>> yeah, i didn't, didn't occur to me to ask him about that. that was a great topic same way that sales force, we have the opportunity to just build it this way, we didn't have to try to transition the whole thing. >> it's known that the lead frog effect has been strong in technology >> trying to think what else if you're starting from scratch i have all the way home to think about it thank you very much. that does it "fast money" begins now. >> "fast money" starts now overlooking new york city's times square, your traders are -- tonight, president trump kicking off his tax reform tour in missouri. >> the foundation of our job creation agenda is to reform our tax code for the first time in more than 30 years what should you be buying if it gets done, but first, we start

off with what we're calling the twin pillarsprosperity tech and bio tech. the s&p tech bio sector. and bio tech breaking out, now up 22%, so do you stick with these groups of stocks how much higher can they go? guy? >> i think you do. you stick with them for sure, but if you're asking would you rather -- >> i wasn't. answer the question. >> ten seconds in the show, you're coming at me. felt like a would you rather to me i'm sor richl bio tech >> i think we've done a decent job. said it needs to 300 steve has been talking about bluebird i think it was up 10% today, but all these names we've talked about in the immune other pi space, you saw it happen with

gilead and kite. it open it is the flood gates for m&a and a lot of these stocks valuation wise are still cheap not least of which amgen and celgene. >> it was a recent bid underneath the market. bluebird was the next one. juno as well so you see strength there. i think they both could. they both benefit from tax reform and they could have lack of inversions i would say tech if i'm forced to pick. look, general list money is going to flow back into this space in a fierce way. it's starting to happen and it will continue. >> if you look at bbio tech, th

xpi is like 91 bucks, you saying we're not near all time highs, but the generalists money hasn't flown back in. but again, generalists don't sell their winners, so i think they both can win. i just think there's more upside in the biotech names >> i think it's not going to be the easiest thing to go flying through. i agree here the gilead deal kind of puts the therapy into hyper drive and brings celgene and johnson & johnson into the flow. valuation, it's the most attractive of all these guys >> stick with it >> absolutely. even though it's up 25% and since the lows in july i think the market treats these two parts, sounds similar, very differently. they are giving you some growth. there's a lot of capacity put to work that's my that's outperforming i don't think you've gotten out of the malaise of earlier in the

week, but the bio tech news is its own beast. if you get into this case where pharma and bio tech get a sniff of tax reforms, cuts are good enough it could be a one amnesty. i think that could happen and that's great for pharma. >> a repatriation in m a&a play. >> exactly the key, the lynch pin to the scenario is you can get paid to own large cap real large cap bio tech we're seeing the m&a start to happen this is the triler to ignite new money. >> start iing to allow these treatments to come with big price tags so, d.c. has not been in the way lately as far as drug pricing. you might see that come back in, but i think it's, d.c. right now is occupy wd a loft other things >> it is a bipartisan issue. one that both sides can get behind i think one of the reasons why

gilead went through the roof is because novartis has essentially priceded their korea drug, $475,000 a treatment it's off the charts and it's sad if you're someone that needs that and can't afford it even i think gilead prices it lower. i think that has a lot to do with what went on today. >> there are a couple of big cap tech names i know pete talks about i. but microsoft and dennis gartman is going from the upper left to the far right for the last four and a half or five years i think it made a 52-week or all time high today or within the last couple of days. they've turned their business model around we look at microsoft and juxtapose it with ibm. >> what was the gdp for it this morning? >> apparently, 3%. >> it was 3% hotter than what a lot of

economists had expected. if if we are in let's extram late this out. if we are in an environment where economic growth is hotter. maybe the fed raises rates a little bit more steeply than the market anticipates, is that still the environment for technology to be the leading sector or do you then see a rotation into finals what has brought tech here so far is that search for growth. because of low yields. global growth remains above the trend. 3% u.s. growth with a fed that's got to move. that's okay. that's very, very good good for financials though i would rather be in the banks people say i'd like to buy pullbacks on banks >> i like the bank

