lst $5 in perks. live overlooking times square, this is "fast money. and i'm melissa lee. tonight's lineup tonight on "fast," we're tracking lyft and caesars both stocks on move the conference calls are under way. and plus shares of robin hood, the stock soaring 24% to close above its ipo price for the first time we'll dig into what sent the

shares soaring and next pete why he thinks this home goods stock is a home run and we start off with two monster moves in retail. check out ralph lauren and under armour the companies raising risen guidance for the year as america seems to be on a shopping spree. a new report from the new york fed showing consumers are taking on debt at the faeftest pace in more than a decade soaring about $313 billion in q2 as we count down with walmart and target and more coming up in in the next few weeks. so is now the time to bet on the great american consumer. tim? >> i'm not sure. i think it is a better time to bet on the banks and i think the retail consumer following through after a pandemic with a lot of money in the bank for the first time, so even though some of the household income numbers have never been higher and i believe the numbers are right. the last three months you saw household debt increase the

most we're almost $15 trillion in debt and 75 is mortgage debt and does the consumer have more ammunition and are theyfinally getting -- look, the fed wants this they wanted banks to led and wanted the consumer to be out there and they are doing it. so i think right now it is very positive i think you heard from under armour and i think this is a turn around story, a major management change two or three year news a turn around seeing the tail wind of higher margins. they talked about on the closing bell how some of the sourcing is better than the competitors, they're in aa good spot, et cetera et cetera i think there is a lot of great news priced into ralph lauren. and i think some of the apparel brands are placing where we priced in the consumer coming back i think now that we're back to the normalized earnings, the two year stack, it's to me, i think there is a lot of great news price. i love banks and we could talk

about that in a second to me today is not a story to go out and buy the retail names it is a story to buy the recovery. >> to your number, that is comparison to precovid levels because that is a real -- that is a baseline, right, not during the pandemic in terms of ralph lauren, this is a continuation of the luxury story we've seen play out. so this could be a case of some consumers are doing well and others may not be. >> yeah, and that debt stat that you just threw out, i think it was interesting, liz saunders of schwab had a tweet about personal savings rate back to the february 2020 levels and when you consider that with the rolling off of a lot of fiscal stimulus and then the eviction moratorium, there is a chart right there, we're back at those levels so you're starting to see some of those high end brands that have been doing better over the course of the recovery over the last six to nine months or so, what i think is really interesting with the delta variant and some of the restrictions that might come on and some of the opportunities to spend some of the that money

abating a little bit i think you might want to go back to a walmart. we talked about it on friday costco and -- walmart is unchanged on the year and the chart looks good we mentioned this. danny moses highlights to me last week, it looks ready for a breakout and when you look at target and costco on just the runaway break outs that they are on, walmart reporting on the 17th, it could play a little catch-up. >> so back to the bunker stocks is what you'resying. pete najarian, you tend to be more optimistic. do you think it is back to bunker or bet on the consumer getting out there? >> i think it is okay to bet on the consumer i mean clearly when any of us have travelled if you are traveling as much as i am. those planes are full. you go into any stores, not just grocery stores, and it is bustling again and i think that kpur feels stronger and that is why the numbers look very similar. i think dan mentioned february

2020 when you look at what was going on then and then what we had to go through and where we're back to now, it seems like the comfort level is there and when you look at the volatility index, we cannot sustain over 20, mel we popped over 20 today. we were there for minutes and then before we know it we closed back down in the 18s and it is just amazing to me how quickly we actually just flipped and that is kind of what the markets are showing us right now i think the consumer is strong when we've heard so far through the earnings season thus far, we've heard some really stunning numbers. the under armyour numbers were extraordinary. absolutely unbelievable. and i think when we do hear there target and walmart and some of the big box sort of world, i think those numbers will continue to be strong the one thing i would caution, dan, i think you mentioned walmart over target. i look at target, it is till trades multiple wise really inexpensive despite the fact

that the stock has printed to the upside and pushing up against all-time highs right now. think this is a stock that is bound to go to 300. >> grasso? >> yeah, so we touched on it last week with luxury brands and i think the luxury brands are okay capri looks like it is still breaking out i told you it was a double or a triple even from the levels right now. ralph lauren, oddly enough, is back to that pre-pandemic level. sold off from 145. so i agree with tim, i don't know if you should rush inand buy these levels right here. but if ralph lauren holds 125, it is going up another 20 bucks. wait a couple of days and see if that happens having said that, when i look at royal caribbean, i switch gears, tim likes the banks, i like the names that have pre-pandemic level bookings rcl down 47% from prepandemic.

