intra-day monday were lower. it still has a look of a bottom level. we'll see after earnings tomorrow. >> it hasn't pulled back like microsoft but also not the top line growth. >> very low growth, more about safety and predictablity, one quarter earnings shouldn't matter as much, we'll see if it does. >> that does it for "closing bell", we're out of time "fast money" starts now. live from the nasdaq market center over looking new york city's time square this is "fast money" i'm melissa lee tonight's trader lineup tim seymour and pete and -- tonight we're on a busy night of earnings, tesla, intel, las vegas fans on the move reactions coming your way. plus power pull back stocks giving up early gains and we break down the fall out. later retail revolution big bet on gains helping the crown sun

best as the best performing hedge fund in 2021, a rare, exclusive interview with the man who runs that fund report of the day, tesla stock volatile after being beat on early top lines, now down half percent, phil lebeau is following the action. >> i think the stock dropped after the supply chain comments and said oh, tesla will get hit with the supply chain issues but won't get more clarity until the conference call in 25 minutes. as you mentioned the company did beat top and bottom line handily earning 254 with revenue $17.72 billion, estimate $16.57 billion the numbers within the numbers are pretty darn good for the fourth quarter starting with automotive growth margin x government credit forget the 37.6%

the one people are focused on came in 29.2%, better than the street expected which was 28.3%. operating margin 14.7% free cash flow $2.77 billion and in terms of production we didn't get a lot of guidance from the company but they did talk about where things stand with austin and berlin, both those factories are built and are already building vehicles but are still finalizing those vehicles but not yet delivering, in other words, they're not up and run and contributing to the number of vehicles that will be delivered at least so far. we expect that to happen relatively soon. the plants are running below capacity in freemont and china and running below capacity because of supply chain issues which tesla said they expect it to continue through 2022 elon musk is the man of the hour, the one people are waiting to hear from, the expectation is that he will be on the conference call in 25 minutes

and will give some type of a product road map how much clarity do we get from that road map? do they tack about cyber truck when they expect it to be out? what do they say about the semi? the roaster? do they give indication there are other vehicles the company is looking to develop, a type of vehicle whether a suv, cross-over, et cetera. that's what people will be focused on if elon musk is on the call and if we get the product road map people have talked about tesla, again, beating on the top and bottom line and really when you look at the numbers within the numbers, they're pretty good >> phil, in terms of elon musk, the company hasn't had a new product for about two years. >> right. >> cyber truck has been delayed and he hinted of $25,000 vehicle, any guess from analysts on what this product road map will include >> i don't think we'll get a specific vehicle, that's not the way tesla does it. when they announce hey we're

going to build a new vehicle it tends to be not done during ag conference call like this, it tends be its own event or elon musk will take a separate -- away from earnings, a separate event and he'll say we're developing xy and z. so i wouldn't be surprised if we get so i would be surprised if we get a specific model mentioned, more on the lines, this is where we are they might talk about the cyber truck and semi because those are the next vehicles in the product cadence and i think the other question that needs to be answered, melissa, i'm sure the analysts will ask about this, how much is the development of those two vehicles being held back because of the supply chain. they are selling every model 3 and model y that they can make, those are red-hot right now worldwide. you're tesla, the smart thing to do is to feed the demand that's out there for those two vehicles, is that slowing down

when we could see the you cerebral cyber and semi and ultimately the roadster >> phil, thanks, stock has been all over the place, now tim your take. >> gross margin x credit 29.2. -- excellent. the supply chain was note worthy and the stock responded initially because tesla had been seemingly, maybe not impervious but so far ahead of the competition and global supply chain and the mention of that it's been qualified somewhat the discussion what they have said, there's a lot we need to hear on the call about where they intend to be on productuck. s -- production saying we expect to grow 50% in the foreseeable is pretty

extraordinary growth and i realize that's where people -- i certain have been knocked back in surprise on just how extraordinary that growth is so we have to hear about texas, we have to hear about berlin and how much they can continue to see new production come online but freemont right now they're saying they can do north of 600,000 vehicles there to me, this comes back to they seem to be outperforming i will say this about the stock, again, i don't like the valuation and i'm not going to change on that, i think it's 80 times. i will say, tesla has been remarkably not volatile and in fact probably pulled back in line or less than ford or gm when everyone talked about ev on the way up, that which gave those stocks a boost tesla wasn't hurt by the competitive landscape so i think there's more vol yet to come but so far so good. i'm surprised by that. >> yeah the forward pe as we

