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tv   Fast Money  CNBC  November 13, 2014 5:00pm-6:01pm EST

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for first year start up in the tech world as well, we are one in ten tech companies tend to fail in the first year. >> so you guys made it. >> we have to go. >> advice don't give guidance. >> and are you going to come back on the trip next month kate and the prince? >> it's news to me they were coming. i don't know their schedule. >> james middleton, we're so glad you're here. time for "fast money". over to melissa. >> i'll take it as a compliment. this is "fast money". i'm melissa lee. twitter just wrecked. one day after analysts say the details ahead of the massive fallout. sun power sending the sector lower. we talk to the ceo of sun power first later on. first to our top story.
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oil price plan, wt iand brent falling to four year loss. halliburton in talks to buy baker hughes. those stocks are higher in the after hours session. should we be concerned at this point >> depends who you are. it's fantastic if you're driving a giant suv. that's fantastic. but actually if you're a rough neck in the middle of texas i would be concerned. with the baker hughes news that doesn't necessarily put us bottom in oil but it may put up bottom in the oil service stocks because everybody will be out there betting who is next, and they actually have diverged from oil really since the middle of october they have not hit new lows while oil has. >> we hear about consolidation and go to the other players. >> go back to quarter back in october serious quarter the stock rallied 5.5% off that quarter and then the bottom fell out in oil and all these stocks got knocked out.
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sch lumberger is down president this baker hughes deal you wonder if it gets through the justice department. i think it makes for interesting conversation about the space. if i had to pick all of them right now given what's happen, it looks interesting. >> perhaps these companies think the bottom in oil prices are in, we're close. the flip side is that perhaps they see more fall out ahead and there needs consolidation. >> that's what i think. these are obviously two very fine companies. at one point earlier in the year baker hughes and halliburton were much, much higher. the stocks came in about 30%. to me this isn't exactly a deal out of a position of strength. it looks like a position out of weakness. we're looking out at who are the next candidates. i won't chase them right now. to your point, maybe it's justice department, maybe oil keeps going much lower and these
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deals may not look great until we see a real wash out. >> think oil will go lower and the reason i think that it has nothing to do with demand. even today take a look at the price action in oil. that doesn't look like a demand issue to me. i still contend that this is all to do with guys that have been levered up and margin calls being called and you see these huge moves in oil. this has been happening for weeks and weeks where we have days suddenly we see the price of oil going lower. in regards to this baker hughes thing it does open up the international side of it. that's one thing that puts these together. economies of scale, some of this makes sense. i don't think they are looking right now, you know what this is the bottom in oil. they are using this as the opportunity. this was a stock that was trading $75 then back down near the 50 area and now it's trading up a little bit on this news, 20% off of those lows. i don't think this has anything to do with picking a bottom at
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oil. they are looking out years. >> let's bring in our energy president. opec meet cigarette coming up and increasingly we're getting more and more signs there's no production cut coming. what now >> there's some dissension among the members. saudi arabia, kuwait they want price cuts not production cuts, venezuela on the other hand does apartment production cut. i would say it's probably 50-50. with today's price action there's chatter within opec about cutting production. i think that actually we are at or near a bottom for crude oil at this point. i think it's $74, $73. what happens they stop long for expiration for these frackers that come out. weak shorts in the market. people have come in just now and gotten short. i don't see demand picking up but i do see the supply, the robust supply slowing down. >> so where are we headed then? are you saying that you would
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step in and buy ahead of opec? >> i have done that a little bit today and i would certainly buy it down to $70. i think that, you know, i'm not saying we're forming the bottom but there is a bottom close to this market right now. >> you're seeing the action. we've had the discussion on this desk, who is the seller here. is it leverage names, getting the margin call. is it big players getting out and saying, you know -- who is it. >> it's been all of the above. everybody you mentioned. the hedge funds liquidated. what i've seen in the last couple of days is guys stepping in. there was an options trade that went yesterday buying a 1,000 $80 calls. that's the expiration on monday. this is a shot they are taking. so they are expecting -- we were trading 77 yesterday. looks like a lot better trade. there's other players that are coming in here and buying these out on money calls. they are cheap right now. i think the reward is a lot
