before we go, the day on wall street it was mixed. the market did end well off the highs. the dow up just about 11 points on the session. it was a win for the dow, but the nasdaq and s&p 500 broader market under some selling pressure today. have a wonderful weekend, everybody. that will do it tonight. next week, we're live in l.a. i'll see you then. "fast money" begins right now. good night. live from the nasdaq market site in new york city, i'm melissa lee. here is what "fast" is following tonight. who would you rather? >> what? >> microsoft surpasses google for the first time. the traders pick side in the tech titan battle. golden opportunity? another firm on wall street sails it is time to short the yellow metal. and penny's pen anies. the big name bets on jcpenney are giving the stock a big boost. should you buy in? we're tackling the postgame analysis and set up for tomorrow

with traders dan nathan, brian kelly, josh brown and guy adami. straight to the markets here. does this year's relentless rally have what it takes to avoid the sell in may and go away trend? in fact, take a look at this. more than 50 years of data show the dow on average returns less than half of a percent between may and october.ç history is on your side, beeks. >> history is on my side and i'm still selling. everything that i thought would happen where the economy weakens, you get bad earnings happened, and the stock market hasn't gone down. there's another dynamic going down. individuals are putting money to work in the stock market to get that yield, to get some kindle of return because there's no other alternative. to me, those are very weak hands and that's a scary trade. >> that seems like a lame reason -- >> what? >> no, not your reason specifically but just to say it's the calendar and we're turning to the month of may so therefore that's why you should be skeptical. >> i thought b.k. was just going

to get up and walk out into times square. lame is tough. i have no idea why we're rooting against a correction. this is only the third time in history we've gone from january into may 1st without a 5% correction. the other two times, you didn't get a great result afterward. i really don't see why we don't want that cleansing breath of fresh air. but we're really not getting it. looks like we're correcting through time. we have these weeks where things look a little choppy, everybody starts pointing out the diver jenses, they say, the russell's not confirming this or that, and they resolve it to the upside. i have no idea how long they can continue. i'm enjoying it. but -- i also wouldn't mind a correction. >> very nice that you're enjoying it. here's the thing. b.k. in the bear suit is not enjoying it too much. >> i'm friendly. >> we know what gotç us here ts year. it's health care. it's staples, utilities and these things have really gone parabolic and shown pretty dramatic outperformance over the

last four months. this week, we saw bristol myers, proctor & gamble, at&t, these are all defensives with pretty decent yields, they got nailed. this is something, i think you have to keep your eyes open. and you can say for every proctor, i know a johnson & johnson, something like that. let me tell you something, if we get that 3%, 5% selloff, this could be the canary in the coal mine. >> those will be the names that fall the most? >> i think they are very crowded trades. johnson & johnson -- >> well, if they are crowded, they would fall the hardest. >> yes. >> but did you happen to notice what worked this week in the absence of strong leadership from eutilitieutilities? upticks in chemicals, upticks in energy names. so, look, that's really healthy. it what you want to see when you are close to market hikes is that broadening out. >> we have breaking news here. jane wells? >> hey, melissa. we're trying to get more information about this late on a friday timing by las vegas sands

that it will not stand for re-election as the company's independent auditor. this is a decision by the audit company to not stand for re-election. the news release makes it quite clear that there's no dispute between price waterhouse coopers andç the company over financia statements, from end of december 31st. they contain no adverse opinion. there have been no reportable events. no disagreements. what a source tells us, this is quote, just a relationship that's run its course. las vegas sands will report earnings next wednesday. perhaps more information by then. back to you. >> all right, thank you very much, jane. and we do see the stock moving a little bit. the volume on a friday afternoon is probably fairly light. we'll keep track of this story. guy, quickly, in terms of your market thoughts? >> i'm quasi-apocalyptic in my

views. >> quasi? >> no indication now that the market wants to sell off. the problem is, i do think if you see a selloff, it's not going to be that five-day percent that people want. my level remains 1520 on the down side and things can get messy, but as we stand here, the money flows are such that it's going to continue to probably grind higher. i mean, news that central banks around the world, obviously you can, the u.s. it's not happening, but now buying equities is flabbergasting. it works until it doesn't and when it ends, it ends badly. but the problem is trying to put a timetable on that. >> let's get to our top trade as we head into a new week in the markets. dan, what's your top trade tonight? >> i just mentioned johnson & johnson. this is one today, i bought some puts a couple weeks ago, 3% lower, i rolled them up. i'm being more convicted forç e reason i just stated, some of those gaps in defensive names make me believe that there's going to be down side for some of these crowded trades. johnson & johnson expected to

