more? >> we're looking at all of that. especially in times of economic uncertainty. this is where brands are extremely helpful. because people shop where they have that trusted relationship. we've got to get it right for them. >> thank you so much for joining us. we'll believe on the lookout. you guys can pick them up. >> the diamonds and the und underwear. >> "fast" moi money" starts rig now. your traders on the desk. tonight infamous wall street the tom lee is throwing in the towel saying it is time to buy fang stocks. we'll tell what you he said that had all of wall street talking and a number buying. plus, the one name hitting new

highs if. the chart master says has even more room to run. first an historic week of stocks. all four of the major indices near record highs. the s&p 500 and the nasdaq posting their fourth straight week of gains. we thought it would be a perfect little trade it or fade it names would you either keep buying or names that would you cut losses on. let's check out the biggest winners on the do you. cisco up 7%, pfizer, boeing, jpmorgan up 4%. do you trade or fade theser? >> one buy, one save. quickly. quickly. i like boeing. i've liked boeing for a while. it made an all time high today. valuation, people say it is stretched. i disagree. the favorite is proctor and gamble. too rich, too. too fast. not a high beta stock.

a high had market cap stock. >> it is a huge deal. >> doesn't this tell that you there is no pricing power? these guys are not going to top line. theon way to do it. it is almost out of desperation. in p & g's stock, this is $20 a share or so. i think that's the one you fade. oh, he fades yours. this is a company that is slowly transitioning. knile enterprise is growing. anything we want to believe about the economy, it helps these guys. the valuation is very fair. it is only recently trading out.

. >> i think it will be stable. phaser is up 4% but only 3.5% for the year. that's something i would stick with. jpmorgan for a trade near term. fade on proctor and gamble. >> i will own boeing. i've will owned it forever. i still believe it is early winners, late losers. >> lockheed versus boeing. they're really close to the president. >> boeing is close. >> yes. so f-18 versus f-35. it has garnered a lot of headlines but i believe boeing will turn back. lockheed will have a little tail winds. cisco legacy business. 37 billion. 12 on services. can't turn it around. so proctor, i think it has some juice left. proctor is up. >> you're willing to pay that kind of valuation?

>> if you're value it aing on one company. maybe it doesn't seem as high. >> where's that sum of the charts changing for the laugh nine months? >> you can also say, so why did it change on nelson pell state? >> i don't think it has. >> that's my point. the opponent is the stock has had such a good run. today's headline deal tells you they need to do something to survive to grow top line and it is consolidate. >> they are. so we got the first blush when you see a nelson pelts stake. it would have popped and then moved sideways a and traded lower. >> if you see it, they go in. they can pay that premium multiand cut costs that it is dramatic.

>> you couldn't justify it. with all due respect. some of these things are forward looking. be rear view. so i think proctor is trading off forward. >> correct me if i'm wrong. you can't invest in something could potentially happen deal wise. >> it might break up and so therefore after 3%. >> did anyone know nelson peltz would trade? it was a forward looking price mechanism. >> what do you say? >> pg? i'm in the fade pg camp. i think it is big time valuation. if you look back and see where the stock stopped at, it is the same level as a couple years ago. i would rather sell it here and love to buy it back in the mid to low 80s. >> another group of stocks are

the fang stocks. facebook, amazon, netflix and alphabet. tom, it's always good to see you. great to see you. >> why close to record highs do you say buy fang? >> a little context. last year we told investors you want to buy dang over fang. and the dang -- >> reminds us what that stands for? >> when you get it, you have to go dang! we are staying ten sfoks drag the narcotic most market in 201s to buy in 2016. now we start this year thinkin , fang is going to snap back. if you look at the history -- >> fang is like the new dang. >> right. basically you're saying they will catch up.

