answer to that, but as long as it's fun. >> great to see you, pat. >> great to be here. >> we're glad it worked out for train. those young guys we saw all those years ago. >> if you ever need a replacement, i'm very not interested. >> if you need a replacement, i'm a really good guitar player. >> pat monahan from train. we have sara eisen coming up with "fast money." >> take it away, sara. >> "fast money" starts right now. live from the nasdaq market site overlooking new york's times square i'm sara eisen in for melissa lee. our traders are pete najarian, brian kelly, and guy adami. netflix popping on talks of a looming stock split. is it too late to get into the high flying streaming play. and jordan spieth being called under armour's hero. under armour's shares soaring today. will spieth kick off another run for the stock. first, the top story, the dollar

gaining again. the dollar index up nearly 10% in 2015. as earnings get into full swing tomorrow, the strong dollar could be a major wildcard. b.k., you have been all over the currency story and the impact on earnings. >> i was surprised to see the dollar being stronger and the u.s. stock market until this afternoon did pretty well. so to me earlier today i thought maybe people are shrugging this off thinking that the dollar isn't going to get stronger. i happen to think it is going to get stronger throughout the year and it's going to be an issue. i think this afternoon when we saw the market rollover, that was the realization, this dollar may not be going sideways forever. you might want to shake off one quarter's worth of earnings but what if you have to shake off the next quarter's worth of earnings? at the very least the u.s. stock market has to relate on thrate . >> companies have had a couple quarters now to deal with the strengthening dollar. a lot of these companies probably hedge at the zenith of the dollar, the bottom of the

euro so they have themselves all twisted around. the currency moves this year, it's last year's weather problems. always an excuse. disney didn't say anything specifically about the dollar. look what that stock has done. even nike who has more currency risk, really didn't get into the headwinds they're facing. >> they saw it but they have underlying growth. >> they talked about it but it did not adversely affect their earnings as" a mein a meaningfu. >> will investors give the companies that blame the dollar a free pass? >> the companies that talk about constant currency. it's going back to the crutch you're talking about. when you talk about expectations going into q2 guidance, we had 85 down grades of guidance out of the s&p 500. i would say expectations aren't particularly high when you think about it in that way. the market, the s&p 500 is up

about 1.5%. that includes this late day sell-off today. so as we head into earnings, i don't think expectations are really high or q2 guidance. i think once we get through them and once we get the guide he thin thinks, then is probably the time for investors to say what does the second half look like. >> with the strong dollar we're seeing strength in small caps. we saw the russell hit a record high today. is that the trade did. >> that might be one of the trades but i agree with guy. you cannot use this for another excuse. there's always some excuse out there but disney didn't use it, nike didn't use it, i don't remember apple using it. the currency headwinds, we all know that's going to be there right now and that's going to be a factor. that's why when you're looking at the markets you have to gauge where we are. we're over 2100 on the s&p. volatility index is trading extremely low. you buy protection if you want to say in. or you do stock replacements. we talk about that all the time. selling some of your stock out getting yourself positioned into inexpensive options to stay with the trade. but you know what did trade well

all day long, it was health care, that started to dip at the end of the day. financials. what do we got tomorrow? financial earnings going to be coming out. those held up very well and huge, huge upside call buying out in september in the xlf. >> on that note we'll talk to aback analya bank analyst later in the show. we're also going to get j & j tomorrow, g & e and honeywell. >> i would say we were talking about the russell, and i would be cautious with the russell because we're going to talk a little bit later about some signs that there may be slowing in the u.s. economy. we've seen retail sales not that great. we know the consumer are saving the so-called tax cut they got from oil. so i would be concerned if i were in the iwm. i'm not in it. i would be at the very least taking profit. >> i'd take it a step further when you think about the strength of the dollar. it's reflecting the fact that every intarcentral bank is deba

