tv Fast Money CNBC January 3, 2017 5:00pm-6:01pm EST
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line of business. if this is the way people are interacting and amazon has it. >> the front end. >> crazy. in any case, we should talk briefbly the markets the rest of the week. a lot more date headed our way. >> it will be interesting to see if the markets respond to the data as opposed to the policy and the beginning of the year flows. >> that does it for us. "fast money" begins right now. >> right now, overnew york city's times square. tonight, two of the big winners in the dow tray last year's big losers. disney and nike coming out stront. are they about to make a major comeback? a top technician explains. plus, one of the biggest on the scene. tony dwyer. he calls for a rally. he is here to say why he sees trouble ahead. and one stock that has been on the major run this year is getting crushed today but it
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could be a huge week. we've got that name and those details. first we kick it off with a wild start to 2017. the dow soaring before reversing. nearly erasing all the gains. but then soaring back in triple digits at the end of the day. all this as president-elect donald trumper sets aside the automaker. >> a tweet and then an announcement. two pieces of news that certainly tie in with what donald trump has been talking about when it comes the manufacturing of vehicles in mexico and then importing them for sale in the united states. let's start first with ford. this has been in the news a number of months. ford announcing it is dropping its plans to build the $1.6 billion small car assembly plant in mexico. it denied that it made this move to appease donald trump. but listen. when you talk with mark, we talked with him on the halftime report. he made it clear ford had to make this decision on move forward given where the market
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is right now. >> we look at a lot of different factors. one of the factors that we see is a mores to i have the u.s. manufacturing business environment under president-elect trump. we see the pro growth policy that's he is proposing. so this is a vote of confidence in what we think the president-elect is going to pursue and it is right for our business. >> and by the way, they're going to be moving small car production down to mexico. just to an existing plant. meanwhile donald trump earlier in the morning tweet pout general motors is sending mexican made model of chevy cruze to u.s. car dealers-tax-free across the border. make in usa or pay big border. at a. they didn't take long to respond. the sedan, that's the key word, in lordstown, ohio, all sold in the u.s. are built in gm's assembly plant in ohio.
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gm builds the chevrolet cruze hatch wack in mexico with a small number sold in the united states. last year, gm sold about 4,500 of those hatchbacks in the u.s. take a look at the shares of gm and ford since the election. while this gets a lot of attention, you rarely see a president or president-elect specifically tweeting about a company, it's the border tax that is most interesting. because that has huge ramifications for the economy, for all automakers, the entire auto industry and manufacturing. whether or not he goes after one small vehicle, 4,500 of the cruze hatchback. that's what we're going to focus on but it is what's happening with nafta and the auto industry. >> that's a much bigger issue for the automakersful i think it is interesting that the president-elect would actually cite the chevy cruze as opposed to going after a make or model that would be much more
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impactful. it seems like he's letting them get off light by pin pointing the chevy cruze which is made for global markets. in the end still shifting small car production to mexico. >> right. and he's using the cruze hatchback specifically to get across his boipoint about naftad the point you cannot be building all these vehicles down there and then setting up for sale in the u.s. without paying a border. at a. which is what he is advocating here. it sets up his argument very well for people to say, yeah, that's correct doesn't really make sense. in reality, is the chevy cruze hatchback going on move the needle right now? 4,500 sold last year? no. it's not. it is a flash point for the broader debate about nafta and the ideas of taxing vehicle being built in mexico. >> and the context, if there is
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a border tax, presumably, it will be passed on when a consumer demand for vehicles seems to be wayning a bit. incentives are on the rise and things aren't great for the demand picture. >> you're right. how much will it hurt demand? we had a report that we had a chance to look at about a week and a half ago. the estimate was that sales would drop about 400,000 if there is a tax implemented. we don't know how much the tax might be per vehicle but there's no doubt people won't pay another $3,000 for a small car that's built in mexico. either they're going on eat it or the auto makers are going to eat it. somebody is going to eat it. >> thank you. with this developing story, it was fascinating when that tweet came across this morning. you sold some of your automakers already. >> i was doing this last week. i was looking at my portfolio and i was trying decide, which of these names had the biggest
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beneficiary? you listen to ford say they think the environment will be a lot more constructive. certainly tax cuts that could affect the consumer in a massive way could certainly bring forth more auto sales. when i look at gm. first of all, gm trades four times in the last 12 months. it is ridiculously cheap even by its own standards. i realize the last 12 months are what people are saying is the problem with autos. gm, when you want to consider trump's attacks on china. if you want to think about a company that is a target, they were fined december 23rd. that concerns me. so these trades, i want to get back into these trades. this is more tactical than i often am. >> so this is actually a much bigger story than just 4,500 cars in mexico or gm. this is a global, a global
