virtual, he's not going to announce the taper >> between that and the idea, you want a couple more job reports before you get consensus on the committee to signal specifics about the taper. some of the suspense during that speech, but not all. >> not all not ever jackson hole, always a fun one that's going to do it for us tonight on "closing bell." "fast money" begins right now. >> this is "fast money." i'm melissa lee. tonight's lineup -- tonight on fast, the biggest bull on wall street says let the good times roll wells fargo's chris harvey sees another 8% upside for stocks by year end he'll tell us when we'll get there and when he see it the record rally running out of steam. plus, the rally surging. we'll break down how the traders are playing this move and we're all over the after hours action. shares of toll brothers and

nordstrom. we'll dive into those quarters straight ahead but we start off with a massive rib in chinese tech. soaring more than 11%. it is now up more than 14% already this week. look at the gains today. in names like pinduoduo, jd.com. but are worries about china's regulatory crackdown behind us or is this just a giant head fake for the sector? is there an emerging market specialist in the house? yes, there is in tim what do you say? >> there's a few factors, but you had some macros, support economic policy with monetary policy a couple of interesting dynamics, the change has opened up a shares futures to western investors. so the ability to access the local markets through the futures market the msci and market regulator

love this stuff and even the msci whsaid he thinks this talko china uninvestable is not true to the extent you haven't seen a massive exodus from the a shares market from foreign investors, that's been very good. you have seen a mass exit from tencent. jd.com reported fantastic numbers. again, they are not necessarily in the same regulatory spotlight as an alibaba. they really don't have the same type of antimonopoly and cybersecurity dynamics when these guys showed 27% growth, outlining at least a 32, 35% growth of the next couple of years and you look at a 22 times multiple which makes this a $95 stock, there's still a lot of reason to get excited about some of these names i don't think the pressure's been removed i've been talking about why i

don't think china really necessarily cares about the global investor as much they care about some of the social issue, but, but, we have seen this before. these stocks were overdone but if you look at alibaba, there's still such a long way to go for this stock to even get out of this down channel in fact, it's probably around 210 before you get out of that downward trend a really kbexciting move. weaker dollar helps. i don't think you're out of the woods. >> it wasn't too many days ago that tencent had its earnings call and effectively warned the industry there could be more regulations coming specifically on how to use user data from advertising and for advertising, dan so aside from the bounce, would you have said anything is different about the china picture and does the bounce change anything in your view in terms of your attitude toward chinese stocks >> you asked me that last night and i said no, but the price

action over the last 24 to 36 hours really does change the sentiment a little bit it makes you look in hindsight and say things got a little too negative given what we know then to me, i was focused last night on the fact that the chinese government took a seat on the board of bike dance. maybe the stocks are down so much in such a short period of time, but it's also been trending lower as guy would say, alibaba back there on halloween was trading up there, it's been cut in half since then even with this really sharp rally. listen, i might look to some other places i might look to korea, this coupang is a company that went public this year not a lot of great things going on 40% shortage look at the chart on this. cpng just made a mass low at about 30 bucks or so. it looks like it's about to explode. that's how i use these sorts of setups i don't have a position in this, but i'm starting to look at it

because you might have a similar move this stock was trading 45 a little more than a month ago >> south korea stocks don't have targets on their backs last time i checked, guy chair of the sec coming out saying that chinese companies should offer more warning to investors about the regulatory risks involved i don't know if that impacts whether investors actually buy them or not, but the point is that pressure is coming from both sides on these companies. >> no question about it, but there's also a window of opportunity. we actually talked about it last night, if you recall, which i know you do. we said the volume alibaba, i think it traded over 83 million shares, reversal was extraordinarily powerful off the low. made a new low closed higher on the day setting up well right now. i agree with tim i don't know if it gets to 210, but i absolutely could see it north of 190, 195. to tim's point, it will still be

in this down trend from halloween, boo so i think the trading opportunity was there last night and today. >> how about you, bk any change in the past 24 hours from when we had this discussion yeste yesterday? >> no. i think the difference is here, whether or not you're a short-term trader or you're looking at the bigger picture. on the short-term, bear market rallies can be vicious and you can make a lot of money on that and that's what i think is happening in the stocks in particular when i look at china, to me what's going on is they had a housing bubble during covid and typically what we've seen in western capitalist society, you bail out the companies, right? well china has said we're not bailing out the companies. we're going to bail out main street the chinese government is cracking down on it. i want to stick with what the chinese consumer is doing. i think china is turning,

