All. Lets get to it. We kick things off from a monster move from microsoft. They are surging josh lipton is fresh off the call whats the news here we have microsoft executives talking to analysts. Cfo amy hood saying commercial cloud 16. 7 billion with growth accelerating calling that an overall p. C. Market that was stronger than expected the ad market showing improvement of course benefitting search and linkedin. In Broad Strokes were seeing a new age of Digital Transformation and microsoft is powering that with the Cloud Platform and investing to bring more customers going line by line linkedin revenue up 23 and record levels of engagement. Teams 60 million daily active users on mobile alone now and gaming surpassed 5 billion in revenue for the first time the launch of the new console was the most successful. Were gaining console share. Did you say 60 million daily acty users on mobile alone 60 . He did talk about teams and gave that stat 6 0 million daily actactive uses on mobile. Josh, keep us posted. Josh lipton. Were seeing those shares up really holding onto the after hours pop initially when the Earnings Results were released dan nathan, anything change your mind on microsoft here in terms of valuation no, its interesting. It hard to get a sense in the after hours mel, like you said the stock is trading 240 the Options Market is 4. 5 on average the stock moved 3. 5 over the last four quarters. Let see how the stock acts tomorrow morning the good news which was expected might not have been baked in yet the fact of the matter is, its like who out there is left to buy this stock if youre a technical trader, fine you may want to play for an epic breakout after a long consolidation but when you consider where the market is and how crowded the trade is, the news is good it has to continue to consolidate and figure out the next leg and catalyst for the stock and how meaningful with the breakout. Tim seymour, what did you make of the line items josh highlighted . It 12 of sales its an extraordinary area for them and i think a higher margin area for them along with just the fact that the sales mix from cloud and the margin enhancement with that is continuing to be well north now of 40 . So look, yes, who is the marginal buyer of any over weight mega cap tech stock at this point with some of the liquidity trends we talked about in the previous hour for the market overall microsoft has to be as an over weight position as there is out there now. Guy adami, for any tech stocks like apple that hit an all tyime high yesterday, you could say who is the marginal buyer and here we are . The flip side of the coin, the microsoft quarter give you a compelling reason to get out of the name and take 3r0profits an thats a back and forth. Hes going to be correct is actually more than apple and things that stuck out to me is operating margins with 41. 5 which is staggering and he mentioned searches and you have to do the read through what does that mean for google or alphabet . Thats a stock thats been on fire since their last quarter. I understand why valuation is concern and i understand in terms of who is the buyer but nothing in this report, nothing that ive heard obviously in the last hour or so is forcing anybody i think to hit the sell button now. There are a lot of extrapolations we can page on other companies whether because of microsoft cloud or game pass or from teams, dan. Yeah, well, you know, mel, you bring up three areas that uniquely benefitted microsoft. If you thought this was a one or two quarter pull forward last year, then youre riwrong, right it been an acceleration of the trends microsoft has been positioning for over the last few years or so. I guess at some point what you have to start modelling for fiscal 2022 and were half way through the current year of 21 is what is this Company Valued at with earnings and sales these guys talked about fantastic operating margins at 41 . At some point this is going to see some deceleration and i made the point in the last hour im not making a case to sell the stock. Im talking about it here. Is it pounding the table to go out and buy it here and now . I dont think so because based on fiscal 2022 you have a consensus at 10 Earnings Growth and sales growth and trading 31 times earnings that seems at 15, 16, 17 year highs unless were throwing out the playbook, the old playbook and moving, you know, the goalpost here and as tom lee said in the last hour, the right multiple is going to be 30 times for stocks Going Forward if thats the case, then it cheap as hell and you better go in and buy it now. I dont have that playbook right now. All right let put a pin on that. We have breaking news from washington reporter Patrick Lahey has been taken to the hospital after he was not feeling well while in his off an capitol hill this afternoon. Just today lahey was sworn in to provide over the impeachment trial of former President Trump and he is third in line in president ial succession. His office says that he was examined at the capitol by the attending physician and he was taken to a local hospital out of an abundance of caution and hes being evaluated. Democratic senator Patrick Lahey now at the hospital after falling ill. Thank you lets get back to microsoft. They are ticking up more than 5 lets bring in jared weiss at jeffreys for his thoughts on this quarter jared, does microsoft deserve thevaluation it has . By all accounts, it was an unbelievable quarter youre talking about revenue at this scale, 4 3 billion dollars up year over year and listen to what the ceo and clfo were talking about, Digital Transformations accelerating amazons cloud offering grew by 