that sardonic note. "fast money" is coming up in a few moments. thank you, guys. melissa lee is on tap. >> what do you hear when you hear a song and can't identify it? you hold up your phone and you shazam it. >> that's right. >> we've got the ceo of shazam on tap. >> straight over to you guys. >> thanks. "fast money" starts right now. live from the nasdaq market size overlooking new york city's times square, tim seymour, brian kelly, karen fishman and guy adaem s.apple set to jump another 50%? that's what morgan stanley said today. we'll explain why they could be right and how you can profit. plus, shopify shares soaring in its debut and we have the ceo of what could be the next huge ipo and here's a hint. the company is on your iphone and you use it at least once a week. hmm. let's start with the biggest story this hour. hewlett-packard moving higher in the after-hours session after reporting a mixed quarter. beat on the bottom line and missed on the top, earnings call getting under way.

our own dom chu is monitoring that call with the red phone. right now the stock is up 1%. i thought that was a head scratcher. why is it up 1%? >> huge run 2013-'14 and the quarter wasn't a disaster. plus, people feel this sort of reorg they are going through for lack of a better term is going to be work. huge cost savings over the next couple of years and they are giving them a pass. talked about it last night, stock rounding into 38 bucks. i think this is the quart their might get them there. >> would you give it a pass? >> i would give it a neutral. >> this quarter was fine and they came in slightly worse. the outlook is not so great for q-2. nothing sexy about this. everything guy said hold the stock or sell it on a pop to 38. >> the thing is they did do well in the enterprise area, and that's really the growth engine for anything for hewlett-packard and now you do get a pass on

hewlett. you have the aruba networks acquisition that's going to come into play and the reorganization coming into october and then on top today, actually think that china deal was a good deal for them. they will get a lot more revenue out of it and maybe it's the new model going into china so there are a lot of things that are going right for this company so it does get a pass. >> i think enterprise is great but it's a smaller part for the syste systems. >> right. >> but you're buying this turnaround from meg whitman, buying that she will be able to grow that. >> in terms of this split what sort of caveats would you lay out? as a company split take two new ceos, what would you get thrown at you? >> always talk about the new ceo coming in and lowering the bar and giving it the kitchen sink quarter so that they put out expectations that they know that they are able to meet so we could see that. there's a lot still to do and allotted of time left before we actually see the split, so it's okay right here. i think there's other things that maybe a catalyst could work a little more quickly. >> do you think there's more risk to the upside or downside?

>> whaefsh said is correct. it's not the sectsiest name at all. if you're looking for a trade i don't think the setup is all that bad to the long side in hewlett-packard. we talked about it last night. i think enough people have sold out of it where you have a little bit of a jim start here to get to 38 bucks. i know a lot of analysts on the street are anywhere from 38 to 4. i'll take the lower end and at 38 bucks not ridiculously expensive but you probably flush out any shorts and you get it to a level where it finds equilibrium. >> let's bring in our top analyst from rbc, a sector perform rating on the stock, $38 price target. amit, great to have you with us. what did you make of this quarter? >> the numbers are fine, guide a little light but things aren't getting worse on a free cash flow basis. much better than people fear, could be about $1 billion. tells you that the spinoff is going on track. the separation will create more savings. we didn't -- we do think it

works to a price target of 38 bucks. >> what's the driver of the sector perform rating at this point, that there's a risk holding into the spinoff, or what's behind it? >> our concern, our neutral stance, this is really there will be revenue dissin guess when you do this. i'm not sure that's fully encapsulated in the management process. the second part we think about hb enterprise needs a story, and that story may come from an acquisition sometime, and that could be a negative for shareholders as well. those are two things, big m & a potentially and revenue is one thing that keeps us on the sidelines. >> tim seymour. is the china news today possibly something for these guys because, again, not only does this potentially change the landscape or show some thawing in relations with china for u.s. i.t. companies, but for hp they could be a gateway and certainly this company is supposedly the gateway into hp's networking and services and all the things we think they should be doing in china? >> i agree with you. i think it actually gives them

