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tv   Fast Money  CNBC  April 28, 2015 5:00pm-6:01pm EDT

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very important role in every aspect of what we do from the moment we start creating music, i mean i'm creating music on my phone, i create it on my laptop, we've always been digital recording artists. and when we take to the stage or video, it's alleways music technology. >> love having you on the program. best of luck. we'll be watching and listening. "fast money" begins right now. live from the nasdaq market site, this is "fast money". i'm made wlelissa lee. we have two huge stories we're following for you tonight. twitter's nightmare, shares in free fall in the after hours. having its second worst day ever. results getting leaked early. just plain ugly. and gopro beating on top and bottom line. cnbc on the calls getting under
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way right now. josh lipton will bring us the headlines. julia boorstin will have the latest. and also the man who downgraded twitter yesterday, what a down call. and it's not just twitter and gopro moving. wynn out with a big miss, u.s. steal falling, buffalo wild wings tumbling hard. but we kick it off with twitter. take a look. the social giant missed results sending shares immediately lower. shares were halted when they resumed selling picked up. just brutal price action here. what do you make of that? >> first of all, price action to me is just unbelievable. we had wynn town 10%, twitter 20%, which company do you think has a better opportunity going forward. i would say twitter every day and twice on sunday. so down 18% to 19% to me it's interesting for a trade. however, they have an execution problem. so it's probably going to be a quarter or two before this is an
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investment once again. >> first quarter revenue, maybe they ze resreset the bar enough. >> i think you have to figure out what you're looking to invest in. is it a news thing, an ad thing, social media, all three? they don't know what they are. we don't thougpt thon't thougpn. so no one has any clue. i'm still long. it doesn't hurt 50%, it hurts 100% to see a stock fade like this, but i think it's a buy coming off the level it's sold down to today. >> the question is are we giving them enough time to develop their product base. so whether it's periscope, the video online, whether it's second half or their google search will start to include twitter, this is all stuff that people say should have done more. i think if you look at
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facebook's ad load and you say they have about 2 million advertisers in facebook -- excuse me, twitter call it 100,000, that means it translates. probably $5 billion, $7 billion for to wit awitter out a couple. 75% growth is still better than their peers. at 40 bucks, take you a lot of the stock back in. and this leak, you should not be punishing the company on this leak. >> they're not punishing on the leak, they're mpunishing on the numbers. revenue slowing, revenue growth slowing is a problem. that's what people are looking at. they came in line on multiple other area, but you look at the mobile growth that area was pretty impressive. mobile monthlies up 80%, so that's something i think you can hang your hat on.
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i'm fuactually bullish. i think oversold, but i think this thing would have sold off either in the after market or like it did in the regular market. >> context of the drop is that since the last earnings report, twitter shares up roughly 24%. so back now to february. >> and when this stock was getting teed up on the floor, you started looking at level, it was sub 50. and then middle 40s. as soon as you got to low 40s, and then they even went right around $40, you went $38, $40, that's where people were tripping over themselves to rush in and say no way it will open up that low. that's why it popped. >> we're 4:20 something into the conference call. you would buy twitter at these levels at this time? >> i think i would stop myself at 40 brucks. i think i could trade the stock here. >> i think the best way to trade it right now, sell puts, you can get in at a better level. >> i would buy for a trade.
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>> right here i would buy it. >> well, as i mentioned, the conference call under way right now. listening in, robinson humphrey and bob peck who just downgraded the stock from a buy to a hold. because of the massive run that we had seen leading up to the earnings results. bob, is the stock being overly punished? >> no, we think it's appropriate. they missed obviously q1, top line. second quarter they also died down. but guidance full year also implies a slowdown second half of the year, as well. ceo said problems q1 will persist. on t things get worse second half of the year. concern point is that the revenue is glowing from price. pricing fwloet is now 30% versus 10% and engagements, people engaged with the ads is down by half.
