Headwinds for the consumer and continued layoffs and Economic Uncertainty and the lack of additional stimulus from congress so can this consumer remain resilient. Pete, throw anything at the consumer and it seems like he or she will continue to spend it does seem that way its amazing mel by the way, its good to see you. When you break it down its about a couple of Different Things and stimulus is out there and by the time they get into two or just after the elections i think well start toy so more stimulus if we dont see it sooner than that, that will help, but anybody thats got ecommerce exposure and they have it on the Positive Side like target, like walmart and home depot, lowes and so many others and they have the digital side and retail is doing very, very well. If they dont, then many of those are definitely struggling and i dont know how many of those will survive and you have to have the ecommerce arm if you want to compete in this environment. Curbside pickup doesnt cut it for the long run, but who is spending, steve grasso, in terms of this consumer that seems so resilient because the last stimulus check and the enhanced unemployment check went out in july its been a long time. Just think about it peoples savings rate has gone through the roof since march think of everything youre not doing. Youre not renting a hotel room. Youre not jumping on a plane. So theres a combination of things people are still waiting for the next round of stimulus, but theyre still cash rich. Think about that, though think about how unemployment has recovered quicker than we thought it would recover cash balances higher than we thought they would be. So what shocked the market the most is what pete just said. The retail, the apparel side of the market people thought it would be dead and buried forever and people invested in the Digital Markets and the online markets so for them, you know the way im playing it, Capri Holdings and then throw another one in there, pvh all of these companies guided much lower because they thought the second round of covid was going to be much worse the hospitalization rates are better death rates are better so we have a bunch of tailwinds where people didnt expect it to come from. Previously, people were apt to spend on experiences and thats not possible anymore, b. K. Theyll spend on sweaters like grasso has for this evening. Hes got a new sweater on. So if that is the backdrop, brian kelly, then what sort of retailers do you like . Just first of all, i people dont know, but i cant see grasso i just wish i can see that sweater that youre talking about. I look the best ive ever looked my mind is going crazy. So whats interesting about retail sales is a lot of people might say okay, this was kind of people stocking up on stuff and you might say auto sales were up and people had to buy cars because theyre living in the suburbs and they dont want to take Public Transportation and even autos are quite good. Now the question is is that as good as it gets for retail sales. Thats probably true i agree with pete and grasso that, yeah, if you have ecommerce and you have curbside that will do well even if the virus gets worse because i dont think well have the type of fullscale lockdown shutdown that we had before i still think were going have another wave of virus, but i just dont think the u. S. Is has the has the wherewithal to go through another lockdown so you want to look at target. You want to look at walmart. Those type of names especially, especially if we get stimulus after the election. Is there a difference, though, in terms of what people spend, where they spend it from now until christmas . There are, by the way, for all you procrastinators 69 shopping days left until christmas. Mark that down on your calendars, and you cant get a deadline extension on this prior, it was the home depots, the lowes, the walmarts and the targets and the Home Improvement trade, but do you shift gears and go where people are buying their presents well, thank you for reminding people about the holiday season. Im sure my family will be happy to hear all about that so i think its a mix. You will continue to see spending in the williams sewn onlias and the home depots and particularly with target and walmart, there are so many goods and services that you can pick up there, but in terms of a bifurcation that people are spending money on, ill carry that over into services versus goods and whether its autos or whether its sweaters or crock pots or Home Improvement goods, what youre seeing is people spending money on physical things, and to me thats slightly different than services because services youll spend them and youll have to spend that money again to reenact that experience for these durable goods i think there is a spending here because youve seen a savings rate as grasso alluded to, and these are oneoff items as opposed it a full, repetitive type of expenditure. When you go to Williams Sonoma and buy a castiron, dutch oven there are only so many you will have in your kitchen cabinet. Theres only so many of one type of thing that youll stock up on. I try to limit my dutch ovens to just one at all times i would agree thats the issue is is this as good as it gets . Did we stock up on all of that stuff . Did we buy that car and are we going to hunker down yeah, Savings Rates are up so we know theres cash there and thats the unknown there and then the question you have to ask yourself, as much as i said you look at walmart and look at target, lets take the bear side of it and do you want to buy target at alltime highs here . With the potential that we have some kind of a slowdown on the other side of the year maybe you take 30 of your position off the table here. Well, if youre trying to get your Holiday Shopping done early, looking for the perfect portfolio stocking stuffer, the chart master has two this season Carter Braxton worth, take it away well, what i thought wed look at is the concept of strength to embrace versus strength to fade lets start with the latter. So two charts. The first is bed, bath beyond. You see ive drawn on the low. This stock has moved from 3. 