norwegianage cruise line down 60% from pre-pandemic. delta down 38% all of them, what do they have in common? they are busting out in bookings way ahead of where it was pre-pandemic so look for the bargain basement prices there is money thrown at the retail space, people who live through this hundred year pandemic, basically want to get out there and spend money. i think we're still okay in the market and in retail >> i mean, there are plenty of ways to spend money and it doesn't have to just be on a sweater or a pair of shoes, tim. >> although, i mean, dan loves a good sweater >> and a good vest i'm sure you're restocking your vest collection as we speak in order to get out there >> we talk about inflation and we spend a lot of time talking about inflation in the last six months no one benefits from inflation more than places like walmart. believe it or not, it is actually good for them so in terms of ticket sizes and their ability to pass it on to the consumer and this is what we're hearing from all of the

retailers. they have the ability to pass it on to the consumer the consumer is flush with cash and looking the other way and i this they'll do this for some time but back to the banks. what you heard in this earnings season is the credit metrics are improving. and i realize when you hear a number like household loan, debt, excuse me, is at highs we haven't seen and growing faster than it has since the last time we were on the verge of a financial crisis, 2007 is when people are linking the numbers back to, you do have a case where banks are in a very different place, the credit profile, banks are still holding back credit reserves from early in the pandemic that i think they could drop on top of you the next couple of quarters and give that back especially with some of the things that they've learned from the regulators. >> you know, listen, we're talking about banks and credit you have to talk about interest rate look at 10 year treasury yield at 1.17. it made a high of 1.77 back in

march or so. so i guess my point is when i see these debt levels going up like this, and we know sovereign debt levels are up massively, we know that a lot of municipalities have massive holes. what if rates were to go up in a short period of time and we saw from last year, early in the year from 1% to 1.8% and people were saying it is going to 2.5%. that is why you need to be concerned about debt levels and the leverage and the velocity that rates could move if things start to change especially if you're worried about inflation, if that he were to come back into the front view mirror or something like that. so to me, i guess you have to think about this stuff because it is happening at a time when we're starting to see a lot of fiscal rolloff. >> but are we worried about inflation. the bond market does not seem to be worried about inflation when you take a look at break evens. >> i'll tell you this, mel, if you look at the bum ber chart and they are all breaking down

so it doesn't seem like too many investors are particularly worried about it but we've seen rate moves that have gone counter to what the consensus has thought and that is a tough trade to be on the other side of it. >> pete, how would you position? is inflation, i don't know, a glints in your eye when it comes to thinking about the economy? >> well, i think it is certainly something that we are all keeping a close eye on i think it is very important and labor is one of the biggest. that consistently is something that we've heard about throughout earnings consistently has been that commentary about trying to find labor and trying to pay and that area is the area that is hanging on pretty well so, yes, we've had a bit of a pullback and some of the others that dan was mentioning, but i think the reality is that inflation that is most concerning to me has to do with wage inflation and that is something that i think many different companies throughout all different sectors is having to deal with and that is going to be something that i think we have to deal with going forward for at least the next year or

more and that is something that we obviously have to keep track of. going back to banks for just one minute i would say this i think the banks, you have to decide which banks, because there are so much differentiation in the banks and where they are and when you look at the rates and the rest of it, it is important to understand, what are the multiples, what is the price to book, that is something that we've been using for a very long time some of them are more than two to one other are much less. so there are a lot of ways to look at this including the specific financials that have exposure to the credit card space like a capitol one he think there is all kinds of different financials and i think when we just say banks, i just sometimes wonder, does the common folks at home understand what that really means so i think we just have to clarify what names we're talking about. >> that is a good point there. steve grasso, if you are a believer in the consumer in terms of the consumer spending, you have to believe in the banks, don't you >> i do. and dan brought up a good point.

