sense that it is not going to ahead to heavy restrictions. that the world is kind of living with it and we might burn through this wave and be in a decent spot on the other side. maybe that's too hopeful but that seems to be where the market is heading. >> thank you, and nice to be here as well sarah, that will do it for us on closing bell i'll see you tomorrow on "squawk from the street. >> i'm melissa lee and this is "fast money. tonight on "fast," a secondhand surgery. tom lee is here with his outlook for 2022 why he thinks the biggest games may not come until q3 of next year what the block ceo had to say about the next generation of networking and what it mean for the stock involved and k-web, is it time to jump in or should you continue to tread lightly? we start with a big bounce for

stocks major indiss from yesterday. the s&p up nearly 2% the nasdaq, almost 2.5 energy, technology, consumer stocks leading the game. check out the reopening stocks live nation, others. do these moves suggest the worst is behind us how do you digest this all >> well, if you watched "fast money" last night, we actually alluded to this. as you know i'm wrong constantly we got this wrong collectively we said a number of things on the positive front, the iwm protected critical support as did the xrt, as did the s&p 500. we talked about that prior all time high of 4530. we traded down we bounced all things pointed to a rebound. i will tell you, i didn't think we would have the rebound we had today but here we are and i think it will continue to grind higher into the new year

not because i'm crazy bullish. i've seen this movie before and i've seen this time of year and i thought what was interesting last night jeff mills talked about it the fact that the airlines had a big day. names like expedia had a big day and they've built on it again. i'll say this and stop talking the airlines topped out in april long before anybody heard of a variant. now they're starting to turn now. it makes you wonder what they knew then and what they know now. >> interesting we were commenting yesterday that the message on the market wasn't a cher one in terms of virus organization virus off however you want to put it we did have carnival, lyft, american airlines. we had those go higher we had staples go higher it is almost the sail thing today. we had technology. we had energy. we had industrials, financials, so many things were up that don't necessarily mean risk on risk off for value versus growth >> i was not in that camp. they were saying that it is on we were talking about tom lee.

i know he'll come on in a second he was talking about pinpointing today as the day when it starts. the santa claus rally. a little too granular for me and what i can do with the markets but he nailed it what i was looking at very closely were those mega cap names. and they were underperforming. i was thinking, maybe we see a little more bifurcation. we'll see money work into those reopening trades it became a full on panic buy here in the close of the very highs. so if we were open a couple more hours, we might have been up another 2% to these guys' points, it might be hard to fade this in a low volume period in the next week let's remember, the s&p 500 was still up 20% on the opening today, before we got the big surge. so i don't buy moves like this i think the higher we go in the year end is the harder we fall in january and i think that's the best set-up for equities. >> we had some really interesting and really strong

moves in a diverse set of sectors. and i'm curious what you think could be head fake rallies versus real ones into 2022 >> well, i think the move in the financial, over 2% on the xlf. yesterday you had the trade. actually below the 200 and i talk about this a lot when they trade through down side when was the last time they did that that was in november of last year so even with the struggles with the yield curve have really held above these levels although, weakening trend lines. when you see back to where financials went in november, after they traded below and they consolidated, we had a bit of a growth scare they traded up 50% in the next six months i don't think they have that in them but we've talked now. financials seem to bridge the gap between people that are concerned about high multiples and i think it is very strong fundamentals and could be positioned for a slower growth environment. when you look at, we'll spend a lot of time with semiconductors.

he'll talk about that spot the interday low to the close today, that was a 5% move. again, in less than, i think, nine hours or just under ten trading hours. so the moves for a lot of folks who woke up yesterday morning, saw futures down significantly and said this might be that moment back to santa claus. i think the santa claus rally was the low from october 4th through early december when we went 11.5% up on the s&p 500 that was the move. it isn't to say, guy talks about the last week of the year. a lot of funky stuff goes on, often good i think you have to be careful today is about to me putting to bed at least on the sidelines for now. i don't think the market is concerned about opening or closing. i think these reopening trades are ones to continue to follow >> in what category, jeff, would you put the steepening of the yield curve that we've put in the last 24 hours?

