danke schoenn is all i can say. time for fast money. what do you got on tap? >> kelly, by the way, have a great trip to las vegas. i hear it's your first time there to sin city. so. >> true story. 24 hours. >> fast money madness is on tap and tonight, we've got the match-up. microsoft versus cisco. we'll see who wins that bracket. >> okay, straight to you. >> thanks, kelly. live from the nasdaq market items overlooking times square, i'm melissa lee. karen finerman. banks that lend, taking a hint and the euro. speaking of europe, major protests at the european headquarters, anti-aus terry protest leaving dozens injured. the fed removing the word patient from its statement but sounding a dovish tone that a rate hike will not be in the

near patient. >> just because we removed the word patient from the statement doesn't mean we're going to be impatient. we consider it unlikely the economic conditions will warn an increase at the talk in the target range at the leading. this change does not mean than an increase will necessarily occur in june. although we can't rule that out. we noted that export growth has weakened probably the strong dollar is one recent fourth at overall measures of equity, valuations in the high side. but not outside of historical ranges. >> big rally today. a lot to unpack. start off with seeing the overall market and the energy space. a lot of this is the old bottomed decline we saw in the u.s. dollar. something they took down their economic outlook, especially to job own the dollar down. >> we talked about this last

week. what would it look like if the fed came out with more dollars and we talked about focused on inflation. and i think that she probably spent about half of the statement talking about inflation, inflation expectations and the fact that the fed is not meeting on that mandate. to me, this is what the fed needed to do. whether you agreed with the monetary policy or not. they needed to remove the patience but say, we're going to keep monetary policy for loose and long. that's what the market did right today. the market took it that way. stocks rallied, commodities rallied. everything rallied because they continue to blow the bubble and the party keeps going. >> they continue to blow the bubble but did they say anything we didn't already know? i mean, they're saying essentially sometime after april. >> it's a focus on inflation that's the change. they never mentioned that. >> all clear for stocks in your view? >> no, i don't think it's an all-clear for stocks. i think you get a rapid rewind.

all the trades wound up having the whiplash effect. you saw the euro just spike higher. the dollar spiked lower, basically the energy complex is loving it for the day. i don't think it lasts that long. unwind it the next couple of days. it might take a couple weeks because we see that. >> i thought that with energy stocks, it was interesting because we saw them move higher relative to the rest of the market, even prior to the fed meeting. down 2% and energy stocks showed stability. take a look at the integrators and higher across the board. i don't know what you made of energy and whether or not that gives you any sort of belief of stabilization there. >> the energy, the action in the oil space hasn't been great for maybe a week or two now. i thought we seem to have broken down outside of it. i don't know if this is enough to give us a floor in energy. maybe, you never quite know what turns something at the end.

but i thought, we were trying to think of synonyms that could use for patient but remove the patient language. >> not in a rush? >> i don't know. maybe this is it. because it has the same effect, i think. >> so need to be data-driven is another phrase for patience, essentially. >> all this could be reversed, if in fact, we see data. >> that's what she said in the q and a portion. we saw the rise and basically session highs off the fed but look at the refiners in particular. that was insane. >> absolutely. >> even after oil reversed and went higher and the spread narrowed, we saw the refiners continue on. >> that was a market and fed that said patient, not impatient. that was the thing we kept hearing, like that was the catch phrase coming out of what miss yellin had to say. look at the oil reverse and the

industrials. a lot of different areas in the market were the yields so strong. health care, technology. you see a big trend going on here where folks started saying, you know what? the fed has removed the word but they've also not told us, hey, look. this is happening in june. obviously, this is something they're monitoring and people that want yield or chasing yield, you could see that ten year going down underneath. >> utilities going up. rates going up. >> absolutely. all of these things go up. so do you truly believe -- they're hard pressed here. >> utilities. >> forever. if you established where i am on my price with my dividend in there, i'm still above water on my price. so i'm still staying along because i think ultimately if they get pigeon holed into raising rates, which i'm not sure when it's going to come, they're going to push us more likely into a recession. that's when utilities become valuable. >> pete mentioned material stock. look what steel stocks did today. you had these stocks up.

