stress >> can -- >> pretty good shake out, i looked at the etf volumes and s&p and massive, massive volumes. a good little comprehensive flush. probably have to retest the loans. >> do you call out turn around tuesday? >> i say it's a thing that exists >> it's a prediction he could get wrong tomorrow >> trying pin him down on something. >> out of money, a fast money starts now >> overlooking new york city's times square this is fast money tonight, on fast, we are charting the sell-off, one top technician lays out the levels to watch and tony dwyer seeing a big opportunity in today's pull-back, why today's weakness could be a set up for a break out and we are breaking down the banks.

financials getting smoked and taking a dive in the options market to see where the treade s headed next. the nasdaq plunging 3% and the big driver, new fors out of china. china's evergrande is on the verge of collapse, the potential fall-0 out could rip are he will around the world every s&p 500 sector finishing in the red with financials and energy, the worst performer. what is your take on today's sell-off guy? >> hey, mel, i'm glad you mentioned may, we saw movement like this in may you have been seeing around the edges over the past couple of weebs. you saw it in early may. by the way, you saw this type of move in july as well, and both times, after you know, maybe a weak w week and a half or two weeks you a saw it rebound in a meaningful way. when they are close to 30, it's

a level we fail at i thought incorrectly for a while, 4100 is in the crosshairs and i will submit it's still out there. that's the 200 day moving average and that make s sense fo a lot of reasons it's healthy and we have seen it before, and it's not all that much to get exorcised about, necessarily. >> you said that there's blood on the street and some of it is yours, you feel there's opportunity, you still feel that way at enclosclose? >> yes to the extent that it's pinned on evergrande, i don't think it's that big of a deal. we will talk more about it later. that has been happening in slow motion for a while so, i mean, think think we will step back interest this will be a blip so, i don't see anything really really vastly different. i understand the fears of a little bit of a slowdown because of delta, and i think that is probably happening but i think we will see as

companies start to report in not that long, we will start to see what they are seeing for the rest of the year so, i am, i want to buy things so, i did, a day like today. it's hard to be patient. i cannot fully be patient. i want to wait for turn around tuesday. i hope it's a ugly open. the one thing i did today is just a jpmorgan, one by two call spread, which is not the giant bet at all, it's a bullish bet for not a lot of money it will take earnings. it's a 2 and change dividend you get a knee jerk reaction to the ten year spiking higher as the world panicks a bit. >> we have to ask you, the tim as the emerging market

specialist in the house, how do you gain out evergrande, if there's a default and they fail to pay the two, one is interest and one is bond coupon on thursday, what happens >> right well, so, so, this fits in to also just the mosaic we have been we'aving on china and the slow down and government and more concerned on social and political control and everything that they can use as an excuse to, you know, assert communist values i think you have a case here where there's some sense that speculation and this, this, you know, prosperity for the masses dynamic. it's not a bad idea to let some of the wealthiest people in the country sweat it out in this case, the wealthiest man in the country to the extent it's a headline many, many months in the making by the way look at the equity share price of evergrande. it's not a surprise.

we have been talking about a china property bubble forever. has anything changed today i think to the extent karen and guy have both been very rational about the approach here, karen, i know is a big fan of yogi beara, we did a september 23-september 23 a year ago, if you want a glass half full today, it's not, in terms of assessing risk and the things that i look at it's not that we rallied 53 s&p handles in the final 43 minutes which i think is, is a little bit of a, you know, a mirage, even though things do not need to return to yesterday's lows immediately whether we get turn around tuesday or not. i hook at d-- i look at dollar/. was the original carry trait to the extent that it's at near two year highs

did not much too look at the dixie. did not move too much today. and the ten year was up half a point today, if you think of where yields could have plummeted on fears of a credit bubble that may be starting to burst, i thought the bond market handled itself well today too. major risk measures seemed well contained today. >> are you sort of able to look past the stand, or do you put it in a context of a larger chinese government crack down where the government is willing to exact and weather pain, whether it's the tech sector, online education, property, you name it, we have seen the pain they are willing to inflict and that they are willing to endure >> yeah, if you think of it as a common thread over the course of the last year or so, it seems well orchestrated in a way and tim mentioned that evergrande did an upper left to

