i'm an instant ink subscriber >> gamestop is valued as a fast melting ice cube if it could be a slower melting ice cube -- >> if there's stronger turnout for iphone, then benefit from that that does it for live from the nasdaq market site overlooking new york city's times square i'm melissa lee. "fast money" starts right now with pretty ominous music. the department of justice is jumping in, the yield curve, and global political disarray from the middle east to germany to north korea, there are plenty of reasons to sell. but stop none of that even matters. change the music, please everything is awesome. stocks are at all time highs, the dow surging at least 200 points on highs for the day. the s&p crossing 2600 for the

first time ever, joining the nasdaq and russell all making fresh highs today. even safety trades like gold and bonds were up. there's no end to the rally in sight. and the end of the year is just a few weeks away it just keeps climbing, guy. >> yes, and i don't think we've wavered a lot on this one. there are a lot of reasons to be embarrassed. there are probably another 30 reasons we could mention it doesn't matter. thanksgiving is a few days away, we'll be in holiday season people will play catch-up. the russell made an all-time high to me that's the best indicator. we can argue about whether tax reform will get done, but something's going to get done. i've said it a thousand times, the market doesn't give you a long time to sell the highs. we've been here seemingly for months in my world, it means we continue to grind higher despite the other noise out there. >> the bond market is key also

where else are you going to go if you're going to invest dollars? if you're in a mutual fund and you're getting this passive management going in, what else are you going to do? you're going to go into the stock market i can certainly create the bears case, i can always create a bears case but it doesn't matter in this market i agree with guy that going into year-end, it's going to be very difficult to have a selloff, because no investors are positioned to sell off, they're not that nervous, they've wrapped up their gains for the year if anything you might get a profit taking but not anything significant. >> i agree, the money we've seen coming into our desk, is coming from overseas. we talked about this a couple of weeks ago. we didn't necessarily see a pullback we saw a flat market for almost 30 trading days. that facilitated this move >> it's consolidation.

>> consolidation but not a pullback we've seen a lot of international buying u.s. equities >> plus a perfect storm for the bulls this week. pretty much done with earnings, you don't have to worry about major road hurdles d.c. is on break until next week, they can't screw up, you won't hear that much dialogue about tax reform efforts failing. basically the market wants to grind higher you have a flattening year curve. what does a flattening yield curve love growth stocks. that keeps the market growing at least for a couple of weeks. >> the biggest companies added to market cap in 2017. you're saying buy everything, you saying keep buying stocks which have already gone up by a lot. does that worry you? >> steve is right about the tech, i agree. industrials, we've talked about. they're not that interesting if you look at defense stocks, names like roper, and grudgingly i would give you caterpillar

which in my opinion has sort of defied logic in terms of valuation and what the market ceas sees they'll work until year end. >> you can stay away from energy, you can stay away from retail even though retail, i've said this, and i've been burned by it verbally, there should be a reason to buy retail that we have a lot of the negativity has to be priced in. these things have been decimated. the comps are going to get easier this is their peak selling season every time you say it, by the time i'm done they're down another couple of cents. >> you've been burned by the same names i've been burned by beating the expectation, seeing a massive rally, those are investable, they're tradeable sectors. i look at tech and say, where is money going to flow in tech? it's going to continue to flow into these mega cap names that are working, continue to flow

into security software which is in demand. >> i listen to you guys and what comes to mind is that value investing is completely out, throw that outside the window at least 20until the end of the ye. if you're not going to buy energy, the names that have been working, it's -- >> the only thing you might want to do, you might get some tax loss selling here at the end of the year, and if you want a strategy going into january, i would take a look at maybe -- and maybe it is a retail you might have to put up with pain but the dogs in the dow strategy might work going into january. we're all so bullish, for bk it's like very difficult >> 200 points, 200 handles ago on the s&p so i think a lot of things i've held on to for outsize gains, i've had to hold my nose and not sell it, and do the opposite, it's like "seinfeld," opposite day. breaking news at a cyber attack at uber

