need to understand and know the rule book and that is still the unknown. this is why confidence is so critical and confidence comes only with certainty. it seems washington could at least provide that as step one toward a better economy. certainty. that will do it for us for today. thank you for joining us. stay with cnbc. "fast money" begins right now. live from the nasdaq market site in new york city's time square. after hours action from aig to linkedin. we're covering the movers. solid foundation, we're taking a deeper dive into the housing market. why your best bet may be home builder debt instead of the stocks. the solar stocks have been hot, but is the move overextended? we're tackling the postgame analysis and set up for tomorrow with dan nathan, tim seymour, kim finerman, and mike coe.

let's get your top story here from defense to offense. is it finally upon us, and time to flee utilities and staples for tech energy as well as materials? before i toss it to the traders, i want to put up a chart. this is what got us thinking today. take a look at utilities versus technologies. if you also back this up and take a look since november, you can see that utilities has a spectacular chart since then. dan nathan, what do you make of this? >> more seems like a rotation into ladders than cyclicals. if you think about it. because a lot of these companies, they're moving out of the colgates and some of these staples in health care and utilities into microsoft intel. these things are only expected to grow a few percent a year earnings and sales for the next few years, except that they have that yield. so now they're kind of moving into it. so i'm not sure if it's that bullish of a sign that they're moving into cyclicals.

>> the move from november also needs to be noted, it was right after the election, so the utilities got crushed because people were looking at the contraption. these are really the first plays that people were going with and they were the legacy of the first part of this rally where people had to grab yield. we know yield compression -- it's been highlighted this week with some of the corporate bond issues. but people are grabbing for a different kind of yield. the tech guys have proven that they're paying investors. i think ultimately you're not seeing validation still, though. the transportation index, to me it got over the 50 today. it needs to hold this or you're seeing a lot of sell signals that are waiting. the s&p today out of the gates, i don't think you have sell signals. you have moves where the smart people can go higher. >> when you see a move like a microsoft, which hit a fresh 52-week high yet again in today's session, firmly above 33, shall we say. the philadelphia semiconductor index hitting a two-year high in today's session with tremendous move despite a downgrade. what does it say?

>> reminds me of a dave edmonds song. crawling through the wreckage. i think that's exactly what people are doing. they're looking for things that haven't performed over the last couple of years, and what's been a tremendous tape, and making a play for these things. at a certain point, they can catch up. ♪ >> wow. >> love what they're doing. >> good job. >> karen, how do you read this market? >> i've got to agree with dan. i think that there's sort of a hunt for value. things that haven't moved, where so many other things have moved so much. sadly, something like a microsoft. but that's an example. so to me, that makes sense. i don't think that there was anything that came out today that should make us feel that, you know, global growth full-on versus some data that we got to the country yesterday. >> the acb told us that they're going to throw everything they possibly can. that's why markets are rallying.

>> are you still short the cues? >> i am not. i have not been short spy in weeks. actually shorted on the bell today. that's my top trade. i'm not trying to pick a top. i know everyone gets snarky. to me, when you have this ecb announcement that was as telegraphed as it was and we have a reversal of yesterday's action like this, what's going to happen tomorrow? we're already expecting it to be bad, so if it's better than expected, are we going to go back down 1%? that's my trade. >> we got jobless claims today that were a lot better. >> that's true. >> people have said there are going to be more concurrent indicators. we were adding -- i like the iwm, who by the way, took back everything we gave back yesterday. we like resources here. they haven't participated. it's been frustrating. people that have been playing in the minors have been destroyed and they've been not only underperforming, but they've been getting caught maybe if

they've been shorting the s&p against it. that's the wrong trade. but what we're doing here is shorting europe where we think things are way overdone. if commodities are really selling off, the australian economy is in trouble. the aussie/dollar is a good place to play that. >> karen, your top trade? >> adt, which actually was down a fair amount yesterday. seemed overdone. this is a name that i think is attractively priced here. you know, people were mildly disappointed with earnings. one of the things they have is their adt systems, that they have a new pulse, which is home alarms. i like the correlation to the housing industry. the valuation is good. i like it. >> one of the things we had in the fall in 2013, what's going to move. i think we're finally starting to see it. lockheed martin starting to trade north of 100 bucks. >> all right. so you guys out there jumping into stocks as the s&p hits fresh records. let's find out from someone who

