those technology stocks doing well. >> people are saying we can't figure this market out. the ten year moving lower, under 2.8 percent, a lot for people to digest in the morning. >> thank you for joining. >> thank you for having me back. thank you all for tuning in. "fast money" begins right now. >> live from the nasdaq market site in new york city's times square, i'm melissa lee. our traders are guy adami, brian kelly, dan nathan, john najarian and mike khouw. let's get to the big story fast is following, rebuilding the housing rally, rough ride for housing bulls with home builders down nearly 30 percent. the question we ask tonight is the recent rate reprieve enough to get investors constructive on housing once again, how would

you play it again, brian kelly? >> what was interesting today is we had good economic data in the gdp this morning and rates dependent make a new high. treasuries reversed their gdp losses and closed at the high of day. if you are worried about rates going higher for the housing trade you don't have to for the short term. if you get a strong pmi and you want to sell off -- housing might be take a hit here. >> welcome back, sister. >> thank you. >> you've been gone for a month and a half. >> ten days. >> hawaii, awesome. >> i'm happy to be back. >> great to have you back. >> housing. >> i'd take the other side of that. the xhb which we talked about for the last week or so, you trade it against that april low 28 or so. it bounced today. i think rates are going back

down. i think that means xhb higher. i don't think housing has recovered at all. that's not the point. these are tradeable instruments. >> xhb is a very bifor kated product here. >> that's a big word for a man like you. >> it is actually. i heard guy say it back stage. you have these home builders, the guys who build the houses. these things topped out in the first half of the year. this is when a lot of these conversations started happening. are we going to start to see gains less than we had seen since the bottom. but then it moved onto the materials guys and some home improvement retailers. home depot reported great numbers but the stock couldn't rally last week. i think this is going to be a rotation trade. i think the home builders are probably seeing as good as it gets for a while but i think they're going to keep rotating through the xhb.

>> you had me at biif you are occasion. i thought that was an hbo show. construction constructive, i'd like to be that and i like the housing stocks right herement i don't think the xhb quite frankly. those of you who do, god bless you. lumber liquidators, bed, bath and beyond, this has nothing to do with -- this is a difficult subset of people that are either goin>> my point is though you me seeing it went from the home builders to the retailers and you may see the whirlpools and some of these guys, you may see it continue to rotate like that. >> you could. i think that historically this is still way too cheap, these interest rates. we all know folks who had rents go up like crazy. that's being more and more of a

situation where you're just throwing good money after bad, renting instead of buying. i think those folks are going to start buying more aggressively. >> doc, we have a chart right here, when the housing market was at the height of the bubble, look at that right there, we had unemployment at 3.5 percent. that's the blue line on the bottom left. look where mortgage rates were, they were above six percent. now we've seen a huge spike in mortgage rates, see that? >> look at the huge spike. that's the cheapest money you can get in your lifetime. >> i want to go to mike khouw. what do you see in housing? >> i'm not really constructive on the home builders. i agree with anybody who suggestion that if you are long home builders you're short rates the. rates are at historical lows. real incomes have not risen. >> they're not at historic lows anymore. >> how far back are you going if we only look back 12 months that

might be true but if we look over a longer period of time they're still at historical lows. >> i agree with you. that's my point. >> no. i think that's going on here is we have a housing market that is being art officially propped up. that was the design of this exercise. you must understand that the minute that rates begin to rise significantly from here it's going to hurt housing. also remember that housing stock prices were as high as they had ever been earlier this year, higher than they were in 06 and 07. it's not like these things are overwhelmingly cheap. >> are they relatively cheap though, mike? >> no, i don't think so. >> so you would rather buy home depot at multi-year highs here? >> absolutely not. i didn't say that either. i would sell xhb and i would not buy dhi or any of those. >> let's bring in legendary

