holding on well through august >> quickly say as well, keeping an eye on wells fargo. closed down 5% on reports regulators are considering more punishments as opposed to the story a few months ago, which was existing restrictions might be lifted. so a big swing there would you say the stock was already up on hopes that this story would ease and it's still up 51% year-to-date. keeping those in mind. >> that's going to do it for "closing bell. "fast money" begins right now. have a great night >> all right tonight on "fast money," break out your rally caps. tom lee is here and he's calling for a september surge and names the best opportunities for your money as we leap into fall and the stock rallying and we are all over the afterhours action in shares of crowdstrike and pvh. both stocks on the move.

very different directions. one down, one up 7%. the latest from their quarter straight ahead all right, welcome, everybody, and good tuesday evening i'm brian in for melissa and your lineup, guy, tim, karen, and dan nathan so let us know kick off this big hour talking about what else this red hot summer for stocks and maybe rolling a lucky seven. the s&p 500 now with its seventh straight monthly gain. it hit an astonishing 12 record highs during the month that is more than any other august in history. financial and telecom stocks lead the way each gaining about 5%. energy, the only sector in the red and it's given up its spot as the best performer of the year however, the question is not what we've done. it's what we're going to do, guy, and everybody says okay,

i've made a bunch of money could we get a minor move down heading into september what say you >> hey, brian. love to hear what tom lee has to say. obviously he's coming on as you know, being the craps player you are, seven's only lucky on the roll out. when you have a table full of chips, it's not the number you want to throw. just a matter of time before seven comes up the wrong way that said, where do you want to be i think these resource trades although they've given a lot back, i don't think that trades over wells fargo, not withstanding, the bank still makes sense american tower, i just looked today, another new all-time high the stock continues to go higher valuation a concern at close to 30 times next year's number, but they have this international growth that a lot of people are getting around so there are some sectors that still work in this environment

>> all right to follow up on that analogy, listen, forget about craps i'm an elite blackjack player. i always hit on 18 doesn't even matter what the dealer is showing. i'm kidding. sort of. are we hitting on 18 if you're putting new money into this market right now >> well, you play by the book and ultimately, you know, the book tells you that september is the worst month of the year. it tells you where you are going sometimes is a function of where you have come from and sometimes taken a couple of chips off the table when you've had a market look, the s&p from just those d intraday lows we saw on the 17th, 18th, eight trading sessions is up 3.8%. the vix has fallen almost 40% in those same days. the sense the fed is out of, first of all, the fed is not pulling the joker card and that you've got a dynamic here where it's smooth sailing, i don't

agree with that. we reminded again this morning that the ecb and other central banks are also trying to pick their spots. by the way, eu inflation at 11-year highs. we know that story around here i said it last night to you, i'll say it again. more fed, more central banks equals more volatility but i do think when you look at the underper fforming sector, y have a nice kind of hybrid between growth and value there but although yields have pulled back over the last couple of days, you started to see some of that trade work, today agree with guy you've got an opec plus meeting coming up and there's decent support for energy because i think these companies are where you know run better. i'm cautious on positioning. the nasdaq's outperformed the s&p by 8% in the last three months about and i think that's the case where people are still questioning where growth is going to be in the fall. >> more bullish maybe on energy. tom lee might agree with that.

dan, first to you. is the trend, the trend seems to be our friend here, but there's always things out there. what are you looking at? what are you advising your clients about? >> well, i don't have clients, brian, but i would tell you this, for our viewers out there, the trend has been the friend. draw a line. take a ruler from the lower left of most major u.s. indices large cap, you know, indices and just draw it up to, you know, that's what it looks like nice 45-degree angle you can also do that on the resistance side. if you look at the ndx, where it topped out yesterday is really at a very technical, extended level in my opinion. so i think you have to differentiate what you might think of an investment time horizon versus a trading one from a near term trading one, i don't see a lot of upside heading into september with the s&p up about 20% and the nasdaq up about 20% you see the crowding in these

