was a tough year on the other hand, didn't give you raw material for much of an increase and i think they wanted to keep things more or less steady at these levels >> we are pretty much out of time here. record close just about. the "fast money" starts now. >> this is "fast money." tonight's trader lineup. tonight on fast, a tech double play intel and ibm on the move after reporting results. straight ahead plus retail ripping, dillard's and kohl's posting gains go lone or go home what a 50-year u.s. treasury could mean for your money. intel and ibm both lower in

levels since the ickoff. we start with losh lipton in intel's big quarter. >> that stock had rally. intel was up about 20% year to date clearly some investors excited about pat gelsevery taking the reins. segment, ccg, chips for pc's, 10.9 billion both better than expected. i did check in with tech analyst patrick moorehead, intel crushed two four he says, exceeding guidance significantly just judging by the report the likely lost market share in servers, he says, though the data business better than expected why is the stock lower here at least initially.

investors wanted more color. you talk so much about how they're being addressed. we did not see those details at least in the press release investors might have also wanted to see guidance from intel that conference call is getting under way right now. melissa, back to you >> thank you, josh lipton brings up a good point as he always does we still don't know about the major problem that has plagued intel for weeks now. that is a question about manufacturing, the edge that it had lost under bob swan as well as his predecessor do the results change any of that >> it did crush a quarter. dan and i were talking before the show look at the revenue guide for the first quarter. look at the margin beat and year over year actions. it's a remarkable quarter given

what they've told us the last two or three quarters, in my opinion. the stock has gone from 47 to 63 in a straight line kudos to dan nathan who talked about this weeks ago when it was at that 48-49 level. they did an options piece on it last night i think this just traded up to the june high, if you go back and look it's had a huge run. although it's a great quarter, there's no real clarity in terms of the manufacturing issues. my sense is you take profits here and look to get back another name like the amd's that's come off a hundred dollars. even a lamb research, who had a huge uptake yesterday. >> this is bob swan's final quarter as the ceo is the new ceo going to come in and give guidance that's rosy? >> probably not.

probably not his swan song. the new ceo -- i couldn't resist i always talk about kitchen sink it's hard to kitchen sink when you have a quarter as good as this one but they have to giant existence al question of that could end up being a big kitchen sink i think what guy said is the most important thing the stocks go on to 47 the news seemed to have leaked a few minutes before the close and the stock went up a buck and change it's kind of flattish, so that's more of a move than what the quarter means at 27 to 62. i agree that if you were in it, it's ok to take some profit here >> tim, you were in it for that big run, wrmtd you, and you're still in it now? what questions do you have >> i was in it for a move lower,

too, mel part of my view is let's not forget, the reason that i think i've ridden through both sides of the cycle is because it was a record year. i know it wasn't a year where they gained gound. they lost ground to amv and invidia. i know that. data center was better when you consider where -- at least they gave some upsets. four times supply, seven nanometer progress t big salute to dan lobe they're up 40% or so at least this was announced, and maybe even a business more than that that slows where activism and obviously positioning is very important. >> what are your thoughts on the stock given the contact for the quarter? >> yeah. so tim just mentioned that those are record revenues. i think what's interesting that

year the stock sold off close to 20% in 2020 and expectations for 2021 are that sales are going to decline and earnings are going to decline expectations are not high. i saw that graphic that you guys were just posting up there 34% of wall street analysts leave this stock at a guy. it's up from 45 in the last couple of months make no mistake. if they do get things sorted out, if this new ceo comes in and doesn't actually need a kitchen sink because expectations are so low, you will see a re-rating of this stock, so to me, i see the opportunity, you know, if you do see the stock pull back into the mid 50s or so, i think it gets bought there if you look at that down trend that had been in place from the january 2020 highs, that's where your support is. that's why your moving average is i don't see it below 53 anytime soon when you consider all the

levers that they have to pull in the incentives for the new ceo >> in terms of outsourcing, is that the magic word, guy, that will turn this stock on the conference call? that they are exploring the possibility of outsource og, manufacturing of some of their chips. >> it's been brought up. unless i'm sorely mistaken, which i tend to be, we've heard that mentioned before. that's a part of this move i'm in karen and dan's camp. if that's brought up and the stock does nothing, i think that's your tell i'm more inclined to say you have this huge run it's going to get the next leg higher you've had the run valuation's always been reasonable nothing's been changed on that front. it just comes down to what's the growth rate and getting swamped by some competitors. i think -- i'm inclined to take profits at these levels. >> i want to point out the move

