had another $5 billion share repurchase agreement announced. ups traded higher in sympathy, next week ups's investor dayas well. carol tome, the ceo of that company joins me sfra cnbc interview. that's going to do it for us here at at overtime. in the heart of new york city's times square, this is fast money, what's on tap tonight, downward dog, shares up, nike and lululemon plunging after earnings reports last night. the start of more aches and pains for the stock? should you exercise caution in these names? >> wow. >> debating that. plus back from the brink, it wasn't long ago we were ready to write off alphabet in the a.i. war but shares have climbed steadily this month, best week since last july. what the comeback says about the future of big tech. a potential wind fall, how former president trump's stake in his soon to be public social media network could net him

billions of dollars. what the options markets are saying about this deal. i'm melissa lee coming to you live from studio b on the desk tonight,time seymour. courtney garcia. and we start off with two paragons of the discretionary trade, falling from grace today, lululemon plunging 16 %, while nike down 7%, the worst performers on the s&p 500 today and both stocks down double digits. could today's move signal cracks are forming with the consumer ivory tower? tim, you brought this up. these are once the places you ant wanted to hide out. defensible motes. everybody loved these brands. >> right. well, i think they're still ivory tower brands, and i think that they're companies that are extraordinary in terms of the power of that brand, and the innovation they've even shown within respective parts of call it discretionary, the wellness

part of sportswear, but i think if you look at first of all lulu, the question is really the question that i think we're asking about a lot of parts of the market, but most notably lululemon, what multiple are you putting on a company that kind of said, you know what, 24 from here on out might be difficult, the comps are difficult, some of the innovation, but that you're growing in north america significantly less thank goodness for that international growth and that's really where you have a discrepancy, not only in terms of the outlook with the investor community, the analyst community, you could look at jp morgan i think somewhere around 5, 5.25, piper out there too, and someone like jeffries, who is closer to 300. it's all the multiple. there are 22 times, and these other folks are at 35 times. lulu at 35 to 40 times for the kind of growth they were giving you over the last three years was worth it. the question is, what are you doing now? nike, another case of, hey, we know that they actually have to invest in innovation. they kind of said that. there may be some pressure on

margins. we're going to grow what, 1% in the first half of '25 for nike? what's the multiple you're putting on that company? it gets back to these are fantastic companies, companies that i guess i believe the slowdown, i was here about six months ago and that's how i played the stocks, for nike it was a short, and for lulu, i talked about this last night, i'll say it again, i covered that short yesterday during the day because it was around 15% in my face and i said going into these numbers, i'm pretty confident in what lulu is doing longer term. i still think these companies are going to wash around these levels here, and i think actually i know we're going to talk to carter on the charts about that. the charts don't look that good. >> which one looks better to you, karen? nike has been a slow moving train wreck for a while. >> yes. and i actually thought -- i bought some around 90 or so when they seemed to kind of get it together when they sort of had the inventory -- not sort of. they seemed to have the inventory situation worked out. now i'm in the wrong one.

if i had to pick one, lulu is too expensive for me, talking about that multiple, you know, 3 37, or so, was too high and it gives you no room for error. they deserved a high multiple, for sure. now that it's coming down to 28, you know, there is some fear, is it aloe -- i don't know that athleta as well. >> isn't aloe a plant? >> it's -- >> this is aloe. >> alo without the e is just a brand. >> or viori, i don't know if i'm pronouncing it right, really nice clothes, actually. i think, though, that nike's strategic position is a little more challenged, and also the challenge they talked about, you know, of innovation, they are sort of behind there. it deserves to have come down. i think i would rather actually be, if i had to pick one, wait another day or two.