grow 6% a year. it's up 21% year to date, all-time highs trading at a multiple it hasn't seen in ages. these are the bets you want to make at highs like this. >> brian kelly? >> i agree with dan. you can agree with me or disagree with me wherever the market is going to head down here, but the very laeast, buy some puts. protect your portfolio. just be smart about it. buy some puts to protect yourself. >> josh? >> we raised some cash this week. we had a company, qualcomm. good earnings report. that's not good enough for us. we love a company, we don't love qualcomm anymore, given the fact that there's more competition than we thought coming down the pike. that's an example where you get to raise cash, if the gentlemen to my right are correct, we get that washout. please give mel johnny john under $80 a share. i'd be very happy to take it off your hands at that level. i think that's the right move,

too. >> certaner. the backlog is up huge. pushed up against 100 bucks. today, another all-time high. the valuation, yeah, it's rich. but so is the short interest, it's pretty phigh. i think the stock runs higher. >> let's get to the newest game that we're adding to our "fast money" repertoire. >> what's that? >> background first to it.ç microsoft's market cap topping google for the first time since november. today, these two companies are in a virtual tie. so -- who would you rather? >> rather what? >> my so croft or google? >> why can't i have both? >> greedy. >> well -- >> who would you rather buy? >> the market cap shouldn't be the decision factor, whether or not you're going to buy one or the other. it's interesting they are parity. here's the difference. one company can be seen to be no growth, maybe even a meting iceberg at some point. the other one is ticking away at 20% growth, has a printing press

in its basement and really is not falling vick tum to the demise of the pc and those gigantic trends. >> one game we don't play on here, we don't play shoot the messenger, right? >> nice. >> just a game that was given to us, you know what i mean? i'm going to play your game, mel. i buy google here. it's a lay-up. >> so, we agree, but you just wanted to get that in? >> correct. >> wanted to call you a jerk, basically. >> google is expected to eahave earnings in the mid teens. i think it's google. >> quick. >> microsoft. >> we used to play this game in college but it's a different game. google. i'd rather google. >> all right. time not for pops and drops. big movers of the week. we have a pop here for netflix, up 32% this week. guy? >> you know we'veç liked this name for awhile. now is not the time. buy it lower than here. lower meaning 190s. >> big move this week, up 27%,

b.k. >> this is a name well used to talk about a lot and really has fallen off the radar. great online traffic surging. anything that's up 27% in one week, though, you have to take some profits. so, do that. >> drop for robert half. josh? >> so, missed earnings by a penny, though it was a decent quarter and revenue was light. you can't dot that at a 20 times trailing multiple. it's not in the rule book, so, tough day, i would stay away from it, let it settle out. >> pop for first solar. up 16%. >> this one has been on a tear. the stock, i think, was in the mid 20s then, it got through some technical resistance at 40. 50 is a massive level. they have the herbings report, going to give guidance in a week. i think the shorts are -- longs are trying to squeeze the shorts here. >> let's take a look at some of the best moments of the week here on "fast." >> i'm a commando on the weekend guy. what's wrong with that?

>> i use the six blade hookup on the top of my head. >> karen, feel it. >> oh, that's good. four blamds is not enough? >> four blades is not enough for this smooth noggin. >> if we had a "fast money" volleyball re-enactment scene, you'll be goose wearing the shirt. >> come on, b.k., lighten up. need 90 seconds, that's not the first time he's uttered those words. you know what -- thank you very much, i'll be here all week. it was a great week. coming up next, a look at the housing recovery. is it a house of cards? we'll get some answers. plus, the logic behind b.k.'s go anywhere index. how it could help you make more money. and we go behind the surge in the flavored whiskey demand. much for "fast" straight ahead. [ male announcer ] here at optionsxpress, our clients really seem

