he was talking about that in conjunction and now let's see how many of those chips microsoft and others are buying. the starship launch is literally seconds away. i will monitor that here and look forward to seeing you you back here on set tomorrow. fast money starts now. the super heavy booster of the launch tower. >> six, five, four, three, two, one. >> welcome to fast money. you're looking live at starship's base company. elon musk launching its starship vehicle and the super heavy booster. president-elect trump among those in attendance along with elon musk. as the flight gets set to land, she will join us. fast money takes off right now. live on the nasdaq market site in times square. here is what's on tap tonight. two market heavyweights on our

radar today. walmart serving records after the latest earnings. nvidia finding momentum as it gets ready for its report tomorrow. what you need to know about both those moves. and plus a biontech breakdown. but is the selloff overdone? we'll talk to an analyst. could kim kardashian and her new friend break the internet? i'm melissa lee coming to you live from the studio. and on the desk tonight, ahead of u.s. equity strategy. welcome to lori. we begin with two big stories tonight. walmart hitting a fresh all- time high after raising the forecast on the full year with strength outside the grocery aisle. we'll get more on that in just a moment. but first, nvidia shares closing just $3 shy of its own record. move comes ahead of its earnings reports tomorrow night. shares up 17% since its last

report. should we expect more gains for the a.i. darling? wall street certainly expects more gains. they've been hiking the price target and estimates going into this number. >> and look, we have, for pablo, we have been following this. question is how big of a beat. karen has been saying this. we know it will be a beat. i get back to the multiple of the stock and where the growth is at least very comfortable to me until the end of '26. everything we got on the hyperscale, and everything we know about cap x, and everything we heard about the company reassuring us. i think at times they've been overly conservative if you think about what they have been telling us each time. why wouldn't you believe them when they talk about production issues? when you think about gpu capacity issues and where there is a constraint, when you think about both consumption and where rewith in terms of building out power and data in this country. i'm going to just hold my nose and say i think it stock is going to do okay tomorrow. i don't expect it. it doesn't need to rally 10%. it needs to hold these levels.

>> expect another drop, that is quite the set up. >> yes, it sounds like it set up a little too far. the bar for them, i would say. eventually it's going to not have a great earnings cycle. but when you think about it, who are their top five clients? i bet you 80% of those top five are eight clients are making their own chips. you have now a delay on top of a delay. an overheating on the blackwell chip. there is a lot of head winds that could be penetrated. they have 85% market share still, but it's theirs to lose. so i don't feel comfortable buying it here. i'll stay static here. >> there have been some doubts about blackwell and whether or not we'll see some slippage in terms of whether it will be production delays or overheating concerns, things like that. >> right, tim talked about that. that's not a roblem. the demand is a problem if there is a problem, which i don't think there will be.

but the bar is getting higher. i would sort of prefer to have the lower. on today's strength, i sold some upside calls, i used the money to buy some downside puts because of the way the skew is that people are far more bullish than bearish, so you can get a put much closer to the money. >> that sounds so sensible, by the way. >> you can do it tomorrow morning. there is time. >> it could do even better tomorrow. >> except now everyone has followed karen into this trade. [ laughter ] >> right. so i hate when the bar goes up. but i do think we're in early earnings. not that there could be some sort of hiccup. >> it's only 200% for the year. it's not a lot, right? >> it's nothing. >> the story is still very much intact. i don't know what ends up being the right evaluation, but even with that option trade, i'm going into this. >> how important is it for the overall market? >> i think it is very important. i think a lot of other people, recently i've been sort of

inclined to look at these big names. and with these big name, i'm trying to sort of look through anymore earnings print. what i'm generally seeing in my data is even though the value trade kind of fights back the mega cap growth names keep fighting back, and showing the dominance. you know, i started to get questions recently as people are sort of debating and we are starting to get some concern, that they won't cut quite as much, etc., etc. and these growth names, they will go to secular growth when they get stuck. i could see sort of the tail winds that are coming back. >> the defensive trade will come back to play? the defensive elements? >> i think so. we are sort of looking at interest rate pressure and inflation coming back. typically when they are sort of squishy, and below 2%. that's when they tend to outperform. and so macro tail winds could be returning to these despite the fact near the crowded positioning on the evaluations