>> which you did. >> i did. >> that's okay. >> of course that's okay. >> i made the wrong one but i would look at lulu, i think, i mean, one thing that i remember, leon cooperman said you never see one bad quarter. there's always more than one. so, i think that may be more true for nike here, they're telling us, actually, the expectations. >> the product cycle seems to be in a weird spot where it's ramping up in new launches for women, the air max dn launch next week on air max day apparently. i didn't know that was a commercial day. >> you know, you've been following it. >> and hoka, those are real -- >> take a look at the stock for on, up 32% this year. >> and you would never think those small brands could even take any share from nike whatsoever. so, i don't think it's a discretionary thing. i think it's a full-fledged -- >> nike thing. >> it's a nike thing. it's a lulu thing. i think the competitors are

really gaining ground on them. i think they're too big, too inefficient, and now they have competition. >> you wearing alo? >> i had to think about it. i am wearing vineyard vines pants i used to wear, 100% lulus, and now i'm wearing vineyard vines, and everyone has the same thing. much better than the lulus, smaller companies, it's a private company. >> i asked a question. didn't know what i was going to get. >> it's a lawyer, know the answer before you ask the question. when you look at hoka, everyone, they used to look like an orthopedic shoe. and now if you go around the street -- >> now it is normalized. >> and now they have colors, though, so you people using them -- when you see people using them, and i'm wearing them now, everyone wears them, and they have what's the other brand i should notice, the slides, no, the slides, you know what i'm talking about, i have them. >> you don't have to -- you don't need to lean down -- >> no, no, they're athletic slides, they're supposed to be recuperative shoes.

i'll get it before -- we've got to go to courtney. >> i can't wait to know. courtney? >> i think this is a combination of the two, right, i think you are seeing that consumers are moving away from discretionary items, inflation has been a pressure on the consumer but they're still going and spending money on dinners and experiences and travel, that's not going away. i think it's that pitted with the fact that these are real competitors, i mean, i used to only wear lululemon and nikes, i love viore, and alo yoga. >> i should have asked you. >> i'm pretty sure i should change out of that to come here, funny enough. but i think these things are colliding. yes, i think they could have some pressure here, but honestly i think over the long run they will continue to be strong brands. it's something you want to have a piece of but it has short-term pressures, i think that's -- >> oofos, and by the way, just another tail spin on that, oh, you really are out of it.

i'm surprised you don't know it. >> i do know. >> your kids have to have them. >> are they making those for men? >> they're recovery shoes. a lot of the athletes, major league athletes are using them. just to one little thing on this. >> is there a button to this? >> no, i don't think it's a button to oofos, there's a button to the lulu story. in the pandemic, people were overloading on appliances, and on technology. then, we went to vacations and services. and then we went to spoil the revenge spending. buying the high-end stuff. now we're coming back to appliances and electronics. best buy. you saw it today. so -- >> okay. >> that's the button up on this. it's a cyclical thing and it's also a competition thing, but i would be looking at whirlpool, or things like that, just starting to ramp back up. >> the ceo of lulu said on the conference call, consistent with what we've seen from others in the market, the consumer

environment in the u.s. has been somewhat challenging. would you agree with that? >> well, i'd be interested to know the cadence of the quarter. >> right. >> how it went along. >> they had a slowdown -- >> right. >> slowdown trend beginning of the year. >> yes. >> and i don't know about the rest of it. >> i've heard of improvement post that. to me it's about the trajectory than what the quarter overall was. >> steve is right to challenge the companies and not necessarily the macro. i think as the probably both. courtney said it was both. but if you look at lulu they only grew 9% in north america and that's just not good -- >> 8 pbt of their sales. >> 54%'s a nice number and these wide bottom pants steve are not selling so well. >> they're catching on? >> not for me. but they are definitely -- i think, something that was brought up. and in nike's case, their air force one, they're reducing -- taking some models out of commission. there's cost to this, some cost to this, even though that 4q was

about margins and things that were impressive. nike first half of '25 is flat to maybe 1%, and we're now waiting for a second half inflection of 25. so we're talking about a year and a half away, and i just -- you know, i think the stock is stuck here. >> i always wonder, as a matter of style, why do you drop a bomb during the -- during the conference call? why not sort of come out with all of it at the same time? >> which bomb are you referring to? >> the nike bomb, right? that didn't come out until later. >> you mean the guidance? >> yes. >> they always do that. the guidance was always on the conference call. same thing with microsoft, some companies always do it on a conference call. >> i don't know why, though. >> in nike's case, back to your comments, which are often astute. nike's been dead money if you take out a gap that it hadkind of in the end of '23, you know largely this company's done nothing for two years and i think that, in this environment,

