Nvidia Results On Deck… And RFK’s Impact On The Health Care Space 11/15/24
43:52 Share

Our goal .

is to empower you to be a Better, Better you.

James teachings. I was able to learn .

and become financially .

independent in my retirement.

Join the club with jim's best deal of the year at C N B C D com slash club, like for friday. Terms of restrictions.

supply large in the massac markets are in the heart of new york at these times square. This is fast money. Here's what's on tap tonight.

We are counting down to what might be the biggest earning support of the quarter. Yes, we are. And video reducing its latest numbers on wednesday. What to expect from the porter willet take shares to even hire highs and the new voice of health care of a little known sibling that could emerge as a major force in the system under R F K junior, what they could mean for medicine, plus, purge your Marks to new mile soon as that looks to transfer to the nz.

The charge master says that is game on for the uranium trade and its fight night on netflix, what tonight's big boxing match means for a streamer. I molesters come to a live for study, beat the asia on the destiny. Tim seen more Carried t.

Grosso and Julie al. We start off with two big stories on a rare crip da, a crushing. At this week, we bit going back above the ninety one thousand market, up thirty five percent since the election, more than than a few minutes. But first, what else in video, the AI darling Carrying out to deliver third quarter results next week.

And while three is jumping at the bit for another strong report, analysts upping their Price targets on the chip giant head of wednesday results with bush in the sock cm to open heim's at one seventy five s ku hana one eighty and H S B C is all the way up at two hundred bucks. That is forty percent upside from today's close, but can NVIDIA deliver another blow out quarter with expectations so high yet again? This is not the kind of action care that you love for one of .

your stocks going into earning. Well, I don't like the analyst action 吧。 As of bar, I do like the know that kind of a lot. Yes, the pull back just today for the last couple days, I think I hit one forty eight and to ten, nine or something recently in. So I like that more.

I think you know there's this sort of tension of the promise of about A I and is IT working and will demand peak and then evidence to the contrary. And then you hear, you know things like what there was one hundred thousand chips today, right? So i'm still optimistic on the story.

You know I am long, I don't have puts right now, so I don't know. I look at something they're not going to be cheap, that's for sure. But I do think they are going into that right before IT.

The skill will be toward the upside. The calls will be more expensive than the puts. Um so i'll look at that, but i'd rather haven't be done a few days.

Well, if you look at the semi conductor group overall, they've been under performing and this has actually been really the stall work in in that space. And and I think that's interesting. I get back to what seem to be the major drivers for the stock right now.

Where are we on production? We black. Well, where are we with hyper scale ers and capex? S, we've heard we've had the earnings season where they given some guidance.

That guidance was fine. We've got some other reviews from other folks that are part of kind of the chip infrastructure space, which hasn't been terribly good. And IT gets back to where is the market and where a sentiment that outperformance i'm talking about the charts is notable.

But I don't get the sense that the street is as key up into a expectations on this number for some of the things reasons we've been talking about. And again, we have had the company be very clear to push back on any concerns around production side of IT. So they can't really tell you how aggressively they see demand, and they will not do a Better job with that here. I'm sure we're not onna hear anything off demand, but I think it's a more bound set up despite the run in the stock because I just think expectations are lower.

Eventually, they have to fail on earnings. Eventually, there's gotta something right? You don't get to go into this as and keep betting on one thing and have the hand perform eventually.

But there are still eighty five percent of the market, tim said. At every others stock that you look at in the sector, the chart is horrendous. This is the good. No, I am.

Eventually you will mess. But I mean, is the mess of function of analysts getting to hype up over IT. And so therefore, they're setting the sock up for this. If they didn't reach IT up the earnings expectations, they would easily jump over that. I mean, without Price.

it's the context. It's a point of reference. It's it's where you're coming into a soccer completely, right? You would like them to talk IT down. The problem is every time we've talked IT down to the past, it's leaped over them and they've look silly.

I'm so what you're saying, the analysts talk down .

or they don't really talk IT. I'm saying i'm saying at the wrong, wrong way IT. When ever the analysts put out their estimates, they've definitely had had a lower bar where where in video leaps over IT and they've looked ridiculous because who should know they should know how high that bar should be in theory.

And whenever and video leaps over IT, they look silly. So they keep raising the bar. So eventually a video has to fail.

but it's gonna be a beats. And razer, I mean, no.

it's let's to be clear matter of the degree.

it's a matter of degree. But but again, I think it's it's really about blackwell ramping and hopper actually still growing. And I don't you know yeah yes.

