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tv   Fast Money  CNBC  November 6, 2014 5:00pm-6:01pm EST

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bourbon industry. the number of jobs has increased 100% in two years. the average wage is about $90,000. >> and i -- listen. it is phenomenal. we'll tleef right there so "fast money" can begin its show. glad you're here. >> "fast money" begins right now. live from the nasdaq market site in new york city's times square, i'm melissa lead. if you are wondering why we look more dapper it's because we're getting ready for cnbc's "next 25" gala event. we'll bring you vip access to the red carpet. also the founder of the first 25 list here on set to give us his exclusive insight into india's tech revolution. plus regis philbin will be here
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on set. he's got a few new stock picks for us to discuss. we start with breaking news on bank of america. the company lowering third quarter results. this is not the first bank to do this provision for potential settlements. guy adami, what do you make of this? >> we saw one with jpmorgan, bank of america now. i talked about this. it all leads back to morgan stanley who has been getting away from that business. they've ramped up their asset management business. people laughed at them. that's now the cash cow. so all the negative headlines for everybody else should point -- continue to point in the direction of morgan stanley. >> the negative headlines have also been opportunities to buy it the next day. citibank, we were all up in arms. a bigger linkage into something greater. an opportunity to buy the stock. this is a case where you really have to consider the big picture. the thing of bank of america, i'd look at the technicals of the stock. the stock has been running up
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against this level. trouble breaking through. that's a bigger issue than this accounting news. >> finally all these banks setting aside extra money saying this is what it might cost to get this behind us. that should be an opportunity. >> i totally agree with you. and i look at this whole thing. every time we see this, it's an opportunity. jpmorgan last week late in the session we hear this news. stocks down a little bit. it's down the next day and right back up above those levels where it came from. each and every time we all determined that opportunities are when these stocks get sold off. bank of america is down very small. i still think this is an $18 stock pushing towards 20 before the end of the year. >> this will not register a month from now. if it's very weak tomorrow, absolute buying opportunity. >> what do you think -- your top trade in financials at the end of the year. >> i want a bank who has the most operational leverage to where you're seeing loan growth
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and the ability for these guys to normalize profits a bit. >> i agree with tim. i think citibank is. when you look at where it's trading to tim's point, look what it's supposedly worth. even if we diskont it somewhat, it's trading well below these levels of $60 a share. i think there's great opportunity. restructuring going on. and if and when they decide to spin off some of their areas in the foreign currency area where they've had some exposure, mexico for instance comes to mind. i think that's the catalyst that really pushes this up and through 60 and suddenly when will they be able to pay real diftends again? these are the catalyst that push it through. >> if you were -- no, no, no, wait. let me finish what i'm going to say. let me finish, finish, finish here. if we tor believe the u.s. is the best economy in the world relative other tos, would we want to be in a city. if forced to choose in the
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financials, would you choose a citi or be in one that's more domestingally exposed. >> for example? >> for example. usbancorp. wells fargo in the same boat. what's the name of the game? forced to choose. >> it's not a game. >> i don't think you'll get the negative headline risk of those two. some breaking news. let's get to kayla tausche. >> just a week ago, melissa, i was talking about the same exact thing with citigroup. we get a little more detail about exactly what's going on. now we're getting the 10q from bank of america. this $400 million charge or the $400 million adjustment to its third quarter profit is related to the multibank foreign currency probe. here's what the 10q says. the bank in particular in late october, the corporation received formal draft documents from certain u.s. banking regulators concerning the imposition of mandatory remedial
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measures and penalties associated with its fx business and its systems and its controls. that is the most specific language yet that we've gotten from a bank about how close these companies might be with regulators. at least here in the u.s. remember, regulators or federal authorities in the uk and europe and switzerland are also looking into this matter. on some levels as a criminal matter. we are hearing from bank of america now that u.s. banking authorities have been providing some formal draft documents of what we'd believe to be a potential settlement to these banks. that would make us think this is very far along and a settlement could come within days or a week. this is just one more issue out of the woods. but there is one word that traders will be interested to see and that is controls. it says that regulators are looking into issues with the fx business and its systems and controls. and controls is never a word you
