i think they will rue the day they did that, tim with regeneron, that went up, pulled back a bit, butluation. >> i like it, but the market has had a big move there back to gilead, some of these cases were building in the cancer drugs are very exciting, and i think people are just worried about the cash piles here, but those are the things you should by chasing. >>> coming up, smells like team spirit -- wait, we're talking c c carvana. what is brewing up in options like the decaf details when "fast money" returns (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'

. >>> time for today's three-stock lunch and we take a look at the week's biggest winners regeneron uptrial results and up 13% despite being one of the worst performers in the s&p 500 so far this year, but it's had a nice week, and finally caesar's entertainment, 12% gains this week as football season kicks off, so has betting. how should you trade the week's winners? for that we welcome tim seymour, cio at seymour asset management and a cnbc contributor it's been a while, tim good to see you, sir why tonight woe start with regeneron. what are your views? >> this news this week is massive. is it a gamechanger? i'm not sure and it's a positive and the question is for how much longer do they extend pricing on this high dosage drug that clearly data shows doctors and patients will want, but you've revalued the stock 23%, effectively 30% from when this news started to percolate in is that worth $30 billion in the valuation, which is more or less what we did to regeneron, which already i think had gotten pretty good news their oncology story, their pipeline looks better. this is a good run

regeneron is helping the nasdaq. tesla, nvidia, amd and meta having a good day.n "closing bell." see you tomorrow into "overtime" with scott. >> all right, sara, thank you very much. welcome, everybody, to "overtime. we were just getting started here at post 9 at the new york stock exchange and we want to get to our talk of the tape. that dire warning from star investor scott meinhard tweeting as we said, here it is, since 1960, pes have trended lower when inflation is higher with year over year core pce now at 4.6% and s&p 500 trading at 19 times, we should se

regeneron at the top of the s&p 500 watch announcing promising results from the trials of the eye drugya and it's used to treat eye disease related to old age or diabetes pushing the stock higher by 19.5% and regeneron and its partner hold the patent on the medication. as we told you at the top of the show, the world is mourning the death of britain's longest serving monarch. you're looking at a live picture in london where grieving people have been showing up with flowers and candles in london and scotland where the 96-year-old queen passed. we're going to get a quick break and get the latest on the developments of queen elizabeth ii. apple's new satellite connected iphone 14 may be able to save its owners in a critical emergency, but what it's going to do for the phones and what will they do for the stock of the biggest american company? tech guru dan ives here on that and breaking tesla headlines. closing bell 28 minutes away. dow is now up 121 and climbing.l ♪ y liz: we have breaking news live to buckingham palace in lop donn and now home to british monarch charles. he's the oldest

. ♪ ♪ >>> adapt gainers, check on the regeneron, on the heels of the good results morgan stanley saysn additional 20% up side, along with zscaler and docusign. we'll be right back. with xfinity internet, you get advanced security that helps protect you at home and on the go. you feel so safe, it's as if... i don't know... evander holyfield has your back. i wouldn't click on that. hey, thanks! we got a muffin for ed! all right! you don't need those calories. can we at least split it? nope. advanced security that helps protect your devices in and out of the home. i mean, can i have a bite? only from xfinity. nah. unbeatable internet. made to do anything so you can do anything. >>> the infrastructure laws, the chips act and the inflation rue ducks act authorize mock the most significant investments our country has ever made. i believe firmly they will help us achieve sustainable growth and move us toward a fairer and more resilient economy >> that was the treasury secretary highlighting key legislation yesterday, including the chips act, which the president signed into law exactly a mont

what would you be buying right now >> look, if you like momentums that are growth stocks, we love regeneronrget on the street. this is a stalwart in therapeutics their eye drug just showed it could probably have legs through the end of this decade, even with generics coming on board. if you like cheap stocks with good dividend yield in pharma, you should own gilead. i know they've had a tough seven years. a lot of people, including myself, have been wrong on picking when the stock would start working. we were at a medical conference in paris, france the oncology is doing well they have the hiv franchise, will have more competition through the end of the decade. they have the best yield in biopharma. i think depending on your likes and dislikes, you could have one or the other i would own both. >> some names for our viewers to check out. hartaj, thanks for joining us. >> thanks for having me. >>> still to come this morning, we'll talk about the ongoing bitcoin volatility, down 20% in the last two months. back below 19k today. >>> paypal is under pressure cut to neutral, price target 100. the

