tv Fast Money CNBC October 15, 2015 5:00pm-6:01pm EDT
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going on isn't real. >> the only question is whether or not people have confidence that they are getting a fair deal here. that's what consumers want. >> they keep winning in those commercials. thank you so much. >> they always win in the commercials. speaking of gambling, wynn struggling down 8%. time for "fast money" monitoring that conference call with melissa lee and the gang. >> thank you. "fast money" starts right now. live from the nasdaq market site, i'm melissa lee. tonight on "fast" walmart and target getting hit again today. sud amazon be worried if walmart engages in a price war of its own? kfc parent company yum! brands announcing a big board change after the bell. why deinvestors are devouring shares. market climbing 217 points, above 17k. the s&p gaining 1.5%.
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all this despite a slew of bad earnings report. are we witnessing the start of a year-end rally? >> looks like that today. a lot came on the fact i think the note about the fed not raising rates for the foreseeable future was probably at the back end of next year gave a lot of people confidence. that coupled with the fact the markets set up on the short side leads you to days like today. the things that concern me about today is you didn't see the commesurate move in the bond market. the bond market was down. you have ten-year yields either side of 2%. oil can't get out of its own way still. there are a lot of cross currents here. the bond market continues to try to tell you something. to your point, the earnings we've seen, we can cherry pick, but on the aggregate, earnings haven't been spectacular at all. >> stock reactions haven't been bad either. look at goldman sachs and gp goldman. intel came out with disappointment on the data center group line. that stock had a major reversal
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yesterday and held flat today. price action should give us hope, no? >> there are a couple of things in bank of america and jpmorgan. they did talk about loan growth. they both talked about loan growth. that is important. if we are in an environment where you do have loan growth and the economy hums along and you don't have the fed hike, that's not a bad environment to be in. >> right. >> it's an environment we've been in for a long time. >> it's been a nice environment to be long stocks. if you think back over the last year, we said on numerous occasions, there have been a lot of risk assets that crashed. we had a flash crash in stocks in the u.s. we still have emerging market equities that trade poorly. don't tell me shanghai has been up since the golden holiday. the most manipulated thing on the planet. i think there is a massive disconnect between u.s. equity indexes and single stocks. we saw walmart down 10% in one day. we've seen netflix down 8.5% on
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the day. we are starting to see funky single stock price action. that is really what you have to drill down on it. you own stocks for the most part here. a lot of the data points don't suggest a strong economy. >> if i put my bull hat on, i would say she's individual stocks stories aren't enough to roil the overall market. today within retail we saw a good trade. when it comes to the other one netflix, it didn't tamper with the fang trade today at all. >> right. i think dan's on to something here where you're starting to see the deterioration in the fundamentals underlying it. what hasn't changed and you saw today, people are buying stocks, one because there's option expiration. people could have been caught short. people are fearful of missing out on another rally based on the fact that the fed's not going to raise rates. those two combinations got things moving today. we'll see. i'm still in the camp that this
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is a countertrend rally or rally within a bear market. i think 2060 on the s&p is the next benchmark. that's above the 200 day moving average. that's where a lot of options are expiring tomorrow. we'll see what happens. nothing changed the fact the new has gotten worse on the economy. people said you the's bad enough the fed is going to have to do something. >> s&p closed above the flash crash. >> i don't like that phrase because i don't think it was a flash crash. >> whatever that glitch we plunged. >> yes. he said 2060, 2054 is the number in my book. when it traded through you saw the selling pick up in steam. stocks didn't rally on the earnings release i thought they would have.
