convince people they have it figured out for their business model. >> futures are down after hours but that's capturing the last 24 hours, capturing the move we saw in the session today, it might actually be up >> basically little changed since the official 4:00 market closed no apparent reaction to this revote in the house. >> that does it for "closing bell," thanks for joining us "fast money" starts right now. "fast money" starts right now. live from the nasdaq market site overlooking new york city's times square i'm melissa lee. tonight on "fast," we're all over the after hours action. fedex, micron, and stitchfix, all reporting earnings moments ago. we'll bring you tell latest details and tell you which names the traders might be buying. plus why blockchain is soaring today. we warned you right here on the show, buyer beware famed short seller andrew left is targeting the company. he'll join us to tell us what

doesn't add up about this suddenly hot stock and why he says retail traders are making a horrendous mistake a bitcoin bust, sharp selling in the last hour, the cryptocurrency down $2,000, briefly below $17,000. you see our bug on our screen by coinbase we start with the tax cuts wall street has been waiting for, despite a slight delay, the house has to vote again. the nasdaq 100 the biggest decliner with amazon, facebook, netflix, and google all sinking. will big tech be the loser when it comes to the seemingly imminent tax bill? >> big tech, you've had a big run. whether it's microsoft, amazon, facebook, you name it. it doesn't hurt or help that we had some downgrades and some folks are talking a little more bearish about a name like

facebook today it's understandable that some of the tech is pulling back you had intel screaming to the upside so is tech going to get slammed because of this? i don't think so they will probably be affected, certainly, but not as affected as those that actually played the high risk. >> yes, they're the ones that are going to benefit from the repatriation at 15.5 >> which is a huge number. >> except for the fact that they'll have higher tax rates on the billions of dollars they're accumulating overseas, these these were areas they're expected to have a lot of growth going forward. i know a lot of analysts had higher models for when this money was going to be coming back at the end of the day, you have a tax holiday, but a lot of the growth is coming from overseas >> to me, i look at facebook, we brought this up, it's a poster child for a lot of things that could be difficult for the tech sector, including facebook which

had its wrist slapped again, the french have been all over them they'll arguably run into trouble here abusive position in terms of market data and strategy so if you look at how it's trading, technically it's not been above 200, for a few weeks it's not been above the 50 it's a stock that the fundamentals are very good >> pete mentioned the apple downgrade, knocking the price target down to 175, saying you know what, the seasonality won' be enough to offset the iphone x. >> we've seen apple downgrades, it has an effect on the price and a week or so we're back to where we were if not higher again, my sense is that's what happens with apple in terms of tech and how you trade it, micron is a great example. micron had a great earnings call, month and a half, two months ago stock went from 38 to 50

retrace the whole way back to 38, december 1st, we talked about the risk/reward in micron sets up extraordinarily well we backfilled the entire movement we saw over the last month. today we report earnings i mention it because operating margins, to me, in my opinion, it's what's important for micron they beat on 3% on operating margins, nand pricing is still intact >> why do we see the underperformance we're talking about people potentially taking gains for the year >> there is rotation and i think you have a very clear dynamic for domestics, whether it's staples, consumer discretionary. an altria, a stock people gave up on three months ago when there was some pressure from the fda in terms of their cigarette business businesses that have a 39% effective tax rate, let's be clear, they're the big, big winners. analysts are now upgrading, that's what's going on back to the tech world, look at

google, nothing wrong with that chart. that chart and that company has been outperforming they had great numbers it's not been trading like facebook or apple. i think you can't lump everybody in the same place. >> rotation probably based on some of what you're talking about in the tax bill. look at home depot, the last month and three months, disney, last month and three months, caterpillar. look at where their taxes were and potentially where they could go to if this thing ever gets all the way through and you get to 21% from 33%, wherever some of these names are that could be huge that's why i think the last three, four days, boeing is another one, we've started to see some of those names lifting, lifting, 52-week highs almost across the board >> if you're in big tap tech, ndx nasdaq 100, should you have a slight preference now that the tax bill looks all but passed to these sectors and names that have higher corporate taxes? >> i don't think so, because i

