huge opportunity for them. love the stock >> okay. as i said skechers is your pick. callaway golf down 5%. 800 flowers up 4%. appreciate it, lauren. see you next time. that does it for overtime. i'll see you tomorrow. "fast money" begins right now. >> live from the nasdaq marketsite in time square, this is "fast money", i'm melissa lee, tonight's trader lineup -- guy adami, brian kelly, karen finerman and pete najarian, co-foudner of marketrebellion.com. ahead on fast, flying high, rolling the dice, planes are jammed, vegas is booming, all of this despite inflation reaching new record-highs so how long can the good times last for airlines and casinos, plus, it'sbut rough as it eck giants report earnings, a pitch on meta, minutes away and rv wine blue line

not buying what the market is selling. we start off with markets shake off the record inflation -- nasdaq up -- as producing prices rose whopping 11.2% in march. is this actually a bad sign? one of our traders says it could give license for the fed to be even more aggressive brian kelly, explain your contraireian thinking here >> yeah, i've had to do that a lot in my life with you in terms of the stock market what i'm thinking here is we talked about the consumer, right, planes are packed, vegas is packed, spending hasn't stopped. but what the federal reserve wants is you not to spend, that's how they'll control inflation. they were worried basket wealth effect we talked about for 10 to 15 years if the stock market goes down too much the fed eases and want it to go up so you feel wealthy again. now it's the opposite.

the higher the stock market goes the more like li the fed is to be more aggressive with the rate hikes because they don't want you to spend they have to get inflation down. >> that is based on the notion bill dudley put in his piece last week, the notion what the fed needs to do to the economy to slow it down should bring prices lower on the stock market yet we're see the exact opposite today, karen i'm not sure what because yesterday the notion was peak inflation wasn't enough and today it's peak inflation an it's off to the races. >> yeah you're all worked up over this peak inflation we were talking about it before the show i think that build-up in the article is very interesting. i think that has been happening, not today. if you look at the market since november when they got rid of the transitory and started the idea of we're going to start raising, and start tightening the balance sheet, since then the market is down it has rallied of course off the

march low but i think the direction i feel the pressure on stocks one other thing is the colliding of inflation with the re-open trade. there is still that pent-up demand even though things are get -- getting more expense and people are dieing to go out and spend money. >> isn't that the headwind for the fed, it's fighting a consumer who really, really wants to spend because they weren't able to spend for two years, guy, and maybe the fed has to work harder, ie, hike more aggressively than we thought in order for things to kind of simmer down. >> we got a lot of people saying that listen, b k put it eloquently, you mentioned bill dudley and a lot of people, look at jamie dimon's letter, a lot of people are ringing the warning sirens but the market doesn't seem to care right now we'll see. in terms of the market it gives the fed a lot of air cover to do

exactly what they should be doing. i will point out as hard as it is to get inflation it's twice as hard to get rid of it with that said there are sectors that have been working and continue to work that brief sell off on energy on china shutdown and ridiculous word i'm choosing to use relief from the spr which any value will be short lived. i think the energy and resource stocks continue to work and i think despite lilly down, big cap pharma will continue to work in this environment. >> pete was your take on the market today. >> it was pretty interesting after the harsh selloff next that accelerated through the close and turn around today is almost the exact opposite. i don't know that one day actually changes a lot but if is something i know we have plenty we can chat about it but i think we have to see multiple days. we've got to see something where the markets actually do show something more than just a single day, i think, to really

be something the fed can hang their hat on and feel a lot more comfortable about what sort of rate to go with these rate hikes. that's something to keep a close eye on volatility still above 20. traded today above 22. above 24 yesterday there's interesting volume out there. to guy's point there's areas of this market that have been working and will continue to work and basically it's energy, materials, i think those are sector where's you can still see a lot more upside. look at nat gas today, up 7% or something like that. 5 or 6%. and then you look over at the price of oil crude back over 100 now over 104. it shows that there's some resiliency in some various commodities. >> you got to wonder when price increeps increases will hurt when it comes to consumer demand an interesting earnings report

