>> 10 seconds. >> global crypto and coin as diversification play to play on crypto but allowing you in a little bit to the exchange stability and they're a winner. >> great stuff you beat the two-minutes, see you next time in overtime. don't miss tomorrow's show, another big lineup with ricky sandler and nancy davis as well. "fast money" is now. ♪ live from the nasdaq marketsite in time square, this is "fast money", i'm melissa lee, tonight's trader lineup, guy adami, tim seymour, karen finerman and steve grasso. ahead on fast kohl's reports new bid for department store chain, which trader is nibbling on this plus baba-boo yah as jim cramer would say, if you placed your bets on alibaba watched bottom line go boom monster rebound on the stocks. and later, ibm now the time

to buy, bold call on a stock heading in the wrong direction for over a decade. starting with powell rally, stocks falling sharply after the fed announced first rate hike in three years, when chair too the podium calmed fears sending s&p back up more than 2% closing at the highs the day, so what exactly did he say that got stocks rallying again? steve liesman we turn to you for the answer >> i got wax in my ears all i know we have lift off as the fed raised interest rates by a quarter percentage to 2.5 to 0.5 and firmly signalled more rate hikes to come. expects to give balance sheet reduction in a coming meeting andfed chair j powell said it could come as super as the next one in may further, powell was clear if inflation is not seen coming

down as expected the fed could in future meetings hike rapts by more than a quarter point. >> we'll be look ago the data as they come in we'll be looking to see if the data show expected improvement on inflation and look at inflation outlook and make a judgment. each meeting is a live meeting, if we conclude that it would be appropriate to raise interest rates more quickly then -- then we'll do so. >> the fed also surprised markets with a very hawkish outlook for rates forecast seven quarter point hike this year up from three and four in 2023 and 2024, the median fed forecast 2.8% above the rate of 2.4 even then inflation doesn't come down to the 2% target rate so melissa i'm going to stop it there i didn't hear anything that would make me happy about the outlook for the fed. i think they did more than we

thought they would do and i think they may do more yet still. >> more than we thought they did, although, saying that every meeting is live and possibly going seven times is exactly what the market, the stock market thought he might do even as early as january. i don't know, tim, what does your take on what the chairman said today >> i thought he -- like steve -- if anything, what he said was more hawkish tone. we had bullard indicate he'd go 50 when i heard every meeting is live and stressed the need to be flexible i heard it the other way, as a fed that will continue to be data-dependent and are not going to over step their bounds. they want to stay the course and get price stability back and that was renounced over and over again. i think that's very important for the market here. i think the market wants the fed to be strong but i think the market wants to know the fed is not going to over step their bounds look at the 2-year note as the

barometer for fed expectations around 2:00 we were at 187 we shot straight to 2% and closed at 1.03. when i came in tonight i told mel, what did powell do to dial it back. she said i don't think so. because to me when markets had started to rally back there was nothing in the commentary other than the fed will be flexible. >> unless there's an expectation, guy, could powell go full hawk, if there was some expectation he would be more hawkish maybe this is the relief rally? >> aj hawk, kitty hawk, hawkeye pierce, he trumped them all, he was full on even more so than in november to be honest with 215 when market was cratering the s&p was trading 42.51 or something i'm like yep this is going to extend

we're going to continue to sell off. 100 point rally in the s&p last hour and half of the day, i have no idea where that came from, color me confused as well. that's typically the state i find myself in, even more so today. >> the market wanted clarity i agree with tim it's a matter of, there were still market participants that there would be a 50-base point hike, the fact it was 25 was a relief for the overall market. >> today there's expectations of 50 today. >> but the important thing tim said was if they're flexible to the upside that means they will be flexible if they have to move sid sideways, that's the way i took it. >> oh, to be not as -- okay. >> -- but maybe that's not the way you meant it. >> no, no, no, you're fine color me as confused as anybody. look at the dollar that rallied a upon the announcement that gave up 70 basis points, and the lowering of yields is a market telling you we think the fed is not going to be as aggressive as

