decelerating sales growth, an exstens spencive stock that is come back into the zone. it's holding up okay after hours. modest losses. >> down 8.5% after its numbers volatile. >> attached to crypto. a lot of things attached to night that does it for "closing bell." "fast money" begins rate now. >> "fast money" starts right now live from the nasdaq market site overlooking new york city's times square i'm melissa lee traders, pete najarian, tim seymour, daan daan, and guy adami. what is wrong with down? the cryptocurrency hovering around $8,000. what are the biggest bitcoin investors doing? they are hanging out in puerto rico we will head there and talk to our crypto baller brian kelly. "mad money" with jim cramer's jim cramer sat down with the ceo of intel which company could he be buying you will not believe what he just cold cramer jim will be here shortly

first, the news that sent the markets soaring. >> we come in peace here the thing everybody on wreaths wall street need to understand is relax if you look at the negotiating posture this country, all of these countries that are uj running huge trade surpluses with us have no incentive to rock that boat >> that was peter navarro the director of trade for the white house tempering fears about a potential trade war. the dow climbing 250 points at the highs of the day but the indes closed clear ultimately ending up just overible triple digits has this market done from buy the dip market to a sell the rip one guys. >> the last four days, absolutely i thought listen the dow closed higher today 100 and some points but the s&p is what i watch. for the last four days, we have had big moves to the upside followed by markets that closed effectively on the lows of the day. we have seen it now four days. i think that's a trend i would say yes. the only caveat is the vix,

frankly, and pete can speak to this, should have been higher today and banks traded well. some cross currents. but in terms of the broader market, i think in the short-term sell the rip mode. >> the vix could have been higher but look where the s&p actually traded today. we need a 1% move for a is vix we are above that. the vix is showing you there is a fear factor in there because it's higher than it should be given the moves out of the s&p i think when we are eeg is sell the rips that makes sense to me because there are valuations across the area of the markets that it seems inflated so you want to take something off i agree with that i'm more on the sell the rips than i am on buying the dips right now. but i think the reality is we are still in the rotation of almost daily, and today materials, energy, they were out. but all of a sudden you look at mcdonald's and unh, some of the names were skyrocketing to the up side. not just the boeings of the world anymore. there are other names leading at least in the dow. >> for any part of our portfolio

that's tactical, there is no reason you are supposed to be buying the dips. think about all the uncertainty out there. it's not fed it's not interest rates of the its a not washington it's not trade wars. et cetera a not valuations it's all of them after a massive move in stock. when i look at what the dollar did ina tre day that's enough to hurt stocks. the dixie around 11:00 around the time these numbers went through went from having a difficult time getting through the 50 day to now maybe lookif we have a dollar rally here that's supportive to some companies but i think it is a tail wind, a tail win for markets, especially markets that have shifted to some concern about growth i don't think you need to do anything aggressive. i have been frustrated as a trader by some of the things that failed to break out above the 50 emerging markets for example, every time it looks like intraday we are getting a break out it has pulled back >> most investors are not buying the dip. that has been what has worked for a long time. >> what's going on, the economic

backdrop is good there are a lot of fundamentals in the markets that feel good. peter navarro made no sense. what did he say. he said all the trading partners with these surpluses don't want to rock the body what are you talking about that's all we want to do is rock the boat with those surpluses. the president speaks all the time about this. they brought in larry kudlow who is opposed to rocking the boat and causing trade wars now he has taken that important role but he is not going to push back or he will have the same fate as cohn what i'm saying, he says we come in peace yet everything they are doing and saying is the opposite. >> peter navarrnavarro, this ise most important economist in the world out ofa central bank economist whether we like it or not. so we are listening. and the reality is i think a lot of comments on trade wars have been for bluster and a lot of comments maybe have been misinterpreted when a guy comes on today and says we don't mean war that's

