tv Fast Money CNBC April 16, 2012 5:00pm-6:00pm EDT
5:00 pm
opposite directions. at one point the dow was up 135 points and the nasdaq down on the close. >> that are almost never happens. you have to go back to september. >> that are does is it for closing bell. thanks for watching. >> fast money starts now. i'm melissa lee and here are the top traits. a 10% drop on the all time high. are there cracks forming in the apple story? we are trading tomorrow's bank earnings tomorrow and what will it take for goldman to keep it run something we have his take. fast money goes global with the head of emerging markets. we have why the bricks are now longer the hot place to be and the break out where they have the best opportunities. live from the nasdaq market site and let's get straight to the apple story. the big pull back is simply a
5:01 pm
break in momentum and something more fundamental. we gathered the five reasons why apple may be stalled. >> let's hear them. >> from 5 to 1 or 1 to 5? >> we can order them ourselves if we wish. >> mac and ipad sales and margins may be peaking and perhaps the stock is overowned and maybe there is a break down in the charts. what do you make of the reasons? >> the only for me that makes sense is potentially that the chart itself when you look at what it's done this first quarter, it makes sense that there would be a pause or a pull back. i don't believe it's broken. we watched before. we paused between the 350 and 400 level for multiple months. we broke up to the upside and have been breaking ever since and over 600. it's a bit of a pull back. i watch the implied volatiliti s
5:02 pm
volatilities. a lot of people are concern and this is starting to break down and based upon the types of stocks that broke down on the nasdaq, priceline and apple and the rest, that adds up to me that somebody very large may be positioning themselves into something else and taking off some. at least taking profits off the table. >> there is a rotation away from apple? >> a slight protation. >> it's a good call. being down a couple points, a couple basis points is very, very positive. break on through. they are playing the doors very nice. this is rotation on through. the bar is very high for apple and it's really probably for them about the product refresh going forward. the one place where people talk about that and an even greater road to glory might be the enterprise space. when you get a windows version, you may get a group of users. this has been one of the most crowded trades.
5:03 pm
some of the biggest and smartest guys where it's too obvious, this is a bread and butter trade. taking money off the table, this is no surprise. i thought the indeces and the market traded very well when you consider where apple and google are. >> have you taken off apple? >> we haven't. we sold calls as it traded up. some are in the money and the position will be called away from us on those. some are out of the money. we have ones as high as 640. the one thing i want to point out that is interesting is they report next week. i would rather have it trade down into earnings and the bar lowered than up into earnings and have to have them really hit the ball out of the park. one time they won't do it, i don't know if this is the time. i would rather have a trade this way. >> in terms of what is going on and mac sales may disappoint, data is suggesting that 4.1 to 4.4 million macs were sold in
5:04 pm
the march quarter compared to the estimate of 4.5. there is the disappointment. there is not a meaningful refresh of the mac or mac book in a while. they can pick up later on and he expects a quarter to be fine. she an apple bull in that the strength in iphone and ipad will offset this weekend and we might see it. >> right. we didn't lead the show at the end by the doors. >> nice call. >> or that. it's funny that you talk to 100 people and they can't wait for apple to pull back to get an opportunity to buy it cheaper and you see the pull back and serve petrified. i'm not saying you should race in and buy it tomorrow, but this is what you folks have been looking for. a lot of what collin gillis talked about starting to come do into play. apple will get interesting. qualcomm was not down that much. 6/10 of 1%. they want to look ahead of the
5:05 pm
quarter and i think a lot of people are talking about qualcomm. they knocked the cover off the ball and above 64 is the playoff the apple weakness. >> remember the games? >> what games? yes. >> what could this be? >> and what does the chart without knowing what it is. >> are we playing that game now? >> we throw up the chart with apple, we already showed it. let's move on. look at this. it broke through the 20-day moving average and flirting with a 50-day. you didn't know this was apple. >> it said apple flirts with danger. >> seriously. would you say this is a stock that technically is in trouble? >> it's not a broken stock yet. none of the price action is giving me anything to indicate it's broken. not like this is an overvalued stock, but at some point
5:06 pm
somebody will wake up and say valuation is ridiculous. the chart looks dicy. it only looks bad because there are zeros at the end. clearly it's more dramatic than a stock being down than a $60 stock down. with that said, there is still momentum on the downside. not to race in and buy it tomorrow, but this is the opportunity that every apple bowl in the world has been looking for. >> they won't pull the trigger. i pulled the trigger today and bought a little bit more at 589 so it's in my face, but i don't like the idea of trying to get the different spots as apple falls down. you can use that upside. karen talked about selling the premium for the upside calls. look at the implied volatilities. this is normally a stock with the premium amounts in the options is trading between 26 and 31. it's trading over 40. it's trading like 42 to 45. that gives you a great opportunity and with earnings coming out next, i don't see any
5:07 pm
breaks as far as the mac sales and all the rest. there was great opportunities. >> did you say that play out? >> as far as explosion? absolutely. i'm talking about today. the options and lifted very, very rapidly. >> you were buying the calls? >> no, i was buying the stock and i'm going to use the calls. >> the stocks hit a 34 rsi. if you look at that level, you say this is a stock that is very oversold. it's 9% and a big move. samsung that i call the apple of asia or the real apple of the world is down about 5%. this is again rotate on through to the other side and i think you find your spots. 558 on the 50-day is a better place to be buying it than here. >> rotate on through to the other side. >> terrible. >> we are crafting a new song.
