cause a problem. i expect some volatility going forward. let the market come to you at this point. don't celebrate this rally just yet. >> thanks so much for that. for more action, stay tuned for options action at 5:30 after "fast money." >> that's it for us on "closing bell." thank you, have a great weekend. always fun having you on. >> time flies when you're having fun. "fast money" starts right now. ♪ school's out for summer >> that's new york city's time square. let's get right to the big story. fast is falling tonight. half baked. we are officially halfway through the trading year. so far, so good. the best first half since 1999. there are some areas in the market that have been left behind lately. are any of them a good bet for a snapback in the second half of the year? tonight we ask, if forced to

choose, which of these three, the lousiest trades of q2 would you buy now? >> in my younger days, half baked meant something much different. but we thought apple would trade on the three-day percentage for a while. trade another 388 today. i think out of the three things you put forth, i think apple actually technically looks as good as it's looked in a while. you traded against 385. you seem to have a little bit of a double bottom here. maybe it catches a break. a real shot for an outside day today. but i thought technically for the first time if a while, did what it needed to do. >> you realize why we chose those three. aside from the fact that they have been lousy trades for q2. apple represents a stock that has been technically challenged. and then the threat of inflation or deflation, home builders, maybe a verdict on where you think interest rates will go. what do you say? >> well, of those three for me, it's gold. look at how much it's down, number one. and gold really is sentiment driven. people talk about how do you

value gold. well, it's supply and demand, but demand is a function of sentiment out there and i think sentiment has really gotten overdone here. you look at what happened to the gold miners today. they absolutely ripped over the last couple days. you'll probably start seeing some of these gold miners maybe take some of the supply off the market, so that's obviously positive for supply side story of gold. but then look at the kind of public commentary out there. rick harrison, pawnshop guy. love the show. big fan, big fan. big hoss. love them all. here's my point. talked about how they wanted the sell gold. at the same time, he's having a tough time getting physical gold. to me, this is the place you want to start buying gold. that's all i have to say. >> you also like gold. >> i think around 1,200, there's a ton of gold projects that are taking off. we've already started to see it. but it's not everybody. you have to pick the guys that

are not in danger of a balance sheet erosion. guys like newmont who traded one times book, traded two and a half times book before the fed started easing. pre-qe, this was a much more expensive company. this is a company that ultimately i think is going to be on the inquisitive trail. had a huge writedown. a lot of these guys are paying the piper. they're focused on margins and cash flow. this is very good. so the minors, not necessarily the metal. and 12 to 18 months, you're going to have a major squeeze in physical supply of gold. this is something you watch, you don't necessarily price it in tomorrow, but part of the backdrop that means the worst is over for these guys. >> shouldn't we be worried about credit rating downgrades for gold minors as they are factoring in too rosy a forecast for the forecast of gold? >> for some, and probably the junior minors, but that again takes some of the supply.

i get tim's point. but for me -- >> that's not going to be an issue for a couple years now. the market dust forecast a little sooner. the way i play it is gdx. i get to play best of both worlds here. i would rather buy apple because i'm already low on gdx. can i play it that way? >> no. >> wait -- >> this doesn't make sense. >> right now, apple is so consensusly out of favor, they still dominate so much, you got to figure this thing is going to bounce back. >> technical basis. >> what level does it have to hit? >> level 390 was the level i had to flirt with. it did, we start to rally our way back up to the 450 range. >> we phrase a question forced to choose, you would pick one of them. so i'm just curious, because these two people down here like

the minors. >> he likes the metal. i'm not sure what steve likes. >> that's not fair. >> you know, what i find interesting -- let's look at barrett for example. they were the last mine to buy back their hedges. they did it when dollars was a thousand dollars an ounce. in the course of that time, gold rallied some $600-ish, and the s&p rallied 500 points-ish. baric at the time was trading 50. they had a new 52-week low. so my point is under what set of circumstances -- i mean, you had the best of both worlds for mining stocks, seemingly. market going higher, gold going higher. >> these guys have a lot of good money after bad projects. as gold started to break down,