5 to 25 thats impressive, but the real question is has anything changed . This is a stock that peaked at 80 in 2015 which used to say the weakness of the pandemic was just accentuating what has been an ongoing problem and this huge move, three to 25 breaking above the downtrend is overdone and it would strength to fade i would short. Take a look at a second example. This is l. B. L. Brands and its the same, exact chart and this stock went from 98 to 8 thats a 95 decline same as Bed Bath Beyond and its jumped from 8 to 34 strength thats overdone, strength to fade in something that has nothing to do with the pandemic, the weakness preceded the pandemic just to make that point and look at the third chart and its a comparative chart of those two stocks they look like railroad tracks, theyre virtually identical and huk moves bounces recoveries in stocks that are impaired and in longer term downtrends, take a look at the final chart and b. K. , you just referenced these two stocks exactly, this is a comparative chart of target and walmart. So the concept, target and walmart, Bed Bath Beyond is l. B. And one is a deadcat bounce, in my mind, the other is a perpetuating what is a strong business getting stronger. Target and walmart on the long side, l. B. And Bed Bath Beyond on the short carter, how do the home depots and lowes of the world look these are businesses that are good and their charts are good or theyre reciprocal. Momentum is Growth Growth is a good chart, et cetera and so forth. All right carter, thank you. Well see you in o. A. , options action pete nah najarian, do you agree with the chart master on these four agree with him on a couple of those. Its no longer about just the essentials and this is exactly what Brian Cornell was outlining and when they go to the rest of the store thats when we are getting into the margin jir of our business so thats true i think of walmart, as well and both have great ecommerce and the one difference where i would push back on carter a little bit, when you look at Bed Bath Beyond and hes only been there a year, mel and he changed everything about how their Business Model works its not about discounts anymore. Its about digital and how theyre going to grow in the digital side of things which they grew 89 year over year in this last quarter and i think theyve changed and morphed into Something Different and this is a 30year veteran. He was at nike and he understands the process. Tack a look at the cash flow last quarter its extraordinary that i think hes made a huge fine for the the company to simplify it and go harder. And selling off the noncore asset ands and keeping the bed and bath and upon droing the beyond part of the reason. Wouldnt you be apt as carter said fade this bounce and even if youre a believer in the long run believe that theres another entry point . Im sure you can sit back and wait for Something Like that, mel, but you might be waiting for a long time. Im not really sure. Quite honestly, all weve seen from the options standpoint and the derivative world, weve seen them all of the way up to the levels that weve seen right now and continue to buy higher strikes and ill continue to roll along with them and full disclosure, i own in Bed Bath Beyond for that reason grasso . Bed bath beyond has a 57 Short Interest all things being equal, when you look at the rsi, a relative index above 70 indicates overbought and this is at 95 and yes, it should be overbought is with a Short Interest of 57 , a lot of people have to cover quickly in order for that run to be over. I dont think its over yet. Im in agreement with pete, as well ill throw in another name on top of target. Costco jefferies just raised their price target from 321 all of the way up to 435 last sale, 380 and that one we can make a couple of able points to the down side bonawyn, you get the last word i would add yes, the shortage has been between 50 and 60 and some of the call buying is for people defining their risk and covering via options and nike is a couple of theyre looking at in terms of an International Exposure and what that might mean for taxes and having a growth margin business might be something you want to look at. Coming up 737 mablt getting a european regulator and could it be about the skies at and the name pouncing higher on the call. Well reveal the name when fast money returns congratulations welcome to the aflac program. Aflac now tell me, what does aflac do . Aflac pays you money directly to help with unexpected medical bills. And is Aflac Health Insurance . No, but it can help with expenses Health Insurance doesnt cover thats right. Are there any questions . Coach yes . Can i get one of those cool blue blazers . You know i cant play favorites. Alright lets talk coverage. Its go time get help with expenses Health Insurance doesnt cover. Mmm hmm get to know us at aflac. Com welcome back to fast money check out shares of boeing 737 max will fly, and boeing up nearly 2 today on the news. Brian kelly, is this something that tempts you . No, it does not. Getting on boeing itself, im old enough to remember when it was only three months before this thing was going to fly again. So for me, boeing is just an absolute no touch. People are canceling orders. Its going to be a long time before you get International Travel again and i dont think this plane ever flies again. The defense side, maybe theres something to it and theres old type of defense and the new defense is cyber, so i dont even want to come close to it. It has not just the 737 max, pete and it has the problem that air travel might not come back and it is 2024 until a return to normalcy and thats a long ways off. I think that would be the biggest concern, mel, because i like what were hearing. This news is obviously, solid news for boeing and i think we saw that reaction today and the reality is exactly what you said, when will they be able to start up with airlines actually coming back. Commercial airlines coming back to any kind of the levels that weve known in the past, 2019, and that seems like thats pretty far out and thats being told to us by the people directly in the industry so under those circumstances, i dont know that id say its a no touch, but i think its something where you better be trading this thing and not in there for the long haul because you can get burned pretty bad if we get any more bad news down the pipeline of anything going on with boeing so right now, i havent touched in in quite a long time and its been two years since ive been in boeing and i dont know when ill be courageous enough to be there. Are you in with the guys, bonawyn, on this one theres not a lot of meat on the bones. At 167, you saw it pop at 167 headline grabbing seeps like a pittance to me i wouldnt buy into it here. Grasso . Yeah. Im going to buck the trend. I agree with most of what has been said, but if you look at the price action whats the old saying . Its been playing around with the same 30 in the stock since june, so if it was something that was tragic