>> i like the guy that said chipotle was a buy because -- >> that was good. >> mathis, i think. he was 69 on the broncos. >> he shares my first name. so there could be something. could be something there. >> thank you very much, mike as well. >> can enjoy the super bowl. >> "closing bell." "fast money" begins right now. happy friday. "fast money" does start right now. live from the nasdaq marketsite overlooking new york city's times square, i'm melissa lee. your traders on the decemberric steve grasso, david seaberg, brian kelly and guy adami. the s&p is just points away from doing something very, very bad. we'll lay out what that is and why it could happen as early as next week. and looking for a place to hide out? we may have found the perfect stock. it was up today and up more than 9% this year. we'll tell you the name and how you can profit. plus take a look at this chart. lionsgate. the company responsible for the

hunger games series falling to the tune of 28% today after the company made some comments on its earnings call. we'll tell you what scared investors and ask the vice chairman of the company about it in an exclusive interview. but first, we start off with another brute'll day for stocks and it was simply -- it was all bad. stocks closing at the lows of the session. the dow and s&p 500 seeing more than 1% losses. and tech was the hardest hit. the nasdaq falling 3%. amazon and facebook among the biggest losers there. but here's what was different about the carnage today. stocks that had held up well were hit particularly hard. check out nike, home depot, and starbucks all making multimonth lows. so are we seeing an unraveling of the market? guy. >> well, people are going to hate me. yes. you're seeing an unraveling because now quality stocks, stocks that have been impervious to moves are now becoming -- they're getting caught up in this down draft. so to answer your question, yes, you're seeing an unraveling of the market. for example, we were bullish at google into earnings. we were bullish google after they reported.

when that stock was trading 810 in the after-market i know i said stay with it, it's going higher. that stock now has a 6 handle on it. think about that. dan, by the way, was spot on. he said you absolutely have to fade this. and i'm sure b.k. had similar feelings. but with that said, there's something structurally clearly going on with names like that. so is the market unraveling? i hate to say it, yes's it is. where do we go to test? the level is 1780 in the s&p. that puts you right up against the moving average and the trend line. >> no surprise, we also saw declines in oil today. >> right. we talked about it all week when we had these big rallies, is that the sign of a bottom? and what we were saying is this is really a sign of derisking because what you saw is some of the big crowded trades get unwound. so the fang stocks get unwound. you saw it in the currency markets with the long dollar got unwound. today, though, was a little bit different because the jobs report was actually pretty good. people are going to wake up and go, what happened? we had low unemployment, good number yet wall street fell apart.

and the reason why is because it all comes back to the u.s. dollar. what that means is that the fed is going to likely -- or at least the jobs number makes it more likely that the fed's going to raise rates. that makes the dollar stronger, which makes it harder for companies like nike and starbucks to operate overseas. and that's why you saw those names today fall apart on what looked like actually pretty good economic news. >> yeah, look. it's indiscriminate selling. no question about it. in general when you walked in today, the narrative walking in was massively dovish. that story turned a little bit. once you saw the jobs numbers come out. linkedin blew up. massively crowded trade. and tableau blew up. these are darling growth names. they get totally dismantled. people are going to lose jobs over this. you're seeing massive derisking. and the best ideas in portfolios, they don't stay at the bottom, they go to the biggest funds. the biggest funds within those portfolios own those names. massive derisking. it stairs the heck out of people. and i tell you what, they're

forcing sales here. >> do you agree with that mentality, though? >> i look at it and say this is creating -- and i think guy really allude to it. this is creating opportunity. when you see dislocation in names like google, a name like facebook, clearly we got the earnings release of these companies. there's not an issue with growth. google's growing at 20% clip for the next two years. i don't see the issue with that -- >> what you touched on is important. if you look at a name like linkedin, amazon or netflix, these are high multiple stocks. these are highly valuated stocks. it forces a revaluation of everything. not just the high growth that david talks about. it forces the revaluation of all the standard valued stocks. it forces the revaluation of s&p. is it worth 15 times or 13 times? >> because netflix is so -- >> everything's related. so if netflix gets that premium to whatever the okay or acceptable value is, you have to revalue everything. >> it becomes indiscriminate at times.

