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tv   Fast Money  CNBC  January 27, 2022 5:00pm-6:00pm EST

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today. >> that's another one. on a 12-month basis tesla is flat had a massive run higher, well off the highs above 1200 that's a retail sentiment tell more than anything else, don't think it's the crowded hedge fund trade, we'll see if it can make a stand at the flat line. >> this roller coaster week continues we're out of time on close, "fast money" starts now. live from new york's time square this is "fast money" tonight's trader lineup, guy adami, karen and dan and tonight -- stock on robinhood, breaking with any fresh headlines. move has come nearly a year to the date since rocking the market on stopping trading on retail stops a year later a 21 years old investor just awarded $37,000 can't miss
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interview ahead. later. opportunity zones, two that look like screaming buys. we'll bring you the names. starting with the big tech report of the night. apple shares popping on better than expected earnings now at the after hours high, cnbc julia boorstin just spoke with tim cook, what's the latest? >> that's right, melissa, shares up nearly 5% after apple reported a record quarter driven by iphone strength beating expectations for every division except for ipads that had supply constraints. grew 11% to $123.9 billion ahead of $118.7 billion that analysts estimated. earnings per share 2. 10 beat estimates of 1.89. i spoke to ceo tim cook who said the iphone sales were strongest over the last two weeks of the
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quarter and bodes well for momentum i asked about particular strength in china and he said quote we grew 21% in china which we're very proud of, it was an all-time revenue record for us in the country we had a very strong customer response to the iphone 13 family and set a record number of upgraders in china when i asked about inflationary pressures and plans to raise prices said we try to price our products for the value we deliver and i think everyone's seeing inflationary pressure, no two ways about that. he said he expects supply chain restraints to be less in march quarter then in december we'll hear more on that earnings call that just got underway. >> thank you, julia boorstin. >> so concerns going into the quarter, china or supply chain,
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effecting how many iphones it can deliver, or other products, all those concerns have been dashed so far, guy, what do you make of this quarter >> unfounded, remarkable quarter, china up 21% year-over-year in terms of revenue. it's great operating margins better max, still killing us, say what you want, mac is still a bit of a hardware company i'm wrong all the time as you have come to lenarn in the last north of a decade, this one we got right in terms of the levels, apple should trade back to the all-time high last year 157 and if you go back a week that's what we did one, you absolutely now have something to trade against the down side. as we pointed out. and two, i think you're going to see a run backto the prior all-time high. i will say this, if you're looking for one potential negative, this is a knit-pick so i'm sorry, it's that services
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revenue only comprised about 15.7% of overall revenue now you can say that's because they had a huge revenue beat i get it but if you're looking for something to be negative about that's trending in the wrong direction. >> is a concern of yours, karen, we've seen time and again -- not saying it will be the same -- apple go higher on the back of results and something said in the conference call it reverses those games. >> right i think they want to err to be conservative there was, as guy said, a lot to like about this quarter. so many things could have gone wrong that didn't go wrong and the size of the beat was impressive, the margins impressive the question becomes what is the right pe multiple and with what to expect is the mix of hardware and software and is 27, 28 the right multiple in this environment? i don't know but i do know i want to stay
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long, because i don't know if that multiple is a little bit high or a little bit low and i think the momentum they have, very happy with that we'll see what they do with capital indication later in the year cash flow was very, very strong. the story has a lot to like, it's as good as it has been and the environment we're in is as important as what apple's earnings are so i hope they can help stabilize this market somewhat, though i don't think there's a lot of pure comps. one thing interesting today, louis vuitton giant earnings, people are spending on expensive things, that's part of what happened i like it, i'm staying long. i don't know how it trades tomorrow i feel like tomorrow is a lifetime from here in this market i'm staying long >> pairs to in comparison to a
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wallet forced to choose, pk, is apple's valuation based on what you heard so far on the quarter and on the future from tim cook, is the valuation too high or too low? >> so i'm not sure about the valuation but the price is probably too low because the sentiment on the negative side is probably over done. to me it says, number one, demand is still there, and you saw that in the vuitton numbers as well, secondarily if you can get the supply chain constraints out of the way, you can sell a lot of products. that's what apple showed from a sentiment perspective, wait, we know it slowed the economy but there's still demand there. so internally i got good news and if i broaden it to the broader economy it says to me we have probably reached max recession fears and this might be enough sentiment-wise to
