continue, you just wonder, the burberrys of the world, the hermeses of the world, all the names i can't pronounce, bo bottega, we'll see. robert frank, we would never luxury shame you, ever. he is luxury. guys, thanks for letting me sit in here on "closing bell: overtime." hope you have a wonderful weekend. "fast money" begins right now. live from the nasdaq market site in the heart of new york city's times square. this is "fast money." here's what's on tap tonight. countdown to q4. the dow setting another record close as major indices look to buck the trend of a down september. how stocks are setting up as we kick off a pivotal fourth quarter. and problems at the shore. longshoremen preparing to strike across the eastern seaboard. what it means for trade and how someone on this desk is playing the action. tesla revs up ahead of the delivery report.

a breakthrough for schizophrenia. and a power play that is beating every member of the mag 7 in this quarter by a lot. we start off with a winning run for markets with just one trading day left in september. investors seem to be shrugging off concerns over what has been a traditionally weak month. the dow jumping 2% in september, closing today at another all time high. the s&p and nasdaq both down today but up solidly for the month. all three showing first september gain since 2019. the big winners may surprise you. the discretionary and utility sectors leading the pack. energy and healthcare trail behind. one big catalyst, central bank easing, driving the gains. and today another sign suggesting more rate cuts to come. the fed's preferred inflation gauge coming in lower than expected for september. moving closer to the fed's 2% target. as we get ready to kick off the final quarter of the year, and the good times keep rolling,

steve, what happened to your seasonality? >> yeah, that's what -- >> boom, boom. >> that's what happens with seasonality. sometimes it is on, sometimes it is off, it is averages. so for the last five years, september has been an awful month for the markets. not so much this september. so, i'll push back on you. does that mean october is going to be bad? >> so, just -- >> you don't know. you don't know. we had the fed -- >> you never know how the markets are going to -- >> you do have seasonality. when you go into the -- when you're sitting there on the roulette wheel and guessing black, black, black and it comes up a different color, there is always the chance, right? but we did have a huge event with the fed. we did have a huge event with china stimulus. we are in an election year cycle. so, i'm happy to have been wrong that we didn't sell off. but it doesn't make me think that we're not going to sell off in the near future. i think we do need to pull back a little bit. >> that's fair.

we're still facing an election to come. where things are a little bit uncertain, it is very, very close in terms of who has got the lead and where they got the lead. and there can be that volatility as we enter the next fed sort of meeting period and we don't know what they're going to do at this point. >> i don't think we're playing roulette when it comes to looking at the economy. tea leaves and how we're looking at week to week we get data points that are difficult to read. when we think about the drivers for the market, we know next friday's payroll number is going to be huge. we know if that shows too much weakness, it may be a sense that, again, the fed is too far behind.hetoric this week was, like, hey, some said 50. i think 25 or 50 for the next meeting is not really what we're focused on. we're focused on the dynamics around the global economy, focused on dynamics of where we're getting company earnings. you led or talked about where utilities and discretionary, which seemingly could be two different parts of maybe two

different investment approaches. i've been somewhat cautious. i've been outright at times bearish on discretionary. i think the consumer has some trouble here. but, you know, go back to some of the names. mcdonald's making all time highs, places we thought the consumer was most under pressure. a lot of companies delivered and we have seen some relief for the consumer. we're going to spend time talking about china, we talked about it all week. other central banks around the world cut rates. mexico, switzerland, other parts of the em world. there is relief from central banks. there is stimulus everywhere. and i thought even those gdp revisions yesterday and some of the jobless claims numbers tell you not only is the labor market, there is no correlation between jobless claims and what we saw with higher unemployment rate. so, i think the jury is still out that the labor market is not falling apart. and i also think those gdp numbers showed revisions to consumption and spending that were encouraging, so if you want 2% growth, out into 27, like jerome powell told us, equities can go higher. >> julie, what's your take? >> i think it is kind of interesting. this month we saw that the -- there was a revision for the