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fixed income was lousy. i'm surprised it reacted as well as it did. it leads me to believe maybe the worse is in for the stock. >> not for the markets. okay. let's get to wynn. big story in the afterhour session. let's get to josh lipton in san francisco for the details. >> on this confidence call, i can tell you that mr. wynn is extremely frustrated, upset with mccaw. he says the government is creeding a lot of unnecessary confusion that they are only 170 days away from opening there. still the leaders aren't giving him any real sense of how many tables he is going to have. they have an arbitrary table cap. if i don't know how many tables, i don't know how many employees
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and i can't train the employees to give the customers the five-star services. we know how important macau is. contributes to the overwhelming majority of company sales. stock was down 50% heading into that print. it had this nice pop since early october. now some pressure as wynn voices these concerns about the business in macau. going to hop on the call and bring you more headlines. back to you. >> thanks, josh lipton. this is what investors are worried about. it got a lift with the chinese stocks because there is this notion the government would be supportive, helping out. now there is no visibility. >> here's the problem with wynn. the play on it is you're making a play on the rebound in china, but the problem is it's so confusing what's going on there that wynn is not your best way to play it. at this point in time, it's trading $67, $68. that might be a place if you had
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to buy when. i think there is better ways to play a china rebound. i'm not saying there is going to be one. if you're in that camp, you mate as well go to alibaba. that is the china consumer rebound play. >> that had a nice play today up 5%. should we be bent out of shape with a 7% decline when the stock was up 18% last week? >> october 1st, they said macau gaming revenues were down 33% year over year in september. next line you get a headline out of beijing saying they'll do everything possible to support the chinese economy and gaming industry in macau. wynn went from a 50 handle to 70 in a couple of days. the next leg is back down to levels we saw preoctober 2nd. i think it goes lower from here. >> if you bought the bounce and seeing these headlines from steve wynn, that's got to be frustrating. that means there is more trouble to come. i didn't go to a fancy school
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like you did, but when i hear you are going to meet demand with more capacity, that doesn't make sense. for these new casinos to open, you need greater demand. >> let's get to another mover in the after-hours session. yum! brands surging after the company said it added activist keithmeister to the board. >> that's right. shares of yum higher in after-hours trade. appointing activist investor keith meister to its board. not the only activist investor in yum. dan lobe in yum! brands. as of their last 13-f filing in june, third point has a 1% stake. here is what he told our scott
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wapner about whether he ever discussed yum with dan lobe. >> dan and i have never spoken about yum. seems like we had the same idea at a similar time. we have a lot of request for third point, their investment record the last 20 years is almost without equals. we haven't talked about the idea. my guess is they see many of the same things we do. we are thrilled to have smart owners. we are thrilled to share and debate ideas. >> in making the announcement, yum said he will be invaluable as it continues to restructure. in addition to announcing meister joining the board of directors. it would see flat to single profit growth this year. it will take 1% to 2% from full year earnings. >> thank you. >> this is the curious thing about this story. remember that yum laid an egg not too long ago. here it is ratcheting down the expectations. fourth quarter same store sales
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is 0% to 4%. before it was mid single digits. 2015 eps growth it was low single digits and now flat to low single digits. ratcheting it down. this is an activist story at this point. >> i think so. there are curious things going on here. so recent they made that announcement. they filed the q today. they updated it there. why did they put meister on the board? they are coming out with this bad number. if he were going to nominate directors to the board, he would have to do so in the next six weeks or so, maybe longer than that. i think rather than have a fight with him, they probably realize all of them, it's better off if we can get along a little bit. we'll give you one seat which is very hard to get on a company this size. he only owns 3.5%. it does make me think -- i think this news is bad. i don't think it should be up,
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but for the only thing that's positive to hang your hat on a little bit, they said we are coming to the end of our restructuring review. he believes there is a lot of ways for them to unlock value. this earnings thing -- and having a handle on it ten days ago is very odd. >> ten days later, time to ratchet it down. >> it was last week that they said things aren't that good. all of a sudden they didn't sell a lot of chicken the last seven to 10 days? i find it hard to believe it wasn't deteriorating this bad last week. they announced this, we've got positive news, let's sneak out this negative earnings downgrade. mate be an activist story. stay away from yum at this point. >> shares up more than 2% right now off the after ou hours session highs. we'll continue monitoring the action throughout the session. next -- big companies and wa warnings from chips and wearables. could there be opportunities in
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the wreckage? >> one of the fastest growing areas in biotech launched a new etf. could mean big profits. >> a rough week for the big box retailers. one analyst is weighing in with more bad news. retail just had its disney-like moment. much more "fast money" straight ahead. the great beauty of owning a property is that you can create wealth through capital appreciation, and this has been denied to many south africans for generations. this is an opportunity to right that wrong. the idea was to bring capital into the affordable housing space in south africa, with a fund that offers families of modest income safe and good accommodation. citi got involved very early on and showed an enormous commitment. and that gave other investors confidence. citi's really unique, because they bring deep understanding of what's happening in africa.
