the jobs market, i don't think tomorrow will be the day we find that equilibrium. >> steve, thank you. not to be too nerdy i read that there's some districts saying there's uncertainty about the pace of wage growth something to watch for sure, it's a big feeder into inflation. >> post-omicron see if that effects takes hold. >> that's going to do it on "closing bell. "fast money" begins now. >> live from the nasdaq marketsite in time square this is "fast money" i'm melissa lee. tonight's trader lineup guy adami has made it back into the house. tim seymour, dan nathan, brian kelly. tonight on fast traders are sounding alarm on wti and sharing gap and broadcom rallying after-hours earnings and we'll bring the latest on the quarters and riffian making a huge u turn on pricing

the stock holding strong despite all of the market volatility apple up 2% in the last week nasdaq 100 is flat . looking under the hood is there something going on with apple's valuation forward pe about 27 compared to s&p 500, revenue growth 8% versus 7.2% for s&p. so why does apple continue to trade at a premium does it deserve it is a flight to safety? is there a come upness coming for apple, dan >> i'd say it doesn't deserve it trading 27 times with the same expected eps growth as s&p 500 trading 19 times is really in line with the average over the last five years or so. a lot of "fast money" viewers may say i always have something negative to say. about apple. and, you know, i just think there's something funky going on here because why is apple levitating here, guy will tell you it traded down to where it needed to do last week to 200-day

moving average now at 152 but down 6% on the year, given everything we know about inflation, supply chain, international demand, a surging dollar, why is the stock trading like that? i think somebody mysteriously is buying it, guy, maybe it's your plunge protection team it just doesn't make a whole heck of a lot of sense to me i think the fed's like you know what, we can't buy bonds right now because they're tapering maybe they're buying the biggest equity in the world. i will kick it over to you, guy, if the s&p isn't falling apart and every other risk asset is sloppy then maybe that's what the consumer needs to see >> maybe because it's flight to safety, maybe because it has a lot of cash, maybe because it pays a dividend, maybe because it has pricing power, all of these things, pick one or all of the above, guy. >> let me first say holy beep it is great to be back here at nasdaq marketsite in time square you know i wanted to say that,

great to see you in person i'm with dan, something funky is going on but in a world of passive investing, flows go in re regardless, apple at the top of the heat, 350 etf passive money flows in finds its way to the stock. it was peculiar that it traded to 152 on 24th 200 moving being 150 or 160 and will bounce in preceding trading days i'm with dan, in a world valuation matters, apple is not impervious not. >> tim seymour, what is your take for a lot of people they want to be in quote/unquote high-quality tech names, the ones that will have growth no matter what the economic backdrop >> this is the highest quality and apple does have financial leavers in addition to a

diversified business model and higher margin service, with if you think of the buy backs and dividend and $50 billion of free cash flow every quarter this company has ways to be very defensive here it gets back to what is the multiple we're paying for apple historically i don't mean five years ago, i mean a couple years ago, this was 16 to 18 multiple they started to show the services revenue, given that mid-20s and your hardware was low teens. now there's no way to not say apple is trading -- first of all, if you are at $7 a share somewhere around street consensus for '23. 20 multiple, easy math 140. 175. you get to 30 multiple it's 210 stock. should anything be trading 30 times relative to the s&p in this environment that's the debate. if you think about where apple is an anchor for the s&p and for

the qqq's it's obvious 7% of the s&p, 12% of the nasdaq 100 and therefore supporting it and flows into it, defensive flows may be participate of the plays. people have to allocate apple should it trade like a year ago no because the market multiple is compressing and will continue to compress >> if you're a money manager and have allocation to technology and don't want to be in higher growth valuation names like software names or i don't know pick your poison in terms of the innovations taking a beating you might flock to a name like apple or microsoft for that matter. >> sometimes the simplest

