Nvidia & Walmart Trading At Record Highs, And Trump’s Admin Taking Shape 11/19/24
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supply super heavy booster at the launch .

tower as well.

Two.

one, welcome the fast money you're .

looking alive at space sex of star bays and Brown's will, texas elan must company, just launching its six test flight of its starship vehicle, is super heavy booster present elect trump among those in attendance, along with elan bus, a Morgan brand is monitoring the flight and as IT gets set to land, he will join us when he takes off right now back to the national market side in the heart of new york s italy chemosphere.

Here's what's on tap tonight to market heavy weight on our radar today, walmer surging to records after its latest earnings and in video, finding momentum as against ready for its report tomorrow. What you need to know about both those moves plus a biotech break down the health care stocks taking a hit on the president elect health department take, but is the cell off over done? I'll talk to one top analysts and later netflix and partial.

Can anything solve the streams? Red hot run? One of our traders gives their pic for a clean trump trade. And could kim hardi and her, her new friend, break the internet?

I'm a little economy studios and like on the destination, tim more Carry finance deco and lorc alva had A U equity strategy at R. B. C.

Welcome to Lorry. We begin with two big stories tonight. Walmart ding a fresh all time high after raising sales forecasts for the full year on strength outside the growth.

Y real, we'll get more on that in just a moment. But first in video of shares popping nearly five percent and closing just three dollars shy of its own record. The move comes ahead of its earning report tomorrow night, shares, or seventeen percent since its last report. Should we expect more gains for the AI darling wall street certainly expect more gains are been hiking the Price target hiking going into this number.

And I I like we have a for popular dog. We follow this this. We've been trained to expect this for the question is how big of a beat can has been saying that we know it's gonna a beat. I just get back to where look at the multiple, the stock and where the growth is and where the growth is at least very comfortably to me. Until the end of twenty six, everything we ve got out of hyper scales, everything we know about capex s, everything we have heard company reassurance.

And unless the company, who I think at times has been overly conservative, if you think about what they've been telling us each time, why wouldn't you believe that when they talk about production issues, when you think about where GPU capacity is, ultimately where there is a constraint, where you think about um both in consumption and and where we are terms of building out power and data in this country. I'm gona just hold my nose and say I I think the stocks is gonna OK tomorrow. I don't expect IT doesn't need to rally ten percent in these to hold these levels.

What which says expect another drop in my quarter. That's quite a set up grossa.

Yeah IT sounds like IT set up and a little too, I bar, I would say, for them. And eventually, it's going to not have a great earning cycle. But if you think about IT, who are there top five clients and I bet eighty percent of those top five or eight clients are making their own ships.

You have now a delay on top of a delay. You have an overheating of the black world chip. You have there's a lot of headwinds that probably can be penetrated. They have eighty five percent market, which are still, but it's theirs to lose. So I don't feel comfortable buying in here to stay static on that.

There have been some doubts about black well and whether not we're going to see some slippage in the quarter in terms whether or be production delays or overheating concerns.

things like that. Tim talked about that. That's not a problem in that it's the demand that's a problem. If there's a problem, which I don't think there will be, but at the bar getting higher, I would a sort of prefer to have been lower. So on today's drank, I sold some upside calls. Use the money vice and downside puts just because of the way the sky is that people are far more bullish than barish. So you can get to put .

much closer to .

money than.

Better tomorrow. I think I went out .

a little worse than where I had followed down into the trade and .

that so that you know he when the bar goes up but I do still think um we're in early ish inx, not that there couldn't be some sort of pickup.

but it's only up two hundred percent for the year, but a lot right?

That's nothing. I mean, I know the story is still very much intact. I don't know what is up being the right valuation. But um even without option I on going into this right.

how important is this for the overall markets?

Very important. I think it's very important. And look like I think a lot of other people, you know, recently i've been sort of inclined to look for the broadening trade and faded some of these big names. I will say with these big names I am trying to look through, anyone earns print um what I am generally seen in my data is that even though the value trade kind of fights back, that the mega cap growth names keep coming back and showing their earning dominance. And what I started get questions on stagflation recently as people have sort of been debating this inflation coming back, we're starting to get some concern that the first is not onna cut quite as much tarifa sea and these macapp growth names, you know, go to secular growth when cyclical growth gets stuck. And so I can see sort of the MC roll is .

coming back to the city, comes back into play, the these larger company.

