see a female in the white house in 2016? >> i need to learn more about all the candidates before i speak publicly and i will add that i don't know that my approval for anyone would help them get elected. it might go the other direction, so i think i'll be quiet when i have my candidate. >> thanks for being here. kathy ireland from kathy ireland worldwide. "fast money" begins now. >> live from the nasdaq marketsite in times square this is "fast money." our traders on the desk tonight are here. tonight on the fast inside scoop on how one trader tripled their money on the martha stewart deal in a matter of minutes. the suspicious trade you have to see to believe. the three stocks hedge funds are using to beat the market. a special report that could bring you serious profits, but first to the record-breaking rally on the street and the

nasdaq captured the attention. the index closing at a new record high. all three of the major industries adding with 1% gain across the board. guy, what a night to kick it off. >> b.k. and b.k. said the fed gave the all clear sign. again, the market doesn't give you this long a period of time to buy the lows or sell the high which is why i think despite what i think about the economy is the s&p will ratchet higher. 121 has been the line in the sand. that made an all-time high today. the transports participated and individual space we've talked about cybersecurity for a long time now. palo alto networks all-time high. look at the move in fire eye there are pockets of stocks that continue to work here. >> yeah and i think the economy is actually you got data today that was very very good. you had jobless claims, a leading indicator index and everything the fed believes or trey tried to convey. they gave a bullish sentiment.

ie or also known as the clear pathway that guy was talking about. what does that mean? it does mean the transports can continue to run. look at the rails. ksu, csx, a lot of them going through pricing issues had issue issues going on with commodity prices. they are starting to bottom. the valuations are interesting and back to the nasdaq look when you have volatility and we will have more coming, you go to high quality and in the nasdaq, this are valuations and high-quality names that give people comfort. it's intel and microsoft and cisco, these are names. >> couple other things with the nasdaq and the reason why i went to do highs is one they are exposed to the global economy and to a strong dollar. if we are indeed going to get a weak and/or sideways dollar very good for those guys. not only that they also a lot of them have descent dividend yields so one thing i did was bought microsoft.

exposed to the world, would do well on a weaker dollar. for me, that's the trade you do. that's why i think people were piling into the nasdaq. >> guy talked about the s&p going high. what it needs, since it's so large cap heavy, you need a weaker dollar to go forward. we saw in oracle you talk about the s&p and iwm, you can see that out performance start to narrow down. look at energy names. >> the big picture is over 24 hours, we reassessed the fed. there may be one rate rise if at all. that's a huge change from tuesday night. >> i'm not into rate rise. the bond market is not telling a different story. i'd be surprised if they hike this year. maybe they will do a quarter point, maybe, maybe not. my opinion they lost control of the bond market. look at the way the tlt traded. what was resistance in the form of 2 1/4 in yields became

support. tim talked about bonds feel like they are breaking out the wrong way, in other words, yields going higher. >> i have to clarify, the s&p, i would not be dipping in just yet. >> with the nasdaq at that record closing high here, where do you go with the nasdaq? do we have that bubble conversation or a bargain? let's bring in the legendary deck investor roger mcnamee. thanks for being here. >> thanks for having me. >> should you buy it or be nervous? >> i remain nervous. i think this is clearly a bull market. everything feels totally secure but it's been seven years since the last correction and one your panelist just pointed out. you know we have a lot of issues in the bond market. i think we have, if you -- there is plane theplenty of things to worry about.

the issue that everyone faces here is that we are going to have a correction one of these days. it appears it's likely to come from some source we're not thinking about. you know there is a giant bubble going on in tech. i don't think that that's a problem for the market. i don't even think it's that big a problem for tech. it's a postitive for the economy. the market will continue for a little while but one of these days, there is going to be a piece of news and wish we had more cash. for myself, i'm maintaining a high cash level because i think i'm going to get a better chance to buy stuff, maybe even this year. >> roger, it's tim. thanks for joining us. sounds like there is two different ways to look at it. with a background with someone aware of how much cash there is on the sidelines, how much of that is really the removal of that punch bowl concerns you or valuations or growth? >> it is a great question. the thing that concerns me is not that we're dealing with

phony companyiescompanies. the bubble going on the application of the technology of the smart phone is allowing for the transformation of a bunch of traditional industries. we've seen what uber and lift are doing relative to transportation transportation. what air b and b is doing relative to lodging and fit bitbit is doing. those are all very real business opportunities. the problem is the that in technology have forgotten markets are volatile and very few business opportunities grow straight to the sky. so what happened is we've taken 125 companies and said wow all you guys are kind of most of what uber is doing, that is just justjust just .9 uber or .8 uber that will work poorly for those putting money up. the list of investors is so