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greater to the upside than it is to the down side. there's a lot of risk to the down side. >> for the folks playing the home game who can't trade oil futures how do they play the bounce that's about to happen? >> you can buy some of the out of money calls. the $80, $85 calls. but certainly go january, february because what i have seen as a trader 20 years down there that at the beginning of the year, january, february, gasoline demand usually lists oil prices and i expect that to happen again this year. >> he's playing for a bounce. would you play for a bounce >> no. but i will say he mentioned $70. there's decent support there and at that point you're going to start to have people thinking about okay $60 range and what's that going mean and people will start hedging it and start to get ahead of the production cut. so somewhere here crude oil will be probing for a bottom. >> that's the conversation sort of revolves around this is this
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supply thing. pete believes that. liquidation thing. is it a demand thing. some combination. i think it's more demand than anything. pete thinks it's more supply and subsequent liquidation. >> in terms of net shorts diminished. >> i looked at commitment of trading report. surprisingly over the last two weeks long and short positions haven't changed by more than a couple thousand contracts. >> so you think the wash out is in? >> manage money. those positions haven't changed. some of the producers are a little more long than they were a couple of weeks ago. i don't know if that's a reflection -- they think it's getting cheaper at this point or whatever. but managed money hasn't changed at all. >> one thing i think we took away from the earnings they have addressed directly every one of these oil names. it has nothing to do with demands. demand has not fallen off at
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all. one thing about the upside call buying you said how cheap they are. what a great hedge. buy these 80 calls, sell oil and your risk is very limited to the upside. you're buying insurance to the upside to be able to sell more into this, knowing there's pain out there and there are guys out there, when you look today at 215 and see the price of oil drop a dollar in seconds that tells me a lot. >> is this something you would do? >> absolutely. i'm not doing that. i don't play around in the futures market. >> c lr, buy that one. harold hamm is in the news. he's all in. this company is completely levered to the price of oil. >> anthony thanks for stopping by. time now to hit buzz kill. twitter taken to the wood shed. today lost 6%. those losses accelerating. >> listen yesterday's price
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action was curious but a short squeeze. it was hard to find anybody out there who had a positive thing to say about twitter. so today listen i listened to a lot of that call, the analyst meeting. it was very detailed. but they laid out a lot of long term thing. investors who were short heading into it for a trade they covered. some lines were squeezing that short. at the end of the day it's basically giving back everything it made yesterday. stuck here at 40. massive support level. big support level last year. i think you'll have a stock between 35 and 45 for the next two months until we get some really important data points. i'm a buyer in the mid-30s. >> you liked it yesterday. >> off to the races. >> the price action scares me. feels like it should be $40. it looked early like i was going to be right. i thought it would change.
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now the onus is on the bulls. the onus is on the bears today. they won the onus on the bulls. >> they got to prove they have international expansion capabilities. everybody is focusing on that. when you look at the ad, the u.s. ad growth, the international ad growth those numbers were very, very impressive. so here at 40 i'm not saying it's a screaming buy but i like it down here at these levels. the volatility is high right now almost like it's an earnings event. >> coming up don't look now but blackberry has seen its best gains in over a year in an attempt to woo new business partners. we sit down with the ceo of sun power later on. stay tuned. when change is in the air you see things in a whole new way.
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shares are trading higher. courtney regan joins us. >> reporter: not a whole lot to talk about nordstrom, they posted a strong quarter. reported earnings of 73 cents per share on revenue of 3.14
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billion. nordstrom rack sales grew 3.9% in the quarter. that topping analysts expectation. gross margin coming in line with expectation. nordstrom is lowering its guidance to a range of $3.70 to $3.75 from their previous guidance of $3.80 to $3.90 but that new guidance while below wall street's consensus of 3.86 is including the impact of trump club acquisition. inventory, though, also bit concerning up 24% for the quarter. that's really lapping the 9% sales growth. nordstrom says it's largely from its rack business. the retailer is working to normalize. analysts don't seem phase on the call. back to you. >> sometimes their lower guidance is that comparable against wall street consensus because of this trunk acquisition?
