that activist wage the campaigns. >> usually it's something some progress. but i think this gesture is trying to whip up the other active managers and say we should press harder for change. >> of course we'll keep following the story for you. michael, thank you for joining us here on the closing bell. "fast money" begins right now. "fast money" starts right now. live from the nasdaq market site overlook times square, i'm melissa lee. your traders are at the desk. tonight, it is president trump's world and we're just living in it. so how can you capitalize in what we're calling deregulation nation? we have the playbook. plus the man who moves markets is here. he sees a great opportunity to buy stocks if one thing happens. and lark later, a biotech stock could get a boost. we have the name and details.

but first, president trump's budget blueprint lays out a major shift in government spending impacting a number of different industry groups. let's get to john hard wood for the details. >> president trump called it an america first budget. and mick mulvaney said it was a hard power budget. and here is the key trump budget trade. in his $54 million more in spending on national security programs, $54 less in domestic. pentagon, 10% increase. lesser increases for homeland security, that includes money for the wall, good for construction. of course the pentagon spending is good for defense contractors. and also for the v.a. you look at what was cut. epa cut 31%. not good for green energy companies among other things. you had a cut of 28% in the state department.

you've got cuts of 21% in agriculture. 18% in nih, some medical stocks or health stocks went down on that news today. as well as cuts in the commerce department. now, what is the likelihood that this will be enacted? not very much at all. why? fwu have a shi because to have a shift like that, you have to pass a new law changing budget caps. need 52 republicans and 8 democrats. those 60 votes won't be there. some elements of the budget will go through, but the totality of this priority shift is not going to materialize. >> thank you very much, john harwood. and this is what is interesting. despite being one of the biggest winner, defense stocks all ended the day lower. and the other big loser was health care. those stocks reacting to possibly higher regulatory costs. so this is how it broke down there. the winners were losers. and the losers were losers.

guy, let's start with defense. >> the winners that were losers, for example lockheed martin, which closed down i think half a% on t a% on the day after an all time high earlier in the day. and i don't think the reason is president trump coming into office by any stretch of the imagination. these were buys when president obama went in his first term eight or nine years ago if you recall. so the reason to own these stocks is because they have tremendous clarity, incredible balance sheets and then not just selling domestically. these are international companies. defense spending globally continues to rise. and these are tremendous companies. >> if president trump is continuously talking about the modernization of our forces and of our equipment and buying warplanes and ships, i mean, doesn't that translate? >> cheerleader essentially for the entire industry. these stocks couldn't get more priced in or the positive news

flow if you will couldn't get more priced in. so i can see why they would come off on a day like today. that 18% hit, that is really -- we have to say it's a joke, but it shows his hand in wanting to go after drug pricing or at least follow through on his promise to go through drug pricing. negotiating time. but you'll get -- the stocks that got hit got hit hard and i think the pressure will consist and it will be a buying opportunity. >> you want to be able to trade these things. are these tradable? >> i think they're tradable. i think the defense stocks, they still aren't a great value. yes, there was a little bit of a pull back, but these are pull backs from literally the scorching moves to the up side since trump really was elected. you had the trump rally, the new year, everybody is excited. they think that the money is going to be there. it is there. i think it was more of a confirmation like the fed yesterday. question knew they were going to raise. they did raise. >> everything ralglied on that. >> but there was a little bit of

a selloff in the financials which was i guess somewhat surprising. but they have been in this consolidated area for a while now. so they scorched to the up side. maybe they're flattening out now. you're looking for a pull back and you're not getting it. lockheed martin, you're excited to maybe still be in there. but maybe you want a little further pull back. >> and the most bullish thing going to defense stocks is the fact that the architect of this america first thing is a white nationalist. this guy bannon who wants to go to war in asia. he's said it in the last year and that is how our entire foreign policy is being rejiggered around from the thing with russia. we've cozied up to russia and it's focused with china. so when you think about a lot of what 1 goiis going on, yeah, thy is a walking tape bomb as far as foreign policy. and when you think of who he is listening to, items poi's pointa

dust up in asia. >> the defense stocks were rallying in a much more meaningful way long before anybody even heard of steve ban noticing. so i hear what dan is saying, but trump is in office.annotici. so i hear what dan is saying, but trump is in office. mrs. clinton in office. it skndidn't matter. >> in august when trump was at his low, lockheed was at a high and it started so-to-sell oto s hillary clinton gained some steam. i think this is very much represented to the fact of will of- >> you're bringing up the whole with bannon thing. it's more about the president saying this is an area we're into going to increase. >> where is the secretary of state? we haven't seen him once. this is not political. this is what i think this stuff will trade on. >> i think you're awe ayou'll s