this said, a $30 rally in gold from lows to the highs, again, i don't think that's massive move, about 1.5% move but people were expecting gold would start to sell off if you really felt the fed was going to be more aggressive i think the market told you they don't believe the fed. >> karen where do you fall? are you in the camp of confusion? >> i'm definitely, fully in the camp of confusion. but if steve and tim are in the blue dress i see the gold dress, whatever that thing was. >> thank you. >> i see the seven hikes are the default. >> yeah. >> that's the default. so it's not auto pilot that's different that gives them a little bit of an out if, you know, if data is really bad but i see it as a default. this was very, very hawkish. i was thinking wow, guy must be loving this. maybe people are optimistic that he will get a handle on inflation. i don't know seems behind the curve to me but

if you had told me everything they were going to say and every answer to every question asked in the press conference i would not have told you up 500 i mean, this is very surprising to me. >> steve, you want to get in liesman? >> well, i'll just give you two quick explanations, one is that -- you guys will know this better than i do -- maybe there's a whole lot of money hanging around that's not buying the dips and you hit a trigger point in the computers and just hit a point and decide to buy that's one idea. that could be explained by the rapid movement you guys were talking about. the other thing similar to what karen is talking about, i do hear exceptim -- skepticism that maybe the fed won't do this or b, inflation could get out of control. there season idea that possibly the fed could do this to pull it

off, and maybe there's certain optimisticiviiismism that it optimism that it doesn't go up as much but i'm with karen seven is the baseline or more. will the fed do more a heard the chair talk about doing 50s if inflation doesn't come under control ffrlz and i made a report, that 2.8% in 2023-24, above forecast is above neutral surprised me the most. it's a big deal to me. >> he also talked about the r-word, took that off the table as far as he can see. >> for now he sees a strong economy and that's another thing that may animate the market a bit, right i mean we still have 3.7% unemployment rate. we still did 1 million jobs in the first two months of this year they're still looking at growth

above trend. so all of that is good as i said 100 times on the show, the argument you guys should have is not necessarily about earnings, it's about valuations. we've seen companies very successful in profiting amid higher inflation and boosting dividends and boosting buy backs. companies are doing fine, balance sheets are fine, all of that you have going for you, only question is what is the valuation relative to funds i know it's a big question but not the question about earnings or growth. >> karen, you want to get in >> yeah i do, so steve, looking at the -- you know, we keep hearing about the median, if i look at the median it looks like there was a whole cluster around wherever the 24 rate is and a few that were much higher so that median we hear as average but it wasn't really the average. >> no, that's right, that's one reason they do the median because sometimes you have these outliers but i've done couple

reports on mid-western hawks you have your waller from st. louis, bullard from st. louis, george from kansas city and there is a group of more hawkish fed officials that want to do more to address inflation and want to do more on the balance sheet. i think what you saw there, the reason there was only one dissent and not more, with the balance sheet thing, redewhursting the balance shee wrooe deucin reducing the balance is something thrown to the hawks, we'll go to balance sheet fast as possible and you stick with this right here. and also, remember you're going to do 8.5% on cpi at the minimum in the month of march when it comes out in april could be 9% i think 50 is on the table and i'll be listening very carefully to see if that is firmed or not for the next meeting or the one after that.

>> steve, always great to get your take. thank you steve liesman. >> which it was a more optimistic report. >> another time maybe now the investment officer joining us great to have you with us. you think this fed path as laid out is going to cause market pain , why how? >> i think it's a very difficult thing they're trying to pull off. what we heard today is what their plan is, and via their forecast what their hope is how the economy sort of absorbs this the assumption that the fed is going to raise this year to almost 2% raise next year to 3% and then will be very little economic repercussions or very little unpacked markets, i think is -- is highly misplaced. and look within the fed's projections. they think that the unemployment rate through taking the feds funds rate from 0 to 3 will magically stay at 3.5%

the reason i worry about this, something i talk about for a while is that you can't separate out the cost of capital, the direction of the economy, and the direction of markets, because we have credit cycles that ebb and flow with the cost of capital for the cost of capital is now going higher so there's going to be a negative economic reaction to that, a negative multiple reaction in markets and i don't know how we can sort of skate through this cleanly as powell hopes we can do. >> peter, it's tim look, i share your skepticism on equity markets, significant skepticism, i think is warranted, but help the confused here as we all profess to be how does the dollar give up 70 basis points off interday high and how does the 10-year go all the way back down to 219 short end of the curve give something up what was dubbish in the

