pulling back as well >> it seems like market on better footing seasonally. markets start to imprugh in the second hatch of march. everything looks like there's a pretty decent shakeup. >> unless rates start to paul. >> that could be one of the breaks on this. >> tickup on 154 we're out of time on "closing bell." "fast money" starts now. >> i'm mel melissa lee tonight on "fast," the ugly ducklings in today's record rally. the three dharts didn't look too pretty plus speak of ugly, check out you will that beauty the stock is plunging as the co-announces she's stepping down plus big money details when we start off with what could be the best of times for the market stocks hitting record hierksz

stimulus checks going out, virus cases dropping, and then there's this ♪ ♪ never going to give you up ♪ ♪ never going to let you down ♪ ♪ never going to run around and dessert you ♪ ♪ never going to make you cry ♪ ♪ never going to say good-bye ♪ ♪ never going to tell a lie ♪ clearly, this is a fake. it's a fed meenld it's getting a lot of attention now it underscores the fact that no matter what, the fed has got your back. things will get hotter in the economy and the fed is still going to be there. could this be the best of times for the market, guy? >> it's interesting. first of all, what are those things an ear tick that you can't get out of your head you just basically rick-rolled the united states and maybe parts of the world you might think the fed has your back the fed doesn't have your back the fed has our back the same

way the neighborhood bookie had the book of the guy betting the monday night football game i understand the market believes that right now and i get some of the exuberance that we're seeing but i think it's just -- i think it's misguided to think that somehow the fed is going to guide us through this and sort of thread the needle to the other side i just don't think it's happening. oh, and by the way, i don't know who katy is and i'm not sure why she had to bar the door kchlt but look out, folks. >> katy bar the door karen, what do you think in terms of the temperature of the market the environment right now. because right now, everything holds promise, holds hope, and we know that the fed is going to do their most to keep interest rates as low as they can >> right that is true there are so many good things to point to, right, the reopen frayed, the stimulus package and the vaccines making their way

through the population and the reopen trade really strong all of that, but i feel like we seem to be up every day the last few days on that exact same news, right. the stimulus has been happening for a while in slow motion you could have seen it coming. the reopen trade was in slow motion for a while i contrast that to a year ago next week or so, obviously, the market was terrible. if i had said this pandemic is so much worse than we think, we're going to shut down, every state, you wouldn't have said this is a great time to buy. which makes me think, maybe it's not a great time to buy now, right? i can't help but thinking the risk/reward is skewed. all that having been said, i'm always long. i never try to time the market because i'm sure i would be terrible at it but it feels very frothy >> today claims were at a four-month low we got cpi data earlier saying

inflation is in a check. so where could do you stand here i understand the concern that guy states i understand the concern that karen has, even though she is still long, but it's hard to argue against this force here. >> well, first of all, we have to have a little trade school because people get very concerned when they get rick-rolled. this is when someone sends you a text that says, hey, check out this picture of my dog, it's so cute and you click on the linc and it's a rick ashley singing this fantastic song that's now stuck in all our heads for the rest of the day ♪ ♪ never going to give you up ♪ is the fed rick rolling us or does the fed have our back? i don't think it's either. janet yellen and jerome powell and janet believing the same thing we've gotten a double

dose right now very good news the fed has also told you as in the cpi numbers that inflation is transient and that this is a dynamic that if anything they're going to let the symmetry on the side of overshooting is also the market's friend. so what i worry about is when the fed is going to give us any indication of when they have to reverse field. but of course we've been most focussed on interest rates, and look at the ten-year i think the minute we fear the fed getting involved is when you'll see yields fall people believe that if you remove all the punch bowl here, you're going to see a lot of this go away and that would lead to a flight to quality i'm hoping in the short to medium-term there is an extraordinary environment. we had a 10% correction, maybe one of the quickest in all times in the mafd, a 4.5% increase in the s&p. i think there's a ton of liquidity. i don't think the world is perfect. i think there's a lot of

problems but it's expensive >> sounds like goldie locks for now, dan goldie locks >> it's interesting. you know, i empathize with guy's point about what central banks are doing. over single one of these cries ease we have and every single policy response that we get is just furthering this inequality gap which is going to be an existential threat to the globe. we've seen populace movements politically over the last five years or so and i think they're grounded all that being said, talking about the stock market here and talking about the economy and the economic response to the health crisis and recession we've had in the last hundred years. we're not in a depression. a year ago right now i would have told you that we would have had structurally high -- i did tell you that.

