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tv   Fast Money  CNBC  February 8, 2017 5:00pm-6:01pm EST

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going to shame the other guys. you already see facebook getting an upside because snap's might move. >> that does it for "closing bell." "fast money" begins right now. "fast money" starts right now. live overlooking new york city's times square. traders on the desk. tonight on "fast," the top technician said the banks just did something very, very bullish. he'll be here to tell us what that is and how to profit. plus, oil hovering near the key $50 level. more on the way. and "mad money's" jim cramer just spoke to ge. we'll hear his surprising comments in a moment. first we start off with a tweet heard around the world. president trump attacking nordstrom. not for a particular policy as he has with other companies but
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rather for something that appears to be personal. the rt company's doigs drop ivanka's clothing line. >> she is no longer involved with the management of the company but her father lashing out at nordstrom tweeting out, my daughter ivanka has been treated so unfairly. she's a great person, always pushing me to do the right thing. terrible. >> she's not directly running the company. it still has her name on it and there are clearly efforts to undermine name based on her father's position on particular policy that's he's taken. >> that was sean spicer briefing the press. last week nordstrom confirmed it is no longer placing new orders or the on ivanka trump's
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merchandise. the department store did just give me a little more infoe saying over the past year and particularly in the last half of 20 recall 16, sales of the brand have steadily declined to the point where it didn't make good business sense to continue with the line for now. adding that had ivanka was personally informed of the decision in early january. er so it did gather steam using the the #grab your wallet. it is certainly possible sales fell because. boycott or some customer discomfort when it comes to buying trump merchandise. looking at the we the 16 nordstrom's map. 2 twrik in blue states. 126 are in states with electoral votes that went to trump. there are nearly 2 retailers who sell there ivanka trump there merchandise. either online or in stores. some of it shoes, bags, a bigger sxormt some of it in the case of
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bed, bath anded beyond is just the dimer bag. >> to be clear, did had nordstrom come out and formally announce would it no longer be carrying will the merchandise? >> it was in response to an inquiry. they said it was part of assessment that we do all the time. typically when we make assessment, about 10% of the merchandise we carry gets taken out and replaced with 10% new merchandise. then they clarified further sthag decision was made because of the sales performance. particularly in the laugh half of 2016 through january and that's when ivanka was personally informed of the decision. we heard about the suit? >> we know that tj maxx and mr. had marshalls are still carrying the line but according to the "new york times," a memo was circulated to take will down to ivanka trump signage so it is
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not so prominently he displayed. and we are reaching out to all of those still selling the vaumpl merchandise and there's some trump merchandise had as well. lam lamps. >> home goods. >> thank you. another sign that the trump smaigs taking its eyes off the ball of the tax reform. that's what the rally has banked. on getting this reform. is this just another thing seems to be an obstacle to accomplishing that agenda? >> no. i don't think so. i think it is a distraction. i think the agenda, although it seems there are some road blocks that nobody will anticipated, they're seemingly coming up. i don't think this is an obstacle. if you want to drill down to nordstrom's, pretty interesting. about a week ago or so, steve said you could probably buy these retailers for a short selling rally.
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nordstrom's, big short interest. you could probably tone stock into this. i don't think it was a stroke of genius. the super bowl was over the weekend. er romeo had four or five commercials. we've spent all this time talking about nordstrom's hrl without them spending a cent. this is most they've been talked about on any network in the history of the had company. er what i am saying is, you can set up for a nice short coming rally. >> to that point, it was in the top three, if not top two. >> they've got a fantasticer balance sheet. i think retailers are overdone, too. if you're going to pay retailers, play guys who will be buying back stock and giving
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bigger dues. more like the gap store. nordstrom's department stores are competing not only with themselves and amazon. had go to the home improvement stores. to go places where the top line is growing. the same head winds are not hitting them. where residential fix investment is gdp. er it is near 40-year lows. that's the place in the retail space. i think the sentiment around the sector is ridiculously low. the time to buy them is not now. it is probably early summer. >> my view on the department stores in particular is that you have to see consolidation. we saw it around macy's, i guess it was last week. that stock has high shortage. i think 2017 going to be the year that you see some consolidation. and one more thing about the red/blue map. pretty interesting. 226 stores in blue states.
