"fast money" is coming up in just a few seconds. >> melissa lee, what's on tap? >> for the past few years, linked in has been a performer. one analyst on the sidelines for practically the whole time. now, he is saying it is a strong buy. why now and what does he see ahead for the stock? >> straight over to you guys. thanks a lot. "fa "fast money" starts right now. i'm melissa lee. tim see more, steve grasso, brian kelly and guy adami. the tech heavy nasdaq eking out a gain, helping stocks post their first weekly gain of the year. next week, earnings from apple, ali baba, apple and google. rallying more than 5% this week ahead of their reports. how will next week's earnings change the game for technology? how do the rallies going into the earnings, guy, change the setup for the trade? >> obviously, apple, i am going to be focused on yahoo!.

how does it change? to me, yahoo! this is the quarter that they now have to prove themselves. this is where the ali baba story, it's yahoo! who has to sink or swim on their own. floundering around this $50 level. the most important earnings release in quite some time. >> i don't expect anything out of these guys. i this i the stock has capped at 51, 52. ali baba is the story. i think ali ba ba is going to surprise. to that extent, maybe they get some boost. i would be looking at google. a big run going into earnings. i'm cautious. they are getting into wireless. for a lot of people, this is what they don't want to hear. this is a direct link to the consumer. they really already have sengies. the stock rallied hard off of 495. it is giving you 20% growth.

that's what i want to see in tech. the risk/reward is what you are chasing. >> i see these running going into earnings. i think this is a maybe the sell the news kind of event. what do they have to post in order to support their reports? >> i think it will be a sell the news event but for the entire market. you have to decide whether or not we are going to continue to see money flows into the european markets. you are going to have to see whether the dollar is going to continue to rally and whether the euro is going to continue to fall. it is a total sell for the whole entire market. >> i used this analogy the other night. when a snowflake falls on a flat ground, you get nothing. when it falls on a steep slope, you can get an avalanche. >> how did that go the other night? >> a little better than tonight. that was a flat area. in terms of tech, they have had a tremendous run, right? you have to be cautious of the whole market. there is no reason to go in monday morning and go out and buy tech here. i think you can have a very

unsettled week next week. when you look at tech, i will be looking at the layoffs. a lot coming into this, a lot of different earnings. watch those for next week. >> what are you thinking for apple, guy? >> a lot of people saying it is breaking back up to the up side. i saw some technicians say the setup is such it will make the next push towards the up side. they haven't disappointed in quite some time. i am not sure what could be in this quarter that is going to wow people. i have a healthy ambivalence towards apple. my sense is it rallies post earnings and floats back. >> people are waiting for the iphone 6. they are actually in stock in many stores. >> you don't think it was a one quarter story? >> i don't think so. tim will talk about valuation. that's his ball. i think technically, this stock really sets up that the point for higher prices. >> it almost feels like with apple the analysts are on one side of the boat and run to the

other. they all raise their estimates, their price targets and they are all on the other side and the boat is tipping. >> stock that's had extreme sentiment at times. what i like about where apple is, a much more realistic sentiment. this is a company that has to show that the refresh has more to it. back to the market really quick. it is the nasdaq that had been underperforming coming into this week. that's another reason to be scared next week. we had a technical break back above the 20 and the 50. that's very positive. if i think the markets are pulling back, don't forget. >> the weak close. we are headed back. it was not an impressive close. it was not an impressive follow-through. >> terms of next week and the difficult ver generadifficult v europe has had a much better run. the euro had a tremendous dive. there is no reason you couldn't have a reversal in this. when we look at europe, we have

excitement over q.e. it is not going to work for them but there is some excitement over it. i would not be pressing my longs in the european stocks let's talk more on ali baba, the executive chairman addressing china's stalling growth rate in davos. here is what jack ma had to say about the potential impact. >> it is slowing down, much better than 9%. if china keeps 9% of the growth of the economy, there must be something wrong. you would never see the blue sky. you would never see the quality. china should pay attention to the quality of the economy. >> joining us to discuss this and more, aaron kesler, senior internet analyst at raymond james. great to have you with us. >> 9% may mean for pollution, et cetera, for china. at 7.4%, what does that mean for

yo yo your alibaba model. >> china has a much less offline market which is more positive and should enable them to gain more online share than had u.s. market. >> aaron, i am very interested in ali baba global. we saw some push into this into the singles day. t global, what's happening with that? this to me is very excited. >> t-mall in china is growing very strongly as u.s. brands and global branding increasing their selling. the question for investors. that's still early. ali baba has launched in the u.s. a small site. that's a bigger question. do they launch bigger in the u.s. and europe.

