tv Fast Money CNBC February 24, 2021 5:00pm-6:00pm EST
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the pandemic >> i think they're difficult dent about that. you don't have to be can clear you can get a mulligan everyone is playing the macro. if it's a reopening play, it's going. after the earnings report tonight. >> we've got, what, five seconds left don't forget to tune in 8:00 p.m. eastern time for the special report for now, we hand it to "fast money. >> i'm melissa lee and this is "fast money. tonight, call it the arc affect, the cathy wood effect. plus shares of moderna on the move after the company laid out its plans for vaccine against the south african coronavirus variant. >> he or she will make their case for why
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we start off with gamestop it is back and it's back big right now take a look at the action in the after hour sessessio this is 7 all the action happened in the last hour of trading, more than doubling, getting halted for volatility two times. amc rose as much as 20% at the high of the session cost rose as much as 7% is this the return of reddit amc and gme were two of the hottest tickers today. guy, this is crazy i thought we had left gamestop behind us. >> yeah. >> i thought other names would come up and i didn't think reddit would be gone but i didn't think gamestop would be back in this fashion >> no. i didn't think the reddit, the robinhood trader, the wall
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street bets, not by any stretch. we've talked about it a number of times we've given credit to a lot of those folks for identifying opportunities. all the things that make your eyes glaze over and they've done it better than those who get paid to do it. if you're asking me to explain this, i can't explain. sometimes the answer is i don't know but i will tell you that i don't think this is coincident that this happens after charlie munger made comments that he made i encourage people to go back and watch that video i think maybe in certain aspects this is sorts of the other side of the charlie munger interview. i got to be honest with you. in my wildest dreams i never thought we would see gamestop back up to 200 >> it's now 146 .05. we're watching closely
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what's interesting we were talking gamestop yesterday that the cfo is stepping down. maybe there's a grander plan in the works here >> how sad would you be if you were the cfo and you stepped down and the stock was up a hundred dollars. a hundred dollars because you left i understand it's not entirely correlated to him leaving. as guy said, it's insane i don't know what to make of it. the charlie munger idea is as good as anything i've heard. i was wondering if roaring kitty was the can cfo. i made that up, i literally made that up. who knows? can. >> careful >> i can't believe it's back this quickly and that the whole cost, everything i think i saw best buy getting a bid. i don't know what to make of it. if you saw what happened three weeks ago, maybe, not even a
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month, both the shorts and the longs got burned people made money on either side, but this is a powder keg i wouldn't touch it. >> we should note that -- i check the twitter feeds of course everybody does these days. the kitty has not posted anything since february 20 cohen who is a major shareholder, he is the co-founder of chewy. he posted a picture of a soft serve vanilla ice cream kohn maybe 15 minutes before the rise in gamestop started. i don't think that's correlated. but for full disclosure, that's what happened on twitter related to the gamestop story. tim. >> yeah. maybe the good humor man is going to take a board seat i don't know but i do think you have a case here where retail trading, the
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ability to have significant momentum flows move quickly and almost be mobilized is important. i think what we've also learned is this isn't a retail trade there are, quote unquote, professionals involved in this and the dynamics are technical but to try to overanalyze cfo dynamics, hello kitty, sylvester the cat, morris the cat, it's more -- look this is -- amc and gamestop and a handful of other stocks are moving, why are we trying to understand what the fundamentals are on a individual basis? this is a liquidity thing. right. no one expected this to go away overnight. i think the surprise is we're back to stories that looked like they kind of had their run and fade but again, some of the best traders out there trade one or two stocks and there's a reason for that
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>> what's your take, dan did you see anything in the options market that was interesting, in your view. >> just the options, the activity we saw today is similar tote activity we saw in late january. there was a lot of short dated option buying which suggests that people are trying to play that short term momentum and do it with defined risk when you think about some of the circuit breakers and the fact that robinhood was able to stop buys in the name, i think some traders are feeling like they're willing to risk what they're willing to lose. i echo what these guys said. i thought we were done with this in january none of us have the answers of what happened in january to me, it seems like a ok traited ponzy scheme when lit broke out that last week in january and when it broke down, there's only four days that was above there. there was massive swings
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numerous amounts of stocks a lot of goofiness with robinhood, that sort of thing. it's not a real situation. you can say o to me, what's real when you see a company like this gain a hundred, 200% in a day for no good reason if we wake up tomorrow morning and there's a new investor -- a couple of days we were talking about smart activists. there could be activists in gamestop the timing was right everything settled down. who knows? it doesn't mean that you should go in the after mark to buy at 50 or $6 >> bob joins us now. bob, what did you see? >> well, you know, obviously we don't know the why i've been looking a the who, just trying to figure out the retail versus the professionals. what we see doesn't leap out at