Julie. I mean, Jenny wong has had multiple opportunities to sort of talk down black well, talk down the demand, talk down the production issues, whatever and not one opportunity was taken.

Yeah IT sounds like he is very, very confident about the the outlook. I think you know, it's interesting to me and reading some of the research reports that we've been talking about, I read one today that was like what we expect them to be by their usual two billion dollars on the top line, which is an astronomic number just have beat by, I mean, as a small midcap investor, I could only dream right.

But I what I think is important is exactly what everyone is saying, which is this relationship between expectations and execution. And so far, they have been on the right side of that of that battle between those two. But when you have analysts just so regularly expecting this big beat and rays, but IT does create this chAllenge, this type robot that they have to do, I think the demand is, is fine and I think the production is fine.

What I think is kind of an outstanding question for the long term. And this is where guidance what will really come into play is what is pricing going to look like over the the longer term. We know that these hyper scale ers are starting to recognize that they need to be able to create an economic model around this investment, and that's still a little bit uncertain. And so we kind of wait and see.

So I mean, I think I agree with the a beat race, but a beat race can still trade down, right? We've seen there before there. There's no floor that's guaranteed under there.

But James, one beside running this company and being at the forefront of AI, is also a master at expectations with wall street. And you know what else could he introduced? Member IT was what we're going to have a new chip every year.

That was something right locking them in with the software. I mean, there's he's really good at sort of moving to the next chapter of the story, and we'll see if he does IT again here. Bar is high for him. I think there's also when you mention .

the hyper scale in their guidance, which which does confirm the in video storm and there's nothing that we ve got from the earnings report that these us to believe that spending is in jeopardy. Y foreign deo chips. There's also the other side .

of sovereign I, which we haven't even talked about.

The man demand om of all the sovereign, particularly the middle ast who are going to build .

their own A I I think that's important. I think we know that there is in a kind of GPU demand. Is supply constrained here for club growth is just that simple. And and so I think that's the story, but I do think is really is going to come down to what you're willing to pay for this company. And I think the growth is is probably forget on a Price to but I think on A P, E basis, I think there's something here that's that's actually at least defendable if you wrapped there right now long in video yeah IT looks like.

So it's hard not to be bullish on a video, right? We've been talked about this for a couple. It's hard not to be bullish on a video, but one of those days, it's not gonna a beat race. And to current point.

you can have a stock fall off time out.

Here we go. Yes, I I said .

the video, I did get. I yes.

I definitely missed you .

from one hundred and ten context from .

one hundred to wear out right now. So i'm and you're waiting to to say .

hatten back in one hundred and twill what you do right now?

L yeah, I be a sell that that look at the chart does look like it's rolling over. And when you start to see eighty, eighty five percent market turn into seventy, seventy five, I don't know for there yet. I think you've got to start saying maybe there's other opportunities .

I want to get out the way I have. July pilon steep too, so can really get up.

No, I agree.

I mean, I absolutely agree. I think that's right. It's it's really, really hard to feel like this can continue forever into infinity. These grow rates are not sustainable forever, forever.

I think know we've owned in other portfolios in video for more than ten years, right? And I think all of us at the firmer looking at this very large now position and wondering what do we do with this, right? We recognize that it's a market leader.

Our cost spaces is very low, is really hard to feel great for new clients coming in and buying our portfolios. They're buying at this Price today, and that's where IT starts to really not feel great as a portfolio manager. You really have to be thought ful about do I still feel great about the valuation right now? Would I buy this position right now?

Have you tried at all your position in video? Not in the long?

No, I haven't just made the bed. You know, I but did you point, you know, I would say if you went home long, right, you bought IT at this Price.

sure. So i'm always saying, all right.

well, and if I got to I got to twenty five and at least a couple places that have put some some recent update and I I can get low thirties P E multiple on a stock that I think is going we know about the growth. But I mean, again, I look within that peered group and and the video doesn't feel expensive to me. So I would bring you back evaluation. I would bring IT like it's not going to go on forever. But by twenty five, and certainly based upon the growth were computing until then thirty two, thirty three times.

IT works are IT our next gas is concerned about in video ahead of earning mark you scope is CEO and chief and western officer had Morgan crew capital management. His firm is one point nine billion dollars in assets under management. Mark ois, good to see you. I understand at mark, you'd personally sell in video here. why?

