we've been very twitchy to try to buy these dips. each more narrow than the last a 2% pullback. >> dow up three quarters of one percent. "fast money" starts right now. >> yes, it does. live from the nasdaq, this is "fast money. i'm brian in for melissa again tonight and your all-star lineup includes guy, tim, karen, and dan. tonight on fast, we are all over the after hours action in shares of oracle. earnings just out. the company call just getting started. we'll bring you all the news and the trade on what some say is the forgotten giant of big tech. plus, is the entire market about to flip on it head savita says it is. she'll tell you why and what to buy now. later, speaking of buying, buy your christmas gifts now

we'll tell you what just happened with nike you, dear shopper, have been warned we're going to get to all of that on this big hour, but we have to start with a big day for big oil. crude oil back above 70 bucks a barrel as demand rises, production stays flat and the u.s. dollar gains. this pushed a big day for the oih. oil services etf jumping almost 5% some beaten up stocks going along for the ride double digit gains for little known names like rpc and helix energy but it wasn't just them showing strength it was more broad-based. and the energy sector was the best performing group in the s&p 500 today by far but of course, we have seen this before in june, the oih was at $240 everything looked great. only to leave some investors crying in the oil patch as it turned out in a big way. so guy, we'll begin with you, my

friend is this bounce maybe the start of a longer lasting love affair? or just another round speed game >> yeah. i don't know about either, but i will say that i was one of those people a few months ago that thought it would continue higher i think to a certain extent, too many people got on that side of the boat and the selloff was precipitous. dan nathan posted a chart, a 13-year crude oil chart. that was in play as well i think oil can get off the mat here i think oih is going to bounce in a meaningful way and i think slumberge is the way to play it. i think rpc just initiated $37 outperform i think slb is the one i would look at here >> tim, would you agree with that >> yeah, i love the slum burger

and i'll talk about that in a second on the macro, overall. first of all, you have a case where the great irony is that this morning, opec kind of reenforced where demand picture for oil is pretty good for oil services names, that's great, but part of the story for the energy trade, which i think it was a trade not an investment for most people. is that you could only buy these companies if you believe they're being run differently. so in the e and p space, the capital discipline is the story. that's why i think owning not only a chevron, but a faang, some of the names in that space that are well run companies, but that's not necessarily great for the oil services i think the key for the oil services names is the ability in which they can now forecast their business and coming out of those second quarter numbers where they beat and gave

guidance with more specificity than they have in years is ultimately going to lead to upwards revisions by the analyst committee. they're starting to see very strong international growth. the free cash flow generation is poor i think they'll be back at a 2019 ebitda in the next year or so i love that name i think you can stay long. on the charts, it's now back above the 50 and 200 for the first time since early july. i think technically, they're setting up pretty well >> it's always with any etf out there, you got to know what you own. my former friend and colleague would always say that. you think i'm getting into this, then realize the holdings are different. this really is a big three story. slumberge, halliburton and baker hughes the whole etf is unlikely to move as well would you buy that etf or just go selectively to some of the bigger names in there?

>> precisely for the reason you laid out, because you know what you own and you are making the bet that you think you are by owning the oih, which i do own, which is most of my energy exposure so the big three, then there are a number of others, but you know, they really all do move together and you know, i have started when it broke 200. was not delighted to see it trade -- i don't know, did it have a 170 not that long ago i think there's still room for it to bounce back. to tim's point about enp companies being more disciplined, but i think all of the companies throughout the whole thing is more disciplined. balance sheets are in decent shape. so i'm going to stay long. i think there's still room to run and that's going to be my oil exposure >> yeah. you know, the opec news that tim is referencing, dan, was their monthly report on demand and i

know we talk a lot about electric cars and tesla on the show, but we forget there's a lot of other countries out there where people aren't necessarily buying 85$85,000 cars india. according to opec, we'll see about 4 million barrels a day more demand next year than this year, but is that a reason to bet on agroup which institutional investors have dumped out >> yeah, we saw the diamond fund make that announcement last week, too, and i think that's obviously something that is not going to change going forward. listen, these guys on the oeh, does that set up nicely? tim lays out a good, fundamental case why those businesses are run differently. it had a 38% decline about the xle where we know about half the weight are three stocks, exxon, chevron and

