tv Fast Money CNBC May 4, 2021 5:00pm-6:00pm EDT
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home holdings, etsy -- don't miss the federal reserve vice chair, they're talking, the fed meeting is over and they are clarifying their positions got to hear from the vice chair. >> mike, one comment on the market. >> wait for tomorrow's upgrades. >> there you go, that does it for "closing bell", "fast money" starts now. >> on the button i'm melissa lee this is "fast money" tonight's trader lineup guy adami, tim seymour, karen finerman -- steve will join us we hope tonight big names on the market getting whacked and how the traders are trading the sell off. plus lyft moving higher on the back of results, the call is under way, we'll bring the trade. later, social media stock slammed again today, is time to unfriend these names we're digging in first, did janet yellen just put the market on notice that higher
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rates are coming >> it may be that interest rates will have to rise somewhat to make sure that our economy doesn't overheat >> just hours later, the white house backed that up >> treasury secretary janet yellen on friday, she said in remarks, that interest rates will have to rise somewhat to make sure our economy doesn't overheat does president biden agree with that. >> i think president biden certainly agrees with his treasury secretary. >> janet yellen said -- if anyone appreciations the independence of the fed it's me, but got us thinking, could higher rates be on the way, change in fed policy, perhaps pressure in the white house or change at the top with fed chair jerebko only -
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jerome powell's term ending -- what do you say guy. >> -- what's it mean i'm questioning the sincerity out of all these folks you mentioned jen psaki backed up the belief from the treasury secretary i'm not sure they knew what the question was about, number one, number two, this goes back for me to march 17th when jerome powell painted himself into a corner he didn't need to paint himself into by saying we're not raising rates until 2023, we're on auto pilot going to october 2018, the wrong type of auto pilot then you have board come out april 22nd to link vaccination rates to tapering. obviously when that came out it was a bit of a test balloon. i think that's what's going on, a lot of people are floating
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test balloons off the back of the peg that powell painted himself into being bullish is being right in this market, haven't been nearly bullish enough the fed clearly has our back but some of this rhetoric has us thinking maybe the corner they painted us into -- >> the question is the market to complacent with the pressures coming from the white house. an economy roaring back. companies on conference calls talking about inflation left and right, guy mentioned bullard tieing vaccination rights with tapering, 75% he said, president biden said today he's aiming for 70% by july 4th, that lines up with the narrative with maybe higher rates should be on their way, tim >> i think they should and i think also the comments to me the secondary derivative of
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today is it's okay to have higher taxes to pay for all this spending that will lead to higher interest rates and infl inflationary pressure. i read into the market kwl capital gain tax overall tax or taxes on those who have had the lowest tax rate that was the pressure on the market but yes at some point the markets have to address all this and the minute you get the whiff the fed season the backing off, even inuo, is time to batten down the hatches because we saw how quick the vix took off you have to be concerned, you have richmond fed defining what it might be in the economy and gave a ratio of job openings to population and at least how we can begin to quantify that and started to look to the near future to begin to quantify that so it was another message in
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there today. >> you know, guy mentioned being bullish and that being the right trade through all this, talking about the rising rates, being bullish is the right thing but you don't want to stay too long at the party, any party, don't want to be the last person nursing drinks with the legs coming back -- nursing drinks with the lights coming back on so the question is whether through gain taxes, corporate raise or rapts going higher is the market about to end, is the marketing grappling with that, is that what we're seeing in the price action of the markets in the past few days or so >> well, i think for some parts of the market the party might have ended already when you look at the super high-flyer names with gigantic pe-multiples they've come in a lot. right? they're already hung over. the party is, i think, you know, not over but the best of the party is gone for a lot of those names, the one-year contract
