going on connect with it? >> the great thing is, for most disney films, it really doesn't matter what the critics say. >> i've seen the reboot of cinderella because of my daughters and i think this is best of them. >> because of my daughters? >> that's my excuse. >> happy st. patrick's day. "fast money" begins right now. "fast money" right now. tonight, the financials, the worst performing sector this week and there is one big bank in particular. we'll tell you the name. plus, how low can it go? snap getting crushed again today. just $2 above its ipo price and there's a very good reason why that could be the next stop. and two overlooked stocks could be signaling the peak auto. it is the little noticed trend causing big concerns.

we'll explain. we start with technology. everyone felt this on the first meeting between german chancellor merkel. the nasdaq hit a record the interday high. google, facebook, netflix all soaring to all time highs. in a market seems to be range bound is technology, your best bet for growth? >> that's what pete nagerrian has been saying. mastercard and visa, we talked about. netflix, very tunneled radar screen making all time highs, i believe. and valuation, not valuation. i think out of all the names you mentioned, the one stwok the most beta to the upside continues to be netflix. i think there's a real chance that sometime this year you could see netflix bought by the likes of a walt disney company. >> i do agree with netflix saying it could be bought. it is a big number. i'm not sure who takes them out

but i believe they're a leader. where do you go for growth? you go technology. that has been the rule of thumb. then we have financials be the tech. when we looked at the rising rate environment and we see people coming back to tech, back to the old names. maybe it is just, they want to go back to safety in a market where they don't know where to put their money. and they say facebook has portland, google has performed. insmocked netflix is lump in the there as one of the quote/unquote stodgy performers. >> i've been really clear about my view on netflix. >> let's talk about the names that do belong. >> the names that belong are google. if you think about why tech is getting a bid, all the people that at least had some pause on policy, what is happening, what is not. tech is probably the least sensitive to all of that. in a place where tech was getting it, where it comes to offshore cash where there could be corporate tax reform.

google to me is the company that gives you the best risk reward. more importantly, growth for the money. and i look at the tech space. one of the things about facebook that concerns me is you get to a place where there is saturation. the 1.6, 1.7 billion. ridiculously large foot print but i'm not sure the user space will grow. it won't grow at the same clip, let me restate that. if you're looking for valuations, facebook is a place where the growth will hit the comps. >> a liquid name from that perspective. the fact is, they'll continue to grow the user base. that was a concern. i think they've been alleviated. you mentioned 1.6 billion users. engagement is rock solid. the multiple buckets to attract new users. instagram, facebook, you name it. you look at visa mastercard. those stocks doing well. look at the financials, the banks in general.

money came out of banks. visa, master card. that's the resimments. you see them sell off. that's been the go-to trade. >> we got a lot of sectors buffetted by the notion of a trump trade. all these things that may not happen. is technology the defensive nontrump trade that you could have? >> it appears to be. not in the cross hairs. he went after some of the technology companies during his campaign but he seems to have backed off of the apples, the googles to a large extent. if you're looking for safety from a president trump tweet, i think technology is probably safe. >> it could be an issue. we start, for the last couple years. from trading stocks and from doing the show, we start to look at that narrowing of focus of those leaders in a technology space. there could be a worrisome event. i feel like the overall market. i've been a bull. i'm feeling like even though

we're hitting the record tops i'm starting to feel a little squishy. the low pop days. we move sideways. that could pose a problem. >> the very big picture on technology, think of the trends pushing around so many industries. if you think about the efficiencies, where annul of the big key parts of technology are not only, it is the margin of the underlying businesses. the fact this is the disruption changing every other industry. if you think about the legacy players. how names like apple have nung there and been part of rally when people thought they were a hardware company. i think it is giving you a sense, this speaks to what dave was saying about facebook. the guys with the critical mass are going to be fine here. >> look. apple is coming out with a new form. the supply chain is getting ready. you will see the names continue to bode well. >> and announcing two new r&ds

next week. >> china has proven it over and over again and apple is giving them ability to be part of that. >> when you look at the intel mobile idea. disrupting automotive and ten tesla trading off the upside deal. >> it is trading better than i thought. this capital raise now in the rear view mirror, to me tesla makes the push toward 300 that it has had trouble with. i don't know moo the incremental seller is. >> you have been an advocate being utilities and that was one of the best performing sectors for the week. surprisingly with bonds.

