tv Fast Money CNBC February 2, 2021 5:00pm-6:00pm EST
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reemphasize the retail business. they're not going to lose altitude because they have all these other businesses that no other retailer has >> thank you for joining us. much preached. reminder that during the actual session game stock closed down the nasdaq was up. we're out of time on closing bell bell. "fast money" starts right now. >> this is fast money. guy, tim, steve, and bonneau tonight on fast we're tracking the alphabet, amazon and chipotle stocks on the move. we'll break it down straight ahead. plus break out your rally cap. the best day since november. find out why the yolo game goes bust. getting back down to earth one of our traders says not even
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close. we start off with a bombshell out of amazon. founder jeff besos is step ug down as ceo. he'll become the company's executive chairman the stock higher in the afternoon session. >> melissa, bombshell, indeed. besos handing over the reigns after the stronger years of revenue and profitability. it's facing labor knishes as the work force surfaced a million employees last year. there's antitrust scrutiny which isn't expected to go anywhere. republican representative tim buck tweeting out quote i have some questions for mr. jaffy he has been a key voice. i asked amazon's ceo what we might expect from a jassy-led amazon he understands what makes amazon such a special innovative place.
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he also said investors can expect continue knew di because jeff besos will still be involved remember besos is amazon's largest shareholder, so he's not exactly retiring here. the timing of the announcement may come as a surprise, but certainly not the man who is tapped to take over. andy jassy has been at the company almost as long as besos. he pioneered before google and microsoft even got started in a memo to employees besos writes that jassy will be an outstanding leader and he has my full confidence. as for earnings, which was certainly overshadowed by that announcement they were very strong indeed interestingly, though, jassy, the cloud chief, he will be taking over as aws growth is decelerating and as retail sale are growing at a quicker pace
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than awf back to you. >> the stock is up 1% riling now. guy adamy, it's interesting to see what the reaction is people are saying this is going to be the smoothest transition you've ever seen is this the biggest news story with the least of impact we've seen in a long time >> it's a huge story, i think five years ago it would have been different i'm surprised the stock isn't significantly higher than it is now and i think this is going to be a bit of a seamless transeggs. not that -- i don't think anybody knew anything. there's been talk about this for a while. you look at the numbers quickly. revenue at the higher end of guidance greating income beat the higher end of guidance, which is extraordinary, if you ask me they gave you first quarter guidance, north of 6%.
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this should be testing again, in my opinion the highs we saw in september were 35 .50 or thereabouts >> you think the stock should be higher because of the results. >> it's all about the results. >> hour. >> i get what's going on but i think the market's going to realize that five years ago, big story. today, not nearly as big >> besos is leaving amazon in good shape at this time. one might even argue that the pandemic accelerated the time frame for jeff besos to step down and leave in this role. you do want to leave a company at a good point in time for a smooth transition. here we are. >> also, the trends in e-commerce that amazon was way ahead of and has punch waited that the e-commerce has helped other people it's helped amazon more than anyone in covid. this fact this season a new
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story is testament investments that amazon made in logics well before anyone even thought of doing these things. this is, i think, an institution that is amazon there i think we understand that as consumers. therefore, i -- yes, i think this is a manevent i think transition was expected. i got a chance to read the letter to employees that jeff besos sent around. he thinks amazon has been the most inventive company of this time and that he's leaving at a time when there is as innovative as they've ever been right now i don't think they're going to skip a beat. everyone has talked in special difs about andy jassy, they should it's probably been aws >> yes, i think for the most part until the pandemic, the e-commerce part of it played a
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role as well in terms of where we are now bonneau, elle vating the cloud bus. does that make you more confident that the company will, i don't know, invest more in the cloud area seemed like amazon treated the cloud business as very important, which it is >> they certainly have, but i think this is definitely a nod to just that i think anyone you have a position, there's going to be opaqueness and states, listen, this is going to continue to be a focus for us listen, i think we can talk about special tifs all we're looking is profitable growth i'll add to that, when you have a company that has key risk and is able to kind of put in place a transition that allows for a smooth handoff of power and focus of where core components