don't look right. >> and we have to take the growth, in terms of the revenue and the mark that we all know is going on in both their court and the a.i. world, and also their core gpu. but this is a company that made 39 cents a share in '222. so the final full year number is 39 cents. they're expected to grow $5 a share in '27. the profitability of this company is not only up, you know, 14-fold, 15-fold, but it's a dynamic where i think we get the sense their ability to hold margin for the next few years is there. that's why when i look to the outyear and i see the 30 times multiple, and i look at it relative to the peers, peers within that group. i mean if you're going to own semis, which one are you going to own? and really they have been pulled up by the tide. i wouldn't be, you know, i certainly wouldn't be chasing some of the ones that we question, whether it is second or third place, not even in third place anymore, and they will begin with that i. i like the earnings story. i like the multiple, but i like the margin story to be

something that can hold here relative. >> and incremental dollars at this point to nvidia or to dell? >> dell. i mean the valuation differential is so big, although clearly they are correlated. all right, back to the breaking news we mentioned at the top of the hour, spacex testing its sixth launch of the starship vehicle. elon musk is being joined by president-elect donald trump. morgan brennan is with us now as the rocket gets set to land right now. morgan? >> reporter: hi, melissa, that's right. this is the sixth test flight of starship. what you're seeing on your screen right now is that super heavy booster, which is a part of what makes the starship system, the most powerful rocket system to ever fly, coming back to land at star base in south texas. now what's on your screen right now is the starship vehicle, which is doing a sub orbital flight. it will test from different

maneuvers. it's going to test the engine in space, and do some other experiments before it lands in the indian ocean. that's what's on your screen right now. but the other piece of this, very similar to spacex, is the testing of reusability. so for the super heavy booster, we are looking for a landing there. i don't see it on the screen, but that is the key part of this test as well. so of course as you mentioned, president-elect trump is on site. star base for all of this, signals how this is incoming. you can see him on the screen with musk. actually that's general saltman who heads the space force side of president trump as well. u.s. base force. they are on site and it signals what the space policy push is

potentially going to be under this incoming administration. fact there is an expectation at national security from the space standpoint is going to ramp that. the lunar program is now going to ramp to bring stronauts back to the moon, and that essentially we'll see a plan to go to mars within this next four-year term too. and so that is on your screen right now, and it looks like i'm doing this in real time. but trying to assess here the landing of the booster. but if you want to come back to me in just a moment, i'll listen in. >> yeah, it looks like something landed in the water. it would have been the super heavy booster that splashed down in the ocean, presumably, morgan. but yes, it is difficult to decipher in real time. the shots keep switching back and forth. the presumably, morgan, given elon musk is so within donald

trump's orbit, if you will, spacex will benefit and could increase its government contracts? >> reporter: potentially you'll see it happen with all of commercial space as space is expected to sort of. and by the way, the national security side, that's the process of them going on a number of administrations now. it looks to your point, yes, the super heavy booster splashed down in the ocean, so this was not a successful catch at star base. but keep in mind, this is a test flight. the sixth test flight. what musk and spacex are doing with starship is basically unheard of. so this is a vehicle that is very, very powerful. it's been designed to be fully reusable, which is the holy grail of space flight. nobody has been able to do that before. when you see these attempts at landing, no one else is doing these kinds of attempts with rockets. we know the falcon heavy does