48 year on year this quarter. It showed szero deceleration an street and by side bracing for a descent deceleration and shows the resiliency of this model amy, the cfo talked about the pandemic sectors hit the hardest starting to recover. So at the end of the day, you know, its very it tough to make a valuation call because the market is sitting at all time highs but look at a structural grower growing by 17 giving you the operating leverage, you know, the bulk is resinating here in all aspects of the business are taking off. How do you connect the dots to other companies in terms of strength in microsoft and where else we can see the strength or competing well against another company . Absolutely. So if you look at the biggest drivers to the top line beat this quarter, their window grew by 1 year on year might not sound that much but the street was calling for a 10 decline. Thats a large delta we saw strength from intel last week they beat revenues by 2. 5 billion. I think it speaks to the rest of the pc supply chain with strength of the business the other obvious segment is the cloud offering showing robust growth at 48 year on year i have to imagine that that bodes well for the Cloud Service providers when you think of amazon and google with their selective offerings, really i think that speaks to the critical point here when you go over the last nine months, weve had so many Digital Transformations that occur at such a rapid pace because of covid and benefitting all of the csps in a very significant way. Hey jared, it time. In terms of what is going on in the chip sector and looking at amd and Texas Instruments and there is this real disparity, obviously, between the function of a lot of these different chips and really where these m multiples trade. Semi conductors and if you look at something that will track the sector has led tech every single time and seems like it kind of let us into this Earnings Period which is also extraordinary. So what part of the semi sector are you most excited about here and what is worth the multiple yeah, absolutely, tim semis continue to remain my favorite sector. They had a strong year to date run but i think that strength continues. When you look for recovery plays, you know, all the conversations that im having with clients and investors are how do we think about gaining exposure to the recovery and hopefully a post covid world and that will start with analog semis and restocking and leverage to the industrial and automotive trends and seeing ti crushed numbers this evening they grew by 22 year on year driven by automotive and industrial and this is a large gdp and posted that 22 Revenue Growth and the thing to keep in mind there is inventories are on the decline. Its the perfect storm for analog semis where you have restocking that is occurring because they are reselling and strong and that certainly benefits the group and the other obvious subsector thats benefitting now is compute when you think about the infrastructure built out to support the work from anywhere type lifestyle, they are benefitting. You have 53 year on year Revenue Growth as the pc server and Gaming Business absolutely accelerated in a meaningful way you would choose intel over amd, do i have that right . When you look at the risk reward between the two, its interesting. If you take a step back with respect to what happened last week at intel, they beat revenue by 2. 5 billion versus the street right . A massive revision they accelerated process technology road map versus expectation and gave a guide that was above the street and the new incoming ceo who is well respect ed came on the call and talked about committing themself to the ibm model and device Manufacturing Type model where they will manufacture their tips in 2023. So when you combine that in the context of where the stock is trading at a 50 to 60 discount relative to the broader group, you know, a lot of conversations im having with investors are how do we think about the relative risk reward in intel versus amd always great to get your insights thank you. Lets get back to josh lipton hes got more from the call on microsoft. Microsoft cfo amy hood giving guidance and you see the stock taking another leg up. She goes segment by segment. Productivity and office 365, lin linkedin, 3. 65 and that was stronger than the street was looking for. Intelligent cloud 14. 7 to 14. 95 billion against stronger and the street was forecasting and finally, more personal computing 12. 3 to 12. 7 billion and the street closer to 11. 6. She called out gaming said they look for Revenue Growth driven by the consoles. Amy hood saying we executed well. Josh lipton, stocks up 5 i dont know if you want to comment on microsoft or jareds choice of intel over amd. No, i understand what jared is saying about intel. Dan would probably agree and by the way, we talk about at 5 0 o 0 dan talked about intel and valuation, intel is a much more compelling case. I totally get it ill bring up Texas Instruments real quick because why not it was a very good quarter and he mentioned a Revenue Growth if there is a problem with Texas Instruments, youre not getting the same growth. You have big operating margin beat and their profit in one of their segments was significantly better than the street was looking for. My problem with texas gear is not Revenue Growth but eps growth and i think its getting dragged up with the rest of the chip in order if you want to play the game, id rather amd over intel. There is no game but i guess you can play it if you choose. [ laughter ] tim, i dont know where you stand on any of those three. I stand offended he played the game by