advice to make them more successful. tune back in to "closing bell" for a whole wrap-up for you. "fast money" begins right now. thank you, kelly. "fast money" does start right now. live from the nasdaq market site overlook new york city's times square. >> valeant plunging. kate kelly with a special report. the apple rumor mill kicking into high gear from reports to sky high apple watch sales. we are separating faction from fiction. china may be back in a mull market but there is worrisome signs hiding beneath the surface that could spell trouble for the

rally. to the big story right now, that is disney. beating earnings, but it's a conference call. any update on core cutting investors will focus on. ceo bob igor spoke with julia boa >> igor raised concerns about the health of the tv bundle and lowered expectations for espn which sparked and industry-wide sell-off. >> the fact remains the industry did lose subs in the last year. is that a reason for panic? absolutely not. people still love television. they still love espn and they love live sports. we are in an environment today where there's never been a greater demand for our brands and our content. >> igor talked in detail.

the changes he is seeing in consumer demands and media environment saying he is seeing growing competition from platforms that offer more mobility and prompting disney to go direct to consumers. >> generally speaking, as we look at the media environment, the opportunities we have today to distribute our product and reach more people are greater than we've seen before. the appetite for high-quality brand and content has never been more voracious. >> disney does not provide guidance as a rule. geiger did say on the eve of the first "star wars" movie, he is feeling very good about the year ahead. i'll be listening on that call. >> look forward to that, julia boorstin. thank you so much. as you recall in august, there was a conference call earnings report came and went, stock moved slightly. the constant call affected trade

in the after-hours session. >> i'm concerned here. the stock has rallied significantly coming into this earnings. they have to knock it out of the park. they didn't on this. it wasn't horrible. their park revenue was down a little bit. down more than expected. it was still fairly decent. the way the stock has traded into this, if i were a holder of disney, i would be very worried tomorrow and very worried for the conference call. >> it seems like it's easier to be a bear going into this conference call than a bull, given cbs/time warner data points. >> if you look at time warner and cbs, both cable numbers were disastrous, in a word. if you look at disney, the cable numbers are better than expected on the revenue side. table number is the big number. that beat. the question is, does disney deserve a 20 multiple for time warner? my answer is yes they do.

i don't think they are going to say anything as damaging in this conference call as they did last conference call. >> i'm long on the name. if you look at a microcosm where it ran off from the 99 print to where it is now, i would be concerned. if i look backward and see it sell off from $122 to $99, i'm more positive. who else better than disney to get more interface with the end customer? they are pulling $15 billion from parks. who has better exposure to the end customer? who has better content? "star wars" will be the third top grossing movie ever in the history of move-making it. am building a lot on that brand. i'm still long -- i thought about buying more today. i didn't, but i'm long the stock around a $104 mark. >> i think it's a matter of expectation bob iger threw cold

water on the is. there are strong secular shifts going on right now in the way content is being consumed. the numbers they put up on espn shows it's going to be spotty month-to-month. one thing is really important, he was talking about the way consumers are going to get this content. live streaming sports. that is a big thing. netflix said this earlier this week. that is something that is going to keep people, if you're worried about the core cutting and unbundling, they are going to be within bundle. the headline numbers were great. this is really a noisy quarter. though had 14 weeks in this quarter. 13 weeks last year.

it's skewed by that comparison. that threw out some of the models. i think that the thing that matters for this stock is what does "star wars" do come december? this quarter within the headline numbers was just fine. they did $1.20 eps. they had great momentum in cable networks which is core to rebutting the bear concerns. our argument has been since the sell-off in august that when people sit back and take a look, they realize that the cord cutting is not an accelerating, it is a slow grind. they can overcome that with fees and do better than everyone else with advertising. half of the business is in a supercycle with "star wars" and china theme park launch. there is a lot to like and get behind. print is not really the story. >> time warner and cbs trade 12 times forward earnings.