strategist ed yardenny known for his bell usual calls. he coined terms such as bond vigilantes. he joins us on the phone. housing had been a pillar of what we've seen in terms of the market rally. after a few weak data points there are doubts about the strength of the housing market. how does that play into the stock market and what we'll see in the fall? >> this is a bull market that's been with us four years. it's not like we're discovering anything new here. a lot of stocks have had great runs and especially in the consumer discretionary valuations really aren't that cheap. retailers for example, you mentioned home depot, i don't do individual stocks but retailers are actually pretty expensive here. i think the bull market needs to rest here. the last time i was on your show i thought it might go sideways and i still feel that probably

through september, october. >> we're having a heated debate as to whether or not these guys are destructive, the home builders and the related housing trade. ubs had an interesting note on the heels of the home sales data which disappointing. they said perhaps there is an effect on mortgage rates on the actual purchase of homes. >> i don't know that higher mortgage rates are causing a problem from new home sales. a lot of home builders are very cautious here. some of them are actually having problems getting land and they want to make sure it's good land. many of them are extremely profitable and they kind of don't want to go back and expand too much and build too much. meanwhile existing home sales have been extremely strong. so i think a lot of buyers might have actually been frustrated and finding there isn't that much supply of new homes or land available where they might want to be and they have been going to the existing homes.

>> ed, it's brian kelly. what i don't understand about your argument is that we had back in april or may when we had the tapering talk rates went up. it usually takes three to six months as you know to have the monetary policy filter through to the economy. almost three months to the day we had awful home builder numbers. i don't understand why you're saying that the higher interest rates aren't impacting the housing market. >> well, i wasn't really saying that. i was saying that -- maybe i should be a little more careful here. what i was saying is that in addition to higher rates, i think we should also factor in that home builders themselves have been cautious about putting up a lot of homes on a speculative basis. many of them are having a hard time finding good land to build on. again, that's based on anecdotal readings of different market places. i'm not denying that 100 basis point increase on mortgage rates

is going to have some impact on slowing down demand but marge rates are still historically low and we are seeing existing home sales holding up. even that data as you know is old data. there is no doubt here that we've seen home prices going up and mortgage rates going up. that's got to have some retarding market on the demand for housing. the stocks have reflected that, particularly the home builders and the retailers have reflected the fact that existing home sales have been strong. >> perhaps retailers are reflecting the fact that energy prices have been rising, while we've seen somewhat of a pull back in the after hour session and late this afternoon there is a concern. you say though that rising oil and rising stocks, they go hand in hand? >> historically they've gone hand in hand. higher oil prices are bullish for the stock market when they're reflecting a stronger economy. higher oil prices are reflecting a geo political supply shock

then it's a whole different matter. if you just look at a chart of oil versus the s&p 500, that's since 2009, the beginning of the bull market, they have been highly correlated except for right now. we've recently seen a jump in oil prices and the stock market stalled. >> ed, we're going to leave it there. thanks for your time. let's get a quick market flash here. we're seeing a big move in the after hours session. >> check out the shares of sales force, the maker of client relationship management software and cloud commuter applications. the shares are sharply higher in after market trading, reported profits that beat analysts estimates and offered a better current quarter forecast than analysts had anticipated. that's showing that enterprise and business customers are spending on things like cloud application. that's a pretty decent size move

for crm shares. >> cramer has gone exclusive with sales force. you want to catch that at 6:00. even though i was not here last time, i heard that you made quite a good call. >> you were drinking mai tais on a beach. >> now, if you go out and buy sales force tomorrow, you're too late. tomorrow you should be taking profits in this sucker because now you're up at 47, 48 level. it will be a huge volume day despite it's friday before labor day. tomorrow is the day you take profits. >> let's check the other of after hours movers. krispy kreme well below the street's expectations. pacific sun ware recovering from

after hours plunge. it's now unchanged. don't forget pack sun ceo will join us tonight fresh off the earnings call to break down the entire quarter and much more. coming up emerging markets have been beaten down and forgotten but is sentiment starting to shift? >> i think it may be a bit of time before we see a broad market rally but there are some investors seeing porkckets in ts sector. the details when we come back. c 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 to "fast money" live at the nasdaq marketplace. that makes me miss vacation even more. thanks, guys. >> i didn't play. it's not me. emerging markets -- >> which is a fine vacation spot as well for all those people who love west virginia. >> emerging markets have been hit very hard this year but is the weakness presenting a buying opportunity in some regions?