them regularly. as well as the falcon heavy. and so it doesn't look like that part was successful, but now you need to watch starship itself and see how those tests in space go from here. but all of this is a part of that process that spacex will go through as they design these vehicles. >> morgan, thank you. morgan brennan. let's get to walmart now. shares ripping to an all-time high today. releasing guidance after beating top to bottom estimates in this quarter. walmart seeing gains in home deliveries and saw a bump from holiday shopping. for more on walmart's strength, let's bring in bill simon, the former walmart ceo on the board of darden restaurants. bill, great to see you again. >> hi, melissa, how are you? >> i'm good. by all accounts this is a strong quarter across the board. what's interesting is the continued gains of the higher income households. i remember you saying way back when those gains might be difficult to hold on to as the

economy improves as shoppers return to their normal habits. could it be different this time around? >> you're right. i mean historically they keep a percentage of those customers. they gained the high from the customers. the vast majority of them sort of migrate back to service. you know, kind of the premium product when the economy allows them to. so the fact they're sticking now sort of suggests one or two things. one, they're not ready to move back yet or two, that walmart got a good shot at them and kept them happy. that would be, i think a real monumental positive change for them if that would be the case. >> bill, it's karen. thanks for being on today. furthering that point, the e- commerce sales were real strong, and i didn't see the day. i don't know if you would know the data of taking a guess. how much of those were from the healthier shots once you're used to doing it and that they might replace amazon or would

you do it alongside. do you have a sense of how that shopper figures in to e- commerce? >> yeah, i read through the report. i didn't give you that data point specifically, but they did say much of their gains in e-commerce were from an improvement of the grocery home delivery business. that's debatable whether it's going to be the high-end customer nod. i mean it's primarily a price driven customer, but so many more of their customers as they understand kateed to the reporter paying extra money for premium delivery service, which would support the higher-end consumers are buying more online from walmart, and maybe providing amazon with a little digital competitiveness. >> one of the reasons why we love having you on. one might think you would be bias to walmart. always preferring walmart over target, but that has not been the case. i'm wondering when you think of

walmart's valuation and historic pes, do you say walmart is much more expensive than it has been historically or walmart is in a different business now, it has walmart plus, advertising revenue, a dtc business. so therefore the valuation should be higher? we have to rerate walmart and stop comparing it to the historic p/es? >> i think you're right, melissa. if you just evaluated as a retailer, there is no reason why the valuation they're holding currently would apply. you know, the fact they mentioned again in their report, probably the third or fourth time that they're approaching profitability on their e-commerce business, which means they're still not profitable. and so they have been pumping money, capital, operating loss into this business for going on ten plus years now. and maybe they're starting to see some of that impacted. valuation of the digital company are substantially

higher than the physical businesses. because if you compare category by category, walmart's physical retail performance to target, they're not dramatically different. in fact, they're really quite similar. the difference in their results are walmart has a much more substantial digital business and a larger food business than target, which is growing at a higher rate. and target did their deal with cvs a few years ago kind of got out of the pharmacy business sort to speak. so those three categories are providing substantial growth in value to walmart now and target's lagging. >> hey bill, it's tim. but that's kind of where i wanted to go with this because that lag in target seems like an opportunity to me. i mean ultimately what we're seeing from big box is an opportunity to rerate. target hasn't had the ability, and they certainly haven't made the same investments in dtc and digital, but they made many. to the extent we're looking at a multiple for target that is

kind of historic as in line with history. 15 times forward, maybe, you know, typically traded 12, 13, but, you know, ultimately this is a stock i think has been a proven story. so getting back to your bullish target view and relative value. i want you to weigh in again at this point. i feel walmart is pulling everybody up even though walmart is the one ahead of the class. >> i love target. target is a great company. they always have been when i was competing against them, they were great. brian cornell over there has done a terrific job in a difficult circumstance over the last couple of years. one of the most optimistic things and the things i'll be looking forward to at their earnings release tomorrow is, you know, walmart, and by the way, sam's club, reported for the first time 11 quarters some buoyancy. target has traditionally dominated that segment. you know, they provide a better

