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tv   Fast Money  CNBC  August 27, 2013 5:00pm-6:01pm EDT

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for the outlook. they're up against easy compares with the big sweater miss from last year. chicos a weaker quarter. heavier promotions. we're two cents below consensus eps so looking for a weaker result. >> that's it for "closing bell." thank you for joining us. thank you, kelly. see you later. >> thank you, bill. have a great day. >> "fast money" is right now. >> bill and kelly were right because arrive from the nasdaq market site this is "fast money." i'm brian sullivan in for melissa lee. what a day. let's get stray to tight to the story. the treasury yields drop as people buy bonds.
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investors have plenty to worry about from turmoil in the middle east to the fed's exit plan and even our annual possible gridlock in washington as we near another debt ceiling. but of all those things, which risks should you be the most focused on right now? we're breaking it down with tim, josh, guy and mike khouw. before we do any of that let's get to mcc, michelle ka brar row with how u.s. involvement in syria could play out. >> chuck hagel making it pretty clear today, brian, that, in fact, it's increasingly likely that there will be military intervention when it comes to syria because they have crossed that red line. he believes there has been a creme cal weapon strike and it was the regime that did it, not the rebels. here's the questions you have to ask. if the u.s. does get involved, what kind of strikes are they go to do? most likely targeted as we
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listen to what the administration was saying today. how many strikes, how long. the rebels would love a very deep intervention, something that would destabilize the regime, shift the balance of power. they're not going to get that. jay carney, the spokesman for the white house said it's not regime change. the markets, you talked about it when it comes to gold, bonlds, et cetera. oil is the big issue we've been facing. this wti rising even more as a result. why? it's not because syria has any oil. it's because syria is next to iraq which has a pipeline that runs through turkey, a little bit edge of syria and there are concerns there is continuing unrest in syria leading to continuing unrest in iraq you would have a certain about the supply. iraqi oil production has finally recovered from decades of underinvestment due to the wars but they were either conducting
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or we were conducting in the region. if there was disruption to supply you could see oil prices go higher. ladies and gentlemen, back to you. or just gentlemen. >> thank you very much. let's turn now to the so called gentlemen, our traders. what's the way, guys, to trade this market right now? >> this puts the fed right back on the burner and they're going to have to backtrack on the taper talk. this level we stopped at 1630, the 15 percent correction of that june low down and the recent high of 1709. it stopped where it should have. i think we bounce from here. i think the fed back traction. >> we bounced the last time on the 100 back june 24th before we effectively went into the sfat fear here. it was fed driven and we're exactly the same place. i don't know the fed is paying
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attention to this when we have consumer confidence at five year highs, when the data that comes out is going to be no different, i think, over the next couple of weeks and we get into that meeting where these guys are going to be. ultimately when the defensive trades is where you continue to stay. there are a lot of people nervous about where we were in the market. ultimately a lot of people are questioning where the growth is going to come from even though i don't think the fed gives you back that. >> are you saying september we are often pace of what is expected to be the first of -- i refuse to say the t word, the e reduction in bond buying? >> it would be impossible to do that with debt ceilings talks and with the market sliding to do anything but a little bit of a kiss of a taper. >> just a sniff. >> a sniff of taper. besides that i think it's off the table. there are other pressing things
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going on. >> the fed is not paying attention to emerging markets, they better start. if you think about the asian con tajen in the late 90s that started off the beaten path corner of asia. look at indonesia. the entire country's stock market, it's the fourth most populous nation in the world. >> hold on downtown josh brown. >> this is indicative of money being sucked out of emerging markets. >> let's back that thing on up because i want to ask you this. are you suggesting the federal reserve says the data says we should reduce our bond buying but here's what is going on in syria, other emerging markets, let's hold off. >> there was a paper presented on the impact of what bernanke has said this spring on how it's already affecting the emerging markets. it was submitted at jackson hole
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and very much talked about. i don't think it's that weird for us to think that this is becoming a bigger issue. it's not the main issue. the main issue is number one, we have already telegraphed to the market. it looks much worse to walk it back after the fact so they probably have to do something but i agree with grasso, it should be a tone to show the market that the fed is resolved to begin an exit. >> let's zero on one nation that could be impacted by the events in syria. russia. tim, walk us through it is russia factor. >> here's putin's issue. they had a significant military relationship and economic with syria. two, the spread of islamism in russia is a major issue. putin has to tread lightly here. russia does not like the west into their business. russia is a regional power.
