oil, everything we buy is cheaper and makes america more competitive. makes our exports more competitive. a strong dollar right now is a good thing. >> larry kudlow, thank you for being here this afternoon. braving the snow. there will be much more from that interview on cnbc.com. thanks to my panel. "fast money" begins right now. ♪ the show must go on. snow cannot stop "fast money". we're live from the nasdaq market site overlooking's new york's snowy times square. apple, yahoo! facebook and amazon all coming out later this week. right now we're checking out microsoft. down 3% despite earnings coming in in line with expectations. is the bloom coming off the rose

for the ceo >> i don't think so. the quarter was okay. not good enough, obviously, to continue moving it higher on the evaluations they are trading at. if you parse through, operating margins 29.4%. the street was looking for 28.5%. they continue to get into better margin businesses. i don't think this stock will trade down the october 15th low which is 42 3/4. >> can you take anything else out? >> microsoft is its own thing. the risk/reward here is okay. it's okay. it's a great company. it's not a crazy evaluation. i don't think there's a ton of upside. i think there's not a lot of down side either. >> tim, we were talking about that run up it had, 30% in the last 12 months. >> you get to a place -- everyone has said that. there's no value in the stock.

stock trades 20% roughly premium to where it's traded in the last ten years. relative to its peers and a lot of people say look at the peers that traded 30, 40, 50 times, that microsoft belongs in that echelon. i don't think so. 43 looks like good support. don't sell this wholesale. no reason to own the company. unlike guy there's major pressure to these guys on margins. they are trying to create a product mix. windows 10 also has the pressure of a lot of free upgrades that the street is catching wind of and something that will put more pressure on the stock. >> this whole notion of giving away some of the products free like windows ten. >> that goes to the heart of the problem that microsoft has. we had this honeymoon period for the ceo that he came in and could transform the company. the reason he was able to do that is because you had this xb

upgrade cycle. that's over. we're seeing pc sales starting to slow down from other companies like intel. no longer do they have that tail wind he's got to prove it to us and i don't think he can do it in this environment. >> i guess the biggest question, guy is cloud. the opportunity in cloud, only 5% of revenue right now. >> it might be the future but by the time it's the future it becomes a commoditized business. i don't get excited about microsoft or the cloud they took themselves to the next level. margins continue to improve. you can have it back and forth on 42.5, 43 was the low we traded. you get an opportunity to buy this stock tomorrow. i don't know if it gets to 57 which is our next guess price target but pushes up to 50 bucks. >> good lead in for our next

guest. let's bring him in who has a buy rating. what did you make of the quarter? i guess it was pretty much okay and in line but people, investors were obviously looking for something even better. >> i viewed this as a b plus corridor. there has been this honeymoon pared with nadella. they were blemishes. they are going through cloud transition. 2015 going to be a little bit more of this transition year especially windows 10 but ultimately i view this as a near term speed bump. ultimately large cap tech. they are a lot better off than a lot of other peers, spi, ibm, emc and i believe in dell with some acquisitions will be successful in the cloud transition so we be buyers. >> people, dan, are pinning their hopes when it comes to this stock on growth from the corporate side, corporate technology upgrade the enterprise business. your seeing enough growth there? is that going to continue at this fast rate >> that's where you need windows 10. the pc upgrade cycle started to

wane. softness there. why so much of microsoft's success comes down wind dose 10, can dell be successful not just on the cloud but commercial as well as on the consumer side. there's a bit of prove me situation here over the next two, three quarters from microsoft. last year there was almost a breath of fresh air after the post-bomb era. you saw the honeymoon period. they need to put up results and investors can feel this cloud transition will be successful in 2015-2016. >> so you mentioned microsoft would need acquisitions to actually be successful. who would they need to acquire, what kind of company and are any of them public? >> i view the three areas as big data, cloud and cyber security. the one to us that makes the most sense is imperva. take a step back.

