>> facebook was number six on the owned list. >> it's up there. and closely held. the founder still owns a good chuchk of that. >> that's true. intel for people making their choices. see everybody tomorrow. fast money begins now. "fast money" starts right now. live from the nasdaq mark site, i'm melissa lee. tonight on fast, the nasdaq hitting a record again today for the 21st time this year. the mysterious north man trader said there's something in the charts spelling trouble ahead. he'll be here to explain. plus, we've got five stocks that are skyrocketing. we'll tell you the underthe radar winners and whether the high flyers have more room to run. president trump gets ready to meet with the president of china. could this be the big market-moving event this week. we've got those details.

but first we start off with major car trouble. march auto sales implying america's long-running auto boom could be coming to a screeching halt. phil? >> it may not be a complete stall. but this is certainly not good news for the auto industry. take a look at the numbers for march. the sales rate was 16.62 million. what we're showing is the annual sales over the last six years. last year hitting 17.6 million. 16.62, by the way, that is the lowest monthly sales rate since last june. if you look at what didn't sell as opposed to what did sell last month, down 1.6%. may not sound like a lot, but it's down 1.6%. cars continue to be a weak spot, down 10.6%. trucks and suvs, hanging in there with an increase of 5.2%. the automakers are quick to point out that they cut back on their fleet sales in the month of march. that's part of the explanation for why we saw weaker sales out

there. but on the other end, you're seeing rising inventories and at the same time dealers across the country are all saying the same thing, they've got to work a little harder to close those sales. as you take a look at gm, ford, fiat, chrysler, and see what the stocks have been doing in the last year, the question becomes, and it's the one that they've been asking on wall street for some time, yes, you've got profitability per vehicle, and overall, in the united states, but can you do that if the market slows down? too early to say this is going to be a continuing slowdown in sales. this month will get a lot of attention. one last note, melissa, let's take a look at shares of tesla. they didn't quite hit $300 a share but they're at an all-time share at just under $300 a share. now tesla's market cap, with sales of just 76,000 vehicles last year, its market cap is greater than ford. which had global sales of 6.6

million vehicles last year. something to think about. melissa? >> stormy weather in shortsville. thank you. >> yes. >> phil lebeau in chicago. the damage not just contained to the automakers, the bad news sending shock waves throughout the entire auto ecosystem. auto parts retailers like auto zone and o'reilly's getting hit. car rental stocks all hit. auto lenders, they also felt the pain today. is this the end of the auto boom? and could it be signaling other problems with the consumers? >> well, it's interesting. look at gm and ford over the last three years, you can make an argument, we said it before, that the last three years have been the best times potentially ef for names like that. yet the stocks have went sideways. ford is in a three-year downtrend today that is now pushing down against a level that it absolutely has to hold

at 11 bucks. the news was great. the stocks didn't go up. now the news is not so great and the stocks are clearly not going up. the one that stuck out to me, hertz down 9% today. that's a stock that cannot get out of its own way. when you see hertz rolling over, when you see auto zone, a name that i have loved now trading at a 52-week low and has not been able to recover since that amazon news when amazon said they're getting into the space, it makes you wonder if any of these stocks are in play. >> fleet sales are a big deal. if you think about also used cars coming off leases by 2019, '20, you'll be at 5 million units. we probably all read this research. but that's why hertz -- this is not a new story. there's nothing that came out today. it's not a secular trend that people haven't been on top of it. these charts have been in decline. gm sales mix was richer. low margin sales. re tale sales were up 5%. stealing market share from ford. this is a relative value trade.

i still hold on to gm at 5 1/2 times earnings. >> some of them are scary with the innocecentives that auto ma have to use to make a sale. but it was up 10.4% for the industry in march. and if that was the first time it was over 10% since 2009, the number of days on the lot, highest at 70, 2009. >> i think tim was getting to it. there's structural headwinds for the auto industry. >> sure. >> talking about all the things going on with autonomous, with ride sharing, all this kind of stuff. this will work itself out. for gm, it round tripped a lot of moves from early november. you have a stock yielding about 5% or something like that, as far as a dividend yield. tim said 5 1/2 times. but the only other thing i'll say is that we know about the news about einhorn last week, he wants to split the stock. the company obviously said no.

