inflation numbers. i don't think we're talking about naming months when a taper might start or when that process might get under way but probably clues how the committee is leaning at this point. >> you're excited. >> it's never a snooze fest >> everyone hangs on to every single word at all times. >> make a point of viewing tomorrow, don't miss that. for now that's it for "closing bell." "fast money" starts now. live from the nasdaq market site over looking new york city time square this is "fast money", i'm courtney reagan filling in for melissa lee. tonight's trader lineup we have dan nathan, guy adami, tim seymour and karen finerman tonight on fast, we are all over the after-hours action on shares of oracle, the stock under pressure after the company just reported results the call is getting under way. we'll bring all of the big headlines from the quarter plus, what's the micro strategy looking to sell up to $1 billion of shares to possibly buy more

bitcoin. we'll speak with micro strategy ceo michke saylor and later fast pitch on deck why this semi stock a total home run we start with the most crowded trade in the market. long commodities bank of america saying the group took the top spot in latest survey, which led the pack in may and tech number one trade early in the year. is coinciding with market peaks look at bitcoin in the past month so guliyevgo, is this month, so, guy, is this a sign commodity bubble is about to pop. >> courtney good to see you again. i don't think so but kudos to dan who a month ago said things look frothy here, should take money off the table

in the commodity world i still think the commodity cycle is absolutely in tact. if you look at u.s. steel in the last 6 to 9 months you seen peaks and troughs, making higher highs and lower lows the moves to the down side are une kwifically scary i just don't think it's over. in terms of crowded trades another was short bond trade manifest itself with rates going lower. >> dan, is commodity a play to get into here? follow the crowd >> depending which one, seen some coming off, senate was getting too frothy, oil was the one, that really is aboutthis reopening -- global reopening trade, global reflation trade. crude oil consolidating in the high 60s and just broke out in the last couple week s. i look at large integrative stocks don't know if we have exxon

chart but six months ago we were talking about whether or not exxon was going to cut its dividend and now has had a massive run. if you draw a line from its 2014 high, that was the prior peak in crude oil, you no he what happened in 2014 the fed starts coming off quantitative easing and in '15 raising interest rates and dollar went higher and crude went lower so be careful what you wish for you might get the fed to take notice of this so-called inflation and if they taper earlier than expected and raising rates, crude oil likely to come in >> so many thoughts there. tim, let's talk about the price of crude oil and energy stocks, those have been outperforming the rest of the market what do you think about playing commo commodities. >> well, thank you for joining us courtney. as bank of america fund manager survey points out, you have a case here where actually energy toings -- stocks are not

overweight look at the z score to the long term average we're a little bit overweight verse the commodity overweight verse the bond massive under weight i look at prices steel three times last year. copper come back 15% lumber prices come back 45% in 25, 26 sessions. you have a case depends which part of the commodity complex you're in, i think you still have major support for higher prices crb index is not at all-time highs, if you look where we reporter relative to pre-covid we're up 40% but take a stock like free port at 350 copper curve is around 440. this company is minting money. in the last cycle at its peak when i was trading emerging markets 10, 15 years ago, at its peak it traded 7 times eventually

-- ooebitda but at 23 it's not expensive we're getting a pause but more to go. >> when i think of the commodity prices so many follow throughs, names like home zeep depots and lowe's talking about the impact of lumber prices, and how it impacts ultimately what going on with their results. if you look at commodity prices on the rise are there names that are more attractive if it's not a pure play in commodities itself >> well, it's a good question. you're saying how complicated, how interwoven everything is right? >> right. >> so are commodities going up because the rest of the economy is going up, in which case there's a lot of things to like. commodities are going up because it just is this sort of bubble of -- of big increase in demand that will be transitory as the fed hope than that's not quite as interesting for me, though, looking at some

things like lumber and copper, which have been expensive for home builders, that area has gotten crushed i think kudos to dan who was kind of negative on it i think with rapts -- rates again, and sentiment lower and some of the inputs lower, that's a space that's interesting to me we'll see. i think the fed has more time before they need to see anything because i do think we're in the middle of a massive reopen and they need a little more time >> huh so karen's going to open the box a little bit more on the fed i know dan started the conversation, guy, what do you think the market needs to hear from the market from the fed how much do we need to jerome powell say about inflation and what tone >> they better stay the course, don't deviate, he's been adamant about not changing rates, if he says data is changing and

