a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. will stocks make a comeback tomorrow? 30 seconds on the clock, our next guests will tell us what they're watching from. kevin cummins, brian evans, and eric wasson, kevin, you're up first.

>> investors can expect fairly healthy dose of economic reports tomorrow. we expect housing data to be very constructive. home prices are likely to show prices are at a 6 1/2-year high. new home sales are likely to show most of january's surge, new home sales is likely to be sustained into february. durable goods orders are expected to rebound and consumer confidence may take a little bit of a hit. >> okay. >> but rising home prices and improving labor market should lend important support to the consumer. >> all right. brian, you're next. 30 seconds on the clock. go for it. >> aside from the various economic reports coming out, earnings reports will be dominated by emerging market companies, and they've been doing poorly relative to global markets. so i'm expecting that trend to reverse due to their attractive valuations. and finally, i'll be watching the cyprus situation for fund flows that could bode well for the global markets. >> and he did it with 11 seconds left. eric, over to you. >> well, with case shiller coming out tomorrow, we're

looking for that number to be about .8%. we think that will enable housing to be the leader that it has been in the market. we're looking for 420,000 on a new home start. you might be aid and abet to take advantage of that with something like home depot. if you see that in a fundamental etf, like an fxd, you can take advantage of that. >> thank you all very much. >> very good. okay. we're here all week. don't forget to tip your wait staff. thanks for watching "closing bell," "fast money" starts right now. live to the nasdaq market site in new york city's time square, here's what "fast" is following tonight. one chart watcher is seeing trouble in the tea leaves. find out if the analyst who was early on best buy is sticking with the bullish call. and russian roulette, a special look at which countries could see an influx of russian rubles now that cyprus has a deal. let's get to the traders and ask what the top trade was today.

and i feel like -- i feel like i haven't walked on to the set of "fast," walked into the bear den tonight. a lot of you guys are feeling bearish. >> yeah, bear season's fully on as of today. i actually sold long in s&p, went short today, i'll use today's high in my stop. and as you look at what happened in europe, look at the european banking index, 7% move, up 2%, down 4%, it's a massive, massive move today in that sector. i think cyprus is going to have -- there's going to be contagion, we'll see tomorrow when they open the banks, but here you want to be short s&p. >> yeah, take a look at the move on the s&p 500 today in the u.s., and it wasn't -- that was your point earlier today. you take a look at deutsche bank and saw really steep declines which may be more trouble ahead. >> i take the other side with brian, i think the whole cyprus thing. sorry about that, brian. but i think the cyprus thing could be a good thing. what's the most important thing is bernanke going to continue to

buy, and that whole cyprus thing, he's going to keep easing a little bit. it's a positive thing. we've got passover, easter. >> you're saying bad news out of cyprus is good news because he'll keep the qe coming? >> do i want to own u.s. equity stocks? yes, i do. and now that the headline news is over, european stocks -- >> listen. >> we're 1% off the high. let's be -- let's put it into context. >> yeah. that's why it's a great place to get short because i only have a 1% risk. >> well, why don't you raise a little bit of cash, buy some of the quality stocks. >> why not? and i would say, bernanke may keep buying, but unless bernanke starts buying oracle servers, unless he starts going from fedex and unless he starts buying -- >> come on. you're exaggerating. easy money will enable companies to buy the tractors, to buy the service. >> a long time now. why would they buy the extra tractor with the easy money today? >> well, you're talking about caterpill

caterpillar. talking about u.s. stocks and bernanke is doing what he's telling the consumer to go out and buy and spend money. that's why the markets are hitting a new high. >> where do you go here, pete? do you agree with beakers or simon? >> i continue to hear the stuff about the bears, i'm going with my european friend, and when you look at what's going on. look at the volatility index, it's signaling nothing but fear to the downside. if we start to see it getting close to that 200 day which is up around 16 around the volatility index, then i might be concerned. it's basically holding like glue to the 50-day moving average. there are no signs people are panicked. still at 1,550 on the s&p. i still like what's going on in the refiners. they continue to hit new highs. i think that trend continues. look at a stock like psx, phillips 66, another name that hit a 52-week high. when you look at where they're getting their oil, out of the bakken, shipped over, actually, it's been trained over by rail for $5. but you've got an edge of $15 to

