and sarah crazy final hour we end at 1.6% on s&p, similar for the week as a whole. and the russell even higher today quite significantly but lower on the week. >> what did the investment say the best final hour of trading since back in september. there really was some buying appetite into the close and it was a pretty bullish signal. >> it was a great hour, two hours of "closing bell." >> it's all us we'll take credit. >> i'm brian sullivan in for melissa lee. this is "fast money. tonight's trader lineup. steve grasso, brian kelly, jeff mills and bonawyn and tonight china tech stocks falling hard if you own these do you sell or load up? we'll get answers. stuck in the suez, another attempt to clear the blocked ship failing, economic impact

jamming up more than the cargo itself, you need to see the big pop today. and then your chart of the week lutz -- losing half its value since monday and has one trader hitting buy, seeing the value in that name, can you guess wheel bring it to -- we'll bring it to you ahead. all of that, let's begin macro. you heard about the frenzy friday finish. let's check out the tale of the tape the s&p 500, sluggish much of the day. doing nothing. hey, take the day off. nope because then later in the afternoon buyers came in stocks surging right around 3:00 p.m. all of the major averages finishing at their highs of the day and with that gain, not huge, but a gain, the s&p 500 now at nearly 6% this year, not

including dividends. let's jump right in. brian kelly. bk, what does this kind of last hour market move tell you as we head into a weekend? could it be a big-time snond -- monday >> i mean, it may be what we saw is i know we'll get to the chinese internet stocks later on but we did see what looked like some sort of liquidation. what was curious, generally when you see something happen like that you will see the long positions go down and short positions go up. but we didn't see that maybe this last hour is related to that. maybe this is short covering in the last hour. we have a fair amount of news. it's a short week next, as well, might start floating a bit i think everything could conspire around 3:00 to get this face-gripping rally towards the end of the day.

>> don't make much the shift, it's got a long way to go. the guy in the back may have got it moving just a bit but we still got a ways to go. steve grasso, when you look at this kind of violent market move, by the way, the upside probably to the down side for the majority of the viewers, what does it tell you? >> well, when you look at the handful of stocks bk alluded to, the chinese stocks, or chinese-facing stocks. we all came in this morning on wall street and goldman market took its lead -- all of these names, put a blanket on the market, brian it traded that way because we're trying to price in -- >> -- we're going to get to the

chinese internet stocks in a second it's the run down, i know it's a friday i know we'll get to that the macro market, s&p, if we care, the nasdaq, the dow, what happened was it really just a gentle move in the suez that did this? the b krks theory? >> i apologize, i was getting there. the point is, these names actually push -- once these names started to rally, the names that were responsible for taking us down, it pulled the rest of the market up tremendously and drastically and dramatically when you said what's going to happen on monday is going to be a big upside monday it could be a manrgin call monday too, brian getting to the afternoon on monday a lot of people could be tapped on the shoulder and said, hey, buill, hey, sue, you got t

cover those positions, those positions are being called in. it's a flip of the coin. gives something for everyone heading into the weekend. >> we're going to get back to the market, we have breaking news on the vaccines actually. one that may help speed up the roll up as well. now back to kayla, she's been breaking news all day and has more on the vaccines now >> reporter: hey, brian, i've learned that the white house is studying whether to temporarily suspend patent protections for vaccines and treatments developed to treat covid-19 in response to specific requests from south africa and india who have longed a formal request at world trade organization to get access to these medicines and so far the issue has been tabled on the global scale but now risen to the highest levels within the biden administration according to three sources familiar with the matter monday this week a left of

deputy-level policy makers convened but told by sources on decision was reached privately, house speaker pelosi, many of the members of her caucus has supported this move and she's sent a private letter to the white house expressing her own support for surs pursuing such a move pharmaceutical companies say it will compromise medical innovation in the future but many developing nations would like access to these medicines and argue wealthy nations are hoarding some of the developed medicines, one saying, we're not all safe until everyone is safe i got a statement from the u.s. trade representative who will have jurisdictions over this issue and i believe will make the final decision, and says, they are using every avenue to

coord coordinate with their global partners. >> open that up to sharing supply chain and distribution and getting us past where we stand now. thank you for that breaking news interviewing pete buttigieg earlier, breaking news on potential mileage tax, appreciate it, thank you very much bonawyn, you might be an epidemiologyist i am not but i've said the only real data that matters right now is health data is this a market-moving piece of news for the market or just a good piece of news for the country? >> i think it's more concentrated -- listen, first thing first, i think you hit the nail on the head, we're all looking at interest rates and covid development. so it is a data point for sure i think it's more relevant to the health care sector and reading between the lines this

is probably one of the more collaborative efforts we've seen in medicine in recent history at least. i know i don't have the same hindsight or experience as others in terms of how long they've been around but i do read and inform myself in terms of supply chains being shared and collaboration in terms of vaccine efficacy and testing, roll outs, shared laboratories things of that nature. this has been at the forefront of innovation and collaboration and for us to now pare that back and part in parcel i understand intellectual ip needs to be there. we're talking about a global pandemic and the precedent set in terms of collaboration needs to continue. both intra state and intra countries in terms of developing nations. >> don't be like i'm so young.