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1 thing about red states. that's the problem with these guys. i should not matter what the physical bricks and mortar is. to me that's why amazon is kicking their butt. they're competing with their products, with other omni channel stores. >> my takeaway was not getting inswrofld the tweets, talking about it as the biggest effect on the stocks is that border adjustment tax. when i saw interest pop, you saw all the department stores reverse today. it made me think the steve forbes comments yesterday -- >> this morning. >> he talks about border adjustment tax. and donald trump said had how tough it will be to implement. i think what you have to look at, if that subsides, all of these stloks run much higher than they are now. tax restorm that passed or dead
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on arrival? >> i think the border adjustment tax will not be in the same form that it is now. a softer sell i think that sell off in retail was overdone. i think looking backwards, they have a lot of tail winds. >> thought as trump has weighed on on classic elements. almost had rallied to near year to date highs. our next guess says buy now. let's to go rich ross. >> as you alluded to, are reflationary narrative has come you understand pressure. i'll show you how to use that weakness to make money in stocks. let's start with the dollar index. you can see trump has talked it down. we're down 2%. we're sitting here at critical support.
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and guy adami. multiyear breakouts. you've just retested the break points which is textbook pattern. it tells me that dollar dter do reflux. coming under pressure, sit go at 230. let's fast forward here. here's what we like about the financials. you saw that weakness in yield. the stock inned bond prices. but the etf stands tall in the pocket. you're up 60 basis points to date. up 42% over the last year versus 26 for the s&p. the fact you've held up in the face of a weaker dollar tells me. yesterday the stock broke out to a fresh eight-year high similar to the dollar index. you pull back. this is 50-day. recall that's a show of
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strength. you hit the moving average. i am a buyer at that reflationary narrative. don't lose the faith. >> should we invite rich ross to the desk? >> those football metaphors. i'm toward roll right now. >> nick will bring in the chair. get all comfy over here. i think you have a question. >> when the pocket is collapsing, you tend to see the quarterback scramble. the deep passes are the ones you don't want to throw. it is probably an interception. morgan stanley has outperformed everybody. they've outperformed and they look to be the biggest targets. in a world where, the recheck reality is settling in. there's no way the bond yield should be at 275. in a world where i think yield there's stay here and possibly could go lower before they go higher, that financial strain
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got a big which move. >> the bank financials, morgan stanley, have remained very stout in the face of this had uncertainty. they've pushed through pro growth qualities. it would underpin the financial strength. good news is going to send them higher. had they have created a nice buying opportunity on a stock. >> so let's take jump back. get off financials. back to the dollar. so if you think the dollar is going to reassert itself and move higher. do you look for that, yes, outperformed. do you go for the russell at this point or are correlations off the board? >> they're essentially flat. they are moving in that very tight trading range. it is tough to embrace that. people feel like if we had a
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down side break, who knows? you've held up. the dollars pull back. it is still flat on the a year to date basis. when it resumes, it will be a key beneficiary here. >> when did you think a two-month period become something you wait to turn around? >> it hasn't broken yet. there is a strong possibility for the upside break. and all of that being said, even if we get a down side break in the russell. that break is likely to prove short and it is going to be a false break. we've seen it in this market at higher levels. >> good to see you. we got a news alert here on pay pal. dom is here to break it down. >> we've got shares of pay pal down about 2.5%. this is on the heels of a regulatory filing they made.
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their ten kmp and they disclose that had they've received subpoenas seeking certain information related to our historical anti-money laundering program. we are cooperating with the doj in providing information in response to the subpoenas. we are unable to 46th outcome of the government's investigation. that particular filing is causing the shares to fall in the afterhours, to put it in context, up 4% year to date. those shares up about 22% over the past 12 months. all right. thank you. anti-money laundering. >>er you get questions like this, you have to answer it. i bet we'll get more color this and i don't think it is the sort of thing it want to sell in the aftermarket. >> coming up, jim cramer. had nonresponsive some very interesting comments about trump that we'll hear.