means it could probably get weaker. the other big story of the day, the seeming resurgence of alphabet, jumping more than 2% today, shares up 15% from its lows of the month. back then we were asking on the desk, what is wrong with alphabet? did we mark the bottom? was the concern premature? karen, what do you think? >> the concern is there that the rollout for a.i. was bundled multiple times and then i think it got too cheap, people were like, you know what, the mag 7 is now mag 4, they're not in it anymore, it's a big position for me, i still think it's cheap, it is cheap. unless you really believe that that mote they have around search is going to be sort of, you know, attacked so quickly, the cash flow here is tremendous, and i think they could be a lot more efficient.

i'd like to see that, i'd love to see a year of efficiency. >> in the wedbush note, the past six months, google's share search is stable, 92%. the concern it is seating share of the market search to others doesn't seem to be backed up by numbers. >> i don't think that's going to get eroded in the future. it's the optimism of what's going to happen with a.i. that euphoria is not going away anytime in the near future. suddenly, as apple might have -- be using google as part of a.i. searches in the near future that's going to say, okay, maybe google is going to be the next place for that, and suddenly people will put more of a multiple on that. how much that is justified because how much of that is going to impact revenue in the short term. that's the question. investors are rushing to be there. i think that's probably not over yet. >> i think it was just a matter of -- when we said we hit the bottom. they overworked the woke angle. that was the really eyeballs on

google. that's why the stock was sold off, because they bumbled a.i., so many different times. this week it was about the 2.2 billion in stall base on apple phones that google, a trojan horse now coming in and stealing stuff from apple. so i thought it was originally a win-win for both companies, but it's definitively, in my brain, a bigger win for google to have that install base, and that's what rescued it. >> i thought the gemini announcement was interesting with apple, i think it's all incremental to people reassessing, i think that in terms of a.i. and impact, mic ron's a great example of this week a company with an a.i. bid and they're alive and well in terms of a.i. memory, this is another a.i. play. i think there's so few ways obviously other than nvidia and some of their suppliers, and some of the periphery directly there, and facebook, in concept, of course google is a company that you think is right in the middle of a.i., and we all know

that they are, they've also been investing in this for a decade, not for three weeks, so i just -- anyway, it gets back to karen and aluation, and a company that for so many years we've questioned whether their core business was actually being eroded and right now i don't think anybody's close. >> the past few weeks it's all been about finding the secret or the hidden a.i. plays, the areas of the market that have not caught up to what nvidia has done in the market. is alphabet one of these names? >> hiding in plain sight? >> hiding in plain sight. dell has been hiding. >> which one, dell? >> yes, and a lot of these other names. >> i have dell, i don't have mic ron. i think that if you think about it, low 20 multiple, doesn't even take into account the $80 billion of net cash which is extraordinary, so you're getting down to a 20 multiple. should this be a market multiple stock? no, it should be higher. >> when you look at micron, i've been in and out of this name, i did not capture this spike higher, and you need d-ram, a.i.

is going to overload d-ram, it's amazing to me that the market was so caught off guard with a micron name that it took this long to pop higher. concentrate, go back and look at nvidia's conference and other names they've discussed and keep an eye on all of those names that were mentioned at the conference. >> i just think the cost discipline, the year of efficiency, for a lot of people, especially google, is something you should be watching and it's going to be a driver. >> get the technical take on both of these top stories tonight. mastercard, carter, let's start off with retail stocks, nike and lulu, disasters today but what do the charts tell you? >> well, that's right, so news-related drops and gaps on heavy volume, resets lower in response to fundamentals, earnings good or bad but either way they have to be bad because you don't go down if they're good. to the charts, figure it out together. so, in the case of nike, you could see that drop in gap today. we didn't really undercut the

