muted. next week could start to be the real tell. >> and of course, we'll see, as we get closer to october 17th, whether it starts to sink in on wall street what's going on in washington. as always, kelly, thanks for joining us here on closing bell. >> thanks for having me. a lot of rambunctious show today. >> as always. that's it for closing bell. fast money starts now. have a good weekend. ♪ >> nasdaq markets in new york city's times square i'm melissa lee. here is the lineup. total request friday, need a little skinered in your life. trouble in earnings land? total request friday is here. bubble trouble. group on, linked in. will these high flying internet stocks cool down? we're talk bubble trouble. our traders are tim seymour, guy adami. let's gets to our call of the

day. goldman sachs, with a research note that outlines the stocks they think are the most undervalued right now. in the top ten, marathon petroleum, tesoro, abercrombie and fitch. we should note this is based on their price targets. these are the stocks with the most upside here, potentially to their price targets. where did you go. >> i like cameron international, i like the drilling space. if you look at second quarter drilling, demand was up 24%, obama is putting a lot of pressure to limit imports, with everything that we know. we saw in the last couple days the united states is the number one energy producer in the world. and there's a lot of opportunity. but again, international. so these guys are involved in the more complex systems and production side of the business. these guys on a sum of parts basis are trading 10% cheap. very interesting on a price to book. there's probably 32, 33% upside on the stock. if you look at the fair value and look where the street is. >> you also went oil here. you went to marathon petroleum,

goldman says has 70% upside. >> i went with the refiners, who were thrown out for the service names. so the service names have been doing well. but i think you'll see rotation going into year end. buying the refiners, selling the service names, tremendously undervalued. input costs, crude. >> yeah. >> coming in. right? so that's their highest input cost, crack spreads, you've seen that obliterate the whole space. it's going to be getting better. >> how does the pipeline being finished ahead of time impact that trade, because it is thought they will actually find a bid because of that. and also the storm that will hit the shore on sunday right now? >> whenever you play the storms, though, it's always a fool's game. you always think it's going to rally everything in the space, and unless it's a bad storm, it never comes to fruition. >> don't wish for a bad storm. >> you always think it will rally energy. and yet it's a sucker's bet you're better off selling the storm versus buying it. >> you like solar? >> i like first solar for a lot of reasons, up 400% from lows

last year in may. and has consolidated all of those gains in a really healthy fashion. so now, after what, four months, five months of consolidation, we're breaking out of that down trend, as we speak. that consolidation allowed the moving averages to catch up, the 20 day, 50 day, 200 day, kind of catching the price action. you got to love that. and what i love most about it, it's got a very low correlation to the stock market. so even if you don't like the market as a whole, i think first solar is a good play. >> what about demand? it's always been actually more of a case of overproduction, we've seen the chinese solar names come back and they cut production. is this sustainable in this country? a lot of people think the subsidies, you talk about a government shutdown, a lot less money for solar. >> it's not something i'm worried about i'm trying to focus on price. when it comes to that sector it's been on fire. i think that with the low correlation aspect, that first solar has in its own right. you can play it 50e67b if you don't like the market. >> did you catch that, on fire, solar? >> good thing somebody is

listening. >> hey -- >> i'm glad you mentioned it's cheap in terms of the price that they are looking for, not valuation. >> this is goldman sachs' world, all according to them and the metrics they have. >> abercrombie and fitch. ridiculously cheap. doesn't make it that cheech. but this last quarter in august was an absolute disaster. i think it's sort of a kitchen sink type of quarter. it's not like we bounced off that quarter. we've been basically but for a move up to 38 holding this $35 level. but if they come out with one iota of good news, with the short interest that stock has close to 14%, you can see the stock trade back up to 40 bucks pretty easily. so listen, it's a bit of a fly here. i get it, a & f on the list that's my choice. >> goldman sachs says 39%. a & f has creativity. all those ad campaigns with the models across the billboards. here's one we want to show you. >> there you go. >> what is that exactly?

