>> quick follow-up, the big intraday rebound >> we have the bond market tomorrow to tell us what to think -- >> would you call that's the big brother? >> the supervisor. >> there you go. >> feckless little brother. >> that does it for "closing bell." >> "fast money" begins right now. "fast money" starts right now, live from the nasdaq market site, tonight on "fast," bringing good things to life the stock is up 20%. yep, 20% in the month of october. and the chart master said there are more gains to come you won't believe how high he thinks it can go if you're looking for yield you don't have to look too hard. the traders will take us yield hunting in the dow that is right where we start with rising rates and investors playing defense, yes, that crucial element that was missing from the new york giants loss. the defensive sector taking off

today as tech gets slammed, which would typically sell of in a high interest rate environment like utility they're up about a percent or more. leading the markets. what is this move to defense saying about the market, should investors follow suit. guy, what do you say >> i think people are concerned, the vixers people are concerned and the market are saying maybe the federal reserve who is -- whose about face changing course maybe it will have market ramifications. make they're behind the curve, maybe it's not as easy as the market thought it was six months ago. i can't believe the market's piling in the utilities, the xlu continues to go higher but i do think there are places you can be i think you consider in energy and the health care is having the stealth rally. if you look at the big cap pharma names they traded really well on a lousy day today. >> a bad sign for the markets that people wanted to go into

these typically rate sensitive areas? >> i don't think so. you think about the s&p 500 is almost up 8% of the year so we're talking like we had a sell-off, down 2, 2.5% from the all-time highs from last month when i think of the equity markets we are seeing high valuation, crowded trades. like the maga trade is having a hard time, the microsoft, the google and the amazon. if you want to go over some of -- you know, kind of the high flyers that don't have the valuation support, stuff in if the cloud space. things like adobe and workday and some of those things have a hard time. to me it's a little kind of rotation out of some of the very crowded high valuation age. >> that's the thing for the market players is there something different now? the val spike we haven't seen it in three months. you can make the argument between the tariffs, between the fed and maybe, you know, whatever else you want to play in terms of where the corporations are making the

noise about the stronger dollar. i agree with dan, a lot of this could be just rotation how many times have we done this i do think defensively there are names in the value camp and whether it's energy and -- you know, i think there still is a lot of value in the energy space and that isn't necessarily defensive if you start to worry about where there have been volatile -- a lot of volatility in the past. i think you want to stay - >> the one thing this is not new. so staples bottomed in april, may. then health care bottomed in june we have had a rotation that's been going tech's -- the leading and the largest sector peaked on the 6th of june. this has been going on for weeks. this is more of the same there's no new rotation. this is a continuation what's been going on for three or four months >> can the markets grind higher if this rotation is done f the rotation that we have seen for the past couple of months that's the rotation that will happen in the markets and we won't see the pickup in the financials or

do - >> if you think about it, we're losing them very strong. it's not just tech it is anything that was up on a rope, whether it was visa or isrg big super gap are rolling and money is coming into defensive names. it all depends on the industrials and financials not about the staples or the tills at -- utilities at the end of the day. >> we say some signs of life in the intraday chart in today's session, at least. it helped to bring the markets practically to the flat line. >> a good sign but again, today's columbus day so i don't necessarily -- you don't want to -- >> is it still columbus day? indigenous people day. i don't think -- >> did i insult people i didn't mean -- i'm sorry i apologize. i didn't realize they made that change so it was a holiday. so - >> yeah. >> bond market was closed. >> let's put it out there. but you have to be encouraged a little bit i think dan said this before the

xlf is rolling over and technically it sort of looks broken the banks are going to rally they better do it soon otherwise i don't know where we'll get the leadership fro. >> the investors don't seem that excited about the quick rate rise for the banks we're talking about the s&p up 7.5% and the mega cap and if you think we'll make a breakout of the prior highs and go forward into the new year would be a correction of the f.a.n.g., maybe a 10 or 15%. some are correcting to that. if the broad market can hold in, those are not the leadership that actually make a meaningful breakout ultimately. >> to have lost small cap growth was perhaps the best of all. and to have that to come off the way it has it all is a little dodgy we need it to stop and it's not

