given be d commentary on archegos time for final thoughts. >> nailed it mic? >> congrats for pulling that off. that's all i got. >> that's all we got, looking forward to tomorrow. that does it for us, "fast money" begins now. >> i'm melissa lee, this is "fast money. tonight's trade deadline, guy adami, tim seymour, jeff mills we begin with big news on discovery, sharing dropping after hours on news with david who is on the news line, what's the latest >> we thought the sale of the blowup of archegos the family office had been completed and we all know already the losses taken by prime broker led by credit suisse at $4.7 billion more at $2 billion and to my

surprise discovery as well believed all sell of its stock was complete, but late today after close it was clear cs had 22 million more discovery k shares and 19 of the a shares to sell a sizable amount, well over $1 billion. $1.4 billion worth of stock. something like that. again, something of a surprise given there will been an expectation everything had been liquidated, losses already taken by cs. some things unclear whether this will add to the loss or is already incorporated in the estimates of what they would lose but again shows reverberation of the blowup of that family office and bizarre behavior of the one who ran that firm -- it's not yet over. perhaps it is now. that's the expectation when it comes to discovery that's what we got in terms of

late in the day training. >> from the shareholder perspective the problem is the word perhaps it's done when credit suisse announced lot there was that they counted the loss and then credit suisse comes out with now discovery the shoes keep dropping. >> yeah you're point is good when they announced the 34 million viacom we thought it was cleaning up everything left. we were waiting and hoping for a bounce in the stock they would benefit from that did not take place. given discovery was not part of that sale -- by the way, there's another company sold today, iq is the symbol, you may know it far better than i do, that's also being sold as part of cleaning of whatever is left, we expect.

at this point there's an expectation that they're done but to your point, melissa, given how opaque everything has been involving this situation you can't be 100% certain. >> you got to wonder who is the buyer on this side i mean, if credit suisse comes calling and says we got blocks of shares, who said, yeah, yeah hand them over here because we do believe that this is the end of it. >> right listen, i would note that relative performance of discovery versus viacom viacom up 6% and discovery up 30%. so it didn't suffer as much as a result of the sell off liquidation of $10 million fund as we know on everage. he wned, that's still to be told but the percentage ownership he had ofs this companies is truly remarkable. we're still learning >> david, we appreciate you calling in david faber on the news line for

us tonight iq is i che a chinese company, we've certainly seen selling pressure, mention bip shop and iq, we seen pressure on ten-cent music in the past. what do you make of this >> i think they're the same chart, if you look at discovery's chart, this may be david's break in the news, always doing a great job. most people know discovery and most know viacom an the charts are very similar, in fact making new lows when we thought a lot of the worse of this had taken place and gone through the market a week or two ago but same thing with ten cent music i'm still a shareholder in ten cent music looking to nibble and add because nothing's changed with this story, they're called online streaming social media services of china. same story the volatility of some of the

names less liquid it's easier to push around. i think it's the same chartier. >> if you're a holder of credit suisse, jeff mills what question would you ask tonight? >> it's clear you want to know where things stand in terms of liquidation. i've been quite frankly surprised how european banks held up in all this. look at default swaps not a great deal of strain there it's interesting telling perhaps in theent ire macro environment. relative to the two stocks i talked about this when the news first broke we sold at viacom at 55 on the way up i think whether talking about viacom or discovery at 24 or 25 times forward they're both too expensive. i do think they look a little bit more interesting at current valuations viacom perhaps more so, given its just add it's 200 day support and looks to be holding. perhaps more to go for

discovery. >> viacom raised money and it's a different story with just a turn lower guy, all of this happening of course on the eve of bank earnings you got to think archegos is going to be a topic on those conference calls. >> that would be the first question asked earnings will be great . if you heard what credit suisse said last week $4.7 billion loss. my numbers might be off a little bit so please don't at me. but you know $1.5 billion all in that suggests they had a remarkable quarter, but for this the story, and i don't think we're suggesting underlying stocks the story is credit suisse they made a trading decision, david faber alluded to it they didn't just discover -- no pun intended -- they had $22 million and $19 million of discovery aid lying around they made the decision the market would bounce and we would artfully get out of this but that wasn't the case so it was

