the nasdaq led the charge up 2% today. a lotñi■was the transportation average, which was down slightly we did get the delta earnings this e mor expectations but really strongç■ commentary and forward forecast from the ceo of bastion. >> but not banks it's all about banks starting tomorrow and heading into next week, especially those regionals. >> that's going to do it for us here at "over time." fast money starts now. the s&p posting the best close in two months ahead of earnings season, which hits off with thet■ financials. grind this rally to a halt plus no beef with netflix right now. the stock surging today and climbing over 17% in the past month. will it be the designated survivor in theçó■streaming ,■f"scape? should you be a horder ofe1 the names. and a lot of puns. from ai helping with your

hardware to investing your money, we'll hear from a university of florida professor who says ai could be useful for picking stocks this is "fast e■money," we're live on the desk tonight -- all in we start off with the big countdown to big bank earnings j.p. morgan, citi, wells fargo kicking off tomorrow morning with bank of america and regionals all out in thee■ next few days investors focus on how deeply the crisisñ■ impacted the names. analysts look to grow about 4%e■ in q1. that is down from the 7% growth expected at the start of the year bank stocks rallying today, posting better gains than the broader markets, though they are still near theirc■ lows of the year can tomorrow'si■ results help these stocks pull out of this of course the w■backdrop, the rally today. >> in the broader market as ii■ say all the time, i don't need help lookingxd■stupid the --e■iuttju to do it for me

today was one of those days. jp moore dan trading 129, you have no meaningful bounce over the last month and a half, two'■ months it lines up where you should se■ relief for the life of me, i can't believe that any of these money center or major banks will say anything all that constructive meaningful way so, a couple percent rally off át+q but i think thesome of the diale and the rhetoric can't be good >> maybe no news is good news. >> maybe >> maybe the consumerçó■i■ó■ó■tg going along, despite what happened in banks the past month or so, maybe that's a good thing. >> well, valuation is not yet, p■ at some pq)sá becomes enoug m1ñ■a catalyst too if you look atx■ 1.1 times price on 24, about 7.7t■ times, these are 20 and 30% cheap on a things have traded on on private

tenure basis there's no question banks are going to get away withç■ regulatory overhang, credit -- we still don't know what's going on. credit trends have normalized a positive to me, as much as i want to say and as jpmorgan and owns bank of america and owns citibank -- and i think there are people in the analyst community said wells fargo is worth a look here -- i think it's going to be tough sledding they priced a lot of bad news in that's the good news >> karen >> i don't think it'll be that newsy because of the silicon valley situation, actually i do think we'll see a lot of things happen during the quarter. we're losing depositst(■going?;t thei] quarter. they had too many5a■ deposits. they offered rates they knew would send moneyu■■■1 fleeing. the loan to deposit ratio, which has beene■ declining over years, probably went down a lot in this new environment, it's hard to think about putting out new money for loans when you

think about how flighty are these deposits you need that match there. i don't think we're really going to see an uptick there and it's going to be more of the usual -- you and if■o■ talked a this before the show -- what do they see in thee1 consumer maybe questions about commercial lending, which, you know, i kno■ jpmorgan, for example, doesn't have a big book of commercial lendings but to me, i have moved more of my bank of america into ç■ jpmorgan i want to be in the biggest,w■ ■ best, the safest and, you çó■now, it's 10ish tim earnings, 3-plus yield i'm hanging up >> the problem is it doesn't look like there's too many places across the financialse■ general to hide right now. we talked about some of the life insurance. looks like a bomb went off there. we talked about schwab ae■ lot looks like a bomb went off bank of america, so much worse than say jp, to your point when i think about some of the news that's already discounted in -- there's a lot of bad news,

