you on. thanks for joining us. >> thanks for having me. have a great weekend. >> you too. continue to keep an eye on bitcoin. gold also having its best week in more than a year. geopolitics is in the background. we haven't talked about it very much but it is there and something to monitor in ukraine and the mideast. >> time to focus on the then of stuff. >> that's going to do it for us here at overtime. >> fast money starts now. the dow notched yet another record close, this is fast money. and here's what's on tap tonight. a tale of two tech trades, software stocks outperforming the once red ehot semis over the last six months. is the trend about to reverse and the thanksgiving may be next week, but we are already counting down to christmas. we'll talk to the y owe of one of the country's biggest outlet mall operators for his read on the consumer this holiday season. plus, the dollar drives to

two-year highs. starbucks quietly closes in on its best levels of the year, and each of the traders is armed with their chart of the week. i'm tyler mathison in for melissa lee coming to you live at the nasdaq. tim seymour, bono, guy adadi, and remotely, julie beal, welcome one and all. >> good to be with you. >> all family. >> we start with a big divergence in two pillars of the tech trade, software and semistocks, heading in different directions in this second half of the year. the igvetf up. it sounds like i give up. that's what it looks like in the teleprompter. up 22% since the start of july. while the smh chipetf has gotten crunched down more than 6%. top software names making major moves higher in that time, oracle, servicenow, salesforce,

snowflake, all up double digits while big chip stocks continue to trade lower. lam research, micron, qualcomm, down 10% or more. will the second half separation in tech continue into the year end? let's get to that, but why don't we begin with your reflections on the fact that here we go again, another dow record high. the s&p 59.69, close to 6,000, and lead me to the tech. >> no stopping it. >> there's no stopping it. >> if i said tyler mathson, there's going to be a head line this week that russia fired ibms into ukraine, what's going to happen to the market? the s&p is easily done 100 hand lts, gold's up $100. ten-year yields are probably significantly lower. none of that happens. so i guess if nothing else, that just showious the resilience of the broader market and passive investing being first and foremost in everybody's mind. with all that said, i mean, you have to say at some point things can get a little dicey here

given all the geopolitical -- >> let's move on to the question of the outperformance. >> the one guy didn't answer. >> no, no, wait a second. listen to how he led the show. before we get into it, what are your thoughts on the market. >> he's a little defensive, tyler, i'm not. and i'm happy to talk about this. because i think we're going to maybe even talk about the underperformance of semis, although maybe that is this conversation right now. we've priced in so much good news you had a day after the day after on nvidia. the stock finally did give up a little bit. >> nvidia was down today. there sit. >> as we argued even yesterday, and i think even the 3 .4% move today is something, all things considered, the zoom into those numbers, the fact they downshifted successfully in terms of the guide. software is moving because it is seen as the next reverberation now. you throw a pebble in the water,

guy, what happens? >> you get ripple effects. >> that's what i think has happened. >> but then the ripples go away. >> they go away eventually. a ton ofgrades this week. we heard it from everybody, from snowflake, even data dog, 6% of their arr is an a.i. customer base, yet that base tripled in the last year. that's the kind of thing you do in software. and none of these valuations make sense. and we've talked about this with pallentier. 48 times forward sales, absurd. the argument here is if you're playing a.i., you're playing through the enablers and software platforms of different ways to do it. and frankly, that's the way a lot of the consumers are reaching out, but more importantly enterprise is happening right now. >> thoughts on the broader market hitting new highs on the dow? the s&p within a hair of 6,000, or pick up on tim's thinking on the semis versus software. >> so i'm going to be defensive

and offensive. i'm going to avoid the question first and then answer it second. >> oh, nice. >> in terms of the broader market, i think we're in an everything rally right now going into the nvidia print, a lot of us spoke about how we were concerned about that. we'd like to see it trade flat. i think that kind of explains the move that we saw post earnings, because it was yet another blowout quarter. i think questions about blackwell supply and ability and back ordering and pull forward of ordering there, i think those concerns have been assuaged. in terms of the divergence from smh and i give up is, you know, let's take salesforce, for example. the question was -- and this was what the hyperscale was this. a.i.-related cap -- needs to be justified. that was the prevailing wisdom at the time. companies were coming under pressure because investors didn't feel they had an accurate

