future. and i want to know if they get acquired by somebody else. >> that's true. thank you, guys. kevin, thanks very much. >> thank you. >> for joining us from across the country. "fast money" coming up in a few seconds. what's on tap? >> so much to talk about the apple/comcast potential deal. maybe the stock that will be impacted is netflix. the traders will give you their take. and also, their momentum stock shopping list. >> very good. over to you guys. >> thanks, kel. "fast money" starts right now. live from the nasdaq market site in new york city. we start with the market alert. is this the pullback we've been waiting for? the nasdaq taking a hit today. but the momentum names that are getting hurt the most. and for a variety of sectors. solarcity, fireeye, tesla, and priceline. is this the pullback where you pull the trigger and get in on some of the high-flying stocks. our traders, tim seymour, brian kelly, karen finerman and guy

adami. we saw a pullback in the nasdaq. it peared the losses throughout the session with the help of tech names, microsoft, apple, ibm. >> these are places where there's some valuation argument, not just momentum behind them. certainly at microsoft. if you look at where the market was, a lot of people came out this week, we failed o break out on friday. we didn't get there. they were weak after triple witching which has been a tough week. we had china pmis last week. this set up for a challenging day. when you have weaker pmis in this country, people were worried. i don't think this is the reason to run for the hills. >> i would agree with that. you're asking about the momentum names, a bunch of them, i'm in. i do think so. i think you get into them now because you saw the bond market today in the u.s. didn't confirm the weakness. you saw copper not really confirm the weakness. china, overnight, was strong. this wasn't a broad based sell-off. this was in some of the high-flying names. they're the names i got into it

because i thought they would move more on the market. >> we're showing the declines. they're three-day declines. and the talk of the markets for the last couple of days, biotech. and whether this is a bubble we're witnessing the bursting of. >> i never thought it was a bubble. you talked about it at the top. now, it's sold off significantly. i thought the low it made today was interesting that 232 low was the same low on february 5th. did big volume, about 6 million shares. two-times normal volume. so, i'm of the belief it's not the individual stocks that's driving it. it's the etf driving the weakness. i don't want to get too wonky. but i think somebody's blowing out the etf. >> i think that's a good point. ibb, specifically biotech, have been strong through the end of february. the influence into biotech happened about 65% of the inflows in all of 2013. it's massive money being allocated to this sector this year alone. >> that's got to be a huge move

because again, we're talking about some of the larger cap companies that people are trading even in the s&p in this index. to expect that this is just one player coming out of the etf. and obviously, can be a big hedge fund, who is playing with an index, gives them diversified exposure. i think these things have gotten ahead of themselves. huge momentum. >> karen, buying opportunity here? >> there was an interesting trade. we were long the ibb. long the xpi. this has been a painful few days for sure, off of a big run. there was an interesting trade, buying out-of-the money calls. and looks like it was funded by selling a put spread. or it was the opposite of that. and you can make a bullish or bears case out of it. i think it's probably worth a shot to do some calls and call spreads. probably a lot of volatility in here. it's interesting to me that the sentiment, moving what does tesla have to do with biotech to do with chipotle? apparently, they're all momentum stocks. so, that kind of action, i don't like to do anything off of that.

i feel like the sentiment could go quickly the other way. >> celgene, a decline of 12%. >> downgraded the stock. it rallied off that for a week. and it sold off. good for them because i killed them at the time. i don't think the celgene story has broken at all. it sold off, in my opinion, for the wrong reasons. the balance sheet is teflon. they have cash on the balance sheet. and they have some groundbreaking drugs that dominate in the space. i think the sell-off is overdone. but i have to be honest. i thought it was done $5 or $6 ago. but bouncing off the 232 level, celgene would be interesting here. >> would you buy solarcity here? >> i was saying you buy at 75. this is a name where i think coming into this, you've got record bookings proceeding record installs.

