event. >> see if if there is reaction to no problem with lid liquid in the bond march kent. >> "fast money" coming up, melissa lee, straight over to you. >> thank you so much. "fast money" starts now. live from the nasdaq market overlooking new york city's raining times square. the blitz continues, cnbc live coverage is here to bring you the biggest headlines, julia boorstin is listening in. meg terrell is covering the amgin call and tonight, we kick it off with linkedin. >> melissa, linkeden with the outlook and investors and reorganizing in sales force and reorganizing the ad strategy are paying off. plus, we're seeing the benefits

of the acquisition. not only growing user numbers but engagement with the 60% increase in the linkeden feed with search traffic also growing faster than overall member activity. plus, mobile, which has been a big driver continues to grow at double the rate of overall member activity responsible for 52% of all linkedin traffic. in the call, the company plans to weigh in on the early interrogation efforts, the company released the prepared remarks ahead of time saying that linda's promotional campaign exceeded expectations. with growing attention to international attention, jeff weiner said they released the 10 million member milestone saying china is the second largest market behind new signups behind the new u.s. we'll pay attention to the q and a session. >> julia boorstin, thank you so much.

guy on the closing bell at the top of the 4:00 show. >> love the show. >> you called it right on linkedin. >> they raised guidance for the full year. that is true. they raised it by 29 cents, the beat for the second quarter was 25 cents, so effectively they raised full year guidance by four cents, if you want to knit pick and revenue guidance was okay, not great. when you close near 70 time earnings, that's what happens. the reason was down today was because of the facebook price action over the last few days. i don't think linked in can be replicated. i think they have a mote but the quarter was good enough to get it north of 250, which it did. now it's right back down. what does it mean? you don't touch it right here. you wait and see how it plays out. you got the spike, now i will be honest and say i thought it would last longer than half an hour with that said, now i think it test back down to $200. >> i want to go to colin who has a hold on linkedin. $250 price target.

on the red phone with us and colin, i want you to solve the mystery of linkedin's quick turn around in the after hours session. >> it's a volatile stock. another example, you see the numbers skyrocketing on the headline beat but when you dig in deeper, you realize expenses are still growing at a rapid rate and most of the beat came from the linda.com acquisition that they under guided to the revenue contribution and turned out it will provide more revenue in the later half of 2015. so it's not the core business. it was really accounting moves. >> colin, i would rather see and spences because i feel like that's something the company has much more control over than a revenue miss. so how do you think about that? >> you know, the area in expenses, you look at g and a in pa parainparticular, all the expenses came out higher than expected except for product

development. there is one area you want to see them spending it would be in product development. linkedin is a great company. linda.com will provide cynergies down the line. these in the september quarter will be transition and you have to bear with this in mind and except the volatility. >> and colin, as you get back to the conference call, what are the outstanding issues you want to hear about on that call? >> we want to see what is happening on the enter side. they talked about this has gotten better in the second quarter, let's see if management validates it and hear effort and tranks with sales navigator and finally, what are they doing in marketing. >> we'll check back with you later. jump back on the red phone. turn was a mention, upticked in the march quarter. what did you make of linkedin? >> when the numbers are bad, the stock is actually bad. when the numbers get better as far as jobs get better, this

gets better because people look for it, look for jobs. i think that jobs numbers are so good for so long that we're stalling here in linkedin. the chart is a mess right now. it's a no touch. definitely a no-touch. it's been up, down, with the last stock i saw go up and down like this after reported earnings was twitter. i would stay away for a little bit. i need more conviction in the charts. >> what they are doing to get the engagement with influences, doing something more than just jobs or at least management is trying to do something more than just jobs. i know sally friend of the show is one. she writes fantastic stuff on there and it's the only place she can get it. for me -- >> .3 million in the revenue so the others don't move the needle as long as hiring is where it's at, you run into a wall. >> i would rather see a company make aggressive, not aggressive moves but making moves to change their business model a little bit and i think when you reflect against this, now we have facebook against what twitter