answer to that question. salesforce tradeoff, i don't know what it was, 20%, 25% post earnings, and so a lot of those names have gotten beaten up coming into the print. and so that explains a bit of it. essentially you have a star player like nvidia dragging up the res of the balance. you've been mired in that drag. again, there's been a massive divergence between a.i.-related capex spin and capex spin going forward. >> where do you put money now, julie beal, where would you go? >> software is a much better place to be. more profitable businesses. less capital intensive. i'm always going to prefer an -- but i think what's interesting to me is just the dynamic that we've seen with nvidia and then everyone else. it's a little bit reminisce sent of the telecom boom that we saw. i don't think that is

necessarily sustainable for much longer. -- dominant, but -- abroad -- >> is there something wrong with those other stocks that haven't participated among the chips, or is it just that nvidia is doing everything right or has this immense tail wind moving it forward? >> i think the average -- company does not have -- of development -- something that you learn and something that you build around. -- not analog stocks have that. and that really is the core -- because it doesn't just solidify the current business, it really paves the road for the future business. >> all right, we've got a news alert now on an a.i. company that is looking to go public. julia boorstin has the details, hi, jewelya.. >> coreweave is looking to go public next year, aiming for a

valuation of more than $35 billion. this according to a reuters report. likely to target raising more than $3 billion from its -- ipo market, there's been a lot of speculation that the ipo market will open up next year and this would be a $30 billion valuation company in coreweave, looking out for that one. back over to you. >> julia, thanks very much. major averages trying to regain their post-election momentum this week. they did kind of the dow, s&p, nasdaq all locking in weekly gains of more than 1.5%. the dow also setting, as we've been talking, a fresh record close today. where do they go as we enter these last few weeks of the year? let's bring in bleakly financial ceo peter. also a cnbc contributor. you talk a good bit about this being a two lane kind of economy. what does that mean and what does it mean for the equity markets? >> well, we have a fast lane

that includes upper income spending that's robust still, helped by not just income but the wealth effect of higher home prices and stock prices. you have anything related to a.i. spending, and you have anything related to government spending. in the slow lane, you have the lower to middle income consumer. you have manufacturing that's in a two plus year recession, you have the pace of housing transactions, and everything related to it at the slowest pace in 30 years. and you have global trade that is rather muted so. while we see the gdp number and -- i think it's much more mixed under the hood. >> when you've got interest rates, the market interest rates on the ten-year and others at the levels at which we find them today, is that going to make it harder given where stocks are valued for stocks to move higher? >> it's a great question, because i do think that is the biggest challenge. we have what i believe is a bond

bear market that started 40 years ago after a 40-year bull market. and i think we're just still adjusting to this rather sharp rising interest rates in a very condensed period of time. and it's not just in the u.s. i see the japanese four-year bond yield closed at the highest level since 2008 this week. european yields are -- i think there's this global rise in interest rates that will continue not withstanding central bank attempts to lower interest rates. the most notable thing that has happened has been the sharp rising interest rates and the face of the fed lower short-term interest rates by 75 basis points. >> tim has a question. >> yeah, hey peter, how about notable in the dollars moved? and what does that do -- you're someone who looks around the world too. people have been talking about spain is a great market, certainly best economy across europe, but dollar's moved 7.5%, and now there's probably a u.s.

dollar/eu differential that's economic. so i'm just curious what you think either the dollar means to multinationals here or where the opportunity from this dollar is for multinationals that get better and more attractive here. >> well, the dollar actually is interesting because, yes, it's rallying against the euro, the pound, the yen, and some some other, but it's weakening against the price of gold so. is the dollar really strong or is it weak or is it just the better of other -- currencies? with your point about europe, we had disappointing pmis today, both on the manufacturing and services side on top of expectations that then got built into the december ecb meeting where we're pricing in a 50% chance that the ecb's going to cut 50 basis points. the ecb now, while their mandate is inflation, it's clearly shifted to the growth side, which is not their mandate, it's more of their unofficial one. but they're cutting the fed maybe not in december, it's