Well, couple reasons. I mean, one of things that the the, the crew was talking about, uh, it's it's hard to you have stay on top when you're on top. I'm enough to remember that a intel stock went up twenty four over ten years because their chip was gna revolutionize A I in two thousand.

And today, let's talk, is sixty three percent lower than IT was twenty four years ago. So you don't stay on top forever. And in video came along, invented GPU and now we got TPU and GPU and L P S.

So I think innovation will keep roll in. But the thing I most worried about the video, their third largest customers about to get d listed. That's that's a big story.

So you're a friend of super micro. Um so how does video get caught up in this? Yes, super micro can be delisted.

How does this video? How does that tarnish? And video.

well, I ve hit you, your third largest customer and they actually and they don't have the capacity to continue to be your third largest customer. What happens to your revenue growth and profits growth? We've seen this move before with nortel, cisco back in two thousand and two thousand. So I don't know that makes me nurse high .

markets caring. Thanks for me on I hear. I just let me just push back a little bit to the extent that there is a supply constrained here, not a demand constraint, right? So with the customers, he look at what's happening to dance and mothers, there's the belief that those customers are going elsewhere and that, that demand would still be there. Is that do um is that I think that's .

a great that's a great story and and possibly is is true. Um but there the third large customer for a reason and and that that that's real for me, but I totally get you that there is a demand story today. I think the thing that not being talked about enough is GPU are really good for training.

They're really not really good for inference. Inference is the next level. So companies like rock and others do. And the next layer of of huge demand and semiconductors, I believe, is going to be for inference, focus chips, new designs, new innovations.

And I think the tech debt and in video is going to cause some stress now because because they grow up by some of these innovators and and take over those markets too. Maybe hasn't historically been the way it's worked out for, for other people who are on top. But but I am a huge mirror of NVIDIA as a company. I think they have great products. I just think it's it's a little over Price here.

You make a pretty strong case against in video, mark. But as I know, your clients still owit. So how do you what what's that conversation like your tell what's the conversation to be like on monday when they start calling you saying you said to sell because they going to lose a third because customer and all sorts of other things, and it's in my portfolio.

So couple of things on that. One, I spend most of my time now are in venture capital. I I do venture capital in the digital asset space.

We are things like bitcoin and and companies that like coin base ah I still have a business that focuses on hedged funds and we allocate capital hedged funds and then we supersize there are twenty best ideas. So one of those twenty best ideas happens to be in videos still. So it's a five percent position in that half of the portfolio. And I trust the process those my manager still have faith in IT, just like number of the people you are just talking to. If IT were me and I wear the board for the matter, which i'm not, I I would be a seller, but I trust the process on the other side of the house.

Let's get a bit coin since that is your core at this point time. Mark, where do you see a going here? It's it's above ninety one. And I think that's that's more than where you see IT being a fair value.

Now you know what i'm going to say? This is almost our five year anniversary, a little more than our five anniversary of when we are together in two thousand thousand. And yeah while was on the show, I think bitcoin crashed like ten or fifteen percent and yeah, what should we do as a buy IT and and you like what you always say, no, I do buy IT today, buy IT tomorrow, buy IT next week by IT next one.

I don't think you to buy at all once I think you should continue to accumulate the greatest, most powerful computing network the world has ever seen. And IT is changing the nature of how we transact value. So I think the fair value today, as as we're sitting you're talking, is in the high eighties.

So we're right around fair value. That fair value will continue to a create as we go forward as new people get involved. There's been a huge game change in the last week.

We now have a president actually has said his pro bitcoin. He has senor lamas, who has amazing saying that she's going to sponsor a bill to create a strategic bitcoin reserve and they want to accumulate million picking. Just let that number hanging there for second.

The only twenty one million that could ever exist, it's really closer to eighteen million because it's about three million that have been lost or stolen. So you're talking about about six percent could be taken out of the supply plus people like Michael sailor in to raise forty two billion to buy more. So I talk about unlimited demand and finite supply. In the chip business, you can make more chips in bitcoin is only so many you can have.

right? Mark, good to see you. Thank you.

Thanks, mother. great.

go. Casey then keeps the graphic. He says one hundred k by thanksgiving.

