for now, thank you everybody for closing me on "closing bell" today. "fast money" begins next. what is on tap. >> we're all over the big stories but just two words for you as a real tease -- guy -- delorian. >> i was going to say you had me at guy. [ laughter ] >> straight over to you guys. >> "fast money" starts right now. live from the nasdaq market site overlooking time square, i'm melissa lee. tim, david, karen and guy adami. tonight on "fast," it raced to the center stage of the new york stock exchange. we're take you under the hood of ferrari's first day of trade and we'll tell you if they could rev up your portfolio. and worries over rise in stockpiles weigh, we'll have from a top analyst to tell you how he is playing the big story in crude. and then to valeant. shares, to put it nicely,

tanking today. in the past month the stock has fallen more than 47%. is this a broken stock? is this a broken story in what do you do with valeant right now. guy. >> the answer to the first two questions are yes and yes. monday night re reported earnings and what we said was if they stopped after earnings it was a decent earnings release but they waved the white flag in terms of going forward and pricing. and we said that night it will retest the lows it saw weeks prior. it not only did, but tested lower. so is it broken? it is absolutely broken. it is gambling to buy or sell this stock thinking you have an edge because you have zero edge. >> and the report from citron today, alleging accounting issues. so if you didn't have enough reason to sell after monday's report, after the comments about increasing spend on r&d, no longer pursuing big acquisitions --

>> a change in the business model. >> exactly. now what? >> i completely agree with gee. it is gambling. if you think about the range of this stock today only -- today alone, so if you want to take the risk and if you were lucky enough to have bought at 88 before they halted trading, wow, what a home run. if you were unlucky enough to sell at 88 or bought at 135, i don't know how you could feel you have any edge in this name and i don't think it gets cleared up in the short-term. >> and you have bill acman saying that he has boughten more shares. >> he bought more shares. for a stock that at one point that was down 39, almost 38%, the citron research out there and the enron of biotech, which is i believe one of the terms used, then that absolutely created an amazing opportunity on either side. and i hate to state the obvious. but on today's report the bigger issue is whether the company really has any connection to these companies, apparently they

do. they started to explain that on monday's call. i think there is confusion about the relationship. but it is out right fraud. and i think the reaction, i agree with guy, i think you need to assess but if you do your work, you could look tomorrow to make some money. bill acman very committed. almost 30% of his fund. so this is a guy who has a lot of money in the trade and if i liked it yesterday, i like it more today and i get that. >> the statement today from valeant didn't clear up any of the issues presented by any of the reports. because there was two reports. citron and the southern investigative research foundation which put out a report prior to that. >> it didn't clear anything up. and this is when the sell sides need to dig in and do their work. so follow the money. if we learned from enron, follow the cash flow. those covering this stock should be digging down deep and

figuring out the cash flow situation. this company is leveraged and they have a tremendous amount of debt. trace it back and come out with a statement. >> for more on the story, let's bring on meg tirrell who has been a busy lady today. in terms of wall street, analysts having to do their work. even after money they were sticking by the target and the ratings on the stock. have you detected, maybe let's take another look at this one? >> no. coming out again supporting the stock and saying it is a misunderstanding of what is going on, the specialty pharmacies are very confusing. it is not like going to vcs and getting a drug like you would and this is getting around ensurers to keep patients from using high-priced drugs. to help patients with co-pays so they don't feel how high priced the drugs are.

it is confusing. a few analyst comes out on the record and some haven't put out notes yet, and it is interesting to see where they will land on this. last week when we talked about the government investigations, some said i would hold off until those finish and if we see anything. >> in terms of the stock. we were talking about the change of strategy. you have the government investigations, a change in strategy and then you have the allegations made today for a stock that has lost about half of the market cap in the past month. is it your sense that investors right now are reassessing their position? we have acman coming out saying he is buying more but there are many others in this name. >> a lot of people reassessed their positions and decided not to stay in. acman did provide some support and turned around the decline in the shares so that was interesting. and somebody made the point to me that acman is a big holder.

