tv Fast Money CNBC February 6, 2023 5:00pm-6:00pm EST
5:00 pm
of situation. >> and it didn't work. less than 20 seconds, looking ahead to powell tomorrow. >> we're on alert. i think he's going to remind us the job isn't done what's interesting is it could be the no landing scenario. >> we'll talk about it tomorrow. "fast money" is now. right now on fast, the chinese balloon was much bigger than they first thought and had a payload abouted size of a regional airliner. what impact will it have on the red-hot trade today. vcs and companies are hunting for the next big thing in artificial intelligence we'll break it down. pin tres reporting weaker than expected results. julia boorstin is set to join us
5:01 pm
with bill ready after the conference call is over. i have a full house here on the desk tim seymour, and more. officials in beijing calling the move by the u.s. both unacceptable and irresponsible the ramifications fell deeply in the markets. the large-cap fxi, and both at their lowest levels since january 3rd. investors bet heightened tensions could have spending in the space. >> the biden administration today defended its decision not to shoot down the chinese balloon earlier, saying they had to protect civilian lives, and they were trying to glean intelligence the head of norm command said
5:02 pm
the airship was 200 feet tall and the payload was the equivalent of a regional airliner weighing 2,000 pounds he said that helped shape the final decision to hold off shooting it down until it was over open water. and the white house is pushing back against criticism he said the military advised the warehouse this would be a much better chance of retrieving the spy equipment if they shot it down over water. he said as the balloon was traversing, the u.s. monitored it and gathered interesting information about how the air balloon works. melissa? >> thank you, nbc's dan de luce. it traversed wide swaths of the united states. we'll recover it, pieces of it, see what technology was inside it, whether it was made in part
5:03 pm
by u.s. companies, allied companies. tim, what do you make in terms of what this does to u.s./china relations. >> the response just now from china is also one that's escalating, to saying, hey, this was a mistake, and the one in landen america we're calling an unmanned airship the point is i think there's been an escalation on both sides. clearly there was a planned meeting where you would have top-level -- a discussion at a time when tensions have been very, very chilly. we're going to talk about the market impact, but in terms of the birth lateral negotiations, what's going on here, latin american countries aren't saying anything, because a lot of them are getting chinese money. i think that's what it comes down to. >> to say it's a dumb story, we
5:04 pm
spent a lot of time thinking about this thing the last week or so, and we know how extensive the spy satellite network is, and then this balloon. at the end of the day, i suspect, remember balloon boy, that kid who was supposedly -- remember that? i think this will be a nonstory. the one thing i would be focused on is crude oil about to make a 52-week low. a lot of the trades kind of have lost some steam here to me there was a lot of excite in the markets last month, global markets, about what the pivot meant. >> i hope it's a nothing story right now i feel like there's a lot of question marks. >> the crazy thing is the china response if you have a limb leaning over the fence line, you're allowed
5:05 pm
to cut them off. they would have shot it down, too, if we had a balloon over their country. this is a ricochet off the october low, so is it a function of the balloon or the fact this was the most overbought area of the market >> i don't think they're related at all >> i think it's sort of will blow over, no pun intended you know how many balloon they have or we have? the biden administration has a bit of a chance for some bipartisan, i don't know, rhetoric kind of. >> like everybody can gang up on china. >> though they'll say he should have shot it down sooner, about you clearly i think it heightens tensions i keep coming back to the idea of tiktok, and whether or not that bipartisan kind of
5:06 pm
rhetoric, tiktok gets caught up in it, which is not good for meta >> it sort of stirs up the idea that china is spying on us, and tiktok is part of that >> no one cares about our politics, no one turns into "fast money" to learn about global espionage so my point would be, look, the dollar is valued at 3.5% e.m. is correlated very highly to the dallas. the ten-year went from 333 to 363. i ultimately think this is a chance to reload, but the politics that are trading around this also include why alibaba had such a great run is i think they removed a lot of the political pressure jack ma has been seen again.
