tv Fast Money CNBC February 22, 2017 5:00pm-6:01pm EST
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if they're ever using wi-fi, we're in new york city so there's lots of free wi-fi. you can subscribe or the to have a vpn service. >> all a pain in the butt. if anyone can simplify it, it's you. we're glad you're here. best luck with the new book. author of the new book, the art of invisibility. "fast money" begins right now. >> live from the nasdaq market site overlooking new york's times square. tonight, check out shares of tesla. jumping after hours. there they go about 3%. conference calls underway. we'll bring you the latest headlines. we're going to tell you how to cash in.
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and later, pete is pushing the buy button on one stock that's up 20%. he said it is just a start. he will give us the name and explain why. first, we start with the amazing run in tech. the s&p sector locking in its 15th straight. it is up 5% over that period of time. a whopping 217 billion in market cap. the big winner, apple, alphabet, cisco, $16 billion and facebook not too shabby either. can this run continue? what names should you consider adding to your portfolio? or has it come too fast? >> good to have you on board. thanks for coming in. >> the month of february. >> it is hard for me. >> they can talk about some of the names they've been talking about and write about for a long
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time. there are three names that come to mind. you a with big valuations. look at the move in red hat since they gave lousy guidance. it has come roaring back. now it's up making the all time high. another name, for years. every time they report the stock sells off on valuation. too expensive too, expensive. sales force.com. big valuation. you know what? except for the foray into twitter, that has been on it as well. so all three move higher. >> well, the ones that i like, my biggest position is google. it has been for quite some time. you had a great opportunity to buy it. it was thrown out with everything. i guess it was left behind in the trump rally. i still like google here. i think it is good to own here. the valuation is not expensive
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for the, for the search business which is phenomenal. and then you have the rest of the moon shots which i think there are some really good ones. also, okay google competing with alexa now. the valuation is not so spegsive. we haven't seen any kind of financial engineering at all which every company could have. and then facebook breaking out a new high. that's interesting to me. that's my second biggest position. google, i would be even a buyer here. >> pete? >> it is about value and growth. everybody says i'm a value guy. i'm a growth guy. why not be both? i've been talking about this for a really long time. i think tech still gives you both. when you look at facebook, you look at apple, cisco, intel. look at that list of names. jump over to the chips, specifically those going into apple products team of a look at many of them.
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oftentimes they have incredible yields. you look at the cash, the fundamentals, the buybacks, they're holder friendly and all of that combines to why wouldn't you hold on to those? i sold cisco calls today. stock burst up. got through 34. we thought would it break out. it did break out. i took those out. i still like that name. >> and i hear you. except the reasons you wouldn't jump in there, the xlk. it tracks all these things. we haven't been this overbought since 2010. >> when you say wouldn't jump in, what do you mean? >> i don't think -- obvious what i mean. you don't need to buy these stocks. and we're all talking about valuation. valuation can be whatever you want it to be. apple's valuation, i would make an argument. i'm not raining down on apple but after being up year over year, it is a stock that's not growing. you can't say spapple is growin.
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>> somebody said overbought. >> exhale now. >> a long smile. >> that doesn't niecely mean over. >> why are they overbought? i know, why is apple overbought? >> again, you can argue whatever you want and it indicates momentum and things overbought. >> the amount of time that parts of the market have traded, it has gotten to the point of saying maybe the market itself is overbought. you see a number of new stocks hitting all time highs and it raises some questions. >> the question is, is it a trade or do you want to be in the name? so "fast money." okay. a trade. if you want to be in the name, you like what's happening torsion try to get out. it is a little overbought and
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then find the right time to get back in. that seems very, very hard. to get that right twice. out and in. >> so going back to that conversation, where is overbought? and i'm just pointing it out. things are ridiculously frothy. if i look at it over 21 years, it is up 21%. that's not too crazy. >> i don't agree the frothy comment. >> okay. when i look at the huge volumes that i see coming through options world. oh, february has been a pretty strong month. by 28, i look at intel, microsoft, apple, i go through the long list. i don't see overbought. i see companies the people are reacting to very positive earnings that have come across. >> i see people who could be chasing the market. you can't say people don't feel a lot of anxiety. big cap tech is the one place
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you can put capacity to work. they are big market cap stocks and they are defensive. cisco, microsoft, intel for sure, apple. these are not crazy. google is the one most defensible. my point is if markets are running and people feel like they haven't been in the game, big cap tech is the clear place they can go. >> let's settle the debate once and for wall the charts. our next guest is the tech rally that has room to run. let's find out what he's looking at. >> hey, todd. >> how are you? >> do i agree the assessment. stocks above the 50-day moving average are solid. it is essentially two days of trading activity. we're in a nice trend activity. most of them remain above the two-month average. the one thing i would question you about. it is starting to drop off a little bit. we would like to see more breadth. two stocks i like, apple.
