tv Fast Money CNBC October 29, 2015 5:00pm-6:01pm EDT
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have done well. let's hear what they say about raw costs, the consumer. >> the rubber bin indicator. thank you. mike, stephanie, on a busy "closing bell." "fast money" coming up. >> big declines in shares of nfpi. >> intel was holding down the dow today. straight to you guys. thanks. "fast money" starts right now. live from the nasdaq market site overlooking times square. a big step away from the drug maker as activists hold a conference call tomorrow. we've got a special report. the three high-flying stocks that could be on the verge of a serious move lower. gopro at an all-time low sitting $1 above its ipo price of $24.
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nick woodman had to say in defense of his company. to the big story, that is starbucks. trading lower despite matching earnings. it is a story out of china that's got the street talking. morgan brennan has details. >> starbucks conference call is kicking off right now. better than expected global comp sales growth. and more info on guidance because the current quarter earnings is below street estimates and will focus on the asia pacific segment. it was less than expected. china has been a big growth market for starbucks. the commentary on that country is going to be particularly important. u.s. and europe comps are stronger. in particular will be of interest and how the new mobile ordering app is performing so far. that was launched in the u.s. last month. more detail on food sales. that is something the company has been looking to grow aggressively. express stores like the one opened earlier this year on wall
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street. and any confirmation on reports starbucks could be expanding to italy? we'll bring you the headlines later. >> look forward to it. >> let's talk about starbucks. guide was not good for the fiscal first quarter. this was priced to perfection, so to speak. >> up almost 70% year over year. i'm long the stock. these numbers don't do anything to have me want to change my position. i will say i think the china comp is more important for this company. expected almost nine. pick your player. mcdonald's is up 27% in china. yum has revised downward a couple of times. when i look at starbucks global and their international initiatives, i think they have more to offer than those other two guys. where they are in this cycle, i think this will recover. >> i would think china is a big problem here. 9.6 versus 6. >> 9.6% was the estimate for the comp in china.
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they came in at 6%. this is where the growth will come from. to me, i think tim's point is correct. stock is up 15% on the year. it's discounting a lot of that. here is the thing. they say they will open up 900 stores. this is something you can't afford to have hiccups on this part of the growth story. to me, i would fully expect this stock to consolidate in the high $50s or low $60s. >> i was talking to an analyst on "power lunch." it is trading at the highest valuation since 2006. that's when it had double the rate of revenue growth. >> interesting, right? yes. it's been shoot first, ask questions later with stocks with high valuation. the fact it's not selling off precipitously gives you encouragement. it bears something in the fact a
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lot of this cps beat or in line number was based on a favorable tax rate. i think it's going to hold $60. you buy it here. i think it moves higher later on. >> stock is up over 50% year-to-date as competition is dunkin. there are so many spisinitiativ with the pay and reordering. i still think it's a buy. >> more from the conference call later this hour. now to another big earnings mover. that will be linkedin soaring. julia covering the conference call on us. >> linkedin shared up on better than expected results across the board. plus stronger than expected guidance. there was a particularly notable rebound in linkedin's recruiting. that's the largest division. the company issued prepared
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remarks for the conference call which kicked off moments ago. weiner revealing key growth stats. hitting the 400 million milestone last week. member page views is up 1/3 in the past year. the company also says it's successfully helping members get hired with more than 4 million jobs listings on the platform, four times the job listings a year ago and increase in job applications in the past year. the earnings the next hour, we can expect questions about overseas growth, about china in particular. linkedin says it has more than 13 million members in china. we can expect more questions about the integration of its acquisition and a b2b deal with ernst and young. for more let's bring in our
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tech analyst. he upgraded linkedin yesterday from buy to hold. congratulations on that call. what did you make of the earnings call? >> it's a great number. this is a company that has a lot of leverage that is going to continue to unfold as they continue to drive revenue growth. not only do we get an acceleration of the talent solution business which some came from the acquisition of linda.com. the other 2/3 was organic to the core business. we saw a nice tight cost controls and every single product segment, whether sales and marketing, product development or g&a. this was a good december quarter. >> julia mentioned china and how people will be listening to evidence of growth there or traction gaining in china. how much of that is in your model if at all? how much of that is crucial to the valuation of the stock right now?
