>> hasn't been above high water marks. >> he may not have any assets left by the time he's right. >> the timing is everything. >> thank you so much have a great weekend that does it for close"closing . "fast money" begins now. >> "fast money" starts right now. energy stocks having their best week f the year and the chart master who correctly called the decline says something has change ed and he's really to ma a gold call. plus, steve ballme rerks with surprising comments about twitter. we'll tell you what he said that's got investors so excited and later, seaburg is rounding out her pitch week with one high flying tech stock he thinks is about to take off to new heights, but first, we start off

with a potential warning despite all time highs bank stocks kick iing off earnis season this morning. jpmorgan, citigroup, well fargo pnc all in the red as the rest of the market rallied to record highs. next week, netflix, qualcomm, united health, johnson and johnen, just a that are reporting. are the banks sending the rest of the market a warning and is this about to look like selling season zm guy? >> i don't think so yet. jpmorgan's quarter wasn't great, but it wasn't a disaster if you're bearish in jpmorgan, it gave you ammo the reason why in my opinion, it didn't rally and didn't solve that hard is pause all along, we've talked about the metric to lock out with the banks. to me, it's priced a tangible boat jpmorgan, tangible book 53.5 dollar, so it's trading close to 1.8 times tangible book, which is where we thought the banks

would top out. some other banks are not close citi being the biggest example, so, although jpmorgan was disappointing price action wise, i don't think you're going to sell the space >> i think it was good down 2.5%. the guidance for the back half of the year as far as loans were concerned wasn't great what's most important was the attitude out of jamie dimon. ewing four letter words on a family conference call like that >> i just thought it was interesting, the level of frustration that matched that guidance and here's a stock that's up 7% on the year it's up 13% just in the last month and a half or so i just didn't know if it was commensurate with the quarter they reported and the outlook for the back half of year. he seems frustrated. i say i thought the actual today in the banks, jpmorgan acted well i love his comments. i think it's amazing for him to get up and be that bold. make those comments about growth really pushing back about

regulation and how it's impeded growth in a lot of these corporations i'm optimistic because that's the lynch pin from banks you look at cost cutting, return to capital all that look at the real positive that they're going to get of returning cash to shareholders we're seeing it happen it's really sparked a lot. >> return on equity has a highehig highest in the past five quarters >> 12% >> listen, the question you're asking is this a selling signal, is this the time to sell because the bank, if it is, somebody forgot to tell the rest of the market it really didn't have that much on an impact today, if you look, you could poke holes in some of the bank i'm remaining long but does that cause you to not order from amazon. not to use google search, cancel netflix? i don't think there's anything on the bank earnings today to me, that said -- >> i think loan growth is concerning the market

>> right, but again, he's really not talking about the regulations as it relates to the ban bank the whole environment to trans act aboard ch so if you're going to take the guy at face value, i would say it kind of disappoints. >> would you have expected that would have a more negative today? given the fact he's expressing that frustration, we're not getting clarity from washington. maybe the stock is topped out here to the point where he's showing frustration because he knows he doesn't have any room to go. do you think that was in the cards or part of his speech? >> it's the positioning himself, bored of being the head of jpmorgan and is he positioning himself for something in the future. maybe this language is a foreshadowing. >> looks back, hold that tape. >> hold that tape, mels.

>> because of jamie dimon, we can decide at some point, pu if we were to go and lead the bank, that might have been a problem for jpmorgan specific. >> all right, i guess the idea behind is the selling season is are we going to get enough expectations of the bank earnings were high what do we think here? >> i think the market is going higher

up 11 handles over the day on nothing, so that vacuum to the upside is going to continue until something derails it i think you continue to stay long the banks if you're going to get another rotation you look at tesla. something like google again. i think those are places you can be >> the disappointing enormous this morning gave you the idea the notion you look for growth if those same places >> in the set up, all that stuff is super important i look at names like

astrazeneca. that stock is an amazing story that's a name i want to own. >> you mentioned google. those guys have not made google, amazon, facebook we're going to see new highs. apple's lagged so here's the thing. if this market's going to go hi higher, i suspect all those names are going to make new highs. >> with earnings season in full swing, what better time for our fast pitch >> i think netflix is the amazing stock. it's not really about the numbers. subscriber growth is important it should be very stable you know, basically, the street looking for 600,000. 600,000 u.s., roughly 2.6

million international subscriber both bottom line is they're going to come in around that number because three weeks into the quarter, they basically, they forecasted it and hit their 40%. of that number 40% of their sub number guide for the entire quarter they hit the first this is a company with momentum. you've got the buy side saying we understand it, we're really comfort bable with it. we look at this sort of longer term earnings ramp it starts to ramp significantly beginning next year. the buy side understands that. the comp, head winds have basically collapsed. this is a name you want to own >> does anybody have any questions for mr. seaburg? >> quick question. what derails this story that is to date been teflon >> it's interesting, that's a super good question. they're going to get a pass. if they miss say number of a

