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. live from the nasdaq market site in new york city times square, this is "fast money. i'm melissa lee. tonight's lineup -- tonight on "fast" 4,500 seeing the s&p 500 heading by end of month. what will get us there and trends that lead the way plus, simon properties back to

earnings reports calls underway bring you the headlines and turn on the semistock that brought it to brand new highs give you the name later in the show start with a $29 billion deal that sends shares surging today. kate rooney has the details. >> reporter: shares of square closing more than 10% higher today on the back of news that it is buying the australian fintech overage installment loans. a $29 billion deal in all stocks price tag about a 30% premium after pay close australia friday expected to close first quarter of 2022. square also reported second quarter results earlier than expected as a part of this announcement gross profit jumped 91% from a year ago, and also helped the stock today. ceo jack dorsey highlighting younger consumers ditching traditional revolving credit instead they want interest-free

installment loans. square cfo telling cnbc and "squawk on the street" this morning this is a win-win for merchants and consumers driving sales to businesses, she says. and tends to be a cheaper way of borrowing. competition in the space, though, is heating up. firm share getting a boost today. paypal, klarna, american express and jpmorgan chase all have buy now pay later options and apple is reportedly working on a similar product offering with goldman sachs. many of these companies don't charge interest, at least for the first year mostly rely on debit and link to consumer bank accounts many strike deals on the back end and profit from that relationship and often don't use a traditional fico score some analysts worry about the debt load in these cases and what they call stacking debt, meaning paying for installment loan it's with credit cards and seen as threat to the traditional card issues and

money didn't centered banks main profit interest bearing loans and fees back to you. >> kate rooney, thanks, with details on that deal karen, you've been, for a long time, a fan of square, and a fan of j.b. morgan wondering what you think are the ripple effects for incumbent lenders and financial institutions >> if you're a bank, worried from every again from fintech. jamie dimon wept on about that, have to be more nimble and speak to that younger customer so used to do nefeverything online and comfortable doing something like afterpay something doesn't make sense to me square multiple trades at something -- >> 170 times how about that >> 170 times maybe with great earnings okay good for them. and, yet jpmorgan trades at 11 times.

know, if square's whole plan is to be the everything to everyone, the bank to everyone, there's a giant disconnect there. and that's the part that's sort of interesting to me square has done, i mean, seem to be everywhere you want to be to use the visa, to -- to use the visa clslogan but the valuationi crazy. this deal, probably good for them it's great, their customers want it i'm surprised how well the stock did in the face of a $29 billion deal that won't be easy to integrate and won't get approval until -- next year, probably. >> well, i love square for a couple reasons i own square, a bigger position. legacy position stems probably 70% faded it too early, because of the valuation at some point what's happened to square in the last 18 months is that that cash app is everything for everybody. i think the -- they're bridging basically buyer and accepter,

relationship with the merch scie merchant is great but what it means for square, for just one product on afterpay exceeds all that for all square's products on the average revenue per user. it's raised the game, raised the quality of those transactions, and square was that valuation to -- look, i love the fact they've used an overvalued stock price as currency in an all-stock deal to buy an innovative new age company at a time where square is supposed to be i believe the combined management teams where you want to be. a game-changer for square. >> maybe more companies should use their record high stock prices to make deals, cash that in thinking about transactions like this and the business against square, are you concerned at all about the credit risk square takes on to its balance sheet, and you have to wonder somebody observing the sector. if buy now pay late sir the next

greatest growth engine for credit these days is that some sort of, you know, risk to the system, so to speak? it's great to make loans when the economy's okay consumers are in good shape. how about when things really turn pear shape? >> a great point traders and investors, mark this down i don't think that credit concern matters today, clearly doesn't, because stock is up and looks like it wants to break out 3280 mark this down if you get a recession, this is going to work in reverse of square, not as great that being said, one thing that square always touts is they do have their own proprietary credit rating model that they use for their merchants and how much they're going to actually lend -- not lend out but basically cover for the merchant so if you're a merchant, you can get paid a little earlier. square thinks they have a better technology all other things equal, this

