so, a harty congratulations goes out tonight to the u.s. postal service, whiches is trying to keep up with the times in the 21st century and the age of the internet. much has been said about the news today that the post office plans to eliminate letter deliveries on saturdays. that move estimates to save some $2 billion a year. it's a start. but let's not forget that last year, the post office lost $16 billion. i understand the reaction is mixed on this. many people will be inconvenienced without mail on saturday. but any kind of kuchlts will, of course, inconvenience some. but the troubling aspect of all of this is who some of the loudest nay sayers of this move are. name little our lawmakers. sadly, this is the one lawmaker where there seems to be support. republican senator susan collins saying cuts services should be a last resort. democratic snoshg mark begich says it was a bad news. these are, of course, the same people who need to get serious about government spending, before america has a true crisis. what the post office is doing is

what any business would do. they are looking for ways to cut back. we should applaud this. times have changed. we are in the internet age. people are paying bills online, sending e-mails. the post office must keep up with the times. wouldn't it be nice if other government agencies also kept up with the times and realized that after so many decades of no changes to the system, and a completely different landscape in demographics, that medicare and social security should also change with the times? it's amazing that the post office, long the butt of jokes in this country, could, in fact, be the lone voice of reason in washington. that will do it for me. see you tomorrow. stay with us. "fast money" begins right now. live from the nasdaq market site in new york city's times square, i'm melissa lee. debbie downer. we are so close to a record for stocks. why the bears are starting to growl. yelp reviews. the ceo joins us with his take on monetizing mobile and how his

company is competing with google and facebook. and rotten apple? the woman who called the demise of enron explains why the tech darling has further to fall. let eelgs go straight to the traders and ask what the top trade was today. guy. >> good to be here tonight! love the rhames for a long time and if you want to go downstream in rails, we talked about this name before, had a nice day today. look at trinity industries, trn. >> karen, your top trade? >> didn't do a ton, but f and p, a name we talk about from time to time continues its upward march. >> fifth and pacific, to be exact. >> the old liz claiborne. >> steve grasso? >> goldman sachs. poised to make a move to $173. tim? >> we continue to think the world markets are stretched. in that way, we think emerging markets have underperformed. we are long eem. we got short some mxwo, which is the msci world which is stretched and i think it is a sell here.

>> let's get to a trade we are all watching today. shares of apple climbing mid-session and then to close the session lower. the question we ask tonight, is apple to $200 a share? that is the number of next guest is throwing around in an article just published today. she's known for spot-on calls like her prediction the collapse of enron. so, could apple have althoughno% to fall? let's wealthy bettany mcclain. bethany, great to see you. >> thank you for having me on. >> now, correct me if i'm wrong, but i read through the article. i didn't see you say $200 a share, though, that was in the headline. do you think 200 is the right number? how do you get there? >> i don't think 200 is necessarily the right number. what the article says is, is apple a value trap? and i think the idea is, it might have farther to fall. just because it was once $700 a share doesn't give any reason that it should be $700 a share again. >> and it seems like, you know, you lay out a lot of the case that the bears will throw out,

that it's momentum its slowing, that its share is decreasing, but a lot of the argument has to do with stock psychology and how so many analysts were just willing to give it a pass. do you think that is what had kept apple going higher and now is responsible for the fall? >> i think there's some of that, yeah. i think psychology is a really powerful thing. it's human nature to think that there's a reason it should be at $700 a share again. but there's this argument, if you think about value investor, they look at normalized earning, and there's this argument that apple's earnings of the past couple of years, which make its stock look so cheap weren't real. they were this extraordinary thing. and that apple's true level of earnings is something much lower, making it more expensive stock that it might appear, by the p.e. measure. >> bethany, it's karen. let me ask you. how do you think about -- i know $200 isn't the value you assi assigned, but given what you're saying about potential slowdown and loss of market share and

