is a decent position to be in relative to where we were. >> the fed in front of us too, don't get of your skis here. >> yes, you don't expected to melt in a straight line, but the that analogy of 2001 and 2008, kind of off the table, the market is not acting like it is following those particular paths, that is some comfort. >> that is santoli, fast money begins now. right now, in january rally rose on, nasdaq up 10% this year, s&p up nearly 6, and the dow, disney, salesforce growing by 20%, are the bulls back in control. buyback low back, chevron, monster stock repurchase plan, the white house is not as happy as investors, what is behind the ire and is it justified? shares of tesla as low as we haven't seen in months, where will go here, carter will

lay out his case. and the new obesity drug front and center in front of earnings, what it can mean in front of the results, fast money, we have a full house tonight, dan, karen, and guy, and chevron custar jumping nearly 5% today, the announced date company stock buyback plan, $75 billion or roughly 20% of outstanding shares. a massive plan, and it is drawing scrutiny from the white house. for more on the response, let's bring in kayla. >> the administration believes it should be just deploying capital to drill more and lower prices at the pump, a white house official says that a company that claimed it was working hard to increase oil production, handing out $75 billion to executives and wealthy shareholders is an odd way to show it. the latest in a long spring

spat between the white house, and big oil a popular punchingbag according to polls, asking the administration in june for a detente any change in approach. president biden called them out personally and said i didn't know they would get their feelings hurt that weekly. two months later, he signed into law a sweeping bill that includes a 1% tax on stock buybacks comment to chill the spending and spur investment elsewhere. but for chevron, expected to launch a nearly record $37 billion in profit when it reports tomorrow, the 1% tax bill looks like a rounding error. and biden administration employers, and the s&p 500, invested in the 500, and the official told me no, melissa? >> kayla, from the white house for us. >> we had a conversation on the

phone, all you guys had very strong opinions about this, where do you start when you think about the white house attacking oil companies were spending 75 billion dollars on their executives and wealthy shareholders? >> who likes the stuff, they work in the administration, theoretically, intelligent, wealthy shareholders, that don't consider themselves wealthy but why are we demonizing success, when did that become a thing, the energy industry and the administration best basically said they were going to put out of business, if they were elected, what should they be doing, what should they be doing, i'm not an apologist for the energy companies, let's be straight, but when they were doing poorly for decades, nobody went to their defense at all, now they finally have things working and for the first time in the lifetime of these companies, they are run more efficiently, balance sheet is the best

they've ever been, actually a poster child of these companies in terms of getting up to speed, why then did they put out that release. i would be champing this. good for chevron, that they can give back to shareholders, and buyback the stock, we wish they were exploring and doing a little more, a great example of american ingenuity put to work. >> i agree with everything, we talked about the boom and bust cycle, finally getting it right as if there's no cost to boom and bust, hired and fired, >> the crisis. >> yes, now they are being financially, i think we more disciplined as they should be, the wealthy shareholders, how much is a shareholder, they don't just go to wealthy people and have your stock, no, the shareholders, you don't need to

sell your stock, if you don't want to. they've been just demonized, and now they are demonized if they don't produce enough. and taking them, the punchingbag, it doesn't serve the administration well to have oil prices moved. >> think of stock ownership here, it is largely among the wealthy, for all intents and purposes, it is semantics, so much of the cash flow has increased dramatically because of a weird supply dynamic, and the talking points make says, is populous, trying to battle this narrative of inflation, and were do most consumers file, at the pump, and were do they feel at the worst, at the low end, they don't own stocks, we can argue about it, i get what you're saying about demonizing the success of capitalism but that's not what you're doing,

looking almost all the industries that have a difficult time in difficult economic environment in my lifetime, the get support from the government, that's kind of the point, not just the democrats who feel fossil fuels are not the way forward, i think there's a lot of people who agree with that. i know companies like chevron are using their technological know-how to advance away from fossil fuels but it is an easy target, they did need to say $75 billion, this is a company with a $300 billion market cap and $25 billion in cash, they generate a lot of cash flow and periods like this but i think it's kind of silly on both sides. >> it's out of line is what i would use but here's the question, the recipient of tha , should even respond, that's the question, and i suspect they will but at the end of the day, a perfectly valid thing to