you have an activist in there, when the only thing they can come up with financial engineering, you probably want to steer clear. and probably wait until -- >> but that wasn't them coming up, it was einhorn. >> i know. >> they declined it because they think they can grow in other ways. the more focus on the suvs and truck market, that's what continues to sell. and obviously they sold off some of their european entities and so forth. i think the focus on the asian market is going to be huge for gm, and ford for that matter. but gm, if they can have great success there, suddenly you can start to put a band-aid on some of this bleeding that we've seen. the stock last week got a little bit of a pop up. it's right back where it was. it was as if that was done and here we are once again with a five multiple and 4% yield. i'm holding on to it. i'm a gm and holding. >> einhorn's playing, i don't want to say failed, but failed in the eyes of the market, let's say, because of real corporate governance problems. you can't divide a twacompany a

say one part of the company will be in charge of the crash and then -- >> look, i get the tactic. the same thing about activists wanting companies to give back more capital. the drives for gm, pete pointed this out, their global business is unbelievable. at the same time, they just sold off their unprofitable european businesses. big question for gm, can they hold on to the chinese partnership. that's something i worry about. >> i reference an elon musk tweet earlier. stormy weather in shortville. >> i wish you didn't say that. >> why? >> because you've got to win with dignity and lose with dignity. >> why is he shooting about his share price? >> he's a ceo talks about even when the shares are overvalued. he has said that in the past. it goes both ways. you could almost script a day like today the automakers reeling on the back of poor auto

sales and tesla record high. very dramatic. >> i think we've done a decent job with tesla. tesla is breaking out to the upside. it got pretty close to 300. his tweet upsets me a little bit, because to me, he's -- i don't know. you win with class, you lose with class. >> here's a guy that every sting will time they have raised money since their 2010 ipo, he's bought in. >> he can say whatever the heck he wants. >> i would put it differently. i've been more negative about the valuation of the stock. i'd like to -- this guy deserves all the credit in the world for running one of the most innovative companies in the world. i think the guy's an american hero. really, dan, we have a place here where if the guy's gloating in a little bit of success on deliveries, that's great. i will say, i think the irony here is, okay, should we now value as a car company? if it's really about the auto deliveries, you should not be

valuing this company where they are, which is one of my main arguments. >> they're a car company but also a technology company, right? the fact that he's able to put out the fact that, hey, we put out 25,400 cars. we have records that we put out. nobody thought that would be able to be achievable, number one. and here he is doing that. i think that's part of the story. i think elon can stand up and be pretty happy about it. >> you know, here's the one thing you have to track on this tesla is what's in the channel. obviously 25,000, that was the headline. there's stuff shipped out. it wasn't really a clean beat like that. but listen, at the end of the day -- >> some stuff is in the channel because customers couldn't take delivery. there were many reasons why they can't get a car. >> it's pointed in the right direction, all about the model 3. all about hitting the marks. about having the financing for the mass market, that sort of stuff. this is kind of noise for all intents and purposes. you know, tim, all the power to you at 300 bucks saying, i've

been negative on the valuation. this is one of those days. maybe it's going to 600. who knows. you can pooh-pooh the valuation all up. it proves you wrong about that. the best stories, most innovative managers with interesting products. they go higher. >> look, dave, i totally agree with that. we have a case here where i haven't been short the name. i've been critical of the valuation because it's hard for me to understand that. you're absolutely right. amazon is a name that i said 400 bucks and thought, i can't buy that valuation. i think ultimately it is a story, your point is well taken, a company that a lot of people don't know how to value it. and as pete said, intrinsic value. >> it's about potential. the 400,000 people that plunked down $1,000 apiece say, hey, look, i want in on the stock. >> it's all about the model 3, but the fact that they can hit the targets along the way, barely 300. you know what rich roth -- >> beat me like a drum.

