question about have we determined where the fan blade separated and was this as a result of previous manufacturing defect or something like that. i believe that's the long and the short of your question so the fan blade, it separated in two places. it separated at the hub. so as i mentioned last night, we've got a hub and then 24 fan blades are going into this hub so there's a fatigue fracture where this number 13 fan blade would come into that hub so that we do have evidence of the fatigue fracture let's say a fan blade is that long it also -- >> you've been listening to the ntsb update on the emergency landing involving a southwest flight yesterday it left one fatality right now what we flow is that the ntsb is interviewing southwest pilots involved in

that emergency landing as anything else develops, we'll bring that straight to you we want to kick off fast money it starts right now from the nasdaq market site overlooking new york city's time square. i'm melissa lee. tonight, crypto looks like it is staging a comeback some of the biggest coins lead the rally. the man that ones one of the large effort hedge funds says bitcoin is flashing a big buy sign we'll explain what that is later, faed week, we partner up with one of the largest pot companies to see where he is seeing the biggest growth opportunities in the industry. first, there are major market leaders getting back in the saddle once again. check out the moves this week to the likes of amazon, boeing, caterpillar, alphabet all shooting back one vefrpgance so are the stocks heading back to the highs and if the leaders take charge again, is the rest of the market

back in the saddle again guy? >> i think amazon is i think the rest of the market is fine. if you look at the s&p 500, we talked about it a number of time 2580 held a couple times. it sets up like february 2016, so do think the market is grinding from here amazon though, the only reason amazon went lower in my opinion is some of the is stuff out of e trump administration jeff bezos said word one nothing since then they report april 26th i would submit they're going to report a ridiculous quarter and that ridiculous quarter is going to manifest itself in operating margins north of 3%. i think the stock takes out that 16, 18 level whi 1618 level >> they may do that and they may not. when you think about that week, i think it's going to be important. i think the only way there market can get back up to the prior highs is if you do having gao will, microsoft, amazon which all report next week throw-in tell in there they're going to really need to blow it out. they'll have to have a very different reaction to the bank

stocks that we've seen over last week and a half. they're going to have to follow-through i just want to make one really important point. we will that selloff from january 26th the market went down 10, 11, 12%. we had amazon go back and make new highs. we had facebook make new highs >> and j.p. morgan >> the leaders went back and made new highs you know what didn't make a new high the s&p 500. to me, we could be in a massive trading range. all those stocks that you had up there that were prior market leaders all of 2007, they may go back to the highs. >> just the price action that we've seen today and the usx, ual and netflix give you hope that stock will react to the reports they put up? >> yes outside of the banks themselves, and obviously -- if you ask me, i think the banks reported absolute lyn credible quarters the reaction hasn't been there then they get in the regular market and everybody wants to sell them off. if you go across the board and look at a netflix and you look at a cisco and oracle and microsoft, i think these are

names going forward whether we start getting to the tech side of things, we will see some huge moves from the stocks. i think we'll see some of the new highs because they still trade when you look at their earnings and the strengthst earnings and the revenues that i think they're going to pupt, these are companies that still trade very inexpensively because of that, i think there's plenty of move >> i'm not sure i agree with that so which of the groups >> microsoft is going to go to $110 >> all right i think microsoft -- >> intel is going to go $60. >> i think the airlines are cheap. i agree with what you're saying, i look at the names we posted up there. i think boeing is expensive. i think caterpillar is expensive. i think they're really expensive in a 3% tenure not a big deal the most important thing for the markets has been a growth scare is a lot more damaging than an inflation scare. i think we had some growth scare whether it is trade wars or whether it was -- i don't believe. that i'm saying the market was concerned about it >> you isolated the industrial names that i would total agree with you i'm not talking about those names. the names i threw out there are more tech names.