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start flipping the pendulum the other way. >> this 5% gain is adding $125 billion in market cap to apple dan nathan, do we put the party hats on, did apple just save the nasdaq, big tech, did it just save the economy if we want to extrapolate like bk is >> i think there's nothing to look at the fundamentals of that quarter what we know is a very challenging quarter for many companies that kind of transact or manufacturer globally and parts are coming from all over the place. they did a great job i will say westerndigital is saying different things on their call about supply chains we know apple is obviously first in line when it comes to supply chain and product and that sort of thing, they have the ability to squeeze their supplier. listen, it was a great quarter in a difficult environment think about that chart and
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overlay it against the nasdaq 100 that makes up 12% of that index of 100 stocks was only down 10% from its recent all-time highs the nasdaq 100 down 17 to 18% at its lows this week i think investors were expecting a decent quarter and whatever they say about visibility right here, you tell me how the market shakes out, i don't think it can save the market but that coupled with microsoft certainly if you are worried basket concentration of are worried about the major indices it should make you feel okay but this is not expected to grow, low earnings and sale, they bought back their own stock -- it's helping on the earnings front i don't think it's that compelling at this moment. i think you probably have lower lows in market
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last thing i'll say, i'm shocked bk didn't take that, i know what you were doing with that wallet. they have 1.5 billion ios users and might think of integrating krypto into what they're doing, so wallets, nft, thinking of services, what they're doing overseas, it could come to a theater near you with apple. >> there's bloomberg report with apple payment space with an app to supplant block square which is the little device that relies on the iphone small businesses to use, that is a concern to block, still getting used to saying that, but could be a good thing for apple. >> it could, the dongle, i think it's called. the dongle itself is the razor, and all of the software services
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that go along with it, payments and things they do to help small businesses that's the razor blade. so that's the part that apple wants to get yeah, i think block should be down, just a terrible pun, chipped a little bit on the block, because i think this is a potential threat and that's -- i mean, that's a fantastic business for them, for block. and it could be for apple as well i would be a little concerned. >> this goes to -- the reason i bring that up, guy, to dan's point what is the price in terms of growth and what are the other potential growth areas apple may not already be in and may get into fairly easily that could move the needle. >> that's what people are banking on, right, that's why they are now trading as a value stock with a growth multiple, which is something we've talked about for a while, maybe justifiably so in terms of the potential
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existential risk to square or block or sq, i have trouble remembering things, maybe it's priced in. $290 not long ago now trading $105 and talked about it years ago maybe it was good for apple to buy square that has sailed but for the stock, i think it's priced in. all that said, probably fade this rally, i'm not convinced. i've seen this movie enough times to understand off quarters like this there is going to be more momentum to the upside. >> much more to come the conference call is in eleven minutes and stock up by 4% robinhood share down 4%, call just moments ago, kate has more, what a decline we've seen. >> that's right, robinhood reporting wider loss than wall street expected lower than expected guidance and slow down in users, shares plummeted after hours down as much as 15%, can
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recovered a bit down more than 10%, first quarter guidance was the big disappointment, robinhood expecting revenue to be below $340 million miss by more than $100 million monthly active users fell from the third quarter and -- q4 revenue a slight beat more than 72% of that top line number, still coming from transactions options making up by far the biggest chunk, $163 million. equities followed by krypto. average by user down 30% from a year ago think of last year, height of the gamestop saga. call still going on. i did speak to the ceo who spoke about growth and plan going forward. they plan to roll out tax advantage and retirement accounts looking like mid-year,
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they're setting aggressive targets for taking the crypt business international that should happen by the end of this year wallets expected to roll out by the end of this quarter. 2 million people on the wait list trading has been slower compared to last year, but picking up in the last days, but hard to predict this business saying the overall market trading volume to end find revenue and move in tandem and makes it a little bit unpredictable. i asked about m and a rumors they said they have been hit with that rotation at growth and remain incredibly optimistic about the road ahead and says robinhood plans to be a st standalone company going forward. creon the call say ceo saying they have a new partner on the crypto side that should improve the economics and