some speculate whether they try to acquire an ebay to get more presence. >> what are you anticipating in terms of earnings? is it the time when ali ba ba and yahoo! completely decouple? >> looking for strongly results from ali ba ba, roughly 40%. in terms of decoupling, they will have to look to sell the remains part of their shares. can they get a taxi efficient deal. we'll have to watch for that when yahoo! reports next week what they come up with. >> aaron you made a move at linked in and upgraded a $280 price target. how do you wrap your arms around the multiple closing on an 85 times forward earning? you obviously see further upset. how do you get there? >> on the earnings multiple is expensive. they have about 26% ebitda

margins. revenue multiple, nine times today. we think they can sustain that. we expect 35%, 40% growth over the next couple of years. we do see up side from some of the new initiatives, including sales solutions as well as the marketing solutions divisions. we think that could generate up-side. >> correct me if i'm wrong. you have had a market perform rating on linked in since april of 2012. in that period since then, the stock has more than doubled. why is all this story more visible after the stock has more than doubled. >> it has doubled since then. one thing to keep in mind. it has been flat over the last year. 2013, a $250 stock. it is below that today. over the last year, it hasn't done anything. going forward over the next year, we see up side from sales solution, which they are just trying to monetize now. we think that is early. we think that is going to start kraching on. marketing solutions will start to accelerate as they are increasingly selling more mobiles advertising. we think there were a couple of

initiatives that weren't present a year ago. they start to lead to up side to numbers. >> aaron, thanks so much for your time. appreciate it. aaron kesler of raymond james. let's talked about linkedin. it soars. it has had a monster run recently. >> this is a stock that's incredibly volatile. it is a trade where a lot of people have gotten comfortable with. it is a company that is probably going to become more efficient going forward. it is a $140 stock. it is one of the great kind of dominators of an industry. i don't know if i would pay that amount for it. i think it is great. >> i think they have a lot to prove over the next couple of months. i am not saying they can't do that. switching the mobile is something that everybody is doing. that doesn't impress me at much. up here at 240 as your breakout point, maybe wait for a pullback or a clothes above 240 to buy this. you are going to need momentum

to continue to make any money. >> you would like the story. >> tim said it is a ridiculously volatile stock. back end of last year, it has done very well. i was making more at 260. you have to close above. that was the high in the middle of 2013. i respect aaron for coming out ahead of earnings. i think you are in the deep end of the pool. >> it is sort of counterintuitive. you would think this would do better when the unemployment rate is higher. once everyone starts to get employed, they start to shop around. it does seem counterintuitive but i think people start to get in that people. i think people are aggressively shopping. >> hockey fans giving go pro a long-needed boost. hot ipo closing up more than 60%

on box. is it too late to get in on the gains? we'll debate that next on "fast."

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rough day foor for ups. >> there are a couple of things going on. there is a ups specific piece ramped up for the holidays. they had all kinds of problems. they doesn't be aggressive. probably a little over their skis as tim would say. in this particular case, really interesting. the chicago fed, national index, a leading index in the economy. that had a major deceleration in december. we had a market ism come out today, year over year in that. again, decelerating. those tend to be leading indicators of the economy. i couple that with what went on with ups. they were disappointed compared to last year. i would think there is something more going on than ups got too many u-haul trucks.

>> we had a snowflake. >> if we were to play between fedex and ups, does it make it fedex is a slam-dunk over ups. they felt the impact but reaffirmed its outlook for the year. >> fedex should not have been punished today. it is very interesting to be buying that. ups, i think this was an operational call. i don't agree with the systemic call. brian is pointing out some softness that might be there. >> ups problem. >> this was also for funding the pension, this was a big deal. this was a stock that pulled back to a very key level almost today. you don't punish the sector. i don't think you have to punish this thing full scale. >> they ramped up too much. they spent too much money. >> we talk about the airlines when dan and i and our tag team got spanked. >> spanked? i would have set humbled. >> tim's point about fedex, we trade up to 180 in change early december, sold off, retested.

seemingly has failed. fedex to 170 gets dicey pretty quick. if you are asking me, would i rae rather these levels. >> walmart. >> game on. >> if that shows any weakness about tim's point, i'll be buying fedex. >> why not a pair of strike. >> shares of goprojumping 8%. they are taking their partnership at the nhl to the next level. players will wear gopros during the game that will transition high-testi high-definition video. >> we across this desk almost universally said we have been wrong on the name, started to climb the charts. i think we have been unanimous saying that the hardware side of this company is overvalued. i think it is still coming in. they are doing all the right things. they are in the coolest places. kids have to have them. i still think the stock is a

