brand as well. >> my month file is in that still. >> were you? >> yeah. in the screen shots. >> this is going to go nuts. >> i didn't realize. >> it's all about you. >> never about me. >> nike has been a big performer on the dow >> that does it nor the closing bell, fast money begins right now. it sure does fast money starts right now. we're overlooking new york's time square. our traders on the desk, tim seymour, brian kelly, kbrin grasso, guy adom my. >> it looks like wall street is turning its back on tesla. what is behind that move, we have all those details many plus it is the greatest bull market ever, this week, making it the longest run in history do you keep betting on the stocks that got us here? traders weigh-in

president trump taking on the federal reserve and its chair again. #. >> some criticism of the president coming from the fed chair. a couple key points here from the president, he says that he's not thrilled with jerome powell for raising interest rates the fed should be more accommodating. he says i should be getting more help from the federal reserve in terms of the economy, and says he will continue to criticize the fed if it continues raising rates. >> the president unshackling himself from the recent norm overthe last several decades, in which presidents did not criticize the fed. going back to a tradition 30, 40 years or more, the president

very critical of jerome powell frustrated with the raising of rates, and worried it might hurt the economic recovery which the president views as the agenda here at the white house. >> amman javers at the white house. will his tough rhetoric impact the fed's next move. if they start hiking are we in as much trouble as trump thinks opinion. >> first off, always great to have you on. >> i apologize >> i'm right here. i've been here the whole time. >> will it affect the federal reserve decision absolutely not there's no way it affects their decisions. the fed has been extraordinarily transparent. they will act to the extent data suggests they should act by the way, not to get too

political. president trump criticized the fed for the opposite reasons when he was candidate trump. this is a long term gain they should do what the data says >> that's the point. larry cuddler was on the air friday saying, they're crushing it i agree with you, there's very little chance the fed acts on this. >> how would you know? >> how would you know, though. >> wait a second, let me finish my sentence. powell would sooner quit than actually have monetary policy impacted by this >> here's the thing. to steve's point how do you ever know if there's a moment where it's questionable should they or shouldn't they? if they don't, you think, maybe

they listened to the president if they do -- wait, let me finish if they do raise rates many you think, maybe they're trying to tell the president something there's a whole layer of psychology that's been added to this >> no, i don't think so. our economy is so fragile, that five basis points is going to destroy the whole thing, we don't have around economy at all. >> there is some room to xi guest it and say maybe, just maybe. >> i don't know if we'll ever know the counter factual is a hard slippery slope. >> we know people are going to push on institutions, that aren't used to getting this push the fed has moved five times sinks he's been in office if they're moving, it's because the economy is in great places, if they're not moving, they should be thinking about the impact of tariffs and the impact on

inflation. we have inflation coming to the pipeline if you listen to every regional fed president. the numbers they're feeding through, we have inflation >> not out of control. >> we're at 10 year highs on cpi. >> here's the other thing i would take the side of the president on >> what are people most critical of the fed they're a step late and push us into recession, they us push us -- we're not even in a fed cycle right now. >> you got to a very interesting provocative place. is the president right ultimately they shouldn't be raising rates as aggressively. >> look at when we've raised it in the past, we raised it in the face of the financial collapse, whether it was green sfan. there's a lot of times the fed's been behind the eight ball

>> and then they try to make up for it >> at this point do they do too much in the face of an impending inverted yield >> isn't that a risk to the stock market >> it's a huge risk. i'm trying not to get political here, this is an administration that has said from day one, the stock market is a report card for how we are doing if the stock market were to go down, he's put into place where he can blame the federal reserve, wasn't my fault or this administration's fault. >> fine. it's -- my point is, that's giving him now air cover, that if the market were to go down, he'd zero blame. >> could interest rates go up too much and hurt this market? >> yes >>s. >> rates should be going up, and stock markets should not be skpafrnding their multiple -- the s&p multiples should not be

