earnings in overtime? >> nothing that seems it will have coattails. nvidia moved down. we will see if it spills into broader semis. that has not been a group that has been contributing much. >> even now looking at two or three quarters. >> good stuff. thank you as always. he will be back with us for his last word. fast money begins now. a slump and a break in the clouds. we have a couple of eyes on after hours moves. we have the numbers and are breaking down the moves. >> a palatine push. share is seeing their best days after announcing coming to

amazon. i am courtney reagan in for reagan lee. we are live in the heart of times square. tim seymour, then nathan, and julie beale. thank you all for joining me here tonight. s start off with a big earnings miss from nvidia. the stock dropping after eps and revenue came in sharply lower than expected. >> just like you said they are reporting a tough quarter as we had expected. revenue coming in at $6.7 billion versus the estimates of $8.1 billion. i want to talk about this. those estimates were not revised down two weeks ago when they came out with the revised guidance on revenue. that is actually in line. it is excluding some items versus the $1.26 per share.

guidance for this quarter $1 billion lighter than expected. they do predict margins will improve significantly. the company is hoping to see growth in data center business to fill the gap in gaming. they are looking $3.81 billion in revenue. that is up 61% year over year. the ceo warning in the release of a tough environment especially in the supply chain. also pointing to auto chips as the opportunity. the call is just kicking off and we will be back with any updates you need to know. >> we will come back as a news warrants. then, i want to start with you. what do you make of the good news in the data center? let us start with good news. i am feeling a positive day. what do you think about the data center revenue up 61%? that is not that. we knew gaming was going to be

bad, right? >> i think that is a great focus. the ceo and company are focusing on going forward. make no mistake. these two consecutive guides on revenue, these are massive mrs. that guide the were was close to 20% when they did that a couple of weeks ago. this one is about 15% in revenue. like steve just said, it fell off a cliff somewhere around 46% and expected to move back to 6%. the good news is two consecutive guides like this that are just horrible were probably one quarter away from a trough, if that helps at all. the stock went out 14 times sale. this is a $440 billion market cap company who is seeing massive margin degradation. they are seeing not a lot of visibility in their business. right now, i think it is a hard name to buy at these levels, given all the uncertainty we have. 35% of their sales is the

gaming business. i get it. i know what the other parts look like in the growth businesses and data center and automotive. a lot of things come together in a different environment for them to now the next quarter to. >> if you look at numbers i am looking at the gaming segment. from the first quarter it was 3.6 billion and now it is over 2 billion. that is a pretty huge drop-down. as we look at the gaming segment we are talking about the chips that run these big computers but then our mining bitcoin or other crypto currency. is a play on their the direction or less so because this business unit is so much smaller than it was? >> i don't want to pigeon and tie them to crypto. i think if anything put them in gaming and put them in data center. auto is up 45% year over

year. i think they saw their business get better and where they actually saw some relief on supply-chain especially and auto. year-over-year revenue is up 3%. that is not good enough for the market here especially looking at 36-37 times. at this point it is hard to say to get really fired up. what is disappointing is we had numbers. they had already taken a hit on the environment. they missed even more so on gaming. gaming doesn't bother me. we would be more concerned on the enterprise side. it hasn't had the same kind of boost that some of the semis have. i think you see that in this performance and the aftermarket. >> i see your point.:, i saw

you nodding. viewers can't tell but i certainly could actually got worse from there. what is your take on what happened and how we trough or do we need another quarter to get there as dan was talking? >> what is concerning is in order for this to work, gaming has to recover. it cannot be driven on the back center or automotive. both of these are not nearly as reliable as we would like to think. if there is a major wholesale recession you will not see that level of spend. digitization when i take off. i don't think the u.s. consumer is nearly as strong as we would like to be going into the holiday season, when gaming is so critical. i worry a lot about what the rest of the year looks like, but on the very long term, this is a company that is well- positioned. it just have a lot of it just has a lot of operating leverage so it cuts both ways when revenue declines. >> that is a big revenue decline or a big revenue miss

when we are expecting 8.1 even after this morning and they came up with 6.7 billion of revenue for the quarter. >> we just have to hope that they really are cleaning the deck. i agree with what everyone on the panel said. the stock is a lot lower than it was, but it is hardly cheap. we don't know maybe this quarter will be the bottom. this used to be considered a cyclical industry. it is reflective of no cyclicality to the business. i think the miss as a julian and you guys talked about our concerning. that is just not happening. even though it is down, i don't think it is cheap. . >> you're not ready get. we are sitting below 167.