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>> i think that it is. i have to admit i'm not an accounting expert. but the analysts on the calls are asking them to explain to make sure that they have their numbers correct. so it seems as if that previous 3.86 consensus was not necessarily including the full impact of the trunk club acquisition but we want to make sure we're understanding that correctly. >> thanks for that. courtney regan at headquarters. what's our trade on nordstrom. >> a monster stock. is 24% inventory growth year-over-year does it mean anything? apparently not because it's up in the after hours. the stock has bean beast, 18 times forward earnings, quarter was good, revenue good, guidance. i don't know. you have to see how it trades tomorrow. it could have one of those days where it opens on the high and then spends the rest of the day withering. >> a dream forming between hasbro and dream works. hasbro in talks to buy dream
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works. dream works jeffrey katzenberg will become ceo. >> extremely confusing because this stock actually we all know about soft bank was kicking the tires on dream work. this stock today it popped on a percentage basis but didn't get close to $30 a share. i don't know whether or not the synergy is there. i'll tell the reaction from hasbro says it all to me. people don't like this deal. otherwise hasbro wouldn't have gotten hit as hard as it is. >> it's great to be dream works. from the perspective of hasbro you want this. the stock acted like it should act. hasbro down because this is kind of what else are we going do? we need that content. even though dream works was up a lot on pullbacks you're okay buying dream works.
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>> lionsgate. it's obvious. lionsgate is a name we've talked about for a long time. the stock has gone from 26 to 35. it feels like it wants to push up. out of all these things the most beta in the bunch is mgm. >> if hasbro's reaction was better than it was i think people's reaction on the street was hey we like this, we think the synergy is there. hasbro was down significantly. look at how halliburton traded today versus baker hughes. halliburton was up on the day. >> what i'm saying i don't think dream works agrees to this necessarily. >> i don't think so. >> has to pay up and not going to happen. then what are you left with. >> next up blackberry, huge day after answering a new partnership to create a secure end to end.
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>> we're very focused on security. productivity side equation. management, scaleability. this is a platform that's going to last us for a very, very long time. we can build a lot of great, great technology on top of that. >> give us a trade update. >> he's the man. this is exactly what they should be doing. they have a huge bto bdevelopment here and that's exactly what they should be selling and twitter should take notes from john chen because he has focused this company. unfortunately for b.k. he played stock market with blackberry. he had options that expired at the end of october so i sold out of those when blackberry was just below 11 i believe. thought it would come back a bit and i have not bought it yet. i still maintain my call. >> i bet you think it will come back. >> here's the thing. >> pull back. >> this has been through four different restructuring.
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they should have done this a half a dozen years ago. so many of their systems have been ripped out of businesses, this whole bring your own device. it may be a little too little too late. it reminds me of apple, ibm enterprise thing. >> that's what they are doing is supporting -- >> think about this. a lot of these data centers they don't want to support -- so it's like all of a sudden. >> it's all great and fine and good but too late. >> i don't think so. >> we'll hear from tom werner. and how consumers and retailers could benefit from falling prices at the pump. stay tuned.
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got a news alert. ropp quarterly filings for the biggest hedge up. tr ian out with theirs. nelson pe ltz has made a move. 51% boost shares of bank of new york mellon. he has shy of $29 million shares. what's happening with pepsico he boosted his stake to 17.9 million shares an increase of 38% from the prior quarter so he's boosting his shares in pepsico. nelson pe ltz as been for a possible change in pepsico.