50/50 there, and that accounts for that weakness in addition to that economic weakness. the dollar, generally speaking, we know it's challenging the yen, because the boj raised interest rates in the face of 2% inflation. and to your question, what it means for earnings, it's going to be a head wind for multinational earnings if this dollar stays strong as the quarter progresses. but also it's a liquidity suck if the dollar continues to rally, which the market obviously has ignored up to this point. >> guy, you want to jump in? >> that's a financial term, by the way, liquidities stuck. tyler was right to mention, as was tim, ten-year yields. but two-year yields have gone up in lock step. that's not happening at all. what are your thoughts on the yield curve? >> well, the two-year -- when

they cut 50, the december 2025 fed funds futures contract was yielding about 285. today it's yielding close to 4%. so we've taken away -- the market has taken away more than 100 basis points of rate cuts because we have seen the response in the long end of the curve, we've seen the economic data sort of hang in. we have seen the inflation data hang in, and i think people just got way too ahead of themselves. i do, though, expect a further bear steepening where the ten-year yield is most likely going back to 5% while the fed, while not cutting as much as we thought, is still looking to cut short-term interest rates. but most importantly, jay powell should not ignore the behavior of the bond market up when he spoke at the last foc meeting, he was rather dismissive of the long-term rate, and i think that's a mistake if he continues to be. >> i want to get your thoughts

on commodities. i know you are bullish there, long gold, silver, you like oil and gas, why? >> we're long, we remain bullish. i think the gold story has more legs to it. i know it had a move after the election, but central banks are not going to stop buying gold because trump won, just as they were not going to stop buying if harris won. oil is rather cheap. the energy stocks are very attractive and continue to hold them. and i particularly like the fertilizer stocks in the ag space which have gotten beaten up. >> throw some fertilizer on it. >> that's what we do here every night. >> yes, indeed, we do. peter, thank you very much. we appreciate it. julie, is there a trade here that comes to mind based on what peter said. >> i think if i look at material stock broadly -- benefitted from any of the improvement in economic conditions. if you look at -- continue to be really weak, but i think there are good opportunities for some.

i think you have to be a little bit select if on the ones that have real capacity protection -- >> we talked a little bit there in that previous interview, and tim, you mentioned earlier, the dollar, eighth straight weekly gain jumping to its highest level in more than two years, closing in on parity with the euro. >> peter highlighted terrible pmis across europe. meanwhile here, pretty solid. manufacturing is in a recession in the united states, but the services part of the economy is not only the part that is the consumer but the part where there is a bit of inflation. i think in this case, the dollar strength is positive. remember, we're trying to also impute upon a world where there are tariffs, there is at least a policy response. some of it is fiscal policy, some of it truly is the dynamic that could have higher tariffs being a barrier. dollar positive for now until you get a case where this is a drag on the u.s. economy. so i think there's a limit to what the dollar can do.

i think the break of this level here, i think it can rise up to 110, and i would get back to those asset classes that have been phenomenally resilient in the face of a higher dollar, because historically this kind of move in the dollar would have destroyed gold. it would have destroyed the price of oil. i understand there's an oil disruption trade to the market this week, but i love energy here. i look at the move in the xop this week, and that was the kind of move that tells me these are names to get back into. >> any reaction? >> i think you brought up a good point about multinationals. tim was talking about in the interim how dollar strength is a positive, and i tend to agree. but i think when you start layering on the tariffs and what the blow back might be, the response might be from china, from europe as everyone digests this, i think that's something to keep an eye on. the gold trade,i tend to agree. bitcoin is getting all the headlines in terms of the move that it's had over the last couple weeks, but i think gold still offers you an up side and a steady, progressive, up to the right type of way. >> that was 17 minutes of --

