were able to get into some of these more adult-oriented experiences, something that roblox shouldn't be allowed to happen. >> scary stuff. steve, thank you. >> all right, we're going to continue to monitor that story. we did have a rebound here in the major averages. and that's going to do it for us here at "overtime." >> "fast money" starts now. live from the nasdaq market site in the heart of new york city's times square, this is "fast money." we are back. here's what's on tap tonight. in the chips. shares of nvidia up over 6% to start the week. and surging nearly 30% from the last 30 days. the move outpacing the rest of the a.i. names. can you still ride this rebound? we'll debate that. plus, hurricane hilton closing in on the west coast of florida. how much damage will this once in a lifetime storm inflict on residents there? we've got a live report. and later, china's surge losing steam. is the beijing boom over?

inside gm's analyst day. and a look under the trading hood over at robinhood. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- steve grasso, karen finerman, courtney garcia, and guy adami. china etfs pulling back in a big way. nvidia closing back on record highs and reigniting expectations for the a.i. trade. the chip maker's 4% gain today coming after foxconn announced plans to build the world's largest super chip factory. but the stock has been steadily rising over the last month, up nearly 30% in that period, far outperforming its mag seven peers. so, were concerns over the end of nvidia's run greatly exaggerated, guy? >> good to be back here in -- >> new york city. >> where are we? we had fun yesterday. >> back in ec. >> when the stock -- going back toi to nvidia, when the stock was down 35% on september i believe

it was -- excuse me, august 5th, a lot of people looked at it, said maybe the stock had seen its better days. steve will talk about this, but technically, this pennant formation it's been in for quite some time has finally been broken, and appears it's broken to the upside. with that said, now it's going to recapture that 140 level. we report earnings on the 14th of november, so, you have some time, but the bulls have acquitted themselves well. now it needs to close above that high. >> there are comments saying that demand for blackwell is higher than they thought. so, that's positive. jensen huang saying demand for blackwell is insane. >> yeah, that word stood out. he's created -- not monopoly, but a very strong number one position in chips, and the second is, managing the stock. which he's just extraordinary at, i think. so, we're not going -- as you said, late november, i think, we're going to see earnings from

them, but i think, you know, all this money going in, we have openai, just money just pouring into the space, and where does that money go once it gets into the space? you got to buy chips. or, maybe, you can make your own. we saw last week's ipo -- >> right. >> so -- is it -- cerebreus, that's what it is. so, it's taken awhile. it did touch 140. i don't know, maybe it gets back there, but i have to look at selling some upside calls. >> 140, it hit on june 20th. >> seriously? >> record high and closed on lows. so, that was a day worth noting in the record books. so to speak. >> pay attention, cheape est thg you can do.

and the same thing we saw on march 8th, if you remember. the stock made an all-time high, an agengulfing pattern. steve and courtney can talk about this, this is when it needs to prove itself in terms of the upside. but as i said, november 14th-ish for earnings, you have runway. >> i've been a little less steadfast on this last run. i thought it was going to get down to below the 110 level. i thought that's where it had support, it did. but when you look at the other chip companies, they don't really have the explosiveness, to karen's point. it's a monopoly. 70% to 95%. it's, you know, not a true, true monopoly, but it's pretty damn close. >> very good moat. put it that way. >> and when jensen says the need and the want for their chips is outsized -- guy, remember the doj inquiry in this stock, it was a couple weeks ago.

then what was the other thing, they can't make enough chips. then there was another headwind that these chips are too sophisticated, that no one needs that kind of chip. so, we keep going this roller coaster. at the end of the day, we wind up with the same thing, that nvidia is the only player in the space until further notice. >> it's the only player in that it's the only player we know will get the dollars. all the money being spent on a.i., we know that it's going to be spent on chips in some way, in terms of the other spend, we don't know if it comes and goes, based on monetization, but this is the one name that's been able to gain on this a.i. story. >> and i think really what's going to be crucial to them is that blackwell chip. it's going to be expected to have in the billions of revenue, in 2025, right? so, the idea is, when we're still looking out to next year, if demand is going to outstrip supply, which it is expected to be so, especially after getting good news from foxconn, the demand is still there, it is a positive for them.