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this is an area that's been thorny for them. n.a.t.o. was created to stop the influence of russia, the soviet union as it was. this is a place where russia is on their own and they have to tow this line. i don't believe that is correct do anything here. if you look at the g 8 this is why this is big news today. the defense minister in russia raised the stakes. he said this is going to be a big deal if you see a western prove vacation. >> russian stock market has the deepest discounts. >> it's not an actual stock market. >> you're knocking the rts. >> what does that mean though, josh? >> it's government sponsored entities for the most part and companies that are puppet controlled. >> every market outside of the united states and europe then. >> there is a reason why russia trades at five times earnings.
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>> i'm not here to defend their stock market but to say it's not a real market is absurd. the impact is on oil. we're talking about oil tonight. russia has a major play in that they're fighting with belarus. lot of supplies go from there to western europe. >> also very geographically informative, this show. markets reacted to the latest news out of syria. david is chief equities strategy at deutsch bank and joins us. i know the market fell today and everyone is like market is in perle. why aren't we down more? >> people are getting excited as we approach 1600. 1600 is really good support, reason why. we're beginning to see glimers of an yupt turn in business
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spending. they know about the fed. they know about the fiscal risks. they wanted to get more upside. >> i like your point which is that when we often get people on and they'll say they love something at a higher price and late it at a lower price which is stupid unless something has changed which then says i need to change my views. you don't view what's going on now as a material change to a market yut outlook. >> dips don't come for free and it hasn't come for free. few risks have been known for a while but something on the back burner can't be ignored anymore and that's syria. we're watching it. we want to see the responses and see what the other responses are toward it around the world. >> we've known that egypt was a problem, now syria is taking the headlines. who what about the affordable health care act, part time versus full
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time, corporate tax rates, debt ceilings. sounds like guys are holding onto their money. >> that's right. all of these things each by themselves is not big of a threat to the outlook but all together i am somewhat fearful it could sour confidence on business spend and we have to wait longer for it to pick up. the way we see things, there should be at least a modest pick-up in business spending which is an important profit driver and we'll get s&p to a strong earnings growth rate. >> we can make an argument that we overshot reese lg to 1700. what series of events because it seems like we're lining up now? >> giant unexpected shocks would be the short answer for a correction or something wroorse than that. having a five to ten percent
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pull back, i think that could occur that business spending still stalled and earnings growth is still flat. >> quickly then, david, your sector picks, where should our listeners put their money? >> stick with financials and technology, a lot of upside. >> can you get more specific? >> i like software companies, strong balance sheet, some management changes. we also like -- >> i think we got that hint. good one. >> we also like energy. energy is an equal weight. i'm encouraged with the way in an environment of rising yields, a somewhat stronger dollar, a normalization process occurring, that oil prices have held up and are proving oil prices. >> one of the stocks higher today was chevron. do you think higher prices can be a good thing for oil companies? >> not only is it good for oil companies but energy cap ex in
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an important part and particularly industrial companies. >> i agree with him on chevron and chevron works for two reasons. first, the higher oil prices and chevron has got assets, oil and gas assets that are not in the middle east. obviously that makes the perception of that worth that much more. this is a high developividend s. it's one of those names people reach for when they don't want the risk. not to mention the fact these stocks have been clocked after the last time they reported in earnings. >> we have a bunch of higher highs and lower lows. conocophillips looks more interesting to me. >> exxon with an rsi of ten is the one to buy. >> stay away from refiners until you think crude is level.
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>> coming up on this action packed "fast money," crude records its biggest grain of the fear on fierce out of syria and russia. just how high might oil go? we're talking crude concerns next. plus home prices and mortgage rates are up. but wait, we thought that wasn't supposed to happen. fannie mae serve vp doug dufrjen with join us. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." [ agent smith ] i've found software that intrigues me.
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. >> you know it was a big market day when we're able to rope bob pisani into coming on "fast money." he joins us because of the fallout continues from the nasdaq flash freeze last week a bit of ati tiff is brewing. >> bob, you're quite possibly the only person in america who can't here me. >> i have been talking all day about this tiff between the two of them over what happened on thursday. here's what i think is going on here. first, the sip. you recall the security information processor. that's the network that carries the quotes and trades for nasdaq. it went down on thursday.
