have been granted funds from the commerce department. capital expected to be distributed by the end of the year if certain milestones are met. shares ending higher by 20%. >> yeah, it was quite a day for semiconductor stocks, seema. how does this set us up for taiwan tomorrow? >> that is the big catalyst. tomorrow the largest chip manufacturer reporting earnings -- we've heard so much bullishness from micron, jim cr cramer, does the supply picture look intact. that will be the question when tsmc reports. >> we'll be watching those results. seema mody. we've got many more tomorrow, as well, including quite a few here on "overtime." that's going to do it for us here. "fast money" begins right now.

the news hitting all the chip stocks hard. we'll break down what happens next. and united unhealthy. unhealthy. insurance company, too soon? dropping over 8% after cutting guidance. carter has called this stock god like. can it recover from this ungodly decline? plus, apple within a whisper of all time highs. time to sell tesla? i'm melissa lee. on the desk tonight -- we start off with chips getting checked in a big way today. shares of asml sinking. the move coming after the semiequipment maker said bookings came in well below expectations. we have a weak sales forecast for 2025. the news taking a toll on other chip stocks.

kla dropping double digits, nvidia sinking. the etf seeing its worst day since early september. is this the signal that yesterday marked the top in the red hot chips trade? dan, you were sort of you know, saying be cautious about this trade yesterday. >> any of these companies that are buying these high-end gpus, building out these servers, training these models, they really want to ask for forgiveness rather than permission to spend what it relates to their investors. at some point, they're going to overbuild and the orders are go to slow down. asml who helps supply these machines, semiconduct or is a 28%. you would expect revenues down 10%, fine. to guide bookings down more than 50%, it has to tell you something about what their c customers are thinking about

demand in the not so distance future. when you're buying machines, it's not like you're just plugging them in. >> they did try and make the distinction that the ai market seemed to have a lot of upside but it's the other markets that are take longer to recover. do you buy that delineation in terms of where the decline is coming from? >> cited lower than expected recovery to quote. i guess there's a glimmer of home in terms of what you can glean from that. you can say maybe the ai trade is immune. one has to ask is it a matter of time now. but that was an eye popping guide in terms of revenue. and this is a stock that's down 30 percentish. at its peak, this was probably a $350 billion company so it's something to watch. >> i think you're buying.

again, it's no surprise that there is a difference between ai demand and everything else so the ultra violent tools that they're a major player. taiwan semi and samsung are their two biggest customers. taiwan semi gave you -- we're talking about areas that would be implicated by today's warning. you know, the fact that there was a major shortage of chips. that there was a massive build. this is a cyclical side of the chips business. ai is the secular side. there's two different things going on. this is why micron is trading where it is and why i wouldn't be buying weakness in micron. there's also a little bit of this better thy neighbor thing that's going on globally. you're not going to expert chips here and the dutch have been putting export controls on asml. just like the u.s. is the top of the list. what, guy?

>> i can't say on cable television. >> i think huge, huge reaction. terrible, terrible numbers in terms of that 50% cut to consensus. no question. but you're not giving up on the semi trade. >> so on our work, which is really more quantitative, but we look at the median's pe relative to the broader market and this is across all market caps. we're not just talking about one particular name. it's been an overvalued group and it's going to take a lot of work to get that pressure relieved. we also look at earnings provisions. i think you've had a premature peak. we've been seeing the group oscillate between positive and negative territory. when we look at the trend over time, looks like you've hit the peak and are starting to enter a period of weakness here. i'm on the sidelines. >> how do you explain the tsmc? >> if 28% of asml sales come from taiwan semi, another 22% come samsung, you can do the math on a 50% bookings decline

in the quarter. it has to be something to do with it's got to be just, can't only be pcs, smartphones. servers, that sort of thing. it's got to be some other sort of chips that are related to ai. so again, maybe taiwan semi is looking at a couple of different cust customers that are really important to them. nvidia is one. at some point, i have to think we're going to get someone else that corroborates this. >> taiwan semi talked about momentum in their n3. ultimately, this is what's in iphones. we'll talk about apple later on in this block i think which went to near all time highs, but tsmc, it was good for qualcomm. not bad for apple, maybe positive. so this is where they're seeing high single digit fourth quarter growth and you can make an argument they are the most important chip company in the world on some levels. there was a reason around where