a lot of these tech stallworths they need better cyber security, they need this cloud transition. it's a bipolar spending environment. you saw that last week. now microsoft 2%, 3%, 30%, 40 home runs growth is in cloud. cyber security, big data. i see more consolidation, 90 billion and running of cash. i've seen dell being inquisitive in 2015. >> you have not modeled the holographic glass that they unveiled this virtual reality futuristic computer platforms. does it excite you at all? it could change the image. could microsoft be cool again when it comes to new technology? >> that's part of it. even though they don't have a 408 area code they can be a tech player, skate to where the puck is going. they missed out on every trend, social, search, mobile and

trying to break out of that mold. you see with hollow graphic. more with acquisitions. it speaks to russell wilson surface nfl campaign, the stores that you're seeing across cities and that's really about the brand changing about the product changing. it's going to be a transition year for microsoft. i think this is one where you buy this on weakness and you sort of see the forest through the trees. >> thanks very much for joining us. let's trade it. no takers here. >> the other thing we didn't bring up is the foreign currency issues. this is a big deal for guys in cap tech. hewlett-packard is expensive. you had a place where big tech cap had a place to hide. big dip in yields. dan is bullish on the stock made it sound like it would be a transition year. what do you do with that. >> on this fx question and we'll

hear this across earnings season, for technology in particular it's harder to model input cost because that's a help depending where a lot of these products are manufactured. >> it is. but if you're going into more of the service side of it it becomes a problem for somebody like microsoft and what they are trying to do. the biggest thing i would take away from what tan said was the security side of it. look at a company like fire hide. >> turning to the other big story the drama overseas, a blow to russia's economy. standard & poor downgraded russia's economy to junk status. also more drama in greece the country electing left wing candidate as prime minister over the weekend. michelle caruso-cabrera joins us on the ground in athens with the latest. michele? >> reporter: he was installed as prime minister this afternoon.

record fast time for a greek election by any standard. so the 40-year-old leader of the party. negotiations have already begun. his mandate he said was to try and renegotiate the bail out terms for greece, to try to reverse some of the austerity that's been imposed on the country and try to get a big reduction in the amount of debt that greece owes. he wants debt forgiveness. already though the tonality is that's not going to happen. they may lower interest rates but pure debt forgiveness unlikely. there's concern and considering how much wider they are than the rest of europe definitely indicates there's concerns about

a greek exit from the euro. people think it's possible not probable. the other big concern as they go through this negotiation process will the events get out of control when it comes to the banking system. already there are concerns about deposit withdrawals from the banks. at some point if things get really bad the ecb has to make some kind of decision and that could push everything to the floor and we would have to see who would blink first. things could get very interesting from here. back to you. >> thanks for outlining those risks. european stocks didn't seem worried about it. the euro rose today. >> surprised how they shrugged this off. this can be a destabilizing event. outcome of the election wasn't shocking but still a lot of unknowns that -- >> or is it just that the ecb has made everything better by coming in and doing whatever it

takes not just saying whatever it takes. >> you have a place where now you have 4.6 billion in negative bonds pup have no choice but to go into european equities. if you look at greece we had a place where this provided an amazing entrance into these markets two weeks ago. the s x-5 the 50 european stock index that people follow if you want to look at germany or france up 14% in 14 days. greece everybodying thought on january 5th and 12th something that is taking us down. there will not be austerity or a hair cut but they will length maturities. there's compromise. it can't be a fall out. >> he has a lot to lose this new prime minister if they don't come to any sort of compromise and kind of a greek exit what will happen to greece. >> they said today they don't want it. they partnered with coalition partners that don't want that. i think the risk here, of

course, is contagion. think about spain. what does this mean for the rest of the region. the ecb didn't fix anything. the only thing they fixed was their credibility problem. they talked for two years about devaluing the currency. finally they did it. yields are up. this is not the same transmission mechanism we had here in the u.s. so it won't work like the u.s. did and won't work in europe. >> it's working in europe. >> the dax went up. >> the euro is doing down. >> how is the economy? hasn't changed a bit. depends on what side of the fence you're on. it won't work. we can wait three months or three years. it's not going to work. >> european equities continue to go higher. we haven't gotten into a time where their currency is a tail wind. look at the industrials in germany. look at these stocks that are rallying. >> russia as well.

