tv Fast Money CNBC May 25, 2021 5:00pm-6:00pm EDT
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many headlines >> mike, will you be looking for anything there what else should we watch tomorrow big earnings movers, urban up, nordstrom down >> more than that if a popular congress member asks about the goldman sachs numbers i'd be shocked. >> that's tomorrow, kicking off at 10:00 we're out of time on "closing bell." >> "fast money" begins right now. i'm melissa lee and that is "fast money" tonight's trader lineup guy adami, tim seymour, brian kelly, and james mcdonald. tonight we have earnings alert on nordstrom, toll brothers and zscaler, straight ahead. plus ford gearing up for a big investor day tomorrow, they've been on a tear, three big things to watch heading into tomorrow's event. and later we're trading the chips, setting up for nvidia
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going into earnings. we start off with a sugar-high in housing home sales pulling back in april s because prices are so hot, median price soaring 20% last month, the biggest annual increase in 33 years, not just new homes, it is reinforced on the shiller index showing 13% gain in all home prices nationwide strong demand. short supply historically low mortgage rates driving it higher. builders, names like toll brothers dr horton, lennar and pulte group g going higher, is this sugar high going to turn into a sugar crash tim? >> i think the year-over-year comps don't make a lot of sense in terms of prices affordability has been an issue in housing for a long time some of the migration trends we
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seen with covid may unwind do we have a housing bubble? i get asked this a lot, investment in single-family homes is overall for the sector, in other words, building out and amount of supply, we're still under invested in this country the fact that these numbers are volatile on a monthly data series, again, month to month from covid, where obviously coming out of covid there's enormous pent-up demand, rates as you said have been a driver for demand, and the affordability and inventory dynamics existed well before annual home sale $750,000 pre-covid. i think we will settle back into that range i think it's fine >> guy what do you think this is the point a lot of people will make, that is, it was a tight market before the pandemic we go back to pre-pandemic levels, still a tight market
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>> tim makes a great point when bk finally gets here from than tucket or wherever here currently residing will tell more things. with all that true ask yourself what's the fed doing hanging around $120 billion a month is the question you have to ask yourself just had 30-year highs in terms of prices. consumer confidence numbers a little soft but overall on the aggregate on the margins as they say, the housing data has been ridiculous so my push back is, i agree with tim, why's the fed still hanging around what will happen when they step back that's really the question that i think i know the answer to but i don't think anyone really does >> james we'll go to you obviously the fed has entered into this discussion, i was waiting, it took three and half minutes as to why the fed is buying nts mortgage-backed
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securities, especially in this market, as rates really seem to be capped. two weeks ago we had really hot inflation data and did not breach the march high. right now we're about 20-basis points away from the march high. it's incredible the ceiling that rates have been under. why zbr right. -- >> right the stresses of 2008 were catastrophic, the fed came together and put computer systems programs together with economists and looked at every risk to the economy and said never again would it happen coming into this pandemic the threat was so high that unprecedented actions were taken and unprecedented reassurance that all actions necessary to continue have been reasserted again and again and again. where we see distortion in economic data, particularly the housing rates, and/or inventory or demand we see the
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implications of that policy. we also have the practical fact that there was a cessation on victims and moratorium on the normal flow of defaults. we seen interest rates -- more mortgages available and we've seen a supply shock, you have all this data coming together and these are incredible numbers. i think the fed will be vigilant because the risk was so high. >> ah. >> question is, will the sugar high come down crashing, of course it will but at that point will be normal i saidation of pricing. >> all of the things you said, intelligent and smart things you said, gold star for the use of cessation, tim points me to a market that is going to have a put underneath it. the famous fed put here in the housing market well-entrenched. why not bet with this trend, that this sugar high continues and you have the fed supporting this market? >> well, i think betting, to sub
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sectors below, kind of home builders, is worth investing in. and i think we've seen that. i think the multiples of a couple of the companies, whether they be those that make hvac systems or supply engineering or the home depots or the lowe's, you have to pick your spot or the william sonoma and restoration hardware is up another 4% today icy dynamics, if the fed step in it will be too far, it's a big if, we wonder why they're buying mortgage backs, when they step in they will keep rates low by squashing out growth and it's going to be still a great time to by more home than you can afford and demand is still going to be there. some of this migration that is secular is not going to change some was covid, some wasn't. investing in the housing sector where we don't have a bubble, there's not a lot of speculation close to 2008, i say stay there.
