equinex is up there. >> the real estate play, i wonder if this will make a very important announcement, eric. >> quick shots, they are heading, the women's a lacrosse team, final four stiefls. they've had the best season in the program's history. we are so proud of you. we chewill be cheering you on i general. "fast money" starts right now. >> live from the nasdaq markets overlooking new york city's prime square, i'm little lisa lee, tim seymour, karen finerman, guy adami are in the chair. where is it heading next? steve grasso breaks down the levels to watch. gold is chiny. he'll explain why it's so bullish. you don't have to be a prime peb. that's little later on in the show. first on a they sa saw another

record for the s&p. we saw what we are calling the dash for trash, a number of beaten down stocks are soaring this month. 3d printer statysis is up. solar 28%. another 3d systems is up a whopping 39%. are these left for dead names a price to find value in this market with stocks that have record highs? >> a lot of these stocks have had huge runs, home depot, honeywell, tim and i would disagree on. i think they're reasonably developed. i don't think it signifies anything other than the fact people are scared to be in these names that have done so well so long. they are looking for stocks that are under valued. i'm of the belief stocks under value for a good reason. that's an entirely different conversation. >> we have a discussion about

whether or not you ride the dogs, the laggers, that sort of notion. this goes all the way down deep into that. >> kennel. >> i wouldn't buy 3d printing with steve's money. >> exactly. i think, my view is we are in an environment where value is consumed by real companies. i look at delta, the banks, even at macy's, which is going through a very difficult time. it gets to a point it matters with a great balance sheet, that's what's going on here, i think the market is questions whether there is global growth, it remines me of other periods in the mark, where we had that rotation from trek and growth. >> and trailing. >> i'm not so sure, if you look at the shortage, they're variable on shortages, a driple d is a story that's getting traction.

>> you would tattoo with your mo in. >> i would tattoo with my money. >> the whole business plan is changing. i this i the companies have zbroen more efishlt. industrials are being able to stack less things on their shelves. they're working with different materials and there is alsos that mna premium. i know that's been around for a while. >> since the inception. >> exactly. >> you see hewlett packard doing better. maybe you start to see somebody go out and say, things are looking better, technology is looking better, maybe 3d has a future. >> let's move that pile of trash we talked about on the conference all. the one i wouldn't have looked at etcy. -- etsee. so. i don't think. it's novembered moved from where they bought it. anything they take a position to get 15% out of the company. i think they see more value there, i don't think how aggressive they will be. >> that is sort of interesting

to me zplchlt just because a highly accomplished equity firm is going after this, doesn't it imply they are reaching? >> it could, yes. it could i would think they have a ton of money to work. i got a name for you. what happens every march that you never watch? >> madness. >> what was tim's first pick way back when? >> a "fast money" match? >> no, jim cramer, timer, the whole thing. >> vallient owe n-- you don't se headlines, a lot of people are saying maybe bosch & lomb is more than the debt of the whole

company. valeant. i get it. this stock has been groomed for a while f. you are willing to rick 25-to-30% of the down side this could be a double. >> that by the way puts you on the top of the board. >> the osmosis threw me off the "fast money." >> why, if you lad your daughter, you said you'd try i to sell this one. >> i think the sum of the parts, they are not forced to di vest. it's a free cash flow business, they're slowly at a lower revenue environment, they're fighting off right now they actually had at least some fear that they might have, 18, 19 bucks. it's a way off. >> the big thing is they pushed out their debt load. there was a the interesting thing. people thought they were going out of business this year. >> they might.

but it could be three years out. >> the equity is an option. it is a small sliver of equity under a giant mountain of death. there is time on this option. it's great, it's very volatile, which it is, i'm long valeant. >> now i like lock in my game l dpaecl. >> what i said i like to buy other people's problems. i didn't own valeant on the way down. i'm buying a lot. that's a problem, thank you, too. you are buy tag joke book. you got a place here i'm stem e stepping in analyzing the modem. is macy's a fame you want to own? >> no. >> it's interesting to me. >> you on macy's now in. >> i don't own it now. i have had macy's for a long time. i lost a fair amount of money a

