weeks ago. all these bowl games, they make hundreds of millions in aggregates >> it's all about the money. >> the current system was years from haggling and know we want to reopen the process? >> thank you, eric, chemi. are you going to watch >> i probably will. that does it for us. "fast money" starts right now. live from the nasdaq marketplace overliking times square, traders are pete, tim seem op, dan nathan and guy adami. bitcoin goes bust, tanking today. the rival etherium takes off and one of the its creator says this rally is just getting started. that's later but first we start off with the

market there's a handledful of family names. >> do we have to pick? chips, chips, chips. >> all right >> though i will tell you i do like wow google valuation. i think it's -- >> but you said chips. >> yeah. >> he's guess his own pasti counter. had e. it >> valuation you have to like my chron. add it to the conviction by a list that's underperformed the news that came out last week, i think it does benefit, so those are three chips i like.

there you go >> cornucopia, smorgasbord. >> he pistachioed'd, bottom line is i think the chips are recovers from what was clearly a lot of profit-taking, they were the once that were parabowl is they had the once that were multiple when i -- and make even netflix, so here i am, they're ultimately names that have a lot of growth in 2018. if anything i think they are show he emphasize stocks google, as guy said, when he talked about everything possible, actually has a great valuation. >> oy actually think you said something smart there.

>> sit think you have to think about how they're positioned and what guidance you're going to get you may have some conservative guidance going forward then i would say into earning fang looks pretty well here. >> what does that set up >> well set up to be and raise and continue to go higher. >> i mean, you're -- is it -- really, i just -- she asks the questions around here. i don't think there would be a whole heck of a lot. >> a little an moss knit, starting -- starting when tim actually said something smart. >> i like at applied materials,

i understand all the backdrop on what's going on, but it's already adjusted somewhat, so i still look at the chips as moor up side. >> severely underperforming. >> yes, absolutely we continue to sea pay flowing, if you would have set tech versus chips, but fang versus chips? i'm going to take the chips. >> obviously the rag sways on the netflix -- in terms of amazon, they could come out with a corner that disappoints a lot of people, so that's out there google is compelling, but the stories we just mentioned still have a lot of runway it's downright cheap >> how do you explain how they gave probably the best numbers

and guidance that speaks so well. >> i don't know why. >> i can tell you why. it was a huge move. >> it goss back up, so it makes sense to pull back a bit >> and it's held in, 44 1/2. it's not like it's falling off the face of the earth, but i do think it will move in 18. >> the ceo was on earlier, and she's really -- if you're looking for the value play that actually has their toe in a lot of interesting areas when we think about emerging technologies, that's stock hell ten late last year when the news couldn't get any work, i've heard her speak live, you know, she's talking about autonomous and crypto, so that's one where to me i think if this chip rally continues to go through 2018, that's one i think you'll see

some value players take a look at. >> we vent mentioned m eed m & a >> think we'll see some of it. i think there are names out there. >> it the low-hanging fruit? >> it seems like that would be the case on intel has made some acquisitions of all the names that stand out, though, i would say nvidia you have the gaming element for them, but they're in everything. you want to talk about potential for growth to the up side, that's one unfortunate to have with an intel, a micron, make amd. that's the fact that that's your data play. nvidia is really cheap, because of where their growth will come from

we talked about nvidia for a long time, so you're making me choose one how about nvidia three >> wow, we're ranking. >> top fang, google. this is a story if you think about where utalk -- they set all kinds of numbers, in terms of viewership, the hours watched, et cetera this is the -- >> well, there is one big tech tolling stock. of hay, carter, break it down. >> you have to get this right, it's a sector in itself. just to put that in context, here are the top three largest sectors, we know that tech is

one, financials two, health care three, in that order but take a look at apple you know, apple itself at 4%, how does that compare? compare this to the bottom 4 it's bigger than all materials it is a sector, and one has to get it right on you wrong, so for 2018 or at least for q1 or q2, i think it's a good bet here the first chart is this. i think you have a nice steady bounce off the line. let's zero in here a little tighter. this is over the last four, five months you can see the trim let's put in the lines that's a technical setup you can

find in books, typically they get resolved up and out. then just to address the issues, has it been two good this is a ten-year chart what you see very clearly here is that apple is up huge since 2012, but it has made no net progress to the market i think finally you'll go above. if you compare it to its sector, last chart, it's not only at the high, but making a series of lower intermediate lows. i think that's also an opportunity and not a risk i like the fact it's been going nowhere for years.