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names, the ones, the supervisor high-flyers. i wouldn't read that much into what yellen said, i think one thing the fed and treasury want to do is be clear and that is not what happened today, i take it as a misstep and agree completely with guy's interpretation of the press secretary saying he agrees with the treasure as policy president will always agree with cabinet members and take it behind closed doors if they don't agree of so i don't read into that. with that said, we are seeing inflation pressure so it can't be rates will be forever low in the face of that pressure. the question is, are we going to see a transitory inflationary bubble or not? i'm betting this are will be more prolonged inflation and ultimately the fed will have to
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move, i don't see it in the near term, when is the time to get out of the party, i don't know i'm still in it. i'm long, i'm always long. i will be the idiot last person with the drink in hand because i'll always be long even when the fed has left the building and turned on the lights of raising rates, i'll still be there but i he -- but i don't think this is a very near-term issue. >> right grasso, what do you think, i'm going to throw this into the conversation, that is, there was a bloomberg report that asked jared b top economic advisor about jerome powell's turn coming to an end and he punted the question, he didn't want to say yes or no. i understand that. it opens the door though jerome powell says rates will stay low through 2023 he might not be
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around, he might have left the party by then. >> he might have but just think about it this way, the last time janet yellen raised rates, december 2017, what did the market do it sold off, 1-1er the market sold off 11% and tested the 200 day moving average right now it's at 3600 or there about if we -- if rates do rise, i think that will be the, to your point, the analogy of the last person in the room with the martini glass in her or his hand, that is what will happen, that will be the thing to break the camel's back but to guy's point about the travel loom and your point about that, i think the fed is perplexed, still with no sign of inflation where they think they want to have it we have a ten-year that maxed out at 1.74.
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it is at 1.59. i think she's doing it to goose people's idea that there's still inflation there. there's a host of reasons why we don't have inflation, global supply chain, back on line, technology, automation, aging of the population, they become sabres, i think we're still in a ininflationary environment and hopefully can have the goldilox approach with inflation and rates are in the sweet spot. that's where i think we are now. >> let's bring in tom lee of fun struck global advisors great to have you with us, especially on a day like today you've been an ardent bull through all of this, rightly so, so what did you make of janet yellen's comments and what would it could to your bullish thesis if the fed started throwing out the notion that rates may not stay this low for as long as we had predicted.
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>> i think her comments are appropriate. but, you know, days like this are noisy. we're only 12 months out of depression i'm not sure in the history of economic monetary policy central banks tighten so quick li out of a depression event. i just think, you know, there is going to be higher rates in the future, but talk of inflation triggering the fed to chase that, i think it's noise >> yeah, tom, listen, you've been stead fast and can continue to be but is time now to take a reallocation approach. karen mentioned, steve mentioned, some of the high-flyers not going by the wayside but clearly giving a lot back is time to adjust things seemingly becoming in favor.
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>> absolutely. when we talk to clients, institutional investors, they're more than market- weighted in, work-from-home, and mega cap growth, part of it is liquidity, the market is super crowded in those names and they're awful, the absolutely wrong stocks to open as the economy reopens. we're still in the camp that this s&p is going to make a move towards 4400 first before summer, and then i think, you know, as grasso points out probably we could have a correction towards the 200-day but the real bludgeoning will take place in that mega cap, stay at home thing, digital world of stocks, anded the real opportunity are on things what we call epicenter stocks. the rl opportunity are on things what we call epicenter stocks >> tom, i favor the chemical names, you favor energy names, and on the back of oil, seeming