interpretation because it was hawkish. >> it was hawkish and that's why the 2-year moved 9 basis points. what the bond market said to you is, yeah, he hopes to raise and growth is going to slow. so now, you have the 5-year yield, the same level as the 10-year yield, 219. and if the economy is going to slow in response to the now "hawkish" powell, well, that could end up being dollar negative. >> look, people talking about this federal reserve orchestrating a soft landing, i don't think this federal reserve could orchestrate don giovani if mozart was playing piano -- what am i missing. >> what you laid out is what he hopes to take place but because i talked about the interrelationship between monetary policy, markets and economy, it's almost impossible

to have a soft landing it's just a question of how much disturbance will powell tolerate in terms of how far he gets in these rate hikes what happens if the s&p 500 is down 25% is he still going to go ahead with 7 what happens if in q2 mr. a minus sign in front of gdp even if inflation is high, is he still going to do 7. it's what his game tolerance is will dictate how much he can get away with in terms of hikes this year i think it is almost dill dilutional to think there's not going to be a market impact to see how the markets have been medicated on cheap money so long. >> peter boockvar, thank you karen, do you buy this rally we think we're in the clear.

we got a game plan from powell we're good >> i bought things and sold things, for me it was a pretty busy day i had some spider calls left, i sold those i think it was a good day, actually, for low pe-stocks. i know it seems counter intuitive because the real high ones ran but i think we'll be turning back to more value-oriented ones. so -- but -- on top of all of that i was confused was probably the most important thing and then we'll get to it later but there was positive housing stuff, i bought some zillow one buy two call spreads that was over done and interesting. so it was a busy day. >> the problem with having an all-clear is we don't have putin out the way. could have powell out the way but could get a negative headline tomorrow. so you have to be cautious about the rallies in the marketplace when you have a mad man still in russia that's the only hesitancy i have

but raising rates, what's it do for the economy? it's not rhetorical. we're already slowing, if most of this was a supply chain itch di of this was a supply chain disruption or if you are thinking of inflation doesn't it put too much on the consumer and on corporations. >> steve alluded to the fact inflation might come down and we could have cease-fire tomorrow and sanctions could come off in a very long time we don't know the path. >> i agree and you if you look at oil pre-invasion levels, commodities are well on their way, and i know it sounds like the cliche you don't want to hear but this was a bear market, federal reserve rally, i think we diagnosed some the dynamics yesterday, very over-sold conditions relief in wheat and oil. you were limit down in wheat and couple other softs and some

bulks gained ground. good news for equities but 225, 10-year is different from 150 10-year. at some point two-year note is attractive place to park cash and so dynamics to pay attention to. >> we heard that from jeff gundlach on the previous, he said he would rather the 2-year over cash guy? >> well, and you should listen to him when he talks, you know and also, i think, he echoed, he said it before, he reinforced some the things peterjust said now, he doesn't see a way they orchestrate us out of this i agree. today didn't make a lot of sense to me. i know we'll try to explain it, to me, there's no way to explain it, other than this, we said this dozens of time, karen said it last week, the most violent rallies take place in markets that are headed lower and i think that's exactly what we saw

today. >> coming up, we've got a dup ex housing trade, lennar on the move, after-hours stocks next. and later -- me arckorstbus and later -- me arckorstbus trade in two #1 most trusted wealth manager. ameriprise financial. advice worth talking about. hey businesses! ameriprise financial. you all deserve something epic! so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like one's that re-opened! hi, we have an appointment. and every new business that just opened!

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♪ welcome back to "fast money" earnings alert on two after-hours movers shares of lennar and williams-sonoma on the move williams-sonoma raising the dividend by 10% announcing $1.5 million buy back and lennar coming back better than expected tim go to you wsm. >> down 35% into print 18 times not expensive. certainly depends how much pull forward they have in their business they should have margin pressure but this can is in an up swing, major component of the hhxp if i'm in home builder space i'd rather williams-son only you. >> i -- i agree the it's due for a bounce but if the economy is