>> yeah. >> all you need to know, when they price that secondary, and they did that offering, the stock went up from there, that told you that there was nothing left of the stock to go down. i'll say it again, this might not make sense, but i don't know who the incremental seller of tesla is. the people -- the institutions that own this stock are not getting out at these price levels, i don't think. coming up, the nasdaq is on a record winning streak that it hasn't seen since the dotcom boom. and maybe looking for a suitor, which companies could be queueing up to be the first in line? president trump is gearing up to meet the president of china which could be the most important meeting since taking office. why it's got investors so nervous and excited. much more "fast money" right after this. after this. edge wifi to 35,000 fans...

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welcome back to "nightly business report." casino stocks getting a new report about the revenues jumping 18% in the month of march. that kicks och the top trade. casinos have been on a roll this year, leaving the resorts up 34%

this year. las vegas sands up more than 6%. mgm, the only name in the red, down 3% on the year. should investors cash out? guy adami. >> the time to go all in is when steve wynn was -- it might have been low. with that said, is it time now? i do think wynn, for example, is breaking out to the upside. if you look, traded basically -- this is where i had the trouble with in the middle of last year. you said it, the revenues up 18% year over year. looking for 11% year over year. that's a pretty significant beat. i saw an upgrade a couple of weeks ago. you're late in the game without question. i think it's going higher still. >> should we be worried about beijing imposing tighter controls over commercial real estate loans? i read that in a wells fargo

report today. basically the vip and commercial are looked at. >> capital control related. that's the game that's played. a push-pull game. every time people have overreacted to that being impact on the core business in mckou, even the mass market business. i think we're back in a cycle and you're seeing this across the chinese consumer space. i think you've got more room to run. i've been waiting for a pullback. i bought the first 20%. waited. and in fact, i'm probably ready to get back in. >> i was in wynn for a long period of time. he bought it all the way up, i think his last buys were just $100 a share mel. it hit another 52-week high today of 119 or something like that. i'm doing that, because i think that's where we're going to see that energy. i think vegas is strong.

still great. you saw the march numbers as well. revenues up 9%. it's the 18% number. >> what about mgm? >> i was just looking at las vegas sands. up 7.5%. >> it's asia. >> it's still about 9% from the 52-week high from a few months ago. maybe that's one to get a sense here, and how our people are hitting the tables versus over there off of a very low base. a new all-time high after receiving interest from a potential suitor. rumors of the deal sent the shares up 8%. how likely is the deal. tim? >> people are saying it's domino's, starbucks, you name it. think about the restaurant space. it's been ripe with takeover targets. if you think about some of these names that could be consolidators in the space, pannera, i don't know how much of the move year-to-date has been, whispers over this kind of a takeover, some of these

guys -- a bit of the haves and have-nots. this is not a reason to buy the stock, though. i don't think you need to go there. >> look at the performance, 12 months, up 30%. >> up almost 40%. >> we talked about a break in the beginning of the year, 220 was the level. here we are now. 32 times forward earnings. it is expensive. but every quarter they found out they seemingly perform better than the prior quarter. market cap is $7 billion. i get valuation is rich. but could they get taken over? yes. do you own the stock regardless? i think you still could own the target. >> would you be surprised it wasn't starbucks? it kept coming up. given the transition at the ceo position already. it just seems like now wouldn't be the great timing for it. but maybe it still could be. >> one of the headlines, go to starbucks, it's less and less coffee and more and more other stuff. they talked about it today, the headline that lunch is going to be a big thing for them. what i'm saying is, looking at

the company that has $3 billion in sales, or expected to have that. starbucks about $22 billion. you know, don't forget, north american comp down three, four consecutive quarters. at some point the new ceo may look to reinvigorate this brand. >> is this valuation so rich that it seems a little bit of a reach right now? >> panera, you mean. >> down 50% over the last year or so. apple is a real brand. they have a serious footprint. >> i'll tell you what -- >> whatever. >> pete's embarrassed that he referenced them in the same sense. >> waffle house. >> yeah. still ahead, if you blink, you might have missed these huge moves. they got five under the radar stocks that are soaring. the names of the trades later on.