expanding -- i'm not saying yo shouldn't be buying stocks here. there are parts of the rotation process in the market we should be following the fed should absolutely be doing what they're doing let's be clear, they have two mandates, an inflation mandate and a groench mandate, right now, i think the growth mandate is doing just fine it's time to look at inflation it is what it is we've had a bit of a strong dollar, look what it's done to the emerging markets, if the dollar continues to strengthen that is the biggest risk the dollar is the new vicks for this market. >> the ten-year has been coming in, and the market is flirting with all time highs, when you silt here and say, they're doing what they should be doing, i agree, if the market's growing, rates should rise about # you can't always have exactly that scenario, people come on every day and talk about inverted yield curve. >> that doesn't control the phen

our. if it was nine months ago, we were concerned about a 3% tenure right now the market wants to see a 3% tenure. >> the unwind wants to see the kev. >> qe, that's done i mean, ultimately, we're getting to a place where the balance sheet is strengthen. you have tightening coming from both sides the tightening coming from the dollar is one of the big issues right now. the fed can impact the dollar implicitly, although, they will never talk about it. >> the dare was impacted by the president today. >> fascinating right? >> maybe other presidents have talked about it, maybe it's a time that everything is 24/7 >> really? >> dog with a bone what are you talking about

>> where did you spend time this past week? >> out east. >> in the hamptons. >> also where the president was. >> we were not together. >> you were not at the fund-raiser? >> no about. >> the fact of the matter is, he has let it be known, and he let it be known at that party -- i wasn't at that party either. >> he let it be known before he was elected. >> he was going after the fed again. it was surprising, but not >> a guest has joined us let's bring in jonathan gal. >> were you at that party? >> i was not >> who was at that party, who is he whispering too that he thinks is going to influence anything >> he's the president of the united states, he's the leader of the free world, j. powell's going to hear him. it's like telling a jury after the fact, if they do pause because the data gets a little

sloppy, or the curve starts to invert people are going to say, did the president cause it absolutely not, there's no way that the fed is going to let this influence them. >> are you worries, though, does the president put aside the fact -- does he have a point to be worried about the fed getting too aggressive. >> if they raise 4 or 5 more times from now, yeah but right now, interest rates are too low, this economy is doing incredibly well. >> the economy continues to perform you're still on board with -- you can raise rates until they're blue in the face at some point. >> there's a tipping point i think we're good, and i think your point is right, the long end of the curve is what matters to the markets when the 10-year hits, then you start taking a bite out, between now and then, it's a signal to everyone that things are healthy. this is good for retirees and saver s who have a little extra

yield. we've seen that the savings rate is up, giving people more money to spend isn't a bad thing >> what are you telling people to do right here >> this is really simple >> the u.s. regionally is the win. technology stocks are the win, and stocks are a win right now >> still, still, and still >> we've outperformed europe we're at a 2-3 deviation moment. wouldn't it be time to say, i think this is a little over done >> if you're looking at the price action, yes, if you're looking at fundamentals. if you take out all of the tax benefits we're growing at twice as fast as eps our economy is growing twice as fast and they have no technology sector pp. >> what kind of technology, are you talking about fang >> yeah.

i think that -- we'll call it new technology, if you look at technology broadly defined they'll be missing the addressable markets on these stocks are so big. look at the -- the sales of amazon compared to the sales of walmart, it's a third where is that going to be in five, ten years from now equal, twice as big? much bigger. you take alock at online advertising what's it going to be for five or seven years, how big is the cloud today compared to what it's going to be in five years. i think we're missing the story here, tech right now is 30% of the s&p, that's the story. >> this past week we saw walmart move sharply higher, all of retail still, amazon versus walmart, you say. >> the sales numbers are killing it on the side of amazon and

online the economy is so good, that the consumer is spending more money, that's the story there the long term story is a reallocation of how we spend. >> my quick question would be, everything's great, fine >> inflation eventually is going to bite us the economy doesn't run with a 3.9 unemployment rate with inflation eventually showing up. it's either the fed kills it or it squeezes profit margins you're already seeing them complaining. it's not an issue now, is it a year, a year and a half? at some points it's going to bite us, but it's not today. >> always good to have you on. jonathan joining us from credit suisse >> jonathan brought up an interesting point when he said, europe doesn't have a tech sector >> bottom line is, if you think about other parts of the global that have been beaten up, i kind of live in some of those places. you look at chinese tech or some

