show. >> we certainly will. >> now i'm hungry too. >> tonight at 10:00 p.m. >> see, they're business guys. thanks for being here. thanks to the panel. that does it for us on "closing bell." "fast money" coming up if a few minutes. what's on tap? >> we have a report with the ceo. >> i can't wait to hear what he has to say. over to you guys. >> live from the nasdaq market site, this is "fast money." i'm melissa lee. our traders are tim seymour, dan nathan and brian kelly. monster moves after hours from cisco, j.c. penney and plus the latest results from the slew of clinical trials coming out of a's coe right now. plus we're monitoring the ntsb press conference on the tragic train derailment in philadelphia. but first, we start with the

news of the night. cisco slipping after hours despite beating on the uptop and the bottom line. this is the last call for the ceo. >> the expectations are not high going in. the fact they made the announcement about the ceo change, i don't think anyone is expecting some big changes here. john chambers is not going to lay an egg on his way out of here. i think it looked pretty decent. i think it's importance to remember in february when they reported, chambers was unusually bullish about different segments and geographically about some area that caused some problems. they were dealing with the strong dollar so it looks like more of the same from february. the stock is probably going to get bought on any weakness that we see in the coming days. >> it should be bought on any weakness. if you look at where they're earning and that they're -- the fastest company in the market and then the security business, which we talk about all the time. they're seeing some of the big

geographic segments getting bigger and bigger which had been in decline in terms and cisco wasn't benefiting from for the last four to six quarters any weakness should be bought. 16 times next year. this as good of a value as you'll find. garp, use it here. yes. >> it's not a crazy valuation. we talk about the kitchen sink quarter for the new guy coming in. i don't think this will be that. it's more of a continuation of a management philosophy and a management team. that's already been in place a long time. so i think -- i think this will end up being a seamless change. >> well, my concern is that we have been so bullish on cisco. chambers was so bullish. now we're seeing global economies slowing a bit. we saw that with the u.s. numbers. then we you look back on 2012 and 2013, we saw this dip in the economy we saw the stock go down 23% to 30% respectively. for me i'm a little concerned here. that they're not going to have

that growth. i'm not saying it's falling apart. but i would much rather be into one of the companies that they may be buying to get that growth than i would be -- >> i'm glad you brought that up. >> they. >> we saw this spike today on the notion that cisco could buy fire ice specifically. >> and what cyber security makes up it's the timing we just talked about the ceo change. the likelihood of them making the largest acquisition that they have made in more than ten years in the face of this management transition is not very likely right? so to me you can almost immediately dismiss those sort of rumors. >> does the new ceo want to make a big splash and here's a guy that people have been concerned about, if anything the one fly in the ointment is he's on that side of the business a that's right been a ceo type. he has a vision or lacks a vision. to go ahead and make a deal. i'm not saying that happens

tomorrow but that's interesting. >> let's get to josh lipton. monitoring the cisco call. >> well, melissa, the end of an era in silicon valley with long-time ceo john chambers stepping down from that role come this summer. on the call, chambers talking about where cisco is today and how positive he is about where cisco is headed. take a listen. >> cisco is in a very strong leadership position. our vision and strategy are working. at every company, city becomes digital. cisco is best positioned to help them as they become digital organizations. >> now chambers saying cisco in his words was at a positive inflection point. as for guyon's q4 revenue, q4 eps, 55 to 57 cents and the street was at 56 cents. chuck robbins the incoming ceo

is on the call, haven't heard him answer any questions just yet. but the q&a session does start. if he offers color, we'll get the headlines right to you. melissa, back to you. >> okay. so the guidance is in linish. >> very line. i'm in agreement with all of the guys. i think bk has it right. if global growth doesn't komd congresscome back, the stock is volatile. when you see their commitment to capital return and where they're exposed the only down side i see, i think some people would have liked to have seen the outsider come in and make transformative sort of thing. putting somebody else in place who's been there for 17 years under chambers you won't get anything different than what you expected. so to me you're kind of stuck with the same story that you had a year ago in my opinion. but i think what -- >> what's wrong with that story? >> well because i think you have to remember guys this is a company that you know as of two years ago people were

calling for chambers' head. this is a company that's been doing restructuring after restructuring. a low to mid single digit grower, so they have to do something transformative. >> but these guys are a core part -- basically the switcher business they dominate this like nobody does. they're in a microsoft kind of position. there's nothing broken in there. i would almost think that a new ceo or someone from outside would be indicating that things were broken at cisco but they're not. >> the problem is when people are calling for chambers head, the company was not delivering on their own guidance. >> he was overstating, absolutely. >> now they're to the point they are. >> his guidance was fine. dan brought up the fact about capital return and buy backs they're one of the larger buy backs out there. there's a cushion under the stock. i wouldn't say short this stock. there's a cushion there. but the question is what kind of growth, are we going to get that cap exspending that everybody has been waiting for?