>> they got crushed in the last two seconds. >> people start looking for the relative value. >> not flowing. >> okay, maybe. >> lots of specklators who were very right with the options yesterday and even into this morning into the fed today. >> let's talk about something that did not rally today. we got a major buzz kill for the banks that lend. specifically, mostly the regional names. you saw happening in the kre, the s&p regional bank index and also saw it in citi and bank of america. relative weakness compared to morgan stanley and goldman sachs, let's say. >> the net interest margin isn't as crucial to them. i mean, i still like bank of america, citi bank and j.p. morgan which eked out a tiny gain today. going into this kind of rally, the risk/reward saying citi is down a few basis points in the bad case scenario and potentially up a lot in a good case scenario. today, citi is good to own here. it's not expensive.

and yeah, it's a buzz kill sort of on a day like today, but i'm happy to. >> if you take a look at huntington bank shares or sun trust, those really -- it seems like the banks that led, they will not only get the net interest margin that they need but possibly the economy is slowing down and won't have the lone man. >> possibly. we'll see how this whole thing plays out. dominic chu had a piece about kensho's reading was five days out of the financials, they're one of the very best performers over 1% over a five day period. that's a kensho stat. that's not my stat. i liked what a lot of the financials did. goldman sachs had a great reaction today. it depends where you are in the financials and which ones you're picking. >> the dollar index having a daily drop since 2009. the euro surging on the fed decision. the fed said this could put a meaningful dent in the dollar's upward trend. the man ranked number one in

strategy by institutional investor three years in a row, yens nordvik. good to see you. what's going to sort of derail this rally? >> i think what we learned today was that the fed cares greatly about the dollar. they don't want to say it too explicitly but their forecast, what's changed since december is the fact the dhar had a huge mo and we see them take their own interest rate projections down significantly, both for this year and next year. so they certainly care and i think a lot of people in the market were unsure how focused on the dollar are they and they're focused on it. >> does it give you confidence to go to clients and say it's time to either at least take off u.s. dollar but go short the u.s. dollar? >> i would say we've had a huge dollar move since last summer. so it wouldn't be a big surprise if we had some correction at some point. so definitely be more careful. i think you want to split up rather than talking about dollar

on a global scale. you want to split it up. maybe the euro can continue to go down for europe's specific reasons but against other crl be much more cautious now. >> yens, part of the reason for the utility rallying is having lower rates for longer, ten year yield under 2%. th that floats into commodities. the question for stock market bulls, are we going to japanese level on rates and if we are, does that then mean, hey, you want to be in stocks? >> i think the first thing i would say is that june seems pretty unlikely now. i think they've told us, okay, the dollar is a head wind and they're going to go later. so that's a helpful thing already. the question is, are we going to start to put down to around september as well? that is something we don't know for sure. i think it's something very data-dependent. i don't think we go to japanese yields quite yet but lower than we thought in the statement

today. >> let me ask you. do you think because they seem to be focused on the dollar, is there some level that is problematic for them? say, all right, we can't have it go past where? >> well, i would say i think we can almost view it as a circuit breaker, right? we've taken down the interest rate projection so much today. if we had another rally, i'm not projecting that, but the next three months, there would be no hikes this year. that's why it works as a circuit breaker and that's really important to know. >> we showed at the top of the show some video of the anti-austerity protests in europe. does this put political pressure on the ecb in any way? >> i think we are clearly having a great deal of discontent across the euro zone and see in the greek election. this is something to follow very closely. there's something to derail the improvement of financial conditions in the euro zone are these political developments. the election of spain is crucial if we see this degree of instability across the euro zone

on the political front. that is pretty important. >> that sounds kind of terrible, actually. if there is that sort of instability on the level of a greece in europe and in frankfurt, particularly, that seems like that would set up pretty poorly. >> so i don't think we have political instability in germany but obviously this protest reflected there is a great deal of opposition towards the policy framework and i think the key of spain, they have an election coming up. they have local elections sooner. if there's something happening there that smells a little bit like what we see in greece, that's a pretty big deal. >> let's just button this up with the trade. where will you see the most juice, in which cross? >> so i would say it's going to be against the merger market currencies, for example, against mexico, rise above 15. we could trade substantially lower if it looks like the fed is on hold for now. >> u.s. dollar parities, does that get changed in any way? >> i tried to avoid this parity

