the daus and maus. this reminds me of rocky iv when draggo finally starts to bleed facebook is draggo they were bullet proof now you're starting to see little cuts here or lichinks in the armor. a little bit weakness i would say is starting to push them over the cliff now i do agree with brian as well on the buyback. could be supported to the stock. but to tim's point, i was on with him about a week ar so ago and it did bounce off the 200 day. then it came right back into the 200 day prior to this print. that means to me there is embedded weakness in the stock so bulls on the stock are going to say hey, even if they break them up, sum of the parts is more than it is now. i think we're starting to see

critical mass where people are not getting behind the dollars zuckerberg is not a big personality. i think it is coming in in a little bit harder than we've seen in recent pasts >> pumping profits oil stocks on fire today they touch the highest level in seven years. we'll tell you how they're playing this energy rally. they're going all in on the crypto trade its a story we broke first on cnbc.com

sustainability is essential to creating a better tomorrow. that's why cisco is committed to achieving net zero emissions by 2040. and we believe our smart buildings solutions can help. providing power to reduce emissions, intelligence to eliminate waste, and collaboration tools that help the workplace and the planet. between meeting human needs and a sustainable future, there's a bridge.

cisco, the bridge to possible. ". welcome back to a special edition of "fast money."

crude hitting the highest level since 2014 and big oil seeing some big gains. valero, exxonmobil, chevron, royal dutch shell among the energy companies rallying. our next guest labelled energy as the top play. >> the argument for the energy trade is wti has a capacity to go higher. that there is no demand at higher prices. in your notes that i got, you say $252 is the magic number in terms of when energy could have a deleterious ineffect on the economy. why that level >> yeah. melissa, it's a rough number one thing we have to remember is oil really took the economy pushed it into recession in 200 # at $133 oil. in the last 14 years, the u.s.

economy is less energy intensive. and we've had general price inflation. so for oil intensity to hit the economy the way it did in '08, it needs to get to $252. >> tom, when you look at the sectors and subsectors, when i look at an exxonmobil, large integrated player, the stock is up over 50%. when i look at the emp space, eog up is 90%. refiners are doing less than that the do you get into the granular of that or are you just thinking about the commodity as a whole >> that's a great question oil has risen faster than energy stocks so there is still a really substantial catchup trade for energy equities to catch up to

oil. there is a lot higher for it to saend here energy is one of the dark board sectors right now. almost anything you do will actually be a profitable trade i think the best investment strategy is bet on a supply response that means capital spending should start to accelerate and that should take people to the oil field services sector. i think one of the challenges people have today is they think oil is irrelevant because it is esg or it's a melting ice cube you have to remember capital spending is going to rise for five years into energy services. that's a secular growth trade. growth managers who bought oil in the 90s is going to come bac to this this is the second leg of the acceleration of the group. >> tom, that leads me to my second question about really going back to those trades that

we saw they include country trades. so oil in russia is still pushing for the company, the only ticket. break out of the xt and break out in south africa even where you have currency issues your thought on playing countries that have exposure to this trade >> yeah. there is a great statistic from the cia about energy exporters roughly 40% of global gdp or countries take their money from exporting oil. so the rise in oil is a huge flationary trade for nondeveloped world countries so if you're sort of thinking em, that makes a lot of sense f you're thinking regions, like you said, whether it is lat unamerica or russia or africa, they're going benefit. but technology sort of -- if you want to have a technology bench here to your trade, it really should be u.s. oil services companies.

>> hey tom so that's kind of interesting. one of the reasons that it is cited for the runup in oil as we haven't had that unvestment in energy services. you have companies like an exxonmobil paying out a dividend, looking like a tobacco stock because of esg i guess the question is can they ramp up that quickly and what should we look for for that ramp up because it would seem to me then the energy service stocks could get ahead of themselves without the big companies not coming back in. >> that's -- i mean, there are so many great points you brought up number one, tobacco is a great analog people thought people would stop smoking with the huge settlements. as you know, tobacco with were great equities today energy stocks are trading at, you know, three, four times free cash flow but more importantly, i think that the -- if you look at the fact that world is becoming more digital and things like

cryptocurrencies and deigital assets is central that, means energy intensity is going up there's a thesis around the energy equities because it's a low cost way to power things like the bitcoin network. >> tom, good to see you. thank you. >> thank you >> tom lee tim, what is your trade on energy >> well, so, look, i've been long schlumberger. he is right. they're now more than double where they were a year ago and the higher oil prices go, the more drilling there will be. that is human nature p it's the nature of the oil companies. even though i said also that they run differently they run for profitability and for equity investors unlike where they were 15 years ago back to russia, i mean, look a some of the names you can buy in adr form and they're breaking out in fact, you're really back at your all time highs. i think they're trades that will continue to work but if you don't want to go far afield, names like eog and

