Portfolio because the most popular and widely owned stocks in america are getting pummeled. Were talking about amazon, facebook, google, apple, all losing ground again today after a red week. Last week those stocks have shed a combined 132 billion in market cap since the election. So at what point do these names become a buy or are they simply a notouch right now. Guy . Steve talked about this the last week, week and a half, about the great rotation and youre obviously seeing it now. When amazon reported, we talked about the potential to trade down to 700. If you looked at the end of last year it traded up to 700 a number of times before breaking lower at the beginning of 2016, so past resistance becomes support. Youre going to find now traded down at 710 today. I thought that was going to correlate with an s p trading down to 2025, and we did see that the night of the election. Here we are within a whisper of an alltime high. To me amazon out of all the ones that have flushed might be the most interesting to trade on the long side. And you have continued to buy tech . I have continued to buy those that i own, google and facebook. Today bought some more google. Now full on google so i hope the opportunity is now over. But i think that i know i understand completely the rotation sentiment is not here, its a reversion to the mean. All of that having been said, on google first, google is not expensive here and its still a Great Company and its still growing. All of the things that benefit the market, better tax structure, potential repatriation of money, all of those are still positive for google and its a great business. Could it trade lower . Of course it could, but i think buying it here, as i did friday, as i did thursday, ultimately will work out fine. When you back out the cash now, the multiples, sub20 pe. These stocks, facebook, google, amazon is a layup here. If you look at it over the past eight years and youre talking a little bit about this downstairstheyre before ebitda multiple is 12 to 25. Its trading below 15. So you look at this company and say at these levels i would be backing up the truck and buying look, if youre a shortterm trader youre looking to clip points here and there, of course youve got to evaluate. But if youre a longterm investor, facebook, amazon, google, these are names that you need to own. This is a rotation trade, people. They are moving into sectors that have been beaten down. It may last a little bit longer but it will not last forever. Those three stocks david just mentioned are oversold. Netflix is not oversold yet. Lets look at both sides of the story. Xlf, trading at 31. Today, trading at 22ish. You have to believe that all of the regulation is going to be pulled out to get back to that level. Does everyone on this desk believe all the regulation will get pulled out . Why cant we just go 4 higher or 3 higher . Im saying 4 is possible. But 30, i dont think is possible. So youre playing for middle 20s. Huge move. Still fine. But buying facebook, buying amazon, buying google, bang 4 buck is probably more. Remember what jeff bezos can do. Once earnings comes out, he can turn on that spigot again and really show trump. You often say price is truth. What does this tell you, though, that tech these particular tech stocks can go down every single day since the election. At what point do you have to say i have to trade the market that i have, even though i believe these are good, solid companies . Think about the huge story this would be if the market was trading commensurate with the moves weve seen in amazon and facebook. It would be a huge story, right . But its flying under the radar screen because the s p is within a whisper of an alltime high. I think it is a major story and absolutely something you have to take into consideration. Is the s p going to follow these stocks or are these stocks going to balance the current level. Thats the question. Thats the rub. At certain levels amazon specifically is going to bounce. But well have mohammed elerani on. If the selloff weve seen in these four names specifically could accelerate in a major way. You have to define your risk. You think they would accelerate rather than outperform the s p. Well, if the market starts to break down, i think the potential for a move lower on these things a further move lower could be exacerbated. I think they do outperform. I think they have already taken it on the chin and its a yearend bet. If the market now starts to roll off a cliff, the overall, which i dont think is going to happen. So we revert back to the prior trends prior to the election. The amazons, facebooks and google will be hurt less than the overall market. But it is time to start legging in if you do not have a position in those company. They are at levels where you should be buying these stocks, no question. The question is if the biotape continues to work and the financials trade continues to work and thats a big if, right . What are people going to sell when theyre exhausted selling these highly crowded Technology Names . Does it become more broad based . I dont know what the answer is right