there. a lot of people say, make it easier to sign up, make it clear what you have to do to participate. that's something that they've tried to do but it's half measures. >> the book marking thing is something i used to use back in the day. now it's the heart. "fast money" begins now. thanks for joining us. "fast money" starts right now. live from the nasdaq markets overlooking times square. tonight on "fast," one of the most well-known tech investors is switching teams, so to speak. dan miles reveals the sector he thinks will take off in 2017. plus the chart master breaks down what you need to know before the new year. before we get started, check it out, after ten years we decided it was time for an upgrade, here it is in all its glory. the new "fast money" desk, in

time for 2017, new year, new desk. what do you think? >> this thing is a monster. the lighting, the incredible work these guys have done. this thing is absolutely beautiful, i like the expansion, a little room on the sides. >> the front has kind of got like a fortress of solitude thing, remember superman's castle? >> then the station underneath here. it's amazing, the things installed in this desk are unbelievable. we're happy to have it to kick off 2017. let's get straight to the markets. we start with the dow, s&p, and nasdaq lower as we close out the month of december. it's been quite a year for the markets, energy is up 24%, financials up 20%. telecom is up 18%. with the new year right around the corner, do you stick with what has been working?

pete, what do you say? >> i think you can. i know the desk doesn't always agree with me on this particular one, but i like the financials, i think the financials have plenty of room to run based on all the facts we continue to put out there every day about reform and everything else. i think financials remain cheap, technology remains inexpensive despite the fact that that's moved to the upside. the one area that's been beaten up that i think is a bit of a risk, but i like pharm, has room to the upside as well. >> i'm going to disagree a little bit on the subject of financials. it may be a little bit of buy the rumor, sell the news. >> you have friends over there. >> maybe. i don't want to mess with you, though. >> it's good, you have a whole crew over there. >> it may be buy the rumor, sell the news, given the tremendous runup they've had after the election. i mean, in front of this deregulation, is it really going to make that big of an impact? >> we priced in an awful lot into the financials.

nobody's talked about the fact that financials have held bonds that have gotten absolutely crushed, those portfolios won't do well either. after this massive run, do you want to initiate new positions? bk doesn't want to do that. i would wait for a pullback and then look at the market. that might be the end of january before i get too excited about them again. >> the market wasn't based on earnings results. it's all macro, interest rate moves, moves in crude oil. what's led is risks on beta trades, industrials, financials and so forth. if one believes that the macro environment is going to stay the same, then doing the same thing works. >> doing the same thing over and over and expecting -- >> we're seeing some giveback here. oil is remarkably benign for all the good news it's had. oil's at 54. we were at 52 in april. >> it should be higher? >> if the news is so good, i think so. >> on the subject of oil, oil

and energy were laggards in 2015, oil below 30 bucks a barrel, then boom, 2016, energy sector is up 24%. maybe the same thing happens in 2017 where laggards became leaders, leaders became laggards going forward. >> and if you look at today's take, all the leaders are laggards on the year. today's leaders are health care. >> utilities, bonds. >> bonds. it's all a functions of that. woe always saw it was a rotation. i'm not sure there was necessarily a lot of new money come into the market. immediately after the election tech sold off. it all rotated into financials. now it's kind of reversing, perhaps you're getting a rebalancing. that rebalancing could take a little bit. i just would question buying things at all time highs when it's based on so much hope. >> what do you do, then? you rotated as well. >> right, i rotated in the financials right after the election. i sold them, admittedly, too early. but nobody never went broke

taking a profit. here, today, what you do, you buy tlt. you buy the yield proxies. those are the names that i think over the first month, let's call it into the inauguration, are going to do well in the market. >> the ultimate thing, only one sector down, health care. if you look at the spread in health care and financials, this spread has only happened two times. >> we're in agreement. kumbaya. >> we're on the same page. health care is a place to be contrarian. the spread, again, with fenc financials, this wide, has only happened twice since 1990. >> you like the health care names. >> i do. you look at the cash, the balance sheets. what happens is all you need is a tweet from donald trump, right? we had the tweet heard round the world when hillary clinton with biotech, now donald trump is starting to say we have to work on some of this pricing. that's the work -- >> he said i'm going to bring drug prices down. he could not be more clear.