you know, one of our top picks coming into the year of the show was regeneron.ster worked well in the trials, protecting patients from vision problems accounted for 5.7 billion of revenue for the total and it's up 20% and investors have taken notice, and the other position we own is eli lilly, another strong performer as of late, and there's been a lot of positive developments in the trials of biogen as you've seen, the alzheimer's drug, and it's obviously something that afflicts a ton of people globally and all these stocks benefit from the investment and those spaces >> joe, when we did our stock summit many months ago you picked united health, and health care is your space you own abbvie today, cgen. >> i've been active there and sold recently, used the capital to go into cgen by ownership of merck on any pull back i'd like to own to. bristol myers i don't own it that's been working well got my eye on intuitive surgical right here and might take a position on that name. also keeping an eye on abbvie and i think a name that brin in the past and i apologize if

it's not so much tech, retail and healthcare at the top of the list where you see starbucks, ebay, regeneron best-performing s&p sector up 3% and only one of two sectors along with energy which are higher so far this year. apple's product event is just ending that stock is higher on the sessions we have a new iphone 14 which will start at $799 and a new series of watches. now to the bond market which is digesting the beige book and hawkish comments and rick santelli joins us from the windy city hi, rick >> hawkish comments, i think that would be news only if it was dovish comments especially since august 26th and that's where we'll start all of our charts let's look at august 26th two-year note yield and we can see it was raround the mid-230s and not so far from where it is today. the chart is mostly sideways and think about what the beige book said weaker growth, elevated, but lower pricing pressures. that seems to be what the markets are thinking especially since chairman powell's speech look at the ten-year and that's where all of the horsepower was from 3% it shot up close to 3.5 and eas

so names like regeneron, general mills, campbell soup, not very sexy stuff, but this is the year you want soup in your portfolio for lack of a better word. >> and names that you're short >> names to be avoiding would be names that are extremely cyclical names that are showing up in our short model as having poor fundamentals and are macro index such as names that have very cyclical profiles, greenbrier companies, boeing, signature bank that's a sample of names in general you want to avoid companies that are very cyclical, that have cyclical earnings and are going to be at risk during this global downturn. >> i want to go back to one of our earlier guests who said she didn't agree with the consensus view that 2023 correspondent earnings were going to grow 8% i hear you saying exactly the same thing we're going to go into an earnings recession and if you don't have rising profits, it's very hard for you to have rising stock prices. >> yeah, absolutely. i agree. there aren't too many investors that believe those numbers and so we're just beginning the downturn in earnings earnings expec

eli lilly and regeneron and bio again. we'll put that on the watch list.ith greatest earnings in revenue growth -- [audio issues] charles: don't force the issue. thank millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. ♪. charles: i don't need to tell you terrible year for stocks and bonds. when you look under the hood, folks, the damage far worse than you assume. look for instance at the advance-decline line. this is the lowest level of the year certainly, and lowest level going all the way back to september, october much last year. and there is little improvement right to new highs and new lows. again i t

regeneron, shares on pace for their best day in a decade only about 6% away on the flip side intel fallinglowest level since may of 2016 it is on pace for its fourth straight week of losses. that is the worst streak for intel in three years do not miss our interview tomorrow with pat gelsinger tomorrow on "squawk box. good for ohio. >>> still ahead, furniture, electronic signatures and even food on today's "earnings exchange." kroger expected to get a boost from gasoline. >>> shepard smith at cnbc global headquarters we interrupt to announce the royal palace has just informed great britain's queen elizabeth ii has died. the quiet woman who dedicated her life to service and duty, the only leader in place since the end of world war ii, the most photographed woman on the planet, died today in her summer home in balmoral, scotland she was 96 years old the queen had just celebrated her 70th anniversary on the throne as the longestserving monarch in history for months she experienced difficulty with mobility but sky news reports she had in recent weeks been seen in good form, picnicking with her

best month since 2000, after that promising data on its alzheimer's drug not the only one, though regeneron20% ely lilly up 8%. it just hit an all-time high two days ago every single one of these stocks are up 10 to 20% since january even in the worst markets, like jim says, there are bull markets somewhere. let's get a cnbc news update with tyler mathisen. >> brian, thank you very much. here's what's happening at this hour fresh video of the tragic damage in ft. myers beach severe damage to many homes, cars flipped over in parking lots governor desantis says that rescue crews have gone door-to-door to more than 3,000 homes in the hardest-hit areas in san diego, a sailor has been found not guilty of setting a fire, that destroyed a $1 billion navy warship brian maze was charged with arson that led to the massive blaze aboard the are shard g-7 foreign ministers are posing steeper costs on russia for annexing parts of ukraine. the nations also say that they will never recognize russia's claim to those ukrainian regions. >>> on the news with shep smith tonight, first cuba, then florida. now so