I think so if you think you know where we're sort of looking at interest rate pressure, inflation coming back, typically when GDP is sort of swishing, so not negative, but below two percent, that's when growth and large cap tended out perform. So macro o tailwinds could be returning to these despite the fact or the crowded positioned in the valuation don't look great.

We have to take the growth, not just in terms of the revenue and the addressable market that we all know going on both in in their court in the but also their core GPU. But think about this was a company that made thirty nine cents a share in twenty two. So the final full year number is thirty nine cents.

They're expected to grow at five boxes share and twenty seven. So the profitability of this company is not only up more than you know what is that fourteen fold, fifteen fold. But it's a dynamic where I think we get the sense that they're ability to hold margin for the next few years is there.

That's why when I looked to the out year and I see at thirty times multiple and and I look at a relative to the peers, peers within that semi group, I mean, you're gone to own semis, which one you're going to own? I mean, really, I mean, I think a lot of other boats have been pulled up by this tide. And I wouldn't be I certaine wouldn't be chasing some of the ones that we we question whether second or third place, and we know who's not even a third place anymore.

That begins the ticker begins with the night. So I just I like the earnings story. I like the I like the multiple, but I like the margin story to be something that can hold your relative to the peers.

incremental dollars this point, Karen, to in video or to add l deal.

I think yes, just I mean the valuation difference so big, although clearly they are very coated.

All right, here you go back to a breaking news. You mentioned at the top the r space sex attempting a sixth test launch of its prototype starship vehicle, space CEO. Elan musk has been joined by present elections.

Ald trump. Morgan, burnin is with us now a rocket get set to land right now. Morgan.

i'm lisa. That's right. So this is the sixth test light of starship. And what you're seeing on your screen right now is that super heavy booster um which is part of what makes the starship uh system the most powerful rocket system to ever fly. Uh coming back to land um at starts in south texas and with on your screen right now is is the starship vehicle which to do this the orbital flight um and it's going to test some different manuvers es is going to test director engineers face um and do some other experiments before lands in the indian notion not to on your screen right now but the other piece of this uh and very signature of space ex is this testing of reusable way so for the super heavy booster is her um uh we are looking for a landing there. I don't sit on the screen um but uh that is was the key part uh of this test as well um so of course if you mention president like trump is on site in star base, uh for all of this would really signals have incoming and there he is see him on the screen with with much and actually that is general chat soft men who had uh the space force side of president trumps as well um the s space force they are inside to really signals what the fittest policy um push is potentially going to be under this incoming administration. Um the fact that there is uh an expectation that national security from the face standpoint is going to ramp, that the optimist lunar program is now going to rap to bring us not back to the moon and that a potentially we see a plan to uh go to mars within this next four year term to so that is start on your screen right now and IT looks like i'm doing this in real time but trying to assess here uh the landing um of the booster um but I will if you want to come back in the end of the moment i'm gonna listen in yeah IT looks like something landed in the water .

would have been the super heavy booster that would slash hed down in the ocean. Presumably Morgan um but yes, it's a difficult thing to decide for a real time as the shots keep eps switching back and forth presumably ly Morgan though I mean given that elon mosques is so within Donald trumps orbit, if you will, the space x will benefit and could increase its government contracts .

potentially. I think you're going to see that happen with all of commercial space um as space policy is expected you know sort of and that and by the way, that particular and national security side, but that is the process been going on through a number of administration. Now I does look like, to your point yet, the super heavy bus is flashed down in the ocean.

So this was not a successful catch by those medal chopstick at, at, but at mind. This is the test light. This is the sixth test light.

And what mask and space you're doing with starship is basically unheard of. So this is a vehicle that is very, very powerful and designed to be fully reusable, which is the holy grail of face flight. Nobody y's been able to do that before.

And when you see these attempts at landing, no one else is doing these types of attempts at landings with rockets. We obviously know the felt and heavy does does them regularly. Um we know, I mean, if I can nine as well as if I had heavy um so doesn't look like that car was successful. But now you ve got to watch starship itself and see how those tests, uh, in space go from here. But all of this is part of that interactive process that based back he goes to as IT does design .

vehicles alright, more than thank you, Morgan. Britain, let's get to walmart now. Shares ripping into another all time high today, the retailer lifting full year revenue guidance after being top and bottom line estimates in the slater quarter, one more seeing gains and directionally spending and home deliveries.

