arena where ever is happening. thank you so much. kayla, mike, facebook, the standout. we saw apple up 7%. had a big impkt on the dow. we'll see how this shakes out tomorrow and how this call goes with facebook about to begin here as we toss it to "fast money." >> thank you. a number of of sponsors seeing -- 14 coverage of every single story. facebook's blowout quarter to amgen's and whole foods, which is falling. and the man himself, sun trust -- and it's not all about earnings tonight. he'll tell us what he's looking at and what it could mean for the market. check out shares of coca-cola.

seeing its worst day since early april. could it be signalling the end of one of the hottest trade sns we start with the story of the evening and it's facebook. crushing estimates. firing on all slenders. the call getting underway. is it a must own stock? >> yeah, but there's a good chance by tomorrow about an hour into the day, i'm going to be out of it. i think this is a tremendous move. the options are telling us we're looking for about a $9 move. if we're somewhere north of 131, i think it's time to take a few chips off the toibl table because maybe the broader market an the idea this stock has run into earnings, now extended the run well in the post. which all makes sense. the numbers were phenomenal. revenue beat. earnings beat. the growth. when you look at the monthly active user growth, everything is strong and impressive. >> mobile revs up 81% year over year. revenues in general up 59. maus, 1.7 billion.

dale ali active users ripping. >> i'll give you another. >> you don't own it. >> we have been bull niche the stock for years now, but i'll tell you, the metric that stuck out to me operating margins. 58.5%. i think the street was like 54%. so on every metric, they're blowing away. pete mentions taking profits into this number. probably not a bad idea. people will -- it's been the wrong argument for the last six to nine months. can it pull back? absolutely. i think facebook will do this. >> how much better can this story get? ? that's the debate that needs to be had. thaf crushed it. the stock is doing incredibly well. how much better can this story get? >> i think there's a ways to run. i think the tok at 131 or where ever it is right now is better here. with this information on this quarter. than it was today at 122 or 23. i mean, the magnitude of this beat, the acceleration of this engine at facebook is

phenomenal. so if you look at on every metric as pete and you guys said, it's really fantastic and to be able to do that when you're already coming off big number, i don't think this moment is the peak. i don't think so. >> if you think b about what's happened with instagram, we don't know what they can do from ok louse for all we know is is is going to be the big thing guy wears on his head. they're saying 58, 59% year over year ebitda growth. i think costs are going to continue to go higher. i think the bar is high. i think priced to perfection and i own the stock. not going to sell it tomorrow, but i wouldn't be putting new money to work. >> if we say is facebook the new apple? in terms of being the must own stock right now.

>> look at their operating margins. tim mentioned ok u louse and virtual reality. that's going to be huge three or four years down the road. pete put out the fact they tried to buy snap chat unsuccessfully. they have many levers left to pull and yes, valuation, maybe it's expensive. i think you own facebook here. the run continues to the upside. >> rich greenfield cut it to a sell based ton fact investor expex tases are too too high. >> to be honest, i think rich's call, again, these comps get very, very did i feel. one of the things you have to worry about is at what point are the demographics going to change on them as well. so we've all known that facebook

hasn't been pulled for a long time. doesn't seem to matter. >> cool enough for 1.7 million. >> got a pipeline. >> okay, but at some point, everybody's on facebook now, but not necessarily everyone has to be. that's all i'm saying. the other part about these numbers is that people are making an assumption about organic growth. is that the case? maybe it is. >> the thing is, we've not seen the slow down. when we see that, that's when engineer i think we should be tarting to get more concerned but right now, it's like under armour. until you start to slow down, you can look at the multiple and say it's not that expensive, but the most important thing they've got an incredible pipeline. the reason is all these acquisitions and he has done an incredible job. some may be overpaid for. what's app, maybe they overpaid. maybe. 17 billion is a pretty good

