we have had a problem with the shot steve grasso, what do you think?tion especially during younger set children which will enable families to travel? >> i can't think of anything negative to say about expedia. they are in a great spot because they have traditional vacations coming back and have the home rentals that they have an angle to benefit from as well. this is a reopening trade. this has been one of the names that people favor, investors favor in the space technically just afew more percentage points. we are at recent highs technically it looks good. fun fundamentally, it looks like it's performing. i would still be a buyer >> tim >> they blew away adjusted net the margins of this company are extraordinary. the rbo taking market share in the space from air bnb and other competitors also very aggressive the tail winds with where we are in reopening and international travel are exciting things it is the profile of this business that is a breakout of this stock that had done nothing for bm a year. >> do you agree it's a breakout, pete >> i would ag

let's go around the horn steve grasso >> apple they shocked a lot of investors.oking for new highs, a breakout >> karen >> if you go home long, same as on the close, target i think the mix will be better for target >> pete? >> i love that trade with target i am going to give you merck i love the things they are doing. i think they have more to the upside >> mike? >> even with rivian, ford will get a little more volatile, but it's >>> 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 a special west coast edition of "mad money. welcome to cramerica other people want to make friends. i'm just trying to help you make some money my job is not just to entertain but to teach so call me at 1-800-

. >> no one is worried, steve grasso look the other way what do you say? >> i was actually hoping i would be the only one to say i wasn't worried about it >> that's consensus. >> historically a very blownout high reading on consumer sentiment is indicative of actual recession when that peaks, you always have inflation in a follows to jeff's point, doesn't this help out with inflation concerns i would say yes. if you are worried about the market, don't be on this there are plenty of other things to be worried about with the market to bonawyn's point, there was too much money shoved down the consumers' throats during this pandemic so worry, i think it's probably too obvious to think my god, the market is going to fall out of bed now. counter intuitive. when it hits rock bottom, it actually signifies a boon in the economy that is coming >> a contrarian indicator. next week is a huge slate of retail earnings. which name should you bet on let's play a good old-fashioned game of shop it or drop it if a trader likes a stock they will shop it if not, they will dro

. >> so the translation i come away with is that the bond market is actually wrong steve grasso, would you be in that camp as well? >> never say the market is wrong. whenever you say investors got this wrong, you always are sort of barking up the wrong tree i think what the outcome that we have all seen to start to become familiar with is that positioning in the bond market has made it so that rates are going nowhere. what i mean by that is guys were short treasury, so they have to cover now. if they cover, that puts a lid onto the race scene. this has been a problem much we shouldn't be so perplexed. we are more like japan than we like to admit we are it's a global environment. once china comes back on the scene, it's very hard to have any sort of inflation because we ship it back and forth overseas. so i think -- kudos so tom lee i thought it was going to be cyclicals in value, but it will be everything going to year end and then some. >> positioning is offside. guy, that's why you are saying financials in theory the long end should go higher, the yield curve should steepen and be be

steve grasso, ceo of grasso global and cnbc contributor will give the trades today.g for? >> today rates are big here, but if you look at 2020, kelly, it was a massive year for paypal. you mentioned square as well those stocks are really seeing a bit of a hangover right now. both are negative to start -- or to -- year-to-date right now we are entering a period of tough comparisons. i have been talking to analysts this morning they say it may be double digit growth but nothing compared to what they saw in 2020. watch the take rate essentially, the percentage of the transactions of paypal gets to keep as revenue. that percentage has come down since 2019 estimates for today around 2%. so the question for analysts, can that offset a potential slowdown in revenue. revenues also big, analysts predicting lower revenue compared to the q2 levels and potential slow down in ecommerce. if you look at some of the web traffic to some of the partners there and just their ecommerce traffic in general, headwinds as well from the ebay spin off. you remember q2. dan schulman talked abo

steve grasso, why go in? what price did you get it at >> i bought a third of what i wanted to buy at market on the opening. i didn't get anything allocated nor did i ask. i thought about this in the last week or so and i thought with the ev explosion we are seeing, i thought there would be tremendous hype around this stock. i said last week on the show i thought it would trade to 100 on the first day of trading when it was priced at 57 to 72 then it went to 120. i think you will see this ebb and flow they talked about the original ipo price of $78 ultimately i think this will be a stock that will be two, three, four-hundred there is a difference between fundamental and stock price. the headway tesla made will make rivian's ascent that much more easy >> pete, you bought and did you sell >> i did not sell. i plan on holding it for a while. i got it at a discount from where it opened up even ford and gm, i think that is the direction we are going. my portfolio reflects that i have a lot of positions in ev stocks