an avenue and maybe a road map for others who could deploy the strategy to drive growth in china. you know, china has been a tough nut for a lot of companies to crack, at least in the u.s. base and i think it's very differentiated and unique and could be a road map team late over time. >> amit, great to have you with us. thank you. anything change your mind? >> no, not at all. i think 38 is probably the right price to target here. that's the gap from the last earnings, so, sure. i still like it here. >> again, dom, is on the conference call with the red phone. he'll keep us posted on what happens there. meantime, big story of the day, crude oil topping the tape to a three of 3%. is oil a friend or foe of the stock rally? what do you think, karen? >> well, i think you first have to look at why is oil up. if you believe oil is up because demand is picking up and that we've also seen some of the supply constraints start to take effect, then i think that's a good thing. i think if oil is up for other

reasons that are not related to that, it's not a good thing because it puts a brake on some of the companies but this move i think is fine. >> okay. why do we think that wti specifically today had this big gain? >> so tomorrow we have the red cow coming and the decline in the rate count has been decelerating for the last couple of weeks so it wouldn't even surprise me to see tomorrow if you had a flat rate count. a lot of people anticipating, that a 3%, 4% decline earlier in the week in oil with all of those things right at this level i would call oil a friend to the market right at these levels. you have the risk though that they start turning on rigs again and that supply is coming out there. i was short oil earlier this week, short a little bit still right now based on the fact that i think tomorrow we'll get some rig counts that will be oil negative. >> i would go friend within a range, and i take what brian said. if this stays orderly, this is exactly what oil was not doing on way down before. oil wasn't getting the credit for being, you know, essentially

a driver of the economy, but foe clearly in the short run. i think oil is under some pressure with the dollar going to strength in back and i would look at oil services firms which to me, especially the drillers, the ones that have moved the most and most sensitive on the oil price on a day-to-day basis as the ones i would be selling. >> and they moved specifically. integrated did not move as much. >> exxon mobil, feels like it's been-87 now for the last few months. i'll go foe for the reasons that tim just cited because tim has had the dollar move spot on and feels like the dollar wants to take the next leg higher. in the short term he would agree. i'm a little longer term thinking and we saw what happened as the dollar rallied last time. the market didn't particularly like it, and i think that's what we're on the verge of now. a dollar rally should knock down oil. the move in oil we saw a month ago was led by dollar supply and to a large extent i think demand and this time the dollar could trump all three? >> karen? >> it's important to understand why the services would move so much more than the underlying in

that if you hold reserves and the underlying moves a little bit, your valuation moves a little bit, but if you have assets that are signature idle because they are not producing oil at $50, whatever it is, and then all of a sudden those become viable, that's an enormous jump. >> right. >> to your -- to your income statement. >> so if we see oil go down which is what i think these guys are saying at the end. >> it could work the other way. >> all right. coming up here, the one biotech stock that could double by the end of the year, very stock therapy with meg it yourel and morgan stanley says apple could jump 50%. we'll tell you what's really behind morgan stanley's love affair with the stock. and two big chinese stocks just collapsed, but dennis gartman says now is the time to buy the china bull run. he'll reveal what he's buying when "fast money" comes right back.

just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast near the router. it's fast in the break room. fast in the conference room. fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. welcome back to "fast money." i'm courtney reagan. gap reporting first-quarter earnings of 56 cents, in line with analyst expectations. the specialty retailer reaffirming full-year guidance of $2.75 to $2.80. now earlier this month gap released its first-quarter revenue, 3.66 billion, lighter

than expected. total comps down 4%. old navy, again, the strongest with comps up 3% while the namesake gap had comps down 10% for the quarter. now, aeropostel down sharply in light volume after-hours. market cap very small. it is, however, followed because of competitors in the teen space, company reporting a larger than expected first-quarter loss of 54 sales and comparable sales worse than expected at 11% and earnings guidance also lower than consensus. melissa? >> thanks so much, courtney reagan. what do we do with the gap here? new ceo, he says things like we know the formula is right with old navy. athleta is obviously a bright spot here, karen. >> it's gap and banana republic. i'm going to give him the benefit of the doubt and give him some time. i mean, it's not a super tanker, but it's a large company that needs some time to -- to sort of

re-work and find sort of their mojo again. it does seem to be lot. but the stock is not expensive. i don't think you're paying much from the turnaround. >> my takeaway is discount is working, old navy is working. that's the area that has been the engine of it so if you want to play that space go to t.j. maxx because that's the discounter. stock on a tear for a couple of years now. had a big gap, it's come down and you buy it right here at 6 bucks. >> gap, a lot of bad news is now in this price and we got the april comps down 12% from earlier in the month and i think that got priced in. valuation not very difficult, 2.5% yield and old navy still rocking, stay with it. >> the only thing that concerns me is gross margins continue to decline and inventories continue to rise, not necessarily a healthy thing but it's not that expensive so give it a couple of days and see how it shakes out. you're not going to be crushed being long gap. >> apple jumping 1% as morgan stanley piled on the love and that kicks off our top trade, the firm boosting its iphone