if you don't get it, cisco is vulnerable there. >> it's not unique to cisco though. looking for growth somewhere. this is not their problem. >> let's get to the return of the day. look at the u.s. dollar over the past month. this is a big move. down just under 6% in the past 30 days and we are talking about this earlier in the context of earnings because it's interesting what happened with the dollar in the first quarter and the turn around that we are seeing starting the second quarter. you wonder if it's going to start catching up to the company as they roll out the second quarter earnings in the next couple of months. >> at the end of the quarter, the dollar dipped down back up. we're kind of at the average place of the dollar. but it was significant. macy's we talk about a lot. it wasn't just the foreign sales because they don't have foreign exposure except they do for tourists. so tourists are not coming to the big las vegas, new york you know bloomingdale's flagship kind of stores. they cited that as being 1% of top line risk. that's pretty significant. so i do hope that turns around.

>> well if we talk about the dollar first of all, i don't think that the dollar means that much in the context of looking at it over a couple quarter period. i would argue that the dollar is a function of the euro. not a function of the dollar. but obviously a function of the central bank differentials. by the way, i have been wrong for a week and a half. if it breaks 114.5, that to me says it's going to 118. but in the mean time i think you have extreme positioning. this is global macro pushing on the market and saying that the headline is getting crushed and is it signaling trouble? no it's saying that people are overpositioned before. >> well, this is a big unwind at the macro trade going on out there. that's like you said, a euro, unwinding the euro short. and then the german rates and the volatility that we have seen in the bond market is causing

big funds to unwind this trade. that being said i think today was a little bit different because we saw the retail sales number pull a 0.0 and nobody was expecting that. when you add to the chicago fed models and the atlanta fed modsel models two quarters are 0.0. i would be concerned at the very least that the fed is on hold. >> you think is driven by the weakness in the economy as opposed to what's going on in europe? >> yes. i think today the dollar move movement was driven by the u.s. economy. >> what do you do with rates that are backing up which don't make sense in the context of what you're saying? >> i think it's because funds are unwinding. when you look at the big funds they manage the position buys by volatility. so it's doubled in the german bond market in the last at 0 day -- 90 days. >> let's go back to u.s. stocks here.

u.s. corporate earnings. this has been a massive impact obviously over the last you know, let's say two quarters. i'm looking at consumer staple stocks, large multinationals. they have not gotten out of their own way. even with the fact that you know, you have this situation where the dollar now is down what the dixie is down 5, 6% in a matter of weeks here. and stocks at proctor & gamble can't get out of their own way. i think when you're look at the dollar index it's still up. the head winds are going to remain if you have the dollar coming in 5% or not. >> coming up next, do not call it a come back. jc penney coming in with better than expected guidance. plus, shaq and jack. why burgers could be your best bet to beat the market. and the race for the next biotech drug. which companies are set to soar? we have a special report ahead. sfx: engine sounds

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guidance for the year. now forecasting comparable seams will improve between 4 and 5% per year. up from 3 to 5%. gross margin expected to improve, better than its previous 50 to 100 basis point forecast. mike ullman says he's pleased with what he saw for mother's day even though he saw the end of april sales trends slow down just a little bit. as far as traffic goes ullman says that traffic at j.c. penney was actually better than traffic in the malls. melissa, back to you. >> thanks so much, courtney reagan. you're in j.c. penney. >> yeah. i don't think i could have expected a whole lot more. and in fact there's a couple of questions we want to hear more related to the balance sheet. but sg & a expenses are coming down margins are growing. same-store sales are growing 4.5.