i think you want to be long. >> apple has underperforming that's a shocking -- >> so what a relative performance is >> it's a ratio, in 2018, it is not beating the market i wouldn't have guessed it, so you say, yeah, that's its problem. if it were a bad absolute chart, looking down, i would be worried about the poor relative perform xwrans, but if it's a good -- i think it's an opportunity.

>> is it a forgone conclusion? >> what is it now, about 800 -- that's more than 10% that's goings to be they headlines and so forth, but it's not nothing that tech is the best-performing sector, as q1 performance goes, tech is an outperformer 71% of the time, the best stats and they're already doing well out of the gate >> let me take the other side of that those charts, as often technicals due, confirming a fundamental maybe apple is -- and sever the refresh gave it new symptom. the debate has been, is this just a hardware company that will get that service company? i am not one that believes that,

but those charts could be confirming what's not really a surprise for the market at all >> there was a huge miss behind amazon and apple, the miss of the home pod they're getting further and further behind they're all talking about it that is a huge threat to this company in 2018, especially if you believe that hardware margins will top out somewhere around here. they introduced siri in 2011 before all their competitors, and they are falling way behind. voice is a huge one for them >> so a pa shaw that carter -- >> -- is a fan of "fast money", by the way she's actually introduced people we love her here

>> if the absolute chart we are rolling over, i would be concerned. i like the absolute set up. >> would you rather that we deal with fang or chips which chart seems stronger without his take. >> what did you do today, peet >> you know, i love what the market has been doing for the first four or five trading sessions we averaged over -- which is $3 million above normal >> a quick programming note. do not miss po jana partners barry rosenstein and anne sheehan tomorrow exclusively at 12:00 p.m. coming up, etherium

re-claiming its clone by market cap. you will not believe where one of its creators thinking they're going next. and feeling heat after bitter cold. we'll tell you which names got hit the harders, and which names our traders bought. and what do pot and food stocks have in common? both flying high as a kite is it a coincidence? we have the details, much more at this break. for your heart...

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money. airline stocks taking a hit. all sinking as a bomb does that cyclone tore through the east coast, leaving passengers across the country stranded sparked a bit of an epiphany of one of our traders epiphany is putting it politely. >> all these stocks that were down today, i think a lot of it has to do with investor sentiment. a if you've been traveling, you

come back with a horrible experience, to me it's a disaster, so at the end of the day, i think all these stocks, united, delta american, they all get back up. and fire highs, and then down 45% or something. >> i mean. >> if you want to be credible -- don't exaggerate for effect. >> you want me to go to the charts >> yeah, maybe >> your point is well taken, and those have been absolute fantastic trading opportunities. >> you always sell the highs -- >> i don't know, i'm just asking. >> i invest in companies where the fundamentals give me the abilities to -- arbitrarily.

>> just to clarify, we want to be accurate. just to be clear, it does have a -- >> and let's move the conversation to the other part of the desk here i believe it's thursday, their earnings growth is probably 18 to 20%, trades around 11 or 10, maybe not even ten times earnings i think'll -- passengers revenue available seat mile came in surprisingly high, i would think the sell-off should be bought. >> moving on caterpillar shares a hitting a record high.

the firm citing strong earns, to drive the stock higher this year first of all, good for jpmorgan. they upgraded the stock. why after this move? the bottom line here is the top four reasons is extension of the -- this means it was going about 2017 >> when in fact what has changed, is the tax code what these guys can throw in, with new and used equipment.