overall today came out, talked about the ability to raise prices 5 to 6% during the quarter and talked about input and shipping costs to go higher in the first quarter and possibly the need to continue to raise prices as we go on as costs the continue to rise and we heard from amazon saying it will impose 5% sur charge on third-party sellers because of in-part fuel charges as well as warehouses and things like that, bk, it is working through here. >> it is and this is the risk to the market i don't know if this is going to happen but i know the market is not pricing in this sticky inflation. ifs we saw today let's say today is what everybody called peak inflation and we all decided on it you saw global bonds rise, yield go lower, currency you would have thought went up when a central bank raises rates and they went down so something change that tells me the market is pricing in and more they raise rates maybe

we'll get a recession, and fed will ease therefore we should buy bonds. the risk is you get sticky inflapgs and the fed never eases and then you have a real problem with stocks. that's why you have to watch oil. >> i think the resolution of the supply chain issue is going to be the thing that will break inflation from this level to where, i don't know. i don't think 2% is the terminal rate if you will. but i do think when the supply chain eases up there will be retailer who's have over ordered and will have excess inventory and i think you will start to see prices come down i had thought by the end -- by where we are now that the supply chain issues would have been resolved already. >> right. >> that hasn't happened. but i do think that phenomenon will exist when it does happen. >> the thing is part of the supply chain issue involves chip supply, foreinstance manufacturing taken off line for various reasons. now we are dealing with bottle necks that may not be resolved

even if russia pulls out of ukraine and there's a cease-fire tomorrow, a lot of what we're experiencing with energy, guy, to your point, in terms where to be in the market, will not be resolved there won't necessarily be an additional barrel on the market if russia pulls out of ukraine tomorrow that's not going to help prices. >> not at all. and i don't think you're suggesting this, so i'm not saying you are, but i happen to think that energy prices -- i mean, maybe taking a little long to get here -- but i think russia-ukraine sped up the process. i'm sure i'm on the minority on that one but fundamentals in place for energy months if not longer before russia-ukraine was even a headline on a news wire so i just think the energy story will be here and be persistent and prices take a long time, you know, a long time to abate so i think we're looking at this, we talk about peak inflation, i will give you two words that begin with pe, that's both tpesky and persistent and

inflation will be both in the future. >> yeah, that would be a huge problem, especially for consumers. pete, when you think about inflation, investing in this environment, people talk about inflation hedges, people also think about investing in the things that goup in an flarks -- inflationary environment. where would you rather be. >> are you giving me a would i rather. >> yeah, sure, call it whatever you want, if it makes you feel better and think about it more clearly, absolutely, would you rather be an inflation hedge or in things that will go higher because of inflation >> i think i'd rather be in the things that will go higher with inflation. guy hit the nail on the head we've been talking about this with ukraine-russia, obviously that gave a boost with energy prices, oil specifically, but the reality is that pace had already been set, and it was set

the day joe biden became our president. so it's something that was just continuing on. it had a nice, big spike then that pulled back. i don't know right now whether or not the russia-ukraine war, if we're calling it that, actually is still having that bi big of an influence on the price. right now we're seeing the shift of the price of crude, right now it will most likely stay over 100 for a while. the reality is this, when we talk about peak inflation, that's fine but the reality is not only peak but will we stay here for a while too many people interpret peak inflation to mean we hit the number and will drop to the down side don't believe that how long, i have no idea, but i don't think it's something we're suddenly within days or weeks suddenly going to be pulling back i think we'll be at these levels for quite some time and that's why we got a trade knowing inflation is here to stay. >> brian kelly, i will put the

question to you. gold or oil? >> oh, that's a superb question because they traded together today. >> yeah. >> i want to be in the belty of the beast, i'm long both but i think want to be long oil. look at how it traded. we had spr auction yesterday we had a huge inventory build today. oil dropped for about 10 minutes and then absolutely ripped higher bad news, bearish news, good price action, that's where you want to be if you're thinking about your portfolio long a bunch of equities, let's call it tech, why not get energy exposure as a hedge in case inflation doesn't start to peak. >> all right bank earnings kicked off today with jpmorgan reporting results before the bell, posting 42% drop in profits from year early and $525 million hit from market dislocations related to russian sanction, the stock falling more than 3% trading at lows since before january

