have to change it to adapt to the realities on the ground? >> so, when we first came in, we decided we wanted to make a pump. keep it simple. but we wanted to make it an acre or larger, but then we decided a lot of farmers want to start smaller. we took feedback from the them. >> thank you so much for being here. congratulations. an inspiration. we'll throw it over to "fast money" with maddie. it starts right now. we're live from nasdaq marketsite in new york times square. we are closing out this friday with another late-day reversal in the books. . the dow up 150 points at session highs. dropping sharply and then

rebounded to finish 152 to the good. biotech dragged down the markets again. folks, why the breakdown in these momentum stocks really captured the attention on the street, we're going forward, what does next week hold? we want to know the keys to the next leg of the rally here. tim? >> it's great time for long and short-term equity. lot of people are very concerned. looking to next week, three events, i think -- >> stop there. why not a bigger deal? >> we're less than 2% off the highs. you're seeing a lot of expensive stocks being sold. i think the second quarter will be about rotation into financials. that's what i expect. not a big deal. china pmi numbers monday night. a chance we actually see a weak number and people start to

downgrade china below 7% gdp. lot of people think they'll have to do what it takes to get rates into negative territory to begin to stimulate that economy. i think ultimately if you look at what's going on in bank of japan and japan also a very popular trade last week, we're seeing a big move out of japan, probably the worst performing country in the first quarter, this is a place that's wondering, can they get this consumption tax in? everybody has been watching this. >> so, you think the key to the ral lie here in the united states next week could be to look offshore. pete? >> if you go back one month, take a look at the s&p, we're within 2 points at where we were at the end of february. what we have really gone over this last month is exactly what

you put out there, mandi, rotating out of these high-multiple names. i still think there's upside, though, the reason i think we can get to 1900, chips still trade very cheap. i think there's plenty of parts of the mart that continues to the move to the upside. qualcomm still trades very sheep. microsoft, hit multiyear highs but it's still trading very cheap. if any of these mom osho names catch. >> pete's talking about upside. tim is talking about stimulus potentially in china and in japan and in europe. russia and ukraine are off the table. china imploding off the table, that's going to get traders excited again.

the rotation into some of these cyclical stocks we're seeing -- >> what would you do with your momentum? >> i haven't sold any. to be fair, they're not 90%. >> what names were thrown out with the bath water? not all names are created equal. >> i think all of them could be thrown out because of valuation. i still think there's upside to these. they did bounce off some very important levels this week. >> we'll talk about tesla in just a second. >> to answer your questions, in terms of making the market to continuing to go higher, citi bank finds a foothold. that needs to bounce. that's not imperative for the financials to continue to go higher. some of these industrials to

tim's point, they haven't had a great year, honeywell, boeing, they haven't participated in the rally, if those stocks can find their footing, i think we'll be in a good shape. some of the transports, fedex specifically, they need to find their footing. >> let's get back to what's happening with tes will, a, a slew of news boosting this stock. u.s. safety inspectors said they closed the investigation. tesla will install new plates to prevent fires if in the future. during the testing of objects on the impact, with this new defleck or the shield, we can see there. >> it's deflecting right now. >> okay, it's going over an

object there. crunch. >> is that a melon or something? >> it's a concrete melon. the point is being made, the new defleck or the shield that hopefully -- let's trade it, guys. >> on valuation, again, i have been wrong since 80 bucks on this thing but i still feel right about the valuation, they're valuing the stock they'll be able to multiply the production five times without the competition. this is not something that i want to buy on that promise. >> anyone else trading tesla sf. >> i'm in it. i thought we were going to get that. in terms of tesla, people are valuing it at these high levels because they're buying into the solar aspect of it. i actually -- i don't know if that will ever occur. as long as people buy into it, it's worth the trade. >> i think gm -- again, it wants

to push down every time it bounces off. >> very quickly, how do we treat tesl, an awe or the stock? it's not your traditional auto stock. >> this is a technology stock. when you look at tesla right now the implied volatility f you're in the stock right now, i would be buying puts just for protecti protection. i like this name, too. i think this technology is phenomenal. >> volatility cheap in that name? >> volatility is at the cheap end where it trades. >> it's perfect timing. we got a news alert here on tesla. one more piece of good news for tesla, a big win, governor cuomo saying that it can keep open its locations.

