Skip to main content

tv   Fast Money  CNBC  November 6, 2013 5:00pm-6:01pm EST

5:00 pm
see down 8.25%, the action decelerated in the fourth quarter. okay. twitter is about to price the ipo. we will send it over to fast money. they are on it. they will bring you the pricing as soon as it is public. have a great night everybody. >> live from the nasdaq market site, this is fast money. our traders tonight and we have got a lot of ground to cover tonight. let's get strigt to it. to all the afterhours action from whole foods to qualcomm. let's get straight to twitter. hey, kay la. >> we're expecting that call to get underway over the course of the next hour. sits board and executives will
5:01 pm
decide on that key number. a lot of orders will be flooding in. everyone else can figure out where to buy from there. what we know is sources believe will be pricing above that already raised range. that was 23 to $25 a share. a $27 per share price. if you looked at twitter with all the stock based compensation then you would get a share 705 million shares. at that, it's a $19 billion valuation. so incredibly rich there. we want to let you know that a lot of people are not expecting to get shares in this. and the desks at the
5:02 pm
underwriters are trying to prepare the rest of wall street for a lot of zeros. tech managers said they were preparing to have this be the first ipo where they got no shares in the deal. a lot of people will be clam moring to get in. even with a $19 billion valuation, a lot of people will want to get in. just remember, you can't get in on this until it's trading on the open market. that's how many tweets are coming in with the hash tag. salespeople are actually tweeting about their expectation. over the course of the next hour we have to have more news for you. >> thank you very much. doesn't look like much right now. bob is standing next to post eight where twitler start its
5:03 pm
life as a pubically traded company. usually these things are much delayed after the open. >> it will be trading right here. starting at 8:00 a.m., i will be here with the ski of the nyse. is he perfectly confident that this will open with no problems? we're going to go inside the post. scott will be with us, the ipo here. blow by blow destrix. how do you build an ipo? what's it like? how do you figure out what the pricing is? we're going to go back out here. this whole area will be filled with brokers.
5:04 pm
my best guess now is 10:00 to 10:30. not at $30 but at $40 or above, it could take a little longer. we will see. it will be very exciting and historic. you will see things that you have never seen before. back to you. >> thank you very much. should you buy twitter is the question? the pros don't like twitter for their clients. 100% of financial advisors say they are telling their clients to steer clear of the twitter ipo. steer clear of it. why. >> no surprise there. >> look at face book. we're all fooled on facebook. we thought it would be the next google. the stock lost 30% of its value within a couple of days. 60% in months. so why would they want to recommend this one.
5:05 pm
>> it could be. you want 500 shares. you put in for a thousand. they put in 200,000 shares. people got filled and creamed. no one is getting anything. the demand is going be great tlchl is no supply. there is going to be a lock up. in february, i did 10 million shares. is that something to consider? >> i'm going to get 0 for sure. do you think the chance is out there?
5:06 pm
>> i don't think so. i think because it's such a small deal there is plenty of room and institutions that need to have this. here is the thing. if you buy 100,000 at 27 on the deal, you buy another 100,000. >> mike, i want to bring you into the conversation. >> you know, this is one of those situations first of all because they are promoting so much less stock this is not the exact same situation. i wouldn't expect it to end up closing the way facebook did and never look back. you would be very foolish to chase it here. you take a look at what the analysts from the banks who are actually on the deal are forecasting for this stock. i don't see any reason why you would want to go and buy this tomorrow.
5:07 pm
it would put it just under a hair below google when it went public, a way back when. have they manufactured a pop? >> oh yes. >> they are leaving a lot of money on the table here. >> well, yes and no. i mean, they are trying not to leave very much on the table but they are only offering 70 million shares and as kay lasaid, it's going to go to a scant number of folks. telling you know you that 500 shares? make it 5,000. we're heroes. >> i done want it. >> we brought it up on the desk. a couple weeks ago. ali baa baa is coming out. they want the allocation.