karen, what's your take. >> when we opened you said sea of green all i is saw for jpmorgan was red there was a lot of things we expected positive, net interest was good, net interest margin good, trading revenue better, banking investment revenue terrible year-over-year. all expected but the real crux of the story, why it was down is oci, other comprehensive income let's simplify, if jpmorgan only had one loan on its books, a mortgage made last year at 3.5%. rates have moved a lot so the price of that loan will go down. if they wanted to sell it, the price would go down because rates are now higher however that loan is still good, the creditor is still paying, they're employed, their wages are up and the value of the house is up so loan to value ratio is even better however, you have to adjust actually on the balance sheet and it's a hit to retained earnings which is a hit to book value. so this charge will actually

make them do buybacks slower >> uh-huh. >> so that's not as good i'd like them to do buybacks faster if rates move back a little that oci will go the other way. that was a surprise, the magnitude of it. all of the other stuff was noise. i love jamie, i love to hear what jamie has to say about the economy and all that but that was a surprise to me. and this has me worried because i own i number of bank stocks. bank of america are we going to see the same oci hit sometimes the market reacts to the same news over and over again even though now we should all expect we're going to see this kind of charge again. so i am long citi i'm long, bank of america is my biggest position i am long wells fargo. i think we'll see more of that hopefully the market won't continue to punish it. at some point i will buy more jpmorgan. >> guy, traditionally we see banks move together basically out of the gate, or first two

out of the gate and then they sort of separate from each other, do you think we'll see that here? or what karen's saying, again, and again getting punished. >> i think you'll see banks separate karen mentioned the hit to book value. tangible book people were expecting for jpmorgan 72 and change it came in 69 and change, doesn't sound like a big deal, it happens to be a big deal, especially when valuations are in the cross hair. you start to do the math is jpmorgan worthy of two times tangible book, if so it's $140 stock. i think the market is saying make we have to ratchet this down and take a fresh look in terms of other banks separating themselves, i mentioned yesterday and will mention again today, pete was on overtime yesterday talking about goldman sachs, the huge sell off that stock ha seen, and how cheap it is in terms of tangible book value, i'm with him i think you can see jpmorgan

-- jpmorgan sell off. >> pete's been talking about goldman sachs for a while. i heard him on the halftime overtime and here on fm talking about it -- mike mayo talked about how he prefers main street banking over wall street banking. >> that's interest ing. i look at goldman sachs, because of the fact they're less of a bank, we put it in that category, everything's a bank. it's a financial i think they've got their own issues that they have got to deal with but quite honestly i think goldman sachs could have prize people we'll see tomorrow after earnings the reality is 52-week lows is one thing, that's really meaningless to be honest it's

more about what guy talked about tangible book, it was just 1 the other day, maybe it's 1.1 now something like that. meanwhile i look at jamie dimon everyone's puzzled why jpmorgan is falling after being up there at 160, 165, it just got too expensive and i agree with guy, it's still expensive i'm looking at it whether 1.8 or 2-point tangible book, either way it's a very expensive play given what they reported on. we knew some numbers would be bad. no doubt about it. goldman sachs will have numbers that will not be pretty either generally you can see goldman sachs is the golde-- tgoldman sd and they'll give us a big number. >> all right, coming up the number one worry on investors mind and shares of delta airlines ceo saying things are phenomenal do our traders agree

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welcome back to "fast money" airline stocks gaining altitude, delta posting a strong quarter and the rest of the group taking off too. let's get more from phil lebeau.

