we're taking "closing bell" to las vegas. got to go. >> where are these dollar estimates coming from? >> all the projections. you've got all these media experts. >> and there's plenty more at cnbc.com. thank you, eric. happy early birthday. thank you, guys. "fast money" is coming up in just a few seconds. melissa lee, what's on tap? >> hey there, kelly. live from the nasdaq market site, this is "fast money." apple closing at $133 a share today. its market cap now double that of exxon mobil. you sell the name or just hold on for the ride? and just announced in the past hour, a joint venture in the solar space. we've got the details and how to play coming up. plus, dennis has his eye on the cheapest stock market in the world. we'll tell you what it is and whether you should buy along, too. let's start with this, apple move getting a big bump. plus, news the company would be spending nearly $2 billion on data centers in ireland and denmark. the stock closing at a level

that would have put it close to the $1,000 mark. but the short interest in the spot, this is interesting, keeps going down. so people are willing to say, you know what? i'm going to hold on. pete, what do you make of this? >> it just seems that everybody wants a piece of it. a lot of people are talking about the idea that not enough is invested into apple, even though it seems like we talk about it every single day and every hedge fund manager seems to have a piece of it. a lot of guys have taken some off. either trimmed or took it off. i know tep tepper is one of the. you wonder how much more room is there to the upside. from a valuation perspective, from a cash perspective, we all know that whole story. but what's the next driver from here? i think it continues to be the six and the six-plus as they continue to roll those out. look at companies like china mobile, and some of these others that are riding on the apple wave right now. put in serious logic as well. >> that a potential dividend increase in april because it's coming around the time they have to revisit the program. i mean, the run -- does a run

itself make you concerned, or is the valuation enough to say, you know, it's not that expensive when you take out the cash. >> the run does make me concerned. as the valuation story that when you take out the cash it's relatively cheap. they still have this issue. carl icahn pushing hard to do even more aggressive return to capital to shareholders. i've been sort of hanging on, definitely not adding for the last $23 at least. so feel a little bit like i've missed it. now i wouldn't sell it. might be counterintuitive. but i do think there's some momentum there. but i would not add here. >> i'm not going to pretend i've been bullish the whole way because i'm not. i've been trying to figure out ways to trade it. pete says it's a stock you've got to own, not trade. that said, a couple weeks ago, i think it was a couple weeks ago, you had that costco announcement with american express, dropping american express. one of the first things that came to mind, i know a lot of people tweeted and talked about it, is does that set up apple pay to move in there? and if that's the case, does

that open the floodgates for them to move in other places? i think that's probably true. that might be the catalyst along with some of the things that pete just mentioned that makes the stock continue to move higher. >> i would say there's a broader issue for the nasdaq here. when you look at the top five holdings in the nasdaq 100, they make up almost $2 trillion in market cap. apple is $775 billion of that. microsoft, intel, google, and facebook, they're all down or flat on the year. apple's up 20%. it's up 27% from the lows in january. so to me, there's been a lot of talk, nasdaq 5,000, are we in a bubble. we're not in a bubble. apple could be in a sentiment bubble. when you talk about the catalyst, those are in april, people. we've got a long time here. so this stock is just belted up here. >> that's not a long time. >> it's a long time when you think about how much market cap has gained in such a short period of time. think about next year, from 2014 to 2015. we're talking about 20, $25 billion. the stock has already gained ten times that, okay?

so people -- just, you know, i've been wrong on this. you guys have all been right. everybody's been right on this thing. but things just don't grow to the sky. >> does it matter if there is a sentiment bubble? i'm not saying there is or isn't, but -- it's not a story where we're saying take a look sten yea ten years out and you can see the potential. we're saying things that are closer in time. >> if you look at the near-term catalyst, the one argument i would pay back at you is apple pay, to guy's point. i think that is going to be an absolute home run for those guys for the next couple quarters. with china mobile, the reason i bring that up is where have they really had some huge penetration. obviously into the asian markets. when you look at what they've done, people are waiting for those larger formatted screens. they continue to buy them. the 4g buildout finally there. because of that, this stock can continue to go to the upside. the options are really, really cheap. call spreads is a great way to be involved in apple right now. >> we mentioned the short