explanation is the actual explanation. bk loves a good conspiracy as much as anybody else, i don't think it's happening like tim talked about, they are putting a premium on steady earnings you have a lot of cash who will get rid of their iphone nobody it's going to be the last thing. so it's like utility in an environment everything is uncertain, we don't know the earnings next year, apples earnings are probably the most predictable we can have out there. i don't think it's a conspiracy theory i don't know if they have to use your term a come-upness or not -- i use the word come upness in the conversation with dan -- we have to have a call -- >> the back-and-forth is horrible. >> -- and you made it sound like you thought apple didn't deserve it at all and ultimately the markets would fall because it is such a big part of the market. >> i think it's a really dangerous set up i'm not trying to cause everyone to run for the hills but if you think under the hood in technology stocks in the last 6

to 9 months half the nasdaq has been cut in half here. to guy's point maybe it is a flight to safety we saw it in the dollar this week we saw it in treasuries. okay maybe that's happening that doesn't mean it's a great set up here. because if the market is going to take time to find a bottom here and we're looking at so many names facebook has been cut in half. netflix cut in half. tesla down 40% from its highs. nvidia, down 40% these are big nasdaq components. the only things that have not broken yet are apple, google and microsoft. not in a meaningful way. i think that has to happen before this market bottoms in my opinion >> notice i didn't use a razor today. oddly enough i'm thinking what is that okem razor what bk was speaking of, obviously the simplest explanation is usually the correct one, that next book will be the bk book. i'll say this. it's odd in this environment when apple was a growth stock

five, six, seven years ago, it was trading at value stock multiple 13 types. now it's a value stock trading at 27 times. it's insanity, should trade -- not market multiple but 20 like tim says is about right. is going to 140 tomorrow probably not that to me is the right price for apple computer >> tim, i know you're in both names, if you had to put the proverbial dollar to work, fresh money to work today would it be in apple or in a name that got cut in half like a face -- meta, excuse me -- or a netflix? >> well, i'll tell you what, what worries me about apple is we just spent a lot of time talking about it, and i certainly talked about the defensiveness of the stock, i think it was one of the great beneficiaries of covid we haven't heard apple talk about gross margin pressure. haven't seen contraction in iphone segments. we really don't know what the

fed does to apple. that's something that concerns me if i had to allocate a dollar towards call it a -- do we say meta is a second tier of mega cap tech stock maybe. they certainly have been i put a dollar in apple over meta all day because i think meta has major problems that start with the word tiktok. if you ask about netflix, look, remember, i typically liked disney over netflix. i like netflix here. their growth was never supposed to be linear and it's been lumpy and i think they have a dominant streaming business and they're a stock that trades awfully. trading down to 380ish after those terrible numbers, actually bounced a bit and tested through those numbers. i think you're asking me, it's a would you rather, sorry i did that but i'd rather netflix over meta for my dollar of apple >> first he's not sorry, he loves doing it, i love it as

well, none of us play by the rules, we're seven minutes into the show you're like oh, my god i wish he would go home already. i will say apple and nike made decisions based what's going on with russia and ukraine, truth, that's factual god forbid something happens between china and taiwan, apple would be forced to make a similar-type decision and that could be really catastrophic, yes the word i'm choosing to use, catastrophic for the stock, that's probably for another show, mel. >> you say today there exists a risk because of china for apple. >> no question, there's absolutely a risk, china-taiwan tensions rear their ugly head and apple and nike and others would be forced to make a decision not unlike they just made with russia and ukraine it's out there you got to talk about it it's how big is the giant, 700, 800 pound that's the gorilla in

the room. >> it's big. it's giant now joining us to help make sense of this, jean, how many pounds is a gorilla. just kidding is apple expensive in this market environment >> in the near-term potentially. i think in the long-term it is to be determined, the long-term i do not think it is overpriced. in the near-term piece it's ultimately about what is going to happen in a geopolitical environment. to guy's point, essentially spot on, that effectively if there's more tension in taiwan and asia this is going to have a negative impact on apple. but i think that is near-term related. i think investors need to do a waiting here when you think about is under or over valued you have to weight probabilities. there's 80% chance apple continues to be a consumer staples company, a company we can not live without that has what i think exponential upside what they can do potentially in automotive and the meta verse.

