Materials, industrials hitting new intradays. The small caps doing well. The russell 2,000 at the far right side of your screen. Jim, i want to know where you think we are now you have great vaccine news. Its consistently great. Were not that far from 30,000 on either day we have headwind tailwind. Each day you can make a tailwind case i can make a tailwind case that you have to buy the airlines right now. This norwegian cruise deal is done, you want to buy that group. I can make a case that you have to buy the stay at homes, the deep cyclicals, a case for the technology stocks. This is what weve looked for. Thats why i came in gunning for the armageddonists theres a fabulous piece out that covid did not rescue the armageddonists from underperformance and purgatory its time to call them out im asking all the panelists to call out the people who said it was the end of the world call them out. Well, weve gotten great vaccine news it sounds like to me youre saying you can still buy the cramer covid index and i can still buy the cramer ghost stocks. Thats exactly what im saying the idea that its a false dichotomy. Ive got plenty of cloud stocks working incredibly well because people recognize that the cloud is still the answer. Listen, bill gates this morning talked about how people arent going to go back on planes a lot of these companies are about that a lot of companies have come in ingrained in the american way of life i think theyre not going to go out. And then ive got to the only theory that right now i think could hurt the market is one that Graham Allison proposed in a really interesting article in the atlantic in july trump may not relinquish power you were talking about that earlier this morning do you really think that thats a risk that investors need to consider does he impress you as someone who thinks theres such a thing as the hook . Have you read his tweets i have. I mean, have i to tell you, if i were biden, i mean, i would say, i need a recount. I think im losing can anyone any one of you people, can you create a scenario where President Trump says shakes bidens hand and says, good luck. No. But that doesnt mean hes not going to leave office. Why just because those norms are not going to take place. Look, im trying to play devils advocate i think i think the market, steph, has been too complacent about this issue like jim. Weve been talking about it on this show. You have two universes you have a universe in which biden was elected president and another universe where the current president doesnt think he lost. And the market has been able to brush past all of that until when, steph . This is 2020. This is what were living through. Im not even sure what is important in terms of the presidency its more important of congress. If congress is a mix, and it looks like its going to be, but that is the key to me because a mix means gridlock as an investor, i want gridlock. I dont want massive policy shifts either way. So, i have to say this market has been resilience because slowly but surely visibility is improving. Yes, progress on the vaccines for sure also on the economy, you know i always list a couple of data points today we got Single Family starts the best since 2007. Yesterday nhab was the best on record retail sales slower. That is progress on earnings, 85 of the Companies Beat earnings. They sound more confident. They sounded so much more confident that theyre doing m a at record paces. M a was up 100 year over year good risk assets and more cyclical than the stayathomes only because the valuations are so depressed i fully expected when we were going to have this conversation that you may suggest that the cramer covid index was about to go on the shelf. The vaccine news is fabulous yes, we have to get across the bridge, so to speak, from here to there, but maybe it is time to start looking at those reopen ams. There are two components trumping everything. Theres the stayathome and then the workathome and i think theyre very different i think when we get a vaccine, we will go out and about, but were going to buy cars. Steph loves cars we are going to be building new places, new homes. Thats nothing changed there many of the covid index are lets put them derivative of zoom or roku were going to hang out. We are not going back to the way we used to be and you guys all know, judge, its cheaper for companies to not have them come back and not go away and not have the three martin any lunches and get on planes, stay at luxury places, four seasons where its fabulous and i love it thats over. Jon najarian, there are things that are going to stay in vogue. There are peloton, crowdstrikes, some other things that have just become a way of life are not going to disappear just because you have a vaccine and you get a shot in the arm. Is that right . Do you agree with that well come back to john. See, he doesnt. We have to work on jons audio which is almost an everyday problem joe, take that same question, please i think you left out one name and thats docusign. I could have gone down the list i stopped. Your points well taken. No, but theres