have it is actually 100. pete, we're seeing what the growth the company can deliver is, would you say, you know what, that's all right by me >> i think for now, i think you could still say that, melissa. quite honestly, as tim pointed out the margin number is impressive how about that free cash flow, outrageous, $2.7 billion also, you wonder, do they have enough demand, yeah, they only have four days of inventory. so they are cranking they are moving. they're doing everything they want to do the valuation has never lookeds of appealing they own the space with 71% of the ev market in 2021 they own the space we bring up ford, gm and european companies as far as competition but this is the ownership of that competition. they own the ev space. and they continue to be miraculous what they're able to accomplish so i think it's an

impressive quarter i can understand why the stock's not moving the way we'd like to see after the numbers they came up with, it was absolutely incredible, but this is a stock, to tim's point, it's been interesting, one push back i would give is this, the applied volatility of the options in tesla has been through the roof. for a long time they were at the level they are at right now and then pulled back in the last year and trading at half these levels so there's something in terms of volatility, day in and day out volatility let's not forget this stock this month as low as 860 and high as 1200 so there is some volatility with this stock and i think it's a really interesting spot right now, matter of fact i did buy calls today, so we'll see. i'm above where the market is, i hold the 950 strike calls we'll see if it gets anywhere moving towards that direction but before the fed today the levels where it was trading made

me think there was something very positive. the numbers are positive but the reaction not quite as positive as i had hoped >> yeah so does this tell you steve grasso that it is really the context, back drop of the markets to dictate how tesla trades though tesla is very much a story stock. >> i would have thought it would have been hit, to tim's point, it outperformed the other automakers, i would have thought because of its growth and because of its pe, you stated, trading 100 times, this one should have been slammed in the face of rising rates it hasn't been so to pete's point, when you look at the cyber truck, didn't mention it by name but cyber truck and ford and all of the other competition, is tesla getting the pass because they were first ones to the ev market or are they going to get hit because of competition so if they have a delay in the cyber truck that means ravieon

and ford about beat them to the roll out of the pick up truck if that's the case, is you have to look at the year ago performance as a pull back though it is back 20% you might want to the get back on the ford riverian is priced as a risk asset in the face of higher rates and being demolished >> -- >> meantime let's get reaction from "fast money" friend, always good to speak with you what's your take you like the quarter >> i do, melissa, taking a step back, important context, tesla is growing deliveries 5x faster than the overall auto industry their profitability on gross margin vehicle per basis is more than 4x greater than the auto industry a 5 and 4x i think those metrics

stand alone and there's a sense of deja vu' every quarter hearing about tesla beating numbers, margins going up, begs the question what's going to change going forward i want to jump to that when i think about the context of the quarter. i think the incredible gap up 71%, gm down 44% in terms of delivery in the december quarter. that gap is going to close at some level it will narrow i don't think it will close. but the profit analytics but the profitability piece is critical, for tesla to have market cap relative to other car makers they need to have outside profitability and i think that piece is under appreciated about what they're building. and i would put this last piece in here, the numbers were good, they were actually better at first glance better than as you normalize some of the numbers for one-time effects like ceo compensation, the numbers were probably better because you can

look at things like fsd and some of the revenue despite all of this controversy they are recognizing a very little piece of that. that's something other car makers don't have and will be creative to margin long-term >> tesla had a line in its release that caught my eye, it had highest quarter operating margin above all volume oem demonstrating ev can be more profitable than engine combustion vehicles -- elon musk will be on the call this quarter, what do you think he's going to say? >> i'm hoping for cyber truck pre-order numbers, it's been a long time since they updated that model two car i'm keenly focused on, i don't think we'll hear much about that, in part because they start talking about a new,