more about the decision making for credit suisse then any of the individual names >> or the prowess of morgan stanley that dumped its exposure prior to the stocks going down what's your point. >> to guy's point, it's inside the huddle chat when you work in an upstairs bank or broker house when you see something sell off 50% or 60% you're always thinking it's going to bounce and you're always trying to play trader, especially when you have the loszs on the table -- losses on the table. but a morgan stanley who is ahead of the curve demands the questions all the way around, i know we're tired of the statement, what did you know, when did you know it for individuals that trade, it's a trading show, i've been asked a bunch of times in the last handful of days when do you step

in in a viacom or discovery, and when you see things off this dramatically you want to step in i think we're very close to that level but obviously with the news today it makes everyone scratch their head but we're not looking at losses of 40 or 50 from here. so i think you're safe to dip your toe on the buy side. >> discovery shares down almost 4% iq also down about 4%. we'll keep an eye on those meantime johnson & johnson shares falling as fda and cdc recommend pausing the use of the j&j covid vaccine. now meg with new details >> hey, melissa. they've seen six cases of very rare but severe form of blood clot among people who received the j&j vaccine out of 7 million who have been vaccinated with the j and j

has a -- they know there's similarities among patients, all women between 18 and 48, their symptoms occurred 6 to 13 days after they were vaccinated the fda and cdc are putting this out there so people are aware of it, and have time to look into it and want people to know alternative treatments with the way you treat blood clots is required because one medicine helperin could be detrimental. outside advisors of the cdc will look at this tomorrow. >> it's entirely conceivable making no prediction that there may be restriction in an age group, they're working very hard to answer the question you're asking >> dr. fauci emphasizing they

haven't seen this with either of the other vaccines, pfizer and moderna, there's been many more doses of those 99 million of pfizer 85 million of moderna, compared to 7 million of j&j who got on the market later. how could this effect american's ability to get vaccinated -- >> -- this announcement will not have a significantmpact on our vaccination program. we have more than enough supply of pfizer and moderna vaccines to continue the current pace of about 3 million shots per day. >> and of course this is the supply situation that we're looking at for those vaccines, this incorporates johnson & johnson, even if you just look at pfizer and moderna we heard

from pfizer ceo on twitter saying they expect to deliver 220 million bythe end of may, enough for is 110 million people and moderna 200 million by the end of may both 300 million in total in july we heard from both companies moderna just gave a six-month update on efficacy more than 90% six months outlooks very similar for pfizer. >> even more effective still than the flu vaccine six months out. a lot has happened since the story broke in the 7:00 a.m. hour this morning when we were both talking about this, one thing that developed i thought was interesting there was a prognostication that this halt or pause would last just a few days or five days, is there a sense from analyst this is a realistic timeline, people have to self report and investigate

cases, it seems it would take longer than just a few days. >> yeah it really depends on what they see in terms of the strength of the evidence it's really going to be revealing listening to the cdc advisors tomorrow discussing this in the meeting from 1:30 to 4:30 and they'll vote on recommendations for the j and j vaccine and we'll hear them try to figure out if these clots are higher than what you see in the general population and can make recommendations to make the risk benefit something that's acceptable nobody is saying they won't do that or how long that will take but that's the process they'll go through, they say a few days we'll see how it goes. >> meg, thank you. meg tirell the market action record close for s&p 500. losses in the dow. and some parts of the reopening trade holding up, southwest, norwegian and hilton posting

gains. is this -- this comes after the knee-jerk reaction from johnson & johnson what's the market tell you about this. >> if you watch steve grasso on twitter at 8:00 a.m. this morning, within 20 minutes of this news coming out said any weakness on the back of this j&j headline should be bought and he is spot on people don't want to make light of this but for the broader market there are a lot of reasons to be bearish this is not one of them. the way j and j traded today was very good in earnings. it's a big story, worth talking about, they did erving right in terms of what j and j did in terms of what the vix and broader market did illustrates that. >> specifically in your tweet, grasso, you said continue to buy the weakness in iwm, small caps.