they're going to support credit growth for small and medium businesses very, very positive, but i think these big names, they're uninvestable for me. so again, i would play it via copper via oil. those are ways to play the china story and the china growth without actually having that risk that you're going to wake up and the company has been liquidated or half size in price. >> the consumer is interesting you have to be careful of what kind of consumer you're investing in because it wasn't long ago either that president xi came out with strong words about income inequality. effectively sort of saying the rich people have to get back more to society. >> yeah, this common prosperity theme. it's notable and kind of, it's a little surprising that someone like jack ma has been very silent during all this when in fact there's an opportunity to actually give something back i've seen this in other emerging

markets. we'll call them oligarchs by any nationality and in china, there is an opportunity, i think, to show where there's maybe been some here. you're never above the state alibaba has 75 billion or so in cash i think they will be paying into this common prosperity theme and i think they will happy. tencent has put some in. do we know whose boss has the ring been kissed, et cetera. i go back to jd.com though 532 million active users they had a record in the quarter and we still think there's a lot of room for them to grow so at some point, managers say, oh, my gosh, i didn't think it was so cheap i would ever see this stock here again. that's kind of what happens when you have earnings reenforcement in a company that i don't think is as much in the cross hairs or the bull's eye as the big three. that's why jd was up 15% today

>> let's get more on the action we're seeing with china with the president and founder of regal resource group david, great to have you with us >> thank you >> you're a big believer in the long-term china growth story, yet right now, you are cautious. what would take china out of the penalty box? >> i'm really cautious about these u.s.-listed chinese names. they've told us u.s. investors are not allowed to invest in internet and telecom companies we've created these structures, these u.s. listings of cayman companies. i think that's dangerous we've been reminded by beijing they'll crack down on some of these industries for profit education. now some of the data stuff that alibaba and some are exposed to. the chinese story is strong, but u.s.-listed chinese names is not the way to play it

>> you like dmis domestically listed shares. are these in the a shares market or are you just saying these a share companies are betterd was they're just below the area where beijing would be focusing a lot of their fire. so these are high quality ways to play regional and national growth in china among consumers as well as in businesses >> david, it's tim great having you on because you know this market and i brought up earlier, i think it's not nuanced that the hong kong exchange opened up a shares

futures. they made the announcement on friday probably at the low of sentiment. what does thissay about china' awareness and their want to have their markets internationally investable and they look at this stuff and actually like it? does it change your view >> it doesn't. they want it to be on their terms. the problem is that thelisting that have come to new york have gotten out of their control when didi sort of gave them a stiff arm and went ahead with their listing in norm, that was a big red flag for beijing they don't like that they like stuff on their home turf, on their rules, on their grounds, in their markets. that's where they're going to allow you to play. >> how does this all shake out, sorry about that, in terms of the vie companies? if they change their structure, david, does that make you more willing to be an investor? jd or baba >> can't change your structure because it's illegal for foreign

investors to invest in many of the fields that these vies represent. full stop. these things will delist in the u.s. they'll relist into shanghai and be available there for people to buy on that side of the fence. >> you think these names are some of the largest tech companies in china will delist in the u.s. and relist in shanghai >> i do. i do >> wow okay david, thank you >> thank you >> tim, how would that look? that seems very drastic. >> will the train be leaving the station. i think if you think about alibaba, the minute they got the local listing, it was an enormous actually catalyst to the stock. loc local liquidity is significant i think that would still be devastating to the shares. i think, also, u.s. regulators have also known the point in

which to push and where they've also backed off. so look, anything can happen david's got a very sober look at what ultimately is the bottom guardrail and the bottom line i should say for the chinese government i think these stocks stay listed and i think for the near term, you are not going to see major chinese companies sneak through the back door and try to list in the u.s. days before the chinese new year and big important events in the communist party. these were major mistakes and we're all paying the price >> are you with david, dan, in the notion that these major companies would delist in the u.s. eventually? >> i have no idea, but if you look at the fxi, i shares large cap chinese etf and you look at the top three holdings and they are alibaba, tencent you look at their 20 something percent of the holdings, they're listed in the hong kong shares i have to assume for some of those etfs, that might be a

