>> alphabet it's a clock work type company. the earns just come. be interesting to see what they have to say about the ad market. a lot of this controversy about measurement and all the rest of it in digital ad. >> alibaba, the one worth looking through, they offered in english. "fast money" starts now. it does. thank you very much. melissa has a well deserved day off. i'm brian sullivan. your traders on the desk tonight, steve see more, brian kelly and dan nathan now's diversity. the scandal rocking las vegas. also hammering investors, wynn resorts dropping nearly 20% since that bombshell came out. plus, one top strategist calling it the great crypto rotation and that could have bitcoin back in the saddle again. tom lee will be here to explain. all that ahead but first we

begin with what appears to be a bit of a breakup. apple, falling again. it's nearly two stocks down this year and it seems to be diverging from the rest of tech. the xlk the, up 7% apple down about 1% in the same time period. apple is now lost about 50 billion in market cap for the past week. tim see more, is apple's rally over >> tech has been rallying without apple. if you think about amazon, amazon's never been this over-pat going into their own earnings this week since 2007 roughly. if you look at where apple's trading and talking about positioning and market momentum, you got a 27 rsi which means that apple sentiment is terrible. you had everything from the supply chain rumors to the reality that we know that the fourth quarter or their fiscal q1 may be shipments are south of 30 million which for the market

is not great news. a lot of news is already in this the stock price. expectations are extremely low. big tech cap is as good valuation that you have and nobody has more leverage to pull than apple. >> if you think about exactly what you're saying what the other names have done going into this, going into earnings, they've done really, really well. so you look at apple. i thought apple was going to breakout. i was wrong about that. 165 becomes really important technically, that to me is where your support is but i look at something like google or amazon and it's not to take anything away from them but those charts are starting to look at hockey sticks. they're straight up. you want to take some of those profits, lock it in with an option or something like that but to me there's more risk in a google and an amazon and those names than there is in an apple. >> 100%. obviously it's flat on the year. there's your risk level there. i always say to tim, if it's not in the stock until it's in the stock. >> i never understand what he's

saying. >> it can't be in there unless you actually see it in the fundamentals, you actually see it physically in the quarter. there's been so much speculation on apple that it's overdone to the downside. the algorithms got carried away. this is an important level. so watch that level but i do think it's a -- >> sell the news not sell the rumor. all you have is reports. reports say x, reports say this -- >> you're buying news. >> nothing is known fundamentally. >> you're buying the news at this point. so once it breaks -- >> we know for a new release this was the worst release -- >> i wasn't arguing with you. this time i agree with you. >> brian's disagreeing with you. >> yes. >> i do believe at this point it's a buy the news event. you sold the rumor now it's a buy the news event. it's all baked in. i do think you see higher prices shift. >> it's really important when you're talking about google/amazon running into earnings the way they have. there's been a lot of commentary from the supply chain.

the other point is, this is a story that has to actually broaden out a little bit so we know we spend a lot of time on services. we knew that services grew 30% year over year last quarter. it's only 16% of the total. you look at this other stuff. if you're excited about air pod and home pod and all this other stuff. last quarter they only made up about 5 or 6% -- >> sounds like you're not. >> i just ordered two home pods. >> you ordered everything. >> i know. they'll go back. what's really important here is that home narrative that we heard about for like 18 months in the lead-up of the iphone x which is this upgrade super cycle. it's not happening people. it's a myth. that's the big problem from a fundamental standpoint. if they can't expand the ecosystem and can't do it with these higher margins products that's why the stock trades at 15 times well below market value. >> you've always been recently

critical that apple has too many skews out there, too many products, steve job is turning in his grave. they released an iphone 8 and they got a lot of movement to the 7s. people are definitely upgrading their phone, whether they're going for the x. i don't think you can call this refresh cycle. >> a year ago, there was 300 million units that are two to three years old that need to be upgraded. the problem the company just did and they might have pulled an epic, epic savannah few is that they raised the price point so dramatically, they raised the bottom end on the ten to a $1,000 but most of those, people were opting for the 256 gbs and to me, all of a sudden you have consumers thinking about an iphone the way you would think about a laptop and those upgrade cycles are massively expandable. >> i walked in wanting the x and i said you know what it doesn't have that many more features for $1,000 buck.