but a lot of the resource names. it started mid-2016. we saw recovery in ag, and yet here we are getting it now >> i get the from you trace, but they do make an interesting note, in that caterpillar, and all the other names, year two of a ten-year resources cycle, which actually means there's a long trajectory for a lot of these stocks as well >> i totally understand what tim is talking about they're so late, and i know you do, i can tell by your tone, but that doesn't mean it still doesn't go up, because of the fact this thing has plenty of room to run. what do they all mention in

their note was it priced in >> apparently it was -- still ahead, biotech stock sinking today. we'll find out if any of the traders are buying -- in the meantime, here's what else is coming up. pot stocks are heating up. they could be causing another group of stocks to go higher as well we'll give you the names and how to play it ♪ up up and away plus that's what ethereum has done in the past week. you won't believe how high the co-creator sees it going he'll be live here when time returns. but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan,

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sdplee welcome back to "fast money. the gyp ocraze continues, is this the dawning of the -- ♪ this is the dawning of age of aquarius ♪ ♪ the age of aquarius seems like a good time to add ethereum buzz. what is it and why is it rallying hi, bob. >> hello, melissa. even by cryptocurrency sit standards. it's been weird for ethereum i did clear $400, rememberings ethereum was, what -- ethereum is now the second biggest cryptocurrency sit, with the market cap approaching happen almost of bitcoin. that's amazing ethereum is a cryptocurrenciy,

but they differ in purpose they are contracts that automatically execute when specific conditions are met t the rapid ascent that is the ripple, now, which drops at 100. what happened, it's not quite clear here, but ripple has said the price conflict ways is due to coin market cap, that is now, they say, excludes korean exchanges, not just for ripping, but for other cryptocurrency sits as well it routinely counts for 10% or more, and more sometimes of other currencies like ripple we've got talking about this recently, that they were inspection six hold position, back to you.

>> bottom, thanks for keeping an i'd on us. >> hi, amanda. great to be here >> we have certain see huge driving of the cryptocurrency sit. where does your forecast work go >> i think it was -- what you're seeing with ethereum is exponential increase in the number of projects and i could see that billions of dollars being poured into that, and maybe ten times more projects this year >> that's very likely. there could be what they call

a -- so they could potentially flip on the other hand there's an entire increase, there's more areas in which the public can invest, even in bitcoin, so you could just see an expansion. >> you mention something that's very important, and that is the number of projects being built on ethereum. you maybe this a parallel to the window software of the cryptoworld in the way it's being used and the projects being built on top of the protocol where do you see the biggest leg of growth from which industry >> you're seeing a tremendous amount of growth across a wide variety. -- tech is actually the natural area, but now you're seeing it

becoming increasingly more creative, so you find projects in oil and gas industry, you're finding government using it in their applications, you're seeing it in gaming, all kinds of different areas it started off, you know -- narrower a coupleiers. >> do you think as more speculators come in, the fact that ethereum is considered to faster and cheaper, do you think that has something to do with the outperformance the last few weeks? >> yes, ethereum has shown to be much more stable recently. people are actually using it for currency as well so transactional costs being lower, increasing using of the

entire network, and increasing the network effects of it, so more users, more projects and more programmers a. so it's just, you know, it's going on an exponential standpoint so dove stale on that. >> that allow this to be the platform, as it becomes bigger and bigger, you have to bet on one -- is it a self-fulfilling dynamic? are we getting to the place where the big are only getting bigger at this point you can't fight facebook there's also competition there are some other platforms plus bitcoin itself is having

another platform coming on it. and that could after some competition, too think of it similar to the days within apple over the 70s had a garr gant want market share, and it came in so we haven't hit that moment yesterday. in terms of taking a look, you mentioned ethereum, and there are many, many uses daze to it can a cryptocurrency exist if the sole existence is being on a store value. i guess i'm asking it in the context of bitcoin. >> i think a lot of people call it a value, but now more of a

payment mechanic tiism, because you're thinking over time, you know, the price increasing on it, people are using it more as a -- so i think that will change over time but that's not in the way you would look at something -- people call it -- sometimes digital gold it's called i think at this point in time it's probably in a place to be -- >> thanks for your time, steven neyayof if f co-creator of ethereum. >> for me it's all about any of the cryptocurrencies, i'm probably the wrong person. i think the chicago mercantile is the way to play it, because it gives you everything that cme

does, plus the cherry on troop is cryptocurrency. >> tim, you're on a roll another smart comment. what you're talking about is the network effects, and that's the thing, if you're a symptom investor, you're looking at they platforms and network effects, and your question makes a lot of sentence, two, we're all like you, guy, as we think about it you have to figure out why they exist. >> they're looking to built upon this platform, i think that'sself if you filling. >> cheaper, faster, the other interesting name, how about seagate?

