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tv   Fast Money  CNBC  March 15, 2017 5:00pm-6:01pm EDT

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can be done. >> congressman tom garrett whose high school included some of my biggest arch nemesis in sports. thank you for being here. >> a lot hangs on whether this passes. we'll address that tomorrow. "closing bell" is over. "fast money" begins now. the simple message is the economy is doing well. >> the markets ate up that simple message. for the third time in a decade, every rallied. gold soared. and even oil was higher. so if yellen is correct and everything is awesome, what do you buy? >> stay with it. we said it for a while. the vix continues to trade lower. the people have said, why bother with it's insure. they are all saying it correctly, people are foregoing that. but i think everything is intact. the banks didn't trade well today and i think that's a one
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day thing. i think health care works here. i think the steel stocks work. the infrastructure plays. although banks were down today, i think it will be a one day phenomen phenomenon. you a those things, oil, emerging markets, trans ports, credit. we talked about high yield. all of these things, which over the last three days have put in a bounce at least a very, very important support level. now these are trades that continue. em is at 18-month highs. people thought wasn't going to get through post election. >> was today's sessions a turning point? >> people believe there is some synchronized global growth. in the case of emerging markets, a softer fed will always work and i think in terms of credit, a softer fed will work with
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growth. >> so i was a little surprised by how strong the market's reaction was. it was so forecasted precisely. the smartest thing i heard about why that's so was from pete in the green room. people like affirmation. >> yes, you like me. >> they were doing his hair. and he had time chat and that's what we were talking about. earlier today, tilly and i spent some time talking about emerging mashts. when the u.s. has been the place to be but maybe i need more exposure in the emerging mashts and we talked about different areas. it did nothing. nothing in the u.s. >> what did you make of today's action? >> i continue to like everything before today. >> so everything is awesome. >> yep. i believe that. look at the technology stocks.
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look at what we'll talk about later on, oracle. look what's going on in the chip space, the cloud space. anything related to apple continues to trade extremely well. i agree with guy. i look at the financials. it is pausing. i caught you guys last night. talking about he thinks it will dip down. completely disagree. i think it is consolidating. >> jeffrey -- >> i like that. you have a rate like cycle. we're getting to where the fed is working in favor of the banks and part of what works for the banks is that they're lending. they have deregulation. >> i agree with that. and back to health care real quick. the ibb which we've talked about for a couple months, a big day today. up 5%. if you just look at it, it appears that's breaking to the
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upside. if the broader market tape can tread water here. >> up five. >> no, no. >> i apologize. i meant $5. with that said, if the broader market continues to tread water, i think the ibb has another 25. >> can stocks and bonds continue to rally at this point? are we going to see the bond trade continue? especially, we were talking about positioning yesterday. it is so strong. short bonds at this point. can we keep going? >> i would think there comes a point where we won't be able to. what is that in terms of the bond? 3? 3 1/2? i look at the financials. i've primarily been focused on the equity market. i thought it was interesting how they traded. this stands out to me. the fact that it doesn't necessarily mean they need the fed to improve. that will be a tail wind sooner or later. right now they're standing on
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their own. >> i think the economy is improving ask i think there's inflation. it will say bonds can't continue to rally. >> if they rally toward three, does that kill the rally? >> not if the economy is moving. i think it doesn't. i think the yield curve will steepen. it will flatten but that i think will reverse. >> this is problem. people are very concerned the fed will be behind the curve. they'll come in here and stamp it out. they're going to come in too late too hard. if you look at the yield curve, it has been flattening for almost three months. i think bonds can rally for a bit. even retail sales numbers are okay. january revised up. the home builder confidence numbers were very important this morning and cpi is right where the fed said it needs to be. so they're kind of laying back
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from that. >> so we started off the show where serving awesome. everything rallied today. those asset classes, which can you still buy? >> well, i do still believe in the steel names we've talked about for quite some time. i think health care is being left aside. the valuations make a lot of sense and to me, biotech is breaking to the up side. >> i like banks still. it could be just one day. and i like tech. >> totally agree. financials, technology. i would go into the home space, lowe's, home depot. lowe's has been on fire and it never gets talked about. selling home depot and the rest of the guys in the back ground. looking where lows was a can you please weeks ago. trading at 76. now it is at $83 a share.