should be a really good integration for square all i know is i'm looking at what the market is telling me. telling me a couple different things another cares about the pe doesn't matter today some daywill and wants to brea out around 280 all can you say about square. >> just affirm, in terms of its valuation. valuations for all of these sort of threats to traditional lending, because they could be fintech integrated, very attractive targets right now >> yeah. no doubt about it. ip think attractive because of the growth buy now pay late sir growing extremely quickly. look at afterpay an example there sales up over 100% year over year so that's going to translate to other companies in the business, and that's why i think it is an attractive acquisition for square tim mentioned average driving per user within cash app only going to bolster that

still generate significantly more revenue bitcoin, and only serves as an additional growth engine for cash app, and ultimately like bk said, saw good support for the stock in mid-may at the rising 200 day moving average looks like it wants to break out around that 275 level. so i think a good acquisition going forward. stock price tells you that quickly on banks, we might hit on it more interesting to today look at the way banks traded it was the larger banks that traded up, or at least underperformed less. it is the jpmorgans and goldman sachs of the world banks able to invest in this sort of fintech to protect their businesses kre, regional bank etf down almost twice as muchhas recovered a little into the close. market is clearly telling you through the winners and losers and where risks are in terms of traditional banking. >> are there winners and losers? if there are winners there are

losers theoretically same time capturing a customer previously not there in terms of losing that customer, i guess in theory, from a total addressable market standpoint jpm jpmorgan, incumbent institution have losses but haven't lost in that they didn't have that customer younger consumer with no ed considerate background. >> right that's a good point, but looking at other potential losers, visa and mastercard both down today i don't know if it's because of the sharing arrangement between the bip now pay later. i'm not sure but that was sort of interesting to me. i think -- the jpmorgans and the bank americas, capital ones of the world and citi bank also who all have big credit card portfolios, this is a wake-up call they know that it's coming. >> right. >> talk about buy now pay later, but just not as attracted to that younger, new, not banked person >> i think merchant, too, be clear. this is friend not foe i think credit card companies

are not seen as friends by merchants. they're seen as parasites. that may not be fair, by the way. talking about these. think about the relationship of buy now, pay later, almost tailoring understanding the consumer and giving the merchants a better opportunity to know their consumer, closer to alignment and that's a big deal also i think what we've seen over the last couple of weeks. earnings by learneding club last week non-convention's banks so far ahead of the legacy banks, and lending club up 6% today after having a 50% move one day last week there's a message being sent there's not only, all kinds of disruption and decentralized finance, but legacy banks are losing out to banks that already moved into this space and it may be tough to catch up seen it in other parts of the economy. >> yeah. brian kelly, what's your take on the losers in this whole thing would you agree visa and mastercard, capital one that they could be losers here? >> yeah.

probably more capital one than anything else in the sense that capital one tends to have customers that have a lower credit score, and being presumptuous, somebody saying that, buy now pay later doesn't have the credit of maybe somebody getting an american express card does. lower down on the credit scale is going to be a loser i would say in general i do think the large banks are under attackeds from everywhere and my bigger picture view is that the financial services splits into two. any type of transactional banking, the price is going to zero not making money off that. whether crypt o'currencies or central bank digital currency. then you have to make money off a lending product. getting attacked by square and all of these other places and decentralized finance, it's not really a great growth story for these bigger banks i think they're just challenged at this point. >> more what this deal could mean for fintech and the big banks bring in managing director

at kbw, a steeple company. great to have you with us. so pick up where we left off who do you think the biggers looters are? who gets displaced the most when buy now pay later really catches steam? >> so i think what the market is telling you, it's twofold. one is sort of the -- payment systems because what's happening is these transactions are being captured through eco systems or clusters of consumers whether square, paypal or apple. then it's also perceived maybe it's the financial institutions like the consumer lenders i follow i cover credit cards companies and people are nervous this is going to affect their lending capabilities. >> would you agree does your business model how you view some of these credit companies change with something like a buy now pay latelater

do their models have to change as well? >> yeah. that's a really good question. i think that there's definitely some validity to the merchant processors that are plugged into this merchant. some of those volumes being steered towards aggregators. if this was a transaction coming in to a merchant acquirer, this can now go through an aggregator like square or paypal and that changes the way that process is, that is processed. so i think that definitely there is some risk there whether or not this intermediates a credit card loan, i fee that's a different product. buy now pay layer product requires a much greater significant outlay of funds in a given month relative to a credit card product so i think it's a different loan -- a different loan so i don't think it does at this point in time. it could also be a good entry

