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tv   Fast Money  CNBC  June 2, 2014 5:00pm-6:01pm EDT

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was some sort of kos mick market top. "fast money" in just a few moments. melissa lee with a look at what's on top. >> talking about china and what the new epa missions rule might mean. of course, we are trading apple. >> i was going to say, no one does it better. over to you guys. >> "fast money" starts right now in new york city's time squares. our traders are tim, anthony and guy dadami. apple's new announcement. it's worldwide dweveloper conference. let's go to josh with all the details. josh. >> melissa, big crowds at this developer's conference. they were lining up while it was still dark out. 5,000 developers. 1,000 apple engineers on hand.
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and speeches by apple's top brass. lots of news. let's take a listen to some of the highlights. >> we discovered os 10 yosemine. doctor you're on speaker phone with over 6,000 amazing developers here. we all want to welcome you to apple. >> today we're announcing. ios 8. >> developers have created a vast array of health care devices and accompanying applications. everything from monitoring your activity level to your heart rate to your weight. health kit provides a single place that applications can contribute to a composite profile of your activity and health. working with the leaders in home automation devices. and we have come up with a home kit.
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>> so no hardware updates today. but again that's not what this conference is about. it's about software updates and services. perhaps, laying the foundation for products in the pipeline. melissa, back to you. >> thanks, josh. the big component there. the home medical devices as well as new features. this going to create a stickier oh koe system. that's what apple had been about. now they're branching out into new areas. >> it's not about hardware even though we do think there's going to be an iphone refresh. the iwatch is something we're waiting for. it's about enhancing the system already in place. i think this is positive. goldman upgraded them. how do you monetize payments? even the itunes service, people believe this is about getting the artists more involved. they're trying to get the
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developers more involved. this is a company that has innovation ahead of it but about a big cap stock underowned. >> it's got a relationship with nike and mayo clinic. it's beyond that. now what is happening in the medical world, they're developing programs to alert people which would be transmitted to their doctors for the doctors to say come into the office because it looks like you're going to have a heart attack. >> friday was an interesting thing in terms of the way the stock traded. the big move to 644. closed at 633. 20 million share is almost twice normal volume. i don't think that means the move to the up side is over. there seems to be wind in the sails for the stock. we're going back to 700 or post we're going up to 100. one or the other is going to happen. >> it's small ball versus large ball or home run ball that steve
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jobs was playing. i like the strategy they have in place. they're going to create that ecosystem between the mobile phone and the hard top computer. when they get the ipad redone, they're going to have the fingerprint capability there giving them the purchasing and the commerce of the stocks at 15 times earnings. $150 billion a cash. this thing will be bought over the next two to three quarters. a lot of people. >> and that means that you could see upside? >> we're long and bullish on it. >> this is far more of a story as you mentioned, this is software. this isn't necessarily the exciting part for apple. the exciting part is when you talk about the hardware and phones and ipads and all the rest, but this is the back-drop to how they're going to make money. it's all the things we heard so much about whether it's the in
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home security or from the health perspective, they're trying to attract us and it's about the ecosystem. this is the ecosystem story. it's just not exciting. if tim cook would have dropped an ipad out of his pocket, that would have been exciting. but nobody expected that. this big run-up was looking for something exciting. this isn't the type of catalyst now. >> in order for people to buy that new iphone or ipad as opposed to a galaxy tap, they need to have the ecosystem. people will be stuck in the ecosystem. >> you're right. but people can't put their arms around this. they don't understand all of what is -- >> i think they do. >> why wouldn't the stock be going higher? >> if you listen to the apple geeks -- reading blogs today
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around the whole event. this is the much deeper ios and something giving them more power with developers and the user experience. i think there's something different here. people are disappointed by the last couple releases. if you look at the stock, it's underowned by the street. big cap tech. that rotation continues. this is as good as it gets. >> let's bring in managing director gene, what did you make of all these announcements? is the stock going to move higher from here? >> i think it does move higher. there were some subtle significance of what has happened today. this is really the substance of what makes the hardware great. and i think another important take away is that you could look at what happened today as apple announcing some new product categories around health in the home but the reality is this wasn't what tim cook was talking about when he talked about new product categories. for those of offwho need to see
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the substance of new products, they're going to come. but the importance of what happened today is still should be emphasized which is they're going beyond just devices and platform and getting more into services which makes the overall experience better. >> gene, i think you have a 640 price target on it. the stock traded on friday. this catalyst or whatever you want to call it is now somewhat over. what's the catalyst for you to move your price target higher? you said yourself you think the stock is going up. >> we just inched it up to 730 last friday. we're up ahead. to answer the question, what's it going to get to continue to go up. i think once investors see these products in september. i think today was an important step work of what's going to come in the future. >> gene, do you think that steve job is -- his legacy is still