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want to see because that makes you think that, hey, there could be something wrong with how the bank manages its risk. could that affect the capital return process or stress test process going forward? we will see. but the presence of that word could give some people pause. >> all right. kayla tausche, thanks for the latest. karen, does that concern you? when you think of controls you might think as far as more regulation. >> you might. although you know, i really think again this is ultimately going to be noise. if you look at how they've reported in the last several years, the market is looking past all of that and this will be another part of it to see what can this bank really earn. i think they can earn $2. you can get to 20 bucks and that's not a giant stretch. >> how do you trade this tomorrow? >> go in and immediately start buying options. >> would you do it in the after hours session? >> i can't do options. i would do stock put. there may be some panic folks decide to hit it and i get a better opportunity. i'd immediately target the
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17 1/2 calls. we've seen some big earnings news. we're going to see some right now. el pollo loco is reporting. so kate rogers in the newsroom. >> el pollo loco, 12 cents a share. revenue increased 8.5% to $86.6 million. comp store sales growing. the stock coordinately trading down about 3.5% after hours. back to you guys. >> thanks so much. el pollo loco. >> i like this name. you look at the margins, probably about flat right now. i think this is a company that at lower prices, it's a buy. when you see what it did in the post market, it trade up and close to $40 a share. and i think that was an opportunity to maybe sell if you had that opportunity then. i think it's an opportunity to buy runderneath where it closed
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today. >> now we will play the game, would you rather. >> el pollo loco or mcdonald's? >> mcdonald's. the multiple on pollo loco is unsusta unsustainable. ultimately you're looking for mcdonald's giving you a good dividend yield. so much good news poised in. i would much rather mcdonald's. >> we're going after the party tonight. it's jack in the box. going to qdoba. if you want me to play the pollo mcd game. i'm -- >> i take loco because i like growth. they have growth. they can prove we've got growth. >> chipotle or loco. >> we've seen some of -- >> it's like an algebra thing. >> i'll keep going.
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earnings reports this quarter. qualtime no exception. shares falling 9% after reporting a big earnings miss last night. joining me is fbr capital market semiconductor analyst. you rarely see this kind much move in such a large market cap. you say it's worth buying? >> yes it is, particularly under 70. >> there are three things going against it right now. china, eu and ftc. all investigating. >> indeed. they dropped three grenades on us last night. first was ftc investigation. second an investigation by the eu and finally, they said the chinese underreporters an the royalty side, that problem starting to grow for them. threes are three things that put hair on the name. qualcomm is a wonderful franchise. they own the market at the high end where the real money is.
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qualticomm is a name you should own under 70. >> the stock is basically flat for the year. don about 14%. today was a terrible day. what has changed in your mind, in your modeling that makes qualtime look more attractive today given the three grenades you say have been dropped on it. >> when this was in the 40s or 50s, we've had a long track record with this stock. this is one quarter. it's two probably pretty poor quarters in a row. but it's not the end of the story. it's not the end of 4g, lte. this is a base band cellular connected world in which we live and this is one of the top ways to play at connectivity. >> i'll play devil's advocate. this quarter says the losing market share to intels and those types of people. one of the big bets, get it to
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83. they'll crush it. an emerging market end of things. is that the leap i have to make? >> part of the problem is they sell an ap, which is the main grain in the phone and the base band processor and what they call a snapdragon platform. apple use their own a8 processor but uses qualcomm's base band. they are getting half as much money for every apple phone, as for say a samsung phone. this shift to apple, they are getting half as much money as they were before. that's the real issue here. >> chris, got to leave it there. thanks for coming by. so where do we go here? >> i totally agree with chris. 69, 70 bucks. this stock takes you back to march 2012. if you look at the stock, i don't think this was demand driven. it was all china driven. it may be one or two quarters before we get clarity. they've set the bar lower.
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cho china has been priced in. >> disney shares falling after the fourth quarter report. we'll hear from disney's ceo. that's next. no. it's called grid iq. the 4:51 is leaving at 4:51. ♪ they cut the power. it'll fix itself. power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable. it's in this spirit that ingu u.s. is becoming a new kind of company. one that helps you think differently about what's ahead, and what's possible when you get things organized. ing u.s. is now voya.