savings rate for the average consumer savings rate. it was trending around 3% and probably closer to 5%. to me, that's a pretty big deal because it is a consumer driven economy. the norm is more like 7 or just under 7%. we're still spending more than we should be historically. that gives me a lot more confidence that the consumer still has the where witwithal t out and spend. i'm feeling a little more optimistic on the consumer sector. the thing that is tough for me, where are there attractive valuations and that's where i think i have a bigger struggle with the market. >> yeah, mike, where do you stand? do you think that september's volatility or what would have been the volatility in september was just pushed out to october? >> well, i mean, it is true that september and october have often seen above average volatility. if you take a look at the s&p options market, that is showing the vix index right now, it is based on spx options prices.

where you see the biggest bump is the second week of november. so, you see about a 20% increase in implied volatility between the november -- the earliest expiration prior to the election and the first one there after. it seems like the options market at least, if it is expecting volatility is really targeting the election more than the month of october right now. >> what do you, though, think, mike, for between now and that week that the options market is targeting? >> yeah, i mean, i actually think october is probably where you want to be making your bets. a couple of reasons for that. first of all, i don't think all of the economic data has been all that spectacular, though you shouldn't be fighting central banks, certainly not all of them at once. which is essentially what you would be doing if you're pressing shorts into this market right here. but i will say that one of the things about the election is that we're probably going to get better visibility on the potential outcome of that election before the actual election day comes. so, for everybody to just wait

until the actual results come out, and then waiting for the big surprise thereafter, i have a feeling we're going to start getting better visibility as the day approaches and so i actually kind of agree with steve here that actually late october could potentially be a spot for greater volatility than earlier november. >> you could see the fed counter to what the consensus is actually stay away from november. because everyone thinks, oh, it is going to happen a couple of days after the election. past performance is indicative of future, we don't know who the president is. what happened a couple of days later, we may need a week to figure out who the president is. maybe the fed wants to stay away -- >> i hope not. >> i know. >> it could happen. >> doesn't sound good for markets. >> the options market is ripe in terms of volatility forecast. >> but i don't think people be with shocked if it did take a day or two to count and recount. so maybe the fed stays away from november. maybe that's why they front loaded in september. maybe they stay away from november, and maybe they go in

december again because even though they're not political, you could be political if they're still counting. >> can we take one moment to pause and think about if we did not know who the president was going to be the day after election day or maybe even -- >> it happened before. >> sure it has happened before. but in this political environment, we don't get political on this show. >> just facts. >> but that would be a disastrous backdrop for the markets, i would think. >> yes. i don't know if you're waiting for somebody to jump in. >> i agree. i think that, you know, we're not really very confident with the level of uncertainty that that would pose. and i think it is even trickier when you have economic policies that are as murky as both sides are showing. again, not being political. and so i think looking forward the best thing that i could expect is having better clarity. you know, i think everyone is a little bit cagey because the polling was so wrong the last two elections that i think everyone is a little bit nervous

to be able to rely on it either side. >> look, there is no question we would have a tough ride for equity markets during that period of uncertainty. we also know that on some level the markets have looked past who might be the next administration in power, as long as you have at least some status quo in terms of balance in both sides of congress. so i, you know, ultimately, i get back to where markets will have come from going into that period. we're up almost 13% from that intraday low of august 5th. we're in a very different place. and if we get the kind of -- i would just call it status quo in terms of the economic data. if this payroll number would get next friday shows anywhere from 100 to 150 to 200 in terms of job growth, i think we're at a great spot for equities. i think right now, even though earnings profile for 24 is still expected to get almost 12% earnings growth, still some questions about that. right now, if you look at what the market is doing, we're getting breadth, we're getting it into places like small caps, we're getting it in terms of