think a lot of things that drove the top five stocks in the nasdaq 500, we know what they are, amazon, facebook, google, microsoft, netflix, the fundamental reasons those stocks are up 30 to 50% for the year, they're probably even more effective in a lower tax environment next year, okay? that being said, all those stocks are within a few percent of their all time highs. at the end of the day, i think what tech investors or growth investors want to see even while you had this rotation into some value and cyclicals, you want to see a pullback, we need to see a pullback it will make everybody feel better about reloading on some of these stories if we close on the exact highs of 2017 as we head into 2018, you just don't think that's the sort of situation where people will feel great about reloading for 2018 at all time highs so come on, people, can we just have a 3, 5, 6% pullback here? >> no, we're not allowed >> that hasn't happened in a long time. >> i understand what dan's saying, think about where we are. we've got essentially the white

house now and washington throwing all kinds of stuff at a market that's already had corporate profits be at record levels we've never been this efficient. we have unemployment probably at a cyclical low you've got an enormous amount of central bank headwinds coming. things are as good as they'll get and we're throwing more gas on the fire, i'm not sure we need it. expectations are so outsized i think it renders some caution. the catalysts ahead, we know corporations are priced without a 21% effective tax rate but i do think that once you get through this, i think it could be very challenging. >> are you taking profits? >> a little bit, doing some upside calls from my option guys >> let's be specific here. >> thank you >> or stock -- >> that was on "options action" friday, dan. [ simultaneous speaking so yes, i think there are names and there are places where you should be doing that google is not a place where i'm taking profits >> as much as i love home depot, and i talk about it all the

time, i just sold some today >> why >> because i felt like it was the disciplined thing to do. this stock went from 165 to 185 in what seems like a heartbeat why not take a little bit often the table? disney is a different animal i've stuck with that one because i don't know that the deal potentially what they get from fox is all priced in yet it's just off the 52-week highs. i think it goes through those 52-week high >> what would you trim here? >> not just the tree >> trimming is important as well >> if you haven't done that yet, folks, i encourage you to do it. >> the tree? >> the tree. this is what i learned if you have a live christmas tree -- seriously, this is a psa. i know we're short on time boiling hot water into the bottom of it because it releases the sap which the tree will suck that water right up. >> really? >> honest to god >> i've only had my tree for two weeks. can i still do that? >> i believe so. >> anyway. what would you trim? >> adobe, i talk about being long adobe, if you like amazon,

you've got to like adobe but maybe dan's on to and somet, maybe it's run too far, too fast, so maybe it's ripe for trimming thank you, dan, for enlightening me >> the latest poll on the popularity of the tax plan is out. john harwood has details >> reporter: you guys were talking about what sectors will lose from this tax bill and which will win it looks like from the polling in our new nbc/"wall street journal" survey, the republicans are the losers so far. look at these numbers on the tax cut. they're not good when you ask is it a good idea or bad idea, 24% say this bill is a good idea 41%, bad idea. the rest don't really have an opinion. the second thing is, who is going to benefit from this tax cut? whose tax cut is it? by 63 to 7%, americans say it is a tax cut for corporations and the wealthy, not for the middle class. those are staggering numbers and that helps explain why on

this question, which party is better on handling taxes, democrats were behind by 4 points in june in our nbc/"wall street journal" poll now they're ahead by 4 points. the exact same thing happened on which party is better on dealing with the economy so republicans have achieved a legislative and policy victory this is something they've believed in deeply but right now, voters aren't in a position to reward them. of course we'll see what happens once it's implemented and whether people feel differently when they check their withholdings and see what the broader state of the economy is. >> john, thank you, john harwood in d.c how is the world's largest asset manager preparing portfolios for tax cuts let's ask. here now is terry simpson, blackrock's multiasset investment strategist, terry, welcome. >> happy holidays. >> there's a healthy dose of skepticism according to the nbc news/"wall street journal" polled part of that is many of those