going to be slowing i don't know if you want to be here but this and all home builder space are acting the same if you have a quality anytime like williams-sonoma may be insulted from the down side. >> unless you think the economy will slow, the high-end consumer, guy, has great balance sheet, pay down debt and can afford to buy -- >> -- ledather chairs. >> good point, don't know if we got those at wsm i know we got the dutch oven in the kitchen from there. >> come on. >> i will tell you, they missed the comp side but look at 21% operating margins. really impressive given what they did this quarter last year. you could make the case valuation better than it was i think to tim's point given the sell off, i think buy williams-sonoma despite the move higher in the after-hours. >> we've gone through the discussion without a mention of a dutch oven kohl's soaring more than 17

following reports that canadian department store hudson bay is eyeing buy out of the retailer karen, is this is one reason you were so busy today >> yes, way i was happy. that was good. first when stock was up, dow jones reporting it put a fire under it i think it's likely it's true. i don't know what the board will do however i bought stock trading at $61 and change i thought was too cheap for what sounded like a high 60s bid. another thing i did was 1 by 1.5 call spread i thought was pretty attractive i feel like the pressure is really on the board now. i mean, the stock did not respond well to their plan when they did investor day a week or two ago so i think a chance for a deal here is pretty high. >> whenever you start hearing things like this it always expands and you hear more about

it or there's another party interested or somebody looks under the hood like karen and says it's worth more than it is on paper so people start to do a lot more investigative work. this has been trading range from 65 down to 45 but i think the next days to come are probably you would err to the upside if looking at the stock on a technical level. >> guy >> got that amazon wild card out there we mention a lot of times, i get added on twitter all the time when i mention it, but you can't discount that. i think it makes sense can't argue on valuation maybe operationally they've been challenged but valuations are compelling. if you get people behind it. what's the recent high 77, i think it gets there. >> all right we're just getting started here on "fast money." here's what's up next. >> announcer: guy's great call, guy adami said alibaba was ready to rallynd he was ready, what's his fast take on the high-flyer

now. but the chart master with his credit card out is buying up payment stock, what name is he swiping into that trade next. you're watching "fast money", live from the nasdaq marketsite in time square, we're back right in time square, we're back right after this our lives and think, "i wish i'd bought an even thinner tv, found a lighter light beer, or had an even smarter smartphone." do you think any of us will look back on our lives and regret the things we didn't buy? or the places we didn't go? ♪ i'd go the whole wide world ♪ ♪ i'd go the whole wide world ♪ c'mon caleb, you got this! and if you don't, there are other options! umpire: ball! good eye! good eye! eyes are good for lots of things. like reading! be the best, caleb! statistically impossible, caleb. umpire: strike three, you're out! you'll get 'em next time!

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welcome back to "fast money." it's been a rough couple months for the company formerly known as square, the stock has fallen more than 56% from august peak but today reversed popping 12.5% and chart master says there's more gains to come, let's get to it carter worth, hey, carter. >> hi there. for start hes, the move is not unique in the sense there's a lot of big moves

snowflake up almost 16 mongodb up about that much draftkings up. if you look at the russell 1,000 the common circumstance of the stocks that move most is they're the most beatenum beaten up. let's go to square first chart 71% peak to trough decline 290 high in august long time ago. may id a low, this is key, february 24th almost three weeks ago at 83. if you remember that chart, let's look at the next one. exact same time frame. what do we know, we moved above a well-defined down-trend line and we've put in the early makings of a reuniversal doesn't matter if you call it head and shoulders bottom. the key is it's been underway for three weeks and many others are making new lows as recent as

one, two, three days ago exact same charts but longer term begs the question when you start to bottom is mid-air stick save did it happen out of nowhere no look exactly where this stock starts to bottom, at support. that line drawn along the top is simply the peak before covid and you can see it is a well-defined level, the stock found support, down 71% and started to bottom three weeks ago and today's action confirms, final chart doctor well, -- well, two more there's the minor head and shoulders bottom and final chart. most important where it might be headed simple exercise would be back to the smoothing mechanism 150 day moving average, it's up at 190 but remember it's declining quickly. so i think the to meet price and smoothing mechanism around 155 is 30% higher from here. >> 30% higher from here. wow.

carter, thank you. >> you bet. >> carter worth, worth charting. >> you got a total visual when he referred to the mid-air stick save. >> i have no idea i know you know. >> absolutely hockey metaphor. sorry to interrupt, your show. >> guy, back to regular programming here, you're nodding your head on the charts. >> i go to october 2018 the stock square made all-time high 93 and carter drew the lines for you, they draw themselves take a recent low and get 175ish dollar stock and given the environment we're in that's not that far-fetched, mel. >> karen, how do you feel about the valuation? still >> well, it's lower, right is cheap i don't know but it deserves to have a premium for this space, i think.