disney may be $21, $22. why are they deserved of that multiple? >> i don't think these stocks trade as much on valuation as they do on confidence. you look at a very low multiple, high multiple at disney. the reason is people are much more confident disney businesses will be around generationally than they are about viacoms. disney makes this favorable. only half is tv. that's more important. it's not a mean reversion of multiples. these have different durabilities. >> thank you for your analysis. more on disney throughout the hour as we get headlines from that conference call. turning to the other big story of the day, fallout over valeant. stock got tanking to the tune of 14%. at one point it was down more than 20%. it wasn't the only stock bill ackman owns that saw pressure today. he is feeling it from all sides. >> he is. it's hard to feel people aren't being scornful of bill ackman

and pushing down his long positions as well as pushing up his famous long position or more likely, they lost confidence in pershing square's touch and say all these names must be a sell except for the short which it herbalife. you saw pressure on a number of names today. herbalife up. the only thing that was unchanged was monolese. there seemed to be a pershing square pushback in the market today. >> if reporting is on point, would indicate bill ackman was backing away from support from mike pearson saying he may have to go. it was the phrasing in the "wall street journal." this sort of rings a bell when you look at ackman and jc penney. after he said he has to go, ackman sold his shares.

>> i had two reactions to that disclosure. if you look at the fine print in the story, bill put it as a theoretical e-mail to the chairman of the board saying if something to the effect of if mike pearson is going to take on a bunker status than communicate and get the message out and acknowledge there was no fraud, which is his belief, he has to go. sort of a theoretical. by the end of the story, ackman is supposedly satisfied with pearson's reaction and the way he communitied with investors. i'm sure the truth is somewhere in between. we know as journalists, oftentimes when it gets to the public domain, the ceo may be under fire. i don't know that's the case here. ackman is not the lead director. >> in these situations, the sentiment is one way here. we can't stop talking about it. doesn't seem to be an incremental buyer. what is the white knight scenario? what can save this story right

now? at the moment, it feels leak a self-fulfilling prophecy. >> not that i'll apologize for valeant, but it does feel like a pile-on selling, psychological effect going on. it's way oversold, unless there is massive fraud. say there was a fraud in the speciality pharma business, this particular business in focus, 6% of net revenue, trying to replace it. it's not comforting to think they overlooked major accounting problems or anything else. they do acquire a lot of companies. it's a lot of leg work to integrate and figure out what's going on with financials at the other companies. if it's endemic to the way valeant runs, it's a problem. glen kor is a totally different business model. you saw the psychological reaction. they are starting to climb back. it may be possible for

management to take these incremental steps to regain trust. >> kate, thank you. here on the desk, we talked about sun edison as well. it's a hedge fund favorite. had a precipitous decline. the common thread is a hedge fund favorite and down a lot, but people didn't know how to evaluate stock but they didn't understand the business model. valeant, the business model changed since the initial investment, in many cases. now they don't know how to value a business where you can't do as much steep drug price hikes. you're not going to do as many acquisitions. you're going to spend more on r&d. >> it has changed. the reason you bought it a year ago is not the reason why you own it today. you might get a pop if you get incremental positive news out of here. they find out there is no fraud. yes. could you get a pop? absolutely. to think the stock is going to

go back up another 50% is far fetched because you have a completely different investor base that needs to come into this before you take out the people who still want to get out of it. >> we take a look at sun edison shares. they floundered. they are around their all-time low at this point of $7 and change. >> there is still more pain in this trade. last time kate was on, we talked about the market will run this guy in. this guy meaning bill ackman. they will ratchet the positions he has against him. that is taking place, that is manifesting itself. it's darwinism at its peak. owe is the short stack at the poker table. they will play until he has no more chips. that is exactly what you're seeing. >> fascinating story. again, kate, thank you. up next, could the iphone 7 be coming to a store near you? rumors are swirling. we'll explain. two biotech stocks could see a bonanza or bloodbath.

facebook is now worth more than general electric. is it a better buy for your portfolio? how to play the changing of the guard in the markets. can a business have a mind?