a reason i mention docusign because i think docusign is an example of what i would call an emerging growth stock thats not going away. Theres been this paradigm and theres incredible, scaleable value in docusign. Thats not going away. I think there are select stocks that will stay with us for the duration and that you could still own. Look, what jim and steph are talking about is this broadening out in the market. If you study the s p 500, scott, 90 of the s p stocks are above their 200day moving average we have not seen that kind of broadening out strength since 2014 the move of the market in the last several days seems to be much calmer. Volatility continues to decline. And i think what were seeing is a representation that it does not have to be binary. It does not have to be all growth or all value that can be a blend to both. Yes, false dichotomy. Thats right and that is what is bugging me i think people say, you know what, it cant be growth and value at the same time thats just not true you have all these new buyers. Lets call them robin hood they like things they are going to be buyers of boeing we all knew boeing was going to get approved they were like, wow, boeing. I have to buy boeing they just kind of like the thing, too im going, come on jim. What . Jim, i think theres a big difference between cyclicals and value stocks i really do. Cyclical means youre going to benefit from the economy reopening, getting better. These companies have cut costs so dramatically, the operating leverage is enormous thats not to say i dont want to own secular stocks because we talk about this endlessly. We talk about this all the time. Cyclicals are a little different than value some of them are in the value sectors but cyclicals are the ones you want to own if you think the economy is going to recovery and profits are going to recover someone downgraded honeywell today. What is the point of that . Do you know on october 12th i recommended ford versus gm they were at seven look at those two stocks ford and ge, those are the two biggest robin hood names how smart are those people jon najarian, can you hear us i hear you loud and clear, scott. Welcome to the conversation well, thank you, sir. Certainly zoom and a lot of those countries are going to do extraordinarily well still that doesnt mean their stocks will do as well. Its exactly what jenny was saying the other day its like kleenex, like xerox. Zoom has certainly done that, scott. Can i say that that valuation deserves the sort of endorsement it got during the covid shutdown i cannot for that reason i think the Company Continues to do well and they innovate but i think the valuation comes in line with more of the rest of the market, scott. As that happens, forgetting about just putting aside the competition from google and microsoft and all the rest, log me in and all the rest, i think youre going to see the valuations come down even though the companies do very well. Some of them already have jim, you have teledoc on tonight. Zoom is down 30. Zoom was at 50 times sales. There are some stocks that got overheat i know thats absolutely true. There are other Companies Like teledoc resting. Too Many Companies are in the teledoc business theyre not just that anymore. Theyre also how to beat diabetes, how to cope with diabetes, how to cope with hypertension they have done a lot to make them thin med. Fintech never quit how about thin med, what do you think . Obviously the trend is there. Valuations are pretty high you have to either stick with them, stay patient, own them for the long hall or be prudent. You taught me, trim a little bit here when they pull back then you can reload, if you will. Med tech, thin med, anything health care at this point is also very, very attractive the most the yesterday we had the bottom fall out because of pill pack is anyone here willing to step up and say walgreens, cvs or even good rs buys . Anybody . You know who is standing up and saying health care is a really good buy right now, besides costen and you are Warren Buffett and the buys at berkshire hathaway, but what about health care, jim, as a space to look at i have to go with these valuations i remember when bill clinton went to the ceo decided merck was worth a whole lot less and the industry was going to be crushed. We are in a period where people think this industry is going to be crushed mckesson is distributing the vaccine. Mckesson is integral to the Health Care System i dont think thats a mistake to buy i think thats a really interesting stock. I think its hated look at united health. See that go up yesterday i want hated i like hated joe completely agree. Technology is coming for health care in terms of disruption. Its the next sector in which you will see price transparency, which is clearly missing in the sector day like today, thermo fisher. Down significantly i think its down 15 pressing towards its 50day moving average. I would step in, buy it there and i just might do it myself later on in the day. I agree with jim health care provides a tremendous opportunity when looking at growth and value. I think the