estimates for first quarter 2015 and maintaining a price target of 166 and upped to $195 and that would be a jump. tim? >> hard to know how much is related to the iphone shipments and increasing that number for the next quarter or this is the broader eco-system. june quarter gives you more room. debated whether china was starting to slow down last night on this show. i think it's not. i got long apple last week. i agree that the story right now is still very positive. you remove some of the prop and i think that's an interesting call. it is seemed like it's piling on. nice that they are doing it when they are not waiting for the good news. getting out there now and that's what a lot of guys have not done. they have waited for great numbers to come out the next day and say i missed. these guys didn't do that. >> what's interesting is they did an actual survey and found only 20% of the end of march quarter, only 20% of the installed iphone base is upgraded to an iphone 6 so that implies there's a whole swath of

people who are wanting to upgrade. >> just the pattern of the way the stock is traded, pattern mirrors what we saw back in the fall so, again, it feels like it's the next leg higher in apple seems to be headed towards 150 if you believe in chart patterns and believe it will replicate itself again, which i happen to do. >> and watch which nobody thought would be much, raising the essence by 20%. >> that's the incremental. >> right, exactly. >> and this piling on, this idea that everybody all of a sudden loves apple again, that's going to continue for a bit, and i think it will push it to new highs, and the 20% iphone 6 upgrades, 20% of the people that have already done it, there's this big massive buy coming and b.k. is one of them because my contract is one of them. new phone, b.k. >> does it concern you that everybody and their brothers now bulled up on apple?

>> been long apple for a while. can't get comfortable buying more, even though that's been the right thing to do all along, icahn, a billion reasons why he loves it. i don't know, i wrestle. it's so difficult. what is the right multiple on a company that does have the potential to be -- >> a software company and services? >> well either that or the company that had last year's great thing and not next year's great thing. i don't know. i don't know what the right multiple is. that's the billion dollar question. >> 13 times "x" cash is far from stretched and that's the call here. >> let's talk derivative plays here. everybody wants to know how you can play apple without buying apple. earlier today on "power lunch" i asked the chip supplier for apple what this all means, estimates coming up. >> from our point is what we're focused on is the mobile wallet and we have multiple design wins an multiple platforms, you know, well beyond all smartphone

companies. >> so whenever a customer does sell more iphones or more phones, i should say, or more smartwatches with the ability to pay, that's good for you? >> absolutely, and same thing with the credit cards. >> stock closing at highs of the session today, up about 4%. >> that makes me feel really dumb, talking about apple this, that, could samsung be the next thing? don't need to know any of that. been with him all the time. >> made 72% or so give or take. >> and on a forward basis it's right in line with the qualcomms and probably a little cheaper than qualcomm, so nxpi given the things we've seen feels like that stock might have more room on the upside. >> in terms of smartphone growth in china, it's not coming from apple or samsung. the most growth is coming from the chinese manufacturers, names like shami or others. >> that's why their merger was

pre-scale and very interesting deal especially internationally. that deal looks like it's going to go through. supply/demand balance for these guys across their core product line looks very, very good. a great environment. sax had a great run but i don't think you need to chase it though. >> next up, shares of lumber liquidators liquidating, falling more than 15% as the ceo unexpectedly resigned amid the laminate controversy, guy? >> you know, it's funny. they talk about suing "60 minutes" a few months ago, to the ceo stepping down today. stock closes on its lows today. kudos to cantor fitz who downgraded the stock i think two days ago seemingly ahead of this. how do you trade the stock? the answer is i have no idea. one bright spot out there, i think. if there is a real underlying story in lumber liquidators in terms of maybe there is a real story and maybe a lot of this is fluff, you wonder if an activist comes in and does his or her

homework and says here's an opportunity to squeeze everybody. i'm not saying that's going to happen, but i think at this point that's the only reason to own the name. >> along those lines, if you're short this name, i think you cover on this news because, one, this is the beginning of that big dump of news, whatever -- whatever reason why the ceo resigned, now the company is going to be able to wash us out or potentially wash this out, so if you're short it, you cover. i don't know if you buy it quite yet. i think you have to let things clear sglout when you say an activist would come in, sort of in the situation as herbalife. >> could be -- i think on the long side. respectfully to carl, i think he took an opportunity and saw a hunk short out there and remembers what it's like to be on the side. you can go back to conseco in 2000 when he was on the other side and he took that opportunity to take a long position and ramp it up. >> shorts be warned. >> if there is an underlying story here that makes even a modicum of sense, yes. >> tough play for an activist to come in.