they had decent numbers and again it was around iphone launch and qualcomm and application processor for qualcomm. >> how do you impute this in terms of the spaces seeing the severe slowdown not turning around as quickly. i would think automotive for one. industrial. like a texas instruments for instance. cyprus. >> makes a lot of sense. underlying economy is probably slowing down which i think leads you to believe that what asml saw and is guiding to makes a lot of sense but ai trade on the flip side of the coin is seeing something entirely different. with all that said, if carter were here, hooe's not, if you p up a taiwan semi chart. the high on july 10th, the selloff, the subsequent move and now signs of weakness. the same signs we saw in nvidia after making an all-time high.

>> for more on what's next for the semispace and megacap tech, let's bring in dan niles. great to have you with us. how do you impute, if you do, asml's news and their guidance on the rest of the chip sector? >> well, i mean, i think you have to take a bigger picture view on that. we've been seeing this since about june where we had concerns over the revenues of the ultimate end customers. microsoft, amazon and google. all three of those companies reported their june quarters. all three of those companies have the four estimates go down. so at a certain point, this starts to back up through the food chain of they're getting their chips from somebody. those people then get that from a foundry and the foundry then gets it from they have to buy equipment. now, if you look at asml, obviously, it's not just nvidia.

nvidia as he heard from jensen long, demand is insane, supposedly, at least for now. so if you look at what happened with asml, this is not a tiny miss. they missed their orders by over 50%. 5-0. so it tells you that yes, on the margin we've got these other sectors weak, but it can't just be these other sectors because we've been cutting numbers on analog sector, the micro controller sector, for most of this year. that's already been weak. it tells you if you order a piece of asml equipment today, that's producing a chip about a year from now. so it says that somewhere along the line that all of the other stuff that's been driving this probably on the margin, is outlook is a little bit slower than what people were thinking before. it's not a disaster but when you kind of stick a ruler through something and you say well demand is insane and it's going to continue forever, which i

think a lot of people are doing, they're forgetting the fact that you have to generate revenues from all the billions of asml equipment you're buying and if it's not generating revenues, then you're thinking well, capex is up 60% for the hyper scalers this year, maybe next year, it's more like 10%. it's not a disaster, but if you're thinking it fewas going be up 40, you've got a problem. it's clearly not the non ai stuff alone that has to be doing this because that hasn't had the forecast for all of this year. >> hey, dan, i've done you for a long time. back in 2000, you made an epic call about what fewas going on under the hood of a lot of the suppliers that made that all happen. when you look at this and what's going on right now, euphoria around this trade is very unique. it's very concentrated among a couple dozen stocks in the

public markets. what would be the thing, like how many other things other than this asml would have to pile up for you to make a similar call on this whole secular shift right now? at least in the intermediate term. >> well, i mean, again, i've been sort of talking about this for a bit now. really since you know, june, july, which i think nvidia's going to be strong through this year. but when you get into the first half of next year, my belief is unless you see microsoft or amazon or google or some killer app that everybody needs to have show up that generates a ton of revenues as well as the profit picture starting to improve, i think you're going to get into the first six months of next year and you're going to go through an ai digestion phase. for the next six quarters, it's that nvidia grows 7 to 11%. for the next three to six month, do i think things are fine

there? absolutely. but i think you've seen the front of this ai trade with microsoft, google, and amazon being already weak when they reported back their june quarters. now you've seen the end of that which is asml on the other side. guide you know miss by 50% on the order books and so i think that's what people need to keep in mind. i'm sure as we go through this earnings season, nvidia's going to have another beat and raise quarter because they haven't been able to deliver the chips they wanted so people are going to say see, i told you the ai trade is fine. but don't forget, we already went through this with covid where nvidia's revenues were down 20% year-over-year after all these same customers digested their covid. then generative ai came along and revenues went from down over 20% to up over 84% the beginning of 2021. and so i think, sorry, the time

