for -- >> there's also this weird soap opera, alphabet, an early investor in uber, is also suing -- >> wish we could keep talking about it but "fast money" is coming up. everybody have a good weekend. kelly is back on monday. that's it for "closing bell. "fast money" does begin right now. it sure does "fast money" starts right now. live from the nasdaq market site overlooking new york's times square i'm michelle caruso-cabrera in for melissa lee. tonight, the dash for trash. a number of left for dead stocks are soaring. are any of the names worth buying traders will dive in, to the stocks, not the trash. tesla surging up 10% this week the chart master says the run isn't over yet he'll be here to tell you just how high he sees it going. later, a bitcoin comeback

after one of its worst weeks ever what's behind the climb? our own "fast money" expert brian kelly will be here to break it all down. first we start with the market dow quietly posting its best week in a year s&p 500 topping 2500 for the first time leading the way, the chip stocks, having their boast week in two months. this as many of the f.a.n.g. stocks are cooling off with the exception of netflix look at facebook, google, amazon, all going nowhere in the last month on the flip side, micron, marvel, applied materials, nvidia, all moving sharply higher, 17% for both micron and marvell. >> thanks for coming, it's a friday >> dash, trash >> i say stick with the chips. netflix, you he mentionmentione. stay with netflix.

look at a couple of chips we've been talking about for a while, micron we mentioned. dram pricing continues to be strong this stock is breaking out to the upside we talked about it for the last two or three weeks another name, zylinx made a 52-week high today as consolidation continues to half, i think in this space, we've talked about this before, xilinx might be a takeover candidate. >> this stock is just on fire. >> $100 billion in one day, it moves that much, it's crazy. >> the streets behind this, the investment committee is behind this no question this stock will continue to move you look at marvell, on a path to 65% gross margins, no reason to take your foot off the gas. you bring up netflix i think netflix out of all the

f.a.n.g. stocks is set up, 200 bucks by year's end. >> i get why we're trading on the multiples we are the upgrade on nvidia, i understand that, i see that's where the growth is. i would rather own the gamers themselves, activision, even take two when i look f.a.n.g. versus chips, i actually think google has been dead in the water google is in valuation play. if you ask me, if i forced myself to play would you rather, i would own google all day long. >> what about these comments from the ceo of restoration hardware earlier this week, when he said he wasn't going to bother anymore because they didn't think it was actually working? >> i think the attacks upon google, and again, it's in the media sector where they're giving away the teasers, a lot of pressure on the company in terms of how search is being conducted. you can't tell me this isn't in

the price. if you want exposure to big social media, and again, this whole group of call it vc stuff that google owns which isn't really being priced. there's 4 and $5 billion companies in there alone >> you have to beat the market going into the back half of the year, that's why people are chasing chip stocks and semi conductors for everything tim just said, the connected car, the connected home >> that works in the second half of the year? >> yes we had a huge apple iphone announced, that created a lot of buzz around semi conductors. with the internet of things, you need things reaching out to the internet, connecting there, things that are processing, memory you need things that are collecting data points so memory storage is going to be a lack of supply into the back half of the year >> the story is playing out for them 100%. f.a.n.g. stocks do great, but amazon has a spend issue

>> they're mired in the conflict that facebook is mired in, google is mired in we're not saying they won't do well what about outperform? semi conductors, the dram that guy mentioned, i sold right around $30, i missed the last 10 or so percent. i'm not sure that that one can run further. i would say nvidia is the shocker. that's the one that's outperformed, the one that everyone says you've got to sell it and day after day, the thing outperforms. >> you mentioned facebook has its trouble. >> you see how maybe a third of all twitter accounts are bots, i don't even know what a bot is. facebook had data saying, maybe some of their ad metrics are fake i mean, they were talking about being in a demographic, having 40 something million people in the demographic, that doesn't have that many people in the united states. they seem to get a pass, maybe but i still think that at some

point it all comes back to facebook we've liked facebook for a while but i think there will be some headline risk going forward. >> everyone was on the same side of the boat. we're through earnings season. facebook's numbers were fantastic. >> right >> with an nvidia, at least you're in sectors right now that people really don't know, sky's the limit. people are slapping 40 to 50 eps growth from 2017 to 2018 i saw reports going out to 2020. if you can do that, it's worth trailing >> when you have the street racheting numbers up and projections up, stocks inflate like crazy >> the negative story was the crypto currencies, having a negative impact on a mchlmamd, a crypto currencies, people reversed and bought the stocks >> are the chip stocks a

leadership group for the broad market >> i think all of tech generally is going to continue to lead the market higher. i think the chip stocks will continue to perform very well, as i think f.a.n.g. in general will perform well. >> what did you buy today? >> i didn't buy anything over the course of the week, the european financials have been in play i added to macy's, i added to united, that wasn't a good move, the airlines are overdone. >> facebook i think is set up well facebook i continue to own, i think they continue to ramp. >> vista outdoor, vsto, that's the new one. it's highly leveraged name it's a binary outcome. vsto >> salesforce down 7/10 of 1%. why did i mention it we did this together last night.