this is a broken company not fixed. you make the most money when terrible goes to bad. >> let's stick to retail because the picture is a bleak story. this is the fifth straight month that it's come in shy. this according to the research. crude oil's 40% decline should be putting money back inin consumers' pockets but shoppers aren't feeling any benefit. so is the consumer tapped out? what is the consumer doing with the money, karen, sitting on it? >> i think this consumer is sitting on it. i'm surprised by that. we got a hint of that from mastercard was talked about revenue being down because of gas prices down. we would have thought they'd make it up somewhere else. that's not happening i've h of credit card balances going down. looking at macy's i like a lot. kors, i feel like they're down. we know that the weather was terrible, that the port strike was expensive. and didn't allow goods to flow through as they should have.

so gross margin for macy's looked better than it would have. all that being said, macy's is not the kind of guys -- girls and guys that the cfo -- not in the business of overpromising and underdelivering. if they stick with their guidance i believe they're comfortable with their guidance. normally i don't like to hear the back half will make it up. but in this case, this management team, i believe it, they had some excess costs in there. i still like macy's. but it's a big position for me. >> you're worried? >> i'm worried. because one, we have seen consumers save. that's typical after the type of downturn we had in 2008 where it's a deleveraging type of event. that occurred for a long period of time that consumers saved and paid down debt and deleveraged for 10 or 20 years. nothing different there. not only that what j.c. penney said the last couple of weeks they saw sales decline, we saw that in the retail sales number today. then added on we have had a massive ramp up in oil over the

last couple of months so i can't imagine consumers are feeling that much better over the last couple of months. >> here's the tell for me in retail. you talked about a couple of names that are stock specific. macy said this is a transition year and j.c. penney is a distressed retailer here. i think you want to look at the weakness in the stock like walmart. target had a lot of gains because they got out of canada. see what they have to say next week in walmart. home depot to me, so -- >> i'm actually -- >> but home depot has not confirmed the highs in the s&p when we had one in april. to me these are the ones that i want to focus on next week. >> but people are trying to poo-poo retail going back two or three quarters hey, what's happened? in fact home depot hasn't confirmed new highs and certainly has been struggling for the last three months, the company is not. the company continues to execute and if i look at the macro retail data, i'm not as

concerned as everyone here. we came out after win deter, i think we had major head wind and i think it will be closer to 3%. if you look at the consumer spending year over year, 1.9% the mortgage balances are up 0.2% that hasn't added to it. i don't think we the beat japan as a company. >> is there any sort of pent-up demand that's going to come through whether it be in may or june? should -- >> that's what we haven't seen yet. we should have seen it in the april retail sales number. so that's what makes me concerned. >> but i just think -- that's a great question. i think some of the sales are lost for good. but but we value businesses on their on going ability to earn. that hasn't changed in the last six months it has. going forward. >> okay. coming up next, cult stock friend or foe? shake shack going past the

earnings estimate. could they be the next krispy kreme? here is what else is coming up. the next biotech break through, your first class pass to which companies are taking the lead in the fight for the next breakout drug. plus, calling all solar fans. we've got a ceo exclusive with the head of one shining solar play that's already gained 50% this year. and could be poised for another big move higher. all that and more when "fast money" returns. ♪ ♪ ♪ it took tim morehouse years to master the perfect lunge. but only one attempt to master depositing checks at chase atms. technology designed for you. so you can easily master the way you bank.

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welcome back to "fast money." watching shares of shake shack, heavier volume about 514,000 shares have traded. it came in at 4 cent and that topped the analyst expectations for a loss of 3 cents and sales came in better than expected. it posted slightly lighter guidance for the full year. total revenue is expected to be between 161 and $165 million with sales growth to be mid to single digits. shake shack expects to open ten new stores throughout the year here. interesting headlines, they

expect inflated food and paper costs in the remainder of 2015 due to continued pressure of beef prices. again, more details coming up in the conference call. another burger chain here jack in the box posting earnings after the bell. the company's second quarter results beat on the top and bottom lines. comparable store sales up by nearly 7.5%. analysts expected a gain of 6.8% in terms of sales. jack in the box increased the quarterly dividend to 30 cents a share from 20 cents. a 50% increase. >> thanks, dom. it seems glad they threw in the caveat about the higher cost. >> a great point. obviously they're kind of setting expectations here. but they also beat by $3.8 million in the quarter and then they guided down a little bit for the year. at least that's just smart for a stock that's like a full on -- >> well, they guided it up from the previous -- i mean, analysts can put out whatever they were. they were at 165 which is the high end of their range. >> it reminds me of go prowhere they talked to it down.