content right there. >> i mean, it was fun. >> golden content. >> how long does 17 minutes take on -- what's that show you do? >> probably takes about 40. >> very nice. >> all right, come on. >> coming up, bitcoin battling to break the $100,000 barrier while the breakthrough could come and how high the cryptocurrency can run. we've got that next. plus, the retail giant -- the ceo joins us for a closer look at how the consumer stacks up for the biggest shopping season of the year. be right back. (♪♪) from celebration moments... ...to joyride moments. your moments are worth protecting against rsv. rsv is a highly contagious virus if you're 60 or older with certain chronic conditions, you're at higher risk of being hospitalized from rsv. and there are no prescription rsv treatments.

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♪ it's time to try defying gravity ♪ ♪ ♪ all right, welcome back to fast money, everybody. more records for bitcoin as the crypto inches ever closer to the $100,000 mark. the coin getting within $150 of that milestone today. the cryptocurrency now up more than 40% since the election day. how much gas is left in the tank? >> i think it's equally awe inspiring and concerning. so i mean, as i mentioned before, this run up near $100,000, i think kind of, you know, underscores the fact that

there's broad institutional adoption, the retails are still a massive supporter, and the administration has come out and essentially said they are going to be pro-bitcoin, along with gins ler stepping down. with that said, this has a long history of boom and bust type of trading cycle. seeing as it's void of an intrinsic value you're left at the mercy of herd mentality in terms of needing to be the first one out and not the last one out of the door. i think that, and you look at a microstrat jishgs nfts, and artwork, and everything is getting that, you know, everything reality type of boost. i think sit a little bit speculative in nature at this point. >> you have a couple nfts, right, guy? >> doesn't everybody? >> tim's done an amazing job with coin base. this is one you talk about getting over your squeeze, this it in spades. next year's numbers now approaching the numbers we saw in 2021. i look at bitcoin, i don't understand it, but i do understand valuation.

if you've enjoyed the run, i think you've got to take money off the table in coinbase. >> there's stats that say they're north of $100 billion. there's a dynamic here, and he referenced the -- that was going to happen anyway. the reality is that more regulation in the form of the sec being on board is really i what bitcoin wants. we talk about trump 2.0 being a world of less regulation. i think this is about constitutional adoption. bitcoin has an argument. i think there's a lot of less emphatic arguments out there for other parts of digital space right now. but that's just, you know, i think it's a matter of time. that was part of my call on coinbase. i think it's that on-ramp. there is no question if you look at the rally we've had in equities, there's been a part of this -- we talked about the parts that have been rallying -- but call it the meme world, the extreme speculation world that comes with digital assets and stocks around it has been part of the last three weeks and

really since election. i think that's something that is something to be concerned about. having said, that i'm not going to fight this energy right now. >> yep, all right, a lot more fast to come. here's what's coming up next.

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all right, everybody, welcome back to "fast money". a four-pack of fast movers catching our eye today. first up you got starbucks jumping to its highest levels in a year as the coffee chain continues its revamp under new ceo brian nick alcohol. a pair of detroit automakers revving up. ford, highest level since the summer. gm, nearly three-year highs, and finally, supermicro jumping another 12% today bringing its

gains since monday to 78%. that is its best week on record. the server maker hired a new auditor this week and has a plan to release its long-delayed annual report. even with the gains, though, the stock is only where it was a month ago. let's start with starbucks. i start with starbucks because guy brings me one. >> he's a nice man. >> he's a nice man. >> he only gets you those. >> tyler's our guest. i'll get you coffee if you want. >> he's a good host, man. well look, starbucks, getting back to the dynamic here, you've got the ceo factor where -- i think starbucks got the boost. it actually has followed through on a couple important initiatives. i think the expectation is, first of all, while starbucks an is brand where operationally people feel there's much to be improved, there's nothing broken with that brand. the bottom line is -- and i think that's what nichols