defense should move higher. his advisers you think with more war prone than other people for maybe hillary clinton administration would have been. you're saying that the fundamentals are in place long before the trump administration. either way, you think these stocks are going higher. >> i do. and if you want to go back and look at something interesting when it became clear that donald trump was going to be president, people realized defense spending wouldn't get cut and the stocks have been off to the races. i understand what dan is saying, but despite all the political overtures orundertone, these stocks make sense. >> so which are the winners and losers? let's turn to an expert. kim wallace is the head of washington policy research. he's worked for lehman brother,

senate budget committee and tim geithner. a pleasure to have you. welcome to the show. >> that you thin >> thank you. >> john harwood said the budget proposal going through is slim, but from the proposal itself, can you glean what might come out at the end of sausage making process and which sectors would actually benefit? >> john gave you a good walk through the process. it's the directional signals that you pay attention to. they are statements of priorities or principles. and the strong budget that the president sent is that there will be boosts in national security spending. he's unlikely to get all of the money he requested and it's unlikely to come from nondefense programs. but also in that skinny budget is a request of $30 billion for this current year for spending at defense. most will go to war fighting. and your colleagues are both with right, the run in defense stocks started in the summer of

2013 when the u.s. decided to take on isis after the beheadings. i think that the supported by ts long as there is a warks the u. war, the u.s. will be engaged. they're looking for the reality of the trade and that gets you back to what is going on. health care legislation and clearing the way for tax policy. >> and then after that, infrastructure which omb director mick mulvaney made clear there are a lot of trades built around that infrastructure play. would you tell people investors in those areas, you know what, it might take a lot longer for that trade to pay off at this point? >> not only will it take some time before you know if it will pay off, you have to pay attention to the design. right now the design for that and paper runs infrastructure

program entirely through the tax code. what candidates both clinton and trump spoke about on the campaign trail was infrastructure spending. two very different things. the latter, you have a chance of creating jobs, new jobs and creating economic activity from priority projects. the former through the tax code, that abowill benefit directors their investors. >> nih, an 18% clip. and amount in increase in defense spending. is this just him being a bully because he ccan be knowing he won't get anything done and all the voters that voted for him and particularly a lot of defense companies are bulled up because that's what he's talked about? but he won't get much done. >> he's not going to be able to get as much dub one as was stat in the budget here. but keep in mind this is a

process. and this is the beginning. presidents don't have anymore flash in the budget process except at the beginning when they submit a budget. and so all presidents are to be forgiven that they use that pro forma exercise for marketing and for principle stating more than anything else. what it does do is it sets a table for the appropriators. so if they were interested in cutting some of the program, they would have leeway do it. not as much as the president proposes. but they have support and contract to bump up programs, as well. >> when you take a look at the cuts or appropriations in terms of increases in funding, what are the trades that you think wall street is not paying enough attention, to the obvious ones are obviously defense and health care. what are some of the ones we're not looking at? >> i think the fixed income market has a long way to go to figuring out what this administration and unified government really means for yields. yields have been range bound for the better part of three almost

four months now. people are holding their powder and they should because the predicate for the run up in yields was that there would be massive new debt. ite it's unclear in the middle of march that there will be massive new debt. so i'd pay a lot more attention to bond yields. >> kim, a pleasure to have you with us. kim wallace, renaissance macro research. so health care. you keep putting through that nothing will happen. >> here is the thing. and i'm not being disrespectful by any stretch of the imagination. but i look at it, 18% clip. drug stocks took it on the chin because there is concern, is he going to really forcefully go after it. that is his way of going after it forcefully and in the end, there will be a negotiation process and probably nothing done. although early you could buy these names on weakness and do

well long term, and also biotech, i think biotech is a really safe zone here. again, maybe headline risk near term, but look at investing in that in the long term. smoke and mirrors show. >> biotech have had a pretty incredible run. certain names that you can still afford to buy. you and i go back and forth all the time and i own gilead, it's been painful, but i still believe in their story. they have do something to get the pipeline filled. >> feelslike maybe it would be a great spot for somebody to influence it. >> like a bag holder for the biotech industry? >> are whwhat does that mean? >>. >> the xlv, xbi, etfs, xlv was a

really bad false breakout yesterday. above the prior high, above $76 and it could back today. so i'm looking for a move back to $71. >> coming up, the man who moves markets is here. in fact just walking out of the elevator. not only can he move the market, he has great timing, too. he says the stocks are about to give you the money making opportunity of the year. he will explain right after this break. plus media companies which have endured the wrath of president trump could stand to be some of the big winners under the president's plan to try and regulate -- deregulate everything. traders name names next. and it's a battle of the tech titans. will the underdog come through for a big win? more "fast money" right after this.