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big issue. the question is why exactly did it go down and that's where there are a lot of differences of opinion here. the nasdaq is saying that the nysc electronic network had a connection problem with the sip and that was a factor in the belowup. specifically there was a matching engine that controlled 300 stocks that briefly went down before 11:00 a.m. when it came time to reconnect to the sip, it had to disconnect and reconnect multiple times and that caused the nasdaq to overload. nyc officials are vishtly app aplek tick about this. they're angry about being blamed for this. they say there is no way that it could have caused the sip to crash. if that actually did happen they're saying there is a design flaw with the sip and it needs to be fixed. what happens now?
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where do we go from here. the s.e.c. has set september 12th as a date to get together with everybody to discuss what's been going on here and the remedies. i did speak with the s.e.c. on background. the usual vague commentary but the one thing i got clear there is going to be a push for written regulations. believe it or not there are not written arreregulations. s.e.c. will be pushing to get the regulations in so everybody knows exactly what's gone on. i don't know what the problem was but the sip is a critical part of the infrastructure and it really doesn't matter if there is a connect tift problem with the new york stock exchange or not. it went down and they need to find a way to fix that. >> bob pisani, thank you very much. >> all right. >> guys, your trade here. these are both public companies.
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>> there is a trade in the exchange space. cme to me has been the most interesting exchange trade out there and we talked about it as rates started going higher. you can overlay a rates chart with a cme chart. cme is going lower. i'm in the camp that rates are going lower than we are, two, two and a quarter handle, i think below two. if you are sort of into the rates going higher camp pushing ten year out to three then at 70 and a half cme is a raging buy. >> if your car is on empty fill it up now. oil surging above a buck nine on syrian fears, russian fear is. let's bring in john.
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syria is not in the top 15 of oil production. its production is cut in and a half because of the on going conflict. syria irrelevant to oil by itself. why though is oil moving? >> oil is moving on those syrian fears even though there is no tangible oil production. look at the map that official let off the program with. it's right in the heart of the oil producing neighborhood of the world, a major pipeline that brings oil from the east through syria, to turkey and out to the mediterranean. on top of it i like to talk about syria and egypt for that matter being the sizzle of this story and libya being at stake in terms of their production falling about $1.5 million barrel today and reports today having them below 200,000. we've basically lost all of libya's production now. >> isn't the iraq production
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coming back online going to make up for some or all of that libyan production going off line? >> as a matter of fact, the northern iraq oil which is 50 percent of their oil goes right through this syria turkey corridor, gets regularly bombed, and the iraqis, thanks very much, undertaking a big maintenance program for their southern facilities. they're basically going to be off line come september as well so we find ourselves in a precarious position in a short term in terms of global oil supplies. >> why again isn't oil up? we've been at these levels before without these conflicts. >> i think we're on the laurj pad right now. this $1.09 area has been stiff resistance recently. you have to go back to march 1, 2012 when we were here the last time and we're ready to go. the other thing is that if there is a strike against syria let's do a retaliation for a
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retaliation. the irans were on the wires talking a brave game. a lot of oil hangs in the balance here. buy now and avoid the rush. >> good analyses as always. tim, 125 a barrel? john said he's oil going there. >> there is actual demand creation and people are looking at some of the industrial growth as coming out of europe. people are seeing actually a turn there. to me this is part of this story also. you're getting some of the industrial players begin to see demand growth and i think people have to pay attention to that side. 125 on oil, i'm not so sure because i do think there is a lot of oil saudi arabia can pump into this market. >> wouldn't that be good for russia? >> ultimately russia is not trading on oil prices here. russia is trading on --
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>> i would take the other side of that very quickly that 125 call. it's not that it couldn't hit that level. it's very tough for me to understand how it tus stains that level. every time we get a geo political oil change, it spikes. we heard that from libya. i really don't think that a strike on syria necessitates some kind of apocalyptic oil scenario. >> when you look at crude moving higher tesla moved right up with crude. i think that was important. if you think crude is going higher, you buy tesla which was an incredible pop after the pop. >> tesla is the anti-oil trade. thank you. coming up gridlock on capitol hill. what a government shutdown could mean for you and your money. up next fanny mae's cheap
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talk to your doctor about all your symptoms. get the blood tests. change your number. turn it up. androgel 1.62%. . >> welcome back to "fast money." shares of tivo up around two percent. one and a half percent after the company reported a surprise profit for the second fiscal quarter and issued a stronger third quarter revenue outlook. subscriptions are up 33 percent over the same time last year to about 3.6 million. the company joined $490 million from a patent settlement with
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sysco systems. at least upside momentum for tivo shares. >> we were just chatting, does any of us use a tivo. i use a dvr. excellent cable company that i utilize. >> i plug my kiss 8 track tape into my exact. >> that was a solo. don't lie. anybody want to trade tivo. >> the answer is you all use tivo. they have sued every cable provider for the intellectual property. ultimately the shareholders of this company are probably betting that some kind of a deal happens, somebody byes it, they don't want to have a settlement. it's like 12 years of matching and waiting for that to happen. >> the housing picture getting more cloudy and confusing.