is that for real does it stick or is that a head fake >> you know, i think it is so hard to pull narratives out of what's going on in the market. i think it was hard to pull a narrative out of yesterday, given the leadership it was hard today. i think it was hard to decipher the message between yesterday and today. it's difficult no doubt about it. i'm in the camp where i don't think we can guarantee that the worst is over here i do think headlines are going to get worse relative to case counts i said it yesterday. i don't know that that is the best measure of where we are with the pandemic. that's why i mentioned 4300 as support. i don't know if we get there but i think it is possible the real message is, soon enough, the markets aren't going on care. we'll get desensitized to those headlines once again so you should be buying the dip to go back to what tim was talking about in terms of financials, where might the opportunities be over the next quarter. i think it is sixcyclical

i still prefer the growth rate for the entirety of 2022 look at financials, energy financials as an example less than 20% of financials, that's oversold. so as the cloud of omicron lifts, i think we can get another run in those times of companies. we had nike yesterday. still strong so i'm focusing on that. >> what was that stat, jeff, 50% is, are below their what >> less than 20% of financials are above their 50-day moving average. so you have a lot of weakness there to the point where that sector would be considered oversold by a pretty reasonable degree. statistically significant at this point >> or maybe they're at those levels for a reason, guy what do you think? >> that's like an s.a.t. question that i used to look at and i skipped because i had no idea what people were talking about. jeff brings up a great point

there are certain banks that stick out like a sore thumb. i understand what's been going on with citi when cititrades down to 70% of tangible value, there is something going on and i think what's going on historically has been a huge opportunity for a trade. so i think it is right to point out names that have just language wished and had a chance for next year. >> i'll say this here look at your xrt guy was mentioning it last night. the retailers. look at the sell-off they had. i'll say this on a personal note i just tested positive for omicron. i was meant to go on a plane tomorrow i was meant to take a lot of lyfts and go to restaurants and a whole host of thing over the next ten days. i'm not doing that i saw a headline this morning that q4 growth will be half. i guess the question is maybe some of the stocks, the weakness are reflecting that there will

be a whole heck of a lot of weakness, two quarters in a row. well below where they were expected to be and maybe it doesn't come back in q1 the way people expect it to and i go back to what powell did last week. he lowered expectations for next year and raised inflation expec expectations so that will be a problem for the stock market and i think the fits and starts will room nato >> this is the first i'm hearing about dan's test you look good. you sound as salty as ever so i don't think that you have many symptoms yet. but dan brings up a good point it's not necessarily the lockdown measures that ultimately get put in place, if any. it is the behavioral changes that may be because of a positive test or maybe because of concern about a potential positive test. and we're coming up against a year where things are strong on the consumer front

people are spending money. i'm wondering if that's a worry. that the comparisons won't stack up because of this unexpected pullback in behavior >> well, look. concern for dan, concern for everyone testing positive and it's a time of caution it is not a time of retreat. and i think we had a case where we've been here, we've done that the biggest concerns are the fed. one more time. more fed equals more volatility. that's what i'm concerned about. i think the consumer spending patterns and the penalty-up demand going into this holiday season look at the retailer some of them have taken some hits where you look past that. look at best buy i think the set-up there is very interesting after we got some number that knocked stock down almost 30% over the course of a month and yet i think they have sustainable trends especially across some of their repeatable business. total tech trade i don't think the consumer

changes overnight. i think the market is what we are concerned about. we are concerned about liquidity. markets don't behave well when there is a tightening process. it gets to us next year with the uncertainty but it won't happen overnight. >> all right well, the forecast call for new highs but it may not be smooth sailing and they may not be right away tom is a cnbc contributor. always good to see you ultimately, you're calling for a pretty good year next year 11% or so. but all the gains will be in the back half. what happens on the first half >> i think the market will struggle with a lot of things you guys just talked about in the first half the supply chain glitches and the way it affects both gdp growth and perceptions, inflation, and we've got the mid-term elections that won't have any visibility until the second half. we've got the fed tightening and that lift-off might occur at the