pendulum is moving that could be problematic for the market i think they're laser-focused on what their words mean to the stock market whether people acknowledge that or not, i think that's the truth. i don't anticipate anything out of the fed coming different and to karen's point the market is giving them the time they need to digest these numbers so maybe get a few more quarters of this. i don't think it will change their posture is whatsoever. >> do you agree it's jerome's most important meeting ever? >> i think ptj probably has a call into the folks who make the decisions in washington. i'm not sure why they're raising expectations there i will say about the s&p 500, it's been making seemingly new highs every day, little by little over the last couple weeks here, so to guy's point, if there was anything particularly hawkish people aren't expecting you will see the stock market sell off in the next few weeks maybe that's what big money

wants. they're looking at s&p 500 up 13% on the year saying the data will get choppy in the back half of the year, contending with decelerating metrics the things that got us excited when they were accelerating at such a fast pace well on the back half look for the opportunities. s&p few months ago broke out at 4,000, seems like a good round number. if you had it one comment after the fed meeting it makes sense as far as picking and playing for that global reflation back half of theor. >> karen, dane just brought up . >> karen, dan just brought up the data and the market hasn't been super reactive to the inflation data, cpi or ppi, which is coming in really hot. do you think it's an appropriate non-reaccess -- non-reaction to the data. >> that's interesting. the retail was very not hot and there was action there that scenario.

i was thinking this is all part of the same thing. cpi number came in last week, hot, doesn't matter, we're going to look past it. i think the same thing here for ppi, which is, you know, goods already manufactured and ready to be shipped out. so i think they still -- they still have that cover. for me, i'm not changing the way i do anything. i'm still long financials. i do believe that rates will go up but i have to say, some of the data on transitory, i was skeptical. some of the data is compelling >> and what do you think, tim, about the data we've seen this week or even just today if you focus on retail sales and ppi. are you surprised we had a muted reaction in the market ahead of this fed meeting? >> a little but as karen pointed out, i think the market priced in a lot of this fear factor, if anything the bond market for last three weeks, closer to sixty -- -- sixers wee -- sixers weeks

six weeks. has go first of all ppi number is extraordinary since the data began, take it for what it is. disr extraordinary numbers and certainly extraordinary thyme. -- time the home builder is not as hot as it was but is absolutely not cold i just think that investors are evaluating where we are in the cycle. many folks think we don't see any rate hikes until 2024 but in a minimum we're shifting from early cycle to mid-cycle and there's still plenty to do here. i think it's about expectations. i think back to the fund manager survey you can look at where we have gotten very crowded and it very often has been the way to respond to that. i think the expectations back to everyone else's comments back to tomorrow's fed meeting and what

we're going to get in terms of some feedback is don't hold your breath that statement you will parse it word for word, there will be slight changes but we're ready to roll. >> dan what are you watching >> i think we have a chart of jpmorgan obviously best of breed there. we know they led the banks off the bottom, bank stocks outperformed the market since vaccination news in early november this is the first time jpmorgan broke the uptrend that was in place since november co insides with the commentary that jamie diamond had about trading, he didn't mention it but i suspect investment banking quarter over quarter will be down also. xlf hung in there, we know the large components, again, also contending with the uptrend. it's important to talk about other commodities or groups that have rolled over, really

antennas go up when you break an uptrend from a very important psychological period like we had in november with the election and vaccines. >> it seem likes i lifetime ago. it was psychologically important. as we countdown down to tomorrow -- the big question how will the market receive the fed let's bring in chief equity strategistist at credit suisse, s&p target 4600, 46 above dan's 4,000 number thank you very much for joining us today what do you think the market is expecting from the federal reserve tomorrow and the reaction we should be poseidoned for going -- poseidoned goin poised what we will hear from mr. powell. >> one thing it seems we're all in agreement on is that the fed is doing absolutely nothing to signal that they're raising rates any time soon. the fact they may give a nod to

say, yes, inflation is running a little hot listen, we're all looking at the same terminals, we're seeing that the cpi print is hot. the ppi print is hot we see where oil prices are high so some kind of an indication that they are at least seeing the same things we are, i don't think is really going to rock the market i agree with some of the comments you folks have made they're not going to do anything and they're going to really parse their words to make sure they don't spook the market. the market is looking for one thing, if they're looking for a negative, is, is the fed going to start a timeline and say, all right, we're beginning the process of tightening. i think the answer is no the market will be surprised if it is yes. >> i find it interesting james gorman going against morgan

