oracle conference. it's been a pretty strong performer. >> it's a great performing stock. we'll see if there's anything that can be a catalyst from here on out >> we're having such a good time, we'll do this again tomorrow thank you for joining us that's "closing bell." "fast money" starts right now. see you tomorrow "fast money" starts right now. live from the nasdaq market overlooking new york city's times square tonight on "fast," energy is surging as oil pushes close to the key level. we'll tell you how to play it. plus items crypto disaster, bitcoin getting crushed, down more than 10% today alone. now officially in a bear market. tom lee says it's still the best investment you can make this year he'll be here to explain why he's bullish

later, fake news is the biggest threat to tech right now. kara swisher will join us to tell us how bad it will get. one group of stocks is in overdrive, that would be autos toyota 4%, ford up 6%, gm up 9%. fca up 33% the question is simple do you fade or trade >> i would say fade. i'm sure i'll get pushback from my point of view, ford motor company went from 10 1/2 to 11 1/2 without question over the last four, 1/2 -- 4 1/2 years. gm, a little different

i think both stocks need to prove themselves in the case of gm it's over 40 in the case of ford, 12 1/2. i would rather wait for the break to try to buy it >> the pushback is, gm continues to execute they're growing their gross margin the stock is getting cheaper and cheaper. this is more about a sector that the jury was absolutely out on now that we're in hard times, just because we hear, when in fact these guys have been profitable, you take this run at gm, in fact it makes sense to me the stock is rallying when news is bad because it wasn't rallying when news is good >> karen >> i agree, to me, i was noting it to get from there to here i still think there's a lot more room the mobile is ridiculously low i understand there's cycles in

the business, but it was discounting so much, it wasn't until we started to see autos go down >> how much is improved pricing, whether new or used cars, we've seen these charts take off in the last month or so how much is that part of the equation for a ford or a gm? >> if anything, i'm hearing cents per quarter, pretty crazy. to me, the trade is absolutely jammed i'm not excited by the pricing trends if gm is going to -- >> you're not excited -- >> that's a big part -- >> the run on gm started months ago. >> fiat chrysler is up, that's been an out-performer. i'm talking about ford ford is definitely based on pricing and that continues >> i think both hurricanes gave sort of a jump-start or helped further along the rally. we'll get that new demand there,

which is really just pulling demand forward nevertheless it was enough to jump-start the stock off where it has been stuck for so long. i would not be selling gm. >> you have to believe when it comes to ford and the one-month gain we've seen in ford shares, 6%, because it didn't participate prior to that, really, the hurricanes will be some sort of a lasting impact. this will be a mother nature's cash or clunker sort of thing, where there is is a transfer of wealth, that cars have come out of inventory and pushed prices higher >> one-quarter, two-quarter phenomenon >> exactly >> my pushback of tim's pushback would be, when i say approve themselves, i agree with tim, gm and ford have done many things right over the last four years my problem is they've done many things right, the stock market has worked for them, but the stock performance has been, quite frankly, the opposite. when i say prove themselves,

it's more of a price action point of view. >> gm is up 11% on the hard hits, the last a couple of weeks. all of them benefitted, whether it was outside -- >> sure. i'm just saying it's up 26% over 12 months, still sizable gains prior. >> let's stay here, other than to say the industrials in this sector is very cheap, and they've all run. if you look at names like caterpillar and other names that could fall under the same place. i also think at some point, the fact that these guys may not compete in the future of cars, is actually a case where a lot of these cars will be obsolete i think cars will be traded in and people will need that new gm in two or three years. we know they're well at work here, these guys spent the last three or four years scrambling to be in the autonomous side or disruptive part of the auto business to say they're going to be left out to me is crazy, when we hear

