well maybe there will be premium pricing to get it faster. >> a hundred layoffs at imax as you mentioned, not benefiting from the trend >> that's right. >> ticket goeing this year michael, thank you so much for joining us today on "closing bell." we'll see you right here tomorrow "fast money" begins right now. "fast money" starts right now, live from the nasdaq market site our traders on the desk are pete, karen, dan and guy tonight on fast, energy stocks are having their best two-day stretch of the year. and there is one stock trader you see breaking out no matter what oil does. we're going to break it down plus, jeffrey is out as the ceo of general electric. and if history is any indication, that might be your sign to buy the stock. later, one retail stock is up 20% in june. we're going to give you the name and tell you why traders are piling in.

but first, we start with day two of the tech wreck. the first back-to-back sessions for the sector since brexit. all the familiar names, facebook, amazon, apple, netflix, alphabet. all closed well off the lows was the bounce convincing, and in a month from now will we look back and say today was a buying opportunity? pete, shall the fangs have lost $126 billion in just two days. >> which sounds like a monstrous number. >> is the worst over >> i would say this. when you look at what happened with volatility today, john called in earlier today on the halftime and was talking about the vxn. friday it was trading around 13. it got all the way up to about 18 today it got all the way up to 21 you know where it finished down 6% today. that tells me there was a turn and it happened right around halftime, right about noon to 1:00 we started to see volatility really starting to get --

>> hold on, lisa. >> they looked at alibaba, but you looked around at the faang names. some of them even finished in the positive not the faangs, but the nasdaq. >> we had cramer on the show at halftime, and he was saying, even this morning, at some point money managers are going to look at the sell-offs in these names. more than a third of the s&p sectors down from the 52-week highs, saying enough is enough this is too far too fast. >> they did it listen, all those names you just mentioned closed about 2% off their lows they had been flatlining for most of the afternoon. in the last hour of the day, or last 20 minutes of the day, one had the last leg up. it looked like a buy program there. there was about a half an hour panic this morning a follow-through from friday's devastation. i think it was for all intents and purposes orderly just because vix sold off hard interday, it doesn't mean we're done

think about this we had a pretty orderly move up. these stocks that we're talking about were up 30% on the year. mass of amounts of market cap. $100 billion market cap on the s&p? less than 40 or something like that when you think about it. that got clipped off in one day. no one was expects a crash go back to 2000, 2007, we never crashed off of highs it's got to be a bit of a process. i'm not going to say we're going to crash, but these stocks -- >> but don't you have to say, some of these names flipped positive i mean, i'm not talking just faang names, but the nasdaq in general. when you look at the videos of the world and my kricrons of th world, they finished off in positive territory maybe this thing -- it was quick. suddenly they jump right back up. >> i know there are a couple of other people on the panel here -- >> we're looking at the interday -- >> i think invidia is one of the

most inconsequential stocks here what's really important is apple, microsoft, facebook, google and amazon. they make up about 43% of the nasdaq 100 that's all that matters. >> i totally disagree, because everybody wants to say faang, faang, faang it was more than just a faang rally -- >> the five stocks accounted for a disproportionate amount of the gains. >> hello, karen. >> i'm long google, and long facebook you know, people are acting like these stocks owed us a straight line up. and to do anything other than that was sort of cheating on the shareholders well, it's not if you step back a little bit, you know, so, okay, it's been a big sell-off for two days. i think they performed the latter part of the afternoon, it was impressive the stories to me are still

intact are they exactly at fair value probably a little over, under, it doesn't matter to me. the story's still intact. >> do you think we've bottomed in these names >> maybe in the near term. nothing to me has changed the story that makes me say, i'm selling my facebook here, selling alphabet here, i don't believe in the underlying story. that's not the case. >> where are you going to get that kind of grill >> to answer the question from the top -- by the way, welcome back do we have you tomorrow, too >> you do. daily double. >> and the triple. >> listen, i don't know if today was -- i do know this. the lows today, the volume that we traded in all of these names we just discussed over the last two trading sessions has been enormous amazon made a lower low today than friday, i think you've got tradeable names in the bottom. if it helps you to make money, it is important to the market. >> what sign would you look for to help you answer the question

