my state, it has hurt us in investing in latin america. it is always used as a reason they don't want to have the u.s. come in, so it is bigger than cuba itself. >> we'll have to leave it right there to hand over to "fast money." thank you so much for joining us. >> thank you. >> my thanks to the panel. that does it for us here on "closing bell." "fast money" begins right now. >> live from the nasdaq market site, this is "fast money." i'm melissa lee. your traders are tim, steve, brian, and guy. as the markets begin to take a pause ahead of nasdaq 5,000, we are taking a look at stocks close to record highs that it may be time to say goodbye to. plus, a landmark ruling from the fcc on net neutrality today. we'll hear from one guest who says now there is no hope for the comcast time warner deal. but first, we've got to start with a big move in oil. falling more than 3% in today's session after yesterday's bounce. this as the u.s. dollar soared against the euro. you thought this was a big deal?

>> yeah, to me this is the story of the day. the euro falling this morning when we had relatively better u.s. economic news. at least to the point where the market is saying maybe rate hikes are back on the table. you saw the euro fall, and then you saw oil start to fall. oil was down 5%. so what are the implications? we've already heard about fx headwinds from many of the multi-nationals. we've already had the conversations about what does this mean for the oil patch. what does this mean? you can see how close that correlation is. that was this morning. you can see how close the correlation is. it has been the story the last couple months. it's going to continue to be the story. this is why some people, like bk, are concerned if you start to raise rates and you get a rip on the dollar, you can cause a little deflation around the world. >> the impact was see in the oil equities. down by almost 2%. tim? >> i don't get too worried about this. but i think the dollar is going to go higher. i think if you look at what oil

has done, it's absolutely been as much about supply as it's been the dollar. so if you look at the spread, brent crude spread is continuing to widen out. look at the differential today. brent was not down near as much as wti was. it tells me global supply is not in the same situation as u.s. supply, but global demand, 2.2 barrels of demand in 2015 is a lot more than the market is pricing in here. i am someone that said oil is going to stay at these levels, or it certainly has put in a bottom. >> i'm glad you brought this. because that is where we saw the strength. >> when you look at the xle, the xle is still down. if you want to get that stronger dollar, as long as that continues to go on, refiners are beginning to be strong. but i don't even think you need lower oil prices for refineries to be strong. look at the charts. the charts are outrageous. they're so steep. i'm going in on this one.

if you look at the refineries, all of them look great. >> we talked about that since they reported trading down to 80. that's been on fire. i think it continues to grind higher. >> the oil volatility, although it feels as though we're putting in a short-term bottom, it's still elevated. the other thing we have to mention, the tlt did not trade well. it gave it all back today. i think i'm going to have to re-evaluate the lower rates. >> s&p, the cash levels. i've got to say it right now. >> markets beginning to stall. we thought we'd take a look at several stocks at or near all-time highs that may be time to say goodbye to. goodbye meaning farewell.

>> had very good numbers. slugging off everything that was bad news from last year. had it all going on, including not just canada, but the security breach. this is a company that's moved from 60 to 75 in the last say two and a half months. it's a stock that is fairly priced at this point. margins are something you should be watching. it's been a stock i thought was overdone. i don't need to do it anymore. >> it's a good take off its highs, but it's tesla. since september, this stock has made a series of lower highs. i don't think it's buyable right now. i think the competition is extreme for them. it's lost its mojo. i would still be a seller right here. >> for me, it's texas instruments. it also has huge exposure to a

stronger dollar. negative exposure, that is. they only get about 20% of their business here in the u.s. when you look at the rally this thing has had, when you look at the rally back from 2008 all the way up, we're now two and a half standard deviations away from the main trend line. for me, it's always a warning signal, at the very least, you want to start taking some profits here. >> strong move in this one. >> i think amazon. since reported earnings, it's basically had a $100 unabated move to the upside. we're pushing up towards the levels that we saw at the beginning of 2014. i think it's beginning to stall. just like it bounced off those previous lows, i think it's beginning to stall here at 400. i don't think you short the stock necessarily.