$20, that's why these guys are making money, they're making money hand over fist, i think that continues. >> you're in the camp of bk, right? >> i like when you say camp. i'm in my own camp. at one point, i was a voracious reader. i read moby dick. >> i'm sure you have. >> big, long book. >> depending on the font size, but yes. >> 650 pages, there are only a few pages that are relevant. so you bookmark those pages. today was one of those days where i'm bookmarking today. >> oh. >> now, i'm not all crazy bearish yet, but we talked about this a week or so ago. you can have a day where it rallies early, reverses, closes down, that might be the start of something. a close below 1,535 this week. that's a ways or so. that sets up the world in a much different place than we've been.

that's the level you need to look at. yahoo almost printed 24, closed up on a tepid to lousy tape. yahoo to me still works. >> all right. let's answer the question that i'm sure all of you out there are asking tonight. and that is today's move lower? joining us now with hopefully some answers here. and barry, you do see a pretty sharp correction coming in the next few months. >> that's right. i don't think this market is driven by economic fundamentals or earnings, i think it's driven more by sentiment. the examples i would cite, look at the earnings we saw last week, caterpillar, oracle, fedex. when we see earnings, the stocks decline. so sentiment is driving the market higher, coming in earnings season. i think we could see correction. >> how far do we fall and by when? >> i think the normal selloff starts in the april/may time

frame that could start a little pit earlier this year. we've already seen that with individual stocks. if you take about a 10% correction, i think somewhere below the 1,400 level on the s&p 500 is a reasonable target to get around summer, come back in the fall and buy equities then. >> it's brian kelly, i know your call's a longer term, but as a tangent to that, what do you think about today? the reversal day on the technical side? does that say to you setting up for that correction starting now? >> yeah, and remember at this level, a cnbc has been running all day, we've very close to the 2007 highs on the s&p 500. maybe we touch those, kiss those levels, but those are key resistance levels. i don't think we rally much beyond that. this is about the high in the market. the catalyst already is earnings and as earnings season accelerat accelerates, i think the decline

in the market will accelerate. >> this is simon, i respect your opinion, but you must be looking at a different set of economic data. the jobless numbers were coming down, employment numbers, ppi numbers looked good last week. you cited two companies last week, both of those companies specific. they missed the earnings on oracle and also on fedex. i hear what you're saying, in the land i'm living in, economic data looks pretty good. >> no, because the only reason unemployment rate has been coming down is so many workers have left the workforce. if you had held the workforce constant since the beginning of the recession, we debated a 10.8% unemployment rate. so when the real workers still starving for a job, for income, and those one offs we talked about, as you get more and more one offs, yes, they've been described as one offs, but as you get a series of one offs, they won't be one offs anymore. they'll start to be a trend and i think that's what's going to drive the market lower. >> hey, barry, on top of what my friend simon is talking about

over here when he's talking about the data that's coming out that seems more positive. why are we not seeing the sentiment that you're talking about that turn sentiment at least starting right now? not reflected right now in the volatility index where people are putting good, hard money to work in the s&p 500. >> the sentiment is bullish. and you can have a stock rally for 89 days in a quarter, but once you get to that 90th day when earnings come about and if those earnings are negative, earnings always overpower sentiment. i think that's the area we're coming up to. on the vix, i love the vix. i want to use some of the etfs out there to expose myself to the vix. the vix will be bought at this level. >> thanks for your time. let's hit pops and drops now, the big movers of the session. dollar general up 2%. >> this stock was a monster, but it topped out in july. we made a 52-week low in january. this move we saw today was a 50% correction of that range.

the quarter was good, but on the revenues, they missed comps weren't great. if you caught this move over the last couple of weeks, i think it might be time to take profits. >> drop down 4%, beakers? >> this is one of the european banks i was talking about top of the show. big reversal. when you talk about what's going to happen in the eurozone, you have to worry about countries that are on the edge of getting a bailout, you have to worry the deposits from there. >> a drop for ebay down 3%. simon. >> yeah, ebay, mostly symbolic. a symbolic measure on friday to put sales tax on the internet stocks across the border. no real news on it, i'd be buying it all night long. >> pop for visa, the move 2%. pete? >> an impressive company that continues to work and we've been talking about this actually for years the fact that people are moving from cash to plastic. when you look at the earnings growth, the revenue growth, the expansion as far as the operating margins, this is a company that's working to perfection right now.

