tv Fast Money CNBC July 17, 2023 5:00pm-6:00pm EDT
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it is in the future. they did not make their case in federal court. >> effectively had to downplay cloud gaming in order to get the deal done. they had to say, look at the emails. we don't think it is that -- >> it was huge to hear them play down quote in testimony. >> that will do for overtime. "fast money" begins right now . from squid games to big games, shares of netflix with two historic strikes grind hollywood to a halt. were able to buck the trend? once the bluest of the blue jets at&t going to levels not seen since the clinton administration. reach out and save this one? harvesting games. i am illicitly and this is "fast money."
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head of technical analysis -- we start off with my click streaming past the competition in a big way. the immediate giant rising more than 3% height and closing today 2% up. as we the second quarter earnings report on wednesday. it is contrasted compared to other titles in a media space, paramount, disney, warner bros. are all falling today. disney losses wiping out all its gains for 23. tradition studios reeling under the pressure of actors turning writers on the picket line. this is a live look at the strikers right now in los angeles. the vast library of content and is relied on unscripted shows an international pipeline insulated from the pressures that plagues the rivals? >> it does feel that way. the evaluation is justified.
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when it was draining 185, 190 or so. it was less than a market multiple per we talk about how cheap it was. it is getting more in line with where it was historically. you probably still have 25% eps growth on a stock that continues to grind higher. i'm interested to see what chris has to say. this is for for the level ash. the all-time high we saw the fall 21. that trough level i just talked about. this is a logical place to pause. >> there is no the trend of the stock is up. a year ago, last april where you broke down from this 450, there is a massive gap. were up about 180% off the lows. right into the 50% to talk about. you've only been this overbought on the weekly rsi a handful of times. if you look for a logical place to take this off or pause, this
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is it. we're going to earnings 30% of the moving average here as well. that is risky into it tricky seasonal period where you start to lose the support of the calendar. >> who is writing the picket signs for the writers that are on strike? >> so clever. >> i agree with chris. this is a great spot. i think it is a little bit overdone. you have had enough of this built in, we are past not sharing. you've had a run-up. you have had the king of content needs to be disney and now netflix is the king of content. this is hugely overextended. i would take it off the table. >> the question is, you know, how long do you give netflix the premium of others. we see the strike and netflix will be the winner you afford netflix that premium and that ends there or is there a continual as more time goes on, the more likely someone might turn off of another
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subscription and turn onto netflix and is an actual beneficiary. >> i think all of that is true. as supportive and password sharing are not over. i think there is still room to go there. the strike benefits them. also, going into the strike, they had a gigantic lead of subscribers. moore, they had a balance sheet that can withstand and grow. they are in a very different position. i am long and stuck. i would consider selling upside calls. i do not once before and had to buy them back higher. it is hard to get around the multiple. i do believe in the story. that has happened in other stocks, apple as well.
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>> you have explained that to me. >> it is hypocritical of me. i do think they will win. consolidation in the industry and i do think they will be a beneficiary of that. >> this underscores the divide between netflix and the others in terms of the pressures. we're just augmenting the other day. the immense pressure that it feels across all this business but particular dtc would make a cost, this is not the time. these groups are striking at the wrong time. if they want to strike, they should have strike during the pandemic or when things were good for disney. >> in terms of the timing for the company, it is the worst time as well. this is something that tom rodgers talk about last week. there two years away from disney figuring out some of the errors of their ways. this is a stock on 85 1/2, we are with and a dollar now of an eight year low in the stock. that is pretty unbelievable, if you think about it.
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the value truck with disney has been exactly that. >> this is pandemic lows. it is crazy to think. when everything was closed, the world stopped. >> you started to have streaming. money was free. they were growing -- >> it is a huge amount of money. this has been totally discounted where it is training, to your point, at the pandemic bottom or thereabouts. everything is just thrown off the side as if the stock is worth nothing anymore. it is beyond me but it still does not rally. >> this $80 level has been the line in the sand for nearly a decade. if you look at relative terms, disney relative to s&p , you're making 15 or 20 there. we all kind of agree that netflix is frothy here but what do you switch into?