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affecting apple? if you forgot about steve and looked at what they had, this is a phenomenal story. there seems to be a drag by former owners of apple that were tied to jobs. what's your opinion of that. >> we often get the question of tim cook. i think he's doing a phenomenal job. i think the reasons the questions come up is what steve jobs did for the company for so long. i think the investors perception of cook is going to be different 12 months from now than it is today. >> how do you view health kit and home kit? is this just a incremental hardware boost. so you're going to see it filter in terms of iphones and ipads or will we see a breakout in a home kit and health kit line item? >> as it stands today, those
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services, apple is not going to monetize it. developers will be able to access for free. that's not a new line item. eventually we think they will be able to charge for what's known as an api call. that is going to be something slightly shifting how investors think about the apple story to be more focused on services. that may be six months or a year away. i think they're laying the ground work for that. as far as the hardware piece, obviously the iwatch, call it what you want, is still on the come this year and that's something adding about 5% to the numbers in the first year it's out sell. >> up 5% revenues? >> in addition of what the street numbers are. that assumes 10 units which is at the low end of some people's expectations. >> thanks. joining us from san francisco this afternoon. what are we seeing in terms of options activity as we go into the 7 for 1 split?
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>> we are starting to see a bit of a creep now up now in the volatilit volatility. we looked at the stock trading around 11.5. a little creepup but starting to get higher. people buying calls and puts. volumes coming back. >> one of our traders says another asian market is ready to break out. find out which one next. plus the day before tesla's shareholder meeting. one bearish handler is making waves. we've got the deal on tesla coming up. it starts with little things. tiny changes in the brain.
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some encouraging signs of strength out of china. our next guest says it's another sign china bearers will end up on the wrong side of history. does this make a china bull, dennis? >> first of all, people get excited about the fact the pmi was up 2 or 3/10. i round everything to the
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nearest whole number. anybody who thinks that they can make a clearest mags of what's going on in china other than that, other than expected gdp to be somewhere between 10% and 15%. very smart people have been calling about the demise of china for the past 2.5 decades. they have been completely wrong. china, their population is leaping from the 14th century two the 22nd century and bypassing the 21st century and not going back. you have the biggest migration in the history of mankind. chinese population moving from the western provinces to the east. yes, there's a lot of housing that is overbuilt but on balance, that's going to be taken up on balance. china is moving from the lower left to the upper right on the charts. economy is moving stronger. if that makes me a china bull, i will continue to be one. >> it's tim. i agree with this.
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you trade in the range of the pmi and done it for 2.5 years. what part of this trade is at least benefitting from china not blowing up as you said? a lot of commodities have been priced as if china is going out of business. and there's got to be some value in here. i think some of the diversified miners are interesting. how are you playing china not blowing up? >> i think the way to play it not blowing up is to probably be long of australia. probably to be long of the australian dollar. china gets terribly confusing to me. i don't want to own anything in china. i don't think i understand the accounting principles in china. neither do they. i think on balance, the australian economy and new zealand economy sitting right there being the suppliers of goods and services and shall be for a long period of time. that's's yr for me to understand. i'm an old dog. don't teach me new tricks. >> i want to talk about coal and
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the impact of the proposed epa emissions rules. it was interesting trade in coal today. you had names like walter taking on the chin and cnx and btu were resilient. how do you view this trade and how these rules could impact it? >> there were two place that is i really like to invest. i was on the tv show several times saying i want to own aluminum and coal. i did own coal for a long period of time until two weeks ago. it started to bother me that coal stocks weren't making new highs. all of a sudden you fail to go up up days in the stock market. where in the past peabody coal for example used to rally on down days. not doing that any longer. i think it was 18.25 i started to sell some of my peabody and
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here you are almost $1.50 lower than that. i think the stocks in coal had anticipate what the epa was going to say. i think the epa has made it a difficult trade. i want to own coal eventually but it's got to show me a base once again. and going to the old rule, do more of that which is working, less of that which is not which is the best investment rule of all time. as i was coming out of coal. i kept buying that which was aluminum and it keeps making new highs. i'll stand aside from coal for a while. it's still going to be 40% of electricity generation for the united states. i think the epa is wrong. nonetheless, they have done it. we're going to have to deal with it and going to take a long time for coal to make a base before i'm owning it again. >> thanks to see you again. dennis garman. let's talk about what had been working. a couple updates on alcoa. >> tim talked about alcoa.