sell. >> you said put it there and lead it there. >> the business snowflake. >> exactly. i had a lot of different things to say about this. i also think you buy this stock. i think today's announcement is exactly why you buy this stock. think about this, now, they are going to be another tv network. they are going to be like an espn. this is going to p hhappen. >> i think it is need, the fact they have struck a deal with the nfl. they will be delivering a different perspective. that's very interesting. it is something i would watch. >> i am going to ask guy. he is the only one that watches hockey. >> that hurts. >> i know. >> can we stop hurting and answer the question? does this mean you are going for the gopro? >> i was wrong, bullish on the way up and down. clearly wrong. does it change my view? it reinforces my view that i think the company is for real. they are going to go from a

hardware company to a content company. this has dog nothing to dissuade me. the price action has been awful. we may look back when the rangers are in the stanley cup in june. >> next up, cloud storage service box soaring 65%. box ceo and co-founder spoke to "squawk on the street" this morning. take a listen. >> we are going after such a large market. we care about the individual profitability on a per does mer basis. we are in the mode where we are going after this market in a big way with a product that's very differentiated. we would prefer investors that understand that model, that understand the sort of replatforming of enterprise i.t. that's playing out. when you you think about the new next generation i.t. model, it is going to be services like work day and sales force and service now and these platforms. we are trying to take the content management and move that

to the cloud. >> i didn't understand a word he said. he looks like one of the beastie boys. >> we had a great guest on last night saying all the negative things about the company. the stock is up 63%. how do you trade it? honestly, i have no idea. what i think is interesting. we talked about their competitors. amazon reports on the 29th. we had carmen gill zon. he has a 3:45 price tag. if you ask me how to play box, i think amazon is starting to show its hands into earnings neck week. >> it has a lot to prove in terms of the cash burn and making money. >> let's get two quarters earnings out of these guys. that's when you start to make your call. >> snaple action in greece this morning as the euro hits 15u7b-year low. the traders tell you how they are playing the move after this break.

welcome back to "fast money." i'm morgan brennan. a change that will be taking place after the trading money on monday. hca holdings is going to be replacing safeway in the s&p 500. safeway is getting acquired serberus management. safeway, unchanged. now, time for pops and drops. big mover of the day. popper, loo lululemon, upgrade would take the profits on this.

>> drop or dream works, down 8%, grasso. >> they find a lot more efficiency in making movies. they are going to come back to one this year, cheaper. i wouldn't do it. that is a no touch right now. >> drop for u.s. steel, gee. >> goldman stacks downgrades from 52 to 23. that comes under the heading of thanks for nothing. their report on the 27th, then, nathan who will be on "options action." i think you buy this into earnings. >> starbucks? >> a core long overweight. it continues to grow 15%-20%. they have multiple earnings channels on the product side. they are doing it in america and internationally. stay there. >> the ecb's decision to undertake its massive easing plan is having a big impact switching to the lowest against the dollar in 11 years. it comes ahead this weekend. today's fast funds, we are

taking a way to play all the funds in europe. let's go around the horn and kick it off with beaker. >> while everybody is excited about q.e., it is not going to work the same way. interest rate is low. transfer mechanism is different. the best case you can hope for is a much, much lower euro. in the short term, your probably not going to get that. what i have done is unshort germany ewg. that's the way you play this. europe continues to go down the discretionary path. >> i said buy ewe and short efg. i'm saying almost the same thing as brian after a 6% move in your favor. you cover that euro short. so oversold. sentiment is terrible. it can't stay this low. it is not a solar stock. turn it around. >> currency, the way currencies are trading, i use, they are not solar stocks. you can't have these kind of moves in a major, major

currency. >> grasso. >> a double short level on oil and grass. i think the dollar goes higher and the euro goes lower. oil goes lower as well. >> the market seems to have stabilized but gold is in play. this is going from somebody 18 to 23 1/2. pullback today. i think gold is still the way to play it. they are layered. >> no matter what happens to the dollar. >> i don't think it is about the dollar. people come to the realization that gold is the store of value. >> that correlation is broke this year. >> let's go around with tim see more. ups is a world class company that gets their act together. risk reward, 98. >> lockheed martin, hard to cut defense speaking. >> atk, this is starting to take off. >> gee? >> what's coming up a little "options action." >> i tebow that show. i love those guys. you see the price action, bigs

talked to me about this. the stock opened at 83. on the high, breaking out to the other side. >> that will get you done. >> that does it for us here on "fast money." we'll see you back here monday at 5:00 for more "fast." "options action" starts right after this break. see you you then.

life in the nasdaq website, i'm melissa lee. here is the action tonight. prince aw walid shocked the world and may have spelled doom for one well-known stock. plus, do you like tech? ♪ >> well, then, you're in luck. next week, it is make or break time for apple, google, microsoft and maybe even "your money." we'll give you the