you can't talk about banks without talking about interest rate and the problem is if the ten-year doesn't tick higher then you'll have a problem with the financials and then you'll have a problem with the value trade. but i do believe there are pockets of the value trade that are going to benefit with a reopening and you know the names i'm long oln, tse and ge and wrk. and you safe ultimately but the value trade does hinge on interest rates moving higher tech will benefit if interest rates stay where we are now or even tick lower. >> i just want to add one more point. we're really through two-thirds of earnings season there are three consumer names to keep an eye on because the results were disappointing and the guidance was disappointing and that was amazon, we talked about it last week paypal is another. and spotify is another and i think the fact that these are three widely held names that we talk about all of the time, that disappointed on their

forward guidance, the very consumer centric, i think it is important to see how they end up trading over the next couple of weeks and if there was some kind of canary in the coal mine for similar names and pinterest is another one. >> are they a tell on the consumer >> are they bell weathers? >> when is the last time we've heard big names down going forward. that is really -- >> when is the last time you heard amazon -- i hear this. i think some of this is difficult comps. the other part of this whole household debt story is we talked about mortgages which are 70% of household debt and student loans are a percentage of household debt of 550% unsustainable. we know that credit cards are up 18% off of a 2003 level off the fed site. so credit card debt as a percentage of household debt is shrinking and dramatically and what does this tell you

about the credit card companies. because we just got done with numbers with visa. rushing to upgrade based on the quality of the margins and the tail wind for e-commerce and cashless transactions, i think it bodes well for credit card companies but they seem to lose the piece of the pie. >> look at the deal square just did. they paid $29 billion for a company that is helping consumers buy things so there are ways people are buying things without credit cards. >> coming up china crackdowns and ten cents is in the sigh and lyft and caesars on the the move after reporting results we'll bring you the tas endeilwh "fast money" returns millions ofs 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

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incentivize riders with lower price anz expected revenue per ride to continue to decline on a sequential basis q3 revenue light versus the street lyft giving a large rain for contribution, between 58 1/2 and 79%. as melissa lewded to, shares were up as much as 8% before those comments and lyft had that measure of profitability and adjusted ebidta that it and ubever been trying to deliver to investors for quarters now lyft reaching that milestone a quarter ahead of schedule perhaps raising the stakes when lyft reports tomorrow. on the demand side, they continue to outpace driver supply and that demand will continue to grow despite heightened covid cases and the co-founder john zimmer said they continue to welcome 50% more drivers than in q1

but it is still not enough and of course it continues to cost the company money and could keep that profitability metric flat in the current quarter, q3. so a little bit overshadowed there. one analyst points out that uber may have to respond with price cuts and more driver incentives. we'll find out tomorrow when that larger rival reports in the meantime, do not miss lyft's john zimmer on "squawk box" tomorrow. >> lyft have been pairing back on incentives, right, during the pandemic and shortly afterwards so are they reinstating, are they increasing them or continuing whatever level they have currently >> so they paired back on a lot of things in 2020 amid the pandemic like marketing costs and those incentives but when demand has come, roaring back this year as the economy reopening, they have had to spend more on incentives to get drivers back on to the platform and now it is locked in the competition with uber when the market was starting to rationalize. so i think that is the biggest question

and now they're introducing the incentive for riders on the rider and the driver side that their putting more money in however the idea that lyft got to that adjusted ebidta profitability flu cutting things like marking and other areas over the last year is an achievement. it is just being over shadowed by the demand that is coming back >> diedra, thank you. so it is a little bit of a give and take here on lyft you got that profitability measure hit earlier than expected. >> adjusted bead come on. >> it is kind of b.s. >> i know. i just want to be clear. >> wall street accepted that target and they hit it early. >> i would say this. why did this stock get creamed right after the ipo. because people were not happy about all of the discounting of -- or investors were not happy. so they're kind of getting it both ways. they're right in the middle. if there is a price war, it is not good for either of them.