their currency. they're trying to stimulate growth and we're at seven years into our recovery. a lot of our u.s. multinationals, they expect their faux tour growth to come from overseas. if the dollar stays here and the euro is going to parity, okay, it's five cents away, if it stays down here, this is going to be an issue for earnings growth for u.s. companies for some time to come. >> with that warning, we're going to move on and talk about earnings here. norfolk southern falling in the afterhours session with some news here from dominic chu. >> sara, it's a warning. a fairly dire one if you want to look at it in terms of transportation stocks. norfolk storn is down 4% in the after hours on 54,000 shares worth of trading volume after the company, one of the biggest railroad companies in america, said that first quarter 2015 earnings per share will come in at $1. that's 15% below where it was the same time last year and lower than the $1.25 analysts were forecasting. these reflect revenue decreases and recent reductions in the

fuel surcharge revenue in each of the commodity groups norfolk southern has. they were hurt by weather and other related costs. following the weather related challenges, they think volumes are expected to rebound in the second quarter with the exception of coal which they think will be continuing to show pressure given current market dynamics. they also say that because of the energy environment right now, they do expect full year revenues to be less than they were in 2014, hence the stock move, guys. >> and investors certainly punishing that. thank you, dom. let's trade it. >> a couple weeks ago brian kelly pointed out kansas city southern and the warning they gave and the subsequent move. before our show we're sitting here yucking it up and they had that cat from train on and b.k. said interesting they have the train lead singer and we're talking about trains. >> it's also -- >> real quick, the iyt has been

a tell. that topped out at 168-ish november. banged up against it a number of times until earlier this year and now it's seemingly given up the ghost. clearly this is going to do nothing to help it tomorrow but it's imperative it holds basically these levels. >> are you a dow theorist? >> no, i don't even know what that means. i'm very good looking though, don't you think. >> pete, what's the trade? csx is out tomorrow. the transports have been pretty disappointing. >> unfortunately, what they're tried to, it's energy and a lot of it is still very involved with the coal world. so as they projected these coal numbers would even get worse and maybe at least stay down over the next couple quarters, that's probably correct, so you have to just play into that, but i think csx, if it gets pushed down underneath 32, it's got to be a buy. i like it down there, i look at this name all the time. it was pushing towards 34, pulled back already. i think if there's disappointing numbers tomorrow, as long as their forecast isn't terrible, i think it's probably a buy.

>> look at shares of netflix jumping 4%. it's up 12% just the past week. the company revealing in an s.e.c. filing on friday that it is seeking to increase the amount of shares it can issue to nearly 30 times, 50 billion shares. in the filing they say they expect to undergo a stock split if the proposal is approved by shareholders. netflix getting an upgrate at ubs to buy from neutral ahead of first quarter earnings report on wednesday. joining us to discuss it on the fast line, rob sanderson who has a buy rating on the stock, rob, and i know you have been bullish on this for a while. the bottom line from the ubs upgrade which i thought was pretty interesting is international is going to surpass the u.s. in the next couple years and this whole idea of everybody going over the top and cutting the cord is actually very good for netflix. do you agree with that call? >> i do agree with that, both points. i think the global opportunities

considerably larger than the domestic opportunity but the u.s. is still growing, and i still think there's quite a bit of headroom here at home. second point on the over the top ecosystem, if people really do cut the cord in tens of millions of home, netflix is the most amount of content you will get from any other aufertiofferings it's affordable. >> when it comes to the valuation given we've seen such a strong run-up, up 30% in 2015 alone, what's baked in in terms of this quarter? >> i think the expectation on the quarter has clearly been rising with the stock price. i think the domestic market has been at least in line and the international subscriber element has to be above expectations by probably 200,000 or so is my guess. it's hard to benchmark the whisper expectations until we see the print and i think that's reasonable. the momentum seems to be there. they disclosed they stream 10 billion hours in the first

quarter alone of content. that is a huge number. it's up more than 70% year-over-year. people are using the service more. that's very positive for the long term, and i think for the near term it's hard to get to that massive a number without also a component of subscriber growth underpinning it. >> also mentioned just in terms of the stock the fact they want to increase the number of shares talking about the idea of a split, making it more accessible to retail investors. already it's a pretty high priced stock. do you think this will attract more interest in netflix and do you think it will be a catalyst for another move higher? >> yeah, i think clearly 470-something dollar stock is not that accessible to certain classes of investors. depending how they split it, you know, 10 for 1 gets you down to 47. optically it's more accessible. i think the mentions of valuation, it's a fair point. i think it's difficult to look at pe and earnings based when