Health Care Story, unfortunately, was misplaced earlier in the year. It was all about biotechs. Theres way more to the Health Care Story and that along with the industrial sector, i think, is going to benefit from technology jon najarian, you have the action i agree. The largest maker of vaccines in the world, scott, isnt any of the names we talked about its not pfizer. Its not ma determi moderna its glaxosmithkline when they put together more of these vaccines than anyone, thats where the rubber are meets the road the creation of the vaccine, my hats off to them were all rooting for it then its the delivery of it and so forth these are the kinds of companies, glaxosmithkline, sanofi, these are the guys that actually get it out there, scott, in the sorts of doses that are in the if you need a booster shot, 30 billion doses because were talking in the neighborhood of 15 billion folks need this and that second booster shot and so forth to carry them on. I think those are stocks that have not been talked about enough they deserve some as well. Like joe said, not just the biotechs some big pharmas do the heavy lifting. I want to get back to Something City of said earlier as we have this conversation about the transition and how messy it feels right now and how messy it could still become, there are several weeks between now and january 20th, lets assume just for this conversations sake that the transition happens that we have a transition. I know how far fetched that seems to have a conversation about that. And then you get back to a goldilocks scenario. A biden president , maybe a republican senate, under that scenario you have no tax hikes, the likes of which biden was talking about. You have spending but not huge the likes of which biden was talking about so you dont have rates going crazy. You have the fed all in. You have the vaccine coming down the pike thats great for stocks. The only thing youre missing is a stimulus package, which is driving us both nuts i do think the only thing that first of all, i agree with that scenario the question is, are we anticipating that scenario is so much of that in the market i would say when you see stocks go down that reported great numbers like walmart and home depot, youre already getting a chance to buy them again why . Because those declines are presuming that the comparisons next year are going to be too hard i dont think so i think a lot of these Companies Like brian cornel said today, they have picked up a giant amount of allegiance i think these companies have wiped out a lot of Smaller Companies because theres no stimulus i hate to say this, but i think congress has doomed so Many Companies. The president has doomed so Many Companies. Youre going to get walmart, its amazon, its target, its costco, its home depot. I still think lowes i dont think lowes is a sale here thats who won they dont have credit lines they cant keep up theyre the empty support front to the country i think thats a terrible thing but nothing to do with the stock market its shameful its shameful. The lack of stimulus is shameful jamie dimon cites, quote unquote, childish behavior on the part of politicians its shameful. I dont know how to put it. Hes not ashamed. He doesnt play for dinner tell us the truth. Its incredibly frustrating steph, go ahead im sorry i still think we will get a fiscal package, we just dont know the size or the timing. It is shameful for sure. I wanted to say one thing about what jim said about the winners. Theres also a coincidence they have invested heavily, aggressively not only in the past year but the last five to seven years and they took it on the chin think about a year ago what brian cornel had to do he had to slash costs and change their mix and make changes and get the right products in the stores that goes to all the companies you talked about the one you mentioned. This is a terrible, terrible environment for the smaller players but the big guys stepped up thats why theyre doing so well because theyre now actually able to outperform in profits, in sales, in margins and market share. Youre absolutely right i visited with brian cornel in flatbush neighborhood. It was booming he chose to be bold. He was bold everywhere remember when everyone said, you cant do the small formats that works then were not even talking 5g, which is why dupont can be a good stock we have so many secular themes are terrific that i cant just write this market off after this big run. Im not going to be one of these armageddonists holy cow im not going to name any of them one time i was on the judges show and i named them and im not doing that this time i am ten bears and i come in peace. You raise an interesting point. Its hard to be negative given the reasons i laid out and what pfizer and moderna have told us over the last ten days theres so much optimism around that then its like the economy and the issue jim raises about lack of stimulus, its why you can be positive the market and negative on the economy and the heartbreaking side of this pandemic which continues to impact so many millions of people exactly right were