it seems like the pandemic broke this model right now i don't see the incentives coming and there is a tradeoff for incentives. it is longer wait times and that is not the promise of the ride share sort of things so right now it seems like a murky thing. we talked about uber, that level. it just broke the may lows if they can't put up big numbers right now, the stocks feel like they're -- >> it is not apples and oranges when you compare the companies and lyft outperformed uber by 85% since that october earnings call back to the service and existential dynamics here. first of all, prices have to decline. people will not pay these prices and in urban centers, people are finding other ways to get around the dynamic went better driver supply and lower revenue per ride are things that i think overall are very good for this company in terms of the health i think if i looked at these trades and again i think uber is

the call over lyft here because again there has just been such a -- a sentiment around uber and the negative revisions and i think you look at the under-performance here, it is a very interesting trade on the other side and i think uber gets there. >> pete, how do you feel about getting hit on both sides in terms of incentive rider s and drivers. >> and we were just talking about labor and inflation and they are addressing exactly that the fact that they have to have the incentive for the drivers. it shows how powerful that side of things really is. now that being said, the number of rides, the numbers that we were putting up all is very impressive i think we all agree with that but i think to tim's point, uber has not pushed all that well it is not -- the performance has not been there i think tomorrow we'll see the kind of reaction that we started to see from lyft post earnings and that big lyft to the upside. i think uber has the ability to

maybe potentially give us some numbers that will make us a little bit more impressed and think it is because of the fak they're involved in all different types of rides not just the driving of folks but the delivery service and the rest of it i think right now because of the fact that uber has lagged significantly from lyft, i think that is the one that actually could have the most upside from here >> we'll continue to monitor this conference call our lyft shares are bouncing up a little bit caesar is up 2% in the after hours. the call is under way. contessa is licensing in. >> the headline is profitability. president and coo on the call said the d caesars broke an all time ebidta record in vegas. that is in the gaming industry that is what the insiders pay attention to in the regional, the profit margins heria-dropping it was 51% margin in las vegas unheard of 40% in the regionals and in las

vegas that was achieved without significant group business, with mask mandates in place, social distancing and occupancy limits of 50% max for that was two of the three months of the quarter. on the call ceo tom reed called demand exceedingly strong. he said, look, given the covid delta variant, sure there could be some bumps in the road, but he certainly sounds optimistic that all of the demand that we're seeing, the occupancy that we're seeing in las vegas will survive what is in store and then they're addressing group business as well this is the all important factor in las vegas really important for mid-week business reid said conventions booked for the second half of the year are up 18% compared to 2019. they have a big new facility there, they're going to use it to the max i just heard this on the call. free cash flow of $10 per share. look, record breaking quarter, there is a lot surprises to the upside in this report and this

call, melissa. >> keep us posted. thank you. steve grasso, nice move here on the back of this >> yeah and you would have to play mgm for the same reasons. mgm is weighted toward las vegas and they do in a normalize world.2 billion in revenues so stay away from things that are gauged against knack ow, so stay away from lvs or wynn and say china will come back eventually and go back that way but i'm a buyer of mgm on the the back of cesar. that seems like a no-brainer if you look at the charts, they are identical and they both stopped on a dime on the the 200 day. >> the convention business does seem to be coming back i'm getting emails about conventions in various locations for the back of the year >> you love conventions. >> just as much as anybody else. i do, tim. >> i think something else just quickly on caesars, how about the online sports betting and

i-game this is really what i think is driving this multiple. so i don't care about vegas. i care about the trends and this is where i think the premium has been put in. caesars over mgm and i think some of the competitors and think that is the driver. >> let's get back to contessa. we're talking abouti-gaming. >> so they closed this deal with william hill a hundred days ago and they just launched the cesar's sports book app. tom reid said on the call they're getting ready to spend a billion dollars on marketing over the next two and a half years so those people who thought -- >> billion >> $1 billion on marketing in most of the markets fan duel and draft kings gain most of the market share and cesars is coming at this late to the game they've got an ad that will play in the olympics on thursday and so we'll talk to tom reid about this tomorrow. he's going to be on with me on "squawk on the street" and talk about how do you elbow out some

room when you have so many other established players in the space. >> so the billion dollars c contessa, there is a lot of promotions and sure bets or first bets >> they have more than 65 million people in the cesar's reward system members to maximize the marketing what they've done is they've incentivized all of their employees. they've got 60,000 employees, i'm pulling that number off the top of my head, they're going to take all of the people, not just the casino hosts or the house cleaners or bartenders they're incentivizing them to sign up and download the app. >> talk about deploying an army of promotors that is interesting. thank you. we look forward to that interview tomorrow pete najarian, for sports betting you go with caesars or a draft kings? >> i'm still with draft kings

