restorations a good example. >> it will tell us whether the death by amazon trade goes back on or not. that one is moved like a chunk. >> you basically had it since august or september. it's been straight up. >> we'll see what that means for those results. we are back. "fast money" starts right now. live from the nasdaq market. we're looking i'm melissa lee. tonight on fast we are back and so is the crypto rally as bitcoin and other currencies search today. something just happened that could add more fuel to the fire. we'll be here on set. the oracle of omaha speaks and we listen. what is warren buffett buying right now. some of our traders speculating on his next big target. when we were last on air the markets were going nuts, so

crazy we were making deem opinionic references to 666. we were playing compression shots of the dow falling. but then -- he went dark for two weeks while the olympics took over and something really strange happens. >> honey, wake up, you won't believe the dream i just had. >> maybe it all was just one crazy dream because everything is awesome again while we have been gone the market has been in the midst of making an epic comeback. almost 10% from the lows, oils rallying, even bonds are starting to rally. so everything awesome again and are we heading back to all-time highs? guy? >> welcome back. >> welcome back to everybody. who sings that song for the folks at home? teagan and sarah.

whatever, whatever. >> it's nice. >> nice. >> couple fridays ago the s&p traded down the moving afrmg. we saw -- we all collectively said great trading opportunity to play for the long side. being completely honest i never thought a week and a half, two weeks later we'd be right where we are now. it's much too far too fast. i've been thinking that the last two or three days. by the way, last thursday if that wasn't the head fake move of all time where the market rallied up on the back of the fed news then closed 150 dow points lower, that to me signals maybe we topped out and retest those lows. tony dwyer said it today. quite frankly, it's hard to say that in the wake of what's happened. >> think about the treasury curve. we're actually now lower or in line on the ten year from that fateful daily on february 27bd where we got that payroll number that was high and the cpi number, et cetera. the vix is back to that level.

still elevated but at the 16.5. this is where people starting to draw their playbook. we've got cpi data on wednesday. the treasury curve has been the catalyst for equities over the last week, i think there's some mind fields ahead. it's not straight sailing and the reality is that equities at 3% tenure are not cheap. >> the characteristics of the market rally that had taken us to that point in time really remain intact. we're still seeing the same leadership. >> it's worth noting that the s&p is still 3% from those all-time highs and what were the stocks that made all new all-time highs first, it was amazon and boeing. it was the stocks driving the good part of the rally in january, jpmorgan, again, you know, made new all-time highs within the last week. the s&p hasn't done that yet. i would take a little issue. i'm not so certain this selloff in equities had a let to do with

rates. everyone was talking about the ten year going to 3%. it was just letting some air out of a very kplansent and nearly euphoric situation in january after we had that tax cut, after we had the anticipation of infrastructure and to me it was really healthy. do i think it was so healthy that we had a quick v bottom -- >> that sounds really easy, dan. to think about it. ultimately rates are -- you can't tell me equities at a 3% ten year are the same that they were at a 2% ten year. >> the ten year was at 3% and the s&p 500 was at 18.50. >> the s&p is 28. i hear you. sounds like you're saying you can tie it up with a nice little ribbon and keep moving >> i'm saying that the likelihood of a breakout from those prior highs will go higher it's very difficult when you consider the fact that it was the same stocks in january that were driving a good part of the s&p's gain that have led them back now. i actually think you'll see more

dispersion in stocks and see less of this high correlation like we had seen in most of 2016 with very low volatility. >> i'm smiling because i mostly agree with everything dan is saying. highly unusual. >> you guys want to hug. >> we talked about this throughout the last month or so is the velocity of the moves, the velocity of the moves in the ten year and that move as it flew to the upside that makes markets very, very nervous. grinding and pushing and plotting, that i think the market's actually can digest that much better. i agree with almost everything you're saying. looking for a little bit of the air to come out of the balloon but it creates the opportunity, mel. when we just got through the majority of these earnings and we got the facts, the fundamentals and suddenly you look at apple trading from 170 to 150, what is that a buy >> tell me what the opportunity is if the fundamentals of the market and the shape of the market and the leadership of the market are the same as when we went into the selloff, if

