with vera wang on the alta come thg fall. >> would you wear it, suzanne san? >> bracelet didn't look bad. >> see if there's an upgrade. >> i'm on if fence. >> pleasantly surprised. >> thank you for joining us. that does it for us. "fast money" begins now. >> that's munz starts right now. live from the nasdaq market sight overlooking times square, i'm melissa lee. your traders on the desk are -- tonight on fast, it's been quiet out there, but one says brace yourself, a storm is coming. he'll tell us what has him so worried. plus, tesla shares are doing something they haven't since going forward and it could mark a milestone for the stock. we'll ek plain. and later, photos of what could be the new iphone has apple fans going wild. what it could mean for shares of the tech giant, but first, we start off with the best market. the s&p 500 up a half a percent.

and the rally was led mostly by the financials. and here is why that matters. check out this chart. it's a good one. for the last two months, if you want to know where stocks are going, look at the financials. they are breaking out once again, so, are banks now flashing the buy sign for stock? >> well, they're flashing the overheated sign. >> on the technical basis and again, i look at relative strength indicators and by the way, that can quickly be worked off. so, bank of america's got to decide, that means it's in extreme territory. i think the banks obviously they look interesting, not just -- because the fact of the matter is you're seeing housing market starting to escalate. valuations in this sector that are defensible. there's a lot of reasons why people can feel good about financials now and they they didn't six months ago because i think d -- >> market being overheated.

i would say that's probably consensus because everyone's looking for the sell off. >> sell off in september is probably the biggest telegraphed event. if we don't get that, everything just rips new highs once again. >> we're talking about banks and i look around. >> they take fms well because they've underperformed. 2%. backdrop. s&p, about f% year to date. that would be the most unconsensus view to have financials rip higher and the market make new highs. >> i think that's changed. i can't disagree with that. i think that the market looks settled for september. >> i get the side of the year to date performance, but it is momentum the past month or so that has been dramatic. you take a look at the sectors, it is the best performing sector. that contest. >> great things for the broader

market. not pretending by any stretch of the imagination, but the market doesn't get give the highs, right around the all time high. how do financials play into? ipg i understand why people buy financials. he mentioned an yeefr heated rsi and then talked about work itself off. that's right. bank of america can trade around 1600 clrs. levels we're seeing now back to reasonable levels with the stock not going down whatsoever. it feems like they're breaking out. my still favorite place in the stocks are the exchanges. cme for example, that's make k a a ten-year high. much better year over year and names like u.s. bank, which is very boring. >> i like long for a while. great, but it's a tiny move relative to what has been for years of this sort of back and

forth, but i think -- >> devastation. >> for financials. not just back they're well off the lows. >> that's my point. there's a bounce of not a huge magnitude, but if you step back an look at the data that came out today, pretty good, which just sofrt gives more fire power for the fed to do something. probably higher, which is good for the financials. if they do raise though, proeshl sure to turn back to the market. >> jobs on a friday. so you can still see the trade in the xls continue to go higher, but this trade probably has a time stamp on it for the next meeting, so i think if you're in the financials -- >> for the september meeting. they don't do anything. >> now we're back to the same top foolish talk hawkish act outish! for the broader market, which is encouraging, this is a cyclical

value. look at the rails. a bunch of the industrials. they've had a chance to massively deleg. up 60% this year. about five times to 3.1 time by the end of next year. it's a dollar play. commodities and cyclicals. they'll go down together because they'll act as a reaction. zpl a lot of things though in the market sort of don't make sense. you take a look also in the bond market. tlt was up more than the financials. both were up together. >> sort of a head scratcher. that move was a bad move and then today, you got it all back in spades.

despite what the fed may or may not do, that's something tlt is going up, meaning rates go down. which means as tim pointed out, doesn't having -- >> we can live in a a world where tnt goes higher and financials continue to go higher. i don't think they work out together. >> i think brexit was the bottom of yields and i think even though i've waffled a little bit on where i think rate rs going and that was a deflationary signal. you have a reason for cyclicals and financials to continue to build even if the fed's going to hike once or twice, that's dwold gold i locks. >> anybody do anything today? i know it's a quiet summer week. zwl i bought dollar gen. i bought ilt today.