is that where you want to be? >> when you look at utilities, the ability to pass on whatever rate increase to the end consumer has been a reason why they have hurdled over the rising rate environment. the fact utilities are running with what is supposed to be markets at all time highs is too conflict conflicted. >> i don't know if you call me a bear yet but did i sell my spiders, my holdings i can't. feel the exact top so i would rather lighten up now. i feel like the sideways move is coming. and then you get dip. >> isn't this an all clear? that we haven't broken through. in fact we've taken it back. we've got almost the smooth sailing. >> are you bullish now? >> absolutely. after that fed meeting where they let you say that they're

going to least right now not going to push too hard. >> that made the bulls happy form me it was trump's budget. when it came across there, mcconnell, mccain, and every one saying, hey, no way, it's a nonstarter. that means the whole budget process and everything that changes in government that he thinks will get through. >> i want to go stock specific. we touched on this. netflix. a bit of an ecclesiastical one. netflix getting a major endorsement from bernstein. one analyst going so far as to comparing it to jesus. saying either you believe in it or you the don't. saying could it jump as much as 22% from these levels. specifically, it said if jesus were a stock, he would be netflix. >> or maybe moses too. and by the way, onner st. patrick's day. in this case, and i'm not going to say. that i have not been a believer

in netflix. i've been of the view that there's a lot of competition out there. who would pay for these guys unless you truly believe that first mover advantage is so he powerful. when everybody including at&t is getting into the same business and it could be disney, and it is amazon in the form of hulu. people saying they won't compete on their own content. >> cautious on q-1 checks. they did the same go thing in q-3. the stock is up 52%. so there are people really get this story, understand the long term growth prospects of this platform and guy, i 100% agree with you. this stock, i mentioned, will get taken off. and it will be the likes of disney and it probably happens before the end of the year. >> after it has been up 50%? >> i've been a believer. i think i said on air when it pre split that it would be a

$1,400 stock within three years. that was with two and a half years ago. you don't even to have believe in the m & a. i think they're so far ahead of the competition. people just buy it. i buy it. you keep it. they have pricing power. everyone talks about how sfookd stock always gets had they even hit at a price increase. it is something that i use constantly. amazon is the biggest competitor but netflix, i do think -- >> in an era where there could be further deregulation. it could be a little more friendly, doesn't the value of netflix go up? >> i think so. >> there is absolute competition for netflix. but netflix is so far ahead of the curve in my opinion. >> i hear what you're saying. >> the margins are a hockey snick 2018. they rip up, because the spin that they've had in the international expansion.

>> and the international content is a much tougher act. >> international has been lagging. the question is ultimately, what is the marginal difference that sprats th separates them. what are they doing differently and why -- >> i think the answer, and i might 100% wrong. i think the answer is name recognition. jello brand gel since is the same as the generic but everybody buys jello the same way i buy qux times. >> i just got jello had metaphor. >> kleenex. >> sure. band aids. >> scotch tape. anyway, moving on. >> english muffin. no. >> english muffin is not -- no. that doesn't -- >> good try. snap many shares getting slammed

again. is it heading below its ipo price of $17 a share? plus, the auto industry showing some huge cracks and it could be a warning sign for the whole market. and from zero to hero. nik was one of the worst performing stocks last year. but is it coming back is this a chart master will tell us why. what's the value of capital? what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley

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here's something you may have missed today. check out shares of auto lenders. down 2 and 4%. there was little news but some reports pointed to concerns around weak auto data. toyota was sharply lowered. is this a sign of peak auto? the concern is the lendingful? have the car dealers lean on these two lenders. so if february used car sales are down and new cars are down, you start to think, peak autos. and you have a rising rate. the whole thing is weak for the lending group. ally has a huge amount of sub prime exposure. >> we talked about this before,

how much lending had gone on in the auto industry to enable peak auto to happen if we've hit peak already. should we be concerned right now? >> look. i think the auto hs a nice run. i think there's been a lot stuck in the channel. i think they can settle down and pull back little bit. it's creeping up and you have to keep an eye on it. three or four opportunities in the last six months to reaffirm 2016 and 2017, and if you think of this company making 620, 6 three a share, it is 5 1/2 times earnings. it is very, very cheap with a poor% dividend yield. it just sold off. i don't know why it is going down. >> and there could be deregulation. a roll back. >> so i thought ford broke -- at

the end of last year, 2016, it looked like ford was breaking to the upside. traded through 13 to a two and a half year trend line. then back down to $12.50. these stocks are ridiculously cheap valuation. in my world you have to wait for a breakout to the upside and that takes place at 13.25 which is had significantly away from where we are now. >> shares of amgen taking 6%. something we highlighted last night. cleanse cal result trial results were overwhelmingly positive. but whether health insure letters pay the healthy price tag has investors worried. hit to be a certain percentage to convince shareholders it was worth the money. >> the market had anticipated a 20% reduction in had events. 15% it was bottom end of the

range so good enough. not enough to satisfy the expectations. so what happened? the stock got smacked. and it is a near term blip. pulled back little bit today. longer term people the shouldn't be worried about this. what was interesting if you look at this. amgen's 9.5%, 6.5%. they really did not sell off. i look at i and say it is a telling story about the rest of it. had. >> part of the lack of movement was that gilead had a good day today. it was up .75 today. >> the it should have been more than it was. i still think ibb is broken to the upside. a couple more days like today we have to ree-virginia wait. given the circumstances, it traded all right. >> what dwoud the other inhibitor companies?