polled had no opinion, so they could be swayed. >> we're trying to think about it from the financial market perspective versus the real economy side i think there's no doubt this will definitely benefit the markets. on the real economy, some of those numbers that john talked about, is because we just don't feel like the evidence of economic history will point to higher investment and higher wages. ultimately that will have a negative detriment on the market after a while. it appears like this tax cut is a trojan horse, it will benefit investors but maybe long run it will hurt the economy over the long run that's what we're worried about. >> there's a notion that the kinds of investors that will benefit are investors in certain kinds of companies, namely the ones with the highest corporate tax rates, names like retail, banking, cyclicals, would you agree, and are you adjusting your portfolio to match that >> we like the tax reform, it's definitely going to benefit certain sectors. were you talking about rotation. rotation has happened.

so you look at financials up about 10% over the last three months or so telecom as well, another smaller sector is benefiting from the tax reform packages. but we do get worried if investors are rushing too much into this. estimates for 2018 earnings are still below where they were after the election some of this is priced into the rotation but not all of it is priced in. >> terry, we've been talking about the flattening yield curve, now all of a sudden in the last week or so we've seen the yield curve go back the other way in a significant way what's better, in your world, for equities at this point, a flattening yield curve or steepening yield curve >> it's interesting, we know why it was flattening, there was artificial suppression with the recent steepening over the last two days are so, investors are saying this tax reform will be more effective on the demand side of the economy, it will create more inflationary

pressures, not necessarily on the supply side, that would lead to higher productivity, that changes our u.s. potential gdp long run estimate. it keeps the fed in bay. so i think more of the recent reaction in the last few days or so is we're getting tax reform, we're getting inflation, let's adjust interest rates to that. >> terry, you guys are global investors, that paints a nice picture for the u.s. but in terms of allocations, there's some arguments out there that this is going to be at the expense of investing in europe, and obviously there's an impact in interest rates all wait through the chain. where do you guys line up globally >> i would say the debate, a lot of nations across the globe have been keeping their corporate taxes low, you can make the act that the united states is getting in line with what the rest of the globe is doing we're still overweight international opportunities. you look at europe, japan, emerging markets, up 34% year to date we still think international is an opportunity because that's where we think the global growth

cycle is rotating to we want to have leverage in the trade there. >> do you overweight international over u.s.? >> yes we're not buying into u.s. or selling out of it but we're holding our levels >> i want to play would you rather with you here, terry. >> that's a big compliment, by the way. >> translatoit is, you're an ho member of the desk technology, which we're debating may be negatively impacted, or banks? >> great question. we still think this economic expansion has room to run and we haven't seen a lot of loan growth the loan growth was strong in the early part of the recovery hopefully with deregulation that can actually allow the major banks, they look at the top eight or top 25 or what have you, to do more lending in the economy. if we see more demand out there, that will be beneficial for the banks. we like the tech story long run, but if you're looking for a value oriented play at this

stage of the cycle, you want to look at financials even with the three-month rally we've had. >> so banks is the answer. thanks for playing, terry simpson of blackrock >> that's called melissa coaching through the game. >> you bury the lede, you have to come out strong pete, same question to you >> banks for sure. i agree with terry about the loan growth story, it's something that in the future we'll see more and more of it. jamie dimon talked about it all the time every time we wait on earnings from the banks, that's what we're looking for, are we seeing that loan growth, are we seeing it i take the banks >> what did you do today quick. >> i've been getting long on european banks eufn is a way you can do that. the ecb will start pulling back on bond rates, they're going higher there there's more leverage in european banks than u.s. banks coming up, stitchfix is sinking since its debut last

month. what went wrong? plus andrew left of citron is targeting one crypto stock he's calling a crypto scam he'll tell us why he says blockchain is making fraudulent claims to investors. later, tim seymour says there's one cryptocurrency he just bought that he thinks will be the next big winner the name when "fast crypto" -- "fast money" returns ♪ let out your inner child