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welcome back. disney shares down about 1% because the company usually beats expectations. it did report across the board gains with particular strength at the studio. "guardians of the galaxy" and "malificent." pixar is directing another "toy story" due out in spring 2017. another area of strength, u.s. parks and resorts. iger says based on bookings for this holiday season his outlook is very bullish. >> booking trends are good. they are up in the quarter about 10%. pricing is up slightly. that's very good sign. so we feel good about the quarter and good about the year for parks and resorts. very good. and our cruise ship, that cruise ship business is also doing quite well. >> on big news on star wars today, naming the film "the force awakens," principal
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photography wrapped today. based on the footage he's seen, he wishes they were premiering the film in the next few days. iger said the forecast for "frozen" consumer products this holiday season is very, very hot. melissa, back over to you. >> thank you, julie boorstin. did sound like everything was coming up roses for disney. >> a little victim of their own success because they have been executing so well on so many different fronts. the stock we've had for a long time. we'll probably sell some spreads tomorrow. everything is fine. it's absolutely fine but at this level, 90-plus, it has to be better than fine. >> you have seen this a number of times where disney reports quarter is in line. great quarter. you want to knock some holes in it maybe. stock sells off and a week later it's making another new all-time high which i think is going to happen now. i wouldn't be surprised to see disney north of 95 bucks. >> the problem with disney, it
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gets to a multiple where you question whether some of the media companies were able to sustain their multiples. at 23 times, despite the theme parks. and business is going so well. it's tough to bet against these guys. my daughter bought one of the 3 million frozen dresses sold for halloween. elsa. and a lot of that -- expectations for the fourth quarter and holiday season are very high. this company continues to execute. i'm long, too, and probably will sell a little more. >> the elsa dress that i got, got it in an 8. >> technology in india. a look at what could be the next big thing in the industry when the founder of infosys joins us next. and vip access to cnbc's "next 25" gala event. we'll take you to the red carpet with the arrivals.
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every tighty in "fast money" team makes sense of the trades. serving up in-depth analysis and actionable advice. >> i think you buy the stock here. >> all to help you prepare for the next trading day. >> no reason to put a multiple of this kind on the stock and it's a reason why you don't chase it. >> this is "fast money." tweet us at cnbc fast money.
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we are all getting ready for our special 25th anniversary. members our our first 25 list will meet members the cnbc next 25 list. let's get to becky quick and joe kernen live at the event on the red carpet. looking sharp. >> you were a glimmer in your mother's eye 25 years ago, melissa, weren't you? >> you are such a charmer, joe. >> we are ready for you all to get down here. things are already happening. we're already greeting many of the first arrivals. sandy weill is here, former head of citigroup. he put together the idea of superbanking. thank you for joining us. it's so important. sandy is a member of the first
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25. the most influential business leaders over the last 25 years. >> i'm making believe this is morning. >> you said you're ready in the morning more than at night. i agree. i also like when i said who should we let introduce and interview sandy. i said i think you'd prefer becky. he said absolutely. >> go for it. >> we're looking back at the 25 years but also looking ahead at the next 25. wondering if you have any ideas about where banking and finance are headed over the next 25 years? >> i think the world is going to end up being a better place 25 years from now than it is today. i think the united states is really an exciting country, more new innovation is happening in this country than anywhere in the world. corporations are making profits going through a time when nothing is happening in washington. our government is not functional. i'm very, very optimistic about the election that took place
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yesterday. i think the republicans are going to have a chance to show whether they are grown up enough to really run this country. when we're going to know, you know, and hopefully good ideas will come forward. they'll know how to compromise. hopefully the president does, too, and we'll make some progress. >> your efforts, phil anthropically at weill cornell medical center. i know something about molecular biology. you are the type of success story and entrepreneurialship that we see in this country that then allows for philanthropy which will usher in a great 25 years in the future. thank you for that. >> i hope you're right. >> i am. >> sandy, thank you for being here. we look forward to the rest of the evening here. >> can i give you a kiss on television? >> absolutely. >> thank you, sandy. >> aw. >> we're going to send it back over to you guys.