and value act a big holder here. and going through this with allergan this year and sophisticated people have dug through the company and didn't turn anything like this up and so it is interesting to see if we'll see more of this. it seems like this horrible snow ball effect going out with valt right now. >> and we saw it with allergan and they came out with their own statement and that stock did bounce. but also mellen croft. horizon pharmaceutical. and if you are going to cast a doubt, is it justifiable to cast a doubt on other companies as well. >> that is fascinating to watch today. the first to come out was allergan. maybe she said we are not in the specialty pharmacies and we don't rely on these for our brand. and then endocame out and said we don't own these pharmacies. so it is interesting to see the

companies trying to distance themselves from the ideas going on around this practice. we should know, there is illegal in using specialty pharmacies for patients that rnts covered by government insurance. this is a legal practice. now there is all questions going into the accounting behind it at valeant. >> meg, thank you. meg tirrell, our pharma and biotech reporter. let's look at the top holder of valeant. what is interesting, is all of the hedge fund guys -- well not all of them are hedge funds, but the holders of valeant shares are caught in other trades that have also been impacted by this news. for instance, john paulson is a top holder as of june 30th, as of june 30th filings and also in mellen crop and allergan. and we are noting a mysterious down draft in sun edison, and i couldn't find any news that could cause it to plummet,

double-digit. but there is a lot of overlap in this. >> this is the notion, if they see big redemptions, where are they going to get liquidity and raise money. that is painful and could continue. but unrelated. >> and here is a case where also again, talking about specialty pharma, which is the topic of the day, where they are useful or accounting fraud inherent in the model, but where there is smoke there could be fire. and i mean regulatory. and the government may come in here and they have been stamping all over this sector and looking into x and looking into y and that is a danger here. whether there is a functional change here is a question. >> and the question for investors is do you need to be in a place where there is smoke? >> no. >> and i would doubt that that occurs very often. >> exactly. >> and half of the investors don't understand the story. there are in these names and shooting first and asking questions later and exiting the

trade. >> to e-bay. the conference call getting underway. josh lipton is listening in. so what are you hearing? >> well the conference call just starting here, melissa. just some other key stats from the report. the retailer saying it has 159 million active buyers, in line with what the street wanted to see. gross merchandise volume, total value of items sold, up 6% on a constant currency basis. capital return. repurchasing $600 million of stock. and looking ahead, e-bay raising the full year guidance from 1.80 to 1.82. they want to hear how they will accelerate growth in the business and plan to take on rivals. and not just amazon but the smaller verticals, the smaller players, the etsys, the gills. that call just starting and i'll bring you headlines as they come. >> we'll check back later with you josh, thank you. guy adami, what do you make of

this. >> if you want to nitpick on this one, operating margins year over year declined. that is a concern. if you look since the day when they spun, the stock hasn't traded well. the quarter is fine, but i don't think it is all that interesting. i don't think it is that expensive or cheap. can it bounce from here still? maybe. but i don't think it is -- >> to me that is a mech. >> a me -- >> this company is not growing. they are saying 0-5% and the rest of the industry is growing 16, like mid teens. >> i'm also a meh here on this side of the desk. jack dorsey is apologizing. what does it mean for investors. and we have the latest from the developmenter's conference.

we'll hear from a top oil equities analyst and how he is playing the space and which big oil stocks he said to stick with for the long-term. and as we head to break, las vegas sands telling a different story from wynn. we'll bring you the headlines right after this quick break. stay tuned.

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we have an earnings alert on las vegas sands popping in the after hours, let's get to morgan brennan with the details. >> it was a mixed quarter. and all eyes were on macau. and revenue for chooip sands which oversees the macau casinos fell. net income cut in half down 47%. still executives pointing out that profitability did increase quarter over quarter. now the pay in there could be stabilizing. and also the retail malls have held up in the markets which is softer at the higher end. in the conference call, the chairman discussing what he calls one of his favorite topics. returning cash to shareholders. >> our industry leading cash flows, geographic diversity and

balance sheet strength, enable us to continue the recurring dividend programs while reta retaining financial resources to invest for future growth and pursue new development opportunities. yeah, dividends. and yeah, buybacks. >> so sands hiking the dividend by 11% to 72 cents in the 2016 calendar year. they are committed to the dividend program and increasing them in the future as cash flows grow. in terms of other gaming markets in singapore, sands delivered a record quarter. also this was the best quarter in las vegas since the economic downturn with lodging the star. so executives saying they are very encourages by what they are seeing in the market. and looking at after hours, up nearly 4%. back to you. >> morgan, thank you so much. that dividend increase is huge when you compared that wynn had to decrease the dividend and after the quarter analysts are