diamond back which we also talk about all the time are best in breed and companies that have made sure that their balance sheets are fortified and not going to grow at all cost. i think the whole sector has a way to move higher >> human nature is to drill more when price goes higher that worries me about the energy trade. that is the reactiony, you know, cycle that we've seen the energy industry go in where it's boom and bust constantly according to the price. how do we know that it's not the same this time >> yeah. i think you muight be right. there are a couple mitigating factors. and esg is the big part of it here we've decided to get out of the hydrocarbons and into renewables without actually having a plan how to go from one to the other. so there is catchup to do and we're wrong.

and we're done here. exxonmobil that a returning capital have capital return. but then can also benefit from the short. so if you want to be a little more con sservative, i would go back to the big ones >> mastercard making a boet own the krit tow space accepted us your questions on mitter. weight just answer you live on the air. we'll be right back after. this why not both? visibly diminish wrinkled skin in... crepe corrector lotion... only from gold bond. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do.

indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire your doctor gives you a prescription. let's get you on some antibiotics right away. you could have it brought right to your door, with 1-to-2 day delivery from your local cvs. or same day if you need it sooner. but at a time like this, aren't you glad you can also just swing by to pick it up? and get your questions answered. because peace of mind is something you just can't get in a cardboard box. that's healthier made easier. at cvs.

. welcome back cryptocurrency getting a big backer in the thin tech space. mastercard is going to announce any bank or merchant on network will be able to integrate kcrypo into banks it up is 150%. take a look at bitcoin, continuing the march higher. up 50% in just the past month. how big a deal is this, b.k.

>> i think it's a very big deal for the adoption of bitcoin, absolutely we talked about this the this is part of the thesis is that you're going to get crypto, bitcoin and cryptocurrency more generally into the fourth phase of the growth cycle you have the venture capital phase, growth phase, the commodity phase. it is called digital gold now. now kit go to the last phase there. it really becomes a currency can you actually use it. that is always been the, you know, the bears criticism. can you never use it now you can. with mastercard. to me, it's a really, really big, no the just for sent bent but also just for moving it along the growth path. >> feels like there is a crescendo of events in the crypto space $1.5 billion after 10 straight weeks of in flows into bitcoin where are you standing here on where we come? how far we've come

>> we've come remarkably far the pull yakz were ones really largely institutional adoption was there to buy and most of what we were talking about, headlines that were accurate or not, in terms of where china was pulling the plug bk made this point this is the fifth time they've done this. but the institutional adoption has been waiting to pull back. the regulatory environment is adding to the scene here that is good for price is. i realize this is about decentralization institutions need this they need to be able to buy. ultimately for mastercard this is a story that i think is really a value embracing the future i think with mastercard more importantly though, the stock has been held to, you know, covid-19 and delta breakthrough cases and reopening headwinds. and for that reason, i think the report this week, i think the stock looks very interesting

because the headwinds are limping fast >> steve >> yeah. i think it has more to do, more bullishness to do with the actual cryptocurrency or bitcoin specifically versus the credit card companies to to this point. mastercard is up 1% year to date of visa is up 7% and american express seems like the winning shell horse here where that one is up 50% we heard from them last week i think if you bet on the credit card companies, stay with american express if you look at the cryptos, what is amazing to me, melissa, is that most of these banks still don't allow you to buy crypto or to even buy bito i tried to buy it through -- i own it, ito, but through -- i don't want to mention the bank name i know i'll get a flood from them on twitter, but they still

are so far behind here on the story and i think the more the story is adopted like these types of stories, the higher bitcoin price with go. everyone is talking about $100,000 but i think if you go fastly higher than that ultimately you start to get the adoption from real old school banks that we haven't seen >> coming up, we're tackling your questions the so if you got one, send us a tweet. we might just answer you lufiven the air. zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. ♪ ♪

♪ ♪ ♪ ♪ so to accelerate growth, should all our it move to the cloud? well, it isn't right for everything. the cloud would give us more flexibility, but we lose control. should we stay, should we go? ♪ ♪ ♪ darling you got to let me know, ♪ ♪ should i stay or should i go? ♪ we have tons of data at the edge, but we have to act on it in real time. ♪ if i go there will be trouble ♪ and we need business insights across all our data silos, but how? ♪ so come on and let me know, ♪ ♪ should i stay or should i go now? ♪