himself. Its an embarrassment just kidding. Its fine. Intel over amd im long intel havent been happy with the path forward and a lot of the news flow and i think texan over amd, as well but intel over texan and it really a function of both. I think the story line at intel is far from exciting and bullish but this is still a company that had a record top line year in the last fiscal year and as enormous cash flow so there is a lot to fix there theyre going to fix it. I think the story at texan is yeah, a little more commodity and higher multiple. I think thats why we play would you rather rather. Favorite chip stock, dan . Id say intel and i think that, you know, often times, you know, you hear that old saying in the markets about buying low, selling high you know, weve been conditioned over the last few years to buy high and sell higher everyo every once in awhile you have a Good Opportunity to buy the value when the sentiment is poor in front of some sort of big fundamental shift whether it be secular or whether it be relative to execution and i think thats probably where intel fits right now so i think somewhere in the mid 50s where the stock is right now is probably a really nice opportunity. You have risk to the downside of about 10, 15 but to the upside, you have up to 70 over the next year or so if things go right under new management. All right. Coming up, the reddit re rebe rebellion. One former scc attorney thinks so and will make his case and free fall today, whats behind this move and is there a buying opportunity and you have questions, we have answers chor them coming on. Mu me ahead in this bonus hour of fast money. Tmobile knows the new year brings big news thats why were bringing out our best deal on the new iphone 12 with 5g. Right now, get the iphone 12 on us on every single plan. Switch now and save 20 on your bill versus the other guys. And thats not an introductory rate, thats the best value in wireless. Thats right. The iphone 12 on us. On americas 5g leader in coverage. And save 20 per month. Share big moments and big savings at tmobile. Shall i put her in snow mode . Nope how about offroad mode . Why . You know what . Ill be in chill mode. [sfx button click] propilot assist with navilink. Available on the allnew nissan rogue. Welcome back to this bonus hour after fast money we have a buzz kill with Freeport Mcmoran they cut pro duduction targets. Resource trade and following this closely. I wouldnt run too far away from this one even after a 16 pull back in the last few days as if somebody knew what would come out here stocks still up 55 in the Third Quarter and still, you know, very much on an upward trajectory. The things concerning here, right, Software Outlook for golden copper sales. The thing that worries me more knowing the history ex kno and g the history of the sector is the guide for 2021 and i dont want to see i want to see Free Cash Flow and when i look at mining companies, its a prove me wrong in terms of how they approach growth and it used to be growth at all costs and their Balance Sheets cant with stand it they are quite profitable. Ebitda by 15 . I think this trend continues higher i think weaker dollar and global acceleration and infrastructure buildout and i think actually copper prices go significantly higher and theyre at 8. 5 year highs right now. What do you think is wrong with the quarter, guy . It was in line. I mean, when you had a run from 15 to 33 basically since september, you need more than just an in line quarter and maybe the guidance scared some people ill say it why not . Thats something we said in the day. I think the dollar is going to its hard for me, tim, as you know im challenged in a lot of Different Things ill say i think the dollar is going to continue to get t torched. I think every rally will get shorter and shorter in duration. If you believe the u. S. Dollar is headed lower in 2021, stay the course understanding youll see moves like this over two or threeday period i dont im not scared. I think below 24 i would be concerned, i dont think were getting there, though. What is your favorite weak dollar trade, dan . It would be long of guys gold, the gld but the thing cant get out of it own way. The thing has been in this horrible down trend from the august highs and found a little support of late here but thats the one. If you think that, you know, if you think the dollar is going the way the guy thinks dixie among the 80, the other thing a lot of kids today and maybe the reddit crowd, theyre buying digital gold and bit coin. Maybe thats why gold lost a little luster of late. Coming up, another big move for game stop. The stock is soaring in the after hours session. Coming up, youll hear from one former scc attorney who says the big move could raise red flags and later, twitter on a tear well break down how to adtre the social stock that and more on this special edition of flat money. Welcome back to this bonus hour of fast money. Game stop surging again after hours with so much volatility surrounding the name the next guest says there should be more than a halt on the stock. He thinks the scc should suspend trading all together on game stop let bring in Jacob Frankel, a former season your counsel for the Enforcement Division great to have you as always what in your view is going wrong here this is a group of investors on a social media site. Well, there is nothing wrong with the free speech but what we really have here in my view is a kids gaming stock that needs adult supervision and i think that adult supervision is probably an scc trading suspension everything thats going on is certainly going to invite an scc investigation. The