will benefit because farmers will have more money in their pocket to buy farm equipment >> that was quick. i appreciate it very much. thank you. a quick reminder, don't miss tomorrow, legendary investor lee cooperman will be with us here i hope you will join us. that does it for us. "fast money" begins right now. live from the nasdaq market side, overlooking times square, i'm melissa lee. tonight's trader lineup -- fast april showers usually brings wall street flowery returns. the s&p has finished this month higher than major averages starting the first week of this april, on the plus side, so can i good guys last plus, venti size beatdown for starbucks. howard charles back in charge for the third time and his first big move in the about-face on the buyback

and rolling the dice on gaming stocks. can the reopening rebound boost the bottom lines but we start off with a blockbuster date for twitter shares soaring 27%, the best day since the ipo. the move that elon musk sold a 9% stake in the social media's stock. it's apparently a passive one but some analysts are assuming he might have a more active role in twitter more than 70% of respondents said no. given that twitter serves as the de facto public town square, failing to adhere to free speech prince manies fundamentally undermines democracy, he asks? is this his first step, quote/unquote, to doing something? >> basically elon moves twitter

around like it's his business and i think people are going to listen i agree with the free speech dynamics look, twitter is not going anything, be clear 4 x revenue up 27%, for a company who told you their investor day in february '21 they would double revenues and get users up to 310 million. to me i'm angry about that because they're not even close and they're out there and the stock moved to $75 the stock is up 60% in 20 days after this move and i still don't really know how they're going to get there that's the story to me on twitter. i love it, i use it. i think it's an important medium both in communicating and in the professional world but very frustrated by their ability to monetize h and how they guided that they would. >> dan, you have been in and out of the stock i'm wondering if you think elon musk can fix it? >> possibly, mel he's like the natural roy hobbs.

anything he wants to do, he just does some of the guys will get that reference here a little bit. but i will say this, this goes back to maybe that whole little brouhaha between mark andariese and jack dorsey about who owns web 3, right dorsey was saying it was the vcs. elin weighed in a little bit on that we know he has issued with jeff bezos in "the washington post," which he owns. and he's taken issue with democracy dies in darkness, the tagline of "the washington post" a little bit but if elon is the biggest thing going on on twitter, that's not saying a whole heck of a lot there's only 330 million monthly active users is it the de facto town square i think he has a bug up his you know what about the tway twitte chooses to operate and broken their rules about trust and safety to me it's a bit of a sideshow

and also a bit scary when the richest man in the world can dedicate a few billion dollars of his personal capital and really dictate this sort of potential change i have no problem with it. i think it will probably be good, has been good for twitter shareholders and only gets better from here. >> a couple things, it's fascinating him just taking pocket money and buying this huge stake but he is, investment purposes only, so passive as he said. for him to try to do anything to change the business model, at this point he can't. not that he can't change and become active. he absolutely can. it's sort of ironic, remember when we were all upset about jack dorsey having two ceo jobs, one at twitter, one at square and maybe living in africa and the idea maybe elon takes it over and he has spacex, and tesla and twitter. that would be kind of a lot. but i think that if he wanted to, he could just make a bid to buy the whole thing, right

>> he could. >> then he would have to change to a 13d, which is no big deal is that what he's trying to do who knows what he's trying to do it's amazing he's just playing with this property. >> yeah. >> one other thing that really jumped out at me, the trump's back wrc, and if you're going to be the town forum, and one that's already built, for dwac, who has yet to file a proxy six months later and in the interim the fcc said we're going to be stricter on what your projections are so you have to be truthy -- truth social. so it's not great for them but i find the whole thing just absolutely fascinating and it's just fun for elon. >> absolutely. the fact it's almost like dogecoin. >> everything is fun for elon. >> he's a billionaire. he can have all of the fun he

wants at very little cost. karen mentioned the dd-ewac, and that's one of the things being speculated about what will elon do. one is move to open source, allow users to choose the algorithm, what you can see or not see. that's an interesting concept. this is all a parlor game at this point but is there something he can do that can help the stock >> i don't think he can do anything at this point i think we all acknowledge that. but this passive stake is passive in name only you know he will be somewhat vocal going forward in terms of what he thinks the problems for twitter is in terms of trading the stock, which was typically what we're tasked to do, he's traded 260ish million shares about four times volume they report earnings in a couple weeks. i think this continues to rally despite today's move into earnings $55, another 10% from here is a logical place. that's sort of the 50% retracement of the all-time high i think it was over a year ago