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are going to be, i think they have nailed this across the board. >> grasso, should microsoft's azure, should google, should any of the gloud players be worried that the cloud bos runs the entire company >> aws is 60% of the entire operating professional i take the other side. i'm not sure why the stock isn't down dramatically. i know this was expected when you look at a chart, amazon hasn't done anything since september. i think that when you're going forward, the comps for the next quarter and the quarter after are extremely high so given that, i agree with everything that everyone has said on the pam about moving towards a more technology base but it's a little too contrived when you have jeff besos saying that he's going to be ne product and innovation that, to me, seems as though
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they're trying to hold on to the bullish scenario but they don't want to take the bear scenario along with it. i think in the next couple of days, you'll see the stock lower than where it is now, but i agree with guy, none of the fundamentals have come into play today. it's all about the headlines >> slack is up 2%. jean munster is with us. gene, what's your take >> having a case of -- bad case of deja vu here. i feel like a recorder amazon has a great quarter even before the last nine months. we keep coming back to is this sustainable. the komps are getting more active they're guidance you have to put it through a conversion calculator. the guidance for march implies 13% up side where the treat was at i think what is anchored in this deja vu, we're going to continue to have these conversations, the conversations about another good
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quarterbacks for amazon is e-commerce is still a portion of what we buy. it jumped 50%. it's up massive, but it's going to be 60% of what we buy we're going to buy online. so some of these trends are hard to wrap our heads around i think that is the anchoring piece that we're seeing this acce accelerating, amazon has a pole position >> you have not mentioned jeff besos stepping down for a reason you don't think this is a big deal >> i think it's not a big deal i think that a lot's been said about this i don't know andy, so i can't weigh in on whether this is good or not good. i think there's a bigger story here, too, about the tech behemoths and how they think about transition of power. and i think if you look at a nod to steve jobs here he set the play would be in motion with tim cook and here we
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have somebody whose been -- and he's been with amazon for 25 years and the baton is getting past my mind corpus christied to what's next. tim can cook is 60 elon musk is 39. zuckerberg i think is 36 what are thosecompanies doing to promote a transition so that when those happen we'll have the same conversation we're having today which is it's a nonevent >> on of the companies you mentioned is there a company where you do not see the clear heir apparent. i think people thought andy jassy was the heir apparent. which company do you think could be at risk >> i don't think there's a clear heir apparent to facebook. i don't think there is with tesla. elon is 49 i think he's got enough five plus years
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he made a comment on the earnings call that he had five, years plus there answering your question slightly differently, who is really well prepared is not surprisingly, apple is. they run with laser precision. jeff williams joined apple in 1998 so over 20 years now with the company. he's not -- he's 57 but he is moo my view the heir apparent to apple. when is tim leaving? >> the calls are going to get under way in about 20 minutes. what would be your number one question on this call? >> my number one question is the cost of -- they're going to be investing in logistics this is becoming logistics company. i know there's a view that this is a reoccurring revenue business but i think it's important for investors to understand what that cap x is
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going to be in years ahead >> gene munster, thank you >> thank you >> guy, i don't -- i thought it was an interesting point in terms of who else out there might not have an heir apparent. if you think about facebook and tesla, that could be a major crisis if we find these ceos are out at some of the biggest tech companies out there. >> given both jess' age, ice probably a five to eight-year window who knows what emerges over the next few years to take the stewardship there. i don't think it's a big deal. i think this would have been a big deal six, seven years ago for amazon i don't think it's a big deal now. i'm sure there are people concerned. look at the quarter. some of those metrics. look at the guidance for next quarter. again, i think it should be higher we'll see. i think it tests that september high, 35.50 and we'll chat if and when that gets here.