frames confused. but it went up to over 80% during covid from down 20 before covid. and i think you're going to see a same kind of digestion period as we get through to the other side of this. >> dan, sorry. i was going to say real quick for lay people, what is a warning sign when nvidia reports if any? i would imagine it would come from the form of margins. what would you look for? >> nvidia's going to be the last person to see this. so for me, i try to look after the front of the food chain so i'm going to be very, you're going to see nvidia react when google, amazon, and microsoft report. microsoft in particular to me is very interesting because if you'll remember last quarter, they missed their antzure numbe. if there's another problem there, people are not going to like it. amazon's the other one because they are the biggest of the hyper scalers. so i'm going to be watching closely what aws has to say

because that's going to be the leading indicator of a problem. nvidia, much like after that digestion following the covid b build up, people forget. they preannounced negatively. they're not going to see it because their customers on you know, the front of this, they just want to get as many chips as they can right now given the fact of chips in play. >> dan, always great to get your take. thank you for joining us. >> welcome. >> if you think nvidia hit the skids or had trouble in the first half of next year, how do you trade it now? >> i don't think you need to chase it. i think a lot of, a lot of investors that i talk to want to own it. they want it in their portfolio and those thinking in the traditional allocation approach are not thinking i have to have it all today. having said that, i need to start buying it if i don't have it now.

pullbacks are nice, but ultimately, nvidia is going to continue to believe dominant, a dominant part of the tech trade. what it comes down to is the capx spending we're going to see. those stocks may go higher as they talk about less capex and less spin on ai. those are some of the names that have reasserted themselves. look at the move in meta. they tell you it's the year of efficiency in ai spend. they've got all these things going for them and one of the few that is pointing to ai revenue base. >> apple getting within a whisper of an all time high. the tech giant rising a percent. the company announcing a new ipad mini that can be ordered now. will be available in stores next week. just an old ipad. first form factor of the ipad. >> oh, i thought you were on the leading edge.

>> usually i am. please continue, melissa. >> apple here, do you like it? >> i've been a skeptic for a while. i'd say the june 10th day when the stock closed at 196. then 193. it's been off to the races ever since. a lot of that has been on multiple expansion and the hope they've caught up on the whole ai thing. maybe they have and there's this super cycle but i will say for the 100th time, apple is expensive on almost every metric we look at. >> i would just say i think ai, dan talked about digestion. i think we're in a very messy phase with this for a while. that was the feeling we got coming out of the last reporting season. looking at something old fashioned seems refreshing now. >> coming up, we're diving into bank results. first, we've got united airlines

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welcome back to "fast money." we've got an earnings alert on united airlines. shares are lower after the company posted a top and bottom line beat. also announcing a $1.5 million buyback plan. hey, phil. >> this was a relatively strong report for the third quarter. the company did beat on the top and the bottom line. earning 3.33 a share. the street was expecting 3.17. revenue better than expected at 14.84 billion and the metrics within it, it was a mixed bag of sorts. yes, it was negative. revenue per available seat mile but that minus 1.6, it was actually better than many were expecting. premium revenue up 5%. basic economy, up 20%. you mentioned the stock buyback, be interesting to see what the street makes of this. the company had a stock buyback

in place before the pandemic. they're now doing this 1.5 billion in stock being bought back. up to 500 million this year. lots to discuss tomorrow morning in a squawk box exclusive with the ceo, but again, united beating on the top and bottom line for the third quarter. back to you. >> phil, thanks. so why isn't the stock moving higher, tim? >> because it rallied 30% in the summer. and i think it rallied along with other airlines delivering similar messages about their core businesses and possibly a margin profile. you get a 10% move lower in oil. >> $37 stock in august. look where it is now. if you look at the levels we're stalling out at, these were the same in 2021. so it's not necessarily a valuation thing or a quarter thing. it's the fact yoit's had the ru it's had. >> it's the only group in industrials that's had both positive revisions and

attractive valuations. we've been interested. i checked in with our data science guys and they track all these travel related metrics. they said it's kind of boring right now. things are pretty steady state in terms of flight searches so maybe there's still questions about the consumers, business demand, but i think they're interesting. >> boeing announcing it could raise as much as $25 billion in shares over the next three years to strengthen its balance sheet, it would also reach a credit agreement with lenders as it continues to grapple with production strike and regulatory issues. shares down more than 40% this year. they've still got a massive debt problem, but at least this gets them to live another day. >> it's interesting because it would be easy to say that the market had priced this in and this was a small relief and at least for the short time takes the credit rating agencies off the radar screen, but i'm not so sure people were thinking about the need to do a cap raise three months ago.