october low, which is the intermediate low for the market, but to put this in more context, if you look at a longer-term chart this is sort of the critical trend line, this picks up the covid low, the low of, again, 2022, the low of23, and my hunch is, here, we kind of stabilized, which is to say, if one has been short, i would cover that, but it doesn't make it a long. now it goes dead and i would leave nike alone. no trade. >> all right. we have a lulu. >> sure, news-related drop in gap as well, short-term chart and there you see it, and it, too, this is the non-random nature of pattern interpretation. why did it stop on that line, to the penny, where it was two other times? it's not a p/e level, it's not a price to sales or dividend discount. it stopped there because a lot of people look at charts, big computers, longer term chart and where does it stop? it stopped to the penny at the

line that's been in effect since 50. this stock has gone from 50 to 500 and now it got rerated lower, to its major trend line. my hunch here, too, is that it's now where it belongs, the news is out, the market has spoken, and that this is a pair of twos as well, sort of goes sideways here. >> okay. and how about alphabet? we were just saying it's had a resurgence of late. what do you make of that turn? >> yeah, i mean, to be fair, this is the opposite. one thing to note is that on a five-year basis, both the q's, and google are up the same amount, 150% literally. it hasn't been a lagger, but the sim symmetry is quite beautiful. the lines draw themselves, a cup and handle, you can call it that, but weather way back at well defined tops and the presumption is it makes a new high as so many other stocks have already done. >> all right, carter, thank you,

stay close, we'll see you again later on in the show. a pair of twos on both of them, karen, are you rethinking nike? you said you wanted to be in lieu lulu. >> i feel like, he's saying this is sort of where it's going to settle in. that's a pair of twos, why he guessed that. lukewarm on it, what do i need to own it for? lulu, i'm more optimistic but also i don't feel the need to rush out. we have time. the cup and saucer to me looks like a smiley face. everyone sees what they want to see. i see that as a good thing. >> he calls it funny-mentals. >> ha ha, fundamentals. >> that is ridiculous. >> but he's right, and charts

are indiscriminate on some level. to the extent that lulu is the most interesting of those charts, that chart is extraordinary from 50 to 500. if we've just checked back to the pate of the channel, it might be dead money, you know, i kind of heard, my pair of twos was that it was a positive pair of twos, it was a positive glass because actually you're at the bottom of the channel of the trend. >> coming up, could apple be teaming up with a chinese tech giant on a.i. already in talks with one of china's biggest names, who and why? is netflix rolling out the carpet for a new all-time high. can it stand the spotlight long enough to set a new record? we'll dive in right after this. >> announcer: this is fast money bceerit ren l, ghhe o cn. data is bringing creativity to life. that's because cdw showed animation studios new ways to maximize their infrastructure,

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welcome back to fast money, "the wall street journal" reporting a potential a.i. partnership to navigate regulatory hurdles in the country. apple and bidu making slight gains in the report, for this potential partnership, bringing in steve kovach. >> on set. >> great to have you, welcome to fast money land. >> yeah.

>> it has to go with the chinese partner. >> it kind of has to. this is just another name now we're adding to the increasingly growing list of companies that apple may partner with, we've heard about the google generative a.i. deal earlier this week, and talking to openai, talking to k co here, and now baidu, similar to a deal with google in the united states and elsewhere, there's regulations in china that is blocking this from, you know, think of it this way, you will not have a google product embedded into an iphone in china, you wouldn't have a facebook product embedded into an iphone in china. that's why apple would have to talk to baidu for this. what we're really seeing here is this feels more like a search thing than it does like some kind of fundamental ios, a.i. thing that's going on. that's because ofthese already existing agreements, and the companies they're talking to,