constructive ultimately, you have kudlow, who has basically said i don't want to pick on my friends, i want to pick on my enemies in terms of trade problems i think we need to wait and see how we deal with this witness on one. we know there are reasons why china has has been a bein his bonnet for a long time he at one point was totally against reagan's protectionist approach this is a guy that's been in the government or at least representing views for the government for a long time eflts a democrat he ran as a democrat multiple times. to paint them in an corey, i don't like how he handled a lot of this but i was relieved by how some of that was handled today. >> if the united states has been taken advantage of unfairerly or illegally in some cases then you know what, good for president trump for sticking up for us now, with that said, i don't think it's particularly market friendly i think everybody sort of understands that but if it is true that there have not been fair trade

agreements, somebody -- you have got to give him credit at a certain point for putting america's best interests first >> there have been agreements that are not very good they are definitely not favorable for us i think and taking advantage for us is it a negotiation tech tack? that seems like everything trump does. >> it was favorable for boeing if we are going to be free markets. larry kudlow, every day for the last ten years on this network he talked about it if that's his stance and then he is going to go to the white house and just do what the president says -- >> we don't know that that's the case. >> what we know about larry is this and jim cramer talked about this yesterday. he said look we might have disagreements but at the end of it it's all going to be done with class and he will be supportive of the president. but he is going to come after the president. he will come after him i honestly believe that. he has been someone who has been working with president trump before he became president trump. >> would you rather -- >> oh, would you rather.

>> here's a non-stock would you rather would you rather have larry kudlow be appointed the head of the nec or peter navarro duplicate. >> that's what i think larry is. >> you think he is a due pliity cat of navarro. >> i think he has more influence outside the white house than he does after taking the job. >> interesting. >> he was a part of president trump wasn't president trump and leading into this, he was going back and forth with him on a daily bases. we talked with larry on a daily basis, did he agree with everything president trump said and did and everything else? no. >> when you are in his white house you have to. he demands loyalty or you will get fired you. >> don't have to have a smile on your face and mr. to mr. trump. >> i'm curious, are you bullish or bearish. >> listen to peter navarro

it doesn't make sense what he is saying i am more bearish thatter auto going to hear more of this rhetoric from the lawn on the white house. >> i get your frustration. navarro's policy zigzag tlud time warps in the last 25 years. you know what matters, the market it matters for a company like boeing i bring that up because the reason why boeing is selling off, it was probably due to sell off. it was going on a one way ticket higher i'm not sure it wasn't something that was going to happen anyway. the best analysts on the street were upgrading boeing at the top and guys the who were cynical at 330 said it was going to 450 what is happening with boeing is emblem of a market that needed a reason to come back. >> you are looking for safeties out there there might be nowhere to hide. our next guest says it could be about to get worse chris verrone. you are looking at staples >> i think that's one of the big issues right now the last several days, bond

yields lower, you would expect they defensive groups to work. it hasn't been the case. what we brought with us are the staples here they have frankly been down and weak the last several days, even with yields lower. what i'm showing is the percentage of stocks down 20% from their high. you already have a fifth of the consumer staples sector in a bear market. the group acts weak internally when you look at some of the names, kimberly-clark, made its high in 2016 made a lower high in 2017. right back on the lows right now. 110, big level there woe don't think it holds we think it goes lower same thing for altria. same thing, peak in 2016 lower high in 2017 lower now. we don't think it holds. we think it has risk here. lastly, cl, another defensive stock. again, peaked a couple of years

ago, hasn't been able to make new highs. right back on the lows this is a group, despite all the risks out there, despite lower bond yields, it's still offering no safety here we think that's a problem. >> do you think chris comes over >> oh, yeah. >> he's got it i'm just -- you know >> we have got a lot to do here. >> i had to ask. >> lot to do here. >> you mentioned bond yields so the charts themselves of the stocks say they are not a good trade at this point in terms of staples overall and what they do in a rising interest rate environment is that another layer as to not be invested in the stocks. >> i think the staples and the rates tell us bond yields probably aren't going all that lower. what is interesting is when we argue those are dsive seccors a lot of that work is based on 35 year bull market bonds we haven't researched what happens when the rates go up what we did this morning, we looked at the consumer staples