you're an investor in russia. so that downgrade of s&p to junk was that a surprise. >> deja vu. theels like '98. we did not have the downgrades. now we have a case where i don't think we have seen capitulation. we probably now settle somewhere around 70 on the ruble. capital sfligt major deal. but as people pointed out today the next to fall is fitch or moody's downgrading and then you have the contractual obligations become void. you have significant capital close. this is the tail risk people talk about. it does get worse. i know companies that have dollar exports and ruble cost. they are long term holdings. >> which ones. >> circuit net $30 billion in cash. you can buy it on the pink sheets. >> we'll leave it there.

apple's china growth story is getting even stronger. we got someone who says there is unprecedented demand in china right now for one of apple's products. we'll tell you what is it coming up on fast. with a massive snowstorm and flights you might think airline stocks would take a hit. think again. we'll explain when we come back. you're watching "fast money" on cnbc. our hand. only vectorvest mobile analyzes, ranks and graphs... ...over 16,000 stocks worldwide, everyday,... ...and gives you clear buy, sell, hold recommendations... ...on every stock; anytime, anywhere. vectorvest mobile comes free with your vectorvest trial. get it now! visit vectorvest.com/mobile to get started

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new york city residents are bracing for potentially historic blizzard while we sit here in the warm studio in times square, morgan brennan is braving the cold. morgan? >> reporter: definitely getting colder out here. but we just got this announcement. all public transportation in new york city will stop this evening starting at 11:00 p.m. eastern. that's according to the local transit authority. all subways, buses and commuter trains will stop service tonight at 11:00 p.m. you can see why. the snow is picking up. we got plows and salt spreaders making the rounds out here. those drivers all operating in

12 hour shifts. we got a couple of inches here in times square. as you can see not stopping tourists from coming out to take a look, take pictures. some businesses are beginning to close early here in the area. nonetheless it will get a lot uglier. that's why new york governor andrew cuomo declared a state of emergency for the lower part of the state. >> this storm is going to be serious. and it's not going to be trifled with. it's already dangerous out there today. >> reporter: that's exactly why government officials across the entire northeastern region are urging folks, urging commuters to get home and get off the roads. here in new york city the streets will close down at 11:00 p.m. eastern as well and that's also taking a big toll on the country's biggest theater district. all the broadway shows have been

cancelled tonight and that could carry over into tomorrow as well. sara, back to you. >> surprise to see that broadway going dark. stay warm, morgan. come inside and join us next. more than 5,000 flights, no surprise have already been cancelled because of this storm. cnbc phil lebeau is live from chicago. >> i expect it to have no impact, sara. it's hard to call a major snowstorm a bit of a non-event for the airlines but when you look at this from the investor standpoint it is a non-event. here's why. first plenty of advance notice. it didn't sneaking up or surprise any airlines and as a result they were able to move their planes and crews, reposition them. that's really the key for handling this storm and getting through with as little impact as possible on the cost equation. also this is the first major storm of the season. up until now it's been a very quiet season for the airlines. so that's why a lot of people are looking at this, look the

airline stocks are still soaring through the snow and the reason is when you look at overall this year, the bookings remain strong. the first quarter and fourth quarter not are the two weakest quarters of the airlines still remain strong. jet fuel costs are in check and a mild winter. put that all together and what you have is a situation where while the airlines don't like this and they certainly will have some impact here, not a huge impact but some impact this is not going to have a major downward push on either earnings estimates or on the first quarter numbers. >> phil lebeau thanks very much live from chicago. let's trade it. gui? >> on friday mentioned the price action rockwell collin, ceo collins stock traded down 83. that was an interesting way that stock traded interestingly. that's a subset of the airline trade. traded up today.