>> right, right. and for me, that's the reopening trade. and the overall market i think to guy's point, we don't want to belittle the issue going on with the six people, but there's more than enough vaccine out there from pfizer or moderna and when you look at the iwm that's been in the center of the reopening trade, it's been the center of rising rates, everyone rushed for safety so rates came in just a touch. so i thought that would be more of a buying opportunity for the iwm going forward. >> that allowed the tech trade to go higher jeff mills, how do you interpret all these cross currents today >> well, just about rates and tech, we talked about this late last week but that's been my thesis for the past couple weeks. i think we continue to see sideways to down interest rates, that probably does ease the pressure we saw on technology. i think looking at charts of facebook, apple, amazon, netflix, they all look very,

very similar, there was under performance, they all tested technical support and are pushing above new highs. i think that's the pattern we'll see play out going forward relative to this, i wouldn't have been a buyer of j&j on the vaccine news, that was good, wouldn't be on the vaccine news that's bad i'm more of a ibv guy which wasn't impacted today in fact it outperformed, down 15% from highs and showing support atilities 200 day so decentry for broad biotech. >> the u.s. in efforts to get everybody vaccinated it seems from a market perspective it was a win-win situation. there's a hiccup the fed will say lower for longer, rates will be tame allowing tech trade to go higher and broader markets to go higher. either that or it's no big deal, the roll out of the vaccine is successful and the economy reopens and off we go to the

races. >> the economy is reopening, it's a question of how forcefully it will reopen and good news until it's bad news when it's too good and the fed gets involved. you had half point rally on the ten year yields are back to 161 what's that number mean, guy adami thinks 161 is a street in the bronx where there's a stadium. it's the level you're at on march 5th when you hit the highs and we're all running for cover. you have effectively been sideways for a month and half on the ten year we settled into a range. had a fantastic 30-year auction in terms of a lot of demand, rates at these levels don't sound high but on a relative basis. i guess i agree with that call only thing bothers me going into earnings are the level of the market we've gone 28% on s&p since november 2nd low banks have told us a lot of great news, a lot of companies have great news, we know the

economy is opening fast, at some point normalize means time to sell >> more on the impact of the j&j news on the market bring in tony dwyer chief market strategist great to have you with us. what's your take is there an impact on the market view >> really isn't, no. as they said, the economy is reopening. thank god the vaccines are plentiful and distributed faster than expected so the j&j news doesn't have an impact on my opinion. >> ahead of earning season you're worried because you're down grading the market view. it's a rare view, it's based on four things i thought that the 60-minute interview with jerome powell was pretty hawkish it was a change in tone. so every time i am on the show i look into the camera and say the guys keep printing the money keep giving us the game plan and

keep printing us the money on 60 minutes he literally said growth was going to be strong. he didn't really hedge it. he said maybe having covid-19 come back could put a risk into it but he was very bullish in economic activity. that's the first time i've seen that follow that coupled with earnings season there's a duke university cfo survey that pulls hundreds of cfo's it comes out once a month, it is small, large company, private company, public company, domestic, international, and it hit the third-highest level in history so there's nobody on this planet that is going to be surprised by good earnings and good economy over the next six months even to the point of jerome powell saying that. >> are you thinking jerome powell saying it is a contraireian indicator or that he is starting to talk about qe

in some way, managing market expectation? >> so, mel, we try to make this different every cycle and of course the reasons for the recession are different each cycle and always ends in a credit crisis. once you're in the bottom of the market the fed comes in to the rescue and game changed it on april 9th they announced they would buy corporate debt they was a game changing event we thought. this is 2004 this is 2010 you're on the back of a monster move you've had an acceleration pending in economic activity that is very identifiable, it felt like during that ramp the fed is never going to say anything negative. and of course they do. in 2004 you had an 8% decline over few months coming from a peak in april. and in 2010 you had a peek in april and you had about a 15% flash crash decline.

