>> prosecutors and law enforcement don't say well, we never used to have access to this information so let's leave it aside. >> somebody murdered in my family, we would want to know everything that device knows. >> the courts will probably have to figure that out. >> for sure. mike, did you get one for christmas? >> no, i'll wait until they work this out. >> me, neither. >> "fast money" starts right now. >> "fast money" starts now. waiting for dow 20,000 quietly, the nasdaq hitting a record high, with tech the best performing sector in the market. the two best performers today on the dow were apple and cisco so will it be tech that finally gets us to dow 20,000 this week and is tech the next big leg of the trump trade? pete, let's kick it off with you. >> yes, it is. yes, it's a combination of technology and financials, the financials slowed down and a huge massive run up and paused and as they have paused, we watched the financials --

rather, the technology stocks continue to gain and continue to move to the upside along with not just the big cap tech names but the chip names, as well. that combination is really starting to move things to the upside. it's why i think 20,000 were close to it, will we get there? we might get there before the end of the year and might be there in january, if not. >> i think what we saw after the election was that tech was used as an atm. people took positions to get over invested in the financials, which they weren't invested in before that. so that's this kind of rally. i do think it could continue. there are some risks, though. one we talked about the dollar. everybody knows that. the second risk and it's more for the technology companies that make things, which is higher wages in asia, hieger wages in china could filter through the supply chain. for me i want to stay away from names that did well today, like a cisco and i want to be on the software side and look at google. >> tech ceos went to trump tower and rode up the golden elevators

and things were good for technology. >> i can only imagine what was said in the elevator. if you look what was working before we got into the heat election season it was tech. as much as people want to disregard what the impact meant, if you look at something like cisco and more even as i do at intel, you have stock that trades at a discount to the s&p and if we're at this place wondering how much is reallydui fiscal. it was working when people worried about the evaluations and stock market. does it make sense to rally? >> the rally, being up 42% and typically as a leading indicator, that would say tech as a sector would finally catch up but it myl lultimately apple. it will take the dow to the 20 -- and it will help the sector. >> what do the charts say about apple? >> looks good. >> okay. >> it's a stock out performing as the market was stalled and now looks like you break to 50. >> think about the year we're

coming into for apple. a massive refresh cycle that a lot of people take part of and the only other thing, i talked about the risk of cost being higher for something like an apple but when they have a product refresh cycle like they are going to experience, it's hard to be bearish on apple. >> why suddenly this refresh cycle going to be more exciting than the other ones? that kind of were in a trade like a lame excuse for avitinin. i don't hate apple. we're back to the highs of the stock. it's off the 130 level and you can make an argument that's where it wants to get to. is this a stock to invite its way into all-time highs. >> the screen would be an interesting reason to upgrade. >> yeah, i think it's a combination of that and a combination of the next phone that everybody is waiting for and i think it's going to be a different phone. they were very modest changes

important for those of us that want to get to the next level when it comes to battery and comes to computing speeds, all those things we thrive for, we want and crave for i should say but i think when you look at apple, it's about a lot of different story lines. one of them is services. one of them -- can they invite and there is a huge dispute going on between tim cook and idc and several others on how well is the watch really doing because he's talking about record numbers this quarter for it. >> that's not fair -- >> it's just one more piece and here is why -- >> the watch. >> here is why it's going to matter. the watch just feeds one more feeder system right into that services and grabs that many more eyeballs to everything that apple is becoming. >> i buy services. i can't buy the watches. >> i love the watch. i got to tell you. >> in this camp, i love how at apple when people want to be bullish on the stock they can be bullish. the same things we're talking about on the desk. the phone will be different. the refresh cycle will have a