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the stock started telling you 2.5 quarters ago when it broke through levels we hadn't seen in years in the name. i think to the wind and is sails coming alcoa is still there. look at the move that boeing has had as well. every time again gets down to 120. we flagged it. holds, bounces. >> another i watch is japan. japan broke out last night that's now right up against 15,000 which is a key level. if it breaks out to the upside then you buy this. i have every expectation of getting a corporate tax cut through. i think that's what they ultimately need. if you look at japan, you have got the best earnings momentum of the g3. look at japan again. >> let's get some unusual activity. pete watching heavy call buying in what you had talked about
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before. >> yes. ppi. just for one second. the ewj which was another one, 500,000 plus contracts traded today. june, july calls in there. you take a look at what's going on. buying some of the upside. when you see the june 22.50 calls today. we have been seeing that going on. you look at the dxj as well. you're seeing monster activity. but the epi stands out. >> what's the view on india and china? >> i think the infrastructure in china and internal spending by the average middle class investor/consumer is very high. and so sometimes that pmi number is good to look at and good it's above 50 but a lot going on in china that's positive away from the pmi numbers. i think the hedge fund community
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is bullish on both and consistently short on it. but most guys are bias on both of those countries. >> next the latest details spreading internet access across the groeb and what do beards and wild animals have in common? there's an answer to that when we come back.
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>> next the latest details passion...
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became your business. at&t can help simplify how you manage it. so you can focus on what you love most. when everyone and everything works together, business just sings. drivers want to go further with their electrical vehicles. but you can't take a trip from lisbon to stockholm if you can't plan and re-charge along the way. the european commission is using cloud to make this possible. creating a single charging and billing network across 28 countries.
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so drivers can travel as far as they want to go and when they want to go. breaking news now for look heed martin. >> on the defense front the department of defense announced
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it is awarding nearly a $1 billion contract to develop and deploy a space fence hoping to be operational a little over four years. half that money will be given for r & d tests and evaluations. when i was at the pentagon last month protecting our assets in space has become a big, big priority. they're seen as vulnerable. this fence uses radars on the ground to give the air force better information to track objects of space, micro satellites. debris better than we can right now. potentially alert operators to detect space events which could present potential threats to international space stations. we're not talking about things you see in the movies but military threat from future foes
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who may want to take out our space assets. >> sounds like a space radar as opposed to a space fence which you're keeping things in or out. >> i don't think they're going to deploy a fence. but it's radar where -- >> when one says fence you think fence. >> i know. that would be cool, be no. >> thought it was fencing. >> thanks for clarifying that. with the lockheed martin contract. $4 off its 52-week high. >> all time high. double now in less than a year. valuations are probably stretched. i mean it sounds like a big number. but that's over the course of many years. there are reasons to buy it. this is probably not one of them. if you're buying on the back, i would reconsider. >> these companies have done a great job with the cash flow. di de dividend increases.