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>> these are at three, four year ranges. mexico is starting to make a move. it is all currency based. look what the dollar did. it broke through 50 and 100 today. >> he was talking about all the different, europe, everything. he covered the growth. india was what he was pounding the table about. >> speaking of gun lock, here's what jeffrey gun lock said. >> as the fed decision looms, what's going on, it is rallying. it is below 260. it popped up on a close that the didn't cause a water fall effect some people said it would. in fact we're below 260. and i think the bond market is set up for a rally. coming up in the weeks ahead. >> he was right. will those gains continual?
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especially for the length that he said, a week or so. $3.9 trillion in assets of the vanguard global income. what do you adistribute you to rally that we saw in bonds today to? >> i think a big part of it was the dovishness the fed interpreted. we got to 25 basis points but there was some dovish language in materials of symmetrical inflation target and you know, being able to see sustained rise to 2% inflation. >> so that overrode that the fed said two more rate likes which is exactly what the markets wanted? >> i think they did a really good job setting the market up for this fed rate like. i think in materials of market expectations, we saw the market thinking about a 30% chance or so of a rate like. they got it to over 90% in the
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course of a week and a half from constant and continual communication with one message. so the market was set up for this and they got what they sfrektd a rate like standpoint. >> how do you factor in the extreme positioning that we've been seeing in the bond market, short bonds and particular reply short five year, according to the most recent data? >> it is one of those situations where the market has been expecting rates to rise. we've seen in at least the ten year part of the curve, cynic the election of 220 to 260. and we haven't seen a meaningful breakout to either side. until we see he stronger economic data or stronger inflation data or some kind of real impetus or push to see continued growth from the economy, or a quick pick-up in terms of what's napping washington, d.c. from a fiscal standpoint, i think we'll be stuck in this range for some
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time. >> you talked about how quickly it was for a rate like earlier this year and then yesterday. when they come out for a plan for what they're doing the rest of the year, how much does that give you guidance since we know that can change so quickly? >> i think it gives the market a lot of guidance from the standpoint, when you see continual communication with the same message, i think the market can rally around that quickly and adjust accordingly. i think where the market gets snuck volatility picks up, you see conflicting messages coming from the fed. and that hasn't been the case tow last few weeks. >> how about credit? you've seen credit was the most concerned going into this meeting and it seems lying it gained the most. >> again, credit has been in basically a really perfect spot. you have economic groet that's been solid. you have a fed measured in their approach. the thing we would say about
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dread, i think there's a point where you look at valuations. they're at a point where they're somewhere toward the richer side when it comes the historic levels when it cops tol credit. when we think about our active portfolios, we're looking at credit as a place where we won't be deploying a tremendous amount of risk. we're cutting ban. we do acknowledge in an environment that's growing steadily, we don't want to be over exposed to that sector of the market. so when it comes to the yields and fixed income. here's the ultimate would you rather. stocks or bonds. you first. >> today is the 15th. one month out, the bond market will continue the next few days but a month from here, stocks
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before bonds. >> definitely stocks. bond yields may not break 260 but they're not going to 230. >> i feel like, if we get any, if we can get through this health care, that's a big, big hurdle. then turn attention to tech. >> greg talks about bonds a lot, obviously, being who he is. i think it is stuck in a range. i would much rather be in stocks. >> much rather. i think bonds could go back to 230. looking to the fed. june may have been taken out of picture for now bust it is just about some stronger data. suddenly we could see more emphasis on higher rates but i think in the short run, the next two months. >> we're a month away from earnings season.
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>> coming up, president trump in michigan talking to the bigge g automakers. plus, there is something happening in the market could mean a 2,000 point drop for the dow is in the cards. we'll tell you what it is and how to protect your portfolio. and with stocks at record highs, what can you buy? tom lee has a couple of ideas. finally. hey ron! they're finally taking down that schwab billboard. oh, not so fast, carl. ♪ oh no. schwab, again? index investing for that low? that's three times less than fidelity... ...and four times less than vanguard. what's next, no minimums? ...no minimums. schwab has lowered the cost of investing again. introducing the lowest cost index funds in the industry with no minimums. i bet they're calling about the schwab news. schwab. a modern approach to wealth management.
