say to beam that they had to invest in marketing. so if i'm going to be partners with you, tell me you're going to invest a certain amount in marketing. how do i know you'll pay attention to it? you're a giant company. so with my partners i learn. some of my partners i ask to donate to charity if they'll be in business with me. >> thank you, bethenny. we're going to hand it over to "fast money." we appreciate. i congratulations on your success. melissa lee, to you guys. >> thank you, kelly. "fast money" starts right now overlooking new york city's times square. your traders are tim seymour, dan nathan, steve grasso and josh brown. here's what we've got on tap. opec stood strong, no cuts but that could make one country the unlikely winner. we'll tell you how you can profit now. since 2005, apple shares are rallied 12% in the three months after each worldwide developer's conference but we will tell you why this conference could be different. rates hitting their highest level since october on the heels

of a huge jobs number. the question is simple -- if we are heading into a period of strong growth what should you be buying and what should you be selling? tim seymour, kick it off. >> well, gold gives you a glimpse into the future. sell gold. gold was down 4% on week that was all about rates. buy germany. i would buy at hedge because i think the euro will weaken up. ewg, there's an hewg by i shares because germany has bounced that you have level multiple times. don't think rates are going to the moon. you know where i've not been thelt guy, he's been largely right but the big move up doesn't mean we're going to 280. i would buy the tlt and play for rates to ease up. that's a short-term trade. >> is this a relative choice, go germany a opposed to stay in u.s. stocks? >> absolutely. i think first quarter you got to see what the cheaper euro is doing for these exporters. >> would you agree with that, josh brown? germany? >> i think there's logic to that. i don't have a problem. >> "some," that sounds like a --

>> that's a diplomatic answer. >> i don't know if it's the best risk reward on the board. >> well, what is? >> i'll give you the layup trade that's working now, huge. quite frankly you have time, the train is leaving the station, it's not left. >> bring it. >> the regional banks, take a look at kre. here's an etf of regional banks that almost nobody talks about. we say the banks, the banks, the banks, people think about citi and goldman. this is where the money is going to be made. 70% of the loans on regional bankbooks are priced off the short send. so if you get any kind of hint of fed funds liftoff in september these stocks will anticipate i by three month which is means they're moving right now. >> the xlf is -- it's got insurers which have largely underperformed relative to its other peers in addition to the large banks. >> the problem is the core constituents of the xlf are too

big. they trade based on other issues like regulatory penalties. these are the banks that are benefitting from a tighter labor market, from a bit of loosening up of loans from commercial real estate. this is where you make money from that and it's already happening. >> i agree somewhat with what josh just said. >> somewhat. all right, you guys are holding back tonight. you're being too polite to each other. >> has the train left the station on your trade? >> i think the train is still in the station, they're ringing the bell, though. bank of america is my trade. >> passed out refreshments. >> bank america is on to perform. i am in the storck, it's up 13% since march. i think it has more room to move higher. it's lag it had overall group but bank of america and i would be a seller of utilities. they will continue to be down. >> does that mean you're more cautious other banks that have seen a run like a goldman sachss? >> goldman sachs is up 9%, j.p. morgan is up 8% go.

with the lager. brian moynihan says he has more work to do with bank of america so people sold that and kept a lid on it. i think this is at a point where if we can get above that $18 mark it's off to the races. >> my stuff is less controversial. to me if you think we are poised for growth in the future, you have to play for global reflation of growth and so to me there's a couple laggers in the usa company like cisco systems, for instance. here's a stock that trades at 13 times earnings. i know they're not growing a heck of a lot but they have new management here, they're exposed to strong secular shifts. we know they want to get bigger in cyber security. they have a ton of cash. they're getting out of non-performing businesses and are likely to get into higher growth businesses. this is the company i think that is i cexposed to reflation and don't think you have a heck of a lot of risk here. a 3% dividend yield and a company like ge, i would throw them in there also which has been stuck in the mud. we know they're divest ago lot of their financial assets but this is the trade. if you think that the globe is about to -- >> see, i feel like the "if you

think" has an asterisk. >> well, it does. >> you said these are less controversial, i think they're smart choices but choices that if you're in a late cycle industrial run, talking about ge and about cisco and for cisco to move the needle they need emerging markets to recover and they haven't said they are. i applaud the call -- >> do you understand my point? my point is growth has been so poor the world over. if you think it's about to get much better. if rates are telling us that, these are the names that should perform in a better economic environment globally. turning to today's key opec meeting where the cartel announced it won't cut production which is likely to put further pressure on prices, our next guest says oil's next wild card could come from an unlikely place. iran. bill spindle is a senior writer and former middle east bureau chief for the "wall street journal." he joins us live from vienna where the opec meeting was held. bill, always great to see you. why would iran be sort of a -- the thing that determines everything else? what do you foresee happening? >> well, yeah, i think one of

