>> still so choppy and i think it's about the set up, so the really depressed stocks got a bounce and the ones that were -- act vision is an exception probably going to hold those gains. >> that's true well, i hope you enjoy your lovely long weekend. >> you, too. >> michael, thank you. "fast money" starts now. live from the nasdaq market side, i'm melissa lee. your traders are pete, brian, steve and guy. tonight on fast, earnings, viacom, weight watchers, shake shack. the stocks are active. we'll tell you which ones could be worth your money. morgan stanley has a simple strategy just keep buying the strategist behind the call where tell us where he sees value now and later, it's been a record breaking year for the market and one thing that's been

rising along with stock prices, president trump's tweets about soaring stock prices we've got a surprising report. but first, we start off with a bit of a quiz on one dow component captivating investors this year. let's play a little jeopardy here the stock is up 17% this year. it's got a market cap of near ly $250 billion it has 1.5 million employees here in the united states. so do you know what stock? >> k-mart. >> i do. >> the answer is -- what is walmart. for all the talk this year of a retail wreck caused by amazon's domination, walmart is hitting a two-year high and up for the 11th day in a row. the longest winning streak in more than two years, so is walmart suddenly an amazon proof stock and does it just keep flip clementining higher from here? >> i love wheel of fortune they do a great job, right

>> yeah. i'm a wheel watcher. >> wheel watcher >> that show is perfect. >> any way short answer is i don't think it's amazon proof. we learned from home depot, apparently, nothing is amazon proof, but if you like walmart right now, which is clearly figured out their problems, go back a couple of years and see walmart in 2015 was a $90 stock by the end of the year, it was a $55 stock. they figured out their problems. why do i mention that? because in 2016, target had an awful year and i think target is now where walmart was about a year ago i'm not suggesting they deserve the same multiple, but if you like walmart here, close to 18 times forward earnings, having figured out their problems, i think you've got to like target at 13.5,14 time, on the precipic of figuring out their problems >> it could be poised for a walmart like breakout to the upside >> i believe so, yes >> i don't know if anybody could be amazon proof.

i think that may be walmart's bouncing back because brick and mortar did maybe because they bought jet.com. maybe a host of other reasons. amazon is up 35% year to date. alibaba, 75% i don't think it's time to go into walmart just yet. they made a little bit of an investment cycle in their e commerce business, but nobody does it like amazon does it. amazon can take them out anytime they want to >> i don't know. i think they're going after different sectors. i'm long walmart part of the reason i was or am is because they're punching back against amazon, but they picked a different segment, so you look at a what they're selling. when i look at walmart, i look at all those stores as bugs centers. you don't go there to buy the stuff you buy on amazon. you buy big, bulk products look at costco that's done horribly during this

time i think you can stay with walmart here with they're amazon proof is maybe a stretch, but they're punching back. >> you think everybody on the street whos retailers, they cover walmart. that's not the case. oppenheimer initiated walmart. it's one of the freshest ideas out there right now. they invested heavily in grocery. aggressively, in fact, they have all these deals where it's free shipping for minimum of $35, free two-day shipping and jet.com. >> investment in jet.com and have been in e commerce for a long time. but the real commitment came with jet.com i don't know that i'd use the expression amazon proof, but amazon has raised the level and those out there that are having success are those that are really going after amazon in an amazon way i would not just say it's walmart. i'd throw as a pitch like two weeks ago it was best buy for me had a lit to the downside. back near the 52-week highs. why? their e commerce business is competitive and will continue to

be they are seeing sales, they're seeing those traffic numbers crease both at walmart and best buy. i think there are ways people want to be in the bricks and tar and if they can use e commerce, it's a win win >> is isn't it odd you just mentioned groceries and now, you start to look at amazon? now you look at the whole foods acquisition. now, they're going after them at what their strength is amazon already has quick shipping you don't need to go to a walmart to pick it up. >> you're saying walmart is going to come after -- >> amazon's going after them already. they have to distribution network. they have groceries now. >> it's not the same segment i don't go into, i'm not like you. i'm just a regular guy i don't go into whole foods. >> no need to be redundant i go into walmart and by shampoo and soaps apaper towels