lower-priced version coming out they start selling against themselves i don't think they want to do that they have said they will be in all vehicle variant classes over time so undoubtedly those will come to answer your question regarding elon on the call i hope he's going to give insight around the order my bogey i think could be much as $1.5 million compared to ford f-150 lightning 300,000. >> the stock is positive up 0.4. 16 minutes until that conference call we have after hours earnings alert. >> shares of netflix popping after hours up 5% on a revelation that they acquired 3.1 million shares of netflix in recent days, making them as they call it a top-20 shareholder in this company they say the valuation became

attractive to them when investors reacted negatively to the for to the recent quarter subscriber growth and guidance they like netflix because it's subscription based and they like the management team, so forth, and first started analyzing it with conjunction with the investment with universal music group, initially they looked at it as part of their spac also interesting in relation to this position they unwound majority of their interest rate hedge that generated proceeds of one and quarter billion dollars in order to put money to work in netflix and had they not sold the hedge would have realized more gain based on increase in interest rates largely today since the sale however they found netflix to be an attractive opportunity and therefore decided to invest.

pershing square bill akman acquiring more than 3 million shares. >> to be clear, there's no evidence or nothing to lead us to believe he's taking an activist role in netflix >> not -- no, not from this letter and interestingly, we haven't seen him take activist positions in several years now it seems, based on this letter, fully complimentary of the management team, of the business, they found it to been an a attractive valuation and took a stake. >> leslie, thanks for that, latest on next flix shares up 5.5% right now seems like ackman saw a value play with the decline of shares on the back of earnings. gave me a flash back to 2013 when he exited his netflix position but this is not activist, let's under score that tim, what do you think

>> wolf in sheep's clothing. no, it's not active -- it's certainly a case, if you listen to the dialogue it's one, netflix got relative to itself, it's a value call, trading inside disney in terms of streaming business and the story changed from category leadership and sub-growth to focus on the international and actually focus on margin. i know it sonds crazy because there's going to be a challenge on free cash flow and their best free cash flow year was the year they couldn't spend on content and people were stuck at home. that's the story on economies of scale. i picked up stock the next day around these levels. it's interesting to h harry it is interesting to hear ackman does tell you that people may be thinking high-multiple stocks, what you think about netflix,

don't know, but certainly could be there are now, maybe, some folks, active folks, smart folks like ac k man said we're seeing it run far enough and we recognize the dynamic of the stocks. >> we have breaking news let's get to meg. >> moderna said it's started a trial of omicron booster va vaccine. we know the company from the day the omicron variant was discovered started developing these vaccines tailoring to it, now of course getting if into the human clinical trials following the announcement from pfizer, moderna saying it will test the vaccine both as a third and fourth shot after the original moderna doses and whether to include it in multi valant booster vaccine to protect against mult i strains of the virus to inform

decision-making what we need in terms of next step when we get the results, regulators will help with that decision-making process. what could also help is more data out tonight in new england journal of medicine with small study with 20 recipients moderna saying only 55% of participants after the first shot -- with third dose -- essentially providing more data about how important that third dose is in this age of omicron all together this is going to give us more data about what the vaccines look like potentially later this year. >> meg tirill, thanks, moderna shares ticking higher by 1.3%. pete, you in this one? >> you know, i'm not, mel and i'm actually getting pretty

interested very much like netflix, obviously it's been cut literally in half. i look at moderna which was $500 stock at its peak and now dropped to $155 in that range. you look at this company it's not just about what is going on in the world right now or in the last year and half or two with the pandemic, this is a legitimate company as well and think it might be time i'm definitely looking at that in depth in the next week, i like what i'm seeing, mel. it's not just about moderna and all of what is going on with omicron and everything else. i'm looking more as, hey, look, this is a company that has hey heck of a lot of value to it i'd like to see more depth of the pipeline but still think this is a name that is been beaten enough and time to turn. >> 3% gain on moderna after hours so far coming up, las vegas on the move after reports, details next. and fed signaling it's getting

ready to move. we'll break down the news. "fast money" back in two do not go anywhere hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee. yeah i should've just led with that. with at&t business. you can pick the best plan for each employee and get the best deals on every smart phone.