couple more knew answ-- >> the. >> you're calling him out -- >> no, i'm trying to be clear i'm not calling pete out but here we are doing chart wheels, anybody around here is saying this stock is going higher. where were they -- >> i was there -- i was buying underneath 100 and i continue to talk about it. bought it at 92 and at 94. when warren buffet jumped away from apple other than the big position on ibm, you look at that move. when they made their move, the buffet family holdings, when they went after apple, that was a turning point and you can give every argument in the world about valuation and that's great and the cash. do they make an acquisition is the in '17? that's one of the things that will be part -- >> i think they make an accre session, that's terrible. they have no aboility to execut. they are small. what have they done? how about beats? that was supposed to

revolutionize the music industry. >> that's part of the feeder system. not changing in terms of music. >> that's it -- >> what happened to china -- >> india -- >> well, i'm actually -- again, i'm playing devil's advocate because people were blowing up china saying this is where you had the growth 2015. where is it now? if anything, china is a problem as we're beating up china and beating up chinese companies. >> forget about the upside. that's the first objective. >> carter back -- >> on the downside. >> let's get back to -- >> there isn't a lot of downside. everything in the action and the potential to catch up -- >> what is the downside? >> very limited. >> like what level are you looking at? >> 2%, 3%. that's nothing. >> that's nothing. >> that's nothing. >> that's absolutely nothing. >> buying weekly options for a break out from the 52-week. not the all time 130 but 52-week highs looking to break up above. >> let's trade the apple i cech

system, if you will. >> now you're talking. logic, sister. winner, winner, chicken dinner. >> what did you say? >> winner, winner, chicken dinner. >> i would think steak dinner. winner, winner, steak dinner. >> chicken used to be more expensive than beef. >> the work -- [ laughter ] >> wow. >> at the desk -- >> why we have him. >> good to have carter on the desk. if apple doesn't take us to dow 20,000, maybe something else will. history. carter, what are you looking at? >> the stats suggesting that the last week one that the markets are up. we'll take a look at the screen and see if we can figure it out together. >> walk and talk. >> come on down. >> part of the stroll. >> so if you look at what happens last five days of the year, versus any five days, let's start with any five days, 1928 to present, the average odds of being up any five days is 55%. 56%. the markets go up and down. the last five trading sessions of the year are up 77% of the

time. so we have the probability that they will be up, but how much? all five-day periods, 1928 to 2016, the average move is 14 basis points. last five trading days of the year, 114. 1%. i mean, that's a five fold increase. so we'll see dynamic period and i want to talk about the dow in the 20,000 level and really what this means. we know the dow essentially has under performed the entire market. in '09, the dow under performing the s&p. in 2010 under performing. one year out performs in '11 and '12 and again it under performs in '13 and '14. again under performs in '15 and now it's out performing. only two years it outperformed but all it's doing is playing catch up. now s&p 500 and dow jones industrials, all it's doing is playing catch up if the dow were

to get back to just where the s&p is on a relative basis, we would be at 22 -- not 20,000. 20,200. the bet here -- now look at this. this is the final thing. this is your absolute low in the bull market and what happens of course because it's a defensive index versus the market it's beta is much lower and out performs the market as it's going down. the dow is coming apart in '08 but a huge out per former and under performed this entire way and just starting to play catchup with the s&p. anyway, getting to that level is very easy. bottom line, here you see -- right, if the dow were to be in line with the s&p we would be at 22. it's academic. the 20,000. we're there. now it's a question can this keep catching up? >> wow. >> at this point in the program we typically ask -- >> what we do. >> should we invite him over? >> i'm going to go with no.

>> no? [ laughter ] >> we didn't invite you back -- >> hold on -- >> thanks for the invite. [ laughter ] >> forgone conclusion. >> i love this. >> in that case you stick -- >> complete rebellion. >> you stick with the winners but what has turned and what is turning us right now and moving us to the upside, i continue to pound on financials. i'll give you one later why this will keep going higher but also, when you look at technology and you look at evaluation and the cash and everything we talk about every single night on the show, the valuations are not stretched when you look across technology right now. they are not stretched in the chip stocks themselves, either. so because of that, i think that actually can help us get over 20,000 at some point. >> protect. one thing it's the sector with the most dollar exposure. that will be important if you get a lot of dollars, it will hold back the group. >> if you look how you c constitute the dow average and the biggest price elements of the index, they are cheap.

