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tv   Fast Money  CNBC  March 24, 2016 5:00pm-6:01pm EDT

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have a great long weekend. we'll see you next week. "fast money" begins right now. >> right now, at the nasdaq market overlooking new york city's times square. tonight on fast, we've got the new iphone se, it's right here on set. the surprising and exclusive "fast money" survey found out not all good things come in small packages. we'll explain. plus, several left for dead stocks could be the only thing revifg your portfolio. the walking dead stocks that are seeing surprising surges. the former cfo of citigroup is doing something that could change the face of wall street and could not necessarily be good for the big banks. stocks snapping a five-week winning streak. the question facing investors now into the weekend is this dip a buying opportunity, and if the answer is yes, what do you buy?
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steve, why don't you kick it off for us. >> i've been clear of my position. we've come too far, too fast, especially in the energy names, commodity names. you would expect energy analysts would come out and move estimates even higher. tweak them to some extent. there's a 90% correlation of moflt in the commodity. you didn't see any of that. i think it's been a lot of lip service. i wouldn't be chasing energy here. i wouldn't be chasing any commodity names. right now, when you look at the setup and the move we've had, there's nothing compelling from an evaluation perspective. >> five straight up weeks, what are we supposed to do? we're supposed to take a pause and look at the same issues that drove people to hysteria in the first six weeks of the year. some remain i think latest risks. some of them i don't think are going to knock people's socks
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off. it will come down to valuations. earnings starting on april 11th, you know, right away we get into the banks. i realize that's only through mid mex wenext week, and you do have a lot in your way. the fed is the reason the markets have been unsettled. i've said this in a couple times, we have more fed coming our way. >> the fed meeting, with ecame away thinking dovish fed. and now we're thinking hawkish fed and things turned upside down. >> if the dollar is in this market, you'll get the market right. today you had a strong dollar because in the last 48 hours you had four different fed governors come out and say, hey, you know what, april's on the table. we might hike rates in april. where we are in the marketplace after the huge fund, the only thing that worries me is that everybody's saying, hey, we need
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to be oh-it's time for a pullback. it's time for a pullback. >> now you're more -- okay. you're bearish. what are you saying now? >> it doesn't make me feel good when everybody else agrees. >> dollar finished weaker on the day, started out strong and finished flat. oil rallied 3.5% on the interday lows. to say oil is getting a lot of ground today, if this is getting a lot of grounds, oil has changed its tone. >> if oil is going to stay up here, we have an inflation problem. >> tim mentioned valuations. there's always something out there, isn't there? >> there's always something out there. but it could be lower, might not be cheap. one point tim makes that i agree with is it's about individual stocks. if you want to own s&p protection, the rally has gotten
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legs, so i have some of that protection. but i'm still long. i like what i own. it's made me hesitant to add to anything i have. unless there's a specific catalyst, vis-a-vis a change in price or fundamentals. >> you know, we're going to stop and take a pause, refresh, et cetera, does that mean you get defensive? does that mean you get long gold? do you buy puts? do you go long treasuries? just nothing? >> here's the question, right? you look around and say, there's beaten down stocks. incredibly beaten down names. which names, or which sectors of those beaten down names that had the moves do you look and say there's a fundamental thesis behind it that i'm comfortable in. not one, from my perspective. i'm not really comfortable putting money to work here. i'm looking at sectors that i do have confidence in on a pullback. >> such as? >> look, you know, i'll say this. some of these consumer discretionary names.
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i think certain technology, parts of the technology sectors. like in general, if you look at a google, amazon. amazon is coming in quite a bit. i think the fundamentals are solid. i think the growth projections are very strong. >> amazon to me is going to have a target on its back. because it's a multiple -- >> that's my point. my point is you wait for the pullback, you wait for the pullback and buy the names that come back a little bit. >> on a pullback, then, same question. >> i am buying commodities. they have good plns sheets. >> are you long right now? >> i'm long bhp. trs remember, you've got a place where i don't think the dollar's going that much higher. i think the dollar should god a little higher here. different from brian, i think commodities are a little higher here. they're not going to get pushed down. there is inflation. you don't stop that overnight.