quality product, their margins are better. just in general, that business has been so tough all across the retail landscape. we're starting to see a rebound of these discretionary general merchandise category, and we see that in target's business tomorrow, then we know it's broad in its application across the market. if target doesn't deliver that tomorrow, and we continue to see what we have seen from walmart, then i would say walmart is really separating itself from target. but i believe you're going to see target grow, show. so general merchandise growth. and i do think that means from a relative opportunity in the market. >> so one word nswer, bill, would you rather walmart or target? >> oh, that's such a loaded question today. i mean on the heels of those results from walmart, there's literally nothing that you could dislike in that, except maybe the inventory thing, which i thought was a negative inventory. they're so good, they're so

well valued, and they're doing so well. i have to go with target because i think there's a bigger opportunity there right now. >> okay, very good. bill, thank you. always great to see you. >> you bet. >> bill simon. all right, grasso, same question to you. >> always excited to hear what simon has to say. >> what? >> walmart or target? >> walmart is up 65% of the year, target is 10%. the catch up trade will be target. walmart is the one you put -- what did they say? put it in your sock drawer or wherever? that is your forever trade. target's probably the catch up. >> it's interesting to me normally walmart reports earnings and target sort of follows along, the stock does. today, target closed down. so maybe it's that question bill is talking about, is walmart keeping that customer from target? but oh my god, the valuation dispersion now is so wide that it sort of makes me feel a target or walmart. >> and it's just bill, so i allow it to happen.

>> i'll mark it down on my note pad, so next time i'll keep him to it. but quickly, lori, does walmart tell you about the health of the consumer or sort of an outlier because it is such a good executor? >> it feels like an outlier to me. we had other retailers that reported and didn't see sort of the same spectacular resilience. and i think, you know, as i'm sort of going through some of these today, i'm just wondering when and if we get tariffs. how are companies going to be able to navigate through those? and what does that do to the health of the consumer then, right? does it keep the consumers that have sort of migrated to the places where the cost, the prices will be lower, or do they stop spending altogether? that is kind of the big question on my mind. just answers your would you rather question. but it does sort of make me think about the next part of the story. i don't know if we got a lot of color on that today. coming up, taxing issues, in h&r block sinking today. what it could mean for you today on april 15. but first, buying into food

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welcome back to fast money. netflix hitting yet another all- time high today as the company said 108 l million people worldwide watched friday night's mike tyson, jake paul's main event. peaking at 65 million concurrent streams. globally making it the most streamed sporting event ever. >> wow. >> look at that stock. despite the technical glitches, karen, despite the concerns this will play. and also the nfl games on christmas. the stock doesn't care. >> it was down briefly the day after when they were talking about the technical issues and the fight itself wasn't particularly. and the undercard with the women, i never watch women's boxing. i happened to watch that. that was kind of crazy. but i sold some calls against it, which turned out to be a terrible sale. i really, the valuation is very stretched, but i love their competitive position. it's so good. i mean even when the streaming issues and it not being great, this is the response. i mean this is something powerful, live sports or

entertainment as you pointed out that it was. >> sports entertainment. they also got the extra booster of a very strong content slate towards the end of the year. they got squid games 2, that's your favorite, tim? >> yeah, i'm all about squid. [ laughter ] and i think the fact we just set some records, whether we're calling it a sporting event or not, shows you the power of the platform and whether that could draw people in. we haven't begun to scratch the surface of what they could do. what we just begun, and we are well into is the generation of the ability of the company. the fact they're going to earn $30 a share by the end of next year, which is five times what disney is going to do. i realize it's apples to oranges at some point. but right now, the margin on that business, they are doing itt a higher margin than everybody else as the top line grows and the profitability grows. at some point they will give money back to people. they don't need to have that same content investment or the same investment in their infrastructure. it will be a yield play. >> and expected to be the primary revenue generator by