level-type loan for someone whitesomeone without credit and graduates to a credit loan wharnt do you thik we're at a very good place in the credit quality cycle what do you think? >> yeah. i mean, i heard some of the conversations earlier. i kind of agree. we're really early in an economic recovery. so i think there's lots of opportunity to, you know, for the consumer to lever up and for lenders to make good loans i think as this recovery becomes long in the tooth is when we have to worry about things at thispoint i think it's fine just got to come back to, who are these loans being made to? are they being made to people like us or are they being made to people that really can't get credit today, but, or don't want credit it's a little of that today. >> and multiple reasons why square's stock is up today, i think. one may be the enterprise

merchant reship that square kind of eases up into from its snb roots, small, medium sized businesses can you talk about that? >> yeah. i mean, i think it sort of benefits square twofold. one, it gives them a product, and in buy now pay later to cross-sell to 70 million-plus cash app consumers, and also gives them access to the large merchants that after r afterpay has relations with right? to the extent these large enterprises didn't want to make an integration with square in the past now have one with afterpay allowing square's customers to potentially have access to those merchants. i think the benefits of twofold among others, such as it gives square an opportunity to grow outside the u.s. where it's very heavy. >> last question, sanjay that is based on what you now know about afterpay, are you comfortable with the potential credit risk that square is now acquiring in that future period

when things may not be so great, consumer credit may not be as high a quality as it is now? >> yeah. look, i mean i think these are very short duration loans. so you know, we're talking two-month loans. and we'll have to see how large a part of this business -- their business it is at that point in time when the cycles about to turn i think our call generally, we're really early into an economic expansion and probably not something you need to worry about right now. >> all right sanjay, thanks for your time we appreciate it jeff nels, what's your take here >> well, first of all, i think the credit risk versus, is the acquisition a good idea or not having the capability and adding that to the quiver that declines can access for square and cash is probably outweighing the credit risk going forward. especially given the size it's going to be of the business at least in the near term back to banks quickly. it's very clear this is sort of an existential threat to banks and an issue they have to deal

with via technology development and other investments. i did this it was interesting from a trading perspective i expected banks and financial agencies to be off more than they were today. ten year pushing through 120, may have expect add blood bath in the space not necessarily the case seen extreme outflows from banks, financials generally speaking that actually makes me feel good from a trading perspective, finding footing, play banks, financials as a cade. >> yeah. karen, surprised by that action, too? >> thinking about the kre, the regional bank versus the xlf big money centered banks have a lot of other livers. investment banking, asset management, a great business capital markets. all of those have been huge. so, but if you look at regional banks, they don't have a lot of that and this core product, you know, this picking off that customer, that's a very difficult situation to be in >> coming up, markets may have kicked off august with a bit of

a whimper, but expecting them to go out with a a bang breaking that down and what he's watching in a few. plus earnings coming your way. simon property on the move after reporting results. digging into the nes namext. "fast money," back in two. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap!

so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need.

team usa is ready for the olympic games... ...and so is sharon! she got xfinity internet and mobile together... so she has fast and reliable wifi at home... wow! ...and nationwide 5g on the most reliable wireless network... oh my gosh! ...plus up to 400 dollars off her wireless bill! wow! cheer on team usa with xfinity internet. and ask how to save up to $400 a year on your wireless bill when you add xfinity mobile. get started today.

welcome back to "fast money. double earnings alert shares of simon port on the move start with courtney reagan listening in on simon's call. >> hi. simon properties shared up by more than 3.5% reporting stronger than expected earnings and slightly higher revenues net income increased and portfolio operating income including the centers it owns as well as other segments increase of 32.5%. funds from operations, that fico number increased more than 52% year over year to 1.217 billion dollars. ceo david simon is pleased with cash flow in the second quarter and simon notes increasing shopper traffic, retailer sales and leasing activity at his

centers. o occupancy 91.8%. and simon also upping its full year guidance and inkrieging div dp dp dp dividend to $1.50 per share. government restrictions in facting results in some areas but says signed 1,400 leases in the second quarter with a "significant number still in the pipeline." added a recent meeting of his leasing team reported to him the most active deal committing in several years. mr. simon noted retail sales in the centers are up 13% in the first half of 2021 when compared to the first half of 2019. so a non-pandemic year spg shares up more than 100%, flat over the last month melissa? >> courtney, thank you trade this one karen, full year guidance, got to wonder, second quarter levels are -- peak.