i think it's going to continue to be. when you look at the market moves today, you're seeing that risk on trade is still there. people are not just getting out of this a.i. or this tech trade right now, even with valuations higher. i mean, you're going to continue to see some of that money go in. i don't think the story is ending there. >> compared to the other a.i.-adjacent names, nvidia has don better. the other names have not caught up. >> it's actually scary. it actually -- you are starting to scare me, six minutes into the show. that's exactly what i was about to say. this is what i will say. there are three names that we all talk about. look at micron. had the huge move after earnings, traded up to $115. look at it since, back down to $102, no bounce. and the trend has not been good now. look at dell. same type of thing. roundtripped the entire move from last fall. bounced a little bit, not great. and look at today. save the best for last. look at the move in supermicro today. opened on the highs, closed on the lows. that stock has been awful for

quite some time. at some point, where there's smoke, there's fire, but right now, it's nvidia's world. >> you touched on dell. reasonably sized position in dell. it's different, it's certainly related and correlated to nvidia, but it's -- you know, it trades at 15 times, 15, 16 times. it's, you know, there's a hardware, right, element to it and some software. i sort of think it's well positioned. it did have that ridiculous run from about 85 to 180, which was just way too high. we'll see. late november, we'll see how they're doing, but i think it's going to be a good quarter. >> also, though, if this is a market call, as well, right? so, if we think that the market -- i don't think that the market can turn around and head lower and not take nvidia with it, or vice versa, right? so, nvidia is the market, the market is nvidia. so, you have to believe that the market is okay at these levels. >> i guess -- i guess i'm asking, and i think a lot of people are wondering, if -- what

happens to the a.i.-adjacent names, the other a.i. players, as people are searching for alternatives to nvidia. if the market goes higher and nvidia goes higher, that's a fair argument. what happens to the other ones? do they continue to fall by the wayside? i don't know. >> if you look at -- well -- go ahead. >> really quick. guy brought up micron. micron is a great play. the more a.i. you need, the more storage you're going to need. so, that's why the stock took off. but the stock is also down 20% in the last three months. so, these are where nvidia seems to be bulletproof, the adjacent names seem to be taking all of the hits when the market sells off. >> so, i think -- if the capacity expands, such that the pricing frenzy can actually be moderated somewhat, that's probably not so great for nvidia, but you could see it as -- because the and in is still there, that the adjacent names could do well, like a dell. and one other thing about dell,

the pc refresh, and they would be the beneficiary of that, unrelated to nvidia. >> what is your guess on this one? >> yeah, when you look at nvidia, i think what's kind of interesting, i don't want to get lost in this, we're talking about what's happening today, but if you look over the last three months here, nvidia has significantly underperformed the most boring stocks out there, like utilities, because rates are coming down and you're seeing the cyclical stocks do well. i don't think it's over. i don't think nvidia is going anywhere, but i think there are a lot of opportunities in this trade. that's something you don't want to get lost in there. >> some of this is just how many investment dollars are there to go around. and if you think about what happened to software and the whole software segment, when all these a.i. stocks did extraordinarily well, they were s sort of left by the wayside. the investment dollars and capex dollars weren't going there. and to a certain extent, you might be seeing it in these a.i.

adjacent names. >> we're talking about -- we're going to talk about china and the fizzling of the rally that we've seen on the first day of trading there, but these are sortover of like two sides to o coin. we saw money come out, i don't know if it was a qucoincidence, but you saw money come out of mag seven names, a lot of money going into china, and we saw that reverse today. >> right. seemed to be a very clear, direct reversal. i don't know if every mag seven was up, but a very strong day there. i think -- are we getting to china now, are we going -- >> we're going to get to china now, but do you think, if this rotation continues out of china, that's enough to help the mag seven names? >> yes. >> yes? >> that's my vote. doing a head count? karen, you're up. >> well, i think china will rebound. so no. i'm in both. let's talk china now. the hang seng plunging more than 9% overnight, after china failed