i think visa and mastercard go to the upside. >> and a pop here for pandas. a fedex plane known as the panda express delivered two giant polar bears today. they received a colorful greeting by canada's prime minister and a delegation of veterinarians and zoo keepers. officials hope the romantic five-year get away will lead to panda babies in the toronto zoo. says the pair could spawn an extra 300,000 visitors a year. >> they were on a plane together? >> together. >> did -- >> mile high club? >> they left them alone. >> you never know. some warm nuts in first class, you don't know where that's going to lead do you? >> won't touch that. >> coming up next. >> oh, i just got -- let's move on. why the bailout deal for cyprus may not be such good news after all. top strategist reveals -- he was more worried about the eurozone than ever before. stick around to find out if you

stay the course and where the stock's headed next. i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums.

tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5411. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪

welcome back to "fast money." i'm josh lipton. dell enjoying a day in the green. blackstone and carl icahn made competing offers to buy out dell at valuations above the deal that the company reached with michael dell and silver lake last month. by the way, dell options trading volume rising to twice the daily average. about two calls traded for every put. melissa, back to you. >> thank you very much, josh. dell traded higher today, oracle down by more than 12% since the company missed on earnings last week. as a key player in the dell bid. guy, i know oracle's a stock you follow closely, i would think that maybe mark hurd doesn't bring the premium he would've brought six months ago. >> i don't think there's any way, a, it's happening or, b, he would allow it to happen even if they pursued him. you can't leave hewlett-packard and watch what happens to that company and then leave oracle to

go somewhere else. it doesn't make a lot of sense to me. i think it's sort of punditry, people making up stories. i don't believe it. and again, that was as bad of a quarter i've seen them put up in a while. december 2011 bad, and jim cramer on your show in the morning talks about it should be trading 29, and with the close we had today, it feels as though that's where it wants to get down to. >> would you be a buyer of oracle? >> i would. sales productivity was the issue. moving to the strongest quarter. i think you can buy it cheap right now. >> i'm glad you brought up december 2011, that was the last time they missed this magnitude. but they also managed to recover quite nicely as a lot of analysts would point out. >> the company did recover, but the stock was sort of squishy. >> yeah. >> i think they will recover, i don't know if the stock will recover over the next couple of weeks. >> i want to get back to dell in terms of the options. the call activity was twice the put activity. are you in on that? >> always be careful about volumes. when you take a look at the

volumes in dell, you look at the 15 strikes, there was nothing that exceeded the previous open interests. and for the most part, most of them are unchanged on the day despite the fact the stock's going up. people who bought the stock and sold the upside calls are now trying to get those back and trying to get them back cheap. they're not expecting, necessarily, the stock to go much over 15. >> two questions for you, b.k., before we move on. one, would you be a buyer of dell without the takeout bid? >> no. >> would you be a buyer with the takeout bid? >> yeah, i think in this environment, actually, it could. >> with the three potential proposals on the table? >> yeah, absolutely. and that's because generally i'm bearish on the market. >> i would have never guessed that. >> let's call it 14. my risk/reward's not bad. i don't have to worry. it's not going to trade with the market. i don't have to worry the market being down 2% and dell going to be down. >> there's 1.75 billion shares outstanding, you're talking

about 20 cents, 30 cents, talking about huge sums of money on this bid that's going higher. i don't think it happens. >> let's move on to the next trade here, s&p 500 wiped away earlier gains. less than a point away amid concerns that cyprus' bank restructuring will pave the way for losses. for more impacts on the cyprus deal, we're joined by the global head of g10 strategy at citigroup. it seems that the whole problem arose, the problem today in terms of trading when the dutch finance minister gave an interview and indicated the cyprus deal could be a template, his word, for future bailouts and then sort of backed away from it later on. what do you think is the real deal here? what do you think his real intent is? >> well, to be clear, it started earlier when a cyprus politician said there was still a euro opt out possibility which got the market going and the dutch comments just exacerbated it. i think that from a market viewpoint, what investors probably believe dutch finance