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we have a market flash. valiant surgeryi isurging more . ceo praised the stock last year. >> so do you think this will be --

>> so i think you can earn your way into that, yeah. we really haven't been able to control the narrative at all, short sellers and media. >> just last night on "fast money," valeant was a stock that you defended. >> pete is mad at me about that and he should be. [ everybody talking at once ] >> an amazing company. and he made salient points. >> but -- >> the game is what stock will perform better over a period of time and the argument was you know what, valeant we've seen these moves of 15% to 20% on a stock that is probably going to five bucks. but we've seen the moves at least half a dozen times. and my opinion was after mr. ackerman bailed, we're on the precipice of seeing another 25% to 30% move to the up side. i don't think unh has it in him or her to have a commensurate

move. >> and everybody the chairwoman voted her value -- >> i'm still shaking my head at the whole thing. >> a value act which upped its stake, but also paulson company, they are in it. bill miller is in it. >> i think that it's a crap shoot really. i'd stay away from the stock. i don't like it here. for a trade, that is one thing. short term put your top on very tight. this is a name that the deal was just priced, there are banks that passed for a reason. and i'll tell you, there is no reason why you want to step in and oent stock for the long term. short term trade maybe. let's switch gears. president trump's deregulation plans may be good news as rulings could put a big number of media deals back on the

trouble. hi, julia. >> that's right, f krmpt c chcc has pledged to take a light regulatory touch. he significa and now they can counting on lifting the cap on how many tv stations media companies can own. sinclair is reportedly close to buying tv stations, talk sending both shares higher. this is a deal that would only be possible if the fcc lifts its cap when which prevents media companies from reaching companies of more than 39% of households. republicans argue that these restrictions are less necessary. >> my own view is that light touch regulation means that we create broad regulatory frameworks to protect consumers to ensure an overall competitive marketplace, but we shouldn't micro manage how these companies operate their businesses.

>> liberty media ceo have talked about the potential of doing more deals. while cbo said that he would buy more stations given the opportunity. >> when we've heard rumblings from the fcc of reducing cans, it's something we're very interested in. we would buy more tv stations if we were able to because of the rhee money a retrans money and the political money. >> murdoch says they aren't interested in adding tv stations, but he is interested in other deal making to expand fox's business. >> and when we think about increased media deals or potential new media deal, we should also think about media telecommunications deals. >> absolutely. i think in the wake of at&t/time

warner, we'll see a lot of other combinations. veriz verizon ceo has talked about his interest in media. we could see dish pair up with one of these company, as well. and we could even see something happen between t-mobile and sprint, a deal talked about for years. and so we'll see what happens with both of those. >> julia, thank you. so in trump's new world of deregulation, where should investors be looking for growth? let's go around the horn. pete, you kick it off. >> i have housesing as oing as them. but what i was going to say a the financials. with jamie dimon, what he's had as well as steve mnuchin, what they have talked about is all about this whole deregulation process. and because of that, i think they just want to make the banks in a position where they can lend again in the right way that they used to be able to. not going overboard, but the pendulum swing to the other side and it needs to come back toward

the middle. that's the case, that is a huge tail wind for the financials. >> and i think housing and the chart looks amazing. looks like it's going 30 bucks. but the tail wind is the lending. banks wanting to lend more. rates going higher. but there is an important almost as well. there a ten year anniversary for a lot of these individuals who went bankrupt. and their credit will be cleaning up. so that will create i think in my opinion of will- >> so creditors look better. >> because all the bad stuff comes off. it's a ten year sort of sunset if you will. so i think that will help the housing market. >> and i would take another approach to it. i think we were talking about the media companies, a lot of the tv stations, that would be a horizontal sort of stock. i think she mentioned t-mobile and t-mobile will get bought

