adding fuel to the fire here as making the fuel oil. >> we have tennis and football in the meantime. >> long time- >> great weekend. >> so fired up. i love it. thank you both. that does it for us on "closing bell." time now for "fast money". "fast money" starts now overlooking new york city's times square. our traders on the desk and tonight on "fast" quiet li something happened on the street that hasn't occurred since 2011 what it is and how you can protect yourself. a little watch fit bit a turning point for one of the hottest ipos of the year but to the story of the day, oil finishing higher and crude rallying but energy stocks are not. so tonight we ask is this a crude opportunity to get in? should we expect equities to catch up with what is going on

in oil? >> actually yes. i think not the way everybody is thinking about it right? to me when you lock at oil and other raw material like lead and zinc historic declines until the last month or so. so while we might see a bottoming happening in oil, i'm not necessarily sure that means u.s. stocks are off to the races. that being said, oil is really interesting today. big inventory, basically opec said we'll not do anything or interfere and yet, oil was higher. when stocks reverse and go higher, bk likes them. >> energy equities you would think we would have seen higher. >> what was one red flag in the whole thing? the ovx was up a percent on the day north of 50. if you thought crude would rally, the movement was down a few percent, actually up a percent today. same thing happened a couple

weeks ago and saw a subsequent drubbing in the crude oil price that's setting up for again. one space that did well, one name specifically we talked about it last night, look at the performance of jetblue out performing. >> you can look at 35% is exxon, chevron and sumchlumberger. it came back up and traded around $64. if you want a shot on oil equities oil, the commodity is bottoming and scale into the xle and maybe look for another test to that safety level. that's where you go in in a quarter and probably the best vehicle now. >> you would think it would out per pormform oil. >> first of all, there is an energy conference. i'm sure you talked about that. guys are looking to either talk down or up the book or throw kitchen sink in a lot of ceos

but for you to buy energy you have to believe china, the sell off stopped. if you don't believe that commodities go lower and underlying equities. relative basis, refiner still. >> i think forget on a relative basis. they will get hit but too early and drillers get hit and service names and refiners is probably the only thing you want to dip. >> if you want to leg into a trade betting on the bottom in oil, what would it be? >> i would probably just do it via oil itself uso is one way to play but i think that's one way to do it. i think i would probably go into exxonmobil just because that's going to be your safest way to play. i'm not completely convinced oil is going to rip. we can get a 10% rally. >> $50 is the top. i don't think it's going higher than that. >> let's play that game and go down that path and say oil goes up to 50 and sort of stays

there. is that enough for equities in the oil space to actually rally? >> not exxon mobile, not chevron. for them to regain footing, oil has to be significantly higher i don't think any of us anticipate that any time soon refiners finally regain that $95 level. if you trade against something, trade to the long side that gets 95 and that's been a pivot point. >> everybody wants to know the answer are we closer to the hedge fund and you want to listen him because five years ago when it was up $5 he correctly predicted prices would collapse and they did. he joins us on the fast line. rob, a pleasure to speak with you. where are we in this oil correction in your view? >> well, so i appreciate the time and opportunity.

i think the way we look at this is i think we're going into what we would characterize as the final phase of the down cycle of the oil market here and so we went through a period of time right, if i go back and look at 2014 to 2015 where it grew while demand grew by 2.3 and that resulted in a very over sup piped market. we're now looking at a verse l, if you will where we're setting up app dynamic and out grow or out strip supply with supply collapsing here in the united states and dragging sup ploy close to zero. as we do that it's our view that as we go into 2016 and '17 that likely to see the glut

erase itself and have a balanced market in terms of supply and demand. >> is there a question about demand and whether or not that holds up? as we question china, as we are seeing emerging markets continue to be in trouble, are you concerned that perhaps from the demand side of the picture that might not hold up? >> if we think about the risks to sort of our forecast and how we're thinking about the world, there are risks on both sides as i think you accurately point out, one of them certainly is on the demand side. i guess we would look at that and say if we look historically over long periods of time and see correlation analysis 1% global gdp demand growth basically translates into about a million barrels a day, assuming a $50 oil number. there is a lot of elasticity in the middle of whether oil is $100 $75 or $50 commodity but the point is right to have a relatively robust demand profile or even resilient, not even