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money." shares of micro devices moving up in after-hours trade. a deal with fijitsu will provide them with $71 million in cash. revenues beat. the inventory writedown which was related to older processing units that are no longer in demand cost the company 8 cents a share. current quarter guidance came in week as the company is forecasting a 10% decline in revenue. wall street was expecting a 6% decline. shares are down 24% this year. >> thank you very much. this is one of the stocks that was supposed to be in a
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turnaround, transitioning to gaining chips. >> every rally in the stock is a selling opportunity. i'm not certain this one is. i don't know what this is considered. there is something going on in the chips dancing all over this. qualcomm quietly over the last week rallied, i don't know, almost 12%, 13%. they report the beginning of november. you wonder if activist chatter will pick up again. they have a great balance sheet. they had troubled businesses, one disaster after another. the stock acts different now for the first time in a long time. >> sticking with chips, tough day for c.a. plunging more than 13% after lowering its first quarter revenues. we should know seagate weighing on western digital which was down more than 2%. >> seagate, western digital. western digital has taken market share, pricing weak. the stock was down 14%.
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this is a commoditized space. enterprise hardware is weak right now. this shouldn't come as a huge surprise. earlier in the week there were rumors that western dij is looking at sandisk which makes flash storage. we saw the chips and now we are seeing it in other parts of the pc supply chain. people are partnering up here. it's a difficult environment here. if seagate is left in the cold, i know there was a chinese company that took a stake in western digital. maybe that's coming for seagate. >> mcdonald's hitting another all-time high on reports the company is close to decision. >> this came from a board member who talked about it. you have to think we'll see something coming out of the board in the near future. that being said, there's other things going on with mcdonned's. whether they roll this off into a riot. there are other ways mcdonald's
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is doing well. the breakfast, surprisingly to me, at least, is doing well for mcdonald's. i think you stay with mcdonald's, even though it's had a rally. i think they keep riding this because the news flow is positive about it right now. >> i'm interested in the reit part. i own macy's still. we have puts against because i was disappointed with their announcement last week. will be interesting to see if mcdonald's feels comfortable doing a riot. that would bode well for macy's and others. there have to be others that have real estate they could monetize. >> maybe others in the quick serve restaurant. >> we did have mcdonald's man in the street yesterday. that was fantastic. >> that was amazing. >> it's biting sarcasm like that that makes you endearing. it was a great piece. october 22nd they report. tim seymour all over this thing. stay long against one or two. the reversal yesterday was disappointing. came back today with a flurry.
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stay long. >> flurry, get it? mcflurry? >> still ahead, bigger isn't always better. why the shrinking size of public offering could mean bigger profits in the long run. >> in a word, amazon. one analyst says we may just have witnessed the end of the brick-and-mortar retailer. >> plus, there is an etf for everything. well, maybe not everything. but this one will blow you away. more data means more freedom to do..whatever. that's why at&t is giving you 50% more data. that's 15 gigs of data for the price of 10. because the more data you have, the better. and right now at at&t get $300 credit for every line you switch
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biotech surging today continuing the sector's wild ride. now there is a new way for to you get in on one of the most volatile areas of biotech. time for much-needed stock therapy with meg tirrell. what is this all about? >> we were talking about etfs because a new one in biotech launched yesterday focusing on cancer immunotherapy. those are drugs that harness the immune system specifically to
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fight cancer. we hear from merck and bristol-meyers and juno, kite pharma. they can be very volatile. a private investor has launched this etf. 30 subpoenas, seven big companies, 23 growth companies all equal weighted. it's a way for folks to invest in this space without having to pick individual names. folks who don't focus on biotech and feel comfortable choosing names but want to invest in this area it's an interesting time to launch this etf after we've seen what etfs have been blamed for doing in biotech. bringing down individual names. people were selling on sentiment. it's an interesting time for immuno oncology. they were hot earlier in the year and have come back. is this a good point to get in or not? a different way of investigating it. >> is this actively managed? >> they rebalance it every six
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months. it was last rebalanced in june. the top holdings or top weighted companies are just the best performers since june. >> this thing was up 15.5% today. seems like there is an etf for everything. >> it does. i don't know why it makes me skeptical. shouldn't have anything to do with the underlying efficacy of the drugs. this is sentiment run amuck. you say balanced on performance of the underlying equities? >> equal weight and they start with 3.33%. every time it gets rebalanced. based on how each one performs, that's how you see the balance. as of yesterday's close, zyopharm was the top holder. >> it's rebalanced. they do better, they get more weight in the etf. it's a momentum index. that's what you're looking at.