5:07 pm
this is why you boil this down -- and e.m., china's 45% of the index, so i think you have to have your china right, but i think a lot of this is dollar, and the politics are partly around the edges let's bring in dworik mcneil what is your take? >> i've heard some of the what the traders have been saying and agree. this has implications -- tiktok has been on deathwatch in washington here for quite some time i do believe an incident like this will onlial future to the fire that some action must be taken at some federal level to the tiktok
5:08 pm
w will, to be employed in the way it's been deployed the balloon matters for all of these reasons. broadly speak, the bilateral relationship, which was already on life support, i fear now we're stuck in this state, because i don't see how either s side -- i'm just concerned now we're stuck for quite a long time in this sort of toxic, aggravated state because of this balloon issue. >> what could retaliation look like if it were done in a, quote, unquote commence rat way? >> that's a very good question, melissa. it concerns me the ministry of foreign affairs statement -- i think tim raised
5:09 pm
this -- the rhetoric has shifted to very bellicose. they said, we reserve the right to take retaliatory action in the same manner that the u.s. took what worries me about that is aggressive intersechts on the south china seas side, and they do these aggressive intercepts all the time we're likely to see more of that, and it's very concerning it's escalatory, and not de-escalate torrie >> even when -- they have an understanding of where the other side stands, but nobody is talking. we've seen this with russia and other parts around the world talk about that, and how fragmented and, you know, really
5:10 pm
how obstructed are the conversations at this point? >> yeah, very good point look, at the height of the cold war, there was a mechanism in place with rules of the road, ways in which we'll engage that mechanic nimpl was a new eray doesn't exist what makes this balloon mission so disappointing is the blinken trip was the beginning of the discussion to try to have this discussion about guard rails and what a relationship should look like in this era of competitive. i'm concerned, tim, that the calendar is also not our friend. the next opportunity for a leader tao leader meeting by biden and xi may not happen until november in san francisco at the apec leaders meeting so that's a long time. i am a little worried here, if
5:11 pm
we don't get some of the guardrails in place, this could get out of hand. >> dewardric, it's karen thanks for being on. what do you think china was thinking, particularly with the ti timing does this happen all the time and they didn't make a big deal of it? >> that is one of the questions i've been trying to wrap my head around since wednesday none of it, from a timing perspective, makes sense to me, given all that wasat stake we talked about the blinken trip, but here domestically, you know the house republicans are standing up this select committee on competition with the communist party. the tiktok debate is going on. china itself is trying to put on a diplomatic charm offense
5:12 pm
so i can't really wrap my head around what they were thinking, what they were hoping to do, and why they chose this time, unless it was somewhere in the chinese party apparatus they were trying to spoil this mission. >> china apparently did replace it's chief national weather person in the aftermath of this, so i don't know if that's a cover-up, or maybe it was a climate research balloon dewardric, thank you. >> thank you, melissa. >> remember those tariffs? thieve still on. the biden administration has taken another step not having advanced chips being sold -- this will continue to be ratcheted up this might get hot
5:13 pm
situations like this seem to be a bit of a smokescreen i can't wrap my political mind around this, to say there was a well thought-out sort of plan. so i think it's best to dismiss it the stuff we looks through the lens of the markets is the other economic stuff i think the tiktok one is probably low hanging fruit >> mccarthy is supposed to go to taiwan in april. i think it sets them up to do some retaliatory something, and that's the commensurate -- or, you know, the response. >> this was total posturing going into the summit. no questioning about that. going into an important summit to have to even deal with this issue, someone was sending a message, a message of force. earnings alert here on pinterest.
5:14 pm
seeing 4% growth in monthly act ivl users. the stock send lower by outlook, now expecting q1 in the low single-digit range that conference call is underway right now. we'll have more with bill ready, later this hour. that's coming up, 5:45 p.m. eastern time meantime, let's trade it carter >> there's two types of weakness if you see in the aftermarket we hit a low of 23.50, it has bounced nicely i think you take advantage of the weakness and add the longs. >> i think that makes sense, too. we spend a lot of time talking about companies that lose money. granted they're not making a heck of a lot of money you're probably looking at mid teens percentage and if you think they're leverages things like a.i. to better serve their clients, you
5:15 pm
know, like, this is probably a good level to carter's point at that 200-day, down about 10% s the stock has recovered half of what it lost, so dan's pointing out the valuation. you're talking about 18, 19 times ebitda the question is, is it going to get better for them in terms of market share, and ultimately, you know, a weak ad spend. the ceo will join us in the meantime more names on the move. taketwo, chegg, simon properties, and snap jumping higher the move has options traders, and how they're playing the name, when "fast money" returns.