thing in my forecast because everybody is so focused on that number. i think we have to watch the momentum very closely the next two weeks. if we go down in euro dollar despite what happened today, it tells you the flow out of the euro zone is to forceful, it will continue to go around no matter what said. >> jens nordvig. thank you. >> i've been short ewc because you see oil coming down. it's part of what jens was saying. if you don't see a correction, the u.s. dollar could go lower versus the canadian dollar, which would actually be very popular for ewc. the way is to buy ewc. >> draghi came out and credited lower euro and lower oil for his increased forecast for gdp for the euro zone. i think you'll see that trade reverse quickly because he's got a jawbone on the side of the weaker euro and the weaker dollar on our side but quick,

those wealth management stocks, etrade, wealth management, if off the table, those are not a buy. >> big move for starbucks today. rallying nearly 2%, announce a 2 for 1 stock split. first split in nearly a decade. ceo howard schultz sat down with jim cramer moments ago and the controversial race together campaign. >> i go and get my triple venti cappuccino. i never noticed if they were african-american or caucasian. now i do. is that good or bad? >> in all fairness, i don't think that's the question. let's first look at the situation in the country today between ferguson, madison, wisconsin, new york, cleveland. the country is being torn apart by racial injustice and a level of racism that we haven't seen publicly for a very long time.

i think starbucks has had a long history of recognizing that we have a national footprint and we want to answer the question in the affirmative, can we use our skill or good? all we're trying to do is potentially do something catalytic to start a conversation. we don't want to be intrusive on any level. a, if a barista does not want to write on a cup, they don't have to and the customer doesn't have to accept it. but writing on the cup is a small piece of this overall strategy. the big piece of the strategy is starbucks and usa starting friday creating real content that will help all of our customers understand something. and i think this is vitally important. whether a person wants to admit it or not, we all have some level of unconscious bias. and if we can approach that with a higher degree of empathy, compassion, and understanding, it will go a long way to bridge the divide. >> we should note, the full

interview with howard schultz will air on mad money tonight, 6 p.m. eastern time and coming up, we will take you live to the scene of the shareholder meeting out in seattle. we'll have more of fed ea's ral of today's decision and apple, will it be good or bad for shareholders? one of the biggest events in biotech happening on friday morning. we'll tell you what it is and how to position yourself before that data is released. and a signal for baba. the stock is holding strong. is this the time to buy the stock? that's coming up on "fast." ♪

i'm almost done. [ male announcer ] now you can pay your bill... ♪ ...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. big day ahead for apple. officially becoming a dow member. first trade kicking off tomorrow at the open. steve, is this the death nail for apple? >> i don't think so. there's been studies on this. anything that creates more eyeballs looking at your name is a positive thing. i think the important thing to look at apple going into the apple watch, an overbought status. worked out. i sold my stock. i would not be a buyer of apple until it crosses over that $133.60 level, the old recent

high. when i say old, it's a month ago. i would not buy it until it gets there and breaches across it but right now, no man's land in apple. >> liz said it seems like there could be all these catalysts. we had the watch, fine, apple tv, another one. we could have an increased capital return and then earnings. it just sort of winds up. >> i don't think you bet against apple but not just buying it because it's going in the dow. probably sideways for let's call it the next month or so and then see. i think there's better trades than apple. doesn't mean i hate apple. just i see better trades. >> i view it as noise. this dow -- >> i thought you meant bk. >> no, it's not the event to try to get in front of or buy. >> apple's a trade. >> i'm long, so. >> you consider trimming, didn't you trim? >> yes, yes.

but this, to me, does not make my change my decision in any way. i don't think one should trade in front of it. >> next up, back to starbucks. starbucks holding annual. our own jane wells is live in seattle with all the details. jane? >> hey, melissa. let's get to the financial developments. starbucks announcing a political change adjustment. as of march 30th. sixth time they've done a split. first time in a decade. second, new delivery service was will be tested out in the second half of this year. one in seattle teaming up with post-mates and green aprons in new york city that will debut inside the empire state building. also, the app is going to be tweaked so you can both order and pay. third starbucks signing to roll out, ready to drink beverages. there, nah, the second fastest growing market. more than any other starbucks in the world in shanghai but an

hour of this three hour plus meeting was devoted to this race issue that jim cramer was asking howard schultz about. jennifer singing hallelujah. plans to hire so-called opportunity youth and on friday, you'll see this 8 page insert in all usa todays and starbucks stores. how much this cost? no answer yet and inside stores, you'll see this barista's race together on cups. they don't have to do it. it's not mandatory, you can ask for another cup but thinks it can do good. >> starbucks seems to promote, you know, socially progressive things and i think that's a terrific thing. >> it doesn't bother me. i think it might be a good thing. >> i'm kind of mixed on that. i don't know how baristas will have time to have conversations. >> there's always time to make that extra effort and have those conversations. >> multitasking, the bottom half