pointed out -- he's basically saying we're not giving the house away. we're not necessarily going to be promoting. they cut out a couple promotions, i think they have focused on the in-store dynamics, where they have growth. it feels like there's someone running the company. far while there we were having trouble getting economic forecasts and quarterly forecasts out of a management team that were anything close to the mark. i think that's as much of the improvement in the stock and in the multiple as the fact that starbucks is a great global brand. >> you got real management in there. now, julie, i think tim hit it there. the customer experience is everything, and i think starbucks lost focus on the customer experience. it got expensive. they have so many drinks and things on the menus that they can't keep up. and they had drive-ins and phone-ins and walk-ins, and they're trying to serve them all, and they weren't serving any of them very well. maybe nichols is going to turn that around.

>> i think investigators appreciate when a story gets cleaner and there's a refocussing on what made a company great and what it's competitive position is. it's hard when they're trying to be all things to all people at all times of the day when they clearly have a model that works best when they focus on what they're good at, more towards the early part of the day. i think the opportunity talked about earlierer in the week of di zesting or jving operations in china could be interesting for them, because i think that hasn't been the market they hoped it would be. i think there's so much more competition than they expected. i think there's a lot fundamentally here that looks interest. >> guy, you want to talk starbucks, the cars, what do you want to talk? >> i'll talk starbucks for you. they reported basically the day before halloween, tim, so i won't boo. year over year, 14.4% last year, almost 19%. north american comps were miserable. it is not a failing business, but it's a struggling business. maybe drawing on the cups and making things sleeker, but the

pressure the stock was under for over a year has not gone away. analysts downgrade the stock's price target. i don't know if it gets there, but this 102 level is probably fair right here. >> all right, we're going to take a quick break. coming up, tanger's ceo stephen for a look inside what could be a record holiday season for retailers. the numbers and what's driving the rush right after this. (♪♪) (♪♪) (♪♪)

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welcome back to "fast money," everyone, 'tis the season. just a little more than a month left to get your shopping done or started. but how is the consumer stacking up for this holiday shopping season? we're joined by tanger ceo stephen in the house for his take. >> thanks for having me. >> i'm really impressed by a 90% occupancy rate in your businesses. that is really something in this day and age. >> well, it speaks to both the outlet category, because there's

a lot of retailers that want to play in the outlet space, but it speaks to retail in general. i think retail is really hot right now. brands are hot, and the consumer is definitely resilient. and they continue spending. >> what are you seeing in your stores as we head into this holiday season? i assume you're optimistic as why wouldn't you be. people seem to have money. they seem to be spending money freely. >> october was great for sales. i think that momentum carried into november as well. and the customer's coming in and buying big baskets. they're buying apparel. they're buying gifts. the gift giving started early this year. november 1st was really when christmas decorations started coming out. and santa claus started coming out in a lot of shopping centers where kids were lining up to get pictures taken earlier than usual. the reason is, thanksgiving being as late as it is this year, there's five fewer shopping days between black friday and christmas. >> you know, you have in your business, i'm guessing, the stalwarts, who have been in the

outlet category for a long time, and then there are probably newcomers coming in. >> a lot of direct to consumer brands are getting into the outlet space. >> why? >> let's take mack weldin, allbird, now seeing brands like sephora, brands that had never been in the space before but seeing an opportunity to get in front of a customer they may not ever see in any of their other channels. >> how's the customer mix changing, if it is at all, or the customers you're targeting changing. >> we're going after a much younger consumer. the younger consumer has proven they like to shop brick and mortar. and we want to make sure they know we're there. and the best way we do that is by just how we communicate with them, digital communication, a lot of tiktok, you know, the big thing on tiktok is, you know, your haul and a lot of folks like to go into the store. these kids, they buy a bunch of stuff and open it up on tiktok

