that's what they do. i think there's no effect -- >> corporate tax argument, if you cut it together or people get out of it anyway. you just hate it. you can never quite pin them down. >> you know what we should do? send it over to the mercedes guy earlier in the show. >> thanks, everybody. that's it for "closing bell." "fast money" begins right now. "fast money" starts right now. live from the nasdaq market site overlooking times square, i'm sara eisen. our traders tonight are tim seymour, pete najarian, brian kelly, and guy adami. more room to run for jcpenney? stock soaring. details ahead. how smart was the smart money in the first quarter? we've got the new numbers on the hedge fund heavy hitters. find out where paulsen and ackman put their money. but first it's officially the end of the first quarter. we went out with a bang. the dow finishing the quarter in negative territory.

dropped 200 points. nasdaq up for 2015 and the quarter. tomorrow is the first day of trading if they are second quarter and the kickoff to april. historically a strong month for investors. do you stick on what is winning or take some money off the table? tonight we lay out our second quarter playbook trades. tim, we'll kick it off with you. what changes in q2? >> i'm not sure anything changes. the first was fed, dollar, oil, ecb. all of those things are front and center. some of the trades took time to get going. a lot expected the consumer to rebound faster based upon lower commodity prices, lower gas prices, et cetera. i think you stay with the consumer. i think you have to stay with staples. tough go with the things that will still be resilient to a strong dollar. let's go back to europe which has been working. we're going to get european earnings season. you're going to see the tailwind that comes with the weaker euro. it's not expensive here. spain has lagged even europe. i think that's where you play.

you play for dibs. i think they work. >> one thing a lot of people are talking about is better economy in the second quarter as we shake off those temporary effects of the winter weather, the poor congestion, and the strong dollar. >> you were congested over the weekend. >> i was. and i feel better now. thanks for asking. i appreciate that. >> sure. >> but i would say that is the trillion-dollar question here, right? we know the fed wants to raise rates. we know the dollar is likely to stay strong if not get stronger. is the economy and the consumer as tim mentioned, are they going to start coming back and start humming? i am skeptical about that. based on the u.s. data and it's not just over the porch strike and when we had the snowstorms. the u.s. economy and global economy was slowing prior to that. i'm skeptical that the consumers will all of a sudden show up. ? they do, everything's rosy. if not, that's a strong dollar in q2. >> strong bonds as well?

>> of course. you know the story. give tim credit on the first quarter. he said 95 before 110. to me the theme is the dollar and oil and what happens. i still think we're going to see further weakness in oil. further strength in dollar. what does that mean? i think the refiners still work. but these big cat names continue not to work. at a certain point they're going to be interesting, i don't think they are right now. >> pressure on oil. what are you looking at? >> tim talked about the fed, the dollar, oil. i'd put one more thing up there. uncertainty. it has been all over the map. we've gone up. we've come back down. we've got lows into the 12s. any time we're under 200 -- the 200-day moving average, pounding the table. you have to buy protection in this market. it allows us to stay in the market as well. the area that worked the best, health care. that still works the best. you look at yield, pipeline, growth, and valuations of many of these names. almost every name --

>> and m&a. >> and the major names in that index if you look at something like the xlv, every one of them is towards a forward pe. these are great names with pipelines that can go higher. >> you agree? valuations aren't stretch snd. >> i think valuations in health care are finding a way to rerate. until they do not, i think it's stuff to stay on the sidelines. we're talking about the second quarter just in calendar terms. yes, giving you kind of a glide path until you get into may and june. we'll be talking about it soon enough. you also have a couple of major events. you have the fed meeting which i believe the fed will go. and we'll see. but you also have -- >> you're talking about june. >> i'm talking about june. there lie a couple of big bogey. . i'm an em investor. may and june, every year i can remember for the last four or five have been horrendous. i think you do have a window here. i think the dollar is going higher. i think it will stay subdued in the next few weeks.