>> we saw a pair of stories. "the wall street journal" reporting that youtube is still not profitable for parent company google, despite its 1 billion users. go pro has been eyeing a push into the content space. could be a hint that the company is getting set to launch a camera of its own. joining us is the oppenheimer managing director. great to speak with you. >> thanks for having me. >> let's deal first with this youtube bit. my first thought was well, if google can't do it in terms of monetizing youtube, what do you think would be so easy for go pro to make money off of a content channel? >> yeah, no, we would absolutely agree. if you listen to the last earnings call, they talk about using media, using youtube.

more as a way to invite traffic to their devices, and less about monetizing content. i think anybody who's trying to value go pro on a media strategy doesn't fully understand the story and should really look at this as a hardware play. but i'll leave it at that. >> let's talk about china. it seems that they could be gearing up to launch this new camera device in the first half of 2013, is that going to be a problem? >> there are checks to indicate xiaomi was doing something, that looks awfully like a camera. one thing we think xiaomi has going for it is it's got a really great user base. a really good following in china, and other asian

countries. >> we think xiaomi -- they will have a very good shot at taking big share. the other reason why i think xiaomi's camera is going to cost you $100, $150, and go pro's cameras cost $300. i think this puts a kabosh on go pro. >> we had one of your competitors on earlier this week and he talked about the fact that there are a lot of add-ones. let's call it the doggie cam. that's where the growth is going to be coming from. where do you stand on that story? >> yeah. it's definitely accessories do

sell. i have accessories for it, but i bought the cheapest accessories, not the go pro accessories. i would just say it's tough to find an accessories stock. i don't think your afp are a lot lower. >> we're going to leave it there. an underperformed rating on go pro. perhaps no surprise. this has been a dog year to date. >> false breakouts to the upside. feeble each time. as much as i'd like to say you buy it here, i don't think you can.

i think you have to wait for a flush. >> if you call it an accessory company, it actually dilutes the multiple. >> you heard these guys talk about they were going to be a media company. when hero 4 comes out and they had tremendous follow-through, they said china was beginning to be a big market. there's allegories through other parts of the market, ie netflix, which i think is a technical company. >> to make the analogy, youtube makes $4 billion in 2013. $3 billion in 2013. that's still growth. so they're reinvesting in that company. they might be having an amazon moment. but i'd rather have it with google and youtube. google was up $11, $12. they're not spooked by that. coming up, it is official.

apple sending an invite to its spring forward march 9th event, which can only mean one thing. plus, a stunning reversal in 3-d printing. details on what was behind that big swing, next. and later, get ready. netflix's "house of cards" season three is out tomorrow. we'll hear from one guest who says the show is the single most important thing the company is doing right now. stay tuned. i'm type e.

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some conference calls going on concurrently, but jcpenney reporting below expectations for 11 cents per share. revenues slightly better than expectations, but stronger than anticipated same store sales of 4.4% for the fourth quarter. the retailer also guiding full year comps, three in the range of 3% to 5%. positive growth margin expansion of 50 to 100 basis points. mike ullmann said january was the strongest month of the quarter, and that he is "gratified by the start of february" which is ahead of planned despite inclement weather.

switching to the gap. on the top line, actually coming in line, $4.71 billion in revenues. the full-year guidance range for $2.75 to $2.80 includes an expected 16 cent negative hit from fx and 13 cent hit from delayed merchandise due to west coast port issues. and buying back $1 billion in stock. also upping the dividend. >> all right, thank you very much, courtney reagan. guy adami. which one do you want to trade? >> gps, i think. i know the fx headwinds are going to still be out there, but the port issue i think they'll get behind. so i don't think it was terrible guidance as it looks. i don't think the stock is expensive. the buy back will help. i think the stock's okay. up 41 bucks. >> apple officially announcing an advance. kicking off our top trade. it will take place march 9th in san francisco with an invite that simply says spring forward.

