i would point out the s&p closed today exactly where it did november 5th, strong jobs report sideways for almost two months sometimes that creates kind of a base there we'll see how that goes. and i will not be here with you. have a great day tomorrow and i'll catch up with you again next week. and thanks for watching. that does it for "closing bell" today. "fast money" begins right now. tonight on "fast money," the big chill, we're going off the charts one top technician is laying out the three best looking stocks to play heading into the new year we'll bring you those names straight ahead plus, a moderna meltdown the vaccinemaker getting whacked today, but we spotted something in the market that could point to a big turn around trade and later on, a crypto coincidence? the one chart that shows bitcoin could hold the keys to where the market is heading. that's coming up next. we'll explain. welcome, everyone, to the big show

i'm dominic chu in for melissa lee. you're seeing them right there, guy adami, tim seymour, steve grasso and brian kelly that is your crew tonight. and we start with the mad dash for holiday travel the airline stocks flying higher with one full day left before christmas eve. and people are starting to flk to the airports and taking to the is skies nationwide to get home in time for christmas the transportation safety administration screening 1.9 million airline passengers yesterday, that's roughly, by the way, in line with prepandemic levels for this time period the holiday surge is coming even as the omicron cases skyrocket here in the u.s. but before you wait in the long lines at the airport, many are waiting in long lines at covid testing centers all across the country. so how is this latest covid spike impacting the travel trade overall? for that, we turn to seema mody who kicks us off tonight with the travel outlook

>> the spread of omicron has more americans canceling international trips and booking travel closer to home. i spoke to the ceo of kayak, steve halfner, he said searches for international trips are down 33%. and the shift to domestic is more pronounced in the last few days he said people are canceling going abroad to travel locally in warm weather locations like florida and arizona. travel agents sharing that testing is very high on travelers priority list. so finding the hotels that provide on site testing or locations where it is easy to get a covid test to ensure you're not spreading it to family or friends. if travelers are staying domestic, analysts say names like expedia and airbnb will benefit. you see expedia outperforming this week. cruise lines, despite news of passengers testing positive on board some of the ships, cruises stocks are up big this week after carnival's business update where the ceo said he's only

seeing a small spike in cancellations due to omicron and that bookings for the second half of 2022 look strong the company did push back, though, when it will turn a profit due to the ongoing uncertainty around the variant dom? >> all right, seema mody with the latest on the travel outlook. let's dive into the big travel trade, overall steve grasso, maybe we'll begin with you, as we take a look at what's happening, we are seeing, yes, people want to travel for the holidays, will they do so, do you have travel plans, and do you think the rest of america shares your sentiment? >> i don't have travel plans, but it is not as if i have them and canceled them. i just like to stay home for the holidays and be around family. but i do think i agree with that, if people had international, they now switched it to domestic they had domestic, they switched it to driving some place so i do think if you look at the airline stocks, the hotel

stocks, the last three months, dom, tell the story. you had airline stocks that have been beaten up aggressively and then if you look at last three months, that's how you should gauge whether you want to buy a hotel name like a marriott, or a vac like a vacation club marriott which is more of the time share model when i look at this, i think people's minds have changed. substantively about how they're going to vacation. they don't want to be in a room in a mass hotel anymore. they want to be in more of like the vac hotel vacation club hotel, and if you look at as seema said around the cruise lines, if you're looking to really get that bounceback, the cruise lines have bounceback pretty impressively. but they're still not back to the 50% retracement for the last three months so for me, if you look for a real catch-up trade, it is that. i own personally you, clear

secure that has not bounced that looks like we're never going to get back to travel again. so if all of these other areas of bounce, then you is due for one as well. >> that's an interesting point the idea that some trades have outpaced others in this. brian, i was looking at you, and you were kind of nodding a agreement a little bit with what steve just said. do you feel as though there is still fuel in the tank for certain parts of the travel and leisure trade to come back, and if so, which are the ones you're trying to play just the airlines and hotels or live events like live nation where do you go? >> yeah, there is a lot of different ways to play i agree with steve, this pandemic, i'm not worried about travel stocks getting hit by the pandemic anymore the pandemic will be over when people stop caring and look no closer, no farther than the cruise line, look at bookings, people don't care. people are getting infected, but still going on vacation.