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>> on a pullback? >> sold to you on the minors. i would be selling at this point in time. you're getting an opportunity to take profits at the very least, if not aggressively selling. i still remain short the market. i think you can be aggressive, you can sell the banks like i said last night. with a yield curve flattening, you're going to have banks come in. i wouldn't be necessarily buying anything on a pullback. i would probably be covering shorts on a pullback. >> on a pullback, like amazon, if it pulled back to 170, or 250 -- >> the names that you own? >> yes. i would. foot locker is one i've talked about. >> okay. the rally on stocks since the february low is creating sticker shock in the leading sectors. paul is at the smart board breaking it down for us. we've certainly seen huge runs in the -- in the sectors that have been beaten down so much heading into this year.
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>> look at the two top performing sectors since the lows are materials and energy. that's off the market low. from their lows which were like january, they've rallied more. consumer discretionary is a third sector we've seen. you guys were talking about valuations earlier and how does that stand up. let's start with the s&p 500. s&p 500. the valuations is trading about 18 times trailing earnings. that's two points higher than the historical average going back over the last five years. analysts are expecting rebound in earnings. they're looking for 15% in each of the next two years, which may seem a limit lofty. there's the s&p 500. great. we're working now. 19 is the high. it's at 18.3. we pulled back a little bit and rebounded. let's get to the individual sectors. let's look at the materials sector. materials have a high of 20 1/2 pe ratio, 17.7 times.
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you were talking about earlier, is valuation right in line with the five-year average. just a little above, 17 times. not wildly overvalued here. analysts are very optimistic on the sector, expecting earnings in the next two years to rebound to five-year highs. that's a little optimistic here. the valuation is relatively in line. the next sector, wait until you see this chart here. the only thing falling faster than the stocks of the energy sector are the earnings of the energy sector. tring at 27 times earnings. that's twice the historical average over the last five years. and it's triple the low from late 2011. energy's had a big rebound here. again, analysts are expecting earnings to rebound. but by summer of -- looking forward to the next two years, they're expecting earnings to be back to the levels they were a year ago. that's when oil was way over $60 a barrel. again, there's some
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expectations built in. the dischrisary sector, you were talking about amazon before, the discretionary sector has 20.6 times earnings. high was 22.6. its average is 18.5. a lot of the high valuation is due to amazon. the biggest company in the sector, and has very little in the way of earnings. the rest of the sector from retail, they've had a tough go of it lately. their valuations are more in line here. again, with these three sectors here, these top performers and the market overall, we're back to where we started the year in a lot of these sectors. as we get into earnings season, and away from the fed last week, i think analysts -- investors will start focusing on earnings. specially in the coming end of the quarter here. >> paul, great to see you. >> thanks. >> paul hickey. how does it make you feel? >> first of all, paul does great work. i think it's lunacy to look at
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historical pes and not run a chart of interest rates alongside of that, essentially lay it over. when you're at negative interest rates, or zero interest rates, equities are worth a lot more on earnings yield basis. if you're doing valuations as an analyst, your risk rate goes way down. people are trying to look at this as apples to apples. this is a different world. >> let's look forward and assume that commodities rise or stay -- you're long the minors, you think they're going to stay here. you're not going to have interest rates at zero. the fed's going to have to raise rates. if things are great, the fed raises rates, equity prices have to come down because ther-overweight. >> wait. even if you -- >> exactly. there's a place where -- >> if i'm an insurance company -- >> big institutions imagine their liabilities. these guys are looking where they can collect deals and
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looking at two, three, four, five-year investments. they'll put it into equities, bulletproof balance sheets. no matter what the fed does, this ecan't move it overnight. >> i totally disagree with that. they're not going to save expenses at all. if we have an inflation issue, the market will go lower. >> if we have an inflation issue, we have a strong economy. >> no, we don't. because listen, oil -- >> it's not stacked -- >> oil went from $25 to -- >> hold on. hold on. >> let me make my point. oil went from $25 to $40 in the last couple weeks. and we have a gdp that's running flat. that's stagflags. >> the oil move is a ridiculous move. short covering, and other things. here's the deal, paul talks about important points. i'm willing to pay a premium valuation if i believe the fundamentals support it. that's the key to this story. we see it move in a lot of the
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commodity based names for the wrong reasons. a lot of these equities, i stay far and clear unless the fundamentals are there to support it. period. >> the one thing about the commodity move that's been so strong and powerful, it does actually help them out, the capital markets opened a little to them. if you look back six weeks from now, that was not an option. >> all right. up next, could twitter soon be worth $70 a share? >> no. >> that's one of the forecast for today. we'll tell you what that is. several stocks are staging massive rallies. they are the walking dead stocks that could breathe life into your portfolio. we'll give you the surprising names. small size, big problems. the iphone se, will customers spring for the old school four-inch device? we did some research out on the streets. the findings just might surprise you. tment management,
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and get the power back on. it's an amazing feeling turning those lights back on. be informed about outages in your area. sign up for outage alerts at pge.com/outagealerts. together, we're building a better california. shoshow me more like this.e. show me "previously watched." what's recommended for me. x1 makes it easy to find what you love. call or go online and switch to x1. only with xfinity. welcome back to "fast money." earnings alert on gamestop. >> melissa, big mover after hours.