number of this quarter, they'll get a pass because they've done such a good job. sort of setting up for it. i think the street is ready to gi him pass even if they have a slight miss. first time caller into our show. everybody seems to know everything you know. we've had a tremendous run up coming into earnings what, why, who's the incremental buyer here if everybody's in >> you look at the chart the way this thing hz moved if i can pull it up there again, it's not a hockey stick this has done really well. there's been a lot of interest trz they're not at the point where they're expanding from a spin perspective

this stock can really move just by the fact they have massive buy side support now because consensus is really around the fact these guys have things working the right direction. >> all right time to vote now be clear, it's a vote on david's pitch and not his plasma skills. >> which are atrocious >> guy >> i'm going to put netflix is chill. so i'm with david. the stud seaburg i'm telling you now, next ceo of the walt disney company. heard it here first there, sister >> stop throwi ining these boars around >> i would say it's a usell on monday afternoon i think david makes good points. i just don't know. put your finger up in the air and check that out to me, the options market is is implying a move, 8, 9, 10% in either direction i think it's a binary set up ik you wait until after the n l

numbers. >> bk, it's no flix. >> my problem is the idea that the street is comfortable with this means everything is priced in and my risk reward is not fantastic buying it. >> seaburg's pick sell you buy or sell, that's the question head over to twitter vote in our poll at cnbc money plus, check out the amazon ceo at sun valley with his guns blazing. how they're flex iing their muscles at the media con quens andrew mors that warren buffett could be getting involved in sprint, send iing the stock soaring today and huge bets in the option market. we'll tell you how high traders see the stock going when we return

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valley about an investment with warren buffett and suddenly met with john malone liberty broad band is the largest investor charter communications, the talks are still preliminary, but could see buffett's berkshire hathaway way put more than $10 billion into a transaction. sprint is under pressure as it faces growing competition from its much bigger rivals at&t which is in the process of buying time warner and verizon which is working to dif wrennuate with its yahoo! and aol acquisitions now renameded oath an infusion of cash would help sprint to better compete it would impact the range of negotiations it's been having. sprint was in merger talks earlier this year with its larger rival, trk mobile, the two companies b tabed those talks in may, so sprint could negotiate with charter and comcast. potentially selling stake or making a deal to allow them to sell sprint's wireless service

as part of their cable broad band bun ls. now, with the pending acquisition of time warner raising questions, folks here including discovery ceo have talked to us about the fact they think more consolidation is inevitable between cable, broad band and phone and that these companies will look to differentiation themselves so we'll have to see what else before this conference wraps up tomorrow back to you. >> thank you so much let's trade this there's a lot there to unpack here i don't know what you want to go >> it's interesting, what's the price. if warren buffett were to take a stake in this, is it $6? of course, it could be a very low price. he was at 3.5, 4 bucks, so he's got wiggle room here i understand the malone structure, but it also allows sprint, to take his eye off, walk away from a special

situation and focus on this. maybe it gets him out of a certain percentage of shares wa warren can come in at a lower price. >> i think your point on what the prices is really important because warren buffett being call into this means he's going to get a deal. if you're home saying i should buy sprint because warren buffett brought in, it's unlikely you're going get the same price that he did so, for me, it's a no touch for right now. because i don't think this means that this particular piece of news doesn't mean that sprint's stock going higher >> i do agree with both guys typically, i would say something like this. you fade it. to all the points they made, but this time in terms of the stock price, i think the it's a little different. you have a pretty significant short of interest in sprint. $10 billion investment is not insignificant in a market cap company and the headline risk to be short the name in my opinion in this environment is too

great, so i think you need to take flier on the long side. gl there were some big options trade as well in sprint. we'll tell you about that later, but first, shares of twirt surgeded nearly 2% today that kicks off our top trade steve ballmer had very good things to say about the social media company earlier today. >> i continue to say twitter is a good asset, so improving the product some and improving and making the montization better. and the company's been on top of both of those things and the market understands that and it is now getting reflected somewhat in the stock price. >> by the way, i also asked him if snap's woes make twitter look that much better he wouldn't comment. >> i don't know if it's about the woes i think he's talking about the scarcity value of a social platform he talkeded about valuation, look at snap at 20 or $19 billion. twitter has a $12 billion enterprise value it's one of the ones out there, it's pretty important in a day

and age we live in, in a way our government is communicating with us the way we get our news, that sort of thing, so i think ballmer makes a lot f sense. he's talk about the strategic it has. who knows what the stock market value should be. if you look at snap, you say twitter is cheap >> what do you think of this 20% rise >> disagrees, but there's a lot of upside in twitter now, twitter seems to be on a firm for the first time in a long time and square is crushing we talk about that all the time. wouldn't this be a great opportunity for jack dorsey to say i've gotten twit e to the place it needs to be i'm stepping away, then another 10 to 15% on the upside. i think the risk to twitter to the upside >> i'm lopg twitter. because i think they have to you have jack back there seems like there has been some changes at the company for the better you know, yes, you had some

