da danielle shay of simpler trading for tractor supply, ghoozing to do it for "overtime" on this thursday "fast money" begins right now. live from the nasdaq new york marketsite in time square this is "fast money" i am brian in for melissa. tonight's trader lineup tim seymour and guy adami on set, bonawyn eison and pete najarian co-foudner of marketrebellion.com with the other najarian ahead on fast. warren buffett buying hp, sending shares surging is the king of value getting in on the stock you should too plus walmart starting a school to train truckers and going to pay these new hires six figures, we'll talk about the ripple effects and maybe trucking

stocks later on, despite the flood of sports bets right now the sports gambling stocks have been slumping big time. we'll go in the numbers with contessa brewer. we have a lot to do. let's start with major reversal, stocks mid day rally major indices rebounding from steep earlier losses dow down as much as 0.7. and ended the day in the green erasing 1.4% loss. the nasdaq the s&p. did the same take a look at the jumps in some big technology stocks, tesla, at one point down more than 2%. finished up over 1%. apple and microsoft ending with gains. a lot of talk, guy adami, great to be back on set, both of you here, fantastic. >> all right >> there we go what exactly caused and do not say more buyers than sellers, please, the turn around mid day. >> i'd love to know the answer

i'm not going to pretend i know. there's i number of things people talk about, stimulus package. i'm not sure it's probably one the best trading environments we've seen in some time the next question is, is the selling over i don't think it is. pete said something that resonates with me, he saw buyers of the $70 june volatility index calls i'm telling you, that goes through my brain thinking that volatility is here to stay so these moves to the upside, i think you sell them. i'm more inclined to sell rallies than to buy selloffs. >> today first of all was the revenge of retail, which has been getting destroyed, we spend a lot of time on this show talking is the consumer dead this week. home depot is one of the more important companies for the market it's emblematic for housing, the consumer interest in spending on their home and ability to have spending power and obviously in the center of the storm around building materials, supply constraints, what not

that's impressive. this is also the day people look up and say i don't know if this is the change in character but 2s and 10s remember the yield curve inversion we were talking about five days ago is now up 20 bips. not a reason to get excited the fact the equity market had not broke to new highs 266 on the 10-year a number of key indices held their 50-day to the down side. we talked about how they couldn't breakthrough on the upside above the 00 day and longer-term moving average, okay, not, but at least they held the short-term recovery we'll see where they go from there. >> pete, going to that volatility, the vix coming down, volatility going up, to tim's point is probably gut-wrenching but if you're a day trader, swing trader, chartist, options trader, you got to be loving this market. up 2% monday, down 2% on tuesday. >> yeah and the volatility as

you guys mentioned we were back finally under 20 we were above 30 not many weeks ago. and here we are now today barely above 20s again. i think we closed 21.5, something close to that. so i think what we're also seeing, guys, i agree with everything i heard from guy and tim. tim you talked about the 50-day. i'll tell you what, what this market has truly turned into is algorithms we're seeing more and more of that when we started to see the turn, whatever that mechanism is to start that turn it really kicked in and you're seeing violent moves in very, very short periods of time. it's pretty interesting to watch actually yes it's a great environment for trading. i've never had this many positions on before that i can remember over the last five, six or seven years as i have had for the last week or two, where i have 60 or 70 positions on at any one time only tackbeing options positions, on top of that i have another 30 or 40 on the stock side it is a great environment to

trade but is also interesting to see what's really turning and burning and really moving the markets these days and we're seeing a lot of that safety trade coming into play as well the combination of that, health care, that really has been buoying the markets when they've been down and all of a sudden we see the turn, algorithms click in and technology starts to work and everything moves to the upside. >> i guess what i'm confused, bonawyn, i'm confused by at lot of things but why is the vix at 35 march 8 and now 21 down another 3% today not saying 12, i get that it's higher than the average over last couple years, but what's changed in a month that suddenly the nervousness appears to be off and the nasdaq rallies 16% in a matter of days. >> from a fundamental standpoint geopolitical standpoint nothing much has changed same page there. i will try to keep it short and sweet so i don't bore you with