you're watching "fast money." in the meantime, here's what else is coming up on fast. we're going oh stand up to china, we're going to stop the currency manipulation and product dumping, which is killing us. >> that's what then candidate trump said about china. but as he prepares to visit with the president this week, will he moderate his rhetoric or risk a trade war. we'll have a special report. plus, tech might be at a record high, but the mysterious northman trader says there's something in the charts that could spell trouble, and he'll tell us what that is, when "fast money" returns. money" returns.

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. welcome back to "fast money." here's what's coming up in the

second half of the show. a key test for president trump as he prepares to meet with the president of china later this week. how will it impact the markets? the s&p has been stuck in the mud for the last month. a number of under-the-radar stocks have been surging. first, the nasdaq hitting yet another record high today before giving up its gains at more than 9% so far this year. bob pa sanny has more. >> technology was the leading sector in the quarter, up 12%. tech-heavy naz nasdaq was up 12% as well. interday high 20 times in the first quarter alone. this is the most intertate highs in nasdaq in the first quarter since way back to 2000 when there were 22 daily intraday highs. 17 years ago. big tech, very large gains in market cap this year. the biggest of the big. the top four companies in the s&p 500 by market cap. they're all tech names now, all nasdaq, apple gained $145

billion in the first quarter. now as the market cap $753 billion. number two, alphabet gained $37 billion. now a market cap of $583 billion. amazon gained $66 billion, now has a market cap of $425 billion. don't forget, also in the top four, microsoft added $20 billion to bring its total market capitalization to $506 billion. the biggest gainers this year have been semiconductors, shifts into auto, internet of things. micron, broadcom, semiconductor, texas instruments have all gained double-digit gains. a modest down day for the market. new highs on tesla, for example, amazon, adobe and i-robot. we still get tech names on a down day. >> thank you, bob.

so, we talked about this before. tech does continue to exhibit qualities that are quite good in a market that may get choppy. >> well, think about this. think about what's moving. apple's 12% in triple qs. the question you have to ask yourself, there's a lot of people out there that were on the other side of this apple trade. some of this is seriously short covering. a lot of the big fellas that have been in the name, because you can get big capacity. >> you think people were short apple? >> judging by the sentiment going on going into the third and fourth quarter, no one thought this release would be anything. a lot of people thought this would be a massive disappointment. the sentiment around apple six months ago was absurdly bad. >> i would be shocked if it was a hedge fund short. >> i think they weren't involved -- >> yeah, i mean, that's what i'm getting at. >> there were inflows that felt they had to be -- >> nobody was out there saying the stock's got a 50% move in it. >> well, you know what?

here's one they got right. they stuck with the average price, average price -- >> well, they nailed it. >> yeah. how about right now? apple right now? >> still love it. one night we were going back and forth because i said one night it goes to 160. i think it's not just an apple story, it is the chips. it's also -- look at what oracle's done, what microsoft has done. everybody's pointing to, it's apples and the banks. i think it's much broader than that. i think tech has performed very, very well. >> d.p. mentioned last week, and mike cohen in december when it was $7, what are you laughing at? why are you laughing? >> go ahead. >> it's true. >> they're still rolling up and out. >> they've done pretty well. >> i think he's ridiculing guy's options lingo. >> i was talking about the puts and calls.