of your body is doing all this stuff and your head is thinking. >> solving world problems. >> exactly. making coffee and solving problems, day in the life, right? >> reporter: well, that is the hope, the reaction on twitter was swift and severe but schultz is committed. shares rocketed after the stock split was announced. in the q and a session, which was hilarious, schultz admitted starbucks has, quote, screwed up gluten free and plan to try to fix that. >> quick question, jane. are baristas expected or hoping to engage customer? er. >> they are encouraged to write race together on the cup. if the customer wants to say, let's talk about it, they are encouraged to make that latte and continue the conversation. if the customer doesn't want to talk, maybe they will talk somewhere else. >> all right, jane. thanks for that round-up at the

starbucks. that sounds like a huge liability. takes one barista by accident to say something insensitive while they're making a latte. >> how are you hiring a barista that has to change anything? investors in the stock are more concerned and excited about that app, because that's cool you can order and delivery but now order show up and that's waiting there on the pickup line. i think that's pretty cool. >> i thought that one lady's comments, do they have time to do this? is a really good one actually. >> i wonder if their productivity is going to go down. up next, a major announcement from biogen coming this week and what could be one of the biggest news making events this year. and the lock-up exploratioexplo. stock ending on double the average volume. is this the ultimate buy sign for baba? stay tuned. be asked is question that needso

"what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do.

time for unusual activity. go to pete for that. you're watching rad. >> it's totally rad. this stock had incredible activity in the april 9 call. stocks above $8 a share in this range for a while between 5 and 8. above 8 now and suddenly, someone buys $167,000 total. $81,000 in the largest print early on. speculation, upside obviously. this has been rumored for a long time, potentially as walgreens interested. is anyone else interested? we'll have to see. >> are you in it? >> i am. that was off the charts crazy. >> get it, hit it. >> get it, hit it, and giddy up. >> presenting data on

alzheimer's drug this friday. calling one of the most anticipated bionews teches of the year. meg tirrell has got the details. >> this has taken on significance for all of biotech because the sentiment comes together and alzheimer's, more than 5 million people in the united states is alzheimer's, more than that, obviously worldwide. sixth leading cause of death. a huge problem to solve and there's been a lot of failures. we have no drugs that actually fix the underlying causes of alzheimer's disease. so what that is thought to be related to are these build-ups of amyloid plaques in the brain and in september, reported data from early stage study just looking for the safety of the drug and they shocked everyone with showing signs of efficacy, with the amyloid plaque build-ups and the cognition. people losing memory, not thinking as clearly, they showed a statistically significant benefit stemming those cognitive declines. now what they'll release on

friday morning are the full results from that study. what analysts look to see is how significant were those results, are they pointing in the right direction, is this real? did they see such a great effect in such a small study? and they said based on that data, they'll move directly into phase three. so it's looking really good. there's a lot of expectations here. analysts say if the data are really bad, really miss expectations, the stock could drop 20%. if they're really, really good, it could go up 15%. this is a $100 billion market cap company, so these are huge moves. >> are the results binary, anything they could come out with in the middle? >> there definitely could be in the middle. often, that's what we see. this happened with another program called anti-lin goe. kind of a mixed results. analysts say if there's a 20% to 30% improvement on the slowing on the cognitive decline, that will be a tremendous success and consistency across the end

points but it's possible you'll see one thing looking really good and another thing really bad. side effects, they sell what's called aria or imaging abnormalities to removing the plaques from the brain. they look to see if those are manageable at the highest doses later in the studies. >> who else in the base, which other stocks could we see move if, you know, it releases good or bad data? >> it's so interesting. eli lilly is really pursuing a similar strategy in the space in a drug that aims to also remove the plaques. roche is also in the space. lilly had a tough time a few years ago when few of its phase three trials looked like they failed but what they saw in pash patients with early alzheimer's disease is it worked. maybe there hasn't been as much damage and removing the plaques, they can still help them. so lilly is working the space and they're in a third phrase trial now. >> thank you, meg tirrell, our

biotech reporter. the etf today, new high. biogen, ida. a new high. >> i'm in the big pharma names and not as much as bioteches because incredible pipelines and start looking into what they trade. biojen, just on the hope for something in these phase threes but i tell you what. it makes me nervous when i hear you say 20% down potential if things aren't so great. that's a pretty big hit to the stock. right? >> yeah, if you look at the items, come back to this. you just quoted, ibb up 17% to year-to-da year-to-date. but if you look at ibb, biogen is number one and then gilead and a.mgen.