>> let's be honest. we all know this about donald trump, he goes to the extreme and then i think that's where he loves to use his whole negotiation style, right? >> which one are you in? >> i'm in pfizer, i'm in gilead. >> even if he goes to the extremes and comes back, their margins are not going to be where they used to. why wouldn't you go to a telecom, pick up the same kind of yield? >> i'll never buy a stock for yield. i only buy stocks based upon a varieties of things, most of it is fundamentals and growth. >> how can you know fundamentals if they can't price? >> we're going off of price and regulations presently. there are companies you would be far more worried about, probably more in the biotech sector. that's why i wait incoed in one direction. >> let's today biogen, donald

trump said your spinraza is a little too pricey. >> i'm hoping mr. trump and his team in the health care area would take a look at this and say, you know what, here is how the metric came out for how they gave the pricing. as long as they could back it up, he would go along with the pricing. >> every sector is subject to a tweet. >> even you, carter, who doesn't have twitter. >> i wouldn't know what to do with it. he could say, the allowed rates of return on utilities are too high, americans should get a break on utilities. everybody is vulnerable. >> everybody has the same disadvantage. >> i don't know about that. >> specific industries. >> it's less probable than the other ones. >> what did you trade today? >> today was an interesting day. i saw a few things out there, we talked about the airlines,

transports yesterday getting beaten up. what i saw today was huge paper coming into one of the airlines, jetblue. i jumped on that. i don't want to give away why. jetblue had some active paper in there. that dragged me back to the airlines. >> what specifically do you tell investors, heather, going into 2017? >> i'll hang my hat on the consumer. if we get an uptick in wage growth, inflation, i know we're all saying the consumer hasn't participated in most of the games we've seen, but i like it. i think keep an eye on retail spending. i tried to shop the past week on two different occasions, i can't find a parking spot at the mall to go shopping. everything has to be done online. speaking of what has worked, the post-election financial surge, now that one tech fund manager is betting on the banks, dan miles joins us, dan, it's always a pleasure to speak with

you. i think people know you as a tech investor person for her mo foremost. do you like the financials here? >> yes. we were bullish going into the election, thinking no matter who won, the tech sector would benefit. the rally has been breathtaking for the market. in terms of looking at the financials, this is not a what do you buy today, tomorrow, next week sort of thing. but as we look out over the next sort of one to two years, we think this group has a lot of upside. in full disclosure, right now we've been hedging out our financial positions as stocks have gone into overbought conditions. if you look at the next year, next 24 months, anesthetist sector that's going to work. >> in terms of your thesis as to why you're buying the financials, i'm sure part of it is rising interest rates, part of the is the promise of deregulation. dan, i'm just wondering, what is the primary driver here and how much of it is the promise of deregulation?

>> yeah, i mean, there's really three big drivers. i'm a big believer in fundamentals, that that is what ultimately drive stocks. when you look at the space, there's really three things. this has been the most hated group since the global financial crisis. if you look at this year, obviously, you look at the index and you go, wow, it's up 20% year to date, that's a huge move. if you look at this chart that's hopefully flashing on your screen, since the end of 2006, this group is actually down 22%. now, by comparison, the i.t. space, which is where i typically love to invest, that's up over 129% over that period of time. and the s&p is up 59. if you look at my favorite name, bank of america, that's still down 59% since the end of '06. so yes, you've had a good move, but i think it's going to get better as a lot of these regulations go away. that's more of a sentiment

situation. if you look at the fundamentals, you look at jpmorgan or b of a, they've had flat-ish revenues for the last several years. you're going to start to see, you've already started to see rates starting to go up. b of a is highly levered towards that. the last piece of it is hopefully the economic starting to improve. long growth should start to pick up, going from 5 to 7% to 8 to 10. you combine those things together and i think you've got a really good group. obviously i would like to see them come in a little bit from overbought conditions. thankfully they've been doing that over the last a couple of weeks. i think we'll be nibbling again fairly soon. >> dan, a lot of investors will point up to the runup in banks and say oh, they're expensive right now. what metric are you using now, price of book was it before, what's the price of book bangs should trade at right now? >> i think it varies depending on the banks. for example we have a small cap

fund, alpha one small cap opportunities fund. that was up, believe it or not, almost 16% in the month of november alone. it's up another 5% this month. and what we tried to do with that fund is basically buy bank stocks that were at discount on a pe basis, ones that have low price to book. if you look at what i run, b of a is still trading at .9 times price the price of book. the s&p 500 has a pe of 17 times. jpmorgan has a pe of 14 times. whether you're looking at small cap domestically focused banks which i think are the least risky to some degree because you don't have to worry about exposure to italy and brexit and all this other stuff, that's what the small cap opportunities fund does. or if you're looking at big cap, i think you've got opportunities. but you have to be careful. we're short private equity related firms.