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plus, we talked to apple yesterday. but quietly. there's another beloved tech stock that is making a run at the all time highs. and oil is slipping back to its key $50 level. and there's a major head winds that could take it even lower. ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. i am benedict arnold, the infamous traitor. and i know a thing or two about trading. so i trade with e*trade, where true traders trade on a trademarked trade platform that has all the... get off the computer traitor! i won't. (cannon sound)
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we export way more than we import. and i think at the ends of the day, we've got 5% of the world's population and 25% of the world's gdp. we create great jobs here when we sell our products he have place. i think the president knows that. >> that was general electric trick ceo had just moments ago discussing president trump. that kicks off the top trade. >> we're huge fans without question. general electric trick is a huge question. the stock can't get out of its own way. honey well has outgeneral electriced general electric.
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honeywell is now trading at an all time high. general electric is nowhere near. you can say it is for a number of different reasons. it doesn't matter. the fact is ge took their eye off the ball a number of times and they're muddling away. if you want to be in the space. you still own honeywell over general electric. >> if you look at i over a five year base i, a seven-year basis. it has gone from 32 before the pullback. it has had a tough year. i think some of the markets, the market share has gone a little bit flat. clearly a trade war with china and some of the places with the biggest investments should concern you. i don't think the chinese are in any position to stop buying from ge. i think ge is invested long term many business business. >> i would be buying this weakness. buying that dividend yield. >> is this the industrial you would want to buy? >> i think when you look at it,
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it checks a couple of boxes. more importantly you hearer him talk about this coalition on. the america made coalition. it feels like a corporate civil war. you have 25 companies on the president's side saying we're net exporters. then you have the retail corporations saying do away with the tax. we don't like the tax policy. and it remains to be seen who will be the winner in the end but ge, maybe i wouldn't bite just now. >> gto tesla. gl musk speaking to vice president pence. it is not clear what was in the call. musk in pretty much constant contact with the administration. it has been on a tear since musk was named on trump's advisory board. now just 10% away from all time highs. so is tesla a must-own stock?
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>> i don't think so. back at 260. this thing has gone up in a straight line from 180. guy adami has been all over it. you and i were talking about it yesterday. musk's positioning around the president and with this administration, it is pretty interesting. he is walking very fine line bluxth the people he has gotten behind him and his cars and all this stuff to mars. it is a lot of these people are really opposing the president's agenda. so there's a potential effect for his brand. he's been untouchable for years now. it will be interesting to see how he makes it. >> with the waiting list for a model three shorter? >> not a model three. that's the $35,000 car. that's the election car that you can buy. it is the model s that got to the model three. those things may see, maybe i'll
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buy a bmw. >> i think he has positioned himself. he's positioned himself so perfectly in this. he shows up with tech companies, with automakers. he is top of mind with this administration. i don't know what time type of subsidies. this has been in overbought and running overbought for quite some time now. it seems like he's figured out how to pull a rabbit out of the hat. the only thing is if he does a cash race. >> the company has a cushy wrip the government? are we investing in emerging markets? because it has an inside track. >> but clearly, the stock has rallied because of his buddy/buddy relationship. he fits into this nice little position between being an american company, a technology company on.
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>> he shows up. you would say that's effective. he is the ultimate salesperson. he's become the ultimate symbol for that name. and i think that's part of it. this has been a tremendous sales story. to me, that whole thing. if we hadn't gotten to a place. if we debunked one of them. that i think you're overlooking they can't deliver cars on time. >> this aller, delivering cars that they said they would on deliver them most recently. more recently the company has been able to deliver on more promises than miss. >> yeah. and this will sound like, it is not meant to be glib. the name change makes a difference. >> tesla motors to tesla inc. i think they're trying to get away from being associated with just a car company. maybe they're a bigger company than we give them credit for.