herbing le inin ining -- earnine street thinks, what is the rice price for apple at this point? >> i have heard people toss levels around $200, the apple skeptics out there. the huge amount of cash apple has, tax adjusted, $111 a share right now, so, you'd say it's hard to believe it's going to go to that level, until they show signs of starting to burn through cash. if they do. there's an argument that technology companies once innovation dries up, they burn through their cash. you'd have to see signs of that before the stock goes below $200. >> bethany, it's tim. while it's slowing down in terms of its relative, you know, kind of, rate of increasing in the past couple of years, this is still a company that has new business models that it's rolling out. i guess i'm a little confused why we think they're going to be earning a lot less than they've earned now or, what's the right

level here? where do they platplateau? >> so, the argument is that a great deal of apple's profits, some two-thirds come from sales of the iphone and related products. if you've got the iphone starting to reverse whether because of new products, whether because the carriers get more -- get more clout and stop giving apple the kind of subsidies it's got, you don't have the same level of profits coming from apple's other products. and there could absolutely be a new product, be it apple tv, some form of electronic payments waiting in the wings that's going to blow us all away once again. but we haven't seen a sign of what that is yet. so far, apple's new products have been more evolutionary than revolutionary. so, i'm really looking to the iphone, saying, what happens here? >> and, bethany, bill miller gave an interview to "the financial times" and he said if apple kept every dollar in cash on its balance sheet, $137

billion, but simply used its free cash flow to pay a dividend, that could boost the stock by 50%. is that any sort of answer, does that then just firmly plant apple into the value stock category? >> right, it does start to plant apple into the value stock category. and that's another part of this argument that stocks, when that go through a transition from growth investors to value investors, it's a messy transition. and i think growth investors are not going to get what they thought they were going to get, which is an apple that dominates the world in every single product category. that was never really apple's mojo. and it kind of achieved that through an accident of a quirk in the mobile phone market. and that's -- that's -- we might see signs of that changing and i think you're going to have the investor-based replaced with a value-oriented inves or the base and that's going to be a messy transition. >> bethany, thank you for coming on. appreciate it. >> thank you. >> steve grasso, what do you

make of this? it seems like there are data points out there that indicate that the hands are changing in terms of who holds apple, that it is more tilting to a value investor. >> definitely. there are buyers for a value investor. karen right to my right, tim across the table. but the truth is, it is changing. and it's valued now no longer as a growth stock. it's not given that multiple. just right now it's not. but remember, carter was on, we talked about it technically being a buy off that 435 bottom. i bought the stock, off that level, a little bit higher, once it confirmed. i'm still long it. but for the longer story, the growth story, i'm long amazon and i'm long google. >> i'm sorry. real quick. people want to buy it so badly. you saw that in the price action today on the back of what seems to be unfounded rumors right now about, i guess a dividend boost or buy-back or something along those lines, but the stock -- i think the stock is trying to tell you, it just flounders here. i this i the path of least resistance still a little lower in the name.

>> the price action today was key in terms of that -- that rumor hit and the reason why we mention the rumor is simply because it did move the stock in a prr pronounvery pronounced wa company would be paying a dividend -- >> doesn't it tell you -- >> ahead of a conference next week, goldman sachs conference on tuesday. >> to me, it tells you, sure, there's a lot of momentum. people are short this stock, that are going to jump in and cover or any news. but also tells me that there's a lot of people that want to own this company and we've been in a dirth of good news. people focusing on gross margins, which might have been down, not structurally, because they spent a lot of money investing in the iphone 5. there are reasons why the numbers weren't as good as they can be. you can argue on both sides of this. that move today tells you a lot of people want to own the stock and the company has not given you any reason to want to run in there and buy it. you don't necessarily need to run in and buy it today, but ultimately, there's a lot of people that think this stock is cheap. >> or somebody wanted toll do the rumor to get obvious the stock. that's the other -- >> people float rumors in the

stock? >> oh, the horror. >> you know what, we've been long a long time, but the one point i would make is, this has not had a growth multiple for quite some time. >> some time, yeah, that's true. >> quite some time. so, i think she's absolutely right about the transition from momentum to growth, but -- value, rather, but i wonder if that's happened already. >> let's check the with julia borsen with breaking news on news corp. >> that's right. news corp. cut its 2013 operating income growth outlook to mid to high single digit range. now, that's down from where it was. it was in the high single to low double-digit range, so, that's what's pushing the shares higher. there's been a lot of talk on the conference call that's going on right now about a potential sports network, chase kerry, on the call, says that think they have a unique combination of rights and assets. he said that the dodgers were too rich for their blood but they are trying to figure out