i don't do that at whole foods it's a completely different shopping experience. it's not apples and oranges, but they're just going after different -- >> but amazon is piecing together whole foods along with what they already sell, so you can buy your shampoo and paper towels and organic -- >> they're not going to let whole foods act as whole foods if you walk into whole foods, it's nothing like a walmart. >> as is the bir o f a whole foods products is same that's going into walmart i'm just going straight grocery. is that the same buyer probably not >> no. >> so, because of that, we saw everything start to dive everyone one of those grocers went down, down, down and now you've seen this huge rally at walmart. in other names as well because people finally realized, it's a different buyer. whole foods is a different world and a lot of these companies have done an outstanding job competing with the space they've got a huge section

there. >> it's good for walmart, then, so there is no competition between amazon and grocery >> again, i think it's -- >> their buyers are not overlapping. >> you're going in for a different product. i actually shop in both places because frugal so i like both places for different reasons. so, i think you go in for a different product and walmart's figured out what they do well and how to compete in an amazon world. >> meantime, so amazon's since earnings has sold off in a meaningful way trading down 985 town down a p percent today. i think tl a chance we see the levels we saw beginning of july. remember, this was a 50i9 $950 stock three, four weeks ago. i think there's a good chance we retest that. i think there's a good chance you see it there >> what was the biggest folk we had when we talked about amazon? it was more about aws.

starting to eat away at that microsoft and some of the rest of those going after that same space are winning against walmart now, excuse me, amazon right now, and so, in the long r run, is slipping >> it could be -- >> not make money, so i agree with you there >> exactly when you look at these businesses, nobody can push the limit the way amazon can they can put these guys out of business or at least makt so uncompetitive that these guys leave that arena not saying it's happening tomorrow, but i would be worried about that if that is your tail wind >> here's the question >> would you rather. >> but you're not playing. >> bk, amazon or walmart >> i'm long walmart. easy walmart. i'd rather >> period. >> that's it what more is there to say? >> grasso? >> i've been an amazon bull.e aa i'd rather be amazon or alibaba.

>> here's the interesting one because you made a good case or amazon moments ago. >> to potentially retest that level. >> so right now, walmart or o amazon. >> if i'm willing to bet 4% on the downside, i would say amazon it flies in the face of what i just said, but i think walmart might be banging up the top end of a multiple, multiple in terms of their stock >> i feel like you would say walmart. >> actually, i'm leaning towards amazon just because at this point in time, but i'll throw in the kicker i'll take amazon, i'll take best buy. i'll shoot off walmart >> bonus >> you can do anything you want to do. >> coming up, viacom reporting earnings moments ago the stock is falling afterhours, ceo making shocking comments we'll tell you what they are, next, plus, the biggest bull on

wall street says just keep buying mike wilson will be here to tell us why he sees stocks rallying and what he's buying right now and later, guy is stepping up to the plate with a name that could lead to higher returns for your portfolio. that is a hint much more "fast money" still ahead. like that? uh-huh. i switched to t-mobile, kept my phone-everything on it- -oh, they even paid it off! wow! yeah. it's nice that every bad decision doesn't have to be permenant! ditch verizon. keep your phone. we'll even pay it off when you switch to america's best unlimited network.

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welcome back viacom is sinking after its earnings report. jewulia has more. >> viacom shares are lower mid conference call. there were a few factors that could have contributed the company saw a decline in domestic ad revenue us and it guided that it expects affiliate revenues to decline in the september quarter as well. you see the stock down nearly 6% after hours. but back iing the call said six months after announcing his sfrat ji to revitalize the brands, he says it's working he just wrapped up his prepared comments, saying the company will rook at partnership and m&a opportunity, saying he's focused on value creation. >> organic execution is obviously critical but we will also look broadly including at potential

partnership and m&a opportunities to both strengthen our position and accelerate our transition as we assess opportunities, know we will be rigorous and disciplined. >> he weighed in on cord cutting in the rise of streaming, saying they're working to make sure consumers can access their content where ever they want >> the ship has sailed on everyone having $100 bundle. many consumers want lower priced options, including those below $40 and so, we continue to focus on leveraging our unique attributes to be b a core part of that offering and i'll say again, that low price entertain packs will be a areality >> of all of their brands, he was particularly focused on mtv. he highlighted a turn around in tv ratings as well as mtv's progress on digital platforms and though he acknowledged that transformer's fifth installment did not perform as well as the