other parts of the emerging world, the same argument should be held we've rebounded significantly the last couple days >> s&p has to test those levels we saw in january. we're 30 or so away. getting back to the president. i think he's just setting himself up for air coverage. if in fact the market would go down, on top of which, we're talking about currency manipulators in some ways it's brill yabt he's bringing this up, in other ways, scary. coming up, the greatest bull run ever yes, it's official, do you keep betting on the stocks that got us here? or are there other names to buy? we have those details. it's looking more and more dire for elan musk, and with funding secured, still in doubt, can tesla go it alone? >> later, guy adami is stepping up to the plate. there's one energy stock that's up 150% in the past year, he thinks it has more room to run

he'll give us his fast pitch live from times square, new york city there's more fast money right after this at u.s. bank, we believe one small change can echo throughout an entire community. that's why we proudly support, invest and volunteer in communities like yours. because the changes we make today... can you hear me? ...shape the possibilities of tomorrow. u.s. bank the power of possible. you mighyour joints...ng for your heart... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life.

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we had it at 308, we're bringing them back to 195 the reason why, they talk about the fact that there's no deal that's locked in for potentially going private. saying any deal is potentially far from being proposed. they're saying, look, focus on the fundamentals and in jpmorgan's opinion the fundamentals should be valued at 195, city out with a note today talking about tesla, and in that note, city brought up the prospect of when will tesla potentially ask for more rounds of funding. another round of capital raise and would that be sooner rather than later, since this company will likely not be going private any time soon. all of this comes on a day when people continue asking, how much interest does saudi arabia have in potentially investing in tesla. that's because of a report by reuters where they essentially said look, we believe that the saudi investment fund according to the sources we talk with

reuters will be making an inv t investment in lucid. that's a report that's not been confirmed by anybody else. at the same time, the discussions with tesla are unclear and it has people saying, wait a second, would they invest in tesla as well as lucid? probably not >> when it comes to electric vehicles, tesla is not the only play in town there was the ipo filing or a filing for an ipo that came on friday from this company might be a little hard to see this video, that is an electric video by the chinese company, they are looking to raise $1.8 billion, they plan to have the ipo with the new york stock exchange they started sales in june, they don't have many vehicles sold. last year, they lost $759 million. but remember, guys, china is ground zero for when people -- the electric vehicle companies that's where they're targeting neo being a chinese based company, and the fact that they're looking to ipo on the

nyse, that's going to get a fair amount of competition. >> new competition at tesla's heels all the time i chuckled when you raised the question, are they going to have to do a capital raise. it seems to old fashioned to ask in the wake of the tweets. >> there's another report out this afternoon that says, as recently as the last six weeks, six weeks into this quarter, that the cash may be -- the cash russian might be down to 1.7 billion, 1.69 billion. that's going to fuel another round of questions where people will say, okay, how much money do they have can they squeak by this quarter? at some point if you're going to be adding these factories, michelle, you know, it's very capital intensive, you're going to have to do another round of raising capital. >> that's why people were so doubtful in the first place. phil lebeau. what do you think about the stock at this point? >> i think it's absurd

forget it, let's say this is off the table. jpmorgan did what they thought was the right thing on the way up they're unwinding that, good for them the way they price this company, which i think is splarts half of it is earnings based multiples. either way, stock's expensive. let's get back to valuation folks, the critical part means massive execution, and i think massive execution risks. great company, great products. bottom line here, the valuation makes zero sense >> you always want the ceo it's never been about competition, there's others that do it well, maybe doe it better than tesla, he was the first guy to make a cool vehicle that was conscious of the environment >> and people wanted to buy even -- >> regardless of valuation, and now his asset has become a viability. i've been in, i'm out, i sold it up 12%, thank you very much, my