5:08 pm
>> all hanging out. at the barbecue down the block. let's move on. more on the apple story, our next guest said it's purely mechanical and a buying opportunity. let's bring in the isi group. we started the segment with the top five cracks in apple story. 1 was mac sales would disax point. how did you interpret the data that would come in below apple estimates? >> that may be the case. march obviously is a seasonal week time for pc sales. when you look at it, the mac is almost irrelevant today. 85% more or less and the company's gross profits are driven by the iphone and ipad. mac is a big business and have about 4% or 5% of the global pc space. at the end of the day from a profitability standpoint, it's not that important. that could be one of the reasons and that's probably the minute reason. much more for the continuation of the weakness with that of the past couple of days.
5:09 pm
use the word collapsing and it's not, but falling on its own weight. i actually think this is a healthy move. we do think that numbers are going to be good. numbers that by and large will be moving higher throughout the quarter. this is a good opportunity. >> there is speculation in the market that perhaps wireless carriers are pushing back when it comes to apples and the subsidies. are you hearing anything to that effect? >> a little bit. at the end of the day, most of the profits from the iphone is the most profitable. 65% of the profits come from number one, carry subsidies. $400 is well over the industry standard and number two, the resell. that's about a 44-45% of resal. when they sell more nan flash memory into the iphone. once we reach the threshold of penetration meaning that thenal business can't get much bigger
5:10 pm
from an iphone standpoint inside a carrier, we will see push back. i think that's at least 24 months away in our view. you think about how they staggered the ramp up of the global carrier footprint. it's gone like this. these are multiyear contracts. it's not going to be this falloff for one quarter when it starts to unfold. it will be a hairline fracture in the twhaul is bigger and bigger overtime. i don't think it will be a surprise to people or shock, if you will. >> what are you looking for this year to get you to your target. >> clearly we want to see 125 million iphone. that's conservative and based on the footprint assuming no iphone 5 and no partners coming into the mix, assuming that the carrier footprint doesn't grow, we can ship at least 175 million units into that footprint. that's what i call the theoretical threshold of penetration. you take that and swap it out
5:11 pm
and put it on and the earnings go from $43 to $53. continued success and continued market share penetration of the global smart phone space and continued ipad momentum. we are expecting 60 million units and probably going to be more than that. i think those are the key things we are looking for. >> the refresh cycle is something everybody believes in because they have been so impressive is on the hardware side. a lot of people think the growth is more on the ecosystem. again to me this is the biggest risk. do you think apple will continue to impress investors, mostly consumers on the product refresh? the bar is so high that i think it's easier for people like samsung and nokia who is running hard to catch up. even though it's not competitive here, they exist where they are starting to make the product cheaper and some people think better. >> that's a good point. the ecosystem is very sticky, but in order for that ecosystem
5:12 pm
to grow, they have to have innovative products. when i was in barcelona in late february or early march, they said it was phenomenal. small and lightweight and thin. looked great. they don't have the ecosystem. it's probably going to have limited success trying to take share from the ios community. the other 95% of the market is probably going to do okay. apple needs to keep continuing to generate innovative products. that was one of the things that steve drove people to do things that were not humanly possible. obviously tim cook is no push over. they will continue down that engine and create revolutionary products going forward. i think they will continue to do well. >> great to speak with you and thanks for your time. brian marshall at isi. apple on the worst five-day
5:13 pm