handful of names if you look under the hood in both of the s&p and nasdaq are not getting better they're just not we know those top five names make up 45% of the nasdaq 100 and about 25 or 23% of the s&p 500 and this tweet from carter, i think he did it on friday afternoon. really struck me doesn't mean anything other than let's see what happens over the next couple of months. he said for the month of authoraugust we've made ten new intraday highs. this hasn't happened in august since 1987 the record in august is 11, which happened in 1929 guy, talk to us. '87, you were trading. 29, probably just dollar cost averaging a little bit that's a crazy step. >> oh, i love the dates, too you're bringing up all the best dates in stock market history. 1929 1987 karen finerman, it's like when

you're talking about two years to pull out the you know what when you're talking about stock market history, i'm not sure '29 and '87, despite being a decent year, want to be the years people are referencing historically >> yeah. that's true. probably throw in i think '72 to '74 was pretty bad as well other than that, i don't know what to make of statistics like that carter is obviously excellent at his job, but sort of trying to run a portfolio value oriented stuff, it's really hard for me to change my book dramatically based on something like that so, you know, i just, i'm long i'm always long. if we see a correction, which wouldn't shock me at all been in this business a while. i've seen more than i can count. i'm justgoing to lose money an ride it out and look for things to buy i accept that that is statistically likely, but i can't, i'm not going to trade

around it. >> 1789 was a very good year for guillotines. i don't want to keep referencing that though when i'm talking about the guillotines. let's bring in now another voice who thinks maybe september could bring more smiles to investors, but the risk may be after that tom lee, the head of research, cnbc contributor, a must read as many know on social media, i sign a lot of your stuff, especially at night. covid and the trends there doing a great job. so you've heard our historical c conversation, marie antoinette aside. what is your take on history, market trends and where we may be headed? >> oh, beheaded, scary i think -- >> nice. >> i think markets can alarm everybody because we're already up 20% year-to-date and we're still in a pandemic.

but the underlying fundamentals are still really strong and i think there's a lot of pent up demand so one thing that makes me constructive is we are making a lot of highs in august and i think those stats are very pertinent but it's coming at a time of great caution. most of our clients kind of agree with what everyone's saying we're extended and it's overbought and nothing's cheap and as you know, when people are looking for a top, that's really when markets can surprise you because we're in the midst of a wall of worry. so i'm in the camp that september probably surprises people because even though the seasonals say we're down in september, whenever the market has upgraded in the first half, september's one of the strongest months of the year we could have a pretty dramatic rally in september amid a wall of worry there's a lot of things to worry about. >> so this stat that we're

showing here, there's two ways to look at it. september has the worst average since 1945 down .6 of 1%. but as josh brown pointed out today, that number can be misconstrued it's generally because that's when we've had the biggest, massive drop so in other words, it tends to do okay say nine out of ten years but the problem is that tenth year that it doesn't has such a big drop, it screws with all the averages we know now averages work. >> sure. >> you also have a price target on the s&p 500 that i think is basically not a target, but september you know has the highest number versus the year in other words, if you think the market will make its highs for the year next month? >> that's a possibility. so i think you know our year end target is 4600 for the s&p and i think we'll be touching close to 4650 this month in september

but the reason i think it's a possibility is that you know, there are some headwinds developing one is the eviction and mortgage moritoriums ending we have to see how this plays out in the economy, but there are going to be people who become homeless. and we don't know how the fall wave looks for covid, although the base case is that this wave we're in the midst is really the wave through the fall. so this is the worst if that's the case, the market can extend the rally, but those are two uncertainties. the third is the fed potentially tapering despite what i think a lot of people is what the market's priced in, i don't think so. i think there would be quite a lot of turbulence. so there's a lot of things to worry about after september, but in the september that we're facing now, i think people are cautious they think we're going to have a drawdown counter seasonals. when markets are strong in the

