>> they are gliding into the end of the quarter we will see. >> they are. >> with a strong outlook >> earnings up 60% this quarter. >> i can't wait for you to make calls. you have to go to do that. that is it for us on "closing bell." "fast money" begins right now. >> live from the nasdaq market site this is fast money. i am courtney regan following in for melissa lee. guy, tim, karen and jeff mills tonight on fast, amazon primed the company kicking offs it seventh annual prime day but will the company and other retailers deliver for investors and bitcoin goes bust, prices heading towards january lows as a crackdown in china hurts the market and spoiler alert, did steven

spielberg deliver a major plot twist for the streaming space? what his new deal could mean in the race for original content. we start with a major rebound on wall street. the s&p rising nearly a percent and a half the dow notchings it best gain since march as markets try to recover from last week's losses as fed chair jay powell is ready to appear before the house tomorrow details from the testimony released in the last half-hour hi, ylan >> jay powell characterized the increase in inflation as notable but emphasized it appears to be transitory those comments are from the written testimony before the house coronavirus committee and said the jump in inflation was due to base effects, past increases in oil prices, a rebound in consumer spending and supply chain bottlenecks and made no mention of when the fed

may hike rates, but he repeated the fed's commitment to supporting the economy until the recovery is complete he also warned about the slowing pace of vaccinations and pointed to new strains of the virus as a potential economic risk. tomorrow's hearing will focus on the fed's lending during the pandemic unlocking $2 trillion of funding for businesses, nonprofits and state and local governments and argued that helped to prevent businesses from closing and workers from losing their jobs. however, i can tell you republicans like the committee's ranking member do intend to confront powell over inflation and turned it into an economic and political talking points those are the landmines powell will have to dodge tomorrow. separately today he and other heads of financial regulatory agencies met with president biden for what the white house called a status check on the financial system and the white house saying the financial

system is in strong condition and that financial risks are being -- healthy balance sheets among households and the ongoing economic recovery. courtney, a healthy status update on the financial system from the white house back to you. >> ylan, thank you very much it will be interesting to watch that tomorrow, especially the questioning when it comes to inflation. what do you think the markets want to hear out of powell or do they want the same message he gave before? >> to me it was a softer message than he delivered last week, when it was important to get ahead of the inflation discussion the fact that we heard healthy this and healthy that. the strength of the banks is what comes through here. what was great from a market perspective is that we saw the ten year trickle down to 135 yesterday, closed up near 149. a major move on the ten-year, you started to see are the growth traits come back into

vogue when the trade that was envogue said big cap break out the fed was jumping in faster than people thought. that is 1 of 16 fed discussions on the tape. i think we will be digesting a lot. i think that we continue to. as we said on thursday or friday, it is really tough for the fed to strike a dovish tone any time in the third quarter. i think the markets need to remember that but growth is there and the recovery in markets around energy and financials and things, it wasn't really about tech, it was about growth >> commodities as well guy, the market was spooked by what bullard had to say on cnbc, even though he is not a voting member and even if the fed does raise rates sooner than expected did we say we overreacted on friday get back to where we were before >> we talked about it on the call at 12:30. i said i do not know what

happened today maybe some of the effects that tim talked about whatever the expiration on friday wound up being. that was part of it, perhaps i do not have an explanation other than the fact that at this time market is realizing that interest rates will hang out around here. i think that banks like it and the commodity trade, although when these things go lower, it feels like the trade is over and the world is coming to an end for that sector. that is typically the time to step in. i still think the banks do work, absolutely i think the resources work well. to describe what happens, it seems like they are floating he is floating himself out there as a bit of a test balloon this is the second or the third time he has done that. he sort of takes the other side to gauge where the market is in terms of his comments in terms of what we hear from jerome powell >> tim talked about it too, we saw a recovery there crude oil, also the price of oil

around $73 per barrel. how do you think that plays into the fedor jay powell's message when he goes before congress and has to talk about inflation and the trickle down to gas prices, you know, not to add more fear into the market? >> yeah. i think he will be pressed hard on those, right. those are things we really see oil prices home prices, he will be pushed on that. but given what is happening in commodities, other than oil in the last few, i don't know, last couple of weeks. we saw copper really come in a lot. lumber we saw really come in as well i feel like he has a little bit of room. he has been pushing the transitory inflation theory for a while, and there is some evidence that he is actually right about that so, i think, you know, he has got a little wiggle room, but i don't think he will do anything