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it's a biotech momentum index. you want to get leverage in this sector, buy this thing. >> meg, thank you. meg tirrell with stock therapy. this scares me. the way this thing is constructed. >> don't be scared. >> right? >> it's completely momentum-driven. >> at the same time, that works the opposite way. >> exactly. it will be very volatile. >> within that index is kite pharma. they got favorable news today about a leukemia drug. stock bounced nicely. there is a huge shortage, 28 short interest. this as volatile name. this name feels like it could be breaking out to the up side into earnings. >> interesting etf. coming up next, target and walmart getting hit again today as amazon hits a new closing high of its own. is the end of brick-and-mortar retailer closer than we think?
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all three indices are up. here is what's coming up in the second half of "fast money." there is one country traders are betting could sigh a major market collapse this mow. we'll reveal what that is later this hour. check out shares of wynn resorts falling in the after-hours session. down just about 8%. that conference call just about to wrap up. shares of walmart and target down again today. walmart shed about $25 billion in market cap since lowering sales outlook. according to our next guest, walmart's pain is coming from would be specific place. cowan senior analyst john blackledge is with us. the thesis amazon is eating
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walmart's lunch has been around a long time. why is it specifically because of amazon walmart is seeing this pain? >> yeah. thanks for having me. we think amazon is crushing it in e-commerce and public cloud. yesterday walmart's ceo confirmed some of what we've written about over the past few months. a couple of weeks ago we warned investors that amazon would take market share away from walmart, target, walgreens in the consumables market. we published a report amazon would not only capture significant market share in the $325 billion u.s. apparel market but amazon would displace macy's as the number one u.s. apparel retailer by 2017. amazon is winning in e-commerce. they are a significant threat in brick-and-mortar companies showing amazon's purchasers are accelerating and gaining greater share of household budget. >> it's clear when you talk to a lot of retail analysts that cover walmart, walmart will be
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engaged in a deep and competitive pricing war in the next 12 months. could walmart turn the tables? target, other supermarkets will follow. could that put pressure back on amazon? >> i don't think so. in other last report on the consumable side, we did a pricing analysis. basically, we saw amazon is competitive in pricing versus walmart versus target, versus cvs. what they have in consumables which are household goods and personal care products, they are undifferentiated products with a high replenish factor. that sits perfectly with amazon giving the higher number of prime customers. to put it plainly for these categories, amazon has competitive pricing. on rivalled fulfillment. there isn't much utility going out of walmart or target to get toothpaste or paper towels, for
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instance. we think amazon's a rising scale. prime is a driver and advantage if walmart were to go to pricing war. >> walmart is going to spend money over the next couple of years to revamp its business. you cover amazon. walmart's got what could be construed as a lot of distribution centers all over the place with its big box format and smaller local neighborhood formats. could it turn its business around to refashion itself to really compete head-on with amazon on the retail side? forget the cloud side. just the retail side? >> yeah. totally understand. i don't cover walmart. we do have a great retail team here. in my view, i think it's tough for a walmart and/or target to be great at both brick-and-morter and e-commerce. it is not in their core dna. while they have to improve on that, you have amazon running so much faster and extending their
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lead in e-commerce which is a massive lead at this point. i think it's insurmountable lead for walmart and/or target to catch up to amazon. >> we'll let you go. thank you for calling in. appreciate it. >> john blackledge of cowan. $700 price target. do you thing walmart, what it owns and has and what it will spend over the next couple of years, could it refashion and leverage the real estate it has, turn that into distribution centers and hire a core of delivery services or uber-like service and deliver stuff like amazon does? >> amazon is so far ahead that -- i think there is a shot of it. they've got enough resources to really throw something very powerful at it. i think it's worth a shot, but i don't think -- i feel no urgency to be in walmart stock right now as they attempt to do that. >> does it get dimmer for