say that's your opinion and were not going to respond to that. >> does that change how the stock is viewed in terms of being invested or not, i constant target on its back and administration running out of cars to bring the gas prices lower, they released a lot of oil, what else is there to do from the administration sampling? not playing politics either but it might lead to why that happened. >> in my opinion the answer is absolutely not, many of these stocks, they were half the price they were with the administration came in on the back of we are going to put you out of business, they have doubled since, many are still in my opinion cheap on valuation, regardless of if crude go lower from here, if they went sideways, the companies would continue to go up in stock prices, if you are selling your stock because you're scared that the

administration is that, if you think they run too much, that's a different conversation. >> what you think is worse, but knowing what they're saying is kind of a load, or they really believe it? >> that they really believe it. >> that they really believe that. was your feeling? >> not really sure. >> that either way. playing politics, and saying what they've got to say, knowing that they really do understand the dynamics of it.>> and what i was saying, and and i'm not sure when you're going on buying the stock right here, evaluation the narrative is change.

that's fine and good, but i'm not sure these stocks, kind of to your point, we don't know how they will perform, and answering a bill at the top. >> for more and all of this, the managing director, head of strategy at rbc capital markets, and a contributor, great to have you with this, we've seen oil prices go higher, china's reopening, what are your thoughts on all of this? >> having precisely because oil prices are rising, it speaks to the anxiety, and oil prices back in the -- diverted on the block buster releases, do they have any more levers they can pull to try to break out the prices, i think it is all about signaling the intention to

drive a deal with higher energy prices but they don't have a lot of great options right now. >> this is a big question, as planned with the reopening, is the obvious challenge, again talking about oil prices in the 90s and potentially the hundreds rated this year if china proceeds with the reopening, a bold story with oil, if we focus on that story, there's not a lot of additional supply out there, if china is fully back in the market. >> thanks for coming on. let me ask you, there was discussion a couple of months ago about the administration re- upping the spr, $70 bid, whatever happened with that, words that going? >> they talked about survey trial, release of three million barrels, there's a 26 merrill

-- barrel release congressionally mandated but not a lot of color about when the administration would buyback, with the quantities would be so the initiation pledged, but has not been taken as seriously by the markets. >> it sounds like you're saying the administration really has no way at this point, and feels like them pointing the finger at chevron and the other other oil companies and going back and trying to get them to produce more, but ultimately getting turned down, underscores the notion that the administration really can't do anything about the situation. >> i think the administration is trying to use whatever tools it has at its disposal >> they say hey, put the money in the ground and produce more, the won't solve immediate issue if we proceed with the reopening, we can appeal with opec, but like i said, we have

our own fiscal priorities, we would like a more robust oil price, the administration scrambling for what they can do to try to show you as consumers that they have a plan to bring prices down. >> it's interesting, you can speak to this far more intelligently but i don't think there has been a new refinery built in decades, it's not something constant of $75 billion, buying back stock, we will start refining or doing things, it doesn't work that way, to karen's earlier point, either the don't know it in the not being right or they are knowing it and just disingenuous. >> and there are some of the administration who believe you can turn it like a light switch, but seriously, they clearly know the environment they are dealing with in terms of the market right now, but an interesting point, when you talk about the capacity, pay attention of february, the

importation of russian products, for diesel, and products after february 5, a very important inflection point in the market coming up. >> thank you for your perspective.>> rbc, thank you. >> i'm with you, in the sense that we know energy has been a great erformer off of the pandemic, and the drillers name, being integrated, this is what i would call that actually. >> and been on this, making 52 week highs, those stocks, a lesser extent here, all extraordinarily reasonable in valuation and all companies that are much better companies today than they were five or six years ago, these stocks in my opinion should levitate

