we've accounted for a lot of its greatness. i have think of tomorrow still a lot of options being taken up by the small stories stocks you have some of them backing off. people are getting entrenched -- >> what is -- >> what is that? >> come down to game stock >> that's what i mean. >> all eyes on game stock and apple. more coming up on "fast money," which stars right now. >> this is "fast money." tonight's trader lineup. tonight we've got apple, facebook, tesla all on the move. we're giving you every detail you need to know we start tonight with a major market selloff the s&p 500 closing down 2 1/2%, the biggest loss in thee months. every sector finishing the day lower. we saw more outsize moves in names like game stock, amc, and

express. what went on today, guy? what's your theory >> obviously game stock is -- when i say everybody, literally everybody. you turn on things, game stop is not coming up. some of the root fact is volatility was too dampened when you see a day -- markets's down 600 points or so you look at the vics going 21 1/2 to 37 pretty much in a straight line. i think that's telling you something. i think people are underestimated some of the head winds here risks, people are being comp complacent when you see a move of that magnitude on that generally benign day given the context of what's happening, that, to me, is the underlining theme

>> there are reasons some investors might want to take some brofts r profits. but do you look at what's going on with the most heavily shorted stocks in the market and think there are margin calls going on that people are right sizing their portfolio, taking some risk that's causing a ripple effect in terms of having so sell some of the winners in order to cover the shorts >> i guess i mean, it makes perfect sense that that would be happening i mean, you know, we heard about giant covers today in game stop. the whole thick, though, we talked about it on our call midday as an investor who focuses on fundamentals, which makes me really old school, but this kind of action makes me think, all right, the game at the moment is really -- i don't know if rigged is the right word, but it makes me want to take off some positions, just because i think this is a volatile market, we'll

have a chance. like guy said, 600 seems likes a lot. really wasn't. there's nothing that he said that was surpriseding at all maybe a risk premium coming in low. high flying multiple stocks come down, maybe people will be taking some of those off this vics jump is concerned. it's more as a sign of uncertainty in the market and i'm one of those feeling uncertain. i'm going to lose a bunch of money, no doubt. >> tim >> well, this was a lynch pin, but i'm not really sure what this is symbolic of or really manifesting the causes like semiconductors up 44% since the beginning of november. the market by any measure was frothy we've been talking about the ipo

county or spax talk about bit coin or cannabis. think about all those classings. back to what karen said. the professional community, if you're a hedge fund manager during times like this, first of all, you don't have to be embroiled in the game stock trade to be taking down some shorts and covering some shorts, and therefore you're going to be taking down burr longs what you're doing during a period of volatility, you get simpler. you take down exposure on a day like today, that is the case with the thinkinger themes at work are there is a built of a wakeup call. first of all, what is the size of that retail money what makes stock move higher karen talked about fundamentals. yes, at some point i think there's been a sense within the professional community that there's no sense in trying to fight this. when you have markets that were that overextended, this was a

lynch pin. >> we talked to tom lee who was a believer of the reddit if he attempted to explain today, heavily shorted stocks like game stocks of the world is causing margin calls also, turmoil until the markets causing active managers to simply pause, which tim mentioned, and chaotic trading found some prime brokers to raise requirements i'm not saying at all, i don't think tom is saying either, but game stock is causing the market to sell off. make no mistake. it is being perceived as a force in the market that is changing the dynamics a little bit here, mixing things up >> yeah. i would -- so i'll go a step further than you i think -- up think game stop

actually is the cause, was orangely the cause i thinken hit it on the head, derisking, tremendous grossing, however you want to say it if you get tapped and want to see game stop run x% and you get tapped and you have to cover your shorts, you have to take your longs down, too it causes this mechanical force selling tlout the market, and as karen said, she can be long something that has a great fundamental story, but if she has to take down a short, she's got to take down that long, so whether you're a money manager, the long helping fund is always more long than they are short, so it has this mechanical selling or fore selling, if you will, of their lungs that's what's creating this. game stop can definitely kicked it off from the start. >> karen, you raised a hand. >> yes >> yes, please >> i am not any of these, not