>> upside is not as great. i look at the upside and say it's really been, we've had a lot of good news priced in will they grind higher i think they will. >> let's settle this debate. by going off the charts to todd gourd oon's trading analysis.com hey, todd. tech versus bio tech what did he say? >> just from the point of view, bio tech has been the underp underperformer for the reason. as we made a new high in xlk ivb continues to lag with even with the huge boost i like to go with the momentum the trend is your friend until it ends. as we head over here, just to kind of put this gld in perspective, this gets perspective.

we kind of have a ski jump little pattern here. i think the large the tech cap continues to be the place you want to hang in so, as we move in, let's look at the few of the large cap techs. what's interesting, if you can kind of look at these two goog's in orange and amazon is in white. significantly hanging on to the lower end of the shelf and yesterday, what happened against that lower support was interesting. it was an outside rever tall so what happened was i think monday was like this tuesday, we opened down on obviously news, we finished the day outside the range of the prior day. that's what we called outside reversal that occurred down into the lower support. amazon anding are starting to come back. trz if you want to stick with

the trend, take a look at what's trying to push highs i can see facebook and apple trueing to push. i have positions i like them i think tech will emerge and back to the conversation to the financials, i think that in this kind of phenomenon that generally favors financials, with a lower yield, dollar financials continue underperform lower dollar, focus in asia. emerging markets focus back. >> embedded in that is a belief that the dollar will stay low or go lower >> back to our money in motion day, you know when foreign exchange tends to get in momentum and start moving, it takes a titanic kind of move to get it to shift and the dollar is in a free fall. used to be b the old relationship was good for the stock market

>> todd, good to see you ultimate game of would you rather >> love this game. >> apple, facebook or gilead >> apple, facebook or gilead would you rather rather. >> possibly a new game which okay, no, i'll play the game i had to think about this one for a little bit >> a lot of moving parts there >> i think gilead has figured it out. yes, they paid up for it after two and a half years i think gilead has their giddy up back >> it's a growth trade apple has the biggest catalyst sell it. $ $20. >> it can't be priced in

>> i know who the buyers of bio tech the big mutual fund of the world are going to step in and start buying i can't tell you who the incremental buyer is although i think those stocks will continue to grind higher. i just don't see a set up for a lot of new money flow flying in because you know, a narrative has changed. >> well, i mean, first of all, we have global cyclicality, tech will do just fine. apple is far from expensive. especially for a company that's trying to bolt on a software and service fs multiple. the it's not a hardware company and if it is, you're not trading it up here gilead to me bato this, the valuation wasinteresting befor the m&a activity bottom line though is you removed a major overhang

>> coming up it is cloud wars. earnings after the bell. the ceo of workday spoke to gem cramer plus, oracle of omaha told us why he's betting on two of the biggest banks and after you hear what he said, you might want to buy two and later, the damage from hurricane harvey still being uncovered. nearly half a million cars and trucks could be under water. we'll hear what it could mean r e toomnies much more still ahead. live-stream your favorite sport

at the airport. binge dvr'd shows while painting your toes. on demand laughs during long bubble baths. tv on every screen is awesome. the xfinity stream app. all your tv at home.

the most on demand your entire dvr. top networks. and live sports on the go. included with xfinity tv. xfinity, the future of awesome. breaking news on a new ceo at expedia >> hi, melissa this follows the departure of the ceo who left to go to uber expedia announcing it has a new chief executive officer. he is the current chief financial officer and executive vice president of operations he will succeed dhara as president and ceo of expedia a little bit more on him he served as executive vice president of operations and cheap financial officer since september of 2011, but has been with the company since 2006 and prior to that, he was a consultant at bane following the news that dhara would be depart iing and going o