this year. not merge with sprint, it will get bought by a cable company and they will have to do that to compete with the other enits. and twitter has been rumored to be a buyout candidate for a whole host of reasons. facebook should just buy these things. very much a whole suite -- >> do you think it would be a stock now? >> i think that under this new -- like in 2017, that is a deal that could probably get done pretty easily and it wouldn't be something that the ftc would look at and say wait a minute because i think it's difference enough from a lot of their other properties. >> quickly, january 3 1s, pfizer drug reported, wasn't a great quarter but the stock reversed because president trump said we will ratchet all this fda stuff back, we will speed up the process. to me, i know he's talking about getting drug prices down, but this transcends drug prices. this is a huge boone for t for g

prices. pfizer drug gets you done. >> they can sense it. the international man of mystery is out with a warning. and a call to action. he will explain. you're watching "fast money." that is what happened to biotech today. but there is a key event tomorrow that could soon turn it around. we'll tell you what that is. plus guy a dodami is unstoppabl taking three straight matches in the "fast money" madness tournament. but now he faces his toughest challenge yet. we'll tell you what it is when "fast money" returns. fees? what did you have in mind? i don't know. $4.95 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

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we're live at the nasdaq market site. here is what is coming up. china stock market surging this year, but one trader is betting the rally is about to come to a stretching halt. we'll tell you how fwad coubad get. and plus a battle over two tech titans, apple and in-individual i can't. david amend guy will duke it ou. but we start off with the markets.can't. david and guy will duke it out. but we start off with the markets. the man known to move markets is joining us. always good to see you, marko. >> thank you. >> near term correction even though nobody thinks it will happen? >> so we surveyed our clients and about 17% of people think it

will happen. so definitely a minority. so a bit of a contrarian view. we think that you will see a bit of an uptick in volatility. so remember february volatility was 4.5%. month to date almost doubled to 9%. but if it keeps on increasing, you could see some weakness. and the other reason is we're getting closer to french election and i think there is complacency on that, as well. so another data point in prarks question had the global market conference and about 20% of clients think that le pen has a chance ever winniof winning. so i think the probabilities will move up or down and market mr. s will see it as an additional risk. so it would be a buying opportunity. >> walk us through the anatomy of the correction and how you think tlg take place given the positioning in the markets. >> it has been a situation the

past few months. and as the volatility goes up, they get a signal to reduce some exposure. and also equity money dumentum weakens, so you could see a reof course reversal. i do think that the pull back would be shallow. we sort of see two forces that are below the markets almost like protecting the bigger. one is the fed and another is the trump. if you look at the fed, blask the height that we had yesterday was dovish. by hiking now, they can credibly skip june if they there is more volatilities or more turmoil. so let's say something goes wrong in europe there is a bit of a sort of assurance that something comes back on the market. and secretaond is the trump put.

basically market is reaction march 1st. enough to discuss a few things, change a tone. >> we live with the fed put, new we have a trump put. nobody is worried about anything. come on. >> that is why we're saying correction may happen. shallow, like 4%, 5%. and i think a lot of people can still get excited about you mentioned infrastructure, you mention mentioned patriot ya. >> if great britain didn't derail the market, why is frabs? france? >> clients are taking france more seriously.frabs? france? >> clients are taking france more seriously.? france? >> clients are taking france more seriously. france? >> clients are taking france more seriously. france? >> clients are taking france more seriously. it is in the emu so clients take it more seriously. and we share that view, as well.

>> brexit happened so now you're saying maybe this can actually happen because we didn't being it was going to happen? >> you had the u.s. alexandreled now brexit. there is some nervousness, but alsocomplacency. we had the dutch election yesterday. >> so does it all put a bid under the dollar and bonds? >> i don't know about dollar, but for bonds, i do agree with that just because basically there is a very large position in bonds. a bit of a risk off sentiment. shorts may get closed so it puts basically a bit under bonds. so i do think actually we saw the move yesterday, i think this can actually last bit longer. >> but bottom line up side to your 2400 target on the s&p right now.

>> absolutely. so our price target is 2400. we did not want to take a view whether tax reform happen or not. if it does happen, markets should go higher. >> thak great to sgreat to see . >> don't forget the pension funds you can as well. a rebalance will occur. i poll clients all the time.can. a rebalance will occur. i poll clients all the time. frankly there is a lot of pent up demand still at lower levels in banks in particular. if there is a pull back, the pull back will be very shallow and it will represent a buying opportunity. usual woryou're worried abo. >> i'm giggling over here. it seems like you can't find a skeptic anywhere. it's a scary situation. just going to tell you that. >> are you in cash? >> i just think it's scary.