game stop, nothing, i am really a voi yur in yuft most fascinating rides i have seen on wall street. i have no position, long or short, in any of these >> that's important to make clear. we mentioned, though, guy, that when you see things and whatever the cause may be, you see the volatility spike and even if you're a fundamental manager that does the hard hitting analysis like karen does, you might step back and say, you know what? i'm going to take a pause. from the long retail -- the guys at home, if you're note like a reddit guy, average guy, do you take a look at this selloff and think i want to go in those names that the hedge funds had to sell in order to meet their margin calls or to cover their shorts do we want to go in -- for instance, goldman sachs has the

most held stocks, names like peloton, etc are those the names you want to start looking at >> at a certain point, i don't think necessarily tomorrow's the day. listen again, i understand the game stop i'm hard pressed to believe that a company, even after this move, $25 billion market cap is creating the tur noil all the markets across the board what was fascinating to me today ancillary to this, amc moved to the up side but what does that have to do with amcx that was up this morning why? maybe people confused d the symbols. when you see a volatility index -- and i will say, today is rather benign someday in terms of market movement, but i don't think we've seen it go from 31 to 37.

look at the last hour or so of the day. it takes a while to may itself out. to answer your orange qiginal question, i don't think it's time to pull the trigger >> mark oar, great to have you with us on a day like today. what did you make of this action and is the activity and the highly shorted names and astronomical runs they've had, does that have anything to do with what we saw in the broader market >> yes i think it has to do with it, as you mentioned basically you have long, short investors, some of them running leverage. if your short moves 10, 20, hund hundred percent. that happens across few names, even if these are small names, it can produce quite a bit of a market turmoil that said, nothing fundamentally

changed in the market. we think it's a de leveraging on some of these stories. we think it's actually buying opportunity. >> do you think -- and i'm not sure what -- the reaction you've had from clients, funds about this, but do you think they changed the way they trade are short sellers less likely to short? have the game rules changed at all because of what we saw go on with game stop >> i think it can be a little bit of a lesson. we, especially our research, we analyzed this a while ago. if somebody has a very, very short, you don't want to be in short. in short factors, you eliminate the most extreme ones because these accidents can happen historically we saw that in u.s. and europe whether it's going to change, i think short term people will be little more cautious about what she short.

some of these single name shorts, indpeks, index short it's not entirely surprising what happened and not unexpected the move from this one stock is amusing. >> marco, how long do you think -- i know this is the trillion dollar question, but how long do you think this can take to bear out obviously, fundamentals are great in some games and they've been sold off. how long can this take >> ook, i think it's a short-term event again, there's nothing fundamentally that change in any of these longs or shorts and we actually think that is good, beat earnings, beat position, beat covid or monetary policy how long can it take it would take until these positions are squared, which we know some of them were, and from your coverage, sew i would think

pretty short now yes, weeks at 37 doesn't make anyone feel good. even with today's move is only about 12 over the last two months, you know, so 12 versus 36, that's a pretty big difference actually, that's a record difference. >> hey, marco, it's tim. part of the rationality of what you've shown on this show multiple times and i remember this in the covid trade in march, where you pointed out equity positioning and ultimately that was the trigger. you've mentioned equity position again which is the reason that the bull market is not disrupted here can you put some knew her tal context on that, he's? >> we look 15, 20 years, positioning is only about 30%. so that is low the simple reason is because volatility is hard

vics was a 25 yesterday and 30 today. when you have this over the last year, people are not taking very large exposure type of exposure they will take in 2005, six, or even 11, 12, and 13 of course, we had the worst recession, worst pandemic. we had the global trade war two years ago. in that context, is a little high but in 10 orks 20 years, this is still a low positioning. as i mentioned, 30%, three out of ten. >> wow marco, your target on the s&p 500 for the years 4400 which according to our cnbc database is the highest on the street how much of that class is being held by the individual investor like the reddit army of investors out there. are you watching this to see how it unfolds either in that the

red it purchaser is making money hand over foot it ends badly, they get burned and they walk away from the markets. >> we don't sort of count on them we think it's institutional money. so bonds versus equity when you look at the trillions of dollars in pensions, endowment, insurance companies, asset managers, basically well think that these investors are already -- there is a dilemma in front of them. you have a bonds which are yielding low frankly, they will go lower. or you have equities where if the covid is rorveg, which we think it is, pretty strongly, then it will have a stronger growth and you will have sort of an earnings and people are go from bonds to equity when you look at reddit, you can talk about how much these

investors is not a huge amount of money they can move dollar stock which is one or $2, small cap or micro cap names, we don't think they can move the whole market. >> ok. marco thanks for your thoughts we appreciate it >> thank you >> you may debate at home who's winners, who's losers in this whole thing, karen, but there is definitely a winner in this. that would be amc. not because of the stock search. >> pause of them being able to sell stock, you mean or -- >> exactly >> yes >> not just because they're up >> i know. >> but that they're able to use that to their advantage. >> i did a little bit of work on that after we talked an. they might have bought the balance. they sold sockets five, four probably delayed at that moment.