how to make the most of the rights they do have, like nascar, baseball, element set that. that is something that is interesting analysts on the call. >> thank you so much. interesting contrast, as we got disney results that were much better than expected. setting a fresh record high in today's session. >> i thought -- you mentioned price action on apple, the price action on disney today wasn't great. it traded up, made an all-time high and sort of floated down the rest of the day. it's lower now maybe on the back of news corp. monster volume day in the name. i thought the quarter was great, i like the stock, i think in terms of the way it's trading, feels like i wants to trade lower from here. >> the move on news corp. here, it is off, we're just a whisper away from its 52-week high. the stock has been doing well. >> 24 to 28. let's hit pops and drops, big movers of the session. a pop for cummins. karen? >> i'm sad i let that one go at 106. they announced earnings they are just okay. but they're without me.

>> pop for wyndham worldwide, up 7%. >> this is a company that people like the valuation on. >> drop for gamestop, down 6%. grasso? >> this is the danger of shorting a stock with an incredible short interest outstanding. even though short interest has increased, i'd be nervous about this one. i would not be long this name, but be careful for you shorts. >> drop for ch robinson, down 10%. guy? >> revenue beat, but an eps miss and the valuation, 20 times earning, needed more to get the stock going. this is a huge move, i would think it sells off again tomorrow and you re-evaluate. >> drop for affleck. mike khouw? >> announced earnings, $1.48 a share, that matched the estimates, but their forecasts are lower. they get the bulk of their rev newspapers from japan. it's being hurt by a weaker yen. they're forecasting below the 661 that the street is looking for. >> and we have a pop for the

human dog. out of the 80 pets in the u.s., it was bound to happen that one looked like a human. tonic is blowing up the internet with his disturbing stare. he is currently up for adoption at an indiana shelter, in case you are interested. and we noticed tonic looked strangely familiar. >> disturbing. oh. >> here. >> yeah. look. i mean -- >> you make a cute dog, tim. >> dogs are, you know, man's best friend, they say. >> all right, on deck this hour, one outspoken hedge fund manager tells us why he is zipping up his bear suit to protect his assets against a directiocorrec plus, try your hand at gaming stocks. how can you play them. and, later on, yelp's ceo joins us, first on cnbc to discuss earnings and why he views facebook's new graph search as a threat. mrp "fast" straight ahead. how sharp is your business security? can it help protect your people and property,

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beat to a lower tax bract. the issue is a top line. 17% revenue gout, that compares to tous quarter's top line surge of 23%. akam, down about 16% here in the afterhours. melissa, back to you. >> thank you, josh. big move here, guy. >> huge move. >> what does that tell you about how it is surviving against stiff competition in the space? >> people are concerned about this being commoditized, which has been the concern. 20 times forward earnings scares people. it's one of those things where they have to absolutely crush for the stock to continue to go higher. they didn't do this. this is a big movement it's down 16%, if i'm not mistaken. so, again, this is where tomorrow you're going to have a monster volume day. this is actually a name tomorrow -- towards the end of the day, you look to buy and get long. >> by the way, for the viewers, if you notice that word, if you remove the put in ta d -- >> there's an extra a at the end. >> you can do that with a lot of

words. >> i'm half sill sis yan, half italian, for the folks at home. it has nothing to do with me. timmy is just trying to be funny. ha-ha. >> funny how? >> move on. >> all right. gladly. sometimes it's tough to buy the losers and sell the winners. let's play a little hold 'em or fold 'em. guy, we start with you. netflix. >> again, we've talked about this, clearly this is not nearly as interesting as it was $100 ago. but it's still pretty interesting. i don't think it would surprise anyone at a 184 close to see this stock print 200. the answer is hold 'em, on the lightning. sorry. >> grasso -- >> a little too pricey here. seem to be poised to move higher. that would be a tail wind for the stock. wait for it hold $115.31 for two-day confirmation. >> ralph lauren, sitting at its highest level since march 2012.