That wouldn't shock me, does feel like there's this gravitational pull towards one hundred IT broke ninety the other day, traded back under and that I would thought that an opportunity for you to sell off IT was really going to and now it's right back up against there. So thanksgiving, I don't know how far are we wait for thanksgiving? Not, no, no double .

all in some holiday .

this fall .

for winter, I would not be surprised coming up. Pantier pops the .

storing software giant. Now the top performing me in the S M. P. Five hundred this year. And that's not the only move is making the details nets for its fight night on network. My test takes on jack fall. What the about will mean for live streaming on the platform more fast money after this?

Experience the power of C N B C prose best deal of the year track your portfolio from every angle on one optimize.

Welcome back to fast money patent teer jumping .

to a new all time hide today after announcing IT will transfers listings from the new york stock exchange to the nasdaq on november twenty six. The company also expects that I will meet the eligibility requirements for the nasai one hundred today is seven percent pop also rockets at past vista energy, making IT the best performer and the S M, P. Five hundred so far this year and videos now all the way down IT number three um but this is a huge jump after lots of huge jump s particularly after it's aren't last earning .

support yeah believe or not actually nimble a little bit more today to a position not been long and I can't justify the valuation at all. It's probably thirty five times sales IT. IT trades probably two times brand hail.

I'm looking at his note here. He says IT trades two times to a crowd strike trades at so terms of a multiple in terms of a sales multiple. So I think it's a combination of the success they had going here.

This is we're talking about um three, maybe four, maybe even five successive quarters where they have shown pretty incredible growth. That's part of the story here. Part of IT also is truly where they seem to have the inside track on.

Some of the the choice is contracts in the world that you mean the government tracks. I do mean the senses that these are also some of the smartest guys in the room. So I hate the multiple. I've been learning the name for some time. I actually traded out of IT a little bit after second quarter earnings and lamented every bit of that and have been trying to get myself back to where I when they get.

they're getting two index boost, right, because that was added to the S B. Five hundred and september and now to the NASA one hundred. So there's little bit of just the technical aspect of the run july, but there's also the huge fundamental government contracts, to mention huge but also the unrelenting demand for AI, which is what alex cut the C. E O has talked about. I mean, that's a big part of this.

Yeah, I think that's the narrative around that for everyone who missed out on in video there, everyone is looking for the opportunities around a ee that have been overlooked. This no longer is one of those plays. You know, I would argue that there are probably place that are Better for A I than this.

But what I think is you know in the note that unit was referencing is in this valuation embedded is that this company can grow for several years at forty percent, which is an acceleration from where IT is right now and still hold a twelve times sales multiple, which is high. That's a lot of good news that's Priced in there. And so it's hard to feel confidence. Yeah, I would recommend stepping into this right now.

I've been the jewelery bill camp on this one as well. Just think about what didn't come up. The department of government efficiency doge didn't come up here.

Fifty six percent of the revenues from the government. Do we think that revenues is going up or down or getting haggled? Do we have a personal key on mosque who was a texas vi?

You going to be cutting now? I mean, that I would think of anything that's an area where those say.

hey, waves more in or or maybe .

you're doing IT for x and maybe you've got to do IT for x minus twenty percent. I don't know. It's just something things look pretty. Pg, when I look at the chart and all the aspects of IT, that would be the head wind that I be wear ring about.

I I know I don't know that. You know, just the math and I can there's a lot of things where I can get to the math, and I ended up being great at every step of the way. But this is one that, I mean, if you want to do the value play in video, I guess, relative to this. So that's worried.

right? Coming up. Netflix is ready to rumble the sake for the streaming giant. Move into live sports is my test and jack paul, get ready for a major show down in texas plus a brother and sister duo that could be about to shake up the american health Carrier distract as rk junior years up to service health secretary under president trump. Mistakes for the biggest name of the space. Right after this, you're watching fast money life, and I like market more of its weak break.

Experience the power of C N B C prose best deal of the year. Track your portfolio from every angle on one optimized .

welcome.

Back to fast money ring the bell former heavy way world champion on iron mike ties going festival tonight with social media starter n boxer jack paul, thirty one years his junior. The event Marks tyson's first professional fight omas twenty years and has already broken the record for the biggest box and gate outside of lost vegas.

No matter who comes out on top in about netflix shaping up to be the real winner, the fight is available to all of the streamers, two hundred eighty million plus subscribers for no additional fee, a welcome change for boxing. Fans would usually have to shell out for pay per view. But this is, of course, one of netflix of strategy.

Live sports, live entertainment, I guess, is what they call IT. Um they don't have to pay for rights. And I can attract a lot of bible.