uber, we've seen the stock down since monday around 5% the stock is up fractionally on the day. >> all right thanks so much we did seeexpedia under some pressure this week on news he was going over to uber >> which makes sense priceline has had a drop and now you have to ask yourself the question, i'll play the game again would you rather expedia or priceline >> i know what you're going to say. >> really in tune, which i like. couple of upgrades, so you have jefferies just upgraded to expedia. i think suntrust put $190 price tag. i think priceline is the better company. expedia might be the better stock. >> i'd go the other way because i think priceline is known as the international player expedia has more room to surprise than the upside bookings could be coming i think valuation is extensive,

but expedia is growing faster and priceline is the legacy guy. >> he's in your head just doesn't like it. >> doesn't agree priceline is the better company. k i think the international gain it's the better stock. sorry, mel >> switching gears sorry. >> let's get to josh in san francisco with the details >> melissa, so, box lower here in the afterhours. but aaron levi, ceo, trying to sound a confident note on call telling analysts that listen, we're committed to these two twin goals here. focused on innovating. when it comes to our bred and butter

focus on go to market efforts to reach more enterprises so they are investing in sales an marketing head count we saw free cash flow in q2. negative 14.7 million. i had the chance to speak briefly to aaron i asked if they were still committed to the bogey they laid out for themselves on a fiscal bases for 2018 he told me they are. switching gear, beyond box, we heard from workday after the bell and in fact, the ceo talking to jim cramer and "mad money. take a listen to what he had to say. >> i think they made the decision like many customers to based on our track record of customer success possibly bank of america and

going live in a rapid time and adding more to the portfolio i think level of success, deutsche bank, morgan stanley, i think it translated into citi choosing workday >> for the full interview, tune in to "mad money." that begins at 6:00 p.m. eastern. back to you. >> thank you, josh lipton. >> cloud stocks has been reign ng the profits over the past year with box leading the way. soaring up 47% also workday up a solid 27%. and sales force is up more than 18%, so could cloud stocks be your best bet in tech? what could be worth a buy at this point we left out a whole bunch of names. >> the one ei think workday in general is a very expensive stock. it's been in a lock in, whopper deal, when it start to fade, it's going to be troublesome ipg. growth pechts for a company like

this, completely different i like the prospects of service now, the growth and multiple i'd much prefer. >> the reason why workday is on fire is because people are paying for that growth if they're at the end, it could be sold off. it's up 62% on a chart technical basis. it has not run out of gas. the it's a smooth chart. i'd still be a buyer >> go back to 20 o 14. workday had one of these ridiculous moves from 50 to 10 o 0 and 10 then fell off the cliff, so we're up against 110 as well. valuation, ridiculously expensive and the good news is operating margins, they crushed, which is a good thing. i would be inclined if you've enjoyed this run, take money off the table and if you want to buy it back, buy it back on a close above 110. >> i'm now in guy's head and i enjoy what it feels like after those june numbers, fiscal q1, a lot of short covering. meanwhile, short-term bookings were done. i think they're competing with some of the biggest company miss

the world and frankly, this is a $2.5 billion company the it's about scale now take that money and run. >> nice show very chummy up here. coming up. >> feels like the first time i saw him. >> nearly half a million cars an trucks could be under water and according to adam jonas, it could drive sales for two beaten down auto names. you're watching "fast money" on cnbc here's what else is coming up on fast >> when it comes to the business tax, we are dead last. can you believe that so this cannot be allowed to continue any longer. >> so, if president trump gets his way with taxes, which stocks should you buy and which should you sell? we got your tax play book. plus >> shoes >> shoes >> you sure it's not the shoes >> actually, it is the shoes at least according to kevin durant who dissed under armour shoes