you're in a massive global expansion. they're investing all of their cash flows and they're going to be much bigger on the other side of that investment and that's really how you have to look at the valuation of netflix. >> and i know off $530 price target. ubs says $565. rob, thank you for joining us. rob sanderson from mkm echoing what was a pretty strong day. let's trade it. dan, what do you think? >> i don't think it's a lay up that on the other side of the investment that it's going to be a much bigger company. we don't know. the ground is moving below content's feet right now, and they have a few things. when you talk about what their offering is, other than some of their exclusive content that they create, it's really not a good offering. so to me i do think it's going to be a value segment. i think they will ben frefit fr the secular shift. looking at the quarter, the options market is implying a 10% one-day move on thursday. that's massive. the stock was just at $422 on the downside. that's what the market is saying it could go to on the downside

and $525 would be a new high on the upside. they just ran this chart here. there looks to be some sort of seasonality or sickly cality in the earnings when you go back. it seems to manufacture tove th after earnings. the last quarter it went up, if you're looking at that over the last 11 quarters, you could maybe make a guess. >> how do you value -- >> you don't. you don't look at these on valuation. people have made that mistake for countless time. this is a standalone company that seemingly has no competition. throw thep e out the window and look at their international growth. something we've talked about for a long time. pete has mentioned it as well. and technically this stock has done everything it should be doing and will continue to do. how do you trade it? you trade it on the long side against $440. we said that last week. i'm in the camp you might see his price target that $530, you might see it on the 16th. >> ubs to $565.

ubs said internationals should be more profitable than u.s. for netflix by 2020. so there it is. international growth. an activist investor jumping into chipmaker qualcomm and the stock can't manage to hold on to gains. find out what's behind the move lower after the break. and jetblue soaring on the back of a pretty strong traffic report for march. we'll debate how to play some of the airlines. and will jamie dimon disappoint investors tomorrow morning? we've got someone who says financials actually won't do well counter to popular belief during this earnings season. well counter to popular belief by the time police arrive on a crime scene, they could have little to go on. a vague description.

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welcome back to "fast money." we have a news alert on shares of avon. they are unchanged right now in the after market. however, the company did just release a press release saying they have postponed their investor day that was originally scheduled on may 13th of this year to sometime in the fall. the company says the decision was to postpone the meeting follows the recent appointment of james scully as the chief financial officer of the company earlier this year. it's going to allow the company adequate time, they say, to prepare for a more robust

discussion at the meeting. you may really james scully is the newly minted cfo at avon. he came recently. he was the coo of j. crew before this particular tour of duty, so, again, they're postponing their investor day. we'll watch for any reaction but none so far in the stock after hours. back over to you. >> that company has been having a hard time lately. thank you very much. let's trade it. >> $8 has been really good support for this name. you don't like to hear that they're postponing investor day. what do they have to prepare ? you would think they had be able to at least put out a slide deck of a couple slides and tell us because going on. that being said, as long as it holds above 8 bucks i think you're already here. >> see, that's lame. we talked about it at the top of the show. lame excuses. may 13th is a month away. 24/7 for a month you could prepare for anything. i could pass the bar if you gave me that amount of time. >> that's a particularly tough excuse --

>> in a month. >> qualcomm coming under activist pressure from ja that partners. jana saying the company should spin off the chip unit from the patent licensing business. >> we've had very constructive discussions with this company. we've met with them multiple times. we are convinced that the board and the management recognized their issues. we're convinced that they are trying to do the right things and we're optimistic they're going to. you know, we have advocated a number of steps, not just a split up. in fact, what we think they ought to do is just a transparent review of the businesses and determine whether or not it makes sense to do either a partial or a full split. >> and qualcomm did acknowledge jana partners saying it welcomes

