grasso, what do you make of this chart? >> yeah, i love the chart. this is something where i saw the same level, but i saw -- he sees it a littlebit higher tha me i see it as 150 is very likely, and if i broaden that out, obviously technicals are, once you get over a certain level, then it's more likely to go in that same direction. i definitely see 150 i could be wrong, but that's what i see and then the follow-up with that would be 180 and then 200, and then you're closing that gap from this most recent slide. but the feeling has gotten so consensus-negative, that i think the market's set up to hurt the most amount of people at the same time and that's what's going on with tesla. >> it feels like the fundamental story caps the stock move higher we're going to hear more about how those price cuts will impact margins, will impact profitability. it will be at a cost to some degree. >> i get the idea here that it is oversold. we could see a short term bounce here they're having demand issues right now, which i think is going to be longer term. we're ta

on goods, grasso >> yeah.s not a winning recipe you have to keep raising costs to cover your gaps or to make up your margins we're going into a slowdown. whether it is a deep soft or a hard slowdown, who knows what the reaegs bottoms out at. but the recipe for proctor does not seem like it is going to come out with anything great it was a darling right out of the pandemic and it seems to have lost the luster recently. i would stay away from the stock right now, . >> the commentary around the pricing is interesting consumers have working down the inventory within their own pantries and being more careful about using items like paper towels so people are conserving instead of guy using five paper towels, use one if you can. >> we're going somewhere else with that. i'm glad you decided not to -- >> it said paper towels and other paper products. >> it means they could no longer past their costs on and that is what we've been talking about for a while. prices will continue to rise volume sales will go down. at 23 t

already tackled tech, so what is the number one name outside of that sector that you are watching grasso, kick it off. >> caterpillar i'm looking for that infrastructure deal or bill they passed to actually start sprinkling some money in, that should be coming in the next couple of months caterpillar's chart is outrageous to the upside it's performed very well, but people are starting to bet against it now, and i think the money is just coming in. this is the wrong time to be betting against caterpillar. interested to so see what kind of commentary they've going forward. >> this is a new high, i believe. tim, where do you go >> you have to go to transport, to u.p.s., but also, where's pricing power? it's not fedex we're asking bottom up. we're asking top down from u.p.s. it should trade at a premium but pricing power is something we never questioned about these shippers in the last two years that's something i think we want to hear a lot more about i want to hear about ground and hear how much demand there is out there. >> guy, i know you used to work for u.p.s. in that brown what are yo

you know, what is it it was $80 and now it's $130. >> grasso, i know you're looking at it as well.in hindsight that seems to often that it was going to be longer lasting. it's closed that gap tro the earnings miss that it had where it traded down to the recent lows i cannot argue with any of the statements where you should sell it, because it bounced back this much i'm staying long i'm a longer-term investor, because it's been so beaten down, i'm willing to stay a bit longer. >>> coming up, what's on top our traders' minds this year they'll spell it out next in the acronyms reveals >>> and coinbase is breaking out. we have more after this quick break. tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. what if you

i posed this to grasso before. if the fed's rate hikes have lag effects, and we won't know necessarily, what is the stress test case? is it 5% for a year? and how do companies do and how earnings estimates at that point? how will we know >> it is going to be a show me story to some extent when we look historically, most of the times when we see earns fall, the downgrades are done by march or april we're really not going to know until we get to in next reporting season whether earnings are going to be surpassed in some instances. >> hey, lori, it's jeff mills. just a question a little bit about positioning. you mentioned small cap. maybe get into that a little bit more that's an interesting area is that view sort of predicated upon you want to be away from the top of the market, the mega cap tech, things of that nature? >> i think for me, if we think about the small cap part of the market, it was pretty clear to me at the june lows last year that they were pricing in a recession already. if you look at small versus