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me obviously a lot more after the close. of that, about two million shares of 4.5% were block trades that would be considered a professional trade over 10,000 shares most days in the last few weeks, about 4% of the total volume during the day has been block trades i don't see anything that jumps outs at me using this metric the volume was higher. 41 million shares. we haven't seen that since february 5th the volume is higher total amount of trading was higher than usual, but what it looks like to me is when this thing started lifting off at 230, 245, everyone piled on, including the usual amounts of block trades i see stuns of hundred shares or less going by here i don't see evidence of very, very large block frads as you know, melissa, professional traders can easily disguise it now by pushing it through. i'm not sure there's anything
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terribly unusual here. we just don't know the why melissa. >> many mysteries. bob, thank you. >> ok. >> the same day that gamestop is back, there is an outage of reddit yes, an outage on reddit julia has the details. julia. >> that's right, melissa reddit experiencing a widespread outage that started about 4:00 p.m. it is now back up and running. it posted quote we've served the recovery and systems are healthy. reddit is operational again. this came about a half an hour after they posted they've identified the issue and systems are beginning to recover the outage started around the close as sna frayeding of gamestop spiked. >> do we have any sense on how the outage impacted investors?
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how can you characterize that outage >> well, we're not getting any information from the company right now. i know that here in los angeles i tried to log on to reddit.com and it wasn't working at all so it wasn't specific just to the forum. it wasn't just about whooet bets it was reddit wide the question of whether it was a nationwide thing or a global outage, we don't know yet. but we know there are many reports. down detector reported about 52,000 reports of problems with reddit right around 4:00 eastern. so a spike around then i don't know if this was a global outages >> thank you, julia on the reddit outage. guy, you're a cop spear si theorist at the hard so shortages of reddit at the close. when gamestop volume was perhaps the heaviest what do you think? >> you're leading me down if primrose path. this one i'll be happy to go
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down with you. it also is ona day where the fed had some issue as well i'm sure there's nothing to be concerned about there. i'm sure people are going to at me relentlessly on twitter i think the market structure has to be a concern. we talked about this a few weeks. we'll talk about it. now. i'll be fascinated they had that huge move in the vics see if you see the same thing tomorrow in terms of gamestop if they've said something, i apologize. but when your company becomes the tag line or a punch line of a joke, that's problematic they really need to come out and address something at some point, i would think. otherwise, this is going to continue to carry on so i don't are any answers for you. but it does seem -- the co inns deputies is a bit shocking to me that on the same day reddit --
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oh, by the way, i'll mention charlie munger again i think people watch it and say watch this, charlie, watch what we do now. i think that was part of it as well sort of a witches' brew, if you will >> the can impact the reddit trade had, we saw somewhat of an impact, lick dading some of their long positions we saw some of is that rotation happening at the height of the reddit frenzy. it's a different situation now, tim. what would you be looking for? i would imagine anybody who's going to cover short positions have already done so maybe that is out of the system >> yeah. and i don't think that equity positions or cash balances on -- however you want to look at i. is there a lot of cash on the sidelines, are people over investing, portfolio sizes i think you haven't seen a flood
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of money rush back into the market, even though the market has more or less regained some of those levels that were lost in the heights of that volatility the vics plunged below 121 today. when you consider some of the moves around the market, especially a tick into the 140 stz intra day before pulling back, these are some things that are concern and more aggressive volatility it's hard to believe volatility can plumb a lot lower. these are the reminders. >> what was interesting today was a continuation of the reversal in technology, specificallily that we saw start yesterday and continue into today's session. >> yeah. at one point it looked kind of scary when some of those tech names were down two, 3%. i saw that apple might lead the
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way. i would add, we were talking about people stocks, talk about rotations, we're going to talk about ark later. keep an eye on bitcoin this is not a stock but it falls into the camp of speculation and sentiment as relates to other assets the low yesterday was 45,000, down from a high 42,000 was the breakout. a lot of these things are pretty well correlated. i know there's a lot of crypto vandals who say it's no longer we'll see about that when we see, you know, what happens with the stock market next time around, because they were pretty correlated yesterday >> yeah. karen, what's your take on that in terms of bitcoin and the markets? >> oh, i think that -- i mean, they're correlated when everything's really terrible, we saw in march, bitcoin hit -- i don't know, 80% lower than here.