i think that happened to everybody. >> seriously, you were coming from a really inferior phone. >> i had a 7. >> you were also trading in bitcoin so they didn't know what you were talking about. >> two things. two things. number one, to dan's point people are buying it on the monthly plan. something like 80% of buyers are using the monthly payment. the $1,100 looks scary but then they said don't worry it's only another $42 a month. we have been here before with apple where there's been a quarterly worry about production, supply and demand. they make it up the next quarter and everybody realizes they're overreacting. could that be happening here >> they're going to be as profitable as they've been since their record quarter of 2015. it's not lean times for apple. >> do we carry about units or -- >> what happened after that record quarter in 2015

>> stocks sold off 33% over the next nine months. >> you're going sell it into the hole here. >> it sold off 25% in 2012. >> the stock gets sold on products -- >> do we care about units or -- dan brings up a big point. >> it has sold off and it has recovered too. there's enough in this for everyone to win. longer term the stock's still intact. longer term i'm still long because i've been rewarded with higher prices as you go forward as a long-term holder. >> do we care about units or profits? >> we care about units. >> we care about profits. >> we care about units. it's the growth. you're caring that with everything else. >> do we need to think about growth with apple? everybody in the world has a smartphone. why is this a growth story >> it's not a growth story. >> apple's -- >> there was a short period of time where you had this upgrade growth cycle and to dan's point it looks like it came short of expectations if not -- >> we've been here before to

brian's point. we've been here before and the stock still maintains. apple's number two business, services the app store is bigger than facebook's entire business. their number two business. >> tiny for apple. that's the problem you have. >> ultimately it is relative to itself moving significantly and we're at a place here if you think about what peoples' expectations were they were massive. they knew where we were on the stock in september. this stock had as big of a move in september. are you really surprised it's been weak here look, this is the cheapest mega cap tech story by far. when you think about the 50 billion in free cash flow they generate every quarter, these guys can do what he they want and buy back a lot of shares and they probably will. >> it's like a verbal game of crossy road here. >> let's tail the emotion out of this. let's get chart master. tell us what the charts are telling you. >> so the sixth person to weigh in here. here's the chart.

let's draw some lines, figure it out. trend line. here it comes. it's very precise. this is the arithmetic chart not a log ridge. this is responded quite well consistently and reliably. we'll break this. that's my hunch but a small amount. here's what i'm looking at next. the 150 moving average has served as a perfect stopping point -- let me make a point. the average is way down here, more inputs, slower moving line and this stock has bounced to the penny to the penny to the penny off the line. implied move tomorrow is about 3.5% to 4%. i'm thinking we're going to go right to the line. a slight dip that would then give us a 10% selloff peak to trough. it's going to be a down move. i think it's going to be less than other moves, averages about 4.25. you should take advantage of that if one isso lucky to get

that movement. let's look at a few other things. some of the things that are on the -- worrisome side that dan would be interested in and surely watching. relative performance is poor. the thing about apple, even as it's gone up and even as it's been able to make new highs, it's relative performance has been stalling and, in fact, has broken below the 150 million average. let's look at this another way. here's the chart and what we've seen really just the ability to move up while your relative performance is poor to the market means that people while they might be buying, their buying other things with a greater interest and that often say foreshadowing of something not right. and then finally, this is really interesting. not because i did it just because it's a chart that's interesting. 2012 to present, the stock is up 30%, to 40% and yet this is a perfect double top in the relative. it literally has stopped right on that line.

let me draw it for you, see if it's in there. the stock has made no net performance in about five years so either this is the setup for the final stall something in line with the bears view. my hunch is this is going to be a mild selloff into its earnings. >> all right. carter, come on over to the desk now. welcome, carter. >> thank you. >> have a seat. >> what is that? >> i have no idea. it's interesting too, all the stuff we talked about carter, the charts, they take that out. the known information, the rumors of speculation. that's the idea behind the chart. >> we don't take it out. the charts are all those things. >> what i meant is, they strip out the emotion, all the yelling. >> the chart is the collective judgment of all market from the largest page one holders to the most aggressive speculators on the street. what we do know is the stock exhibits poor dollar strength. the question is you talked about