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let's get a market flash with josh lipton back in the news room. josh? >> hey there, melissa. jcpenney ripping higher today. david faber reporting that goldman sachs has arranged a $1.75 billion financing package for the retailer. this follows yesterday's news that george soros reported a 7.9% passive stake in the company. jcpenney surging 11%. best day in 15 months. jcp is the most shorted name in the s&p 500. 47% short interest. melissa? back to you. >> thank you, josh. guy, are you a sensible slacks kind of guy? you like what's going on there? >> well, see, now, you can't live in a vacuum te[e, harvard girl. >> what are you talking about? >> on april 11th, when that stock flushed, i was sitting here, finerman was there, i

said, you know, not a bad day to be buying jcp on this flush. traded like 89 million shares. >> and you say i called you crazy. >> yeah. >> i call you that often, i don't remember. >> it's all about trading. today is the day, you probably take some off the table. in a vacuum, today, if you flew down from mars, what do you do? you buy it again. ? >> really? >> yeah, because people are chasing. all the company's broke, the stock may have legs here. >> yeah, i think what you can say, the best thing you can say is that now talk of an $8 stock is off the table. talk of the suppliers abandoning the company is off the table. i think if you are fortunate to catch this bounce, i wouldn't be looking for much more in the short-term. >> investors on the hunt for yield are flocking to go anywhere mutual funds for their asset class diversification. brian kelly has launched the go anywhere index. the first benchmark index tracking cross assess investment. it tracks 44 equities, commod y

commoditi commodities, currencies and bonds. walk us through it. >> you look throughout the world and you have your four different buckets. 25% of your port follow in equities, bonds, currencies and commodities what's unique about this, when you trade across asset classes, to get your position side, you need to weight it by voluatilçivolatil. each particular component contributes to the say amount of risk to the overall indirection. if the stock market is up 1% and commodities are down 1% one day. you can be in that, still have diversification and you're not going to get killed. by doing that, you can create a portfolio that over time actually has lower volatility than the s&p 500 and better returns. >> so, it sounds like it's a classic hedge fund -- >> you know, it goes back to the old kind of old school global macro hedge funds. what's popular is the go anywhere funds, the fastest growing match wall fund sector

has been this go anywhere strategy. that's really starting to come to the retail area. with etfs, you can construct this type of portfolio very easily. you don't have to trade futures or swaps or anything like that. you can get that global diversify case by just simply making sure you weight it by volatility and you go across different asset glasses. >> go anywhere. all right. let's move on here. this isn't your father's scotch. spirits companies are luring novice whiskey drinkers with sweeter flavors. joinings now to raise a glass is the owner of the brandy library in new york city. great to see you. >> it's good to speak about whiskey. >> i agree on that. in terms of this trend, do you think this is big enough to actually attract more drinkers? >> oh, definitely. this is so, so big. now, whiskey, in the u.s., right now, is the fastest category. it'sç growing faster than any other spirit. and the flavors are driving half of this growth. so, this is big. this is not just a little quick

phenomenon. >> right. >> it's much larger than that, because it's american first, but then look, there's irish, as well. there's a blended scotch coming up. the honey. and what's already here with honey. >> i like single malt scotch on the rock, really simple stuff. this sounds kind of gross. >> gross? >> how would you describe it? not having had it before. the thought of mixing the flavors up when you want to taste the flavor of scotch? >> no, it's still interesting. >> okay. >> now, i'm not a huge fan of it either, but look. if you are a bit shy, going into this category of whiskey, what about having a little honey in there? >> right on. >> or a little cherry. it helps. >> look at the names of this stuff. i mean, red stag, i mean, you can be -- >> is this -- >> is this aimed to younger drinkers? >> i like this one. >> this is for women. >> listen what it says.

ignite the night. who doesn't want to do that? >> really, trultruly, this is f the younger crowd, 21 to 30 and also women. women who are just, they can't go to whiskey because it's bold, a big character. they go to that first. >> because they're stiffs and you want to loosen them up. this is perfect for you, mel. we should go out and have one of these. >> is the çmachle syrup one fo breakfast? >> it smells like about jemima. >> it is in the kelly house. just saying. >> truly, some are quite sweet. others are not and they're interesting. let's put it this way. >> interesting. okay, we'll have to sample some and render our judgment. thank you for stopping by. >> thanks a lot. thank you. >> is there a trade, i mean, obviously there are spir riments companies out there. >> beam. that's really the way to go here. they tried it with begin, tequila. this is really taking off in the whiskey area. remember how big the flavored

vodkas were -- >> tylenol could be a good play. >> for the hangover. >> you drink way more of it and the sugar -- >> that maple syrup one -- >> need i say church and dwight is an obvious choice, as welwell -- >> the precious metal gives us -- we are moving on. the call of the day. plus, which of your tweets made the cut. we trade them live. and your first move for monday straight ahead.fferen investment, ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 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.

