nowhere near january levels, but big tech outperformed. >> talking to the experts, you have to focus more on hospitalizations case count can go up germany said we are not going to count cases anymore, just outcomes maybe we need to think about the same >> brian, always good having you here that's going to do it for "closing bell. "fast money" starts now. >> i'm courtney reagan in for melissa lee. tonight on fast, we are all over the after hours action and william-sonoma on the move calls also underway. we will break those down straightaway and our trade of the day, macy's having its best day over on the

back of blowout earnings a big win for one of our traders. how they are playing the breakout and why carter worth sees trouble in the charts from the energy trade he will break down the action. shares of apple sent to all-time high the company said they may hit the accelerator on self driving cars >> the stock took off in the middle of the day daf a report on bloomberg said the company is targeting a potential debut in 2025 of a fully autonomous vehicle and that work on that vehicle has been accelerated as you look at apple over the last year, and the stock has had an interesting ride. we did reach out to apple. as is almost always the case when it comes to anything apple car related or any work on the

car, the company declined to comment. let's look at what we are talking about in terms of a fully autonomous vehicle right now we have level three autonomy that means partial i cannot stress this enough. people say tesla's autopilot can drive anywhere it cannot. there is no fully self driving vehicle on the road. many that have leaf 3 autonomy the next level would be level 4, almost to the point where you don't need to have a steering wheel in the vehicle level five which is what apple is targeting you get in, it drives. ideal for a robo taxi service or you could see many owning it but robo taxi-is likely where you would see these vehicles what does this mean for other

autonomous vehicle plays >> these are a few there is tesla and they have done a lot of work especially when it comes to autopilot they are working on it general motors, we know what they are doing ford with argo both making big strides in terms of a fully autonomous vehicle. the founder and ceo of aurora innovation, they are developing the technology for a fully autonomous vehicle, one of many companies doing it every time you talk about an apple car gets everybody excited. but could it actually happen keep in mind we were first talking about apple developing a car in 2016, 2017. some said by 2020 you will see an apple car tim cook was asked about their

work on the apple car. what did he say? we keep a few things up our sleeves. we are not ready to announce anything >> while we have you, i want to ask you about a treat sent from ford's jim barley saying they plan to make 600,000 electric vehicles by their target date. can you tell us anything more about that >> nothing more than the tweet he doubled down on ford's commitment for electric vehicles they have the f-150 lightning coming that will give a huge boost to their sales. you have the mustang mach-e. and you have the e transit coming on line jim is ultra aggressive when it comes to the development of electric vehicle this target of 600,000, if they

hit that, they would probably be number two in the world in terms of electric vehicle sales by the end of 2023. tesla is number one and will likely stay that way for sometime a lot has to happen between now and then, but i am not surprised to see that from jim farley and his team >> ford doesn't want to be forgotten in that electric vehicle discussion let's talk about ford. what do you make about what's going on in shares of ford >> i think bill said it correctly. they will be super aggressive. they are focusing on pickup trups. with rivian last week, 70% of cars sold in america are suvs and trucks i know they have been all over that trade phil also mentioned ford has

this deal with argo and lyft for autonomous there are other ways to play this if you ask me are you buying apple. somebody was today i would say okay, fine, they are probably as good a bet as anybody to make an autonomous car. whether they have fleets available in 2025 is another story. i don't think analysts or investors any time soon will be modeling their numbers going forward based on this sort of speculation. >> tim, did these numbers out of apple excite you, give you another reason to look at the stock? >> i am long the stock -- i am sorry. >> that's all right. tim, first, then karen >> i would rather listen to karen. typically with the story around apple in the last five years it has been hardware or software from services companies.