apple is cheap. brings down the p.e. of the index. that's confusing and look at g.e. the trade at -- sorry, gm trades five to six times earnings. these are names that may skew the value of the index but what carter says if it's under performed for so long, it really out performs -- >> characteristics, if they run into trouble, the dow is likely to out perform regardless. >> interesting. >> take a look at one dow component that's under performed, which is ge. this is not necessarily made a new all-time high like these other industries and think what 2017, '18 is going to look like, you talk about infrastructure spending. if you want a lower, slower, longer term trade, i'd like at ge. >> what did you do today, pete? >> bought some apple. people are very short term looking for a break out this week and see if it happens before the end of the year and i last week added to shachip name.

i like the stock, i think it's in play and i think there is is upside left. >> coming up, tesla shares are revving up but could it be thanks to president elect donald trump? we got those details. plus the former chairman of sacks steve sadove is here and you won't believe which winner he says is the winner this christmas and spoiler alert, amazon. pete has a stock so good, will the other traders buy it in the fast pitch later this hour.

welcome back to "fast money." energy is on track to be the best performing sector up 25%. check this out, it's also on top to report the largest year over year decline in earnings of any of the 11 sectors. down nearly 75% in case you don't have 2020 vision, that's the bar going down despite the contradiction -- >> the earnings return where crude prices were actually fourth quarter you have a nice improvement. first quarter will be shocking. i think this is a place now where within the sector?

i think the oil field services will get the biggest opec bump and again, oil at 60 is over 50 and if i want to be in the oil field or oih, even names like schlumberger are going to be the most opportunistic in the environment but no question the cost of drilling and cost of services is going up to the players and people are reaching into their wallet and paying for it. you can stay in the higher beta oil trades. >> that's just it. the big names, the top dominate. you got 30% of the weight in exxon and chevron. 50% of the entire sector in three games and there is not a lot of life there. exxon itself is just not participating, and then there is also this, the sectors, despite being up number one for the year all of its out performance was done in the first three months. if you look at late april until now it dell levered low alpha. it looks stuck. >> the -- >> the sector.

i don't think -- >> overall. >> in terms of oih -- >> you would rather do the beta trade. >> look at a rate offshore and these are toxic. but again, these are places at this oil price, these names are still -- >> that's the question. the oil price going to stay here? right? the biggest thing you need to look at in 2017 is saudi arabia. they will sell off assets in 2018 but even today they announced they will sell off other assets. that gives them incentive to keep the oil price high. >> you want to have a combination of all of them. i think you guys are right. you talk about the oil services. i love those names . i don't know why you don't want a chevron mixed in there and beta names, beaten down over leveraged names to add to yourself beta. >> so defensive and it should be. it's the best interrogated out there. they have high free caps. so can't argue with that. i mean, carter is talking about things that have done absolutely nothing. good to see chevron out

performing the royal dutch or bp. >> spent the best -- >> yeah. >> in that sense, blend with something with a very high yield. >> i like the pipelines. i continue to want to hold on. that's one trade. i've been in and out of integrated names and out but i think the pipeline is the place to be. up next, tesla jumping 3% and it will build solar pans as the stock has been on a tear up nearly 12% in the past month. elon musk, of course, joining the president elect donald trump's advisory counsel on december 14th. is tesla now a trump stock? does it have more room to run? pete, it's a combination of invasion, made in america, creating manufacturing jobs. >> all those factors coming into play, i think these partnerships with panasonic is interesting in the fact this one today they are talking about being up in buffalo, new york. i think the infrastructure play is what everyone attached themselves to. cnbc has done a great job reporting today but talking about infrastructure and the different eloquent tements in ty