let's get to deirdre >> reporter: uber concealed a cyber attack that exposed 57 million people's data. the report says the company paid hackers $100,000 to delete info and keep it under wraps. also saying that the ride hailing company's chief security officer, joe sullivan, and one of his deputies has been fired for their roles in keeping the hack under wraps the compromised data comes from october of 2016. it included names, e-mail addresses, and phone numbers of 50 million uber riders around the world. we've reached out to uber and will update you as soon as we hear back. >> how do we know those hackers deleted the information? >> right and only a hundred grand you have to think the info is worth a lot more than that either the guys are complicit or they're the dumbest hackers in

the world. >> the valuation of lyft and uber, there has been a struggle. this was under past management the new management team, will they get a pass for that probably they do from the private investment community uber is an amazing story, it's going to continue to work. this is a black eye. i don't think it crushes valuation. >> our next guest says there are three names at all time highs that you need to buy right now, rich ross, hi, rich. >> hi, melissa i'm serving up the classics for the holidays it starts with the big bird right here, this is apple. there's a lot to like about apple, a lot of which is the symmetry with the past you saw this surge of support after a decline in 2012. history repeats itself and we get this big multiyear breakout into that textbook continuation pattern. apple has got to be the first name on your shopping list to buy at an all-time high. and of course amazon, we've

talked about this stock before head and shoulders, that's the head and shoulders that rounds into form. importantly, you test and hold the neckline and the 150-day the move coming out is just as strong, boom, into another one of those textbook bullish flags. amazon goes to 1250, 1300. we put a modern twist on it to finish things up here, alibaba, look at this base of support, you've drawn it for me, thank you very much. beautiful base breakout, impulsive move bull flag continuation pattern alibaba hasn't been trading that long, we don't know where the resistance is. buy the stock on strength, you're set up for another surge until year's end in these three big tech behemoths >> come on over, rich. . >> you didn't even ask us. >> i don't have to ask

>> he's the parthenon. >> you say investors may be tempted to get in, you might want to go to retail or energy how do they look to you? >> i would say no, fight that temptation around holiday time, okay you should buy what's working here, okay this is the season to be a buyer of tech. tech is leading. and we heard about it before as the calendar turns, people take a little bit of a different mindset. you might look to buy some of those laggards, maybe trim some of those winners for the time being, go with what brought you to the dance by and large that's large cap tech, growth, industrials. lots to choose from. >> alibaba is up 170% year to date, amazon is up, apple is up 50%, s&p up 16% year to date your premise of buying those stocks, do they work if the s&p takes another dip lower? i know my answer what's your answer >> look, these stocks, you hate to use the word bulletproof,

teflon, if you will, with these stocks these stocks have displayed relative strength all year long. i don't know how that dynamic would change breadth is expanding, emerging markets are breaking out with structural bases of support. the macro unrest we talked about last week, credit spreads and rates, has sort of eased the backdrop is for equities to continue to move higher. >> what's also working is the chinese version of f.a.n.g if you had to choose s.t.a.b. or f.a.n.g., which would you choose >> my daughter says, i love them all equally. china, uniquely strong, of course and the world is clearly waking up to the fact that -- we're talking about stocks that have 500 billion cap overseas taiwan is at a 25-year high. japan is at a 25-year high

they get the attention,but there's a lot underneath the surface to be bullish here >> we're all bullish, scarce the heck out of bk how do we know when investors are done gobbling up these stocks see i did with that? >> they're getting stuffed >> time to take some profit. >> we haven't had one of those days where you get that intraday reversal where you push out to a new high and close on the lows that might give bulls a reason to tap on the brakes but you're not seeing any of that really. if we saw breadth start to erode, short term exhaustion, those are your trimmings, trappings of success or exhaustion >> he's the master at those. >> rich, thank you happy thanksgiving gobble, gobble we might as as well start now. >> love rich ross. >> what did you do today

>> we talked about nordstrom's, they reported november 10th. risk/reward sets up really well against 36 1/2 dollars now stocks closed unchanged today but nordstrom's on valuation with the short interest for the potential of another headline that could potentially be bullish, i think in ord nordstr nordstrom's still works here >> i think baba is the best opportunity. you know how i feel about amazon apple is a tradeable stock on this upgrade cycle baba continues to work, it's a massive opportunity. >> what is your answer what happens to tech if the s&p 500 pulls back >> it's very hard, if we say that the reason for the gains are these handful of names, for them but we have seen where they have moved sideways even with a down market, i think you can own these names. don't expect them to have the explicit performance they've had if the market turns down

coming up, the doj files a lawsuit to block the at&t/team warner deal. plus next stop, $400 a top analyst at morgan stanley says that's where tesla stock is heading. a trader says no way he'll explain what he thinks the firm is getting wrong. this stock is on fire and investors can't get enough we will tell you the name and why it's got wall street going crazy. much more "fast money" right after this