karen? >> i would hold 'em. little expensive. >> all right. >> not short it, though. >> tim, in the meat space for you. tyson food, highest levels since july '07. >>n't c can't get enough meat. >> say what? >> tyson is going to be benefits from yum's problems in china. the global em story in terms of meat, we know all about the deck grapher story is very good, but this stock is very extended. fold 'em here and i think this is a stock you can reinitiate around the $22 level. >> can't get enough meat. >> you know -- not a vegetarian. what can i say? >> disney, all-time high. karen? >> oh, that is a tough one. it's terrible to say we sold some. that kind of ruins the whole thing. >> it's the truth. >> it is the truth. sold some today. >> hold some, hold some? >> yes. >> don't let her off. >> why? >> why do i need -- >> you need to be in or out. >> move on. >> anyway. valero. 52-week high on tuesday.

highest level since june '08. grasso? >> fold around these levels. a confirmation above $46.31, i would repurchase so then i would be a holder of them. but right now, fold 'em. do you have audio? i thought you had audio for this. don't you have something for fold 'em? >> guy, clorox? >> people are shooting against these guys on valuation. but you see the quarter they just reported, because the wipes, everybody's freaking out about the flu. >> i wipe down my computer every day. >> did you bleach your tires? >> you bleach the tires so when you -- >> this segment's really working. >> sorry. >> anyway. 3 3m, tim. >> i hold 'em. their buy-back program is something i believe will make investors have happy genrack. mike khouw? >> definitely fold. it's trading at a record multiple. the second thing is, this is

really one story. they make residential generators. the stock got a big pop off of the hurricane and i don't think you want to trade that as a long-term play. >> and johnson & johnson, another long-time high. back to mike khouw. >> this is a little bit different. it is trading about a turn more expensive than it usually does but that doesn't make it pricey. 14 times earning, yielding 3.4%. so, i think you can hold 'em here. >> all right, let's move on here. if the saying so goes january, so goes the year is true and it has been throughout time, 2013 could be the year for the record books. but is the rally for real? take a listen to what blackstone's byron wean has to said. >> i still think we're going to have a correction. the market started with investors complacent. now, they are almost euphoric. everybody you have on the program thinks the market's going higher. we've got a lot of hurdles that we've got to get over. >> so, is it time to get bearish? let's bring in doug cass, president of seabreeze partners manage. he joins us on the "fast" line.

good to speak with you. >> hey, mel. >> you have two major reasons why you are bearish. sentiment, as well as valuations. let's talk about valuations. you say they are now at five-year decade averages. you compare levels to where we were compared to five years ago, which is, you know, i guys the comparables, now in terms of the dow and s&p 500, valuations actually look pretty decent to where the markets were last time around and companies are much stronger. why do you think valuation should be an alarm bell for this rally? >> because -- two reasons. first, the secular challenges are unprecedented. we are in a period of slower growth. ultimately fundamentals rule stock prices. they're the mother's milk of stock prices, as larry kudlow says. and it's unclear -- i'm in byron's camp with regard to earnings. i think we face an earnings cliff ahead. because of tax and fiscal policy. i think our domestic recovery is

going to be weaker than expected. the cbo reduced their real gdp forecast for the u.s. to 1.4% late yesterday. and i think we're going to see continuing weakness in europe. and it's unclear to me why we should pay a five-decade average multiple for a market whose earnings quality is weak. whose earnings and growth economically is dependent upon expansive monetary and fiscal b policy. to me, our economy and corporate profit picture is a like a company that reports fourth quarter herbiearnings that meet expectation but the effective tax rate goes from 35% to 20%. it's a very low quality number. and the fact is, we're going to see a fiscal drag going forward. certainly in the first half. the consumer is the achille's heel of the compaeconomy. and i think growth will miss expectations. but i get optimistic when i hear about a $200 price target for apple as your prior guest