i wasn't born in the last pandemic i'm notspeaking for grasso or bk on that one there's a lot of action around the vaccine. you were probably a baby, it's fine i know there's a lot of passion around the vaccine, we're talking about reducing hospitalization and fatalities and getting the majority of the economy, the ones still closed, by the way, half of america vuning wide open running wide open already. the ones that are still closed back open. does this matter for stocks? >> i think it does because i think it will effect more broadly things we care about like the dollar and interest ratds. rates. you had international economies developed and nondeveloped lagging on the roll out with less stimulus and the vaccine roll out slower. typically the dollar is the global currency and global

growth picks up and u.s. lags -- and you have more pressure right now is the opposite. you see the vaccine roll out in europe, japan and developing nations, that could have an impact on the dollar and obviously trickles to other areas of the economy just on today, very quickly, it reminds me that this market is very brooad it feels bad when the market is down 2 or 3% and i think this is a market cyclicals lead the way this is a broad market haven't seen cracks in credit -- industrials new highs. not necessarily the back drop you want. >> to your point, one saying the market is no longer stacked against growth from risk/reward

perspective. most of the damage done. positive note from jpm, goes to your point let's turn to one of the big pain points of the market this week that is the china-based internet stocks, many getting squashed. k web etf down 12% since monday and 15% in one month what's driving the sell off? has to do with s.e.c. potential new rules. bob knows more about this than everybody, he joins us now what is the s.e.c. going to force or propose that did that kind of damage to those companies and shareholders >> it is one of several problems china stocks had there's a new s.e.c. rule requiring foreign companies to submit their documentation about government influence and it's causing a lot of headaches for these chinese investors. u.s. listed companies have repeatedly run a foul of efforts by u.s. regulators to monitor

au audits this week -- the s.e.c. will require companies to submit documents that are not controlled by a government entity and will have to name each board member that is not a chinese official and if failure u.s. regulators could delist the companies there's huge trades in many china names. ten sent music vip shop baidu. and gsx. speculations that this is forced liquidation from some fund, someone saying get me out of these stocks and pressure on chinese tech stocks, in november, regulators stunned investors by nixing ipo at the last minute and since officials express concerns about inflated stock prices and excessive

leverage in the system add to that, backlash against nike and adidas against chinese media big issue is whether chinese companies will open the books to chinese regulators who have resisted turning over data largely because of sensitivity around the banks, energy and industrial companies they don't want to open the books to the u.s. government aggregations because then the agencies would know what subsidies these companies are getting from the chinese government >> i saw trade in regular hours trade 17 million someone's definitely liquidating shares of some chinese companies and other companies, huge trades in viacom as well. someone is getting out of position. >> that's it bob, by the walk loved your cheese steak piece the other day. bk, do we have any idea who is

shopping these big blocks? maybe grasso could chime in. >> no. listen, i don't have any insight on that, except to say the size of the blocks were a lot larger than the 13 f reporting out there. so it is either a group together, getting out, or somebody that hasn't filed a 13f yet. it's very, very curious. one thing i would say, i don't think today's selling was related to the fact that three years from now they might get delisted >> yeah. >> nobody's crushing stocks like they did today if it's a three-year type of process >> steve >> yeah, it was speculated that it was one of two funds. i'm not going to say it wouldn't be prudent for me to say the funds but there's definitely some forensic being done on wall street to see which fund, to brian's point, which fund could actually have the ammo so it is definitely circulating

two fund that's are at the top of the pile for who it could be for the seller. >> guys, thank you coming up, we're trading the all-time high club should you fade these record runs or the gains? just getting started buy high, sell higher. traders weigh in next. plus it's friday night and "fast money" fans know that means we got a chart for you. stick around and discover what name we're watching. discover the name we're watching there's your chart of the week any guesses? anybody but me we're back after this. hey, guys! they have customized solutions to help our family's special needs... hey, graduation selfie! well done! and voya stays by our side, keeping us on track for retirement... ...giving us confidence in our future... ...and in kevin's. you ready for your first day on the job? i was born ready. go get 'em, kev. well planned. well invested. well protected.