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the common wisdom is that as rates rise house prices have to fall, but the latest numbers show prices rose in june although the rate of gains did slow down. following latest developments, doug duncan. a lot of people calling for housing boom because of a 4 and a half percent mortgage which i don't get but is it doomed? >> the average mortgage rate since world war ii is about six and a half percent. today's rates are good from a historic perspective. we looked at the last two times mortgage rates to a significant degree to see what happened in the marketplace. that was 1994, 1995 and 1999, 2000. in both ip stances the numbers of homes sold fell or flattened but prices went up. just not as fast.
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you'll see some slowing but it's unlikely unless there is an additional upward shock that you would see prices decline. >> we often forget that inventories also play a big role in where home prices go. if there are fewer homes in the market there is going to be more more bidding. what do you see in terms of transaction volumes? >> you're absolutely right about the sensitivity. we would expect to see the volume are going to level off or slow a little bit, but we've been in the market saying for the last year that housing is on a firm footing. we simply haven't said that it's robust because you still have to see job growth and real income growth before consumers are going to whole heartedly go into those larger long term purchases and investments. >> you touched on it there, when
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you looked back on your studies on what mortgage rates were that it didn't really kill housing. does gdp become a thorn in the side right now? >> we absolutely are worried about that. it means that we're not going to see the robust growth in employment that we need and related to that, of course, the growth in real income. one of the miss perceptions of interest rates and house prices is the relationship of the reaction when interest rates rise. if interest rates rise because of economy is strengthening and real incomes are growing, then that growth and real income offsets the higher mortgage payment for the same size loan amount and housing continues going. >> what if rates rise because the fed simply stops buying bonds or buys fewer. >> that's the variable of which we have no test in past data. the other thing that's different in this environment is in those
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past two instances, consumers in the short run shifted to a significantly greater share of adjustable rate mortgages but in this environment the rules for underwriting adjustable rate mortgages have been changed so you have to underwrite it at the level of interest rates that's the maximum that loan could reach in the first five years. so we expect that will to some degree slow the pace of the market as well. >> doug duncan, a pleasure to get your time. we appreciate it. anybody want to trade housing here? >> the shp chart looks awful, and rightly so. it looked amazing for a long time prior. if you want to do short term there is a 28 level. longer term the april, early march low was 27. i think it's tradeable. buy it when it looks worse and clearly it does now. >> it's head and shoulders all over that chart. i really want to buy them
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because they've come down a lot but they have a lot more to go. >> i'm not as dire was josh but spl despite all this talk, consumers are earning less on their money. 4 and a half percent doesn't mean anything because the consumer is getting beaten down by the fed. >> thank you very much. time to hit today's trending trades, stocks generating the most talk on twitter. gold, the gold minors couldn't get out of the red. >> they lagged definitely behind the metal today. in late june, gold minors gdx outperformed gld two to one. i'm still long gdx. i would stay there. >> apple also generating twitter chatter. pulling back two and a half percent today. it does though remain up 25 percent in the past two months,
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josh? >> i hope carl icahn is -- he might have lost his twitter password i think is the problem. so, look, i think that this stock really just got hit with the market with the nasdaq. i don't think it's anything apple specific but it's a big fat target when you are looking to get liquid you can sell as much of this as you need to. clearly there are people getting hurt in other areas so they turn to apple and know they can get in and out of it. >> as he tweets from his mack book. >> as far as the day to day gyrations in the stock i think the market had more of an impact. >> fedex sharing dropping by more than three percent. >> at 12 and a half times forward earnings it's cheaper than ups. ups pays a much better dividend but that's not why you're buying this stock. two quarters ago was a disaster. people are underestimating their retirement of the 727 fleet.