>> is it the fact that people are acts to proenlble to protec? 200 moving day average is 1340. even [']where whertoday where to sell off, i think you can ride to the up side and have very insidexpensive insurance t the sup side. i was 40% cash and i'm not 11% now. it gives me all the down side i n need. so there is an opportunity there. >> where do you stand? >> they played james bond music for marko. >> fitting. >> it is fitting. >> fwhadbad in a good way. just want to be clear. >> it could have meant like a bond villain. >> this is what concerns me.

i think to pete's point, you should be buying protection. whatt i think is happening, thi insurance stuff, why even bother? the market is -- >> that is a problem. >> that is it's important that y watching should not be running out and buying protection. it's a massive drag on rushes. so the important is what is your level of optimism, what is your time horizon. >> wait. you said it impacts yourn returns. if you're trading on 11 vix and you're appreciating a portfolio that matches the s&p, it is not a massive -- >> just by the spy. >> i get it people are saying i'm not going buy protection. but do you expect the market-of there is a therea down side or up side risk? >> i think down side. >> i disagree. i think there is little down

side and little upside. >> the last thing that -- >> going to be the last word. >> yeah, it is. marko said if we get tax reform. >> okay. that was it. let's move on. yoefrn seas moverseas market markets think the rally in one country is about to come to an end. dan is being sent to the smart board. >> this trade that i'm going detail may be somebody buying protection. this tracks of chinese stock market. total options volume was two times average dabily on scrolvo. paying 89 cents to open the break even down about 17%. so i don't suspect that is a bullish bet. someone looking out to november

and buying puts at break everybody that far down. but when you look at what is going on in the fx side, equity market, you ever thhave this li breakout market. this is the december low. that happens to 34. that is a strike that was purchased. and the fxi has underperformed the spy from its 2016 lows. s&p about 40% from those levels. but look at this here, if you go all the way back 202012, we're getting to some levels where there is room to run in this thing. so if someone is listening to pete, they are long chinese stocks and looking for disaster protection. >> and they are smart to be doing so because they can buy these at an inexpensive level of implied povolatility. >> for more options action,

check it out tomorrow 5:30. still ahead, a new cholesterol drug is being called a game changer. and plus it is the moment we have all been waiting for. they battle it automatic over apple and in-individual i can't. wow. much more "fast money" right after this. hey nicole. hey! i just wanted to thank your support team for walking me through my first options trade. we only do it for everyone gary. well, i feel pretty smart. well, we're all about educating people on options strategies. well, don't worry, i won't let this accomplishment go to my head. i'm still the same old gary. wait, you forgot your french dictionary. oh, mucho gracias. get help on options trading with thinkorswim, only at td ameritrade.

much more "fast money" right

we continue with a big tech battle between apple and invidia. let's take a look at where we stand. last night we asked you to pick who should take on valiaeant fo the health care crown and you all chose allergen. and now to tonight, it is one of our most contentious debates yet. in one corner we have three time "fast money" maddest winner guy adami making the case for in-individual why in-vi

invid invidia. and david will make the play for apple. why is invidia the better buy? >> you saw the clip and david spinning the ball on his finger. i will tell you something categorically. one thing i learned, guys and gals that can spin a ball on their finger, they are the worst players. and that is why david will lose here. i love apple. and pete has been spot on in apple. but pete's price target has been 160. that is a 14.5% move from current 4relevels. did you see what just happened? intel bought who? i didn't hear you. thank you for the help in the background. why? autonomous vehicles, ai, that is where invidia rocks. it's not about gaming. it's about artificial intelligence and autonomous vehicles. the up side for invidia is huge. back to you, david. >> 45 seconds on the clock. >> i'm surprised that guy knew

the difference between a basketball and a fnl. but i'd say that player definitely a player. when i look at apple, apple is a name that you have to own for one reason and one reason only. street numbers are way too low. street expect stations are for like 10.16 th$10.16. they have to move way higher in the near term. mainly because they get a new phone coming out that has a new form factor. it is a home run stock given the fact that -- >> good job. keep going. >> given the fact that you've got -- >> try it again. >> install base aging install base equals a lot of quaupgradus going on. china loves new design. it will drive sales for them.eas going on. china loves new design. it will drive sales for them.te going on. china loves new design. it will drive sales for them.es going on. china loves new design. it will drive sales for them.s going on. china loves new design. it will drive sales for them. >> all right. time is up. [ buzzer ] >> thank you to the luddite