we're short banks related to ougauto autos. i nev you think you have to have a balanced view, not blindly by everything. >> dan, happy new year, great to speak to you. dan niles. >> we know the auto companies, auto hasn't been doing well for a year now. sales have not done well. you have a lot of subprime auto. i like dan's view. what he's saying is, listen, hedge your exposure. don't just buy banks blindly particularly at the all time highs. are there going to be tail winds for basinks? certainly. we still have the italian bank issue, we still have brexit. there's a lot of stuff overseas that we'll have to deal with. coming up, the u.s. just slapped a number of sanctions against russia.

we've got the details right after the break. plus the chart master is here to break down the most important charts of 2016 and the one chart you need to see before the new year. and oil is up a staggering 20% this month. brian kelly says he's got the best stock to play it. do the other traders agree? he'll give us his "fast" pitch later this hour. this is my ret. and i ver get tired of it. are u entirelyprepared tri plour never tiring retingretirt wi e*trade. are u entirelyprepared tri i'in vests a as avested invs vestith e*trad i'in vests a as avested invs where inves can inveigate and vest in vests. or not in vests.

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welcome back to "fast money." the white house announcing new u.s. sanctions on russia. let's get to john harwood in dc for more on this developing story. john? >> reporter: melissa, the details of the sanctions themselves, a couple of individuals and several russian firms that were participating in the u.s. election hack were added to the list of sanctioned individuals, which means they can't do business with the u.s. the u.s. is expelling certain russian diplomats.

they say this is in response to a series of actions, including harassment to u.s. diplomats over many years. there is also disclosure of a lot of specific forensic information about how russia went about this. i.p. addresses, methods of operation, that sort of thing. they side the election hack to someone who has been on the fbi wanted list for criminal hacks against u.s. companies. now, the political implications are fascinating, because donald trump has indicated that he does not accept the judgment that russia was responsible for these hacks, but paul ryan, the house speaker, put out a statement saying these were overdue. mitch mcconnell, the senate republican leader, said this was a good initial step by the administration and the congress should go further and make sure this can't happen again. and lindsey graham and john mccain, two republican senators who have been calling for an investigation of this, said they are going to push for even stronger sanctions. that puts more pressure on

donald trump, who so far has yet to respond to these sanctions, melissa. >> and john, we were talking about bill browder earlier today on "power lunch." he said those diplomats can just be replaced, there's a whole pool waiting to replaced those 35 or so. and donald trump can roll it all back. is that the truth? >> reporter: yes, he can roll back those actions. but there's political consequences to that. for donald trump to stand up and say as president of the united states he is going to side with russia and roll back sanctions against a foreign power that u.s. intelligence has concluded was interfering with an election, that is going to generate some blowback for him, not just from democrats but also from republicans. >> all right, john, thank you. john harwood, reporting in dc. let's trade russia here. as i mentioned earlier, the

russian atf is up 15 percent. the situation is fluid, we don't know if there could be stronger sanctions in effect later on. >> i think they said there may be other things they're not going to tell us about, kind of a double secret situation. i don't think it matters one bit to russian stocks, today it was up over half a percent. people in the market are saying, listen, this could change in the next three weeks. whether they're rolled back or not, i don't think it really matters. it's 35 people. some people put on a sanctions list. i don't think that's a big thing. russian stocks are going to trade a lot more with oil than they are with these sanctions. i still am bullish on oil. russian stocks probably got a little ahead of it. i would rather play oil than rsx. >> you think oil should be higher? >> the russian economy is tethered to oil. they've been contracting, gdp contracted by 3.5%.