interest, mainly because when we approached this new record, i said what's the short interest? i wonder how many people are betting against a stock. the fact that it has actually gone down is interesting. because people are willing to -- you know what? can't short this. not going to short this anymore. >> but that speaks to the bubble sentiment that i'm talking about in a way. and that's kind of dangerous. in september of 2012, you couldn't find somebody who wanted to short apple and that's what we're talking about. we had a chart just before. if you look at the rally, the uptrend, the top end of the uptrend, it's getting very steep. >> let me ask you this last question before we move on. would you short apple? >> i tried at 120. >> vol was pretty cheap. it's not a great trade. trust me, people. >> a news alert on first solar and sun power both soaring in the after-hours session, taking along the entire sector with it. >> up 10% to 12% on about 300,000 to 400,000 shares. both said that they are going to

look, or they're in advanced talks to form a joint company, something called a yield co combining operating assets from both sun power and from first solar. they are then going to at least look at this idea of taking this company, this yield structure and then perhaps ipo'g at some point here. they do say in the release there's no assurance that this will be formed from or any kind of ipo will be consummated still. it's interesting that two of the bigger players in solar in the u.s. are now going to take their assets, or at least some of them, put them in a company, possibly ipo it into something called a yield co. this is getting a lot more popularity among energy companies, specifically renewable energy companies. just this idea that they can put together this deal. remember, yield cos, the way you like them is an mlp in renewable energy. back to you guys. >> thanks so much. we've seen this played out by sun edison. that's a yield co trading separately. we asked the question when this first crossed, why today, why

would they announce it. because by no means is this a done deal. both of them report earnings tomorrow during the day. sun power before, and first solar after. >> yeah. >> so we were speculating, you were saying they're going to be asked about this. >> because it's been widely talked about. >> and it's a dynamic that is definitely happening in the industry. the reason they're trading up is you get this arbitrage when you put these assets into a yield paying venture. they've been getting a great multiple. that's trading really well. i think it will continue to trade higher. in a yield-hungry world, you have a growing yield -- you know, high yield base of assets, that's pretty good. i'm not sure why they need to do it together. >> one argument could be that they're just cherry picking their best assets, so it will form a yield co with higher existing assets. >> this is backed by actual

assets. >> i understand. but it seems kind of goofy to me. so you're a company and you have assets and you're in business to do something and you sell services. well, if those assets have a yield, then they should be part of the whole -- i don't get it. you guys are much smarter than me, obviously. >> i'm not. >> smarter than i. [ laughter ] >> you know, there are those who just want yield and those who just want the development of the assets, which you will have. i wonder if it's not the cherry picking, it's the opposite of cherry picking. >> so it's the crappy assets shoved into a yield co. >> i don't know. clearly the market seems to like it. these arbitrage things do happen. and it's good for the industry. if you have a growing industry that now has a cheaper source of financing these projects, that is a good thing. >> but, and we talk about it all the time, every analyst that comes on says oil has nothing -- the move in oil has nothing to do with solar stocks. and fundamentally, they're right. in terms of the way the stocks perform, they're not right.

they've traded lock step. so i wonder out loud, has the move in energy forced them into this position? i don't know if that's got anything to do with it. something to bring up. i will say this. sun power has about a 24% short interest. it's probably not a name you want. it's very difficult to maintain that short position right now, given these headlines. >> by the way, i mentioned sun ed on the that's having done this structure before with terp. we're going to be speaking with the ceo sun edison tomorrow. we'll broadcast that money on "fast money" tomorrow. meantime, russian stocks getting hit hard today on the back of a downgrade of the country's debt to junk by moody's yesterday. up by more than 16%. our next guest says today's weakness may be a buying opportunity. let's bring in dennis guardman. dennis, you're not in russia right now, but you're sniffing arm. what's going to cause you to pull the trigger? >> a limttle bit more weakness. russia has been on my radar screen for a while. i went to speak at a couple of