suggested. >> doug, i'm sort of in your camp. i think it's built on sand, as well. but i think we're going to 1350. everything overshoots the upside and the downside. what's the right multiple and where do you think we trade down to? >> i think the fair market value of the s&p is, guy, roughly 80 or 90 points lower. i think it's being buoyed by investor sentiment, that has been elevated to levels that have a starkly coincided with significant market corrections. this morning, investors intelligence revealed the dif against shl between bulls and bears is the largest since june 2011. the spread is, like, 34, between bulls at 54% and bears at 22%. it's above the prior two highs of 2012 and april 2012. we began a 10% correction, september 2012, we began an 8%

correction and during the summer of 2011, when the reading was as high as it is now, the market corrected by nearly 20%. >> right. >> so, i think we're -- i'm really in byron's camp. >> so, doug, bottom line this. if you are an investor what is a safe stock, safe sector to hide out in during this turbulence? >> i would raise cash. i'm getting the feeling that -- i'm getting the summer of 1987 feeling in the u.s. equity market. >> which means what? >> which means we're headed for a sharp fall. >> so, nowhere. you'd be in cash. >> i would be in cash or i would be short. >> and are you short or are you in cash or both? >> at my highest position, i've been this year. >> okay, doug, good to speak with you. >> thanks, guys. >> dire prediction. >> he didn't say he wants to run back into bonds and i'm going to speak for doug here, that's -- this is a scary place to necessarily be, you know, taking the other direction on a place where people think rates are going to go higher. coming up next, afterhours

action. we're tracking the latest developments from the yelp conference call. the online review company reporting its latest numbers. look at the stock. down billion 3%. yelp's ceo jeremy stoppelman will weigh in on earningings and more. he will join us for a first on cnbc interview. first, mcgraw-hill street fight with steve grasso and karen finerman. get in on this roughed up stock? we have some answers when we come right back. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars...

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business. that notion sparking a street fight topped. grasso is the bull. karen is our bear. you each have -- well, between you two, 90 seconds to make the case. grasso, you are first. >> you have to have an iron stomach to play this one. $42 level. you have to keep it tight stop. what you want to look at, when you follow levels, retracements are the key right here. so, you have to look at a three-day confirmation. so, if you look at that, it's been higher lows. watch the $42 level. you can dabble here, if it breaks to the down side, exit the trade. >> karen? >> you know, i'm so sad to have this position that i do on mcgraw-hill, which i really -- we owned it, i owned up until, yesterday and today we sold it and i feel like if you own the stock now, you have a great financial services company, you get a great bond rating business for the last few years, anyway, a soon to be sold education business, all of that is fantastic. however, you also are buying the

other side of enormous litigation where all of the politicians try to pile on to make their careers and make this target the tunnel of -- the target of all the visit tree y'all, all the anger over the financial crisis and you will see a bar rage of embarrassing discovery with no end in sight while they just use this as a political punching bag and who knows what the liability could be. i feel like we are in day three of macondo. >> it was the same thing you were about to say with bp. you have to look at the bounces along the way. >> we hit up a chart, i don't know if we have it, of macondo day three. they lost $90 billion of value. >> it didn't level off, though. once you start to see something like this stop the bleefding at a certain level, that's where you want to say, let me take a flyer, buy 10%, 15% of what i want to own in this position. you can't fall in love with it. if it breaks that $42 level,

that's where you must exit. right now, it's worst a flyer. >> technical buyer of the stock? >> fundamental buyer. because i think at 13 times earnings, this is not a bad company. it's probably $55, $60. but karen is nailing -- if this is russia, these guys go out of business. if the government wants you to be, to pay the price -- i don't think we're russia, and i do think these guys will overcome it, so, it's going to be choppy in the short run. i'm going to give it to steve. >> wow. this is karen's first defeat. >> look, i've been defeated already by this stock the last two days, so, i -- you know, i -- >> i'm sorry to pile on. >> no, no, that's okay. >> fedex rallying to fresh 52-week highs. this as the u.s. postal service will stop first class mail service on saturday, starting in august. mike khouw, how are the options traders trading fedex at this point? >> the option traders are making short-term bearish belts. the most active by the february

105 puts. these expire a week from friday. they were buying them at 85 cents on average. that means they are expecting the stock to be below in just over a week. >> all right. you can catch more options actions every friday at 5:00 on cnbc. coming up next, banking on the hottest trade in the world. and romming the dice on online gambling stocks. why one investor has a beef with one of gambling's biggest names. plus, we pace wagers on some winners. plus, jeremy stoppelman. his thoughts on the latest earnings numbers and the threat from facebook. much for "fast" straight ahead. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor...