losing streak down 9% in the past five sessions alone. i'm curious. we had an apple bowl now. it indicates people are still bullish and you are seeing calls trade actively and high strike. >> yeah, overall the activity in the option market in apple was moderately bearish and not apocalyptic, but two times the total volume which is what you expect and the puts were at the money. people buying insurance. i was thinking about all these guys who now have $1,000 price targets. i looked at the highest strike listed in apple and in the january expiration, the highest strike is $960 a share. 1500 of those were bought today. not at a dime or a quarter or a little bit of money, they traded at $4 an option. $400 an option is the way it works out. it's 100 shares per option. somebody spent real money to get exposure to apple above $960 a
5:14 pm
share before the january expiration. >> that's interesting. how would you interpret that activity when it's so out there. >> it is so far out there, i would try to not read too much into that. i know scott would agree, but it's interesting to see that activity when we are talking about the implied volatilities. we are talking about april and may as far as the explosive moves. further out, less volatile obviously. it always ends up being that type of a way, but the thousands i don't want to overread too much. >> rim research in notion surging as the company is in talks to weigh options citing people familiar with the matter you see. that's a nice one actually in the after hours session. we should note that they called research in motion no comment so far. we will bring that to you. it seems like this is the subject of a lot of rumor mongers. >> a lot of speculation.
5:15 pm
i am long rim calls that we bought ten days ago because i thought they were up for sale. i thought that the ceo pretty much said we are looking at everything and everything is on the table. i'm not sure how this is different although if they really do have a process in place which is not saying they do, but if they had a process in place and a data room and had people come through it, i would think we will see upside from here. >> i still think the risk-reward, you have to be on the long side. i don't love the company, but i like the stock. there is a difference. liking the stock is not an endorsement of the company. i think it's broken. i could see somebody bidding $10 billion for these guys. you risk 12 1/2 for a 19. >> when you see nokia trade down to 390 a share or so, at what
5:16 pm
point does that translate into weakness for the products and is a benefit to research in motion? >> or it just shows you how quickly you can fall behind and these are two great examples. the only thing i say about rim is there is a ton of value here. we had three or four opportunities to get to take part on this and they missed it. fortunately it's cheaper than ever. today's bounce may be the one. >> coming up next, it's not just apple shows signs of weakness. guy the negotiator is checking for breaks in mo mo names like priceline and starbucks. looking for a break out outside the bricks. a search for growth the grope with ruchir sharma. [ male announcer ] when a major hospital
5:17 pm
wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made it real for me. we built a guitar, we did things with electronics and mother boards. that's where the interest in engineering came from. so now, as an engineer, i have a career that speaks to that passion. thank you, mr. davies.
5:18 pm
not quite knowing what the next phase was going to be, you know, because you been, you know, this is what you had been doing. you know, working, working, working, working, working, working. and now you're talking about, well you know, i won't be, and i get the chance to spend more time with my wife and my kids. it's my world. that's my world. ♪ [ male announcer ] while others are content to imitate, we'll continue to innovate. the lexus rx. why settle for a copy when you can own the original? see your lexus dealer.
5:20 pm
. welcome back to fast money in times square. the market is higher after citi set the stage that topped analyst expectations. goldman and u.s. bank corp is set to tomorrow, but it was interesting about the move that we saw in the banks today. you would have thought it would have come on friday and it came today. i'm just wondering what you make of this embrace of the financials today as opposed to friday and whether or not it can carry over. >> some of the data that was out, citibank's and goldman's earnings last week were the areas that were strong and goldman has a big presence. that should bode well for them. i don't know what to make of it. i don't want to make too much out of it. there is a spin issue that they have to deal with in general.