i think the stock was a sell even before this news today, and why would you go in now very little transparentsy. >> coming up, we'll tell you the one biotech stock that doubled this week and could double again by the end of this year. here's what else is coming up on "fast." >> it's backed by one of the richest men in the world, and it's on everyone's iphone, but did shazam miss its chance to ipo? >> too late. >> we'll ask the ceo as he prepares for a transformative deal. plus, what the heck just happened in china in the collapse of two large chinese stocks has investors running scared, but the commodities king says now is the time to buy, and he'll reveal what he's buying when "fast money" returns. and the most advanced vehicle stability system in the industry... ...you'll ride with a feeling of complete freedom and confidence. visit your can-am dealer and test drive the spyder f3 today.

dovisit tripadvisor new york. with millions of reviews and the best hotel prices... book your next trip at tripadvisor.com today. i'm kate rogers. welcome back to "fast money" with some news on blackberry. the company announcing a 12 million share buyback program. the company saying to offset dilution from a previously announced employee share purchase plan, melissa. the stock about 1.5% up after the close today. back over to you. >> all right. thanks so much, kate. you two are long here. >> yeah. >> long and longer. >> i've been long for a long, long time on this one, waiting for a couple of different things, one, waiting for a potential buyout.

a lot of rumors and one thing that concerns me there's probably been a couple people going through this company and nobody has bitten yet. that being said, we just talked about nxpi. the crown jewel in blackberry is the qnx software which run's apple icar and google's offering. to me that's it and the reason you buy blackberry and the reason why somebody would take it. >> they have 2 billion in cash and this buyback, although they gave you a reason, also means maybe they won't be as aggressive on the software acquisitions and have a targeted of 600 million on the software. buy it for the n & a. stock sideways for a year and i think it's soaring. >> sarepta soaring after saying it will file a new patent for isthmus claar dystrophy drug. says who? >> says a few analyst. being set up to be potentially the biotech binary event this year, one that i've heard of

anyway and what happened earlier this week, sarepta got the go ahead and said it would file for approval of isthmus claar dystrophy drug. they have been delayed at the fda. their ceo stepped down very abruptly a couple months ago and duchesne muscular dystrophy, a rare wasting muscle disorder. 20,000 kids diagnosed every year and can be fatal by age 30 and no drugs on the market for the united states, so a hunk need here. what is being set up is sarepta could be caught up to its big competitor in the space, biomarin which has a truck that can compete with a sarepta drug and because they can file for approval they might go into a back-to-back fda advisory committee meeting this year, potentially in the fall, when an outside panel of experts meets to discuss whether the drug should get approved. analysts are saying deutsche

bank thinks the stock could go up to 46 with a positive panel and down below 12 and parade is even stronger and the outcome of this panel could drive the stock above 100 or below 10 so this is a real big event. >> sounds like we need our options guy. >> the room may not be big enough. sarepta versus biomarin now potentially at the end of the year. >> how does the fact that they are back-to-back hearings impact the outcomes, if at all? >> well, a lot of people thought sarepta would not catch up to biomarin, almost like a david and goliath, 20 billion market cap company that has brought a rare disease drugs through the fda and why a lot of people thought they would be way in the lead. sarepta seems to be catching up and a lot of people think that that drug looks like they work pretty well. the fact that they are back-to-back both stocks could be halted for two straight days as the fda talks about this and they are competing for the same tiny population of spaces. dmd targeting only 13% of dmd

patients. >> does one of them necessarily need to get approval or both or could be neither? >> yeah. it could be neither who gets approval definitely. i don't think people are counting on necessarily sarepta succeeding based on what they said this week, but whoever gets out there first is going to get first in this very small population of patients and it will make a huge difference for the other one. >> okay. sorry. this is back-to-back. if they are approved, right, then they could both be out pretty much at the same time. >> they could, and then it comes down to which drug looks better? >> okay. >> and then also potentially to marketing power and get together doctors and the patient's. the patient community here is so involved. almost unprecedented. >> okay. meg, good to see you. >> i guys, too. >> that's a crazy binary event if you've ever heard of one. >> north of 100, you know what it reminds me of, not the same company but the way the stocks were trading, what dendreon was going through, a one-trick pony and sarepta, a lot of what they