first half, september's up it's one of the strongest in terms of median gain i think that's why we could add at least 100 points in this month. >> hey, tom, it's tim. so positioning, wall of worry are reasons why you're constructive on september. you've talked about pent up demand and overall, where you think there's major tail winds, but small caps iwm. when you look at industrials and even transports and even some of the names that are the most cyclical in whether it's industrial or energy, they haven't performed. we've been expressing our concern around the lack of breath in that the nasdaq has really been about five stocks. how do you reconcile that if the world is such a decent place to be investing more broadly? >> yes, our team's been looking at it under the hood, including tireless ken, who just had a baby today congratulations to ken >> congrats. >> yeah. the strength, the percentage of

stocks above the 50-day and 200-day. so they're in a positive and short-term trend the cyclicals, industrial, materials, energy, they're the ones showing the biggest gain. so i think they're coming back into trend more stocks within energy so even though the energy index is down, there's actually growing strength and if you look at the s&p 500 advance decline line, that made a new high with s&p new highs. so it was not an index led by broad caps comparing the july highs to the august high, most of those gains were posted by epicenter stocks. so i think that you had broadening participation even though faang is rallying we like faang because these things are trailing the market i think they're going to catch up so i kind of like everything. i think it's an everything rally. >> and very quickly though because we'll wait for the new note by the way, congrats to tireless

ken. he's going to test that tireless if he just had a baby, and his family on that birth i saw a headline that covid cases down 10,000 on a seven-day average from the last rolling week i know it's tough. i know there's a lot of people suffering, but there are some positive trends we're seeing, are there not? >> yeah, absolutely. brian. one of the things is delta is so contagious and transmissible and it's scary, but it has been playing out in roughly 50 days in every region. across all the counties in florida, cases are rolling hard and we're seeing that in many states like missouri, alabama, you know, louisiana, which of course you know has been hit hard by the hurricane. so i think you're seeing more states experience that rollover and hopefully if that continues to play out, covid is retreating in the u.s. and that would be a good news story. >> let's hope that is the path tom lee, look forward to the note tonight

always a must read c congrats to ken. thank you very much. karen, let's trade this and we'll start with you we've taught you a little bit about energy tom's been bullish it hasn't played out as well maybe as he hoped in the last couple of months oil stocks just can't get out of their own way as well. are you a believer in anything from the energy space? i'm asking for a friend. >> i am. i don't have a ton of exposure, but i have some oih because i wanted broad exposure. i know balance sheets are better than they have been and so collectively, the space is in better shape but i wanted more of a sentiment change so i do have some exposure in oih, but it's not a big position >> yeah. to tom's point, he talks about the oih. it's there and something is disconnected karen, thank you very much all right. as we gear up for a new trading month, also a new month, be sure to catch our cnbc protalk with

top-ranked fund manager. she is sitting down with this guy named brian sullivan tomorrow she's going to give a small and mid cap stock picks. i know the moderator is fan tas i fantastic. that kicks off tomorrow at 1:30 p.m. eastern time. seeing a lot of new stocks figure out who are these people. if you're a subscriber, login. if not, sign up. go to cnbc.com/pro see you tomorrow at 1:30 coming up, is ethereum is new face of the crypto craze the currency outpacing bitcoin in a big way lately. we're going to dive back into the crypto trade and figure out why and where it's going plus, we're all over some big afterhours moves crowdstrike and pvh. both out with their numbers. stocks ive dfentn ryifre directions and we're back right after this

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crowdstrike and pvh both on move josh is standing by on crowdstrike, but let's kick things off with pvh and a stock that is shooting higher. what did they do right >> it was a huge earnings beat and better than expected outlook that's sending shares surging afterhours the owner of calvin klein and tommie hill figger posting earnings twice as high as expected total revenues grew 46%. digital revenue grew 35% international was the bright spot particularly europe. international business in fact now above pre-pandemic levels. total sales coming in stronger than expected at 1.135 billion calvin klein sales missing slight at 129 million. pvh announced it did complete the sale of its heritage brands business earlier this month for $223 million promotions help improve gross margins to 57.7% and pvh expects