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money. an earnings alert on stitchfix, since going public last month. courtney reagan has more >> reporter: shares are down sharply after hours, but they're up 63% since going public. shares are down 11%. revaluing of preferred stock options is making up most of the earnings that were reported. the revenue changed only slightly, up a little bit from the guidance that stitchfix gave investors in es1 which was six weeks ago. we should note that revenue is up 25% in a year stitchfix also has 2.4 million active clients that's up 30% over last year again, though, stitchfix told us that earlier this fall so we didn't get any new information there. then when it comes to guidance, revenue guidance for the second quarter is above analysts'

estimates. full year revenue is above consensus. the gross margin will decline near term as it invests in new categories but growth is continuing with men's and plus consumers categories shrinkage also hit gross margins. shrinkage is the cost of inventory that can't be sold founder katrina lake is working on different strategies to improve that she'll be on tomorrow morning at 11:00 a.m. so we'll ask her about that the call is ongoing, because it's the first time that the company has held an earnings call, they're spending some time going through their process before getting to guidance >> it had like a 10% reversal intraday like courtney said, it's up 63%. people thought this was going to be a blue apron sort of thing.

i think the quarter was fine, 20% growing users, 30% and they're new to the category. can we pan over to guy over here if there was ever a guy that you guys should get on your stitchfix thing, look how he's dressed. we need a stitchfix box for this guy. >> pleated pants, patterns galore >> it was his birthday yesterday. >> we can get a stitchfix box for guy adami, let's clothe this guy for 2017, please >> jeez. >> quick >> my thought is this. they feel a little bit like snap why do i say that? it's decelerating at a rapid pace >> that comparison is not a friendly one ahead, forget about bitcoin. tim seymour has another cryptocurrency that he says will crush the competition.

i'm melissa lee. you're watching cnbc, first in business worldwide here's what else is coming up on "fast. ♪ got to be the shoes a number of sneaker stocks are surging. we'll tell you which the traders think you can buy. plus if you think the crypto scam won't finish ad, wait until you hear what short seller andrew lt efhas to say about riot blockchain when "fast money" returns [vo] progress is an unstoppable force. the season of audi sales event is here. audi will cover your first month's lease payment on select models during the season of audi sales event. this is not a cloud. this is a tomato tracked from farm to table on a blockchain,

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the crypto craze conditions with a number of names surging thanks to the many i cania but not all is as it seems to be with these companies dom chu is at headquarters to break it down. >> reporter: melissa, a reality check for those who thing it's easy money when it comes to trafficking in cryptocurrency

stocks the sec suspended shares in crcw, from today until january 3rd for what regulators say are concerned about the accuracy and adequacy, including questions about manipulative stock transactions we're talking about a stock that was $3 and change in september and rocketed to 642 bucks earlier this month, currently suspended from trading at $575, making it worth $12 billion total. all of this is happening on average daily volume of just over 5,000 shares in the past two weeks. it was a red flag. now, another stock that raised eyebrows is long fin because of its own parabolic move higher after buying zidu. long fin is actually listed on the nasdaq as part of one of its

smaller tiers. riot blockchain, formerly known as bioptic, rather than selling stock in the open market it conducted a private replacement of restricted stock units and warrants as well all of this was sold to accredited investors and raised $37 million. the bottom line, regulators are scrutinizing this part of the market even more, because they can, unlike straight bitcoin which they can't regulate. but traders have to own the responsibility themselves. the bottom line is be careful. >> absolutely, thank you, dom chu, back in the newsroom. yesterday we had the ceo of long fin, even he admitted things had gotten a little out of hand. >> this market cap is not justified. i valued my pricing, i valued my

pricing at $5. five times revenue >> we reached out also to riot blockchain but the company turned down our invitation to appear on the show after they seemed ready to accept an invitation yesterday a spokesperson said, quote, no one at the company has been able to get in touch with the ceo you may be asking why we spend so much time on cryptocurrencies many traders at home have been in these names, they're among the most popular at the moment but also among the most dangerous ones this is a classic case of buyer beware, it doesn't matter what industry it is, know what you're buying >> and in many craases a company that's transformed itself overnight is an obvious case of what to avoid. some of these were microcap stocks that suddenly went into the stratosphere you want to play crypto in a lot of different ways, whether you

