tv Fast Money CNBC April 21, 2014 5:00pm-6:01pm EDT
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>> valeant approached allergan and bringing in ackman to bring in big guns and turn up the fire. >> that would explain bringing in an activist, right? >> this is just a hostile takeover or acquisition that happens to have financing from someone that happens to be an activist. >> melissa lee, you have got to be talking about this, right? >> yeah. we got the latest from david. but it's all about netflix at this hour. >> absolutely. that stock is so volatile and let's see if it gets more of a bang tomorrow morning if it still opens hard tomorrow. >> thanks for that. "fast money" starts right now. at this hour netflix conference call officially underway. we have news also. we will increase membership costs for new subscribers. plus bill ackman teaming up for a takeover of allergan making it the largest investment ever.
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all the dae tails in just moments. our traders are, dan, kelly, and guy. dan, the last time they announced the change in pricing was 2011 and that was a debacle. >> that's -- they're talking about new customers. they don't want to aggravate those people. there are some limitations to the streaming product. everything looked pretty good. we talked about on the show on thursday night we just thought, and guy and myself, wouldn't you say so, guy? he thought the setup looked pretty tough. the stock was down 30%. less than what the market was implying. it's got a hold here. if it does chipotle from thursday, we got problems. >> dan was the bull on thursday i believe, right? >> yes.
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indeed. >> hard to tell that he was but yes. >> once we ascertained which side he was on. >> and you ascertained that today. >> thursday. >> back to the trade. >> it's a domestic story in terms of numbers. look at the international growth. they're doing extraordinarily well. i'm sure they'll talk about it on their call at 5:30. their international growth is tremendous and to dan's point, i think the stock goes higher from here. that was a flush your saw over the last couple weeks. and i don't think it's going to pull a cmg. >> it was a tough past couple weeks. down 16% over the past month. does the chart look good? >> i said it we had our call. i said if forced to take a position, i would play it from the bullish side. >> that is not a ringing endorse. i'm thinking i am not going in long on the stock. >> it's hard to think of a
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person to be ultra bull jish when i don't own the name. the technical setup is people were betting against it. they thought it was falling off a cliff. now the content story is r resurected. it's still a story intact. >> they're con strained on how much they can raise their prices. $1 to $2 on new customers. when they have to acquire content, it's unlimited. it's a bad business model. >> people are actually cutting the cord. the business model is people are migrating towards their side. >> but the point is they're not going to migrate if there's no content to migrate to. >> people are already migrating. it's up from 12% to 18%. >> to the breaking news at this
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hour. bill ackman and valeant farm suit kls teaming up to buy allergan. david. >> this is a fascinating story and one of the first times i can remember at this point seeing an activist teaming up with a large corporation to mount a hostile bid. that is what this is. in fact, as i have been reporting or at least we have been reporting, the board of valeant expected to meet this evening. there will be an offer made for allergan tomorrow morning in conjunction with this filing by mr. ackman that we have gotten today. the leaks of which started around 4:01 or 4:02. take a look at allergan stock price to see what it has been doing as ackman's purchasing square bought a good deal of stock. crossed the 5% threshold about ten days ago and had that window to ramp up to get near 10%
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stake. for valeant which is the aggressor here, this is the company that continues to acquire. when it does so, it acquires a company. it cuts out all of r and d and guts a lot of the cost structure of the company and benefits from having a non-u.s. tax regime. it is not a u.s. tax filer. it's another one of those tax inversions. that's what they're saying will be the case here as well. again, i'm hearing that this offer will comprise two-thirds stock, one-third cash. they will be talking about synergies roughly worth about $25 to $30 a share. certainly some questions. if you recall, the last large acquisition that valeant mounted was for bausch and lom. will there be any trust scrutiny or problems is one question.
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allergan i'm expecting is going to fight. it's difficult to say at this point what their strategy will be. their stock is up. importantly valeant's stock is up. we'll be keeping a close eye in the weeks ahead as people take a closer week. how it got to a $40 billion plus market value. it has to keep doing deals in order to have those numbers keep coming through. with allergan stock price soaring. it's hard to imagine and say no we're not going to do a deal at this point. one of the last transactions valeant tried to do was with seferlon. hard to sketch out who those potential white knights might be. back to the overall headline.
