the gdx over the past six months stick with it. >> speaking of hekla, gold and silver, sld. >> dan nathanay, that's how you do it >> professor khouw. >> mikey, it's a great company but the valuation doesn't look as great anymore so i would like to buy a put spread on it short term pull back. >> dan, it's great to get the band back together we should do it more often that does it for us here on "options action. we will be back here at 5:30 p.m. eastern time. "mad money" with jim cramer starts right now - [announcer] the following is a paid presentation for emeril's all new forever pans, sponsored by tristar products incorporated. - emeril lagasse here with the most innovative pans i've ever cooked with. they can sear like stainless, caramelize like cast iron, and they have a super non-stick surface that will never lose their non-stick coating. introducing my forever pans. - [announcer] forget about non-stick coatings that don't last. the problem is they have a single layer of non-stick that quickly wears away with everyday use. - the pans say non-stick and they work great in the beginning,

i think you can play this still. >> dan nathan?g "fast money. "mad money" with jim cramer starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you a little money my job not just to entertain but teach. call me 800-743-cnbc tweet me @

riding shotgun dan nathan and guy adami. great to have you guys here. back in new york, karen finerman and tim seymour joining the action sadly, they are a little colder and less sunny than we are but we want to get straight to a big post earnings plunge in shares of snap the company said it slashed digital ad budgets last year the call kicks off later in the hour cnbc's julia has all the numbers. >> it's a first quarter warning that is sending snap shares down about 13% in after-hours trading. the big headline says snap's quarter to date receive is down 7% the company said that because of uncertainty, it could not give formal guidance, but informally, it guided to a revenue decline of between 2% and 10% in q1. that compares to expectations of revenue growth of about 1.5% now snap's earnings of 14 cents per share did beat estimates of 3 cents and revenue was right in line with expectations as for daily active users of 375 million, that number grew by 12 million in the quarter but the key thing dragging on fourth quarter results, it really seemed to be b

right after this >> announcer: as tech and banks cut more jobs, could that cut into luxury spending dan nathan is looking expressly at american express. find out how he's hedging the high-end card company with options. plus, calling all "options action" fans reach into your pocket grab your phone, and tweet us your question @optionsaction if it's nice, we'll answer it on-air when "options action" returns. thinkorswim® by td ameritrade is more than a trading platform. "options action" is sponsored by think or swim by td ameritrade ou customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah!

right after this >> announcer: as tech and banks cut more jobs, could that cut into luxury spending dan nathan is looking expressly at american express. find out how he's hedging the high-end card company with options. plus, calling all "options action" fans reach into your pocket grab your phone, and tweet us your question @optionsaction if it's nice, we'll answer it on-air when "options action" returns. i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to tru

where there's not value, bed bath & beyond equity having said all that, i would not short it >> dan nathanhe show last night, mel turned to me and said georgia's going to put up a 50 spot on tcu. she was wrong. what people adopt realize about you, your knowledge about sports is -- valero into earnings on the 26th look what that stock did today. >> thank you for watching "fast money. >>> for more fast we'll see you tomorrow "mad money" with jim cramer starts right now. >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm jtrying to make you a little money my job so entertain, teach, call me at 800-743-cnbc or tweet me @jimcramer. this is a time o

. >> dan nathan? >> tmlt. >>> thank you all for watching, helping us make it 16 years.here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. wel welcome to cramerica other people want to make friends. i'm trying to make you money my job is not just to entertain but teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. tech was back. these were rallied like it's 2020 which i

. >>> from energy to airlines, jets etf is up 17% dan nathan says it could hit some serious turbulencerview with the ceo of united and that guidance they gave in his commentary seeped bullish. the stock opened up at a new 52-week high today and then reversed i thought that was really interesting. karen said it in the a block, would much rather see stocks go down into earnings than rally, and this stock has rallied a lot. it was up 40% or so just in the last month and tim pointed out last night after we talked to mr. kirby here is the deal i look at this thing and that united chart, and i see a beautiful double top i look at the jets etf and pull it out for two years and see a very well-defined down trend it just got above that down trend briefly. that reversal on good news leads me to kind of want to put on a defined risk bearish trade when the jets was trading just above $20 at 20.16, i bought the february expiration put spret. i told one of the 18 at about a dime that is 40 cents and i can make up that premium at risk there so my break even is down there at 19.55. if it is below 18 o