some are absolutely ridiculous i think when you come to boeing, people are saying look at the cash they're having people look at different areas because of the fact that pes are at levels that we've never seen before. >> i think people rightly say $24 a share in cash flow in 2019 for boeing is great. i think we may be saying the same thing what is coming out here, i think, is that the globe is in a better place we've seen a slightly better dat yachlt we've seen interest rates go better around the world we have taken trade off the table. i think dan thinks it's a headline away. he may be right. what i'm saying is stocks that were expensive are now expensive. i think that's been proven and i think the s&p 500 while it got through 2700, the jury is still out. >> maybe we don't want the leadership of the old leadership >> maybe >> like a boeing or caterpillar. the stocks that seem to just soar to new highs. >> tim makes a fair point. boeing is parabolic from i want to say late fall to earlier this year >> it was a tech stock >> it was trading like a tech stock. >> in terms of valuation, boeing

was for expensive a few months ago. it was trading close to 30 times forward earnings that is guidance now it trade closer to 21 times. i think it got higher again. that 21 times might look more like 19 times. and we're talking about boeing being at decent value stock. >> i think you get to talk about tech and talk about valuation. we have to talk about what some things are telling us. there are major bifurcation right now in technology. you mention oracle oracle has a massive gap from the last quarter earnings whether they guided down >> you're saying you think pete is wrong >> maybe >> but on that one thing ibm was down 8% today. juniper was down 25% th -- down 5%. lamb research, they make equipment to make semiconductors they missed the first quarterly deliveries since q-3 of 2013 today. they had commentary on the then flash market, okay

sems g s semiconductors got hit today you know what didn't lamb research and amat usually these are -- >> amat is a similar trade it does plof in a different way. >> these are two stocks that traded five times. >> very inexpensive. you have o to start paying attention if you're a technology investor if you're not, you're being lazy do we reach new highs or do we reach prior highs on the s&p 500, pete, with the same leadership or new leadership >> i think the same leadership with the addition of energy. i think what you're going to see is the financials as much as they've underperformed post earnings, i think those are names that will chop a little high iras they go. i think also if you go to the technology space, there is plenty of room to the upside there. i think energy could be the rotational piece that pushes this thing >> i don't energy is just too small >> and so to me, the only answer is tmt which is almost more than

30% tech, media, telecom >> let me take a different angle on that. >> and then you take -- >> i would argue again, i don't want to speak for pete i think energy is rallying >> pete is here, you know. pete with speak for himself. >> he's a big boy. >> bottom line, what i'm saying is commodities, crb, 2 1/2 year highs to day energy, how about all the people that came on the show said they would never see oil above $40 in their lifetime i'm checking in on their health. oil is doing really, really well commodities are doing really well i think actually the dynamic here is if anything the trade is telling us that people feel more confident. banks are the place you have to go >> lou about the numbers going back to the banks for one second how about morgan stanley and goldman sachs? there is something going on i think within the banks that actually does apply towards the kplod ti trade that makes this that much more interesting where i think if this stays the way it has, copper the way it's been moving around, obviously oil, you disagree

it seems like we're seeing this activity and flurry of volatility that helped the trading and capital markets am activity which may be late cycle. you talk about the rcb we're seeing the input costs go up at a time where interest rates, like you just said, we saw the ten year close at the highest level. all of this could be painting a very disgusting masterpiece. >> despite the fact -- >> disgusting masterpiece? >> go ahead. i know you got something >> you are the no major georgetown zblfr it was minor, wise guy you say there is something wrong with that. >> nothing wrong with it at all. >> fine arts >> renaissance man here. >> the steel sector had tail wind now for quite some time i would say for all tariff nonsense that happened a month or so ago, the fundamentals never changed. you hear the commentary and u.s. steel should be $44 stock.

the only reason it's not, in my opinion, you got some of that nonsense rhetoric three or four weeks ago. >> all right speaking of new highs on the markets, the energy sector trading 5% from the 52 week high the energy rally is just getting started. let's go off the charts with robert slimer. >> thank you very much so a the love interesting stuff happening from a technical standpoint we heard people talk about the high momentum stocks here we have oil putting in what looks to be a much longer term bottoming process developing making new sort of intraday highs. so there is interesting stuff. here's that big trading range that we went through last year and it broke out that's about a 35% range if you double that trading range, it just conveniently gets you back to the low 80 range which is where oil can go. even in this trading range that we've been in, that's another 15%. that gets you to that level as well oil looks pretty interesting