gross margins to continue to improve. but for the third quarter, the company is giving earnings guidance and revenue growth ranges above analyst's consensus, however, it does expect that business in north america will remain challenged because international tourism isn't expected to return significantly this year. as you pointed out, brian, pvh shares are sharply higher after hours, but well underperforming the xrt year-to-date up 19% to 49% growth respectively the conference call is tomorrow morning at 9:00 a.m. brian. >> all right thank you very much. big quarter there. tim, you told us earlier today that you'd be watching this report what is your take away just seems universally positive. >> well, the story here is an allegory and a thread you can tie it to some other names whether it's been gap or macy's. recovery in terms of gross margins not needing to give the house away, but the digital sales growth and being in

control of your destiny and some of this dtc that obviously leaders like nike, et cetera, have shown the way this is a recovery and this is a recovery of brands themselves and i think their ability to not only just people coming from wearing sweat pants all day, but i think you have a case here where these were some brands that in many cases they were fighting as much as even relevancy and i think this is part of a twofold dynamic. one is truly the businesses are run better and they're run in the new economy in a digital format with higher gross margin and no need to promote the consumer where they are, it continues. the stock breaking out above the all-time highs we hit in may very important because the stock has underperformed and there are technicals around the 110 to 115 level. i think the stock can hold these numbers. >> all right karen, what's your thought on

pvh? good numbers, but is it worth owning >> well, i don't own it because i had thought, i didn't love the business, which is more wholesale than direct to consumer although as tim said, they're starting to increase that as a percentage of their revenues i was very impressed with the gross margin that was really good to tim's point about pricing, this is good for not having to be promotional it's interesting given that macy's is their biggest customer, it didn't trade up i don't like having to buy things up 8% so i'm going to pass on this one, but excellent execution i was surprised and impressed. >> karen fades it. even though that's not the game we're playing. now to the cloud crowdstrike on the move after earnings as well, but going in the opposite direction the call now underway. >> heading in, this stock was up about 30% this year.

it hit a new all-time high just yesterday. now in the afterhours giving some back. beats on the top and bottom. eps was in line at the midpoint. revenue up for the year versus expectations of 40 revenue, 1.39 to 1.41. expectation was 1.36 did check in with mike he said solid print, net new customers continues accelerating the number of new customers using multiple products, that continues to grow 66% using four or more module mike does note that arr was about 3% over consensus. that is below prior print and mike says there were simply high expectations into this report. on the call, the ceo saying this was an outstanding q2. there was strong demand across the market 13,080 the threat environment is fierce and crowdstrike is seen as a trusted leader in security back to you.

>> all right, josh lipton, thank you very much. crowdstrike, the stock, until just now, up 25% in 90 days. closing in on the median analyst price, but guy, your take on crowdstrike and the quarter. >> yeah, more than perfection. i mean obviously the stock is expensive. we've known it is for a while, but it continued to trade higher and quite frankly, i think you look for an opportunity to buy it again 265ish was the level we topped out mid july a couple of times that's basically where we're trading now. it's a valuation call and if you can get comfortable with it, all these stocks are in play we've talked about that. z scaler fire eye palo alto network. so the story's not over, it's just valuation got in the way on the back of this quarter >> dan, your take. crowd. all right, we're not hearing

dan. hit the unmute button there. crowdstrike. we are just getting started here on "fast money." we'll get dan's comments in a minute here's what's coming up next >> one crypto cruising higher. ethereum outpacing bitcoin in a big way. so is there a new crypto king? plus, we're making a call to the bull pen with a guest fast pitch. and this one could be a real home run we've got that and a lot more when "fast money" returns. [music: “you're the best” by joe esposito] [music: “you're the best” by joe esposito] [triumphantly yells] [ding] don't get mad. get e*trade and take charge of your finances today. i'm 53, but in my mind

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you packed a record 1.1 trillion transistors into this chip i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you become an agent of innovation with invesco qqq well today something pretty interesting happened in crypto actually, not just today, but

recently as well the biggest assets did not move together you had bitcoin down while ethereum rose. this is becoming a pattern as of late check out ethereum's gains nearly tripling bitcoin over the past month that's really caught the eye of one of our traders dan, what do you makeover this short-term or long-term shift? >> right now, ethereum is about 45% of the market cap of bitcoin and we learned from coinbase's q2 call that for the first time ever, ethereum volumes were greater than bitcoin i think bitcoin has a bit of a branding problem it's called a crypto currency, but over the last few years, a lot of us have focused on the fact it is a store of value. when you think about what's going on in ethereum then this kind of rage that's going on with nft, how, when visa p