it will likely be the launch of the highly anticipated apple watch, which tim cook previously said will shift sometime in april. the stock is up more than a percent today. beakers. >> so listen, the stock's going to be up going into this event. obviously there's a lot of anticipation. the early reviews that i've read and heard are that it's not going to be that great, but the stock is up on hope. a couple other things going. you also had the potential for maybe increased buyback. here's what i would say about apple. everybody's going to get on my case, but bk's not a shrinking violet, so he'll tell you what he thinks. this stock is getting really, really tired up here. you have short interest falling. that's not a good thing. that means the shorts are covering and that means buyers are disappearing. you have a tremendous rally in this. and then you have a stock that was up on the day when they actually announced that they might build a car ten years from now. to me, that's very, very frothy. i think it's in the last legs of it and i would be a seller. >> why can't it be migrating

into the hands of stronger, longer term holders? >> i would say that if i didn't see people like david einhorn selling out of it. >> but the second part, which i think is fair, which is going into an event like this where everybody and their brother expects some sort of capital return something. and then this launch. why own it? >> right. so to bk's point, you want to see short interest start to build. you want to create that vacuum on the way up. you want to create that short spike. but i do push back. i'm still long on the name. as long as icahn is still there, the stock is probably going to 200. >> icahn is enough to keep in the stock. >> it is top heavy. if you overlay this with the s&p for obvious reasons, it takes the s&p everywhere. it takes the nasdaq everywhere. but i would say everyone was looking for new products. i still think it's going to 200. >> what do you think? >> there's nothing wrong with

this stock fundamentally. we're at september 2012 level where is they couldn't do anything wrong. i think you have one more quarter here. i think the refresh and the upgrade cycle, the hardware, carries you through. apple pay, nothing right now. the watch i think is underestimated. but the scale is very high. >> all right. next up. two drillers, transocean and sea drill beating earnings estimates, but both getting hit in today's trade. a $900 million trade on low demand. >> get it out of your system. >> everybody good? >> the quarter that should have been good enough to get a relief rally in the stock, you didn't get it. the sea drill quarter wasn't great. i still think if you're looking for a trade in one of these, you've got to earn seadrill. >> even after the outperformance versus some of the other drillers in the past month?

>> drirt cheap. it seems to be pricing in every aspect. including the petro bus that came out. >> if you look at the ultra deep water riggs, there's zero demand for these things.s, there's zer for these things. the cycle is so long that i think you're looking at a couple years before you see anything. meanwhile, both of these companies but rig have cash flow issues. that's why the stock to me is a don't touch. >> what about other consumer names that are ripe for a rally? tim seymour lays out one trade he's betting on. plus, the long-awaited third season of "house of cards" hitting netflix tomorrow. our own guy adami is getting a little too into it. earlier this week, i found guy snooping around in my office and acting really strange.

oh, hey, guy. what are you doing here? >> hey, mel. i'm just collecting my thoughts before the show. i'll be out in a minute. >> all right, hurry up, we're getting started. show time. >> okay. >> let me clue you in on something. mediocrity is where the world lives. it's the elephant in the room. but it's a dog eat dog world out there, and i will not be mediocre. say i'm mean, selfish? too bad. the anchor chair will soon be mine. she has no idea what's coming. >> it's great when someone says to me, hey, you guys simplified the markets for me. >> when my grandparents came to this country, they couldn't even speak english. they owned a laundry. they worked really hard. the first stock they bought was

ibm. the stock market is a deal for anybody to achieve the american dream. >> you don't have to be a lifelong trader to watch the show and make money in the markets. that's what we're here for. >> i want to deliver and move on. >> "fast money" on cnbc. anything? no. you? no. aflac! what are you guys looking for? claims! legend has it these hills are full of 'em. it can take months for an insurance claim to surface. claimin' takes patience. aflac paid my claim in one day. they got some new-fangled kinda one day payin' machine? hehehehe

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we've got an earnings alert on herbalife. >> shares are pretty much flat in the after hours trade. the company did post a mixed earnings report, earnings per share came in above estimates at $1.41. consensus estimates were for $1.42. revenues came in at $1.4 billion. weak sales for the first quarter and for the full year 2015. that decline mostly due to, what else, global currency fluctuations. we have seen some of the air come out of the trade in the after hours. >> it really seems like when you're trading herbalife, it's really all about interest and where is it going on the activist side. to be talking about fx concerns to me is something that's a bit of a red herring. the stock looks like very good

support, but i wouldn't want to own here. >> the 2015 guidance was awful. i mean, they took it down by almost 15%, 20%. so i think the stock -- if you had a nice bounce on -- i think it's in the next leg lower. >> huge reversal in 3-d systems. the stock initially fell after missed estimates moved to the upside after recent acquisitions will boost its 2015 profit, and then lost those gains end of the day virtually flat. so what next? >> the way i would play the 3-d printing world is i would still play with it the hewlett-packard pullback here. it was a huge move. so i would play it with hewlett-packard. for me, the conference call, they said they were going to slow the pace of m and a activity. they acquired ten companies in 2014. they were saying all the right things. the chart doesn't look great to me. it's not impressive. the whole space i'd rather be in hewlett. >> that reversal is terrible. still lives in your drawer for the long term?