now, but i would say i do think that these names right here from a valuation basis are a buy. Weve got some breaking news here. Reporter the s. E. C. Just putting out a statement now saying Mary Jo White, the s. E. C. Commissioner, will be leaving at the end of the Obama Administration. Now, this is not unexpected. Typically you do get a changeover at the top of the s. E. C. Between administrations, so Mary Jo White will be leaving at the end of january when the Obama Administration also leaves town and that clears the way for donald trump to appoint somebody of his own at the s. E. C. And there are going to be a lot of names speculated about here but i cant tell you that any one of them has the lead for this slot. Eamon, what would you say her number one issue was in terms of championing a particular issue . Clearly, the whole implementation of doddfrank we were just talking about in the earlier hour is how doddfrank rolled out has been the biggest challenge of Mary Jo Whites tenure. Now youre seeing an administration coming into power with very much of a deregulatory bent, so the question is will the challenge for the next chair of the s. E. C. Be to roll back large portions or all of doddfrank. That seems to be something thats in the cards here in washington. Eamon, thank you. That is something that a lot of the financials have been trading on. Mary jo is out. President elect trump is free to get his own head. Rudy giuliani popped into high head. Dan gallagher is in private sector now, thats going to be a name on the short list. Lets get back to the markets here. Our next guest says a selloff in tech is creating a major buying opportunity. Mohammed elerian joins u now. Great to see you. Thank you for having me. Does that mean that tech will do a catchup to the overall markets . What happens with technology if youre saying buy the dips in relationship to the rest of the markets . So i agree with the discussion so far that the extent of the differentiation that weve seen is too large. Yes, i can explain it in terms of the specific proposals that the president elect has put forward, but not to that extent. So if you compare whats happened to banks on the one hand and whats happened to technology on the other, its simply too far. Theres a good reason for it technically, but i, like you, will start fading. I think theres relative value Trading Opportunities here as there are outside these sectors as well. So if you are to believe that the dips in tech should be bought and perhaps the people are using this money from technology to go into other sectors, are there then other sectors that you think are overbought . So i think banks are one of them, yes. This is a better environment for them with yields going up, with regulation probably coming down. But not to that extent. Also look whats happening in the emerging world. Were having a highly differentiated reaction here in the u. S. And were having totally indiscriminate reaction over there thats causing opportunity. So simply put, i would start fading a lot of the recent moves, but do so within the context of an overall risk budget that doesnt go up too much. Its david. Quick question. Just with the larger banks, donald trump is not a fan of big banks. I dont think hes used a bank since 1993. Hes gotten his lending from overseas or from general electric. So i look at him and say bigger banks versus the regional banks. Do you think the regional banks outperform . I think theres a point there mainly whats happened to the big banks i thi is excessive. Again, i understand the driving forces, but its the extent of the move that is striking and we know why. But yes, theres value in there too. I just would be careful about piling into things that have moved a lot very fast. And look to other areas where the Investment Investors reaction has been totally y indiscriminate. So do you think the dollar should fade wands are a buying opportunity . Does it apply to that too . Do you just extrapolate across the spectrum . So far i was talking to risk assets, be it equity versus high yield, be it the banks versus technology, be it the u. S. Dow versus emerging markets. That so far. The dollar i would differentiate. I think the dollar will continue to strengthen against the majors, but i think that the weakening of the em currencies has been excessive and i think there is value there. Its bumpy but there will be value there. Bonds, id be very careful. We are seeing a significant repricing of the macroeconomic prospects for the united states, higher growth, high inflation. We are going to see some further technical dislocation. Yes, theres a limit to how far they can go. The liabilitydriven investment is going to come in, but i would be very careful in terms of going long the Government Bond market at this point. Well leave it there. Thanks for joining us. Always good to see you. Thank you. Mohammed elerian. What do you think . Be careful piling onto things that have moved significantly the last couple of weeks. For example, look at caterpillars move over well, over the course of the year, look at it since the election. The stock is up 40 year over