technical jargon, one muscle memory, buying dips has worked for, i don't know, as long as you and i can remember i hardly remember what i ate for dinner yesterday that's been the recent trend all right. on top of that, guys like pete that are in the market telling you time and time again listen i'm playing this not through stock outright long i'm playing through options. so options as long or options as placement strategies i will point you back to the vix. low mid-20s implies 1.5, 1.4% move and dealers are selling those options, hedging down, where do we land today 1.4, 1.5%. that's where we bounce so the vix will let you know where it makes sense for options traders taking the other side of outright plays where they will be buying and selling and how they're hedging. >> that's why we break out the pool we went in the weeds. >> is that a make of a weed whacker? >> nothing gets by you

>> i'm going to echo -- >> -- anyway, you understand what he's saying guy adami i get it, if you're an options trader, swing trader, got to love this market, should we be concerned about the health moving 2% one day and 2% the next. >> i believe so. if you think of alibaba $300 billion company that moved 35% in one day a couple weeks ago. tesla, a $1 trillion company moved over 54% in the course of, i don't know, three weeks sore so does that signify a healthy market to you? no, it doesn't to me i actually think volatility should be higher i'll say this, pete and bonawyn touched on this as did you, health care is a neat place to be without question. look at big cap pharma names, regardless of tape seem to go up every day. >> and if you talk about the valuations there i think if you look at big cap pharma they trade at a premium here and they

can trade at a premium, we'll continue to talk about it, but the outperformance of a handful and pfizer trading like a semiconductors stock today it's interesting, you have dynamic for equities you are talking about the volatility and over sized moves, look, we were way over sold before going into that rally, also, it was the pendulum. maybe that's the fear you have here today's move is just a market getting its footing. i don't see this as a change in character per se, even though the support at 50 was very important. >> s&p, i think, 19.5 forward earnings is in line with the five year average is are you comfortable with macro valuations here? >> i think generally i am. yes. there's still areas in the market, you guys were talking to health care, when i look at pfizer and merck and you measure these things looking at not just pe, but buybacks, dividend yield

and all of the major issues in the components we're looking at each and every day you look at pfizer and merck it makes a lot of sense you look at coke and pepsi it makes a lot of sense. when you look at the names that have actually been leading on the upside moves, at least, it does make a lot of sense even names like gillead look how inexpensive some names have become look at the buyback. look at the yield. how about the free cash flow for some of these companies, it's absolutely astronomical. when you see that, you can understand why i'm not saying it is the perfect place to be. i'm not saying run there to duck and cover but these are names in our portfolios for a really long time for the names i just spouted off there's names i've been in for about a dekecade already and i will continue to hold these. because quite honestly there's times like this you're looking for something.

if you are already there you have a good position going forward. >> we'll get more value picks later. let's talk macro one reason for the volatility is because the bond market has been, well, disaster rates up 50% in a matter of weeks. bonds selling off all over the world. the next guest warns this might be the worst bond market of our lifetime and it will matter to stocks jim bianca went on a twitter thread/rant, i mean that as a compliment i will read, forgive me for looking down, the story of this hiking cycle is utter disbelief the fed will get very aggressive even risk a recession, yes they will, and will create carnage in the bond market and losses in your portfolio did you mean losses from stock perspective as well? >> yes, i did. let's break that down quickly. the market is pricing in 50, 50, 50 the next three meetings if they do that you can forget

about 25 it will be 50 all the way through until the fed basically raises rates too much and breaks something and then they'll be done but they're not going to go back to 25. the bond market, most total return measures, incorporating price and yield, is having its worse year in the history of statistics. in some statistics they go to the mid-70s. aggregate index all bonds down 7% through april would be the worst year ever and we're only in early april we've already had one of the worst quarters we've had in 40 years. and if the question is can the bond market have shoot up, can it have returns be this bad? can the fed get that aggressive? and we're gonna all look for 4800 to 5000 on the s&p and totally ignore what the fed is trying to do i think that's a stretch i think eventually this is going to come back and hurt all financial assets, as bill dudley