are doing versus biomarin who has a lot of irons in the fire. the "wall street journal" poured cold water on it the other day. if you get a couple of pull barks, get it back in the teens and take a shot but here is i think sort of no-man's-land. >> time for pops and drops. big movers of the day, a double pop of cvs and omni care up 2%. >> omni care held a long time and sold it early and cvs has done an extraordinary job with their business and they can do a great job with this acquisition, plus, it uses up some of their excess leverage on the balance sheet. good for them. i'm long cvs. >> pop, shake shack, up 8%? >> the burger fund goes on and on. fresh all-time highs. talked about this stock. to me this is a valuation that people are clearly chasing, a company they think will be the next mcdonald's. mcdonald's is the trade. >> pop of amazon for 2%. b.k.? >> up for the way amazon has traded, b.k. does not like it.

likes the company but not the stock. sell it. >> big drop for netapp, guy? >> operating margins, guidance lousy, couldn't have a worse quarter. here we have a stock trading at a 52-week low on huge volume. how do you trade it? middle to late 2013 traded down to 27.5, 28, if it gets there, if it holds there you buy it and get long at that level. >> quick pop quiz. pop or drop for tim's hair. >> oh, pop. >> he looks so good. >> the natural lock tonight. >> no product in time's hair. >> silky smooth. >> i'm glad we did that. >> coming up, hewlett-packard, take a look at this chart, after moving 2.3% in the regular session, moving higher in the earnings report in the after hours. we're hearing from the ceo meg whitman right after the break and three large chinese stocks just exploded but the chinese marks market is on fire. the commodities king says he knows the best way to play it

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i meant to say that. switch today and get the no mistake guarantee. comcast business. built for business. welcome back to "fast mon " money." apple helping the nasdaq close one point shy of a record and the s&p closed at a record and the dow up for the fifth time in six days. here's what's coming up on

"fast," one trader bet alibaba shares would surge tomorrow and we hear from the gap ceo art peck coming up later on this hour. first, let's start off with a big earnings story after the bell. that would be hewlett-packard. cnbc's dom chu has the latest from conference call. >> we already know hp did post better results than analysts were expected and a lot has to do with what happened with the business side of things. did see declines in many of their business and consumer facing units year over year in terms of revenue. however, they feel like they are setting themselves up for a better situation down the line and, of course, ahead of that planned split of their pc business and printer business away from their business services business. meg whitman, the show of the company, spoke a little bit about that plan and some of the context and color on it on the call and here's what she had to say. >> over the past six months we've seen the markets continue to shift and evolve at a rapid pace. in hewlett-packard enterprise, our customers are demanding services and solutions that will help them manage traditional

i.t. better while planning their journey to a hybrid infrastructure. and the we need to move faster and smarter to meet that demand. >> so faster and smarter to meet that demand. that's one of the things that they are going to focus on here with regard to the enterprise or business unit of that split so, again, they expect this to happen before the end of their fiscal year so possibly maybe by novemberish of this year, so, again, that's what's on the call right now. we'll keep you posted on any other details. melissa, back other to you? >> all right. thanks so much, dom chu. guy adami, what's your best guess as to how this thing trades tomorrow? >> i think it -- i think hewlett-packard will push towards 35 bucks. i think we've put in a short-term bottom. i still think 38 is a target and gets here and then sells off. i don't think the problem has been fixed to hewlett-packard and you can make an argument that it's expensive to some of its peers. why does apple trade at a discount to hewlett-packard? makes no sense, but the selloff has been such. the quarter is good enough. i think to get the stock to 38 bucks. >> i don't think it does trade at a discount. >> i think it does.