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but i think part of the bitcoin story continues to be this spending, spending by the fed, and i think we're going to see that for a while so i also think the other part of the story is institutional money and even, you know, fortune 500 balance sheets, which i'm a little less omtd mystic on, getting more and more exposure to bitcoin. i'm staying long >> gamestop by the way is up only 50 percent after hours. we'll continue to track the move coming up, after hours numbers moderna surging on hopes of a new covid vaccine. we'll be joined by the ceo for answers. much more fast money money straight ahead [music: “you're the best” by joe esposito] [music: “you're the best” by joe esposito]
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center 1.9 i checked in with mitch stooefs, covers the name. q4 margins expanded to 42% gaming he called a blowout he talked about the contribution of cryptocurrency mining there data center in lime. guidance ahead despite this, mitch is arguing this is a buy. says it's the best pure play on gaming and ai. it's a gaming business record revenue up 70% year over year gaming part of our culture the gaming business, she says, will stay on a strong trajectory she did say stronger demand globally has limited the capacity particularly in gaming. back to you. >> thank you josh lipton we were talking yesterday about how the bar was high for nvidia to gain on the back.
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here we are up 1.4%. >> monster gaming's half the revenue now. i got it slightly better doesn't matter operating margins, gross margins, i should say-month of 65%, which came in in line nothing no to like the naysayers will talk about valuation. they're all in the right places. that 16 level we traded up to, all-time high back in the middle of this month, just a couple of weeks ago, actually, i think we take that out and this continues to grind i thought qualcomm would start at 48. it obviously didn't. if you're looking for a cheap play, that's it. the nvidia quarterback is outstanding. >> dan, your take? >> not much more to add. it is outstanding. i think tim mentioned this the other night when we were talking about netflix, it was one of the first tech stops
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the stock went to all time highs after being in a consolidation not too different than what nvidia has been in the last couple of months the fact it's only up a percent and a half, i know it's aftermarket, it doesn't lead me to believe that investors are going to fwlaek out. it gives you the opportunity, to guy's point, if you see it lower or further consolidate, it is probably a great candidate at some point for a big breakout. >> if we were in a market where investors are scrutinizing high valuation stocks and there could be a buy fur indicationing in semiconductors do you feel like they lose out to a more value oriented chip stop >> there's an enormous buy fur indication you can go to nvidia that's 92 times trailing i'm surprised that no one's brought up the other headlines out of the tape here, which talk
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about a crypto mining card, which they expect to produce revenue in q1 of this year the crypto mining in the last quarter. these are reasons why this stock trades at a premium. i think we've also forgotten that the auto sector has made a major come back. the automobile chip business was up 16% they're all areas that deserve the premium. this has done nothing since august i think it's something worth watching and maybe people have seen relative value, but nvidia should trade at a premium. i don't see the premium coming out of it in the short to medium term, and if anything, i think you're buying weakness >> in the hay day of bitcoin, nvidia went sharply on the expectation that mining would continue at the pace it was at this time. now, you could buy a micro
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strategy, a square or an nvidia. >> that was the old heyday this is the new one. >> right >> right no i remember it was sorts of the bust and that sort of went away as sort of an individual line item, kind of, but i think there's other ways to play it. i wouldn't play bitcoin through nvidia to dan's.it's up a little more now, not -- 2%, that's a high barr you've got to have a quarter like this, you know, which was outstanding, just the magnitude of the revenue beat is so impressive that's a high bar. >> yeah. >> that makes me -- hundreds of points ig i wouldn't have bought it it's a tremendous job but it's a little scary they're on the high wire >> coming up, late breaking news on moderna vaccine katzi wood is roltyay.