seminars, listened to a couple people speak about russia. suddenly it's interesting to me when i see the etfs down almost 45, 50, 60, 70% from five and six and seven years ago. we're down to price-to-earnings multiples of -- depends on whether you believe they're price-to-earnings at all. something less than ten. maybe as low as five. some guys i've even heard said it can be priced at something close to four. let's say it's simply extraordinarily cheap. obviously you have political problems that you have to be concerned about. obviously you've got the ukrainian problem. but is that already incumbent in the market, given the fact that we're down as dramatically as we have been the past several years. it's interesting. the fact that the currency is as weak as it is, if i've learned anything, i've learned when a currency gets as weak as the ruble has been, that is almost always helpful for the stock market. so i'm interested in it. i haven't pulled the trigger yet, but it's on my table.

>> it's karen. when you look to buy this and hedge the ruble exposure? or do you think that might be near bottom as well? >> no, karen, i think i'd prefer just dealing in the etfs here in the united states and avoiding the currency exposure completely. all i'm going to be trading is the etf that's in dollar terms. you'll see the etf move higher along with it. i'm not going to worry about the ruble exposure at all. i'll be blunt about that. i'll leave it to somebody else to take care of that problem. >> so there's nothing specifically that you're watching, that makes you think now it's going to be the time to get into the rsx or russian stocks in general. >> no, just the fact that we've rallied from the lows. now it's breaking today. it broke on the downgrade. if we can't break for another two or three days, if we hold right here on the news of a downgrade, that will be probably sufficient to say, you know what, time to put my feet into the water and take a look and see what's going on there.

bad news. it was very bad news, but not down that much today, and that i thought was impressive. >> dennis, does one need to be bullish or oil or just think oil has bottomed in order to be bullish of the rsx here? >> it would certainly help if oil would stop going down, wouldn't it? if you are going to be a buyer of russia, you making a quasi-implied bet that crude oil has at least stopped going down. so you have to be cognizant of that fact. it would certainly help if wti would make its way back over 55. it would help if brent would get back over 60. >> dennis, thank you, good to see you. >> always good to be seen. thank you very much. >> dennis gartman. pete, would you buy russian stocks? >> the rsx, if i did anything. i actually would say that oil has stabilized. obviously dennis is talking about $55, but it has been between 48 and call it low 50s, $52 for quite some time.

there's huge volatility within that. up huge again today. trading somewhere between 55 and call it 63, somewhere in that range. so there's volatility in oil. if you think it's ready to move up to the upside. >> you think the oil has stabilized because your question implies you need to believe that oil has stabilized. >> everything pete said is correct. it has stabilized. it's vacillated in this price range. but he also said the lvx is definitely at the upper end. i think it's stabilized before the next leg lower. but that's what makes markets, right? >> and it's a battle right now, in my opinion, between the shorts and the longs in the futures market, which means margin calls left and right every single day. it's why there's so much volatility. and yet it's staying between that 4 and $5 range. the super bug is spreading. new cases showing up in north carolina. we've got the ceo of the biotech company trying to stop it, and a first on cnbc interview coming

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target slicing its minimum

online price to qualify for free shipping in half to $25, taking tougher aim at competitors like wal-mart and amazon. target began offering free shipping for orders worth $50 or more back in june. this really ups the ante. >> it does. they're in a bit of a tough spot. they've got this -- i don't know how many orders would fall within that window that is now $25, it used to be 50. but that's a little bit of pressure there. then you have the wal-mart news about the wage hike. so they're getting kind of pressed from both places. it's not crazy expensive at all, but it's a great company, but i think wal-mart is in a little bit better position. i'd rather own wal-mart. >> really? even with the hedge winds from the wage increase? >> i think that ultimately will cause a higher valuation of wal-mart, which has had a knock on them for their labor relations for a really long time. >> guy, what do you think?