in snurkts overall which intel hasn't been a lag ard but has been for the last year and the cyclicality and exposure that they have, look at the demand coming out of the auto sector. we know what's going on with gaming and pc. i don't think that demand has gone bye-bye intel is an underperformer, as at least a argument when people have been rotating back there. i wouldn't get too far away from this name. >> dan loeb mentioned in his letter that he would like to see swell remain the manufacturing edge it had had which would imply that intel would keep the manufacturing in house and on premises karen, what's your sense -- you know dan loeb and how he operates after a run like this, mission accomplished >> well, i couldn't facility them to say mission accomplished but he runs an enormous amount

of money he takes big bets. so he's got to be thinking there's a lot of up side, and i think probably maybe even more than we've seen already. i bet it happened a lot quicker than he thought, which makes me wonder, was some of this in process before we saw him get active i'm not sure about that. and i'm not sure how much he'll need to update us on what he does other than 13 f, because i don't believe he has a 13 d. please correct me if i'm wrong i don't know about this big question of outsourcing or not i think there was not a lot of confidence that swap could do it successfully, so maybe if the new ceo can, that's a more bullish case >> again, the conference call is under way. we'll keep you posted on anything that develops out of it let's turn to ibm. that stock is dropping after reporting results. dee has the latest dee.

>> just taking off the call and he started by reiterated his interest in hybrid cloud an ai capabilities they say we'll start to see that show up in results in 2021 the operating environment will remain difficult, he says. the last quarter was another lackluster one from big blue a decline of more than 6% in the after hours, worth about 60 points on the dow. investors responding to yet another quarter, yet another year of declining revenue. in fact, in eight of the last nine years ibm has seen the revenue decline on an annual basis. that is really the first glimpse of guidance the street has seen from ibm since last april. the company light on details or specific numbers, though we're listening out for that on in call. analysts wonder how much will it get there and how much will it have to do with the spin off of

its legacy business. it is increasing its cap suspending record. critics argued it made them more than a tech story. but so far, investors, they remain skeptical shares have lagged the broader market, not just techs, over the last one, two, five years. back to you. >> thanks. dan, nathan, what do you -- the one thing that's consistent about ibm is that it seems to disappoint here we are again. >> you throw all the worse trends in technology and mash them up together and you have ibm. they made that acquisition and they have a ceo that people feel confident about. i think they probably feel a lot more confident if he was running another company that actually was growing. look at the cloud numbers. they're not that good.

they're up 10% or something. i think this is kind of dead money. it's not for me. how's that >> just to play the other side of it, though, guy, by the end of 202 is after they complete the spin off, ibm will look like a different company. it will be a company focused on hybrid cloud an a.i. and theoretically that's exactly where you want to be >> yeah. but 10% cloud growth, you say oh wow. then you look at sales worse and web services and microsoft and you say wait a secretary 10% is a joke, pardon me the only thing going for -- now i'm going to be goldman-scentri. i got to tell you something. you want somebody to figure something out, he's your guy down here at theis levels, ibm's been between 1 .15 and 135 in the last year and a half

as we get closer to the high teens, take a flyer on ibm think that maybe this is as bad as it gets as they sort of turn the page, hopefully turn the page >>is there a value here, particularly before a transformational transaction that will happen by the enof this year? >> yeah. well, hyka you said, every quarter they seem to have this deja vu all over again, we seem to have the same disappointing quarter. it's expensive it absolutely should be inexpensive with the historical misses for me, being in fourth place, fifth place, whatever, sixth place, i don't know, in cloud isn't interesting enough to have it be a value play >> sam, are you another bear on this one >> no. first of all, i'm a total bull on the use of yogi berra euphemisms over and over again on this show the ibm, why are we not talking

about the 25% move in the stock and the run higher into numbers like we did with intel this was a big rebound story for a company that doesn't have, i think, as much deet the overall market especially because of all the reasons we're talking about. cognitive cloud was part of the disappointment and software. that was up last quarter and parts of the surprise. this is a shape we talked about how slow it turns. and i think when you see a fork in the road, you take it i think that's what ibm's doing. >> here's a, would you rather royal. in terms of betting on a turnaround intel or ibm nathan >> intel no doubt about it. you have a very clear focus on what was wrong and how to gain back that market share you have valuation support you have a good balance sheet. you have really constructive activists there. i'd much rather intel.