has his finger on the pulse of the mutual world. ted truscott, where he oversees $466 billion. he joins us live from washington, d.c. great to have you with us. thanks for making the time for us. >> thanks, melissa. >> it's amazing, because yesterday we were talking about selling. today we're talking about the possibility of cyclicals leading the market and perhaps rotation out of safety yield plays, like utilities. where do you think we stand in this market? >> look, i boil it down to something quite simple, which is zero% interest rates work. i used to think the market was catching up with earnings. now i think it's zero percent interest rates. don't fight the fed, don't fight the japanese central bank. i think people are being pushed into understanding that low interest rates are here for a while. >> if that's the case, and if things do work out, then what central banks are telling you, that they've basically been able to eliminate a step out of the cycle. they'll take recession and/or

depression right out of the cycle. that means we'll never have down times again. how does this end well? and if it does end well, then they figured out a game that i didn't think you could figure out. >> well, i think you need to take a look at something else, which is i think that quite frankly, there's been this battle going on. i think that's been going on for quite some time. which is that you have the central banks fighting what i think is a very conservative view of the world that's borne out of the financial crisis. in fact, my own personal view is that they have been battling deflation for quite some time. we haven't seen it, but then again, that's the whole point, you don't want to see it. how does it end well? well, it's going to be a challenge to unwind all of this pump priming, if you will, but i think the real battle has been going on of preventing essentially what japan experienced. i think that's been the play for the last four or five years. >> so what's the allocation in your portfolio look like at this point? >> well, unfortunately for you guys, i'm just the guy who

manages the people who manage the money. we have hundreds of differences in investment portfolios. we're always fully invested in the equity and bond side of things. probably not a great question for me to answer given all the money that we managed. >> i thought maybe there was a model portfolio for you guys. i want to talk about the corporate bond market. we've had a flood of companies hit the markets there. was microsoft with 1.95 billion. there was mcdonald's, there was clorox. it was punctuated with the huge apple bond offering. some positive like wilbur ross yesterday on "fast money." perhaps the i-bond offering marks the top in the corporate credit market. what are your thoughts on that? >> the investment grade market is very healthy at the moment. look at this apple issue. $50 billion is demand for a $17 billion issuance. it's just off the charts. record-setting bond issuance in and of itself, and a huge demand beyond it. investors are searching for yield. companies are in very good

financial shape. i just don't think that we can really trash a market that has such, quite frankly, healthy characteristics. the investment grade market is very, very healthy. people want the yield. the companies at issue have essentially the balance sheet to do it. you saw that with the apple issuance today. >> ted, a part of the asset allocation that has been trashed has been the emerging markets and the global markets. you're a guy that knows these markets well. explain this to me. i'd like the pushback on your view that if the fed and the ecb and the bank of japan are doing everything, then markets should be taking. emerging markets that have better fundamentals -- not only have they been getting destroyed, but certainly a place where assets have been moving away in the last few months at a time when they probably should be allocating in. so quick view on the world economy and why it hasn't participated at least the developing world. >> i must admit, i'm somewhat surprised by this, too. i completely agree with your statement that the emerging market fundamentals are better than some of the developed

countries. quite frankly, i think this is one where you've got to play these markets for the long run. i understand it's disappointed recently. i can't really point to anything specific. and to your point, we should be seeing something better happening with quite frankly very low rates. it is possible that there are just a number of people looking at these other markets doing well, and allocating there, having underwait underweighted these markets. we've seen huge amounts of flows going into emerging markets, global, anything, quite frankly, and i think there is a weight of money argument that says some of it is just going elsewhere. i don't think the fundamentals have deteriorated at all. if anything, i would be committing money to the emerging markets, both the debt and equity side of it. >> got it. ted, thanks for your time. >> appreciate the time. thank you. let's get a check on some after hours moving. first quarter results of the online restaurant reservation site on both the top and bottom

lines and had better than expected year fiscal guidance. also higher in extended hours trading. reaffirming its full-year guidance. but it was a different story for haynes celestial. revenues miss. and take a look at the decline right now, down by 4% in the after hours session. coming up next, one of our traders is daring to short a big name bank that's been on a tear. find out which one he is targeting and why he says it is a sign. we'll take a deeper dive in just how healthy the housing recovery really is. much more straight ahead. [ 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.