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the stock is down more than 5%. the video game retailer reporting revenue that missed estimates but because the video game releases and weaker hardware sales, the company issuing weak current quarter and full year revenue guidance saying hurt sales by 500 to $200 million. the ceo telling "wall street journal" that the market might misjudge that figure because more of its in-store sales will come from digital games. >> thank you, seema mody. i feel like every quarter, every six months, with e -- people speak of the demise of gamestop. >> this stock's been beaten down. i don't see it as being a viable long-term investment. for a trade, down 5% from where it closed, what's that, about $28 or something like that, i think it's actually worth taking a look at from a trading perspective. maybe wait a day or two. the shortages are extremely high here. i think 4.9% dividend yield on this story.
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i look at it and say, it's worth a short-term trade here. down 5% in the after-hours. >> for a trade. but i wouldn't buy it for that dividend. if it is a melting ice cube or barnes & noble, radio shack, whatever you want to call it -- hanging on. games are really big. if you want to buy anything, who makes insulin? you have all these kids drinking soda playing these games. >> it's not bad. it's good. demise has been much slower. >> the top trade tonight is twitter. quite the interesting take on this stock. the firm today saying it could either be worth $65 to $70 by 2019, or $6 to $7. quite the difference. to get to $70, the valuation comes for $70 or $7. steve? >> i've been constructive in
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this for a while. up towards $50. when it got down to $14, i said, i'm turning the corner here. it's more in line with a potential takeout. management has done a horrible job with this company. they could do simple things to the model that would simply do that. wall street needs to team up with silicon valley in this situation. they need to understand what wall street looks at from a valuation perspective and implement it in the process. they've got the ability to make this stock a $100 stock, real i taking it and juicing up how they interface with it. >> what does that mean? >> do you know they have a chat function? it's a disaster, right? think about social media. when you look at it -- you don't chat on twitter, but you can't download your contacts on it appropriately. make phone calls off it. if you had different -- if you have the ability to go out to your social network within
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twitter -- >> i get that. >> but need to layer down -- >> will that be enough to grow users? that is their problem. their audience size is half -- >> if you have three followers, you're not that engaged. i have three followers. tim seymour has 4 million. if you have more followers, you get more engaged. >> i want to bring tim in. this is interesting. yahoo! has two times the audience size of twitter. their core business valuation is $3 billion. twitter's a $9 billion. that's the problem. >> i don't agree with that. i think it's apples and oranges. i think i agree with david, i think we need to figure out where is the value in the company. their gross ma jins are growing. the engagement on twitter is unbelievable. video up 220 times since 2014. that's where everyone's rewarding facebook.
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you can't tell me company isn't incredibly valuable. on a multiple, forget it. but when you look at the unique value, the franchise value and the guys these guys aren't growing, we know the story, the existing audience. >> undervalue, does that mean it goes to $70? >> if you're asking $7 or $70, the stock's $16. so the chance of it hitting $7 is far, far greater than hitting $70. right? >> i agree. >> i think -- i don't know. the street sort of becomes no longer enamored with the name. that's for sure, right? i was thinking, take it out at some point. i think that's off the table right now. the window is closed for that. >> like a house that sits on the market for too long. >> but you have the choice of $7 or $70. given that choice, i would rather be long twitter. it is a platform that can expand. can multiply. can get the network effect if it's managed correct.