to announce any major stimulus plans on the first day of trading after a week-long holiday. our next guest thinks retail investors should completely avoid china. john result utledge, great to s. you think the whole thing was a head fake? you don't believe the stimulus will have any effect? >> ah -- no. they're trying to hit their 5% growth target. they're not going to make it. they have terrible real estate problems. pai pay offers are going down. home prices fell 5%. biggest number since 2015. they have to find a way to stop that real estate deflation, and without that, all they can do is small moves from the central bank, you know, half a point on the interest rates and a tiny move in the reserve requirement. and they're throwing half a trillion dollars -- half a trillion rmb, which is like $30 billion, at the problem. just not enough, and investor,

to me, is someone who is hanging in for the free cash flow stream, not for the moment. and so, that free cash flow stream requires you to own something for more than a year. more than a year means you're only going to get the dividend in the next year. the rest are hopes and prayers. i think that as long as xi jinping is running the place, he will keep teasing investors, with bring your money, and then he'll do something to drive them away again. and they're doing that right now. >> what do you think is the hardest part about the real estate market to fix and the thing that maybe is the most misunderstood by western investors? i'm wondering, because you think about, for instance, the ghost cities in china, and a lot of those apartments were paid for in all cash by average people who were looking to invest. they're empty. they're still empty. there's no infrastructure around these apartment complexes. but what can be done to make people feel like that investment has paid off, or is gaining in value? it's just an asset that's sitting out there that can't be

liquidated. >> it's a great question, melissa. their wallets are empty, too, their bank accounts. so, there's nobody out there to buy them. in the announcements they made week before last, the central bank announced they were going to do something to allow first-time home buyers to have a lower down payment, 15%. they were doing something to local governments to help people buy houses, first-time home buyers, but those are tiny things in the market that's vastly overbuilt. and those apartments are not going togo away. so, when you build an economy on real estate inflation, it takes a long time to unwind it. during that time, i don't want to own chinese stocks, partly because of that, but mostly because xi jinping can wake up in a bad attitude one warning and take it all away from you by picking up the phone. that's not a place i want money. >> so, john, with that backdrop, what are the likelihood of something bad happening with the philippines, which has been in the news recently, and/or taiwan, which is clearly been in

the news for the last three years. >> well, guy, you know, taiwan's the big question. nobody knows the answer. but xi jinping wants to get that done while he's still alive, and he's an old guy, so you he doesn't have too long to make it work out. there's discomfort inside the party among the older members of the party for that. and the military is not really very tightly organized at the moment, we can see that from the people that they've pulled out of key positions. so, they're not in a spot where they can do that. the philippines, they can make a lot of trouble there and all over the south china sea, and there's not much we can do about it, because we're stretched between ukraine and israel, and we're not paying much attention to what china's doing out there. >> john, what we saw today also was sort of china's response to increasing tariffs, being put on their products around the world. we saw them put retaliatory tariffs on brandy, for instance, out of europe, in response to europe's taxation of evs. how far along does this go, and

how do you see this playing out next year, after the elections? because both -- either administration looks to have sort of a very tough view on china. >> absolutely. you know, the economist has put out estimates of the amount of tariffs you get from these two candidates, and they're both really big. trump's are even bigger. and they put a real dent in trade. to that extent, they put a little bit of upward pressure on prices here. but they also reduce growth there. and so, i think that tariffs are going to be in the news big between now and november 5th, but after that, they're going to recede a little bit, because the political payout is much lower after that, but trade with china is going to be tough. and the tech trade, especially, because the more we worry about national security, the less we're willing to sell them the fancy chips that you were talking about. >> john, great to speak with you, thank you. >> great to see you, melissa. >> john rutledge.