robust, you basically have to assume a 1.5 to 2% global gdp growth outcome over the course of 2016 and '17. >> and you're assuming that? squl >> yes, we are. clearly the demand side of the equation would be something less than that. i think the other risk, though melissa is also the supply side so we're assuming that what was robust supply growth in 2014 and 15 tails off to you know something close to almost 0 in 2016 and '17. part of the risk of that, though, is we're assuming a relatively stable saudi, iraq iran venezuela, et cetera and russia and at the end of the day, if you have a meaningful hickup we've actually brought them to the supply outlook over

the next 24 months. >> rob, you're a hedge fund manager. are you simply long oil or is there a place where equity is in your port follow? >> most of what we do is on the equity side and we really look at it through both the ent stocks and mid stream and a lot of mlp stocks. i think when we really sort of look and i would comment, it isn't necessarily tomorrow or a month from now it's really the idea that we're in the seventh or eighth inning of the bottom of this energy cycle and if we go back and look at 1986 and 1998 for guidelines our view is it's time to think about positioning for a recovery as you come out of the side of the trade in the 2016 and '17. what that means is high quality, well-managed companies. high quality, good rock good assets, good geology coupled with good balance sheet struck turps.

>> sure. >> right. >> those are candidately, few and far between and a 90/10 rule. there are companies traded and the problem is you know, 90% of the good assets held by 10% of the companies. >> right. rob, we got to leave it there. we appreciate your time. >> absolutely. >> robert raymond. what's the trade? >> speaking of good rocks, guy, this is something you're looking to scale into -- [ laughter ] >> baker hughes and i mentioned on the show before the stock traded down to $45, 10% below where halliburton initially made the bid last fall. they have a $3.5 billion breakup fee attached if it doesn't happen and the market cap. that's the name you go for. you have this embedded put here the you can get it under $50, that's the one that you buy if the deal falls off, they get paid $3.5 billion. >> sounds like a good idea the problem is that what rob brought

up is there are so many moving parts in oil right now. the geopolitical risk demand risk, there is better ways to express the view on either one. the only one i would really express the view on is the geopolitical risk and maybe something going on. if it's the case oil won't stay at these prices. >> elon musk may be the ceo of tesla or a super hero or or villain. and warning now is the time to take money off the table and the charts just might be backing up his claim. we'll give you the details and later, stocks are higher than they were before the sell off and they all have one thing in common. we'll tell you what that is when "fast money" returns. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift?

ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern. ♪ ♪ no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop and durable new stellar notebooks, so you're walking the halls with varsity level swagger.

that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the right gear. office depot officemax. gear up for school. gear up for great. welcome back to "fast money." u.s. stock based funds post $16.2 billion worth of out flows in this past week. one just ended wednesday and this was after about a $3.9 billion inflow in the week prior to that. you may recall again that a

couple of weeks ago amid turmoil, we did see large out flow numbers, as well about $17.8 billion worth of out flows, a couple weeks back so the fun flow volatility continues. this time it appears as though u.s. stock based funds post another sizable out flow. it's broken down as $2.5 billion from mutual funds, domestic stock ones and $13.6 billion worth of out flows for u.s. based eta. that's the latest data on the fun flow side. >> thanks so much dom chu. we heard about trading firms, doesn't matter and trading activity has been higher. >> you want to know why the rallies are fading. that's why. these managers are getting cash calls they have to get out of position, you have all these rallies that will fail. >> they are not sitting on that much cash.

when the dips come in, mutual funds are historically not sitting on as much cash so they are not the dip buyers. hedge funds are whipping around this market and more nimble and quick and you get volatility because guys aren't holding stock that long. >> overnight, the s&p futures were up 1% or more in the middle of the night and by the time you got in this morning, they were flat. people can spoof them a little bit and get the opening and people start selling equities. >> when resorts are getting hit hard today, kicks off top trades. a four-year low in today's session dragging the casino space along with it. las vegas sands, mgm, numbers rise lower by a brokering. >> $63 price target dan nathan you got to give credit. he's been saying this is headed lower for quite sometime. no it's true. >> do it. >> stock was north of 100.