stopping. >> well, i want to highlight what carter said about small caps first of all, they have underperformed the s&p 8.5% since june they're down 7% straight to the 200 intraday so it's only fought the 200 intraday only four times. and this is the barometer of a market starting to turn. i think you should be watching that break. >> is tech dead? i mean, we have seen it down 4% over the past week or so. >> i mean, if you take semis as the leading edge of tech, the beta and the investment cycle within tech it would suggest that tech is dead. >> oh, it would suggest that tech is dead what do you say? >> at a certain point there's stocks that are interesting on the valuation basis without question. >> as a sector because a lot of people are investing in the qs, right? and not -- >> i think right now there's more pain ahead in terms of especially semis but in terms of

tech broadly when carter was here on friday, i asked him a question at at the smart board, are we going to start to talk about a potential double talk in the s&p it's setting i think that way, the s&p closed flat that today but the technicians talk about a double top. >> it's really treacherous set-up so the worst that the stocks act into earnings that get started into the next week or is the likely muted downside risk in my opinion like back in january, when the market was up 8% as we head into earnings season -- >> good set-up for the earnings this time around. >> a good point. i think it's crazy to say that tech is dead i know you're asking the question you're not saying it but ultimately we have had a pullback of essentially 3% in the last couple of days or in the last couple of days it's trading choppy tech has gotten so frothy i think you have to be careful about i. >> a news alert on ppg industries it's falling seema? >> i want to draw your attention to shares of ppg are falling

after issuing guidance to the investors and they cited the cost of higher cost of raw materials, soft demand in china, weak foreign cent sips and emerging regions and weak automotive refinish sales as several of our u.s. and eu customers are carrying higher levels the stock is down about 6% on this guidance. back to you, melissa. >> thank you very much, seema. we can go a lot of different ways with this what does this say about industrials or other companies that have said, either the political environment or higher costs are posing a problem. >> i mean, these guys are in the auto sector, especially materials. you can argue this is certainly tariff uncertainty and we are hearing it more and more from companies. why wouldn't you on some level especially after the back drop that people had the expectations that's so high. >> any of the companies that might have input cost variations might have some geopolitical, why not say the impact -- why

not -- >> maybe the impact is increased during the quarter and as a result we're experiencing the high level of cost inflation since the cycle began two years ago. you hear -- you didn't start to hear that from a lot of companies. for those who don't think the fed is in play the fed is in play. >> well, the next guest says rising rates are here to stay but you can still buy stocks which ones let's bring in a derivative strategist you get a warning like ppg you piece that together with a pepsi, you know, all these other companies that have come out so far. does that cause you concern that we'll start to hear the impact of higher input costs, input -- impact of tariffs, the inability perhaps to pass price increases to a consumer? >> no question about it. you are going to hear these things but as you discussed moments ago, you're actually setting up soft into the reports. and unlike, you know, a market

that was ramping into prior earnings season reports that's a good set-up. but it's absolutely going to be an issue and if you look at it it's not conclusive whether the tariffs are inflationary or disinflationary. it's this constant tug of war. i would suggest that the move higher in rates is due to a lot of other things. one of them being a lack of demand on the part of international investors. but the point being that unlike the last move over 3%, this one has staying power. and the yield curve steepening as a consequence is part of the reason why and for us that is are grelight for financials and energy. >> financials and energy, but how about the rest of the market do you see the rising rates positively correlated with the stocks or the reverse happening? >> that could change eventually but for that to change it would

take the impact of the trade war to be inflationary something just sort of more longer term in nature. and we just don't know the answer to that yet that's why corporate commentary in the upcoming earnings season is going to be very important to listen to. >> you talked about maybe the head fake on rates maybe this is about foreign buyers stepping away, funding twice as much as in 2017 could rates higher be a technical dynamic right now? >> we don't think so so if you look the next several weeks, we have come a long way in the ten year. and it wouldn't surprise us at all for the pause that refreshes as it were the bigger trend and you talked about double tops and double bottoms if you look back over the history of ten year rates there's a momentum double bottom that would indicate, you know, the bigger trend has changed to higher rates >> julian, what about energy energy has the highest revision

rate up among the bottoms up analyst community and the highest price target differential between current and where people believe and yet it's all p/e contraction all year i'm surprised how poorly it acts given we hit 75 in wti and still the energy is not coming to life. >> there's definitely a skepticism around the staying power of higher oil prices but, you know, the fact of the matter is is that the geopolitical situation would lead you to believe there's a staying power to it. and to your point, carter, you know, the composition of energy in the s&p 500 index continues to be near all time lows so it's 6, 6.5% versus 10% average. you can get a big rally and we think that's part of the story.