and recent low of $31, believe it or not. i still think it has room. we'll see what he decides to do. i think everybody is saying the same thing, this might be the first foray. i'm not certain it's going to be the last in the twitter. >> and the sec might have its hands full passive filing, if he started tweeting about what he thinks the company should do having a 9.2% stake in the company, that seems like you're tempting the regulators to come in and slap him on the hand. >> yeah, he's done that a bunch of times he's been slapped. he really doesn't care one thing i just want to point out about a 13g filing, and somebody tweet me if i'm wrong, if he were to sell stock, he would not need to disclose that until possibly next february. >> what? >> i think somebody on twitter, please let me know. that's my guess, you don't need to update a g, except maybe annually, i'm not sure but it's not a 13d filing where

he would need to file the next day or two that's sort of interesting that you wouldn't necessarily know if he was out. >> yeah, and this is someone that at times has been in the market and certainly been selling stock, at times buying stock and somebody who certainly has been moving around dogecoin, i think he's at times had to get out there and even clarify, disclose where he sits on it because he moves markets and so the question ultimately does come down to, to what extent can he change the trajectory to fundamentals in a stock that trades two times the free cash flow it's a tech company. they're not free cash flow generative we're still hearing about this modernization. and i think there are people who won't go to twitter. some may be the conversation is not truly free and if elon came on board, that would change the minds of a lot of people. >> dan >> i don't see him really coming on board at the end of the day we had this conversation a lot about this platform, their inability

to grow users, inability to monetize at the rate of, let's say, facebook which is nearly ten times the size in monthly active users, it just doesn't make it that important of a thing. first of all, lights' out for this new ceo i don't think -- i suspect elon is not a huge fan. there's been a lot of memes about him in like a stalin uniform and the way they censored him if he does go more active and takes a bigger stake, the management is going to change and maybe that would be a good thing. but the stock, i think to tim's point about the fundamentals was also very ripe for an activist there have been activists involved in the past when the company announced a bigger buyback and stuff like that. it just doesn't make a lot of sense when the product is not growing. to me, listen, i welcome elon being more vocal if i was a shareholder. this move is a lot in a very short period of time to tim's point if they don't back it up with fundamentals in the near term, it likely pulls

back a little bit. >> we'll have a lot more on the move in twitter in "options action" later on in the show what one trader is betting the stock will do now. speaking of elon musk, shares 6% higher after reporting record deliveries for the first quarter even as the automaker shanghai factory remains closed due to covid phil lebeau is here to take us through the numbers. maybe it's a sigh of relief he's not starting up his own social media company, something he alluded to a while back. another distraction is not what he needs right now. >> right melissa, you and i both know, you talk to enough tesla investors, they don't care he's involved with spacex or the boring company or neuro link that's partof the magic. he's out there creating things and tesla investors don't care, especially when the company continues to deliver it did deliver, even though it didn't make expectations of q1 delivery

the 3,000 vehicles was not the 317, but the numbers were not off by much. 95% were models 3 and y. china was impacted, production and delivery were impacted because of covid when you look at the full year deliveries, and this is really what people are going to be focused on, which tesla hit the consensus which is 1.45 million vehicles being delivered this year, which would be more than a 50% increase, or roughly 50% increase from the 9,036 vehicles it delivered last year they do have momentum on their side look what tesla has gone the texas gigafactory starting later this week, germany started a couple weeks ago they're going to ramp throughout this year. you've got deliveries outpacing production and china is accelerating at the same time. you had in effect the run rate by the end of the year is expected to be 2 million vehicles think about that, a production run rate 26 million vehicles that's what analysts are expecting from tesla by the end

of the year. when you take a look at shares of tesla, yes, we're back to where they were back in early january. we're not quite back to where they were when it was a high of five months ago but they do have momentum right now remember, we get the q1 results april 20th and we always talk about this, elon musk has said i may not be on certain earnings calls, only if i have something to discuss, but we have a lot of questions and we want to hear from him hopefully we will hear from him on that earnings report on the 20th. >> i don't think it's a coincidence, phil, the earnings release is 4/20. >> you're not alone noticing that. >> phil, thanks. always good to see you, phil lebeau. >> you bet. >> a miss of 7,000 vehicles in a quarter riddled by supply chain issues and closure in china, karen, i think gm and ford would kill for that number. >> they'd kill for a miss of 7,000. they would not be happy with 309,000 though.