whole purpose of a trading suspension, which is different than a Circuit Breaker is the scc has thadministrative ability to suspend trading when there are questions about the accuracy of publicly available information and you have a competing dialogue as to what really is going on at the company and motivating the trading and the stock where the shorts and the longs but also, one of the basis for a trading suspension is, you know, is a possible or potential stock manipulation that would be something that the scc would look at. But again, when you have this level of volatility and a Circuit Breaker is not sufficient or not accomplishing their objective, that really is the next option and just to be clear, a training suspension is not permanent. It is a tenday trading suspension within the scc Statutory Authority and something that the scc welded 35 to 40 times in connection with covid related stocks. How do you approve market manipulation how do you prove anything anyone is saying on reddit or done with intent to manipulate the stock price and why is this different from investors on an apple threat talking about the stock of apple, just apple is a much bigger market cap and doesnt move as much melissa, thats a great question thats what the scc would look at and what it would look at is it will align what is being said, the accuracy of what is being said and the who is doing the trading and is there some type of big word collusion within that trading. When were talking about many n manipulation, they are looking at active trading for the purpose of raising or depressing the price of a security for the purpose of inducing others to buy or sell that security. Thats what the fcc is going to look at. Its a very time consuming process, stuff i worked on when i was at the scc and found very challenging and interesting because you really are then getting into the motivations and communications and timing and information and this day in age, everything is fast. Well, let me ask you this question and i guess im just going to play the role of devils advocate from the prop proserspective on what ive rea how is this different from a couple hedge funds or a few saying they will go short a stock, theyve communicated by email, one goes on cnbc or twitter and states they have a short case, puts out a youtube video. Isnt that manipulation except on a bigger scale . These are bigger shareholders. They have bigger voices. Theyre the quote unquote smart money on wall street they can get away with it . Thats not manipulation . No, and certainly hedge funds can participate in manipulative activity there is nothing that really puts one institution over a series of individuals. We talk about stock manipulation, i mean, i remember back in 2001 the fcc brought an enforcement case against a 15yearold High School Student for stock manipulation so its not that there is a particular institution doing it, were talking about here is the conduct and connection with this stock, which is experiencing such volatility and a Circuit Breaker doesnt seem to be addressing it. That is an option. Even if the fcc were not to do it and granted the fcc tends to use trading suspensions almost exclusively in the small cap space, the fact is there is conduct here that certainly has the scc likely already investigating and in all likelihood there is also a parallel criminal investigation because ultimately, if you get down to it, you marry the fundamentals of this company with a stock price, i think there are a lot of questions and the analysts are asking those same questions. Mr. Frankel, its time seymore. Thank you for joining us is there anything developing within the scc thats, you know, seeks to at least tighten up the reigns around this because it does seem that these forums are ones that really almost anything goes. Well, it goes beyond that because if you look how many cases tend to be brought around what is being said on for example Message Boards and small cap stocks, that really is the issue. There is the scc will not touch free speech, and what im seeing is not intended in any way to suggest that people dont have the right to express their opinion. The issue is whether theyre disseminating materially false information and for what purpose. Because, you know, that is really the trigger for whether there is security fraud and when it comes to because were talking about an Exchange List security as opposed to what we talk about in terms of section 10 b fraud, anti prod provision. There is another provision in the Security Exchange act of 1934 which is section 982, nine alpha two that talks about manipulation specifically and thats where youre talking about active trading for the purpose of inducing activity and i think thats what the fcc is going to look at i dont think the fcc is talking about suppressing free speech but the source of manipulating activity are very much Message Boards and informal forums and the question is where does it cross the line and thats what an investigation will seek to determine. Just quickly, jake, and my producers will scream at me for this lets say the fcc finds there is manipulation going on. Are they going to fine the hundreds of people on this wall street bets thread i mean, how does that go down . I think there is a question of what is the source of information. It going to boil down to who is saying what and why . If you look at manipulative activity, there is frequently some type of collusive activity. People are getting together and planning out what they are going to say manipulative cases arent easy to make. I dont want to suggest that i think the fcc will bring a case as easily as one or two people