Shift. Weve got another bonus hour of fast money tonight at 6 00 where we will be answering all of your burning trading questions. If youve got one, tweet us cnbcfastmoney. We start off with zoom zoom shares staged a gigantic really its 40 jump today now gives ut a market cap bigger than lowes, ibm and citigroup. It is about 3 4 of the size of cisco, which of course is a similar product and 83 times the revenue. What do you make of this giant move today its pretty incredible. I dont know how often weve seen a stock thats jumped by 40 in a single day. But it ran into earnings weve seen nothing but bullish paper in here for the entire year the interesting thing is when you look at the numbers, yes, the numbers were astounding. When you look at the revenue and the earnings beat, its incredible what stands out for me is i look at this company. You just wonder, theres not a short squeeze going on here. Its not a very large short position i think this is just an amazing stock. People look at this stock and they think to themselves, is this stock going to be around after the pandemic, and i think so far people are thinking, yes, and it is a verb for all those reasons, this is a stock that People Better be careful of, because i dont think you want to short this name still. The Short Interest is just over 5 . Dan, you know, this is an amazing company. Yes, the cfo on the call, though, did say sequential Revenue Growth would be down Fourth Quarter analysts saying that is too conservative it is amazing what the Analyst Community and investors are looking past at thispoint even with this giant run. Decelerating from 350 year over year Revenue Growth is pretty much a certain. But i think, more importantly, its the period over period, the quarter 1 to quarter 2, 100 this caught a lot of people off guard. Even with the high expectation, the stock was trading off alltime highs the companys guidance for fullyear revenue places it at a place where its just not moving the needle for some of its big competitors. They have a far superior product to microsoft, cisco and google at some point, the landscape is going to change. The demand pulled forward in such a short period of time. Its going to change and the stock is not going to be able to row into this evaluation because they have pulled forward so much. That would be the only risk here when you see a stock going up 25 and closing on the dead high of the day having a market cap of 130 billion, you know, youre saying to yourself this is a fullblown mania. This is not about zoom and their ability to capture market share or win the pandemic, as some people like to say this is a market mania we saw it last week with Salesforce Salesforce also gained 25 that was about 40 billion in market cap theres a massive fomo trade going on here. Youd be crazy to try to short it. One thing that jumped out is growth in the customers with fewer than ten employees that was up 762 smaller businesses becoming a bigger part of zooms mix here if you believe theres any uncertainty about the economy, these are the customers that might churn out of zoom. No question pete said it zoom has become a verb its become the same way netflix has become part of the vernacular in this country thats a very powerful thing to have behind you. I totally agree, this move yesterday, obviously and today took me by surprise. I didnt see this coming at all. As a matter of fact, i thought that post market move yesterday was the move to take profits into that proved to be wrong. Just in terms of whats in the stock, it is now effectively the size of texas instruments. Youre talking about a company i understand the growth i get all the metrics. But theyre still going to be less than 3 billion in revenue. Theyre now significantly larger than boeing. Im not comparing the businesses by any stretch, but just for comparison on the revenue side of things, boeing is going to probably have 75 billion or so in revenue so you have to ask yourself at what point all this growth priced in. I have to believe were getting pretty close. I think this all boils down to whether or not you believe there are the fundamentals to back these amazing stock runs or if its all momentum what do you say specifically about zooms run theres no fundamentals that could back up. I get the whole thing, but when you look at the rsi its got a reading of 88. Its a flag pole right now when pete talked about Short Interest, this stock will be shorted. So now dan has said you dont want to short it i totally get that too but since one looks like an option to me on the world never getting any better and to your point, the metric you just used that its employees under ten. I mean, why are they not facetiming at that point with three or four . Why are they not using other competitors . I cant see this being a sustainable revenue stream going forward. This just speaks to how much the Investment Community was caught off sides. Remember when the stock came out, melissa, we around the desk started talking about the limited amount of customers that they had and that it wasnt going to be a viable business. That blew out the doors. I dont see it shorted tomorrow, but i think the day is near. This is a sign of the top in the market, in my opinion. We were talking about the potential competitors, right we were talking about microsoft and google, i mean, all these various ones why with zoom . And yet here we are. Its very simple. Its just a far superior product with far superior user interface. Theres a reason people arent facetiming its not as stable you cant plan the meeting, you cant record them, you cant have the security. Schools are adopting the heck out of it. I think what youre going to see is you might have a stickiness for this product for some of the free users which really is a lot of cost for them if you cant convert them you may have some churn in some of those Small Businesses that dont survive. When you think about cisco, the founder of this company came from