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tv   Fast Money  CNBC  October 31, 2013 5:00pm-6:01pm EDT

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the unrest in the middle east. 15,545 is where the dow finished up. you can see almost a billion shares here at the nyc. the s&p 500 down 6 and 3/4. >> that will do it for "closing bell." follow me on goggle. here's ""fast money"" right now. ♪ ♪ >> we might be in a bubble. >> i think the markets are bubbling and all asset prices are bubbling. >> don't let your fans suffer the same fate. >> profit margins are bubbly. >> too violent. too deadly for to you imagine. >> margin debt is at historic levels. >> oh no! no! no! . >> they're here! >> dead from the nasdaq new
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york city's time's scare. this is ""fast money,"" america's postmortem show. i'm morticia lee, our guests are brain kelly, steve gruesome. carrie frighter man, scary mike and micro-. let go street our top stories, that is bubble toil and trouble, stocks this month, the s&p posting its biggest october rally in two years. i think all time highs, multiple times, so are you getting spoofed by this record-breaking rally? >> hi morticia. you know where that is from? >> yes, like adams. >> you knew that? >> i read that in a book. anyway, record rally. >> next thursday. so on tuesday we said we thought we'd have the test to 1740 and the s&p 15 handles away. i think there is a chance we test it tomorrow t. banks didn't
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trade well today. the market had every opportunity, late in the day you had actually a rally, stalled out. you hadn't seen that in a long time. i think we push to cell phone 40 tomorrow. we see what happens the weakness in the bank. >> brain, we have been looking at for the past couple of weeks, in fact the underperformance of the russell 2,000, the small caps. they led the market higher. here they are breaking away. >> that's the concern. when you start to lose the general, then you lose the trend. even today the small caps russell went down more than the s&p 500. what is interesting here the market wasn't strong today. we had a strong number. the chicago pmi number was unbelievable. the highest reading since 2011. the biggest jump in 30 years. the market is ignoring the fundamental also here. it looks like there is distribution going on. >> is it ignoring the fundamentals? >> i think that's originally what it was. >> that sold bonds, but it's one thing to taper if you are
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having. if you are worried about a bubble and the economy isn't improving. it's another to taper if the economy is improving. it's one data point and we don't know yet. >> if syria started to take over it started to late in the day. >> that could be a problem, syria and taper that knocked the s&p off. so i think that is the one thing that we were not factoring in. that's what's making me a little nervous here. >> we started the show with a song from bill gross, a guy, talking about bubbles in various asset classes, including equities. are we there? the valuation on the subpoena 500 is not higher at historic highs at all. >> i don't think that's what he's implying, that we're at an equity bubble. this maar gin debt is record high. steve can speak to that. that to me is a little troubling. i don't think the equity markets are in a bubble. >> think about that whether you
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call yourself an investor or a trader, all you are doing is speculating. the stockmarket has been speculating. >> you had people chasing this market. everyone thought, everyone has been calling for this market to sell off. it hasn't happened. every sell-off is greeted with more buyers. they are trailing indexes. they are chasing it to year end to speak to that margin. >> mike, where do you think we go from here? do have you the ingredients chased a year in are we where bill gross said in bubble licious history? >> i don't think equities are in bubblelicious territory as bill gross is saying. i think he recognizes there are other risks associated rising rates that could impact equities. >> that could hurt some of the sick electrical dischretienary names on the fact that people can borrow.