small and the actual number of dollars so small i don't think it's a market issue. for the economy, it will actually be a positive. you guys know this we've built almost every great industry in america on the backs of the financial bubble and you know the only people who get hurt from it are the speculators. the economy gets left with a new industry. the same thing will happen here and, you know i look at this and for my money, it's been a great ride. i'm going to step back a little bit, watch what happens. i don't actually see the catalyst that causes the market to go down. i'm wondering what that will be and for the rest of you guys scratching my head because there is potential sources, i'm just mystified to the one that will be the cause. >> roger, have a good night. thank you for joining us. b.k., how are you trading this? >> what roger is talking about is there are real businesses out there. uber has a huge valuation but because it's platform.

you can do many things with it. when you're a public markets investor, you can get into the companies with the to to buy that growth. you can either buy the smaller cap names you think will take it over or buy a name like microsoft like i did today that has the potential to take things over. if it's taking over a crm or something where they can buy the growth, that's the play going on and in the meantime you get a dividend. in a flat-rate environment, that looks good. >> fire eye and palo alto up 50% year to date and fire eye up 75% year to date but this is what we're seeing valuation, we'll start to see spend from the federal government spend from corporations. it's going one way. it's going north. not south. not sideways. these are numbers you have to hold your nose and buy them. >> guys we have breaking news at hk with dom chu. >> a steak in conagra, we do now

have a statement from conagra. conagra are commented to acting in the best interest of shareholders and we welcome share hold earn gaugement. we look forward to opening discussions with jana partners after the june 30th fourth quarters and discussing their views on shareholder value creation at conagra. i want to throw out three names possible board candidates per the regulatory filing they have named in the filing possibly brad alford a former ceo of nestle and james lawrence, the former cfo of general mills and hired as a consultant diane deets who is safe way's merchandising officer. a lot of folks thrown in the regulatory filing as possibly people who can get involved and all have consumer products and or grocery type experience to go along with it. back over to you simon. >> thanks, back to you, b.k. >> this stock is up 33% over the

last 5 two weeks. it's up seven to 8% this year. not like management has been doing a terrible job. you're not talking about a cratering situation. i'm curious to see what changes are going to make maybe they do one or two or three board members. that's good for a couple percent but not a terrible company as is. >> up next on the program, heading out to greece where the clock is ticking loudly on a potential greek default. one of the hottest stocks in the space could be set to surge even higher. we'll tell you which one next. later, the smart money keeps getting smarter. we got a special report on the three stocks that hedge funds are using to beat the market. that's all ahead tonight on "fast money." attention investors! vectorvest mobile is here and it's free! make faster, smarter better trading decisions with vectorvest mobile. the most powerful app or managing your portfolio from the palm of your hand. only vectorvest mobile analyzes ranks and graphs... ...over 16,000 stocks worldwide, everyday,...

...and gives you clear buy, sell, hold recommendations... ...on every stock; anytime, anywhere. vectorvest mobile comes free with your vectorvest trial. get it now! visit vectorvest.com/mobile to get started new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business hey, can i help you? yeah, we're interested in the iphone. we promised one to beth for her birthday. you know mobile share value plans now include rollover data, so the data you don't use this month rolls over to the next month. wow, even better. so what are you gonna do with your old phone? i'm giving it to my sister emily. she gets all my old hand-me-downs.

oh i'm into bedazzling too. and you admit that? yeah...i...i used to be into bedazzling. i'll go get your phone. get the iphone 6 with rollover data to share. only from at&t. the 27 heads of states of the european union will meet in emergency session monday to discuss greece. that's after the finance ministers failed to reach a bailout deal with athens today. time is running out before the june 30 deadline, the day greece's bailout expires and the money they are after disappears. the meeting coming amid greek

protesting against their government for fears that the way the left wing politicians are negotiating with creditors could cause the country to leave the eros if not the european union. cnbc michelle cabrera is live for us tonight on the ground in athens with the latest on the greek drama. michelle over to you. >> reporter: hey, there, simon. the that emergency summit happening on monday because there was complete and utter failure of the finance ministers today to cobble together agreement when they got together. expect takes, though were incredibly low, so it's not like anybody thought there was going to be some big breakthrough today. increasing concern about whether the greek banking system can hold on for very long. there were reports today from two different outlets suggesting when one member of the counsel was asked whether or not the greek banks could open tomorrow tomorrow yes, monday he wasn't