past films, wade davis highlighted a 189% increase in the company's theatrical revenues in the quarter. back to you. >> thank you, julia. we'll see you later. i got to go to guy because you've been behind viacom for quite some time. >> mtv has mid relevance and pete was playing for the tampa bay buccaneebuccaneers >> 1990. >> knee jerk after the stock was higher the reason it sold off for the same problems other companies are having, viacom is having it's not viacom specific in my opinion. story is if the stock opens here, you talk about a seven year low in the name, but also a company with great properties that trades at half the multiple, literally, half the multiple of some other competitors. you heard about the m&a talk something is going to happen clearly, i've been wrong because

i thought a week ago, the stock was okay at 36, it's lower now but at this valuation and environment, this stock makes sense! but are they great properties? >> i was going to ask you that >> if something is good, people buy it and you have demand for it it's not just the disruption of social media people just don't want what they're selling. i'm not sure that the value of the company is there anymore >> you're right, by the way. >> made a point of making fun of mtv when bok is going to focus on as a flag ship brand. >> that's, that's a bit startling. i think you might want to rethink that listen, with all that said, i think just in term of valuation, the company's too cheap. >> guy could be getting close here because technically, he might have been early because technically, $31 goes back to 2016, that's a pretty good entry level. it did give away its year to date gains i would play it with time warner because you know they have a

deal there's a 5% upside. is it going to happen? your risk is that the deal doesn't happen obviously, it's a big risk, but it seems as though we're going towards it happening >> pretty ugly decline we're at the lows on viacom down 6. 7 >> it's breaking all the levels grasso had mentioned i would not lay into a short on this necessarily though because there seems to be b probably some support at some point people come in and look at this. but i wouldn't buy it. to me, why not go with the disrupters i thought one of the more interesting news items today was that facebook wanted to buy snap for 30 billion >> google. >> sorry so you've got facebook who's now coming after them. competitor google wants to buy them there's something there. they're seeing something, so why wouldn't you buy snap rather than viacom. >> after the move of the day, check out the bio tech falling nearly 1% today. now tracking for its worst week in more than a month pete >> yeah, but they basically hit

the pause button you can see that it's been moving up for the last couple of quarters, so we've had a nice, big rise gilead finally lifted itself off of that 64, 65 level celgene had a nice run and valuations in biotechs are low considering the fact they've put up strong numbers and there are some pipelines there. still need to see gilead make a move with the money. been saying it forever, but it's up $10 off the low, so right now, a guy like me who holds the stock is more pleased. i think it's a pause after this big run. >> in my opinion, you get worried about ivb, if it breaks p 00, that's where it broke out and should hold. i'm not suggesting it does, but i agree with pete. we're in a quarter with this stuff. amg amgen's valuation is stupid cheap. starting to see upgrades in celgene, rightly so. gilead seems to have their mojo

back >> going to take the other side because when you look at the chart, you can make the case for a head and shoulder pattern. i'm long in a different space. long valiant but if you look at this chart, if you believe in rotation going to the back half of the year, ivb is up 20% year to date this is a space in etf that will suffer if that rotation happens. >> i think you have to wait for it to hit 300. that's the break up point. that should be your support point. if this is going to go back to the races and you want to buy the dip, why not wait 15 points and see what the reaction is there. >> still ahead, the hottest stock in the tech sector this year just reported earnings after the bell looks like the stock is starting to cool off. we'll tell you the name and what's behind the move later on. you're watching "fast money" on cnbc here's what's coming up. >> guy is serving up the pitch pounding the table on a stock that's up 11% in the past month. >> we're going to be awesome for

you right now. >> it sure will be and we'll give you the name. plus, with stocks at record highs, morgan stanley's top strategist has a simple message. >> just keep buying. e'll tell you what he likes best when we return.