>> yes. but we think -- >> dang! >> dang, that's good. >> but i think when we come into this year, because there are some other things, forces that work in market, we think it could be out, up 30%. so we think it is a good opportunity. so why is this a bad they know for the overall market? >> it is a huge part of market cap. >> i'm not sure we think it is bad for the market. what we discussed is that fang should be treated as a separate sector. if you take it out of consume order discretionary, they're having a bad year. >> so netflix and amazon. >> if you take them out, it is consumer discretionary. it is underperforming the market this year. these four stocks account for 20% of the revenue growth. just four names. but a thing i think people don't realize, since election day.

sfoks are wage inflation sensitive have underperformed the market by a thousand had basis points. almost all the value is from capital assets or intellectual property. as a sector on, this is a way to pay wage inflation. >> fang alternatives, stocks that show similar characteristics. can you give us a couple names of those who might be scared of valuation. >> correct. a lot of them already overweight fang. we have nbr, alaska air, t-mobile, these are stocks that have consistent revenue growth. double their peers. >> tom, good to see you. >> great to see you guys. >> whoa! >> dang and fang. fang is the new dang.

>> of course it is. >> and then there is crap. >> that's right. how are we trading these? >> so google is still, in our world, that's the g in fang. we have to clarify. >> alphabet. >> that's insight right there. >> listen, it's friday. a long week. >> let him finish. stop. >> after google reported we said it should trade to 810. it traded at 810 and change. close enough for government work. now some 30 higher. i think google out of all these names makes a new high. >> a couple things tom said are very interesting. tx mobile is a fang stock. has this company remade itself into this vertical integration? they're going to be growing. it gives it a netflix kind of a

multiple. if it does, it is very interesting. the other thing is these were names going up when the market was buying growth. this is a market buying value all year. it has been buying value for nine months. i think he said that. it is not a very good, it is not necessarily the greatest back drop. of all the names, google stands so far ahead of the class because of the value aegs. probably low 20s growth. >> coming up, president trump visiting the boeing factory in charleston, south carolina on. as a number of defense stocks are trading near all time highs. plus the biggest names in retail are getting set to report next week and one is trading at all time highs. and are you worried about the record highs? ♪ we're drowning in information. where, in all of this, is the stuff that matters?

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there you go. >> what? >> risky business. >> you know, all chicagoans know it is risky business. let me tell but president trump visiting the boeing plant here in north charleston today. when he was here he had a chance to tour the plant. he saw the new dream liner. the largest dream liner yet. what stands out however is the fact this relationship between president and boeing far different than it was in late december and early january when he was tweeting about potentially canceling orders. here's what he had to say today about what we hear him talk about all the time. creating more jobs in the u.s. >> we're here today to celebrate american engineering and american manufacturing. we're also here today to celebrate jobs. jobs.

this plane, as you know, was built right here in the great state of south carolina. our goal as a nation must be to rely los imports and more on products had made here in the usa. >> there wasn't a whole lot of new information or news that came out from the president's speech here today at boeing. he did not reference the export/import as many expected him to talk about. he did, however, hint at the possibility of an f-18th order coming boeing. he referred to it as a big order. it was more of a tease than anything else of i heard you talking about, do you want boeing or lockheed martin? if you are a boeing shareholder, you are loving life. you are at an all time high. >> he was really touting the fact planes are made here in the usa. but a lot of these plane parts come from overseas. wing times, south korea, for the

dream liner. cargo action doors from sweden. center fuselages come from italy. a border adjustment tax could really drive up the cost which donald trump is actively trying to drive down. >> it is boeing looks at this and says the potential too. those parts that are imported. and we've been at plants in japan where they build wings for the dream liner. when you wave those taxes that would be on imported parts versus the export been fits from the overall price as well as the fact the most valuable parts of the planes. the engines and the avionics, largely coming from the united states. that's why boeing says, you know what? we have he the idea of the global mfer but we would rather have the export/import tax being considered as the largest exporter in the united states, they would benefit.