you know this valuation is so crazy. if i were there i'd try to talk it down as well. a great concept. >> let's get more on the earnings. herb greenberg is with us live in san diego. we're seeing the stock move nicely higher in the after-hours session. it's a weird stock -- i mean the float is very small. a high percentage of short interest in the stock and no options trade. >> well -- but i want to point something out. the comp store sales up 11 almost 12% is double what people expected. but it was interesting because on the call they mentioned that 2.1% came from traffic. 9.6% came from price. this is always part of their story. that they can take price and keep improving on price. but in the end how sustainable is that? how high can you go? that was an interesting part of the commentary. but look you know you've got to sit her and look at this thing. you have the float. the lockup is coming in late july. probably at the very end of july. you've got a company that i look

at and i say what a well-run operator. can't take that away from them. they're extraordinarily well run. but you take a look at california here. you know there are a lot of burger chains everyone talked about that. but when we talk about something like -- i think in the tease you mentioned krispy kreme, there's not a scarcity issue. this is a concept that people want to go to. it's a good concept. but the burgers are -- you know i talked to people. i have been there. they're very okay. it's not like they're knocking it out of the park on the greatest thing on earth. >> could you have said that about starbucks, herb? starbucks on every single corner, people still go. >> i was there and that's exactly what i used to ride in and say, my goodness what a disaster this is going to be they're going to cannibalize each other and plus the bears would say it's dark coffee deep roasted so it's basically taking away from the taste. it was a great success. i'm not saying that shake shack isn't going to be a great success. i think what karen said earlier

we all know this was incredibly good quarter. the company is guiding to different numbers but an incredibly insane valuation. when it comes back down to earth, some say in the 40s, it starts to level itself out and grow from there. >> all right. herb, thank you. always great to get your point of view. herb greenberg. do you agree with him in terms of the valuation? it's a well run company, but -- >> i have trouble with the valuation, the stock is down 14% in the numbers so it popped to me on a relief with more moderate guides. i think jack in the box is a better story. not a cheap stock but when i look at it relative to shake shack, i see a company that's improving. they're executing and they have a unique operational model. their margins are better. it's pulled back a little bit. >> kudos to guy doe, he nailed it. >> another one that i'd look at in this pace is the crazy

chicken, apollo loco. if you want to get into this space, i'd look at that place. >> you sold shack. >> i did last week -- i sold -- listen, i bought it when karen and i were finally in agreement on the stock. it really didn't have a whole heck of a lot to do with the fundamentals. i know what herb is saying about california, they said in this call they'll be entering california -- >> in and out burger which is awesome. >> here's a thing to me. >> love it. >> 65 stores you know? the runway here is massive. so i think when you can buy it when it comes in hard that's when you do. if you believe there's a long term story. >> and july 29th, that could be an entry point there. a shining solar stock has been on tear in 2015. we have a ceo exclusive with the one man who's already gained 50% this year. the next catalyst to push the stock higher. and plus the cisco call, just about wrapping up.

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the stock though is still up 50% this year. we have an exclusive interview with the company's ceo. plus, one chip stock that could be on the verge of a massive buy back. and later, the man of the hour. we'll hear from ceo john chambers on the heels of his final earnings call as head of the company. but first, breaking news out of philadelphia where the national transportation safety board is just wrapping up a news conference on last night's deadly amtrak crash. we are live on the ground in philly. ahman? >> yeah, we have a little bit of new information here from the ntsb at this presser. including the fact that just moments before this tragic accident that killed at least seven people here last night, the engineer driving this train applied the emergency brakes. that was the entire braking system of that train designed to stop that train dead in its tracks. but what the ntsb is saying is that ultimately that was too little, too late. the train was already in to a sharp left-hand curve at the moment he applied those brakes. also the ntsb saying that this particular stretch of tracks

through the north philadelphia area does not what they call an asis system, that controls the speed of the train automatically. the positive train control and that was the key to this accident. take a listen. >> we are very keen on positive train control. based on what we know right now. we feel that had such a system been installed in this section of track, this accident would not have occurred. >> melissa, obviously that's going to be the focus of so much questioning over the days and weeks to come. what the ntsb is saying here ultimately is that that positive train control system is something that they have urged to be put in place throughout the train system. they said it was scheduled to be in place by the end of this year. but it did not make it to this section of track in time. melissa, back to you. >> thank you so much. moments ago biotech's cancer heavyweights release more than 5,000 data sets ahead of the

biggest cancer conference this month. meg has the biggest movers for us. >> so far, it's puma biotech and it's on the downside. down about 19% in the after hours on some breast cancer data. the drug appearing to miss investors' expectations. they see it down 18% now. puma is the one major mover out of the 5,000 data sets we have seen. we're watching bigger companies like bristol-myers, merck, astrazeneca and merck. there's not a ton of movement, bristol is up half a percent. this is going to continue to evolve as we lead up to the conference at the end of this month. right now, puma unfortunately the big loser in the after hours. >> you know, puma had been talked about as a takeout target. what happens to the stock -- to the company i should say with the stock down 18%? >> yeah, it's tough. citi was coming out ahead of the drop saying on positive data it can go up 10 to 20%.