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economic story. you have a couple different things going on. it means inflation will be higher. somebody will pay for that border tax. that has monetary policy implications. does that mean the federal reserve will have to raise rates? then you have specific companies. look at what happened with ksu, kansas city southern. down almost 5%. that's the railroad company that brings everything up from mexico. that will be one that is a target. another company that is not quite on the radar for this but should be is walmart. they import a lot of their goods. if trump starts going after china, we talk about it a couple weeks ago. don't be surprised to see a buy american hire american. >> interesting that we saw kansas city southern sell off so sharply. yesterday the trade in gm at the end of the day was higher. >> to me it was interesting. we had our talk at 12:00, 12:30. and tim brought a couple things
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to life that made sense to me. this is not just an auto thing. mexico now is in the cross hairs again like it was pre election, then kansas city southern which was trading 79 the day before the election, probably heads back there. so it is not as crazy as it seems. in terms of the auto trade, ford, 7 1/2, 8 times earnings. been in a three-year down trend, no question. it peaked this 2013, down '14. trade down with another low 11 handled recently. now seemingly put in the double bottom. if kit close at $13, given what the market is doing, given that this has been a no touch stock for literally a decade, it might be breaking to the upside. >> it is also down 27%. there's something going on there. you talked about the trump trade and what worked. gm had a healthy rally. and one of the things that i think is interesting, let's go
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back to 200 neighb9. gm got saved. so the flip sbid ford, listen. saving this plant, you know, who knows what that means? i think we can all agree that means higher priced cars here and what does that mean for demand? i'm not certain that's great news for ford. >> it's great news for toyota. these toyotas will never be better priced in the united states than they'll be now. and it gets to a place, it may come surging back. >> why wouldn't toyota have protectionist problems? why wouldn't trump say buy american cars. >> we can do all kinds of things. >> he is. there is a limited amount of toyota that's we can import into this country. >> the toyota trade -- >> they're manufactured in the united states.
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the question is -- there are a lot of cars, right? perceived to be imported cars. foreign cars assembled in the united states. but the parts come in. they could all be impacted by this. >> that's why i say walmart. >> they could all be affected. i'm looking at an inflection with japan or some kind of a pivot point in asia where japan seems to be the favorite son. >> if anything else, i think that's why it looks like a better trade here. >> what do we do on this first trading day of 2017? >> gm had good results. i remember investors feeling pretty decent about it. the stock didn't have a massive reaction. you take some profits there. if writ to come in, that is probably the one you want to own. i don't like buying the laggard of the two and i would stick to that. >> the strength of financials?
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>> we've talked about autos in aggregate. i think if everything everybody says is correct, ougauto zone w work in this environment. jpmorgan came out and that, the fundamentals are better. this is a sfok will challenge the all time high it made earlier and break out to the upside. >> i don't think so. no. >> i know he's paying attention. i know how much he loves it. i think it could be bad for autonation if demand dries up. if the automakers want to absorb whatever that tax is, okay. maybe it won't be passed on. i wouldn't buy autonation based on this. i mentioned the fact inflation may be going higher. i bought some silver. i think that's a great way to
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play the inflation trade. it has traded very, very well the last couple days. >> look at europe. pmis were very strong. inflation there, much better valuations and the european banks are soaring. coming up, disney and nike picking up with big moves. plus, strategist tony dwyer called the pause he said the market could get worse before it gets better. and one stock on a major run could be in for a huge week. foo
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comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company. say hello to internet speeds up to 250 mbps. and add phone and tv for only $34.90 more a month. call today. comcast business. built for business. welcome back to "fast money." disney and nike, two of the top performing stocks in the dow today. let's go to you to see what you expect from these names in 2017. it is almost like a would you rather? >> i like disney. 2016 was a pretty range bound year for disney. you can see that there are two moving averages. the 50 and the 200 a day moving
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average. we've just gotten across which is usual lay bullish signal. this was a sell signal. worst time possible. there's quoept rogue one." a lot of it has been a function of the range about nature. i wonder if rogue 3 will be the breakout here. we have a nice resistance. we want to push up. earnings heading into february 7. i like the outlooks on disney. as we head to nike, not so good. we're seeing a very strong down trend here. nike reported earnings. the margins are being squeezed. i think nike has a lot to show. it is into the 57 1/2. that is channel that defines this. until then it looks like we might have a bad swoosh pattern with resistance on the down side. >> thank you. trading analysis.com.