>> guy, ibm has gary cohen >> i'll take ibm just to get dan mad at any i like salty dan better than easy dan they're getting into the right businesses they're not doing a particularly good job, but if they can somehow figure out to get decent growth rates, not akin to the -- talk about a stock that could do higher from here so i'll play the ibm card on this one >> we'll keep you posted out of the call we will tell you how our traders are trading the breakout there's something brewing in bond land. we'll break down the chatter around a 15-year treasury note first, the promising news offee live lilly that sent the stock to an all-time high when "fast money" returns

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welcome back to "fast money. today marking a sobering milestone in the sunshine. it has been exactly one year since the cdc reported the first case of coronavirus in america in that time, the virus has killed more than 400,000 people.

president biden signing a series of executive orders in the last two hours to tackle the outbreak we got some promising news from eli lilly. meg has the details. hey. >> hey, melissa. we know that eli lilly's antibody drug is for people who are at high risk of being hospitalized and having severe effects from the disease lilly was also testing this drug as a preventive measure and specifically did that in nursing home where some of the most vulnerable live and work they found that in nursing homes with outbreaks, among residents, when they gave them the antibody they lowered the risk of getting covid by as much as 70%. we talked with the chief scientific officer today about what role these antibody drugs as a preventive measure could play here's what he told us >> what we envisioned is really

a rapid response in these facilities where this is not a replacement for vaccination. it's not a choice. it's for people who haven't been vaccinated where there is an outbreak happening and there are other residents and staff that are infected and now this could potentially offer and immediate response to that outgoing -- outbreak >> now, mel, they would have to take this to the fab potentially. we have already seen these drugs from lilly and regeneron really be reutilized, not really meeting expectations for people they hoped they'd been able to accomplish in this pandemic. >> we spoke about this how should we think about the 80% reduction in comparison to the 90% efficacy rate of vaccines >> oh, that's a really interesting point you make there. we vn seen the actual hard

numbers of this lilly trial. what we got was a press release. we don't know exactly how many people got sick and how many people were protected. if there's some reason that you don't have a group of peoplewh are vaccinated, you could potentially use these antibodies right away to protect these folks and you get the antibodies immediately. you're not waiting for that immune response to kick in after a week or two. >> that's more effective than a flu vaccine in preventing the flu. meg, thank you always appreciate it >> yes >> eli lilly hitting the news. another big step in the fight against the coronavirus and potentially the opening of this economy. >> it's great, it's fantastic news i mean, i understand why eli lilly is higher. here's the questions you have to ask yourself

end of earnings on january 29th, 25 times or so next year's numbers. is it getting expensive? probably a little bit. maybe 12% eps growth, which i understand is not necessarily the reason not to own it, but it is getting expensive on valuation basis, so i'm inclined to take profits in lilly here end of earnings. bristle meyers, and third i say this not to be gratuitous but i don't know as a network what we'd be able to do without meg terrelle over the last year. you think about what she's done covering this specific topic, it's extraordinary i think it's worth mentioning again. >> i think i speak on behalf of the other traders when i say plus four. i'm seconding that motion for sure karen, when you hear about this, do you think about your position, let's say, in the live nation and think i'm closer to that other side here >> yeah.

although that stock is already recovered fully. it's cured it seems to be but what i do think about is cvs. i do think that, you know, looking for value as we maybe have this rotation out of growth into value, if this is one of the ways we get the vaccine out there, that's great for cvs coming into the store, and i think that's an interesting way to play it as well >> yeah. tim? >> i don't think that the story and lilly is you're not buying it on today's news everyone has pointed out how fantastic this news is it's a pipeline. margin spanks. alzheimer's, and up think that's part of why the stock's up almost 50% since november. so back to guy's tactical approach, what do you want to do with it in the numbers i think if you look at the megacap pharma names after doing almost nothing, you're starting to see some of these break out

and i would be reluctant to give up too soon. >> it's interesting, mel, when you look at these two companies, lilly and pfizer we know where pfizer was as it relates to the vaccine these are basically $200 billion market cap companies they nailed it when it broke out to 40, it got to 43 for a couple of brief couple of days or so and sold out and here we are below 37 bucks. they better be pretty important rather than just this one drug, because i don't understand why lilly could stay up here but pfizer can't you know, that's just me asking the question >> tim, do you have an answer to that >> yeah. what i said. and he's -- >> agree >> ultimately -- >> yeah. >> they've got a pipeline. >> yeah. gentleman the re-rating of the stock is not really about covid-19 treatment