former federal reserve president of the new york fed said in an op ed yesterday, the policy goal of the fed now is to lower the stock market and create a reverse wealth effect to try to reign in inflation do we really want to fight that. >> i want to ask you more controversial specific question about the federal reserve, i know your views but want to ask for the audience, i mean, is this a fed that any of us should trust to navigate some kind of -- i don't mean soft landing, i mean not a crash i'll tell you why, they missed, talk about transitory inflation few months ago and suddenly every one must have gone to the grocery store or filled up their gas tank because they flip so quickly. you would think smart guys like you and others are saying where were you a year ago. i don't understand why this is a fed we should trust, no owe infection to them personally

no offense to them personally but come on. >> you're right. the call last year was arguably one of the worst forecast in federal history. they missed it bad and they are now stuck with ultra-aggressive policy because they didn't start raising rates at a very leisurely pace a year ago when they should have done it then. they have to play big catch up they don't intend on creating a hard landing but what they do intend on do something reigning in prices people need to understand, what's the fed's goal, lower inflation, what about growth, what about payroll, what about retail sales so what. they want lower inflation and they're going to raise rates until they get lower inflation, how, they're going to slow demand down. if the stock market wants to go up maybe they should talk about 75 instead of 50 that's their mentality right now. and so, yeah, they don't want to create a broken market

they don't want to create a recession but when you go down that path and you're that adamant to reign in inflation makes it likely you will create a mistake and don't want to be too timid, that's out the window, now they have to get aggressive. >> jim bianco tough words, strong words on the fed and what may happen tim you were nodding as jim was talking. he's obviously very nervous. >> i think we're all nervous because we said before the fed started going from one extreme to another that this would be impossible to safely land this ship if you think of the overly accommodative and dynamics around covid, but the fed, really pick your spot where you think the fed really lost their way. it wasn't just 2008, that's for a history another time jim's referring to the bill dudley op ed that said if stocks

don't fail the fed need to force them, saying the fed targets financial conditions more around the housing and stock market that's where i'm going, i hear about the stock market and we can do a decent job assessing some of the dynamics who owns what when you talk about housing it's we talk about the most important asset everyone inthis country owns if they own one. >> and mortgage rates just went up 50% in three months. >> and i think of all knock on impact on the housing market yes there's been speculation in the housing market, again, yes, banks are in a better spot, yes you changed where risk lie, and main street can get loan for something they want to get a loan for is somehow the housing market turned into las vegas. >> we're running out of time for this segment bonawyn, you had spa getty last night guessing you bought the dip forever

because the feds lower rates and if they go in the opposite direction shouldn't the market as well. >> i agree if you're bearish under these circumstances you're fighting the fed. well, 180 now from federal reserve so by definition if you are bullish overall here you are fighting that. >> bonawyn, final, quick comment. >> it's fine, i mean, you put the food in my mouth and guy took the words right out of my mouth. i really couldn't say it any better it's literally the situation that we're in and if you add on the fact that they are going to be ratcheting down mbs you're just adding fuel to the fire line it up shoot it down. that's what it is. >> mortgage back security is not from the kingdom of saudi arabia coming up hp surging. as berkshire hathaway seeing a major mistake what is, and crude

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all right, welcome back to "fast money", everybody. shares of hp that's right, hp look at that topping the tape, soaring to record highs up 14.75% today this after one warren buffett at berkshire hathaway announced 11% mistake in the computer maker hp which made its public debut more than 60 years ago seeing best percent gain since march 2020. that move what the ultimate value play right now in tech may be, guy adami, is hp do you agree with the oracle of omaha. >> he sees a company 10 percent trading -- next year's number saying it is too cheap despite it's all-time high i'm not saying it is the ultimate pick. >> that's the game. >> i don't speak in platitudes like that i don't know what the ultimate is. at least my ultimate. >> it's fine it's okay. change the banner to say guy