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we have not seen this in the past. activism has become an important force in our markets. this is yet another milestone as we watch mr. ackman build a large position as part of a group with valeant and valeant will follow through with this through allergan. >> thank you on this potential deal. dan, do we see any sniff of activity that this could be announced? >> it's not a huge trader, allergan in general. but there was 3,500 of the may calls that were bought and some of the 2,500. this stock is up massively. look at the chart over the last six to nine months. this is a company growing sales at 9%. trading at 20-some times. next year's earnings. i don't know if there's a white knight who comes in for this
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thi thing. >> what was unusual it was up 6%. that's a little head scratching if you will. >> that's another conversation. >> just saying. >> this is going to be i think north of a $50 billion with a b. that is not insignificant. i don't know who else out there that can actually pull something -- the only person -- the only company out there that might have the wherewithal is a company like j and j who has $260 billion market cap. valeant, it's a killer wale going after a killer whale here. exactly. >> listen, what are they going to do? they're going to gut the company. there's not going to be any r and d but it's not going to be the same grower it used to be. if you wake up tomorrow morning, i would sell whatever you have. >> valeant is a company, take a look at the performance, pretty
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good 12-month performance up 67%. but the company has a bit more trouble. really rocket ride here. >> so let's look at pharma in general. >> please. >> everybody seems to be in play. pfizer making acquisitions. you saw merck sharing a few years ago. the space is interesting on its own and even more when you put the m and m component. >> they all need a pipeline. with biotech, ibb down as much as it has -- >> still hard pressed to understand why -- i think it was a couple people getting out of the atf which drove the individual stocks. some of these biotech names, valuation wise depending what metric you use are cheaper for the first time in a long time. >> than a lot of the high flying tech names. speaking of netflix, take a look at the pe or forward pe for
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celgene and it's much cheaper than netflix or twitter. >> i would much rather be in a biotech than somebody who wants to come and take them out. >> you brought an interesting topic about buying ibb. the truth is now you start to see that rotation and when is that going to be over? >> which rotation? >> out of biotech into energy. if you look at the ibb, it's definitely starting to form that base. you want to see it hold a couple more days. this rotation could be interesting and a great entry point in ibb. >> speaking of health care we got jpmorgan including some under the radar names a little later in the hour. meantime back to netflix. let's bring in the managing director. he joins us on the fast line. tony, i know you like the stock in nern. in terms of $1 to $2 price
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increase. are you concerned this is going to turn people away? >> no. this is a win-win for the company. it's kind of ironic. a long time ago with the rating right before they had to raise prices last time. they had to. they didn't have cash. here they don't need to. the key is you're locked in. you don't have to take the price increase. you can do a bit of math and realize this is a company that has 50% annualized turn. what are they going to do, they're not going to turn off. when you look in the fine print, the price increase stabilization hasn't been incident in other words, when that happens you're going to have a larger subbase. i think these the key. >> in terms of the price increase, how much of the price increase do you believe has to do with the so-called -- the toll fees they're going to have to pay, the likes of a comcast
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for speeds that will remain fast as opposed to be slowed down? how much of this price increase will netflix see versus the cable providers? >> i think when you look at the cost for actually sending the content, it's relatively small compared to the content cost. if you look at the looming issue and i think that will get much bigger when you have amazon, i think you're going to see a lot of internet on. they're going to push that to a much more reasonable rate than being discussed right now. when you think about it, you have the interest of apple, google, aol, yahoo, netflix and facebook and many others trying to keep that at a low level. i think they're going to do a great job. >> so you think netflix will see that $1 to $2 entirely? >> i think there's incremental
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cost. >> tony, appreciate it. what's the trade here? >> i mean, it doesn't make a lot o'sen of sense. if the risk is losing customers and don't need to lose cash, wild they do it? >> i know it's less than 10 bucks a month. it's kind of like aol. you still have your aol account from 1999. >> that's right. >> you know what you're getting and don't care because you know the product you're getting. >> if it's $11 a month is that going to change your view? >> no. >> once you hit that $10 threshold, people start looking at it but when it's $6.99, $8.99 it's not on people's radar. >> coming up, mulally. what might it mean for ford investors. plus the google berating continues.