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we have another earnings alert, intel is on the move. >> it's been moving plus and minus a percent after hours, they kicked off the call saying they're heading into 2023 looking at incremental impro improvements talked about adian 2.0 strategy. that what has happened so far affirms it is right and reaffirmed in 2024 they expect their manufacturing process to be at leadership and in 2025 design will be now the stock did pop a bit after hours when he said they are on or ahead of schedule on process technology he did go on to talk about raptor link, a chip that they have booted in the labs and he talked about the ark graphics chips delivering in volume later this quarter so all of that going on.

he's saying the strategy is on track. and that he does expect this year to be better than last. but still, investors are looking for execution, execution, and looking ahead to this analyst data intel is going to have where he is going to detail more exactly how that should happen melissa. >> john, thanks for the latest on intel. >> we'll have pat gelsinger on tomorrow morning that's important. >> i was going to mention it if you had forgot it or something, yeah, that's an interview we won't want to miss pat gelsinger dome on "tech check" thanks, john. steve grasso, do you like intel in this world of growth, could fall in the value bucket. >> definitely falls in the value bucket is under performed inviedia and outperformed on a relative basis, has gone down less in the last month, three

months when you look at it, on-shoring they'll be ahead of the supply chain, they're the latest ones to do that in a big way. do people want their chip versus the other chips out there. have to ask yourself that. and technically the 100-day moving average has been resistant on the stock 56.25, stock is traiting at 51, say, 52 so the up-side is limited since august last year >> tim >> well, look, i want to hear pat gelsinger and i have a lot of confidence in this man who has put the pedal to the metal in terms of capex spending it's an arms race, samsung and intel got room to cap up the capex is function of infrastructure build out, equipment, new plants, we definitely want to hear more about ohio, there's talk about $20 billion in capex there the fact that south fire rapids

chip is online is great. again, their next generation release. the valuation 10, 11 types trailing, i think the forward is toucher and frankly i think they're getting the benefit of the doubt because i think we really need to hear where we're going to be in '23-'24 it is almost the linear relationship between the spend and where i think people will begin to target earnings out that far. >> all right we're just getting started on "fast money." here's what's coming next. >> fed in focus. powell pointing to a rate hike on the horizon the traders break down what it means for the markets, next. plus, going long gamestop? one hedge fund did and it paid off big time we've got the details coming up. you're watching "fast money" live from the nasdaq market site 'rba rhtft ts. wee ckig aerhi e new ww personal points program. changed my life. you look great. no two plans are the same. you can even eat this and these in the same.

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welcome back to "fast money. another wild ride on wall streak as stocks give up substantial gains from the earlier session, nasdaq up but ended flat swinging 940 points from high to low. this coming after chairman spoke, ten-year yield soaring back we're at 1.8% right now as the fed put truly caput. tim, i'll go to you on that. >> you had to do that, mel good for you for doing that. and good for jerome powell for doing it question is, is he doing enough? i would focus on the 34midnight lightningle part o

i would focus on the middle part, the belly. two's and five's, short end from 1% to 1.15 so the market almost dropped in two-thirds of 25-bit hike right there i think the focus here that investors and the world is looking at out of the fed today is reminding that the labor market may be the most important bogey for them again, they've always talked about the labor market but the move from 5.9 to 3.9 on the unemployment rate but more importantly the labor cost the fed knows better than anybody is the stickiest part of the inflation story. look, i think this is a day although it was a non-event in terms of the announcement, obviously the market read into the fed chair's comments and they're less concerned about market dynamics. i agree as well >> it was interesting in all asset classes, we saw markets go

down, we saw yield go higher, and we saw oil stubbornly high as well on a day bread hit $90 a barrel since 2014. the dollar also up these are all things not necessarily good for the market. >> yeah, i think -- you never want to say the market gets it wrong but we are -- we've experienced the fomc, and chair powell talking hawkish but acting more dovish the market has already established that they will stop asset purchases, they will raise rates and they'll let the balance sheet run off. that's not all happening all at once and i think that's what they factored in i think the sell side banks are tripping over themselves saying there will be four, five, six, seven hikes. they're trying to outdo themselves i think this is a great set up for the market it's pulled back chair powell has confidence in the economy.