higher, and if you think it is going to be creating some firestorm, wait to see what he has to say as well, they're going to crush it in the market. >> the earnings keep rolling in, getting into the number is next, and no love, sure the altitude after the turbulence ahead, details, one fast money returns. ♪

welcome back to fast money, earnings alerts, intel shares plummeting, after missing the top and bottom lines, and issuing horrible guidance for the current quarter, here's the latest. >> pointing guidance that is weighing on the stock here, in terms of q4 results, revenues fell 32% year over year. and the gross margins. and a loss of $.15 per share on

the adjusted basis. and 24% profit. revenue guidance came up short, and nco pat gelsinger saying the company is not going to give full-year guidance because of the uncertainty in the current environment, expect the macro to continue for the first half of the year, and they have not provided specifics over the previous measures, that is something we are listening for. >> don't miss pat with more on 11 am, eastern time on cnbc. so bad they can't possibly give guidance for the full year but they will give horrible guidance, $4 billion on the revenue side. >> they are a month into it, they can guide the quarter, you can drive a truck through the guidance, let's be clear, they

are most likely to come in on the revenue side, on the low end of the range, but this is how you try to put the bottom of the stock, continual restructuring, missing marketshare, execution on a whole list of things, as bad as it gets in the december quarter but talking about inventories being reduced, things that you probably want to make a bullish case, but at $26, and i'm surprised it is not at 26 to be honest, it's not one to pick out, you can see it breaking the lows, the 52-week lows in the future. >> give it time, a couple of quarters ago we said the intel quarter, in terms of publicly traded companies, the worst quarter we've seen, and guess what folks, they just raised the bar. their business is effectively

there, i don't even know how that's possible, 41% year-over year, and computing, 34 1/2%, operating margins continue, hovering margins a 4.3%, 20% a year ago, i don't know what they're doing there, it should be a lot lower than it is now. >> filtering and the other chipmakers, across the board. >> and intel, completely eaten alive, down two dollars, we know some of the macro, it's relevant for all of them, in terms of the hared gain, to have a competitor, not a competitive thing. >> these stocks, the greatest enterprise, eastern kodak or

westinghouse or ibm, what we know is, it is making all time lows, lunch the index exactly 30 years ago in 1993, intel peaked in 1998, relative basis >> let's move on, gaining ground in the after our session, cross-border volumes, the latest on the call, kate? >> yes, a strong consumer spending in the travel, top and bottom lines, a revenue was at 12% year-over-year, and the ceo saying the quarter was driven by what he called stable payment volume, continued cross- border recovery, especially strong with china lifting the travel restrictions, and improvements inbound into the u.s. and talked about benefits from the world cup as well,

officially stepping down as ceo, executive rule, total payment volume guys, cross border, 31%, to exclude the transactions, and up 10%, waiting on that for the call, we are from mastercard, they pointed to what they called the resilient consumer right now in the face of inflation, massacre was conservative, but they are tracking the labor market, and you got that on the bill tomorrow. >> thank you kate, guidance once again, mastercard was down by more than a percent today, they sounded a bit cautious on the continued pace, continue to grow at a healthy pace but they

have seen pull forward >> little bit forward on the front, the expectation i think. and never the currency going out of business right, we all use cars of course, and this cross-border travel is great, they are not cheap, they should be, a premier company but little too extensive for me this much over the market multiple. >> i say to myself, valuation, current fiscal year, 10%, turning 27 times, doesn't make an awful lot of sense when you look at the competitive forces out there as it relates to intake and the like, but the consistency of the businesses, stable margin and the lack of credit risk, and i took that away, the consumer spending, stitch that together with the other ones, and it's actually

fine. >> fundamentals. mastercard guide, on the fundamentals. versus the chart. >> i will segue to the fundamentals >> historically trading in the previous multiples. should be cheap, good for them, makes a push towards the high, it's been in place since if i'm not mistaken, july 2021. >> like them both. about 90% for the stocks, acting differently in response to the numbers, and the lack of credit risk, the market knows

it is why they are acting so well. >> a lot more fast money to come up next.>> a major miss for the airline after the holiday cancellation debacle, is it time to leave the trade on the tarmac? >> tate nichols, and the chart masters, where he sees it heading next, fast money, from times square we're back right after this. is for living. let's partner for all of it. i'm so glad we did this. edward jones nothing, it really is something. as an expedia member, you can save up to 30% when you add a hotel to your flight. so you can have a bit more money, to do even less. (vo) is three hundred and ninety-one thousand four hundred when you add a hotel and thirty-four square feet...