the 15 multiple, you talked about they can do whatever they want. perhaps a great deal of what's coming i think it will be light or miss, is pricing. down 6.6 from the high. so about another 3.5%. my hunch is that's what's going to happen. >> so carter, it sells off 3% after the earnings. is it a buy at that point? >> i'm interested off the line. >> can i ask you this? so you're calling for a 10% peak to troughs. >> two other times over the last year the stock has sold off 9% peak to trough. we're in a broad market that's -- 400 days or something the longest period without a 5% peak to trough. what does that mean -- >> it's incredible. >> what does it mean for the broad market >> there's more risk for the caterpillar and boeing's. the sick ular, the growth names,

always have the prospect of falling back on their growth. >> wouldn't you then be worried about the triple q's when 16% are apple and facebook and amazon's gone through the roof. >> the interesting thing is, one of the things you were talking about is the weakness or strength going into a quarter that there's great risk if your steep. often it's actually the opposite. if there's a -- you talk about google being steep. they often get those freakish netflix type moves. it's that strength that's foreshadows something really powerful whereas it's the weakness like an apple being dodgy that is the foreshadowing. >> before we get to who's buying apple, steve, if apple goes down, continues to go down, will it drag all of tech down with it >> i don't think so. i think the reason why you see those hockey sticks and that was going to be my question, is it a zero sum game? who do you think has benefited the most out of apple's weakness because when guys trade this they trade them as groups.

>> anybody here buying apple today? >> no. i'd buy it exactly like carter said. it drops 3%. i do think you buy this for a tra trade. >> much more ahead including steve wynn under fire after shocking allegations of sexual assault are hitting him and his investors. a special report on wynn next. plus while you were watching bitcoin get cut in half, you might've been missing out on some other major crypto moves. we'll tell you which coins have been tearing it up and which ones our own bk is buying. steve grasso has one name that's up 50% in the last year that he says is about to breakout. hopefully he'll break out the razor the next time he comes on the show.

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find all the answers you're looking for - because getting what you need should be simple, fast, and easy. download the xfinity my account app or go online today. sna welcome back to "fast money." taking stock in a furrus ex-wife that is where we pick up on the steve wynn sexual assault saga. >> reporter: health hath no fury like a woman scorned, what could be problems for steve wynn might also be problems for his ex. she denies it. it's complicated. elaine founded the company with her ex-husband and it's hard to find anyone outside of las vegas who will say a bad word about her. the two actually married and divorced twice. it bars her from selling her shares in large amount without

her husband's permission. he controls her stake that's steve wynn with his new wife. elaine's been fighting in court to change all that but the knives started coming out in 2012 when another cofounder of the company sued wynn after wynn accused okata of bribery. shap was brought in to help wynn. wynn took okata's shares away from him in 2012 that invalidates his control over her shares. then in 2015, elaine also lost her board seat. it has been mostly winning for wynn until now as you look at what some of the analysts are saying today. state gaming officials could revoke his license if they determine he's not a good character or honest or his actions bring bad publicity to the state. they would force him to sell his 12% stake and possibly sell elaine's 9% stake since he controls it.

some analyst believes wynn's business will suffer. barkley suggests the sale of the company is quote, the most likely outcome and in a twist, brian, ubs lowered its rating to neutral from buy but raised the price target to 194. it's not going to a 1.49 not yet. >> thank you very much. let's trade this. jane brings up a good point. las vegas sands, las vegas sands, $59 billion market cap, wynn, $18 billion market cap. do you believe that steve wynn's company is a takeout target? >> not right now and i think there's still a lot of people that need to see certain pieces fall into place but on the valuation, wynn is very, very cheap. around 12 and a half times after this move, kind of two spins

cheaper than where lbs is. you could see a lot of shares forced into the market. could investors get shares cheaper? i think so. >> if you look at wynn, wynn was the poster child. everyone loved. it was -- las vegas sands is up 13%. mgm is up 13%. they're reliant on vegas versus mccowl. wynn is going to be a buy. it's way too early to take stabs in the dark. >> way too early to start buying the stock. >> this is a company where you could see the problem right now appears to be steve wynn, the man, and possibly the board for either ignorance or complicitly. it's not the company, but if it starts to become the company and you remove the company, maybe the value's there. >> between here and there, we haven't even talked about any corporations potentially canceling events at this. this is day two of this and we've seen the history of ceos

in this situation has not been very favorable. i would just say you don't need to buy it today. there's plenty of others a to play gaming. you don't need to buy wynn today. >> without making any statement on what this means socially. clearly this is different than a weinstein because wynn has assets. there's an asset value. there's a pipeline. very healthy. >> don't you think a good bit of the brand is tied up into the name, you take his signature off the big hotels and rebrand it -- >> i don't know. look at the rest of the gaming industry, dan. it's been on fire. i don't think it's just -- >> the one thing you need to worry about, we talk good about equities, i was looking at some of the bonds, specifically the five and a half coupon, ones do in 2027 down 4% today. that's just something else you need to watch.