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first thing i start out with, we like to draw railroad tracks. if i do my best little parallel line here, you're going to see we have room to move up to test the upper end. i'll do a little wave. basically trends play out in three stages. number one, accumulation. number two, widespread participation. number three is distribution. though we're going parabolic, we should run into resistance just south of 170. so there's room to go and not too much more. microsoft. same thing. a nice push up here. set back in two. looks like the moves are coming up. we might have consolidation. by the time we hit the upper end, it could be around $75. at that point we have to look for resistance to come in. >> what do you make of this? on the stocks, the very stocks that you mentioned. >> i still look at these names.
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what we were waiting for was earnings. we wanted confirmation. we've gotten confirmation and some growth. depending on what you're focused on, if you're focusing on the right thing which i think they are, where are the growth areas within these companies? they're finding them. i have one later on that i'll give you. it will be somewhere in that world. >> when? >> later in the show? >> i saw that. >> you look at the xlk. it looks very frothy and i'll use it again. apple is 13% of that etf. if you look it a, it is up 48% from june. if you think about how they totally flip-flopped. people were not into apple until suddenly they fell behind on the iphone 7 refresh. to say they have a lot of growth left in it at this level is a little bit scary. what you want to do is relative value. and shorting the xlk against the
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names that you like, it makes sense to me. especially when a couple of the heavyweights have moved so much. >> so tim is right. it is definitely extended. but tim will submit that if the market just goes sideways for a period of time, they self-correct. >> right. so you can have it that is very high. all of a sudden, high is no longer nearly as high. number one. number two, a about 4:30 no, more down graded nvidia getting into intel. i'm not denying that it is reasonable here. but if nvidia gets -- >> sorry to interrupt you. they take their price target from 190. they say we believe consensus, and the potential negative impact. the story was gaming five years ago. now it is these self-driving cars. if they get autonomous right, this stock doubles.
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>> what did you buy today? u.s. steel gave back its gains. i think letter x gets it done. if you're looking for opportunities with apple. here are levels we last saw a few years ago. but karen raises the point, when do you get back in? >> i don't know. if you've enjoyed this run from 93 to 135 or so, these were levels that the stocks stalled out about a year and a half ago. there's nothing wrong. even pete would agree, if you're in that mode, there is nothing wrong it. . >> or you can take another play from pete's play book and sell some outside calls. that way you can continue to right for a little while. have a little protection. >> what did you buy today? >> i didn't buy anything today. what i've been buying most
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recently s&p. i want to stay long but i am nervous that this administration will have trouble getting these very significant and very soon to be announced, very big issues resolved. >> big cap tech in the other parts of the world. samsung is, is. global markets are outperforming. if you want to run the things below all time highs, look outside the country. >> i talked about cisco. last week i was actually still adding to apple and i can tell you this. what was really interesting was nike. it has been bouncing very nicely. >> i jump in the there. >> coming up, check out shares of tesla. we'll hear from elon musk on what drove the quarter. plus, it is no surprise the u.s. stock market is on fire. wait until you hear what some of the other markets around the world are doing.
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we have those details coming up. and media buzz. it has citigroup trying to play match maker. here's been a breac. we need your password so we can lock down the system. my password? yes, sir, we need your password. the password that i use? yes, sir, your password. there's been another breach! sir! right. okay. i-h-a... ...t-e-m-y-j-o-b-1. ihatemyjob1? wanna get away? now you can with southwest fares as low as 59 dollars one-way. yes to low fares with nothing to hide. that's transfarency. sfx: clap, clap, ding with e*trade you see things your way. you have access to the right information at the right moment. and when you filter out the noise, it's easy to turn your vision into action. it's your trade. e*trade.