5:16 pm
i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless and its customizable scans with social sentiment
5:17 pm
5:18 pm
5:19 pm
missing it's -- but they gave it last quarter, say they spent more on established blockbuster titles, and now they're cutting costs. they even used the word "efficiency" but the buzzword we heard from meta last week, they're looking for $50 million in cost cuts now over to activision expectations to $3.5 billion that's the launch of the latest "call of duty games. have i i don't times reporting that they don't think the regulators will approve the deal no comment from microsoft on that microsoft wants to buy it. >> steve, thanks
5:20 pm
let's go -- tim. >> it was an exciting place to be, going to the major events. sold out madison square garden i'm feeling totally like annual old man. maybe i am but the microsoft deal, the question is how much -- i think it will go through you're looking at caught of duty, some of the releases and where they are the valuations in this space are absolutely acceptable. the problem is that they're still trading north of a market multiple at a time when they've had their greatest period during covid. i don't think you have to do anything there was a time we thought there should be a takeover bid i don't think the media company versus that kind of balance sheet right now. >> i was going to make that point. they don't have that balance sheet or the currency in their stock. so i think that's somewhat off the table. it's not a crazy multiple, but i
5:21 pm
agree with tim >> take two is down 40% over the past 129 months. >> again, there's weakness is an opportunity or a sign that something is really wrong and you stay away. i think both of these are the latter it's a weakness to stay away from. >> remember last week, in a week or so, probably an opportunity to buy it. >> this might be it? >> when -- i'm just saying towards what you mentioned with taketwo, $30 billion market cap, expected mid single earnings i mean, it seems reasonable, and i've got to think if there are companies that want these assets -- i know we've been saying that, but the stock looks reasonable. chegg plummeting, the company issuing some weak guidance, with reduced
5:22 pm
enrollments. this is one that you track, dan. >> yeah. i mean, listen, which was chatgpt a couple weeks ago, and no a series of guides down this one was showing relative good strength after it got destroyed into last year i think this is a good lesson for some of these names, where you think that maybe they put in a bit of a bottom, but the deceleration, if it just becomes the solid state going forward, with secular headwinds, you know what i mean? there's not a valuation that makes much sense this is what i remember back 20 years, there were stories people were attached to, because they basically demonstrated some use, and then at some point there's no growth anymore, and i think chegg is in that cat dorsey.
5:23 pm
>> and then some it's the definition of not participating, not attracting capital. >> at some point there's a user base that's alive and well that's not good anywhere, but i wouldn't be chasing it here. here's what's next. >> announcer: oh, snap, shares of the stock looking picture perfect today. and the move has options traders snapping right into it he details are ahead plus from chatgpt to the bard, artificial intelligence is the future how do you get in on the act that's next. you're watching "fast money" live from the nasdaq marketsite in times sarque. we're back right after this. lily! welcome to our third bark-ery.
5:24 pm
oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. ♪♪ the only thing i regret about my life was hiring local talent. if i knew about upwork. i would have hired actually talented people from all over the world. instead of talentless people from all over my house.
5:25 pm
this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay.
5:26 pm
welcome back snap is now up 20% from last wednesday's post-earnings low. mike's got the action. mike >> so snap traded more than two times the average daily option, and trades a good bit on a normal day, the most active options were expiring at the end of this week, and the 12 strike calls, we saw over 37,000 of those trading, a little over 3% of the current stock price buyers are obviously betting that the rally we saw could continue through the independence of the week
5:27 pm
>> it ran up, and then came down was hates this thing and that doesn't mean anything other than the sent morement is down, and now it's trading like this, maybe getting to a technical level that carter could speak to, but at some point the estimates can only go down so far. to me, i also think, again, going back to the tiktok thing, i think that was part of the sentiment. carter, what do you say about this chart. >> if i owned it, i would double it it got down to the covid low, bounced aggressively, and has all the elements of classic bearish to bullish >> you rarely hear that.