This is going to track a lot of apples, and they're doing this to putting a push into the nfl as well. And I think why not charging you something is the way to garner those apple les we were talking about. I would hope that you could see the fight at a Normal time, not eleven or twelve o'clock when they come on. But I think this is a home run for a netflix. And and actually, when I look at the chart, you could say could have this toy months ago, this, if they couldn't, across some ad dollars based on this and the nfl and live sports probably to wear the shot where .

there's all that place the contested. They've got season to a squid game. They've got this current nightly st .

series coming out. But this recent run, I I think, is a lot on this. I always buy the room, sell the news, and I always used that.

All right, let's they a new star wars is coming out. The very next one of people get all excited. The box office is going to be gigantic. And almost matter how gigantic the box office IT is, ultimately, it's a little disappointing. So as long i'm not going to trade around IT just because I think gets a little ahead of itself.

But I think that's what happened the last ten days or well. And I would argue that, that star wars as more fiction in IT than this White. So look, IT doesn't really matter.

Again, this is entertainment. I call what IT is. That's what i'm gonna all IT. And I love the fact that netflix is throwing themselves in the ring on this one. I do think that Christmas day nfl football is a huge thing for netflix, and I do think that they're multiple levers to pull in. Again, we don't even really talk all that much about gaming and some of the other dynamic.

I think netflix, when we and we spend a lot of time as we talking about a great week for disney and a peculiar but extraordinary three year outlook that they gave with a lot of detail. And when I go out to twenty six and I see netflix making thirty box to share to disney six fifty probably of the revenue um and so a much more profitable business that I think possibly has more scale. This is what you're excited about with netflix.

This is what the stock is moved. Doesn't mean I don't like disney and I like the weak disney had were not talking about disney. We're talking about netflix and IT just gives you some sense on where they aren't free cash on half forehead.

Well, you just have would you rather i'm going to pose july is now having a week. There was up sixteen percent july. Would you rather netflix or disney here?

Still probably netflix in this case, you know, like the way that I think about investing is I try to own the stocks that every other P M. It's the last thing that they want to sell. We'll hold on to this till the end.

And netflix is that for all of the streaming bundles. And I would say that even above disney, which if you have kids, is probably less likely, but events like this make IT so much harder for people to just decide to dip out and and cancel their subscription. So I think the stickers of this kind of event is critical for the long term success in the valuation.

right? Coming up a pair, civill seem to have caught the attention of arcade junior, what IT could mean for the future of healthcare in this country and how they plan to make amErica healthy again. Plus why the chart master says uranium giant chemical is about to go nuclear, the technicals and the trade next.

Mr, a moment of fast catches any time on the go. Follow the fast money podcast. We're back right after this.

Welcome back to fast money socks falling up to falling to close out of losing week as the post election rally phase that that drop in three hundred and five point, csp falling seventy nine points, the nazi tables nearly two and a quarter percent. Meanwhile, shares of chinese commercial and alibaba slipping even after seeing a nearly sixty percent bump in in earnings in this latest quarter. Cells were coming in below expectation, and super micro shares with a late day come back to finishing the Green, the one time AI high fire in danger being delisted from the nsac after missing the deadline to file it's already delayed annual report, the stock now down more than eighty five percent from its march peak. Carry, you got lord into the .

super micros, right?

Money I really .

was .

IT was unusual. But you know, we were talking about day or like, wow, the world, you read this just where the this is just really ridiculous. But so I don't know if there's some covering, I don't know was certainly there's been a lot of money made to this point. Do you think they're really going to have a hard time getting .

you know get no outer to .

get out to think a good one that's a rapid .

of a one that's gonna .

very hard and then getting in financial out, I think I think would say if they hire one that will be good. Um but I don't I don't have any sort of I don't know what is skin in the game hearing out or opinion at this level, who knows? right?

Ababa, tim. This follows jd learnings, which were also disappointing to some degree.

IT was a disappointing week to be invested in anything in china and to listen to the some of the MRI. But I said that I think about that is a bottom up story and that unless turn about the chinese macro, I I like the proper ability. And do you think they have levers to pull?

I do want to hear more about asset sales. I want to hear spent off. I want to hear the things that at least the times have been big drivers for this company. This is disappointing.

I I don't know that anyone has been through the last couple years in ba ba and probably has traded IT a little bit, is feeling like today's announcement was a reason to give up the fight. I think the china stories is going to make IT harder to make money here. And I do think there's going to be more trading opportunities. But I think of myself is bold.