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>> we're here on the red carpet awaiting your arrival. >> i'm fine with that. >> see you guys later. our viewers can do two things at once. log on to cnbc.com/25 to watch joe and becky's live streaming red carpet show. joining us, someone named number 13. he founded the first billion dollar indian company ever to list here in the united states here on the nasdaq. the founder of infosys. great to have you with us. >> my pleasure. >> it's our honor to have you. when people think about companies like foinfosys, they think about the labor arbitrage versus doing business here. can you tell us what that transition is? it's focused on two hot areas. automotive and artificial intelligence. >> well, i think we're doing a lot of things at the leading edge. for example, we made the
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aircraft engines lighter. we have compressed the cycle time for most of the corporations in taking decisions. we have used big data. we have used cloud. we have done a lot of things, an internet of things. of course, the most important thing that's happening right now is augmenting the human effort by what we call -- in other words, making our business much more efficient, cost effective, valuable to our customers. it is the name of the game. >> how is business in terms of strength globally. where do you see the strength? is it places like europe where you're seeing some slowdown? >> we have seen slowdown in europe, definitely, but u.s. is picking up. as far as my own company is
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concerned, we were the industry leader in 2011 in terms of revenue growth and in terms of margins. but since then, we slipped a little bit and the company wanted me to come back in 2013. i came back and double d our revenue growth. added 200 basis points to the margins. then we selected a very smart ceo who was the member of the board of s&p and i believe that the future will be better for our company. >> how significant is the political change with modi as the prime minister? >> i think it's very important because until now we had coalition governments. this time we have a government which has absolute majority in the parliament. a man of action. he has enunciated a program called digital india where he wants to bring the power of internet and broadband
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communications to the benefit of every indian. so i think it's very, very important. >> related to that question, it seems like india is more open for business. are there opportunities for companies globally or do you think the opportunity is in india for global companies to begin doing business? >> oh, i think there are opportunities outside india as well as in india. some of the largest projects that most indian software companies are doing are in india. hundreds of millions of dollars. so, therefore, i think there is opportunity in india as well as opportunity outside indias but right from day one, we -- part of globalization which is all about sourcing capital from where it is cheapest, sourcing talent from where it is best available. producing where it is most cost effective and selling where the markets are.
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that's how i define globalization and my company was based on that principle. >> what do you think the biggest challenge for u.s. companies going into india is? is it just infrastructural issues? the prime minister made an argument that one of his biggest is electricity and making sure they have the power they need to operate. >> i think those are some of the challenges. but i think given the current environment, given the current level of confidence, given the current level of optimism, i do believe that those problems will be nicked, will be solved pretty soon. so, therefore, i think india is open for business. india wants to welcome a lot of american corporations. mr. modi himself is very upbeat about it and he addressed businesspeople here and, therefore, i think this is the right time for american companies to add even more value. already we have almost every
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high-tech company there. we have gm, ford, lots of american companies there. but we need even more of them because they bruing a lot of value to the company. >> we'll see you at the party. murayana murthy number 13 on the list. mr. modi has been in office since may. the etf that tracks india has been up about 25%. is that still a trade innior vote? >> i'm no longer in it but i like it. the only reason i got out was because of the options i put on it. they already have expired by now. so the problem is, i have to wait until i see some of that again. 57% of that epi, financials, tech and talking about energy. i like those areas. i think that's the areas of growth you'd want to have exposure. >> india overall is not cheap. infosys, not bad. 16 1/2.
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the company going through a change. a vision which puts this more as an i.t. solutions company. a company i've owned an and off for ten years. one of the great companies in emerging markets. this is a great time to buy it. and the backdrop of the macro still supports that. you see him making his way on set right now. former tv legend and all around "fast money" favorite regis philbin joins us live after the break. >> look at him. >> what tech name he just bought into and how he feels about tesla. ar. that's the stupidest thing i've ever heard. they're paid vacation days. if you guys agreed to travel more we'll all do better in school. we'll have a better understanding of other cultures. i will learn to parler français. oui oui. we're not asking for much we just want one more day. "one more day" for help planning your one more day, contact mastercard concierge services
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still ahead on "fast money," candy crush maker king digital. and one trader making a bearish bet on beazer homes. we count down to a very special cnbc 25 event. regis philbin, tv legend, will tell us what big tech stock he just bought. two mobile gaming companies just reported. kate rogers with the latest.