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the capital. there isn't much to that concern. one of the reason being the companies have a lot of cash. i look at it. i think equities are fully valued not overpriced. bonds are clearly overpriced. the big risk, guy was pointing out, with all of that more gin debt. >> under management john always great to speak with you. where are we in this rally in your opinion? are we fairly valued where do we go to year end? >> i think we are fairly valued. i see kind of in the fifth inning in this recovery. the market still has a good ways to go as we get towards the end of the year. >> fairly valued are you more scared of missing out on this sort of rally because so many people are on the side lines and fund managers are underperforming therapy
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benchmarks? >> i do think there is a risk the money that got out of the market because of all the perceived risks, as that money floods back in people realize how great the markets have been i think the risk is missing out on an upside rally that could surprise people on the upside. >> joe a lot of people have been saying we had that push in the ten year so now it's now back around this 2.5% level. is there a chance that maybe the bond rally isn't over and we'll see short-term ten-year rates back down to the 2% level? >> i think you could have that happen short term. i still think long term or even intermediate term, interest rates are going to rise. we had our 30th anniversary conference a couple weeks ago, a random walk on wall street burt was talking about the fact he thought rates would go higher. you want to stay away from bonds. >> john, i want to get to one of your picks. >> that is blackstone tony james the president, has recently sold shares. this is actually one of three transactions this year in which he sold a total of 8 and a
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quarter million shares. does this concern you? this is about one-fifth of his equity in the company, even though he says he is going to stay put? >> it doesn't concern us. we think there is so much value there. over $250 billion under management. such diversified assets and the different areas of the alternative investment world. we think it's going to be a great long-term holding. >> if he leaves is that a problem in terms of your investment thesis? >> do what you said? >> if tony james leaves the company? >> no, i think, ceos, they come and go in this industry. you see it happen all the time in asset management. assets are sticky. as diversified they are, the professional management they have, the depth of team and the leaders they have throughout the organization, it's not to pin it on one personality at all. >> hey, john brian kelly, i'm curious of janus, that's one of your picks, value name. what are you seeing in it that the market is not seeing a it is
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reason why and why hasn't it performed that well? >> well, the stock is very very cheap. it's underperformed because they've underperformed. they haven't done well the last several years in their core equity brands. they're not getting the performance fees that people had hoped. but we think that's starting to turn. we think performance is starting to come back in their core brands. we think performance fees will be back as we look in the next year or two. they'll be surprised in the upside. they've done a great job at diversifying, their fixed income products are doing extraordinarily well. we like perkins roll intech the other products they have. we think they have that diversified product mix and distribution. they will surprise us on the upside. >> thanks for your time. congrats on your 30th. john rodgers of aerial investments. asset managers blackstone these are all top picks? >> blackstone specifically is running into a little bit of resistance here. it definitely has more room on the upside. i think it is all dependent. if you lock at the macromarket,
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70% of stocks trade with the overall market. this is a great spot to be. >> two weeks ago, blackstone reported a third quarter. candidly, it wasn't a great year. as tim pointed out, it's been trading low tore sideways since, valuation-wise, nine times forward earnings, i think it's sort of interesting. we have been talking to blackstone in terms of the financials as one place you want to be. i think 26 and change is further to go on the upside. >> let's check in with domenic on first solar, which is moving big time in the after hours session. hey, tom. >> yes. yes. i can't even get over that photo of me as a zombie here. let check out shares of first solar. they are up big in the after market. that after america's biggest maker of solar power plans that boat analysts estimates, helped along by projects in california and canada they boosted first year earnings gains and lower full year gains, it looks like
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investors are accentuateing the positive. back over to you. >> thank you domenic. boo. brain kelly, what do you think? >> i think there is more room to go on this. >> really? >> don the bear suit daily, are you a buller? >> well in this particular name absolutely. i think these are names, the solar area hasn't done that well. i don't know if i'd go out and boy it tomorrow. i'd wait three, four days. as long as it holds here i think it gets well above 6. >> what do you think about oil, though? >> i think oil goes lower. but these projects. it is a bit of a headway with solar. these are longer-term projects they're doing. it's not so much so sensitive. >> plus there is a lot of taxable plays. we seen that pop, bringing forth a lot of profit forward and pushing off a lot of tax annual issues later. >> all right. let get some halloween trades. because it is halloween. it's bk's favorite holiday in the whole entire world. let's trade stocks they have been the trickiest and most