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welcome back the dow closing at another high today. here's what's coming up.

weight watchers surging after big earnings beat. shares up near 200%. plus, guy is high on one name that he's calling a smoking hot trade for investors, but can he convince the others to buy he'll deliver his best pitch but first, market has a new high it's caught president trump's attention. check out this chart from sentiment trader his twitter mentions of the stock market have been increasing sharply of late and that could be driving more retail investors into the market curiously, one thing he has yet to tweet about, dom chu. who's breaking it all down >> melissa, i guess not at least yet but we know he's watching the market closely he's talked up this idea that the stock market is that real there's time measure, the thermometer of his presidency, but there's still debate as to

how much credit the president can take when it comes to the rally overall. regardless of where you fall on the debate, there is one thing that folks want to see and that's more participation among every day investors, we may be seeing some of that play out so, sandler o'neill analyst is taking stock of the first half of the year. according to him, the number of new brokerage accounts opened up in the first two quarters of the year has been on the rise. e*trade financial saw 99,000 new accounts opened in the first half of the year or around a 5.7% compound annual growth rate aameritrade saw 233,000 new accounts that's around 6.6% of that kager if you will, then charles schwab saw 32,000 good for around 6.5% of that so it could be that there's more interest in what's happen ng the tok market and that it's drawing

more investors into the mix of brokerages that kacater maybe to individual investors, but melissa, now it's about whether or not that momentum can continue or whether any kind volatility upsets that trend for investors. back to you. >> thank you very much what does this mean for the brokerage accounts >> it should auger well. >> the president talking about the market being a report card for the administration others are saying the same thing. steve one of them. my concern is unless the market goes up in perpetuity, which it typically doesn't do, what's going to happen if it reverses and trades lower for any period of time? he's not going to take the blame for it in my opinion, so who does he blame? >> he won't tweet about it when it goes down he's a perfect example of public relations. only tweeting about it because the market's going up.

plus there's a whole lot of other stuff he probably dount want to talk about right now, so the market seems like an easy target i think the retail investor is investing because the market is going higher chicken or the egg >>.com using a four letter word. i'm going to use fomo. fear of missing out. it generally happens near the tops not saying this is a top, but the last leg of most rallies are fueled by the retail investor. so if you're a retail investor, don't be the last one holding back doesn't mean we can't get a rise as everybody starts putting this cash in and ignores the fundamentals, but be aware, you're not buying the lows of this market. and they're seeing volatility as these lower levels that makes it easier because efb feels like hey, this is free money. are they buying tops even in specific segments? it's great to see these investors involved with the market the bad part will be when we see

volatility spike, there could be a spanking down of these folks >> it's great in one sense, but oftentimes, retail is looked at as the contrarian indicator. we see retail participation and it's a sign of the top we point to this time and time again. according to the latest fund manager survey, cash levels by equity portfolio manager, active managers, aren't multiyear highs. like highs with the crisis i mean, there's a divergence here going on. so which side are you on >> obviously, the retail investor has been right. and if you have cash, you've been wrong because you've mmisse bulk of this move. it's such a problem b for progressionals to decide when you're buying the top and the bottom i'll tell you the sell offs are more infrequent and shorter in duration than they've been before i think you still have to buy the market >> our next guest has one message for investors. just keep buying

mike billwilson is wall street t biggest bull he'll tell us why stocks are headed for more record highs high are you so confident? >> we have $2.2 trillion we oversee and we're not seeing euphoric move at all and first of all, if you look at the industry flows, you talk about the discount broker, warehouses collectively, we've had zero inflows to etfs this year in a market that's annualizing at 21% they're not there. i ordered a report at the end of the year, are you ready for euphoria, because we haven't had it yet i think you're seeing a little bit of the action, people starting to say i guess i'm waiting for that pullback that never comes, but we're not anywhere near that final stage in my view and we're not seeing that kind of excitement yet. >> tell me why stocks are not overvalued because that's the number one case of being this rally >> number one, it's two. the first is neutral at best that takes me to --

institutional close as well as retail close the valuation, we talked about this last time i was on the show we're looking at an interest rate add swrused, so equity risk premiums are ab normally high still. it's the only asset market in the world where you're still getting an ab normally high risk premium. you're not getting in commercial real estate or other forms there's one market left. it's global equities not yus u.s., global >> when you talk about the equity premium, that's what w m people will pay. what level of interest rates stops the rally then. >> so 275 is the number where we can still get multiple expansion. above three is where you have a hard time making progress. why? because at 3%, the alternative asset becomes attractive, so we talked about pension funds at 3%, there's a flood of money that wants to go back to bonds how narrow the world is. 40, 50 points makes a big

