where we are 25 years from now, that's for sure. >> yeah. that reminds me of the tax projections. well, in 2040, we think the baseline gdp -- my god. >> we're broke in 20 who. >> thank you guys. dani hughes and michael santoli. "fast money" begins right now. "fast money" starts right now. live from the nasdaq market site overlooking new york city's times square, i'm melissa lee. pete najarian, tim seymour, brian kelly and guy adami. tonight on "fast," a number of stocks that can usually survive just about anything are getting hilt and one top technician says look out below. he'll give us the names and what's got him nervous. and the mega cap tech stock that hit an all time high today and why it could be a must known for your portfolio. the conference call kicking off right now, josh lipton in san francisco, dialed in, ready to bring us the latest headlines. intel added to the list of losers so far. this earnings season, along with

johnson & johnson and ibm. the winners are the banks, like goldman and jpmorgan and, of course, netflix last night. so the question is simple here. given what we have seen so far in the companies that have reported so far, have the earnings justified the rally? guy, what do you shea? >> i think so. the stocks that have done well are being rewarded as they should be. and there have been companies that have done poorly and they're getting blasted. ibm one of those names. but does it justify the rally? tim has been making this point pretty consistently. in an environment where you have interest rates at historically low levels, all be it off the lows, 18 times or so, 18 1/2 times forward earnings after the s&p, maybe that is sort of cheap. i still think it's a little expensive and i would push back that gap earnings are probably much higher than that, probably closer to 25 times forward earnings. but when rates are this low, i think the market probably is considered. >> so you brought up gap earnings, actually a pretty important point. if you look at corporate tax receipts, this is what

corporations pay on their earnings. you can't lie about this. you can't fudge around with nongap numbers. they are down 14% from the 2015 peak, yet the market, stock market is up 1, 2% at this point in time. so i would say that, no, the actual underlying earnings do not justify the stock market rally. that being said, it does continue to go higher. so -- >> hold on a second. what were we expecting? earnings expectations were negative, if you consider where we reported with 15% of the s&p and what's expected, you moved to slightly positive. they're beating on the top line, which is what everybody wanted to do, and if, in fact, you look at where we are so far, tony dwyer had a good piece, we have tony on the show a lot. over 70% have beat already at this point in the cycle and usually about 49%. so who did we want to beat? he wented the banks to beat, high quality numbers. who really cares whether we missed on ibm. frankly, we knew we were going to miss on ibm. so if we wanted the sectors that need to leave this market to go higher, they're doing it.

>> it's interesting how many times have they missed? 18 quarters or something like that? so we almost expect that to happen. but when you look at the bank earnings, i think that's what everybody was looking forward to the earnings season. and so far we heard nothing but good news. goldman sachs numbers today, that was pretty impressive. you can see where the stock went up. >> i think it was a little over 173 or something like that. but i can tell you, the financials were the worry i had coming in. even with the lower bar, even with the expectations we all might have had, i think they have been very, very impressive. including the wells fargos, the cities -- >> how come they didn't make new highs? >> that's what worries me. >> my guess is, because they're not going to make new highs until we get to see these numbers that everybody is looking forward to, which is when is the fed going to finally move. >> hold on a second. haven't banks had a rifle -- aimed right at their back? of course not all-time highs. >> i don't believe -- >> every day, we're listening to somebody. i don't care. if you look at the numbers that we got the, the loan growth was there, asset quality never

better. >> so trade at one times -- >> i like to know the utilities. >> to your point -- i think -- >> because of the valuation. >> i think part of the problem, there is enough of a hangover right now on the market. everybody is sitting there looking, going, what kind of growth do we have? the financials are showing it. we're seeing other parts of the market where it may be doesn't look quite as strong. that's probably why they're not -- >> to your point, are you long financials at this point? >> no. >> so goldman sachs' report doesn't tell you, maybe given what they reported, they're actually undervalued. >> perhaps. but -- or, that's one and done, right? i mean, the question is -- >> one off. >> so what happened. this is what i was saying last night. let's just say the economy all of a sudden gets better over the next couple weeks and the fed goes, you know what, we are going to raise rates. does anybody really think they're going to be on a rate hiking cycle? they forecasted four, we got one. we might get another. if they do raise in december, they're raising into a weak economy. >> the irony, if we're not in a rake-hiking cycle, equities have plenty of room to run.