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would we' what we'll be listening for is engagement metrics they can give us and also double click may indicate back end systems are having issues. >> going into this quarter, what has investor sentiment been like any imagine when an analyst downgrades a stock that has had a massive run day before earnings, could you get a lot of hate calls. what was it, what was the temperature? >> i think every was very bullish, i think everyone was confident on the maus numbers which came in pretty close especially when you include sms. so i think people were hoping 320 range. so people are bullish on the metrics. we pointed out in the review note we weren't too sure, to be cautious. >> you've mentioned the head
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winds. does it make twitter more of a takeout candidate? >> there was a rumor out in the marketplace about another firm, google, going after twitter. mind you you're still talking about a $40 billion to $50 billion check. and even google doesn't have that type of cash at least in the u.s.. so it would take a very large partner to do this. we have no idea of any m&a. it would still be a big deal, though. >> all right, bob. we'll check in with you later on. he'll be here with us for the entire hour. at this point, do you think it could be a takeout target, it's so bad, something has to be done to improve? >> it opens up the possibility to it. after it hit up that $50 level, if with would he have had numbers that were a little bit, i'd say absolutely not. but absolutely now. getting down toward $40 a share. bob was conservative, but he had a great run. this stock went from $30 to $50 last night, yesterday, he made that decision. hey, look, let's take this thing off the table for right now.
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lower it down from $58 to $50 on his target. and, yes, down here well below bob's target in the 40s. >> does this make facebook look even better? >> i think it does. one of the other things bob was saying to us, the engagement from twitter is a totally different experience and less valuable experience than facebook. so right now twitter is trying to figure out where the value is in their model. the syndicated audience, all this stuff people don't know what to do with, it has a lot of value. we just don't know how to value. i think the scale is very important for this company. i'd stay there. >> i use it as a news feed. but you're not sure when you talk about is it a takeout, bob and i talk about this in the past, it's probably too high of a premium to be a takeout. but why are there no activists in the name at this point? there has to be something that somebody can tweak at this point in time with twitter. >> what they could tweak is most likely dick comes tell oig.
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i think it puts the pressure on him to execute over the next quarter. they didn't excite this quarter. so he's in the hot seat. he has to prove to everybody. one thing i thought was interesting bob mentioned was the pricing metrics. last year i said they were so far away, they only had to make up a small amount -- >> only had to do one thing right. i remember that. >> and they did that right. now the question is how much more is left and that's why you buy it for a trade, but you wait for an investment. >> certainly a lot of questions to answer including questions from the gang at quack alley. tomorrow morning 11:30, dick cost lowe will join them. up next dennis gartman will explain why he's buying shares of the battered social guy apartment. and plus win some, lose some. shares of wynn are crapping out
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to the tune of 10%. get it? craps. in the after hours on disappointing earnings. we'll tell you why the results are more than about gambling. and flying high, shares of jetblue up 7% after beating earnings estimates. he'll tell us why it is clear skies ahead. there's some facts about
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lows moving lower. the call under way. so let's bring in josh lipton live who is tracking the call. >> gopro did beat bottom and top. smack if line with what the street was looking for. the call really just getting started. we had the ceo saying it was a well executed quarter. second highest revenue quarter in the company's history. we want more color on the cameras. hero 4 or the cheaper version. the kind of foot print oig they're getting internationally, you'll hear questions about china a, granted hole competition, but bulls have to
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believe there is growth prospects. i'll bring you headlines as they come. >> thanks so much. we'll check back later on. what do we do with the stock is this. >> if you think it's a hardware company like i do, you say even after a major pull back, and i've been very negative, you get you neutral around here. first of all, 50% of the float is short right now. so i wouldn't want to short the stock. i think if you think of it as a hardware company, and i do, i repeat, 27 times next year's numbers, it's very expensive for a company i think has enormous competition in china and other places. so a no touch for me. not surprised to see the disappointment. >> and we put the camera up to the test. we shot video side by side. specs are technically better, and the difference between the two have very small. and the price of the xiaomi is like 64 bucks. >> pretty amazing. but is it something like apple. does it have enough cache where people say i want to own this gopro. i want to have a pair of nikes