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>> the company's call is under way. let's go to josh lipton. josh >> heading into this print, the stock has rallied about 20% over the last three months. year to date it was up about 10%, far outperforming the tech sector in the after hours you see it surging higher i talked to the ceo. trends and themes she saw, she talked about the increase in advertiser activity, unlocking budget that had been paused earlier in the year. search and youtube, the bump in consumer on line 2i69 activity we talked about the cloud segment. business lost about a billion dollars. she said they're in investment mode, they're spending on infrastructure and head count as they compete with rivals like amazon and microsoft from a check from the street, i checked at aaron over at raymond
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james. he said it was strong across the board. youtube up all accelerating year over year. cloud roughly in line at 3.8 billion -- not losses, but that was not a big surprise, aaron said, buy still at least levels. option values in emerging areas like the cloud and other bets. back to you. >> thank you, josh lipton. we started talking about the rerating that alphabet might deserve. are we still in the midst of this >> oh, boy and let's not forget how important the appointment of ruth bore ath. she's been a part of understanding transparence yrks i better understanding of really where there's strength and up side i love the fact that the youtube
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growth is up 46% on ad revenues. i think that's phenomenon. operating margin's up 28%, at 28% up from 20% a year ago those are the things to me that are really kpielgt the core business is what it is. wie said of the megatech company was the cheapest and i think it arguably is the cheapest on a relative basis >> i will juxtapose this earnings statement that have been had to invest so much in the digitalization you also have investment into cloud computing, so what you have is a business the that has several revenue streams but they continue to make investment into the next wave and stay issing at the fore front of innovation as opposed to been forced to pivot and altar business strategy due
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to extraneous circumstances. >> steve >> it's about cloud and the cloud growth was off the charts. they were forced to make that shift. youtube is always exciting for investors but i think people are buying the stock because of the cloud growths. this is an incredible charts it does check back to the 50-day quite often. so i wouldn't rush in here it still looks very bullish to me >> alphabet or facebook? >> alphabet. to me, it's not even close for a number of different reasons. we said it last quarter. we've been pretty steadfast in this you can actually make an argument right now the same way we did last quarter that the stock is cheaper now than it was a couple hours ago i would say that this fourth quarter sets us up next year for minimum probably this year of $70 a share, if not north of 80.
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you start putting a microsoft, apple on it, it goes to an up side margins are everything operating margins came in at close to 28%, which was significantly better than the street was looking for there's nothing not to like other than other bets. it's funny that they call them other bets because that's exactly what they are. good more google >> that's not being -- that's sort of like an extra, a bonus >> exactly and that's -- that was guy's point, i believe they're called other bets. you shouldn't be counting on that but talk about innovation. i would never count google out they are spending on innovation everything day >> the stock is sup now by about 8% the earnings keep rolling in up next, chipotle reporting mixed results.
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we'll bring you all the big headlines. plus, the reddit rally rolled over we'll break down the market action when "fast money" returns. ♪ ♪ why do you build me up, build me up... ♪ ♪ buttercup... ♪ ♪ baby just to let me down! ♪ ♪ let me down! ♪ ♪ and mess me around... ♪ ♪ and worst of all, worst of all ♪ if you ride, you get it. geico motorcycle. fifteen minutes could save you fifteen percent or more. ready to take your immune support to the next level? nature's bounty is here for you. geico motorcycle. the number one herbal supplement brand has everything you need to help keep your immune system strong. immune support comes naturally with nature's bounty.
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welcome back to "fast money. we've got an earnings report for you on chipotle. kate rogers has the numbers. kate >> hey a mixed for chipotle, revenues right in line. 5.7 in q4. digital sales always in focus with this company. up 177%. half of sales in q4. for the full year they grew 1 is 74% to $28 billion delivery accounts for about half of digital sales at this point which i pole lay said their points were strong komps improved towards the end of december and january komps grew around 11%. the company is guiding for kwrks 1, 2021 comes in the mid to high
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teams. no komps guidance was given for a full year 2021 chipotle says it's planning for 200 restaurant openings. ceo brian nashville says response to new items, including claul flower rice is doing well. smoked brings kit is making its way through the testing process. chipotle says it has nine and a half million loyalty members the stock seems to be on track to continue the trend in 2021. executives sounding confident on the call and ceo brian nashville will be on mad money tonight back to you. >> look forward to that. kate rogers. listening to all the menu items. i'm getting hungry guy, what do you make of the decline in the after hours session? >> well, you know, you want me to say it and i know america wants me to say it -- >> wait, wait, what are you
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going to say something like a burrito. >> i i'm -- >> i'm not saying. you want to say it, go ahead -- >> it wasn't a bur receipto blowout. >> there you go. >> digital growth is ridiculous. the eps growth is outstanding as well they missed. it was a miss. i'm actually very surprised the stock isn't down more than it is it made an all-time high during the day today and i think it's done only marginally in the after hours. people are betting on cmg. they say valuation be damned because you have the eps growth to back it up. to a large extent it's become a technology play. margins were a little disappointing but if you can't sell them, that tells you all you need to know so main it was a reverse burrito
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blowout. >> my mind is reeling. it's a vivid image, though in terms of technology, i've got the technology with you also constant menu enovation which during this pandemic, people might be fatigued ordering from chipotle again and again or if they can get cauliflower rice, that might float your boat you might go there again >> be mindful of the waistline keep in mind, though, lisa not let things get blown out of proportion this has been an investment innovation play. those things to me are still squarely many line plus you likely have some up site side when you have the opening trade. if they continue to operate profitably with some reopening spin to it i look for a chance to buy on weakness >> coming up, stocks surging on wall street today as the reddit
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rally rolled over. the traders break it down. we are all over this amazon news jeff besos is becoming the company's executive chairman the company's analyst calls is an to kick off we'll tell you what ey hthave to say. keep it here "fast money" is back in two. ca. you got to move the phone in front of you like..like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most and $0 commissions for online u.s. listed stocks. don't get mad. get e*trade and start trading today. your grooming business is booming. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base. claim your seventy-five-dollar credit when you post your first job at indeed.com/groomer
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for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin welcome back to "fast money. stocks surging on wall street today. the dow climbing 4976 points all 11 s&p sectors led by fjs. check out what happened to gamestop, blackberry, they all came crashing down today what should we make of it?