above 10% or 11%, something like that here we are at 6.5%, you mentioned the claims, and that was up from 3.5%, which was a 60-year low, i think, in january of 2020. they did the job we're not in a depression. yes, there's a lot of people still feeling the adverse effects of this pandemic and economic lockdowns from it risk assets don't seem to mind here too much. for all intents and purposes, they kind of did what they said out to do. at some point, throwing $5 trillion just to keep this going is going to be the issue here and that's why i fundamentally don't think rates are ever going to go meaningfully higher. we have to service all this debt globally that we keep piling on every crisis that we have. >> rates will -- it will be difficult for rates to ever go higher because of all the debt -- i get that sentiment in the market context, guy, is that actually good news, though?

that seems reverse and the opposite that's actually a good environment for stocks >> yeah. no listen, i understand we talked about, i think, one of the nights this week a rising rate environment is good for stocks maybe, listen, this thing continues to do the grind and you started with the best of times, right but you have to wonder who was charles darnay in those literature fans of you i suggest you go to the google machine. we're note going to triple like we did from august to now. i think we have this move to 2% in the near to midterm and i think by the summer we're talking about 2% ten-year and i think the market specifically some of these high flying nasdaq names aren't going to like it. that's been the pillar of the broad ever market, and if that falls, you got to look out and see what happens with the s&p. that's my view i know david teper spoke on monday he's smarter than i am and he's

wealthier than i am so you should probably almost to him. but this time i get a bad feeling that rates going higher aren't going to be very positive for the market >> dan has spotted three ugly duckling charts. charts that have gotten him worried about where we are right now. take us through. >> these charts are actually emblematic of the stock market over the last year you called them ugly ducklings i thought it was not particularly impressive with the s&p right back at all-time highs. let's talk about the big kahuna, apple. here it is it's down about 15% from those highs in late january here i think the chart looks horrible actually, i was kind of geeking -- kind of gearing up for this thing to hold 130 and play for a move back to 143 a couple of weeks ago. if you look at the break from the up trend for the 2020 lows,

that is meaningful the down trend leads me to believe you night see 1207, the november low pretty soon obviously, this is just a different ball of wax all together tesla has what i think is about to be an onslaught of competition which is going to strain the fundamentals here this chart is down about 20% from those all-time highs just made a couple months ago it's obviously had this sharp bounce look at the trend line for march, the breakout level from november look at that 200-day moving average. that's got 500 to me all over it be careful if it starts running on solar flairs. lastly, it's zoom. this is one i think -- obviously, the pandemic here great product, great service, great management they're executing now. i'm sure they're executing well in what's going to be a challenging environment going

forward. that chart is probably one of the worst in the entire nasdaq maybe it hasn't moved back to that down trend that would be near 400 or so i [ inaudible accelerating going forward all those people that you didn't want to take a meeting with about a year and a half ago, you'll be gagging for any reason to go meet somebody so to me, i think you're going to see decelerating growth and a reinstate valuation going forward. >> now maybe karen will go meet dan in person. which chart concerns you, if any? we've talked about apple, some of the poor action reports and apple's been a laggard. >> well, i'm long apple. to me, it's really driven by the fundamentals it is expensive, though, but everything in this market is

expensive. so you know i want to wait to see what earnings are and how the 5g story plays out i'm not in it for the car, for sure to me, zoom, i agree with just about every word dan said about zoom, which is hard for me to believe, but that -- great company, great management. obviously pandemic's great for them the valuation is just levitatin and even if they continue to grow, which i think they will, that it doesn't matter people are on to post pandemic stuff. so you know, what was the tail end is now a head wind that chart, to me, is the most concerning >> yeah. we've talked a lot about post pandemic, the hope, the light at the end of the tunnel. are there stocks that worked during the pandemic that you should stick with post pandemic? each of the traders have their own names. let's go around the horn guy, what's your pick? >> there's a laundry list to