>> i think they're okay. >> the data is better. i prefer to own amgen and i think it will continue to work. the bulldog sentiment going into this event had the stock up skyrocketing. so pulling back makes sense. i think long term for holders is a name you want to own. >> a tough week for snap has it heading back to $17 a share. the traders tell you how much lower they think it is going. we just love that video. you're watching "fast money" first in business worldwide. here's what else is coming up on "fast." ♪ >> that's what investors in snap want to know as shares continue to fall. but there's one price that could prove a bargain. we'll explain. plus, what are the hottest trades in wall street just starting to unravel? it could spell trouble for your portfolio. we'll tell what you it is when "fast money" returns. 200,000

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mike's cash flow savings totaled $8,736. after 5 years, it will be over $40,000. it really is worth a call to find out if a reverse mortgage can help you too. call one reverse mortgage now and ask for your free information kit. how low can snap go? shares have been under pressure, within $2 of the it's offering price at $17 a share.

that's where david temer said it was going. >> i'm not jumping through hoop to buy the $21.80. should it go down to the original offer price, i would love to buy the stock there. i'm a believer in the company, it's a valuation question to me. i'm in the nowhere land of valuation right here. the $19 to 23 or whatever, 24. you don't touch your position. and up near 30, tights high for right now. >> how low can it go? >> i have a huge snap presence. >> snap all the time. >> you're a snapping fool. >> just keep going. >> i think we did a decent job with this. we said it rallies to 30. i think it will be 17.

i'll stand by it at 18. i don't know if 17 is the bottom but in my world that's good enough to get into position. >> there's no messing with david tepper. he's been a hero calling this. how do you judge a difference with snap and massive growth? i don't understand where valuation comes into play. >> this is a sentiment trade. sentiment got incredibly negative. it is more of a longer term. since we got so negative, the average is $17.5. there's two dates to think about. the earnings, mid may. may 15. march 27 is when 30 plus banks on this deal will roll out in the stock. and they're going to come out and it will be a little different story. so i think that will be a trigger. i think sent intergot way too big. i think you trade it right back out. >> morgan stanley coming out with an outperform on the rating

will make it go higher? >> we have to look at this in macro terms. if the market was doing better, tripping over itself to move higher. everyone buys beta. they look for snap to be that aggressive purpose. once start it flattening out, they sell their newest arrivals. the reason why facebook, google, netflix are all doing well, is because snap is not doing well. if it was reversed. people are getting nervous with the market. >> where do you think it goes? >> i think -- >> hello. >> dead cat bounce but lower. >> i'm owning it here into march 27 into earnings. >> you're a seller. >> i'm throwing darts. that's what people are doing. >> no. >> set it up well. >> $17. you take a shot. if he doesn't, you miss it. shifting gears, in case you didn't know, had st. patrick's day some of the are trading

lucky stocks. kick it off. >> happy st. patrick's day, dad. diageo is the obvious choice. irish whiskey and tequila are very hot. it gets you done. >> i'm taking other side of everybody in the snap chat. i'm a buyer. buy it below $20. i think it is a trade lies the $30. i think this is a sentiment trade. it is down for that reason only. >> this has been a great trade for me and hopefully for you. significant synergies with the dow deal. you look at colorine. the pricing is advantageous. >> we say goodbye to another one. amazing. check out the dr. martins he is wearing. he's right up there. in at least the top 50.

>> look at that sucker. >> that does it here for "fast money." we'll sue you back here at 5:00 on monday. "options action" starts right after the break. once there was a little pig that had built his house out of straw. one day a big bad wolf huffed and he puffed and blew the house down. luckily the geico insurance agency had helped the pig with homeowners insurance. he had replacement cost coverage,

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hey there, a quadruple witching day. the guys are behind me getting ready. >> out of gas. >> that's what some traders are saying about the banks and there's one name in particular that looks vulnerable. plus, how would you like the play sprint for a takeout and be pay a dime? >> it's my way of sticking it to the man. >> we'll show you how. and suddenly, nike shares are hot again. >> is it the shoes? >> no. it's not the shoes. it's the charts. and there's something in them that suggests nike shares are going higher. the action begins right now.