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tv   Fast Money  CNBC  January 21, 2015 5:00pm-6:01pm EST

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these massive touring bands. >> oh, yeah, we see the pay off now. guys thank you for being here. coming down to the new york stock exchange. good luck with the rest of it. we'll be following along for sure. past money is coming up in a few minutes. another crue awaits. >> i got my own every night five days a week. amazon getting upgraded and we'll start right now. live from the nasdaq market site overlooking new york city times square, i'm melissa lee. ebay american express sandisk all out with earnings. plus the details on ebay's agreement with carl icahn but tonight's first story, reversal of fortune trades. stocks seeing a change in the new year like netflix, amazon and ebay. let's kick it off with netflix. the stock was down 25% in the last three months of 2014. today it closed up 17% on the back of earns. guy adami yesterday night you
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said 405. you would sell against that level. >> basically almost three or four times normal volume to date. i thought the quarter was pretty good. i think it was good enough to get it here. is it good enough to take it to the next level i don't think it was that good. it was good enough to get it to this level. it's easy to play monday morning quarterback but you have to get ahead of these things. you don't want to rule the day you didn't take advantage of this move. >> maybe just maybe it sets up for a nice trade as we are ramping up as netflix is rampling up in 2015. >> we talked about contact and international growth. the international growth stuck out for all of us. that number did beat significantly. those were about what everybody expected. but the numbers in the international markets is what crushed it and they talked about they see 200 countries by the
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end of 2016, that's really impressive. if they're able to keep on that sort of a trajectory the stock is going to 500. >> one thing i will say is mark cuban, friend of the show was spot on on this, even 420 that's where i start to fade this. >> 420 you said. >> that's the august basing level we broke down. i would expect to see it right there. i wouldn't get out and start buying netflix. i give it a week or so and see how this settles in. >> what do you make of the netflix and the volatility we have seen. the last six months or so are off the charts. >> valuation is something i can't get comfortable with. as a customer i love the product. it's fantastic.
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how much of an effort do you think covering has. >> i think it's just folks that wanted to chase this up to the upside. folks felt like i missed it at 300, i missed it at 370 continued the chase up and the $400 level, everybody talked about various levels. let's call it 405, 400, somewhere in there. that was critical and i think that's why all day long the range 401 to 411 is where it seemed to hold the entire day. didn't break underneath 400. that was interesting i thought. >> let's move to ebay. split into two companies this year. just releasing the earnings after the bell. weaker than expected guidance and shares are trading higher on the news that the group will get off the board. it's all about the break up at this point. what did you make of the quarter. >> if you can investing in ebay
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they're looking around the next three quarters, if it was going to be a great quarter they wouldn't be breaking up the company. it's the paypal metrics. the marketplace isn't struggling. it delivered struggled results but the paypal ones are great. they continue to add active users, 4.6 million. user growth of 13%. that's why you see the stock up after hours. >> >> based on this quarter does that hold up? >> yes. absolutely. in fact there were no major surprises in the metrics that we got. the quarter was really a push. the big news is the work force reduction of 7%. that's going to free up some more cash flow for the businesses and then of course
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the governance for paypal and paypal charter. it allows it to be a potential acquisition target. >> what happens to ebay if they spit out whatever portion of this paypal. we're saying this move is all paypal. what happens to ebay the company? >> it's going to be a very interesting trade. we have to get to the second half. clearly the investor appetite is for the paypal piece. that may create it is because the reason ebay is suffering so much is because the google results have buried certain ebay results and that's just hurting hair traffic and it would be ironic if the marketplace business becomes a depressed asset. it itself may become a target for someone. >> hold on. we want to talk to you about amazon but trade ebay first. is there a reason in your view to continue to own ebay for the
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marketplace business. >> yeah, yeah and one of the things i would say, the one thing that collin didn't just talk about right there is that the new active users for marketplace that number was up as well. it's all about metrics and he can break it down better than i can. i don't think it's a dead business andalling business. internationally it's slower than the u.s. but that's an area they could grow out. >> would you want to own it? >> an electronic garage sale? not for ebay. it's a paypal spin off. it's traded between 50 and 57.5. for me i'd rather on a bad guy when it gets closer to 50 i'd rather be at that level and get a good risk-reward ratio. >> i think the electronic garage sale business is an interesting
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business. >> it's up 22% for the year. there's something to be said about the marketplace. we all know about the paypal piece. >> could marketplace be up for sale. >> well that was the point i was eluding to. it may become a target. if you have a company such as google, they can't really acquire anything in their space just because of regulatory restrictions but they could acquire a company like marketplace. so once the split happens the marketplace side may become more attractive, right? because everyone is going to be rushing in to paypal. we know that. let's see what shakes out on the marketplace side. >> let's talk amazon here. trading higher by nearly 3%. you just upgraded a stock and this happens and the stock moves. what triggered it at this point?