>> this is a testament how many people want to get out and go, whether for leisure or business, they are traveling guidance is the reason all airline stocks moved higher today. look at delta's outlook for the spring and summer, very strong demand and they see more people when they're looking are not getting basic ticket more are going with the premium cabin option, that's why the q2 profit margin guide 12 to 14% way above what analysts expected they expected low to mid-single digits this why when you listen to ed bastian who said it is a great time for the industry and particularly delta as they head into the summer. >> the demand is phenomenal. we've never seen in our company's history demand for our products and services at the level we are in the month of march we had the highest sale in

bo books bookings of any month in history. >> in march the revenue for delta topped monthly revenue since before the pandemic. not just it was pre-mandator it was better than months before the pandemic an indication just how strong the demand is right now. there are headwinds no the just for delta but all the airlines jet blue expected to remain high same time challenge of adding staff, delta hired 14,000 workers in the last year and half hand are going to be adding more all of the airlines are trying to ramp up because they have to add more flights two airlines we'll focus on next week as they report their quarterly results, you got united and american. we'll talk to the ceos of those airlines we talked about jet blue and the challenge in staffing. they trimmed the summer schedule because they didn't want the to

run into the problems of not having the staff to meet the plans that will be out there so they are trimming their schedule and we'll be talking about this with both the american and united ceos next week a big start to the earnings season for the airlines. make no mistake, we see it in the airport in atlanta, people are getting out and going. they want to travel. there's no doubt about that. >> they do, phil and i will ask a potentially stupid question you will scratch your head when you hear it, is there any talk about -- i don't want to say pull-forward -- because that's not the case when you take a trip but spending outof the travel budget right now for the year and not seeing that trip later on that you might normally see, because you can travel right now and people are going right now. >> ed bastian we asked him about that during the conference call, will we see changes in the patterns that we usually see, which is a big peak in spring and summer and it falls off in the fall and maybe you get the holidays where there is another

surge. he thinks it will potentially flatten out a bit. not only they want to go right now but they're also going to be going in the fall. we may not see the peaks and valleys we historically see with the airlines it may moderate a bit. to your point, melissa, the big concern in the industry, a lot of people out there right now, what happens in nine months or in a year, we've taken the trip, spent our money, if inflation is still there, if they are still feeling that impact will they spend as much when they want to travel is the big question out there. >> yep phil thank you. >> you bet. >> phil lebeau in atlanta for us pete najarian, you go, go, go forever, i know that for a fact but what are you thinking in terms of the airlines whether people keep up this paps of travel pace of travel. >> i agree i thought it was a great question, actually the biggest concern i would have is demand sustainable? i know they're projecting, yes,

it will be but i really do wonder on top of that, how about the fuel cost, the labor cost, all of those things that factor into what's next for the airlines they've had a great run, and i own jets, i own some calls in southwest, i own some in jet blue as well i think the reality is, are we at a peak right now because of the fact that people finally get an opportunity to get back in the plane, spring break, all of those different things, are they going to be traveling now as we ghitelman into the summer time get into the summer time that's a interesting question, i don't know the answer, but i'm cautious because of it. >> all airlines have been sideways in these channels, we're now right at the top of those things so there's some resistance there even if you think this going to be a sustainable trend you may want to wait a little bit to see how these things trade and get some of that froth out, because, you know, you're not going to

miss anything, it's not like they are at 52-week highs and going higher if it is a sustainable trend you have a long runway so wait a little bit and get some froth out. >> we're just getting started on "fast money" here's what's coming up next. >> announcer: please keep your hands and feet inside at all times because big tech is on a roller coaster ride. should you buckle in for more? or is time to head for the exit? the outlook on the fame names ahead. plus on the road again one wall street firm says you should drive right into this name that trade, next, you're watching "fast moneyli fro" vem the nasdaq marketsite in time sq square, we're back right after this it's everywhere. but for someone to be able to work from here, there has to be someone here making sure everything is safe. secure. consistent. so log in from here. or here. assured that someone is here

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welcome back to "fast money" markets rebounding today after three days of losses and the continued volatility had us wondering how the retail investor is looking at the moves, here to discuss, co-foudner of company just a announced latest funding round $53 million, we'll get to that, but i want the to ask you the mindset of the retail investor at this point, if they're shying away or investing through, what's going on. >> what we are seeing, ellevest, you may have heard -- the women is attrition rate remains low, they're continuing to put assets to work mostly because they have recurring deposits, it's set it and

