the best informed investors choose interactive brokers ♪ ♪ >>> final trade time steve grasso >> cathiehe 50-day higher and gets to 30 some time soon. >> tim >> it's been defensive in this environment and jdx is the way to get gold. gdx. >> i would be a seller too >> it's been a busy week, mel. good thing i'll have your steady hand on the rudder and the till the entire week. >> i'm leaving town. >> what? >> next week on assignment, folks. >> thank for watching "fast money." >>> my mission is imple. to make you money. to level the playing field for all investors. i promise o help you. mad money starts now. >> hey, i am kramer. i am here to educate and teach you. covi

on the desk tonight we have steve grasso, guy adami, tim see your and karen. shares of dell jumping 21% just today, soaring past its previous record set way back in january of 2022. it wasn't the only name seeing strength this week. intel jumping 10% since monday making it the best performer in the dow. cisco up 4%. even ibm was higher. now up more than 20% of its lows of the year. is there wisdom we can gain from the performance of the elder statesman of the market? guy, i'm going to start with you. what do you make of the move? >> you say elder statesman and then you say, guy, i'm coming to you. that's okay. valuation matters. a lot of companies figured it out. look at oracle. all-time high, i think. off to the races. ibm, which is the i in the swift trade, producer sandy's acronym, that continues to work. you look at their quarter and say, they're starting to figure things out. the red hat acquisition is working. software doing well. valuation is reasonable. i think a lot of people are saying, listen, the road to the upside might be limited. a lot of names

steve grasso. >> rivian back above its 50-day moving average.at the trend today. terrible chart. i think the valuation's off. >> carter. >> >> double. going with tim's pfizer. also tlt playing for the bounce. >> bonawyn? >> great chart, structure

. >> all right, joining us for the hour to talk markets, apple, and a heck of a lot more is steve grasso, global and fast money trader. last time i saw you was on "fast money." good to be back together. >> who knee you would have a stott here? >> we have multiple offices around the globe, around the globe. >> you make it look so easy. >> as do you. let's talk about the sort of overall state of the market. september is doing what september often does. it seems a little choppy. the start of the first couple days of this trading week were negative. what do you see from now on out through the end of the year? >> i have been accused of being overly bullish sometimes, but i do pivot. so i pivot when i think there's a reason to pivot. and i still think that we're looking for higher markets going into year end. and when you look at september, people have said about seasonality, am i right? >> correct. >> seasonality happens 2020 september was terrible, 2022 was terrible. but when you look at it on aggregate, that has skewed the last five years. that's how they figure out seasonality, they take t

on the desk tonight, tim sey seymour, karen finerman, steve grasso and bonawyn iceson. the biggest stock in the world has also been the dow's biggest loser two days in a row. the slide starting after a report china will expand its iphone ban to state-owned companies. semis tied to apple feeling the heat. qualcomm down 7%. taiwan semi down more than 2%. is this just giving us a taste how big the impact of a china crackdown could be, and what other companies could face the wrath of beijing next? we have been saying this again and again, it is just up to china to decide how big the restrictions will be. >> and i think we have to be careful not to overstate what has happened here. >> too late. >> well, you're right. this is what happens in financial media. but the fact that you can't use your iphone at work doesn't mean you can't go out and buy an iphone and we're banning the company, and tim cook of all the major ceos and the biggest company in the world, has done a fantastic tight rope act here in trying to balance -- there's social issues, dynamics around the economics,