>> something -- >> banks in that environment, i would rather go to tech. >> banks were making money with the yield curve at 70 basis points. we're now at 95. we have made money in a difficult environment for equity underwriting, and those numbers were better. >> let's talk technology. we had seller performance and tech unwilling, right, in the north africa. we need the earnings delivered. what have we got? netflix obviously was -- a crazy move. >> yep. >> justified or not justified. based on a some i had beat. intel missed. >> i know maybe netflix is tech and i don't lump it in. >> discreationnary. i mean, it is technically consumer discretionary. >> agreed. here's intel, right? intel, depending on the numbers you're looking at, it looks like -- they definitely beat on of the revenue side. that's a good sign, right? now you look at the stock and their guidance for gross margins which to me is in terms of intel, the most important number. and this is what would concern me a little bit. guidance was 63%.

they took it down to 61%. why did that potentially concerning? because stocks had a huge move from 30 to 38 from may until now. bumping up against levels we last saw at the end of 2014 and you may hear analysts tomorrow talk about peak margins, potentially leading to peak stock price at intel. we have heard it before. i do think intel is cheap, 12 times forward earnings. i'm trying to point out some of the potential pitfalls. >> it's cheaper than i think. when you look -- it's cheap but getting more expensive. the $38 a share is a little more expensive. and let's be honest. last month, they already started to tell us about what the earnings -- they raise that guidance. so part of that, i think, was built into something like an intel. so i think you can give them a little bit of a brush. and i'll tell you what, on the weakness, i would be up intel right now. >> there is weakness, though. >> the weak js right now, yes. absolutely. i was long going in with some calls and actually would probably add to that tomorrow. >> what we have seen with intel is these types of after market moves have been ones to buy. i'm not saying you have to jump

in and buy this tomorrow. but i think everything dies in terms of what the stock has done, where it has moved from and the range. i think that is enough. >> so what are you buying right now? >> look at the airlines. look at united after the bell last night. those numbers were very solid, which are getting out of the airlines, is what you wanted to get. a little bit of capacity discipline. you hear that you're getting some pricing power, as i have said. higher oil prices are very good for airlines pricing ability. >> the valuation is there, not ones you're scared of, like intel. everyone is saying intel didn't deserve to be there because of the m & a and semis and all of that is partly what pushed semi stocks higher. >> a barclays up didn't hurt either. >> brought up an interesting point. banks, are they becoming utilities, i don't know. maybe. a lot of people say that. book value for jpmorgan i think is $64, give or take. but tangible book and jpmorgan is probably closer to 52.5, $53. the question that begs to be asked, if banks are becoming utilities, understanding the

jpmorgan is a little bit different, should they be trading closer to book value or tangible book value? that's why bk comes down and says banks at these levels -- >> where do you come down? >> i think it's closer -- with him, i think somewhere between the two and right now trading above book value in jpmorgan. i understand why, because people are searching for cheap valuations in a low interest rate environment. >> so what is a cheap valuation you would buy? >> well, i don't know. it's n it's not a cheap valuation, but i would look at intel. first of all, not only do you growth, i can may a major trend with the internet of things if you want to go big picture, plus i get a 2.5%, 3% dividend on it that i think is relatively safe. it might have a little bit of volatility here. maybe i would like to buy it a little bit lower. but forced to buy something right now, i would buy intel. >> i would like to see the data group a little better numbers though. they're up 10% which is great in any other environment, but is this the growth part of the business. you want that growth to be a lot more than 10%. you would like it to be closer 14, 18%, somewhere in that

range. and 10% does have a little bit of a concerning sound to it. >> to buy. right now. >> well, and let's talk about intel. if you look at it now, just technically, for example -- pointed out -- traded up to that level, topped out in 2014. and i think people have maybe got a little bit ahead here, hmmm, maybe we should rethink it. i think there is a chance the stock trades down to 33.5 or so. >> let's see where shares of intel are right now. down by 5.8% and sinking. this is an after hours session low. the conference call is going on right now. we'll see what is pushing down the stock from josh lipton. plus, ford's warning to its world. why the automaker is planning to cut production of the f-150 could spell trouble for the broader market. and moments ago, kelly sat down with vice presidential candidate, tim kaine, and he says there is one area of the economy that could take off under a clinton administration. we'll hear what that is, when "fast money" returns.