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you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business. president trump visiting michigan today and teasing a big announcement next week for the auto industry. let's get to phil. >> reporter: a lot of people are wondering, what is the big news when it cops to the auto industry next week. the news today from president trump is what we've been talking about over the last couple days. it involves this chart right here. the fuel economy standards splivgs to the far right between 2022 and 2025 when the expectation is that the fleet average for every automaker will hit 54.5 miles a gallon. a very ambitious target that was locked if at the end of the
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obama administration. donald trump said huh-uh, let's review it. >> the assault on the american auto industry, believe me, the over. it's over. not going to have it anymore. >> reporter: donald trump said it is time to review the fuel economy standards as scheduled in 2018. let's see if they'll either lower them or lengthen out the type frame so it is not a dramatic increase at the end why. does this matter for certain automakers like fiat chrysler? because they skew heavier than any automaker in terms of trucks, suvs, the vehicles that have lower fuel economy relative to a smaller car or an electric vehicle. here's the ceo sergio marchone talking about the standards set in 2012. >> phenomenally important. we need, all technologies, options need to be put on the
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table including targets, timing, all the stuff needs to be looked at. >> reporter: after that question aid chan i had a chance to askly, are you the big news next week? ahead of the ceo, all of emsaid the same thing. we looked around and said, well, somebody has big news next week but it's not us is what a lot of people were talking about as the president left this plant today. >> all right. i have to ask you about tesla as well. bits 1.8%. finally the long awaited off capital raise is happening? what does it mean for the company and what does it mean, they've made money in the past by selling emissions credits. sort of like bridge the two stories together if you will when it comes to tesla and the elimination possible rollback of the emissions standards. >> reporter: well, the emissions
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standard may change. in terms of the fuel economy. it is unclear to me that that will mean a change in terps of those credits sold by the different automakers. and you particularly see it with certain states like in california. i'm not really sure that this announcement from the trump administration will impact that. the other story though which is the one you started with in terms of the capital raise from tesla, $1.5 billion through a stock offering as well as a convertible note offering, elon musk, by the way, participating in the stock offering. putting up $25 million of his own money. they forecasted this and that's one reason the stock is moving higher. 38 be having a little cushion as they go into the roll of production for the model three later this year. heading into next year. what's interesting is, go back and look at when tesla has done capital raises. those raises generally have been
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followed by investors saying, okay, i'll continue buying tesla. it flies in the face of conventional wisdom. usually when a capital raise is followed by another capital raise, investors say, i'll getting diluted. i don't want this. >> thank you. you've been saying that about the capital rate. >> it is happening. it's out of way. what do you do now? >> you get back in. i think we've been pretty steadfast in terms of how to trade tesla. i think we've done a decent job. it is still lower than it was after reported earnings. so you dnlts really lose out on anything. i think this news sets it up to get through that 280 level that has been so burdensome for quite some time. >> the timing is outstanding. the bond market here, they'll get that done at really attractive prices. hip buying 25 million, i know it is not a lot given his stake
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enormous but it is a nice vote of confidence. >> it is going to go through its cash. cash burn. here we are. here's a cushion. >> i don't know that anyone has ever question that had this is the company that can't to go capital markets and raise money. i think the confidence level by the current investors. ultimately you have to ask yourself. when will they deliver and be cash flow positive? and the delivery schedule is something that gets pushed out. it widens and widens and widens. this is good news for the company but i don't think it changes the risk around financial, regulatory. i think all there. >> you use options when you want to be in a tesla. i'm very comfortable owning gm. i think there's growth for them. all kinds of inmpetus for why i could go even higher. >> could it cost them as much as
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$3,800 vehicle extra in order to comply with this standard. >> back to tesla. that's where you trade the options. you're either trading options, putting call spreads organization put spreads on. he dan about how you define the risk. >> coming up, oracle on the move in the afterhours and just shy of the record high. wee hear from the latest on what drove the quarter later this hour. i'm melissa lee. you're asking "fast money" first in business worldwide. >> had pull bask. it has been 106 days since we've had a 1% dip. so what do you buy at all time highs? tom lee has some answers. plus, guy adami is unstoppable. posting back to back wins in the tournament. but he's about to face his toughest test yet and we'll tell what you that is when "fast
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welcome back. stocks rallying today after the fed raised interest rates for the third time in the last decade. the s&p was up. here's what's coming up in the second half of the show. oracle surging to within dollars of the afterhour session. we'll bring you all the headlines you need to know. plus, our special "fast money" mad know continues with the tale of two health care stocks. united health and valeant.