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welcome back we are live at the nasdaq market site the clear winner soar iing more than a percent as tech continues to outperform. here's what's coming up in the second half. flood waters likely damaging thousands of cars as harvey made landfall for a second time this morning. morgan stanley's top analyst will be here to eck plain what the destruction could mean plus, kevin durant dissing apparel maker under armour saying the kids prefer nike. is he right? guy had a special report but first, we start off with

president trump on his road tour elon is in washington, d.c. with the details. >> that was president trump's first speech dedicated to making the case for how tax reform fits into his america first agenda. he said the u.s. ranks dead last when it comes to the corporate tax rate >> we have gone from a tax hate rate that is lower than our economic competitors to one that is more than 60% higher. we have totally surrendered our competitive edge to other countries we're not surrendering anymore >> trump once again call ed fora 15% corporate rate though he called it an ideal rather than a must have and didn't lay out a timeline for getting tax reform done but he did place the burden uen of responsibility on capitol

hill >> and i'm fully committed to working with congress to get this job done and i don't want to be disappointed by congress, do you understand me >> immediate ly after the speec, key republicans issued statements praising trump's remark, house speaker paul ryan say iing this shows unity becaue congress and the white house, democrats however slammed trump's as long on rhetoric and short on sub u stance. leadership from both parties will be meet wg the president at the white house after they return from recess next week the senate finance committee will begin holing hearings on tax reform next month so the time for talk is ending now, melissa and washington's got to get to work this fall. back to you. >> claire mccaskill had been viewed as a democrat who could work with republicans across the aisle. the president called her out any response from her office to the president's speech >> what she has said even before the speech was that tax reform is one issue where she might

find common ground with the president, but she laid open the question of whether or not she woul break ranks with democrats and get on board with the republican effort. >> thank you in d.c so here's where we stand with the trump agenda. 3% gdp in the second quarter we've got job growth as we saw from the numbers this morning and now, we are just missing tax reform what do you buy here, sell, we actually get some form of tax reform >> i think tax reform, market. >> no matter what it is! if it's a ten-year thing i don't think they get it done the republican party is too fractured. >> if they do get it done, you have to look at those with the highest rates. fedex. unp.

altria >> see, it's interesting let's assume that the tragedy going on in houston helps. maybe they can bolt on a huge play that could happen. with what does it mean i look at a play that's been in the news, adp. when companies have clarity, my sense is they'll go hiring will continue to improve. valuation might be a little by expensive, but that should be one of the first winners with this >> in general, it's not. it's earnings that's really driving the mark no tax really sort of adjusts in there. the market is quoing to rip. no question about it this is aggressive 15%. there's no chance of getting something tliklike that through. nothing happens in my opinion.

it would be wonderful. >> you wondon't know >> what's your guess >> i think something gets done you think something gets done? nothing? >> i don't think anything -- >> i just need to say two things, first of all, we don't have a job problem in this country. our job market is roaring. it's never been tighter. we've got dbp growing as a gungs of global rowth. u.s. is growing 3% because the rest of the world is getting above frientrend, so to be cleai don't know what we want. i think we get fiscal follow through from this white house, which no one thinks we will do, the fed will be in play. the fed has been clear to say we're not going to do anything in monetary policy based upon things that might happen they've been smartly laying back if we see an acid bubble that could be out there, really becomes a bigger issue, so i'm not sure u that the market rips through. short-term, okay but the reality is if the world is that much stronger and we

throw more gas on the fire, i think that's an issue that means we have bigger issues. again, the job market is not the issue. >> no, it's not. >> in addition to raising rates could wind down the balance sheet faster even if you throw that gasoline on is it going to be a terrible effect ita matter of when you've not had an environment where you've had any fiscal policy out of washington if this stuff happens, that's your question. you want to own pharma and banks. again, the places where there's the most money offshore, the most procfits and in big cap tech banks benefit the most because markets activity will go through the roof and it will stimulate economy. sfwl i think policy risk is the biggest risk the fed knows that everybody knows that

i don't think they screw it up i don't think they can at the end of the day. correct. i think at the end of the day, the idea here that the first move in the market is going to be much hire if we get some sort of tax passed, it's a surprise, it's not tored in and stocks will rip. of course the lag effect of what could happen >> rates are 210 on the ten-year >> stocks are very attractive under almost any scenario with rates where they are you start to change the rates dynamic. we went to 265 immediately after the election with nothing. if you get some of this, i'm telling you, rates are going to move there's $15 trillion of negative yielding bonds in the world right now and they're going to move in the other direction. >> i want to see a five in guy's head you don't have confidence in the fed to not screw it up >> my pushback i don't know, i'm pretty certain they can't screw it up. >> you're in my head now you like how it feels.