the bottom right, it's been going on for a year. i guess the real issue would be if you are asking an investor do we look past this, it's like, okay, is there systemic risk i look around and say, yeah, our banks did not act particularly well i think karen just said it looked like panic selling. but the european bank index was down nearly 5% today we see it there are with their -- we are seeing it there with their credit exposurers first. it does not happen as once if you think back to post financial crisis, you know, ten, 12 years ago it was a rolling credit crisis is, it started here and maybe we hit it harder with some, you know, crisis measures. that sort of thing and then it rolled across europe and there were always, a always, chinese fears. throw together a growth scare a bit here, and it does not make a ton of sense if you are an

investor to look too quickly last week, the s&p 500 and nasdaq were up 20% on the year with all-time highs with valuations that a lot of people would say were stressed. we will only be able to put our finger on it in hindsight, when you see the sort of selling that we saw today in names and sectors that people loved last week, today, they are not c-- they are calling in to question how long can go. over the period of weeks or so, maybe back toward the 200 day moving average may be the best set-up for the u.s. stock market no matter what you think is going on in china or not one thing we do know, growth has been slowing not for the horrible reasons that the economy is going to hell just that we have had this massive reversal coming you o-- coming out of the pandemic and i think we will be back to

levels like that, where gdp was in the low 2.2%. that was the ten year average prior to the pandemic and i suspect that is where we are if you slow, throw in together inflationary thesis, stocks are too expensive. >> there's a brew that is like past situations that is coming together right now, as we speak. and i gouess i use brew because tis the season it's almost halloween. we have slow down worries whether or not it's here in the united states. before the evergrande stuff bubbled to the surface and now we have this does that make, i mean, you sounded like you are willing to look past and i'm wondering, you the skeptic, why is that >> throwing expert in there, the bubble, bubble, toil and trouble. i think i took that class one week or something in college

why is that? because for the last, you know, 15 on years we have been doiing show, the sell-offs are shorter and shorter in duration and quite frankly less scary to what out it means to market participants you will say, with everything going on, maybe it is different without question i bring up 4100, i think that would make sense i think in an orderly way that is the best thing that can happen and again, this market has a way of digesting headedlines, dealing it up for the day and then a week later we are making new all-time highs for example, i think, i think traded close to 30 i don't think it had a 30 print. but close. each time we have seen that over the last 6-9 months, that has marked a top and a short-term low in the market i'm not trying to discount anything i'm trying to go back in history and look and sort of make a thesis based on that >> i mean, tim, some people would call it a teflon market

and some would call it max complacency when it oncomes to problems facing us >> when you think of what is different, i think it's central b b banks, maybe not at the end of their rope, but it's harder for them to throw money at the problem, but they find a way to do it. you cannot longer feel comfortable if you have the beginnings of a credit bubble that bonds will be a diverse indication away from a portfolio. we have spent time worried about a growth slow down we have a war economy here so to speak. it's the war on the pandemic and there's benefits that come from it but a year and a half ago, two years ago, we were questioning the large traunch of credit that

was possible to be a bunch of fallen angels. i don't think it's going to happen, but you are asking what is different this is at least a highly -- credit can be a major issue for the market right now even though, right now, you know, look at where high yield bonds are now relative to where they were before the crisis, the pandemic they are so tight, there's no margin for error in the credit spreads, that is what worries me >> the next guest said pull back may be a great entry point in the market tony, great to have you with us. you have been a number one proponent watching the credit market and telling us what should be going on in the equity market what are you seeing right now? >> well, i think tim hit it very well you have had an extraordinary move in high yield debt. any kind of debt so spreads have gone from blowing out in the pandemic, where credit was starting to dislocate to being so

unbelievably available yet, not only is our spreads on tightening, and yields historically low, companies are raising it a record amount of money at the levels. i think it's one of the more intermediate things for the market as you know, mel, i have been cautious since down grading the market in april and the reason was, that everything looked so great. it was, it was, you had economic growth in front of you, the vaccines were working. there was no such thing as a variant yet. earnings were about to explode higher that was the time to be nervous. and to me, now, that we are heading in to this kind of decline in credit, it's still holding up pretty well there's a record amount of money that companies will be able to use for buy-backs. there's support in the interim. >> tony, you know, i am pausing that it's may 4100 is a logical place. i know you don't like to play stock market