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>> a few things about linkedin. they've got market cap north of $30 billion. the opportunity that linkedin has to growth, to capture the economic graph and very few people challenging them in this spot. their growth potential remains enormous. there will be geographies like china, that is not we need any time soon to materialize. they need to build the user base first. >> i agree. linkedin is hard to replicate. valuation is stretched but probably deserved. you basically upgraded it to buy from hold but left your price target at $250. a whisper of that now. do we retest the levels we saw earlier this year? do you ratchet your price target up now that they raised guidance the full year? >> the earnings and cost controls or the reduction in growth spent all dropped to the bottom line.
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that means numbers are going to go up across the board. you could easily lift your price target and keep same multiple valuation. we'll work through that after the earnings call. you have to be careful. this is a volatile name. i look at the absolute market cap, only $30 billion. you've got three diverse revenue streams. i like this business long term. >> colin, great to have you with us. good call yesterday. >> i think $250 is the resistance level guy is speaking to. they are expected to grow sales 30% next year. they did it this year. that is something when you think about the move facebook and google had, they are buying growth. there are few names growing off that base. i think you buy it on the pullback. i don't buy stocks after market. >> last earnings they had, they had big beat on estimates. stock came in dramatically after that. i would look at today's close and cut it in half. had a big move here whatever the
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number was, cut that in half. that has to hold to the down side. buy half of whatever you wanted to buy going forward. it seems to be a place where people have to be listed no matter what the job market is. >> the core solution strength is fantastic for these guys. they don't have a lot of competition. i would argue these guys have less competition than facebook does in their space. interesting he is almost talking about them in a social media con 'tis. forward guide indicates the fourth quarter guidance is light. that the people are underwhelmed in their outlook. fourth quarter guidance is stronger than people expect. i think the stock is going to go higher. i wouldn't buy anything up 11% after hours. next -- shipwrecked. m&a activity chip stocks taken to the wood shed today. could any of them be worth a second look? >> cvs backing away from valeant. now express scripts. this after it prepares to defended company at a press conference tomorrow. what you need to know. shares falling hard in the
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money." expedia shares flying higher after hours reporting a 7 cents beat on its bottom line. it expects more money from its $1.3 billion acquisition of orbitz which closed in september. that's probably the reason total books were up 21%. expedia has been aggressively trying to expand overseas, 2/3 of its bookings were from its domestic business. the stock has been on a tear up 50% this year and higher by 7% after hours. >> thank you. who likes expedia here? >> priceline is where you go, right? expedia is interesting. priceline had the huge move the other day. ran up to levels we last saw beginning 2014. seemingly stalled. now this expedia report is giving it the next leg high. how do you trade it? priceline against $1,400 you stay long. >> we saw tough day for semiconductor space. kicking off the top trades
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tonight, seeing its worst day in four years after forecasting unexpected decline in fourth quarter revenue. the stock falling more than 18% in today's session. spm missing on revenue guiding lower the fourth quarter. both stories weighing on the chip space. guy, it's interesting nxp used to be a darling. one point it was a $140 stock. >> down 19% today. i think the chips almost to a fault are the have and have-nots. this flies in the face of what texas instrument said before you went away on vacation. texas smoked it. we talked about that stock trading up $60. it traded $59.99 the other day. on this pullback in the semis, go to the haves. texas instrument was one of the haves. nxp you have to be on the sidelines here. >> it's heavily into the automotive industry. also into china with its chip card. >> right. we know the pc and --
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>> they are having problems? >> we know that. industrial is the focus, right? that's why guy brings up texas. they don't have that exposure. you have to think about what is going on here. semiconductor index has this massive rally the last month here. it was oversold. how many deals have we heard just in the last weeks here? >> for nxp, this is a stock cut in half in the course of less than a year. it was an industry darling and did an acquisition. >> the have and have-nots. if you look at exposure in automotive, automotive is going okay. it's interesting, dial-up semi which makes the power conversion chips which got tanked. some of this might be concurrent. it may be a look forward.