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>> reporter: zynga reporting a one penny loss per share. bookings rose better than expected 15% to $175 million as it set this mobile gaming push in motion with new words with friends. that stock trading up near 3%. and king digital posting better than expected third quarter results driven by new games such as diamond digger saga. also a $150 million stock buyback program. that also trading up after hours. >> kate, thank you. guy, you just loaded diamond diggers on to your phone, didn't you? >> liar, pants on fire. >> farm animals. >> i love farm animals. it was good enough for me to think this has more room to the upside. every reasally has been a reasoo sell it. if you can buy it right here, you are due for a trade. >> pops and drops.
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we got a pop from olson corp. >> when you look around the world, consolidation in the beer business. i stay in the name if i'm you. >> a pop for dorian lpg. >> let's hope at the start of a v-shaped recover. they had earnings today, not particularly ehaven'tful. they talked about the story remains very much intact. people were afraid the shale story is over. it is not for this company. >> tesla, a 4% peak. >> it's always about, can they keep up. is supply there for the demand. they claim that supply is there and demand can't just keep up. i look at this as an option only. very difficult stock to trade. webmd to move 7%. >> quarter wasn't great. $60 price target on this. let's see what they do tomorrow. i think this is a no touch. you'll get a flush in this name
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more today than you buy it then. we're celebrating cnbc's 25 years on television. we decided to bring in a man who has logged more than 17,000 hours of tv time. the legend himself and "fast machine" himself, one time greenlight capital intern, regis philbin. >> happy anniversary. 25 years. >> thank you for being part of the celebration. >> i watched you right from the start. >> you said you have big news. >> i've got big news. i've gotten involved with a alibabba. >> does your wife know? >> i bought it when it was in his 80s. hit 111 today. >> what did you like about alibaba? >> i liked the name. no, i had a feeling about it and the fact it was connected with -- what is it? >> yahoo!.
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that helps, too. yahoo! went up today, too. i think i did the right thing. >> it was 34, then back to 28. regis has to be in the hundreds. >> buying baba -- there were a lot of people questioning the growth model. you were doing what a lot of people try to do, not betting with the herd. >> i took a chance. >> would you hold on or would you rather alibaba or yahoo!. >> i'm long both and i've been long both. yahoo! when it gets past or through 50 i'm out of that trade but i think alibaba goes long over time. it bobbles around. a little volatility. i think this goes to 150. >> i was thinking about yahoo!. when it goes to 50, i'm going to get out, too. >> we'll jump out of that. >> micron. you're out of it? >> yeah.
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>> did you call david einhorn and let him know you're exiting the trade? >> i haven't told him. >> is he into it? >> you're the one who got him into it. he bought because of you. he had a great run. >> einhorn, alibaba! >> right on. dying in this amazon, though. that's another one of your names. >> i can't -- >> short amazon. >> did he? >> well, i'm still there. >> clearly you missed that meeting. >> he's getting doughnuts. >> yeah, and there's something else that's -- i -- >> adami has been bullish on amazon, too. he shouldn't act disinterested here. >> let's not play the adami game yet. don to 280 when it reports, buy it then. 280 back to 310. unless you got out there --
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>> that's exactly what i did. i bought it at 280. and it went up to 310. and i bought it again at 310 and now it's back down. i'm losing my -- getting a little nervous about that one. >> tesla. do you have a tesla? >> i played with tesla. >> do you own one? >> no, i don't own the car but i bought the stock when it got real deep, real low and then it went up high. i sold it and made a lot of money. >> fast money right there. that's what we do. >> i've waited for to go that low again. >> do you think it will? >> i think tesla is headed up toward 300 bucks. had a decent day today. >> you are telling mr. regis philbin to buy? >> regis knows. he's a big boy. >> you got a haircut. >> boy, 25th anniversary. you really got spoofed up. >> yeah, baby. >> what was your first trade you
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ever made? just curious? >> oh, that goes way back. >> before cnbc existed? >> i'm just trying to think. it was something very simple, but i can't remember. >> you've been investing for a long time. because i'm having fun with it. but you guys know more than -- >> how has cnbc changed the way -- does it help you? >> absolutely. oh, absolutely. i love to hear you guys talk about it, review it, but you don't talk about what i -- >> liar. >> why don't you talk about alibaba. >> every day. >> you must appreciate everything about his story as he built up and what he's built out of that. that's the one thingior amazon trade doesn't make as much sense. you are in a company that has incredibly low margins and huge p/e compared to baba. >> how do i get out of this now? >> you sell. >> i think -- >> you have that idea it has to get back to where i bought it