feedback from all shareholders but it did defend its plan saying, quote, our business continues to generate cash flows and they're committed to the ongoing return of capital to stockholders. adding we will continue to evaluate opportunities to enhance stockholder value and are committed to pursuing the right course of action for all of our stockholders. interestingly enough, qualcomm actually closed the day lower. >> off. >> off. also, dan nathan was quicker than the ticker on this move. listen to what he said about qualcomm back in february. >> this thing looks like activist bait to me, especially when you consider the fact that they have misexecuted. china was a big problem. they had 25% earnings growth in 2013 and it dropped to single digits and now the samsung thing could be an issue. so the company moved very quickly to make melon kof the

new ceo when he is on the short lift for microsoft. i don't know, man, he seems like he could be pushed around a little bit by activists. >> to do what? to return a lot more cash. when you think about it, if they're not going to get the growth, you might as well be buying back a lot more shares. >> all right, nice call, dan nathan. >> nice call but the stock is down 10% from that. here is the thing, this is the kind of environment we're in here, too. investors think the thing is broken and that's the case. to me you do buy back the shares. they have no debt. when you think about a lot of large cap debt. this is one that will be a work in progress. it will take time. >> it's not an aggressive activist. i think that's what's really the problem here. that's why the stock didn't just pop a lot today. it popped a little bit and then actually finished in the negative. normally what would happen is if they're aggressively activist and saying you have to do this, this, this, but they are willing to work with them right now. i think that's something why the stock is reacting the way it is. this is a stock should be up 5% or 10%. >> what has you excited?

the cash return portion or the split -- >> i mean the activists being more aggressive. >> pushing no matter what. >> we own this significant portion of your stock, blah, blah, blah. they're not really going after them. they are actually working together. and they are buying back $15 billion was announced, $10 billion over the next 12 months. they are doing some of these things. >> don't you think -- i think you said that. the stock should have been up -- >> oh, should have been. >> we have a buyback, everything you'd want in this stock market environment and this stock can't even get out of its own way. i would stay away from this name. >> i wonder if it's peak activism. we're getting a little tired of this activist stories. >> makes it hard to be short stocks with all the activists. a name like qualcomm which has not performed since july, a number of times where the stock has had huge downdrafts, brief up moves and then followed by a subsequent downdraft. is it peak activism? maybe, but it's become increasingly more difficult. you wake up on a monday or a tuesday and see the stock you

were short for all the right reasons is up 8%, 9% because an activist is getting involved. pete made an excellent point, it should have been up and it should have stayed up today. makes you wonder on april 22nd, which is when they report, what they're going to say. i have been in the camp, it's going to move down to 62. it got close a couple weeks ago. >> jana needed to do what carl aca ak icahn would do with ebay which is split. >> i think this stuff is a work in progress. they're going to lever up. they're going to accelerate this buy back. i think 60 is probably a floor. we saw a trade, we highlighted it last week in the options market. somebody sold the jan 60 puts and bought the jan 70 calls. this reflects the fact they think it's going to take time to turn around. >> also want to bring up another name from that conference. jeff smith who talked about his firm's push with yahoo! was also there and talked about that stock.

have a listen. >> if you add up alibaba and yahoo! japan and the cash, that's worth more than the whole market cap of the company plus you're still getting the operating business which has a billion dollar in ebitda. it's not personal. it's not picking on the company and i don't think anybody else is picking on the company. it's just about value. >> pete, you're not in this anymore? >> this is an old story. we talked about this in the teens, literally in the teens we sat on this desk and talked about let's look at the sum of the parts. suddenly you start saying, look, how about the investment in alibaba and all the rest of it. got up towards $50 a share. now it's pulled back. now it's just one of these stories where it really trades with wherever alibaba is trading. >> also are shareholders that unhappy? it's been riding the alibaba wave and -- >> the core business is still a question for a lot of people. how is the core business and what -- some people say it's worth zero. i'm sure it's not worth zero but

what is the core business? is she doing a great job or has she just been along as for the ride? >> and that is why, guy, maybe they did not pursue a proxy fight. >> the arguments -- pete just said it, the arguments made for yahoo! at $44 are the same arguments we made $20 ago. these are the same types of things. they're actually probably valuing yahoo! core business at a negative number. i can't do the math in my head but it's pretty close. i think yahoo! has found a bottom at that $43 level but pete is 100% right. it goes as baba goes from now on. >> i say forget about baba. they're going to do the tax-free spin and who knows when it happens. i'd much rather own yahoo! than alibaba. i think you have more optionality there. let's say there is a deal, some sort of strategic deal or private equity puts the two things together and maybe alibaba buys them. i think you have more potential upside in yahoo! than alibaba.