is seeing through omicron. and i don't think this going to be as bad as people think. look at the front end of the curve, like tim said, if he talks more dovish what happens the front end comes down and then the back end will steepen because they won't be afraid that he's going to over step and create a recession eem, emerging markets will do better, value will do better, banks will do better, end of story. i think he has to get off the hawkish bandwagon just a bit for markets to start to perform better >> to quote one of pete's favorite songs," everything is coming up roses" seems like a win-win situation is all this hawkish talk just jaw-boning. >> well, you know, mel, i think for a long time everybody's just looked at so many different aspects of the market and obviously everybody has a very big concern about all of the different areas of the market

hit from all areas as far as catalysts go but the fed being one of the biggest hammers out there, matter of fact, it was an interesting reaction today, the markets were absolutely on fire and started to sell off pretty harshly. i thought it was interesting how the nath nasdaq hung in there wl relatively speaking. not sure everything will always come up roses but felt like that's something they're looking at right now that everything can be roses and we'll see if that's really going to play out the way they think the labor market is strong that's something they talked about time and time again. there's no doubt about that. but to your point, mel, oil and a lot of other different aspects of the market sure do cause a little bit of, i don't know, waves in that what seem likes w calm water that we're talking about right now. >> more on the fed bring in our senior economics reporter, steve, what do you make of powell today

>> i thought he did pretty much what he told us would happen i thought it was pretty much hitting the nail on the head maybe a touch more hawkish in terms of releasing that principles of balance sheet reduction. not something i expected i did expect him to talk a lot about the balance sheet. so they did it in a more organized way than i think the market expected. i had an expectation that perhaps this summer they would be reducing the balance sheet, hiking in march, so i think it was pretty much spot-on. i will tell you, melissa, in just the last -- i don't know, little bit here -- with this rise in rates, i want you to look at the fed fund probabilities because there's been a change in the market outlook. we went into this meeting with the expectation that rate hikes would be quarterly next year they've no moved it up, showing the chart, thank you very much, there's now a banking or pricing in of three consecutive rate hikes with only a break before the fourth here. it looks like the june one could change a little bit.

it's not quite as strong as the others right now this is pricing that does move around, sometimes by the hour, sometimes by the day you can see the november hike, the fourth hike is now in november it had been in december. so the market now pricing in more frequent rate hikes as well as on earlier fourth hike there as well. i'm not sure i heard that but i could get how that could happen, that the market thinks the fed is going to get its business done, the upside, i don't see them pricing in a fifth hike, at least not by the february or december meeting, so as expected i'm concerned there were a lot of people out there saying they thought powell would ease off and be dovish, not sure why they expected that, i'm a little bit concerned people were talking about that out of school a little bit. >> yeah there's really no upside to go dovish when the markets are expecting for, if you

deliver four you do if you don't, so be it. that's the way i took it you would know better than me, steve. so that november hike plussed at 70% probability was originally december and pulled forward? >> it was december, yeah pretty strongly pulled forward into november. >> based on today. >> yeah, based on today. one very quick thing, which is, powell has called back some optionality for the fed and some flexibility. this is not baked in so much any more may do more. may do less. but the guidance now is substantially different, during the pandemic was we're going to be easy for a very long time and now going to do the balance sheet but the window is more like six months not a year the way it had been before. >> steve, always good to see steve liesman. we have stocks we want to get to

after hours, christina has the highlights. >> i have a few breaking news in after-hours trading. firstly, a new member of the s&p 500, constellation energy, is going to replace the gap they're shares are climbing higher almost 5%, unfortunately the gap is moving the opposite direction, down 4% gap will be moving to the s&p mid-cap 400. keep in mind two weeks ago constellation executives put out a press conference saying they will emphasize nuclear enterprise and -- next company popping 6% -- haven't heard back on this report that's why you are seeing movement in these company stocks >> christina, thanks pete najarian your pick on which stock you want to talk about. >> i'd probably lean towards