>> garrett filled in for him and he never came back. >> stay short this thing in the earnings a couple of weeks from now? i think the answer is no. >> well, the nasdaq keeps hitting record highs, the next guest sees a serious correction ahead in the charts. sven henrich to break it all down. walk us through this. and explain why you're seeing signs of a correction. >> well, when you look at market bottoms, you particularly want to look for positive divergences in the charts. when you look at tops which are not as quick as bottoms, but they are rather processes that take a while, you look for negative divergences. we're seeing it not only in the nasdaq but some of the major winners in the nasdaq that were just mentioned. if you look at the relative strength index, it actually made a lower high here, as nasdaq has made consecutive new highs.

that's pointing to weakness, and it's a reflect, to add to that the nasdaq has not corrected in any shape or form, ninth year up. in 2017 so far we've only had one down week. >> you're also kend about some of the individual charts with the largest components of the nasdaq. specifically citing apple, google, as well as facebook, but seeing weakening charts. this seems to diverge from the fundamental analysis in general in the markets for these particular stocks right now. what do you see in the charts that make you concerned about these three components? >> well, it is because it's all the time frames, really. whether it's daily, weekly, monthly or quarterly while we see other index charts actually moving to the down side. retail down on the year, 5%. energy is down 7%. so it's really -- you know, we went from a two-year period of the most hated bull market ever, to chasing every single dip in

the nasdaq. it's almost panic buying that we're seeing the particular stocks. and as a result of that, on the longer term charts, they're all very much disconnected to the upside. that opens up the risk for a larger move down. >> northman tee, a big fan as you know. where does the russell, iwm, technical technically, where do you think it breaks down from? >> well, you know, the recent lows that we had a couple of weeks ago, actually, that's to me a key level. you know, if you put that in conjunction with the volatility next to thing vix, we had two small events where the vix tagged the 200 m.a. with the vix closing above the dailey 200 day moving average, then we have at least a short-term correction. we'll determine whether we'll

see something much more significant in the market. >> would you short nasdaq here, sven? >> we're trying hard. especially on the nasdaq, yes. >> you're trying? meaning it's going against you right now? >> well, what we're doing, you know, this is our trade strategy, we're trying to short on spike ups, and put in flat stops. we'll see what happens. today we had a nice move down on the short-term basis. obviously, again, it comes back, the nasdaq is a beast, no doubt about it. >> all right. sven, thanks a lot for joining us. appreciate it. >> thanks for having me. >> the north man trader. live from london. you agree on the nasdaq -- >> the interesting part is sven did point out he needs to see the vix close above the 200-day. 200-day, i think around 1360, something like that. so it needs to have a move, and sustained move to stay above

that. then i'd be a bit more bearish. about you -- but we've not seen anything close to that. >> it seemed a benign day on a very busy week. a reason for people to lay back. small caps were down three times what the s&p was. i thought the negative investigations were interesting because that's exactly where we were in the fall of 2015 before we really took it to the cleaners in late year, in early january. >> i'm a big fan of north man trader. >> i know, i heard you. you said that two minutes ago. >> when i think of sven, i think of north man trader. we traded down 132 and change about a week or so ago. again, russell 130, iwt 160, both have held up so far. >> if you made profits in technology and worry there could be a correction as sven predicts, how do you protect your portfolio? >> it's not easy. >> you make it seem easy, dan.

and his shoes look really nice, too. >> we talked about the performance in the nasdaq, largely concentrated with three days. when you think about apple, amazon and facebook, that's a trillion and a half dollars worth of market capitalization. that's about a quarter of the nasdaq 100. so i think you want to focus on the nasdaq 100. if you have gains in some of the high flyers, they are sentiment leaders. by all means people are crowding in these things. maybe it's safety, i don't know. that's one of the reasons you may want to think about using the qqq as a way to hedge a portfolio of those stocks. one of the reasons why you might look to do a put protection strategy is that you have gains in the stocks. you're willing to pay a certain amount of premium to get some protection. the other one is the options prices are relatively low. we're talking about where the vix is. generally low on most large etfs. we make this point a lot when using long premium strategies, either on a directional basis or to protect gains, you want to do it tactically. you do not want to do this too

frequently because it could be a drag on performance. we've seen this consolidation here, not too bad. obviously there's no overhead resistance. last week's low, below that, you see a bit of an air pocket here. this is the breakout level from december and january. that's down to about 120. so here's the applied volatility of the qqq looking out 30 days or so. a little bit of a pop on a historical basis. still relatively low here. i'd say option prices are relatively low. here's the strategy, long these stocks, you want to slap on a little protection, look out to july expiration. that will catch a whole heck of a lot of geopolitical events, but also q1 earnings starting in a couple of weeks. you have the protection into the summer here. today when the qqq is trading here, paying $2.50. that breaks down at $129.50. gains of up to $9.50.