adami's semi-decent pick. >> they can't do that, it is too late oracle i will give you the real company guy, trading 14.5 times. look at the last quarter, stock was $75 when they reported people misinterpreted, traded down to $72 we talked about it on "fast money". we said it is too cheap and it continues to go higher doing everything right. >> i will go there, google is cheapest in tech and arguably in the world. >> thank you played the game correctly. >> it is growing faster than what you pay to get it, 22, 23 times, growing a little bit north of that, the peg ratio 01 google hits on all cylinders. >> pete, what's your ultimate -- it's the ultimate value tech play. >> yeah i'm going to give you one in left field, but everybody, i'm telling you this is the right one it's facebook. why? because look at the pe after all of the carnage, trades 16, 17

maybe 18 pe. you look at the operating cash flow $55 billion, $57 billion whatever that number might be, yes they're spending a lot of money on capex but when you really unravel everything and look at the free cash flow it's still $30 billion. this is way too cheap. they still have growth they still have their users and people sold this stock blindly this is a stock with a lot of room to the upside. >> if they changed the name back to facebook the stock would go back up. bonawyn your ultimate tech value play. >> micron, seven times forward price to earnings and spot 27 pe and knock is commoditized where you get chipped here or there, they don't trade at sub 50 gross margin and for all that and the fact it's overlooked 7 times earnings in this market

environment i'll be buying it. >> and ginger chicken. >> there you go. we should have a twitter poll. we have four picks we should do a twitter poll, or oracle, google, facebook, micron, which do the viewers agree on and next up, twitter regaining massive gains from earlier in the week when elon musk revealed a big stake in the company and joined the board guy. >> if you watch "fast money", i know you do, monday we seen it trade up to 78 50% retracement of the move, would get us to $55. well lo-and-behold it traded $54.5 close enough for government work. we talked about it on tuesday and here we are, said we could buy mid to upper $40 here it is and now's the shot to get back in brian sullivan. >> you have a case nothing changed when it comes to a

company needs to monetize. i was frustrated from a year and half ago they told you they would double revenues in a case where elon on a board, being impatient, what not, is great. he's not going to turn the ship overnight. it's a great move. i'm long twitter still i believe in this company long term but it's frustrating. >> part of the deal was he wouldn't take bigger than 15% stake. twitter is afraid of musk. otherwise why make the deal. don't want him to take over the company. we're just getting started on "fast money" here's what's up next. >> announcer: crude reality, a big warning from a top oil company, has the russian-ukraine war rages on the $5 billion energy impact, next plus, is sofi a no-buy shares dropping as student loans get another pause. so how are options traders playing the news you're watching "fast money",

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♪do you know what the future holds?♪ all right, welcome back to "fast money" we've got a potential warning sign from one of the world's biggest oil companies, shell announcing a write off of $5 billion in assets after pulling out of russia last month stock clawed back, lost end of the day positive, but you wonder is this a water shed moment for many big oil stocks which have been on fire. >> no. >> no? >> no, shell, total, exxon, certain times conoco phillips, fortunes tied to russia, they

were getting production growth they were going to the arctic circle no good for them for writing it down -- bp was the one that over stepped their bounds i think the majors in the oil space are run better, run differently, not chasing growth at all cost. >> yeah and this is a one quarter accounting thing, pete, right? like, you take your write-off and go here's the thing, congress earlier in the week grilled the six oil ceos and praise them whatever, whatever you think of that, you know what congress did say, you guys are making too much money if you're an investor and congress is telling somebody they're make too much money, that's a sign. >> yeah, it is a sign. a good sign for what they're doing and they've been doing such a great job tim was talking about how good these companies are better run now than probably ever before.