And he even saw a bun from holiday shopping for more and walmart strength let's spring and bill Simon, the former walmart u CEO. He is now on the board of darden restaurants. Feel great to see you again .

how you i'm good .

by all accounts, as is a strong quarter across the board. And what was interesting was the continued gains in the higher income household. I remember you saying way back when that those gains might be difficult to hold onto as the economy improves, as shoppers return to their Normal habits. Could that be different this time around?

You write I mean historical, you know they keep a percentage of those those customers, they gained the high income customers, but the vast majority of sort of migrate back to to service and and you know it's kind of the a premium product when when the economy allows to. So the fact that they're sticking now sort of suggest one of two things, one that they're not ready to move back yet or two, that walmart got a good shot at them and keep them happy. And that would be, uh, beautiful, real monumental positive change for that would be the case.

bill. It's current, thanks to be on today. So furthering that point, you the the e commer cells were really strong and I didn't see the day you would know the data. Take a guess of how much of those e commerce es are from that wealthy eer shop, which I think might be sticker once you sort of are used to doing IT and you know maybe replaces amazon or you do alongside, do you have a sense of how that shopper figures into e commerce?

Yeah, read through the report. I didn't didn't give you that data point specifically, but I didn't say that, uh, much of their gains in any commerce war from an improvement of of the home grocery home delivery business that that's that's debate what whether it's going to be the higher customer, not amy. The is primarily a Price driven customer, but so many more of their customers, as they indicated to the reporter, paying uh, extra money for premium delivery service, which would support the point that a higher and consumers are behind more online from walmart and and maybe maybe providing the amazon with a little digital competitors.

T one of the reasons why we love to have you on is because one might think that you would be biased to walmart, always preferring wall mart over target, but that has not been the case.

And so i'm wondering when you think about walmart valuation and you think about historic PS, do you say wl mart is much more expensive than the husband stories, ally? Or do you say, you know, walmart isn't a different business model now? It's got warmer plus it's got subscription revenue, is got advertising revenue, is got A D T C.

business. And so therefore, the valuation should be higher. We have to rerate walls mart and stuff comparing IT to the historic PS.

I think they're right. I really like if you just evaluate them as a retailer or there is no reason that the valuation that their holding currently would would apply. Um you know the fact they mentioned again in their report probably the third, fourth time that they're approaching profitability on their e commerce business, which makes they are still not profitable.

And so they're been pumping money， capital habet Operating loss into this business or go on ten plus years now. And maybe they are starting to see some of that impact in evaluations of a digital company that is a business are substantially hired in the physical businesses because if you compare category by category, walmart's physical retail performance to target, they are not dramatically different. Um there in fact, they are really quite similar.

The differences in in the result are walmart has a much more substantial digital business and has a much a larger food business than target, which is growing at a higher rate. And target when they when they did their deal with cbs a few years ago, kind of really uh got out of the um the the pharmacy business, so to speak. So those three categories are providing substantial growth and value to walmart now and .

targets lagging. Hey, bills, tim. So but that kind of where I wanted to go with this because that leg and target seems like an opportunity to me. I mean, ultimately, what we're seeing from big box is an opportunity to rerate. We're seeing I mean, target hasn't had the ability and they shouldn't have to made the same investments a in dtc and digital, but theyve made many.

And to the extent that we're looking at a multiple for a target, that kind of is historic as an in line with history fifteen times forward, maybe maybe you typically traded twelve, thirteen, but ultimately, this is a stock to still, I think, has been approved me story. And so get back to your bulge target view in a relative value. I want you to to wait and again then at this point because I I feel like wallman t is pulling everybody up, even though walmart is the wanted to have the class.

I love our targets of great company. They always have been when I was competing against, and they were great. Brian cornell over there, do not really to rip c job in a difficult circumstance. Over the last couple of years, one of the most optimistic things in the thing i'm going to be looking forward to at their earnings are released tomorrow is at a walmart.