>> yeah, i know this is a factory in a box. here actually i think triple d is not that bad. it's been bouncing around 28 on the low side. i think it's not bad to get into it at this point. >> are you snickering because you disagree? >> you're living his draw. >> he says put it in your drawer and wait. >> apologize. >> in other words, you put it in your drawer and forget about it. it's called a rogue trader. >> oh! >> right? >> putting your monkey into orbit. give me a break here. still ahead, the federal communications commission voted in favor of net neutrality rules. we'll hear from one guest who says there is no way, no way comcast and time warner can get a deal done now. plus, gearing up for netflix's big release of "house of cards" season three tomorrow. speaking of "house of cards," guy is getting overly excited about tomorrow's season three reless on netflix. just like the show's main character frank underwood, it looks like guy has a sinister

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still ahead, we know you're all geared up to binge watch "house of cards", but before we do, we're giving you the conclusion to our "house of trades" series. we'll hear from the ceo in an exclusive straight ahead. later, the retail stock that traders are betting has more pain to come. now, the moment you have been waiting for. a few hours away from season three release of "house of

cards" on netflix. it's clear that guy has definitely caught "house of cards" fever. he's been acting all weird and strange all week. let's see what he was actually up to. >> i finally made it to the anchor chair. they said my bark was worse than my bite. they were wrong. i've been waiting to say these words for a long time. live from the nasdaq market site in new york city's times square, this is "fast money" and i'm your host, guy adami. >> guy. what are you doing? >> sorry -- sorry, mel. >> and as you can see how it turned out, i'm here sitting in my seat. it was tremendous. >> and the crew. >> i say watch your back, mel.

>> you never know. any time you want, guy, let me know. >> the "house of cards" season three debut isn't the only story impacting netflix's stock. the fcc approving new rules which treats internet service like a cable utility. that means cable and broadband companies cannot charge for more like services like netflix. rich greenfield is following the news for btig. comcast is a parent company of nbc universal. rich, good to see you. >> thanks for having me. >> you say the merger will not happen? >> well, look, i think today was a big win for netflix. there's no doubt that there was a real populous uprising. if you listen to the actual comments that the fcc commissioners made today, including the chairman, it was all focused on what the people said, no matter whether these were actually robots auto dialing, it doesn't really matter. to them, the reality is what you actually heard was the fact that they took the fact that this was what the public wanted.

the public didn't want us to have no rules of the internet. they wanted there to be a far greater regulation of the internet. those same groups and organizations that really drove this are the same organizations that are campaigning very aggressively, including netflix, to stop the comcast-time warner deal. i think it's very hard to separate the two when you look at what's going to happen to this over the course of the next few weeks. the spread is very wide still. >> right. so it's on. >> i think it's either going to get blocked -- remember, comcast is doing great. comcast is doing just fine without time warner cable. this was always a deal that was a once-in-a-lifetime opportunity, but comcast isn't going to put themselves in a position where they're agreeing to things that the rest of the industry is not going to be hot to deal with. so they're not going to say okay, this is the new document. we are going to accept everything in this document and then it gets overturned in

court. verizon is in great shape and comcast has to deal with this document. i just don't think it's that important to brian roberts. >> let's pivot now. talk "house of cards." how big is this going to be? are we going to get numbers over the weekend or on monday that's going to cause a pop? >> well, makes everyone's life a little bit easier. netflix doesn't release any numbers. so all we know is that the return of house of cards last year actually had far more of an impact on new sign-ups than season one. and that makes sense. nobody really knew what it was beginning to be in season one. the hype obviously built over the course of the following year and there was a built-in install base. i don't think this one show is critically important for netflix. i think that's important is that this is kicking off a massive year in content for netflix. if you look at the number of shows, basically every four weeks, the six of us are going to have something new and fresh to watch on netflix. house of cards like quality. daredevil from marvel disney.

