walmart shareholders meeting, what should we watch >> well, all of it i do think the tech stocks on the index level hold the key whether in fact we're at the top end of the multi-week trading range or we're about to push higher to a new high. >> all right mike thank you. sarah, pleasure for being with us that does it for "closing bell." "fast money" begins right now. live from the nasdaq markets over looking new york city's time square this is melissa lee tonight's trader lineup dan nathan, guy adami -- tonight all over after-hours action shares of zoom turning positive after earnings after company's conference call gets under way. we're on that call, muted of course, we'll bring headlines for the quarter. big call on crypto, did something it hasn't done in over a year, own bitcoin baller saying the worst may be behind it and great hollywood comeback

for amc, the company selling new shares, pop the popcorn we're diving into that trade straight ahead. american life getting back to pre-pandemic in a big way, tsa screening over 7 million flyers over the weekend, most since march 202 0 and the biggest box office at theaters since the pandemic and 135,000 people flocking to the indy 500 over the weekend, the biggest sporting event since last year travel is back going out is back. sports is back we're back that's right "fast money" back this is the first time since the shut down we're back, things are still a little bit different only two traders on set at first but we're going to get back to normal america is getting back to normal so the question tonight is how are you playing the big return tim vested seymour >> i had to wear a vest on my first day back, look it's an exciting time for

the country, we talked about pent up demand to the extent we might see an over shoot. how will that be reflected we talked about it many time durz the the market rally, the banks were dead money and we questioned something was off about that i think ultimately banks and financial institutions are going to be the best way to be playing this recovery. first-degree of al first of all we're seeing consumer with more cash, better balance, seeing the corporate sector rush to markets, capital markets, et cetera really we're struggling with valuation everywhere, dan, you've talked about it too, i think we have a place here where banks are a place you can get involved it's nice to be able to, by the way, flip it over to dan than wonder if he is starring at his closet back home on air >> or my dogs or cats. listen, you bring up valuation and we've seen major corrections in areas there's been trepidation about valuation over the last year, a lot of names we

talk about really won the pandemic, i know that's a horrible way to say it but in the last three to six months or so investors are saying where else can i put my chips and the 23 financial didn't get going until we had the vaccine news and slarity on this administration clarity on this administration for me, i was on jet blue last night, i paid more for coach seats than ever in my life. >> and you're a big-spender. >> it's like riding in the back of the bus, embarrassing. >> every seat was taken, the airports were packed it was a great experience, even though we used to love the hate the airlines the other one is counter intuitive maybe, we've been in our homes using cable for wifi i bet some moves back to at&t and verizon, we know they're building out these 5g's and people will be out and about using their data services. >> yeah.

brian kelly what do you say? >> listen, i agree with dan, the airports are busy. i flew last week for the first time ever, i was a little out of practice, the tsa confiscated my aqua net, i got it back, to dan's point it is jammed out there. what's it mean for the market? we know the stock market priced a lot of this in the data we got today showed that listen manufacturing is going pretty well but input prices are a problem and wait a second, hiring might be lower than expected that's because they probably can't find the help. that's a precarious situation when the valuations are at the level that they are. the one thing i'm looking for that we'll talk about later in the show, but as you look at oil because even though oil is not in the cpi, it does filter into inflation expectations, something to keep an eye on. >> buy concerns a big issue and remember morgan stanley, that could be the hick on in the

rally back guy adami where do you see the best opportunity we talked about airlines being jammed up, that doesn't necessarily mean those are the right places to be >> no, i don't think so. maybe the opportunity is buying the retailer who sells the slick vest that tim has on and i'm sure he's tethered to the desk so he can't go over and hug you. >> i mean, we're back five minutes. >> i apologize, i do wish i was there, i'll be there soon enough the way tim talked about it, banks make a lot of season premiere blac sense. blackstone probably best suited to handle everything going on. the retail trade is back on the horse, cleveland cliff, free port, steel, you stay there, and caterpillar within ear hi shot of an all-time high. that's the way i look at it. i think the airline, leisure