And by the way, sams club reported for the first time, I think, in eleven quarters some boy and see in the general merchandise side of the business and target IT has traditionally dominated that segment. They provide they provide a Better quality product. Their margins are Better, uh, IT, just in general.

And that business has been so tough all across the retail landscape. If we're starting to see a rebound of these directionally general merchandise ed categories and we see that in targets business tomorrow, that we will know it's really, really brought in its application across the market. If target doesn't deliver that tomorrow. And we and and we you know we need to see what we seen from walmart, then I would say walmart really in a cell from target, but I believe that you're going to see target grow shows some general merchandise growth. And I do think that, that makes means them a relative opportunity in the market.

So one word answer, bill, would you rather a walmart or target had .

such a loaded question today? I mean, on the heels of those results from warm mart, it's art. There's literally nothing not know that you could dislike in that except maybe some of the inventory thing, which I I thought was negative inventory there are so good and they're so well value and they are doing so well. I have to go with target because I think there's a bigger opportunity there right now.

Very good, bill. Thank you. Always great to see you. Simon, go the same .

question to you to walmart.

Our target target .

is up ten percent for the year, and walmart up sixty five percent. The catchup trade is going to be target. Obviously, wall mart is the one that you put at, what A P to say, put IT in your socks or put in your top tra.

put IT.

whatever your forever trade targets probably catch up.

It's interesting to me that Normally walmart report earnings and target sort of follows along the stock. Us today actually target closed down. So it's that maybe that question to bill socky out of, are they warmer keeking that customer right from target? But oh my god, the valuation this is now is so wide that IT sort of makes me .

feel like a target.

I my answer didn't keep you and I ll make down on my no pad next time I keep into IT. But just quickly, Lorry, does well more tell you about the health of the this sort of an outlier because it's such a good execute.

IT feels like an outlier to me. I mean, we had other retailers that reported and didn't sea in a sort of the same spectacular resilience.

And I think as i'm sort of going through some of these today, i'm just wondering when and if we get terabits, how our companies going to be able to navigate through those and what does that do to the health of the consumer then, right, does IT keep these consumers that have migrated, you know, to these places? Were the cost the Prices are going to be lower? Or do they just stop spending all together? And I think that's kind of the big question on my mind, doesn't ensure. Would you rather question but IT does sort of make me think about the next part of the story. And I don't know that we got a lot of color on that today coming .

up taxing issues, the headlines that had tax prep companies into IT in a of block thinking today and what that could mean for you on April fifteen. But first for body antipho socks is health secretary pic arpaia during your advocates, some big changes to big food, the proposals he's looking to make and the names getting crush can go anywhere fast when he's back to you.

Experience the power of C, N, B, C prose. Best deal of the year. Track your portfolio from every angle on one optimizing. I welcome .

back to fast money netflix sitting yet another all time high today. As the company said, one hundred eight million people worldwide watch friday night night mike ties and jake pod main there should peaked at sixty five million concurrent streams globally may hit the most streamed sporting event ever. wow.

And look at that stock. Despite the technical glitches, Karen n, despite the concerns of this, will play also the nfl games on Christmas. Yes, doesn't care.

IT doesn't care. IT was down briefly the day after the talk of the technical issues and that the fight itself wasn't particularly the undercard with the women. I never watch women's boxing.

I have to that was kind of crazy. But i'm long netflix. I saw some calls against IT, which turned out to be a terrible sale.

Um I really the valuation is very stretch, but I love their competitive position. It's so good. I mean, if even with the streaming issues and it's not being great, this is the response. I mean, this is something powerful live sports for that more entertainment is IT out that .

IT was more entertainment. Theyve also got the extra booster of a very strong content late h towards the end of the year, they got squid games too. I know that your favorite tims.

I all about squid. And I think the fact that we just set some records, whether we're calling a sporting event or not, that shows you the power of the platform and where that platform can drop people in.

And and we haven't even begun to scratch the surface of what can do, but we've just begun and we earn well into is is the casual generation ability of this company in the fact that they're onna earn thirty box to share by the end of next year, which is five times what disney is going to do. And I realized its apples to oranges at some point right now. The margin on that business, they're doing IT at higher margin than everybody else.

As the top line grows, the profitability grows. Some point, they are going to start giving money back to people. They don't need the same content investment. They don't need that the same investment in their infrastructure. And I think it's actually going .

to be a little play and the adhere expected to be the primary revenue generator by twenty six.