chips are off the table. >> the only way that this company really does well, they bring in an operator, we talked about it last week you need to bring in a ceo bring in an operating ceo. someone who's from the auto industry, who can execute at scale. which we clearly can't do now. elon has too much on his plate but you need him there the reason you buy tesla is for his vision >> if he goes -- >> no, he needs to be there. here's something else the bulls hate herring the stock is largely sideways over the last four years, the other thing, risk reward, you have to play in volatility the stock has had four draw downs of 18% since january i mean, is this really a stock you want to play around in if you hold it, it's done nothing, if you trade, it could be very dangerous. >> he clearly no longer gets that the shine is definitely off at this point and investors aren't looking to put all their eggs in elon's basket any more.

it's not the -- >> i love playing the volatility, when tim talks about itbeing flat, there's opportunities. >> he treated them right >> guys hit the levels perfectly around that 280 level where the stock bounces. that's what happened today in the mid 280s >> when he put out that tweet, i thought for sure there was something behind it. i thought the stock was going to trade at 420 play that game, but if you just look at it today, in terms of the way the stock traded to phil's point, traded pretty well today it opened at 291 on decent volume that's not bad, steve mentioned the levels, levels continue to hold when you've been wrong for so long, over such a quick amount of time, have you to take a step back it probably held where it needed to hold. coming up, the biggest prize in esports history is up for grabs. $25 million.

you get a lot of money for playing video games. >> we're going to talk to the defending champs about how they plan to bring home the trophy in the second year in a row guys bringing the heat, pitching on oil and gas stock that's up 150% in one year and guy sees even more gain. he'll give you the pitch with stocks on the cusp of their longest bull market ever what youhod sulstill ride and what you should buck when fast money returns. great question. see, for a full service brokerage like ours, that's tough to do. schwab does it. next question. do you offer a satisfaction guarantee? a what now? a satisfaction guarantee. like schwab does. man: (scoffing) what are you teaching these kids? ask your broker if they offer award-winning full service and low costs, backed by a satisfaction guarantee. if you don't like their answer, ask again at schwab.

♪ it is such a good time to dance ♪ ♪ it is such a good time to [ laughing ] ♪ scoobidoo doobidoo ♪ scoobidoo doobidoo [ goose honking ] ♪ [ laughing ] a bad day on the road still beats a good one off it. ♪ progressive helps keep you out there. two more days until the current but market ranks as the longest in history marking more than a 300% gain in the s&p 500 over that time what got us here and where are we headed next hey, bob >> hello, michelle the current bull market began march 9, 2009.

the s&p 500 is up, as michelle said 300% since then some stocks have been mega performers with netflix and ulta beauty up 500% amazon up 3,000, and remember something, the s&p is a market cap weighted index, the companies that contributed to the biggest gain to the s&p 500 are first apple, no surprise there. one stock, followed by micro solve, followed by 2.4%. amazon is sixth at 1 prnt 4% for the gains. fertilizer giant mosaic, gold producer, numont they're still down since 2009.

what does all of this mean, what will it take to reverse gears and head into a bear market? for a bull market to end, the stock market would have to decline by 20% or more and recessions are the two big killers of bull markets. stocks will typically move well before a recession starts but todd mcclellan points out, the fed could kill a bull market when it gets too aggressive, what does that mean? typically it happens when the fed moves the fed funds target rate above the 2-year yield, currently 2.6% it looks like the fed has a little more room to move before they sound too aggressive. >> 2.6%, thank you cue the western music, because we thought this would be the perfect time for a bull

market rodeo here's how this is going to work i'm going to give you a stock, let's use amazon as an example if you think it's going higher, you say, keep riding and you'll hear and see this if you think it's going lower, say get thrown off and you'll hear and see that let's play grasso, let's kick it off with you on amazon. >> keep on riding or get thrown off? >> keep on riding. >> i've been consistent on this. >> there you go. >> i've been bullish on this, it dropped the last digit off of this, it's evening, retail cloud space, tech space. everything you want to be in it's the new tech. this is a marketplace and index unto itself. >> i agree with that, i have to push back and say, we get all that for the last three years, and it's been -- since the bull market -- >> that's the last 3,000%.