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this is something you need to continue to consider. i look at texas and intel. these are not places to shave these stocks. they are at the top of ranges that are significant ranges. texas around $59 or $60, you don't need to chase it. >> when you talk about the haves and have-knots. nvidia up 38%. you lean towards a gaming stock, they are doing everything right. when you look at the chart, there is no pullback. stick with that chart versus bottom fishing. next up, gopro plunging, falling a huge revenue miss. stock hitting an all-time low breaking below $25 the first time ever. the stock within $1 of its ipo price of $24. wi >> i think the session was impactful to our business this
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year. if session had been stronger out of the gates, if we hadn't mispriced it and backed it up with the marketing it deserves, we would have had a different earnings call yesterday. >> he is admitting to execution issues. >> he is learning it. he's been rewarded a lot of times with incredible stock prices. i would have missed all of that escalation. i was never a believer in the stock. i would have missed all those early gains. i still believe it's a one trick pony. i still believe it's a hardware company. i would not be a buyer. huge short interest. susceptible to pops here. >> they did this with the session mispricing. analysts were critical of the company not having a new camera out for the holiday season. that's another executional issue. how many times do they get a pass? >> they need a hero.
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i said i like that phrase they have a date with their ipo price. on valuation though, for a hardware company in a space where sales are impressive, i would not go near shorting this company at this point. >> what is the trade update then? >> i think what you were talking about that move. why did it get cut in half? people knew it wasn't going to be a new product. there is seasonality here. we know there is competition coming on. i think when you think about it, there was a time earlier the stock was trading nine times sales. it was ridiculous. it made no sense. they were talking about content. we all thought that was garbage. here is the thing, mid to low $20s you table a shot. that guy is an interesting guy. he doesn't look so happy right now. >> but you like it. >> apparently. still ahead, solar city shares crashing in the after
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market on a big earnings miss. why there could be more pain to come. you're watching "fast money" on cnbc, first in business worldwide. here is what is coming up. >> what traders are saying about three stocks in particular. chances are, you probably own one of them. we'll explain. plus -- is this man going to drop a bomb on shares of valeant tomorrow? meg tirrell with a special report.
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shares of valeant tumbling after cvs and express scripts said they are backing away from the company. their largest shareholder stepped down after raising concerns about the exposure to the stock. all this is happening after bill ackman plans to hold a conference call tomorrow. meg, what is going on? >> i think i need stock therapy after what's going on. ackman's call is 9:00 a.m.
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from my conversations with people, they aren't expecting any good smoking gun here, in ig to really take from the tables as to what we heard about valeant so far. they expect a detailed presentation to go into why this isn't a fraudulent company. the language everybody is using about what's going on at valeant, what it's not technically illegal. so that's raising concerns about even if it's not technically illegal, is it still kind of on the borderline? that's making people feel uncomfortable. valeant's largest shareholder put out a letter today explaining its investment in valeant saying maybe they shouldn't do everything in legal limits to maximize profit. that's not good for the reputation of the company. this news coming out today that valeant stock down that these pharmacy benefits managers are saying they are not going to work with philidor because it violated the terms of their agreement. this is further throwing down on
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this business practice. this is only 6% of valeant's revenue going through the speciality pharmacy philidor. this is casting a shadow on the rest of the business. you have to wonder why don't they just get out of philidor? >> 6% of revenue going through speciality pharmacies. if express scripts and cvs stepped away completely, what does it mean to that 6%? >> this is probably going toned philidor's ability to do business. if these pharmacy benefits managers aren't paying for drugs that comes through philidor, it's not going to get reimbursed for anything any more. that is effectively potentially ends philidor. others may take similar action. >> you would imagine it has 6% revenue decline into its valuation. >> people are saying this doesn't make sense. 94% of valeant's business is not
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involved here. there are doubts cast by this practice. >> they bought an option in this country for $100 million. on some levels it looks intelligent, right? there are ties here from a monetary perspective are somewhat limited. the question is really, is there a bigger issue with the practice going on here with these speciality pharma names? this company will have a hard time pricing its drugs. >> drugs many, one is a toe nail fungus drug which is a big drug, some of their business flow through philidor. people are telling me that if philidor goes away or runs onto trouble, that could affect jublia. >> that interesting. you think patients would find another way to get their medication? >> the reason people use things like philidor because patients had trouble with their co-pay. maybe their co-pays are expensive.