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google, class c down about 5%. making it our first top trade. dan, what's with the stock? you would think there would have been a bounce by now. >> yeah. listen, i have been saying this. it's a k very crowded trade. google was growing at 20 times and trading at 20 times. people could get in there. to me, i thought the results were fine. these guys have missed on certain metrics four times over the last year or so. i think it was kind of a rotation out of something that was very crowded. if that makes sense. >> no. it makes total sense. we heard time and time again who was the incremental buyer. who is the incremental buyer left in the room to buy it? you said the earnings weren't that bad. >> i'm surprised. i remember the -- it's actually
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been good. it's been sort of me and erring at these levels. i don't think it's an expensive stock at all. i think it is relatively inexpensive given the growth rate. i understand people pulling the rip cord because you have a couple quarters leaving you scratching your head. >> up next, mark fields as the new ceo. the announcement could come in the next 30 days. is this a transition that is a good thing for ford? >> this is not exactly news to the marketplace. we all nknew it was going to happen. i think no matter what you were planning on or what you thought, mul achl mulaui was bigger than ford at some point. i'm not sure if they're going to get the benefit of the doubt.
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i would be cautious rushing in for ford. >> and phil said he believes he could be up to something. he's not going to ride off into the sunset and play golf and he's going to do something else. >> you have ford, maybe it had a bit of a milaui premium to it. wherever he goes next, that's your trade and speculation over that will start to move stocks. >> i thought was when the whole microsoft thing got put to bed. the fact the stock still didn't rally off of that, because it's gone nowhere for almost a year, gm completely outperformed ford for a long time. when mulaui announced he was sticking around -- >> a lot traded, 50,000 of the july 18 calls traded.
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the get growing sale. call today to get $200 off adt pulse for small business. hurry. sale ends april 15th. i love the convenience of adt. i can finally be in two places at once. helping to protect your business is our business. adt -- always there. got you covered on big news in the health care spacement -- allergan. >> we're getting a statement from the companies.
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coming from valeant, we believe combining valeant and allergan would create growth and valuation in health care and we look forward to announcing the terms of our proposal shortly. this is a really interesting transaction. these two companies and potential merger of equals. when valeant gets with allergan is a multibillion dollar product in botox. it also has a lot of therapeutic uses. it makes a really attractive potential drug and you have got a lot of overlap not just in skin care but also in opthalmology. >> making it a bigger bite for a company to chew off. of course, valeant has never
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been afraid of a big deal. they just digested bau skchlt ch and lom. even though this is has been rumored of a take overtarget it's a big bite for someone to take. >> the sector has been under pressure in the past two months with biotechs getting hard. down by 15%. but jpmorgan says is the perfect buying opportunity for some stocks. let's bring in jpmorgan's head of health research. i have to ask you about valeant. is it possible for there to be a white knight coming in with a higher bid? >> i'm going to hold off on saying about the transaction because obviously jpmorgan could be involved. the way i would suggest to you is look at it. this is a sector we think has
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significant opportunity. talking about specialty pharmaceutical companies and chris is our analyst and has done a fantastic job of highlighting companies where he thinks there's opportunity for m and a going forward and to create value for share holds like valeant has been doing. this still has several innings to play out. the news you're hearing is consistent with what's been going on in the sector over the last couple of years and still has a ways to go to play out. so investors should be involved whether it's this particular transaction, whether it occurs or not. but other transactions are likely to come down the road. >> this is the first of many potentially this year that we will see in this sector? >> i think that's likely, yes. >> let's talk about your picks in particular. let's start off with a name like kovidian. the earnings were up nicely today. >> i do.
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i think it has a lot going for it. it's a company that is the best in class assets and company with j and j and the core businesses extremely well. revenue growth should be accelerating to roughly 5%, 6%. you should start to get margin advanceme advancement. valuations very reasonable. they're in ireland. so they have full access to their cash. they have done an excellent job as a management team . >> last quarter i think gross margins were close to 60%. how much more expansion can you see in a business like that? where do they get to peak margins? >> we're a long ways away from that. a background on this company, this was a spinout of tyco.
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it took five years for them to get rid of a lot of assets. they have just gotten down to being the pure medical device company. higher margin products. as that grows, as those thigher margin products drive the story, this is going to be a company with a lot higher gross margin profile. this isn't a six to 12 month story, but longer term this is a company whose margins could move significantly higher over the next several years. >> let's go down the food chain. spec troenetics. >> this is a stock sold off on the back of a weak first quarter. some of it's kind of macro. but it's created what we think is an opportunity.