stocks are a little ahead of themselves but the names we've been banging the table about in the last year still work in my opinion. >> the resource trade you heard tesla say prices will go up on the models because of material cost increases primary ali we're seeing it all over, it may be an inflation trade at this point. >> we heard from not just tesla but bunch of manufacturers, even in the costco call. >> yeah. >> if you listen to ceo's they're peppering in the calls with input cost and labor cost dollar today hit the lows of few months ago around 89 to 89.50. if we break those levels, it's great for the reflation trade and for resources. china cpi through last month's level eu at pmi levels so the rest of the world is waking up as well. >> yeah you guys say inflation, inflation, inflation, how do you tame inflation, you raise rates,

and the dollar rallies, you keep saying the dollar going to a place it hasn't been in a very long time. it's interesting we've gotten to the other side of this pandemic with no visibility from corporate standpoint for a long time and tons of liquidity was pumped into the system there was -- to prevent the financial crisis. we didn't know as was said on this network, we were in a black hole i guess my point s the dollar lower seems like a very one-sided trade. if you are really worried about inflation what's the fed going to do? start to taper bond purchases and think about raising rates and i don't see the dollar going much lower >> it's been traded at 4.5% wakamatsuer from the weaker from the place it rallied back but do you really think the

fed is jumping in. >> no. >> my point is, all of them are looking at all-time high and gross margin, the question is, will they pass the cost to the current. the cost to the customer when you look back, i think, a lot of the pressures will be transitory and we'll look at it like, we're back where we were pre-pandemic >> to dan's point, yes, they can pass it on to the consumer is willing to save, so what is $6.99 for chicken at costco opposed to $4.99 not a lot of people will feel that difference who go to costco at least. >> i would push back and say maybe they won't feel the difference, that's the definition of inflation. i mean, if you can raise prices that's great the consumer doesn't care that's great. then you continue to raise prices, almost the text book

definition of what we're all concerned about. dan coined maga long before president trump broke out the steno pad and magically came out with his own maga so i won't discount his transitory intranet -- tantrum if you heard on air this morning, echoing some things from morgan stanley at least three and half weeks ago >> i like what dan said, what do you think the feds are do, move early, of course not isn't that the consensus you should be afraid of? brian kelly, is that the consensus thought that you are worried about at this point, that, yes, nobody thinks that the fed is going to do anything early >> what i'm worried about is when the fed does do something that you actually don't have the demand that you think you have they don't have the control over the inflation that we're concerned about.

that's the part i'm worried about. to dan's point if we just look at the market today you have this fight between whether or not inflation is transitory, temporary or permanent i tend to believe on what i'm looking at on the more permanent side, if so, then you should see rates go up as people expect pricing inflation expectations is not going to be good for the high-valuation stocks which i think tech is lagging at this point in time. so i don't know if i can be completely contraireian at this point in time but i certainly don't want to be in the tech stocks i'd much rather be in materials. >> okay. we're in boxes now normally this would be a lot easier if we were all at the nasdaq but show of hands, who thinks inflation right now that we're seeing is transitory show of hands if you think it's tran transitory. >> one and a half here.

>> when the fed introduced quantitative easing during the financial crisis, right, everybody and their mother were screaming about inflation that never came and fed said for a year they will let inflation run hot, stable prices -- everybody's convinced the fed is wrong. i'm not taking the side of the fed. i understand a lot of their policies have done a lot of things unintended when it comes to income inequality, but right now they don't have the visibility the corporates don't have the visibility i think we'll get back to the place technology is deflationary and machines will take all the jobs and how much ubi do we give everybody? >> i think that's a good point -- socially very good, wage gain for some companies for a long time were probably under paying folks and have the gross margins now to do it that's good.