has done, it makes twitter look a lot worse. >> put it into context in terms of the social stocks. it's been a difficult reporting season for a lot of them in terms of the price action, facebook, yes, it ran up into the quarter and had a descent quarter. look at the price action, twitter was a disaster in and of itself. >> people get concerned are evaluations now unless you can show the growth, that growth will continue unless people, they are not giving you the benefit of the doubt they gave you a few quarters ago, let's put it that way. it's not effected the broader market yet. steve probably has a view but maybe closer than we have been. >> got to get to another earnings mover popping. that conference call getting underway. let's get to meg terrell. >> melissa, big raise for amgen by about 6%. on the call, folks are listening for a couple things, first the big cholesterol drug expected to get approved in the u.s. next

month. people will listen to any color about the market and maybe the pricing. be look at more pipeline updates, specifically about their migraine drug, people interested about that like the heart failure drug and bio similars will be a big topic, ones that might compete and i have to mention piece of news, amgen adding fred hassan to the board. pharmacy, to pfizer, big deals. sparking a lot of speculation the that maybe he's come on to help with some mna. guy thinks it's crazy amgen is a target but that doesn't stop the speculation. >> thank you. keep us posted. it's a huge company. >> that is really interesting. >> it is. >> he wasn't sharing for a

handshake basically, turn around and sold it to merck. i don't think amgen deal would be $140 billion dealish. i think the stock goes up regardless. this was a great quarter. guidance, operating margins now pushing 50% and at 17 times forward earnings, it's a relatively cheap biotech name. >> we've got amgen, gilead. good price earnings. >> it's a big waiting there, so in effect, 8.4% of that, i'm happy to be in the space although this is one that on evaluation basis, amgen and the whole space you kind of have to, you know, throw away normal met tricks. >> it will be interesting to see how biotech trades tomorrow. we got good news here and if you look at the chart of the biotech, looks like there could be more. if you look at ibb maybe down to 340 is where i get excited about it.

if we get a reversal tomorrow, just trading on good news, that's a sign to take profits. >> i'll go back to the main stage. go ibb or your xbi and those are the best ways to play. you get cell gene and am agagen regeneron. i don't think they will all turn around. >> coming up next, ford and gm may be in the dumps but one undercover auto stock is surging. why it could send gm and ford for a great trade and the man that called the big dollars breakout is back and you won't believe what he says about the green back's next move. top tech investors getting out of apple. here to explain what it is that has him so worried. that and much more ahead on "fast." can a business have a mind? a subconscious. a knack for predicting the future.

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money." check out what is happening with fireeye. this after the cybersecurity firm beat on both the top and bottom lines, however, maybe some investors focussing more on the fact that the company's

chief financial officer is going to leave the company. he's going to join a private technology firm, the current v.p. of finance will take over on an interim basis. the third quarter outlook is better than expected. the losses that they are looking for in terms of the current quarter were in line but again, a change in the executive suite. the conference call is on going now. we'll listen for more headlines coming in but remember, the headline for a lot of people here is that companies spent 56 more, at least fireeyee scored because companies spent more on preventing with things like the cyber intrusions we've seen. back over to you, melissa. >> 6% now, we got thoughts from our friend at fbr. he says that's not moving the needle now. this is a prove me stock on wall street and need to deliver a home run quarter. the in line product number wasn't enough but billings and guidance were strong enough. he says the knee jerk reaction looks over done now.

>> you never like to see a cf leao leave, but if it is true, that is much better than -- >> just leaving? >> you never want them to spend time with their family. >> that's bad. >> that's really bad. something has gone wrong. >> i disagree with that statement. i think this is all, billings up 57%. this is a name up 51% year to date. i agree with him on that that i hate that term, price to perfection but palo alto. double the market cap of this. this should be bought on any type of pull back but the cfo leaving, that's why the stock is down in my opinion. >> guy? >> sale off in fire eye is over done. i think there is a chance that fireeye gets gobbled up. that's a potential but they had so many management credibility issues when you hear the cfo, you shoot first and ask questions later. that's what is going on now. >> sticking with earnings, lots of names hitting the tape. time to get to the earnings

playbook. it's kick it off with big oil play, conaco phillips but the company lowering the forecast to $11 billion from $11.5 billion and guy, this is a string of companies cut. >> it wasn't a disaster given what it could have been but guidance is not great. how do you trade 24 times forward earnings and an energy market that wants to go lower. b.k. is on that plan, as well. i happen to agree i don't think it will go as low as they think. we are at levels we last saw in early 2012. it is critical that the stock holds effectively right here $51. play it from the long side and do it against the 2012 low which is basically $51. >> i was talking this week and said why would you invest in oil stocks now? don't you need a higher wti trade? he said yes. catching a falling knife at this point. >> yeah, so my view is oil goes lower since the dollar will go