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don't chase it stay there. >> by the way, consumers are feeling good about the economy and about the labor market those who have jobs look at the labor market and think this market is good, my salary, chances are, is going to go up, there aren't enough workers out there to fill gapt or i've kept my job through the so i'm sitting pretty so you have that dynamic too in terms of the consumer going to buy the house going i can afford the one with the pool right now. >> listen, that's exactly right. to your point about wages going up, yeah, we've seen that, we talked about it on the show last couple weeks, although the politicians will be debate minimum wage, the market is effectively doing it for them. we seen four major companies in the last month announce they're waging minimum wage. that's the final piece to the inflation puzzle wage inflation you're seeing it getting back to the bad
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behavior it's interesting, i was not a wolanda brother or family member but they did things without a net, it led to disafterous outcomes and now everyone does everything with a net. you know you have risks with that net under you, by definition you will do things you wouldn't do if that net wasn't there i'm always app re hencive when the fed is in the picture. >> it took me a minute to remember who the brothers were -- in case the audience doesn't know or remember -- >> they know. >> it's the family with the high-wire act. they do tricks, very dangerous stuff. that's your point about the safety nets. james mcdonald, in the housing market, do you like the housing plays? despite what you said about the sugar high coming down eventually >> well, we have to see the activity and respect it. there are more realtors now than there are houses available that's an incredible statistic
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if you talk to people in the home buying or home selling process there's incredible energy around paying whatever it takes to get deals done. and i think that there's a little bit of extra money in people's pockets, based on all the things we know around the covid induced actions i think there could be a continuation. i t i think supply shock on the builder's front there is a back log that is highest since 1988, i believe, where there's a home that's been sold but waiting to be construonstructed is that a word, constructed, i believe it is. but i think it can continue. there's so much discussion around this. momentum is a real thing is constructed a word though >> constructed sure is a word. going back to my georgetown -- >> you threw me off. >> cessation was a gold-star word in terms of the fed
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pulling out, there's a lot of things the fed buys to this day and wonder why is the fed in asset classes like corporate bonds, was there a problem in corporate bond market no treasuries what happened. let's go down that path before moving on to toll brother earnings what happens when the fed pulls back is the market reaction stronger because it's prone to knee-jerk reactions? and the reality is if they do stop purchasing the impact is really not that reat i don't know, tim, what do you think? >> well, the fed was stepping in seemingly to support credit markets as well, especially ones that tend to seize up and liquidity dynamics, those trickle through in money market and commercial paper, that was their argument again, going in and buying apple paper when apple's rushed to market, by the way with the best
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balance sheet, we're not attacking apple, but a lot of it hasn't really made sense the issues for credit markets overall, look, we get back to whatever normalized is, maybe we get to mid-2022 when i believe some of the sugar high of a double-barrel stimulus plan and throwing money at the window, yeah, i kind of said that, in terms ofwhat some of the stimulus has been, i think you will get to a place people will focus on credit markets again. back to the fed put and the walindas and whoever else guy can bring from barnum and bailey circus i think you have a case market without the fed and without buying junkie ts, remember the conversation i can't believe we had a year ago, that's a time to worry, i think we're nine months away from that conversation. >> hmm guy, what do you think >> what's that fancy word james
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used. >> cessation. >> that's great. it's a word that sounds like succession, while you're bringing that up, you know what happened five days ago, i'm going to educate the audience if they didn't hear or see this, five days ago morgan stanley names two khouw-presidents named two co-presidents. magically, the current ceo of morgan stanley put out a note, he thinks the fed will taper the back half of this year and by the way, we'll see rate hikes next year. he's six to nine months ahead of morgan stanley i think he believes it or else he wouldn't say it i think he's auditioning for his next job five days ago they name co-presidents and today he came out with that. for him to say that, he's a smart man and know what's he is doing, i agree with him, and i