>> the dollar had its best quarter since 2008. worst quarter for the euro on record. >> that is what's driving all these flows. and it's driving the flows into the bond markets. lower yield on the bond market regardless of what the economy does. then if you have a good enough economy here in the u.s., the capital flows will flow into the stock market. to me that's the one thing to watch. now, i guess i'm more in the camp of for the next month or so we go sideways and there is a window of opportunity if particularly the commodity space i'm long. but as soon as you get closer to june and if you get an uptick in jobless claims -- not jobless claims. in the payrolls numbers this friday, that could send the dollar much higher. >> crude oil, you mentioned it, selling off for the third straight day ahead of the iran nuclear deal. the state department now saying those talks could continue into wednesday. so what further impact could a deal have on oil prices? let's br i think in dennis

gartman who's be with us through this crude slide. i know you're expecting more downside. is the deal or no deal mean for the energy market with iran? >> you know, i think ultimately after we have kicked the can again and we are kicking the can this afternoon. we're going to kick it tomorrow. we're probably going to kick it for a couple more days. they'll come to some solution. iran wants an immediate end to the sanctions. they're not going to get that. they'll get some sort of end to the sanctions. obviously what that means and the crude oil market understands it is that a lot of new crude is going to be coming from the global market. the saudis are clearly not going to like this because that is their most sincere enemy. the saudis made it clear they intend to maintain market share. if there's more oil coming, they are going to front them as quickly as they can. i think $43, $42 on wti may well be a low. but i wouldn't be surprised if you get a lot more pressure on

the front of crude oil futures as the storage facilities around the united states fill up. that's the only problem that really can put a downward and even more severely downward pressure upon crude oil prices. we're going to fill up storage and we're filling it up quickly now. >> speaking of supply on the supply side, why do we have to pay attention to nigeria right now? >> people forget that nigeria is an important country when it comes to the production of crude oil. they produce some of the best crude. the lightest, the lowest sulfur. when the united states became almost self-sufficient, nigeria at times was sometimes our second supplier of crude oil. you're going to end up seeing the saudis competing with the nigerians. now that the election is out of the way and there doesn't seem

to be any more attacks in the southern part of nigeria where their oil comes from. as long as nothing happens again with boko haram. they made an attack for the first time in southern nigeria. and as long as the mooumt for the emancipation of niger river delta, there's going to be more coming from nigeria. so iran's there, nigeria's there. we're there supplying crude. and the saudis are uncomfortable about losing market share. >> bottom line for us here. we're coming off of the third straight down quarter for oil. if you've missed this move which has been tremendous and a stunning double digit move, is it too late to go short oil given what you've just laid out? >> i think it's probably too late to be short oil. the next five dollars is on the downside. the next may well be on the up side. the time for being short is probably passed.

if you wish to trade it, it's going to continue to widen as we fill up storage facilities. or by tanker stocks. because we're going to be looking for on-water facilities. that's probably the better trade. buy tankers. but i'm not sure one should either be long our short outright crude oil. i could see the next five dollars going in either direction. >> dennis gartman b, always good to get your thoughts. thank you. i know you like the tankers for awhile. had another nice day. let's trade it on the desk. >> i think xle. if you look at the price action since july when oil started to break down, series is of higher highs, lower lows, i think that continues. i think the refiners still work. even valero's done well. i think people try to play there. it's not there. pete talks about the ovx. it's been elevated. it does not seem to want to go down. which makes me believe the next

is coming. >> looking at energy shares, they were beat up today. some people thought it was signs of a bottom. >> to dennis' point, up $5, down $5. that's why it's important. it's stayed above $50 for some time. use those options. any time we get dips on the ovx, great opportunity to step in and try to purchase some of those. get them on the cheap. gives you an opportunity to play the upside with the volatility. >> you guys mention the refiners. and they're doing well because of the spread between wti and brent is wide. if there is a deal in iran and there is a lot of oil coming on, then that spread could narrow that. so i would say watch that. i don't say the finer trade is over, but just watch that for a warning side. >> how do you play it, tim? >> i think being long u.s. kind of conventional upside is also very smart. those guys that have the best balance sheets.

you know, it's almost a little scary to be in that trade. but hess eog is another high balance. i would probably counterguy's call. i think you could start to nibble here but it depends on your time horizon. i'm not sure if dennis was confirming or saying it's pushed out to june. they're largely in agreement but they're not going to get done and gets you past the next opec meeting. >> they're going to talk tomorrow. but both sides are still engaged. >> we've been doing this forever with these guys and whether you believe it's a good thing or a bad thing, gets done by this deadline i would be surprised. >> i should say all sides. all right. we're going to leave it there. mcdonald's testing table service overseas and starbucks trying its hand at selling smoothies.

some smoothie fans here. plus tracking the smart money. where did the big money bet? we've got new numbers and names on paulsen and ackman and more. and later, e technical difficulties continue. it looks like it might be time to fade the range. we are back in two minutes on "fast money." there's nothing more romantic than a spontaneous moment. so why pause to take a pill?