i think if -- if i think about pandemic, that's not part of the analysis anymore with the airlines especially since omicron is so contagious, ripping through the population so fast we are likely to have herd immunity relatively soon so that part is over the only thing that would really hurt the travel industry is some kind of a recession that came along and that would likely hurt business travel. but if you look at the way the airlines are trading, they're not telling you that at all. they bottomed, they're very strong i would stick to domestic. we don't know what internationally people are going to do i think less international travel but you look at something like a jetblue which gets some feed from international, that chart looks great. i would say jetblue, delta, any of those, you're going to be all right. >> isn't that the key, guy isn't that the key that the idea that there is covid fatigue. i'm fatigued i don't want to think about it anymore. i've been trying to get out and travel some and i have traveled even internationally and this idea that maybe we are

just due to get back to normal, we really want to go and do that but i wonder how much of that is already priced in. this has been a massive run already since the march, april lows of last year. >> in terms of the airlines, you know, we talked about this, we talked about it a lot, actually, the airlines topped out in terms of stocks, when the news on the vaccines was at its best, back in the spring, go back and look, now when it is back at its worse, these stocks are turning to the upside. i think it is bullish for airlines and i think you can play the downstream place airbnb to me is cheap here that sounds crazy. but i think airbnb has a lot of room to the upside we mentioned expedia, quite a few times. look at the week that stock has had and that's poised to take out the recent all time high of 192. i don't know what the future holds, nobody does but i'll tell you, the airlines did back in the spring and i think they do now as well.

>> tim seymour, is there a real paradigm shift in kind of what steve was referring to have certain habits for us changed? am i going to be look towards airbnbs for my accommodations more than i have in the past am i going to look to vacation club rentals, using sites like v vrbo more than hotels? >> i'm never been on a cruise, i don't see that happening ever. i think there is some dynamics in terms of how we're vacationing. i don't think that the changes are going to be as profound as that i think sites like vrbo and airbnb are a secular anti-technology trend and some of these are enhanced and supported by the expedia and the bookings expedia up 20% since friday. i think what is happening is -- and even royal rcl or carnival cruise where you get data points, we know by 23 ebitda

will be 15% north. at least this is the guide from carnival of where it was on 2019 you're seeing this second half bookings you're seeing the 23 bookings. it is not so much around the holiday season, i think the airlines are also a slightly different story. the interesting thing for investors is that the fundamentals or the bottom up is starting to also have an impact in how you assess some of these subsectors within travel and leisure. with airlines, delta had an investor day last week, they guided that they are cutting capacity and they may see higher costs, but they truly are targeting higher yields. so you have a better sense of where the companies are coming out of all this, we have a better idea of where liquidity is the one place i believe is most interesting are the casinos and i talked about las vegas sands, which has been a sideways trade since i identified the opportunity, i think travel mobility is back i think there is a case where a company is involved in technology, they have assets

throughout southeast asia, not just hong kong, not just china exposure you have to look at liquidity there as well. casinos would be where i throw my hat in the ring on the reopening trade that i don't think is run a 10% run in airlines is a trade you want to stay in and i think we'll push through there >> tim seymour, it is like you read my mind the one thing we haven't talked about that much during this roundtable that we just had is the casino side of things and i would argue even the restaurant side of things like a darden or a brinker international or something like that. let's -- i want to get to one last point here. and one that also hasn't been brought up and that's the ride share side of things we're talking uber and lyft. guy, i have actually taken ubers and lyfts a handful of times over the course of last few months here. it seems kind of normal. i'm still back in a mask but i talk to the drivers i'm with and they seem to think there is no other drivers out there. they're busy as heck because

they don't think there is as many colleagues out there driving. is there a cap to the business that uber and lyft could see for taking passengers around, not food, passengers >> i don't know if there is a cap. i'll one up you, by the way. i worked at lyft to throw that out there. >> i remember that >> of course you do. i was hoping to get you as a passenger, i was thwarted in my efforts. he actually -- we asked him, we said, you just came off a ridiculously strong quarter, all the metrics were great, are you surprised how poorly your stock has traded not thinking he would give us an answer he did he said absolutely yes the stock was 37 i think lyft has a lot of upside here i think ubs put a $75 price target-ish i think it is getting to the mid-50s. i don't know in terms of caps for the drivers, but in terms for the stock, a lot of runway to the upside. >> looking at ride share for sure, travel outlooks we have been talking about are certainly going to be impacted despite the

omicron risks. now, our next guest calls the holiday travel season very strong helene becker follows the airline stocks for cowan we bring her on oftentimes to tell us about the state of the travel business. thank you for joining us this afternoon. it is great to have you on as always you heard the conversation happening around some of the airlines the last time we spoke, you were trying to tell me more about the international travel demand as you see it has that outlook changed >> well, first, thanks for having me and happy holidays to everybody. in our view, not really. the winter months are generally not a point in time when u.s. citizens travel to europe. so we think that international will pick up in the summer months so think kind of around spring break, april-ish, through the end of august. and we still think that it is going to be very strong. we think this will be one of the best summers ever.