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notable increases in bank of new york mellon, also pepsico and notable decrease in laz ard. >> let's trade pepsi. >> i have loved this name for a long time. competition with coca-cola. that snack division along with they have expanded their footprint not justin soda market but energy drinks. that's where the growth is. when you get away from the sodas that is one of their strengths. when you look at this company everything is going right. >> everything but growth. no growth. the stock is 20 times its earnings. if peltz was not involved it wouldn't be growing. designee is involved. >> go out and buy a stock at the all time highs. >> $10 -- >> i just don't think -- i'm not cheerleading it here. it's an expensive stock. not all guys who are activists
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get done what they want done. >> shares of sunpower falling around 4% today. pulling other solar names into the red. getting weaker. solar stocks have had a rough ride in the past three months. first solar, sunpower and sun edison are all down. tom werner is with us. i want to go right to the 2015 guidance and understand what this eps reduction is. it's clear because of holdco. you are reducing. walk us through what is going on here. >> sure we guided earlier this year that we would earn say about 20 this year and said we would earn 50% more next year. if you look at our fwidance the mean, a buck ten to buck 50 you went up at a buck 35.
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go back to 25 cents, a buck 60, buck 70 and that gets you to our 50%. it's all about the holdco. the big picture we'll triple capacity in the next five years. we're doing great in china. fastest growing in the world. we'll be back. >> i want to ask you about conservative guidance because a lot of analysts are saying this should be discounted because historically your company you have given conservative guidance and you would agree with that. >> i would say we want to be the blue chip but we say we do or better, and history has proven that. to be fair, yeah. we're positioning, we make our numbers. >> in term of tripling capacity on the upstream having plans for fab four, fab five now is that also a conservative view on where the industry is going and the capacity needs you have? bringing that conservatism to your build snout >> it's hard to say it's conservative we'll build, announce the build of another
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fab while we're building the next one. and we're going to expand a whole new technology called concentrator technology. so, you know, be hard to be more aggressive. now we're very bullish. i mean i think the macro environment is phenomenally good. sure if you look forward, would i expect it to being a greater than what we expect, probably. it's hard to build two facts simultaneously much less three. >> in terms of holdco that's one step of the process towards yieldco. can you offer us the steps as to when you might give that decision whether first half of the year or second half of the year and what are the driver in that decision. >> we've done our homework for yieldco. we're 90% through thinking. the key is are there better option. what's a better option. there's overhead, it has an ipo. that costs money. it may not always be a great trading vehicle. the question is in the near term
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is it worth the expense versus all the yieldcos lining up to buy our product. it's all about, is it worth it? is it worth it in the long run? great position to be in. >> you already calculated what a potential dividend yield for yieldco could be. what sort of assets would be because you're switching from geographic segment jays to a business line segmentation 2015. >> to be fair that's why yieldco works so well for sunpower because we have the core blue chip assets with investment grade rating, like a project called kito. we can add commercial assets with great companies like macy's or target or walmart. and then we can add residential which is fast growth and gives you that more predictable diversification and predictable dividend growth. portfolio assets we have works
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good with yieldco. >> first half or second half. >> first half. >> you recently announced the acquisition of solar bridge which is a microinverter company and it's shocking what that could allow you to do in term of the way visually panels are on houses, not having stuff hanging off the side of a building, attaching this thing that converts dc to ac, that's gone. in terms of manufacturing process, what sort of competitive advantage will this give you in terms of margins. will margins be better also. and by how much? >> well the margins will kpant because we eliminate stack margins. the real story is what we're going to enable in the future. we've gone from making solar panel, solar systems to selling solar electricity in the future, solving energy for the consumer of energy. giving them more options, giving them freedom. so today you have no choice. you just write a check.