right? we talk about the regional ) u$ey can'tt■ get out of their way. jamie i■diamond, i)uu$e annual letter last week, a lot of commentary coming out of thal■ that may take some of the sting out, if you'r■3■looking at something glass half empty, that takes ae1 little stinge■ out ofe i don't know if you saw the ñ■ceo of consumer and small business just announced she's leaving. that's today this is the day before we're going to announce the result p (% so, there's ways to kind offá piece out information that make it not as bad when it comes out. i think, you know, jp has not really gotten out of its way here schwab has not really rallied. to me, i think if you do have a relief rally given the lack of visibility we have about these companies and their own businesses and you think about what's going on with the economy and the volatility around rates and what we feel about investment banking in general and then are weçó■on the evet■ credit cycle ac, i don't find t

that compelling. i think it gives you an opportunity to take money off the table. as a trader, i would be looking to reshort these things. i always short them. i had a good trade on. i stayed around tooqlong i did not want to press short of it i would look for an opportunity to put them out on any rally >> a/■+■ with you on wells fargo. i sold wells fargo to get into morgan stanley, which is very different business, investment banking and asset management probably not going to have the best banking numbers, talked u$ere are. but that's a lumpy thing, and i think that will improve. so, it's one to be in, wells that we'll see tomorrow. i own banks. >> i'll say this about the market and what the implications for banks should be. the marketsñr■trading.e■ we've got retail sales tomorrow, which also are going to be another read but the numbers, while they're softening, we saw the tight market at consumer that has a

job. the market that'sçó■rallying rit now and a market -- it was a huge day in the markets. and it was a risk-on day that's the part that doesn't reconcile with banks banks have not been able to outperform the market. and they won't >> the carry trading levels, the lowest levels during the crisis, the recent crisis. they haven't gotten off that low. what's going on? >> sheila -- came on this show earlier thisf■ week. she suggestede1 something else warren buffet in tokyo this week said the same thing. it's not just us saying this sorry about that it's a flawed etf. it's berkshiref■ hathaway, jpmorgan, mastercard/visa, almost 40% of it say what you want. it's telling you something again is going to happen here. >> deposit losses may no#■ñ■be e biggest issue facingñ■ banks one of thel■ investors known for

investing, is bigger trouble ahead. danny moses joins us now, founder of moses ventures. great to have you with us. >> great to be on an up day. thanks >> you have no position in banks right now. >> i do not. >> what are you looking for? what are you curious about, particularly with thee1 regiona report >> i think we're going to see a shift from the debt obsession to what's going on in the economy i would like to hear what jamie has to say than jerome powell because you get a look at what's going on we're going to start to trade on fundamentals and not what the fed has done maybe you're now seeing rate cuts being priced in september my ceroncern is if tá)happens, the s&p earnings are only going to dripñi■lower from he market may be overvalued every bank tells you something different. some have been getting hit on the deposit shifts on the banks themselves wor

deposit flielgt flights, i'm concerned about the margins. >> what do they have to do to stabilize the margins? that's a costly venture. when you see a small regional bank offering close to 5% to keep money there, that's going to keep upe■ with that bank. ybih if you don't have anyone to lend to and your margins are going to get hit, you really can't w■gro so it becomes a return on equity story for these banks. and that's historically how they traded these banks are not overly expensive but not overly cheap yet. a month ago, i didn't have a position i don't have a position now. to me it's aboutç■ the story of falling for the economy. >> what about the re doesn't really reflect -- we'refá talki about earnings dynamics.w■ i would make an argument that the net interestingxd■margú■is something that we didn't give banks a lot of credit for on the way up the big issue is credit. and banks were trading at a discount to the market and a discount to themselves before we véá'j■ do you assess that here

and where do you thinkw■ investors -- what do you need to wait for vévá(■'■determine that credit is either not as bad as you thought or maybe it's worse. >> great credit comes in different shapes here, right? credit, obviously you're lending out to your clients, your customers, it's corporate credit and so forth so, we're goinge1 to get a pret good glimpsew■ of wells fargo, obviously in the auto loan book and things like that, corporate■ credits. i think what's lost on people is yes, last year was a stock picker's market.x■ and i think there's a bond picker's market. it's credit. thexd■ability of these companies they lend to to get i■refinanced is going to ](!■ge a lot of companies out credit from these banks. to get/ these banks have toe1 make decisions because cost of capital is going higher. and my career is taking that credit is figuring out what does that mean toe■ the economy as f as the contraction mayq■ be. >> how do you put positions on