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charter communications striking a deal to buy bright house networks for $10 million. that kicks off our top trades. charter flying on the news on the deal which brings more consolidation to the cable industry. bright house, the sixth largest operation in the u.s. and serves 2 million video customers. >> $120 stock just six or seven months ago. trading $190 now. valuation is rich. it is a huge deal for them. maybe it's transformative. stock has run too much. the best play in space i think across the desk we've said it is and continues to be disney. >> well, how else do you think

about this? it's obviously happening. consolidation in the paid tv industry. where else do you look? who else is independent that could be bought? >> well, i think -- and that's part of the problem. i would choose to follow the cord cutting theme in the areas where guys are best positioned. i think time warner. to me some of the parts also a place where -- also hbo doing what they're going to be doing. >> pete? >> disney's by far the best. i know guy just mentioned that, but i look around. i can't find anybody who executes in a better way. the growth and the way they have aggressively attacked and locked in for years out is absolutely impressive. >> it's become sort of a different beast altogether. >> yeah. retweet and retweet. you also have the park business too. >> better than people think. >> absolutely. with lower gas prices perhaps this summer that's going to be better. so disney. >> you know what my favorite

ride is at disney? me presidents. >> that's not a ride. the hall of presidents. >> not a ride. it's cultural. >> let's go next up to a stock here. jcpenney rallying. piper jaffray lifting maintaining its overweight rating here. >> this has been quite a ride. it's been all over the map and it's about a balance sheet recovery. then it's about how they're truly going to do anything. then the company last month said first quarter not so great. this is what these guys are saying. yes, 3% growth first quarter. better than the 1% the company guided. i would prefer to think longer term. if you listen to these guys, they're going to get to 1.2 million in ebita. riding this ride has been something you can't trade it day to day. you have to take a view they brought management in that's not just a turnaround play. it's not just survival.

their marketing plans are starting to work. i stay long this name. >> are you confident it's going to work? >> i'm as confident as i can be right now with management. this is a management team that hasn't delivered a ton of confidence in the last two to three years. right now i still believe them. >> do you agree? >> in the space there are so many other names i like. kohl's has done well. costco, t.j.maxx. there are so many other places i'd rather be than jc penny right now. >> it's fair enough. pete makes a good point. jcpenney, shorts are covering. i think they'll continue to cover. $14 price target. can it get to $10 on the back of a short covering year. >> whether they're really feeling the gas boost. next up, speaking of retail, starbucks debuting a new line of smoothies in partnership with

dannon yogurt. they had all the trends here. >> they did. absolutely. and howard shultz, since he came back the innovation of this company has been incredible. they've reinvented themselves. they're also a tea, also a food, now they've got the smoothies. the growth in the food area especially could double over the next five years. when you look at the pay process as well and the delivery, they continue to push the envelope and it seems to be working. although this pullback is finally getting my attention again. stock hit near a hundred. if it gets closer to $90, it's a buy again. >> i'm long. it's something i've had to sell because it's been appreciating. i totally agree with pete. not only is shultz doing interesting things the big level. there's two or three challenges. i think it's something that is as kcosmetic this is --

>> en though it got overshadow bid the race campaign that was laumpbled. >> you mentioned fresh kale. >> isn't kale fresh? >> you would hope. by definition. are you is j.j. kale fan? remember that song back then. >> always comes back to rock and roll for you. see they put trade school up. they should do the outro call me the breeze. coming up on "fast money," twitter logging big gains despite the selloff today. could the move be more on takeover chatter? pete's got some unusual activity you have got to see next. and later, consumer discretionary may have been a leader in the first quarter, but we'll tell you which name in the space has a chart showing serious technical difficulties as we like to say. we're back in two minutes on "fast money."