the move up in oil has to be 60, 65 to really provide some relief. >> how will it keep going higher without major concessions from iran and saudi? it's hard to believe there will be these massive supply cuts. >> stick around for the next block, we'll tell you how. >> i'll be here. >> check out shares of gdx, gold minors, huge group for the group. the etf is up 56% in 2016. >> it's kind of interesting, a year ago at this time is when we started to see massive buying in all the heavy metals including silver and so forth. now what did we see at the beginning of this month, the same kind of paper coming in once again. we saw massive paper coming in, 25,000 of the upside calls were purchased, they were the 19 strike calls. it's also gone up and through there. a really nice move that we're seeing. really aggressive positioning, selling puts, buying calls, so

people remain very bullish right now on the metals. specifically in the gold. but we're seeing a little bit start to pick up in silver as well. >> it's performing in the market, people think gold has been so terrible. there are 132 active subindustry groups in the s&p and the number one in the year, not semis, not railroads, it's gold. >> that's because of potential inflation? it's got to be tied to the u.s. dollar as well. s. >> you would think. but while gold has come off, you hear all these narratives, gold had its best first half of the year in 40 years. the giveback is perfectly normal. >> gold and the dollar do trade together. there are periods of time when they trade one for one, go up together. those periods of time are when interest rates are going up and inflation is going up, which is a stag-flationary environment.

if we have protectionist policies and other policies, inflation will come through the industrial pipeline into the u.s. that's why we're buying gold. >> for bunker reasons. >> it's not as good as bitcoin. >> the best performing currency in 2016. >> it's one of the best performing assets in general. >> if you include digital currencies. ahead, snapchat gearing up for its ipo. will it be as big as facebook? i'm melissa lee, you're watching "fast money" on cnbc, first in business worldwide. here's what else is coming up on "fast." >> announcer: 2017 is just around the corner. the chart master has the most important chart you'll see all year. you don't want to miss it. plus the basis are loaded. brian kelly is on deck. he's got one chance to hit it out of the park. will the traders buy into his

fast pitch? much more "fast money" still ahead.

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welcome back to a very special "fast money" as we debut our shiny new desk ahead of the new year. new desk, new year. it was quiet out there today as we close out the last few trading sessions of the year, the dow and s&p closing down slightly. the russell index is the only one in the green. coming up, twitter ceo jack dorsey gets feedback from his

own followers. can anything be done to fix twitter? our traders will weigh in. plus the one stock that bk says can be a grand slam next year. can he convince the rest of the desk to buy in? the s&p 500 is up from its february low as we head into the final trading day of the year. a lot has changed in the last 12 months. bob pisani is here with more. >> reporter: hi, melissa. what is amazing is how wrong the sentiment has been overall this year. we started with a stomach-churning stop. everybody said we were heading for a recession. wrong on that one. brexit, everybody thought they would vote to stay, and if they voted to leave, it would be a disaster for the markets. wrong on both counts. then the election, trump was unlikely and if he won, volatility would go through the roof, wrong again, at least so

far. ouch. what's next? two topics dominating the conversation. first, will the trump rally translate into more consumer spending? and second, how much will the expectations of a tax cut and fiscal stimulus program really make a difference in 2017 earnings? now, practicigmatists are optim about improved consumer spending. they say consumer and business sentiment surveys are already improving and that even modest tax cuts could increase earnings 10% or more. who is right? the impact on earnings from more consumer spending will be moderate. the benefits are likely to accrue to retailers, restaurant, travel stocks and potentially automotive stocks, not bad. the impact on earnings from a corporate tax cut is potentially very significant. we estimate it could boost overall earnings as much as 20%. i've seen those kinds of numbers

from analysts for the s&p 500. finally, the impact from infrastructure spending program likely negligible for 2017. this is mostly around industrials and materials. most people agree this is a 2018 event. the bottom line, melissa, i think you get a considerable spending boost for consumer names here. that would be good news. tax cuts would certainly be good news for earnings overall. but the markets are anticipating that. how much more consumer spending, how great a tax cut? those are the issues everyone is debating right now, melissa. >> bob, thank you, bob pisani from the nyse for us tonight. the rule of thumb in general is 1% tax decrease is a 1% boost on s&p 500 earnings. that's where bob is getting the 20%, is what i'm guessing. you like the consumer names, heather. liking them into 2017? >> yeah, if we see some inflation, we get an uptick in