it may not be the banking sector, real estate. tangentially, were thereq■ trad you put on because of what happened >> not necessarily i probably not a little bit more bearish. i think in general the fed has been somewhat of a slide show as far as what's going to happen here so, i think that all the deposits arei■i■ safe. and i think that if something else happens to another bank, we're going to be okay that's goingx■ to give the green light to people that it's okay to own banks people want to feelñ@rafeok owng things you see thee1 nasdaq, the majory of inflows that come in. i think we see that in the bank in safety int■umbers ñ■[■ lenders out there that are publicly traded and you can watch and garner a lot of information from these large banks on that may not get the access and creditok lines they need to keep going >> the hyg just bets on credit and rates, but the credit part

i'm wondering, is there ae1 scenario where there's not enough high-yield bonds created thate■ makes them scarce and therefore more valuable?t■>> th. q■x1■ the passive etfs for fixe income have ag■ys driven me crazy. i think it's more of a bond pickers' market goingu forward but passive etn■and changed income changed thatlp dynamic. people feel diversified. if you look at the break up and what's in there, you can see energy companies, consumer goods companies. that's what i like to look at. with rates coming in and the fed being done, i don't know how much juice you'll get on the short side i know time■u■■■talked about th before if credit spreads widen, i use trade. >> dannyu@-■ses, moses ventures. are you rethinking that short? >> i am. z■o■

enough bonds although i love the idea of the shorts i've got to come up with a >> it'se1 worth probably 75.5. when it trades, it trades the in a meaningful r trading around the bottomish for quite some the fed basically told you that we understand whate■ just happened, we're probably going to see a mild re ■á■rjj■ for them toe1 even say that is interesting. they acknowledge thatxd■that cod happen and they're still going forward with raisingl■ rates so, they view this, again, something broke in terms of silicon valley banks,eh■ther things out there going to e■bre. i think credit's next. >> it's an interesting time to be throwing credit back out on the short side we've seen a 60-bit tightening inq■ spreads in the last three çp7 m9 we went from the horror show to things aren't that bad i thr■k about the hyg. you find you're matching data. if you're using that as your

short to try to express a world ñ■redit's gone bad, that doesn't really move. i mean, itf■ all depends on how you put it on, if you have it on in options but what i've always noticed about the hyg, high yield can trade down and 20% but it probably isn't going to match moving equities if we have the credit blowup you might beq■ trying to express. >> true. i see what you're saying it's a very valid point. i really have to think about it. althoughñ■ it doesn't move that much either way. ) r■ right but if i really want to be turbo charged in that bet, i'vee1 goto change it. all right. the fed releasing its latest balance sheetçó■data in the last hour steve liesman has the details. >>e■ educators have stressed in the bankingjf system that you c call from the balance sheet, continue■nú■to improve

failures of silicon valley the fed's balance sheet aim in at 8.85 e■t■trillion, down $17 billion since last week. it's the third straight weekly decline. part of that of course a big chunk of that is the fed's financinge1e1 the failed banks are run by the fdic. borrowing at the e1discount fell and the one that will finance your paper, it was 71.8 billion. that's downñi■$7.2 billion from last week. so, the combination of the two, that's 3ré most direct signal banks need for extra liquidity the combined $9 billion decline■ again the third in a row but the $139 billion that they are borrowing, that's $139 billion more than they were borrowing before the banking turmoil. so, there's still some need for extraordinary liquidity out there. fed officials said they see banking problems easing, suggesting the funding made available to the bank is offered enough liquidity out there and

clearing the way for them to raise rates if they want to. but of course the bigger economic w3■roblem, the one i'll be listening tofá in the bank earnings tomorrow would be banks losing deposits and reducing their lending. >> th■uq+■, than+■wñ reducing deposits and e -- q increasing deposits and reducing lending. >> the blinding sound of lending is the sound of the economy. $257 billion above where we were spv. they took out all the qt and you can't tell me that markets move isn't associated with that. coming up,x■ streaming, netflix today. we'll dig into what's behind thate■ move and find out if there's more room to run plus an emerging opportunity, major shift in em money flows.q■we're looking soue equator for where that is in brazil when "fast" returns twork. (seth) and when i switched, i got to choose the phone i wanted.