>> are you worried about the input costs going higher we know where the dollar and the labor is trucking said -- >> credit is more expensive. >> financing all this debt and then the inability to kind of, you know, borrow to buy back stock couldn't you see a legitimate eps downgrade for 2019 between now and the end of the year >> you could but the counter to that is that valuations in aggregate are already okay i mean, you have had -- you have had multiple contraction in 2018 a couple of turns. if you're still going to grow close to double digits in 2019, the market can support that. the question is and i think we talked about this a few moments ago what's the fed's reaction function and the fed's telling you that there is a reaction function as opposed to discreet forward guidance now if things get dicey over the next month or two we'll see if the fed steps back that's supportive for markets.

>> are you saying that you think the december hike is in question >> yes we have always said that. >> even though it's priced at 95%. something like that? >> 75, 80% so our view is that they may still hike but the probability of their hiking is likely - >> lower and lower. >> to come down between now and then. >> because of earnings season? >> because of earnings season and the election and it could end up being upside volatility. >> julian, thank you you buy what julian is saying? >> well, to a point, but i mean, i think if the fed doesn't hike in december -- >> i think it would freak the market out. >> so i can understand how you could say it's bearish because you have the fed put in place. i think the market might go higher but what are the rest of them seeing that we aren't seeing >> good for them for getting out

with the nonconus is call on this by the time we get deep into the fourth quarter you'll have seen -- i have said a couple of times we haven't seen trade data yet because -- >> it's too early. >> it's not in the cards so i like the ability to be flexibility on that. the fed said they're data dependent, why not >> we might have seen first half data like buying of semiconductors like pushed forward, right like we might have seen a lot of this. >> yeah. >> industrial too. >> well, semis, they sell into the end markets. at the end of the day, we'll see that was kind of obvious if the market rallies it goes parabolic because the fed doesn't raise in december, then we set up like last january. everyone is scratching their head it doesn't make sense and then we're down 10%. >> also the consumer -- the consumer discretion, the comps will get very hard, very soon. coming up, square is getting smacked. the stock is down 8%

we'll tell you how bad it can get and plus facebook has its eyes on you. it's launching a new video chat device called portal should people trust mark zuckerberg to monitor their homes? and plus general electric soared 20% in month and the rally is just getting started. 'rli fm times square in new york city. much more "fast money" right after this thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach to wealth management.

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the payment pain continues check out some of the moves on square, the big loser today and this week as btag flags concern about the exposure to the credit market mastercard is down 7% and visa down 6% in the past week is there more pain ahead for the stocks, dan? >> let's talk about square and paypal these are darlings, square had a $40 billion market cap just a couple of of weeks ago so you know it went from 80 bucks to 100 bucks, now it's on its way back to 100 bucks. i don't say it's a big disaster. but i think it's important to recognize the fact that "the wall street journal" ran a story about a company called brex, worth $1 billion founded by two stanford kids who dropped out. it's a bit more disruptive for the likes of mastercard and visa eventually but i don't think how you can complain about a quick draw down in the square. >> you said this space - >> it's this

if you look at the correlations right now with this type of stock as it relates to like the s&p 500 software, sub industry group, whether it's adobe, it's not about the type of business it's in. it's a money flow. so people are selling aggressively stocks that have been great winners sentiment is broken and they're either doubling back and finding losers like utilities or going out all together it's not so specific whether it's paypal, visa, mastercard. it's a type of stock, often to the right, too steep that's getting a real hair cut. >> and there's a reason it's gotten too steep, remittances, whatever, look, visa had some great business visa direct is a fascinating business they're well positioned but what's the multiple here and people have forgotten what viva really is. it's a sobriety check. at some point a great business

but these valuations are tough. >> that's the problem. i think people now are focused on valuations which hadn't been a concern for a long time. carter mentioned the chart well they're from the lower left to the upper right but very quickly could not be intact and in terms of visa it's still 135. in terms of mastercard it's probably 200 however, i think people are focused on valuations that they hadn't looked at before. >> for more on the issues plaguing square, you can head over to cnbc.com a great article on the topic there. i'm melissa lee. you're watching "fast money," and here's what else is coming up on "fast. ♪ ♪ we bring good things to life >> lately ge shares have brought good things to investors and the chart master said there's something in the charts that point to more gains plus -- be very, very quiet. >> the yield because with the backup rates, a number of dow stocks are