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let's get a market flash with josh lipton. josh, what are you watching? >> linkedin, which is down hard here in the after hours. beat on the bottom line and the top line. the problem, what it said about the future forecast for this quarter and the full year, missing expectations. stock had been a high flier, up some 70% this year, but down about 10% in the after hours.

melissa, back the you. >> all right, thank you, josh lipton. i've got to go to guy first. yesterday we specifically asked -- and you've been right on this call, i have to say, for a long time. but yesterday you said to buy it into earnings. >> right. and i was wrong. which is unfortunate, because it's been such a monster. in a vacuum this quarter, was tremendous. revenues better. eps beat by 15 cents or so. but the guidance -- and when you're a high valuation stock, if you have any hiccup in the earnings, or whatever you say going forward, that's what happens. now they have to reprove themselves. i still think it's a great story, but now you have to be here at 181, wherever it is. had a great entry day. traded over to 201. i really thought we were going to be at 220. we're not. at 181. i think you have to say let's wait a week or so. >> what level would you say -- >> you know, it's hard to say now. now you don't have a lot of catalyst going forward. your next catalyst is going to be the tape. if the market cooperates, you

can grind higher. but it's a great story. now i think you have to have it on the sidelines. >> i've got to come to this guy's defense a little bit. >> but he's been right the whole time. >> but listen, i think the mistake is this thing was at all-time highs. it was priced to perfection. the stock just rallied 10% in the last couple weeks. so the it's going to find the level. you know, i just don't think you buy stocks into potentially volatile events. >> the stock is up 11% in the past month, but is now the time to court the auto maker? ♪ now that we found love what are we gone that do with it ♪ >> let's play an engaging round of "date, dump, or marry" with general motors. dan, date, dump, or marry gm? >> i would love to cheat on gm

and get a pullback. that is so much sexier than multi-highs. so i'm jumping gm. >> okay. >> i'm looking for a car company that's sensitive, has a sense of humor. >> take long drives. >> ultimately, gm to me is a marry. right now it's a date. i love what the big three are doing. i am married to fiat right now and i think that is the best of the three. chrysler was actually making better cars. i ultimately think this is a very cheap deal that they're going to get out of the pension plan. but right now, gm to me broke through technical resistance at 30.65. the stock has a lot of volatility still. >> karen? >> i'm married to gm. >> you're the marrying type. >> i am a marrying girl. you know, the jewish girl. so i married. i was pleased with today. but i've been through some ups and downs with this name.

>> very committed. >> i'm committed. yeah. >> guy? >> yeah, this is not how i have led my life, or lead my life. >> just for the trades. >> i'm going to date it for a while. >> it's a good thing, because we weren't sure, guy. >> all right, continue. >> this is a date for a while until something better comes along. not that i operate that way in real life. >> again. >> again. but i think the tape favors gm right now. the quarter was solid. they seem to have the wind at their back for now. but if the back half of this year shakes out the way i think it will shake out, you're not going to be wanting to marry this sucker. >> a platform coming up -- >> well, that's what makes -- see, that's why you're attracted. it's why we can coexist. >> what do you mean by that? >> i'm not sure. >> but i understand. >> i definitely think this is a date. the valuation is attractive. auto sales basically have been pretty strong. take a look at what ford was just saying earlier today and

yesterday. they've got their plants running full. they're going to be running people at overtime. general motors has the same story. but like an airline, you never want to marry one of these things because things turn south very badly. i think you want to date gm here. >> fun game, right? >> we should try. >> let's move on. u.s. banks stocks have struggled to gain traction lately. the surprising area of strength in financials has come from europe. take a look at this. deutsche bank up 10% in just the past week after announcing a secondary offering. goldman sachs is down 1%. should you try to continue to bet on this european bank rally? >> well, i think in the case of deutsche bank, you sell it here. i think you can short it here on a short-term kind of technical move or a quick date. or i think you can also structurally say that european banks -- even deutsche bank are going to have to raise more money. ultima ultimately, deleveraging and raising capital are painful things. balance sheets and painful for