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>> take a look at broadcom soaring just 10%. it could be 70 to 80 cents boost. >> right. and you look at this name and look at the pe. it is not that bad at all. it's contributed well. look at the chip space. that has been the leadership role since the beginning of the year. i think this name is still too cheap and goes over 36. >> google, spending between $1 billion and $3 billion providing web access. google will officially debut it's android tv at its developer conference. >> good for them. how do you trade the stock? it's finally despite today down a percent. it's getting back what it lost
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on the earnings day. i was surprised it traded as low as it did. if you look at the chart, you have seen moves of this to the down side. 17.5 to 18.5. and i think it's going to continue this rise we're seeing. i think we trade back to 600. >> i love the stock. i have a son that works there. they have the best long-term game plan and best portfolio. this thing is trading higher. i'm not 100% on the satellite thing. so many have failed on that situation. but google has got the money and if they make a mistake, not a big deal. >> tesla holding its shareholder meeting tomorrow. the stocks valuation remains difficult to justify. could remain -- sticking with its underperformed rating. when they compare the
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valuations, they're comparing to luxury autos. >> i gave jay a lot of credit. he's been negative for a long time. i don't think he's willing to accept this is a tech company. a lot of other people are. he is saying electric vehicles, we were supposed to be at 5% of the overall market share by 2020, right now we're around 1%. the combustion engine is not dead. part of the argument is purely valuation versus luxuries. the other part is the battery. they're roughly about 250 to 275 per kilowatt hour. you have got to come down to 75 to be able to compete. that is certainly extreme. there are morgan stanley saying they think the electrical stories are dwindling. >> are you with them -- >> there's no way to assume the competition from the luxury guys won't also be there. >> coming up, the billionaire of
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the golfer and gambler. talking about shares of clorox that may have tipped off the fbi and sec. plus the latest headlines on the fight against cancer. the biggest names on pharma and how to trade it later on. with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. deep brewho's got two relahooves and just got a claim status update from geico?
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my mom works at ge. that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business.
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welcome back to "fast money." live in times square. billionaire carl icahn is in the center of a fire storm. surrounding his stake in clorox in 2011. shares fulling 4% in today's trade. let's bring in dan nathan. dan. >> well, you know, originally he was just long the stock and this is back in february of 2011. let's think about two reasons why, what can be the tell of an activist getting involved in a stock. a lot of times you hear smart money is doing this or that and in february of 2011 it was very simple. when these activists get
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involved, they like to quietly build their position. there's two things that tip people off. if they're short dated call buying or out of the money call buying and in a frantic sort of manner. that's one tell. and the other one is kind of longer dated sized up really out sized call buying. there's two situations with carl icahn that come to mind. the clorox one is here. february of 2011. he files, this is where the stock goes. and in july 2011, all of a sudden on a monday afternoon the stock spikes, trades five times average daily volume. the options traded 50 times. and short data call buying. 4,300 of the july calls. this is when the stock was about 68. were bought. if you're going to buy those, somebody has to know something. july 14, what happens? carl icahn is 9% holder puts in an unsolicited bid for the company. 7650. the calls were worth a lot of
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money. there was rumors about ebay. and there was massive call buying here. back in november. there was 50,000 calls bought. december, 50,000 calls bought. these were one block. and then what do you see? still call buying in january and then january 22nd carl icahn puts out a proxy he's a 1% holder. he has no obligation -- these guys talk. they're invest -- investors. there was other reasons i can buy the stock too. they buy 50 call spreads. >> i think what's interesting is that the point that he is not an insider and doesn't have a stake large enough where he has any sort of position like that on the board. if we're chatting about trades,
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we're chatting about trades. >> the big deal is he's carl icahn and they're trying to send a message to people through names like this and he's making big headlines and it scares people. martha stewart scared people. michael lukin at the time scared people. we're going to be talking about it in the green room. knowing what i know from corporations law that i have taken, it's going to be hard to prove anything in this case. and i think it's a little up setting that you can have this kind of fanfare around him. >> this is with respect to someone who went to law school. >> yeah. >> just so the audience knows. >> probably the only thing i remember from law school is the whole context of the tip being. you want to understand it. this is a very complex thing. it's very, very tough to prove. >> let's get to the other side of the story. it's not just ikahn being targeted. billy walters was also named.