i'm like this on the inflation rate i do think we'll get through these one--year pandemic hits and then i think we lose a lot of inflation. >> lastly to button it up. guy, what if you're right and inflation is not transitory, what happens to the stock market could it be good >> no i don't think it's particularly good because i think what's going to wind up happening -- you know, dan made an interesting point, last time fed started to taper and the dollar went straight up. this time they could start to taper and the dollar continues to go lower. i think that g. genie is completely out of the bottle i think they've missed their opportunity. i don't think it's particularly good i think inflation is good to a point and i think we will get of past that point. i won't use the word catastrophic but i think it's really negative for the stock market >> all right quick thoughts. >> i want to be the contrairian,

i think dan is wrong it's a very different environment. in 2008 money went to corporations balance sheets, we're giving money directly to consumers and they're spending it that's a very different economic dynamic. i am on guy's side, all of the things about inflation happen first and then it gets real bad. in september when all stimulus rolls off then we'll have another issue. >> as we mentioned this is the first day back at the nasdaq market site, the exchanges have been open throughout the pandemic, companying coming to the market through ipo or spacs and jumping 12% from its debut, sofi, let's talk more about this with the president of the nasdaq, nelson, good to see you in person. >> great to see you, welcome back. >> great to be back. though you are still far from

us. >> we'll get there. >> eventually. in terms of the capital markets, we saw blockbuster activity in the first quarter, so what are you seeing so far to date? >> it's been a remarkable year without spac over 130 companies raising 35 beside in capital in a given year fsh if we see two or three raising $1 billion it's a good year, this year we've had over ten, and june and july shapine up to be very, very big months, so game on for the ipo market. >> great to have you back. in terms of the types of company you see in the pipeline give us insight. a lot of people there's incredibly high-profil names that ipo here. a lot of it fintech stocks anything we're not expecting, sector-wise we should be watching. >> not that we're not expecting

but consumer, health care, technology, enterprise, you mentioned fintech as well. it's more of a continuation of the same things we choice other sectors here and there, but it's a big pipeline of those kind of companies. >> are you seeing the types of companies change with the interest rate environment and market environment i'm thinking mostly of the higher valuation sectors like software that have been clobbered in the markets >> they have but actually enterprise tech we have a handful of deals in june and july that are enterprise tech and a pretty big slate for september,/october so although public comps have taken a hit, if you look where they started from a year ago when the companies started thinking about going public now there's still attractive valuations for them to go forward with their ipo it's going to be pretty active. >> is the spac boom best days behind it? >> i think y'all know the numbers, this year alone we had about 300 spacs on nasdaq,

raised over $100 billion, last year there were a few hundred, the big determinative how that market plays out will be in 2022-23 because most of the deals happening now were spacs that occurred last year or the year before and those are starting to happen and we're seeing combinations go through as you know there's been a bit of a pause and s.e.c. is looking at how they focus on the transparency, the spac disclosures, so i wouldn't say it's by any means stopped but we have seen obviously a slow down. >> what is the biggest issue do you think at this point for a spac to find a listing at the nasdaq is the s.e.c. rules or >> i think there's plenty of companies that can find spacs, if you look at the spacs out there, sponsors are looking for attractive combinations. we do hear a lot from companies getting numerous calls a week from spacs looking to potentially do a deal

with them. you have enormous amount of sponsors be looking for attractive companies to do business with. we'll see how it plays out if there's that many companies they find over time. >> sounds like a challenging environment. great to see you. >> welcome back, guys, it's a lot more energy with you here in the building >> nelson, thank you, great to see you. >> he's being polite, guy when you get back -- you know one thing about the spacs index, if you look at the spac index it's up 2% over the last 18 days we had a period spacs were in free fall with high-multiple stocks spacs as a structure, as a product class, as a vehicle, people have to distinguish between a high-multiple company that makes no money and i spac, and i'm sure people do do this, but what's going on with the s.e.c. is good news for spacs, let's take a breath, get the

regulatory framework under it and make it transparent for investors. it's great thing. >> i agree spacs have already gone through that will face new s.e.c. disclosures, basically the rules of the game changed afterwards. >> i read today theres 422 spacs that raised $135 billion that are looking for targets right now. your an investor this is the fun part, because bunch of guys raise a ipo raise bunch of money in the spac and two years for the target that's not as much fun as if are you a f in -- finance influencers. that sort of thing look at sofi run by a great ceo and was private and now public, have it, there's going to be a lot of fun stuff to trade

>> coming up kds zoom numbers and we'll give you the headlines as the conference call gets under way. and tom lee liz his top energy pick often the bacofk the oil rally. much more "fast money" right after this. what happens when we welcome change?