jean, i understand your positive going in tonight. are you still? >> i am more mixed after this. the reason is just the magnitude that this business has hit the wall. it is quite remarkable. last year the business grew at 60% for the october quarter. they are guiding for a 70% decline. that is about as big of a slowdown as i have ever seen. the reason is because gaming -- they are flushing out inventory. gaming is code for crypto. that is when those sales go through. this is a part of the hangover for crypto. the piece that has shifted from commenting regarding this too, it is rare when you see the big slowdowns. it is rare that it bounces back any subsequent quarter. at a minimum, they are not going to expect the business to bounce back in the january quarter. what that means is the stock probably isn't going to do much

between now and then. i do stay generally favorable on this for all of the major tail and that are on this. i want to point out when that is a technical tailwind which is the easy come. the pain of the october down 70% to the gain of investors looking more optimistically about gross a year from now. secondly it is around automotive. it is 2% today and auto models automotive and robotics it can be much bigger than it is today. it will take many years to get there. the bottom line, no need for further action for most people. at the beginning of next year it will be a good time. >> it is dan. your commentary i think is spot on here. listen, i think we would all like to be a bit more positive about this story because of all of the leverage they have to pull and of these emerging technologies over the next few years. where i get tripped up, especially with the stock being

cut in half is valuation. where should a company like this trade on the market cap it has at 14 1/2 times sales this year and 12 and half next, this is not where a company like this or a stock like this troughs. >> agree. maybe to put some context, this is a $425 billion market cap. they don't have the same growth profile, but those are 125-$150 billion. this is a much higher price. you pay for the growth. there can be a reckoning. again, i am thinking there is no need for further action. the bigger question i am asking is we get to the point of next year. the fundamental question i will be asking is how strong are both tailwinds? to your evaluation question, historically, these companies have not withheld the test of time. historically, chip companies have come and gone. there are changes in chip architecture. ask any intel

investor who has helped the stock. it is up 28% since then. that is an example of a changing guard. nvidia was up 7000%. you need to be cautious. i am not at a point today to answer the changing of guard question. i still think nvidia is in a great spot but that ultimately is where the evaluation comes down. if they can keep growing the stock is cheap. >> any readthrough's before we let you go on some of the other competitors? are there other names we should be paying attention to now that we have full details? >> i still think intel is tracking. there are some favorable pieces. the have a lot to do. i think this is a multi-decade peace. i think it and tells a relatively good position around that.

>> interesting stuff. i always love having you on. thanks for a quick reaction. let take this around the horn. what do you make of what he had to say? not really fully out there to make a new call >> they are running into some of the same headwinds other companies are. i mentioned after the july morning downgraded the stock at 560 and earnings. those numbers mean the evaluation gets that much more expensive. if you are trading the stock, it seems like your collar is somewhere around 150 which is the downside of where we got to.

really, it fell apart at 180. that is where we run into the 100 day. that is another place where i think the stocks, take a break on the upside north of 180 or below 150, i think you stay out. >> we are right in the middle of the trading range for you. coming up, we have more movers on deck. they are both on the move after they report different directions. we will bring you the numbers next. >> for plus, all eyes on the fed. the conference kicks off tomorrow. the top market forecaster joins us to bring on what we can expect. don't go anywhere. fast money will be back in 2 minutes. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks.

let's create smarter ways of putting your data to work. ibm. let's create it takes a village to support society and businesses have a responsibility to support that village. ♪ ♪ i am peter akwaboah, chief operating officer for technology, operations and firm resilience. when you think about diversity, the employee network group is fundamental to any organization to provide a community and a belonging environment for the employees. they provide an avenue to support employees and ultimately it leads to retention of the best and brightest. the employee network represents the community at large, and it provides a good feedback loop to senior management to make the appropriate decisions, which ultimately contributes towards the bottom line. if you're thinking about growing your business, if you're thinking about driving the business forward,

inclusion is a strong part of this. i am peter akwaboah and we are morgan stanley.