couple months ago, i don't know, the balance sheet is not in great shape. there is nothing imminent. i like that. >> the assets. they have asset value. they do. they are trying to monetize it. just the model, it's so difficult right now. it's just for me psychologically, i've lost enough money. in that name. >> trashy, big cap names have pushed the s&p to record highs. so now what? well, steve grasso will head over to the plaza. >> we talk about this 2400 level on the s&p cash the more time you ping at a resistance level the weaker it gets or the stronger it gets. it locks like it's weakened up here. if you look, this is the level we have been banging off against. we break out, we come down to this low. you need a high and you need a low to sort of trade off of

those retracement levels. in this one, you don't have, we're in uncharted territory. so this one you have to do overshoot levels. so the first overshoot level that you have to contend with is 2419. we close around 2415 in the s&p cash. the negligent one that you ne-- need to go to is 2451, let's talk numbers, 2450 is the level we vacuum up to. because this level has been so hard to beat that it creates such a lever annual point, once you take out that level you create an updraft. this is where i think we're going. >> the vacuum, i don't get that, especially for a market moving sideways, i'm half italian, that doesn't make sense to me the bread -- >> hey, you don't like them, why don't you go -- chart yourself. >> i'll go chart myself. >> bring it on. >> all right. here i go. >> so, first of all,

[ music playing ] >> the thing you want to do here is draw this, a big clone nose. a something i smiley thais face this to me is trash. steve makes a valid point of where we traded in here, to me, what i care and said about the last i think month or so is that people have underestimated short-term volatility. they had long term be something they hadn't been wanting to take on. few look at the trends here, this is ultimately something that has been helped. they didn't get to 2419. more importantly, don't overtrade this thing. to me, i'm not worried about this. until we get down to 2,300. which is where we started to test back in march. >> that may be ultimately your point, steve. >> sure. >> i absolutely see a market that's been struggling here. the tone of our conversation tonight is that this market is doing really almost nothing. i think there is very little callous with earnings season ahead of us. >> true. if you knew anything about

technic technicals, the longer the base, guy, what does it say? >> the higher in space. >> you ping here, you ping here. now it's like a coil spring. yes, can we trade down, sure, we had options expiration last week. a lot of that outstanding volume was at the 2400 level. once you take down that level, it's an upward draft. that's where my premise is based on. >> with all due respect, god rest his soul. >> these are the two things before you are back to insult someone. this is a market with a great earnings season with a dollar plummeting is going sideways. i talk about this all the time the breadth is nowhere, if you want to find reasons to say the market is higher, great. here i am trying to chart and give you a mull analysis and tell you this is a market that goes sideways. >> i'm not sure who is charting, both trips are equally ugly. >> hey. >> ah. >> you might be familiar, 1170

was the year. my thieves is the market doesn't give you this long to sell the high. we have been here a few months, which means in my world, markets go higher. i don't know if they say that. that's how i look at it. >> gentleman, coming up, beauty stocks returns this year, what do these names say in vogue? you are smart, you bought amazon, we will tell you how to buy production for free. >> that ain't on am zorn, is something happening in the market that could be a major warning sign? we will tell you what it is. much more "fast money" right after this.

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ul that h-- ulta has done a goo. coty has some positive momentum. they can pay it off. that's a turbo charged one. if i had to pick one, i would go with ulta even though it is expensive. >> you watch things very closely. >> i do. slowly, once a week, what can i coal you? i think you have a case, estee lauder says they are growing even with accident store closers. that's a name i want to own. is torically, it's a 50% premium to the s&p. which means, i don't think it's totally expensive here. one a total dud is avon i've ridden the roller coaster on this, this stock is down in the last few months. it made a miraculous recovery there. next up, hertz hitting the

lowest level going back to march 2009 the car rental company under pressure, hitting into a long trouble weekend ahead of the shareholder meeting next week. grasso. >> if you look at hertz and the counterpart avis. they have two totally different sectors and spaces, they have debt mature at this timitys coming upon them quickly. avis has a little more time to breathe. they are buying a 20% hurt right now. i would go with avis over hertz. >> aha, every bad buy is a car rental industry. >> it's not just a head thing, there are ultimate head winds, they're not going away any time soon. they haven't adapted to. we talked in agreement can you short the stock? it's probably difficult to do. >> it is. >> i won't say what it takes. there is a good chance it goes. >> it could. you look eigat it.