>> thanks. put those shades back on. phil lebow in south carolina. we should say that trump said at the end of the visit, he said god bless boeing. had had both hitting all time highs. lockheed martin within striking distance of their record highs. i know you love the defense sector. >> it is we've all talked about these stocks for a long time. lockheed is within $3 of its all time high. all the ground that it lost about the talk of the f-leave the. it is basically recovered. instead of talking about these stocks, you mentioned avionics and fuselage. look at collins within a whisper of its all teem high. if you're looking for one that is not often discussed. >> i think your the point is incredibly important about the

taxes. when they build a part in japan or they build a part in some other part of the world. part of deal with boeing is, and i've deetoured the factry. it is base odds them being able to manufacture certain components in their geographic location so they can have jobs and their families survive. so it is a very important thing. it would whack them twice. the orders would slow down and the taxes would get hit. i don't think it will happen. i'm not overly concerned long term but i think boeing is a name that's a cash flow story. switching gears. a report of a merger proposal. it currently owns 83% of sprenlt but is reportedly willing to surrender control of the company in order to secure a stake in t-mobile. they talked about a possible deal earlier this week. >> nobody is talking to anybody.

sprint needs to do something and they all bring our name up. we can do something or we can grow and come back every year. >> as the mobile wars heat up and it is a price war to the box. >> i think first of all, i think t-mobile is winning at least a competitive war where they can stay independent. i don't know that they have to merge. the interesting thing is that the sprint owned by soft bank. clearlily it is a favorite son these days. we saw that with the two gentlemen hugging at the trump tower. i think it will be seen as positive and i think the door is open. >> i don't think 37 to do a content deal. i think john leger has been a disruptor. i think even though they've had an astronomic rise to this opponent in time. i think there's a little more left in the tank.

we don't know how it will shake out. if you've held these from the start, no one is going to shame you. >> would you buy that jacket he had on? >> no. on he can do magenta. >> oh. the stock. i thought you said the jacket. t-mobile. listen. steve has been right in terms of its more gas in the tank. i have to tell you. 26, 27 times forward earnings. the home is he doesn't overplay the great hand he's been dealt. still ahead, retail under pressure as the idea of a border tax looms. you're watching "fast money." in the meantime, here's what else is coming up. >> be afraid. be very afraid. >>s about because the vix is doing something down right

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all nba fans have this weekend circled on their calendars. especially guy. wait a minute. where is guy? wait a minute. i think i see him at madison square garden. >> hey. it's guy. i'm here courtside at madison square garden. we're going to talk to nick great allen houston about what's going on with the knicks. what's a day like in your life? >> my job is to see how players develop and whether we've been with them, with us seven years, two years, just with us. how can we push the button so they can get better? >> how has the nba changed from then to now? >> the world is not just physical. it is digital. you're connected sow so many people. and trying not to allow those people to have a voice in the way you perceive the world is difficult. >> what advice would you give

1997 allan houston? >> just keep really great people around you. people who are not afraid to tell you, to hold you accountable. especially in the financial world. you have to have a plan. when you're playing, and you're young. you're not really thinking as far ahead. you have to plan ahead and stick to that plan and be disciplined enough and realize that it will take a while for maybe that plan to be realized. thanks for your time. >> hurry up, guy! we're coming back from break. come on. >> whoa! >> that was a quick run back. >> ten blocks there. >> that's a like for me. >> i think msg is a sum of the parts story. i think it is a company that i believe the sports franl chchis

hitting a peak. >> honestly, not that you carry. you didn't know whoal an houston was 30 seconds ago. by the way, where do you go college? >> tennessee. >> thank you. bang. and i would buy msg by the way. >> let's stay on the court here. we're going to get some all-star stock picks with the all-star game in new orleans. >> let's go right here. nike. stay in the air game. as far as i'm concerned, they proved in their last numbers. the athleisure. direct to consumer. they own it. boeing. i'm not saying he is going straight up. he will continue to work. they have a 7.5%. this is a story i would stick with and i think the cash flow is conservative. >> mondsanto. mon.

>> watching the all-star game this weekend? >> sure. >> who do you like? >> the east. >> do you know had a i like? sales force.com. the stocks sold off when they talked about buying twitter. horse hockey. >> that does it for us. option action starts right after this break. ♪

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another busy week at the markets. here's what's coming up. >> nick? we'll do you one better. we'll show you how to protect your portfolio for just a couple of bucks. plus -- >> you can hear the sounds of nature. it is a lot like nature. and tesla nearing all time highs. but there's something in the charts that suggests the run might be done. we'll explain. >> and --