i don't know which one of those it's gonna be but i think the combination of those factors as i said before plus all of the optimism and four key factic allocators being historical extremes gives the opportunity to maybe take some profit and be ready to attack when any weakness comes in. >> hey, tony, it's jeff mills, just a quick question to press this a little bit further relative to the fed. we got in23flation data hotter than expected, everyone's expecting hotter inflation given year-over-year comps talk about your thoughts on the data and how it might factor into the fed's posture in the next couple quarters. >> as you know the fed like to use core pc personal consumgs expenditure, it has more weighting, today's number was a little bit hotter, that's something we knew. if you think about the ten-year note yield we've had nothing but economic news which seemed

impossible maybe six to twelve months ago you had awesome economic news. you had a surprise in the inflation picture, was a little bit expected yet the ten year went from 177 to 161 again it's not the exact level that's important, it's the fact that in the face of all this excitement that brought jerome powell on board that brought the cfo's on board, i'm sounding he really bearish, all of those factors combined with too much optimism creates a environment right for a broader-based pull back >> we're just about out of time, tony, i do want to clarify you've been known as the permeable is this a trading call with the belief we're still in an intactful market? >> it is but it's meaningful i think we're in an early and new economic cycle. if you remember when we went long to banks and tanks last may it seemed impossible now everybody's in there and they're

about to report great earnings, as a pause that refreshes and creates an opportunity to really capitalize on the next leg higher which i think will be in the second half and into 2022. >> tony, great to get your thoughts thank you. >> thank you >> tony dwyer counter shall diddedk. when the permeable pulls in its horns that's got to give you pause. >> it does i understand the last question, once looking at the chart on s&p we get back to pre-covid levels you could have said let's throw in the, cash out, get bearish, we're 22% above that level now you're looking at 6 to 7% print in g dp. stimulus checks flooding people's pockets infrastructure coming down the pike there's a whole lot of money being thrown at this inflation should be sky-high through the roof

it's not i think this market is going to rally because what it rallied even further from here what upsets most people, at the same time, a 4500 print in the s&p that's what the market seems to do. >> unless you counter that with a record-high in the s&p 500 infrastructure gets done but at the expense of corporate tax rates which goes higher, individual tax rates which go higher guy adami there are reasons on both sides of the ledger at this point. >> i think steve makes a compelling argument. i find it interesting. one thing tony said perma right along with tom lee put it out there when he makes comments like that you have to absolutely listen, he's been stead fast in his views, not doing a 180, but clearly changing gears worth watching going into earnings season. he made the point in may seemed illogical but similar

environment. before we get out, a stadium is something we had in pittsburgh a three river stadium, a sports cathedral is what they have on 161st steet in the bronx to correct the earlier statement. >> aim zblen c-- amen. >> coming up, which name will add more money to the portfolio. we've dive into the options just ahead. first spring load for gains apple higher as technical giant teases another great event we'll tell you what to expect and how to trade it when "fast money" returns.

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welcome back to "fast money. apple with a little pep in its step today, the company announcing a spring loaded event for next tuesday, expected to introduce new versions of the ipad pro and a product to help track your devices, apple jumping 2.5%, a sizable move for a very large company, tim? >> i don't know if this is really the catalyst but the news flow is interesting and there's been a lot of different catalyst and certainly apple has been pulling. people have been forgeten their

ability to do a bunch of different things a lot of this is under performance if you think of where apple went early january 15th to 20th somewhere in there to the lows in april it under performed the s&p by 19.5%. for the biggest market cap in the world. since then it's outperformed by 7 or trend around a world mega cap tech has been outperforming in the last eight or nine days, we've charted those numbers, and really since the beginning of april, you have a case where you have more room for apple to move high ernot necessarily on fundamentals. >> yeah this event and 162 yield on the treasury doesn't hurt eth either, jeff mills. >> exactly right it's hard to find a really reliable trading pattern around some of these events, it's not

reliable but i mention the pattern of mega cap tech charts they look very similar i think it's a macro interest rate trade. the slightly hotter inflation print this morning along with the ten year yield moving lower gives me higher conviction we're in an interest rate ban and can ride the momentum in large tech for a while. >> we're counting down to coinbase as they prepare for direct lifting on the nasdaq tomorrow setting reference price 25$250 a share values the company $65 billion joining us now a board member and partner at ivp. welcome, tom, great to have you with us. >> thank you, great being here. >> there were high expectation when it comes to the valuation of coinbase some expectations as high as $150 billion what's your take on where it is valued at this point