you have a toe, or half a toe -- >> i have two toes now. >> two toes now in china. you bought some more? >> i bought some more today. not -- it's a tiny bit higher, but not significantly from where i put the first toe in. i just think that -- so people got really excited, and then it pulled back, but i do think this is a much bigger change than this, where china was uninvestable for me, so, millions of people, institutions, and just -- there was no way to do it, because you didn't know what you had. this is a very different message. they don't have the same foreign direct investment they used to have, right? so, it's got to come from within, and i think that the valuations even having moved a lot are still incredibly attractive, so, i'm two toes in now. >> all right. >> if you look at the mash nations we've seen the last couple of days, this exchange was closed, this one was open, this one caught up, this one sold off -- look at alibaba. the stock went from $85 to $120,

basically, pulls off, so, if you are using that as your barometer, xi jinping really wants to be successful going into our elections. where is competition? i think he's going, to karen's point, put the pedal down as long as he possibly can. he just might run out of gas, but he's going to do whatever he can -- >> you think there will be more stimulus to come? >> i think there's going to be more. i don't think anyone opens up with their best offer first in any country. >> i'm on the same page with you here. i think some of this pull-back here, some of this is going to be profit taking after a huge move we've seen in china. i don't think this is something that just this news would say, okay, we're going to get completely out of china now. and i think you bring up a lot of great points i agree with. as an investor, you need to realize how volatile this can be. whatever the chinese government is going to say, it is swing wildly. you shouldn't put all your money there, but as the second-largest economy in the world, you want

that opportunity. you see how quickly it can go on the upside. last couple weeks were a great reminder of that. >> i'll say this. #smooth and i were -- that's tim, by the way. isn't that a great nickname? >> it's great because you made it. >> tim said he was selling against a long position, and the levels made a lot of sense. traded up to 123 or so it should have pulled back. i didn't think it would do it today to the extent it did, but here we are. i think you still got to trade this around on the long side, and, you know, if you're looking for fxi, 32ish, prior resistance should be support and we're getting close. coming up, a financial pairs trade out of wall street. why analysts are grabbing hold of affirm. the details on that call next. and we continue to monitor the progress of hurricane milton. the latest on the storm getting stronger again, and how millions of americans are prepping ahead of landfall. don't go anywhere. "fast money" is back in two. this is "fast money" with melissa lee, right here on cnbc.

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upgrading affirm. the firm lowering its price target on amex to $230, saying the company will likely miss expectations. meanwhile, btig giving affirm a $68 price target. analysts bullish as it continues to take share from big name credit cards. specifically capital one financial and sin crony were mentioned in this note as giving up share. >> yeah, i actually thought capital one, they thought, could do -- if they were able to close the discover merger, that would be good. i thought it was a really interesting piece. axp, many times, i thought they are topped out. the high end spender spent too much, and then it ends up not being the case. this might be the case this time, but i think those -- the other part, the affirm part, is really interesting to me, and that last quarter was just so phenomenal, i got to think there they're still on an upward trajectory that's pretty strong. interestingly, i think starting tomorrow or the next day,

jpmorgan will no longer allow their cards to use affirm -- >> oh, interesting. >> yes. i believe that's right. at me if that's wrong, because -- >> who told you that? whole does it rhyme with? >> it wasn't from jamie. >> it wasn't from jamie. >> sorry to hear that. >> you and me both, yeah. >> downgraded to sell ahead of earnings on the 18th. now, ithink credit card debt in the united states is approaching $1.4 trillion, i think delinquencies are the highest levels in 13 years, north of 7%. and the rate now, the average rate is north of 23%. i mean, that's not a healthy mix. so, american express is a teflon brand, without question, but at some point, this factors into what they do. >> and that's exactly -- they said revenue growth, build business, they said, credit trends, all of those things will worsen. and that's their -- >> and they'll be -- so, to guy's point, karen's point, they're the last one to go, right? they're the last one to fall. but when you look at it, they've

outperformed mastercard, they've outperformed visa. and affirm, if you are just playing this bounce where -- where it's a pairs trade, i don't disagree, it's a good strategy, but i think it's going to be short-lived. i think axp still performs. >>. think they've been in a really good position. we talked about the high income versus the low income consumer and that high income has been better positioned. they have the really young high income consumer that stends to elevate their spending, they are willing to pay fees on credit cards. and that's been able to insulate them a lot from this. i think they've done very well this year. they are starting to get expensive. i think purely from a valuation standpoint, they are better positioned than many of them. coming up, a few stock moves catching ourtraders' attentions. and the latest on hurricane milton's path and how millions of americans are preparing for landfall. you're watching "fast money," live from the nasdaq market site in times square. we're back right after this.