. >> dan nathan? >> american express. >> thank you all for watching "fast money. "mad money" with jim cramer starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you a little money my job not just to entertain but teach. call me 800-743-cnbc tweet me @jimcramer. we're headed for a fed mandated slowdown to cause earnings estimates to tumble and because earnings are the number one driver of stock performances, that meansthe averages have to plummet no matter what so why are shocks rallying furiously and the s&p advancing and nasdaq pole vaulting 2.1%. holy cow those are big and for many unexpecting gains. in truth, there are a bunch of reasons. let's start with the macro, the over averaging determination for tons of investors because they run too much money to care about individual stocks. t

. >> dan nathan? >> tmlt. >>> thank you all for watching, helping us make it 16 years. we'll se >>> my miegs -- mission is simple to help you make money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. wel welcome to cramerica other people want to make friends. i'm trying to make you money my job is not just to entertain but teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. tech was back. these were rallied like it's 2020 which is how you end up with a session where the dow dips 113 and s&p ticks down .08% but the nasdaq jumps 6.3%. at one point it was higher before everything folded at the end of the session the whole group felt tempting. there is just one problem with tech the fundamentals see, their much worse than wall street seems to believe. key reason why the huge gains didn't last and shouldn't be expected to. today we got a clear counter trend rally in the morning albeit one that fizzled late in the day based

. >> exxon-mobil has the best year ever, but dan nathan, you said i don't think energy is going to beder that it is this year are you negative on it or is it just not going to have -- >> in 2022 it was a dismillion year so i think fact set has said that they see that contribution trailing off in q2 into q3. and so to me i think you appreciate the outperformance thats stock has had relative to the commodity. the commodity does act like we're in a global recession this year. >> dan, we're at 80. we're not at 8. >> okay. we're at 52-week lows essentially after that big rally we just bounced off of it and you saw the nat gas, for commodities, a year ago now we've round tripped the whole thing and now contending with the potential for a recession here and potential for a recession in europe and then we also have a china that has come back online. it doesn't feel back online. it won't feel back online for months. >> it will take some months. but -- >> there is pressure on the oil companies to bring it home let's be clear exxon been i lived in russia, exxon was in sacka lien and plays out th

at a sprawling event that brings together titans from the finance and crypto world joining me is dan nathan and guy adami, who apparently drew the short straw tonight. >> was that even me? this is fun. >> i'm saying this is amazing. >> sarcasm by the way, this is a place that like sinatra would hang out with dean martin. i'm partial to those guys. >> i know. for all the talk of a looming recession, it doesn't feel like that here. >> it doesn't. if you walk this resort and see all the people here just to be at a resort then look at the thousands of people here to do business and be at an event like this, i haven't felt this way since before the pandemic to be honest with you. >> a different story in the markets today. stocks kicking off the week with broad losses nasdaq dropping nearly 2%. s&p down more than a percent ten of 11 sectors losing ground. dow shedding 260 points. selloff comes as we get ready for a very big week of market moving events. earnings from meta, apple. alphabet and amazon. jobs all on the calendar could this week's news accelerate today's losses? felt like we were a li

we're live at the nasdaq marketsite we've got a full house on the desk tim seymour, karen finerman, dan nathan and guy adami. we start off with the goldilocks reading on inflation the latest cpi giving markets exactly what they wanted the dow up,n't nasdaq continuing its rally for ail fifth straight day its longest winning streak since last july the s&p flirting with the flat line but did manage to end the day in the green meanwhile interest rates pulled back as investors bet the fed may not be so aggressive with its next rate hike yields on two-year treasuries falling to its lowest since october but can this momentum continue as investors shift their attention from the economy to earnings q4 reporting season kicking off in just over 12 hours. with jpmorgan, bank of america, citi results due out before the bell tomorrow. how are we set up, guy >> that's what the bulls now have to prove themselves, right? in the form of earnings. okay so the cpi i think -- if you're bearish it gave you something, if you're bullish it gave you something if you think the fed genius. everybody got a little bit of