♪ should i stay or should i ♪ wait, we can stay and go. hpe greenlake is the platform that brings the cloud to us. and it'll accelerate our... our digital transformation? absolutely. ♪ should i stay or should i go now? ♪ ♪ ♪ ♪ should i stay or should i go now? ♪ meet chef clem, owner of doughn't be sour, a sourdough doughnut company. she was flying back from a conference, when she got a text: she needed a bigger fridge asap if she was going to fulfill her orders. so she used her american express business platinum card® to earn more points on the big-ticket purchase. she got the new fridge, fulfilled the orders, and with her extra points, she got new equipment that allowed her to expand her business by rolling out a new product. get the card built for business. by american express.

evil dies tonight. [ chanting ] evil dies tonight. [ screaming ] [ chanting ] evil dies tonight. [ screaming ] happy halloween michael. welcome back to this special

edition of "fast money." time to take your questions much we talked about mastercard another player in the payment space. >> my name is keith. i'm calling from new hampshire and i'm curious whether it should be a buy, a sell, or a hold i think the market space is growing substantially. and for all the companies involved but there are many other companies that are coming into the market space that are taking bits and pieces and shares away from the irm also there are ai couple companies that have been around in the firm. and the market share as well that are starting to promote here in the united states. so my question is how you feel about it, whether it is a buy, sell or a hold, thank you. >> brian kelly, what do you tell keith? >> yeah. well, keith from the granite state, thank you for calling in. i would say, listen, if i owned it, i would start selling it

here this thing has tripled since may. and, you know, people say how can a stock go up double or triple in a can you remember of quarters look at this one right here. you hit it right on the head there is competition in this spaus. so this thing is priced to do pretty darn well i think likely we have priceded in a lot of the growth i try to sell a third up. i would absolutely not buy it. if you really want to be aggressive, can you go up. >> i think we lost people on the drawer thing >> hi, my name is kevin. i'd like to get your opinion on kinder morgan and what you think will happen with the stock moving forward thank you.

>> yeah. i still vote for it. but to give them more expanded answer this is piggy backs tom lee's segment. why do you want to be in this space if you believe that kmod tuesday are moving higher. then you want to be in the emp space because they have upside exposure to commodity upward movement in price. if you think that you just want to get paid on an annuity with a 6% yield, then kmi is your place to be. but even safer than that, i'm going to give a would you rather in the grasso head, exxonmobil is up 56% year to date that's a more well rounded that is definitely worth his

money. it is worth the money. >> tim, what do you think? >> well, i -- look, i am in there. and yeah next up, a question on fear. potentially shooting at this sam. the stock has nearly dropped off by 50% over the last year. particularly because of the lower guidance and concerning the hard seltzer business. i was wondering if you think that is a value play

and they are headed to the for folio. portfolio. >> you're looking at on grabbing yourself like a cold hard seltzer. >> never >> i don't think i ever have or ever will. i think the growth around this category while extraordinary on a relative basis and a $2 a share guidance pulled now the stock still not cheap. i don't value that, therefore, it is value tracked. you're going to see low single digit growth here in this sector i do think this is a interesting call

but i think they're $50 to $100 away i think the pullback and that is north of the boarder >> should good things be expected in the stock price. is this layinging rebound? why is united airlines trading down 50% from 2019 when the earnings are 75% new more. >> he has the best backdrop for the question hands down when it comes to questions steve grasso, what do you tell him? >> yeah. i think that i would be a buyer here and what we learned out of american express earnings is that i believe that the corporate client is coming back and for corporate clients coming

back, corporate travel should be coming back. there's been a lot of headwinds literally and figuratively in the space. i do believe they'll start to dissipate and become tail winds. i think the market is just sort of taking a wait and see approach, selling first, pulling off, going to other sectors. i think ultimately this is going to be a sector worth owning. >> quickly, tim, if you're a believer of the amex numbers we saw last week, you should be a believer that corporate spend is am coming back >> corporate spend is coming back united themselves told us that they're seeing -- they're adding 10% to international capacity. those are the high margin flights steve is referring to. i think the dynamics for airlines continue to look better into the fourth quarter. i think as we also said, these are companies that have learned how to be leaner and meaner during a difficult time. all those cliches, nothing like

prices to be company which i think and somewhat and what the viewer indicated is this is not the same eps profile that it was going into covid-19. you look at the balance sheet, it is lefrd. the earnings power has been diluted. that is something you have to be careful about. >> the company that makes america's best-selling vehicle is in for a shock. the puckup race kicks into high gear we'll tell you the one name to watch ahead. you can read all about it on the cnbc newsletter. all the information to sign up isig tren rhthe oyour screen. that is right after this

in 2016, i was working at the amazon warehouse when my brother passed away. and a couple of years later, my mother passed away. after taking care of them, i knew that i really wanted to become a nurse. amazon helped me with training and tuition. today, i'm a medical assistant and i'm studying to become a registered nurse. in filipino: you'll always be in my heart.