5:21 pm
i don't know how much that is weighing on the stock. going into earnings, i think goldman is attractive. the franchise value is incredible and the evaluation is ridiculous. >> the last quarter goldman came in traded around $94. the stock traded up $35 for the next couple of weeks and never looked back until recently. maybe you won't have that kind of move. u.s. bank corp to me, i think you are hoping with usb, a tepid quarter and hope the street sells it off and get another opportunity to buy. that's hopefully what it happening. a lot of folks warming up to it. i think that's the help. >> goldman sachs's options are indicating people expect to see a substantial moves because they are trading at about a 4% implied type of a move. that's a significant move for goldman. one way or the other, we will see a move and looking at the volatilitie volatilities, the easiest trade
5:22 pm
really was something that john put on. i tried to put it on and i missed it. selling out of the money calls and trying to put the strangle on to stay within the 5%ish ranch. >> we asked everybody what they were expecting from goldman. that was the poll of the day. here's what you said. 54% said you thought goldman would beat estimates and 27% in line and 19% said they would miss. interesting. the question is even if they beat, would the stock react higher? let's bring in the managing partner. who doesn't love anthony? anthony? >> i love you too, guy. >> i'm not here. >> i love you too, melissa, but not like i love guy. i want to make a prediction that you can hold me to in a fast fire session. i think goldman will beat on earnings, but under on the revenue side. karen is pointing out that a lot of guys on a fixed income side
5:23 pm
have done well and goldman will do well in the mortgage back space. i think there is something interesting going on in goldman. they are reinventing themselves. if you look at the return on equity, it's been in the 15 to 20% zone. since the financial crisis, it trended down to about a 10% return. if you look at where treasuries are, treasuries, the tenure is 2% and goldman is getting five times the risk-free rate on the equity and only trading at ten times forward earnings and to karen's point, it's very, very cheap and trading at book value. you can buy a world class franchise like this below book value with the expectations that the earnings will be okay, this is a long-term winner i think. i will put $140 price target over the next 12 months as it relates to goldman. >> you have a good insight as to
5:24 pm
them on the streets and the ability to normalize earnings. if anything, people are talking about expense control and operating efficiency and what not. i agree and i think the trading numbers as evidenced will be stronger for all of these guys and goldman even though they are unwining in china and other things that have been good investments continue to kind of span the emerging world. is the goldman we knew yesterday dead in their ability to create enormous value from the trading side? >> tim, i can't predict that because in five years we can do that look back. i sort of think not. i think these guys are among the most clever on the street and they spent the last six months trying to reinvent themselves. they are shedding some of their veterans that are the higher price talent and they can make perhaps less revenues and more earnings over the next five years. even if he gets to a 12 to 13 multiple on this stock, interest
5:25 pm
rates go up a little bit and it's just a great winner. you get a 1.2% yield and look at goldman bonds trading at a 350 over the treasury. a world class franchise and can't predict what will happen on the trading side, but i can tell you if there is proprietary trading profits, a lot of it comes out of goldman sachs. they have the franchise and i think they are doing a much better job of managing the pr even though they had this incident recently. that's just a blip on the radar for these guys over the next three to five years. stocks up 38% this year. perhaps people should not chase it, but i do see another 20% here over the next 12 months. >> 20% over 12 months. not bad. we can't forget about the salt conference. we were there last year. it was a lot of fun. i will be going.
