week we have. melissa lee, what's coming up on "fast money"? >> we're going to have stock picks. no, we're going to talk about the potential for stock deals from pharma. "fast money" starts now. our traders tonight -- what a difference a day makes. stocks staging a big comeback today. the nasdaq and russell 2000 coming back. is the market giving investors the all-clear sign? >> well, i think it's just recovery. you had a cover positions, right

out of the gates, you didn't see any follow through. at this point, it's not all-clear. but what is going to be the follow through from here? sanctions? that doesn't have any bite to it. >> i thought the market, best case today, up five in the s&p. and i thought there may be a rally early and close up late. but it's potentially broken here. i think we'll test 108 and and then test the broader market. i don't know what changed in 20 hours, maybe the options expiration tim talked about. >> you thought it was going to be worse than yesterday. >> well, if you look at the rest

of the emerging markets here, or other risk assets, they're higher today than they started yesterday. they're higher as if this event never happened. and the russell, if you look at a lot of the technical indicators, it had been underperforming the s&p. it's bounced today. that's a very positive sign for markets. i think today was a lot about people trying to estimate what the response is going to be. i think monday morning, people are going to reassess. but we're going to have a good -- people are rotating into big cap stocks. >> and in the eck kities market, particularly in the ones that

got hit hard yesterday, we didn't have the same symmetric recovery in those. >> some of the assets that really responded yesterday, they just had a mild pullback. basically, closed where it opened. so, i don't think it's an all-clear, but on monday morning, you don't necessarily have to go and buy. you can wait and see. no reason to jump in monday morning. i think the market is going to price in the worst-case scenario. the key will be whether or not europe can get any other type of energy supply. >> and l and g, it was a nice day. looking at crude, to your point, to the reverse of your gold

argument. crude, energy, one of the worst performers today. they still reached to utilities, staples, to stocks you wouldn't think they would be going for. >> and the same reasons, we've been talking about the middle east, and the geopolitics in russia and ukraine. russia isn't going to cut off oil that they control. so, oil should have rallied a lot yesterday? i don't agree with that. china, gdp, that's what i see. i would stay in the integrated names. >> and in terms of slb, you have

something to trade against on the long side. and world leaders looking for what took down flight 17. michelle? >> president obama announcing that one american was aboard flight 17. a friend telling nbc news that he was kind and caring. and president obama announcing that ntsb representatives will travel to the crash scene. >> this will be a wakeup call for europe and the world that there are consequences to an escalating conflict in ukraine.

it's not going to be localized or contained. >> and angela merkel placed the blame square on russia and ukraine, the situation there. it's russia that's responsible for what is happening in ukraine at the moment. and vladimir putin said that ukraine was to blame for starting a war with the insurgents. and called for a cease-fire. the key question, does this downing of a plane bring down even more financial sanctions against russia? and natural gas supplies, the pipeline runs through ukraine to

europe. would europe risk the possibility of being cut off from supplies from russia if we see this? >> thanks. let's deal with this. it's going to be germany and europe dealing with this. >> angela merkel, she's absolutely critical to getting germany on board. i think putin, a bit of irony here. putin said all of russia's actions are a function of representing russia's interests without borders. now, the rest of the world needs to protect their interests, and i don't believe we can avoid a

major response here. and i do think people are struggling to see where the impact is. i think this should be raising the risk levels for markets. will could be one-off and extraordinary events. >> and i want to drill down to the oil and gas thing. bp and other companies, total, bid higher. and bp, still lower. do you stay away? >> you stay away. if you want to try to play this, you can do it. tim and i talked about being short germany. the daqs and eeg, that's the way to go. if you look at how it traded

today -- awful. >> it was down. >> and weatherford, among the service names, has the most e o exposure to russia. it wasn't banged up. closed green on the day. i don't think globally, there's enough to stomach, to go to war on this, to make it a bigger exposure to a war risk here. and twitter has some new numbers for wall street. we'll break them down. and could fedex really be involved in drug trafficking? the government says yes. we've got the details, next. ...for the year. hi. sorry.

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twitter acquiring payments provider card spring, and using expanded metrics in its earnings report.

sounds like desperation. >> you shouldn't be judged on mius. the scope and breadth is so much bigger than mius. you look so skeptical. everyone gets their news, the news feeds are scrolling everywhere from twitter. you can not quantify that without different metrics. >> you're still in the name, right? >> i'm still in the game. they get mo pub. their tentacles are everywhere on the web. and you should be looking at two actually sees the feeds. so, if it's done on this news channel, you should see who is viewing.