5:08 pm
>> you think the hands will be stronger because they will want a piece? >> they want a piece of the alibaba. that will be the ipo that everyone wants in on. i think they will be stronger hands than we have seen on a lot of the different ipos. >> it's not going to be the pros that buy it. it's going to be ma and pa. that first half hour of trading we call it amateur hour because a lot of folks that are getting in are not really aware of how that news is going to play out and how many of us knew that hours if not a full day ahead of that news coming out. know that tomorrow morning what the range was. people that don't play this game might. >> that's a great point.
5:09 pm
do not put a market order on the limit. >> let's move on. bringing an investor in. >> you would not buy this at all. >> if you look at valuation, and be caught up in the emotion i have to look at valuation. you are looking at a price to sales ratio of over 30. if you look at where facebook came out, it's probably the most expensive ipo on a price to sales basis we have ever seen. so we think the stock is priced for perfection. we're not confident that the business model will be as broad or successful. we're going to sit back and watch. we were hoping to see it around
5:10 pm
20. that gives it a price to sales ratio that is closer to facebook. and we have still got to see the management team perform and we have got to see if the advertising initiatives stick. so we're going to sit back and watch. >> so let's be clear. even if you got an allocation of twitter you would say no because even at 27 in your view, that's too richly priced. only at 20 would it be fairly valued? >> i think under 20 it would get interesting. fl is a number of scenarios where the stock could do extremely well. but analysts are pricing in extremely strong growth. if you look at monthly active user growth it's been slowing. 6% sequential growth. that was troubling. if you look at of the monthly average users, you saw time line go down. maybe this is not anything to worry about but if you are about
5:11 pm
to pay 30 times for this, i would be a little concerned that these trends are going in the wrong direction. >> thanks for your time. appreciate it. whole foods dropping on disappointing earnings. hey, jane. >> i have been listening to the conference call and they are explaining why they have louered their outlook in fiscal year 14. that is really the big news. they beat on the top line slightly for the quarter past. they missed on their comp store sales growth. they are now saying they expect comp store sales growth between -- that's a full point earlier than expected.
5:12 pm
a lower than expected transaction. across the board and in basket size all over the place. they are really blaming four things. a strategic pricing niche ti on their own part to help better meet a rival and that will pay off in the long term. a cannibalization. they open for example, seven new stores in boston. long term they expect to see comp store sales. competition again and currency. the company is not immune to the larger economic environment. they are seeing what is happening and they are concerned with what is happening with consumers. they say this last year, the year just ended. was a record. they opened a record 12 stores. hope to open five more. and they are continuing forward with their accelerated plans for new store clotgrowth.
5:13 pm
we have so much news breaking about twitter and all the rest, i said it was expensive. 30 times free cash flow. you look at sprout, which is a big competitor and the fresh market, both of them eating into what whole foods can do as far as pricing because they don't just have no competition any more. it's not getting to be quite competitive in the space. >> missing on earning shares are trading lower. john spoke to the ceo just before the conference call. >> melissa, a lot of interesting stuff here, slowing high end of the smart phone market hitting
5:14 pm
qualco qualcomm. they are doing some cut backs. a few people may be letting go. among those fixing the product cost. they are competing in emerging market with names like media tech. he says that coming out of fiscal 2014, opex will be lower than it is now coming out of 2013 because some of those things that they are doing but he is signing an optimistic note on this sense. there is yellow and red flags when they say this is going to be a back end loaded fiscal year. he puts wood behind that. china is supposed to launch in the back half of next year. that should be solid. they have a number of tablet wins including amazon, google, lg and sony. but the slowing high end seems to have caught them by surprise.