that i asked >> volume. let's put it this way. the volume was there today i would have loved to see apple close positive amazon close positive. netflix. but they didn't. that being said, they all traded big volume, they bounced off the lows they put in over the last two trading sessions we've had, unusual volume in all those names. if nothing else, the lows in all these names, xamazon which printed 927 on friday, i think gives you something to trade against on the long side. >> any of these names of the big ones that we're talking about attractive enough for any of you to buy today >> i bought micron today, based upon what we've seen over the last couple trading sessions dan knows it we've seen nothing but upside call buying in this name we actually started to see it in the second part of the day today, selling of premiums out there. when you go from the vxn trading at 20, 21 and going all the way back under 17, somebody came in in a big way and started selling

premiums in these names. i didn't see the put selling i would have liked to have seen. amd is another one of those names, upside call buying. it starts to tell you, you know what, people are putting a toe back in the water on some of these names. >> a little unofficial poll talking to people, bankers and this and that and whatever amazon is one i think -- it is the new apple from a sentiment standpoint everybody is looking for a spot to buy this name it's really interesting to me. this one to me, i've got to tell you, this morning, professor scott galloway, the guy is like a genius, he said that this is going to be the first trillion-dollar company. she's like, apple is at $800 billion. he said, yeah, this is going to be the first one it's overshot to the upside. nothing's changed from a fundamental standpoint, but i think this has down side to 850. that's your level to buy it. one day down is not to me the level to step in

>> with tech having its worst two-day stretch since last june, are there any tech bargain buys right now? carter is over at the plasma to break it down for us carter >> i think what's important independent of friday's action and follow-through, is why did it stop where it did just to put this in context, the number one performing stock in the s&p, one-year, two-year, three-year, five-year is invidia. top of an eight-year channel and right at the 2000 high not random those two things happen at the same time. here is june '09 to june 2017. if i were to put in a channel, which this has been ascending, what we see is a huge blowout. this 30%, 40% move above the top. well defined channel over the past eight years remember, a lot of people like

log charts if i were to switch it to log, then you have nonlinear, order of magnitude what's so amazing about this is it stopped literally to the penny. it has responded to this channel over and over and over and over, over the last eight years. so invidia gets to an all-time high, nasdaq the russell, this at the top of this channel, literally to within a penny, and then also this happened. the sector itself was finally back to break even so what we know is, monday, the 27th of 2000, we got within, look at these numbers, we got within one point here's the chart we literally touched the top so you think about that, number one stock in the s&p, gets to an all-time high and reverses just as you get to a 17-year high, and that eight-year channel. not random that all happens at one second so here's the really sad thing,

though break even after 17 1/2 years. but what about in real terms adjusted for inflation this is a disaster you're still down 30%. here's the chart way down here. pathetic this is going to be 25 years, just -- it shows how expensive that was there are stocks to buy, not the crowd ones under pressure, but something like this. this is a stock that's made no progress in about a year it has characteristics whether you draw them like this. you could say it looks quite great. here's another one steady, not steep, right not off to the races like so many big tech names. order orderly. looks like something of a range for which a breakout can take place. then a third, among others these are just three that i've selected here. what i would characterize as

bearish to bullish reversal, a stock that lagged, that has all the hallmarks of a bottom. they're not the popular hedge funds that all got murdered, but there's always something to do long despite the fact it's a difficult level the sector's reached. >> come on over here >> come on over. >> the point he makes is a good one. you get all the names on the marquee. everything in all the lights but there are plenty of names, it would seem, from what carter was talking about, that are worth your money right now >> that's why i literally, dan and i were going back and forth, i think that's why we focused so much on faang. there's been more in the market than just faang. you look at the big market caps. there's been more to it than just that. you just mentioned invidia while you were up at the board. >> if you're offensive or defensive, if you're being defensive you buy growth or you buy yield right? when you're being offensive you buy cyclicality.

industrials down, financials, energy. >> although in the last, let's say week -- >> there's been a little bit of sniffs of that going up there. >> the russell, or the industrials, transports, things like that. >> we've seen so many of these and they've been false hopes energy's tried and so forth. and industrials, obviously financials but really, i don't think there's life there >> guys? >> i might as wellmention it, trade is regional valuation, 11 1/2 times you've seen some upgrades. look at the recent lows over the last month, month and a half we talked about having a tradeable bottom, something to shoot against. in ads i think you have one over the lows we've seen in the last couple of months. >> let me ask you about your channel chart. the bottom part of the channel you touched the top. how far is the bottom part of the channel? >> you would keep living in that channel and then you get down to the bottom that sounds so incredible, because we don't get those anymore. that's what a garden variety