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welcome back to "fast." a proxy fight is brewing on international game technologies. those were pushing for change at the company have levied claims of mismanagement and poor capital allocation. let's take a deeper dive into the story. jason ader is an igt shareholder. jason, great to have you with us. you have 3% stake in the company, correct? >> that's correct.

>> you think igt at this point is undervalued. what should it be worth, especially if the changes you want to enact are enacted? >> well, there's lots of opportunities right now in the gaming industry. my biggest concern has been that, you know, we own so much more stock than all of management and the board combined. and the stock has underperformed. they've made decisions that have yielded lower than expected returns for shareholders. and what's troubling to me is the fact that those making the decisions don't own that much of the company and that really ownership respepresented on tha board would be good for all shareholders. a limited amount of gaming industry expertise inside of management. and we'd like to change that. because we think it would benefit all shareholders. >> and your slate would have that gaming expertise, should that slate be elected. i want to go through a couple of your points. one would be bad acquisitions. on the surface, they seemed like good ones when they crossed the wires. the acquisition, for instance of double down, which would get

them into the online social network and game development. $500 million. but you point out the retention fee of $85 million which would be about a million dollars per employee. and that's your beef with that deal? >> well, double down is a couple things. one, you know, double down, when the company bought it just over a year ago on their conference call, they referenced zynga a comp, and they have fallen significantly in value. and if you just value double down at the multiple of zynga today, it's over $100 million in mark to market losses. in addition to that, there's very low barriers to entry. and the core business has much higher barriers to entry, therefore higher returns on capital for all the shareholders. lastly, customers are in this business, so, it's putting them in direct competition with their customers, like caesars. and that concerns me. karen, y

>> karen, you have a question? >> i do. have you gone to the firms and what's been the outcome of that? are they with you? >> we started that process and we'll know over the next couple of weeks. >> okay. and i actually want to get back to the original question, which is what is igt worth in your view, on a per share basis, what is it worth in your view? >> it's very undervalued. this was a stock that was trading almost $50 a few years ago. we've gone through a slowdown in the economy, the gaming companies are less healthy. but there's a big opportunity in replacement command. i think you could have a double or triple in the stock, if it was back on track, pursuing initiatives to grow value. >> we should note that we did contact international game technology for a statement. essentially what the company is saying, they want to proceed with their own growth strategy and that you have no plan. >> well, we filed a 40-page presentation today and we're happy to get into our plan in a lot of detail with any shareholders and talk about what exactly we would do to build

shareholder value. we own six times more share than all of management and the board combined. we want to see the stock price higher. >> grasso, a question? >> i do. but i want to go a little off igt. jason, if you should shed some light on las vegas, you refamiliar with the name. we heard so much talk about las vegas, turning itself into a -- getting read status. can you comment on that? is that a possibility? >> well, look, as a director of las vegas, i can't specifically comment on that company. happy to talk about igt. and i think there's a lot of opportunities in macau for all the operators there. specific to that company, my focus is how to build value at international game technology and build value for all the shareholders of that company. >> i tried. >> can i ask you one more igt question? you have the prior ceo and chairman on your slate. would he be looking to replace the current ceo? you can see how this would be an

untenable situation. >> well, steve wynn came out just a couple of days ago, the first time i've seen a customer of a company targeted by a dissident shareholder group support the dissident group. and i think one of the things about chuck matthewson is not only did he build a lot of shareholder value when he was leading the company, but the customers really respect him. he's not looking to lead the business. what we really want to do is work for existing management and the board and position this company to build long-term shareholder value in a friendly and constructive way. >> all right, and jason, last question here. because you are on the lvs board, so, i will try. in terms of extracting value, would it even be under consideration or has it ever been to divide up the company into three, as one person out there, jonathan litt said, a hotel and a shoching mall and then a pure play casino operator. >> sheldon adelson is on his way to new york, you should have him on the show tomorrow.