defining your risks to less than 2% of the underlying qqq price. that seems pretty fair. especially if you have the stocks up, apple up 24%, 578 a son up 20%, facebook up 20%. this is one way to hold on to them. >> do you like something like this? >> i certainly do. we talk about the protecting people. people are like, what do you mean? how do you protect? dan defined it very, very well there. people have to understand that dan is going out to july. that's what you need to do. you just don't go out a month or a couple of weeks or whatever. you need to go out two, three, four months, get yourself protection. it's low, the time to do it, and that's why you want to be around for a long time. >> check friday at 5:30. >> a must-watch. look at that. >> i'm tired of your sarcasm when it comes to -- >> no! president trump prepares to meet the president of china on thursday. what should investors expect? we will have a special report.

plus, some of the best performing stocks in the past month. are any of these high fliers worth the buy? e buy? predictable. e buy? the comfort in knowing where things are headed. because as we live longer... and markets continue t rise and fall... predictable is one thing you ne in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a w company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future.

we're going to stand up to china. we're going to stop the currency manipulation and product dumping which is killing us. and they don't follow the rules, and if they don't, we're going to institute tariffs. >> that was then candidate trump on the campaign trail last year, railing against china. it could be the elephant in the room as president trump meets chinese president xi jinping. kayla is at the white house. >> reporter: well, chinese officials told me in the past they put more stock in what a president says after the election versus what one would say on the campaign trail. understanding that you have to say different things to get elected than you actually pursue in office. to that end, there have been softening of policies that president trump has teen in his first hundred days. for instance, had e's acknowledged the one china policy and refrained naming the country a currency manipulator. but he has dug in his heels on some other policies.

for instance, pulling out of the transpacific partnership, pledging tough action on trade, and placing anti-missile defenses in south korea, and saying china has done little to help in the north korea situation. which is going to be key during this two-day summit later this week. markets are trying to figure out, though, how much is talk and how much portends action between these two countries. the two leaders' phone calls and letters illustrated a need for joist efforts for a constructive relationship. constructive being president xi's word. but his second in command went further on trade earlier this month. >> translator: we don't want to see a trade war breaking out between the two countries. that hurts both economies. the whole world is concerned about china-u.s. relations. china hopes that no matter what bumps this relationship may run into, we hope this relationship will hopefully forge in the right direction. >> reporter: of course,

membership in the world trade organization, melissa, does govern some of what the u.s. actually can do in pursuing more tough policies on trade. but to that end, president trump has said china has been abiding by the wto. that means that the market has been seeing this potential for a trade war as a specter looming out in the distance. and the question is whether it's fully priced in, or whether it would be something that would tip this rally going forward. melissa? >> kayla, thank you. indeed, a crucial test for the commander in chief this weekend. kayla was talking about a specter. is a specter for you as an international investor? >> absolutely. it's been interesting to see the style which has been to throw a very, you know, loud and very aggressive anti out there and pull back. does trump have an appropriate, or i should say, when he says

china is currency manipulator? i don't think so. i'm not sure this is something we didn't want and something we didn't perpetuate. when i think about this meeting, i think it's important the respect that's being paid to president xi. and i think this is a case where we haven't met with russia yet. we haven't met with a lot of the other world leaders. this is a formal summit that i think makes sense. >> the only thing he has kind of taken a step back on is the one china policy. that was after he was dpraptd a trademark in china that he sought for ten years. a couple of weeks later he comes out and said, i was just joking about that. that's the only policy he softened, the fact that he was -- >> there hasn't been any policy. >> that was a huge gaffe. when he was on the -- he took the call from the president of taiwan. >> i'm not sure that was a gaffe. i think that was premeditated. >> well, okay. >> he got his trademark, how is that. >> but the bottom line, it sounds like you are worried he will make a misstep for this