sector going towards infrastructure and tesla and what they could mean for the grid. there is a lot of different reasons why i think the stock moved including the technicals. stocks get to 180. how many times have we said 180 seals to be the level they find support. the problem you run into unless there is another story line to push it forward, 2.25 is also -- >> it's a three-year range. >> right. >> not being rewarded to take the risk to own it or be short it and the reality is it's relative performance the s&p peaked four years ago. it's a gambling chip. >> i don't know if it's a gambling chip. i think the street is starting to understand that this is a disruptive company and it is a way to play the decarbonization of the electric grid. you're never going to be able to trade on earnings or values. >> that's five years down the road. >> right -- >> but brian -- >> i agree -- >> it's a disruptive company

getting disrupted. i see other major players have electric cars, we also have the driverless cars and technology within the industry is going through the roof. these guys are not the only ones out there and comes down to deliveries and valuation. so as much as this is a trump stock, that doesn't mean that they have to be right on this. >> i don't think you can think of this as a car company -- >> it's -- >> i'm sorry, i should say the optic. that's my point all along is i think of ait as a car company. all these elements on the battery and everything on the technology side of the company is exciting but that's in the price. and i think we get to a place where they have to deliver and they are not. >> you're saying don't trade this year? >> you're not being paid to take the risk to own this or to be short this. it's not rewarding anybody. >> yeah. >> nice jacket, carter. >> i didn't -- >> on -- >> you got three names, you wear a coat. >> i didn't get the memo but i

don't think i've ever been up here without a jacket. >> i think it's a little arrogant. i realize these guys do what they want -- >> i'm wearing a vest -- [ laughter ] >> that's not arrogant. that's confident. [ laughter ] >> it does take an awful lot of confidence to wear that. >> still ahead, a banner year for warren buffet thanks to president elect donald trump but should you stick with it 2017? we got details. i'm melissa lee, you're watching "fast money." in the meantime, here's what else is coming up on "fast". >> that special time of year when americans senselessly beat each other in search of a bargain. but the best bargains could be the retailers themselves. we'll break down the winners and losers plus pete is bringing the heat. serving up the pitch for what he says is a must-own stock for 2017. the name when "fast money" returns.

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welcome back to "fast money." the dow closing at 20 points 20,000 before backing up. it's been a banner year for warren buffet as he's $12 billion richer and most of the game stemming from the trump rally, should you bet with buff let heading into 2017? the one mega cap stock that has pete fired up. but can he convince the other traders to get on board? pete will deliver his fast pitch. we start off with the retailers poiseed to see the best holiday season in a decade. cnbc morgan brennan is at herald square, morgan. >> reporter: melissa, that's

right. the retail efc closed higher on light trading volume. and part of the reason for that or the reason i should say for that is that getting early reads on holiday spending and so far they have been solid. mastercard says total hold day retail spending 4% from november 1st through christmas eve. the high end of forecast total holiday e commerce. men's apparel, furniture and furnishings and electronics with sales falling compared to last year. so that said, amazon saying it shipped more than a billion items worldwide this holiday season with electronics among the top sellers, especially echo, echo dot and fire tv stick but this isn't over yet. so with just four full shopping days left in 2016 and consumer confidence at 15-year highs, retailers including jcpenney, nordstrom and macy's to name a

few are ramping up big promotions to get the post holiday shoppers into the stores and spending. but there is a wild card in all this. that's big fights that erupted in malls in a dozen states yesterday. those caused some complexes to closer early and some people to be treated in hospitals. the international counsel of shopping centers saying the top priority for the retail real estate is responsibility to provide a safe and comfortable environment with security, the d industry's primary focus year around but one of the big questions is whether these mall brawls are going to dent consumer's appetites to come out and do any more spending this week. i can tell you here in herald square in midtown man hmanhatta, it's teaming with people on the streets and in many stores including macy's all day long. melissa? >> morgan, when people go to return their gifts, they could also be picking up other items while in the store. >> reporter: exactly.