as we move through the broader market cycle into 18 and 19, i think we're in the later stages of the cycle tom lee pointed that out this is probably a much longer term investment opportunity. what we haven't had is that reltdive performance coming in yet. that takes time. that was a generation aloe think about what the financials did after 2008 and 2009 and what tech did off the 2002 lows it took an entire market cycle before they began to lead. oil stocks are starting to pick up here. obviously very heavyweighted to names like chevron and exxon there are stocks looking very interesting. i like the enp names fair enough. they're not market leadership. it is very tough to compete with amazon and net flicks and what not. when you look at this much longer term pattern, i think eog is on the verge of starmenting to break out

so within the enp space, it's interesting. lastly, let's look at the big stocks, big boys and here's chevron this takes you back to 1981. you don't often see that speshgtive but when we came into the 2016 lows here, we argued that chevron had pulled back to the long term trend. sure, tgz no tit's not leadersht for those with a three to five investment horizon, this is an interesting name coming out of that trading range relative strength in the down trend. but slowly starting to improve i think for investors with a long term investment horizon, the energy space is a very good place to be. >> should we invite rob to the december s desk >> yes we need him. >> no. >> ryan will bring in the chair. thank you, ryan. so you brought up the chart of crude for the energy sector. in terms of materials more broadly, i mean we've seen circumstance year highs in

aluminum is this part of a broader trend higher for commodities >> i think it is i'm not convinced it's sustainable leadership but when you look at the chemical stocks, many of those have had big pullbacks through january, february, march with the market most are bottoming so i think you have an opportunity to rotate into smmoe cyclical names it's a market of stocks. it's not only high momentum names. i think for investors there is a lot of opportunities here. >> you mentioned leadership. we were debating that on the desk energy can't, right? >> energy is not big enough. it's not you sort of need the financials to participate under a bit of pressure. when you step back and look at the banks and to your point, a lot of the names pulled back they're weak from a relative performance standpoint i think they're just pulling back to 200 day moving averages. i think they're breaking down. lots of opportunities there. >> but there is a reason why energy is rallying

i think everyone is obsessed with long rates. >> i look at break evens, a ten-year bond yield. i think the 3% level is a cap for months to come you had a big surge up the market the market got nervous as we pent into the february time frame. market had the volatility meltdown i think yields under that 3% are fine i don't think it's major concern. longer term, i think we have the secc sector lows in place >> i agree >> does the two year have a cap? >> i don't have an answer for you right here >> okay. all right. >> i think the fed is more in charge of the two year that's what's going on everyone is talking about an inverted yield curve but we're 42 bits right now which is total garbage for banks. people that are vilifying banks, banks are making a lot money, record money giving capital back. >> rob, thank you. >> thank you >> i was talking to jason over at barclay's today in power

lunch. he said that three quarters of the banks capital is tide to the two year and tied to the ten year so the rise in the two year should be very good for banks despite the massive reversal we saw in morgue an stanley from premarket to during the trading day. >> we were talking out of all the sectors left for earnings, banks are the most confusing for me i quite frankly, i thought j.p. morgan quote is great. the morgan stanley quote is outstanding. and pete mentioned goldman sachs. i can't speak to why the stocks didn't trade well. i thought they were all pretty good >> i j ust have to remind everybody, in 2007, crb index is ripping, oil was ripping, rates were stable above 5% everything was rosie banks, every bank stock was making new highs every day i'm not telling you it's over and we're going to crash i'm telling you it's the same thing i heard in '07 frankly, it's the same thing i heard in -- >> is that tie purple? >> it's a check. >> a tight check >> good looking tie. >> there is a lot of pattern going on over there. >> i have a lot going on over

there. >> coming up, steve wynn's ex-wife elaine wynn is the large effort shareholder of wynn resorts and gearing up for what looks like an epic board room battle we'll tell what you it means for the stock. and dan morehead says the cryptocurrency is flashing a rare buy sign. later, the ceo of goldman sachs speaking to willford frost we're live from times square in new york city. much more "fast money" right after th isbi agent] you're a br, mr. stevens. your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances.

no one thought much of itm at all.l people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and power our cars wouldn't that be cool? and that's why exxonmobil scientists think it's not small at all. energy lives here.

we have a news alert on amazon let's get to san francisco with the details. >> me list yachlt amazon ceo jeff bezos just released his latest annual shareholder letter we're going through it now one thing i want to flag right away is that he does say that 13 years post launch of prime we have exceeded 100 million paid prime members globally this is the first time that amazon has come out with an actual number for the number of prime members. this is on the high end. there are estimates anywhere between about 65 and 100 million. so we now have jeff base yoezosn there are 100 million paid prime members globally >> thank you the shareholder letter from jeff bezos. what do you make of this number?