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benefit from rising interest rates on the cash accounts stock really getting hit down 11% after hours. >> should be an interesting call, keep us posted, kate the guidance, a huge miss $100 million miss in the first quarter the $340 million they're projecting to make is below the lowest estimate on the street for the first quarter revenue and there are sell ratings so it is even below that for first quarter revenue estimates on the street brian kelly, can they say anything on this call to turn this around? >> oh, i don't know, i mean, i'm shocked -- shocked that you have stopped stuffing people's bank accounts with stimulus checks and 50% of nasdaq stocks are down 50% that they missed. of course i'm being a bit facicious there but it is one of those stocks that fully
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benefited from all types of government stimulus and i can't imagine they will say anything on the call to change anybody's mind. if you are an analyst that already had a sell rating on it, this is worse than you expected, i can't imagine you will wake up tomorrow and go, hey, this is a buy. for me, you can have it. it's all yours >> there's a lot of stalks out there in the same boat, in terms of huge declines, dan, maybe the best could be perceived to be behind them. what outcomes do you see for robinhood? what potential does it go-it-alone, kate said that's their intention, but can they go-it-alone should they have a partner are there partners throughout for robinhood? >> listen, bk the saying is have at it. not have it. let's be very clear about that this is a disgusting quarter there's no other way to put it last year's revenue $1.8 billion
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and fact they lost nearly $3.7 billion in net income, my friend told me when the numbers came out, if this company can't execute well in the best bull market we've seen in 20 years how are they going to do in a bear market. think about when that stock started to gap down after it went public after the results the reliance on crypto was way too much, we highlighted at the time, the reliance of yolo calls in the actions market wasn't a great deal and not a serious platform in my opinion we get antonio act with a lot of we get to interact with a lot of different ones and gamified the stock market for those who couldn't work and cash in their bank accounts. that's what happened that's it. the question is can they go-it-alone, of course, they can. they can't continue to lose money the way they do because there's a lot of company that's
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offer much better services than they do and they make a lot of money and they don't have the scale and don't have the churn and the issues with the management and trustworthyness i saw that vlad a year ago today tweeted out a new customer service bill of rights, something like that, it's a year too late. >> yeah it was pretty shocking it came so late after they restricted buying. karen, does it make the e-trades of the world look like they have a much stronger moat a year ago we were post u lating about the competitive nature that robinhood could bring to the game in terms of changing the game, they did, but here it is flo floundering >> yeah, definitely floundering, i mean, fintech's obviously gotten hit, they've gotten hit even harder and the growth multiples coming in, absolutely should be coming in here because they're not growing. we saw -- you know, they're not
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growing the way people expected them to grow when you think about morgan stanley and what they've done and charles schwab those are much better bought at a fraction of the multiples that a robinhood is trading at. and so, what's interesting to me, i just looked at coinbase which is down, maybe a buck only, coinbase obviously has had a very tough go of it, but we talked about it a month ago, would you rather be in coinbase or robinhood and you know, this quarter is horrific and it's only january whatever -- 27th or 8th -- i don't know when they made that guidance, maybe they just came up with it last night or today i don't know but i don't know that things are getting much better and it should be cheap and it will trade down, and will trade down, i wouldn't touch it but wouldn't short it either it's a no-judge
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>> all right conference call is 18 minutes in straight ahead much more on robinhood. tomorrow marks the one-year anniversary since they restricted trading on several retail stocks we'll hear from one that was awarded $30,000 because of this fall out first, visa conference call is underway and we'll bring you the tanext, "fast money" is back in two.
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♪ welcome back to "fast money. we've got an earnings alert on visa, shares up almost 5% in after-hours trade. let's get to kate rooney with the details, kate >> hey, melissa. vesey topping $7 million for the first time, the visa stock getting a boost after hours, up 4.8% at this point that revenue number up 24% from a year ago total payments volume up 20% year-over-year one of the big drivers, cross-border payments was big. cross-border volume excluding intra europe number up 40% these are the more lucrative
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transactions for the companies hit hard during the pandemic as borders were closed. calls still going on but ceo al kelly talking about the growth in e-commerce helping better cross border number recovery there and they don't believe the current surge in the pandemic will curtail the recovery as economies across the world continue to improve that number should tick up as well and announcing affirm has chosen visa as their network partner for the affirm debit card as well as renewing the virtual card business. headline on crypto they have 65 crypto partners. $2.5 billion in payment volume was 70% of total payment volume for the quarter. they did $3.5 billion total to put it in perspective. but the call is still going on,