That's huge. You know, the biggest taking way for me. They didn't charge you for the fight.

Remember when we were growing up, you had to pay sixty box seven what I was, ninety seconds of a time fight, when speaks and this one, everyone's cord cutting. This is becoming your cable. You don't need anything else.

So you have if they if they put IT in now local news, they have live sports, they have streaming, they have everything. They have the ability to raise Prices yet again. It's very hard to sell a stock with that type of a launching pad. Meantime.

present electro trumps pick for health secretary could have a big impact on the food industry and number those stocks, setting fifty two week lows. Today, Robert f. Kennedy, junior has proposed restrictions on additives like artificial dies and high fractus corn serb.

He has also opposed sugary drinks being included in school lunches and food stand plans bursting. Analysts now listing a host of companies that use food die in their products, from chaos es and general mills serials to craft hines and hersey snack food. So IT, the makers like pepsi and coke also coming under some pressure.

The socks all down since the R F K junior announcement last week. And what's interesting Lorry to me is that this has long been a sample sector. IT is the reliable sector here. IT is being under assault.

yeah. And look, I think this is a sector broadly in an industry in particular that's just had a lot of problems. And it's been cheap on my model for quite some time.

At some point, staples got down to two standard deviations relative to the p. And I ve been staying very close to my food analytic mode on this one. And he's been very negative on the fundamental.

And I think theyve just been completely, you know, sort of out of sink with what's going on in this country in terms of pricing, just really, really toned off in terms of continuing just jammed pricing down. Um and you this is just the latest thing to come in and hit IT. So it's it's a cheap sector um but but I think it's cheap for a reason, and I think this just adds to uncertainty in a place that has been pretty .

difficult to loris point, general mdls peaked in september. It's long way away from the election. So they had a host of problems prior to r fk.

And if we're going to the european model, there's a lot of things that could be solved in the united states that aren't sold of the same ingredients in europe. So this is not army giant, but they've had a world of problems already way before the election. But way I just if .

we're going to the eupeptic del, isn't that a model with a lot more government, a lot more intrusion? And so I mean, i've just going to point out some iron in some of this. I mean, if people want sugary snacks, let much sugar y stacks, I mean, they're going to sell.

They're not going to sell. Is my view on this. Meanwhile, stales reality, thirty percent in the september. So that XP, I think glory's right. And I think also they had a period two years go, which is again, one of generation things could never get so good for these companies that could pass on Price increases and inflation and and then another run to fresh all time highs. I was just from the charts perspective, I think you can stay clear a little bit and valuations don't want.

but really quick because is not about is not about just sugar, right? Or I am misunderstanding, it's about different types of chemical .

people choosing sugar, sugar in terms of what snap money, what food stand money is able to purchase. One of the proposals is not being able to use snap government money .

to purchase sugar.

But ultimately, IT is a tax pair who shoulders the cost of those health problems that are engendered by eating sugar y snacks and things like that, right? Salty things.

Yes, I, which is why.

you know, the G L P drugs, you know, are making their big argument to congress on everybody else that we're actually doing health service and were put in money back in people's pockets by keeping put people healthy. I just pointing out again, we're trying to make government smaller. And I know I hear about people the same. We're going to get not only into your bedroom, we're going to get into into your frigging or and I just became more political .

than I want to be. A lot of my .

first one to come. Our goal is to empower you to be a Better.

good James teachings. I was able to learn and become financially .

independent in my regime at cnc to lash club friday, terms of restrictions, supply.

Welcome back to fast money shares of into IT and national or blocks slumming today on a washington post report that the department of government efficiency initiative ek dos LED by elan musk vivek oma swami could try to create a mobile APP americans could file their taxes directly with the IOS for free.

The irs already has a free file program created on the inflation reduction act, but it's currently limited to users annual income and seventy nine thousand dollars or less. The doge version would reportedly be open to more files. Most interesting about these two socks, as they actually ran up into the election thinking that there look for ways to cut. And so the irs would no longer have money to look for more tax tools. And so they would have an advantage, but reverses.

I know that I actually that made sense to me. Yeah idea. I mean, well, I was not aware that seven, nine thousand or less there is.