it's going in the opposite direction. positive data could have boosted the outlook for a potential takeover. so you have to wonder if they're running a process, what potential acquirers could be thinking about the data and whether it's strong enough to yield a big takeover premium or takeover at all. analysts haven't weighed in. we should see what they think about this. >> meg, thanks so much. karen, you're into biotech. >> this is the kind of thing we're afraid of bad trial. but i really do think we'll see more consolidation which we have seen for the last couple of years. but been a very volatile month or so. >> yeah. time now for pops and drops. big movers of the day. we have a pop for delta. up 1%. tim? >> yeah these guys continuing to do a lot of different things one is buy backs and increasingly dividend. while they continue to reinforce the fact they're cutting exposure and focusing on north america, a name i do love, i am long. >> dupont is down. >> yeah, a massive drop, nelson

pelts losing out to the board. the board is taking a longer term view. in the short term you have the speculators unwinding the position. >> drop for zillow. down 2%. >> yeah they were expecting an 8% move on what they reported. they delayed the filing they guided in line with the preannounce 789 here. but the stock is down. i don't get the love affair with this. i don't short it either. >> a pop for pall. >> yeah. an object of much interest at the end of the day. and i think this story is actually when we will see the split up of the two companies. okay. viven solar fell down today. the ceo will talk about the next big move for the company. and cisco's earnings call

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take a look at shares of

fireeye. on the conference call, john chambers -- outgoing ceo that cisco would be a buyer of fireeye. in anticipation of what could be an acquisition, announcement. so fireeye down by almost 4% on the session. the shares had been up by 5.25%. still though a reason to own fireeye? >> yeah. it takes cisco out of the picture but certainly there's other names that might want to pick up something like this. and the company, again, this is a space that's very hot, the company wants the symptom higher. so you have to go with that. >> i think it's interesting that chambers said we're not going to buy this company after so many times this rumor coming out. making its rounds. >> well, that's commendable because a lot of guys might have said we'd prefer not to comment on rumors when in fact there's zero smoke, there should be zero fire. for all we know they may have other things going on. this could only distract the perception of what they're doing in other places. >> residential scholar company

vivint down almost 4%. the company also forecasting second quarter guidance below street estimates. the move to lower comes after a big run to upside. the stock is still higher by 50% on the year. the ceo is greg butterfield in an exclusive interview. always great to see you. >> thank you for having me. >> we should note that you did stand by and reiterate your full year installation guidance of 290 to 310ing me awatts. what really did stand out was that costs went up significantly, sequentially quarter on quarter. because of lower volumes from the northeast weather and ramp in spending. can you walk us through the trajectory of what you anticipate in costs per megawatt going forward since weather was a one off. but you still plan to do an aggressive expansion plan. >> yeah customer demand is

still very, very strong. we think we had a great quarter. we forecasted 40 to 42 megawatts of power. we actually deployed 46 megawatts. you're right, costs were off, off 6 cents but we increased head count by 28% quarter over quarter. we increased sales and marketing based on demand by 48%. so we're building an infrastructure to grow and meet the demands for what we view to be a very positive year in 2015. in fact, we reiterated our guidance that we gave at the beginning of the year of 290 to 310 megawatts. so customer demand is strong. we built the infrastructure in q1 just like we did last year. a better metrics to look at what has happened. our costs were down 25% in q1 2015 over 2014. >> how confident are you in keeping that cost line? i mean you're projecting costs of 280 to 290 for the full year. and i mean you do have a very aggressive expansion plan. sounds like you still plan on