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welcome back to "fast money." google hitting an all-time high today, thanks to the company's new smartphone. the first reviews for google

pixel came out today, and boy, people are in love. the "wall street journal" called it the android iphone you have been waiting for and "business insider" saying it make siri look drtrivial. >> why not. we were talking about samsung and i think we talked about this the very first day when they had the issues and again when they had more issues. and really came down do people using android, do they really want to go to apple and some might. a small irnumber. but enough of a number that it's meaningful for apple but really meaningful for google. that's part of this. people are also starting to diagnose this stock, even more depth, because of netflix and others. it's the look at youtube. some of the parts within google right now and think to themselves, there is some up side here. yes, near 52-week highs, but this is a stock that still has some upside. >> unless they can create their own eco system, aren't they another great smartphone away

from losing a dominance? >> which is why i'm not buying google. the reason you own google, whether it's neyoutube, mobile d desktop, working for these guys. it's their search business, which to me still is a cash cow. still is growing. still is a valuation i can pay for and all this other stuff and a more transparent company. >> gi. >> ask yourself this question. >> self? >> am i doing that? >> well, asking yourself questions. >> i ask myself -- >> confused yourself. >> what question would you ask yourself? >> well, a tremendous run. actually an all-time high made today. valuation is reasonable but you have seen quarters where google surprises people to the down side. so do you want to own this stock after pretty tremendous run into earnings? i say you own it, up until october 27th and if you're long, you absolutely have to take something off the table. pete might tell you to do something -- >> tell you to buy some puts. >> or rotate in the calls.

i still think there is some build because of the phone issues. i know we talk about the ecosystem. i think this pixel really could be something huge for them and a huge loss for samsung. >> we do have a bit of an ecosystem. the google drive, google docs. >> is that an ecosystem? >> actually, it is. >> i used google -- i use all of that on my iphone. >> special. i mean -- >> no, i'm just saying. in the ecosystem -- implies you need to be within a certain system in order to operate all these different things. >> it's not a phone company. i mean, the operating system supports all of their ad business. that's why they're in the business in the first place. that's why you own google. >> anyway. i'm not in anybody's grill, by the way. speaking of grills. switching gears to autos. ford planning to cut production. this is a car maker seems to have cooled down -- the car market seems to have cooled down after growing for years. so is ford a warning for the world's car makers, bk? >> that's the question you have to ask. i mean, it seems we're at peak auto. the question is, are we going to

go flat line or start turning down. my view, we're probably going to start turning down. you know, last week, ford actually announced they are going to idle the mustang. you know, a mustang, kind of a niche type of car. they're going to idle one of those plants. but now you've got their most popular auto, the f-150. and that also has implications in the housing market. so, yes, i do think this is a warning. i think it's something you have to watch. i know tim has been watching "autonation" all near. >> the man to watch. >> you have to watch it. this is a huge driver of the economy. a huge driver of the economy. you lose the autos, then you start slipping away. >> except for when have we expected -- when in the last two years have we really thought that auto sales were going to hold the levels they're at. look at the way ford as traded. ford has tested 1080 back in the brexit lows. that's where i think you need to play from on the down side here. the valuation in gm and ford is very defendable at this stage of the cycle. and i think people have not trusted this auto cycle for 18

months. >> anybody buy into this transition that ford is trying to engage in? a transportation -- transportation company and an auto manufacturer? >> the stang -- >> stang? >> i had a '66 stang, yes. >> awful. >> white with a yellow interior? >> no, candy apple red, people. just like it's supposed to be. >> anyway. >> so to tim's point. 2014, this was an $18 stock. since then, the market has arguably gone higher in the s&p. you can make an argument that it's been the best time for automakers, almost in the history. they have had some tremendous years. yet here we are, the stock at 12 bucks. what's going on? if ford can't rally in the environment it found itself in the in factly years, when is it going to rally? >> this is price discipline. cutting back on supplies, doesn't mean they're going to overproduce on a cycle. >> how about the emerging markets? that's the last question i know in this market. that's where ford is pointing. they talk about russia and other places. how about that? >> well, i think growth in