minister quote one, and dutch finance minister, quote, two, and it's hard to reel that back. there was this kind of air about it kind of saying we've done what we wanted to do. and which is very different. european bank stocks were lower today than they were last week. and the euro was lower -- >> right below the 200 day, actually. >> where was the ecb in all of this? has anything fundamentally changed? clearly sort of led by merkel. we're all sort of saying, listen, don't worry about europe, going to do anything to make sure the members don't leave. has anything fundamentally changed with that? >> i think he's very committed to doing this and it's likely they're going to ease monetary policy to show that it's not just the europe that can inflict pain but it's also a europe that however unconvincingly wants to support growth. but i think that not just today's comments but the comments last week sort of

talking about the positive insurance being only as good as the sovereign behind it. ecb can offset a lot of stuff, but it can't offset this kind of political dimension. and just to be clear, if we go back to july of last year when we had the draghi speech, an important component was german government support overruling the bank and supporting the ecb. and now if they're taking a tough line, there's ambiguity there. >> so there still may be worse things happening in the eurozone. so in terms of the trade or a trade, where do you see the euro going? after it's broken the 200-day moving average went to levels we didn't see last week, even when there was so much uncertainty surrounding cyprus, is there a floor here for the euro? >> i don't think it's going to go that much lower. it's already taken a lot of pain. and the outcome was terrible for cyprus people, bank investors, for the rest of europe it's

really not that important. but what i do think it does is make europe and euro much more susceptible to any kind of negative shock. if you're an investor in anything but a prime institution, the first thing you're going to think about is get my money out. and if you're a policy maker, the first thing you're going to ask is when should the gates get shut? >> right. steve, thanks for coming by. appreciate it. steve englander from citigroup. there's a lot of speculation. if you are a billionaire in europe and had a lot of money parked in cyprus and maybe cyprus or the euro zone not a smart place to park extra money. maybe that money would come here to the united states or be put in u.s. equities. >> channel, come on, work with me. >> channel? i mean, logically that makes a lot of sense, right? somehow it would find its way in the united states or u.s. equities of some form. i'm not convinced that's exactly what's going to happen. but we'll see. i think to his point, if cyprus is a template for the rest of europe, then that's a little

scary. i understand that cyprus is not a big deal. someone mentioned this morning a cyprus is created every month or so in china. so i understand the size of cyprus is not a big deal, but maybe this is a template or this is sort of a precursor to things that makes it rather interesting, i think. >> still to come on "fast," much more on cyprus including how russian dollars could turn the pain into gains for other nations to this point heren o the desk. plus, round two of "fast money" madness continues. big bank powers going head to head in tonight's match-up. who will come up on top. but first, he's what called the turn around in best buy shares when nobody else would. and tonight he's pounding the table once again. what has got him fired up this time around. that's right after this break. acceler-rental.

at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz.

a lot of big calls coming out today, the street was very busy. first up, apple added to the most preferred list over at ubs, hall of famer in the analyst community noting several near term catalysts that could help support growth in 2014. he made that call, i think it was towards the top of where apple is trading when he highlighted declining revenue growth, margin compression, et cetera, et cetera, now he's out here saying catalysts are lower in phone, it could be buyback. >> which makes you want -- you need to listen to this in this stock. there are some catalysts out there. apple has been one of those stocks that trades on the upgrade cycle or the refresh cycle. there's some chatter they'll have that coming up in the next few months, as well. i'd be a little careful plowing into it here.

but if you get new investors into this, it could be supported, i'd say above the 450 level. >> you need the value investor guys to come in. >> dividend, value guys, not a rocket ship like it was in the past, but it should be okay. >> next up, goldman sachs downgrades blackberry to a neutral citing disappointing sales of the new z-10 phone last week. and it's interesting, pete, i feel that the z-10 has been on store shelves for ten seconds and they're saying the channel checks are indicating disappointing sales. >> and it's an interesting call when goldman sachs comes in and talks about this because at&t is clearly not necessarily behind this. if you look to thursday and see how this launch goes with verizon, that's going to be your better tell right now. goldman sachs definitely in front of it. they were on it in november when they upgraded this to the conviction buy list. this stock's made a huge run since then. smart timing to get out, maybe use this as the opportunity to get out. i think on the pullback, there's a reason to maybe want to own this stock going into thursday. >> what kind of pullback are we talking? >> anything close to where it was a month ago, which is just below 14, i think it's a buy.