welcome back. preparations and evacuations happening at a fieverish pace i

florida. nbc meteorologist angie lassman has more on the path and the power of this storm. what's the latest? >> hi, melissa. we have a cat 5 hurricane milton. this is new from the latest up update. you might remember yesterday, it was a category 5 storm, it had a little bit of weakening. now, it's moving northeast at 9 miles per hour, and it is e expected to maintain that strength as it approaches florida. landfall, a little later than we initially thought and a little farther to the south. midnight to 3:00 a.m., between tampa and fort myers. the average point in there is about sarasota. so, we'll see a category 3, maintaining major hurricane strength as it moves inland. we'll see a cat 1 by the time we get into the space coast, but still, wide range of impacts. specifically storm surge here is one of our most concerning things that we're looking for. 10 to 15 feet of storm surge, where the center of that system comes onshore is going to be

where we really focus in on the right side, the south side of where we'll see some of the worst ofthat storm surge, potentially talking about places like the sarasota area, seeing the potential for that, that's going to be one of the spots, life-threatening storm surge, needing people to evacuate is going to be something we'll see. we'll be watching for the potential for the heavy rainfall, wherever the center of that storm system comes onshore, as well. potentially 100 100-plus-mile-per-hour winds, and we're going to see the high tide times coming up into the morning hours of thursday. so, multiple impacts that we're expecting over the coming days. back to you, melissa. >> angie, thank you. angie lassman of nbc. of course, we're watching all the developments here, but in the meantime, stocks did rebound today after yesterday's decline. the dow jumping more than 100 points. the s&p up. shares of roblox dropping after

hindenburg announced a short session. shares of a airbnb up. and s&p placing boeing's rating on credit watch negative as the worker's strike goes on. cash outflow of about $10 billion for this year, and will likely need incremental funding, which could mean delusionto shareholders. >> the boeing news, about a week or so ago, you had similar news about needing to write -- shore up their balance sheet. the stock opened on the lows of the day and closed higher. made a 52-week low today. it's held in there since. so, this news has been out there. people have been waiting for this for awhile. i don't know if this becomes sort of the event where you sort of get the all-clear. now for the company, but maybe for the stock for the first time in awhile. everybody but me has been right to stay away from this thing,

but at some point, just throw up what defense stocks have done over the last six to nine months. boeing has a defense component, but the market is not rewarding at all. if they can just figure things out and sort of tread water, i think the stock's a buy here. >> you are hard on yourself, i think you've -- in your clam trade, you do have some -- >> the clam is doing good. >> i agree with boeing. we talked about the balance sheet issue happening in slow motion. equity raise is the way out, which you floated. it would be a sell the rumor, buy on the news. they're talking about $10 billion, potentially of equity. that's a big chunk. >> if they can figure it out. that's a big if. the only thing that saves this thing from not being cut in half right now, it's a big if, if they can figure it out, but there still is that support below it, because there's only one major player. other than them. >> i think one could have made that argument 100% ago. >> wait -- wait, explain me my argument again.

>> the stock was double -- >> well, we can keep getting cut in half here. >> and never get to zero, oddly. coming up, a few fast move s catching our attention today. the traders are handling the jumping in cava, instacart, and robinhood. plus, what mary barra said about gm's plans and when the business will start to turn a profit. "fast money" is back in two. missed a moment of "fast?" catch us any time on the go. follow the "fast money" podcast. we're back right after this. vice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial.