due tatty tried to discredit wrap. la grasso says he weaponized the philippines judicial system against her and her associates. the 59 year old has been battling a series of cases filed due to her vocal criticism of the former president. these charges, as you know, were politically motivated. they were incredible to us a brazen abuse of power and meant to stop journalists from doing their gems. he still faces 3 other criminal cases, including a cyber libel conviction, currently on appeal to which he could be sentenced to nearly 7 years in prison. before that case i spoke with our correspondent girl motus in jakarta. no, it's a certainly a step in the direction that this is a victory for the freedom of press, in general in the philippines. and that is what maria theresa has argued for a long time that this, these charges have been a politically motivated, is what she said. and so she called it a victory for truth. she says, rebelar is a 100 percent independent and 100 percent owned by of filipinos despite the fact that there is money coming in from outside. but her lawyer also made key t

due tatty tried to discredit wrap. la grasso says he weaponized the philippines judicial system against her and her associates. the 59 year old has been battling a series of cases filed due to her vocal criticism of the former president. these charges, as you know, were politically motivated. they were incredible to us a brazen abuse of power and meant to stop journalists from doing their jobs. he still faces 3 other criminal cases, including a cyber libel, conviction currently on appeal for which he could be sentenced to nearly 7 years in prison. we can now speak to our correspondent gag matters, who joins has from jakarta. so gay arg is this acquittal victory for freedom of the press in the philippines. i definitely say it's, it's a step in that direction. maria theresa has said all along that the charges were politically motivated and now the she has the official confirmation, at least that there are unfounded. she made clear once again, that's a rebelar is a 100 percent independent and a 100 percent in philippine hands. although they're getting money from abroad and her lawyers made

. >> she pulled a grasso she said both. i'll allow that. >> courtney. >> maybe that's it >> grasso? intel with a break above 30. buy. >> all right that does it for us on "fast money. what a fun show tonight. >> a lot of games. >> we have all sorts of stuff in the hour thanks for watching "fast. see you tomorrow at 5:00 "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'll cramer welcome to "mad money. welcome to cramerica other people want to make friends, i'm trying to help you make money my job is not just to entertain but educate and teach you about what's going on in these crazy times so-call me at 1-800-743-cnbc or tweet m me

. >> grasso? >> if there's going to be a price war, melissa, then the one company that wins is tesla they have -- to protect against any price war. they have efficiencies in manufacturing, they're building more plants. there's rumors of an ongoing conversation about a plant in --. this is going to be something where the conversation will go frt ev space to battery space. so if that's the way it's going to be, tesla's a winner in this market. >> you're saying, why? because these price cuts are really putting into, you know, a stone's throw -- the pricing on a ford competing vehicle it's making a lot of vehicles eligible for the federal tax credit so why the doubt over steve's claim? >> i feel as if tesla's had a lot of profitability that's come from ev credits and buying these credits and profitability that i think is challenging i think they have trouble making the three at a margin that works. i look at an f-150 it's nice you threw them in the ev camp because they're not. nobody's pricing ford as

grasso >> netflix, incredible pop off the 280 number 310 now. looking for 10% higher. >> tyler, thanks for joining us. >> i feel like i passed the ball, passed the hatchet. >> you're dishing the rock and you're doing a great job. >> guys, thanks so much. thank you for watching "st ney. don't go anywhere, because "options action" will come up right after this hello, world. or is it goodbye? you know, it seems like hope and trust are in short supply. [clap] now, as businesses we can blame and shame. or... [whistles] we can make a change. [clap] we can make work, work for our communities. create more equal opportunities. [clap] it's time for business to show its true worth. because it's not goodbye, world. it's hello, team earth. [clap] >>> welcome, everybody right now on "options action," a battle royale from the financials to energy to taking your money around the world, the long and short story for this year plus, dialing up trade in at&t action in this beaten up, once mighty tighten of telecon, the stock ringing high as we start 2023 later, sta