>> i think you stick with what you want to invest in. >> still ahead -- he bought ethereum for the first typhoon, did he take profits? we will find out. plus the so-called olympics of health, where some of the biggest names in the space are gathered meg tirrell is at the center of it all >> this is a conference that's all about deal activity. we spoke with the ceo of what analysts say may be at the top of that are m & a lith we'll tell you what he set your spending too. and if that's not enough to help you save, we could start a carpool. look at this traffic. don't worry. ok, if that's not enough we'll start a trainpool. oh i have a meeting in five minutes. and if that's still not enough... i got it.

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jpmorgan's annual health care conference bringing the biggest names to san francisco this week, many companies keeping an eye out for m & a announcement meg tirrell has been there since earlier today. >> hey, melissa, one of the biggest deals and really the only deal announced so far has celgene's purchase of a private biotech company called impact biomedics. it makes drugs of a cancer of the bone marrow, if approved would be almost a billion dollar product. we asked the ceo how that will

affect his business. here's what he says. >> in some ways, it would be competitive, productive, expanding the market, because we know that we are still not at full penetration in this market. >> one of the other biggest things people are watching is a cancer dreg it insight has, in combination with immuno therapies. they'll have data that analysts are calling one of the biggest binary events of the year. that's why people say insight may be at the top of list for m & a we asked him about that. >> it's been a question that is always out there for us, of saying they're a case for somebody to acquire us we have a plan in the companyies after th

tax overhaul, and they're going to have the ceo of reagain ron on tomorrow. he's always outspoken. stick around for that. >> meg, thanks meg tirrell in san francisco for us despite a strong start to the year, biostocks getting hit today, plunging 4% so what do you make of this rough start, guy >> well, the science till works behind these things. the stock went from basically you saw the move, from 130 or so down to, what, 95 or so? celgene i think has messed up a lot of people. i do think the science works in this space, and i think we can own names like am again and

gilead here. what do you they with the board? power pitch? >> what show are you on for the past 11 years? >> happy anniversary, by the way. >> happy anniversary if you like the science, you have to buy the people who service biotech. >> how about acquisitions? what happened to acquisitions last year? >> and there's still all that cash on the balance sheets i think on some of the big farm oohs does pfizer decide to make a move somewhere in the space? >> like a big move >> and will they make a move or who is going to make the move if you're looking just for the stock itself to prime minister, you're looking at a biogene, a look at misother names, but no doubt about it, those are the names that are being looked at for acquisition. >> so forced to choose, i.b.b. or x.b.i i would think make you go for

the x.b.i., because that's more mid cap-y. >> i like at the ibb, that's a chart that's stills off its lows i don't think this is a driver for the sector right now maybe getting rid of bad m & a, but to get that, not as fast as people want. one is voting against it dan, break it down over at the flag -- >> let's go to the xbi a lot of people were talking about a lot of activity, but xpi ran hot, like two times average, and it looked like shortly after d. it was a bearish role

3 thousands, going to the 1.62 the 83 puts for 50%, now down to -- so maybe looking for a pullback here. this is that chart, the s&p 500 is up about 22% over the last year whenyou look at the xpi, it's almost double that performance obviously a nice uptrend here. the stock may have found some resistance here, and then i just want to go over to the five year what am i doing here this was the campaign here remember that? there was a lot of talk about drug pricing butted move all the way back here i wouldn't expect this thing to give up so quickly, especially when there's not a heck of a lot of drug pricing. >> thanks for that, dan. >> nice charting