i totally agree with that, looking across the board, so many of them even down a few steps, towards the beta names, the driller, shippers or any part of the energy complex across the board they're doing an unbelievable job so yes they are making more money than ever but they sure do work for it they sure do have a great look at the future, how they approach it, when they need to pull back a little bit, when they don't. i know tim was just defining, there are some very exposed, maybe overly exposed towards russia but most are not. and because of that, i think this is just a moment in time we're going to see a bit of a pause, maybe i still think, even shell today, did you see it basically pushed right up against the 52-week high today even with that news, that says a lot. >> and bonawyn, the price of oil came down $30 off the intra day high but come down 12% in the last couple weeks, but, let's throw up the xlp, xle, oil

stocks have gone up, as oil is coming down. are you reading into that at all? >> we spoke about it previously about the dislocation or lack of correlation at a higher level between the actual energy company and the commodity pricing themselves you are going to expect the commodity to be a lot more volatile than the names. as far as bp, specifically, i hate to sound smug, this is kind of the cost of doing business, particularly after the march 8th incident they got caught buying oil from russia. i will say writing down 4.5 to $5 billion versus the $30 billion in intangible assets on their balance sheet. that is a no-brainer you're not going to risk $30 billion of good will for a 4 or $5 billion quarterly charge. >> okay. separately we talked about subsidiary play, yesterday on worldwide exchange, 5:00 a.m.

eastern -- we, i talked about how an oil tanker broker showed me stuff that tankers were going for $80,000 a day normally is $15,000. any reason to play these tankers names. >> it's a bit of a back to the future vlccs the dynamics, there's few things, industry-specific, including scrapping, part of resuscitating this industry, they've lagged. you have to be careful because balance-sheet specific is where a lot of the guys got over ex end itted. -- over extended. u.s. increase production will put upward pressure on rates careful of the balance sheet. >> reference to very large crude carrier vlcc don't talk about that much, must be scorpio. >> are you scorpio >> saj -- >> let's check out the uranium

prices climbing back to places they haven't been in more than a decade pete najarian, you have been talkin talking about uranium for month, great calls. nobody talking about nuclear what's going on. >> it's a lot to do how they've been very, very disciplined how the uranium companies are willing to produce how they will do it i look at ccj, just yesterday bought 35,000 of the september upside calls in that same name. they've been buying options here for a long time, brian, they continue to do so. it's been an incredible run. you mention the just a few months ago almost like the flood gates opened up across almost anything in the uranium space and i think a lot of that has to do with people looking forward, at what the supply demand looks

like and a lot more aggressiveness in that direction as people look at this clean energy didn't look that way to a lot of people but now they're seeing maybe this is another clean alternative. >> the flood gates in department of energy saying it's game on. let's get as much uranium, as much h uranium projects in this country you can do i've been uranium long i think you have a case we've been waiting for this trade and it's just starting to pick up momentum. >> good stuff, uranium in focus. all right, coming up, trouble in trucking, maybe, major driving shortage rippling through the industry what's walmart doing to try to fix it what impact might it have on others? stick around to find out. sofi so deep in the red as student loans get another pause from the white house, this has options traders checking on the trade. "fast money" will be rhtacig bk. welcome to ameriprise. i'm sam morrison, my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us.

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all right, welcome back to "fast money" check out sofi technologies, falling to a new 52-week low in its second worse close ever. cutting guidance after the biden administration extended the pause for student loan payments until the end of the august, putting losses down nearly 50%

this year, despite the carnage, mike khouw with some options action, what are you seeing? >> with these big moves not surprising we saw two times the average daily volume in sofi, there was a lot of sentiment, end of the day the bulls eeked out the victory over the bears calls outpacing puts by two to one. the most active were the weekly eight strike calls about 24,000 of thosetraded fo about 18 cents i should point out those started to trade before the v-bottom we saw today. buyers were betting that's exactly what they'd get and that the stock would rebound above the $8 strike price by at least 18 cent strike price >> bonawyn, your thoughts? >> for a stock that lost half its value over last three months it makes a lot of sense enter in through calls to give yourself upside there the biden information isn't really news, people expected

this, you saw the moratoriums would likely be extended, it's 75% of revenue in terms of loan activity but the long-term is still in tact in terms of targeting younger, digitally-active consumers looking for other alternatives to older behemouth i think the story still makes sense. >> you wonder, pete, if the pauses won't last forever, eventually sofi would reverse some, right? if they're falling on the pause and the pause ends, is that the pause that refreshes >> could be, brian, but as of right now, if you take a look at the short there's 14% of outside shares are short. >> wow. >> you almost wonder too, is this a health right now where they are kltd a health right glam i is this a hedge they're buying the at the money calls it gives an opportunity to stay short or maybe increase your short.