>> because of pent-up demand people want to go out. will that continue into the back half >> see if it's transitory traffic. some of these leases they're signing up i think will -- those will be for some amount of time, right? occupancy was better than projected, in addition, expenses were lower so those are two good things to have going nice yield i'm concerned about that as well so i don't know. they've done a great job, able to cut the price on that deal. hopefully good for them. but not for me. >> bk, i know you love malls go to one every chance you get but not like the average person that is true. >> prior to the pandemic, death of the malls now malls are seeing a renaissance, if you will because people are emerging from their cocoons. >> right so how long is that mall going to be? you mentioned, malls, i tend to walk around malls for a little exercise out there definitely busier than they

were, but i share karen's concern that, is this as good as it gets? i mean, stock up 100% from liket go to the diesel outlet, i'm not sure eveble his level of spending is going to keep it there. >> you know that, bk and assets -- >> on sale. >> back. thank god. >> up next, get to take two earnings shares of video game company, sinking. the call new eunderway and josh has the details. >> melissa, remember heading into this stock down about 15% this year. now in the red year afterhour with a print net books beat

guidance, weaker than expected company reiterating guidance for the year and jefferies says june quarter better than expected appears engagement is holding up weaker than expected not full year guidance because games raising notes. a buy, attractive. strong record of execution, new content won't be in high demand, he bets. on the call, saying fiscal year is off to a great start, his words. "grand theft auto" sales significantly above expectations and the number one sports title in the u.s he reiterated guidance, movement in some planned releases in other words, schedule shifted for the company calling two immersiive titles and more time to polish them not covid related. productivity is high saying postpandemic demand is higher than pre-pandemic demand, but it is moderating as people return to some kind of normal for now

back to you all. >> sorry, josh can you repeat ta again? felt like it was contradictory those two statements it's still high? >> i think he's -- >> a panic, then moderating? >> reiterating a point trying to make the past few quarters bet has been, listen, the market is bigger. a lot more people around the world that come to that market and now discovering video games is fun and entertaining but bet goes back two quarters, people return to some kind of normal. we hope some type of moderation and a big are market, though. >> josh, thanks. josh lipton. tim what do you think? >> i like the stock. it's been dead money for a year. the themes we all another. interactive entertainment is hot. it's going to remain hot ip think interactive media, i think some of these companies at some point will be absorbed by larger media companies stock trades 28, 29 times forward, which is -- 5% to 10%

of its one, three and five-year averages not buying an expensive stock. buying a stock all guidance is fiscal '23 is a massive year where they're guiding and we have to believe them can't fault them for being in the right spot when everyone wanted nba 2k and no sports were out. so those pullbacks in that year over year engagement, none of us are surprised. i like the story i like it. >> jeff, agree, overreaction in after-hours? >> yeah. i'm with tim on this one look, the company is still positioned for a really strong growth a huge content in the pipeline, strongest intellectual property in the industry. continuing to grow in probably probably do more m & a a lot of positive revisions from analysts the story longer term is good. talked about the stock maybe in december of last year and i was a little worried about 2021. given the fact earnings growth wasn't going to be incredibly strong with the company that at the time was trading at well

over 30 times forward. so they could shop around in the here term for sure certainly i like the stock down 18% from highs than i did towards the end of last year so i would buy on any weakness look for 160. >> coming up, a strong end to the summer joining us next, breaking down why he says stocks will rally through august tom lee. and stopping ripping today pushing the semiconductor etf to an all-time high move the day coming up do not move. "fast money" is back right after this.