co-founder and executive chairman of tellurian whose stock went up more than any other stock other than regenerond this show 17 years ago. thank you, sir >> thank you >> "mad money" will be back after the break. >> announcer: coming up, you does big news come in a small package? cramer sits down with fedex. next if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. ♪♪ ♪♪ ♪♪ ♪♪ (♪ ♪) how do we demonstrate our unmovable strength? (eagle call) nope. how do we show that we'll stand tall through the storms? nah. (thunder) how do we make our clients feel secure and- ugh... not lions. (lion rumbles) we do it with our people. people who've been looking after people for over 170 years. >>> you know things are rough when fedex, one of my favorite companies, pulls their full-year forecast and also

regeneron pharmaceuticals just making the list.s because they are going up, indicating recession. the yield on the 10 year treasury, sorry the 10-year, 347 and the yield on the one-year, extraordinary, it's over 4%. how about that? how about the price of gold? we're at 1,667. it was supposed to be an inflation indicator. it's not. bitcoin, 19, 600. oil, where's that? $85 a barrel. nat gas, where's that? that is at eight bucks per million british thermal units. the average price for a gallon of gas is 3.69 down one cent you're still paying 4.97 for a gallon of diesel. there you go just dropped below five bucks. coming up president biden slam ming republicans for sending migrants to sanctuary cities. roll tape. >> republicans are playing politics with human beings, using them as props. what they're doing is simply wrong. it's unamerican. it's reckless. stuart: oh, right get this and the city of el paso run by a democrat. going to spend $2 million to bus migrants out of there, to d.c., mostly. and there's this. 90% of americans identi

regeneron, look at what we did for the pandemic, what we did for the pandemic was incredible. nobody's ever seen anything like it. >> now, more people died under biden than under me. >> then he goes, he says, i think it's going well. we're losing three hundred people a day or five hundred people a day. his statement the other day was terrible. about the pandemic. >> his statement about inflation was, you don't agree that the pandemic is over to do you have three hundred to five hundred people a day dying? so i would say it's not over. that's a lot of people. a lot more people died in twenty , twenty one and he inherited three vaccines and monoclonal antibodies, which i think was underutilized. absolutely. and i will say this. the vaccines are supposed to take anywhere from five to twelve years. and if you look at throughout the world, i would be willing to bet we save seventy five million people because in 1917, when you had a very serious virus, flu, as you know, one hundred million people died, probably ended world war one . >> a lot of people don't know. all the soldiers go

nasdaq, regeneron, unchanged and antigen down. not much movement to the upside today.s we may. ten year treasury, yield is going up, or it was, now it's starting to head south a bit. 3.26% is the ten year. price of gold, $17.22 per ounce. bitcoin just above $19,000 per coin, $19,143. price of oil, low 80s. $83 a barrel. nat gas, $7.97 and rising just a little. very volatile comity. average price of gallon of gas down one cent to $3.75. the cheapest gas in america is in texas, $3.21 for regular there. buckingham palace says doctors are concerned for queen elizabeth's health. members of the royal family gathering around her at her especially estate in scotland. >> cool your home and make sure that thermostat is above 78 degrees. still feels cool beyond words. i walked in at 78 degrees and felt like i needed a jacket. stu: i wonder if governor newsom read this morning's wall street journaling that takes his climate policy to pieces. we'll be back. ♪ stu: dow is up 100 and nasdaq down 64 and the treasury yield up about 15, 20 minutes ago and now it's moved a fraction lower

a nice two day again for regeneron. stuart: it is not absolute blindness.nt, however it is. stuart: thanks. the president is headed to ohio today. intel is breaking ground on a $20 billion semiconductor plan, leica victory lap like passing the chips act. queen elizabeth, a source of strength to her country throw out her life. >> remember it will be for us, the children of today, my sister is by my side and going to say good night to her. come on, margaret, good night, children, good night, and good luck to you all. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire bubbles bubbles so many bubbles! as an expedia member you earn points on your travels, and that's on top of your airline miles. so you can go and see... or taste or do absolutely nothing with all those bubbles. without ever wondering if you're getting the most out of your trip. because you are. pst. girl. you can do better. a