so i don't know necessarily that this is as bullish as maybe first thought. >> i know a hedge fund manager, literally, he would short stocks of companies that name stadiums. because it lost focus. >> that's a good strategy. >> i mean, although go-go for citi bank at citi field, mets, opening day. this news wasn't necessarily unexpected bit market and not a reason to sell this stock down 65% is actually a company that's reasonably well positioned the question is what should the market do with company that's have crashed already but have technology and at some point are strategic partners for legacy players and don't hold that as your reason for owning it. but it's enormous asset. >> get cheap enough to maybe get taken out as a buyer more "options action" tune into the full show tomorrow 5:30

eastern. coming up the harvard of big trucking is what next guest is calling walmart who is facing a lot of shortage. a special shout out to those on the hokey event tonight. and shout out to our man, look at that. hokey nation >> they are everywhere. gd e are everywhere you want to be >>oofor them >> we're back after this when traders tell us how to make thinkorswim® even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim® web. because platforms this innovative aren't just made for traders -they're made by them. thinkorswim® by td ameritrade

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all right, welcome back to "fast money" another day another new all-time high for walmart shares double digits up hitting 52-week low since february announcing a pay raise and training program for truck drivers. your next guest calls walmart the harvard of the trucking industry let's find out what that means, greg fuller, founder and ceo of freight wave, a logistics market and recent article about doom to come for trucking companies. we'll get to that. what did you mean by walmart is

the harvard of trucking. >> the trucking jobs for walmart are among most selected and desirable of all truck driver jobs in america. walmart historically has always paid top of the market and quality of life tends to have a much better reputation than what you see from the general market. walmart is, the way harvard is compared as the destination school for a lot of students and dream destination for many, walmart represents that for american truck drivers. >> does it mean anything for the stock? or is just a nice compliment i know you're not a stock guy but do you think it benefits the company? >> it does they're trying to secure and manage their supply chain internally walmart has one of the best, if not the best supply chain of all of the retailers, in terms of managing it. and they have an unusual element where they own their own

trucking operations and trucking company and walmart as a trucking company would be a top three trucking company for-hire trucking company independent of the retail stores, so walmart making investments in their supply chain and specifically in their trucking operations will position them to respond to a lot of the supply chain disruptions that have been happening over the past couple years. >> hey, craig, it's tim, thanks for joining us this seems to be happening while freight demand seems to be cooling. you look at the trucking industry lost 5,000 jobs last month and the rest of the market, tight as we've ever seen, explain is this temporary? >> no it's not temporary walmart has been in the trucking business for decades, they're historically invested and when you make supply chain investments you're making it over the long term and the

pressure in slow down in freight is something that will happen for probably couple quarters at most but the demand will always be there and the difficulty of recruiting and retaining drivers will stay with us indefinitely it's a difficult job it's difficult to find new entry. and critical in a time on demand transportation and on-demand supply chain means whether a company is successful or not it is critical to have a smooth-running supply chain and frankly the demographics is not favorable for truck drivers, they continue to age, it's a very he difficult market and i applaud walmart taking this initiative to provide a career path for their retail store operations and warehouse operations to be able to double if not triple the income as a walmart representative. >> yeah, craig fuller, appreciate it, the article trucking industry will be in trouble if demand drops to pre-covid levels on some of the

stocks craig, thank you very much guy adami, these trucks, charts looking pretty ugly. >> they looked great -- jbht, all-time high two weeks ago. >> yeah they flip as fast as the fed. >> i like what you did, can i use that, i might, the stock is down, 25%. it's not just a trucking company though, they put things on rail road carts. >> logistics. >> thank you i happen to think jbht is a gift here at current levels. >> pete? >> i think you have to take your hat off and this is one more reason i think walmart is a stock everybody should be considering right now, brian, because this isn't something they're addressing for now, that's the real key element here that's what i think you communicated very good about the idea of, hey, look, if they can make the supply chain that much more efficient it turns them into a much bigger player and they're already as he mentioned