you have a company that's clicking on the a.b.s., the underlying assets. this is a place where you have cyclical defensive positioning in an economy that people are questioning. the solar rollout of what these guys are doing is not happening anywhere else. to me, this is a name that i think you have to take a look at, at least at these levels. $60 is the level to hold. i don't think you buy it until then. >> let's talk about your position, beakers. >> let's talk about it. >> you got into some of them at an inauspicious time. >> i was down. and now, they're down more. i bought a little more today. i don't want them to become -- >> more what? >> more tesla. i bought more twitter. i think all of them, tesla acted the best today, after going down to 210, close to 220, 221. if you're going to get into something, that's the place to go. i think the news flow on this could start to change. we're going to talk tonight about the new jersey auto dealers. but the news flow is beginning to change when people start to

want tesla's model in their state, to clean arizona and other places. >> this is another momentum stock that was under pressure. netflix down, following reports that apple is teaming up with comcast to develop a new tv streaming product. mark mehaney joins us. i thought immediately to reid hastings and his reversal on friday. maybe he's mad that he had to pay the isbs. and now may be forced to play the isps when apple can cut this back door deal be the treated differently in terms of its traffic. >> that may have been -- your theory may be spot-on. reed hastings is clued into that industry. one reason we don't focus as much on that is that's a little part of the cost structure for netflix. the issue, if someone came out with a better solution, in terms

of speed and packaging. i think it's unlikely to come anytime soon. and i think it's unlikely to come from apple. >> apple has deep pockets, obviously. and you don't believe it has a chance to win the content deals? to pay for the content that might make it a better product than netflix? >> there's two competitors here. apple is one. amazon in that camp. probably the most disruptive. and google. they don't seem to have the subscription consumer expertise feel that the other companies have. apple is a very legitimate competitor. the issue with apple is, it has a very nice business that it's built up, selling video, selling media, and books to some extent, and music. they don't need this business to sell more devices. they don't seem as aggressive a competitor as amazon could be. >> to me, i look at apple and i think, the services is where this company has its future. i don't think it's a hardware company. and i look at how they started

to control the music industry with itunes. and people thought the ipod was a growth model that was trajectory nowhere. and look at apple and look at a company that needs this on some way to survive. this is the largest company in the world. to move this thing, apple tv is something that structurally transforms their business. >> they could pull this off. and you're right. they have the cash, the brand to do this. whether they have the skill set or not remains to be seen. the music business has moved away from itunes. we're moving towards the streaming/rental model. anybody trying to sell retail music knows that. the advantage that netflix has now, they have 30 million paying subscribers at a low price point. and they develop more content, too, that's showing through about the satisfaction levels of netflix. apple can come into this game. they're going to have a lot of catching up to do. they have advantages. but it's a big catchup.

and the longer they wait, the longer it's going to be to catch up. >> going to leave it there. mark mahaney. over the past two days, netflix is down about 11.5%. >> i don't think you can replicate it. i don't think you can replicate what netflix has put together. i'm a believer of netflix. we talked, i think on friday, about the fact that this could trade down even lower than it was on friday. it did. i think you've corrected now 50% from basically the 325 low you saw earlier this year. that 458 high. i think all the trading metrics line up. if you've been looking to play this from the long side, to me, it's the most interesting they've been all year. >> betting on netflix has been a disaster. unless you time this well, i wouldn't bet against netflix. i would bet on apple. i look at 9% of the revenue software and services. china mobile will help and support that ecosystem. they convert a bunch of chinese

iphone users. we'll tell you the key level up support to watch with carter braxton worth. and meg whitman's blunder involving 3d printing. why dennis gartman is rushing off the bad chinese data and getting bullish. stay tuned. ♪

[ 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 75% 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.