>> dislocation of the -- >> this is about oil, this is about the dollar. this is about no growth. but when you start to look at a day like today, when you say what was different today, than yesterday, you have to look at linkedin just blew up. if you have a guy that can't take 70 times trading it affects everything. so if things are fairly valued here they all come in to the same degree. >> it puked. it's just puking. it's job security in these scenarios. how can you say when you look at a google, facebook, great numbers. they got sold as well. what does that tell somebody that owns a company that's yet to report? it says i can't take the risk of being long these names, i'm out. >> what i'm saying -- that may be the panic move but the reason why people are getting out of this is because the global economy is slowing down and the earnings power is not going to be there. >> the growth is sucked out of the balloon. >> they're going to reevaluate these stories. i promise you they're going to look at a google, they're going to reevaluate because this is a

time of panic. things get totally overblown in times when they dislocate markets. >> how are they going to -- google's interesting. there's something going on with google much bigger i think than the broader market. this was an $820 stock after earnings. today was a lousy day in the market but it hasn't been a lousy week. and google has traded really poorly ever since their release. i'm not sure what it is. i've seen on twitter a couple different explanations, none of which i find feasible at this point. but google is its own animal right now. i understand what steve is saying, but i think brian hit the nail on the head. this job report continues to back our federal reserve in a corner. they can't get themselves out of. the numbers suggest they have to raise rates. they absolutely can't raise rates. that's the problem. >> does that mean you think that because of google's move you're more scared about what will happen to the market? >> i'm scared all the -- google seems to be google specific. i can't explain it. i mean, i thought -- listen, dan had it nailed, by the way.

so i didn't see what he saw. but when i saw that release, given the valuation, given what they said, i thought that stock would continue to accelerate to the up side. it's gone from 820 post-earnings. i think it's 690 now. that is a monster move in a stock that just reported what i thought was a pretty remarkable quarter. >> we know you're bearish. but do you have anything that you're buying? >> gold and silver. i mean, look at what happened to gold at the end of the day today. i actually at the end of the day, i bought some gold. i was long gold. i sold some gdx yesterday and bought it back today because there was such a run in that. it was up $18 at one point. i bought some gold options, got on the subway to come here to do the show, i came back and it was up 20 bucks. that's telling you something. there is certainly some panic out there in the street and gold and silver's the place to be. >> with the sell-off today stocks teetering near some key technical levels. who better to break it down at the smartboard than our very own steve grasso? ♪ well, you can tell >> there's my wedding song, by the way. i love that tune.

so if you look at the smartboard right here you can see the recent low of 1812. you can also see the recent pop to 1947. so when you work with retracement levels, you have to start from here. you rally to here. and then the retracement comes down and you you want to see some key levels. sow look for the 60 retracement levels. you're looking for 1879 and 1863. that is where you want to bounce. those are the bounce levels when you rally from a recent low to a recent high. now, what fits conveniently right in the middle there is the recent low or not so recent low of 1867. the point is you have a cluster of support on the charts right here and that's why we popped a little after we sold off. you want to pay attention to these levels because just to give some confirmation to it, let's go back here. we recently rallied up to 2081.

if you do those same retracement levels down to that 1812 level you get a bounce level of 1946. where did we stop? almost on a dime right there. so these are the levels to watch. if we hold these levels, this market is still buyable. if we breach this level, if we break it to the down side, 1863, bail on the market. >> 1863 and then the next stop is what? >> then you go back down. you have 1820, then you have 1812. >> that's basically what? the may lows. >> exactly. >> no, we're talking about recent lows in january. >> okay. >> it's 1812. then if we breach that we go down to guy's level, which is basically 1765. >> the 1812 level is that tuesday after martin luther king level when it traded down to 1812, close the at 1853 and we talked about with that move the subsequent potential to trade to 1920. 1780 is my number on the down side. the fact we keep pushing down toward this 186 0 level, the

longer you do it the more apt it is to go through. i think now given what we've seen there's almost inevitability about 1780 on the down side. by the way, i think carter worth has brought up that level as well. >> i know you're overall bullish. i'm just wondering the short term. do you see a scenario like this happening where there could be a sharp down side? >> as far as being bullish, i think, again, s&p's flat for the year. so i'm bullish on certain stocks, certain sectors. right? we talked about the first half of the year being some sort of concern in the energy space, obviously, if we see these bankruptcies, what have you. but ultimately i do see the end of the year, us being flat on the s&p. find your stocks. find the names that you like that you really have done your research on. look at gilead. gilead's a stock that's going to have a lot of backlash this year because of, you know, we've got an election year, political headwinds. but here's a company that basically came out in their earnings report and said we're going to buy companies. they're basically going to generate cash flow between now and 2020 of their entire market cap.