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i understand it feels like nosebleed company. it feels to me -- >> let's remember what his major point was. it is a 28% short interest. if the reason for buying it is they're comfy with the government, that's a reason to sell. that's a reason they could ching hrs and that's the wrong reason. >> trying claw its way back with a conference call underway. we'll bring you the comments later this hour. in the meantime, here's what else is coming up on "fast." >> i don't know. let me ask you. should i keep the twitter going? >> if you own twitter, yes. you'd better pray president trump keeps the twitter going. and we'll get proof tomorrow. we'll explain. ♪ up from the ground come a
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there's speculation prices could be about to drop. jackie deangeles has more where you can find most controversial pipeline projects. >> reporter:s trans-canada ordered it long before president obama vetoed the project in 2015. here in arkansas, 300 miles of pipe. each piece roughly 20,000 pounds. what will happen to it? will it go into the ground soon? it all depends on how the details of president trump's executive order are further laid out. the president said that he wanted the i'm thats made in the united states. these pipes. were he also said the steel used had to come from the united states as well. right now that's not the case. the steel for large i'm thats like this one come from places like italy, china, japan, india and turkey. the steel could be sourced here but right now it's not. and analysts say it could take a
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while to ramp up to neat demand for new projects coming online. and there is question of this particular pipely. be sold off for scrap so that it meets, it is reordered and meets the dimensions of the new executive order? right now, nobody really knows. that probably wasn't the president's intention but we need more detail here. and remember, when we're talking about pipelines more generally and these projects moving forward, we're also talking about how that could increase shale production in the united states. there's a danger. there as opec is cutting, shale is boosting its production. when that happens, you risk oil prices moving back down under 50. >> thank you. a lot of places to go in terms of oil prices as well as the infrastructure stocks which we've talked about. >> it oil prices are here to stay in the 50s. i'm not amazed. the 4.5%, the announcement
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l.s.u. suddenly return to the same will production growth in 2014 is wrong. had you have iran pushing for the opec cut. u-russia complying because thor politics of russia in the middle east say they will cut and they need it. so oil stays in this level. you want leverage to mid cap. you the don't want to own refiners but margins are under pressurer wi ewith opec cutting. >> the more activity you get, especially shale production. you are going to see a boost. drillers adding new drills or just shale activity just ballooning. it will need service names. probably where you go. >> in terms of the i'm that line, jackie made an interesting point with the u.s. steel makers having to take a few years to ramp up for what is needed for a pipeline. what do you think? >> i think it is a great
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question for guy. >> i think the u.s. steel is up 2.5%. the market doesn't seem to care. it is not unlike what you're seeing in financials. it could be a year or so. people aren't waiting to buy the stocks and the same thing is going on in u.s. steel. it moves 2.5%. seemingly up and down. to me it feels like the next significant move is to the up side. i get the risk. but all this rhetoric about buying steel, u.s. steel. and he said, buy u.s. steel. not necessarily the company. although that is a great company if you want to go back. all that to me is bullish. >> there is falling inventory on tubular steel. u.s. steel has showed in the last numbers that they are free cash flow positive. they'll be even more cash free positive. the effective tax rate goes from 30 to 10. so they benefit from the environment. they're already doing better in
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the colonurrent environment. >> if you are of the belief that the repeal of obamacare replace of obamacare will take longer, that corporate tax reform will take longer and maybe that pushes out infrastructure, should you be in this trade now? >> if infrastructure is pushed out longer, the stocks will go lower. but guy made the point the other day and now. if you sit there and tweet about anything involving a tariff, these companies, especially u.s. steel, will spike. higher. >> a tariff. >> if there is protectionism. that will delay whatever it is in the infrastructure. >> the lion's had share of this move. a function was what was going on. many you name it. >> i'm looking at u.s. steel in november after the elections where it spiked higher. >> you look at i the last year. the lion's share that move was
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>> reporter: putting steel companies out of business. they've had a nice long run after the election. but the reality is the demand in the steel market ask the recovering steel prices happened mid summer. >> one options trader is betting oil and gas will go higher. >> let's look at the s&per oil and gas. one of the largester trades was a buy of calls. short data calls looking out to february 17th. next friday. there was a buyer of 5,000 of the 39.5 strike calls paying 31 cents for those. they break even apt $39.81. had from that trading price here. er there's the xop. he was talking about the levels in crude. he is thinking it stays in the 50s. this is one year chart. this is an equally weighted etf.
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not like 30% chevron and exxon. i think the biggest weighted stock. it is checked back as my major man would say. right to that trend. it looks kind of ready for a poised move. here's the chart of crude over the last year. it hasn't exactly checked back. that would be 47 1/2, 48. this is a really interesting chart. b.k. brought there to my attention this morning. he thinks it is a really important level. this is what happened. we were talking about the dollar before when the dollar started rallying. that's when crude started to collapse in late 2014, 2015. $50 has turned into a very important had support resist tan line. when i see options activitier like i just detailed before, low premium. short dated. this is a trader looking to peick spot, add a trend.