number. >> they've got a billion followers. >> no doubt about it. huge audience. >> it's another one he's made work and that's the one thing that's amazing. they've bought companies much more forward. for the talent level, scott, as much the technology. and it's working for them at least up to now. >> greenfield is going to be on the halftime show tomorrow. >> well, just want to have some questions for him. >> when a stock is raising higher, getting in there and saying -- after the horses left the barn kind of call. zpl retail sector downgrades galore were down. thanks, that did me a lot of good. he put this out, when, yesterday? >> who? >> rich. >> couple of days ago. i don't think this was a case where people were necessarily piling short into this number based upon that report, but

management has been long-term thinkers and that to me is very important, especially when you think about facebook is as a media company when the legacy players are reacting day-to-day. >> when you say long-term, suk put it out there, ten year. he is looking long-term, so this isn't somebody who's looking six months out. >> bring in bob peck now. he's monitoring the call on the red phone. bob, you have a buy on the stock. and i guess you're feeling pretty good about that call tonight. >> ayosz the board, it was great number, so users were up across the board in every region, even in the u.s. the modernization of these users were up 40%. accelerated in the u.s. mobile revenues up 80%. advertising revenue, not slow down and all this on better profit. grew 47% leading to marnlens in the 60s, so fantastic to see. so what we'll be looking for on the call, instagram and what we had on the quarter. the cfo should give that out and

lastly, when should we monotize what's app. >> how much better can the story get? is that the only thing investors would be concerned about tonight if they watched the stock have the run it's had. look at the metric, they jump off the page at you. on every segment of the business. >> what's amazing is when you think about what's app and messager, they have a billion users every month. there's a lot of leverage there and instagram is ramping from a base of almost zero to now north of $1.5 million. >> even with nap chsnap chat? >> that would be one of the things people will be listening for. is there any impact to engagement or users? but based on the number, looks like there isn't. >> we'll check in with you in just a bit. facebook giving a boost to facebook, amazon and google. wee wondering if they're ready the to make a comeback.

what do you think? >> i think netflix is ready. the four of us wanted this, netflix was down 12, 13%. we said as long as it holds that level, the stock is okay. it actually did hold that on huge volume that day. now, it's reversed and trading higher. we had one of the directors buy stock in the open market, which was really bullish. the stock, now, at least you have something to trade against on the downside. >> i wasn't bullish that night and so, in fact, i said i thought it was probably going to go lower. the fact it's moved up to a range, i've been wrong on that. you've been to a place where unlike facebook, we've really seen saturation of their customer base. u.s. is slowing. international slowing. margins aren't there. they tried to raise prices. this grandfathering effect is something they're very worried about. i think it's negative. the minute you start to charge people for a service they got to teaser rate on, they start leave

ing the service. >> you start seeing -- >> i don't want to be in netflix today. in fact, i think the stock is range bound. the top end of the range. i expect it's going to test well. >> would you rather be in facebook or alphabet is this the two dominant players in the space? >> i jump on facebook every time. just because their growth and trajectory and what they've been able to manage. when is zuck going to tart to revisit that snap cat? offered him 3 billion. is that ever in the cards again? there's a lot of different -- i'm not a snap chatter, but i'm like a lot of guy, we had some on the show today at halftime talking about when you look at kids what are they doing? not on facebook. they're snap chatting and the activity levels used there is incredible. >> up next, bank of america's head of high yield says a rate hike could come much sooner than expected. he'll tell us what changes you need to make in your portfolio, plus, amgen and whole foods.

lore after hours. both of those calls are underway. we're all over the headlines. coming up. plus, shares of coca-cola plunlg lg. could the stock be signalling one of the hottest trades is over? much more "fast money" on a busy night is next.