that's one of the things retailers are looking to do, ramping up promotions and looking to lower shoppers back in with those returns. the idea being that it could be a more profitable exchange if they do it in store and going to buy more items. the likelihood increases much -- is much greater than it is if you're doing a return online and sending it back through ups or fedex or another parcel carrier. >> morgan thank you, morgan brennan in front of macy's where it does look crowded. >> mall brawl. that's crazy. >> what are they fighting about? >> a 30% off sweater? >> that's money -- >> you know, he came at me. come at me in a mall, just saying. >> holy cow. >> sorry. >> in terms of the losers, basically the categories morgan listed indicate that basically you're run of the mill department store will do terribly.

macy's and nordstrom. >> and best buy, too, right? best buy had a massive run and did well. if you went in some stores, they were very busy but is that in the price of the stock? we get the news e welcome truew down. >> the s&p within consumer discretion under perform. whether it's footwear or general merchandise, they are all under performing the market and today's action supposedly good and faded by the close, not good. >> yeah, brian talks about best buy. i would like to focus on that because both on the charts and in terms of the top line, declines in front of the 4 k phones, samsung's issues on the top line doesn't mean best buy is performing as well. but that stock traded up in the 50s is now at $45, $46 and trades to the old highs. it's a $40 stock. >> i don't think so. i disagree. i did get out of it not long

ago. i was in the stock. not long ago. i'm talking outside of that. i like this name. the the electronic numbers aren't bad. it's very, very interesting. >> because amazon's showroom and best buy. >> that's what people have always said. you look at the 2.5% interest rate and minnesota. these guys are kicking butt. >> which names will emerge this holiday season and what trend should investors keep an eye for. former sac eer zac eer sachs ch. we're having a heated daebate about best buy and you think is a winner? >> clearly a winner for 2016. i feel very good. he's mastered the idea of how do you get the brick and mortar with the internet, e commerce

and understands you got to be able to compete and win against amazon. whether or not the stock is fully priced is a fair question but he understands the omni channel experience. >> they probably made a dent in the holiday season even though amazon had the best holiday season ever as they call it? >> well, i think best buy had a good holiday season but overall i'm excited about what i'm seeing. mastercard at 4% is stronger than the 3.6% the national retail federation saw and everybody i talked to is talking about a stronger rather than weaker close. it talks and reminds me a bit about the chicago cub's seven game win. started off fast with a weak early december and came on very strong in the end. >> i was just thinking that myself, steve. just kidding. [ laughter ] >> what were we talking about? >> burlington is fascinating to me. it seems like these stores, the retailers that don't have to fall into the trap of heavily discounting into the holiday season, they are going to do

better compared to the rest. >> well, look, 2016 was a great year for the outlet off price retailers. i think burlington is a wonderful example that doubled in price but you got the tjx and ross stores. that segment of the market is where the consumer wants to shop. it's value. they got in season product. they are hitting on all cylinders and burlington picked up the model showing how powerful that model can be. >> is this sort of a one-off holiday season success in that that it's benefitting from the bankruptcy of sports authority? >> they clearly benefitted from sports authority. it was a 50% rise on the stock but another example of a company that understands the mix of e commerce with the store experience. you know, one of the things happening this week is we've got the internet growing at 20% and had gift cards were extremely strong. people are coming back into the stores. that's where they return the

product and redeem the gift cards and you're seeing a very big surge this week across all these omni channel retailers that know how to work across the channels. >> we'll leave it there. thanks for joining us. great to see you. former ceo of sachs joining us. we had clearly an issue with the satellite with the quality of the picture. i think that's music to your ears. i know you've a maxinista. >> i was there for holidays. >> maxinista. >> they know how to maximize all their store entries. you look at marshalls and walk through a marshalls during the holidays. it's like walking through footlocker, nike, under armor, home goods section that gets bigger and bigger at the marshall stores. the off grands are good. one of the better opportunitys is nordstrom. nordstrom is trading just under 50. i jumped on it last week. one of the names actually got into the stock because i plan on

holding this awhile. i think there is an opportunity because of the growth of the rack. >> i'm still watching amazon. we saw it's up -- online sales up 20% reinforces the idea online is eating the brick and mortar lunch. if amazon can't rally, i wonder if it's in the price? i'm being cautious. if i see a close below 750, i would get bearish on the stock. >> you can ask about that. >> the desk, by the way. [ laughter ] >> back on the desk. >> i invited myself back. [ laughter ] >> down. >> did you get the coat. >> no. but here is the thing. i mean, it's been a source of funds, we know that and news today was good and saying it's had records so forth and so on. it will have to do something quite special with results in terms of earnings to get what has been a lifeless asset for almost four months on a relative buy sis. the burden of proof shifted. all you have to do is own it.