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think he's looking for his exit. i don't know if the walinda's work for wringling brothers but maybe he's looking for his next act, tim. >> way to tie it all together. jerome powell's term expires next year. i mentioned toll brother earnings out slightly higher after-hours. let's get to diane with all of the details. hey, diana. >> it was nice beat for revenue and eps but the headline numbers are in the side contracts, value of net contracts up 97%-year ophir year & number of 85%, both record-high for toll for pricing, even the luxury builder is not having an issue with strong demand and constrained industry-wise supply we've continued to raise prices in excess of cost increases while setting all-time record for contracts and back logs for units and dollars and exceeding
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our guidance on nearly every metric they're continuing to see strong demand in the market as the economy opens up and fewer people are fleeing large cities, price point in $800,000 and rise range. this is where we're seeing the bulk of the market as entry-level buyers are being priced out of this market. >> wow diana, thank you tim, what do you make of the builders here? >> one thing they're talking about is the margin improvement. there's a tailwind although we spend a lot of time talking about lumber and copper prices at all-time high you will have to wonder where it will run, the story for home builders, it's the story of pent-up demand, the size of the contract and average selling price, and where i think you have to measure input cost which will peak in with this demand. they talk about higher margin profile should home builders trade at higher multiple, toll
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16% trailing not expensive although recommend tiv -- although relative to itself it is >> all right coming up, we'll dive into the trades, plus the keys to ford. the company revving up for investor day we will break down three things every invest jooner eds to watch. all that and much more when "fast money" returns at fidelity, you get personalized wealth planning and unmatched overall value. together with a dedicated advisor,
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welcome back to "fast money. we've got an earnings alert on nordstrom, the retailer falling in after-hours trading, we are joined by courtney with the latest. >> hi, melissa, so mixed results from nordstrom but clear stark movement after-hours in response the department store reports wider than expected loss on stronger than expected revenue which grew 44% from the same period last year, but remember, stores were closed most of the quarter. if you compare it to first quarter of 2019, that's a non-pandemic quarter, revenues were down 13%. nordstrom does reaffirm its full-year forecast with revenue growth of 25%, slightly
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outpacing consensus of 23% growth the department store is one of the retailers that has long-had strong online sales, pandemic or not. it's notable that digital sales grew 23% compared to last quarter, that q1 quarter, again, at the beginning of the pandemic when so much shop was done online digital sales made up 46% of total sales in the most recent quarter which is pretty impressive and one of the high nest retail. gross product increase from last year gross profit fell compared to the first quarter of 2019 again, a non-pandemic quarter. on the conference call ceo erik nordstrom is talking about trends he is seeing in southern-based stores that open sooner and anticipate the northern stores will get to the same spot, he's starting to see that happen, also seeing categories outside of favor in
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the pandemic starting to come back, like dresses and hand bags, not necessarily back to work clothing but items for travel and events like weddings. >> wow courtney, thank you. i love your mini dress barometer, in terms of the reopening. brian kelly joins us on the phone, has had some gremlins with his shot, but what do you think that people are buying things to go out not just to be inside in sweats >> ha ha ha. well, right. i'm a little surprised but the revenues were great, right? and particularly when you talk about nordstrom's customer they to end be more on the affluent end and may need to go back to the office, maybe buying slacks, only couple weeks ago i am wearing my first pair of slacks in a while i figure people will buy more stuff as we continue this ramp
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up >> mcdonald what do you think? >> this is a weak chart looking back from last year is up a ton, but haven't reached pre-pandemic levels like other retailer sectors have done. if you shop nordstrom it's affluent play, might get picked up but is weak equity to told retail basket with others having pre-pandemic performance that's been accelerated online sales and stock prices still down from pre-pandemic lows. >> the surge in apparel that we will see once the country reopens, guy, has that already been anticipated in many of these stocks do you think? or no? >> i would say the knee-jerk answer is yes but i look at this and understand what james is saying 100%, i look where
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nordstrom took that next leg higher in december, $32 give or take huge move to $45 and now the subsequent sell off. if you parse through the numbers and look at inventory. inventory is up 31%. you say year-over-year that's tremendous and sales growth is close to 45 so i say next quarter the margin will be better than this quarter and i think you buy this stock around 33 against the december take-off level i think nordstrom gets really interesting around these levels. >> let's stick with earnings, big after-hours moves of zscaler, straight ahead. but up next ford, the three things every investor needs to watch and we countdown nvidia on fire how are traders settinup fg or that report? that report? when "fast money" returns.