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as though it wants to break out, would you be in emp? would you be in refiners would you be in services where do you see the opportunities with all of them being up, services being up the least out of that bunch. >> yeah, interestingly, i think the entire energy complex is a buy because oil structurally the energy companies are seeing the best supply demand alignment in more than ten years and oil looks like it traced through a lot of it's decline if it reaches 68 by the summer would be pretty reasonable and group like oil field services at 190 today has never been below 450 if oil is at 70. and it's never been below $600 if oil is at 80. the group ohh could almost triple 250% and move to oil that
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is really in line with the goldman target of $80 oil. i think energy is one of the best risk/rewards but ties into the idea commodities will benefit from inflation move but not creating the kind of inflation fed needs to react to. >> tom, i was wondering if you could give us more nuance behind the run to 4400 and pull back. the run to 4400 is that where the biggest draw down in the big-cap tech names happen, the high-flyers, high-valuation name, image, and likenesses. what happens on the big pull back do we see another term rotation into them? >> that's right, melissa, we're in a tricky moment and people are seeking protection in the vix because the s&p has been laboring even small caps and only a handful of sectors look healthy. we also know investors are
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really cautiously positioned and we know companies have delivered guidance that's pretty impressive, especially for some of the cyclical groups and once the tail risk come off, right now people are focused on risk from india and if india sees the improvement from health care and economic dim irn then it's back to risk on and how we propel to 4400 it's not really a level -- i mean, look, a lot of people have smb targets around that i think it's going to happen mid-year. and clearly it makes sense we're going to have some sort of correction, deep erp than the 7% we've had, i think the 10% would touch the 200-day from 4400. >> all right tom, always great to speak with you. thank you. >> thanks. >> tom lee of fundstrat. that call on oil is tremendous,
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x le up potentially 250% if oil does get to $80. so not pricing in a recovered $80 a barrel, tim, what do you think? >> tom's comment about the structural balance and the oil and gas sector is really important and where we haven't been in a long time because oil companies haven't had cap ex, haven't been able to deploy, haven't been able to grow at all cost like a decade ago, then you have supply disruption now you will have demand outstrip some of the supply dine am eickhoffs in th supply dynamics taking some out of the market if you see continued move in inflation you want to own energy best of breed talkined about oh, how about slumberji'm long, cvx. and then eog to me is really the best of those also heavily involved in renewables the business best of breed great balance
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sheet. innovative company those are names with a good run. oih and oil services lag this movement, that's the point just made, i would agree. >> in the world tom lee is ride, guy adami what happens to tech names that posted decent earnings and maybe upside surprises and haven't done nug in terms of stock moves or gone lower. >> the two names embedded is amazon and kudos to steve but amazon traded up to the september-high of 3500 and change and apparently has failed, why do i say apparently? just look at the last two day price action classic double top it should find support around 2950 that's been support before. same with apple. we talked about it the night of earnings it was trading 138 i said the stock should be a lot higher given this report i didn't know where it would go, it didn't really react and now we're at levels, 122 support
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there. the last thing, elephant in the room, i'm sure i'll get swarmed by everybody, quite frankly ten years ago janet yellen can comment all she wants about interest rates, in her current role she shouldn't be saying anything about interest rates, that's the gorilla in the room, the 800-pound elephant whatever you want to call it. the fact she's commenting is problematic, but that's me. >> it's interesting in her clarification she said if there's anybody sensitive to fed independence it's me, if anyone is capable of understanding what it would mean in the first place it should be janet yellen. coming up how to trade after the busy market we got all the big reports lyft kraerz act vision on the move numbers are netflix. . low sugar. tastes great! high protein. xt low sugar. so good. high protein.