materially different and i always find it sort of funny how we react so dramatically to something that is going to happen in 2022 or 23, are they go to start to raise rates. maybe they will taper a little bit. but today we have to react heavily on it. that does not make sense i think the market overreacted friday and now it is back and now it is like nothing happened since thursday afternoon >> i think even if we raise rates, it is 18 months away at the earliest and probably going to go a hair at a time >> sorry, first of all, we love having you here. but we have to establish something. he is not jeff he is the general. apologies. that was rude, but i had to do it >> i am glad you corrected me. the general, then. let's get it right what do you think is going to happen when we hear from jay powell and his testimony and also having to thread the needle

carefully with not spooking the market about an event that may be two years away? >> yeah. it is a big question tim, i appreciate that you get the general's name correct. but i think that you are going to have a lot of fed officials out this week trying to shore up the messaging. you had john williams out today and took more of a dovish tone i don't think a lot changed relative to the fed's outlook on inflation. powell's comments were not consistent, the press conference wasn't consistent with that and you got a mixed message from rates and credit spreads rates came down and credit spreads tightened as well. that is not normal, and i don't think that is going to continue. i think it ultimately resolves with rates drifting higher because i think the fed is going to let inflation continue to run here a little bit. we saw the big rotation out of value, usually when you see growth do well it is when rates

are falling and credit spreads are creeping wider a little bit. i do not necessarily think that will be the case here going forward and by my eye value looks oversold if you look at the pure value index as an example, 28% of those names above the r50 today. that was similar to what we saw last fall before value took off a little bit and even the rally we have seen in tech, a little bit tepid from momentum perspective so, i look at sectors like financials, materials, they look pretty flush to me i don't think we have seen a true leadership shift. i would not abandon the value cyclical trade until credit spreads start to widen, and i don't think you have to start to worry about that until the second half of next year >> tim what, do you make of the value trade? >> i think banks offer more value and the credit dynamic that the general talked about is really important i want to point out that i think technically what happened last

week with the fed, and a reset first of all, bank trades are pretty crowded i know we talked alsoabout the bank, merrill lynch fund manager calling commodities the most overcrowded trade. banks have been overcrowded. you kind of set the stage by giving megacap tech ammunition to break higher. that is great for overall markets while you reset expectations on banks and some of the industrial trades ultimately that i do think are value trades and i do think they have the ability to run. so, what happened last week, largely equity positive. that is what i hear all of us saying. >> guy, when i look at the markets, the russell has been making runs. any small tech interest in some of these names >> interest rates go higher, typically it benefits russell. then it gets to a point where it is not when we reset 175 on the

ten-year, the russell says we don't like it. for the russell specifically, the iwm, this 150 area is a sweet spot >> that drives me crazy. >> did he say too much >> one of those terms you hear all day long the other one drives me crazy. i can spend an hour on things that make me nuts. i think we are right in that sort of sweet spot of the bat for where the iwm is as long as rates ay at one and a half in the ten year >> fair enough our next guest says that the market is doing exactly what it should be doing, rallying. >> i think all of last week was a lot of noise because you had two things that were going to

have markets pretty nervous. the second, you know, as you guys reported it was the second largest ever in history. and you know, if you look at the last five quad, 3 to 5% downside last week was just a week where there was a lot of noise >> we have been talking a lot about energy and financials when we are talking about, you know, sectors that we should be focused on in this environment what do you make of those plays right now? >> for investors to put capital to work in those groups, i think they have to be convinced we are not late cycle early or middle cycle on terms of the expansion and monetary policy matters but when you look at the pent-up demand or consumer liquidity or corporate capex to surge this year or buy backs to surge, these are

pro-cyclical dynamics and this week we are go to get a lot of data to support that financials, we downgraded a couple of weeks ago. not because we don't like the group long-term, but they are the most sensitive to rates. i think interest rates are under shooting expectations right now. >> hey tom it is karen i love to hear what you have to say. usually you are spot on. the question about a commodity, you know, you like energy. is that different than commodities because of this push towards renewables and maybe phasing out oil or is it all part of a growing economy? >> yeah. it is karen. i think that some of the commodities like lumber and corn were getting hoarded because of all ofthe things to do with th