♪ that's the worst thing i've ever seen. >> we could do a whole show like that. >> it is a wrap. the first quarter in the books. so how did the big hedge fund heavyweights fair? and what were some of their best trades? welcome. >> early results in for the first quarter here. of course the final numbers are going to be trickle in tonight and the next couple of days. may be awhile before we have the full picture. steve cohen's point72 with an offer. they were up on the quarter about $11 billion. tough to know exactly what was working for them because they're

still trading actively. another bright spawn, john paulson's mergers. despite stumbles in gold and broader strategies. his enhance fund up about 14% through late march. thanks partly to winning bets on stocks like salix and shire. look for more there. they'll be looking for other good opportunities in that space. other strong performers were ainslie whose the fund was up since mid-march. we'll get more details the next couple of weeks. and bill ackman, still beating the average with upside through march 24th about 4.6%. even though that seems low after his 40% returns in 2014. some stocks helping ackman bb

hughes corps and fannie mae. all in all the s&p had a pretty block quarter despite lots of volatility in the hedge fund. they have done a little bit better for the first time in some time up about 20% through february. so we'll see. >> and they're not used to out-performing the broader index. >> they underperformed the broad index and defender of a hedge fund will say maybe some of you agree, the point is to hedge. maybe you do less badly than the market in a year like 2008. maybe not as well in a year like this year. maybe you're diversifying your portfolio. >> that's definitely worked. it's a case where look at the volatility in the first quarter. in a bull market, always going to out perform. in favor of hedge funds b, they are there to deliver more absolute returns. a market going straight up is always going to out perform unless the hedge fund is swaying for the fences.

>> until yesterday we didn't see two back-to-back gains for the major stock indices for a month. >> no. it's been a very volatile quarter. some people feel that fading, making these contrarian trades is the only way to make money. when that opportunity ends, maybe we've seen the top. >> the question is does the volatility continue and what happens to these guys as it does. >> we talk about volatility and pete can speak to this. it's somewhat subdued. the vix at 15 is not out of the realm of normalcy. kate can speak to this, but i think the move in the dollar this quarter helped a lot of people. in the last couple of weeks notwithstanding, the rally in the dollar helped a lo lot of folks. >> so many were short the dollar. they've been waiting for this for years. >> as i was gathering input, the dollar, everybody thinks is going to be a focal point going forward. it's clearly affecting the markets. it's certainly affecting

commodities. and it's going to be an important story this year especially as we think about rates. and what happens next. >> is it june, september, next year. >> does it matter? >> it definitely matters, sara. >> all right. kate kelly on the hedge fund beat. time for unusual trading. >> three to one calls trading against puts today. all in the options that will be expiring april 2nd. friday is a holiday, good friday, so we won't be trading. this is a short week when you look at options. the april 50, 50.5, 51, almost 28,000 options total on the call side. so people are looking for another move to the upside. maybe to test the 52-week highs. 55 were those highs back in oxz. been awhile since it's been up there. seems like that stock wants to hold up here. >> do we know what's driving it? >> listen, it could be. to me that makes a lot of sense.

it makes sense for somebody like google to take them over. a lot more competitive in the social aspect. so to me not only that, they've actually done a couple things right here and potentially they are going to be monetizing some of these new things. so i like twitter here. i'm not long it right now, but i might be. that got me excited. >> you're compelled by that. this is a stock a lot of people are looking at. >> that's why we go to you for unusual activity. up next on "fast," fast money madness. sales force and facebook. both surviving first round eliminations. it's an epic battle heading your way. plus bumpy roads and bumpy technicals. why tesla could be in more trouble in the second quarter. we're checking the charts next. eligible for medicare? ] that's a good thing, but it doesn't cover everything.

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. still ahead on "fast," despite the solid performance of consumer discretionary stocks in the first quarter, one chart is showing some scary moves within the space. we've got the name and the chart ahead. plus we've got mad on the desk.

we're talking the next round of fast money madness. it's a brutal fight in the internet space. tonight salesforce versus facebook. and later a cheap gas play lighting up radar. could consumers paying less at the pump be spending more inside convenience stores? but first consumer discretionaries a standout in the first quarter. but one said there's a name in the sector you should fade going into the second quarter. joining us is head of technical analysis and partner chris varone. you're looking at tesla. >> exactly. we always get nervous when not performing well. tesla not so much right now. a couple problems on the chart. number one, the trend line is now broken. we've had six months of lower highs and lower lows. it's not a setup we like.