i added some options today in the stock. >> all right. finally piper jaffray downgrades whole foods on a decelerating same store sales trends. >> i think they used this bounce that we've seen from the 83, 83 1/2 up to recent levels. stock had a nice bounce to get their downgrade in. they're playing a little bit of stock market here. yes, the quarter in february was lousy, the stock took a major bath, but you also had a monster volume day on valentine's day. i think it's sort of interesting with the valuation. 25 times forward earnings. it's rich, but if the tape does behave itself, this is one of those stocks that will get the mojo back. >> are you a buyer? >> if you look warren buffett's type of investing, you'll love this. great leadership, great brand name, history of creating shareholder value, i'll be buying on the dips. >> shares of best buy popping on the news that richard schultz is rejoining the company. our next guest has been pounding the table on best buy for a year. joining us on the fast line.

david, gra et to have you with us. >> thank you. >> it's funny because we were talking on the morning show when i'm on with this pop and you sent me an e-mail and said, hey, i've been right on this early on and you mocked me for it. so here we are -- we've got you back on at this point. in terms of where the stock has moved this year because it has been a tremendous move this year, what are the other levers that management can now pull in order to continue this trajectory the stock is on? >> right, i think it's moved on three reasons. number one, people are getting very comfortable with the new management team. number two, some really significant cost cuts have really helped. and number three, it's not going out of business trade, which last year, i think a lot of people thought this thing didn't have a long life ahead of it. things coming up, i think when people start to understand the remerchandising they're capable of inside the store, when they realize that the opportunity, the relationship with vendors and the opportunity to reinvent the supply chain here can be

really significant to earnings. those two things. and then, you know, just the third one is anything that goes right from the product standpoint, product cycle standpoint can drive this stock. i don't even -- i don't even temp to have that in the model at this point. >> he pointed out that 1 billion visitors visit the best buy site every year, but the conversion rate is lower, it seems to me if they were able to tweak that a little bit higher, that could actually be substantial when it comes to sales. are they dedicated to addressing this? >> oh, i mean, sharon, the cfo, former cfo and coo of williams sonoma which is one of the best online retailers there is has been, you know, telling investors, you know, that they haven't done it right for so long here that, you know, she can talk with exasperation about how they don't even do follow-on e-mails when you buy something

and you forget to buy something. the first thing you get an e-mail, you need to buy this cable, you need to do that. there's so many opportunities online. the reward zone program hasn't been done well, hasn't been done right. i mean, that's a huge opportunity, you know, kind of their frequent buyer type program. a lot of opportunities online. and i think the price match guarantee which they've recently instituted gave people confidence they're not losing out on price. >> if they clean up their act in terms of customer service and get their stores in better condition than they're in, currently trades maybe 9 1/2 times, ten times foreign earnings, what's the right multiple assuming they get it right? >> well, i would say two things, number one, also trades a tad over three times ebitda multiple. and i think a mature company like that, ebitda could be a better indicator. i think it can get, you know, north of ten times on the earnings side. that's also on a $2.30 number, which is a depressed number because of all of the spending

going on this year. i can put out a scenario -- i have modeled scenarios where they can get to $4 or $5 of earnings and it's not using anything dramatic to get there once they get through this early spending. so you can talk about even ten, 11 times earnings, you can start to get $40 stock. on the ebitda side and you start saying, wow, that's the right multiple, look at a five to six times ebitda, the numbers get astronomical. >> thanks for joining us. david strasser on best buy. let's get a read on how option traders are playing the best story. hey, scott. >> hi, melissa. well, one thing that struck me about what david said, he didn't even mention the fact that richard schultz returning drives a stake through the heart of any potential deal for best buy. while the stock was up nearly 2%, some of that was barclay's reiterating the overweight. and a lot of option traders use the jump today to buy some puts. and we saw that three puts traded for every two calls, but the biggest trade was really