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welcome back to "fast money." a strong report from shake shack sending the stock higher after hours. impressive same-store sales of 17.1% in the quarter. its average weekly sales increased. . the stock is up after hours by 7%. since its ipo in january. shake shack, stock performance has been volatile. it's fallen nearly 50% from its highs hit back in may. >> seema, thank you. the knock on this stock, of course, is valuation. >> this market demonstrated some growth story valuation doesn't matter. it matters what investors think about what the runway is. these guys are opening more stores. they have a great product. they have great management. i think this is one of those ones where you can say i can own this pecktive thing. it's a ridiculous multiple in

sales. >> why take that risk with such a volatile stock? it's now 54%. >> it settled down now the last time we spoke about it was in the low 40s. i said you own it using a $40 stock. you don't want to chase it at $55 in the after market. it's got good support down to $40. >> moving on to apple. a slew of rumors hitting the street. the company will not confirm official sales figures for the apple watch. a research firm confirms apple shipped 7 million watches since introduction this spring. no other smart watch brand managed more than 300,000. several reports saying apple is considering an earlier than usual launch for the iphone 7 in 2016. we should note that apple has used the month of september to introduce new phones for the past four years. this would be a departure. >> apple sounded convincing bounce off its recent lows. i'm not going to get caught up in the iphone sales. it's dependent on that.

it's 60% of sales and revenue. for me, i'm long the name. i think as long as it stays steady eddie at these prices, i think it will move sideways to higher. i'm not looking for it to be that stock for shareholders. >> it's up 13% the past month? >> it's done well. it's hard to knock apple. everybody loves their product. i would say there are some cracks out there. i see these commercials they are talking about what changed with the iphone 6s. there is nothing. i got the phone. it's okay. that's a little concerning. i wouldn'ting buying it here. >> i've got to stay with it. we talked about the fact it had a $92 day august 24th. now it's starting to catch up where it was. it goes back to that $130 level it meandered at most of the

summer. >> what about fitbit? you're long. >> you guys are shake shack. >> i'd rather use my fitbit as i'm walking to shake shack. >> are you concerned that the sales of the apple watch are finally going to bite into fitbit sales? >> i think that was the general consensus when fitbit first came out. i think that has proven not to be the case. i think fitbit carved out its own niche at this point. it's more of a fitness watch versus the apple. >> you know where the niche is? between your socks and underwear and your top drawer. no one is using these things. >> fitbit they are using. they have great growth. enterprise is the sweet spot. i'm not being truly combative with you. >> he was being xative making that face. >> it's okay. that's his face. he can't help it. i don't think apple is going to

steal their thunder. >> i have the apple watch for a while. it was a great for starter wearables. i thick for those looking for innovation at apple, i think this next generation of the watch that hopefully comes at some point in the spring or summer, that's the opportunity for them to showcase how this device is going to be part of your life forever. the way the smart phone has become. to me, i think apple probably has a mid year opportunity into possibly early release phone. it's trading at ten times, you know what i mean? 7% expected growth. between now and then, i'm with guy. i think the stock will be rangebound between $110 and $130. >> you should have stuck with shake shack. >> still ahead, having the worst day since the tech bubble burst. how traders are protecting. you're watching "fast money" on cnbc. here is what else is coming. the innocent die. >> a major blood conference next week could make or break the

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a major blood conference as investors are seeing red. disappointing data results and time for serious stock therapy with resident stock therapist meg tirrell. >> these data we are in gene therapy for two blood diseases. bluebird bio. closing down 22%. what came out is data said that dropped ahead of this conference call ash being held in december. what it showed was, their gene therapy looks like it cured

about 2/3 of the patient, six patients. 2/3 it could cure them having blood transfusions. there are certain patients with mutations where it doesn't look like they will be trans fusion-free. maybe they'll have fewer blood transfusions. people are saying we thought this was perfect. this was going to cure everyone. that's why the stock fell. i spoke with the ceo today. he was just like, wait a minute. take a step back here. we are potentially curing people, if this plays out. it's a very early stage trial. we are going to see more data in december. we are going to see, more importantly, more data next year. it's very interesting to see his reaction. people were saying this has to be perfect or we are going to sell off. that's what happened with bluebird. one other stock that works in blood. they have data coming up this weekend. they've been testing their drugs in blood cancers. it's agios.