>> right. >> gm's number is 510,000 off a terrible 20 some-odd but that was i guess what the street expected if you look at where they did build cars, they took whatever supplies away from lower margin. obviously buick was down a lot higher margin suv, trucks, those were all high-margin trucks. but they have to get it together the stock is sort of languishing at a mid-single digit multiple so i'm frustrated with this one, very frustrated. i would have thought three, six months ago we would not be looking at supply chain issues through the end potentially of '22 or maybe even longer. >> right. >> and massive input dynamicsth pricing and so i mean, that is the frustration of ford and gm they've not really gotten any credit for their internal combustion engines at the core business, which has never been run better tesla got upgrades by missing.

this was the kind of clarity a lot of analysts on the street want to see. to me it comes down to a couple things with tesla, someone who doesn't believe the value at this point is attractive for all you know, i will probably continue to be wrong on the price of the stock but i will say the big dynamics here around execution risk, i think a lot have been answered but they have to get into really high volume to kick in in lower priced segments. i don't think the margins get better even though there's no question, they crushed it in terms of delivering all of the production to this point. it's a valuation issue and company who has an execution risk despite the fact these numbers were extraordinary in this environment. >> obviously the supply chain has a fuj queshuge question marl and tesla increased in price and there's a look at the use of metals used in ev batteries and

it's goon up six times if i'm not mistaken for the past year for things like nickel, lithium and cobalt those margins can face even more pressure later in the year. >> they're trying to get ahead of it. they just signed a nickel deal they're clearly in front of this without question the thing about this, and we talked about it, it's over a trillion dollar company. deservedly so. probably up over 50%, 5-0 since that march low it's a spectacular move in a short period of time and this is not some $200 million phase three biotech stock. this is a mature company the market is a little insane now. i still think it gets back to the 900 level, all-time highway back in january 2021 with the levels we're at right now, f phil just mentioned, thii where we stop january coming up this year. coming up -- the warning from morgan stanley's mike

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welcome back to "fast money. stocks rallying today with tech as the big winner. nasdaq surging almost 2% but market's biggest bear is telling clients to double down on getting defensive. mike wilson is morgan stanley's chief u.s. equity strategist and cio. mike, always great to see you. >> thank you for having me. >> you said the recent was technical and you called it and called it. but that's over. why is it over >> we think it's over. we don't know for sure, obviously. but it does have all of the hall marks of what i would call a bear market rally. we expected a bear market rally at the time, things got oversold probably went a little further, quite frankly, we would have thought with the s&p 500 but nasdaq is right into resistance here so from a purely technical

standpoint, that's what it looks like to me so that's how we're calling it more importantly, melissa, the reason i say it's a good time to remain defensive, we're a later cycle that happens than some people think, even though everybody's talking the yield curve, but there could still be defense this year. you can still make money but you have to pay up for earning stability, choosability, operation efficiency, these boring metrics that tend to work at this stage of the economic expansion. >> hey, mike, is that mega cap tech in your opinion when you think about the monopolies, recurring revenue all of them are increasingly having from the balance sheets, that's one thing, it's funny, i struggle with it. you hear me. we talked about it on the show before i feel sometimes they're defensive because the top four names make up 24% of the s&p and nearly 40% of the nasdaq 100 and

if they don't give it up, the markets are not going anywhere >> that's exactly right. some of those stocks for sure are defensively oriented and very high quality, balance sheets, cash flow generators but even within that group, we've seen some operation. truly defensive oriented ones and maybe ones that were pretenders it remains to be seen. you have been around the tech block a long time. you and i talked for 30 years almost it seems like my guess is many of these stocks are going to prove to be more cyclical than what people anticipate this year because of the nature of the covid recession, the work from home and the demand we saw a lot of these tech layers may prove to be a bit more cyclical this year that's why we're not so bullish on tech as some others, neutral on the group and the defensive qualities we seek can be better found in areas like health care, maybe even utilities and staples.