$150,000 in crypto currency a week and a half ago, what did they use ether. now ethereum is being viewed as a currency obviously solano is another one. you're seeing these nfts being priced in that currency. so bk has talked about it before all of a sudden now, we're seeing a lot of assets that people want to own being priced in crypto currencies other than bitcoin and i think that's what's going on with ethereum right now. >> interesting tends and some good points about it being used more for actual transactions let's continue to talk about more of this and bring in coin desk chief strategy officer. i don't know if this will make any sense to anybody, but i feel like it's peter brady. he always wanted to take the spotlight from greg and it never

quite happened and i wonder if now the time is ether and ethereum are they stealing some of bitcoin's thunder? >> hey, great to be back and look, we don't view it as competition at coin share. we have 5 billion in management and look, we've seen this trend before notably in 2018, january of 2018, bitcoin dominance dipped to about 39% currently bitcoin dominance is about 40%. crypto markets operate in cycles bitcoin offers something very specific to investors. it really has captured the store of value narrative what we tend to see is where we have cycles like these where there's a lot of rapid value appreciation in new layer one protocols like solana, avalanche, liuna, we see people

rotating out of bitcoin, but really what we see at the end of the day is people rotating back to bitcoin so the oscillation we see in bitcoin dominance is part of a cycle. we've seen it as early as 2014 so in my view, it's tnot competitive. we're seeing different block chain protocols. again, the proposition of each protocol is very different bitcoin offers stability and security ethereum has the edm in smart contrast some make compromises elsewhere. so it's not competition in my view just a maturing of the space an a diversification of one asset class into a broader asset class. >> people buy cryptos for two basic reasons. i'm wildly, you know, sort of

narrowing it down, which is number one, they just want to buy low and sell high and make some money they don't really care if or what the coin does like a doge, some others there are people betting on that then there are those that are tru true they believe it will become the new platform for financial transactions as well is ethereum, in your view, i'm not asking you to knock bitcoin, is it more useful than bitcoin or is it being perceived right now among the true believers as maybe the more transactional-based of the two >> i don't view it that way. i think the simple explanation is this. right now, a lot of the tokens that people are trading, a lot of the short-term alpha or upside is in investing in some of these projects that are having really rapid appreciation for example, if you want to

speculate on nfts, you need ether to do that and so what we're seeing, right, if i hold bitcoin at 50 k and i think it's going to go to 50 k by the end of the year, that's a 500% upside. if i see a new token that i think is going to do 100, maybe i'll rotate out of bitcoin that has a shorter potential. again, this is highly cyclical at the end of the day, the trend we continue to see the people hold different assets for different reasons. there's part of the ecosystem that's speculative a lot of people are looking to make long-term allocations a lot of institutional capital coming into the space as well and again, i think people hold different assets for different reasons and duration really matters. if i want to hold an asset ten years, for me, that's going to be bitcoin and probably a little

ether as well. if i want to hold something more short-term and take advantage of this current explosion of interest, i'm probably going to hold something else that has a higher probability of returning my fund or giving me a lot of upside i think a lot of it is really short-term driven behavior around opportunities that exist in this moment in time >> are you saying there are people that throughout history will occasionally throw money at a risky investment and hope that it pays off and some do and some don't? great long-term perspective. it's amazing with many things over history. >> oh my gosh. >> chief strategy officer, coin shares i think i said coin desk earlier, which makes me the peter brady of the show. karen, your final thought on crypto >> so i have bitcoin exposure. it's clearly not without risk,

but you know, i made my bet. i'm willing to have tremendous downside on it so it's smaller than other bets that i would make for sure, but it's also in a number of other crypto currencies as well. including ethereum keep my fingers crossed. >> there's an investment plug. got my fingers crossed it's going to be fine. thank you. coming up, and your toes maybe in some of these coins the corner of happy and wealthy. shares of walgreens popping today. we're going to tell you why. but first, we've got a fast pitch on deck. your next guest says this under the radar housing stock may be a total home run investment. who is that homebuilder? do you know? throw us some guesses on the twitter. "fast money" returns after this. ♪♪ energy is everywhere... even in a little seedling.