>> i wish i were on vacation, too. with the emerging markets down dramatically since may and worries about the impact of international military action in syria, countries like brazil and turkey once the darlings of investments have become danger zones. some have pulled back aggressively in the last few months since the fed first signalled the end of quantitative easing in may. economic news from japan may help move the needle in their favor a little bit maybe. in the meantime some institutions are hunting for value and finding it in select areas. hedge funds and other money managers i talked to this week they say like india, mexico. the indian chart looks great. in mexico which has relatively small composure to the slowing growth in china which is a

central aspect of the fierce in emerging markets, some are finding private offers there. if of course you do the right fundamental research, there is good things here. >> thank you for that. brian kelly, interesting. bank of america and merrill lynch said emerging markets will be the asset class of 2013. >> look at india, they have had the rupy falling, oil going up there. the fourth largest consumer of oil in the world. it's been a perfect storm for them and it's a problem. that said, a lot has been priced in. if you think the fed taper is off the table or at least delayed and you think oil prices are temporarily higher and coming back in, epi is your way to trade this. that's the indian etf. make sure you use the 1295 as your stop because this is a high risk trade. >> that's exactly what people were doing yesterday, too.

somebody bought 1.2 million shares of the epi. it might have been brian and they bought a bunch of puts. it's a big upside bet and the stock is up since then. >> let's hit today's top trending trades. voed da phone says it's in talks to sell 45 percent stake in verizon wireless. >> it moves up as does verizon on this news. the fact that they were up nearly three percent today, they could credit ben bernanke because this is all about cheap money. if they can borrow money. they're not borrowing at apple numbers of the nobody is going to borrow as cheaply as apple did but they're getting a cheap rate. they're smart to do it. >> chipotle getting chatter on twitter after double lines jeff

gunlock said this. >> it reminds me a lot of where apple was a year ago. i don't think they're necessarily overbelieved but i definitely thinking it's overvalued. it's a basic valuation argument. a pe of 43 with the forward looking pe over 38, i just don't see it. it doesn't pay a dividend either. i think when you have a breakdown in that stock i think it's going to drop by 30 percent so we'll wait to see some evidence of that before shorting it. >> dan, i think the skepticism has already been reflected in part at least in the stock. >> lfthe stock is up 36 percent year-to-date. he dropped a trade school on you guys. he's waiting for a fundamental break. from that we saw out of pan era and cheese cake factory, maybe

they're benefitting from the consumer move to the mid end between mcdonald's and pan era and he wants to see that momentum break and maybe not get the first five percent but the next 20 percent. it's a tough stock. it's a $400 stock. >> coming up next on fast it has been a tough year for big blue, shares of ibm down five percent in 2013 making it the third worst performer in the dow. could this lagger become a leader in september? it's dr. j. and guy adami in a street fight you can't afford to miss.

i turn ed 65 last week. i turn the math of retirement is different today. money has to last longer. i don't want to pour over pie charts all day. i want to travel, and i want the income to do it. ishares incomes etfs. low cost and diversified. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses.

read and consider it carefully before investing. risk includes possible loss of principal.

>> welcome back to "fast money." live at the nasdaq market site in times square. ibm struggled to gain momentum. one of the worst performers on the dow year-to-date. is now the time to buy after a five percent fall in 2013. let's debate it. 90 seconds on the clock. doc, kick it off. >> going to be tough because guy is hot because of that crm call from yesterday. the fact that they're going into the cloud hard is why earnings were sort of flat this past quarter. i think they're going to nail it and be stronger going forward. also software up four percent. services, the backlog is up three percent for services for ibm. very positive. if you take a look at the guidance that they're putting out and they're standing by it, 20 bucks a share by 2015, guy, that's a $300 number on the stock at a 15 pe. >> doc makes excellent points as always. let's look at what happened to the stock and what has been