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so i have -- it's at $16, down to $7, that's a 50% down side. if they did everything right, it could worth $70. if they were able to operate like facebook, it could be worth $70. risk reward, i would buy twitter. >> i'm out. >> still ahead, more than 25% in the last month alone, one trader seeing a higher move for tesla. i'm melissa lee. you're watching "fast money" on cnbc. here's what else is coming up on fast. can you spot the new iphone? a new "fast money" survey could spell trouble for apple's latest phone. plus, here's what your broker will look like in the future. and it could mean big changes for the banks. the former cfo of citi group will explain when "fast money" returns. know your financial plan
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welcome back to "fast money." since the low, some stocks have looked like they were left for dead or actually showing signs of life. let's send it over to a guy who's very much alive. that would be dom chu.
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>> alive, i feel alive right now, although i feel more of like a zombie that we're ahead of this long holiday weekend. let's look at some of these stocks that have seen real signs of life, and perhaps not life, and have shown signs of resurgence. maybe we refer to them as the walking dead stocks. first of all, if you look at one of the names we've talked about a lot over the last couple of years, check out 3-d systems. those shares now have rallied by about 76% since their lows. now, put in mind here the context. this was a 38 -- almost $33 stock here. now down to about $6. it's rallied about 76% since then. huge drop-off. big signs of life in the recent weeks. can we see it continue. also, square. in terms of payment processing. those shares have lost 45% from the recent highs to lows. now gained 44% since then.
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near $15 stocks. went down to almost $8, back to where it is now. cybersecurity, always a big focus. up 43% recently. but they've lost four-fifths of their value between their recent highs and lows. it used to be close to $55 and change, it went down to $11 and change. as we talk to some of the stocks showing signs of life right now, it's whether or not it's just reversals from downtrends or whether or not we can see the trends continue. we'll see what happens, melissa. back over to you guys. >> thanks so much, dom. have a great weekend. let's talk about some of these stocks. brian, i have to go to you when it comes to 3-d systems. more and more companies are embracing it as a way of manufacturing. airbus said they want to 3-d print half of their future fleet. >> that's pretty amazing. it is a transformative, disruptive technology. the real question is whether or not it's going to be on the
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retail end. that's where some of these stocks are focused. of all those three names dom talked about, for long term i would be in the 3-d space. i would buy every single one of them so you can spread your bets. >> is that a force to choose kind of trade or actively -- >> no, i would actively decide to be in the 3-d space. >> what's your take on some of the -- maybe not some of these specific stocks, but these kinds of moves, by left for dead stocks? >> one thing you absolutely need to look at that i don't think applies here is, is there debt. if there's a ton of debt and move that much, the whole enterprise value hasn't moved that much. for a name like chesapeake stocks, more than doubled. the whole enterprise value hasn't moved that much. that's something i would look for. i can't chase something that much. >> in such a short amount of time. >> they can probably print a bear suit for --
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>> i'd take that. >> the reason these things are selling off is because so much is expected. the reality of the guys is delivering. to the extent there needs to be that much competition in the space, for now i wouldn't go near there. with square, i think you have a case, first of all, competition, i'd rather see jack dorsey repo back to twitter, now that he's cashed out of square. i think you're in a place where this is a challenging business model, despite it's a technology that's very convenient. >> they haven't cashed out of square, though. a lot invested. >> i'm probably exaggerating the situation for effect. >> you want dorsey to go back to twitter full-time, right? >> he's a visionary. he's not a manager. he's not a guy that's going to lead the company to the next level. great idea, great concept.
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i love that. but he's not the guy that's going to implement change there and get this company's valuation meaningfully higher. preorder the new four-inch iphone today. but a surprising survey found out not all good things come in small packages. and later, the former cfo of citi group is getting in on one of the fastest growing groups on wall street.
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welcome back to "fast money." the dow snapping back from a triple-digit loss. all three of the major indices posting the first weekly losses in six weeks. here's what's coming up. the rise of the robo adviser. one of the fastest growing trends on wall street. we'll tell you why the industry could double in the next year. tesla, we've got all the details later on.