that every company has been mandated to have, you know, some percentage of their sales be ev engines by 2020, 2030, and be totally obsolete in 2040, these guys will share in the same way. they're going to compete in the ev vehicles. bmw has one now. so that to me is part of the story here >> we haven't included in this auto discussion. they sell autos. >> hardware. >> right >> we asked i think a few times, when we've had mr. jonas here, the question we asked him was, are you the right person to still be covering tesla, or should it move to -- and he said that's a great question to have i don't know what it is. but i know the stock has done everything technically right now it's against levels that like gm and ford, tesla needs to prove itself >> if i gave you a would you rather, if i gave you general

motors or tesla right here, right now, what would your answer be? >> tesla >> tesla >> wow >> has to be >> why does it have to be? >> it's like whack a mole at tesla. it gets people on their yields and anything goes right. >> i agree with everything you just said. that's the reason why it can't be you have no idea where these numbers will come in the stock has responded. >> it's 76%. >> it's a software story it can't be an auto story. if it is an auto story, they better have a million car lead over daimler and bmw in 2020 to stain the dominance in the ev world, which is what it's supposed to be all about >> absolutely gm >> absolutely gm >> you thi> i've been negative forever. i don't flip-flop. >> that's great but one is up

11% is one is up 76% >> the reverse of what it's going to lose this year. >> tim, i'm giving you yesterday's lotto numbers and you're saying no, those aren't correct. it's up 76% year to date >> you're asking what stock i'm going with absolutely gm, not only because i'm long the stock why would i change today just because they announced a truck is coming out? >> i didn't say the truck is the reason to change i said it's up 76% >> steve, let me just push back a little bit, though to me -- >> this is not made for you. you're a value girl. >> it's a risk/reward. you have to look at the downside as well. >> at what point should we have said that, when it was up 40%, when it was up 30% it's up 76%. >> it doesn't matter the question is tonight. >> fast drawdowns in tesla in the past >> you would have said from right now. and there's a lot of money on

the table. i'm not being insulting, i'm stating a fact >> that is true, tesla was the way to go. you think there is no point -- >> i'm saying it's a dangerous stock. >> that keeps the stock elevated >> let's move on >> moving on >> check out our move for the day, highest level in five weeks, despite energy's underperformance this year it is the best performing sector is so for this week. our next guest says this is only the beginning of a major comeback chris, what are you looking at >> we're looking at oil today. it's important to remember, this is a time of year where laggers tend to rally. oil is a great example it is wti, we'll start there first. we bottomed in june. we're pushing up against that 50/50 key level. it's also where the down trend that's been in place all year

meets this chart i think ultimately it breaks out, in reality this has been a base taking shape for much of the year one of the reasons we think wti breaks out here is very simply because brent, the world's oil, has already broken out got above 52 brent broke the down trends, bottomed in june brent leads. brent broke out. wti follows. we think 56, 57 is ultimately where oil heads. how do we play it? we can own some of the stocks here this is eqt, which has quietly been bottoming for much of the year it did not make a new low when the rest of the energy sector did. it held the $60 level. we think ultimately on its way to 70. one more a big cap name this is chevron, cvx again, quietly throughout the year higher low, higher low, higher

low. held key levels, broke out through 111. we think ultimately 120. oil bottoming. it looks like brent is leading eqt and chevron two ways to play it >> i think chris comes over. >> has to. >> arielle is bringing the chair over, thank you, arielle all right, chris you take a look at the charts of oil. do you have to also take a look at the charts of the u.s. dollar >> oh, yeah. there's a couple of things that are interesting. when the dollar was under pressure, oil didn't respond these correlations that we've looked at for years and years have really broken down in 2017. one of the reasons this has simply not been a business cycle, this has been a central bank cycle a lot of relationships we all rely on have simply not worked i think the other important thing here with energy, let's differentiate between trade and a secular move i'm not in the camp that this is

i start of some multiyear move this is tradeable at year end. this is the time of year and laggers rally. >> big cap, big integrated names like exxon, chevron have been horrible for nine months recently they've shown signs of life do they have room at year's end or are they dead monday still? >> there's a reason we showed chevron rather than exxon. chevron is a better chart. rice energy, a little smaller, is interesting we have to find names, though, that did not make new lows a week ago, stocks that were already getting better before this rally started >> let's say i want to invest in any of those names that you specifically mentioned does the xle chart look as good >> it looks similar. october and november especially is the time of year where garbage can go up. we're seeing it in retail as well