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welcome back to "fast money. home prices soaring at the fastest pace ever in june. the kay schiller national price index jumping nearly 19% in our latest survey. it was out this morning. prices now more than 40% higher

than they were even at the height of the housing bubble in 2006 now the housing move has given a big boost to the home builders look at some of the gains this year in a lot of the big names we talk about all the time toll brothers, poulti. your next guest says there is one way more under the radar stock that could see even bigger gains ahead. the cio, she has taken the mound for a fast pitch tell us about mi homes >> mi homes is a small cap homebuilder that most people probably haven't heard of. market cap just under 2 billion. 56% of their revenue last quarter came from texas, florida, south carolina, and north carolina they have been increasing their earnings and their revenue

steadily over the last few years. this year, they're anticipating earnings growth of about 37% and the stock is trading at five times earnings it has a strong balance sheet, increase in cash flow, decreasing debt, and it just is doing all the right things so it's definitely benefitting from the tail wind in the housing market, but it's also a potential acquisition candidate as some of those larger names you just mentioned look for ways to get into those hot housing markets quickly by acquiring a smaller player like mi homes >> fast pitch. the ticker there is mho. i know karen, you have a question for shana. >> yeah, it's a really interesting pitch and as you said, sort of a niche player, but getting to your point about m&a, do you think they're open

to that? i don't know if insiders own a lot of stock i don't know if it makes it more likely is that something you think could be a near term event >> i think it could be an intermediate term event. i think they're doing quite well like i growing earnings this year at about 37%. they have 56% of their revenue from the super hot housing markets, but they're also in markets that are underserved and have more affordable housing that's largely in the midwest. you have major operations in columbus and cincinnati as well as detroit, michigan some areas of illinois, indianapolis so these are underserved communities where they have new smart series homes, which are quicker to build and more affordable but still energy efficient. they're known for strong customer service as well and really high quality construction so not sure they would be open to a acquisition right this very second, but given the way the industry's moving and the way that the demand for housing is

moving, i think they would be open to an acquisition, especially if the buyer had an attractive price that they were willing to pay >> really interesting fast pitch there. shana, appreciate it mho. no more questions. it is time to vote you know how it works. are you buying her pitch on mi homes? guy, first to you. >> before i give my answer, i just want to say the way you just impaled yourself with coin desk and coin shares makes you more sam the buctcher than peter brady. very strong pitch. just announced a strong buyback. i'd say well done on this one. >> there's a beastie boys song about this one somewhere tim. >> yeah. so first of all, if peter brady that had that cool pad up in the attic that greg put together, i love this pitch.

he fit the suit. but i love this pitch and i love the fact that this homebuilder is meeting demographics that are actually trying to buy homes right now. love the valuation and maybe a takeover target. >> dan what do you think? buying it? >> i really do like the pitch. i'm just not a buyer of home builders i think a lot of the trends that shana mentions that they might be benefitting from i think are about to turn in the not so distant future as we get into 2022, so i'm just not a buyer of home builders. i thought it was a great power pitch though >> all right, karen, you had some questions you got more detailed insight there. your take on the fast pitch. >> yeah, well i really love the fast pitch that's a buy i think that the macro of millennials moving into housing was accelerated during the pandemic, but not extinguished so i like the space and i like the pitch and nice job

>> all right good stuff there the mysterious fifth trader always votes no. all right. the traders have spoken. now, folks out there, you've got that you are deep in the brady trivia are you buying the fast pitch on mi homes you can vote in our twitter poll good luck. thanks for coming on great fast pitch a new name up next. walgreens. up more than 4% today. and two of our traders own this name we're going to get their take on the big breakout for wva, next whether it's a technology first, (♪ ♪) a fashion first, (♪ ♪) a science first, (♪ ♪) or a first for us all (♪ ♪) whatever you hope to achieve for your business,