and this is a great move by caesars and i think it is very smart. they should be in this spot. but i think draft kings was the early entry into that world and i think they still have that power going forward unless they stumble i think caesars is looking at them from behind. but it is absolutely a spot, tim points it out. this is a spot where they have incredible growth. but i till think vegas is very important for them and obviously everything that we're seeing said that vegas is back and that is something great for them going forward as long as the delta variant stays at least a little bit more calm like it has thus far. >> we're just getting started on "fast money. here is what is coming up next. >> china crackdown continues and jp morgan warns the streamers could be next. plus, our own pete najarian is winding up and getting ready to throw some heat his fast pitch is coming your way. we've got that and a l motore

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welcome back to "fast money. we're continuing to to follow china, beijing putting a new target in its sights gaming stocks. we're on the ground in china with the very latest. >> a journal linked to official news agency xinhua attacked online gaming calling it opium of the mind and singling out ten sent for the popular titles. the government is targeted gaming in the past and just this year president xi called video game addiction a mental health concern for kids and the same speech he described after school tutors as a social problem.

but once the report raised fears beijing would crack down on the industry, it was deleted and later showed up with a bland watered down title it is unclear when and if the government will reign in the sector, but ten cent doesn't appear to be taking any chances. today they unveiled new curbs for kids access to the flagship game. >> thank you very much interesting how that happened. the article comes out, china's most valuable company takes a nose dive. the article disappears andcome back severely edited what do you think of this? >> well, there has been some feeling that over the last week or so that the chinese regulators are trying to understand just how heavy handed they've been and whether they should change some of the tone and the style and that meeting last week with the csrc and the banks an the market rallied. i think it is just coming in there and supporting the market and i think ultimately i don't think any of that changes.

maybe that story disappeared the boot on the neck is not coming off any time soon and i made my point over the last month is that each event becomes part of a mosaic that is awful one offs and some of the early reactions in terms of monopoly and alibaba and that is not my view and i don't think you chase ten cent not just social but because of the gaming influence and they're investments into us and global tech have been very, very leading edge this is a sad time. >> see, i thought, the way i interpreted it and i'm just a lay person observing this whole thing, no skin in the game orring in like that, not an expert, is that china, the article came out and then they realized the impact it had and they walked it back. their version of walking things back just like --

>> why do they care. >> because they don't want their markets to tank. >> i think they spent a lot of time, i agree with that, trying to make sure that china is money center markets and they get their weightings but what is more important in terms of social and regulatory control. i don't think there is a -- >> the shanghai composite is seeing massive damue to the lar cap china etf, that is down considerably but their market is actually fairly well in tact if you're looking at some of the different indices so maybe it is a matter of getting some of the companies in line and supporting the broad market >> as beijing goes after gaming companies, our next guest said there is another group that may come under fire. joyce, great to have you with us >> great to be with you. >> what is that next group what is that next industry >> i think there has been a real

government focus on teenager protections. so it could be live streams. but the one thing they have in common is they are new economy sectors which is seeing aggressive growth and high profitability. and these aren't rush decisions. you've seen a pick up in the regulatory changes since the anniversary speech for the community party on july 1st. and a lot of this follows what has been laid out in the five-year plan which talks about common prosperity. and what does that mean? that means lowering education costs, housing prices, reducing cost of raising children, reducing wealth inequality so i don't think these are rushed decisions i don't think their anti-capitalist or meant to cut off foreign investment i think it means a strengthening of the chinese community party position and a clear message they're going to focus on achieving common prosperity. >> do you think that regulators are worried about the impact this is having on its own stock

market, maybe they don't care about foreign investors in the stock market, but they certainly care about foreign investment and they do care, i would imagine, about domestic investors as well. >> do you t-- i do think they w capital in their terms in shanghai and hong kong so there is an awareness but i think the consumerist party takes a long view on this. it may lay out plans for five years and in a lot of the plans, the intentions were very clear common prosperity, upgrading digitalize is and technology on a five to 15 year time frame so they targeted the areas where there hasn't been much regulation but they've had growth and high profitability. i don't think they're going to do anything that really damaged the overall objectives they have for infrastructure and i think we've seen episodes like this before so, i'm over the long-term, i

think that the apple doesn't really change. but i think you could see some harsher than expected regulation for the next quarter or two in certain sectors and the internet sector and other sectors like live streaming, fin tech, some of the medical industry that ends up being impacted >> joyce, it is tim, thank you you've been doing this for a long time watching china plan this course for making their markets globally and i think jp morgan has said this is very important to them. take a deep breath and they're moving forward and they're not going to get too far out of line here but the issues you're talking about both socially and in terms of the new economy and the digital age are significantly bigger, i think, than the markets to them. do you have a call on this because we just care about how we're going to navigate the markets right now and agree that the social issues are complex. are we collateral damage for the foreseeable future.