dip, pullback, correction, sell-off used to be. it's nothing we're at all-time highs. why can't you have a little excess in fact, if one's bullish, you want it to pull back if you're bearish you think the pullback's going to get a lot worse. you don't want to just keep going. >> if you have a blowoff top, if the whole nasdaq comes down and there's another air pocket yet to go, you're going to be hard pressed to convince people to buy the names that even carter says lines up from a technical standpoint i don't care what the channel shows you. the channel everybody has their eye on is lower. >> i think they both make good points there's great opportunities in all these sorts of things. i guess my point is, if the five or six names are going to have -- are going to be the ones that cause the move that he's talking about to the lower part of the channel, you don't want oracle or any of them because they're all going to go lower. to me, it goes back to some of the prior highs. people think march 2000 is the

highs. it almost made a new high a few weeks later. what i'm saying is, you expect a certain amount of volatility at near term tops or mega tops. to me, this could be the first leg. >> in principle, if you worry about markets, you don't expose any capital. there are people mandated to be intact as a manager and find something that are fully invested if you're forced to do it, you're better 06 than chasing in >> kramer was talking about it earlier today as stocks to really watch not necessarily just the amazons or facebooks or apples or googles or netflix. >> investing and trading are two different things i think we all agree on that for me, i don't know if this is the last leg of the tech rally and we're on the verge of something bigger i know a lot of these stocks gave you opportunities to have the risk/reward from the long side that you haven't seen in quite some time. >> coming up, carter, thank you.

>> thank you. >> retail stock surging up 30% in the month of june we'll tell you the name and what's behind that move. plus, after 16 years as ceo, jeffrey imelt is heading out the door nelson coming. mcdonald's and snap teaming up much more fast straight ahead. i am benedict arnold, the infamous traitor. and i know a thing or two about trading. so i trade with e*trade, where true traders trade on a trademarked trade platform that has all the... get off the computer traitor! i won't. (cannon sound)

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the most on demand, your entire dvr, top networks, and live sports on the go. included with xfinity tv. xfinity the future of awesome. welcome back to "fast money. under armour jumping 26% today it's been on a stealth rally in the month of june, up 20%. is this something to believe in, in a stock that got absolutely obliterated? >> i think so. it got cut in half let's go flash back to last june what did we have we had the warriors meltdown steph's their guy, right the spieth meltdown the couple weeks before in the masters, that sort of thing they lost their mojo now it's got high shortage, all these gaps it looked like the news float couldn't get any worse here's the thing this is a company that -- you

know what, less than 20% of their sales are from overseas. if you go back and look when nike had $5 billion in sales the growth that they had as they started expanding geographically i would not count this company out by any means i think people are waiting for it to get washed out somewhere in the teens, maybe one more downgrade to guidance, that sort of thing but i think that may be it for a bit. >> they made this massive push to the shoe world, and they are getting destroyed. they're getting destroyed by adidas and nike. they have to get over that hump. >> they're coming from such a low base. >> they are coming from a low base we know kevin plank is a guy who's going to attack. he will continue to attack i think he's got to spend so much money right now, scott, i feel like this is one of those companies that ever since that -- as soon as we heard the news things were starting to slow down for them, there's nothing wrong with the company, but as they try to grow and get themselves accelerated once again, it's going to take time i think you can be in a lot of other names right now other than that name for the future, until about a year or two from now.

>> maybe dan's right about the curry thing. when golden state lost -- >> yes. >> -- curry was the hottest thing going for under armour, and carrying the weight and then some for its shoe business and growth so they lose and they also come out with a shoe that got panned >> right that's bigger problems. >> the chef. but then they're back. the shoes seem to look good. people are buying them oh, by the way, they're probably going to win the nba championship, i'm sorry for all you caps fans out there. >> you're right. >> history's on their side, up 3-1. as long as you don't look at last year. >> you'd think it's still in -- valuation-wise, an expensive stock that's not growing nearly as well as it did three or four years ago. if you ask me which way i'm leaning, it's in the pedro camp right now. >> double-digit growth for some 20-odd straight quarters and they got rewarded for it i'm sorry, above 20% growth for