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we have an earnings alert on jack in the box. >> hey, scott. a burger join probably better known for its tacos. it was mixed quarter to end last year. solid results at jack in the box but being weighed down by disappointments from the mexican unit. the chairman and ceo calling for an abrupt downturn for both his brands. blaming delayed tax returns as well as record flooding in california. the stock is still up 46% over the past 12 months because comparatively, jack in the box is still doing better than others in the so-called restaurant recession where cheap grocery pricing is really keeping those eaters away. they beat the average in sandwich sales in the quarter. after all, they do sell 554 million tacos a year. more than a thousand a minute. and they just introduced a new
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triple bacon butter jack this month emphasizing that it is all real bacon butter. back to you. >> all right. thank you. >> tim? guy? pete? >> the recently owned jack in the box is because qdoba has been unbelievable. the comps this time were not disappointing. you want to blame on it weather in california, maybe. i'll give it a mulligan. let's give them a mulligan. the problem is valuation is very expensive. you're in no man's land here. i would think you have an opportunity to guy stock at $91, you do it. >> you got totally sucked in. >> i don't even mean you. i just mean if you look at what came out. what 7 a company that's very
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inconsistent. it went up to 112. pack to 94 which is where it was before the last round of earnings. >> the qdoba part is the story. it makes you wonder if there is any weakness here. is that playing anything like we've had before? how about chipotle? are they finally getting something? something? which they had lost and have not shown any recovery. >> you think it is a zero sum game? >> i think there is some involved in that. >> you think there are fewer tacos in general. >> i just think -- >> are you tacoed out? >> i can get as many tacos as i can handle. let's keep moving. there's a lot to do on the show. >> all right. thank you. >> live tv. we try on silence our phones. i don't know. >> you never know who is calling
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me. >> maybe. >> carls jr. >> you never know. >> from one jack to another, dual ceo jack dorisy. shares more than 5% on earnings after the bell today, the mobile payment company. his other company twitter is down more than 12%. is jack better off jumping ship on twitter and going full speed ahead with square? how many times have we asked this question? >> a lot. things seem to be working on a lot of fronts. that's really good. i think he has more skin in the game in terms of investment in twitter. i don't think he is about money. i find it interesting that the board of both companies allows this situation where the ceo is only there part time. i mean, it seems untenable to me when one isn't killing it.
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>> and the 30% revenue growth at square, at twitter that would not be great news. the company at first they thought it was only a hardware company. it is only a small business and a box company. yeah. i think mr. dorsey seems to be executing very well at square. and twitter, look. his issues are not its relevancy and the amount of time and engagement they're spending on twitter. i bet it's never been more. >> you have a short interest approaching 40%. people betting against it for at least the last year unsuccessfully. i think this quarter suggests that it has more room on the jp side. i think despite the move higher, it can go higher. >> i think twitter is only a buy through options and only a buy if you think that somebody is taking them out. they can't monetize. until they figure it out which they have not. and they're struggling.
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>> i don't think they will. i think somebody else who could buy them out could figure out a way. it is a monetizable business. >> i don't think they can do it themselves. >> we keep bouncing down and the stock keeps holding the 15, 16 level. >> i would rather not tone stock itself. square is a different story. here they are, they had to partnership. and they put up the same numbers. >> check out shares of tesla. they are moving ahead. we'll bring you the latest headlines. you're watching "fast money." in the meantime, here's what else is coming up on "fast." >> that's how investors feel about the rally. but there are other markets
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doing even better and we'll tell you how to cash in. plus, pete is bringing the heat. serving up the stock that's up 20% and he says it could go even higher. say carl, we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $6.95 per trade? uhhh- and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $6.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab. 90% of the world's largest supercomputers run on intel? that means you can take a universe of data - in your case literally - and turn it into medical discoveries, diagnostic breakthroughs... ...proof that black holes collapse into one singularity. i don't know what that is. but yes. innovation runs on supercomputers... ...and supercomputers run on intel.
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and later, pete nagerrian with a tech stock. he'll give you the name and tell why he is so bullish. first with the markets, the s&p now up more than 5% year to date. that might sound impressive but believe it or not, u.s. markets are actually laggards compared to the rest of the world. >> that's a bold statement. >> yes. if you talk about the overall markets, another day, another record high for the markets overall. we hit it again for the dow. we focus on our own markets. we're not the only ones with our impressive runs. let's take a trip around the globe. we'll start with our neighbors to the north. kaenl's index had a record high yesterday. it is up 24% over the last 12 months which is slightly better than the s&p 500 that same time. we'll stick to the americas.
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up a staggering 58% in the last 12 months. way outpacing our markets. similar story with argentina. a record yesterday. gained 59% over the last 12 months as well. we fly across the atlantic. it gets us to germany, domestic europe where the bench mark, it rose to the highest in nearly two years. better than the s&p. and our global sampling caps off with russia. it is to a near record high set back in february 6. there's not a lot the doubt the u.s. markets have been a preferred place for a lot of scenarios. is the u.s. just playing catch up and if so, how long can that run? bullish run last around the globes? >> good question. >> trading the globe man? >> the rest of the world is playing catch-up. if you look at the activity
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around the world. germany reported 69-month highs. even japan. you look at valuations. japan is probably the most attractive. well discount. also, eps momentum and emerging markets. the currencies have already had their fiscal adjustment. e.m. about four standard deviation. south cheap to its long term means. eps growth is finally starting to happen. >> what about rates? the fed making a move that could impact emerging markets? >> it is fair except a lot of it has come with the dollar strengthening and it is back in because you're getting synchronized global growth.
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i think they've missed that. and bras sill a prime example of that. >> do you want to hedge the currency? >> it is now bucking near 3. near 350. so i think these etfs. it is a dollar investigator investing in local currency. so there are ways. you can short one of the banks or some of the plays in that particular country where you're shorting the currency. i think the currencies are the best part of the trade. and i think there's more to go. >> it certainly doesn't seem, i know you don't think that the u.s. has run out of gas. >> i do not. no. the way i'm trying to play i know what what tim is talking about in terms of the emerging markets. the steel stocks. if i look at the u.s. steels of the world, the rest of these, that's a great proxy for what you're talking about when you talk about the global world in terms of trade. and at least i have the transparency that i like and i'm
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much more comfortable with than if i'm going. >> we've talked about u.s. steel for a while. >> how could you not? >> the added kick. any protectionist rhett pick comes out of this president is a very positive thing for the stock. obviously gave some back today. i think it goes higher. in terms of u.s. markets, we've said it a while. the two things i think you have to watch, as long as the russell is measured. it is now significantly above and the trans ports as measured above 160. the move to the upside is intact. >> what would tell any of you that u.s. markets has gotten too stretched? you don't think it is overbought. i think it has a lot of room to go. >> you said, what would be the sign that it is over? that we're in trouble? >> i think first the sign will be when the fed roo ens the party. the march like may be back on.
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i don't think an aggressive fed, a fed behind the curve, a fed scrambles to have three or four thi likes in 2017. it is a risk. >> maybe what karen said earlier. some of these things that they're betting on take longer than people think. if tax reform doesn't happen until 2018 instead of' 17. infrastructure. the fight over the budget is a little more messy than people expect. >> you have a debt ceiling. what is it? the march 13th, 14th. god only knows what will happen there. >> the worldwide rally has them looking for profits across the pond. mike? >> yes. so we saw really unusual activity. and the etffez, we saw 17 times average daily call volume.
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specifically what traded was 20,000 of the may 30 calls. 1.42 cents. and 60,000 of the august calls. the buyer is expecting higher prices. and the nice thing about this trade, they're eliminating their risk. they might be trying to take advantage of the fact european stocks, and this represents the 50 blue chip west european countries are trading at a discount to the s&p 500. they're making some bullish bets there. they have been buying these may 34 calls over the last few weeks. >> for more options action, check it out. still ahead, tesla shares are higher. it has been a hot stock essential the election. the stock is still up more than 2% as we speak. we'll see if he has anything to say about president trump. plus, pete is getting ready to bring the heat. >> look at him.
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welcome back. the parent company of victoria's secret getting crushed after hours. down 13%. let's find out why. >> it is not all satin and lace for earnings. l brands already pre announcing earlier this month telling us it is restructuring going to weigh on its earnings and sales. victoria's secret now streamlining. getting rid of shoes, swim wear and apparel. now victoria's secret says it will be separated into lingerie pink and victoria secret beauty. and that's why the company is going for a much lower sales performance this month. they say february sales will be in the mid to high teens. they dropped only in the single mid digits. this is much worse than expected.
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you can see they've been discounting heavily. back to you. >> thanks so much. >> who wants l brands? >> i'll take it. i'm sure you would rather. the numbers only, this is very problematic. on the surface, it doesn't look like a crazy stock. this is a company in flux. and a great management team. they'll get it together. those are really bad. and i wouldn't jump in right away. >> this gives us an opportunity to do those, scott. >> may the footage. roll the tape. come on. >> no? >> there it is. >> gratuitous victoria's secret footage. just let it go. >> it would be nice if they would move the green sign. >> what different than any other
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night? >> we're going on switch gears now. >> please. >> time for the fast pitch. we have one of our traders pitch a to know they think is worth a buy. when they're done the traders here on the desk will vote. what are you pitching? >> i'm going to throw it right ought now. sales force.com. we all know the valuation is high. valuation is high on amazon, high on a lot of stocks. here's one i like so much about sales forceful great management team. mark benioff is as good as it gets. doing a great job. both former oracle guys. they have bone track for nothing but growth. and now their growth is targeting $10 billion. eventually toward that $20 billion number in a couple years stoffel growth strategy has been phenomenal. here's where it all counts. the acquisitions.
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they've done an incredible job with acquisitions. last year, ten of them. and already are starting to work for they will. when you look at it, 7 of the 10 acquisitions they made were in the ai space. they have one other in the commerce space. that's the one they paid $2.5 billion. it is putting theming to the next level. so i think when you put all of that together and consistency of upside call buying recently in this stock. i think this stock is heading back toward $95 a share and eventually toward $100 a share. i think they're working in the right treks. valuation will scare a lot of people. i think the growth is the thing to focus on. >> in material of acquisition strategy, are they a target in it is a big tect price. >> i don't think there's any reason why they couldn't be a target for somebody but that
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would be a big one to swallow right now. they've been rumored they would maybe buy twitter. they were going to try to do something. i think benoff doesn't want an acquisition of them. >> who has another question? >> are not you concerned about this company maintaining productivity as it tries to grow sales force and keep margins where they are while they're doing all these things? at some point they're getting too big for their own britches. >> and i think that's why the combination and the management is so important. and i think that acquisition of grabbing that as the coo not too many years ago. that oracle back ground. they've got it figured out. i think that adds to it as well. >> all right. let's vote. are you buying or selling the pitch? >> you're looking at me. i put big valuation. horse hockey.
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horse hockey means so what? so what? to karen's point, we looked at a camera and said you should by sales force.com. that's when it had a valuation of about $28 billion or so. that horse has left the barn. i'll say this. but for the potential foray into twitter, this stock has done everything right. management has done everything right. yes, valuation is rich but they are the premier cloud play. the answer is i'm buying what pete is selling. >> i have to say it was a very long winded response. they're probably the leader of the pack. >> all right, you know. i love pete. and i home he makes money. my dna does not allow me to own a stock at that valuation. i can't do it. too rich for me. i hope he makes it. tesla shares are soaring in the
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built for business. . welcome back to "fast money." we have an earnings alert on tesla with that conference call underway. phil lebow joins with us the very latest. >> early on in this conference call about the aggressive pace at which tesla expects to ramp up production of the model three. the company expected to begin initial production in the middle of july, or the middle of this year around july. and then mass volume production in september and hit a rate of about 5,000 model threes per week by the end of the fourth quarter. then in 2018, by the end of 2018, to hit production at some point of 10,000 model three vehicles per week. you do the math.
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10,000 model threes. you're looking at 520,000 model threes for production in 2018. remember the guidance is to have production of at least a half million. a fair number of questions for the analysts saying is this a schedule that can be met? or is it too aggressive? it is partial guidance. partial because of what they're going to the production schedule in adapting the free month factory. expecting to deliver between 47,000 and 50,000 vehicles in the first half of this year. as i mentioned, beginning in the middle of the year. by the end of the year, production, mass volume production, at least 5,000 per week. at the beginning of the call, the first question was, perhaps in anticipation that the trump administration may someday say, look, we believe in a space x
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mission to mars. and with space x occupying more of his time, less of his time would be spent with tesla. >> i expect to be with tesla forever unless somebody kicks me out. that remains my intention. >> he says he manls to stay there for the foreseeable future. >> jason wheeler is leading the company to pursue an interest in the public sector. the previous cso before jason wheeler is returning to tesla. >> he had decided to leave tesla
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in april, next month. pursue public policy, [ inaudible ] work for the company for more than seven years before. >> the tesla conference call has been going on about 15 minutes. we'll hop back on to it. a number of questions regarding the aggressive pace of ramping up production for the model three over the next year and a half. elon musk saying it will all come together. including they plan to announce for a third and a fourth giga factory possibly this year. >> you make a big feel about this cfo switch. it is the former and first cfo of the company coming back. >> i don't. in fact because if you listened to jason wheeler, he said i have a chance to pursue a passion that i've wanted to pursue.
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not that i want to leave tesla. i don't get sense. we'll make some calls on this but i don't think it is a case of one cfo running into trouble with elon or saying i'm not crazy about this coil. i think this is more somebody wanting to pursue a career ambition. >> thank you so much. good thing is we have somebody cued up ready to go right now. let's get reaction. we're joined by luke vent you are's managing partner, gene munster. do you want to react first about the cfo sxleefg the company's first cfo coming back? how important that is to the overall story? >> it really is. i think it is great that the old cfo is coming back and they'll have some continuity there. in this case, it is something very understandable. >> where are you on the stock? what's your price target? what do you make of the earnings? >> we have stories that we like.
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we're now in private equity in a market observer. we think this story will continue to move higher. there are three key takeaways. intermediate and long material. all were positive on this quarter. the 65% that compares to 24% in the just reported quarter. 2018, if do you the math, it suggests 8% upside to that 500,000 number that they talked about. so that's long term. elon musk says he thinks the factory will be more important than the car. they'll tim on automate with robotics and artificial intelligence. that will be difficult for traditional auto to retool to compete in this new paradigm.
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>> they could be all kinds of risks. is there some inconsistency? i've been bearish on the story because i think people are assuming blue skies on. a dcf, you can be as blue as you want. >> you can. and one of the reason we're optimistic about, the end market. that electric vehicles, autonomous vehicles are going to change cars. year talking about 80,000 a year. you can make the numbers for a dcf be as optimistic as you want. what underlines it is a belief that we'll have a seed change in how people move. >> gene, appreciate it. gene munster. let's trade it now. >> it is epic.
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you can wait for that and hope to buy it back cheaper or you stay long on the name. although it was subtle, the change from tesla motors to tesla inc. is a big deal. they're not just a car company. >> i understand the arguments but it is apples and oranges. they're going to do a secondary. it will drop for a moment and pull right back up again and catch up. it's amazing that the long term holders of this company do not sell. >> is that a reason to own the stock? we're wondering how it is death defying holding these levels. >> it is not a car company. >> it will be a car company. >> 76,000 in 2016 and we're already calling for model three
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to be 20,000 in 2017. i don't think so. and they're not making any of the deliveries. you'd better call it robotics and ai. this is problem. we make up a new story, or a new concept for it every single day. by the way, the reason that the stock interesting last $20 on this stock. the last 40 on the stock is related to trump. it is as steadfast as they have been as well. >> we touched on this. i agree with the way people move will change. we talked about it. you're not paying anything remotely -- obviously it is different. it doesn't have the tesla cars. they keep saying they're not a car company. you have a valuation that is vastly different. >> coming up next -- one of the hottest stocks in the past year
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welcome back. i want to give you a quick programming note and an important one. u.s. secretary treasury steve mnuchinin will be on squawk box tomorrow morning. 7:00 a.m. eastern time. potentially the market is moving whenever you speak to the sitting treasury of the united states. >> and a guy who understands the audience he is speaking. to i think we'll get some very good insight at a time when people are trying to understand what's truly happening. >> when the tax plan is coming and some of the things investors have been banking on. maybe we get an update. >> maybe we can hear him talk about dodd frank. that would be good for banks. we'll see. >> i'm going to final trade. a huge upgrade across the board. amat. >> pete was out. >> all right. well, l brands.
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i know you want to help in there and then damsel in distress but just hold off. >> global stocks emerging. >> nvidia. hard to say, easy to buy. >> that does it for us. my mission is simple -- to make you money. i'm here to level the playing field for all investors. there's always a bull marketsome, where and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. my job is not just to entertain but to educate and teach. so call me or tweet me. we keep hearing how darned expensive the stock market is, that it's way out of whack with historic valuations, that it's
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