forget it. >> are they setting different things >> no diversified portfolio to achieve goals. of course we get questions about should i invest in crypto or bitcoin but in general it's, i have goals, i want to achieve them and this is a diversified investment portfolio that will hopefully get me there. >> when you see a big down or big up day does that change the flow is a contra indicator? what happens? >> no we put out so much work karen on staying your ground and if you're fortunate to invest in a down market historically you would have always won. right? if you put your money to work in the equity market on 15-year period, 99% of the time since the 1920s you had a positive return, if you had recurring deposits it was 100% of the time that kind of messaging of don't freak out over it and just keep moving has been such a winner

historically >> you've done an amazing job demystifying this for people speak to how important it is specifically your client base to feel empowered, and they're talking to friends and bringing in family, and the community continues to grow. can you speak to that. >> i would address the word empowered, i would actually argue women do not need to be empowered and they just need to recognize it and par it's of that power is majority of their money is sitting in a bank account which is not good in most time because of course in an inflation environment is worse so our company is founded as the investing company built by women for women, we talk directly to them and about issues that really effect them, like the fact they're probably going to live longer 80% women die single 90% manage their money on their own at some point in their lives. so having those conversations

and having them feel seen and having a product we spent two years dog research on women t we spent two years doing research to build a product around women to enable to them to build with confidence and our growth is accelerating because they tell someone and they tell someone and they tell someone. >> with the money you raised according to my notes will you be hiring people, time to grow the platform, expand i wonder what you saw during the pandemic we saw a wave of retail investors join the market and we talk about them on fast in the context of reddit investors, meme stock investors not to say a cohort of those investors are not your client base either it certainly can be complementary but what have you seen >> we saw during the meme stock some customers wash in and wash out but what they actually asked us for during the pandemic, you're not going to believe this is, is, i want the a career coach. i know i know i did the same thing i'm like what?

you know we're an investing firm and essentially when you look at research around women and money they're like, i want to earn more at work most companies are like, would you like the high-interest rate checking account so my team said we need to hire career coaches and i said we'll test anything and that thing has taken off. what we learn about women if i trust you as financial visor can you help me earn more, save more, spend less, invest more. that's where we're putting a bit of the money is career coaches, certified financial planners, private wealth adviseors in addition to investing in the core business. our goal is not to be a product. our goal is to be there for women to surround her as she goes through her money journey. >> sally, always great to have you.

krawcheck of ellevest. you talk about a lot of robo investors, investing platforms in context of morgan stanley but this is a different offering >> right this is very bespoke, right and it's really amazing what sally is doing because not just about have a 60/40 portfolio we'll talk to you at the end of the year. here's your statement. right? it she's talking about doing then entire life cycle plan, which is a real niche cleernd and clearly something needed. >> i'm thrilled with the $53 million raise, it's hard to raise money and to get it done in that environment, meanwhile fintech is trading not great, as

i'm sure you saw, yet, were able to do it, full disclosure, i am an investor in ellevest, i think sally is the best. i mean, fan the. >> she's got a lot of fans on the set. and out there. among traders. meantime, winnebago popping 3% today after the buy rating saying the company's market

share has accelerated in the palatnikov month past month down 21% year-to-date. it's interesting when you think of something like a winnebago, we have a fast pitch for you, our pitcher is getting ready to throw some heat. when "fast money" returns. [sound of helicopter blades] ugh... they found me. ♪ ♪ nice suits, you guys blend right in. the world needs you back. i'm retired greg, you know this. people have their money just sitting around doing nothing... that's bad, they shouldn't do that. they're getting crushed by inflation. well, i feel for them. they're taking financial advice from memes. [baby spits out milk] i'll get my onesies®. ♪ “baby one more time” by britney spears ♪ good to have you back, old friend. yeah, eyes on the road, benny.