higher and we'll have raul on. not only that, think about the dynamic, all these companies still pumping oil. they can't get the price that they want so they have to pump more oil. to me, to try to catch this falling knife is way, way too early in oil. >> yeah, by the way, rig count, just because rig counts go lower, doesn't mean they pump more oil. >> cut in half and production is the same. >> all right. next up, t-mobile ending higher by more than 4% after a solid second quarter and the company raising guidance. >> another 2 million subs. that's the name of the game. john ledger, the stock up 44% year to date. the number four operator, probably going to number three because probably going to be a deal, more consolidation in this space and i think it's still a buy. >> he had mentioned he was look for a partnership of sorts with a cable company because he thinks the broad band is a nice fit with his wireless network. >> he likes that fit and it's a

spectrum game. he's looking for spectrum so who has the specspectrum? we know who has it. will the deal get done? who knows. the stock can move higher. >> done, stalled or stalled on price? where does it stand? >> that's the key. probably stalled on price. that's where the deals do stall, right? they can't agree on price. that's the number one thing, number one thing on everyone's agenda. stock is up 44% year to date already. chrysler reporting a jump in profit. the stocks soaring in today's session, china, however, still a concern. >> well, they also upped their guidance, too, and i think the reason fiat has done better is because while china is a concern, not necessarily the mayor focus whereas gm it really is global motors. so that being said, fiat is rumored to buy gm and doesn't seem like perhaps the ceo of fiat has the board on board with him on this. i don't know if that deal gets done.

in this case, i would rather not be in the auto space at all, with fiat chrysler, if we can get to 16 or sustain above 16 looks like a breakout. >> who wants to play would you rather? >> i love this game. >> wait, that's a new rule. >> fiat, chrysler. >> three stocks. >> ford or tesla? [ laughter ] >> you weren't expecting the last one. >> that's a hard one. >> i know. >> i wasn't prepared for this. >> let it rip. >> tesla tried that 290 level, failed. it's at 263. i still love the story but i think that needs to trade back to 220. given the three choices you gave me -- >> you want to play? >> fiat, chrysler, ford or gm? >> i'm going to go with ford. >> wow, ford wins. two times, would you rather, rather. >> would you? okay. [ laughter ] >> would you rather pudding, rice pudding or vanilla pudding?

>> forget it. that's not the game. moving on. coming up -- >> little kernels in it. >> coming up, coming up, coming up, the man that called the dollar break, what he has to say next. raul paul joins us and here is what is coming up on "fast". >> one of the best tech investors on the street is here and you won't believe what name he got out of and plus, facebook shares are falling post earnings. but there is one industry that could take the stock to new heights. we'll hear on exactly what that is ahead on "fast." when you do business everywhere, the challenges of keeping everyone working together can quickly become the only thing you think about. that's where at&t can help. at&t has the tools and the network you need, to make working as one easier than ever.

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the probability of a dollar breakout is good, if that happens, the chances of the dollar moving rapidly for many years and would lead oil to go further. prices would go down to 30, $40. >> a barrel. >> easily if the dollar moves in the way i think it possibly will. >> that was global macro investor publisher raoul pal predicting the dollar rally in november. it's up more than 1% in the past two days and since his

prediction, it gained 11%. also in that time frame, oil dropped 37% and gold is down 6%. so how much higher could the dollar climb and what impact could it have on commodities. raoul joins us on the phone. how are you? >> good, how are you. >> you had a chart of truth for the dollar that led you to believe the dollar index will explode higher to use your words. what are you seeing and how high are you talking about? >> i think the dollar will go up so expect to see by the end of the year, the dollar up maybe 20%. so we got maybe another 10, 12% to go this year alone and next year something similar. the dollar will go a long way. for example, against the eros, maybe down to 75 cents. so quite a big move from here still. >> down to 75 cents. then what are the trades you're most concerned about at this point? back then in november you said that we would see oil, you know, down to 40 or so and back then,