something like 20-some-odd straight quarters. then they fall off of that once. but they're still high teens and everybody acted like the sky was falling. >> it's such a rich multiple you need to not just meet, you need to exceed when you go under, the earnings get crushed, the multiple gets crushed. so i agree with pete it will take a little time >> big impact on it. >> you add all the other noise, the trump, the fight with curry, and plank over the trump letter, things like that >> right starbucks, a different story for this stock closed at an all-time high on june 2nd it's down more than 5% in that time do you buy the starbucks slide or is this stock heading even lower? guy? >> here's where pete and i disagree a few months ago when this was a $57 stock, we talked about this on the desk that there is a very good chance that starbucks will make an all-time high by the

middle of spring when mr. schultz steps down the problem s it's traded really poorly since, quickly down to $61.25 is it expensive on valuation basically stopped where we topped out at 2015 26 times forward earnings, it's cheap. i like the story still but does it give you an opportunity at 58 bucks. i think it does. so this is how i would trade it. i would wait for 58 or break it out at above 65. >> love the name i think one of the ways you can get there, in case we don't get down to the 58 numbers, we had seen people coming in and actually selling puts. we were looking for it in the nasdaq today, we saw the volatility come in starbucks, great opportunity people were selling down side puts meaning if the stock does break down, you'll be owning that stock. as long as people know what that means, they know what the risks to doing stuff like that it's a great opportunity higher volatility right now, you're getting a little more

premium than you normally would, and it gives you a chance to buy the stock. >> how many points does schultz count for in this story do you think? >> we've had the debate about disney and iger. >> i think the other -- well, i think -- >> are you worried at all? >> he accounts for a lot i would fire back with, has he really stepped down. he's there every day he's going to be involved. i know that they say he's off on the premium side of the coffee business for them. but isn't he really still there? >> when you see the interviews so far, he seems to always be there. >> i know. people suggest he could literally run for president. >> that's a few years out. >> if he does that -- not that far away if he does that, he'll not be worried about your triple venting latte. >> you know, the new president's demonstrated that, right >> what? still ahead, energy stocks are coming back on their best two-day streak of the year are the traders buying that bounce in the meantime, here's what else is coming up on fast.

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welcome back to "fast money. we're live at the nasdaq market

site tech getting hit again today posting the biggest two-day slide since brexit here's what else is coming up in the second half of the show. energy has been surging. that sector posting its best two-day move of 2017 our traders are going to weigh in plus, mcdonald's teaming up with snapchat to hire thousands of new employees this summer. could it be the reason to give the battered social giant a second look? but first, ml is out and ge shares are up voicing concerns about ge's direction and leadership if history is any indication, now might be the time to buy general electric hey, leslie. >> just the prevalence of an activist makes ceo turnover more likely, according to a recent study by fti consulting. the report looked at 300 activist campaigns between 2012

and 2015 and found that ceos were three times more likely to be replaced within a year after an activist received a board seat even when an activist is engaged but without a board seat as was the case with ge the ceo is twice as likely to be replaced within the same amount of time. now, to be clear, there's no public indication that pelts wanted imelt to step down. the succession planning has been in the work since 2011 the market likes to see management change at least in this case. ge stock price gained more than 3.5% after the announcement, enriching trian substantially. turnover after an activist approach has been a boon for some stocks. look at darden, up more than 90% since gene lee was appointed interim ceo. and later made permanent ceo the same for microsoft in february 2014.

that stock is now up more than 80% than it was the day nodela's role was announced both stocks wildly outperformed over their corresponding period. not all are slam dunks proctor oier & gamble in 2014, stock has gained only half that of the broader s&p 500 lasley stepped down in 2015. now procter & gamble faces a new activist in triant, scott. >> pete, what do you do with ge, knowing now that imelt is out and pelts is still in? >> right well, i'm very encouraged that pelts is still in. this is one of these names -- you know, i felt bad i actually think jeffrey is a wonderful person i've gotten to know him over the last couple of years but in terms of what he's accomplished in 16 years at ge, it's frustrating for a lot of people. >> do you think the ge is the

worst performing down component compared to down like 20%? the you to is up 120% over that period. >> there have been other massive companies, because a lot of people would like to say, ge is this incredible conglomerate we've seen it with others. i think that's the problem that's the frustration i think the board was seeing this as well pelts obviously was seeing this. look, if it worked over at microsoft, an insider placed up in there, i think ge -- i actually bought it today i actually think this is one of these names that i think for the long term will likely hold as long as they are able to transition properly. >> what do you guys think? karen? >> i think it's interesting. i like that there's an activist there, although it's such an enormous company i don't think he's going to have much sway i do believe the idea of the succession plan was already in a place. a company like ge, you would think that they would -- but i agree with pete. i think that it's interesting here, you're not buying it up huge