at least before this strike came front and center and the cash burn that we kchronicled over an over here. i think in the short run, this is a great thing. i think a little cost efficiency over there isn't a bad thing either. it's pretty clear you've got a new ceo, has the ability to do more than the old ceo, but still regulatory issues. still obviously sentiment issues but i think it's going to take something to turn this stock. >> to tie boeing into the transports, tie it into the components, uber is the largest. look at this chart. it made an all-time high about 70 bucks in 2021. it's kind of banged up against that on a few occasions. this one has been in an epic four-year base right now. again, if you are in a soft landing sort of economy that at least the stock market is pricing, maybe not today, that thing looks like it could really break out. if you look at the largest

components. >> the longer the base. >> the higher the space. >> something smart right there. >> yeah. by the way, can we have a second? lori said something interesting. she said her data science people, she was talking to them. they, who i'm sure are a bundle of laughs, they found something boring. think about that for a second. >> how boring it must be. >> for them to find it boring. the more you know. >> i think that's the only comment you have? >> pretty much. >> they're quite engaging. >> you just made fun of the entire department. >> data scientists are kind of boring. >> they said steady state. >> wow. disappointing. >> news alert on qualcomm and intel. seema? >> melissa, qualcomm to wait until the u.s. election to dtds on a takeover of intel. that's according to bloomberg quoting sources. it was reported that qualcomm was exploring a takeover of intel as the chipmaker looks to turn around its business. as to why the election could play a role, there is is

regulatory antitrust concerns with a dealof this size and judging by the department of justice's history, this would likely raise some alarm bells. shares of intel slightly up. back to you. >> thank you. what does the lack of movement tell you on the back of the story? >> pretty interesting. >> this would be interesting. you would think that the u.s. government though regardless of the administration would want intel to be taken over. >> except maybe not so much. and now, you have to wonder like who is a better candidate for this deal to actually happen? you know, my instincts suggest former president trump winning would be great for this, but then i'm saying he's not a huge fan of big tech, so maybe not so much. that's probably why the stock is trying to figure it out as well. >> we've heard every investment bank who's talked about the environment and said that the environment has been everything from predatory to not happening even though there's some demand.

so i think it's clearly a message towards this administration and what's been going on in washington. right and left, that's what we hear about. no go on m&a. >> i think in our work when we look at the election, trying to d discern what these two candidates may protect has been very, very difficult. especially on the republican side. i think it's worth noting there's just been this general paralysis on a lot of different levels that's happening because of the election. this is just another one of those. but we're reading about it a lot in earnings reports where i'm not quite sure what people are waiting for other than just to get past the event. >> i can go back 20 years, is intel going to buy qualcomm. if you look at the overlap here, it really wouldn't be one of those things that should i think raise too many alarms as far as regulators. so qualcomm seems well positioned to move into this kind of aipc age and obviously, they're very embedded in the smartphone space and the like

here. intel, we don't know where they are right now. so i think it would make a lot of sense. >> there's a lot more fast money to come. here's what's coming up next. >> a mixed bag for the big banks so far this quarter. the details on the results reported this morning and what it means for investing in the sector. and speaking of earnings. united health dropping hard after its own report. the disappointing profit forecast and how higher medical costs are weighing on that name. you're watching "fast money" live from the nasdaq market site in times square. we're back right after this.