until recently a great tape. the organic growth hasn't been there. the last two quarters have been revenue misses which we haven't seen in quite some time. they're making it back on buy backs, but when the organic growth goes, cash flow goes which we've seen. maybe that $20 for 2015 isn't as attainable as it might have been a couple years ago. they don't have the visibility that they used to have. their business seems to be in somewhat of a decline. if the tape rolls over here, a 181 could be a 165 number. it's a lot harder to sell it 30 days ago when we were at the pierre hotel and they reported and we said at 195 probably sell it. it's a lot harder now than then bought i still think that's the right thing. >> you always ask me if i remember something. it wasn't that long ago. i have a pretty good memory.

at the delivering alpha conference. >> that's right. we were there. >> who won the street fight? brian kelly, i remember the stock underperformed august 6 and that hit the stock hard. >> i think guy makes the great argument here. i'm with him on this. ibm doesn't have that organic growth and this is a system of the market where if you don't have the free cash flow you can't engineer your earnings. >> 175 is the absolute downside level. dan, what do you say? >> i agree also with guy. it's not because -- to me i think it's to get to that 2015 number they're going to have to buy that growth and again it also impedes their ability to can't to manage earnings and buy back stock. in the near term i don't think it's a good set up.

>> mike khouw? >> i'm kind of in guy's camp, too. >> now i love it. we got everybody against me. >> you create a kwor um the contrarian is going to say buy it. maybe one of the rationales is they are trading at a relatively low pe. the options market actually agrees with guy, too. today in fact the most active were the october 180 puts. people were saying about four bucks for those. that's about a four percent decline from where it closed today. >> poor doccy. you can til vote for him and tweet us @"fast money" cnbc huzing hashtag bull or bear. no sympathy votes.

results at the end of the show. coming up next on fast, is $5 gas just around the corner? a 20 year veteran of the oil pits says it's a real possibility even if we don't strike syria. he'll explain why and how you can protect your portfolio when "fast money" comes right back. ♪ [ 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. ♪

otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪

>> crude seeing a big reversal but the price of oil near two year highs. with the situation in syria simmer is let's see what happens. john, you're a veteran of the oil pits. you've seen these political tensions in the past. obama has to make a decision on whether to proceed with syria. how do you trade a situation like this? >> you stay close to the news. the u.s. is going to do something. it's a wait and see attitude. everything that happened has been digested into the news already. you had a rug run up to 112 bucks. today was a good selloff before a long weekend. there is nothing new here. if nothing happens in the next ten days or so you'll start to see more of a selloff. you wouldn't want to short it up

here because it's one strike and we're 115 and looking at 120. there i think is a good sale. >> you give a situation like this one ten days to work out? >> pretty much. you saw it with egypt. we had a big turmoil there and all of a sudden it morphed itself into a solution. once it's digested the market reacts. i heard someone talking about 150. that's not going to happen these days. that's catastrophic for united states. >> i remember when everybody was waiting for the first dessert storm. remember when the missiles went off, oil spiked up to 26 and by the next morning was trading back in the mid teens. can you see another scenario where you have an initial spike and ratchet back to where we should be? >> without a doubt. what you are looking at is a

market that's a knee-jerk reaction. you have that initial reaction. people that are shorting this are like oh, i got to cover this so you get that double whammy. they have to cover so that accelerates your bull market. then once it's digested you're like, all right, there is your solution. you try not to overthink the market. it is what it is. you can sit in a think tank all you want. the news is there. >> we had $100 crude oil a few weeks ago before we had the sarin situation in syria. what is 108, 109 crude oil really pricing in the probability of a strike. what is it pricing in the percentage? >> in other words, what is the syria premium in oil right now? >> it's above 105. anything above that is still in play. you have a lot of long in this market and you saw it today. you saw a lot of guys taking money off the table and you should. all of a sudden you have a $7

drop, you have a huge correction and guess what, you missed the boat. >> and it's because basically everybody is gone tomorrow. there is not a lot holding people here today, so by noon today it's starting to dry up the volumes on every floor. how much of it is because of that, guys wanted the liquidity while they had it. >> that's it in a nutshell. you're going to have three days of inactivity and all of a sudden you're seeing news stories. >> isn't that the perfect time? you could see things spike tomorrow for that very reason, three days without markets open. >> but if you are taking the day off you're calling it a day. that's what it boils down to. >> we're talking about a temporary spike in oil here. >> exactly. >> when it pulls back, what do you like in the stock land besides oil? >> i love bp. a lot of people don't.