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welcome back to "fast money. time for our move of the day check out the home construction etf surging today. look at the games in some of the biggest homebuilders, surging. are these gains built to last? grasso >> i would say yes i was in both kb homes and pulte homes, i had a brief stay in lennar homes kb homes is up as your chart showed i'm still long pulte, which is up 78% year to date. everyone talks about the home

recovery happening it's not over yet. we're probably in the fourth inning, in that. there's lot more legs, a lot more room to the upside in all of these trades. there's no supply on the market. there's a lot more room for all these trades to run. i'm still long pulte >> how about on the retail side? we had lowe's earnings out, gross margins were light >> home depot is the name to own in that sector, 100% i look at steve's call, agree with him 100%. we're at the beginning stages of a recovery within the housing market, and these names will continue to work so home depot, i would be a buyer of, and these homebuilders >> i'm with you on the home depot. we've been pretty unanimous in our love of home depot i think you look at home depot, trades 21 times forward earnings people play lowe's because lowe's is 16 times, they figure it will catch up on valuation. as today ae's lowe's report sho home depot is a better company, a better balance sheet this summer we talked about it

being potentially amazon, that's correcting t -- incorrect the stock continues to go higher under armour news coming as shares have fallen 55% is there more pain ahead for under armour, bk >> yeah, unfortunately i think there is this is a company in transition. i don't think in the long run you want to bet against kevin plank. the guy is probably one of the greatest ceos of all time. but in this particular case, they haven't figured it out right. they haven't figured out what their next product is, what's going on now you have people leaving the company. until that comes out, i think you want to stay away from under armour you probably want to go with adidas, the kids want the easies these days >> how are you gauging >> probably the greatest founder. starting this company, building

it to what it was. certainly a misstep, missing what's happened over the last year but i think as a manager and a founder, a phenomenal job. >> i agree, he's a celebrity ceo, and it brings to light other celebrity ceos in other businesses that we might want to take a look at this is a name i would stay away from i would continue to sell the stock. i think it's going a lot lower >> he was a celebrity but not anymore. that brand -- >> you have to separate the founder, when you see a stock just have the abysmal performance that you've seen, you have to start wearing some of that lack of performance on your sleeve. the same way that we give guys credit >> in my opinion, he's the type of guy that's going to take this as a challenge and turn it around >> but at 11 bucks or whatever the stock is at this present time, there's not much room. this is a very, very expensive

option this is aname you should be buying [ simultaneous speaking >> i can wait and see what his management team is going to be >> this multiple is more expensive than nike. >> it's as close to 60 times forward earnings despite the fact that the stock is gone to where it is now, valuation is still expensive. their head of footwear just left the company. the headwinds are significant. what happened to this company? their products became ubiquitous what will happen at some point they sell out to a rival for some take under perhaps from prices that we still haven't seen >> the only thing bullish that i could come up with under armour is if you get tax reform, their effective tax rate is slightly below 40%. so now if you see tax reform get cut from 35% basically down to 20%, if it gets done >> it will help them but it

doesn't -- a lower tax rate. >> you'll see a substantial pop in this stock from $11, just based on tax policy, if, big "if," it gets done ahead, meg whitman is out. i'm melissa lee. you're watching cnbc, first in business worldwide here's what else is coming up on "fast. >> don't be such a square. >> actually be a square, because square shares are going nuts there's something to suggest it's going higher. we'll tell what you that is. please it's the question on every investor's mind. >> to be or not to be? that is the question >> no. if you had to choose between bitcoin or stocks for the xtne five years, which should you choose we've got the surprising answer when "fast money" returns.

i'm not going to get involved in litigation personally i've all the tells that was a deal that's not good for the country. i think you're pricing is going to go up i don't think it's a good deal for the country. but i'm not going to get involved in litigation >> that was president trump earlier today with some harsh comments about the at&t/time warner deal following a question from our own eamon javers. this isn't the first time he's talked down a proposed merger. on the campaign trail last year, he threatened to block the deal. many on wall street were still betting it would go through. that's causing a lot of pain leslie picker is in the newsroom with more.