this is not energy, this is broken down retail stocks. it's all part of the same trade. look at it to be measured in months, probably not quarters. >> for enginergy >> and retail. >> exactly >> black monday, whatever it's called now, whatever the right day is, but for energy, or any dog, why now >> very subtly we're seeing pickup in inflation expectations look at the break-evens, germany, u.s., uk, quietly have picked up. they want to see u.s., uk rally. i think energy plays that. the dollar is weak this may be catch-up >> this is the least loved sector of all, everybody is on the other side of the boat

>> you're absolutely right that may be the right view if we're taking a five-year approach in the context of the next two or three months, it's probably underowned you're seeing how quick these moves are. it tells me there's a lot of short interest don't be surprised if there's more to go here. >> chris, thank you for being here >> i think it does depend on the dollar and crude those correlations are on again, off again, they're worthless but if you look at the xle, the xle depends on crude staying right around that $50 mark if this broke a trend line that chris pointed out, if this gives up the ghost, you have to bail on the xle as well >> i think this is more about fundamentals i acknowledge where positioning is i've been long three weeks hail burton a halliburton and xle. we're at a place here where we've seen a lot of the hedging fall off we know most of the u.s. shale

is probably profitable at 65 bucks. and i think a lot of these ceos will lose their jobs if they don't do something for equity investors. they're not giving capital back. if these guys are so cash flow generating here, they should be doing something on the other side >> the hurricanes created demand destruction which created names to be sold, fine products squeezed that's what you see reflected in the wti crude chart. let's see if it lasts another week to see if it has any longevity. >> chris does a great job. rich ross does as well, brilliant. a week and a half or so, rich ross was talking about energy. and exxonmobil is one of the names. he says one thing and we push back and said, for the first time in many eight or nine months, exxon is over 80 now, very quietly the other thing, we're pushed up against levels we saw two years ago, that worries me a little bit. coming up, more cord

cutting. no problem that's court cbs' ceo les moonves. why a skinny bundle could mean bad profits for the media giant. bitcoin has lost $23 billion in market cap since september 1st. tom lee is sticking to his guns. he'll be here to make the full case for the crypto currency you won't believe how high he sees it going. oracle a huge leg lower, giving up post-market gains. conference call just got under way at 5:00. we'll hear from the c suite. much more "fast" after this. is this a phone?

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lower, 64 to 68 cents, total revenue between 2 and 4% q2 crowd revenue, growing between 39 and 43% the street clearly disappointed by that forecast the ceo is now on explaining more about these numbers, giving a little more color. i'll bring you those headlines as soon as i can, melissa. >> i'm sorry, josh, the revenue growth guidance is up 2 to 3%; is that correct? >> reporter: 2 to 4% total revenue, 2 to 4% the cloud revenue guide, 39 to 43%. >> the street was expecting 5% revenue growth and eps of 64 to 68 cents was their guidance, 68 cents was consensus. so falling short for the fiscal second quarter cloud revenue up 39 to 43%

we were just talking about this, all time record high and here we are. >> it's all about cloud, though. they made such a major investment and most people thought they couldn't get it right. i wasn't sure they could get it right. i thought that switching over to cloud bases was going to take their margins out. they grew aggressively that's the problem with cloud. the growth you can't count on because everyone gets so crazy about it, it's like the amazon story. it becomes a commoditized experience, all these companies should be sold >> was the cloud issue specific to them? >> i think that's the question >> 2 to 4 versus 5 >> these guys set the bar very high they said double digits. getting even to 10%, a couple of guys on the street say that's going to be very challenging