$105 price target. >> home depot. >> we have some housing news that was good. that dove tails nicely. great company. i looked at campbell's thinking soup is the way to go. campbell looks expensive. >> didn't help them last winter. >> stay away from soup. >> not selling like it used to. any other colder weather? >> you have to have a sustained storm after storm. generex. >> i'll pick starwood hotels. they have the best hotels in hot, warm places. they have tremendous exposure. a company that's trading at a discount. they are growing in the key emerging markets. to say you do anything today and we had a big street fight about

the airlines last week. >> that you won. >> that's the real question. let's talk about airlines. are they near the end of cycle where capacity strained and high oil price environment gone or in a sweet spot? i think it's a sweet spot. trading airlines on a down day because of a storm don't do it. >> you're not buying in to the blizzard trade. >> definitely not. >> we went into economic contraction last year because of the winter but that was much longer. >> companies blamed bad earnings on this. don't get me wrong. it won't be true. >> between weather and fx. still ahead nfl taeeaming up wi youtube. plus no fun for the mattel toy makers. sales drop and the ceo exits. we break down the trade on the stock next. opinions.

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welcome back to "fast money". we got a news alert with regard to the earnings front. coach was supposed to report earnings tomorrow. it is now going to push back the reporting of its quarterly results until thursday at approximately 7:00 a.m. eastern time. this according to the company is to ensure the safety of its employees impacted by weather and transit conditions as a result of winter storm juno. again it is rescheduling the release until thursday morning at approximately 7:00 a.m. conference call will follow at 8:30. coach the latest company to postpone its earnings release. united technologies moved theirs up today. interesting move by coach to

delay their earnings report. >> thanks very much. a different kind of weather excuse. >> i believe them, though. i figure it will be really bad to miss on weather that happened after the quarter ended. so i actually do believe it. this is interesting. this will be a tell for kate spade and michael kors. >> which one do you like. >> kors. >> mattel, another one you're interested in. had its ceo leaving, brian stockton announced he's leaving. a down beat fourth quarter guidance. that kicks off the top trades. it didn't even look like investors were encouraged by the fact he was leaving. >> no. that was the good news in this release because people have been saying for a while mattel is missing the evolution of the toy and game business. makes me think this is very abrupt. the earnings weren't good. they don't have a great handle on the business. somebody coming from the board,

don't know how long a search will take. and assume field goal they find someone if i were that person i would do the kitchen sink quarter lower the expectation out of the box so you have some room to maneuver. great company with great potential but there's no rush. >> was it barbie? the barbie sales declined? >> it was barbie, but also it was the lack of innovation. >> next up nfl making a big online push teaming up with google's youtube to make videos viewable. the youtube channel has launched now featuring a super bowl preview and highlights from the 2014 season. guy? >> that's clear what's happening. everybody wants a piece of nfl. not a reason to buy google. google reports on this thursday. i will say this. google has had a buns off that low traded pretty well. does that mean you have the continued acceleration into earnings or is this another quarter where they

disdisappoint? if you can trade the stock from 500 up to this 535 level you want to take profits in to this quarter because of too many unknowns. they have too many businesss. they seem to be stalling in too many areas to make me believe they can accelerate on the upside. >> it is a big deal? >> i don't think it's a big deal. another one of these things that people think is a driver for -- is google getting cool again. it's too cool for school. you get back to a company where the bar is low going into the earnings season. i like it. here's a case write don't think there's enormous risk at 18 times for a company that's going to give me probably 20% growth. i do think guy said, it bounced nicely. now you're up to a level of 550. good numbers on thursday actually send this stock closer to 600. >> you're too cool for school. >> thanks.