hi, leslie >> reporter: hey, melissa. it was, as you mentioned, one of the most popular trades on wall street, betting at&t would close its acquisition of time warner over the last month that trade has put a dent in a lot of returns, with shares of time warner slumping yesterday over rumors that the justice department would seek to quash the deal time warner stock is now trading 13% below the value of the spread, indicative of the increased skepticism that the transaction will ultimately close. the shares closed a mere 5% pryor than the price 21st century price offered to pay three years ago. time warner rejected the $85 a share bid at the time. the question among traders now is what happens to the price if this current deal does break and the uncertainty surrounding at&t/time warner has thrown the fate of other deals in question. buyers' $56 billion takeover of monsanto as well as united technology's acquisition of rockwell collins or at least in

part vertical mergers, the same type of deal being questioned in the case of at&t and time warner, with two companies on the supply chain rather than competitors in horizontal mergers. investors are concerned that two other deals would be in jeopardy as well. today brought a bit of optimistic, time warner reversed earlier losses, gaining 2% on the news that judge richard leon had been assigned to the doj versus at&t case he is the same judge who signed off on comcast's purchase of nbcu in 2011, melissa. >> thank you, leslie picker back in the newsroom. with the at&t/time warner deal tied up for now, we thought this was the perfect day to play "the price is right." the other traders will vote on whether or not they think the price is right let's get to it. announcer, who is the next contestant >> david seeberg from the upper east side, come on down.

>> all right >> you ready >> i'm ready >> so where should time warner be trading >> if you think about time warner, you have to think first of all this is a back of the envelope suggestion. what do you have hbo has roughly an enterprise value of $30 billion right here, $30 billion. you'll get warner brothers warner brothers has roughly a 20-ish billion dollar valuation. and you look at the turner assets, worth somewhere around $33 billion, right so you look at those numbers, you say, all right, those are the valuations of each of those independent businesses, how much cash do they have? roughly $2.6 billion in cash you take out their debt, which is roughly $22 billion and you're left with somewhere in the neighborhood of 64-ish billion dollars. i know grasso is doing the math in his head, he's totally right.

$64 billion, roughly 778 roughly million shares outstanding. that gets you to a value of roughly 82 bucks a share low 80s a share. we'll pull up the chart here real quick roughly, if you break it out, six-ish or six and a half-ish to the downside there's a lot of moving parts here putting a sum of the parts valuation on the actual businesses you come up with roughly 82 bucks a share, that should be around fair value. >> so, traders, he says time warner should be trading 82 bucks a share. high, low, or is seeberg priced right? guy? >> i'm writing but i'm going to write quickly. i would say higher, monte, because although his math is spot on, the market is a discounting mechanism. and i think there are intrinsic values we're not discussing. i think 81 is a trough valuation. i think this is closer to a $90

item as we discussed last evening >> all right remember, the price that david seeberg outlined is $82. >> 81, 82, whatever. >> bk. >> so the price is right, bob. that's what i would -- seeberg is right on this one if this deal gets broken up, i think you'll have a problem getting much higher valuation because who else is out there that is actually going to buy these assets and get it through? so to me, i think the price is right, bob >> grasso? >> i think he's low. and the reason why i look at that, everything you said fundamentally, you can't argue with you've got all the valuations. to guy's point, it is a discounting mechanism. you have to look at the old price, $85 the new price, which is basically 108, somewhere in the middle of that is where you wind up if you look at our technical level where the stock has bounced to and troughed at, you come up with basically a $95 price target i'll say he's low. >> the split decision there is exactly why the trade has been

very painful on the street in terms of the deal. >> no question >> that does it for "the price is right," don't forget to get your pets spayed and neutered. next, meg whitman speaking on hewlett-packard's conference call right now plus what ocstk just jumped on the bitcoin bandwagon and the wolf huffed and puffed... like you do sometimes, grandpa? well, when you have copd,