saying they may have to do that again. >> this was all about dividends and singapore coming in better and mcow, i would term it as all about the headlines. but make no mistake for the dividend, he talked about the free cash flow, that is fantastic because not efb has that. >> given the bounce over the last couple of weeks, timmy is right, it is all about the dividend. i'm inclined to fade the rally. but will wynn bounce on the back of this tomorrow. it might early but i still think it is headed below $60. >> let's manufacture on to chips today. san disk making it official it will be bought by manufacturer western digital in a $19 billion deal and kla ten core to be bought by lam research. both of the names moving higher across the board. wave of consolidation continues. >> we love this lam deal. it is a tremendous deal. we previewed this a couple of

weeks ago. our analyst is phenomenal. he nailed this thing. he loves the combination. the question is anti-trust. if you remember the tokyo electron there was issues there. the customers of lam want this deal to come down. so we don't believe that will be the case. he did some work and believes to be 10-15% acreaseive and we value it as a good structure. so we have an $85 target on there. and san disk, the biggest issue is another bidder come in. we questions micron or samsung. i don't think micron has the ability to do it at these prices. and samsung is most likely not going to come in either. so this deal gets done. don't like it as much. >> samsung said it will sit back on this and see how it unfolds. but you're looking at another one. >> look at texas instruments after the close. that is a remarkable quarter.

i've been negative on the earnings releases but you have a revenue beat and eps beat guided higher. inventories are down and margins are up. they seem to be doing everything right. i'm not claiming to be a texan specialist or genius, but clearly they are operating better than a lot of the folks. >> why did everyone laugh when he said that. >> any time i say genius. >> i'm not claiming to be a texas genius. >> that is a good quarter there, sister, just saying. and morgan stanley downgrades twitter from 24 to 36 after they held the developers conference flight. julia has the details. >> that is right. jack dorsey took the stage in his first big public event since being named the permanent public ceo. as he works to rev up the stagnant user growth saying that tweets are seen by a billion people on mobile devices.

he also gave a new definition of twitter's purpose. >> fundamentally twitter is a simple messaging service. that is what people have used it for. that is how we started. and today, it is still fundamentally a simple messaging service. >> and the company wants to get those messages out into the world by making it easier for developers to find and share tweets within their apps. for developers dorsey unveiled a number of partnerships. stripe for payments, amazon web services for hosting management and nuance for voice recognition among others. dorsey kicked off the event by trying to clear the air after twitter's rocky relationship with developers in the past. >> we want to come to you today and first and foremost apoll yiez for our confuse. we want to re-set our relationship. and we want to make sure that we

are learning, that we are listening, and that we are rebooting. >> dorsey asked developers to tweet out their request for how they want to see twitter's service change. there is no question, with so much management upheaval and so much hope pinned on the changes that twitter has in the works. dorsey is trying to shift the conversation and certainly didn't help the stock price today. melissa. >> what is your take of dorsey saying we are a simple messaging service. that seems weak. >> it seems simple. >> well it is straightforward. i think twitter has got a lot of criticism for trying to define itself as the global town square or as your companion to live events. what he's saying is this is about messaging and where people come to get and share news and that is it. it is not something more complicated than that and this is news that you want to have on your apps that is important and valuable to users. so the idea is to stream line it and get away from the jargon that confused users and

investors. >> julia boorstin, thank you, in los angeles. what do we make of this down grade and what dorsey has to say? i think the reaction across the board in terms of him saying it is a simple messaging service was pretty much uniform. >> that is in the price. >> it is not a convincing story line to an advertiser to buy advertising on the platform. what do you think, karen? >> i don't know that it is. to the extent that the message is clouded and nobody knows what it is. if they clarify, even if it is -- then that is good. i also think at apology to the developers is a good -- is definitely a good thing to do as well. we'll see. he's talking the talk. we'll see. >> yeah. >> i think the report on the 27th, david has been right on this, by the way. i think at this point, now, given the volatility, you have to wait and hear what they have to say. if it is bad, it go back down to 25 and if it is good, you won't miss a move to the oup side. i like the story, but the stock is too crazy for me.