these guys were very vulnerable. they made acquisitions with gold prices at $16 an ounce for companies that weren't worth that. >> so let's go bigger picture here. i do want to get the bottom line here in terms of what people did and did not like, just in case you missed it. bk likes gold and gold minors. the world is your oyster. what would you choose to kick off the second half? so guy. >> volatility. we talked on monday when the market washed out, we said it held exactly where it should have. the s&p should rally back to 1620. if you look yesterday, i believe the high yesterday was 16990-ish. so it got exactly where it needed to do. i think there's a chance it failed there. i don't put a lot of merit there. but i do think volatility is going to reign today. to the extent you can be long fallen, i think that's where you want to be. >> what do you say? >> we talked a little bit about the gold minors.

i like silver in there as well. most importantly here, you want to watch body yields. and as we go forward and gold and silver plays into this, probably going to be looking short dlt, buy tbt. i think this trade is broken, and i think over the next six months, you're going to see some real pain in there. >> ambassador? >> in the very first term, i said this monday and people looked at me like i had three heads. markets were oversold. fund flows in june, the highest outflows ever on record. in the sholonger term, you can europe under more pressure. i think the european financials still have this deleveraging too bare on their balance sheets. i've been saying this consistently for six months. and somewhere around 8450 on the dixie we breakthrough.

>> how do you reconcile emerging markets? >> the minors aren't trading with the gold price anymore. below $1,200 an ounce, you've taken a lot of supply offline. these guys have proven that they need to make cuts. newmont cut 33% of their staff. >> i do like materials. depending on where rates are going, i like materials. if rates don't increase, i'd rather play with materials. if they do -- i'm a little perplexed here, so i'm going to go utes, materials, tech. they're too opposed, they're too juxtaposed here. if i like the utilities, i can't really like the materials. [ jeopardy theme playing ] [ laughter ] >> i like santo. i like southern. i like google. i do like to wait for a retest.

>> okay. let's move on to the biggest movers of the week. a drop for walgreens. >> yeah, tough space this week. they weren't that great. but when you have jp morgan came out and defended the stock. i think for the short term, it's probably found a very short term bottom. so if you need to get out of it, look for a rally. >> cable vision, big pop for the week, up 12%. >> could i have companies that might be an acquisition target for 500, please? that seems to be going on. you had james dolan talk about he'd be potentially listening to offers out there. john milone talked about the same thing. cable vision a couple times. i think it's a buy. >> a drop this week, down 8%. >> the arm that they have with cole is a little bit too much of a wall for me to conquer. if i had to play this space, i'd go eqc.

>> tenant health care up 10% this week. >> this week. tenant gets the daily double, guy, because this is a stock that was out buying the vanguard. vanguard also goes up. both of these stocks taking advantage of the affordable care act. tenant is looking to increase their footprint and it's working. coming up next, blackberry getting take on the the wood shed today after missing both the top and the bottom lines. so is the smart phone maker past the point of those excuses? don't throw the name away just yet. he'll tell you why after this. and later, one big box retailer booking gains of more than 130%. our last top stock of 2013 and we'll give you the big unveil right after this. tdd# 1-800-345-2550 and the streetsmart edge trading platform from charles schwab tdd# 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd# 1-800-345-2550 i can even access it from the cloud tdd# 1-800-345-2550 and trade on any computer. tdd# 1-800-345-2550 and with schwab mobile, i can focus tdd# 1-800-345-2550 on trading anyplace, anytime...

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♪ more than a feeling take a look at what happened to ibm in today's session. this after the earnings out for the year. a forecast for the first quarter. and, of course, when you hear about this with accenture, the concern here is what does this tell you about ibm's quarter?