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welcome back to "fast money. we've got on earnings alert on zoom shares moving higher after-hours, let's get to debo with the info. >> the streak continues, to beat the street once again, shares were initially stopped after-hours but they did turn positive as the call was kicking off, the ceo started by saying customers are looking for hybrid solutions as economy reopens, saying the hybrid model is here to stay and zoom will provide the solutions. to that end the company is pushing newer products that work at home and the office like zoom homes and zoom rooms and events. about 10 minutes into the call, introducing the call to the head of zoom homes and rooms for his first earnings call appearance and he demoed features like a

virtual white board. this is key for investors going forward, whether zoom can keep its relevance and move beyond videoconferencing to become a more fully-form platform it's early days for the productsnd now the company is guide morgue moderate growth in post-pandemic world, 50% revenue for the full fiscal year to remind you how they grew during the pandemic, 300% growth in 2020. of course making that work-from-home darling, zoom cfo will be on "squawk box" tomorrow morning, don't miss her appearance melissa? >> deidre, thank you guy adami how would you trade zoom >> you got to be long, i think, dan's going to hate me or add me. >> already does. >> see that. you get close to 340 and broke the down trade in october -- look at the margins, close to

32%. by the way the full-year guidance far exceeded the beat this quarter they're telling you the things look good. the stock is obviously beaten up kudos to jeff mills who said you have to fade any rally, in general, correct the stock has a real chance to get back to high 380's close to 400. >> i like that guy mentioned dan will be mad but he goes ahead anyway because he doesn't really care that dan is mad at him. >> that's fine guy adami you said mills said to sell every rally one of my things listen we're going to contend with decelerating growth from here on out. the stock peaked six to eight months ago in the fall and down 45% now all of a sudden what do they guide to this post-pandemic period they said 50% revenue growth it's hard to go out and find $100 billion market cap with 50%

expected sales growth so at 25 times sells is still expensive, 20 times next year, it's more reasonable, and the fact they are rolling out new products tells you they're focused on building the platform. >> there's a lot here, the phone dynamic is a big thing for folks. why are you smirking i don't get to see that at home. >> that's true i've been keeping my smirks to myself, under the cover of anonymity. think of the new product phone which is around forever. >> it's part of the platform people expect. >> up next, cruising higher, breaking down the move straight ahead. plus is it's show time, shares of a mrngs -- of am c s tea at walmart, walmart can buy more tea from milo's. milo's can create new jobs,

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welcome back to "fast money", oil dumping 2.5 and 5% in the last month and one saying one et f could triple, saying it's time to hodl the trade. let's bring in head of research, tom, great to see you. >> great to see you. >> so saying hodl instead of holding this trade implies this is a trade you really, really have high conviction in. >> that's right. 2021, our top sector pick has been energy,s been met with a lot of skepticism, understandably because for the last virtually 13 years energy has been just a source of misery for any fund

and their portfolio holdings but energy is emerging from this winter and in some ways i think investor's resistance it to recognizing this change is a lot like bitcoin in 2017 where in 2017 institutional investors were skeptical having any allocation to crypto but one thing that helped them to cross the rubicon is to look at the ten best days in bitcoin if you didn't own it would be down 25% on the year, we did the same calculation for energy and you would lose 30% a year owning energy without ten best day in 2021 the ten best days for energy up 38% and the other days energy is down 1%. so almost all 38% gain for energy has happened in the ten best days. so investors to get involved need to hodl energy, put an allocation there and plug their