welcome back too fast money. we have earnings on a couple of stocks. let's start with salesforce. frank holland has been listening in on that conference call. frank, what are you hearing? >> let us listen to the call. siding currency.

we will get to that in a second. sought guidance for the current quarter and the full year. it appears to be what is weighing on the stock when you look at the decline. the current quarter hit the hardest even top and of eps to guidance. eight cents below estimates. despite the revenue in the quarter, those were actually below estimates. that is where salesforce gets almost all of its revenue from. also for a second consecutive quarter, no operating margin guide. that is something analysts have keaton as a key metric. cells forces of reaffirming the four-year margin guide over 20%, quarter one with over 18%. a lot of questions of how the margin expansion will happen with the current impact the company has been siding. also, one third of the business outside of the americas. they had a good quarter but the dollar had an even better quarter. >> i guess that is putting it lightly seeing there are 20 year highs. thank you very much. let us trade this one. , what did you make of the

quarter? maybe less the quarter and more the out source. >> i think you want to think about enterprises spending in general. based on some of the things we heard from nvidia and brady taylor is saying, they are talking about a more measured buying environment. again, if you think of all of the data we are trying to figure out, whether we are in a recession in the u.s., whether europe is in one or whether there will be a global recession, these are the things you start to say okay, things might start snowballing here a little bit. measured buying is going to turn into the source of decline we are seeing in revenue from a company like nvidia. this guide wasn't particularly great and a lot of these companies have yet to really have that where you really can reset for the year. again, i don't think this one

is a by right here. the guidance wasn't great. they probably should have really thrown a little bit more at the forward guidance not given the margin guidance and that is also a problem in my mind. >> interesting. i'm not sure if they don't know how to forecasted themselves or if there was a deeper reasoning. julie, what did you make of this one? salesforce obviously a pe of 47. not necessarily cheap, even if you have a nice buying opportunity after a down day opening tomorrow. >> fundamentally looking at this business, i agree. the forward-looking indicators are not positive. i think the margin you're going to see a lot of enterprises thinking about pulling back on their spending in terms of what they are spending on labor but also these kind of subscription software services. what actually blew me away about this release was the free cash flow. it was one third what guidance was supposed to be. if you look at this over the last five years and you backout acquisitions, which are a cost of doing business, this hasn't generated any cash in five

years. i worry a lot about this being built solely on the ability to acquire businesses, use it to fund their growth, rather than the fundamental earnings power that it has. you see that in the operating guidance that they are not willing to give. >> very fascinating. of course, you want the businesses you have to grow and not acquire new ones. we will pivot to snowflake. it is a different story. shares after the company talks. they are trending up about 18%. frank holland doing double duty. hello, frank. >> hey! actually hopping off the call. analysts asking the question. one thing they are focusing on is the growth and product. snowflake appears to be moving higher on upbeat guidance and growth of the key metrics that analysts and investors believe. evaluation is more than 1000 times forward earnings. we were talking about what salesforce was at 37 times.

above estimates for the next quarter and the full year. also, better than expected growth for customers even in this uncertain macroenvironment. revenue growth from current customers at 171% in line with the growth we have seen in previous quarters. outlook leaning toward expectations of not only increase growth but increase profitability. p categories including product where it gets the majority of revenue. also, full operating margin and margin expansion when it comes to free cash flow. >> a very interesting quarter on this one. karen, what do you make with what is going on on snowflake? investors like what they are hearing. i know the call is still ongoing, it sounds like? >> obviously, businesses are willing to spend and their customers are willing to spend. they have the unique motto where you pay what you use.

the margins here you increase the revenue to which they are talking about with the margins being as big as they are. they were 72% or 75%. one was gap adjusted. that is a pretty fantastic margin. even though this one isn't teat cheap, it makes sense. the have that kind of revenue growth when all around you are lower than that. it is pretty impressive. >> absolutely! tim, what do you think of this? this is a rich valuation. >> it is a rich valuation especially when profitability has held this. this has destroyed the high multiple stocks that aren't making money. if you look at the bounce here, there has been some short covering. as noted, this is a consumption- based model. the data analytics are things people need and are not coming back on. there is major contracts they are closing in on. i think it is a name that

doesn't surprise me that you are seeing this kind of a surge. the sentiment had really been awful. i think a lot of people were questioning whether they did have the pipeline that they do have. this is reaffirmation. again, it is a company in this environment that you will see a bounce and i don't think you are chasing that bounce. >> there is a bounce right now of almost 18% after hours. by the way, they are both salesforce and snowflake. you don't want to miss the exclusive interviews during the top of the hour. coming up, more earnings to get to. tonight, these are in the retail space. we will bring you those numbers: straightahead. jackson hole jitters. investigators are waiting for any update this weekend. what can we expect from the ntl-nkymsiceraba spoum? we are back right after this and we will talk about it all.