really good thing and maybe there's an arm there earnings alerts on toll brothers hi, diana. >> mthe nation's homebuilder bea on eps and came in around revenue estimates. q3 stood out, up 35% to accompany high units and dollar volume and backlog value was up. the number of homes in backlog, 10,661, was up 47% so quarter end backlog in dollars and units also all time records. doug yearly said the housing market is being driven by many strong fundamentals including low mortgage rates, favorable millennial driven demographics, pent up demand and a tight resale market. he said we expect strong and sustainable demand for our homes in the years to come we saw in the new home sales release figures this morning that the median price jumped

18%. part of that is because most of the sales activity is on the higher end of the market, which of course favors toll brothers the company also just announced a joint venture with equity residential to build more rental apartments melissa. >> diana, thank you. toll brothers right now just off fractionally brian kelly, what do you make of this move? >> yeah, it was down a little bit right on the initial play because it looked like it was a miss but when you look into the underbelly, you find out there is still very, very strong demand in this high-end. so they have a conference call tomorrow at 8:30 a.m you've got to wait until then to get all the information out but in general, looking at this, it seems to me that all of the zoom towns are still very strong. >> guy >> those geniuses at the fed should take a look at the average contract price

$944,000, which blew away what the street was looking for and mike talked about the call buying i think this quarter should set up the stock to take out 65 bucks. extraordinary quarter and the guidance they gave was pretty outstanding as well. >> all right coming up, the biggest roll on wall street as of today is there really another 8% rally in the cards find out if the charts agree but first, cybersecurity stocks on a tear today. how should you play the group? we'rhiing e ttthese names next "fast money" will be back right after this ♪ but entrepreneurs never stopped. ♪ and found solutions that kept them going. ♪ at u.s. bank, we can help you adapt and evolve your business, no matter what you're facing. because when you close the gap, a world of possibility opens. ♪ u.s. bank. we'll get there together.

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welcome back check out cybersecurity stocks surging today. we're seeing strong follow through to palo alto's results last night the stock posting thebiggest gain since its ipo crowdstrike also rallying. the move setting the cibr to a record close guy, you've been on this trade you were positive just last night and i believe, if i recall, z scaler was your final trade. >> look at you i mean, it's unbelievable, it's like you pay attention, which is remarkable yes, it was. i think you stay with it in earnings on september 9th and in

terms of palo alto, it was a remarkable quarter you saw a host of analysts raise their price targets. justifiably so in terms of pnw, traded about ten times normal volume. this move in the space is not over by any means in my estimation >> dan, i think you made an interesting point that if you're worried about, you know, a period in the markets where investors are going to scrutinize higher valuation stocks, there might be some places in the software sub sector which might be good buys at this point. >> yeah, you agree with me, mel. last night, we were talking about palo alto. expected growth in earnings and sales and on a relative basis, their pe and price to sales seemed kind of reasonable. at that point, i think the stock was up 8 or 9% obviously you had the breakout i would add another sleeper here we were talking about cisco's earnings last week the stock was down

we kind of poo-pooed it a little bit. that stock reversed and is up about 9% it's making new multiyear highs and if you back this chart out 20 something years, gets above 60 you know, there's just no room back to those dot com highs 20 years ago or so. they have probably 9 or 10% in market security. so that could be a sneaky play >> i don't think many people remember that cisco in this business, tim, and yet, here we are. >> i think, look, to me, that's what they do this is not a hardware company it's a software and security company. i couldn't agree more. i think the valuation there is compelling and i think they've made this pivot and i think they actually have as big a network effect to apply there. if you look at crowdstrike, first of all, yeah, year-over-year, massive move in this stock but the stock had been consolidating for the last