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we've got a news alert on a d.c. agency being impacted by hurricanes. emily? >> the small business administration has now exhausted funds for its disaster loan program. it's going to have to pause any new loan offers for disaster survivors. this happens after two major hurricanes have gone through the u.s. president biden said in a statement today that speaker joh johnson has promise this and other programs will be replenished to americans should continue to apply thr these

loans and they'll continue to process applications and disburse loans. congress allocated 20 billion for fema before they left, but not for sba. at this point, congress does not seem poised to come back before november 12th. that would be a long time for businesses, homeowners and others to wait to get funding relief. >> emily, thank you. a trio of big banks beating estimates. all posting top and bottom line beats. citi falling nearly 5% as it announced an increase of 315 million. the other two names flat. why do you think that was, tim? >> citi, their history proceeds them and until we get into a new era of 2.0, i think you've got a dynamic where people will assume there's some loans on that book you don't know about. the rally in the space has been so extraordinary.

i think the bank of america earnings were more interesting. net income beat by half a billion dollars but they also talked about the rolling off of lower yielding securities in their loan books, excuse me, their earnings book and the dynamic of where they have an average blended rate of 3.62 versus 2.1 on deposit rate. that's a pretty nice spread and just tells you how the operational level. bank of america is slowly becoming more efficient on that front. >> trading was great. investment banking was great. >> 1.48% in september. up from 1.3% last september. that's not a big deal. in that world, it's actually big deal. i think it's going to continue to trend that way. we said i want i think three or four months ago and the stock traded down to it. it should trade an tangible book. there's a reason warren buffett

is selling this stock. i think it trades there. if you look at the price action today. open on the highs, closed on the lows, just like goldman sachs, that wasn't particularly good. >> we like the financials, the ban banks. i think mid banks are much more interesting from a valuation perspective. that was something i was hearing echoed from the banks analyst today. that's where the more interesting play seems to be. i look at these from a macro perspective. the economy is generally fine so that's my big takeaway. when banks do well ahead of earnings, i think we've got that going here, too. >> to lori's point, if you look at the kre, the index that tracks them, we're back at this $60 level. it's also where we broke down right before covid. it looks a lot like the bks did last week before banks started reporting. that one going back to if we're in a soft landing, you want to be exposed to regional banks.

>> don't miss a first on cnbc interview with morgan stanley's ceo at 10:00 a.m. eastern. coming up, unh dragging on the dow as the health insurance delivers a rough forecast for 2025. it's not just healthcare. lvmh sinking after its earnings report where they're seeing a big drop in demand when "fast money" returns.

welcome back. stocks pulling back from all-time highs. the dow dropping more than 300 points. s&p down .8% and nasdaq leading the losses down more than 1%. crude oil dropping another 4%. briefly trading below $70 a barrel. reports today that israel will not attack iran's crude infrastructure and may only strike military sites. shares of interactive brokers lower after hours. posting earnings miss. customers increasing accounts by 28% year on year. united health down 8% for its

worst day since the start of the pandemic. the stock was responsible for almost all of the dow's drop. getting a 2025 profit forecast that fell short of expectations. it cited higher medicare advantage, in patient and prescription costs. other insurers fell sharply in sympathy with higher expenses expected to ripple through the industry. for more, let's bring in sarah james. she just hiked her target to 6.44 from 5.91. sarah, great to have you with us. >> thanks for having me, melissa. >> in terms of what is exerting pressure on united health right now, what will abate as time goes on? what will no longer be issues because some of it seems structural here. >> absolutely. and these are all industry events that should be hitting which is why you saw the sympathy trades in the rest of the group. but we've got medicare costs

going up. part of that is the ira. that's going to continue. we're closing the donut holes so seniors have less of an incentive to manage down their spending and that's dwoigoing t continue. we just saw a little hitting this year because of some manufacture actions on pitching to doctors to get those script numbers up. but the things that will abate are going to be really the two midnight rule is going to start the anniversary. that was a regulatory change allowing hospitals to charge more for an inpatient stay, classifying them as inpatient observation. a 4x difference in cost per stay for the same stay. also on medicaid coming out of the pandemic, a lot of people gained coverage. we've gone now through the process of checking everyone's income. it cut a lot of people off. some who are not having the right contact information. they came back on when they needed a doctor visit so they're coming in with higher costs.