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one trading at the all time high and one at the all time lows. if we get a correction, it could be uglier than you think. bob has more on this. >> are you ready for a 2,000 point drop in the dow? that's what a normal correction would look like right now. normal corrections look kind of scary when markets are at these kinds of highs. march 1, 21,115. a 10% drop would be a normal correction would be a decline of 2111 points. sounds pretty steep, doesn't it? here's an even bigger drop. how about 3,000 points. over the last three decades, the stock market has declined an average of 14% from the high to the low. that translates to a roughly
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3,000 point decline from the dow's march 1 pop. finally, the bottom of the market. over 300% if reinvested dividends are accounted for. this is power of compounded interest. that's about a 19% annual compounded gain every year for eight years. think about that. it would be up about 20% a year when dividends are included. a remarkable run. finally fun fact. so far in 2017, the first year the dow broke 20,000. the dow has moved more than 100 points in 23% of the trading days. in 1999, almost the same. the year the dow broke 10,000, the dow moved more than 100 points, 35% of the trading days. back to you. >> all right. thank you, bob pisani.
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so why does the correction seemingly never come? "fast money" friend joins us here on the set, tom. some people have been coming on saying they're waiting for a pullback to get in at better levels. >> maybe they're stuck at the border. they're not being let in. >> seriously. had. >> i don't know. it is a little mystifying. i would say, one, we haven't seen one for a long time. credit markets haven't really kept up with equity and commodities have it. so it feels like divergence. we have to ask, why hasn't this happened? i think ultimately maybe the best explanation is, since election day, this notion of pro growth and deregulation are such powerful stimulant that's the equities are really keeping stocks from having a deeper pullback. >> when you're out with your
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industry buddies talking about the lack of movement in the markets, does it come up that perhaps computerized trading and risk parity funds, they've fueled this slow and steady grind higher and this lack of movement in the market? we have low volatility probably sucking people in. and an overpositioning, i don't want to say that. extreme positioning. does that western yconcern you? >>er people are saying it is harder to find bargains. when they think about stock at the stock level, it is harder to put fresh money to work. >> if risk parity is a driver to that effect, if there is a correction, it would be fierce,
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it will, it will be a turn tft dime. >> we've seen it. systematic, as it changes, it really amplifies the down side. but i think it has been tough for us to say there's a draw doub coming. i has been elusive of. >> what's the sector that you like for earnings season in that's what we need to confirm what these stocks are doing. where's the surprise? >> that's what we've been focusing on. i think five groups are really doing the heavy lifting. the financials, the resource sector, it is telecomps and technology. especially old tech. so we like had crap, that's the acronym. >> what's the p stand for? >> phone. phone carriers. >> right. >> let's review crap for people
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joining us and they don't know what you're talking about. you're saying invest in crap. >> the c is had technology, computers. which is old tech. which would be an example, oracle, microsoft, intel. automation. r is for resources. energy and basic materials. a is american based banks. that's where we're starting to see potential deregulation and higher rates. and the p is for telecome carriers, phone carriers. neutrality is a huge win for the carriers if it happens. >> and you also like fang. >> yes. and fang is embedded within crap. >> as it were. >> i can you can't say what the event will be but what kernels you? is it the debt ceiling coming up? french elections? what is the one thing could derail this entire market? >> so when we talk about derailing, in our context, we're
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not thinking a bear market is starting a recession. we still want to see resolution between divergence with what the yield curve is telling us and the equity markets. the long term yield cush has flattened. and in the last 50 years, whenever we've seen this behavior, the flattening of the 1030. i know what the momentum stall. in some instances you can argue, it is 90% probability that you have a drawdown. so we're entering a period where the yield curve and the stock market are really arguing with each other. and so we want to see that result. with the yield curve, what it is saying, if there is a delay in policy implementation or tax or stimulus, the curve should be flattening. it is saying that expected returns won't be that great. the equity markets are seeing p.e.s rise. the yield curve is saying thee isn't coming through.