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to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities™. welcome back investors binging on shares ofi■ netflixñi■this week. analysts at wells fargo optimistic on theçó■password

a■9■ what do you think othis move >> well, again, this is something that is incremental to the business that they had and i think this is part of the positivepegkd8i think people at, hey, this isl■ telling us the demand in streaming is going down lower it was really just netflixx■ dog something they should have done% i think the ç■ad-supported tiers both a positive and it will will be generating free cash >> yeah, the other people they noted they're going to be on q1, so they're going to come in stronger again, we all know where it got to maybe it didn't deserve to be north of $700. this is a stock that lost over but much more than that. 380 if you go back a year ago.u■ this was the second leg down from 380 down ton■■■those lows awe early in 2022. that's where we should finde1

resistance and quite frankly, that's probably where it's heading given the momentum of the broader market >> dan >> you think about just thei]e1 fundamentalals we had a lot ofko■ conversations about the ad-supported model we talked about the cannibalization and breaking up the password sharing all of that, if you#÷ consensus for gross margins, they're expected to grow you think about this competition has gotten really hot. we know they're spending a lot on original content. that was a drag. but we talked about timp@t(t&háw generation that drops right down. so, it really does drop. so, you know, that was probably -- when you were buying it in the depths of 2022 --xd■a i know you brought it, karen -- you had to be optimistic aboutt■ those sorts of possibilities it looks cheap on the outyear at 25 times but that could changee1 really quickly if there arel■ economic head windsl■ and maybe this strategy doesn't particularly work the stock's going to be onó

way back to 200. >> well, it's not cheap here, (ad8established theire1 dominan again after it seemed to befá faltering a year ago and with what's -- like you look at wbd yesterday with the max thing and you think all right, from now what is the dynamic going to be for streaming? top for sure i don't know if the cost of content will have gone down.e■ i think that some will have failed that's probably good so, i think the sort of macro sets up decently for them. i don't love the multiple here, but i wouldn't buy more here but i won't sell it.w■(t&há■p &% a money" to cou-ip ■s■ql here's what's coming up next abrazilianñ■k boom, money flowing out of china and into brazil has investments rising. traders are going south of the equator for this trade next. plus is there alp big box beatdown on the way? shares of walmart cooling off after its recentt■ run

and the charge could be pointing to even bigger discounts for the stark. u' watching "fast money" in times square. we're back right after this. dad, we got this. we got this.

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thank the gods. don't thank them too soon. kick pain in the aspercreme. welcome back to "fast money. time for a track on emerginge■ markets. the -- getting a nice bounce today. but there's onwqpecific part of the world seeingo■ a lot of interest from investors. >>e■ according to citi's brazil team started in late march and have continuedx■ into this week. g 2g partners with $90 billion in assets who recently made news with his $2 billion on gather m

adonny sharing he'sfá extremely bullish on brazil. adding if he were to go, quote, hard left, brazil has strong checks and balances in place to stop that from happening he also argues brazil is verye1 attractive despite the 18% run up brazil from its march low still trading at a discount, about 5 times earnings versus the broader emerging market index at 12ñi■times. howeqo(■ using thee■e■ relative strength index, technicians caution that the ewz is in overbought territory chinese tech stocks havee■ suffered big losses this month, accelerating this week after 10 cents larger shareholder proces■ reportedly sold stock. gdp, retail sales, thatok willo■ give investors a key read on the reopening in china >> seema, thanks