sure. that raised concern. reuterss reporting there could be an emergency request tomorrow to the european central bank from the national bank of greece for more emergency liquidity assistance, more cash here to the banks because people have been withdrawing so much money. locally the banks spokesperson denies that. we'll find out tomorrow exactly what is true but once again concerns about the banking system. what is really crucial here is june 30th. that's the day that greece is supposed to pay back the imf and the day the program officially expires. that in theory is the day that the ecb might have to take a tougher decision. however, if deposit out flows are faster or grow worse, the decision could be brought forward. we'll have to watch and see. simon, back to you. >> michelle it will seem astounding to most people that greece potentially goes through a banking crisis over the next few days the greek prime

minister tomorrow is in st. petersburg meeting vladimir putin, trying to sign a deal with him. is that because the greeks or the present greek prime minister doesn't want to stay in the eros zone? >> reporter: that's, you know he has insisted that absolutely he wants greece to stay in the eros zone and he says continuously that he's committed to reaching an agreement, however, he's been unwilling to do several of the key items, whether it comes to pension reform taxes, et cetera that would have unlocked the money thus far. why he's going to russia there is speculation that he's there asking for some kind of financial help even though russian finance official said today that wasn't the case. at the same time greeks here are quite concerned. the protests we saw tonight was very much against this government concerned that what is happening here is going to lead ultimately an accident if the prime minister doesn't want the country to leave the eros

if there is an event, it will be harder to stay in the eros. what alexis tsipras is thinking i don't know. >> another long day, another long day for you tomorrow. life there on the streets of athens where it's 20 past midnight. the reason the markets in this country don't worry is they assume at the end of the day everybody will behave rationally and that they will do a deal because the al tern thetive tivealternative is so bad. >> after janet yellen said greece was a concern for her and she was concerned, the markets here are saying well you know what? if there is a so-called graccident, if there is that pushes the fed off longer and a weaker dollar and everything is great. in term thes of the u.s. stock market, it's set up fairly nicely. i'm skeptical there will be a

made. i don't know how either side backs down. the trade on this besides just u.s. dollar i think you have a trade on the eros. you can actually be long eros here and the reasoning being on any deal the eros generally rally. if there is no deal and greece leaves the eros zone is better off. their economy is better off and the eros should rally and stronger eros. >> for the record 11 big events in the process taking place this year, making late payments and so on. according to ken's show the u.s. dollar index rises 0.12% and the s&p trades negative 70% of the time down an average 1 one-third of 1%. >> if you look at where the market is. the eros got back above the 150 daily moving average, which is an important level. you can make an argument at

114.50 it will breakthrough. you sell it. i think you buy germany and again, if the eros sells off, germany will rally and hewg germany is retaking this 11,000 level important. this is evaluation call momentum call and currency call. >> look at the move to the downside on the tax early tuesday, reversed closed higher on the day. we spoke about the reversal there. we thought 10,500 is a line in the sand. i think that's close enough for a 50% retracement of the october low and recent high. i'm into tim's camp. germany has a specific bottom. >> the only problem with tim's camp you run into the problem with the dollar strength. the this is a dollar weakness allowing for companies to take a back step peddle back off but if that happens, then we're right back to where we were and it's negative for u.s. equity markets. >> i feel you'll be discussing it tomorrow again.

>> somehow. >> one of the hottest stocks in the biotech space could be on the verge of a bigger breakout. a special report on the three catalyst that could send biogen soaring to new highs. in the meantime here is what else is coming up on "fast". >> stocks soaring, janet yellen apparently sang the right tune. ♪ this is what it sounds like when doves cry ♪ >> we got the real reason the fed didn't raise rates and what it could mean for your portfolio. and a trader was able to triple their money on the martha stewart deal. >> martha stewart changes people's lives for the better. >> we'll break down how they did it and whether it ever happened. all that and more ahead on "fast."