welcome back to "fast money. dow hit in a late-day sell justify and the nasdaq eked out

gains. worried about delta variants, slowing economic growth. our next guest says still a winning month for stocks bring in tom lee and a cnbc contributor. great to have you with us's what makes you so confident about august >> i think markets are anxious about two things things you already addressed one the delta variant across the u.s. and fear this could trigger in you lockdowns second i think especially coming into play today is that the ten year continues to sink lower despite expectations across the street for inflation and higher real rates to drive higher nominal rates, the ten year is sinking. investors are pretty nervous about those two things but i think between now and month end, we think odds of high the delta variant could peak one of the reasons we believe that is hospitalizations incrementally for covid are actually beginning to roll over. second is that -- i think the

ten year an important juncture near the 100-week moving average and looks it could potentially be reversing you could have higher rates at month end or delta rolling over and both will trigger a respond rally. >> seen the charts with the uk cases peaking. similar chart overlay that with i think it's missouri in terms of its caseload. those thing, promising in terms of data, but in terms of your call, the ten-year yield will actually emerge from this critical juncture and go higher is that based on anything or just your belief sounds like this whole bullish call for august is predicated on these two things one of the things is sort of just hold your finger to the wind kind of call. >> nats right. i mean -- you know, markets are unpredictable and interest rates are even more unpredictable. so, again, i would probably be more appropriately saying, i think the probabilities of rates, performing, rising more than consensus expects is what

we think will happen in august if the delta variant starts to roll over. i think interest rates in cases as and markets connected, but over the next couple weeks plays out for stocks. >> tom, obviously concerned like everyone as delta variants and not worried about the long-term impact on the economy, frankly i'm a lot more worried about the fed's role in the market as you look to the next couple months, because it's all about the fed. out there late last week, i think the voice is probably loud as its ever been relative to her place in the fed fed's got towait for at least september data doesn't come out until october not a fed meeting until november doesn't this give you the view fed not in your face until probably late suggest, november? >> a great point markets should worry about the fed. one. most important influnences on te market last week's meeting might have

had hawkish surprises. fed has not crystal ball greater than the markets if they can't see around the delta variant and hesitation it's creating among corporates and even opec, i'm not sure should say fed is more hawkish it gives a dovish tilt and that great for stocks. >> tom, it's bk. ask you about bitcoin. what we're seen with bitcoin, not correlated to many assets until recently correlation with s&p 500, copper growing a bit, that correlation. does bitcoin fit into this entire framework of the wall of worry, or something different going on there >> well, you know, bitcoin is volatile, brian, but i tended to view bitcoin as a risk on asset. especially outside the u.s. probably a proxy for risktaking much more than the local stock markets globally and in the second half -- i mean, i think if delta rolls

over and interest rates start to stabilize, everything rallies. i think bitcoin's holding up really well. it's at the upper end of this 30,000 to 40,000 range took a hit today obviously because of the infrastructure bills, tax code around brokers and crypto, also there have been actions within the crypto community, but -- yeah i'm optimistic on bitcoin rallying to year end. >> tom, great to see you thanks for your time. >> thanks for having me. >> tom lee, fund it straight. jeff what do you think of the everything rallies kind of call a terrible month of july technology, which fund it strat recently upgraded. >> yeah. i think you've seen extremes across the board energy a place where you had 0% of stocks in energy sector trading above its 50-day moving average. opportunities are there. seeing similar things in rates you make the rate call technical. look at tlt for example, flows into tlt so people betting or

rates going lower approaching the 95% percentile closer to a bottom than not in interest rates because i think that and i don't think delta shuts down the world economy, i would rather be in places already experienced some level of pain and better positioned for an economic supportive of cyclical market leadership i look at the way interest rates and growth has behaved as rates come down, surprised you haven't seen more out performance in growth. perhaps winds of change again relative to market leadership, and you can look at industrial metals like copper strength there classic resource names like bhp in rio starting to outperform and even looking at european and asian cyclicals. those were areas of the market that led u.s. cyclicals in 2020 in the fall before the leadership shift here. seeing that again. rather position myself there going forward. >> and to jeff's point, igb today, expect it to be up a lot.

it's flat. >> you would also when jeff mentioned winds of change, one of your favorite songs by the scorpions kind of about to start whistling that. >> follow the c with a k. >> slip that in there. >> i do think investors need to stick to their guns having views. today weak ism and pmis around the world and suddenly growth's off the table. ten year telling us something three to for months. if you believe in reflation trades and in banks and if anything the fed has to move at some point you want to own some industrials. a lot of opportunities to buy weakness stay there. coming up, move for the day. semiconductor posting record highs. breaking down themove next plus, shares of ge losing power today as the company's resource stock takes effect traders plugngntthgi io at trade, when "fast money" returns.