5:15 pm
that and guidance for the coming quarter was lower because he has given some price breaks and incentives to customers to have long term relationships. traders don't like that so much. >> thanks a lot, john. there are a lot of things to that. i think of apple in terms of what this might be. if you believe that 2014 is not back end loaded, could this be a buying opportunity? >> the company has an analyst meeting. you may see the thing trade back up. sit not priced for perfection like whole foods. i would be a buyer in a couple of weeks. >> coming up next, the street is buzzing. we are expecting the pricing of those shares tonight.
5:16 pm
someone at this desk was selling google today. good move? the traders chime in. we have got some rare footage of steve cohen and he is in a fighting mood. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading.
5:17 pm
5:18 pm
5:19 pm
>> you >> you don't have to change your statement. >> i want to know which one is the policy. >> i will answer the question the way i want to answer it. >> but it's non-responsive. >> okay. i'm answering it because i believe that the intent of this is to have the employee act in a certain way. there may be a time and i can think of times when he uses his own judgment because he knows how to act in the situation. >> you're looking at not before seen video footage of a 2011 deposition of sac founder by fair faction financial holdings
5:20 pm
which had sued him privaterily. this was cohen's response to how traders handle unique situation s as you can see it gets a little testy there. on a related note, sac has signalled that it's planning to fight the sec in another civil case against steve cohen personally for failing to soup vise employees who broke the law allegedly. that's going to be something to watch in the coming months. >> all right. kate, appreciate it. let's go back to twitter. of course we are awaiting pricing on those shares any moment. as soon as we have that we will bring that to you. expected df a share. we have got to ask, are investors selling other internet stocks to make room in their
5:21 pm
holdings for twitter and should you be buying those dips? of course we noticed some pretty big moves. what do you think of this whole notion that people are selling in order to buy something else? >> i don't buy it at all. this one you're talking 70 million shares. if the green shoe happens to be ten million shares or something like that, this is a drop in the bucket. nobody out there needs to raise money to buy this one. i mean, i think that's a lewd chris -- >> are they using it as a premise to say let me lock in some of my gain. it might not be that they have to do it but it's something to initiate. >> are people worried? you saw the slide. pretty nasty. they beat and raised.
5:22 pm
down 3.5% on the day. that speaks a lot to risk appetite. to karen's point before, is there a chance that this thing dumps like facebook? i don't know. it was like 35% lower. >> they sold $420 million. >> it's up less than the market is at that point. to me, what does twitter do if it opens up? it could make facebook look cheap. >> i'm long google. i wouldn't sell it in the face of this. i think as you are saying there is so much money out there to easily aborb what they will be selling. i eke wondering what ear not going to to see news from twitter for two months on earnings so people would be flying flind for a while. >> you just can't deny the selling that we have seen. >> go ahead. >> i'm not saying that that's
5:23 pm
the -- what i'm saying is. >> it doesn't matter what the reason is. we have seen an 11% decline since october. do ewe use that opportunity? is this a good place to buy? >> there is is a bunch of other reasons why you see that the average use ser not as engaged as they used to be? >> to me the fundamentals are maybe changing. tesla was down 15% today because of fundamentals. >> i would say additionally that one of the big things we have all sited was the botched ipo. that people didn't know until late in the day that they were long. if the new york handles it better. if it's a smooth ipo tomorrow, i
5:24 pm
think that chance goes to almost zero that this thing hits with a thud tomorrow. but if there is any kind of glitch, then all bets are off. >> of those three, linked in, baidu, facebook, would you use the dip to buy? >> baidu yes? in my mind they have a franchise in china. >> let's hit our trade of the day. it is a play on another internet stock, google. >> this was an inkresable pop. the biggest pop in history of equities to see the sis of this pop on a dollar amount. i wanted to hold on to it when it ran out of momentum. >> i'm still holding. i have a long term bet here. i knew i was not going to be
5:25 pm
able to trade around. >> let me put a statement on that. i am a trader so i don't have a time line like karen. i reserve the right to roughly $1,000 or just below to buy it back. >> coming up, microsoft getting a nice pop today. it's down to the final four. swre got the microsoft trade coming up next. .