>> are amazon's best days behind them >> i don't think so. >> if you look at it, every sale has been a bad sale. to that point, though, if you get squeamish about valuation. i bought alibabba. >> you get a little squeamish too? >> yes that's the only thing. >> is that a chip on >> it's pierre cardin. just so we know. >> don't do that to pierre >> it's a nice tie >> you know besos can turn a profit whenever he wants >> he gets the pass that elon musk is no longer getting. he can invest in different companies. i would say you ride this one. right now, you keep on riding it, he's the one that's going to spur it on >> next up, tim?

nvidia or no >> get off the bull. with nvidia great story, they've been on the cutting edge of some of the gaming chips. bottom line here, there's a lot of competition, there's questions about their current gpu's that are coming out for the new games. we've had a tremendous run, look at the stock, it's been marched for the last several months, i'd get off that bull. >> remember the guy running for president from vermont i know you didn't vote for him >> howard dean >> yeah, remember that that was the sound you just made >> i guess that was -- >> we don't need you any more. >> double check howard dean. we have a mimi thing >> you have united rentals, keep riding or get thrown off >> have you ever been to the rodeo? >> no, you lie like a rug. >> one of my first dates with my

husband, he took me toll cheyenne and we went to the rodeo. >> is that how you knew? >> i won't tell you what they do to the bulls to make them buck. >> it's a family show. >> put up whatever graphic you want. >> you look at the last quarter, pretty significant quarter, bite on the revenue front, 10 times forward earnings the stock has sold off from march, from 280 down to 240ish there's a lot of room here get back on that sucker and ride it for the second it takes to get your score >> the cosmetic sector wellness, all this has been a great place to ride. there's so much good news in this stock, buddy. >> united rentals. >> just -- hang on >> are you all right >> save that rewinder for when i talk >> for the record, i saw bull riding competition in ft. worth

in march >> think about that one, though. >> this is all going bad here. >> bk, how about ulta beauty ride or get off? >> we all know what timothys i still ride this one, here's why. >> this -- >> wait for it >> okay, hang on take all the time you need, that's very nice i still ride it, because this isn't one of those stocks where you have this growth expansion, every time keeps going, and then had a little trouble, because the growth slowed a bit. now we sold off enough, that we have an economy that's running, we are starting to see retail sales do well, i think you can ride this one. >> tim >> all negative. get off that bull. netflix soaring today, as they're testing ads in some of its programming. could this be your best chance to buy >> guy is stepping up to the plate. getting ready to pitch one oil

stock up more than 150% over the last year. find out what it is when fast money returns.

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welcome back to fast money, time for an instant replay a little less than two weeks ago, guy made a call on nordstrom ahead of earnings. >> this is going to be crazy, and i know people are going to be like, you're out of your

mind how are you going to pitch a retail i'm going to pitch nordstrom, because last quarter they got obliterated on earnings. they came back from last quarter. i think like some of these retail names, it sets out for a breakup to the outside nordstrom is up nearly 20% since that pitch i think people are chasing, i think it has some room, if you've enjoyed this run, it's run for the last three weeks or so, i think you have to pull the rip cord and take some profits as the saying goes, nobody ever went broke taking a profit >> head over to the plasma. >> you know who's been over this

energy space >> tim seymour's been on it for a while. >> what's that, ulta >> ulta. >> ulta beauty is going to get you done wrong close. holly frontier, the symbol is hfc. the stock has had a pretty big move in terms of valuation, it's a fair valuation you're talk about a stock trading 10 1/2 times you have eps growth close to 40%. due to make 7 and change next year, if you're looking at last quarter, very good, why? operating margins. >> operating margin per barrel this year, 10.21 last year same quarter, 5.72 that's a pretty significant bump up, so they're running their businesses better. what else do you have? earnings growth i mentioned, 36% earnings growth, you add all that up, better balance sheet than exxon mobil you have a stock that's going to