5:28 pm
>> quietly epic, which makes it more impactful. >> karen, what do you think? >> i made my bed in alphabet i like that better, but i love it when carter goes nuts like that that's impressive. >> i have a small position in snap, and one of the questions was -- it's not even facebook versus snap. it's a question of ios snap and what it means in their core business model look, the numbers are so blown out that it left a lot of room for the company to prove it is growing. thanks, mike, for that for more tune into the full show friday at 5:30 eastern time talk about smart money, investing in artificial intelligence could be a head scratcher. plus shares much simon property
5:29 pm
on the move. wheel dig into the numbers when "fast money" returns >> announcer: catch us anytime anywhere, follow today on your favorite podcasting app. we're back right after this. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000
5:30 pm
or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee, even if it received ppp, and all it takes is eight minutes to get started. then we'll work with you to fill out your forms and submit the application; that easy. and if your business doesn't get paid, we don't get paid. getrefunds.com has helped businesses like yours claim over $2 billion but it's only available for a limited time. go to getrefunds.com, powered by innovation refunds.
5:32 pm
welcome back to "fast money. stocks kicking off the week in the red. the nasdaq leading the losses down 1%. check out shares of bed bath & beyond, soaring more than 90% today. shares are up more than 130% at one point, trading paused a few times, and the name saw upwards of 240 million shares traded, compared to an average of about 66 million the stock dropping, though, after hours on news the company is aiming to raise cash in a secondary offering karen, what do you make of this? you actually told them this is what they should do. they should all do it. it's not a genius idea, but i wonder if they can get any offering through the s.e.c
5:33 pm
they're likely going to be in bankruptcy hertz tried to do it, and the ko are the denied them. good for you if you can do it. i'm just skeptical that it gets done the stock will never have value. i don't know who would buy this. >> can you chart that? you can look at the chart for this >> that's all it is, in fact it's a chart, and you're talking about a company who's the entire float turned over twice. that's not anything other than a gambling stock just as quickly as it can go up, it can go down it's just a question of when. the a.i. race is heating up. microsoft announced a surprise event where the company is expected to reveal a highly related chat the news coming just minutes after it unveiled the own competitor in space, the ceo
5:34 pm
saying all hands will be on deck to test it c3.ai is up 165% above the 52-week low. they're getting excited about the genre tiff chat technology kingsley, great to have you with us there aren't too many pure plays out there. are any worth playing? right, so for c3, the recent excite around a.i. would lead to interest in them, and their announcement is furthering this enthusiasm they have something called a model-driven architecture. as soon as new technologies or algorithms are built or released, they can directly put them in their approach we like that >> in terms of the notion of a.i. and companies like
5:35 pm
microsoft or an alphabet investing in a.i., i know you don't analyze those stocks, but from your point of view, is this still nascent to how it can contribute do a big company like that this is a buzzword, what investors want to hear on the calls, and there's a certain amount of money being throw ought it thinking that a.i. is the next best thing. are we too off from the point? >> i think it's exciting, because we are really early. if you're scrambling to form ash to scaleal your customer or an infrastructure provider, you're well positioned in the markets, but i think that could be over the course of multiple years. >> google, who we know has been spending aggressively in this space, does this unlock value at google i could make an argument that
5:36 pm
google has significant infrastructure here to deploy. >> i do think this will unlock value for them which chatgpt recently made this partnership with microsoft, we did not take the assistant -- and we still have an indication that they developed a mode from chatgpt. i wouldn't bet against google. >> do you think, looking out, since its so nascent, five years from now, with these companies you cover, pure plays, will they exist independently, or do you think they'll be bought by other companies? do you think the fiercest competitor is yet to even be formed >> i think there's room for plenty of companies to operate in some cases we could see some
5:37 pm
transformational m&a i think some have been more cautious about acquiring a large company because of the lack of scale or ability to integrate that so with the advent of a.i., that could change it's totally feasible that a company could come out of the wood work that we have not seen yet in terms of dominating >> are there companies out there touting a.i. i'm sure you track all of this, even if you don't cover the companies per se, where a.i. is very loosely used? it's just used to get investors attention? i feel like in this space it's a buzzword if you can say "a.i." in some way, shape or form, you're going to say it even though it won't be strictly defined as the companies that you cover. >> i think it's easy to describe
5:38 pm
a company as an a.i. company today, and your investors need to be careful about the approach of the company they're investing in if a.i. is a -- or if it's not, you know, a lot of times companies say it's a pure a.i., you know, it could be a warning sign oftentimes, the ties and quality data set is one of the best predictors of success. >> kingsley, thank you for being with us. kingsley crane -- >> can i just said one point we just talk about the bed bath & beyond and then this c3.ai literally gaining 200% in a month, okay? this is a company that went public in late 2021, it was down 95% from its highs, okay, this was just a month and a half ago.