>> not necessarily >> i guess about your his head, so yours, too. tim made an excellent point in response to what i said. maybe i didn't make that clear i think that's what could happen under this set of circumstances that we outlined >> steve liesman will sit down with treasury secretary and the debt ceiling will come up. that happens at 11:30 a.m. eastern time tomorrow. you won't want to miss coming up, harvey still reeking havoc in texas adam jonas will tell us what it will mean for the auto industry. plus, the battle of sneaker stocks heating up and kevin durant has some words steph cur curry's choice of footwear

harvey making its second landfall today the flooding likely destroying thousands cars, much like we saw with another hurricane five years ago, sandy phil lebeau is breaking down the effect actually, harvey's effect on the auto industry

>> and here's the latest estimate we heard from cox automotive industry. they run auto auctions they said we've done math here there are about 250,000 roughly speaking vehicles that were scrapped during sandy. the estimate is that it could be as many as a half million vehicles that are scrap due to hurricane harvey and the flooding look, every video i've seen still picture that i've seen, it's been nothing but cars that are flooded all over the place these cars are trashed now, some might be fixed and could be reappear ng the market salvage, but that's a separate story. the bottom line is this. the used vehicle market initially is likely to see prices surge when you look at the value of used vehicles right now, they're at close to a record high according to cox automotive and the manheim used vehicle value index. probably going to spike a little due to the tighter supply in the houston area at least initially, then on the new side of the equation, the estimate that came

out today from susquehanna is that there are 80,000 to 130,000 vehicles at dealerships, at a used dealership, but new vehicles in that region that are likely going to be scrapped. that ultimately will not be able to be sold remember, however u, the new vehicle inventory for all of the united states is pretty high right now. relatively speaking. and as a result, we're hearing reports from tealers in different areas outside of houston, maybe within four to five hours are reworking some of the models that will go down to the dealerships. that will help them when they have sales resume over the next week we're showing you the rate because the monthly sales totals for august will be coming out on friday and most analysts have said harvey's going to take out maybe 200,000, 150 to 200,000, maybe 250,000 from the sales

rate, so they're dropping their estimate most were at about 16.5 million. they're bringing it down to 16.3, 16.2 million rate and that's the harvey impact as far as what they're expegting with totals on friday >> phil, thank you in chicago what we saw today, avis is a big position and these rent a car companies are evaluated on their fleet value, so if used car prices are moving up, everyone thought it was going to be tremendous and negative head winds. if these prices are moving higher, both of these stocks have a huge runway ahead of them short interest, 50%. >> well. huge this could, this is a wind at their back right now we trade what's in front of us we don't trade too far out i think this is a major it shall. >> what changes overnight other than one off event that takes some supply. >> people thought used car

prices were coming in dramatically when you look at 47 million or 45 million used cars that sell, you're looking at the price. >> except for the fact this is an event that we obviously recognize the event on the surge. what is the sustainability of that and sustainability, if for a stock that's almost doubled. when you look at the growth factor for this, is when way moe looks at their small deals when they look at avis budget running their autonomous fleet the rent a car companies are the only companies that can run these aton mouse fleets. those fleets are growing >> how much longer do you hold on to this this gave you huge headache after earnings didn't it have a huge drop >> i think pricing which is going to be better going forward. >> you're willing to hang on to it >> i'm holding on to it. you just asked where is it going. how about this it's a double from here. >> it's a double

>> all right we'll mark your words. >> $70 stock one trade, it seems to me is a layout and they hit the jackpot. auto nation. 22% short interest 18 electiolocations affected by. they're going to move in fleets from ore locations they have a soft resale market move them in from other location, but guess what, they collect insurance. >> on the lost vehicles. >> here's my question. an insurance company is paying up, when insurance companies paying up for the loss of used vehicle and we're seeing those prices decline very, very quickly, what price will they get reimbursed at isn't there a gap there? >> i would assume that the gap isn't that great how they're buying that product. it's at a pretty severe discount from a consumer. >> i want to bring in an expert. >> bring him in. >> adam jonas. morgan stanley he's here onset. >> call me aj.