interesting. it was a buyer of 6,000 of the june 15 puts. they traded 30 cents for those, meaning their break even is 1,470, they expect best buy well below that. and i'm not sure how all of this is good news, particularly the fact that a deal is now dead for a stock at $23, but was below $12 not that long ago. >> all right. pete, how do you play the best buy story? what are your thoughts? >> well, you know, when you're looking at the way this has moved to the upside, i would expect to see some sort of pullback. i don't know necessarily the pullback is as dramatic as the june 15 put buying, only because that's some covering. some folks that had sold those puts at much higher levels now with the stock appreciation, they're buying back some of those puts at a 30-cent value, not expecting it to drop that far. at the same time, you would see this stock pull back and there's better opportunities. >> our thanks, of course, to scott nations. meantime, coming up, robert frank joins us with a very special report. he's on his way down here to the nasdaq. >> hey, melissa.

well, more than $12 billion leaves russia every year. a lot of it was going to cyprus. now it's going to three other tiny countries. we'll tell you which ones coming up next. one of them featured in the greatest movie of all time. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade.

welcome back to "fast money," we are live at the nasdaq market site in new york city's time square. will cyprus' loss be another country's gain? diving deeper into the fate of russian wealth forcing to look outside this former tax haven. i don't know if other tax havens are lining up for this business now. >> they certainly are. there are a lot of planes carrying bankers into cyprus right now, not just for the bailout, but all the money they're going to get. it may be negative for stocks, but cyprus is a big opportunity for countries looking for those russian rubles. a favorite for the offshore rich for decades between $10 billion and $20 billion of deposits were from russia. the question now is where will it go? according to global financial integrity, there are three countries now in the lead for all that cash. latvia is emerging as the top choice.

very secretive, privacy's protected. it's easy to create shell companies there, and it's applying to become part of the euro zone. another contender, malta as in the maltese falcon. israel is another big destination along with more traditional places like switzerland and singapore. but it's the smaller more secret havens that are going to be the big winners. and as i said, more than $12 billion leaves russia each year so cyprus' loss may be a big gain for latvia. >> it's funny that you mentioned that latvia is applying to be part of the eurozone. i would think that would be a negative in terms of the sales pitch. >> yeah, you would think, the euro will be an easier currency to use, but yes, no longer the draw that it once was. no longer the protection. but these are tiny still out of the way places that have some connection to the larger euro area. i think that's the appeal. >> are there high interest rates on these accounts? because that was one of cyprus'

draw, correct, that they've had very high rates on deposits. >> the big draw was it had been a haven for russians for decades. even in the 1970s, it was big. it's very sort of dark shadows, you can create accounts, create shell companies without much oversight. and it was a tax shelter. so that's much more important than the sort of interest rate return that you might get. and these places just don't have strong banking authorities, that's the most important thing. >> hey, rich, do you think any of these really lost any money? there were stories of jets pulling up all week last week. it's all a little cozy relationship with russia, but do you think they lost any money? >> that's a great question. look, we all knew, or people who watched cyprus knew they had a long-term issue here. and there were reports of private jets coming in. but there was still a lot of russian cash that was in cyprus, you know, at the time of the blowout. so i think a lot of russians did take their money out, i think that's one reason we're seeing

russians buy so much real estate in the united states. some of that money whether it was going to $88 million apartments in new york, i think some of that money came out of cyprus and people took it out in time. >> the russians are mad, right? they're pretty mad about the whole situation. take a look at what the p.m., dmitry medvedev said, he said the stealing of the stolen is continuing. >> and this is something you need to watch over the next couple of days. one, this bailout needs to be passed by the parliament. >> right. >> you need to watch russia's moves here. had a great article today, talking about how russia might be playing poker here, looking to pick up assets on the cheap and they would be, and the reason why they're not saying anything now is let the vote fail, let cyprus have a huge problem, exit the euro zone and they can get some assets on the cheap. watch that over the next couple of days. but for me, the trade, which everybody wants to know about is i think you go into gold here. if i'm a russian billionaire, i