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>> see, he said a swoosh pattern. did you catch that? >> great job by todd. >> todd said something smart and you have to explain it? >> right over mel's head. right over your head. >> do you want to start 2017 by insulting me two times within the first 20 minutes of the show? is this what america wants? >> no. they want a trade. >> would you rather? >> nike. >> i understand what he's saying. nike has been grim for quite some time. it has held $50 a number of times. last quarter came out. they didn't obliterate the stock. nike had a quarter on which it was trading on the down side after earnings. coming out and waving his magic wand got it to 105, 106. i think the next 10% in nike could be higher. >> by the way, what got them
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moving. nike was the top pick for 2017. the analyst calls are out on these laggards. >> it is interesting right after the star wars effect ask to me that's often been the time to buy. i hate to say the. >> say it! >> these guys reiterated everything you wanted to hear. meanwhile the futures orders were up 70%. if you look at the currency impact, it is potentially a big impact. china was growing 19%. everyone that wants to pooh pooh their ability. what happened to this at leisure trend? >> guys wearing yoga pants right now. >> i am. for me, i'm going to disagree. i think disney is the better play. nike has big, big head winds the dollar. so for me, nike is a no touch.
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if you look at disney, why was it down over the year? the espn product. they can't figure it out. it reminds me of facebook, they couldn't figure out mobile. >> espn is showing the same thing on two stations right next on each on bowl day. that doesn't make me feel good about them. to tell me what's going on in the head winds in the media sector right now, specially on cable tv. >> turn it just a little bit. so he spins it. the stock is higher. this company traded at a premium. i think consumer products are all great stuff. >> they paid $4 billion for lucas arts four years ago. they can $2 billion last year. $1.5 billion in 2016 and then next year, they're going to have whatever the force awakens. they're going to do $5 to $6
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billion alone. that may be the thing. then if you go watch it, and i did twice. >> that's not something you want to -- >> hole a second. three of the four are marvel entertainment movies. they're killing it. do you know what i saw the last month? moana. it is killing it, too. i think disney has discounted a bit of this. what is going on in the studios. >> stocks fwrenl 90 to 108. >> i will tell you this, we're talking about really poor price action in nike. you said the results were good. it is $52. down 22% from aier ago. this is a stock that you start to nibble on. >> so basically, all of this is to say you're not buying either of them. >> i think that you may be getting awash a little bit. i think they'll start anniversarying out of some of
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the steep declines. >> this stock is actually cheap right now for the first time in a long time. >> it will be in the 40s at one point. >> what were the movies? >> rogue one and moana. a huge hit. >> very big up there. >> let's move on to another big mover today. the gold miner. 4% as gold jumped about $9. >> yeah. so the gold miners, the stocks have been washed out over the last couple weeks. what i think was interesting today. you had the dollar index hit a new high. yet the gold miners, silver, etf, haul fantastic days. it is why i bought silver today. i think people are starting to see the inflation effect. >> why didn't the inflation
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effect, we've had 13-year highs, and yet it is pushing down. >> i hear you. germany had 4.4%. that i think had something to do with gold trading higher. people want to take both sides of the gold trade. not you per se. is inflation going on step in that means higher dollars, higher rates. >> gold and the dollar go up together when there are higher rates and higher inflation. that happens. it's happened every two or three years. >> how high are rates going? >> how high is inflation going? >> well, my view is that gold is holding 1120, 1130, very bullish. i think holding gold isn't a bad thing but people end to jump in when there is a reason to buy it. and i would be careful.
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>> literally a life time ago. >> yeah. >> yeah. >> and your question -- are you going to camp? i think he is on to something. if you look at it, how that $33 level from now until recently. maybe gold went to the down side too fast. maybe you can see the upside. for a trade that makes a lot of sense. >> i think it is in the massive down trend. i think it round trips the entire move. this counter trend rally is in a counter trend situation here. i think you could look for it in the 17 cup. airlines. the three name will take off.