5:39 pm
now we're talking about it with a $3 billion market cap. i'm sure tom is a great ceo. i'm saying this is more about what investors are doing your point is a great one. this is c3.ai. if we start seeing companies put dot-ai at the end of their company, then we have to be careful. if we see they see publicly traded companies, spreading some money around, that's probably a better way to do this, to your point. you know, invest in these companies, don't buy them right now. the regulatory environment probably doesn't lend itself to do that. >> same thing -- well, i mean, it's not bed bath & beyond, but here's the thing 103 million shares outstanding,
5:40 pm
103 million trading today. that's a little dangerous. >> i'm not as exercised about it, but it's like somebody saying it's a fintech company l. in fact they were a consume are credit business and had exposure coming up, we're keeping an eye on simon properties. the details from the quarter next, and bill ready joins us for a first on interview we'll dig in and during february, we're celebrating black heritage month. >> what i'm really proud of is how gentjamaican folk perseveres
5:41 pm
we know how to survive we talk what little we have and make big things out of it. working for cnbc provides so much for me. i feel like i've grown up in this company, and what i have today, to give back to the small community at home, i'm just thankful so, when you make it and are successful, try to give back as much as you can. i count on personalized financial advice from my ameriprise advisor. she knows my goals and can help me reach them with confidence. the markets may fluctuate but you're still on track. more than 9 out of 10 clients are likely to recommend us. ameriprise financial.
5:44 pm
welcome back to "fast money. another earnings alert on simon property, revenue tops estimates of $1.2 billion versus 1.9 expected it's in line with what wall street anticipated, but they issued weaker guidance for 2023. karen, where do you stand? >> i don't have a position, but i do want to hear their call i do want to hear what's happening in retail. i saw average sales were up a bit. which, though, is less than inflation for the year
5:45 pm
so, i'm not quite sure what to make of it i don't know that a rising race environment, i've been shy to do it, but it's a great company if occupancy is so high, but then you have to ask are they cutting breaks for leases. >> or expenses -- >> yeah, or expenses are too high tim, are you in at all >> i'm not i think the opportunities to get into some of these names, which was probably, what, november, december, they've had massive runs mall activity i know was up significantly in the fourth quarter. these guys have proven through some of the worst of times that they know how to manage a complex real estate environment. this is one you just don't chase after a big move, yet, it should be part of a portfolio big moves off the low. simon, at one point, the biggest
5:46 pm
5:47 pm
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. i screwed up. mhm. while an earnings tool helps you plan your trades i got us t-mobile home internet.
5:48 pm
now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck.
5:49 pm
welcome back to "fast money. another check on pinterest after earnings shares are lower bon about 3.25%, but well off the lows julia boorstin has a first on cnbc interview with bill ready julia? >> thanks so much, melissa bill, thanks so much for joining us, fresh on the heels of that earnings call. i want to start on the factors really pressuring the stock. it really seems like it's not just the revenue disappointment that it didn't grow faster this quarter, but the guidance for the first quarter weighing on the stock right now. who will it take to reaction sell rate revenue growth >> we feel great about the quarter we had if you look at our revenue performance, we delivered 6% growth on an neutral basis, 4% on reported basis. you know, as you look at us
5:50 pm
versus the ad market broadly, certainly there's a soft ad market out there while many players are -- i think if you assess this on a relative performance basis, we're performing quite well. the progress we have made in returning to user growth, double-digit engagement improvements, ad supply growing at 15% plus around measurement appeared growth coming from really discerning advertiseers that are seeing more appeared more performance from our platform, i think it bodes well. while there's a soft and choppy ad market, i feel great what we're doing, even in the near term, we're finding our ability to fight through a lot of choppiness in the market >> but you did drive to low single-digit growth. analysts were expecting 7%
5:51 pm
how much of this is about a weak ad market? and what are you seeing in terms of outlook >> in the near term, everyone is experiencing softness. i think that's true in the near term what i'm more focused on is how we deliver performance relative to others, and bring through the full nate of our platform. pinterest is quite unique in terms of a positive place, as well as tremendous commercial intent the progress we're making in guess users' ability to move from intent to action, and giving advertisers the ability to meet those uses t. but have a clear intent well see it -- why we're see peers now, and continues to outperforming. we're outperforming in a soft market as that market strengthens over time, we think we're set up well for that. >> i know when you took over in june, you made shopping a clear