year, made a 52week high today. They beat on eps okay. Missed badly on revenue. Guided lower for the rest of next year, i believe. The stock is trading close to 30 times forward earnings. To buy caterpillar, youve got to believe every hole dug in the world over the next five years is going to have a cat tractor on the back of it. Let me just go back to you because you bought the day karen was selling some uri, united rental its still go up by the way, her sale was a great sale. Its right around the level where she sold it. Not every single hole will be filled with a piece of equipment rented at uri. Sure. When this positioning trade starts to really become long in the tooth, when uri starts to fade and starts to have lower closes, thats when i know its out of momentum. Then you would rotate back into i owned eem as well. I probably load up more on eem when i sell my uri. Only because then it becomes to me that that infrastructure play is out and the fears we saw on eem are probably overblown. To the downside youre comfortable to say buy certain names in Blue Chip Technology even though they continue to go down. On the upside you want to see them stall out. You dont want to see technology on the upside, i think people were still caught off guard because they dont know the specifics of this infrastructure play. Hillary clintons was 250 billion. Trumps is probably going to be double that. Thats a huge number for uri. What do we do today. The amazons, took a look at it. The financials, the larger cap banks did take some profits in that and i do see real buying in the larger banks than biotech. I see a real rally. I do think theres going to be weakness in biotech, the larger banks pull back a little bit so i do agree. The regional banks, you buy any kind of weakness until year end and theyll outperform. The day after the election we said the plush in Kansas City Southern was a flush to be bought. We explained the reasons why, obviously their huge exposure in mexico. I think the stock is up almost 4 today and they have an event with Raymond James this wednesday. The low has been put in quite some time. Mr. Trump will be far more conciliatory towards mexico than he was when he was running for president , which to me is bullish for names like ksu that have been blujonned the last couple of weeks. Coming up, you will not believe which stock is surging on the trump win. Its sure to drive the liberals even crazier. Dont look now, but mall stocks are surging on the hopes of a tax cut. The names and how you can profit. Later, the banks continuing their incredible run today but two stocks just had their worst day in five months. Well tell you what they are and whether theyre worth the buy when fast money returns. Welcome back to fast money. The once left for dead mall stocks are surging. Take a look, all up 15 or more in just the past week. This as the xrt retail atf has rallied 11 in the same period. So this move prompted citigroup to upgrade many of the names in the space. Do you buy that . Well, im long it so i guess i do. Thats not the only reason. Theres so many reasons. One, i think the space was so cheap going into this. As part of this big rotation to finds an area thats really cheap like this, its great. I think the consumer was always healthy but was sort of concerned about the election and pulled back and so now theyre feeling a little more comfortable. Theres certainty either way, whether you like the outcome or not. Gas prices may be coming down a little bit. Weve seen oil tick lower and lower, thats another good thing. People are employed. I think that its a nice move, but i still think theres room to run because these were way, way undervalued before. You mentioned the comps were working in their favor too. They have a comp tailwind if you will. Next quarter the comps will be a lot easier which is going to help the setup. They have done a really good job, especially the mallbased stores like macys and nordstrom, they have done a really good job cleaning their inventory issues up. Id be very cautious on whether or not these numbers are going to actually improve dramatically, so i think theyre probably going to get to a point where they may be a little top heavy. Would you rather . Im going to think about it. Amazon or macys . Amazon. At these levels, amazon i think. So yes, amazon. And quickly about nordstroms, karen mentioned, last quarter was good but this stock went from 35 to 60 almost in a Straight Line. I had would say 19 1 2 to 20 times forward earnings. If youre not taking profits at 60 bucks, i dont know what youre looking for. The reason why in retail, the reason why these stocks are outperforming is money had to come out of amazon, you talk about that repositioning trade, its a retail specific trade. Came out of amazon, it had to go someplace specific to retail. Thats why the stocks rallied. Lets get some unlikely winners and losers from the election. The New York Times rallying more than 14 since last tuesday. This even as donald trump called the newspaper, quote, dishonest and blasts the organization for its coverage of the president ial race. Then there are the