ramming up head count going forward. walk us through the trajectory for costs this year. >> yes, so we indicated we'd have our costs between 2.80 to $2.90 last year. last year they were $4.25. so what happens with the big numbers in q3, q4 where we have our largest sells, it helps reduce the cost per watt. we are seeing significant advancements in technology. one of the things that we're highly focused on is building strategic partnerships as technology improves we produce more electricity which generates more revenue. and costs continue to come down. so hardware reduction as well as gaining efficiencies in g & a and other areas of the business we're confident that our costs will continue to go down. q1 was a period where slightly more than we forecasted, but it

was all based off customer demand and deploying more megawatts and trying to build an infrastructure to scale for the second half of the last half of this year. >> i want to talk about the commercial side of your business. you're partnering with black stone which has clearly has a large real estate portfolio. at what point will we see the commercial volumes flow into the models. do you have that factored into your guidance at all? >> no it's not factored -- we're not giving guidance on the commercial side of the business. however, we're very excited about commercial. we think there are many synergies between the commercial and the residential side of the business. black stone what's the largest shareholder of vivint solar is one of the largest real estate owners in north america. we have announced that we're the strategic partner for providing solar. we think there's cost reductions better relationships

with the manufacturers and we believe at some time in the future there will be a convergence of commercial and residential. we can't provide solar for people who don't have certain fico scores. we believe you'll have solar gardens or community solar gardens that will allow us to expand so we're excited about the solar business from a commercial standpoint going forward. >> greg, last quick question. since we last talked elon musk revealed the power wall. is that a good thing overall for the solar industry? >> it's great thing for everyone. one of the biggest challenges we have there are certain areas where you do not have the ability to have electricity in the evenings. those type of things. as technology improves as we get additional technologies storage is a key part of renewable emergency going forward.

financially it doesn't make sense for most people, so immediately it's more of a backup solution. but going forward, technology will increase. cost last come down. so we're excited what elon is doing with the battery. we're working with tesla and many others to make sure we have the best solution to provide the best product for our customers and drive shareholder value. >> thank you for your time. greg butterfield, ceo of vivint solar. you're in the space. >> i'm in the space. i'm in sunedison, this is a residential focus, also in solar edge. i mean i do think this black stone deal -- >> it's interesting. >> it is. >> not in anybody's models here. >> that's one side here. >> i would look another trina solar, they have a pollution problem in china. so it's all these names have really ripped because of the field coe speculation. if you get trina it's a buy. >> i'm very much in this space. look at vivint had such a great

run at the end of the quarter. it doesn't surprise me the stock paused a bit. they came in on the growth, the technology costs are coming down a bit. the california expansion, west coast expand is more profitable for them. this is something to continue to follow for them. >> the thing is the residential thing. you know -- >> you don't live in the right places. >> but he talked about cost and a lot of things. to me it's still a complicated solution. the solar wall is probably years away from -- >> a cop-out attitude, come on. if everybody took that attitude -- >> well rng i think adoption will be much harder. >> we have a news alert on mosaic. dom? >> okay, right now the current president and the ceo of the company he will be stepping down. he will be replaced by james o'rourke. he's currently the chief operating officer of the company.

the shares are not moving but still an interesting change here. mr. o'rourke had been with the -- has been with the company since 2009. in an executive capacity. before that he was an executive with barrett gold. so the current president and ceo will step down -- effective august 5th to be replaced by current coo james o'rourke. back over to you, melissa. >> thank you, dom. we haven't talked about fertilizers in a very long time. here we are. >> we're starting to see activity in this space. some of the m & a activity is starting to percolate with the food trade and the ags all together, they have been out of favor. potash i like demand and supply balances are in the supply now. >> let's get to josh lipton, with the roundup of the cisco call. >> well, on the call melissa, the cisco call we finally did hear from incoming ceo chuck rob robbins

robbins. take a listen to what he had to say to analysts. >> i want to spend the next 90 days just talking to our leadership team, our employees, our customers, our partners, our shareholders, analysts, to really just make sure that the theories and the things that i think we should be doing are in alignment. and i'm going to focus beyond that -- beyond that we'll focus on aligning the resources against the best priorities for the company. >> so robbins there obviously sounding positive. sounding optimistic. though of course cisco is facing a number of challenges and a lot of different fronts. you have competition from juniper, palo alto. the stock is edging lower, though up nearly 30% in the past 12 months. melissa, back to you. >> josh lipton thanks so much. he sounds optimistic. but of course he does. the incoming ceo. >> look we didn't hear anything there that tells us anything new. i think you have to go back to the core businesses but again, security servers, these are the