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mid afternoon upgrade. >> i've long been skeptical on amazon although i'm an active user myself. it's a great service. short-term we're looking at a rebound in the north american section. the revolution with the book publisher should help in that regard and then longer term i like what they're doing in terms of building an entire ecosystem. building a complete platform and the growth should help drive margins because you don't have the shipping barrier. >> you know i love you to death and the fact that you're doing this ahead of earnings with amazon, that's fantastic. we bounce off this 285 level a number of times but your price target, 345, if you feel that stro strongly it seems tepid to me. >> we were there in november i'll give you that. you look at the last four
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quarters when this company had printed results. it's traded down on earnings at least 8% because this on going investment cycle and to be able to call where the bottom is in the invest ment cycle is difficult because amazon continues to find ways to spend money. we're playing for profitability. there's so much leverage that could come off the top line if they tap down their spending a bit. >> collin, thank you. appreciate it: let's talk about amazon. if they just tamp down their spending is there any evidence amazon was going to tamp down their spending. >> exactly. >> that would be the one question for collin is what makes him think they might do that? we haven't seen any evidence so far. so for that reason this is a trading vehicle at times but overall how can we say they're not going to continue doing what they have been doing for so many years. >> at $300 it has to already
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reflect some optimism that at some point they do tamp down the spending. this is sky high. so i feel like that's already priced in and if you don't get that, and history showed that you don't get that because i don't know that he cares where his stock trades are. he really may want to change the way retail is done in the world. >> right. >> and okay that may be. >> quickly back to ebay if i may, it's not a great comparison but ebay reminds me of yahoo! when it was 18 and 19 and people were discounting yahoo!'s business. alibaba was the big 800 pound gorilla and you saw what happened to yahoo!'s stock. to pete's point he might be underestimating ebay the stem, however you want to phrase it and here's a stock that might surprise people to the upside just like yahoo! did 18 months ago. >> i think it's all about does ebay become distracted and what level is that? would i buy it here?
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absolutely not. now if you stop to break through 50 on ebay stock then i'm going to start to get interested because there's some value at some point. >> if you're trading higher after hours. court has the details. >> that's right. let's look at sandisk. it's the data storage products maker. slightly beating forecasts and announcing a $2.5 billion buy back. if you recall last week the company cut it's fourth quarter revenue outlook with weaker than expected sales of retail products and flash drives. you can see there now in the after hours it's actually up slightly. back to you. >> thank you courtney reagan. what do we make of that one? all the bad news is out already. >> they actually delivered exactly what they said they were going to deliver. >> earlier this month. >> when you look at the numbers and you look at the flash drive
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world and the competitions going on there. those are talking about memory and those equipment makers that are out there. you look at applied materials and this name, it says something about these chips. >> not to give away to ghost here. when you flush it down the 13th of january, pretty huge value. we traded exactly where we traded down to in may. a bit of a nice bottom. i like the way it's trading now. it goes a lot higher from here. >> we have more coming up including one retail name that karen is in. and jpmorgan's jamie diamond. what he really thinks about the federal reserve after the break. stay tuned.
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breaking news on american express. they need to cut 4,000 jobs over this year. the company reporting 4th quarter results earlier. beating the streak on the top and bottom line. a 6% increase in card member spending during the 4th quarter and u.s. loans ticked up 7% for
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the beat on the bottom line. earnings did take a hit given the dollar strength and increase for reserves on future losses. revenue 9.1 billion. the proceeds going to cover the costs of the restructuring among other initiatives. back to you melissa. >> what is the trade or the read through to some of the other payment companies. >> i don't know if there's a read through. i have been a mastercard visa person. i think they're entirely different companies. this quarter is fine. it wasn't exactly the revenue beat it seemed like when you first looked at it but the quarter was fine the report stock trades off and a week later it's back to where it was. that's the type of situation we're setting up for now. >> it's off a little bit but this is a premiere company. it's a great brand name. it's not expensive.