groups, what they did in the 50s when bond yields rose. these were massive underperformers in the 1950s that's probably a decent analogue moving forward that the defensive groups aren't that defensive when yields go up. >> colgate, is there a catalyst -- in my world, i guess it's different, i look at a valuation that's rich compared to proctor and gamble. is there a catalyst that may move it higher >> do they make q-tips. >> no, i don't think they do they make toothpaste. >> i am not here right now one of the most important things we learn in this business as traders, when something doesn't go up as it should the story is changing bond yields under pressure the last two days. this is a stock that should work i think that's the cat list, price is heavy, the stock goes down and makes new relative lows it is a problem. >> let's go to the coca-colas of the world. a stock that was making ten year highs in the start of the year and then you have this drop like the most of the staples but this is a story that obviously should

fit in this sort of market what is wrong with some of the individual names that people want to own? are they part of the wrong group. >> coke, even when it was making new highs last year it wasn't making new relative highs, you weren't getting paid relative to that selltive to semior a bank it doesn't sound labor the most attractive tock stock to own here. >> what stocks do look defensive in this argument >> i think you could make an argument this has been the first corrective phase in two decades where bank has outperformed. that's a compete change in character for that group over the last 20 years. tech has been defensive, the fang storks, the semiconductors. that's a defensible group where an environment where the cost of capital is going up. >> thank you chris what did you do today tim. >> i trimmed some of the tactical stuff bass i didn't

like the headlines staples, walmart broke 200 today. it's clinging to life. but the reality is walmart is not amazon a lot of these staples companies are not growth companies p & g may have an activist in there but they have been on the bottom this last round of i think these are names you have to continue to say are going to get weak they haven't bounced. >> we have a news alert. let's go to kate rogers. >> this is in response to the whistle blower lawsuit filed against walmart by a former employee who says they were issuing misleading e-commerce results because they were competing with amazon. walmart says quote the litigation is based on allegations by a disgruntled former associate whofts let go as part of an overall restructuring. we take allegations like this serious and looked into them the investigation found nothing to suggest that the company acted improperly we intend to vigorously defend

the company against the claims that's walmart responding to the whil blower lawsuit back to you. >> if the market is considered the jury verdict on this, there was no reaction. an initial drop on the back of that news when it crossed and then basically a recovery. >> we were talking about walmart trading over $100 a share. i thought the valuation was ridiculo ridiculous target is a better name. >> where is their headquarters. >> minneapolis they are not comparable. even at these lower levels for walmart right now those levels of valuation are still in favor of target. >> would you rather, target over walmart. >> yourself. i was not in there i was not going there. >> just a graphic. >> you are not selling walmart on the back this whil blower they do $500 billion -- they did a billion and a half worth of revenue in day

this to me is small potatoes that being said, walmart is too expensive. >> coming up, check out shares of broadcom. volatile after hours the earns report conference call is underway. we will tell you what the ceo said about future deals. and intel is looking to make a large acquisition. broadcom could be the target jim cramer joins us to tell us what he said. and later, what's behind the bitcoin beatdown we will go to puerto rico are the top minds in kroip are gathering. and we will talk with brian kelly. much more fast right after this. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. say carl, we have a question about your brokerage fees.

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welcome back to "fast money. shares of alibaba topping the tape and jumping more than 3% after reports that the chinese internet retail company is planning for a duel take over in china. shares up 90% this the past year does the stock have more room to run? >> it does this isn't new news. although today's specific announcement for these guy is important of the it will probably happen seconds half of the year they announced their sales numbers for the first two months of the year. up 37%, the best numbers they have had in two years. it gets back to valuation, relative to amazon