>> that's you. >> what do i have? it's like an elvis look. >> you are ripped. >> working it. >> you're wearing a parka. >> looks like a weekly thing. >> once you go down wax, i shut off. goldman also has the stocks with the most down side to their price targets, so we looked at those, u.s. steel, intel, cable vision and regis philbin's favorite stock micron is on that list. what do you see for the charts here? >> when looking at the chart, you want to look at it long term, it's had such a massive run. and last time we were up here, the stock lost 90% of its value. >> guy, would you agree? >> this stock -- i mean everybody has been trying to pick a top in micron including us over the last month and a

half. it's been wrong since it was 11 1/2, 12 bucks, as long as pricing is stable in that space, which it has stayed, this stock will continue. >> thanks to the highness. but once that's worked out -- >> it hasn't worked out yet. when it was 14, you brought that up. i recall. i was there. >> initiate a position at these levels. >> we talked about how hard it's been. if you fly in from mars, my favorite saying. >> and you land. >> very hard. it's not an expensive stock right here. >> let's move on. earnings season kicks off next week with family dollar, jpmorgan, wells fargo set to report with large number of downward revisions of late from tenet health care, and target. and continued fighting in d.c., is the bar set low enough? let's talk to chief investment strategist at black rock. great to see you. >> thanks for having me. >> how do you think we're setting up going to the season, too optimistic? too pessimistic? >> i think we're probably about right. i think you'll once again beat by a modest amount. but mostly on the bottom line.

i think the challenge for a lot of companies, particularly the consumer companies in this environment is still revenue. how can you grow the top line in an economy where you are stuck at 2% and below? >> how do you think we set up going to the debt ceiling debate? bank of america had an interesting note, taking a look at the flows, the last time we came across this problem, the debt ceiling debate, in august 11, $60 billion of redemptions across funds whether equity or bonds. this time around only a billion dollars. just a drop in the bucket compared to what we saw before. are we too complacent? too not worried about what's going to happen in d.c.? >> well, clearly, if you look at the flows, if you look at volatility, the market is not that worried. we saw a tick up in volatility this week. but only from the midteens to the high teens. that's still pretty low by historical standards. so my guess is, investors are looking at this as if they saw the movie before. similar risk in 2011. another one earlier this year. and people are just not going to

panic. now, my guess is, until you get down to the very end, you're not going to see a major move. but the problem of course is that everyone is on the same side of that trade. and if we do start to get scary sounds out of washington, you do run the risk of a pretty significant move very quickly. >> rusz, what's the big fly in the ointment for this earnings season outside of the government? in a world where a lot of people don't believe there is any cyclical recovery, do you think we'll see a surprise to the upside? that's where i expect we'll see it in those names. >> i think you will see some positive surprises, we have better growth out of europe. we have improvement out of emerging markets. at least stabilization. so some of the large cap exporters, i think will do well. we've had positive numbers out of manufacturing, some very strong numbers last week. i think that part of the economy looks good. again, the part i worry about are those companies, that are leveraged to consumers that are still having very tepid income growth. that's to me the place where you make disappointment. >> in the start of our conversation you indicated you

believe you thought we were entering earnings season just about right in terms of expectations, isn't there down side risk in that companies could use the shutdown and debt ceiling showdown as sort of an excuse, one of those excuses, going to the fourth quarter, that will then reset everything? >> well, i think that's entirely possible. at this point, it's hard to do. because we've been shut down a week, not even. the economic impact, at this point, is very minimal. even with the shutdown the remainder of next week, you're talking shaving a quarter point off the gdp. if this is all that happens, in other words, if the debt ceiling, and the continuing resolution are addressed by the end of next week, to me it's very hard to blame the shutdown on a bad earnings -- blame bad earnings on the shutdown. it's too small of an effect, unless this becomes a bigger issue. >> russ, good to see you. here's a tweet t. is total request friday. we are incorporating tweets. this is from jonesy. i think earnings season is

positive. second quarter was supposed to disappoint and didn't. third will be inline or better. >> excellent question. second quarter earnings weren't great. you're looking through the prism of the broader market which rallied. you like that? excellent job by me. so i don't know if third quarter is great. the earnings growth isn't there. clearly the market doesn't care. it's going straight up. but i'd be skeptical as we head into third quarter. you saw unp yesterday. might be a harbinger. i wanted that today. >> lots of big words by you. >> she doesn't know who black foot is. >> coming up next, first a downgrade then a fire. it's been a tough week for tesla. along for the ride since the beginning, find out where he stands today right after this. plus facebook, group on flying high in 2013. but could the red hot internet trade be about to bust? stick around, more fast straight ahead. at way with health care. but with unitedhealthcare,