emerging markets >> that's a great story.e■ >> there is a story there, folks, and i'll let somebody else >> what do you think of ewz? >> i think it's interesting. i think if you're investing in brazil, you better hope the currency is your friend. thee1 real)■isx■ actually breakg through 5. and that's very important. and i think the dollar is theok story. so, if you look at the dollar, which is peeled back 5%e1 off of those highs but that the dollar is down 10% or 12% from the october highs, you're investing in emerging markets in brazil will do very well. i think there's a lot to do there. kthe call on eww and mexs been extraordinary mexico has really outpermrmed and i think it's going to continue to. >> it's@á■z■end of flom bay, correct? >> it is >> it's fun to say that one. >> you know, i was trying to come up with -- >> all right one option trader making a huge

bet that brazil will have huge gains. >> ewz is always one of vh busier ones. it was thee■q■ ninth busiest etf action we saw today. we did see calls trading well above average volume and one of the big trades was a purchase of theó[■ 18,000 of the september calls, 57 cents a contract, works out to about a million bucks in premium, making bets that ewz is going to be up 18%çó■to 34% by september exploration. if it does get toqthat upper strike, that's going to be worth about $9 million >> thank you, mike we'll see you tomorrow tomorrow being the full show, 5:30 eastern time. after the breq could walmart's rally be cooling off shares chilling out and pointing to a bigger breakdown. the q■details are next and the risk on rally was on in a big way today. can the momentum for momentum stocksñ■ut9■áu we'll look for answers when "fast money" returns get your trades to go wi e "fast money" podcast

catch us any time anywhere follow todayu■■■on your favorite podcasting app we're back right after this.

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we've got breaking news one■ boeing let's get to phil for the details. >> shares of boeing coming under some pressure. the company announcing it has been notified by one of its primary suppliers, spirit aerosystems, that there are two fittings for the fuselage of 737 max going back some years, going back toe1 2019, that may have non-conforming parts in terms of those fittings where the fuselage comes together with the vertical fin on the aircraft this is not a flight ofñi■safety issue. so, thosefá planes that are already in service that may have these non-conforming parts, they will remain in service but what it does do is boeing is inspecting those planes, those maxes that are currently in production -- and we're talking about 737e1s, 738fás, 737-8200s

well as p-8 model airplanes, which are delivered to the airplane -- there will have to be inspections on those in production or ine■ inventory,e1e already been built, to see if those models have a non-conforming part. at the same time, boeing has notified the faa about the situation and will be working with thel■ faa to come up with a process for making sure they can do an inspection and make sure that the p"■)■r parts are put thee1 bottom line is this, melissa. this is likelyo■ going to have impact in some fashion on production and ultimately deliveries of the 737 max. i've a5+ bo halting production, if they are halting deliveries they said at this time they are melissa, is that once again, there is an issue with a t non-conforming part -- not a boeing part, but a part from a

supplier, spirit aerosystems -- that boeing has been notified by spirit, and has determined theso two parts where the fuselage and the vertical fin come together, they are not to the specifications for the manufacturing process. therefore, they need to be x replaced in some cases, there were some planes that were built and they had conforming parts so, you aret(■looking at sharesf boeing under pressure. if we can call up spirit aerosystems,x■ i wouldn't be surprised if we're seeing some pressure there because what you're looking at here is, once q■g■ain, production questions about the 737 max. and remember, melissa, they had talked about for some time moving production from 31 a month up to 38 ore1 39 a monthe■ u5+(q■by the middle of this year that, i think, is probably onçó■ hold, depending on how long it takes for them to do these inspections and determine how how quickly can they be ñ■ replaced and ultimately there will likely be some type of protocol for

inspecting those 737 maxes that are currently in service around the world. >> hase■ scr rectified the situation withx■ thise1 part can they fix it right away >> well,e■ boeing says it will have the parts to fix thefá iss whether or not it is a different supplier, boeing is going to have to work that out. sure, over the next day or two but, you know, for a company that -- i don't know -- is close to a one-year high, 52-week high for boeing, because things have for boeing, because things have been working well in terms of preparing to furthere■ ramp upe■ production of the max. now that's going to be called into question. >> thank you keep us posted phil lebeau. we're seeing pressure op both stocks you still a shareholder? >> i'm a shareholder