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welcome back to "fast money", we're watching kamala harris of ford watching shares of ford, the company -- it's >> it's been five years where ford set out true projections where they wanted to take the company next several years didn't hear anything from jim hackett and jim farley said we fwheed need to put out definitive targets. here's what we can expect tomorrow, first, the chip issue will be in question,
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there's no doubt wall street analysts will ask about it what are they saying is this the worst of the chip shortage does it drag to the third quarter. automatous vehicle plan, big focus in europe and primary focus ev invecstment and strategy do they have couple platforms. and what type of profit margin is expected off those vehicles f-150 ev truck, super charged. there's clearly anticipation building in the market that this could be a strong vehicle. keep in mind the ev market will be much more competitive in the next couple years as it moves up to $1 million vehicles sold. this year there's 39 -- 39 ev-models for sale go out to market in 2025 there
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will be 125 ev models for sale, so it's coming and ford is investing it $22 billion between now and 2025 do we get an update from jim farley to say look we know we're investing $22 billion plus $7 billion in automatous vehicle, the benchmark will be what people focus on, melissa >> phil, ford, correct me if i'm wrong, increased that $22 billion number from almost nothing. >> yeah considerably less. >> how should investors think of that $22 billion number compared to gm which is spending, what, 27 or something? >> gm is at 29 now ford is investing dramatically more money over the next couple years and it's already committed, a good chunk
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has already been committed, which is why some people is saying does jim farley say okay 22 through 2025 we think now maybe we have to up it to $26 billion or $27 billion just hypothetical numbers i'm throwing out or does he say look we're comfortable with what we're committing right now, we can always increase it down the road you really want to focus on the benchmarks they lay out tomorrow. >> phil thank you. >> you bet. >> how should we think of these two? should we compare them head on, tim? i'm going to go to you because you're gm shareholder. given the run in ford can they say we're going to increase it to match gm and by 2025 we'll have xyz number but gm is going to have, what, 30 ev's by 2025 >> so, yeah, and i think gm has a head start in the broader platform in ev, hydrogen fuel
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cell and autoous, gm has been working on automatous for a long time if we played would you rather, mel, sometimes we do this on this show, you'd rather gm from operational perspective over ford in the last 20 years. ford has cleaned up their act as profitable auto company by getting rid of unprofitable business to the point of tomorrow companies don't have investor days unless there's good news. there's a lot of excitement here the f-150 there's nothing close to it. when they bring this car around $40,000 there's nothing close to it so ford's focus on ev and some of the most sought-after cars in north america, first, i think that's an argument for ford maybe trading at a higher multiple, even though gm is the one i am longer, and the one i think with a lot more upside. >> certainly good point in terms of not having a investor day unless you
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have good news, typically stocks don't go into investor days up 12% the previous week. i will invoke would you rather ford or gm, knowing that ford shares under jim naturally natura shares under jim naturally almost doubled. >> i would much rather gm at this point he made a good point but this is participatory round and gm looks like they're ready to move higher and ford action not that great, everyone knows you have to have an investor call if there's going to be good news. bad news on a friday night and good news comes out during the week i'd rather be in gm to play the same theme. >> james, how do you look at ford versus gm, why not.
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>> i like ford as a stock better than gm, culturally they have two platforms, the mustang platform getting moved on to the ev space, going to be a lot of buzz the adoption of electric vehicles we saw projected growth in the sales. that will trickle into american manufacturers from traditional names not the new upstarts i thy ford has -- i think ford is more powerful there. ford up 45% versus tesla down 35% today but is 1-50th of a pe level. as a stock cultural attractive, ford i'd rather buy, and drive >> yeah, and drive quickly, guy, in terms of the conversation at the start of the show, and sugar high, i would think it would apply somewhat to the car market, a lot of the same dynamic as ply -- apply to the auto market.
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in terms of demand, people wanting to drive cars and fed driving rates low so people can borrow et cetera et cetera. what do you say about autos? >> no question, my push back is you're 100% right except valuation doesn't seem right look at ford tim could speak to this, they could earn $1.70 they're trading at less -- listen you get 10 multiple to ford and get 17.5 or there about and they deserve much higher than ten we've done the samewith genera motors would you rather, i go with ford jim farley for obvious reasons you can google and understand why. i think ford is too cheap to push back on the sugar high. >> that's code for george town grad, right? >> you're still in my head, it's actually frightening >> coming up zscaling numbers, digging into the trade and cnbc unveiling the list of
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welcome back to "fast money" we have an earnings alert on z-scaler rallying after-hours let's get the details, hey, josh. >> let's check out zscaler heading sharper after-hours, heading into this report down 10% in the past three months, off 25% off the all-time high. remarkable run in 2020, surging more than 300% the results beating on the bottom and top q4 eps in line the revenue and eps above the street's forecast. a quick acquisition, zscaler is acquiring smokescreen. no price disclosed referencing the colonial pipeline attack and will need this to thwart these attacks in the future. >> josh, thanks.