>> target fields all the negative. but very quiet target is at an all-time high effectively today. karen mentioned wal-mart. they basically trade around the same valuation-ish. if you're playing the game -- we all play. next up, disney, tickets to visit the company's famous theme parks are being raised effective immediately. pete? >> it's pretty impressive, when you look at the revenue streams. the networks are about 40%, a little over 20 something billion dollars. the parks, they're no slouch. about 30%. about $15 billion. they finally got to triple digits. i think the rest of the parks are going to start moving over as well, towards that $100 level. most are between 70 and 90 right now. demand has been strong. i think disney, they're seeing what's happening in europe. believe it or not, the paris

disneys are doing well, the parks. and because of that, they know that they can raise the prices. they feel people are going to continue to go. this sends disney a little bit higher. >> last quarter, they had all-time record attendance, quarterly attendance for the resorts as well as disney world. it's amazing. >> but these guys get a lot of guests from overseas, with the dollar so strong, raising prices. that's not an ideal situation. i don't know what the percentage is. but here's the thing. i think it's a really tough chase here. the stocks had this runway breakout. it's an obvious buy if it fills in that gap on any general market weakness, but it seems to be the sentiment is pretty strong in this thing, given how well it acted. >> and they've got nine of the top ten most visited parks. i mean, disney owns that. that's incredible. shows you their strength. still ahead, some people trade with their gut. our boy dan, he trades with his stomach. >> i went into a chipotle last night and had one of their burritos. i've got to tell you. i think my original call is that

taco bell is for potheads. chipotle is for people like me. that was delicious. >> obviously the way to dan's trading heart is through his stomach and this time around he's tackling the burger trade. we've got the details ahead. plus, a bi-coastal super bug. one person in north carolina has died. we sat down with the ceo of one biotech player that is fighting against the superbug firsthand. that's next. when i'm on "fast money," it's a complete rush. it's fun, but it's all about the trade. in trading, there's rumors and facts. when i come to the show, i spread the facts. everyone on the show is a professional trader. >> we put our money where our mouth is. >> the easy money is made going with the consensus. the big money is made going with the countertrend. >> we're always trying to look for, what's the next trade. not what is the obvious trade, but what's the trade nobody has taken a look at, nobody has put on, that you could put on tomorrow. >> "fast money," weak days, 5:00 eastern on cnbc. we live in a pick and choose world.

choose, choose, choose.

but at bedtime? ...why settle for this? enter sleep number. and the ultimate sleep number event, going on now. sleepiq technology tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! now we can all choose amazing sleep, only at a sleep number store. right now save 50% on the ultimate limited edition bed. know better sleep with sleep number. the superbug has now spread to north carolina where another death was linked to the drug resistant disease. shares of the company battling the bug are up about 200% over the past year.

joining us now in a first on cnbc interview is guy mcdonald. great to have you with us. >> thank you, melissa. >> obviously the development of this particular drug has been going on for quite some time. can you just sort of speak to the people out there who may not understand why there is a dearth in the market of antibiotics these days? >> i think clearly the recent epidemic that we're seeing is highlighting the need for new antibiotics. there's been a long time since we haven't had a focus on developing new antibiotics. sadly, resistance is developing. as a result of that, physicians are left with limited or no choices in treating these patients. we're working on trying to find new products for our physicians. our product is in late stage development right now. >> it's interesting, because for quite some time, a lot of the pharmaceutical companies didn't focus on antibiotics because it wasn't profitable for them, but now antibiotics have really

gotten back in the spotlight with a number of acquisitions. now we have you. calling this opportunity at this point of your drug a billion-dollar plus commercial opportunity. can antibiotics be a blockbuster area these days? >> i think they certainly can. i mean, right now today in the u.s., there are over two million people treated each year for resistant infections, and clearly with a very limited new antibiotics and development, that clearly creates a big commercial opportunity for new products coming to market. and there aren't many of them. >> specifically for your drug, you had some positive ignite one data recently and live analysts are looking toward april when you're going to release more full results. more data. your ignite 2 data. can you speak to what you anticipate or what you think -- how it's going so far and what we can expect in april?