if people go back and listen to the call you made. you were spot on, in terms of under the surface, a lot of things just got obliterated, is there a level that makes sense when it ends on the s&p 500 to the down side? >> yeah, as you know, and thank you. i really follow four key that tactical indicators and not a lot. here's why the quan funds that are so big and the passive investing that is so big, they have taken away the levels they are not built by human beings a level that is going to hold support, so many people quote unquote bought it there before, that when it comes back to the level, they will buy it again. that is not the case here because of the past investing in my opinion, and algorithmic trading. i look at the key indicators and what i saw today, is there is 90% of stocks in the s&p 500

they are below their ten day moving average that historically has been a head-s up that it's over sold and i think karen is right, it did it big at the close. secondly on your thought, guy, on the vix, it's not the absolute level of the vix that is important, it's the ten day rate of change if you look at the ten day rate vater, over the last year and before, when it gets to 50 and above, you are in the heart of it that day or the next day that you make your peak even when it worse. it's not that you go out and throw all of your money. we have been sitting on cash since the spring you put it all in on the next tick i don't think so do you find the cyclical names that have been destroyed that can benefit from the good credit conditions back to what mel asked about in i t -- i think you have to look at

the namies. >> tony, thanks for being on o you said is -- you said cyclicals. >> i looked at my note today and it looks like a dumb call based on the s&p 500 making new highs every day. the internals of the market and most of the cyclical sectors that i was worried about, are down from that level will. the economic recover is pro commodities. int so, it's almost that we had the summer of indigestion that under needed a transition. i think that it has not worked until late today, i think that kind of catalyst, we needed a

catalyst i think we are in the midst of the catalyst in to the year-end opportunity. i have proven that i'm not a great trader but what i'm good at is defining the whole risk/reward and you think we end the year in the economic recovery theme, just like we began the year in to the economic recovery theme. >> tony, good to speak with you on a day like today. >> thanks for having me, mel >> let's say you are in the camp that does not believe that evergrande poses a financial risk there's probably a lot of people out there in that camp but could actually pose a risk to chinese economic activity i'm wondering if that then, if you think that then has an impact on u.s. equities or the u.s. economy >> 100% it does, and i think that's the right way to think about it it's not a black swan event anymore. it's out there, and we all know about it at this point, it can be quantified we don't know what the knock-on

affects would be i am thinking back in my career, there's numerous instances where people wanted to panic and say it was going to be systemic can and there was one that was, you are talking about the chinese growth decelerating. they came out of the pandemic before we did. and you see the consumer data and other data decelerating. as this relates to consumers is important. and just look at the industrial sectors or the cyclical groups that tony was talking about. i mean, cat pepillar is down, ad if you look at rates the treasury yield, it's tracking small caps and stuff. so the groth deceleration trade has been on for months and even karen, i hate to tell you, j.p.

morgan is looking like it's taking a massive held and shoulders top, it's in the same place it was in march. it's in the same range if growth is slowing globally and you throw a curveball in the mix, which could be a little credit or something like that, we will have a market just a bit lower. i'm not saying we will crash it's not the financial crisis. it's not february and march of 2020, but man, guys, 10% move down to the 200 day moving average that would be healthy. guys the market would still be up on the year >> yeah, coming up, more on today's offs we will show you where you can maybe find shelter from the storm. we have details when "fast money" returns

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welcome back to "fast money" be, we have an earnings alert. shares of lennar on the move, down 3%. let's go to get the details. >> reporter: yes, down 3% after the company reported a mixed bag for q-3 and they came in with a

beat on qps and that was the first revenue miss in 2-1/2 years for the company. like dr horton and others, they lowered their guidance for q-r closing. that is below wall street expectations of a little over 20,000 they said the industry as a whole continued to experience unprecedented supply chain challenges which we believe will continue in to the foreseeable futures, that is why they were sibs 00 homes below the guidance but buyer demand the strong and it's reflected in the sales growth it was driven by strong price appreciation revenue per square foot increased 14% and cost per square foot increased 8% >> you mention strong demand, what does the backlog look like? >> very strong loob, they are coming in with a lot of people coming in to a

market still has nothing for sale and the existing home side, we saw supply move up a bit over the summer but then it dropped again, we are hearing reports from realtor.com that supply is falling again as more buyers come in the market and that will create more demand for the new homes, it will be a question of how fast they can get it built they have a strong backlog, but they can not deliver. >> thank you there's worse problems to have, karen finerman >> heyes, i have some of them a strong backlog, is that what you mean and an inability to deliver product? >> yeah, yeah. exactly. >> we talk about is it a sale delayed or denied in and to me a house would be a sale delayed. i like that they have a strong backlog. that is great, of course, they will lose sales along the way. i sore of thought there was a lot to like in this. they have been buying back a lot

