tv Fast Money CNBC April 4, 2014 5:00pm-5:31pm EDT
5:00 pm
>> i'm glad we went down on the payroll. >> thank you, guys. great to see you all of you. "fast money" is coming up in just a few seconds. she's in red now. these guys here on the desk will tell you whether you should buy or not on monday. the question is if, not a matter of what. >> over to you guys. >> have a great weekend. breaking news on today's selloff. the nasdaq getting slammed today. it seems like a tech exodus. momentum names, like facebook and tesla. take a look at biotech, all in the red today. the broader market is not much better. the dow and s&p making a major reversal after hitting highs earlier today.
5:01 pm
guy, what did you make of today's action. >> on the 4:00 show, a huge reversal in the market on large volumes. . the internal weren't good. now, with that said, we have seen this -- at least four, five times in the last year, each time, it shrugged it off. this might happen again. but, again, you have to point it out. we would be remissed if we didn't. 1820 now, becomes critical support. now, people are going to talk about the potential not only an outside day-to-day but a potentially an outside month. if april starts to get bad. >> to your point, we have had three of these reversal days since the middle of march. a friend of mine pointed it out, the problem is, every time we gets a reversal day the market ticks higher. for now, you have to wait until
5:02 pm
we trade above 1900 to initiate any new position and the nasdaq is certainly at levels we haven't seen. we haven't done yet in the nasdaq in over a year, meanwhile the s&p, not even near it, i think it would be absurd to be saying, what's going on here? we have seen for two weeks. not something that's just happened today. even within technology, even in apple, i mean, sold off some, really if you look to the companies that offer a decent valuation and a decent cycle here, there's a plenty of room to play. there's nothing wrong here. people showing sanity. >> i'm not sure there's not nothing wrong. this whole rally has been built on the fact that the economy is going to get better. the fed's going to come in, let's buy the high-valuation
5:03 pm
stocks. today, maybe we just found out it didn't happen. we don't have great job growth. we should have had a huge snap back -- >> people have been starting to sell off. >> he's out. he's out. what did you sell today, brian? >> i sold a lot of my winners, microsoft. i sold facebook, that was a loser. and cnx. >> your point was that, you know, some of this stuff has been going on for a long time and the market is getting tired and therefore -- >> here's what i'm worried about. right, here's what i'm worried about, people do what i do today, start ringing the register the other markets roll over, i'm concerned if you don't have the belief that the economy is going to get better and
5:04 pm
today's jobs number -- >> we made a new high, everybody got excited about it. let's sit back and adjust. let's see how it reacts without me buying the dip. they have spun out a lot of their tech names. they're buying a lot of their energy names. >> are we talking about big-cap value tech? >> i would say that the value tech are people finding a little bit of shelter. >> that's my point. apple is not a stock that i'm concerned of. >> we tested the 100 day, we have done it four times since june. there's a chance that we test it. it's not that far down. >> my point is, i don't think there's anything unhealthy going on in this market. it's very healthy to see the rotation. i have been clear about tesla. netflix fantastic business.
5:05 pm
>> these are amazing trading names. amazing trade names. these are the names -- these are names f you're savvy and you sit in front of your computer screen and you can tag these. >> listen, the whole reason i bought those high flyers, i thought we were going to have a market melt-up. i was wrong. i have to get myself out of those positions. >> let's get guy adami's position, it's only a half-hour show. >> how are you feeling? >> coi'm doing great. one thing is the fact in a rising rate environment, i don't race continue to want to go lower. i think the bond market is trying to tell the equity markets something. >> let's talk about what was getting the look today and that emerging markets surprisingly,
5:06 pm
particularly brazil, latin america. >> when you talk about rotation, emerging markets are the first positive fund flow for the first time in 22 weeks. you saw places that, you know, latin america was rallying that political polls were so low, the deal isn't emerging. things were oversold. can you own emerging here? i would be selling brazil. i would be buying cheaper parts of the emerging spectrum. emerging is a place where i think you should be looking, but you should have been looking two weeks ago. can you still look? absolutely. the spread against the s&p is how i would play that right now. >> lot of folks at home, tonight, thinking, you know what, major pullback, what should i get into come monday?