and what they're capable of doing. there's some men tear early on when these reports started coming out said something to the effect of, oh my god, here's apple giving away everything to google or one of these other companies. maybe it's just a search deal and it's just one part of the whole a.i. puzzle. that's what i'm reading into this, but who knows? it could be bigger than that. if it is bigger than that, that says a lot about where apple is in this a.i. development and how far behind and how much further it can fall behind as it spends so much time fighting the doj over the next two or three years. >> it seems, you know, apple teaming up with google, versus i'm teaming up with baidu, very different, the perception is different. china has not approved a single large language model. and might never. apple is forced to team up with somebody. here in the united states that's a completely -- the takeaway can be completely ifferent. >> and also imagine, if they had to integrate baidu into the u.s. and western versions, we freak

out about tiktok on our phones, imagine if we had baidu chinese a.i. embedded into our iphones, that would be a nightmare politically for apple to do. yes, they have to do it. if they -- if this does end up happening, it will just be geofence to china, everyone else would have the gemini version of this. >> give us a sense of tracking the a.i. players in china, people are looking at the mega cap, the k web and those names, it's not an apples to apples. >> not even close. >> there is in nvidia of china. >> they wish they had it. >> but the google of china on some level, and ten cent, you can make an argument, or alibaba is the amazon of china, ten cent, which is social media, we're arguing that facebook is certainly putting this to their benefit right now. any thoughts on that in terms of these players? >> i mean, it's -- it behooves these other guys more than it behooves apple because they are going to be -- whether or not which way the money is going, right now we know google pays apple for this.

which way is the money going here? it doesn't matter, they're goin to gain massive exposure. it's huge for baiduif this actually does happen. a alibaba has been toying around with this stuff too. if you're watching, who is apple going to pick in these markets, i guess it's just baidu. who else would it be? >> does this make us feel better about apple's role in china? we've been talking about for six months. >> tim cook is opening a big store in shanghai this week, it was state media interview but he said he's happy in china and happy to stay there. we know that's not entirely true. >> if huawei did not have -- embedded, but if it has it embedded too, this is not a competitive advantage for apple, it's catch-up. >> and that would also be what it looks like here because google's phones, has gemini built in. home grown pixel phones has gemini built in, as tim cook promised we're going to break

new ground in artificial intelligence this year, using a rivals praukt breaking new ground? what will they do with it? >> june will be interesting. >> incredibly interesting, no pressure on apple. >> thank you for coming bay, steve kovach. what do you make of apple at this point in terms of valuation? >> apple has been lagging the other mag 7. of all of them it's not necessarily a bad play as it's, you know, been, i think, a lower valuation. but i think clearly they are trying to catch up on the a.i. trade. they're realizing how much they don't want to be left behind here. you're seeing different deals coming up. china is the largest market outside of the u.s. and they really, i think at this point, are trying to hang onto these things, they want to play catchup. take that with a grain of salt. it's something you want in your portfolio over the long run. >> it sounds like it's truly -- apple, i've been in and out, not in it now. and i'm always a little hopeful for the stock, but this feels as if they're losing on the china front, by the way, even with huawei, though, in china, it's

still the number one-rated phone if you talk about apple, so the problem is, they're fighting for a.i. -- >> they're losing shares. >> they've lost like 600 basis points of market share. >> they're losing share, with the doj headlines here, they're fighting on multiple fronts, and this is the first time in a long time that i truly feel pessimistic about apple as a company, but we know they're not innovators, they're reply icato, not invonovators. >> it comes out to valuation, where you have enormous services valuation, somewhat under attack, and a hardware valuation and it seems to blend together and be too high. >> right, still, yeah. >> yeah. >> there's a lot more fast money to come, here's what's coming up next. >> roll out the red carpet, netflix is ready for its

close-up, the streaming giant climbing back to within a whisper of all-time highs. can the marquee name set a new record or will this run be a box office bust? we'll press play on that debate after the break. plus, dwac gets whacked, digital world acquisition corporation shares tumbling after agreeing to merge with former president trump's truth social, what the market is signaling about this move, and why the action, in its options, is exploding. you're watching "fast money" live from the nasdaq market site in times square, we're back eight after this. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close.