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but first, we start off with apple. now taking preorders for its new four-inch iphone se. we're down in times square to see what people think of the new, smaller phone. >> it's b.k. i'm here in times square. i'm here to find out what people think of the new iphone se. are you guys planning on upgrading? >> not me. because i hate change. >> why? >> i love apple. i might. >> you might? that's the new one. >> nice. >> what do you think? >> pretty light. >> i really like this one, pause it's easier to handle. >> at my age, small isn't necessarily good. big is good. >> it looks good to me, actually. i think it's better than the bigger size. >> you do? >> yeah, i do. >> this kind of looks like an older version. >> thank you very much. this is the 5. >> you've got me there.
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>> okay, okay. >> let's be clear. you actually took the old phone out there, and you said, would you agree to this thing? people actually said yes. it's easier to handle. >> except for the older gentleman. everybody else they would upgrade. >> isn't that the endorsement for why you want to keep buying apple stock? >> no matter what. >> there's nothing special about the cycle. we hand in an old phone and -- >> it was a sample size. >> right. let's bring in the editor at large, and he is here with the actual new iphone se. not some duplicate old fake one. >> there's a tiny little se right there. this is in fact -- here's the thing about this phone. it's called the iphone se. it looks like the 5 and 5-s, but
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inside are the iphone 6 s guts. it has an a-9 chip inside of here. you're getting the power, the performance of the newer phone in this form factor that apparently people are in love with. because as apple said, tim cook said on stage, they sold 30 million four-inch iphones last year. so this is not like, oh, there's six people out there, or five people who really want this phone. there's millions who like this particular size. >> i actually have to say when i upgraded to the 6, i didn't like it because i couldn't text with one hand. i could barely reach the other side of the keyboard. i think a lot of women -- >> why apple was sticking with this size, they actually made a point of saying that you still had one hand operation. then they said, that's not so important now because we have a 4.7-inch phone. they added for the 5-inch phone the double click and then it moves the screen down. they tried to split the
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difference. so it's a $399 iphone. >> it's the same technology as the 6. >> that's the key. >> it's not everything. it doesn't have 3-d touch. it's a smaller screen. i mean, that's -- smaller -- >> can we -- >> you can touch it. >> i won't steal it. >> it's smaller and it's easy. by the way, don't forget, they also introduced this guy. >> the smaller ipad pro. >> the 9.7-inch pro. i like to call this the flagship ipad. this is the one that people will be buying. once again -- >> why is that? >> once again, what you've got is a 9.7-inch ipad with all the power found in the brand-new ipad pro. so this has the a-9-x chip. that means there's tremendous power going on in here. in fact, this has the most advanced screen that apple's ever produced. it's got something called true
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tone, which adjusts for ambient light, to maybe make the colors match up a little better and reduce eye strain. >> where do you think we are in the evolution of an ipad replacing people's laptops? >> well, that's a really important part of -- >> i have it right here. >> that's the important part of apple's strategy. that's why they made this smart keyboard specifically for that ipad pro. and tim cook talked about this on stage, that there are tens of millions of people who have not upgraded their pc in five years. and he's thinking, this would be a good option for them. starting at $599 for a 32-gigabyte model, which is not a lot of storage when you think about what you can get for a surface pro 4. but this is a good keyboard. it's not full size. but it's certainly usable. of course, it turns into the cover, that's the whole idea, the cover is right there. it's super light. that's under a pound. a little bit more with the cover here. and all of the power that you
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need for desktop operations is essentially there. i do word processing on that. that has a 12 megapixel camera shoots 4-k video. i edited the video on there, both from there and from a drone aflew around and posted it on youtube. >> you're flying drones, editing for -- >> i actually do it this way. i write here, fly a drone here, and do something with my foot. >> would you buy either of these products? >> that. so i am an iphone 6 user. i'm not going to go to a smaller screen. there's simply no reason not to get that model as opposed to the ipad 2. which is still on sale. >> from the standpoint of the upgrade cycle, so important to apple. the iphone 7 coming out soon. that's a cheaper phone, right? what, $150 cheaper? >> what i feel like with this whole event we just west through, apple was going after
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people that hadn't bought the latest iphone, hadn't upgraded their ipad for years. >> new users is. >> not necessarily. sometimes existeding users didn't want the bigger iphone but didn't want the new technology. the ipads are so strong, they last so many years, people have held on to them for like four or five years. >> we have the original ipad that guy uses here. >> we should talk about that. but they don't -- >> you won't know the difference. >> you can't upgrade past ios 5. >> the first generation. >> but look at the construction. this turned out to be a problem for apple, because people have not been upgrading. they didn't see a reason. i think here's a reason. because this is the only ipad of this size you're going to get that will work with the keyboard, that haes a 12-megapixel camera. i think there was a real strategy. >> lance, thank you for coming by and -- >> am i getting this stuff back? >> probably thought.