if you're in the name, you're going to shoot urs yo if it's up 25%. >> that's what -- >> i've been playing the sis si way up a long, long time. fdt and fbl. >> after the break, big day for alibaba. the stock holding on to gains into the close, so it's bottomed out. mark maheni in the house. where might the real value lie in the market? our own bk dives into one active class you should be buying into. that's next.

still ahead on "fast money," the fed fueling a major rally in stocks. one trader said there's more money to be made in another asset class and a buy signal for alibaba. hundreds of shares hitting the market so why didn't the shares sell off in microsoft versus cisco, which is the better buy? debate that and you'll have a say on twitter. it is day two of our fast money madness challenge. you'll want to tweet us. let's start off with the stock rally. fed removing patient from its statement but implying a rate hike is not in the very near future. let's get to the chart of the day who made it over here.

>> i did make it over here. the chart of the day, we talk about the s&p 500 which we all know obviously and the blue line is the crb index and the reason why i want to pull this up, look at this massive divergence you've had here. s&p rallying, crb down. we all know that's because of oil. the fed is starting to back off from the strong dollar, there's a lot of money out there looking far return. when you look at the commodities, you get a clear relative value. i'm not saying it's a value, but a relative value to the rest of the world. or to the rest of the investment community. you've had bonds rally. you've had stocks rally. i would look to commodities. i'd look to agriculture. you saw gold and silver today. we talked about steel a bit. i'd even look at some of the other industrial metals. i think this is the place where money is going to flow. doesn't mean the fundamentals are great, but it means that money is going to flow into this because of the relative value, basically, just the difference between return. this is the better trade rather than being along that.

>> what do you think? >> well, i got to tell you. if you look at the way the dollar has been reacting for so long, this seems like it's going to be a quick unwind to me. it could be a week or two weeks. >> a dollar of weakness? >> yes, how long crude has been strong. >> i think if this works and money starts flowing, that could be a much longer and six months to a year. >> ali baa bar, more than 430 million shares owned, 100 million owned by employees and restricted in may. in september, more than 1 billion shares will have come unlocked to test the company's share price but with today's lock-up, the stock didn't sell off even on double the average daily volume. is this a signal? rbc capital markets, mark

mahani. great to have you. have we seen the worst of it for ba baa? >> that's my guess, yes. on valuation grounds, i thought would be 30 times earnings to $75 to $80. you get within 10% of that, it's hard to see much downside. maybe we have an overhang related to the massive lock-up that's going to happen in september. eide here we think is very limited. >> it feels like you'd have to be threading the needle because we did see a massive underperformance relative to peers. even though today it was okay. down 30% from post-ipo high back in november. are we at a period where, yeah, it will trade for now but ahead of the lock-up, we could see the underperformance? >> we could. there's two other issues. i don't think we're going to see the kind of underperformance we've seen but we had two other issues come up. counteractivity on the site and mobile mon tt tearization. this is an advertising model at

the end of the day. whether it's google or alibaba, don't monitor as well as on desktops. we think that's an issue. that takes out the risk in the stock. >> we've seen alibaba and shares came at the expense of amazon. when we start to see money move back in alibaba and the escalation stock prices, they come at the direct cost to amazon or can they both move higher in the same world? >> i think they can both move higher. last time i was on the show, the question was which do you prefer and at that time -- >> would you rather, i think was the question, but anyway, go on. >> a gentleman, sounds much nicer when he says it. >> twice i've been asked on the show. it's just about even steven in terms of where they are on the stock. 20% upside within 12 months and two other potential sources of funds for these names and a whole.

one is semi's and one is apple. >> what do you think will happen with the billion dollar lock-up exploreuation in september? >> the same thing that twitter had the 365 day lock-up expicture expirati expiration. >> how much was the lock-up? >> it's all coming up. there will be little locked up long term. i take that back, the founders, of course, major executives of course will have long-term lock-ups. but the soft banks, yahoo, yahoo is a seller. we'll see that supply increase and frankly, i think that's a natural thing. you're going to have, i think the market, i think traders have already taken the stock down for exactly this event. i think the market has been rational. we had the down trade. >> down 30% from the post-ipo high. that is in anticipation of both the lock-ups. >> i think so and two other issues. >> and the two other issues. >> an unusual event. not that there's counteractivity but the government got involved. that was unusual. >> thank you for coming.