supply chain oil, i think is different because of the tightening of the supply because capital spending dropped so much. data shows it is almost $300 billion over the last two years at a time that demand could be surprising even though esg and other things kept equity managers away from the energy stocks, i think the supply/demand dynamics for oil are so good, the most upside of any sector right now >> tom if we see a day like friday, a selloff that is fairly broad, are you still stock picking in the certain sectors you like the most or a time you can play more broadly? >> friday i think was noisy because of quad witching if someone had a longer time horizon, one month to three months, it is kind of a gift

when stocks are sold for no reason and there is no bad news, and we have to keep in mind, falling interest rates is very bullish because it is lowering cost to capital, lowering cost to borrowing and helping equity risk premium too and it is quite bullish for stocks i would not be surprised if all of the losses from last week are erased over the next five days we still think s&p will get to 4400 before the end of the month. >> tom lee, thank you very much for joining us i want to go to the general and get your thoughts on what mr. lee had to say >> i tend to agree with tom. we have been in the cyclical value for a while. if you want to be in growth or tech, we like the more reasonably valued areas of those sectors and markets as well and i think it makes a lot of sense. in terms of what we are seeing with the volatility in the near

term, i think we are seeing the stealth correction in the market for some time now if you look at the percentage of stocks trading above the short-term average, it was extremely high and that has come down over the past few months but that is not unusual for this phase of the cycle, the second year of a new bull market. you see the big thrust off of the bottom year two can be choppy you know, i think this year has been strong so far i would not necessarily be surprised if we saw chop here over the next couple of months that would not worry me. tom's point about it being earlier on in the cycle, that made sense year two, off of the about you saw volatility. >> i got it. thank you very much. thoughts from the general. i want to sing that commercial >> please don't. >> there are a lot of generals out there.

but of the general >> he's the one. >> there are a lot of generals he is the patton of financial television see what i did there >> really quickly, speaking of the strength coming in -- general mills. the energy trade that we were just talking about, the keys to me, if you look at the futures strip, now up around 64. now $64 longer term tells you that you changed the price outlook for oil significantly and the most important thing investing in energy is they are saying all of the right things on spending, capex and balance sheet improvement. not only are valuations strong and the demand side picked up dramatically but these companies are run differently and the valuations are more attractive this is not just a speculation this is not just a trade this is an investment now. >> an investment, good one coming up, the race for your wallet is heating up as amazon

prime day sparks major price cuts around the retail and airlines are facing staff shortages at a critical time for the industry we will breakdown what it means for the stocks don't go anywhere. more fast money coming up right after this inues. (♪ ♪) change is all around us. (♪ ♪) shaped by technology and human ingenuity. we can make it work for you, and your business. let there be change. accenture. at cdw, we get these signatures here, here and here. adobe sign orchestrated by cdw, automates esigining across devices to bring organizations together. protected by industry leading security sign integrates what the tools are already using so you can grab signatures across organizations and even time zones to save you money, materials and mileage. making it easy to sign here from anywhere

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>> welcome back to fast money. airline industry facing major staff shortages as demand for airline travel is picking back up courtney, when it comes to staffing for the airlines, two pieces of news here. one showing the positive and the other showing the bumpiness the airlines are going through take a look at shares of delta the company late this afternoon in an internal memo sent to the staff in charge of the operations there, basically said look, we are go to add 1,000 new pilots by next summer. they are go to need them as they bring back flights dro momestic and internationally as well. they have about 12,000 pilots at deltaa look at shares of american airlines they cancelled a little over 300 flights this weekend for a variety of weekends. one being staffing, not having enough staff for some of the flights. there were weather issues, maintenance issues

they made the decision we are going to dial it back. canceling 4 to 6% of their main line flights this weekend. so, for american and for all of the airlines, what you are seeing is the uneasy transition into adding more flights they have staffing, but they are going to have to add more in the summer and as they go into the fall airline passenger levels are now down 20 to 30% you see it increases week after week five of the last ten days, daily passenger levels topped 2 million for the day and american has been the most aggressive in terms of adding back flights they wanted to be ready for all of the people readied to fly and that is why they added 19 1/2 million seats. that is how many they will have by the end of august increase of 3% compared to where they are right now united, going to be adding 22% in terms of more seats between now and august so, the bottom line is this.