>> if you back out cash and everything. >> i think apple is cheaper than hewlett-packard, i don't know. >> tomorrow morning do not miss hewlett-packard ceo meg whitman on "squawk on the street" at 9:00 a.m. eastern time. turning back to the markets here, something strange is happening in china, a tree of hong kong companies have plummeted over the past couple of days losing billions in market value, seemingly with no real catalyst. yesterday shares of a chinese solar company dropped nearly 50 miss and today golden financial holdings in golden property sank as much as 60% and the huge drops caused the ultra wealthy company ceos to lose billions but should the average investor be scared away from china? dennis gartman is the editor and publisher of "the gartman letter." >> let me shed a tear for the poor bill who lost $1 billion, what a sad circumstance. reminds me of lumber liquidators doing the same sort of circumstance and i can't say that i know much about what's going on in the individual

equities themselves, but i have an old rule that i put out every year with my 20 rules of trading and one is there's never just one cockroach. this is going to become a series of events, i'm afraid, and i think it will give us a chance finally to be a buyer of chinese stocks. i don't -- i would not buy china here, not with the shanghai index up from 2000 to 4000 in the course of what, six months, but i think this is the kind of circumstance that will send people to the sidelines, let prices go lower from here, let prices go down 10%, 15%, 20% on the shanghai index and then i'll be interested and i think what's going on in china has long-term emcations. i think president xi is turning china into a consumer-oriened society. i think he's following through on when deng xioaping put forth 25 years ago. i'll be bullish here. >> dennis, you're basically saying to everybody out there wait 10%, 15% or 20%.

i mean, how long are we waiting here? >> could take a month, two months. why not, mel. after what we've seen when you've taken the shanghai from 2000 to 4000 in six months, can't you expect to see 10%, 15% or 20% and can't you give it a month or two months to correct that kind of -- that kind of distance? of course you can. i think that's -- in the great scheme of things, a month or two is inconsequential period of time. be patient and don't buy china here. don't buy a double in a stock -- in a broad stock market, but wait and this sort of event that has happened with these two companies will send enough people to the sidelines and put enough fear into people to stand aside and send prices lower and then you can be a buyer and you should be. >> dennis, what would you then be a buyer of in a world where i think a lot of people talk about buying china and you do a great job coming out here and talking about the macro and when people want to put some of this stuff into action, so are you playing chinese internet or the fxi or

the pek to play the csi or local market? are you trading china macro via commodities and the demand side? just a couple of thoughts there, please. >> timmy, i think the easier thing is to go to fxi and pek, the two dominant etfs, the only way for the public to be involved in a market that divergent, that far away, that geographically removed, and for us that confusing. let somebody else smarter, somebody like you who really understands what's going on in the individual companies to figure out which ones to buy. i think the public and i shall do the same thing. when i'm ready to buy china, i'll buy pek and fxi to give me all the exposure that i want that's the better way to play it for the public, no question. >> good to see you, dennis. thank you. >> mel, thank you. good to be seen, at always. >> downies in gartman of "the gartman letter." do you think we see that sort of pullback in china? >> certainly, listen, it's been up. it's a double, so 10%, 20% wouldn't be a problem at all, and if you start to see some of these kind of -- down 60% in some of these stocks as this

property bunnell comes off and bursts certainly, but there are other ways to play it as you can buy right now. i think alibaba is the way to do it. talked about it earlier the week with the lack of clarity going on with yahoo!'s spinoff. why not get into alibaba, already up quite a bit. i still think you get the play on the chinese commerce and you get the -- the idea that everybody is going to be coming into the stock. >> so let's add, what should i buy? >> let me give you other names, too. baidu, alibaba, china mobile and ten cent, all you can trade and like at jd.com and vipshot, two online retailers, doing very, very well and hitting top line numbers. very interesting companies. >> still ahead check out shares of spotify and speaking of ipos, did music recognition app shazam miss its best shot for an ipo? we ask is that man rich riley in

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one tech startup soaring more than 50% in its debut on

the new york stock exchange. dom chu has the details. dom? >> what we is is shopify on the list of the day one ipo drops. you can see it's finished up 51% after the canadian-based company that basically let's customers manage online stores themselves and sold 7.7 million shares $17 apiece, above the expected $14 to $16 range. the company is listed on the toronto stock exchange and as well as the nyse. put tech ipos on a bigger scale so far in 2015, it's been a relatively hot part of the market so far. according to ipo etf manager renaissance capital, there have been nine tech-related offerings this year. on original shares are up around 18% each since those ipos debuted on each of them. so, again, 18% average move since the ipo price. the two biggest gains have been shopify's today and then, of course, what happened with solar edge technologies which has nearly doubled since its march 26 debut and let's for good