so, it's actually somewhat appealing to me. >> traditional names -- >> -- i got to say i did buy some affirm. >> so the traditional names like visa or mastercard under performed all of the new tech banking stocks, whatever you want to call them, dejour but if you look at sofi now it's down 45% pretty recently so the chart doesn't look dissimilar to a square chart but the problem is has not bottomed yet as square has so if on the risk curve this is definitely a riskier now but have a lot less down side if you want to dabble in sofi as well. >> if you look at gross margin on a two-year stack that's most important, you're at 71%. if you look at the multiple, it's probably about 8 times eb, the pandemic low 5 to 6 times. interesting relative to itself i do think the stock's interesting here. >> all right, speaking of

payment stocks, here's sneak peek of the cramer cam, jim talking to the ceo of american express. catch the full interview top of the hour on "mad money." coming up, amc going for gold, the head-scratcher of a deal that surprised investors. batter's up we have a fast pitch with the name and much more when "fast money" returns. >> announcer: get your trades to go with the "fast money" podcast. catch us any time, anywhere, follow today on your favorite podcasting app we're back right after this.

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nk is welcome back to "fast money", shares of ibm have been stuck in the rut for years, drop by over 35% in the last decade but our next guest said big blue could be due for a big break out. taking the mound for fast pitch for ibm, catherine on the fast line, why do you think now is the time the stock will break out? >> hi melissa. thanks for having me

this is a transformation company and this company hasn't it grown in years but they are moving from low growth to high growth, focused on red hat, cloud, software, and i think with the new ceo in place i think we're going to start to see many more changes. in this last quarter we finally saw the spin off with kind relsaw an acceleration in eps top-line growth, expected to grow 20% eps this year and another 20% in 20223 the stock is trading at 13 multiple, a 30% discount to the s&p 500 and on top of that, 5.3% dividend yield 25 years of dividend increases 9% free cash flow yield double the dividend yield on the stock. this is the type of stock we

want to own in a rising rate inflationary environment, low pe, high quality, above average dividend yield. >> karen, you got a question for catherine? >> yeah, so, over the last decade or so they spent a ton of money on buy backs which turned out to not have been a good use of cash, what's their strategy now with buy backs? >> well, i think as we continue to see the buy backs we saw a lot of the -- you know, the company has a very, very strong cash flow which has gone to pay the dividends, the company has also used to to strategically get into higher growth businesses and i think we'll continue to see the buy backs continue as well the dividends yield as said in the last call is continuing to be sacred for them and we can expect to see those dividend increases continue, i think it will be a combination of both dividend increases and stock buy back. >> catherine, it's tim thanks for coming tonight. talk about software growth,

high-margin business in one we're relying on to see this revalue. >> yeah, 20% growth we saw in the last quarter will probably continue to see that accelerating at that 20% growth rate. 8 to 9% revenue growth for the company. is what the company has guided for us i think that's going to continue you know, we are coming into a cap spending cycle, i think now we're past the pandemic, we've had a lot of supply chain dislocations going on, companies are going to start to look to reevaluating their internal infrastructure and how to enhance their productivity. companies have seen issues trying to build new facilities and engines, et cetera software is one of those places you don't really have to deal with the supply chain dislocations and still at the same time be able to enhance your productivity. i think we're coming into a new cap spending cycle for technology. >> catherine, thanks for sharing

your fast pitch with us tonight. see you soon catherine avery. no more questions we're going to vote are you buying katherine pitch on ibm guy? >> mel can you read my smart board please. >> gary cohen # gdc. >> yes, as you know, mel, typically, historically there's three certainties in life, death, taxes, and my jump shot i will add a forge never bet against gary cohen now a year in as chair at ibm if anyone can figure it out it's gdc. >> i'm a buy. >> wow. >> i think it's a nice, solid line drive up the middle doesn't need to be a home run but if you think of ibm they found a way to give you mid-single digits revenue and more importantly giving you 10 to 15% free cash flow yields in this environment is defensive.