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>> tom, great to see you. tom lee. so let's go through. there are so many stocks at record highs. what would you buy at record highs specifically? >> united health would be one. i would put out there -- >> that's "fast money." >> but i think there are some names hitting -- i'll give you, good year tire. i still think there's plenty of upside there. maybe an all time high today. i think there are names in the financial area that can move to the upside. i think what derails us, it is the agenda that trump has put out there. if something fails along the way, the repeal of obamacare, tax reform. not the earnings, not the fed, it's trump. >> the sentiment around trump since he has become the president. >> what can you buy at highs? >> it's interesting. of the p in crap which equals
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testifies. something like at&t. they had an investor day and there was a lot of enthusiasm. what's going on with this merger. and i think you get to a place where you look at that name. and it puts some of these yield plays back in. meanwhile we don't know what the valuation should be in the future. i like it. >> so my answer is to the question, you are still long. my biggest position is alphabet. i still like it. i would hang on to it. >> facebook, too. >> i thought it was still google to you. >> pete mentioned lows earlier correctly. home depot continues to grind higher and higher. every day it is making an all time high. people will rally against it on valuation. that has been the argument for literally the last two years so i think you can still buy home depot. >> you asked the question. i'll ask you the question. what do you think triggers -- >> i think pete hit the nail on
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the head. if it doesn't go through, the back end could continue to go through. >> so an inversion. >> potentially of if the trump trend doesn't go through. >> exactly. that would be it. >> real quick, fang, facebook today had huge upside. >> still ahead, oracle surging in the after hours. we'll bring you the very latest. plus, twitter shares tanking after one of the earliest investors respringfield he had dumped all of his stock. could th
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not just wealth, but things that matter. morgan stanley welcome back to "fast money." oracle surging in the afterhour session. oracle executives giving their q-4 revenue guide down to up 2%. the mid point is a bit better than expected. the focus for investors in part is that momentum in the cloud. 1.2 billion. that was up about 63% in costs and currency. not the just software as a
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service. larry ellison taking fight right to jeff bestos on the wall. >> many oracle work loads now run ten times faster than the oracle cloud versus the amazon cloud. it also costs less. as a result, some of our largest customers are negotiating huge infrastructure and serve contracts to move all their data bases to the oracle cloud. you can expect some of those big disease to be announced in the coming weeks. >> now if you look at that cloud hosting market right now, amazon dominates about 40% of it. how exactly does the ceo intend to close that gap? we'll ask him. we have mr. hurd live in an exclusive tomorrow on squawk alley. so tune in for that.
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>> josh lipton, thank you. >> what did you make of that quarter? >> unbelievable. they absolutely executed. you hear her going after satisfies force and ellis going after amazon. they're going after all the big guys. they were the big guy. now they're going after the space, going into the cloud. that's where it is. pits the cloud. >> it is important, especially for people who own that entire space. a lot of it was expense control. >> the forecast, raising up some of the guidance of the. >> you hear about the competition heating up. >> or the pricing which we've seen. >> they've been cutting spenlss. that's the whole point of the quarter. >> to pete's point, the fact they continue to mention sales forceful sales force is a thorn in their side.
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and although it was flat today. pitch perfect. >> pitch. >> that's not good. >> a wonderful way. >> be clear. >> you have to be on the corners, mel. >> 52% after hundreds of accounts were hacked overnight. and the early investor chris saccaed. he hates the stock. >> reporter: it has been a rough couple of days for twitter. hundreds of twitter accounts were hacked. to forbes, seeing their accounts in turkish. telling, our teams worked at pace and took direct action. we quickly located the source which was limited to a third party app. we removed its permissions and immediately no other accounts are impacted.
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chris sacca tweeting, i haven't owned twitter for almost a couple years. when they failed to get ev involved again, i lost home. he went on to say, love the service, hate the stock. they advocated for him to be involved andle were disappointed that twitter didn't find a buyer. he said his fund sold most shares soon after jack dorsey returned as ceo is that that he personally sold last fall. he addressed the user numbers. a study last week saying up to 48 million twitter accounts could be run by robots. tweeting that tackling the bot epidemic would hurt twitter short term because would it depress user numbers but it has to get fixed. it's embarrassing. just today, the insider called at this time worst stock you can own in technology saying that without president trump's
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tweets, the company's user growth would be down rather than flat. >> wow! thank you. julia boorstin in los angeles. so one of the early investors hates the stock. another one says it is the worst stock own. is now the time to buy? >> i said it was time $6 ago. so i'm probably the wrong person to ask. this proves it. they should never go with monthly average users. google doesn't do it. floss reason for twitter to do it nouflt it is manifesting itself with these botts. i think taking flyer here is not the worst thing. >> it is mondetization. i think she's off by maybe double that number. >> come on! >> i would say this. 320 million right now, monthly active users.