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steve, i think there are a lot of people jumping at the chance to say this proves this is all over is it? >> no, i don't think you can say it's over. we had a week. we had five days basically and i think the world sees the financial world sees that it's not in the same hands as it used to be. so you have a retail audience. you have more people that are really reasoning to the mark than ever before so i don't think you could say that it's over now, the problem, melissa, the reason why a lot of these names came back to earth is that there was a lot of regulation, speculation about getting locked up in these positions, or not being able to buy more that one share. so i think people will -- in the retail audience and the retail investor will wind up going to a different brokerage house or a different stock or a different sector so we've seen that with silver we've seen that all over the map. but think about it this way.
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we have more engagement. think about how many people are asking you and everyone else on this panel what's going on with the marketplace. so i think the resurgence or the power that we've seen in the retail community, i think is not over at this point we're just going to see it maybe in a different stock, different venue, dinner brokerage. but i think it has to simmer down here. >> i think it's interesting that a lot of sort of the more established players on wall street might take a look at these stock declines today and yesterday bonawyn, people who invest in these stocks lost their shirts, they're out. they're going home with their tails between their legs a lot of people still made money off of them. as grasso said, even if they're out of these names, there are other names out there. do you think the retail traders go away? i don't know
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maybe it's my observation on the whole reddit thing >> seems like they are engaged now. >> definitely, right more trading than investing. we can touch on that at any point. but you know what? affirmation bias is real there's a lot of people who came out and said this is going to end bloody for retail investors, you've got to save them. as steve mentioned there was a lot of intervention there. we'll never know how this truly would have epled and in what time frame it would have ended if all these other things not come into play the last thing is i also push back on the notion that these were unsophisticated or cav legislator type trades this market has been away from fundamentals for some time you can have a fundamentally sound idea and still have breakdowns in the technical and execution aspects of the trade
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that is every bit as jim as having a fundamental bias. you've got to have a view and know how to execute that view. both of these are equally important. >> while there are a lot of people who love financial analysis, i think you said it right there, it may not be the right thing for every single stock in this stock market it was an interesting conversation that mark cuban had today on "squawk alley" when he said, you know, fundamental analysis may not matter unless you're a dividend paying stock you're basically buying a lottery ticket he said that for effect, but you're basically betting on the company going higher i mean, that's what it's all about, guy, no >> yeah. well, and a certain part of it absolutely true. listen we -- i think we've avoided saying this, because i don't think it's accurate. i think bonawyn said it. these weren't unsophisticated people the people or group of people
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behind this understood more about convection itself and pol tillity and leverage than people who get paid to understand it. and they saw what was going on in gamestop and took advantage of it. so i'm a big believer in darwinism, as long as no rules are being broken, no laws are being broken, good for whoever's behind this. but i'm hard pressed to believe this was just the retail community. i still think it was a group or larger group that were pulling the strings. we're going to find out over time >> sure. >> to that point, i think that short sellers are now going away that's going to be problem at eric that's a conversation for another day. >> right >> that short position sometimes lend themselves as a speed bump on the way down. they might not be there going forward. >> the game position is down over 50% over the last week. that aspect of the story seems to be going away make no mistake as concerns
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people glomming on what's on the vip hedge fund list is every single tech stop all glomming on. i don't know -- there's some people -- >> preach. >> there are some people making money on this stock. >> so right. hedge funds hunt as a pack and have been for a long timele in group thinks we've talked an this yet, there's seemingly nothing wrong with that or is there or -- but the premise that fundamentals don't matter, i'm sorry. i'm going to push back every single day on that and, you know, i do think if we want to drill on gamestop, we can talk about some of the catalysts to board changes and what-not but ultimately, i do believe that at least the decline of the
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company's business was fundamental and i think as far as the market, the great irony is think an the market in terms of how many people have come on our show in the last ten years that largely willshort sellers or people that have been very critical of the market environment and said it's been propped up by the fed. guess what we're here ten years later where the fundamentals of either traditional valuation metrics no longer work. so i do buy it from a markets perspective because market rationality or irrationality, we're going to continue to see it i fi fundamentals on a stock specific basis are going to buoying. >> if you don't like gamestop, blame it anja roam powell. jeff besos has stechld down as
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ceo. all month long cnbc is celebrating black history month. here's a story on the trail blazers who came before her. >> think about the sacrifices that generations before us made, put us in the position that we are now. i think an everyone who participated in the montgomery busboy cots and what they went through. so i remind myself i'm standing on their shoulders and i have the obligation to push forward because they blazeuch sa path for you and for me as well
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welcome back to "fast money. amazon's so-called is now underway we'll keep you abreast of what they're saying about jeff besos standing down as ceo we'll cover that lets kick things off with ali baba its cloud division turned a profit for the first time ever baba closing lower today tim, there were some concerning comments or maybe some serious comments about the future of financial, for instance.