welcome back. making some hawkish comments in the july meeting. in september, the fed signal a rate. saying consumer spending is growing strong eli an the lab r market has strengthened. the president esther whomts to hike rates now. importantly, the fed aided a line saying there's less slack in the labor market and another line that said quote, near term risk -- other language said risk to the outlook were balanced. that's led to rate hikes in the past. the fed continues to point to inflation that's running below its 2% objective. bottom line, stroong data

including better inflation data between now and september, but it could be a very patient fed uses this september meeting to do more explicit that a rate hike is coming. back to you. >> thanks, steve. >> what's so funny about that? great job, steve. >> great. our next guest believes that could be a mistake. michael is the head of high yield strategy for bank of america merrill lynch. he's here with us. >> everybody seems to be focusing on this one little pull out. does that tell us that september is back on the table? >> sure. i think it's on the table. a more likely scenario is

december. i tend to be more bearish. if they continue to see robust job growth and inflation or sides of inflation look like they're picking up. >> headlines i'm getting now from jeffrey, the founder and ceo of double line who said they cracked the door open, the fed, wu that the gdp on friday would throw it more open. in sunday, you buy that? >> the key is is probably more on the employment and inflation picture from here until september. probably less on gdp. most gdp tracking models suggesting 3% growth for the quarter q2. does that throw the door open? >> it's already open, i would say. i think investors have mispriced it a little. if you look at the probability of a september and december hike after the meeting today, it went

down. >> i don't understand how that. >> did that surprise you that the dollar index traded high? and went straight down 1%. >> it did. but it fits the picture with the probableties. the market is is mispriced. >> the market's been too complacent with the fact september could be on the table. >> where was that market yesterday? you said it went down today. which i -- >> modestly. >> i think 52% chance in december. 30ish chance for september, now, it's like 28-49, something like that. so it's gone down marginally, but it went down. the dollar weakened. stronger in the morning. it weakened after the meeting. oil was going down, but rates went lower after the meeting, so it's clearly indicative that the market thinks they're on hold. zwl did you see gold and silver, the move they move? >> gold hit a two-week high. that's right. what's that all about? inflation expectations?

if the economic, if concerns about the economy have diminished, maybe they think inflation is going to go. is that what it's about? >> i think with gold now, seems to do no wrong. gold goes up, inflation's going up, you think the economy's doing poorly, so gold is the answer right now. >> you were wondering if the rally you know, since the brexit throw off was going to have another leg, that maybe the gold trade would fall out of bed. >> i think gold is something that got an extraordinary bid and i would argue 60 bucks on brexit that it's time to give back. from a fundamental perspective. i am bold, but i think gold is boar rrowing some fallout, whic think a lot of other assets will trade, i don't think gold has a lot more room to go. >> just a pin you down, so jpmorgan says december rate hike

is what they see. your expectation now is september. >> no, no. the b of a house call, still december. what i'm saying is i think the market is mispricing the probability of a september hike. >> i got you. thanks. >> december makes sense. get through the election, so all the political stuff goes away. post election. raise in december. i think they shall raise in december. i think all the gold posts they've put up, they've met so they need to do something at point. yields are going lower in the back end. i think ten-year yields. >> i've heard your waivering a little bit in the last many days. >> listen, the price action on bonds, the reason bonds in terms of what it meant for the overall market has been absolutely wrong. right on bonds. >> or maybe the reason why rates have been going down. like there was a cat -- there's

a global deflationary period going on. >> finished? >> 16 hours and 30 minutes. i'm off my train of thought. >> i think yields are still going down. i was wrong about the broader market. >> the more important part is the credit market. somewhere out there. trz. >> take another look at the story of this evening. facebook crushing earnings expectation. the stock is off its best levels of the afterhours session. 6% though, knock to snnothing n. we'll hear from mark zuckerberg. you're watching "fast money" on cnbc, first in business worldwide. here's what else is coming up on fast. >> one bio tech stock is surging and it could be the start of a bigger rally. the ceo of that company will explain. plus, it's battle of the tech titans.

amazon and goggle out with earnings tomorrow and we'll tell you which one having the bigger move. when "fast money" returns. we' . where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley.

welcome back. amgen moving lower. meg has more. it was a beat and raise. why have shares turned around? >> it's a good question. good quarter for amgen. one thing they are highlighting is that the beat may have been driven by price increases, particularly enbrel, rather than increase demand across the board. that maybe why you're saying shares down slightly. the call is going on now. it's during commentary.