the moving averages are now starting to roll over. i think ultimately what we're looking at is a move back to this level in the 150 neighborhood before we get more interesting. >> all right. and we certainly had fundamentally speaking, elon musk tweeting. that adds volatility. is there anything that would cause the move to fade to match up with the chart? >> what i would just say from the technical standpoint which is what we know here is that it's relative strength or value versus the market is not there. what's been a decent sector, we get nervous when a name, a headline name like this doesn't keep up. i would also just say with respect to lower oil, that probably doesn't help this chart either. the pure plays, the gms and the fords are likely better beneficiaries of an environment where energy and oil prices are lower. not this one. >> chris, real quick, yesterday you saw the stock trade down to

180. lower highs, lower lows for some time. it will trade down to the main lows, hold and bounce. which is pretty much what we saw yesterday. do you see a double bottom here at the 180 level? >> i think you can probably get a bounce to call it 195, 200. i'm a seller up there. i think ultimately the trend here is still lower. until we get a sense we're being paid to own this again. meaning, until we get a sense on a relative basis this chart is improving, i'm just not there yet. >> chris verrone, thanks for pointings out the technical difficulties with this. that tweet got a lot of people excited. elon musk front running some excitement product launches. >> what's new? >> and it's a problem. it's a problem because the expectations on the stock got ahead of itself. i wont call it an autocompany. it's a fantastic company but it shouldn't be trading where it's trading. what they keep doing is pushing out news longer term. now all the guidance has been no

look out to 2020 where they have to ramp up tenfold. to me this is a stock with a lot of disappointment ahead of it. i think it's going to push through 180. that's been my call and i stay with it. >> to defend elon musk for one moment, he's been cautionary as well. >> didn't he stay the stock was overvalued? >> overvalued. >> why is he saying that? >> i'm not saying that's right or wrong. at least he's not always a champion of his own stock. >> you like some of the traditional automakers. i like gm and ford. i prefer them over tesla for the reasons tim talks about. this stock, the 200 day crossed about mid-january. ever since then, it's been downward. >> don't you like tesla too? >> i've been in tim's camp and pete's camp for awhile. we said it's going to test the levels we tested yesterday. so it's all about risk/reward. i think for the first time in awhile it set up well. this stock was up most of the day. gave up with the tape.

against 175, 180, you can stay long the name. >> people also watching the china sales on tesla. it is time for pops and drops. right now the big movers of the day. a pop for dr horton. >> upgraded today. we also had better than expected i guess housing sales. this is a name i would start taking off a third, third, a third as we start setting up. >> drop for intercept pharma. >> issuing out more shares. 2.2 million shares. and an insider last week selling 200,000 shars. i don't think you necessarily have to jump into this at any point in time. you've got to find names that fit whatever portfolio you are comfortable with. this is one with absolutely no earnings yet. very interesting company, but i think you want to wait right now. >> pop for priceline. >> upgraded the name. $1400 price target. if you look at the stock since january, the move down we've seen recently is a 50% correction of the move we've seen this year. i think against sort of

1,100ish. >> and pop for dangdang. >> for a beligered sector, these guys beat on the sense. but the top line was better. they grew about 23%. they are delivering. i think the market was very short this name. i don't think you need to buy it tomorrow, but look at a lot of these names. >> and a pop for coyote ugly. we're not talking about the famous chain of pubs that made the set for the film. meet the real coyote. spotted this morning on a rooftop of a bar in new york. the clever animal may have landed on the roof after sneaking through an opening in an old factory behind the bar. the savvy beast teased onlookers with his own dance routine before fleeing the scene. it's a real life coyote ugly. >> and we're playing some "pour

some sugar on me." >> that was a good movie. coming up on "fast money," it is fast money madness. we are heading back to the internet space for a second round battle between salesforce and facebook. only one can move on and represent the internet stocks in the fab four. the other gets knocked out. plus will cheap gas prices mean more money spent on road trip snacks? we're talking to the ceo of a major gas station chain all over the country about the impact of falling prices at the pump. more "fast money" next.