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>> billy walters has made a fortune betting on football. did he bet on wall street based on inside information? walters tells me no, he didn't know he was being investigated. he's a legend in sports guam belling. betting so much money. calling walters super brilliant adding if he was a bad guy, i would know about it. paul bessre calls walters an action junky. walters likened investing to gambling. >> you're either a hustler or being hustled. if you look around the room and can't find the mark, you're the mark. >> that was his quote from "60
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minutes." he expressed negative opinions of wall street after he said he had been swindled of investments. he would not comment on clorox. it's not unusual for the feds to search for signs of wrong doing on the golf course. last year the senior partner scott london was arrested and sentenced to 14 months. that friend brian shaw giving rondon a bag of cash was today sentenced to five months in prison. >> the overlap is that carl icahn owned part of the stratosphere and could have been -- >> gambling. >> comingling with walters feasibly. >> can i just -- >> go ahead. >> it's a hard thing to comment on. i have no information to make intelligent conversation. the fact they're investigatinve
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i think it gets worst than better. >> isn't it good they're investigating some of these things? when you see the kind of activity -- >> there's unusual options activity all the time and nothing happens. >> right. but i do think it's great to see they're acting on some of this. because when some of them stand out and in certain cases they stand out in a ridiculous way. allergan stands out to me going back before when all of the bidding war started. >> i agree. >> i think it's something the public says -- >> i think they have a lot of momentum on their side in terms of bagging some sorts of big elephants out there and they're going to continue to try to do that. that's not an indication to me what i think is right and wrong. i do think they have the biggest head they can put on the stake. >> delta is up. moderately positive. i think earnings are going to be
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good tomorrow. someone asked on twitter, i like apple more than delta. >> pop for teva. tim. >> some people think they're preparing for something themselves. to me, this is the best way to play markets health care and this is a name i would stay in despite the people worry about their ms growths. >> a drop for ttwo. down 5%. >> when you start looking at the revenues. a large short interest in the stock. the stock starts to sell off. now they're giving some of that back. >> big drop for servicenow down 4%. >> they're presenting in a conference on june 4th. maybe that's the day you get the flush. valuation of the stock makes no sense whatsoever. >> and a pop for beards gone wild. coming as no surprise, these
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three guys have grown something special. creatures groomed entirely out of facial hair as part of an ad campaign warning hipsters about the dangers of going unshaven. >> your on your way, baby. you're on your way. >> pete can't grow hair. >> it looks like a squirrel. >> got a little something there. >> i don't know what that is. >> it's a ferret right now. >> billy idle's eyes without a face. >> is that what that was? >> we have got the latest from the call and how traders are playing crispy cream next. plus breaking down the options actions behind biotech's moves straight aid head. there's this coupld head. hea. .
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crispy cream and
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. more with morgan on krispy kreme. >> checking out krispy kreme, it is getting creamed in the after hours. the first quarter earnings that match street estimates with sales coming in light. what investors are focusing on here, in the after hours the stock trading down not so sweet 10%. back to you. >> thanks for that. morgan, got to get the creamed one in. >> you know, not so sweet in the end. >> not so sweet. >> it was all there. it was all there. >> well rounded. >> very nice. >> let's move on. the american society of clinical oncology known as asco, over 30,000 attendees. let's head over to meg who is live in chicago with a few of the biggest headlines from the conference. meg. >> we're seeing a lot of data here in the hot area.
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some updates in bristol meyers and the first time it's come out with a big show case. almost $120 billion bid. we talked to some of the ceo's of the bigger movers today. up about 7% as investors were reacting to the leukemia drug. >> i think they're responding to the overall picture. to our increased understanding of the benefit risk and the very strong efficacy data in a new solid tumor indication and better understanding of the safety profile. >> now, on the flip side, clovis oncology was down about 7%. investors were concerned about some side effects which caused high blood sugar in some patients and some concern about
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the severity of the side effect which he add rressed with us. >> we had three patients that did go on insulin but no we do not cause diabetes. >> saying we do not cause diabetes is the word from them today. we could be seeing more stock movers tomorrow. >> thanks for that. meg joining us from chicago. pete, you have got a lot of trades mostly in the big cap. >> right. and talking to the guys who know everything about these different companies said keep an eye on the big pharma names. i think they're right. when you look at the headline stories it's bristol meyers. astrazeneca, big cap pharma names. but you want to look at the biotech names because that will be the pipelines at some point in the future. this is the area now where the big pharma names are looking forward and saying this is
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somebody we have got to grab up for our pipeline to increase. >> what did you buy into as koe? >> i have added to lilly. i think there's plenty different names going to the up side from here. >> another big mover out of the arena conference pharmaceuticals. >> what we were looking at is ario pharmaceuticals. this was a stock that got shot up last october when there were concerns about arterial thrombosis and that caused the fda to suspend adding new participants to the trial. they just announced over the weekend the results of the trials. they seem to be positive. when we saw over three times the average daily call volume and they were buying those for about
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15 cents. so those are making bullish bets that the stock trading just under $7 could be above $8 or $8.15 for june expiration. if you fall how how much that stock could be hurt, there could be more up side potential. >> thachcheck out the website optionsaction.cnbc.com. announcing charges against russian national. what's the next big target for are hackers when "fast money" returns. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor...