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not cheap either. >> is anybody concerned they're laying off 4,000 people? ebay is laying off 7% after their work force. nobody seems to have a problem with that? according to this, 62,800 employees. maybe 4,000 is a nice headline number but i don't know any practice. >> it's 7% of their work force, right? >> yeah, so you're talking on a macro basis. >> i think it's fine. 6% growth in their card member spending. it's affluent individuals doing it. the stock market is doing well. that read through is okay. i don't think you read through to the walmart customer clearly. but when you start to piece these together you're seeing a lot of job losses out there and it's something to watch. concerns me. that's all. >> jamie dimon sitting down for a rare interview with becky quick during squawk alley at the
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world economic forum. take a listen. >> one of the things that people worry about is interest rates and qe. it will be volatile and painful and give you a lot of things to talk about but it won't matter that much. >> negative interest rates in europe -- >> europe is a little different. in america all that qe reduced short rates and long rates and i think it did help mortgages and assets. in europe rates are low. the mechanism by which monetary policy might be transferred may be currency. and i think mario draghi has done a great job. i hope it works. it shouldn't mask structural reform. >> goldman sachs came out with a report suggesting jp morgan
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would be worth more broken up than together. you made the argument that that's not the case. when you first saw it did you call lloyd? >> i don't think lloyd was involved in the report. he's quite a good analyst. we have to hold more capital. that's a good question to raise and our margins are good. our returns are good and the other thing you should keep in mind about pes, they're temporary and a lot of my directors mentioned to me that some of their companies were under some pressure break up and thank god they didn't because we will be in the next storm and we serve governments and certain companies in 20 companies. 30 countries, 40 countries. we move 6 to $10 trillion a day. you don't want to reach jpmorgan
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so i would argue the diverse fireworks ka makes us stronger not weaker. >> i think if he thinks it's worth more together. i don't see that happening unless they force him to have that happen. i think the stock here was ridiculously cheap. i thought that for awhile. this pe already reflects a lot of tough things. the flat yield curve, the difficult regulatory environment. the lumpy trading business. it's already reflected in here. and you have almost a 3% yield. we were talking about it when it sold off the other day. i like it here and we did call spreads and now we're going to buy back the higher end of those spreads as the volatility has come down. i like it here. >> i'm doing the same things. i own the stock. have call spreads in here as well. i think this stock is going to be going higher.
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it was an interesting day hearing harold fords take and he said how washington is fixated on going after these banks. that's what we were wearing from jamie diomon as well. the businesses themselves are doing well. yeah it's lumpy. >> if that's the biggest issue what makes you think that's going to ease up. >> i keep thinking that the numbers, they have come down each and every time. they were large. they have a billion number attached to them almost every time but that just continues to come down and maybe there will be something done when congress gets together to actually start getting this attacked the right way. >> the only thing i would say is that the way that they are regulated now is they're essentially utilities and jamie dimon spoke to that. you need us to be there. it's one times book and it looks
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devaled. >> he's wearing his morgan stanley hat though. it traded down to what we traded down to october. bounced off that low. a little bit of a double bottom. it has been making them prior. so i'm in that camp right now. >> coming up next what do tesla, william and richard bransen have in common? a look at the highest yielding stocks and why chasing the highest dividend players may not be your best bet. stay tuned. be tough. es can
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welcome back to fast money. we have news here for you from dow jones saying that endo
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international will be the stock to replace covidien. this change will happen after the close on january 26th. endo international joining the s&p 500 after the close on january 26th. melissa back to you. >> courtney, thank you. big day for whole foods kicking off our stop trades after they upgraded the stocks. >> check this out. it was octoberish and the stock they reported and they flushed the thing down to 38. >> this guy bout. >> bought it on air and everybody hated it and pete just said it, now everybody has fallen in love with it. but these guys report beginning of february this move is a 50% retracement of the high we saw late 2013.
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you wait until earnings and see what happens. >> you guys both bought on that earnings report. we were just talking about that. this run has been spectacular. here it is over $50 a share. everybody seems to love it. they're putting targets 55 or $60 on it. >> i bought it somewhere in the 30s and sold it about 40. it was still a good trade and thoshe type of trades you have to make when things are getting flushed out. i would wait until low 40s to take a look at this. >> i like whole foods actually. we didn't buy it at the bottom. bought it in the low 40s. i actually think they have their mojo back and there's still growth ahead of them. >> is the growth enough though to play into the valuation that it is now? i think -- >> i think it is. $10 ago the math was much easier but i like it here. we'll see. we'll hope. >> next up tesla solid day of
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gains on the stock but the real news coming out of the world economic forum in davos. teaming up to bring you face to face with influential leaders and thinkers. we sat down and found out they had a lot in common except for tesla. >> would you ever buy a tesla. >> i have two. >> you have two? >> yeah, the roadster and the x. >> i like teslas. >> i live on an island so i walk barefoot everywhere so i don't have to have a car. >> that's a lot of fun. in terms of the trade though. upper 80s i'm sure. came out extremely positive and still thinks they're going.