5:26 pm
if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years.
5:27 pm
humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. for many adults, humira is proven to help relieve pain and stop further joint damage. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure have occurred. before starting humira , your doctor should test you for tb. ask your doctor if you live in or have been to a region where certain fungal infections are common. tell your doctor if you have had tb, hepatitis b, are prone to infections, or have symptoms such as fever, fatigue, cough, or sores. you should not start humira if you have any kind of infection. ask your doctor if humira can work for you. this is humira at work. customer erin swenson ordebut they didn't fit.line customer's not happy, i'm not happy. sales go down, i'm not happy. merch comes back, i'm not happy.
5:28 pm
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. >> another market flash here this time an american eagle both
5:29 pm
moving big time in the afterhours. >> it's a consumer discretionary. let's start with american eagle. the teen specialty apparel retailer upped its earnings per share outlook to 10 cents from its prior guidance. that's slightly better than expected really in terms of the marginal stories as well. and then there is temper sealy reporting sales that both beat estimates. and also, though, the international results slightly below the expectations. >> ten times the open interest at the 42.50 strike and about three times the interest at the 37 strike. the stocks popping in the afterhours. 47, melissa, we could see that
5:30 pm
tomorrow. >> we have got breaking news here. let's go in for the very latest. >> hey, that call is. >> it's just a formality. we know that bankers have wanted to price this deal at 27 dollars a share. this could be a fairly short call but i wanted to let you know, call starts at 5:30 and we should have pricing to you before the end of the show. >> keep us updated, that pricing any moment now. another big afterhours mover, we have got more from that conference call. jane? >> melissa, the conference call just ended and while most of the talk, they are can baaizing.
5:31 pm
home delivery, they are experimenting on it in certain markets. we haven't seen a business model that really works and what might be a slight at amazon they see five to ten years from now, home delivery that last mile is not going to be a major factor in the grocery business. and a word i don't think we have ever heard. food is not going to be disremediated like other things will be. i think that is what he said. >> the numbers were good but not good enough to meet some high expectation and valuation in the stock. but you guys are looking to actually possibly step in? >> i sold two-thirds of my
5:32 pm
position. i'm still long a third of my position and i'm watching it now because i do want to buy more. i want to say that the story is in tact. the numbers were not terrible to me. they are selling it as if it was a bust. when this company starts to actually really roll out lots of units across the world, doc seems to disagree. china is going to be a big market. >> the point is you don't need to talk about valuation here. there is another good trade. >> and the poor level is -- >> if you can consolidate here,. >> those are great numbers to look at. the number you really want to
5:33 pm
look at is the low from today. if it breaks that it is negative. >> it's it's the numbers were okay in line with what he was looking for. so he was looking for more. >> if it was 21/5, he is not on track for what he was looking for. if he can only produce 7,000 of those, then that's a huge deal. already you may use it, your kids may abuse it that and much more ahead.
5:34 pm
you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪
5:35 pm
5:36 pm
towelcome back >> welcome back to fast here at nasdaq market site in times square. microsoft hitting a fresh
5:37 pm
12-year high today. the tech giant got its short list. the short list is now down to four including ford motors and former nokia ceo. it expects him to be named by the end of december. we saw it rise and again today. would you buy it here? >> no way. ford on the dip. this is not the guy for this job. >> why not? >> spent his whole career at boeing. he did a great, great job. he is an old man. but he was going to retire. this microsoft job is is a massive job. this is a 300 billion market cap company.
5:38 pm
pete cited the unusual buying activity today. would i be surprised to see a pop to the upside? i would not be surprised. i don't know how long-lived it will be. i do believe on that list, that's the name that moves the needle the most. that's what gets the stock through ford. >> maybe it was no coincidence. >> i think that's right. he is a phenomenal ceo. i think warren buffet was the one who said a brilliant management meets a business with a reputation for bad economics, the reputation of the business remains in tact. i'm not saying that microsoft's business reputation is horrible. what i am say something they are linked to a business that is obviously in some distress. and i'm not sure that anybody else can change the fundamental picture that is causing them to be under some pressure here.