they have to buy something big. they'll bolt it on. that's a stock you want to look to buy in this kind of tape. >> lionsgate shares getting hammered today, hitting a three-year low on the back of disappointing earnings. we'll tell you what had analysts so scared on this morning's earnings call and whether lionsgate can right the ship for investors. plus, looking for safety. one dow stock could be your ticket. we'll give you the name. and later we're gearing up for the big game and in honor of super bowl 50 we're giving you the four stocks ready to take your portfolio into the end zone. much more "fast money" right after this. sure, tv has evolved over the years.

it's gotten squarer. brighter. bigger. it's gotten thinner. even curvier.

but what's next? for all binge watchers. movie geeks. sports freaks. x1 from xfinity will change the way you experience tv. plummeting today on disappointing earnings and spooking investors on a conference call this morning. let's welcome the vice chairman of lionsgate himself, michael burns. michael, great to have you with us. >> melissa, thank you for having me. and i don't enjoy words like plummeted but i'm happy to be here. >> well, plummeted best describes the 27% decline in a single day and according to a lot of the analysts who were on the call part of it was your company indicate add that it would not give any guidance until may. i'm wonder field goal you could walk us through that. is a company that has consistently given guidance all of a sudden going to say we're

not going to give it till may. talk investors off the ledge here. they're drawing the conclusion that we should be expecting some pretty bad news. >> i wouldn't say that it's bad news. what john said and what i said and others in the call today, we talked about the fact that we have three wide releases coming out between now and the end of the fiscal year, and so we thought the prudent thing to do was to guide after we had our 16 -- our fiscal '16 done and we also talked about that fiscal '17 is going to be significantly better than '16. sought prudent thing for us to do, we believe, is to give guidance when we have as much clarity as possible. >> why is this different, though, michael, from past years? we all know, and as you know, of course, the media business is a very lumpy business. why is this extraordinary enough for you to say we're going to depart from our practices that we've had in the past? >> i don't think we really departed, melissa. we gave three-year guidance. every company would like to get

out of the guidance business. particularly if you take a look at a film and television company. even though we're much more diversified than we ever have been. but the idea that when we move a movie around, when we change a release date because we picked the right release date for that particular movie and it can change a quarter or change a fiscal year, that's significant. so what we talked about today, john said when he talked about fiscal '17 he said a minimum of 350 to 400 million dollars. of course the street in this wild knee-jerk reaction mode that is wall street at the moment only hears the 350. we hope we're conservative for fiscal '17. we've had a pretty good history of hitting guidance. so the idea that one movie can affect a quarter, we talked about "hunger games" being disappointing. $125 million of ultimate profitability, less than we anticipated or had hoped for. but one movie at this particular case of this company's stage, it

really shouldn't move a stock. >> obviously your company has been the subject of reports and rumors about mergers and acquisitions, the filing on wednesday indicated that lionsgate has informed starz it wants to explore potential merger with the company. does the stock's decline in today's session make you more of a target as opposed to an acquirer? >> i think that the reason that we updated the 13d filing with starz is because we were a 13d filer. and if we're going to have conversations, if our intention may change, the idea of the prudent thing to do is to update your 132, which is what we did. so as far as are we going to become prey now? my particular brief is if -- i can't react on one day movement of the stock.

i find it irng you can have one giant swing like this and 20 million shares can trade. but we've seen significant action in the stock before around a wide release or an earnings result. but again, the point i'm going to make is we're a much more diversified company than we've ever been. our backlog is $3.4 billion. 70% of that's going to be coming in in fiscal '16, '17. so it should give a fair amount of comfort to our investor base. on top of that we talked about our television business. it's 80 shows on the air right now in 40 different networks. so on television alone we're approaching call it $150 million in the last year or so. the library value of this company, $200 million of ebidta. so you add that all up and then you talk about the future film business, which without having an extraordinary hit you're talking about something that should contribute $250 to $350 million a year. so i don't quite follow as i said these giant swings.