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pharmacy benefits managers are trying to persuade them to use cheaper drugs first. >> i don't find toe nail fungus funny at all. >> i'm sure it's a serious issue. >> he's got a problem with feet, by the way. everybody knows that. >> let's get away from that. fund directors' role is not necessarily to have a call on underlying fact. >> so crazy they stepped down, right? >> they could be stepping down for a number of reasons, but to the because valeant is a bad investment. if they believe that the underlying fund managers have gone over a concentration limit or things that might have something to do with the governance of the fund, they are not going to make a call whether this is a bad investment because the speciality drug pricing has gone bad. we need to be careful how we process that information. >> i believe in that.
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when allergan news came out, they tried to bring up issues coming to fruition now. allergan was ahead of this. if you're trading the stock here, you're flipping the coin. investment might be fine, but to trade a short term, i think it's a fool's errand. allergan, i think there are a few more chapters in this story. >> one thing ackman will have this call. when he's done calls in the past, it hasn't gone to his favor. he had one of the biggest short squeezes a couple of years ago. he's got millions of reasons to defend the stock. >> we had a lot of hedge fund managers defend the positions of late. people don't believe them after the big declines we've seen. when ackman bought more valeant, the stock didn't respond. it's not like he will come on -- >> extremely binary when it comes to valeant. the take away is to play ibb. gave up a lot of its year-to-date gains. look at the 20-day moving average which is a momentum indicator, it's well above that.
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i would buy that before i play a single stock-specific story. >> valeant isn't it in the ibb. >> thank you, meg tirrell. the three big cap stocks flashing serious warning signs to the market. >> a solar stock meltdown. solar city falling hard after reporting a wider than expected loss. what it could mean for the rest of the beatendown solar space.
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welcome back to "fast money." one of the worst-performing stocks could be on the verge of a major turnaround. what it is and how you can profit. big oil on deck. what exxon and chevron could say about the next leg of the energy space. traders warning there could be trouble for three names in particular. they've good night one thing in common. >> even as the stock market tracks its best month in four years, experts say we could be entering dangerous territory. the so-called relative strength index with the s&p 500 hitting its highest level since december 2014 this week. now, the new tool technicians
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use to check whether stocks are overbought or oversold. it could mean the market is vulnerable to a pullback. which names are poised to get hurt the most? using the tool kensho, facebook, southwest and level 3 communications has some of the highest rsi readings in the market. each of these companies are up more than 20% the last month. how bad can it get for these stocks? research shows they could fall back to their 50-day moving averages and if you look at facebook as an camp, that's more than an 11% drop from current levels. you can find all this and more on cnbc pro. >> thank you. what do you think of these stocks? >> i think facebook is overbought for a reason. the s&p is more overbought than it's been since november 2014. that rsi to me is the more important one. this market has come too far, too fast. facebook in a relative sense is doing what it should be doing. >> a big thing to remember with
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rsis, you can work them all, too. we've seen stocks work off an rsi with time, price, sideways motion. you can see they overbought for significant amount of time without having that dramatic sell-off. if you like the stock and you believe it in, it's always prudent to shave a little bit off it if you have earnings on the stock already. don't be frightened just by the rsi. >> i've been atrocious on facebook. this stock rallied this month 20% here. it's off the charts. it's overbought. here's the thing. this is how i trade these things. when you have a story that's working for a reason then it pulls back to that prior breakout level, that would be right near that 50 day that kensho is telling us in the mid $90s. that's where you want to take a shot. it's up 20%. >> level 3 went from $42 to $52. it's not a crazy valuation. the move was too fast. 50% correction gets you to $47.