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the technology isn't correct >> bob jordan speaking with us this morning, shares to be more than 3% following a dismal q4 report, losing almost a quarter billion dollars, and over the christmas and new year period, following 45% year-over-year, they expect to post a loss for the current quarter as well. i guess they do invest in technology but maybe not enough. >> know, when you watch the news when all this went down with them, people would come on and say this is ninth generation, old generation

technology, they've got to get into the 21st century, the administration, who's been watching, after the rant about chevron, get after the airlines, who went to capitol hill. .buildout and still can't run productive airlines and still charge people crazy amounts to weight and airports for hours on end, those the people you should be exercised by, and doing everything right, back to you. [ laughter ] >> ann carter. [ laughter ] >> there is that. and these are trading vehicles, they had a big trade, and just remember, the new york stock exchange airline index, which has been out a long time, trading out the exact same level it was in january 1994,

they lose money and make money, it's booming, it is a trade, we've already had a big trade. >> you have traded. >> i've been out of these for a while, but i did think that companies can recover for this kind of pr disaster, and i see that it hasn't recovered, maybe because of the pandemic or other reasons but i think they can recover, spend a lot to get it together but it is not a death blow for them. >> i'm thinking the way that carter is thinking about it, playing for move back, using that february, it has been a little bit difficult after the reversal we saw today after the earnings, the stocks are hanging in there, too, so i might have to jump out. >> the only thing to fear is fear itself, tell that to investors, how they are navigating volatility, chart

masters, seeing green lights ahead, but now all the traders agree, the tesla tussle when that returns.

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another chick in the markets, stocks coming out of the green, strong gdp data, adele jumping 200 points for the fifth straight day, the longest winning streak since october, s&p had more than 1%, and nasdaq up more than one .5%, breaking a today street. and the 200 day moving average, they have not seen in more than a year, check out the hasbro extended trading, cutting 50% of the workforce in the co will be leaving the company. what you make of that?>> third week in january. and the 25% of s&p earnings, and the ingredients for the rally, and credit has gotten better, sentiment has shifted a little bit, and crude oil, and finally doing a 25 basis point hike.

>> everything coming up roses. >> exactly where you want to take the other side, and the s&p right now trading at a 17 multiple, and the last 10 years, the fact of the matter is, the funds are still going to 5%, the big difference at the end of the fair market, relating to the financial crisis and what happened 20 years ago, that is my bid there. >> you have to wonder next wednesday, and jerome powell, does give him air power, and it's something to consider in to next week. >> the best performer, the s&p, and the chart master has been on the call for weeks, december 20 when tesla was 138, he put out a note to start nibbling,

113 january 4, and stay long and reduce. >> were does tesla head from here? >> try to figure it out, more often than not, elitist to some direction. first, what do we know. to the penny, and now above the trend, and shoulders bottom, ultimately a bit more room, how much more, some longer-term charts, the first one is just going back over three years, more lines and drawings, let's put them in, what you have here, with very well defined, it is remarkable in fact, to those who study the battery business in the car business, the balance sheet and the income statement. and quite laid out for us. it's about how much more do we get, let's do the next one, the

next chart has a midpoint, finally here comes, watch this, the midpoint, if we were to get there, probably were you can target, about 170+ or minus, and a bit more room to run.>> and the legacy when it comes to the ev. >> do all that stuff that carter says is kind of irrelevant. >> basically ridiculing. >> it's been extraordinary, i don't know in this particular thing, the fundamentals, what you think they earn, doesn't matter, it is the worst of the bad news, now over, i don't know, seems like that's the case. you know, just a stock, i believe in the charts, but