the level phil is talking about is a level it's beenx■ bucking against. i think you stay long. especially after i heard --ok i can't just ask two non-conforming pieces of the a , which is the only reason -- fuselage >> you stole that. >> and non-conforming. >> good answer >> i looked at boeing a function airlines and i think,ó■■■you know, the tm of their rise and revenue outlook isó■# fantastic.l■ >> thank you >> all overñi■that guy, what do you thinko■ of boeg here >> boeingó1■ñ■reporting april 2 i think, right i wouldmbmit at these levels it's not cheap i mean, it's probably 35 times next year's numbersish but you can back that away and say, listen, they're on a trajectory where things are getting back to normal kim is talking about a cashñi■fw story which they finally seemingly have figured oute■ again. history shows when you get these

boeing case bombs, we'lt(■'■áñ w ñ■ekd8i'm really surpri, spr. i guess it makes sense they probably do 65% or 70% of boeing's fuselages that's 6.5% or 7%, which maybe makes sense. maybe that's what you should look at. >> let's take another check of the markets today. stocks rallying as we get ready for the kickoff of earnings season the dow climbingx■ 1.5%. the nasdaq seeing even bigger4■ gains, upó[■ nearly 2% large cap tech names like amazon,i] apple, google, are jumping in the etf up f■4% what did you make of this moveñ■ today? >> felt t■queezey. i think the back and forth that ñ■of late, in and5a■ out of the megacap tech is really interesting to the tune of, like, amazon -- people on "final call" last 5a■night, i think i i take profits

i am worried about that quarter. up for no reason doesn't make a lot of sense. there was a lot5af that price action i'll take you back to boeing look at the jet etf, if you pull up the one year. looked lt■qt was about ready ■■' to break out it looked like it literally just completed the head and shoulders bottom process think about what happened in february think about what happened to the consumer think about what happened to the confidential5■■■bank and the two reports from american and delta, and i think■ you have to extrapolate this sort of stuff. technically this etf is broken i think the group doesn't sound particularly great i think we're going to hear more and more like this it's going to be less interesting to own stocks at currentg that's>--■] take >> did this feel squeezey, or was this, 5■■■gain, the notionut the fed is closer to being done and we'reñr■goi■÷■to get a rate cut thisf■q■ year?f■q■

>> right although, i mean, i feel like whether it's 25 base points or even 50, i don't know if that matters so much -- i'm surprised by the strength of this rally. i wonder if there's some narrative where there's a softish landing that it seems kd8. i agree. squeeze -- not squeezey, ux■jus don't know, knee jerk. but the'c■ bond actually -- >> went higher >> higher, yeah. >> i'll just say, you have an index that's been consulting at the top end of the range and technically it's breaking out. it also todayvj back above the svb above the october cpi. so, there are good technicals going on here, and it'slpçó■been hanging around this area and had a chance to sell off the fed was almost telling you mild recession that would be great news for stocks >> i don't know how we know that >> there's a rule here, you can't bring back thex■ guest and danny mose5á left.

we certainly can't bring him back he talked about -- two years ago. i look at cpi as an inflation gauge, still 5%. and it's still been persistent as it can be ppi was a disaster people will say that's a great thing. but that to me is an economic gauge. things are going really poorly on the economic front. so, anx■ economy that'se1 -- i t want to say cratering, but cleyr■e and you have this persistent inflation in the form oft■ cpi if for some reason the market is championing all thiséq(■uáq■ they think the fed in the back half of this year with a 3.5% unemployment rate comes to theñ■ rescue, it doesn't make a lot of sense toe■ me. with that said, right now the market's on auto pilot cruise rol. >> coming up, buy/low sell i]ai. could it be making your portfolioe1 pick the man behind a new research report that takes the bot to wall street. don't go anywhere.ñ■ e learned tg to be the “cool” boss... ...is a lot harder when you're actually the “stressed” boss.