conocophillips, but the exxon and chevron, they act horribly down about 14% from those highs. still in a down trend. that's one that does not look appealing to me. it seems like the oih is the beta trade here, but the major integrated don't look good, they don't act well crude oil just broke that down trend. it's been in place from the early july high here and maybe you have some room to run, but if the xle doesn't rally as crude breaks out higher, i think you've got a problem in the major integrated >> guy, we talk about crude oil, but maybe we should be talking about its cousin, natural gas because natural gas has effectively doubled this year. it's back above five bucks it was at two and change earlier in the last couple of years. nat gas, a by-product of oil production we need, the world needs more natural gas. this group of stocks will do well when the companies get paid

to drill more wells. where it's oil and nat gas are you looking at natural gas as an addition to this >> yeah, i'm looking at natural gas, yes, is the short answer and it's a multiyear highs, but to me, it's more a function of is this transitory nature that the fed's talking about as transitory as they think and clearly, it's not natural gas. now the headline is crude oil and the selloff was precipitous, but look around heating oil, nat gas and gasoline, those things didn't come off nearly to the extent that crude did. so maybe that's telling you something. i think you bring up a good point. i don't look at it so much for the individual stocks as i am to give me an indication as to whether the fed is on to something. i think they're way off base and nat gas is one of the components that indicates that. >> tim, let's go to a sub world of oil and gas because we can talk all day about fundamentals. prices, rit counts, drilling, and that matters a ton but as you have said about a

million times, the dollar matters as well and for years, the dollar goes up, oil stocks go up. they kind of broke that trend about four or five months ago. looks like it's back in sync how closely are you watching the old greenback? >> every day i think for the resources and materials trade and just straight commodities and emerging markets, you have to know what the dollar is. i think it will sniff out fed policy especially differentials between banks and current account, surplus currencies we'll save that for another show i think that the dollar is in a very interesting place because around 93.5, 94, i think you've got a lot of resistance to the upside if fed policy surprises to the hawkish side, then i think the dollar can continue to move and i think it moves quickly and it will be very difficult for energy assets. i don't expect that to happen. i think the other side of kind

of dollar policy as reflected in fed policy is biden policy and one of the things i've said for six months is the greatest thing to happen to energy prices is biden's, you know, basically forcing at least the u.s. to push harder into ev and put all kinds of restrictions on fossil fuels. whether we want to believe it or not, fossil fuels are not going anywhere overnight and i don't think they're going anywhere in the next ten years even though we hear out of detroit what they're doing, and that's great news i think for better run companies with capital discipline, this is not a trade. it's an investment they're companies that have had a difficult period because everybody felt it was just a trade. >> yeah, and you know, it's the unattractive a lot of people will say it's not an attractive thing to say about fossil fuels ihs market, very respected, nonpolitical firm today saying that the demand for refined products globally will continue to rise until 2036 another 15 years

because we forget. if you're in india or if you're in parts of the emerging markets around the world, again, i'm not sure you're buying an $85,000 car. so we'll talk more about the energy fundamentals i'm sure at a later date let's go to the technicals because while the chart master may not be buying today's bounce in energy stocks broadly, he's finding an opportunity in a couple of names in the sector. let's bring in carter. carter, you look at the charts, what charts are you looking at what are you seeing from them? >> sure, thanks, brian before we get to the charts, just to your opening point there, i am not embracing this area of the market sure, you can get good trades and i think i've got two here, but when the financial crisis, you're talking about the '09 low to present, the end of 2008, energy as an entire sector is down that's a long time to produce

nothing. and it's so concentrated in a handful of names represents such a small piece of the s&p. not sure it's really investing anymore as it is something else. but can you trade it let's try. here are two charts then one or two after that the first is continental resources. now, if a bearish to bullish reversal exists optically, that's what this is. you're talking something as high as 75 gets a low of 5 and is gradually carving out a bottom rounding bottom. i call it bearish to bullish reversal take a look at the next chart. different business but it's an identical chart. this one dropping from 120 to 15 same thing a bearish to bullish reversal. look at the third chart. it's a comparative chart of course because they both have the same long and protracted declines of 80 to 90% and they've been worked higher since the pandemic low you can see that arrow marking the low. how well have they done since