>> right coming up, investors hoping the play may just get their chance find out what janet yellen said that could rock the treasury trade. we'll show you what investors are opngshpi for don't go anywhere. more "fast money" after this break.

welcome back to "fast money. go logistics or go home. that could be the new mark cry after the pick reopened the debate on a 50-year treasury note janet yellen said she'd be pleased to look into long term debt to help pay the bills the spread between the five and

30-year treasuries spiking on the mark we thought we'd bring in steve to get to the bottom of it thanks for joining us this evening. we talked a little bit about this off line yesterday. in my simplistic thinking i immediately thought that previous buyers or current holder of ten and 30-year debt would migrate to the 50-year yield and that would cause it to spike. what do you say to that argument >> i would never say your thinking is simplistic, first of all. there would be a lot going on. where would the actual demand come from? would it come from the 20, 30-year. would it come from the 10-year end of the spectrum? and what would it be relative to what the government would otherwise be putting out in other words, the government has an awful lot of debt to finance. with the introduction of a 50 --

meaning there would actually be lessish wants in the ten-year and more on the long end before we go on, i want to show you why it would make sense for the government to issue a 50 you know the commercials where they say order one of these flashlights and get the second one flee >> uh-huh. >> that's kind of like the way it is with the long end of the curve right now. the market is giving the government ten years for less and less money look at this chart i put together it costs the government 105 basis points to issue the first ten years. the second ten years, in other words, a ten and a 20 is 57 basis points between 20 and 30 is 20 basis points so you practically get the last ten years or the third flashlight almost comes for free that's why janet yellen and others are looking at it they're going crazy with these things, issuing them in latin and south america, issuing

50-year notes. it should be the other way around of course the long end should be costing you more but either because the fed is involved or because there's a huge demand for duration and reaching for the long end and reaching for yield, it goes the other way than how it otherwise should. >> steve, it's karen thanks for being on. if they were to sort of test the waters with a 50-year, if the treasury were to do that, would the fed not buy on that just to see what other kinds of demand showed up or would they want to go look and show,000 there is demand for it. >> i think that's an excellent question, karen. i don't know the answer to that. i do know that steve mnuchin was pretty hot and heavy to issue a 50 he found out from dealers concerned about liquidity. they were afraid there wouldn't be enough of a demand or enough

lickedyid to make it a robust part of the issue. it is unclear. i think your idea caring about the feds should operate. i don't think the treasury would go forward without pretty good assurance that both the end users and the dealer community would be behind such a thing >> steve, it's tim even though moving way out the maturity curve when the deficits are huge, seems like the golden road to unlimited devotion i think with the 21 trillion dollars treasury market, the 50-year supply wouldn't mean anything, and for, you know, 10 to 20 years before there was enough end supply. does that make sense to you? we've heard about this before. >> yeah. >> and yet nothing ever happens. >> that's right. tim, i just want to throw something back at you. you're more of the international guy on the panel here. are you at all dipping your toe into some of these foreign bonds

here at the 50-year tenure i don't know if that's in your bailiwick or portfolio i think there was a mexican issuance of 50s and it was oversubscribed by more than three to one >> mexico, and even saudi arabia and if you think about the negative real rates, you know, emerging markets even for all the glory, you have even deeper negative real rate territory i think risk-reward is not good. chasing long duration, i don't have to do that. in my portfolio, so i've avoided it clearly, i think that's been part of the inspiration, if these less -- if less credit worthy sovrns are able to reissue so ease, why shouldn't we >> one last question for you >> all right >> it seems like many treasury secretaries have gone down this road what are the odds that janet yellen pulls it off, given the

environment? >> you know, looking at that chart, which i made today, i don't normally follow those spreads across ten-year rorizons it looks mighty attractive calling up that chart, if you look at it, if they don't reexamine it, or if they don't do a 20 or 30 or 50, you look at it again if you keep it the same, the next time around it costs you 105. you take out 20, it only costs 578 for that next 10 i don't know i'm not a hundred percent sure what the dealer's problem is with it. i think what tim was talking about is interesting you can establish a market and this is a regular part of it, and you might as well sort of as karen suggested you might as well try so there's a pretty good logic behind it and i need to understand more about why the dealers are skittish of it, i talked to a couple today who were a little concerned about the liquidity. >> let us know what you find out