>> the fun part of retail is alive and well. >> steve said luxury was a loser. >> that's why i'm bringing up tiffany. i said 7 or 8% pull back, a lot of it gave conservative iconic in terms of the brand and consumer confidence back to 2001 levels on consumer confidence. this breeds through to have a spend and the patterns in luxury. tiffany is the best. >> all right. still ahead, 250%, that's how much one tech stock surged this year and now some traders are calling it a must own as we head into 2017. we'll tell you what it is plus there is one name pete says could be a home run for investors in the new year but can he convince other traders to b buy in? he's warming up for the fast pitch. [ laughter ] the val of capital? what'sritical inking like? a ball cts $14.apital?

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>> hi there, remember when warren buffet said this. >> it's among republicans and i happen to be a fan of hillary's and i think she will be the winner in the fall. >> well, a funny thing happened on the way to 2017, donald trump

beat buffet's pick but warren was a big winner as berkshire math hathaway soared. in fact, according to forbes, buffet's wealth increased by more than 12 billion this year with the bulk of gains coming after trump's win. simple things will do, warren. the question is should you stick with buffet's picks into the new year? do you think? >> i tell you what, i just think if you think about how he invests and the style that he's taken, it's very much the stocks that are in the dow jones and he's going for iconic brands and going for teams -- >> investing. >> over time and also there really is a dividend reinvestment strategy to this. do you think carter has made a point that actually a lot of stocks could continue to out perform after significant periods. i look at the valuation and people will be investing again in 2017. at this point, i think the

financials are probably the place i feel most comfortable if i pile on to warren who had a great year. >> we know the theme is active investing. pulling money out of mutual friends and etfs, this is a way to be a passive investor. interestingly, if you look at the performance of berkshire, relative to the s&p and transports because of his big holdings and rails, it's correlation of the transfer is higher and we know the transport surge after the election and i got a chart that shows that relationship. it really has been largely due to banks but also transports. >> all right. good point there. >> so i mean, mr. buffet trades very different. in fact, he doesn't trade. so to say to go -- let me pile in the financials because warren buffet brought him two or three years ago seems ridiculous to me. i would not pile on what warren is doing now. i would be taking profits. >> what makes sense to me is the fact that he's be committed to the financials for so long. go back to financial crisis and names he jumped into, he's been

involved in these financials and continues to hold on the financials so to me, that gives me that much more confidence if he's willing to hold after runs where he initially started jumping in, he must of usually think there is is upside. >> you can't read anything into what he says. >> true. >> you and i both have holds that are longer term probably than other parts of the portfolio. those are the names i would be bu putting in. >> in terms of transports, would you take money off the transports now? >> the rails have a lot of fiscal policy and moving stuff around and pricing power in them and the airlines have broken out from two-year highs. the rails will struggle and a prove me on a csx. >> transfers, it's a price index like the dow and fedex and ups and transports back to the prior high. you have the aspect of a double top. >> so bad? >> i would trim them, sure. >> from a legendary investor to a legend in his own mind -- >> whoa.