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you buy the $47. goldman put on the vix buy list $60 target. buy at $47. gets to $55. two solar stocks with very different moves in the after hours. plunging 18% while first solar soaring 12%. morgan entrepreneur nan at headquarters with the story of both. profits surging due to the sale of its majority stake in its product. stock is up 27% this year. not sunny days for solar city. taking a live in after-hours trading after posting a wider than expected third quarter loss. solar power installer says it plans to focus cutting costs next year. slow growth in installations. >> thank you. add the move in sun power we saw on better than expected earnings. we have the haves and have-notes
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in this sector. >> we had the ceo of solar city on here if you look at the modeling and growth and penetration, all these numbers add up to these guys are in the early innings of an opportunity. i think execution is what it's coming down to now. this is weakness. >> solar city? >> yeah. i think it makes sense. people have been concerned in the solar space. all the financial engineering guys used to raise money. solar city has been doing deals different. this is a company that has been pulled down with some of that news. >> what is the most concerning about guidance, they gave guidance the end of the previous quarter. they ratcheted down at the end of this quarter. when we talked to the ceo, he i had a lot of installation will be pulled lower because of the tax credit. you think the fourth quarter should be a great quarter.
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here we are with guidance lower. >> a lot of these companies don't have visibility with some exceptions. tom warner has been on the show a number of times with sun power. >> feels like it's breaking out. 15 times forward earnings for the big short interests that will continue to get squeezed. spwr breaks out here north of $30. . >> coming up next, starbucks one of the hottest stocks in the nasdaq falling after hours. comp out of asia sent the stock lower. a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive?
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starbucks falling in the after hours session. call is halfway through. morgan brennan has been all over the story. >> the starbucks call very much under way. looking for a lot of comments but howard schultz calling the performance outstand buying every metric. speaking to concerns over a store saturation in the u.s. specifically. says the data supports that nothing could be further from the truth. that the newest class of stores performing at their highest levels in the company's history.
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express stores are succeeding without cannibalization of existing stores. the payment app rolled out last month, mobile payments are 21% of all u.s. transactions. >> although we only completed the rollout of mobile order and pay across our system, 7,500 u.s. company-owned store portfolio in september, we were already operating at a run rate of over 5 million transactions per month. that figure, believe it or not, it growing by the hour. >> the mobile app emerged as a profit driver with more partnerships like the ones announced in spotify, "new york times," expected to help monetize. the loyalty program continues to grow. 20 million members globally. cold brew coffee, other iced beverages grew 20%. the seasonal drinks like pumpkin spice, salted caramel performed well ahead of expectations.
