the stock's gone way too far, too fast >> pete najarian >> i mentioned morgan stanley.organ beat estimates the last four or five quarters. they've still gone down. you might get your shot on some of that pullback, karen, when the time comes but wells fargo is going higher. >> and guy adami >> just to end it with another zeppelin song, there clearly was a communication breakdown between you and the control room there, brian but that's okay, we got you to the finish line. i think pinterest reached a really interesting level here, sir. >> i'll see you 5:00 a.m. tomorrow morning thanks, >>> hi, i am sara eisen. welcome to special crypto night in america on cnbc >> tonight, crypto crash what you need to know as the digital markets get volume tim >>> plus, a little pin action. which stocks correlate to crypto and what does it mean for you. and crypto

. >>> tonight ace lineup, steve grasso, jeff mills, nadine termen, and pete najarian. welcome, everybody good to be with you the dow dropping 200 points to close out the week with jpmorgan, goldman sachs, american express. together, shaving about 170 points off the endetection that's most of a -- the weakness coming after earns from jpm and citi both dropping after warning of rising expenses, particularly with wages, wells fargo a surprising, so was this a case of traders selling on the news, or is there something more going on here? steve, let's start with you. not lose sight of the fact this is obviously one day's trading, and there are an awful lot of favorable wins, are there not, supporting the banks industry? >> yes, but when you think about banking, tyler, you they about the xlf, the etf for the financial sector of which berkshire and jpmorgan make up about 25%. so if you look at berkshire, it's not really a financial, it owns a couple things there it owns appearing, koch, a couple other names that's the one i would continue to buy jpmorgan, when you think about

let's go around the horn, pete najarian, what do you say?ive you apple, here's why, i think web bush is right, they talked about black friday to christmas 40 million iphones sold and morgan stanley $82 million in the quarter it's going to be a big holder. >> steve grasso. >> capri holding, david einhorn came out positive saying substantial upside and this year 10% of market cap in cash, they should have bought it when i punished it at $18 maybe they did capri. >> tim's already eating dinner tim, final trade >> we did a doge coin happy meal segment yesterday and i was so fired up i >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull mark somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica everyone wants to make friends i'm just trying to make you some money. my job is not just to entertain, but call or tweet me the market was cruising today. looking real good. until the fed press conference hit

portfolio and you don't want to miss those kerry firestone along with jim lebenthal, ways and pete najarian-founder of marketrebellion.com. >> the nasdaq under pressure and almost a triple-digit decline and 96 points to the down side and the s&p is basically flat, down a few and farmer jim, i start with you i'm wondering whether we could trust the bounce in tech over the last couple of days. we are going for four up days in the nasdaq and we have work to do in this moment. you've gone now to mr. all in to mr. sitting on my hands. you do still think we'll have a correction >> i do. i'm sticking with that call. obviously i look at last few days and i wonder if i'm right, but the last few days feels like a pause in what will be a steady rise in interest rates and i don't think it's a cataclysmic rise in interest rates and if the ten-year gets to two or above that it will not kill the economy or kill the markets and what it will do is knock down higher priced hypergrowth stocks. so i think that this respite we've had particularly in technology for the last couple of days is not over. as far as

got that pete najarian. >> sticking with energy. i will give you xlm, exxonmobil.buying today. >> josh brown. >> alphabet. like it. >> all right guys, it's been great. keep your eye on interest rates. the dow right now is good for 77 points the nasdaq has been on the run there it is higher by 150 points that does it for us. "the exchange" begins now. ♪ >>> yes, it does thank you, scott hi, everybody. we have a rip-roaring nasdaq rebound on our hands today we can trace it back to yesterday when we saw the big afternoon turn around. a lot of debate about why. is it powell talking about inflation peaking this year? the fed chair testifying before the senate today

who lost the woodsy plaid shirt from yesterday, now wearing white nadine turner, welcome, and pete najarian lady and gentlemen, thanks very much we start with our chart of the week that would be none other than the ten-year yield breaking out in a big way to start the year, up a quarter of a percentage points, in just the past five days, touching its highest level in roughly two years that's the rising star are we headed to 2% or back down to 1.5%? tim, what do you think >> first off, tyler, i just had one of my new year's wishes come true, that tyler at least host once in 2022. >> it's been a while. >> it's too long maybe they'll tag you for the new year's show again. who knows? let's get back to the ten-year, we're through the march highs, there's a sense that some of this is really about new fed guidance, a bit more than we got from the fed minutes on wednesday. without getting to wonky on the show, because we try to keep it relatively straightforward real yields have fallen about 25 basis points, which is some sense that people think the fed could run off the balance sheet a bit faster

joining me for the hour today, jenny harrington, kari firestone, steve weiss and pete jon najarian co-founder of market rebellion.com >> 4456. the nasdaq is lower by 1% yet again down 135 point, still hanging on to 14,000 albeit, slightly the ten-year note yield backing off a bit. the yields are falling 176 is the note on the ten-year. pete, we've had a lot of severe technical damage it's within the dow and within many different sectors the nasdaq 100, the nasdaq itself closing in correction below the 2 hun-day moving average, and i was going to begin this conversation today by asking maybe we're getting to a buyable bottom in some of these areas that have been technically obliterated until i found out about three minutes before coming on the air that you bought netflix which to me says a lot, but let's begin there and let's show the chart we know the stock was getting crushed on earnings. tell me why you decided to do that today >> well, this is a stock that we've been talking about for a while now and it was off the highs scott before it reported the earnings and we start to look at netflix