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we'll give you any updates as they come. melissa, back to you. >> kate, thanks, kate rooney we also got a picture from mastercard and also emphasized in their call was the cross bored uptick year on year. guy, what's the picture we're getting from these transaction processors >> you throw american express in, obviously not the same type of company but you get it sand it paints a big picture of what i say all the time, never under estimate, consumer want to spend, they'll do it and finally tran actions in up 21% and down from the all-time high of last summer. 252 down to 200. you can do that math as can i. and it makes for a logical place to stop. you can make the case on valuation for the first time in a long time for visa close to 27 times the numbers i think you
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buy the stock. >> the valuations are richer than apples, karen, where would you rather be? >> i guess apple because i do own apple. it is a different type of business you had that hardware software question with apple but don't here, you just have this beat over and over millions of time it's great the bigger picture, american express, great, visa great, apple spend, great maybe our fear of the consumers as guy always says are over blown and consumers are there, they're ready to spend. >> yeah, dan am i playing would you rather, mel? is that what i'm doing >> you can play whatever you want tonight. >> karen had a game, i'm just wondering, i'd rather apple here i don't think he characterized my statement right about apple, i don't fade it, it is showing
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relatively good strength if the broad market comes in i don't think it will get worse than the market, from valuation standpoint they're less subject to the whims or issues like kate said, cross border payments, who knows, there's a bunch of geopolitical stuff maybe long business travel doesn't come back, stuff like that, i think apple has a more leverage to pull in 2022 in what might be spotty economic environment globally >> let's cut to earnings alert -- western digital, shares now down about 9% brian kelly, what do you make of this >> yeah, i think this is going to be the market that we're in, so you have to perform in this market and if you don't you're going to get taken out back, to the back of the shed and that not only has to do with individual companies but as
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you're looking at your portfolio you have to look at the right names otherwise you'll get killed this paints a different picture, we've been talking about strong consumer and demand being there, maybe western digital is that outlier. not saying it will have it extrapolated to the bigger economy because looking at other things we talk about on this show it seems away, stay away from western and stay with what's working. >> all right jim jim cramer has on i investment club newsletter that you can scan on the screen coming up. we're going to hit the chart and break down key levels in the market one technician brings us two stocks to have on your watch list plus what worked what didn't, teradynetanking, details after
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this re! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq thanks for coming. now when it comes to a financial plan this broker is your man. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in free? just like schwab. schwab! look forward to planning with schwab.
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♪ more details from apple's call, let's get back to julia boorstin, julia. >> yes, i'm just listening to the apple earnings call getting commentary from tim cook apple cfo on guidance expecting solid year-over-year revenue growth despite significant supply constraints we estimate to be less than we experienced during december but expect the growth rate to decelerate, primarily due to two factors duing march year ago grew by 54% and launched the new iphones during december this year we launched during september quarter
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he did say they feel good about the momentum of the iphone and expect foreign exchange to have a negative impact on growth and services they expect to grow strong double digits but do expect that services growth to be decelerating from december performance, that is because of higher level of lockdowns led to decrease usage and stock down. >> to get it straight this is deceleration for quarter on quarter correct from march to december. >> yes. >> got it. keep us posted, julia boorstin, thank you. tim cook was talking about a couple technical issues in terms of when they launch things as one reason, there's also a seasonal aspect i would imagine, karen, typically first quarter on the calendar is not strong compared to calendar year fourth quarter. >> right and also this quarter ended december 25th. that does leave one or two
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pretty good weeks of after christmas to be in this current quarter. i don't think -- like you're saying, i don't think this changes the story at all. >> yeah the stock is still up by 3% we'll keep you posted on this call it we get anything else. tech pulling back and if you caught the show you heard this. >> when you look where this can rally, 390 is a big level. i would be more careful. i'd be taking stuff off the table as qqq rally around 390 because of the internal complexion of the market is not as technically sound any more. >> raising the flag on the red flag weeks ago, qqq dropping 11% since that time and now there's some play with chris what are you watching? >> hey, melissa.