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welcome back to "fast money." hat shares are down by 1% pairing some losses despite first quarter results that beat analysts' estimates. it's sending the stock perhaps a bit lower as orders rise but at a slower rate than anticipated. the company gave no guidance and shares down about 1% here. the stock is on a nice run,

simon, up about 14% this year. back over to you. >> dom, thank you. have you been trading this? >> thatis is a great quarter. they traded 36 times. operating margins better than the street was looking for. beat on eps, beat on revenue. this will be one -- doby did the same thing. sell the stock to make another high. it goes higher from here. long red hat on this. >> that gets back to bubble territory. earnings is 85 times and yes, it goes higher if this market is willing to throw money at momentum, high multiple stocks. it's in trouble if we don't. >> dom, you have more for us i believe, correct? >> we do. headlines are coming across from the conference call. they are offering guidance for the current quarter, guidance coming in at 44 cents a share. that narrowly misses by a penny. a forecast on earnings current quarter, we'll see if the stock moves.

share haves seemed to have paired a lot of losses down by about six-tenths of 1%. >> you don't have to rush out tomorrow and buy. we'll have to see what the rest of conference call says. here is the pattern this earnings season you wait for the conference call and generally speaking everything reverses. the way red hat traded it's been a fairly good trader. here is how i trade, i tomorrow morning would sell half of it half of my position and wait to see to scale out of the other half. >> high time for biotech surging to new highs today. the nasdaq etf, ibb up 3% and big four biotech seeing huge moves, as well. one of those names has a few catalyst that could drive the stock much higher. it's time for some stock therapy and here dr. meg terrell, cnbc's biotech reporter. what name are you watching meg? >> simon, if only i were a doctor, that name is bio again.

they expect to see another biotech breakout after the tremendous couple years. i asked around to analysts to see if there are pockets they consider under valued in biotech and pointed to some of the big names, those big four we talk about a lot and bio again is one that a lot of analyst haves been highlighting as having catalyst coming up. two that are really on the tip of their tongues are their all timers drug and their approved multiple sclerosis drug. let's start with the alzheimer's drug potentially one of the biggest ones. we saw a big move in mark and a pull back in the stock since then onzheimer's data. more data on the all timers drug in testing which will be highly, highly anticipated. that's a big one to watch. this drug is already approved for the most common form of multiple sclerosis and brings in $2 billion a year but the company is testing it and

additional indications including secondary progressive ms makes 25 to 30% of the market and under served by the drugs approved now and other indication is stroke. we should see data in both of those indications later this year. rbc just coming out and saying that new ms data could be earlier than the street had been anticipating. so that could come over the summer. but potentially big upside there, michael yee saying the indications have the potential to bring in $1 billion in revenue. william blare saying up to $7 billion in peak annual sales if it gets that additional ms indication. however, these are high-risk, high-reward programs. all three of them and it's interesting because jeff at bernstein coming out saying biogen is older slower growing drugs and high-risk pipeline that gives a lot of potential upside but it's risky, simon. >> thank you for that, meg.

stefve is it on the top of your tongue? >> it's a top holding. i think you can mute a lot of risks when you look. every time you bet against it you've been wrong. it's up 20% year to date and if you look at the top four or five holdings they are up 18%, 20%, risk reward you stay with ibb and stay away from the events with a stock like this blow up on you or the risk reward is not that for me. ibb is the way to play. >> coming up, the nasdaq may have set a new record today, but why is apple one of the most widely held stocks in america sitting the rally out a deeper dive, next. and later, a very suspicious trade in martha stewart, well, the martha stewart company ahead of a deal. how one trader tripled their money in just a matter of minutes. it's a story you won't want to miss.

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see how new york can give your business the opportunity to grow at ny.gov/business welcome back to "fast money." the first high in more than 15 years. the dow and s&p seeing broad gains in today's session and the russell 2,000 closed also at an

all-time high. here is what is coming up in the second half of "fast money." trading to the extreme kicking up the adrenaline, the best ways to play the growing trend of extreme sports. plus shares of martha stewart living jumping on reports of a potential takeover and one trader tripled his money in a matter of minutes, we've got the details on a suspicious trade ahead. let's start with apple. the nasdaq hit a new record today and the markets rally in general. apple sat out the party. the stock up a half of 1% so what is wrong with apple? >> i don't think anything is wrong. apple historically doesn't do great. people seem to forget about apple and move to higher, betters. it's bidding a base. i'm surprised it lasted the 127 level so long. i thought we would see the next move higher probably up to 155. with that said, i think you stay 1 22 .5 on the downside.