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just say "watchathon" into your voice remote to add a channel or streaming service and stay caught up. ♪ welcome back to "fast money. we've got an earnings alert on lyft rocketing up more than 6% the company's conference call is under way, let's get the details, d. >> they're rocketing higher, volatile at first but decidedly
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moved higher on guidance it was just outlined on the call. the company expecting q2 revenue 680 to $700 million representing growth of more than 100% as lapse covid and bi bieksa -- in ebitad loss -- the rideshare recovery continues -- still questions around driver supply calling the driver shortage an industry-wise dynamic and are focused on achieving a better balance in q2 and beyond and president john zimmer said higher earnings could lead to better supply. >> in some of our busier markets drivers are earn $35 per hour on
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average. we believe drivers will return to the platform or sign up for the first time based on these dynamics. >> that's organic supply back on line and also said riders have been less sense itsive to price increases but higher driver wages and higher rider cost untenable in the long-run and zimmer responded by saying balance is the name of the game. we shall see how that plays out, melifonwu. melissa. just before i jumped on tv -- exs.e.c.s talk about the land mark ballot in their favor the company said it is a good model they'll try to replicate and cost potentially less than it did the first time they went through that battle. >> all right, thank you. be sure to tune into "squawk box" tomorrow with lyft president and co-foudner john
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zimmer let's trade lyft up 7% it sounds like it's back to pre-pandemic levels and sounds like zimmer believes some changes have been made to the business model some dynamics might persist to make it a better model than pre-pandemic >> yeah and to what deidre was talking about, the gig-worker status is the real issue we're dealing with just a couple days ago, i believe the end of last week, biden administration said they should be looked upon and he'd like them to be looked upon as employees. that's going to be a head wind that will continue through this cycle, or through this administration obviously this is a get-back-to-work stock and i was looking at a chart, right, when she was talking, it tested or was below the 100-day moving average last time in november it was below it now until it popped after-hours
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this chart is a little more devastating than uber's chart so you know what i like to do on would you rather, i'd rather uber at this point, i think both of them are due for a sustained pop higher and they could probably hold these levels i'd watch the 100-day on both you and lyft >> you like to be recalitrate but i'll let that go people going back to work may not feel comfortable with mass transportation but as cost goes higher you wonder how long this halo will last for the ride-sharing companies. >> well, especially a lot of people ended up buying cars, new cars, used cars, right i'm not sure this will definitely be a tom lee
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epicenter stock, reopening trade, i think uber is up couple bucks on the heels of these numbers, they were both impressive the numbers and guidance, so i think there's more to run. i like what lyft has been doing. i like the play of it, and selling the automatous driving which was sub scale and trying to slim down the balance sheet is in decent shape i don't own it it is not the craziest valuation. i do believe they will get to ebitad, break even, and we'll see how it accelerates from there can i would you rather myself. >> you may do it, karen. >> thank you, appreciate that. >> tim seymour, karen makes a good point in terms of single down on ridesharing if you like that trade you got to like lyft, do
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you like that trade? >> i like lyft i like uber more speaking of likes, as steve said, doing would you rather, i was thinking melissa doesn't like when you do that. >> thank you. >> you just did it you did it too. >> you just did it, yeah >> everybody do what they want tonight, all right, it's up for grabs on "fast money" play whatever game you want i will sit here and smile and read the tease. go ahead. >> well, i was a little creative in my doing it bottom line here, the investment that uber has made into their food delivery business and transportation as service business logistics erp, sounds like investments that amazon was making at times, people didn't understand it, thought it was too complex. i think this is to be invested alongside with uber and has already been proven to give them an advantage especially as we do open and operational leverage of the business they're all leaner and meaner coming out of this, they're all with tailwinds of demand and
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driver dynamics yes they'll lean into the driver experience because they have to, they have no choice and drivers are in a much better position as long as demand is this strong, it won't always be this way but right now uber is the better trade >> quick comment, guy adami. >> i respect your authority and i'm anything but recalicretn and i will b lyft who takes out the high we saw in mid-march. >> i shall smile and recent read the tease coming up -- speaking of techs options traders on twitter, details straight ahead much more when "fast money" returns.