pete, where do you stand. >> i've been an owner of this stock for a long time. it's frustrating and i don't know whether it's lock-up or i think this counterfeiting has been a major issue. >> the brushing. >> brushing. the whole thing -- >> earnings miss in january. >> although the growth was incredible. the earnings missed, but to me, that was more about the analysts not really fully understanding the alibaba model well enough. it was early on still. the numbers were incredible but they were short of the analysts. >> i don't know that yahoo is a seller. i think it's a structure to try to monetize for yahoo shareholders by putting it into other entity to have shares in. i don't think that's the same. >> holding company. >> yes. >> yeah. okay. time now for pops and drops. big movers of the day. herbalife up. >> herbalife, won a lawsuit that said basically the judge said allegations aren't proof the company did anything wrong. that was good. but with a 49% short interest, a

tiny bit of good news to get this thing going. it's so volatile. deep end of the pull, stay away. >> this one straight up, i would take a break. i wouldn't sell any profits that you have here. we talked about it yesterday. you have oracle and then sales force and then workday. i would go with the middle, sales force if you want to buy anything in the cloud computing space and that one to me is just as far as market cap. that could move the needle with a proud space better than the other two. >> down 2%. >> it is, but it's ochn the sam day of a 52 week high. hit up and pushed up against the new highs but also, this chip, not just a graphics company, but now get into the vehicle world as well. i think that growth means this is the stock that has upside. >> pandora up 4%. >> pandora is a stock that people written on the obituary 45 times in the last year and keep shrugging it off. updated today by crt. like this thing.

>> next up on fast money, it is the second battle in our fast money tournament. a match-up between microsoft and cisco. things are getting really heated here on the desk. do not miss the exciting debate for big tech dominance and be sure to vote your own pick on twitter. clash kicks off right after this break. stay tuned.

it is time for the second match-up in our fast money madness tournament where we pit six tech names against each other to find out which name is the overall favorite trade. throughout the competition, we'll have exclusive previews on cnbc.com/pro. yesterday, intel advanced to the next round. today, we have got a head to head battle royal from big tech conference. cisco and microsoft, fresh off an announcement that its windows 10 platform will launch this summer. log on to twitter, tell us whether you prefer microsoft or cisco. in the first round, the viewer favorite will count as one vote and be used to break a tie. so do tweet us. each trader gets 30 seconds to make their case, so 30 seconds on the shot clock. kick it off. pete? >> wow, i'm going to go with

microsoft and the reason i think they have the advantage right now is sat ya and adel la is focused on the cloud. wow, that's knot slightly distracting. but it's about big data, it's about the cloud. that's exactly where they're focused right now. one of the areas, big data. the reason that's so interesting to me is when you look at that last year, it was about a $15 billion business expected to be somewhere close to $42 billion by 2018. that's a growth area. that's the focus they've got right now. the management has been very disciplined. they had a huge year last year. lagged so far early in the year -- [ buzz ] >> beakers. >> so i'm going to disagree with pete and here's why. i actually think microsoft is at a prove-me state. we have the honeymoon for na dell la and now to prove they're going to be able to do something. when i look at microsoft, great. windows 10 coming up. unless they reduce support for other windows products like xp,

there's not going to be much. everybody upgraded. cisco, they make the pipes everything goes to. i know that streaming is huge now. social media is huge. i know that there's more data going over to the internet than ever before so cisco is going to slam dunk it. alley-oop. >> it's a tie. it's a tie as it goes to kara. >> you're right, pete. that isn't but i'm going with cisco. two reasons, always, revaluation is one and the balance sheet is great, the p.e. is very attractive here but this is a more subjective reason. i haven't heard john chambers this bullish in i don't know how long. if you listened to the last call, he said i never felt better about our business and our future. we're back. and then when talking about the competition, vm wear, we view them as competitor and beat them and have fun doing it. i wish i was a better person, but i'm not. you don't hear that from john chambers -- he's not a guy who