. >> and steve grasso, what do you do when it comes to shopping to stuffing those stockings here with some retail names ahead of the that really big weekend that we still have coming for the shopping season? >> it does feel like we're a little overextended in the retail space, but i do agree with the rest of the guys that we can have at least a christmas season is probably going to be pretty strong. i think walmart and target are pretty interesting given what guy had said, the double top nature of a target right now it is either going to break down or break out i think they both look way too similar for me i probably would be a seller of both of them betting on them both breaking down actually. even though target is up 50% year-to-date, grossly outperforming walmart. on the other side of it, i'm in capri holdings based on valuation, cpri. i think that is the way i'm going to remain play and i think the stock is a double still from here >> wow, very interesting and why capri holdings every say a tapestry if you're looking at the premium market in the collection of brands, why is that o

that yes, mr. grasso. this i put another minute where i was in las element is more children, 2nd b to d of book or book who a known at gwinnett mass go and their mother valencia come when the rest of my truck and went race to the me. he called behavior this me let him go. sailors was because his 17 though the west that put him at that like len, this d now all went up as could leader going into a v. m a. either they separate his he, those abbey have either des moines this, that have been disc, richard, gal, you know, anything, those are sequestered but i'm not so sad. and then you can even order. gandhi, so if you smoke up inside in there you go, be a no. b, j then is inputs, is a a, a gentleman from when i look us up at the medical center on dr. mugs i madison drive, i mean voice message almost in your kitchen, publish a scenario. ah, i'm not sure. yeah. no sense at all. yeah, unless i'm gonna send my son away. when i'm able to question, who cdls i was with a bhaskar. yeah. must. i guess i want to thank ev

their best day since october of 2018 after better than expected results credit where credit is due grasso emblematic overall or a capri specific story? >> this is a high end retail specific story most do valuation on capri -- it's not a mall stock. it's a high end luxury stock when you do that, you get hermes capri is only 40% high end luxury so you have to get a blended multiple that should be around 19 times that brings the stock, in my opinion to around $95. when i power pitched it back when it was trading at 17, that's where i thought it was going. if you put the same multiple, $152 on the stock. i am staying in the name i trimmed on the way up but still holding a 30% position looking for that $152. >> karen >> i thought it was a good quarter. north america was good, europe was good asia wasn't, not surprisingly. that was the only weak spot. the whole premise is to create a luxury conglomerate and get a luxury multiple. they haven't gotten what luxury multiples get. versace was good jimmy chu is the weakest but not the snmallest of the three i am stayinglong i think that 19 -- i don't

catalysts including higher interest rates jpmorgan best of breed stock starting to break higher >> grassong to look for sonos to move higher i'm a holder product is on the shelf. sonos. >> pete? >> mel, we started off the show talking about some of the financials the xlf continues to see buyers. >> guy, you know what day it is tomorrow >> please tell me, mel >> it is hump day, the day before turkey day. there, i said it what's your final trade? >> gobble, gobble. >> you said it all show. pru, higher rates. >> thanks for watching "fast money. see you tomorrow, hump day, the day before turkey.y da "mad money" starts right now >>> my mission is simple, make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere. rein i and i promise to help you find it m mad money starts now >> welcome to cramer my job is not just to entertain but educate and teach you. call me. you can't always figure out what a stock is worth when is in free fall as so many tech stocks were today, the rest of the marke

. >> steve grasso. >> twitter, human nature is to sell it. to rally, going to bounce from here >> chairwoman? >> yes, so over the last year the oih and underlying comodties spread has moved around. it's near its absolute widest. >> guy >> you think the mets had to do sherza for their fan base? yes or no? >> had to, yes >> see that? it really is amazing amat semi equipment name sold off a little bit >> thanks for >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's a bull market summer i promise to help you find it. mad money starts now hey, i'm cramer. welcome to mad money i'm doing many best to try to mk you some money call me. they lost again.

good to have you with us karen finerman, steve grasso, mike kohn and pete >> the nex

russia knows what entanglements biden has china knows iran knows north korea probable knows chuck grassoia shrugged it off covered for this president got him elected never admit they were wrong they continue to cover for him the reporting i am hearing is that you have the great meeting cordial -- it accomplished nothing, and china i am sure just -- smiling, that they are now dealing with a very weak american administration. maria: senator i've got to ask you about the nomination process, for some of joe biden's picks. first of all, i got a reported in past many sources have told me that it is likely, that joe biden will not reappoint jay powell for the chairman of the federal reserve the progressives want lael brianard she is a favorite of elizabeth warren, that is one, the impact of having progressive at the chairman of the federal reserve, then, of course, there is the top banking regulatory position, job's pick for the top position in treasury last week said that the video was released she wants oil and coal companies to go bankrupt what is going on in terms of the nomination isn't it