the big questions behind the scenes that wasn't really directly addressed today in the meeting i don't think but will certainly be coming up on the market in the next six months or so is iran and the amount of oil they may or may not be able to put on to the market if sanctions are lifted as part of some sort of nuclear deal. the iranians -- the oil minister basically said that he could bring on close to a million barrels of oil within six months to a year. there are very few people who believe they could bring that much on but most people are in the market of maybe 500,000 barrels within six months to a year which is a significant amount. the iranians, of course, would like opec to make some room for them by withdrawing other production so that they can come out of the market without pricing falling. the saudis in particular, but i don't know anyone in opec is in any mooded to do that. so the question becomes is can the market absorb another half a million barrels over the next six to eight months? >> one analyst, rbc head of

commodities, was making the point that opec had pat because they're acknowledging u.s. shale producers are playing a huge role in determining the global price of oil and they're waiting to see how the market responds and if a reset doesn't happen by 2016 that could force their hand. how does this all play into that? if iran wants to pump more oil out there, their hand might be forced at the end. >> yeah. i think that's one of the big questions. you know, basically opec is divided into kind of one small group and one larger group. there's a large group that desperately need higher prices. they really have to pump as much oil as they can. their budget is totally dependent on it. their economies depend on it. then there's the gulf arabs led by saudi arabia, uae, kuwait. they have a lot of savings. soy think they're happy, particularly the saudis, with prices more or less at this level because they can find out to what extent are the shale producers able to keep going at this sort of price level? can they continue production at

these levels or are we going to see u.s. production start to fall off? everybody is looking at that. and particularly opec to see what happens there. so that's one test that i think they're trying to pull off. but, you know, even the saudis may have trouble lasting how many years are they willing or how many months are they willing to sort of let this play out at prices at this level? and the more the iranians come on to the market with more oil obviously that's going to prolong that period. >> bill, thank you. thanks for your time, appreciate it. bill spind ilespindle, "wall st journal." maybe not surprising, we didn't see oil move on the back of no change from opec but we did see a big move in oil partly because of the dollar but also because of the rig counts. >> and i think that's what you have to listen to. it's interesting becau ining ber said they would add 16 rate counts and bring themselves back to 36. there are a lot of guys waiting here. this is what you have to be careful about. we've had a good run in the oil

service names. the on shore guys to me look interesting. the offshore names are no touch. so neighbors, nhp, look at those. the rig not now. >> services and refiners today were big movers. >> refiners look like they're rolling over but baker is probably one i would stay with. its chart looks more productive than the rest of the space but you have to realize what bill was just talking about. everyone has been factoring in iran. everyone knows those million barrels will be hitting the market. the real threat is when you see some redheadline with isis. those are the real threats. >> josh, where do you go in oil? >> i put the producers in the too hard pile. i own xle and i think that's probably the easiest playwright now. it's not exciting, i won't do much but you're getting a steady dividend until things get more clear. still ahead on "fast," the u.s. government gets hacked and cyber stocks are on fire. but there is one software traders are not getting. we'll tell you which one that is. plus, could this be the most

overhyped apple developer's conference ever? the hurdles the company has to clear before monday a special report after the break. forget about belmont, the real race is between the dollar and ten-year yield. which will continue to rally? the traders place their bests. much more "fast money" straight ahead. leave early go roam sleep in sleep out star gaze dream big wander more care less beat sunrise chase sunset do it all. on us. get your first month's payment plus five years wear and tear coverage. make the most of summer... with volvo. can a a subconscious. mind? 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? hey, what are you doing? you said you were going to find out about plenti, the new rewards program. i did. in fact, i'm earning plenti points right now. but you're not doing anything right now. lily? he's right. sign up, and you could earn plenti points just for being a wireless customer. in the meantime, i just kick back and watch the points roll in. where did you get those noodles? at&t cafeteria. you mean the break room... at&t - the only wireless carrier to be a part of plenti, now when you add a new phone line to your wireless plan you get 5,000 plenti points to use in lots of places.

shares of cyber security companies are higher today. check out fire eye, palo alto networks and barracuda networks jumping today. grasso? >> first we had the attack on target, then home depot, now you look at this latest attack with four million federal employees. if you look at this, you see where the trend is going, you see the agreement with fire eye and visa. fireeye is up 60% year to date. palo alto year to date. and then a small company is basically up 67% year to date. if you look at the market caps, these are the names people play. the favorite one is fire eye. i would stick with that one. but palo is definitely there as well. >> josh's favorite is fireeye. >> that's the one. that's the one. >> that's it? >> it gives you so many different facets of the security