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he does love the teslas. you'll go to youtube and see him driving around telsas on all kinds of different videos. >> he's on the forefront of technological innovation. >> why are you raising your hand? yes you may speak. >> i really don't know who that is. >> black eyed peas. >> the man in the video. >> if you search tivo i'm sure there's a video of him. >> black eyes peas. that's my favorite group. i love those guys. >> fergie, does that ring a bell at all. >> she did all the weight watchers commercials. >> be sure to check out the rest of the interview. head to our facebook page. we'll be sitting down with sheryl sandberg and melinda gates. handbags are higher today. results coming in strong. strong enough actually to raise the rating on michael kors.
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karen. >> i think we were just talking about whole foods having sold off. michael kors is ahead of it and you're not paying much for that at all. i like it. we bought it. right around here up a buck today you can chase it here. >> what was not funny but interesting in that report is he did a handbag survey in terms of the topper forming brands. number one was michael kors. commanding lead. second was kate spade and then tied with kate spade was this handbag company that is a privately held handbag company but this goes to the point that the competition may not necessarily be the ones talking about in terms of stock trades. it can exist elsewhere that
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could be eroding. coach had a nice day. they're turning back on some of the names beaten so far now. >> macy's in that retail loop as well. stocks have gotten beaten down. the move we saw is the move we saw in the fall as well. next one to the upside. that's what we're in the midst of right now. >> i thought you were going to start talking about cross bodies. >> i was wondering what kind of handbag he had. >> i will tell you -- public service announcer, judith makes nice bags. check out her work. >> it's disturbing how much you know about handbags. we'll look at some of the 13
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activists funds and top picks fo 2015 and whether you should get in too. straight ahead. sound good? great. because you're not you, you're a whole airline... and it's not a ticket you're upgrading, it's your entire operations, from domestic to international... which means you need help from a whole team of advisors. from workforce strategies to tech solutions and a thousand other things. so you call pwc. the right people to get the extraordinary done. ♪
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>> executives taught me about that marketplace business. q4 was disappointing. he said we need to execute better and laid out for analysts how ebay exactly intends to do that. >> improve traffic and conversion. second delivers strong product experiences to engage our target customers and third manage our cost structure to help fund investments that reengage ebay buyers. we're also sharpening our strategy with greater focus on the core consumer segment where we believe ebay can win. >> having said that he quickly cautioned that 2015 would be in his words challenging. ebay's cfo thought it tougher saying it will get worse talking about the marketplace's business before it gets better.
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thank you to you. >> thank you so much. this seems like confirmation that the reason to own ebay is for the paypal business. not yet at least. >> there's no doubt that paypal is the golden child. but i think that area is something with value to it as well. >> i still think you wait for $50 as well. the company is telling you things are not going well there. >> i don't know if you're going to get it. you had that after they reported 51.5. i saw it printing and you saw it snap back pretty quick. i'm not saying you have to chase it but the stock works it's way higher. >> the activist investor our friend of the show will be on halftime report tomorrow to discuss ebay and all sorts of other things. of course he's been tied in the whatever, twittersphere.
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>> big twitter guy. >> you're never too old to learn something new. >> and. >> i'm embracing that myself. big movers of the day. >> this is a stock that actually hit 52 week highs today as well. if you look at what they're executing on, the roll out continues to accelerate. october, november, december. ties in with the iphone. the stock is going higher. >> big drop for arna farmer. >> i think it was 5 bucks. you need this stock to recapture it before you think about buying it. >> mobileeye at 4%. >> positive comments from morgan stanley took. they talked a little bit about it today. i like mobileeye right here. >> up 2%. >> this is the old well points. the whole space was up today. united health had good earnings. i wouldn't take it right here.