measure get a quick check on etsy which has fallen from a high of 35.75 on the intraday down to 17.50. can you see there. it went public, guys, at 16 bucks a share. melissa, back over to you. >> thank you, dom chu. one tech company that could be looking towards an i'm poe is shazam, the app helping people identify songs they hear on the radio and recently valued at $1 billion in its latest round of funding and now they are looking to move beyond music and into the physical world. rich riley is ceo of shazam. great to have you with us. >> thanks for having me. >> you have a $1 billion valuation. do you feel pressure at all to go public? >> we raised just in january a valuation around $1 billion so that gives us a lot of flexibility to continue to invest in the company and to choose if and when the time is right to go public or do a future fund-rays. >> it is a possibility though in your view? >> certainly, certainly. >> or do you see yourself as an acquisition for somebody? >> we're focused on building a

real stand-alone company and convinced that shazam would be a great public company some day and want to take our time and make sure we just keep building the best company that we can. >> i'm sure most people out there know how your app helps identify music, but talk to us about this new thing. this ad will appear in the "new york times" tomorrow and this is the first move into the physical world for you. >> so we're very excited. today we updated shazam to where for the first time we can use the camera, and so we've always used the microphone to identify music and tv and other things and now we can use the cameras, and the first shazamable printable object will appear tomorrows in the "new york times" and "l.a. times," a full-page ad for the disney movie "tomorrowland" starring george clooney. open your shazam app and click on the camera and in less than a second it recognizes the image and then it takes you to "tomorrowland" and you have an immersive experience where you can explore and brings it to life the way a printed thing has trouble doing so you can learn about the characters, play games and all that kind of great

stuff. >> how does that amplify your revenue streams, if at all? >> the ability to partner with brands and drive mobile engagement across everything they do, so we can shazam-enable tv spots. your viewers could go to tomorrowland. >> wow. >> a neat thing. >> wouldn't need to shazam the show because they know us all intimately. >> give them another reason to do it, and to work across and, you know, whether it's to buy or to share or to -- these phones are becoming more and more important to people's lives and people want to connect to the world around them through these devices and that's what we're trying tone able. >> walk us through the vision of rich riley. where do you see shazam eventually being used? would it be as a gateway to a purchase? >> sure. >> or -- >> we would like to work with big brands, like disney. we'll announce several other big brands next week, and so whether it's from a print ad, a tv spot, package good, we ken gage frictionless mobile engagement because we're already on phone. it's one tap, no typing or

downloading and we can deliver whatever experience that brand wants to. buy, it share, it learn more about it, special offers, great way to deliver a coupon or just bookmark it. send you a reminder for when the movie comes out. all those kind of use cases are very easy to do, but most people use less than 25 apps per month, and we're fortunate to be one of them, and so this is one of the ways we remove the friction. >> rich, thanks so much for coming bit. appreciate it. >> thanks for having me. >> his parents are in the audience. >> huge fans, huge fans. >> "fast money" fans on the planet. >> nan taftic. >> but in terms of tech ipos and we've seen certainly a lot of them, all hot out of the gate. >> and this sounds -- i mean, when i was a kid, i was shazam. tim probably the same thing. a game show called "name that tune." >> it takes away our magic. can get stuff. we don't need shazam but it's a great service. >> sounds cool. maybe i'll just add that to the nine apps i already have. >> do you know what an app is?

>> by the way, one of the features on the shazam app lets you see a list of the user's most searched music and we took a look at top three songs that tim seymour has been looking at lately. >> let's see. >> number one, one direction "what makes you beautiful" because tim apparently is trying to keep up with the kids. >> thank you. >> number two "i think we're alone now" by tiffany on those nights. >> a being lo time since tiffany was popular and i'm bringing her back. >> got a soft spot for tif and his most searched song the barry manilow classic "looks like we made it" which is climbing to number one in the u.s. adult contemporary list in 1977. >> it was that or "weekend in new england" or "mandy," another big one, too. >> hold on. >> human shazam. >> my three top ones, folks, bring them back. >> if they were thinking back in the control room, our correct staff. >> "looks like we've made it. ". >> barry. ♪ >> excellent. >> coming up next on "fast," gap

moving lower after earnings report. right after the break we hear from the gap ceo art tech on the quarter and alibaba jumping 3% today on a bushel nod from wall street. we'll tell you the one trade today that investors were buggs about. that's right after the break. stay tuned. ♪ and here i am

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