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yeah, listen, i think we have to put in context what we've seen not just the last two or three weeks but remember qqq peaked on november 22nd. high-low we had an 18% drawdown, a big move, taken the s&p down about 12 so when we look for over sold conditions or tactical lows we're really on guard for two things to develop. if you bring up our first chart we're showing put-call ratios, looking for stress sentiment we've seen three sessions it's in 95 percentile of historical, we also look for stress here showing s&p stock new one-month low. when you get to 60 to 70, to 80% of the s&p making a one-month low on the same day, that's that flush internally that tends to
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present itself at or near the bottom we have stress in options. stress in sentiment. and really important here, note how the character of this correction has simply been different than anything we've seen over the last 12, 13 years, right? this is the first 10% correction where bond yields have actually gone up, not down. that's a meaningful shift. where i think that's manifesting itself is through leadership i thought dan said something so important, in markets like this focus on where the emerging relative leadership is we brought two names to try to do just that, one in the machinery group, parker hannifi has been improving with six month highs and has not broken below its december lows. machinery. i think china easing there helps as well. those names. the whole group turning up second look at some of these insurance stocks, aftlac startig
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to show great relative strength, great support 58 to 60, i'd be a buyer of any weakness there. insurance is leadership globally get some exposure domestically >> chris, always great to see you, thank you -- guy adami i don't know if you are chuckling as you think about the duck in aflac, i don't know, what crosses through that mind of yours. >> hard to tell sometimes. >> very. >> chris mentioned the internal flush i'm very familiar, he don't want to get into that on this thursday, but i will say, mel, it's the cheapest thing you can do rates go higher, insurers will go higher. by the way, jeffies initiated bunch of insurers yesterday, aflac one of them, met life is a
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name that continues to make new all-time highs so if you think rates are going higher, like i do, i think you stay with the insurers, well done chris verone >> which would you rather. >> i would pick aflac, if they get a higher yield they'll make more money. it's a simple play when it comes to parker i think it's interesting and like the exposure to china because china is kind of easing so there may be a tailwind there but in this environment until i see yields come down you want to stick with the plays that are higher yield friendly that would be the aflac. >> dan >> chris said something really important, he said dan nathan said something really important. [ laughter ] what he said was -- what i said
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was is that relative strength is really important, okay what do i look for in a market like this, we had good fundamental news in bank of america, they had good results, their peers did not, the stock has shown good relative strength, it's kind of cheap, it's had good fundamental news and what's interesting, guy thinks rates are going higher the two year did go higher, the ten year went lower, so a flattening yield curve and the stock didn't get killed. i like what he said about aflac already made its move, i'd look for a bank of america if we get a market that stabilizes get back to that high of near $50 >> coming up, the blackstone stock soaring on blow out numbers. and retail revolution tomorrow milestone for robinhood and the markets. we'll talk to someone who took on the trading platform and won. details next.
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. welcome back to "fast money.
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shares of blackstone beating the tape on the back of strong earnings, with the ceo calling it the most remarkable results in our history the stock was up 6.8%. guy, you've been on this one for i don't know how long >> yeah, but let me tell you something chris said that dan said something smart so i will say something smart. -- blackstone got down to 101.65 on january 24th, close enough for government work but this quarter was remarkable. he is right. by the way, total assets under management approaching $1 trillion i think they're up 42% year-over-year it's stupid what they're doing there. when i say stupid, i mean that in the most best way possible. so i love blackstone, liked it for a while. shocking that it got so low but i think will go significantly higher from here. >> will be dan's night
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i have to say that coming up modern-day david versus goliath, hear from the retail trader who was awarded $30,000 could it be the tip of an iceberg with more pay outs to come and more options aioctn it's sirius xm that trade on the way. "fast money" back in two 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 should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence.
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let's get a check on robinhood tumbling after earnings down 12% after hours. the company front and center in the retail revolution tomorrow marking a milestone, it will be exactly a year ago that robinhood restricted trading in highly shorted volatility stocks like gamestop sparking outrage, ceo doing damage control one year ago on this show. >> there's a lot of volatility and a lot of concentrated activity in these names that have been going viral on social media. so we're really in unprecedented times and in order to protect the firm and protect our customers we had to limit buying
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in these stocks. >> one retail trader took the online broker to task for that decision to turn off the buy button and efforts paid off, he was just awarded $30,000, joining us is jose' batiste and his lawyer of securities firm, gentlemen, great to have you with us. jose', we talk about gamestop a lot and specifically this claim dealt with your holdings and alleged significant losses explain to us how you missed out, how you suffered these losses >> hey, thank you for having me melissa. so a day before the restrictions took place i made a good successful trade for over $20,000 and the next day i was going to make another trade on the next day but then when i put in the sell order i noticed the restriction and the price of the