>> we'll leave it on that note. the chinese solar stocks on fire on the back of the shanghai rally that just won't quit. but after solid gains in the past month, is it time to take some profits in this space? and speaking of space, don't hold your breath, elon musk's latest spacex launch plans getting scrapped then. what went wrong and are there already plans for a redo straight ahead on "fast money." >> the great thing about "fast money" is you're getting mume multiple president-eleerspectiv. >> i'm a long term investor. >> i looked at technicals more than fundamentals. >> i do tests. >> i'm a global trader. >> our investors want to make their own decisions. >> we deliver dozens and dozens of trades. that's what we do. >> "fast money" week days 5:00 eastern on cnbc.

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it was a big day for the athletic apparelmakers kicking off our top trades. under armour popping after 21-year-old jordan spieth became the company's first endorser to win a major golf tournament with his record masters win over the weekend. under armour first signed him back in 2015 marking the

company's first head to toe endorsement deal for a golfer. they then extended that deal by ten years back in january. competitor nike also making news today. the company launching its biggest ever women's push with its new better for it ad campaign. nike saying it believes women's line could add $2 billion of additional sales by 2017. pete, good call i guess by kevin plank in under armour. >> the aggressiveness in which they have put themselves in all kinds of different sports recently and obviously golf is front and center. but steph curry in basketball. they've gone to just about every sport and found themselves in a very good position. the footwear aspect as well. under armour is clicking perfectly right now. now at some point in time when you look at valuation, you have to look at valuation, you'd say, wow, this thing is in front of itself. can they keep up? right now they can because the growth is there. if that continues, that's going to be incredibly impressive. i think you have to be very careful because you look over at nike, they are positioning

themselves towards women. they attacked lu lu when lu lu was down. new lu lu is back. it's a great market, all three can survive. i think they could expand it even more to others in the world of sports. >> both of their fortunes have been going up together. under armour with that strong growth and nike also. >> they still have growth it's just a little slower because it's such a massive company. >> tomorrow morning if you have no position in either of these, i think nike is the better buy only because under armour has already made that move. let's say just like under armour i agree with everything pete said, nike at 99 bucks is not bad. you have to be a little worried about the dollar exposure but for now i think it's all right. >> next up, a huge day for jetblue. the stock soaring just under 6%. this after the airline reported an increase in jeer over year passenger traffic. passenger revenue per available seat a key metric also rising 8%. we should note that the annual airline quality rating results

giving first place to virgin america while jetblue actually came in, guy, fourth. not bad if you see the first two are i think -- the second one was hawaiian airlines. >> one of my favorite. >> aloha. >> jetblue is a name we've talked about for some time. it has underperformed until recently vis-a-vis the rest of the airlines. now it's catching up. vau valuation, probably more expensive than a delta. there's still a big short interest. the numbers auger well for the quarter. raymond james upgraded the guys in the middle of march. >> any other airlines interest you? >> i'll take it into aerospace, boeing is one that to me is a take profits in this one. this is one i was short about a year ago. i think here you need to be a little concerned. number one will the defense area do well and, number two, we've seen this global slowdown. they get a lot of new orders

from emerges and developing markets. >> next up a big rally among the chinese solar stocks after a big rally in the shanghai and hong kong industries. all logging big gains. rbc out with a bullish note saying yump pen and japanese solar demand remains healthy and recent gross margin pressures will subside. pretty much everything in china and hong kong went up overnight. >> it started last week. we saw u.s. listed chinese internet stocks go berserk. it's part of a mania going on. it's a much more mature market and we had all these yieldcos in the last year so we've seen a lot of restructuring. they're trading like real stocks and they're trading with oil. we have seen oil try to stabilize so it's got all of the fuel that it needs and those chinese ones have a super high short interest here. so it's not my cup of tea.