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>> guy? >> i will say this. the options action crew. which you know i'm a huge fan of. being carter braxton. the last few days when they've gone to the smart board and talked about these, 75 to 80% they've come to fruition. who am i to argue with his move? >> does anyone want to argue with him? >> the big argument is positioning in general. it is extremely bullish and that's bearish. >> talking about the large integrated names. look at the price action in exxon. down 15%. look at chevron. down 8%. 52-week highs in december. you're seeing really bad price action from the leaders. the fact the commodity has been able to stick. we've already identified psychologically, 50 is a pretty important level. i guess you wouldn't want to see it really fall apart and break
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that trend. investors losing faithful not only in the large cap leadership. i think the charts tell that you many they're at some pretty critical levels. i don't put too much faith in identifying 5,000 contracts and calls a week out. it gets me looking at the charts and seeing what'ser possible. >> more options action friday at 5:30. we'll bring you the headlines moving stock. and later it's no secret that our president's favorite form of sxlun communication is twitter. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat.
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we've got an earnings alert on whole foods. let's get the very latest. >> we were down as much as 4% in the after hours on some pretty heavy volume. selling off whole foods. this is after a lack luster quarter. we saw comparable sales falling close to 2.5%. down now for six consecutive
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quarters. in part to store cloesh churs they just announced in the conference call. >> as we work to position whole foods for long term success, we have carefully evaluated our portfolio stores and made the difficult butter prudent decision to close had nine stores in the second quarter whole foods is no longer the only game in town tracks additional supermarkets have gone into upscale offerings. online retailers like amazon fresh and fresh direct are taking away customers. so are companies like blue apron. it's a tough environment for whole foods and grocers. whole foods has been responding by slashing prices, offering more promotions and they even started a loyalty program and
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offering a this 365. they emphasize that had they did not want to compete in a race to the bottom. the stock is trading at half the value of its record high in 2013. back to you. >> all right. thank you very much. of whole foods is not tonight grocery store struggling. there's sprouts down 4% and kroger. can these grocery stores on survive? another piece from the conference call. they say it is unclear how long the deflationary struggle will continue. i think you have way too much shelf space for buyers out there and they're killing each other. whole foods is starting to get into the promotional activity they should have done a long time ago. so i don't touch it here. i think if you look at the bigger name players, kroger to me is starting to look interesting. target to me, after a big, big
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pullback in this whole staples run, people will flock to target. i'm totally against the shorter term story. but if it holds the 28 level, you can buy it against 28. if it holds the 28, it is worth a shot. if i breaks that, it agencies lot lower but 28 is a huge level. >> worth a bounce? >> it is a huge level and there's an air pocket below it. remember monday morning, about amazon going into the 20 to 30,000 recall square footful are space? jeff bes bezos went to twitter to deny it. in convenience stores. what a better way to get into bricks and mortar grocery if they really want to do it handle the buy a whole foods and rebrand and it put a bunch of
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bots in there. you want to get margins up? that's how you do it. you fire up robots. >> what would they be buying? the real estate? >> you would be buying a store that people are comfortable going to. they go less and less. >> the blue apron. what i'm saying is all of a sudden amazon will go bricks and mortar. there's easier ways to do it. this could be where you buy the infrastructure. let them modernize it. that's how you get into the space. >> let's stick with things that are not. give yad, that stock was a major buzz kill today. the lowest level had had hixt delivered a weak never sales of its help tights c drug. >> the product of their own success. the victim of their own success. they have basically cured it. >> now what? dan has been on this stock since the down side since it was a
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$120 stock. that's true. unequivocally you've been saying you have to sell this name. with the same valuation. it has nothing to do with the story at all. the story is the balance sheet which is crazy good. but now they'll be forced into making a deal they don't want to make which is equally bad. so on it is no man's land. as much as i would like to say buy it on the flush, i can't say it. >> here's a cheap stock and he have one comes and makes a case for it. we have the s&p that is just banging around in the 2% range. bad stories get worse. look at theed under armour. this is, you don't want the perceived value. buying things that continue to go down. of they were dealing with political risks. now you look at gilead right there in the top four holdings.
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now people will look more specific to the individual names make that up and say, maybe it is two binary onner too many fronts. maybe i stay away. underarmor is not a value stock. it has been a growth stock. and it's been slammed. it is a balance sheet that's fantastic. they've come and said we dwoenlt bad even though we are looking. they've outfoxed themselves by the standard and have solved the h hepc virus. interest sales are holding on. the valuation, and i've been twrong last $20, saying it is going higher. so nothing has changed in the story. the earnings they just released you told that and i think you should be in because i think value works. >> shares have sold and it could be thanks to trump.