as it would against ten or more particularly in a situation such as this we have the level of volatility were talking about. Right. And where it has the opportunity to send the message as to what is and is not acceptable communication in the market. Jacob, thank you for your time good to see you, Jacob Frankel were going to have much more on this retail trading boom dont miss the first cnbc interview with the coceo of robinhood. Dan, your thoughts on this this story has a lot of attention it a retail thing. There is no shortage of hedge fund things that know the game and pushing this up in big, big size obviously, you can go and see all the small amounts that are trading and the frequency in which theyre trading but i dont believe you can have a bunch of know nothings doing this and this sort of activity in the aftermarket i think when it said and done, youll see the institutions were a large part of this sort of squeeze. This sort of magnitude is fairly unheard of ill just mention this, though, this is not new to wall street short squeezes are as old as my good friend guy adami over there and weve seen them before i just think the way in which people are going about them and the way they have been da mockized through social media probably changed here. Is the bird the word twitter shares well break that down next and well take your tweets so keep them cinand lomg wel answer them later in the show were back in two. Welcome back to this special edition of fast money shares of twitter judging 4 jumping 44 . It has a feature that will take down misleading tweets. They are getting into the newsletter business, good for them i think that might be part of it but i think jack dorsey is one of the most underrated ceos in the country. Think what hes done with square and twitter. It remarkable. Twitter continues to be in the up trend since the march lows and has not broken that up despite the move to the downside and i think the stock continues to rally into earnings if im not mistaken on february 9th. It like dan is in your head dan has a chart showing that up trend. Yeah, so guy and i talk stocks every once in awhile. That event is february 9th my view when the stock was in the low 50s a couple weeks ago, once trump levers the platform or forced to be leaved and a lot of his followers leaf, they will see a lot of lower levels of engagement they saw 20 million net ads in q 2 but in q 3 they saw a big drop so i wouldnt expect to see greater monthly active users or m moneytizeble active users. The acquisition of review and then they have a february 25th analyst day and thats the day that i think they start to talk about new innovations that may come in. This is a platform that hasnt changed much lets go to the chart. It stopped to the penny. If you look at the last two times it hit the up trend late june and again in november, early november, the stock over the next two months rallied 40 . So you had a bounce off that up trend, maybe you see back to those prior highs in the low to mid 50s over the next couple weeks. Coming up, walgreens soaring in the after hours trading session. Well bring you the trade and Details Behind this move, next [narrator] at Southern New Hampshire university, were committed to making college more accessible by making it more affordable, thats why were keeping our tuition the same through the year 2021. I knew snhu was the place for me when i saw how affordable it was. I ran to my husband with my computer and i said, look, we can do this. [narrator] take advantage of some of the lowest online tuition rates in the nation. Find your degree at snhu. Edu. When we started carvana, they told us that selling cars 100 online wouldnt work. But we went to work. Building an experience that lets you shop over 17,000 cars from home. Creating a coast to Coast Network to deliver your car as soon as tomorrow. Recruiting an army of customer advocates to make your experience incredible. And putting you in control of the whole thing with powerful technology. Thats why weve become the nations Fastest Growing retailer. Because our customers love it. See for yourself, at carvana. Com. Welcome back to this bonus hour after fast money check out this big move in walgreens. The stock up more than 8 as the Company Secures star power lets get to kate rodgers with the details, kate . Melissa, thats right very, very true. Starbucks is announcing this afternoon the current chief operating officer is going to be leaving the company at the end of february. Cn nrks bnbc matched the wall t journal report brewer will be named ceo of walgreens siting sources. Once that announcement is made, shell join a very short list of female ceos at fortune 500 companies and also notably be the only black female ceo of a fortune 500 company. The challenger also reports more women came into the ceo position in 2020 than any other year. Brewer had been with starbucks since 2017 and previously ceo of sams club so she has experience in both the retail and restaurants world. At starbucks, she was working closely on the companys transformation and store formats including important drivethroughs, mobile order and pay and streamlining the Customer Experience working on things like eliminating certain tasks to f after hours so they could focus on Consumer Engagement in stores and boost the scores there starbucks also teamed up with Washington State on it Health Care Vaccination rollout as did amazon where ros brewer has ties both stocks moving on the news starbucks lower that could be tied to Earnings Report and walgreens got a nice pop on the news at 7 in the after hours trade. Back over to you. Kate, thank you kate rogers. Tim, youre