firs (vo) is three hundred and ninety-one thousand four hundred and thirty-four square feet... enough st ce for your ambition? loopnet. the most popular place to find a space. under pressure this is the man you turn to. this is your difference maker.

go kick the ball to mommy. hah, you see that? he's a natural. i just need a little bit more. you're making all the difference out there kid. he's america's next big export. no pressure right? pressure, pressure? pressure, pressure, pressure. pressure, pressure. so where do you think this pressure's coming from? everyone. don't look at me. i'm just here for the mints. [ cheering crowd ] so much pressure. pressure makes diamonds. true. pulisic! he scores! incredible!

welcome back to fast money. wall street seeing green with the major markets breaking three to get three-day losing streak. the move coming as officials get ready to kick off their summits tomorrow. how can we expect markets to react from what comes from the central-bank the coming days? this has been the big question. now it is really upon us. let us get more on what to expect with market forecaster. he runs the research. jim, any expectations that chairman powell and the other speakers will make any action toward this pivot we have been talking about or is it steady as she goes? we have a long way

to see what the policy that has already been enacted will actually do. >> i think it is as steady as it goes. it is way too early for the fed to consider a pivot. let us talk about what has changed in the market in the last couple of weeks. back in july, the fed said they would abandon forward guidance, which is a fancy way of saying they will tell you what they are going to do before they do it. they would be data dependent. the markets are good. you will see data that is going to give you reason to stop raising rates by the end of the year and start cutting rates by the middle of next year. in the last couple of weeks, there has been some doubt cast on whether or not the data is going to come to pass. the fed may see reasons to continue to raise rates in the 23 or at a minimum not cut rates until 2024. i think that is what is giving the market jitters. i expect chairman powell will reiterate that. it is too early to be talking about a pivot. there is little evidence that the labor market is really hurting. there is some, but not enough to get the fed to stop

from the primary mission. it is fighting inflation. >> jim, it is karen. thank you for being on. i agree with the pivot. what is it that you think the fed needs to see in terms of inflation or economic data that would make them pivot? >> i think the focus is going to turn to core inflation. if you look at year-over-year core, there is a possibility in the next two months that it could make a new high. the old high at 6 1/2% year- over-year in march. if it doesn't make a new high we will come close to it. i think they have to see that data start to come down. right now what we are seeing in headline inflation is just crude oil and more specifically gasoline. we could get rid of all of the analysis. let us have an emotional reaction to the price of gas. it seems to be all that is driving these markets.

you show signs that core inflation has really peaked and it is up in the air whether it has right now. then i think the fed may start to consider a pivot. it is way too early to say that. >> what stood out to me is the comment you said we are not going back to the pre-covid economy. explain what that means. obviously we have a fed that will be in a different place. we have a market that doesn't have it put but what about the economy? >> you hear a lot of people talk about when it returns to normal. it is normal right now. this is the post covid normal. it is a different economy. we are not going back to the way things worked in 2019. specifically i mean work from home, our consumption basket has changed. the sooner we recognize that and the sooner we can get about fixing the problems with the supply chain and inventory that retailers because they are stocking the shelves with the wrong stuff. we need to understand this is a different economy. that does not mean dystopian. it means different. i think this is also leading to

more inflation. those that talk about when things return to normal, when the supply chain corrects itself. when everything goes back to 2019, the and train was packed with people and everybody goes back to the offices in midtown, guess what, i don't think that will happen. when we recognize that is not going to happen, then, we can get this idea that there is a post covid economy which is not the like the pre-covid economy. >> very interesting thoughts. thank you for joining us. i want to trade this. tim, i would be okay if it was a little less crowded. generally, i want economic growth to be pretty strong. what do you think we will hear from jackson hole and what does the market needs to hear if they are telling us we are not going to give so much transparency? >> if only the problems on the subway are bad the crowded miss of them. that is the least of it. what we want to hear from the fed that they will be data dependent. we have no idea. what we should expect is more