>> sure. i mean, i think what we tried to demonstrate so far is that eravacycline works against the super bugs that have been in the news recently. we finished our first large study in december last year. with that, we'll have the data we need to be able to move towards making the drug available to patients and physicians. >> so this particular superbug, already it's taking its toll. the cre superbug. your drug won't be approved until maybe the end of this year. is there any talk with the fda about perhaps using this in some sort of trial if this cre spreads more? >> i mean, certainly, as i said, we're working towards the last stages of development of eravacycline so we can get that done by the end of this year. clearly any other usage, we'd need to be discussing that the

fda. >> okay, we're going to leave it there. thank you so much for your time. appreciate it. some analysts are saying that -- i mentioned some of the deals going on, that this company could be a takeout target as well. >> back in november, bloomberg reported that they hired a team to pursue potential acquirers. and roche was one of the names. understand if you do get into this, it's volatile. stock went from 44 to 34, trading 40 and change now. so get ready for the ride. we mentioned one name last week in this world, that's sempra. that stock's been up nicely. i think if you're looking for some move, i think that's where you go. this one's a little too volatile for me. >> this is old school biotech. you look at a lot of those names. they've got pes that are actually very tolerable. they're somewhere in the low 20s. some even less than that. huge cash on their balance sheets. some even have dividends. this is old school.

they've got phase three. that's how far along this is right now. maybe at the end of the year. maybe some testing as guy mentioned. but billion-dollar potential. that's what you're betting on right now. you just have to understand the parameters in which you're working. >> karen? >> too scary for me to wake unone day, say phase three, failed trial. so i like the ibb, the xp9 and the fpt. >> some unusual activity right now. >> wells fargo very active buying the march 56 calls. this was a stock that was $55 at the beginning of the year. dipped down towards 50, and ran right back up near the highs again, near $55. over 8,000 of those were bought today. they're out of the money. only paying about 35 to 38 cents. so an inexpensive shot. looking for a breakout from the banks. they only got about three weeks for these to work.

we'll see what happens. >> you don't like this trade at all? >> if there is a hipt of rates going higher at the march 18th fed meeting, this bank should rock 'n' roll. coming up, west coast ports back open after tentative labor deal is reached on friday night, but who's responsible for all that backlog from the shutdown? we're talking to the coo of trucking company westerner enterprises to see if it stands to reap the benefits of that west coast port strike.

♪ still ahead on "fast money," live from the nasdaq in times square, a deal reached in the west coast port strike. what happens to all that cargo? we've got one company that could benefit. and federal reserve chair janet yellen to speak before congress tomorrow. we've got someone who says there are two screaming buys you should make ahead of her testimony. plus, a suitor for the shack? shake shack could be a takeover

target. he'll steal karen's signature segment again in his own fine print coming up. we start off with trucker demand. retailers and other companies are looking to clear huge cargo backlogs as fast as possible. joining us, derek leathers, the chief operating officer of werner enterprises. great to have you with us. >> great to be here, melissa. >> how bad is the scramble and are you able to exact higher rates because trucks are in such demand right now? >> well, it's going to be a scramble. when you look at what's out on the west coast with 80 vessels roughly up and down the west coast at anchor, or at port, the amount of volume we've got to put through the network is going to be significantly higher than normal activity. so, you know, will rates obviously have to reflect what we have to do to push that much demand through, absolutely.

mostly that's driven by our ability to get back to the west coast. our customers understand that and we'll work that to try to mitigate that the best we can. >> let me ask you something. aside from just getting through the backlog, which could maybe even be very expensive for you. in going forward, do you see some of the retailers, or whomever was most affected, actually shifting away from having so much exposure to the port, because what happened was so bad for them that they have to rethink how they get their goods across america? >> it will be interesting to see how this plays out. but if you look at the time this this slowdown and for a few days shutdown took place, most estimates have about 150,000 containers that were deviated through the all water routes of the suez canal and panama canal. i think once retailers make that decision and build that supply time into their supply chain, they come to terms with the fact that it is a viable option. at the end of the day, it's

still twice as long. it's our belief that some of that will remain there. but there will be a lot of that volume coming back to the west coast. it's obviously a lot better than the water routes that can run 30 to 35 days depending on the port of call. >> i wanted to get your take on demand for this year. it's interesting, because we're still in a driver shortage, so it's difficult to hire the drivers out there. i'm wondering if you'll have to raise wagally for drivers in order to attract and to do this expansion, whether the capacity demand warrants that. >> demand is certainly there. if you look at their w2s, they were up about 19.5%.