orngspti big dividend yields and we'll tell you which ones the traders are buying

comments from president trump on the south lawn at the white house. let's join in. >> there was no collusion, no russia it was all made up by the democrats. they're the ones that colluded with russia. the democrats colluded with russia and frankly, the previous administration didn't do anything about russia when they knew that they should have yeah >> [ indiscernible ]. >> got to speak up look >> [ indiscernible ] >> i said that i was going -- i'm not making any changes you'd be the first to know i'm not making any changes >> [ indiscernible ] >> are you concerned about -- [ indiscernible ]. >> i am concerned about it i don't like hearing about it. hopefully that will sort itself

out. nobody knows anything about it, but there's some pretty bad stories going around i do not like it thank you. i'll see you at 7:00. >> what do you have to say to taylor swift now that she's in politics taylor swift is jumping into politics >> what did she say? >> she wants people to vote for democrats. marsha blackburn especially. >> marsha blackburn is doing a good job in tennessee. she's leading now substantially which she should she's a tremendous woman i'm sure taylor swift has nothing or doesn't know anything about her. and let's say that i like taylor's music about 25% less now, okay? thank you. >> and that was president trump making some comments on the south lawn just moments ago. let's bring in amin javers in

d.c. a lot of different comments, even how much he doesn't like taylor swift's music now. >> yeah. the president was asked about rod rosenstein, about what would happen between the two on air force one. rod rosenstein flying down to orlando, florida, with the president and back on the big airplane and he said i won't make any changes just there. we had a very nice talk. we actually get along. so the president not going into detail about what happened but suggesting that rod rosenstein has his job after people are speculating that he might get fired. it looks like rosenstein is emerged from that airplane travel with his job intact melissa? >> thank you coming up, facebook wants to get into your home announcing the new portal device, but with facebook's laundry list of privacy issues is this the right move for the

company? we'll explain. co> if you're looking for inme, where should you turn? the investors here will do some yield hunting. every call is different, so the only thing that we can do to make sure that we get there safely, and that we leave that scene safely and go home at night, is train. and we train all the time in the fire service. no matter how much we train, the last thing you want in a disaster is to lose communications. without communications, we have nothing-- people get hurt.

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welcome back to "fast money. looks like wall street is changing the tune on ge, the latest analyst to jump on the bandwagon, barclay's analyst julian mitchell made his report earlier today. >> i think that a dividend cut has been largely factored in by institutional investors so i

think if you saw a clearing of the decks on the dividend we get a clearer path from a new ceo on the higher financial flexibility. what that dividend cash will be used for instead which is likely a very aggressive power restructuring. i think people like that message because they'll understand then why the earnings and free cash looking out two years should see a very sharp increase. >> this as ge has made an electric comeback, soaring 20% in october giving us a glimpse of the glory days as you hear from the old commercial song, it was a shini shining light in the market. >> that's a great tune reminds me of better days. look for the company -- look mr. culp comes in, they think he can carry it out at ge, can he do

that, no will he increase revenue over the next couple of years because the energy business is on an upswing, yes valuation wise if you want to do this metric one time -- $1 in 2018 means you're at 13 1/2 times multiple that's very cheap. i think you stay long in the stock. >> where do you go -- what's that, the smart board? >> the plasma. >> plasma. like a tv. >> we did the thing a couple of weeks ago the more you know. >> you keep referencing it so how can i forget it? >> these are three reasons we have seen a bottom in ge they have addressed some of the problems and they addressed them by getting a new ceo we didn't know that at the time. >> that's true. >> a huge volume day so you saw the ka pit whattory bottom on 140 million shares although i don't think their problems are over by any stretch of the imagination i think it can continue to rally into the

earnings on october 25th. >> all about expectations and this barclay's analyst is making the point that investors are prepared - >> there are no expectations. >> they're prepared for the free cash flow cut and a dividend cut. that's half the battle. >> i think the history of distressed equities will tell you the four words dividend price -- the dividend cuts priced in don't play out that people who are hopeful about that do. yeah, four. >> i had to count it on my hands, i was mocking him go ahead. >> dividend, i got confused. >> i have to say it doesn't usually work out that way. >> but hasn't the expectation of a dividend cut already played itself out in terms of the shareholder base i think we're expecting one thing or another to me i think it's clean slate time in the ge shareholder base and that's positive for the share price. >> well, all wall street analysts are getting bullish there's a bold call to buy ge way back in april.