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rewarding for october. trick or treat trades. tesla and amazon coming in at the top of our picks. let's go to mike coe on amazon. mike. >> this is interesting. this one has tricked me continued to trick me for quite some time since $265 it's $100 higher than that. this is one of those stories where sometimes you think about what the fundamental also are, a lot of people are chasing fundamentals different than i am looking at. price to earnings free investors chase exclusively the growth story despite the company's tremendous size and jeff besos has a license to do that. of course, he is exercising that right. i think we are continuing to see that. this is a stock on a fundamental basis. >> let's get to tesla here. tesla started out as a treat. it has become a trick in the month of october. it's down 19% from its highs. >> i am two-thirds. i have been disappointing that
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name. it was holding that average of about 170 when i had sold it. i got out of the name basically, holding on to a third of the print into earnings but definitely not acting well technically. >> the report about german market share being tough to come by then elan musk talking down stock and aspire out of mexico. >> the only thing you said that concerned me was elan musk that to me was problematic. i thought he was the best marketer of his name. once he came out and said it doesn't deserve the valuation. >> coming up next, it's not a nightmare. find out what trades haunt our team and learn from their mistakes. plus a big retail hitting the ice tomorrow. courtney reagan where are you? >> i'm organizing my closets here at the container store, mellissa. the company goes public for the first time tomorrow, i'll tell you what investors need to know
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>> hey, mortica. check out aig. a better third quarter profit helped along with the business, its revenues they came in light. those shares are a little lower in the after market. back over to you. >> karen what do you do with this one? >> it's a little light. we saw a little calls in today. we felt the easy money had been made. it is still cheap on a price to book. this is an event, we cleaned it up as opposed to operate the business well. that's where the tore is now. it's fine, it's fine. i probably wouldn't initiate a new position. >> fine is a bad word. >> mike the turn around part of the story is kind of behind the stock, do you leak it in. >> you know i sort of like what karen was suggesting. in fact, that's consistent with what we saw on the options market. this was a stock that was kind of tee'd up much earlier, but a lot of the i think, you know that first fast and easy money is out of it now that we've seen
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it rally significantly. although, the most active options today were the 55 calls in january. it traded about three times its average daily volume. my guess is there were a lot of other participants much like karen, they're seeing profits and are thinking it will slow down. 55, though leaves a little upside. if those are the strikes you are selling. >> let's get to the trade paying off for karen. that's a short on weight watchers. take a listen to her take last night on the stock. >> if they can't get it right in the first quarter, it's such an important quarter for them. >> right. >> it will take them a whole another year. >> this is trouble. i know it's lower. i don't know that it's cheap here. >> all right. so let's throw a little anatomy of a short here karen. it was interesting. the report crossed. it went down steep a lot. that's when you decided to put the short on. >> you were talking about last night? >> last night. after they released earnings during the call, which started off with a thud which was the ceo saying things aren't quite as good as i had hoped.
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and so suspending the dividend. >> that is gigantic actually. why suspend the dividend when it appears like they should be able to pay it? why not wait until you are certain that you can't? so what are they seeing in their business that makes them want to suspend the dividend now? i don't know. >> right. >> but i don't think it's something great. >> so take a look at this chart here as to where you put that short on. there was more to go. at the time it's not necessarily clear it will go down more. >> how do you know? >> the suspension of that short and the way the business model works here they have so much marginal profit for each new person they have you know the gross margin here is very very big. and so if the revenue line which is what they're concerned about, starts to shrink the operating leverage really really can shrink. when you have a levered balance sheet like these guys do then
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you can really start to see only pressure. i'm not saying that they can't handle the debt. they can. what i am saying is that the leverage to earnings can really be significant and that made us pretty bearish. >> you are still short? >> you are still short. it's 24 hour hours later. we are still short. so it's turned into a long-term trade. here's the one cloimt that we are going to think about. next week they have an investor day. if they come up with someone fan taft ec as their new spokesperson which is a big deal for them who they will have. short of that i don't see a lot on the near term. >> big shortage going into this. sometimes they get it right the shorts. this is one they have gotten right for the last couple years. it's underperformed two, two.5 years to karen's point. i think there is a reasonable chance this thing continues to push lower into the mid-20s as shorts continue to push their
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bets. >> in terms of rules of trading, it seems like a dangerous game the short stock is down 6%. how do you know? >> i think you got to go with momentum. if you look at a stock, if aing to is straight up i'm not going to be the first guy to short it because you can get killed. if the stock has been down this has been down two years now, it definitely has downward momentum. that's a safer bet. >> container store announcing the top end of the range here courtney reagan what's the latest? courtney? >> mellissa the container store ipo pricing at the high end of the range at $18 per share. it recently upped the price target range from $17 to $18. from 14 to 16. demand is expected to be high. we see these shares trading tomorrow on the new york stock exchange under the ticker tcs. there are a lot of things for investors to be bullish about. first of all, 13 quarters of consecutive same store sales growth. also, total sales, growing