dan said this is a name that should not be here and here we are at 69. in terms of the stock two times normal volume. it can trade down to the $63 level and short wills continue to press until et gets there. >> wasn't this one of your tods, triangle of death? >> yes. my main thesis was the stock had a massive ramp in 2013 into 2014 anticipate right of good news. we know they were building massive ka tascapacity here and to me what was interesting about the collapse last year a year ago of when is that it also happened when the shanghai went and so when you think about this the stock over shot in the upside over shooting on the downside i think the shanghai composite has the same potential. >> interesting. when you look at that and look who has the most china exposure lest, mgm has the least but look at one that has none you go to boyd byd and if you look at

that, up 29%. if you like dan's beta play go for the ones beaten up and true performers, one with none. fit bit initiated with a market perform rating and just yesterday, fbm securities initiated with a $50 target and on tuesday morgan stanley upgraded from over weight to equal weight. we should note piper jarrray. >> the call at the top so it makes perfect sense i spoke to dave today offline and when you look at it his point was who is the increate mental buyer. if you look at the stock, who is going to bolster the stock higher than where it is now? for me i hold the name. i think it's got the brand name

recognition. >> fully held that anybody who will buy the stock has bought it already? >> the big boys bought what was the point made and to a certain extend, i agree but for me is this the go pro back when g pro pro was go pro. holiday season if there is a fitness band there is one name to buy and it's fit bit. a memorable appearance by elon musk. the two getting into a lively debate with colbert calling him interesting names. >> people have called you the real tony stark. okay? you've got your finger in so many different advanced technologies, as i said space x, tesla, now you've got solar city and the solar pack that people put in their houses. are you sincerely trying to save the world? >> well, i'm trying to do good things, yeah i mean saving the world is not --

>> but you're trying to do good things and you're a billionaire. i mean yeah. >> that seems like super hero or super villain. you have to choose one. >> i'm trying to do useful things. [ laughter ] >> he paused there. so we thought we would try to see what musk would really look like as a super hero or superman. this is what he might look like as a villain known as lex luter. >> it's interesting, what i took away is that colbert said i have a tease la tesla and he loves it. they are for wealthy people and we got the sticker price of the model x. >> for the same people that buy mercedes mercedes. >> it's like having mercedes or bmw and only having the seven series. it's saturated.

i don't believe they will get to a hasmass market car for 30 or $35,000. >> look at gm and ford mass market cars how are the stocks doing? >> they can accommodate to scale. >> the question is, this isn't an auto company. he's saying are you trying to save the world? >> one rich person at a tileme. >> melissa brought up a great point. they are. >> maybe exactly. i know but that's why this is one -- >> b.k. i totally hear you and that might be the case and bmw has competition to tesla, the only competition in the beginning was the prius. nobody wanted to drive around in the preius has redone it.

now there is competition. >> saltily tonight. >> everybody is a little salty tonight. >> i'm not at all. i couldn't be happier. i'm happy peppey and bursting with light. can apple's latest upgrade win over consumers? what the new apple tv means to succeed. you're watching cnbc. in the meantime here's what else is coming up on "fast". hedge fund ball nar saying now is a good time to take money off the table and something in the charts backs up his claim. we'll explain plus touchdown, tom brady and the patriots kick off the nfl season tonight. but the real winner is fantasy sports and we'll show you how to cash in when "fast money" returns.