we forget about those key growth opportunities for them in weeks like this. that's the 80% positive. that's the piece i anchor. that's the side that this is under-valued there is a 20% piece the geopolitical is environment is going to get worse and there's probably a 5% chance that guy's scenario could happen is that if something did happen in taiwan and china apple is going to be probably one of the first companies people will sell when you put it together my money is still on apple. >> jean, it's tim, i'm not thinking about the geopolitical, it's right now to think about it, i'm thinking about inflation, pull forward, gross margins and what apple is going to do in an environment the fed is raising rates, how are you handicapping this in your valuation? there's no question you have gross margin pressure and you have a company coming outside of the last two quarters has an incredibly high bar. >> it's got a high bar, it's got also a high backlog. there's still at this point new

products still 10 days on backlog, typically this time of year there is no baglog. it's rare to find a company with the results they have with the continued backlog. so as far as the bar and impact of rates when rates go up typically stocks go down it's obvious apple has not had that same pull back in anticipation of higher interest rates and part of the reason why they are probably more defensible in terms of managing through that best way to manage through higher interest rates is to increase earnings. they can benefit with price increases. we'll see what they do march 8th at their peak performance event. i suspect the pricing on their products going to be inching higher and they'll have a form of offsetting that second piece related to interest rates going up and impact on valuation is they can manufacturer higher earnings through buy backs. i think that is a powerful piece. and so, i think when you put

that together my concern is far less about what interest rates are going to do or the commodity environment, my concern is that 20% pocket of all these unknowns in the geopolitical side. >> don't fight the you if fed, yo . >> don't fight the fed, you don't fight the buy back you mentioned pique pea you mentioned peek performance. >> i can tell you the products will be a new iphone se, of course their low priced $400 phone. the product ran rangeds the product rangerss from $400 to $1100 and also the ipad air an the new max, that's probably not the right language, should say updates to those let me fast forward 230 what i thin let me fast forward to the fake

of take aways, peek performance events will be more just about an understanding from investors stepping back, is this -- they've done four events every year since 2018 and including the last two years, it's been tough to pull those off. they continue to release products in the face of some head winds we don't need to itemize those if you look at other companies and their ability to power through these head winds i think apple has stood alone and part of the reason the stock is what it is today. but i think that's going to give comfort to investors this is the 80% piece i continue to be confident about this i think it will continue to give investors comfort. don't overtime think thi don't over-think this. it is about a company that continues to operate at highest lex and set gold standards with a lot of head winds. >> jean, great to see you, thank you. >> thank you.

>> gene munster. so what is the verdict, do you pay up for apple because it's quote/unquote a safe haven in a storm or are the valuation too high for what the company actually is. we saw it in the pandemic people were paying out for consumer staples names driving them up to high multiples like a clorox and proctor and gamble and the valuations have come down since. >> yeah i go back to the fact apple is like a utility consumer staple think of all of the things they have we talked about interest rates they have a huge stock pile of cash even if they just invest that in treasury bills they're going to make more money next year. i see why there's a premium on the valuation in this environment. it doesn't excite me, i think there's a lot better investments than apple out there but at this point doesn't surprise me apple

is trading at a premium. >> i will say this, gene mentioned the ability to buy back stock and tim talked about free cash flow generation, and bought $20 billion of stock last year, last quarter, excuse me, so they're managing their earnings and you got to step back and say if their earnings in sales next few years only grow mid single digits why pay for a company 27 gross margins going flat and if their highest growth part is the services, if you look at all of the names outside of apple, those valuations are being contragted, okay, in the markets right now, if you are trading above ten times sale so to me you could see a re-rating of the piece everyone was so excited about over the last few years which was their services business. >> here's a question for you, a really quick one, if you had a dollar to put to work today, fresh money, would it be in apple or would it be in say the ark innovation etf

>> i'd by ethereum. >> off the board. >> that's where innovation is being built on that platform there's nothing innovation in the ark etf. you'd rather buy the nasdaq which is the ark with the good stuff, the magic stuff. >> coming up, one of our traders break down a big move in the energy space, details ahead, first, all over broadcom and gap up higher, digging into the names next much more "fast money" don't go anywhere