no chase this sort of stuff. it's a mania. >> i'm not sure this is a mania in solar. in terms of solar going into china, you're talking about a country that has a massive pollution problem and the government has already said they are going -- that's number one priority, and so how do you solve it? go towards solar and they're already putting money in there. while i agree with you that some of the chinese stocks are manias, i don't mind this sector. >> i just mean this price action today. i agree with the long-term secular trend. >> i'm glad you guys agree. coming up, jpmorgan and wells fargo kicking off bank earnings tomorrow morning. we'll hear from one analyst who says the street is too upbeat on the sector. the names he's most cautious on next. and later pete has one of the large cap oil plays that's seeing some massive bullish activity in today's trade. we will name that name when we return.

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still ahead on "fast money" live from the nasdaq in new york's' times square, the kickoff to bank earnings. we'll hear from one analyst who says the sentiment on the sector is too positive right now. plus elon musk trying to cut the cost of space travel. we have the details on the

rocket launch that was supposed to happen in the last hour. and later, ge falling after friday's big pop, but some traders say the run for this industrial stock nowhere near over. let's start though with the big bang set to report earnings tomorrow morning. my next guest says the analysts may be setting expectations a little too high. let's bring in keith and fred. fred, trading activity is up, deal activity is up, and the lawsuits seem to have calmed down a little bit. what does the consensus have wrong about the factors and why are you not as optoptimistic. >> and credit good stress test results. really right now the fundamentals of most of what banks do and that is lend money and take deposits continues to be under pressure. the flattening of the yield curve results in what we think is going to be continued downward pressure on forward earning estimates and especially at this stage of the cycle when i think one of your guests said recently we're in a late stage

bull market. that's a point in time where forward earnings estimates really matter because of the valuations and that's what we think is going to be under pressure. >> do you think they've been trading higher on the expectation that the fed is getting ready to raise interest rates and that will be good for these companies and their business? >> well, they've traded higher on that theory for the last three years on and off i'm afraid so i think that is some of it, but the fact is that for most banks, a few of them do benefit from the short end but for most banks it's the shape of the yield curve is more important than when the fed raises short-term rates. >> not moving a whole lot. let's talk about ones do you like. you have everyweight on goldman sachs and citigroup. why those two and not the others? >> well, sara, what you said earlier, some of the good things going on. a lot of it resolvvolves around trading in the first quarter where we saw better activity especially in fixed. that should help goldman. it's really the banks that are much more concentrated in the

core of spread lending that we have more concerns about. but we feel pretty good about goldman and citi also. one of the things about citi is if you look at the stress test we talked about a minute ago, their stock really hasn't done much and we think it was really good news for the company. >> not worried about the international exposure citi has? they're most of the big guys international, right? >> well, thas for sure. you always have to worry about citi. they are accident-prone so to speak but at this point in time given the valuation relative to the group and some of the core fundamentals and remember they have scaled out of a lot of their international business over the last couple years. so it is slowly, slowly becoming a simpler, less risk exposed company. >> we'll leave it there with your calls. thank you very much for joining us, fred. that is fred canon from kbw where he is the chief equity strategist. let's trade this. >> goldman sachs. we've said it now for a while. this quarter for fixed income at goldman sachs should be i'll go as far to say it will be a

record quarter given what we've seen in commodities and currencies. and blackstone is a name we've talked about, all-time high today. what we've said is their dividend will be cut for the right reasons. what does that mean? the stocks goes higher, dividend yield goes lower. i think that trend will continue. >> doesn't b of a have the easiest comps? >> fred likes goldman, guy likes goldman, i like goldman. fred has a 195 target on goldman sachs. it's trading call it 195. it keeps pushing up against this 196, 197 area. hasn't been able to get through it. happened last year. this year it was 192. here we are right in between that area. so i thi goldman sachs on earnings if they're as strong as what guy is talking about, i agree with him, i own calls. i think it goes to 200. >> dan, goldman or another name. >> i don't know why anybody thinks the quarter was strong for any of these. ipos were down 40%. so there was some banking activity.