in the q and a, we expect the hear questions about the new cholesterol drug as well as competition for bio similars, these generic versions of bio logic drugs. finally, there's going to be questions about m&a, engine's got a loft cash. bio tech value vegasyigss f sma companies are down. and of course, we got news yesterday from third point that they have sold out of their amgen state. they've sold out of this complete stake because we saw bert opportunities elsewhere. that the commentary across the board for big bio techs right now. >> thanks. >> meg, stay with us. >> i'm wondering, they were able to increase price, but doesn't seem to matter for the stock. do you think we'll see that more broadly in the space? >> good question. these big companies still have been increasing prices on their drugs.

we talked about biogen still being able to do so, it's other drugs, the old eer drugs, that have more skrcrutiny. that's something third point warned about, hint thag you vont invest in companies with lots of debt that rely on price increases. >> thanks so much. let's trade. this and then we can trade others in the space as well. >> i think in amgen's case, i think the multiple is fair. there's not a lot of excitement in that pipe long island yes, these guys have price in power. this is not a stock i need to run in and chase. i think the bio tech space breakout, let's see where this trades. above the 200 day. 285 has been the top of that trading through that today. maybe this is a turn. >> i think a problem the it's run 15 a% in a month. when they look at pipeline, i disagree. when you look at 16 drugs in late stage and that's possibly right there and the 35 billion of car, there's a lot of reasons

to be excited. this is a bio tech, but trades like a pharma. we've talked about this time and time again as that. trades 14 or 15 times. gives you yield. has the elements along with xwrout and the pipeline is strong if any of those can be blockbuster drugs for them, that puts this thing into 200s. >> weakness. it was strong going into the number today. >> it should be. they beat by a dime. raised full year guidance by more than a dime beat. they still have an amazing pipeline to pete's point. this is 13.5 times forward earnings. i think it's cheap for the space. they have a great balance sheet. the ivb has broken out through 285, so i think you buy the weakness. >> i'm scared of the rhetoric. it's such an easy target. the whole industry for both sides and the idea that the government can't doesn't negotiate prices. what? >> not in the price. it will be continue to be under pressure until sort of a sell the news kind of thing.

>> she's got to move. >> up next, one of the hoets trades on the street is cooling off and some wadely held stocks down. as we go to break, here's another look at a facebook. it is surging this evening. up nearly 7% on the earnings blowout. the call now halfway through the. the headlines from mark zuckerberg and how to trade it when "fast money" returns.

here's where we stand with earnings. whole foods is lower. facebook still soaring on its big beat. sun trust bob peck monitoring the headlines from the red phone. he's going to check in with us in just a little bit. the first group sitting out this rally. hey, dom. >> we're at the halfway mark and things are getting better.

not looking great. having already reported and if all remaining earnings come in with ek peckation, we're to have 3% earnings decline. before the season started, it was an expectation of a 3.8% drop, so better. as for the revenue u side, they paint a slightly better picture. if all remaining companies report as expected, revenues will be down just .1 from last year. one of the sectors getting more attention these days, the consumer staples. the high relative payers. really need to dazzle investors. check out ko ccocoa cola. similar with mondolez and kimberly clark, which topped

estimates, but fell after it reported results. a question is whether or not the higher than average valuations for consumer staples companies are worth it despite low interest rates. the ultra low ones, which provide little to no income for bond investors. some of those may need to see fundamental strength that backs up those current valuations. back to you guys. >> what do you think about this in. >> the reliance on the deividen, you can see, in two day, you've lost your whole dividend. they're prices to perfection. they've been priced to perfection and so this is the risk of earning great names at the wrong price. >> i know we talk about this magnet for these stocks, but i think it's also because the business models for companies it's going to be defensive and head winds. not my turn.