we'll talk about it later, but you have to keep in a floor and exit strategy. >> i like growth and want growth. because i feel like the dividend play is getting so excessive. i'd rather own growth. >> haven't done anything today, but what i'm screening for are names overbought and in the retail sector, i think you've had massive moves. best buy, where i think they don't justify the challenges. two year highs you're trying to work off. these are valuations, i think you could short these names. >> i understand more headline risks and valuation eight times forward earnings, maybe not as cheap as you'd think. you look at the impact of earnings going forward, you put

a fair valuation on this stock. trading 43 now. i think it's a stock once the dust settles, klose to a $50 name. a lot of the problems they face now were created by the government and forcing people not to be in the same space. >> this is the government we're talking about. >> i think this move to, tink optics are terrible and the wake of you know, with that said, they will get through this. i think it's still a cheap stock even with the epipen news. >> even with today's rally, the market has been trading a tight range. our next guest says september could change that. chief market technician rich ross is at the smart board. >> as we know, it's been largely a trend list summer over the last six week, but i'm always on

the lookout for the perfect trade "fast money" and ipg i've got just ticket here. unfortunately, the perfect trade could be the perfect storm. we're going to start with the vix. volatility. now, this is an inelegant trading tool in is laigs, but gifs it a good backdrop to frame our trade. what do we know that post becs it down here at multiyear lows. do you know what the best month for volatility is? september. meaning volatility goes higher and in theory, risk assets go lower, so what are traders do g doing? they are most short volatility they've really been on record, so during the best month, they are most short something, so that's the potential for that perfect storm. the pain tray people talk about could be volatility going higher. haven't seen it yet, but september, keep an eye out. now, that brings us to the s&p 500. do we happen to know what the worst month is? yes, september. so with vix, the best month for volatility going higher and

stocks going lower. we see this breakout, obviously. most of the gains post brexit come in the first two weeks. credit where credit is due. have this consolidation and you're in a tight ring. almost historically tight range going back to last monts or so. there's a case we could get a breakout here, but with the positioningsing going into the worst month seasonally speaking, i still think that the bigger trade is to the downside. you see the neckline here. 21.30. that's your break point. the point you don't want to go beneath. about 2% from part level, so it's not a big push. so hokd we get there? we're going to look at crude. we love this head and shoulders bond, but what we don't like is shoulder season. that's when the driving end, yes, demand goes lower and crude. we failed into the neckline of the pattern around $50. we failed into the 100 we can moving average, so a failure into resistance you enter a

season of poor seasonality for crude. that's bad set set up. i think we could test the right shoulder down around. just to finish it, when you're talking crude, you're talking commodities, emerging markets, they've had a r poor quarter so far when you talk b about commodities, ag, crude, gasoline, hasn't been going well. brazil, up 60% off the lows. 20% since just brexit alone. but where are we? right into a multiyear down trend and look at this. tuke abotalk about poor seasonality. august 29th of last year. you start a 26% decline. in brazil, you're most overbought. facing a prospect for a fed rate hike and consider this, once again, we talked about positioning. they're most short volatility, lot of lopgs in stocks and the second biggest in flows in etfs are going into emerging markets just like bra sill zyl, so you have this backdrop for a potential perfect storm.

>> you know, rich is at the smart board. should we invite him, do we want to talk to rich more? ask him a couple of ke questions? invite him over? come on over. bring in the chair. chart off with him and carter. >> just going to bring a chair here. thanks for coming over, rich. >> that's fantastic. >> all right. you're saying long volatility, short s&p 500. oil goes lower. so, the sectors within the s&p 500, which look most vulnerable? >> well, clearly, we've seen this rate trade. obviously, the defensives that have been leading, those big yield plays. the staples, telecom. i think there's room for those stocks to move lower. given that extreme position. positioning can push things around here m i think the