i'm not very bullish and the stocks are telling you that. they're all underperforming for the most part the s&p. the one name that interests me is morgan stanley. they have the banking but also the wealth management. the stock has been flat lined between 35 and 36. a quality franchise. >> let's do a little trade school action. german bond yields inching closer to negative territory. b.k. has made his way over to the smart board to explain what this means. i have been looking forward to this all day. >> this is big stuff. actually, a lot of peoples eyes will glaze over when you talk about german bund yields and what not but stick with b.k. so first of all, first chart i have is the german yield curve. blue line is back in july 2014. orange line december, and look at april. what you see is just this huge flattening of the yield curve here. yields have come down because of qe, may have gone negative out

to four or five years. the question is, is that justified? when you look at this chart the original line is the business climate survey. the blue line is the german five-year yield. you start to see it. it tracks it fairly well. look what's happened here. the business climate survey has increased. the european economy is improve, at least for the time being, but yields don't reflect that yet. so that is concern for stocks in that area and here is why. this is the dax, this is the five-year chart actually going back to may. you look how much it's traded up. you see this big hockey stick? that's three standard deviations above the trend line. when you get moves like that, that's expected less than 5% of the time. these are massive, massive moves. a lot of money flowing into it. remember when we had the taper tantrum here in the u.s.? if you get yields in germany ticking up just a little bit, everybody is talking about negative yields now, but if you get these things to reverse just a little bit, any type of squawking coming out of the

bundesbank about we in germany aren't doing that bad, we don't need yields this low, we don't need more qe, anything like that could make sell off. anybody that's piled in, be careful here. >> are you do you actually play that? are there any hedged bund etfs? >> i think pimco has a bund etf although it never trades and i'm not sure on the market cap. the other way is really bringing it back to the equity market. dgxt is your hedged european stock portfolio. just be careful with that. take a third off. take a half off and take some profits. >> it has seen a big move. loved it, b.k., at the smart board. time for pops and drops. the big movers of the day. we've got a drop for cliff's naturals. down 2%. >> they report in a couple weeks. there's some big call buying. we saw it in front of the last quarterly earnings.

20,000 of the april 6 calls, paying 34 cents. that's an interesting levered bet to the upside. high short interesting here, 51%. if you're going to play a name that's kind of distressed that's one which to do it. >> drop for symantec. >> gave back what they gained on friday when they talked about spinning out veritas. news was maybe there's not that much interest in it. i do like this name. i like palo alto networks better. >> a drop for fossil down 4%. >> they lowered some earnings expectations. this is a stock that's been reacting as people have been looking at the apple watch. will it really started to cause this to struggle? i'd say it already has. the stock is near the lows. >> a pop for barnes & noble up 6%. >> big move. when i saw this move today i forgot barnes & noble was even a publicly traded company even more. kind of gone the way of the dodo bird. but that being said 6% move today. things could be so bad that it's good here.

it really seems to be no man's land. if it's b.k., he left swipes. >> that's a tinder reference. >> it can't be a good sign if you don't think it's a public company anymore. coming up, elon musk's latest spacex launch getting postponed. we have all the details ahead on "fast money."

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it is time for unusual activity. pete, you're watching exxonmobil. >> and i'll tell you what, the last couple weeks we've seen a lot of paper coming into the integrated names, conocophillips, exxonmobil. 50,000 of these were bought to the upside. very inexpensive, talking about 25, 30 cents somewhere in that range. very interesting to see this. exxonmobil, i bought it, i'm going to hold onto it for a while. >> got it. a spacecraft filled with supplies was supposed to be on its way to the international space station now courtesy of elon musk's spacex team but with three minutes to blast off the launch was scrubbed due to the weather. join wells joins us from los angeles. do they have a new date yet? >> tomorrow, tomorrow 4:10 in the afternoon eastern. the supplies included an