going to see some sort of stimulus its unlikely georgia flips, its likely to be much smaller even than what was offered in august nonetheless, you have to dance with what you got. The market youve got, not the market you wish for. When i look at jims winners and why theyre so successful, the big invested like steph said and are set up for this. Also, they created new categories they did it off amazon because when walmart adopts the equivalent of a costco or sams club except with delivery and target does the same thing, that makes those clients even stickier, scott. We knew that was coming. We talked about it this week they approved it how many more Digital Sales did they get they blew it out those are going to be the stickiest customers because they paid that annual fee, just like when you go to costco and pay that annual fee. Youre going to go back there. In the case of these, you dont have to go they bring it to you theyve made it so much easier i think, scott, were going to continue to see that play out over the next weeks and months and i think the surprise could be if the stimulus ends up being instead of 500 billion or shy of 1 trillion, maybe its nudging over 1 trillion, thats the surprise were not anticipating anything in the 2 trillion or 3 trillion this whole conversation has me thinking about the banks. Without stimulus, youve got all of these smaller businesses that are at risk of failing, which is a weight on the banks. You have, who knows, the possibility of bigger businesses getting in trouble the prospect of economic turnaround happening faster maybe pushed down the road, which is not good for the banks. Rates stay low the stock market can go up in that environment but the banks cannot thats right. Look, First Horizon is a fantastic bank based in memphis tennessee. It has an amazing ceo. They have an incredible record and it doesnt matter because people have decided they have bad loans. They are conservative lender 4. 8 that gets left behind. I had a company on last night. Its symbol is ride Lordstown Motors they have nothing but they have hope they have hope they have an interesting pick up people come in and they buy that the younger people never seem to run out of money robin hood on tomorrow night theyre going to become public they buy things that are they researched them and say, this is a great new thing. I dont know how you fight them. You dont know how you fight the specs and the 5gers, and fight the urban to suburban and fight the new ways people do business, docusign, joe. Theres just a lot that works. Now its the oils. Its been pretty remarkable, the moves. Look, there are parts of the economy that are struggling. We talked about it travel, leisure, hospitality some banks will have exposure to those industries and its not going to be pretty its all the reason why we need a fiscal stimulus to help these parts of the economy and other parts are doing quite well housing, auto, several areas within manufacturing, parts of the consumer are doing well and, oh, by the way, theyre saving at record level at 14 versus historic 5 . The consumer has some spending power. I only own a few of them wait, wait. City of, you added to Morgan Stanley. You added to the banks at the same time a Warren Buffett is bailing on almost everything except for bank of america and your old pal cramer, i dont hear him too optimistic about the banks, regardless of whos running them, regardless of what footprint they have, the environment has been horrible. Why are you adding to Morgan Stanley . Morgan stanley is up 16 in a year thats nothing to sneeze at. I like Morgan Stanley because gorman is doing the right things he doesnt want to be dependent on a yield curve only. Eaton vance and etrade. The diversification is the reason they grew 17 in the quarter. I like that story and its rated two times book its not that expensive. Wells fargo is an absolutely several situation. Its about charlie scharf. Hes been there a year now well start to see some results. Make the banks smaller, more manageable by the way, hes lowbald, kitchen sinked all the numbers across the board i dont think much has to go right for wells fargo to work. These are all special situations i dont want to go blanket owning banks steph makes that pitch to you, jim, when you were working together and your response is what Morgan Stanley has a special situation to the acquisition people dont realize all the acquisitions to make sure he has a division that allows you to get all these rich people from these ipos to have a 401 k hes done quiet things to make it a little absurd its this low. I think Morgan Stanley is fine i dont understand a city. It is under a fraction of book value. Im not going to say, its time to buy i think bank of america has had a very big run goldman is intriguing. If only because it, too, is around book value and has a lot of optionality gorman is trying to make that so its not Just Another Bank he, too, is trying to be fintech. He might be able to pull it off. Hes not going to be paypal or square those stocks are sainted hell be something in between that and city. Joe, when