went to invest in tokens or platforms. interactive brokers, although we've talked about that, i know they would not come out here and tell you this. there are ways to actually be involved or cme, these are at least names that people can look at that to me are legitimate names. >> you see going across your crawl at the bottom of the screen, it is a very actively traded name, but this is a company which just two months ago it wasn't riot blockchain. bioptics, completely different company. >> brian did a great job breaking it down it was trading down yesterday, now right back up. steve grasso, you have to give kudos to him, he was talking about overstock when it had a 30 handle look at the way overstock traded today, traded about 2 1/2 times normal volume, reversed, closed lower on the day if you're looking for an exit

point, not to suggest that overstock can't continue this meteoric rise, i know morgan stanley made an investment in them but the action today suggests to me at least it might be time to take money off the table >> short seller andrew left is the man, remember, who called the fraud at valeant he's now taking on riot blockchain we invited the ceo to appear alongside him, the ceo has gone radio silent, but andrew left is on the show, welcome >> nice to see you >> we've outlined the case of the concerns in general about riot blockchain which until two months ago was a company called bioptics what's the number one reason behind your short? >> it's amazing, what riot blockchain has done is taken the path of least resistance to make money. they have a few small investments, just enough to go

ahead and put it public. and they roll it out, and with enough promotion is obviously with the hype behind crypto, and the lack of assets, there it goes the whole time, really misrepresenting the fact that nothing that they have is a real player in the crypto industry. they have a small investment in -- it's coinsquare. it might be right now the number 200 trader of bitcoin, a real insignificant investment so you shouldn't be surprised, out of boca raton, florida, buy some assets in canada, do the normal shuffle, and there goes the stock. and then i was thinking, when i was over here, why am i even coming on the show, why would i not just short it, let people buy it, look at the volume today, because we know what's going to happen. there's nothing there. >> is it your contention there's actual fraud going on at this company or that it's simply overstating its relationship to blockchain and bitcoin >> no, i don't think there's --

first of all, i don't know, to be fraud, you need profits and revenues and things happening to be fraud if you want to talk about people front running the stocks before they make announcements, you could look at that but there's no operations to have fraud, to have that operation. this is the consolidation of a bunch of ideas put on paper with smart promotions involved, a lot of media press, and look at the volume you get, amazing. actually to their credit, they actually went out there and raised money today at $22. and with these options also, i think if you apply black's gold theory, it takes it down below $10 where they raised the money. i would sit and short them and not say a word >> on what level did you get short and how big of a convictions, i.e. how big is your conviction behind the short? >> high conviction i think all of these shorts, there's not enough of them out there, that's the problem right

now. if you want to short something that's crypto related and you don't want to be short bitcoin necessarily, i'm also short the gbtc, the bitcoin investment trust, which is trading at a 90% premium to their net asset value underneath it. if you're a short seller right now, and you're cautious, and you want to short something that's related to bitcoin and not bitcoin, you have limited opportunities but they're nice and juicy and riot is one of them right now >> you came on the show and outlined why you're shorting gbtc as i recall, gbtc was at a lower level at that time it's moved against you, correct me if i'm wrong. >> what -- >> i'm just trying to figure out, because you can be -- that's a strategy -- >> the market momentum can take you the other way because the mania around blockchain is there. >> absolutely, no doubt. when i was first short gbtc it was around a thousand. i was short because the net asset value was at 100%.