what they showed me once the accident happened is how they reacted to adversity. all of these companies, what do they do initially. bp had boots on the ground the next day. the stock dipped below $30 but it showed you that it was a solid company that actually was there to take care of the problems. the stock got up to around $50. i think right now it's trading in low 40s. looks like a nice break above 50 bucks. >> this is a longer term stock. >> most definitely. >> how if at all will this oil stock or any other oil stock react if there is a strike? >> you're going to see a nice pop in those stocks, virtually all the oil stocks but that's solely based on what happens in the middle east. i'm looking beyond middle east when i'm picking a stock like bp. >> let's get a market flash with domenic chu. he's watching splunk. >> that's right. here's another software maker

for you. it's splunk. i love saying the name, up big in the after market. the maker reported a smaller than expected loss per share. sales did come in better than forecasted and it raised its full year sales forecast. that's always a good sign. splunk said it signed up 400 new customers last quarter bringing the total count to 6,000. watch those shares. >> thank you very much. doc j., the recent ipo has done well since then. >> this stock is on fire. big data download is something we talk about an cnbc a lot. these guys analyze that big data. look at their customers, people like tess co which is the walmart of europe. big customers and they're just starting out as far as penetration into the really big customers. i like them. >> let's hit the big movers of the session. guess up 13 percent, guy? >> my favorite jean company. we were talking about it with

tim last night. you cannot buy this stock with -- >> this is your favorite jean company? >> yeah, why. today is the day to take profits. the quarter was good, not that good. >> campbell's soup down three percent. >> you have consumer names that are really extended on a valuation basis. campbell missed. this is a company that's only supposed to grow earning mid single digits trading in the teens on a pe basis. >> drop for stx down two percent. >> cleveland research came out and slammed these guys. that was one of the reasons fofrt selloff. the cloud that we talked about in our argument, guy and i, as well as the crm is all hurting these guys. the fact that people don't need as much on the hard disc is not good for them. >> a pop for usair ways, up four

percent. >> good pop here today. the judge in the merger case, the merge are case judge, not the department of justice judge, said that the case for the merging is actually fairly good. the stock did well on that unless you're in the details of this stay away from these names. >> drop for the fresh market down 12 percent. mike khouw? >> they actually made the number for yesterday but their guidance for the full year was a little on the low side. some of the things they cited were higher costs that they weren't able to pass on in perish abls. this was a stock trading richly. this demonstrates the risk when you don't buy these names in this environment and they disappointment. >> pop for poll dancing bears. a family of bears put their skills to the test and the performs was grizzly. these were recently captured by a national park surveillance

camera but were the cubs in the club bearing it all or a late summer workout before hibernation. >> i didn't know bears did that. they have itches, too. do you itch a scratch or scratch an itch? >> scratch an itch. >> i don't know about that. >> coming up next, shares of pacsun more than be doubled this year alone even with tonight's pull back of the stock. when we come back the ceo, gary schoenfeld joins us fresh off his earnings on the quarter and whether the stock is done surfing higher. it's an interview you'll see only here an cnbc. 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. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t.

that's it. it was a number. [ male announcer ] today, men with low t have androgel 1.62% testosterone gel. the #1 prescribed topical testosterone replacement therapy increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breast-feeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breathing during sleep, and blood clots in the legs. tell your doctor about your medical conditions and medications, especially insulin, corticosteroids, or medicines to decrease blood clotting. in a clinical study, over 80% of treated men had their t levels restored to normal. talk to your doctor about all your symptoms. get the blood tests. change your number. turn it up.