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that's why we're recommending the name now. the company is about to present data from a trial that was just headlined. they announced the trial was successful. the data should be presented in the next couple of months for treatment peripheral -- for reclogs in the legs. the approval should come in the second half of the year and open up about a $400 million opportunity. they'll c they'll be the first company that has this label. we want to get in front of. >> we appreciate it. always great to get some new names on the show. michael wine stein of jpmorgan. spectranetics we should note to watch. >> it's interesting. we have this decline and it
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looks like a decent place. look at what he's talk about. when we talk about the biotech or at least the health care, this one doesn't look that bad. >> coming up next, it is one of the rare momentum names closing in on previous highs. dan nathan has got the chart of the day next. plus negotiations to merge the world's two largest gold mining companies may be off the table but is now the time to invest in the miners? dennis weighs in after this.
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we want to continue to expand to do more original content and more movies. we have to eventually increase prices a little bit. we're not doing much. we're doing a dollar or two depending on the country. and the existing subscribers keep their price. they don't get increased. >> welcome back. this is ceo of netflix. we are coming off of the earnings conference call for the company. they just released their earnings still underway. we wanted to give you the headlines. he's of course talking about the price increases for new
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subscribers. $1 to $2 increases depending on the territory. one of the interesting things, investors were looking for how "house of cards," the second season how that was received. season two was greeted by a hungry audience where as season one was basically a curious audience. so they're very happy with that. saying that orange is the new black, is the most watched show on netflix. they're very excited to see how season two which rolls out in june is perceived. back to you. >> netflix shares as you see, just off session highs. let's bring in the managing director who is bearish on flet flick. you have an under performed rating. it seems like they hit everything that they need to hit in terms of metrics this quarter and they're raising prices. >> i think it's a great earnings
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release. i think they hit every metric people expected them to. i think that the same issue that is have caused me consternation for the last several quarters continue which is cash flows at a really low number and badly lags knenet income. every penny they invest that generates negative cash flow, i think, depresses earnings in the future. i think probably about 20% of netflix customers are not using it enough. when they're reminded by a price increase will probably quit. >> is it for new subscribers? not old ones? for a while at least. >> for a while. it sounds like a year. he didn't come out and say two. these guys are super smart and $1 or $2 is only 600 million to
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200 billion. but read the part ragging on at&t for having slow service and talking about how they opposed the comcast time worner. those guys are going to say hey, 600 more for us to grab. i think comcast is going to look at that as $600 million more for us. >> you think the price increase is going to be eaten up by these toll fees they're going to have to pay? >> i think by a combination. the good news for netflix is that as they improve the quality of their content and connections that makes the service less susceptible to competition. they're doing everything right. i just don't think this company is worth something like 500 times free cash flow. trailing it for the last year,
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$33 million and the stock is trading at something like $15 billion. that's crazy. >> michael, let me try to ask it another way. i said this looks like a bad biz model to me. $2 price increase, is it enough to sustain them for the next two years? >> if nobody quits, they will be at least as profitable as they are now and probably more profitable. it depends on price elasticity. i would say they lose 10% of their customers. any price increase will make people pay attention. i think they would be smarter to raise price four. i'm curious to see if $1 or $2 slows their growth. i think it probably will. not aappreciatebly but enough to take some of that multiple away. >> is there any chance you would change your rating on the stock? >> absolutely. absolutely. if the isp sign a long term
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deals and it doesn't cripple netflix and they start signing more than one year deals i will throw in the towel. everybody on the other side from netflix is keeping their options open. >> great to have you with us. >> pleasure. >> that was interesting. he said it was contingent, the rating on the stock contingent on what the isps are going to charge. >> he's got the numbers, right? he makes a compelling argument. the community will continue to look past that in my opinion as long as there's subscriber ads continue to be what they are. the quarter they miss or disappoint is the quarter everybody will start talking about. i don't know when that's coming and it hasn't come yet. >> let's get to our chart of the day. dan taking a look at one name that's about to take out previous highs. what is this? >> zillow made a new all time high. what stuck out to me about this