espresso maker but more importantly spacex was going to try to recover the lower stage of the rocket. then the weather changed. >> hold, hold, hold. this is lwo, weather is no go. >> reporter: spacex ceo elon musk tweeted the problem was lightning from an approaching anvil cloud. they will try again tomorrow. recovering and reusing rockets is considered the holy grail of rocket science right now. they tried to do it in january, failed, hahn out of hydraulic fluid. just today their main rival ula, they have announced their own plans for a reusable rocket. there you go. that was they hope not to repeat that. >> yeah. i would think so. already. we'll check back in with you then tomorrow. hopefully the weather holds up. jane wells. so what is the trade here on musk's empire. dan? >> listen, his empire, spacex we can't trade. tesla is one to me, we know they have this april 30th product

announcement, if it is a battery for the home, we know the stock gets cold. their earnings if the margins are weak, i think the stock gets sold. i think you see g swizzles 180 again. you had a very nice call off 180 but i think they sell the announcements and i think this is a story that will take some time to work out as a stock. i think the company amazing, amazing product but i think you sell it here at 210, 215. >> you see 180 again that's not going to be good. just saying. those anvil clouds are nasty little things. i think -- i'll take the other side. i think we go smoking this thing through 225, this thing being tesla the stock. >> i think we're going to have a twitter bet. >> the must solar play. >> the solar city side? >> yeah. all these solar names in the u.s. have already had quite a rip. it's hard to get into them on that. on tesla for me, it is a longer term play. >> pete, any thought?

>> tesla, to guy's point, what i like about it is the options are fairly inexpensive. le volatility has come down significantly. gives you an opportunity to play in the options world. i wouldn't want to own it in sterms of stock. i think it's far too janger dangerous. >> general electric giving back some of the gains. all of the details right after the break.

after general electric saw one of its best one-day rallies ever, some traders are getting ge stock will continue to hold those gains. dan nathan here with the action at the smart board. >> this is the day after the stock was up 11%. options volume ran three times average daily volume. calls outnumbered puts two to one. there was a trade that caught my eye. it was consolidating some gains from friday. a trader sold the 26 puts to the downside and used the proceeds to buy the december 26 calls. i just want to make the point here this is where the break even is to the downside. they're playing for more upside here. >> we will see.

after a down day today. for more "options action" check out our live show 5:30 p.m. eastern on friday. so this week we're starting a brand new segment here on "fast money." it is called "ask ken show." ken show is a market data analytic system that can find answers to more than 65 million question combinations by scanning more than 90,000 different actions. so that can include things like earnings releases, economic reports, company product launches, fda drug approvals. it can check out stock price triggers like when a specific stock is up 10% in a day what usually happens next. or if a stock approaches its 50 day moving average or 200 day moving average, where is it likely to go. calling all market nerds in our audience, we're giving you a chance to ask kensho. tweet us @cnbcfastmoney or end us a message on facebook.

we will feature the first question and answer wednesday on the show. i know the traders all have questions for kensho as well. >> can you tell me how they get the little ships inside the bottles? because that is one that's always been one of those seven wonders. >> we have your first move tomorrow when we return. when the world moves, futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. all on thinkorswim. from td ameritrade. it's more than tit's security - and flexibility. it's where great ideas and vital data are stored.

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in the next few minutes, senator marco rubio is set to publicly announce he's jumping into the 2016 presidential race. the junior senator announcing his candidacy this morning on a call to donors saying he'll make his formal announcement tonight down in miami. to watch the event live and you can see the crowd is already there with mare camera phones, you can log on to cnbc.com right now. your second screen, we're streaming the event live for you. watch tv on cnbc, go on cnbc.com. final trades. pete? >> happy birthday to my daughter alexis. and lowe's. it's going to go higher. >> b.k. >> take profits in europe. >> if yahoo! sells off on

earnings i like the core down here 40. >> guy. >> home depot, that's the other side. >> thanks for having me. catch "fast money" again 5:00 p.m. eastern. melissa is with jim cramer starts 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. i promise to help you find it. "mad money" starts now. i'm cramer. welcome to made money. other people want to make friends, i'm trying to make you money. my job is not to entertain but educate. call me 1-800-743-cnbc or tweet me @madmoneyoncnbc. most stocks are trapped. either by the index they belong to or the etf they're a member of by the traditional