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what did you make of the whole thing? >> as weave talked about aunt financial implied in alibaba right now, i think actually there is instricken sick value there. but i think there's been a misunderstanding of the regulatory dynamics in china while jack mah certainly at times has put pressure on him, i think the things alibaba will work itself out. the story today on earnings, great that the cloud business is growing. there were some margin pressure. their other bets part of the revenue stream is something that also was a bit of a disappointment and a little bit more important there but a name on long, look, you've got enback up to the 260 area. there is a little bit of short term resistance. a discount has been put on it based on i think more sovrge
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risks than anything else >> exxon reporting a $20 million loss last quarter, it's fourth straight quarterly loss. shares moving higher on the day. they came out and strongly reaffirmed its commitment to the dividend saying if it ever got in the situation where oil moved back down to $45 a barrel, it would defend the def denied and prevent spending is that the kind of oil company you want to be in, if at all zblo i don't think so. i don't know why they need to make comments about that you need to be in it, be in it last october, november a long time we said that third low is a huge bottom, gave human opportunity to the up side when nobody's paying attention. then you had exxon taken out of the dow, if memory serves, and that lasted a day. look at the huge double bottom now you have a huge double top in the form of 50 and change
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which is where we topped out at in june. i don't necessarily need exxon telling me that they will defend it in an environment where oil goes lower i don't think -- and 2021, i don't think that's the rhetoric -- not rhetoric i don't think those are the statements we need to hear >> ups stock jumped to a record high jim cramer sat down with the ceo and here's what she had to say >> for the first time in a long time our revenue grew faster than our volume. that's what we mean when we say better, not bigger and we were able to do that while delivering excellent service in this time i was happy with the brouktives that we showed on the bottom line, so we are positioning this company for some really great things. >> full interview is next on mad money top of the hour. meantime, kbrvegs on, what did you make of the move >> i think it was generally a
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trump quarter. it's been trading sideways, i think, since july or august, september at the latest. i love the story she points out that essentially revenue has outgrown volume or has grown at a greater rate than vom. my question is what's the next thing that takes this forward. we've talked about the tail winds of having covid. for me, i just still scratch my head in terms of what is going to be the thing that takes this thing to the next leg higher and breaks through resistance levels we've seen over the last six months or so >> coming up, the amazon call is under way. we're 12 minutes in. we're monitoring it. we'll bring you the headlines about jeff besos stepping down as ceo paypal and rally mode are options ahead of earnings. 'vgot the trade and much more when "fast money" returns
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not the case we are hearing from bryan oh celski he said those of us who know andy are excited to see him take on the responsibilities. we're excited that jeff, besos, that is, is remaining in a role. we remain bound by our common focus. they went to q and a the first question wasn't on the leadership change, which tells us that the street se pretty comfortable with the change and they think it's going to be seamless we'll bring you any questions. back to you. >> deidre, thank you gene munster is still with us. if you had a crack at asking about jassy, what would you want to know? you said you didn't know him it is extremely assumed, there's a certain level of comfort across the street with this guy taking over. >> if i would ask a question
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they'd answer, which is two different things there but i would ask what's the difference in style between the two of them and how do they think about the world differently. there's obviously a lot of similarities be fun to frame in that difference i wanted to highlight a point that deidre made first was sales and second was about aws. i think investors are focussing on the fundamentals. >> many terms of the question about the quarter, gene, that you would ask, what would you ask? >> just about that spending the infrastructure >> yeah. >> it really hit me. in their prepared remarks they talked about the 75,000 hires. or seasonal hires in this quarter compared to 50,000 a year ago they talked about increasing in 2020, the capacity of centers by 50%. it was a difficult year to be expanding, but what that really tells me is why know how you justify the valuation, but also