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we'll explain why. plus, netflix and toys. looking to create had for house of cards and stranger things. so will the swag take to it new heights? we'll explain.
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. welcome back to "fast money." netflix hit the all time high for the second day in a row. this with reportser surfacing that the video giant is looking to get into the toy and merchandising side are. more record highs ahead for netflix? >> i think it is a of waste of time. they're makesome great original programming. they're not disney. >> licensing. >> remember when we had divergent was a big hit and he was talking about the shirt sales. have a ball with that. i don't find it interesting. the reason he's been identifying why netflix continue to move higher. once they figure out some live streaming stuff. maybe it continues. >> i don't even know if they want to be live streamed. i think they have pricing power. there's a tremendous amount of
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competition in the space. i just pay it. i just feel -- >> if they raised it a buck, would you pay it? >> yeah. $2. the same thing with amazon prime. i think they have that pricing as well. a lot of room. a lot of slack. amazon prime for things that i perceive as quality, especially with netflix, there is a lot of things that my kids watch, things that i watchful it is just there. >> most people watch netflix because they know their kids can watch annoying there but they can get on it hulu, from disney. i've been twrong last $50 so it is one of those shows for me. i think the competition in this space is unbelievable. i think they're spending way too. to content. and they possibly bought at the top for stuff already you understand contract. >> let's switch gears. shares of twitter in in the
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earnings report tomorrow. it might be thanks to julia. >> twitter is certainly under pressure. a key test whether jack dorsey's changes and the new focus video are working. last year twitter add 4 million users. the could not sense us is that this year it will slow to just 6 million monthly new users. but there are stock was upgrade this morning saying he believes user growth is accelerating based on the daily usage. he predicts president trump's use of twitter will give struggling service a second chance. >> it is hard to disagree the fact trump has put twitter back on the map and made it part of zeitgeist. whether you love trump or hate him, he is on twitter, he is tweeting actsively and the express putting a spotlight those tweets and his twitter
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usage. >> tomorrow morning we'll be looking at commentary not just on his twitter presence but various changes to the product. such has the big focus many video content including football live streams. now, twitter's revenue is expected to grow just 4%. while earnings per share are expected to drop 25% to 12 cents per share. the stock has been on a run. it is but that 15% this year. 8.5% of that just this past week. in addition to greenfield's upgrade, investors seem to like the changes announced dwroed crack down on trolling. but there are big questions whetherer twitter can and should. >> i pose this question to you. most of twitter's recent run, was it predicated on the notion stwirt a takeout candidate or
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that the president will breathe new life sboom into it? >> are any hint of a takeover for twitter but i think this whole president trump things length itself to a stock that might go higher. snith trump has roo indiana twitter for millions and millions of people and we're kind of over it. i don't want to see the dialogue. there's a lot of hate stuff. >> that's the beauty of twitter. >> it might be groming your perspective. >> you have to as a stock trader. you have to. i'm doing it much less to be frank. >> you have to be agnostic when you trade stock. you can dislike the president but you have to know what he's saying.
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>> you the don't have to follow how many twitter. >> you're going to get it minutes later. >> if i had a trill bucks, i would call him a cyber bully in chief. >> that's why you feel jaded the way do you. but 25 is the level in the stock where those takeout rumors were persist tent and prevalent. >> cyber bully in chief. #. >> at least i know you're an independent you have to go off 30% to get to those takeoff levels. >> coming up, guy thinks you should buy this one defense stock that recently hit all time highs.
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it is one year until winter olympics and everyone on this desk is so excited that guy even sfenlt day perfecting his routine. and look at those moves. >> as he great spotter for me. >> careful! whoa! >> ge. i think jeff has it all under control. >> pay pal below 40.
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>> it's a glory, baby. honeywell. >> thanks for watching. see you back here tomorrow at 5:00. meanwhile, don't go anywhere. jim cramer starts right now. my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always 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 some money. my job is not just to entertain but to educate and teach. so call me at 1-800-743-cnbc or tweet me @jimcramer. the litany never seems to stop. overvalued, dangerous, perilous, bubble, honeymoon is over.

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