nothing changed about what happened -- what drove the markets higher than can we actually say that was a constructive selloff >> i would say -- >> are we back at that same place? >> i'm not sure i would call it a constructive selloff. it's much more about algorithms and bots and computers and different programs set up that use momentum. the -- i was big into this the last couple weeks watching this thing. when you have bid spreads as wide as they are and you hit a bid, when you hit a bid that is much different than those tight bids that's what's causes the panic because people are getting filled at terrible prices. >> maybe i wasn't clear. i do think there's a potential for a retest in this market. the vix is back down. you said 15.5, 16. pete would say correctly that the vix is giving you another shot quite frankly on the downside and i would agree with that. i can't believe we'll have that textbook of a move where we

trade down to the 200 day moving average to the s&p and off to all new highs and nothing has changed. i do think there's still some -- there's still some fear factor left. >> the last thing i want to say. real quick. volatility. how long did we actually stay above 20 on the vix? we were there for two weeks but that's not a while. normally you'd expect that to take much longer. we got up to 50. we closed on 37. that volatility absolutely spiked. everybody around the world including jim talked about, oh, my goodness, all this inverse and stuff and it lasted from february 2nd to february 14th and the next day he dropped 100 points. >> did the he will selloff not last longoff the snap back is too fast. >> can i ask a different question what if powell says we think the economy's chugging along and we're concerned about wage pressure and we think inflation is something that may be a bigger factor, do you think the market is going to be very happy? the market's going to be down

400 or 500 points. >> the thing that started this on the back of comments like that if they were to come out, but those comments that tim just said given what's going on are 100% justified. >> of course they are. >> i would be more concerned if he doesn't say it. >> he's not going to say it. he's not going to spook the markets. >> there's q&a. he's going to be asked. >> and this is a guy that may not be as adept at answering those questions. >> can i add one thing let's look at the russell 2000. >> there he is. >> that was expected to be obviously a big beneficiary to tax cuts. what is happened as rates have gone higher, it's counterer acted that in investors minds. it's only up 1 1/2% on the year. now it's up about 7% 8%. you want to keep an eye on the russell. that may be a better indicator of how investors are viewing risks in the market rather than focus on these ten liters.

>> it doesn't. >> small caps should be in goldilocks here. not only are small business being held by this tax deal but you have a case where rates are still low, unemployment is where it is, wages are going higher. look at european equities. they've been in a terrible space. the dax is only up 5.5% with the dollar weaker. some things aren't fully healed. >> despite the broad rally there are two big industry groups that have fallen and can't seem to get up. that could spell more trouble. hey, carter. >> great to see you, great to be back. interesting, yes, cars and homes, this is a big part of gdp and a big part of the market and they just don't act well. if you think about it they weren't performing in line with the market leading up to the swoon. they underperformed during the swoon and they bounced last since the bounce post swoon. i wanted to look at three tfs and drill down.

i got auto etf, cars, 34 stocks, it's everything you could possibly imagine. home construction, itb and home builders. there's overlap in these two if you net out the double accounting you got 90 stocks and the whole thing is worth 1.8 trillion. what i tried to do here is plot all 90 stocks equal weight as though it were an index, let's look at the names just to put this in context. these are leading names that are in the cars etf. it's tesla, nissan and porch. down today, down today, the xhb is a broader aggregate and it's got home builders in it but it has things like home depot up 11 cents today. lowe's, whirlpool.

if i were to take all 90 stocks and plot them as baskt, this is what it looks like and i think you can draw the lines one way like this which is that's a fairly well formed head and shoulders top and those typically are resolved by lower prices. now, let's take away the lines and i want to look at the bounce of late. now, on trend and it's come down in trend and it's bouncing. here's the issue. the bounce, the selloff in line with the market but more than the market and the bounce, the market has bounced all the a back to here. to to put that in optical context, look at the next chart. here's the same thing, so even as we're going up absolute albeit barely look at the relative performance to the s&p. it's making new lows which means it's not bouncing. money's not going into this area of the market. it's a problem. keep going. so, here's the chart.

again, i think you can draw the lines like this and what i'm expecting is that this is the beginning of something not good and most of these stocks really underperform badly today. i think it's an area of the market that speaks to rates among other things but i do not want to be overweight or even long most of this stuff. >> carter comes over. >> carter's over. >> head and shoulders on this equal waited basket of stocks, how does the overall market bounce look? >> so think about it. we have parts of the market typically things we're leading going into the selloff. xl came in a new high today. if you look at the pure growth or pure value. what's really starting to happen here is we're getting a lot of stocks that haven't come back at all. big assets like ups, certain broken down health care names. we're starting to separate and that ultimately would imply that while the market can bounce to make a new high that's enduring,

the odds of that are pretty low. >> my question is, i look at financials and this is grabbing classic analysis, people want to see transports, they want to see financials and they want to see tech. tech and financials were beasts during this pullback and if anything financials look fantastic here. >> right. except what's interesting, if you were to look at so-called value which is what this is, home building and that kind of thing, they are still underperforming. there's an index you can look at. the s&p 500 pure growth and pure value. the bounce off the low in the pure value is only up 8%. the pure growth is up 12. it's the same things that were leading and will continue to lead. while banks -- i mean they've done okay, they're not going to win the race. i just don't see that. >> february 10th, 2016 the s&p trades down to 1810 that day. s&p closed higher in the day. never looked back. i bring that up, does this past

event look anything like that and can we just be in for another v. shaped move right back to all-time highs >> that's what you were talking about before i did my drawings up there and that is the issue. i can tell you certainly in my dialogues with clients, it is literally split. there's a full half of the market that believes normal. it was caused by volatility that aren't real and most people didn't even sell any way. and we're just going to go on. then there's an equally and important crowd that says, listen, when a big noise and a thing goes off in your basement, you can ignore it or check it out. something changed. >> how do the charts resolve the two sides? >> my hunch is no new highs. >> good to see you. pete what did you do today >> there's been activity across different parts of the marketplace each and every day and some of them -- energy. carter talked about it. you guys talked about it earlier in some of the underperformance. exxonmobil has found feet underneath it. i bought some last week.

>> look at what's going on in agriculture and ad commonalities. even a ccz, watch this stuff because soy's making highs, wheets making highs. >> walmart's interesting. talking about the volatility. except for the fact that this stock went from 90 in november to 110 just in january now it came back to that 90 level. there's a lot of support at 90. you want to use that as a stop but i bought a little bit today. i'm looking for a play back to mid-to-high 90s. >> i encourage you to read it and dhip -- look at the micron. the chip stocks, sold off in that whole frenzy didn't get hammered. they're almost back to levels we saw preselloff. chips go higher. >> it's not just the stock comeback. crypto is on fire. all the coins heading to all-time highs. the cofounder of one of the

largest coins ethereum will be here to explain. jim cramer will be here to sound off and dropbox just filed it's ipo and a heard of unicorns could be right behind it. we'll tell you which company could be the next big ipo and which company should stay ate as long as possible. much more "fast money" still ahead. alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today.

the accounting at ge has not been a model at all in recent careers. but you can make mistakes in something like insurance big time and long-term care is probably been the biggest single element of misreserving in insurance throughout the industry and they were in it big time and but i was staggered by the amount of it. >> that was the oracle of omaha warren buffett talking on "squawk box" this morning. he also added that he sold his small stake in the company at about 29 bucks a share. that's a nice trade. how much worse can he get from here we saw ge touch 13 and change. >> 13.95 actually. seven year low. the stock closed higher and

traded about one and a half times normal volume. so maybe, just maybe with this news that was awful, by the way, maybe this was the kitchen sink and maybe tim is going to wind up being right. i think most of us here have been for good reason. when you have a day like today where it should have cratered and it didn't, at least now you have something to trade against in the form of a $14 low. >> hold on one second. we have breaking news here. it's a cramer alert. >> there he is. >> he's joining us now from the set of "mad money" and we love curling. >> great to see you. >> i'm glad we're all back on. it feels terrific. >> thank goodness. what are your thoughts on ge right now? >> i think that it's true that it had a reversal day and i do think also, guys, when people -- i was too positive for a long time. my worry here is that warren was really top of his game today and what he was saying is, look, we

made a mistake. his own company made a mistake just last year missed pricing, the risk of long-term care policies that they insured for aig and i think what he basically said was, ge, no matter how good john flannerry is this is just an intractable issue. when i hear that i think, when will they ever get a dividend from ge capital? when were they able to put this area and whole issue behind them and i'm not satisfied that it's behind them yet. >> it's a value trap versus a value trade at this point. >> i think john's doing a terrific job. aero space is turning around. health care he already had turned around. but these liabilities, whether they be pension or in this case long-term care, particularly unfathomable. if warren buffett says that he is, his company the best insurer ever misjudged the risk, why should i think that john flannerry hasn't done the same even though he's got a better board and doing a lot of right

things to make things more accountable, this issue it's befuddling everyone and that's negative. >> request quick question for you. flannerry talked about the potential of being three corps businesses is that the right direction? >> i agree with him. i think if he didn't have such nagging problems, he's approaching everything right and i don't want to bet against him, but my problem is, is that i was watching a lot of us when warren started talking this morning and he talked about ge's been blessed. he was not real -- they're worth kansas. what warren made me feel is like there's going to be even more cash involved than ge may think and what that says to me that's something john flannerry can't control. what he can control, i think he's doing a very good job on. >> can you control the following things your eagle won the super bowl? is the bloom off the rose?

have you come down from that high talk to me about the birds. >> talk to me about atlanta which is when at that point may not be the champ. i am on a high from it every single day. i was in italy and every day i got up and still put my eagle hat on, not that they knew what that is. as you know, these are things that changed your life. i cried like a baby after we won and you know what? i'll do it again. this is a team that is my psych can i, the cities my psyche and i can't be more proud of these guys and the team management. just fantastic. >> all right. terrific, thank you so much. >> thank you. i miss you guys. really do. thank you. stick around for more jim. that's "mad money." you're in ge. >> how do we come back to ge after that this is tough. i think getting the tk out there

does a couple things. i don't think there's a smoking gun. the lack of information with something that was very concerning in terms of long-term care and issuance and i think the more information we get here they got 15 billion in new credit lines, i don't think the company needs capital. >> jim said something that's important. there's no reason to jump in. one consistent mistake that i've made throughout my career is buying things too early that i thought were cheap and that's why you mentioned as a value trap. we're shorting things too early. >> when you get the selloff, what do you look off you look for the great opportunities that are out there getting oversold. ge is not in that category. flannerry has the right idea with the three core businesses. this will take time so there's so many other opportunities between now and then. it's better to be some where else. still ahead, dropbox filing for an ipo that could be worth $10 billion and the move could unleash the rest of the unicorns. one of the early investors will be here to tell us what he thinks the next big ipo will be.

you're watching "fast money." here's what else is coming up on "fast." >> overall is berkshire a net buyer or net seller of stocks right now? >> it was .interview that stopped wall street and sent investors into a tizzy. we'll tell you what stocks people think buffett is buying right now. plus bitcoin is on fire. the cofounder of ethereum will tell us what that is when fast money returns.

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welcome back to "fast

money." >> hello, melissa. today they announced the deal to buy pelonex. now this is potentially an important deal for two reasons. it's fairly large. it's said to be about $400 million. that's large for crypto. perhaps more importantly it may help improve perceptions. crypto observers have often noted to me that these crypto decrypto exchanges have a lot of legal and regulatory issues. we know that. that causes a lot of potential investors particularly the retail evidence about getting involved. circle buying pa loanex. circle has management credibility and second and most importantly it has a bit license that's a license to trade crypto occur ren siz from the new york state authorities. that's important. all this may help give confidence to the market. circle is hoping that it will

improve their product and drive more business for them in particular. the big issue is, does this circle tie up create a legitimate challenger to coin base which is the big guy in the space. some people that it does. circle has raised as much as money as coin base. that's true. it's got legitimate backers. that's true. it's got almost as many employees and multiple products. it's got that regulatory license and now it has one of the largest exchanges out there. they seem to be saying there is room for another player in the space. with regards to retail investors, circle has communicated plans to introduce a retail focused app but they also want to host tokens that can represent anything of value and this is from their press release this afternoon including real estate, art and literature, credit, futures and more. it's a pretty ambitious agenda. we'll see if they can carry through on that. back to you. >> thank you. for more on the future of

cryptocurrency let's bring in joe lubin. welcome to the show. great to have you with us. >> thanks for having me. >> can you break down consensus? this makes that interface a little bit easier is this. >> consensus builds software. mostly in the ethereum ecosystem. we build software for corporations, for governments, enabling us to move from silos wall garden systems to shared trustworthy fluid collaborating infrastructure. we also build a lot of the infrastructure for the public ecosystem enabling us to process 6 billion request per day and we build lots of applications on the ethereum platform. >> people will say the cryptocurrency that isaligned with that platform, so bitcoin to block chain, either with ethereum, that the success of that currency, that's the first app that exists on in a platform. to what extent are these

currencies and the success of the currencies a referendum on the success of the underlying platform >> first, bitcoin was the first application in the block chain space, many people realize that there should be many more applications built on this shared trustworthy infrastructure, so we don't consider ether a cryptocurrency, we consider it a crypto fuel. you need to pay small slices of ether every time you run a program or store information on public ethereum and it is indeed a referendum on the success of the platform because demand obviously drives the price of the token and there has been demand. >> so it's been pretty frenzied almost year and a half now in the currency space but it seems like there's a lot of companies that are actually finding a massive market with big large institutions who want to implement this technology. to me it seems like investors

are thinking like this islate '90s internet thing. you got to take it a step back here. we're late '80s. where are we >> let's call it mid-'90s. >> split the difference. >> it's definitely the case that like the internet, like .worldwide web there was a period in which corporations weren't comfortable using the public internet and they used intranets, basically the same technologies but more private, more secure. we're seeing that with many large institutions we work with quite a few of them including governments. we're seeing them get their toes a little bit wet with the technology in a private permission context while lots of developers are building out many different kinds of applications on the public block chain which can also be used on these private permissioned infrastructures. >> in terms of the industries adopting ethereum as a platform

on which to build various contracts or what not, which industries are you seeing the most adoption that you're most surprised by and has that changed over the past few months? have you seen new industries really come at it hard and say this is something we're looking at right now that they weren't looking at a few months ago? >> i'm not surprised that any industry is interested in using this breakthrough technology. early on the financial industry, banks jumped into this partly perhaps they were concerned about intermediation. they were interested in the efficiencies, the new business models that it would afford. we're seeing every industry jump into this, any industry that wants to move from siloed infrastructure to essentially collaborating with their competitors, within their sectors or industries across industries, any sort of value chain that can shared

infrastructure that want to compete but also collaborate that's perfect for this technology. >> so shipping. >> so supply chain, energy, insurance, banking, health care, education. we're seeing it everywhere. >> everything under the sun. it's great to have you with us. we hope you'll come back. joe lubin of consensus. this is one that you have been in. >> and again, it's because it's that platform that so much can be built on and i think it's interesting. you talk about ibms role in pulling a crypto to decentralize platform for the entire shipping network. joe quickly mentioned he's working with governments. it's not proof of concept. the issues right now are all about regulation. that's the biggest risk right now and obviously it's the biggest thing you need to see at the same time but governments need to get in control of the flow of capital and i'm not sure how they'll reconcile this right now. >> it's pretty cool that pe referred to ether as the fuel for ethereum and that's something that -- if we were to see a lot of these occur ren siz

settled out, and then people can really start focusing on what they are, use cases for that's the point that everything that's being built on ethereum network or a lot of these icos, then you can drilling down a little bit on broader investment themes. other than the currencies that you can buy on coin base. >> still ahead, oracle of omaha, warren buffett has $116 billion hole burning what should he do with it. we've got clues on who coul be next. much more "fast money" next. hi i'm joan lunden.

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welcome back to "fast money." billionaire investor warren buffett talking to becky quick on how he decides what his next big buy is. >> if we buy something, we don't have the faintest idea whether it's going to go up next week, next month or the next minute. if i like it, we buy it. >> sounds simple, right? with berkshire now holding over $100 billion in cash we thought it would be the perfect time to play -- let's make a deal! >> so which company is next -- >> pick me, monty. >> next buy for buffett. the traders have their white boards ready so pete why don't you kick us off. >> i'm going to start us off why united airlines. here's why. so he buys into four straight

airlines all jumps in about a $2 billion investment in each one and i think of all of these, people say what's the worst of the group. i would say united's the worst of the four in terms of how it's run and managed and all the rest of that and that's where i think warren buffett sees the value and the opportunity because normally when you look at delta and united, they should be trading some where in a similar market cap. well, right now united trades half of what delta's market cap is because delta is run much more efficiently and better. the management over the last ten years has been better. crude over the last decade have had struggle after struggling. this fits very much in like burlington northern started out. when we sat on this show years ago and somebody was selling putts and buying calls and positioning, warren buffett bought that company -- we do call that a risk reversal. >> tune in friday at 5:30. >> do you think oscar munoz of the ceo? >> do i think he likes him

>> yeah. hasn't he always bought companies where he likes the management. >> he's not. >> i have to tell you this. my -- i know you've been in the airlines as much as i have. i think of all of those out there right now eo-wise the most vulnerable would be munoz. >> i agree with pete. there's intrinsic value in united that berkshire seeks out. they're value investors. i'm going to -- >> give your own pick. >> so i think mr. buffett should buy gm and again, this is a stock that he actually dumped six months ago. ultimately there's a lot of value here. when i think about gm and their business over the next ten years, i believe this is a business that's going to be very well positioned as the entire industry repositions. >> do you want to change yours >> no. i love mine. with 160 billion he could do

both. >> thank you, peter. >> good point. >> he's got a lot of money under the cap. >> go big or go home. >> that free agent has performed in the last six years. >> you're right. hold on there, cowboy. >> gm has performed pretty nice. >> they've had a nice 12 months, my man. >> but he's looking at to pay for tomorrow guys. he doesn't care about the last six years. this company's well positioned at the right price. >> go ahead. >> you do your pick. >> so i don't know what they drink in omaha but they drink this ever well sels this starbucks coffee. when you think about this stock is set out to rally the last year or so. there were josh brown he shut you down today. what he said about -- >> shut you down today >> he's a growth at a reasonable

price. that's what you have -- >> who did that shutdown >> i don't know what show you watch. that's crazy. >> "the halftime report." >> is that it? >> stop buying your shirt. >> what are you going to say >> starbucks rich evaluation. i would think mr. buffett would be a more a dunkin' donuts type of guy than starbucks but that's just me. >> when you think of iconic brands, dunkin''s been around a long time. macy's. you think about that we're talking bay company less than 10 billion market cap. huge real estate interest as well. mr. buffett could come in and put his seal of approval and maybe dress up as santa claus this year and that sucker goes

from 27 to 40 like that. >> would that be the only reason why it goes from 27 to 40? because mr. buffett bought it? >> good question. >> seems to have turned the corner. their holiday season wasn't a disaster. this blue mercury stuff isn't ridiculous and there's a chance that the stock will trend high -- >> did you buy that shirt there? >> did you buy that shirt there? >> would that be a good thing or bad thing? >> i brought out a new shirt. it's a great shirt. >> it's a nice shirt. it looks like it comes -- >> that's good. >> it's always so good to deliver that one. >> it never fails. >> there's one thing we know he likes and that is apple and so do options trader. dan's going to break down the options action. >> in apple today, call volume was one and a half times. the calls and puts but the most active strike was the march 2nd

weekly 180 calls, 36,000 traded. when you look at that activities that's punting around. the breakout on march on friday's close would be 181 and that's just above that prior high here. again, this is a stock that's also been very range bound over the last few months. it did not have the gains that some of its other faang go horts. >> the extended faang. >> think about it this way. if you're buying the 180 call for a $1 on monday you're playing for a 1.5% move. just a little short-term trading action. >> nice. >> where can we learn more about things like that >> you can learn more about things like that on options action which is our show on fridays at 5:30 p.m. eastern time. it will be back as well. >> can't wait. >> sweet. dropbox gearing up for its public debut. one tech investor says it could unleash a flood of other unicorn

ipos. plus, many investors are taking a hard look at socially responsible investing but investing with the moral compass the right move for your portfolio. the answer might surprise you and we'll explain why when "fast money" returns.

welcome back to "fast money." the biggest tech company to go public since snapchat is waiting in the wings. dropbox vying for an ipo.

deidre's got all the details. >> dropbox is one of the oldest tech unicorns around founded in 2007 and it's last private market valuation was $10 billion but investor have wondered if the company is actually worth that much. here's what we do know from its s 1. 500 million users, 11 of which are paying customers. revenue grew 30% last year to $1.1 billion while net losses shrunk by 47%. on the risk side, revenue did slow in 2017 from the previous year and dropbox warns that it may never be profitable. dropbox also says that it's actual number ofusers is lower than 500 million as one person may register more thanonce for the platform. there could be double or even triple counting here. the question is, can its financials get it close and how could that set the tone for a number of other aging unicorns dropbox names amazon, apple, google and microsoft as risk factors, the field that investors will be closely scrutinizing after snap and blue

apron fizzled in their debuts amid threats of bigger tech names. other unicorns will be watching this ipo as well. they include uber, spotify and airbnb. uber is on track, melissa. >> thank you very much. so with dropbox going public with this unleash the unicorn ipos. brick heightsman an early stage, great to have you with us. >> thanks. >> you're in the position at companies now that might actually go public, do you watch ipos like dropbox and how they trade first before deciding whether or not to go >> completely. marketing conditions is one of the key factors and we've been investors in a lot of great ipos going back and going forward, we have a number of companies getting ready to go and we look at market conditions and now is about as good as market conditions as we've seen. >> are you yourself feeling the

push to push them out the gate >> not really. we look at the right time to go. you look at general market conditions and where the company is. does the company have recurring revenues do they have the right team in place to get from here to there? that will determine if some of these guys go out in 2018 or 2019. >> who are the next ones to go >> the deca corns are such big unicorns worth over $10 billion. lyft lyft's trying to get out before uber because you never want to be the second guy out in your space. that's going to get ready to go out. spotify we should see in the next 100 days. they'll even try a direct listing. that will be a big ipo especially for new york where they have a ton of people. >> do you see any unicorns where you think they should stay private as long as they can? >> uber until they figure out their issues. they have pr issues, driver issues, if you go through all the things -- all the challenges

he has to face, that's not 2018 challenges, that's probably 24 to 36 month challenges. >> what do you think other than raising capital is the biggest benefit for a company like airbnb to go company >> those companies are going to have to go out eventually. there will are to be liquidity not only for their investors but their employees. if you're going to go out at some point you might as well go out when there's great market conditions. you have great financial results. you have great market conditions. sometimes great -- good is in and you're trying to find a good market time to get out. >> rick, we'll have to leave it there. i'm curious from your standpoint, rick was talking about these great market conditions, are they great in your view? >> the market conditions, yes. when you talk about the names he brings up, you better still be accelerating not deaccelerating in terms of your growth.

that was the problem for snap. >> we seen what happened with snap. delta, hertz all taking a stance against the nra. is this good or bad for investors? the answer might surprise you. don't go anywhere because we've teth rht more "fast money"ig afr is.

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welcome back to "fast money." after the most recent school shooting in florida, activists are taking aim at the gun industry and their first target is an unexpected one, wall

street. leslie is back at wall street with all the details. >> their investors and owners and weapons of gun manufacturers, the financial services industry is taking a hard look at their exposure to the weapons industry. bank of america as well as black rock and state street say they plan to engage this weapons manufacturers to improve their safety. blackstone reached out to outside funds where it owns equity positions and asked managers to explain their exposure to the gun industry but warren but fet today said that he thinks companies should be cautious about being too political, that he doesn't think that berkshire hathaway should say they're not going to do business that own guns and just last hour, fedex rebuked the nra saying the company, quote, owes assault rifles but they did stop short of changing their policies. nra members received discounted rates on fedex shipping. they have never set rates to

their politics. thank you very much. tim, do you want your company to wage into the social issues? >> i think from an investors perspective i'll speak out from someone that's invested in companies that either are doing things -- for example, i actually have been involved in liquor companies and tobacco companies and they've been fantastic investments. ultimately you get to a place where investors need to make this call themselves and that's what it comes down to. >> we ran numbers here. took a look at s&p 500, environmentally and socially responsible, both industries move in tandem over the last five years as of friday's close. both are up 85%. so, with all that said, would you do it, invest with your moral compass, pete? >> i would, yeah. i would invest with my moral compass. i understand everybody's side and the way mr. buffett laid it out is the right way to do it.

it's all about the what the companies are and what they represent and how you feel about that. if you don't want to be involved, you don't have to. there's a lot of stocks out there. >> would any of you buy gun stock? google or what not, does that change your mind >> the political correct answer is no under no circumstance. the short answer is yes. >> that's true. >> got it. up next final trade. well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool

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one final trade tonight pete. >> cl. >> that does it for us. great to be back, guys. >> come 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 but to educate and teach so call me at 1-800-743-cnbc or tweet me @jimcramer. holy cow, i come back from vacation and the magic catches fire