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meg whitman just announced her departure from hewlett-packard, it's get to morgan brennan for the details >> reporter: that's right, melissa, on february 21st, hpe's president will succeed her whitman, who will remain on the board, discussed the transition on the earnings call just a short time ago >> it has been the privilege of a lifetime to lead the company i'm proud of what we've accomplished during the past six years. we've laid out a strong foundation for a prosperous future and now is the right time for antonio and a new generation of leaders to take the reins

i'm very confident that antonio will enjoy tremendous success. >> reporter: whitman also noting for many years she's said the next leaders should come from within the company neri is a 22-year veteran who started at hp before the company was split into two whitman pointing out hp has delivered a total shareholder return of 89% since november 2015 when the provider of i.t. services became a standalone company, adding her successor will have the same focus on delivering value in terms of earnings, hp reporting better than expected earnings, revenue in line with analysts' consensus. guidance for the current quarter was weaker than expectations you can see shares of hewlett-packard enterprise down 5.5, nearly 6% in after hours trading. whitman will be on "squawk in

the street" for an exclusive interview with david faber tomorrow morning back to you. >> thank you, morgan brennan >> meg whitman would never say this, obviously, but in the recess of her mind i think she's happy the stock is lower when she's stepping down, that's only human. wouldn't it be lousy if the stock was up 7%? >> i would feel terrible >> you understand what i'm saying a lot of it has to do with her stepping down. the stock has not been gangbusters over the last six months either. now you're getting to levels where it's bottomed out before, valuation seems reasonable maybe you can take a look at the stock tomorrow in the aftermath of today's earnings release. there's not a lot of great things going on here >> this has to be the three-day rule, in a stock that has given up its year to date performance. to guy's point, you can look at it from that 12.90 to $13. you can go back on the charts, $13 was the recent low

you want to take a shot, give it a couple of days to breathe but not a terrible spot to get in. but to guy's point, it could be lights out for the stock in general. >> all right we've got more breaking news on that story that uber paid $100,000 to cover up a major cyberattack. let's get to deirdre bosa for the details. >> reporter: cnbc can now confirm that uber concealed a cyberattack that exposed 57 million people's data. a source family with the matter tells me that the headachers, two hackers that stole the data were paid $100,000 to delete the info and keep it quiet i asked what would make anyone think they would do that, delete the data my source told me uber did a forensic audit and there was nothing that led them to believe anything was ever used uber's new ceo, dara khosrowshahi, writes, quote, i recently learned that in late 2016 i became aware that two individuals outside the company had inappropriately accessed user data stored on a third

party cloud based server that we use. the breach did not affect our corporate systems or infrastructure i says, i'm also told that the names and license numbers of 600,000 uber drivers in the united states were stolen. the rest of the data was names and e-mail addresses, that would be uber customers around the world. in response uber this week fired its chief security officer, joe sullivan, and one of his deputies for their roles in keeping the hack under wraps before joining uber, sullivan was the top security guy at facebook the big deal here, guys, is that people and regulatory authorities were not notified of this breach. while the company says that they have reason to believe nothing was ever used or sold by the hackers, we'll have to see if that's actually the case over time dara khosrowshahi, the new ceo, has only been in the job a few

mountai months he has another crisis on his hands. >> thank you, deirdre bosa in san francisco. it appears to be phone number, et cetera, not social security numbers, maybe that's why it's $100,000 >> maybe >> another blemish for the company. >> it is again, this happened in the past we had a new ceo who was cleaning all of this up. presumably, this was in the past, it happened, we fired the guy and now moved forward. i think ultimately this is going to be a good thing for uber. >> yeah, but how do you trade other stocks around it great job with equifax, david said it's in the stock, you've got to get back in, it closed to 110 today. to me, all of this illustrates the need for these cybersecurity names. it's shocking to me, the names like symantec and fire eye haven't done better than they have palo alto networks the last couple of weeks has been doing pretty well. i think you want to turn your

attention to names like this, because stories like this, there are going to be more like this and they will only getequifax h customers. you have an option to cancel your uber subscription and go to lyft >> it's the information of the drivers, and the drivers already work for all the other ride sharing services >> the third party, i get it i don't think it's going to be a big blemish for uber >> all right still ahead, tesla sitting in bear market territory, down 18%. could the stock be about to make a major come back? plus bitcoin hitting yet another high its market cap bigger than mcdonald's how much do you know about the crypto currency? guy adami takes to the streets of times square for the ultimate test 20 million cases a year. chubb has helped us grow for the past 30 years... they helped us prevent equipment problems during harvest and provided guidance when