as you take a look at the shares of the airline stocks. some will sit there saying what are they doing people want to fly and now they are canceling flights. about 1% compared to what they originally planned for july. it is going to be a lumpy transition for some airlines as they want to add back flights. >> is the problem that the pilots need to be retrained? where do they go >> there is a little bit of that remember a lot of the pilots saying you are offering a buyout and by the way, courtney, at the time when the airlines went to the trump administration they said we would like to have $50 billion to tide us over until the fall when they thought the traffic would return regardless of the fact that did not happen, their point is that you want to be ready when there is a snap back in demand, which is what they were expecting early on before anybody realized how bad the pandemic would be. when that didn't happen a lot of

the airlines had to make choices in terms of offering buy outs and a lot of pilots and other staff members took the buy outs. you think they are going to come back and get in the bottom of the seniority line not a chance >> we are also getting news on -- nikola >> take a look at shares you would sit there and say you are go to further dilute this. when is nikola going to pay off in terms of future revenues? no indication at this point. you are looking at more dilution when no indication of when the bet will pay off >> down 3% after hours on that news phil, thank you very much. >> you bet >> okay. let's trade this i want to go to karen. i feel like i have not heard from karen in a while. what do you make of the airline news or nikola

take your choice, ladies pick. >> gosh. i guess the airlines but i think the pilot thing is exacerbated by a lot of people that would want to become pilots probably decided against that thinking, all right, you know, this is a pretty bad industry for a while. so i do not even know what the bench is or new players coming up from the minor leagues. this is problematic for american if you are one of the flyers i feel like the market completely ignores how much depth there is hotels, airlines, all of that. but they still have just a ton of debt. so, i feel like, you know, the valuation and the stocks may have not reached their peak. i'm not in the airline trade >> i have my peripheral vision

and see you nodding your head. >> i found myself a participant and a viewer of the show simultaneously >> simultaneously? >> simultaneously. yeah pronunciation thinga you are thinking about international travel that will be challenged for a number of different reasons. that is why if you look at spirit, 85% is backlogged, domestic travel. stock was up big today if you are looking for a downstream play it comes in the form of spr. >> are you worried about the economic ripple effect if they can't get up and running the way they want to, what does it mean for hotels and the cities where the flight routes are supposed to be going and everything surrounding the reopening trade? >> i don't know. it sounds like to me the cutting of flights will be short-term. i think people are going to be able to travel i think you are going to see travel tick up

i still think the reopening for a lot of the service area industries is probably okay. you know, thinking about the airlines in general, typically this is when i would talk about southwest saying i like their balance sheet the best but it is interesting. this is the fourth time southwest failed at that $64, $65 level. this time doing it at a much lower p.e. a lot of the money has been made in the airlines. maybe you have benefit for american and delta, probably would favor belt delta there as karen is not, i am not in the airline trade. >> makes sense all of us as passengers need to be more polite i don't know if you saw the videos, but people have bad behavior and need manners. coming up, amazon's prime day seeing competition as other retailers launch their own deep discounts. we are digging in on the deals and netflix goes hollywood after

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welcome back to fast money amazon kicking offs it annual prime event today. big names like walmart, target, best buyer also slashing prices to compete with the e-commerce giant. what does it all mean for the retail space guy, i know you are such an online shopper and an expert on this but in all seriousness, when you have a major event from a major player like amazon it changes the dynamic and the paradigm everybody has to play catch up

shoppers are smart they know amazon is having a big sale but they shop around and check around and it helps. >> who wins today. the next time that i buy something on the line will be the first time it does not matter we can talk about the stocks i know tim would agree with this federal express was run into business horribly is running it much better. margins are better if you do the math the earnings they are go to make, you are talking about a $360 stock by the way, i think i am being conservative with that >> for those on the radio fedex is trading at $293 karen, guy called you out. what do you make of the retail play i know you have a number of names in your portfolio but do you think it is smarter to play it with a fedex or ups >> i love the fedex and ups as

well i think e-commerce is here to stay, even if the pandemic, you know, fades the sentiment. i think in actuality it is here to stay and they have pricing power. i like both fedex and ups. i bought more ups and i have a lot of fedex already retailer, target i have a lot of walmart as well. third place is amazon. i sized it wrong i am unhappy if it goes up or down i really like target they have done a phenomenal job dealing with the pandemic, they are back to target people are interested in going to target. their home business. higher margin products are doing better target, walmart, amazon is my third and smallest in the big

retail space >> mr. mills or general, how are you playing a day like prime day. is that something you want to dip your toe into or just say e-commerce is here to stay as long as you have a good online presence you are a winner in my book what do you make of it >> i think it is the latter. i would not trade around prime day specifically but you have to keep in mind some of the huge trends we are seeing i think that part of it has to do with this omni channel distribution all channels were tapped last year and that will be the case into the future. i came across a piece of research did some estimates on the margins of a fictitious $100 sweater. the margins are different. if it is shipped from warehouse it is $36. buy in store, $33.