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welcome back to "fast money" amazon today seeing a big bounce while meta barely made it into the green. next guest says there's opportunity in some of these names. money manager, lizzy evans, why do you like the company formerly known as facebook? >> thank you, melissa, i'm excited to be here today first meta has extremely healthy financials and trading at 44%

off its 52-week high with forward pe of 17.3 times compare that to it's five-year historical average of 24 times i think this is a rare opportunity for investors to buy at price levels we have not seen since 2018 not to mention that meta is an ab absolutely cash cow, they have $48 billion in cash at the end of year, no debt and boasting a free cash flow yield of 6.2% and they're aggressively buying back shares this is the type of financial profile i really like in today's market next to meta -- >> go ahead, sorry. >> no you're fine, meta is very well positioned in the themes of tomorrow melissa, one stat i absolutely love is that they have -- if you look at their family of apps, there's 3.6 billion monthly active users out of 4.6 billion people around

the world that have access to the internet if you think about that they've penetrated 77% of their total addressable market at a point in time when digital advertising budgets are expected to be up 16.2% this year. and last but certainly not least mark zuckerberg. love him or hate him, the guy is a fierce competitionor and i agree with jim cramer that zuckerberg is meta's secret weapon i think the company is an an inflection point and will see him pull off a trifecta, will transition and monetize reels, things they're overcome, apple privacy challenges and longer term we'll see a transition to web 3.0 and the meta verse. >> pete, you got a question for lizzy? >> sure, lizzy, questioquestion agree with almost everything you were saying but how concerned

are you with the cost we're talking about in billions of dollars mark zuckerberg is putting into the meta verse. that's an investment now that will not pay out for many, many years. are you okay with that >> i am. you think about meta it's a great question. it's a $10 billion drag on their 2021 operating profit. what people aren't talking about is $6.6 billion drag on the 2020 operating profit but year-over-year the operating margins have improved. so every company has short-term, medium-term, long-term goals meta is in the business of connecting people. i think this is a long-term goal and absolutely makes sense that they're investing in it and are on the forefront. >> lizzy thanks for coming on "fast" we appreciate it. lizzy evans. >> thank you for having me. >> it's time for traders to vote are you buying lizzy's pitch on meta, guy? what do you say? >> can you read my smart board

melissa lee? are you able to read that? >> says, i'll make it jimmy chitwood # gsb. >> jimmy was in the movie "hoosiers" i mention that because lizzy hails from indiana, she trained the winning bucket into earnings on the 20th i think you want to stay long facebook. >> all right, bk, what do you say? >> for me, as a big no and two reasons why, she talked about 77% -- this is about network effect it's already grown. number two, estimates on operating earnings are way too high, no way they'll get 47% margins. >> split so far. pete, what do you say? >> i'm a buyer i've owned this thing since the very beginning and will continue to own it. i think zuckerberg will be a

genius with this meta verse. they have the cash to do it, it's a buy. >> karen >> yes, that's thumb's up, unrecognizable, you had me at low pe, cash flow, i love it all, i'm long. clearly hasn't worked this year but i agree with everything she said >> the traders have spoke on are you out there buying lizzy's pitch on meta, vote on the twitter poll and we'll bring results later in the show. coming up what investors is looking at gap "fast money" back in two d pure moisture lotion. 24-hour hydration. no parabens, dyes, or fragrances. gold bond. champion your skin.

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♪ ♪ welcome back to "fast money" check out gap topping the tape, looking at its best day, locking in its best day since january 2021 on rumors of potential activist, according to records, activist looking to spin off brands including thletica, and two firms already holding small stakes in the name pete, you saw some call buying in this one? >> we did, mel when you take a look at the short interest takes you back to the day of amc and others, not quite that big but quite frankly when you see 18% of flow, you

know, it really is high numbers where we're talking about in terms of short-interest. we did see call buying in there right out of the gate as soon as we got the opening bell they came in and were buying very, very aggressively. the april 14 calls so you know those expire tomorrow they were already in the money at the time they were buying them very interesting to see this they got a pretty nice squeeze today. don't know if people took it off, didn't look like it, but definitely interesting as that stock exploded to the upside early. >> shave off meta and the rest doesn't look great. >> i wouldn't think management would want to the do that. maybe will be hard to force them to do that but i can't believe the options that many trade for tomorrow ha ha. i don't know that's "fast money." >> yeah. from shopping to semis, taiwan semi on deck to report quarterly results overnight despite recent pain in the chip sector, tony