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least 100 million are -- >> so what do you believe about facebook's users? are you telling me twitter alone has the problem? >> i think it is primarily a twitter problem. yes. >> we've double this bit on this show. in some ways -- >> how about you get rid of the bots, charge a monthly cost. some sort of a cost to be on twitter. the bots go off because they don't want to pay it. >> i think the ceo situation untenable. if you're on the board and you've been struggling, do you think it is okay to have a halftime ceo? that part doesn't make sense to me. >> how much longer can this continue. >> as much as they hate him, imagine if you were the full time ceo. that's what they would say. >> i don't have a problem with
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him as ceo on twitter. >> i would think just that they would have a full time ceo. >> and square would rally. >> they would have a full time. >> one trader said it might not be clear. bearish outruns the bullish. they paid with a dollar for 15.5,000 of those. what is interesting about this bet to me is that these are expire on the 20th or thereabouts which is before most of the big nails in the q's earnings. >> check out the full show fridays at 5:30 eastern.
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still ahead, the tale of two health care stocks. which one is a better buy right here right now? pete and guy have made their way to the smart board for "fast money" madness. ♪ guyhey nicole, happening here? this is my new alert system for whenever anything happens in the market. kid's a natural. but thinkorswim already lets you create custom alerts for all the things that are important to you. shhh. alerts on anything at all? not only that, you can act on that opportunity with just one tap right from the alert. wow, i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade. won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan.
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call today. comcast business. built for business. welcome back. our special money madness continues. vall virginiaeant had been on a brutal streak. before we get to that, let's take a look at where we stand. saks headed to the semifinals. we have the staples showdown and tonight, two time champion guy adami will face off. jerry and guy for one last round. you will kick it off on valeant. go ahead. >> this might be my toughest
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opponent yet. i know i'm up against it but i will mention a few things. 1983. north carolina state. 1985, the villanova squad. george mason, butler, sometimes the underdogs win. i'm going to put up my valeant chart. not that this shows anything. upper left to the lower right. that's not a good thing. but look at it this way. valeant has had episodes where it rallies 25 to 30% before falling back down again. for united health, a great company to do that would be astronomical. i'm asking to you believe over the next month, we could see the 25% rally in a stock that is probably headed to mid single digits. >> ding, ding, ding. >> unh. >> all right. the thing i find interesting if i can get it up there. what i like about this company
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first is the management. they have the best management bar none. if you look at the ceo and who is running this, they've been this place for over 15 years. ten years, they've been killing it. killing it! >> this is a legendary company. if this went back ten years, it has gone from $60 to where it is now at $170. you look at the earnings and the re new. growing at 10%. last year, erks wearnings were . >> they're supposed to be 20% earnings growth. so it has incredible growth and they're shareholder friendly. when you buy back as much stock as they have done, they're taking care of the people who are there. growth he is optimum. >> you have a question for pete or guy? >> yeah. >> what do you think about the valuation? i'm long on the stock but i am very concerned up here.
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>> that's an extremely good question but i'll say this. when you have the growth they've had and you see they're projects for 30% earnings, i don't think it looks as bad. it is 22. it's back where it has been, around 18. >> now we vote. >> as i am, i'll long on the stocks so it is pretty clear. if guy had any chance, he lost it when he said pete had the number. >> you also insulted karen. >> yeah. >> i'm going -- this could be the critical condition relevanta tournament. here's why. everything hog terribly wrong here. unh, they're hitting on all cylinders. if they could squeeze through and get a tiny bit of enterprise
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value, that's almost 100% in the stock. unc had not do that. >> do you know what that means? >> that means i break the tie. >> oh, my goodness. vrx. as much as it pains me. i agree bits numbers. valeant advances to the next round and we're one step closer. once again, guy is the victor. wasn't easy. take a look at the instant replay. he gave a valiant effort in defending unh. >> not that instant. >> it looked like that. >> i think we saw in the preview. dumping right on top of pete. i feel like that's what we saw here tonight. >> don't forget, you can be part
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>> eww. mexico. also upsetting people. >> sore loser. trump in michigan. what does it mean? it means forewarning. >> melissa lee. thanks for watching. "mad money" 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 you but to educate and teach. so call me at 1-800-743-cnbc or tweet me @jimcramer. you can't help it. some days the market totally derails from the fundamentals and becomes entirely

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