welcome to this special edition of "fast money." you think of the race for electric pickup trucks, you may think of the ford lightning. there is another big player revving up, it is getting a lot of attention from tailgating fanatics ful la phil lebeau is here to tell us more >> the company is rivian the ipo is coming later this year we had a chance to drive the new r-1 t. the electric pickup truck they have begun deliveries of this. frankly, it lived up to the expectations in terms of what i was expecting to experience. and i do think that electric pickup trucks, that is the growth area that we're going to see evs take off over the next couple years for a variety of

reasons. price starts at $67,500. it is on the higher end when you talk about pickup trucks people are going say, look, we're seeing a ton of these potentially coming out over the next couple of years you got the gmc hummer and, yes, that is a truck technically. it doesn't look like a pickup truck. the deliveries start later this year the lightning. the cyber truck is later next year the rivian, deliveries have begun and they're ramping those up as they begin production at the plant in down state illinois horsepower, more than 800. 0 to 60 in three seconds with the range of 315 miles and the reason i think that you're going to see electric pickup trucks become a big growth area primarily because of the capability of what you can do in terms of torque, in terms of capability if you are a contractor or if you're somebody who wants more ability because of the electric utilities that are attached to it all of those are reasons why i

think electric pickup trucks, that's going to be the growth area when it comes to evs. yes, i know, tesla is off to the races. breaking through $1,000. or one trillion market cap but in the last three months, even before today, tesla is moving higher even though we will not see the cyber truck until late next year, me list yachlt but rivian, watch it. it's going to be an interesting truck to watch and rivian will be an interesting company to watch >> we talked about tailgating and tailgate lovers loving this car. it's got a cooler in the back or something? what is the deal >> no, not a cooler. there is an attachment can you purchase from rivian where it's hard to see from this video here but right behind the backseat is basically a through tunnel where you can store all kinds of things and there is an accessory you can buy that will pull out and it's a cooking top it also has the capability you

can wash off yourdishes. it's a genius idea for tailgating or for those into camping. and that's just one of the unique features behind the r1t >> sounds interesting. phil, thank you. phil lebeau. who knew who nknew tim, in terms of ford, electrifying the f-150 was a big deal is a big deal to ford's ev ambitions. this could be a truck that could compete head on with the f-150 and getting to market sooner >> first of all, i love the fact that you quickly question and wanted to know if this thing might have a cooler as if this is kind of your go to tailgate maneuver so good for you. and i think in terms of the rivian, there is no question that there will be competition and as much as we talk about the f-150 being the most popular vehicle in north america, there are some things that are really sexy about this vehicle. the question i think for investors is what you are willing to pay for this company?

i think the valuation makes zero sense. ford's valuation is absurdly cheap south of 10 times. so that really is the story. is there competition yes. look, as great as the f-150 is and where they will be in ev land, i do think that they're not the only game in town. and especially when you talk about the performance that phil talked about people that own pickups don't just want to go 0-60 in three seconds, they want to do a lot of things with them. this kind of torque is something -- sorry, steve, that's your word i think it was very well used here. >> phil used it like a pro almost like a grasso brian kelly, the question is, even with this competition at ford's valuation, ford is still a buy on the premise that it is going to be player in the ev sp space. >> yeah. i think that's right the way the stock is trading, looks to me like it may want to break out. this new competition coming in is not necessarily a new story

so to me, i think you're okay with ford. and, yeah, there may somebody extra things going on. i have never in my life wanted to drive a pickup truck and wash dishes at the same time. i have no idea who came up with that idea. >> that was interesting to me, too. thanks, guys, for joining us tim, steve, bk that does it for us here on this special edition of "fast money." don't go anywhere. the most rain ever recorded in one west coast city and a monsters storm headed to the northeast right now. i'm shepard smith. this is the news on cnbc new search warrants released in the investigation of alec baldwin's on-set shooting. fresh details emerge about the moments before and after he pulled the trigger >> basically the whole roof is collapsed and supposed to the weather on the inside. >> extreme rain. mudslides. and punishing winds.