their earnings. what's deutsche bank going to do? they'll have to lighten up, which is easy money. this is cash cow for them. ultimately, dodd-frank and what the fed are trying to do, which means all european banks will have to create another banking entity above their u.s. business to be regulated by the fed, which means that they will all have to raise more capital. and i think right now, you take this basically 10% move before the 10% move, and you sell deutsche bank and you see a lot of great news priced in here. the ecb told you today that things are very difficult there. >> let's move on. the big movers of the day. we've got a pop for ing, up 7%. >> the ticker symbol, voya, i'm not sure where that one came from. this thing obviously was an appropriately placed ipo, unlike some of the other ones we've seen recently. i think this is probably an okay stock. >> down 6%. >> this stock is down 50% on the

year. reported earnings that appeared to be better a couple weeks ago. down 6% today. just exposed to emerging market growth that doesn't seem to be there. this one is probably a do not touch for a while. >> a pop for church & dwight. >> fitting name after the last game we just played. this says everything you need to know. fine, not great. continues to chug higher. a name that continues to go higher. >> a pop here for visa up 6%. >> this was really a pop for yesterday. they put up good numbers last night. record card spending. a good day to put up good numbers the night before. a little bit of reversal for mastercard today too which too it on the chin a little bit yesterday. >> a drop for walter energy. >> pressure still on for these guys. their capital levels are at risk here. people think they will have to raise more stock. >> we got a pop here for summer

jobs. looking for something to do this summer? well, the government of norway might have a job for you. a position has opened up as a polar bear spotter on a remote norwegian island. the ideal candidate has a loud voice, capable of scaring off bears who get too close to researchers. but don't expect to wear a bathing suit this summer. the average july temperature in the region is just 40 degrees. >> hey bear! how was that? >> that's a summer job i'd take. >> really? >> yeah. >> wait, were those researchers in a truck? so they still need the bear caller? >> i guess so. >> you'd think there was an app for that. >> i was talking to whales in a a summer job. >> why "iron man 3"'s hot debut in china is a double edged sword. we're going to talk about solar stocks.

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plant something thorny. buy another lock. and, of course, talk to farmers. hi. hi! ♪ we are farmers bum - pa - dum, bum - bum - bum - bum ♪ welcome back. let's get an update from linkedin's earnings call. >> linkedin's ceo just finished his comments. the call started about 13 minutes late, which is quite unusual. the stock taking a hit because of the lower projections for their q2 results. the focus of the call is how they're investing in growth and seeing a lot of success with

their new products. the ceo spoke a little bit about how they're trying new things, like a promoted content thing where they allow brands to have their first sort of promoted content ads and how that's gotten some good early traction. also talking about the overwhelming success of the iphone and the ipad platform. they're seeing a lot of engagement, increased engagement. people like the changes they're making. let's hit nat gas today. better than expected invento inventories. is nat gas running out of steam? >> the injection was about 46 billion cubic feet. that was at least 30% more than the market had been anticipating. if you're going to continue to see these types of injections, then obviously what that's ultimately going to create is a little bit of a supply glut later on at the tail end of the injection season, so you would expect to see the futures trade lower and they certainly did.

shares of solar products maker sun power shining late in today's session. the company releasing earnings a little bit early. will this lend more energy to solar stocks which have already rallied this year. joining us, an analyst at raymond james. great to have you with us. >> thanks for having me. >> did they say anything that you can extract life to other solar names? >> the answer is no, and here is why. this company has really morphed into much more of a project developer as opposed to commodity manufacturer. and therefore by beating a relatively low bar that they set back in february, essentially what they did was they brought forward some project related revenue, and as a result, margins were also better than expected. by definition, these are the company's own projects. there is no direct read-through

for solar, for example, or any of the chinese solar companies. but they certainly had a good quarter. i give them credit for that. but it's worth noting that even in what is a headline beat, they still lost 46 cents a share on a gap basis. so through the magic of non-gap accounting that turns into earnings of 22 cents, let me put it this way. would break even. it's hard to argue against that. >> overall, in terms of your view of the sector, i understand that you think that generally stocks are overextended at this point. your top short is for solar. it had an analyst meeting at the beginning of april, so it had a huge pop there. is it still a good short idea at this point? >> absolutely. and in fact, our downgrade for solar came two weeks after that analyst meeting, after the stock ran up by more than 50% in two weeks. very simple. what they did at the analyst day is they took some revenue that they were going to start