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i don't know how you think anything more than this company is going to continue to dominate this infrastructure. it's most impressive if you gave me a lot of money and said go compete with amazon, i would return it to you immediately. >> all right, gene thank you. i'll let you get returned to the phone call >> thank you >> steve grasso, what would you want to know about andy jassy and, you know, i reached out to jeff sonnen felt, our friend and expert in ceo leadership, in particular, and he said that there are many examples of founders going on to play, you know, important roles in companies as executive chairmen. bill gates, howard schultz, larry grove. he said there's about 30 other examples of that it worked out pretty well for the companies. >> yeah. i think it can work out pretty well obviously, jobs to tim cook, everyone thought that was going to be the end of the world for
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apple, and tim cook has probably done a better job. the question i would ask is how would you keep this retail operation moving forward obviously, we know what his focus has been what does he see what will he bring that will bring a new voice, a new vision for the retail arm of it what does he see, what's his next agenda. what is his next new prick when it comes to the retail site? >> when i heard the news and saw that everybody was so comfortable with this guy taking over, i thought about the scenarios under which people might not be so comfortable with andy jassy taking over i you thought immediately -- and don't "at" me for this this is just a thought i'm putting out there. is the breakup of the company in the cards? no i don't think -- listen -- >> i immediately think of
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structural changes when i think of a ceo change. what possible structural changes could happen that could be a tape bomb? >> it just goes to show once this is example 1,800 over the years of why you're smarter than i am, i thought of the great movie armageddon and ben affleck taking over for barry stamper, if you recall. they were able to save the world. so sometimes you need new blood with new ideas to come in and shake things up. good for bruce willis, ben affleck and good for amazon. >> i'm going to have to put armageddon on my watch list. details when "fast money" returns.
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this wave of up side call buying that seems to be in vogue at the moment i'll jump ahead to the options implied move about a 7% move in the direction between now and friday, compare that to about 5 3/4, 6%. about 3,000 or so of the 250 calls expiring this friday traded for putting the break at 27070. i will mention that we saw about 2500 or so of the 230 puts trade. there's still some bullish sentiment but this seems to be more measured than other names >> thanks for that tim, what do you make of paypal? >> you know, one of my colleagues likes to say let your winners run and, you know, that's a mistake i've made with
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paypal this is a company that continues to rerate. i think a lot of people have also gone to the valuation argument on this one i think when you look at the covid environment, obviously, the winning hand that paypal brings to the table, why that was accentuated, why that was accelerated, companies continue to be a dominant role around the world, especially where banking has less infrastructure. don't like the quality good company >> people who buy bitcoin will do other transactions on pay pam. steve, where do you stand on paypal >> i like it and i like the whole space. look at the history of squares, squares in that same space it's a competitor to paypal. but bitcoin has definitely been a tail wisdom to this as well as the pandemic and everything else but i would assume that these
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things can continue to move higher, so i like the space, even with the valuation as tim pointed out. >> be sure to tune in to the full show idfray 5:30 eastern time coming up next, your final trade. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪
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it is sometime for the final trade. let's go around the horn tim. >> following the two week delay trade banks after earnings now finally starting to kick in. yield curve helping them j. morgan the best of the best. >> steve grasso. >> bft was knocked down about 25% because gme traded higher. this will be back quickly. >> bonn. >> market down 1 is.7%, market up the same amount, vics up. get launch some volatility >> guy >> a few things. i'm sorry i'm filming from inside the fireplace number two, i paid with this
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hair cut with my venmo account >> get your money back >> ben affleck reached out he wants to come on the show >> i'm sure. >> huge fan of "fast money." anytime you want i think earnings is down too much. >> i hope there's no fire in the fire 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. >> hey, i'm cramer welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you money. my job is to entertain, teach you. doesn't matter where i'm coming from call me at 11-800-
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