stanley saying i believe we'll see a tape this year interest rate hike next-year. do you find it interesting the voices taking posture counter to what we're hearing out of the federal reserve >> first of all there's folks who follow the fed for a living. not sure, guys were mentioning are in that crew but we have zero interest rates on an economy that is absolutely on fire this is the -- this will be the strongest gdp quarter year-over-year since, like, the marshall plan. way before any of us were ever born and earnings, for the s&p, are going to be up something like 75 or maybe 80% this quarter versus a year ago level. so, when you see interest rates at zero you can see why someone would say, come on, do these really make sense, they're going to have to start taking some action but the fed has learned in the past, leave it alone right now the fed has been dieing for the last decade to

get inflation hotter they're not going to kill this thing without letting inflation run hot for longer than people think. >> jonathan, thanks for being on let me just ask you, if j powell slips or we're wrong and he actually wants to address inflation in a way that lets us think it is hotter than they're he feeling comcast with -- >> right -- >> go ahead, i think karen froze there. i think you get the general point of the question, if jeer open powell does what we don't expect and that indication is hotter than we'd like what do you think the reaction is. >> listen, whether the fed moves and there's all this discussion about doc plots, things like that, whether the fed move some time in '23 or some time in '24 we're a couple years away from them actually raising the

interest rates above zero and if they taper earlier or later here's what you have, an economy on fire, you have corporate prosts that are on -- profits that are on fire you have a fed that's extremely accommodative land be for a number of years. accommodative and will be for a number of-years. could you have a mess up where the market pulls back 2% or 3%, maybe. the market is up 43% in the last 12 months. let's just say they come across a little more hawkish than intended and the market was only up 40% in the last year, i don't see any reason why that will make me rethink anything if they go and they really convince the market that they're going to attack inflation, you know, they fought so hard to try to get inflation up that i just -- i can't imagine that they're going to act this soon so they could make a mistake and the market could take a bit of a

dip. i'd be buying it all day long. >> jonathan gall from credit suisse thank you tim, anything jonathan said spark any ideas going into tomorrow trading even if talking about bigger picture trade before hearing from powell or will you sit on your hand with exactly what he says. >> first of all, the question is, is the fed 34 basis points of inflation chasing, creating an asset bubble, listening to jonathan, this is consistent to what we've said, materials and financials in a world that will be booming, especially financials, and i know the move the banks had since and a half relative to s&p. maybe charts like jpm look weaker but ultimately you have dynamic where profits and ability across multiple parts of their business and at least

right now the credit concerns that were here a year ago, they're still, you know, there's still reserves that can come off that are also just a tailwind to the earnings profile of the bank so i got to say, i love financials here, especially with jonathan pointing out just how strong this economy is and how they are a measure of main stream. >> keep an eye on financials to see what happens with that group. coming up we're going to bet big on bitcoin, micro strategy looking to sell 1 billion worth of stock and could use the money to buy more bitcoin. what's the strategy for micro strategy the company's ceo joins us straight ahead first we're all over after-hours action of oracle took a big leg lower with that conference call under way, now at after-hours lows down 4% we'll break down the trade when "fast money" returns so or it could be the day there's a cyberthreat. get ready for it all with an advanced network

and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum!

pain? yeah. here. aspercreme with max-strength* lidocaine. works fast and lasts. keep it. you're gonna need it. kick pain in the aspercreme

welcome back to "fast money. we've gone an earnings alert, shares of oracle on the move hi, kate >> oracle reporting better than expected revenue and reporting faster revenue growth as the pandemic recedes in the u.s.

shares under pressure after hours trading down almost 5% the call just kicking off, ceo giving details on guidance, she says revenue for this upcoming year should grow faster than fiscal 2020, she expects mid-single digit growth and said oracle is going to invest back into the business at a greater rate she called cloud huge focus fundamental on that side of the business also on premise oracle expecting to double cloud cap ex, spending to $4 billion saw a 8% increase in the quarter. and 29% eps up year-over-year. citing growth application and cloud business top segment by revenue is cloud services and license support in at $7.4 billion. for the quarter up 8%.