zhang will break it down. >> they will report tomorrow and options trading more than three times the average daily volume the average market right now is implying a sizable move of 4.7% versus the average over the last eight quarters only 3.5% one trader took out a fairly simple but sizable bullish trade buying 6,000 contracts of the april 28th 109 calls for average price $97 cents and additional april 28th calmed for 99 cents laying out just shy of $1 million in premium betting taiwan semiconductors will rally roughly at least 10% over the next two weeks >> guy, you're saying this is going to be a very important one to watch >> i think it's huge i think you really can tell the tell for semis over the next couple months. taiwan semi is one of the most

important companies in the world. stock is off 30% since that high we made back in january. i think the set up is really good into earnings but they better beat and raise, in my opinion, for this stock to have that 10% move. but in terms of what it means for semis going forward you absolutely have to have this on your screen in next couple days. >> all right, tony thank you for more "options action" be sure to tuned into the full show next friday 5:30 eastern time. coming up casino stocks winning big but is inflation about to make vegas go bust details next and are you buying lizzy's pitch on meta, vote on our tttwier poll, "fast money" back in two it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position.

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have been setting records every month for a year biggest operators on the strip, cesars down -- mgm resort off 8%. group business is of course rebounding las vegas convention center booked a number of shows international travel is coming back leisure travel lifted las vegas to record-set something profit margins but can it last, gaming ceos see big challenges this year according to a survey that will be released next week by american gaming association. derek stevens saying they are just starting to see the impact from high gas prices on the crowd, tall tell metric strengthening atm withdraws, and there's not historically connection between fuel cost and gaming revenue and

others are not seeing any impact. >> contessa thank you. guy adami, all of the reopening tradetoday was on fire. >> uh huh. and i think the casinos back half of the year, that's something we said late last year that the second half of 2022 i thought casinos, airlines, all these travel-related names will have huge bids to it, i will stand by it. wwnn was 143 before january 2020 it should get back there and i think these things could trigger to go higher dpaun trade as you know. >> obviously pete, which do you like? >> ha ha oh oh, man the dawn trade yeah win in las vegas stands, biggest exposure is mcco w the

percentage is weighing on the stocks especially with what's going on right now as we speak once that does reopen i definitely reopens i agree with guy that it can take off to the upside as i look at the names, i don't know, cesars, some are interesting. i'd go with the big boys, las vegas sands most likely. >> you know what do? >> you sell them and when you are done you sell them again these have been dead money for a long time. if you are worried about airlines not being sustainable and if you're worried about gas prices you should be worried about casinos. sold to all. >> let's say you want to the be in the reopen trade karen what stock would you choose. >> i have a couple, i have live nation and i have ulta i have some calls i sold yesterday, 4.25 in may were 19, seems like a lot 3r50i7sed in.

priced in long ulta. short the calls against it >> by the way we have a few minutes to vote for lizzy's meta 'lha go to twitter wel ve the results and final trades next. new investors can open an account and get $101 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 investing 101, reimagined. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

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! or you won't, probably won't. and it won't impact your future whatsoever! talk to us about college planning today. feel comfortable about tomorrow. massmutual.

. welcome back to "fast money" time to find out if the viewers at home are buying lizzy evans's fast pitch if what a close one but 52% said no, probably because three of our traders liked the stock. it's time for the "final trades". let's go around the horn that works without fail, the contraireian indicator pete najarian, final trade >> i'm going to with gold. gdx, i think it's going higher and miners will explode to the upside. >> guy adami >> new mont mining all-time high i know you missed the jimmy chidwick that's okay energy, psx. >> karen finerman. >> i'm going with lizzy and 48% of our viewing audience, i guess, i like meta for all the reasons she said, valuation

mainly. >> brian kelly >> pete mentioned some shiny rocks, i don't have the bank account pete does so i got to go to the poor man's gold, silver both looked really nice today. traded well with oil good hedge in your portfolio. >> all right, thanks for watching "fast money", see you . "mad money" with jim cramer starts right now. my mission is simple, to make you money i'm here to level the playing field forall 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 help you make money my job is not just to entertain you but to educate and teach you. so call me at 1-800-743-cnbc or tweet me @jim cramer which is it? are we headed for a frightening future or are things the best they've ever looked? right