androgel 1.62%. >> as you see in the chart pacsun seeing volatile trading in the after hour session down ten percent after cutting its third quarter outlook. the teen retailer reported after the close. the stock was up 123 percent for the year as of today's close. joining us fresh off the conference call ceo gary schoenfe schoenfeld. the stock is volatile because of what you said about the third

quarter and that is essentially taking down your guidance relative to what analysts were expecting. can you give us colors as to why you're doing that and what you're seeing in terms of spending particularly among teenagers. >> i think most importantly the take away on our call was a lot of positive feedback recognizing our six executive quarter positive comps, improved margins and leveraging of expenses. our guidance reflected going forward continued improvement in the business. one of the key things is a shift in the calendar with a 53rd week that's underpinning some of the numbers. we had a lot of good feedback on the brand that we're selling and the products that we're making. >> we just showed a screen of basically what you're guiding for the third quarter versus what analysts were expecting. the stock was very volatile in the after hours session, dropped significantly. while it's off the session lows in the after hours it's still down quite significantly and

you're talking about all these positive things. what's going on in the third quarter that people are so disappointed about? >> again, i think if you play back the call, i think you'll hear a lot of optimism and a lot of positive feedback. i don't have the screen right in front of me. i can't comment on after hours trading. frankly my focus as ceo and our team is to continue to build our business, connect with customers, bring great brands to the marketplace, nontrend styling and i think consumers are giving us credit in what remains a competitive marketplace. >> the stock is telling a different story. we had a great member of this team years ago used to say specialty retailers is where dreams go to die. is there a chance it lost its cool factor? if the answer is yes, can you get that back? >> i think quite the opposite,

candidly. and i appreciate the question. when i joined pacsun four years ago i don't think anyone would have debated that the answer to your question was yes, that in 2009 pacsun had lost its cool factor. when you go into our stores today you see the brands we're carrying, the merchandising and the energy of the consumer in the stores and the progress we have made over the last six quarters i think you would see we're regaining our cool factor and differentiating ourselves in what is a competitive landscape. >> in terms of spending, gary, when you look out into the fall and the winter and you see, for instance, mortgage rates rising, unemployment not getting significantly better, particularly for your core customer, the younger consumer, what keeps you up at night? >> i think everybody in retail recognize today that the bar is continuously getting lifted. consumers are very prudent in

how they spend. i think the recession of the last couple of years had a significant impact in terms of people's thinking about discretionary spending and i think the bar and the kind of execution that's required to win is higher than it ever has been. i think we've got a team that's energized to meet that higher bar and hopefully we'll continue to do so and be a differentiator within the mall retail landscape. >> last year color denim was big and others amongst the teens. what is the fashion trend to watch in fall and going into christmas? >> i think importantly for us we've aged up our customer and as we look at guys and girls in their late teens and early 20s, they have their individual sense of style which again our california life-style really 'em braces. they certainly identify with brands in a really important way so in our men's business brands like nike and vans and diamond

supply company and hurly continue to have great relevance. on the women's side similarly we create excitement with brands like brandy melville and u ber high wasted. we believe in women's strong trends in sweaters and dresses that we can capitalize on as well. >> gary, pleasure speaking with you, thanks for your time. appreciate it. >> thank you. >> gary shochoenfeld ceo of pacsun. high wasted and uber-high wasted. >> that sounds like urkle to me. >> we should make clear it's a market cap of $240 million so it's small stock but we had it on because it had monster moves this year. >> the one thing that stuck out

is inventories were down three percent year over year. maybe that means margins can improve next quarter. if it's a sand bag then this stock basically all you are right now is giving back what it gained today. so with the short interest it has, three and a half bucks, it might be interesting tomorrow for the long side trade. >> the question you have to ask yourself in any of these and gary eludeed to is there a structural change in retail. i think there has, the fact that they're moving up their customer you can say there is a change going on here and the winners are going to be the management teams that recognize that. >> if you look at retailers like arrow pass tall and a and f, these guys got slayed. you know who is doing well is gap stores. they have aged up over the years, too. that's something we should keep an eye on. >> not so fast here, guy adami, our traders are quick but not always right.