six to nine months and in north america, where you're north of 30% where you have more fortune 500 companies come in, at one point, the concentration point was something that hurt. i think they've done a phenomenal job of broadening that book. i think the valuations here are in some cases kind of tough to stomach, but the growth is extraordinary. the pricing power also for these companies, i'm not even sure there's a price their customers can't pay when it comes to actually following through on these services i think you stay in the spot >> bk, you jumping in on this party? >> yeah, absolutely. cyber ark is the one i'm long. i think it really doesn't matter you want to be long all of them at this point in time because tim hit on an important point saying you have to have this if you're a company, you have to pay the price for this we haven't had a major hack since the pipeline was allowed to go through. i don't think that's a surprise and i don't think that the cyber

attacks are over either. so if you're a large company, there really isn't a price that you can't pay to do this so i think the momentum continues >> all right we are just getting started here on "fast money." here's what's coming up next >> this rally is just getting started. that's the latest from wall street's new top bull. chris harvey of wells fargo securities joins us next to lay out why stocks can surge another 8% plus, rev your engines fordspeeding higher as the company doubles down on evs. the traders are putting the pedal to the metal on this trade, next. 'vgothnd a lot more when "fast money" returns. yeah...uh... doug? sorry about that. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers

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welcome back to "fast money. there's a new biggest bull on wall street. chris harvey upgrading his year send s&p 500 target. implies nearly an 8% gain. joining us for now is chris harvey chris, great to have you with us >> good to be back, melissa. >> what has happened to the backdrop to make you this much more bullish that you didn't see before >> yewell, three things in the first half of the year, we knew we were too conservative we didn't really understand how strong things were going to be when we saw 2q numbers, we knew numbers could go higher. then we started to do the research this is probably the most important thing to take away we went back 30, 31 years. nine out of nine times when the

equity market was up 10% or more in the first eight months of the year, every single time, the market continued to go higher. sometimes as little as 1%. sometimes, 13. funny enough on average, 8%. we thought that was very important. helped us get more bullish and the belief that numbers are going to go higher and fundamentals are rather strong >> you do think though there's going to be a pullback in the next year. >> yep particularly what you saw is in the first year of the recovery, which is what we're in, you see very strong markets. interestingly when it's the first year of a presidential cycle, you also see very strong markets. which is what this is. however, in year two of a recovery, we often see multiple compression. numbers still go higher, growth is still good, but you see multiple compression we combine that with the belief that by the second half of next year, we're going to see monetary policy become less

accommodating. tapering may be done and we may be staring at interest rate hikes. you combine that and you can see multiple compression we think there's a meltup this year, but a hangover next year and a bit of a pullback. >> you mentioned your research in terms of at month eight if we're up strongly. i think it was nine out of nine times we finished the year higher did it change from the seventh month and how much tighter does it get ten months in or nine months in? it's interesting that you're like, okay, at eight months, we're going to say this many times. yeah, the closer you are to the end of the year, chris, the better the read on the year is going to be. >> no doubt about it but that doesn't mean that equity markets are going to go higher what the takeaway is, we kind of see the number in a different ways the rich continue to go to the rich what's happening we have excessive monetary fiscal policy on the table we've seen that in other years

we've seen that in the first year of a presidential cycle the other thing we're talking about is we believe numbers are going to go higher and the reason being is the uncertainty about the economy, it's not so much demand side it's the supply side and the supply is beginning to work itself out. the kinks are beginning to get worked out and that means hey, we have price, we have volume, numbers or earnings can go higher and that, you know, what we've seen this year, is price follows earnings we've seen s&p revisions up about 20%. the market's up about 20%. so if we're right, we see another mid and high single digit eps revision and that puts us squarely into mid to high single digit returns for the rest of the year >> hi, chris, it's bk. i'm curious how this unfolds because if everything's thinking the fed's going to raise rates and taper, then wouldn't the markets start to price it in now? why would this time follow the other, i mean the fed has been more transparent than they have

in a long time so why would this time follow that pattern seems to me it would just be priced in today. >> it's a great question and i'll bring you back to i think it was 2004, 2005. i remember greenspan saying this scratching my head at the time he was saying as we start to take off, raise rates, there's still excessive monetary policy on table even when we start to taper, we haven't started to taper, and we do, they're still buying bonds, you're going to have more monetary accommodation than you almost ever had in the entire history. it's going to take a while for that to come off and so it just don't turnover night the other thing that's happening is qe in my opinion and others opinions, it's helped flatten the curve. a lot of people take that as a signal, oh, the economy's slowing down we don't think the bond market signal is traditional so when we see things normalize, we think