about the thinking on the yield curve. we'd be interested in knowing that thank you as always. >> thank you >> guy, what do you think about all this >> i think it's how you package it you think about what happened 70 years or so, war bonds, a country was able to wrap their head around it and get behind something that made sense. i don't do this for a living, but i would say if you package this as 50 why-year covid bonds and open it up, maybe the demand would be such that it would make sense. again, it's all in the packaging, to me, with the security of this -- of this duration, if that makes any sense whatsoever >> i always thought a recovery bond would be an easy sell out there. dan, you had an interesting take in terms of what this could mean and the implications of this to tax policy >> my take-away was that yellen bringing this up kind of

signifies the fact that maybe the biden administration, which really will only have in the next two years one ability to push through some big legislative sort of initiative and it won't be taxes. they will not be able to kind of raise taxes, so why not borrow at 50 years at what the 30 year is at 1.8 or something like that why not borrow like that and get in a ton of money so you can actually then go and do the infrastructure and the fiscal. we know the fed has just tacked on three trillion dollars on to their balance sheets the treasury is operating at massive deficit. my take away is they're not getting to taxes the next couple of years >> retailers ripping higher. find out if you should pay any of these names later, ford hits the gas having its best week since june. how traders are playing the big

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choefls, bed bath & beyond american eagle closing 200 stores what did you make of these moves? do they temperature you? >> lot of interesting moves. the one that stood out most was the dillard move, which was gigantic deutsche bank took it from 31 to 60 thought that was interesting dillard's, though, has a gigantic short good. i think it's something in the nights can you borrow it? you can. i think it's 21% to borrow, so things really got to go your way, so that's one another one that was really interesting to me is bed bath & beyond which i've been following from afar, unfortunately not for long jeff mackey, an outstanding retail investor and he believed in the turnaround. even he who loved the story

takes them off the table big short interest here as well. 67%, so i don't know if all of it is that dynamic, because there really wasn't any fundamental news that doesn't make me really excited to jump on board especially with this -- i mean, it's the deep end of the water it's the stock plus the long/short dynamic >> bed bath & beyond, it was the highest close since i believe september of 2017. is this the equivalent -- in light of the notion that there's consumer checks coming, consumers will have more money to spend, the big successful executers within intel are sitting at record highs pretty much the dash for trash in retail, is that what we're seeing here, tim? >> dillard's makes my macy's look pretty darn good. if we're back to -- outside guy buying the scented candles, i don't -- there's been a lot of

this across retail and when i think about the next round of stimulus checks, i'd rather open walmart. as we talk about also the bishies for e-commerce, walmart's picking up market share and they're a long way to closing the gap on amazon. that's the reason you want to own it the reason the multiple is re-rating. they're stealing most of the business, i think, from a lot of the other big box staples on food to get people in their store and ordering from walmart. the rest is where they're taking market share >> guy, you want to comment? you said the scented canned it is, you guy them from bed bath & beyond >> i used to buy them at helpy bend el, a store in new york city >> no 20% off coupon at henry bendel, space for sure

>> i've moved out to the joe malone candles which are really expensive. if you want to go down scented candle, i'll play with anybody in terms of stocks, we play around with this but williams and sonoma, restoration hardware by the way, dollar gen there are some retailers that are figuring this out. >> all right coming up, an options explosion. we'll go inside the surge in record activity. later, feeling up on big games ford driving to a two and a half year hh.ig we'll debate when "fast money" returns. use a single hr software? nope. we use 11. eleven.

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has everything you need to help keep your immune system strong. immune support comes naturally with nature's bounty. welcome back to fast money money. it is official 2020 was the biggest year for options trading in history it wasn't even close new data released by the fia says more than 21 billion contracts changed hands last year that is an increase of almost 40% from 2019. the next guest says you should expect it to continue in 2021 but it might look a limb

differently. mandy joins us on the phone. great to speak with you. >> hey, melissa, great to be here >> you're seeing the change happening in the early weeks of 2021 what are you seeing in terms of positioning in the rotation trade that we've seen in stocks? >> yeah, sure. i would say specifically in the options market there's definitely been a change in tone and the change in the sectors and names that people are most interested and active in last year, for most of last year, i would say up until november, where we saw the most active option volumes were all concentrated in the tech names everyone was very bullish on tech since the election and more specifically since the vaccine news came out, we see a big rotation into the value cyclical, the beaten down sector such as financials, industry, industrials, etc i would say part of that is obviously due to the fundamentals shifting, the fact