. ♪ >>> i have another buyer pete najarian. pete, are you there? >> i am.o-founder of market rebellion.com. with your brother. >> paypal, as you remember in december and i thought it had finally reached the level that made more sense and right around 180 and it created pretty well and because of what's going on in the market right now, we're seeing a lot of different names, they continue to have incredible growth their earnings per share continues to grow through the last three or four years and it's double digits with double digits with sales growth, and all of that. when you look at the p & e, but it's in the 30s and -- [ indiscernible >> unfortunately, our signal is horrible so i got the trade in paypal it's hard for our viewers to understand the reasoning why you added more other than the fact than the valuation had come in can you tell me if the stock came in and we have a phone connection issue and i'll let you run and at least know the name of what else you bought >> sure. [ indiscernible >> i'm assuming our producers know at this point know the name

got that pete najarian. >> sticking with energy. i will give you xlm, exxonmobil. i think it is going higher with call buying today. >> josh brown. >> alphabet. like it. >> all right guys, it's been great. keep your eye on interest rates. the dow right now is good for 77 points the nasdaq has been on the run there it is higher by 150 points that does it for us. "the exchange" begins now. ♪ >>> yes, it does thank you, scott hi, everybody. we have a rip-roaring nasdaq rebound on our hands today we can trace it back to yesterday when we saw the big afternoon turn around. a lot of debate about why. is it powell talking about inflation peaking this year? the fed chair testifying before the senate today, which is likely to confirm him for another term we will bring you the highlights he is also saying the fed will raise rates as needed to fight inflation. is it jamie dimon, his bullish remarks on the show yesterday cited as a factor for the sentiment. is the great rotation over just getting started. in rapid fire, twinkies, doughnuts and chips. not that kind of chips a p

here for the hour today, sarat, jim lebenthal and joe teranova and pete najarian, co-founder of market rebellion.com s&p 500 up 1.5%. the nasdaq with a nice gain into the fed meeting up 300 points. the ten-year note yield at 178 jim lebenthal, you know i'm starting with you as i have been lately because you're the one who called the farmer jim bottom and that's what i'm calling it until it gets breached and it has not. last night you tweeted you're still comfortable making that call >> i feel good about it, scott first off, thank you for having me on the last three days. it's obviously been an important period of time on monday when the s&p 500 was down 4% that felt like the washout capitulation and that's why i made that call obviously, we're higher than that now i don't think we go up in a straight line, but i don't think we go back to those lows and the reason is simple the economy is very strong and what i point to on that is capital expenditures it's intel last week announcing the building of a $20 billion plant in ohio. it's general motors saying 7 billion plant for electric vehi

let's continue with our stock summit pete najarian, you are up first. i'll take you through your picks here number one, capital one. tell me why. >> great company they had a great 2021 and they can do a lot better this year, scott. when you look at this name we always look at p-eand more importantly when you're looking at financials you're looking at the price to book, right and we talk about this all of the time and when you look over and look at j.p. morgan they're basically two times book this company is trading at 1-1, 1-2 times book and there's a huge amount of upside. the free cash flow is there. they're doing everything right when it comes to the credit cards. the growth there is incredible and the revenue growth there is incredible and they're having great growth in the loan growth side of things and it's far too cheap. i like what they're able to do, and i think on these pullbacks as we've seen of late i think that creates another opportunity. i think there's a lot more room to the isupside here and i looka the goldman stanleys and this one, be

here for the hour today, sarat, jim lebenthal and joe teranova and pete najarian, co-founder of market

pete najarian, shannon saccocia, richard saperstein, one of the top-rated advisers the best ideas fromtment committee for 2022. up next, we have to talk about bitcoin and other cryptos. they are sliding and sliding hard take a look at bitcoin, barely inon to 43 after the hawkish fed minutes. we'll talk about that next ahead of trading and there you have it. woah. wireless on the most reliable network nationwide. wow. big deal. we get unlimited for just 30 bucks. sweet, but mine has 5g included. relax people. my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one-upping itself. take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. >>> we got to hit crypto before we get out of here today, guys there's coinbase, we're showing you that because it was upgraded today at bank of america we do, josh, have ownership, and you own it, brenda owns it as well but, man, bitcoin's been hammered i thought it was interesting mike

portfolio and you don't want to miss those kerry firestone along with jim lebenthal, ways and pete najariane nasdaq under pressure and almost a triple-digit decline and

to miss our trades today joining me for the hour, jason snipe, stephanie link, josh brown and pete najarian co-founder of market rebellion.com. good to see everyone today let's take a look at where the markets currently stand because they look different than the

pete najarian, you see you at the bottom >> will do >> i will give you freeport-mcmoran i like steel but copper even more freeport >> great weekend, everybody. "the exchange" is now. ♪ >> thank you, scott. hi, everybody. i'm kelly evans. i'm sorry to tell you that stocks are in the red again this afternoon. the nasdaq is now having its worst month since november of 2008 we are 14% down from the november highs we are below 14,000 on the nasdaq now $1.3 trillion of expiring options adding to market anxiety today. we will explain. >>> netflix is today's disaster stock, down 25%, the worst day in nearly a decade yesterday it was peloton sinking like a stone, but if the pandemic darlings are seeing a dry up of demand is it good news for getting back to normal >>> next week tesla, caterpillar and intel on tap we will get the news andtrade on each going into the weekend >>> we begin with stocks sliding again. dom chu with the grim numbers for us >> the grim numbers are not as grimace earlier in the session, kelly. what i can tell you is the dow is down roughly 150 points, half of 1%. we wer

joining me for the hour today, jenny harrington, kari firestone, steve weiss and pete jon najarian co-founder of market