a top three player when it comes to trucking already. they want to reward their employees, there's a lot of things that go into this walmart mix that a lot of us over look, for a while it was overpriced but because of the gains over the last three earnings sessions this is a stock is finally one we can all own at these prices. >> if walmart is the harvard of trucking, is yale the target or target the yale i don't know pete najarian, thank you coming up, snake eyes for sports betting stocks, sinking in today's session, what's behind the drop contessa brewer with that next and april is financial literacy month. here's a young up and comer named guy adami -- >> no. >> you ever watch yourself on tv, it's grim. a deeper understand on wall street watch guy adami watch guy adami. . >> financial literacy has a huge impact on wall street, why, the

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there's two things you can say about the consumer right now, uneven and unpredictable. uneven, yes, you have those things, you have a very strong housing market and mortgage rates increasing, you have strong balance sheet but you see interest rates rising and credit getting higher and you have geopolitical unrest. >> that was best buy ceo speaking with cramer on the consumer catch the full interview top of the hour on "mad money" in a cup minutes from now let's move on to the sports betting slump. all of the names getting slammed today despite the fact you have major league baseball opening day.

it's day one of the masters. the nba playoffs are coming up everybody's gambling, contessa, as i call you tessa, everybody i know in new jersey, the states, is gambling all the time why aren't the stocks betting? >> only my friends call me tessa. >> that's what i told guy adami. >> and it does not matter -- it doesn't matter how excited we are over the sports calendar over the past week draftkings declined 16% cesars, mgm. they're all taking it on the chin on the heels of a record-setting ncaa basketball tournament an incredible march madness that included serious nba action. the super bowl of all of golf, and the super bowl of all super bowls of course, we're looking at the masters with tiger woods playing, look he's driving a lot of the betting action this week

bally's chairman told me today it doesn't matter, all of that is already priced in. >> and now the current momentum is, again, sports betters are now being lumped in with all of the other growth-at-any cost companies that now have to start delivering real earnings and people are going to wait and see. i think it's really just a wait and see. >> kim says that bally's is getting just punished in spite of prospects for brick & mortar casino success, says that doesn't make sense but holds true for cesars and mgm and there's a lot of facilities with great forward bookings, some may be concerns over gas prices or rising inflation eating into consumer consumer discretionary spending my sources are telling me they're not seeing it, historically they don't and

there's a lot of skepticism around digital business when they will turn a profit on sports betting, online sports betting and online gaming. >> maybe it does come down to balance sheets awho knows. contessa borough thank you >> of the mix i would look at mgm. typically i don't like asset-heavy businesses in a growth environment here you have a lot more levers to pull. whether meetings or gambling, things of that nature there's more diverse revenue stream. in terms of the general sector around the consumer will bleed into this and digital sports gaming specifically is question of targetable addressable market now versus the future. while federally things have

changed there's less than half the states allow game being so until you see growth there it is still them falling into that growth category. draftkings for example still isn't profitable company, one i own and like long-term but in this market those names are going to suffer. >> yeah. >> add on the concerns about the consumer that's going to be it. >> tough, 63 to 17 for draftkings next, your final trades ♪ ♪ nice suits, you guys blend right in.

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all good things must come to an end, including this show. time now for "final trades", let's go around the horn, bonawyn kick it off for us. >> micron, ticker mu boring, discounted good enough for me. >> apparently bonawyn had ginger chicken last night, i was wrong on the carbanara pete najarian. >> i love a good ginger chicken i'm going with walmart giddey up. >> nice. tim. >> i want it back. >> you're not getting it back. gold miner gdx i think it's consolidated after parabolic move you want to own the miners.

>> plus virgin, exquisite campus >> have you looked at valero. >> i used to drive a plymouth valero my mission is simple, to make you money i'm here to level the playing field for all investors. there is 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 the make friends. i'm just trying to make you money. my job is not just to entertain, but to educate and teach you, so call me at 1-800-743-cnbc or tweet me @jimcramer. the bull is dead long live the bull