonald's for other things. i don't think they'll be looking at the chicken variety to drive a lot of traffic but this stock for some reason, this and domino's, very interestingly, they were thought to be work from home or school from home. they have really gone sideways for the last two months here up next -- this is the last time i will ever compare mcdonald's to apple, last time up next, your final trades , what ae! i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be a deep learning engineer to help make the world a smarter place does this come in blue? become an agent of innovation with invesco qqq does this come in blue? sometimes, you want speedy but reliable. state-of-the-art but dependable. in other words, you want a hybrid.

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time for the final trade let's go around the horn tim? >> seller of oat milk but buyer of gm and their profitability and a multiple that i think is moving higher. gm. >> dan >> yeah, you know, sirius xm is kind of related to that car thing but the story is not about cars anymore to me i think this is a very underloved media property, sirius xm. >> karen >> yeah, one of the categories that jim liked was stock picking and asset management and i like morgan stanley. they have done an incredibly

great job of creating a behemoth in asset management. >> guy, can't wait to do the chicken sandwich test. >> nor can i that's amazing and oat milk on top. what could possibly go 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," i am trying to make you some money. my job is not only to ber tente you but educate and teach you, so call me a