>> plays drums in a band. >> coming up, apple sales soaring in china. gears up for its earnings report tomorrow. we'll tell you the most important thing you have to know to look for in this release next. no. it's called grid iq. the 4:51 is leaving at 4:51. ♪ they cut the power. it'll fix itself. power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable.

still ahead on "fast money" microsoft's conference call is just beginning right now. shares are still down nearly 3% after hours. we'll bring the latest from ceo nadella. >> northeast snowstorm is getting worse. guy adammy will make his own trek out into the eye of the storm. find out why you could see nearly an 8% move yahoo! when it reports earnings after the bell. we'll start with apple set to report first quarter earnings tomorrow and for the first time ever apple iphone sales in china are expected to top sales in the united states. let's bring in the managing director and global head of technology who says asia saw unprecedented demand for the iphone 6. what did you find? did you go there? is that how you found out? >> we went there in third quarter. we went again in the fourth quarter. and what i found is they could

not meet the demand in china. and if you go to even hong kong, they were selling iphones for $2100 and this is the high end iphone 6 they go for 1,000 at the apple stores. people were strapping iphones to their bodies taking it across the border. it adds to the momentum going into this earnings report. obviously already expectations are high. how much of that is in the stock and how big is the beat going to have to be to get investors excited about this report? >> well, sara, what's very interesting is the set up here. this is just a stepping stone into a great year. and i think a transformational cycle for apple. and that is the fact that they have entered, they will be entering a new product category with apple watch and i think this iphone 6, iphone 6 plus is

a major cycle. >> brian, congratulations. you had a bullish call on the stock. you've been one of the people to say this isn't just about a refresh. help us understand the other parts of the business that will move needle because it won't be smart home, apple pay any time soon, not the iwatch. is this only a hardware story? i agree the asps will be protect and be fine. >> when you look at, first of all we're very bullish on apple watch. almost no one in the world unless you went to the apple special event has played and put the apple watch on their wrist. people will be in love with this thing, number one. number two iphone 6, iphone 6 plus is not a short term phenomenon. in asia everyone moved away. they moved away and went with competitors because apple didn't have a bigger phone. now they do. they are moving back. that's huge. >> brian, let me ask you something. you have this price target of 143.

how do you get there? is there a combination of bigger earnings and a change in the multiple or just the earnings side? >> so we viewed the 16 times multiple on our calendar 15 and added in the net cash per share. i think it's very reasonable. you know, i think apple -- if you look at apple's multiple it contracted 55% sings 2007. this multiple will expand 15 times x cash. i think it's a combination. we have the potential for upside, you know, with apple watch and iphone 6 and then we have the potential for multiple expansion. you have both forces in your favor. >> brian thanks very much for joining us ahead of that release. brian white with $143 price target. let's trade that. karen are you in? >> i'm a long time apple holder. i haven't added around here. i feel like it's a little bit of no man's land. i hate it when expectations are

high. which i feel it is. >> jim cramer said don't trade the stock invest in the stock. >> that's true. >> tim said that as well. not a stock you trade a stock you own. to karen's point it feels like no man's land. they seem to be doing everything right. qualcomm against 70 bucks is a better trade. bounced today. given the choice between the two qualcomm is more interesting. >> the big problem is expectations are so high. as soon as brian talked about people bringing iphones in and strapping to it their body to me as a trader i want to take the other side. that fever has reached a fever pitch. it's traded 105 to 115 for the last month. going to need a catalyst to move out of this range. it may be earnings. my only worry is that after the earnings do people believe that the iwatch will be that big? i'm not sure they do. >> forex is an obstacle.

>> a pop for sony. >> a company that gives you a lot of different components in entertainment and content business trades at point 4. i like the name. >> pop for tesla. >> crude has hurt this stock. but it helps reach the 185 level. it trends back to past resistance which is now 225. >> another pop, manitowoc. >> the company delayed the deadline for nominating directors. so i think they are either talking with carl or relational or both. hopefully towards a split. >> one more pop this one for d.r. horton. >> this was a surprise given what the other home builders have done. d.r. horton did welby selling

stack homes in dallas, in ft. worth. however, i don't think that's a sustainable strategy. take your profits and run. >> the first regulated u.n. big point exchange opening for business with license to do business in 25 states. we spoke earlier with the firm. and weighed in on how much bit coin could be worth on "street signs". have a listen. >> that coin is more than an order of magnitude ahead of any other currency. we have over 2 million customers in the u.s. really no other, no other digital currency has the following and the types of companies going on top of the bit coin. >> i think people have to either understand the long term promise. this is a global gamer system that's the future. it should have a market cap of visa and mastercard. it should have a market cap in