actually getting there and fundamentals. >> yes, so listen, i've been negative on the story, it is a bad trade there, good ones on the downside last year here and today the ellis two, one $59 and enclosed at 160, the stock is probably going to 170, i love to see that, the fact of the matter is, i just don't trust them, people asked me all the time, one of the major reasons you would buy a stock, by into a company, transparency and trustworthiness, ability to execute, think about the conversation we had about intel, he has demonstrated that, the last 10 years, the truth is not something that he is solving

all the time, thousands of other stocks, and in particular, and we talked about comp competition, the pillar, and it hasn't happened. 40% sales come in china, elon musk said the competition in china is the real deal and that's the battleground for the company going forward, and the materials for batteries over there, i still think it is a great story. >> that was wrong, going through the quarter, spending about 45 minutes going through twitter, they love that quarter, they couldn't say enough about it, until the last month and a half, they've been spot on, they saw a lot of things to dislike about the quarter, both sides are dug in, the question is, they have acquitted themselves extraordinarily well cut and

the midpoint comes around 175 or so. if it feels there, the downtrend, steve kornacki s,. >> still there. >> that's right. >> coming up, the coupons are not cutting it, inching closer and closer to bankruptcy, latest details out of that one. a wild ride with has the january account help the concerns, top-of-the-line for the individual investor, more that ahead. back in 2. re proud to serve people everywhere, in investing for the retirement they envision. from the plains to the coasts, we help americans invest for their future. and help communities thrive.

mark your calendars, fast money is heading to miami, the eye connection's global contest, the real estate titan, plus a look at miami, starting monday, 5 pm eastern time only on cnbc. shares of bed bath and beyond plunging, in a regulatory filing they said they don't have enough funds to repay credit facilities. bed bath and beyond warned of a potential bankruptcy earlier, as it experienced winning store

traffic, comes on the two-year anniversary, and unprecedented 92% surge, igniting the revolution. not entirely surprising? >> not in anyway. and it shouldn't be to any shareholders, we will find out soon enough, a payment due, highly likely they don't make the payment, a cure period with a manageable file they could see them, the shareholders out, pennies, they don't expect to get much money back, way ahead of the equity. i find it ridiculous >> the rate hikes, around investors, and and the breakdown, >> could be with you

>> stuck in the middle with you.>> 47%, playing safer. investing more, and there are some opportunities, the flight to safety. little more than last time.>> you always ask great questions. the extra $10,000 around >> individual stocks, they were talking about putting in savings just in case, and buying stocks again, seeing a lot of favorite stocks, and the most popular, individual stocks. and they are getting promiscuous and going there, and i know you guys have a, and in the last two weeks. >> this much interest in buying cds, and equivalent to that

like there is now? bigger promiscuous and aggressive retail investor, making it work at all times, the alternative, a long time since they've had one cup looks kind of good when you can't see the future and worried about a bunch of things like a recession. and the surgeon interest rates and inflation, geopolitical conflict and rising interest rates. they have come down a little bit as things have cooled a little bit. >> 10% say pay down debt with the extra 10 grand, and interest rates have gone higher, north of $5 trillion in terms of credit cards and those types of things. is that a surprising number? >> not that surprising,they have to put money to work, retail investors looking for what they can, households are in slightly better shape, in

slightly better better shape, doesn't surprise me that much but back in december when i was here, they were much more worried about what was going to happen in the future and i think ings of cool down a little bit but still not ready to jump back in all the way. >> and tempered and 24% buying cds, which are the same, but does that really mean 47%, playing it safer by buying dividend stocks. >> dividend stocks, this ticket will be stable and secure, top 10 stocks, the big ones looking for that type of flight to safety where the crowds and returns have been but not willing to get dangerous, with a lot of the former stocks. >> always great to see you, thank you. and interesting, we got news about the consumer, that are strapped, and a pitcher of investors out there who are still holding onto hope that