>> time for -- >> hey, hey -- >> i don't know about all that. [ laughter ] >> so heat is going to give us the fast pitch. go ahead pete. >> we'll look at bank of america. this is warren buffet. he bought this in the bathtub way back when. what is interesting despite the fact it's made an incredible run in a short period of time, here is a couple points that i wanted to point out why i think it will be going higher. we're in this environments where the interest rates are rising and will continue in 2017. you take a look at the financial fines they have had to put up with. go back bank of america bought country wide and cost them over $2 billion. it's cost them over $50 million in fines. if we see regulatory to even ease back and don't see as many fines, that will be dollars for somebody like bank of america. then you look at the economic growth we're seeing now that

will give us earnings growth, that's going to also give us dividend hikes, you'll see buybacks, all of those things i think go together and that's why bank of america despite the fact it's very, very close to the book value is right about at there or just underneath the book value. that's the way people for decades looked at the banks. less about p.e. this is still underneath there if it can get to 1.5 tilemes, t stock has questions. >> who has questions for pete based on his pitch. >> hey, pete. >> yeah? >> question for you. everything you mentioned the whole world knows about. what is the next catalyst for this? because it seems to me it's priced into everything you say. >> well, if you go to last quarter, matter of fact and take a look what is going on last quarter, how did the earnings do in the financials? >> pretty well. whether jp morgan or go through the entire list when we got last quarter, now this quarter, how is the trading revenue going this quarter? how about the fact they are going into wealth management?

the those things will get better like morgan stanley. they are following the right playbook. >> bank of america versus city or -- >> yes. however -- >> morgan -- what singled out. >> j.p. morgan trades of its book value. that's why i prefer bank of america. when you look at city, it has for more international exposure. you're getting an american bank. it's not wells fargo but it's a monster bank. >> pete, what do you think about the fact interest rates going higher could be the same thing that knocked so many mortgages on their butts and you can see people really recoil. a lot of people are living paycheck to paycheck or floating in terms of mortgages and this isn't going to help. >> if we start to see it because you got to remember what level we're coming off of i think and morgan stanley had a piece saying if they raised rates by 1%, that would be 6.5% towards earnings for a bank of america. what happens is people start to

flood the markets and after hemming and hauing and not jumping in, they finally start to accelerate. >> now is the moment of truth, we go around the horn to see if these guys are buying or selling pete's pitch. p.k. show your white board. >> for me it's a sell. considering a few minutes ago i said sell the fifinancials, i would do it here. bank of america with a lower back than anybody else is fine. they had such a run. can't not in good conscience buy these at these prices. >> 0 for 2 at least by this board -- >> all right. [ laughter ] >> an arrow lower. >> that's okay. that's all right. i feel okay. >> makes ate good pick someti s sometimes. >> i'm actually a buyer. >> that's pete. >> yeah. i think you get to a place where this valuation relative sits in between city and j.p. morgan but a money setter bank that's the most operational leverage i think with the most quality. it's out of place here and there

is different levers to the business. i stay long despite -- >> with you. i'm with you on that. >> he looks like a head on mount rush more there. >> look at that. that's very good. i like it. >> last word to pete here, pete. >> nice. >> are you in the stock or are you in the option? >> i've been in bank of america stock for the last couple years. i continue to own it. i was in the options, as well. got out of those and continue to be in the stock. i actually believe in the stock. i think the dividend yield could be really something interesting going forward. >> all right. still ahead, you're go-to restaurant reviews has quietly become a go-to stock for investors. yelp sharing more than 40% in 2016 and traders are betting it could make a fresh high and from one hot stock to another, the tech defying gravity. rallying more than 250%. but will the stock cool off as we head into the new year? we'll give you the name and how to play it when "fast money" returns.

welcome back to "fast money." this is a chip make there makes the graphic chips for electro c electronics including your car. is nvidia a must-own stock like

phase book and facebook and apple and amazon. the bullish commentary and goldman sachs added to the buy list. ever core upgraded and we made fun of the analysts because it happened after a massive run. >> that's the thing. listen, this is just been on fire. so if you are buying it now, i think that's insane. you missed it. i go to the box and feel shame for awhile but i don't buy the stock up 200% and all of a sudden just discover that things are going well. >> that's right. if a first call consensus figure, which is not one but multiple analysts with the capability of a stock and that has doubled, meaning they were 50% below. it means no one has a throuclue this is worth. that's all you can say. it's shame on all of us. do you chase it? that seems awfully hard to do. >> it's tough to chase it except for the fact it's probably the