>> morgan stanley downgrade was lame. down 40%. you are going to come out with an underrating at this point. >> they said that we've said on the show for the past months. but he's asking people to tweet out tweets on how people should change the company. re-set the stock price down to $20 and people may jump in and buy the stock. it is crazy. when dorsey took over. it it took them way too long to find a ceo and it showed weakness and he is making statements like that, this stock should be hold. >> and so far this evening. e may, american express and big move for texas instruments. we'll have the headlines on all of the names when we come back. i'm melissa lee, you're watching cnbc, first in bishz worldwide. here is what is coming up next on "fast money." >> ferrari revving up the street. we'll take you under the hood of the luxury maker's flashy debut

and tell you whether any of the traders are thinking about getting in. and later back to the future day has finally arrived. find out what guy was doing in his very own deloriadelorian. and a look at the top transportation names for the future. names might just surprise you. much more "fast money" after this.

what is at the heart of the brand is this intimate relationship between us and the customer base. >> ferrari sells 17.18 million shares at $60. >> there is only one ferrari in the world. >> looking back at ferrari's public debut on the stock market today trading under the ticket race. steve and bob were live. why don't you kick it off for us. >> here is the good news. priced at the high end, 48-52. it opened at 60 and that was a great open and closed up 6% but at the lows for the day. here is the problem i have. it is not an indication of the ipo market in general. in fact, it is really an

anomaly. it is a very unusual product because the sector momentum is unusual and it is a luxury brand and arguing for higher multiples an they get with with fer ag ammo. and it is sexy and extreme brand loyalty and customer relationships you don't have this with many products in the world and that is why you got the attention for it. and it is not representative of the over all ipo market. we've had 14 ipo before this in the last month, melissa, none of them have priced above the range. only two priced within the range, ferrari is now the third one, and the average price is 22% below the mid range. so ferrari is certainly a home run. i think the problem i got with it, steve, is we opened at 60 and closed essentially at the lows for the day. that is a little disappointing although it was up respectively. >> so guys on the desk, what i think bob is talking to and what we experienced on the floor today is that scarcity value

that there were red jackets and hats on the floor, on just a granular level outside of the trading stock. >> and nobody left the hats or the jackets here. none. >> i did. i'm embarrassed to say i have a hat and red jacket. tim, i got the red jacket for you. >> i'm sure i look better in it than you do steve. >> if you get it. >> thank you. >> that was an awful thing to say, so what bob was talking about, you don't learn that much information on a technical basis on the first day of trading but everything you need to know is right up there, bob said it. it opened at $60. watch that level it. close the at $55. i'm nervous about the close at $55. that was the low of the day. and it definitely felt like it was heavy all day long. i think it is still for sale. >> and the big issue, and this is a major issue, the overhang of the stock, 80% of the stock fee at owns the other -- fiat owns the other 80%, will be

distributed to the fiat shareholders and people i talked to is that is a significant overhang for the next several months. >> and melissa, we talked about tesla and about supply and can they meet the production numbers. this is the opposite of that. 180 degree difference of that. these guys are -- did they produce what -- 7255 cars and they are going up to 9,000. this is a unique story. watch out. i think the stock is still for sale. >> guys, thank you. get the red jacket and hats on. pis anie and grasso. i'll go to you since you rode around with enso in that car. >> i don't think you have to run in and buy it. but when i look at this as a global luxury brand, we said this on the desk, i think it should be trading at 28-22 times. so that is the range you should be in. but i think the fiat overhang is good news. i think it doesn't necessarily need the money from this and i

think it is a global prestige brand that is part of their overall strategy. >> yesterday you sounded like you were interested, karen. >> i am sort of interested. i didn't love how it traded today. so i -- i am actually sort of interested. i do think because of the iconic status, i think it is a unique brand that it will just continue to trade well. but i want to add one other thing. it is not indicative of the ipo market as bob said. we'll see when square comes out whether the unicorn, how healthy the market is, which is important. >> up next, crude oil falling for the third straight week. as supplies jump. we'll hear from a top analyst who thinks what is set to play the post. and it is october 21st, 2015 and which means it is "back to the future" day. and we found marty mcfly, guy adami, to test out his own delorian. find out what happens right after this.