oracle has been one of the biggest tech stock winners notwithstanding the after-hours wakamatsuness today, weakness today, up 25% since january. so the bar was high. >> sounds like it. thank you very much, kate. guy, stock is down but the report sounded good. >> no earnings growth. listen, they've been able to flip their business really successfully look at the cloud revenue, the growth is there. eps is maybe 10, 11% eps growth. it's hard to come up with a 2021 time multiple trading it i think oracle has turned the corner and i think you buy the weakness kudos to dan and mike khouw who talks basket put -- talking about the put buying in the name. >> and fiscal guidance q1 eps stock down 4 to 5% makes sense, especially coming off the all-time high. i think it makes sense given the cap ex guidance in the cloud,

why not set expectations lower going forward. >> a lot of conservative guidance going on. we have more on roblox christina? >> hi, we're seeing roblox sinking after the video game platform released key performance metrics for the month of may investors are honing in on the month to month decline in daily active users from april down 300,000 to $43 million and on year to year basis the company see isees 2 to 3% decline in daley active users, and while slipping, the company did see hours engaging on the platform rise 9% from year 2020 here i thought the kids would be playing outside. the company is estimating 126% may revenue year-over-year now seeing the stock down well over 7% definitely taking a hit after-hours trading. back to you. >> thank you tim, does it make sense, down

7% >> well, look, it's a high multiple stock it's one of these stocks that arguably at different periods, even in the last three months these toings have just failed -- these stocks have just failed under market conditions looking for more growth and 9% engagement in the sweet spot is what people are concerned about. this is a name in terms of the business and the engagement and metaverse, you name it, i like roblox 56% move into that pull back is now getting back to levels where i think the stock is starting to look interesting again you don't need to buy this tomorrow, the valuation will still be very rich but thematically it's a name i like a lot. >> we're just get started here on "fast money". here's what's coming up next. >> a budding crypto romance, micro strategy planning to sell up to $1 billion in stock to buy more bitcoin ceo michael saylor joins us to

detail the move. plus a new short sellers report sending daefts lower when "fast money" returns creamy premium ice cream and chasing fireflies. money" returns r lower when "fast money" returns a lower when "fast money" returns f lower when "fast money" returns t lower when "fast money" returns k lower when "fast money" returns ing lower when "fast money" returns s lower when "fast money" returns draftkings age before beauty? why not both? visibly diminish wrinkled skin in... crepe corrector lotion... only from gold bond.

our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected. ready to shine from the inside out? try nature's bounty hair, skin and nails gummies. the number one brand to support beautiful hair, glowing skin, and healthy nails. and introducing jelly beans with two times more biotin. stay restless, with the icon that does the same. the rx crafted by lexus. get 1.9% apr financing on the 2021 rx 350. experience amazing at your lexus dealer. front desk. yes, hello... i'm so... please hold. ♪♪

i got you. ♪ all by yourself. ♪ go with us and get millions of flexible booking options. expedia. it matters who you travel with. we're just hours away from the kick off of the cnbc evolve global summit featuring speak ers intel ceo pat gelsinger and carnival arnold donald, not too late to register head to cnbcevents.com/evolve. that's going do be a really good one. let's check out bitcoin. surging higher over the past week, up 20% following a few rough months

guess who came along for the ride, business software form micro strategy the stock closely tracking bitcoin performance as mic row strategy continues to add crypto to its balance sheet the company filed to sell up to $1 billion in stock to possibly fund even more bitcoin purchases let's bring in ceo michael saylor, thank you so much for joining us on "fast money. you're going to have to explain to us, you're a business software firm, why do you keep buying bitcoin three large purchases in less than a year. >> well, first, the world's waking up to the fact that bitcoin is digital property on an open monetary network and that's pretty profound because it's going to spread to billions of people around the planet. it's digital gold on a big tech network. we have two strategies, one of our strategies is to acquire and hold bitcoin so micro strategies first company to do a dutch auction or

share perfect to buy bitcoin we're the first company to do a convertible debt offering to buy bitcoin. we became the first to become the first senior secure debt offering to buy bitcoin. and we put in place this $1 billion at the market shelf registration so we would have a standing program to be able to go back to the capital markets to issue equity in the future, should the circumstances present themselves, and we'd use that either to buy bitcoin or to retire debt or general corporate purposes we have a standard share repurchase program we can buy our own shares we have $200 million or more in that program and we're pairing this program with that so that the company has all its options open in the future. >> it seems you're very involved in bitcoin is this distracting from what micro strategy mean businesses, is this what investors really want you to be doing >> i think it's actually an