it went within a small amount of time to around 40% i covered. i'm now short gbtc with the net asset value got to around 60% and right now it's at 90%. so right now, i'm underwater on that particular trade. i normally don't discuss it. the reason why i do is because everyone is so fascinated with bitcoin. when you heard bitcoin's futures were coming online, it's amazing that a product like gbtc trades more volume than both futures combined cme and cboe yet it's an 85 to 90% premium to net asset value. it is so ridiculous. it only shows that investors are not buying anything except something they think might go higher >> in terms of riot, where did you get in on the short and has it been working in your favor? because the stock chart looks like it's just been going from the lower left to the upper right. >> i've been trading around riot and i got back in -- >> are you short long fin? >> no, couldn't get a borrow >> couldn't get a borrow

difficult to get a borrow for riot too, isn't it >> riot has options. >> so you're short through options. okay >> i normally don't like to discuss trading. >> we love to discuss trading. tell us how you're shorting it, we would love to know. because we get that question all the time, andrew, that the float is so small, you can't get a borrow on the stock. how is andrew left of citron shorting the stock >> i actually think that's the problem with gbtc. i'm short gbtc if other people were able to get borrows i would be down a thousand points tomorrow, it's the most ridiculous traded bitcoin instrument out there that's the issue i have with that, other people can't short it but that's okay, i'll stay short. i trade proper enough to hold my positions through these times. so that's okay >> any other shorts that you see in your view >> one thing has to be made clear. >> sure. >> i watch your show, i watch

cnbc all the time. i keep hearing the relation of this to the dot-com bubble this is not the dot-com bubble whatsoever i traded that bubble at the time people bought computers, they loved their computers, they loved the internet, they went ahead and bought the stocks. the only thing driving this higher is price alone. i don't know what tim's suggestion is for his cryptocurrency but whatever it is, it's not changing anyone's life you sat down, when you used the internet, you got your stock quotes, your corporate reports, things you never imagined, travel, communications it was transformsive this is not the dot-com bubble, people are buying this for one reason, it's going higher. that's why people are owning it. >> andrew, quick question. you talk about, at least inferred that options are the way you're trying to short something like riot. the market width of what i'm looking at on those, because

i've looked at this myself, is extremely wide are you saying, you know what, i don't care how wide the margins are, i just like to be shorted, is that how you've determined how you want to do this? >> if i want to be shorted, you can always sell -- you can buy deep in the money put, you can sell deep in the money call. >> the bid/ask spread is not so wide that it bothers you or pushes you away, clearly, right? >> not if it's deep in the money, what does it make a difference if you're selling something -- if i think riot, they sell stock at 22.50, i think riot goes under $20, why would i not sell a $25 call i could sell it if it's at 37 for $12 near month >> we touched on this briefly before, but there's a difference between having a position on a stock, and it possibly being the right one on a fundamental basis, and the stock market taking that stock where it's going to take it how long do you think it will take for the market to actually realize, hey, you know what, this riot blockchain, it was

bioptics two months ago and maybe there is no blockchain business >> to be honest, i think riot is an easy one, i think it will go down pretty fast >> whto what? what's your tart >> the management is not very sophisticated. i would have loved it if the ceo was not tv with me >> will it go in half? >> where was it two weeks ago, $15, $16 it's no different a company than it was two weeks ago what's the difference now? i told a sum of the parts analysis, and i can't put it up on your screen -- >> why not what is it >> it's on my computer, i'm not going to hold it up. >> all right what is it >> giving it the benefit of the doubt on all of their businesses, their investments, everything, i had around $9. >> $9, sum of the parts? that's based on the bitcoin operations, verity, coinsquare, test pay >> crypto, other investments,

royalty payments, everything, yeah, $9 >> andrew, thanks so much for your time, always a pleasure speaking with you. andrew left at citron. >> happy holidays. >> you too what do we think here? >> good for andrew for getting in there and acting on what's fundamentally absolutely dead on it's very difficult to play this, very difficult to get this borrow as you see with some of these names, they'll ultimately have to fizzle out. >> dan >> a couple of really important points you asked him about options, he said do not be buying options in a name like this because the borrow is so hard, the put premium is really fat, and that's a really easy way to get the direction right and get the trade wrong. ahead, fedex rallying to an all-time high. we'll bring you tell latest. plus tim seymour here, one of our biggest crypto skeptics, flipping the coin and diving head first into the space. why he's changed his tune. much more "fast money" after this