it is time for our fast money madness tournament where 16 tech names compete for the fast money title. so tonight we're moving back to the internet space with a matchup between salesforce and facebook. both advancing past the first round after knocking out yahoo! and google. don't forget, your vote counts too. log onto twitter using #fastmoneymadness. tell us whether you prefer salesforce or facebook. the viewer favorite will count as one vote. each trader gets 30 seconds to

make their case. first 30 seconds on the clock and kick it off with tim. >> well, i definitely prefer facebook. some of this is because of what they're doing. some of this is because crm to me is a company. maybe it's the move to enterprise creating results. but their last quarter results, revenue wasn't so good. so on a relative head to head basis, i like facebook who i think is starting to monetize other parts of the platform. they are the largest scale on the internet of things outside of google. i think this is something that's in their future. whereas i think salesforce, the competition is unbelievable in this round. therefore give to it facebook. i'm out. >> with two seconds left on the clock. not bad. >> i'm efficient too. >> all right. pete. >> the reason that salesforce got to this point, they're like notre dame. they were fantastic. they had growth. they had everything, but not enough to beat facebook. size does matter. facebook is long, lean, run up and down the court. and they've got growth

internationally. they've got all the components that you would want to have in a tournament like this. i think this is an incredibly well-run company. when you look at not just the growth but the revenue growth as well. the monthly active users that continue to grow the demographics that continue to grow. that's where it is. >> shot clock violation. >> my goodness. >> he borrowed your time. bk. >> i'm going to pick up where pete left off and say facebook as well. it's a lot of what pete talked about where you talk about the management here. a lot of us including the bk had questions about how they were paying for their acquisitions. they're paying off. they're able to monetize it. they've probably got it figured out better than anybody else in this particular sector. so for me you want to go with that growth. you want to go with advertisers switching to that. crm seems to be stumbling a bit. i'd much rather the facebook. >> the facebook. the bk.

are you going with the facebook here? >> he renders my vote moot. i think they have it valued at $11 billion. snapchat, $19 billion. makes instagram look like a steal. 69% of their revenue, facebook's now mobile. more advertising. using the facebook platform. for all those reasons plus the stock wants to go higher. facebook will get you done. >> sounds like a consensus. and on twitter you said facebook too. that means facebook advances to the next round. tomorrow we're heading back to the payment space. we've got a matchup between intuit and paychex. log on for a preview. >> how are you doing?

>> i'm doing very well in the bracket. i hope duke wins. >> tell the people. do you got? >> i think i have duke and kentucky with duke winning. >> wow. nice. >> where's your brackets? >> crushed. broke. the under the radar play that could be making big profits off of low gas prices. the stock is up more than 20% in the past six months. we'll talk to the ceo after the break. plus one casino stock getting a boost today as bullish traders make a bet on the name. we'll break down that trade after the break. tdd# 1-800-345-2550 [ male announcer ] your love for trading never stops,

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call it an undercover oil play. shares of cst brands rallying. one of the companies leading retailers seeing a boost in snack and food sales from the cheaper prices at the pump. this is expected to drive brands to make more acquisitions this year. joining us in an exclusive to discuss more, cst brand ceo.

good to see you. >> good to see you too. >> tell us about the correlation here to your business to what we've seen, cheaper gas prices. >> clearly. when you've got cheaper gas prices, people have more money in their pocket to spend. we saw increase in our sales in the stores. i think going into our summer driving season, we'll see an impact from that. >> we haven't seen it in broad retail. everybody's been waiting for it. even in the economic data, we learned the savings rate hit the highest it's been in years. >> one of the things, consumers need to know it's sustained at this price before they really change their behaviors. with winter weather like you guys got today, you add that together and i think it adds to the numbers there. we sell cigarettes, benches, you name it we've got it. >> is there a lag between the time you see gas prices drop and then the pick y up?