time for more disappointing manufacturing data. but stocks in china rallied in the hopes of a new stimulus. does the bad data matter right now? are we in a world where there's a beijing put in place? >> i think after the collapse. and it's been a long and protracted bear market. i think the weakness, the collapse in chinese shares. and what's going on in the chinese rahamimby. i think it's flowing over time. the fact they're allowing preferred stock to be traded. china is moving towards a freer market. and prices have gotten me

interested. i might want to be a buyer of chinese shares, especially using the etfs that we have. >> how are you doing, dennis? >> hi, karen. >> the idea of a beijing put. is that a money put? or would that kick in a fair amount lower? >> i think it's an at the money put. that's a good question. it's spot-on at the money put. no question. >> dennis, b.k. we've seen copper come off. what are your thoughts on the copper trade, if china is going to stimulate their economy? >> i've been short of copper and covered it way too early. i'm going to lean in your favor at this point. i think they've done a lot of damage to the copper market. the fact that copper didn't break today i thought was very impressive. thought it was interesting given the fact that share prices came back late in the afternoon. if you make me do something in copper, i'd rather be a buyer than a seller. >> does your belief about china,

dennis, make you more bullish? is that why you've gone from pleasantly bullish to aggressively bullish today? >> yeah. i think that's one of the reasons. first of all, let's be honest. the trend in stock prices here in the united states, simplistically, is still from the lower left to the upper right. if you faded that, it's people trying to fade netflix. it's hurt and a discouraging trade. the trend is still upward. i don't see the economic statistics or circumstances prevailing. i don't see the fed doing anything detrimental to share prices. i expect that the trend is going to continue. the fact that we consolidated on these levels about a month and a half, i think we're going to break to the upside again. anybody who bet on the other side of the trade has been hurt. i'll bet on the side that's winning, which is bullish. i was pleasantly bullish before. it's time to be somewhat more. not truly aggressively, but a little more -- a little more aggressive than in the past. >> dennis, it's tim.

i think the trade is -- the nbc trade has been anything but china. i think this is a sentiment trade. you have the view that china has been so beaten up. i think the pmi numbers were weak enough where you start rolling off the assembly line. stimulus stuff you know is there and in the hopper. how much of this do you think is a china play? and let's broaden it. i've got a view here. there's a trade emerging that is way oversold from an allocation perspective. >> tim, i'm going to let you take the emerging markets on your own. emerging markets are markets that you cannot emerge from in an emergency. that's a good analysis. the only market i'm comfortable with is china. and the chinese gdp growth will be north of 7%. we're not going to see 12% and 13% that we got used to. but i think china is doing all of the right things at this point. it's simulating. it knows it has infrastructure problems.

and it is doing all the right things by letting its currency on a more consistent basis float more freely. if you're going to make me do something, i'm going to be a buyer of chinese stocks rather than other emerging markets. i will leave emerging markets to you, far wiser than i am. >> dennis, great to see you. >> mel, thanks for having me on. >> dennis gartman. he would buy the fxi. would you? >> i think you can buy fxi. there's other u.s. plays. southern copper. and then, names that guy talked about last week. steel. a.k. steel, letter x. all of those are also plays on that recovery. >> you were saying you would rather be in u.s. stocks with exposure to china as opposed to chinese equities. >> yes. and the primary reason why, the fxi, as tim will say, it's a lot of mobile in it. and a lot of the banks in it. i want to stay away from that.

>> i think it's heavy s.o.e. and we have an index that's 15% and resting on levels. i think baidu you get the halo effect from alibaba. >> nothing says spring like steel. remember? he was -- >> perfect sense. >> he was guffawing over there. >> i know what guffaw means. what's string like steel? >> look at what u.s. steel has done. up again at a bad tape. after the break, the nasdaq seeing its largest percentage drop since the begin of february. look out for a 12% move lower. the scary details in the charts. divergent's opening weekend in the books. but was it enough to turn the tale for lionsgate? mine was earned in korea in 1953.

afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. so our business can be on at&t's network for $175 a month? yup. all 5 of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line, anytime, for $15 a month. low dues, great terms. let's close! new at&t mobile share value plans

our best value plans ever for business. customizable charts, powerful screening tools, and guaranteed one-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and e-trade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. call or click to open your fidelity account today.