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welcome back to fast money, a mixed day on wall street to end a record-setting week, a dow pulling back 305 points, the nasdaq finishing in the green. record close there, tesla shares dropping again after bloomberg reported the ev maker will cut production in china, senator elizabeth warren calling to investigate the auto maker and ceo elon musk over governance issues and fedex delivering big gains on follow-through from last night's earnings, anouning a $5 billion buyback plan, sharing seeing their best day in

over a year. up 7%. courtney, you were pointing fedex out today. >> we've been talking so much about artificial intelligence and that's a big story. the companies have good cash flow, buybacks and it's a less exciting story but i think this is something you want to have in your portfolio, it's a surprise in the positive, not in the news this much. but i think it's something you want to take a look at. >> these not exciting companies will probably be using a.i. and reaping productivity gains we'll be reading about soon. what a big week this was, there are two huge events this week, nvidia's developers conference and the fed meeting and everything seemed to line up perfectly. these could have been two tape bombs this week. >> i'm surprised at the reaction to the fed, actually, i thought -- i don't know, maybe three, maybe less, i'm surprised. but i think the nvidia thing, it took a little while to get going but now there's this race by analysts, who can be -- who can

be the most bullish on nvidia, and i feel like they've kind of given reason to do it. this embedded ecosystem of nvidia was powerful. >> it's impressive. debated all weeks, who's more important, the fed or nvidia, definitely the fed, i'm disappointed in the fed, they goosed the market this week. they were way too dovish. the balance sheet runoff was way too light. he said we don't need to wait until 2%, start cutting. we had the conversation, the high yield hot tee -- >> we don't call it that on air. >> michael -- >> it's only a compliment. >> everyone went over this. >> no cuts, though, everyone went over their skis on know cuts and the fed was super hawkish because they're data dependent and that's what the data said. i think he will be dovish literally -- he'll speak hawkish. >> you're saying no cuts, though. >> who said that? we were talking about that last

week, we sat on this desk and said, and i said i'm going to be more dovish. >> it's always been 3. >> 5 to 4 to 3. >> it was from 7 to 3, to people coming on air, not this desk, coming on air saying there might be a chance where they raise again. we went so far over to the other side, they're cutting. it's a matter of -- it's not if, it's when, and everyone's eyeballing it. >> that's too bad because, again, think about what we had this week, we had existing home sales up 10%, jobless claims that are basically haven't budged, 210,000 got better. there's nothing in the economy that says 500 basis points has done anything, and, yet, financial conditions are as loose as they've ever been. credit spreads back to where they are in 2007. the fed should have been more hawkish. coming up, netflix's blockbuster to start the year rolls on as the streaming steam rolls its away, hit play on that name next, but first, dig into the action on donald trump's

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welcome back to fast money, big swings today for digital world acquisition corp., this backs shareholders approving a merger with the parent company of former president trump's truth social platform. trump media could go public as early as next week. the 58% stake estimated to be worth around $3 billion, while the company is generating revenue of less than $4 million. the filing, very interesting, you picked out a couple of gems. >> it's a value purse, i've never seen anything like this. the primary one, i think we have a quote, we pulled out of there. the tmtg, the trump media technology group. adhering to performance indicators could divert foe cows from strategic evaluation with respect to the progress and growth of its business. they don't want to use them. we don't want to yut these

metrics. >> we may never use them. >> and we may never. focusing on kpis, key performance indicators, might not align with the bestinterest of tmtg or its shareholders and could lead to short-term decision-making at the ex-tens of long-term innovation and value creation. this is absurd. we also don't see their fourth quarter earnings, i would think it should have been in here but maybe it's not stale yet. so the metrics, though, if you compare it to twitter, it should be worth, at best, one-500th, well below a dollar a share. that's an amazing thing to me that it trades here and what about the lock-up? could -- it is possible the board could say we're going to allow donald trump to sell this stock. >> a waiver. >> a waiver of the lock-up and he's free to go sell it. that may be. if you can imagine what would happen if a big chunk of those shares came on the market, so that's another thing to sort of