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you're watching "fast money." in the meantime, here's what else is coming up. >> coming up -- >> it all come down to a few moments. >> one top strategist says this could be one of the biggest moments for the fate of the trump rally. he is their explain what has him so nervous. plus -- >> where we're going, we don't need roads. >> so we might still need roads. but we have a special report on what the future will look like for cars this week at the consumer electronics show. and the stocks they're bringing along for the ride.
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the dow saw triple digit gains. here's what's coming up in the second half of the show. the consumer electronics show kicks off this week. with smart holmes and smart cars, what are the stocks to be watching? we'll have a internal report. plus, the dow stock that could be in the dog house. we'll give you the name and how to play it. but first the largest banks appear to be holding their collective breath as they await donald trump's first moves in office. what is expected in 2017 by the wall street crowd. >> hey, not much is the key word there. thanks to the trump rally. the consensus wall street, would it end 2016 was just about spot on. the folks at bank. america, merrill lynch.
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they're estimate last year was around 2,200 versus where we actually closed, 2238. the experts this time, what do they think? according to our strategist survey which you can see right now at cnbc.com. we shouldn't be expecting a whole lot. the estimates we pulled for, 2325. that's about 3.5% higher than where we are now. on the high end, you have jonathan who thinks we finish around 2,500 or about 11% higher than we are now. on the low end, you have wells farg he would a range 2230 to 2330. if you take mid point, not much higher than we are right now. there aren't that many that think it will be a straight line. so among what they're watching, expectations, fed rate likes. also, how well president-elect donald trump can imflemt policy proposals he has when he takes
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office later this month. there doesn't appear to be a massive amount ofment on mix. so if the consensus is correct this time, don't expect too many fireworks. >> you know what's funny, last time they were right if you don't count how they could have been wrong if they changed their forecast based on a trump win. sole people were predicting armageddon if trump won. >> ask the interesting part is, he with got that 8%, 7% since the election. that's what got us to the target number. if we didn't get trump rally, we would have been about 70% off of where the media targets were. >> good job. now despite early signs, the dow had to put up a fight to come back with a triple digit like. could it be a sign of the things to come? our next guest says yes. calling for a correction.
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>> happy new year. >> what is your target of 2017 and how do we get this? >> targets 2340. i've said publicly it is conservative. but i thought we would have a fraction. just like for the same reason i upgraded it before the election, i downgraded it at the end of the year. you're so extreme in optimism, in bullish behavior. it is just one of those times where the market tells you at times, you may see some grinding upside but it is not sharp enough. >> what kind of correction are you talking about? >> we talk about the first day of the year and if it means anything. what was the worst performing sectors? the first trading day of last year. energy and financials were getting crushed through the first quarter. two of the best sectors for the year. so i'm very hesitant to say what it says means neglect. our view is that markets are
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correct 3% to 4%. while that sounds like nothing, if you don't convince people, corrections are only normal and healthy until they happen. and it happens with fundamental change associated with credit. credit is in great shape. yields are going up but corporate spreads are narrow. >> i get will, $115 of earnings for the s&p 500. what number could change? obviously -- >> if you give may 20 multiple, i'm double digit percentages too conservative. >> to answer my questions, what do the earnings have to be to get to the number? >> great question. there have been four times where we've seen the compression. all of them have been associated with the melt down of energy
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prices and oil prices. my number is $130. in 18 multiple. where i'm too conservative is the multiple side. wall street filled with these stupid targets. i know my target is stupid. what you want is the trend in valuation. >> what i would have missed, it was too high. i never changed, i changed the year and lowered to it 2175. i should have kept it at 2250. the surprise here, our thinking last year was what could go right? and that's the monetary stimulus. especially out of ecb through buying corporate debt. injected an enormous amount of money. that is showing one multiyear highs from the emerging markets, all the way to the developing markets. best sense 2011 out of the ecb. out of the euro zone. that's what is surprising and
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that's how you get 130. how do you trade this fiscal policy? i agree with you. we're going to get something. and i think the industrial metals have had a huge run and i would like to own them. >> i think the only time, and we've talked about this many times. theon time you want to be a seller, like sell, get defensive and get out is when you're expecting a recession. so what could happen with the caterpillars of the world, although we don't follow it. what could happen to the industrials, the energies, the materials, they go sideways for a while. kind of like tech did after the.com bust recovery. like financial does after the 2008 recovery. you want to be in them but not have the most significant performance. what does a correction call mean? that's what i want to explain to the viewers. to me it means, if you're really
