bowl weekend if we take a look at the chart on mgm here, over the past two years, we've had a pretty spectacular drop, about $34 high in january last year to $6 it clawed back here this week to make a new 52-week high today. i'm lag for a potential breakout here above this $34 level that it put in back in january as a potential breakout level all the way up to the $38 level, the all-time highs if we zoom to a shorter-term chart the last six months, the stock has been range bound from 30 to 32, recently broken out above that range here this week. especially if you consider the fact that it's been coupled with very strong relative strength, relative to its sector, that's the type of relative strength i like to see going into an earnings event next week so if we shift our attention here to earnings, the market is currently applying a fairly sizable move here. 7.9% versus over the past eight quarters of only 5.5%. so the options market implying a sizable move, yet the implied volatilities here going out a little further in time is still relatively muted here. so for those reasons, i'm us

side of the business, that is expected to grow quite a bit here on super bowl weekend if we look at mgm here, we've had a pretty spectacular drop from about $34 high in january of last year down to just $6 claude, all the way back here this week to make a new 52-week high today i'm looking for a potential breakout here above this $34 level that it put in back in january. the $38 level is all time high if we zoom in to a shorter term chart, it's been range bound from 30 to 32 over the past couple of months and has recently broken out above that range here this week and especially if you consider the fact that it's been coupled with strong relative strength, relative to its sector, that's the type of relative strength that i like to see going through an earnings event here next week if we shipped our attention here to earnings, the mark is implying a fairly sizeable move here 7.9% versus the over the past eight quarters only 5.5% the implied volatilities here going further out in time is still relatively muted here. for those reasons i'm using a trade structure that allows me to take advantage

look at the chart of mgm here's an example of a reopening trade, wanting to experience the world againw highs. this stock seems very strong, and again they've gone another company that's done very well heading into earnings. >> mgm shares up 20% just this week thank you both >>> head over to trcnbc.com ty, over to you. >>> thanks, seema. the economy adding 49,000 jobs in january today president biden calling that recovery too slow and pushing for more stimulus. >> i know some in congress feel we have already done enough to deal with the crisis in the country. others think that things are getting better and we can't afford to get back and do little or do nothing at all that's not what i see. i see enormous pain in this country. >> up next, much more on jobs and the economy, when "power lunch" returns after this. some see a grilled cheese sandwich and ask, “why?” i see a new kitchen with a grill and ask, “why not?” i really need to start adding “less to cart” and “more to savings.” sitting on this couch so long made me want to make some changes... starting with this couch. yeah, i need a

interesting gambling initiatives and i'm a believer in gambling being bigger than people realize mgm is good to own here. let's go to gary in my home state of pennsylvania, gary? >> caller: hey, jim, thanks for everything you do. much appreciated. >> thank you. >> caller: let's talk about grmn garmin ipo 2,000. did very well. but they were stagnant for a bunch of years climbing to the 90s last thanksgiving. vently recently the stock rocketed to 130. the glass panel aveiation but competition with the fitness wearable technology. with boeing coming back strong, av avionics in demand. >> i like garmin not just because i'm a proud owner of a beautiful whaler but we did a piece why i said that garmin will keep going higher. thank you for calling in mario in connecticut, mario? >> caller: thanks so much. airbnb is up more than 45% and seems to go more consistent in the upward movement than the reopening stocks i've been interested in the stocks and ipo and do you think the upward moves are a reflection of the fund maments or reopening news? >> i'm a huge believer in brian chesky and i saw someone downgraded b

. >> coming up, rolling the dice on mgm how investors are betting on that name. and celebrating black history month. here'snbc contributor robert johnson on his defining career moment >> black entertainment television in 1991 became the first african-american company publicly traded on the new york stock exchange, and my team and i rang the bell, signifying that we were a publicly traded company, participating in the u.s. economy, the fact that we were first, the fact that we symbolized what black americans can do if given an opportunity was one of the proudest days of my life in business. this is how you become the best! [music: “ the best” by joe esposito] [music: “you're the best” by joe esposito] [triumphantly yells] [ding] don't get mad. get e*trade and take charge of your finances today. . >>> welcome back to "fast money. cannabis pot stocks soaring. almost 40% after striking a deal to distribute medical cannabis they expect to be profitable by 2022 grown thumb, cresco and curaleaf pot stocks are on fire, continue to be on fire. >> there's multiple dynamics at work we talked about them on the show th