welcome back to "fast money." markets in the red today as stocks faded heading into the close. major indices with back to back losses. energy was the liggest lag ard. here is what is coming up in the

second half of "fast money." eb bay soaring after hours and what drove the strong quarter this hour. and plus today is the day that marty mcfly traveled to in "back to the future." and some of the predictions came true. guy adami has a special report later this hour. we start with what could be the perfect storm for the oil trade. crude selling off for the third session in a row giving back virtually all of the month's gains. oil inventories are now near 80-year highs. paul sankey follows the sector and joins us today. paul, good to see you. >> it is a pleasure and i can't wait to see tim and how cool he looks in the ferrari jacket. >> going to look cool. >> cool might not be the right word. >> cool is the word that comes to mind. >> yeah. >> okay. so paul, what do you make of oils' volatility and if it does, impact your view of the commodities going into the year end. >> we've seen build in inventories here but we expect those at this time of the year.

we're at 80% of u.s. refining. having said that the numbers are big. we saw a 8 billion barrel crude and that is over 1 million barrels a day which is essentially it has held at 45. and those out there that have been looking for much lower numbers than this as a result of these kind of inventory builds. so we're quite encouraged with the way the market is holding quite well. >> so let's say it holds around 45 and we've seen the lows for the years an the highs mate be somewhere like 50 or so. what does that mean for some of the oil stocks that had been more distressed or does it mean that every dividend for the major oil companies are in tact at this point. what are some things that we can tick off in the boxes as worst and best case scenarios. >> sure. so the still the market is oversupplied. we're forecasting $50 for the quarter. but we are forecasting $60 for next year.

we think the bought semi is in for oil and we're in for recovery. for many companies $60 is not a enough. and those who are bearish in oil on wall street, you'll notice a commodities and not corporate analysts, i don't any any equity analyst that thinks sub 50 is a sustainable oil price. we certainly don't. our theme is a third, a third, a third. say third of the industry is going bankrupt. a third will struggle over the next year and have deserting balance sheets and a final third will be fine when we eventually get back to what we think is a tight market by the end of 2017. those guys, that last third, the best third, will be able to accelerate into what we think could be an undersupplied market through 2018. so our quality names that i cover are the big caps, many of them quality, other ones we like and would still avoid two-thirds of what we are offered here in terms of equity, so what stock

-- >> so what stom is surprisingly in the bottom two thirds in your universe. >> well there is a special issue on the bottom. but i'll come back to my favorite. it is eog. i love their focus on returns. everyone within the company is paid based on returns and they have the ability to turn on and off as they see fit on a flexible basis. the one that would surprise is under weight onyxon mobile. it is not going bankrupt or in the bottom two-thirds but the balance sheet will be deteriorating. i think it hasn't made a major final investment decision this year because the challenge in global oil development and as a result we think high scholy lia and therefore it will make an acquisition. we'll be surprised if they don't make an acquisition within the next year. >> paul. great to see you.

hopefully tim will let you try on the jacket. >> i would like to drive your ferrari, paul. >> he's got one? >> i do not -- for the record, i do not have a ferrari. >> okay, you don't, just kidding. >> paul sankey. >> but he deserves one. and to paul's credit, he came on the show in december of 2014 and thought the u.s. market would increase production until midyear and before you started to see it fall off and we're off almost 500,000 barrels off the top. that is part of the key. you're getting to a place where capex has cut back and you are seeing the best of breed, apache, eog, those are the names to play. >> what is your play onyxon mobile? >> let's go to chevron. trading at close to 22 times forward earnings, in this environment that is a rich stock. it has gone from 70 to 90 in less than a month and they report on october 30th. i don't know what they could possibly say to continue this rally. so if you've enjoyed the gains over the last couple of weeks, i

say take profits into earnings. >> you still into services? >> i am. last week with the terrible week. the week before that was good. there is winners and losers out there. we're going to see more up for sales. we're going to see more. turning to the hedge fund front. seema mody has the report. >> green light capital's david eye horn has taken a new long position in michael kors. it has been suffering from week demand and same-store sales. the stock down over 40% this year. but it looks like david einhorn sees opportunity, we are seeing rally of 2% after hours on the report. >> and karen, i go straight to you on this one. >> yes. normally a david eye horn, taking a position, it would be great. i love david. i think he is excellent. this year hasn't been a good one for sure. but the kors story is a

ridiculous valuation. so much different than kate and ralph and a great balance sheet. i'm long. >> i agree. i like the stock at these levels. seeing a massive, massive selling pressure and i think it has gotten to the appreciate where you have to step in and buy it. >> still ahead, some of the biggest names in tech reporting tomorrow. amazon, google and microsoft. we're going to be busy. we have the most important thing the street is watching for later on. and it is "back to the future" day and guy didn't want to miss out on any of the action. take a look. >> i'm guy. i'm out here in the street. i've got my man matt, so stay tuned folks, this is going to get crazy.