>> a year and a half ago, it is 80 those are paid users so you can share the accounts. the most important point about this is that a prime user spends twice as much as a nonprime user on amazon. that's why this is such a big focus. i think it's great for transparency purposes they continue to kind of disclose the numbers. they didn't for a long time. it was a black box there is a great thing i think it's odd that it is disclosed a week before the earnings >> i was going to say thafrment mak that >> the first time we saw the top of the show. that's the first thing he said and in my opinion, that is sort of all goes well for earnings in a couple weeks, a week and a half >> amazon prime is, i think, the deaf nail for consumer staples that's exactly the consumable business is the business they're going right after after walmart and target after all these guys and amazon prime is how they do it >> all right see the stock up 1.8%. this is on top of today's 1.6% gain moving higher in the after hours.

three new board plebz as elaine wynn looks to shake things up. contessa brewer is on set with all the details. >> we just got there news after the bell the appointment of the board members brings the number of board members up to 11 women make up 40% of wynn's board. comes on the heels of a letter elaine wynn sent to the board of wynn resorts pushing to allow share hold irz to nominate a new slate of board members a company director herself, she was the largest shareholder after her ex-you husband sold all of his shares amid allegations of sexual harassment she's pushing the company to hold off on making any big decisions including whether to sell wynn boston harbor until new directors are elected. she said she won't be one of them she won't nominate herself she suggests the board dissolve itself or add more directors you see they're appointing them now to maximize value and restore the brand.

look, at the drip, drip, drip of news here wynn resorts settles the claims, counter claims against elaine elaine and steve settles their long standing disputes wynn resorts settled with universal. david katz says this all positions it perfectly for a sale although the process for new board and perspective changes additions to the management team could take time. but trophy quality of the company's assets suggests market value exceeds operating value. he maintains a $200 price target we saw today the stock was up about 1% to $192 and change. and the other thing is you've got the guys at wynn boston harbor saying that both betsy atkins and wendy webb have massachusetts ties as well how that factors into things we don't know >> who could be a buyer? >> there have been talks about mgm doing it they won't confirm that's the case we know that las vegas sands has the money to do it galaxy has already bought 5% of this company

could it invest more that might make a the love sense given the revenue importance in the mcyou could. and revenue, casino revenue is up in a big way. hold on a second i got to get the numbers right here you ready for this i was shocked by it. 64% growth 64% growth in just casino revenues and the earnings per share up 153% that's stunning. they get the majority of the revenue from mckalb. >> we were out there >> you are tight >> boom. >> you and the man >> we were we sat and talked with him >> you interviewed steve >> i did don't look now by the way, but wynn is 5% or so off the all time high. very stealth rally to the upside off that $162 level. valuation to trade about what las vegas sands trades mccarron traffic for march was up 4%. was up 2.5% the prior quarter. there is no reason why this the stock shouldn't be north of $200 in my opinion. >> you delivered a gift whether that stock got hit as hard as it

did. the overreaction to steve wynn issue. the fact that it got sold out. everybody said well you know, steve wynn, we're going to lose him. >> you can't call it an overreaction >> i do. >> i think was a natural response. >> here's a guy in -- how old is steve wynn >> i don't know. >> old enough to know he was likely stepping down not too many years from now. he has all the pieces in place all the way through 2022 so i think because of all those reasons, that was an overreaction because this is a company that is kicking -- they're literally -- >> let me ask you this you took out a takeout premium, where would the stock be if mgm said we're not interested whatsoever in buying wynn, where would the stock trade? >> $200. >> it would be 5% off the highs? >> i don't think so. i don't think the takeout ream yum is in there. >> it traded cheap before. i don't know why it trade at a premium. look, i'm not saying the stock should be weaker i agree they're kicking it >> killing it.