5:07 pm
>> for right now, i'm not 100% sure of what the market is going to do. what i could do, is short the slf. the whole reason to be in the banks because the economy was going to improve, it doesn't look like that's happening. i would short xlf. >> everyone thought you had to throw out em, they brought it back. everybody thought you had to throw out the housing sector. kbh's a name has exposure to california and texas, two great areas of strength for housing. >> the job market seems to be improving albeit pretty pa thetically but improving nonetheless, some of these stocks, china did an ipo they're back in the public eye. down 3% today. the last quarter was good. if the tape holds here, paychex
5:08 pm
looks interesting. >> the deal here there are some head winds in some regulations and competition. the set up for these guys is the same as it always was for solarcity. don't be fooled by a gold rally, still in the middle of the bear market, i would be selling it. not buying it on today's rally. >> solarcity and tesla trade and track each other, if you believe one is going to rally then the other one isn't far behind. market flash here in the news room. >> we learned that chinese social media company weibo will
5:09 pm
price at $20. weibo will be going public. tim seymour, would you buy weibo? >> i think i would. parent company sina, that's been a blood bath, the chinese internet space has been hammered. a ton of deals coming after this. you have to be careful. i'm talking with guys getting involved in selling alibaba. the valuation is actually holding up. sina -- weibo has a lot of competition in its place. >> all right, facebook secrets, the stock getting hammered today, new report that ceo mark zucker bugg is looking to get into anonymous activity. and some of the most innovative products out there.
5:10 pm
will potential translate into profits? we'll debate that next on ""fast money." 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.
5:12 pm
your chance to watch full seasons of tv's hottest shows for free with xfinity on demand. there's romance, face slaps, whatever that is, pirates, helicopters, pirate-copters... argh! hmm. it's so huge, it's being broadcast on mars. heroes...bad guys... asteroids. available only on mars. there's watching. then there's watchathoning. ♪
5:13 pm
♪ ♪ certain popularity of anonymous user apps, facebook is looking to develop some anonymous services of its own. it's unchartered territory for facebook right now. kara, why does facebook want to be in this area of business? >> it's a fast-growing area of business. these two sites and including snapchat are growing quickly. >> there had been reports that facebook might make a bid for secret for about 1$100 million, that's been knocked down since, what's facebook play here? >> i think they're looking at it. they look at a lot of things. facebook isn't buying it for
5:14 pm
$100 million at this time. i think they look at trends. it started in silicon valley, it's an interesting area where people like to confess things and -- it's polar opposite of facebook where you're very well known. >> kara, one of the things, we talked about, the facebook, the last acquisition, the form of currency, they their stock is expensive and they're trying to get into other areas. >> it's expensive -- >> they think it's expensive, should the street, it sold off in kind. >> it has recently, in the past couple of weeks. they see an opportunity, when your stock is at a high, it's a great opportunity to buy some things at a discount in some
5:15 pm
ways. we don't think we're horribly and we're going to use our overly priced stock. it's an opportunity to pick up some things at possibly a discount. not a bad idea. >> kara, the recent acquisitions, we had whatsapp and facebook moving into anonymous, where is it going at this point? >> mark zuckerberg's worried about keeping current and a lot of companies in the past, like yahoo! and others have fallen behind because they haven't kept up. i think he's emulating google. i think he feels that he has to be ready for the next move. he was on the desktop, to mobile, now they have to figure out the next platform is.