if you have all your money in the stock market make sure you have cash. if the earning's growth is 5 or 6% down from 6 or 7% okay you know, four years, you know you'll be okay. >> that was david tepper warning about the market. those comments come as

strategists have lowered targets but perhaps by not enough at least according to our next guest. the head of technical analysis. i interviewed a lot of strategist asking how they can stand by the price targets into the end of the year and they just keep on sticking by them. it's amazing. >> it is quite amazing. what is interesting about year-end targets, they are very rarely met. the market is either lower or higher but anyway let's look at some of these numbers. this is about 18 analysts meaning, the consensus is we'll end the year at 2200. that's about 13% from where we are and this has got the big bro brokering firms. a little reduction. this is actually the trajectory and raise the targets in the beginning of the year, end of '14 and big bump and just so slightly, we've come down now from 2240 and revised their

target. it would be a stunt to pull this off. we think this is high to get 13% from here. so, let's just talk about the market. at least as i'm thinking about it, there are three phases year to date. phase one, i'll show you carts then i would character rise phase two as the resolution for the debate meaning we plunge the downside and now we're in a violent debate. so our year starts here and we have the tightest range on record to this point in a calendar year no more than 3 or 4% up. i would call that the calm debate as written here and we get the resolution and again, here is our year here is our calm debate and the debate is over. a violent reset. win the debate gavel comes down. now we have a violent debate so here is our calm debate here is

our resolution and now we have this incredible chomp. in fact of the last 15 session, almost three-quarters s&p closing up or down more than 1.3% so a calm debate, a resolution, a violent debate and the debate should be resolved violently. our guess is of course we'll do this. plenty of people betting the violent debate is up. that's what makes a market. we'll take the other side. i want to talk about what tepper was talking about about earnings. these are fresh facts, this is all our earnings as of the quarter. 99% many of companies reported. we just heard the first decline year over year going back to the third quarter of 2012 and revenues down many3.4%. this is the first decline going back as far as '09 if your

denominator is going flat and your charts all look like this. i'm a seller. >> just the violent debate to the downside what level are you looking at? >> the presumption is at least that we take out this october low. so the real reference point, look, anyone can draw the circle here. this is our reference point. october low of the ebola scare, swoon. that 1820 and then some is what's in play. >> carter thank you. >> thanks. >> 1800? >> yeah i like even lower than that but everyone knows i've been the angle of death for the market. i believe it goes lower from here and the resolution ultimately ends one that balance going into end of year so i think that maybe october you start to see the real damage dan, october november and maybe head up and take up what is lower to close the year up. coming up next what could

the new apple tv mean for amazon's fire tv? very special. would you rather. and later, three stocks getting three bullish upgrades but calling out an analyst, why when "fast money" returns. good. very good. you see something moving off the shelves and your first thought is to investigate the company. you are type e*. yes, investment opportunities can be anywhere... or not. but you know the difference. e*trade's bar code scanner. shorten the distance between intuition and action. e*trade opportunity is everywhere.

welcome back. markets holding on to a modest rally, the dow off the session high of 188 and s&p and dow are on track for the best weekly gains. here is what is coming up in the second half of "fast money" tonight is the official kick off. we'll talk to the ceo draft kings who could be the biggest win they are football season plus, the street out with a number of big upgrades today but did they get it right? the traders grade the upgrade in a brand-new "fast money" game later. but first, we start with apple announcing a brand-new apple tv device that allows users to download apps and play games with the apple remote. how big could it be? let's get to josh lipton in san francisco. hey, josh. >> melissa, apple wants you on the ios platform all the time whether at work in the car, even in your living room so the company unveiled a new version of the tv that includes more

powerful hardware, new operating system and user inner face. the price $149. >> it starts with a vision and our vision for tv is simple and perhaps provocative. we believe the future of television is apps. >> apple is capitalizing on a powerful friend viewing content through internet connected devices like a set top box, smart phone tablet jumped more than 60% in the last year according adobe that the why apple bulls could be 10% of revenue and on the other hand skeptics patrick moorhead doesn't think apple unveiled a constant killer and microsoft can still dominate a living room.