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the justice department announcing it helped disrupt a global crime ring affecting hundreds of thousands of computers. making cyber ex-torsions. the ceo speaking out on the growing number of the hack attacks coming from overseas. >> we tracked more than 20 groups from various parts across
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the main land. we're seeing a kind of eastern front, western front with america. indictments are one more leveling up in terms of defcon if you will. more to come unfortunately. >> the head of security helping protect businesses against cyber attac attacks. it's harder to track down because there's not a single controller of the spot? >> correct. it's revolution of the design of how these work. previously you were able to find the leader of the command control and take those. this one has a very distributed, very advanced design which makes it difficult not only to track the people controlling it but to find where to shut down to have an affect on the network. >> whenever we find a way to track down the latest threat, another one comes out and
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hackers have found a way programming around a security feature. where are these new developments happening? are they coming from china or iran? what are the newest frontiers? >> attackers researchers have a relationship. once an attacker needs a way to get into a system, sometimes that comes out of direct research or coming from the attacker themselves finding a way to stop the defender just enough. but a lot of the research currently is focused on the internet of things. moving away from individual pc's or cell phones or on to the additional things from coffee makers to cars are going to be on the internet in the near future. >> earlier we were talking about apple's move into home control. home automation for instance as well as into the medical devices area.
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these are all the next frontier for hackers and the targets they're targeting right now? >> correct. this is where things are moving. some of these things are decades behind in the security you would expect on your computer or cell phone. that's why our firm specializes in helping folks securing things before they add them to their networks. they would have the same expectation of security as they would their pc. >> i don't want to pick on any brand. let's say you have a thermostat controller where i can pick up my smartphone and turn up the temperature at my house. that can be hacked? >> many of these things can be broken into because they don't get as much attention as your pc or cell phone. >> adam, thanks for your sitime. home automation is moving to home automation of locks. can i unlock my door before i get there and turn off my alarm?
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if that can be hacked, you're opening the case to a -- >> scary stuff. >> you never do that. >> he's got the key. he's the locksmith. >> of course, you got a key. >> i want to buy anthony's mercedes. >> can we have a serious conversation? >> i apologize. >> but i mean, mel's interview i thought was particularly interesting because here's a titan of the industry chwho is disappointed with the u.s. government. at a time when we're supposedly leaders in the world. >> and we're moving more and more towards this activity and we're flat-footed when it comes to security. >> we still have the best cyber technology in the world. >> phil mickelson. morgan, what is it? >> we now have a statement from
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kpmg. saying quote, we have had a very strong relationship with phil for a number of years and expect it to continue. we have great respect for him. end quote. back to you. >> thanks for that. coming up next, target still under fire over its data breach. cramer is getting the scoop and magnum hunter, can the stock see the upside. cramer is going to find out. got your first moves when we come back. stay tuned.
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time for the final trade. let's go around the horn. tim. >> the banks come not doing well. the capital raised last week has some people concerned. i think this means these are the last guys standing. deutshe bank, protect yourself. >> delta continues to run and running higher from here. right behind it. >> thaanthony. >> we like ebay here. cheap stock. this is a buy. and it's a hold. >> talking about the chips.
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broadcom had a big day but -- >> like that? >> giddy up! >> you guys should hug. >> romance. >> all right. anything else to say about marvel? >> i was going to hug see you tomorrow. meantime, jim cramer starts with "mad money." >> my mission is simple -- to make you money. \s. 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. i'm just trying to save you money. call me at 643-c northbound, tweet me ad jimcramer. why can't we just admit that some s

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