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tv   Fast Money  CNBC  November 13, 2018 5:00pm-6:00pm EST

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happy. u.s. representative elect alexandra oxio cortes is worried about the tax breaks when she says the subway system is crumbling and the strengths residents are concerned but the mayor and the governor are happy about the news back to you. >> courtney thank you very much for that and thank you for watching that does it for "closing bell. "fast money" begins now. "fast money" starts right now. live from the nasdaq market site over looking new york city times square i'm melissa lee. our traders are on the desk. it's the most feared technical indicator on wall street, the death cross. it's rearing its ugly head on small caps it may spell trouble ahead for the market a crude selloff, the worst day since september 2015 as it hits the lowest level in a year how low can it go? we start with apple under pressure bad news and more bad news since
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the all-time high and october 3rd. the stock has been in meltdown mode, down 18% from the high nearing a bear market. apple lost 20 billion in market cap as worries over shipment and demand have questioning on the trillion dollar valuation. as the stock closes below the 200 day moving average is there more pain ahead for the giant? this guy was supposed to be the defensive tech stock in the market. >> the a week or so ago it went up to the smart board and the power pitch on apple and it turned out -- firps it look like a genius. >> you pitched it as a short to be honest i thought you imprisoned -- dsh kudoss to you nice job. >> more pain ahead means another $7 down to 185 it's pain ahead if 185 is not a big deal, the stock is fine here i understand trillion dollar valuation got on the radar
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screen and they are not giving guidance and hardware and what they are selling. that could be deemed a negative. but i don't think apple changed from two weeks ago prior to that announcement where it is now it makes sense here. >> the difference is we have seen some people, a lot of the suppliers say, listen, things will get cut back. nikkei reported november 5th the xr isn't selling as well they are telling foxconn to cut back on that it's not a as clear as we used to be. he see businesses slowing down, adding insult to injury. apple apple said we're not showing you -- what we have zsh dsh it. >> we have seen the supplier data faulty. but to your point i want never been coupled with apple saying wraer not giving guidance anymore on the hardware anymore. >> and the downgrade yeah and dou grade in fourth quarter and pointing out emerging markets, and a fx headwind but i don't ware o care about that i care more about the xr demand
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for the lower price phone which is where they are going. and thank goodness for the xs and the max. i'm getting confused but that's supposed to mitigate what's going on. in the short run it does the bottom line for apple in terms of iphone shipments is you're going to be peaking over a throe-year period or doing nothing over the three-year period if you look at where we are going in 2018 ob 2019 -- 2017, 18 and 19 that's a problem. >> the biggest thing is a tailwind if it covers is the services number. >> if it ever recovers from here. >> i say it sort of off. -- near term if we are out of this sort -- i don't want to cull it a death spiral but it has taken a hit quickly for the apple -- which was the growth and the value as you led into the segment. >> and expensive. >> right, $37 billion as far as revenue -- sf service revenue. if if comes out to as far as
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iphones kaelts and it's a tailwind and ultimately better for the company. >> do you think investors are using the bad news from hahn hi from lumta all the apple suppliers as an excuse to sell the last standing tech stock in face of the china tried war, not knowing where global growth is, get rid of it? >> it gets exacerbated by how they are not giving the units out anymore. that's much more uncertainty and they are quicker to sell first and ask questions later. >> implied in my question is there is a fundamental story tor apple, unless you believe the demand is truly threatened at this time the supplier data is something to read through to apple it's disbelieve it's very important to restate a thesis on apple which i think did exist two weeks ago or two months ago and still alive today. and i still believe it very much first of all in the capital market side this company will continue to buy back stock and actually possibly increase the
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dividend, certainly do everything they can actually to give $50 billion a year in free cash flow back to the investor the sec thing is the installed base is enormous the service revenue maybe you are disappointed where we went in the last quarter and some of that is fluchd up by health care some is new screen repairs the bolle is this company is getting a better multiple. that was the story it's not a hardware story. right now they want you to say we're not a hardware company treat us like a software company. we can't but i think the company at these levels is interesting and yes a market proxy right now. >> and there are growing pains associatewood making the transition and doing it in a way they did the way they gave it to the street wasn't -- they could have done it better notwithstanding, you saw moves not of this magnitude but back to the beginning of the year when the stock wrent from 180 down to 160. >> and challenged the 200 day two other times. >> yes and it has been a longer period of time and more dramatic. but the 190 level is where we
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took off from well parabollic from in august it's been a tough trade. apple is a stock that everybody thinks they goes up in perpetuity and this is painful pch but it's at levels that make sense. >> it was only below the 200-day for a handful of days. we are just below the 200-day now. 193.36 we are below it now just a hair below. now it doesn't matter for technicals once you break significant level it's broke it doesn't care to what degree you break it but once again we are only below that the other two times this year. >> does that mean i should be worried or not. >> you should shall worried if lasts longer than a we can below the 200 day. that's what we have seen from the february to april selloff. >> if we lost apple for a finite amount of time in the short-term does that mean the markets can't find footing as well