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welcome back to "fast money. fedex rallying in the after hours session. morgan brennan is in the newsroom with more >> reporter: hey, melissa, that's right, that call is study under way, fedex saying it's on track for another record holiday shipping season. but perhaps the biggest news, the tailwind, and it is a tailwind, it expects from the tax bill making its way through congress right now earnings for fiscal 2018

forecast expected to be up to $13.30 per share if tax reform happens, fedex saying that would add another $4.40 to $5.50 per share adjusted to that outlook for fedex which is paying a roughly 34% rate for fiscal 2018 year is already halfway done on the call, chairman and ceo fred smith saying the legislation about power the economy, expand job opportunities, and enhance incomes and cfo alan graff expanding on that sentiment even further. >> u.s. gdp could increase materially next year as a result of tax reform. if it occurs we would likely increase capital expenditures and hiring to accommodate the additional volumes trig federer this incremental gdp growth. >> reporter: graf saying uses of the cash could include funding pensions, increasing the dividend as the board approves

more share repurchases, and also invest in m&a where it makes sense. other topics on the call, which is still under way, lingering financial impact from the cyberattack that crippled europe over the summer. the company says it's accelerating integration of that business now and more on peak season, all the prep and strong service levels with executivessaying so far they're happy with how the peak holiday season is going. melissa? >> thank you very much, morgan brennan. that is a big boost to its 2018 outlook from tax >> fedex express is a large percentage of the business operating margins across the board are behest they have a 20% eps growth rate give or take trade says it should trade at least on par with ups. what does that mean, guy i'm glad you asked, mel. >> what does that mean, guy? >> it's a stock that's been chugging along

it's doubled in two years. the tnt acquisition now looks genius in hindsight. so these guys really, in the current environment, it's about a gdp call, analysts will react to that. that is something we'll get moving hire. >> ups in terms of deliveries, they're strapped fedex is looking good here too what does it tell us about the holiday season >> so i disagree with guy in terms of his analysis of one over the other but i do understand the multiple is a little bit higher is fedex run better? some holiday season, they are. some they're not so for ups, that's why i'm still in that name but when i heard the margin numbers, that actually surprised me because that was the one area where they thought, you know what, margins will be crushed down a little bit. that's going to be the effect. it wasn't. >> all-time high for fedex, all-time high for transports does this tell us whether amazon is crushing it this holiday season >> they likely are crushing it they've actually suffered on profitability in that q4 because they want market share, that's amazon

listen, amazon is just a couple of percent from those all time highs, i don't think there's any reason to give up on that trade between now and the at the end of the year. >> international paper makes one-third of every box in this country. coming up, tim has bought his very first cryptocurrency. it's serious business. why did he do it we'll find out plus sneaker stocks kicking into high gear. e onof those names may go higher much more "fast money" after of this 4 ♪ working as an emt in a small town usually means hospitals aren't very close by. when you have a really traumatic injury, we have a short amount of time to get our patient to the hospital with good results. we call that the golden hour. there's nothing worse than when we're responding to the hospital, and the hospital doesn't have the right specialist. evaluating patients remotely, by an expert,

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. welcome back to "fast money. check out the sneaker stocks racing higher in the last month, get that, racing higher? serving 21% under armour closely behind up 8% foot locker up 13% and last but not least nike with quite the rally at year end, 9%. most of these names down, is now the time to race into sneaker stocks and if so which name is worth a buy, pete? >> one of my favorite names has been adidas over the years last quarter, when we watched what happened with nike, you saw the growth triggered for me the opportunity. the stocks were down 3%.