>> is there one thing, one factor, mike, you can see as being a reason to revisit your thinking on how much further we go down? would it be a resolution of ukraine/russia for instance? what would that be >> i think it could be a lot of different things i think is the right question one of it would be the fed deciding they don't have to go as fast or hard but that's probably off the table given the inflation that's out there that would be a real elixir that would allow the markets to probably go a little further the other thing would be end up being wrong about the earnings so far earnings have been very resilient at the s&p level we've see deterioration below the s&p level, at the stock level, and if we're wrong, it will not be because financial situations switch up again but they don't disappoint as we're expecting through the year. >> mike, good to see you thank you. >> thank you for having me.

>> uy, i know you're not a betting man but if you had to place a bet on whether or not corporations surprise with the upside on earnings or if they don't deliver, which way would you go >> i would go not deliver path, melissa, if i had to place that bet. for a myriad of different reasons. not the least of which, cost it will be very hard for them to pass the cost on and that will hurt earnings without question i think we're just starting to see that now but i think we're going to see it in earnest over the next couple quarters so i think the earnings revision will be lower. 4,400, it's literally a stone's throw away and we've been there in recent history. it's how we get there will be interesting. look, clearly i think there's another plush to the downside. that's been wrong now the last month or so but there are a lot of headwinds out there the market is taking into consideration. >> i think it's interesting one of the factors mark brought up is the fed not going as hard or

fast as the market is now pricing. it's sort of a double-edged sword there. great for the short-term market but also means the fed may not be going hard on inflation and as larry ramsey said on "the exchange," that will by us into a recession next quarter, as soon as then, tim. >> i think the fed is not listening to -- by the way, this is positive, i think the fed is not going to listen to the market any time soon i think the fed -- and i think this jerome powell, who i believe is much more of a hawk in his roots than people understand, is really understanding how far offsides they are here. i think the pricing pressures we will see in commodities and labor markets are nine months out. as we heard, the european data where ukraine is not even priced into the energy prices quickly, fire and ice mike talks about, he says i think, if anything, we had a case where even some of those ice stocks in health care have had a very big

run. i think you do have to stay in many of them i still stay in united health care, tenet health care, abbvie. but looking at the market, the rally we had is not going to lead to another big april, which is people know is the biggest up month of the year. >> the question you asked guy about, do you think we will see conservatives down, i think last week we saw rh and hulu, very two different big stories, but i think i'm with guy i think we're going to start to see more pest mystic and self-fulfilling. once you see a couple competitors or industries, where why do you feel like you have to go out there and put out a huge number where you can be conservative and not get punished for it so much? we're just getting started on "fast money." here's what's coming up next. third time is the charm? maybe not. howard schultz stepping on another stint at starbucks will this give shares a caffeine boost? the details next. plus, jackpot. casino stocks winning big.

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welcome back to "fast money. we have a venti size buzz kill for you. howard schultz taking back the reins at starbucks again and thinking he can suspend the share buyback program. is the third time not a charm for investors? you're kind of angry about this. >> by the way, that venti drip now cost you about $4.

it's not terribly cheap. and they're cranking people with higher prices. i don't own starbucks to be a growth company per se. i'm happy to see growth in china and growth initiatives are in segment growth look, the reason -- i guess the other, we have a stepdown of the ceo because he said he was resigning but, really, this company has been terribly run. so i'm frustrated because as a shareholder, i think starbucks earned its way into a place where it was a completely predictable company in terms of pays and buybacks and some sense where u.s. comps would be plus or minus and china could be upside but to me if you walk into the stores right now, many seem like they're in disarray. this is a company that would have three scores within a square block this is a company that i think has not really managed and optimized their labor force at a time when labor prices have gone through the roof so i don't need to hear they're going into growth initiatives and i think that's frustrating i want to hear about a ceo saying our prices have gone higher, we have to deliver a better product to the consumer