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when we add storage, we add microinverter, now we free up the consumer will have so much more control of their energy bill. so it's a diversification play for us and more revenue for every sale in the future. >> we're watching the decline in oil and people like to make the extrapolation there's a relationship between solar and oil at least in the united states it's a f allacy. oil and solar is trading in lock step. what impact is there even if it's in the middle east because that's where they generate electricity with diesel. is there an incremental impact on you. >> no. that's why i don't get excited about the short term trading it doesn't make any sense. you have to see oil going half and still make sense in the middle east to go solar. the sensitivity to oil is
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diminimus. the correlation shouldn't be there. >> tom thanks for stopping by. >> thank you very much. >> tom werner. what's our trade? >> look at the stock. at $25 that has been support that is your pivot point. in the long run i love this space. mentioned china, that's your growth and actually that has nothing to do with oil. or energy prices. it has everything to do with pollution. they need to change that there and solar is the solution to that. if you use 25 as your stock and it happens to break through there i would be a buyer again probably i would look at it $16 if it happened to get there. >> it's not expensive stock on valuation. you would think it's more. huge short interest in the name. regardless of whether or not it makes sense this stock does trade with the prifs crude. so if you think you'll see a bounce you can get beta in these solar names. >> still ahead prices at the
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pump hovering near four year loss. a look at the retailers that stand the benefit the most. apple heading a new all time high. whether the tech titan's big run is getting a little topee. (trader vo) i search. i research. i dig. and dig some more. because, for me, the challenge of the search... is almost as exciting as the thrill of the find. (announcer) at scottrade, we share your passion for trading. that's why we rebuilt scottrade elite from the ground up - including a proprietary momentum indicator that makes researching sectors and industries even easier. because at scottrade, our passion is to power yours.
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ahead on "fast money" the lowest level for oil in four years. why that could mean an extra 60 bucks forward your holiday shopping budget. the one major problem in the markets that no one is paying attention to. we have the chart you need to see. later a rough buy for amazon since alibaba went public. crude oil tumbling to the lowest level since 2010. the slide in oil could be a big boost for holiday shoppers. which retailer could benefit the most. liz, could to see you. how much could this mean in the pockets of consumers. >> $300 to $500 on an annual basis. if you look at just the fourth quarter 50 to 60 bucks which seems not a lot. when you think about the average consumer having a household budget of $800 it could be quite
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meaningful. >> 7%, 8% increase in holiday budget. >> absolutely. i think that what we haven't seen so far is the consumer reacting to lower gas prices but although the consumer is on a tight budget they don't budget. they realize when there's a little bit of extra money in the bank and at the holiday it's perfect time for them to use those dollars. >> they are not buying michael kors bags. which retailers see the most. >> the low end benefits the most. we're talking mass channel, walmart, target, also the dollar stores. also outlet centers because people do tend to drive to those centers quite a distance so the gas prices matter. >> high end. tiffany all time high, 21 times forward earnings. they report the 25th. it will be a good quarter. what do you think? >> i like tiffany quite a bit. in addition to gross margin kind of tail winds they also have
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strong product pipeline. this tea collection really seems to be a hit with quite a broad group of consumers. they are seeing improvement in their a shay business. >> you mentioned the lower end and how about walmart. the neighborhood markets was one of the really bright spots for them when they reported, right? that helped push the stock up higher. is there something now about walmart. too topee or something you can get into? >> people are coming out as a wait and see and i agree. it's one quarter but it is the first positive comp in seven quarters. something to take northeast and particularly given it's the largest brick-and-mortar retailer in america it's meaningful. but it's kind of too early to tell whether or not this is an actual turn for their business. but i would certainly encourage the fact that the brick-and-mortar stores was positive, not just e commerce but e commerce was fantastic. >> last question. any retails for which it will be make-or-break for real this
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holiday season? >> the teen sector certainly has some stocks like that. aereopostle and some others. american apparel. there are certainly quite a few retailers that are in difficult financial situations. i think aereopostle looks to be the make-or-break quarter for them. >> liz dunn. >> ahead of earnings tiffany it seems expensive but pete made a point of pepsi being expensive at $10. same with tiffany. i think the quarter will surprise people. valuation seems rich. the stock can go higher. >> walmart is one you don't chase. listen -- >> i love it.
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>> it went from 73 to 83. we highlighted to 82 and 1/2. more bought. people see the upside. that doesn't mean it's going higher. >> it's going higher. >> go ahead. >> target is going higher. foot lock certificate going higher. as liz just mentioned to us gas price is number one and as she said the lower end that means far more to the lower end. that speaks to the targets and walmarts of the world. i don't disagree with guy with regard to the higher end. lower end speaks right to them. >> we have a pop. >> this is one, a big lock up expiration that was supposed to happen. stock was getting slammed. had a disappointing quarter. it's a bit of a short squeeze. i would not chase it. huge move here. there's some good things moving on. these guys are a one trick pony. candy crush sort of situation. >> this is an interesting drop.