outperformance and equal weighted, getting it in terms of the industrial complex. and a recovery in the sense that some of these consumer discretionaries, again, i didn't think were going to do so well. so, i hate to think about our country in a place where we can't figure out who is the president. i think from a markets perspective, if we go into that period, with the kind of run we had, it is going to be equally even worse. >> the highs of the year yet to come, you think? >> yes. i do. i do think -- i think both, again, i won't spend a lot of time talking about seasonality. i will look at the rest of the world, turning out to be just okay. europe hit all time highs this week. japan up 7%. dynamic, not just china, that is throwing a lot of stimulus at things and in a world where inflation has largely peaked for the cycle, if you don't have deflation and we don't have a growth scare, that's why next friday's payroll number is huge. >> stifel expects the inflation report to intensify division among policymakers. lindsey is behind that call.

great to have you with us. >> thank you for having me. >> we were so ready and i say we, just as a consensus view, to sort of celebrate the fact and sticking the landing, any metaphor you want, where do you stand? you sound like you're the jury is still out for you? >> i think it is still out. the data suggests we're not there yet. the fed has shifted its focus from inflation to more balanced position concerned about the cooling and the labor market. but with this morning's inflation number, sure, if showing improvement on the headline but a lack of improvement on the core actually reversing course and pushing higher, i think it is very clear that the fed's focus on inflation needs to remain and that their goal of reinstating price stability is far from a foregone conclusion. at this point, there is still more ground to cover before the fed can drop that mission accomplished banner. >> so, lindsey, when you look back, i understand where you're coming from in your view, but when you look back on where the fed is, does that 50 basis point

cut make you think that they think they're super late? what was the reason for it then? >> no, i think the fed wanted to come out with a strong start indicating a growing concern or growing focus on the weakness the labor market. essentially signaling to the marketplace they're aware, they're acknowledging the cooling in conditions. of that 50 basis point cut, the rhetoric was very clear that the fed is in no rush to cut rates. and that 50 basis points should not be seen as the new pathway forward. and furthermore, that they're not on a predetermined path, suggesting a consideration but not a commitment to rate cuts at every subsequent meeting from here on out. >> lindsey, tim, thank you for joining us. going back to backward looking gdp number, but a number yesterday showed us rising incomes were better than people thought, a bit of a wealth effect. i said earlier, i've been surprised at some of the resilience and some of the discretionary. give us your thoughts on the consumer here. >> i think the consumer

continues to prove resilience. now, early on there was a lot of concerns that with fiscal stimulus ending, the consumer was poised to fall off a cliff. but what we have seen is a number of other factors stepping in to supplement these positive consuming behaviors. everything from improvement in wage growth to 401(k) tapping to credit card balances. and don't forget, higher interest rates while they punish borrowers that resulted in a significant increase in earnings interest for consumers. there are a number of different factors that continue to play here, suggesting that the consumer still has a good amount of spending and borrowing power as we look out to the end of the year. and as we turn the page into 2025. >> lindsey, great to have you. thank you for your time. >> thank you. >> mike khouw, tim predicted that we will not -- we will see the highs of the year to come for the markets. do you believe that? because if the jury is out, maybe that's sort of a hard thing to endorse. >> well, i think it is important

to recognize that even if we do think that there is some recessionary pressures, even if we believe that consumers could potentially fall under some pressure because they have lower savings, higher credit balances, dipping into 401(k)s by the way, that isn't particularly reassuring and she just mentioned that. i don't know that that's really a sustainable way for consumers to support their spending habits. but we are going into a strong portion of the year. and if -- let's say for the sake of argument that trump got elected in november, we remember what happened the last time he was in 2016. we got a quick 10% rally in the s&p. and something like that could happen again and if it did, that would drive us to fresh all time highs. >> all right. meantime, labor, woulder worke gearing up for a strike for the first time since 1977. it could disrupt the u.s. supply chain in pharma, food and retail. nearly half of u.s. imports are expected to be affected.

one of our traders has a way to hedge against the strike. you wrote about the strike, and then it got you thinking about what, steve? >> what is the work around? how are people going to work around if they can't -- if the port isn't open, so you want to go with railroad companies, freight companies, air, intermodal, everything, all of the above. so, when i look at night swift, the chart was already building, if you look at the other companies, it wasn't building. so this was fundamental before the strike even happened. is it going to be a make or break time for them? i'm not sure. but i think that you could play this as a bunch of different ways. i chose this stock and if i would have asked you when the port strike in california, how long that lasted, i would have been dead wrong, i thought it was a couple of months -- couple of months long. i thought these things usually resolved themselves pretty quickly. that strike took a year to resolve itself. there is a chance you could have these names run for longer than you would think.