5:26 pm
anthony will be here. in the halftime report, they will be here. may 8th through 11th. >> may 8th through 11th. secretary robert gates and the defense secretary, we also have former vice president al gore. a whole list of very interesting people including sarah palin. i like to mix it up. we don't want this to be a partisan conference, but we want it to be an ideological one. hopefully david axelrod will return from the white house and a few other people. it will be exciting. if you go to saltconference.com you can see the agenda. melissa will not be with us unless we can convince the higher ups. scott wapner who is less lovely as melissa, but not as lovely as guy. >> wedged in there. >> he has a band playing out there. i don't know if i can divulge it. >> we have a special appearance
5:27 pm
band. it's not tim's band, but one that most people are familiar with. >> it would be too expensive. >> i will cover for you. >> anthony, to see you. may 8th through 11th in las vegas. >> is the market ready for a pull back? it may be time to take profits. let's welcome the contributor who said a correction is in store? >> i think it's reasonable to expect a correction. i have been bullish of stocks in december and stayed bullish in january. i got stupid and got out in february, expecting a construction then. i do think we will take the s&p back somewhere close to 1340 or 1360. valuations will be substantive enough to come back and be a buyer. it's not that far away. still a bull market and earnings are strong. the economy is improving and all-around the world. i don't think you can under
5:28 pm
estimate the benefits that accrued and most particularly to the united states about what's going on in energy prices. a correction is reasonable and long overdue and upon us with apple starting to be the to lead the way down. >> what are some of the scenarios or the factors surrounding a correction down to 1340 to 1360? correlations come up and do we see a break down of the stocks as we have been seeing in the past couple of sessions of an apple? give us the idea of what this looks like from a trading perspective. >> that's the point. apple was the leader and she will be the leader on the downside. as i like to think in military terms, when the general is taken out and gets shot, the general is probably a little bit wounded in apple. the rest of the army tends to be a little less organized and concerned. a little confused and confusion breeds contempt. it won't be much and overt and
5:29 pm
not going to be 15 or 20%. another 20 points down on the downside. maybe you will get a few companies that disappoint on earnings and might have a few that disappoint as far as top line sales, but the normal come as you are actions that occur after you have gotten overbought and marks tended to correct a bit. what you did see today, money out of apple and going into high dividend payers and the cokes and those sorts of things that are 4% and 5% were holding up very, very well. you are likely to see that for a while. >> we wanted to pose a question that come via twitter. the moment of truth. i am long and wary against $46. >> i think owning the minors, minors were cheaper to gold. they were cheap relative to gold a year and a half ago and six months ago. they are going to be cheap relative to gold today.
5:30 pm
i bet they are cheap relative to gold in six months. especially the jurns has been pummelled. you have been right on with gold and you have been wrong being long of the goldminers. there is no sense in owning them. sometime in the future, the goldminers will outperform gold itself, but for five years, it has been a terrible terrible trade and probably going to continue to be, mark this down, until the stops. >> thanks for your time and always good to see you. coming up next, betting on developing economies beyond the prix. morgan stanley reveals where he is fining value outside of the usual suspects. more fast straight ahead. [ male announcer ] this... is the at&t network.
5:32 pm
5:33 pm
automating all the right actions, to bring all the right results. [ whirring and beeping ] it's the at&t network -- doing more with data to help business do more for customers. ♪ it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. [ shapiro ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com, we put the law on your side.
5:34 pm
>> welcome back to fast money. live at the market site in times square. market investors watching intently as speculation grow that is the central bank could cut rates. the thesis is that growth prospects are dimming. sharma's book hit the stands about a week ago. >> i'm reading it. right here. >> a pleasure to have you with us. in terms of india, not only do you see the prospects dimming, but the prospects for the other members of the brick countries. >> to put it into perspective, the last decade was a freaky decade for emerging marks and the average growth rate, the
5:35 pm
last 50 or 60 years have been about 5%. in the period from 03 to 08, the average rate rose to 7.5%. this was a rising tide that lifted on the boats and what happened is after the crisis in 2008, 2009, the growth rates of many markets are falling back again and some of problems that these economies had are coming back to the surface. what i try to do here is to travel the world. i try to spend one week in each market a month. then trying to put it all together, to try to tell people that what is the shape of the asset class going to be in the coming decade? >> give us an example of a problem that had been pushed aside and is reemerging and challenging growth in a particular market. >> the growth ready last time dipped to 2.7%, that's
5:36 pm
disappointing for brazil. now, what happened with brazil is over the past decade lifted the economy. with the underlying problem in brazil, they are far too big of a welfare state. government spending is close to 14%. that makes it very uncompetitive because a lot of the privates are crowded out due to high interest rates as a consequence of that high welfare spending. that's a good example of an economy that always had this issue. it has been around since the 1970s and got cloaked by the boom of the past decade. >> that's a great point and this is a fantastic thing. you raise the bar. everyone knows it's a great demographic story. these are markets where you can see 40% a year or maybe 15 to 20 here. this market will be down. brazil is down 7.5%.