the trillions. >> brian kelly wrote a piece for cnbc.com called bit coin is done with its tumultuous teen years. >> i just think it brings it into adulthood. we needed institutional money coming in. regulated exchange. that will open it up to other people. people will under what the technology is and how you can use it. it's more than a payment system. i would disagree. there's more than one currency out there that can be successful. there's currencies like ripple and stellar that are tackling the international payment system right now. this will be a whole new asset class for wall street and today's event is a watershed event because the new york stock exchange is involved. >> are they regulated. are there actual regulations to provide consumers. bit coin say it's regulated. >> there is no new york bit license. they have their business serve

their license in 25 different states. the other point coin base has insurance on their bit coin. they are a venture capital backed company. you have the assurance there's big money behind it. >> if you're convinced and i know you're an exert in bit coins that this is the future whether or not it's bit coin, wouldn't it be, wouldn't it make sense to be short mastercard, short visa. do you see that model being up ended. >> i don't think it's black and white like that. mastercard and visa could use the technology and looking into this to make their systems better. mastercard has a brand essentially. that's all they have. if they take the block chain and connect to it that brand they may be able to offer it cheaper. people trust mastercard. it's not as easy to say bit coin will displace mastercard and visa. margins would come in.

yeah. >> bit coin big bang by brian kelly our very own. still ahead microsoft's earnings call is under way. we'll get the latest headlines from the ceo right after our break. plus the snow coming down in times square. we'll get an update on the latest winter weather details you need to know. much more on "fast money". [woman] can it make a dentist appointment when my teeth are ready? [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? adammy. >> satya nadella.i.

>> satya nadell

>> shares are down 2% on united technologies. company posted fourth quarter profits. revenues came in a bit shy of analysts estimates. and lowered their four year guidance. shares down by 2%. they made a statement saying they expect to invest $1.7 billion in capital expenditures and planning to buy back 3 million of their own stock and spend $1 billion on acquisition. back over to you. >> hence the pressure on stock. thanks tom. it's trendy blame the currency problem.

>> we heard it from microsoft now. we heard it from utx. you'll hear that across earnings season. the question becomes if a strong dollar, strong dollar bad for the u.s. stock market? not quite there yet but over the next quarter i would start to look for that. >> it's right at the top of the range. very good company. they will don't pay a significant portion. cash flow is very good for any company. they might be spending it. >> we're also watching microsoft, for about ten minutes into the earnings call. josh lipton is in san jose for us with the latest from the call. >> reporter: that call really just getting started here. satya nadella telling analysts how he saw microsoft's performance. let's take a listen to what he had to say. >> as expected the one time benefit of windows end of life xp refresh cycle has tailed off.

we ran into unexpected issues. where there are execution issues we'll address them. where there are macro economic challenges we'll weather them. >> reporter: now nadella of course not surprising talking about some of the positives in the quarter cloud revenue growing 114%, sixth straight quarter of a gain. commercial side of the business as a whole 5% growth. that missed what the street wanted to see. hop back on this and bring you headlines as they cross. back to you. >> thanks very much. >> i was encouraged how decisive he was. not wishy washy. where there are problems we'll address them. he's done everything right so far. the stock is off 2.5% in the after hours. i don't think we get to the highs. if you see the stock trade at 45 even you buy it flight.

>> i again think it's in no man's land. you definitely have to give him the benefit of the doubt. he hasn't been there that long. >> february 4th is the one year anniversary. yahoo! earnings is out tomorrow. why could the price fall to its lowest price since september. and guy adami will brave the storm. get the latest details from outside. his boots are on and we're sending him into the storm. that's next. stamps.com is the best.