the pandemic low final chart. this is a comparative chart from the march low to present you're talking about one up 411% the other up 415 i'd call that exactly the same versus xle up 71% and these i think are still likely to be trades that are put on a sector i don't particularly like. >> good charts there, carter give you the last word on this energy call, guy >> continental resources is really interesting if you look to carter's point. it's really never given anything up i think wells fargo upped it in august $45 price target so well done by carter >> just to note, rick counts, well down from their highs, but up 249 year-over-year. so good fundamental news there good discussion on energy, oil and gas.

coming up, is the overall market about ready to get flipped on its head that is what sylvia is saying. she is ready for a shakeup we just talked about energy. maybe one of the best places to be but first, an earnings alert on a kind of forgotten name in big tech oracle shares are on the move down 3%. we'll find out why all that as a dow breaks a five-day losing streak you are watching "fast money" and we are back in two minutes the live better u program basically just provides the answer to the question: what if? with live better u, my 'what ifs' were erased. ♪ ♪

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welcome back to "fast money. we have got an earnings alert on oracle the database software company on the move now after reporting its numbers. stock's down, but not as much it was. josh lipton, what is going on with oracle? >> it was up around 40% so far this year. a bit weak over the past month, but still right near all-time highs. now in the afterhours, ludosing ground here. checked in with kirk and he called this a basically heightened expectations.

saw a modest acceleration. kirk says that's a positive. up around 30%. indicates oracle is doing well in the broader sass space. it's a hold that's rallying hard and he wants to see nmore evidence of accelerated revenue growth a great quarter, if not for the strengthening dollar, it would have been better revenue now of 10 billion. in total, 9.7 billion. up 4%. she did just now give guidance she says she's confident this '22 revenue growth will accelerate because of her fast growing cloud businesses she says operating margins will be same or bet r than pre pre-pandemic levels. growing between 3 and 5% in usd and constant currency. non-gap eps growing between 2 and 6% back to you. >> thank you very much let's talk more now about this dan, oracle is a stock with an

average analyst rating of hold, below where it is now, not exactly a group hug for oracle so what do you see for the stock? >> yeah, no, so i think the conference call, they're talking about this is a $10 billion business their infrastructure as a service and software as a service. it is their fastest growing, it's just not growing as fast as a lot of their competitors here. there are two cloud licensing and cloud services were not up to snuff just didn't hit analysts expectations as you just said, sully, most of the angalysts are on the sidelie here so to me, it's not a great story here in an environment where some of their peers are still growing much faster. i think, you know, lipton nailed it here. the stock was up 40% into the print. it's been trading between 85 and 92 bucks over the last two months guy sniffed this thing out after they reported their last quarter in june. it gapped lower and he thought

it was a buy here. the stock quickly rocketed back up and has been consolidated. there were some investors who liked the opportunity to play for that higher margin, but right now, i just think you probably let the thing come in a little bit trading about 20 times next year just doesn't seem that c compelling >> tim, why doesn't oracle seem to get the love its neighbors, salesforce, kind of the cloud so to speak, over oracle. >> i don't think it doesn't get the peer software multiple, not should it. you're talking about a company that's been slowly transitioning in terms of where they've come from and where they're going this is a five-year average pe around 14 or so. it's somewhere around 18.9 dan's got it around 20 times forward. i just think that's where you're

talking about. mid single digit growth just doesn't get you there. but yes, bravo to guy who had i believe this was the o in the hope trade, guy? i know we've been hearing about oracle for a long time, but it's had a great run. >> karen, i was just kind of saying how the analyst community there, they believe, if you just kind of aggregate all the information, that the money here has been made. what do you think? >> i think it would be kind of a myth when i saw the headline, the revenue myth, which we don't see a lot of then i looked the last two weeks, it had four analyst changes. three were lukewarm and one was outperform so maybe they were sort of guiding the street down a l little given the way it's trading, kudos to guy for being on the train. this wasn't good enough. >> yeah. i mean, guy, dan said you stiffened it out smells like victory or at least

it did what are you smelling now? >> that's very robert duval of you, by the way. i know you know what i'm talking about. probably about four other people that do. i think you can buy the stock. stock sold off for a couple of days, week later, it was making all-time highs i think it made an all-time high in august. people are comparing this to microsoft and amazon quite frankly, on valuation alone, it's a more compelling story and she has turned this ship around in a meaningful way. i understand why people are looking to headline this on cloud, but i think we've got to look past that so i'd be a buyer on weakness here at oracle >> buyer on weakness and i'll paraphrase bill killgore, what do you know about surfing? you're from new jersey here's what's coming up next >> the market is about to get turned on its head that's the latest from savita.