>> i can't speculate where it will come out but i will tell you is we're hearing a lot of interest in both institutions and consumers in the name. and, you know, i think they set the reference price at a point where they think it is fair. but it's really going to depend on the supply and demand, how many consumers or institutions show up. it will be a bit of a blot test for those who think of crypto who think of it as an potential avenue for expansion like the internet was many years ago versus those who don't quite understand it. >> i get that. let's say you're a true believer in crypto or in bitcoin why coinbase we've seen transaction base business which coinbase is, 90% of revenue come from collection of fees from the transactions, that gets compressed over time

are we actually looking at a canebase with the best days in front of us with those fees going down if you're a true believer in bitcoin why not choose bitcoin over coinbase >> you can point to many anal ogdens in both you can point it many analo g in both theya were able to evolve revene streams that were much more dependable for consumers owning a highly liquid marketplace is what you need to do to expand over time i think, amazon is a great example too. when they started off people said how big can this be, they were a book seller they were able to see the

technology and invest in that. and a lot of people see buying bitcoin and crypto currency as a starting place but in the long run they offer features we call crypto native. >> tom, when you talk about bitcoin or other coins you worry about regulation how do you look at regulation from your seat and what's the discussion there? is this something that you're prepared for is are you focused on certain things coming down the pike or that's not mon on olizing your time >> to be honest at this point we don't spend a ton of time worrying about regulation, it's more about education at this point. there's a lot of lawmakers just beginning to learn about cryptocurrency and it's benefits for society and business, as you increase economic freedom.

it's more about educating the lawmakers. in terms of the regulatory bodies, for the most part, i think they're very up to speed and have been very crypto-friendly. so, you know, at this point i think the job for coinbase and for to whole industry is education than worrying about negative regulation. >> when you think of competitors, tom, who do you think of as competitors we had a full screen of the exchanges but maybe exchanges aren't your biggest worry right now. >> yeah, i think, this is an answer that maybe a little frustrating but i think it's mostly themselves. coinbase needs to execute exceptionally well there's so many different avenues they can go. it's more about what not to do than what else they can do there's just so much opportunity in front of them, honestly, it's more about them executing than defeating a single competitor. if you think of the marketplace today for crypto, very few

brokerages have added the most basic function of being able to say buy bitcoin or ethereum, if they can't do those basic things, you know, when you get to more advanced crypto abilities like staking, et cetera, they're probably years off. so i think as far as the direct competition goes that's not what keeps coinbase up at night. >> when you think of coinbase in terms of product mix will it all be coin? bitcoin? universe of all coin or other things like nft's for instance. >> yeah i think the company's mission is around both increasing economic freedom but also a dedication to crypto so anything related to the blockchain, nft's certainly are, i think could be fair game for them in the future the company's product suite today is much more expansive than it was. it's all about utilizing crypto. it's a way to uptlize crypto

it's wellwithin the company's future mission. >> tom, great to get your thoughts and thank you>> tom a r guy adami, what do you make of this i believe they're separate things you can be a believer in bitcoin, a believer in crypto and not necessarily be a believer in the exchange. >> i think that's absolutely fair i think you asked all of the right questions. his point about really the risk is an operational risk of them doing the right things i will tell you there's $100 billion that the market is talking about under terrim it'so final valt uation. golding goldman sachs with $110 billion to put it in perspective. obviously they're in the right place at the right time. a lot have said we'll see a short-term top on crypto on the back of this it's going to be fascinating to watch. you're right, you back out

everything and look at this business, does it deserve this kind of valuation? we're going to find out soon. >> no surprise or coincidence bitcoin hit a new record today and there's high correlation between bitcoin and all alt coins so it is dependent on the fate and direction of bitcoin. >> yeah, no doubt about it i think the main advice for investors is this is going to be frenzied and volatile, even a stock like tesla, no way to prove it, but given the comments around bitcoin that stock was up 7 to 8% today. going forward this is something that will be around a long time. more intertwined bitcoin gets with corporate sheets, i know -- the morend more that happens the more unlikely it is that this is going to get regulated away and companies like coinbase will be needed if you get involved, know what you're getting involved with.