nose, i think it will deliver a lot to their portfolio. >> i want to make clear though, this also implies you put energy in your portfolio and not take it out because people who hodl something are holding it for life basically. >> yes and the time frame i might say is even three to five years. i think energy has the potential to be transformative to someone's portfolio return, because number one, as you know, oil is strengthening and probably producing some of the best supply/demand dynamics in 15 maybe 20 years. energy stocks particularly oih, the etf, is still at a significant discount to where oil is oih in the 220 range we think could get high as 740 this year if oil gets to 80. >> hey, tom, so, you know, i think back to 2014, you know, when the feds started to taper

and what happened, the dollar started to rally and at that same point oil started to crash. from the highs in '14 oil went down 65% in '15-'16. do you still hodl good the 2fed starts to taper bond services later in the year and float trial balloons about raising rates sooner than many expect. >> that's a great question, dan, as you know, whenever the fed tightens or tapers it's the equivalent of tightening, it's a headwind for all risk assets so i think it's going to be incorrect for someone to say the fed tapers and the stock market is going to brush it off it's going to create turbulence, that's a big if, if the fed tapers but i think the crowded trades are the ones that are going to be suffering the most. technology to us would be down grade to neutral about a month ago is still falling on

the slope of hope. where energy is under gone i think if the fed is detapering and it hits risk on asset i think it will be worse for technology. >> bk, you got a q&a >> i do. >> b k , you got a question? >> i do. tom, i'm long oil and fundamentals certainly support it but if you talk about hodling and what we call diamond hands in the crypto world which hodling it for too long how do you think of that when it comes to inflation expect expectations if oil starts to rally towards 80 or 90 or $100 when does the inflation come in and does that then hurt equities. >> great point, brian. as they always say for com commodities the best cure for high prices is high prices we have to remember because it starts to crowd out other spending

gasoline today needs to get to around, maybe 550 before it matches the $4 in the prior 11 years ago when it created crowding or hurt demand. i think you have a huge run away i think oil is hardly a problem, it's more of a reflationary signal again, i just think the market has already panicked, it's done the job for the fed. one way to look at it is is if inflation expectations are is strengthening, the ten-year should be much higher than the march highs, in fact at 1.6 it is still off its march highs. >> that's something that has us puzzled, certainly tom, great having you. let's talk about his thesis. >> yes tim can talk about incredible moves like slumber j and

habhabita halliwell, and halliburton, and i slumber j is still to the upside -- and another speaking in conference tomorrow. before break, this is genius, he happens to be a huge fan of the show, brett farve should do the ads for hodleers only on wednesday, and if so i'll share in the royalties because it's genius. >> brett is also a fan of energy companies that are investing very little in their future. how popular. or think about the politics in some of the ceos throwing a lot of money into cap x they are running for equity holders for cash here and now, and these companies are about he more valuable in two years, prices are going higher eog, chevron, i love it, going

higher. >> coming up am c stock up more than 1400% just this year. what the company did to spark this show-stopping rally plus, something just happened to bitcoin that hasn't happen in a year, bk says could behe t worse being over in terms of the crypto collapse, he will complain when "fast money" returns. ♪ and a man's gotta learn to take it ♪ ♪ try to believe though the going gets rough ♪ ♪ that you gotta hang tough to make it ♪ ♪ you're the best! around! ♪ ♪ nothing's gonna ever keep you down ♪ [triumphantly yells] ♪ you're the best! around! ♪ amc vmt [ding] don't get mad. get e*trade and take charge of your finances today. ♪♪