which would you rather own i would rather own this name. >> i'm becoming obsolete >> i like alibaba. i'm with tim i would take that over amazon based on valuation but i would also say don't overlook jd. >> they are going to list locally. that's a driver for the adr. >> it's important to remember just like in america, there are other players. jd is growing sales and that's likely to continue forefive years. >> still ahead, bitcoin overstock is down nearly 10% following its earnings report. the details after thisbreak. i'm melissa lee. you are watching "fast money" on cnbc here's what is coming up next on fast. >> we installed the internet on our computer and i haven't been able to get the kids off ever

since. >> a number of internet stocks are hitting all-time highs we will give you the names. and what are some of the top bitcoin investors doing? getting wrecked in puerto rico at where else? a bitcoin conference we are live on the ground to nd out why they are still holding on for dear life when "fast money" returns. opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. i'm all ears. how did edward jones grow to a trillion dollars in assets under care? thanks. by thinking about your goals as much as you do.

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bloching they announced a joint venture based on blockchain technology back in december that was a for profit venture. the company said its blockchain enterprises are progressing nicely in september the company announced plans to launch t zero in a 10k they said in february the division of enforcement of the t zero and overstock is investigating them also asked for information from the dt ventures. including documents. they say it could result in a delay in the offering and may have an material negative impact on the overall brand they are ongoing on a sale of its e-commerce assets. the stock is down 10%. >> guy guy. >> it's never been a earnings story. overstock was a failing company. stock was trading in the 20s

they announced the t zero and the crypto thing crypto went crazy and the stock went north of 80 dh. if people believe t zero is the next coming -- >> what is that? >> it's their token. >> crypto. >> if that's the case this is a steal. if though there is an s.e.c. investigation that's going delay this thing for the foreseeable future then there is reason to believe it goes back to where it started. >> prebitcoin craze. >> prebitcoin craze. >> which is $16. >> woo boy. >> there is no reason to believe any of this vertebra with the investigation into their own offering and the regulatory issues to me it , if you want to buy cryptocurrencies, buy cryptocurrencies not overstock. >> so -- >> it is a horrific chart if you look at kind of a two year chart on it. it's not a chart that i would jump in on. >> from one bitcoin blowout to

another, crypto getting crushed this weekend as the junior currencies plunged double digit percentages. seema mody is at the bitcoin conference. >> reporter: one of the topic of discussion is what a rough week it has been for cryptocurrencies over $62 billion in market cap erased overnight folks say there are a couple different factors contributing to the decline first the regulatory fears of a crackdown after the senate's hearings around initial coin offerings and google's decision to ban cryptocurrency tiedments. it seems it is a setback for an industry still in its infancy and arguably needs outlets like google and facebook to get the word out. >> it's probably concern for the industry it's definitely concern for people that do a lot of public sale marketing we specifically avoid that we don't do public sale marketings because frankly the rule sets are not necessarily clear right now.

we are all about self regulatory movement watching industries in a part of a couple of different groups and we also have our own piece. >> i spoke to the head of block tower capital one of the larger funds. he says many cryptocurrency investigators were hoping for institutional money to pour in and continue providing tail winds. instead of a flood we have only been seeing a trickle. looking forward there is uncertainty about the up coming g-20 meeting where it's rumored the japanese finance minister will make statements around cryptocurrencies, specifically the role cryptocurrencies play in money laundering. in the meantime, bitcoin back up around $8,000. our coverage continues tomorrow and we will look at how puerto rico is looking to become a viable destination for blockchain >> seema mode audio from the blockchain unbound conference.

it's investigation the conversation about institution a.m. investors we were talking to gray scale. is it about to come you think? >> look, there is no question that institutions are first of all in this trade. and they are invested in a number of different ways, many ways in the bc side. some of them in the currencies or the tokens directly to me this is not a question of efficacy or proof of concept or anything this is about liquidity. about what is the right vehicle, this is about object lessens -- object so lessens before you become one-year-old. >> they are they are dip their toe this the water for institutions to go in they need regulation, guardrails in place. in a lot of ways at a crypto conference they have down there, they are worried because their assets are going lower the people investing in blockchain from a vc standpoint