you're beginning to see a lot of content. >> what's the next catalyst for this? are we going to see a price increase? >> i hope not. >> they point to the fact that they've seen price increases happen outside the united states and it hasn't slowed down growth. so we've looked for international growth to be the catalyst. is there a chance that you'll see some type of a little bit of a tiered level in pricing so that we can start getting wind at the back again? >> i think you've got two major catalysts. one, domestically. just seeing solid continued subscriber growth. seeing four to five million subscribers come on in the u.s. despite being larger than hbo, going to be seen as a really important data point. just seeing that continued growth being driven by new programming. the second real one is what you touched on by saying international. look, this stock cratered. this thing went from 450 down to 320 in a heart beat in october on panic that the international growth story had hit a wall. as they came out, and the international growth story looked very good as you got through the fourth quarter, they've now said they're beginning to open up the rest of the world by the end of 2016.

you're looking at a company that we believe is beginning to go from 45 million subs today by 100 million to the end of 2016. i think seeing that international growth actually play out, that's going to be the real catalyst. the pricing point is going to take more time. i think you're going to see them raise price. it's too early. >> thanks for coming by. >> thanks for having me. >> frank underwood down here. >> did you see that? that was pretty hot, right? >> you try to take this seat. >> i like being on the hook out here. >> rich might be right, 600 dollars. that's up 20%. i think if you're trading the stock, you trade it against the highs we made in the middle of 2014, which is effectively these numbers right now. look for a pullback. >> what if there's beginning to be a season two of "house of trades"? >> you only hope. >> time now for pops and drops, big movers of the day. >> this stock, i've owned it.

i'm out currently. it can't get out of its own way. i'd rather wait for a couple of days to trade above that 38, $39 range. >> pop for zillow, up 3%, tim. >> the demographics something that puts these guys way ahead of the curb. this is a name that i do think looks interesting with a good base. >> didn't work today. bad earnings on wday. and actually, right up against a resistance area at 96. i would stay away from this one. >> sempra, another pop. >> how well it traded off that secondary reported earnings today. it has a health care conference march 2nd. you own the stock into that. >> and a drop for rob ford. ever wish you could dress canada's most famous ex-mayor? now you can if the price is right. rob ford has taken to e-bay to auction his most memorable items. included is a football tie,

which ford says is the only one in existence, currently going for more than 5,000 bucks. other items include a pair of used pajamas and a canadian football jersey and size quadruple extra large. the proceeds will go -- part of the proceeds will go forward cancer research. used pajamas. so appealing. >> what does that even mean? >> used. >> left to the imagination, who knows what that means. >> not my imagination. >> mcdonald's up again today, gaining another 2% for a big run this week. this got tim ready to make a move on a related consumer play. tim? >> part of my view is i'm making a comparison to mcdonald's. big multi-nationals that have been iconic brands that were harbingers of global pushes. mcdonald's seeing change. i think the same is happening for coke, a company that's been sluggish the last two years. coke to me has catalysts in terms of how they are cutting cap ex. they will be making acquisitions

of some kind. we've seen what they've been doing with green mountain. we know what they've been doing with monster. i think it's a company that's undervalued. i think with the activist environment out there, it's another place where people will be saying lever up this balance sheet, it's underrated, and they're probably calling me now, excuse me. it's a place where i think you can make a play. i was long on the stock. i got longer. i liked the direction here. i like the technicals and the dividend. >> coke? >> you know what? i think i'd rather go green mountain, primarily because of the acquisition. i don't disagree with what tim is saying. i think he makes excellent points. i just think there's a little more juice. >> mcdonald's. second day in a row. it's a real powerhouse. bottoming the stock now? have we seen the worst? >> it feels that way, right? it's still in the prove me stage. i think there are better places to be in that space. i'm with bk, though. gmcr. after that report, stock traded down to 114. we talked about the possibilities for more coke headline stocks. i think that's where you get your beta. >> i go this way. pepsico, i go there. and then i go jack in the box.

i go jack. much nicer. >> when you said i would rather go other places -- >> dan nathan did that whole soliloquy on should buy shake shack. should buy qudoba. >> they owned chipotle. >> they messed it up. think of where mcdonald's stock would be if they still owned chipotle mexican drill. >> you think they should sell to mcdonald's? >> i'm just saying. >> it's frank underwood. coming up, a bit of a shocking quarter for taser manufacturers. used by mostly police forces. the stock getting shredded into today's trade, an exclusive interview right after this break. we live in a pick and choose world.