a different data set on sunday analysts are looking forward to seeing. potential move for agios monday. >> bluebird was $197 stock in may. this might have been the final piece, the final chapter of people pushing this to the down side. traded eight times normal volume today. not saying it can't go lower, but don't get much below the levels we saw prior. it was a $40 stock. i don't think we are getting back there. you might have seen selling today. kite therapeutics has done well. bluebird might be worth the shot. >> kite pharma is up 24% year-to-date. juno down approximately 2% year-to-date. it seems like the winner in the total space. i can't figure out exactly why, but it seems like you cannot knock this stock down for long. be careful, but kite pharma seems to be a little bulletproof. >> what are analysts saying

about bluebird? >> analysts are very supportive of the data. this disconnect what's happening with the stock and what analysts are saying is something i'm trying to figure out. >> thank you, meg tirrell. we'll hear from bob iger after this. 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

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."

welcome back to "fast money." here is what's coming up the second half of the show. china stocks surging. why one asset class can't confirm the china bull market. >> it's not just disney dominating the headlines. a slew of after-hour movers from monster to trip advisor. breaking down all the after-hours action. >> a massive move in facebook. mark cap surging over the $300 billion mark, eclipsing old guard industrial plays like general electric. here to break down the broader theme about the difference between the new and old guard giants is dom chu. >> that's right. it's a huge milestone. almost like a changing of the guard. facebook overtaking general electric, one of the most iconic names in american business history. we want to throw out a

comparison. it's a rough one to illustrate this idea there is a new economy or old economy type movement here. we want to look at general electric. it's a stock, a company worth about $297 billion. they've got, according to ge itself about 350,000 employees. roughly you're talking about 850,000 in market cap generated by each employee. you look at perhaps facebook in contrast with that. a market cap now over $300 billion. it's got about 12,000 employees per facebook, which means their market cap for employees is about $25.5 million. this is not exactly an apples to apples comparison. more to illustrate a broader theme about new world/old world economies. ge has a capital-intensive business structure. they use contractors and have a lot of products. service economy based on facebook. a different comparison.

wanted to show the relative market size. >> interesting stuff. thank you, dom chu. let's trade facebook and ge. i feel at one point you said ge would be a play for the long term? >> one thing interesting about that comparison between facebook and ge, we've seen this before. this is 1999 and 2000 all over again. could you have run that clip from back then. it's going to continue to go right now. i want to mange the point earlier in the week, he is long this growth and short stocks managing their earnings growth. as long as the big money continues to feel that way, there is no reason to sell your facebook. i've been totally wrong on it. it's a dangerous set-up because it's so concentrated. >> marketplace favorites. facebook up 40%. they haven't monetized instagram, haven't monetized vr. they have a lot of good things going for it. a lot of positive outlook in the

future. i think you stay with facebook. >> i tell you, mark my words. in ten years, the best trade you could put on is buy ge and sell facebook. we've seen this movie a million times. >> ten years. >> buy ge, sell facebook, put it in your drawer. ten years come back and thank me. >> what about this pair drawer trade? >> you might not remember putting this trade on. but seriously. >> i'm not knocking facebook. the fact facebook has a larger -- >> what happens if you bought ge ten years ago? >> i'm not saying then. i'm saying today. >> don't be offensive. >> from this point on is what he is saying. >> that's my point. >> ge is finally getting back to doing what ge did a long time when it was a great company. they rid themselves of financial products. becoming more like honeywell which they should have done 10 years ago, frankly. they will start to grow in the multiple they deserved all along.