but i think really you should never be investing in toks based upon a dip because you can lose that in one day. i'm thinking of a mcdonald's. ten bub bucks off its high. the more important part of this is that look at facebook. gross stocks. this is rotation. people giving up this trade. any major weakness in coca-cola and mcdonald's, i'm buying. earnings is a reward in companies that grow. >> i think into tech, but specifically, the chips. when we look at the chip names and if you go back a month, you get valuation, growth and on top of it, in many case, you're getting a great yield, so you don't chase yield, but that's a great bonus to have on top of efg else. you look at qualcomm and the entire sector now. look at what sears logic has

been doing. we got the apple numbers. there are all kind of different chip names that are performing well, including intel. they hit those highs, yes, it's off, but it's not far away. it's a day away type of thing from getting back to the 52-week highs. so i think there are elements and there are ak wii sixing going on. >> do we think earnings have justified the movement sns. >> they've been good enough. tim talks about this with bond yields at flat globally. earnings have been good enough. i don't think they're great. i think the market is expensive, but given the backdrop that's basely 0% around the worldish, they're good enough to make this continue to the upside. whether i believe it should be or not. >> still i ahead, the facebook call underway. shares are soaring. we're going to hear what mark zuckerberg just said about growing social competition and tomorrow, another huge day. amazon google after the bell, we're going to tell you why some traders see as much as $50

billion in market cap moving tomorrow and we'll do that when "fast money" returning.

there is a look at

afterhours. certainly a big move. up nearly 7% after blowout earnings. the metrics to hang your hat on. mobile revenues up 81% year over year. monthly active user, 1.7 billion. daily actives topping 1.1 billion. that's what facebook looks like tonight. going to be b a big mover and something close to watch as well. there are two big earnings from tech out tomorrow. alphabet and amazon. what to expect there. >> how are you? i'm sweating because it's hot or because these tw names are going to see big moves tomorrow. 5.3% is what the options market is is for the move in google oror alphab alphabet. each of these represents market capital saix swings probably in excess of $30 billion. now, the interesting thing is is taking a look at the options flows. the options market seems to be making a bet to the upside here.

and there we go. and amazon, not so much, actually. the put volume has been outpacing the call volume. two things could be going on. people betting against the stock or people who own it, you may be among them, with buying puts to protect themselves going into earnings. >> all right, mike. >> thank you so much. for more options anchor, check out the full show 5:30 p.m. this friday. back to the desk. amazon or google. facebook or google earlier. say google amazon. >> would you rather? google. no question. zpl am i posed to say that, would you rather? is. >> say it. >> so, would you rather? >> round it. tim. would you rather amazon or google? >> glad asked. google for sure. on the multiple, you're getting 20 plus growth. you're actually seeing multiple expansion and guys that are in

their space as well and i would argue that google deserves that now that they're a more transparent company. their website's growth is good. this is a paid user. i think facebook today shows you that if anything, there's a bigger piece of pie. would you rather? >> okay. google. >> i just cannot get on board. aws, so just talking to my broke r and long google. >> guy. don't play the host role. scott's sitting there. has a nice jacket on. >> i think the question's been asked. what's the question? miss something? what would i rather? no, but now i have to say google because everybody said google.

>> you don't have to. >> no, i'm not -- >> i will say this. amazon had an unbelievable quarter. two quarters ago, but you know what, i think that amazon, everybody underestimates the ability to go higher. i would rather amazon over google. i think they're going to have a very 2016 type of quarter instead of a 2014 type of quarter. i think margins will beat. >> totally agree with guy. i'll tell you what else, when stephanie lee decides she's going to not just talking, buying it, and she's bought amazon now twice in the last couple of week, i have to go with amazon and i'll tell you what, it's about the aws as much anything else now because we know margins are tight, but aws is where they're killing it. >> amazon -- giddy it up. >> still ahead, check out shares of bio marin yumping on good new

news about a major drug. the ceo is going to join us. plus, we are keeping an eye on facebook. mark zuckerberg speaking now. we'll bring you the latest from the call later in hour. you're watching "fast money" on cnbc, first in business worldwide. m here at the td amere 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.