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stock today was that so many other of these web stocks and services stocks like a trulia are so far away from the highs. here's one showing really great strength. it trades at ridiculous multiple. yelp the also about the same thing. when you're looking for some of these things to go back to the highs, you want to look for relative strength. zillow has it right now. >> a deal with gold miners could be in the works. a merger, talks, although no agreement has been reached yet. let's bring in editor of the later. i thought this is another step towards gold miners recognizing the fact they need to do something. they have been reducing cap x and cutting dividends and now
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potentially consolidation in the space. is this a signal we have been waiting for? >> yeah, it is. the miners have no choice but to do this sort of action. i'm not surprised we see the two largest do exactly -- well, they haven't made the announcement. we know it's going to happen probably next week some time. i'm going to be saddened because they're both fully paid up and longstanding subscribers to the newsletter so i'm going to lose at least one of them which is very disturbing but the miners have no choice. this one makes sense. they have so much of their production in nevada. they're going to be able to consolidate a lot of expenses. now it's down to personalities. who gets to be the leader is all that's left right now. >> the way to play any type of -- this is obviously a different story with m and a but when you're playing a bouncing gold, you play it with the miners. would you ever think about this being indicative of a move in
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gold or are you playing this is straight from m and a, straight from consolidation? >> i think the miners tend to lead both on the up side and down side. miners have a greater beta than does gold itself. i think if you're going to be better on gold and only trade gold in dollar terms, take a look at owning the miners. i would think own what comes out of the barrack and newmont consolidation. >> but rough been a better of gold. >> yes. >> are you pleasantly -- what's your degree of long here, dennis? >> i think gold in dollar terms may well have made its lows several months ago. it's very quiet. there's no great excitement about it. and it's probably going to take a long period of time until inflationary psychology begins to exhibit itself in the economy. and it's going to take that to get gold to go higher.
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i'm pleasant long long of gold. not in dollar terms. if you have owned gold in terms of yen, you're down like 1% or 2%. i didn't go to harvard but i think being down 1% or 2% is better than being down 30% or 35%. >> excellent point in terms of the carolina state and harvard comparison. if you're a technician in the s&p april has been a prudebruta month. here we are in april. whatever today is. what do you make of the move in the s&p and where does it feel like it wants to go from here? >> i'm back to being pleasantly long. i told people -- >> hold on. you were scared out of equities like a week and a half ago and now you're pleasantly long. >> two and a half weeks ago i became very scared and went to
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neutral. no question. absolutely. i did. last week i think it was on this show and i actually in my newsletter i said it's time to be buyer again of equities generally. as i have said, there are three ways to be bullish in a bull market. you're either aggressively long, pleasantly long or neutral. i went to neutral several weeks ago. no question about that. last week i went to being back to being pleasantly long. i may become more aggressively long. the market still seems to want to go higher. this is still a federal reserve driven circumstances. it hasn't changed that much at all. no question i became nervous three weeks ago. no question about that. but after a good two week decline after what, 50 big handles in the s&p, after going down and touching and barely going through but holding the 100 day moving average, you have to understand it's still a bull market so back to being
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pleasantly bullish of stocks again. i own aluminum i own coal. i want to own the things that if i drop them on my foot will hurt, simple things. >> i'm glad you said that. there's a drinking game going on out there i'm sure. thanks for that. always good to see you. so now he's pleasantly long stocks might be aggressively long stocks. >> sounds like he bottomed somewhere near the lows. i still think it's a spider monkey market. you have to be nimble here. >> too close to start thinking about buying stocks right now. on the way down, we traded down to 1815 or so. look for the 1835 level. that was the high the day we made that level. look for that level. >> spider monkey. you missed it. you were sick? what was the spider monkey
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thing. >> we're not going to have a 10% dropdown. what was the deepest one? it's coming at some point. dennis talked about people will get scared. >> where do you sell your positions because a lot of us -- >> i'm going to tell you. between 1800 and 1900, they could actually torture people. the pain trade may be within those ranges for the next few mont months. >> yum brands, the stock might be in for a big move. last week cnbc turned 25. we're celebrating another silver anniversary after this. were staying.her valus and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today...and tomorrow. so let's see what we can do about that... remodel. motorcycle. [ female announcer ] some questions take more than a bank. they take a banker.