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target, for kroger, for albertsons which is having trouble with its ipo. >> i think the light continues to shiite brightly on amazon. i took a lot of pete for being bull irish amazon. i get valuation is stupid. look where the stock is closing and where it is in terms of all-time high. $700 price target with a 25% rally. last quarter they reported in july was ridiculous by anybody's standards. gross margins, operating margins much better. eps and revenues off the charts. it showed you the power of amazon. i'm not submitting they are going to do the same thing a week from now but the stock continues to rally. >> there was a big ipo. first data debuting on the new york stock exchange after pricing below expectations. this as grocery chain albertsons with the latest public offering. bob pisani is making a rare nasdaq appearance. i can't believe they let you in the door. >> i made a wrong turn and
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suddenly i'm in midtown. you can show me to the nearest bars. >> maybe a weak market and bad pricing means better performance down the line? >> that is what the evidence is so far. the important thing about first data, the deal got done. this he were ecstatic on the floor that the deal just got done. $21 billion in debt. variable rate debt. they need to go public and way down that debt. they'll take all $3 billion and pay it down. 15% haircut? they could care less. $15.75, who cares about a quarter? it's disappointing. volume was light. you think there would be more buying interest. 160 million share offering, should have done over 1 houston million. buying interest was not strong. i give this a b, maybe b minus. it got done and that's what matters. the deals getting done are a haircut. since labor day we had 14 deals. everyone accept pure storage had
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some haircut. the average has been 18%. since then -- >> meaning priced below offering range? >> average mid point. about 18%. most of them are below. ipo market is pricing better. first day average has been 10%. following days have been up 6%. that's better than the s&p in the last two months. you cut the prices. it's buy low, sell high. you cut prices, people responded. big issue is whether first data cut the price enough. the perfect price would have been $15. then everybody would have been ecstatic. we'll see next week. i think ferrari is a very important story. they are arguing, we are a luxury brand. we should have a high multiple because we are luxury. remember what happened to burberry. they said the chinese customer is slowing down. that could be the next big one down the road. let these ipos reprice.
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let's get everybody interested. in the middle of the year we had all these biotechs pricing above the range. they fell apart in the next few weeks. we had biotech go down and everybody said why am i investing in these ipos. they want stable pricing. i'm all in favor of price cuts? >> great to see you in the flesh. bob pisani. how do you assess the ipo market? just below the price. take a look at what the markets did overall. some would argue that was terrible, terrible debut. >> well, right. think about what they are doing with the money. i don't want to give them money to pay off debt they already accumulated. that is not a good investment. i'm surprised it held up so well. in terms of what bob is saying, makes sense. when you have these issues, you have quality companies then come at the right price. now i would start looking at a couple of these quality ipos.
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>> coming up -- wynn is sinking after hours. we'll hear from steve wynn about why he is so frustrated with macau. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans,
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welcome back to "fast money." a crazy wynn earnings call moments ago with an angry ceo and barking dog. let's get to josh lipton with the lowdown. >> yes. clearly a very frustrated mr. wynn here. frustrated the leadership in macau saying i'm opening in march and you're giving me nothing but confusion. you're not telling me how many tables i can have. i don't know the tables, i don't know how many employees to hire. take a listen. >> it's become a major issue in macau as to the impact of government policy on in planning for employment, promotions, hiring and compensation. none of us are really clear on what our environment is going to be like going forward. it makes planning and adjusting almost a mystical process.