commentary that will have nuances that people can read in each direction. make no mistake, i am in agreement with jim. i think this is a labor market that job losses and some we are seeing we are finding people have 2 or 3 job offers waiting. the participation rate is low. the labor market will be resilient. it doesn't mean i think -- we are at peak jobs but it doesn't fall apart. i think that labor is something the fed will have to fight. the globalization factor -- globalization is dead. that was a deflationary source for the last 25 years. for people to think yields have moved lower, the impact on the economy i don't think we have seen a bottom in yields an obvious had have a 10 year. the fed needs to be -- the fed does not need to tell us everything on their my. i think they have spent too much time in the last five

years trying to be overly transparent. >> i guess he points out that howell was jackson hole speech that was 100% wrong. maybe it would be okay if they didn't tell us everything all the time. i see you are nodding. there are a lot of threads we can pull. i like the idea that maybe we are operating in a new normal. we need to sort of get used to things and give ourselves a recent. maybe 2% inflation isn't normal anymore. what do you think we should expect the fed to say if none of us know what normal means post covid? >> i think it is on the fed right now to have a lot more clarity on whether or not there is going to be this pivot. everybody is super excited about it. it would be great, right? i don't think that is a reflection of where we are in the economy and certainly where we are with inflation. let us say inflation has peaked. 8 1/2 is still very high. it is critical to fight that. we do not want to end up in this where they had in the 70s where they didn't do enough to make the recession happen and have a full reset. the idea we should be avoiding recessions is silly.

the cycles are a normal part of how things work. there is a lot of good creative destruction that happens and we want resilient businesses. longer-term, i agree. i think this will be broken for years. i think we all need to bear in mind that it is going to take time for any semblance of normalcy to occur. we are in constant pendulum streaming. >> we are excited about what chair powell hast to say. >> kate rodgers, what is going on? >> amazon will shutter amazon care into virtual and in-home healthcare service by the end of the year. this was initially awarded by the washington post. amazon care has half a dozen corporate customers. includes hilton, pelican labs,

free core and whole foods. the washington post reported workers were told the service was shutting down because the customers did not see the value in the service. as you mentioned, shares were rising by more than 5%. good rx an american also gaining traction in the after hours. back over to you. >> interesting stuff. more amazon and health news at least are somewhere related. thank you kate rodgers for bringing that to us. coming up, more earnings on the way. shares of williams sonoma and victoria's secret on the move. we will break down those numbers next. stick with us. fast money will be next.

welcome back too fast money. we have an earnings alert on victoria's secret. just dropping after they messed estimates and worn week thousand the next few quarters down more than 7%. what do you make of this one?

i cannot say that i am surprised they missed expectations. we know this middle-market consumer struggling and the company itself is going through quite a bit of a brand transformation. is this viable at all? >> it is cheap, but it should be, right? there was a lot of things going wrong. this guidance is really terrible. the estimate you could drive a truck through which tells us they don't have a good handle on their business. it is difficult. the mall-based store has been challenged. then, getting to your point, i am not exactly sure exactly who the victoria's secret customer is, but i would think there is a big overlap with some of the customers that norstrom was talking about or bloomingdale' . i would think there is a lot of overlap with the customers. at every turn it sort of challenged. the price is cheap. it should be cheap. i would stay away. >> that is my biggest question

when i think of victoria's secret. it is a fundamental story. i wonder if the heyday is behind it. that was a brand that fit in a different moment in time. i think we are all a little more awoke by what we believe our definition of beautiful is and i am not sure it fits what victoria's secret is. it is cheap. is it viable? is there a possibility for a turnaround that would make sense for you to enter now? >> i don't think so. not at least in the near to medium term. i remember company -- covering this baby. have been covering industrials. we go to meet the management team and they are talking about construction and architecture. i am writing in my notebook. that was a real era of a brand and a category. now, you have so much more competition from these brands who don't want the level of coverage or underwire. that is the problem. before, it took its tuesday

sale these things and it took marketing. have instagram and you can find all of these upstart brands. this market share decline something like they owned half of the category and they don't anymore. i don't see that changing anytime soon. >> had a friend that worked there one time and she too said you wouldn't believe the amount of esource that goes in to making a perfect brawl. styles have changed. we do have to move on and talk about shares. the stock keeping the top and bottom line. the company also reaffirming guidance elsewhere. details on bed bath and beyond financing. the wall street journal is reporting the loan could be close to $400 million. tim, when i last looked i think they only had about $107 million of cash. perhaps they needed.