wages, that will at some point in time translate to a positive for the consumer. i mean, it already is, consumer confidence is near 15-year highs. another trump tweet that we had -- >> thanks, donald. >> yes. hey, like i said, i went shopping recently, you can't even get a spot in the parking lots. online shopping is only responsible for 18% of total retail spending that we're seeing, up 4% year over year. it's not just online. the brick and mortars are successful to some degree right now. >> it will be important if the sentiment spills over into the facts of the stock price. because we know that the sector itself, auto, housing is not acting well. it's idiosyncratic, whether it's a nordstrom's or kohl's, online or not, there are a lot of individual retailers that are lagging badly. >> sort of in a weird period, right? stock prices have incorporated all the points bob mentioned yet we don't have any actual

results. we're sort of in this period where we're optimistic but we have nothing to handing our hat on. >> it's what the millennials call fomo, fear of missing out. >> that's what your mill en yen call it. >> we had the fomo rally at the end of the day year. the market is pricing in 6% gdp next year. that is incredibly aggressive. not only that, you have 12% earnings. people are expecting 12% increase in earnings. bob says it could be as much as 20%. that would be an unbelievably rare thing in history to have gdp growth grow to 6%. i'm very skeptical we can keep this up. >> you've got to wonder, however, you guys talked about the banks and how much negativity we hear. i go back to q3 for jpmorgan. record numbers were shattered the previous year, year over year. the growth we were seeing was

absolutely incredible in every single category. that was pre-donald-trump, preall the ideas of what might changes. >> what has changed since donald trump? >> nothing. given the kind of market the bank has been put in for the last three months. >> the moves reflect that. >> so the move reflects the stock that now presently gives you an incredible yield, trades at a 14 pe, trades just over book. >> the fundamentals have -- >> fine, that might be in the stock. what people haven't priced in is the fact that banks hold a lot of bonds and they've gotten killed. if you look at the federal reserve what's called available security for commercial banks, in q3 they've had $34 billion in profits. that's gone to $10 billion in q4. nobody's talking about that. with these stocks at these elevated prices, it's going to

be a problem if you own financials. >> what are the key things that drove the markets this year? the chart master has an important chart. >> come on down. we'll look at the smart board and figure this out together. the whole year, no revenue growth, no earnings growth. it was all macro. the u.s. dollar had its second biggest rolling 12-month move in '14-'15, march to march. we had this massive consolidation. this wedge or triangle was resolved like that, meaning a textbook breakout. another way you can draw the line, instead of a wedge, you can draw them as a parallel line. we've broken out above that range. this projects to 108. this is perhaps the single most important chart of 2016 which the exception of the next one. it would be this. this is pre-election on november

8th. post-election. a breaking above a ten-year down trend, ten-year yields. at this point, i'm thinking actually this is a little overdone, the yields -- it's one reason i think you fade bank stocks here. what about the year ahead? what's really going to matter? all right. small caps versus large cap. s&p up 10%. this is the headline. russell 2000 outperforming. it's not outperforming. all it's doing is catching up. here we go. two charts. top chart is russell 2000. here is your all time new high. this is relative performance to the s&p. its relative performance peaked three or four years ago. this big move is simply playing catch-up with the overall market. what i'm thinking here is this has a little bit more to go. i still want to favor some of the caller cap names to play catch-up with the s&p. >> shall we invite carter to the

desk? >> it's a new desk, it's big. >> when we didn't invite him back, he still came. >> we didn't have a choice in the matter. you're concerned about the fundamentals not necessarily being there, the banks like jpmorgan have run up. do you have a same concern about the russell 2000? >> i mean, i guess at these prices, right? if i was force ed to buy stocksi would probably be more in domestic or oriented stocks. what i am most concerned about is the first chart that carter showed, the dollar index. what my concern is, is that the policies of the trump administration are going to cause a massive dollar rally. and the dollar is like the new vicks index. to me that is the chart of 2017.