ideal situation because our stock was trading $120 a share with $60 a share in cash, and our investors told us the cash was trash, it was a liability on our balance sheelt and sheet and if we had given it all back would be trading at $60 a share. instead we rotating our shareholder base and transformed our self into a company that's able to sell enterprise software and to acquire and hold bitcoin and we've done it successfully with leverage. -- that has increased the power of the brand by a factor of 100. we just had our best software quarter in history in the last ten years, last quarter, the core of the business is up 10%, the bitcoin business is driving shareholder returns, i think the shareholders are happy >> michael, it's karen, thank you for being on our show. let me ask you about when you did the offering for debt to potentially buy bitcoin, how do you think about that versus

issue equity i don't know paying six and change percent >> when our stock was 120 we bought back the shares at 140 to buy bitcoin that was a creative, and then we did a convert offering at 398 and that was a creative because our stock wan 300. when our stock was 1,000 we did 1300 a share because it was a creative to all of the cost of security holders and when the stock came in we saw the opportunity to do the secure debt financing, we did that because when you get capital at 6.78% interest is not diluted to equity or convert holder so another major creative finance we could do for the benefit for all our security holders. >> michael, you are extraordinary thoughtful in terms of how you look at your business and things you're implementing and we spent the last half hour of you getting

here talking about inflation, being 12%, you have a lot of voices on the inflation front. how do you view inflation, how do the institutional views of bilts look through the lenses of inflation. >> i think we've all been waiting for inflation. i think we're seeing it right now. i think investors are seeing bitcoin is up 330% and gold is up 7% in that period so bitcoin is outperforming gold as an inflation hedge by a factor of 50 so you are saying early bitcoin believers thinking it's maybe time to double/double - double or triple our allocation, i'm surprised they're not by ten because bitcoin is 50 thyimes better. >> you've been buying bitcoin head over fist, raising capital,

what about ethereum, proof of stake in the summer, are you thinking about diversification, is there room in micro strategy in ethereum. >> let's talk about crypto universe you got digital property bitcoin is the highest, most dominant digital property network. think of it as like granite blocks in krieb ermanhattan. cyber manhattan. then you have digital currency like tether and stable coins that want to be money markets in krieb erspace, the cbc dollars then you have digital applications like ethereum that wants to dematerialize the jpmorgan building and banking establishment and all of the exchanges. there's a place for all these things, properly understood, and you're going to want to build your buildings on a solid footing of granite so bitcoin is meant to last forever, high integrity, very durable, ethereum is trying to dematerialize exchanges and the

finance establishment. i think as the market starts to understand these things there's a place for everybody. >> michael, i want to end by asking you, i mean, you've given us a really good play book why it makes sense to buy bitcoin. i'm an investor and have money to put to work why would i buy a share of micro strategy. why not just buy bitcoin >> micro strategy has a ability to sweep our software cash flow into bitcoin, we're an operating company that reinvest in bitcoin. we also have the ability to raise debt financing, we were able to bore owe $1 billion at zero interest and buy bitcoin. your etf will not be able to borrow billions at low interest rates and leverage up. to the extent the investor feel the management team knows how to manage the core business than we should get a premium against an etf. to the extent they do, we will get a discount so we'll have to stay on our

toes. >> michael saylor, thank you for joining us, ceo of micro strategy let's go around the horn and trade it karen, did michael answer anything that makes you clearer on his strategy. would you be a buyer of micro strategy or go right into the bitcoin? >> right that's sort of what i'm wondering. he's proven to be a very, very nimble, great bitcoin trader right. which, and -- but he's a long-term believer for sure. so i still come back to your question, though because, you don't have this pure play. you don't need to buy bitcoin etf. one could just buy bitcoin and continue to buy bitcoin if one wanted to. but i mean, good for him he's managed the markets masterfully. i would just, for me, i'd rather have bitcoin >> tim, i will give you the last word, what do you make of what