he said of the first half. in front of that, the markets will be nervous. and we, of course, have covid and the various variants and mutations rolling through both the u.s. and the rest of the world. so i think in the first half, it would make essential for markets to be flat or down but the second half, i think we end up having pretty much a traditional market rally >> it's tim. how about the stocks we've talked about this on the show where we've made mention below the surface. a lot of stocks that have been in heavy bear markets. so beyond correction are these stocks that can recover faster in that choppy first half you're talking about? some of the high multiple tech names. even some of the industrial name again, parts of the market that are down 20, 30, 45% off 32-week highs. >> yeah. i mean, i think there will be some relief in january

because you know, omicron came in and just a matter of two weeks, went from 0% of cases to 73%. and as you know in south africa, it burned out after 25 days. so i think we're going to be sort of relieved when that happens. and it should help a lot of stocks that got annihilated over the past couple weeks on the heels of that. will those names bounce and hold their gains through the end of 2022 i don't know my guess would be first half of 2022 will be very defensive. large cap and defensive. >> hey, tom, it's jeff mills i have a quick question. i think inflation trends are lower next year. i wonder what you think about commodity prices and what that means for the energy sector. i know you're pretty positive on energy going into next year. >> energy is one of our top three groups that's because there is a structural shortage of oil

production versus demand but i think a lot of the inflation we're seeing in 2021 is goods-related five of the six categories contribute to inflation growth are things like used cars, autos, apparel, home furnishing. just those five are two percentage points of inflation this year. so i think that sort of weakens. not necessarily commodity prices because they end up being inputs on that. i think oil prices will distinguish themselves and probably rise, actually. >> tom, amazing work as always a couple of these resource names are getting off the mat at a very interesting time in terms of everything we talked about. what does that tell you? i'm not looking to play stock market here. the resource trades to me, talk about this global growth dynamic. does that make sense are these stocks telling us something? >> basic material stocks can only rise when they sniff better

growth i think it is encouraging. i would say one of the surprises in the last couple days has been the rally in things that are heavily, heavily impacted by both economic sensitivity and by covid. maybe the market is already starting to bottom and discounting that omicron will peak soon. if it is, there will be a lot of relief because you know, if you don't have a big rise in mortality, covid is becoming less dangerous that could be one of the positive that's emerge from this >> we know you like energy, as you mentioned, for next year you liked it last year and that was an epic call. energy is a top performing sector, year to date so you're saying this new note, that health care's positioned the same way energy is which would imply huge rally next year what sets up for that? >> we were looking at relative performance. and energy's relative performance argument last year

was that the ten-year stretch into 2021 was one of the worst ever in fact we joked that you have to go back to the whale order days to find a worse time to own energy stocks. so energy equities became orphans but the fundamentals were better and we saw it in 2021 health care has a similar set-up that these groups had a huge derating but earnings growth has been pretty impressive and they are somewhat inflation resistant. so i think there's a potential for the earnings to recover and p.e. to expand and that would look like energy in 2021 and i think faang has the same set-up so faang and health care could be one of those years. >> good to sigh. thanks so much >> thanks. >> tom lee of funstrat do you buy that? >> i would love to see faang or whatever i call them, qqq.

i would love to see it get hit really hard. get back to the oversold level that it had been in over numerous occasions over the course of 2021 go back to q1 of this year remember how poorly it was apple was down 20% from its highs in january to its lows in february and march i would love to see that action. that would be a bit more constructive and then carter had a note out carter braxton from this morning, talking about the xpi he actually sees what tom sees in health care he sees a great technical set-up for a bounce next year so that's what i'm looking at. >> i think it was a relative bottom to the health care sector it is money in 2022 is what carter worth said. guy, you like that you like the set-up for xpi or ibb? >> i do. big cap pharma some of these names have

lan languished bristol-myers getting off the mat. look what they have done from 53 to 61. eli lily will take a look at it. so i think big cap pharma is a place to be next year. coming up, jack dorsey dropping some feisty comments when it comes the web 3. first, the chips are ripping higher it is time to dip in when fast money returns. dripping from the ceiling. you never know when something like this will happen. so let the geico insurance agency help you with homeowners insurance and protect yourself from things like fire, theft, or in this case, water damage. now if i had to guess i'd say somewhere upstairs there's a broken pipe. geico. save even more when you bundle home and car insurance at geico.com.