down 7.50%. >> we said if salesforce can have a decent day, you have to be impressed quite quickly, we had north korea sending missiles last night. >> nobody cares. nobody cares >> we had a terrorist attack in london we had north korea and the vix plunges below 10 >> these chip stocks at these multiples don't work in an s&p that's at 2200 the market just broke all time highs. these are the you met momentum stocks if people were challenged with the s&p, these are not names -- >> crucial point in the s&p cash, 2500 big fat round numbers. once you break through resistance, it's usually an easy glide up from here for the next 25 to 50 -- >> why are people buying tesla something a growth manager can get their head around. there's numbers put in place on the growth metrics forcing

people to these trades in a fierce way coming up, these left for dead stocks making a major comeback is it a dead cat bounce? plus the crypto currency climbing back after getting crushed. ryan kelly making a special appearance on a friday to break it down. tesla's big move this week, one trader pounding the table, he'll explain why he expects big gains ahead. much more "fast" after this.

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welcome back to "fast money. stocks that have been trading like trash started to look like treasurer. check out movie theater chain amc, down a whopping 52%, however up 28% in the last month. snap, advanced auto parts, blue apron and macy's all down from their 52-week highs. but snap is now surging 23%. blue apron jumping 7%. macy's up 6% so are these left for dead stocks starting to show signs of

life, is this sign that the rally is broadening out? >> it's also the inverse of what we talked about last block big secular themes that have people throwing a lot of capital at certain parts of certain sectors. same thing going on in retail, in movie theaters, in certain parts of consumer discretionary. a name like amc, a lot of negative headlines, stocks 40% off those lows obviously they overdid it a bit, this company is not going out of business overnight the concessions are doing quite well am i rushing in to buy movie theaters here? no, but it tells the story of how sectors can get overdone macy's, you have real assets you can value. >> it's 6.8 billion market cap, which you think about, even if you throw stuff on a whiteboard now, it's got to be worth north of -- i love throwing stuff on a whiteboard it has moved off the bottom.

but when you start struggling to find things that haven't performed, you look for energy, you look for retail. is it going to last to year end? i'm not sure, but retail names right here, i would say that if they're still under pressure, private equity takes them out. you have sort of a pseudo floor in these names >> none of the names just mentioned, the trash names, are investable stocks. they're tradeable stocks you trade snap, you trade in a range, you'll trade a macy's, maybe to the mid- to high 20s. macy's is a trade. they're not names that i want to go out and buy and hold and just walk away. >> high 20s, that's a 35% -- >> 25 bucks. that move is not a significant enough move for me to want to buy the stock from a risk/reward perspective. >> that's what he was talking about. >> i own macy's, 19 and a half

bucks. macy's is worth a lot more than this i don't think their business is getting a lot better i think the valuation is not -- >> speaking of trash, bitcoin traded like trash, this week, that is until today. as of yesterday, it was tracking for its worst week since 2013, falling below $3,000 after fears of a china crackdown but the crypto currency making a big turnaround, surging more than 20% off its lows today. to break down its wild ride this week, let's bring in mr. bitcoin, brian kelly, who joins stay with us on the line from massachusetts. what happened? >> the honey badger doesn't care honey badger don't care at all that's what happened the chinese said we're going to ban bitcoin exchanges, they want everything closed by september 30th what happened today was news that the two largest exchanges would be allowed to stay open until the end of october people are starting to read into that that perhaps there's going to be a duopoly, a state-owned

or state-sanctioned duopoly of these two exchanges and they will allow these exchanges to stay open and be licensed and it won't be as horrific as everybody thought it was so you had a massive run off the bottom, almost 30% from the lows to the highs today >> how important is china? i mean, every single product that's out there, we say, wow, china is super important but bitcoin seems a little different. there's interest in all different parts of the world do we know what china represents, market share, if that's the right word? >> it is the right word. so about 90% of the volume, the trading volume per day used to be in china. that's down to less than 15% right now. south korea and japan have really taken over the mantle for that which is why i think china can't outright ban bitcoin they're not going to want to let their competitors get into it. it's more of a psychological thing. and you had some forced liquidation because chinese investors had to get money out

of there before the end of the year china is a relatively small piece of it right now. >> b.k., wouldn't you say the last couple of days is indicative of the risk in bitcoin and it's not for the faint of heart i know you're a dedicated bitcoin guy. but for people who don't really know the process and can't stomach this, is there a better way to play bitcoin other than straight out buying what you buy? >> so to answer your question, even for a diehard bitcoin guy like me, days or a week like this is not easy to stomach. this is an extraordinarily volatile asset class i tell people, take 1% of your assets and put it into this if you're interested in it, because if you're right, we're talking about 10x. if i'm wrong, it goes to zero and your life doesn't change that's the first thing i'll say about that there are ways to play it. the problem, we talk about gbdc, which i think is a great product except that it trades at 100%