♪ the nasdaq is where the damage was really done. nasdaq breaking below its 52-week moving average. a number of stocks hit the floor today. how much lower can the nasdaq go? chart master carter braxton worth at the smart board. >> here's a five-year chart since the bull market began. what's important now is how far above trend we are in terms of where the index is, in relation

to the 150-day moving average. you look at the periods where you have the corrections are between 8% and 10%. we have not had one of those in more than 18 months. that is a defect. it's too much of a good thing. if you want to look at the chart on a ten-year basis, there's another circumstance that's important. it's not about the magnitude of the creation, but how frequently you dip back. typically dipbacks happen every six to eight months. and what happened here is we've gone 18 months without a checkback to the 150-day average. it's one of the most complacent periods on record. what we're thinking for now, is here's the trend line that marks the bull market. we know that indices, currencies, commodities have a way of responding to their channels and blown out of the top of the five-year channel. the presumption is we're going to throw back to the middle of

the channel. that gives us about 3800 on the nasdaq, which implies a high-to-low sell-off of about 13%. garden variety. and something that will be good to sustain this bull market. >> carter, what if it were to go back down to the bottom of the channel? what does that represent? >> then, we're looking something on the order of 18% to 20%. that's not a negative, either. the nasdaq is where a lot of the euphoria is. the overpriced tech names and biotech names. if you exsponge euphoria, you set up the next advance. coming back to the bottom of the channel, as horrible as that might feel on the pnl basis, it would be good for the construction of the market. >> does the performance, the strength in the old tech names, ibm, oracle, microsoft, does that make sense in the context? >> it does because it's a defensive type of behavior. people going into the utility

type names. microsoft is a utility, for instance. and so, it is not really a big component of this. it's not really reflected in the euphoria that is the nasdaq. >> does this mean that the s&p 500 will also go down? and by what magnitude? a similar magnitude? >> we're looking at garden variety, 8% to 12% corrections. we're 2% to 3% off of the s&p. and the implications are something of that order for the market, as well. >> carter, we're going to leave it there. thanks for your time and your analysis. let's turn to h.p. and meg whitman's oops today. last week, saying h.p. could make a 3d printing announcement this june. and now, josh lipton has the story. >> h.p. planning on rolling out 3d printers, just not as soon as meg whitman recently suggested. over the weekend, the company saying whitman made a mistake last week at the company's shareholders meeting, when she

said that h.p. would make a big technology announcement in june. now, the announcement will come by the end of the fiscal year. so, october 31st. shares of 3d printers ended mixed in today's session. the problem with 3d printers is they're often slow and the quality isn't great. whitman saying h.p. has solved both those issues. what does 3d printing mean for h.p.'s bottom line? exposure to a fast-growing i have. but h.p. does $100 billion revenue. it's hard to see how a move into printers can have a material impact. the more immediate benefit, analysts say, is perception. whitman wants to remind investors that h.p. can be capable of innovating and disrupting industries. >> do you read this as they absolutely are going to build this business instead of buy it? >> she was pretty clear, karen, at the annual shareholders meeting. and you could sense the

enthusiasm. it was the first question she answered. we're hot on the case. she mentioned the industries she thinks the industry has. they think they have solved this. and they're going to come out with their own technology and they're just pushing the date. they're going to specifically focus on the commercial side of that business. that's where she said she saw the most opportunity. >> all right. josh, thanks for that. josh lipton, joining us from silicon valley. hpq down about 12%. how do you read this? >> in terms of the stocks, i don't -- i think the stock is still -- the market holds here. the stock is going higher. it's been seeing a lot of call activity. it feels like it's taken itself into the next range higher. and we're now at the lower end of what i think is the next move, the next 8% to 10% move higher in the stock. valuation is reasonable. they seem to have gotten past their problems. the death of the p.c. is in the rear-view mirror. and they've diversified themselves in other business where's the stock could grow right now. >> let's look at 3d printing.

stratus, kicking off the top trade. rallying over jpmorgan from an overweight to a neutral. >> and these guys are saying this is best in class in the manufacturing or the 3d printing space. and they think the eps is going to be 25% through 2016. a lot of competition out there. certainly talking about a place where we haven't been impressed be i the bottom line. but these guys are holding on to gross margins. 107 is the moving day. this stock needs to hold this lever. lionsgate coming in with $56 million of "divergent." >> that was a great movie. >> you can't see it. >> it was so hot. that movie is great. >> what was it about? >> apparently, you have different paths -- i don't know. it's like all these angst movies. girl hits somebody. they wear body armor. it traded down to november lows and bounced. nice volume day.