i'm in the bk camp here, oddly enough. five years from now we might not be talking about facebook every show like we do now. >> think of all the stocks we talked about five years ago that we don't talk about today. >> now back to julia boorstin. the disney call is officially halfway through. let's check in now. >> the q&a portion started moments ago. questions have been very much focused on the health of the tv bundle. iger says they are seeing some attrition for large bundle subscribers. they are also saying it seems possible young people aren't signing up for tv as quickly as they once did. he said that points to issues with cost as well as user experience. iger says he sees this as a glass half full situation. saying they are looking at a number of new opportunities to distribute new content. he referred to a deal they made

with sony view to distribute there. they said the more the merrier. they want to work with everyone. he focused his comments at the top of the call on the opportunity and changing media landscape. he pointed to disney light, launching this fall in the uk, as a sign where he sees disney going. >> consumers now dictate where they want to access media. it's essential for legacy distributors to crack the mobile code. demand for great content is stronger than ever, but consumers are demanding a better user experience and they are migrating to platforms and services that deliver it. because of our great brands and franchises, we are uniquely positioned to use new platforms to reach more people. >> on the call, iger and cfo mentioned the company's fiscal fourth quarter benefited from additional week. espn advertising as well as spending for domestic parks

rose. i'll return to the call and let you know if there are any more big headlines. >> has the q&a portion started? >> it was really a lot of questions looking for clarity about espn and health of the bundle, which is where iger brought in commentary about how he said the more the merrier. they are happy to see these different distributeors and happy to make the deal they recently announced with playstation view. they want to get their content out there. because disney content is valuable, because they have these strong specific brands such as marvell, pixar, the disney channel, they see a lot of opportunity even going direct to consumer such as the likes of disney light which is this direct to consumer app launching this fall in the uk. >> thanks so much for the update. all these new platforms is great for disney, okay? i just got the new apple tv. it's a great interface.

you know what it's bad for? bad for netflix. that is the one thing people were using to access a lot of this content. it's not bad for netflix now. it's bad for netflix long term. they have 70 million paid subscribers. other than their content and exclusive content from other providers, the catalogs stinks. it's going to be an app-centric world. disney will benefit. netflix loses. >> you're saying more owners will go direct to consumer and bypass the intermediatery which is netflix? >> yeah. i thought it was bad for netflix when hbo said they would go over the top. it hasn't happened yet. i do think ultimately competition to netflix is going to be a problem. short term though, i would not buy disney here. it's going to be lumpy as they figure out this transition. i would not bet against necessarily bob iger. while they figure it out, it will be a lumpy trade.

>> interesting the stock is not moving so much on the call. >> i think that is a testament to it's already in the name. all the bad news and worry are already in the name. with the skinny bundle, the shocker would be the most unconsensus thing, they are going to make larger margins on the skinny bundle than they would be as far as getting hurt by the core bundle. both china and the u.s. may be in rally mode. could the good news be derailed by tomorrow's jobs report? >> big earnings and big moves tonight. all the trades on all the big after-hours action.

welcome back to "fast money." china is officially back in a bull market. cnbc's seema is back at headquarters. >> if you look at the economic data, it's still bad. manufacturing is slowing down. not to mention growth. deflation is a big concern. we've seen this massive accumulation of debt.

there is an underlying thought of investors that the people's bank of china is here to stay and will continue to pump liquidity into the market and these fiscal and monetary measures will feed through to the economy. that held the stock market rally 20% from recent lows. the tech-heavy shenzhen market rebounding. keep in mind, a whole slew of data out next week on trade, inflation and credit growth. that could change the direction of the markets or give us perhaps more indication whether the chinese central bank will continue to deliver more stimulus. >> the thing we should point out about this china rally is that this has happened a few times this year, bear markets happened a few times this year. >> the only other asset more volatile than china is bitcoin. it's crazy. it's not because -- partly because of the central bank.