i think if i were any heavily shorted stock, you got to be following the registration statement as fast as you possibly can right now i don't know the financials are still good. they need to get new shares authorized when we were talking through the day, i thought this is great for the debt that was skyrocketing today because this company may get to sell shares and get themselves out of financial straits good for them. that ceo has been working tirelessly i hope he's able to take advantage of this and get some of that balance sheet debt under control. >> $300 million by selling stock. tim? >> well, you know, a name like macy's that i've talked about for different times over the last few months for fundamental respects the last few days have been a

gift my view of the rerating, the balance sheet is better. they've done very well with it they've got inventory in control. to be clear, i sold half of that position today and the rewriting of macy's because it was a department store because of dil dillard's. that's a tail end of the investment but it -- you know, there are a lot of stocks out there. i was looking through other names. viacom today was a gift i think in some accepts investors need to remember when you've seen the outside moves,s the other side of it is i don't care where game stop made money today. there was a respect thoerp imp imp imperilled recovery stories and if they've been caught in this tail wind, i

urge investors to look at your fundamental rational for where you're still holding this stock or are you just feeling like, wow, this could go higher because somebody else thinks it's going to be pushed higher you have to be careful about that >> apple is lower with the call underway let's go to josh lipton who has the detail josh >> let's go through the segments iphone was up 17% to 65.6 billion. services also better than expected at 15.8 billion wearables, home accessories, 13 billion. ipad 8.4 billion greater china revenue up 60% to 21.3 billion i caught up with tim cook. we talked about trends and themes in the quarter. cook telling me they're full of features that customers love and they came in at exactly the right time with where 5g

networks were and the camera, mufrs loved the moldings he sd supply constrained but hopes to come into supply-demand balance soon when the final numbers come in, we're going to see that we gain share in q one it was a great quarter we had great growth in other categories as well as china. ipad, mac, wearables, homes and accessories, higher. it was strong across the board i asked him about pandemic take the stores out of the equation particularly for. i think ipad and mac go across e-commerce people are used to ordering those across on line both of that business shifts they did not off guidance or color.

back to you. >> they didn't provide guidance the previous quarter, right? >> if investors are waiting for guidance, we might not get it. >> we didn't, and i asked about that, he said, listen, it's a pandemic, it's an uncertain environment. didn't feel right to give those levels he always saw the trends playing out. we're hoping for that on this call as well >> keep us posted, josh lipton on an m. we're watching apple because it's apple in the selloff, takes on a whole new can context in terms of the impact tomorrow. >> yeah. richtly strong quarter if you want the flip side of it, if you're looking for the naysayer, they've smoked revenue. the revenue beat is ridiculous services revenue was a significant beat problem is people want to look

for a product, service revenues probably 13 1/2 percent here you know, again, there's really nothing not to like here other than the fact that it's now trading, you know, probably 32 times next year's number that is the deep end of the pool for apple. jerome powerful and others have said it really doesn't make a difference i'm interested to see how it trades tomorrow on the back of this >> the ten-year yield went back down closer to is% karen, what do you make of it? >> i agree with guy. i mean, there's not a lot to poke at and say well, they could have done better in fact, i don't really see everything it was it was extraordinary. it was a day we thought high flyers are not being forwarded it's run up a lot. the bar was high

i actually think they jumped over the bar i'm happening on to it i don't really -- it doesn't bother me that it's down a little bit it's had an extra run. if you step back a tiny bit, it still has an extraordinary run this is hardly down at all i'm hanging on to it i'd love to hear the commentary -- also, i think we're early on in 5g we've got a lot more to come >> yeah. this could be the start of the super cycle. does this give us a clue about tomorrow's trading, to see them being down after being down in the regular session? >> right well, that's really key. is apple going to move the market higher or is the market going to move apple lower or some combination of that the market doesn't move higher without apple in my view i think he's numbers, we've all

