set the tone for tomorrow. today's market dow jones with a gain of 63 points. nasdaq picked up three points. and the s&p with a gain of five and a half. i'll see you tomorrow. "fast money" begins right now. >> live from the nasdaq markets site in new york's times square. make or break moment. will bank news be the key to the rally? wii taking position. prescription for profits. they continue to deliver healthy returns. we have a top analysts with her favorite picks in both sectors. and category killer, amazon, the show-me story, investors bet that jeff will deliver on a high

multiple. our options experts will take us through this one in a "fast money" street fight. a record setting day in today's section. let's trade all the action. let's get straight to our top trades for the day. >> hi. >> netflix, we talked about it a week and a half ago, said trade down at 160. and here we are today, 173. in the post market, i have it higher. so technically it's done everything right. netflix, i think, still working. >> it was almost snubbing his nose at the sec in terms of the disclosures on social media, he disclosed that four billion hours of video were streamed in the past few months alone.

did you see any action prior to this? did i not, but kudos to reed and the team at netflix. it's a great alternative to people who want to pull the plug on cable. they can stick with those programs, but they can jump off some of the higher priced offerings for, what, nine a month, you can be on netflix and you get a lot more choice. >> this may be proof this original content strategy which they were paying a lot of money for, is translating into people tuning in because they had the house of cards release and that's helped with those numbers. >> it's working out for them and i think again, it's a stock people have been liking to play. there's been a lot of short interest, one of the reason why the stock makes moves when he talks. >> karen, top trade? >> old-school, microsoft and

walmart. >> really, why? >> microsoft, we got lucky because the last couple days were fantastic for microsoft. then the numbers last night, the pc numbers were so bad, and i just thought, you know what, it's going to be a while before that sentiment changes. had a nice run. sayonara. >> we'll get more on those later in the show. your top today? >> we've been surprised the data out of the china is not getting a better response. the loan data was very good. people's bank of china can continue to stimulate. emerging has about another month to go. second half earnings in emerging, we're expecting 10 to 12% growth, not what you're getting out of the s&p. jpmorgan was on the market today, saying buy emerging. we are there all day long. added to some core positions and some materials which to me look oversold. >> your top trade?

>> walter investment, a lot of loan processing, a lot of title companies. what does that tell me? it tells me wells fargo and bank of america are going to hit it hard. but this one, it opened at 34 bucks, ran to 38.50. you take a look at other guys in the group. lender processing, lps, similar kind of -- all of these open nearly unchanged. then big activity in both stock and in the case where they had options, options of these, and they ran. clearly one of the outperforming groups today. >> when it comes to tech, pcs are the walking dead. research saying shipments this quarter posted their steepest single quarter decline ever. yesterday we talked about the downgrade of microsoft to a hold. listen. >> that windows 7 enterprise refresh is starting to get old. we don't have good traction in tablets or smart phones. >> i had to sell some microsoft.

>> today we got downgrades, sending the stock down about 5%. >> with numbers this bad, sometimes you have to get out of office to ponder what happens next, the question is, how bad can this get? overall the global sales of pcs were down 13.9%. the interesting thing here, down 12.7% in the u.s. asia also down 12.7%. that was a big of a shocker here. take a look at hp stock, down quite a bit. unit sales down 23% year over year, though they still managed to hold on to their number one position. lenovo gained share in the u.s. in terms of units sold. they lost ground in asia though.

ibc's numbers showed apple down 7.5% from a year ago. gartner's numbers show them up 7.5%. maybe some questions of the imac. we'll have to see their actually numbers to see what's going on. but how much of this is the replacement cycle for pcs being pushed out and, how much of this is tablets and smart phones moving in on this territory? we'll see just how much consumers are buying instead of pcs. >> is there any sense consumers are holding back on buying pc's waiting for the ultra books with longer-lasting batteries? >> i'm not buying that line anymore. i think part of it does have to do with price points. we weren't seeing touch laptops, touch pcs, at that $500 price point, where consumers feel it's

a sweet spot. even if they get the price down to that point, given this 14% drop, you wonder how much demand comes back. >> thanks so much. john joining us from a beautiful location. >> he talked about what's going on in asia. per emergingmarkets, which is a place where people might be surprised you're seeing slowing in the pc sales, but the first device for a lot of people could a tablet or smart phone. emerging markets always does this. because they're far behind. a lot of people never had a land line and went straight to cellphone. it's why emerging markets markets won't be the answer. >> it's also capacity. same thing that boeing and airbus jammed them up with too much capacity. then they had to take if out of the system which doesn't happen overnight. most people use far less of that pc than they use of their brain -- >> except for you. >> except for me -- and tim.