mr. aasaylor has to say. >> looks like he wants to be a etf. looking at correlation, as bitcoin pulled back 50, he pulled back 51 i do think it's impressive. if you think about it he doesn't just raise this money from the retail community or people that have been most-associated bitcoin. we know that his point is bitcoin is an institutional grade-safe haven when you talk about secured debt you're talking about a different type of investor and it's pretty clear that they're lining up for this that's really -- the captain at market story to me is as fascinating as any of it because it's really telling where there's plenty of interest for the asset class. >> there's a lot of fascinating threads in that story, tim, thanks coming up draftkings head headl

that sent this stock into the red. but first fast pitch coming your way find out if you think it's a home run idea. stick around for the name when "fast money" returns [sfx]: happy screaming [music ends]

this is the gap, that opened up when everything shut down. ♪ but entrepreneurs never stopped. ♪ and found solutions that kept them going. ♪ at u.s. bank, we can help you adapt and evolve your business, no matter what you're facing. because when you close the gap, a world of possibility opens. ♪ u.s. bank. we'll get there together. ♪

welcome back to "fast money" semidconductor stocks are on the rebound and our next guest says there's one name in the group poised to be the leader of the pack let's get to the cio of spotlight asset group, she's taking the mound with the fast pitch. welcome to the mound you're pitching marve l technology, tell us why you like the name here >> well, for the past three years marvel has drew strategic acquisitions and radically shifted away from legacy business focussing more on end-to-end technology solutions for cloud data centers and 5g infrastructure the stock has under performed it's overall semidconductor peers over the last year they had an earnings miss in the 4th quarter that caused the stock to continue to under perform. however their latest earnings report which was last quarter included positive signs from a recent acquisition they did with

infi and they saw revenue growth in every key business segment, they had fifth consecutive quarter of revenue growth with 5g infrastructure and are predicting up to 70% year-over-year improvement in their network revenue as a result of the acquisition which was not included in previous guidance so there's a number of things that are attractive about the stock, not the le least of whic is something lnvidia but it has a better earnings growth approximately 5% outlook right now. all of those things i think make the stock really attractive at these levels. >> guy, any questions? >> yeah, i'm going to like this ahead of time. but my question is, do you think, it's been inquisitive is this a name acquired in the environment we're in i know you don't buy stock for that reason but a lot of things

are in play right now. >> i don't think so. they've been a major acquirer and just completed $10 billion acquisition that closed in april. i think they've shown they're willing to be an acquirer to be able to provide end-to-end solution in that class space to compete with broad com and they just redomi sieled the company from bermuda to delaware makes them eligible to compete for u.s. agency contracts they were not able to do before, that's an advantage broad kprrks om no longer has and so they are a gainer and broad com the loser at this point because they're the dominant player. >> well, she knows the name well no more time for questions it's time to vote. are you buying the fast pitch on marvel technology, dan >> i'm going to say yes with a caveat

i think it will pull back. the stock is up 30% in a straight line over couple months here, she makes a great comparative, valuation case and there's a secular shift going on what did oracle say, they will double the cap exfor cloud spending >> guy, you're up next. >> the iph ideal is creative i think $65 is the level it's going. i think jeffries put out that price target to buy that growth $60 billion deal for someone to come in, you don't put that out of the realm of possibility, dan nathan i like it. >> tim, do you have a board or paper, what do you say >> of course i do all the time, i'm always ready on this guy's going to like this, mets had a player at one point marvel wynn while he was terrible ball player this is absolutely marvel win for shawna i love the story facebook and microsoft are

kicking off massive upgrades and a lot on the back log. >> okay. karen. what do you say? >> well, it was a great pitch. however. i gotta pass this is the semidconductor index in the clouds. so it's really a question of, i think this space just has room to pull back, but, a really excellent pitch and i learned some things, so thank you. >> i like the illustration as well, karen. thank you. shanna the traders have voted, now it's your turn america. are you buying the pitch on marvel technology? v vote in our twitter poll results later in the show. coming up, draftkings down big as the short seller accuses the online sports betting company having ties to the black market we're digging into those explosive allegations ahead. stick with us, fast is back after this >> miss monta me of fast catch us any time on the go.

follow the "fast money" podcast. stay restless, with the icon that does the same. the rx crafted by lexus. lease the 2021 rx 350 for $449 a month for 36 months. experience amazing at your lexus dealer. $449 a month for 36 months. ♪ ♪ ♪

digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. i'm dad's greatest sandcastle - and greatest memory! but even i'm not as memorable as eating turkey hill chocolate peanut butter cup ice cream with real cocoa. well, that's the way the sandcastle crumbles. you can't beat turkey hill memories.