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zscaler up more than 8% right now guy, you talked about this earlier. >> correct me if i'm wrong we had jeffreys analyst on and brought this up couple weeks ago and dan eviscerated me on this name in terms of price to sale and he's right you look at the scarcity factor in this space and look by the way, operating margins in at 13%, the street expected 7%. this company is operating better scarity value in the space, in my opinion, i think it's going to continue to grind higher. i like the name. i do think you will see analysts raise their price target tomorrow i stay in the move after-hours. >> the acquisition specifically to protect against threats such as the hack of the colonial pipeline it seems like magical words to investors that was a high-profile attack that attacked america's
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infrastructure and showed the effect an attack could have on infrastructure in the u.s. >> yeah, again, zscaler has been bolting on acquisition, the smoke screen acquisition for sure, and security is a top priority. if you go to c sweets the anxiety is to let's spend whether we're doing the right thing. whether we have coherent strategy or not is the point the key is the valuation not the 40 to 50% annual bookings growth they're going to show again and the nature of this business. but is the market paying this type of a multiple on price to sales not price to earnings for a company like this. i think you're also seeing some down grades. guy's right, these are great numbers, and you could see follow through bmo just put a $200 target down from $240 in last couple days. >> coming up, plaid making the disrupter's list talking
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it has more than 20 million users. it hasn't officially reported the number since the 13 million it disclosed a year ago. we're expecting its public s-1 filing on the road to ipo soon robinhood is joined by other consumer-facing services chime, new bank in latin america and tala in india and emerging markets and ripple which is about global payments. there's more b2b fintechs on the list stripe the most highly valued on the disruptor list and marqeta issues digital credit cards and brex is a tool to power small businesses expense management this all reflects a surge of vc funding into fintechs, $46 billion has been invested globally just so far this year already that's more than the $33 billion that was invested into
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fintechs all of 2020 that vc investment is following consumers accelerating their a deposition of fintech solutions as a result of covid lockdown and only 20% of consumers say traditional financial institutions are evolving fast enough to keep up with their needs according to a recent bloomberg capital report we expect fintech to disrupt the next wave of ipo starting with marqeta we expect an ipo there soon find more about the list and more about robinhood, i wrote an article why it's in the number one spot on cnbc.com >> we'll look for more on that one of the fintechs on the list, number 39, plaid shaking up everything in banking and crypto zach perret congratulations making it to the disrupter 50.
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welcome to "fast money." >> thank you for having me we're excited to be on the list and to see the strong showing of f fintech companies. >> what's the biggest part of the financial services industry that you are disrupting? >> well, first, i have to push back on the word a little bit on the word disruption. >> okay. >> we think what's happening in financial services is more of a evolution towards digital experiences for consumers. if you look at the history of financial system wasn't for the world as it is now, and in 2012 we focused on banks using better digital products on the phone and laptop things like that. what we build is the infrastructure that allows consumers to securely connect their fan information to application so if you ever used venmo to send money to friends these are services we power. >> you are the pipes the consumer will use in order to
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access their other financial accounts online or digitally. >> exactly as consumers use more digital products, it during covid they can't go to a bank any more, they need a way for financial products to talk to each other need a way to transfer funds and a way to connect to the infrastructure that's what plaid builds. >> this is an area in finance that has largely gone so far not very heavily regulated regulation, regulatory forces focus on incumbent banks so say this is unfair i wonder if this could be an overhang in your industry if congress decides to regulate how you use data and collect data, et cetera. >> that's a great question in an area that i actually spend a lot of my time as you might imagine a lot of the rules and regulations for the financial services industry were written for a world before
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this heavy us of digital finance, heavy use of internet, and as we continue to evolve towards the future, that continues to embrace the internet, i'm excited for the regulations to continue to evolve we've been very active engaging with dc and having open conversation to educate them and i'm excited for a push towards increase the consumer privacy and consumer control we launched a product to allow a consumer to fully understand all of the data connected to all their accounts as consumers use more digital reports it's important for them to control that on the back end. >> julia mentioned the ipo she anticipates down the pike do you anticipate being public of through a ipo, direct listing or acquisition by a jpmorgan chase & co