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with a 2-year price guarantee. give your business the gift of savings today. comcast business. powering possibilities. chips are ripping higher today. jumping more than 3% 3.6. shares of mike ron leaving the space after the earnings report yesterday. the best since april 2020. and jumping higher after being named a top pick by ubs. i mean, after the big 1 run it has had, that would be amazing if it kept going, tim. >> well, you know, the stock pulled back about 16% off those november 18th results which were good but not extraordinary and again, it was around data center, a.i. and even gaming so i think these are where you expect to see continued growth

they do have a lot of competition. we talked about starting to get involved in the meta chip world and the things that have been part of the valuation driver it seems nvidia is the one, those leading edge themati chips and therefore, the multiple, depending on how you want to look at it take an $11 a share earnings out in 25, discount it back and get to you a 40 times multiple i think that's cheating. i think the stock is 55 times earnings and that is very expensive it is probably going higher. >> nvidia has always been and always gone where the market wants to be in terms of the next big trend. crypto, meta verse, gaming where are you in the chip space? there's a big divergence it's been a winning sector overall but you got like the intels of the world. even the microns of the world.

>> i would say generally speaking, i like the chips base because i think next year you want secular growth, profitability. i keep talking about it. i think you get it by and large in chips we've been adding in semiconductor equipment. so looking at a chart like this, it looks really good it is trading sideways for a while. it then broke out, retested that level so i think a stock like that is poised to go higher. and just from a fundamental perspective, i think this theme of decentralization in terms of the semiconductor supply chain, becoming more regionable, more manufacturing plans, more equipment needed i think that's great for a stock like that. and maybe kla, amat has significant share in manufacturing. so maybe less exciting you're not talking about meta verse and ai, but a stock that has traded for the better part

of seven months is ready to make a move >> klac also getting an upgrade from wells fargo i heard about chip if general in terms of feeding into the biggest trend calling chip makers the arms dealers. so if chip makers are the arms dealer, what do you call the others where do you want to be on that chain? >> i don't know. having never been an arms dealer, i don't know what the term would be. i'll tell but amat quickly dan talked about this. stock traded up to 159 pulled back the prior support, 143 and now it is set up for an all time high. so a mat is number one i like saying clack because it sounds cool. and a guy named jim clack who i believe was the center as usual, i digress. if you're looking for a clip stock that is still cheap and has pulled back from a recent all time high. it is qualcomm

and jpmorgan just added an analyst stick. i think it gets 16 times next year's number are still too cheap. >> yeah. i like the foundries we'll cover it all right here. global foundries this went public recently in october and another one. i know tim is all over this one. i think you will see breakouts in taiwan semi and then global foundries. i think a $43 million market ca. >> we're just getting started on "fast money. >> dorsey drama. once again, jack is stirring the pot. former twitter ceo dismissing web 3 and starting an uproar on social his comments, next and later, one of the newest members of the s&p 500 fact set out with earnings this morning and the ceo joins us live to break down the results you'reatin wchg "fast money.

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welcome back to "fast money. jack dorsey causing a stir on twitter today taking aim at web3 the former twitter ceo tweeting, you don't own web 3. the vcs and their lps do it will never escape their incentives notably from a 16 z had a said i am a huge fan of jack and hope we can bring him around to eth and other blockchains. let's bring in the technology analyst, brent, good to have you with us. what do you make of the

criticism? >> i think jack is right the hype around web3 is so huge in our industry. the meta verse is coming up in every transcript of every tech company we cover so i side with jack that i think the hype is probably a little ahead of the time. again, this will take three to five years to play out to back what the vcs are saying, twitter hasn't exactly been super innovative when you look at the innovation going on in snap and acebook, for example, cybill innovation and twitter really hasn't seen it and it led to a change in the senior management team so i think ultimately, this is a three to five-year turn, we're at the beginning of it there will be some cool companies that come out of the private world but i think the i'm is a little bit ahead. and there are some great public stories to own right now that can bridge the gap between where we're at on the internet today to the next generation, wherever we end up. we have a handful of names we