>> and i just think that the reason why the stock went to $165,ees toy say today, the fact of the matter is in this environment, in this environment there is a lot of things that could happen to this company and still could. now i'm not saying that's going to -- i think we have seen a lot of clarity at $165 jumping in, i'm not sure how smart that was >> contessa, thank you >> sleaze be she's been out there a few tinlz and interviewed the new guy. >> yes >> mr. maddox. >> goldman sachs ceo going on the record with our own wilford frost. we'll bring you ahead of the comments of all wall street talking today. you're watching "fast money. here's what else is coming up on "fast. >> i'd pass on grass all the time ♪ puff the magic dragon >> well, maybe you shouldn't because pot stocks are showing signs of heating up. we'll hear from the ceo of the biggest pot companies araura

cannabis >> and it's one small step for man. one giant leap for man kind. >> man ain't the only thing going to the moon. a billion dollar hedge fund manager says bitcoin is flashing a rare buy sign. that could mean a moon boom is coming he'll tell us what that is when "fast money" returns ity, and actually be more diverse. as investment management professionals, let's measure up. cfa institute. but as it grew bigger and bigger,ness. it took a whole lot more. that's why i switched to the spark cash card from capital one. with it, i earn unlimited 2% cash back on everything i buy. everything. and that 2% cash back adds up to thousands of dollars each year... so i can keep growing my business in big leaps!

what's in your wallet?

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 t the crypto craze is back in full swing. we're breaking down the rally. hi, bob. >> hello you know, it's not just ripple and light coin we did that yesterday. even the smaller alt coins are moving recently. bitcoin cash, stellar, neo, you don't know them? you should they all had significant intraday moves up today. bitcoin cash was up 15%. stellar is up 12%. neoup 6% this is just today but since bottoming, these smaller coins have outperformed

the bigger guys. bitcoin cash is up 45% since it bottomed april 6th a few weeks ago along with a slew of other cryptocurrencies neo, aanothnother alt coin thatp 59% since bottoming. stellar is another coin hit by the crypto crush it's up 82% from the bottom as well finally, cardano that bottomed sooner than the rest it doubled in price since that date now that's the good news but as we discuss yesterday, these are all long, long way from the highs they hit in december and january and i know this makes your head spin stellar is down 63% from the high c cardano, 80% this is just as bad as the drop in the bigger names. so there is no real distinguish between the big and the small guys when it comes to who got hit. and when you're dealing with these micro alt coins, it's good to remember that you're not dealing with a lot of liquidity.

it is $15 billion today. that is only 5% of the roughly $300 billion in market cap of the entire cryptocurrency market melissa, it's very important to point that out for liquidity purposes >> absolutely. thank you, bob the rally in alt coins, our next guest says that bitcoin is flashing a rare buy sign hinting at a huge rally ahead. dan morehead is the ceo of pan tara capital welcome back to the show what you are seeing in the charts what are you seeing that makes you think the worst is over? >> so bitcoin is growing at 165% per year for six years that we've been in business and something growing that fast hardly ever gets down below the 200-day moving average whether it does, it's a good time to buy. it did five years ago. we launched our first fund and it just crossed that earlier in

april. >> what makes this different from another asset where you might say, you know, crossing below the 200-day moving average is a bad thing >> yeah. so they use technical traders and they use the different averages to decide whether to get in it's amazing that about it coin goes up so quickly they just get back to the average. that means it's time to buy again. because it's been a vertical line for eight years >> dan, congratulations on being ab institutional investor doing, you know, alternative assets and emerging markets long before you stumbled on to this you stumbled very, very early. you didn't just jump on this train. what is holding back other institutions that are suited to opine on this you've been running this business for a long time. >> there's been a lot of credentialization milestones the biggest one recently is the cme and cbo doing futures. that helps bring in other investors. i think the last big one is sec regulated custodian. so when we launched the first fund, we had all the standard things you'd have a normal hedge fund you don't yet have a regulated