brazil is picking up. >> still ahead, vice presidential candidate tim kaine speaking with our own kelly evans. we'll tell you the one area of the economy he says could take off under a clinton administration. i'm melissa lee and "fast money" on cnbc, first in business worldwide.. in the meantime, here's what else is coming up on "fast." >> want to know the secret to beating the market? it could be as simple as this. >> pizza, pizza. >> we'll tell you what it is about pizza companies that has traders gobbling up shares. plus -- ♪ a number of until now unbreakable stocks are suddenly breaking. and it could signal a major shift in the market. we'll tell you the names and what it means for your money. when "fast money" returns. like centurylink's broadband network that gives 35,000 fans a cutting edge game experience. or the network that keeps a leading hotel chain's guests connected at work, and at play.

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welcome back to "fast money." vice presidential candidate tim kaine spoke to kelly moments ago. what's the big headline. >> hey, melissa. so i counted no less than 18 policy proposals in this speech he gave on poverty. it's kind of the first time it's been front and center of this campaign he delivered this speech in detroit and touched on a number of things that the kaine/clinton administration would like to do. ranging from universal pre-k, making rent more affordable, raising the minimum wage to $15. public option for health care. doing things about the prescription drug costs, a wide range of issues. so i asked him, okay, well, what would be at the top of your wish list under the following two scenarios, the first being a divided government, meaning that republicans would be in control of the congress, and the second being the potential which you guys have discussed, of a democratic sweep. and here's what he had to say about that.

>> the one that to me just seems right at the core of what we ought to be able to do is major investments in infrastructure and then work force skills. because these are -- these are proposals that are embraced by the chamber of commerce and organized labor. they're embraced by mayors and governors of both parties. and so we are going to need to look as we put together this economic plan in the first 100 days. what are those things we think we can really get a consensus both inside congress, but also outside congress to move forward on. and those are some of the core pillars where i think bipartisan success is most likely. >> well, as you guys are familiar with, as soon as something is a no-brainer, you start to have to think about whether it is really going to happen. we take for granted everybody wants infrastructure. but paul singer memobly told me at delivering alpha he thinks it's a code word for spending too much money. if interest rates stay low, maybe it's an easier discussion. but i don't think it's a done

deal. he also had some tough things to say about wall street. very supportive of dodd/frank and keeping it in place. >> yeah. and that has been a concern. and kelly, obviously this is the ticket associated most closely with drug price controls, the prospect of drug price controls. he also spoke to you about the possibility of parties negotiating price. >> right. exactly. so the interesting thing in the speech, he talks about how -- this came up in some of the releas released e-mails from hillary clinton where she seems to be rooting for obamacare to fail. he says how he would like that to happen. and i asked him about the issue of prescription drug costs and how would you bring those down and how would you keep out-of-pocket costs from going up. that's when he raised the potential of doing of what you just mentioned, melissa. >> thank you. and i think this is your "fast money" debut. >> welcome, kelly. crazy. >> well, we steal from you guys all of the time. so i'm happy to return the favor. so -- >> right on. >> you paid us back in kind.

>> while here, i should tell you, guy adami, i feel i have to repay the favor guy. you know, when we have you on you're so complimentary, nice to hear people talking positive. so i'm -- >> because you're doing great. >> no, stop. >> i'm just saying. >> i'm doing what you do. you can't do what you do. this is my turn! i'll hand it back to you. >> cut the mic. >> kelly, thank you. great to see you. >> should we be -- one, infrastructure. big beneficiary for sure. >> come on -- >> is there a way -- to invest in it? that's the thing. everyone thinks there is more spending. how do you actually invest and does it translate to a higher stock price for any of these companies? >> higher interest rates. >> caterpillar or something? is there specific stocks? >> yeah, i'm asking the question. i don't know. >> i think -- the easiest way to play it, and it's as -- gundlach's core thesis is the

bond market. watch out for that. no matter which administration gets in there, you're talking about some kind of fiscal stimulus. requires spending, which means yields are probably going to go higher. we can't really raise too much more money here without people starting to worry about what is the -- you know, the interest rates we're paying. >> training people to do jobs differently, workforce skills, that's smart. a lot of american workers are really underprepared to enter the work force now. guys, liberal arts education, not doing so well. >> he can make pizzas or deliver packages. still ahead, check out shares of intel moving lower after hours. we'll hear the latest and what drove quarter from the ceo and netflix soaring. an unlikely competitor. walmart. we've got the details, right after the break. 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.