bounced off that 27 1/2 low. with that said, the stock has not traded well for quite some time now since the fall. but i think once again, you have a tradeable bottom here. sort of 27 1/2. and you're looking for a move back to the low 30s. >> all right. coming up, and you lied about it. that hurt me the most, guy. it's not that you didn't see the movie. you lied about it. and to america, for that matter. >> now, he's laughing at that. >> you take that lightly? >> coming up, auto dealers firing back at elon musk over the ban of direct sales. saying musk wants all of the profits for themselves. we hear about the new jersey coalition for automobile retailers with harsh words for elon musk. gunderman group. gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. growth? growth. i just talked to ups. they've got a lot of great ideas. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money.

time? money? time and money. awesome. awesome! awesome! awesome! awesome! awesome! awesome! awesome! (all) awesome! i love logistics. i dunno, i just ah woke up today and i said i need something sportier. annnd done. ok maxwell, just need to ah contact your insurance company with the vin number. oh, i just did it. with my geico app. vin # is up to the loaded. ok well then jerry here will take you through all of the features then. why don't weeeeeeeeeeee go out to the car.

ok, i'll just be outside... ok, yeah. his dad is my boss. yeah. vin scanning to add a car. just a tap away on the geico app.

welcome back to "fast money." breaking news. disney has agreed to buy maker studios for $500 million. it could increase to $950 million if maker hits certain milestones maker was founded in 2009. produces videos to more than 380 million subscribers. we're seeing disney shares up after-hours. back to you. >> thank you very much. new jersey's ban on the

direct sale of tesla vehicles has pitted tesla against the dealers themselves. musk blogged that dealers only sell what they know. it's hard to sell a car from a new company when people are so used to the old. they revert to selling what's easy and it is game over for the new company. let's bring in our next guest who is the head of the new jersey coalition of automobile retailers. jim appleton. great to have you with us. right now in the state, it is unlawful to direct sell a tesla. would you be against having that law changed because you point out tesla is only 0.1% of sales in new jersey anyway. so, what's the big deal? >> the big deal is the law's in place not to protect dealers and not to prevent tesla from being able to market their cars directly to consumers. the law's in place to protect

consumers. a lot of people and tesla argue this is a dealer protection statute. nothing could be further from the truth. this was put in place more than a decade ago, to ensure and promote vigorous price competition in the marketplace. and more importantly that we put place the fox in charge of the chicken coop. think about it this way, when tesla or any direct retailer, manufacturer, direct retailing operation, sees a warranty or a safety recall claim, what they see is expense. and what they do at this point in time is resist and delay in an attempt not to pay that expense, as vigorously as possible. an auto retailer under this statue that prohibits direct retailing, an auto retailer is guaranteed to be paid by the manufacturer to fix the defects. that assures that the consumers are viewed and treated as valued customers and that the safety

recall and warranty claims that they have are handled in an expeditious fashion. if you doubt what i'm saying, look at general motors and what's happening today with the ignition lock situation. you may say, that happened under the current system. so, the argument is fallacious. no. you don't change the business model that's worked so well in order to accommodate a 0.1% market shareholder like tesla. you want to ensure that manufacturers will do what they have to do to resist paying claims. but you don't say because it doesn't work every time that you're going to eliminate the protections that have been built into the law to ensure that parties, the dealers, who have a financial interest and will be paid to service that car, are not out of the system. >> i want to back up. when this first came out. not first. but when the new jersey ban was

upheld, people said, how is this different from any other manufacturer selling directly to a consumer? and is it a case of the auto dealers being like the best buy of electronics? where it's going another way and they're fighting against it? >> i hear this argument a lot. and i understand it. from an average consumers point of view, they think is about consumer choice. i want to buy where i want to buy. and i get this. this isn't about consumer choice. this is about consumer protection. and the system that's in place, protects consumers. and not just consumers of tesla products. but it protects the health and welfare and safety of individuals who are driving on the highway. think about it this way. if you have problems getting your vehicle serviced, if you can't get warranty or safety recall work done in an expeditious or fair manner, you're going to be driving on the highways in a vehicle not properly maintained.