>> what's your vote, karen >> yeah, so i'm with the boys there. this is a not so clever incorporation of the ibm logo to say i buy. i like cheap valuation is always interesting, to me, hopefully she's right about software and better margins, so, interesting risk-reward. >> steve grasso. >> it's a sweep. >> wow. >> it's a sweep and i think it could really turn into a growth company where everyone looks at this as a secular bear story from 200 down to the recent levels and starting to build the base, if they change the narrative, i think it's a buy. >> you know what that means? >> poor girl on twitter. >> going down. >> the traders have spoken are you out there buying katherine pitch on ibm, vote on the twitter poll, we'll bring results later in the show. but next alibaba surges, stocks

soaring back, we'll break it down next. plus, stake in small gold miner and someone or group of someone made a well-timed bet just days before the dl.ea we'll go inside the numbers. we'll go inside the numbers. "fast money" back in two for over 50 years, pimco has reinvented fixed income to create opportunities for investors in every market can build the bondstter what hu that mean the most to you. pimco, a global leader in active fixed income. alright, so...cordless headphones, you can watch movies through your phone? and y'all got electric cars? yeah. 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,

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welcome back to "fast money." alibaba going bonkers, shares up 36% today. if you saw last-night's show you might have remembered one of our traders seen it coming, let's fire up the fast take money machine to hear from guy adami. >> i can smell the fast fire from here i think you will get 15 to 20% rally from alibaba from these levels. >> wow guy, what's your take now? >> well, you know, we pointed out the volume we saw over last couple days, i thought it would bounce, didn't think it would happen today, didn't think it was going to be 35%. but i'll say this, alibaba is what $300 billion company moving 37% in one trading day the market is completely broken. and quite frankly you're still in a significant down trend from halloween, boo, of 2020 to where we are now

nothing's changed. again, single-day move, 150 million shares. if you were fortunate enough to be long this stock yesterday's close i think you got it, you absolutely have to be taking money off tle here. >> tim, what do you do >> i think something changed, great call guy i think it's a case where you have, first of all, a regulator pointing out that in terms of some of the listing requirements where china wants to play ball and be a member of the global money center banking and capital markets community, they do, that's part of it. i think you have some cap structure org going on and some people short got ripped. look at em also i've been trading it a long time, up 8%. when you think of the component china and china adr's have there's more room to run. >> i understand it was relief to investors but the exact road map is still unclear they addressed the concerns a

step forward but i don't think there's much clarity. >> it was about delisted and then about coming out of growth, going into value great call by guy. when you look at at chart like this no one wanted to dabble especially people exiting all russian related trades, people wanted to exit all chinese-related trades i don't know how long this lasts but great technical call by guy. >> karen, does this rally today change your view at all about alibaba? >> that it's valuation-torn, no. it doesn't. it also doesn't make me want to buy it i can't look at it today, sure i wish i owned something up 36% today but if i had to do over i wasn't going to buy it yesterday. but guy would have and tim would have so kudos to them. that's okay. i'll let this one go. >> all right now a venti-sized change at

starbucks after ceo kevin johnson will retire next month and founder howard schultz will come back while the company looks for a permanent replacement, this will be his third stint, and johnson the second high executive to leave in the past year former cooros brewer left to become ceo of walgreens. the timing is interesting, kevin said he wanted to leave the company at end of the pandemic, told them that a year ago, lines up with the time of departure, what do you think? >> i don't know. i feel like we're not quite getting the whole story. i don't feel like wow things are going fantastic so i'm going to leave at the beginning of next month. that doesn't quite seem right to me and i do think the timing of her leaving, maybe they told her, hey, we're not ready to give you the ceo job, i don't know. or maybe walgreens was too attractive i don't know, something is odd

here all that said though, you cannot get a better interim ceo than howard schultz for starbucks that is the very, very best you can do so it's in good hands in the meantime i don't own it, it's -- it's fine i think at this level i feel like there's other more compelling things out there. >> i mean, does howard schultz bring his caffeine to the stock here stock that's been having trouble, tim is this. >> it's been a disaster and we talked about some of the margin pressure and issues they have in terms of labor and also seen down grades in terms of the growth based on the china growth story. and the boomerang ceo story you have to be careful about it because not only it didn't always work for yankees and billy martin, foot note our executive producer referencing yankees hiring billy martin over and over, but sometimes ceo's come back and are not relevant to the business and in schultz's case that's possible but