5:52 pm
imperative, wanting to close the loop, so people could drive transactions where are you seeing pinterest in that trajectory how much more room do you have left to go on this whole process? >> we are very clearly at the early part of that journey, but the potential is tremendous. more than 50% of the people on pinterest say they're on pinterest to shop. our early efforts there, things lining shopping ads grew 50% year on year even our ability to connect the user, increasingly getting them to the play to buy that thing, we talked about things are driving later converse, a significance portion of our shopping ads overall while we're early in the adoption curve, we feel great about where users are, as well as where advertisers are so while we're outperforming, that's what gives me confident
5:53 pm
we'll continue to do that, and we expect to continue to outperform there. >> and when you're talking about competing with your peers here, i have to ask about tiktok, which has been a topic throughout the conversation this earnings season with some of the social media players you talked about wanting to monetize short-form video, but how are you competing? >> two things i would say. in terms of, you know, the competition for user engagement, i talked about sessions are growing faster, double-digit-plus growth in engagement gen-z is the fastest growing for us, and we see that accelerating a big part of that is or progress in short-form video it's more than 10% in our platform, but in contrast to others, it's more than 30% on the revenue. one of the big questions is how
5:54 pm
you monetize it. so we think we have a good balance there. and we have more with the users engaging on things that have commercial intent. tell us how some of the cost cutting you have announced and the expenses will be declining and how they fit in. >> we invited elliott onto our board. we feel good about the collaboration. in terms of where we're going on driving operational rigor, i've been talking about that since i joined i see that i think you see it
5:55 pm
coming through our results yes, we managed to put ourselves on track for ebitda space next year, but also delivering better and better product i'm a big believer that constraints breed productivity >> we really appreciate you taking the time to do this interview, and we hope to have you back on very soon. bill, thanks for joining us. >> thanks for having me. thank you, julie and bill ready. interesting to think about pinterest, you know, within the same sort of territory as a meta, as the snap. >> listen, when you talk about peers, mark share, a secular trend that's growing it's only going to continue to grow you have a guy focused on kind of new metrics, doing it in a different environment. that stock was trading much lower. it's come back a bit they're buying what he's selling. >> certainly he comes from the
5:56 pm
right pedigree, google, and very activist-friendly. you've got some of that boost, so what do you get now you probably have to wait it out. >> how does the chart look >> fantastic all the elements of what a bottom looks like. whether it's a rounding bottom, or i characterize it a bearish-to-bullish reversal. bearish-to-bullish reversal. up next, final trades. ...can help you open those doors. by proactively reviewing your entire portfolio. with an eye on taxes and risk. doors were meant to be opened.
5:57 pm
the hiring process used to be the death of me. but with upwork... with upwork the hiring process is fast and flexible. behold... all that talent! ♪ this is how we work now ♪ ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term po a term policy? even a term
5:58 pm
policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. ♪♪ i was having challenges with my old bank. lots of red flags. fees, penalties. so i broke up with bad banking and moved on with sofi checking and savings. now, i earn higher interest on all my money, and pay no account fees. sofi. get your money right. my ameriprise advisor has helped me navigate uncertain times before, now is no different. with his advice, i'm confident i'm on track. the plan we created is for the long term. no wonder clients rate us 4.9 out of 5 in overall satisfaction. ameriprise financial.
5:59 pm
time for the final trade tim? >> the discussion got me thinking about the company that i think should be the giggest. that's google. a valuation i can live with here. >> karen >> yes bbby. good for you trying to do whatever you can, but don't buy it >> carter? >> pinterest it's doing the things you want to see it's bottoming, buy it >> so much enthusiasm with
6:00 pm
carter dan? >> ge. i would not be buying this one, either, and i have a bearish position. thank you for watching we'll see you back here tomorrow at 5:00. "mad money" with jim cramer, starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors, there's always a bull market somewhere and i promise to help you find it "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job is not just to entertain but to teach you, educate you so-call me at 800-743-c nnbc or tweel tweet me @jimcra
89 Views
IN COLLECTIONS
CNBC Television Archive Television Archive News Search ServiceUploaded by TV Archive on