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>> in addition to mr. wynn and the cfo and the president, another participant did jump on this conference call. take a listen. i think all together -- [ dog barking ] >> the most intense kind of in consultation. >> a barking dog there i think that's a first for everybody on a conference call. wynn wrapping this up saying listen, this was not the most satisfying call ci could give bt the most candid he could offer. >> did we find out whose dog that was? >> it was carl icahn's. >> not clear, but that dog, he or she is a part of history. >> absolutely. thank you. josh lipton in san francisco. let's bring in harry curtis with a neutral rating and $82 price target. great to have you with us. you've been skeptical of the stock for a while.
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at this point are you less o optimistic given the dire predictions steve wynn says he has? >> don't you think the barking dog says it all? it seems to me this was a direct and passionate appeal for more tables. the issue i cited a couple of weeks ago when what is on your show was there is a shrinking vip market. that's where the macau market has generated a significant amount of its cash flow. what steve said on his conference call was that not only is it continuing to shrink, but there is risk that it will continue to shrink. >> at this point, given what steve wynn said on the conference call, why even be at a neutral on wynn? the ceo himself is essentially saying that he has no idea, no idea how many tables he's going to have. he has no idea how to plan the business at this point in macau. why be in the stock at all? why have a neutral? >> i think a neutral rating reflects our view you don't need
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to be there at this point. our $82 price target is a reflection of what i think is the reality of wynn's cash flow next year. but i think that with all of the macau operators, there's the risk, and this is something i cited for quite some time, that -- and no one has brought this up yet -- that there is a wall of capacity coming next year. it's not just steve wynn's casino. i'm studio city, las vegas sands parisian. the issue for macau is the quality for the gamers is declining in advance of this wall of capacity. that what is should be of concern. these casinos make an awful lot of money. >> thanks for joining us. harry curtis. what do you make of wynn here?
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>> they make an awful lot of money, yes. these numbers that came out were not good. the only reason in my opinion this stock bounced like it did from early october to now were those comments out of beijing. the stock is headed back below $60. the shorts got squeezed. this will empower them to put more shorts on. >> you know who did mention the overcapacity? this guy here. only a couple of minutes ago he said that. >> we'll tell you the one emerging market that's got traders running for the hills. check out some of the after-hours action as we head to break. wynn, schlumberger, mattel. s to. s to. i'm turning seven. what did you ask for? a princess. and a pony. you like things that begin with p. i like pink frosting too. will you have a cake? yeah. i was too sick to have one last year.
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mattel is lower in the after hours on its earnings report. >> that's right. mattel falling after hours. third quarter results missing on the top and bottom line. worldwide growth sales for barbie, the largest brand, fell 14%. among the reasons for the decline, the stronger dollar and young girls turning more towards interactive electronic toys and
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tablets. despite significant currency head winds, quarterly results were broadly in line with expectations at this stage of the company's turnaround. shares down 28% this year. >> thank you very much. we knew barbie was in decline already. >> why did we know that? >> for a while. >> barbie, sadly. this has been happening for a while, for a long time. they haven't been able to turn it around. i don't know why today is any different. they have debt. not that it's a problem, but it's expensive. i don't think you needed to jump in on barbie right here. >> although, it does set up nicely for an activist. barbie has been declining for a while. what has the company been doing? all of a sudden? it didn't happen this quarter young girls are switching to tablets and computer games. this is a trend going on for a while. mattel completely missed it. if you're an activist.
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>> that's why i watch this show. i didn't know barbie was in decline. if you overlay the two stocks, that is a trade. >> it has hasbro, "star wars." >> and i'm a huge fan. i've seen all the "star wars" movie. >> me, too. major turbulence in one key market. >> lars night you had a great segment on black swan, tail risk hedges. today there was something in the russian etf that caught my eye. when the stock was 17.40 today there was a buyer of 25,000 of the november 13 puts. those break even down 25% on november expiration. 70,000 traded on the day. there was about ten times average daily volume. most of the volume was in puts. paying a nickel for those 70,000 is about 350,000 in premium.