and show their friends the things they bought. more importantly, they tell them the brands they bought, where they bought them, and the shopping center that they shopped in. >> coming off a great third quarter beginning of the month, you talked about focussing on diversifying the tenant mix and peripheral land. speak to that. >> we have a lot of opportunity to bring a customer -- look, we're all competing to get the customer off the couch into our shopping centers. that power shopping experience -- >> i talked about that. >> that's something that a lot of our customers rs our core customer is looking for. that new customer is somebody who's looking for more of an experience so. what we're trying to do is frift the shopping center business to the experience business. shopping is part of that experience, but better restaurants, better food and beverage options, better things to do when they're there so we can keep the customer on site longer, get them to spend more money during that stay. ? stephen, wall street, the analyst community, i think, has rewarded the operational success and the rent spreads and the

occupancy that tyler talked about. how about -- i think they're also rewarding, though, the opportunities outside of outlets. and the -- allows you to be potentially opportunistic. talk about that, where there's opportunities outside the traditional outlet you're used to. >> we think that our team that we've built and our management, our leasing, and our operational team is -- you know, as great as we are at outlets, that's our core business, we've learned we can execute in that full price space as well. we bought an existing shopping center, huntsville, alabama, we got fourth quarter of 2023 that now we've had a full year with that shopping center as part of us and we think that's a business we can expand into. as you said, our balance sheet is positioned for growth. >> congrats. >> thanks for being with us. have a happy holiday season. >> thank you very much. >> let's knock it around a little bit here. what's interesting to me is

here's a company, stephen's company, that has gone through a pandemic, a transition to online shopping. a lot of people go online. but people still want to go out. they want to hunt. they want to find things. they want to touch things. and that, to me -- and they want to find bargains. >> there's a couple things. you mentioned the pandemic that were brought to the forefront in that pent up demand for experience. he spoke to that, having it be -- i think that younger demographic. >> food and drink, food and beverage. >> exactly. thought to not have the discretionary spend power. being able to anchor around them you have a longer tenant, sorry a longer consumer that's going to grow into that business along with you. >> if you had a hold, excuse me, a store branded credit card you might want to check the interest rate on it. a cnbc report finding dozens of retailers hiked up aprs to record levels just before the

fed started cutting interest rates. gabby has the story. gabby, welcome, good to have you with us. >> tyler, it's always grade to be here. at least 50 of the nation's largest retailers increased the aprs on their store-branded cards. companies like macy's, gap, petco, and burlington. store cards have always had high interest rates and, the fed's rate increases, of course, pushed those higher, but retaylers kept raising even after the fed stopped so. between september of 2023 and september of 2024, the average apr on a retail credit card soared to 30.45%. >> oh my goodness. >> and this happened at a time when the prime rate didn't move up or down. so we got to call it what it is, this was just all about shoring up profits before the fed egan easing monetary policy. now companies like big lot, burling to, michael's, and petco have some of the highest rates in the industry at 35.99%.

gap and tjx are behind at 34.99%. >> gabby seems so happy about this. >> positive energy. that is positive energy. >> i'm exposing the corporate greed, tyler. that's what this is all about. >> with a smile on her face. >> i might walk out of the studio with her. dangerous. >> remember when you had to teller? >> what do you mean when? >> whoa, whoa, whoa. >> i have nothing to do with 34.5%, i'll tell you that much. >> is this whistle stop on the way to 40%? >> you know, we could get there. there are no regulations really in place that are banning interest rate caps. president-elect trump said he wants to impose a temporary 10% cap so people can get their finances in line. of course, the banks will say that this will upend the financial industry, nobody will ever survive. if we have like a 35%, 36% cap, you're going hear banks say that. i do think we would have an appetite. there's bipartisan support for something like this coming in. >> does this apply to only the