it moved nicely today, but not that much. still has a good yield. >> ge moving 3% in a day is huge >> yeah, but -- >> relative to what it normally does. >> normally it goes down every day, i guess, right? this is something new. but i do think it's interesting here obviously they got a lot of assets there is the ability to cut costs here even a little bit of improvement there. it's not a huge multiple i think it's interesting here. >> guy >> the problems are still real they zig when they should have zagged a couple of times got out of the capital at probably the low point and into energy when it's high. >> everybody raved about it when they did the deal. who knew it was the top of that particular cycle. >> i'm not saying i knew i'm just pointing out what happened in retrospect overlay a company like honeywell who's been crushing it over the same ten-year. i don't think the down side is huge here, 26 1/2 or so. so i think the risk/reward sets

up well. i think after today, honeywell is still a better company. >> i think it was a pretty classic move on imelt's part about 100,000 shares of stock in the last year, okay? he's articulated their strategy, and how they're transitioning and moving towards a new world, and how technology is affectinging industrial companies. he owns $75 million worth of stock. he probably said, it's not in the shareholders' benefit, to the board's benefit, to the employees' benefit and he moved out of the way i think it's a pretty classy move. >> you have options activities in the name? >> yeah. options activity >> are you going up? >> let me go to the plasma and break it down here >> is that a segway or a segway? >> four times average today, that was three times that of puts one trader looked to be positioned for some short-term movement one of the reasons why i would say that is there was activity in the june 30th quarterly call. today when the stock was trading $28.85, a seller of 18,000 of the june 30th quarterly, 28

calls at 91 cents to close they rolled those out to the june 30th quarterly 29 calls, paying 31 cents to open those break-in at 29 .31 in the next couple of weeks. here is the ten-year chart we obviously saw the thing, it went all the way down to the single digits in the financial crisis like guy said, they were kind of zigging when they should have been zagging they're in the up trend for the better part of the last eight years. this recent gap here on that poor earnings results a couple of months ago put it below this uptrend excluding the 2015 sort of move. so the stock's performance has been a disaster. here's the 20-year chart here's the 2000 highs. it held that trend, that was 2007 it had just gotten back.

i know people thought they were out of the woods here. there is room to the down side to the mid to low 20s here on continued disappointing results if that happens. listen, you've got to expect the new ceo is going to kitchen sink the rest of the year here. it's got a 3.2% dividend yield it's got this activist involved. i think there's decent valuation support in the mid-20s. >> everybody knows that more optio"options action" on friday0 p.m. eastern time. pete, i'll get a comment from you before we leave this segment. >> we were talking about this earlier, the idea that somebody had so much profits in such a short period of time with that initial trade when they were buying into this, all of a sudden they're going out and they want to stay with the trade, that was encouraging enough for me. i looked at the volumes today as well absolutely massive volumes in the stock today. i think this is an opportunity going forward. do i think i'm buying the bottom absolutely not but if it starts to drift down to the levels you guys are

talking about, i will add to this position. as long as the ceo is focused, i think this is a stock that can actually return to where they were >> even if there's a cash flow issue? that was the most startling on the most recent earnings period. >> whether you want to call it six or eight major business that is they're involved with, they've got to reduce that and be much more focused in this market. crude taking the energy sector down with it. a handful of oil names have bucked that trend. we'll give you the details coming up. video game stocks surging this year a key event this week could give them an even bigger boost. ju h hstowigh they could go, when "fast money" returns. i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series.

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welcome back to "fast money. despite being the worst performing sector of the year, energy stocks are surging for the second straight day. there are a couple of names that have shown surprising resilience dom chu is here with the details. >> scott, as we talk about this mini rotation for stocks that's going on, we know that tech has been getting hit but one of the two sectors we're seeing at least a little bit of pickup in activity are financials and energy for sure now, only over the last week or