I right to see a red across the board for biotech pharma in the broader health care sector. The moves follow the last night's announcement that Donald m has tapped Robert Kennedy, junior, to lead the department of health and human services. And now two siblings who advise Kennedy are coming into the spotlight casey and Kelly means are chronic disease entrepreneur s known for questioning traditional medicine um they they are medical expertise and they could play a key role in the next administration's health policy stat news isabela quita has been reporting on the means sibling rise to prominence SHE joins us now isabela great to have you with us. We could we see one of the means, as you know, the heading cdc or fda or any of the other sort of agencies within.

Well, there has there have been reports that casing means may be on the list of considerations for the F, D. A.

And so what is there? How what is your connection to ara k. jor? And do they share a lot of the same ideology? Some of the how much overlap is there?

I think there's quite a bit of overlap. I mean, these are really kind of R F K proteges. They have uh, a distained for corporate influence and regulation like big food and big farmer and think that there is a big conspiracy to keep americans sick and they want to address that.

What do you think is the biggest um you know you guys over start have been talking to a lot of a professionals, a lot of know analyst sa what is the biest concern about the ideological and what IT could in mean in terms of medicare? What IT comes to drug approval mean, what is the one thing that sticks out?

I think it's really the question of R, F, K. If he gets confirmed to be the secretary of health and human services, he would have brought oversight and could get in the way of drug approvals and make firewalls for pharmacy companies to jump over to get their drugs approved.

In terms of the means, uh, what have they done so far uh in you know, in the pursuit of this ideology, some of their of some of their thoughts sort of a line more to the left, actually removing ultra process food from snaps programs, things like that. So how where do they fit in?

I think that's really what they're been so successful that is getting these talking points and ideas that are traditionally left and then adding in a dose of outrage and making them, maha, make amErica healthy again and aligned with mega. And so they've been on some of the biggest podcasts, geo gan, ta carlson, and really created this ground swap support for the ideology, which was a big boom to the whole movement. And R, F case specifically.

let's say, the means is somehow worked their way into heading an agency in ark is the head of hh ezza la. I'm just a curiously, how quickly can the wheel turn in terms of actually putting some of that ideology to work?

I think we don't know.

I mean, I think IT depends of the people that they choose to surround themselves with and staff the agency with. I think if they decide to make staff and cuts, that could kind of come up the wheels in some of the usual work that these agencies and departments do. But you know, we're expected to get more indications soon.

A belt thinks so much for joining us. He was a fascine profile of the means siblings. Things we're sharing with us is a big equal. Um we saw W A lot of reaction um ibb I mean, across the board, vaccine maker gsk got a downgrade from doy bank and IT cited R F K junior. I mean that's the .

extent where where yes does I mean it's huge for right vaccine. Next the ibb, which has you know uh biotech, there's a lot of vaccines exposure this just since the four days ago. It's down ten percent.

This is enormous move. IT hasn't moved this much. We had one day were in twenty twenty two.

But since the pandemic march of twenty twenty, which ironically set up one of the great sort of vaccine runs in for this space in a while. But this move is enormous. I'm long, this is painful. I'm not a seller here.

Then you be my my thought is you should be a buyer of anything that all of on the r fk had mine. First one, we don't know if he's going to be confirmed. It's probably a Better than fifty, fifty. It's probably sixty percent chance. He's also on record saying he's not totally antioch.

He's okay with the ones that already proved it's just the ones that are going the same. One man might not make IT.

he said. He wants a wealth of information out there. He said, if vaccines work for you, this is what he just said on record. If vaccines work for you, I don't want to take them away from you.

but I want to make sure that everyone already.

but I don't I want to make sure everyone gets the right. But don't we want as much information as possible.

of course. But if you install people, the fda, who are in, who are skeptical of vaccines as well, sure. That really means that the pipeline, if you're if you're an M R N A dona, let's say, and your britton button is vaccines and you're developing for other vaccines down the line for whatever may be even can sir, you want to go .

to tear but think about IT, think about who funds the fda, right? That's a part of the means. Two twins or whatever is siblings. So it's part it's .

surprise they to take away and it's .

a little ancestral right. If you ever told somebody, hey, i'm gonna have you fund the fda that's making the the s on whether you get cleared, people would say that sounds ridiculous.

That's what we do. It's forty five percent of the F.