earlier this month guy made a bearish call on american eagle. >> you had six shops downgrade the stock which is enough for me to actually look at this and consider getting long. i think you actually can with a very tight stop. >> since guy made the call the stock is down some 14 percent. it's interesting because we played this after you made a call on pacsun which makes you wonder we should listen to you. >> i was thinking the same thing. i knew you were going to say that. i'm so in your head. >> you're not in my head. >> even though you were gone for three months i'm in your head. that was wrong. it doesn't matter. the abercrombie & fitch quarter didn't help. american eagle didn't help. it was a bad call. with the exception of a couple names the whole space is horrible. >> next on "fast money," if you missed some of today's news we're recapping the biggest moments of the day of the you

tweet it we trade it. we're giving you the winning play so you know where to put your money. more fast in two minutes. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. itime.

.

>> in case you missed some of today's moments here's a rapid fire recap in tonight's "executive edge." >> vodafone confirming it is in talks with verizon on a possible sale of its stake in wireless. >> second look, second quarter gdp. whopping 2.5, 7 tenths revision to the upside. better than anticipated. that's why we paid so much attention to the dropping trade deficit we recently received. >> we're short right now on the fusion. our sales are up another 13 percent. this is going to add 30 percent more production capability for the fusion. it's almost at the right time for the customer interest. >> fast food workers are protesting wages. they want $15 an hour and the right to unionize. some of the fast food restaurants impacted by this are

going to be the ones that you know, mcdonald's, burger king, taco bell, dominos. >> i don't have a twitter or facebook or anything like that. i'm a lieu diet. i'm still rocking the blackberry, believe it or not. i'm pretty low tech. >> the notion that you are simply going to fire tomahawks into certain specific targets and walk away i think is folly and i think the administration has to have a strategic plan. >> all right. so let's talk about this, brian kelly. what jumped out at you? >> two things. one, i believe that whopper is the word of the day. we had a whopper of a protest and rick said we had a whopping big gdp. >> and we have wapner. >> right. all over the place. in terms of trading which i think is probably why people are watching us, i all allen's comments were interesting that they're short on the fusion. you're seeing this cycle in the

car area. take a look at still water mining, they provide the catalytic converters. >> i loved the allen segment, loved that he signed the guy's t-shirt and that he's hiring 6500 americans to build more cars in the country by the end of the year. this particular hiring is lining 2500 more but it's going to be positive going forward, the fact that we have's got a manufacturing resurgence in this country. >> let's take a look ahead to tomorrow which happens to be warren buffett's 83rd birthday. in honor, we're getting our trader's favorite buffett plays. >> nation oil well var co. it's not just a deep water play like it was a few years ago. it's a shale play and a significant shale play. it's also transmission and dust bugs. i like it if you are focused on

energy like i am right now. i think this is a nice one. >> brian kelly? >> i like sun core energy. it's probably the future of energy. when you look at warren buffett you have to look long term. around $30 a share they seem to have decent support. >> dan? >> walmart. he's the fifth largest shareholder. this is not a particularly sexy name. they're a consistent ten percent grower and it's a fairly defensive name in a murky economy that we have right now. that's one i think, almost ten percent pull back from the highs. probably buy very soon. >> coming up next, your first move tomorrow. [ kitt ] you know what's impressive?

a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel.

delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >> we tallied the votes and guy adami takes home the trophy tonight for ibm being the bear. final trade time. let's go around the horn. mike khouw? >> sell some call spreads, watch your limits on tfm. >> doc.

>> myriad. >> dan? >> tesla. >> brian kelly? >> natural gas at a bullish reversal on bearish news. >> guy adami? >> >> my mission is simple. to make you money. i'm here to level the playing field, there is always a bull market somewhere. i promise to help you find it. ""mad money"" starts now! hey, i'm cramer. welcome to ""mad money."" welcome to cramerica. other people want to make friend, my job is not just to entertain you but to educate and teach. call me at 1-800-743-cnbc. we have cross markets galore, you can't