saving him on the board. that is ironic. so there has been a lot of m&a. is in-individual uviindividual can't invidia a takeover question? sgli . >> it's probably 85 to $90 billion deal. but if they get the autonomous car stuff right, it could double. >> you know i'm going with an he will, but fantastic argument that time by guy. >> thank you. >> and i'm with guy. i'll tell you why. if i'm trading this sort of thing and i look at invidia, i think it has a really good shot to go back to the prior highs at 120, i think for am he will ap same would be $150 billion

market count. >> break the tie. >> invidia. anyway, there you have it. invidia taking the win. guy a damage aundefeated champi. a little too confident there. take a look at instant replay of their victory dances before the show. >> oh, good lord. >> let's unsee that now. ♪ still ahead, amgen's new cholesterol drug could give the name a billion dollar boost. you're watching "fast money" on cnbc. at fidelity, trades are now just $4.95.

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welcome back. time for our move of the day. check out the shares of gold miners. this is interesting because take a look at gold.

the commodity getting a bid for the second straight day rallying more than 2% following the fed hike. so why didn't the miners follow it higher in gold suddenly hot again? pete. >> why is gold suddenly hot again? >> we're on the air, hello. >> deep thought there. >> gold continues to be just like everything. recently everybody is trying to find the magic. they're trying to -- how long have we -- how many have sat in the chair and said volatility will pop. people are looking for opportunities and i think gold, gold miner, silver, that is just one more hedge people are looking to. >> weakness in the dollar has surprised people. and i think the knee jerk reaction has been a flight to gold. i'm surprised miners haven't rallied more. i think they are -- if gold continue, they will win. >> a week ago on positi"options

actio action", carter worth called a short on gld. if you look at the down trend that thing has been in, this is a good opportunity. he also called the lows back in december. i'm going with carter. >> let's move to the biotech space. amgen looking to get a billion dollar boost from a ground breaking cholesterol drug. let's bring in meg tirrell for the latest. >> some really highly anticipated data in the cholesterol space tomorrow that could faaffect a bunch of names. millions have high cholesterol, but yet still millions more don't get it low enough for where their doctors would like them to be. so two new drugs were approved. people thought that they would be the billion dollar plus drugs. but that didn't really pan out. if you look at the sales numbers

for amgen's drug, in 2016, it had $140 million in sales. these are morgan stanley estimates until 20. you can seethey're modeling a big uptick. and tomorrow we will see data on how much the drug redugss tces risk of heart taek and stroke. the problem with the drugs is insurers aren't covering them. so we know the study reduces the risk of heart attacks. and you have seen the stock come up into the data. based on the side of the benefit, it will affect amgen, but we could see big moves for other companies working in cholesterol. so this is at 9:00 a.m. analysts are looking for 15% to 20% risk reduction here and

depending on the side of that benefit, stocks could move a lot. >> why do you think these stocks across the board have moved lower today? >> lower today? >> just -- in anticipation of the data tomorrow, you think maybe there could be a bid today. >> it's possible. the overall move in health care probably was more influential as we saw trump proposing a $6 billion connecticut to the nih budget. of course trump saying that drug prices will come down so far it will make your head spin, none ever this good for biotech. >> a big move in anticipation. so the 15% to 25% reduction rate that people are expecting, the street is expecting 20%. it needs to be more than that for the stock to continue to go hire. so if it comes in at 21%, i don't think the stock runs. i think it needs to be north for the stock to continue to run

high pers higher. they're in the middle of a lawsuit and they will just press it as hard as they possibly can to own the market. so if the reduction rate is 24% or higher buy the stock. >> when you said step on his throat, it reminded me of what guy just did. >> did you just rub it in his face? >> i actually think -- why i don't sigh tee the up side. i know you have been long some of these things. but i think the xlv is selling. >> up next, pete is bet gtting big rally for one big bank. we have the name when we come back.

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know you can craft an investment plan as strong as your values ♪ know that together, you can establish a meaningful legacy with the guidance and support of your dedicated pnc wealth management® team. time for the final trade. >> the day has ban filled with deregulation talk. i still think the financials benefit. bank of america has been hovering. i think it's ready to break out. >> and i like coach for near term trade.

and i also think there is good news on the horizon for acquisition. >> xlv. >> and pfizer will get you done. >> thanks for watching. "fast m" don't go anywhere. "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 but to educate and teach. so call me at 1-800-743-cnbc or tweet me @jimcramer. this, this is a purchase loined letter market. it's like that