whole foods, right to jane wells in l.a. you coined this mixed bag after the numbers came out. the street focuses on the comps that missed, right? >> yeah, i have to tell you, this call is really interesting. guidance was lighter than expected there. even going forward for the current quarter and the company's really part of that on a surprise jump in health care cost, though they are saying incremental improvement. while sales per basket dropped almost 3%, people had more items in their basket and whole food is finally seeing a turn around in the produce department and lot of talk about the new 365 stores. two are open. 20 in development. lower cost items. more automation. lower cost to operate.

walter rob says it's been a huge success. they are using lessons learned there and things like store management team structure at regular whole foods. they're redesigning these things on the fly based on what they're learning. in fact, the company is quote reviewing their pipeline for all of whole foods. they're going to slow it down as they're taking everything they're learning. watch. listen. >> we're creating a new customer. wrodenning the import and the effect of whole foods market on the marketplace through these stores. we're reaching customers that we have not reached. that's clearly what the data shows. >> so, new people are going to 365 who don't shop at whole foods. the next is about to open up near seattle. it's close to a regular whole foods and they should have more information about -- as for competition, john mackie said no sense of denying it, competition is bigger and we're responding. he said people don't have to drive as far as they ewe d to

because they can stop by a kroger to get products they used to only get at whole foods. he added they just opened two flag slhip stores and quote, they're kicking butt and the management team hibted they are taking shares at competitors. even though it's a small part of this xen, it really dominated the conversation. >> thanks, jane wells in l.a. monitoring that call. pete, what's the trade on this one. >> for me, the metric we look at is same store sales. when that has issues and at 365, you've got two stores. it's a great pipeline, but it needs to deliver. it's not yet and that seems to be a ways out still. >> these guys are getting crushed on price. especially for high usage households. if these guys continue to see 2.f sales declines, they're ebitda margins are getting destroyed. i would be underweight this stock. >> i'm kind of intrigued. i like the management, the brand.

clearly, they've run into some hard times. if we get a decent pullback, i wouldn't jump in tomorrow. let it shake out, but i think it could be interesting. >> help $30 the end of last year, most at the beginning of this year. gross margins were disappointing compared to last year, but better than expecteded. if you can get it at $30 and it holds tomorrow, i think you buy the stock. >> to bio tech now. marin shares surging 6% today. meg joins us now with an exclusive interview with the ceo. take it away. >> thank you, great to see you. want to start with the data today and just the size of this opportunity for you guys. with potentially one treatment to improve or even cure this disease. how do you price this? a million dollars a pop for one treatment? >> hi, meg, great to be here. we have a little time to decide how we will be pricing this disruptive technology, which has

the potential to save the lives of, to change the lives of the hemophilia patients. there are about 100,000 hemophilia patients in the world. about 50% of them or so are severe enough to need the you know, weekly or twice a week injectio injections. that would be our target market. today, the average severe hemophilia patient in the u.s. spends about 250,000 per year over their lifetime in inject n injectio injections. >> so one treatment could make that lot less expensive over the lifetime of a patient. you've said before for your rare disease drug, you're planning on filing for approval mid year. can you give us an update? >> since we released this data on factoring for hemophilia, we also received a notification

from the fda and that's a new information that our application or bl application for the potential approval of our product, it's also called -- for the treatment of a form of batten disease, has been accepted for filing by the fda. we have breakthrough designation. priority review designation and the date, which is a date that the fda needs to make a decision on the broader of january 27, 20 subpoena. so this is fwragreat news for patients arn the world. >> so, new news there for the drug. i want to ask you now about any area that i know you've gotten out of. that you are an expert in after going through the regulatory process at the fda. it is now in that position. with your expertise there, can

you give us any indication of how you're looking at their chances of getting through the fda? >> i knew you would be asking that question since you've been following that space. i would prefer not to make any comments about this filing. and the good news about for dmv patients around the world, there are many in addition to the product, there are many therapies in early stage development. actually including potential gene therapy for muscular dystrophy. >> thank you so much for joining us. we'll catch up with you again soon, i hope. >> thank you. >> thanks. trade this one? >> if you want to be short, intraearnings on august 4th with a potential for a company like roche to make a bid for these guys with short swres of 15%. the answer is no. how do you trade it? from the long side here.