don't want to go into any country anymore that i could lose 40% of my deposit. >> keep it in your backyard? >> exactly. absolutely. i want to build a vault in my backyard and put bullion in it. and i think that helps gold. you saw that today, gold and the euro traded together. in other words, the dollar traded up and gold trade up, that correlation could be breaking here. if that happens, you have a big upside. >> as long as your backyard is in the united states and not in russia, i think you're good. but you don't want it in your backyard and russia because they could take it at any minute. >> clearly. that's a good point. >> excellent point, but you're talking about people with tremendous amount of resources with planes, boats. >> militia. >> that could have cars that are made of gold in the living room. i don't know. >> all right. roberts, always good to see you. >> thanks. sometimes it's tough to buy losers and sell the winners. let's play hold 'em or fold 'em. johnson & johnson at a new record high, value investors

flocking to the country's strong balance sheet and healthy dividends. hold them or fold them? >> hitting a new high 1% yield. guy will be happy, they're coming out with new drugs, competing with botox. they've got another drug coming out that's going to compete in diabetes too. and there's been a rotation into the defensive stocks in the markets. high quality blue chip, hold on to it. >> next up, verizon at an 11-year high. the list of mega cap stocks valued on price to forward earnings ratio. pete, what do you do? hold them or fold them? >> certainly i'd say hold them right off the bat. but look at the operating margins. that continues to expand -- >> look at you. >> yeah, look at the revenue, thatn't continues to grow. getting 4% yield on this stock. i think that's why you can hold this stock. i'd add to it at this point. >> add to it at 11-year high. next up, costco trading near an all-tie high, shares up 75% in

the last three years. guy? >> i'm coming right at you. hold 'em. >> hold 'em. >> love it. >> i think i was the voiceover. it's a great story, benign tape it does well, great tape it does well. it's a slow and steady wins the race and i think costco continues to win here, folks. >> where else can you buy a tray of ribeyes? >> excuse me? >> costco. >> there's a great place if you want to go. you asked. >> could you get 46 of them at once? >> many italian guys, the butchers are the best. old school stuff. >> sure. sure. >> you're getting mad at me now, but you asked me the question, i'm answering the question. you wanted me to say costco's the only place. no. there are italian delis. >> anyway, agreed. he's the expert here. coming up next on "mad money," cramer's got a speck play. that is yahoo and amazon.

a slick situation for refiners, which one stands above the rest. your game plan for next week coming up top of the hour. coming up next, it's the return of "fast money" madness. find out who will prevail and get in on the game by tweeting us using #madmoneymadness. [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪

a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say?

♪

we continue the second round of "fast money" madness. we started with 64 stocks from four regions and the competition is getting even tougher as one stock will be named the best in the land. we rounded up our traders votes and your votes earlier today to determine what names would be moving on in our industrial region. here are the results. in a big upset, number nine seed transocean ousting number one seed utex, united technology. general electric, deere, and honeywell also advancing. there were tough match-ups in the financials region today. and that was settled offline earlier. bank of america beat out blackrock. number six seed wells fargo succumbed to visa. and tonight we settle the score between morgan stanley and

number four seed jpmorgan. let's go to the traders for this one. amex versus jpm. >> i'm going to give you jpm. i think if europe is an issue, i think both get hurt, i think morgan stanley will get hurt more. we've seen it before. i think the stock with more upside right here given what's happened with all of them, i think it's jpm. and a nail-biter jpmorgan. >> all right. simon? >> yeah, i'll take the other -- i think morgan stanley gets punished unfairly because of the european thing which is why it's trading discount to fair value. i'd go with morgan stanley. >> split here on this side. >> yeah, i'm going to go with morgan stanley on this one. i do like morgan stanley a little bit loafer, probably closer to 20. but i think inner jpmorgan, there's a nontrivial risk that jamie dimon is not there. >> oh, come on, really? >> i don't know. >> that's cold. >> there's a doj inquiry now.