>> for more option, check out the whole show friday at 5:30. still ahead, the pop stocks could be soaring giving another contact high >> we love entendre. is tim buying more etheuerm? he has three simple rules for trading -- week braille it down when we return you traded options.y, i thought 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. a number of pot stocks are on fire as of late, but could this spark a rally in the fast casual space in let's get to the man who never turns down a good late-night munchie dom chu. >> it was just last week when people were making fun of me for being way too much into fast food, taco bell in particular, but there's no way to tell for sure if the stocks are correlated, but both are kicking 2018 on the bullish side of thing. cap pit growth up 27%, same

thing with emerald, and then aurora cannabis is up 46%. if if you want to believe that somehow restaurants are tied to improving prospects, take a look at darden. improving consumer sentiment may have more to do with it than anything else, but it's fun to think how food and pot might be tied. >> are these a coins dents, or could pop pot stocks spark a rally? >> i don't think it's about the munchies or about getting high it's about getting well despite

the sounds they love to play on this show. this is a biofarmo story, a wellness story, where the multiples are going to absolutely outflank the once that come from the recreational use. without the uses for epilepsy or all those things >> canadian companies have a whole business model where it's fully legal. >> and what risk they may not have >> but some valuation.

>> i hate that. >> that long run might have been theb -- now the individual states are talking about it. now we have shined a light on it, so you know what it was bad for the day, i think you lose that battle, but you win the war. it's not just people getting baked, back to tim's oint. >> well said. >> your favorite fast food, word is, is jack-in-the-box they have a munchie meal in california it's called munchie meal like a $4 chicken strips and french fries, all that kind of stuff. >> let me get one more in there that's sort of in this world you brought up gw pharma, and

it's a $3 billion company, so obviously it's all about therapies. scott's miracle-gro is one of the most interesting ones to me. they moved into that space if you want to talk about growth, and hydroponic and all the rest of it >> you know, listen, if you were so incollide to partake, i think -- >> of what -- oh, in that. >> i would be inclined to go to a shake shack if the stock pulled out toward that breakout level. >> i love the way we produced this segment, but to link it to it insane. the fast-food companies are getting consumer confidence and tailwinds, and if anything they had headwinds from labor costs, higher food costs.

>> here's a stock that's underperformed is domino, and they had -- how they were using technology, this i about it, netflix, our partaking, you hit your app, you dial up domino's. >> have the sound effects from dan. >> ummm. coming up, after tim's wild ride, is she still buying, or did he take profits? we'll find out after this quick break. ♪

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welcome back did you know that it rose more than 50% >> bought some in here, in here. frankly i'm not sure where we go at some point there is an argument that a trader needs to take profits anyone who has taken profits to this point has been disappointed, but that's been my call on ethereum >> i'll tell you what i've done, but ultimately the first point i want to point on is the year we had in 2017 may not be 2018.

the context of your investment certainly has to change based on the performance. check, our, second, it's about risk/reward. i talked about the last time, how much of your portfolio, andivity somewhere between 2% and 5% of your liquid trading assets that are devoted to high-risk investments could be in crypto. ultimately after 00% move or 50%, i'm now playing with the house's money. to me the risk/reward is i have capital at work, and it's not for 100% check, too, focus on the fundamentals this gets back to how i looked at ethereum, this is no different than the early days of emerging markets with big catalytic events with the reasons for owning

this is the platform that i think much else will be built on i think they're getting a futures contract will be another thing, for as complex as this entire space is, i think there are some simple reasons i stay in here, so ultimately what have i do as we get to look at the chart this is where we are, i started here i've done nothing. basically i'm still in the positions. this is ultimately a platform i expect to be in from some time i will be taking profits probably north of 50%, but i want this is a foundational investment. >> north of 50% from here? >> yeah. >> another 50% >> yeah. >> those are not exciting gains. i think this is a trader's paradise i think you buy, sell, buy, sell. up next, fin tdealra

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ibb, i think you have to chart there. >> dan >> intel good spot on the long time. >> move out of, ben. delta, that will get you done. thanks for watching, see you back >> my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer! welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job is not just to entertain you but also educate and teach you so call me at 800-743-nbc or tweet me @jimcramer. good news matters in this market bad news, not so much. there's simply not enoug