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>> right now more than 1/3 of the s&p 500 stocks yields more than a 30 year treasury note. 1-half of the s&p 500 stocks yield more than the tenure. just because a stock has a high yield doesn't mean it's a good-bgoo gogoo good buy. good to see you. >> good to be here. >> stock prices go down and dividend yields go up. stocks might go down for a very good reason meaning the business is in trouble. >> look at the five highest yielding stocks for the energy sector stocks that are down 35 to 70% so just looking at extreme yields that's not what you want to do as an investor or trader. you want to look at above average yields and raise the dividend yields. so if you go back over the last ten years and you find companies that raised dividends even during the financial crisis, that says something that even through the worst of times they were able to increase their pay
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outs and for the market overall when you see the s&p yield more than the -- the s&p yield more than the ten year treasury going back to 62 when the data goes back on the ten year it only happened three other times. one was in june 1962. one was in late 2008 and the third time was in august of 2011. if you look back in the following year it was phenomenal going forward. up every time ranging between 25 and up. it was near the end of the bare market in equities. still have a higher dividend yield than the ten year treasury. while we wouldn't expect to see those gains going forward it shows the relative attractiveness. >> the markets based on this data dividend yield comparisons and it's fallen to the category
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of high yields and also buy ups. >> we have three of the stocks that fit this criteria. it's best buy. raised their dividend in each of the last ten years and as we go out to 4g tvs best buy is a good play on that. the second is pepsi. it has a lot less baggage than coke and it's more diversified and it has other areas and it's less reliant on international sources for revenue. that bodes well for the stock. it's less than 2.5% yield but they have consistently raised it and that's going to help drive out performance and finally the last name is sysco but this is a company you should focus on. they bought u.s. foods at the end of 2013. that merger and benefits should
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be coming through and as you have the u.s. consumer in a better footing that's a good play on -- they supply all the restaurants out there so americans going out to eat more. cooking less at home, that's going to benefit sysco. >> all are leveraged to the consumer. is that a consequence or generally what happens in this period. >> you don't want to be a pig with yield. you want to look at stocks that consistently raise it but have other factors working. these are just three names that have a lot of exposure to the u.s. consumer. some more so than others but all have more than half the revenues coming in the u.s. >> thanks. >> which one would you pick? >> sis coe. of all three of those. you have to go through life eating but we talked about lower gas prices and companies like applebee's doing well because of lower gas prices. for me that's the pick of them
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all. >> coming up next from icon to akron, activist has been a winning strategy. the top plays from 2015 from the only bond with pure activism exposure after the break. are ready? intmenh [girl] can it tell the doctor how long i have to wear this thing? [man] can it tell the flight attendant to please not wake me this time? the answer is yes, it can. so, the question your customers are really asking is, can your business deliver?
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welcome back to fast money. we have an update on the company's conference call. while all revenue will be challenged in the first half of the year we expect return to solid growth in the 2nd half of the year. shares reversed course and are trading down by about 7%. sandisk is seeing first quarter revenue between 1.4 and $1.45 billion. they had been expecting revenue at $1.6 billion. furthermore, full year revenue for 2015 between 6.5 and $6.8 billion far below the estimate of $7.23 billion. again, sandisk shares now reversing course and trading lower off of comments and revenue outlook and full year on the conference call. back to you. >> thank you for that update. quite a reversal or fortune. we're also seeing micron take a dip.
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>> let me fast fire myself. >> preemptively. >> you were about to fast fire me. >> so my problem with this is they didn't know this a week ago? literally a week or 8 day, whatever it is? my sense is they could have said exactly what they just said now on the 13th. so now you're getting into a whole sort of credibility issue. >> credibility issue. >> but i'm not trying to sugar coat this but they should have said what they just said now 8 days ago. my opinion. >> i agree. strong run for activist investors. the deactivist fund whioutspace for the third straight year. let's bring in the founder and principle of the 13d monitor. >> glad to be back. >> whose strategies in general did the best for your fund. >> well, we don't blindly follow the activists. we look at the situation and who
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the activist is and what his track record is in a specific sector. what strategy he's trying to employ and who the shareholder base is and whether they're going to support him. carl icon does well. bill had a great year. corvex does great. there's about 10 or 12 that we follow. all of them doing very well. >> in terms of campaigns that you're trading along with in 2015, which ones are you most excited about? optimistic about? >> juniper is one. they do great in technology. they have a great technology pm that does great activist and technology. that's a situation where elliott won the war in a sense. they fathered 13d in january. two broad seats in february. new ceo on november. a couple of board seats in a month they'll either have more board seats or there will be a proxy fight. they're turning 3 billion of
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cash to stockholders. so that's something where the fruits of their labor will pay off in 2015. >> do you ever not vote with an activist? you get involved because they're looking to make something happen but then not vote with them? >> no, we support the activist. we're going to vote for what we think is the best for the company. generally we're in it because we're supporting the activists, the investors and our fund expect us to be supporting the activist. if we're not going to support an activist we wouldn't be it in to begin with. >> it's spin off from pfizer. still bloated cost structure. i think -- it's a stable company. much like apd was. a stable company with a little bit of activism to be done. that's what bill is doing there. and certainly cut cost at some point. >> 13d monitor. do you how treat this? he makes a good point.