she's laying it down, next plus, running out of steam shares of nike unlacing as analysts flag supply concerns. we've got that and a lot more when "fast money" returns. inves. worth is a partner to help share the load. wealth is saving a little extra. worth is knowing it's never too late to start - or too early. ♪ ♪ wealth helps you retire. worth is knowing why. ♪ ♪ principal. for all it's worth. i became a sofi member because i needed to consolidate my credit card debt. i needed just one simple way to pay it all off. it was an easy decision to apply with sofi loans, just based on the interest rate and how much i would be saving. there was only one that stood out and one that actually made sense and that was sofi personal loans. it felt so freeing.

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...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones welcome back, everybody, and happy monday it was a happy monday for many macro investors. the dow and s&p breaking five-day losing sessions nasdaq did drop a hair, but that move today kind of fwgoes to a trend that your next guest says may be the way forward for things outside of just tech. because the market may be about to quote, flip on it head. savita joins us now.

what does that mean? flip the market on its head. what's working doesn't work anymore? what are you talking about z z >> no, i think it's really the idea that a lot of the levers that have driven the s&p 500 to its all-time high rs starting to reverse course so if you think about it, we've had super low interest rates, falling interest rates for a long time. very accommodative monetary policy we've had stimulus coming from central banks across the globe and we've also had no inflation. so it's been kind of nirvana for equities and especially for large cap tech you know, companies that benefit from a low discount rate and now all of a sudden, you've got inflation. you've got the fed saying you're going to start tapering. we think it happens in november. even if it happens next year, it's still something that i think the market is going to

start to discount today. so a lot of these kind of beneficial aspects, a tech heavy s&p 500, a you know, a multinational heavy s&p 500 to all-time highs are reversing course not to mention tax reform. and i think that's the, sort of the last kind of the straw on the camel's back is the idea that we're moving from an environment where the big benefit we saw a couple of years ago in terms of the corporate tax cut could potentially wipe out earnings growth for next year if you run the numbers. so lots of really positive trends for the s&p 500 are starting to reverse. that's not to say that there's nothing left to buy. things are still attractive opportunities. but i don't know if you're going to get the same great gains from the s&p 500. >> you reference it because and for a year and a half, for very good reason, by the way, we've talked pretty much exclusively

about covid and economic trends and lockdowns and economic growth and earnings. those things still matter. thankfully though covid cases seem to be rolling over in muchl much of the country. goldman sachs out today saying going forward, it is going to be more about tax risk. we saw some details from the democrats plan not making it political, but the numbers are in there a raise in corporate taxes, capital gains, a raise in wealthy investors. what's your take on the tax risk to the macro market? >> here's the bottom line. so i think it's going to be a negative for big, multinational companies because of the foreign tax component so when we run the numbers on the s&p 500, the corporate tax basically wipes out where we were forecasting about 5% earnings growth next year, that goes down to zero potentia potentially slightly negative. so that's number one

number two, if you think about capital gains, investors have made money on owning tech companies over the last ten years and if they're sitting there holding these companies with monstrous gains and they're about to see a potential increase in the tax rate that they're going to pay for them, one could argue we're going to see some liquidation in some of these sort of popular individual inve in investor stocks. that's number two. and it points to an administration that's not using the stock market as a barometer of success, but the u.s. economy. and the u.s. economy and the stock market decoupled a long time ago we've been in the lackluster economic period, but the s&p 500 has continued to crush it. so i think that's something else to think about even though the u.s. economy is likely to be strong over the next year or so, that doesn't necessarily translate into great