there's significant public health and safety issues with retailing cars. >> let me back up. if tesla were able to have their own dealerships, wouldn't they guarantee, all autos, if there was a defect be serviced? wouldn't the consumer be better served if tesla can have the physical locations to guarantee those cars will be serviced? >> if you believe that placing the fox in charge of the chicken coop is good public policy, yes. >> who is the fox? and who is the chicken coop? i'm trying to follow. >> let me back up then. in a warranty or a safety recall situation. >> right. >> an auto retailer, a car dealer, sees revenue and an opportunity to advocate on behalf of their consumer because the law that prohibits manufacturers in new jersey from directly retailing cars is in place to ensure that dealers are in that role, as an intermediary. an independent franchisee, who handles warranty and safety

recall names. the dealer is a consumer advocate in that situation because they get paid exactly what a customer would pay. a manufacturer in that situation, if we have direct sales model and tesla is permitted to go forward, when you drive into the service facility at a manufacturer direct-owned store, they have a disincentive to perform that warranty and safety recall work. they see expense. and they attempt at every turn to deny, delay or refuse to pay that expense. you only have to look at the behaviors of general motors and the recent ignition lock recall to be able to understand exactly what i'm talking about. >> jim, thanks for stopping by. appreciate it. >> thank you. >> enlightening to hear from jim appleton, of the new jersey auto retailers. >> in terms of the conversation about the stock -- let's talk about the stock because we talked about that 225 level. and that's -- you talk about a volatile day in tesla.

beaks can speak to this. to me, it's still a very difficult stock to play from either side. and i'm not saying i'm smart enough to know. but here it is, right back to those levels, give or take, that beaks has been trading around. maybe the 220, 225 level is a tradeable level. not for me. but you can see that's where it wants to gravitate towards. >> tesla? >> i thought it was going to hold 225. it didn't. and it just completely fell apart, cratered this morning. once it found its footing at 210, it traded fairly well. you have a shot to buy it here. i'm already long. i did buy it today around the 215 level. doesn't make a new high. i'm not sure at this point in time. i think you've got a little upside here. >> all right. let's hit pops and drops. big movers of the day. got a pop for herbalife. up 7%. >> a couple things happened today. icahn representatives, may be on the board.

the more important issue was nu skin getting a fine. that kind of penalty would be great if that's all herbalife got. >> drop for tiffany. down 4%. >> down 4% on a goldman sachs downgrade from conviction buy to buy. said this before. that's similar to what mrs. b.k. uses to caramel in her hair. in this case, it did make a difference. down 4%. >> a pop for neighbors. >> didn't we talk about this last week? we said it looked like it was poised to break out. it's not going to be great. but not nearly the disaster that the stock had been anticipating, given the sell-off. it still looks interesting here at 24. feels like it's breaking out to the upside. stay long the stock here. >> pop for china mobile. up 4%. tim? >> this is a company that i own. it's been underwater for the last six months. if you think they're rolling out 3g and 4g, they are dominating china unicom.

i stay in the name. and the 3% pop leads you to 40% rsi. and a drop for sheep. >> what? >> as host, this year's golden shears world championships, ireland is scrambling to find sheep. it provides 6,000 female sheep. currently, the emerald isle is about 1,000 sheep short. the annual event attracts wild and woolley competitors from 38 countries around the globe. >> oh. >> i love the soundtrack on this. that's good. >> it's perfect. >> not lost on me. >> sheep shortage, huh? >> yeah. >> what does it mean? not enough sheep. >> aren't enough sheep. it means what it means. >> i don't know. do they use sheep or goats? >> sheep skin. coming up next, getting computers to function like a human. we'll talk to the ceo of an artificial intelligence company that's caught the attention and the money of ashton kutcher and

mark zuckerberg. that's next. we asked people a question,

how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going to have to rethink this thing. it's hard to imagine how much we'll need for a retirement that could last 30 years or more. so maybe we need to approach things differently, if we want to be ready for a longer retirement. ♪ if we want to be ready for a longer retirement. these days, everything is done on the internet. and tomorrow you'll deveno more. that's what comcast business was built for. slow dsl from the phone company was built for stuff like this. sign up for internet and voice and find out how to get four weeks of tomorrow ready internet for free. and you'll be ready for tomorrow too. comcast business.