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overweight, in the industrial space, neutralize it. if you're a leveraged investor. come down. at this level of bullishness, 60% almost in investors, with the weekly in the 90s, the risk is a little more short term than the rewards. >> good to see you. happy new year. >> all right. what would you -- >> listen. i think what he is saying makes a lot of sense. if you're talking 3% or 4%, it gets you to the breakout levels where a hot of these indices went parabolic. that was a breakout level. if you have gains, we were talking about this in december. that peel wanted to hold to things that worked really well and then sell they will in the new year. that could be a good time to do it. if you are bullish and you think that s&p 500 estimates will be $130 or something, that's where
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you start to pick back up. >> if you're a buyer and tony is selling, what would you heighten up on in. >> i would do it this way. the reason why is because you don't know where the bottom will be. right? tony is saying 3 or 4%, is it 5%? unless you're at the screen all day and you have that skill set to pinpoint the bottom, let's buy it. it doesn't cost you as much. you buy insurance when you have to. not when you need it. >> this all sounds like tactical. i think in the oil space where i've been very bullish, oil isn't stupid cheap on an output gap basis. we've had a nice run. to me this is a place where i think you can take shot. take some profits off the table. i think it will outperform this year but i don't warm to pie it today. we'll give that you. we'll get it soon. >> other side real quick, if you
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are looking for things to sell, i understand. if you're looking for, where should i get in? in my opinion, he is talking about 4%. it lines one that old time high. it was about 2135. we held there. that became a pivot level. if we trade back down there, stocks might present an opportunity. it is important to keep an eye on. the iwm stays above 130 which it has for weeks and the iyt which was down today, largely because of the trump comments. i think it is imperative that it stays above 160. still ahead, it was banner year for many of the big airlines. we've seen sky high numbers. we'll have the outlook. plus, robots and drones, oh my! what could be some of the hottest trends. much more "fast money" after the break.
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ces. we just learned that amazon is pushing hard spear our homes. teaming up with whirl pool introducing new suite of smart appliances like ovens and dryers that will feature voice control capabilities and separately, it is joining with three tv brands to sell a new line of tvs using amazon's fire tv operating system. so that means these tvs will include fire tv features such as streaming tv episodes and games. this could be a wise way for amazon to create greater stickiness for its servicesful first and foremost, its music and video libraries. from smart homes to smart cars. another thing on keep your eye on. autonomous driving. all eyes will be on invideo kroxt. he will deliver the key note
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address tomorrow evening and he will break news in some of the areas they're focused on and that includes self-driving cars. it has been a monster, up some 200% over the past 12 months. finally, tesla will also be in focus but not necessarily the ces. the company will be in reno. musk says he hopes to demonstrate autonomous drive in new york by the end of the year. the company told us faye deliveries in 2016 totaled 76,230 which was below guidance. >> i want to pack it up for a second. they're teaming up with whirl pool to make appliances like washers and dryers smarter? alexa won't pick up the clothes in the dryer for me. >> that's coming. maybe that's next year.
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that is the idea. so obviously, a push we're seeing big tech making a range of ways into our homes. you go expect a smart home will be a theme this year as it has been in years past. yes, today's headline was a few things from amazon. one was this partnership. the ability to control these appliances with the sound of your voice using the smart system. >> thank you. a lot to unpack here. invideo stocks also down on the heels of this key note address. >> so it is probably down about 18%? 20% since the all time high a week and a half ago? obviously, with his ideas, if you look at it, their eps growth does not dictate a premium of that magnitude. what you're buying is the hope they dominate space that he was talking about. if they do, this goes from a $50 billion market cap company
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probably into the low 70s. so to me, i get valuation is stupid crazy, you're betting on their ability to dominate space. if you look, intel is so far behind the curve. you wonder what they can do. >> i think that amazon whirl pool announcement is interesting. when you think about the functionality is, and how easy it is to build that if. . it is in a $50 device. how easy it is to build it into anything else. that will be the story. i'm not saying this moves the needle for amazon any time soon but they are there first. i know right now apple is not. there we all have siri. we know it doesn't do anything smart. let's see what google will do in the home but right now amazon is the clear leader. >> i don't want my washer or dryer to be hacked. >> knowing that she uses tide over palmolive?