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welcome back to "fast money. small caps are struggling with russell down $22,000% but may present buying opportunity jeff take it away. >> this is a good one. some small caps are ahead of themselves but this is attractive valuation 13 times forward the chart breaking out of a six-year base and retested the old high and held. they do infrastructure work almost exclusively in the united states primoris all of the trends in on-shoring and infrastructure spending will be a tail wind for this company. they have a good balance sheet and have been consistently profitable for a long time i like that they're diversifying into high growth area. they just did acquisition of a company called future infrastructure it's getting them into telecom and communications

infrastructure last mile broadband will be an area that will continue to grow that they now have exposure to and finally, if you look at their pipe line business maybe an obvious head wind given the regulatory environment we're going into, that's common sense, but they're rapidly diversifying into renewable, solar, that business has grown six times since 2019 i think, given all that, this is a nice small cap name with good valuation with nice headwinds given the macro environment. >> tim's got a question for you. >> general, what was that spike in the stock recently that took it up near $40 and brought it back down? and what's the margin profile of this company where should they be trading on ebitda. >> that was right around the secondary. i don't know exactly what the catalyst was but we bought it on the pull back that was around, i think that $35 level but the margins are actually a little bit thin so that's something to consider here

but i do like the idea that 9 the company's been consistently profit even back before the financial crisis i think the business is stable enough to offset that profitability profile. i also think if you listen to the company on conference calls they're more selective with their contracts to help with the margin profile. >> no more questions, time to vote, are you buying jeff's pitch on primoris. guy adami what do you say? >> can you read my board. >> marshall eisenhower, bradley, mcarthur. >> what do those names have in common >> i don't know. >> they're all five-star generals and that was a five-star power pitch from our general mills. $35 is where they price the secondary you buy in earnings in may. >> i was thinking are they all airports? you know,

infrastructure-related anyway tim? >> so, look, much in the way dom smith hit a home run bottom of the first in flushing today, the general hit it out of the park i'm a buyer. definitely like the story. and i do think this is a thematic play in the middle of a very, very interesting time to invest in construction services. >> steve >> i want to go with the general and give him another buy here. an the top ten clients account for 50% of the revenues and these top ten clients are very deep-pocketed, thick, bulky accounts i like the number one generator is the utilities segment that works up or down on the interest rate scale i go with the buy for the general. >> clean sweep for jeff of the traders have spoken. now your time, are you buying the pitch on primoris vote on twitter @cnbcfastmoney you will get the results at the

end of the show. coming up $4 billion move is how much moderna gained on the back of the j&j move. one analyst says those gains should have been bigger. and we'll break down key big bank names that ed tneo be on your watch list. stick with us "fast money" back after this walter, did you know geico could save you hundreds on car insurance and a whole lot more? so what are you waiting for? world's strongest man martins licis to help you break down boxes? arrrggh! what am i gonna do to you box? let me “break it down” for you... arrgggh! you're going down! down to the recycling center! >>hey, thanks martins! yeah, you're welcome. geico. switch today and see all the ways you could save.

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welcome back to "fast money. check out shares of johnson & johnson falling today on concerns over its covid-19 vaccine. the fda and cdc recommended a temporary pause of the j&j vaccine after six women developed a rare blood clot disorder that left one dead and another in critical condition. nearly 7 million doses have been administered in the u.s. other makers rally on the story, moderna and biontech all higher on the day moderna adding $4.1 billion to his market cap today alone we ask, is the move warranted? let's bring in the analyst who covers the name, a senior analyst and former strategic manager for johnson & johnson. great to have you with us.