-- so if i get a card, often these cards are, for example, i have a nordstrom card. it's branded with nordstrom. >> of course you do. >> of course i do. when i'm not at the tanger outlet, i'm at nordstrom, okay? but it's a visa card. >> yes. >> so is that a different category? >> so it's a little bit similar and a little bit different. so you have some of these cards that are like the macy's card, right? you can only use it at macy's. macy's also has an amex you can use outside that. >> i'll say this as well, i think the average rate on a credit card in the united states is 23%. it's about $1.2 trillion of credit card debt, and i think delin quincy rates are at a 13-year high. i'm glad she did this. that's something nobody's talking about. >> any thoughts, follow ons here? >> some of this is positive for the retailers, because this has been, if you look at the

financing arms and historically it works until it doesn't. i'm talking about some of the -- you get into gmac and other place, but as you think about the coverry that's gone on through the retail space and how they do control their customers, some of this is through loyalty, some of this is is through point, and it's worked to get customers back to the stores. >> julie, i sense you're flipping through all of your credit cards right now, seeing which ones have the high rates. >> i think it's a really good point, right? we're over $1 trillion of credit card debt, these rates are being increased, none of it is important as long as everyone has a job. but the min we have any kind of weakness in the employment market, all of this is going to start to look kind of wild. >> yeah, julie, thanks. gabrielle, thank you very much. keep bringing the positive energy. >> yeah. >> you know i will. >> good stuff. all right, coming up, it may be a short week, but it's still jam packed with earnings. that's next week. what options traders are watching as the market gears up for results.

that's next. but first, it's a chart-a-pal chart-a-palooza right afte this deadline in five! finished and sent. [sending swoosh] we have tight turnarounds. at&t business helps us deliver. okay! client wants his head bigger. wow, fast response.

sent! okay, oop! even bigger. sent. [sending swoosh, notification alert] still bigger. okay, yeah i'm not doing that— [typing noises, sending swoosh] i think it still looks good! [notification alert] oh — even bigger.

welcome back to "fas money. it is time for your chart of the week today we decided to ask each o the traders what chart caugh their attention the most tim, you go first. >> it's funny, we talked about a lot of different charts that caught my eye this week, so much that it was kind of difficult. i stalled and stalled until came up with ibb and ibb isn't a difficult on for this week, because when yo think about where we've been i the pharma, the vaccine space, but in the biotech space, th pressure from rfk jr. on downward and what it means for these stocks, whether it is an existential threat or a whol lot of noise so i think this sets up for an opportunity. and again, i would look at a amgen, a gilead specifically especially when you look a gilead's oncology business it's an opportunity. >> quick reaction, anyone? no, let's move on. what did you pick? >> listen, we've talked abou bond rate volatility, we'v talked about year-to-dat performance. i looked at high yield credi spreads. and i'm looking to make a bull

case for the market goin forward. you know, harken back to the days of tina, where we had n alternative. >> tina louise >> no, there is no alternative my argument here is if credi spreads remain tight and trend lower, yes, the risk-free rate will offer you an alternative. you'll likely see ebb and flow in risks off into treasuries and then risk back on into equities. it'll take a widening before the higher levels of the cap stack offer the risk/reward you'll need to see from that. >> all right, guy, you're next >> in early november alibaba went from 83 to 117. tim came on the show, i think, in the mid ol of that move whe it was 115 and said you've got to sell some up side that was short lived you know what, we've round tripped the entire move. if you've been waiting, here's your opportunity so the chart of the week for m

is alibaba on this pull back right at the trend line. if you've been waiting to bu the stock, now's the time. >> tim, you're nodding >> i think that's a great call guy's kind here, i was selling up side calls in 120s, but i owned the position i've written back the underlin even though i did take advantage of the high ball they've got 45% in market cash i like baba. >> julie, your turn. >> i'm interested in the move we saw in celsius a company that has stron distribution advantages in its relationship with coke 70% incremental shoppers in th energy drink category that weren't there before they're called women and i think what's bee interesting is it's been clearly mismanaged up until this point and what we're seeing is probably potential for activis involvement. this week that's really rallie dramatically from here >> very interesting. i didn't know -- i looked at the ticker and i didn't know what it was. it's a drink, you learn. you live and you learn this is good stuff, right?

any thoughts here? >> that's what we do on "fas money. . >> on celsius? let's move on. >> i'll give you thoughts on celsius. when we were kids they tried t ram that down our throats. kilometers and meters an celsius. >> that whole metric system? >> that was a good thing >> i wasn't buying it. the imperial system, please. >> you asked for thoughts, that's my thoughts >> we're going to zoom into week of monster earnings. what options traders are betting on refaon" back in tw minutes.