starbucks has. >> issues in terms of growth and head winds i will stay a shareholder but i think they're struggling i think the core brand is alive and well but there's things in terms of the labor force and their ability to have pricing power from here. they have ratcheted up prices so much. >> tim doesn't sound very positive, guy, about howard schultz, are you >> well, mel, as you know, you're a big hockey fan. >> huge. >> you remember when rangers put messier in the early 90s and the cup in 94, he left to play vancouver but when he came back was a shelf his former self and not into it. i'm not suggesting mr. schultz is a shelf his former self but have to wonder how into he's going to be. i'm with karen on this one, it doesn't pass the smell test to me. >> there is a scarcity value in this space and the stock has been sold off considerably i think when karen started making before the smell-test

comment, i think the shareholders will actually feel pretty comforted that he is around, at least at this stage. >> all right coming up on options, the call-buying ahead of the amc gold miner deal that got us raising our eyebrows, we'll bring details next. and still time to vote on catherine avery's pitch are you buying ibm, vote on our twitter poll much more "fast money" after much more "fast money" after this0 to split across the top five stocks in the s&p 500®. you can also unlock short videos, step-by-step guides, and other easy-to-use tools designed for people just getting started. plus, investment professionals are on standby 24/7 if you ever have a question. it's the smarter way to start investing. ♪ make fitness routine with pure protein high protein. low sugar. taste great.

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welcome back to "fast money." amc making headlines after deal to buy a major stake in a small gold mining company but there's strange activities in the options that had our own zhang scratching his head, tony joins us to break down the action, what did you see >> yeah, melissa, high croft is a stock that doesn't see a lot of volume normally before march 8 was averaging under a hundred contracts a day but over the past few days started to see 5,000, 10,000 even over 30,000 contracts created of the march $2.5 call options which expire just this friday this is mostly retail volume trading the interday volatility

we did see april $1 by $4 call spread today at 55 cents that may reflect a longer term view now that the news is out expressing this stock could rise up to roughly the $4 level it does this will pay out a 5 to 1 risk/reward ratio if we see staying power >> i love the review karen, what do you think definitely raises eyebrows. >> of course it does, it's ridiculous money management firm decided we need exposure to a small cap, not gold and silver, development of gold and silver, stat. we need it by friday come on. that is ridiculous i don't know i mean, i feel like you'll spend more money in lawyer fees than you could make buying those. >> the market company of this company is $80 million on a good day so i don't get it.

it's certainly not changing the trajectory of amc's business, sorry. >> tony, what have you heard in the past in terms of regulators looking into suspicious activity like this? >> yeah so from what i can tell this is mostly retail trading intraday, day-trading, not necessarily institution alibiing of insider information but certainly this is the more obvious way to do some insider trading and this is not something i think someone is doing some insider trading using options, in my opinion. >> tony, thank you, tony zhang sniffing out the action for us, more "options action" friday at 5:30 eastern time. by the way there's still time to vote on catherine avery's fast pitch, are you buying ibm vote on our twitter results. got the results and final trade got the results and final trade next

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welcome back time to find out if the viewers at home are buying catherine avery's pitch and looks like

twitter universe was not jumping on board voting against the panelist who all voted in favor, 68% not buying ibm. >> never had a chance. >> i know. time for the final trade let's go around the horn karen finerman >> yeah, i sold some paramount upside calls and stocks rallied back from the earnings miss, it is now higher, so take a little money off the table. >> guy adami >> great hire, good for insurer, pru, mel. >> tim seymour >> bank of america so banks have rallied back and i'm a little cautious on this rally overall but i think some questions have been answered for banks in the last couple weeks i think with better commodity prices, a little less concern on that and higher rates are still very good for banks, like bac. >> starting to look at value bucket, dupont caught my eye, bounced off recent level $69 the

october 2021 low, i would look to start gaining a position in here or adding to it or staying long. >> all right, thank you all for watching "fast money" see you tomorrow for more fast meantime don't go anywhere "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 other people want to make friends, i'm just trying to make you some money my job isn't just to entertain you but to educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. wall street. you know what we do here trade stocks of individual companies, not the federal