you go down to curbside pick up, ship in store, the margins are much, much lower i want a company that perfected omni channel, and target is a really good example of that. >> i did that one time since i did the story it has gotten a lot better. >> i don't think i have worn a sweater in a decade. >> not a sweater guy i just bought two sweaters yesterday, in person >> this is why prime day is important. the trade on amazon is on amazon if you look at where the chart has gone and where the stock has been struggling to get above $35, you are breaking out now. it is not the prime day revenue you will get but the residual revenue, probably $6 billion in the second quarter alone amazon is not expensive when you look at it at some of the parts, two times of their retail

business plus 20 times aws in this environment this is exactly where amazon has won amazon, way to go. >> before we get out of it, tim does not wear sweaters what he has created for his own is the vest he will sport from time to time >> it is a little warm, first day of summer. >> just wait >> we will get it before the end of the season. >> i can't wait to see that. coming up, china's cryptocrackdown taking a toll on bitcoin. we will talk about what is next for the cryptocurrencies and big news out of the sports betting anace and why it could be a game chger for the industry you do not want to go anywhere there is more fast money after this

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welcome back to fast money check out bitcoin dropping another 7% as china intensifies it crackdown on crypto mining. the news hitting crypto-related

stocks like microstrategy and coinbase falling deep into the red. every time crypto makes a big move, i don't know what to make of it. >> the charts are challenging. the charts, i think whether you are a pure technical chartist, there is a test to come. a lot of the short-term sentiment is around china's restrictions and there is a lot of sentiment around last week and where the fed is it was interesting that bitcoin kind of grew up and behaved like the correlations inverse to the dollar and to fed interest rate policy and hawkishness, dovishness was very impressive for something that was not about store, value or digital gold >> for more brian kelly joinsous

the fast line. b.k. what, do you make of the move in bitcoin today. the charts are challenging >> yeah. no i think tim made really good points the charts are challenging if you think about what has happened over the last, let's call it four to five days or the last week or so, you did have bitcoin trade with the federal reserve, which is something we have not seen in the history of bitcoin. as well, you do have this negative china news. it seems like every couple of years china bans bitcoin and bitcoin bounces back in the long run i think we are okay but i agree, it looks heavy, and you know, we will see what happens at $30,000 we really need to hold $30,000 >> a move of 9.5% is pretty severe for most things for bitcoin, not so much what will keep the volatility of

this crypto currency in check or is that just the nature of crypto currency. >> yeah. that is a great question one, this is normal volatility for bitcoin and a normal part of the cycle that bitcoin had in 2017 we had multiple 30 to 50% pullbacks in the assets. the volatility will die down if. volatility junkies like me will probably be bored with it but it will be a good thing for bitcoin because it would mean it matured into a full blown currency >> we are talking about the

charts being challenged. you mentioned 30,000 people pointed out december 2017 high, 20,000 where do you think the likely area of support is and there were headlines about the chip makers and the impact there relative to some of the technology for bitcoin mining. what do you think the impact is long-term, if any? >> yeah. in the short-term, you have 30,000 on bitcoin, we have to hold that. there is a lot of leverage in bitcoin right now. if we break through 30,000 you could see a swift downdraft like we saw a few weeks ago so, we will see what happens with that. in terms of the chip makers and mining comingpower is directed at the n network at any time because the chinese miners shut off the machines but they are not gone forever.

they are migrating to other parts of the world in the long run you are going to see a more diversified and decentralized mining structure that will likely be a lot more green than it was in china but until we get to that point you are going to hear about chip makers not getting orders and all of that. there are machines for sale, and you can pick up some mining machines, used mining machines you might not need the brand-new chip for that. but eventually it will come back and you are going to want to put the latest and greatest technology towards the bitcoin mining network >> they were talking about how the equipment is being shipped from china to maryland or virginia she confirmed a big amount of it actually today the move in bitcoin affecting companies supplying chips to miners more on how options traders are

positioning themselves tony, what are you seeing out there. what is the impact or the ripple effect >> yeah, courtney. so, today in taiwan semiconductors, the primary foundry for nvidia, the chips primarily used for bitcoin mining, we have seen significant activity here. the tsm options were fairly average for today, 50% more traded today on tsm, perhaps betting on the chip makers seeing further declines or bitcoin seeing further declines. in this case we saw a trader buy 7,000 contracts of the july 2nd 111-puts, paying about $1.17 for it the puts expire in just nine trading days a trader that laid out $800,000 in premium to bet taiwan semiconductors will decline 3.7% over the next nine trading days.

