. >> 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

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-

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

. >> 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

. >> 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

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

. >> 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