defensives continue to move lore. seen what's dpoipg on in health care. bio had a lull. mi lan going under pressure. going into the election season. people like technology more immune to macro, so tech in the world of low growth, tech and growth is a good place to be. >> probably time for carol burnette show. seriously, it seems as if what you're talking about could be another opportunity to buy this market. if anything wha i'm saying is a character change in emerging markets. >> talking about a character change, the tiger doesn't change its stripes. i've heard about a -- the dpraetest opportunity is when nobody wants to buy emerging market, not when it's the second most inflows of all etfs. i think this has pushed people out to the cap of the risk

spectrum, if you will. i think you're going to have a hard time. bringing the fish back home when that perfect storm hits. >> this is lost on you. george clooney movie, perfect storm. >> that's what a double r does. >> i thought you rushed the answer by the way. you could have paused more when you said you know what the worst month is. you know what the other canary might be? they had that brief rally, but are starting to give it back. maybe there's something going on. >> i don't think you have to be right though to have a few good trades. risk reward being production is good. >> rich, thank you. >> thanks for coming all the way over to the set. coming up. worst year ever for tesla

shareholders. share rs in danger of making a rather dubious milestone. plus, leaked photos of the iphone 7 are burning up the web so, so what do they tell us about new phone? i think it's quiet out there. think again. some stocks are if the midst of crazy rallies and their names are sure to surprise you. we'll tell you if any of those are a buy. [engine revs] ♪ [cheering]

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who are you? i'm vern, the orange money retirement rabbit from voya. orange money represents the money you put away for retirement. over time, your money could multiply. hello, all of you. get organized at voya.com. narrator: it wasn't that long ago. years of devastating cutbacks to our schools. 30,000 teachers laid off. class sizes increased. art and music programs cut. we can't ever go back. ryan ruelas: so vote yes on proposition 55. reagan duncan: prop 55 prevents 4 billion in new cuts to our schools. letty muñoz-gonzalez: simply by maintaining the current tax rate on the wealthiest californians. ryan ruelas: no new education cuts, and no new taxes. reagan duncan: vote yes on 55. sarah morgan: to help our children thrive.

reagan duncan: vote yes on 55. [ clock titime. ] you only have so much. that's why we want to make sure you won't have to wait on hold. and you won't have to guess when we'll turn up. because after all we should fit into your life. not the other way around. tesla falling the% today. shares of the car maker down about 10% this year. if the tok were to close the year here, it would mark first negative year for shareholders since going public six years ago back in 2010. grasso, shareholders be worried? >> i think they recollectshould. >> isn't the bloom off the rose?

>> sure. >> the shine off the apple. it's confusing. there's a bounce level. 205 down to 190. trz fundamentally, the torre has changed and technically, the story is challenged, so either way. >> it wasn't too long ago, we were say iing the shares were trading like a champ given the autopilot fatality and the accident, et cetera. solarcity deal and yet, you take a look back and the performance has been good. >> makes you wonder with all the capital market stuff going on. the only guys stepping in for the senior directors. when you consider the fact that really, the only thing in the grand vision that's working, we know tesla is making a great product, but in terms of deliveries, in terms of being

the mass market car, changes before it gets out there first of all. the battery is the one thing that works and it's in the price of tesla and if solarcity fails -- >> thanks. that's why you should be cautious. >> over the next 12 month, more to the bull case. i think the people that hold this stock in a major way, they believe the story. i don't think they're flying out of this name. >> you can't say that though. just because people, i hear what you're saying. that investors, tas cult stock, but at some point. >> loses it cult, doesn't it? >> that becomes a scarier environment. >> the major hold ers won't sel it. they're inclined to se sell it ate 125 than 215.

it's their absolute belief in the story. zpl when do they niese to raise money? >> they already did. they're not done. >> get a bigger boat. >> and the bulls are -- >> every time they've had an offering, it's traded well after that. >> we're right back, i think it was 215 before they priced the last one. you're in the bull camp. gl why not just because. >> broke the 200 today. >> dennis gartman ready to pull the trigger. you're watching "fast money." in the meantime, here's what else is coming up. >> maybe not. because national home prices are about to do something they haven't done since the housing crisis. we'll tell you what that is and what it could mean for the ra

rally. plus, did you see that? reported leaked photo of f the new apple iphone could give shareholders a reason to smile. we'll tell you what when "fast money" returns. when it comes to medicare, everyone talks about what happens when you turn sixty-five. but, really, it's what you do before that counts. see, medicare doesn't cover everything. only about eighty percent of part b mecal costs. the rest is on you. consider an aarp medicare sulement insurance plan insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it could really save you in out-of-pocket medical costs.