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fairly strongly average transaction size increasing over the last three years and in the s-1, the cohen takener says it can grow up to 300. there are some things that we should note. store sales have been slowing. even down margin has also narrowed. perhaps most concerning to investors, the company has not turned a profit in the last three years, though the loss has narrowed from $45 million loss in 2010 to just $130,000 loss last year. now, because of the very unique assortment, there is no pure competitor for the container store. it has about 50% exclusive product and also owns the alpha storage solution. it's customer is an affluent fe maim highly educated. busy, loyal, she tends to come back and buy a lot. something else to note is that the employee turnover is very low, in fact fortune actually ranks the company among the best companies to work for over the
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past 14 years. so you got low turnover very high average pay. look for this one to be a hot stock tomorrow. back to you, guys. >> courtney thanks, for that. karen fei nerman this is one the margins are narrowing. they nailed the demographic. >> finally affluent. highly educated. and her name is mellissa lee. that's in front. i look that out of the registration. i like the store. i like the product. i have to look at the price. >> i might like the business. i might. i have to take a closer look. >> not that they're comparable. tupperware has been unbelievable if you look. >> what? >> you put little things in little containers by things in big containers. >> gen gennious. >> i love the big containers. i got to tell you something, i got a ton of that stuff in my basement. yeah i do. >> educated female. >> i took it out today. >> coming up next today is on important one for hershey,
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kicking off the holiday candy-eating season but despite how much you love chocolate, investors might like it even more shares of hershey up 94ly 40% year-to-date. we got the chocolate debate. that's up next. as we go to break, take a look at if fright night stocks hitting 50-week lows today. back with that. straight ahead. ♪ ♪ [ laughter ] ♪ ♪ [ female
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>> another market flash down. >> that's right. shares are down in the after hours. just marginally.
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just marginally. they were offset in gold and copper. sticking with gold it's headed much more so that's after it announced it would raise around $3 billion in a secondary stock offering. baric plans to raise the cash barrick plans to raise the cash. >> thanks a lot for that. what barrick is doing is concern, especially since gold declined so precipitously, down 2%. >> $26 bucks today. yeah. listen, when you lock at newmont, this is why in this case, i was talking last week with grasso that the minors might do better because the costs are going down. >> oil is going down. >> exactly. the costs went from almost $4u6789 an ounce to 649. they're still trying to reduce that. if you think gold is going higher, which i do i think you
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want to be in the minors at this point. >> all right. well, of course, it is halloween, right? kelly's favorite holiday. and you can never have too much chocolate. any day, actually. investors can't get enough of hersheys. thing to is up nearly 40% this year. should you be sweet on the stock or is it about time to give you a stomach ache? >> glasso is the bull. guy is the bear. grasso, kick it off. >> first of all, we all know that cocoa is up dramatically this year. people think that's a head win for hershey. it hasn't appeared as so. they beat on eps. they expanded gross margins 3.35rs. they're growing internationally, building a $250 million plant in malaysia. that's their growth area. technically challenged. i admit. that i concede that to my good friend guy. if it crosses over the $100 mark par and traders terms, this thing is on fire can go higher. >> the malaysian growth met
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withstanding. the evaluation. it's crazy, the valuation of the stock has been great, stevie makes a good point. they trade close to 24, 25 times forward earnings. i don't know what the closest comp is maybe we can have that conversation later. they're more like 17 times forward earningles. price to sale about 3-and-a-half, four times. so valuation-wise these guys are extraordinarily rich. you mentioned they pet on eps. what you didn't mention because he didn't want to is revenues have been light. >> a clear point, my dear friend. >> that's how you win a street fight. you don't tell people. >> that's what corporations do. >> hold on you had your time. >> i think you went over on yours. what corporations do when cocoa goes up they use keeper packaging, less chocolate, they charge more for it. i get the revenue thing, they can work through that. >> you know what the theme parks. i know she is not a big water
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park person. i don't know if they have water rides there. >> to protect the investor at home seasonality can be a little weak if november and december. but it outperforms in january and february. >> did you hear the buzzer? 90 seconds total. >> i'm a little hard of hearing. thanks for picking on me. >> let's get the verdict now. where do you stand on this. >> kraft, tootsie roll those are other potential comeps. on the group, it's trading a 33% premium to all of those. it is fully valued at best. i would definitely be a better seller. >> the crows nest gennious. what is your favorite kind of candy. >> i now you were going to ask me. really? >> do we have time for a psa? >> don't think it doesn't matter. you get kit-kats in london the chocolate there is so much better. that's where you want to get them. >> in london. how much does that cost you?