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the viable alternatives are not very alternative. >> he did telegraph this quarter and probably subsidy quarters are going with that eiger interview. i don't know if anyone knows that now. can they just report a terrible, horrific -- >> you need to make some bottom off of that with new lower move lower? >> we'll go the damage, this is a process that will take months and months, not days. we know the bad news and yet it goes lower. i want to see days where the stock is resilient on bad news. that is not been the case. >> i think it was david faber's interview. we talked at north of 90 bucks, 90 1/2. stock does not trade well. it is telling me there is a problem. i think the airport on the ninth of august, if i'm not mistaken. i don't think meaningful rally and take it to earnings which is a few weeks away.
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>> if you are going to cycle out of the ones that are wounded and could be more wounded in a strike scenario, should netflix be at least a short-term winner? at least for the short term ? >> there is nothing to cycle into. everything else is gotten decimated and continues to not get a bid. the answer is, maybe you don't cycle into a competitor for you cycle into a different stock. if you're running a fund or training your money. if you're running a fund, you will cycle into something that is either cash or competitor. if you're running your own money, you just get out of netflix and wait. >> for more on what the sag- aftra strike could mean for companies, we will check in with julia boorstin. we don't quite yet. >> there is a little hick up. >> there standing in front of a picket line. i think steve brings up a good point when he says, not this
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one. some kind of media company, would that be? >> and paramount, that was terrible. i don't know what happened with technical default -- i don't know if that makes the story more right. maybe, i'm not sure if you want to buy them. maybe i would go with comcast. it is not great. but pitch the parent for a little bit. >> let us check in with julia boorstin. she is out in los angeles with an actor. take it away. >> reporter: i am here outside paramount. in addition to being an actor danny has a lot of taco stores in los angeles. you came here to support the actors. tell us what your perspective is on the strike. >> were asking for everyone to be fair. everything has gone up. not our wages. we are all not tom cruise.
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we have to support our money. wilson, call me. >> your leaving a message for the governor. what is your message? >> call me. >> reporter: how concerned you about artificial intelligence as well as treating revenue? >> let me tell you something, i am worried about regular intelligence. that means they can use our image or are -- whatever. residuals are slowing down. wait, give us a piece of that pie too. right now, nobody is working. this affects a lot of people. this affects every restaurant around here. this affects every gardener around here. my gardener is at my house
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right now. >> reporter: are you concerned about a.i. either replicating actors or taking more jobs? >> you don't want anything to take away and it is not good. when everyone is excited, we've got a robot that can do this. good. you just took us out of a job. we have got to remember that we are all on the titanic. we have to take care of each other all over the world. >> reporter: how i do think the strike a blast? >> i hope not too long. income tax are coming up soon, i know i'll a lot. president biden, you have to wait for your money. >> reporter: i understand you bring water and tacos to some of those that are striking. thanks so much. melissa.
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>> thank you very much, julia, for one of the most colorful interviews. you never know what you will find in front of paramount studios. he is one of the most prolific american actors according to imdb. he didn't nine films in 2000 alone. i would not have thought he would've been that efficient. >> he did juggle a couple of things. >> it was interesting that he said we have to help each other out around the world. that is where netflix has the edge, the international aspect. production can go on in south korea or europe. there is no writer strikes plaguing production. >> i think there was a cnbc.com article talking about that. they are protected from what is going on vis-@-vis exactly that. danny trejo was in the movie,
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he . i know you are a huge fan of. dinero, astley jada, val kilmer, tom sizemore, and you did not know that. it upsets me to no end. 80% of the people are part of these unions. they are living paycheck to paycheck. it is nice to see, at least they're trying to get there having been left on the wayside for the last 15 or 20 years. coming up, a price cut towards f-150 eating a whole lot cheaper. how the strike could in pack the auto industry. stomach plus we're mowing into the agricultural trade and russia having an impact on grain prices. can this be the breadwinner of your portfolio? we will debate that when "fast moy" rneeturns. to help you see untapped possibilities and relentlessly work with you to make them real.