I didn't realize that mean neither, but I don't know. I feel like some of these things they respond. So so the ibb being a perfect example, right?

H could be a lot of things that wouldn't be good for the ibb, but maybe the reaction is overdone. We really don't know what actually going to. So I would, if I would long into IT, I think I would not sell today.

I guess the thing that confuses me about this, I thought this was supposed to be a panel that was going to save the government money. And number, number two, right, if there's a way to sort of make people mad, right, it's messing up their taxes. So I think i'll be interested to see this. But you know, generally, one thing that's been coming up in my conversations on this government efficiency panel is what role does software have to play and that going forward. And I would say this just was not what I expected to see you just in term, the sort of tech contribution right coming .

a present elections ald trump's cabinet continuing to take shape. How is picks for commerce and health secretaries could impact the markets and the potential disruptions to the financial biotech sectors ahead. First one is back into welcome back to fast money stocks, shocking off geopolitical tensions and reversing course from this morning cell off that following one hundred twenty points now on a four day losing street, the S M.

P, up for tens of percent and the aza c. Jumping one percent, and the post election crypto surge continues. Bitcoin hating another fresh record high into this session, briefly touching the ninety four thousand dollar level president to elect trump in time choose in counterfeit sales o. Howard lottie to lead the commerce department said to be a key player the administrations trade and terrible agenda. Megan cassella joins us with a very latest Megan.

hey, miles, that's right. One more name becoming official today for this cabinet with that selection of latta c to lead the commerce department.

But a lot of questions here about how the trade authorities in this administration will be structured because in making that announcement, trip issued a fairly vaguely worded statement saying that in addition to commerce, secretary lutnick would also have additional direct responsibility overseeing the office of the us. Trade representative. That would be a shift for the us.

R traditionally has been cabinet level on a zone and house within the White house. Some more questions than answers there about exactly how that trade authority will be structured. But this does take lesniak out of the running for treasury secretary, the one we've been watching most closely this week. Still four names left in the mix for that position, all familiar names at this point.

And of all of them that you can see there on your screen, I will say that tennessee senator bill hagerty is, with the present election right now at that space ex launched in texas, having spent a lot of time to with the president, a chance for a lot of face time and perhaps an extended audition for that treasury slot. And and just one last, when the lesson just in the last hour, we did hear that trump has has tapped celebrity doctor and TV personality me met oz to lead his centers of medicare and medicare. That would put him within the department of health and human services and reporting up to R, F, K, junior if both men are confirmed. So clearly, a lot of moving pieces here and a lot of action down here in west palm beach of president trump continues to move at a pretty rapid pace to fill out his cabinet.

Millia, all right, meghan. Thank you, meghan. Cassella not to the impact of another trump. Nomi, the I B, B biotech T, F, down over seven percent since the present, like tap.

Robert of Kennedy junior to lead the department of health and human services last thursday. But IT might not be all bad news for healthcare investors, bmo analyst said, with a note on friday writing they are more confident. Trump l pic and fda commissioner, where they caught robust medical background and ties of the industry given arf case lack of medical credentials.

Evan David s. Seeger men is behind that forecasts. He joins us now even great to have you with us um that net because health human services is not ever not only overseas the fda but also the cdc and I H when IT comes to the research grants center. I mean, net net overall, is the impact on the sector negative or neutral? Know I think that well.

we don't know a lot, right. I think arf case probably not the best for the sector. I've gotten a lot of investor questions on the impact of the age.

Fda is still a question. Of course. Now we know that actor OS had in up cms. You know, he could be in control of things like I R A Price negotiation, which as we all know, has not been great for the sector. So I think there is still going to be some pressure. I do want to see who the fda commissioner's because that is what's most critical for the names that I follow.

But you believe that the fda will eventually be headed by a doctor, somebody who is grounded in science. And are you confident I am you're telling clients that what this is overdone because we believe that this will happen. That seems like a big risk in this administrate, this incoming administration and the interesting picks they have that one so far for sure.

What doctor is is a doctor he was um know on staff at effective of a columbia. You know, I think IT is going to really important to have someone who understands the ins and outs of drug approvals. I think if rk looked at in nda packages a thousand pages, it's really complex.