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welcome back to "fast money. good friday, everybody well, a bunch of names entering the all-time high club today names like o'reilly automative dr horton. home depot waste management that's just a few. are these gains in some of these names just getting started or is time to take your profits and run and put the money somewhere else we thought it would be the perfect time to play a little game of -- >> trade it or fade it >> look at the glowing

enthusiasm of our traders. that was -- that was beautiful [ laughter ] it's like when oliver became the 9th brady in the final season of the show that's it, we're plague -- we're playing fade it or trade it, dr horton up 30% this year alone. bk, trade it or fade it? >> sully, i'm amped, amped to talk about this name so let me go right into it i'm going to let the viewers at home know i'm trading it i'm buying, the game's very confusing but i'm buying but here's why, we're looking for companies guys pricing power inflation comes down the pike, looks like it is, who has pricing four well, there aren't as many homes for as there used to be, supply is reduced and dr horton has the ability to raise prices. at some point in the future it becomes a problem but that's not

today's problem and i think this break out is just getting started. >> bonawyn, do you agree >> well, i agree with a lot of what he said but came to the exact opposite conclusion so i'm fading i hear you about the pricing power but what is informing me and others being informed of is valuation. what i see in dr horton is slight premium in terms of price earnings on forward bases so in terms of passing along prices, return metrics, everything on the balance sheet, there's not a lot to be part in parcel between dhi and pulte hopes and others for me i'd rather buy with a lower valuation with a the same time of upside. i'm going to fade it for that reason. >> there you go. you just made a market, you two. staying with the housing related play home depot, staying hot, up 13%

so far this year steve grasso, trade it or fade it how much more does hd have in the tank >> first of all, i'm going to trade it let me get out there and say why i like these napes -- names when looking at a stop at all-time high, odds are, it's going to go higher because it breaks out of some sort of trend, some pattern and the rest of wall street analysts are chasing and wind up pushing things higher with price targets. home depot has more difficult comps moving forward but people are staying home more that's going to be a trend, brian. about 15% of the workforce will remain home. you look around your house, everything needs to be fixed, you stay on that trend, home depot is trade it, buy it. >> everything needs to be fixed around the house, that's exactly what my wife said. jeff mills, trade it or fade it on home depot?

>> so listen, this is sort of a half-hearted fade/would you rather, glad melissa's not here because i'm not playing the game right, but i'd rather lowe's when looking at lowe's and home depot. you look at restoration hardware they're telling you people are spending money on their homes. i think lowe's is the upside fwauz i like the valuation spread, lowe's at 19 times forward home depot 20 times forward. i think the chart is more convincing for lowe's so fade home depot. >> all right we just made a market in both i didn't know all of thethings wrong because i can't even change a light bulb without falling off the ladder next up. o'reilly automative. shares up -- >> -- you don't need a ladder. >> great point, sir, you win the

contest. show's over. anyway, bonawyn, trade or fade it. >> fading this as well similar logic as expressed with dhi when i looked at o'reilly versus auto zone o'reilly is trading four or five turns more expensive you look at margins and growth, all these things are very similar. this is what is informing traders. i will go ahead and krz get a similar company and pay a little bit less for it. >> bonawyn, fading o'reilly. steve grasso wins 14-2 to everybody else thank you very much. coming up, it's your chart of the week. why one of those four gentlemen are buying that name there's the chart. it's next. back after this.

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all right, welcome back. it is time to reveal your chart of the week. that stock, just handed in it's worst week ever. falling 46% since monday it's discovery bk, you bought a bit of it today, why >> yeah, i took a nibble i'm not saying there's value here, not saying i have insight on the company last friday this was trading near $75 and it's been cut in half did the prospects of company and their business change by 50% over the last week, i don't think so, so i'm taking a shot at it over the weekend. >> all right, fireplace kelly thank you very much. time now for our final trade, let's us go around the horn, starting with you steve grasso.

>> oln by buy. >> mills general >> s&p global is going higher. >> bonawyn >> docu sign watch that $200 level. >> bk? >> i like my stocks on the trashy side, waste management. buy it >> great stuff that does it for "fast money." don't go anywhere," tis opon action" is next. but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee

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happy friday, "options action" fan, i am brian sullivan in for melissa lee as always, we've got a big show for you on deck. here is what's ahead >> location, location, location. that's what they say about real estate but carter woj says it's more about know wrg you are on the charts he'll explain. then, perhaps you're checking out some local a real estate while walking your new dog, pandemic