obviously, was shocking because oiler was closer to 80 at that point. what are you forecasting at this point? >> if the dollar continues to do what it's doing, the probability is the oil will come back down into the 20s. it sounds shocking and ridiculous like i'm extending the forecast headlines but that's how the correlation plays out and as the dollar gets stronger, global growth is falling and that means generally that commodity prices should fall, as well. >> i know that you don't have many strong thoughts on china but how does china play into the decline in oil that you see down to $20? i mean, is that part of demand equation that goes away in your view? >> absolutely right. china has been having tremendous problems with a strong currency and china's economy is a mess now. so i think that, all of that demand from china disappeared affected commodities around the

world. >> what is fascinating about your newsletter is you go and visit investors and gather the consensus trades and seems like the consensus belief is that the stock market crash doesn't have an impact and the government will fix everything. are we under estimating the ripple effect on other economies whether emerging markets or here in the united states? >> absolutely we are. we know the economy is bad and i know people wouldn't dare to go against but they suggested that the chinese economy could be turning around because the stock market was turning around. the stock market is imploding and becoming less clear. china is a wild card that could create more problems because people try to look through this and hope things pick up again but i don't see that yet. >> i want to go to the other consensus trade, that's long european stocks and specifically, that germany is supposedly the best place to invest these days. you see it completely the

opposite way. >> yes, i do. i just look at what is happening to global export growth because of the slow downgoing on everywhere and germany is the big exporting nation of europe and i see slowing down and look at the pmi. i think germany is at risk of leading europe into a recession which is against everybody else's opinion. >> specifically, you see the german economy basically being one or two cycles behind the u.s. the germany will feel weakness because of what is going on here. >> absolutely right. the u.s. is weak. the gdp numbers came out first half of this year is the weakest first half since the recession. i think that feeds into europe. takes time. europe lags the u.s. so i think that won't help germany because u.s. is buying less goods from germany so that doesn't help now. >> one of your shocking predictions is the last question is about deutsche bank and that germans will have egg on their face because they will be forced to bail the institution out down

the road. how are you -- how do you form late a trade around? are you short the bank? >> i'm looking at the bank and makes me concerned and look at the numbers and dig into the balance sheet and i'm concerned there is a kind of banana skin on the floor waiting for somebody to trip up on. it's something to give you protection in case things get ugly, not suggesting in the ordinary course of events deutsche bank will get in trouble. >> great to hear from you. >> great to speak to you. >> raoul pal. what's the big headline that caught your eye? >> get out of german stocks. to me, that goes completely against consensus but germany's biggest customer is china. if china slows down it stands to reason germany is standing down. >> if the dollar continues to

strengthen as he said it's going to. >> 20%. >> that will be a problem. we heard many, many companies talk about multi national companies, talk about the head winds the dollar provides and gets back to if you see the dollar strengthen and crude come in, maybe the refiners are back on. valero up 30%. the enp names, southwestern swn down 30% year to date. i think you stay with the refiners. >> we refer to as "little miss sunshine." it's hard to be optimistic and a lot of what he says makes sense. i'm not in the business of a whole sale selling of the entire portfolio on the expectation that everything is going to go to pod. so we'll sort of add to our shorts but i suppose it wouldn't be a terrible thing. >> he's right about the dollar means bond yields continue to go down. right at 2.25% and tlt is behaving well. if he's right and probably is, bonds go higher, yields go liar.

>> he likes bonds, by the way, as well. as we head to break, a look at linkedin, now it is moving lower after soaring on a huge earnings beat. the latest headlines from the call when we come back plus one well-followed tech investor says it could be in for apple. we'll explain what it is when "fast money" returns. whehe trusts onlyon duracell quantum because it lasts longer in 99% of devices.

welcome back to "fast money." big night for earnings, social giant linkedin is sinking despite the solid earnings beat. that conference call is half way through. we have colin on the red phone and plus a couple other big names on the radar. fireeye is falling and the ceo off the door and electronic arts lower. we'll watch the stocks and keep you updated. let's get back to linkedin. colin all over the call. colin, what happened here? >> i mean, i guess it's not a linkedin earnings call without the volatility.