welcome back to "fast money. sports betting stock draftkings tumbling today as the short seller takes aim let's get the details, hi contessa >> hi courtney

hindenburg report attention getting acquisition to draftkings finding link to black market mafia, illegal dealing around the world through back end tech provider sp tech. in response -- hindenburgburg research's report -- they're comfortable with the findings draftkings went comfortable with three-way merger with spac last year but integrating to over hallintegrating technology until proprietary tech is it aing is complete it's really the tech not the revenue that's important sharp alpha advisor is a vc firm focused on sports betting and manager partner remains bullish, told me today no one in game something surprised by foreign companies tied to gray or black markets in the past, but that

they go through an over haul process to pass rigorous oversight by u.s. regulators saying -- quote -- credit suisse analyst in a note said if revenues were to go away entirely we think there will be minimal impact on the draftkings stock. he said it's not ideal but look we'd use today's weakness it many the stock as an opportunity ahead of potential canada legalization and new york and both of those expected to be big catalysts for draftkings. >> very interesting story and brave to be a short seller in this market i'd think you draw the attention of the wall street bets crowd by being so out there about it contessa, thanks very much there's a pull back of this news 4% i've been thinking about

breaking bad all day, it's all tied to the black market, besides that, do you want into these stock at this level? does it provide opportunity or give you pause >> well, i'm into it using karen's statement if i went home long i might as well be buying it here. look, hindenburg's work is often very, very detailed. the fact this is an allegations about potential practices of a company they made an acquisition on is significant but would be more significant if it was something that was still going on now, operating in gray markets, which in betting there's plenty off corporate government in new markets some invested in the cannabis space seeing other companies in black and gray markets. it's more about what they are go doing now. the opportunity for draftkings is extraordinary i don't buy the draftkings response that they're short sellers and have a axe to grind

that doesn't answer the question i think they have responded in terms of the due diligence they went through hindenburg's track record is pretty good, they often leap first, but this is a case draftkings has a foundation to draw on. but i don't have that information and would certainly concern me if it was accurate. >> it is an interesting story we'll follow those shares to see what happens coming up we're opening up the door for len n ar trade for you next plus do you think marvell technology is a buy, head to cnbcfastmoney on twitter but first we celebrate pride month. >> the challenges i have faced being a member of the lbgtq+ community is breaking stereotypes that still exist sims being an openly gay executive is still relatively new in the business world

there's many misconceptions about our skills and strengths that's why it's very important to defy labels and disprove antiquated perceptions retirement income is complicated. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. folks the world's first fully autonomous vehicle is almost at the finish line today we're going to fine tune the dynamic braking system whoo, what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100

like you you don't have to be a deep learning engineer to help make the world a smarter place does this come in blue? become an agent of innovation with invesco qqq pain? yeah. here. aspercreme with max-strength* lidocaine. works fast and lasts. keep it. you're gonna need it. kick pain in the aspercreme

♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network.

welcome back to "fast" l ennar on deck tomorrow >> yeah, so the options market is implying a move of 5% higher or lower after reporting earnings while calls outpaced put the two most active were june 91 puts trading at $1.50 some options traders don't believe this earnings will be as good as the last two. >> thank you, mike for more "options action" tune into the full show friday 5:30 eastern time your last chance to vote on our twitter poll is marvell technology a buy, results are next ♪♪

♪♪ ♪♪ i'm dad's greatest sandcastle - and greatest memory! but even i'm not as memorable as eating turkey hill chocolate peanut butter cup ice cream with real cocoa. well, that's the way the sandcastle crumbles. you can't beat turkey hill memories.

in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities.

big win for shana's pitch on marvell, a home run. now time for final trades. tim. >> thanks, courtney. amazon >> karen. >> thanks for being here, court,

whirlpool. >> you got it. dan? >> come on, dan, check blue, courtney not for me blackstone, courtney. >> very good "mad money" is about to start right now. thank you very much voining us on "fast money 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, just trying to make you money. my job is not just to entertain but teach you. call me or tweet me @jimcramer there is nothing wrong with a market led by oil as long as oil is the general and the res