cisco he ran the web x product he left cisco because he thought it sucked. He built a far superior product. Cisco is going to have 49 billion in revenue less than 10 of that revenue comes from their Collaboration Division at some point theyre going to have to get serious about this and take zoom on thats the only division they have any growth in their company. Maybe you see them trying to spin out that division and unlock some shareholder value. When you see this company have 75 of the market cap of cisco, a 20 thcompany that has 20 x one amount of sales, you have to say what the heck is cisco doing here can you say that on tv . Heck . Exactly check out shares of walmart surging after walmart plus the annual membership will cost customers 98 bucks per year. They can skip the line when you go in the store. The Subscription Service will launch september 15th. Guy, as you know, when walmart first announced this, it had a huge pop every single detail after that it kept getting pops on basically the same news. Here we are today at 147 and change what do you think of this run . Can you imagine if they announced a threeforone split . That could be tonight you dont know. I get the walmart plus thing. Kudos to both tim and karen that have been talking about the revaluation in this stock. I think the tiktok news, to me, is far more important. I get walmart plus is a big deal, but i think that tiktok news is going to get the revalue in terms of wmt shares i said it earlier this week. I think youre going to start to see analysts come out if and when this microsoft Walmart Tiktok deal happens. Youll see the stock at between 180200 this is not your grandfathers walmart anymore. Pete, what do you say i agree with guy. When you look at their digital and the delivery with walmart plus, its interesting, because this is a Company Whose ecommerce already has a growth rate of 97 . Its feeding into the animal from a derivative market perspective, they have been buying in walmart just consistently and consistently coming back. Its very, very shortterm expecting very violent moves like we saw today, as a matter of fact. It got up to 149 they were buying the 150 strike calls. I think the p. E. Level feels a little bit stretched but im probably wrong there too because of the fact when i look at their p. E. Trading in the mid to upper 20s, maybe thats low because of considering what might this company be in the future, especially if you have this subscription business and anything to do with tiktok, to guys point, maybe its 180 name this is encouraging news from the Research Firm auto data it says that the sales rate for the month of august was 15. 12 million vehicles that is down 11 compared to the same month last year but the significance here is that this is the first time that the pace of sales for any month has topped 15 million since february thats a little higher than people were expecting for august but again 15. 12 million is the pace of sales for the month of august so the pace of sales is back to prepandemic levels, is that correct . Not quite down anywhere between 1015 but this is the highest weve seen since february. Steve grasso, is there a trade in these auto stocks or no thanks ford is down 26 , gm is down 18 . I think the trade in the autos is unfortunately still tesla everything that sparks a buy in this space revolves around electric gm had a couple of headlines revolving around electric. Thats what caused the jump. If you had to go with one, if this is a would you rather, it would be gm for me other than that, i think unfortunately youre going to have to start nibbling away at tesla raising money again, diluting shareholder value i think youre going to have to dip your foot in tesla eventually but just think about what phil said this is the first time were starting to see an uptick in car sales. When the economy starts doing better, youre going to see people jumping on subways again and trains again i dont know when thats going to take place but i think we pulled forward a lot of demand in the auto. We have breaking news on the Eviction Moratorium. Diana . Reporter were just getting on a treasury call where theyre announcing theyre extending the federal Eviction Moratorium that expired on july 24th through the end of this year theyre actually using an order from the cdc which is saying that its no longer healthy to evict anyone from a Residential Property under the cdc rule just posted, it says under this order a landlord, owner of a Residential Property or other person with a legal right to pursue eviction should not evict any covered person from any Residential Property in any jurisdiction in which this order applies during the effective period of the order. We do know that 30 states do not have any more eviction protections right now. Most of them have expired. Other states have some, new york, california, et cetera. But this essentially puts the eviction extension on that moratorium through the end of the year were still getting details on this it appears it would cover most if not all properties. Theyre using money from hud in order to help landlords to get through this because obviously landlords have to pay their expenses on these Properties Even if theyre not getting rent they are talking on the call now what kind of renter could be covered. It appears under this cdc order that it is wide ranging and most people would be covered at least through the end of this year on the Eviction Moratorium. You may not know this at this point with the details so fluid, but with the help to help landlords be commensurate with the help that would keep renters in place and not evicted instead of a wave of evictions weve staved off, are we going to see a wave of foreclosures on properties because landlords cant make those payments . Right if youre a Single Family landlord, which is about 40 of the market, you do have the option to go into the mortgage bailout which is the Forbearance Program for up to a year on your property