choose from. but i actually chose black stone. comes out bx as we said on the block desk look at this stock in a stealth way, making all time highs every single day the environment we find ourselves in has set up extraordinarily well for what black stone does flies under the radar careen naysayers will say too rich a comparison i don't think it's the other banks. i think black stonele rivaled what goldman sachs was in the 80s and 90s. i think black stone rallies in either environment specifically, i think it continues to accelerate to the up side. >> tim, where do you go? >> i like train and technologies this is formerly known as ingersoll-rand heating/cooling systems and around the housing trade and around the durables component of where we saw a lot of infrastructure buildout, it's been a great trade

it's been out of essentially two different companies and a story that over the last couple of years this has been a bottom up story. but the top down around this deal is very, very good. the recovery in commercial hvac and cooling smts, involved in the technology of hvac makes them trade at a premium, which they do. it's not cheap these trends are going to continue and this is company is guest in class you look at the way they've executed in the last year and a half and through the pandemic, the operational leverage in the business has never been higher and they've proven that and i think they deserve a better multiple than they have now. >> do they benefit on companies that need to reinstate vamp their air circulation? >> they certainly have had that. analysts are talking about that. i think a lot of commercial systems are in need of reinstate vamp

there's some word about the commercial real estate market, especially in the big cities but yes, i think the technology and heating and air control is a big part of what they do >> yep karen? >> so mine is united rentals and it's a great company they are the biggest -- you know, equipment rental they are the biggest in the united states. they're almost entirely u.s. focused, which i like. the stock is expensive to itself, but it is not expensive relative to the market, and things that were prior head winds like their exposure to the oil and gas industry i think will become tail winds and i just like the business model in that they generate a lot of cash i also do think that there is a secular shift in the construction business of people being more comfortable renting equipment as opposed to owning it they're perfectly positioned for that so -- and you know it's expensive if we do see an

infrastructure bill, i think they're going to be a prime benef beneficiary. nonresidential construction is the biggest part of their business, so they will be right in the sweet spot for that >> dan nathan, what is your pick >> not an ugly duckling here let's look at netflix. it's under performed the nasdaq which is up about a hundred percent from that time period. i'm going to take a page out of our friend tom rogers' playbook here if you look at the appreciation of disney over the same time period since netflix got over 475, broke out to a new high in july it's gone sideways for the better part of that eight-month period or so while disney has gained, i don't know, 1 is $50 billion in market cap. i think you might see a reinstate rating as people come back to that as the disney trade looks a bit full

i think netflix is likely on the cusp of doing something really strategic. maybe it has to do with reinstate bundling some stuff, maybe yaudio. then they grow internationally to me, i think the stock is very tradable in this range since early july i think you want to buy it when it gets back down to 500 and change or so and maybe play for a breakout leader on the year and some big strategic news. >> a market flash on shares of novovax. let's go to meg. >> hey, melissa. novovax providing some final efficacy results on data we saw at the end of january for the covid vaccine. largely, the results are similar. the high efficacy, 96% against that b.1.1.7 variant, that is more transmissable

80% efficacy in south africa, efficacy at 55%. we knew that the efficacy came down there because of the b 153 variant. they had more cases of severe disease. ten cases across the uk and south africa, all of which were in the placebo group, not the vaccine arm, providing 100% advocacy against a new disease it has not net gone through the approval process and we have not yet seen the u.s. phase three data from novavax which could be required for them to file. one thing i'll point out to you which is very interesting. at the end of january they suggested that the prior infection with the original strain in south africa did not provide protection against that b 151 variant which is scary to think about. there's the suggestion of a late

protective effect. it looks like if you've been infected with the original strain, you have some protection against the new variant as well. back to you. >> meg, thank you. the stock was up 24% right now guy. >> yeah. i mean, maybe you should hedge this with buying some dramamine. this was 130 stock, traded up to 330. round trimmed it down to 116 here we are now. that's staggering moves for a pretty significant company in a short period of time so if you ask me what to do with it, i have no idea i'm surprised by the way at how poorly big cap pharma has traded over the past month, month and a half but if you ask me where to go, i think the best of class is eli lilly. >> the gavel just dropped on the most expensive to hit the auction block. we'll tell you about it straight ahead.

also, ulta beauty republican p.j. s as the ceo announces her departure. we'll break it down when "fast money" returns we designed our 5g to make the things you do every day better. with 5g nationwide, millions of people can now work, listen, and stream in verizon 5g quality. and in parts of many cities where people can use massive capacity, we have ultra wideband, the fastest 5g in the world. this is the 5g that's built for you. this is 5g built right. only from verizon.