market. >> yeah. i mean, clearly. >> for more on this let's bring in kevin o'leery, a man who called the election months before trump's win. good to see you. you're also known as mr. wonderful, of course. >> by who? >> pause you are. >> oh, yeah. >> what can i do. >> what can you do. >> are you concerned about this particular meeting when it comes to where the markets are and how the markets react? >> first of all, i much prefer mar-a-lago meetings with trump. because he seems to be a better person when he's there. he's kinder, gentler. i'm glad it's occurring there. particularly with wilbur ross in the shadows, watching over this whole thing, that he's going to let a trade war break out. i want to make a point, though. if you're an investor internationally, pretty well every country beat us. the world is feeling good about what's going on. and really, letting the pes expand a little bit.

i don't care if you invested in switzerland, france, denmark, sweden, hong kong, everybody's ahead of us. putting money internationally in front of all this is nod a bad thing. pes are 15% cheaper. we're right up there in valuation. i like the international trade. ontl for me. everything xus. that's how i'm getting at it. but this negotiation, what i'm hoping happens is, let's take steel dumping. let's give president trump a bone and china says, okay, okay, no more dumping of steel. let us show our respect to wto rules we know we've been breaching, and getting in exchange for not getting into a trade war on just attacks. it would hurt the markets so badly to see b.a.t. come in here. that would hurt all the indexes. that's what i'm worried about, that this triggers a b.a.t. discussion, which i never liked. >> it seems it would be triggered by something else. now just the effort to get a tax

reform done in a revenue neutral fashion. i agree that the win on wto and anti-steel dumping, that could be a huge win for trump, particularly what he called his core -- >> that would work for him. steel dumping alone would give jobs. it spills into a b.a.t. discussion. what's going on there is you're pricing a new tax on all the incoming goods, including $5 sneakers. that all of a sudden cost you 30% more. that doesn't make any sense of the and strategically it will not work with mexico and canada. canada, for example, is responsible for 9.5 million jobs in 35 states in the u.s. $2 billion in trade in 35 states. you can't have b.a. tflt on automotive, lumber, xl pipeline. >> how do you improve the deficit? it's the nature of the two economies that leads us to this place. that's not going to change overnight. >> 3.5% gdp growth and it solves a lot of problems. if we can figure ow ho get back

up into the 3%, 3.5%, there would be a lot of great things happening. if we could just bump up the economy. >> that's the question, how do you get to 3.5%? if you can't get health care or -- >> you know, new capital doesn't come to north america these days because of taxes. that's stupid. you don't start a new business here. you just don't do it. canadians have the same problem. they're going to drop their rates as soon as they see what happens with trump. you go to eastern europe, ireland, do stuff in switzerland, you can torture a company to move into a different market just to save 15%. that's really what we're talking about. we're 15% too high. i don't care if we get to 20% or 28%, give me certainty and watch the market rock and grow. i've drunk the kool-aid with trump on this thing. let's get these corporate taxes -- >> that's not going to happen anytime soon, though. where we've come in the last month -- >> oh, ye of little faith.