in terms of the chinese market, they made it illegal to sell. you can't sell. if you do buy something, you have to hold it for five years. i would not look at the a-shares as an indication whether or not china is doing well. i would look more at the currency. the biggest concern with china is a flight of capital from them. that is where you want to look at. >> flight of capital, that's already happening. there is a figure goldman sachs since the china de-val, $200 billion u.s. dollars have come out of china. >> funny you're calling it a bull market. i get it 20%. >> technically a bull market. >> it's a bear market rally. that's what's going on people. it's in a massive down trend. it's the most manipulated market in the world. it held 3,000 like a boss there. i think you'll see a break the next few months and everything will hit the fan. >> china shares are in rally mode. why aren't the charts confirming it when you look at the commodities?

carter is breaking it down. >> we'll look at that and talk about that definition of bull or beware. it's very much used and misused. here we have the shanghai versus commodities. the overshoot in stocks. at some point they started to pull the commodities higher this. time when the shanghai rallied, the commodity indexes continued to go lower. i want to focus on this moment right here, 2011, where commodities peaked and started to go down. in this next chart, this is the point in 2010/2011 where commodities peaked. from here forward, we are still very much in a down trend. there is no indication this is over. so long as commodities aren't coming up, it looks to my eye that the rally in stocks is not sustainable. i want to talk about the long term picture of commodities. there is an analog here. from 1970 to 1980, ten years, we

advance 250%, 36 quarters, it was nine years actually, yes? from 2000 to 2010, 10 years, 9 1/2, we advance 275. we drop 42% in a five-year period and dropped exactly 43%. if this analog were to play out, if we just get a bunch of this for a long time, which is the deflationary world we are in, we can easily have this. that does not mean chinese stocks go up. i think they languish. here is the tradeable index. we have a boom, a bust and echo. after a boom, bust, echo, you get all this chop. a lot of these are 20% advances and declines. those aren't bull and bear markets. that's just the chop following a boom, bust and echo. here we are up 20% off the low. this is just all nothing.

there is no trade. if one wants to make a trade, i would be short this. commodities are suggesting that something isn't right. >> carter, to be clear, the continuous commodities index, is most of that accrued? >> it has a heavy weighting in fuel. it's got everything, corn, soybeans, tin and lumber. >> thank you. >> thank you. >> we have the jobs report tomorrow. we have to ask, could this derail the rally? could this be another data point on top of what's going on globally? >> what carter is talking about with commodities, part is due to the strong dollar. if we get a strong jobs report, you'll see the dollar take off. the concern is what's that going to do to u.s. multinationals? given the way the market has traded over the last month or so on the idea that the fed was a little bit more dovish, that's how we started this rally, if

you get a strong jobs report and strong dollar, i would expect the market to sell-off. >> basically, the fed, if it's more clear the fed will raise rates december, we get a market sell-off? >> yes. >> i'm keying in on the number 175. 175 does not give breathing room to still be dovish. they forced their hand for december. you look year end. maybe a little bit of illiquid market. if they are forced to raise rates, we do slide down sooner than later. you have to look at point of references though. it was bullish to have that weak number at 1867. it's bearish to have it now. >> interesting, right? september numbers were awful job numbers. august revision was worse if you recall the knee-jerk, markets sold off and we had a huge rally the entire day and haven't looked back since. tomorrow could be a situation where maybe bad news is bad and good news is bad.

could happen. think about the run the markets had. 1870 in the s&p. >> on the notion a hike is postponed probably beyond december? >> i don't know what is a good number. i'm not quite sure what happens on either side of that number. >> what do you think? >> if they have the third consecutive number, that means the stuff going on, the weak global growth has been imported here. the fed doesn't do anything. i can't tell what you the market's going to do. i tend to be in the camp bad news is bad news for the stock market after the rally we had. we are all in agreement. >> which stocks do you think get sold off? the ones that gained the most in the past since september? >> i think the ones that gained the most in september probably yes. i can't tell what you those are. i think a lot of them, you had strength in certain semiconductors, strength in some of the banks. >> you had a lot of materials. >> a lot of materials. if you see a stronger dollar, freeport-mcmoran, which had a good run down big today. you might see a continuation of the down side.

>> up next, a brutal day for qualcomm falling more than 15%. how traders are protecting themselves further losses. whether there could be more pain ahead in the chip space.