difference where does central bank missteps play into this >> the fed is doing their job. they've been tightening since 2014 they'll ultimate ly end this cycle. that's the way all cycles end. i think this year, more than any other, they've made the decision, they're going all the way. we're going to hike a couple more times we're doing balance sheet reduction. they're going the distance, so to me, it's not a matter of when, it's if. could be as herbally as late next year. we could see the feds tightening start to have a real impact op the economy and of course, on markets. i'm not one of these folks that's worried about balance sheet reduction causing some huge drawdown in the fourth quarter. that's not our view. the other side is the fed is is also allowing the big banks to return a ton of capital of the exact same time they're going to start reducing their balance sheet. i think it's quite smart you devote a lot of note to earnings season. you like financials,

industrials, technology and energy >> yeah. so, that's the one that is, l k look, it's tough to make a fundamental argument for energy on the current earnings season, but stocks are counting machines it is the most hated group in the market for good reason in our data, we show it as being less than tenth percentile of ownership from a historical perspective. this earnings season, tit's the one group that didn't beat estimates. the beginning. so i'm, i feel really good about energy today i feel better today than i did a month ago because the stocks are going up on bad news this is a trade not necessarily a secular bull market in energy. just look, it's underowned and the revisions are are going to stop going down soon >> thank you very much music to your ears you're long energy ek wii theties. >> here's the problem though, when you look at the report at

the aftereffect, after you see a company report then see the price action, all of those sectors, all trade lower doesn't matter where the exception of telecom and materials. we're in more of this quantitative mode where guys are sell iing the market because th think it's too top pi. i believe that rotation, if you believe in that, you buy energy and that's the real laggard in the marketplace. >> what did we do today? >> i thought snap traded well today. i thought it traded well about four or five days ago. clearly not as with well as i thought, but today, the reerer sal is interesting you're coming up into an earnings release pete's saying it's going to sipg l digits but since it's been a publicly traded company, no fewer than three times you've seen huge bounces upside >> what the bad news out there now. we know the earnings, the lock up is out there. now, you're starting to say, okay, people are coming in starting to use their products, so to me, again, if you're going

to buy something that could have that potential for the rip to the upside, snap is to me what is one of the better ones out there. >> it's a company with deaccelerating growth >> growth in the past, right >> and people are starting to -- >> hold on, now. the advertising for them is going down, down, down and down and because of the fact people aren't seeing results from them, they're moving away. >> you could have said the same thing about facebook >> absolutely. how they're going to switch to mobile it's not working >> we questioned they did switch to mobile and they starteded to see results. >> why can't snap do the same thing? >> because facebook b did have momentum though. they weren't losing momentum prior to >> in the beginning -- >> they were accelerate, not deaccelerating >> bigger lock up is also on the 14th the rank and file employees, which may not be as sticky as founders who own a big slog of stock. >> that's not new news that's why the stock is down

from 30. >> yes >> all factored in >> i do think there's a chance that it goes to single digits, but in terms of a trade, there's a $13 stock today. i'm telling you, three or four times and its infancy. you've seen big moves percentage wise they haven't lasted long but they've been there, so to me, the risk reward after a day like today might be interesting for a trade in earnings. >> still ahead, the best performing tech stock this year just reported earnings we'll give you the name and why you might think it's cooling off in the afterhours. plus, guy has made his way to the plasma that was quick pitching one stock that he says will light up your portfolio, but can he convince the other traders to buy he'll deliver his fast pitch when we come right back.

act vision is the best performing tech stock this year. up more than 75%, but the stock is down in after hours session so is this hot tech stock cooling off? let's get to julia >> hey, melissa. well, blizzard beat on the top and bottom line with record first half total revenues and

digital revenues as they ined for the year the stock trading down about 1.5% on the call, there was a big focus on e sports. the ceo saying there's a huge audience out there and put a big emphasis on the new overwatch leak and the quality of team ownership. he came on cnbc with two of those team owners last month robert kraft and jeff wilpon saying that the first major global city based league of its kind will provide quote significant sponsorship and media opportunities for blizzard on the call, analysts asked about candy crush and how to reinvigorate it. they say they're rolling out new ad formats so they'll work better for advertisers as well as players looking forward, there was a lot of talk on the call about the upcoming call of duty world war ii game launching in november, saying the franchise is strong