that's customers supporting us on that. right now there is a capacity shortage on that. it's hard to move the nation's goods with the amount of trucks that are available. customers understand that. they've been pretty supportive of wage increases and it really is something we need to do, to get driver wages across the nation up, another 5,000, potentially as much as 10,000 over the next year. but we'll do that in conjunction with our customers where it makes sense. >> can you still do that? can you have those increases in wages if field prices go up as well? >> well, fuel is going to put an extra burden if it was to start rising. fuel has helped both of us in our operating costs quite a bit in the fourth quarter. most indications right now would be that we're planning for relatively stable fuel. customers are pretty responsive to it because peak capacity is

off about 14%. as the economy starts to climb back, we have to find a way to attract more drivers into the industry for us to be able to add capacity. >> great to speak with you. thank you for your time. >> thank you. >> your question was interesting. it's also not just divert to truck, but divert to air. >> right. you know it's more expensive. we don't like to do it. we're going to see those costs in the first quarter. i wonder if it's a negotiating threat to say i can't have all that exposure to long beach. >> the truckers that own the fleets, but they're also sort of the logistics that are asset-like models. they sort of pair retailers up. >> on the last earnings report, they talked about the fuel prices being down. 55 cents higher than it was in the previous. you look at these a lot the way you look at the airlines. the one difference would be --

you talked about it. they need drivers. they continue to go out there. but i think as those wages go up, i think that's beginning to start to dry some of those folks into that industry. >> i can see pete as a driver. >> i can easily be a driver. >> guy worked as driver in ups. but that's not long haul. that's not long haul. >> you ever drive across town? >> that can be a long haul. big movers of the day. a drop for boeing down 2%. >> they downgraded, so it's sort of they're reupping their bet. they've been wrong for a while, i think they're wrong again. it can pull back, but this stock has been on fire. i think it continues to move higher from here. >> drop for zillow down 3%. >> i mean, this stock rallied about 40% from the january lows. they closed that trulia deal last week. i don't think they chase it right here. i think a lot of service companies are kind of struggling

right now. let's see what they talk about with cost savings. i think you want to buy this closer. >> discovery communications up 5%. pete? >> this had a nice jump today when you're talking about the rumors about potentially fox jumping into this world and maybe wanting to get more content. we'll see if that happens. maro talked about this stock maybe being a quadruple. not sure about that, but i think it does go higher. >> and pop for united health. >> a pop for anybody many this space. united health, humana, anthem. cms came out on late friday night saying that things will be less bad in terms of price increases, and so that was good for the whole space. >> mcdonald's struggles, dealing with falling sales. so if you can't beat them, buy them? time for a fine print from dan nathan. >> here's the thing, right?

you know, mcdonald's, they just had this management change. this is a struggle. i think these big burger companies, i think they're really challenged. i think mcdonald's in particular has lost mine share. it's not just about what's on their menu and what they're doing. it's about everything else. when you think about chipotle, ten years ago, they had $500 million in sales. they're expected to have 5 billion in sales. where is that coming from? i think mcdonald's is structurally challenged here. so when you think about just last month, we had this wildly successful shake shack ipo. danny meyer, amazing restaurateur here. five states in america, in just five countries. i suspect they went public because they're going to grow like crazy. they have a great product. they have a great story. it's got a $1.5 billion market cap here. this is kind of the problem and they're expected to have $160 million in sales this year, okay? they're not selling a whole heck