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welcome back to "fast money." big headlines out of gm's analyst day. touting its new vehicle lineup and saying more profitable days are ahead. phil lebeau joins us to break down all the action. phil? >> hey, melissa. when you look at today for general motors, really three topics got the most attention, and these are also the areas that the analysts were focused on during the q&a portion of the day. one, has gm already seen peak earnings? gm says no. it expects roughly the same earnings next year as this year, and they believe they can grow beyond that. what's the ev path to full profitability? they believe they will hit variable profitability by the

end of this year, and then full profitability not too far into the future, and finally, what's happening with restructuring operations in china? where they lost $210 million in the first half of this year. now, there's a board meeting in about a month with their joint venture partner. that's where we'll learn about potentially cutting capacity. but mary barra says some of the steps have already been taken to improve operations in china. >> we're already starting to see an uptick from a sales perspective. so, we're looking across the business, how do we right-size it, restructure it, so we have a going profitable business as we go forward. >> the other question that got a lot of attention from analysts today, general motors' push to be fully profitable when it comes to electric vehicles. they had a huge third quarter, relative to where they've been in the past with sales up more than 60%. they're still -- the guidance for this year is approximately 200,000 evs to be sold, some looked at that as hedging a

little bit on the previous guidance of 200 to 250. here's mary barra talking about the path to full profitability with evs. >> we are laying the foundation, we have several areas that we're working on to make that happen. one of them is in not only getting our battery plants scaled, but also rev raging different technologies. >> bottom line is this -- general motors believes that it has essentially set the table to do some really good things over the next six months to 18 months. the question now is execution. and when you listen to the gm executives today, when we talked with marry y barra, they believ they have set the sable to execute and deliver. and again, it comes down to these three points, are really where you saw most of the questions from the analysts. >> phil, you were at a battery plant earlier today, and they're just, you know, making them, they're going hot off the conveyor belts, and in the back, you had all these blue boxes that were stacked.

does -- >> yes. >> does each blue box, is that a battery for one vehicle, and are all those blue boxes spoken for? >> no. well, they're going to be out of there within 15 days. batteries are made and then shipped out anywhere between 15 and 20 days. there were about 5 million battery cells in there. those blue boxes are about 36 cells. let me give you a point of reference. the lyric has 248 cells in it. so, they are rapidly increasing production, and that really hits new the face when you walk into that facility, when you realize, it's only at 40% capacity, and we saw 5 million, 6 million cells, that's only half of the plant. so, they've got a long ways to go and they believe this is an indication of the demand that's out there for evs. >> phil, thank you. phil lebeau from gm's analyst meeting. you believe them? >> well, believing their ev numbers has been wrong every time for the last, i don't know, six years, maybe. they did actually put a number

on variable profitability, which just means the cost of each particular car x any kind of overhead. so, the ultimate profitability. that's going to be really important, because the rest of this multiple is tiny for this very profitable i.c.e. business, and so, i mean -- i don't know, it's been too long. i haven't done a good job trading this one, so, i don't own it. >> gm really hasn't performed, ford really hasn't performed. you know what's performed out of this whole thing? guy's keeping them afloat, ferrari. race. that's been one that's just the outlandish luxury car company that's really performed. and what did gm abandon? robotaxi, they abandon -- >> i don't think they've abandoned. they have cruise. >> they have partnership with yuber. >> not such a great partnership. it's sort of like the ev goals they've had, they pulled back a lot from them, so, that benefits tesla.

so, every time you have a traditional carmaker hit a headwind when it comes to eved, it benefits tesla, and though they've had a big spike in their stock price, they haven't done anything this year, as well. all right, coming up, cava, cart, and crypto. the details behind these names. andcelebrating hispanic heritage. here is the president of americas for u.p.s. >> i was taught by my parents the importance of faith, family, and work ethic. thinking big were not even considered in the early days. i'm inspired by the next generation of hispanic, latino, and latino leaders who are driven to make a difference. there is something powerful in the rich diversity of our voices, experiences, and our stories.