5:16 pm
wha whatsapp, global, 500 million people using it. it could replace facebook in really weird way. they need to own things that people -- either the next platform or apps that are must-have for consumers. yesterday, we had a debate on twitter. whether or not it's dead money, twitter has seen a horrendous pullback, faceback has seen a fu pullback. >> i still have twitter, i think twitter has the potential to add more to its platform, of the two, i would rather be in twitter. >> tim? >> at this point, twitter looks interesting, if you like facebook two weeks ago, you should like it now. lot of people think they're reinventing them. this is the problem with twitter, people don't know where they're going and people haven't seen them truly monetize their
5:17 pm
space. >> you'll see twitter have a video aspect. can they see that? i think that's going to be the major thing. people are going to sell it ahead of earnings. you could see that pop along. i'm still long. >> another weakness today, 3-d pri printing companies. we're talking home models, bicycles and 3-d ford treorino. a firsthand look. take a look. we have a ton of great things going on here today that you'll be able to see and experience. we've got some engines in color,
5:18 pm
we got plastics, we got food, we got ceramics. and body scanning technology. >> where does your company fit in? >> so, everyone who has made a 3-d print has made a model. you need 3-d software. people don't fully appreciate that everything from the nanoscale to the largest things in the world. there are companies that are 3-d printing dna, 3-d printing tissue. >> reporter: 3-d printing dna? >> yes.
5:19 pm
>> tens of thousands of plastic parts flying on aircrafts. boeing have 16 different aircrafts that were built by printers. there are mini orthopedic implants that are being made every day. >> you said before, investors are here at this conference, they want to understand this industry? >> absolutely. as you know, everybody's looking for growth. 3-d printing is a growth area. we have been experiencing 15% growth. very exciting industry and the time is now. >> he believes that investors overkes mate the potential of 3-d printing. unz estimating the use in industrial applications like jet engine parts.
5:20 pm
>> actually, auto desk, i think, this is a great way to play this. if you don't know that, look at autodesk. you made an excellent point. >> people are underestimating the competition. assume the guys are going to be out there, this feels like solar to me, overproduction, you'll see the technology. it has not adopted. this is solar four years ago. it's way too early. >> you'hewlett-packard. that's where i'm playing it. the short, they both don't look great. one is down 18% year to date which is stratus. coming up grubhub ipo is
5:21 pm
5:22 pm
because you can't beat zero heartburn. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com.
5:24 pm
time now for pops and drops. big movers of the day. citi group down. >> this is a stock that i would be buying at these levels. >> pop for mylan. >> up 2%. >> i would wait to see if it holds this level, use $50 stock. >> another pop today, apc. >> the stock traded down to 73. buy the stock, they settled,
5:25 pm
boom, the stock is 102, probably has more room to go from here. >> tough day to be in customers resources. online food delivery service grubhub spiking as it made its trading debut today. >> there are $70 billion in takeout spent in the u.s. what we're trying to do is axel late that offline to online conversion. to pickup and delivery. >> the traders here aren't biting. let's go around the horn, other ipos that would rather buy? >> this is like would you rather? >> i would rather control ctrl. i don't think it's going to be long a perfect takeout candidate. >> going back to brick and
5:26 pm
mortars, go to travel, hilton, they're growing, global travel is taking off, a good sign of global traveling. hlt there's value here relatively. >> they have done a good job in general of pricing ipos, the list of ipos in 2014 -- i went down the list today and most of them are trading higher than their ipo price. right? at this point, i have enough exposure with my twitter. >> the bankers, has lazard is really interesting final trade. tim. >> i'm selling brazil. buying korea. >> i want to be buy sugar sgg. >> pioneer.
5:27 pm
5:28 pm
just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you want today. tap into the full power of your fidelity greenline. call or come in today for a free one-on-one review.
5:30 pm
this is "options action." tonight -- king congress versus godzilla value and momentum stocks are locked in a battle. we'll tell you who's going to win and how you can profit? plus, the face of fear. it's a multibillion dollar bet that the market will plunge 10%. netflix and amazon have dropped around 20% in the last 20 days, but we say one's about to find the floor and we'll tell you which one. "options action" begins right now.
143 Views
IN COLLECTIONS
CNBC Television Archive Television Archive News Search ServiceUploaded by TV Archive on