[ buzz ] >> that was to the music. >> i hate myself for doing this. >> all right. all right. so cisco, gm, microsoft, where do you go? >> microsoft. this was a real tough decision, but coming, starting where karen left off as i did that annoying buzzing in your ear. >> i would never do that to someone. >> 23 seconds! >> so now, if you look at it, john chambers was never so excited in the last cycle. why was he that excited? but the stock actually rallied way ahead of it. so whatever he's excited for, i think he's already in the stock. microsoft is front loaded with bad news. down 10% year-to-date. made up today but i think that bang for your buck, if the market gets hit, if microsoft gets hit, it's not going anywhere. dividend, buyback, microsoft. >> all right. so we have a tie here on the desk. which means that the viewer tweet will determine the winner. so if you haven't tweeted out

there -- got there. and the viewers say that it means cisco. >> oh! >> cisco advances to the next round in the big tech conference. >> amazing. >> next on fast money, hitting the organic aisle, some making bullish bets on whole foods. we have that trade next. w we do, so businesses can reinvent the world. from pharmaceuticals to 3d prototyping, biotech to clean energy. whether your business is moving, expanding or just getting started... only new york offers you zero taxes for 10 years with startup ny, business incubators that partner companies with universities, and venture capital funding for high growth industries. see how new york can grow your business and create jobs.

visit ny.gov/business

whole foods shares have had a rough month falling 6% but some traders bet on a big turnaround. mike has the action. mike? >> we saw three times the average daily call volume. we saw a lot of that activity in the april 55 calls and traders paying about a dollar for those. those would be bullish bets that whole foods up 4% or so by april exploration, 8 days away. and 57.5 calls, whole foods isn't exactly by the industry and isn't a lot of obvious

catalysts between now and expiration. the next one not splated until may. when you see the unusual activity and it's all one direction without anything as obvious as pete will tell you, sometimes that's more interesting than when the catalyst is an obvious one. >> live show 5:30 eastern time on friday. a big day for t-mobile, launching new business push with low price packages. speaking to john fort on this new strategy. >> what we're going to do now in addition to how we already pay for early termination fees and contracts, we'll pay up to $670 a line to get you out of these phone contracts for true carrier freedom and the i think the other news, the group that did away with contracts, will be in the contract's back and i'm going to sign a contract to every customer that says that your data plan and your rate will not go up. the fixed plans while i'm here. >> steve, what do you make of

it? >> i'm an own of t mobile. john ledger, true innovator in the space. reinvented, created to slash prices, cut costs and see people go over to t-mobile and not leave. so i think that the stock is probably still a buy. and the other names are probabl going to take a hit because the margins are going to get squeeszed. >> at&t and verizon, they lose. they act like at&t or verizon. they're going to cost them some money and as long as he's there, does my contract then end if he gets fired if it doesn't work? >> you nodded when he said at&t/verizon. >> my favorite in the whole space is china mobile. once they open it up, apple was able to get out of that system. i tell you what. these guys have been crushing it. they give you a great yield. not as good of a yield but this

stock seems to go 52 week highs. >> china mobile gives you a yield? >> yes, nice stock as well like all these telecoms tend to do but i think the phone is going to continue to get more sales over apple in china. >> we'll be right back. stay tuned. [ male announcer ] at northrop grumman, we know in the cyber world, threats are always evolving.

at first, we were protecting networks. then, we were protecting the transfer of data. and today it's evolved to infrastructure... ♪ ...finance... and military missions. we're constantly innovating to advance the front line in the cyber battle, wherever it takes us. that's the value of performance. northrop grumman.

time for the final. boss? >> some of the names moving up to the upside. oracle, but look at sap. had huge option activity today. stocks performed very well. can get over 70, i think it goes towards 75. >> bk, brian kelly. >> that's me. inflation, they'll get it and then show the crb chart, biggest component of the crb is oil by bno. that's your brent. brent hasn't gone as low as the west texas. >> karen finerman? >> yes. the united rent, i like it. it's very u.s. focused.

normally, the dollar is good. but i like it cheap, it like it here. >> what did we learn today? rates, 4.6 yield for return. >> i'm melissa lee. see you back tomorrow for 5:00. the one and only "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'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 want to make friends. i'm just trying to save you some money. my job is not just to entertain you, but to educate and teach you. so call me at 1-800-743-cnbc or tweet me @jimcramer. we now return to our regularly scheduled earnings per share progra