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with speeds up to 10 gigs to the most small businesses. so you can be ready for what's next. get started with internet and voice for just $64.99 a month. and ask how to add securityedge™. or, ask how to get up to a $650 prepaid card. ♪ welcome back to "fast money. we've got an earnings alert on gap, shares getting a big boost after-hours. the conference call is underway. let's get to courtney reagan following the action. >> shares higher by 8%, interestingly it was a largely down beat quarter for the global retailer reporting a smaller than expected loss thanks largely due to lower operating expenses and fell short on comparable sales and well short on margins for the full year earnings and forecast range are above the consensus. expectations were low for this retailer going into results after last quarter got hit very

hard by supply chain snarls and inventory dislocation, which did continue old navy the biggest brand saw fourth quarter comparable sales coming in flat compared to fourth quarter 2019. up 12% for the full year kparsed to pre-mandatory to pre-pandemic levels and struggling banana republic down 2%. lulu competitor athletic group 42% kpars compared to same quarter 2019 expected to hit -- -- online sales grew 44% in fourth quarter making 43% of total sales, the ongoing call, ceo saying they delay eight to ten weeks due to congestion on west coast ports in particular to

lead to airfreights at a higher expense. gap using ports on the south and east more and does expect the air freight cost to normalize by the end of the first hal of the year, not out of the woods yet melissa. >> were they long on inventory in sounds like an eight to ten week delay would lead to things just piling up >> yeah, well, yes and no, what was part of the issue they had higher demand in some categories then they were able to meet. shoppers were looking for items that were delayed in some cases eight to ten weeks and other items didn't sell well so it was a dislocation of inventory as the quarter went on they tried to rectify it by airfreighting in spending more money on in-demand holiday merchandise but in some cases didn't work out. >> courtney thank you. i feel this is a tim seymour name what did you make of this pop? >> look, i don't wear gap. this is not a gap shirt. you know

but look, i think gap is a company that was seemed to be broken coming out of covid they had restructuring dynamics, it worked in terms of the leases renegotiations, courtney stressing the issues of the online sale digital 43% is the big number and two-year stack 44% over 2019 is nice. look, the guy that old navy first half of the year doesn't sound great. i think is a company that had so much tail fwrrom covid and benefited from restructuring and going to see massive head winds on margins both in labor cost and pricing input. i think down 45% into this print that's why you're getting relief rally. i'm not chasing it, i don't think anyone should. >> let's get to broadcom, earnings call underway,let's bring in kate roger who's has been on the call kate >> that's right. the stock moving higher about 4% in after-hours trade after beating on both the top and

bottom lines, revenue in at $7.7 billion higher than the $7.6 billion analysts had forecasted. earnings with a big beat the company reporting eps $8.30 per share beating by 21 cents. more q2 guidance in strong $7.9 billion versus $7.4 billion expected that would be a 20% increase from the year ago period broadcom ceo said in the press conference -- broadcom record first quarter results were drink by strong enterprise demand and continued investments in next-generation technology by hyperscale and service providers. our second quarter outlook projects year-over-year growth to accelerate. the call as you mentioned is underway the ceo saying that essentially here its lean times remain extended and unchanged, still under going some challenges there. good outlook ahead, melissa back to you. >> thanks, kate.

bk what's your take abgo. >> listen all of the chip sector losing great if you want to buy the picks and shovels of the modern economy it's semiconductors no matt what you do in this world you need a chip before broadcom or nvidia, my favorite name in the space, i think they're great buys look at chart of nvidia, handsome, bottoming at 200 bounced off that and now we need a break out and off to the races. >> handsome is interesting operating margins at 60% for the first time in a long time if ever, that's great valuation, you can wrap your head around this we cast a spirtions with apple trading maybe 10 or 11% eps growth i like it here especially it sold off from 670

from december 30th melissa lee. >> we're just getting started on "fast money. here's what's up next. >> announcer: the most important chart in the market, commodities cruising higher and one trader breaking down what's in store. that high-energy trade, next plus rivian in reverse, is the ev maker still an electric trade? you're watching "fast money", live from the nasdaq marketsite in time square we're back right after this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones

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your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire welcome back to "fast money. commodities soaring since russia invasion of ukraine, with

biggest gain since the 1960s wti crude oil prices versus two year break bk calling the most important chart in the market right now. why is that? >> yes well, so listen, the two macro drivers out there are pretty obvious, what is the fed going to do? and what is happening in ukraine? the market for what's happening in russia-ukraine is the oil market, those russian bails are off the market and oil prices are spiking. on the fed side chair powell said today in his testimony he doesn't want inflation expectations to get embedded in the u.s. economy that's what the two year break even show, the marketis expecting inflation over the next couple years, two years, is going to run at 4% and lowe and behold a lot of that inflation expectation is driven by oil prices

this encapsulates everything going on in the market right now. so for the bulls, what you want to see is oil moderating, inflation expectations moderating and the fed maybe taking their foot off the break a little bit that's why i think this is the most important chart if you see oil spike and inflation expectation spike i bet you the fed will raise 50 basis points maybe not march but the next meeting if you get these two things continuing to move higher >> what do you think of the chart, tim >> i like it i think we've also truncated or condensed and made a higher octane velocity commodity cycle. take out your 2004-2007 playbook, it's game on, steel prices going higher, if you look at u.s. steel they're buying back a lot of stock, free cash flow generation for a company with a bad balance sheet, pardon the simplified term that's really what was going on and they're locking in cold war

steel contract prices year-over-year up 20% nothing anybody can do, we're seeing it across iron, ore, ad space, fertilizer, look at pod ag this is a story where it's part of the inflation dynamic even in the short-term where the dollar continues to trade higher, part of the key here is a lot of the companies not the commodities are better-run then they were in the early 2010-'15 where there was growth at all cost and frankly there wasn't the demand and supply side support. >> alkoa was final trade yesterday, it's the whole entire commodity complex including the related equities like the fertilizers. the ferts. >> that's like "fast money" 2010 ish. >> i know, classic. >> early melissa lee "fast money." >> very. >> and you're spot on to bring it up. i mean, jeff curry, not me, he runs commodities at goldman

sachs, he knows what he's talking about, he said about a month ago, i've never seen anything like it in my 30 years in the business. we're running out of everything. i'm paraphrasing a little bit, not that much. all of these names work, quickly.

cliffs -- clf, i bring it up because we're right at levels we topped out at in august of last year, critical levels. much more "fast money" right after this

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welcome back to "fast money. check out rivian in reverse

today. the ev-maker rolling back planned price increases. phil lebeau joins us, what a fees co. >> terrible. this is for all about-faces. what happened, it started on tuesday, when rivian said because of the higher cost for raw commodities, the inflation is basically through entire production system they're going to raise their prices from minimum 12,500 up to perhaps $20,000 particularly you have your particular rivian outfitted for the one they deliver to you. the backlash was strong with rivian customers saying we mayk.cancel our orders now they're rolling back the 20% price increase for existing preordered if you ordered rivian before you will not pay the higher prices this impacts approximately 71,000 orders, that's the order bank at the end of q3. we'll get a more accurate number

later next week. the updated pricing up 17 to 20% for r 1 t and r 1 f will be in place for future orders. the ceo sent a lengthy apologizes to the customer saying i have made a lot of mistakes since starting rivian 12 years ago but this has been the most painful i'm truly sorry and committed to rebuilding your trust. looking at shares of rivian this week, keep in mind, it's under pressure again and this stock has been cut in half since the beginning of this year we get the q4 results after the bell next thursday, that's also when they will give us an updated reservation number again at 71,000 at the end of q3 let's see where it sand let's see how many people actually cancel their orders, melissa there was plenty of talk on social media people saying this is ridiculous, i'm not going to pay another 12, 15, $20,000.