it comes to financials and bankrelated stuff, youve been talking about. Oil financials, if you will, right . Thats my way to get Energy Exposure i own a texas bank which has exposure, tcbi, within financials themselves, i 100 agree with stephanie on Morgan Stanley. Its a name i own. Ill see your Morgan Stanley, raise you a goldman sachs, a t. Rowe price banks are going to continue to struggle Money Center Banks will be challenged by what you were discussing before, which is the absence of support for main street in the economy and by a yield curve that cannot seem to gain any form of momentum in steepening. Great analysis. Really is a great analysis. Lets take a quick break. Well come back. We are going to talk about our call it is about under armour get jim and stephs trade coming up back right after thi. Welcome back, everybody. Im sue herera and heres your cnbc news update a federal judge has blocked the deportation of unaccompanied children crossing the border illegally. The Trump Administration said it instituted the policy. The Trump Campaign is paying 3 million for a vote recount in two wisconsin counties that include the democratic strongholds of milwaukee and madison. The u. S. Has dropped Drug Trafficking and Money Laundering charges against salvador secretary of state mike pompeo announcing new u. S. Sanctions on iran president elect biden has said he intends to resume relations with iran. Youre up to date. Thats the news update scott, back to you. Thank you, sue. That bullish call on under armour, upgraded, 20 is the price target i have another set of numbers for you. I got down 24. 5 year to date compared to nike up 31. 5 year to date. Are those the only numbers that really matter here well, sort of it tells the story nike is executing. 82 versus 75 sequentially and the important part about digital is it carries 10 higher margins. The more they increase digital and online, which is 30 going to 40 in the coming years, that will help the bottom line and the operating leverage under armour, you know me, i love a turnaround story but this seems a bit hard. It seems like, yes, they can improve on product, improuf on costcutting on their supply chains the new ceo has done a lot of things, and i do think theres margin upside. I feel like the jury is out on the product side when you have a competitor that is so large like nike doing it all right, it is easier to just own the one thats doing it all right. How do you counter that, jim, if at all . Matt boss had a super piece out about jpmorgan about nike theyre making a fortune nikes partners with the chinese. Theyre going to do even better. Nike is a juggernaut why i say that is its barely up today on that call i would prefer that to under armour under armour sold my fitness pal and somehow they got 300 million for it, i started thinking, maybe theyre going to do whats necessary and become lululemon for outside. One of the things thats amazing my hats off to kohls they talk about leisure wear double down on leisurewear, think about reducing the shoe footprint and then id like it more its a work in progress whereas nike is cheap. If china comes back on, and eunice yu had such a piece this morning. You have to get up at 2 30 like me and steph and working out and running seven miles like she does eunice yu had a piece out, china is booming its like it never happened. Its like the pandemic never happened that makes nike incredibly undervalued. Which is why, joe, you own nike and lulu. 100 . That doesnt mean under armour cant have a rally towards 20 but everything jim and steph have spoken about, i agree with. Ill add one more thing. When you look at s p 500 companies and you identify for the Consumer Discretionary sector, the esg stocks who are showing the greatest strength in the further adaptation of esg, number two is home depot guess whos number one nike think about efg investing and when you do that, you think about nike thaueres nike shares. Jon najarian, you wanted to Say Something . Yes, thank you. When under armour broke into th mainstream, its because they had edgy commercials, the compression wear was great but edgy commercials with big stars. Now with digital on that side, they are way behind. To stephs point, 82 jump over at nike. You know what was at under armour 30 of their sales they have to do something, scott, to make their digital feel more like those original ads where it grabbed you and so forth because theres so many sites you can go to buy athletic wear nike continues to do a great job with theirs. Meanwhile, under armour is just sort of watching everybody else and wondering whats going on, apparently yes, the stocks up from 8 in may to 16, but i dont know how it breaks to the upside unless it can address digital in a big way. I couldnt agree with you more its almost like this was a moment in time stock it was the personification of edge you had an edgy brand. You had the most edgy of ceos and founders who was going to get right up in your face and tell you they were going to beat nike at nikes own game. You had the commercials, as john said you have athletes like cam