of a lot of burgers in the grand scheme of things. mcdonald's every day sells $70 million worth of these things right here. big macs and all that sort of stuff and it's not particularly good. i think all of us know that. so here's the deal, people. i bought a little shake shack today. because this thing -- you see what's going on over here? >> that's a fine-looking burger. >> that's a tasty burger. >> so let me tell you what my thesis is here. the stock is still up 100% from its ipo price in january here. we know mcdonald's has new ceo coming in march 1st. i think they should make a knock youth bid for shake shack. they should take a page out of tim cook's playbook. and they put dr. dre in there. put danny meyer on the board, who is the chairman of shake shack here. i would grow the heck out of it and get rid of a lot of this

underperforming crap at mcdonald's and simplify the menu. the competition is there and it's going to come to mcdonald's one way or another. if you can't beat them, join them. >> i have two questions for you. danny meyer just went public. why would he want to sell so soon? question number one. question number two is -- >> what? >> the other question is -- i mean, tim cook, that comparison. tim cook didn't buy another smart phone maker. this was equivalent of another smart phone maker. >> mcdonald's is going to have make some moves in the next several years. >> what is the price differenti differential? >> but here's the thing, in new york city, it's a great example. they have them in places where people are going to go. they have them at citi field. there's a reason why mcdonald's aren't in sports stadiums because the food is not particularly good. people will probably spend $10 for a higher quality burger.

so i think you keep the mid to low level fast service brand and then you really focus on this quick service brand. >> why can't they just make this a better burger? >> because people won't buy it. >> i hear you from the mcdonald's standpoint. why would shake shack do it? just for the money? >> there's no value. >> what kind of return would this be? danny meyer on the board. redo burger fast-food. that's really what they'd be looking to do. >> when pete said it's a tasty burger, what reference was that, quick? >> "pulp fiction", baby. >> that's a tasty burger. coming up, janet yellen getting set to testify in front of congress tomorrow about the timing of an interest rate hike. our next guest tells us the two screaming by the head of that event. more "fast" straight ahead.

investors looking for clarity from the federal reserve could get it tomorrow when janet yellen heads to capitol hill to testify in front of congress. how should she position herself ahead of tomorrow's speech in joining us now, larry mcdonald. good to see you. >> thanks. >> you said two screaming buys.

the first one is tlt. why? >> we have a model that measures capitulation. the last time i saw a score this good was really back in november with some of the gold minors. we talked about that. so you have a high amount of capitulation in the utility stocks as well as in the treasury names like the tlt. but if you look at what's happening with the fed behind the scenes, there's a tremendous amount of concern about the dollar. tremendous amount of concern about what's happening globally with china, with europe, and i think the way to trade treasuries, the way to look at the tlt is from time to time, the market gets off sides. and the last couple of months, we've had a lot of hawkish comments coming from certain fed governors. i think chairman yellen is going to talk yields down, the dollar down a little bit in the next couple of days because she's going to have a lot of opportunity to do so. >> so she's going to come out tomorrow, she's going to -- the market's going to walk away thinking that yield -- sorry, interest rate hikes are going to be farther off. >> yeah, exactly.

>> and so the buy is is the tlt. >> if she creates a more public perception of a dovish fed, that creates a bid for bond, a bid for utilities, and the dynamic is -- here's the really strange thing. if you look at fed funds futures, euro/dollar futures, and some of the fed statements, there's this sea change. like a sea of divergence. so the market is telling you that the fed is going to -- not going to hike so much aggressively than the fed statement. so a lot of people think by listening to the fed governors, they're going to come out and just start raising. i think it could easily be a 2016 event. >> you talk about utilities. this is a sector that rallied into the end of the year. people were literally tripping over themselves to buy the xlu, or buy some of these individual names. when you look at the individual names relative to the growth, they're really expensive. to me, it just seemed that as the market was breaking out, making new highs, the s&p, even

the russell 2000, it seemed they were left behind because investors were getting a little more particular about what they pay. especially if we have rates staeshlize around 2%. >> well, the thing is, just look at the tlt, for example. each time, the etf's been a buy. you've got a situation where it sold off somewhat. same thing with utilities. it's gone through this before. you're still in a bull market. but around this planet earth, 40% of the developed nations are negative yields. so that gets you a real bid for these kind of names. >> thank you for your time. larry mcdonald. karen? >> well, i prefer to have rates go up. so thanks for coming.