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now the question is where do you get into this stock ahead of earnings. i think they report on the 18th of september. probably comes in the form of 103 and a half, 104. >> coming up on fast -- >> we are not going to be negotiating over the debt limit. >> it's a bad case of deja vu all over again in d.c. yes, america, we are just over a month from hitting the debt ceilings. how should you prepare for more gridlock. senior policy analyst from arguingen hiem is joining us when "fast money" returns. she loves a lot of the same things you do.
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. >> welcome back to "fast money." we're watching what is happening with the "new york times." the website is down and has been for a little bit right now. what we do know, a "new york times" spokesman says they believe this is a hacking related incident only affecting some users and they can't say how widespread it is. they're working to restore the problem right now. we just checked it again, the "new york times" website is
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still down, so no real trade in the after hours but "new york times" stock may be one you want to pay attention to into tomorrow's trade if this is not resolved. nyt shares certainly in focus. >> the twitter account of eileen murphy, vp of communication of the "new york times" says initial assessment issue most likely result of a malicious external attack. that coming from the vp of communication at the "new york times" as reported by the "wall street journal." the "new york times" itself reporting a possible hack attack. meantime it's not just the so called fed tapering hanging over investor's heads. now we're just 34 days away from a possible government shutdown because of the debt ceiling. no, do not adjust your tv. this is 2013. for more on that we bring in chris kruger. chris, i want to put arsenic in
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my cereal. is this really happening again? >> it is really happening again. i mean, part of the problem here is i think the markets in washington have been lulled into a type of fiscal fatigue since the fiscal cliff from january. we're back at it, the tail risk from washingtoni is coming back and if nothing else washington is consistent on this issue. >> has anybody in congress -- i'm sure you speak to people every day -- realize that as we haven't heard anything from congress in 8 months, the dow is up nicely, jobs are started to be created again, things have gotten better. do they realize if they just stop talking things might actually get better? >> well, you hope so. the other thing, too, with the debt ceiling, i think it's important for folks to really put this into context. this is not happening in a vacuum. it's not just the debt ceiling
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around halloween but you have the obama care and the sques terse to deal with. add the replacement for berne be bernanke and the situation in syria and you have a nasty fourth quarter from a washington perspective. >> i might as well go out in times square and try to rope a unicorn. i'm going to ask this anyway which is, with everything else going on, syria, oil prices up, potential fed taper, do you think there is a chance that the two sides might actually come together and make a deal? >> you know what, there is a small chance. it's probably not better than sort of 20 percent that you get some type of grand compromise to kind of wipe out a lot of these issues. because what we're likely to see by october 1st is probably a two-week or a one-month
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extension of government funding. so i mean, really, what you are seeing here is this endless horizon of policies clips. when lawmakers find themselves on the edge of a cliff what they like to do is build more land. >> great analyses, we appreciate you joining us. i'm going to get rid of the term fiscal cliff and call it the fiscal fiord because they never end. >> there is a j in that. what are you talking about with roping unicorns? >> i'm just saying that what's going on in d.c., we didn't hear from congress for 8 months and things started to get better -- >> do you have your rise above pin? you can take that uptown, downtown. >> the last time the investor was scared it wound up being a buying opportunity.
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it's not going to be debt ceiling. >> do you think it's an opportunity or crying wolf and we all become immune. >> boehner has got a small but determined wing within his purview of people for the 90th time want to repeal obama care as part of letting a budget go through. if they want to play that game they can. i highly doubt that this is going to have the same impact as it had the first go-round because we all understand in the end people who are in power and wealthy will do what's best for themselves and what's best for themselves is go along and get along. >> just stop talking. you know what else has wings? pegasus which are seen in guy's back yard. >> the last election spoke loudly. >> coming up on "fast money," tiffany sparkles, top earnings raised its yearly forecast but
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were there warnings signs in the report, a good old fashioned street fight ahead between those guys. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company."