>> it's large cap stocks that suffer the most. >> exactly. >> that's the biggest concern i had. last night we talked about that, the dollar strength. i see so many other positives, but that is the huge headwind in front of us. >> i'm going to push back a little bit and say, even with the new policies in place, there's so much infrastructure spending. we know we're ramping up over a trillion dollars in spending, increasing the deficit. won't that weaken the dollar? i think that weakne nens the do, all the spending that will take place, if you don't have the growth behind it to sustain it. so we'll see. >> even if a rising interest rate environment next year, that will weaken the dollar? >> the only reason the dollar stays so strong, aside from his policy, is the fed. of course three increases of a quarter basis point coming over the next two years. it's the trans-atlantic divide.

japan and china, they're easing, and we're tightening, that of course will i think help sustain the dollar. coming up, it's been a banner year for the airlines. one trader is betting more than $2 million that the good times could continue for a major player in the space. we'll give you the name. plus the one stock that bk says could knock it out of the park in 2017. will the other traders agree? i don't know. he's warming up for his fast pitch. you're watching "fast money" on cnbc, first in business worldwide. both on thtrack and thounds of mesway. with the help of at, red bull racingan share critical informion abouevery inch of the car fr virtually anywhere brak are getng wm. nfirmeaniel u ededo virtually ol your bres. undersod, bi2 icks. giving them the agility to have speed & precion. because no one knows & like at&t.

welcome back to "fast money." time for the fast pitch where one of our traders pitches a stock they think is worth a buy. bk is up. what are you pitching? >> for me it's continental resources. earlier in the show i talked about why oil may be going higher. here is why. this is a shorter term view. in january we're going to get those production cuts. the entire world, the consensus is, is that opec is going to cheat on this. but bk's perception on this is they're not going to cheat. here is why. what saudi arabia and the other

opec players want is the curve to shift. they want oil at 60 in january and 55 let's say in january of 2018, so the shale producers cannot go out there and hedge and make a profit. to me, to bk, that means that oil is likely to go higher at least into the first let's call it month or two of 2017, as the market starts to realize that opec is not going to cheat. let's look at how you play this. we can look at it on the chart. there we go. all right. continental resources. the reason why i picked them is they don't hedge their production. they are a u.s.-based oil production company. but they've actually followed the rally in oil quite a bit. during the opec meeting, they were up 5, 8, 9% on the day. on this pullback here, i want to buy clr as a way to play higher

oil prices in 2017. >> anyone have any questions for the one and only bk? >> were there second or third choices, others in this camp? >> you can go broader. if you want to do xop, etf, that would give you a broad perspective. bigger names like a bp, you can get a dividend with that, higher oil prices. it depends on how you want to play it. >> bk, how confident are you in this call, talking about opec and cheating and all the rest of that? do you have a real high level of confidence? i'm not saying -- i happen to agree with you. i'm just curious why. >> it makes logical sense to me. saudi arabia, the one who controls the oil price, this is what they want, it's in their best interest. not only that, over the next year they're going to start selling off their assets with saudi aramco being the crown jewel. they're whole incentive is to keep oil prices higher. now, we've also seen over the last a couple of weeks some

build in oil. yet oil really hasn't dropped. we haven't really seen oil come up. for me, i think the market is mispricing this. i have high confidence. >> let's vote here. are you buying or selling bk's pitch for clr, couldnntinental resources? >> i'm buying. >> what penmanship. >> this is number eight performer. i like this. >> heather? >> i don't believe in the cuts. i love bk, though. sorry, bk. >> that's all right. >> a buyer of bk, a seller of energy. >> i'll take that every day and twice on sunday. >> i rare find -- this is the brand-new desk, first time. he's rarely bullish on many things other than bitcoin, but if he's bullish on oil, i'm

bullish on oil. i think you're right. >> basically heather is the only one against you. >> well, you know. >> sorry. >> good job, beaks. ahead, jetblue shares up in the fourth quarter, one trader betting more than 2 million bucks that it will continue in the next two months. plus a social media showdown while snapchat gears up for its ipo. can it overthrow facebook as the king of social media? much more "fast money" after the break. and i kn a thi orwo about trading. on a tdemarked tdee*tre, platform that has all the... get off the computer traitor! mobili is very imrtant to me.) 's why use e*tradmole. it's on all my mobile devic, so it suits my mobile lifeyle and kpeven when i'ms fully m theove. sign up at etrade.coand get up to x hundred llars.