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welcome back to "fast money. it may have been a bad day for big tech with nasdaq dropping nearly 2% but check out the resource trade led by cleveland cliffs and u.s. steel soaring to outperform, setting higher steel prices guy, we've talked a whom lot about cliffs and x for a long time now >> tim has, without question, we've all talked about it at different times. you go back to u.s. steel in march 2018 it was a $45 stock seepingly going significantly high erwhen everything went down on the china tariff front and saw how low the stock traded i would agree and tim would agree we're in a better environment now than steel three years ago and by definition the
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stocks should be higher. i'm surprised they're not higher now but i understand the stair step they're taking. cleveland cliffs, talking about a eight-year high with still an upside, so despite people saying these are over extended i understand that but i personally there's room to the upside. >> yeah, tim how about you >> yeah so guy's right, referring to good cycle, it's a super cycle is what credit suisse called it and someone who is invested through another of these in late 90's and 2005-06 and topping out in the crisis in '08 all of the ininflaflationare part of story and all going on here, china tariffs mean u.s. companies have the highest margins in the steel world with hrc prices at 12-year highs. these are very profitable companies. u.s. steel with one cent
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dividend was symbolic to say the balance sheet is not the issue, they could make a larger dividend but that's not the point. these trade higher you don't buy commodity stocks when they are cheap but when they're expensive. this is getting interesting, i think. you broke through the march 31 closing highs today and i think the stock is setting a new leg higher. >> a super cycle in some of the resource stocks, karen, in particular the metal stocks is bad news for companies that use those metals as inputs, i know you're long some of those names. >> something like a united rentals. >> or whirlpool. all of that. >> or a whirlpool. okay yes. the whirlpool. but, i would point to auto -- i would point to particularly for whirlpool thank you for bringing it up, those durable goods ordered numbers were really good today and getting back to cleveland
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cliffs, kudos guy on and tim who have been on this a really, really long time and caught the great commodity cycle when commodity's really move with french will balance sheets and really move, really good things happen to the stock. for me the most industry real thing i have would -- industry really thing i united rentals or fedex and whirlpool. >> coming up, social stocks slammed and we'll get to kr caesars --
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welcome back to "fast", we're looking at caesars up 7% on earnings, let's get all the details, contessa. >> okay. let me get rid of the call, i'm listening to this right now, melissa. here's the deal caesars joins its competitors in this blow-out demand in march, way above expectation, with 13 properties setting record,, march ebitad
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half the first quarter number, ceo tom reeg says son the call this doesn't tell the whole story he's talking about april numbers preliminary and important ebitad, last month more than 25% higher than 2019 numbers something he's highlighting on the call and these margins, over 37% consolidated margin 1,000 basis point improvement over 2019. if you would just for hold that is luck it's almost 47% margins, and by the way, april is not traditionally a strong month vegas was only 84% occupied and tom reeg says that will go higher in may and june but looking at run rate for this year of $4 billion consolidated. if you think of the analyst
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expectation for this year, $2.4 billion. they've got $100 million of free cash flow right now, they're going to pay down debt, and there's lots of questions about whether the broad reopening would lure some of these gaming customers away from casinos and reeg said the forward bookings are extremely strong, the group and convention bookings there's a vast amount of 80% of bookings brand new to caesars so looking really good for them in 2021 melissa. >> contessa thank you, and caesars now up almost 9% on the back of those very, very optimistic forecasts, steve grasso, i guess everyone got out and hit the casinos. you lock people up for a year and this is what happens, right. >> they want to do something they want to have experiences. this is worth noting that the pandemic-low in caesars was $6
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this stock is trading above $100 right now. it tests the 50-day habitually, as i like to say for this whole year or back to november, let's even go back to november, tested the 50-day 13 times t was be below the 50-day today it popped dramatically i look for it to break $104 that's resistance in the stock near-term high was 106 i'd let this one breathe a bit this is something we look at the reopening, this is less bad, so not terrible, let it breathe a little bit before you dive into it above 100. >> guy, what do you think? >> steve's right in terms of his levels, i mean, but i'll say this you know, now william held, nfl is on board, everything is absolutely on it for caesars and they're making investments in atlantic city, mind-boggling but they're on to something,
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$106 is a recent all-time high maybe you get a blow off top and opportunity to buy it back in the low $90 i don't think it will be quick i'd rather stay with this name. >> this stock is up 40 percent this year so far at some point, tim, you look at the reopening plays and think how much of the reopening have they priced in and when are we going to look forward to next year when they face difficult comps? >> well, that's a view i have, i guess, for the broader market. when you look at disposal income especially as it is channelled to online sports betting and new markets, in juj, the addressable market growth is extraordinary i think over shoot is the name of the game. at some point, and again, yeah, steve did do a great job with the levels who needs to invest in doge coin when you got really companies moving more, 6, 70, to $100 bucks it's insane.