are excited. >> for more, we bring in bk, brian kelly who is also in puerto rico. why? because he is a crypto baller himself and that's where they go. >> that's what you do when you are a crypto baller. >> what do you make of the ondoing collapse and have you added to any positions >> we added to bitcoin today the collapse is a combination of a couple of different thing. it starts, you were talking about the regulatory uncertainty. i haven't been a fan of that term but there is uncertainty now because the s.e.c. has sent out some subpoenas the question is what are they going to declare securities? that's unclear sometimes these tokens act as securities sometimes they don't sometimes they act as a currency until that's defined, a lot of stuff has stalled and a lot of capital is kind of on the sidelines waiting to see what is happening. that's why you see this grind down in bitcoin. >> i am going to ask you a

potentially stupid question. >> there are no stupid questions. >> why is it though the cryptocurrencies are trading down across the board kuwaiti equally on the fear of regulation when the regulation looks like it's coming in the ico part of the business >> that's actually not a stupid question, melissa. you are quite brilliant with your questions the reason why is a lot of these icos you need to buy the original cryptocurrency. the reason why ethereum ran up second quarter of last year, there were a lot of these icos to participate in the ico you need to buy ethereum or bitcoin. without that buying flow, that takes a huge amount of liquidity out of the market. >> so if we permanently see the flow of icos dampened because of increased regulation, then the past highs on these coins theoretically should not be attainable again, for a while at least. >> i actually think -- yeah. here's what i think is going to half here's what i'm seeing in the

marketplace. you are seeing a bifurcation you are going the see people invest in the pure currencies. bitcoin, litecoin, monero, bitcoin cash, any of those that are truly bure r pure currencies are going to get a lot of the attention. there will be a swath of the token that will move over to securities exchanges that are coming out, open financial network has one, as well i think you are going to see that bifurcation you could see a bunch of these tokens, we have 1,500 or so now. you might see that whittled down to 500 or so that are really liquid and investmentible. those will do quite well between then and now it's going to be rough. >> talk to me about the puerto rico thing all you go down to puerto rico is this a giant boondoggle does the government think puerto rico could be the next blockchain portal when it doesn't have power for a lot of

its residents. >> there is plenty of power here look at the energy behind me there are a couple of jurisdictions really eye vying for this and the government here in puerto rico is obviously looking for ways to attract businesses cryptocurrency is a new business there is plenty of electricity here remember, we are not doing mining here. you are simply setting up businesses here. i do think this is a viable place, as viable as switzerland, as singapore, as hong kong of that's what we are here to find out is how to do it in this environment. >> all right thanks, bk. >> it looks warm. >> adios. >> doesn't he? >> he might move for all i know. >> he is so lingual. >> lingual. >> i want to make one point from the set. when things got all crazy in late december and when people were trying to buy the dip in january what is important to remember is they massively misshot on the up side it's likely to do the same thing

on the downside. fur a i had treer, the thing you have to understand is bitcoin in particular was trading $2,000 a year ago i went up to $20,000. >> it's about managing your risk tim is doing a good job of putting it out there how much risk should be involved in a trade like that in your portfolio. very small amount. you have got that carrot out there. i feed into the blockchain and bitcoin and the rest of it ibm, i think there is technology companies out there. >> that's not a real blockchain play, is it pete. >> you are right it's indirect. they are going to be a bigger piece of this going forward. >> bk has said that as well, ibm. >> small percentage of revenues. >> last year there was $800 million in services, blockchain services, ibm captured about a third of it. i think that's why people are focused on it. when you think about the company or the revenue base, it doesn't move the needle but the opportunity is endless if this is something they focus on. >> ibm needs a catalyst.

they have done a dealing with america. they have a shipping designalized platform based off of blockchain technology and i think that's real. >> still to come, broadcom's conference call can underway what the ceo just said about the failed call come deal. the number of undercover web 2.0 stocks could be driving a rally. we have got the details. much more "fast money" after this oh no. schwab, again? index investing for that low? that's three times less than fidelity... ...and four times less than vanguard. what's next, no minimums? ...no minimums. schwab has lowered the cost of investing again. introducing the lowest cost index funds in the industry with no minimums. i bet they're calling about the schwab news. schwab. a modern approach to wealth management.