26, that's huge. >> the biggest takeaway, they don't charge you for the fight. do you remember when we were growing up, you had to pay $60, $70, whatever it was for 90 seconds of the tyson fight. this one everyone is cord cutting. it's becoming your cable. you don't need anything else. so if they put in now local news, they have live sports, they have streaming, they have everything else. they have the ability to raise prices yet again. it's very hard to sell a stock with that type of, you know, a launching pad. >> meantime president-elect donald trump's pick for health secretary could have a big impact on the food industry. a number of those stocks hitting 52-week lows today. robert f. kennedy jr. has imposed restrictions on additives like artificial dyes and high fructose corn syrup. listing a host of companies that use food dye in their products from kelloggs and

general mills cereal to kraft heinz. makers like pepsi and coke coming under pressure. the stocks are all down since the rfk jr. announcement last week. what's interesting, lori, to me this long been a staple sector. it is the reliable sector. here it is being under assault. >> look, i think this is a sector broadly and an industry in particular that has had a lot of problems. it's been cheap on my model for quite some time. at some point, staples got down to two standard deviations relative to the s&p. and i've been staying very close to my food analyst, nick mody on this. he's been negative on the fundamentals. they've been completely sort of out of sync with what's been going on with this country in terms of pricing, just tone deaf, jamming pricing down. this is just the latest thing to come in and hit it. so it's a cheap sector, but i think it's cheap for a reason, and i think this just adds to uncertainty in a place that has been pretty difficult. >> and to lori's point. general mills peaked in

september. that's a long ways away from the election. they had a host of problems prior to rfk. if we're going to the european model, there is a lot of things that could be sold in the united states that aren't sold with the same ingredients. >> right. >> in europe. so this is not armageddon, but they have had a world of problems already way before the election. >> by the way, if we're going to the european model, isn't that a model with a lot more government and a lot more intrusion? i mean i'm just going to point out some irony in some of this. look, people want sugary snacks, let them have sugary snacks. they're going to sell or not sell is my view on this. meanwhile they rallied 30% in the end of september. and i think lori is right. i think also they would have a period, you know, two years ago, which is one of these generational things that could never get so good for these companies to pass on the price increases and inflation. and then another run to fresh all-time highs. i would just from the charts perspective. i think you could stay clear a little bit. >> and isn't this about, real quick, it's not just about

sugar, right? am i misunderstanding you? it's about different types of chemicals? >> dyes. >> that's right. dyes. >> and i'm okay with people choosing sugar. >> but to tim's point, it is also partly sugar in terms of what food stamp money is able to purchase one of the proposals is not being able to use snap government money to purchase sugary drinks and snacks and things like that. >> i didn't like it when bloomberg did it. i don't like it either. >> ultimately they would shoulder the costs of the health problems that are there by eating sugary snacks and things like that, right? salty things? >> yes. >> and which is why, you know, the drugs, they are making their big argument to congress and everybody else that we're actually doing a health service, putting money back in people's pockets by keeping them healthier. i'm just pointing out again, we're trying to make the government smaller. i hear about people saying we're going to get not only into your bedroom, but we're going to get into your refrigerator, and i became more political than what i want to be. >> a lot of the fast money

coming up next. here is what's coming up next. filing your taxes by phone. how the department of government efficiency or doge is looking to change up the filing system, and the name is taking a deduction on the news. plus rfk jr.'s potential health department post having an impact on the biotech disrupter. how drug makers will fare. you're watching fast money live from the nasdaq market se idin times square. we're back right after this. (grunting)

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welcome back to fast money. shares of intuit and h&r block slumping today on a washington post report that the government of efficiency initiative, a.k.a., doge, could try to create a mobile app where americans could file their taxes with the irs for free. and it is currently limited to users whose annual income is $79,000 or less. the doge version would be open to more filers. what's interesting about these two stocks, they actually ran up into the election thinking that they're going to look for ways to cut, so the irs would