they have converted their business successfully. >> sales force is down 1/2 percent. valuation, you can come down on both sides of the fence. 69-ish is not bad. others could say it's expensive. my looking at the stock, it made that high today, reversing lower. you have to ask are we in huge danger of this major double top from 18, 19 or so years ago? that becomes interesting you have to let this one play itself out >> down 5.2% we'll check in with josh lipton a little later on. let's move on here more and more people are cutting the cord cbs chairman and ceo les moonves says it's a good thing for the media giant. here is what he said earlier today on "squawk on the street." >> when people are cord cutting or leaving cable, they're going somewhere. they're not going to the thin air. we're also involved with skinny

bundles, the ones doing smaller packages of 40 channels. as well as we have cbs all access and showtime over the top which are direct to consumer offerings. no matter how you want your cbs, there's different ways to get it if you leave one service for another, we're still there and getting paid more for it >> investors not buying it, stock finishes lower by 4% >> i don't know if i agree at all, it's coming back, it's got to go somewhere. in fact i think people have been eating too long at this buffet with all this extra food they never needed to eat, whatever metaphor you want to use i'm not sure every dollar needs to come back to this space there's a whole generation of folks who are not used to paying $250 a month for cable >> if you're the guy supplying roast beef and people don't want

to eat roast beef anymore, that roast beef purveyor is out of luck that roast beef person could be cbs. >> if you have the brand of roast beef that everybody wants, it's going to be on every buffet and maybe the only thing there >> in my opinion, i guess the roast beef is the nfl. >> that's the king of all beef >> tim is saying maybe that roast beef is a little aged now. >> it's almost beef jerky. >> there are declines. >> there are vegetarians out there. >> people say it's not a big deal at some point it becomes a big deal it seems as though peak viewership of the nfl happens sometime in '15 or so. it seems like the trend is going the wrong way. les moonves will say it doesn't matter, it's still a premium product, it's still roast beef >> peak content costs for what these guys were paying, i'm not sure where we are with the nfl

there's going to be negotiations for rights for new games coming up but if you think about the numbers they were getting on those last contracts, will they get the same ones? it all counts to the cost of the content. coming up, the story of the after-hours session, oracle stock down 5%. we'll give you the comments from the c suite. i'm melissa lee, you're watching "fast money" on cnbc, first in business worldwide here's what's coming up on "fast. >> i can't do it >> that's how bitcoin investors feel top wall street strategist tom lee says buy the bitcoin bear market he'll be here to tell us what has him so bullish plus extra, extra, read all about it a top investor says fake news is a real threat to facebook and google kara swisher weighs in when "fast money" returns cme group can help you navigate risks and capture opportunities.

we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.

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least for the dow, hitting an all-time high for the first time in more than a month check out shares of oracle, sinking on disappointing guidance that conference call is under way. we'll hear from larry ellison once that call ends. kara swisher will tell us what she thinks the biggest risk to big tech is right now. first, to the biggest story outside of stocks today. bitcoin plunging again today's drop putting the crypto currency into bear market territory. seema mody breaks it all down for us >> reporter: this is hardly the crypto currency's first time experiencing a drop of 20% or more bitcoin has seen four such declines from a 52-week high in just the past year, including this month going back even further, bitcoin

saw three separate declines, 40% or more from february of 2014 to the end of that year still, the worst decline occurred after the crypto currency first hit $1,000 in november 2013. it eventually fell below $200 in january 2015 that's a loss of over 80% of its value. now, bitcoin fell as much as 15% today, its biggest drop since january of this year since the beginning of the month, the crypto currency lost $23 billion in market cap. that's about the same market cap of best buy or cbs, big moves there, melissa >> certainly are, seema, seema mody >> it's painful, for sure. this is why you size a bitcoin position, not so big i won't be trading around it because they won't know when to get in or out. i really believe in the bitcoin story, the evolution of crypto