welcome back to "fast

money. we've got earnings alert on ulta, sinking in the after hours after announcing a shift in the c suite. courtney has details >> ulta announcing a ceo transition effective in june as it reports the quarterly results, too so current president will succeed mary dillon as dillon transitions toss chair of the board for a year someone else will move to coo and renaldo will be retired from the retailers board at that time as well. let's go into the erpgs. ulta beating estimates by a wide margin on stronger than expected revenues that was actually much less than the 1 is 1% drop analysts had estimated. while transactions were down 12%, average ticket grew 8%. f

fewer checkouts. there was activity which ultimately helped those margins as well as better merchandise strategies now, going forward it doesn't look quite as good some disappointment here because the four-year revenue falls short of analyst's consensus full year comparable year forecast of 10 to 15% is well short. shares are down about 6% but off the session lows as the call is ongoing. >> thank you very much it is worth noting that ulta hit a new 52 week high today before faug in the after hours. karen, i go to you first you have been in this stock. what are you seeing? >> well, sadly, i have to say i do still own some. so i'm sad about that. the ceo change, something just doesn't smell right to me. she hasn't been ceo that long. i think she started in 2017.

there's been a lot of growth so to me on the outside, thought she was doing a good job managing the pandemic, a difficult endeavor i can't understand why they're comfortable giving guidance -- first of all, i don't understand in the best of years, but a time like this i really don't get it especially when halfway through the year you're going to make a ceo change what does the ceo do when they first come in? they kitchen sink it something just doesn't seem quite right to me here it's not cheap that's the other thing when you're a high flyer like they are and when you're prizing in a recovery and you miss a little, you get hurt a lot so i had liked the name a lot two hours ago. less now, but i'm going to let it sort of play out and see what happens. i would think you see a number of downgrades.

you should, i think, and it's not -- i don't mean to be -- i'm not knocking on kimball that he wouldn't be good, just something is off with the ceo change it certainly wasn't telegraphed well, i don't think. >> yeah. tim, what's your take? >> well, i think a conservative guide here, i thought it was going to be more than expected i think the expectation was there's no reason to get out there and be aggressive with the comps where we are they faced as many head winds as any industry, certainly beauty faced during covid lack of gatherings, masks, you name it. this leading platform continued to execute and continued to actually have decent numbers through it so coming out of it, i think they should be trading at a premium. i know they're not cheap but i think you're buying this weakness it's a category. this was great going into it and

it remains a great category coming out of covid. >> coming up, the red it rebellion is far from slowing down plus shares of docusign dropping in after hours what happened to start writing off this stock in north amer. it's also a zero waste event, which means everything thrown away by the hundreds of thousands of people at the tournament is repurposed. in 2020, wm diverted 988 tons of material and kept 421 metric tons of greenhouse gases out of the atmosphere. see how zero waste is one of the many ways wm is always working for a sustainable tomorrow at wm.com/stories.

folks the world's first fully autonomous vehicle is almost at the finish line today we're going to fine tune the dynamic braking system whoo, what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be a deep learning engineer to help make the world a smarter place does this come in blue? become an agent of innovation with invesco qqq in 2011, my co-founders tracy, chetan, and gautam joined me on a mission to put people at the heart of commerce. we've created a marketplace and community that embraces individuality. [bell ringing] together, we envision a future where technology could reinvent shopping by connecting and empowering every day people.

welcome back to "fast money. game stock lower in the afternoon session. this is the regular session crows here it's down by about 3% right now. ryan cohen, a major investor and board member sent a tweet a few minutes ago. it's a family program so we're not going to show it it's what brian likes to call a

jiffy or a gif that's putting it politely the reason we're telling you about is that the call that cryptic soft serve ice cream tweet and the stock ripped higher so we thought we'd bring to this you. i'm not familiar with the movie so i don't know if there's a subcontext to this for some reason i want to go to tim on this to see if he has any thoughts on this >> i appreciate that i didn't think luke willson was in dumb and dumber >> luke willson, is that a -- blonde guy jeff bridges sorry, i'm not -- as you know, i'm not good -- >> yeah. >> anyway, i don't know if that's -- >> the facts did that help? >> no. jeff daniels jeff daniels, that's what the people in my ear are telling me. dan. >> no. i was going to say this is a little fun fact.