that can be helpful for the reinflation trade. >> your top sectors are banks and capital goods. great to see you thanks for your time >> thank you >> chris harvey. you can read more about his big call on cnbc.com he sees another 8% upside. what do the charter say carter, what are you seeing? >> not sure i can setting the score, but at the end of a few charts let's talk about the wall street convention of price targets. a few slides and charts. first, 1928 to present that's all the data we have. what do we know? markets are built to go up they've gone up 63 years gone down 31 probability of being up, if you call that statistics, is 67% more gdp more oreo cookies, more cars, generally we ascend. slide two. the median mean gain well, the mean gain in any given year, 7.9%

the median, 11.1 you can see it there on your screen so a chart of the s&p with the trend line what do we know? right now, we're up 20 so we're up double the median dw gain of 11 we're up 20. were we to stay on this trend line, final chart, we would actually reach 4950 and be up 32%. so to go to 4825, the level we were just hearing about, that would be up 28% for the year and we've had drawdowns along the way. we haven't had a 5% drawdown plus since march so can we extrapolate the trend? that's fine. but let's maybe for two seconds talk about the convention of price targets. friday is the last day of the year it's a friday. what's different about that day and the proceeding wednesday, the 29th of december or the following tuesday, january 3rd there are 23 sell sign strategists and their job is to do a lot of things, but one of

them, which is silly, is to try to say where the real stops at 4:00 p.m. on the last trading day of the year. not one person knows that. to that extent, it's a silly, wall street convention what we know is markets go up most of the time and time is better spent, i think, and this is important to say, trying to find winners >> all right it's great to have you because you just call it like it is, but going back to the trend line, carter, you believe it will remain in tact >> i think we break the trend line >> down? >> oh, yeah, yeah. i think we, look, we haven't had a 5% plus drawdown since march we're long in the tooth for that and we're ever closer to that trend line so a break of the trend line 5% would take us below the trend line >> thank you wouldn't it have been great if we had had chris and carter up

at the same time and carter basically said what you guys do is just silly? that would be great tv >> that's typically something that the producers of television, it's their want to do, but in this world, both carter -- i mean, both people can be right effectively we could see this thing go up to 4825 without question just given the momentum the market has and you can see the pullback that carter speaks of i'll say this. in terms of sectors, i still think you want to be in the financials i know tim's talked about this i'll let him talk about individual stocks. citibank is too cheap. it should be trading tangible, about 78 bucks and oh, by the way, get a little momentum, it will take out the highs we saw in january of 2018, which i think is a little north of 80. so i think you can stay with the citi trade here. >> maybe we're sillier for talking about these price targets. but where would you go here in

terms of our direction >> carter, ever thoughtful and rational just like, the tone of his voice. and guy ever diplomatic. i think to the extent that the financials have some room to run, especially in a world where i think the low for yields has been put in for the foreseeable. i don't know how long, but i think i'd like at the dollar and running into some resistance, but arguably to 94 put in your 4.5% move. all this will be supportive of cyclicality and certainly banks, but look at that move of the energy sector off the 200-day. a move of 4950 or whatever chris was outlining cannot include any federal reserve. and that's the key here. i'm not sure that's the fed we have right now they've certainly been guiding us in both directions but i do think you have room for cyclicality and those that have underperformed drastically over the last six weeks >> all right coming up, ford driving higher as the company doubles down on

its ev ambitions first, we've got another earnings alert on nordstrom. we've got the full details when "fast money" returns