>> you sound like trump, you say we're going to get there, but you don't have a plan to get there. there's a huge void in getting all the -- >> both sides like it. it was not like health care. i didn't like the health care outcome. that was a bad one. usually in a new administration you want to pick something you can win 100%. do the small deal first, say, i won this, now i'll take on something bigger. instead, we take on the big kahuna. i like the corporate taxes the next thing. watch the market rocket. >> you're invested mostly internationally? >> the only thing i did since we were last together is i sold off all my regional banks and 50% of my money center banks because i didn't like the fact that we weren't getting a tax. that put me up to 21% cash decision right now. i'm redeploying internationally now. i like the lower pes on the other sectors. and all the great markets. i think you're going to see the continuation of those international markets outperforming. you've got the first quarter nailed down.

i don't care where you vested. you beat the s&p. >> good to see you. >> thank you. >> mr. wonderful. >> mr. stud instead. >> my wife would love that. she would love that. >> but would she vouch for that? >> oh! this is a pg-rated show. give me a trade. >> we talked about the dax. i thought it was imperative it got above 12,500. very quietly deutsche bank down 2.5% today. and quickly, biggest currency manipulators on the planet the last ten years, has not been china. thank you, pete. >> we've been talking about the currency in the last two months than anybody. while the s&p moved sideways in the last month, quietly a number of stocks have been surging. we'll give you the names and how to play them. hey gary, what are you doing?

oh hey john, i'm connecting our brains so we can share our amazintrading knowledge. that a great idea, but whdon't you just go to so we can share our amthinrswim's chat rooms where you can share sttees, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain mmm, beberry? before you told face. tap into the kwled of other traders on thinkorswim. only at td ameritrade.

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you qualify for a multi-policy discount, saving you money on your car and home coverage. call for a free quote today. liberty stands with you™. liberty mutual insurance. welcome back to "fast money." now, it's pretty fair to say when it comes to markets, we're talking still waters these days. after all, over the last month, the s&p is down a whopping 1%.

pretty much stuck in a tight trading range, but that doesn't mean there haven't been real upside standouts in those waters. there are currently around 20 stocks in the index that have gained at least 6% during the course of that time span. on the retail side, take a look at both coach and best buy, up around 7% and 9% respectively. of course, we're seeing a little after-hours movement in coach, about a possible deal to buy kate. a beaten-down energy name that's seen upside volatility. chesapeake up around 11%. who's up for all you can eat soup and bread sticks at olive garden? it's up 11% as well. how about a tech company to round out the appetizer plate. micro devices up 19%. the winners, and traders are looking for where the next month winning slate will be. after all, april is one of the most bullish months of the year for stocks, guys. back over to you.

>> all right. dom chu, thank you very much. pete? >> yeah? >> of those, the menu of certain stocks -- >> you know, amd is an interesting one. >> my coach. >> yeah. as recently as last week, someone came in and sold an incredible number of puts to the upside and calls to the upside. and it's risk reversal. >> it's already moved in a massive way in terms of that trade alone. they're going out to april very short-term. there are names i still think have plenty of upside in the group. >> we were joking, because that was dan's -- >> no, you were really -- >> my mistake. >> a lot about -- how about another stock here? >> we were talking about chesapeake. i think if i'm going to be investing in the energy space, i

actually think the rebound we've seen is second quarter is better, eog. it's going to be the most operationally leveraged to an uptick in oil. >> i was going to say, give me the pipelines. kmi, terks p, all these various ticker symbols have been getting hit with up side buys. >> you're also upside buying? >> yep. >> can i have one? >> of course you can, dan. >> a crisp white shirt here. >> all the losses back from after the earnings. >> all right. up next, there's one biotech stock that guy says is a buy. is.

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anyone can dream. making it a reality is the hard part. from the-2 to the upcoming b-21, northrop grumm stealth bombers give america an advantage a turbulent world. and we're looking for a few dreamers to join us. final trade time. pete? >> more call buying in there today, i think this thing's ready to take off and go higher. >> last block, jpmorgan a about big pullback, time to get in the best of the breed. >> consider q 2. >> you're a heel fan? >> i'm wearing blue.

>> powder blue. >> mylan. at a certain point, just too damn cheap, like he said. >> watch your mouth. >> thanks for watching. see you back here tomorrow at 5:00. "mad money" with jim cramer 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. some people want to make friends, i'm just here to make you money. call me at 1-800-747-cnbc. look, we had an incredibly strong first quarter.