my wife sarah went to senior prom with luke willson but i don't think he's in dumb and dumber >> now this conversation is completely off the rails we thought we'd bring to this you is because when gamestop stock went up, people went back to the ryan cohen tweet and said that's why the stock end up. so we're showing you this tweet now. let's talk more about the reddit stocks bring in justin jen of alternative data justin, great to have you with us do you have any thoughts on this just curious >> yeah. sure so i think that the -- first of all what we do, we provide alternative data from the west just tracking filings or stock prices, you can track where a company is hiring, two months ago we developed a reddit dataset that can tell you one of the stocks that people on reddit

are actively talking about i think recently you're seeing an interesting shift where people on reddit are not just yoroing it obviously, they may post things on twitter, but there are some individual that are providing some really advanced analysis on some of these stocks we see people on reddit talking about ltv tax ratios or using product pricings and some of the this is lot better than what we've seen from hedge funds, frankly, so you're seeing kind of that rotation into -- you know, let's say out of stock like gamestop but into, say, a tech, which are we seeing a lot of, some of the big tech names with this recent correction. i think it's going to be fascinating how this plays out you have amateurish investors who need to finance, and you have people who know finance

really well, professionals who are trying to innovate and this is the battle of that is taking place. >> we're talking about some of the mega cap techs these are such big cap names that it would be very unlikely for them to have an impact on the actual trading of the stock. >> yeah. so that's really interesting, right. gamestop and amc are slow in cap stocks they were heavily shorted, so it didn't take too much to move the stock substantially. but now we're seeing mentions of advanced microdevices for this week alone of 30%. mentions for apple are 40% these are large cap well established names in technology, and i guess time will tell how much they can woo some of these talks on reddit. but yeah, we're seeing this shift and we've just been really

impressed by the announcements that have been done on reddit. >> great to see you. hopefully we'll see you soon all right. let's bring in mike co mike, what are you looking at? >> kind of like what jump was talking about. this didn't just happen today. it's been sort of a blild up amd, outpacing put volume by about two to one a lot of this activity is what he was talking about smaller investors, very short dated. most of the options it traded today were short dated for example, the 80s strike calls that expire this week were the most active and the ones that expire next week were also among the top ten most active. most of these trade sizes are about four, five, sometimes six contracts. thousands and thousands of trades but small trades of anywhere from a dollar a

contract up to about $2.50 it is having an impact when you start seeing volumes as big as the ones we're seeing. we're talking about 250,000 contracts a day on average on the call side for amd over the last 20 days >> guy, thoughts >> 74 and change was the low back on november 2nd, if you want to harken back, and if you look to where we traded to early this week basically made that bottom in a double bounce. i think you have a tradable level. and imimpressed that you knew november 2nd you're trading against, it's had a big sel off. amd sticks out to me >> i'd as soon you looked at your phone tim? >> well, look, they have led all the way and they certainly led the move down. that's where semis were at least

part of that story even before the cyclical industrial transport story became -- i like semis. it's a long way of saying we're in an environment where will they don't to innovate there's multiple classes to be investing in some of them are deserving to have high multiples. but semis going to lead the market higher. >> we'll see you tomorrow. coming up, fedex delivering big gains. one of the shareholders is a art at center stage. at cristie's att says about the future. "fast money" is back in two. i have an idea for a trade. oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator.

voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪♪

welcome back to "fast money. the schippers delivering big gains. fedex at one point seeing its biggest gain since november. ups also climbing. so let's trade them. tim. >> i like fedex still. i think theoperational improouchlgs they've made, also

the integration and the about to use tnt and ground express b to c as much as bsks to b was part of the earlier success they moved to 270 two years ago and the move down to 90 and back up to 300. we're going to get levels last week i think the market was well flagged on where these numbers are going to be. we want to get a lot sense of infrastructure and bottleneck issues after years of under performance and frankly poor operations, companies had three great quarters and i expect another one. >> yeah. dan? >> just technically, tim laid out the fundamentals set up. they're cheap stocks trading below market mull tip m. they did get hit, interestingly. you would have thought you saw some of this rotation out of feck to some of these reopening sort of trades i think the pull forward or the adoption of kind of emerse and