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and i want to have an apple product. i actually think that it does have that. and to tim's point, it's a hardware company trading at 27 times. but look at the growth. so like many other names, if it can can sustain the growth, which it has been so far, if they continue to sustain the growth, then it's not overly priced at these levels. >> you've been a bull. >> i still am. it's a media play, an ecosystem play. they want to have you locked in. >> locked into what? they have a camera, you post it on youtube or something like that. >> it's not about that. it's the nhl deals, a new way of streaming the media, a new way of looking at live television. x games are coming up. those things are more exciting. they have had this competition over the last couple years. so if you're going to buy it at these prices, which i would, you have to believe that they are
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going to turn themselves into a media company and have an ecosystem like apple had that people will want to buy their product to participate. >> now let's get the latest in baltimore. eamon javers joins us live with more. >> reporter: hi, melissa. we're here at baltimore city hall. there is a large maryland national guard presence here protecting city hall, but take a look at this live shot over baltimore. what you're looking at that we've been looking at for the past 20 mimnutes or so, is very large but calm crowd that marched down pennsylvania avenue toward intersection of pennsylvania and northwest street. that's where the cvs was burned nearly to the ground. we saw a lot of looting activity. today we're seeing a very large crowd, it looks like hundreds of people now have converged on the scene there. they're chanting, carrying signs, chanting slogans. we saw one person actually over
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a trash can in frustration, but the person right behind him, you put the trash can right back up. so clearly a mix of intentions, but so far calm is prevailing at the scene of the epicenter of last night's riots. but a very large crowd has now gathered. >> all right. thanks very much for that update. now back to the twitter story. stock making some small gains following the huge drop in the final moments of trading. dennis gartman buying. why did you sdyou decide to ste? >> markets will remain irrational longer than you or i can remain solvent. why you took a stock down 20% in the course of two or three minutes made absolutely no sense to me. this was not like we were talking about in the office, it was not like the flash crash. this was just a one off sort of flash crash. watching the pros on the floor
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trying to make a mark and deciding it's worth putting in an order. we bought- -- we got lucky, bought it at $40.40. i think at these prices at $41, $42, and i don't even have a twitter account, twitter makes some sense. you've done enough damage in a short period of time. i like what beaks had to say. that's a trade, it will take a while before it becomes an ebb investment. >> it was on your radar or simply the drop and you thought it has to bounce? >> latter. i was watching cnbc office. and i said, chip, let's take a punt here on this. this is absurd that you're taking this much off a stock this quickly on what appeared to be at least it me an earnings beat. yes, i understand it was a
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revenue to beat, you about an earnings beat. sometimes you just have to step up. i knew how much was at risk. i was surprised how fast it went town a down and even more surprised how quickly it went up. >> dennis, thank you. twitter shares are up a little bit, maybe a dollar or so from where it closed. you saw some options activity. >> yeah, at 3:09 eastern, suddenly the news breaks. you start to see some of the may 45 puts traded. stock was trading a little over $49. halt as few minutes later right around $48.80. and then when it reopens, options trading $5.65. not such a bad trade. but that is something we talk about program trading all the time, looking for news sources. somebody had a program trade, they got the new, able to the attack. >> you go back to the 74 level,
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use the level of 29 1/2 and you come up with $40 basically is the 236 number. everyone looks at the same numbers. everyone knows the technicals on this. i would not be shocked if this thing bounces tomorrow at the 46. >> up next, wynn resorts, buffalo wild wings and u.s. ste steel all falling. we break down those earnings. and later gopro call well under way. what the ceo is saying to analysts.
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off the wynn conference call, steve wynn says the company is strong, the situation in china is unchanged since it began in october. not much he can do, so the company reacting, quote, smartly. revenues fell a third to $1.1 billion. a miss. bigger miss on the bottom line. actually the gaap earnings were a loss. taxes fell 45% to $212 million. most of the blame of course blames the vip segment which the chinese government keeps tracking town on. steve win oig has raised about clarity in china, now says uncertainty is the play game of the day. so dividend has been slashed from $1.50 to 50 cents. listen. >> it is fool heartedly and immature and unsophisticated to issue dividends on borrow money.