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- southern new hampshire university, it was just amazing experience. - [announcer] find your degree at snhu.edu. welcome back to "fast money. share of walgreens topping the tape today jumping nearly 4.5% on the back of news that it plans to raise pay for its hourly workers good news. they raise pay and the stock goes up. walgreen outpaced the broader market this year, up 27% tim, you flag the move what's your take >> well, i think first of al we're watching ross brewer begin to put her mark and stamp on this company and if you think

about what starbucks has done in terms of their social initiatives and how they've really been a foundation for supporting their workers and frankly finding a very strong working staff. the dynamic of walgreens is such that people had been concerned about labor costs in the retail space and i think coming forward and articulating aplan, where they're going to take these costs, are part of the story here i think the other part of the story though is getting back into the online drugstore business and beginning to fight toe to toe maybe with new entrants like amazon i think people were concerned about where this stock fit in a covid recovery and how many sales were pulled forward during covid. i think the valuation is quite attractive most importantly, this is a company that's still in transition and i have a lot of faith in the management team

>> coming up, xp semi getting fried today. we're going to break down the details and there's still time to vote on tonight's fast pitch. do you like mi home? is it a buy? the results coming up. we're back right after this. esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential.

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to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right on the platform. because we take trading as seriously as you do. thinkorswim trading™ from td ameritrade. welcome back look at nxp semiconductors today getting slammed. down 5.5%. it did hit a record high earlier in the week and still up more than 35% in 2021 but options traders are betting today's price action might be a sign of more pain to come in the stock. mike joining us now with the options action mike >> yeah, so we did see it trade about three times the average

daily put volume today and one of the larger trades we saw was in an october 210/220. net net they spent about $4 per share to put that on and obviously buying puts, selling calls, that's a bet that the stock is going to sit right here or go lower. my guess is that this trade is probably some form of a hedge and that makes some sense. as you point out, the stock only recently hit highs so it's only off a little bit from those highs and it might be a way they can be locking in some gains at least for the next six weeks or so. >> okay. mike, thank you very much. all right, dan, you got a take on nxp semi? >> yeah. i mean, the stock's down day really stuck out here. it had to do with some insider selling. this comes days after the company announced $2 billion initial to their share buybacks. listen, this stock trades below

a market multiple. expected to do double digit eps growth next year and high syringe lsingle digit sales growth to me, it seems like a pretty fair name here maybe you look for a retracement of the levels. the put strike that mike talked about and that's where you reload on the long side of this one. >> good real world action there on nxpi. guys, thank you very much. for more options action, of course tune in to the full show every friday, 5:30 p.m. eastern time time now to find out if you're buying at home shana's fast pitch on mi homes and the people, they have spoken and in what might be a fast pitch first, it's a tie. exactly half the voters. hopefully there were more than two. are buying mi homes and half are selling. that, my friends, is called maybe. all right, it is time now to

go for final trade let us now go around the horn. tim. let's kick it off. >> yeah. brian, love the brady bunch references tonight and therefore, if you can put a mustache on peter brady and turn him into phil packer, you can put a bit of a shine on bank of america and say it can keep up with between the capital return program and their m&a business is humming along i like bank of america relative value over jpm >> thank you, sir. karen. final trade. >> yeah. well first of all, goes to shana. great pitch. cvs for a lot of the reasons that wba it's cheap, for one. if rates rise, i think this is a market multiple and booster shots i think will be a benefit

to cvs >> dan >> yeah, qqq nasdaq 100 we were talking about how extended it is if you look out to october expiration, qqq, 380 at the money put would only cost you 2.2% that looks cheap to me buy and puts >> and guy >> all the bradys ate at mcdonald's you should, too, brian >> everybody, thank you. atoeitors. a special hour, next

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tonight on a special cnbc hour, a sizzling summer for your money. the question now, should you brace for a bumpy ride ahead or will it be truly a september to remember amazon taking users to --