5:39 pm
i'm not sure to dan's point, that he's the guy that can turn the company around. i'm not sure that anybody can. >> no matter who was appointed ceo, will the stock sell off? >> i think it's going to be a sell the news type of event. >> no matter who it is? >> i do believe that. but i would turn around to karen and say how much of this run up is about fundamentals and how much is about the ceo? they did blow out. >> i think a fair amount about the ceo. but we talk about this all the time. does whoever the new ceo is come in and do the kitchen sink kind of quarter? great company, we're thrilled, however. just to lower the bar for themselves. >> i am agreeing. >> has been actually doing a massive reorganization. to me this guy is going to have to come in and bring new people. they need young energy. he is not the guy to do it.
5:40 pm
>> they could do it from inside. >> that's true. >> there is one. >> all right. cbs and activision both out. >> cbs reported record third quarter earnings right in line with expectations. the earnings call that the month long time warner cable black out did not negatively affect results. retransmission fees with bigger increases coming in years down the line. cbs's earnings grew while revenue grew a faster than expected 11%. now driven by the fastest networktizing growth, all is going well and after the spin off of its outdoor business next year more than half of the companies will be from a fast growing non-ad business.
5:41 pm
stronger than expected revenue of $657 million. but the stock is trading lower right now because even though the company boosted its full year outlook on the strength of those results, the fourth quarter guidance when you factor it all in. >> for activision, it should be a very strong quarter. >> for both of these, but in particular for activision. and the fact that play station 4 is out along with xbox one that comes out in a couple weeks. that one, i believe, is the 20th or so at the end of november. i think both of these are going to be big for the gaming and into the holiday shopping season. >> time now for pops and drops.
5:42 pm
>> this was a modest beet. they raise the low end. the stock has been a massive underperformer. >> got to drop you for chesapeake energy. >> we continue to get weaker. closed below the 50 day moving average. >> this is the thing that i think was disappointing, particularly the ticketing business. i like the story long time. i think they are doing good thicks. >> these guys are going to stand the benefit for more people being forced to buy health care. they have said as much.
5:43 pm
trades up near the highs. i believe it will breakthrough 100 in the next week. >> got a drop here for zillow. >> what does valuation have to do with it? this is a situation. and then obviously seeing it, an upside move by a close lower. this is obviously technically very weak with the stock. >> coming up next. all of the latest news, the conference call going on right now with the underwriters. we will bring you all the details. ke rowe here at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires?
5:44 pm
your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where'd you get that sweater vest? your ford dealer. before their gift helped preserve the point... before a credit solution was used to expand their business... before trusts were created for their grandkids' educations... they chose a partner to help manage their wealth... one whose insights, solutions, and approach have been relied on for over 200 years. that's the value of trusted connections. that's u.s. trust.
5:45 pm
a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal
5:46 pm
to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> some traders are betting that there is more pain to come. mike has been tracking the day today. >> we were taking a look at the activity. it was interesting because with only about an hour and a half before the close today we noticed that yelp had the top
5:47 pm
three most active options. and then linked in, two of the top three most active options were all puts. and sometimes we're interested to see unusual volume. certainly an hour before the close was looking pretty bearish. >> and you were looking at group on? why? >> group on stuck out a little bit for a couple of reasons. we saw a fairly large trade. puts and sellers of the nine puts. they were spending on the trade. close to 5% for the stock price which is a lot. only a few days to go. that lower strike is $9. a 10% decline where from the
5:48 pm
stock closed today. let's bring in sam, the founder and ceo. for more on this. great to see you once again. i have got to ask you, in today's trading it was notable to me that two early investors were traded lower. they are thinly traded but have sizable amounts in their own portfolio. >> i think the vast majority of their stock the sharers are in facebook and lynned it. there is some expectation, wrongly so, that there will be a twitter atm effect.