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the details and much more "fast money" after this break. and in an emergency, they need a network that puts them first. that connects them to technology, to each other, and to other agencies. that's why at&t built firstnet with and for first responders the emergency response network authorized by congress. firstnet. because putting them first is our job.
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welcome back to fast money money. carl quintanilla hosts the path forward, focussing on small businesses 8:00 tonight check out the arkk innovation. down over 9% this week the moves by this fund have been watched. news cathy wood bought shares of tesla stock. it's up 6% today they've developed quite a following. one fan in response to jim cramer saying our generation
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loves her. for more, let's bring in andrew mcfore began great to have you with us. >> hi. >> we're discussing the move in tesla owed and the fact that we learned kathy has gone in. can we trace that move back to her. does her etf have that kind of power? >> hsure the end of day move is after the fact that she told you you're in the stock. that's your reddit crowd saying we do what she says to do. i don't think yet her kinds of trades where she was buying in the morning was what kicked tesla higher, obviously their etf went higher as well. the market sold off at a 940 low. she buys as an nugs. arkk plans out the impact
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they're going to have on the market the etf trades at market makers. they are handling the interday of all those stocks, right when the etf goes up, the market maker is selling etf and buying the stocks when etf goes down, they're providing it to the public and then selling the shares. right. making the move go on. so cath. >> the question i have is the illiquidity and this is an overall question, but it's not in tesla again, we're not here to -- she's done an amazing job. she is clearly seen as a cult figure of sorts and good for her for that there are things in the portfolio that are disproportionately large to their liquidity. >> right
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>> not necessarily how big it is >> right so i'll give you an example for scale so everybody can understand what you mean karen, let's say you and i -- i come to you with an idea and say i've got $10 million i want to launch this portfolio around technical indicators. i'm going to trade that portfolio ten times a year and it's going to make 20% the market behaves as i think, behaves ten times as pm gs and it costs zero byes to get in we raised $2 billion just like cathy wood has, right? now -- let's say all that's the same everything's lined up perfectly. however, it cost me 200 bits to get in and out of those names. every time i trade, i trade at ten times. that's a 20% drag on performance.
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the strategy returns 20% so that's what could happen in this idea of the smaller cap stocks it would be very hard to say that she's not having an impact on those names especially with you add the reddit crowd following her, maybe not necessarily buying up, i'm sure they are, but they're buying the names that she has, and that's buying a trade after the fact. it's buying a crowded trade after it's already crowded, and i would be aware of that >> let me ask you something on the heels of that. does she have to disclose her moves or is she cluesing to close them what is the -- >> that's a great question it's an accurately managed etf we've seen problems like this in pass sieve etfs where the trading pros know these moves are going to happen. it's out there to happen she certainly doesn't have to disclose -- she did not disclose yesterday that she was going to
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buy tesla on a dip all the reddit people would have bought it. so she has to disclose there is a period where she discloses outside of the 13 f, certainly to the market makers, because they need to know how to hedge, but it's an actively managed process and it's not a cut and dry, here's my portfolio, 30 days, here's what it is. i'm going to tell you what i do before i do it we talk about if stevie cohen had an etf, it would have been brilliant. why didn't he do it? he doesn't want to tell anybody what he's doing before he does it >> andrew, thanks for your insights we appreciate it >> thank you so much >> guy, what's your take on all of this? it's -- i don't want to get wonky but this reminds me what happened with goldman sachs commodity inl decks. they had to do certain roles certain days of the month and
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the market would get ahead of them and in our language, run them in. that could potentially happen here with wood i think she will adapt like all baseball players do when pitchers start to figure them out. there's going to be a lot of people trying to get ahead of whatever positions, whatever trades she has to put on it's going to be fascinating to see how this thing morves over the next few months. >> coming up, our options markets predidn'ting airbnb will go higher. moderna just released new findings on its covid vaccine. we're joined by the ceo.