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welcome back to "fast money." here's what's coming up in the second half of the show. shares of domino's surging today on the heels of a blowout earnings report. we'll hear from patrick drooyle and intel, we'll bring the headlines moving the stock. first a big move in johnson & johnson today. the stock falling more than 2% after reporting earnings this morning.

this has been a fortress stock. down more than 8% from its july high. and that's underscoring a key them theme. breaking it down is the fortress of financial news himself, mr. dominic chu of cnbc. >> hi, melissa. so markets always open to interpretation. some relatively strong recently but showing signs of possibly rolling over now. names we have hit on before. first off, those hot dividend ones like the telecom stocks. verizon and at&t fit the bill there as interest rates have risen. it's taken some of the shine off these bigger dividend payers. both stocks have fallen by at least 10% from the recent 52-week highs, hilt earlier this summer. home depot, the biggest retailer holding up relively well, dropped nearly 10% since then. walmart one of the best performers after being a big g

laggard last year. lost nearly 9% since august, as well. same story, like you said, with johnson & johnson. as well as phil morris. some investors newsing names like these to park near record highs. really, this kind of weakness, does it signal that leadership will change, or is this simply a result of the negative sentiment on dividend-paying stocks. even one of these stocks has a dividend yield greater than 2%. so are there cracks in that fortress? we'll see what the traders think about this, melissa. back to you guys at the nasdaq. >> thank you, dom chu. mr. fortress. so are any of these fallen fortress stocks a buy at this point? >> i think johnson & johnson is -- i don't think at 16 or so -- 16.5 forward earnings is all that expensive. i understand why they're selling up the stock. i think maybe got ahead of itself because people are searching for dividend yield. and you get one in jj. if you go back and look over the last five years or so, the magnitude we have seen now in j & j, a chance to get into the

stock. >> but guy, here's my question about that. >> fortress! >> you've got a fortress in your grill right now. >> yes. and i got all kinds of a grill going on here. when it comes to this, if you look at johnson & johnson, is this just part of a broader health care weakness story that we have seen in some of these stocks, or is johnson & johnson more insulatesed than some of the other biotechs or straight phrma-type names? >> it's got to be eight or nine years ago, they brought a consumer brands business from pfizer and stole it for $17 billion. they diversified their earnings stream. so to answer your question, yes, clearly they are health care but they've gotten to be more procter & gamble than they are sort of pfizer, which is why i think they deserve the premium valuation that they get. >> but -- i would just -- just on johnson & johnson, quickly, the disappointment is not in phrma devices, in the consumer side of the business. >>dom, thanks again. goodbye, i think.

why would it surprise you? he's always there. what's the big deal here? are any of these stocks worth a buy? what does it mean for the overall market? let's go to the chart master, carter braxton worth. >> i wanted to put the context of j & j in what we just heard. the consumer side is the issue. dom used the phrase rolling over. i want to look at what you would call growth names. but they're old growth names. or growth names whose growth is in question. so i have three columns. one month, two month, three month. not so much about the individual performance. it's about the group's performance. and then the fourth column, the five-year. so just look at the names first. costco, home depot, j & j, lowe's, mcdonald's. these are mega cap names. and it keeps going. nike, phillip morris, starbucks. so, some of the biggest and brightest of all-time. cost costco, home dooep, j & j. it's about the group. so 1-1 performance. i want to focus right here.

this group, the average performance is down three versus the marveth down one. so you recently underperforming. on a two-month basis, the group is down 5.8 versus the market, 2.4. on a three-month basis, the group, down 9.2 versus the market, 1.9. versus their long-term outperformance. look at the five-year. this group has doubled the performance of the market. so you have two circumstances here, which are in principle negative. long-term outperformance, which makes you at some point vulnerable and emerging underperformance. so we look at columns 1 through 3 optically. this is these six stocks plotted equal weight as though they're one security. relative to the s&p. and so here's your spread. so we have a correlation and we have a breakdown. meaning this recent underperformance versus the market, now i want to talk about the proceeding outperformance, the long-term. here's the long-term on a