it gets me a little concerned they may be looking to grow in a place that i don't think starbucks should be trying to grow. >> things you mentioned in terms of getting a handle on them, maybe this move is symbolic here it's not going to make too much of a difference, suspending the buyback. >> yeah, i thought about that as well do they earn enough that they can do both? so it's more about sending a message, we need to spend more on our stores, right, so that makes me think, okay, waif been underspending on their stores. is that what happened with the prior ceo? it was all kind of vague that's interesting to me, not a positive either, that they've been underspending it takes a long time i think to move a needle on a company like starbucks. i think he's a great stewart of starbucks, of course nobody knows it better, it's in his dna. but it seems right to be disappointed and angry i get it. >> this is, what, his first day

on the job what is a guide of 25, what should that be growth stock, value stock? >> i think given themselves, looking at starbucks historically, it's actually very attractive the problem as kren and tim just mentioned, they're going to start spending money you don't just flip the switch and the problem is solved. i think there are a couple of quarters playing ahead can we just play that thing, that sot, the thing we opened the show with, mel can you hear that thing. it was great. >> isn't that the sound they're going to be making for the team in the bronx >> no, they're not, tim, but my point was going to be sometimes you come back one too many times, as melissa remembers. billy martin came back one too many times and i think that's what's going on here great job by our crack staff,

led by cindy kenle in d.c. >> really what star shucks you have have done is installed somebody younger, with fresh ideas, maybe more in touch to today's consumer. >> nah listen, i think shultz and his board recognize this is a very unique buzz saw this company is involved in. when you talk about why the company deserved the multiple it had for all of the international growth opportunities, ability to expand think about this, a lot of those have been tamped down. we see the dollar where it is. the cost of all of the inputs to make their actual project, right, and then you think of the wage inflation issue, this is a real problem for them. we talked about it earlier on our call what percentage of the cash flow is good? yes, i agree with karen, it's a bit symbolic but this company might be on the precipice of a very important point how they move forward here maybe it's all hands on deck here i wouldn't put it past this guy

to make the really tough decisions. if anyone's going to do it, it's probably got to be him. >> sounds like it's in trouble the way dan is putting it. is it? >> dan, is that what you're saying i don't hear that. >> what i'm saying very specifically, it's like think about it, tim, right now here every problem that could be a problem for this company is right in front of them who knows how long all of this stuff is going to stick around i think touchy-feely things, talking about your employees, they're going to go to the kiosks and all of that sort of stuff. that's happening that's just lip service. i think they have major cost issues here. >> they do and they're not going away overnight as we talked earlier in the show howard schultz has talked about his workers and audience like this forever i just think the greatest thing starbucks has is their brand and loyalty. people will go out of their way to me -- by the way, i love the

86th street madison starbucks, they're great, but you get a case where you have a store that to me stands alone at the time when i think largely the customer for starbucks needs to be treated differently i think they had that loyalty. that's the power of what starbucks can reinforce. >> even the store can. will you still continue to go buy coffee if they charge you $6 for what you normally pay $4 for? >> no, thought they can charge me $4 for a drip, which is probably what what they charged me a year ago, if i get good service and the store is well run. a cup of coffee is not going to break the bank starbucks is nailing you with it i just think the brand feels out of control and stock feels out of control if in fact they're no longer delivering the kind of broej and predictability to earnings. >> your feeling about a younger, hipper ceo, if they had that person, we'd see them. i know they desperately want that person and i don't know

what happened to the interim between one year and i will leave. this is a great band-aid but a band-aid. >> until maybe they can find that person hopefully. coming up -- ace of spades investments. casino stocks winning big today. is it time to roll the dice in the trade. plus, we're dipping into chips. the next guest says taiwanese chips getting a boost. more on that when we return. catch us any time, anywhere. follow today on your pcain p.odstg ap we're back right after this. yees need something different. oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee. yeah i should've just led with that. with at&t business. you can pick the best plan for each employee and get the best deals on every smart phone.