so we've had a nice move higher in some of these energy sector stocks overall but of course, when you talk about the pair overall, a 20% discrepancy on a year-to-day basis. but you take a look at some of the outperformers, if you want to call them that, the ones that haven't lost you as much money as the energy sector, the ones that have been positive overall. look at some of these names. refiners are always in the mix names like tsoros, and a couple of exploration companies, cabbot oil and gas only down 3% exxon mobil and chevron down 8%, just about in line so you're a sector perform away from some of these smaller exploration and production names. to put a point on this here. we talked about the stocks and energy that trade more in tandem with oil we asked the partners over at kenshow to show the trading relationships between oil prices and some of the big energy names. turns out these are three of the stocks that trade the closest or

tightest alongside oil murphy oil, .71, the correlation co-efficient, the higher the number here, guys, the more it trades with oil. marathon devon as well. take a look at some of those stocks if you're looking for a more levered or at least some way to play oil on these stock sides. >> the space so tough, though. because you just don't know when oil's going to break out of the range that it's been in. >> it's not just that, if you take a look at the baker hughes count, 21 straight weeks they've increased active rigs in the united states, that's a record stretch here so even if you have production issues perhaps coming out on the supply side, opec companies like saudi arabia, you still have u.s. fraccers continuing to drill, continuing to pump. you wonder how much of the counterbalance will be at least in the supply-and-demand side going forward. some traders think if there's a pop in oil, you see a bit of a ceiling on it at least in recent term because of production. >> dom chu, thank you.

at the smart board that's what you call it now, right? >> no, we changed the name maybe the moose up front should have told you. it's called the plasma >> did he say sumptuous when he described the oil trade? was that the only word that -- >> i'm not sure i would use that to describe the trading environment. but what i would say is, we've said for a long time -- >> give us a word. >> hot shot. >> how about this. opportunistic. is that a better word? >> how about drilling down >> how about drilling down in the energy sector. how about exxon mobil had a good couple of days when exxon turns before crude does, that may be the sign you know what, that's what we're seeing now maybe xom, finally after six months, might get you down here. >> it's hard to -- we have the u.s. environment -- >> treacherous, would that be a word. >> that's an excellent word as a matter of fact you have saudi ramco, and do

they want to have a floor under oil until they do their offering i think they probably do i like the services space. i actually do think that baker hughes deal is interesting >> sumptuous, opportunistic, treacherous. do you have a word >> i don't know. >> come on. >> i love these liquid assets. >> i asked for one word, you give me like five. >> i know. >> i think you're right on the services i think there are some more interesting than the bigger names. if you want a play in energy right now, the only way to be involved is play in there. it is the most difficult investment you can put in. if you're going to play in there, i think there are trades outside of the big names that most everybody's talking about. >> can you tweet us at fast money and describe how you see the oil sector >> i like that >> set up a poll. >> i'll read a couple of them before we get out of here. >> i'm curious, when the dollar started to rally in 2014, that's

when oil started to crater it got caught out from the highs at that point. when you look at the tight range in which crude is trading, it really doesn't have any upward bid. that tells me that the oil trade is not going anywhere. i just don't see it. >> i've got a word for you correlated. >> from our data partners, they were tracking correlations but look, i think if you want to look at the s&p, energy, etf, xle, almost 50% of that exxon, chevron, schlumberger. call spreads make a contrarian bet. >> that chart looks like a disaster. mcdonald's teaming up with snapchat to recruit 250,000 new employees this year. video game stocks, one of the hottest trades of the year they could get an even bigger boost as the biggest gaming event of the year gets under

way. we'll tell you what to expect. you're watching "fast money" on cnbc, first in business worldwide. i love how usaa gives me the peace of mind and the security just like the marines did. at one point, i did change to a different company with car insurance, and i was not happy with the customer service. we have switched back over and we feel like we're back home now.

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help along the fryers this company. it's turning to social media for the help in hiring. >> scott, so if you're looking for a summer job, mcdonald's is hiring they're teaming up with snapchat to hire 250,000 across the u.s they are hiring more people this summer than they were last summer now, you're probably wondering why snapchat according to mcdonald's, more than half of the hires are expected to be the age between 16 to 24 84% of which use snapchat daily. mcdonald's actually tested this idea down under in australia, and it worked well so they brought the snapplications process right here to the u.s. that's their term, not mine. starting tomorrow, you can go to mcdonald's on senate chat. and after watching a ten-second video ad, swipe up to check out the company's career page with the local positions that are available. this is online with a new digital trend taking place in restaurants. the golden arches is also