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welcome back to "fas money. big slate of earnings out next week there are just some of them. and options traders are bettin one of these names is about to zoom higher on results mike khouw joins was the action. >> it would be zoom. -- volume today and call outpace puts by about 3:1. right now the options -- 8.5%. that's significantly larger than the eight-quarter average, but

maybe not surprising given the big pop the stocks saw last time they reported. in one of the contracts that was seeing the most open activit with a november 29th weekly -- we saw over 3,500 of those trade for a little over $2.30 contract buyers are betting the stock can exceed that $90 strike price b the end of next week that would represent a move of 8% or so to the up side. >> mike, thank you very much let's trade that one and any o the other earnings that ar coming out next week >> i think mike's on t something in zoom. carter would say this is a bearish to bullish -- they'r really kicking microsoft teams in the rear end. and operating margins are on the rise i think zoom can surprise -- >> zoom is easy compared to th others for me. >> i like the fact this compan makes money. their numbers don't compare to where they were in the peak of covid. they're finding other ways t

monetize it's not expensive any good news on growth i thin will move the stock. >> any other names you'r watching for next week >> i think next week's going t be interesting on the retail side i'm really, really curious about more understanding of where we are the consumer nordstrom always gives a goo flavor of the upper en consumer contrast that with macy's. a good sense of how we'r looking coming into the holiday. >> best buy, nordstrom, dick's kohl's, as well as bath and -- bed, bath, and body works, it' bath & body works. >> i tend to agree the retail earnings ar important. particularly with target still looming large in the back of m head particularly. are we going to see this divergence of higher earning lower earning income consumer or is that just a warning shot, the proverbial canary in the coa mine in terms of trouble w might see. particularly taking about th interest rate and savings rate conversation we had last

segment. >> any thoughts on crowdstrike gentlemen? >> i like crowd, but i like palo alto more. the stock was on a lower left, upper right. i think a pullback in palo alt is what you want to be buyin here >> thoughts? >> if you were brave enough to step in, if you had the temerity to buy crowdstrike after a fiasco on steroids, the bottom line here is this is a company that was expensive going int that there was a reason that people were concerned about the fallout from these large enterpris customer, notably delt airlines the public's battle royale relative to some of the peer crowdstrike, especially the area they're in in cyber, i think i goes higher. a lot of people need these guys. you see it in the growth in th top line >> crowdstrike, palo alto, the security stocks? >> the thing i love abou security is no one rips ou existing security systems. they just layer more and more of them on top of each other. you really have to have a lot of

technical expertise, though, i you're going to be a long-term investor in these stocks because their level of differentiation is highly, highly technical i think crowdstrike right here looks well positioned. >> all right, let's take a quick k and come back with you final trades for the week. be right back.

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time for our final trade let's go around the horn julie, you get to go first tonight. >> thank you i saw azenta at a conference u to date. i think the new management tea has the right idea >> all right, tim, next. >> tyler, you're man, always great having you here. >> great to be here. >> i think every time you're here i probably tell you i'm bullish gold and the gdx has picked up ground off the election and it's going higher >> all righty. >> to use a word of one of m

colleague, if you have the temerity to stomach the pain o the google lawsuit, i think yo might regret not -- position >> interesting >> if anybody from the university of virginia i watching, tyler should be in the hall of fame get him in there >> oh, yeah, yeah. hey, i am cramer. welcome to mad money. i'm not here to make friends. i'm just here to make you a little bit of money. my job is to explain and change. -- teeth. call me at 1-800-cnbc-tran03. maybe they're headed to the