t e-commerce will be a tail wind you got 160 in one, 250 in the other. you see the support levels there. and they make sense as trades to the prior highs, to me >> did you ever get a chance to add to your fedex? >> i did, i did. it's a big position for me now i have a bigger position in fedex. which is cheaper thanups they sort of layed it out as we've got a lot of expenses. i hope that's right. i think that will be right and i think the market will reward them if that is exactly what happens. it's been a turn around as well as a -- they really pivoted well in the pandemic, and i think that as business opens again and they're able to do that higher margin deliveries to business which is cheap to do many at one

time, i think that will provide support as well. i like it a lot. i've kind of put a flag in that. i have a position here for sure. >> all right coming up. docusign in trouble. we are breaking down the results of how to trade it plus the record sale at cristie's shining a new spotlight. details ahead. do not go anywhere much more "fast money" after this (vo) ideas exist inside you, electrify you. they grow from our imagination, but they can't be held back. they want to be set free. to make the world more responsible, and even more incredible. ideas start the future, just like that.

♪ ♪ we know it's going to take many forms of energy to meet the world's needs while creating a cleaner future for all. at chevron, we're lowering the carbon emissions intensity of our operations, investing in lower-carbon technologies, and exploring renewable fuels of the future. we work hard to care for the homes we love. but it's only human... to protect the one we share.

welcome back to "fast money. the stock of docusign is moving lower on result. kate has the latest. kate >> docusign with a healthy beat on earnings in the fourth quarter. its losses widen as the e signature company paid down debt just wrapping up with ceo saying the results were a reflection of the ongoing digital transformation he said it went from a crisis response solution to a business as usual solution today. he says they're trying to drive automation docusigned is well positioned

for the anywhere conomy, as he calls it net losses widened to $72 million, a jump from a year ago due to paying down debt. still after adjusting for stock based compensation and other expenses, docusign earned 37 cents. that was about 15 cents better than expected. guidance came in above expectations same with revenue. that jumped to about 57% year over year. the company saw a record net retention rates. this stock has been one of the big software winners in the pandemic it has been one of those momentum stocks that got hit in recent weeks it's flat for the year tomorrow don't miss ceo dan singer on squawk box 8:30 eastern. back to you. >> look forward to that. kate rooney. guy adami you've said that you think docusign will still be a winner post pandemic, to this

degree, though >> the memory on you is tremendous we had that conversation a while ago. i was just thinking the same thing. so the simpatico going on today is astonishing i think it will be a continued winner if you look, it's sort of been the line in the sand moving after hours is basically giving back what we made during the day. people will knock them down on valuation but you have the growth that supports it. >> yeah. i mean, i h think that we've seen how much easier it is to sign virtually and digitally as opposed to being in the same room, tim, certainly >> look. i don't -- business as usual was the right way to say it. this is not a covid stock. this is the way the world is going to operate i think the disappointment here is expectations were going to be well north of 50 on the bookings and the billings, i should say, and on the revenue line. it's a stock that's done almost

nothing since late summer and has been consolidating around these levels i think people want to see where we go with this story coming out. and i do think it's a story that's with us forever and i think business has changed around signing documents >> up next, they say a picture is worth a thousand words. for one piece of digital arts, it's worth $69d million. yep, that's right. we'll bring you details. as we head to break, we're celebrating women history month by spot light some of our contributors here's a familiar face talking about her childhood hero >> the historical figure that most comes to mind for me is billie jean king i was a very, very young thens player when she was at the height of her fame i was a tomboy and i always wanted to play on the boy's team when billie jean king played bobby riggs, i never rooted so

hard for a person until that day. i didn't realize until later all the sacrifices that she made hey, dad! hey, son! no dad, it's a video call. 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. i'm a verizon engineer. we built our 5g nationwide so millions of people could do what they love in verizon 5g quality. and in parts of many cities, we have ultra wideband, the fastest 5g in the world. this is 5g built right. only from verizon. lately, it's been hard to think about the future. but thinking about the future, is human nature.