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because no one knows & like at&t. apple today announcing it will host its annual fall event on september 7th. guy, mark your calendar. >> for what? >> hello. >> not on two. >> this all comes as leaked photos of what is reported to be the new impb 7 make their round on the internet. hey, josh. >> well, that's right, melissa. this is from our colleagues at cnbc asia. they tell us that the chinese media is now reporting that china telecom has only started prebooking orders for the iphone

7 and there are some very specific descriptions of these new phones. they're said to be waterproof, offer wireless charging, dual camera systems with better photos, bigger battery, removal of the headphone jack and new color options like night sky blue. so apple declined comment to cnbc about these alleged leaks, but there is a lot riding on this new iphone. apple's flag ship product has been under real pressure, sales have fallen for two straight quarters. if xhaen's overall sales fell 15% from the late err quarter. apple shares up 10% in the past six months. down 13% from the 52-week high. telling me there are 275 million active imps older than an impb 6 still out there, so the bet here is that many of these users will be ready for an upgrade even if the 7 only boasts incremental changes. we could soon find out. >> thanks so much. josh lipton.

in case vacation last week, karen, you sold on apple. >> two-thirds. most my apple sold. for no other reason that i don't know what the right multiple would be here. selling into quarter did the right thing to do. i got to say, if the it is waterproof, that is a good thing. that is a huge thing. >> is that what taking the headphone jack out means? why is that special? >> wireless one -- i don't know. >> i think wireless charges would be fantastic. >> you can do that now. >> but if that's the standard. >> let me ask you question. talked china taking preorders. wouldn't somebody know if that were true? who do they take the orders from? >> i mean, i don't know. somebody -- >> once the stock and provider,

who wants and we're watching do a wait list because we're going to get an allocation and we want to know what demand is. if you liked china, you're going to love india. i think the penetration is lower and i know you're worried about asps, but they're going hard on india and i think if anything -- >> why is everybody discounting the india side of the story. why is everybody hopped up on china. >> i think people believe per capita income in india is that much lower. i think this is a very big story if you thought apple china was a big story. >> a major tail wind was the money offshore. how many billions they had offshore. it was a ruling tomorrow. coming out of the eu. when they say how much is their fine going to be, if on taxes, is it going to be 1 billion, 19 billion. so i think that's a huge question. polls love it had the money offshore. it could be a negative. >> karen sold the stock. probably has a right to sell was if you look at it, this is where these levels are trading out.

where we failed earlier this year. since the middle of earlier last year, made a series of lower highs, lower lows. failed at 110ish. if it's the lackluster announcement, she probably gets another chance to buy it back around 98.5, where it's been a lot of the time this year. >> ahead, is the king dollar back? dollar index and dennis gartman getting ready to make another trade. he will be here to explain. plus, don't look now, but home prices are approaching record highs. could another housing bubble be brewing? diana olick has that story. diana? >> well, melissa, just four years after home prices crashed into the basement, several cities are reaching new peak highs in prices. so, are we making bad choices again? or is this just a healthy housing market? we'll discuss it up next. where, in all of this, is the stuff that matters? the stakes are so high,

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stocks having their best day in a month with major indices.