welcome back to "fast money. you may scoff at a lot of things millennials love. >> no. >> like avocados, yoga lattes whatever those are but there is one surging group of stocks that may have you banking on the millennial dream. dom chu. >> forever young was the theme from my senior prom. i wish i were a millennial millennial or not, if more folks are really using the next generation of web or mobile based service apps a number of companies could reap the rewards. think of them like web 2.0, this generation of web companies. meal ordering company, delivering company, grub hub it has a 50% gain thanks to a partnership with yum brands. iac, the parent company of match.com and angie home services up 35% year to date. shares of angie home services

themselves upper inially 50% online real estate listing site zillow is up north of 40%. and on line marketplace etsy gained around 37%. do these stocks represent a measure of risk appetite in the market in some cases these aren't ones that have a track record of profitable if they do in some cases they trade as a premium valuation compared to the rest of the market n. any event it hasn't changed the fact that holders of these web 270 stocks are making money. after blistering runs who will it take to keep the upside momentum intact? >> thank you dom dom chu. what do meese moves say about investor sentiment. >> poor society. >> what do you mean. >> iac. >> dating apps >> tinneder. okay cupid. >> what? >> i'm just asking the question. look, i think they say a lot about society. that's why they are going higher and that's why they are good buys

a $14 million market cap trading at 30 times earnings growing at least that fast i think it's going higher. >> what does etsy say about society, we desire hand crafted goods. >> it is the answered amazon for all intents and purposes that's not where you are going the sell sock punts and that, on amazon. >> remember the guy adami sock puppet they returned it. >> one name that dom left out that's important -- >> zillow. >> no. >> sorry >> i'm talking. >> square. they got the cash app, trade crypto and they also have caviar, a grub hub competitor. >> which is a head scratcher when it comes to square's portfolio of businesses. >> unless you watched last night's "fast money. >> imcramer did a story about it as well. >> this may central a reach for growth. >> it sure does. >> it does to me you like these names but they

are absolute lie flyers right now. because of that are you willing to pay premium right on on those names? >> are you >> i'm not not on any of these names. >> think of the volatility or whatever we have had in terms of a correction iac has been a rock after a massive move that to me tells me people believe that growth is sustainable. >> zillow, 50 times forward earnings but it probably grows about 50 so the valuation, as ridiculous as it may sound may be reasonable in the market we find ourselves. >> you know what else is ridiculous >> your shirt. >> my it shhh. folks at home -- it's more rang. i'm getting vertical. >> it's making people nauseous. >> it's probably causing small children to have seizures right now. >> i don't know why you did that. >> bearsing. >> still to come broadcom volatility in after hours actions.

cfo commenting on the blocked qualcomm deal. plus, if the broadcom/qualcomm deal falls through, intel is said to be considering a major acquisition. "mad money" with jim cramer's jim cramer spoke to the ceo of intel, and he will be here when we come back

let's build a better let's create jobs,ing. build bridges, insure prosperity. as investment management professionals, let's measure up. cfa institute. welcome back to "fast money. an earnings alert on broadcom. let's get to josh lip ton in san francisco for the details. >> the ceo began the call by

talking about the company's fundamentals wire infrastructure, that could include chips for networking equipment. $1.88 billion. that was up about 10% year over year, down squent sequentially wi-fi and blue tooth, saying he would expect a larger than typical seasonal decline in q 2. there was a lot of tension about what broadcom would say about qualcomm the cfo had choice words for qualcomm listen >> indeed, i have to say, we are touched by the iss report issued last night that continues to recommend the broadcom independent nominees and by our understanding that based on the vote tally as of today the 11 qualcomm nominees are only garnering between 15 to 16% of the outstanding shares. not necessarily something to