targeting a nationwide rollout in pay by year's end, and quickly to get delivery up and running to more locations, targeting 3,000 by the end of this month adopting technology is deciding the winners and the losers in a very competitive restaurant environment. mcdonald's, domino's, panera, starbucks have all been rewarded for their technology integration. >> susan, thank you so much. we can trade both of these names. mcdonald's has had an incredible run. >> he's been all over that >> i'll say this >> it wasn't that long ago the stock was in the 90s you don't have to go far for that >> probably nine months ago, maybe a little longer than that. now it's $148. dan will say, probably correctly so by the way that the stock is expensive. but under mr. easterbrook's leadership, thestock has found its mojo i think there's upside the stock the last couple of

days has not traded well, though >> what about snap >> so here's the deal. >> this is a company that didn't -- a little more than a year ago, okay they're expected to have a billion, or two years ago they had no sales look at the deal like this they're going to a company like mcdonald's and saying, we're going to help you hire we have 160 million daily active users. this is where you want to hire from this is kind of a model. this is if you want to go to these young -- the kids today, this is how you reach them i have to snap my kids just to get in touch with them. >> a year ago they didn't have any revenues, it doesn't mean this market cap is right. >> i don't know, 21, 22, 17 or whatever in the history of the stock market, or at least in technology stocks, i don't remember the print five days after the ipo is being done and dusted at the end of the story it makes sense to take a step back -- >> but you wouldn't buy snap. >> i think we should wait. >> could be in the single digits in my opinion. >> really?

>> i think it could hit the single digits. you probably saw it today as well, there was put buying in snap today >> how far out >> going several months out. and looking at the eight strike put, somebody was buying those today in snap. that doesn't mean anything necessarily, but it gives you a little bit of a sense of what people are thinking right now. and when you look at what you guys are talking about, the lockup, we already know the earnings that was a disaster on the first report you start to look at the lockup. there could be very serious pressure on the stock. >> let's stick with the youfrt and video game stock trade all on a tear in 2017. the gains right there. could get even hotter with the biggest gaming event of the year getting under way. julia boorstin in los angeles with a look at what to expect. julia? >> reporter: scott, i'm here at ea play where they're demoing their latest experiences for tens of thousands of fans. with ea shares up around 40%,

just this year, growing digital revenue, the company's been shifting its approach to constantly update games. while providing new opportunities for gamers to spend money. ea is doubling down on east force to keep gamers engaged. >> we've run great tournaments this past year with madden we also have one of the biggest announcements in this show, that we're bringing it to battlefield. we're bringing new maps. a whole east sports component to the game we think it will be a meaningful thing for us. >> reporter: and microsoft unveiled its new console, called xbox 1x. it costs $499. $100 more than sony's comparable cs 4 pro it has higher definition graphics microsoft games tells us the price is worth it. >> our vision really is to kind of jump to the next generation of 4k gaming what we have with xbox is the best choice for a gamer.

if you want the ultimate, the best in gaming, the most powerful console, you want this. true 4k gaming the only way to play that is xbox 1. >> reporter: and betting on mixer to make e sports interactive. microsoft's rival, sony, hosts its presentation tonight not expected to unveil any new hardware, but we'll see what updates it announces to the ps-4 back over to you. >> julia boorstin for us what do you think about these stocks >> electronic, home run. >> the stock sold off a little bit. 22 times forward earnings. they probably have close to 18 times eps growth rate. plus they're moving to digital the margins there have been ridiculous there's another word to throw in your little dictionary there i still think it goes higher. >> you know, there's been a lot of speculation about disney and netflix. esports may be one of the biggest threats to disney, when

you think about it i think there was a wall street journal article saying by 2020, there will be 88 million viewers of e-sports, a year in the u.s. and about 500 million globally this is a huge trend kind of under the radar. we don't talk about it a whole heck of a lot. this is what the kids are doing now. >> some like sports team owners are investing big-time in these sports >> la decky guy that owns the islanders, i bet you he's playing video games right now. >> they're putting teams together, charging ticket prices are you into it? >> no, it's not for me but, you know, it's not my thing. it's been an extraordinarily place to make money. the problem with going with somebody like microsoft, it's the tiny part of the business. >> up next, final trades [vo] when it comes to investing, looking from a fresh perspective can make all the difference.

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i also got doomed, seren dip tous and valueless pete first. >> like them all micron technology. >> ge. >> xls, sell it. >> guy. >> amd gets it done, judge. >> i'm scott wapner.