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before. that's a waste of time. >> really? >> yes. >> if you think the stock is going down tomorrow, you're selling it today. doesn't matter what your average cost was. that's part of the discipline. if you're waiting for your average cost you could see it down another 10%. >> i've got more faith in amazon than that. i think it will have a rebound. >> whether they can get some margins out of this. >> we'll continue this conversation because you are going to come with us to the 25 -- >> to the party. >> of course. >> it isn't a party until regis arrives. so we'll talk about this in the car ride over cocktails. regis, always good to see you. lions gate, first solar and tekmira. we give you earnings play after this break. and check out the red carpet at the cnbc 25 gala. we're 15 minutes away from the special show. go online to cnbc.com/25 and
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watch joe and becky's red carpet live stream. ery year. that's the stupidest thing i've ever heard. they're paid vacation days. if you guys agreed to travel more we'll all do better in school. we'll have a better understanding of other cultures. i will learn to parler français. oui oui. we're not asking for much we just want one more day. "one more day" for help planning your one more day, contact mastercard concierge services or download our new app. because one more day is priceless. there is no car because there was no accident.
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let's get to the earnings playbook. lions gate rallying in the after hours session. >> they did a nice job. they've done an extraordinary job since founding this business. production tv. too expensive for me. maybe has a little more room to run. probably trades up into "hunger games" which will no doubt be enormous. i never liked it on something after it opens. after they have a big movie opening. first solar trading lower. >> ultimately this company has been disappointing on the top and bottom line. they had tax loss that helped their earnings number. the question will be whether they can go to a yield co, something that's been a driver for others. it's still a no touch. articulation of the strategy is still unknown. there are catalysts here. it's something you have to watch. >> trading higher after hours. >> the good news for us as human
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beings is ebola headlines have died don. the bad news for this stock is ebola headlines have died down. $120 million or so on their books. only about a $350 million market cap company. quarter was good. i thought it would hold 23. i was dead wrong. should trend higher off this quarter. let's get to unusual activity. we go to pete. discover financial. >> discover financial. they reported their earnings. margins weren't what others hoped. stock got hit hard from 64 down to 61. since that time the stock has been climbing back. the january 70 calls very aggressively bought. 3,000 was the largest chunk. 54 cents. people expecting this stock to move to the up side. i don't know that it gets up and through 70. certainly the trajectory of the stock has been nothing but up. still ahead, which home leading stock traders are betting will get cut in half in the next three months. plus, the top of the hour.
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a special show live from cnbc's 25th anniversary gala packed with big interviews. much more "fast" straight ahead. how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.
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home builders saw a nice pop today. one trader made a huge bet that one could lose more than 50% of its value. what is it? mike with the action. >> we saw some unusual action in beazer homes. nine times the average daily put volume and a large purchase of the january 2017 10 strike put. let's take a look at the chart. stock right now is 18 bucks. of course for these to be profitable the stock would need to decline. this chart can't even show us that. it would have to go below the $12 stock price. well below $9 for this trade to be profitable. there may be something else going on here. if we take a look at the bonds, last july these guys had really disaponenting earnings. what's interesting about this is that right now, if you hedge the stock, you are paying about 5.5%
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in case the stock goes to zero. over 2.2 years, these things, the 2021 7.5 bonds. what may be going an, someone may be hedging their bond position because they can clip those coupons and buy some of those puts. that may be what we're seeing. >> anybody like the home builder trade? >> beazer seems to be the most value laden pick of the bunch. if you look at their third quarter numbers. relatively positive. cost control we didn't see going into the last bubble time. those people are worried there's not real sustainable housing demand. i think they are wrong. >> i'm going to go with the derivatives, back to whirlpool. it keeps hitting highs. i think they continue to hit these highs. the expansion in the asian markets and north america as well. >> lumber liquidators. this stock has gotten
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obliterated. it bounced on volume for a trade ll i think you can own. >> karen. >> the home builder space is still so far below where it was. it is so far below. i look at a name like us gypsom. >> meantime, your first move tomorrow when we come right back, including a very special final trade from tv legend regis philbin when we come back.