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break even down 25%. options market saying there is only a 3% probability those puts are in the money. that is a tail hedge. not a great hedge. if you think that this is where the trouble spot's going to be, it may give you a lot of bang for your buck. this is the one-year chart of the rsx. it just broke out here. we know there is some geopolitical stuff. russia bombing in syria here. i want to take a look at the longer-term chart. this is the ten-year chart. if you are long a lot of russian etfs, trying to reduce your exposure, this is one way to do it. i don't think you should buy 3% probability puts here. this is one way to do it. >> is this an oil trade? a bet against oil. >> here is what interesting, the trader put this on today. today was a news report saudi arabia is cutting prices for europe. that used to be russia's biggest
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customer. you're starting to see a price war there which would be problems for russia, saudi arabia grabbing more market share. i would be looking to sell russia. i don't know if i would do this trade. you could be short russia. >> thank you for more options. check out the full show tomorrow 5:30 p.m. here on cnbc. a $10 billion biotech company playing defense after the "wall street journal" called its revolutionary blood test into question. jim cramer just spoke to the ceo moments ago about the controversial report. >> this is what happens when you work to change things. first they think you're crazy, then they fight you, then you change the world. i have to say i personally was shocked to see the "journal" would publish something like this when we had sent them over 1,000 pages of documentation demonstrating the statements in their piece were false.
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>> catch the full interview tonight on "mad money" with jim cramer. if you haven't read the article, it's a fascinating read. traders will tell what you they are watching tomorrow. 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. excellent
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looking below the surface, researching a hunch... and making a decision you are type e*. time for a change of menu. research and invest from any website. with e*trade's browser trading. e*trade. opportunity is everywhere. at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping.
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they say it's better to give than to get. that's the case here at the nasdaq with the tenth annual savvy ladies gala fund-raiser for business women. this is one of tonight's honorees. congratulations. tell us about the cause and event. >> thank you. i'm thrilled in part because the award i'm receiving is in my grandmother's name. my grandmother was co-founder of levinthal in 1925. how exciting is that? savvy ladies is an organization that focuses on financial planning for women, which is such an important thing. we know women are inheriting more and more money, and women need to be educated. they need to feel empowered, and that's what the organization
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does. >> who are the members of this organization? are they financial planners? >> yes. they are financial planners. there is a help line for women who want to call and get help and actually, the organization was founded by a woman named stacey francis whose grandmother was in an you a abusive relationship and couldn't leave because she had no ability to handle her own finances. this also is an opportunity for women who need the type of financial help and have nowhere to turn. >> such a great cause. alexandria, congratulations once again. alexandria levinthal with savvy ladies. jon wrapped up things to support the wings over wall street fund-raiser when benefits research for als. how much money was raised today? >> well, they did some 230 million shares here. they raised about $24,500 then
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doubled it. the generous guys at iex said it wasn't as big as they wanted it they made it $50,000. it will go to als researcher. fabulous cause. people stepped up big including iex. >> muscular dystrophy? >> and als, the ice bucket challenge last year. they have a big gala next thursday, a week from today at chelsea piers. that will be great. it's wings over wall street.org if anybody would like to donate or attend the event next yeek. >> nice work there. >> thank you. it was very fun. >> if that wasn't enough, we've got one more. tim seymour will be rocking out at the drums on roctoberfest.
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the event takes place today. check it out. altso.org. >> today? >> when you're not musically inclined, they give you a tambourine. >> tim is going to sing tonight. time for the final trade. >> i'm i with karen. i think the yum thing sounds fishy here. don't buy it on this news. i suspect you'll see the stock back towards $66. take a shot there the news is good ultimately that they have the activist on the board. >> what's been staging a rally, gold and silver. buy silver tomorrow. >> chairwoman. >> yes. i want to stay long but volatility has come in. you can buy cheaper getting long. >> congrats alexandria, doc, tim
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s seymour. goldman sachs, big reversal. >> i'm melissa lee, see you back here tomorrow at 5:00 for more "fast move, jim cramer, "mad money" starts right 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." welcome to cramerica, other people want to make friends, i'm just trying to save you money. my job not to entertain you but to educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. what do you do when there's no discernible economic growth either here or in the rest of the world? the answer, you reach for the stocks o
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