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she could control her cash flow, and keep the ranch running. chase for business. so you can own it. are you telling me that you built a time machine out of a delorian? >> the way i see it, if your going to build a time machine in a car, why not do it with some style. >> that was a clip from the blockbuster from 1980s "back to the future." today is the day that they arrived in the future. and in honor of that ride sharing company lyft have offered up free delorian rides in the citi. all throughout nyc.

we sent guy adami to get in on the action. take a look. >> it is guy. i'm out in midtown. lyft, they've been kind enough to invite me back. we're going to take a ride in, you got it, a delorian. >> did the movie make you get the car. >> yes. i mean, i was what, five years old when the mommy came out -- when the movie came out and you said i'm going to have something like that, and your dad is like, sure. and let me tell you, dad, 20 years later, i've got one. it gets about 26.7 on the highway. >> it became a novelty. >> yes. and it was not supposed to be a novelty when it designed. >> right. you are the man. >> absolutely, man. >> i'll tell you what, that was pretty cool. >> he drove you to the nasdaq. >> did it have that whole time machine thing.

>> and the flux capacitor in there. >> you could have been beamed forward. >> i am. >> maybe he traveled back. >> the way he's dressed, it kind of looks like it. the hair cut and the whole thing. >> or maybe he's from the 80s. >> i'm from the 80s. i'm lost to the 80s. >> so that guy that you are riding with is the president of the north american delorian club. >> there is such a thing. >> and i don't know how many members. >> i think a few hundred at least. there are 9,000 cars made and 7500 still floating around out there. a bunch in york, pennsylvania, this man digs it. >> so the biggest day of his life. >> he had the whole regalia on. >> does he dress like marty mcfly every day? >> let's hope not. there are a few companies taking the front seat in innovative transportation ideas and we want to get everybody's top trades for the future in transportation. tim seymour? >> as much as i don't believe

this is something in the short-term, apple with the apple car. i'm sure, even if it is just the operating system, apple will be a big part of transportation going forward. they have transformed the way we move around information and moved around music. i expect they will be in the transportation space soon. either way, i can own the stock until then. >> and sea burt. >> and i look at tesla. and when you get uber that comes out and i think they can get together with tesla and uber will work on the smoothing out, if you will, of the utilization of car traffic. you look at a car that comes off the lot, it is used 4% of the time and planes used 40% of the time and i think they'll figure out how to get it down to be moreute illized. >> karen. >> you sat in one and didn't drive around. >> google. >> it was their software. >> yes.

i think it is happening. >> i put my delivery cap on and i decided amazon. they will figure this out. all four of us with four different things. they will drop the movies with sub titles on your front porch. i don't know what they'll say tomorrow, but i think it will be good. >> sub titles, what does that mean. >> like foreign language films. >> no wonder you wouldn't know what it meant. >> no. i like cartoons actually. >> speaking of out of this world cars, be sure to tune in to a new episode of jay leno's garage tonight at 10:00 p.m. pacific on cnbc. shares of amazon are up 40%, making it the second best performer on the s&p 500 and one analyst said it has more room to run. he'll explain after the break. and rough day for shares of valeant. traders are betting that the worst is still to come. a special "options action" is next. you're watching cnbc, first in business worldwide.