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call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ welcome back to "fast money. a bit of a market mystery for you. this one stock is on fire. let's see if you can guess it "jeopardy" style the stock is up 253% this year it trades at a forward price to earnings ratio of 187. and the ceo is beloved and nod by wall street and the financial

media. do you guys know what this stock is >> no. >> guy adami >> general electric. [ laughter ] >> up 235 points >> any other guesses what is -- >> tesla >> square! >> aww >> yep, yep. it is the stock that wall street can't get enough of. is the payment company on the way to be the next consult stock in the same vein as amazon or tesla? i'm not going to go to you because you own square i'll go to you >> i should have listened to grasso earlier in the year because he's been on this the whole time i actually think square, even though it's had this run, has a tremendous runway ahead of it. their decision to integrate bitcoin into their product i think has a huge, huge upside. it might help out twitter as well >> if they can actually charge less than coin base, it's going

to go what the online trading has done, make it a race to the bottom in terms of the commission >> exactly and you have this built-in user base, right? citibank came out and said they could generate $30 million a year in revenue. i think that's low spencer bogart thinks it's much higher than that we look at what coin base is doing, if they can take a fraction of that, they're going to kill it >> definitively, the last 10, 12% was from the bitcoin exposure yes, that's the tailwind, no doubt. but square services, people looked at at this early and thought it was a simple payment processor. square services, online food delivery, square cash, gift cards. there's so many tentacles to this story i was lucky enough to not be dumb and buy it and not listen to a lot of people who said it's just the same thing, it's a hardware company it's a services company. >> let's think about scale and throw into the mix facebook. facebook gets into the mix and

acquires a payments business or they acquire this model facebook's user base, whatever billions of users they have, you look at it and say, how easy is it to replicate and can they come in and -- >> i don't think it's that easy for them to replicate. they have to go out and buy a payments processor maybe they go out and buy a paypal or something like that. >> or venmo. >> square is competing >> would you buy square here >> i would buy square. >> would you buy square here >> it's a trade. i don't know if i would go and buy it [ simultaneous speaking >> i'm still in it, which is in effect buying the stock. >> a big question in terms of bitcoin and square's offering bitcoin, how popular is bitcoin? for the average person on the street, they've already accepted venmo and other payment services do they know about bitcoin enough >> times square is the melting

pot of people, of humanity out there. what better place to go out and ask the question you posed >> really? >> bitcoin, stock market, the whole thing. so i went out there. take a look at this, mel ♪ >> i have a question for you did you know that u.s. stocks are at all time highs? >> no. >> i love it yes, i do. >> yes >> yeah. i've heard that. >> you just heard it right now >> you know about this bitcoin >> yes, i'm aware of it. >> no. >> i certainly do. >> i've heard about it >> i think it's worth a lot of money right now, a good investment >> i don't know about the volatility of the bitcoin. >> five years from now, would you rather be long stocks or long bitcoin >> stocks. >> long in u.s. stocks >> bitcoin >> i'm going for stocks. >> i think you should go for stocks >> equities? >> that's a good answer. >> i don't give a hoot about bitcoin. >> stocks are always around, they've always been around, i'm

going to stick with it >> you can say you're a millionaire in bitcoin but it doesn't hear anything. >> you hear that, bk it means nothing nothing. >> surprising? >> that's harsh. >> tough crowd, huh? >> i don't know. i mean, a million dollars is still a lot of money to me and it still buys dinner >> would you run into anybody who owns bitcoin >> there were no bitcoin owners out there. there was a bitcoin miner floating around. i'm not even kidding around. he obviously didn't make air but he said he wanted to meet the bk in person this cat -- and he's just like you would expect him to look >> like bk >> handsome, suave >> all those things. >> does that make you, grasso, concerned about the success of selling bitcoin via the cash app on square? >> no, it doesn't make me concerned about it i love the fact that at least i have a real company, another fundamental reason behind it this is just the quicker 0 are the icing on it.

overstock is up over 200%. >> and you're not invested for the retail side. >> no. you're not invested in that one. that one popped just a loan on bitcoin. square, it's only the last 10% or so that's topped on bitcoin you have a host of other reasons to be long today to buy the stock tomorrow, square still ahead, tesla after morgan stanley said the ock st could make a run toward $400 is now the perfect time to buy we'll explain when "fast money" returns. let's get started. show of hands. who wants customizable options chains?