>> as again it's continued lower over the last several weeks and months the actual internals have moved higher i think i want to stick my neck out and take a gamble that the very important now less important stock is maybe so bad it's good. >> ge is up 4% since that call and with the most recent rally carter says the lows are in for ge why don't you head over the plasma - >> nice. >> be careful. >> and it was -- it did make a new low so it's just so -- treacherous we have the adages don't catch the falling knife value trap and that's the risk here but it went further and now there might be the signs that it's reaching that i want to pull in the all data chart going back to the 1990s. then do a little bit of drawing. what we have here is we have three distinct periods down 64%, down 86, down 66 what's interesting is these are all four year exactly four year

declines so this most recent one it looks to me as though this is about where we get the set-up for some sort of throwback. and that's about here. so let's drill down a little bit more and focus in on the most recent period so here's our entire bull market since '09 while the stock market continues, ge slumps and slumps dramatically let's put in some lines here this is a little bit crowded but these are all the declines that the stock has had and then the countertrend rally up 15. up 7, up 11. up 22. then we're up 22 again so the issue, is this sequence over and over and about to make new lows i think that's the key i think that's why the lows are in then finally, here is the -- here and now here is the april so that wasn't so great right?

we made a new low but we're back now to it. we're a little above i think the key thing is this. here is the down trend what we know, there's no way around this. this has failed, failed. failed failed and now we failed ever so slightly, but then we pushed through. and that then is the judgment. that this finally -- the lows are set, upsides unknown it's more about are the lows in, i think that's the case. >> so carter, you have been drawing lines on charts for a very long time and for "fast money" in particular i feel like you need a bottom line like there needs to be a wedge sort of set-up for it to throw up from that line. i don't understand what the upper, upper price target would be. >> well, that gets back to the longer term chart. again to recover the moves this is again some of these countertrend moves are fairly substantial. but the key is that this one is

moving from a low basically having held. i think this one will be more outsized than the others that's the bet that it's really first and foremost has it set the low because of that heavy volume gap and that very record of volume day and that's the bet. >> i think carter should come back kind of awkward if he just stayed there the whole rest -- >> does he want to come back though >> that's the question apparently he does apparently he does. >> yes he's coming back. >> what would you say -- in terms of the options market have you noticed activity that would indicate one way or the other? >> today the call volume was 1 1/2 times the puts the traders have become obsessed with the name. the first gap, that first day when it gapped higher it gave most of it back. right? but then some guys got in there and gals and said, you know what, i think carter is right. i think the bottom is in they have been doing a lot of the weekly near the money calls and playing it for short term moves. >> this stock falls into the

same phrase i said about emerging markets you make the most money when things go from awful to just bad. this stock is up 22% in just two weeks. based upon a change in sentiment and not a whole lot left the ceo not insignificant, but i think there's a lot of good news priced in. >> already been priced in? >> i want to point out, you have had a massive run on the stock that basically has struggled to have this kind of move in a long time not that things are suddenly better they weren't off. >> there has to be an earnings conference call and the update has the worst been priced in >> no. i think there's still a chance like i think people can chase the earnings >> make some new lows? >> i think it can potentially make a new low early next year let's say. on the earnings on the 25th, i think it prints at least 15 which percentage wise is still a significant move. >> all right

still ahead, rates are on the rise and the traders have four dow stocks for you plus, facebook is coming to your living room. the tech giant announced a new device activated device today. more "fast money" is coming up

welcome back to "fast money. rates soaring to multiyear high bus if you're on the hunt for yield, a number of big names boasting big dividends that could make them worth a buy. bob pisani is breaking it all down. >> hello, melissa. the s&p yields 1.8% on average but five stocks in the dow pay twice that amount. now ibm is the leader here but that's not surprising. ibm has raised the dividend every year for nearly 20 years in fact, it's doubled the dividend in the last six years so no surprise on that verizon, exxon, chevron, progress or the & gamble telecom and oil pay higher rates than the rest of the market. the increases are higher, 292 companies raised their dividends