that's really more appropriate for their management team. >> i'll tell him you told me to call. jason, thank you for your time. all right, let's hit money in motion at this point and check out the currency trade. we are talking about the yen touching its lowest levels against the dollar since 2010. will the currency's plunge continue? let's get the trade with amelia bourdeau. usually in currency trading, the trend is your friend. what do you say? >> yes, it is and it is here. it's going to continue higher. japanese authorities a few weeks ago kind of gave a green light to investors by saying dollar yen at 100 wasn't that concerning. so, the market is going to take it there. only a matter of time. so, as you mentioned, melissa, we did trade earlier today, through 94, the figure and it's only a matter of time before we go back to the 2009 highs of 95, the figure. so, i'm looking to get in right here where we are trading, 93.50 level. i'm targeting 95.50 and i'm going to put a stop down at 92.45. i like it against the dollar here, even though long euro yen

is doing well, too, simply because we have a risk event tomorrow. >> amelia, good to see you. >> good to see you, too. >> coming up next, we are tracking afterhours action in yelp, the online review company. reporting earnings after the closing bell. joining us to discuss those numbers and much more, yelp's ceo, jeremy stoppelman. much for "fast" coming up next. i'm only in my 60's... i've got a nice long life ahead.

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welcome back to "fast money." watching green mountain getting crushed in the afterhours. the company beat on the bottom line. revenue growth of 16%, but then the outlook. gives a forecast of 14% to 18% revenue growth for the current quarter. the street wanted to see 20%. the company talking about slowing -- moderating overall growth in the overall coffee industry. the stock down 8% in the afterhours. melissa? back to you. >> thank you, josh. tim, would you get into green mountain at this point? >> it's not that far away. for a stock that had ridiculous valuations, 18 times, the stock isn't bad. $42.25 is interesting. this is obviously not something i would be trading right here and now.

but they do sound like they are being cautious. they sound like they are kind of reviewing their business strategies, which means, you maybe some of their best growth is behind them. but this chart isn't bad. short interest ratio is high. >> let's play the good, the bad and the ugly. >> let's do that. >> starring tonight, our very own guy. >> right on. >> guy was drilling home the name -- >> drilling? >> that we talk about often -- >> yeah, sure. >> actually -- yeah. >> yeah. >> oh, yeah. good. >> you know, we've been talking about this phillips 66 psx for awhile, i think it still goes higher. >> good call. it's up 12% since that call. >> we said when it was 40s, it might trade 66, i still think it's headed there. to me, there's no reason to pull the rip cord yet in psx. >> now, onto the bad. in december, guy gave advice on how to play goldman sachs into earnings. here's what he said. >> the trade has been with these guys around earnings is, you

either short them into earnings and look for the bounce, which has worked. but in this case, i think you stay with the long position into their january release and then you sell it. >> good trade at first but the stock moved up another 10% since goldman reported earnings, so -- if you sold, you missed the rally. >> yeah, you did. we had a nice call, long it into the earnings release. i did not think it was going to get to $150. very surprised by the move. it's been very strong. it's actually one of the better performing financials out there. something is going on. i can't say to buy it at $151, given what i think is going to happen to the market. >> that was your top trade today. >> the guy locked in profits. that's a weak bad. >> weak bad? >> at the end there, his ego is, you know, writing checks -- >> right on. little top line action. nice. >> just to be serious, i think the next level that it gets to is $173. still be long. >> nice. >> whoa! >> what? >> if you call the game -- you have to see it -- >> ugly.

please, ugly. >> bring the dog back. >> there -- what is that? oh, my god. >> you're really ugly. >> what's on my back? >> who is your buddy? >> what is that? >> it's yoda. >> i love the sound effects. coming up next, yelp's ceo jeremy stoppelman goes on the record. he will reveal how he is planning on staying one step ahead of google and facebook. it's a first on cnbc interview and it is up next. reamline thei? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account.