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walmart jumping almost 9% in the past month, but the question is, has the stock come too í9■ the chart master, carter braxton moore, says, yes he is out with a sale call on thee1 retailer today, saying its trading at ax■ difficultç■ level

walmart surging 25% since the market's june 16th low that is handedly beating the nasdaq 100, the s&p,e■ as well the consumer staple. what do you think of walmart >> i have been selling upside calls around 160 and i've been called away on some a little bit lower. i love the company and i lovew3■ the inventory recovery and i think they've made major adjustments and i think the trade down to walmart will continue but the evaluation is true here. >> agreed. same and not as big as i used to be think the p/e t■high ish but they've been çó■pending, spendi, spending and i think they could curtail that if they want. >>i■ 22 times for warmup is not crazy but it'sñ■ expensive in ts environment. and it's had a bigq■ run i never use this term. >> there you go, through you go. come on.

ez walmartñi■on one side and -- on the other side i didn't even knowx■ that mh -- >> the more you know >> but when they put out a note like this,q■ earnings the 18th may, a month or so away, i think you've got to take notice. >> since mid-%a■ch, look at what staples has done, what they've c■) they spent quarters now getulg it right i'll say this. if you were buying those because you wanted to be defensive a month ago in the throesp,■ of wt you thought was a f■,■ncial crisis, i think you probably at this point want to take profits. they were trading five-month lows that's where walmart was so, 10% on names like these for no good fundamental reason really positioning, to me that sounds like more of a great for investment >> is walmart defensive in

stock? >> yes i think so i think it's defensive qu■puá■ also when you consider that food and grocery is half of their sales and that they continue to be a their supply chain and push back onu■■■inflation. they're as nimble. they're as powerful as anybody can be >> the question isu■■■it trades term premium to target >> and at some point maybe that's not appropriate >> yeah. and i think it's a good worked >> did you see carter's line i mean, literally to a tee, they drew thw?■ cells and they went the penny. so, when he's got an arrow pointing down, when it's a red arrow and youe1 see the up trend that it might go to, that lo&■ like about 10% >> you know, it looks like a bird flying around in here >> it's a fly, a giant fly >> it's a bat. >> what's going on

>> it's very huge. >> i'm goingu■x■ to swat that a from people.o hear anyl■5■■■sto coming up, ai heads to wall street could a bot be your new financial adviser? just how wcaell n chat dpd predict the markets? the details when "fast money" returns.

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welcome back here's ae■ sneak peek at the cramer hand. the full interview at the top of the money on "mad money. chat dpd has taken the world by storm this year owork, cover letters, tv scripts -- justqk joking university,t■florida foundt(■th ai platform had better than random results when looking at investment ideas.e we asked whichç■ stocks could outperform the s&p 500 in the second half of 2023. the response could have some caveats. specifice■ investnu

company's fundamentals as competitors. as well as recommendations forx■ analysts >> disclaimer, disclaimer, disclaimer >> but ultimately the ai model came up with apple, microsoft, johnsonx&■)=!9m=91ñ■and alphabet traders are probably safe for now. let's bring in the co-author behind the paper, alejandro lopez. he is assistant finance professor at the university of florida. professor, great to have you with us. what did you e1find? what is just important to understand about the current chat is that its data set is old. so, it doesn't have any current information. and everything's based on looking back,as opposed to predicting >> correct so, we actually use that to our advantage because if you use it with old data, you're actuallyec not predicting thee■ future, ju remembering what happened with stocks what we do is put onñ■ a headl9 the headline good $■ e company? and importantly we asked to x■

pretend to be our financial adviser so their usual )■does not apply >>ñ■ okay. so, was it accurate? tricky particular in -- you can seeqdeclines, compared to estimates is better than expected there are a lot of nuances >> yes correct. so, it was a little bit surprising to see that it predicted very well and it's actually aebl to capture some for example, one headline was about google -- bad micro environment and the answer was, well, it's good for the stock price because even thoughe1 it'a bad may crow encro environment, google is showing points >> thanks for being on let meñ■ ask you what exactly was the mission whate■ç■ did you ask it to do? >> so, the exact questione1i] we asked it, here'sx■ a e1headline this headline going to be good or bad for the company in the