>> i think the capital flows into china. given the pandemic nobody would have thought at the beginning of 2020 that you would have $557 billion of foreign portfolio investments go into china during the pandemic. so i think what you see are some very aggressive growth, very high profitability that occurred very quickly now i think the government is saying, look, we want to see more transparency, more regulation we also want to see that monopolies are addressed a lot of the same issues are coming up in the u.s. as well. so i would not be surprised if you see more rules on fin tech, on anti-trust penalties but i don't think they'll change the framework on capital into china and still we have things like china's inclusion in the index occurring and flows that are still close to record flows even with the events that we've seen. so it is a longer term view.

but i wouldn't rule out the short-term volatility continuing and more regulations still to come. >> last quick question, joyce, and that is what is your top, your favorite emerging market to invest in from an equity perspective and what is happening in china, does that influence your pick for this top emerging market? >> we had gone over weight in some of the latin american countries and it was about the value story not the growth story. you will see a rebound from the lows so brazil and mexico, we've gone over weight. we also still like the energy sector so russia as well. so i don't think that china effects us i think china is more of a local issue. and even though over the long-term, i don't think it changes the china story for foreign investors. china is going to approach capitalism in a different way and this is targeted to new economy sectors which have seen very aggressive growth in the last two years under a high profitability. i think it is very focused what

their objectives are. >> joyce, thank you so much. good to see you. for foreign investors, joyce said, pete, for you, does it matter does it make some of these names like a baidu a no touch for you? >> quite honestly, mel, i've gotten more and more concerned over the last year or two or more about some of the chinese names and because of that i have shifted just completely over to just options and the only reason i've done that is i feel much more secure, i know what my risk-reward is and i feel comfortable because of that. because when i'm looking at these as stocks, boy i'll tell you what, we just don't know and she mentioned a couple of different times there, she talked about the communism and the communist approach and so forth. when i heard that, it just -- it dawns on me once again that they can make decisions that maybe i don't really want to follow along with and doesn't make sense to me and because of that i would rather be in the options

where at least i have the flexibility and i know exactly what my risk-reward is going into a trade. >> i think i'm listening to joyce and again i've been listening to joyce for a long time in emerging markets she's basically, what i heard, is don't worry about it. >> long-term don't worry about it. >> china is not that big of a deal i'm a little surprised to hear about it, not that it is a rational true before you the index is 43% if you removed ten cent and bobba like it was ten years ago to domestic stories like chinese banks and insurance companies all day long but these are companies that i do think are still in the cross-hairs and that is a big part of the waiting. but look, again, it is a great view and i do think ten sets and bobba are great companies, right now they are headwinds. coming up, clear secure heading south. we'll tell what you is behind that move in a few

but first pete is taking the mound winding up to give you his fast pitch we'll bring you the name when "fast money" returns

welcome back to "fast

money. stocks closing at record highs today and pete said there is one name that was a big pandemic winner that saids set for more gains ahead. so what is it, pete? >> it is williamson oma and i'm excited because laura albert has been an unbelievable stewart of this company she's been there for nearly three decades and she was the present at pottery barn when she transformed and them and when she game ceo, he transformed them into a behemoth 50% of the sales within four years were on the online side and now well over 70% of sales on the online. think the vision for future was key in why this company is doing as well as they are. when you take a look at what they're doing and you look at where the p.e. versus most of competitors, they're trading at 14 times earnings. they're extremely inexpensive. they've got very little debt