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>> honest to god's truth. >> much better. >> it's a different story. >> all right. tweet us. let us know who you think won the street fight. hashtag bull. the results at the end of the show. meantime coming up next shares of joseph a. banks and men's we'rehouse. owe wearhouse. our friend are here with halloween spirits you do not want to miss. can you handle the devil's punch bowl? that is coming up. as we head to break, take a look at these scary stocks. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer
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so we are now working in chicago and in washington, dc and newark. it's amazing how important safe, affordable housing is to the future of our society. >> welcome back to ""fast money."" first up you will like that valuation. men's wearhouse getting a letter saying it is willing considering raising the acquisition price. joseph a. banks said it will pull its bid if men's wearhouse
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refuses to engage in the next 14 days or so. >> that's our speak for hey, we're going away unless something unusual hams. they put this letter out to do two things to get the shareholder base of men's wearhouse to really come to the board or to management and put a lot of pressure on them to negotiate with joseph banks and to spook the stockholders to also let the board know wow, you will go back down. >> right. >> if we walk. i think the more likely outcome here is that they walk. they've given a road map for how they will go away and men's wearhouse doesn't want to play. >> so you are joseph a. banks. what was the trade? >> it was down. the deal is far less likely to happen. it could but i think this is really a road map for how they go away. men's wearhouse will be happy for the short term. >> next up one low flyer seen love today, expedia is down 4%
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on the year junk 18% on better-than-expected earnings. where does it go from here? >> it's gotten half in back of that disaster we saw in august. i hate chasing stocks typically. the quarter wasn't bad. we got a bunch of upgrades here at $59 up 18% on the day. i think you can go higher and recoup the losses this summer and push back that $65 or $56 level we last saw. >> finally the world's largest credit card company, falling below expectations. what does this mean? really, the troubling thing about this report is what they said about the consumer in the month of october and spending across the board was down. >> consumer confidence has been a really a problem for the whole marketplace. i wouldn't see this as a real surprise. but every time visa trades down like this it trades right back up. if there is a stock that's in and up channel and continues to be so it's visa i'd still be a boyar.
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>> are you worried they said they saw softness across the board, it was supermarket, it was travel? >> it was everywhere. >> categories related to small businesses in it's confounding when you lock at today's chicago pmi when corporations are building inventories and ramping up production so there is something going wrong here. the thing is consumer confidence is very fickle. it can change very very quickly. >> how about if we weave back in crude prices? that's going to be a tremendous tailwind if it stays lower or goes lower for the done seumer. >> for visa it's an impact negatively. >> it could to be. >> right, biotech, aegerion joining us is the ceo. aegerion is up 223%. it is one of the best biotech companies if 20 thrown. mark. its great to have you back. >> thanks, melissa, it's nice to be back. >> it's interesting.
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wall street regarded the quarter as a solid quarter. the stock traded lower that day. i'm curious, talking to investors, what down was misunderstood about your quarter? >> i don't think anything was misunderstood about the quarter. i think you got to step back and put it in context, we took this company public short at $9.50. we did a secondary later and a secondary in january, '06. i think we see a lot of value creation because we are launching a break through therapeutic. the last few days when you launch a quarter with 152% sequentially from quarter to quarter, all the fundamental also of the business are solid, it makes it fun tore a public ceo. i'm being a little facetious in that. we are are focused on how do we get a 1 in front of that 8, to 280, we're laying all the
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muhammad u fundamental tracks right now. this product really makes a difference in patient's lives. >> you are no longer disclosing this as procedure. you are no longer prescribeing specific numbers, which you had disclosed before. you did say in the quarter, the numbers were accelerating. >> yes. >> this quarter. can you give us only color on that, what the pace is? was it affected at all by a shutdown or what not? >> you know melissa, in the rare disease commercialization business, it's about three fundamentals. is there a patient need? is there really a clinical need for the patient? do you have a disease modifying therapeutic and then you have access or reimbursement handle and in the quarter, what i communicated is all three of those fundamental also had never been stronger and if i lock week in week out in q 3 over q2 we had an acceleration of prescriptions on every account. so both worldwide as well as in the u.s. as a stand alone, so it
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was a spectacular quarter from a fundamental standpoint. when i look out over the next three years at our long range plan it's the business has tremendous leverage. >> i know the last time we talked the stock was in the 50s. we talked about how we liked it then. it's interesting, you talked about rare diseases. in watching the world series. i know a lot of guys on the team whose jacket you are supporting has a problem with hair growth. is there anything you developed to help those cats? because there are some ugly guys? >> i got to tell you, we have a few beards growing at the office. >> they want to rethink that. >> that team i was there last night. i had a good friend that invited me to go to the game. the spirit, the emotion, the passion, the sense of commitment, it was just electric. it actually reminds me of the aegerion team. we have a passionate group. we have 250 people. everybody is on a mission to get these patients treated. they will die of a stroke or a heart attack if we don't have them on therapy.