you'll have two years worth of demand and you'll have not the -- you won't have the capacity, that will not be back. >> you know, the one interesting point in our last conversation, a number of weeks ago, was this notion that you found certain carriers were going to be better positioned to take advantage of that -- at least near term travel trend over the next three to six months. it was specifically not the majors, right? wasn't necessarily some of those names we talk about often like american or american or united or alaska or any of those other ones are there other carriers you feel as though would be better positioned for that domestic travel boom that you think might be coming? >> yes, so, we like allegiant, a small cap or maybe midcap stock. they have about 80% of their roots are monopoly roots they have very limited competition. and that's -- they're based in las vegas. they have big operations in

south florida as well as las vegas and elsewhere in the u.s so we like them. i think that's a good stock. frontier, they call themselves the greenest airline in america. they also have good exposure and they have good exposure to mexico and the caribbean and i think you guys have talked a lot about mexico welcoming lots of people and it is pretty easy to travel back and forth between mexico and the u.s you have to test to come back. but they're exposed in that market as well those are two airlines they like and then united is our top pick for 2022 and that's a combination of domestic and international they're not the largest u.s. domestic airline, that would go to american, but they're really well positioned for leisure travel, demand, on the north atlantic for this summer >> so basically i don't want to put words in your mouth, but we should look at domestic now and then transition into the

international plays in the next couple of months and then the second part is are you looking at balance sheets? is delta and southwest, are those your keys? >> yes okay so to the first part of your question, yes. i had thought that we would be transitioning into the international airlines obviously the omicron variant is probably -- maybe not so obvious, but it will push travel demand internationally maybe back two months. to your point, domestically and now talking about transitioning to international in february or march, and then the other part of your question, balance sheets, we look at them and delta and southwest still have balance sheets those are the two best alaska air and jetblue have very strong balance sheets as well, given the level of borrowing and

alaska air did not have to delete shareholders. they didn't have to raise capital on the equity side we like alaska air as well they have expo sure to hawaii and mexico and coast rica. and then you get united with a pretty heavy debt load as well americans a balance sheet isn't as bad, maybe as it was a year ago, because they paid down a lot of debt and don't have any big maturities until 2023. they're not in a bad position. >> all right, the top pick from helene thank you very much. always good to get your thoughts have a great day and great holiday as well. >> thanks, you too bye, everybody. let's trade around this. maybe tim seymour. we spoke with a number of airline trends in the initial conversation did she shed any light on some of those points you would be

looking at with regard to whether or not certain airlines would fare better than others? >> well, on balance sheet, we talked about this on "fast money," the enterprise value of some of the companies like american have changed. those that raised debt, it means that the ebitda multiples can be deceiving or tell a slightly different story versus the company of prepandemic if you think about where airlines were rerating massively, from 2015 through 2012 2018 before we thought about pandemic, it was about efficiency and yields. these are companies that have all gone through bankruptcy, that's when the industry has gotten destroyed helene is one of best in her field. i'm not pushing back on united i think we need to look at the subtleties of airlines and efficiencies on yields one more time delta, to me, has the premium franchise right now. they generate the premium yields and i think that's what matters most now when investing in airlines i think the trade and airlines

are trading stocks is very much to the upside and i think you can trade this. >> it is interesting, because if you look at the market caps of delta airlines and southwest, you can tell that investors are paying up for the fortress balance sheets they're the two most valuable airline stocks in america. used to be american and united do you feel as though we're only talking about the same three or four airlines for investment opportunities? should we be looking for other airlines, say, like, alaska or some of those other ones out there that maybe aren't getting attention like allegiant >> that's the one i was thinking about. allegiant is levered toward las vegas and the casino you have travelersalready read to -- already willing to risk themselves they're already risk takers. i like allegiant here. >> brian kelly, thank you very

much coming up on the show, new year, new gains, top technician joins us with his stock picks for 2022 we have those trades ahead but, first, a bitcoin crystal ball our brian kelly, you just heard him, he's spotting a trend in the market overall what exactly is he watching? stick around to find out we have much more "fast ne eaonhi after this break. what if the next big thing was nothing at all? fivver freelancers turn nothing into something everyday, in over 500 categories. designing, writing, coding, creating.

