Thank you.

Thank you.

I'm Melissa Lee and this is Fast Money.

Tonight's trader, guy Domi, Tim Steemor, Karen Feinerman, and Dan Nathan tonight on Fast

a stocks break out to new all-time highs, hedge fund legend Mark Musko has a big warning for your money.

Why he says now is the time to double down on being defensive.

Plus, racing for a one-two punch, we're tracking two major storms in the Gulf of Mexico,

how they are impacting the energy trade.

And later, building big gains, the Home Builder EDF, breaking out to new all-time highs

as we year up for earnings from one big name, we'll bring you the trade.

But first, we start off with the amazing chase.

The SOP 500 and Nasak closing a new all-time highs today

and the record move is forcing a bunch of Wall Street analysts

to pay a big game of catch-up.

Case in point, Apple is the world's biggest company hits new highs.

Morgan Stanley upping its price target on Apple to a new street high of 520 bucks a share.

Its previous price target, below the current price, $431, which Apple Zoom passed of the start of the month.

We're seeing a similar race playing out in shares of Tesla.

The average analyst price target on the stock 1247 right now the stock is trading above

2,000 bucks a share so what does this giant game of catch-up say about the stock

market that we are in, Gaiadami.

Well, first of all, welcome back, Melms.

...