welcome back to "fast money." i am jon fortt with a news update on some partnership happening between yahoo! and google. now, yahoo! says it's contracted with google to show display ads on a few yahoo! properties. important not to read too much into this. this isn't premium inventory. this is some of the long tail inventory. google will be able to run ad words ads on that, show people, for instance, ads for things they might have been shopping for anyway. google is able to monetize that space better than most because they are the biggest in the category. so, yahoo!, looking to pick up a little more scratch. melissa? >> all right, jon fortt, thank you very much. and you actually flagged that

move in yahoo! -- >> my friends out there in the twitterverse did. this is a first date to me. we loved yahoo! on this desk for a long time now. i still think it's going higher. it traded up to $22 in the aftermarket. we never saw that during the day. i think that's where it's headed again. >> let's talk yelp. slumping afterhours as the company missed bottom line estimates. yelp's seen its shares rise 45% from its price of 15 buck as share. despite stronger than expected revenue, will the company be able to compete with yahoo!, google and facebook? yelp's ceo jeremy stoppelman just got off the earnings conference call. he joins us to break the earnings down. jeremy, great to see you again. >> nice to hear from you, how are you? >> certainly a lot has changed since we last talked on the heels of your ipo. a lot of analysts are calling the quarter strong. especially citing revenue and growth. i'm wondering for you, in terms of one of the most important areas of your business, that is mobile, can you give us some color on the traction you are getting there?

25% of local ads were shown on mobile devices. give us some color on what categories they're, in restaurants or what not. >> sure, yeah. as you said, about 25% of our ads are now showing on mobile. and really, it represents the same type of ads you see on the website. what we have is just more inventory. and on the mobile device, it can actually be location targeted. so, instead of you having to tell us your location, we actually know it, because of the gps on the phone. it's that great, creating highly targeted advertising. we are happy about the product. >> you had integration with apple maps. by that metric, we're going up directly against google maps. when you compare the metric versus google maps and yelp and the number of downloads and the usage of your apps, google far outpaces you. can you give under the circumstances some col-- can yos

how you see the improvement in apple ma'ams as a real boost to you? how much can that give me? >> we're very happy with our relationship with apple. it means great things to have those brands come together. and we continue to see really nice growth, really strong growth on mobile. it's been consistent. so, with the partnership, you know, it continues on its upward trend. and we're north of 9 million unique people using that app every single month, and so it's just been really strong traction. really strong engagement, too. very large parashun of cportion contributions are coming from mobile. 40% of our photos are coming from mobile. so it's just a great channel for us, both from a content standpoint and from a usage standpoint, just for people looking for local businesses on the go. we're able to serve them very targeted ads, which is a great thing for our advertising businesses. >> and i got to ask you about facebook's graph search, jeremy. the day that facebook announced

graph search, your stock, as you know, went down 6%. is this a direct threat to you? >> you know, every year, there's someone who enters the space and makes a big splash. captures a lot of media attention. but you know, the reason why that happens is because local is an enormous market. there's just so much money in local, so, it attracts a lot of competition. we've been going since 2004. we've been through one competitor after another. we've seen the media cycles and very comfortable -- >> the thing about the competitors now and you've been around for a long time, but these competitors have very deep pockets. you talk about facebook, google, these are formidable competitors. not just startups in silicon valley nipping at your heels. >> you're absolutely right. but we have the advantage of just being focused on one thing. so, the best people in your company only think about connecting people with great local businesses. that can't be said -- the same can't be said for facebook or google.

and we've been competing, actually, with google who has extremely deep pockets, for many, many years and we continue to see success. >> all right, jeremy, we have to leave it there. thank you for your time. great to see you. >> good to hear from you. >> jeremy stoppelman, the ceo of yelp. in terms of the competition, we should note that 61% of yelp's reviews are in two categories, restaurants and shopping. and no coincidence, google, that is where google is strong in when it comes to google maps. >> yeah, but i think in terms of the mobile aspect, yelp is made for mobile. this is exactly where these guys belong. to me, the question is really how they're going to continue to monetize some of these international markets and the new markets they're somewheente. this will give them growth that people think they can't find here. next hour on "mad money," cramer has an interview with hain's ceo. plus, jim spicing it up with one way to play the grocery aisle. it's all coming up top of the

hour. fist move when we come back. stay tuned. rst move when we com. stay tuned.