and the monthly active users leading up to it are right in line with report performance from last year he also discussed audience reach saying that blizzard had the biggest quarterly online player community in its history a record 46 million monthly active users it's up 38% over last year >> thanks so much, julia as we mentioned, it is the best performing tech stock out there this year. also putting in context the move today, it was up 4%, so down 1.6 in the afterhours is not so bad. >> you could look at every year for the last couple of years, these stocks are up tremendously take two is up same as this one and electronic arts is up 50% julia talked about the calendar going forward. you have from august through november, great releases in all of these stocks. i think you're still a good buyer in all three >> i think you got to stick with it talk about new media, i would much rather be in act vision here, which massive growth market, e sports is huge ooitd rather be in that than in

viacom, so for me, i'd stick with that. >> i was going to make the same comparison look at the viacoms of the world, you're looking for growth, for a reason and valuation is about the only thing you can come with up guy pointed that out when you look at the growth these guys have across the board and the next call of duty and another lineup behind this, it's really impressive. yes, the mulprinciples are high. right now, it's trading at 45. >> a generation buying the heck out of all of this stuff >> let's shift gears time for the fast pitch where a trader pitches a stock they think is worth the buy when they're done, the traders on the desk will vote. now, it's guy's turn >> i'm going to make -- >> give us your pitch. >> now, you know i'm not a proponent of illegal drugs >> yeah. sure >> in many state, marijuana is still an illegal drug, but guess what's going on. medical marijuana is a real

story. i spoke to my friend who is might be the foremost authority in the space and he told me about a company called gw pharma i've been watching this myself let me say this, this is not a, this is not for theatre. this is not for your enjoyment this is actually for medical use. now, they have a brain cancer trial they're doing on now they have not released the data. why? because survival rate is such they haven't been able to. we believe that they might release it in a week and a half or so when they report earnings. it's a good thing. another good thing is they did a capital raise a while back the balance sheet is pretty good you're basically buying this company with the belief that they're going to have some medical ef kai fi wisy where the fda says this is real and the dea, which has been a thorn in their side, is going to have to back off i think that's whakt happen. look at what's going on with pharmaceutical companies now in the pain space.

in other spaces. and you see that actual medical marijuana is a real thing and more and more people are start tog catch on to it goldman sachs thinks the takeout price for this stock is somewhere around $35. if you think about big cap pharma, they're looking for growth and if they can prove they be gwph, if they can prove medical efficacy over the next few month, really, there's tremendous upside. i get the downside and the negative stories, the negative stories being if marijuana is leaguized across the country, you no longer need some of these companies. reality is actually works in their favor so for those republicans, i think gwph is an interesting stock to look at >> i got a quick one guy, with goldman sachs with the 350 target potential in front of this name right now, what are they basing that upon? is it more of what level of what

they're working on now that they see three? >> they believe i think goldm goldman's belief is if they catch this right on a couple of different trials they're working on now, big cap pharma with their need for growth is looking at the potential in brain cancer, epilepsy, amongst a few other things and there's tremendous upside, so, gdph is at the forefront they're the market leader, ahead of the curve by a factor of probably ten and you're talking about buying a company for its, it's actually a patent play as well because there's, what do we call that where i come from? >> intellectual property >> thank you, mel. >> i think that's what goldman is saying. >> ironic you couldn't come up with intellectual property >> it is >> we shall vote we've had the keceo on this program many times for the

treatment for epilepsy so let's go around the horn here steve. >> i do own a stock in the space. i don't own this one the problem with this one is that you have a president and controlling congress body not for legalization of marijuana. on a state level, so i know the federal government can overlay on the state, so i say sell for now. >> can i interrupt here? just interswrejectinterject. >> please. >> so, it uses the active ingredient in marijuana. it doesn't matter if marijuana is league or not because it is put into something else. you're not smoking it. let's get that out dthere. zbr if it's anything associated with it, it's going to be b a no touch. >> for me, it's a buy. so i think the risk reward is great here you're looking at a three in one type of risk reward here that's what i'm always looking for. sounds like the trials are good and they're going to come out all right and i think it gets

through. >> pete. >> i'd be a buyer as well. >> i got to tell you, nice presentation, guy, i totally agree. i'm on cbo myself. amazing what's happen ng this space right now. >> yep >> all right, so two buys. one sell for now are you high for guy's pitch vote in our pole, we'll reveal the results later. plus, shake shack and weight watchers that's a pair of stocks. on the move. weight shackers up near 2 o 0% is that a -- maybe not we'll bring you the headlines. much more fast right after this.