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we only distribute money that is free cash flow based upon our earnings that trail. and i might add that i and my board of directors would not z hesitate toeded a just without any apology. >> who doesn't win with a lower dividend? vegas being a bright spot, steve wynn who is no fan of the obama administration says the idea of a great recovery is a dream, that it's patchy and, quote, what will the second quarter look like in las vegas? weak. weak. he repeated. back to you. >> all right. jane, thanks so much. wynn resorts kicks off our earnings play book. so what is the trade here at this point? >> it's been so beaten up, but as jane said, if you're reliant on 70% of your earnings for
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macau, then you have to look elsewhere. if he thinks it will be weak across the board, investors don't want to hear the reason. they immediately sell the stock. las vegas, same type of setup there. more revenue, but same type of setup. mgm is up 4% year to date. you want to avoid macau, you go to mgm. >> in terms of dividend, people wanted them to cut the dividend and this is something that is out of the way. >> this is really a tough one because there is a lot of analysts that said they thought a $6 dividend was safe and they thought that would preserve something. even though he's not being immature, so ultimately this means that he is doing the right thingdividend h macau number were weak. i think stabilization is happening. some of the part means it's $145
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company, so i will say this, the chart looked fantastic before these numbers. it was putting in at very strong base between 125, 130, broke through all that, takes a look at the chart, got to pick your spots, but wynn after these numbers, that is what you want to hear. >> you said 145, stock at 116 or -- >> some of the parts again, if you add up the assets, that's where you get to. >> okay. next up, u.s. steel posting unexpected loss of 7 cents a share. company also slashing 2015 guidance. >> yeah, so long this in with some of the coal stocks pun intended on companies that got a bid because it's so bad it has to be good. there's probably not a heck of a lot on the horizon to drive the catalyst. so this particular commodity trade is probably over in the steel numbers for now unless you
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see a massive economic uptick. so i would stay out of this name, i would either get out of it, but do not buy here. >> so bad it's good. that sounds familiar. >> we all know the negative story. we all know -- and what my risk is? $4.53. you have to know these companies, there has been an epa hunt to kill these companies. they have done to a large september. there is the obama administration wants clean coal. i don't think that exists in this environment. so either you buy it and hope that it doubles or it's out of business. >> and your hope is that it doubles. all right. buffalo wild wings missing on the top and pot libottom line. >> it's getting slammed. same store sales were great but not good enough. they also had the same thing happen to them in terms of the earnings and revenue.
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that's why the stock is getting hammered. when you look at the chicken prices, last year at this time it, low. now up extreme levels. they're trying to move towards more pork. >> pork at buffalo wild wings? >> they're trying to diversify themselves. i think this is a nice move by sally smith, ceo. she's done an outstanding job taking care of this company it in all the right ways. right now it's difficult because of chicken pricing. i think it's probably a buy on this sell. >> strategy driven going into pork and you're buffalo wild wings. i don't know. >> got to diversify. still ahead, jetblue shares rallying hitting a fresh 11 year high. we sit down with robin hayes. plus after the break, dick costolo taking over the conference call. is he finally off the hot seat?
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welcome back. twitter, dick costolo kicked off
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the kacall focusing on the company's shortfall and the big potential he sees for twitter moving forward. growing its core user base with better products and also tapping into what he said is the half a bill dwr i don't know people who visit twitter but don't log in. >> after five consecutive quarters of 97% year over year rev crew growth, we underperformed. we anticipate fact are tors that affected our first quarter results will also affect our 2015 guidance. while i'm disappointed, i am proud of the team's focus, innovation and energy around the way we managed the business in light of the shortfall. >> costolo talked about two areas where he sees particular value going forward especially, he talked about periscope saying the video liver streaming app has a million downloads in it
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first ten days. he also talked about the potential this video in particular saying it's particularly engaging for years and also valuable it from apadvertising standpoint. anthony saying they will start to count the people using sms version. he said if you count tohose use, you would have 6 million more and going forward they will be counting those additional users. the q&a session is under way. we'll continue to listen in. >> let's get back to bob peck. what did you make of the call so far? >> so ceo pointeded out a couple things. direct response revenue was driven by pricing, which is a bit of a concern. so advertisers stopped bidding up their price to go a certain point. so twitter's response is it cut its click through rates or what it counts as engagement to
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deliver roi for advertisers. also they mentioned that they increased their ad loads. so you're are seeing more advertising per time line view. so those three factors very important. they also mentioned it's important to focus on the targeting and measurement. do you remember in our preview note, we talked about the not safer work continents out there. these are short term issues for the next couple of quarters. longer term, it should provide an opportunity. last thing i want to point out, he didn't give maus, but he did say the trend seen before they're not seeing them. so april starting off weak. >> all right, bob. meantime gopro earnings call also under way. shares are higher. let's get back to josh lipton. >> yeah, a sharp reversal here in the after hours. and that is on guidance from the company's cf oechlt who is guiding q2 eps of 24 to 26
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cents. a dime better than expected. better than the 334 million that was expected also gross margins come in better than expected. on top of that, gopro likes to talk about its footprint in social media, so ceo talked about that. >> distribution of gopro kept drives social ingaenlgment. facebook followers total more than 8 million and gopro subscribers are up 48% year over year to roughly 3 million. twitter followers are up to 1.4 million. and we remain one of the top ten brands on instragram. >> granted those social media stats are soft, so then stone any bates t tony bates had harder start, he
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talked about their international growth noting revenue were up a combined nearly 70%. >> thanks, josh. market perform rating $105. alex, good to have you with us. josh is going over how management was stressing how go proceed oig compared to other social media sites. is that important, does that feed into your model whatsoever? >> longer term in terms of j and p security value, is it does. near term, it's about the spectacular growth. there is that fly wheel effect of the social media element of the story helping drive the hardware side of the story. we look out, though, and what tony bates started to touch on on the call with their software investments, we really do believe that there is a new media aspect of the story.