lying at the firm. >> and you're part of a team that covers the opportunities and the meta verse i was wondering in the team's estimation, there is meta verse fluff or have investors been smart enough to know this is an opportunity to know this is way out and maybe shouldn't be priced in yet, or do you think it should be priced in now >> i don't think there is a lot of fluff in current names right now. so take adobe snap, facebook nv nvidia over time i think there should be if you look at a name like adobe, when steve jobs was alive, it was adobe flash. everyone thought it was dead at $30 and the stock has had a tremendous run they created this version of the internet we think adobe will be part of creating the next generation of whatever the internet looks like in three to five years so we don't believe it is

overvalue. it has had a recent hair cut we would be buying on this pullback >> hey, brent, first things first. are not we confusing a couple things so chris is not talking about the meta force he is talk about monetizing the data, right? in a decentralized sort of fashion using he can toins and different incentive structures so i don't think this has to do with the meta verse and adobe. i think it is interesting coming from a guy who obviously found ad very centralized social media company and now runs, obviously, founding square, block, whatever it is called, very centralized for a payment sort of thing. aren't we confusing a couple different things here? >> well, i think there are a lot of definitions of what this will look like. web, internet, meta verse will look like. a lot of these come under existing, they'll be part of

that fabric of creating the next generation i don't think we go completely decentralized. if you look at the internet. shoe taking on facebook at google, amazon, not that many. a handful of stories and the rest have not mattered so ultimately, i don't believe again, there will be a current generation that comes, that will control this many of these names in existing industry will control. and yeah, there will be some great success stories that come out of this. i don't believe again there will be as many as they're touting. >> again, just getting into the theory here. i think it is important for investors and folks watching the show to understand what the differences are. and one of the criticisms is this is just 2.0 with a different label. i'll go at it from the monetization side. do you think in a world that we are more decentralized, at least, theoretically, that is a place that actually may be more consumer advantageous.

are the same players, again, i know you talked about companies that may be part of that next wave i worry that the monetization of 3.0 is a totally different space, in that inherent in is less monetization. and that's good for consumer >> again, when you look at, again, snap is a place we went to visit and ultimately, i think it is a place we'll transact and exchange goods clothing, ralph lauren, pay them in a direct consumer relationship today it is largely a communication platform for the younger audience to use. i think that shifts. so i think a lot of these platforms we cover are morphing and adapting tom is there suddenly going to be 30 company born out of this that will be incredible they'll be great stories a lot of existing stories are going to be part of this so i'm taking again, the view of a lot of the existing stories

will stay with us and capture this generation from what we can see so far >> with the snap example, it sounds like you think a lot, or at least the notion we have of web 3 right now and what the meta verse could shape up to be is a convergence of what these companies will offer if snap will be a place where you exchange goods, and nike is going to the meta verse to trade goods as well. that seems like it is transactional. the meta verse will be transactional. whether it be for services like gambling or goods like nfts. >> yeah. i think that's right there are multiple angles. there's software, semis, peanuts, numerous ways to thrown transition whatever your definition is. and there are so many definitions of what this will look like. we think there will be winners out of each of these categories. so we're trying to identify across our tech team, across each of the sectors. who will win

nv nvidia, unity which creates the software to build. there will be a whole host of financial and providers including shoppify with two clicks you can buy anything you want to buy so yeah, there will be some interesting technology to come out of these in the private world. but many are already servicing, and again, i go back to the same example of adobe as we shifted from the old internet to the new internet they were part of that whatever your definition is. i think a lot of the companies will be along and be part of it. >> great to have you thank you. i don't think we as a group, i certainly haven't thought of adobe as a potential web 3 play, guy. i don't know how you think about it or if do you at all