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we've got an earnings alert on nordstrom let's get to bertha coombs >> nordstrom beat on three big numbers. more than 20 cents better than the estimate 3.66 billion in revenues with 9% above expectations trouble is that was still down 6% from its sales of 2019. still, 35% gross margins also beat 1.5 percentage points better on lower markdowns. on the call, the ceo said that loyalty club members contributed to 70% of q2 sales and that it was a driving force for the anniversary sale while the cfo noted that in-store sales are coming back. the anniversary sale revenues up just 1% of 2019, but helped drive sales of higher margin

non-event merchandise with designer sales above 2019 levels shoes and dresses among the strong categories. citing freight and labor cost pressures. though they are expecting that to continue, they see the sales momentum remaining strong and e expect full revenue growth to be above estimates. they've talked about it being potentially lumpy because the whole issue of supply chain is tough for them they had to bring stuff in faster for the anniversary sale and expect that to continue throughout the year. >> thank you brian kelly, how do you parse out some of the details from this call? sort of a mixed bag here >> yeah, it's a mixed bag and the company itself is facing a couple of different challenges not only are they facing challenges from the industry being completely disrupted, but they're also facing challenges from the supply chain and labor costs. so freight and labor, those are

two words that you're going to hear a lot as we go into the last half of the year. you look at what's going on. some of the ports that were closed in china. you look at the cost of freight. how long it's taking to get freight from china over to here. it's about 47 days up to 70 days all of those things are going to hurt the margins for a company like nordstrom and several others so we just talked about the s&p. i wonder if we think about what is going to be the catalyst for a correction in 2022, it actually might be this margin compression as freight and labor continue to erode the margins. >> what comes to mind is mike wilson, i don't know when, saying the thing that could royal the economic recovery is supply chain issues and shortages and here we are facing some of these issues now and guy, the fact of the matter is you have to start thinking about the holidays because of these supply chain issues in terms of getting your goods to

make sure that you have them on time >> and you're taking me down the holiday path ho not not going to play your reindeer games. you're seeing it when you go to home depot and things aren't on the shelf. some are dealing with it better than others. i will say that just looking at the nordstroms numbers, i would have thought the stock would have traded higher on the back of this. anytime you see 100% sales growth, it makes you scratch your head. i understand what bk is saying i still think dollar gen has room to the upside i think home depot got it off the mat off a really difficult earnings release nordstrom is obviously in a six-year down trend. >> then we had the best buy story today, tim a stellar quarter. no problems there. >> yeah.

i mean even yukon cornelius would have loved these numbers look at those u.s. comps maybe the most important part is that their operating income was up 40% year-over-year. there's also this dynamic where they're finding a way to change the business model they've got this total tech and subscription service where they are getting folks into the store more frequently. they are locking them in to contracts, which you know, effectively bring them a recurring revenue stream that they didn't have before. again, profitability that wasn't there. look at that stock after doing nothing for the last nine months or so. the maybe out to break out of this 123, 125 level looked like it started to do that today i i think they have a fantastic holiday season people are not paying attention to prices now and i think those margins are going higher coming up, ford getting into the green today as the company looks to ramp up production of

its ev pick up and later, options traders are gearing up for salesfoe rc earnings tomorrow. "fast money's" back in two

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check out shares of ford, revving up today sources telling cnbc the company doubling its production target for the f 150 lightning truck due to strong demand they need to roll out 80,000 of the full size electric pick ups a year by 2024 dan, we've talked about the rating of ford and gm for a long time, but this doubling production, that's a lot >> yeah, listen, i think that the automakers, they know where their targets are by the end of the decade they know what the government wants here they know what the demand is like for these hot models here i mean at these early stages here, and i think ford and gm and toyota and some of these guys, they know how to make cars so i don't think they're going to have a hard time doing this i think ford is a great way to play it. i think a lot of investors thought that remember that run up from 9 bucks to about 12 then we consolidated then went for about 12 bucks to nearly 17. i think guy wanted to put a dollar in earnings on that

sucker and got them to 17 bucks. here we are back at 13 hold that 200-day moving average down there at 12 bucks i think you play it against that and you might get a year end rally up to those highs. >> let's just say it's the f-150. that's their ticket and the rest of the stuff, the maverick, all the other ev sort of portfolio is okay, but not amazing is that enough to justify where ford is trading right now? >> best-selling car in north america. most profitable car in north america. a company that's never been more efficient in their overall business has cut out a lot of these loss leading businesses in latin america, they're close to breaking even in europe the thing you love about ford and gm and more gm than ford, frankly, is that you sleep at night that these are companies that are well-run. their oems they've been doing this for a long time. they're transitioning into ev. maybe late