A budget from farma. So I I agree with how much sure you're supposed to make a trading move based upon the last twenty four hours even though people have made those moves. And and I would make an argument, I don't mean I might have ensure that this group knows what what their views are.

I think there is there are some fundamental views on where americans have and how they're been treated in the past and ability to choose and certain corporations that have dominated. I don't think there's any disputing that, but I would bring you back to the trade and I would talk about tims fires here to say fir really getting hold off again on vaccines. One, in fact, we've ready sold off their vaccine business fifteen times.

And if you look at where they were, there was a fifty four billion dollar business back in twenty one. I think we know why. And and by twenty six, it's at least projected to be before this news to be a twenty two billion doll business where as oncologists growing sixty percent. So you know, those are the kind of opportunities, I think, for investors and for traders that I think this kind of voluntier ties kind interesting over the last few days.

Julia, you a buyer of this weakness and healthcare yeah I mean.

absolutely what luxury we have to be able to turn down all of the scientific advancements that we've had in the last, I don't know, hundred years that have saved millions of lives. It's ridiculous. I I really, genuinely believe that you we will continue to see innovation.

It's just a major resource that we have in the U. S. For GDP and such large and important industry. So I don't I think this is a little bit over extended hype and probably a lot of the anxiety of you know what people are feeling with some of these appointments. I think that's manifesting emotionally in this market.

right? Come me up. The technical set up that code lead to nuclear gains for uranium producer chemical and what is next to the red hot industry, plus a referring round of what to expect from retail earnings next week, whether you should shop or drop these names right after this.

Welcome back to fast money chemical hovering near all time highs despite the pull back Green energy socks. Uh, earlier this month, one trainer says the socks is at a major inflection point. The chat master out with a note today saying that both short and long term charge show the potential to go even higher. His Price arted at sixty five, and that is twenty percent higher from here. Tim, you ve been a supporter .

of involved in the somewhere with a five handle of fifty handle that is. And and I think you look at with the stock is now there's been a lot of newsletter and there's been a lot of earnings and there's a dynamic that this is not a cheap company. But when I look at the news in the headlines today, that rush is restricting enrich the rain to the united states, no surprise, there are either. But IT is a dynamic that is setting the table. I also just think the conversation we're having about utilities all the time and in the grab for power, there are utilities out there that are uranium, and I think that's part of the story.

And when you think about the uranium story, what's the biggest problem with nuclear reactors is that IT takes too long to build. But if you have a trump presidency that lowers that regulatory hurdle, then instead of twenty years to build a new reactor, maybe you can bring that cutting to half. Because in other countries, IT takes a quarter of that to bring a new power plant online.

And you are believer in the air story, you need to be a believer in the energy side of .

the story as well somehow, right? We need to solve that out if these AI stories going to continue a pace.

Yeah, july, where are you on uranium?

I know. I agree. I think all of the things are conspiring to need more power on the grade.

And I can just be renewable power. IT really needs to be base low power. And this is the is the cleanness clear solution. You know, even though we have we've heard about the trip agda being very anti climate, any movement towards any nuclear powers going to be very beneficial for the climate, for sure.

Coming up retailer learnings putting peddle to the medal next week, what to expect from walmer target, T G X and more the next. And here's sneak peak at the cramer camp. Jim is getting exclusively with the dover C E. O catched the full interview top the hour on mad money, more fast money into.

Welcome back to pass money, a number of consumer names reporting next week, lamar kicking things off on tuesday, followed by target, T, G, X and gap in the days I follow, the numbers come just ahead of the holiday shopping season. How how see this coding region this year in house, a preview of what is to come a big week court? Yes.

is a really big week, of course, and had a black friday, thanksgiving, you know, just little bit happening in retail right now. I mean, overall market watchers, of course, want to know this uncertainty that executive talking about for months and quarters now has alleviated at all in these early days of the fourth quarter now that the U. S.

Election is over. Beyond that, of course, like mesa is all about the holiday forecast. Walmer is the big year of Christ is always a proxy for the broader consumer environment. The street is expecting a continuation of positive comfortable sale somewhere above four percent. Walmart has spent billions of dollars investing in technology and employees.

It's really seemingly paid off shares up sixty one percent year to date for walmart, but investors also care a lot about what walmer executives will ultimately say above the consumer. Now consensus for target, we expect councils to grow about one and a half percent in the quarter. That would be the second straw quarter of gains after four state quarters of falling sales.

The evy, though, is not so fast. We're not sure sales grow grew. We think that target might have been a victim of sales deceleration in the quarter based on some data they're looking at.