the ones that i have open, they can keep open. basically, this is really positive, a lot of analysts are weighing, new york is such a big market for tesla, the fact they can keep these stores open that are already open, a big win for tesla. what do we think? something that's going to boost the stock when we open again on monday morning? >> what are the catalysts? the catalysts they're overcoming potential safety issues, i don't think so. i think the catalyst are based upon production growth. okay, let's move on. pete, large-cap tech. >> whether it's microsoft or some of the other big names, yahoo!'s really stuck out for us today. heavy trade, 15,000 to the june 40 calls against the june 45 calls.

people looking to the upside. this is something that we have seen as a theme for a while, folks. when you look at valuations, yahoo! is another one of those, no matter how you pull out the alibaba and everything else, it doesn't seem to be overpriced. it was passed over by google. they moved from number one to number two. but they're still very strong. >> you make an excellent point this type of rotation we have seen out of new tech, social media stocks and these old names like facebook and oracle. do we keep on riding this? >> yahoo! is one of these names. we talked earlier in the week, i think qualcomm is one of those names. definitely new tech even though it's old tech. by the way, what i'm hearing from people in the market, alibaba is probably going to price around 150 billion.

>> i'm kind of confused. old is new, new is old. >> companies that have been able to change their business model. >> that's exactly where i was going to go. you talked about cisco getting into the cloud more. it has performed good. cisco is right in the middle of that. cheap stock, nice dividend. >> let's go back to sheila, even more news on tesla. >> we have a statement from the company. saying they would like to thank governor cuomo for architecting this new agreement. interestingly the company ends with a line, tesla looks forward to a future where it can continue to create jobs. so, tesla saying a big thank you

to everyone involved i'm sure they are. thank you, sheila. you were saying you're not entirely surprised. >> are you thanking governor cuomo? >> thank you, governor cuomo. please other governors go ahead and do it. coming up -- blackberry's ceo promising that his company will cash flow positive. and facebook is building satellite drones and ray dars, as zuckerberg looks to mold his company into a mini google, right? we're back in two. . they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction

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♪ ♪ oh, man. who was that song for? who requested that song? oh, man. okay, trouble smartphonemaker blackberry reporting a slow quarterly loss. our first top trade of the day. the ceo making some interesting

comments earlier today. let's take a listen. >> everything we talk about, being able to be cash flow positive by the end of the fi fiscal year, it's still right on and what this release has shown, we're definitely right on our track and maybe slightly ahead of it. >> maybe even slightly ahead of it. john chen is doing what john chen does best, he's slashing cost. you can't keep slashing and slashing your way to revenue. >> john chen is an excellent tu turnaround guy. he's acting fast, he's telling a rational story, turnaround for the company, he's cutting costs, but you can't cut costs to drive revenue, i mean, the decline in revenue, it was precip us to, 63% year over year.

it was an 18% sequential decline. the revenue was more stark than people thought. >> maybe, but when you listen to "the call," they had so many places they can monotize now. they talked about merging the two blackberry systems. they talked about mobile device management. the question i guess with the stock now becomes, do they have enough time and cash to get that turnaround? if you believe in the turnaround you have to believe that the company can be there for it. >> i don't think john chen is going to let that balance run down to zero, but the real question in my mind is, you're right, there's a lot of potential here, special situation stock, it's going to be volatile, there could be upside to this, if the market