to me, where it was tragic in the past you would have seen the stock still collapsing you have a declining 200day moving average and it will stream as a bullish signal i would be a bare of it, once it breaks out further from here and there are options guys on the desk tonight two things were heading toward, a vaccine and the recertification. Whether or not they come in the next month, two months or three months theyre getting closer and i think you have time to buy boeing and the fact its flattened out, melissa, this thing looks right to bounce back to 200. It has held in there since about midsummer, pete and grasso makes good points what would you say back to him since you are one of those options guys hes referring to the one thing i would be interested here in, steve and everybody is the idea of using the implied volatility and we talked about the vix earlier we talk about the vix all of the time and yeah, its in the 26, 27 range now and that doesnt mean that implied volatilities are still high in the many names including the s p including names like boeing that gives you implied volatility and owning the stock does make some sense to me. Its something that i do all of the time already and boeing could be a candidate for Something Like, that but i would not be married in that position. Its like an 08 preview. Analysts downgrading this stock to overweight getting real positive on the name thats a hint. Thats next. Later on options action youre snapping back into earnings season getting ready for the social stock to report this one snap. Fast money is getting back after this the unprecedented performance of ultra wideband. The fastest 5g in the world. It will change your phone and how businesses do everything. Im proud, because we didnt build it the easy way, we built it right. This is the 5g americas been waiting for. Only from verizon. And sweetie can coloryou just be. Gentle with the pens. Okey. Okey. I know. Gentle. Gentle new projects means new project managers. You need to hire. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database so you can start hiring right away. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. Welcome back to fast money. Investors pouncing on shares of cat after a bullish call from wells fargo. Raising their price target to 220 from 160 and theyre expecting it to improve in the beginning of the year and it was calling a rebound, recovery basically in key markets like oil and gas as well as north American Construction which make up more than 50 of revenues last year. What do you think of this call yeah, i like the call and this is the reopening trade and this is the bounceback trade and this is the rotation from growth into value weve touched on a handful of reasons and then some of why you should be a seller of tech and why you should be a seller of growth going into year in and i think you will have the opportunity to buy all of these in shameless plug, oln, wrk and tse and those are three of my names. Oln is up 42 in ten days and wrk up 27, trinseo, and caterpillar still fits in. I continue buying them are you sticking with the names that have had massive runs in ten days . I think all three of those names are going to double and triple from here yes. Im not im not exaggerating when i say that. I think that the value of these names are exponentially higher now, just now the trades are actually starting to work, but the fundamentals are in place. Im sticking with all of them and im long just as much as i was before both pete and b. K. Looked incredulous when grasso said he believes the stocks will double or triple. Maybe its still the sweater. Maybe its still the sweater. I wish they could see the sweater. It is something to behold. Pete, what would you say to grasso well, you know, im impressed that steve thinks that some of the names can double and triple. Thats really awesome. I have to look at those more closely. I have to go back to caterpillar for just a moment. When you have good cash flows and it seems like everything has done and what we were seeing as far as the economy and mel, you mentioned it and what were going to be seeing in the u. S. With 50 of the revenue coming with a lot of the different areas where caterpillar lives right now, it makes a lot of sense to me that there is upside even though it seems like the pe level feels rich, i think theres plenty of room to the upside i agree with the analysts and there is room to the upside. A 30 multiple seems to me that that would be awfully high and make me start to jump. Right now its trading around 22 b, onawyn, last word on cat. It is a leading indicator before we see fundamentals pull through on economic rebounds and so oil and gas and construction, i think weve seen a bottoming there. Its giving you a chance and i like this call much more than i do energy or some of the other spaces that will perform. Its that time, time for the final trade. Lets go around the horn steve grasso chewy and its had an incredible run jefferies upped their price target from 59 to 100. I actually bought it, new position and bought it today and i think it goes much higher. Bonawyn, isin. Not getting off the train yet. Pete najarian, vista outdoors, there is more upside to come. B. K. . Besides trying to get a sweater like grassos ill be looking at a couple of other things in thiss environment i have to see this thing vneck with a fur collar close i think you look further out into the future and you bay space, spce, and then you wont have to worry about this pandemic and by the time that gets going there will be no covid. Dont forget there is a bonus hour of fast at 6 00 meantime, options action is up next wow, i wish i could get a deal on a smartphone, but im not a new customer. Well, actually now, new and existing customers can get our best smartphone deal. Its historic. That is historic. Which means. Im making history, right . Yea, i dont know if id exactly sa wow. Me, dave brown. Existing customer who got the greatest deal in history. Just like every other customer gets. Oh thats cool too. Its not complicated. At t is making history. Everyone gets our best smartphone deals, including the lates preorders. Welcome to friday and options action. Heres whats coming up on thing about show tonight. Youve got to know when to fold them. That was from kenny rogers the gambler, but carter worth explains why it can also work for the stock of Procter Gamble then lil john also once had a song entitled snap your fingers , and thats what tony zhang i singing about today. And our last song pun of the evening, you down with tlt or