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welcome back to "fast money", shares of amc soaring 22% after the theater chain sold $230 million worth of shares to an investment firm which then sold those shares. >> amc getting a lot of love from the reddit crowd after this raise, the movie chain sharing 8 million shares to use the cash to upgrade theaters and pay down debt as well as potential mna. according to blockberg mudrick already sold the stakes at a profit and didn't respond for request for comment. largely the rally is attributed to the social hype -- ceo adam aron has been embracing the

trading frenzy amc also raised cash in a similar deal, this morning tweeting this -- pitting amc as an under dog, he said this is any mindless delusion he calls it a very smart way of raising cash, says, watch out nay sayers, amc is going to play on offense, back to you. >> what a story, kate rooney, thank you. adam aron brought the company to where it needs to bring down debt, raising capital until we're fully back to normal some could cause him a genius in the way that he navigated this whole reddit frenzy. >> well he's taken the tailwind and he's used it and playing offense. we've said it on the show, karen said it, we brought it up few times, get out there and raise

capital. when they raise capital at $9 a share we applauded that. raising capital at $30 a share wherever it was at the time they did this transaction even smarter. so, and at different times, whether it's a company -- not comparing -- but at tesla when raising money and improving the balance sheet that's a growth capital story is -- again, it almost becomes self-fulfilling and gets them to the other side. i don't think a m c business is ever komackiing back the way ever coming back the way it was. the life we knew before. the broken company before covid, i don't think suddenly mends its ways. >> there's a filing in which adam aron said they're looking at locations on the west coast in terms of the stress chains, locations that will not reopen now. >> note to self, this was a distressed theater chain before it was wrapped into a stock market frenzy that has nothing to do with fundamentals, don't

mean to sound angry but when you look at similar situations this is not fundamental this is a frenzy this was at zero last year, this stock, the market cap was relatively nothing -- >> part of the calculation was the debt level which went from here down. so hasn't it changed. >> come back in, mel, before the pandemic people were calling the end to movie theaters. >> sure. >> so we're going to get a surge because people will see cruella and other stuff and then they'll stop going to movie theaters it's not fundamental. >> that's the -- you know, amc may have transformed amc in terms of the capital structure but amc may be in an industry on a permanent secular decline. guy adami what do you fall on that >> exactly dan hit the nail on the head, tim did as well, not to suggest the stock can't go higher, we've seen it before, clearly greater forces are at work but business

model hasn't changed the things that were ailing amc and the rest of the movie chains prior to the pandemic have not gonna way, only thing at this go better was the financial situation, the balance sheet, which is great, i don't know how that rectifies the underlying problem. i don't know where the stock goes from here but fundamentals will matter. >> it seems like it was a win-win-win situation situation. amc sold shares to mud rick who then sold those shares today at a profit so they won. so everybody is winning here. >> winning. >> whose holding the bag, i say rhetorically. >> well, whoever bought those shares, just because mudrick sold them, somebody bought them. it's not a one-way street. it's genius financial engineering, but for the youngsters on reddit, remember this day, june 1, 2021, when

this happens, because this does not happen at bottoms. this is what happens at tops i'm not calling the top of the stock market i have no idea where amc stock goes right now but you can only do these type of maneuvers when you're in a stock market frenzy. so i'm with angry dan and like angry dan. good to have him back. >> can you imagine they're listening to bk calling them yucksters. >> yea youngsters. >> they're calling me pops right now, for sure. >> i did that on purpose. >> oh, you did. >> coming up, after a rocky week of trading, crypto baller says the worst may be over for crypto, he'll break down his case and as we head out, we celebrate pride month. >> never be afraid to be yourself, like, fully embrace yourself i took so long to come to the conclusion of who i am and it really kind of helped me back trying to fit someone else's

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welcome back to favpt. take a "fast money." take a look at bitcoin pulling back holding above 36,000. down 37% in the past month and our resident bitcoin baller bk said the recent sell off could be over. bk, explain. >> yeah for me, when you look at bitcoin, it's all about network effect and address growth. one of the key metrics i look at when managing crypto money is how fast addresses are growing versus what the market is expecting the addresses to grow. so what we're looking at on the charts i brought along are address growth is basically flat but the market is applying we're going to have a decline of 20% in address growth, we haven't seen that type of differential since march of 2020. generally when bitcoin gets that mispriced it is the sign of the bottoming process. so we look back to march of 2020