gone into the superlatives here. one of the biggest drivers for apple, to me in terms of the mull tipping, there have been services revenue, up 23 poip 7% year over year and china, talk about this as a growth story grew 57% year over year. in a refreshes cycle it's -- back to the market look. 7% of the s&p, apple incredibly important. microsoft incredibly important lock that into cash positioning and let the market settle. there's nothing that tells you apple should be making a pullback >> what do you want to hear for the conference call, steve >> when you look at just the services business, we're honing in on $54 billion. that's -- when we started doing

apple coverage on services, it was a nonevent, and the work from home, it's hemmed on the hardware side, the entertainment side the arcade side. people are bingeing movies huge move from november to december i'm staying long >> you're long now interesting. >> coming up, earnings palooza just getting started we'll bring you details next with the reddit rebellion. we'll dive into the options pit. more "fast money" straight ahead. i made a business out of my passion. i mean, who doesn't love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love.

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it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute.

wait, a minute? but what have you been doing for the last two hours? delegating? oh, good one. move your xfinity services without breaking a sweat. now that's simple, easy, awesome. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. welcome back to "fast money. higher now on after hour sessions let's get to julia with details. julia? >> facebook beating expectations on the top and bottom line, benefitting from growing e force in the quarter the company also adding for users than anticipated the stock dropped as much as 5 1/2% say in the second half of the

year, the company will lag periods of increasingly -- lap periods of increasingly strong periods of growth which will pressure year over year growth rates, saying they're more significant at target head winds come, siting european regulations as well as apple's upcoming ios 14, saying they expect to see an impact late in the first quarter. on the earnings call, ceo mark zuckerberg taking aim at apple >> we increasingly see apple as one of our biggest competitors it's a key independent of their ecosystem. it comes preinstalled on every iphone they pressured it with >> boarding about the negative impact that it will have on small businesses, saying that they will be nalt reach their

consumers. in addition to that criticism of apple's messaging tools. melissa, facebook announced that the board authorized up to an additional $20 million share repurchasing >> in terms of guidance, the thing to remember is that during the pandemic, facebook is one of the stocks that actually did well other companies actually benefit because of weak comparisons. is that right? >> exactly it's going to be tough, especially in the second half of the year in terms of those comparisons. >> all right julia, keep us posted on the call thank you. tim seymour, what do you think of the quarter >> great quarter i mean, i have to say i'm obsessed with this, you know, wwf style -- you know apple versus facebook, this is incredible and again going right there. if you -- i'm looking at the news monitor on facebook, saying more of these commence from zuckerberg apple has an incentive to

interfere with our apps and other people's apps on their dominant platform. and the fact that facebook has acknowledged this in the way that they have, whether it's as material as they're making it, they're clearly sending a maejd we've just begun here. it's going to be very interesting in terms of brand loyalty and where the consumer is -- who's got a more trusted brand, apple or facebook i think i know the answer, but i think this is very interesting >> karen, what did you think -- $25 billion share repurchase program. that's good news for investors >> that's good i think that -- i mean, the stock is not expensive here. the quarter was outstanding. i think to purchase the stock in any way, because as they said, there's uncertainty about 2021, that's ridiculous. i think any management that would come out and say we have great certainty about how 2021 is going to play out, that wouldn't fly with me

apple, great numbers they want to sort of talk down expectations they may very well be right, but nothing from this at the moment. shows me that this stock is -- this is not a crazy valuation at all for an extraordinary company. i mean, that revenue growth is incredible >> yeah. >> so -- and it's great. that helps it doesn't really move the needle that's not idea i'm in it. >> a lot of companies are getting a free pass for not giving guide aps and here we are giving guidance that could be perceived as conservative. what do you make of the hours in the afternoon session? >> should be high oar. i've said it for a while there's nothing about facebook, the platform that i like, at all. but the stock is ridiculous. it's amazing quarter the number that stuck out to me,

tim's arpu for the u.s. was $53. the street was looking for $49 the growth is significant. the same thing in europe and to some extent, the same number in asia stocks should -- the stock theoretically could be testing the highs of 304 i'd be interested to see how that trades tomorrow on the back of what was an historic quarter. >> coming up, tesla on the move as a red hot day trader reporting earnings plus monitoring the action apple shares taking a leg lower. he'll bring us all the market moving hdleseain next. more "fast money" next the largest 5g network... award-winning customer satisfaction... or insanely great value.