Clearly, there could be some pressure on some know components of drug approvals and what not, but still, I think that no, trump will likely come through. And now he did pick someone like god otley in the past, who was instrumental in the whole Operation, warp speed, which was one of trumps kind of signature moves at the end of his presidency. He got us the coffee vaccines very, very quickly. So I think you might want to continue running off of that.

Are there valid cellos within your sector? Do you believe the vaccine makers, for instance, are those cellos warranted?

I don't think that they're warranted. I think that there's a really buying an opportunity of someone like fisa right now. The yield is a almost seven percent, which is huge for the farmers space.

I think that know names like mark have also seen weakness. There's concerns around tara sel in their vaccine business, but tara sel concerns are not just in the united states. So I would say this is a bian opportunity. Clearly a bit of suspended animation until we get more clarity? Or does ark actually get the not in confirmation who has a fda and of course, doctor z has to be confirmed as well .

if it's current. Thanks for being on back vaccines for minute. How about majoring a, which has been just the absolute, the worst of the bunch. How do you think about the stock here?

So I don't cover modern, but I can talk about a kind of in broad strokes of the cover VC business. I think cover is for five years out of the pandemic is more of a stable business for someone like fighter. It's not the financial driver.

Although IT is a decent part of their um go forward revenue base. You know I think maDonna know from what I understand, their partner with mark on some cancer vx personalized cancer vaccines, which could be very interesting, could be very important for the company. But again, um you know the fact that we're kind of beyond COVID phase, we're all done from that. I think that it's probably know you want to look elsewhere in the sector.

What do you make of the cellos that we've seen in the G L P Y onex kers, lily in particular, but novo also given we are expected to a read out of cargos ma by the end of the year, which could really moved the sac.

I was waiting for the G L P one question. So lily, lily had a rough three q. They were highlighted in some demand issues, which I think spooked investors. So they really need to come around, pull out a good four queue. Of course, we don't get that till late january, early february in terms of nova.

Notice similar boat, they had a rougher on three who you actually beat, but they had some concerning kind of quality of guidance around twenty twenty five in terms of krassimir, the companies is highlighted twenty five percent weight loss bar. And we want to see africa in my via ly, similar to what you see are traceback tide that could help them remain competitive. I think this is a bigger catalyst for investors kind of trying to play the name. It's going to be used in a more limited group of patients because the complexity around the pen is a dual chAmber device beyond crossed for novo. You also have the potential closing of the cadel, which also gets the same amount and bounce from investors.

I been great to have you. Thank you.

Thank you.

Have in cigar be a ml. All right. So given the risks that are perceived in the sector, are these opportunity.

So as as haven't said the the vaccine makers, they have A A real problem. If you look at those stocks, the same thing we are about before their problems started because no one's getting vaccines anymore already past that point. But to is also point at the other night, the markets going on one hundred percent chance that R, F, K gets the spot. It's basically sixty percent at best that he gets inspired and the market ready factored in all the headwinds. I think they're all buying opportunities.

So our biotech analyst heads and concerns that this could happen before the election, I actually did a survey of all my analysts in a couple days before the election, he reached out to me. And we're moving from bullish under a red sweep to neutral because of this very scenario. And you we look at biotech, it's been cheap.

The farmers space has been cheap. Um I guess my big concern here is I don't know exactly when this uncertainty gets LED. And the other question is just on the fda, commissioner, my understanding was that fda reported into H H S. And so i'm just not sure what guard rails there are there.

Your fazer, your fazer. Well, nice.

nice to hear that somewhere. Although I think the biotech impact has been more significant. And gilead to me, is the place that I think I would be able right coming up.

ones actually up nearly eight percent in the election. Hold on to early gains. Other sectors start to fade. why? Lord caver sy is calling at a clean truck trade that s next.

And kim cda I, an showing off her new friend and a viral video text less optimistic robot, showing her some love and in dance moves more on that when best money returns, walking back to fast money, the post election surge and energy, industrial and small caps has lost a little steam since the day is immediately following present electro s the Victory. But one sector has held on well down today. Financial revenue eight percent. The election and Laura here says the group can continue to climb. So this is the clean trump trade, right?

I think this is the simplest one you can look at right now. So if I go back to that analyst survey, I mentioned there were two sectors my analysts were very clear that you wanted to buy. But where they were right on one and wrong the other they were right on the financials.