custodian. i think that the last piece. and some firms have announced that they will do crypto custody within the next 12 months. i think that will be a very big moment >> i'm sure, you know, when bitcoin was going to the heights, there were a lot of funds that actually started up not very good time to start in a way because they had to ride the crash lower. you were fortunate you've been in business for a long time. your return, i think, over time is what 25,000 percent over your lifetime value of your fund was cut in half or so >> yes >> since the beginning >> yes, it correlated with the markets. >> so what are you seeing in terms of the industry overall? has there been a shakeout in your space in terms of the funds that had opened up more recently >> it's so new there is only a handful of funds that have been around for more than a year. and so you read that there is 200 hedge funds now. i haven't met 200 different managers i don't know if that exists. i imagine there is a big shakeout with the funds that most are along only funds.

that's very common we have a long-short fund so we can weather down drafts and, in fact, the up over the last four months when bitcoin got killed >> right so how are you positioning your civil right now? i mean you obviously were talking about the chart in bitcoin specifically but in the other coins, bitcoin cash, ripple, i mine, where do you see that going how are you, you know, where you are putting your money >> in december when the markets were going vertical, we did raise some cash. so that if they crashed we could be full lyn vested we're now full lyn vested. i think this is a rare opportunity to get into something 65% below the highs. you don't get that opportunity very often and we dynamically >> back in december, right before the top in bitcoin, i heard you on cnbc, you said one thing that is really attract bif digital assets is how they're

not correlated to traditional investment assets. since then, they have been correlated you think about the runup. i know jeffrey from double line said watch bitcoin he's going to tell where you stocks are going to go that's been the case since december how do you feel about that now >> yes there was a very coincident drop in the equity markets and bitcoin. but statistically, it never got above 0.2 correlation between stocks and bitcoin and it's really true that bitcoin is a half a trillion dollar market that nobody owns so when they have to selleck wits to hedge risks, they don't have any bitcoin to sell and that's onest advantages. >> dan, we're going to leave it there. great to see you dan morehead of pantera. >> well, it's interesting to hear about the 200 day for a lot of people to believe that an asset class like this like bitcoin can respect major technicals, it absolutely has. you bring up a great point though it traded through and didn't look like it was holding

a lot of people thought, and i think dan you -- am i wrong? we could maybe test 5,000 again? >> listen, i think that was a really nice bounce it held there. if you look at the long chart since january, if you just look at the technicals, it's at a crucial spot if it fails and we have more concern about regulation in that sort of thing, it's going back to the november level where it broke out from and it went from $5,000 to $10,000 to $20,000 like it overshot to the good side, it could do it begin >> are you uncomfortable with it >> if you're buying an asset like this, you know, we've talked about it. everybody, the best crypto investors saying to people, our viewers, you shouldn't have more than 5% of your investable assets in it if that's the case, if you buy here at $8,000, you better be prepared to buy at $6500 and then at $5,000 it's that sort of thing. look at the way it's been moving over the last year and a half. >> if we put up that chart again, we hit what it was.

we play this game a lot. >> you put up the chart and block it out >> and guy gets confused every time what you would say the direction of the line would be higher >> we talk about this. we played this game a week and a half ago they were trading 6500 bounce. you said if you took the thing off the top and look at this chart, it looks like it made a bottoming formation and should be headed higher dan says we're at critical levels, not unlike what we're in the s&p 500. s&p 500 held where it should have bitcoin held where it should have they both want to go higher from here >> still ahead, goldman sachs ceo lloyd blankfine sitting down for an interview today making candid remarks about the market we'll bring you those comments plus, it's weed week here on cnbc, fast money specifically. that may explain all the giggling and fast food we're speaking with the ceo of aurora cannabis next i think there are some ways to help keep you on track. and closer to home.

edward jones grew to a trillion dollars in assets under care, by thinking about your goals as much as you do. show of hands. let's get started. who wants customizable options chains? ones that make it fast and easy to analyze and take action?

how about some of the lowest options fees? are you raising your hand? good then it's time for power e*trade the platform, price and service that gives you the edge you need. alright one quick game of rock, paper, scissors. 1, 2, 3, go. e*trade. the original place to invest online.