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guidance in its earnings report. for 2015, the company expects earnings per share of 40 to 70 cents. the average analyst estimate was $1.43, so that huge, huge underperformance on the guidance. the revenues also missed coming in at $328 million. average analyst estimates at $333 million. the company's turnaround will take longer than they originally anticipated. they also see, again, aggressive steps to right size their cost structure. they're going to embark on a $100 million cost savings initiative, so all of that on balance. you can see those shares down by 15%. back over to you. >> thanks, dom. you would have thought this would have been a good quarter for any sort of weight loss company. >> these guys have been sick since the last quarter and it's getting leaner and leaner there. the stock's down 50%. it's a value trap. delayed laugh. >> it wasn't funny anyway.

>> ha ha. thank you. that wasn't fake. >> i wouldn't touch it. >> we believe in our underlying strategies, that's what they said. if our underlying strategies is to make the stock go from 60 to 15, then they're doing really well. to tim's point, other than the 70% short interest, whatever it is, there's no reason to own the stock. >> all right. shares of taser getting hit in today's session. the weapon and body camera maker falling 16% on earnings. let's bring in rick smith. great to have you with us. >> thanks. good to be here. >> it was an eps miss on inventory. revenue strong across the board. analysts like the revenue number. higher expenses seem to be what spooked the street. sgna, r and d will go up, this in order for you to grow and take market share, protect your dominant market share. can you give us color, though, on the trajectory of those expenses and how long they'll continue to be elevated? >> sure. well, you know, we're running two very interesting related businesses. we've got our core business, the taser weapons, it's growing and generating a lot of cash and

highly profitable, but we have this new exciting cloud and wearables business that most people think of the body cameras, but it's really the back end is most interesting. that business segment grew at about 370% pace over last year. so as we look at that, we see very strong indications that now is the time for us to continue to invest in the growth that's happening. this is not speculative growth. we have the opportunity to really dominate. we've won every major city in the past 12 months, and if we do it again for the next 12 months, we think it's close to game over, so this is the year to put down the pedal, and we believe we can be an absolutely dominant player and own this space. >> and you're seeing some traction in terms of sell-through. those that buy the camera tend now to buy also subscription for evidence.com, so there is that aspect of selling through and then capturing that recurring revenue stream. can you update us, though, now on some of the pilot programs that have gone on across the country, some of the biggest law enforcement divisions such as the nypd, right here in new york, and whether or not they

plan on wider scale adoption of the camera, and then therefore you can sail through the evidence.com. >> i talked about one that just happened. lapd just went our way and they ordered a little under a thousand cameras and have announced that this year they're planning to go to full deployment, with every officer at lapd receiving one of our weapons and cameras. new york i can't comment on. i can't comment on the big agencies until they've come out with their own decision publicly. based on l.a., we're really excited about what's happening in the big agencies. >> you mentioned wearables. right now all the rage is putting a camera somewhere on your body and capturing all sorts of cool stuff. go pro is a stock we talk about very regularly, so when you think about a device like you're selling to police forces, cameras that you can mount on your body that are light, that capture great video and then go into a cloud, you think well, maybe that can be a disrupter. is there any intention or any thought of selling this to the

consumer space? >> not at this point. go pro makes great cameras for the consumer space. where we are dominant is in law enforcement. and it's not necessarily because of our camera, although we're very proud of it. it's the whole ecosystem of how you take digital video into a police agency, share it with a district attorney, and all the security and special data handling requirements there. that's a space that we currently are dominating. we're at the tip of the iceberg right now. so we're beginning to stay very focused on the space that we know well and continue to play where we have the home field advantage. >> it seems like that would be an easy switch. the way you talk about this ecosystem, it's the same thing that apple users love about apple, and that is that it creates an ecosystem. you capture the video, you can share it with your friends, your network, and you can upload it in the clud. there are some similarities there, aren't there? >> for sure. our expansions are more in the