but if you're only using 10% of that computing power, why would you need the upgrade and the refresh and all the rest of it? do you really need a terra bite or two terra bites of memory and all the rest? most of us don't. that's why they're not selling, bottom line. >> we didn't know a lot of about intel on tuesday when they report. the market sold off today in intel. you got to believe the quarter's going to be lousy. we'll see if they've caught up on the mobile front. this stock has underperformed now for 18 months give or take. >> earnings will be key for this sector because if you look at insider selling and what's going on specifically in the technology sector, it is staggering. the highest on record -- 31,109 shares sold for every share bought across to the newsletter cross currents. microsoft was way off the charts. very high selling of microsoft

selling. compared to oracle. kind of glad maybe you got out of microsoft entirely. >> although for me, insider buying i think is more telling than insider selling. >> why is that? >> because you only buy for one reason. you think it's going up. you may sell for a lot of different reasons, maybe a divorce, maybe taxes, all kinds of reasons. but you only weigh for one reason. >> good point. josh lipton has one of the big movers. >> had a luncheon in new york today. jeff gun lock offered his latest investment idea. for chipotle. it was a year ago he said he was shorting apple at 610 and predicted correctly the stock would plunge to 425. cmg down 3.5%. josh brown, who was at the luncheon, says he also talked

about qe. it's not stopping anytime soon. melissa, back to you. >> thanks so much. particularly for cmg, i defer to the burrito expert. extra chicken, no beans. but in terms of cmg. >> big shortage. it's going to go up now, but we laugh about this all the time. meanwhile, look at jack-in-the-box today. i think the stock made an all-time high. so while cmg is going south, my fave q doba, but i haven't been in a while because of my waistline. but it works and will continue to work. >> given what we heard out of china and the fears about the evian flu -- as guy likes to call it, named after tequila. >> it's lovely, something you might want to get. >> it finished the day higher,

yum brand. >> i think people have started to evaluate where sars and some of these pan demics have been way overdone. they have endured head winds with the oppression from the chinese government. multinationals are being picked on in china and china will have to take their foot off the net. but yum brands, as much as they've pushed asia as their core growth, they're growing everywhere. you talk about gourmet mexican. the taco bell canteena menu is growing. >> i hear it's quite tasty. >> why you even going there? i'm going at your waistline and girlish figure. >> before we go to break, let's check some stocks moving in the

after-hours session. j.b hunt. also watching ashland, jumping 6% after janna discloses a 7.4% stake in the company. coming up next, why one of our traders believes amazon's bargain days are behind it. later on we take the vital signs of the big pharma rally. much more on "fast," straight ahead. 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. ♪ is its own reward. but there's nothing wrong

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>> big bank earnings kicking off tomorrow. citi reports on monday before the bell. time to take our position ahead of these earnings. karen, we had a very fine guest on, who said he didn't expect much by way of surprises. >> i think that's true. hopefully it won't be that eventful. jpmorgan and wells fargo tomorrow. so there will be some correlation, even though there's some specifics to each. i think there's a lot of good things happening right now. you know, the credit quality continues to improve. housing prices, that's been good. the refi business probably slowed, but equity and capital markets probably ticked up.

the net interest margin is certainly under pressure. >> we talked a little today jamie diamond in his letter talking about rapidly rising rates. he's had that position that he wants to be in position to take advantage of rising rates. hopefully we'll see the end of the net interest margin pressure, because then they could improve earnings meaningfully. >> i think a buck 22, which we're getting close, this stock is on break-out mode. they report next week. i think pete talks about beta all the time. i think the beta continues to be in black stone. so i'd look past jpmorgan and wells fargo and look at bx. >> dr. jay, any anticipation of big moves here for earnings? >> i'm short puts in jpmorgan because i saw a lot of put selling in there. i'm also long the 49.5 spread. not looking for explosive move to the upside.