trade. are they just did a huge deal with visa. you know they're doing stuff with the government. i just think fire eye is the best way to play. not that any of these companies are cheap. but to me that's the one with the best chance of really growing into its valuation. >> thanks to the acquisition of mandient way back when, they're often the first responders when there's a breach. >> this stock started to move over the last couple days. the breakout from $45 has been almost parabolic. >> i would add we're talking about cisco before. who has the most contracts of any u.s. corporation or one of the top three at cisco? at some point they've focused on this space. they're going to get in the a big way and they are going to have channels open. that's the way you play it going forward. next up, underarmor jumping 5% in today's tray after d.a. davidson slapped the stock with a buy rating. they're also teaming up with stefan curry which could lead

the a billion dollar basketball brand. >> there's nothing not to like about steph curry or under armor. it sells at a premium multiple. they deserve it. they've been smart about doing deals like the curry deal. they're very surgical. they're picking the right players as opposed to adidas and nike sponsoring entire teams and sports. this is working for them. my kid is under ten years old, they will only wear under armor, they're not interested in nike. this is the beginning of a huge brand build. it's still early. i like the name. it goes higher. >> under armor, nike, foot locker, finish line, lululemon. >> nike. nike. and i hear what josh is saying, there's no question the cool kids, of which i'm sure his son of 10 is, are gearing towards under a mortar and the technology around the apparel but nike is a global brand controlling the price packs and i think somebody that -- >> i like nike, too. i would agree with that. the difference is with under armor you're getting 20% to 25%

compound annual growth rate for as far as the eye can see. >> that's the international growth aspect. >> most of the revenue is -- >> they have internationals completely open for under armor whereas nike -- >> i would say in a rising dollar environment maybe that's good. >> you know, again, josh is right. it's been a premium company and people know about the valuation but just know that the comps are rough for these guys for the next couple quarters so it's nothing about the company. the company is doing great things and they are growing but to say the stock needs to go higher, i don't know. >> i somewhat agree with you on the comps. [ laughter ] i still think if they can continue to come in with top-line revenue growth the way they are people will forgive things like currency or minor slipups in earnings guidance. next up, apple. the tech giant getting ready to launch its beats streaming music service at its worldwide developers conference monday facing off with an army of growing rivals who are prompting the tech giant to make changes. julia is in l.a. with the

latest. julia? the big news expected monday is apple's long anticipated launch of a streaming music service, putting to work its acquisition of beats for $3 billion a year ago. now, apple's expected to charge $10 a month for unlimited streaming music. plus internet radio curated by d.j.s and artists. now, this shift is selling access instead of ownership is apple's biggest change since it revolutionized the music industry by launching i tunes a dozen years ago. apple is changing the music business which generated $1.6 billion in sales last year and is poised to surpass the market for digital down loads. it is a competitive market led by spotify which has 60 million users. 15 million of whom pay $10 a month. amazon, google plus startups deezer and ardio have similar subscription offerings. and to better compete with pandora, apple is expected to revamp i tunes with the human

touch, d.j.s and artists curating. with these changes in the works, the "financial times" is reporting apple is discussing charging less than its typical 30% cut that it takes from subscriptions sold through the app store. taking a smaller fee would make apple more appealing to media companies from netflix to the "new york times" who have growing distribution options not just through google but also the likes of facebook and it could help protect apple from regulatory scrutiny. melissa? >> thank you very much, julia. that's not the only major hurdle apple is facing. retailers apparently are backing out of apple pay, new no new apple tv coming out according to recode and people are already looking for software updates on the apple watch. >> i would say expectations aren't particularly high. there was a lot of expectations about the suite of services and the revamped music system and apple tv set top, this is going to be important stuff, but not yet. apple why, while it had a lot of hype, really is not generating a whole heck of a lot other than the fact that they do have

700,000, 800,000 itunes accounts with credit cards there and it's all going to be part of this ecosystem at some point. but not yet. to me i don't think expectations are high. i think there is a chance for a surprise but i don't think it will be anything on the product front. >> there's a difference. i'm going to pushback. there's a difference between people expecting things from apple which i think expectations are in fact high and financial community expectations from apple. because many people do not build as optimistic an uptick for apple watch, they didn't build in much for apple pay so the expectations weren't necessarily there. >> it's the iphone company. it's plain and simple. so when we get their results in late july, if we don't see the sort of growth in china, that's what the story is is about right now. that's it to me. >> there's a single company in the s&p 500 that consistently deserves the benefit of the doubt it's apple. >> disney. anyway -- >> you agree with him somewhat. [ laughter ] we have to move on. here's what else is coming up on "fast." forget about american pharaoh. because there's an even bigger

race happening between rates and the dollar and we'll tell you which one is likely to go higher and how you can profit. and later in the hour, some are calling it the i-trade. one trader has found a way to make money if apple stock goes up, down, or nowhere at all. >> whoa. >> we'll explain how you can do it, too, when "fast money" returns. you used to sleep like a champ.