built for business. breaking news in just the past hour. box files for a $250 million ipo.

with more on that is jon fortt joining us on the fast line. jon? >> hey, melissa. it's an interesting s1 document. this looks to me like one of those companies that could only go public in an environment like the current one, where people are really hungry for ipos. that's just because there's no sign of profits anywhere in this bid. i like aaron levy. i think he and his team are smart. it's impressive they built the business, nearly $130 million in annual revenue, based on the cloud, which is a hot area. but look, also, sales and marketing spend more than $170 million as of the end of january, is more than revenue. and in a pure raw dollar basis, sales and marketing spend grew more than revenue over the past year. so, i think if you're looking at this company and investing in it, you've got to question how long do they have to spend at

that rate in order to acquire their customer base they want to acquire? how profitable is the storage, the cloud storage business going to be? or what adjacent areas will they be able to grow into with their customer base, considering their customers are customers of a lot of big players like microsoft, like cisco that are trying to move into the cloud. imagine if your p.c. could learn and think like a human? one intelligence company may be bringing brainpower to your computer. scott phoenix joins us from palo alto. thanks for being with us. >> thanks for having me, melissa. >> what's the goal here? >> to do studies on the way your brain works. we can do things that are

difficult for computers to do. like understand the context of pictures. or manipulate and inspect objects. >> some might think of the movie "her," where a man befriends an operating system and it becomes his girlfriend. >> i think human companionship applications are in the distant future. the thing you can do with our technology, is handwriting recognition or looking at an image and be able to help doctors come to a more accurate diagnosis. that sort of thing is in the realm of possibility and in the realm of near reach. and the science fiction stuff you see in movies is much further out. >> there's a lot of commercial applications. but at the same time, your company is distinctly different than other corporations out there. profit isn't the primary driver. at least that's what you make your board members sign a statement to that effect. humanity, and doing good for humanity is actually the primary reason for your existence.

are you hoping that the two will just be aligned? >> well, i think it's more than hope. and i think actually, more companies should be aligned with trying to help humanity thrive. i think we're all, no matter your company, whether you're building cars or airplanes or creating software, you're part of onan ecosystem work more effectively, live longer lives. and encoding that in part of our founding documents seemed like a natural fit. and it surprised me that more companies don't do that. >> you have a star-studded roster of people who are invested in your company, including ashton kutcher. but you have businessmen. they may want to also help humanity with their companies. but their primary purpose is providing profits for investors. >> it's true. but if you talk to mark zuckerberg why he started facebook or how he thinks about it, it's been to connect the whole world. and profit is a natural

consequence of doing something that everyone values. and so, i don't think you need to set out to make a profit in order to create an incredibly profitable business. and i think the same is true of building artificial intelligence. there's so many things that technology can help us do better, if it can move objects like a person or drive a car. it will be lucrative and supportive of helping humanity to thrive. >> scott, look forward to seeing how a.i. is being applied. hope you will come back on the show again. >> thanks, melissa. >> scott phoenix of vicarious. fascinating company. >> oh, yeah. >> you don't get it? >> it would be great for you, having a machine drive a car if for you. >> i think it would be great for the markets. when traders get emotional. doctors interpreting an mri. there's data, there's things the way the market reacts. and you can get an emotional response. it would be a great perspective.