recognizing in two years and they simply brought it forward. it was accounting gimmicks. accounting tricks. and, you know, the market liked it because revenue is revenue. but there is no fundamental change in the business. they still have the same project portfolio that they did before. it's just that on one of their biggest projects, one of the biggest solar projects in project history, they agreed to start recognizing revenue two years ahead of schedule. is it a gimmick? well, you be the judge. but they're just pulling that revenue forward. trading it close to 20 times what i would argue is a normal earnings number. >> last quick question. what is the percent probability of the mlp parity act passing, which would then allow some of these solar companies to become m mlps? >> i spent some time in

washington in january. based on those conversations, i'm not optimistic. not because there is any ideological opposition, necessarily, to renewable mlps, but simply because this is such a technical narrow topic for most members of congress. and unless there is a grand bargain tax reform package, i just don't see this happening in the current session. >> pavel, thanks for your time. >> thank you. >> for solar, monster shortage here. >> yeah. they report on monday, i believe. and the stock has gone from 25 to 46 in a month, month and a half. you have to have a level of -- i'll use the word temerity. i was going to say something else. so i don't know, it's not for the faint of heart for sure. i understand what he's saying. probably could have made the same short argument $15 ago on this stock. you have to be careful here. >> i think the mlp argument,

that you absolutely fade. solar installations are majorly delayed. >> we will be speaking to thomas werner on "fast" may 15th. and whether or not the mlp parity act has a shot at passing. coming up, there's one thing that has not changed much about housing company since the bubble burst, but one analyst says that could be a good sign for the housing market. we'll take a deeper dive into that story next. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine.

welcome back. are you laughing because you hate that song? >> it's not one of my favorites. >> i can read that all over your face. >> aig is what we're watching. a big beat after the bell. expecting eps of 87 cents. aig clocks in at 134. revenue a bit light. the ceo talking to maria bartiromo earlier saying that

aig's first priority is to use capital to pay down debt. second priority, returning some of that money to shareholders. melissa, back to you. >> thank you, josh lipton. nice pop after a nice run in the stock. >> a really nice run in the stock, but we've seen a number of insurers do very well. aig also has the added restructuring that they still have an infrastructure that supports a very different business, so there's potential upside there. the valuation, the price to earnings, cheap. >> stocks only down $990 from the all-time high. that's all. >> what's that on a percentage basis? all right, housing recovery. one of the bright spots in the economy. home building stocks continue to lead the market higher. one spot where home builders are not shining is corporate bonds. how healthy is this housing market? let's take a deeper dive into the home building credit markets with bob currin.

great to have you with us. >> great to be here. >> who has it right at this point? do you think it's the credit market telling the true story? >> to tell you the truth, the two entities have sort of different objectives. in the case of the stock market, they're reacting to the significant improvement off the bottom in terms of volume and profitability. in the case of the credit markets, it's a little more complicated. we're really looking at financial stability and obviously in the end, the ability of the companies to repay their debt. >> why do you think that the ratings are at pre-crisis levels at this point? were they good pre-crisis? >> pre-crisis, they were very good, actually, for the public builders. higher than they'd generally been in the past. it was an unusually strong up cycle that was experienced, and the rating agencies had to reflect that to some degree. on the other hand, this

correction has been much worse than anticipated, and hence ratings have come down rather sharply for a lot of the credits. >> so mr. curran, how long can the bonds trade independently of the stocks? have you seen this phenomenon in other sectors or is this sort of specific to home building right now? >> well, what i was alluding to was the ratings. the actual bonds themselves have traded very well last year. really from roughly mid year to the end of the year, and have been sort of treading water since then. so there was some anticipation, and i think it was particularly reflected in some of the very weakest credits, as investors felt that it was much less likely that they were going to default. >> so why don't you bottom line this for our viewers out there. is there an opportunity in investing in specific issues? i mean, are certain home builders, the bonds are not reflecting how healthy they actually are, so there's an opportunity there for investing