>> but it's not monetized. >> youtube, you get how many people will click on the tweets. if there's a link, you click on it, twitter should still be quantified on that even if it's not a twitter user. >> well, it's nine years into the company. they're just figuring out there is more information that people may want to have. >> well, they haven't been a public company for nine years. they're getting use to it the same way that facebook did. >> what's one of our favorite

games on "fast money"? >> look at facebook, and twitter. next up, fedex faciining dr trafficking charges. >> well, i'm sure fedex isn't personally involved. the stock was higher today. giving the choice today, ups, when i worked there, i would check every box myself. that said, fedex is less expensive. look at the legs. >> hot stuff. hot to trot. >> look at that. that's great. >> earnings, that's your play. >> look at that. bang. >> u.s. drug maker abvi buying a

european rival, shire, to benefit from lower tax rates. i sat down with john paulson to get his take. take a listen. >> we'll have to see how creative this transition is to abbvie. if they get multiple expansion, their stock can rise after the transaction. and if you hold on to shire stock, you can get an additional premi premium. >> let's bring in meg. >> well, this is the biggest transition, $54 billion.

and people tell me this is going to heighten the pressure on competitors to do deals before it gets to late. already a lot of scrutiny by washington. are they going to close this loophole? and miles white wrote an op-ed asking, why is everyone tiptoeing around this? and abbvie and shire, shire is big on rare diseases. and the question is, is this going to drive abbvie to do more deals in rare diseases? and potential targets, biomarin,

sobi, others. >> and it was interesting, paulson said, in pharma, it's going to be predator and prey. a lot of companies are going to have to do a deal soon. >> and what's interesting is, shire just reported great numbers. this is a company, if you look at it as an abbvie shareholder, it's an exciting time. by the way, there's a tax issue here that the u.s. government should do something about and stop pointing the finger. >> well, the synergy is, they're

diversifying their portfolio away from humira. >> and you think maybe they're going to be doing a lot more deals. >> could be a race, an absolute race to do these kinds of things, unless they put a stop to it. which they're not going to do. and abbott, looking real interesting. >> and biomarin. today, bounced off 55. been very good support. i don't know if they're going to want to buy something up 6%, but you can use that as a stop. big earnings reports coming up next week. which are our traders most excited about? that's next.

time for pops and drops. big movers of the day. blackstone, up 5%. >> looks like a settlement. blackste bla blackstone -- >> and interesting from dan loeb, talking about it's a way to play recovery in argentina. hoping the bond deal will get done. >> and ypf, up 6%.

>> well we said, this is why intel -- it starts trade at 3 1/2, go for it. >> i think you said that. >> and they didn't guide higher going forward. >> and a pop for beard -- beard gardens. a whacky new trend, some men weaving flowers into their hair. it started on tumblr. adorning their beards with leaves and flowers. >> how about a back garden. if i saw a dude with that, i'd crack him. but i'm not advocating violence.

>> and a slew of new reports due next week. netflix, starbucks, others. tim, what are you watching? >> i'm watching starbucks. it's a name, if you look at the chart, it's struggling, but not terribly cheap. it has so much more to offer than something like mcdonald's. k-up sales are growing. starbucks, to me, have also passed through a price increase. i stay in the maname, and expec better guidance. and boeing did okay. when you start to see cancellations and capacity

cutback from lufthansa and the middle east. that's going to hurt boeing. so, i think you stay short, boeing. >> apple? >> i think going into september, october, i think you see it above par. >> and this one, it's goating expensive on valuation. long on earnings, stay ahead of it. caterpillar. >> before our final trades, we want to wish our good friend b.k. good luck. if you're on nantucket, cheer him on. going through the triathlon.

good luck. tim? >> and a happy birthday to beautiful wife. >> twitter. >> blackstone continues to rally. >> come back next week for more "fast money." stay tuned for "options action." are you sure we should take this billboard down? people find out state farm does car loans as well as they do insurance, our bank is through. good point. grab an edge. look there's two guys on the state farm borrow better banking sign. nope for real there's two dudes on the state farm borrow better banking sign. [ reporter ] breaking news from the state farm borrow better banking sign... we're seeing two men that have climbed the borrow better banking sign gentlemen please get down

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this is "options action." tonight -- we're not l.l., but there's one sector options traders see as the best place to play catchup in the market. plus, facelift. not that kind, joan. facebook. and how high do some traders see apple going? >> $10 million. >> not quite that high, but the