wants to continue to have demands for the products. we'll see that over the next couple of quarters. >> but the stock, i think, is priced for that, so you're four, five times, half of the rest of the competitors. if they are solvent, which you think they are, $2 billion in cash and they seem to be neutral at least by the end of the year, this is an upside story. >> based on the fact -- next quarter is going to be another tough quarter for these guys. let's see if we get below that and there's an upside, the name becomes more interesting. there are scenarios that could play out where the stock could work, it could continue to bleed share. >> is there any chance, of separating out the company? seeing what these assets are all

worth? >> no. right, right. handset business around 0. on the patents maybe put a ball number on it. obviously, no one stepped in to acquire it. the bbm app got people excited with the whatsapp. it was special of the number of users. >> you're holding a blackberry. >> i do have a blackberry. i love my blackberry. i can type -- i can tack on every 13-year-old out there in typing really, really fast. i love the keyboard. they're going back to the keyboard. i don't know if they need three more devices did do they? >> they're focusing on in their core audience, people who love

keyboards. >> we got to leave it there. >> happy friday. >> thank you. let's move on. let's move on to our next top trade is facebook. after announcing the acquisition yesterday, mark zuckerberg said that the company is exploring companies that use drones, satellites, to underserved parts of the world. facebook wants to throw a whole bowl of spaghetti at the world and see what sticks. . >> mark zuckerberg -- i look at it as being google at this point in time. i'm in the stock. i like the stock. i think if you look at it as a

mini-google, not just the social network stock there's more to this company, it will take a while to monetize it. >> okay, coming up in the next hour of mad money," postmates promises to deliver anything to you under an hour. the ceo bastian lehmann. coming up next -- heading out to dayton, ohio, to sit down with one team trader who's ready to give our group a run for their money.

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you have seen on "fast money" the confessions of a teenage trader. the next generation schooling the pros on their perspective on the markets. we're in dayton, ohio, with one high school senior, any words of advice for our know vices over here on the defblg. >> absolutely. this is great, because connor stork is a high school senior in detroit, he's going to go to michigan state in the fall, he's great trader, he practices on simulators all the time. connor thank you for joining me. let's talk about what you as a young investor are looking at, some momentum, you're looking at netflix in particular? >> i'm looking at netflix, because netflix is no longer that fad people thought it was when people thought it was. they're coming out with their

own content. netflix is becoming manier of a staple in my generation. we look at netflix, i can watch it on my phone, ipad and tv. i can do anything with it. it's a big thing for us this stock has been on a steady slide over the past three weeks, it doesn't scare you? >> i'm looking at you, i'm saying, right now, you should buy more. it's very cheap, if they raised their price $3, it's still under hbo. >> speaking of technology there's an older world tech you're looking at as well, cisco systems. this is a stock that has maybe seen big days behind it. >> first of all, ci is, co cares about its shareholder. it's a company that's investing in its future, paying catch-up with the past.

it's investing right now, put down the statement, they're going to put a billion dollars in the cloud service industry. and what they want to do, they want to connect clouds together and provide this sort of network between the clouds and allow companies to interact more easily with the systems. >> you got a bearish idea here, talk to us and the traders on "fast money," what you think is the bearish outlook you have? >> i feel like -- >> okay, dom -- i'm going to break in here. we got some breaking news here. let's send it over the hampton. >> it appears president obama has called russia president putin. putin called president obama to propose a diplomatic resolution proposal for the ukraine.

it developed following u.s. consultations with ukrainian and european partners. president obama suggested during that call, put a concrete response in writing and that president agreed they'll meet to discuss the next steps. president obama noting in that call the ukrainian government continues to restraint with the crisis and is moving ahead with constitutional reform and democratic elections. urging the russians to support this process and avoid further provocations. bottom line, the head line here, president obama and president putin have talked, there may be in fact a ramping of some sort of diplomatic solution. >> thank you for the breaking news. tim seymour said, this could be big news for the markets on

monday. that does it for us on "fast money." stick around, we have "options action" coming up now. by train. big day today? even bigger one tomorrow. csx. how tomorrow moves.

are we still on for tomorrow? tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. csx. how tomorrow moves. what a day. can't wait til tomorrow.

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