currency i believe that i don't know how it's going to evolve over time but i know that i want to be there you know, you've got to stand days -- not days, weeks like we've had today. but that's how volatile it is. i'm sticking with it, i believe in the story >> as a value investor, can you implement the same valuation techniques you do on stocks to bitcoin? >> yes when i own a position, i think what's the most i'm willing to lose down 20% is normally it. i don't want to lose 1 or 2% in the position bitcoin is very much at risk you have to size it that much smaller. that's the sort of value of the portfolio management >> karen, a theoretical question you're expecting a highly speculative instrument i've seen a couple of bitcoin fund offerings, a friend of mine is offering one with a 25% hurdle rate. that implies you're here to make a lot of money

how can something that's speculative be a reliable means for -- >> it's not. they don't make sense. >> despite the fact that i agree in the reason for it i agree that every major institution, by the way, including jpmorgan, i said this two days ago, it's their form of being involved in it, every major bank is going to be in this business. the question is, is bitcoin the token you want to follow >> let's get more on bitcoin, despite the plunge on the streets, tom lee was on the show, i asked him if this would be the best bet for this year. the question was bitcoin or stocks here is what he said >> between now and year end, it's easily bitcoin. >> easily bitcoin. we brought tom back on set to tell us why he would still buy bitcoin. tom, what do you make of these drawdowns? you seem to be regulation sort of provoked selldowns, actions

from china banning icos, shutting down bitcoin exchanges by the end of the month, et cetera >> i think there's two factors one is, there is a liquidity effect china exchanges are 30% of bitcoin volume if you're going to give notice to shut those down, there's going to be forced selling i think that's what we're seeing as seema pointed out, there have been seven times we've seen a drawdown of this magnitude you know, in 2015, bitcoin was 183, now it's 4,000. but the second part has obviously been, you know, a lot of folks talking about bitcoin being a bubble or a fraudulent currency i think you need to be on the other side of that very strongly >> but why >> bitcoin is not as widely held as people think. there's only 300,000 holders of at least $5,000 of bitcoin think about that, that's like

saying the iphone was a bubble in 2007, four days into the sale, because there were 400,000 iphones sold there's not that many holders of bitcoin. when you think about how many wallets today that hold $5,000, it's huge. it's still early stages. i think it makes sense -- >> why is that not a negative? >> less hands makes it more speculative, more volatile, more bubbly, more like tulips >> bitcoin is a fat protocol, meaning the actual network itself is generating the value so that the visa of bitcoin isn't going to be as valuable as the blockchain network itself. for instance, to make a fraudulent transaction on bitcoin today, it would cost almost $30 billion to create one fake bitcoin so it's a very secure, trusted network because of the nature of blockchain i think it can be very

threatening to financial institutions to see that, hey, trust is created within a network, a distributed network by the way, from a generational perspective, i think people under the age of 30 think that makes perfect sense. it's not the normal today. >> where should the bitcoin trade, what's it worth, what's it worth in a year, two years, three years? >> well, i think that the best framework still, and it's not worth it to try to look at bitcoin as two weeks ahead or whatever, is to think of it as a store value. the way people in the '80s treated gold as the store value because they never trusted dollars, another generation of people thinks of bitcoin and the blockchain it embeds is the store value. if it's 5% of gold in five years, it's 25,000 per unit. >> 25,000 in five years. >> and -- yes. and it's 3300 today. >> i'll ask you this question again, because it's one month later. what is your best bet for the rest of this year, bitcoin or u.s. stocks?

>> again, it's easy to say it's going to be bitcoin. but there is volatility. but i would say bitcoin is certainly higher than it is today. >> it sounds like you're backing down from that prediction back in august. >> no, i'm not i just unequivocally believe bitcoin is your best investment. >> unny qu ee kwiequivocallyuney tom, thank you tom lee. >> how can it be a way to conduct commerce and still have the volatility it has? it's either a currency in which you conduct commerce or it's a speculative tool >> but it's much more widely held >> i understand that but at a certain point i think it has to -- what is it? >> what is backing bitcoin we know it's backing u.s. dollar >> you can say what's backing gold you know, a cold metal to tom's point about the fewer

number of wallets, as at the moment being a negative, as we see bitcoin accepted more and more places, you're going to have more and more wallets that will own bitcoin >> i think the easiest way for a layperson to play this is overstock accepts bitcoin, amd semi conductors, nvidia. those are much more safe than buying bitcoin for me. ahead, oracle tanking in after hours. we'll have comments about investors hitting the sell button plus facebook and google pulling out the stops to combat ike news. ist enough kara swisher joins us, next.