when we had a massive divergence when bitcoin was 3500. and it roared to $60,000 we're looking at the exact same type of situation where it looks like bitcoin is trying to bottom, the market is mis-pricing what's going on underneath the fundamentals underlying bitcoin. >> how much conviction, bk, do you have in this interpretation of your charts, in that, are you adding -- i mean, i know you're probably pretty long but do you think this is an opportunity >> i do. i do i mean, i -- i personally added to our fund this month because i think it's that big of an opportunity. in the fund we are long and getting longer now what i would like to see obviously bitcoin's very momentum-driven, so now we need to see some price follow through and get that momentum going. to me the story hasn't changed one bit. right. we're getting institutional adoption we're getting as an inflation airy hedge and regulatory-wise

we're getting watered down regulatoriy, it's not going to be banned, we're talking about bringing it into the fold, those are all positives and is reflected in the pricing. >> how important are the technicals obviously you're looking at metrics you used in the past to guide your thought process for future performance carter worth is in the pantheon of experts here do you see a panic in the lows, week and half ago, he sees if it breaks near 20,000, could that technical set up plus maybe regulatory headlines with teeth draw it back down to those levels? >> yeah. i mean, listen, i don't know if $30,000 was the low. i have pretty high conviction that it was. but bitcoin has a funny way of making you look silly. listen, if it got down to $20,000 i'd be buying with both

of my diamond hands for sure but technicals are important when it comes to bitcoin because it is difficult to value, very much like foreign currency markets, technicals play a very big role and i want to see momentum follow on because momentum is the full signal that the technicals are

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coming up at the top of the hour, on the edge, the promise, the profits and the problems of the great reopening of america, from the travel boom to the desperate hunt for workers to the bad behaviors as americans leave the comforts of their living room that's tonight on cnbc cloudera soaring after taking over kkr worth $5.3 billion. a deal to value cloud era at $16

a share, driving in other cloud names. let's bring in mike khouw with the action, mike >> i was looking at box which traded 4 times as many calls on puts on 150% of average daily call volume today. most active options were june 24 strike calls about 4500 traded for approximately 82 cents buyers betting it will rise above $24 strike price by at least 82 cents in premium they sfoent push the stock above the 52-week high in april. comparing these two companies they are fairly close it one another. the way i look at it if you're seeing valuation if someone thought box might be a potential target, that has been discussed going back to march, maybe 15% premium based on cloudera terms, don't know if they're that close in comps, maybe there's more premium in this one. we're looking at modest upside in next couple weeks >> all right, dan? >> we talked about $100 billion

enterprise trading 25 times sales these two companies 4 times sales not a particularly high premium. >> no. >> that doesn't speak a lot for the valuation in the space. >> and box had really good numbers. they had a beat. they had a raise they talk about bookings it was a business we waited to see traction is gaining some. >> by the way, one of the claims i might have misspoken for more "optionacon" nes titu in friday at 5:30 p.m. up next, final trade ♪ ♪ ♪

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♪ oh, the memories and all of the stupid thing we used to do and we'll continue. >> pretty stupid, that looked fun, let's get back to that. >> we can do it again, guys, because we're back time for the final trade let's go around the horn, guy adami. >> nasdaq all-time high today, we're back at the nasdaq, makes perfect sense. >> bk, brian kelly >> yeah, can't wait for it it be back but oil xop buy that one. >> tim seymour. >> well, shell i think the integrative they got a lot of exposure and gives dividend yield and a place to play with profits. >> dan nathan. >> tom's on fire i get the oil

thing. i would say jet blue, high oil not so great but this is breaking out above the prior high. >> thank you all for watching "fast money. "on the edge" with scott starts riot now. starts right i'm scott wapnor and 24 is a special edition of "on the edge". >> reopening the promise. the profits. >> stocks are rallying. >> investors remain transfixed. >> the market for now is in a wonderful sweet spot. >> there is popcorn from the stands you can see russell westbrook very upset. >> tonight, a deep dive into the new roaring 20s, and the