5:49 pm
reality is as we talked about, it's a drop in the bucket. we're talking about no more than two billion dollars. there's not going to be a twitter effect. >> at $27 a share. let's say that is the pricing. that's what we are hearing at cnbc. >> what would you anticipate. >> first of all, the value of this company at 20 to 33. even at 27 they are leaving money on the table. i know it's hard for some people to believe. yes, wi we leave money on the t. twitter goes public one time and
5:50 pm
we have to go back to those investors 100 times. yes we leave money on the table before investors. we do. that's what we do. so the fact is it should pop easily on the first day and we will have sustained interest in the coming weeks. and you know why it's so important to twitter? a massive m & a shopping list. they have a massive appetite and they will buy it with stock. they want it to pop and be a sustained basis. >> okay. so in the aftermarket, for their average investor who will have access only in the aftermarket, walk us through in terms of lock ups and how the shares should trade as we go weeks and months. from the opening trade over six
5:51 pm
months for internet stocks, moe of them decline. about 60% declining. >> they do. >> they should buy something in the first two, three, weeks and then they should wait until that first lock up exspires. in twitter they have two lock ups that are impending. there is an additional one that will happen on may 15. they should buy some allocation that will be the window on the summer dull drums. >> sam, thanks for your time. okay. trade school's in session. after the break, dr. jay is demystifying the trade before twitter hits the market tomorrow. stay tuned. [ male announcer ] once, there was a man
5:52 pm
who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your trading platform with think or swim from td ameritrade. get live squawks right in your trading platform customer erin swenson ordebut they didn't fit.line customer's not happy, i'm not happy. 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.
5:53 pm
i love logistics.
5:54 pm
>> >> let's stick with twitter
5:55 pm
here. some terms you need to know in order to trade it. >> we dropped that one to start with and no that's not mel's favorite shoe. the green shoe is actually an over sell of the ipo. if they're going to bring up 70 million shares then the underwriters are selling that 10 million shares. they're going to use that to support the stock. they're not going to oversell like that if they believe the stock is going to pop to 35 or 40. because that would be foolish. that would be somewhat crazy. but very few other people will be able to short at all. but as part of the ipo process, how much they can sell and i believe it's right around 15%. so green shoe, that's what is known as the overselling of the ipo. the other part of it is obviously people go out and they -- some people are called flippers. the people that get in early and flip it right out that same day.
5:56 pm
goldman in particular was looking for people that would not do that. to dan's point, people that would hold it in hopes of getting the alibaba ipo. that's what is. >> grasso, that was your point? >> of course. it's over. first move tomorrow when we come right back. stay tuned. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us.
5:57 pm
we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it could save you in out-of-pocket medical costs. call now to request your free decision guide. i've been with my doctor for 12 years.
5:58 pm
now i know i'll be able to stick with him. [ male announcer ] you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.
5:59 pm
time >> time for the final trade. let's go around the horn. >> free point has been on quite a run. one way you could still participate is by selling out of the money january puts. >> potash. i love the support down here around the 31 level. >> dan? >> a little corning today. i think it was unfairly battered yesterday. >> karen? >> best trade i ever made, marrying my husband.
6:00 pm
november 6. if that is not your thing, short -- one or the other. >> all right. doc? >> pbr. a lot of call buying in there. >> thanks for watching. see you tomorrow. mad money starts right now. i'm melissa lee. thanks for watching. "mad money" starts right now. my mission is simple. to make you money. i'm here to level the playing field for all investors. that'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. i'm trying to make you a little money. call me at 1800-743-cnbc. stocks cannot live on growth alone. you need growth, plus execution. you need for your business to hum without a mi

209 Views

info Stream Only

Uploaded by TV Archive on