then boom... what happened? stress, fun, bad habits kids, now what? let's build a new, smarter bed using the dualair chambers to sense your movement, heartbeat, breathing. introducing the sleep number bed with sleepiqtm technology. it tracks your sleep and tells you how to adjust for a good, better and an awesome night. the difference? try adjusting up or down. you'll know cuz sleep iq™ tells you. only at a sleep number store where you'll find the best buy rated mattress with sleepiq technology. know better sleep with sleep number.

welcome back to "fast money." we have a news alert on twitter. twitter is going to hold a secondary offering of stock approximately 10.4 million shares of stock will be sold by existing shareholders. twitter will get no proceeds from the sale overall. the shares are relatively flat. what this has to do is with twitter's earlier acquisition this year of a digital ad company called tell apart. now that tell apart acquisition happened as an all-stock transaction and as a result that stock is being sold by some of the existing share holers from tell apart. so that's the reason why. twitter not getting any proceeds. these are existing shareholders selling and they were existing shareholders because they got stock in the tell apart acquisition by twitter. back over to you. >> thank you, dominator.

>> this is about half of the average daily volume here. i suspect that you'll see demand for it. i think it is a financial sort of thing but i think it's going to be a great tell. normally if you would see something like this fall apart on 10 million shares you get nervous but i think it will be fine. >> this is a stock that's been stuck in the mud. can't do anything right it seems now. >> this 35, 36 level is an important level for the stock and the more it holds the more you start to i believe in. >> all right. sports fans are betting on which horse will be victorious at saturday ice belmont stakes, traders are betting on the race between the u.s. dollar and the u.s. ten-year yield. check out the chart of the day on both. surging so far in 2015. we're taking bet chos on which will finish the year higher? josh? >> ten year, i don't think it will be close: no doubt about it? >> well, doubt about everything. look at the bags under any eyes. all i do is doubt. but if that's the competition i'll take the bond. >> the dixie looks like it's

breaking down technically. i've said it a while. it's a series of lower highs. i'm perplexed with this trade because i think technically it breaks down but i can't see a reason why it should theoretically. but i'm going to go with the ten year. >> i suspect the dollar holds in. when you think about what europe's doing with their q-e, they're not going to stop any time soon. they're seeing green shoots or whatever you want to call it here. i think the dollar remains strong. >> i think t-75 on the ten-year is a level you max out on. i'm going dollar. i think the dixie stays strong. i think we've had a good move on rates therefore i think the dollar has room to run for all the central bank differentials we know about. >> okay, so dollar room to run. that means oil remains weak? yeah or no? >> yes. but, again, oil has digested a strong dollar a couple times and we've reached our pain threshold. if we're talking about oil, i think brent holds 60 bucks. >> to me, oil looks like it does hold period because today looked like a risk on trade for a lot of funds. you saw people get in there because opec has been an

overhang for the market for a while now and people saw this as somewhat of a clarity to the situation. not complete but it seemed like people were just getting back into oil because they felt like that opec cloud lifted? >> so the dollar continues stronger. i know you didn't say the dollar, but if the dollar continues stronger to the end of the year does that provide an additional head wind to multinational companies at this point? >> it's a function of how much of the kitchen sink they've thrown in in talking about the dollar. and if you noticed, when they talked about fourth quarter earnings they all lamented the dollar. and second quarter the dollar spent most of the time down. you didn't hear much about it. they might have already gotten those expectations right sized. i don't know if we know yet. time for the final trade for friday. let's go around the horn. >> buy the tlt, this is not a major move because i think rates can hold these levels but again you own it here, play it down, do about 225 to 220 on the ten year. >> dan? >> i have to wish a happy birthday to a lucky woman, different of the show, my mom

obviously. >> oh! happy birthday! >> how do we top that? >> you can't. cisco, we were talking about it earlier. if you see it below 28 that's where i want to own it. >> happy birthday dan's mom. bank of america is my final trade. >> ebay going higher. >> it was somewhat of a pleasure to have you on the show. that does it for us on "fast" catch us back monday at 5:00. don't move, "options action starts right after this break." when you're not confident your company's data is secure, the possibility of a breach can quickly become the only thing you think about. that's where at&t can help. we monitor network traffic worldwide, so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most.

we are live from nasdaq where the only thing higher than the ten-year is carter's spirits. here's what's coming up on the show. missed the rally? >> i'm as mad as hell and i'm not going to take this anymore. >> relax, buddy, we have the ultimate catchup trade. we'll tell you what it is and how to profit now. plus, how would you like to make money if apple shares go up, down, or nowhere at all? >> brilliant! >> you have no idea and we'll teach you how. wow won't believe what stock traders were piling into today. >> that's classified. >> but we've got security clearance and we'll tell you all about it. the action starts right now.