>> michael, real quick, we're running out of time. thanks for coming on on a day like today. listen, i don't know if you can answer this, but the board just authorized an additional repurchase to the stock plan. now it's up to $468 million. i think that means you have 250 million left. given a day like today, are you allowed to make it an accelerated purchase? is that something you would consider? >> what i would say is we know our company better than any other company out there. we also understand how unlevered we are at this particular moment in time. so if we think that buying back our stock and shrinking back our denominator, number of shares is accretive, and obviously not a day like this it's a heck of a lot more accretive than it was yesterday. of course we'll be in the market. whenever we have earnings we're blocked out for a couple days, so we can't be in the market. and we have volume restrictions. but obviously we wouldn't have announced that and our board had passed that if it wasn't something we're interested in. >> got to leave it there.

great to speak with you. thanks for joining us. appreciate it. >> thanks, melissa. thanks, guys. >> michael burns, the vice chairman of lionsgate. what do we do with the stock? it's in huge decline today but it has been in decline since november. >> right. michael spoke to a lot of the concerns in the stock and obviously he had a franchise that is still very valuable. they've done great jobs with their m&a. but there's a three-day rule that exists for just this purpose. 1621. that's your level to watch. today was day one. watch it two more days. take a look at it on tuesday. it has to defend 16.21. >> stocks may anybody freefall but some traders are betting big on one large cap dow stock that could be about to break out. we'll tell you the name later on in this hour. i'm melissa lee and you're watching "fast money" on cnbc, first in business worldwide. >> okay. so we go. >> yeah, let's go. come on, here we go. >> whether you're putting your

money with the panthers or the broncos, we've got the four stocks ready to score major touchdowns for your portfolio. the names that will buck the down trend and bring you big profits. plus -- sums up the market. and we've got the four charts that spell doom for stocks. that's all ahead this hour. much more "fast money" after this.

welcome back to "fast money." the super bowl just two days away. but companies are already trying to make the most of the millions they paid in ad time releasing commercials far in advance. cnbc's julia boorstin joins us with a look at the most popular super bowl ads. hey, julia. >> hey, melissa. 130 teasers for ads in spots in sunday's big game have already been posted on youtube, representing nearly all the brands paying as much as $5 million for a 30-second spot. >> remote start on the all new hyundai elantra. >> did he just talk start that ad? >> hyundai's ad is not only the most viewed. 16.2 million times. it's also the fastest rising. topping 15 million views in just three days. it's followed by this ad by pokemon. its first ever super bowl ad, which has drawn 13 million views

in just two weeks. >> is your name jerry rice? >> yes. >> he's lying. >> this ad from pepsi is a 3 1/2-minute-long commercial also featuring tostitos and snickers. it's been viewed nearly 11 million times on youtube. and check out this one. >> give me that. >> ah! >> and there's your beautiful baby. >> this is the most shared ad, according to unruly. it was the most -- it was this doritos spot featuring an ultrasound that was a finalityist in doritos' crash the super bowl competition. viewed 1.8 million times on facebook alone. it's also been shared about 900,000 times. so whatever the platform, facebook or youtube, all these views and shares show the investment in super bowl ads it's about much more than that 30-second spot. it's also about the weeks leading up to and after the big game. melissa? >> all right, julia, thank you.

since everyone else is dropping their super bowl ads early, we thought we'd drop our new "fast money" commercial a few days early too. check it out. >> the cradle of capitalism. exists a group of singular professionals. men and women who man the front line of fear, greed, and opportunity. in search of the perfect trade. and the best seat next to the ho host. "fast money." america's post-market show. >> that really does happen. >> guess who's still sitting here. right next to the host. >> that's right. >> can you tell the difference between de niro and myself? that was some serious acting right there. did you see that? >> yeah, he's good. >> you looking at me? >> who fell when they're running down the hallway? >> that's me.

>> how's your hip? >> a great week. crazy market. that does it for us. more "fast money" 5:00 on monday. we'll see you then. but do not move. the most exciting half hour on tv behind "fast." >> awachld want to get their hands on.

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it had no mouth, but it spoke to me. it said, "rocky mountaineer: all aboard amazing". hey there. here's something positive. stocks are closed until monday. the guys are going to try to make sense of what happened today. while they're getting ready, here's what's coming up. >> every dog has its day. ♪ freak out >> and that day might soon be coming to the oldest stock in the dow. we'll tell you how to profit. plus -- looking for a safe place to hide in retail. ♪ walmart has your back >> you bet it does. and we'll let you in on a little secret. it could be on the verge of a massive breakout. and -- >> may the force be with you. >> oh, it is, han. because disney's expected to see a huge move on earnings next week. and we've got