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alibaba down 3%. >> after making an all time high of 120. i think it's a lot of noise. but the price action is worth noting. what's more interesting to me and pete has been anthony is the fact that yahoo! closed young changed despite that babawas down 3%. the fact that yahoo! stuck in means something to me. >> sandisk is up. >> they got a positive mention from goldman sachs. it's in no man's land. i would take my profits i guess and just see how this plays out. >> g ile ad down 3%. >> one is the pricing of their drug. the fact that the president and ceo sold some stock. that stock was not a sell based upon the price that was something that was put out there into the future and actually sold. still has nearly a million
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shares. i like this company. i think the selloff is a great opportunity to buy. >> now it's time for our chart of the day. dan spotted serious weakness in the european bank. >> pete and i breathe the same air but live on a different investment planet. i don't believe the smartest people are buying the calls on walmart. they are looking at the weakness in european banks. i don't believe we can decouple from the weakness going on there. when you look at the largest bank they are woefully uncapitalized. something is going on here. let me just tell you people when you look at russia and think about some of the headlines that people are not paying attention to in the ukraine. we're going to have more sanctions, we'll see more eurozone weakness and as long as those banks can rally there's something evil lurking out there. >> something evil is depression with a big d. if europe doesn't do massive
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quantitative easing they will end up in a depressionary spot particularly if there's more sanctions to russia. you short ewg, ewq, france is a disaster. short the uk. >> i think we're going to go to don. >> reporter: here's what we got. statements for dow chemical company. dow chemical has responded to third point in a press release dow chemical is saying that the company fundamentally disagrees with the position outlined by third point in its statement and website. the statements contained there in lack a fundamental understanding of the company and approach by an activist investor that has little interest in anything that benefits many long term shareholders in dow. they say the board and management team are aggressively
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pursuing the best interest of all shareholders managing the business for short and long term. nothing takes priority over focusing on trunk business and driving sustainable long term value. some of the typical stuff you hear from a company responding to an activist investor downgrade same they disagree with dan loeb. >> doesn't matter if dan loeb is in or not. >> him being there shakes things up a little bit and i think the fact that you got an activist in there. we've seen it time and time where these activists can get these boards to make decision. we haven't seen it in coca-cola or others or in dow and they don't agree with that. but because he's there i think this stock has definitely a put underneath it right now. >> doesn't it worry you right now dow chemical isn't hitting new highs. oil is at lows. this company should do well.
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activist investor dan loeb in there. global economy some people don't think are slowing. some do. >> oil is down not because of demand. >> this company should be killing it right now. >> look at many of the chemical companies and dan loeb has a points. when you look at dupont there are highs. multiple different chemical companies outtrading dow. dow happens to be lagging and maybe that's a good point for dan loeb. >> amazon shares down 25% so far this year could the tide see a turn. apple soaring to all time highs today. do some option traders see more upside ahead. i feel like he's always watching us. yes, that is why we should use wink. ...look, it can monitor and manage our house but it won't start to develop human emotions. hey buddy.
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power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable. welcome back to "fast money". we're watching shares of we ibo. the stock is moving higher after it reported better than expected third quarter sales. it lost a penny a share in terms of earning. it's revenue guidance is better than what wall street analysts expected. weibo is up 4%. s in ais a different story.