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give your business the gift of savings today. comcast business. powering possibilities. welcome back to "fast money. if you're trying to predict the future, brian kelly is peering into his crystal ball and watching one possibly leading indicator. beaks. what are you following what are you seeing? >> yeah, the predictions are hard, especially when they're about the uture. so let me take a stab at it, though my world, i look at every day, is bitcoin and cryptocurrencies. when i look at that, as bitcoin gets more institutionalized, it is starting to get more correlated with the traditional markets. look at -- this is bitcoin versus the nasdaq. 30-day rolling correlation of bitcoin and the nasdaq, index is 47%. that's the highest correlation we have seen since september when the nasdaq and bitcoin bottomed you look at these, they're trading in lockstep.

let's take a look at the chart here we have bitcoin versus the nasdaq, you can see they trade in lockstep except for notice, bitcoin tends to lead the nasdaq usually about five to ten days or so, bitcoin trading tends to lead what do we have over the weekend. we have bitcoin breakout from a relatively short-term rate i'm looking at this and saying, okay, you know, as more institutions come in, they're using that as a pro cyclical risk on inflation hedge. if that's the same thing the nasdaq is getting and bitcoin is ticking up, it is reasonable to assume as long as this correlation holds, maybe the nasdaq bottomed here and we're going to get a bottom in bitcoin and the nasdaq and they may tried higher together. >> interesting point as we look at the charts. tim seymour, i wonder, you've spoken in the past about this. you've noticed this kind of similar trend here over the course of the last several months we have referred to bitcoin as both the safe haven trade and risk asset as well what is the predominant theme or

driving force behind the cryptocurrency trade now is it the safe haven or that kind of risk on as bk puts it, trade that you put on because you think things are going to go higher across the board? >> well, it is a safe haven within its own asset class, clearly. and yet it is a proxy play for risk and liquidity on some level. and why i agree with bk, if you look at the charts look at the september pullback in the triple qs, a case where i make the argument that bitcoin led that i think that in general we are assessing some of bitcoin's moves over the last couple of years is not just the secular trend that continues, that bk talked about and was on very early. i think it is also a function of federal reserve and central bank liquidity and fear of that and fear of the currencies i think the dynamic in terms of the technical side of this trade is also that a ton of money has been made in crypto land and made by holders of bitcoin and at times when we see more volatility and in a broader risk off, you know, there is an

argument that also investors in bitcoin have been using the top five or six megacap tech stocks as their money markets, treasury stock. a place to part capital, a place to go and be more defensive. when running, we have seen them hit those group of stocks. >> the conversation has turned all kinds of ways towards crypto but to tim's point if there are folks out there who are traditional equity investors looking at crypto and then crypto investors looking towards things like the nasdaq as a money market fund, is this a market that we can actually trust or is fundamentally oriented in any way, shape or form >> yeah. first of all, let me start off with i agree with bk's analysis. i like the fact that it is risk on and safe haven.

so that's -- that's something that you want in one of your holdings but, dom, i make it really easy. next year, are we going to see more bitcoin purchases or less the answer is more more acceptance by institutions to get into bitcoin and alt currencys? i think it is going to be more without question that means to me that whether you want to pick safe haven or risk asset, it means higher prices in bitcoin and ultimately if bk is right, which i think he is, maybe we have seen the bottom in the nasdaq as well >> all right, we're just getting started here on "fast money. here's what's coming up next on the show. >> step into the metaverse steph curry is the latest celebrity athlete to launch an nft sneaker line those details ahead. plus your 2022 playbook. stock picks for next year. we're going off the charts you're watching "fast money," we're back right after this.