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♪ well the snow is picking up here in new york city as a massive winter storm unfolds across the northeast. cnbc jackie is outside in lower manhattan. >> reporter: hi. good evening to you, sara. that's right. the snow starting to pick up some traction on the ground. the street pretty messy even though we had city crews out here salting and plowing pretty much throughout the day to get a jump on this. as the mayor said this storm is

expected to pack a pretty powerful punch. a lot of people working from home, getting floem their evening commute before they cannot travel on the streets or use mass ran the set up at 11:00 p.m. a lot of the residents in this area worried as well because the last time that we saw a serious storm it was hurricane sandy and they lost power, a lot of residents getting out to the supermarkets today stocking up on things, whole foods had lines around the store all day and the manager telling me they were running out of items and even closing early tonight. a lot of people bracing for this and heeding the warning of the city to make sure that they are prepared for it. at the same time the worst of it is supposed to come tonight and a lot of people are expected to work at home tomorrow as well. now the exchanges have not blinked just yet. the nyse, nymex, nasdaq all expected to operate functionally as normal tomorrow. as one person pointed out you do need people to come in and get the exchanges going and that could be a problem for the morning commute.

again a lot of the residents here bracing for this, sort of taking it in stride as new yorkers they say we've been through a lot in down manhattan and we're ready for this storm as well. back over to you. >> we'll be there at the new york stock exchange. do not worry. you're not the only one out in the snow. guy adami wanted to go check out the action outside of the nasdaq. we cents him with the official "fast money" yardstick. >> there you go. three feet of snow. so you figure now what is it 6:00. eight, ten inches. let's check how much we have, sara. that's about an eighth of an inch. long way to go. this is not a big deal yet folks so stuck it up and come out and hang out in times square with me. >> guy, first rule of acreporter on the weather sue probably have

to wear a coat in a snowstorm. >> waiting for to it get colder first. >> you are a tough man. >> you know what? there are a lot of people out there. >> i'm waiting for the mayor to come out and hang out with him. >> don't they shovel the times square every half hour and that's why you get only an eighth of an inch. >> is that why >> we'll scene you out there this time twoem the yardstick. we'll see what get then. >> see you in a bit. >> guy come back inside where it's warm. >> we're worried about him. >> yahoo! reports earnings tomorrow. some traders see the stock moving more than 7%. question is which direction? mike, with today's action what do you see for yahoo!? >> partly sunny and 70 but obviously a lot better than times square. interesting. we had not a very busy day toingss market but yahoo! saw well over 35% above average put

volumes. actually implying an 8% move when historically the stock has moved a little over 5% and we saw a lot of puts being purchased. one of the examples people were buy i buying the 46.5 puts that expire this friday. cost about 80 cents. that sees the stock below freezing 45.75 by the end of the week which is quite a move and would push it back down to levels we haven't seen since last october. we saw the 45s trading and slightly bearish activity. >> that's very interesting. mike stay warm out there in sunny austin. >> it's all about baba. their fourth quarter was tremendous. a quarter where they got the single day activity but a read through to the global. these are drivers for a company that's not cheap but come back and i think the sentiment on

stock like some others that get frothy and pull back is very balanced. i think they will beat on revenues. >> what will you do on the cash? >> that's what's hanging over yahoo! right now. that's why the stock is ranging. bab sampb your better call. >> for more check out our live show 5:30 p.m. eastern time on friday. coming up on "mad money" cramer has an exclusive with ceo from kimberly-clark. jim will bite into the coming shake shack ipo. does it have ingredients for success. all of that and much more ahead on "mad money".

>> it is time for the final trade. let's go around the horn. >> earnings out of the way. look back at citibank. long. >> i think the financials are troubled here. i would sell xl. >> michael kors i like it.

>> great job by walgreen's boot alliance. >> great job by you. >> thanks guys. get home safe. catch 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. i'm just trying to make you a little bit of money here. my job isn't just to entertain but put it in context. tweet me at jim cramer. is the market healthy or is it sick? does it have a pulse, or is it just lurching back and forth like