no longer have money to look for more tax tools, so they would have an advantage, but it reverses. >> and i thought that made sense to me. well, i was not aware $79,000 or less. i didn't realize that. >> me neither. >> but i don't know. i feel like some of these things they respond. so being a perfect example. it could be a lot of things that wouldn't be good for the ibb, but maybe the reaction is overdone. we don't know what could actually happen. and if i were long into it, i would probably not sell today. >> i guess the thing that confuses me is i thought this was suppose to be a panel that was going to save the government money. and you know, number two, right, if there is a way to sort of make people mad, it's messing up their taxes. so i think i will be interested in seeing this. what's coming up on my conversation is what role does software have to play in that going forward? and this was not what i expected to see just in terms

of sort of tech contribution. >> right. coming up, president-elect donald trump's cabinet continuing to take shape. how his pick for commerce and health secretaries could impact the markets and the potential disruption to the official biotech sectors ahead. 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.

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welcome back to fast money. stocks shaking off tensions reversing course. the dow falling 120 points, now on a four-day losing streak. s&p up .4 of a percent. and nasdaq jumping 1%. the post-election crypto surge continues. bitcoin hitting another fresh record high in today's session, briefly touching the $94,000 level. president-elect trump, meantime, choosing fitzgerald, howard lutnick to be a key player in the administration's trade and tariff agenda. joining us with the very latest. >> reporter: hey, melissa. that's right, one more name becoming official today. to lead the commerce department, but a lot of questions here about how the trade authorities in this administration will be structured. because in making that

announcement, trump issued a worded statement saying in addition to commerce secretary, lutnick would also have additional direct responsibility overseeing the office of the u.s. trade representative. that would be a shift for the usdr, which has been cabinet level on its own, housed within the white house. so more questions than answers there about exactly how that trade authority will be structured. but this does take lutnick out of the running for the treasury secretary, the one we've been watching most closely this week. still four names left in the mix for that position. all familiar names at this point. you can see them on your screen. i will say tennessee senator, bill hagerty, is with the president-elect right now at that spacex launch in texas, having spent a lot of time today with the president, a chance for a lot of facetime, perhaps an extended audition for that treasury slot. and then just one last one, melissa. just in the last hour we did hear trump has tapped celebrity doctor and tv personality, dr. oz to lead the center for medicare and medicaid. that would put him within the department of health and human

services and reporting up to rfk jr. if both men are confirmed. clearly a lot of moving pieces here and a lot of action down here in west palm beach. president trump continues to move at a pretty rapid pace to fill out his cabinet. melissa? >> all right, megan, thank you. now to the impact of another trump nominee. ibb biotech down over 7% since the president-elect tapped robert f. kennedy jr. to lead the department of health and human services last thursday. but it might not be all bad news for health care investors. being an analyst on the note for friday, they are more confident trump will pick a commissioner had with a robust medical background and ties to the industry, given rfk's lack of medical credentials. and behind that forecast, he joins us now. it's great to have you with us. the health and human services, not only oversees the fda, but when it comes to research, etc. i mean overall is the impact of

the sector negative or neutral? >> you know, i think, well, we don't know a lot. rfk is probably not the best for the sector. i've gotten a lot of investor questions on the impact of the nih. fda is still a question. now we know dr. oz is heading up cms. you know, he could be in control of things like irs price negotiations, which has not been great for the sector. so i think there is still going to be some pressure. i do want to see who the fda commissioners because that is what's most critical for the names that i follow. >> and you believe the fda will eventually be headed by a doctor? somebody who is grounded in science? are you confident? i mean you're telling clients, you know what, this is overdone because we believe this will happen. that seems like a big risk given this incoming administration and the interesting picks that they have outlined so far? >> for sure. dr. oz is a doctor. he was, you know, on staff, the faculty of columbia. you know, i think it will be really important to have someone who understands the ins and outs of the drug approvals.