five-year basis. here's the really long-term chart going back 10, 15 years. so you're talking about almost triple performance. s&p. so if you put this in context, you have developing or recent underperformance with the precondition of extreme outperformance that's a bad setup. let's just draw some lines. here's your chart of that group, just by themselves. here's your trend line. it's broken trend for the first time in about search years. an issue of mature groekt. google still has growth. these are growth stocks who presumptively, the growth is either stalled or the margins are stalled or people's -- paying too much and not willing to keep expanding the multiple. i would sell them. >> do you guys have questions? should we invite carter over or let him go? >> he's always a good guy to talk to. >> carter, come on over. ashley, please bring in the chair for carter. >> you're on "that's incredible!"

>> so, in that basket, do the individual charts make any individual name look better than the group? >> no, they all have that circumstance where they have rolled. they are underperforming on a 1, 2, 3 and even six-month basis and whether some are yield, like a j & j or was, at least, a while ago or some are growth, the common theme, they are consume her-related and some of the greatest branlds of all-time don't have the growth they have had in the past. either the multiple has to come in, which makes a chart roll. or you just have general moving away as people, in a rolling economic environment. only two things you're supposed to do. find i hdiosyncratic growth or after deep value things with yields. >> i looked at your chart. when i look at home depot's car business, there is scarcity value, not overexpanding, you see household formation being something that is a tail wind. so i see your chart looks

interesting but this isn't a stock going down 40%. going from 135 to 138 to 125. now what? >> so the question, is the selloff that's occurred so far, is that discounting already all of the slowdown that's coming. we know what's going on in things like vulcan material, housing stocks, sherwin william paints. >> we just got done talking about fiscal. >> you know, they don't act well. and that's part of the problem. so the question is, how much down side, that's unknown. but you don't want to stick in things that have tastand. you want to be in growth or pick up income and -- and/or so-called cheapness. >> let's look at what we have talked about this whole show. we have talked about ford cutting production. we have talked about housing potentially, that being a single for housing. now home depot rolling over. talking about the consumer, stocks not doing well. >> down 50% from the high. >> what i'm saying, at what point in time do we now say, you know what, this is not

justified. this market is not justified. the earnings aren't going to grow like we think -- >> the market down turn and people fled back into the sector. >> sentiment is terrible. that's what everybody thinks the consumer has got, no buying power. >> it's proven. nobody is going out to dinner. >> data is terrible. >> this is not a place you want to be. netflix, even here after the gaffe. better trade. >> even up -- okay. that's what the chart master says. still ahead, the streaming war, speaking of netflix, heating up as an unlikely player enters the race. what will it mean? and look at the shares of intel trading lower in the after hours session here, just off the after hour session lows but close to at this point. we'll hear from the ceo. you're watching "fast money" here on cnbc, first in business worldwide. yeah, a little. you're making money now, are you investing? well, i've been doing some research.

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welcome back to "fast money." intel falling in the after hours. josh lipton in san francisco, on the conference call from the start. josh, what's the latest? >> well, melissa, that stock under pressure in the after hours. ceo brian veryxan yimp trying to

with an upbeat, confident tone. here's what he had to say. >> i'm very pleased with our results in the third quarter. we introduced exciting new products, delivered strong financials. and continued to realign our resources to our strategy. the progress we're making, leaves me increasingly confident in our transformation. >> so obviously, trying to sound an upbeat tone, going through some of the different business units, kline computing group, processors for pcs up 5%. about the pc market, saying it's a bit stronger. china better than forecast. as for the pc consumer, he said it was better, but not back to where we would like to see it. actually just e-mailing back and forth hire with bernstein, stacy razgon putting pressure in the after hours to take the guide down for the data center group from double digits to high single digits so sounds like

they're saying strong cloud and net working but weaker than expected enterprise. a big part would be the data center group, chips for servers in the hopes that offsets pc pressures. now it looks like intel taking the guide down from double digits to single digits. >> thank you very much, josh lipton. data center one-third of revenue, fastest growing parts of intel's business, singled out by barclays today. expecting that group to rebound strongly from what it called a benign first half. >> that's concerning. we talked about that earlier in the show. hey, it's about 10% right now. if that's the growth area we're shooting for right now, and we're not getting it, if you're intel, that's a problem. you can see the stock close to 38, now pulling back significantly. and a lot of this was already probably built in. so the negative tone of what we're hearing right now in the data center group, that makes you a little bit nervous. >> taking its toll on the