>> when i list to him, i feel comfortable their pipeline is rosy. i think it's a stock pick and largely you want to stay clear of. >> all right, still ahead, facebook higher after hours, but the stock is getting some back on the comment frs the call. we're going to hear what's cutting into the gains after the break. & in a world held back by compromise, businesses need the agility to do one thing & another.

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facebook higher after hours, losing gains after the call started. julia, what did they say? >> hey, scott. that's right. mark zuckerberg talking about what struck not only revenue, but earnings. he also noted that higher engagement is up by double digit percentage points. he says a lot of that is is about video. >> ten years ago, most of what we shared and consume online was text. now, it's photos. and soon, most will be videos. we see a world that is video first, with video in the heart of all of our apps and services. over the past six month, we've been particularly focused on live video. live represents a new way to share what's happening in more immediate and creative ways.

>> well, the stock did equivalance up some of those gains because on the earnings call yus moments ago, facebook cfo david wehner upgraded guidance. he said they anticipate lower ad revenue growth rates in every successive quarter in 2016. he also warned that the company won't be able to use add load as a significant factor driving growth after mid 2017. wehner also uploaded the capital expenditure, saying they'll be at the top enof the range. $4.5 billion. this as the company invests to support the growth of the business. he also narrowed the range of nongap expenses to 45 to 50%. down from a higher range that went up to 55%. now, wehner along with sherrill sandburg talked about how they are working to grow revenue across the board. >> people have shifted to mobl and marketers know they need to

catch up. mobile is no longer a need to do, it's a must do and we're working closely with marketers to make this transition. the best understand that people watch videos differently in mobile feeds. the goal is to create what we think of as thumb stopping creative. videos that grab attention in the first few seconds even without sound. >> they're talking a lot about how they're growing the emotional number of advertisers. they've added about 10 million small businesses that have a presence on facebook yus in the past three months. they now have about 3 million businesses advertising on facebook, so there's huge potential to grow that number. and they talked about how messenger in particular is really in its early days in terms of turning those 1 billion users into revenue. guys, back to you. >> thanks so much. let's trade this again. you think the stock kay trs started to trade is going to continue a bleed tomorrow?

>> i think the stock's going to be up tomorrow. whether it's up 7% or three, i'm somewhat agnostic. i think the price, we want to see the modern saix of what's up. i think the bar is high. these guys nailed it. what do you say? >> i think low in the name. to tim's point, down to 128? yeah, but you want to stay with the stock long-term. every metric continues to be especially on the margin front, you stay with the name. i don't think given the ralluation of 26 times forward earnings is that expensive. >> sorry to int rut you. now, if apple is going to get a bit of a reset higher, if -- >> because of this? >> just in general. in general. for a stock that hadn't been able to do anything. if it starts to get reset and money starts to come back to apple in a meaningful way, is there a chance it comes out of facebook in a run and there's a little rotation? >> i don't think so. now with this kind of quarter. i could see it coming out of google before it comes out of apple. this quarter is really extraordinary and i think tomorrow, we're going to see big

rerates of the stock because this was a very, very significant piece. >> final trades now. pop peck. you saw the must remembnumbers. >> users grew across all regions, modernization across all regions. all lower costs. grade a. >> thanks so much for being here on the red phone for us. very important earnings. what about around the horn now, pete? >> i love the quarter for facebook, but i'm going boston scientific. acquisition today, this name is going higher. >> i think expeck tases for google into their numbers are balanced, 20% growth. future transparency, current. i say google. >> we talked about it earlier, i think whole foods is worth a look. if you can get it around 30, lower than 30, it's great. i think this is a team that would do whatever it has to do. >> great having you. you look great.

i mean that. >> gold's going higher. catch "fast money" again tomorrow. 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 cramerica. other people want to make friends, i'm just trying to save some money. my job, not just to entertain but teach and coach you. so call me at 1-800-743-cnbc or tweet me @jimcramer. the action in some stocks, well, let pea just say it's pretty darn easy to explain. facebook reports one of the best quarters of the