gains for the s&p. i think it's better for the russell 2000 for sectors that will benefit from a bit of a capx pick up but i don't believe it's all roses for the s&p from here. >> hey, it's time. thank you for joining us and look, i guess the point that you've made somewhere in your n notes is that you think value over growth offers more opportunity. you say eight months typically they go 33 months. so wouldn't banks be the captain of that team and ultimately, if banks are running, the sense here is that the yield curve may be steepening a bit and that helps all industrial trades? that sounds like a big part of the market th thoughts on that >> i agree, but unfortunately, it's not a big enough part of the market to keep things going at the same pace so i totally agree with you. i think that banks, industrials, and some of these inflation

pr protected dividend growth stocks are where you want to be right now, but there's such a slim proportion of the s&p 500. think about it the market's gotten super top heavy in tech. and that's what i worry about is that a lot of what's happened over the last ten years has basically boosted these long duration growth stocks to be a big part of the benchmark and now a lot of the trends that you know, you point out the steepening yield curve, rates are doing something besides falling, that's going to work for some stocks but unfortunately, they're not the biggies in the s&p 500 some day they might be, but today they're not. >> we'll leave it there. great to see you again thanks for joining us. have a great night dan, your take too top heavy in tech? >> here's the problem i see and i love savita and her work and it seems like a lot of strategists are coming to the same conclusion that earnings growth next year is going to be

wiped out by corporate tax hikes. the problem i have and i've been short over the past few weeks here and i'm trying to play for a little pullback. the peak to trough declines are get getting narrower and narrower. the largest one a year ago was about 10% and they keep getter smaller and smaller. sooner or later, something's got to give, and i keep hearing this on twitter from people who love me on there, that the pain trade is higher because everyone's getting on the same side of the boat so sooner or later, i'm just going to have to throw up my arms and do a shrug emoji. >> karen, your take. again, you think the market's going to get flipped on its head one thing she was mentioning is that for years and i say this with all due respect to our audience, you could find the etf making a lot of money and thinking you're a stock market pro. she's saying that time may be over stock picking actually buying

individual stocks may be finally ready to make a comeback >> that makes sense to me, what you're saying. i have what i view as the sort of value oriented tech names like a facebook. like amazon. i'm sorry, alphabet. facebook and alphabet are the two. they're really valued to me. against that, the idb, the super high flier names i think those are the kind of names she's talking about. rates start to move. multiples start to come in those are the names that are really going to get hit. so i like that i'm also in industrials, which has not worked lately. na names like fedex i agree with her i'm sort of positioned the way she's aligning, but you know, it's been a mixed bag. for the the past month or so >> certainly has as well we'll see if her call plays down for the next weeks and months. if your kids are asking for

the hottest nike shoes for the holidays, buy them now we are not kidding why something that's happening in vietnam hit nike stock hard today. plus, as covid looks hopefully like it's pulling back down, is vegas about ready to heat back up maybe take the casino stocks back with up sales are down from last quarter but we are hoping things will pick up by q3. 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 plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today.

shares of nike getting hit today. down over 2.5% following bad news from asia and a knocking note from btig it is your call of the day btig cutting nike to neutral citing major supply chain disruptions from covid driven factory shutdowns overseas an analysts saying this -- which represent just over half of the total capacity karen, two months. nearly no production and 51% i believe its total production capacity in asia just

ahead of the holidays. wow, your take not >> i'm sure they've gotten some shipments. we saw it with restoration hardware having to delay some of their new concept stores we saw it with lululemon, they left it on the table because of production from vietnam. so this is a pretty pervasive problem. i think that nike's kind of expensive here if anyone would be able to source product well, it would be they, i would they, but i think that this is a real problem and so with this multiple up here, i'm trying to stay away from nike >> anybody in the group, raise your hand. i can see you all on television. got a different take on the nike tim's hand was up first.