centene we talk about this in health care and so forth, any time i hear someone interested in something like this, the possibility of it being there, it's something we all want to find out if there's any creditability to that. i think that stands out the best for me. >> yeah. tim, gap >> not so much, i mean, look, i think it's a case where, forget the technical aspects of leaving and adding dynamics whether constellation or gap i just think gap is a story that was a restructuring, broken story, so to speak, not restructuring from the balance sheet but restructuring in terms of what they're doing with their retail footprint, their mall leases, their brick and mortgagor versus online business, i think you squeezed a lot of excitement in this stock, i don't think there is a lot of excitement in next 12 to 15 months and issues around labor and high real estate cost people are not pricing in aggressively enough. >> all right

coming up, gamestop or bust? one hedge fund going long last year paid off in a very big way, exclusive comments from the man who made that bold bet and update from a ory stwe brought you yesterday. details next

welcome back, shares of game stop pushing higher, holding above the $100 level but exactly one year ago today gamestop shares were trading more than triple these levels. that wild move paid off big time for one hedge fund leslie is continuing our story on the retail revolution leslie. >> hey, melissa. buy when analysts say to sell. sell when famous business personalities tweet to buy that's a short summation of why sun vest managements richard rachel decided to buy gamestop shares in december 2020 amid slew of sell ratings in unprecedentedly high short-interest was a mania in the stock the biggest sell, this tweet by elon musk with just one word,

gamestop. >> his piling on with that tweet for us was, you know, we just all looked at each other and said how do you top that in terms of, what else is going to happen from a momentum point of view. for that that signified peak momentum and we proceeded to exit the rest of our position. >> the rest is history notching $700 million from the position, helping the firm to become the best performing health fund of 2021 of the one-year anniversary of these events coincides with tremendous volatility, a year ago record high, 87 times the level they traded six months higher and today trading less than a third than a year ago. still, many of the shorts have been flushed out due to the fear of being squeezed. will be less of a focus this year in 2022.

>> short squeezes have always been a risk and certainly much bigger risk last year. for i think this will be a good year for stock pickers to really differentiate themselves both on the long and short side. >> he says he has no plans though to buy back gamestop at these levels. >> leslie, what's his big bet this year? >> it's a good question, so he told us he likes a couple names, capri holdings is one. owner of michael kors and versace and believes it is under valued and he likes energy companies as well and is a big fan of a couple others that i'm trying to remember what is on the record and what is off the record in terms of what i can share with you but capri holdings was a big one. paramount resources is the canadian energy company he likes as well.

and he also said he is dabbling into some spac names and he will later potentially disclose as well given the recent sell off there. >> i'm also curious, leslie, what his track record had been prior to gamestop or what his record would have been in 2021 ex-gamestop. >> gamestop represented 50% of their returns. what's interesting is they like to take more value-oriented stakes their best performance has come out of big bubble burst. so they had been the best performing hedge fund back in 2003 following the dot com bubble bursting and did it again in 2009 following the financial cro they have this pattern coming on the other side of bubbles bursting, one could say not necessarily a bubble burst but there was a huge down turn in march 2020 they were able to pick up what they saw as beaten

down stocks on the other side of that and then show tremendous performance in 2021. >> yeah, a good year might be coming for them again. leslie, thanks so much leslie picker. i do want to get to tesla because we noticed the stock taking a big leg higher in the past few minutes up by about 3% now. let's hear from what jean heard on the call. why is the stock popping >> melissa, elon came at the top of the call in attack-mode like a prized fighter swinging, he gave guidance for 2022 unit delivery growth comfortably above the language he used 50% the street at 40%. he said to expect full self-driving end of 2022 not making this up i think the street may not believe that he added that business has nutty, in his words, profitability.

lastly, when you asked what elon was going to talk about, the furthest thing from my mind was the robot, i wasn't sure if it was real or a punch line, in fact they're really going for this this can be for impact, i think what we're seeing, the long-term vision is building robots that can be used in the real world for jobs that people don't want to do. and i think those three, the combination leaves investors with some greater confidence that this company's just going to continue to grow. >> on the robot-note, do you want the company to be building robots before they introduce a new vehicle model? you know is there supply chain issues around the world, trying to ramp up factories, is that something you want to see the company do >> i want to see them continue to invest in growth and they said that this -- the cost of this, focussing on be doing this development means that cyber