be concerned about. and then the last thing occurred to me, that i find so interesting, and somewhat ridiculous. instead of -- if one wants to support trump and give money to a trump pledge or whatever, pack or whatever it might be, if you go and buy the stock, let's say from him, you're actually buying from him, and it goes down, you actually, if you sell it, you will have a tax loss, you could actually turn what could have been a political contribution into a taxable -- a tax loss that would shield. >> you're better off. >> you are better off. >> buying the sinking shares, and taking that loss. >> the whole thing, though, the no metrics, i've never seen anything like this. >> it's like a win-win situation. >> or, it's -- >> or, you lose more money. >> you think they're going to -- this stock could trade at any price. you cannot borrow it. i wouldn't short it. >> it sounds like the memiest of

meme stocks, sounds like something we've seen before in something that's going to have this much revenue for a market cap that's bigger than this room. >> i don't know if adam aaron is whispering in his ear how to do this, i'm not sure. >> or ryan cohen, who saw the flipside. when the memesters saw him sell, they did not like that. all of this today stoking big action, we want to go to mike khouw, to see what he saw. mike, what did you see? >> nearly 3 400,000 contracted traded today, close to nine times the average for this thing and not surprisingly because the stock is impossible to borrow overnight, what we did see was puts outpacing calls because that's another way to make a short bet, although you are paying up hand somely to do it, the most active contracts expire in april. the tense, the 7.5s, the 5s, and 2.5s, the ones that saw the

biggest contracts trading, including purchases of 13,000 of these, buyers paying about ten cents, it's another way for people to make a short bet. the overnight cost to borrow on this thing is 200% annualized but the rate falls off over time but that also means the forward price with the stock is also much lower. >> i'm assuming that these are retail investors trading the options, mike, it could be the same batch of people who own stock. >> yeah, well, i mean, i think it could be two things, you're going to have retail participants and people who want to convert. that is to say they want to find ways so that they can essentially get long the stock and potentially borrow it. you will have sec lending trades, that's inside baseball, i'll admit but people are trying to borrow the stock per term to be able to sell downside to those wha who want to buy it. >> tim, you raised an interesting question. were there november contracts?

>> yeah. i mean, there's different ways to look at contracts in a political cycle, and obviously november puts might be valuable. >> exactly. mike, thanks. coming up, streaming back to records, netflix quietly inching back to record lefrls, can the binging bump continue? we'll debate that next. supply chain. energy. what if one partner could do it all? that partner is ontario, canada. with all the critical minerals to make electric vehicle batteries. 65,000 stem graduates per year. one of north america's largest i.t. clusters. a fully integrated supply chain. all powered by one of the cleanest grids in north america. ontario. your innovation partner. ( ♪♪ )

welcome back to fast money, don't look now, but netflix is quietly climbing back towards its all-time highs, the streaming giant gained more than 3.5% this week and posted the highest close since december 2021, the stock now $70 away from its record of about $700. courtney, what do you think of this run? >> you know, i think there's been this big streaming war, and ultimat ultimately netflix is the predominant big player in the space. i think that's going to continue. their ad spend is helping them and the crackdown on password sharing. i don't know what this move is higher, i think it has room to run here. i wouldn't chase it by any means. we own it for the longer term. but i would not be surprised to see this go higher. >> yeah, this is something, whenever you try to get away from netflix and go to use

another interface, it's just not smooth. it's clunky. everything else is terrible. netflix still -- it is. like i go to hulu, it's -- it doesn't feel smooth. they just have -- >> define smooth. >> it's easier. >> i agree. >> for the user, it's just so much simpler to use netflix and you gain that loyalty to them. but at a certain point, there's so many tail winds that we've already aggregated in the stock that you feel as if you should be buying puts in the name, you can't short it outright. it just defies all laws of probability. when you look at the flipside. it's not about disney and chill but disney has its own battle and it's been winning, that stock price is levitating as well. the chart master is back with its take on the banking sector, next.