premium. so i think it's just as easy to open a coin-based account and buy some bitcoin and forget about it >> all right, b.k., maybe we'll do that. let's ask these guys b.k. calling in for that what do you guys think >> i think b.k. is a genius. that's not hyperbole, he may have had some cocktails, i don't know what that honey badger comment was. that being said, how do you play it nobody is going to go out and speculate in bitcoin, nor should they a stock like amd that at least is involved in it somehow, if you overlay an amd chart and bitcoin, you'll see they trade neck and neck. if you think bitcoin is going back up, i think amc is the way to play it >> i think bitcoin is amazing. brian is a genius, i agree with you. i think the institutional ownership of this hasn't started yet, you can't custodian

bitcoin. once you see institutional buy-in, it could be trillions. there's a massive opportunity, i know jamie dimon pooh-pooh'd it yesterday, i get it. this is a revolutionary product. ahead, this down stock you're looking at right here, there it is, is up nearly 30% this year. but a top technician sees something that could spell trouble ahead. meantime, here's what else is coming up on "fast. just keep buying >> that's what a top technician is saying about tesla. when you see the charts, you might agree. plus "fast" is going to hollywood in search of emmy gold and perhaps the two stocks that could walk away. thbie g winners this weekend the names when "fast money" returns. ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions,

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welcome back to "fast money. breaking news on equifax courtney reagan has the details. >> hi, michelle. this news just crossing from dow jones, equifax's chief information officer and a chief security officer are retiring effective immediately. the company has already named their replacements we don't have the names of those individuals quite yet.

we're just getting the headlines right now. of course this comes in the wake of that massive data breach. the retiring executives were not those involved in the stock trades that we had previously discussed. the stock isn't moving, though, on this announcement michelle >> retiring, i guess that's the word for it. >> interesting timing, isn't it? >> thank you, courtney >> what day of the week is today? >> friday. >> what was this day last week >> friday. >> what did they release that last friday? this whole thing, right? >> 143 million >> uncool. if equifax is watching, which i'm certain they are, guess what, folks, somebody's going to pick it up, it happens to be us right now. if you want to put the news out, put it out during the day, not during after hours david thinks it's valuable, he may be right i still think the stock goes down >> the lowest on the street is 110 bucks. >> targets are going to come down, it's washed out below 100 bucks. it's tradeable right now you're going to see news start

to in general improve. all the stuff coming out of d.c. now. >> elizabeth warren. >> you have to wait for a couple of days of higher lows before you start to trade it. but i do agree that you could have a sticky client base. we've talked about this. it's not like chipotle where everyone walks in fearing a burrito. switching gears, tv gearing up for its biggest night of the year, the emmys taking place this sunday. the awards show will be a battleground as streaming giants netflix and amazon get ready to take on traditional media. julia boorstin is in l.a. with a preview. hey, julia >> reporter: hey the emmy awards are the streamers' opportunity to show gains. they lure tv viewers to sample a

show the streaming upstarts have been making gains netflix has 91 nominations, 70% than last year, putting it behind only hbo with 110 nominations despite "game of thrones" not qualifying. hulu made big gains, jumping from two nominations last year to 18 this year. amazon was in third place with 16 nominations these three giants have been doubling down on original content to better compete for streaming subscriber dollars note flicks says it will spend $68 billion on content this year amazon is spending $4.5 billion this year. hulu said it would spend $2.5 billion for the u.s. alone "this is us" produced by fox has 11 nominations, airing on nbc. if it wins, it would break an

11-year dry spell. i'll break all the numbers down on monday. >> that would be a comeback, thank you, julia what do you think, guy >> i think it's fantastic. you want me to give you a trade? you want me to give you an emmy award winning trade? >> yes >> could you >> can i do that for you it's an award winning company with a pristine balance sheet, with a stock that continues to make all-time highs in a space that people don't appreciate in my world, it's celgene. >> all right >> i think it's netflix. i stay with netflix, a name that i said would be 200 by year's end. their q3 will be exceptional, just like their last quarter it's all about the sub >> you're not worried about all the competition? look at all those numbers julia put up >> i think they're chafing sing. i've been wrong on netflix for a long time. it's not about content, it's a distribution company lion's gate, this is more for the movies, their tv is weaker, but this company is hitting it,

especially on motion pictures. >> square, up 110% they get the emmy award. square >> before we go, we get the best, best interns in nbc, my man austin hunt is leaving, he's going to do amazing things within the nbc family. >> don't move because option action is next sfx: t-mobile mnemonic sfx: netflix mnemonic sfx: t-mobile mnemonic sfx: netflix mnemonic sfx: t-mobile mnemonic sfx: netflix mnemonic t-mobile's unlimited now includes netflix on us. that's right, netflix on us. get four unlimited lines for just forty bucks each. taxes and fees included. and now, netflix included. so go ahead, binge on us. another reason why t-mobile is america's best unlimited network. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points

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hey there. we're live at the nasdaq market site on this expiration friday guys getting ready behind me while they're doing that, here's what's coming up in the show >> ludicrous speed, go >> tesla's shares are on fire. something in the chart suggests new highs ahead. we'll break it down. i don't live home without it >> that's because american express shares are doing something they haven't done in a while. it may spell more gains ahead. we'll show you how to