the debate is whether this will be transportation as a service where apple will rope you in that's where i think you should get excited. i wouldn't chase it after an 8% move in four days. it points to the excitement. i would point back to detroit. gm is gloing to have a million autonomous vehicles by 2030. they will have availability for some fleet services by late in the decade the fact that ford has the expectation on ev vehicles, i think detroit is in a much better place to compete. i am not saying they are tesla but everything we are sear about these car companies and pointing at tesla cars on the road and the number of deliveries this year and what their market shares are, reminds you that it

is a car company i think there is massive valuation mismatch if you are getting excited on a day like today on apple, it is in the share price, but not in detroit. >> fair enough karen? >> i agree with pretty much everything tim said. as phil said we have heard this apple story a couple of times. this sounds maybe more real, but do we want them to send the money that way now in this environment with evs trading the way they are, anything remotely like that gives buzz to the stock. i like apple controlling the mind of the car. actually making the vehicle itself is a capital risk endeavor, although they do seem

to have endless capital. i am long apple. i guess these days it's a positive, but i wouldn't buy apple for this >> guy, does this make apple more attractive in the long-term. as phil told us, this is level three, not five. and this is the universe, not metaverse. it sounds like a video game. >> i am going to hang out at level one if that's okay apple and an autonomous car, which i would never buy. yesterday they announced you can fix your apple devices at home which clearly is not for me either october 12 for you rounders, at 4:05 apple said they were going

to cut production of apple phone 13 because of chip shortages the stock traded higher the next day. today it traded two times normal volume just like you were buying it that day on that tell. i think today is the day you take money off the table and look for a pullback in the high 140s >> that run got us thinking about other stocks check out these names with all-time highs today -- nvidia, and home depot, too. alibaba sank over 11% after its latest report. peloton, robinhood, and penn national and roku. do you stay with the stocks that

are working or do you bet on the comeback kids? >> dan >> i think it's an interesting dynamic. the ones are massive stocks and levitating the market. both the s&p and nasdaq are sitting near all-time highs. the russell, we have spent a lot of time talking about in the last week. small caps have broken out it appears they have come back in i think the crowding in the big names that are working is not particularly bullish on the flip side, the names down 50 or 60%. these were darlings. they may not have been market caps, but as we were looking to work our way through the pandemic and what might be accelerated on the way out the fact that stock market investors, there is no low low enough a few other names, zoom, and the

list goes on and on. you are losing a lot of these darlings i think that's a problem microsoft at an all-time high and even google at all-time high is not bullish to me i know a lot that are trading down 27 or 28 times, i don't know this time is different, but it seems dangerous >> karen, i am surprised about the move up 7% since they reported earnings you usually don't see these big moves from home depot even with a blockbuster report what do you make of the have and have-nots? make sense to pile on or wait for the tide to turn >> i am in home depot and lowes, so i like to think i didn't pile on for a while i was surprised by the move. they had a nice run going in

i think what dan is saying, this sort of -- everyoning ae aggreg into these names everyone wants blowout growth or it's not goodenough. i don't know what to do with homedepot to be honest i like the trend going into it, i can't say i was expecting more than this price so i am stuck to do with it. maybe sell calls with it and take money off the table it has had a nice run. >> tim, what are you going to do >> if you say the rich are getting richer, are they too rich on valuation? nvidia, where the auto sector is

going, the gaming sector, the metaverse, this is why nvidia is where it is. it is over 60 times. it has always been expensive i think it is a little rich. home depot is in the middle of a very strong trade. while the stock is getting richer and so are its shareholders, like karen, i think tail winds for home improvement and housing and playing housing through a home depot and lowe's and williams-sonoma we will talk about at some point tonight, but you are seeing on the upside, it is not surprising on the downside but the rich are getting richer, but the poorer, to what extent is there a valuation opportunity. it's interesting that alibaba sells off on an earnings day

when that's not the story of alibaba. 20% growth, when you look at the stock, i think it's attractive this is a story about big brother. on the same day, j.d. went up because they are the favorite son. despite my inability to apply calculus who what will happen with the regulators in china. this is interesting. the move today is not the reason to be selling down alibaba it is not expensive. that is a have not that i am starting to get pretty attracted to >> guy, the haves or the have-nots? >> the haves we haven't wavered from home depot for years on the show.

the comps they put up today were coming against comps that were difficult and they still beat them and analysts, a lot of them have had it right you see the target price has been to 455. i don't think it will be a straight line, but i will stand by home depot. in terms of nvidia, for perspective, that move from 200 to 300, that was 300 billion disney itself is a $280 billion company. some of these numbers, i get desensitized to them and we don't take them into consideration. if you look at it, it may be time to prepare some games in nvidia but home depot, i think you stay with it. kate, what's going on?