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welcome back to "fast money. take a look at that, that is square moving higher in the after hours session, up 2.25%. we asked whether it would be the next consuult stock, we have so believers in square. >> i think the answer is yes >> it could be this is after hours action here. now to our call of the day, shares of tesla jumping. the stock could surge to $400 next year as the company begins to tackle its recent production woes the stock has soared since january, still down from its highs, now sitting in fair market territory do you bet on a bounce in tesla

or is this stock a no-touch? we should add that the first 400 and then 200 this is an interesting note. >> first 400 and then 200 after they split two for one or the stock is cut in half >> fair question >> bk nailed this one. we were bullish in the stock and we said it had to prove itself at 385 it got there, failed bk said double top, the stock went straight down we also said there's a good chance it trades down 200, 285 now it's bounced how do you trade the stock steve will say correctly that you wait for a breakout above 325. i think that's exactly what you do i would rather buy it on a close above 325 than to sort of 50/50 here at 317. i know that might not be intuitive to a lot of people i would rather buy the breakup than to before i it and pray >> you asked whether or not i rather by this or gm and my choice was tesla you can't box this, not an

automaker, it's a technology company. with technology you have to pie a higher multiple. the story's not over it's got over 20% short interest it still goes higher if here 322 is a level that i think you need to close above before this is just a trading range exercise >> in terms of the cash burn, that is going to be interesting. nomuro, the biggest bull on the street, said yesterday they expect the cash position will remain fragile all sorts of cautionary language >> but nobody cares. he's jeff bezos. >> somebody cares, because it's bear market territory. >> the stock is absolutely ripped it's bear market territory off a massive high the market does not care about the cash burn here they continue to be able to raise capital. elon musk is brilliant at shifting things around guess what, we're doing flying cars, and everybody buys into it i love tesla as much as anybody else, but it's a story just like amazon was

they're getting a pass from the market so you can't look at those metrics. you have to look at this on the big picture. it's almost like buying into a venture capital type of thing where you know they're going to have to raise money but you're buying into the big picture. >> people know they have to raise money. look at the launch just now with the sports car and the truck would the stock have been up more in the face of that kind of launch, a dual sort of launch, a surprise launch with a sports car and you've got the truck as well the roaring reports afterwards about the opportunity for that particular vehicle >> the fact that it's up at all, though, david. service the sto >> the story is great, and you're right, elon musk is a celebrity ceo. standpoi at some point the music will stop, the competition will come in >> they have, though the toyota prius >> it's a very interesting -- >> competition >> he misses the targets

and he's got a [ simultaneous speaking >> when david said you would have thought the stock would be up more with their sports car -- with their truck the truth is, i'm shocked and impressed that it's up at all. if they had production problems without two other entities taking up their cerebral content or their bandwidth, i think it's impressive and it speaks to the point that people have to own this if there is competition, competition is only growing, yet the stock continues to perform >> it looks like symptom traome are betting that tesla will continue let's get to mike khouw. >> hi, melissa given its high share price, notionally it's much more. we saw buying of the weekly 320 calls, those are making bets that the bump that we saw today could continue and the stock could close above 321.35 by friday i'm shortest la using options and speaking to guy's level, i

own the 325 call as a stop and i'm long the 285 puts figuring that might be where it breaks down i love the product but at some point $62 billion of enterprise competition enters the picture, it will be tough to evkeep it up >> thanks, mike khouw. "options action" will be off this friday, we know you're sad, but we'll be back for more "options action" next week >> up next, final trades stay tuned well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade.

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time for the final trade steve grasso >> this one has been another big win, a roller coaster. car, avis, budget, you're good to get back in november pricing looks bullish >> seeberg >> down a little bit in the after hours, a must-known name, i would be buying crm on any weakness >> bk? >> we started the show pretty bullish, all of us a hedge for your portfolio, buy. higher rates would be bad for

stocks >> guy >> i'm so bummed, no "options action" on friday. >> you'll have to watch a rerun. >> i'm kidding dan was t ouin times 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 cram america. other people want to make friend item trying to make you money. my job not just to entertain but to educate and teach call meor tweet me @jim cramer when he used to call it the era of goo