maybe somewhat forced, but there's no question where it's going and it gets back to companies, to me, on profitability. i think the leadership at ford is about as tuned in as a management team there has been in a long time and i love the way the company's running. these pullbacks of 25% almost each to a tee on supply disruption dynamics aren't taking away from longer term trends fleets are on the road people need to commit and get into connected car and technology status. none of this is changing it's only getting better for both these companies >> agree brian kelly, should we be worried about cannibalization? it's not necessarily an incremental buyer that's buying the f-150 lightning. it could be a replacement for the regular f-150 combustion engine >> it could be, but we're talking about tremendous demand for a decade or more so when a company like ford makes a decision like this, that's not being taken lightly so they're seeing tremendous

demand it's more of a transition rather than a cannibalization and for me, i'm a ford guy at heart. i'd much rather drive a ford than push a chevy, as the old saying goes. >> i had a chevy that was my first car. coming up, a force to be reckoned with. option traders digging into salesforce ahead of earnings we're laying out the trade when "fast money" returns >> miss a moment of fast catch ati ousnymen the go follow the "fast money" podcast.

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we are taking a look ahead to salesforce earnings tomorrow after the bell mike joins us with a set up in the options pits what are you seeing? >> so taking a look at salesforce, we saw that calls outpaced puts by about two to one and traded about 1.6 times. right now, the options market is implying the stock could move about 5.7% higher or lower by the end of the week. that's less than the last eight quarters one of the trades i was looking at that sort of demonstrates what some institutional traders might be doing to position themselves going into earnings was 1,000 lot that printed in the september 3rd weekly 270,

280 call spreads about $215,000 in premium total and making the bet that it could rise 5 to 8% by september 3rd. >> guy, what do you make of crm right now? >> well, as you recall, dan nathan called it one of the best looking charts and i got to tell you something. i think up to 284ish, which was the high this time last year, is probably going to happen mike points out the implied move i think it gets there, but then fails. i like what dan said i think both may submit. i might be right on this sucker. >> dan >> well, listen. it looked like it was about to break out. it's underperformed many of its sass that less than 6% implied move, if you want to make a directional bet here, you're actually risking less than 3%. so if you think you're going to beat and raise and they're going to talk about the integration of the slack deal and there's going

to be a lot of good things to say, i suspect he'll be on cramer, a 3% at the money bet to bet into this thing makes a lot of sense to me if you're bullish on the name. >> tim, do you like salesforce >> i do. the question we've been asking about other software companies, salesforce actually relatively cheap to peers is what's the multiple, the market cycle, and there's been a time to own these stocks with both hands dan's pointing out the risk reward there i think you've got a case around the integration and platform and the effects of this $200 billion business and how they've been able to absorb these acquisitions >> brian kelly, it would interesting to see what they say about enterprise in the conference call. >> yeah. this goes into the whole thing of there's going to be a hybrid workforce. we know that that's going to be a sustainable trend. i am not going to bet against

mark when it comes to this type of sustainable trend i also want to see how that slack integration, what they're saying about that. that could be a catalyst as well so i like this trade it's got the momentum. so i would stick with it >> all right mike, thank you. for more options action, tune into the full show that is friday, 5:30 p.m. eastern time up next, we've got your final trade. when traders tell us how to make thinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders - they're made by them. thinkorswim trading. from td ameritrade.

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time for the final trade around the horn. tim. >> sad day in rock and roll. charlie watts, who's been a winner for as long as ford motor company. rest in peace. >> dan nathan. >> yeah. s&p's going to 4825 and disney is going back to 200 >> brian kelly >> i'm going to bring a blast from the past here with rare earth mp materials good entry point >> guy adami >> a great story behind that i know, mel, you're a huge

rolling stonesare. i put him in the parthenon halliburton. >> all right thank you all for watching "fast money. see you back here tomorrow at 5:00 do not go anywhere "mad money" starts right now make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, 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 save you money. my job isn't just to entertain but to educate and teach you call me at 1-800-743-cnbc. or tweet me @jimcramer whatever happened to the death star, the old nickname for