>> if you look at the mega cab tech had runs in the first quarter and apple had been a great year 90 to 130. i'm on the stock for the following reasons. the valuation as good as there is the capital return policy there are catalyst but the hardware refresh continues, china is a big deal for these guys. i don't know why you wouldn't own it. the momentum is out of the stock. that's good for investors. >> when you say apple is running out of gas, it's up 15% year to date. if that's running out of gas, i'll take it. tim was eluding to the another name. google google seems to be really troubled. i sold the stock i was in it, i sold it around 5.60. this stock can't get out. there is something sick about google. can't figure it out yet but i would rather be in apple, even running out of steam. >> the problem with apple today, right now is the fact, the watch seems to be disappointing. most of the research tends to be disappointed in how this is

coming out. that being said what tim is talking about is kind of back half of the year catalyst where you have this hardware refresh. you have potentially china coming in line and then potentially what they are going to do with tv and streaming, all of that. so to me again, in and this sounds like a broken record but apple seems to be back half of the year story. i think at 127 you're safe owning it. >> the watch stops are profitable. did you read that today? >> i did see that. will that move the needle watch straps? >> still on air, simon. hedge funds aren't sitting out the rally, they are finally beating the s&p the this year. which stocks are driving the profits at the hedge funds. that's a task we set dom chew at the prodesk. >> it is. it's nice to be here at the prodesk. 2015 simon is a good year for the hedge funds, like you said. year is half way down and according to the a new report, hedge funds overall have log add healthy 5.4% gain through the

end of may this year. you compare that to the full year gain of 4.6% for all of 2014. yes, that means that hedge funds are on pace for a much better year this year than last. you compare that to the last six years, when hedge funds have generally under for formed that strong bull run that we saw off those financial crisis lows in 2009. many of those gain haves come from stock picking or bottoms up analysis rather than making bigger bets on bigger picture global economic themes something called macro investing. what stock haves helped the most to boost the hedge fund returns? using data from them among them timewarner cable up 17%, of course helped along by the pending acquisition by charter communications then gilead sciences up 29% year to date. remember, they are a big player in the very high-profile world of hepatitis c and shares of

valeant up 61%. they bought salex farm ma for $10 billion. that's a few. we'll see if the positive momentum lasts for the rest of 2015. back to you. >> i guess the question is whether these are trains that left the station. >> i mean people love to buy them but if you look at what dom was talking about, you can see how guys are rolling out. they were helped in valeant valeant pharma. if you go back you would see apple be a top holding but i think when you say has the train left the station, you're better off playing names through etsfs. >> i think if you look at a company like mastercard people questioned whether they would get growth ultimately they rewarded. stock picking matters. all the vil it's easy to say the bull market will out perform. we've been on the show for nine

months talking about it. this is a great environment. cf industry is another one. people forgot about the nitrogen trades very interesting. >> there is evidence to say that after a one-year period within a one-year period there is a momentum trade to be had. all these name haves done well. what is interest when you go out to a five-year period it loses that memory and the one name is gilead sciences. it's done well but to me on a five-year period it looks like it entered the last leg of the trade. for me on this run up i'm going to sell it. >> i think gilead is cheap. it was trading at 90 and everybody said it was left for dead. we're at all-time high 121. gilead goes higher from here. >> time for pops and drops. the big movers on the day. a pop for general motors up 1%. >> 1% and find ourself 305.5, 36.

there are better places to be. if you want beta here bwa sold off. that stock has more upside. >> after earnings disappointment earlier, a pop for fedex up 1%. >> this is a name often talked about on this desk for the last couple weeks, slash months. it bottomed in march and rallied 13% and pulled off. the interesting fact is it made a series of slightly higher lows. if you play use the 175 stop to the downside. >> a drop for rite aid down 4%. >> this was an earnings mess and guidance cut. the important thing is it stayed above $8 which is support. i don't think you will make a fortune but not going to get hurt. don't panic. >> higher up 2%. >> yeah they did need help but the stock might need help and upgrade a big part of the move. hospitality stocks doing well. this stock is sideways. i'm not follow thing lead in. >> okay and the drop finally for makeup.

yes, i'm sorry. on wednesday tyra banks served up the true definition of raw but posting the this bare selfie. the reality tv star took to instagram to call out people who claim to upload non-filtered photos. she said the public deserves to see her without an ounce of makeup. we wanted to see one of our traders with no makeup. check out these results. >> i like that scream. >> i mean how cool is that? i mean come on. >> what happened to you, man? >> a rough night. drinking tequila with ken austin watching the show now. >> obviously a good buzz. >> the fed is kicking the can down the road again on raising rates and the market is clearly, absolutely loving it. citi group says there is another reason why they aren't raising rates and it could be very important for everyone. details after this break. you probably know xerox as the company

that's all about printing. but did you know we also support hospitals using electronic health records for more than 30 million patients? or that our software helps over 20 million smartphone users remotely configure e-mail every month? or how about processing nearly $5 billion in electronic toll payments a year? in fact, today's xerox is working in surprising ways to help companies simplify the way work gets done and life gets lived. with xerox, you're ready for real business.