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join us, the defenders, in our mission. cybereason. end cyber attacks. from endpoints to everywhere. >> welcome back to "fast money." moernda surging after it said its vaccine of the south african variant is ready at this point in time with the economy on hopefully the cusp of reopening, is this still a trade or do you go airlines, concerts, hotels travel, you know, expedia, etc >> yeah. it's interesting i think karen would say play the
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down stream. karen has said correctly that i hate to use the term, but it is a show about trading and finance. better position to monetize things i think that's what you're seeing now it's not only about the covid virus. it's about everything else going forward and what moderna has figured out. at ten times or so potentially next year's numbers. you can start doing the math i think the down side has been this 115, 120 level. who knows what the up side is? yes, i think you can play moderna here >> karen, is your view on this changed at all now with the new variants and the need for moderna to continue to test potential variants of a vaccine? >> well, i think beyond just variants, right, i wonder is this going to become the kind of thing where you just get this
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flu shot or mixed with what i think was a more traditional flu shot every year, and instead of it being this one or two-time giant thing that it's a recurring revenue stream that changes the idea of valuation, right, when you get recurring revenue. that being said, though, i don't own it good for them. the whole story is so extraordinary what them and pfizer and others have been able to do. i think the story's changing in a good way for them. but i don't own it >> we can be sure or have some certainty as to the pricing of this and that the pricing won't become a -- you know, the vaccine won't become a commodity, so to speak that's another key element to this whole puzzle. >> yeah. and then you have the risk of downstream, you know, going generic, that sort of thing. i think the big innovation is the rna technology, right, so their ability to attack new
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diseases, so this company is going to zero revenue to expected $10 million dollars and trading five times sales one of them said expect 11 times earnings i think the mark will give moderna a pass, especially as we don't have a ton of disability as to how long this disease o might be with us or what the boosters look like or other variants if you see this thing back below the levels he's talking about, closer to a hundred, i think people start to buying it there, with two fists. >> i think there's a lot of different ways to attack and to discuss, to analyze the moderna valuation. let's also take our hats off to moderna and to the pharma community for extraordinary speed, extraordinary, you know, just expertise to get the science to where it needed to go if you heard the ceo today, he also talked about they're going
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to possibly be ramping up to 1.4 billion doses next year. look at it this way. you did ask about the reopening trade, and look, i just -- you know, look at the price of oil this isn't just about a weaker dollar this is about demand and supply getting on board look at the way the airlines are trading almost as if they're not going to be running into hode wi head winds that we think that they will. the pent-up dynamic is such that you're going to see overshoots on the up side as well as the down side. therefore, traders, be ready big opportunities, and then at some point it's not. the opportunity's far from over on these reopening trades relative to where they were pre covid. >> in my mind, guy, and you sort of like follow the dominoes, right, means a faster reopening, means a hot oer economy, means
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more -- i mean, the dominoes go on and on and on in terms of what that will impact. >> no question and that's a conversation we've been having for months now at what point do these higher interest rates, instead of being a tail wind have been a head wind it's going to be resistance on the up side. we start getting through 1.5% on the ten-year, we start to have to change the equation a greater economy might not necessarily be great for the stock market we may find ourselves in that position in the middle of the summer we're not there now. the market is still hooking past it but you bring up the exact right question in terms of what we should be looking at in the months to come >> lisa go to meg with the moderna ceo on the phone meg, take it away. >> thanks so much. apologies for not being able to get your zoom working. let's start with the fact that
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you've shipped this version of the vaccine associated with south africa to the nih for clinical trials. you set a record essentially with the first vaccine i think you said 42 days to design, make, and deliver that how many days was it for this one? >> good evening and thank you for the invitation this one was around 30 days. it was even better than last year >> so 30 days to be able to design this really from scratch. what does this mean in terms of being able to chase the science for the coronavirus. >> we do not need the industry to do if the study like we did last year because we are just changing a few letters on the