quick programming note. do not miss "ozempic underworld." you can scan the qr code to watch tomorrow, an in depth look into the counterfeiting of the wildly popular weight loss drug. the whole digital doc will be available online at

cnbc.com/ozempicunderworld. >> exciting for you, missy. the second part of a great series. >> it is. >> huge thing. >> that's scary stuff, though. did you have, like, body guards and -- like, when you get into the underworld -- there's some nefarious -- >> passport. >> passport. i'll check it out. meanwhile, shares of med train unanimous fast casual chain cava hitting a new all-time high, dating back to its ipo in june of last year. shares soaring nearly 5% today. they have more than tripled already this year. courtney, what do you think of cava? >> this is something like earlier in the year, we had been optimistic on. they're really being compared to a chipotle, they have the higher income consumer, they have things with automation that's really good for them. it has had such a run, and it's going to get a little more expensive. and i do think they're going to have a lot of additional costs, especially as they're opening new stores. i think short-term, i would probably stay on the sidelines

here. let's turn to shares of instacart maple bear. the food delivery company hitting levels not seen since its ipo. shares up 90% since the start of the year. maple bear, of course, the corporate name of instacart, which you may be more familiar with, guy. >> which is problematic in and of itself. this is another tough one, i think, but when you're in the growth mode, which -- cava is, as well, people will look path valuation, as long as the growth trajectory is okay. it's when it stops things go pear shaped. to a certain extent, it happened to chipotle, on the other side of the world, like a lululemon, same thing, if the stop growing, the stocks go down on a dime. we're not there yet here. finally, robinhood named by piper sandler as one to watch. pointing to the company's active trader summit next week, where they expect big announcements.

the stock trumpjumping 10% toda. >> we're all sitting on this desk, and we had an analyst, guy remembers his name, that said this is the best way proxy to play bitcoin, and he was right. and when you look at it, it's up 100% year to date, but if you pulled back the lens, the chart is terrible. so, they've done a hell of a lot of marketing, they got a lot of funds in, they did a lot of trading, and they've been able to attract the next dollar, so, that's been great for them. >> also, when you think of robinhood, you might think of it the original day, it was very active traders, and now they have offerings for all sorts of traders, including ones that are longer term investors. >> i can't help but think of the gamification. >> it had that huge fall-off

about three, four months ago. we talked about it at the time. went a lot lower than i thought. you had to stay with the same. and i think you have to stay with it. they figured things out. a couple of years ago, i said the only thing interesting about this company is the name and the hair, a lot has changed since them. coming up, the names leading in the casino and sports betting space and how can you get in on the action. all the headlines from the global gaming expo in las vegas, that is next. and here's a sneak peek at the cramer cam. he's chatting with the ceo of generac. that's top of the hour on ad"m money." meantime, more "fast money" in two. nahhhh... (inner monologue) another destination wedding?? why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. empower. what's next. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000

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welcome back to "fast money." ceos of some of the world's largest gaming stocks convening in las vegas today for this year's global gaming expo. with names with macao exposure all in the red today as china-exposed stocks came under pressure. our contessa brewer is live from las vegas with the latest, and how golden week turned out. contessa? >> melissa, nice to talk to you. hit hard in trading in the u.s., but those stocks were hit much harder in hong kong, where sands china, mgm china,macao,

loss 10%, 11% on the day. when i asked if the stimulus in china, or the lackthereof, will effect his business, he said basically what they expect, the same customers coming back three, four times a year, he said, a bigger indicator about future success was golden week, that just ended yesterday. and it was up 20%, even over 2019 numbers, before the pandemic. >> i think it's a great indicator. look, i think the market's call 24, give or take. we've enjoyed more of our fair share going into this, we averaged in the mid teens, in terms of market share. i have great hope for 2025, and while obviously stimulus and the overall activity case of economy in china is relevant and important, i think macao is still a bit unique and we've