the biggest loser all ten s&p sectors closed. second half of "fast money," it's been a slow month for the market, but not all stocks, not for all stocks i should say, a number of stocks are having huge moves higher. the traders tell us whether they're trade iing or paying so of this summer's biggest movers. plus, shares of fit bes have been crushed this year. down about 50%. will this new bet on fashion pay off for the stock? a special report later on, but first now, a look at home prices, they're surging to record highs, a a sign of a recovering economy or new housing bubble. diana olick has the story. >> just ten years ago, last month, home prices hit their peek of the boom and we know what happened after that. values dropped for six years by the most in history, but somehow, we are almost back to where we were. june marks four years of national home price appreciation

with prices up 33% from that bottom in 2012, a new report from black night financial services puts the home price on average in june at $265,000 and that is within just 1.1% of a new record high. the difference today though from a decade ago is that these prices are not being driven by faulty mortgage products that people can't afford. they're being driven by a lack as well as near low mortgage rates. those who say housing is not in a bubble argue they're more affordable, but that is phenomenal you qualify for ease low rates. >> the key is the tightness of the credit box. right now, it takes pristine credit to qualify for one of these great rates that are out there today. it also requires a hefty down payment and while yes, there are some lower down payment programs out there, coming up with cash in this environment for some people is tough.

>> 14 cities have seen crossed new highs. markets where job growth is strong due to tech workers. only st. louis saw home prices drop, but apparently, there is a limit. san jose, which is some of the highest prices in the nation, did fall off its peak and the gains in san francisco are finally breaking. >> the stock of. >> howard:s that are out there, not just coming on the market, but that actually exist, what is the size of that now versus looking back peak? >> the stock of housing simply is extremely low. we've seen it drop month after month after month from a year ago to very low supply about a four month supply of homes for sale. you have low supply op the low end of the market, which is where we need supply. homebuilders have not been

focusing on that side of the market because they weren't able to make money on it. where you see a lot of houses is on the high-end where we don't need them because that's barely 2% of the market. >> thank you. grasso, you got a couple of builders. >> year to date, up 27%. halty home, up 18%. if you look at the whole complex, it's flowing into the builders now. first time home buyers, that's going to be a big aspect of it but, if you look at the home depots and lows, that was last year's story. they're up 2%. so i think that story was the early stage. >> back to 2015, here's a stock everybody loved. valuation got rediidiculous. they just reported their second quarter. wasn't great, but wasn't disastrous chlts marnlens weren't terrible. operating margin, still 7.2%. which wasn't a disaster. it teld 50 this year, held it again. it seems like.

i think this quarter was good enough to see a bounce in wsn and short interest in the name is approaching that 20%. >> who thinks some is low as that trade was over last year? >> i think the better trade is the homebuilders. >> just more beta? >> residential are major indicators and there's no question that people are remold . i think there's a lot of even additional new dust mers, no threat, et cetera, et cetera. i think the homebuilders, one with the greatest leverage to their business. they went from a defensive play, they've started to grow and begin to try to push out on the production front and i think there's room. the inventory is very tight. smk like masco to me has had a hunl run. >> also the retail side. >> whirlpools. >> i agree. those seem to be in two different worlds.

multiples of those, so vastly different. these might not respond well if we see a hike. in the short-term. >> which might not respond well. >> homebuilders. >> what's the most they can do? >> the most they can do in terms of going down? >> and low rates. there's an 18 month lag between a settling and low rate environment before it starts to impact on the housing market. i think we're settled into this, whether we're going higher now. >> still ahead, market hasn't gone anywhere for august, but a handful of stocks have had extreme moves. the traders tell you whether they're creating or fading right after the break. plus, u.s. dollar is jumping to its highest level of the month. dennis gartman making a bold call. what powers the dital world? communication.

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zblmpblt it's been a quiet summer for stocks, but not all. >> as markets trade in record high territory, there are a number of stocks that have posted big gains in august starting with netapp, up 33% this month on better than expected earnings and an

upgrade. also trading 35 prs above its moving average a. over 23% on speculation there could be a shortage in the flash memory device after hp reported earnings and in the energy sp e space, chesapeake has the attention of investors up 18% in august as oil prices recover. also news it was increasing its term loan to $1.5 billion. that's easedly quid . lastly, urban outfitters bucking the downward trend in retail posting -- share is trading 35% above its 200 day still despite the recent mover, many of these stocks are well off their high, begging the question as to whether this is a big dead cat bounce. >> thank you so much. so, let's trade it or fade it. zben, chesapeake, urban outfitters.