talking about only a handful of apps really driving a lot of the action here you mentioned the barstool partnership with pan gaming, bet mgmings. there's only a handful of players doing it do consumers really have a choice >> actually, there's a slew of opportunities for them to pick and choose it's just that there's -- right now there's some very big names. there's some other smaller names trying to make a name. points bet has the partnership with nbc sports. they're intent on making a run for it bowie, formally twin river, they plan to give these guys competition. winn resorts has gotten into this and live in three states and has market access in eight or nine. we'll see what happens as they try to elbow out you would think the fanduel, draftkings, penn has just spent a fortune and a lot of time trying to make this barstool app easy and intuitive and available in pennsylvania and michigan so, to find complaints about it this early on, you know, i'm shr they thought the kinks were already worked out. >> contessa brewer on the betting mishaps ahead of the big game thank you very much. >>> tom brady is going to run out of f

which argues that a series of 1934 newsreels produced by mgm studios, which he screens for the audience were the first modern attack ads. here's a preview. 1934 the famous author upton sinclair who had written the jungle decades before but then wrote many other muckraking books and novels that made him one of the most famous authors in the world. decided to run for governor of california in the depths of the depression. switching his party allegiance from socialist to democrat at a time when fdr was popular. and lo and behold he inspired one of the greatest mass movements in the history of the country called end poverty in california or epic they published their own newspaper. they got two million circulation. they had hundreds of clubs around the country around the state and so forth. and amazingly he went on to win the democratic primary in a landslide. in august of 1934 and appeared headed for victory. so all the forces rate against him which included republicans conservative and moderate democrats and others businessmen big business hollywood, certainly um form together to defeat him at all costs and of course, my book goe

creates long-term sustainable customers, not those who flameout in fact, one more note here, the company that partners with mgmvideo gaming and esports for much the same reason. in the long reason it boost us the bottom line, helps forestall costly regulation from the government guys. >> that's so fascinating thank you for bringing that to us you know, with robinhood in particular, one of the things that it pioneered was this idea, and you touched upon this, of, you know, bringing these kind of animated emojis and different icons into various trading aspects. by doing away with those, would that solve some of the concerns that it's creating addictive behavior, or does it simply need more friction in the system to be able to trade >> the behavioral are addiction psychologist i talked to said there has never been an addictive lottery. why? because you have to wait for days to get the answer to whether you win or lose. he goes, but i could create an addictive lottery. they have, in keno, where if you are looking for that automatic input. so he says it's -- look, if you don't award free stock for signing up, surel

here. we see some movement in travel-related names mgm, for example, carnival in the top ten.back in a moment. labradoodles, cronuts, skorts. (it's a skirt... and shorts) the world loves a hybrid. so do businesses. so, today they're going hybrid with ibm. a hybrid cloud approach lets them use watson ai to modernize without rebuilding, and bring all their partners and customers together in one place. that's why businesses from retail to banking are going with a smarter hybrid cloud using the tools, platform and expertise of ibm. ♪♪ dad, i'm scared. ♪♪ it's only human to care for those we love. and also help light their way. ♪♪ it's why last year chevron invested billions of dollars to bring affordable, reliable, ever cleaner energy to america. ♪♪ hi, i'm a new customer and i want your best new smartphone deal. well i'm an existing customer and i'd like your best new smartphone deal. oh do ya? actually it's for both new and existing customers. i feel silly. but i do want the fastest 5g network. oh i want the fastest 5g network. are we actually doing this again? it's not complica

guy makes a lot of good points here we talked about the upgrade on draft kings, one of my issues with thinking ahead on a stock like that, the research with mgmdown for the last year or so and that has exacerbated riskier behaviors, whether you consider that in the stock market you can consider it in other types of behavior like drinking or gambling like this online for e sports and so i think as investors, we have to think through obviously there is this social and moral aspect of it but also the reopening play when everyone is getting out and travel and do other things and be in nature are they going to be continuing the same behavior? i'm not so convinced they will. >> i could bring my phone to nature my phone goes to nature. it works in nature let move on here citadel ceo was on "squawk box" saying how the reddit crowd should not be under estimated. >> i will say that it's unclear the power of the reddit community. that will play-off over time as we see them converge around securities, situations and the price impact as a community. the gamestop situation is incredibly unique it was such a shorted stock. there was real potential drivers f

discusses three mgm studios newsreels produced for the successful 1934 campaign to defeat democratic editorial candidate upton sinclair. >> i am from northeastern texas. my relatives migrated here and my father-in-law and some other relatives migrated here during the manhattan project back in 1943. i was a young man back home and 10, 11, 12 years old, and we would hear people talking about hanford. they worked on the hanford project. when i got out of high school in 1947, i was 16 years of age, and i ended up coming to hanford. i came into east pascoe first. >> tell us about -- you were a lord -- allured by the stories of your uncle. cj: they had worked out here and they came back home and they got much more money. the word got around pretty fast and people were going not only to -- not only out here, but they were going to california, houston, dallas, beginning to migrate to different places. >> did you go by yourself as a 16-year-old? cj: when i came out to washington, the first time, it was myself and two first cousins and two other people from the community. five of us. we lived over in east pascoe. in a little tent. it was eight or nine feet in diameter and 3.5 or four fee