it has a mountain of debt. have you used car prices going down and other debt as well and the uber, when i go to l.a., i no longer rent a car. that's been a big factor. you do have carl there. we call him by the first name, a friend of the show, so there he is. he's there. it wouldn't be so shocking to one day wake up and see him make a bid for hertz. >> that wouldn't be shocking. i won be shorted. >> 45% short. >> that seems a lot. >> why would carl want to make a bid? >> the sport. >> when he was in herbalife, you saw what he was doing. more because of the other side of the trade, which is bill ackman. for this, what is it? >> it's not a lot of money, though, literally. >> is only 800.

it's not a lot of money for. . if there is a debt problem. i struggle upon this, to impute this on the auto sector i think is wrong we we heard from ford, we talked about this two days ago, i think there are mobility plays to go to the big three for. i think these three will be able to play a space. why shouldn't they? back to gm, it's not a hertz story. i would underline that. >> you are in gm as well. >> the dow is still going. still ahead, amazon is on fire, you are probably rolling in the dough from amazon. we will tell you how to get profits for free. in the meantime, here's what else is coming up on "fast." ♪ i'm on the boat ♪ i'm on the boat ♪ everybody looking good, i'm

sailing on the boat ♪ >> and you are not alone. from a surprising development, millennials can't get enough of avocados and boats. we'll tell you how to cash in. plus ♪ it's the zone, baby >> there is something in the charts that says now is the time to buy. we'll tell you what that is when "fast money" returns. ♪ it's not just a car, it's your daily treat. ♪ go ahead, spoil yourself. the es and es hybrid.

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>> welcome back to "fast money". as summer is on its way, they are making a splash, boat sales hit a high water mark. >> oh my god. >> you did that. >> millennial buyers are not biting. landened z landon dowdy is doing business if florida for us. >> reporter: these boats are packed. in fact, we seen them turn boats away. >> that could be because boat sales are at a post-session high. they are having a hard time reeling in millenials. first time boat buyers account for a third of all boat sales, that's up 20% since 2005. we went to a manufacturing plant here in florida. they say it's all about the

technology and being connected to lure in that younger generation, features like blu tooth and and a half fashion system and docking that's more like a videogame controller thanks, to the help of a joy stick. what about the cash strapped millennials, they tell me these boat sharing programs are great for milleniales, they get a taste of the experience. they say they've seen strong demand in that segment. when they actually surprise you, they say the majority of boat buyers are actually families of a household income of $100,000 or less the most popular is the 142 outrage. i got to take this out for a spin. the technology is incredible. i'm working on experience here. so far, so good. >> so you are driving that boat, landon?

>> reporter: i am, i'm multitaking. >> look at the boats. there is a swimming chart. >> she is actually moving everything is moving behind her. the green screen. >> reporter: hold on, hold on, no hands, mom. so they wouldn't let me drive the 72-foot yacht, unfortunately. probably for the best. probably for the best. >> there is no shout of that happening right now. landon, thank you. >> thanks, have a freight weekend. >> what a terrible gig. >> we were gaining for the long haul, the weekend. >> pontoon boat. do they hold down jobs? how are they getting boats? >> it's friday. >> anyway, let's stay on the high seas before you set sail this weekend, a holiday weekend. we have more stocks that will float your boat. these are rung higher in the

coming months, captain seymour. >> yes. when i think, i think banc of america in 2004, ultimately at a time when they were soaking up banks. i think they're ready for turf, once again, bank of america is the stock i'm picking as my fleet week. >> you sure you are picking that one? >> oh, yeah. >> by the way, we are playing love boat music for anybody who might be too young. >> to me nothing says love boat more than that natural gas. >> store mlp, i like the glng

story. happy memorial day and thank you for your service. >> absolutely. >> good words. >> ingersoll-rand, they recently bought train, it's up 20%. i think this chart looks constructive. ir is there what was wrong with julily the cruise director? >> julie is the cruise director on the show and off. >> she has quite a party life. >> ted lavrpg was quite the party tender. >> how do you are you drinkingpy pina colada's? >> remember a year ago, a great

interview. look at it now. none of this valuation. now look what's happening. now there are people saying they might buy the cruise line, mna kicker too boot. happy memorial day. >> happy memorial day, erica. >> oh, yeah. >> more "options action" right after this break.

>> hey there, live at the nasdaq markets by kicking off the holiday weekend. that's up on tuesday, here's what's coming up in the show. >> money will always be paper, but gold will always be gold. >> and there is something in the charts that suggest now is the time to buy it. we'll explain. plus, how would you like to protect your profits at ammonson for nothing? >> nothing? >> yeah, that's right, nothing. we'll break it down and