semiconductors over all. semis down 1.25% here, big moves in micron, as well. the chip names that had really gotten a bit higher on the notion that things were improving in terms of the pc decline, not as bad as before. but the growth areas. and, of course, m & a. >> i don't know how we can give up on internet of things and programmables and memory and all these things that are, be again, part of the data center business they're growing in and look at the pc business again. people were giving intel the benefit of the doubt for the last six months. i don't think these numbers tell you that they have fallen off the business. >> i don't think they have fa fallfal fallen off either. cbw talked about this when he said -- called it the perfect -- didn't he call it inindividual i can't the perfect chart? >> too good -- >> to good to be true? >>. >> yes, yes. >> he said it was due for a pullback and since that day the stock has pulled back. >> broader concerns about semis in general. >> exactly what guy just

mentioned, inindividualia, i would be taking profits and buying intel. >> netflix up 20% after reporting a blowout quarter last night. the company just got an unexpected competitor. walmart. julia boorstin has the details. >> melissa, walmart watching the explosion of demand for streaming video and now looking for a bigger piece of the business. walmart owned voodoo, launching mover ease on us. mover ease and tv episodes available for free. they will include commercial breaks and won't include current tv season. this fits into the core service, getting people to download the app and that could encourage them to digitally rent or prmp one of the services 100,000 titles. unlike netflix, amazon and hulu, voodoo has no plans to offer a subscription option. hulu, owned by disney, fox,

dropped its free ads in august to focus entirely on its subscription services. voodoo competing most directly with ad-supported players such as crackle, yahoo view, and, youtube. and services run by the tv networks. voodoo chasing a massive audience, noting the announcement today, 42% of american households stream content at home. since walmart lost the dvd business, it's been trying to figure out how to cash in on what replaced it. the rise of digital video. consumers, of course, always liked free, but with people increasingly accustomed to getting access to unlimited content through a subscription like netflix, the question is whether walmart will be able to stand out in a crowd of established riflevals. you think walmart is going up

against netflix or amazon and really the notion people might be spending, even if they're spending one off on a movie here or there like voodoo -- >> like point break. >> over and over again, tim might not want to subscribe to another service and that could further fragment this whole streaming service. >> that voodoo that you do. i think walmart, first of all -- they have continually chased amazon to their detriment, and you wonder whether this is also walmart chasing themselves here. but, you know, competition has been what i've said is netflix fall. yesterday i certainly don't look good with that claim. i think they're huge competition. >> yeah, i think -- i'll give a percentage chance this impacts netflix at all. blue tar ski 0.0%. netflix talked about how they have a -- they're competing for a small fraction of the screen share at this point in time. this is not going to impact them. >> bk is not any part of the screen share. >> no.

>> regular tv commercials. >> listen, bk -- >> real-time. >> my three sons? >> i embrace the randomness of life, seinfeld is on, i like it, i'm happy. >> one of your favorites, right? >> no question about it. >> okay. >> still ahead -- pizza stocks are dominating burger stocks this year. what's the secret sauce? we'll hear from the ceo of one of the key players and turn into "power lunch" tomorrow afternoon. david faber sits down with lloyd blankfein tomorrow. much more "fast money" after this break.

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accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data is safer than ever. giving them the agility to be open & secure. because no one knows & like at&t. we've got to be there for them, make it easier to order through domino's. >> facebook messenger. so there is more to come. but absolutely, we want to make it very easy for our customers to order from domino's and then once we've got them in that environment, all data, all sorts of things we can do from a marketing perspective to get them to come back, dry frequency, playing in as well. >> that was ceo patrick doyle

with jim cramer. you can watch that entire interview starting at the top of the hour. on "mad money." bif by the way domino's another indication consumers are choosing pizza over burgers. papa john's seeing shares up more than 40% so far this year. >> shares of yum brands up. investors have lost their taste for burgers. shake shack down. pete najarian. >> you're calling me the food guy, huh? >> why? >> the pizza fits, bro. >> it does fit in this particular case. you've got to love what domino's has been able to do. papa john's has been unbelievable. what i like best is actually yum! you get the piece of taco bell and kfc and pizza hut.