>> investigation. >> there's a lot of stuff. >> way to start a rumor. >> my thoughts, no rumor. bk's personal thoughts. >> all right. pete? >> you know, i think it is going to be a nail biter to the point of the guys, but when you look at morgan stanley and the smith barney portion of it and look at the book value versus where it's presently trading, i think jpmorgan's got upside but not as much upside as morgan stanley. >> this is a relative call here. on the desk, morgan stanley wins the vote. but based on our twitter votes, jpmorgan is the winner. it doesn't matter. morgan stanley advances to the next round. >> there we go. >> because the audience only counts as one. even though they're -- >> are we going to go through this for the next two weeks? >> apparently not. i'll keep my mouth shut now. one-word answers from me rest of the show. >> all right. our second comes in the financials region. this time is number seven seed

city versus number two seed goldman sachs. and once again, we kick it off with the traders. >> citi. >> no, i like -- listen -- >> it didn't last. >> since the nonsense of '08/'09 has happened, obviously citi moved sideways and it's floundering in terms of where it's been historically. in terms of upside, you know, there are people out there that think citi can earn $8, $9, $10 a share. if you slap an eight, nine multiple, you can see where the stock can go. i love the people at goldman. i think the more upside again, back to my jpmorgan thing is with citi right now. >> simon? >> you see with guy, i think this whole fiasco going on in cyprus, the global banks will start doing well. citi continues to increase the dividend, housing market looks good. citi because i like you. >> beakers? >> yeah, i'll put it in the category, it's so bad, it's good. you've got to go with citi on this one. they don't have to make too many moves to improve the lot.

citigroup. >> pete? >> citi. >> three on the day. >> i don't think it's close. i think they absolutely could crush morgan stanley to the upside at these two levels presently. i think citi can get up to the $45, $60 number, and i do believe the earnings per share and i think this thing trades at a very -- >> this is a match-up between citi and goldman. >> i think goldman is just -- i think it's fair value right now. >> so sweep here on the desk for citi. and based on your twitter votes, goldman sachs is the one you chose. sorry, viewers, citi advances to the next bracket. >> i had no idea. >> that's how it works. >> each trader is equal -- >> somebody told me that. >> i didn't hear that at all. >> we're like a country. we're like a blog. >> to see a bracket of all of the stocks in place in our "fast money" competition, log on to fastmoney@cnbc.com or tweet us @cnbc.

there'll never be any ties because you are the -- >> how many votes? >> equal to each of our traders here on the desk. somebody told me that. >> somebody. i heard that some place. >> all right. you've got questions or traders have got lots of answers, coming up next, we'll hit the twitter, the old twitter to get to some of your tweets. stay tuned. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ from td ameritrade. a brand new start.

your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz.

♪ welcome back to "fast," live at time square. you tweeted, we traded. let's get to some of your tweets. pete, this is for you. still like nokia? >> you know, i like nokia. this stock made a monster run when you look back from december until mid january. went from $3 up towards $4.70. so far the options are not performing. i think it will find support near that 3.10 level. hopefully the options can perform before the end of the month. >> holly frontier, pulled back from highs, buy down here, refiners, are they still in a sweet spot? >> you know, i think the

refiners in general have more to go on the downside. they are in a sweet spot, certainly making money, but what concerns me is what has driven gasoline up are the ethanol credits up $1, now down to 67 cents on less demand for gasoline. so that makes me concerned about the refiners. wait until about 48, we'll take a peek at it again. >> all right. simon. have been long walgreen's most of the year, it's done well, but it's been expensive. >> well, it's getting expensive for a reason, it's good and going to go higher. just reported a strong quarter earnings again. pays a 2.4% yield. in this type of market, you want to own a type of walgreen's. low beta stock, high quality. >> and this one's for guy. is bristol-myers a short? >> the stock's been on fire. you look at bristol, 3.5% dividend, whatever it is, but the valuation 19 times, you look at a merck, for example, or pfizer on the other end, trades at a much more reasonable

valuation. the market's pricing in something i don't see right now. i love the names. if you take profits, it's not a bad idea, i wouldn't short it, though. >> don't short it. pete, i'm curious what the options activity has been for some of these pharma names. >> they have been really strong, though. >> strong, yes. >> very bullish, but we have not seen as much recently. but bristol-myers is a name, by the way, bought it under $40, within the last week and a half or so, i believe in the upside and i think the stock can build into the multiple that guy referred to. >> we've got your first move tomorrow when we come back. [ male announcer ] every famous curve

has an equally thrilling, lesser-known counterpart. conquer them with the exhilarating is 250. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. during the command performance and you wouldn't have it any other way.e. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right.