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jamie dimonamond should be -- plaid was singled out is your future perhaps a part of a bigger incumbent ank >> that's a great question as we look towards the future, we see kind of a continued growth in plaid. we continue to expect to be an independent company and certainly one day we hope it means a public w though not any time on the immediate horizon. as for jpmorgan and many big banks, three of the top five banks announced partnership with plaid in the past five years, big banks are leaning into and driving the concept of digitization of financial services and i fully expect many of the largest banks will be big users of plaid and big drivers of this increased digitization we're likely to see over the coming year. >> zach perret great to see you,
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ceo of plaid, number 39 on the cnbc disruption 50 list. how do you trade this if you are waiting for plaid to go public eventually. >> it's an exciting space. we've seen a real market impact in the stock market because of fintech 'em abling investors to trade in realtime and leverage the internet and drive activity we've never seen before. fintech has not only been an enabler of services of traditional banking and traditional finance apps it's also empowered a new generation of behaviors that have impacted the market and it's very powerful i started my career in the bank and it hard to get a checking account update at a teller station in the office and now individuals are interacting in many ways with their financial institutions this space will continue and these technologies will continue to be powerful to the earlier concept about the impact that happened on the
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pipeline, i worry about security, if we've got tens and tens of millions of people enabled through these devices there's a lot of potential leaks and security risks and that could really negatively impact the banking sector and confidence in the markets. >> all right, for the full disruptor 50 list head to cnbc.com coming up shares of nvidia on a tear what to expect tomorrowwe d, ive in to the pits for answers, next. the wm phoenix open golf tournament is one of the largest events in north america. it's also a zero waste event, which means everything thrown away by the hundreds of thousands of people at the tournament is repurposed. in 2020, wm diverted 988 tons of material and kept 421 metric tons
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welcome back jim has got a big interview with the commerce secretary coming up at the top of the hour on "mad money. won't want to miss that. we're gearing up for nvidia earnings, the stock has been on a tear for a week, let's get to mike khouw let's get to the set up. >> hi there we've seen calls outpacing puts for the last 20 days and seen it again today by 1.75 to 1. right now options market implying move of 5% after week's end after earnings high ore or lower consistent with the stock moving over the last eight quarters most active options were the 650
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calls that expire in the end of the week, trading at average of $6 buy, betting to be higher, notably the highs just under 650 in april, seems they're targeting that level. >> guy, your thoughts on nvidia? >> i agree we talked about the set up last week into earnings and i agree the high was 648.57 but mike nailed it i think that's what it's going to test post earnings. it makes a lot of sense after big flush in april to the down side and stock traded where it should and it will challenge the previous all-time highs, i think the stock continues to trade higher. >> tim >> the stock split is no reason to get behind the stock but i do think it will have an impact more importantly, things we don't often talk about, exposure automatous,'s, gaming and more
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leading edge a places that they dominate in graphics it's a high multiple stock i'm okay with. i think it's breaking out after doing nothing for a long time. >> brian kelly quick thoughts. >> if it is above 650, 700 is in sight that's how mentality works. human beings want to go to the next kind of hundred-dollar level. with the fundamentals of this play i think this is off to the races. >> mike khouw, thanks for that, more "options action", tune in friday 5:30 p.m. easrnte time. friday 5:30 p.m. easrnte time. up next, final take. 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.
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welcome back we've got a big update on cnbc's first-ever nft sale. the auction for the token commemorating the late great mark haines calling the march 2009 market bottom is up to 12.5 ether or about $32,000 there's still time to bid, head to mintable.app/cnbc proceeds go to autism speaks and the auction closes tomorrow at
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10:30 eastern time go and bid if you are interested if you don't want to participate in the auction there's limited number of tokens for sell we sold 27, $1,000, only 23 left. head to mintable.app/cnbc. this is a carbon-neutral event this is a memorable moment in cnbc history you can own time for the final trade let's go around the horn. >> tim seymour, yeah, that's exciting stuff the 18% pull back in gold last summer is over and move higher 9% is also exciting. in the gdx you get two and times effectively the beta on owning gold which i think continues to move higher and about to test 1900. >> bk, on the phone. >> yeah, for me it's gonna be square take a look at that one. $200 looks like it wants to go high ir. >> james mcdonald. >> ford motor company,
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got better fast car coming with its mustang. >> guy adami. >> i'm all about carbon-neutrality, as you pointed out mel, thank you for that nordstrom i think will strayed higher tomorrow. >> thanks for watching "fast money. see you tomorrow at 5:00 meantime "fast money" with jim cramer 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, my job is to make you money. my job is to entertain, educate and train you. call me at 1-800-743-cnbc or tweet me
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