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price cut. this was a substantial announcement from ford. the price cuts, depending on the model for that particular model down 70 -- 16%. that is the amount being cut off msrp. the base price of falling almost $10,000, under $50,000. the base f-150 lightning was at one point, $59,000 and narrowed down to $49,000. if you are ford and you are looking at these cuts that have happened, the shares, i was he, have hit dramatically. keep in mind ford is the number five u.s. ev seller right now. they are not in the top three. they are number five in the number of ev that they have sold. the key here is to keep in mind is you look at the uaw talks. while a lot of this is the established in internal vehicle
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business, and what is happening, for ford, gm and so lantus, they want to close the pay gap between themselves and the automakers, their u.s. plant but look at tesla, the estimate is that tesla is all in. hourly wages is $45, for the big three. you see the difference. three things are going to be key in the uaw contract. that contract ends in mid- september. job guarantees because it takes fewer workers to build an electric vehicle, cost of living. they would like those added into the contract, easy to see why given what we saw with inflation in the last year. finally, what the autoworkers would like to see is an end to the wage tier level that was put into effect as the companies came out of the government mandated bankruptcies , at least stellantis and then chrysler and general motors.
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basically, ford came in and matched it as well. they would like to see an end to that. bank of america estimate if there is a strike, one week strike. we don't know if it will be short or any strike at all or it could be a long one. if it was a one week strike, bank of america estimate the cost to the automakers to each automaker would be somewhere between 470 million and $770 million. that gives you some indication of what is at stake when this contract comes up in mid-september. >> no pun intended, tesla, the stock we know what it is done. wells fargo had enough to raise the price target. tesla karsh and people margins will come down. margins were like 23% of the time. we will not get down to legacy automakers levels but we will come in somewhere between 17 and 21%. wells fargo notes to just 17.5% is in the running.
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is that a warning sign or with all the price cuts we are seeing, the natural course of things? >> the natural course of things. this is the trough that you're going to see and gross auto margins excluding zero mission beagles credits for tesla. i talk a couple else you said, if this has a 15 or 16 handle on it, it will put some pressure on people and have them question whether or not it is the trough in terms of gross margins for tesla. the expectation this is the trough and then they went back up again, especially as they boost their scale in the second half of this year. increasingly, people are saying, we think they will deliver, maybe 1.9 beagles or 2 million vehicles. their guidance is 1.8 million vehicles. >> back to ford -- sergey switch gears again.
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if there wage cost is going up and some of their cost have come down. can you walk us through how this factors into margins as a whole? they seem to indicate there is more room for either further price cuts, if needed. >> they believe that there are. they believe that the increase in production, the supply chain improving and the supply cost going down all allow them to put these price cuts in place and the volume will make up for what they may lose in terms of margin. i'm not sure everyone agrees with that. at the end of the day, there is still a long ways from the ev business being profitable. separate from what happens with margins, when you cut prices, you are clearly trying to stoke demand. i reached out to dealers today who have said, we need to man. it is not a supply issue. there are lighting that are available to buy.
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they need greater demand. if you think back to a year ag , they had so much momentum behind the f-150 lightning. if you like it has been squandered away. it really does. you do not see them in large numbers out on the road. i see them more here in the midwest than i do elsewhere. you don't see them in huge numbers. i think ford needs to have the huge numbers and the production and the sales increase. >> phil, thanks. this as tesla announced that it produces first cybertruck off the production line over the weekend. it really does seem to underscore the lack of demand. when tesla came out with its price cuts, they're doing this because no one wants the cars. they have to cut the price. now ford is taking a page out of the tesla playbook. let us cut it and see. >> i cannot help but wonder if it is somewhat cosmetic,
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something or other in front of the negotiation. these things were selling like hot cakes and maybe they are not now. >> and you have to take a pay cut. >> i don't know. why? >> the timing? >> yes. clearly, it is not good for gm either. anyone who will offer products in that space. i am a bit surprised. >> i think the simple thing is often the right one. you do not cut prices when demand is robust. demand is not robust. even in the most benign of corrections, you still have another 8% ago. it is a very reasonable target here. stellantis is a better chart. toyota is a better chart. >> would you said the same thing about tesla fitted cut of prices? >> i probably would have on the market would've said that was the incorrect interpretation.