gun stocks getting a big boost today, but still down sharply in the past week. Smith wesson falling more than 14 while stern ruger is down 23 . The New York Times is fundamentally flawed. I dont like the setup here. Its a name id stay away from. They sold more papers during the election, i hope they did, so sell the New York Times. As far as the gun stocks are concerned, if you look at the permits pulled in gun stocks over the Obama Administration, its pretty sinteresting. People buy on fear. Fear of gun regulations being tighter or getting harder to get a gun. Now you say whats the rush . Theres no real rush to step out and accelerate that purchase, so i look at smith wesson, any of these names, i wouldnt be chasing them. These things trade on fear, not on necessarily people rushing out when they dont need to. Smith wesson, which is changing its name announced shortly before the election to American Outdoor brands because of the vast array of things other than guns apparently that they sell. I love that bleeding sarcasm. I scroll through ten pages and i only got guns. Think about when that came out. That came out preelection. So the thought is sort of like massage it a little bit and make ourselves look a lot more wholesome. Because they thought she was going to win the election and they needed to do it before she got elected than after. Now they want to go back to smith wesson. They probably do. We have some breaking news on the Dakota Access pipeline. The news is that the army corps of engineers is saying that theyre going to delay their decision on the Dakota Access pipeline, whether to green light the project or not. They say that more discussions are needed, according to a government notice. They also say that they are encouraging the Standing Rock sioux tribe to weigh in and provide input. The back story is Energy Transfer partners is trying to put together an approximately 1200mile pipeline that connects the shale formations in north dakota where they do a lot of fracking for oil and gas, to connect it to parts of illinois. Right now theyll have to use somy. S from the army corps of engineers. They have not given them and thats the latest development on that front. Melissa, back to you. Of course this on a day when there were a lot of protesters out there, whether it be environmentalists or activists out there. I think you have to trade this all off macro, its got to be crude. Crude specific. Xle, large integrated names. When you look at the whole complex, it hinges on opec. Thpace rallied into the idea that opec was going to cut production. Then it sold off because theyre not going to be biting regardless of what theyre going to do. Saudis really want to cut production. Theyre trying to get a deal done. I think regardless, bearish crude. Obx up 10. 5 today, rallied from 38, trading 50 right now. I dont think thats bullish crude oil. So all the supply thats coming on the glut of oil to me is bearish. Way to expensive. Missed the rally in bank stocks . Fear not because we have an under the radar way to play the surge of financials. Im melissa lee, youre watching fast money. In the meantime heres what else is coming up. China. China, china, china, china, china now. And since trumps win, a number of chinese stocks have tumbled. But well tell you why now could be a great buying opportunity. Plus dont leave home without it. And thats what investors are saying about shares of american express, which are surging, as rival visa and mastercard tumble. So whats behind the move . Well explain when fast money returns. I laugh, i sneeze. There goes my sensitive bladder. Sound familiar . Then youll love this. Incredible protection in a pad this thin. I didnt think it would work, but it does. Its called always discreet watch this. This super absorbent core turns liquid to gel, for incredible protection thats surprisingly thin. So i know im wearing it, but no one else will. Always discreet for bladder leaks hey, jesse. Who are you . Im vern, the orange money retirement rabbit from voya. Orange money represents the money you put away for retirement. Over time, your money could multiply. Hello, all of you. Get organized at voya. Com. Jake reese, day to feel alive jake reese, day to feel alive jake reese, day to feel alive welcome back to fast money. Heres whats coming up in the second half of the show. Emerging markets are in a freefall and theres one group of stocks in particular weighing on the space. Well tell you how bad some see it getting. Plus its the one sector surging after the oracle of omaha doubled down on key stocks. Well give you the names that has Warren Buffett so excited. We start off with the financials continuing their trump rally up more than 14 year to date and the best performing sector since the election. Breaking down the move is a man who is looking to outperform himself, cnbcs dom chu. All right. Well, there are, like you said, some divergences happening in different parts of the market. The third biggest sector in the s p 500, far away the best performing sector this past week. While large cap banks and Insurance Companies have been going gang busters, its the smaller, more regionally focused banks that are real standouts. In the past week the Financial Sector spyder has gained 11. 