fastest growing companies in servers. you don't have to buy tomorrow. in fact, the weakness pull black is what you want. >> these stocks have had nice months. look at ibm, microsoft and cisco. great runs over the past four weeks. >> yeah. semis have not -- have not traded too well this year. but, you know, listen, i think again it goes back to what worked last year. defensive, they're buying back a lot of stock. they're cheap relive to the market. at a time when we're seeing scrutiny on valuation i think they're easy owns. >> well, the play on particularly like the ibm or cisco, they're rebuilding the server room. every company will do that. that's why everybody is in there. a month ago they were at a much better valuation. but if you believe in the ramp up they don't look terrible here. i think they're okay. >> coming up, we heard from the new ceo, but up next cramer gives the outgoing ceo john chambers his exit interview. plus, we'll tell you one

chipmaker that the traders are getting bullish on. that and much more. 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. the xc60 crossover. from volvo. lease the well equiped volvo xc60 today. visit your local volvo showroom for details. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive?

take a look at the fallout for puma biotech. disappointing data out of the

clinical trials for the experimental treatment for breast cancer. so we are seeing the impact of that data dump here. traders are betting big and one name in particular, qualcomm. dan has the action. >> last month they announce they'd do a massive buy back in addition to the existing $2 billion they had. options volume ran really hot today as they topped the debt markets to help fund that and and here's the question. they don't need to fund it. they have $30 billion of cash on their balance sheet and they had no debt before today. but two times average daily volume with calls outnumbering or puts -- probably about 4 to 1. one trade caught me eye after the opening when the stock was 69.30. a trader bought 3,000 of the october calls. they break even up about 6%. here's the thing. you know, i want to mention when

you're looking at a stock like that aleto it's cheap and -- although it's cheap, there are fundamental things going on here. and there's been rumors that they may be out of the next iphone in the fall. which is one reason why you may want to look to calls to define your risk if you make a bullish bet. the stock here has obviously found a little support here. we had the big gap back in february when they disappointed here. maybe expectations are low enough and maybe looking for a break above 70 if they are in the iphone in the fall and things start to get better in china there's a way to do it. one last point, this is implied volatility. you can see they're back near the lows of the year so making directional bets in the options market is one way to do it. options prices are cheap. >> would you rather qualcomm or heres of a twist fill in the blank. tim? >> intel. over qualcomm. i think dan is making great points about how out of favor it is.

an interesting time to define your risk. qualcomm's down side in china is overstated. to me intel, these guys are actually sort of reinvented on the fly in mobile. the cash flow is phenomenal. it's a stock i like. >> i don't need to fill in the blank because i like qualcomm. we have all of -- hopefully and presumably most of the bad news out there. i'm not sure how much worse you can get. plus you have this massive, massive buy back coming. for me, in this environment i'd much rather be in qualcomm. >> qualcomm is not bad for us we own. not a huge own. but i like. >> check out the live show 5:30 p.m. eastern on fridays. we'll come back, stay tuned. here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or

jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this. ♪ building aircraft, the likes of which the world has never seen. this is what we do. ♪ that's the value of performance. northrop grumman.

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who knows. umm... everyone has retirement questions. so ameriprise created the exclusive confident retirement approach. now you and your ameripise advisor.... can get the real answers you need. start building your confident retirement today. moments ago jim cramer spoke with outgoing cisco ceo john chambers. here's what he had to say fresh off the earnings call. >> our company is the most competitive position ever. we have moved from selling boxes to outcomes.

you're digitizeing every company, and you either change or disrupt and get left behind and cisco is the lead player. you saw that in our call. >> much more of the exexclusive with cisco's ceo coming up at the top of the hour. meantime, time for the final trades. tim seymour? >> we have a hockey game tonight. apple. start buying buy. >> go rangers. i'm with the shack. i think you can get out, i think you take profits. >> karen? >> macy's, the name i have known and loved for a long time. i think it was overdone today. if it's down tomorrow i think it's a good opportunity to buy it at the beginning of a good price, plus dividend 2.25%. >> brian kelly? >> amazon, i think you sell that. walmart coming out with a come petition with prime. a stock like this sell it.

>> all right, we have five seconds to express your love of the rangers. go ahead. go. >> it will be a war at the world's most famous arena. the better team will win. >> all right. 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". my job is not to just entertain you but teach and coach you so call or tweet me. don't just stand there. do something! that's the mantra the the companies that want their stocks to go higher. we see it play out every