for a stock like that, grasso, do you want to pay 30 times forward? >> no, but, you know, to give you the bullish part of this -- because guy laid out the levels pretty well. the 50-day moving average is 187. we already blew through that 100-day is 176 i think guy's right, you could have this thing retrace pretty far down, maybe even to the 150 level, because everyone's looking for september. let's look at the new products let's look at what it is going into christmas and how that ramp starts for the next iphone the glimmer of hope for the stock -- or i should say the silver lining is services. that's growth. that's where growth should be. you want to see -- in a perfect world you want to see the stock migrate from a hard ware company to a services company, and they have been doing that. >> does it retrace -- >> unfortunately. >> sorry go ahead. >> go ahead, i'm so i remember you finish. >> does it retrace -- i guess a question for you or guy, but since i'm talking to you now, steve, does it retrace independent of what the broader markets do >> it is

grasso? >> palantir sold off. i'm looking for are retracement. i'm long the name. bought it for a day trade. winding up being a couple day trade. looking for a pop back. >> stuart? >> you need to be hedging equity exposure. the reason is raeeaction to goo news has been weak. you have had higher rates, a weaker china, and pretty bad technical setup. we think it's time to protect your equity markets. >> stuart, been great to be with you. steve, what did you learn this week in the markets? >> i think the fed's time is done for the moment. it was either nvidia or the fed, and they both had 15 minutes of faith. let's move on next week. >> good to be with you a.ll you guys at home, don't go anywhere, because "options action" is next. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you

nice way to play commodities. >> steve grasso? >> grayscale trust.more. >> bonawyn? >> you're seeing weakness in a home builders space. i think you'll get an opportunity to get back in a little bit lower. >> all right, don't awhe.gonyer "options action" is coming up next. 't qualify for the erc tax refund, so i called innovation refunds. their team of independent tax attorneys will work with your cpa to determine if your company is eligible. [whip sound] take the first step to see if your small business qualifies. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with socia

alpha bet's biggest move grasso, feels like we're back. >> it's funny, because, we've seen this where they were the risk stocks and now they're the security stocks, the defensive plays. they were the stocks to sell in a rising rate environment, then they became the stocks to buy in a rising rate environment. everything sold off enough to get people a little taste of a bargain. the bargain was still overpriced, but yet people t think, this is where i'm going to get the gains going at the year end >> yeah. we've seen rates sort of come down a built, it, won thbonawyn be settling in >> yeah, we have some economic data out, revised gdp, adp numbers came in lighter. so, we're seeing signs that perhaps the fed doesn't need to be as aggressive i would argue that maybe the sentiment is shifting here, just a little bit, in terms of bad news being good news right, it seems on the surface that, okay, bad news is good and that it's -- the rate pressures kind of subside, but if you drill down a bill further, i wonder if the rotation and continued participation in these tech names that we're seeing

we saw her >> in the shadows. >> grasso? >> everybody loves nancy so, when you look at netflix, i agree with guy's level i'd go a little bit lower than that there's been a couple of tailwinds for netflix. obviously, it was the password sharing crackdown. then it was the writers strike, because they just already have so much more content than everybody else it's their share to lose but to guy's point, when you luke look at the chart, it's been roaring above its 50-day and above the rest of its moving averages for quite some time it's dipped below now. so, if you look at this chart, it looks like it wants to go lower. there's not a whole heck of a lot of other streamers to play, but all the air has come out of, like, a comcast, because comcast is associated with that linear side of the television business, but i think people are overlooking some of the other players in the space, in streaming, because netflix has sucked up all the air in the room >> yeah. or is this a story of people pay up for -- for, you know, these packages

. >> 408 right now, grasso >> yeah, karen hit it. the market has been looking for a reason to sell off this was as good as any other reason but if i asked you, does powell hike further, what is your answer it should be no, right you would think it's no. i don't think anyone can say that and be -- be serious about it, but can you be certain i don't think you can be certain. >> no. >> does it matter, say he hikes 25 >> yeah, i think it does if everything is rising around him and he does it again, those long and variable lags become even more important. they become even more detrimental. they said they would do something until something broke. the regionals broke. they said they would stop when we see something in the unemployment market, we haven't seen that yet. that's the last shoe to drop >> yeah. julie, what's your take? >> yeah, i mean, i think -- i appreciate everyone's commentary that, you know this is ridiculous and this is just like 2011, and, you know, we all agree that the u.s. economy is, you know, bar none, one of the most

on the desk tonight, steve grasso, bonawyn eyeson, guy adami and katie stockton welcome to all of you. we start, of course, with that massive post-hours earning move in nvidia. the stock surging on demand for its a.i. chips, including the afterhours move. the company has gained more than $900 billion in market value, just this year that's more than one berkshire hathaway, which, by the way, is the next biggest company in the s&p 500. nvidia's call is just kicking off. our kryistina partsinevelos has more >> the options market was right. they anticipated a 10% swing and you can see the stock is up almost 10% that's because the a.i. hype has materialized into dollars for nvidia the company posting a 61-cent eps beat, but revenues that came in at $13.5 billion versus the $11.2 billion estimated. for context, that's more revenues than the combined amount of q-2 and q-3 of last year and if we're talking about guidance, let's talk about q-3 even more impressive $3 billion above consensus, $16 billion. that's $3 billion more than what was anticipated. the last time that happened was last qua

>> certainly a big day for cat, and grasso, it was his final call on friday on "fast money," cat forre's the question. what to do it's always a very nuanced thing, managing a winner managing a loser is easy get rid of it. here is the breakout you see it on the screen let's look at the same chart going back a bit further that is essentially the same circumstance, we have well-defined tops at a common level and we have a breakout l look at it going back even further. what you'll see here is a definitive news-related, of course, fundamentals-related, breakout to a new high one final chart,and this is th issue, the stock is also to the penny up against its internal trend line, in effect essentially going back to the mid-2000s. my thinking is, if you want to have your cake and eat it too, you stay long and sell calls, or take some measures, because it's a big day today, and while there might be a bit of follow through, a lot was priced in >> carter, thank you carter braxton worth of worth charting nice call on kat lascat last fr. what measures would you take, in infrastructure spending he

>> i saw him the same week and i saw steve grasso stay tuned we'll be right back. here's the skin-tightere's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you rock star! be a finance and hr rock star. workday. for a changing world. billy idol just stole your golf cart! we earn your trust. maintain our financial strength and stability. and deliver solutions that meet complex needs. massmutual. partnering with financial professionals, benefits brokers, and institutions. ♪ ♪ ♪ ♪ live your best day, every day with the power of the gelflex grid. sleep better. live purple. ( ♪♪ ) ( sfx: people cheering ) ( sfx: stock exchange bell ringing ) ( ♪♪ ) ( ♪♪ ) ( sfx: people celebrating ) ( ♪♪ ) ( sfx: people celebrating ) ( sfx: stock exchange bell ringing ) >>> welcome back, everybody. the new ford battery plant coming to michigan is what president biden was hoping for when congress passed the inflation reduction act. emily wilkens joins us with a new series we're calling the money trail. emily, good morning. >> reporter: