run. people said if only twitter can figure out a way to monetize it. now they are getting credit for being about to >> they haven't made any major business model changes >> no. that's the point the market has decided there is strategic value now is so much greater because of the success. >> we look forward to hearing more from the cfo. that does it for "closing bell." "fast money" begins right now. >> "fast money" starts right now. live from the nasdaq market site i am i'm melissa tonight on fast it's crypto purgatory all over again as bitcoin hovers around $9,000 but there is a hospital record core company and one coin that could send to it the moon. plus trouble for tech stocks roger mcnamee says one stock will feel the brunt of the brouha brouhaha he will be here.

first arc wild day for the white house as president trump is speaking at the marine corps air station in san diego moments ago a headline crossing that the trade war with china could be brewing it. ayman jabbers is live at the white house with the latest. i can tell you new details about the reuter's report. reuter's reporting that the president is considering tariffs on $60 billion worth of goods coming into the united states from china can i tell you that also under consideration here are a couple of other things, tariffs are under consideration. investment restrictions on investment from china is under consideration. also under consideration here are visa restrictions for travelers coming in from china to the united states that's all in response to ambassador light higheser's so-called section 301 investigation of chinese trade practices. this would be the united states positions there as a retaliation in effect for action has the china have taken toer the years. but under consideration i can report here at the white house

are tariffs, investment restrictions and potential visa restrictions for travelers coming in from china this is not a done deal at this inpoint. we are waiting on the official rollout of the specifics and details that underpin this reporting. but it is clearly that this white house is going in a very much more protectionist direction. just over the past week or so we saw the anounment of tariffs on steel and aluminum now we are seeing this also this morning we are seeing the action that the u.s. government took on sieve yas blocking the merger of broadcom and qualcomm all of this is really about china, auto i'm told, concerns that china is getting the upper hand over the united states on trade. it's something the president campaigned on and this white house feels very much it's delivering on the campaign promise of resetting the trade balance with china >> ayman jabbers from the white house. it has been a bit of march

madness at the white house the beginnings of what come think could be a trade war, then gary cohn resigning last week and secretary of state rex tillerson resigning this morning. stocks sell off late in the day. the dow ending down 171. nasdaq snapping a seven day winning streak with tech and financials the worst performing sectors. is the d.c. chaos catching up with stocks? is this the chance to buy? i want to start off with technology guy because ayman was telling bus the tariffs. should we be worried >> yeah. president trump may be 100% correct maybe the playing field hasn't been level for the last decades, and maybe these thing need to be done to level the playing field i'm not trying to get political here but with that said that's not market bullish to think there are no repercussion is foolish. in the long term, i don't know we don't focus on that in the short-term, given the reversal we saw, given the

broadcom/qualcomm headlines that's significant i think the aura of protectionism is right in front of us. to me in the short-term it's not particularly bullish. >> i agree i'm concerned about it this administration has had chaos from week one. we have got to be used to chaos, used to personnel changes. it happens all the time. but this seems to be at a higher level, and i'm very concerned about this trade policy. i think the chance for unintended consequence is so high, there is so much risk there. i'm concerned this is the most concerned i've been in a while and i think we are just one hot inflation number away from a very significant market selloff. that was the underpinning for the rison friday, the decent number today, right? but if we get anything and then we start to get -- you know, we start to get 3% or higher on the ten-year and then concerns about the deficit and how do we fund it all that concerns me i'm worried. >> the market spoke. the dow is down 170.

almost down 200 at one point today. the market clearly doesn't like chaos. and think about this part of the underpinning for this mark has been you know what, there is going to be m and a. this is time in the cycle that you get that the broadcom and qualcomm cycle puts that into question. if you are a ceo saying how do i spend this currency, this stock that i have that's now at all time highs you have to question where it's going to go it sty fells growth. the market doesn't like that even if you don't believe in that, the market doesn't like uncertainty. this isn't helpful for anybody and underneath the surface the market hasn't been that healthy anyway. >> it doesn't need to be this way. with the economic backdrop we have we don't need the chaos coming from washington usually it comes from wall street or silicon valley or main street that's the thing that's disappointing. also, when you talk about personnel shifts, people were talking about gary cohn and powell saving the country.

they were successful corporate executives at some biggest firms in this country. her going to be going back telling the real story we are not going to see them on 60 minutes any time soon but their stories are going to deep out through corporate america. think about the ceo of broadcom who was brought to the white house november 2nd he said he is going to accelerate their move back to the u.s. they are going to be invest in america. >> redom siling not just moving. >> he had the wool pulled over his eyes, rug pulled out from under him. 'not certain america is open for business anymore in this environment. it seems like there is no consistency in the message and let me tell you, larry kudlow, i know you watch "fast money" all the time i hope you have a message for the president, it doesn't need to be this way. >> if larry could carry that message to the president things could be different he didn't believe in any of the tariffs that the president proposed. >> i believe he carries that message: if he hears him and someone else tells him

something else a few minutes later, that seems to be problematic. >> i think the point is that, right, that this notion of the voices of the globalists in the white house have been dimmed w. the departure of cohn, the departure of tillerson and the nationalists the protectionists in the white house, their voices have grown what does it mean in terms this latest headline about $60 billion in ta i haves on tech? >> you have to believe ludlow is going to go in with some understanding that his voice won't be heard which i think would be market positive some of the moves in the steel side, down grades not withstanding are based on the fact kudlow will be joining the administration at some point the vix, giventhe selloff we have seen in the last weeks in my opinion be should have been up more percentage today, up 10 to 15% just my opinion.

>> i agree i bought a lot of putsed to. i think one thin that could make a difference trump has lived and died by the stock market's performance if these policies start to have a negative effect on stock market performance that i think would be the loudest voice. >> do you believe in a trump put? >> do i believe -- >> yeah, do you believe in a president trump put. >> the problem is he also has the ability to turn on the stock market and say this is fantastic news for america and wall street doesn't like this news and he can turn on it. he can change the story to how it works i -- again, i agree with you this is not great. i was surprised the dollar wasn't lower today, though. >> haven't we seen the impact of the trump put in the markets. mean, he threatens tariffs and there is all sorts of carve out. the market sells off and then the market rises again. >> this morning when the president was asked about kudlow, he said larry has come around to my way of thinking that it is more of a negotiating tactic i think that's a big part of what's going on here too i would be shocked if the nationalists in the white house

don't know anything about the economy. have you read anything about peter navarra -- >> at the same time, broader speaking, with this uncertainty in the markets w the possible looming trade war, with potential fed missteps, et cetera, et cetera, what are the seccors you should feel safe in? ertd thouically, yesterday we would have said technology was a good sector to be in it's up 11% this year and today it sold off hard. >> health care you are looking for outperformance i think health care. seemingly the cross hairs are off health care for the foreseeable future fur looking for a place to hide out that could give you upward mobility i think it comes in the form of health care. >> what do you think about the top performing sectors. >> it wasn't just tech today, it was financials that sold off the leaders in the market. >> i don't believe there is a sector in the market that's going to be untouched by this. if you think about it this way, if you run a health care place right next to the caterpillar

plant you are going to have a problem, whether it is in the u.s. and that's your only business i don't buy that one about it. i don't think there is a safe sector to be in this again i'm surprised gold wasn't higher and the dollar wasn't lower given the chaos. think about the mechanics of it. if you are no longer selling overseas a lot of people need your dollar. >> one stock that could bounce is amazon. it is neat going to have too much of an affect by a trade war whatsoever this stock was down 15% from its all-time highs in january. and end it ended up 30% from its february lows. something is going on with this name the universal bullish presence in this name is astounsing when you have a stock like this up 35% on the year, $780 billion or $70 billion in market cap it's telling you i think everyone is getting to one side of the boat on this one. maybe for at love these reasons

that they feel it's not exposed to this sort of situation. >> let's bring in rebecca patterson. $70 billion in assets under her management great to see you >> great to be here. >> i'm going to kick to you the question we have been tossing around on theesque the is there a trump put you see all the threats, all the tariffs, et cetera the president though is a stock market president at the end of the day. will he be there to hole thing about. >> i don't think we can count on that but i think we have seen a pattern where we get huge headlines or tweets and then the reality tends to be walked back. i'm hoping that's the same with this news this afternoon $0 billion in tariffs wasn't enough give me a bigger number. where is the cost benefit analysis behind that where is the research behind that i hope there is some so give me 60. he seay says 60 ahead of a special election tonight in pennsylvania maybe a few days later there is negotiation behind the scenes and magically it's down to 20. it is coming we know this next section of

tariffs is coming. it's section 301 from the trade act. they started the investigation last august. 'basically done. it is a matter of when it's rolled ow. the problem is it's significantly bigger in terms of potential economic impact than steel and aluminum if it happens and it's not scaled back and we have repercussions i agree with everything that's been said on the desk here. right now the economic data is great. but this is a risk that if it becomes a gull blown reality is going to change the economic backdrop we all have to be on our toes stay invested but watch out for that risk to become reality. >> what happens when the risk nears or becomes reality what do you do to your portfolio. >> i think if we get into a bigger trade war -- keep in mind this is not the '80s or '90s trade wars this is trade 2.0, where the retaliation is incredibly targeted to political districts. i mean you think about going harley davidson in paul ryan's district or burr bore, mitch mcconnell's state.

they know exactly what they are doing. they are going to do as much economic and political damage as they can if this occurs it is a dachenner on growth and sentiment but it pushes upward prices on inflation, which is really a shame. after all this fiscal stimulus, we have driven up the debt and deficit and not going to enjoy that there is a risk. if it's, it's strag flags aary. i think equities have a relatively better role today in a portfolio. weak cycle, slightly weaker dollar inflation isrise raising pompeo in charge of state department, more risk ares, are he willtively speaking that's what the nation has to look at, especially after the weekend's opec meeting. >> you are wanting to preserve wealth. >> and grow it.

>> preserve and grow >> we were i don't have weight the u.s. we reduced that last year. we have a tilt to the u.s. interestingly, despite all the noise and all the headlines the outperformance by the u.s. this year versus most i don't have seas markets is interesting to me our i don't have weight to the u.s. hurt us last year it's helping us quite a bit this year we aren't overweight the dollar hymn in a material way we have neutralized that with a variety of option forward strategies golder because we think that the fiscal situation, the widening current account deficit and the great points made earlier on foreign capital, will it want to come here, given the uncertainties? we think the bias of risk has shifted for the dollar it's he going to be range bound but slightly weaker. >> you made a career in the currency world how dead rimental is this to the u.s. dollar. at what point does the dollar hurt the stogt and not help it. >> that's a great question

thank you, currencies are my baby in the last six rate tightening cycles in the u.s., the dollar went up three times and down three times. higher interest rates here alone don't guarantee a stronger dollar at the end of the day it's about trade and capital flows. u.s. is doing better current account deficit is widening that's a negative for the dollar because companies have to sell dollars to buy the foreign goods we all buy at the store or on amaz amazon that's negative for the dollar then you need enough net capital coming into the u.s. to offset it we are putting that at risk are. whether it's chinese or german reserve money coming into the u.s. last year i had negative yields at home. sure i'll take ten year tress res. this year my yield in germany and japan are looking better why do i want this, a weaker dollar and all the risk that's coming with this i think there is capital flow risk that's materially bigger this year than in the past i think the risks have shifted you are right, at a certain point -- it's like oil, oil

coming down in 14, 15, 16, great for the consumer, but at a certain point it started hurting stocks the dollar isn't a drag on stocks now but if it gains any momentum and this lasts for a while people might start factoring that in to inflation so that could end up hurting us. >> thank you rebecca >> good to be here. >> dan nathan, what would you be looking to do based on rebecca said. >> i think she talked about outperformance here in the u.s i think we know where that comes from it comes from about half a dozen large tech names half of those are really going to be at the target i believe of any sort of trade war if it happens with china to me, i continue to kind of look to sell the qqq, that's the nasdaq 100 i think you are going to get your most bang for your buck there. even fur looking from a hedging standpoint and i remain short the s&p 500 i don't like the fact it couldn't make a new high specific the fact that technology, specifically the nasdaq just blew out. >> you bought protection today.

>> i was bidding for more. at the end of the day it was cheap more expensive than in the beginning of the day i'm surprised that the vix wasn't higher than it closed >> on an initiation from one of the bigger houses, many different companies initiated. but stock we have talked about for the last few weeks, macy's quietly had a huge move to the up side. flirting with $30 here despite the tape that we have all voiced concerns about, i think macy's goes higher from here you >> want something in this market that's protection from the political chaos. you buy gold if you don't like bitcoin. if you like bitcoin, you don't buy gold. >> tech stocks were crushed today. roger mcnamee joins us. plus, jim cramer, the midge madman sat town with twitter's

cfo. after you hear what he said you may want to buy the stock. also -- >> you are watching "fast money. we are live at new york city's times square much more show right after this. alerts -- wouldn't you like one from the market >> announcer: this cnbc program is sponsored by fidelity investments. you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today.

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not the other way around. welcome back to "fast money. time for a little buzz kill. ge getting slammed today down nearly 4.5% of a jp morgan slashed the year end price target from 14 to 11 the firm warns the shrinking free cash flow could put the dividend yield at risk the company also slashing bonuses. this is the third time this year jp morgan cut its price target. >> similar to what cowen said six months ago they wloerd their price target to 1 jp morgan said the bull case is predicated on unrealistic expectations free cash flow goes from $1 to.50. there is probably some truth to that in the meantime, given the

backdrop and no earnings growth and given a valuation that's still rich, yeah, there is a good chance the stock reaches 14 and maybe tests at a $11 value >> jim is long ge. i talked to him on "power lunch.." >> power. >> about ge in particular, he said he held it because of the sum of the parts the assets are worth something doesn't matter if free cash flow goes to zero doesn't matter, there is still value in the stock your value person. >> the liabilities are huge. a move from 14 to 11, given how levered it is is not that big of a move on enterprise value if you really believe in that story, to take a while for that to playity out i would about out of the money options because on the other side, things start to go the right way even out of the monies will do nicely if things turn. >> there is another trade that makes sense. if you actually had a notion of the floor you would sell

downside put when you are selling a put if a stock were to go below that strike that's where you would own that stock out of the money. and you could do a risk reversal, where you sell that put and then you have leverage to a upside move. >> would you do that would you say at 11 -- >> personally, i actually answered this question to somebody today i think you have to wait for a capitulation when you thought 19 to 15 was capitulation it's gone lower. it's going to go lower than this there is going a blood letting event. >> you have to wait until warren buffet buys. he is going to get a better deal than you $11. it's going to look like the world is falling apart you are going to wake up and warren buffett bought it you can ride along with it because he is a long term player even though he got a better deal, wait for warren. >> still ahead, teflon tech, no more some of the biggest names getting crushed in the market sell off there could be more pain ahead

to one of our market traders you are watching cnbc. in the meantime, here's what else is coming up on fast. >> big tech is tanking and tech legend roger mcnamee says there is one name in particular that looks vulnerable he will be here. plus, he told you about bitcoin. he told about ripple now bk has a new cc on his ray dampl he will tell you what it is when "fast money" returns h is pulled out from the water, it's a race against time. and keeping it in the right conditions is the best way to get that fish to your plate safely. (dane chauvel) sometimes the product arrives, and the cold chain has been interrupted, and we need to be able to identify where in the cold chain that occurred. (tom villa) we took our world class network, and we developed devices to track environmental conditions. this device allows people to understand

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welcome back to "fast money. brutal day for big tech as the president blocked the broadcom qualcomm deal tending is sector into the red bob pisani has the dater latest. >> as goes tech, so goes the

market we saw it today. in the middle of the day, semiconductor stocks began weakening and the rest of the market followed suit big names, applied material, i links and nvidia all slid. the semiconductor index down 1.5% what does it mean with two weeks left in the quarter investors are eyeing technology stocks as it becomes clear that the market leadership tech and semiis very stretched. the s&p is up 3% technology is up 10% three times the gain of the s&p. it attracted enormous amounts of short-term momentum money that will be requestic to pile and quick to pile out. particularly when you get to the end of the quarter in recent weeks gains have gone parabolic. cry kron is up 26% even intel is up 5%. much outperforming the markets

it's not just semiconductors, which are up 14% as a group for the quarter. anything associated with social media. anything associated with clout computing or cyber security has also risen in the mid teens just in the last several weeks. stocks that are this overbought are susceptible to sudden bouts of profit taking which is what happened in all those sectors. in the past when tech has led to the downside it hasn't lasted very long. that's the good news as long as the backdrop of growth and earnings remain strong particularly in the tech group it seems to me like a healthy bout of profit taking. bottom line, i am a not worried yet. i would note today s&p 500 technology hit 26% of the market cap of the entire s&p 500. think about it one fourth of the s&p is one sector back to you. >> bob, thank you. bob is worried with the context, guy, of uncertainty here is tech the top performing sector the most likely place where people will

take profits first >> we saw it today without question micron looked like it was going to 70 today. closed below 60. the first place they will take profits is in stocks that make moves. the broadcom deal is scary m and a was a huge catalyst. if you take that off the table that's one leg that's out. >> profit taking amid market uncertainty plus a d.c. problem that the market might have right now. >> the m and a and everything. that feeds into dc i said nvidia was going to break out. i believe that was my final trade. it looks like it's doing a false breakout i would say take today's low and use that as your stop if you played that breakout of nvidia. >> let's bring in roger mcnamee. he is the cofounder of elevation founders roger, lots of news in

technology taking a look at what has begun on for tech. the broadcom/qualcomm deal gets blocked. late in the day there are reports that the president could seek $60 billion in tariffs on tech and imports from china. >> it has uncertainty problem. we haven't adjusted as the market investors to the rise in nationalism as it is applied to trade. right? we have been a globalist economy for so long, and tech has been such a huge beneficiary of globalism that if we are going to pull back from that in any way at all tech is going to have to adjust. i don't think anyone really knows exactly how that's gag to shake out or what the impact is going to be. but tech is going to feel it as hard as anybody of the we import so much stuff from china we sell globally all that requires trade routes to be open and minimal tariffs

and markets accessible we now have uncertainty about that for the first time in what 20 years i think it is a good reason for investors to be asking the question how long is my time horizon? we are ten years into this tremendous bull market tech has been a leader practically the whole time you know, as bob said, we are up to 26% of the s&p 500. and a bunch of these stocks are up on a spike. if we were to see some kind of retrenchment in the short run that would be not only no shock, i will be careful what you buy, if you want to buy things on a pullback i like apple a lot but i would be cautious about almost everything else. >> it's karen. let me ask you asking. silicon valley doesn't have a great relationship with the president. do you think there is any shot at all of them appealing to him in a way that gives them some protection >> i have no earthly idea. i wouldn't even know what question to ask in order to get a favorable own on that i think tech's really big problem today depends on the category you are in.

i think the social media companies have a big problem with regulation in europe. they have a new general data protection regulation coming on in mid may that is slowly but steadily going to force the social media companies into a separate business model in europe from what they have in the u.s. and that will exert some costs on those guys. i think the social media guys have huge pr pressure in the u.s. because of the impact that facebook in particular not only had on our election but as you saw with the united nations today coming out and saying that facebook in fact has been enabling friends of the government of myanmar to basically persecute the rohingya minority and those types of things, those companies can't survive without the trust of their users facebook in particular is hurting itself there when i look at the semis that's purely a global trade play you have to believe there will be free flow of smart phones and personal computers around the world. i don't feel as confident about that today as i day say three months ago

i'm not sure how to play that. i just want to be more conservative about it. >> roger, it's dan back to facebook for a second. you mentioned the issues with our election they had a problem suppressing fake news in 2016 but it seems by all indications zuckerberg really wants to get into china and help them sensor real news what does that say about facebook at this stage of their growth >> i would say that facebook has a tin ear. i think there is a very obvious set of issues that they need to deal with here and now and they need to put their dreams of china in a box for a while and assess exactly what is their relationship going to be with the country they live in what is their relationship going to be to western europe, the rest of non-china asia because they have problems in each of those geographies. the problems go right after end user trust i think the management of facebook right now is committing malpractice. as a shareholder i'm terrified

by what they are doing i mean, they aren't listening. and you have the head of advertising doing that tweet suggesting hey, the russians weren't really trying to elect trump. all they were trying to do is blow up america. like somehow that was an okay thing for facebook to enable them to do and i look at this and i go, guys stop looking at china, stop looking at the future. look at the here and now help us prevent interference in 2018 i don't actually believe mark is sincere about what he has said year to date and i really do think they need to get with the program. because this is really hurting their brand globally >> he may have to put dreams in a box regarding china if this trade war blows up roger. >> amen. >> thank you roger. >> melissa you are the best. thanks guys we will see you later. >> thanks roger, roger mack namie. i don't think the tech gods liked what he was saying because the background went to black from blue skies to black boom

>> makes you wonder. >> does. >> what he just said they are committing mal -- he didn't just throw that word out. he chose that word carefully my concern for facebook has been pretty much exactly that it hasn't manifested itself in the share price for some time, maybe until recently i think the downside risk outweigh the gains in fb right now. >> with regarding semiconductors it depends on a global trade free flow of hardware. >> they have been the cyclical indicator. instead of buying utx you buy the semis. again, these are global trades we get a stronger dollar, that's not going to be good for tech. they sell globally i completely agree the other thing he said that was interesting is the thing about trust. we entrusted our data with a lot of these companies, with amazon, with google, with facebook and it's centralized and i think they have a centralization problem where we have said hey we trust you with all this stuff and they haven't

reciprocated. >> where are you going with this, bk >> you want to decentralize trust? i have got product for you. >> all right well, office trade remembers betting on more pain for big tech dan what are you seeing? >> this was an interesting day especially on a day when the nasdaq -- the xlk is what i want to talk about, the technology sector broke out to new highs. it was up 11.5% on the year. way outperforming most of its peers mere etf was trading at 70. there was a bish of 5,000 of the april 9, 63 put spreads. paid 87 cents for that that breaks town to 6813 max gains up to 513 down to 16 look at the chart there. that was that break out this week look where this put spread gives protection to this trader. from 68.13 down to 63 that's basically the range if

you look at it from the selloff over the last month or so. to me that looks like very targeted protection after a failed break out. >> for more "options action," check out the pull show friday, 5:00 p.m. eastern time. still ahead what is the best performing social media stock this year? it's twitter jim cramer spoke to the cfo. and daen's fast pitch. he says there is a stock up so% this year and it's about to take up he will tell bus the stock and the trade. much more "fast money" after this >> announcer: "options action" is sponsored by think or spim by tex d ameritrade i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education improve your skills.to help you boom! that's lesson one. education to take your trading to the next level.

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welcome back to "fast money. time for an instant replay back in january, dan stepped up to the plate to pitch broadcom >> i think this stock, 2 of 2, is a good buy here they are going to report in late february maybe get some resolution about the m sp a i don't think the m and a matters. i think it goes up one way or another. >> since that call, shares of broadcom have gone, pretty much nowhere. what do you do with this stock now, dan >> given the news over the last couple of days it was a murky situation that got murkier in the last couple of days. with the stock at 261 right here, i think you put it to the

side there is other ways to play the semiconductor space. but also because of the outperformance i think you want to wait a little bit this is one, moving out of brot come it's getting complicated for my likings. >> you have a chance for redemption >> do i really auto you done need redemption from flat. >> i guess that's true >> away from something that's newsy and sexy and something that has to chance to be transformative this year let's talk about target. there has been enthusiasm with u.s. consumers and how they are going to spend their tax savings, if there is any for u.s. consumers but target seems to be a situation that really it's about what they are doing with their own investment plan. so first things first. i'm going to give you three reasons why i think it makes sense to look at this name the stock is down 5% from its earnings last week that's bullish when you think

about walmart sold off 20% disappointing on margins target had some of the same news but investors took it better this stock is up 50% from its 52 week lows made last summer but it's down 20% from its all time highs in 2015 this is the catalyst here. on the call last week the ceo said they are accelerating their 7 pld three year investment plan if this company starts to see benefits from that i think you see a stock moving back above 80 and back towards the pryer highs over the next six month or so. and lastly, this is a cheap stock, especially to the market and to pure walmart. trading at 13.5 times expected eps. versus walmart, almost 18 times, 12% expected growth. three things valuation, the resilience here, you could see a move into this stock if they start to show some positive benefits from the reel acceleration of that spending plan.

>> the wild card in target, gene munster said it as well, there is a chance perhaps that amazon acquires target. do you give that credence? does that weigh into your addition making here. >> i would be surprised if amazon were to bibuy them. but i think the barbell approach between the on line and off line is something that is likely going to stick with retail for some time here theseguys are making the prope investments in digital they wrapped up that spend they are starting to do same day deliver ary for groceries, two day free shipping. all the things to compete with amazon if investors get a sense that mother-in-laws can move back up once they grow under digital pie. their sales grew quarter over quarter. that's how they are going to be competing with amazon, not being bought by amazon. >> dan, bk we talked about walmart in the past some are critical of what they have done on their digital side. i'm curious why you think target will be able to accomplish this

and walmart wasn't. >> walmart paid money for jet.com. to me, what target is doing is more organic and they are investing in logistics rather than in the on line sales that is equivalent of jet.com i like their plan better. >> no more questions time the vote. we kick it off with did chairwoman. >> you tricked me. i have a buy you had me at valuation. dan. i always like that and i believe they are serious about reenergizing their business i like it. >> guy. >> dan is on pointed it comes down to valuation if you like walmart at their current valuation you have got to like target. >> bk. >> i think dan is spot on. see what i did that's a hinking you buy target he is absolutely right. >> a home run at least here on the desk for you out there does dan's pitch for target have you pressing the buy button.

cast your vote and we will reveal results at the end of the show. there is a big fork coming for one of the largest ccs, now y.uld be your best chance to bu according to brian kelly he will tell us the name and the trade right after this fees? what did you have in mind? i don't know. $4.95 per trade? uhhh. and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab.

welcome back to "fast money. there is a big catalyst coming for one hot cryptocurrency that could send it soaring. bk is at the plasma to break elt down take it away. >> let's talk about moneyero what is it it's what's known as a privacy current see. all the transactions on it are completely untraceable you can't see one way or the other how much people are transacting. you can trust that the transaction happened but you can see the amount now, you might say, well, that's only for nefarious things but some people out there they buy fluffy ponies on line and don't want anybody to know about it. moneyero completely untraceable privacy currency it's 11th largest cryptocurrency out there. a lot of transactions going on useful it has a $4 billion market cap what test catalyst we are talking about a fork. let's look at what a hard fork is it's like a software upgrade if you were to upgrade microsoft

word that would be a hard fork the only difference is you wouldn't be able to use your old versions of microsoft word that's what's coming up with this that's generally a positive catalyst for a currency. the new funks are going to attract new users. in moneyero's case they are going to upgrade it to fund off other attacks. again that make it stronger. let's look at what moneyero has done here's the chart it is a log chart. log charts work fairly well in this look at the trend line one, two, three, now here's the fourth one just because it's cryptocurrency doesn't mean risk management is off the table. what a great place to buy it right on this trend line you know where your stop is. if we're right, you get a moon arrow. see what i did with the moon. >> i wasn't expecting that moon arrow at the very end. >> nobody ever does. >> mathematically, what are you expecting from this? what kind of bump do you think you can get from this fork