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with plans to expand the brand to europe, africa and china/asia markets next year. food revenue grew 19% in the quarter. breakfast sandwiches doubled in size from three years ago and the lunch program is accelerating. we'll jump back on this call to see what else they have to say. >> guy was raving about the toasted graham latte. has schultz addressed the short call in china? >> i think they are just addressing that right now. i'll flag anything that would be of interest to you guys. >> thank you, morgan brennan. peter saleh joins us. great to have you with us. how concerning is the shortfall in the asia pacific comps, given the valuation would be predicated on this notion there
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is growth and tremendous growth in that region? >> i guess it's probably why the only holes to poke in this story for this quarter, but i will remind you that it is a 6% comp and it's all traffic driven. while it is below what is expected, it's still all traffic driven. it's not driven by price or check. it's transaction growth. i think a small hole to poke in the story. other than that, i thought it was a pretty fine result. >> i'm long the stock. i love the results. i do thing there are concerns, not just about valuation but the real estate costs, labor costs. are you worried about margins in the states? their real estate costs have gone sky high. labor is an issue for a company very fair to its labor. >> sure. definitely concerned about labor costs rising. we are seeing it across the entire space. lots of restaurants complaining about labor. what starbucks has been saying for years and they reiterated on this call, where they are seeing labor turnover declining because
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they are taking care of their partners better, they are seeing the strongest same-store sales numbers in the system. in our view, when labor turnover declines, if you pay your people, you take care of them, your same-store sales benefit. we are concerned about all these inflationary pressures, but when you're putting up 9% same-store sales in the u.s., that covers a lot of those issues. >> back to that china comp. did consensus get too high with that 9.6% expectation? when you see missed expectations like this, is it a one-time event? can it be a one-time event or likely to see it decelerate over a multiquarter period? >> let's wait to see what they say when questioned about it on the call which is probably happening right about now. it's traffic driven, maybe
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consensus number was high. all traffic, 6% traffic not a bad number. i would be more concerned if they told us this was 3% traffic and 3% check. >> we'll let you jump back on that call, thank you, peter. it's quite a turnaround from the after-hour session from the lows to what it is now down, down 1%. >> if it can recapture $62 this quarter which was a solid quarter, not a great quarter, i think it tells you everything you need to know in terms of what the stock wants to do. people try to press it early when it pushed down towards $60. here we are $62. above $62, the stock makes a new all-time high. >> it will be interesting to see on the conference call what they say about holiday traffic. that had been an issue in the past about mall traffic and what they are anticipating in terms of the consumer. >> if you see the seasonal
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drinks, it's only going to get stronger going forward. if you look, the market this size, the clear leader is starbucks. if you get a chance to buy it at any dip, still buy starbucks. >> i'm not trying to get macho, it's not my thing. if you are a dude ordering a toasted anything other than a bagel, i've got to rethink it. >> bagel should not be toasted. >> excellent point by you. >> you are not buying it here. that's the thing. when you talk about this -- >> if i still hold it today, i'm effectively buying it. >> you are raising your stop. the reason i asked peter about the comp in china is sentiment is very much part of this story. it's concentrated as far as coffee in the potential growth overseas. to me, i wonder, is there anything about the valuation.
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that's what you should be thinking with with the stock back at all-time highs. >> i think there are china comps and they proved to be a volatile data series. when i look at their growth there, a proportion of their total revenue, these guys have so much more to grow in china than yum does. i'm not that worried about it. >> p.m. electronic arts down more than 2% in the after-hours session. that's right. electronic arts, one of the losers in after-hours trade. this despite second quarter earnings beating expectations. we have a look at new sports games titles. the video game maker did issue light full year revenue guidance while its outlook came in strong as it is prepared to release the new "star wars" game this holiday season. outperformers nearly 16%. one of the fourth best
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performing stocks on the s&p this year. >> thank you very much. beat second quarter 20% eps and raised guidance 4 cents which is taking down full year guidance. this means the stock probably trades lower from here. it's been a monster name. it made an all-time high or 52-week high today. >> you've got to let it pull back. >> up next, it may be down 40% this year, but traders believe the turnaround for this big supermarket stock.
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manylele coming in guidance. >> think are coming in a season where the boots come into fashion like tim likes to wear those very furry boots. for me, i think it could be potential takeout story, as well. there's a couple of names or one name in particular that i think could take out deckers. i'm staying in the name. >> what company would take out deckers? >> bf corp? >> interesting. moving on here. tomorrow morning exxon and chevron set to report third quarter earnings. it's time to take your position. grasso will kick it off with you. buy, sell or hold? chevron. >> for me, i would still be a seller here. the stock is down 19% year-to-date. i need to see oil stabilizing. i have no reason to believe oil is stabilizing yet. the good side is that it's not really totally dependent on oil moves. i think to move substantively higher, you need oil to bottom. >> steve talked about trade versus investment.