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>> it is a great story. we talked about it last time. your profits, you guys really started, you did much better than the street was looking for. you are going to be profitable at some point it looks zbliek is it next quarter? >> it won't. our go ahead won't. in this business and the reason why, melissa, we are heavily in the commercial industry. when we do break through the cash flow that a rare zez company puts off is just remarkable. so the leverage of this business we are going to feel dramatically in '14, '15, and '16. so we are giving giepd ir gains to break in '15. the decrease from cash burn from q2 to q3 was remarkable. it was better than expected. we hope we stay on that track. >> mark good to see you. >> thanks for having me. >> crude is at its lowest levels since june savvy traders are betting energy stocks could be a buy here. let go to micro-for the options action tonight. >> it was interesting. we saw well above average put
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activity in several of the a & p companies today. as we often highlight, it's not important to see those high volumes in these names, but take a look at the direction the names we saw this unusual activity was noble energy. we saw newfield exploration and southwestern. all of these trading above their average put volumes. >> we should note all time high yesterday, how are traders in that one? >> noble is the most interesting. the puts were the near data 75 puts. they saw activity last week as well. it looks like an institution that may have purchased these funds, maybe because the stock won't technically stretch or the market might be topping out a bit, might have been reversing their bearish, selling the november 75 puts collecting a buck-and-a-half. those are bets of course the stock will stay above that level. of course, there is a little trade school short dated options begin to expire very quickly as exploration approaches. they don't want to waste 2% of the stock price on a bearish
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bet. >> thanks, mike. ghosts of october past weren't enough to scare off the market gains. after the break, we trade the biggest movers of today's sessions. ♪ ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. (vo) our new planes don't fly any faster. but it sure feels that way. because with power ports...
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. >> i wonder what the obamas give out if carrot sticks? >> carrot sticks pares. >> that's live by the way. so lucky kid. all right. welcome back to top moments on cnbc. here's a rapid fire recap on tonight's executive edge. [ music playing ] >> it's an experiment we have never done before. so unfortunately, i don't think we can say how this is going to turn out. i'm sure in 127 pages of legislation, there are imperfections that will be
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changed over time. >> i think this market will get up to 20 times earnings or better. >> when do you think? >> next year. i think we will run up toward that level. >> just to be clear, we almost got 4,000 in sales, i have not heard a single one of them that any are haunted. >> what's happened with food rea tailing in the last ten years, really, is fragmented. where people want to buy their food is all over the place. we think of it now as a food retailing industry not just a supermarket industry. >> food for us is a frequency business, more of a fill-in business, so the food business just as a percent of our portfolio just plays a smaller role. critically important to drag frequency in our stores. not as quickal when it comes to aggregate tales e sales. >> at this point in time the stockmarket is somewhat bubbly. it has a high take. but we can still find sectors in the market and even though the market kwloefr all is not disastrously overpriced.