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♪ market flash with dominic. >> after this hedge fund, janice partners at it again. it's outer wall. it's in it's sights. in a regulatory filing it's

taken a 13.5% stake in the company formerly known as coin star. wants to have discussions with outer wall on strategic alternatives. it believes that outer wall shares are undervalued and represent an attractive investment. remember last month jana took a high profile interest in a grocery chain. they have continued higher after hours. back to you. >> sotheby's back in the news. the auctioneer developing a poison pill after dan loeb mentioned an increased share in the company. loeb spoke with our scott wapner earlier saying the company needs a new ceo, and he tried contacting two board members, who have not returned his phone calls. tim, would you ever think about putting a bid on sotheby's because of dan loeb's involvement? >> no. but what i said, i believe dan loeb is in position here unlike even in other names he's been involved in to stir up the pot. this is not a widely followed name.

not a lot of guys on the street that can refute the claims here. as we said, this is a trophy product. this company, this is ultimately a place where the barriers to entry are extremely high. there's not a lot of people that play in here. therefore, there's a lot of value here. and for those that believe that there's actually the intellectual property value, it should go higher. >> let's move on. downgrade and a months of 4% on the week. but we're behind the wheel of tesla for some time. take a listen. >> we've been bullish, you can't fight momentum in the stock. you can't fight the fed. tesla. >> i sold it. i went flat. >> you're out. >> i don't want to make money riding a roller coaster. tesla. i actually got drawn back into the name at these levels. there is no competition, tesla. i am in the name still. every sale i ever made in the name, i regret. >> regret? >> tesla. >> steve just texted saying he added to his tesla position on the dip. >> tesla. >> i like that. >> all right. so i'm guessing that you have stuck with your position? >> i stuck with my position. i did add. >> good for you.

>> tesla. ford has had engine fires, chevy has had fires. once this evaporates, this story, it's back to the ascension. >> still long. bubble trouble, pandora, linked on, all at more than 100% this year, facebook has rebounded a respectable 85% as investors gear up for twitter's big ipo. which stocks we ask are in a bubble, which are stilt a buy? a long list here. guy adami -- >> linked in. we talked about it for a while. this week did not impress me. it has to hold 240, it's 245, otherwise pull the rip cord. love the story. 240 is your bogey. >> talk chinese internet. lots of tweets about these stocks. let's get to one. cook davis emails or tweets to us. high flying chinese internet stocks, scary, but still parabolic, more to come. tim. >> pair boll and i can a lot of halo effect from twitter. again, this is the twitter of china. i do believe that there's actually -- there's monetization

going on. i'm not in these names, i mentioned this. kind of critical levels, technically if you look at the rsi's in these stocks it's scary. if you look historically when people chased this, it's been painful. these guys are absolutely starting to make money. this is a company i would own in the long run. >> there's another name you're watching that's not on this list, but also has done well. yy. >> it's up almost 400% since the ipo last year this is a monster, when you look at momentum, tim seymour mentioned rsi. it's holding 40. that's a big level for us, as long as these momentum levels hold at 40, it's great. if yy takes out 52. it has another 20%. >> group on as well. here's a tweet from david atten clark. any thoughts on company's recent amazon executive hires earnings due, how much more upside potential? >> i thought that group on lacked barriers to entry. and i still do. so i think that everything that they can do, amazon can do better. so i wouldn't fear those moves,

that you just mentioned in the tweet. but i also would think that if the market is going to come in, amazon could be toppy here. you could have said that for the last how many years? >> years and years. time now for pops and drops. biggest movers of the week. popular tenet health care up 14%. jc. >> i like it. momentum is good. it continues to may higher highs, higher lows, i think it has a date with new 52 week highs. >> delta airlines up 7%. >> big numbers. >> educate. >> passenger revenue available seats mile. listen, i think it's gotten ahead of itself. stock price doesn't lie. i think it wants to go higher as well. >> jcp down 13%. >> credibility issue right. they said they -- they offer 84 million shares. can't get out of its own way. i would not short the name here. but i wouldn't be a buyer. >> consolation brands up 9%.