>> the markets rallying again strongly after the fed basically kicked the can down the road for an interest rate increase. many people thinking you may not get one increase at all this year, maybe zero maybe one but

certainly not where we were earlier in the week for many. billy is citi group's managing director at citi group and head of north america economics. nice to see you on the program, bill thank you for joining us. your research note this morning really woke me up because the suggestion is that they are very nervous, scared of raising rates now because of the situation in the bond market. can you just run us through exactly what you're telling clients? >> very much so. in fact the fed is trying to reassure they will do things nice and slow nice and gradual and nice slow move increase in interest rates. one thing i'm worried about is what happened to the bond market since the crisis. our ability to make markets now is much smaller than it ever was before. we have less than one-third of the risk, less than one-fifth of the inventory in the primary dealers' hands. as etfs have grown, when rates go up and go up slowly, will the

rest of the bond market be able to give them a smooth ride or bumpier than they think it will be. i think the bumps will be very severe. >> right. so are you and people will say you're making talking, your book is a big bank we'll come back to that because obviously you would like less red tape. the central assertion is the rates will stay lower for longer because the fed is scared. is that what your're saying we won't get the low rate s because they are worried about a temper tantrum tantrum. >> i think the fed anxiously want tops gets to get the rates off zero. they really they don't have the capacity to affect any rapid rate increase. the minute we talk about raising rates, the one thing the fed is much more worried about is taper tan tan from. if they can reassure everybody,

things will be very, very slow then the hope is we have enough capacity to make those markets. >> hey bill it's brian kelly. so we've talked a lot about the liquidity problems in the bond market, high-yield bond market. how do you see that? is there any slipping to u.s. equities because of this? >> i think the equity market has been a place where people have gone to for liquidity. the options markets provide a lot of bond portfolio with the liquidity they need in part because the lack of market making capacity. >> okay. i'd like to chat on but unfortunately, we've run out of time. thank you for joining us. bk this may be one reason if a lot of professional investors believe this and may do behind closed doors, this is one reason the equity market stays up there makes gains with everybody hanging in on margin because they know the fed can't upset the party from what he's saying. >> that's one part of it. we've seen just what the fed

talking about tapering how much the dollar increased and that's a tightening. so the one thing important what bill said and the reason i asked the question is bond investors are using spy options to hedge their bond portfolio. so that's the trigger and that's the connection between the two markets so that's what you got to watch. >> the other thing bill and his team focused on in the past is the bond market will make its own adjustment and if you don't think a move in the ten-year from 180 to up to 250 and back is a place you have to be careful about and to think the fed is going to move too fast is to think the fed has not done homework. the first hike coming out of where we were in 1937 led to a major, major pull back. >> i feel we're going on past that. how many what is it seven years in. >> but just say this this is why they are going out of their way to move as slowly as they are. >> tim is right. they control the front of the curve, totally lost control.

you're seeing it in tlt. how do you trade? look at the thick quarter from goldman sachs, unbelievable. they will have another record quarter. i think the stock pushes up to 240. >> when we talk about what yellen's statements could have been we talked about and i thought you would see xlf rally and sell off and we saw xlu rally more and that's the way you play f.if they lost control, you have to buy utilities. still ahead, the business of extreme sports is booming and taking extreme stocks for a wild ride. all the details, check that out, right after this break. plus, one trader just tripled their money in a matter of minutes, ahead, a possible deal for martha stewart's living stocks. right after this break. ident your company's data is secure the possibility of a breach can quickly become the only thing you think about.