of stock i'm bullish on the home builder and related consumer related to home building trend. rocky though it may be, i think the supply chain thing lasted longer than i thought it would i think the dynamic that was accelerated during the pandemic is still there that millennials are buying and people wanting to move out of cities somewhat, i think it's still there and the supply demand dynamic was many years out of whack is still out of whack. >> i mean, to not denied, tim, because there's no other, there's not many other things to buy out there, as diane appointed out. if you wanted to say, i will not wait for the home that is delayed because of supply chain, there's not a lot of inventory >> no, i mean, look affordability and inventory are the two big issues and but, there are major trends and dynamics at work here that i think continue to support the market as well including rates that will stay

low. and you though, a credit krurve of some kind could make credit hard thatter to find, but it's going to bring rates down that much more. karen is talking about parts of the trade. if you look at the xhb, and l ennar is 4% of the index and the number one stock is carrier or look at the trane, or seely, these are ways that people are getting exposure to the trade that is alive and well, even though lennar has a backlog of 31,000 homes and the story is strong for them. i think as bad as supply constraints are, i think some of the input costs are coming down. lock at the price of all the things we talked about in the a-block. that there's at least a tailwind, i think on price pressures for the home builders. >> coming up if you are wondering what to do after the rough trading we will layout the top safety play. and china's evergrande is --

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welcome back to "fast money," wall street walked as we follow the latest developments out of chinese property giant evergrande, the collapse sending shock waves through the market >> reporter: ever grande is china's second largest property developer. it owes $300 billion in liabilities and saw defaults in cross default risks. we will see if they avoid default. first thing to watch, interest payment deadlines on bank loans

and bonds this week w if they fail to settle those within 30 days they could face restructuring. second, a rescue plan, beijing signaled they are not keen to step in with bail outs media is reporting that another rival may biasuy assets. and they are wondering if injecting of liquidity will be done to stabilize. the market resumes wednesday after a long public holiday. we will get a look at how investors here in china react. back to you. >> thank you, for more on the debt issue let's bring in chris from bond click. great to have you with us. how do you think of the possible

impact of a default? >> i think one of the things that we are seeing right now is we are seeing an example of what the fed and many of the g-7 countries have been trying to avoid, which is a super large issuer defaulting and what that might do to the overall confidence in the market so, as you were just talking about what the chinese bank might do, it's important to watch their action here f , if e decide to have a hands off approach, it can shake confidence in debt that has been hot in three or four years as global investors have been looking for yield. >> who owns the debt in large part i would imagine, lots and lots of funds there's many investors starved for any yield. >> there's going to be names in terms of the big holders black rock is in the top five of one of tholders that is looking across the corporate debt.

the holding information is public but i think what will be important here is not just who are the holders, but really, how is the treatment of a default going to be different than what the g-7 countries have done. if the treatment is what we used to do in the old days which is let a company default. that is when people will question having invested in dollar denominated emerging debt because the central banks may not bail them out like they have in the g-7. >> chris, it's karen, thank you for being on i look at the debt over the last couple of weeks. this is not a surprise to the debt i know it's down a lot yesterday. i know it's down a ton doesn't it already reflect default or really very low likelyhood of getting anything remotely close to par back, hasn't most the pain been felt >> absolutely. if you were a holder a month ago, the bonds are trading

at $.53 a dollar those trades are being reported at $.25 on the dollar. you felt the pain on the ride down that should be concern canning with something that is going to mature in six months, because most people assume in a year that the probability of default, even in the most distressed issues is next to zero but the thing that is happening, that is really concerning. the moves have been codified with a big increases in over a all trading volume, which to me , is the market affirming there's a real problem here and the more you see the prices go down, the more people are basically pricing in the fact that the central bank of china is in not go ing to step in. >> chris, if we sort of go one step further with this, if we are to do believe that investors are going to think different about dollar denominated emerging debt, could they pull their money out of other issues and put it in to other corporate debt i mean, i'm just trying to think