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it's time. >> tiffany, hovering near
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all-time highs, the jeweler beating earnings estimates and raising its yearly forecast but revenue for the second quarter well below expectations. are they losing their sparkle or will they shine. time for a street fight. tim is our bull. josh is our bear. tim, make the bull case. >> the only argument that's a sell on this stock is that their revenues were light and ultimately you're looking at a valuation that doesn't offer a lot of upside. the reason you want to buy this company after 7 quarters of decline in gross margins, 120 basis points means the jewelry costs are going down. i know the u.s. sales were flat. that's what people are looking at here. worldwide comps were up five percent. emerging markets which josh knows about, 13 percent in china, now 38 percent. this is the global luxury brand. despite what people are saying
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about weakness in emerging markets, look at what coach said, prada said. i'm talking about china and tiffany is rocking it there. it's big time for the the stock. >> i actually think it's a double top in the stock price. everything tim said fundamentally is absolutely true. the overseas numbers are good. the core business in the u.s., the flat comp number was alarming and if you look in the context of what abercrombie & fitch told us and other brands, it's not a good setup for the stock. i think the trade has been made. i think tim is right on the fundamental story. unfortunately, the stock market has voted one last thing. as a trader you learn this over years. when you have good years and the stock can't rally, that's a
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tell. >> this is an inflection point and it had a great run. if you look at the long term business here, this is not a stock you're selling here. >> i think you get a better chance at it lower. >> folks, tell us who you think won our street fight. tweet us @cnbc "fast money" hashtag bull or bear and who wore what shade of lavender slightly better. let's find out how the options market is trading on tiffany mike khouw. >> some of the areas we saw activity were sellers of this, 80 puts. these are people making neutral to bullish bets. i however have probably in josh's camp that valuation of 23 times forward is a little higher than it usually is for this name. seems to me like more downside
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than upside from here. >> mike, thank you very much. coming up in the next hour on "mad money," looking for a piping hot stock? cramer is bringing things to a boil tonight. his exclusive with the ceo of noodles and company and giving his review on netflix. still ahead here on "fast money," the most talked about cnbc moments of the day. plus from spirits to retail, these two stocks sure to make noise in tomorrow's tape. we're going to reveal the companies and why we're looking at those two charts coming up. [ 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.
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♪ all on thinkorswim from td ameritrade. ♪
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. >> welcome back. in case you missed some of today's top moments, here's a rapid fire recap in tonight's executive edge. take a look. >> we're in a housing recovery, at least for the short term. i've always been a little bit less sang win about this one but i got to say housing is a market with momentum and right now it's
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up. >> when was the last time there was a normal housing market then, robert? >> 1960s. >> days of bye witched, great. >> we are not going to be negotiating over the debt limit. what we need in our economy is certainty. we don't need another self-inflicted wound or another crises at the last minute. congress should come back and act. >> do you see yourself as a takeover target in the future? >> absolutely not. the as you say the controlling family has a compelling interest more than 50 percent of the vote. they love this business. they started this business. they're enjoying the benefits of this business right now. see lots of opportunity ahead of us, a lot of runway ahead for dsw. >> continuing to go nicely in mobile devices and of course the industrial environment is healthy because demanding growing and supply growth is
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moderate. we are swell positioned in terms of expanding. >> executive edge, a cool new segment. >> i always like when shiller comes on when we get these housing numbers. he's always been cautious about calling this a full blown recovery but he's starting to use the term recovery more and more each time you guys have him on. i thought that was really a good interview this morning. >> there is one thing that's obvious. we're buying autos, we're buying houses. so obviously the housing stocks have gotten beaten up. i'm in dhi. maybe you catch a little more in the next month but i think these are good entry points on a lot of these names. >> we're buying rv sales, too. >> elizabeth montgomery was fantastic, she was smoking in her day. >> which darren was your favorite? >> the first one. >> you can't like like that.
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>> williams sonoma is probably going to spike after earnings. it's been parabolic stock but if you get an opportunity to short tomorrow. >> housing wave, people buying pots and pans and furniture when they bought their homes, we'll see. >> first move tomorrow when we return. more "fast money" up next.
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>> we're going by alphabet tall order of middle names in trades. >> deutsch bank. >> potash. >> potash. >> i'm long unicorns and times square. >> by the way, congratulations, josh, you won the >> my mission is simple. to make you money. i'm here to level the playing field for all invests. there's always a bull market somewhere and i promise to help you find it.
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"mad money" starts know. welcome to cramamerica. my job is to coach you through these moments. call me. didn't like today. didn't see anything to like about it. you are he intoing asked to buy -- you are asking to buy and yoe

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