due tatty tried to discredit wrap. la grasso says he weaponized the philippines judicial system against her and her associates left the 59 year old has been battling a series of cases. filed you to have vocal criticism of the former president. these charges, as you know, were politically motivated. they were incredible to us a brazen abuse of power and meant to stop journalists from doing their jobs. she still faces 3 other criminal cases, including a cyber libel, conviction currently on appeal for which she could be sentenced to nearly 7 years in prison. so maria theresa and her media outlet aren't out of the legal woods just yet. here's what she told d. w about her victory in court, and the cases still left to fight. ah, the worst 7 criminal charges that i was facing on the when the marcus administration came in, they were all initiated under the tier to administration in less than 2 years. i posted bail 10 times, right? 10 arrest warrants. of course, this is the very 1st time since 2016 that we actually won a case on, you know, as you can read the decision, pretty ludicrous charges o

convention which forbid such an act if a person is left stateless as a result of the yeah, initially, grasso ukraine is signed up to this international convention they, despite this at the lens, he continues his efforts to crush his political opponents through political repressions and a legal criminal prosecution is up and yelling. it is a goal that he has set for himself and he's pushing towards it on his graph. the same goes for everything and i've not changed my views either under house arrest in ukraine, lethal her later, or in the custody of ukraine security services. while i was the 6 months the former will represent evelyn. so i continue to fight, i guess for that, and today i want to voice the opinion of a different ukraine. yup. of an opinion which some people are silent about. others are afraid to express that i want this voice to be heard loud and clear in russia that will read me in ukraine and in the west at the your cousin. there are people who represent different you crazy will carry not the ukraine run by band arrives of the world, the other ukraine, which has nothing in com

johnson controls are off from the all-time high, so this was more a valuation thing you know, steve grasso it's all full cycle here. >> isn't johnson & johnson the battle of the johnsons [ laughter ] >> well, there's a great story about that in cnbc lore. we'll share it another time. >> a whole other show. >>> tim? >> my acronyms is l.a.g.s. these are essentially companies that i think for various reasons were never participating in a post-pandemic rally. my "l" -- lyft this is a company that pre-pandemic had substantial problems i realize we certainly value companies differently. i still think be get to a bil billion. their problems are not the economy. their problems have been their own, and some of the dynamics. the "a" is airlines. and what we heardfrom delta -- i'm long lyft, long delta. if you listen to the airlines they're talking about profitability levels that are at pre-pandemic levels. i don't think that delta will run away with it here, but it never got the reopening trade. "g" is gold. it lagged at a time when inflation was in your face, why isn't gold rallying? there's reason

joining us is steve grasso, cnbc contributor. the story when it comes to salesforce the market is bullish on the prospects. isn't the story growth growth has been decelerating for years. and you have to look at the stock-based compensation that's a huge part of the profitability or lack of it. >> it should be, in theory, the growth prospects but the whole tech sector has been trading on how many layoffs have they announced? meta announces layoffs and the stocks reach higher. the market is trying to decide layoffs. other hand, gross markets. will the layoffs cut enough costs to move forward? if you look at the stock, go back to the chart on the stock that's where it balanced at the pandemic low that's a precarious spot to bounce people don't know about the fundamentals or the growth going forward. they're trading off of technicals they are looking for bottom feeders right now. >> you said fundamentals and salesforce may be doing its part in layoffs. but also in executive departures the people of wall street, some may argue those a

. >> grasso. and now time for something good. a flight attendant went above and beyond. >> for a nervous passenger on a flight from charlotte to new york. this picture right here already gone viral. it shows endeavor airlines flight attendant floyd dean-shannon sitting in the aisle next to a woman who has a fear of flying. he said he'd rather he stayed close to her for the entire flight explaining everything that was happening and putting her mind at ease. floyd says he'd be happy to help anyone who needs helping hand 30,000 feet in the air. that is so sweet. flight attendants are the best very cool. >> so how much would you pay for a cup of coffee? how about 150? >> bucs apparently. yeah. apparently. that's how much a coffee shop in portland, oregon. it's going to be charging for this coming up. not just any coffee. it's an award-winning brew from panama. are. yeah. panama called the jaguar geisha. it just won first place in the 2022. best of panama competition, which is one of the most prestigious coffee competitions in the wor