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>> you do not wash anything. that's very clear. all right. >> i think alexa is revolutionary. i don't think the combination of a smart washer/dryer, we're really solving a problem. people have problems hitting the but the object. >> it's putting the clothes in the machine. >> in terms of amazon, it is not trading very well. 750. a close below that. i've been watching that for a week or so ago. it doesn't look great. >> what do you want? >> on amazon, i think the way it traded and reacted to the election trade and its over hyped performance is starting to actually build a base and start to look interesting again. >> valuization. it doesn't make any sense at all. also google. remember when they said they
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were breaking it down into tarts we konlds? there's no question that google has more call options for this year and next year. >> all right. switch gears now. to verizon, the stock up about 2% but not everyone thinks it is worth the bye. >> don't shoot the messenger. on a day the stock was but that 2% on that upgrade from citigroup. the stock has a massive run. it is up about $46. it. like i said, there was one big trade. a ratio spread in april exploration. a trade of about 25,to 50,000, that trade is the game down $49.
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that's $8 million premium. it actually makes money. all the way to $46.25. i see possible protection for somebody who has long shares of verizon. >> anybody agree with that? >> well, quickly, i'll go to at&t and say, look. they topped out at $44 billion this summer. here we are right back. may be that put buyers on to something. >> check out the full share fridays. meantime coming up, the nation's number one analyst will be here with his top picks for 2017. with the xfinity tv app,
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plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. welcome back. you may want to dial up your airline exposure even after last year's big run. the analysts are predicting another 12 months of solid gains. happy new year, hunter. you say the trends are about as good, they haven't been this good since the fourth quarter 2014? it has been that long? >> yes. the airline stocks do much better when oil prices are not cooperating. it forces the discipline on the industry on key capacity.
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and they generally trade on multiple changes. and they are dictate by the pricing power. this big pop we've sustain stocks up about 47%. 100% of that move has been driven by multiples. so it was lower than six months ago. >> a big part of that is discipline on capacity growth. you studied how much the airlines are growing and it is getting less. >> it is coming down, yes. so 2007 through 2014, domestic capacity was down. and then in 2015, 2016. it jumped to about 5%. so we lost. the industry lost control of pricing and they degraded.
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we expect only about 5%. it is only 2 percentage points but it has an effect. >> top picks. 2017. >> our top idea -- >> i am in delta. i guess my question for you, you were out there saying delta was trading at the recisionary prices. where is it trading now? >> it is about a 40 to 50% discount. in terms of the airline industry, a smaller discount. it is one of the cheapest we cover. it is questioning the ability to earn the level of margin that they have been doing the last couple years. quite honestly, they've had a couple of major competitors over the last few years which is just able to kill it in that gap. so delta's period of overearning
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might be coming to a bit of an end. we don't agree but that's what the market is saying. >> so it is trading about nine times earning. >> i thought southwest was the one that doesn't hedge oil prices? so is there something different they do in. >> they do hedge. they're only ones that hedge. hedging is a waste time and money. it is a joke. nobody should do it. the margins are really, really sustainable and robust. the nonfuel costs and simplicity of the markets they serve. haflt year because of the losses and hedging fuel. it is a billion plus difference and they put up the 18%, 19% operating margin which was among best in the industry. it could have been even better had they not been tricked by
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their bankers to think it was a good idea. >> i like how you looked at the camera. thank you. >> the best. all of a sudden we said spirit airlines are probably the biggest for your buck. hunter talked about delta, nine times, spirit, 14 1/2 times. if you want to take the place. >> they said it is worth buying now. my fst o ofofoerer, dod.
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final trade time. >> nike as a value stock again. >> tesla about, 2% after hours. you buy it. it is not a car company. >> so disney here made it all the way back to the mid 105ish area. i wouldn't be buying it. >> we missed you last week, by the way. >> me it issed you as well. >> i missed the fancy new desk. >> i was not here last week either. >> i saw you.
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>> let it rest. might be breaking out to the upside. >> he's hurt now. >> thank you for watching. see you back here. meantime, "mad money" with jim cramer starts right now. my mission is simple. to make you money. i'm here to level the playing feel for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. >> i'm cramer. welcome to "mad money." other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and train you. many things need to go right. they need to go right if we are going to maintain the advance in 2016. perhaps too many
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