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your question is a fair one. i think the exposure to some of the online betting casinos is something that i think they're going to have very strong numbers for the next six to nine months with so much demand and more disposal income that we're just starting to spend i think the numbers will stay strong. >> more earnings after the break, game on for activision higher in the after hours, we will dive into the trade and social media getting a slam and options traders are betting on one name in particular, we'll break it down, don't go anywhere much more "fast moy"igafr thne t teis wealth is your first big investment. worth is a partner to help share the load. wealth is saving a little extra. worth is knowing it's never too late to start - or too early. ♪ ♪ wealth helps you retire. worth is knowing why. ♪ ♪
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welcome back to "fast money. we've got one more earnings alert, activision blizzard higher after earnings let's get to josh who is listening in on the call hey, josh. >> remember heading in the last three months it was under performing on the market and off 10% from recent high, but now higher in the after-hours following this report. caught up with andrew at jeffreys who said activision is signaling confidence that call of duty continues to track well
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and suggests the next version of call of duty should be strong, he says this is a buy, the company will beat tough comps he's betting and return to double-digitalility growth next year on the strength of new titles ceo said better results driven by call of duty, war craft, and candy crush, and deep libraries and strong creative team s. demand has never been stronger the executives says the pipeline include over watch, new version of call of duty looking great, question on the call, as the world warms up now, impact on player engagement aside from normal seasonal trends, executives saying they've seen benefit from the shelter from home trend in the past year but much of the expansion is due to prior initiatiinitiatives, peop gaining more geographies and more platforms and that will continue
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back toyou. >> josh, thank you amazing what the pandemic has done for stocks like this has really helped and out of the pandemic can raise their forecast because it still helps. reopening or pandemic this stock is performing, tim, do you buy that >> you do. the valuation is hardly demanding. we talked about how some of the legacy media players may need to make a bigger splash into this, i think atvi could be on acquire mode, they could be a target, although a large one, but the price isn't terribly rich on valuation basis. from demographics we know who is playing but you brought in a much different group of gamers it's stickiness. not just because you were stuck indoors but you were exposed and i think you will see a lot more. i think you own all of these i own a tv i, ea and i own tick two. >> yeah. guy? >> if memory serves and
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generally does, activision was initiated with $120 to price targets and my sense is this will raise it this quarter tim's right he's stocks held 90 activision like a boss kids say going to december and should take out the recent all-time high i'm with tim on this one. >> grass >> i'm pushing back on be both guy and tim. all of the charts look terrible to me. i think the street expected more in february. they all sold off. right now they look great bouncing off the 200-days. but i'd wait on these. i like tim's idea about mna. i think apple, google or amazon should be buyers but all look terrible technically i'd stay away, if they can't perform during the pandemic and not at all-time highs now there's less eyeballs with kids back at school stay away. >> coming up twitter tumbling again with the rest of social
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media and options traders betting there's more pain for one name straight ahead, we'll tell you why, much more "fast money" right after this. with a hybrid, you don't have to choose. that's why insurers are going hybrid with ibm. with watson on a hybrid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you.