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tigers, both of you. tigers? don't be modest. i see how you've been investing. setting long term goals. diversifying. dip! you got our attention. we did? of course. you're type e* well, i have been researching retirement strategies. well that's what type e*s do. welcome home. taking control of your retirement? e*trade gives you the tools and resources to get it right. are you type e*?
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for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. we've got an earnings alert on nvidia. pete najarian, what's the trade here? >> this graphic chipmaker, nvidia, it's tough to read. when we got the sell-off, we talked to regis earlier. opportunity. when you hit sell-offs there have been great opportunities in some of these chip names. you talked about qualcomm earlier. this name seems to be reporting the right thing. >> this is clearly, to me, you buy qualcomm.
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i'd fade this if you are lucky enough to be in this. >> i'm going to give you a final trade in the chip world. so i'm not going to give it up now. >> sounds like he's excited. >> xpi. the reaction was very good. they are hitting on all cylin r cylinders. >> all right. we should do the final trade. >> regis over here. >> want to talk about wind? apple? want to talk about stuff -- >> baba. >> i am involved in wynn. i know steve wynn for a long time. they are having trouble over there. but i think he's going to gring all back, i really do. i just spent a little time withior brother. he told me all about michael kors. a lot of stores are going to be opening in europe or next year. michael kors. >> so that's your final trade.
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>> that's right. my final trade. >> regis is a buyer of kors. >> can i ask a quick question. you've been watching this show honestly since inception. what about "fast money," what do you enjoy about the show? >> well, these two women -- >> right. they aren't bad to look at. >> you guys are cute. >> get your priorities straight. >> i think it's a well done movie -- movie? show. it really is. you guys all know what you are talking about. >> most of the time. >> for 25 years -- i think the big hit of the network. >> you're a gentleman. >> i want to take a quick check in terms of bank of america. that was the breaking story. a lot of traders here saying it's a buy on a sort of dip because they are provisioning more for potential settlement coming. >> this is not a sell on this
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accounting announcement as we've seen across the entire sector. if there's a bank you're buying, i go back to citibank or jpmorgan or into really what i think are the pure investment bankers. morgan stanley has the best-run business. >> morgan stanley. >> goldman sachs. i think it continues to make some of these new highs, morgan stanley is below those highs. that's going to test the highs. >> look at regis one more time. kors. >> dip with kors, 73. >> tim? >> i'm going to sell some disney tomorrow. what can you do for me tomorrow? i think the forth quarter will be very good but this valuation scares me a little bit. >> pete? >> foot locker. dip this week. it goes higher. >> i want to say happy anniversary to my husband. long time. in honor of the occasion, taking
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some disney off. >> qualcomm on this dip is a buy. >> we hope you'll join us later on for our special red carpet event. very special show to celebrator 25th anniversary. i'm melissa lee. we'll see you back here at 5:00 for more "fast." cnbc next 25 up next. good evening. voya is proud to be the presenting sponsor of the cnbc next list. it honors the newsmakers in business and finance from the past 25 years while recognizing the leaders and trail blazers of tomorrow. our collaboration with cnbc reflects the shared vision we have to advance education and financial literacy. we think it's important for individuals to understand and take control of their finances. this is a critical step to building stronger communities and a more secure future. many of our giving efforts are
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aimed at encouraging good savings and investing habits nearly life. we believe helping young people this way can lead to greater financial literacy and independence. boys and girls clubs of america and our pioneering voya girls inc investment challenge. voya financial's vision is to be america's retirement company. we're pleased to join cnbc in inspiring the next generation of leaders and promoting a more secure financial future for everyone. thank you for your time and hope you enjoy tonight's show. >> announcer: this is a cnbc special presentation "the next 25" live from jazz at lincoln center in new york city's columbus circle. now, here's "mad money's" jim cramer. >> business has changed immensely in the last 25 years. over the next

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