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>> give him that one. >> thank you. >> what do you think? given your -- >> here's what i got out of it. everybody loves apple products. i love apple products. so i do think there is an element of people out there, and probably significantly they'll upgrade to something new. i think with all of these things, it reminds me of a restaurant with too many items on their menu. i would be concerned about having too many products out there. >> is that a concern, karen? >> no, it isn't a concern. i thought the ipad was actually more interesting than the phone. i'm long. i like it here. but i they think we have to wait until september. >> that's going to be -- >> i'm actually waiting for a 7. there's a lot of purists who say they want to keep up with the technology. i think it's all about price, global, and china. that's an important point for these guys. they're going after that market. >> by the way, this is the original ipad. >> the original. >> look how thick that thing is.
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>> like guy. the battle for millennial money. we've got the details next. tim seymour is heading to the streets himself in a lamborgh i lamborghini. did he crash it?
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we believe in the power of active management. anagement, we actively manage with expertise and conviction. so you can invest with more certainty. mfs. that's the power of active management.
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within of the fastest trends on wall street is robo advisers. independent search from itake group said the business could more than double from $140 billion to $285 billion. and now in a twisted, robo advisers are going after women. sallie krawcheck used to run one of the largest advisories in the country. sallie, it's great to have you here. >> great to be here, thank you. >> tell us about how going after women is different from going after the general population. >> well, look, what we know is that wall street overall does not do a great job for women. there are many financial advisers who do. i could sit here until the end of the show and name them, but overall we talk about the gender pay gap. it can actually cost women over the course of their lives. we took a step back and said,
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all right, rather than doing what i did for years in my business, which is telling women how they had to change, more financial education, you know, work harder, how can we actually change our approach to women in a way that can make them comfortable to invest. >> why does a product, why would the product appeal more it the likes of me and karen versus -- >> i don't know about you and karen actually. but for those women -- but look, what i'll tell you is men tend to be more about outperforming the market, picking the manager, the way wall street is today. women tend to be more about reaching their goals. men tend to be a little more, some might say risk tolerant. women tend to be risk aware. catering to that, okay, what are you trying to achieve and how do we get you there? she's rarely talking about outperforming the market when the euro outperforms the why en. >> what would the difference be in terms of product and appeal
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to a robo adviser as opposed to an actual financial adviser? >> one of these myths that has built up around women is they have to have more hand-holding. they have to have the in-person relationship. this just isn't my idea. well, my idea, but not just my idea. we've done hundreds of hours of research with women. what they're telling us is they like online. they like it in part because it can be a safe space for them. where they don't have somebody looking at them saying, you know, are you sure you want that goal? how about this goal instead. money's still so shameful for so many people. i don't save enough, i don't make enough, i make too much, i make more than my husband, that they're really liking the safe space. >> in the interest of full disclosure, i'm an investor in sallie's firm. let me ask you, when you think about this model and think about, millennials would come first. you would think they're more used to doing everything online.
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how do you see this addressing nonmillennials? >> women are yoen line. women are much more comfortable online. women tend to be much more on twitter. i heard you talking about that before. much more involved in social. the fastest growing group of individuals online are the crinklies. the idea that it's the younger ones, yes, it is. but we're seeing people very comfortable in their 30s and 40s. >> from the standpoint of, is this an eye in the sky? is there something overlooking this whole philosophy? let's say i have a strategy in place, or end goal, is there something that's looking at it and saying, what you're investeding in right now is so without of whack that we're going to alert you to that? >> that's what we're working on, right? this is where technology is so terrific. and putting in place asset allocations, putting in place the risk parameters, i would argue can do it better than him. there's some things -- we talk to the industry, it's robo
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advisers or financial advisers, humans. i would say, and, what will happen, i also was a research analyst covering the industry, it's going to be and. and the technology is going to be that to which it is best focused. >> morgan stanley down the street shouldn't necessarily be worried about losing business to robo adviser firms? >> well, look -- >> along with sort of a product -- >> one of the real issues that the financial advisers are facing is they're abling. i was with one firm, it waste morgan stanley, it was a firm that had more financial advisers over the age of 80 than under the age of 30. hello. but you think about it for a second and say, yeah, i got it. they should worry. because if they have an aging group of advisers, and then if they don't recognize the importance of this technology, and they're beginning to, then they need to fret. >> sallie, thanks so much for coming by. come back anytime, sallie.