>> it's a nice move there's been a lot going on in space and price improved. that would be the one i would go with. >> you mean trade it or -- >> i would yes. trade it. zpl tim. >> this is still a troubled company on a turn around. i mentioned a kouchl names in the show, dick's, best buy. take the money and run. the valuation isn't terribly cheap. >> chesapeake, take the money and run there. especially as i said in the beginning of the show, we see a good print on the show, you're going to see this stock come in hard. i think chesapeake is down. >> just because the dollar will go higher and lower. >> dwen, does that have to keep

oil at 50 bucks because i think that could rip your face you have. >> it's long in the tooth to begin with. to be prudent, protect yourself, but this one is prime for a sell. >> going to be shocked at what i'm about to say. >> never shocked. keep going. >> you're going to say long our ban yut fitters. >> didn't talk about that. everything tim said, they are a troubled company without committee and the move off $20 has been crazy to say the least. valuation is probably stretched, but there's still a significant shortage there. in the last quarter, inventories year over year, up 3%. there's going going to be a point to sell the stock. >> almost overly recognizable. so if it's out of place, this is heavily discounted.

in fact, i don't see how martin -- much past where they've improved to. again, that's my view. >> isn't that it? >> what makes markets. >> fas fate nating. so nd your head. sticking with the -- the dollar index reached its highest levels in three weeks today, so we thought we'd play high e or lower with our good friend, dennis gartman joining us from virginia beach. good to see you. >> good to be seen as always. stocks higher or lower? >> trend is up. can't fade it. every time i try to do that, it goes in my face. higher on stocks. how about gold? >> probably still high er. especially in euro terms. i think we've seen gold turp around for the better here. i think the monetary authorities are going to be expansionary.

oil. >> lower. it has no choice. the monetary, the con tangle continues to widen. we continue to see a great deal of new crude coming on stream. especially from old wells that had been drilled and were -- oil's going lower. >> are you net long stocks, are you position ed that way or d. >> i walk nd the morning marichally net short. didn't like the way, i thought we were going to have a praek on friday. marginally net long a few different stocks. hedged, but marginally net long. >> what should you do on the dollar? >> i think the dollar is going to continue to go higher. probably quite a good deal higher. especially relative to the euro. i think par versus the euro is a given. i think we're starting to see a long-term change in the yen versus the dollar. i think par has held against the yen. i think we could see yen back to 110 or 115 in the not too

distant future. yes, stronger dollar. >> shouldn't that be difficult on gold and anything in tra trade? >> yes, it may be difficult on gold. therefore, i've always said i'm long gold. i'm very comfortable being long gold in euro terms. far less comfortable being long of gold in dollar terms for precisely that reason, tim. >> real quick. is that dollar predicated op fed make move iing in -- actually, s september the like this week, right? >> not really. i think this trend in the dollar had been stronger. clearly, that will not hurt the dollar. i think it's minimal at best. if we're going to move, we're going to move in december. i'm bull ibish of the dollar because we are still the strongest economy in the world. money is going to move to us on balance. >> dennis, great to see you. thank you. >> thanks for having me on. >> who agrees with dennis on these calls? >> i do.

i think a dollar goes higher. mostly. he said a lot there. next time i buy i brbm, i'm goi to say in yen terms. sounds so smart. no one could arlg can with it. >> you have to say long. >> it's very important in terms of saying gold is going to go higher in specifying what currency because there's a big difference. if you're the ordinary guy, you're buying gld and that is in dollar terms. >> the thipg about the dollar, what dennis said, one of the last sentences, which i think is right, it's less about the fed being price d into the dollar. face it, you think the fed, whatever the fed's going to do, it's in the dixie with the asumgts that we are so far different in terms of central bank policy. i think it's actually the opposite. those other central bapgs are running out of gas or realizing everything they're koing is not working. efficacy not working an that the current circle l of japan and europe are what's holding those currencies up and they will

outperform the dollar. that's the dixie. em currencies are still outperforming in the last few days. >> gold has hung in there. i think it goes higher in whatever terms you want to throw. you're dollar. fz i think people are flocking to gold. i think gold is going to work its way higher over the roast it have year. >> health care is one of last week's worst performing sectors, plus, fit bit announcing upgrades, but is it enough to save the stock? you're watching "fast money" on cnbc, first in business worldwide. that smile they can hide. the dance class they love.