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very different pictures and different phases of their life here. when you look at the message from ford, it suggests that the demand is not there. >> that was a profitable trade. traded really and. when we look at ford, we talk about margins. ford wants to run to an 8% margin on their ev's. they're going to lose $3 billion on their ev's this year. they are a long way from kansas. that is 2026. that is if they can chop wood and get to that goal. if you're going to buy the direct players for you don't buy the ford of the gm yet. >> the short answer is, ford for trade, could be interesting. to chris's point, in march of
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1997, ford was a $14.10 stock. today it has gone up and down. it is done money. you have to trade around levels. this is probably not a little to get along yet. two these are names that could benefit in the strike here as well looks like one of those big industrial spaces. this raises a dichotomy. you're seeing prices fall at the same time and labor has the upper hand. we know wages are sticky but they are set by contracts. and prices are volatile. i don't think it is great for margins. >> there is a lot more "fast money" to come. here's what is coming up next. agricultural action, farming starks harvesting gains as grain prices store -- sore. the details next. banks earnings are underway. while the news has been good, the stock moves tell a
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different story. will tomorrow's report turn things around? what to expect with those reports, ahead. ve fm e watching "fast money." lirotimes square. we are back right after this. our clients' portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently.
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welcome back to "fast money." wheat prices spiking earlier in the day after russia determined a black sea agreement putting global supply at risk. the grain did in the day lower. to spurgeon tried to suede fears and he believes vladimir putin has plans to restart the dl. they are all moving arm. >> this was supposed to be hypothetically a day trade.
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ical -- i catch the balance off of the headline but it will not be a long-term investment. these headlines driven moves are usually just that. they will subside. somehow there will be workaround. somehow though we production will still flow somewhere else. or people will adapt. i am in it right now but i don't intend on being in it for long. >> this new system percolate for a few weeks. today was the fourth deviation move for wheaton past three weeks. when you get these moves erase the likelihood of something larger brewing. i like a chart here a lot. a lot of these in the eight or nine month downtrend that are now broke. weather is adm, or bangui. >> are major spikes? we saw a translate into higher food prices at one point.
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does that happen again ? >> when i look at in a mike ad , the longer trends are good. the consolidations are correct over last year. we are fairly orderly in context of the long-term picture. i like him here longer than a short-term trade. >> bangui three 104. it was a high in november of last year. and then you can talk about levels we last saw in late 2022. there is 130 or so. evaluation has been compelling. the story, the fundamentals behind these names are compelling. more bank earnings on deck from bank of america to goldman sachs. gerard cassie will join us next to lay out his top picks and which one he says are in trouble. cormac
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kaiser for the years. the s&p announced that their highest is april blusher. apple closing at a record and ending the day just shy of 194. is first time the stock is done that this month. meantime, banks of getting ready to report earnings burn. morgan stanley, goldman sachs, bank of america all on top. more than 11% so far this year. analysts expected encouraging results. he is a set of u.s. bank equity strategy. gerard, always great to see you. bank of america is one of your top picks here. i've got to start off of that. what are you saying and what makes you pick the ladder of your group as one of the top picks? >> thank you for having me on the program. the reason we like bank of america it has a very strong core funding base. this core funding base is going
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to be beneficial to them as the federal reserve keith -- keeps interest rate six for an extended period of time. if we see it stay above 5% for 24, bank of america will benefit from that because of the strong deposit funding base. >> gerard, it is karen, thanks for being on. it just felt like a much better job managing their book. and then they were the place to go to for deposits. bank of america has been disappointing but the pe is really low. they had a little bit of maturity issue. do you think they can get -- what do they need to do to get to a multiple that is double digits? >> you are right. they have certainly had an issue with the maturity portfolio, particularly in their bond portfolio.
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what i would suggest that if the federal reserve is going to hit its rate for fed funds, possibly in the next two or three months, we are likely to see for all the banks is a deposit rate for the industry tend to peak three to six months following the terminal rate. if that person be the case and the long end of the curve stays between 3.8 and four a quarter percent, that is positive for bank of america. and the maturity bond portfolio is going to, overtime, paydown and that will benefit them as well. that would be a hold back on their performance this year. >> in terms of stock performance, the flipside of j.p. morgan is state street, which was an unmitigated disaster last week. it is probably close to 20% down since they were reported. is that state street civic -- specific or is it something more dire for the space? >> that is a good question.