>> i'm still trying to think of web without the number on the back just web i mean you should ask dan this question you want to ask me who was on the gag line, the french connection, the buffalo sabres in the 70s, i'll talk all day. but nft and meta verse, web 3, that's outside of my scope >> all right jeff, i'll go to you you have members of your household on roadblock so you have a good grip on meta verse at this point. how do you think about it as an investable opportunity today >> yeah. i do i've seen what's going on. i've actually bought it for my daughter's brokerage account definitely getting involved there. i think for the average investor, there are ways to bet on web 3 and the meta verse without betting the farm on some sort of obscure token. so think about a name like e.a i mentioned it friday. content creation and i think it is set up pretty good.

>> how should you play these names? details straight ahead plus, a black and blue for black rock betting on a big move lower here 'ldig into it straight ahead. much more "fast money" for you gold. your strategic advantage. firefighter maggie gronewald knows how to handle dry weather... ...and dry, cracked skin. new gold bond advanced healing ointment. restore healthy skin, with no sticky feeling. gold bond. champion your skin.

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welcome back china tech stocks bouncing back in a big way climbing more than the broader market, although all still well off the 52-week highs. and take a look at the best day since october. you're watching a key level. >> yeah. i'm less excited about it than you might think initially. $40. it was a ceiling for about three years and then it was really strong support after that 40% drawdown at the end of 2018. so back to those levels. you might expect to it bounce. but it is about ten p.e. turns than it was at that 2018 low and genuinely speaking, you need a rerating and their multiples are rerated. so i would be more focused on the stocks that have discounted some of the additional risk. if you look at the k-web in general, it is down so much and it should bounce off that level.

i think the valuation might be a little high. >> we've been covering on this show are the levels worth it at this point? if interest rates are rising, you don't want to be at e.m. >> no. and e.m. has taken a pretty hefty hit off the component that is the china waiting it is down about 17% over the last six months and a downward channel. it looks really clearly defined right now. if you think about the waiting, ten congressmen and alibaba, pushing that entire index down so the valuation is cheaper, great. but it not about valuation which i thought it was interesting that they traded it's not about the number. it is about big brother. j.d. has proven not to be a threat to the government and therefore it has outperformed. >> guy, are there some tradeable stocks in here >> alibaba you look at that 111 a couple weeks ago. till has said this

you go get back to 137 in the name and still be in a down trend from october of last year. so i think alibaba is worth a trade. especially in year end >> coming up on fire this year. the stock was just added to the s&p yesterday. the ceo will join us exclusively straight ahead ttg aius, option traileders are beinagnst black rock we'll break it down when "fast money" returns gold. your strategic advantage.

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and help unlock the creator in all of us. the more you know. welcome back stocks closing out in the green after reported erpgs the stock just joined the s&p 500 yesterday is now up more than 42% this year joining us now in a cnbc exclusive, hi, phil, good to have you with us >> thanks for having me on >> by all accounts, it looked like a very strong quarter you beat on revenue. the question is what we mentioned in the introduction. the run in the stock you currently trade at a premium. to a lot of your peers, while did you beat for your fiscal first quarter, you didn't raise guidance for the year. you stuck by your guidance what do you see next year in terms of catalyst that make you deserve the multiple you have right now?

>> well, we're very pleased with our performance. we set out on an investment plan to really accelerate our own digital transformation and new content. we're beginning to see the results of those investments we have the visibility going out six months typically qush 4 is a big quarter for us we're an august company. we fell it was good to be a bit conservative and wait to see how things play out. particularly with some of the top things we've seen in the market >> hey, phil, thanks for joining us when i think about that business i think about the guidance that you just made. you made some moves. you're making a push into wealth management you bought cobalt systems to really expand in the market. how do those new businesses transfer in going forward? >> yeah. the wealth market is really exciting for us. it is relatively new we've had some very visible wins large wealth funds and a lot of,

we've hit a lot of good singles and doubles. so the growth you see in our user is a result of that so it could be scaled up technology we've been able to reap a lot more users and we see it as becoming a lot more sophisticated. which i think is a good market for what traditionally has been more of an institutional product. and then you mentioned private markets. it's always done very well with public markets like a lot of funds, we see a huge opportunity to invest in private markets and apply all of the expertise we have in managing >> melissa mentioned the multiple i understand that. a lot of competitors make acquisitions you've made some tactical ones you're talking about 9% organic growth, which is pretty remarkable can you speak tom? >> yeah. that's been the beauty of our business we've grown organically.