you think moderna should have gained even more why is that? >> yeah, thank you melissa for having me. look, it's very simple, vaccines are the product profile of the vaccines are very important. you look at flu vaccine, the most expensive is $75, the cheapest is $15. the risk benefit profile, the ability to be deployed in a dependable manner, all of these things matter. we've been highlighting as early as october last year that moderna of all of the vaccines has the best product profile of the vaccines in the covid-19 group and that's clearly showing up more and more which is why we think the stock has quite a ways to run as people start to realize what it means to the business. >> in terms of your calculating on the backs of an envelope you know, a $4 million gain to moderna should be even greater can we do the math if we took 9

million johnson & johnson vaccine and times by two because there's two moderna doses is that part of the calculation, that it's going to gain market share even over pfizer because of its safety profile and now the latest data that after six months it's more than 9 0% effective still. >> yeah, it's a really good question, right. so i don't think it's necessarily -- i think that's part of the equation, melissa, i think what is more important is part of what i would call the reason to not own moderna or bear thesis was that j&j and astrazeneca would put pressure on the pricing of moderna vaccine which is most expensive in the pandemic setting and then take market share so j&j now is having issues, it's an older platform technology it's not about the 9 million doses, more so that the downward

pressure analysts saw in the future is going to start to go away, even in our model, you know, if moderna does 1 billion doses of vaccine next year, you know, at $20 per course, you can do the math, it's a 15, $20 billion business for couple years at the very least. >> hartaj, thanks so much, we appreciate it. >> thank you. >> i think it's really interesting the downward pressure the bears had for moderna. all of a sudden that goes away and it's really good for moderna and probably for pfizer too which we also saw rise in today's session, guy. >> yeah a lot of people out there think moderna could put these company vaccine business out of business based on what they have done unfortunately what we've all realized what with have lived through there will be more of these type of events, hopefully not as severe but moderna is poised to take over. i think it continues 20 to --

i think it continues to go higher as karen said many months ago out of all of the people in this game moderna was best-suited to take advantage of it i stand by that today. >> coming up, the financials in focus, big day for j p.p. morga goldman sachs all reporting earnings tomorrow, what to expect when "fast money" returns. so they can hire vilma... and wendy... and me. so, more people can go to work. so, more days can start with kisses. when you buy this plant at walmart. ♪♪ obsession has many names. this is ours. the lexus is. all in on the sports sedan. lease the 2021 is 300 for $369 a month for 36 months.

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so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. money. we've got a huge slate of banks ready to report earnings this week, interesting options activity on one of the names on deck, mike, what did you see >> i was looking at citi imp implying 3.6, higher than what they averaged last eight quarters calls outpace puts by two to one and april 72.5 calls trading about a dollar so they're betting citi will beat the plies by the dollar they paid suggesting the implied move to the upside bit the ends of the week. >> tim you're in citi. >> i am i think it has most

operational leverage to the reopening. this is the cheapest one for a lot of very appropriate reasons. i'm very concerned on price actions for the banks. it hasn't been bombastic going into these numbers but largely has and citi bank has outperformed the other money center banks i stay there i think you could see volatility and that's what options traders are planning for. >> mike, thanks for that for more options action tune in niday 5:30 eastern time upext twitter poll results and your final trade , twitter poll s and your final trade ♪ ♪ ♪

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welcome back to "fast money. time to find out if the twitter verse was primed on jeff's pitch on primoris and by the slimmest of margins, you were close, jeff, but you struck out, 51% voting they are not buying your pitch going against the clean sweep on the panel not the first time in history that's happened, for sure. time for the final trade, let's go around the horn, tim seymour?

>> that's too bad, yeah, it doesn't make me feel good either walmart world's biggest retailer, people forget about this when the tailwind is around infrastructure but more importantly stimulus is very, very strong. >> jeff mills? >> i'm going to stick with my guns here, primoris it's a good time to be selective in small cap a lot of tailwinds and reasonable valuation. >> yeah 48% did vote yes, that's the bright side of things. >> i'll take it. >> steve grasso? >> i'm going with sonos. if you look back, i own this from the middle teens. they had a supply issue, never a demand issue, people wanted their products just couldn't get enough of their product to the consumer now they've handled the supply issue, melissa, i know you're not suppose to buy a stock for mna or potential mna but this would make a really nice add on

for apple, google or amazon. the chart looks like it wants to scream to $50. earnings come out first week of may. watch this one. >> guy adami >> black stone reports i think on the 22nd. rngsink it continues to rally in eain, mel. >> thanks of my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job is not just to entertain but educate and teach you so-call me at 1-800-743-cnbc or tweet me @jimcramer. the dow dipping and s&p nc