so these medicaid costs then also the medicare hospital ones. they're going to start anniversarying and we're hopefully going to be getting some price relief there on the medicaid side. >> so, do you think that, united health, we said this earlier. our resident technician who's on the show often, called this a god like chart. this has been a monster stock for so long. but do you think it should be valued at the same valuation that it has historically given the new pressures it faces? especially ones that you say will not abate? it doesn't anniversary. the ira. that impact will still be there. >> that's a great question. i think where investors are really struggling is you had several quarters in a row above expectations and this is supposed to be the gold standard safety play and you see that in the valuation. so right now, it's trading about a three turn discount on 26 pe to where it's historically been

but it's still well above its peer group. we hiked our price target of this because we think it's a great time to buy. there's a lot of their businesses we think are going to be getting better going forward. that's often inside their healthcare. optum health, their hospital and doctor area. and we think there is going to be because of that price release coming, some improvement on medicaid margins as well as hopefully down the line, medicare margins. we think buying on the dip is a great move today. >> sarah, it's tim. we like to buy on dips. there's certainly a trading element to this show. that's why if you want to add in the mfundamental call, those multiples are about as ak tracktive as we've seen in a while. some people are considered to be overly conservative and that would make your trading call that much more interesting. it feels like he was not kitchen sinking, but he was not going to give you a glimmer of light

today. >> yeah, that's been a huge debate as i've talked with investors throughout the day. is this the clearing event we hope it is? we think it is. when they put out a guide of 8% growth, it's below where consensus was at 12% and expectations of ten. we think they took all of the bad costs that are happening in '24 assumed that there's a good amount of pressure that continues. price for that to get some relief and in you have rolling off of all the one-time change related expenses. so we think this was a good clearing event and guide was set conservatively. >> great to speak with you. thank you. >> thank you. sarah james. you buy the dip? >> i think so. in december of last year, the stock made an all time high, i think about 548 then had a precipitous selloff. that prior basically resistance becomes today's support. look where we traded down to today and we did it on about

three or four times normal volume. maybe you get a fall through on the downside tomorrow, but this is a great entry point i think. >> the providers and services spaces in one area that looked over value to us. so i think it's worth keeping an eye on here. i like healthcare generally and i upgraded it last week. i've been getting a lot of questions from investors about it. >> one thing though is that we heard about the problems of medical loss ratios. it came in worse than expected once again. why do you think this could be the clearing event? why do you think this might be the time? >> one, i think the stock's taken on some of that already. i think there is some concern that the use of specialty drugs has been a big issue for unh. who knows. i would take it back to a chart. what was once the godly chart, i'm not pushing back on carter but i'll say this was one of the greatest charts on the market for five years into april of

'22. it was a $540 stock and with a lot of volatility since, that's really where it sits today. coming up, trouble in tesla's technicals. that is causing the chart master to say take the money and run. zbl and shares of lvmh down 8%. when "fast money" returns. delts so they can make every customer feel like they've arrived before they've left the ground. this is how business goes further with t-mobile for business.

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welcome back to "fast money." >> you've got to tell people. >> no, we don't. waste of time. chart master says it is time to take your money in tesla and run. stock dropping to the penny to the three-year down trend line taking a big leg lower. tesla also getting more bad reviews on wall street. wells fargo saying it expects the company to miss q3 estimates. dan. >> we know they're going to do that. >> you know they're going to do that. you believe they're going to do that. >> listen, they've barely made their delivery numbers for the last quarter. they're going to report next week. no indication they're getting any better. the price car continues. they keep working on this other stuff, the cyber this or that.

whenever that comes, i have to think that's going to weigh the margins. that sort of spend is. they're also spending a lot on high-end gpus. as far as carter's concerned, he made a great call to sell the stock when it got to that downturn level. i think it gets back to 200 by the time they report. >> three-year down trend line. it's not been violated to the upside. that 185, 190 level, it's been lower a couple of times. for everything that people look at, to me, it still becomes a margin story and they said that you saw trough margins i think four quarters ago. that hasn't happened. and this stock hasn't traded well for the last three and a half years. >> lvmh plunging today. total revenues fell 3% last quarter as demand in china continues to disappoint. they made a point of saying