welcome back to "fast money. lloyd blankfine speaking out earlier today. for more, let's get to wilford frost who sat down with the ceo. >> yes, indeed we flow that yesterday, of course, goldman sachs reported

an earnings beat that was in part because trading bounces back which was largely because of higher volatility and i asked blankfine whether he felt that volatility could continue for the rest of the year >> conditions where interest rates are zero, yield curves are flat there is no risk premium central banks all around the world are buying all the risky assets and therefore put a damper on volatility and the opportunities to perform that's not a natural state we have not reversed all of that we're walking back and walking that too so the first indications of a withdrawal from what is an unnatural state. guess what, the market becomes more volatility. they get kpcompensated for the risked that they're taking we're doing better with them >> despite the earnings beat, the share price did fall that is largely because they were suspending their buy back for the quarter. here is blankfine addressing that part of the earnings.

one of the criticismses and unavoidable facts of last few years is the opportunity set is fairly low in our industry and so, you know, the rig thing to do but we were still earning a pretty good return and earning money. we were giving money back to our shareholders today we see opportunities to invest in our own businesses now. >> despite the talk yesterday that share price fell despite the earnings, if you look at the share price there over the last week, it's in fact higher by 0.4% which is worth, of course, taking note of guys >> thank you wolf. wilford frost with that exclusive. ubs said they were disappointed with the fifth number. you think with the increased volatility, it could be good they can see in february and march is gappy

that is not good for business. maybe we're not seeing the full transition yet >> think about the businesses now. it didn't used to be so big. morgan stanley is a asset manager. that is the core business. goldman sachs is not i think it is really critical. we were in an unnatural state and they're slowly walking it back how are we supposed to make money. not only the natural state but a state where they had targets on their backs. i think goldman sachs profitability will absolute lyn crease, commensurate with -- why you would bet against lloyd. unless you don't like what lloyd is investing in? they're absolutely going down. do you want goefldman sachs to look like morgue an stanley. in my quarter, it was close to $1757. last quarter, 181.

we're seeing rises in book value. what is the right multiple against that 186 i think it's between 107 and 108. do that math i can do it in my head watch this $335 a share >> why isn't lloyd doing it in his head and buying back the stock? >> maybe lloyd sees better investmentes for the capital >> any investment he uses the capital, the return is years out, you know? the game is right now, you buy the shares back. you buy the share count, higher eps. you know the drill >> it's bull >> see, dividends and buy backs, they're buying back 12% of capital. that is bullish to me. >> we were crucifying companies for sitting on catch >> there is nothing better to do >> they did see this huge trade. that is big. you look at the numbers they put up that is outstanding. and they also got the investment and lending. all that is growth that's what you need and goldman

sachs has it i agree with you i think the multiples should put it towards $300. >> but no giddyap. >> full giddyap. >> okay. full giddyap >> still ahead, the pot stock is back we'll talk to the ceo of aurora, one of the biggest hitters in the space and why the group is about to get even hotter plus, retail enemies, best buy and best buy are soaring today we'll explain when "fast money" returns.

welcome back to "fast money. welcome back to weed week. the cannabis craze continues to heat up. analysts estimate the marijuana market to hit $57 billion in sales by 2030. that's serious green take a look at the market caps in some industry leaders canopy growth, aurora cannabis is a billion dollar companies. check out this chart aurora up more than 200% over the past year. let's welcome terry booth, the ceo of aurora cannabis which secured a deal to build the world's most high-tech cannabis production if silt of its kind terry, welcome to "fast money. great to speak with you. >> thanks for having me. >> this new facility is called aurora sun what is that going to do in terms of helping you with the cost of production bringing that down and where will a lot of the production go?