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welcome back to "fast money. count them, just six trading days left in 2021 and, boy, what a year it has been for the market the s&p is up roughly 25%. and with 2022 fast approaching, our next guest says well, he's got three names that he says will ring in the new year with some gains and a bang. it is time to go off the charts with chris barrone i'm curious, what are you watching >> well, great to see you. merry christmas. a couple of things i want to talk about today, first, we'll start with the broader setup here we're in this pretty sharp rally over the last several days for

the s&p. put this in context of sentiment. if you look at some of the retail sentiment surveys, i'm showing you the aaii retail survey here. people are nervous people got uncomfortable i think this is a sentiment driven rally, fed or inflation or virus, you saw one of the highest bearish ratings in this survey up over the last several weeks. you tend to rally out of that condition. if we go to the next chart, the big question i have for 22 before we get to some of the picks is what is the credit environment look like in 22? for the last 20 months, this market has been characterized by very, very benign credit high yield cvs spreads peaked at 340 basis points in early september. i don't want to see spreads widen beyond that next year. that will be a trigger for us, we'll watch that in terms of names that i like into next year, we'll start in the basic materials space. we like alcoa. our suspicion here is that the dollar is starting to top and i think some of these basic material bellwethers are really

in a good spot to resume as leadership you had 25% correction in alcoa this fall. it has responded emphatically from that. that's how stocks respond. we like that, we think it goes on and continues to offer leadership next year second, we want to talk about one of the great big bases in this market and that's cisco very strong recently but when you take a step back and look at the 20-year chart or the 30-year chart of cisco, you have just broken out of a 20-year range. the old highs on cisco are near 8 0, that's from 2000. we think that's where that one is going and sticking with the theme of really big bases, names that have been largely dead money for a decade or two, pfizer comes to mind it has momentum recently the stock was up recently. i would look to buy any weakness here this is another name coming out of a 20-year range i find it curious as pfizer works, moderna actually seems to be topping here. the market might be sending us a

message there. on the other side, we have three longs and i want to finish with a name that makes us uncomfortable, one of the largest names in the market, amazon i'm struck by the fact that we have been in this 18, 20, 21 month environment where consumer discretionary has been so strong and amazon hasn't made anyone any money. there is 59 analysts that cover the stock, all 59 of them have a buy on it. it is a consensus long bet that isn't working. that troubles us here. we'll look to the longs, materials like ail cou alcoa, be skeptical of amazon. >> chris, pretty unbelievable call on amazon i'll just push back. i happen to agree, but the pushback is we saw sideways action like that back in 2018, all the way to late 2019 before the stock took the next leg higher some would suggest we have a similar pattern now, we're going sideways before the next breakout is that a possibility? i know you've taken that into

consideration. >> of course we have i want to offer a distinction. what is really important here, in 2018, when amazon was moving sideways, it was actually outperforming within investzeg discretionary. it peaked two years before covid. the sector was weakening amazon, by a function of going sideways was leadership. that's not the case here our concern is on a relative side for amazon. 18, 19, 20 months here in this fantastic consumer environment, and amazon hasn't worked that troubles us because it is a relative underperformer. made new price loads this week not a great setup. >> all right thanks, very much, chris verrone. alcoa and pfizer and cisco systems. let's trade around this. let's turn to you, first of all, bk, brian kelly, any of those

compelling for you these are old world names we don't talk about often, but we should they're megacap companies. >> right, right. no, absolutely cisco is the one i like the most not only is it breaking out, but has a great dividend you think about what chris said there, if the dollar is topping that, that implies rates have gone as high as they're going to go maybe a little bit higher. but that also means the economy might be slowing, right? and slowing economy, if rates are going down, i want something that will pay me a nice dividend here and that the dividend is that risk now i got a breakout, with a slowing economy, and add in maybe some stimulus coming on in the rest of the year i like that. i think the amazon call is really interesting you think about it, is amazon ever going to have a period like they had, where everybody is locked at home, you have to use amazon, and all your competitors are shut down? i don't think it gets any better than that for amazon i would be taking profits in that >> steve grasso, i'll turn to you here, the amazon call

getting some attention here. i'm wondering about cisco. i remember the days of cisco in '99, 2000. is that one of those stocks like intel is next, cisco and intel do they claim dotcom era highs >> it is the same type of thing. i look at alcoa, you're butting up against long-term resistance. 2018 resistance to be specific when you look at pfizer, long that name forever and that one is just a rocket ship. i can't say buy that now cisco for me would be the only one that i look at a chart and say, you know what, i can buy into that chart now. even though it is up 37% year to date, it just broke out. which means that there will be some follow through. that would be my safest bet. >> all right coming up on the show, folks, we're going shopping, steph curry selling sneakers for what you wear and in the metaverse.