>> from -- you can probably get probably a 30, 40% easily from this i mean when the news of the fork initially came out you saw this big run up here. we saw another run up here it would not surprise me to see, this thing probably north of 400 or 5000 on this news. >> it seems this year volatility in the crypto space has centered around regulation. are coins for moneyero, this privacy element, are they at risk on the regulations that might be coming out. >> might be more at risk or more valuable compared to somebody who wants an alternative financial system, moneyero might be something that can get around that depends on what you are doing. >> thank you for that crypto class. brian at the plasma. coming up, you will never believe what twitter's cfo just

cold jim cramer. stick arnold we have got all the details coming up next. plus is dan's pitch for target a bull's eye or did he miss the mark? it's looking good for toni braxton tonight but there is time to vote tonight head to our twitter poll and weigh in much more right after this ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. most people come to la with big dreams... we came with big appetites. with expedia one click gives you access to discounts

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welcome back to "fast money. we have got a sneak peek for you now. twitter's cfo ned siegel on mitt romney tonight here's what he told jim kramer >> we are much more clear now on what we are and what we aren't and we invest in china to help people find out what is happening in the world and help them be a part of the conversation before we tried to do too many things with too many priorities you end up executing less well on all of them we are a smaller team than we were a couple years ago but we are much more focussed and we've executed a lot bouter. >> the turnaround plan does seem to be working. twitter is up a whopping 40% this year. snap is up 20% facebook nearly flat, up 3% s. twitter your best social stock guy? >> despite the fact it doubled since the 17 handle it hassa had a huge monday. you go back to the fourth quarter, revenueswere

fantastic. rpu were good i thought. it's never been about monthly average users. i think people have gotten away from that. i can understand why you want to take profits if you have been in it i still think this is further up side >> this has come under jack dorsey there was skepticism about his ability to run both square and twitter. he has been at forefront of the change we have seen. i give him credit. they are doing the right thing i'm not certain at 35 this up 42% on the year you have to step in and buy but there is an obvious spot in the next month or two if we have a downdraft like we had in february, if it fills in that gap that's where you buy. >> are you worried about facebook >> am i worried? i would rather own facebook than twitter. they have momentum, which is good but the valuation already puts in a fair amount of momentum for a while. so speaking from my book i'm long facebook, not twitter

>> for me it's twitter i'm much more with dan where i'm going to watch this in this environment. when it's time to buy that dip, and there will be that time, you want to go with twitter. i has the price momentum that you want in this type of market. >> all right you can catch james cramer's interview with twitter's cfo as well as the applied materials krrks ceo tonight on mitt romney it begins at the top of the hour. all right, still time to vot out there. are you buying dan's pitch on target head to twitter ghrit now at cbs "fast money. we will reveal the results right after this break

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do you ever to target and here the mu sack playing in the isles? you know what i'm talking about, right. it kind of sound like this ♪ unbreak my heart. >> toni braxton's unbrek my heart. america is not buying dan's pitch for target at this point >> they didn't even load up the winner song. i want to be clear about that. they knew how this was going to go >> i think you are dipping your toe in target here. >> that's your final >> that's my final. >> bk? >> i don't disagree since i said he was spot on but i think you go with the other jock darcy name, square. you can buy it right here. >> chair woman.

>> defensive stocks in this market, citi, reducing rising rates, good for citi bank. >> guy. >> dan would have pitched kmokt and puppy dogs and he would have lost. >> america apple pie and he would have lost. >> they hate me. i'm 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 coming to you from the beating heart of american invention and innovation, coming fro