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the coma an investment, augmented reality today. so gopro can go a lot of different directions.an investmd reality today. so gopro can go a lot of different directions. >> first quarter was a miss top and bottom line. second quarter looked like great gr guidance. what are the different leverers that gopro is testing? >> well, first and foremost, getting into international markets in a bigger and better way. so it's not unlike the success that apple is having in taking its brand global and delivering a premium quality service to markets that really want it. so the emerging market growth strong levers, completely unsaturated. so near term, because the seasonality is against it in north american western market, it's about the international markets. but then also in terms of the other levers, and we talked about the social media, when you see the kind of increases that
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you've got out there, global awareness which is up 70% over year over year which is faster than revenue growth, that's an encouraging leading indicator that the guidance which is first respect acceleration can continue to go up. >> alex, thanks. >> these numbers are fine. alex is talking about a company growing phenomenally. to me i think the next few quarters will be very strong for the company, but to say that it's a validation and not a threat, i think it's absolutely a threat, not a validation. it's the inevitable. and that's something to watch out for. >> but i think what alex was talking about, he talked about brand. i continue to pound the table on that. it's about brand. they want nike, they want apple. and they want gopro. end of story. >> so you're buying the brand. >> you're buying the brand, a brand that is growing at an
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incredible rate. >> same with apple, right? apple is just a phone. you're buying the brand. >> you cannot compare them. first of all, the functionality, ecosystem to say that a camera that a lot of other people probably already have, we did the side by side representation, to say that it's exactly the same -- >> but i'm not comparing -- >> four of us on the desk don't have a gopro product. >> i'm not talking about the apple hardware. an iphone is apiphone. there is no difference hardware wise. items brand. it's the ecosystem. the youtube users. shares of jetblue soaring today. we talk to the company's ceo. a "fast money" exclusive. i'm only in my 60's.
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year. joining us now on a cnbc exclusive a robin hayes, ceo and president. robin, a pleasure to welcome you. >> thank you very much. great to be here for my first visit. >> congratulations. i want to ask you about the revenue per passenger mile. a lot of analysts is saying it is the envy of the industry. what are the most effective levers to increase that to the point where you're outpacing your peers? >> i think we have a very strong network. so we have our six focus city, new york, boston, ft. lauderdale, orlando, long beach, san juan. and they're all performing extremely well. in addition to that, revenue management team have done an amazing job and i think some of the product investments we've made have come together to give you a strong revenue performance. >> right now it's annual about
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5% of the total miles fleown. what are your goals? >> we are so ecstatic about how well mint as done and we started with jfk, lax, we added san francisco, we announced bar bbas and aruba. and we are evaluating new markets how. i've said before that i think there are markets like boston, san francisco, boston lax will do well. we will make a decision now. but we should expect more mid markets next year. >> who is traveling mint? is it business travelers? >> we really focused on individual leisure travelers and small medium sized companies who didn't get access to the corporate deals that the larger companies had. and we're seeing those customers. but we've seen a lot more corporate business, as well. from the larger companies.
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which has really been great to see. and one of the complaints we're getting about mint, if it's a complaint, is quite often some of the peak flights are sold out days in advance. so you have business travelers who are trying to hop on the last minute and they can't get a seat. so that talks of the potential growth. >> i want to talk about technology. you have fly-fi which is the so far still free -- >> and staying free. you heard it here on fast money owing. >> because you're charging for bags now. you're doing things that prior jetblue said they would never charge for bags and now you're channing f charging for bags. >> we haven't started charging for bags yet. we have one fare that has a bag included. what we are rolling out later this quarter is three different fare products. if you want to fly and still have one bag, you can do that.
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if you want a fare with two bags or three, there is a choice. in terms of fly-fi, this is the new frontier. when we put the live tvs back in the seats over ten years ago, i think fly-fi, no one else can do that. we have a number of content deals we are working on and i think the ability to stream content for customers live in the air either free or very affordable price point if you want to stream movies, i think it's exciting. and then we talk about we're rolling out ipads to flight attendants and apple pay. i'm wearing my apple watch today because from here, i'm going down to orlando to meet 204 new crew members. and i have my boarding pass. up monitor, announcements, gate changes.