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trip advisor stock sinking after hours. posting weaker than expected profit growth. you can see the stock is moving down right now about 7%. you did see expenses continue to soar compared to last year. average monthly unique visitors growing 23%. >> monster beverage, the stock surging after hours. the energy drink player reporting stronger than expected third quarter earnings and sales as progress with its international coca-cola partnerships in europe. europe was a bright spot as the company continues to see further improvement on the distribution front. stock up 7.4% after hours. nvidia higher after hours. third quarter beating on top and bottom line.

it also forecasts fourth quarter revenue above estimates. keep in mind the stock has been an outperformer up about 51% this year. lastly, weight watchers adding some points on after hours. earnings beat. it upped its guidance even though oprah winfrey's stake increased the amount of shares. stock is a winner up 16.66%. >> thank you. steve grasso, nvidia. >> i feel weird calling it best in breed. it's got a specialized chip function. it's the 3-d chips, this outperformance cannot be ignored. you look at the space and it crushes it. you stay with nvidia. it's telling you there's a lot of rosie colored skies coming forward. >> it's good. >> good skies. >> trip advisor. we saw this in july. the stock reported earnings. stock down 12% after hours. it then recovered.

we are seeing another big sell-off. you don't have to buy trip tomorrow. i think if it gets to $75, which is likely to do, you buy it on a huge volume day, which we probably will see over the next two or three sessions. >> where would you go in this smorgasbord of after hours? >> nvidia has done so well. there was massive call-buying on nvidia. all day long. people see more up side. this is one in a space that has so much consolidation and stayed independent and done well on its own right. >> for me, i go back to trip advisor. >> go back. >> if we can fill that gap here, and we do get one of those capitulation days guy talks about, trip advisor's safe. it's going to take a couple of days. switching gears to another chip maker. shares of qualcomm fell making it the worst day of the stock since the tech bubble. you say today's move had the

options market buzzing. >> stock was down 15%. made a new 52-week low and down 30% on the year. this is for a company that has probably 30% of their market cap in cash. semiconductors seem to be pairing up aggressively. i suspect qualcomm is going to have to buy somebody or get bought. it's a large company with a $76 million market cap. it was 1 1/2 times data puts. total options volume was seven times average daily volume. there was one trade caught my eye when the stock was $52 today. a trader sold 10,000 of the january 57.5 calls. it cost them $1.30. i suspect that is a defensive collar against a million shares of stock. looking out to january protection giving january expiration giving protection below $48.70.

let's see why they probably chose that strike here. here's the two-year chart. you can see that $50 is a huge level here. the stock actually went through that today. here it is. this is on a ten-year basis here. here is a company that is misexecuting. people are not recognizing their value. they've been left out of the m&a game here. maybe this trader is long this stock, almost a 4% dividend yield, maybe they want protection below a key support level. >> thanks for that, dan. check out the full show tomorrow at 5:30 p.m. time. >> traders will tell what you they are watching for tomorrow. 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. at ally bank no branches equalsit's a fact.. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. did we just, start looking for a house? oh did you see that listing on zillow i sent you. you see that bathroom?

did we just decide to buy house? i think so. yay! find your way home. zillow. hi watson. annabelle, your birthday is tomorrow. 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. the data your doctor shared shows you are healthy. are you a doctor? no. i help doctors identify cancer treatments. i want to be a doctor someday.

i can help with that too. watson, i like you. money." bid for a chance to watch us here live at the nasdaq market site as we do our show. log on to charitybuzz.com to support the wonderful lulu and leo fund. if things can stabilize here, time warner is down 10%. got a six handle on it now. $66. >> dupont, 36% off the bottom, it's going higher. >> tomorrow go on the line and

sell facebook. time to take profit. >> sell the facebook. >> lgf on the back of earnings today. >> i'm melissa lee. thanks for watching. see you back here tomorrow at 5:00 for more 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 crameria. other people want to make friends i'm trying to save you money. call me 1-800-743-cnbc or tweet me @jimcramer. fang! fang lives!