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welcome back to "fast money. the metaverse became mainstream in 2021, with celebrities, athletes and companies all trying to mark their turf in the digital realm. but there is still work to be done before the virtual world is ready for real world users so what lies ahead in 2022 julia boorstin has that for us, virtually and physically >> i'm here, dom, as real as this is. some key technology advancements are expected to come next year and that could really help make the metaverse a reality. first, there is some new augmented reality, virtual reality headsets expected including from two companies we talk a lot about here on "fast money. meta and apple meta is working on a higher end device this new device, code named

project cambria, layers virtual reality on to the real world apple is widely expected to introduce an arvr headset around the end of next year the second key thing to watch here is interoperability once people can bring their avatars and virtual goods from one platform into another, that should make all of those virtual investments more valuable. another key thing to watch is augmented reality that doesn't need special hardware. imagine ar showing up on your photocopy. now, check out this technology this green screen room can capture someone with 30 cameras. this is volume metric video to create what looks look a hologram that pops up on your phone. it looks like it is in the room with you that's how i spoke to the ceo of this hologram startup which is behind this technology you're looking at right now so that kind of hologram technology, it was really specifically designed for beaming live concerts and other live performances into your

house. so you can imagine maybe some day watching a netflix stand-up and you would be able to see the comedian standing in your living room rather than on your tv set. >> i grew up watching the jetsons and everything that was a conceptual back then is kind of real life right now except for the flying cars, though, julia, i think those are coming soon thank you very much, julia we'll see you in this world and the meta world as well guy adami, i'll turn to you for this one here. do you look at platform companies like meta or is it about the computer networking companies like cisco or sienna or other brands trying to make virtual goods? who is the best bet here >> i'm glad you asked. if you listen to mark ma haney, he said that coin base will be the bank of the metaverse. i'll tell you, the stock went

from 225 to 370. i think coin base at these levels is worth a look listen, the metaverse is not going to be for a few years clearly. but the action in coin base moved back down to the recent low suggests coin base is absolutely worthy of a trade, with the added kicker of the metaverse. >> bk, what do you think what is the best way to play it? >> well, for me, the metaverse is a crypto trade. what are all the things built on they're built on crypto platforms. you look at an ethereum or solana, those are probably the two leading ones right now that are going to build this digital world. secondly, julia mentioned interoperability that's going to be key i look to the crypto world that's cosmos adams, they offer interoperability among platforms. if you want that growth area, that's the place i would look. that kind of ties in with guys coin base and that coin base is

the beneficiary of that crypto volume. >> tim seymour, brands we have one big one and a brand ambassador that we all know, steph curry, under armour, everything else going on there, are they really selling virtual sneakers they are, for 300 some dollars and they're selling out. that's the bottom line here. people are really getting involved in buying virtual goods and steph can curry is going to be near the tip of the sphere, he's not the first one, but you got to imagine a lot more folks are going to follow him with regard to this whole metaplay on selling goods online in a virtual universe. >> i would love to see steph curry on the treadmill that george jetson couldn't keep up with james, stop this crazy thing brands in the metaverse and the current universe and under armour i don't think has them. i want to point out i think steph curry is a marketing god not just a basketball god, but a guy who prints well and i think

getting behind his star now is important. and this is an exciting moment but under armour is not innovating like nike under armour pulled forward a lot of gross margin help in terms of getting behind the celebrity endorsements, i realize that he's made the sneaker world go and steph curry is as hot as anybody, any athlete in the world now. but it is not enough it say under armour, which isn't cheap, also relative to nike. i would rather -- i am long nike and i would own nike over under armour all day long. >> virtual content to real estate, real assets. home building, those stocks are rising today and raising the roof what is behind the move higher we'll break that down coming up next plus, cat climbs higher. that call coming up ahead as well aerhiquk mmcifast money" coming upft ts iccoeral break. age before beauty? why not both? visibly diminish wrinkled skin in... crepe corrector lotion... only from gold bond.