>> we have this tweet -- he says this is to raise cash and make a couple new investments s sofi went public in january. it was a billion dollar valuation. holding still about 85% of sofi. shares moving slightly lower after hours on that move >> that's right, down about 1 1/3% dan, to the trade on this one. anything on the tea leaves that they are selling 15%

are they really selling for cash or are they seeing something we need to look at? >> i don't think so. this firm has done that on a bunch of occasions they have had a bunch of spacs they do this because they will continue to use that vehicle to bring companies public i am not happy that it is at 20 bucks, was at 23.50 a couple days ago i like this story when you talk about him in the tweet saying they look to reposition the system when they listed it, they listed a to z. coming up, earnings.

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welcome back to "fast money. we have earnings alert on applied materials. shares on the move after reporting results. down about 5%. >> applied materials trading near its all-time high, up 80% this year. now dropping in after hours. missing on the bottom and top. and q1 guidance also missed. the company said it's executing well but supply chains has impacted results his racing is buy. well positioned. they have equipment to manufacture semiconductors he said the pandemic fueled consumption in big shifts. he said there are supply chain

miss he said without that, the estimate would have been 300 million higher he said these will persist into 2022, but he said it will improve. and he said it is a top priority >> josh, i want to start with you. supply chain in the chips base do not seem to be abating any time soon. >> they are not going to abate any time soon. it is not going to change the way i look at a-mat. i get they missed. it is concerning to people in the first quarter. it is about 7% lower if you look at this stock on a chart, from april until recently this stock was between 134 and

143. if you were so fortunate to get back to the 143 level, i think you buy this with both hands i get what is going on the stock was unabated you buy the dip at 143 if you get it >> karen, it's 151 do you see opportunity for a-mat? >> i don't love to buy things in after hours move i like to hear the call because sometimes there is nuance with that you don't get from just looking at the numbers do they sound confident, wavering, so i don't do much after hours. another one, qualcomm, which is different but related, has been on a tear since mid october. that one is a little more

interesting, but that move up in the last five weeks gives me a bit of pause >> dan >> i think the likelihood these issues abate sooner than expected that makes sense to me this stock had an early ramp early in the year and has gone sideways i think waiting for this thing to persist longer than we expect, deep into 2022 doesn't make sense the ceo is a stud. they will manage these supply chains well and when things come back, they will have all of that demand this trades below market multiple double digit earnings and sales growth with margins better than expected they are obviously executing well i am with guy. if it gets to 145, i think it

gets bought. >> we are just getting started on "fast money." next -- >> a miracle on 34th street. macy's is this the name you want under your tree this holiday season? plus, ready for an oil slick the chart master says the commodity could be headed for a breakdown. he's fired up. ng tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq what's strong with me? what's strong with me? yeah... oh. don't worry i got it! what's strong with me? what's strong with me? what's strong with me? me?