very early innings of the areas dominating now. >> yeah. >> no one has any idea if you think where amazon was and other names people said this is crazy, these guys can't be trading at a multiple and in fact, amazon is not only reward that multiple but people are -- some, not me, are saying this is a stock that should trade at a higher multiple. >> amazon is maybe in no competition. this is still a semi conductor manufacture you are and someone can come along. >> in the biggest great area in front of us in virtual reality and ai -- >> up 200%. not saying you do but this falls into the wheelhouse -- >> and the reason i say that is -- right, third person. because i think you do bye riuy right. >> this is not in your buffet part of the portfolio. >> not a buffet point. >> let's move on to another hot stock.

yelp closing in on the high. options traders seem to think it will get back to the october highs. mike has the details. >> average details more than five times the average daily options volume and buying the weekly 42 strike calls paying about 25 cents for those or just a little over half a percent of the current stock price to make bets the move we saw today which was up more than 5% could actually be duplicated before the options expire on friday. so pressing these bullish bets but not risking a lot to do it. it's interesting the high was 42.16 and we saw that half way through october and that seems to be the level they are targeting. >> we're just commenting before we thought this would be a left for dead stock for a long time. >> it was a stock easy to say that really who needed them when in fact, the internet was so full of information on these places and you get to a place where their strategy is evolving across marketing and branding.

i don't touch it but again, this is not a stock i actually think i feel like i understand in a way. this multiple to me is not terrible but balance sheet is okay, so to say that i would be thinking about doing something like shorting the stock, absolutely not. >> what do you say? >> i think you put yelp in b.k.'s portfolio. like tesla trading near the lows far away from the highs. i'm much more comfortable buying yelp on the idea things will get better. >> long-term who nose aboknows this. it's acting well. price correlation is bullish and looks higher, 50 from what i can see. >> i take the other side from what you're saying. i look at nvidia and where they are. graphic chips and everything else coming forward and the acceleration of earnings going forward. >> i disagree with up 200%. i agree --

>> it's hard. >> i missed the a.i. >> i mean we've missed the entire run going forward. >> when you think about nvidia, do you think about nxpi and what it was bought for? nvidia is valued higher at the time of the closing of the deal. >> it's reminiscing of the things we've seen and names that seem like they are accelerating. when you've got the growth and there are enough companies out there with plenty of cash looking for growth and look where they stand right now and vir actutwu virtual reality and storage and cloud, all of that is pretty inkreegii intriguin intriguing. >> i like how you turned this into a would you rather. >> i did. >> i'd rather nvidia. >> for more options action, check us out at 5:30. b.k. is hanging up the bear suit. find out which one when "fast money" returns.

hey nicole. y!hey nicole. justanteto thank yourupport team for walking me through my firstptions trade.w. well, i fe prettsmart. we, we're all out educatin people oopons raes. well, i fe prettsmart. won't lethisccomplisent well,go to my head. wait, you foot i' french dictionary. oh, mucho gracias. get he ooptions trading th korswim, only at td ameritrade. metino big deal.shing my gu. but my hygienist said, it is a big . go pro wh crest pro health g ptectio heltaeting harmfuleeding by bacteria on your gums. left untated, these sympms could lead to re seriguisisvertedding tooth loss.

>> final trade time. >> xilinx going higher. >> john deere for 105.

>> 1135 going higher. >> tim? >> great having carter and the jacket. tiffany i think luxury going higher. >> i hope carter's jacket gets a twitter handle. i'm melissa lee. thanks for watching. see you tomorrow at 5:00. in the meantime 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 make you a little money. my job is not just to entertain but the educate you and teach so call me at 800-743-cnbc or tweet me @jimcramer. tonight i want to talk to you about the big picture, about building wealth in general and not just owning stocks in particular because stocks are just one