mgm i know uses that deliberately and that's why this convergence between live and digital is so great >> brian sullivan, if i could jump in herery to bomb in on this i want to congrats on the deal and talk about something else, jim. because you're the head of the coronavirus public private task force in nevada and we just talked to somebody, a drug distributor. nevada used about 67% of its available shots. what can you guys, because these are, i know people look to the federal government, which has done some things but this is a state by state operation for the most part. what can you do in nevada to speed it up? do you think we need to use more of that already existing supply chain and the pharmacies because you've got a large elderly population and a lot of people that are out of work and want people to get back to vegas. >> so we started off slowly on vacci vaccinations, it's going to be a public/private partnership the private sector, mgm, caesar's, energy, nevada gold mines are all deploying their resources to help distribute the vaccine as rapidly and broadly as possible. so you're going to see a big spike of vaccination

discusses three mgm studios newsreels produced for the successful 1934 campaign to defeat democratic editorial candidate upton sinclair. >> i am from northeastern texas. my relatives migrated hereand my father-in-law and some other relatives migrated here during the manhattan project back in 1943. i was a young man back home and 10, 11, 12 years old, and we would hear people talking about hanford.

product line but these customers are sticky when they go to mgm resorts they s spend a lot of money there, so lucrative rewards could be at play herejim murren and play staadtio's found letter join me on the exchange. >> thank you, contessa brewer. >>ar mtha stewart officially expanding her cbd footprint. she joins us right after this break with her new product line. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today. flexshares etfs are built with advanced modeling. to fill portfolio gaps and target specific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. i'm made to move. but these days, i'm not getting out as much as i'd like to. that's why i take osteo bi-flex. it helps with occasional joint stiffness, whi

park mgm, and the mirage will all move back to full week operations the ceo says the decision's based on the decline in covid cases. >>> and there's good news, bad news, for jet blue flyers. here's the good, the company is getting rid of change fees, and the bad, the airline is adding new restrictions for basic fares. passengers buying those ultra discount tickets will no longer be able to bring on a carry on bag. the new rules go into effect in july. >>> on wall street, the dow up 90 today to another all time high the s&p down one the nasdaq down 82 i'm shepard smith on cnbc. it's the bottom of the hour, time for the top of the news round 2, of a brutal winter storm. more than 100 million americans in its path from the deep south to the northeast, and some areas still haven't recovered from the first storm. in texas, more than 2 million customers entering their third night without power, and still no concrete time line for when the power will come back on. >>> in kentucky, crews working to clear roads and repair outages. forecasters say heavy, wet snow is on top of the frozen power lines could make matters so much worse there. local coverage now, katherine collins reports for w

talks for a movie about the frenzy executives at mgm are planning to have one titled "the anti-social network skts we don't know how the third act resolves heree don't. and i know there will be alternative endings. i do feel that people like cop shows and they like hospital shows. they like fire shows they like the movies can this be an intellectual take that makes it so people get excited? you know what? i think that there's kind of an id logical rift in the country between rich and the poor. maybe they'll get a kick out of it will i watch it? maybe i'll be in it. i haven't decided yet. david, we are in some wacky world. you know, we're so used to being boring i guess we ought to take advantage of when we're exciting huh? >> i suppose i don't know yeah it's been an interesting time. listen, i still occasionally get a check, carl, from wall street two or three, i forget which one it was so if they want to make movies, i'm all in great. hopefully we can play our roles. >> well, david, you had such -- some very good roles in movies >> yes >>yes. >> were you margin call, david >> i think i was, yeah or arbitrage but, of course, the great was you

the company says its digital app bet mgm significantly increased market share will be in 20 markets by the year's end and liquidity in good shape domestically here2021 the stock right now as you can see down 3.3 in extended trading. call begins at 5:00. >> thank you. >>> up next on the show mike santoli is back taking a look at whether slipping investor adviser sentiment could be signaling a risk to the market signa key portfolio events,ket all in one place. because when it's decision time, you need decision tech. only from fidelity. want to save hundreds on your wireless bill? you need decision tech. with xfinity mobile you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer satisfaction. and get a new samsung galaxy starting at $17 a month. learn more at xfinitymobile.com or visit your local xfinity store today. >>> dow closed at a record high. other major averages pulled back back to mike santoli for a look at adviser sentiment >> the bullis