things look better in the united states but all markets are experiencing pressure here. >> yeah. it just seems to me this is one of those stocks that continues to get hit on the same bad news. it's got a couple of friends around it who are ulta and estee lauder. i think it's a challenging time for luxury, especially when you think about the global luxury trade. you think about the margins, believe it or not, there's not the pricing power in some of this stuff that you thought. >> what do you think about retail? >> i think consumer discretionary is interesting in a falling rate environment. we've sort of stolen that tail wind. i look at this, i'm not sure what i learned today that was new. you know, we know that china's been a problem. we know for example you look at some of the read throughs. good space in the u.s. has been pretty overvalued. not sure i really learned anything new here. >> the commentary on the call indicates they said they were

not going to make lower end products for aspirational customers so they're not going to try to get more share that way. i thought that was interesting in the context of our discussions about like a starbucks or a nike. these premium sort of brands and what they do to attract that customer that is struggling right now. >> i say good for them because it's well, i won't get into the reason when you see 14-year-olds walking around with louis vuitton bags, the fact everything's sort of been ratcheted down. >> would you ever give a 14-year-old -- >> of course not. that's the point, tim. >> i get it. i just wanted you to get exercise. you seem to be upset about it. let it out. >> look at the chart since march of this year. gone from 190-ish down to current levels. that's significant. it all makes sense. juxtapose that with a tj maxx. it makes sense that one side of the equation is doing extraordinarily well, the other,

not so much. coming up, china's housing problem and how the government is going to prop up the sector. the details, next. more "fast money" in two. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com we're still going for that nice catch. we're still going for that perfect pizza. and with higher stroke risk from afib not caused by a heart valve problem,... ...we're going for a better treatment than warfarin. eliquis.

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hold a briefing on thursday on measures to boost the country's property sector. it comes as china is hoping to revitalize its struggling economy. the u.s. session taking a tumble, tim. what do you make, this is sort of one of the pillars not addressed in stimulus so here we are. this is one of the wbig problem in the economy. >> they have been targeting cities and trying to determine the best tonic for each one. i think it gets back to what the market's expectations were and they look at very surgical, almost surgical policy maneuvers and it's very typical of what you get from china. i think it seems very disappointing when you look at the headline when you were expecting the aggregate bazooka. i think it means they're continuing and are going to continue and i think the selloff is an opportunity. especially i would put it now in the resource name. look at that selloff you've seen in a freeport, southern copper,

bhp. i think actually there is some follow through in industrial because that's really one of the only levers they can pull. >> how are you thinking about china right now? >> to be honest, most of my clients, it seems like it's a trade. so i think the bar for it to be more than a trade is really, really high and clearly, that bar isn't being met with these announcements recently. if you look at the data recently, there was just a massive amount of money that went into china funds so i feel like people who wanted to make the trade made it and maybe that makes a bar even higher from here. >> look at the may high. i think it was 29.5 and had a significant selloff. so that huge run took us right through past resistance becomes support. i think it was last week, hashtag smooth to my left, when alibaba was trading about 119, probably paid a lot to do it. that was the right thing to do. you're going to get an opportunity to buy this stock 98 or so. i think you buy it again right there. >> the other side of that trade is you're still long the stock. it's one thing, it's great to be

making some money but people understand both sides. it is worth pointing out that a lot of times, people either sell calls and lock themselves into a position because they don't want to be uncovered or can't. that is the other side of this. >> baba is the b in zebra. >> also the a in ahmad in zebra, too. it's a disaster. >> all right. >> you guys know how i feel about this thing. the most random thing, sandy. 2025. >> how about two acronyms next year? >> falras.in tde ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term

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time for final trade. tim. >> it was kind of a trading call from an analyst. i kind of like it. term and unh. either way. >> lori. >> regional banks. they're cheap and the funding of the economy. >> great to have you on the show tonight, lori. dan nathan. data scientist. >> those guys are fun. >> i like sirius here. >> buy you guys a bunch of pocket protectors for the holidays. >> thanks for watching "fast money." see you back here tomorrow at 5:00 for more fast. "mad money with jim cramer" starts right now. my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somee