they've got $8.5 per share in cash and there is about a 10% short interest there so if this stock starts to get moving to the upside, there will be some folks that are going to get a little bit more anxious about what is going on with the stock. that all being said, it is still about growth and they have plenty of growth there as well. in the 11 years since she's been there, the earnings have gone up 850% as may matter of fact, the stock is up about 850% so almost in every single metric that i was looking at today, i was just thinking to myself, this is an absolutely almost flawless company in terms of all of what they could do to control the narrative and obviously e-commerce was huge throughout the pandemic but it was even big before and it will be big afterwards. they have shrunk their share count in the last five years by about 15%, the last ten years by about 28%. so just about every metric as i mentioned is there and plus we have monstrous call buying, the november 170 calls

selling puts to the down side. i think there are reasons where this is a stock that not tao long from now started pushing back up toward the $00 level. >> this is headquartered in minneapolis. >> it is a west coast company. >> exactly. >> sonoma. so i know that is unusual. >> very unusual for you. we have a question from steve. steve, go ahead. >> okay. hey, pete. so when you looked at it, you named a bunch of different things that i totally agree with and you slapped out a lot of metrics that no one can deny but two things, when i look at chart, the stock is down about 20% from recent highs and it has developed a declining trend line and another question, when you look at this, are you bullish on restoration hardware for the multiple similar reasons because

that chart looks a lot better to me than this one. >> i do like restoration hardware to your point it is another great company and we've seen that stock do well. they've done a lot of right thing as long the way as well. part of the reason i like this one is not necessarily the negative of the chart, but the fact that it just hasn't had that performance it is dropped back down and i think that creates the opportunity that i see for the upside and by the way, we all know there is a lot of charts at the bottom of the ocean so we'll see if this is one that breaks down and we see the stock break to the upside. >> i like that one no more questions. we're going to vote now. are you buying pete's pitch on williams-sonoma. tim see moyer. >> i'm a buyer whether it is dutch ovens or -- pete is doing it that is pete keeping warm next to an oven and i think this is -- >> there is a d on it. >> with a d next to it

you've had enormous investment in their digital business. they are the digital, as pete said, home furnishing retailer and they continue to grow, 850 bips. >> dutch, i believe. >> grasso? >> i'm going to say sell i love brother pete but when i look at the technicals, the 50 day has pierced the 100 day to the down side and it is trading below the 50 and the 100 day so i'm staying clear of this one until it tablized. >> dan in. >> grasso was harsh there with the sell i'm saying not a buyer that was a great power pitch he surrounded the trade and that is what we look to do. >> you don't have to sugar coat it. >> but here is the thing but i like what he's doing i like the idea, i'll bet you he's long calls or call spreads or short puts against the calls or something like that that could be a trade. that little down trend, you could probably move on a beaten raise back to the prior highs so i'm following market rebels over there. >> all right the traders have spoken.

but now it is your turn. are you buying pete's fast pitch? vote in our twitter poll at cnbc "fast money. coming up, options traders are betting roku will pull back. we'll bring you the action when "fast money" comes right back. >> miss a moment of fast, cah othe go, follow the "fast money" podcast .. was another around the corner? or could things take a different turn? i wanted to help protect myself. my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot. almost 98 percent of patients on eliquis didn't experience another. ...and eliquis has significantly less major bleeding than the standard treatment. eliquis is fda-approved and has both. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness.

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welcome back to "fast money. roku is set to reporternings tomorrow let's get to mike khouw with the setup. >> so moving up about $35 a share over 8% of the stock price in line with the 8% so that moved over the last eight quarters and calls outpaced puts the trade that caught my eye was the september 20, 440, rinking about 640,000 in premium on a bet that the stock could rally 6% in which case they would see a payoff of 1 1/2 to 1 >> catch anthony wood tomorrow on closing bell and tune in nmorrow at "options action. upext final trades and the results of the twitter poll. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center.

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twitter poll on "fast" pitch, you lost, 52% said no final trade time pete, what do you say? >> i'm going to say pfizer i think it is going higher. >> steve >> you, jp morgan gave you a

gift, chopped off 10%, buy. >> and bwz is a winner in the absence of china. >> dan >> i like xpi here, thank you for watching "fast money." we'll see you back here tomorrow at 5:00. meantime "mad money" with jim cramer starts right now. 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 crame! welcome to "mad money" welcome to cramer. i was trying to make money my job is not just to entertain you but educate and teach you. call me at 1-800-cnbc or tweet