we'll soon find out that new apple tv melissa will be available next month. back to you. >> thank you. so will the apple tv kill amazon's fire tv? and just as apple launches the the s phone, we ask the question, would you rather apple or amazon? dan, kick us off. >> here apple is no a no brainer relative to amazon. i don't think what they introduced is interesting. it's another device they have not updated the tv in years. a lot of people will go out and buy it. that being said fire tv a cheap device that nobody has. i don't know anybody that has it. to me you stick with apple. th get it right. >> i'll go with apple because i do own apple and apple up 2% year to date against amazon up 68% and the only reason why, the only caveat is amazon showed the ability to turn the switch and

that spooks a lot of short sellers. i think that can go higher but i do own apple. >> given the choice between the two, i'll stick with apple. >> you stuck to the rules. >> yeah i did. exactly. >> the rules. >> here is the thing, it's not because i necessarily like apple. i'm with dan. i don't think it was anything amazing, oh my god, crazy. apple has cash. that's all they care about. apple has cash to buy back stocks. >> i agree with dan. this is a no brainer 100% except the answer is amazon. that's the no brainer. >> oh. >> see what you did there? >> steve mentioned they can pull -- look at the last quarter amazon reported. they have levers to pull and it's not that easy to replicate folks. i'm telling you now, it's not getting commodity any time soon not suggesting apple is but other people make similar things. amazon is still amazon. >> you know another

announcement? they pulled the plug on the fire phone or whatever. >> a good thing. >> it's a good thing but they keep dabbling in things -- >> may i say, i hate to interject here but you're a trader and good traders know when something is wrong you pull the rip cord. that's what they are doing. i just said you were. they are accepting the fact they made a mistake and are moving forward. >> never seen dan defend apple. that's the biggest take away. >> i defend apple all the time. it's a much better own for the reasons you two gave. i don't know why you go out and buy amazon. they are just not going to be successful. they have done as b.k. says one thing for right. >> that's all they kind of need to do. that's -- >> amazon web services. the growth for amazon is amazon web services. if you believe that's the driver going forward, i guess that's where you want to be but in this market environment, stick with a name that has cash. >> that's bogus. they are in a kabusiness in all of

technologies. >> and phones aren't commoditized. >> they have the average selling price. >> that's a sticky. once you put it on the service, it's sticky. >> all right. speaking of technology massive sell off we witnessed nearly three weeks ago. dom chu is coming to the rescue. >> i'm not coming to the rescue. i'll add fuel to the fire. i respect guy but we decided to take a look where traders overall in the market have been putting at least their chips and bets in this recent pull back since the turmoil really bottomed out in august 525th. you can see the dow there up 3% since that fateful day. the bottom of the recent turmoil so we're higher. the four stocks in the dow that have done the best since that

again, you can see the dow industrial is down 8% year to date, look at this there is a theme. intel, apple, chevron, cisco. i will say microsoft isn't on the screen there but it was number five the five best performing stocks four of them one of them in second place is apple. so perhaps the guys on the desk aren't the only ones putting some money, some stock in apple. it appears on the recent dip, people at least in dow, the blue chip stocks put more of that money or bet to work in places like apple this time around but should also point out intel, the single best performing dow component since the bottoms that we saw recently microsoft and cisco in there, as well. interesting theme developing large cap tech getting bought on the dip. back over to you guys. >> i thought the intel reaction today being flat was pretty interesting given the apple announcements yesterday because it seemed that the choices that

they made in terms of the operating systems they will use on the ipad pro favored the arm chip and that might be a bigger blow back. >> and dan has had intel spot on. the name that stuck out to me there is absolutely cisco. we don't talk about it a lot. >> dan talks about it. >> it's not that interesting but if you go back to 2012, big on pattern recognition, every summer you have a sell off and rally into the new year. ist it's happened since 2012. cisco is poised and take out $30. cisco more. >> of the five names he mentioned, cisco is the only one not going down before the market started going down. you think about it intel was already down 20% from the recent highs when the market had that little mini flash crash so it bounced back up. intel is going back to 26 microsoft 40 apple is going back to 95. i don't know where chevron is going but i'm with guy, cisco find as home in the low 20s and

probably really good at $25. >> you guy kss can agree on something. pfizer says the best position for growth and grade the upgrade. plus almost time for the nfl kick off tonight in fantasy sports could be the big winner of the season. we're talking to the ceo of draft kings coming up next. much more "fast money" still ahead. my name is watson. i'm helping doctors keep people healthy. take ted here.