particularly to visibility and display advertising and when you do the math, the amount of revenue that's increased from their acquisition of linda.com they lifted the guidance, they are actually business is slowing down a bit and so there is clearly a few good met tricks for the bulls but the met tricks for the bears are building as the earnings call goes on. >> are you concerned the core business is slowing down to the extent there is not a one offer or two quarter kind of thing? longer term story? >> let's see how much the stock pulls back. linkedin has three diverse revenue streams. then this marketing business, like we know display advertising is a weaker business and they are transferring this to sponsor updates. it's a natural process that will happen. this could be an opportunity, particularly if the pull back is big enough. >> we'll check back later on. linkedin shares down more than 7% of $15.50 decline at this

point. >> at the top of the show i would think p i had -- it had t hold 235. >> you have a three-day rule for twitter. did you do anything with twitter? it did not hold the levels you wanted it to hold but like two and a half days. >> when you're on the stock. i don't say that to exaggerate or be arrogant. it's different in the stock because you own it. you made your play. it's people that want to buy it on a dip. you don't rush in right now. you're not a fireman now. you don't rush into the building when it's burning. you wait until it has some type of foundation whether it's up or down. that's the three-day rule but if you have a position, you could add, which i never add to a losing trade, that's why i don't add there, you can add a momentum higher. >> you would wait on this? >> the chart is a mess and the chart is below all of it's moving averages now. when colin said they had three revenue sources, one is the

hiring solution and problematic, you got to wait. >> we're two-thirds of the way through earnings season with 237 companies reported and not looking so good so far for technology. broader s&p index, tech is ahead to beat expectations on revenue when it comes to the bottom line, tech loses with 67% of companies beating expectations. so is it time to take a break from tech. dan niles joins us on the fast line. great to have you with us. >> nice to be on, melissa. >> i want to go to big cap tech names you are hedging on and that is happenapple. what do you mean? >> we liked apple. going into the call we thought expectations got too high so we used options to hedge the trade and profit if the stock declined, which it ended up doing. i think this applies to a lot of companies. we hedged into their print for the same reason where people

built up bad habits over the last couple years where momentum is worked and so people haven't really cared about fundamentals as much and this earning season you see people reacting and if there is weakness, stocks go down which is what they should be doing which hasn't happened over the past couple years. >> can we extrapolate this or stock specific? >> it's tech in general but also the s&p in general. if you look at what is really driven the s&p up a lot over the last few years hasn't been great gdp growth in the u.s. or emerging markets or europe, it's been multiple expansion. and those issues are becoming much bigger problem going forward and finally starting to show up in the numbers. you made mention of met tricks of companies getting the eps. theaeal issue is not for the quarter but looking forward for

the revenue guidance epf where companies are cutting the forward guidance. you combine that with an asn 1% off all-time record highs and the fed that will raise and china's growth is slowing down, brazil is in a recession, you know, and the u.s. has the worst first half growth since i think the recession when i looked at the numbers this morning. you know, that's not a great recipe when you need multiple p expansion to drive stocks. >> right. >> going back to the the apple, if you set up for the earnings and i guess in the money, make money there, do you have your position go away, or do you take profit and stay long apple? >> yeah, i mean, our goal at this point and we started to unwind some of those options, our goal is to get long apple again because i think there is one more good product, you know, launch coming, which is video services, which is what i really

like. i'm not a huge believer but a good video service would really help drive the company and so we think there is one more into year end and that's how we think about apple and facebook same thing where i think as you head towards next year and you launch start monetizing instagram and sometime next year, you get another pick up in facebook. we're looking to get long both of the names after we give them time to settle over the next week. >> dan, thanks so much for phoning in. always great to hear from you. >> thanks, melissa. >> who agrees with dan in terms of his taking a pause on apple and facebook? >> what is wrong with taking a pause? >> nothing wrong with taking a pause. >> people hear him say things, cataclysmic, world is coming to an end, it's not. he's making the right call. in term ts of apple, sets up 10. i'm not saying that's going to

happen. facebook goes higher $85 is a line in the sand. one interesting tech name today stood out, qualcomm. look at the performance. 61 being a line in the sand to trade bounced. you can trade qualcomm on the long side. >> if you caught the tail end, he said he's waiting for them to facebook and apple to settle out over the next week. this is not getting out for a long time. he wants to get back into the names. >> everyone had so much talk about the names that just showed up there that have led this market higher. so when you want to take a breather, it's been a leader's market, you really have to look at this and the level on twitter at 29.5 where i'm actually thinking about rolling out of there. i once saw on facebook, rolling into facebook if the market holds in here. if this, if he's right and that lasts longer than a week and that break the whole market breaks and i think nothing is safe. >> you know, for me the tech name that stood out today was microsoft and stood out, has