i think if they looked at that package, it's a thousand pages. it is really complex. clearly there could be some pressure on some, you know, components of drug approvals and whatnot. but still, i think that trump will likely come through. he did pick someone like them in the past who was instrumental in the whole operation warp speed, which is one of trump's signature moves at the end of his presidency. he got us the covid vaccines very, very quickly. so i think he might want to continue to run off of that. >> are there valid selloffs in your sector? do you believe they are warranted? >> i don't think they're warranted. i think there is a buying opportunity for someone like pfizer. right now the yield is up almost 7%, which is huge for the pharma space. i think names like merck have also seen weakness. there is just concerns around vaccine business. but concerns are not just in the united states. so i would say this is a buying opportunity. clearly a bit of suspended animation until we get more clarity. does rfk actually get the nod

and confirmation? and of course, dr. oz has to be confirmed as well. >> thanks for being on. back to vaccines for a minute, how about moderna, which has been the absolute, you know, worst of the bunch? how do you think about the stock here? >> so i don't cover moderna, but i can talk about it in broad strokes of the covid business. covid, we're five years out of the pandemic. it is more of a stable business for someone like pfizer. it's not the financial driver. although it is a decent part of their, you know, kind of go forward revenue base. i think moderna, from what i understand, they're partnered with cancer vaccines, which could be very interesting, very important for the company. but again, you know, the fact we're kind of beyond this covid phase, you know, we're all done from that. i think that it is probably, you know, you'll want to look elsewhere in the sector. >> what do you make of the selloffs that we've seen in the gop one makers lily in

particular? and novo also, given a look at the end of the year, which could really move the stock? >> i was waiting for the question. so lilly had a rough 3q. they were highlighting demand issues, which spooked investors, so they really need to come around and pull out a good force. of course, we don't get that until late january or early february. in terms of novo, similar to both. they had a rougher one. they actually beat, but they had some concerning kind of qualitative guidance around 2025. in terms of the 25% weight loss bar. we want to see efficacy, and in my view, similar to what you've seen. that could help them remain competitive. this is a bigger catalyst for investors. it will be used in a more limited group of patients because of the complexity around the pen. it's a chamber device. and beyond novo, you also have the potential closing of the deal, which will also get the same amount of inbounds from

investors. >> evan, it's great to have you. thank you. >> thank you. >> all right, given the risks that are perceived in the sector. are these opportunities? >> so as evan said, the vaccine makers, they have a real problem. if you look at those stocks, the same thing we're talking about before. their problems started because no one is getting vaccines anymore. we're already past that point. but also to his point, i said the other night, the market is going on 100% that rfk will get that spot. it's basically 60% at best that he'll get that spot, and the market already factored in all the head winds. i think they're all buying opportunities. >> so our analyst had some concerns that this could happen before the election. i did a survey of all my analysts and a couple days before the election, he reached out to me and said we're moving from a red sweep to neutral because of this scenario. you know, we would look at biotech. it's been cheap. the pharma space has been cheap. i guess my big concern here is i don't know exactly when this

uncertainty will get resolved. and the other question is on the fda commissioner, that they reported into hhs. so i'm just not sure what guardrails there are there. >> and you're pfizer, you're pfizer. >> and it is nice to hear that somewhere. to me, that's the place that i will be nibbling. coming up, since holding on to early gains as they start to fade. why lori calvasina is calling it a clean trump trade. that's next. and kim kardashian showing off her new friend in a viral video. the robot showing her some veans dance moves. more on that when fast money returns.

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welcome back to fast money. the post election surge it small caps has lost a little steam since the days immediately following president- elect trump's victory. one sector has held on while down today. financials are up nearly 8% since the election. lori here says the group could continue to climb. so it had is the clean trump trade? >> right. i think this is the simplest one to look at right now. if i go back to that survey that i mentioned, there were two sectors that you wanted to buy, where they were right on one and wrong on the other. other one was energy, which you