celebrate down in san diego. >> so mr. krause taking a shot there at qualcomm's leaders. melissa, the company saying it will continue to seek out potential m&a targets. one change, it says future m&a targets likely funded with cash available on the balance sheet guide here, $5 billion, plus or minus $75 million, in line with preannounced results gross margins, 66% back to you. >> josh lip ton and the notion of funding it by cash on the balance sheet. that would imply a smaller deal than the likes of the size of a qualcomm deal. >> the markets didn't hate so much the fact they were aggressively going after such a big deal i think they will like a smaller deal this is a stock trading below market level and all of its pierce -- peers. at 13.5 times i think it is a cheap stock.

>> what the cfo said about the qualcomm directors was interesting. sour grapes. but it also implies perhaps there isn't a lot of support for qualcomm's directors out there amongst shareholders what does that day say about how people view the company itself. >> sentiment on qualcomm is still not great. if you think about what they have had to endure they have had issues with apple and royalty issues this is not the directors fauld, i think qualcomm is massively undervalued. these two names look very interesting. so does intel. >> you have been giddy up on the chips. you pitched intel last night. did. i like broadcom. i disagree on qualcomm because i watched the company seem inept the last years and the stock has been showing of all that, the ineptitude of what's been going on broadcom, valuation, margins,

earnings growth, all of that and free cash flows and everything else that's going on in the company, all the levels that they are in with their chips, i think thiscompany is way undervalued and has plenty of upside. >> speaking of chips we have a cramer aletter jim cramer just spoke with the ceo of intel, brian kri zanic. welcome back to fast good to see you two days in a row. what was the headline out of the interview. >> multiple about how cheap the stock. i agree. it's ridiculous. the body language, the words if you buy broadcom because you think intel is going the buy it you are sorely mistaken. i think there may have been talks o whatever, but no, he is not going. he is too much to do with the mobile eye i think it's going to be prescient and brilliant. >> what do you think the next chip deal will be? will it involve intel? >> i don't think intel needs to do anything. i think the broadcom -- the idea of broadcom on top of mobile eye

is just rekick clouse. i think i like integrated device technologies and cypress i have them on regularly, they are cheap. i know they have had ups and downs, i think those are terrific companies to gobble up. >> you had cypress on a month or so ago i think in early february. why does the stock seem not to be able to get through the $19 level. i too think it's too cheap. >> what was intel doing in the mid 40s for so long? this group is tremendously valued sky works seems expensive to me. i don't know i mean, i come back to, yes, my dog, nvidia -- when nvidia doesn't go up, a lot of stocks don't go up. it is the one that people look to that one is stalled. cypress is too cheap more consolidation coming.

the qualcomm, broadcom i think put a chill on deals when the president -- he slapped a strong sell on qualcomm, the president. >> you are right, jim. good to see you, thank you >> thank you, guys. >> nvidia. >> the dog >> egg, all of it. >> huge "mad money" with jim cramer tonight. >> come on. >>er mo of that intel interview, plus the ceos of hewlett packard and clorox that starts at 6:00 p.m. eastern time big "mad money" with jim cramer. what did we do for intel jim said they don't need to do anything. >> i think you wave it in. intel is still very cheap. i think the enterprise and market is growing. i think they have been conservative they are not guys that get out there and grand stand. i think that's why the surprise in the stock it is an attractive valuation. >> it could be a easy tuck in deal for somebody if they were inclined i too think the stock is too cheap. >> for years, i have been saying this regular viewers are actually

listening to me. >> does that mean they usually don't. >> i think qualcomm would have been a great fit with intel. intel obviously missed the boat on wireless over the last decade to me, i don't know why that's not a potential deal, that intel would do these guys -- intel could help qualcomm a great deal with their relationship with apple. >> why chase it? the al terra deal was a great deal for them. more in the data center and enterprise center of their business >> you have data center, it, nirvana, mobile eye which fits in there for me, if there is a great deal to be had qualcomm has a great balance sheet. >> my advice to intel would be don't make the big deal. don't chase anything i didn't like the deal with qualcomm and broadcom anyway i think that's better off for broadcom going forward intel does not need to make a

massive deal. >> coming up, snap's disappearing act the stock sinkingback after another celebrity slams the social media company is the stock a no touch? the traders will weigh in live don't go i were in much more fast after this. your brain changes as you get older. but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. or you could you experience it for realnce at the lexus command performance sales event. lease the 2018 nx 300 for $339 a month for 36 months. experience amazing at your lexus dealer.