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fourth quarter revenue projections came in below wall street forecast. those shares down 3%. a couple of chinese internets to keep an eye on. >> the new and old. sina and weibo. it has very little to do. sina lost have of its market cap. this is all about alibaba. they sucked the air out of the chinese internet space. $285 billion has gone into alibaba. the rest of these guys, they are like rounding errors. you better know the companies if you invest in these guys. sina can't get out of its own way. doesn't alibaba have a stake in weibo. >> chortle is an actual word. >> we've been saying it in the
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day. we were calling them chortles. >> 2002. go back and look at these charts. >> fine. apple. >> apple 1.4 million contracts today. 1 million plus on the call side. the monthlies. 115 extremely active. double the open interest. they traded over 60,000 on the day. 116s stood out as well because you're looking up $3 above where the stock was. 9,000 traded on the day. buyers expect this stock to go higher. >> next up options traders are placing their bets on amazon. dan has the "options action" right after this. wealth management firms in the country... for a team of financial professionals who provide customized solutions... for all of your wealth management and retirement goals, discover how pnc wealth management can help you achieve.
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amazon shares down from their all time high in january. it could be a long climb back to the top. dan. >> long climb over a long period of time. today cal volume ran 1.5 times average volume. one trade caught my eye. january 2017 expiration. somebody bought 7,000 of the
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january calls. basically what this trader is doing, i suspect they are basically replacing a long stock position with calls. defining their risk to $72. think about it. break even is up 17.5% at 372. when you go over and look at the chart here, this is a stock that's obviously had a ton of earnings gaps on disappointments, and this most recent one right here and that's the one year. let's look at over a five year period and you think about it. this is the break even. this is one way to look out a very long period of time, define your risk and have a long term play. so to me this is not a great strategy for retail investors but i think it makes sense for those who are basically looking to add volatility to their portfolio. it has potential to be very volatile. >> thanks. for more options action check out our live show tomorrow at 5:30. charity honoring veterans holding a special event this
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weekend. jimmy's run down will raise money in new york city to help families of fallen army rangers. the chairman and ceo of lead the way fund is here. look forward to seeing you every year. this is your seventh event. what your expecting the turn out to be. >> we should be tapping right around 1,000 folks to go out and run. broken into two parts. jimmy's run to celebrate jimmy's life and other army rangers that have been killed in action. it starts off at pier 46, which is over by charles street. get there around 9:30. after the run we go up to the lighthouse. we have a brunch. on 23rd and west side highway. bacon and we'll provide two beautiful portraits to two families that lost their sign combat. >> wow. >> we have a really nice patriotic midday celebration. after that we have a few beers and celebrate jimmy's life
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because that's what he would want. we're an active duty casualty assistance and recovery organization. we fill the gaps that the government doesn't take care of. there's a lot of gray area especially with the situation with the va. we work with an organization called care organization. they act as a liaison for our rangers and families. anything that they need for army rangers for the families as well for the recovery and for the first time we purchase ad home with another organization for cory remsberg and he was a severely wounded raininger wounded in 2009. he was mentioned in president obama's state of the union address, remember that gentleman. we've been taking care of cory since 2009. we go a long way. we get the moneys to these guys and their families. with another organization we purchased a home in phoenix, arizona, being remodeled right now.
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seven years jimmy has been gone almost eight years come february and we've accomplished an awful lot of good things. >> a lot of good working done. >> we appreciate your support. >> and you're running in it? >> it's a great cause. 4 1/2 mile run. >> yes it is. >> down manhattan. veterans day this week is a fantastic way to get out and say thank to you these guys that are putting their life on the line for us and we have a lot of fun and it's because these guys are out there protecting us. thank you. >> thanks. >> for the service. come on down and join it. >> amazing. >> thanks again. thanks for your support. got to get guy to run. >> love that. we'll be right back. stay tuned. tdd# 1-800-345-2550 [ male announcer ] your love for trading never stops,
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time for the final trade. pete? >> thursday night football game somebody asked me on twitter what do i think? miami dolphins will crush. >> microsoft. new high today it's going higher. >> i want to talk about the hockey game that's coming up. just kidding. short jjc, copper one commodity
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that has held up. >> dan. >> qualcomm. long calls. >> sch lumberger. buy the stock. >> i'm melissa lee. thanks for watching. more >> 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 friendings. i'm trying to save you money. my job is not just to entertain you but put it in context. @jim cramer.

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