of how investors -- if that is really the impact in terms of how investors regard the quote unquote safety or backstop of this sort of debt, assuming central banks will step in and they do not step in, then what happens? >> i think you are making a clear point. like, what would you look for to understand whether there's a bigger problem with global markets beyond this default? i think if large investors do lose faith in dollar denominated emerging market debt, what you will see is global debt markets will have a larger number of issues that are negative yielding i think the total outstanding volume or outstanding size of negative yielding debt was about $12 trillion, that is down from 18 trillion about a year ago and i could see that number going up to 20, t25 trillion, it's a flight to quality and that pushes all of the yields down, and all of the prices up for debt so, you know, the emerging

market, dollar denominated emerging market itself has tripled in the six or seven years and that shows you how much appetite there has been for yield. you shut off the market and people have to put the money somewhere and you will see it coming back to the g-7 nations and starting to form ultra low interest rates great chris, thanks for joining us appreciate it. >> my pleasure >> chris white, bond click tim seymour, these are extrapolations, how do we think about emerging market debt when so many investors piled in, in such a low yield world >> i think em debt, dollar denominated em debt that in most cases is high yield, although outside of the sovereign level, and chris is great ever time he is on the who show, i think the viewers learn more

about how credit markets work. there's a difference between negative yielding bonds of where inflation and where yields are in terms of credit quality look, every bank in the world has forced investors out at the risk curve it's a case where at some point, again, think of where we were relative to precovid level w will -- i don't think em debt as an asset class, i realize china is a bright a light on this, but it's been like it for a long time you t i think they use their local currancy to remove pressure. there's no question, big investors and the reason you hear about black rock. a lot of it is they have the

biggest etfs in emerging so that's what they do they hold the debt they are the most sophisticated invest have rs in the case many cases really some don't know what they own. >> the dow dropping more than 600 points if you are seeking safety, we will be here to layout three safety trades and banks breaking down as well and options traders are make ing a bet on the gupro we have the details when "fast money" returns [slow electronic notes fade in] [fast upbeat music begins]

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♪ ♪ welcome back to "fast money," here is a look at how we finish the day stocks hit hard in a hamarket sell-off there's three names to consider if you are looking for a place to hide out. chris, good to see you, what are you looking at ? >> great to be here. we have to put the move in a bit of context the correction is not three or four days old. the average stock is actually

been correcting for months and months and months. so we brought along a couple of tables and a couple of names where i think we can hide out and find safety. the first thing that i want to show you a checkup of where we are. off the highs, both nasdaq and s&p have been down five. and russell 2 down 8 if you look at the second table, the average stock is already will down quite a bit more than that the average s&p is down 13% and the average nasdaq stock is down 15% from the high. the average russell 2ooo stock is down 30 the average issue has been correcting for months and months and months we think we are enclcloser to t end of it than the beginning i want to show you three names in particular that i think can be bought here what we are looking for is one of two things. names that are over sold with good up trends or stocks in a

tough tape that are showing unusual signs of leadership or strength we will start in health care, this is lilly, a ton of support near 225 here. you are over sold 14 day rsi, well below 30. it's a good condition for pharma in general, you see the names getting thrown out over the last several weeks. i think lilly and pharma more broadly is timely here and next, i want to talk about semi, it's been a bright spot over the last number of weeks. broadcom, abgo, you quietly making six month relative highs. so, again in a tough tape. this one is exhibiting leadership it's been sideways since january. but that's been enough over the last few weeks to exhibit some of the leadership w i think you want to be a buyer it's still above the 50 day moving average 80% of the s&p and below the 50 day. this one is above. so it's exhibiting that type of leadership that we want to see

and third, i think it's very curious that the travel stuff, some of the consumer names are acting better. this is marriott, partticker ma closed on the highs and has not made a new low since july. it's breaking out in relative terms. i think you play for a rally back to 160 as we move in the back half of the year. three names in a market that i think stocks have already corrected. the only thing that has not been hit enough is the index. the average stock is down sharply already. >> chris, if we had you on today and today were a different market day, and we were flat to higher, would would you still say that these three names look good >> yeah, i think in particular wharks is notable is some of the travel stuff, despite the concerns about covid and growth slow down, these things are starting to firm up over the last few weeks mariot is an example, expedia is another one. and we have seen the airlines get a bid. i am very interested that the