>> it will be interesting to follow this company in the future. coming up, we're trading your twitter questions of the day. stick around. more "fast money" ahead. and your immune system. now there's new glucerna advance with three benefits in one. [ male announcer ] new glucerna advance. from the brand doctors recommend most.

we still run into problems. that's why liberty mutual insurance offers accident forgiveness if you qualify, and new car replacement,

standard with our auto policies. so call liberty mutual at... today. and if you switch, you could save up to $423. liberty mutual insurance. responsibility. what's your policy? earnings flash on sonic.

>> big mover after hours. sonic, the fast food chain. the company posting better-than-expected earnings. guidance for the year, also higher than street consensus. same-store sales rose 1.4%. you see the stock higher by around 6% after-hours. >> thanks so much. let's trade this. tim seymour? >> i don't think you chase valuations in the fast food trade. i like mcdonald's and yum. >> let's get you some tweets today. we love tweets, right? these were the best ones to our crew today. so, let's kick it off with karen's tweet. jpmorgan versus bank of america. who is the better megabank? >> well, you know. who is the better megabank? >> don't be biased. >> not megahunk. >> oh, the better bank. the question is which is the better stock. i actually think i have more money invested right now in bank of america.

i think there's more upside. >> guy adami, will twitter be a takeover target after the may lockup? >> twitter north of $40 billion, which is rich. we sad apple should have tried to buy it for $14 million or $13 million when they had a shot. i don't think anyone's going to one-up twitter. we said it would trade in the high 40s. it got there today. you have a level to trade against. >> did you add to twitter today? >> a little bit, added. >> tim, buy, sell or hold, blackstone? >> i think you hold. this has been a great run. you're not holding because it's not a great time to see exits. it's a great time for private equity. until this market, if it falls the way people think it's going to, it's going to be pullback time. it's pullback to buy on blackstone. >> b.k., valero. bull? >> at this point, i would take profits. not that i don't like valero. but i like the ethanol space.

and i'll bring back andersons. >> wow. >> absolutely. >> what a tease, too. tune in tomorrow. >> really. >> i'm tuning in. >> i'll be here. coming up next hour on "mad money," can black gold make slick profits? cramer is drilling down to find out. all that and much more, top of the hour on "mad money." we have your first trade tomorrow when we come back. ♪ ♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck.

get the most extensive charting wherever you are with the mobile trader app from td ameritrade. wherever you are with the mobile trader app so our business can be on at&t's network for $175 a month? yup. all 5 of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line, anytime, for $15 a month. low dues, great terms. let's close! new at&t mobile share value plans our best value plans ever for business. but i didn't always watch out for myself. with so much noise about health care, i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile, not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still gonna give me a heart attack.

innovations that work for you. that's health in numbers. unitedhealthcare.

see how we close. the damage was on the nasdaq, where we saw bio techs, small caps. a lot of the momentum names taking it on the chin. we had carter braxton worth saying 3800 is where we could see the downside of the nasdaq. >> karen asked a good question. what happens if we trade to the lower end of that range, of that chart, 15% to 18%. i'm more in the 10% to 12% range. >> what we did see was the old technology names do pretty well. >> much better. i think it's hardly a safety

trade. partly, you get the dividend. and that's where the value is at this point. and if you get a cap excycle, those are the places that are going to do well. >> in is there a level when you would pull the trigger? >> yeah. right around here. i would buy some call spreads around here. >> let's look at the final trade. tim seymour? >> speaking of brazil's been on fire. look at ewz. brazil got downgraded. >> brian kelly? >> i'm going to go with another old tech name. cisco. >> karen? >> you know, google is down 60 points, 70 points, on really nothing. i would buy google right here. >> guy? >> i missed karen. >> i'm glad to have karen back. >> are you lying again? just kidding. sorry. you lied to me and lied to

america. >> this is not a lie. and this is newfield exploration. what did you sea before? >> cramer has the ceo. >> looks like the stock has had a nice trajectory. hold off 24 for a couple times. i think it trades north of 33. >> i'm melissa. back here again at 5:00 for more "fast." "mad money" starts right 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 make you a little money. my job is not just to entertain you but to educate you, call me at 1-800-743-cnbc. tweet me @jimcramer. we have met the enemy, and the enemy is ourselves. or at leasou