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make a my financial priorities appointment today. because when people talk, great things happen. it's the get growing sale from adt. right now you can get $200 off adt pulse for small business and a wireless camera at no charge with a qualifying bundle. woman: when you own your own business, it's a challenge to balance work and family. that's why i love adt. i can see what's happening at my business from anywhere. now manage and help protect your small business remotely with adt. arm and disarm your alarm, watch secure video in real-time, and even adjust your lights and thermostat wherever you are. with adt, you get 24/7 protection through our fast response monitoring. the get growing sale. call today to get $200 off adt pulse for small business. hurry. sale ends april 15th. i love the convenience of adt. i can finally be in two places at once. helping to protect your business is our business.
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we are volvo of sweden. take a look at shares of spectranetics. up about 8% in the after hour session. we had jpmorgan analyst michael just on. one of his topics in the space after a pretty rough month for health care stocks in jen. he said they're going to release the full data in the next couple of months. up 8% after hours. time for pops and drops, big moves of the day. micron up 6%.
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>> we have been talking about this for a long time now, right? >> forever. >> it's not a valuation story. it's all god to do with man pricing which continues to be stable and demand continues to be strong. as long as those are intact the stock goes higher. >> sketchers. >> yeah, the marathon in those shoes. >> he wore those shoes? yeah, i think so. the ones with the wobbly -- >> the light ups? >> yeah. >> all right drop for trance canada down 4%. >> i saw you do a thing on -- >> the more this is a political football, the more it's going to be negative for this company. i would not dive in. wait for the 47 level to be confirmed. i wouldn't buy it below that. >> i got a pop for portable game
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changer. it was 25 years ago nintendo launched it's legendary game boy. games such as tetrus. featuring no fills graphics. today it has sold 118 million game boys worldwide. >> i love tetrus. >> it's classic. >> i love it. >> you're got at it? >> yeah. >> tetrus is one of them. >> a god-given talent. >> all right. young brands in the red today. tomorrow dan nathan has the trade. dan, today, the options activity was three times average daily volume. they report tomorrow night after the closing, a 5% one day move.
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that is shy of the 6% average over the last four quarters. to me, it's about china. they get half their sales from there. they report monthly sales and took the stock up to this level last month. if you look at the chart, the thing wants to break out. somebody bought -- 3,600 of the july 80 call that is traded today that went out at 160. the break-even is not too much higher here. >> you know what is reporting tomorrow within this sort of sector? >> mcdonald's. >> mcdonald's. forced to choose. >> i didn't know we were playing this game here. >> we're going to play. >> i love playing it. mcdonald's in the last couple quarters have not been great. i think it's sort of level tating back towards this $100 level. i think i would rather be a yum guy. >> you would rath yum. >> i used the yum word.
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>> check out the website, options action.cnbc.com. captain america, should you dump the shock? trading your top tweets of the day. plus we have got the traders final trade when we come back. stay tuned. nct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪
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. it's tweet time. let's get some of the tweets. is it time to nibble at some walt disney. captain america top movie for third week in a row. espn and abc dominate the nba playoffs. >> content is where you want to be but disney has had such a huge -- >> how do you know johnny wrote that tweet? >> it says it on top. remember that name. he's probably going to be working for disney one of these days. don't forget that. >> that johnny? >> anyway, johnny, it's got to hold 77. if it gets below that, i would be out of disney. >> what do you think about melco
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crown entertainment at these levels? >> well normally casino names rally in april. i would see the market bouncing back here. that catalyst seems to be over or long-winded. i would wait on buying until they firm up. >> it's so serious when you use a first name, stephen. kind of creepy. all right. stay tuned. can you start tomorrow? tomorrow we're booked solid. we close on the house tomorrow. tomorrow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. csx. how tomorrow moves.
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but she's still gonna give me a heart attack. that's health in numbers. unitedhealthcare. let us take a quick check on shares on netflix. pretty much at session highs, up 6.8%. good earnings report announcing it's going to increase fees by 1 to 2 bucks per subscription. dan. >> ibm is filling in its earnings gap. i think it sees 185. >> i'm going to go with tlt. you buy that tomorrow morning. >> tesla. >> say that one more time. >> tesla. that huge level of 185. i think it's time to get back in
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tesla. >> guy. >> facebook reports on wednesday, nice day today. facebook into earnings this wednesday. >> all right. i'm melissa lee. thanks for watching. see you back tomorrow. meantime, "mad money" with jim cramer starting 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. i want to make you money. my job is not just to educate but to teach and coach you so call me at 800-743-cnbc. we live in a very confusing moment for the stock market. there's always someone yapping on tv or the paper or the internet attempting y
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