>> the market is quantifying what the wynn name is worth and we're seeing it come out of the name right thousand. is it over i don't know. there was a lot of tentacles that we just opened up this story. i think it's way too early to start nipping at it. it will spike higher one day. i don't think today's the day. >> still ahead, steve grasso says that despite a 50% jump in the past year this tech stock is worth your money. here's what else that's coming up on "fast." >> this means that another party on your line is using the telephon . plus bitcoin tom lee says a major shift is happening in the world of cryptocurrencies and it

could have big implications for bitcoin and he'll llte us what that is when "fast money" returns. hi, i'm bob harper,

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if you can't afford your medication, astrazeneca may be able to help. welcome back to "fast money." while you were watching bitcoin, an almost 600% stj rally was happening in another crypto commodity. seema. >> that is right. bitcoin hit a high to $20,000 near december 18th of 2017, since then, bitcoin has lost about 37% of its value, but not all cryptocurrencies have performed poorly during that same time period, smaller alt coins that have a market cap of less than $3 billion have outperformed. the rai blocks is up about 600%. larger cryptos with market caps of over 10 billion have also done well. stellar a global money transfer system with realtime settlement,

it's up 130%. neo a platform which utilized smart contracts like aethereum has posted gains of 97% while ripple is up 80%. etheej rum has been staging a rebound trading next to its all time high. a strategy used by mainstream traders who missed out on the bitcoin rally and are now looking to find the next bitcoin by investing in newer coins that offer similar or even more complex functionality than bitcoin. >> thank you very much. so bk, you own stellar, what's your take >> yeah. i still love stellar. what you see happening is when bitcoin starts to go down or weaken a bit, people start to rotate out into these other coins. you look at stellar and kneo and eyoes that i also own. people are building on top of it. people are -- there's a bit of

dis-persian going on. there's a lotmore going on in this market than just meets the eye. >> stellar, sounds like the sat uri -- saturn lineup. >> what does stellar do? >> stellar is very similar to ripple. global settlement currency. they have a deal with ibm called hyperledger. potentially, if you look at ripple which is going after the banks, stellar might be something that goes after retailer, that goes after supply chain and it becomes a settlement currency globally. if i look at the total addressable market of the supply cain champion it's much bigger than something that bitcoin's going after. bitcoin's going after digital gold. if ripple and/or goes after global m.i. that's $100 trillion market. there's a bigger market for

these guys to go after than the digital gold that bitcoin's going after. >> your next guest may say this might be the beginning of the great big crypto rotation. tom lee is joining us from phoenix, arizona. what do you mean by that sfr from what to what? >> well, we think 2018's going to be a story about rotation. the rotation we're referring to is between the smaller alt coins and the larger platform tokens that you guys were just talking about. one of the signals that we've seen if you look at each of the last four years, whenever alt coins the smaller ones rally more than 300% and in january -- mid-january, 78% of small capped tokens rallied at least 300% in the past three months that generally marks a peak and then we start to see rotation into large cap quality tokens and there's fundamental reasons supporting that so we think we're starting to see this move into the top ten tokens and that

should actually help large cap rallies. >> define a large cap quality token because -- i mean, at this point in the game, it's so early we're not talking about a 50-year-old blue chip company, even the oldest token is maybe a couple years, if not a couple months old >> yeah. well, that's -- yeah. that's one of the interesting things, right, is that, you know, the oldest token is, you know, 8-years-old but there have been a light of cycles. to us large cap tokens were ones that were pre-2017 and have, you know, established team, you know, actually, you know, a road map that they've been following and, you know, a sort of a built-in support base. there are very few large multi-billion dollar tokens that have been around pre-2017. those are the ones we think are the large and we amalgate these into the fx crypto, fx 10

crypto. >> what you're seeing here is i talked a little bit about bitcoin being digital gold. these other platform tokens, relative value wise, let's take kneo, they're much lower market cap than bitcoin. when you look at that valuation-wise, does that mean something like an eos should equal the mart cap of bitcoin? >> well, there's just a lot more potential. in some ways if we look at neo in its development it looks a lot like aethereum did at the start of 2017, so there's a lot of potential for neos to do quite well. i actually think the -- the easiest use case for cryptocurrencies is store value today which is bitcoin, but i think that financial corridors are obviously very obvious use cases and i think that's what these tokens are addressing.