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their numbers, when they came out on friday really gave the stock. it had to do with the fact that they guided down quite severely on their net interest income. as you know, state street is a custody bank. their customers are not grandma and grandpa -type depositors. as a result, they have to pass on almost the entire rate increase to those deposit customers. now they are guiding down on net interest revenue. when you think the fed is going to start cutting the rate, which is not near-term, when you think that could happen, state street and bank of new york will be the two things going into rate cuts because they will cut their funding cost more quickly than companies that have the court deposits like bank of america. >> gerard, we're going to get a look at the regionals next week.
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you say that the coast is clear. there are not any more bank failures to come. what will you listen for and some other conference calls to give you some more evidence of that? >> you said it well. with over store in march and the failure of first republic in may, were very idiosyncratic. it was totally different than the typical bank. we don't see any types of deposit problems like that for the rest of the banking industry. what we are expecting as rates have risen is banks will be using the term funding for more of their deposits. they need to do this to keep the depositors happy as well as the non-interest-bearing accounts. that is what will put pressures on the margin and they will be very difficult for the regional banks on the margin. once again, should the fed it reaches turnover rate in funds and deposit rates by the end of
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the year, the regional banks will be in good -- going in the first quarter of 2024. >> always good to speak with you. thank you. gerard cassie, rbc. i think jimmy diamonds of us on j.p. morgan that there is no pricing power in this industry. when rates are higher, you have to give a higher rate. smaller banks, it is harder for them to compete. >> plus, you have the overhead. if you are smaller bank, you have a but of hard time being efficient. >> it is j.p. morgan and every other bank on a performance basis. if you don't know j.p. morgan you are wasting your time. regional still have not bounced as much as you thought they would. everyone is waiting for that balance. it really does not seem to be coming. people are putting their money into those big money center banks. j.p. morgan has won the lion share. it is too easy to just switch
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your funds out from your phone into a j.p. morgan. why not do your stock investing and leaving with j.p. morgan and have everything under the sun ? >> it is -95 inverted. it is not a great environment. what i cannot reconcile is when you relax the headlines of how good some of these bank earnings were on friday, the price action from the stocks was atrocious. city reversed six, bac reversed three, apm reversed 2.5. these next two days are going to be really telling. that was a lesson friday with bank of america, both names still below the 200 day average. i think it is a burnable set up into earnings. >> we talked about it and you are not here and we talked about the reversal in the bank. chris's point is well taken. they are pretty important levels right here. one has to wonder if this
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effect ever takes hold of the economy. thanks will suffer. that is just the way it is. valuations will matter. >> tune in tomorrow to hear from top bank executives. we will have a report right here on cnbc. talk about a dropped call. shares of at&t hitting a 30 year low. is this a cellular cell? we will find out how they are dialing. fast money is back in two. period 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. e*trade from morgan stanley.
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at this point, there is no way to quantify the risk. the challenge is that there is not a lot of good reason for people to own the stocks, anyway. if you focus on the fire, the danger is that people say, what do i need to be involved for? that is why you are seeing this incremental selling over the past few days. >> that was sanofi shedding some light on at&t moves. a downgrade from citi.
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and stemming from the use of cables. where there is some liability so she with that. lows not seen since february of 1993. how bad is the stock chart? >> it is bad. i think it is inching when you look at the life of the chart, it has not made a high since 1999, we are 20 something years into this distribution process. the bull market never made a new high. in 2009 through 2020 made a new high. now you're back to 30 years lows. you have to look aside as s.e.c. of the peers and say are their peers at risk care? i am worried about t-mobile. everyone knows it. it rallies right back to resistance. it is in a downtrend. we've got to think about selling some of the peers, t mobile would be high on my list. >> the all-time high intimal is 152 or so. chris is definitely right.