in those? >> i think there probably is. the question, of course, is how long and vibrant this cycle is going to be. i think it's unlikely it's going to mirror the last cycle we went through, but the typical cycle certainly exceeded a million to five housing starts at a peak, and there's a long ways to go to approach even that statistic. so the bonds early on reflected enthusiasm. i think it's a question of the builders actually producing the numbers to support better valuations ahead. >> all right, bob, thank you. bob curran. where do we stand in terms of the home building trade overall? >> well, we've expressed it. >> i think you attack it through materials. these are guys that first of all, over here, certainly in eastern europe. the better part of the trade and

the better valuation in this trade. >> home depot has been -- i mean, now it's north of 70 bucks. we started talking about this with the 20 handle. and even here, if the tape is benign to decent, i still think home depot is the best way. >> i don't like the actual home builders. when you look at what they're expected to earn this year and where the stocks are trading relative to precrisis levels, they have a lot of wood to chop, so i think the stock's actually discounted. there are better ways to do it probably through autos or material guys that tim just mentioned. >> mike coe is watching dupont. mike? >> it was very interesting this morning actually as the market was trading about sideways. what we were seeing was the stock actually traded off as investing began. and later rebounded. but before it did, one of the big trades we saw was a buy of the june spread. they paid about a dollar and a quarter for that. what's interesting about this is

the stock right now is trading very close to its 52-week high. the 57 putz actually are about where the stock was trading before it had this most recent rally. that's right about this level right here. this is somebody who sees that the stock could possibly pullback. one of the things they talked about was they weren't expecting a great deal of revenue growth. what they're really looking for is margin expansion. >> all right, mike. thanks for that. in terms of chemicals -- >> with the lower gas prices, i think that's favorable in the chemical space. that would be a huge move for dupont down to 47 from where we are now. so you have to wonder what the catalyst is to get there. it's either going to be a tape that sort of falls away from where we are currently or something else that i can't put my finger on. so that's a huge -- 53 to 47 would be a huge move for dupont. i sort of still like the chemicals here, so we'll see. >> jane wells will join us with a look at what is ahead on "fast." what's cooking? >> melissa, intel goes inside.

date, dump, or marry? who the heck is dr. ruth? america will find out. and what does melissa lee have in common with warren buffett? find out when "fast" comes back. [ 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. ♪

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from mobile devices to medical marijuana, we got you covered in the old west coast wrap. jane wells joins us from there. jane? >> hey, melissa. intel inside for the new ceo. the company is promoting brian. they promoted another ceo to president. renee james. she engineered the mcafee acquisition. she becomes the highest ranking female executive ever at intel. >> you mentioned mcafee. i'm glad you did, jane, because this has been a stealth rally here on intel. it had no business moving the way it has. amd has had a couple days. all of a sudden intel has had a week or so or actually longer than that where it's moving higher. i can't put my finger on it, but maybe there's something, maybe mcafee is kicking in with all the craziness out there in cyber

security. like that? >> the craziness of mcafee. i don't know. >> or that. >> yeah. you can see, by the way, on to our next story, you can sees ty spark tomorrow. estimates topping $21 million. there is a different version in china. yahoo! news says it's four minutes longer. it's filled with product placement. there's even a special added character dr. wu who reportedly chugs a special brand of chinese milk in one scene. we will not see him in the u.s., unless we pirate the chinese version of the movie. >> oh! >> what a strange twist of fate that will be. >> yeah, really. >> i think it's genius what disney did here. culturely, getting into the chinese audience is not as easy as a lot of american firms have seen. even apple is having issues with this. either all of these guys need to be trading at new multiples or

this stock is very expensive. >> all right. finally, twitter has jumped the shark. why? just as melissa lee joins, she is joined by warren buffett. okay, warren buffett's first tweet today. warren is in the house. he already has over 363,000 followers. not quite bieber standards. his second tweet was why women are key to america's prosperity. to which i say duh. >> i second that duh, jane. and also, guys, we were talking about how many followers we thought warren buffett would have in 24 hours. any guesses here? >> i think he's going to be over a million very quickly. >> i think easily that. >> over a million? >> yes. >> i don't think so. >> how many does bieber have? >> let's throw this down, jane. >> he's got 163,000 now. maybe five or six hours. i'm going to say 400,000.