>> price target on bitcoin, tom lee? >> yes. we think it's going to reach at least 25,000 by the end of 2018. so it's more than a double from here. >> how do you goet to that it's pure supply/demand and scarcity >> you have virtual earnings on cryptocurrencies because there's rewards paid to miners and transaction fees. one of the things that cryptocurrencies don't have is cash flow and i think that's really what's tripping up a lot of investors. if you look at the vast majority of large cap tech stocks, they're not distributing that cash flow to shareholders in the same way the block chain is owned by everyone who owns the coins. if you accumulated all the bitcoin that's out there you actually own the block chain. it's not that different. it is a present value basis. >> tom lee, very bullish, 25

grand. thank you very much. enjoy phoenix, nice and warm. what do you think? >> i'm bullish on the entire asset class. >> you love that. >> there's still a wall of money coming at this place. even if you don't believe in the tech, believe there's a ton of money coming in to buy a unlimited supply. >> the rotation into smaller cap coins is it fundamentals or guys rolling down to cheaper assets because they think they're doing to go higher >> there is one element of people saying what's the cheapest coin i can buy because i want to buy a lot. that's a crazy reason to buy it. >> people do it with stocks too. they split the stock. sticking with the coin. will bitcoin boost tech earnings we'll get details. plus, grasso making his way over to the plasma warming up to pitch. the one stock he says is about to take off. can he convince the other

traders or will they just oltrl it. "fast money" back right after this.

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welcome back. it is time for our instant replay. if you remember all the way back in may, steve grasso said that square was poised for a breakout. >> it's up 36% year-to-date. i've caught roughly 30% of that ride. i do believe that this stock can move drastically higher from

here. let's call it another, 30% from here having a banner year because they have that much growth ahead of them. >> and what a call that was? square shares are not only up 30% but a whopping 145% since that pitch. steve grasso, great call. >> thank you. >> it's a great company. it's not a payment processor. it's a service company. it's up 38% year-to-date and it still has a lot higher. >> it's hip to be square. >> true. >> or hip to buy square. >> what do you do now? >> i'm stig long on the stock. i think still think this stock has a bunch of upside. it's amazon in the early stages based on you can't figure out it's valuation. tremendous upside ahead. >> okay. since you hit it out of the park with that one, why don't you head over to the plasma with another home run idea. >> all right.

okay. so this is the home run idea. twitter, you guys have heard us talk about this on the desk numerous times over the years and it's always sort of when is it going to breakout, when is it going to breakout. with the news of him leaving, this guy's a rock star, you can't argue with his resume, but if you look at the rebound, the market didn't see him as the turn around name. he went to go become a ceo because it wasn't going to happen for him at twitter. when you look at the stock right now you have the ability for a potential takeout we heard rumors about google, we've heard rumors about sales force so that is still hanging out there. if you look at what they're capable of, they can be instagram, they can be youtube and now with facebook tweaking their news feed, they can be the new service of today and tomorrow upside is tremendous

from here. >> twitter the fast pitch there. anybody got a question for steve? >> i do. bk, here, first time caller, long time listener, love your work. today we heard about some fake followers, fake accounts on twitter, does that concern you at all about this? >> sure. all of this has to be concerning. i think right now facebook is in the cross hairs as far as rules and regulations and d.c., so i don't think you're going to get twitter getting that backlash that facebook is getting, especially from the fact that the president uses twitter. he doesn't use facebook. i think this one is going to escape most of those headwinds. >> all right. by the way, this big story in the "the new york times" over the weekend about buying all the fake followers, this is something to watch, something to be on the radar there. no more questions. it is time to vote. are you buying grasso's pitch, by you i mean us and you of course >> tim >> i'm a buyer. >> b.k.?