whether it is a short-term bet or maybe a larger structural bet, this is way using options and equities >> tony, thanks. tune in for the full show friday at 5:30 p.m. eastern time. coming up, major news out of the sports betting world that could be a game-changer for the industry we will bring you the details next and did one of hollywood's biggest directors change his tune on streaming? ♪ ♪ ♪ ♪

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welcome back to fast money there is a brand-new way to play the sports betting plays and it is attracting big name backers contesa, what is the score >> reporter: these big-name investors are throwing their weight around, disruptive platform sports gambling meets stock trade. it allows gamblers to bet on the game and trade the bets on an exchange the way that you trade stocks

you make a bet the odds change. you can sell the bet before the game ends or even before the game begins. and this will not charge the book makers fee to even accept a bet. the transaction costs for the bettors are lower. we can exclusively report a new $36 million funding round from lead investors jump capital, nasdaq ventures, impression ventures, hudson river trading, tower research ventures and jim murren and tom wittman, the former ceo of the nasdaq stock exchange also are getting in on the action here. sport trade is anticipating clearing regulatory hurdles in new jersey and launching there this year and then rolling out in other states in 2022, courtney >> this sounds like a fascinating platform and as mr. seymour is keeping tabs on the bet. >> jacob degrom has four

strikeouts through two innings we could be betting on this too. >> let's trade it. >> let's trade it. the sports betting space is alive and well and we have patrick kane from the action network on the show. they were bought by a collective out of denmark

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welcome back to fast money e.t.'s creator is coming to netflix, inking a multiyear deal with steven spielberg entertain to make new feature films for the service moving the latest in the streaming wars netflix acquired mgm studios in an effort to boosts it own original content spielberg was skeptical about streaming in the past. he said something like the content does the deserve oscars, maybe an emmy. perhaps he is changing his tune. i am excited to get spielberg content on netflix what do you make of the move, karen? >> well, i thought it was really interesting for one. you know, we have seen the content wars heating up. this is taking it to another level. but i think that he in

particular, because of his sentiment about that, things being in theaters, it is another, you know, it is -- to me this reaction is that this is not good for theaters, right this is one of the biggest fans of the theater experience in spielberg, and certainly an important voice in movies. now has he gone to the dark side, the streaming side i am not really sure but it can't be great for theaters is my suspicion so, for that and many other reasons i would not be in the theater space. but i would not short it, that is for sure. >> yeah. the general, i would like to ask you about your thoughts here so, maybe you are on the same camp that this is not great for amc. but is it a positive for netflix? >> yeah. i think that karen is right that it validates the trend towards streaming. look, with netflix specifically,

the valuation continues to come in so, i think that is certainly a positive and they have shown they are capable of sustaining pretty strong top line growth because they have pricing power. they raise their prices. customer numbers remain okay i think this is all generally positive for netflix over the long-term. i think right now from where we stand today, i do prefer disney a bit. it was my final trade a week or so ago i think they benefit from streaming and will have a rerating of that multiple and benefit from the reopening disney now, but certainly all positive for netfl lixong-term >> thank you very much up next, your final trade. here and here. adobe sign orchestrated by cdw, automates esigining across devices to bring organizations together. protected by industry leading security sign integrates what the tools are already using so you can grab signatures across organizations and even time zones to save you money, materials and mileage. making it easy to sign here from anywhere so you can do more everywhere.

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it is time for the final trade. let's go around the horn karen, what is yours >> yes my summer solstice trade, you or eye. >> it is the summer solstice jeff, what is yours? >> oversold on support, that is what i am looking at at the

value side jpmorgan fits the bill there good for banks >> took him a couple of seconds to respond to you because you called him jeff. xop is responding. it was up today. i think energy stocks look great. >> guy >> fexed, 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 only offense is trying to make you some money my job isn't just to entertain but put into context call me at 1-800-743-cnbc or tweet me @jimcramer. where were the buyers last week, wh