i committed to buying an r1 at a particular price that's the price i'm paying and that's why rivian has rolled back the price increases. >> phil, thanks. phil lebeau, with the rivian turmoil if we can call it that it's interesting, 71,000 orders that were placed and the price increase is between 17 to 20%. so how much would they have gained by grandfathering in the price increase versus how much they've lost in market capitalization and good will for that matter, dan. >> yeah we've seen companies do this time and time again people forget apple lower the original price of the iphone it was too high out of the gate these sort of things, little bit of a throw something against the wall to see what sticks. the difference is they only delivered a few hundred cars and created a lot of hype. the ipo at one time was the best branding they could have this kind of reverses it another thing is you had to have

a pre-order in to get a order in if you were a retail investor. now you're down in the stock and the car you were going to by is more xpensive, you are $1,000 on the line for that and you probably drop out of line. there's a lot of other cool competition ev's coming out rivera $130 billion company around thanksgiving last year and more than cut in half since that top and you have to ask if it makes sense they should hire you, you know, bring people in to have pow wows to think about it because clearly they didn't think about it this "fast money" thing doesn't work out you should go to rivian you would have thought -- i would have -- that tesla given this news, trying to draw parallels, should have traded better but didn't. at 900 level all-time high couple years ago we trade through and subsequently bounced from is now a level of re resi resistance, interesting we stalled there this week

>> as i understand it from our new executive producer coming in it's called crisis communication, which i do every night on this show right here. >> horse hockey. >> ha ha ha. brian kelly, does this prove tesla is number one, that it's got the lock >> no, it just prove that's rivian is terrible at both pr and managing their company i mean, this is awful. you're in an environment where costs are going through the roof and you have no pricing power and don't even have a product out there yet. it's horrible for rivian >> all right coming up, the real way to use crypto, our bit baller brian kelly is laying out how you should be think of the kroipt space. details next plus best buy bump anwees jumping after earnings d 'll show you how to trade this one when "fast money" returns.

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the future is crunk! (laughs) anything else you wanna know? is the hype too much? am i ready? i can't tell you everything. but if you want to make history, you gotta call your own shots. we going to the league! ♪ welcome back here's a sneak peek at the cramer cam, jim talking with the ceo of block, catch the full interview at the top of the hour on "mad money. don't forget you can have cramer delivered to your in box if you use the qr code on the screen.

is bitcoin a safe place to park your cash at the russia-ukraine rolls on, the crypto is up 13% since the invasion began b k said it may work better as hedge than safety play bk brought the charts >> bitcoin as a safe haven has been debunked by the volatility and also by the fact it's highly correlated with the stock market but something has changed here so bitcoin has been a very good inflation hedge when expecting inflation. fed comes out in november says we're going to crush inflation i don't need my inflation hedge any more, therefore, bitcoin falls but because we have the inflation shock from the russia-ukraine conflict you now have negative real rapts a wall street way to say inflation will run hot and bond yields will be

lower than inflation, in that environment you need something other than bonds and want the fastest horse in the race. bitcoin is we look back, have we seen this before is there precedent for this? sure look at the negative real rates in january 2019 before bitcoin took off on a run real rates went from positive to negative in march 2020, we had real rates starting to go much more positive and all of a sudden we had the covid shock and they started to get more negative, bitcoin took off and then just over the last week again we have a very similar macro set up for me, if you are looking for an inflation hedge and think things are going to accelerate you're watching wheat, corn, copper, everything go through the roof, hedge your portfolio with bitcoin >> it's interesting, i saw the 13% increase as maybe some people also interpreting bitcoin as this is a use case for bitcoin in this conflict, we have donations going to ukraine

by cryptocurrencies is and russia money make out of russia by cryptocurrencies. tim, what's your take on the rise >> i think it's also to me the great existential question around fiat currencies and big question around the dollar you know as much as there's a rally and safe haven around the dollar in times like this when the u.s. government and others can suddenly freeze $300 billion in assets makes other countries around the world say i'm not sure i want to be in this position i want to diversify away from the dollar this is bitcoin positive, dollar, negative and gold positive. and pgm's positive look, russia deserves what they're getting here the point though is central banks suddenly can play judge and jury and governments can play judge and jury especially when they are the reserve currency master. that's where we are with the dollar, our dollar, your problem, i think it's an issue. >> as bk said it's been debunked