new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

xwo . welcome back to "fast money. posting a new all-time high. the move led by a huge surge in on semi. the company reported record revenue for the quarter. stock's best day since april 2020 micron popping after the bell after the company initiated

quarterly cash dividend of 10 cents a share. brian kelly where do you go in the semi trade, if anywhere? >> makes a lot of sense. right? look at semi's broadly, that's where broeth will be a day of oil down, ten-year yield down, you want to go where the organic growth is. seeing it in semis a huge fan of nvidia still think you it look there. a broad base, let's get into semis do the smh i like nvidia. the other part, reoperation. a rally, tell the ta turns over, semis acting a a cyclical name >> interesting point in terms of semis being true cyclical in the market it that's the case -- >> just shaping up something is coming up what we got? >> right now premium afforded to the companies with the growth.

environment in which the company turned things are super-charge d et cetera, et cetera and wanted to be in cyclicals. does intel catch a different bid? how does that play out >> i think intel seemingly has more leverage to the economy and probably seen also as a longer-term play on strengths now especially in data center and things that would be month emblematic of enterprise growth. i like it. yeah i think more what we're talking about, how to trade the market a period of growth and reaching for reflation, seeing semiconductors underperform. >> i agree saw it before. right? semiconductors >> great irony, isn't it >> what? beyond the growth. >> yeah. >> involved in the growth. yet valuations reflect growth for quite some time. multiples on the market have to change because rates go higher, negatively affected.

interesting, dividend initiation used to be, like, the death nail for stocks a dividend -- >> it's over no growth. >> yeah. >> no. not here >> good for them. coming up, shares of ge powering down as the company reversed stock splits. breaking down the action next, from ge to gm. options kicking the tires of general motors ahead of earnings wednesday. how they're playing this one "fast money" comes right back. >> announcermi: ss a moment of "fast" follow the "fast money" podcast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it.

this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. 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. (vo) nobody dreams in conventional thinking. it didn't get us to the moon. it doesn't ring the bell on wall street. or disrupt the status quo. t-mobile for business uses unconventional thinking to help you realize new possibilities on america's largest, fastest,

and most reliable 5g network. plus customer experience that finds solutions in the moment. and first-class benefits, like 5g with every plan. network, support and value-- without any tradeoffs. that's t-mobile for business.

welcome back to "fast money. look at ge shares dropping today as the company's one for eight reverse split stock takes effect ge originally approved a split may 4th. since that day the stock has fallen by more than 17%. tim, why the heck did they do this >> smoldering on this since announced i think in march or april. larry culp wanted the stock to have a price in-line with peers, honeywell, for example stock in line with peers how about performing like your peers? honeywell basically, a $30 stock

going to a $240 stock. do the math. ge is a stock gone completely the opposite in fact, ge before its 8-1 reverse split, which usually happens to companies that are about to go out of business, and i don't think that's what's happening. >> or delisted. >> but is actually -- was a higher dollar stock price than honeywell 20 years ago look where these two have diverged kind of underscores how sad the ge story is. >> yeah. jeff, your take? >> yeah. i'm with tim here. i mean, it's typically not good sign right? i went back and looked surprised to see this only happened five times in the s&p since 2012 you know, obviously it doesn't change value of the company, just like a regular stock split doesn't change the value of the company. though it is smoke in mirror in a lot of ways, creating a p perception, whatever the moti motivation i don't know it's particularly

awful. done some good things reduce debt loads things of that nature. i don't think the stock is cheap. certainly wouldn't run to buy it. >> just so puzzling. why bother doing it, if it doesn't change the value of the company itself why bother >> makes you feel good i don't know i -- >> a $100 stock -- >> yeah. just like koch said, we're a company that shouldn't trade like that. then don't take yourself to the brink of absolute financial disaster and don't do -- i don't know $26 billion acquisitions or more, that were terrible those are a couple things to do instead of the reverse stock split. they know that, obviously. like in the finals of womeimblen and the other player defaults and fall to your knees and say i'm a wimbledon champion is that really being a wimbledon champion >> although i would be. >> and fall to your knees.