tim. >> ceo talking about how sales are going a lot higher not just because of quality but innovation, this is a story with a great run on the back of the bud deal. essentially antitrust working in their favor. 75% year to date. at this valuation, do not chase this one. >> from there's your fast money in review. the panda cam. shutdown in washington is creating pandemonium at the national zoo. >> can we collectively leave -- can't even get in the zoo? >> can't get in the zoo. >> zoo is closed. the moose out front should have told you s. that one of those things? >> when people look to cash out and sell to these suckers, this garbage is going to get destroyed. >> tell us how you really feel. >> all sorts of metaphors, scary talk. you're filled with violent venom. of the two of you, who's the new guy to the show? jim is, right? and b.k., you know the rules, keep talking until the buzzer goes off. >> well, that is true. >> you're really upset.

you get in his grill and dan's grill. >> it's my job. it is uncanny how you're able to identify all those levels, you're almost clairvoyant, as if you have abilities, exactly, like nostradamus. >> i sense a graphic. >> guy-adamus. >> props to mike for guy-adamus. genius. >> speedy recovery. >> he's doing better. >> we're all pulling for you. >> coming up next, big moments on cnbc. we have a recap of tonight's executive edge. coming up next. >> fast money means trading. everybody has to bring their best information each and every night. the entire trading day is the preparations for the show that night. >> it's idea generation, it's all about giving you a framework for how to look at the market.

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♪ welcome back, in case you missed today's top moments. here's a recap of today's executive edge. >> believes that the impasse over the continuing resolution and the debt ceiling is unlikely to change our rating, which is aa plus with a stable out look. >> jack lewis said as of that date he won't have any capacity any longer to borrow money. so he'll be left with a relatively, certainly by historical standards, relatively small amount of cash on hand, with which to pay a lot of bills. >> if we just harness the resources this nation has to offer, coal, oim, natural gas,

we can become a net energy exporter, change the wholly kwagz from policy set on shortages to one set on abundance. >> september nonfarm payrolls not released, the unemployment rate we don't know. average hourly ratings not released. you have to forgive me, after doing this for the better part of 15 years, i'm going through jobs report data withdrawal right now. and obviously the government is not giving me any kind of rehab program to get over it. >> this morning, i get the wall street journal out. and it says we don't care how long this lasts, because we're winning. this isn't some damn game. >> president obama there, out for a stroll, with the vice-president. coming in just moments ago. >> the fact that he doesn't seem to have a care in the world. >> man can't take a walk? >> bold interpretation of the president's walk there. let's talk about this nonsense in d.c. and how we are setting up in the markets.

you listen to all these strong words being thrown out by the leadership there. and you think it's going to be ugly. >> that's right. so we try not to listen to what they have to say. we'll focus on price, and when it comes to s & p 500, i like the price especially in the small caps and midcaps relatively speaking, when it comes to internals of the market that worries me, i don't like the fact less stocks are participating, that annoys me. >> total request friday. all of the music tonight requested by you out there. >> very good taste in music, zeppelin, thank you. >> we'll do this every friday. it's fun here. let's go around the horn here, time for final trade. tim. >> epp, etf, asia, japan, export growth. i would stay there. >> deckers is a name i'm involved with since the middle '50s, new price tarthd put on the name jeffries yesterday. $100 price target. deckers. >> j.c. >> national bank of grease, we only want to be in this thing above $4.60.

we only want to own it above that. it has double potential. >> are you still panicking? there it is. >> you make fun of me. >> you are panicking. you forgot your final trade. >> do you see pan snik acuity brands, solid earnings release this week. don't mess with me. >> all right. that does it for us, thanks so much for watching. catch more fast money monday at 5:00, meantime options action starts right after this break. have a great weekend. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics.

this is options action. tonight -- >> want to see something really scary? >> you better. we have three charts that could spell doom for the market. we'll show what they are, how you can protect yourself. plus, stocks are selling off. so why are high flyers like chipotle, netflix and price line rallying? we have the answer in a surprising way to make money. is it possible to have too many friends? >> now you're in the friends zone. >> not a single wall street firm has a rating on facebook. is the stock to go higher? the