short term >> so, to the picking stock part >> oh. it's -- so, we just modified the question a little bit to ask for the stock pricing. and then once you have enough headlines, you basically just inves■ó■in the company with good headlines and not invest in the companies with bad headlines.e so, it's conditional on a good headline >> clearly the more investors use this, there's no e1edge. if everybody isw3■usinge1 chat and asking the same questions, everyone is getting the same output what is your thinking in terms of how this could be improved down the road by wall street, thw■o■ they would have better da sets, they would concentrate on the data it feeds aixmmñ >> on one hand it's going to decrease the amount of work you need in order to understand financial statements or nmw■ headlines because analysts jobs just gotq■ so much easier, right i can mostly plug intoe■ news, k for a summary, and most of the

time it's going to be roughly accurate and i can chmn the rest of theç■ time so, going to come with an increased tbd with this analyst and definitely the financial industry is going to be looking for the new edge how can they invest? how can theyx■ make it better? from now, it is not going to be used for --e1 >> should anybody on wall street be afraid for their jobs >> or on this show >> i think on "fast r you're safe. i think the job will just become easier the job will just become easier because you have so mucho■ñsjut■ tools. i myself5■■■saw increa.■z■in productivity and afterwards it's always a good idea to make yourself necessary for the company. >> all right alejandro, we're going to leave it there thank you so much for joining me fascinating paper. he said that we're safe. we're all safet■ here. >>l■ no!

>> there are many reasons we should not be safe >> you were talking about -- joe was -- he's terrified. somebody like me, thi[d■s terrifying you know, this computer becomes■ self-aware, the whole thing. >> the hilarity. >> singularity, exactly. so, i'm terrified by this. the good news is i'm probably on the back nine of things, so it doesn't really matter all that much >> there are efficiencies to beo wrought from this. >> sure. we've been talking about the algorithm it feels like for a decade it's not really too different. i don't think there's going to be some chat functionality that intents and purposesor all÷j that's what machine learning is good at interpreting in a very quick fashion. we have plenty of people who have been commi!÷)j■ tons of resources, doing this for 30 years."■e■ actually, you know wi mean acceleration is something we should all be worried about, even you, tim. >> thank you let's give alejandra his just

due. i think it's kind of reverse engineering and how we got on the stock. we all own thes■ñ■stock market knowing history doesn't give you the ability to predict the future speaking of disclaimers, that would have been part of that lead-in. it's fascinating stuff >> i'm surprised it didn't come up ws nvidia for real, geniv it's sortlp of the raw materialf creating this ai. all right. coming up next, new trades the world through their lens and invest accordingly. you can call us christmas eve at four o'clock in the morning. we're gonna always make sure that you have all of the financial tools and support to secure your financial future. that means a lot for my community and for every community.

time for the final trade >> i love the golden arches. i think ther expensive here i don't want to sell it outright, but i'me1 selling upse calls around 200 >>t■ yeah. sure i like the call on walmart i'd be ae■ seller. >> karen >> you know, i always say, if you went long, it's like -- i am jpmorgan thatg■(■ my final trade. >> earnings tomorrow >> every once in a@ñáwhile, there's a game aul the madisoá1 square which ise1 meaningless,

superfluous. tonight is one of those games. you go to the game tonight to see the leafs of toronto, the maple leafs.ñ■ this is going to be a little ice ka paidse■ meets nhle■ hockey. >> you guyse1 are going? >> thanks for raining on theñ■f■ parade >> outside call. >> i think you could stay with cafe mack. >> go rangers. >> "mad money" with jim cramer starts right noud. . my mission is simple, to make you money i'm here to level the playing field for all investors. 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 trying to make a little money my job is not just to entertain but to teach you and educate so call m