♪♪ at edward jones, our 19,000 financial advisors listen and work with you to create personalized investment strategies to help you get back to drafting dreams and building your future. edward jones. it is time for investing to feel individual. want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g?

you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings.

welcome back a reminder, kramer is off this week but at the top of the hour, it's "on the edge." it plaut in over $69 million the 19th most expensive artwork sold on the block. mike winkleman, the take is one of the top three for living artists in terms of sales price beeple will be interviewed tomorrow you shouldn't miss that. he should be pretty pleased. dan, what do you think this seems to really throw nfts into the mainstream. >> it's really interesting brian kelly has been talk about this sort of thing for years, actually it's interesting because it's just bubbled up because of the size and some of the names associated with it ream. maybe that has something to do with bitcoin nearing that

trillion dollar market cap up in its all time highs i don't think digital art like this trades for what it's trading if bitcoin and related cryptos are not doing what they're doing. so buyer beware on the valuations, but i think it's proven the concept that's been around for a built here, and i think you're going to see this sort of thing work its way into other parts of the economy, too, going forward. >> karen, you are a lover of art. i'm wondering if this has doubt your attention, catches your interest >> absolutely. i mean, it's astounding, right i thought that 6.6 million, which i think beeple sold for recently, that was an extraordinary number this -- i mean, this is just insanity it's so interesting. we talk about the format of the work and the price and do you know anything about the work i really didn't. i looked at it today

looked kind of interesting, but still, the format and the price are what's extraordinary the work's cool. i -- you know, i think what dan said it being all related to crypto, if bitcoin weren't here, this price wouldn't be here for sure so i don't know if this makes crypto go up probably >> uh-huh. >> but certainly bitcoin coming down >> well, it's further proof of the block chain, right, of the validity of the block chain and the usage of block chains. the album that dropped last week, is it now? >> it was last friday. >> there's so many ways you can take this in terms of applications >> well, and especially in the art or the artist world, and again this is about protecting the interests of artists and being able to target directly your audience and removing a lot of the extraneous middle men and

women. so you have a case here where the nft, the genesis of really i think the instrument was really around the art world or the artist world i think we're going to see a lot more of it i do think we've often wondered of the commercial side of digital assets and bitcoin and to the extent we've talked about where a tesla or where a square makes an investment for the ability to transact in crypto. this is where we're seeing it work and this is where it's really exciting. and yes i think this is enhancing the values or the valuations of the underlying assets because of some of the money that's chasing this. >> yeah. and when tim says getting rid of the middleman, that's basically reinstate making entire industries with widespread application of this technology >> sure. >> you know what it makes me think of he said he wants same-day settlement, i think of this. eliminating that vast spans of

middle men >> i'm looking forward to the mr. peebles interview. it makes you wonder if he or she had an underlying bit coin position knowing that the price tag would be a pittance. >> interesting. >> if i follow my drift. >> so conspiracy theory. >> just some thoughts there. >> with at, thwe'll go to break. final trade is up next will there be an ev for me? what about me? one for me? you mean us? what about me? and me? how about us? yeah, how about us? great question. wait, can i get one in green? got one for me?!

hey, what about me? what about us? is there an ev for me? ev for me? us? what about me? me? for me? ♪ ♪ (dog whimpers) some say this is my greatest challenge. governments in record debt; inflation rising, currencies falling. but i've seen centuries of this. with one companion that hedges the risks you choose and those that choose you. the physical seam of a digital world, traded with a touch. my strongest and closest asset. the gold standard, so to speak ;) people call my future uncertain. but there's one thing i am sure of...

time for the final trade let's go around the horn tim seymour. >> u.s. steele could have been one of those names that are post covid trades prices have gone up two and a half times in the last year and the balance sheet is fantastic stay there stay long. >> karen >> yeah. so if it was good enough for the c black and the d black, fedex, it's a big position for me i like it right here >> dan >> yeah, guy adami name here, merck. i think you see a breakout above

75, headed back to the low to mid 80s. >> guy, have you had a time to think about that ryan cohen tweet, what it means >> yeah. because jeff daniels called me and he was upset well done. amt on the mike cocoa beware reference. >> all right thank you for watching on the edge starts now. reference. >> "on the edge" starts right now. good evening i'm scott wapner jim cramer is off this week, and this is "on the edge." good to have you with us our top takes tonight, to hell and back one year since the pandemic began, how we found a path forward and what comes next as stocks hit more record highs ev overload as car makers race to electrify is there really enough demand to go around moss's moment. how the softbank sage became one of the world's great investors after nearly losing it all and why we didn't need sports

after all. a ho