5 in the past week. Thats an awesome gain in a sixday winning streak. No doubt stocks in general would react more generally at attempts at a normalization in Interest Rates. Bigger banks could be bigger beneficiaries. Youve got shorter term rates in place while longer term rates tick higher. That steeper yield curve helpful for bank profit margins. The kre has joined 15 versus the xlf in that oneweek span. Bigger names like regions financial, zion have all done better. And for those stats junkies out there, guys, melissa, the s p 500 Financial Sector trading four standard deviations among its 50day average price, which means the move is pretty extended to the upside, the most its been since at least 1989. When does the bank trade pull back towards more normal levels, melissa . Thats the big question for a lot of traders. Thank you, dom. Should you stick with these banks . Four standard deviations, rich, that sounds pretty extreme. Too high is not a technical term, at least as far as Technical Analysis is concerned. Big bank, small bank, i work like a bank. I dont think like a bank. Ill show you how to make money like a bank. Well look at the bkx, kbw bank index. This is the most overbought this index has been in 20 years. The last time we were this overbought, over the next 12 months the bank stocks were up 135 , so thats a good thing and so is this bullish breakout from really a 14month base of support. First an obvious way to play this, were going to look at jpmorgan chase. You have a breakout from a multiyear trading range here. Once again, this is the most that this stock has been overbought in the last ten years. So what i would expect is some consolidation here, but then an extension of this advance based upon this big base thats formed here. Heres another sort of obvious way to play it. Bank of america here. Look at this, this is a longer term monthly chart here. Now, you can see this is a breakout from really a senyear base of support, almost a cup and handle in there. Drink it down, it goes down smooth. Now, this base, this is going to get you in upside in bank of america. You have leverage on the cost side, on the valuation side, obviously higher Interest Rates. Just for the big finish, were going to look at a sneaky little play here. Now, the russell 2000 itself is up 9 month to date. Thats telling you this market is about u. S. Centric risk. Thats what you see in the russell 2000. Bump it up a notch, russell 2000 value, 42 weighting in financials so youre levered to the strong dollar, youre levered to the higher Interest Rates, youre levered to the u. S. Economy. All of that is in this one little chart here. Once again youve had a big move off the bottom, almost 50 . So i would expect some consolidation. When we do get that consolidation, perhaps a modest pullback to ease those overbought conditions. Russell value is a group you want to be buying. What do you think, gang . Shall we invite him over or no . Hes a stud. All right, come on, rich ross, come on over. Weve got some questions for you. Ashley will bring in the chair. Thank you, ashley. Thank you, ashley. And thank you. Since you have a bromance with him, you can ask him a question. I get all those things, four standard deviations we talked about, but tangible book value was the thing back in the day. Karen can speak far more intelligently about this than me than i. See, there you go. Thats my point. Jpmorgan, their tangible book is 55 and trading at 80 now. At what point is the stock price too high compared to tangible book value . Well, its a little bit outside of my area of expertise, but what i would like to focus on here, think about positioning. Think about the trades that have worked or not worked over the past five years. This sort of oneway ride on your bond proxieproxies. Now were going the other way with that trade. We know from our hedge fund surveys that financials are still the least favored group of all the sectors, so that positioning alone is a very powerful force. So not to diminish the fundamentals or valuation in any way, shape or form, but theres a lot of room here. When you take those powerful technical breakouts with a group thats underowned with a macro kicker like Interest Rates that have another basis for upside, that tells me theres room to grow. So the shortterm moves in your opinion, can they last a lot longer given the fact people were hedged backwards, had to come in, reverse that hedging and they came in and bought these names up because theyre so underexposed to them. Its always difficult to dance through the raindrops, especially when weve seen the volatility weve seen the past week, the magnitude of the move. A lot of those charts are a Straight Line higher which doesnt give you that comfortable entry point. With one month to go in the year and that strong seasonality behind you, you might not get that strong entry point. I look at fundamentals and book value. So when i see a chart like yours and see it completely break through on the upside, that