5:37 pm
most people don't know that. one of the things people are missing is the generational trade in emfx. a lot of these countries want to keep it weak and a lot of people say this is a generational trade and they are going to parody. you can talk about ta? it's in their interest and we is have seen it with china. how do you trade that? >> it's a great point. i am bearish on the currency because i think the currency today is possibly the most expensive currency in the world. >> i'm sure the brazilians think that. >> for you walk around fifth avenue and see the hotels, they are filled with the shoppers and they find it much cheaper to come here and shop than anything back at home. in the midst of high prices with the account deficit of 2.5% of gdp. imagine what happen when is they goes away which i think it could. i think that some of these currencies used to be cheap a
5:38 pm
decade ago, but the brazilian currency was over 3-1 on the dollar. today it's below two. the government does not want the currency to get more expensive. it is struggling to change the situation. i feel that the brazilian currenciy is down and not up. >> let's talk about what the break out nations are. do they not have the problems that the bricks have for instance? how do you come up with this list as break out nation? >> i think it's really important to understand how i define a break out nation. i think i have two criteria. the expectations are key. that when an economy grows like india, the indian economy grows at 6%. a lot of people say it's not that great. it's 6% and that's far higher than the global average. i say no because there two
5:39 pm
points and nobody expects them to grow at 6%. they are going to 8 to 9% in 2010 at least. the second is per capita income. the poorer the country the higher the growth rate. if a poorer country grows at 3% to 4%, that is a much less development. when defining a break out nation. as far as my list goes, it's the country to beat expectations. india's case is classic. the economy last year dipped to below 7%. the stock market in dollar terms fell by 35%. also it's fiscal finances went out of order. i think that expectations are key and break out nations for those countries which will beat expectations and also better than the peer group in the same income class. by that i mean per capita income. >> you talk about an oil mania like the dot-com and you expand
5:40 pm
on that a little bit? >> we looked at modities the last 200 years and they follow this. two deak eads down and one up. they have been much worse than stocks and bonds and gold. gold say commodity, but in the middle of asset classes. my point here is that a decade ago, the story in magazines used to be how oil will find dollars. that was the most famous story in the 1980s. since then oil prices went up more than ten times. what happened is if you look at the number of billionaires we have in the world, the number of billionaires in the commodity space is similar for the share of the total number and tech billionaires at the peak of the dot-com boom in 1999 and 2000. the sign to me that something is off. when i see this speculative
5:41 pm
flows going into oil. one of the facts that i find stunning, the trading volumes in oil. the energy space is 18 to 19 times underlying demand. a decade ago it's three to four times. there is a lot of money chasing this. my point is to be wary. when a long-term history is down at a time in china when they are showing signs of slowing down. >> it's a pleasure to have you with us. come by the show again. >> thank you. >> the head of emerging markets. we are trading tomorrow's trifecta of earnings after this. ♪ ♪
5:42 pm
[ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ introducing gold choice. the freedom you can only get from hertz to keep the car you reserved or simply choose another. and it's free. ya know, for whoever you are that day. it's just another way you'll be traveling at the speed of hertz. my dad and grandfather spent their whole careers here. [ charlie ] we're the heartbeat of this place, the people on the line. we take pride in what we do. when that refrigerator ships out the door, it's us that work out here. [ michael ] we're on the forefront of revitalizing manufacturing. we're proving that it can be done here, and it can be done well. [ ilona ] i came to ge after the plant i was working at
5:43 pm
closed after 33 years. ge's giving me the chance to start back over. [ cindy ] there's construction workers everywhere. so what does that mean? it means work. it means work for more people. [ brian ] there's a bright future here, and there's a chance to get on the ground floor of something big, something that will bring us back. not only this company, but this country. ♪
5:44 pm
5:45 pm
people are talking about are intel and volume will be low. on a name like intel, i'm bearish. largely because of the product mix. you don't have to be too cute playing to the downside. an april 28th put. you look at this in the middle of the day and pay about 35 cents, but that's the first out of the money put. you get downside exposure immediately. just in general, i think intel will have a tough quarter. >> a 52-week high? >> he will be all of this? >> he was a monster operating margin. scott is right, this won't give you that much opportunity. i love intel, but if scott is right, take your money off the table. >> shipments were up. >> just so you know. >> catch more options action and follow the show on twitter. concentrate on the updates. driving games by going green.
5:46 pm
why one inn lift said they put it in a lane all of its own. more fast. i went to a small high school. the teacher that comes to mind for me is my high school math teacher, dr. gilmore. i mean he could teach. he was there for us, even if we needed him in college. you could call him, you had his phone number. he was just focused on making sure we were gonna be successful.