>> well, if you look at when ibm reported, their quarter wasn't great way back then. stock was trading around 192. ibm was a beneficiary. now i think it's all playing catch-up. so i think it tells you that maybe last quarter ibm wasn't a one off. maybe there's still some danger signs out there. maybe the stock breaks down through this 190 level. i know we had a street fight recently about it when it was 204. that's what i thought then. so ibm at 190. be a little careful here, folks. >> blackberry getting rocked on disappointing first quarter earnings. they shipped just 2.7 new blackberry devices. can blackberry ever recover? let's go around the horn here. tim is the bull, bk is the bear. so 90 seconds. >> i'll do the bull here. my call here is this is a company that the expectations going into this quarter were wildly won all over the place, and two, too high. they've grown shipments.

they've grown sales quarter over quarter. the b-10s are not bad. the q-10 is i think where they've got the niche, where they have all their loyalty based and where i think they're going to continue to grow. black ber vi not going to be challenging samsung and apple. it's about holding on and about developing cash flow. ultimately, this is a call where a stock has fallen 40% today. this is an opportunity not tomorrow, but next week when the institutions stop selling. you start nibbling for a stock that was way overhyped. >> hold on, let me pull out my playbook and take a look at what tim just said. oh, they don't even make those anymore. that's the problem with this company. they just can't execute. wasn't really down 10% today. priced in. i don't think so. they have a lot of great technology here, but they just cannot execute. we get all excited about apple tying to make their way into the car. well, you know whose software is in every single new ford out there?

blackberry. but they cannot execute at all. this company is all steak, no sizzle. until they change management, you cannot buy the stock. >> this has been in the stock for the last year. >> and it still goes down 10%. >> if everybody knows it, why sit down -- >> this thick is worth ten bucks. that's at the bottom, bottom barrel. >> can i ask you, why was it down 10% if everybody knew all these problems. >> the stock was down 30% today, because one, they lost money. people thought that they were actually going to make some money in this quarter and this is a company that hasn't turned it around. this is going to be a much longer turnaround. i mean an extra quarter and a half. but for people to have thought these guys were going to sell three and a half million of the new units, which is what people wanted to see, they came in significantly below. >> they don't make a product anybody wants. >> another buzz here.

>> well, it's important for me to say that i've been completely wrong, i've been in the tim camp, you know, $6 ago. i got to go with my fellow georgetown hoya classmate. >> take a look at the bottom of your screen. this is the story that we continue to watch. this is the latest in the look into steve cohen's hedge fund. quickly tell us who you thought won the street fight. change gears here, we are again halfway through the calendar year. profiling the hottest stock clips in 2013 with analysts at the top of their game. so today's stock is best buy. it has gone from worst to first on the s&p 500.

so how is the second half shaping up at this point? our next guest is a five-star rated best buy analyst. let's welcome anthony, it's great to have you with us. >> thanks for having me. >> what are the catalysts going into the second half? >> it's a few different things. the first is cost-cutting. the company is way ahead of their original cost-cutting targets. we think there's more to come. the second thing is things they're doing in the store. it's basically like the apple store, but with samsung products, dedicated samsung employees, better trained best buy employees, and now they're doing the same thing in the pc department, the microsoft window shots. we are going to have a new video game console cycle. that should certainly help. there's a lot of positives going into the second half. >> in terms of the store within a store experiences, do the buyers who buy something at samsung, do they have to buy other things at best buy in order for your bullish thesis to work out on these stores?