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pastrano. >> we got to hit that jump. >> if you don't recognize him, you might be showing your age. he's an action sports legend whose earned 17 medals in the x games. his signature achievement came at this moment in 2006. >> my grandma was watching. my friends, long lost cousins and everybody, they are watching the television. >> here is what they saw. [ cheers ] >> oh my word! >> the first person ever to complete a double back flip on a motorcycle in competition. >> by the way, tonight's show has a look if that wasn't enough of the first ever triple back motorcycle flip it took place about four years ago to pull it off successfully that and the new high extreme sports tonight at 10:00 eastern and pacific right here on cnbc. let's trade extreme stocks in

that space. here is our action sports legend guy. [ laughter ] >> based on what? >> well of the four. >> you own the half pipe. >> i own the half pipe. he wasn't the first. go pro. it's disappointing the way it traded. it was down 1.5% but it has performed really well over the last few months. they report in the middle of july. you have to own the stock. i think they have tail winds and become a media company. i don't think it's just a hardware company. >> i go nike and disney. >> that's not extreme. >> we'll get there, we'll get there, simon. simply and quickly, they are in that space. they are one of the best in world and pricing power and continues to have tail winds for the sector, disney owns espn that started x games. these guys continue to print and the multiple continues to be rewarded. we'll see that. >> want to mention fitbit? >> not really. >> okay. >> i'll mention fitbit.

i don't know where, see, fitbit, if you go from 84% market share to 67% market share to i guess in the 30s right now, where do you think that's going? higher or lower? i'll give you my answer lower. there is unlimited competition there. so we think that you want to cash out if you're in the name but you couldn't have been in the name because you would have been an insider. if they sold it you should probably sell it too. >> for me under armor. that's the way you play this. i like go pro. let's expand this out. carl will do stuff on the spartan races and the tough murders. >> the what? >> tough mudders. >> that's how you play it. >> okay, from extreme sports to martha stewart. shares of martha stewart living expanded with a deal with sequential brands and created an instant wind fall of one savvy

options trader. mike, is it you? >> unfortunately, it wasn't me. you talked about extreme stocks extreme profits extremely quickly. they traded over 300 times the average daily volume in martha stewart options today, and all of that activity happened at 247.29 when they were buying the june 5 and july 5 calls. ultimately 3,000 were traded. within minutes, stock was over $6. another worth $1.30 making a quick quarter million in profits for this trader. >> okay. thanks, mike. for more options action check out the full show tomorrow at 5:30 eastern on cnbc. what's the trade on this massive martha stewart move? >> i never want to buy a stock that looks like a flag pole like that. guy makes fun of me on this. for me you need a couple days to wait this out and you're coming from such a low price stock and anything could happen here. you got to give it the three-day

rule. >> 250 is probably now $300 million market cap at best and that explains a lot of volatility. doesn't make much if you don't have this information wherever this guy got it from no way. >> it's important to note you don't go out tomorrow morning and buy the name. the deal was rumored or potentially talked about to be about right here. i'm not sure if there is much left in this. if you're lucky enough to be in it why not take profit? >> i agree with b.k. i can't say it won't go higher. if you caught a 26% move on ten times normal volume and not taking profits, you're trading wrong in my opinion. maybe you're an extreme trader and maybe that will be the back end of carl's dock tonight, extreme trade -- >> or maybe a bad mother or tough mother excuse me. >> can we pitch it together? >> do that one on your own. [ laughter ] coming up on "mad money" tonight, cramer has two collusives, the home furnishing player that's up 90% this year

plus cramer is going off the tape with the ceo of seed invest which is opening up the world of venture capitalism to the avenue vague american. that and more on "mad money". your first move tomorrow will fast, coming up. i'm here at the td ameritrade trader offices. ahh... steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place that lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim? for all the confidence you need. td ameritrade. you got this.

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time for the foinlinal trinldades. >> way to play germany, the hewg just bounced up to 150. >> steve? >> sap is a favorite and should have traded down more base the on oracle's earnings. you can still buy it here. >> interesting, b.k. >> the chinese stock market hit highs and down 4% yesterday. there are ways to play china and the reduction of pollution in china other than going directly to the stock markets. that is your way to play buy it on long. >> quick shoutout to the folks at massman high school and thanks for being here simon. >> oracle although closed down 5% traded eight times normal

volume. we talk about 41 being the line in the sand. held there. >> thank you guys that's it for us. catch "fast money" again at again at 5:00 eastern when my good friend sarah eisen is in charge. cramer now. my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." wum to cramerica. other people want to make friends, i'm trying to save you money. my job is to educate you, teach you and coach it and call me at 1-800-743-cnbc or tweet me me @jimcramer. today's fantastic rally with the dow roaring 150 points and nasdaq rocking 1.3%. >> hallelujah. >> to a new