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message which struck the cell to make a new spike, a different one, and so thousands of people and because it's a boost, that will only be one dose. as you can imagine, you try dose available quantity of vaccine and we send out those will be 15 micro gram, the prime vaccine dose, and once you figure of the bill, that's a good antibody, you just the faster you draw your neutralizing anti-bodies >> and you've also made announcements about your manufacturing capacity, making investments to potentially be able to make 1.4 billion doses at the 100-microgram doses maybe 2.8 million doses
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available in 2022. the fact that you're working on variant booster ideas and boosting manufacturing, what does that say about what you expect for how long covid is going to be with us? >> as we've said for a long time now, we don't think covid is going away but we think we've arrived vaccine technologies, we're going to be able to get covid under control, reverse numbers and we've learned to live with it we have a technology today that makes this possible and within the manufacturing, we are in daily contact with governments around the world, of course the u.s. government and we are seeing a lot of demand, because people are realizing that the vaccines are very high efficacy, that the speed is second to none in the business, and because we can combine different amounts in the same dose, we can do better surveillance, you know, so what
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we do as a expect is that we're going to be tracing, it's fully under control. if it requires us to do it three months from now or six months from now, we would do so we test those variant concern into the clinic. we can combine sfwheem the right boost. because of that, we think that we have to increase capacity to do the right thing for the world. 1.4 billion, the high dose, but even we're going to be testing 50 micro gram and lower. it would be 2.8 billion depending on the product make and the final dose it could be lower. >> i wonder about your plans, also because your first variant specific vaccine targets the variant that we associate with south africa and now is spreading to other countries in africa do you have plans to test this
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vaccine in those countries where this variant is circulating? and your vaccine, i think is emerging as a premier vaccine that rich countries want and have access to but will poorer countries have access to it, too, if it was the best one for the variant there >> the regulators believe like we do as well from a scientific standpoint that vaccinating, you know, those clinical studies measuring the antibodies and testing that in vitro against the virus is a very good way to prove scientifically that the vaccine is working, making the antibodies, to get the type of protection as we saw last year we're extremely committed to our success. we have quite a number of partnership from countries like colombia we have a lot more in discussion
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for 2021 to unicef which is a procurement of of we can start shipping to lower income countries >> all right, we'll leave it there for now. we appreciate you being with us. sounds like there will be a lot more news coming from you guys thank you again. >> thank you, meg. >> back over to you. >> thanks meg terrell for bringing us that interview let's move on to airbnb share. they are jumping ahead it's out tomorrow. let's bring in mike co for ow options are gearing up for this just a moment debut report so right now the options market is implying that this will move about 10% higher or lower by the end of the week. that's not that much, considering moved just under 7%
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today alone. maybe you would expect a little bit more most of the flow over the 20 days outpace puts by two to one. that continued today it was three to two today. the weekly 200 strike calls, 4200 of those were trading for about $9 the reason it's lower is because a to rally we saw in the shares today but this is among the popular stocks among people trading small sizes. >> tim, airbnb or marriott >> think marriott. look the valuation of airbnb was turbocharged out of the gates, and up think there's still a lot of room to proof of concept here not that their business works, but they can make money and not burn through a lot of cash i look at the hotel opening trade and i think if you look at the marriott story or hilton
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vacations, these are stories where actually you are seeing free cash flow generation. you've seen recovery a lot faster i think the pent-up demand means they overshoot on the way back >> thanks for that we'll see you friday, friday being the full show of options action, 5:30 p.m. eastern time should we call her farmer jane >> well, not quite yet, melissa. the pandemic has been good to farm equipment makers as many nys icans have left the city a ma have gone into the woods to grow stuff most of it legal when "fast" returns. 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.