>> it is fascinating to think about what disruption could mean, what it could mean in terms of temporary or maybe medium term inflationary pressures. just drop that into the fedex numbers we got or ten days ago, which were awful and gave you some sense that the shipping business both in terms of pricing power and what they're seeing in terms of the strength behind demand is something that is actually in question. it is a fascinating time. it is a time when between weather disruptions and strike disruptions and then we look around the world to things that are going on geopolitically, there are these distractions for markets. i think this is something that keeps a lot of investors and a lot of cash and dancing near the door on a lot of trades. >> a lot of goods for the holiday season. they're already in, where they need to be in terms of warehouses. but still there are some other things that aren't ordered way in advance. and you might end up seeing surcharges because of the work arounds. >> yeah, i think absolutely on the agricultural side that will be problematic. you can expect on the pharmaceutical side, that's a place where pricing is up for

debate. what i think this is positive for is we're in probably one of the worst trucki ing environmen we have been in in a long time. they could see this as an opportunity to do better, intermodal for sure, jb hunt could be interesting to look at for that. but i think that the real question is just how long it is going to take to resolve it. i live in los angeles, and seeing the ports shut down, the way they were, and the backlog of ships out in the ocean, it is really problematic. >> yeah, we're showing a graphic, examples of companies most affected. walmart, ikea, and samsung were a few of the ones up there. >> well, yeah, the companies that have the biggest portion of imports coming into the country, of course, they're going to see disproportionate effects from something like this. we already have gone through problems in the logistics and the supply chain in the past. we don't want to see that again. so, my hope is that we're going to see a quick resolution. i know the administration has said they were not going to

interfere at this point or step in. my guess is, though, that if there is some threat that it isn't handled very well. they probably will step in. and i think that they might actually help facilitate some kind of resolution if that happens. >> all right, coming up. bristol-myers higher, what it could mean for the stock long-term next. it has been a september to remember for tesla. but can q3 delivery numbers keep the red hot rally going? we'll debate all that right after this.

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witelcome back to "fast money." bristle myers squibb up today after approval of a schizophrenia drug. this would be the first treatment of its kind to hit the market in decades. angelica peeples has more. it is expected to be a block buster. >> that's right. this approval marks the first new class of schizophrenia drugs in 30 years. clinicians telling me they're excited about this drug because

it promises a new way to relieve symptoms and doesn't come with the off putting side effects that the older ones do, things like weight gain and tremors. bri they're spending $14 billion to get their hands on it. they plan to start shipping the drug next month, but broad insurance coverage not expected to kick in until later next year. it could take a while to judge just how this launch is going. jpmorgan predicting that novo nordisk third quarter sales will come up short of estimates. analysts making this call based on a slower supply ramp and lower u.s. net prices for wegovy. they see ozempic sales coming in lower than the street's expectations. but jpmorgan seeing any potential weakness as a buying opportunity ahead of catalysts later this year. >> another story in the weight loss space, canter initiating amgen. they're developing a drug but not at the forefront for now.