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it's one of the most stressful parts of the travel experience. with the technology now, everything is on here. departure time, your gate. it really takes a loot of stress out of traveling for customers. >> one last question. where did you see fuel prices from here to the end of year? higher? >> i stopped trying to work out fuel prices a long time ago go. we've been on the sides for a while now. we came in with hedging book of between 14% to 20%. and we've not unwound those nor have we added to them. so i think we're just taking a wait and see approach. >> robin, thank you so much for coming by. first interview, robin hayes, in a cnbc exclusive. let's trade this. you actually bought in. >> i own calls just because i expected pretty solid from you guys because they don't have the international exposure. but on the fact that a lot of international type names -- up exposure, but not the same degree.
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american airlines, i inbought se of that, as well. >> i like measuamerican. robin and his team are doing everything right. what spurred the spike, the guidance. they have real earnings potential, they have margin growth. but i think it's priced in. stock up 140%. american has the best combination and it's a prove me stock. >> it's up 32% year to date. they have a lot to do right. if you you believe oil is going higher, he's navigated a lot with hedging. but i think it's priced to perfection. i think you have to go elsewhere. >> i would just echo that, in jetblue, you want to take profits and i brought it out to the iyt. still looks challenged. >> take a look at this chart. we're seeing a remarkable turn afternoon oig turnaround in airs of go proceed
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oig. we'll get the story. take a deeeeep breath in. . .
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tsplit second stats. it's so close to the options floor. you'll bust your brain-box. all on thinkorswim. from td ameritrade stratus shares down about
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16% on 180,000 shares of volume after the 3d printer maker estimated first quarter profits came in below -- well, they came in below analyst expectations. company citing a strong dollar and decline particularly in north american market and they cut sales an profit forecast. so you can see shares down by 16%. back to you. thanks, dom. and of course the space very volatile. you kept saying factory in a box. >> factory in a box. >> put in the top drawer. >> you don't have to look at days like today. i still think it's a revolutionary technology. obviously stocks are trading terribly. although stratus at 40 bucks, that's where support comes in. >> time warner releasing earnings before the bell tomorrow. shares up 8%.
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mike khouw has the action. >> we saw well above average daily options action. this is a name that typically moves a little under 3% on earnings. implying it will move a little bit more than that. which direction will it go is this one options trader are believes it will go higher. they bought the one by two call spread. they spent 66 cents to get long net 84.5 strike call. because they're short two, profits actually trail off. so that's their target price. betting 66 cents, that's up 3%. >> thanks for that, mike khouw. for more options action, check out tlive showing 5 0:30 on fridays. coming up, the earnings call wrap-up.
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why do we do it? why do we spend every waking moment, thinking about people? why are we so committed to keeping you connected? why combine performance with a conscience? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you, it's everything to us.
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the xc60 crossover. from volvo. lease the well equiped volvo xc60 today. visit your local volvo showroom for details. dwigtwitter shares lower. let's get a final word from bob
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peck. what do you make of stock? >> the bulls will point to longer term evolutionary product, new ad products. the opportunity to log off years. but we think the behaviors will point to the changing economics. a couple quarters will flow through. less visibility on users. we have multiquarter head winds here for the stock. >> so you're comfortable with the downgrade? >> we are. >> bob peck, thanks so much. again let's go over straw poll, now that we've heard everything there is to hear, how are you feeling? >> i'm not buying tomorrow, but risk is to the up side. >> i'd be selling puts because i think i'd be able to take advantage of the volatility. >> buy for a trade, not for investment. >> stock took a $2 hit after hours. you have to hold today's lows.
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let call it on the reopen $40, it must hold that level. >> okay. and be sure to tune into "squawk alley" tomorrow for a live first cnbc interview with dick costolo. time it for the final trade. let's go around the horn. >> a big run. trading the russian stocks, take profits. big resistance at 12 bucks. >> and argentinean oil ypf huge paper out there. i'm in. >> that is a bold call. i'll tell you, maybe a safer call thinking things will have a problem out there, we'll have more qe, particularly in china, gold. gex poking its head up. i like shiny things. >> twitter, but you really have to keep it on extremely short
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leash. it cannot print procebelow 40 f long. >> see you back here tomorrow at 5:00. "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. i promise to help you find it. "mad money" starts now. >> hey i'm cramer. welcome to "mad money" welcome to cramerica. this time from our san francisco home one market. other people want to make friends. i'm trying to make you a little money. my job is

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