shake ups in the c sweet a little bit but the stock hasn't responded aingd they're changing the product around a little bit. i don't think snap and the other thing about twitter that twitter doesn't have that snap does is facebook out there trying to eat their lunch. ilt needs to be stable >> it is stable. you don't really think it has to do with -- >> that's really the -- big one right there. the second half payments don't look good. >> after 30% moves, i would. they have not be able to monotize properly. they have not been able to grow

the monthly users. this is a company that's a news source they have the most important person in the country if you will, the president of the united states, using it as a platform to distribute information to the american people and they can't figure it out. that's the problem for me. >> listen, everything you said, you could have said and did say correctly, from 52 all the way down to here but that's in stock. i think that this is the turn around story in a sense. >> here's an interesting question >> riddle me this. >> we'll be the judge of this. >> would you rather. i wish played with ballmer snap or twitter. really >> yeah. and you have, you had an interview a few weeks ago, there's a very good chance snap is a engel digit stock i don't know if you recall that or not

>> i bought a little snap at 15.5 now. to me, there's a lot of bad news in the stock we've seen this a lot where stocks trade poorly into the lock up. the to me, it's a sentiment thing. it's really bad. numbers need to be adjusted big time you probably buy a week before earnings because the company has been doing a good job. >> are you in the single digit camp sfwl i am. i think it's slower. >> twitter, rather be short snap chat over twitter. i think it's going to go a lot

lower. >> you would like to be short both, but rather snap. >> fun move on here apparently, amazon is flexing its muscle in more ways than one. check out this image of jeff bezos at the sun valley conference looking well like vin diesel maybe for comparison purposes, this is a picture of him three years ago at the same gathering to the left. draw your own conclusions. now, bezos mixed with other executives in idaho racked up 16 emmy nominations yesterday this comes on a day where amazon grew 60% from last year's event and shares continue to pump p hire soaring 34% here to date are jeff's jack ed arms a modern day metaphor for amazon?

obviously they've been talking about the whole potential to come out and that makes a lot of sense. it was kind of telegraphed by the president during the campaign, but that's the sort of risk you can't put your finger on, so shorting at 1,000 doesn't make a whole lot of sense to me. but it seems like sentiment is is all the way on one side seems like they're doing everything right pushing outside their comfort zone to me, probably more in cats's camp >> i think it's insane to think th because you've got walmart the e commerce business at amazon is much be big eric but overall, retail sales, walmart blows them away. grocery. walmart number one 18% market share if you factor in sams. you look at whole foods acquisition and amazon and they they're going to be a number five player. they're not close to taking over from a market share perspective. how can the government command some control over this they're just in a lot of spaces. >> david e commerce growth last year,

they had one of every two. there's no shortage of issues that the government, let me tell you, when the government set their sites on microsoft, that stock outperforms for like ten years. when you look at the sell side, they're all in one side. investors are on one side. >> if 80% of the market share we're gaining, 100% agree. but this is different. they're not capturing that kind of market share. they undercut everybody on price. that's not bad for consumers by any means. but there's enough lobbies out there to put pressure on the feds to look at a lot of different businesses, were there for example flexing their muscles. looking into amazon whole food, looking at every business. >> the combine will have 3.5% of groceries. not even -- every industry

they're moving into, they have the potential to really disrupt. so at some point, the government might want to get their arms around it. >> can we put up the picture, the split picture. the three-year difference. >> cannot unsee things yes. obviously. he's wearing like the same sunglasses any way. in term os f the stock, guy, the folks at home -- >> the guy from the nationwide commercials. >> finally >> carrying his wallet around. i'd be jackeded, too, if i had that kind of dollars >> final trades here

four trade that were proof of your portfolio bk >> for me, if you don't have muscles like bezos does, you can print them with a 3-d printer. >> impressed astrazeneca. there's a story that's been going around the ceos leading, not. this is a stock that has some day the coming out for io i'd own this stock here. >> macy's. just talking about whole foods i think we may see a sort of transaction for a macy's there's a lot of opportunithere. >> what was the word >> they make seal, pumps and valves what better stock. karen finerman today >> all right, america has voted aparticipaparently did seaburg hit a home run 1996 again today toni braxton sorry, guys. ♪ have a great weekend option action is is next

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here's what's coming up on the show >> when the money is coming your way, you don't ask any questions. >> frawe have just one question. how much will netflix move next week plus, microsoft just hit an all-time high. but if you missed the move, we'll show you how to buy the stock for less than a buck no, we are not dan nathan will break it down. and he correctly called the