you look at where they're going internationally, whether in south america or europe or china, that growth is off the charts a mature company like nike i still think there's upside in there, because of that, and you look at the direct to the consumer, that's been a growth spot, we talk about it all the time, everybody has to have an e-commerce sort of a side to who they are and that's something that's growing very rapidly, particularly in the international markets right now for nike >> again, this is a tax plan i think nike's -- i'm long of that stock it's traded off the futures numbers, the china numbers i wouldn't go near the finish lines after those moves, i don't think you need to be there >> nike is set to report earnings after the bell this thursday the options markets implying big moves. dan, what are you seeing >> on friday afternoon, it's been about a 5% mover over the last four quarters

call option was up there seemed to be a buyer of the december weekly 66 calls, 5,000 of those were traded, the most active there. look at the two charts we have, that's the one-year. obviously guy has been calling that 50. you have been calling that 50 support. it broke through that 60 and it's kept on going we have a five-year here which has that all-time high about a year and a half ago. obviously 69-ish, looks like some resistance there. but, you know, 66 calls, the weeklies, paying about a buck for those. looks like a decent way to pay for a move back towards the highs. >> i just we power pitched this thing a while ago. we talked about holding 50 a number of times. this is what swizzle things happens, we rally up to that level that dan says. i think you sell it there and take profits significantly lower. >> wow >> yeah. >> for more "options action," check out the full show, friday 5:30 p.m. eastern time ahead, the moment we've all been waiting for, tim seymour

will reveal which cryptocurrency he jusbohtt ug find out after the break see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

welcome back to "fast money. drum roll, please. while everyone was jumping on the bitcoin bandwagon, tim was adding a different cryptocurrency to his portfolio. let's find out what it is. tim, what did you add? >> added ethereum, there you go, mel, there you go, everybody ♪ this is the dawning of the ag

of aquarius ♪ >> all right ethereum >> okay. there's a couple of reasons for doing this and really, this gets to my approach as a trader, also as an emerging marking guy you can make a lot of arguments that trading in cryptocurrencies and platforms is the brave new world of emerging markets. i've been there before my view ten days ago is as we were getting into the bitcoin contract mania and the futures that were coming out, what's next, what are the three main tokens that are traded on coinbase, bitcoin is the largest, now over 80 million, it's just a matter of time, folks. to me, if futures were a driver for bitcoin, they're a driver for ethereum there's a big difference between bitcoin and ethereum ethereum is an open-ended platform it's an advancement on the technology as you think about it as a trader, it is the largest place

to get the next round of trade flows. as we talked about, this was a $2 billion market cap back in july it's now an $80 billion market cap. this is where we are if we look at the chart here, we've actually moved -- this was in august. as we started no get into the mania of bitcoin, i don't think anyone really knows how they're valuing these things, i said bitcoin had its run, i bought some in here, bought some in here frankly i'm not sure where we go at some point really there is an argument that a trader needs to take some profits. anyone who has taken profits to this point has been disappointed that's my call on ethereum >> tim, you're an investor first, you're a trader, this obviously fits into the trade category how do you feel about this for viewers at home, is this just another stock they'll judge as a trade? >> for many folks this is a fear of missing out you and i talked about this. i don't think people know how they should size it. absolutely it's going to be

based upon what they think that they have that's discretionary in terms of their portfolio. i'm guessing this should be somewhere 2 to 5%, probably lower than that. as some of these investments have gone stratospheric, i think it's not a bad time to pare it back there are those that have changed their lives overnight. i don't think that's going to be you at home. therefore that's how i would trade it >> 2 to 5 perso% of your entire portfolio or 2 to 5% of your alternative asset portfolio? >> that part of your portfolio devoted to higher risk investments. >> tim bought ethereum, age of ethereum up next, final trade

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time for the final trade >> bank of america is going through 30 >> pete loves the financials i like the you weeuropean finan. >> while tim was buying ethereum, looks like i sold some to you, buddy. >> ten days ago. >> 'tis the season -- >> wait.

you know what yesterday was? your birthday. happy birthday all right. >> i'm going to sell off >> i'm melissa lee thanks so much for watching. see you tomorrow again at 5:00 for more "fast." "m meywi t o aadon" thhenend only jim cramer starts now. one and only 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 is 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. i'm just trying to make you some money. my job is not just to entain you but to educate you is fang dead has fang died? i don't mean to be glib. i just wanted to get