>> not necessarily. i mean, certainly, look, that's part of the game, right? when you sell the product, but then you sell the accessories and those tend to be higher margin. but the key to that is you have to sell the product first. if best buy can improve the conversion rate on a samsung galaxy, on a microsoft window, even a microsoft pc software, that's a very good thing for best buy. >> last quarter they beat eps pretty significantly. was that a one off something to be concerned about? or going forward, does it look like -- i mean, should that revenue miss concern me? >> not terribly. this is a company that's in transition right now. there's a lot of moving parts. a lot of balls in the air right now. con ken sus, that's awl kind of all over the place. i'm more concerned with the progress that they're making in terms of cost-cutting and in terms of rolling out the other initiati initiatives. >> thanks so much for your time. we appreciate it. would you buy best buy? >> actually, probably would.

i'd rather see it have a little bit of a pullback. anthony made a great call here. this company was left for bed. nobody wanted it. everybody talked about their getting killed by showrooming. they're actually doing a really good job. >> how much of this has been pullback. >> i don't know if i would buy it tomorrow morning, but i'm a little bit of a pullback. >> people understand that they cut cost and factored in the showrooming element. i think this is a stock that if their margins are shrinking, this is the part of the thing that people aren't really factoring in. it's going to be very difficult. it's not going out of business. i think people were writing it off six months ago, but you don't need to buy it here. >> first, tim is right on this one as well. here, you know, a lousy day today. had a huge run-up. i think you're going to get a chance to buy it cheaper than this. when i say cheaper, i mean probably lower. coming up next, our viewers have got questions on everything, from one high flying

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what will the third quarter hold? let's go to julia for the latest. >> here's what to watch for in the social sector in the quarter ahead. every social company will focus on mobile. pushing to keep the growing number of mobile users engaged. instagram will be in the spotlight. on the heels of the launch of its video sharing service to rival twitter's vine, investors are waiting for the total service to launch ads and start making money. the other hot topic, acquisitions. after yahoo!'s billion-dollar acquisition of tumblr, what's next? they could be snapped up by tech or social giants. you tweet it, we trade it. this one's for beakers.

hey, bk, could it be back on after this morning's comeback? >> i never took it off. i rode through all of this. i think monday morning you can be short. just be short. >> tim, what about ultrapar or petraboss? is there a better play? >> i think, first of all, with the eemv is the lower, and being a much better return, as they said. how they're going to hell in a hand basket. 40 on the e.m. is what i like. i wouldn't touch it. i would not get long. >> so the eemv is the etf attracts eem of volatility. >> it strips out a lot of the state-run companies. it's a better way to invest in the truer emerging companies that you want to own. >> okay. >> this one's for guy. guy, what up.

thanks 4 bringing back fast fridays. you're welcome. >> we talked about psx is going to trade its number, 66, it did that. and then pretty much all bets were off. if you want to trade from here, trade it down to 57 back in april. we made another retest of that recently. i think the stock made its move. i think now you just sort of flipping a coin. as long as that 57 is in place, you're okay. >> all right. and this one is for gosso. how will high fliers do in earnings? >> i think earnings are going to be challenged across the bard. linkedin has been a winner. i think high fliers are going to be the ones that get gouged when the market comes back in. so i would wait until mid to late july, even to start nibbling on these high fliers. >> here's the last one. who decides rosso's tie? >> easy, buddy. this is my daughter emily and maggie. now what, wise guy? >> is it stained? >> it does look -- >> it looks very stained.

>> i can see that from here? >> you know what? >> the boys put the stain on it. the daughters chose the tie. >> the currency markets, where it's at. vietnam, they devalued their currency today. i would short the australian dollar. >> use it 95 stop. >> guy? >> yeah. listen, i'm away next week, so i want to wish everybody happy 4th of july. how's that? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪

it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. in that time there've been some good days. and some difficult ones. but, through it all we've persevered, supporting some of the biggest ideas in modern history. so why should our history matter to you? because for more than two centuries, we've been helping ideas move from ambition to achievement. ♪ and the next great idea could be yours.

♪ next, where will options traders put it now?

this is "option action." gold has its worst quarter on record. but a way to turn pain into your gain. plus, will karl bid for struggling blackberry? dan aiken talks about a potential takeover. and think apple is going well below $400 a share? you better listen to scott nations because he's got a way to double your money in apple if