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a lot of big calls on the street, this being back to school week we got grade the upgrade where traders grade each call. let's kick it off with bank of america getting upgraded to out perform at wells fargo, the if i were setting a better risk reward and shares. i feel like everybody and their brother upgraded bank of america. >> exactly. that's a reason i'm giving this a d. >> oh. >> yes, a d. >> no grade inflection here. >> if we had an l, i would label l for lazy. here is why. >> wow. >> wow. >> here is what they did. they went back and looked at the 2004 rate psychocycle and said banks out perform. we're so far to go back and look

at that is dumb. >> wow. >> that's all i have to say. >> dumb and lazy. next up cbs getting lifted to a buy from a hold from the bank. >> the stock down in the last couple months. went from a whole to a buy and down graded the price target, 64 was the 52-week high. a stock is down at $44 and $40 is long-term support and you can own it against that and i'm not certain you want to be long below that but there was one quote from the upgrade that i take away there is significantly under monetizing their paid tv echo system we spent time talking about the sec secular shift. if they are not doing a good job and you think they will go forward, the stock is over sold and i'll say one other thing, colbert pump. >> that's true. they said it would be a profit center. >> i totally agree with dan.

these guys are going over the top with a boat load of content that is the most watched between 19, basically 47 years old give or take. they own thursday night football, sunday football and have the super bowl. the political campaign is gearing up. smell the ad dollars? this is over sold. >> pfizer jeffrey is naming to the top global pick the firm saying the best position to drive upside and restructuring. guy? >> mna closed a deal that's going to be a creative very quickly they traded about 13.5 times forward earnings and come off what i thought was a great second quarter on july 28th beat the street on both eps and revenue and guided higher for the third quarter. i think people are under estimating the balance speed of pfizer. they wrote them off a long time ago when everything came off patent. it's not dead. what is my grade? throw it up there. >> an a. >> i think they might be late to the dance. we talked about pfizer for quite

sometime. >> i thought you mean you're digging grade the upgrade. >> i'm digging this little thing, the what do they call those? graphics are fantastic. >> a plus on graphics. coming up we'll explain how fat, fast finger very different, fast finger traders double their money in a matter of seconds off a possible deal for avon. we'll tell you how they did that and eric is live in foxborough at gillette stadium will happen in just mere hours, eric? >> it is pouring rain here at gillette stadium. we'll talk to the ceo of draft kings, the biggest day of the year for signups. we'll find out how they do it.

the 2015 nfl season kicks off tonight as the patriots take on the steelers. eric is live now at a very rainy gillette stadium with the man that could be the biggest winner from this year's football season jason robins the ceo of draft kings. eric? >> thanks melissa. you're right, the biggest winner of this year might be the guy standing right in front of me jason robins the ceo of draft kings. i got to ask you right away you

guys are spending a ton on marketing, some of the stats say spent more money this month on tv in america than any company in the country including ford and geico. how much money can you pour into the market sngingmarketing? >> it's a tight timing window. it's a couple weeks leading up into football season is the best time. being a seasonal product, we have to amp it up. we won't spend at those levels throughout the year. >> you guys raised a lot of funding over the last 12 months. what is the target game plan for you before you go public or sale to somebody else how are you looking at this company's future? >> we're trying to keep options open. i'm not sure what that will be. in a moment like this where you're seeing explosive growth it's hard to think about those things. we've been trying to keep our eye on the ball and focus on building the best product for customers, having the biggest price and doing a $10 billion

gain this sunday that has $2 million to first and making sure customer experience overall is the best and doing marketing to acquire a lot of customers. >> something we talked about today is the concept that maybe 1% of your user base is winning 90% of the money. does that make the game unfair? those stats will help this product grow? >> first of all, stats are completely and utterly wrong. i don't know where they got them from but certainly not from us because our numbers don't look that way. the article said they pulled it from baseball season completely different sport, not from us, a much larger percentage of people went in and that's like saying the top 90% of money in golf fis won by the first .01% of golfers. not everyone comes and plays at premium levels but that doesn't mean that people can't win and doesn't mean lots of people aren't winning. in fact, over the course f a