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welcome back to "fast money. check out shares of carve nall, the company saying it just booked it's busiest week of the year and other cruise lines jumping after this report. guys, could this be hopeful for the other travel stocks, including cruise stocks? >> i think it's hopeful, absolutely it's going to get us into the conversation we're about to have we said for a while, i think the back half of the year will be extraordinary for a lot of those names, casinos, cruise lines,

airlines, names like expedia and airbnb and i will stand by this. this is a good sign. carnival has been kbas basically lower lows, lower highs since last year. close of $2 1ish breaks that trend. from high seas to high stakes casinos off to a poppy start for the year caesars, are the worst of the headwinds behind these names and should you look at the china sen take names, tim? >> i think those who have a mix. i think las vegas sands and they're certainly southeast asia heavy but i think they have exposure and divested assets and about to be very opportune isti in online sports betting so i think the story has been in the last 9 to 12 months about what's happening with license renewals on the pressure with

gaming industry whether it's over the mccould you and vop i think they will be strong and mobility restrictions are limited and people want to get out there. >> mgm, and also las vegas and also regional. during the pandemic, online betting was gigantic for a lot of these i don't know if that will subside. i sort of thing not a lot, i think it will be both. mgm, it's okay, not great. i think there's more upside coming. >> guy >> wynn, you look where it traded down to $69 recently. same low in october 2020 i think you can wrap your head around it on valuation we talked about carnival, look at the las vegas traffic numbers reported a week or so ago. year over year comps are a little misleading but you get what i'm saying, people are coming back. and wynn specifically is -- as you know, melissa, wynn is the w

in my one trade, help the audience >> don and l for tim's live trade. >> that's right, nice! >> i remember. coming up semis sweeping up, analysts getting bullish on taiwan's semi but there could be a lower in the space and musk moving the social stocks how did the opening traders claim the blue bird when "fast money" returns

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welcome back to "fast money. check out the move on taiwan semi after the bullish move, with the overrating on the stock saying they expect the company to beat estimates when they report earnings on the 14th. but not everyone is sweet on semis. our next guest is warning of a potential breakdown. let's go off the charts with christopher ra teaguous. a bear company, what do you see? >> i think it's interesting, given all of the bull companies, even though themarket has rallied here, the semis have not participated in that move as leaders, right

i think our big call or our big view is the nature of leadership is changing right now. i think you see that with the lack of any relative performance coming from the semi group so i brought along a couple slides i think the first one just speaks to the narrowing that we've seen in this sector. you had a good rally off the lows, still only about 30%, 35% of the semis are actually above their two-day moving average there's been damage trends i think it takes time to repair the trends, which we've not done enough of. secondly, when you consider the relative performance profile, our second chart is the sox, semi index relative to the s&p this looks to be topping and the longer-term momentum work has also begun to roll over. if we look at three individual names that i think capture this, you mentioned taiwan semi, i understand the fundamental upgrade, but the chart is no justifying it. this is a chart that remains below the $200 a day, bounce is tepid at best, no momentum

behind it and relative strength is poor. if we go to another name like amd, the chart is weak it's a relative laggard. it bounced but bounced into resistance it's below the $200 a day. last, the bellwether of the group we really need to watch here is amd. this has been a leader for a long time. it's actually starting to falter this $100 level, $105 level is major, major support i think that has to be a really important line in the sand for the bulls, particularly given the loss of relative performance for these stocks i'm more skeptical on the charts of what the semis are telling us. >> chris, we often say semis are cyclical and indicator of the economy. they lead the stock market does this have broader implications in terms of where you see the s&p going? >> so this morning the title of our client note was, we lost the banks, we lot discretionary and we're worried we're losing

semis. so, yes, i think it does when you look at the very cyclical components of equity leadership, banks are at 52-week lows, discretionaries weak since october, november. i don't think we want to see what happens if the market loses semis as well. there's clearly been a defensive shift to leadership. you see it with software outperforming semis, you see it with the strength of utilities you see it with what we've seeing with the staples and rece reits. >> can you give us a sense of what we might see if we lose semis here >> yes, take it this way we rallied the triple qs 17% off the lows but only 40% of the stock above 200. that's a weak bounce internally. i think we're in a big range here i wouldn't be shocked if at some point this summer we went back to the s&p lows but what you

really have to focus on is what is leadership and what is not? banks are not leadership, semis are not leadership that is the big change. >> chris, always nice to see you, thank you dan, nathan, i feel like we're singing your song. >> first, i think we have to rename some of the title notes that one seemed a bit long i will say this about the semis in general here. the way micron acted last week after they guided up and put up a good quarter and the stock initially was trading up in the aftermarket and traded down like $10 since then, so that wasn't great. and this call by morgan stanley on taiwan semi is really a short-material tactical call if you read the note on earnings. they're basically saying the stock has acted so poorly, if they're just able to come in line and guide up a little bit, the stock is going to pop. that's not a ringing endorsement for this thing