to me is a stock where i cant get comfortable at all with the fundamentals. Do you feel that and when you look at the Technical Analysis, hey, were four standard deviations away, how do you put some context to where these are trading . Thats always a difficult place, whether youre a technician or fundamental investor like yourself. So i think what you do is you sort of work your way into the position. You buy a little bit. Not everything is a binary decision where we push all in or say, oh, i missed it. Get a little snack on the way up. If it pulls back, the worse thing that happens is you buy something some a little cheaper. Once again these are longer term charts. So in the short term weve gone vertical but longterm breakouts, yes, overbought but not overdone in the longer term. Rich ross, isi. Grasso, where are you in financials right now . Can they go higher . Of course. They dont ring the bell when the trade is over, but for me i think were getting really long in the tooth here and that chart screams like its overextended to me. Id rather be fading and buying eem where no one is thinking eem is going to rally. Id rather be a seller of financials, buyer of eem or buy those beaten up tech stocks. Id rather do the reverse. Did you see what he did . He did it with the self would you rather. I knew there was a good chance you werent going to ask me. I agree that we are possibly too far too fast. Again, my view is you buy the pullback in these regional banks. I think thats the real run into year end. Where does tangible book fit in anymore . I guess it doesnt. Bank of america has been trading south of tangible book, its just over 17. Its now well above that. Jpmorgan of the big three is the only one that has been for a long time consistently over book, so to me i sold some upside calls in bank of america, ill probably look to sell some more. You know, im a hedge fund so its hedging my bets somewhat, but you take in some premium and you can buy it back, buy it back cheaper if it comes in. There are a couple of moves that sort of got us wondering, wondering. Visa and mastercard real underperformers today within this Fortress Group of financials. Whats going on . Maybe its just a rotation out of those names weve been tough on so long. People need to put money to work elsewhere in financials. Thats it. I dont see a real fundamental change in their business. To karens point here, you know, now jpmorgan is almost 50 ish, give or take, above tangible at some point that matters, i think. Maybe im wrong, i dont know. But they have gotten ahead of themselves. U. S. Bancorp has been the way to play it. For most of the year traders of fleeing emerging markets and theres one group in particular getting hit the hardest. Later donald trump called nasa one of the most important agencies in america during this campaign trail, so what will a Trump Presidency hold for the future of Space Exploration and which stocks could stand to benefit the most . Were joined by none other than buzz aldrin, the second man to walk on the man, when fast money returns. Is it a force of nature . Or a sales event . The season of audi sales event is here. Audi will cover your first months lease payment on select models during the season of audi sales event. bing welcome back to fast money. Time for a little buzz kill. A number of chinese internet stocks are tanking. Take a look at shares of ali baba down since the election. This is just election jitters or maybe Something Else . Guy. Well, i think it might be Something Else. I mean mr. Trump has talked about china in not so favorable terms now for the last 18 months so i think thats a little bit of it as well. I think this would be a huge story again if our Broader Market and the banks werent rallying like they were we would be leading with a story like this. Chinese stocks have been getting a bludgeon the last week, week and a half. It is a big story but its overshadowed bu the by the things we talked about at the beginning of the show. It leads me to believe that maybe theres Something Else going on. Maybe theres skeletons in the closet that people have brought up. So theres a deeper issue. Hes brought that up a number of times. The issue about these particular stocks is these are primarily domestically oriented chinese companies. Theres not International Trading implications. Ali baba sells its goods primarily to people in china and not in the united states. Agreed. We have seen the shoot first, ask questions later in a number of different sectors over the last few years. Big liquid names, people taking profits. A lot of these guys own the same names. So its really just taking off the money of the table in that sector and putting it in a sector that would have outperformance and thats the financials right now is really the place to be. Its not just chinese stocks that are struggling. Emerging markets taking a huge hit, down more than 8 since the election last tuesday. Options traders think an even bigger drop is ahead. Mike joins us with the latest. We did see well above average options volume. Put volume outpaced call volume by 31. The january put spread spent