>> yeah. look at the chart on this. the bigger the base, the higher in space. i think you buy this one on the breakout. >> dan >> i'm also a buyer and on a relative basis to snap when you look at 16 billion enterprise value. i think you buy twitter all day long. >> wow. steve grasso, not only the nice chart, you got three buys, buys all the way around the desk. >> the folks at home. let's see what they say. >> the buyers at home are out there because the stock is up about 2% after-hours on that pitch. does this make you want to follow the stock. we'll head over to twitter -- twitter on twitter it all seems to come back. >> go to our poll "fast money." plus is the government taking over parts of telecom. new reports surfacing that the trump administration is considering buying in to the national wireless network, how aikely is that scenario? crg movet will be here weigh

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to create even more opportunities. all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov. welcome back to "fast money." we have got a news alert on metlife. that stock is sinking after-hours. let's find out why with morgan. >> reporter: so shares of metlife tumbling in after-hours trade right now after prelimb earnings and rescheduled the release and subsequent call. why? it's revising prior financial reports because of overdue monthly pension benefits that it had failed to pay to potentially tens of thousands of workers in

the past. metlife did disclose that last month but as of today it has determined that prior release perform group annuity reserves resulted in material weakness in internal control over financial reporting. in other words, it needs to set aside an additional 525 to $575 million pretax to fund those pension related reserves. now the insurer which has been managing other companies retirement benefits for decades also disclosing that the scc has made an inquiry and that the insurance giant is not aware of any intentional wrongdoing in connection with the matter. metlife now expects adjusted fourth quarter earnings at -- far below the 1.08 consensus. that's been pushed back two weeks to after the bell february 13th. earnings calls schedule for the following morning. shares down 6% right now. >> morgan, insurers generally do not move like that.

this is really interesting. b.k., by the way, what blew up g.e.'s number last week or two weeks ago was problems in their long-term insurance -- insurance has got an issue right now. >> insurance, pensions. they have an issue. we've been in a relatively low volatility and you have a lot of people that are retiring. insurance has an issue. i don't know if this is isolated just to metlife. i don't want to necessarily say that. it's something to watch. it's not the first instance that you mentioned with the numbers last week. watch the space. watch going on. this could be a canary in the coal mine. >> thank you. let's switch gears telecom companies also on watch. this follows a report out of axios that the trump administration may be looking to nationalize part of the high speed 5g mobile network. julia boorstin out in l.a. breaking that story down. >> reporter: brian, according to axios a proposal by a national security counsel official

involves an unprecedented nationalization of infrastructure. the idea is the federal government would pay for an build a single 5g network as a way to achieve a centralized 5g network within five years. all thetelcos dropping over 1% today on concerns about their investments in 5g. fcc chairman issued coming out against the idea saying the main lesson to draw from the wireless sectors development over the past three decades including american leadership in 4g is that the market not the government is best positioned to drive innovation and investment. the wireless industry's trade association coming out in agreement with chairman pai while mark warner saying, quote, i'm concerned that constructing a nationalized 5g network would be expensive and dupe la active particularly at a time when the administration is proposing to slash critical federal nexts in r. & d for unserved areas.

this idea would be debated for months but at&t is already well on its way with 5g. at&t says it's set to be the first to launch mobile 5g service in a dozen locations later this year. back over to you. >> thank you. for more, let us bring in craig moffett. axios done a great job. do you buy this report >> no. part of our job is to separate signal from noise. this is pure noise and there is a 0.0% chance that this is -- >> 0.0 why? >> it is neither technologically sound. it is politically -- it's bizarre that it comes from the republicans. if it came from bernie sanders, you know, you would think but it's there's going to be no political support for it. there's no money for it. there's no laws that would

support it. >> why does the stocks move -- >> they did early this morning. by the end of the day i think that was all out. the telecoms responded to the fact that the ten year rose and all the yield sensitive sectors soldoff. charter was back to where it was in line with the market today. so i think most people perceived this to be a cooky story. if there's any kernel to this, you can -- from an equipment perspective we don't like the idea of chinese telecom equipment coming to the u.s. market. you could see today they're -- you don't use them in networks that are used by the government. you could see a broader prohibition on chinese telecom equipment in general and there seems to be an undercurrent in the report itself about trying to foster a u.s. manufacturing

capability in telecom but this idea of a nationalized telecom service is complete noninstruct. there's no part of this as a telecom carriers, there's no part of this proposal that seems serious. >> so when with you look at 5g and when you look at at&t and that early report but then you look at verizon that take out of straight path, what happened to that isn't verizon positioned with the most spectrum at this point? >> remember, 5g is a lot of different things to a lot of different people. it is most importantly it's a technological standard but it is also for some people a seft frequencies so-called millimeter waefl or very high frequencies and for some people it's a use case, things like driverless cars and iot. verizon is probably a bit ahead. they certainly have the most spectrum. part of what the technology