and net they're saying that could actually be the reason for amgen to see pnl growth. >> earlier this year, amgen said they are encouraged by the results that they have seen and they're moving that program forward. but we still haven't seen the data, so everyone is really focused on that and hoping to see more results by the end of this year. but this is definitely a name to watch in the space. >> angelica, thank you. mike khouw? >> on the bristol side, we saw a lot of bullish activity. about 4.5 times the average daily call volume and the jan 50s and march 51 strike calls seeing the most activity, both traded about 8,000 contracts a piece. there is some belief in the options market that the spike we saw today -- the move upwards we

saw could continue over the course of the next several months. >> it is interesting, if you are to believe jpmorgan and wells and their predictions about prescriptions being lower than expected for weight loss for both lilly and novo, then there is a slowdown in demand for this space and you wonder what is behind that. >> i think it is still the challenges with understanding the payer market and who is going to be really responsible for paying for these drugs, what kind of applications they're going to have. are we going to get something not an injectable. i think there is a little bit of uncertain sy aroty around that. we can recognize obesity is a heavyweight and burden on our medical system and everyone recognizes this is a place where there is just going to be a lot of demand, but i think it is like a.i. people try to understand how to incorporate it into their thinking. >> there is some belief that novo shares might be capped from here because we are expecting a readout of late stage trial data

which is expected to have more weight loss than wegovy. and that could be a game changer. waiting for the results. >> the market is higher and higher. you have a case where not only is the valuation higher and higher, but investors more broadly say here is a great day for bristol, a chart, that a lot of chart folks would look at and say reverse head and shoulders. bullish here after a two-year period of underperformance and evaluation that makes a lot of sense. people talk about the lp land, they talk about the schizophrenia market. there could be room for four or five, $5 billion plus drugs. that's the dynamic here in pharma. i kind of like the underperformers here. i think the valuations give you confidence. >> i think people got so used to rushing in to lilly and the main names for glp-1s.

but you look at bristols, people say, i missed the boat on that, let me roll up here, because bristol was $80 a year ago. whatever the number was. it is falling off the cliff. but to julie's point, people are waiting for an oral version of glps. maybe the side effects have pushed people off. maybe they go back to the gib. >> you are, obviously. >> thank you, tim. >> more "fast money" to come. very awkward. here's what's coming up next. >> tesla is putting pedal to the metal this week and wracking up electric gains. with pivotal delivery numbers and hotly anticipated taxi reveal in the headlights, can they keep this going? a clean energy name putting up powerful gains. why one top analyst is betting on ge vernova. you're watching "fast money" live from the nasdaq market site in times square. we're back after this. in 7 days, to imt

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work with principal so we can help you with a plan that's right for him. let our expertise round out yours. welcome back to "fast money." tesla showing some sparks of life, surging nearly 10% this week and far outpacing the rest of the mag 7 stocks. the stock is up 21% in

september, the best since june of last year and gains come ahead of q3 delivery numbers nextthe highly anticipated robotaxi deal coming a week later. infamous or famous holly index, you drive one, what are your thoughts on the stock's move here? >> well, she drives one. i don't drive one. she drives one. sometimes i drive it, i guess. we had a couple of them at the end of last year. we have one now. this is always one of the busiest options around. it was the second most active in terms of call volume today behind a perennial front-runner, nvidia. it is a higher dollar stock price. so the difference in the contract quantity between the two is not as big as it might first appear. it traded 1.5 million call contracts versus a million on average per day. to think about how big an increase that is, 400,000 plus contracts over the average daily volume, the third place name is

amazon, and that only traded about 440,000 in total. so, you know, when you see this uptick, it is meaningful. options traders are playing basically in tesla and in nvidia exclusively. >> analysts are getting more bullish going into the delivery numbers. wedbush saying they see upside to consensus numbers and china is going to be a positive driver for demand. there is favorable financing and leasing terms there. that could help it boost sales. >> there has been upgrades. the china news this week, with all the other china news, but tesla and china coming through. they got this 1.99% six-year financing which has to be supporting. the bears will say, what happens without that. and also have seen some pretty clear divergence between buy side and sell side on this. buy side is more pessimistic. let's see where we go. >> if you look at rivian, the inverse of tesla's charts. tesla is moving on china,