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fit bets getting fit and fashionable. adidi has them with our for her debut. >> hey, melissa. thanks for the warm welcome. great to be with you guys, so, this is the flex ii and the charge ii. both are reboots of two of the company's top selling products. the flex ii is 30% slimmer and

swim proof. it's also moving the company in a more fashion forward direction because you can take this activity tracker out like this and place it in one of these bracelets. the jewelry line also includes necklaces. the charge ii has been refreshed to include a screen that's four times bigger than the original dwigs, so you can see more information here. it tells you in real time, the intensity of your workout and also has a mindfulness feature. there it is. the relax feature. both start at the same price as their original models. both are on presale today. now, fit bit execs tell us they dealt in the jewelry based on feedback from female customers who wanted more stylish omgss. with the stock down around 50%, they're hoping these products will bring in new customers in time for the moll day season. trz. >> we give everybody's bought these products in the past a chance to trade up and get to

the next generation. the next level. second, with all these new feature, now, we're making these products more powerful, so we're going to attract new people into the family. >> fit bit still dominates the wearables market, but it's market share has declined 8% yearover year. >> have they expanded, do more and more people want to wear fit bits and wearables? >> that's what a lot of analysts are saying is that not only has it expanded because there's more people in it and different price points, too, there are a lot of less expensive alternatives. also, you see a lot more fashion companies also going especially into that jewelry kind of segment of it. kate spade, michael kors have products or expect to this fall. >> an increasingly competitive marketplace.

are newfangled lets -- >> i got stuck on relax. zpl no, no, don't move. i'll get that. i think the. >> i feel competitive pressure from so many places. market share loss is a problem. i think it will accelerate -- i think the stock is actually interesting at these levels. because of the cash and balance sheet. if anything, there could be a strategic element to this. there's huge competition. they weren't justified trading five time higher. >> biggest risk, 36% short inte. i could see that being a

problem. >> they say one good thing about at the kusht valuation, 11 times forward earnings. with that short interest, it's an interestinging stock. >> shifting gears. mylan's announcement about cheaper epipen jump-started a series of options bets. >> yeah, when you look at the options world here, you look at the xlv and that sector, we saw calls outpace puts 11-1. does the sector have upside momentum? basically, what we saw is that in the etf, xlv, we saw calls trading, a purchase of 40,000 calls for 59 cents. they believe xlv will get above $76 by october. you've got wonder is it prices in the rhetoric around industry and the pricing powerer, is that starting to be priced in and will stocks start to move

higher? this option trader believes $76 and a 52-week high is in the cards for xlv. >> charn, what's your take? >> i'm afraid of the space because i feel like there's so many potential. we've seen various lawsuits and what not. so many other companies could get involved that would -- >> i'm afraid. >> more options action, check out the full show fridays at 5:30. coming up on final trade. i'm here at the td ameritrade trader offices. steve, other than making me move uff, what are you working on? leme show you. okay. our thkorswim trading platform aggregates all the options data you need in one place anlets u visualize that information for any options ries. okay, cool. ng on a second. you can even s the anticipated range of stock ngexpecting earnings impressive..wh's up, tim.

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tim. >> last week, high-end is performing. i think the stock on valuation makes sense. >> karen. >> talked b it earlier today. facebook. still like it. from an hour ago. half hour ago. >> steven. >> dollar gen got beaten badly last week. acted poorly, but it stayed threw and it's acting much better. keep it on a tight leash. i'm long. >> gee. >> what's going on? what are you doing after the show tonight? >> gettinging my haircut.

why? when the announcer in tent, was 98 bucks, right back the 98. where you buy it. >> thanks for watching 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 cramerica. my job is to make you money. so call me at 1-800-743-cnbc or tweet me @jimcramer. the market speaks in tongues. that's one of the reasons it can be so confusing. but fortunately, i'm