as the store of value, digital gold, i know he doesn't mean that 100%, butten of the day it's less than $1 trillion market cap, bitcoin, and has proven the case for censorship resistance that's one of the main pill aers of the bull case for a long time still at under $1 trillion still down i don't know $25,000 from its all-time high. maybe just a few months ago in the fall, it doesn't seem that compelling it's banging around and acts like a nasdaq stock. i don't know maybe we'll see. the whole situation continues to go on and then it moves to china and we'll see if there's geopolitical dust up there if capital flight is the best use case >> if china looking what's going on with russia in terms of the impact the sanctions because of how tied the russia assets are in the us dollar they may be looking at other ways brian kelly. >> i want to add one more thing to dan's point

you know, there's another catalyst out there, beyond that, and it's something that tim talked about too, elvasalvador, know it it's a small country but they're doing a bitcoin bond and want to raise $1 billion with commitments between 3 and $500 million. they're going to take that money and build out their mining and also buy bitcoin for their treasury they're going to do exactly what tim's talking about and try to diversify away from the dollar last time we had a $1 billion buyer in the market, and real yields going more negative is when tesla bought bitcoin and bitcoin went from $35,000 up to $65,000. so again, there's another catalyst out there for it. >> tim mentioned existential risk a lot of people don't know about soren keepguard great crypto person. that's why you watch "fast money. i'll say this, bk, if this federal reserve were to blink, that could happen, they've been

spooked by the market before, that's your bull case for bitcoin in my opinion. >> coming up, best buy flying higher today retailer surging after announcing dividend news, has options traders diving in, tus. wn asmoy""ft ne rern

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in this unique consumer electronic space where so much of our lives have changed and we're using the tech more we're seeing not that consumer electronics is nice to have it's a need, a necessity , we need to to work and mostly right now we need it in our lives >> that is best buy ceo speaking earlier on consumer spending, the retailer surging more than 9% despite reporting under-wheming fourth quarter numbers and best buy announcing raising hits dividend about 26%. mike khouw, what did you see >> yeah so we often see well above options activity before a company announces earnings, definitely true for best buy and today traded more volume following those results and the bump on the stock price trading close to 7 times average daily

line one of the trades buy of 850 of the april 112/125 call spreads baying $8 for those betting on move of 4 to 10% in the course of the next few weeks. >> we like to play the game if you knew certain events would transpire in a certain way, how would you guess, you know, what would the outcome be for the day, the market, the stock, whatever so for best buy, given the numbers and what they reported, guy, would you have thought the stock would have been you 9% >> mel, what show is on fridays at 5:30? that would be "options action", i will answer for you, i only know that because 5:00 last friday i was on "fast money. please don't roll your eyes at me, please, it makes me upset. we play the game, what are we watching, i said best buy, the set up was good into earnings, all they need to do is come in line and you'll see the relief rally >> they came in line and

guidance underwhelming. >> operating margins not good. that means i think this rally will be short lived mel. >> yeah, all right mike thank you. we'll see you tomorrow tomorrow of course being the aforementioned "options action"s the full show at 5:30 eastern time up next, final trades. if you wake up thinking about the market and want to make the right moves fast... get decision tech. for insights on when to buy and sell.

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♪ time for the final trade let's go around the horn, tim seymour? >> 2005 playbook, mel, again, back to gold i think gold's going higher. gtx under performed and i think the miners are great place to be higher beta. >> bk, brian kelly. >> yeah, i like shiny rocks too just like tim. freeport mack copper and gold. >> wow dan nathan. >> fun conversation about apple earlier. i'll say this, people say don't trade it just own it, that's been the right thing to do but if you think the stock will retest that 152 probably going back to 140 so could take the profits. >> guy >> when we started the show like 30 people from the nasdaq here

within 5 minutes -- >> when we started the show today or 15 years ago? >> today, an hour ago, and they all cleared out. i mean, the energy in the room come on people, let's go why do i mention it? the nasdaq is too cheap ndaq >> thanks for watching "fast money" see you again tomorrow meantime "mad money" with jim cramer starts right now. "mad money" with jim cramer 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 trying to make you money my job is not just to entertain you but to teach you and then there were none i am talking about the endless slaughter of the great growth stocks of this year. something that dragged down the averages, do