5:47 pm
he would never give up on any of us. laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. thanks. i know a quiet little place where we can get some work done. there's a three-prong plug. i have club passes. [ male announcer ] get the mileage card with special perks on united, like a free checked bag, united club passes, and priority boarding. thanks. ♪ okay. what's your secret? [ male announcer ] the united mileageplus explorer card. get it and you're in. great shot.
5:48 pm
how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you build? nice shot kid. the nba around the world built by the only company that could. cisco.
5:49 pm
>> today kicks off annual earth week where we will be focusing on the business of green. despite pull back of shares, our next guest believes there is more upside here. let's bring in the analyst to break down the top green. great to have you with us. about a month or a few weeks ago, the energy company sold their stake in the company. should we be concerned about that? >> i don't think so. there was an investor who went through a review who decided to exit the position. it's great with a buying opportunity with the recent sell off. >> can the units be bought by consumers and they remain relatively low. >> i don't think gas prices are the real driver. i don't think this is a lifestyle choice. for premium vehicles, we look at the market of about 2.5 million
5:50 pm
cars. our projections include 21,000 in sales. they are less than 1% globally. we think this is a fantastic car that folks that are buying the vehicles will love to drive. it handles well and has great power and means the range criteria for the drivers looking for the third or fourth vehicle for their home. >> what keeps them from getting into the higher end and compete with a car? >> it's the battery pack. this is something they have done a phenomenal job with. the cooling system is a real feat of engineering and the engineering. they migrate fors becoming a designer and using them as an operator for them. they designed their batteries and the specialized ways that
5:51 pm
allows them to get more power. it's really a low cost high powered solution that is allowing them to produce the range and produce the power and also the design allowed them to put the weight of the low end of the vehicle and provide handling that is unparalleled in the market. >> thanks for your time. appreciate it. got a buy rating of $39. >> it's interesting ahead of earnings. the play is that you wait and wait and wait and you take a shot. there is a good chance of seeing a huge rally. 35 timesish forward earnings, i'm not sure. play it ahead of earnings. >> we're are headed down under to drum up a winning currency trade. stay tuned. with the spark miles card from capital one,
5:52 pm
thor's couture gets the most rewards of any small business credit card. [ garth ] thor's small business earns double miles on every purchase, every day! here's my spark card. and here's your wool. why settle for less? great businesses deserve the most rewards! the spiked heels are working. wow! who are you wearing? uhhh, his cousin. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! wait! your boa. what's in your wallet? how do you know which ones to follow? the equity summary score consolidates the ratings
5:53 pm
of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea.
5:54 pm
5:55 pm
>> that's true. it's likely that even though it wasn't a revaluation overnight, the chinese authority did more volatility into the currency. they wouldn't have done it unless they foresaw recovery coming in china. in that respect it is positive for the aussie. overnight last night, the chinese currency fixed a bit weaker. they did stronger and have a feeling that they widened the ban ahead of the meeting to take the pressure off of them to appreciate the currency. >> you are looking to sell aussie versus yen? >> i am. tonight is the reserved bank of industrial with the minutes. they signalled that they would likely cut the policy rate ahead in may. that will weigh on the currency and make sure that aussie and the yen because yen is strong
5:56 pm
because of the euro zone. as we look at the levels here, they are on the kournt level and a move down to 81.20. i put a move at 84.60. >> catch more money in motion every friday at 5:30 p.m. eastern time. let's timeout this. this is on chesapeake energy. take a listen. >> hey, fast money. i was wondering, i bought chesapeake energy about a year ago and watch it go from 24 to 32 and back down to 22. what should i do? buy, hold, or sell? thanks. >> given the fact that it has been beaten like you know what, you should hold on to it. there is upside and i picked the names over this. but if you are there, you have upside. >> i have two words.
5:57 pm
5:58 pm
who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ.
5:59 pm
women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are, or may become pregnant or are breast feeding should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breathing during sleep, and blood clots in the legs. tell your doctor about your medical conditions and medications, especially insulin, corticosteroids, or medicines to decrease blood clotting. talk to your doctor today about androgel 1.62% so you can use less gel. log on now to androgeloffer.com and you could pay as little as ten dollars a month for androgel 1.62%. what are you waiting for? this is big news.
71 Views
IN COLLECTIONS
CNBC Television Archive Television Archive News Search ServiceUploaded by TV Archive on