>> i'm with jane. i'm always with jane. jane can say anything and i'd agree. >> over a million by the end of the month. >> @warrenbuffett, by the way, his handle. my handle @melissaleecnbc. had to sneak that in. thank you. @janewells. coming up on "mad money," tonight the ceo of allergan sits down with cramer. could this be the right medicine for a stock that went south on other disappointing data? the mad money exclusive is coming up top of the hour. that's must-see tv. coming up next, you asked us questions on twitter and we have got answers. get the trades off the tweets when we come back. [ male announcer ] at charles schwab, we've committed to setting the bar high

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the good, bad and the ugly. first, the good. back in february, karen gave her opinion on coach. here's what she said. >> i'm always a value girl. so i like to look at that first. coach, to me, is a really

interesting value proposition right here. we haven't seen this multiple on coach for years. >> that was a great call. >> was that a good and a bad together? >> lovely. >> all in one. >> yeah, that was a fortuitous call. coach had bad multiples. too cheap. it's a different story. >> now on to the bad. in april, karen weighed in on microsoft at the release of research data on slowing pc sales. here's what she said. >> microsoft, you know, got lucky because the lack couple days have been fantastic. haven't seen that in a while. those 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. have a nice run. sayonara. >> microsoft has continued its run. the stock is up another 9% since that call. >> i didn't know it would be like four hours until that sentiment changes and that microsoft would be -- i mean,

that kind of run from microsoft -- >> that's a 1999 run. >> yeah, it's gigantic. that's painful. i don't even know what to say. although the pc sales being disappointing. >> i actually think with the stock trading at multi-year highs here, i think the valuation, which looked attractive at like high single digits with that yield and 3.5% or something, it looks less attractive. to me, i think $33 could be an awesome opportunity to let go of tha or possible shorting. some of wall street's biggest players have started wearing beards. there's carl icon, ben bernanke. we wanted to see what dan would look like with a soul patch. >> interesting. >> i've seen guys like dan icahn

walking around on the streets. >> looks like john wilkes booth. >> that's quite a flavor saver. >> let's get some of your tweets today. this one's for you. how about british petroleum on the recent move in volatility oil complex, 4.9% dividend right now. >> i think there's still a lot of risk that this stock does have liability. so i think you use it to your advantage. >> dan, 5% move in facebook seems more like relief than conviction. seems like the line in the sand. do we go higher or lower? >> i think that's a great question. i think the stock is probably going to be ranged badly. >> can we make the lips move? that would be awesome. >> what is the one thing that the street and investors care about, monetizing mobile. they showed 30% of their ad sales from mobile that was better than expected. so could the stock continue to move and work up to this $30

level? yes. i think there's a lot of resistance there. >> i wish we could make the lips move. >> that was a street fight. >> that was colored in with black markers. >> what is the difference? you seem to like maritime better. why? >> they're two totally different markets. thanks for that question. dry ships is in a totally different space. he could be in dry bulk. that guy could be in dry bulk. is that where you want to be? >> i don't want to be there. >> dry bulk is coal. maybe that turns. but for me nna is product tanker shipping. that's where i want to be. i think we've seen a stabilization there. nna has done some smart deals. i like it. it's a different animal than dry bulk. >> all right. and this one's for gabe. buffett created a twitter account for recon, to buy it? >> to buy what? >> twitter.

>> what do you mean? >> verizon or comcast? mike? >> i think of these two, i'd have to go with comcast. it seems like these two companies have a lot in common. there is some in common, surely, but of the two, obviously got the secular tail wind for broadband. and obviously the content, i'd go with comcast here. and obviously something very funny going on down there. >> just quickly, now that i'm on twitter, i'm watching the twitter feed. somebody just tweeted the me, leave dan alone. do it to tim. >> thank you. >> more when we come back. ♪

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the ocean gets warmer.

the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. final trade, mike. >> it's had a heck of a run. it's time to sell it. >> guy. >> karen. adt. >> dan nathan. >> iwm here. >> that's the best picture ever. >> so good. >> i'm melissa lee. see you back here tomorrow at 5:00 for more "fast money."

"mad money" starts right now. . my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market in summer and i promise to help you find it. ""mad money"" starts now! hey, i'm cramer, welcome to ""mad money."" welcome to cramerica. my job is not just to entertain you, call me, 1-800-743-cnbc. it's always darkest before the dawn, a fact of life. and if you want to know why this stocar