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welcome back to "fast

money. i'm josh lipton. oracle's stock lower in the after hours. oracle's larry ellison trying to sound a confident, bullish tone on the call, as always, calling out the competition. take a listen. >> you compare that to workday or salesforce, the two other major application players in the cloud. they're not even close so we're much bigger in the workday applications they're a primary competitor in hcn and erp. salesforce has been at it for 15, 16, 17, 18 years, they've been at it for a long time but we sell more new applications customers than they do every year. in fact let me be clear. we sell double, double what sal salesforce sells in absolute dollars. >> on the call, it was when they gave guidance that you saw that

stock take a hit the total of 2 to 4% the q2 cloud revenue guide of 39 to 43%, that's when you saw the stock take a leg lower they were mentioning seeing continued success in certain applications, erp. they keep seeing real logos, they keep mentioning a big backlog they hope to followed into q2 and q2 high talking about mark hurd, what he sees ahead for q2 and q3 >> last quarter was traditionally weak for oracle. yet they're missing on the guidance for the current quarter. josh, thank you, we look forward to those comments. josh lipton out in san francisco. crm is trading lower >> a percent and a half. i think oracle, the potential for double top is scary for me, $48 is where it ratcheted up from in july, that's where it

needs to hold. if salesforce is in fact in the lead, that's a stock you want to buy. >> oracle is not a cloud issue, it's an oracle issue >> if in fact salesforce trades well tomorrow. >> oracle is way cheaper than salesforce again, i'm hearing platform as a service is lacking people need to see better conversion rates on that part of the model. it's no question that oracle is want best place to be. the execution they've put in place makes it interesting >> we're still watching the action on oracle which is trading sharply lower but off the after-session lows here is what was said earlier today on "the halftime report." >> want idea that there is only a fake news issue is not true. it is a fake content issue

if you introduce content that's fake and you can't dis a.ambigu advertising versus content, it can be a recipe for disaster >> let's bring in tech reporting legend, kara swisher you laugh at it but we mean it how big a problem is this going to be, particularly for advertisers? >> i think it's a big one. i think facebook is doing the slow roll towards understanding it and acknowledging it. they've moved from it's no big deal to maybe it's a big deal to maybe we should deal with this to releasing small numbers around the russian issues. you know, i think the issue is crap in, crap out. if you muck up the system and you have bad results, either on google or facebook or everywhere you get your information, you're going to have a problem. it creates a beautiful suburb that suddenly you see glass on

the ground they have to acknowledge, at least facebook does, they're a media company, i argue with them all the time, they're a media company, whatever that means in this day and age so they have to act a little bit more like a media company. >> is this something they can fix themselves, google or facebook is there anyone else that can help them fix it >> help them do technology i don't know, i feel like they're pretty good at that. they brag about it >> i'm long google, long facebook >> the government? no the government is incompetent at technology we don't have many technological people in the government right now. at some point there's going to be some regulatory issues. we reported and broke the news about congress looking at this issue. you've got robert mueller looking at it around the russia hack so it's going to attract more attention if they don't clean it up they clean up advertising and spam and everything else i don't want to hear that it's a difficult problem, but they have to fix it up