done very, very well even with the market selling off. there is enthusiasm about windows ten that will create an upgrade cycle like it did with xp. but nonetheless, the stock looks good. on a risk reward basis, you can buy for a breakthrough 47.5, 48. >> still ahead, facebook spending money like crazy on things like virtual reality. we'll hear from the chief technology officer after the break, plus, check out shares of fireeye falling 6.5% after a shakeup. we hear from the ceo later the this hour. more "fast money" straight ahead.

welcome back to "fast money." let's look at big-name earnings out so far causing stock moves. expedia came in above expectatio expectations. the travel site added 27,000 properties to the portfolio as inventory, bookings increased by 20%. you can see those shares up by 8%. arts coming in, raising the sales forecast counting on

upcoming launches of star wars battle front. the forecast fell short, shares down. outer wall, the company known as coin star, owner of the red box dvd posting mixed second quarter results. the company says red box and corn store enhanced profitability. the stock is getting hit by disappointing full year sales guidance and meanwhile, profit guidance did come in above estimates and appointed the new ceo. >> you know why he changed his name to outer wall? >> i would love to know. >> the origin is because their kiosks are found on the outer wall of the supermarkets -- >> always are. >> you walk right in and there you dump in your change. >> right, all on the outer wall. >> i learned something great. thank you. >> i'm glad, dom. >> you know how exciting it is to use coin star? >> it's not.

>> big thing of change in and click, click, click and get a couple hundred dollars. >> how much does it charge? >> i'm not really sure. >> 20%. [ laughter ] >> 20% of his coins. >> he just puts the coins in. >> i like the noise. what is wrong with that? >> expedia. >> yeah. >> so expedia is 21 times forward earnings and opens at these prices. it's not expensive. 1% short interest, i think it goes higher, quarter was good enough. you know, i don't think that outer wall thing was nearly as interesting -- [ laughter ] >> dom -- >> interest. >> i know he hears -- >> get girls to like you. >> it's fascinating. coin star was a well-known brand and change it to the outer wall. >> that's the problem. that's why it's not a great name. you have to explain it. b.k. capital. >> you know what else it is, the video rental business. >> yeah. >> okay. >> facebook making a big bet on the investments and artificial

intelligence and virtual reality. julia boorstin spoke with the chief technology officer. >> the drone designed to beam internet connectivity is ready for flight testing. mike telling me that the company's investments in what seemed like unrelated technology to the core business will eventually have a huge impact on facebook's bottom line. >> when you look at more people on the internet, that's adjustable market and long term. this is ten years out, not this year or next year. there is lots of applications. if we make products better, more people use it, it's fairly easy to understand and i think vr has in the long run the opportunity to be the next computing platform and a lot of interesting things can happen. >> while google has drawn critici criticism, he says facebook is taking a measured approach.

>> we are certainly very specifically choosing what we're working on. we don't have a team creating awesome stuff we don't know what to do with. the way i like to describe it is we like problems that have very little business risk and high technical risk. we know what to the use this for but don't know if we can get it done. >> sounds like they are making very big progress, especially with the drone. you can find more in my interview on cnbc.com. >> thank you, julia boorstin. karen, you spend things on crazy -- >> crazy projects. >> yes. >> something we don't like but i think there is a great deal of optimism that maybe that will be rained in there. i think that earnings report was good. it got ahead of itself. not staying long here. >> when i think of drones, what do i think of? >> air environment. >> the second. >> pudding. [ laughter ] >> amazon.

>> amberella. >> double digit revenue and the revenue came from drones before go prolaunched any drones and before facebook drone's became big. >> 128% year to date. >> i'm not advocating anything. i'm telling you what i think. >> the facebook drone isn't as crazy. we talked about 500 million users or something like that. 50% of the market, people that are online. if you can get more people online with drones flying over places like let's say africa, you have more customers. it's actually fairly smart. >> yeah, guy? >> with drones, i think of people that talk a lot. drone on and on. right? no? >> the peanuts. >> like the teacher and the peanuts or me at times on this show. >> never you. >> what were you saying? [ laughter ] >> i don't know. >> still ahead, apple down 2%. some traders are betting it will be worse. those details next. shares of fireeye falling,

we hear from the ceo on the shakeup after this break. more "fast money" straight ahead.