welcome back to "fast money. snap feeling the heat after super star rihanna blasted the social media company for posting a controversial ad let's get to julia boorstin in los angeles with the details

>> snap coming under fire for this ad. the ad asking would you rather slap rihanna or punch chris brown. rihanna posting a response on instagram criticizing snap chat for running the ad saying quote this isn't about my personal feelings because i don't have much of them but all the women, children and men who have been victims of domestic violence in the past and especially the ones who haven't made it out yet. you let us down. shame on you whole the whole anology away snap responding, quote, the advertisement is dig gusting and should never have appearedan our service. we are sorry we made the terrible mistake of allowing it through your review process. we are investigating how that happened so we can make sure it never happens again. snap shares falling 4% back to around the ipo price the advertiser of the game would you rather has faced criticism

in the past for asking questions about rape and now has been blocked from advertising on snap chat when snap opened its ad platform in february which automated the ad buying system further it issued guide lines, including prescribeding anything that is shocking, sensational or disrespectful. of course rihanna suspect the only celebrity to criticize the platform last month kylie jenner tweeted she doesn't open the app anymore. that day the stock closed down 6% back over to you. >> shares of snap now trading just above its ipo price of $17 a share. still up fatherly 18% year to date is today's move a warning for the stock or is snap's run coming to an end this particular problem is a problem for a lot of social media platforms in terms what have content, whether it be news or advertisements is going to be allowed. >> and endorse meant. >> who new kylie jenner could move a stock $6? some of us did

i think the guys have an enormous amount of competition in instagram and i don't think it's something they can overcome so i don't buy this. >> i think because of this, we are going do a would you rather. >> which is a game. >> it's going to twitter here's why trump. number one and competition. there is no competition for twitter right now. >> you would rather twitter over snap >> correct. >> i think today's move on that headline tells you how bad sentiment really is, despite that rally that the stock had offer earnings because this is not a platform that caters to celebrities. i know my kids are not pop stars or reality stars they don't like the redesign that's the issue among users but they said they are going to fix that this is how young companies grow they have situations like this to he moo, this is not on snap the fact the stock was down 4.5% to me seeps goofy. >> pgs tos traders saw something interesting in snap today. dan heads over to the plasma to

show us. >> interesting today we talked about the stock being near the ipo price of $17 from last march 1st when the company went public it's hoffing around there. call volume was 1.5 times average daily volume a lot of the activity was in the march weekly futures and calls that expire this week. it tells me there is a lot of short-term trading a turned $17 level. there was one strike that caught my eye, 3200 of the march weekly tomorrow expiration 17.5 puts were sold. again that's telling you there is a lot ofity trading around this point i think it is an interesting pivot point. we have this chart right here. look at this we go back to 17 this is a huge level this is what a gap from. it's support now i think you can trade this using a 16 dollar stop >> up next, final trade.

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time for the final trade pete >> i love technology sales force. >> item item. >> i love technology intel. >> dan, do you love technology >> i do. snap chat, i think you can play it long here with the 16 stop. >> i love burger king. whoers, no tomatoes. >> he hates tomatoes.

>> they don't agree with you >> i don't like a double whopper. >> the texture of the tomatoes he doesn't like. >> if you eat to many, what have you got to do? see a doctor where do you go? cigna. giddy up. 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 in the euro at one market i'm just trying to make you some money. my job, not just to entertain you, teach and coach you call m