>> the prices started dropping into the fourth quarter which tends to be a slower quarter for the convenience industry. we're going to see more coming into the spring and summer which is really when we drive customers to the store as well. >> i mentioned acquisitions. now is a good time for you to be out there buying. you have 2,000 stores out there. >> we do. >> and are you looking to add onto that? >> we are. so really kind of wrapping up and adding more to our marketplace as well. >> it seems there's been at lot of consolidation already. >> there is. it's a really fragmented industry though. something like 126,000 stores. most of them are owned in chains of ten or less. it's very fragmented. i think we're right at the forefront of that. >> great eps numbers. revenues slightly missed both times. is there going to be a point where you start to beat on the revenue side? i think if that happens, that takes the stock to the next level. >> the funny thing is revenues

are so dependent for the gas, but your net income is dependent on the margin. when gas prices drop at the street, revenues drop. it doesn't necessarily translate. our fourth quarter, we have almost historic level margins as a result. >> what are you seeing in terms of the low income consumer. has there been any recovery? we've been waiting for it throughout this entire economic recovery. starting to see signs it's taking hold. are you seeing that? >> that tends to be one of our bread and butter customers. they come in every day and get their breakfast before they go to work. they're still coming to our store es every day. >> and are they doing a little better? >> again, fourth quarter we saw some increase in our sales a little bit faster throughout the rest of '14. i think we'll really see more of it as we get into the summertime. >> all right. keep an eye on the stock. cst ceo. thanks for much. >> probably not expensive. pull back to 42. through 45 i think it breaks out again. you can be long the stock

basically against a $42 stop. >> this is again go back to the balance sheet. it's a source of strength. some people think they could be buying back stock but be opportunistic in this environment. for a stock that's needed a catalyst, it's been a sideways trend even in this market environment. that's what you focus on. i would own the stock. >> bk? >> above 45, it's classic technical breakout. but what i think is interesting about this story, think of it as a refiner where the margins are what's important here. and the margins are expanding. that's to me what i think gets it through. >> we should note that karen fi finerman thought it was an interesting way to play low gas prices. moving on. caesar's entertainment up in the past two days. some placing big bets. mike khouw has the action for us. what do you see, mike? >> we saw more than seven times the average daily call volume. what's interesting is a lot of that was near dated. the ones that expire next week, little over ten days away.

they were trading actively at about 50 corrects which represents 5% of the stock price. my guess is that the bullish speculation has to do with rate conversions. i'll kick it back to the desk and let them speculate on what they think might be driving it. >> thanks very much. any speculation here on the desk? >> that whole area right now has been on fire. mike's talking about caesar's itself, but the casino world right now, we are seeing more and more coming in. >> is it the recovery and the space? >> las vegas has shown strength where we have seen weakness still in some of the foreign markets. but the las vegas side has certainly started to pick up. i think people are looking maybe potentially is there consolidation out there? maybe. >> the mgm story, there's other things going on. >> for more options action. check out our live show 5:30 p.m. eastern time next friday. this one is a holiday. flipping houses is so 2006.

on "secret lives of the super rich," robert frank found a guy who flips yachts and you won't believe what he names them. ♪ >> for the super rich, a yacht can be the single most extravagant expense on the planet. most owners only spend three or four weeks on their yachts then lose money when they sell. but he buys and sells yachts like people flips houses. he makes money before he unloads them by chartering. >> my last boat we made very good money. we made over 2 million bucks after paying expenses. >> and it costs a hefty sum to maintain a 200 foot yacht. between staff, the fuel, the docking, and the insurance, it can cost $2.5 million a year just to keep it afloat. what is your usual time that you start to get tired of a boat? >> probably two years. my new boat's going to be 237

feet. actually going to be called skyfall. >> and how much will that new boat cost to build? >> somewhere around $60 million. >> skyfall is currently under construction in italy. scheduled for delivery in the next couple of years. but most of the details are for his eyes only. >> and that was just a small taste of what you will see on "secret lives of the super rich" nap is tonight 10:00 p.m. eastern time and pacific. you will not want to miss it. more "fast money" coming up.

time for the final trade. let's go around the horn. tim? >> so the second quarter pick telefonica. i think this is a stock that's underperform. stay there. >> social media. we talked about facebook tonight winning against salesforce. twitter. that'll get you done tonight. >> speaking of #winning, the bond mark has really done well this last quarter. buy tlt tomorrow. 130, very key level for this name. >> great job tonight, sara eisen!

blackstone. that'll get you big dividend. bx. >> thanks, guys. i'm sara eisen. catch "fast money" again tomorrow 5:00 p.m. eastern time. "mad money" begins 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 money. my job isn't just to entertain but to educate and teach. call me at 1-800-743-cnbc. or tweet me @jim cramer. if your company could take advantage of cheaper gasoline or if your company