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you can't blindly follow along with activists. are there any campaigns that you're sort of investing along with? >> well i'm not in the staples, office depot, though if they were to get something done there that is an interesting merger. >> the one that's interesting to take some profits in is dri. that one had a tremendous run. i wouldn't get too greedy with this. >> coming up next, our own brian kelly thinks the swiss bank could push the currency in recession. find out how he is playing the franc after this break.
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so, how do you feel about cash back? i would not say i'm into it. but let's see where this goes. [ buzzer ] do you like to travel? i'm all about "free" travel, babe. that's what i do. [ buzzer ] balance transfers -- you up for that? well -- unh. too soon? [ female announcer ] fortunately, there's an easier way, with creditcards.com. compare hundreds of cards from every major bank and find the one that's right for you.
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one trader made a massive bet it could move a european market higher. mike has the action. >> we're looking at pwg which saw well over 40 times the average daily call volume trading today. most of that the result of institutional interest in the april 30 calls for which they're paying about 35 cents. that may sound like a small amount but what that's betting on is a move of 10% or more to the upside for the german
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market. this is in dollar terms. when you look at that it's very interesting. we saw well over 60,000 of those calls traded today. >> were you saying you're buying db? >> but also i bought along with mike on the active that he saw in vgk another fund that had upside buying as well. so a lot of people betting on the european markets with positive moves. >> today basically qe was leaked. whatever reaction there's going to be happened today. i don't think you get much tomorrow. >> for more options action check out our live show, 5:30 p.m. eastern time on fridays. let's get to a trade update here. b.k. is making a bearish bet on one currency. >> that would be the swiss franc in the news recently.
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i'm actually short the swiss franc against the u.s. dollar. here's the reason why. they cut their interest rates to negative 7.5%. going up to one year it's negative 1%. if you hold swiss francs you have to pay for the privilege. nobody wants to do that. the increase in the price is going to cause a recession in switzerland because goods are going to be more expensive but it will hurt their tourism. now you have the snb that may intervo intervene to weaken the franc. >> were you seeing any activity that would support that. >> no, but that is a much more complex thing. like we said they were primarily focused on the euro going to the
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upside. germany, italy, different part of the market going higher. >> guy, i asked you the other day would you rather. >> what did you ask me, i forget? >> i asked yu.s. equities. >> you asked me u.s. or the dax and i said u.s. >> today. >> same thing. >> u.s. wave the flag, sister. u.s. given those choices. >> yes, okay. because you know how to play the game. >> "mad money" is next. cramer has an exclusive, actually a couple. he'll talk to the amicus therapeutic ceo. he'll also sit down with the ceo of tg therapudic. that's coming up at the top of the hour. stay tuned.
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take a check on united rentals. the equipment rental company posting better than expected 4th quarter results and the stock is
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trading higher by 1.5%. what do you do here? >> been in this and bought more recently. the stock did trade up in the regular session today before earnings so there was optimism going in. i would love to see some residential growth because that has been absent. if they got that that would be great. i like it right here though. >> time for the final trades. go around the horn. >> i think the u.s. market is still the best place to be however it's my final trade. the stock with a book value of 62 has a lot of upside for me. >> i think the currency markets are the place to be. they have been on fire in january and ycs, you can do that right here. >> we touched on earlier michael kors up 1.5 today but it's still a great buy here. >> those folks at sandisk have explaining to do. >> they do. >> i'm not goofing around. >> they either knew or they didn't say anything or they
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didn't know and that's just mismanagement. >> equally bad. >> which is why american express will get you done on your sell off. >> i'm melissa lee. thanks for watching. see you tomorrow at 5:00 my . to make you money. i'm here to level the plaining feel for all investors. there's also a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. my job is to make you money. my job is to enlighten and teach. call me or tweet me @jimcramer. it's rizic lus that the action in any one stock, any single stock could mean so much to the

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