continue to go higher, even if oil would stay sideways to slightly lower i think you're going to see a breakout above these levels that we last saw here and i think we break out to all time highs over the next weeks into the fall. so that's why i'm power pitching >> steve, you got a question for guy? >> i do. if oil stays sideways or slightly lower what happens if oil explodes are you nervous about that with all geo political inintersections? >> i'm going to say this the crack spreads are still favorable for their refining business if oil were to spike, would you have the right differential without getting too in the wides here i don't see oil exploding, but i see it going higher the next couple months. i don't see it happening are you guys buying guy's pitch

on holly frontier? >> i feel terrible, i think ulta is a great company i'm a seller, they had a messy second quarter meanwhile, he complimented me. >> what's the asterisk for >> i like energy names here, as he pointed out, not this one >> i'm a buyer i buy most of what guy's saying here, also i like the risk reward, i know where my stop is, even if something happens to oil that will would be bad, but i know where i can get out >> i'm going with the buy side as well. you guys nailed this one i'm bullish on energy. if oil sits here and moves sideways, i get nervous, though, in oil spikes higher >> are these devil things? >> no, bull horns. >> we want to hear from you.

we're going to reveal the results later in the show. what you think of guy's fast pitch. do you want to win $25 million just for win ining video games we have details right after the break. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites...

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eric jennings getting his game on at headquarters and breaking it down for us >> today just a few hours ago began a $25 million tournament it's a tournament called the international. and that 25 milli$25 million fie reflects the biggest prize for an esports tournament. >> what's most interesting about the money, though, is it comes almost entirely from the fans. $23 million and still counting the money is raised by in game micro transactions the game's developer, contributes only $1.6 million per year for the tournament. this is the eighth annual version of the tournament with prize money hitting $24 million four years ago compare that to the $53 million total prize money at the u.s. open tennis tournament that's

starting next week that money is being split among hundreds of competitors. the international will have only 18 teams competing with the winning team of 5 people taking home $11 million the tournament is underway right now. in vancouver back to you, michelle. >> amazing stuff eric. what does it take to play video games for $25 million? we'll let victor tell us all about it, he's the founder and ceo of team liquid last year's defending clamps, and one of last year's oldest esports teams. you guys going to win this year? >> thank you for having me >> so we're going to try our best about we're actually the defending champions from last year this is our world championships, this is the moment of the year, our players have been preparing for this for six weeks separate, they came to the netherlands, we did a training camp there for 3 1/2 weeks, after finishing that, they flew to vancouver,

they brac dissed for another ten days to get accustomed to the time zone. make sure they are used to the food, this week is when it all begins >> call me crazy, but i understand marathoners who want to adjust to the climate or whatever, but even sitting to play video games you got to do all that >> absolutely. come on. >> we'll let victor explain. >> there's a lot of stake here and we treat our business seriously. even though they're just games for us, it's a sport, it's a competition. and you cannot risk being tired or jet lagged or get sick from adjusting to the air, and so we make sure to plan everything into the finest detail >> thanks for joining us, i went to the overwatch at the barkley center, i've seen a lot of this firsthand and how rabid the fan base is. talk about esports competing with traditional sports. half the people in that arena were much happier there than watching the nba finals many.

>> yeah, absolutely. i've been doing this for a long time i founded a team 18 years ago, it hasn't always been this way, it's an absolute pleasure to see how much esports has grown to be honest, i love watching traditional sports as well i don't see it as a competition. we call this esports, are you seeing any traditional entertainment or media companies getting into the space >> absolutely. disney has a small invest ment i the team company they have shareholders that are famous nba owners, nhl owners so yeah, i think it's the right