robotaxi. the whisper number is higher than the street's number. usually is. but if they believe that number out, people are still going to be scrambling to chase this one. >> meaning in a good way? >> to the upside. and, remember, gm scrapped their robotaxi plans. so, realistically, it is waymo and it is tesla. and if tesla could keep that momentum going, we waited this long, if it is an exciting reveal, then the stock can go higher. >> coming up, ge vernova powers up. we sit down with one analyst who says there is more gains to come. that's next. check out japan's red hot rally. one of the four charts of the week. find out why the ambassador says it is the best market in the world outside of china. missed a moment of fast? catch us anytime on the go. follow the "fast money" podcast. we're back right after this. but without investment,

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13 is 1 131 points. it was the fund's second best week on record. the move coming after the chinese central bank announced stimulus measures. that news helping win in las vegas sands, surging more than 20% due to their exposure. we're tracking the latest developments as hurricane helene makes its way across the southeastern united states. the storm a tropical depression. has claimed at least 35 lives across four states, leaving more than 4 million homes and businesses without power. what a story there. where do you want to trade here? the casinos, you were excited about them and now what? >> i'm pretty pumped on the casinos. again, i think since pre-covid, they have traded and they have been discounted relative to what have been historical valuations. i understand macao is a place

for growth. it doesn't mean macao starts booming overnight. you can understand why they were discounted. i'm pretty pumped, i think the luxury trade this week was also the part of it. one thing to look at k webb and the chinese internet names. look at lvmh, estee lauder, they were waiting for good news about the potential of the chinese consumer and i think in the case of some of them, we were oversold. >> moving on here, ge vernova up a whopping 90% and spinning off in the former general electric in late march. it surged 45% in q3 alone. the second best performer in the s&p this quarter as power demands for a.i. and data centers soar. the stock initiated by a slew of wall street firms with analysts putting a buy rating on the stock. our next guest is among them and thinks there is more upside from here. julian from jeffries covering power, utilities and clean energy. great to have you with us.

i believe in your note you said it is decisively your top pick. putting it very simply, power demand goes up and vernova benefits period? >> yeah. they're selling the picks and shovels. we have a gold rush going on and they're the best positioned globally here. really just starts and ends there, right? you got wind, you got gas service, everything you need, electrification equipment, transformers, et cetera. you got it, they have it. they want it. they'll price up on it. margins are heading higher, across the board. >> we have been hearing recently about a lot of nuclear deals being inked and a lot of data center operators want the cleanest clean power. mad gas is cleaner though. are they at a disadvantage a little bit because they're not going to gain as much when nuclear reactors get restarted? >> look, i think that's a very

frankly limited opportunity. we're really not going to see a lot of that in the near term. we need dependable gas power here in the near term to complement intermittent renewables. i'm not saying it is one or the other. all of the above strategy. in the near term, that's where orders surge because of the gas business. you look at top line revenues, we think it is double digit half year kegger. that includes wind business and their gas business. they can win clean, they can win dirty, all of the above. what that means is ebitda is we're 11% above street on 26 here. we see ebitda margins trending to the mid-teens, guiding 10%. this is one of the clearest stocks we have covered in a while. we're way above management guidance. it is incredible how conservative they were out of the gates. we think they take up their guidance expectations on december 10th and couple that way meaningful buyback and

dividend announcement. this company stepped out of the gates defensive. it is going to close the year being one of the most offe offensively positioned companies you can cover. >> i'm curious what are your thoughts in terms of what the mix is going to look like because so much of the data center is base load power they need. are they going to keep this business the way they are or more a function of regulation? >> look, actually what is interesting is you're seeing some of the biggest orders enabled by states stepping in, seeing a lack of power investment. i think you've seen real underinvesting in gas in the last decade, seeing states like texas put in the biggest orders we have seen in the history of power. that happened in the last couple of months here. we think the state legislature will double down on that again. couple that with ohio and pennsylvania, looking at doing similar things. i think that's the real narrative here, the world is going to pivot back toward gas to a certain extent. i want to emphasize they win on both. the gas narrative stays here for the time being. one other point you keep putting your finger on here is this idea is gas temporary and transient.