>> kara, it seems like everyone has the same problem it's hard to detect. >> right >> if everyone has the same thing, they're all on the same playing field, does it really matter in the long run is it a negative-negative but it becomes a neutral? >> everybody has the problem they control advertising online by far they're a duopoly, if you think about it, they control online advertising. therefore it's their problem, it's noteverybody's problem, it's their problem facebook does 60, 70% of the distribution of news i think it was at least 60, people get their news from facebook obviously google is a major player in this area. can you imagine amazon getting bad results on search? it's a business that you wouldn't even question the situation. >> you get to the point where advertisers turn away from online even if it's incrementai? >> no. but to keep a business that people get great information i don't mean they have to pick and choose between certain sides

or anything like that. i think that's where it moves into this is fake content that's exactly right, it's bad content, it's spam if they think of it that way i hear i know it's hard, this and that, they try to blame the press and partisanship the fact of the matter is they've created these online platforms and they're not benign, they have responsibility let me talk in a way tech people understand, because they love superheroes. with great power comes great responsibility, especially facebook, they have this responsibility, because they're attracting the attention now of government we'll see. >> instead of fake news, let's talk about potentially fake ad data a week or so -- >> that's the other part >> is that a big deal? >> yes >> we killed twitter, the market killed twitter for however many bots are out there >> by the way, i put twitter in that group of twitter and google too. they have to clean -- the same thing, bullying and everything else google is very good at

advertising. i don't think they have as many problems but i think the ability to report correctly to advertisers is important to advertisers. i don't know why that's -- it was an issue with television or radio or anything else you've got to know as an advertiser that -- or a publisher publisher, that you're getting the right data from these companies. they'll have to share more of it in the future. i don't see how they can't i'm trying to think, like i don't do facebook live anymore do i get money, do i get more famous i don't know why i'm doing it. >> you can't get more famous >> i know, i'm famous in san francisco. and maybe austin >> and on the "fast money" set >> the issue is, they've got -- it's the same issue. you've got to create a trusted environment for content, for advertising, for data. and they have. they have done an astonishing job. let's not say that mark

zuckerberg and cheryl sandberg haven't done a tremendous job at building it's just they've got to create a trusted environment no matter what they're doing >> kara, thank you the famous kara swisher from recode recode >> soon to be mayor of san she can't become a guitar legend just by playing air guitar. the baby's room won't build itself. and her paw won't heal on its own. we're all working forward to something. synchrony financial can help your customers make it happen sooner.

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have no idea what the "e" is i don't love buying things where i don't know what the "e" is there's so much more to come here i wouldn't -- if you're going to do it for a trade, okay. i'm still short half >> how sticky are the customers, you asked. i think that's a really big thing. it's not like chipotle, where you have the customer that was all of us. >> these were contractual customers. >> how sticky are those letters? you have two other competitors there's not a whole lot of other choices that you can make. so for a trade, i think you still have to wait, i think karen's in good shape with her short. but eventually i don't think this is lights out for the stock. >> it's impossible to figure out, there's so many facts still coming out jpmorgan said they still see a 10% drag on eps.

if you think about what they've taken off in terms of market cap. but you can't go out and buy this thing tomorrow based on that >> malfeasance to me is illegal wrongdoing this is more ineptitude. it doesn't matter. karen had a great cover of her short. if nothing else, something to trade against. i still think the trajectory is down >> check out the full show options action tomorrow at 5:30 p.m. eastern time. up next, final trades. hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim.

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let's take a final check on oracle, losses now down 3.1% it had been down 5.5% at the after hour session lows. josh lipton will be talking to mark hurd and will be reporting on that tomorrow i don't think ferrari is priced like auto, it's expensive on the seller of ferrari >> gm is priced like an auto but it's priced too cheap. >> like an ougauto >> i liked it earlier at a lower price. but the valuation hasn't moved enough i would stay long gm >> outdoor is a volatile stock be careful >> do you think the tribes will keep winning >> the windy >> straight win.

>> great segment today, mel. >> you knew that how >> i can't believe i'm about to say this exxonmobile, held at 76 last week, first time in a long time. >> thanks so much for watching see you back at tomorrow for more "fast money." "mad money" is jim cramer 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 the people want to make friends, just trying to make you money. job not to entertain but teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. people are always preparing for the big one.