11 of the last 12 quarters. i think they do it again here. deposits have to be up here, i think a lot of money came from the european zone. >> let's talking about buy. feds splits in a letter to shareholdering. jamie dimon said to get ready for a surge in interest rates. we need to be prepared for rapidly rising rates, potentially worse than we've seen in recent history. one of the ways we do this is to position our company so we can benefit from rapidly rising interest rates. what should you be buying? let's bring in john. great to see you. >> good to be here. >> you're off to a good start, don't worry. >> so in terms of this rapidly rising rate environments, nobody's foreseeing this anytime soon. so how do we know when to pull the triger and position for it? >> the last time, what happened is the feds started raising

rates in increments of 25 basis points at a time. that was the fed funds rate. in this case, likely will have fed funds rate rising, might have them reducing the qe operation. the twist operation type deal. but what you're looking at here, we would expect it will be rather well timed, looking for the fed to definitely telegraph it. and then in addition to that, we have some time ahead, we saw with the payroll number on friday, even with the good initial jobless claims today, the environment it's a slow recovery, but it is a recovery. >> in terms of the sectors that you flagged as outperformers in a an environment where rates are steady, versus rates rising, there's a lot of overlap there actually. >> yes, there is. i brought the list with me to read it. it's energy, utilities, materials, telecommunications, and tech.

-- i'm sorry. did best when rates were rising. on the other hand, the ones that did the worst were tech, health care, and both consumers. >> all right, so materials and energy to me, this is nonintuitive because you think would that materials are selling off as rates are going higher. especially especially we're talking about rates rising for two different years. hopefully we'll have them rising because we're getting back to a growing economy. this first round has taken the fed out of the picture. that means the world's a better place. i don't know if i want to buy commodities and they're trading like that right now. we started to see the claims numbers today, look better, you started to see resources sell off because it means the fed's coming out. >> i think we'll start seeing

the emerging markets start to come back. as the emerging markets start to come back, we expect the pick up in demand for commodities. and the dollar is strong. when that's strong, foreigners do not stockpile. what they do, is buy just what they need. especially in a slower environment. >> the problem -- not the problem. take a look at this list, what makes me scratch my head, the underperformers, historically when the fed held rates is what outperformed in this market go-around. >> right. >> how valid do you think investing according to history, how far will that get you if we've seen outperformance in financials, discretionary, staples, and health care? those are the sectors that were start to underperform when the feds held rates steady. >> i think we've not moved into the cycle where we've seen the fed first raised and then pause. what we were talking about this week when we brought this up is

the effect of when the fed begins to raise rates, what do we expect will outperform and, you know, mark twane used to say, history may not repeat itself, but it sure does rhyme. our bet on this would be that cyclicals would do remarkably well because we don't see any reason for interest rates and -- all apologies to jamie dimon -- for interest rates to spike and stick. they might spike, but just how far and how affordable would those rates be based on where we are right now? last i looked, the ten-year was about 1.8% with corporations with great balance sheets, they can afford higher rates. time for pops and drops. big movers. kick it off with a pop. >> i like this one. up close to 3% in the middle of the day. still think it's attractive here, i like it.

>> chicago bridge and iron, down 4%. >> not in chicago, but amsterdam. that great publication, the australian financial review had an article about these guys. look at their recent earnings. these guys are crushing. i never say this, but this is a buying opportunity. >> profit for burger king. >> the current ceo will run heinz now and taking over for him will be the krurnt cfo of the company. he was a partner in 3g, so i think he's well basically a good person to run the company. at 30 times earnings and a good turn richer than mcdonald's, don't see why you buy burger king here. >> that's clearly what they're telling stockholders to push for. they think it's positive for the stock. >> blackberry, down 7%. >> rumors that people were returning a lot of the stwrmpt

10s. blackberry denies this. nearly 80 million share turnover today, 150% of normal translateding. so anybody that wanted an excuse to sell, sold today. >> and we got a pop for psy. you may have gotten gangnam tile out of your head, but he's at it again. you're listening to his new single. it's off the wildly successful "gangnam style." psy's first effort has exceeded 1.5 billion views on youtube and is the most watched video of all time. >> i got no time for psy. >> i'm with hash tag. >> you tell me this guy is -- >> yeah, most ever. ever. >> and you ask me why i'm apocalyptic. you tell me that's not the sign of the apocalypse. >> coming up next, how to locate