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welcome back to "fast money. check out what's happening with the home builders, rallying today despite some weaker than expected november housing numbers. existing home sales rising 1.9% last month that's weaker than analysts were expecting. still the third straight month of gains and that was enough to give a boost to the builders overall. you can see there, a lot of gains there for the home

builders toll brothers, lennar, kb home, dr horton, all closing in the green. the broader sector etf, the spider home builders etf up as well today let's break down the housing trade. tim, how are you playing it? >> i tend to like the trains, the carriers some of the hvac parts and the home depots, lowe's for sure and we talk about restoration hardware and williams sonoma valuations, especially at a williams sonoma, not aggressive here and i think the world we live in, with the consumers still continuing to spend on prices in their houses that give them more equity value, i think these are stocks to stay with. >> bk, do you sit with the builders or go with the lowe's, home depot, william sonoma, the remodeling type trade? >> yeah, i feel like the remodeling trades are long in the tooth. look at lowe's and home depot,

they have done really well i would be taking profits in those. how much better is that going to get? again, you have the situation where you had a perfect wonderful storm for these companies. and if anything, i would look more towards a kb homes. something like that. but it has to break out. i would much rather wait for momentum on this, because what i'm concerned about is input costs. look at lumber prices, up again. i'm a little concerned about that i think it is time to be cautious and defensive when it comes to the housing sector. >> all right, let's go to a bigger picture trade here, caterpillar, building big gains today following a bullish note shares of the machinery stock, they're up 2% at the close analysts at the firm saying the stock is cheap, and the market is underestimating its near term growth potential the firm is expecting a boost from falling steal prices next year is this caterpillar trade one you would like

>> yes stock is cheap it had that huge run-up to the spring all time high of 246 did a back end fill, going sideways, sort of ever since at 16 times next year's number with 18% eps growth, stock is cheap. i'm with them on this one. i like the call. stock has been tough for a while. will get off the mat here, well done, i like this one. >> tim seymour, would you rather be in cat or deere >> i tell you what, i think the farm world has got a little bit more cyclicality to it now i'll go into construction. i -- which would put me more in the caterpillar camp i do think these industrial names are ones where we continue to see that rotation, that the market overall is favoring lower valued industrial, and even some of the less cyclical stocks so i like this call on caterpillar. options traders making a big bet on one of the vaccinemakers. we'll reveal which one and the trade right after this quick break. more "fast moneycongacin

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paychex. catch that interview at the top of the hour on "mad money" after this show. and don't forget, by the way, have cramer delivered right to your email inbox with the cnbc investing club sign up now with all the info on your screen. point your phone at the qr code on your screen it was a tale of two vaccine stocks today, pfizer eeking out some gains after the fda granted emergency use authorization for its at home antiviral covid pill while moderna slipped deep into the red. the tale might not be over because one options trader is making a multimillion dollar very large bet on a very big turn around for moderna. tony zhang joins us to break it all down tony >> yeah, dom, moderna, one trader seemingly taking advantage of the 6% decline today and buying the dip effectively. the moderna traded fairly active here, 184,000 contracts traded, which is about 1.3 times the average daily volume

but one particular trade, 700 contracts of the september 2022 330 calls were purchased for an average price of $27.30 now, these are call options that are about 32% out of the money but just to put this trade into context, this particular trader is betting 1.9 million in premium that the stock is likely going to be 42% higher between now and september. this is a fairly bullish bet, perhaps betting that we're going to need a lot more boosters here next year. >> all right, tony zhang with the big deal and big trade in moderna openings thank you very much. let's trade around steve grasso, what do you think of this moderna big call, buying call options outright? >> i actually don't like it. the option guys are always smart intelligent traders. when you look at the chart, the chart tells me that the stock wants to go lower. it is the inverse to what you see with pfizer, plus, dom, the stock is up 1 40% year to date

it seems like it has run out of gas. when people are playing the vaccines, they definitely put their chips into the pfizer basket and get a bit of value with that. and a bit of risk and a bit of the variant head winds that we look like we're going to be dealing with for the foreseeable future but, moderna seems to me as if it was just that growth play and people are getting tired of it and bailing. >> interesting two sides of that story for sure for more options action, tune into the full show next friday at 5:30 p.m. eastern time right here on cnbc coming up after the break, your final trades ♪ ♪ ♪

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it is that time, final trades, go around the horn tim seymour. >> we debated amazon earlier i think that chart from february has been a slow up grind with the bottom of that slow up range. i'm a buyer of amazon here >> steve grasso? >> you clear secure if they pop or bounce at the very least, this one should be rallying 30, 40, 45% from here.

>> brian kelly >> you know what i like cisco, dinosaur with a dividend. >> guy adami >> beaks, airbnb in nantucket. >> airbnb in nantucket thank you for watching happy holidays noon,"t ar rhtig w. airbnb and than nantucket. >> "mad money" starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i just want to help you make money call me at 1-800-743-cnbc. tweet me @jimcramer. is covid o