just because of the financial exposure that i have. but i hear what you're saying. i'm not positioned really though. >> how about the xlu? >> they almost go hand in hand. playing would you rather again. tlt. we had guy mcdonald. >> and larry mcdonald. all we need is old mcdonald had a farm and then we would round out. >> and my middle name is guy. >> come on! >> wow. >> crazy. >> got to go. too crazy. programming note. be sure to tune in tomorrow for special coverage of janet yellen's testimony on capitol hill, beginning at 10:00 a.m. eastern right here on cnbc. coming up, salesforce.com. that's next. just be gold plated. i had 3 different 401(k)s. e*trade offers rollover options and a retirement planning calculator. now i know "when" i'm going to retire.

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options traders don't seem too excited about the result of sales force. what did you see? >> the options market is implying about a 6% move, that's versus the long-term average of about 7%. options volume ran hot today. almost two times average daily volume. when the stock was basically

62 1/2, there was a buy of 7,500 in the march. 57 half puts. paying 77 cents for those. those break even down about 10%. when you think about it, obviously that trader is looking for an outside move. or looking to protect some stock that they possibly owned lower. this is a really interesting one. the stock has basically traded between 55 and 65 for the better part of the last year. it's just has this kind of big run up to the top end of this ban. when you look at the market and you consider the fact that certain major indices are breaking out, this thing -- this is a long-term chart. looks poised. this is about $70 to break out. when you think about the protection, possibly the traders looking for a breakdown of that level. i'm just going to make one last point here. i think maybe some of you guys saw this thing a couple weeks ago. but mark tweeted they had some sort of event. maybe it was a holiday party or delayed holiday party. but they just had metallica play for their employees. you don't go and lay an egg a

couple weeks after you have metallica play at a corporate party. i'm just going to say that. i don't know what you guys think. this one looks okay for a breakout. it's obviously a very controversial name. but you need to have a beaten rate for this thing to work because it's been in that long base. i could see, if you're going to miss, it goes to the lower end. i don't think that protection down 10% comes in play. >> you had me at metallica. >> liar. you couldn't name a metallica song. >> no, i'm saying -- would you agree with that, that you wouldn't have metallica play if you're going to have terrible results. >> i would actually have to agree with him. you better go big. >> how far in advance do you need to book metallica? >> exactly. >> do you know how much it costs? between 750 and a million dollars. >> i wouldn't do that. >> i'm with karen. >> for a lot of reasons. >> for more "options action", check out our live show 5:30 eastern on fridays.

come up at "mad money," cramer has an exclusive with the ceo of dow chemical. >> ten years ago, we were one product company. ethylene and petro chemicals. they followed us on the way up. today we're a consistent owner with 2/3 of the portfolio based on technology, and going in all sorts of different markets. >> do not miss that, and much more, top of the hour on "mad money." got your first look of tomorrow when we come right back. stay tuned.

time for the final trade. let's go around the horn. petey. >> i tend to think these rates are going up. because of that, wells fargo, giddy up, this thing's going higher. >> dan nathan. >> shake shack. i fully expect to buy it much lower. the thing's going to be volatile. buy it for your kids. this thing is beginning to have a much higher market cap. >> karen? >> i'm intrigued by that. what i like is micro kors. it sold off on the snafus, which hopefully now are resolved. i like it. >> guy. >> we have a lot going on.

>> always. >> the jacket. a nice green look. raytheon, look at these defense stocks. buckingham upgraded the stock. love lindsay buckingham, by the way. she upgraded. >> i'm melissa lee. thanks for watching. . my mission is simple. to make you money. i'm here the 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 try to friends, and my job is to educate, teach and coach you. so call me. or tweet me. but don't harass me. you know it's amazing, i think what is amazing is the fact that it has taken us