consumer cyclical, and travel stocks in a sloppy tape are acting witact ing well here. >> thank you, chris. guy, what name do you like of the three safety trades? >> choose your adventure, it would be broadcom, operating margins were up to 58% the street was looking for 54% so they are blowing things away. talking about a company that had 12% eps growth, trading at 16 times next year's numbers which in this world is outright cheap. you think it made an all-time high, 5, 10 or so, we have pulled back a little i know you did not ask for the gain, but you chose it yourself. >> i asked you to pick a stock and you did it, good for you dan, same question for you, which one do you like? >> i will play a different game. expedia, i like, chris did

mention that but that thing is supposed to get back to prepandemic revenues next year maybe. they are supposed to grow 25%, earnings are expected to be up fairly nicely off of a small loss this year this one looks interesting to me it closed up today like chris medi mentioned, i like this one good balance sheet, reasonable valuation and when the pa-- whe the pandemic is behind us, it will rip option traders are making a huge bet on the banks and stocks are dropping as troubles from overseas sent stocks plummeting. don't go anywhere, we are back in two

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. welcome back to "fast money," check out the banks, the xlf financials worse than the s&p 500 session. one options trader is making a bet that the main is almost over tony is here to break down the action tony, what did you see >> yeah, so morgan stanley l traded actively today, over 80,000 contracts traded, which is more than 2 times the average

daily volume while the stock was down over 3% here today the 30 day front month option rose by more than 20% in terms of volatility, one took advantage of it and sold 19,000 contracts of the october $90 puts for $1.30, that accounts for over a quarter of the contracts traded today and they are 9% out of the money. if morgan stanley stays above the $90 level, this trader will profit about $2.5 million over the premium that they collected on selling the puts. but, if morgan stanley is below $90 by the october expiration, they will need $168 million to purchase the $1.9 million of shares that they are obligated to buy it's a fairly certain bet that they will holdup before the

october expiration >> tony, do you know, does it encompass earnings >> i -- i do not believe so. because i think it comes out right after the october, this expires on october 15th. i believe the earnings is the following week for morgan stanley. >> yep, okay, thanks, tony dan, what did you make >> looks like earnings are confirmed for october 14th and this is one way to work yourself in a position to a stock that traded as high as very near 106. you know, just a couple of months ago and to me, to your point, you know, selling naked puts in an environment like this is definitely deep end of the pool stuff for the people watching the show. >> for more options, tune in coming up, markets are getting rocked as stocks are plummeting. what to expect when asian fa mmaetop stoney is back in two.

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let's get to will for the early set up, hi, will >> hi, another day oof selling i expected for the asian markets they were closed yesterday for a holiday. a 1.3% drop is expected as they catch up from the is selling that we saw across the region yesterday. that was highlighted by hong kong that was down by well over 3% the worst day since anjuly, the evergrande debt crisis playing in and the fear that it could spread across the property sector and a concern is the exposured in australia as we set up for the third straight session of losses they are indicating a 1.4% drop. we are seeing the commodities getting hammered if you look at the big price

names, they are dropping well below $100 u.s. because of the fact that if you think of the chinese real estate sector, we will see a asia market set for a drop again >> guy, what are you looking for first thing tomorrow morning >> yeah, bond market for sure. tim mentioned the dollar, that's the other thing clearly. so, to me it's the bond market you saw a flex in quality in the form of the buying going forward a. chris said something quickly the fact that the lower evergrande goes the more unlikely it will be for the bank of china to step in. what a unique and refreshing thought that the central banks would allow things to fail we should give it a shot here, and it may be refreshing >> there's a degree of irony to think that communist china and central bank will allow them to

function as they function when the u.s. banks and other banks intervene. that is an aside, karen, what do you look for >> back to a good comment. we would not let it happen and that they would. that is high -- that is ironic. i'm hoping that we see bad actioner sort of around the world and we open down here and i will be looking to buy >> i would not do anything until europe closes. which i think is where karen and guy are talking about. typically you need to see the markets close before we price in strength here. i just think that ultimately investors right here, don't have a credit crisis is and i, you know, there's been a lot of parallels and an logs that we have been hearing about, let's see where it goes. >> okay, up next, final trades

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happy birthday to dan nathan, final trades, tim? >> happy birthday, dan, best buy looking good in to earnings and season end gross margins going higher >> aaron. >> hi like the health care space

and big pharma case. >> birthday boy. >> expedia, i like that call >> guy >> happy 49th birthday, and i like the call on broadcom, as i said, abgo. >> thank you tfo that's the abgo. >>. >> snnchts sfwlnchts "mad money." 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 some money. my job is not just to entertain but to put this in context so call me or tweet me