>> so, you know, my view is that karen's right and ultimately the valuation for nike around 46 times forward. far from cheap although it's a multiple over the last few years i think based upon both pricing power and again, nike will off set a lot of that production shortfall in pricing power. they'll probably net it out to minus 8 or 9%, so not as bad as you think. i just think this is a company that continues to execute in terms of innovation. their north american business to me, which again is part of what will drive those sales out of vietnam, i think continues just to be so strong that the multiple stays here. i look at the charts and i think around 150, a break of that is going to be difficult for the stock. but right now, look at restoration and lulu with those announcements have gone back to near all-time highs. >> guy, your take, too i want to highlight this maybe this is nike specific because they are more heavily into vietnam because everybody said get out of china, they did now we see this.

there could be other companies two months of almost no production just ahead of the holidays i know people think simply chain disruption is a boring topic this is a big deal >> no, it's a huge deal. i think you make a great point i can't speak to other companies exposure to vietnam, but i think it's not just nike it might be nike in you know, in terms of vietnam, but it's all across the board as karen pointed out and it is concerning i think to tim's point though, where do you get in the stock? it's sold up about 8% from its all-time high we made seemingly just a few weeks ago i think the 150 level makes a lot of sense this was a great note and it's great to point these things out and to illustrate what's going on and by the way, this speaks to inflation being more than just transitory. another conversation but i think if you can buy nike at 150, a level if you recall back in june, the stock went from about 125 to 150 in a straight line. that's your entry point in my opinion. >> good opinion. thank you very much.

coming up, is it, you know, vegas, baby, vegas or take the money and run? we're going to do a dive into the casino stocks, next. plus, chaos in crypto land a fake report got some real attention in the market today. we'll explain this bizarre story, next.

♪♪ energy is everywhere... even in a little seedling. which, when turned into fuel, can help power a plane. at chevron's el segundo refinery, we're looking to turn plant-based oil into renewable gasoline, jet and diesel fuels. our planet offers countless sources of energy. but it's only human to find the ones that could power a better future. [slow electronic notes fade in] [fast upbeat music begins] but it's only human

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welcome back a big time cnbc event to remind you about do not miss our delivering alpha conference. it is on september 29th. one of the biggest names in the investment community and global business talking about a new era of opportunity register today at deliveringalpha.com. all right. casino stocks. talking aces today las vegas sands and gm all moving higher. follows news that gambling mecca macaw has been boosted for loosened travel restrictions for visitors tim, your take on these names. >> travel mobility, macau, singapore. just be patient, investors

i think on a 12-month outlook, you're going to see some of those restrictions like announcements today are going to continue to evolve they just will if you look at some of these reopening trades, macau, the casinos have been absolutely destroyed. whether they're in las vegas or global especially the asian ones for that matter. $44. a bit of resistance here this is a stock that to me, if you're playing the range, you've got a significant move up to 55 and i think doesn't require a major change in their business >> guy, any one of these thname that you like more than the others you kind of lump them together and just rise the tourism? >> well, i understand why you could lump them together i would look atl las vegas sands watch las vegas sands, watch what happens if it trades down to the march 2020 low. quite frankly on august 19th,

that's what happened and it's bounced ever since if you're looking for risk reversal trade on the long side, i understand the headline risk associated with a lot of these names, but i think the risk reward sets up as best it's hand maybe since the spring of 2020 >> just quickly, las vegas visitor volume up 12% from june to july. hotel occupancy up room nights up everything is up we'll see if the stocks go up. from casinos to crypto, the major coins pulling back after some wild action earlier in the day and speaking of wild, this was a bit of a bizarre story litecoin surging after a press release went out referencing a partnership with walmart the news was a fraud it crashed back down to earth. bitcoin and ether also down.

dan, you flagged that action what are you watching on a macro level? >> listen, that story is really reminiscent of the sort of thing we saw during the dot com explosion. there was a lot of that stuff going around on message boards it's interesting when you think about these alt coin as it relates to action in bitcoin and ethereum last tuesday, we had the flash crash from bitcoin went to 43,000 in a straight line in about an hour and ethereum went from 4,000 to 3,000. it recovered a bit here, but those uptrends from the july lows are now threatened. they're broken i am long both of them and it's a longer term sort of view here but i'm keeping a close eye on those uptrends to see if they break those lows from the flash crashes last week and what happens then we know that these are very