Police are not A I dated to show a slight update though, in target store traffic for the quarter, so could be close home. Depos result succeeded expectations, but there are still fighting to regain sales growth. Expect a similar story from lows, which is posted financial slightly weaker than its larger competitor as of late.

At least plates or AI data dishes of four percent drop in low store traffic in the third quarter. No city and T D cow among those endorsing ing T G X ahead of results, its hit all time highs this week. IT just seems to be a named that keeps hitting on all list, almost regardless of what's going on. And the acro environment, the share performance hasn't been as strong as walmart.

but it's also very steady as he goes to, I guess, this one fewer week right in this holiday shopping season because thanksgiving is so late, but black friday has started. I mean.

IT started last week, ted last week. And also, I mean, to be fair, of those tober sales, which were captured in some of that retail sales data this year. But if you look at a year over year, they are in at last year, too. So I think that really a long gates this season and year just get those sales whenever you can get on. But IT does have confused the numbers, I think, a little bit because of Better early start.

But we will be be able to get a at least three weeks right in terms of intent to spend exactly.

exactly depending on the the amount of detail that we're going to get on this october's, which I know is something we all want to ask you, just depends on how much they want to reveal to the grain guar effect of those sales particular period of quarter.

So how is that game really change? Used to be black friday and then cyber monday and now cyberneeds, right? How .

have .

you?

Yes, yes.

you are. I I think I truly I think there I mean, i'm going to wrong, but I think it's like forty percent of americans of bi bottle looks want to get for the holiday season.

I A lot.

I have yeah yeah, I have two. I mean, it's working. So I think how it's changed is yah it's a little bit all the time, but I think it's a little bit earlier. It's a little bit more spread out, I think, because you can buy online now in the fact with by online pick up in store. Sometimes you also see this really big, lumpy time right at the end of the season, which is making some retailers nervous this year like molas says, because there's five year days. They're a little bit worried about the inventory in the right place at the right time, especially if people are waiting since you had this early rush and then this law and then maybe a big .

lumpy end yeah um in terms of terrorists is going to be a huge topic on the conference calls. What is the ability of these retailers to stockpile? I mean, you don't want to have in vitoria, but yeah, you don't want to pay the terrorists. And me, what do you do?

I know exactly you. I don't know that anyone's opening their playbook to us, that we ve got these exact questions. They're all the same. We're watching work preparing.

But if you talk to some of the smaller er retailers, the non publicly traded retailers ers, that might tell you a little bit more, there are sort of thing. Look, we can't really stockpile IT doesn't really make too much sense. The exact question of someone that actually is a celli of Christmas trees, they make artificial Christmas is so IT doesn't really make sense.

I mean, we're looking right now into who we can help lobby us and N, D, C to hopefully get categories exam. Or hopefully this is just negotiating tactic. But we can't we can't really stop by the words of crossing our fingers and hope this work. And many of these retailers, smaller, large, been trying to diversify from china, to be fair, before troof sort of one point now under that first trump administration. But IT takes a long time, and sometimes it's not worth that with the expense, the time, the expertise, it's hard to find somewhere else.

Court, thank you always to see court and coming up next final trades.

Time for the final trade turn, run the horn july deal again.

I think this health care trade is overblown, less from sudan. What mission?

Get busy. How they .

show you are one for me to the very last.

still has been to do last year.

It's what's air this on national table. That s, let's blow this up with a manian. C, C, J.

never. You're very.

Resorted, you got alright. And with my girl to livia also, I think overblown.

I like the I, B, B here.

applied digital. So I look at this because it's a smaller company. But in video gave them an injection to a small take.

And there there A A customer and videos. So I don't think in videos gona love them to go out of business. Just taking a gamble on this day.

thanks to all to fast. Have a great weekend. Mad money with your criminal starts right now.

All opinions expressed by the fast money participants are solely their opinions and do not reflect the opinions of C N B, C N B C universal, their parent company, or a phillida's, and may have been previously disseminated by them on television, radio, internet or another.

You should not treat any opinion expressed on this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information the fast money participants consider reliable, but neither cnbc nor its a filly's under subsidy areas warrant its complete ness or accuracy, and IT should not be relied upon as such. To view the full fast money displaying, please visit C N B C dot com forward flash.

Fast money experienced the power of C N B C prose best deal of the year. Track your portfolio from every angle on one, optimize plans strictly.