there will be some sort of turnaround out there. >> if you think about where we were four weeks ago, it has been a huge balance, i'm starting to get more nervous. a very big balance.>> those numbers match, the association of individual investors, it's a big tug-of-war. >> do i look nervous? bigger [ laughter >> and you look at twitter, asked dan about that, not training that, not treating those things or whatever but i say this, think about the 3. we've had over the last year, the march and april rally, into the earnings season, mid-june, and we had october to december, i think were in another period like that, and hard to remember what it felt like at the october lows of those back in

june, probably will be back to that, the sentiment, as bad as it was, has a potential to turn that, in a short period of time. >> i would be remiss if i didn't point out, firstly you worked together in the first past lives, but brought the great song, stuck in the middle with you, jimmy rafferty, is a >> street for you are down the line if you had to put out a gerry rafferty song. >> right down the line. >> tremendous. >> i have no idea what he's talking about. [ laughter ] and the impact they could have an earnings next week, details of that trade when fast money returns.

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will go back to fast money, but in the markets this year, getting ready to report earnings, j.p. morgan saying that sales of the obesity drug will be key to the results, what is the trade here, karen, you've been on this. >> down a little bit, last year was a huge year for them, the

last two years has been good for them. i think this drug and they're not the only ones with the drug, has the potential to be the blockbuster of all time, however the stock is not cheap, and i have owned and have sold it, which makes ozempic, and is very similar, so i feel like this is the next star wars that's going to come out, and is a little bit that, i would not be a buyer right here. >> can you relate to that? >> yes. >> never, nor will i. [ laughter ] >> anyway.>> ever so slightly, and the performance, and it is deteriorating more so, and i would think about that, the so called good news. >> i apologize to drew barrymore, haven't seen sewers

but number 2, moving to the downside of this magnitude. >> that's unfortunate. >> december last year, a similar move in the stock is been expensive throughout the last decade or so but they continue to sort of innovate. i think you can buy the dip into earnings, february 2. >> yes. >> making a big vets, against the rivals, mike has the action. mike >> trading well over four times their average, one of the busiest talk options today, the trading in total, and next week's 43 strikes plus, over 67,000 traded, including the institutional purchase of nearly 16,000 going at $.60, the options market and play and move a 4.4% by the next a -- end of next week, earnings to

be is less than 3%, but there bidding the move will be to the downside. >> what you make of pfizer versus lily? >> different service sectors, lily, structural winner, and pfizer, day today and week over week is straight down, it seems oversold. >> this new pairing of would you rather,>> may be a new segment. >> maybe we can think of a name for. >> i always come up with fun names, ask carter. >> that's the segment. ask carter. >> didn't even realize that that is the genius. [ laughter ] >> what is the question. >> eli lilly without question, they've been lower left and upper right, for a while now, yes in the downtrend now but the uptrend has been here for decades. >> mike, thank you. more options action got to tune

into the show, tomorrow, 5:30 pm eastern time. and up next. final thoughts.

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edward jones

a last look at shares of intel, lowe's, they rose by 9% percent, and dismal guidance saying it will not guide for the rest the year because of uncertainty. this is the quote, referring to the last one, thought it was the worst quarter ever on record but this is worse. the bottom, rebuilding from here, that's what the ceo said, july 29, last year. what you think? >> listen, stories right, almost 1 were you would rather pay the wrong valuation then each evaluation, to me, not sing after the run it has, just looking there. >> let's go around the horn.>> you u.p. >> once again, i find myself in the uncomfortable position of that, s&p push, going to the

earnings here. >> yes. the reverse etf, of the tesla. and 10%. >> instead of chastising, we could learn from the energy companies that have done so well in the environment. truck and my mission is simple. to make you money. i am here to level the playing field for all investors. there is a market summer, and i promise to help you find it. mad money starts now. hey, i'm kramer. welcome to mad money. i'm just trying to make you a little money. my job is not just to entertain, educate and teach you. call me, or tweet me