the ceo talking last week, they've got to get pizza hut in the right direction. if that actually occurs, think about that in terms of that's their version of internet of things. that's their version of something else, the cloud, whatever you want to call it, that actually could boost these earnings. >> pizza hut is to -- pizza hut is to yum! brands as cloud is to -- >> microsoft. >> wow. that's quite an analogy. >> yum -- >> pizza, it's the growth area. >> that's the growth area. >> the ceo himself talking about where they need to get better growth. you see what's happening in domino's and papa jonhn's. >> i was told there would be no math on this test. >> tomorrow is the psat -- >> i never took it. >> you know -- i know you never took it. but you know -- >> p in the s.a.t. okay? >> times square! >> i get here earlier, so what do i decide to do? i'm going to go out on times

square and ask folks, what do theyment, burgers or pizza. take a look. >> misha. given your choice, would you rather have a burger or pizza? >> pizza. >> burgers. >> i would have to say pizza. >> burgers. >> hamburgers. >> pizza. >> sundays, hamburgers. >> definitely pizza. >> i guess i like the meat. >> where are we going for that pizza? >> domino's, for sure. >> where are you going for your burger? >> shake shack. >> lucy's in troenlt, canada. >> domino's. >> abd in buffer low, new york. >> domino's. >> i'm a pizzeria kind of guy. >> to the jersey shore. >> pizza hut. >> what about like domino's. >> no, that's only if it's late at night and you have a hangover. >> who is your favorite person on cnbc's "fast money"? >> melissa. >> melissa lee says, eddy, i want to get a hamburger and i

want to go to burger king. what rough saying? >> not today. not me. i'm not going. >> >> see, his love for you is trumped by his dislike for burger king. >> >> i'll buy the burger if you're coming. i'm not eating it. >> he's adorable. >> oh, yeah. he's adorable. >> he's waiting outside. >> we edited out -- >> he's waiting for you. >> what did you learn from this experience? >> not a lot, mel. >> actually, i think it was more pizza -- people love the pizza and domino's -- >> love pizza. >> the pizza. domino's is more technology -- they're making kickin' pizzas. i worked there, so i should know. but more technology play which justifies the crazy valuation. traders expecting a big move for chipotle next week. mike coe joins us. >> reporting next week, october 25th, one week from today. the options market expecting a

move of 8.2% in the shares which is more than the historical 8%. a market cap swing of $950 million. implied volatility, the price of options, has been rising, neeshl doubling over the course of the last month and puts have been outtrading calls significantly. a lot of bearish sentiment. i think this one might actually finally surprise to the up side. 50% decline since lafrts august. that might be the big move we see there. >> all right. thanks, mike. mike coe in austin. check out the show friday, "options action." still ahead, a surprise guest ahead of the "final trade." stay tuned. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony.

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welcome back to "fast money." "fortune" holding its most powerful women in business conference today and i can't think of one more powerful than karen finerman. what are the big themes, karen? >> well, the most interesting thing to me is that people think things are generally okay. despite the fears about the election and the fed, business is generally okay with the exception of media.

big tectonic shifts in media. >> so they're all lamenting cord-cutting? >> cord-cutting, how do engage millennials, what are the new models. a lot of the stuff we talk about. but it's -- it's clear that it's not clear. that's the thing. nobody knows what is the right way to go from here. >> elections, i imagine, politics is top of mind also? >> politics, absolutely, top of mind. tomorrow ivanka trump will be here, which should be interesting. and i think it's -- people just really want the election to be over and get some sense of certainty about who will be in office, how do we proceed. >> amen to that. karen, thanks. enjoy the conference. >> k fine. >> taking a bullet for the team here. >> yeah, really. >> yeah, it's awful back there. >> "final trade" time. pete. >> going with citigroup. let us see you. going higher. >> dan. >> adp. you don't need to buy tomorrow, though. >> beakers. >> chevron. >> guy.

>> buy it on the dip. >> wow, i'm melissa lee. do not go anywhere. "mad money" with jim cramer starts right now. my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always 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 it make friend, i'm just trying to make you some money. my job is to educate and teach you, so call me or tweet me. @jimcramer. maybe it is this whole stay home economy, stupid. dow gaining 76 points.