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melissa lee's getting ready to embark on a new journey into the unknown. it's something they didn't teach her at harvard and we're not quite sure whether she can handle it. her special announcement monday. >> i almost forgot that i had to do that thing on monday. >> what are you doing? >> i can't say. >> have you ever done it before? >> never done it before ever. never done it before ever. i didn't want to do it, but now -- >> go to college? >> is it something you've saved yourself for? >> yes, i have. yeah. >> okay. >> monday, 5:00 p.m. >> tune in for that. >> all right, the activity in gold and silver could give investors an opportunity to make a buck or two.ç seeing an opportunity to short gold right here. it is our call of the day.

and specifically they are saying that short it at, what, 15 -- 1500 for a decline to 1310. >> pretty serious decline they are talking about. and especially silver, as well. they talked about silver going to $17, so, i mean, certainly i could see the case technically. why that would happen. and you have the swiss national bank talking about how they don't want to hoard their gold today. >> let's get to some of your tweets. thought thoughts on micron and wire -- >> wow, different stocks. it's that play, that second third derivative play on the housing area. micron is a -- that's a commodity to me and that actually had a pretty good run recently. i would not be in micron right now and i'd rather be in wire -- >> too bad regis isn't here to do the regis impression. he's not here because of traffic. if you are listening.

will the selloff in amazon continue next week? >> the weekly charts look awful. the one positive, i could point out technically, is that 250 is an important level. if you look at today's low, it kissed like 252 and the buyer's came in. maybe that's where it holds. it is pretty significant. also the 200-day moving average. >> guy? >> hi there. >> this one is for you. thoughts on zynga's potential? >> zynga? they play those -- >> farm -- that's what youç ar playing right there. buying -- >> yeah. >> that thing still trades? >> friends with -- >> yeah. my thoughts on the potential of the stock -- >> there's two different things. they could be -- potential for the games, potential for the stock. >> and the potential for the stock, i think, is grim. though, here you go. it's $3.40ish, right? 18% short interest. the quarter wasn't a disaster. guidance was. that's your only potential that you have out there. a lot of people out there betting it's going to zero.

>> two-thirds of the market cap is in cash here. >> look at you. mr. fancy stats. >> i'll see your zynga -- >> just shut down and give it back. >> they should shut down and give it back. absolutely. >> shut down and give it back? >> i'm just -- >> they sell virtual animals for virtual cash. >> turn it around. >> that didn't work so well. >> a little promo for "options action," you want to get long, sell puts. >> can we limit our risk that way? >> risk less make more. time for the final trade. let's go around the horn. dan nay tan? cop out. >> i'm going with tlt. great day today. buy it. >> josh brown? >> i like oxy as a long. >> guy? >> what are you doing on monday? seriously, can we just chat about it, or? >> i'm tweeting on monday! >> whoa! what? >> first tweet on "fast." >> what is it going to be? ®>7 i don't know. i have the whole weekend to

think about it. >> picture of a sandwich. >> going to be in latilatin. >> final trade for guy adami? >> you know, beekers talked about gold, i think it had giddy up in it. gold. >> wow. >> that's what i'm talking about. >> nice call last week. >> yeah, sure. >> very good. all right, thank you for watching. see you not tomorrow, on monday at 5:00 for more "fast." "options action" begins right after this break. ♪

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this is "options action." tonight, about face. can earnings save facebook? >> trap the gun. just facebook. >> brian stutland says yes and he has a way to get long for just under a buck. plus, talk about a magic trade. dan nathan has a way to make money on disney if the stock goes up, down or nowhere at all. ♪ >> it ain't no fairy tale. but it is his trade on the mouse house and he'll show you how you can make money, too. andmb