The other one was energy, which as you mentioned, as faded and what they were really pointing out was the regulatory aspect. Um and IT was no by foreign something across the board, our analyst thought was one of the most important takeaway from a from presidency. So fast forward to now.

So we've seen the group pulled up. I will tell you last week, I took a couple different days and SAT down and read through all of the post election commentary and conference transcribe and earnings call transcript for S M P. Fifteen hundred companies.

So we did all sectors and IT was a lot of tariff talk. Well, guess what? The financials don't get directly impacted by that.

If there was some sort of associated recession, sure, there will be a drag, but there is no direct impact there. But what the financial companies are talking about is all the good stuff ah that investors like from the truth, the trump Victory. And so that's regulation.

We heard a lot about that taxes. We heard a bit about that, not as much as I would have liked, but a bit about IT ema. A lot of excitement there and even some potential for longer.

wth. So and then think you've got kind of all the positives, not some of the negatives the markets restless with and the valuations are still cheap. There are only around average on our valuation models right now.

Yeah, I like the trade lot for all the reasons you said M N, A, but also you know just a higher markets. It's Better for the asset wealth ageing part.

If I just know, take the other side for a second. My joke last weekend meetings. So as i've never heard a banker tell me, their emini pipelines weren't for so know at some point, we're going to have to make sure that actually comes through know.

And I think maybe taxes a little more complicated than investors understand. Trump has linked the tax right to domestic production, but there's enough the good there. You don't have to get all of those. And again, you know, I think the terriers are the big overhang and it's just not it's just not in that area.

You know when you look at I W M, everyone looks at the al performance or under performance. And twenty percent of the wm are financial. And a lot of these are the ones that could benefit the most from deregulation. So that's putting a little bit of Spark underneath the the russia .

two thousand coming up. Kim cardan's, an's new robot friend, is shown off its rock paper. Scissor skills were on her new tech pile next.

And here's a sneak that's quite a uses. Here's a sneak peak at the crane work. m.

Jam is chatting exclusively with A C E of rockwell automation. Catch the phone interview top of the hour on mad money. Meantime, what? Fast money too. hi. Can you do this? I love you.

You want .

to do that.

okay? The voice in the hand belongs to kim cda. Ha, and and she's introducing her new friend, a tesla robot, the reality TV star in business mogul posting a video to x, showing off her new power, the three thousand dollar optimist robot.

They played rock, paper, scissors together. He showed off some dance moves. Kk, also posting a video of the bot in a new tesla cybercafe. And guess what, tesla shares were up today.

She's been big in augment reality, right?

Seriously, ly though um this is interesting. You know this is sort of a celebrity endorsement of a product that hasn't .

yet hit the market well and I would not not surprised that came is right there and that that that optimists is showing her all he can do. So not it's impressive in its own little way. It's interesting .

that the cybercafe that optimists, the sitting in the cybercafe, like as if he's a so far, but that doesn't you don't need anybody. And so like literally, he's just the company came theoretically for a ride and .

Price tags twenty thousand thirty.

thirty, thirty thirty grand I .

think maybe the .

head I mean.

if you can play rock peer, I mean, I need penny stuff.

Yeah no, I mean.

I was also whole a dancing, by the way. So it's it's really a .

talented in laundry. Seriously, there was a robot recently the folded that would be complicated. IT was.

And think of what you I do, you know, you can hire somebody like that to do your t shirts. Stack them in the display. Anyway, up. Next final traits. Time for the final trade terms or another .

one that is why I love the money. So of banks, but particularly city bank, is this whole dose concepts. I think I think the efficiency is going on a city back and well, going on for a couple of years. And I think that's a big, big driver for and money state of banks especially.

I like to Carry yes. So i'm looking at the invidia color, which here the calls are much more pumped in fly so you think slows on as well to the did .

you forget .

for split seck.

your final trade? Think about city being I like city then.

About city vina financials.

It's been a long time coming, so let's enjoy last.

Great to have you on that. Yeah is is true.

We're going to have optimists .

in studio is a really .

I made something that I may I don't expect what .

jobs all to me. This is one that got damaged from the R. K. trade. I'm stolen.

Thanks for watching fast back tomorrow.

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