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it looks like snapchat is vying for the spot of most coveted social media, marketing itself as the next facebook to appeal to facebook to appeal to investors, as facebook has spent a year fighting against the snapchat machine. deirdre has more. >> reporter: call it snapchat fomo, fear of missing out on the highly coveted mobile demographic. facebook has spent much of the past year competing with, some might say copying snapchat features.

instagram the most obvious attempt to compete. also its purchase of msqrd, a face filter app, or its stand alone flash app. instagram stories had 100 million daily active users. we'll get a better idea of how facebook's strategy is or is not working when snapchat's parent snap goes public as it is expected to do at a valuation of somewhere between 20 and $25 billion. as snap embarks on its ipo road show, it's reportedly, according to "the wall street journal," positioning itself to investors as a company that can evolve, that it's not a one-trick pony

like twitter. >> snapchat is going to try to come out not like a twitter at a premium with a narrow product set but would rather come out with a broader product set like a facebook, in the way that facebook has. >> reporter: you guys know the numbers, facebook is up more than 200% since its ipo price in 2012 while twitter has languished below et ceteraits i level. >> deirdre bosa, thank you. snapchat does not want to market itself as twitter who might now be on a mission to save itself. ceo jack dorsey taking to the twittersphere asking what users would like to see as twitter improve. one of the most popular suggestions was for a tweet editing option for typos or

content. twitter shares are down this year in light of a possible snapchat ipo, can twitter save itself, what does it ever been to do? will snap be the thing that sucks all the money out of the room for the likes of a twitter, maybe even facebook? >> it could certainly for twitter if twitter doesn't change some things. if you have a finite amount of money chasing after social, you'll only put it into certainly pools. for twitter, my suggestion was embrace the fact that they are the new associated press. that's what i use it as, as a news feed, i find it an incredibly valuable platform. but give me a web page with all my twitter feeds like tweet deck, that's what i think you should do, jack. >> the problem is they're always last. how f how often have we seen live video everywhere else, where were you?

everybody else has already been there. they can't find anything to be innovative, to be in front of the curve instead of chafising l the time. >> what does it say that after you come out of your ipo, you go straight down ever since? if your firbest day in life is r first day, what does that say? what fixes this? >> that applies to more things than stock, your first day is your best stay. that's fantastic. facebook, since the election, not going gangbusters. >> that's the whole f.a.n.g. -- facebook, amazon, netflix, and google -- thing that was going on for a while. trump going after amazon for tax issues and so forth, you talk about tweets all the time, that's something still hanging

over the f.a.n.g. stocks right now. >> a popular airline's shares might soon take off, thanks to a huge bet on jetblue. mike? >> pete, i know you saw this, we saw six times the average daily call volume in jetblue. what was going on was an institutional player was rolling their bullish bet out to the february 23's. they bought over 20,000 of those and cent 92.5 cents each. that's a bet that's going to be above 20 bucks. you may ask why do you want to spend slightly over 4% of the stock price to make that bullish bet? let's look at where the stock has come from. if bk is right and oil rises rise, that's the single biggest cost of an airline. if you make that bullish bet, it makes a lot of sense. love the new desk, you're not going to move it out of the way,

are you? >> no, maybe it's yours for option actions too, a full service desk. you like this trade. >> i like this trade, mike and i are both monitoring the option markets. when you see something this big and you see somebody taking profits, 20,000 of those options taking profits in january, rolling into february, looking for more upside, that says a lot about what the perception is of where things are potentially going. i like to ride those trades all the time. >> thanks, mike, see you tomorrow right here on this new desk. for more options action, check out the full show. up next, bk has one under the radar way to play a trump presidency. he'll reveal it right after this. ♪ ys, at's hey nico happening he? is is new alert st for whenev anyg happs in t mart. d's a natul. but thinkorsm u create cm alts r all the gs that areortant to you. d's a natshhh. t thinkorsm u create cm alts alerts on anytng at all?

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at's the value of a walk in the woods? not st wealth, but things tt matter. morgan snley time for the final trades. >> a little pull back in the airlines. today a little bit of a bounceback. jetblue is going higher. it's going up. >> heather z. >> 2017, i'll hang my hat on the consumer, baby, let's go shopping. >> carter? >> disney trading below market for the third time in 20 years. nobody likes it. >> brian kelly? >> for me, i've got an infrastructure play with a

nuclear kicker. it's jacobs engineering. you've got problems with toshiba, i think jacobs could benefit from those problems. >> interesting. i'm melissa lee. thanks so much for watching us at our new desk. see you tomorrow >> my mission is simple -- to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm just trying to save you money. my job isn't just to entertain, but to teach and coach you. call me at 1-800-743-cnbc or tweet me @jimcramer. nobody, i repeat, nobody likes to be disciplined. they don't like to be