newton, wearing under armour steph curry winning multiple nba championships while endorsing those sneakers it was a moment in time that feels like its past. Altering that period, as jon said, nike was ending on technology when you go to the nike store on fifth avenue, no one was carrying a bag out it was just the idea of visualizing. We all made our own shoes. Then you start seeing these stock where people are trading lebron shoes it was cult and also technological. Yes, you have to hope that kevin plank can get it together again. They have a terrific ceo who i think is trying to do a good job. The Technology Spend must be made look what happened with lowes and home depot they spend nothing on Technology Home depot spent a for tour but they didnt bring in under armour. Look at what nike has done. Parker was a technologist. Plus he made a deal with the ministry of sports in china. That was a good call, wasnt it . Kevin plank, he foresaw what was happening with technology and Athletic Apparel and things like that. They invested heavily in tech. But tech apparel. Not tech i know he has salesforce in them id call marc benioff and say, whatever you did for adidas, do that for me. Im not talking about the technology of the product. Im talking about the notion of direct to consumer its exciting to see direct to consumer. Let me do this. I have to take a break you just took a break seven minutes ago. Its unusual. What kind of show is this its unusual in its own right but the real unusual activity is coming up with john thn najarian this was the theater i came to quite often. The support weve had over the last few months has been amazing. Its not just a work environment. Everyone here is family. If you are ready to open your heart and your home, check us out. We thought for sure that we were done. And this town said not today. Adapting. Innovating. And tlsetting the course. Oday. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. Were back unusual activity time. Doc, youve got a bunch. Talk to me nikola, this one getting a lot of love. The 24 calls that expire this week, the 25 calls that expire next week. Sonos, this one were in the april strike calls because thats april, ill probably be in them about two months lastly, a third for you, and it is virgin galactic, spce these are the dec 28s. Ill probably be in these two to three weeks. Coming up, a big day for our joe teranova and his investing strategy for over 30 years, lexus has been celebrating driveway moments. Heres to one more, the lexus december to remember sales event. Lease the 2021 is 300 for 339 a month for 36 months and well make your first months payment. Experience amazing at your lexus dealer. Find a stock basedtech. On your interests and well make your first months payment. Or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Before we talk about taxsaudreys expecting. New . Twins wed be closer to the twins. Change in plans. At fidelity, a change in plans is always part of the plan. Its time you make the rules. So join the 2 Million People who have switched to xfinity mobile. You can choose from the latest phones or bring your own device and choose the amount of data thats right for you to save even more. And youll get 5g at no extra cost. All on the most reliable network. So choose a data option thats right for you. Get 5g included and save up to 400 dollars a year on the network rated 1 in customer satisfaction. Its your wireless. Your rules. Only with xfinity mobile. Welcome back joe teranova has created to positive technical momentum. Today vertis Investment Partners is launch iing i thought it a going to be bhsh you know what that stands for . Buy high, sell high. Buy high, sell higher but you went with joe t congratulations. I know this is big news. Youre excited about it. Tell us about it. Well, and thank you for that. By the way, this does not help this does not happen without you and jim and steph and all in the halftime universe buy high, sell higher basically higher High ConvictionInvestment Opportunities thats exactly what were doing in the introduction here of a new strategy theres this debate between growth and value im not trying to offer a solution for that debate im offering a compelling alternative in the capacity of a better index so, its 125 large cap u. S. Equity names equally weighted. They are initially screened by momentum, which is so incredibly important Capital Markets right now because of the quantitative participation. And then graded further by quality. Return on equity, debt to equity and annualized sales growth over the prior three years. Youve got 125 names that i truly believe will offer an opportunity for longterm investors to gain index exposure. Tech the biggest weighting at 32 . Jim, i want your take on this. You have holdings, tried and true names adobe, amazon, apple, amd and on and on and on. Pretty good list. I like it i like it because the s p 500 is made up of a lot of losers that i dont want i wish they were culled. Youre not allowed to do wish td youre not allowed to do that, but joe did it he called the losers i mean, its like the hunger