continued to experience, and i think it demand straited itself through golden week again. >> it's a big milestone, because it's the first time that we have seen surpassing 2019 numbers, since the pandemic happened. it's been very slow to ramp back up. he also told me, when i asked him about that broader concern over the chinese consumer and the economy, that, yeah, there's some concern, because the people who come to macao own businesses, and they are sensitive to what consumers spend. he said what they're seeing is that the industry there is very resilient, much like we've seen in las vegas, to more broad economic pressures. >> contessa, thank you. great to see you. contessa brewer in las vegas for us. guy, what do you make of these runs of late? >> a huge run. the pull-back makes sense. wynn is in a ten-year down cycle from the all-time high, i think, of 205 or something in april 2014 to where we are now. you get a close above sort of 110, and that's broken in a

meaningful way, market multiple, which sort of makes sense -- i still like it. i mean, the pullbacks have been buying opportunities. you stay with the name. >> what's interesting in terms of the sound byte that contessa played, he basically said that an improved china will help, but really -- independent story. >> yeah, maybe that explains this very muted response down $3.50 of what's a great run. it's better, for sure to have a really strong china but looks like they don't need it. >> and i think seeing some sort of china selloff on these headlines i do think is a buying opportunity, especially in light of that. i don't think as much of a risk there. but if there is a benefit in china, if that consumer comes back, it's going to be a positive. that's something to play here. >> if you go mgm, you're betting on the u.s. consumer. if you go the other way, you're betting on macao, though, to your point, you don't need the ceo -- i'm parsing my words

here, the ceo has to say that, that it's not dependent on the macao story. but i think when traders look at this, it's dependent on the macao story. so, china needs to stay together in order for these stocks to keep -- >> just the perception that it's tied up in macao and macao is tied up with china. so, the perception -- >> it's perception, it's somewhat reality, as well, quite frankly, you have to take that in consideration. it does come down to historic multiples for these names, and listen, a lot of these -- think about what happened during covid, and some of the, you know, thrashings the stocks took. they bounced back, but nowhere near where they should be. so, i think the -- the environment sets up really well for all these stocks and i think you stay with them. all right. up next, final trades. [sfx: wind, rain and rolling thunder] with the vision to see what's possible and the grit to make it happen, morgan stanley can help create the future

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welcome back to "fast money." the high cost of cocoa may impact your kids candy haul this halloween. or yours. a new report out saying ing can companies are stocking less chocolate and doubling down on gu gummies. researchers seeing double-digit increases of nonchocolate items on shelves. this is actually a thing. i mean, it's playing out with hershey's. hershey's is planning a price increase in december, after halloween, thank you, hershey. and ubs just downgraded hershey. so, it is feeling, you know, you're feeling the prices. >> it's been -- it's been going on for quite some time. cocoa is definitely off the peak, but it's nowhere near -- it's probably in that halfway

mark from where it's been recently, and up. it's around the 50% mark. i wonder with the glps, are you less sensitive to sugar than you are to chocolate, and it's a second derivative trade on that, as well? i wouldn't know, but maybe if we had somebody who did a special on it we could possibly know. >> yes. >> yes, possibly. >> and i actually thought the segment was on gummies, like, cannabis gummies, which also may be glp, sort of related. >> so many ways to go. i just meant -- innocent gummies like we have in our -- >> i know -- listen, i want people to see this -- >> we're pressed for time. >> we are ahead of the game. we've been on the haribo bandwagon forever. they should be a sponsor of cnbc's "fast money." >> looks like they are now. >> final trade time. steve? >> walmart. i've been in and out. looking again. >> karen? yes, home depot. >> courtney? >> china, i think you want to buy some of the dips here.

>> guy? >> more time than you realized. >> we were rush, rush. >> you don't have to rush. >> mosey on in. >> mets are up 1-0 in game three. >> thanks for the update. >> nasdaq, big volume since september. >> really wondering. thank you for watching "fast money." "m meywi j cmeadon" thimrar starts right now. my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. mad money starts now. hey, i'm cramer. welcome to mad money. welcome to "cramerica." my friends, i'm just trying to make you so many. my job is not just to entertain but to teach you. call me at 1-800-743-cnbc, tweet me @jimcramer. complacency?