>> actually your nickname. if we believe that this hurricane could spur a replacement cycle, which is good, a lot of people out there had auto loans had loans on cars that were worth something that were already quickly deteriorating. we saw that. that was a huge issue for the industry already so when they get reimburseded, at what price and what is the theirty to replace the vehicle with a vehicle similar to what they had before. >> that's pretty case by case. depends on the policy. at first a half a million cars is about one out of 500 cars on the road in the united states. it's a very large number we look at this as kind of like mother nature's cash for clunkers people are going to get checks this is a wealth transfer from the insurance company to car dealers to auto companies. a half a million cars at 35,000 bucks a car, which is the average transaction price, that's over $18 billion worth of cars it is a one off to your point.

but that could bring in 3, maybe 4 billion of incremental pre-tax profit to the industry, so you've probably seen that performance reflected in the last day or so so, again, the it's a one off. but it can stimulate demand. after the disruption in august, it creates tightness in the rental car market. even if your car wasn't totalled, auction houses are going to say any car in those counties you know, let's avoid this so just the phantom thought of it being affected can create tightness and it could last for months could help for a few months by as much a million units or more. who knows, but then there could be an air pocket afterwards because folks who were going to buy a car any way ooempb after they got the check, even if it wasn't the full amount, they bought the car a year or two. i would say this is -- an investor that can look beyond the next few weeks you have other things driving the stocks >> what does it mean for ford motor company. if anything.

the stock has been sideways to lower now on probably one of the best markets we've seen. stock can't get out of its own way. catalyst in any way. >> near term, you've been down to tex any part of texas. dallas, houston, boy, there's a lot of pick up trucks down there. i wouldn't be shocked if 40% of the volume were pick up trucks you can look at the picture yourself so, yes, the factories have to recoup some inventory. on jim hackett, new ceo of ford, hurricane harvey, awful tragedy and a near term issue, it does not on the top five or ten of the list of things that i am doing as a ceo the auto industry is an incredibly uncomfortable place right now, in terms of the tech disruption, the tech risk. really i put in the category of noise if i'm ford. >> i want to know p we need to stage an interveengs for grasso in terms of his large position on avis. your opinion on the rental

company? >> we're underweight about 50% downside i will admit though that that view is probably now quite consentual it's kind of easy to pick up the car rental names when uberization. >> if used car prices don't come in 20 to 50%, if they doebt come in that drastic and they come in more in line with the great recession, only gave 10%, will the recession before that, only a%, if they only come in 5 or 10% -- >> then as you say, the wind to your sails our view is that the technology is changing so fast in terms of the kind of car you're going to be buying. we think this accelerated obsolescen obsolescence, the average car on the road is 11.5 years old one-third of cars have a cassette tape deck >> i agree with the premise. he's looking at you. >> got an eight track. gl i think it's a bigger problem

for a ford or gm >> it's a problem for the customer left to your point with that upside down on their auto line negative five, 3 or $5,000 equity as that starts to grow as the car population gets obserolete, nine out of ten new car purchases involve a trade in i want to buy new car we think that progresses faster pulls the rug out. concerned with that. >> what's your view on tesla >> we recently took our price target up to $317. we're on the sideline because of competition. i know there's been a lot with apple deemp mizing the vehicle we don't think of the tech hardware team thinks there may be some time before you see a vehicle with an apple logo on it, but it's our working assumption they'll do it and fox con adding this capacity for lcd screens in the united states, that is clearly a trojan horse of making vehicles in america