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>> welcome back to "fast money." i'm josh lipton. walter energy is popping hard here in the after-hours. these headlines just dropping. the company providing preliminary first quarter 2013 operating results, saying performance for the first quarter has improved compared with fourth quarter 2012. the company saying it is well positioned as it looks ahead to

the remainder of the year. walter energy up some 6% right now. back to you. >> this could really impact the coal space in general. they're talking about higher sales volumes and pricing for met coal and lower costs and production costs which could impact here. >> we said this last week, they were pricing it like they were going out of business. it's great to see people have been wrong on the wrong side. they've been good to come to market and give guidance. >> let's talk amazon soaring 44% over the past year. we're looking at whether this stock is getting overpriced in our street fight tonight. in the center ring, john is the bull. mike is the bear tonight. you both have a total of 90 seconds. to make your case. >> number one, jeff bezos, that's one of the big reasons to own this stock, that and anything you want to buy retail wise, these guys are the kings of it. i don't know why congress and so

forth have not addressed that you don't pay taxes in most areas for what you buy on amazon, but it's a huge edge for them. also kindle expands their footprint dramatically. also look at amazon web services, aws is exploding. so much so the cia just signed up per $700 million worth of their services. so if it's good enough and secure enough for the cia, i think it's good enough for most companies. >> mike, bear case. >> i think amazon say well run company, not going to fault jeff bezos either, but the valuation is off the chart. trading 22 times earnings, not this year's earnings, not next year's earnings, all the earnings they've ever made. if it was growing 100% a year, maybe you could come to that number. but you just can't when it's growing probably high teens something like that. it's a great company but the

multiple isn't justified. >> the problem is that the multiple has always been high on this one. if you always made that the reason why you didn't buy the stock, you would not have ever gotten into the stock in the first place and you would have missed the entire run. >> that's right. but do you want to buy it now is the question? but in in case, you already have a company substantial -- >> mike and i would both agree that you don't really want to jump in and buy a $270 stock here. you want an options spread. after most of the expirations. the end of the month expiration to participate and we both probably endorse that. >> let's see what we think on this street fight. >> i'm in the -- this one, i'm sort of with mike. this next quarter, i think end of the month, it will be about their margins. if they come back down and they've been improving, but if you see a blip there, here's a

stock that could go down easily 8 to 10%. so i'm going with mike on this one. >> karen? >> i can't possibly get on board a val yution like this. the discounts, all the good news from now to forever. i look at something like a microsoft and you look back ten years ago, they make four times as much money. you could have made every super lative statement about microsoft ten or 20 years ago. at some point the multiple just cannot hang in there. and i don't know when that is, but i wouldn't be short either. >> so another one for the bear case. tim? >> i would dock mike for not dressing for the part today, but i can't because he's right. i've said valuation the whole time with this company and i've been wrong. this stock has been a widow maker for a lot of people that stood? the way of valuation. same store sales were up 19%. they don't care about margins, so they're winning, but they won't win for forever. walmart is starting to steal

space. i think amazon's days of dominance are coming to a close. >> clean sweep here for mike in his debut street fight. good for you, mike. but we want to know what you all out there think about who won. tweet us at cnbc fast money. we'll have the results at the end of the show. moving on, our next guess, john delvecchio. the fund dedicated to shorting stocks and he rolled out the forensic etf as well. great to have you with us. >> thank you. >> let's talk, we're in earnings season. which ones do you see right now as potential beats and why? >> actually the companies i have rated a on my forensic accounting etf are hewlett-packard and chesapeake. both of which would be controversial sfox. chesapeake has a more powerful

shareholder base now. i think the asset sales will go well. there's a new management team. hewlett-packard has been a total disaster recently. i'm sure they're rolling over in their graves and the numbers on the pc business weren't that good today. however, the operating cash flow relative to net income has improved. enventories and receivables are under control. a lot of write-offs they've taken in the last couple years will benefit earnings power in the future to the extend they've bundled normal operating costs into those write-offs. >> so walmart and nike are on your list there. skip the fundamentals. give us what you saw that made you put them on their loser list. >> walmart is obviously not going to go out of business. they're stealing share from amazon online. one thing that i look at is cash eps comparing what's on the

income statement, to accruals on the balance sheet. in this case, walmart is losing cash eps, down $2.26, versus 12 cents a year ago. that's a big negative red flag. inventories are up year over year and there's some articles out there saying they're not doing a good job with inventory management, that might hurt sales and margins going forward. as far as nike goes, it's expensive. the company has a cash flow shortfall of $400 million. deathly overbought on the short-term basis. i think there's risk there going forward. >> and quickly, losers, does that mean you're shorting them? >> no, we don't. we exclude them from the index. they're graded a through f and we just exclude them overall from the s&p 500. >> great to speak with you. thanks. >> hat's off. one of the hardest thing any