familiar with brewer from her role at starbucks yeah, big loss for starbucks. Congratulations to ms. Brewer. Its an exciting opportunity i think its very exciting for walgreens shareholders and i think the stock has languished looking to complete the long term strategy. A lot of Different Things that have happened already including that Alliance Health care sale, which was very good fo walgreens shareholders and i mentioned some of the initiatives that village md, which is essentially a primary care digital provider gets them into a business they should be in the core focus on retail and digital pharma is where this company is going to be and there is a lot of value there. I think some of the other invein investments they made, they have cash to deploy it an exciting time to be with a company, these are the moments you wait for as investors, this is one of them. Still ahead on this bonus hour of fast money , well see tomorrows trading day and reporting earnings from apple to facebook to tea. Sl you need to watch when they report when this bonus hour of fast returns area homeowners learn how your neighbors are accessing 100,000s with a reverse Mortgage Loan from the bay areas 1 reverse mortgage lender. Lemme tell you something. I wouldnt be here if i thought reverse mortgages took advantage of any american senior. Or worse, that it was some way to take your home. A reverse Mortgage Loan isnt some kind of trick to take your home. Its a loan like any other. Big difference is how you pay it back. Discover if a reverse Mortgage Loan is right for you. Use it to eliminate monthly mortgage payments pay of credit card bills, medical costs and more. With a reverse mortgage you can pay whatever you can when it works for you, or you can wait and pay it off in one lump sum when you leave your home. Find out more, call aag for your free information kit im proud to be a part of aag. I trust em. I think you can too. Call now welcome back to the special edition of fast money we have time to take some of your questions first up, a question on the golden arches. My name is matthew from rhode island new investor just started trading bullet stocks during the first of the pandemic, bought heavy on mcdonalds. Just wanted to know should i hold should i sell after the pandemic do you know if there is news in the pipeline do you know if its going to explode like chipotle . Things like that. Tim, what is your take . Well, matthew, i think mcdonalds is a very strong year ahead of it after the investments they have made in their Digital Initiatives and obviously, remaking the menu, frankly, repositioning the brand and i think this is one of the worlds great iconic brands and cash flowagain reworking to buio position of the next wave of Growth Stocks not done a lot over the last couple years between 215 and 225. I dont think there is a cmg type move ahead of it but boy, that would be fantastic. I actually just think steady as she goes here. Free cash flow generation, a very clear model very big brand at a time i think coming out of covid they have done well in covid and been defensive. I think this is going to benefit from reopening. Mcdonalds or cmg, dan . Mcdonalds. I agree with everything that tim just said. The fact the stock consolidated well below those all time highs from a couple months ago shouldnt be that bearish of this sort of thing weve seen massive rotations here to me, i think mcdonalds sets up for a run back to its prior high sometime in the next few months. From fast food to fitness, alex from new jersey has the next question. I want to get your perspective on peloton stock given the large orders due to stay at homeworkers and peloton expanding manufacturing to increase production and keep up with demand with analysts downgrades, do you think todays dip is a good time to buy for the blowout quarter im anticipating every time i go on the road, i see pelotons vehicles even more than amazons. What do you think . What do you think, guy . Tell alex. Listen, you know what i think. I love peloton im not only a big fan of the stock, im a big fan of the product. My man dennis mortin is who i ride with in case anybody cares. Cares. I understand people will crush this on valuation but i think peloton continues to work in this environment. President biden has one in the white house. Their production woes will be swayed with that acquisition i think you stay the course with pton. Those are my picks. Dan, what are your thoughts on peloton . Yeah, i think that its a great example of where we all have to the product. We love the service. For us, its a good value. I think the precore acquisition is important because there is a lot of people in america who maybe dont want to buy that expensive hardware or dont want their hardware at all or want the streaming service. The issue is valuation not the issue for the valuation now because people dont care about valuation but the report next week and you may see this come your way a little bit and maybe buy it for the earnings. The one quarter where one of the names misses and disappointments, the whole game is up for a lot of these things for sometime to come and you dont want to be the last one trying to play for that last big quarter before people care about valuation. All right next up we have a viewer question on the financials. Hey, mel, how are you doing love the show. Got a quick one for our guy, guy. What do you think of citi these days and when will you wake up and admit the sabers are taking the rangers to town tonight. We mention had had the rangers guy loves so much. What do you tell trever . Ill go financials first. Citi is interesting. They reported earnings with 73. 