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check out shares of fireeye. the cfo stepping down, jim cramer addressing the issue with the company moments ago, take a listen. >> there is nothing to worry about here. three things, we have a fantastic interim cfo. been a cfo of a public company before. steps right in. we had one of the strongest quarters ever and quite frankly, the cfo transformations are natural. >> and of course, the rest of that interview straight ahead on "mad money" at the top of the hour. that stock is down 6.6% on the back of its quarter and this news of the departure. >> reminds me, remember kevin bacon in "animal house" where everybody is running at him and everybody is like all is calm, all is calm. >> all is well, exactly.

>> remain calm. >> i get what you're saying. it does seem a little -- >> he's too glib. he's been on the show a lot but he has to lose glibness. is that a word? >> sure. >> why was the stock down? it's not a about the fundamentals, the underlying fundamentals but the cfo. >> although, dan of fbi make fb point, it's always been him. if i said who is the cfo of fireeye? no matter how many times he's been the show, nobody would know. >> that's not why the stock is down. >> no, it could very well be. >> things are so great in the company, why is the cfo leaving? because he's taking a better job. >> maybe. the way they worded it. >> can you think of any better environment to have a cybersecurity firm in now? >> maybe he got a bunch of money and wants to do something else. i don't know. the way they worded this, we need to see him surface somewhere soon. if we see him surface somewhere

soon -- >> don't hear from him again. >> and he spends time with his family. >> this might be a six-month rule. >> again, you can catch that full interview with dave dewalt on "mad money" tonight at 6:00 p.m. eastern. apple shares down 2%. some traders see more pain for the stock. mike has the action. >> why do we care about apple options, even though earnings are behind us? on a day like today, about 1 in 20 of all the options that trade in the united states is actually an apple option. with the stock down, what are we seeing? we're seeing more bearish bets than bullish bets. today where we saw the the activity was the september 1, '15 trading for $1.5 and the stock needs to drop below the 115 price. that would be a 7% decline from here, which is interesting because when you get down to the levels, you look at a valuation where the company is trading at less than 10 times the full year earnings when you exclude the

cash. so obviously, some people think there is some kind of a real problem going on here. >> does this matchup, guy, with your technical take? >> exactly matched up below $120 gets you 105. doesn't mean the company or stock is broken. and we have it tomorrow at 5:30, am i allowed to say this? >> what? i don't know what you're going to say. >> b.k. on on 08 tomorrow. >> that's right. >> they called the kid in. called in from the little leagues. >> you said yeah i can talk spreads and lies. >> those are those things that expire, right? [ laughter ] >> what could go wrong? >> what could go wrong. famous last words. that is tomorrow 5:30 p.m. eastern time. coming up, traders and colin give their final grade on the earning's reports. for "fast" straight ahead.

now time for the final grade. we grade tonight's big earnings report. we got to start off with colin

and you're doggiie doing a vict your grading is? >> 250. if you're selling the stock today based on management's comment on weakness and display advertising, that's 3% of total revenue, probably the worst 3% in the total pool of revenue. plenty of reasons not to own it, plenty of reasons to own it. if you sell it because of the weakness in display, that's not a great reason at all to be doing so and we'll see how long this sell off sticks, if maybe an opportunity. >> got it. b minus. >> grasso? >> fireeye, fundamentals a b. the problem is you have to wait on this one. more clarification on the cfo. >> b.k.? >> linkedin, go with colin, give it a c, reasons to own it, not to own it but as we found out from melissa lee, c is not good

enough. >> electronic arts. a minus, not bad but high expectations may be going in. not bad, though. >> guy? >> amgen, a for amgen. >> nice. >> see what you did. >> i'm melissa lee, hey, i am kramer and welcome to mad money. going to make friends and i am just trying to make you some money. my job is to coach and teach you, so call me or tweet me at jim kramer. sometimes we have to remove all emotions from the equation when you try to analyze and look at a stock, you can not say