that's why you're not seeing a meaningful expansion of manufacturing capacity. that helps constrain, create much more of a backlog business than you could ever see with this kind of a business before. you're going to see that all the way out to 2030 and that's where the pricing power and inflation is really playing itself out. we're up at least 20% year over year on the cost, how much of that is according to margins, we shall see. the parts business, that's the real secret sauce here. i'll leave it there. >> what a story. thank you for joining us. hope to see you soon. this is not an name we talk about too often because it is relatively new. vernova existed since april. >> the tag line is they can win clean, they can win dirty. >> wow. >> it is probably too early to worry about multiples on this. he sounds very convicted on this

name. and they are tripping over themselves. this is in the beginning of the story, so it is easy to be very excited about it. but no one saw it coming. so, it is -- and what do we always talk about on this desk, power supply, we talk about a.i., we talk about crypto, mining. so there is a backlog as we showed up on that screen of reasons to be bullish in this area. >> right, he mentioned also the possibility of stock buyback, of dividend. when they first spun off, the analyst estimate for free cash flow was a billion dollars. it now stands at 1.8. in a matter of months, that changed dramatically. imagine as a shareholder, not home h only have you got this great return. >> both things are obviously going to create some stability underneath the share price if you see increases in buybacks. it is not that surprising. he was referencing both pennsylvania and texas. those are states that have something in common. and that is that both of them

are natural gas producing states. so, of course, you know, it is interesting because gas generation, first of all, it is easier to turn it on and off and quicker to build those facilities. i agree with you, i think to a degree, we are going to see a bit of a pivot toward nuclear. i also have a feeling that people are probably underestimating the renewable side as well. nuclear was definitely the solution that we probably should have been pursuing more aggressively in the '70s, '80s, and '90s and got turned against itself with a couple of bad incidents. i think we're going to see more on the renewables side as well. for those that are trying to look at more sustainable sources of energy. >> it sounds like there is some catalysts to this december investor event where the ceo is out there giving new -- talking about different segments here. in terms of power and electrification, they will probably -- this is what julian said, get more aggressive in their outlook and they'll talk about the potential of capital markets and where they could be adding value there as well. >> coming up, a big week for

stocks and traders have the four charts that stood out to them over the last few days. the names and spaces they're watching next. can nike swoosh continue the sneaker stock with some pep in its step the last few months. but still trying to recoup losses from the last earnings report. the options action on that name.

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welcome back to "fast money." it is friday. and you know what that means. we got a chart of the week for you. and this week we have four. each of our traders brought their very own pick. so, tim, we'll kick it off. >> japan. we know it is the china week, but japan was quietly up 7.2% friday to friday. and to this close. and now up almost 28% off that intraday low on august 5th where we know the bank of japan stepped in and became a little bit more hawkish. i think the global risk appetite, this is part of that story. think about the normalization of the japanese market, global markets here, that's pretty exciting if you're a u.s. investor. i run an international etf. i'm excited about japan. there is more opportunity here. >> what does that chart show us? >> that's the move off the lows. so that 27% move, that's the intraday low on august 5th and the 7.2% is the week over week

move. you can see japan is still below its all time highs and that's what the currency having already strengthened, which people thought would be a big negative. >> bitcoin is struggled for the last couple of weeks. we knew we where former president trump was, very constructive, bullish on crypto and bitcoin. we didn't know where kamala harris was. where the vp was. she has come out more constructive on it as of late. and the key question is does gary gensler get replaced. and this is sort of a lag from the biden administration, because gary gensler went with a basically enforcement method versus regulatory environment for bitcoin. bitcoiners would prefer a regulatory environment that is clear cut and everyone knows the groundwork and that's why you've seen it rally of late. >> julie, your chart. >> star surgical. this is implantable contact lenses. they're a leader here in the u.s. they have a very large business