shake shack and weight watchers reporting jackie all over shake shack. leslie has the latest on weight watchers >> hey, melissa, well, same shack sales for the second quarter were an issue that sent the stock down almost 4% it rattled investors, but the company reporting a decrease of 1.8% right there now, management reminded everyone they did guide for that change and it was an improvement from the first quarter as well they said regional factors were cited as the main region

weather, especially on the east coast, as a result, they're guiding for a 2% decrease in this metric for the full year. new york city is also the largest region in terms of their comp bals. they say there are more opportunities to grow in new york city in terms of revenues and also contributions they're going to be adding two new locations in the coming months, aster place and columbia university international growth was something investors wantsed to hear more about. the company added two locations. they're bullish in the region. and aside, the company trying to grow airport presence. the mobile app is something people focused on. still working on making it better after the march rollout the average check is higher on the app. ed it's working. they're not working on a third party delivery strategy. they want to keep the quality and experience in tact as they work on this deliver piece of it >> thank you very much, now to

leslie with the latest on weight watchers >> weight watchers soaring this after market trading the shake shack was giving you a bit of indigestion, they beat on the earnings and revenue side. their second quarter estimates per share. eps was 67 cents that compares with estimates of 51 cents per share ton revenue side, they reported revenue of $342 million. that compared with estimates of 330 milli$330 million subscribers were up more than 20% year over year this was the first earnings report and first call with the company's new ceo who joined during the quarter from hsn. she touted the relationship with oprah winfrey, who is a director on the company's board for the company's growth take a listen. >> there's no doubt that the weight watchers long-term collaboration with oprah winfrey

has certainly accelerated the company's progress since october 2015 with high awareness of her success and happiness with the program sparking interest at excitement i'm personally looking forward to partnering with her as we transform the brand in business. >> oprah's golden touch, melissa. >> yep all right. leslie, thank you. all right, so, check out weight loss stocks crushing us. the top fast food names this year weight watchers surging more than 188% before its earnings. annuitiry system is up 50% mcdonald's is up 27 bers, but sheikh was down 7% before earpinear ironings in the battle of fast food and weight loss, where do you put your money to work >> probably go more with the shake shack. because we're up 188%. in weight watchers, so i probably missed that trade now, shake shack, i'm generally

skeptical of companies that blame weather for their earnings miss, but when i look at how they have trade d, $30 massive, massive support, this is kind of a you know, turn around, everything that's gone bad has gone bad maybe now we get that uptick i'd rather be in weight watchers >> twice as many rainy days in the northeast. you've got to stand outside for one of those burgers >> it's still cool ain't going to be cool forever >> they're pretty good >> bk is spot on there's a big level of support there's a huge valuation trades probably close to 60 times forward earnings, but you're talking about a stock that probably has a 58% short interest, so what are you betting on i think there's a little bit of downside, but to me, you've got the stay away because a chance

for a short covering rally is significant. >> blue apron set to report for the first time next week options market implying huge moves. hey, mike. >> hi there. so, yeah, we're taking a look at the straddle that expires week they're expecting a move of about 16% in either direction. another name with a very big short interest and the options market doesn't like it very much and the forward price is significantly lower. i think this stock is a no touch. >> wow 1% in either direction that's insane. mike thanks for more options action, check out the full show friday, tomorrow, 5:30 p.m. eastern time up next, did guy's pitch make you want to buy the stock? it's up in the afterhours session. still time to vote head to twitter. we'll reveal the results after the break. 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. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade.

welcome back time to reveal whether you at home bought guy's pitch. drum roll. tony braxton because guy is a loser. ♪ final trade time, pete >> so sad. >> fake sad. >> shake shack and here's why. innovation, menu and these guys are really starting to move things down the line because of that, when breakfast comes in, the stock is going higher >> breakfast lot of people talking about the dollar, how r horrible it is not for bk

buy uup here >> still long avis budget. don't cry about it later sell stock >> nice. short toni braxton in a major way, but i think you buy target rewhh thk ghhave turned kornger >> thanks for watching see you backwatching "mad money" 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 other people want to make friends, i'm just trying to make you some money my job is not just to entertain, but teach you. tweet me @jim cramer how does this market still have any juice left does the dow keep climbing because as