88 its reasonable in this environment to see it trade tangible they upgraded the stock as a 70 price target makes sense it gets there. In terms of the rangers and sabers, its unfortunate for you. The little time he has left in buffalo because he will be playing for the new york rangers at some point and i like the rangers big tonight coming off a tough loss in pits burg. Figure five two blue shirts. Very Important Information there. Tim, quick thoughts on citi . Yeah, look, i think the rangers are not their year for the cup but the processgress he there is one team for new york buffalo is a great town, great people dream on is that what you asked me . No. Well move on. Oh. Unless you have some quick thoughts on citi citi, remember that big bank ticker c im actually long citibank. This say pull back in banks as the old curve has come back. What happened to the people saying were quickly going to 150 or 170 i dont know you need that i think the earnings season for banks is very, very bullish. The Regulatory Environment is far more constructive than people thought it would be citibank is a lot of operational leverage and how about the provisions, those loss provisions rolling off own citibank. Tomorrow is a big day very, very big day when it comes to earnings. Weve got apple, tesla, facebook, just to name a few that brings us to the next que question. We have the university of North Carolina chapel hill and here today to ask you guys a question about tesla. With tesla approaching 2,000 ratio, we want to know does tesla have to absolutely blowout earnings to continue the monster rally . Or will the recent high ground Growth Stocks continue to intract investors to tesla with minimal consideration to underlying fundamentals. Thanks for your input. I guess you guys got a promotion and sound official now and by the way, they were wearing matching shirts. Dan, what is your take well, first things first, mel, lopner calls his crew the committee. You mixedup guys on fast money for whatever you call the guys on the halftime report. Ill say when you think about tesla, we often say this about stocks that trade 88 or 89 usually they go to 100 this stock, you know, there is i dont know what they will say they give us deliveries. I dont know this group this really good looking group, the Investment Committee we havent been particularly great on the stock go with what the reddit is telling you because thats the way the stocks are trading lately. Okay. I think youre saying that in just knowing you but well move on tesla is among the Earnings Reporting this week. We have a lot on deck. Guy, what are you watching and what specifically within each earnings are you watching . Facebook. To me, i think facebook is the most fascinating one out of all of them. Listen, apple and tesla will be great. Facebook to me, the fact it traded up to 303 in september and pull back to 250 rallied since then, the setup for facebook really hasnt been this good in quite sometime and im somebody who thinks buy the way, that facebook could really be in the back half of this year really whacked by the whole esg investing. So im really curious to see what facebook does and what they say. Thats the one im most focused on but back to nkorth carolina guys, they should be concerned about their Basketball Program thats fallen on difficult times as has dukes, by the way i dont think tesla is an earning story or ever been an earning story. It a momentum story and i dont think the momentum waned at all. Tim, which earnings, what are you watching within that earnings yeah, i wish i could say that the georgetown basketball story was also a top flight these days i think its apple speaking of top flight apple set the tone in terms of the waiting it has for the overall market and the tone set for this week for the last couple quarters. The most important part of the apple story to me really is around the services story and as youve now gotten to this case where there is an expectation of a high teens growth number in services, services alone at this point are a very important part of the company the app store i think grew 40 or expected to this quarter so once again, apple to me is the story that moves the market. Dan how about you . Yeah, i agree with tim and as were talking about with microsoft, apple is at an all time high 1 from yesterdays high i just dont know what the incremental buyer is to break this out in a meaningful way these are 4 trillion worth of stocks well have reactions to earnings we expect to be good. The last thing about apple, if they say there are shortages of semi conductors that is causing them not to be able to sell the phones, thats a bullish thing and investors will blow it off saying that makes me feel better. 20 of the s p 500 reporting earnings this week, guy. Will we change the markets direction based on this week, do you think . Yeah, i actually do think i think the 21. 5 is too cheap and the market is setting up for a 5 to 8 pull back. So i absolutely do think that. I want to say hi to Sheppard Smith as were his lead in tonight and shep is a big fast money fan. What up, shep. Thank you for watching. Thefast. The news with Shepard Smith starts right now hundreds of millions more vaccine doses. Plus breaking tonight, the senator set to preside over the impeachment trial hospitalized im Shepard Smith. This is the news on cnbc. The end goal is to beat covid19 President Biden playing offense and defense to fight covid. His plan to vaccinate more americans and protect against the latest mutations we got two pieces of information about these antibody drugs. Vaccines may not be the only hope big progress on treatments tonight,