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there's a sneak peek at the cramer cap, jim talking to ceo of goodyear tire, the full interview top of the hour on "mad money." social gordon tokumatsus sla social stocks slammed today. tomorrow could be as well. facebook will decide whether to allow former trump donald trump back on to the platform. karen, what did you make of the action s >> so the action was kind of ugly more of a technology sell off. the names i own and look at are google and facebook. to me, you know, to throw out valuation doesn't make a lot of sense particular facebook. and then this decision with trump i don't know what the outcome means for the stock for me facebook and google i think it's noise, they reported huge numbers, the stock jumped on the
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heels of both those gave back half i'm not changing my strategy, staying long facebook and google. >> is there an outcome investors should care about tim? >> not sure i agree with karen i don't think this has been an impact on the way in or possibly on the way back in i think facebook has been more of a regulatory story, more of their ability to show that the small businesses where they own it, it's a commercial one, it's a commerce one i should say around facebook shops, i think that's a story and valuation that is cheap for a reason can it continue to rerate that's up to management. >> grasso, is twitter a buy? >> if i -- well -- >> are you going to do a would you rather right now do you dare to do that again the same broadcast >> well, you did it for me so, when i look at facebook, facebook looks like it's going to roll below 300, right about
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there. when i look at twitter that looks like it's out of gas to me as well. so i wouldn't be a buyer of any of the social stocks right now if you think about it, what's the first thing people reach for, the cell button on? it's this high valuation or in-need of growth, and facebook's not that. but twitter is snap is. a host of all of the work-from-home stocks are. but facebook i think you're safe but looking for pull back. twitter no touch for me right now. >> twitter by the way has become down for seven straight days let's get to mike khouw what's going on what are you see in the options bets. >> twitter traded 1.5 times it's already considerable 20-day average options trading volume today. the most active options were the may 55 calls that expire at the end of this week, that was true yesterday as well. but a lot of yesterday's buyers turn seller today and even as the stock recovered somewhat
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from mid day to the close those calls didn't indicating those were sellers, the trade that caught my eye was in september, somebody rolled 3,000 of the puts down to 4500 of the 45 strike puts not a big difference but increasing their exposure. by the way they opened those 47.5 puts in early february when stock was trading higher around 70 at that time so doesn't seem options markets are overly optimistic at this point. >> yeah do you agree with the options market, guy? what they're telegraphing well it looks like they're telegraphing lower i'm on the other side, i think twitter goes higher, 54 seems to be a good level. dan mentioned it couple times. had a big volume day yesterday and now elliott is involved as well i think there's legs here. i think people are too caught up in daily active users. i said it before, the ad
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engagement more than offsets the user growth, i like it, it's buy here - when traders tell us how to make thinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders—they're made by them. thinkorswim trading. from td ameritrade.
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welcome back to "fast money. we've got a sweet news alert before we close the show krispy k reme confidently filed to go public for a second time the company was taken byjb holdings in 2016 we've seen it time and time again. private, public. private, public. >> yes, well, ironically there's no pure play doughnut play because dunkin donuts was taken now thankfully there's a hole that can be filled by krispy kreme -- >> see what i did. >> donut hole to be filled steve grasso >> i think it's a great idea you know what the pandemic did,
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people who got sick don't give a crap about having a donut here and there, melissa, it's a great idea to spin this back out there's a little over 1,000 worldwide. 363 locations in the u.s i think this one is the right time, the right place, i think this one's going to be okay. >> remember that article in the journal about the yolo economy, you only live once, guess this falls into that, why not have a glazed, life is too short. time for "final trade", talk about short. steve grasso >> the only thing on my screen green tse, buy >> tim >> i want pop tarts to go public i mean, what happened to those things an anyway, pbr, oil companies, emermging markets, getting stronger, that the trade. >> karen >> yeah, i'm long pfizer they're trying to keep you alive. good earnings today. the stock didn't react that well cheap pe in a market like this
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is a good place to hide. >> guy >> just say no to the donuts, mel, just say no, you don't have to do it pen gaming earnings on friday i think could be interesting. >> need a lot of will power though thanks for watching "fast money. "mad money" with jim crame >>. my mission is simple to make you money. i'm here to level the playing field for all investors. there is 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 trying to make you money. my job is not just to entertain but educate and teach you. call me or tweet me @jimcramer suddenly it's all bad, the demand, reopening, stimulus al
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