i would say if it's not fantastic, the stock is likely to treft the recent slows. >> chris mentioned the lost of leadership from amd. interesting call given its big purchase today, $2 billion purchase guy? >> makes you wonder are they looking for growth now it's interesting, i know you were thinking when chris was talking, he was clearly channeling his inner robert duvall when he was saying if we lose the banks the same way robert duvall said to sonny, if you lose the old man, we make the deal. it was certainly going through my mind. if we lose amat at this $125 level, which has been sideways since last spring outside of that little false breakout, that could be problematic amat, surprisingly, may be the name to watch very carefully over the next couple of weeks. >> go ahead. >> i don't think we lost the leadership of the transports and we talked about rails and we talked about where you're

getting some of the shippers i rarely disagree with chris i think the semis let us off the bomb i rally 20% to the q's 17 to the s&p's 12 i have seen it outperform the market 5% during that period i don't think it's off to the races on semis, but i think the reaction you got off an oversold market is the exactly the one you wanted out of semis. speaking of semis, don't miss an exclusive interview with the ceo of qualcomm at the top of the hour with "mad money. and elon musk becoming the largest shareholder of twitter how are the insiders playing we'll have that when "fast money" returns ♪ ♪ who would've thought printing...

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welcome back to "fast money. let's get one more check on twitter, finishing out its second best day ever as elon musk took a 9% stake in the social media company twitter's options volume also exploded today let's bring in mike cohen to break down the action. mike, what did you see >> so twitter traded more than 20 times it's average daily options, more than 1.56 million contracts, and that overall made it the busiest stock option over second place tesla

so elon musk ruling the stock market that actually represented on its own about 7% of single stock options by him actually. and the recent contracts of weekly 50 expire this week, we saw about 190,000 of those go around $2.15 and they rallying until the end of the week, where the stock could finish this week 4% higher than it closed today. >> i feel like he should buy a stake in an online brokerage firm to capitalize how he just reigns supreme in the options market. >> i would just say this, when you look at all of the short-dated call action, it really does -- investors are expecting to see that momentum until we get to some point to see fundamental data about the earnings but you're not seeing a large commitment to a much higher share price, much longer dated into the future. >> what do you make of the action, karen? >> the whole thing i find is just amusing, right?

it's a real stake for sure i don't know what's going to happen in the short term we talked about him being a passive investor i would be surprised in the very short term, the next week or two, but who knows he's elon. anything can happen. >> that is very true mike, thank you. for for "options action," tune in friday at 5:30. up next, "final trade. n minutes. 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. ♪♪

money. take a look at shares of nike, finishing the day up by .6%. nike causing some concern because tiger woods apparently showed up to masters practice not wearing nike shoes he was wearing foot joy shoes and, of course, nike has been a longtime sponsor for tiger woods for about two decades or so. so this caused quite a stir in terms of perhaps tiger not being affiliated with mikey anymore. nike did release a statement later on making it seem like the two were working together. they are excited about tiger's

return to competitive golf dan, what do you make of this? >> yeah, this is what twitter's for, mel, for people to fight it out about this sort of stuff here we're all going to speculate until we see what he's wearing on friday afternoon. listen, it would be a bad thing for nike they obviously have a lot of their golf aspirations tied to tiger. >> he's going to make a game-time decision as to whether or not to compete in the masters, guy i think that would be good or maybe bad for some of the online betting companies. >> listen, tiger knows exactly what he's doing. i absolutely believe he's playing. if he's wearing foot joy, where there's smoke, melissa, there's fire you know i love a good conspiracy theory. >> i know you do. >> this will only get better over the next couple days. >> "final trade" time. let's go around the horn guy, kick us off. >> love kansas tonight i'm sorry you unc fans out there, don't @me look at oracle since earnings, mel. very strong. >> stan? >> and karen, looking very pro

today and walmart breaking out. >> eww, mexico etf. >> very international tonight. thanks for watching "fast money. see you back here at 5:00. don't go anywhere. "mad money" starts now. jim crar 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 people make friends, i'm just trying to make you money my job is not just to entertain but to educate and teach you call me or tweet me @jimcramer interesting action i don't mind talking about the dow up 104 points. nasdaq,