we've been able to keep one consistent platform for the last 42 years we believe in reenvesting in data and technology and continuing to provide fantastic software so we're very proud of what we've been able to do organically. that doesn't mean we are not able to do larger acquisitions there's a lot of benefit to having one integrated platform, particularly moving forward. >> hey, phil, jeff mills a lot of professional investors use the platform are there any trends that you're seeing in terms of what they're asking for major trends from individual investors, things of that nature >> yes esg is in almost every conversation with institutional investors. so we've made an acquisition about a year ago into value land we're going to continue to bull

out the coverage of that asset we think that esg will be part of everyone's investment process for a long time to come. >> thank you very much we use factset here at cnbc. i rely on it good to see you. >> good to see you thank you. >> do you like this one? >> do i. look i love the execution i would point out just that the stock has had a huge run it is up 30% in the last six months or so the multiple trades, three times turned to other info software companies, et cetera what phil pointed out, the commentary, they're not afraid to invest in new business. some of those dynamics are paying off company trades at a premium. accelerating revenue and top line i think the multiple is rich

that's what the company executed >> worth it, jeff, in your view? >> listen. i think it has a wide moat you need your work station i need mine. you build out all these things it is hard to make a change. great business, expensive stock. it has been said for me it would be more of a hole than jumping in and buying. >> what are your thoughts? >> yeah. i think when you think about the expansion into these other areas. welt management, private markets. there are probably amazing opportunities to think about retail, crypto, i'll sure they have to be on the tip of their tongue as they think about widening out from wealth management and the likes i'm not a buyer of stocks at high multitudes like this. it just got added to the s&p coming up, the black rock blues. option traders are betting

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mad money. don't forget, you can have it delivered right to your inbox. meantime, check out shares of investing giant black rock one options trader betting it could turn sour. betting on a big drop in the new year mike >> yeah. so take a look at blackrock. it traded more than 24 times its put volume and that was the result of a large put spread the week of january 28th the 740/720 put spread it was spreading about $ .65 i don't know that they're necessarily administration huge bearish, but on blackrock, per se, this is a great proxy generally. and choosing the 28th is an interesting time frame right after expiration why is that? we have the january fomc meeting taking place on the 25th and 26th this would signal to me a similar bet to a 15% down side

bet on the s&p >> that's interesting. guy? what do you make of blackrock? >> january 14, i think they're due to report earnings about 21 times next year, the stock is sort of lower left, upper right. 12, 13% eps growth this is an interesting play. you wonder if it is a bearish bet on the market. i love when they drop this stuff. that's why i tune in every friday evening at 5:30 p.m >> either that or you have your vcr taping the machine >> well, yeah, that. >> maike, thank you next friday, we're off this friday for the christmas eve holiday. next friy, udap next, your final trades

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>> announcer: final trade is sponsored by -- time for the final trade let's go around the horn

tim. >> so back to semiconductors, the conversation that introduced ta taiwan semi, one most important, they have pricing power and leading-edge technology this stock is underappreciated for the pricing power they have. >> jack, the general >> back to the web three discussion, electronic arts, talking about it a few days, up yesterday, up today, the opposite of that though. there's a momentum shift in the stock after hitting off 120. room higher. >> finger in the jar tonight >> no, had to throw that out should have used a spoon cheg chegg, starting to kick the tires, expect it to be back at peak earnings, almost cheap to me, maybe so bad it's good

>> guy. >> if you had one you wanted wide and shallow or short and deep just curious >> wide and deep >> yeah. well, that's the prototypical most amex >> thanks for watching, "mad money" starts right now. my mission is simple there's always a bull market somewhere. 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 teach you call me at 1-800-743-cnbc.