space for them >> huge names. even i recognize them, so thank you victor it was great to have you on. we wish you the best of luck, you take home the big prize. >> go get them >> thank you so much >> pleasure. let's trade this, how do you trade this esports phenomenon. >> again disney they aired overwatch for the first time on united network tv to show the finals a few weeks back the take twos of the world brian talked about maybe some of the media names. 10 cent is the granddaddy of all the gaming companies in the world. the stocks have been beaten up you could still play electronic arts you need these gaming chips, they have to be faster, these chips are older, there's a refresh chip they're looking for any edge it's the chip space, activision blizzard >> i'll add the disney to that i still think that this is such

a natural combination. not only is disney getting on the espn side, you can have theme parks built around it, rides built around it, everything else they do. it's a natural fit this could be a real boost for disney >> it's no rodeo, guy. >> no, it's not. >> there's a great line in a mov movie, the rock. it didn't have subtitles, but i digress about trying your best >> forget about trying your best, do your best number two you should google -- you'll know what i'm talking about >> an evaluation is extended, stocks seem to be breaking to the up side. i know you're a closet gamer, you're one of those fortknight people, you put your head 230e7bs on and go wild >> there's things in my closet but there ain't gaming in there. >> thank you, coming up, netflix soaring as the company says it's testing ads with the stocks, still in a bear market now the time to buy. let's get a sneak peak in the

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knees are not commercial breaks, but personalized promos. in the past, netflix ceo has said the company would not run traditional ads, now the company tells us we are testing whether surfacing recommendations between episodes helps members discover stories they will enjoy faster some have complained with a number taking to twitter complaining about an interruption of their binge watching this comes as we get new data on another headache for net flifrm along with amazon brim and hulu. subscribers sharing accounts an estimated 35% of millennials have access to streaming services through sharing passwords, that's compared to 19% of genex subscribers the younger users could get used to accessing the service for

free there's hundreds of millions of dollars in potential revenue lost both now and down the line. reed hastings said password sharing wasn't a problem, they weren't concerned. we'll have to see if netflix, hulu and amazon start implementing how many devices can access under one account >> the worst is over, let's face it, this company's been on a tear you have to be clear, i'm not a fan of it and for a lot of this move, i've been wrong. i will say this. netflix, they don't really care what they're hearing from their investors, they're watching their every move, they're going to see their reaction. this is why netflix is fascinating and on some level they're at risk. they have as much data on you as facebook this valuation makes zero sense. >> it's a growth stock and i've seen these ads, they're not

disruptive, you can skip them. if it gets worse, it will be more disruptive, it's not at this point they will figure it out. the bears have had a win as of recently the stock has hit a certain level here, it's around 300 to 308, that's probably where they -- the bulls stepped in, i think they'll figure it out, maybe they'll be a little bit of squishiness in the short term. >> the bounce off to 320 is an interesting entry point if you like the stock it's great risk reward >> options traders are betting on even more gains on netflix. mike has more. >> netflix did see about two times the average daily call volume, most of that with short data they were the weekly 330 calls many 13 1/2,000 of those trades at an average price of just under $3 it's going to be higher than that 330 strike price. by the end of the day, even more

of them traded top 5 options and the name were all call options. it was probably the sixth most active you single stock option today. >> more options action, you can check out the full show friday 5:00 p.m. eastern time >> anybody got more to say >> final check >> 5:30. we go on a break, you hear the music playing. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

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the results of the twitter poll for guy's fast pitch was so bad, we couldn't play our usual toni braxton, celine dion it is. >> losing votes. 70%. i'm not crying >> don't be so -- >> 70%, so sorry >> any more. >> time for the final trade. let's go around the lorn >> people in the sector aren't crying after that constellation deal, the sector is on fire. stay in that sector. >> bk. >> going to be a little contrarian here.

>> lennar, i'm still long, you should be too. >> i'm never by myself holly frontier there >> long or short >> i pitched it. >> that'rit.s gh my mission is simple to take you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to hell you find it. "mad money" starts now i'm jim cramer welcome to cramerica call me at 1-800-747-cnbc or tweet me @jimcramer. the best companies don't just disrupt their competitors. they disrupt themselves. if