about 50 cents for that. Its nice that you can get that 41 payoff if you want to press a bearish bet and thats exactly what they appear to be doing here, betting that eem could drop another 12 by january expiration, which is about two months from now. All right. Grass or grasso, you said you wanted to go in eem. Im already in eem. I think thats your point about these trade negotiations or renegotiations. I think they would take a hell of a lot longer than we think. Its not like a tax cut. You start to reap the benefits of a tax cut almost immediately. Eem, to guys point, shoot first, ask questions later. I think its overdone. In that vein, if you like ksu, then you might like mexico. I think thats a better way to play it given the fact that you have sort of a handle on what the company is all about. Thats a good question. Should have asked mike, how did the interview go today . He looks fantastic. Who did you interview with today, big man . Just with you guys today. I mean im trying to look for all of yall. Thanks, mike. Mike coe in austin. Weve got a news alert here on some of the biggest investors. Kate. Melissa, interesting news out of berkshire hath away where investors and possibly Warren Buffett himself or perhaps one of his stockpicking lieutenants have loaded up on Major Airline stocks, starting with a huge position in American Airlines up nearly 22 million shares. Berkshire also bought delta and United Airlines in size during the quarter as well as and this was breaking news from our own becky quick, a position in southwest more recently than that. Buffett wouldnt explain the reasoning behind the move, which is notable in terms of his longtime criticism of the sector. David tepper purchased over 4 million shares of bank of america as well as big positions in apple, facebook and yahoo . A number of major tech names there. He also bought 2. 5 million spdr puts. It is much larger than his 22,000 ownership in the spdr itself. He hasnt returned my message to figure out what that means in the context of his portfolio. He bought delta but sold 3 million shares of southwest leaving just a stub position in that airline behind. Speaking of financials, the big investor activity has been all over the shop this cycle. Even as david tepper bought b of a along with citigroup and citizens financial, bruce burke wits sold more than 11 shares. More capital, sold millions of shares and pared back positions in citigroup and so its a crazy quilt of financials moves. I want to make the caveat, this is as of september 30th. We dont really know whats happened in the last six weeks. Kate, thank you. Karen, how do you interpret some of these moves . The thing kate brought up is really important. This is six weeks ago. This has been the most eventful six weeks for financials since 08. So you have to take it with a grain of salt. Theyre smart investors. They have been in and out for a while. I think that well see next 13f, it will be interesting to see what people did during this massive runup, whether they stick with it for a longer run. For me, were going to take a little money off the table. Transport is doing well overall, so these positions in Airline Stocks look at the move in Spirit Airlines over the last month, month and a half. It was a 38 stock middle of september. Closed up 53. 5 today. So thats a name we talked about over the summer. If by some miracle youve been in it, i think you have to be taking profits now. I agree with the spirit, take profits here as well. I think its maybe a little bit early. I dont really think the airlines will have that big of a run in general so i may back off the Airline Trade a little bit. Id be curious whether or not Warren Buffett bought wells fargo i dont think he can. But the airlines, id be a little cautious here. I dont know if id be chasing or stepping in here. I think you have to treated airlines like retail stocks. Ill take spirit and the other side of you guys only for the one side that its been the outperformer in the group. When people rush for them, they buy this one first. When it goes down, it goes down less than others and so outperforms on a relative basis. Look at crude. If i believe crude is coming in still, i still have to be bullish airlines as well. Still ahead, famed astronaut buzz aldrin joins us with an inside look at what the Space Program could look like under a Trump Presidency. Youre watching fast money on cnbc, first in business worldwide. [pony neighing] what . Hey gary. Oh. Whats with the dogsized horse . Im crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. Isnt that right warren . Well, you could get support from thinkorswims inapp chat. It lets you chat and share your screen directly with a live person right from the app, so you dont need a comfort pony. Oh, so what about my motivational meerkat . Inapp chat on thinkorswim. Only at td ameritrade. This car is traveling over 200 miles per hour. To win, every millisecond matters. Both on the track and thousands of miles away. With the help of at t, Red Bull Racing can share critical information about every inch of the car from virtually anywhere. Brakes are getting