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welcome back to "fast money. macy's having its best day ever, surging 21% on a powerful earnings macy's raising its guidance

sighting and improved economic guidance tim, can macy's continue to deliver the goods to investors or is this more than a one-time bump >> they have proven they turned the business around. a new shopper, a new shopper experience and a different store and footprint in term of store closures and where their business is and the cost of their business and balance sheet. their financing costs have come down so dramatically that this is a more profitable company to the extent there is this potential bid for spinning off an e-commerce business, that's part of the valuation, but that's a valuation that didn't exist a year and a half ago. the stock is not expensive

relative to at least other peers. for that reason i think i can stay in the stock. the other dynamic is everything to do with the move. short interest is what i talk about every time talking about the stock. a lot of people are running scared when they thought macy's would have to restructure the equity that was ten months ago. that base is 10% and will come down >> the ceo kept harkening to the strength of their balance sheet, talking about paying off the debt early >> now that saks are spinning this out and now that investors are asking them to spin it and saying okay, we look at our business structure, is this a

hope premium we got today? >> maybe it's a hope premium in the past they have looked and done some, like the real estate. but to pinpoint, the balance sheet change here is monumental. it was cheap because people thought it would go under. their bonds traded 50 cents on the dollar i looked at them today and they are at 100 so they are in a positive cycle where they can pay down debt that's a nice place to be. i missed the entire move in this one. good for tim having it i am not so optimistic on the department store story in general. good for tim i don't know how he did it, but good for him >> next week is a big branding for macy's with the parade

tonight will be the macy's ceo on "mad money. courtney, on the call, they say -- but the supply chain issues, williams-sow mona is one of the first to diversify investing in vietnam many years ago they say they were impacted by the three-month shutdown they have reopened and are experiencing significant back logs they don't expect a recovery until mid 2022 west elm a little light at

22.5%. as we said before williams-sow no sonoma down about 6% >> supplies five or six months out, but customers are buying it >> the stock is on fire. we have been talking about it for the past couple years. close to 17% street was looking for 11.8. they beat on eps and revenues. margins were better. they are all good thing. i think the stock just got ahead of itself. we have seen this before in wsm. i wouldn't be surprised today see analysts raise their price target we have seen this act before we are seeing it now

a week and a half later, the stock has all-time highs i think we will see that again tim? >> you are around 18 times forward. i think the best way to play the housing market is through non-dedicated home builder plays. we have talked about home depot and williams-sonoma. a valuation that's not awful, but if you look at some of the appliance companies. i think whirlpool is suffering from spupply chain dynamics but the demand for their product, they are able to pass the coston -- cost on >> carter worth is on deck with how to navigate the energy trade. black idfray is just one

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crude oil coming back after its lowest level in six weeks. but a crude collapse carter, what are the charts telling you? >> well, i don't say collapse, but they would suggest the weakness we have seen is probably not finished. here is a short-term six-months chart of wti we know those lows in august, we surge to 85 in the course of ten weeks. up 24 a barrel then the minor collapse of the last several sessions. we are down 9% next chart this is longer term. keeping an eye on that channel we just deconstructed together, look at the internal trend line in effect over the past year

what we know -- next chart, that wti has failed to the penny three times. this current failure is quite clear. the draw downs are very straightforward. the march sell-off down 15%, july down 19% and this one down 9. will we escape as minor a sell-off as 9% i think more severe. final crew chart, if we were to drop the lower band, we are talking about something that is more akin to the sell-off we saw in july-august down 19 or 20 i think that has to be on the cork board, if you will, for those in this commodity. but not many people are in this

commodity. let's look at, finally, a chart of energy stocks this stock is important. this is the myth of performance and value and so forth a five-year chart. the top is the entire energy sector the bottom is relative performance to the s&p there is no way around this. if you simply look at that line drawn, that vertical line, that is the day the market peaked before covid came, from that day to present, the s&p is up 39% and the s&p 500 energy sector is up 4 it does not pay to be in energy and i don't think one is still going to be paid in energy >> got it. carter with a warning. thank you very much. dan, what do you think

heed this warning? >> i always heed carter's warning because they are based on charts and he says the lines draw themselves and they have. etf, that thing has been quite horrible of late the two sellouts carter just mentioned, from the march high sold off about 27% and right now it's in about a 15% sell-off it is relative short performance. that one looks a little dangerous to me. maybe back to 180 in the near term i am with carter >> karen opportunity or bad omen in the oil patch >> i am not a chart-ist. i look if the economy flows, that's bad for oil, not that --

it's just not how i think about it but all of that having been said i love when carter says to the penny because it underscores how exact he is. i wouldn't bet against carter. i have done that in the past and it hasn't worked out well for me >> coming up, shares of lenair and a bet that the home builder will keep climbing black friday is one week away and companies moving to keep up with it. an inside look on how things are gearing up frank? >> this is the busiest ups facility in the nation drivers leave every day with these packages coming up, we will take you inside where they learn the techniques and tactics to get

your presents delivered on time and generate profits for ups that and more coming up on "fast money.