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stock just plummeted down. >> so you basically couldn't make money, couldn't sell it the next day, ultimately what happened to that trade >> i capseled. -- cans themed. i cancelled. i wasn't able to make that sell. >> so did you ever sell it >> yeah i sold it for way less than what i was going to be able to sell it. >> are you still trading, jose'? >> at the moment, i started a little bit of trading but i took a break after all that to kind of get my life back together and stuff like that. >> and are you trading on robinhood? >> no, i'm currently trading on weeble. >> yeah, okay. august, i know these sorts of arbitration don't necessarily set precedent that's not what they are meant to do, at the same time, a lot of retail traders will be looking at this if they're in jose' situation or similar one thinking maybe i
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want to know what you would tell them. >> thank you for having me on the show our firm from all over the country were blindsided and harmed by robinhood decision that morning. we would tell those individuals to contact securities firm to review their legal rights. arbitration has different rules. each case is heard on its own merits and we encourage everyone to get a consultation to see if it is the best path for them. >> are you surprised there haven't been more complaints or lawsuit concerning the restriction of trading that happened a year ago tomorrow. >> you know, i'm not because there's been a narrative in our area of practice where online broker firms like robinhood, td ameritrade or schwab often get a pass because
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individuals in our industry believe they can essentially do what they -- they -- they want to do. we believe that narrative needs to change. these firms like robinhood and other fintech firms and krypto exchanges need to be held accountable when they fail to act in a commercial and reasonable manner. >> jose', we hope you continue trading, best of luck to you, we appreciate you joining us, and thank you, august. >> thank you. >> thank you, melissa. >> by the way, we reached out to robinhood and it said they have no further comment on the case $30,000 is not going to break the bank for ron robinhood but could cause these firms to take notice, karen, if more people are awarded claims, damages. >> you would have to think how many people were in that same situation, that same time i don't know if they're doing all these one off or what. i also don't know if they are
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insured for that i'm not really sure. they seem to have other very large problems right now. >> right now the issue is simply the stock which is in free fall basically but this highlights the existential risk to this business model, not just the volatility not knowing where the volumes will come from next, but also the payment for order flow issue, the issue of traders like jose' not going back to robinhood after this experience, guy, there are all sorts of other things that may hang over rondeau shares. >> -- robinhood shares. >> no question about it. and one thing robinhood highlighted as a potential positive was the fact interest rates are going higher that should help it's like disney coming out saying they are putting more hippos on the jumbo cruise ride to hope more people will join it, it's preposterous if that's the straws their clutching at
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they got to start drawing from new straws i will say this in terms of robinhood, the only thing innovative about the company was the hair and the name, they will trade north of 100million shares and typically 16, tomorrow might be your capitulation day with all of the bad news out. >> if you put $5,000 into hood into august top you would have $600 now that's how far the stock has fallen coming up, are serious shares set to snap, concerned autbo this trade ahead of the upcoming earnings next. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in free?
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check out sirius xm finish in the green and options traders the think it could be headed in serious trouble. >> implying a move of 10% by the end of the next week, considerably more than the 3 or 4% it's averaged in the last 8 quarters it traded 17 times it's average daily put volume today, that was the result of a large purchase of the february 4th expiration 6
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strike put saw 23,300 of those trading for 20 cents and buyers betting it will fall below $6 price after last week after the 20 cent they paid to suggest that implied move could be to the down side. >> thanks mike, "options action" full show tomorrow 5:30 p.m. meantime, let's hear more from julia boorstin. >> tim cook repeatedly reiterating on the apple earnings call underway right now that the supply chain constraints are going to be improving in the march quarter and asked whether apple will rethink its supply chain strategy and said our supply chain is very good, considering the shortages, it's fast moving and little distance between chips being fabricated and the product going out so positive potential for the supply chain
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issues to moderate in this march quarter and shares now up about 5% melissa? >> julia boorstin, thanks for epg pted. up next, final trades. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪
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still watching shares of robinhood which are down a stable 12% because it's been down 12% pretty much all after-hours session long by the way, in the earnings deck, this is something interesting, robinhood in the context of its losses uses the color green. so when they talk about profits they use the color green on the bar charts and when they talk about losses they use the color dark green we're watching you robinhood stock is down 12%. now final trades, around the horn, brian kelly? >> i'm going to say something really important, apple. have at it. >> karen >> yeah, i don't know how it ended up a secret dan appreciation day, but dan said something else smart, bank of america are actually short-rate sensitive. this is good for them. bank of america is my final trade. >> dan >> yeah, here's another smart
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little pearl here, snapchat is down nearly 40% this year, this year, 2022, down 66% from its all-time highs in october, i think you start picking at this one. >> guy >> mpc sister, going higher into earnings. >> thanks for watching "fast money. my mission is simple, to make you money i am here to level the plain field for all investors there is always a bull market some where i promise to help you find it. "mad money" starts now hey, i am cramer welcome to "mad money. i am gjust trying to make you some money my job not only to entertain you but to make you money. call me or tweet me

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