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absolutely own it here. oil prices have not only bottomed, but energy shares put their bottom in not just august 24th, but maybe earlier. chevron, absolutely over exxon. some production growth. much more efficient on their refining. a better play for an investment, not necessarily trade. >> you so did would you rather. you said over exxon. >> i play the game the right way. i would say sell exxon. it's not cheap on valuation. it's gone from $67 to $82 in three weeks. nothing has fundamentally changed this quarter from last quarter in terms of the price of crude oil. i can't begin to think what they will say to get this stock higher. not that this is -- i don't think this is a big deal but at 4:00 this afternoon, hillary clinton asked the department of justice to investigate exxonmobil about climate change and some of the data they may or
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may not have given out. that is not a good headline. whole foods shares spike more than 4.5% before quickly retreating. >> there is takeover rumor. the stock was up almost 5% in a straight line shortly after 1:00 p.m. call volume exploded. three times average daily volume. call options expire friday. that is a sense guys are chasing rumor. at 1:17, a trader bought 1,000 of the november 35 calls when the stock was $30.75. up 16% on november expiration. the company reports next week november 4th. seems about fair here given the rumor this is that one day move if you look at it here. it spiked up then quickly sold off here. people just don't buy it. this is really important though. this is the one-year chart.
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look at the steady down trend. it has all these gaps from earnings misses and guides down. why you may want to use options, this is the ten-year chart here. this $30 level that it's sitting on is really important here. you see these gaps. night a down trend. some people may call this a triangular of what? triangle of death. it's interesting. this is going lower. there is no support until about $20. that being said, we are in a market where everybody is getting taken out or considering merging. you could have the stock back up at $40 quickly on a beat and raise. i think it makes sense to use options if you've got them. >> we like whole foods. >> this is triangle of death, be careful with it going into halloween. scary stuff. november 4th, there is a big enough short issue. you good et a bounce into earnings and sell it if it gets to $33.
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buy here and sell at $33. we used to call it buy it and sell the doubles. >> the price value perception for these guys is still worse than some of their competitors. this has been out there a long time. the comps go negative. it don't think it's time to get back into this one. the triangle of death, that's thanksgiving -- >> halloween. >> scary any time of year. for more options action, check out the show 5:30 tomorrow. the ceo of avnet is sharing his take on techs. much more on "mad money." (vo) what does the world run on?
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it runs on optimism. it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to invest... ...in this big, bold, beautiful world. in panama, which is a city of roughly 2 million people, we are having 5,000 new cars being sold every month. this is a very big problem for us
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with respect to fast and efficient transportation. it's kind of a losing proposition to keep going this way. we are trying to tackle the problem with several different modes. one of them is the brand new metro. we had a modest forecast: 110,000 passengers per day in the first line. we are already over 200,000. our collaboration with citi has been very important from the very beginning. citi was our biggest supporter and our only private bank. we are not only being efficient in the way we are moving people now, we are also more amicable to the environment. people have more time for the family and it's been one of the most rewarding experiences to hear people saying: "the metro has really changed my life."
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giant pandas live 12, 13 years. it's a miracle considering she is 130 years old in panda years. >> looks like a sheep or something. >> i love pandas. that was my favorite stuffed animal growing up. >> still to this day your favorite. >> that's right. my favorite stuffed animal. >> tmi. >> david tepper will be on our air tomorrow 8:00 a.m. eastern time in a cnbc exclusive interview. >> time for the final trade. >> you have to look for a spot to get into starbucks. you could see pullback, not much. good quarter. high mid teens. all going up. >> dupont. seemed like nelson peltz lost a proxy. it popped dramatically since then. it bottomed and is up 35% since it bottomed out. tremendous up side. >> don't chase your favorite semi stocks here.
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i think you sell it here. look to kensho's 50-day moving average. that is about 5002. >> welcome back, sister. this allergan story ain't over. 5:00. "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. my job is 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 isn't just to entertain but to educate and teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. how do you price in disappointment? how does the market decide whether some co
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