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before slipping today, but still up more than 5% this week, it's best since december, can goldman keep going? you're not a goldman -- >> what's dj -- saw, he's laughing all the way to the next, you know -- whatever that is, but no, i mean, look goldman is not crushed morgan stanley, which was their main comp, banking from capital markets perspective, obviously morgan stanley transitioned more into wealth management, i say good for goldman on this. if you look at -- it doesn't need indication of anything, if you look at the strength of core businesses and how they continue to run a profitable bank that's why the stock trade is where it is. >> if you think that deals are back, ipo market is open, then be in something like goldman. >> that's the big theme for this year is probably in 2024 you're going to see more deal flow and a rebound in investment banking, and i think goldman sachs, i think they're well positioned to benefit from that more so than

other banks. >> bring back the chart master for a look at the bank technicals here. carter, what do you see? >> well, a decent week, and a decent period, specifically big banks, right, kre is still struggling, and i would kind of stay away from that area of the market, but there is the kbw bank index, bkx, let's look at it. five identical charts, different annotations, here's the first, and there are no lines, no drawings, let's go to the second iteration. and you can see how well defined those lows are at the 70 level, whether you want to call it a double bottom most recently, but look at the trend line, moving above that down trend line, and then finally, you can draw the lines this way, whether you want to call it a cup and handle, doesn't matter what you call it, it's what a reversal looks like. final chart, where might it be heading? i think we're going to see 115

plus/minus. >> all right, carter, thank you. carter braxton worth, cup and handle or double smile as karen likes to call it. >> smiley face for the banks. >> good news for the banks. >> also talking about, i do think this deal flow, which is good for morgan stanley, two business lines, they have asset management, and banking. >> yeah, i just think if you look at the money center banks, the environment that the fed cued up this week and has been going on, again stepping back from the concerns of the ability to give money back to investors and give money back to do buybacks they're going to also be cash flow generative. up next, final trades. ♪ giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders.

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welcome back to fast money, news alert, united airlines, phil lebeau joins us with the details. >> this should not come as a prize, mike whitaker, the faa gave an interview with nbc nightly news, looking at all of the incidents that have come up the last week, two weeks with the united airline, the airline sayi it will see greater oversight from the faa as it reviews processes and manuals. not a huge surprise here. but certainly confirmation from what we heard from mike whitaker a couple of days on nbc nightly news, they will be taking greater scrutiny of what's happening at united, when it comes to maintenance. >> phil, thank you. phil lebeau with the latest on ual. karen asked a good question, what does this mean for boeing? worse for boeing or for united? i don't know, it seemed -- >> i just wonder if boeing's like, finally, somebody else in

the cross fire. so the heat's off, a tiny bit. >> yeah. >> it's related hit. >> i think there's still a calderon action going on but for united, you never want the faa to ramp up scrutiny. >> for boeing this week was about, you know, where boeing's ceo wasn't unvisited to a major pow wow with key customers, interesting time. >> time for the final trade, around the horn. tim. >> international paper interesting week, named the new ceo will bring change to a company that i'm long, and i think we've been expecting change, in unlocking value. >> chairwoman. >> yes, you know i love it when there's a dove tail of funny-mentals as carter likes to call them, and charts, and so mine is jp morgan, i think you can also grab a pull towards 200. >> courtney. >> itb, we had housing data coming out next week and pairing that with the fact the fed is indicating they're lowering

rates again this year is beneficial for the housing sector, i think this is a good way to play that. >> steve. >> coming full circle we started off the show talking about the consumer and the changing tastes of the consumer. look at whir pool stock, bottoming it out, i think they're going to start buying more appliances, whirlpool. >> thanks for watching >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always an i promise to help you find it. mad money starts now. >> hey. welcome to a special west coast edition of mad money. welcome. i'm just trying to make a little money. my job is not just entertained but teach. so call me. all amazing things must come to an end. today we bid adieu to the west coast where we learn about