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sallie krawcheck. what do you think about this? do you think that the big firms should be concerned? >> i think they should be interested for sure. i think -- listen, there is a role for human beings in every endeavor, particularly investing. but if you're a major wealth manager, i would take a look at your business and say, you know what, this is something that maybe a computer can do better. i don't think they should be as concerned as embracing the technology. >> i think there's a massive market that will head first and really embrace this. i just worry about the as expect of understanding, like what is the outlook. look behind the scenes and make sure it's in line of what your risk tolerance is. i think it's a really great product. shares of tesla rallied nearly 60% since the february lows. why one trader thinks it's got way more room to run. plus tim seymour takes one of the hottest cars on the road. that would be a lom bor guinea.
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welcome back to "fast money." yesterday we gave you a preview from the auto show.
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we'll have nearly 1,000 high-end cars on display. our own tim seymour was able to test-drive a lamborghini with the ceo from prestige imports. check it out. >> that's beautiful. >> i know. you ready to experience this? >> i think i can enjoy that. it feels like you're in a fighter jet. >> it does. now, don't get intimidated driving the car. >> okay. i didn't tell you, i don't have a license. >> don't worry. we know cnbc is good. trs we've got it fully insured. >> 0 to 60, 2.9 seconds. >> that's unbelievable. >> it is incredible. >> one the quickest lamborghinis
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made. all-wheel-drive transmission. a seven-speed built specifically for lamborghini for this vehicle. >> it's great to actually feel like i'm paddling through here. but a novice like me doesn't have to paddle. my ego does not demand that i rip this thing out on the first day. boom. >> like batman. >> the doors open for the big impressionable exit. >> now, that was pretty cool. at least, tim, this time you're actually driving the car as opposed to riding shotgun. >> why do you have to bring that up? i get tough assignments on "fast money," by the way. >> they let me test an old iphone, and he gets to drive a lamborghini. >> you know, the lambo was
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probably easier to drive, than the ferrari is -- >> that's nice also. >> these are high-class problems to have. when we talk about this car, these guys are at record sales. the exclusive for the lamborghini is almost as high as the ferrari. >> let's talk tesla, surging more than 27% in the last month. mike does not apparently drive a lambo, breaking down the action. >> with the release of the model 3, one-week bullish activity, people reaching out to next friday, a week from tomorrow, to buy the call spread. about 1% of the current stock price to make a bet the stock could rise between 4% and 9% or so in just one week's time. >> this is a massive run. not just in the past week, or the past -- i mean, since its february low of 141 and change. a massive run. >> it's on an absolute tear.
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up at 240 here, i think, or bouncing against 227, i think it's a very tough buy after this. >> mike, thank you very much. by the way, we're off tomorrow. good friday. but we're back next friday with a new show, 5:30 p.m. eastern time. check it out. coming up next, the final trade. i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. td ameritrade.
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time for the final trade. tim? >> we talked about twitter. this is is an interesting place to own the company. $16, $17 stock. >> american airlines was down today. i think from a technical perspective, look at the stock at $40. buyer for american airlines. >> footlocker off of nike's earnings this week. attractive at $13. happy to buy it, as i did today. >> brian kelly? >> that's me. we had the market rally toward the end of the day. one name that didn't is black rock. i'm short it. i think you sell black lock.
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>> remember, tomorrow's good friday so the markets are closed. we'll see you back here monday at 5:00. don't go anywhere, "mad money" with jim cramer starts right now. have a great weekend. great wee. \s my miss is simple, to make you money. i'm here to level the playing field for all investor. i problem to help you find the bull market. "mad money" starts right now. i'm just trying to make you money. my job is to educate and teach you. call me or tweet me. let's cut right to the chase. a couple days ago, some federal reserve officials direct slur broke ranks with the chairwok, making it clear they don't

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