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by banker nick penfield. it was his vacation home now his permanent home because he can work from here and he discovered on the property a wild apple orchard he's taking up hobby farming, starting with a deere mower and he plans to spend 25 grand on a small tractor next >> right now john deere's been offering 0% financing. i'm sure there are other manufacturers who can do that. so you can buy a tractor with no money down and have the equivalent of a car payment. so it's attractive >> small tractor sales are the fastest growing seg jmgt of the industry they've seen sales of the under 40 horsepower machines grow close to 30% last year but it's also seeing higher corn and
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soybean processes, showing off new machines like robots which help with the annual labor shortage problem >> interestingly, our strongest market forecast is north america and south america. in combination with a more local thing and a global thing, and that is pent-up demand in north and south america, there's been a few years where farmers have held off on purchases, so now they're coming back into the market >> it's kind of a win-win. they hit an alltime high deere has done almost as well. deere raises dividends today 18%. back to you. >> i feel like er visits because the tractor accidents are going to go up, too. >> you're a city girl at heart >> yeah. well, these are all city people, really, right? so jane, thank you great to see you as always
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>> take care >> all right, dan. you flagged industrials here on the call best looking chart >> look at that xli, the s&p industrial select etf, it's breaking out to new all-time high, it's been in a consolidation and if you like that tim has been all over the boeings, and guy has been an animal as it relates to cat and deere. that's how you play it i think that's a good looking chart and it will probably go to a hundred. >> who knows we've been talking about caterpillar since the spring i think you can stay with caterpillar and analysts will have to start jacking up the numbers. apparently jane rented a car and was going 25 miles an hour on a highway because the check engine light was on kchlt you imagine
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the irate people that's pay-per-view for me, just an fyi >> tim, what do you think about what happens to all these tractors after the up and down ings and people go back to city living >> i'm a buyer of one at least my john deere lawn tractor, i might be the only guy who cuts his grass, much to the embarrassment of the neighbors, but i do i think you have some trends, trends in organics and food safety that are not just in high droe uponics and some of the things we talk about but also in the light industrials. are these trades that are pandemic only? no way and i do think that that's part of this migration out of the city and people that are doing more at home >> all right next, we've got your final trade. stay tuned [music: “you're the best” by joe esposito] [music: “you're the best” by joe esposito]
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welcome back to "fast money. want a check on shares of nvidia it is down now by about 3% the stock in the after hours was initially higher on the back of its results, which by all accounts, huge revenue beat. we'll see how this trades tomorrow nvidia shares down now about 3%. tim seymour, what do you say
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>> the breakout in oil is really something, i think has continued legs to it slumber jay, hated, fewer and fewer oil service plays. >> stan. >> we talked about that xli chart breaking out i think you use about a 90 or so stop to the down side but i think this is going higher >> karen >> we got one of those little tractors, too. i don't know if you ever saw my husband, middle market lender on a tractor. >> i have. it's quite a sight. >> it's quite a sight, yes with rates going up, in this market i'm looking for value and i found it lowe's, earnings today, they were foreshadowed yesterday by home depot but i like it right here >> we should note that nvidia was lower but gamestop is holding strong it is higher about 60% on no
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news what do you say? >> i will tell you that once a year karen eats candy, that's tomorrow an early happy birthday. obviously this is all the eddie arnold, for you fans out there >> that does it my mission is simple, to make you money i'm here to level the playing field for all investors. theres always a bull market somewhere and i promise to help you find it. "mad money" starts ow. 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 not just to entertain, but educate and teach and put this into some sort of context call me at 1800-743-cnbc or tweet me @jimcramer. how do we get younger investors back on
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