>> the aurora sun space is mainly production and processing it's going to grow 150,000 kilograms per year and we expect to have it growing by this time next year and maybe even having the crop out next year it is an upgraded version of our aurora sky project the aurora sun project in madison, we chose that city because of its tremendous amount of sunshine. and it is a hybrid facility that is unparalleled in the world >> it is in madison hat, alberta. in terms of production, one analyst today which actually upgraded the stock from a hold rating said that it's going to be a total carve cover the of less than $1 a gram. where is it now? so we can understand how this brings down the costs. >> i think the industry average

is from close to $3 and the low sest $1.50 it positions us well on the go forward in this industry that you're seeing critical mass and you're seeing the larger companies buy the smaller ones and we go forward and you have to be a low cost producer. you have to make sure you grow high quality cannabis. >> the next fades of that question is production costs may go down. some of the costs for the underline product. you're leading the way how difficult will it be for other people to follow you how it truly is the and it in germany, italy, poland, denmark. it is american ugp those barriers to entry and you

have you've got a medical cannabis system that is going one country at a time. so we're able to take it like that it will be a lot of work to do is that they also cover the cost of cannabis. and the and we continue to export production in europe, there is very, very little. they're going to have production but it's five years out.

>> i think it's something that white house is going to get behind but the valuations back to the stocks are not cheap and there is a reason why they're not cheap. i think a lot of the guys have to invest in their future production which is what these guys are doing >> particularly in international markets. i was surprised at how much of a growth market yurp oourp was going to be. they just made aurora made an acquisition in germany to help it there and they are also applying for a production license in germany as well to grow there so things could be changing. we think of cannabis and we think of the industry in north america primarily. because we're here but there is one globally as well. >> 100%. i'm glad we're not playing the bond music it's a real story. >> what music? >> there it is >> thanks, guy we actually were having a serious conversation >> there is a meeting tomorrow when we go to the board over there with the mitt, what do we call that? fast pitch >> power pitch we talk about --

>> fast pitch. >> and that stock had a decent run. there are real stories in this space. and when you get by the bong water and everything, there is a very disruptive industry >> the ceo of gw pharma will be on power lunch tomorrow. our special weed week begins on fast with vivian azer tomorrow and friday with former massachusetts governor william weld who is now on the board of a pot company. coming up, roku tanking to day one trader just bet more than a million dollars the stock could soar from here we'll tell you what has them so bullish. we're live at the nasdaq market site in times square don't go anywhere. much more "fast" after this.

♪ directv now gives you more for your thing. your letting go thing. your sorry not sorry thing. your out with the old in with the new, onto bigger and better thing. get the live tv you love. no bulky hardware. no satellite. no annual contract. try directv now for $10/mo for 3 months. more for your thing. that's our thing. visit directvnow dot com

what do i want to be when i grow up? i want to be someone who ... makes the world beautiful ... and builds up my neighborhood. i want to be someone who helps others ... and teaches them new things. every year, comcast employees and their families come together on comcast cares day to give back. it's a celebration of their year-long commitment to their communities.

what do i want to be? i want to be someone who cares. welcome back to "fast money. amazon and best buy getting a boost because they will be selling exclusive smart tvs. are roku down 12%. one dealer made a one billion bet. >> the news wasn't great for roku, especially a day after it was up 10% on good news. i think it was up with netflix and good results and .72 took a big stake. down 12% on best buy-amazon news it's interesting call volume, two times that of the stock. the largest trade of the day was a buy of 3,000 of the june calls. those break even up at $37.85 on

june expiration. interestingly, that is not too far away from where the stock was just trading yesterday the company said they're going to report the third quarterly report is publicly traded company on may 9th maybe this trader is targeting that move. we have this nearly 18% gap on the second report. so when you look at a trade like this you look at a stock that has actually really high shortage of 50%, you know, one way to do it is define the risk, pick a direction you have a lot of leverage to the upside this thing is going to move one way or another if the results are outside the bounds >> all right thank you for that for more options action, check out the owsh at 5:30 p.m up next, "final trade. (indistinguishable muttering) that was awful. why are you so good at this?

had a coach in high school. really helped me up my game. 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 curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade.

you knowwe were talking about energy earlier in the show i love the energy. devon energy >> tim >> again, cannabis week, there is all about the medical side. gw pharma, they have a lot going on >> dan >> yeah, so i think there is politics in this sector. seller >> what is particularly salty tonight. flo, i can tell. >> he is the same salty, same salt as every other night. >> he has a purple tie on which

is very inviting and friendly. >> goldman sachs initiated free port in march with a $23 price target >> take it, pete >> giddyap. >> $19 and change. i' 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 save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. >> what's a sure fire way to send your stock higher even at