area of enterprise use of video. more so than consumer. where we really shine is where you have lots of users and complex work flow that happens with that video. that's the problem that i think we're uniquely good at solving. >> all right, rick, we're going to leave it there. always great to see you. thanks for yur tiour time. >> rick smith, ceo of taser. whacked today. >> overreaction. i think it's a total overreaction. you kncan't drop this kind of a impact. i would probably be nibbling. not tomorrow, but it's a great company. >> we see this movie over and over and over again, where you have this high growth company. they decide to ramp up spending and then the market freaks out about it. >> saw it with this company in 2005, i think. i do think you can trade down.

21-ish. a recent high of $28. but there's a big enough shortage. >> evidence.com is an incredible growth vehicle for ♪

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♪ ...manage your appointments... [ dog barks ] ...and check your connection status... ♪ ...anytime, anywhere. ♪ [ dog growls ] ♪ oh. so you're protesting? ♪ okay. [ male announcer ] introducing xfinity my account. available on any device. urban outfitters popping on details of a buyback. >> we've got a move about 3% to the upside. relatively light volume. 13,000 shares traded. it will initiate authorization for up to 20 million of its own shares. this is in addition, it's got 2.3 million shares still remaining. so again, a very interesting move here. the latest in a slew of companies that have boosted

their buyback and/or dividends together. urban outfitters saying they're going to buy 20 million of their shares back throughout the course of the next few at least months and years. back over to you. >> thank you very much. abercrombie shares fell more than 3% after morgan stanley downgraded the stock and some traders see even more pain to come for the retailer. mike has the action. >> we saw three times the average daily option in the actions of abercrombie & fitch well ahead of the earnings which are slated to be released next week. normally this stock does move on earnings. it's averaged just under 7%, but this time options markets are anticipating a move almost double that of about 13.5%. most of the activity that we saw today was actually concentrated on the march 13th expiration, 18 strike puts over 15,000 of those traded and about 20 cents. think about that for a second, because for those to be profitable, abercrombie shares would need to fall about 25%,

between now and two weeks from this coming friday. so options traders obviously very concerned about this upcoming earnings release. >> interesting tale of two team retailers, between this one and urban. we also got a decent quarter, some are doing well and some are floundering. >> abercrombie just can't get out of its own way. around these levels, people start talking about a leverage buyout, or they start talking about some type of a takeout or takeover. but it just really seems like people have lost total interest. i wouldn't short it, but it wouldn't be a buy. >> talk about fx. i mean, the european business is one of the few good places for these guys. it's a no touch. >> mike, thanks for that. for more, check out our live show, 5:30 p.m. eastern time on friday. meantime, we've got your first move tomorrow when we come right back. stay tuned.

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it is time for the final trades. let's go around the horn. tim. >> back to coke. they are addressing the challenges, they are restructuring, they are diversifying. they can lever up this brand. it's a great time to earn coca-co coca-cola. >> google had a tough time going into the year end. it seems to be lifting its head up a little bit here. up 5% year to date. i'm still in it. i'd still continue to buy it at these levels. >> brian kelly. >> from where i sit, the dollar is the story, in the next 30, 60, 90 days. why not hedge that position and buy euo. that's been short euro, long dollars. >> guy? >> i love that. that was kelly clarkson. you remember? >> somebody told you in your ear because you had no clue. even right now, you don't know who kelly clarkson is. >> first year of "american idol," she beat that dude with the creepy curly hair. >> you only know that because pete najarian told you. >> that was diabolical.

>> facebook! see that little move facebook's had recently? it's pushing back towards 85. >> i'm melissa lee. thanks for watching. see you back here tomorrow again at 5:00 for more "fast money." do not go anywhere. "mad money" with jim cramer starts right now. my mission is simple, to make you money. i'm here to level the playing field for all investors. there is always homework and i promise to help you find it. "mad money" starts now. i'm cramer, welcome to "mad money." welcome to cramerica. my job is not to entertain but teach and coach you so-call me at 800-743-cnbc or tweet me @jim cramer this morning, this morning i woke up on the wrong side of the bed. i just felt like