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welcome back to f"fast money. got details. phil >> one reason it's lower is because tesla missed when it came to earnings per share for the fourth quarter yes it was a profit. they earned 81 contents a square revenue coming in better than expected at $10.7 billion. it's the numbers within the numbers that are getting a fair amount of attention right now. $1.9 billion gross margin of 19.2%. that is shy of what many nnl analysts were expecting. there's no explicit guidance on 2021 sales the production will be about a million vehicles with you on the sales side they delivered a half

a million vehicles last year today they have yet to give exactly what they're expecting to deliver for 2021. the analysts are expecting 596,000. all they said is 50% growth. do the math. that's 750,000, but nothing explicit for 2021. the conference call is going to begin shortly. what's going to be interesting is to see what they say about those delivery guidance numbers, if up. also, by the way, they have said that the berlin and austin, texas, giga factors are on track for first deliveries to be later on this year >> thanks for keeping us posted. we will check in with phil when the conference call gets underway again again that's in about an hour's time. they seem to be in the sweet spot in terms of the political environment, for sure, and investment trends in terms of esg. >> totally in the target zone

where it should be for a biden administration but as phil said, the gross margins were considerably less than what the street was looking for, and i believe elon was looking for 840,000 dwlifrs to a million this year or in that vicinity that was his exact terminology every time you bet against tesla, you lose. you look at the chart. people have been taken out in body bags in this one. there used to be liquidity problem. i think you have to bet on it but you have to trade. you can't buy all in this one probably don't move higher >> the gross margins were lower, not just against expectations but sequentially lower you mentioned free cash flow $1.9 billion that part is obliterated. >> gone.

>> right the guy with the stock where is. >> yeah. it's interesting it's funny that phil looked at the same thing that gross marcaine in at 19.2%. you mentioned sequentially lower. that i think has got some people a wee bit concerned. i understand free cash flow and i totally get it but it was never an earnings story on the way up and it shouldn't necessarily be one now it should all come down to if you believe the vision or if you don't. i'm sort of with steve on this one. every time the stock has been bet against, it has been the wrong way to do it >> energy generation and storge rove knew, an interesting line item jean munster tweeted it's up 72% compared to 44% in june. that's becoming a bigger, still a small but a bigger part of the

business certainly when it comes to actually -- just the growth percentage, tim. that's sort of where you want to be positioned. >> well, i think this is one of those other dynamics that's been pushing the multiple higher for a couple of years, especially on storage. look, agree. why should these numbers account against them now when actually, you know, the free cash flow and the balance sheet dynamics are not in question at all i actually saw that they expect 20-21 annual delivery growth of expect around 50%. that's what i saw on the tape just recently. so, you know, that's -- that's ability as close as you get with hand grenades and horse shoes sometimes with this expect and even though they've been very specific in the past, i think that number's in line with expectations of where the analyst community is so $860 billion market cap, hard

to worry about this balance sheet. >> all right coming up, apple shares, they are on the move. they are getting close to after-session hour lows. we'll bring you details next later, wall street's reddit rebellion. what are they up to now. details straight ahead when "fast money" returns

welcome back to "fast money. whirlpool sinking. karen, you have been watching this stock >> not just watching yes, i own this stock. i think -- i don't know what happened at the end of trading today. whirlpool was up, i don't know, three or for bucks going into the close. it was a strong beat in revenue and earnings i guess people were thinking good numbers shook higher. the bar was set higher they still talk about very positive housing dynamics and they are a little bit supply const constrained. the story to me is the same as it was yesterday i still like it. i'm staying long fundamental it goes below 200, i think it's a tad over that right now, i would probably add.