that we now have a big stimulus bill coming, now that we have vaccines being rolled out. also part of it is positioning, and the fact that among institutional investors, people are still overweight tax and underweight cyclical needs where they're going to play catchup is the market in the beaten down sectors to play a further rotation this year >> are you seeing evidence in the activity you see, mandy that institutional investors are remaining long and overweight and using options to hedge >> not so much -- >> or to -- sorry. >> the hedging side has been fairly quiet i will say on the positioning side, people have been trimming their position, especially their overweight positions

i would say positioning is relatively more overweight stock is underweight people are using options to adjust their portfolio exposure more quickly than adjusting the underlying holdings. particularly in the value and the cyclical sectors in response to changing news and changing fundamentals >> hey, mandy. you just mentioned the 2020 volumes up close to 40 years year over year we're talking about institutions making big bets about the pandemic and the groups that have been hardest hit. let me ask you this about retail i think that retail percentage of the volume is probably the largest that it's ever been and the sheer numbers are massive. i worry that the on ramp, whether it be robin hood and these people not really knowing

what they're trading, does that concern you at all >> you know, the retail activity, always the number one story in the options market over the past year. you can see the retail footprint a couple of ways one is through the volume feeder if you break down the volume in terms of where we're seeing the strongest growth, what stands out to me is that right now, over half of all options daily volume is concentrated in options with expireries of two weeks or less. that's typically a hallmark of retail activity that we see from that community buying short dated up side calls as a way to lever up their views, so certainly i would agree with you that retail has been a big story. in terms of kind of implications for the market, we were definitely seeing implication ngs the volatility market with up stream trading extremely

rich what we've seen in terms of change of behavior in the institutional community in response to the retail activity is we're seeing a lot more overriding as an institutional level. investors coming in to sell calls on top of their core holdings as a way to take advantage of the extreme richness of those upside calls that's driven up so high due to retail demand. >> mandy, great to speak with you. thank you. >> great >> mandy xu. karen, have you been using options even more? you sold some calls today, in fact speaking of selling called >> yes my biggest position is up a lot in a short amount of time. i sold some out of the money, february calls, that they expire after earnings, so they have all that ball for earnings the embedded ball was high

i didn't wane to sell stock and pay a high tax bill. it's getting a little frothy i did exactly what she said. >> for more options action, tune in to the full show tomorrow 5:30 eastern time. coming up, shares of four driving the multi-year higher. should investors pump the brakes or the gas jen is talking to the ceo of weed maps, the yelp of cap business you don't want to miss that exclusive interview only on mad money money. much more "fast money" after this

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welcome back to "fast money. the stock driving to its highest level in two and a half years and ford is on its pace for the best year. restructural plan. you find this interesting? >> well, i do. i do look, the story with ford has also been similar to the gm story of getting rid of up profitable businesses, closing the european plants or ask you

tooling a lot of those operations the demand for their e.d. portfolio, we've -- dap has highlighted it he'll be first on time for the new mach mustang there's a lot of cool back and forth but there's a lot of ev in the story. in terms of ford and a cleaned-up balance she'd is part of that story. >> it's sort of similar in that gm looking at parts of the business that were under valued relative to other companies that are traded, ford has the same issue when it comes to the e.d. portfolio. by the way, it's investment in rivian >> that's right. we talked about this the other night. if you believe that tesla deserves the market cap that it has, the valuation that it does for the market share that they have and you think of ford and gm which sell over a hundred

billion dollars worth of cars each year and they are moving hard into e.v.s and they have great brands to learning off, they seem to be underrated or there's going to be some mean reversion. probably not a great trade but ford's up 40% for a reason i think a lot of investors who believe in the e.v. story are up in tesla >> up next we've got your final trade. cutting edge made user friendly. in other words, we want a hybrid. and so do retailers. which is why they're going hybrid, with ibm. a hybrid cloud approach with watson ai helps manage supply chains while predicting demands with ease. from retail to healthcare, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm.

-time to go around the horn tim. >> retail stores, if you're looking for them, don't go farther than walmart a re-rating story. you don't have to dash for trash. >> karen >> yeah. well, we sort of talked about the f block but it was selling google calls out of the money. these were february after earnings i love the name long term but it doesn't always trade at exactly the right value. it feels a little frothy to me >> dan >> intel traded nearly 64 after

those earnings came out. if you see a gap fill towards the 50s, that's where i think you guy it >> guy. >> getting a lot of may on -- >> time. >> anyway. >> fedex, sold off enough, fdx >> thanks for watching mean time, mad money with jim cramer starts now. my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hi, i'm cramer welcome to "mad money. welcome to cra may ka. call or tweet me @jim cramer what a difference 14 years makes. this morning we learned that single famil