fund manager has to do is short stocks. because there's not a lot of bad companies out there. a lot of these companies are street fighters surviving the test of time. i'd be interesting to see how actively managed is this portfolio managed. in many cases the thing you're looking for, the catalyst for the short, whether it's earnings release, you have to be careful. >> thoughts on walmart being a loser in q 1. >> not quite sure. i don't know if it's big cap x or what they're doing to not convert, but they've had some decent momentum. i just thought the price appreciation has been pretty good for walmart. microsoft doesn't move a ton. i think it's more a down market recession stock. it does well. so i think we're not in a recession any longer. i'm out. >> what's the worst grade you ever got there at the -- >> a minus. >> the worst grade i got, b.

>> oh. [ all speak at once ] >> i knew the mascot, you didn't. points for guy. >> points for you. gold stars for all. still to come, why it may not be too late to get into the big pharma rally and how to create a winning portfolio if you just woke up for the first time in five years. back right after this. mine was earned in djibouti, africa, 2004. the battle of bataan, 1942. [ all ] fort benning, georgia, in 1999.

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welcome back to "fast." we're live in times square. sector is up 20% in 2013, outperforming the s&p 500. so are the health care stocks still the best bet in this market? barbara ryan joins us now. good to see you. >> nice to see you. >> you say these names are not overvalued, yet you look at some of the multiples, they look high on the surface. you look at merck and it's 22 times earnings at this point. how does that stack up to history? >> i think you have to look at a couple of things. one is the stocks have been significant underperformers for a really long time. so let us drug analysts have our moment of glory and don't call it out yet. there are a couple of things

that came into the year undervalued. we're looking at depressed earnings basis. so if you look at the current pes not the best way to look at them. much better to look at future cash flows. we did an investor survey looking at health care, there was clearly a bigger appetite for these stocks. one is the valuation. two is the yield. they've been more aggressive about returning cash to shareholders and we've come out of the earnings clip. so going forward, i think they still look attractive. >> afraid to own any specific name because you wake up and have some failed phase 3 trial. so con selldation has been very helpful for both of those. do you see that continuing as big pharma looks to increase the pipeline? >> i think it's absolutely going to continue. it takes a village and we see

collaborations clearly driving the pipelines of larm pharma. i think that will continue. particularly in biotech and specialty pharma business will continue to be very lucrative going forward and all companies have an appetite and they have a lot of cash to do those kinds of deals. >> celgene is up 50% this year, on top of the last couple of years. is it over its skis, or still a stock that you can own? >> everyone loves oncology. clearly they have a tremendous pipeline looking out into that market place. i think the bay yee teches are are probably the place where they're a little bit in front of their skis. pharma, much less the case. i think the biggest risk that we have tho look at now is sort of the fed. you've talked a lot about that over the last couple of days. if and when the market begins to anticipate that the fed is going to pull the punch bowl back, then clearly the market is going to rotate to the more sick

lickally sensitive stocks and the biotech would be the most vulnerable. it's probably a case of when that happens versus if. >> thanks, barbara. >> thanks for having me. >> let's get options action here because oppingdss traders are still making bullish bets on pfizer. >> we saw a little bit of call buying in there today. and a let of that activity was concentrated on the september 30 buyers calls. paying about 80 scents. see the stock about 4% higher by september expiration, five months away. what's interesting is that this stock also pays a dividend, it will receive about 48 cents between now and then, and early may and august. low volatility name, so for anybody who's feeling hesitant to dip into the space, these calls are inextensive way to make a bullish bet on the name. >> coming up next on "fast," dr. jay is in.

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class is in session in honor of final literacy month. today's lesson, how beginners should build a portfolio if you woke up today for the first time in five years. walk us through. start off with allocation in the portfolio. >> sure. i'd commit about 50% of the portfolio right now to the stocks that i'm about to name. the reason for that is that over time just as josh detailed for us earlier in the week on this exact same segment, i think you don't want to throw all your money into the market at any time unless you just have absolutely perfect timing and did it march of 2009, you're not going to be throwing it in at the right time and you're going to underperform. i'd go in for financials, i like wells fargo in the space a lot. i like jpmorgan, both of them earnings tomorrow. i think jpmorgan attracts a lot of deposits from overseas. wells fargo hits housing hard. energy, pen west, 10% dividend,

love this stock, talked about it, it's continued to work higher. i like that one. also encanna, about a 4 or 5% dividend there. a lot of dividends on this list. i like those because these will be stable stocks. i have a couple utilities in here. american electric power, as well as southern company and duke. i like all of those. on dips, i'd add, take cash from the market and put it to work in other stocks including this list that i have here. >> no technology exposure? >> no. but the ones that i would buy on dips, broadcom, marvell. -- >> so you're waiting? >> yeah. >> in terms of the allocation would you agree with that and in the final phase of your portfolio -- i don't want to say final, but it's not going to be 50% cash. it costs you money to just hold cash, right? so what is the final allocation?

