jeff mills, i'm completely focused on your final trade now. >> that's good to here hear we're talking vrks i viacom looks interesting here. it held $40 nicely 10 times forward earnings. worth a look. >> guy adami >> up know, the market was interesting today, clearly, i think it's important to shine a light through all different lenses what's been going on the last 6 to 9 months, hopefully we did that justice and through the lens we talked about, draftkings should have been down a lot more on the back of that hindenburg report and wasn't -- >> thanks for joining us on "fast money. don't go anywhere. . >>> 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 kra america, i'm just trying to make you a little money my job not just to entertain, teach, educate, call me, 1-800-743-cnbc or twee

. >> thank you very much, josh jeff mills jump in here on apple stock down five on the past six weeks you buy stock on this news that josh just rolled out. >> listen, i think the stocks reaction after the last earnings call tells the tale. i was on the show that evening and we were all gushing over the earnings, they couldn't have been any better and the share price is the arbiter and the valuation now is a little bit too high and apple has returned over 900% x dividends so maybe it continues to lag for a little while. i think ultimately if you're a long-term investor like we are in the stock, there is still plenty of long-term upside it might not be market outperforming upside at least for the near term. so we're not adding to the name but continuing to hold it. >> it is funny, karen, for years, when people argued that apple never gets the valuation respect that it deserves and it traded ten times forward earnings and now it is at 24 and jeff said that is too expensive. where is the sweet spot for apple? >> well, i guess that ten times was when it was a hardware company which is a di

reddit crowd where should you look for safer, steadier returns we'll put that to the panel with jeff mills and ron insona. good afternoon to both of you, gentlemen. ron, i'll kick off this conversation with you and put that very question to you since i know you have strong opinions of what we have seen in terms of the so-called meme stock mania. >> yeah. i heard the commentary from guests this morning that made me scream at the tv because the notion that the stock market is so fully democratized that the individuals have the same advantages as professional traders is bunk and the notion it won't end badly when monetary policy changes is ridiculous i can't tell you how many time over 37 years i heard this time is different democktization is great. planning for future financial needs but the stuff today is pure nonsense. it will end badly. it happened before 1999 the '60s with the mutual fund mania. 1929 isaac newton lost money in 1720. the fads, the manias, these panics all occur with a cyclical regularity and this is just another one. >> newton. you are really -- up come prepared for a loo

guy, tim, karen and jeff mills tonight on fast, amazon primed the company kicking offs it seventh annual prime day but will the company and other retailers deliver for investors and bitcoin goes bust, prices heading towards january lows as a crackdown in china hurts the market and spoiler alert, did steven spielberg deliver a major plot twist for the streaming space? what his new deal could mean in the race for original content. we start with a major rebound on wall street. the s&p rising nearly a percent and a half the dow notchings it best gain since march as markets try to recover from last week's losses as fed chair jay powell is ready to appear before the house tomorrow details from the testimony released in the last half-hour hi, ylan >> jay powell characterized the increase in inflation as notable but emphasized it appears to be transitory those comments are from the written testimony before the house coronavirus committee and said the jump in inflation was due to base effects, past increases in oil prices, a rebound in consumer spending and supply chain bottlenecks and made no me

the stock is obviously beaten up kudos to jeff mills who said you have to fade any rally, in general, correct the stock has a real chance to get back to high 380's close to 400. >> i like that guy mentioned dan will be mad but he goes ahead anyway because he doesn't really care that dan is mad at him. >> that's fine guy adami you said mills said to sell every rally one of my things listen we're going to contend with decelerating growth from here on out. the stock peaked six to eight months ago in the fall and down 45% now all of a sudden what do they guide to this post-pandemic period they said 50% revenue growth it's hard to go out and find $100 billion market cap with 50% expected sales growth so at 25 times sells is still expensive, 20 times next year, it's more reasonable, and the fact they are rolling out new products tells you they're focused on building the platform. >> there's a lot here, the phone dynamic is a big thing for folks. why are you smirking i don't get to see that at home. >> that's true i've been keeping my smirks to myself, under the cover of anonymity. think of

guy, tim, karen and jeff mills tonight on fast, amazon primed the company kicking offs it seventh annualds january lows as a crackdown in china hurts the market an