warm. Confirmed, daniel you need to cool your brakes. Understood, brake bias back 2 clicks. Giving them the agility to have speed precision. Because no one knows like at t. If the man looks bigger tonight, thats because it is. Tonight is a supermoon, meaning that the man is its closest distance toe earth since 1948. It appears bigger. The moon is a place our next guest knows well. Buzz aldrin was the second man to walk on the moon back in 1969. He also took the worlds first selfie in space during the gemini 12 mission. We are honored to have buzz aldrin back on fast money. Buzz, well talk about the moon. Will we go back under a Trump Administration . Will he be good for Space Exploration . I think that certainly he will be very good. We have to reduce some costs, expenses that maybe are not as wise as they maybe could be, and yes, i think mars is the objective. As a matter of fact, my program is called cycling pathways to mars. But it involves low earth orbit cycler and transferred to lunar orbit to help bring in International Partners at minimum expense to us, but great training in procedures activities at the moon that we need to know how to do at mars. So going to mars, i mean for some, its going to be a notch on their belts when you take a look at some of the billionaire private citizens who are engaged in the race for space. But from a scientific standpoint, buzz, can you walk us through and our viewers the importance of going to mars. Its not just about getting there and proving that we can do it, but its also about finding perhaps new materials or new substances that can be used here on earth. Well, endeavors that are done with public money are being done to inspire the public. We explore or we expire. Exploration, creativity, curiosity, its in our blood. We want to see whats on the other side of the mountain. Its been that way and it will be that way. We have begun our explorations above the atmosphere into orbit around earth, and weve been brief visits to our close neighbor, the moon. And now i think it is time for us to join the International Partners by helping them do what we did and at the same time we can help them at the moon landing and the structures that they will live in. We can design them, theyll build them, they land them, we put them together. We help build the landers and the refuelling of the landers on the surface of the moon is very important for us to be able to do from orbit around the moon so that we will know how to do that at mars. Right. And that gives us great savings. Buzz, its an honor to have you back on fast money. We hope youll visit us again. Of course. Any time. Thank you, buzz aldrin, a legend in Space Exploration. Hes like 80 and hes just ripped. Hes unbelievable. What stocks benefit when we land on mars . The defense stocks, listen, i dont know the specific one, but look at the group specifically since trump has been elected. We talked about the potential for these stocks to take off, no pun intended. Lockheed martin goes higher from here. General dynamics is the easy trade if you want to invest in defense stocks. Lockheed martin, general dynamics. Its a bit of a stretch but elon musk could be the frontrunner. If that happens, the elon musk aura will be in full force. So theres a benefit to his other companies . Yes, yes. Karen stole my pick. I did . I thought you might say it would be negative for tesla. No, i think it would be very interesting for him. I think curiosity is very different than profitability. You have to prove this to be profitable, but tesla, they could be on the forefront of Something Like this. I could see musk doing that. Up next, guy says theres one stock that will have investors cruising all over the world. Find out what it is when fast money comes right back. Whats Critical Thinking like . A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley time for the final trade. Grasso. Take a look at some of these deal stocks, i think theyre under radar. Specifically time warner. Look for a bounce here. Given the price action valuation i cant pass it up, amazon. Id be buying it here. Chairwoman. Jpmorgan, a huge run. I dont want to sell the stock because i dont want to have taxes. At least wait until next year so sell some upside calls. Guy. Weve got the birmingham southern Mens Basketball Team theyre a bunch of hoodlums. Royal caribbean, rcl, breaking out. We talked about this. Im melissa lee. Thanks for watching. See you back here tomorrow at 5 00. Meantime mad money starts right now. Mad money with jim cramer starts right now. My mission is simple, to make you money. Im here to level the Playing Field for all investors. Theres always a bull market somewhere, and i promise to help you find it. Mad money starts now. Hey, im cramer. Welcome to mad money. Welcome to cramerica. Other people want to make friends. Im just trying to make you some money. My job is not just to entertain but to educate and teach you. So call me at 1800743cnbc or tweet me jimcramer. One, two, three, four, i smell a trade war. Oh, thats what i think this markets become all about as it dawns on people that while trumps victory has produced b