in china. so they have been big beneficiaries this week. myopia is a bigger deal in china than in the u.s. estimated like 40% of the population has it. >> wow. interesting. i never heard that. mike khouw, what is your chart? >> yeah, i was taking a look at oil and also energy stocks. this is just a terrible performer this week. it has been a terrible performer so far this year. and actually xle, if we pull a chart of that one, essentially dead flat over the last ten years, if you can believe it. the worstperforming sector overall. i am beginning to think that to borrow from carter, so bad, maybe it is getting a little bit good, i think that the dismal forecast for crude oil demand and the energy space might be a little bit overdone here. >> julie, i have to go back to -- and ask you this quick question, why would you implant your contact lenses as opposed to getting lasik. >> this gives you a better quality of vision and had a

better acceptance rate in mainland china than lasiks. interesting to see the different dynamics globally. >> interesting. >> very interesting. coming up, nike clawing its way back from ju'sne disastrous earnings report. will the results and the new ceo make or break the stock's recovery. find out after this.

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welcome back to "fast money." nike has been heading higher in the last two months, but hasn't recouped losses since the last earnings report in june. options traders are betting next week's results can get the recovery efforts over the finish line. mike khouw,what is the action on this? >> so, a lot of options activity. right now the options market is implying one-day move of 6% and about 6.7%we did see calls sign outpacing puts and important point as we saw that ceo announcement. one of the things we saw was that the upside calls started getting a better bid and we started just recently seeing an uptick in the open interest that had been dwindling, up until we got that pop. we saw some profit taking on that. now more recently some call buying and that was the case

today. the weekly 100 strike calls that expire next week were the most active contract, about 7,000 of those trading overall. that included an institutional purchase of 3,000 of those, so they're betting on a pretty big pop for those to be profitable. >> i get what you're seeing, mike, but just thinking about, you know, you got a new ceo, you got to think the kitchen sink is in order and that will be downside for the stock. just doesn't intellectually make sense to me. >> well, i mean, certainly people are not going to be looking back on the results right now. they're going to be looking to hear what they have to say about the future. and i think that's actually one of the upsides. one of the reasons why we have seen less concern baked into these results and we're seeing more volatility baked into the ones that are coming up because they want to see whether the promises that get made on this call are delivered on the next one. >> the inflection for nike doesn't really happen until mid'25 if not later now.

elliott hill, he's a long time member of this team, and he is going to express a lot of vision, a lot of things that will be great and exciting and back to the future as we said. but there is no reason why he has to be over ebullient here. it is not like they're seeing it. >> i think it is too much competition. too much competition from smaller companies that can actually really combat nike where they couldn't 20 years ago. it is so easy, we talked about this with instagram, with social media, to have a smaller shoe company actually gain some momentum. so, if you look at dekkers or under armour, which is outperforming nike, everyone is outperforming nike, i get the whole thing with the ceo, but this is the same culture we have been there. don't we want it to break the mold, have something that started from the ground up, have a real new nike? it doesn't feel like we have a

new nike at this point. and i think these smaller brands are taking share and they'll continue to do so. >> julie, your quick take on nike's earnings. >> i agree with steve. i think the -- what is the biggest challenge is how much easier it is to market to customers and the brand doesn't have the same meaning. i do think they can figure it out. they are so large. it is hard to foetha unext, final trades.

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friday final trade time. julie. >> the pipeline of drugs to get approved keeps going up and bibio

s biosimulation software should be the beneficiary. >> mike? >> lulu. >> tim? >> who are you pulling for tomorrow? >> bama. >> bama by one. georgia by one. next era, all the way. >> steve? f, i'll finish where i started of night swift , have a great "mad money" with jim cramer starts right now. my mission is simple, to make you money. i am here to level the playing field for all investors. there is 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. i'm just helping you make some money. my job is not just to entertain, but to teach you. so come call me at 1-800-773- there is a gaping hole in the american education system, although