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[ poor audio ] >> hey, frank? >> ups is adding -- right behind -- poor audio ] >> a 30% increase. also predicts -- at ups boot camp we got a look at training -- [ poor audio ] >> labor and cost -- since most recent earnings were missed friday and increased cost of

getting them while ups is slated to outperform the s&p. average revenues last quarter, ups an increase by 12% fedex by 10% back to you. >> very interesting stuff. over to guy. what do you make of ups going into this very busy time of the year for the shippers? >> as you may or may not know i worked out with the employee of the month when i worked -- [ poor audio ]

[ inaudible ] . >> i hold out hope that fed ex will figure it out [ inaudible ] >> tim, what would you make? >> they have been superior to fedex. i think they are both interesting. i think the holiday season will be different this season than last year or the year before when there was significant problems like fedex over ups, this is a

pretty extreme move. i think at some point -- [ inaudible ] >> karen, how about you? playing into either one of these shippers >> yeah. i am long both long ups and longer fed ex which has been disappointing they talked about wanting to be more profitable, not necessarily deliver more packages. fedex, if they could do both, that would be tremendous because the valuation is cheap i think they are down two or three percent on the year. very disappointing i am still long. i think whether or not it's this quarter or next quarter, they will get their act together. they started and lost their way,

but i'm optimistic >> we talked about it earlier in the show, about how much of an operator it is i imagine she is putting in similar discipline of her new shipper. dan, how about you >> i would expand it and look at what is attracted of ups that fedex is in. what is interesting about the transports is they were not keeping pace with the s&p 500. the market was in a busin-- bit throw back then. you have airlines and then laggarts i suspect if fedex can't do that profitably, ship less but be more profitable, that stock just

filled in the earnings gap and got another leg lower. coming up, laienr, touching an all time high we will break down that trade. we are back right after this i'll shoot you an estimate as soon as i get back to the office. hey, i can help you do that right now. high thryv! thryv? yep. i'm the all-in-one management software built for small business. high thryv! help me with scheduling? sure thing. up top. high thryv! payments? high thryv! promotions? high thryv!

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breaking news. >> the congressional budget office has released the official estimate of how much democrats social package would cost. it found it would add $367 billion to the deficit over the next decade despite them claiming it would be paid for. it would generate $127 billion over the decade while the administration says it would increase revenue by 400 billion. getting this number has been a critical piece of information

for moderates in the house who have been waiting for it before voting the house is planning to vote on the social spending bill sometime later tonight as the cbo finds it would add $367 billion to the deficit over the next decade. >> that's an important detail. thank you for bringing it to us. shares of lennar with a ton of activity. one trader is making a bed it will continue. high, mike >> lennar saw more than 5 times its average daily call volume. it was from a buy who bought 5,000 betting that it would

rise the company reports earnings on the 16th it will capture that event this trade would be worth about 2.5 million or giving a profit of about 1.8 million >> that's a lot. >> coming up next, final trade ♪♪ ♪♪

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>> inside for the final trade. let's go around the horn tim? >> thanks for joining us morgan stanley has had strong third quarter earnings expect more investment banging >> karen >> cvs health. they announced they would be closing 900 stores over three years which is not that many but i think it will look at 100.

>> gold, on the other hand, i think to sell that one i know he likes it crypto down over the last week or so. i think that will probably reverse in the next couple weeks. >> 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 another west coast edition of "mad money," welcome to