not expensive. >> the host on cnbc seemed to be optimistic that it was well beyond that market of freezers, oerkts you've fast pitched this stock before what did you make of the quarter? >> it was an excellent quarter we were expecting an outlet that was more on demand whirlpool from 170 to 200, 160 to 200 and i'm out of the stock. i think it's still great to medium long term hold. part of it was just being a little tactical from what we've seen after a lot of the industrials and frankly. i continue to consider this a housing play i've said that there's nothing wrong with the company. there was nothing wrong with that quarter the variations attract yaif. these have gone from covid playing defense to people truly structurally getting into it,

remodelling and a whole new housing trend is very, very strong for these guys. >> let's take a check on the shares of apple. they are down by 3% right now. the call is underway jean munster had been listening in what's behind the dip? >> the dip came from some confusion about the iphone channel inventory. they talked about drawing down the channel inventory. what that means is that essentially that really good iphone number wasn't maybe as good as people thought it was, because of this channel inventory drawdown then later on the call, they just clarified their comments that, while channel income was drawn down quarter over quarter, it's still lower than a year ago. i'm sorry for the details, but they are important what that means is that there was no kind of game of shuffle with the iphone to get that number it was a real number that's why the stock dipped a couple of percent.

i want to highlight a couple of important things from the call overall the call has been very good one is that the mac business was supply constrained in the quarter, that was the only business that was just simply in line, but that probably means that there's up side to the street numbers for the march quarter when it comes to mac i want to give, i think it was katy huberty some props here i always wish i could do that as an analyst she did it marvelously trying to get tim to talk about future production she disguised it by saying how do you think about new addressable markets? and tim commented that we think about the user experience is important. and segments where we can do both hardware, software, and services, bring all that together now, i want to be clear. i'm not putting the stake in the ground saying that apple is going to build a car i think the leengs are in that

direction. it's hardware, software, and services when i put all this together, i'm surprised that the stock's not moving higher. i continue to feel great about our opinion that this is a $200 stock in the next couple of years. >> it's karen. thanks for being on tonight. they talk a lot about the strength of china. does that make you want to increase your numbers for the u.s., assuming that china's strength is on their sort of come out of the pandemic earlier than when we do, we'll see that strength as well >> yes, i think you will see analysts inch their numbers higher because because of that the question also came up about these further lockdowns, to your point here, and they saided that they haven't seen any impact from the new lockdowns eventually you're going to see some of that benefit these are all what youcht is near term. near term benefits is people kind of right size their pocket books through the pandemic

what i really want to anchor is this quarter, the traders hit it on with the right adjectives to describe it. i want to add that it's an accelerating digital transformation that is sustainable. it's going to continue not these specific growth rate numbers but this idea that apple can grow much faster than i think analysts and investors believe over the next year or two years will play out. >> great to get your analysis. thank you. >> thank you >> i don't know, guy in terms of what gene said and how tim answered it, hardware, soft -- it seems like he could have been talking about a microwave. i get that he might have been henting about a car. say he came out and said we are looking into a car, does that stock trade up >> probably not. but with that -- who -- it's interesting. we don't have a microwave in the house.

the kids burned popcorn a few years back and we threw it out the window so it's a little different for everybody else when you dance around it, it gives people something to think about. i feel think the only reason the stock is lower, again in my opinion, the fact that services revenue, trending north of 20% was now between 14 and 15% but that's being a victim of their own success. it's an extraordinary quarter. i don't think there's any way to get around it. >> it's down less than 2% right now. we'll keep you posted. coming up, a lot more on today's earnings action, plus details from tesla's call starting at 6:30 bonus hour starts at 6:00. first, reddit playing out. we'll look at some of the most active tradeanwhs d at they can tell you about your money. "fast money" back in two

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welcome back to "fast money. tomorrow, reddit's co-founder with join the gang on squawk box. catch that look at some of these outsize moves in heavily shorted stocks.

we spotted some kwaefl wild activity mike, what are you looking at? >> yeah. so monday we talked about some of these names we talked about black blery, amc entertainment, we talked about blackberry and game stop all of those are seep as options. all of them traded over a million contracts today. all of them have seen explosive gains over the course of the last five days nokia is the worst performing, up 56% in just the last five days there's some other stocks, too, that are seeing similar activity express and fossil fossil is up almost 160% over the last five days >> amazing mike, thank you. tune in to the full show friday upex falra30 nt,in tdes.

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hey, "mad money" fans. i'm melissa lee. cramer is off tonight but we're all over the earnings. apple, facebook tesla on the move after reporting results tesla's call kicks off in less than 30 minutes. we'll be on it and break in with headlines. we'll get to the earnings in ra moment but we have to start with the brutal sell off. stocks plunging into the close with the s&p falling 2.5% and the sell off taking no prisoners. the big drop comes as we saw more out sized moves from some of the most shorted stocks in the market, game stop, amc