standard requires is extraordinarily wide blocks of spectrum. today's report that was reported on by axios for example, talks about doing it in mid-band. there aren't mid-band blocks that are wide enough to do it so technologically it's goofy. but -- >> technical term. >> verizon is the only one that has millimeter wave spectrum in those very wide bands today that they could do it and there are -- even there, there are real questions with what can you do with it how well does it penetrate walls and windows and propagate through trees and snow and rain and all that sort of thing there's a lot of question marks around it but verizon is probably ahead of anyone else, probably not at&t. >> let's be clear, 5g, they may not be familiar with it, it is ridiculous how fast 5g is going to move. is this going to eliminate wire

line -- >> no, no, no. >> that fiber optic cable and a physical connection to your house and if something happens and some dude's have to come out and repair it. is this going to make a stream of two hour movies seamlessly to everything wireless in our house? >> no. it'll be a step function better but the idea that this is -- this is kind of some dream technology, you know, the physics or the physics. look, i think actually what's happened, one of the use cases that people talk about is fixed wireless broadband and substituting for wired broadband. as you get a little closer to it, i think people have come to the view that that is going to be a little bit less likely than they would have thought three, six months ago. the physics of whether or not you can find all the places that are dense enough to sort of make the math work but then does the angle of incidents from a

telephone pole and the radio on a telephone pole get past the first row of houses and does it penetrate trees well enough to work and that kind of thing. does it work in markets that are not already -- that aren't so dense that they aren't already wired by fiber the use case for it for fixed wireless broadband looks to be somewhat limited actually and probably getting more so as we learn more about it. >> all right, craig. throwing a little bit of water on that report. we appreciate your insight as always. thank you very much. >> guys? >> i think you said something really important. look at what's going on with -- look at what we've seen in yield related names, utilities over the last month and a half. i think that's probably a bigger head wind to the stocks right now than anything from a technological standpoint. >> we tie them together but we shouldn't. thank you. we look forward to seeing you again. still ahead, it is a one tech stock reporting this week that a wall street analyst

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you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. let's take a look at amd, advanced microdevices jumping 3% after getting a price target increase from a & m partners. it could give a big boost to the chip maker.

the stock has soared nearly 30%. the options market is applying huge moves. dan nathan at the plaza. break down what's expected. >> sure. i would say the key word there was could provide big upsides. this company did see upside revenue upside in 2017 from crypto mining but they've also were very clear in november and december saying they are not factoring in upsides for 2018. so that could be one reason why the market is applying a pretty big move about 10% in either direction the day after they report earnings on average over the last four quarters the stock has moved 15%. call volume today ran hot. 2 and a half times that. the most activity was really interesting. it was in the weekly options in the 13 and a half strike. in the calls and the putts there's about 25,000 of each. this looked like it's a volatility setup. when you buy a call and putt in the same expiration that is called buying a straddle.

you need the stock to move greater than the purchase price of the combined call and putt to make money. that is about 10%. so this trader could be looking for a bigger than expected move. i want to look at the one year chart. you saw this gap after earnings. we saw that gap after earnings. the stock up 30%. it's trying to fill in that earnings gap from q3 here. this one could be poised for a big move one way or another and just lastly let's look at the five year chart here. it's obviously been in this dekrending what ever you want to call it here. i'm expecting a big move at least 10% either direction. >> 10% in either direction. that is a big move. just rehinder. if you like options check out the whole show. options action, 5:30 p.m. every single friday. up next, are you buying grasso's earlier pitch for twitter? someone out there is. the stock is up after-hours nearly 2%. you can vote in our poll at cnbc

"fast money." we'll show you the results right after this break. oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, only with td ameritrade.

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fidelity. open an account today. you know what is trending on twitter right now? i had the time of my life. >> so special. because america's buying grasso's pitch. you know dirty dancing the movie you know where it's filmed,

virginia tech. >> thank you for being here. >> nobody puts tim in the corner. >> at&t sell it. >> there you go. steve grasso als 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 but to educate and teach so call me at 1-800-743-cnbc or tweet me @jimcramer. >> what do you do on a day likeo