just mentioned faded. what they're pointing out is the regulatory aspect. it was, you know, by far and away something across the board that they thought was one of the most important takeaways from the trump presidency. so you know, fast forward to now. we've seen the group hold up. i will tell you ast week i took a couple different days and i sat down and read through all the post-election commentary and conference transcripts and earnings call transcripts for s&p 500 companies. we did all sectors. it was a lot of tariff talk. well guess what? the financials don't get directly impacted by that. if there is some sort of a recession, sure, there would be a drag, but no direct impact there. but what they are talking about is all the good stuff that investors would like from the trump victory. so that is regulation. we heard a lot about that. taxes, we heard had a lot about that. not as much as we would like, but a bit about it. a lot of excitement there. even some potential for loan growth. and so i think you got kind of all the positives, not some of the negatives. and the valuations are still

cheap, only around average for the valuation models right now. >> yes, i like that trade a lot for all the reasons you say, but also just higher markets. it's better for the asset wealth management part. >> and steeper curve? >> yes. >> no question. >> yes. >> and if i will take the other side for a second, and my joke last week in meetings, i never heard the banker tell me their pipelines weren't full. at some point we're going to have to make sure that will actually come through. i think maybe taxes is a little more complicated than they understand. trump has linked the tax rate to the domestic production. but there is enough good there. you don't have to get all of those. again, you know, i think the tariffs are the big overhang, and it's just not in that area. >> everyone will look at the performance or the under performance. 20% of them are financials. and a lot of these are the ones that could benefit the most from deregulation. that's putting a little bit of a spark underneath the russell 2000. coming up, kim kardashian's

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hi. can you do it this? i love you? you know how to do that? okay. >> and the voice and hand belongs to kim kardashian. she's introducing her new friend, a tesla robot. the reality tv star and business mogul posting a video to x showing off her new pal. $30,000 optimus robot. they played rock, paper, scissors together. showed off some dance moves. kim k. also posting a video of the bot and a new tesla cyber cab. guess what? tesla shares were up today. >> she's been big on the reality, right? [ laughter ] >> seriously, though. this is interesting, you know, this is sort of a celebrity endorsement of a product that has not yet to hit the market. >> and i would not, i'm not surprised kim is right there

and that optimus is showing her all he can do. it's impressive in its own little way. >> it's interesting the cyber cab that optimus is sitting in the cyber cab, like as if he's a chauffeur, but you don't need anybody there. literally he is just accompanying kim theoretically for a ride. >> and the price tag is $30,000. >> that is not a bad number. it's not a bad number for a bot. >> i mean if you can play rock, paper, scissors with it. that is worth every penny. >> yeah. >> i mean it was also hoola dancing, by the way. >> does it fold laundry? no, seriously. there was a robot recently that folded laundry. >> think of what they could do, you know? you could hire somebody like that to do your t-shirts. stack them in the display. buant y way, up next, final trades.

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how should wall street be looking ratify had trade policy? i'm going off the charts to find out. and i will speak to today's acquisition announcement. >> mad money, next, cnbc. time for the final trade. >> and another reason why i love the money, particularly citi bank is the whole doge concept. i think the efficiency that's going on at citi bank has been going on for a couple years. i think that's a big, big driver for profitability. >> karen? >> yes. so i'm looking at the nvidia, which we talked about earlier. the calls are much more pumped up. >> did you forget for a split second your final trade? >> i was thinking about citi bank, because i like citi bank, and then i'm like okay. i won't say anything about citi bank. i'll talk about nvidia. >> lori calvasina? >> we'll go with the financials. it's been a long time coming, so let's enjoy this while it

lasts. >> great to have you on the desk. >> steve grasso? >> is it true we will have optimus in studio soon? >> no. >> i mean, some time. i don't expect a lot of jobs. and this is one that got damaged from the rfk trade. i'm still in it. >> thanks for watching. see you back here tomorrow at 5:00. mad money with jim cramer starts right now. my mission is simple, there's always something 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 trying to make you a little money. my job, not just to entertain, but to educate. i've got to put this all in perspective because it's crazy right now. call me, 1-800-743-cnbc. no one wants to say hey, the market is down because vladimir putin might defend himself with nuclear