which one of these is more interesting? bed bath and beyond which is under a billion-dollar market cap or williams-sonoma which appears to be hitting on all cylinders? i understand orders are accelerating. we don't have enough couch to fill. >> i am still blushing from the victoria's secret conversation. to me -- bed bath and beyond is a no touch for a lot of different reasons. let us talk about williams sonoma which is a fantastic story. it is interesting on valuation. they were in a sweet spot but to the extent they are resisting promotional activity they haven't seen a complete fallout. the nesting dynamic are things that are one of the trends. the key is this stock after being bludgeoned they were up over 50% off of those lows. they were very well bid especially as interest rates went down to 250 on the tenure. the has been a correlation as rates have gone to 310. i think you actually do watch tactically where rates are for

your next move in this one. >> we talk we don't talk about williams sonoma enough. you look at wayfarer. it is an online marketplace but also a bit of a disaster. then, williams sonoma comes up 11% up 21% at pottery barn. >> as tim alluded to which is not promotional they seem to be executing. they are actually doing better. i can't think that far in advanced. laura has really done a fantastic job.

kudos to her. outstanding execution. >> yeah. the margins were higher. margins overall lower but they got hit by higher freight and shipping. >> coming up, china attack options. they are piling on the back of those companies rertpoed earnings. how they are playing that coming up next. >> we are digging into two big gainers. what has them surging? we will have details when fast money returns. switch today at visible dot com.

finding the perfect developer isn't easy. but, at upwork, we found her. she's in prague, between the perfect cup of coffee and her museum of personal computers. and you can find her, and millions of other talented pros, right now on upwork.com dad, we got this. we got this.

we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones ♪ ♪ ♪ ♪ ♪ ♪ power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities. while an earnings tool helps you plan your trades and stay on top of the market.

welcome back too fast money. check out shares of jd.com. the move is coming even after they posted the lowest revenue growth on record. at least one trader is betting there are more gains to come. tony thing is on the fast line with the action tonight. tony, what are you singing? >> courtney, what we saw despite yesterday's earnings, we saw another five times the average daily volume. one specifically to us the not

that was like the longer-term. still laying out $27 million in premiums to bit they have further to go until the end of the year. >> s trade this china attack deal. tim, what you make of this? >> what to do about china attack. it is a story that is the function of a lot of local political dynamics. it is not about valuation. it is not even about gross margin and some of the things other retailers are running into. jd has seen some improvement in the gross margin. it has been a range trade at the bottom of the range if you believe this is the bottom. around 90 you have seen supports two times and have had

dirty percent-40% trades up into the 120s. the dynamic around the pressure coming from the government is is it on or is it off? there has been some sense that they have made peace with chinese regulators. jd is actually cheap -- actually cheaper of the two. i think you have to have some losses. i think there is a lot of risk. valuations are not your issue but evaluations of baba is cheaper. >> tony, our thanks to you. of course, if you tune into the full show, it is friday at 5:30 p.m. . i will see you there. coming up, pellicano surging after announcing a new deal with an e-commerce giant. the new ways they can get their hands on the bike. >> president biden announces a major student loan forgiveness plan. what the new policy will mean for the stock when fast money returns. tire trading experience.

with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. (♪ ♪) ♪♪♪ how do we demonstrate our unmovable strength? (eagle call) nope. how do we show that we'll stand tall through the storms? nah. (thunder) how do we make our clients feel secure and- ugh... not lions. (lion rumbles) we do it with our people. people who've been looking after people for over 170 years.

with xfinity internet, you get advanced security that helps protect you at home and on the go. you feel so safe, it's as if... i don't know... evander holyfield has your back. i wouldn't click on that. hey, thanks! we got a muffin for ed! all right! you don't need those calories. can we at least split it? nope. advanced security that helps protect your devices in and out of the home.