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they are the leader in the space. there are also getting rewarded for in terms of valuation. at&t, i am wrong all the time. we have been right collectively on the stock. you have lost the dividend 30 times over. there is no compelling reason to own the stock. >> t-mobile was the disruptor in the space. they were credited with that in the stock price. they have continued to try to break ground on different things. t-mobile will not be the same risk that we are having with at&t and verizon some of the froth has got to be taken out of the balloon there. even though it has sold off recently and it is rallying back , would you rather -- i know -- i would rather be t-mobile versus the others. there are better places to put your money. >> i don't care. [ laughter ] if you really
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cared, if you stop to think if we cared what would you -- >> what would you rather? this show is one big, would you rather? by it, sell it. sometimes your words are, lets up. >> look, would you rather? matt karin, did you ever own at&t? once upon a time it was one of the most widely held stocks in the united states. >> i think it is a merger, arbitrage something or other. the dividend, multiple times over. could it bounce? >> share sing a song that words are like weapons and they hurt sometimes. they do hurt sometimes. >> they wound. >> we will talk about it -- >> at a commercial break. two let us get to mike with
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action. that 8.2% with the sinking stock price. one has to wonder. >> this was the fifth busiest single stock today. it traded six times is average. we did see calls outpacing by about 2 1/2 to 1. the business office for the july 14th calls for those will expire on friday. we saw some other calls trading as well, august and november calls. i think it is important to understand that what is going on here. i spoke to some people who were on winding positions today. a lot of these buyers are just unwinding stock and thinking there is a little bit of a bounce. you take a look at the options, we do see a dividend cut implied. maybe not a huge one but it is common for dividends to trade a discount. i think a lot of this is a fear
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of missing out on a dead cat bounce. that is probably the rational for the long bus we were seeing. >> mike, thanks. tune into the full show as friday 5:30. coming up next, the breakdown on luxury retailers and if there is any hope in the handbag trade, next. this thing, it's making me get an ice bath again.
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european lecture repairs got off to a strong start this year. recent weakness could mean the stocks are heading to the clearance rack. let us go off the charts with chris. what are you watching? >> an important group for the psychology of this market. it was only a few months ago this whole group of names was viewed largely as untouchable. they were taught about in the same competition as the u.s. they really stalled out here over the last two or three months in april. whether it is of the mh, which got rejected at the open sharp lower. slice right through the 50 day. the real troubling chart is the
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watch business, 15 to 60% correction that name. that have been an absolute leader for the past couple years. there is some little hints of weakness in a group that is largely has been good. her naz would be another one. i think it is a reminder for all of us about all of these names are groups that give the perception of being untouchable are in fact not untouchable. they are just names. this is a group that is stalling. it is an important read on luxury. it is important read on the consumer. they're not acting that great. >> china is not happening at all. >> i own and carrying and i own louis vuitton, which are huge french glamorous. it is inching to note that very heavy and watches. there was a big gigantic surge and watch prices, it's wrong. the desire for watches. but think the pandemic frenzy is stalling. that is part of the problems
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today. clearly ed has spilled over. they talked about the u.s. being a little lighter. we know that china has been slow to come back on. i still like them. i find them touchable. i am hanging onto them. >> one of our names that we have been a long, cap paris. that is jimmy choo and versace. this one has not perform when the other luxury brands were performing. when you see this one, this one probably gets hit the lease now. maybe you see a tailwind in the stock prices. >> what do you think of the chart? >> it is not a a good chart. >> i let you go after the weakest animals in the herd. this is the weakest chart of the bunch. >> thanks for coming tonight. [ laughter ] >> week luxury name. it is an
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interesting dynamic. we are told how strong consumer is been lecture names do not ask that great. >> retail darwinism. [ laughter ] on the first of august, 126, 134 has been resistance a bunch of times. if you are buying your product bag or your jimmy choo, if you're trying to bust at retail, what are you thinking? let us try to shop here. i'm just putting it out there. if you're looking for anniversary gift or something, get onto real wheel and by that chanel back at half price. i am not even a spokesperson. but it is true. >> that does beg the question, is that additional pressure on some of these luxury brands? you can find items so easily and in fairly good condition. is that a concern? >> it is, on the flipside it
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time for the final trade. >> long, fc decks. >> steve. >> grayscale, trust was my final trade last week. got rejected. i think it will bounce again. >> karen. >> first danny. he was currently in on it. brilliant. that was very -- my final trade, morgan stanley. we will see some green shoots in the capital market. and a great money management. >> maybe a successor name.
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>> you and karen go home often together. now you should stop at the blockbuster on the west side and rent heat. don't patronize me. i'm just saying, greatov mie. >> always great to my mission is simple, to make you money. i am here to level the playing field for all investors. there's always a bull market somewhere, i promise to help you find it. fast money starts now. looking to mad money. trying to make you little money, my job is -- -- call me when in hundred 743 or tweet me @ jimmy kramer. the first, one concentrated risk is a zero. that is why am looking at the
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