credit card still under way. and the stock surging up 9%. josh lipton is on the call. >> we began the call in the after hours and the stock was up 7% and we have, as you know, just ticked higher here. let's take a quick lessen to the

ceo devon winnik talking about the quarter. take a listen to what he had to say. >> the performance one quarter following the spinoff of paypal is steady and in line with our expectations. i'm proud that the team was able to remain focused on executing our strategy while managing a complex separation. we still have work ahead of us to reposition our business and to deliver the level of performance that we aspire to achieve. but our q3 results are a step in the right direction. >> a couple of other issues just to quickly mention. remember there were search issues, changing to google search which have an impact and he tells the street he wants to create better discoverableb ability on his platform so not dependent on search alone. they have 800 million items for sale and saying the biggest store. and for holidays, he sees stability and they are operationally ready for the

holidays and plans to be, he said, very active in marketing during the holiday season. melissa, back to you. >> josh lipton, thank you. and it is interesting, because you don't think as e m-bay as a strong company on this one. >> we've talked about this before. this is not something that is sexy. the guys that they have spunoff paypal, all of the excitement in the name and the parts valuations are behind it. i think you can probably own it here actually. i think they are growing and competing with amazon. >> and tomorrow will be a huge day for earnings. you have google, microsoft, amazon, all reporting after the bell. rbc's mark mahoney has everything you need to know ahead of the amazon report. take a listen. >> this is mark at rbc talking about the up coming earnings for the "fast money" earnings edge. three key things to look for. first the street is looking for $25 billion in revenue and a loss of 14 cents. we think the estimates are reasonable for this quarter, particularly on the bottom line.

second, the two peel back the onion numbers are the year-over-year revenue growth for aws and growth for amazon north american retail revenue. we think they need to present 70% year-over-year growth for nws and 25% growth for amazon north american retail. and the guide for the december quarter, there is a challenging setup. looking for 5.2% operating margins, close to a record high, given the uncertainty on where we are in the investment cycle for amazon, particularly in international markets. that may be a challenge. big picture, we continue to like the stock. we expect a modest beat in bracket quarter for the stock to trade up. it is mark mahoney at rbc. >> seaberg, thoughts on amazon? >> i love amazon. i think it has been bold up until the print and if they miss the margin guidance, i would be

a buyer in any kind of weakness. this is a great story and i think the stock continues to move higher. >> think it is interesting on the back of aws results what oracle and vm ware do in response. >> just the way it has performed since that announcement, it is awful. i'm in agreement with amazon. the last quarter was amazing on every metric you could look at. and think this is similar. not as good but similar. seminole five is a long way away but i think it goes higher. >> back to valeant and things could get worse. mike kuo is in austin with the action. what do you see. >> one of the places where we saw a lot of activities, ten times the average daily option volume traded january 60 puts were trading. probably 6,000 traded around $8. that's a bet that the stock could get sawed in half, even from today's levels. i should also point out that even in the 190 calls traded at

november. so one way or another, the options market, which are betting to the down side, it is pretty wild ride over the course of the next several months. >> check out the full show of "options action" at 5:30 on friday. in terms of analysts on the street, the average price for the stock is 247.$247.70 is mor than a dumb from where it is here. so that activity in terms of the put activity is interesting because that is just opposite direction. >> and people will have to start ratcheting down numbers as well. >> you can still be bullish but don't see more than double in the next 12 months. >> coming up next on "mad money," cramer talked with the ceo of tupperware. and steve singe at sap after the recent acquisition. and cramer races through his thoughts on ferrari tonight on "mad money." our traders will tell you what they are watching in the final trade. that is 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.

time for the old final trade. around the horn we do. tim.

>> if you see mcow stabilizing, play with 42 as your stop. >> seaberg. >> i like the action in chipolte today. they lapped one of the toughest comps and i think it will go higher and love it around the 665 woman. >> chairwoman. >> yes. good information out about united rentals but the index was good and i think things hopefully have bottomed here. i like uri but don't buy it north of 70 tomorrow. let it come in a little bit. >> gee. >> before i reveal, we're just part of a great team. you see the five of us. but there is cogs in the wheel. many other people here. and one of the most important team members, nancy primavera, getting married this weekend. >> all right, nancy. >> this is her last day. >> so very nice. [ applause ] >> she's mortified. >> i'm never seen her so embarrassed. >> i love it. >> great.

>> with that said, good luck nancy and mike. >> texas instruments. texan, doing something crazy here. >> yeah, nancy, i'm melissa lee. see you again tomorrow at 5:00 for more "fast," in the meantime, 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, 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 and i am trying to make you money. i am here to educate and call me or tweet me @jimcramer. we're getting a formula for what is working and what's not. so so.