momentum driven. there's a lot of technicals that come into play here as we talked about last week. i'm far more into ethereum, but it's holding just above those lows from last tuesday >> there was a big fake press release that went out on a tech stock. any of our viewers who are first to tweet it, i'll give them a shoutout it was a big story then. karen, your take on the cryptos? man, they have just been volatile even for cryptos, they've been volatile >> they have i don't know if they've been volatile for cryptos they've been volatile relative to a lot of other things i'm long the space i've been long for a while i do believe in all of the fundamentals still being there the threat of currencies losing their value. the institutional adoption of it still underscoring ultimately its growth i'm hanging on for the ride. keeping my fingers crossed is

really half the investment strategy there besides underlying fundamentals. >> fingers crossed is the strategy on cryptos as well. there's also the yield coin flip, and of course the blindfolded monkey making some selections apple set to hold a product event tomorrow and that has options traders piling in. we're going to get the trade mike ko, "fast money" returns. need to get your prescriptions refilled? capsule pharmacy can hand deliver your medications - today - for free. go to capsule.com. we handle your insurance. all you have to do is schedule delivery. go to capsule.com to get started in 15 seconds today.

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jim is speaking with the ceo of barrick gold. catch that tonight, top of the hour as always on "mad money." check out apple ahead of tomorrow's big product event where we could get the latest on the iphone, the apple watch, maybe some surprises today's action was decidedly cautious mike, why do you say this? >> well, what we were seeing was the call for outpacing puts by 2-1. but that's not very typical over the course of the last month

the most active options today were the september 150, 155 and 150 two and a half the 150s were the most active. over 170 of those traded for 1.73 buyers of those are risking about 1.2% of the current stock price betting the stock will end the week higher than the 150 strike price and put the stock up about 2%. >> mike, thank you very much guy, your take on apple heading into the event the iphone 22, whatever it is, is it going to be a market mover? >> yeah, i mean, you know i can't wait for the event i think it's on the 14th tomorrow, right? so geeked up, i won't be able to sleep tonight. is it going to be a market mover? i think no we've seen historically they're somewhat non-events and i think with each passing one, they're bec becoming less and less interesting. the price action last week gives

you an indication of how quickly things can turn for all the apple lovers out there >> all right guy. you can use one of those sleep meditation apps that you can download from the app store. tim, these are big deals and they're cool events. apple does a great job, but are they moving the stock? >> look, this is a stock that's been on the move i think this is a theme we've kind of either hit on tonight multiple times and ways. you know, ultimately, the waiting of this stock and the indices, if you believe markets are moving higher with passive asset flows, then apple's moving higher there are plenty of expressions with value or growth or you're seeing heavyness i wouldn't count out apple here. i don't think it's about what's going on with this new phone i think it's how operators are funding a new round of 5g processes. the refresh cycle continues on ward and apple is not expensive

at these levels. >> dan, do you think apple is expensive at these levels? >> it is relative to itself. if you think nike has supply chain issues, then apple will, too. especially if they're rolling out new devices into the holiday season we've seen delays and some of those are limited quantities i think they're very fortunate the stock came in hard on friday i would not like to see the stock into this event, especially if it's very iterative. you know, it would have been expectations a little too high here this is not one i think you buy it for the announcement of these products that most people know what's coming. >> by the way, you can get it made sitting on a ship in the port of l.a. you want the new iphone, can't get it for more options action, tune into the full show 5:30 p.m. friday 2:15 p.m. mountain time? up next, your final trades ♪

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huge tech check tomorrow andy jassy 11:00 a.m. final trade time tim, kick it off >> hey, brian. how about those yanks salvaging one and lindor shutting off that stanton guy. anyway, how about las vegas sands salvaging a bad situation. selling off, investing in digital. i think that's a stock that goes a lot higher >> dan >> yeah, you know, that ev tax credit story, i think it helps the u.s. automakers here ford rolling out that bronco and the f-150 lightning. >> karen >> yeah. i like morgan stanley. i think being in the asset management business, capital markets and underwriting is the place to be. >> all right >> i think marc jacobs thought he was an oracle back in the summer of 2000, but proves to be

anything but which is why you should just own the actual oracle orcl >> by the way, the stock was immulex. matt congratulations. "mad money" with jim 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 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. this is what you get when everyone is worried, a market opens strong sure the dow ultimately finished up 2