>> does this put ge along with perform innocance in a better pt get put back on. kicked out of the dow, a cheap move. >> really? would they ever in consideration -- >> i'm not saying they their they're on deck. at as $13 stock, inseg consenti t the dow. >> why bother unless you're thinking about a price weighted index as opposed to a market cap weighted index like the s&p 500. doesn't make a difference if in a preice weighted index the only one, the dow, from which they're kicked out >> i hope they are not betting the entire company on getting into the dow nap would be a bad strategy. but, you know, again, a couple different things psa. if you buy general electric stock because they did an 8-1

stock you deserve to lose money. shouldn't do that. number one half jokingly, maybe thinking about splitting it you can buy more >> holy cow. >> wow >> genius. coming up, cruising into gms can the company gears up what's uer tndhe hood. we'll tell you when "fast money" returns. millions of vulnerable americans struggle to get reliable transportation to their medical appointments.

that's why i started medhaul. citi launched the impact fund to invest in both women and entrepreneurs of color like me, so i can realize my vision and give everything i've got to my company, and my community. i got you. for the love of people. for the love of community. for the love of progress. citi. hey, dad! hey, son! no dad, it's a video call. you got to move the phone in front of you like..like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most and $0 commissions for online u.s. listed stocks. don't get mad. get e*trade and start trading today.

welcome back a sneak peek at the cramer cam jim talking to the ceo of newell brands catch him top of the hour at "mad money" meanwhile automakers spending more on ev development than gas powered cars by 2023. the company plans bringing back dividends by early in the year up 2.5% in the early part of session, closed down traders betting that a turnaround could be in the cards. mike khouw has the action. mike >> we saw calls outpacing puts by a little more than 3-1.

and by average 2-1 and right now the options market is implying a move of 5.25 of a percent by end of the week after reporting earning roughly in line with the 4.73% the at least the $1.40 pe they paid. seeing profit there. >> what did you expect for gm? >> i expect good numbers from gm, although somewhat hampered by their inability to produce and interesting where is their inventory. >> because of the chip shortage? >> yes because of the chip shortage and had to idle plants for some time it's more about the future right? i think it's more about, we want

to hear what they have to say about their ev lineup and when we'll see that, and also i would love to hear dividend news from them. >> hmm. >> i just think the profitability of the core business that exists now is where investors should spenda lot of time. that's not the sexy part if anything, talked about a hybrid multiple and want to see them get an ev multiple, autonomous and multiple fuel cell trading in, really, basically nine times is what's exciting. that's going to be reaffirmed, i think. >> sideways, jeff mills, since about february this chart. >> yeah. trading sideways for about five months now part of the reason i would want to own gm here there was a big opportunity in evs. tim mentioned the multiple being too low. that's probably the case talking spending $35 billion over the next five years i'm not as bold to say gm is tesla at this point. look at the market value about $80 billion for gm

$400 billion for tesla the gap will close, and i like the valuation at the end. >> tune in for an exclusive interview with gm ceo wednesday morning 8:30 a.m. eastern time right after "the report. and mike, thank you. more "option aioctns" turn into friday 5:30 p.m. up next, "final trades." >> announcer: "options actions" sponsored by -- ♪ ♪ ♪ ♪

what happens when we welcome change? we can transform our workforce overnight out of convenience, or necessity. we can explore uncharted waters, and not only make new discoveries, but get there faster, with better outcomes. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change--

meeting them where they are, and getting them where they want to be. faster. vmware. welcome change.

>> announcer: "final trade" sponsored by -- back to the "final trade" around the horn we go. brian kelly? >> markets a little weak. first solar not. fslr, that's hot. >> jeff nels >> alumina looks like it will break out here as came off that $500 level. >> and tim see ymoureseymoure >> did you listen to heavy metal growing up. >> prices staying high a lot of demand there. >> a big eye roll. >> karen >> yeah.

if we have boosters necessary, i like cvs good for them first time around. i think valuation continues. cvs. thanks for watching "fast money. see you back here tomorrow ap 5:00 for more, don't go anywhere. "mad money" with jim cramer starts -- right now. 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. i'm just trying to make you some money. my job isn't just to entertain but to educate and teach you so call me at 1-800-743-cnbc. or tweet me @jimcramer. you want to know what works in this market? figure out what millennials want, and then give it t