under that program, people in those properties cannot be evicted. Fhfa has put an extension on that for foreclosures for those properties that would help the Single Family renters then you look at the multifamily. They have not seen the high rate of tenants not paying that others have. In fact, their payments are pretty high, still around 92 are paying rent. Thats not that much lower than a year ago if the two to six unit smaller buildings where you have tenants who are much more lower income who are really getting hit hard by that, they are seeing the high rates of rental delinquencies. They are the ones that are going to need help from the government so simply kaas we look out, m curious what your thoughts are in terms of the pain were protecting one class but inflicting pain on the other and in the end, its all pain on the economy. We do have to balance a lot of this out. Obviously theres been trillions of dollars thrown at the economic effects of this pandemic it does need to be equalized we need to protect our most vulnerable citizens but also protect the people who have the loans on those businesses. They face foreclosure too. I think were going to need to see some more conversation on fiscal stimulus. Thats how this economic recovery gets derailed you used the expression this spring its kind of a bridge to a vaccine. We dont have any visibility on that, so were going to continue to need to pump the fiscal pumps here to keep things going. Its a bridge thats getting longer by the day. To think that this moratorium goes to the end of the year, yet this is a day where the s p and the nasdaq have hit new highs. Its just amazing sort of the dichotomy between what the markets are telegraphing and what the economy is. Yeah. Weve talked about that for a while. That chasm continues to grow as im listening to diana talk, what struck me is what does this mean for banks, if anything. Im stating the obvious, but the banks have not traded well wells fargo, for example, around 24. I think the march low was 22. With news like this, that march low comes closer and closer into the crosshairs. Lets get back to some of the soaring stocks in this market. We talked about zoom we talked about walmart. Is it momentum, is it fundamentals is it momentum as in momo is it not momentum as in nomo that is our new game tonight momo or nomo lets give it a whirl here we have nothing to lose except for some time on the show. We start off with peloton, up 190 this year its september 1 guy, momo or nomo . You know i dont understand the game yet you start with me i was going to try to cheat off pete ill play your reindeer games. Ive thought this for a while. I think this is a nomo. This is a fundamental story. I understand that momentum is behind it so maybe it should be bobo, both. But Goldman Sachs just slapped a 96 price target on it i think their ecosystem is wonderful. I dont think people are going to flee it once the world returns to some semblance of normalcy i think if im playing it right, nomo, mel. You are im very proud of you, guy i really thought youd mess that up i was like 99. 9 sure and you did well pete, youre next. Guy set the bar high we go to docusign, which surged more than 250 this year in terms of this stock, nomo or momo . I think its a nomo, mel this is another one of these names in terms of this is almost going to be a verb i think this is something thats going to stick for a while i do think we are going to see a lot of changes i think well have people return to offices, no doubt in my mind. But at the same numbers . Probably not i think theres a lot of opportunity here in terms of this company can continue to grow and as they grow, i think youre going to see that business absolutely explode to the upside i think in this case its not just momentum. I think its sustainable so im going to put it in the nomo catego category. Netflix now offering some content to nonsubscribers is this nomo or momo i think this is nomo this is a Company Whose prime product was facing a lot of competition prepandemic the north american subs had started to decline a little bit. I think their ability to kind of introduce their product to billions of people stuck at home has been a great thing its a new sign of life. At the end of the day, the stocks been surging over the last couple days a lot of this news is in the stock. At some point, these valuations will need to correct at some point. Its going to be very painful if youre the last one in buying that alltime high spike obviously netflix is a company that is going to be navigating this environment when things decelerate a little bit over the next couple of years this is a nomo for me nvidia surging more than 130 this year. Just introducing new graphics chips. Is this all momentum or fundamental, steve im going to say its a nomo stock on this one. If you look at the rsi, as the momo because its got a reading of 88. You have to look at it out of two sides of the equation here gaming is 50 of their revenue data centers is 25 of the revenue. Those two arent going anywhere. Theyre big in artificial reality, Artificial Intelligence theyre also big in driverless cars, autonomous drive thats where the fundamentals kind of meet the road, so to speak. If the market comes in, which i think it will, all of these names will come in, but this one i think is built on fundamentals that are solid which makes it a nomo. Coming up, is your portfolio prepped for the november election first, a rumble down under a battle brewing between stlianfabook you can go your own way go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save 400 a year on your wireless bill. Plus, get 400 off when you buy the new Samsung Galaxy note20 ultra 5g. Welcome back to fast money. Check out facebook shares jumping today despite another threat of regulation this time its australia thats looking to crack down on the social media giant Julia Boorstin has the latest. Facebook is threatening to prevent its australian users from