and they have to be made locally. so there's competition coming. >> adam, thank you of morgan stanley. >> aj. >> top three guests we've ever had. >> no one brings more info >> who are the other two >> i can't say when she's here. >> top three >> release a does uen of the top three according to goi guy, right, guy >> it happens, to be honest. >> what's your trade here? >> auto nation i agree with mr. seaburg very quietly, look what they did yesterday. you saw that >> of course i did >> where did that come from? i asked where was that on august 2nd? interesting. >> awe though nation i'm with you that's the stock i would buy for a trade. >> i think auto suppliers are interesting. what people forget is that these are much better on companies these are names that i think have defensive here and i will leave steve's avis alone

i just -- >> the shorts haven't done anything >> a double from here. >> once they do, you can write it down. >> in my mind. >> it's going to keep on winning. >> all right still ahead. kevin durant who sponsored by nike had harsh words for under armour this week but which brand is really best guy takes to the streets to find out. much more fast straight ahead. who knew that phones would start doing everything?

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no one else lets you do that. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit or go to xfinitymobile.com. welcome back the sneaker wars heating up at golden state's superstar kevin durant took a shot at under armour >> nobody wants to play in under armour, i'm sorry. the top kids don't because they all play nike. >> those comments came when he spoke with bill simmons this week on his podcast. under armour which sponsors steph curry, has been a watered name nike has gained 3% which name is a better play? >> guy >> kd, that's serious shade. that's what the kids are saying. >> whoa, shade >> first of all, david, great job by him he's been all over this adidas thing for quite some time. adidas over nike

been spot on under armour is at an all time low. maybe seven or eight years both right now are a grim death. i don't know the answer to that. so you know what i do, i cheat, no, i go out to new york city's times square and find out for myself, so take a look >> what do you like better >> nike. under armour >> nike, nike. >> nike. >> nike. >> nike. >> why >> better quality products >> because i've only tried under armour once, but i just like the quality of nike stuff more >> because i'm a cheerleader and their shorts are really easy to work out with and they have super cool designs >> looks like you're sporting some nike kicks right now. can we get those look at those things, what do you guys say those are fly? what's the word. those are fresh. >> something like that >> something like that >> was he laugh wg you >> they all laugh at me.

>> were you in front of a nike store. >> i was right outside wise guy >> do you agree with the crowds? >> yes, under armour has serious issues when a growth stock stops becoming a growth stock, this is what happens they got to get their moe joe back, if you can find under armour with the -- that pete talks about, that's a b problem. >> under armour is in trouble because look, q3, i think they're expecting sales to be flat in q4, they're accelerating 20%, which is insane. so they're going to have to guide down nike chart rooks terrible. >> nike -- >> they look bad >> there's brand loyalty, so when durant is talking about this stuff. >> there's market share erosion. >> here's a couple of things it's called david right on the a

adidas trade is that a trade you want to stay on top of? i go the other way nike's being pulled down by finish line. 68% of sales people assume nike is in their boat >> they are not. >> let's check from the court to the yoga mat lululemon set to report tomorrow mike knows a thing or two or downward facing dog. >> does he really? >> yeah, we saw about four times the average daily volume in the options market today basically, we're also looking at a move of about 10.5% by the end of the week which is about average on earnings. we also saw pretty big trades, but several bullish. a 50, 60, 70 ratio call spread, risk reversal not going to go into what that means except someone's making a bet lulu is going to be higher i check ed my credit card statement to be sure the holly index says you might wabt to buy. she's made two purchases since the end of q1. >> i thought you were going to say since the end of last week

mike, thank you. in austin. tomorrow, don't miss the ceo on n"saw othstet e re upext, final trades. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade.

tim. >> miners. >> short seller. taylored brands. six bucks.

>> stay with trades working. >> this one hasn't worked, but i think they flushed it the other day. this nike thing got me thinking. foot locker for a trade there, mel. >> thinking of flush i'm melissa lee. thanks for watching. see you back here tomorrow meantime, "mad money" starts 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 to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. okay, enough we've got to take a step back and look at the bigger picture