truck is not going to see deliveries in 2022 they hinted that couple weeks ago. they changed language on their website. so that wasn't a surprise. there is a cost to it. when you just look at aggregate here, if you believe in robots, i think they do play an important role long-term in humanity so i welcome that development at the cost of potentially putting outmore cars and the reason is that the growth is still impressive these are huge numbers, they're talking about huge numbers on top of huge numbers, not like anything is suffering on the delivery front while they do these other projects. >> thanks for keeping us posted. tesla shares up 2.6% pete, are you a believer in robots >> ha ha i don't know so much about the robots, i mean, i have some belief in them but not sure i have elon's kind of belief but why would i not listen to this

guy. he's absolutely delivered. the profitability with the autonomous cars impressive along with the deliveries, so to jean's point that's given the stock a little lift. the 950 calls were very active calls as well as other strikes, but one where the stock is trading, interesting to see the stock trading near those levels now. how this plays out, i don't know the robots he has talked about this a long time, he really has, it's something he's very passionate about i guess he's bringing it up closer in time than we first thought. >> yeah there's going to be a lot more that elon musk will say, only 19 minutes into the call, we'll keep you posted on developments meanwhile, update on las vegas sands. contessa. >> the stock has flattened after hours trading. sands has the money from selling las vegas properties it has down time during the pandemic and using both to

continue its capital spending. on the call rob goldstein said the company embarked on $1 billion renovation in singapore where visitation last year was just, get this, 330,000 people compared to more than 19 million people in 2019 goldstein said they're pursuing large-scale projects both in the united states and internationally. we expect answers next week about the ballot initiative in florida. we're looking at efforts in new york city to develop an integrated resort in this state. when pressed on capital return the company says it is looking forward to returning to a shareholder dividend when it returns to operational profitability. remember sheldon would start the calls with, yay, dividends one more thing, goldstein said he is monitoring the challenges of sports betting stocks, a lot of volatility there, he thinks things will shake out and said

las vegas sands willingness to wait and not dive in hasn't been the worse decision >> thank you, contescontessa tim, las vegas sands was the l in your acronym live for 2022 so you like this one what do you think of the quarter. >> right along with volatility and energy what i like about las vegas sands first it is a great balance sheet. some divest yours are $6 billion in cash not chasing some of the online sports betting world, obviously right now looks great, but more importantly, think i this he have a future in higher-margin business the perfect storm of travel immobility and the fears around china, this stock was cut in half on valuation, where should it be trading? not seven to eight times ooebd the historical is 15 times, take me even halfway back you heard about some of the traffic patterns, what they're doing in southeast asia is very,

very impressive and something investors aren't giving enough credit to. so long the stock. continue to be long. a lot of comfort with the balance sheet and long-term prognosis >> grasso, quick trade on lvs. >> lvs was trading a month ago at covid lows, to me the risk reward is on the side of the pulls, running into 200 day average as far as resistance as long as bulls stay clear of the covid low it's a good spot to jump in. >> companying up, april. is o . >> coming up apple is on dekeyser details next t buy love. or peace. you can't buy security. you can't buy happiness. you can't buy confidence. but you can invest in it. we believe that your investments

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contracts of the 150, 145 and 140 strikes expiring this friday collecting $770,000 in premium betting the stock will be above 140 by expiration. it is below 140 he has 290 million stock purchase so a sizable bet apple will stay around these levels going into earnings >> tony, thanks, options action friday 5:30. up next, final trades. ♪♪ ♪♪ ♪♪

it is time for the final trade. let's go around the horn, pete najarian, what do you say? >> i'm going to give you apple, here's why, i think web bush is right, they talked about black friday to christmas 40 million iphones sold and morgan stanley $82 million in the quarter it's going to be a big holder. >> steve grasso. >> capri holding, david einhorn came out positive saying substantial upside and this year

10% of market cap in cash, they should have bought it when i punished it at $18 maybe they did capri. >> tim's already eating dinner tim, final trade >> we did a doge coin happy meal segment yesterday and i was so fired up i my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull mark somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica everyone wants to make friends i'm just trying to make you some money. my job is not just to entertain, but call or tweet me the market was cruising today. looking real good. until the fed press conference hit