games. These are the ones that get to district 13 or whatever, and i find that what has happened is the young people the young people will go crazy for this. Why . Because they want to own the good stocks that are in the index. Now the late late i cant really do that i come back and go with peter lynchfield which most of the young people note winners. I urge them to look at them. Dont be blind about it, but ive wanted an index like that ever since the prudential base had the had the thrice blessed, right, steph . Oh, yeah. That was actually a really great product because it encaptured a lot of various different methods to look at stocks so it was technical, quantitative and fundamental, and now in this day and age its also est, too, so you can kind of use awl for you of them and the performance over time shows that those kind of stocks have been check marked from these very different assets are actually outperformers over time. Terrific. Joe, ill give you the last word, and you added two stocks recently abvi and syntas . An excellent played because on objection 30th both went into the index, and a lot of my personal portfolio will reflect what im seeing within the index. Both of those screened very highly on quality in recent quarters, and thats the reason why it elevated the in the index. It was included, and thats why i purchased both of those names. Proud moment for you. Were proud of you congrats. Joe, congratulations. Congratulations. George t. Is the index to follow. More trades ahead as we go to break. We talked target, the earnings, qualcomm, gm were back in two minutes. Sometimes, you want speedy but reliable. Stateoftheart but dependable. In other words, you want a hybrid. So do telcos. Thats why theyre going hybrid with ibm. A hybrid cloud approach with watson ai helps them roll out new innovations anywhere without losing speed. From telco to transportation, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. Good work little buddy. Before money, people tools, cattle, grain, even shells represented value. Then currency came along. They made it out of copper, gold, silver, wampum. Soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. Thats why its time for Digital Currency and your investment in the grayscale funds. Go digital. Go grayscale. Time for the futures outlook. Bitcoin is hitting a threeyear high jeff kilburg is hitting the high for the trade. Just about 18,000. Judge, its moving. Were seeing a surge 18,000 eke waltz a 350 billion market cap what really changed . Why has it gone from 12,000 a month ago up to 8,000. Because of paypal. Paypal said their network of users can now utilize bitcoin and other cryptocurrencies what im looking at right now is a price discovery. Seen a wild ride had a handful closed at 17,000 and i want to be a buyer i want to go here and retest the highs. Im buying it at 17,500 looking for a move higher to 18,500, but im being mindful putting stop on at 17,000 even and im risking 2,500 to make 5,000 but were in a crisis every rng moin and well see bitcoin continue to move higher in a very volatile manner. Good stuff. Thank you. We take another break and come back and do final trades next. Jim, mad money tonight tell us. Telecoc merged with lovongo you know what i mean. Its not going to be the mutual and one of my companies biohaven, an underlooked stock, this is a migraine play but have something for alzheimers, and i do understand why people do not look at this stock bhb and look at the chart. Migraine and alzheimers, this is an amazing how does this stay independent i do not know. We look forward to that program tonight. Before we do final trades, jim, quickly, give me your look for nvidia after the bell you own it. Look, i think that nvidia is maybe the owner may be the greatest executive of our time and when they first report, they wait for call and then buy. Wait for the call thats the word from jim cramer. Stephanie link, what have you got on the final trade tjx, they beat on earnings and growth margins by 300 basis points home goods is on fire and the tock is up 4 on the year, so i think its catchup. Jon najarian . Mro, marathon, bought the stock during the show. Oh, okay, interesting. Holy. Joe t. Jim is so right on honeywell, i own it and buy it here even though its pulling back. Jim, youve got 15 second leave us with a fat. I think waste management, believe it or not, people are recycling again newspapers, waste management, wow. Its making it on the back end. All right well take a quick look at stocks on our way out here s p is in positive territory keep our eye on things that are happening on wall street that does it for us. The exchange is now. Thank you, scott, and welcome to the exchange, everybody on this wednesday. Im kelly evans. The market handoff one strategist says the rotation is ahead and one that says goodbye to fed independence and hello to growth. Well explain. Plus, the trillion dollar cushion. Consumers are sitting on a lot of cash right now. How that will impact the holidays the recovery and the next covid relief package, and bill gates shorts Business Travel selfpickup perks up