an average of 14% this year alone. the highest raise since 2014 now you know this has coming with the bad news. higher rates may make them less appealing to investors we had below trend gdp growth and low rates. you buy growth stocks and this is the companies that have consistently raised dividends. this was a popular investment for years. but as soon as interest rates spiked in february, dividend payers underperformed the market and they have underperformed as rates have spiked recently so the picture is complicated here because many of the high yielding stocks, you know, like procter & gamble, they're high safety plays in an era of low rates it was simple you wanted to own growth and you wanted to own the stuff that pays higher rates but we may be moving out of that era and that's a debate we're having right now. we may be moving into the era of

higher growth and higher rates and that kind of environment owning dividend paying stocks may still make sense under some circumstances. but it's not as compelling a case as it was a year ago. back to you, melissa. >> all right bob pisani at the nyse are any of these high yield bonds worth a buy, so we thought it was time to go yield hunting. let's review the rules -- it's been a while take verizon for instance. we'll go around the horn and if the traders think it's a buy, you will see and hear this if they do not, you will see and hear this instead. there we go. >> makes no sense by the way. >> i think they got it backwards. >> traders who don't think it's worth the hunt, so they'll let it go, symbolized by the duck flying away. >> i'm really confused because so -

>> so confused. >> like the stock is red, as in going down and the bad one is green as in going up i mean, i'd fly away right now if i could so anyway, let's try it. >> we won't change the rules now. >> anyone with me on this? >> bylaws that need to be approved so let's remember the red duck means you like the think and the green means you don't. verizon, dividend yield more than 4%. are you buying this? >> my duck is flying so high right now, love the duck i am - >> buying it. >> buying it hunting it or whatever see? >> really confusing to me as well. >> are we on air right now >> are we -- >> yeah, we're really on tv. >> i like the stock. i like it. i'm duck hunting, i like this stock, here's why. i think verizon -- the benefits

extend beyond fixed wireless this stock starts to be -- you want yield they're more free -- higher free cash flows in the next three years than they have had in the last 20 i like this stock a lot. valuation -- >> mel, i just got -- we wear the things in our ear, called ifbs, i'm hearing from our crack staff, max meyers said green so the target is good means it's going higher. >> all right we did the reverse. >> and red duck means it's going down. >> tim, why wouldn't you like the at&t it's underperformed verizon massively as of a 5.8% yield - >> i like it it's a fair question, but it's not an option for me if you tell me verizon, i want the green circle not the red duck. >> the green circle because you like verizon. >> i like verizon. >> okay. this might be an opportunity for you out there to turn your volume up and don't just go by the graphics

if you're not -- please turn us up to make sure. tim likes verizon. next stop, ibm has a dividend yield of over 4% dan, are you buying ibm? >> no, i'm fading it and i'll tell you why. >> that's a confluence of another game. >> are you a green duck or a red target >> listen -- >> a red duck. >> bob pisani's set-up is really good high dividend payers or growth and this has a high dividend in my opinion, it's been a value trap for a long time so this company needs to be broken up. i suspect they stop raising that dividend in the not too distant future i'm ducking it, fading it. gone. >> do not like it. red duck all right. now that we're all clear -- i mean, i feel so much better. i didn't understand the graphics before. >> i guess we're clear. >> who's up next >> guy adami. >> see if he can decipher this, exxon mobil, dividend yield under 4%.

>> i think that sucker is going higher so put that little green growth with the test ascope thing. and we're about to break up, 15 times forward earnings is not that unreasonable. i think the report on november 2 so i'm putting my scope -- i'm zeroing in on it. >> periscope. >> you listen to it -- >> procter & gamble, yield is 3%. >> the stock was 70 in april but it's rallied to 87 27% move i think the good eating has been had so you shoot the duck. duck goes down, red duck sell. >> very graphic. >> i like what you did. >> carter is very decisive i like to point out -- this is first time that carter has played this game. >> you know what >> he did it perfectly. >> good for carter, mr. goodie two shoes he got it light.

he was last in line after they changed the game on us in the middle >> no ducks were hurt in the formation. >> i don't want any e-mails from you duck loving people out there. still ahead, facebook's coming to your kitchen, launching a new chat device called portal. should consumers trust mark zuckerberg monitoring their homes? plus, a look at our cramer cam. tonight jim is breaking down the big winners and losers in the communications sector at the top of the hour. much more "fast" after this. place, the xfinity xfi gateway.

and it's strengthened by xfi pods, which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything.

leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. welcome back to "fast money. facebook out with a new portal into your home our julia boreson joins us with more on that. >> that's right. melissa. facebook portal and portal plus are the new voice controlled video calling devices that aim to compete with the smart home gadgets from amazon, google and apple. they will ship early next month. the portals aim to focus on video calling with the smart camera that follows you as you move around the room to appeal to the 400 million people who use messenger voice every month and to connect friends and

family using the services. these devices are equipped with amazon's alexa voice assistant software so consumers can ask for the weather or control other devices. now besides video calls these devices can stream music from spotify, pandora and amazon and video from facebook watch but not from ore other apps such as youtube. amazon is a partner and facebook's biggest rival and amazon controlled 34% of market share. the smart speaker market in the first half of the year facebook's move to sell a listening device comes growing concerns about privacy google opted not to disclose to users that it discovered a bug that gave outside developers access to private data now, facebook says these devices are built with privacy and security in mind they include a cover for the camera lens and a button to turn it on or off

based on blowback on twitter it seems like privacy is top of mind for consumers. thank you. julia. well, "fast money" received a portal camera and here's what we captured earlier today. >> oh, look at my hair, holy cow. >> hold on, tim -- >> serious - >> i brought my pick and i brought my comb and my brush let's fix this up a little bit how's that let me just get that right there. >> nice. >> feeling better? >> yeah. >> i noticed you're a little shiny. so i brought my brush. >> get that dark - >> close your eyes i don't -- please close your eyes, keep it closed okay, take a look. >> i look great. >> wow okay that was disturbing. >> i'm sorry people had a chance to see that. but guy, thank you so much for that. >> well, you're welcome. >> look at you now just kidding we did not receive an advanced

copy of portal but if mark zuckerberg is watching, send us one. we'd love to test it out but let's trade facebook is this the kind of device that could win the home what do you think? >> a year, 18 months from now, maybe. they have to win the home but in the meantime when carter and i talked about this, we have been talking about the move to the downside, was today's low of 154.40 enough? we had flagged at the 155 level. do you get long facebook in earnings here? i think the path of least resistance is down but at least you have something to trade about today's low. >> that's right. we haven't approached that sort of testifying low and i remember this is a stock that lost $120 billion in one day that was a thursday, july 26th. you just don't want to stand in front of this kind of trouble. >> do you think that the stock is weaker because people are already pricing in weaker ad and revenue numbers? i don't think so therefore, when we haven't really gotten any notable you know responsible or in next data

point, i don't know why you want to go near it. good governance of technology is what it comes down to for facebook i think the question is are there new controls in place and you hear me talking about this all the time so i'll stop for now, but i don't think that facebook is out of the woods on this in any way. >> let's switch gears the airline stocks under pressure today as well as in the past month, could be about to get worse for the group. so dan, what's the options market expecting can >> really interesting delta first one to report. the options market is implying about a 3% move in either direction, not a big mover on the day after earnings about 2.5% over the last four quarters we have a one year chart here. this is really a trading stock i know as tim you own this thing. and you know it's bouncing off 48 been rejected at 60 over the t last year. again i think the lower we go into the print the more treacherous it becomes to be, you know, short this sort of thing from a trading standpoint.

that's the two year chart right there. when you look at the consolidation the thing that feels like a coiled spring, despite the volatility within that one year range. >> for more options action, check out the full show. friday at 5:30 p.m. eastern time up next, the chart master said the's era sleepy stock about to break out. can you guess which one it is? the answer when we come back 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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time for the "final trade. tim? >> another yield play, look at the ept, look at the differentials, take that. >> the dow stock that's about to break out is - >> disney. it peaked with "star wars" august the 15th. i think it breaks out to new highs. >> sleepy? >> you know what we're talking about the payment stocks, tech stocks that are kind of getting beaten up and the set-up could be really interesting. i think paypal could be one. maybe a few bucks lower. >> big start tonight for nathan eovaldi, if you had to handicap it, do you think the yankees tear him up tonight or do you think he silences the bats >> i think he gets torn up. >> torn up that's what we want.

so we're hitting 2-1 going into tomorrow you're happy about that. >> absolutely. >> you know what else you should be happy about the stealth rally in bst ariolnd bmy. >> that does it for us "mad money" with jim starts right now. 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. okay, what the heck is going on here? how did the market manage a rebound after being down so dramatically dow gainin