>> he's building a foundation. >> right. >> so i think the final allocation, if you have some ridiculous time, 75% stocks, throw a little commodities in there and keep cash on the side for -- what do they call t keep your powder dry. >> we like to have some powder. >> play a round of the good, the bad, and the ugly. first the good, back in january, tim said it was time to take some profits in a name that had seen a big run. here's what he said. >> after a big run in the stock, at the end of the day -- >> at the end of the day? >> take some profits. great trade. >> nice call to take profits. shares have dropped 14% since then. >> this stock may is bottoms at 85. definitely watching it. it's a rent, not own. >> on to the bad. in february, tim was talking financials and looking for bank play. >> the swiss banks and deutsche bank are the ones that have the

biggest run higher. they're the most vulnerable. i would be going after deutsche bank. >> db is down 10% since then. what's the trade now? >> i think you started to see a bit of a recovery from the next cycle of the european banks. deutsche bank unfortunately has the entire german government all over them. and there's a lot of legislation, to break it up, it's too big. you may have head winds, but i like deutsche here if europe's going to come out of this. >> whoa, stop! what's the name of the game? >> you got an ugly. >> what's the ugly. ♪ >> since you heart psy so much. >> i don't even know what that means. >> he's a bad guy. >> bring him on "fast money." we'll get in his grill. >> we'll invite him on. >> he's got plenty to say.

let's have him say it here. >> coming up next, fashion victim, what bill is saying now about jcpenney's problems. much more "fast" straight ahead. clients are always learning more

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hedge fund manager bill ackman still believes in jcpenney saying the stock is worth 75 bucks a share. speaking today he reiterated his positive feelings about the company but said ron johnson was not the right man for the job. so is ackman's conviction still right at this point? do you believe him? >> no, i don't. i mean, we've said before bill ackman might be a great investor, doesn't make jcpenney a great jempt pi recall him saying it was a ten-bagger. you could read today's news that he's lowered his price target to 75. so i'm surprised he's out there talking about it. i think it's time to not talk about it for a while. fix it. then talk. >> right, get it done. you tweeted, we trade.

let's get to your tweets. karen, we kick it off with you. significant drop in pc purchases what does staples do when they designate 100 to 200 feet of retail space for laptops? >> that's a great question. not the best for staples. i sold my staples, not well i have to say. the best thing going for them is the officemax office depot merger. you bring up an excellent point. i'm out of staples. >> would you put new money in halliburton? >> ultimately we have a strong argument that you'll see more complicated drilling and expertise involved in oil and gas services. halliburton is one of the world's best and they're in the places where it's most difficult to run. this chart has been sideways over the last six months. i think it's a safe place to play. >> safety play, when or if it hits the fan. it fits the fan, i said. gold or bit coins. >> if you're looking for safety,

it's gold. bit coins are beta on steroids. this time last week, they were going for $140 u.s. to the bit coin. yesterday they had 460 to the u.s. dollar. today they felt to 110, and they halted trading in them. so be very careful. there's a lot of interesting things about a digital, nondirect, not tied to a government currency, but that's not a safety play. >> mike, this is for you. adp, long-term flat labor market. >> we haven't seen a stellar labor market the last few years. i think you could use that as a bram ter on what their performance might look like. top line 6 to 7%. the stock is trading well over market and over its own average valuation, so i think it's a stock to avoid. >> thoughts on emc at this multimonth week support. all bad news baked?

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so time to find out who won the street fight. it was dr. jay versus mike on amazon. and you all out there have decided that the street fight virgin has won. so with his bearish case on amazon, he takes home the trophy. don't cry, there's also another street fight tomorrow. let's go around the horn. >> 3m, a company with a long-term growth, but i think it's fully valleyed here. if you own it, you've been lucky. let it go. >> hal con, hk, aggressively buying october calls. >> shorts covering. >> karen? >> i still like tkr even though the company will come back and say weho