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if we everyone get back to like we were in 2000 we may have to rethink things. >> we will talk about food stocks, food retailing, as the kroger ceo likes to say. >> i think it's interesting they're talking different silos. it used to be so clear. now, everybody is going after everybody's territory, it makes it difficult. >> time for pops and drops, big movers avon down 22%. karen. >> oy. >> that is awful. and some of the rhetoric out of the call was even more awful. however, it was down so much that it is actually probably worth taking a lock. >> are you? >> i am. i am not long nor short. i am taking a look. >> microchip up 7%. this is a good call by guy, a good call by you. >> a retention by you. that was an abridged final trade the other night. >> yes. >> they smoked the quarter last
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night. i still think this stock has a lot of room on the upside. i'm not foreshadowing any trades there, you might want to look at shp. >> a drop from gold down 2%. >> big moved down on a lot of currency moves. the dar getting stronger here. i still think you can buy gold here. other central banks around the world will be printing a lot of euros, yen, that type of thing. >> droch for oshkosh down 10%. grasso. >> applied the three-day rule on technic also. it held the average of 45. look for it to hold two more days then it's viable. >> up 5%. micro-. >> you know my former colleague cheryl skolnick outlined the kathleen sebelius letter explaining the exchange traded plans are not considered a federal health deterrence plan that opens the possibility for some hospitals to potentially even pay the premiums for those poorest of poor patients that
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use emergency rooms all the time. that's a huge boone to them. that's the reason we saw a big pop in some of those names today. >> all right, coming up next you do not want to miss the black art or the devil's punch bowl. our friends from the brandy library are here with some very special halloween spirits you might want to get your hands on. we want to. we'll be right back. americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ♪ ameriprise
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>> now, when you think of halloween, you probably think of spirits. but which brew should you sip when kids are out trick or treating? the owner of new york city's brandy library, it's always great the see you. >> thank you. well. >> these are some great names. you are saying these are good as well, it's not just a sales gimmick? >> they're good. i went to look at the liquor stores. i needed to fill my bag with treats. that's what i got. i got that superstition on the devil's punch bowl. it can be spooky that a 22 year
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malt and that if you want to be taken into the whirlpool of scotch whiskey, this is it. >> i want to be in the whirlpool of scotch whiskey flavien. >> i can take you there. >> how much is that going to send me back? >> you don't have to spend a lot of money. they are $50 to $170. but this is candy. you feel like having chocolate? are you an adult well you are an adult. you request just have whiskey. that's unfair. >> i'm sitting here minding my own -- that's a hard question wise guy. we heard visa said consumers ratcheting down. you have a great establish. that we hope to visit soon. are you seeing a slowdown in business or is it just as busy as you have ever seen? >> it's busier now? why, because the whiskey and brandy producers are making it better, with more limited editions. more things are hard to get,
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more expensive. the scary part is that they love it. they keep coming back. >> what is the hottest bottle for the fall to have in your cupboard? >> that's actually almanac. this is so rich. complex. you got to go for it. just about any almaniac. >> what's the difference? >> both can be very very potent. but a koch is a whiskey, grains at the base. almaniac is a brandy still wine packed with frafrs both of them greatt voter. something is going to explode. >> so there is a call for dry ice. we can hear it bubbling. it sound like there is a stream running in front of us. then it popped. no joke. so if we're off the air, you know why. >> i think it's the time to drink some of that. it's getting spooky. the black op could very well be the brew. the devil's punch bowl i'm a
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bit scared to get there. >> really. >> i wanted to match the color of your dress, that's why i picked that bowl. >> this is uncomfortable, to take her into a whirlpool of skomp. she says she wants to go. you said you are matching her dress. what's going on here? >> it's the magic of whiskey. >> now we know what popped. >> it's always good to see you. flavien owns the brandy library in new york city. after the break, our ""fast money"" final trades. yes, there will be costumes. before global opportunities were part of their investment strategy...
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[ male announcer ] here at optionsxpress, our clients really seem to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub. o well tell him i said you're welcome. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. yea, and these ideas are across the board -- bullish, bearish and neutral. i think you need a bigger desk, pal. another one? traders love our trading patterns, now with options patterns. what's not to love? they see what others are trading -- like the day's top 10 options trades by volume -- and get ideas! yea i have an idea: how about trading that in for a salad? [ male announcer ] so come trade at the place that's all about options and futures. optionsxpress. open an account today and get a $150 amazon.com gift card when
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you call 1-888-330-3137 now. optionsxpress by charles schwab. my customers can shop around. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates so we can make better health decisions. that's health in numbers. unitedhealthcare. >> all right. who won the street fight? steve gruesome. >> he was the bull. i was the bear. >> shut up. don't confuse me with the facts. >> all right. let's do the final trade. steve. >> hershey by the weakness in november and december. >> it looks like puss-n-boots. >> i think you take profits from tlt there. >> karen. >> liberty interactive linta.
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>> my costume comes with a tame too. >> it does. >> that sucker is going, it's going for watching. happy halloween. "mad money" starts now. >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and 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 friends. just trying to safe you money. my job is not to entertain you but educate and teach you. call me. 1-800-743-cnbc. lot of talk about bubbles lately. you hear it from smart people who've been around for ages. you hear it from young whipper snapper short sellers who need the market to come down. so they won't loo
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