month -- over a month, 50% of people win. >> so 50%, that's like a 50/50 shot here tonight. patriots and steelers thank you jason, send it back to you, melissa. >> thanks so much and our thanks to jason robins friend of "fast money," had him on the show a few times. at this point, you got to wonder why casino of ray tomorrow-- operators are not dipping their toes. >> here is one concern i have. i'm not saying this will happen. the concern is this nfl players love things like this. this is not gambling this is called something else. >> they say it's not but the regulatory issue is still up in the air. >> so let's say a couple players decide they want to get involved. let's see darrelle revis wants to get involved some meaningless play at the end of a game and whips on a tackle against somebody on his team would raise some flags, i'm not

suggesting that could happen but that's a huge concern going forward for these guys. don't think it won't happen. there will be a point in time you read about that. that's the only potential hiccup in the business game. >> a sleeper pick is unknown play there could break out in the season so in the honor, the traders picked a sleeper stock that could awaken. let's go around the horn and get their picks. dan, what's your sleeper stock? >> proctor and gamble. we talked about dow stocks going down well before the market topped out. this one i hated to be fair at 90 in january, hated 80 in july and down at 70 or now well below 70 i'm kind of warming up to it here. so it's got that dividend yield. we know that the dollar exposure and em exposure but to me that dividend yield could be defensive if things start to get rocky in the markets. >> grasso. >> long bid in the stock was nelson peltz and lost it.

the company has not performed well. earnings not great. he gets back involved and stiffs around again and that's another catalyst. >> beakers? >> we could be witnessing right now the popping of the bubble in activist central banking and if that's the case you want to buy gold you want to buy gld, that's been a sleeper, nobody is looking at it. that could do quite well in the next couple months. >> guy? >> duffy stud all the things they trade are the volumes exploding year over year and volume was up 11% i think in august. i think that trend continues cme. >> shifting gears, avon stock halted in reports the company is in talks of selling and meant cool profits. dan is over at the smart board. dan, what did you see? >> 145 and the wall street journal headline hit they are considering selling themselves to private equity.

traders went and bought the september 4 and a half calls. about 2,000 of them traded in lots between 15 and 25 cents probably average of 20 cents, couple minutes later, the stock gets halted and reopened and the stock was above 450, above the strike. some of the early sales at 40 cents, 100 or so sold at 70 cents, okay? so very, very quick trading and some quick profits on the story. if you go and look at the one-day chart, you see this. a quick spike and calls got bought and halted in here. calls get sold up here and spends the rest of the day going down. here is the thing, this is a very distressed company. this is the ten-year chart here. look at this. looks like it's headed to zero. 1.8 billion-dollar market cap and 700 in cash. i'm not sure what private equity thinks they will do to turn this around but i generally don't

love it because often times you get the redo of this after the fact. >> for more check out the full show tomorrow at 5:30 p.m. eastern time. the traders, we'll tell you what they are watching tomorrow after this break. more "fast money" up next. here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this. can a business have a mind? a subconscious. a knack for predicting the future.

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finally, fast but not least a rare pink dolphin was spot in louisiana. this is a bit of reunion because a same fisherman said he saw it in 2007 but this time he said it appears pinky might be pregnant. not entirely show how he knows how. >> my kids spray painted that dolphin years ago. >> time -- >> send your e-mails to steve grasso. >> overnight i know bk is watching china. i'm watching the nikkei. >> hold the 200 day at 345 or say good night. >> b.k.? >> i'm watching tlt despite a stellar auction today, tlt couldn't get out of its way. >> guy?

>> the ovx over 50 and commencement move to the downside in oil. that's what i'm watching. >> i'm melissa lee, thanks for my mission is simple. to make you money. i'm going to level the playing field for all investors. there is always bull market somewhere and i promise to help you find it. "mad money" starts now:hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm trying to make a little money. my job is not only to entertain you but to educate and teach you. so call me. or tweet me @jim cramer. tonight i want to take a step back and talk about the big picture. my ultimate goal on this show is to teach you how to become