i mean, can i have a bite? only from xfinity. nah. unbeatable internet. made to do anything so you can do anything.

welcome back too fast money. proton topping the tape. shares climbed when and 20% after the announced a partnership with amazon marking the first venture outside. amazon will offer the original peloton bike. the glide as well as other brands of accessories. even with today's gain, the stock is down more than 90 from the record high. do you think shares should be up 20% selling accessories through amazon and the bike itself? >> well, it is up when 80? that is not such a big move. he is doing all of the right things. i don't know if you know the saying a great management team combined with a mediocre company is the reputation of the company that remains intact. he is doing all of the right things that i feel like the time has come and gone and now, the bike is commoditized. i

guess there is a lot of value in the subscription. i don't know. it is a no touch. >> julie, what do you think about this move? does this make it reachable two more consumers? apparently they had some crazy amount of search on amazon for peloton. people are already looking for it. >> it is not like this is a company that struggles with brand recognition. it is not like have a hard time finding it. that is what amazon is so good at is aggregating information for you to discover new brands or discover devices or god knows what, really. to me, it doesn't -- you are expanding distribution but you are losing control of your distribution. so much of what made peloton so great is the high level high touch service. >> that is actually a very interesting point.

i went to find a flat extension cord the other day. i don't care what the brand is. kind of a commoditized product. we are keeping an eye on sofi after they confirmed student debt program and extending the pause on repayments to 2023. by the end of the second quarter, student loans, up to 40%. shares rose 4 1/2% today. what is the latest update on repayments for the lender? dan, i have been thinking about this one. there are a lot of threads to pull on this. what are your thoughts? >> it is a confusing one. i think it has been an overhang for the story. i think the clarity is good news. it comes on a day where there is a huge block that traded nearly 30 million shares now at $6.10. i think since softbank a couple of weeks ago said they would

sell some of their steak, that has awful been -- that have also been an overhang. you get more clarity. i remember when we were talking about the softbank headline and said this thing probably gets back toward its low near five dollars before it is all said and done. there is probably no big rush here on this one. >> that makes sense. what do you think about sofi today? >> look, this is clarity. this is helpful. there is a 14% shared interest in the stock that is probably higher than the last reports. i think that is a dynamic. some of the things we have all addressed our consumer credit oriented. i think combined that with a high multiple tech dynamic and it may not be all that unique relative to figure legacy

players. i actually think it is an interesting business. i think as a stock, it is something -- there is no foam oh that you have actually gotten through all of these headwinds. >> fair enough. that makes sense and helps us clear out what this means for a company involved with a loan portfolio. 40% of that is student loans. coming up next, time for your final trade. our clients come to us with complicated situations that occur in their lives. for them it's the biggest milestone, the biggest accomplishment, the sale of a business, or an important event for their family. for them, it's the first and only time. we have seen this literally thousands of times, in thousands of iterations. ♪ ♪ i am vince lumia, head of field management at morgan stanley. whether that's retirement, paying for their children's college education, or their son or daughter getting married, our financial advisors need to make sure that they are making objective decisions,

every step along the way. every time you hit a milestone, an anniversary, a life event, the emotions will run high. making sure that you have somebody, a team of individuals that have seen it before, have seen every circumstance and seen every challenge, and have your back when you need it most, is one of the most valuable things a financial advisor could provide to a family. i am vince lumia and we are morgan stanley. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq

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. esg is responsible investing. whose resumes on indeed who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential.

it is time for the final trade. let's go around the horn and start with you, julie. >> clovis medical is a company that has final implants and robotics. i think they are on the key trend of demographics including replacing joints. it is a business for the long term. >> very cool. karen? >> yeah. thank you for being here. court goes by quick. my final trade is lyft. it retrace its nice to quarter. >> tesla is in the amount. i am

losing money at it and i get ridiculed for it but the stock is going to split 3 for 1. the last time a split in august of 2020 ran up hard and sold out 30% the month later. i think the stock could sell off. again, i wouldn't be buying it. fast money starts now!>> i am cramer, just trying to make you little bit of money. my job is not just to entertain but to teach about how thema