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you have the bigds stock with the huge ecosystem around it we had semis, spriers, et cetera, and maybe a proxy for consumer aspening >> precisely that's the question tough ask. and i think given everything else going on around the world, to look at apple and say, wait their orders are slowing down. the global growth story has decelerated at the least so maybe, yeah, maybe things are not as great as we thought still i grow with everybody else though the god news is here i think people will overreact to apple p. somewhere around 185 you get a trading opportunity to pick it up. >> in terms of the broader market -- it's clear the market didn't trade particularly well today. that's stating the obvious but more so on the fact in the wake of yesterday which was a miserable day. the market didn't hold a bounce that historically it in the last ten years has. there is further room to the downside it would be great to bring on
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somebody giving a bull case for the broader market. >> i was going to say something but now there is no room to get in the way. >> the guest is bullish. >> let me say that i think it was disappointing as we lost story. the big stories were apple, goldman sachs and then oil yesterday. all three weaker after huge and oversized pullbacks that should be of concern. >> all right well while apple driechs the market lowers. the next guest has a silver lining a new rally is about to begin. chris harvey is from wells fargo. great to have you with us. >> good to be back, melissa. >> 12% high frere here in 2019. >> in 2019 and between now and year end mid-single to high single digits it's not my gosh we're so bullish we can't see the straight the the pain has been created opportunity. the s&p 15, 16 times earning we got here because rates went higher bus people thought the
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fed was dovish not hawkish and tech and momentum was in weak hands. steve i know you are looking for that ka that is rightic pew and more people washed out but people i talked to are washed out preponderates are now starting to come back down and you're right, oil has gone down 7, 8% today that should keep rates lower in addition to that the fed now has to acknowledge that trade and tariffs are starting to affect prices. there is cost inflation. the supply chain and the economics. that to a did he grow at the marj is dovish. >> janet yellen talked about transitory that's aed word she use used all the time a lot of people think the tariffs are transitory why should the fed focus on something that will go away in the president's mind in a couple months. >> they have to acknowledge. -- earlier they were saying we are talking to the c suite,
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people in the know and they are fearful. we don't see the facts now the facts are on the ground. if you go through earnings you see inflation, prices change you hear people talking about changing the supply chain, that's real and tangible that may be transitory but they have to acknowledge at this point in time that's important. >> chris, one thing we saw today, high yield young bonds starting to have -- seeing some cracks in the arena. does that concern you for the bullish case. >> it always does concern us but why is it happening? it's because oil is going lower. oil -- that's a tax reebt for the consumer the consumer is in a good place. what are we on top of? on top of spend, the christmas season as people get more money in the pocket they are going to spend it so a certain degree we see it as positive but not overlooking the fact that it put stress into the credit market. >> looking at the mid-terms elections everyone was positive with the closure but if you attribute any of the run up due to pro-growth
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policies less regulation if that is grid lock you don't get that. how do you make the case with whether or not rates are coming in or not to guy's question -- they're still higher than they were less pro-growth policies how do you make the case for 29409 in the s&p and above. >> 2940 for this year. >> exactly for this year or even when you're talking about, the landscape has changed. >> right we have had a lot of pain. going into october we are telling clients to derisk. above 2900 derisk. we saw the good news priced in i haven't seen this kind of derisking in years there is a massive culling of the herd at this point in time there are less sellers at this juncture now looking forward. there is a lot -- we dealt with the negative news as we look forward we are going to have positive news around the holidays we are going to have positive knews as companies look forward. >> apple warned, amazon warned -- those are the two
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names that dictate where the consumer is going to be. >> so apple warned, apple li amazon warned now it's in the price. now we work higher from here and if the consumer is better -- and we know from the credit companies consumer is better we haven't factored in the lower oil prices looking forward the employment picture is still strong. all the other issues i'm not saying it's great. what i'm saying it's difficult but there is now opportunity here and the opportunity is because you've uncovered value and as we go forward you can unlock the in the short-term for a trade. >> thanks, chris good to see you chris harvey wells fargo. >> tim seymour do you buy what chris is selling, a rally into year end. >> i always listen intently to chris. i think what's debatable. >> thaet's not the question. >> the bottom line is -- he is gone i think what chris says in terms of the rally being exhausted and where people are p. o. box the ditchly than they were say a
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month ago, yes they are. is my sense that people still believe we have the year-end raly yes but forget tea leaves and market sentiment. bond yields? do they go lower because oil prices are going lower oil praises because much bonds possibly but the bottom line is a bigger issue is at growth scare is more important nan a inflation scare. it doesn't mean recession. what it means is if you said 7% earning growth on the s&p next year i don't think we get there and the i don't think the stocks have that. >> the great oil plunge rolls as crude sinks to the lowest level in a year how much worse can it get? the trader weigh in plus small caps could signal a big problem for the market a top technician breaks down the death cross and what it means. check out tilray, the pot stock taking a hit we will tell you what the ceo said that has sharmds nervous.
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welcome back to "fast money. crude oil getting slammed again today, having the where is the day since september 2015 adding to the historic losing streak president trump tweeted oil prices should be lower based on supply opec and russia have been 199ing output as the demand shrinks. >> hal burton, conocophilips deep in red. how low can it go. >> oil is definitely oversold. you don't have prices reflecting fundamentals in my view. saudi arabia says they need to take a million barrels out of the market next year disappointing that has zero impact are impact on price yoinds the statement that oil prices should be lower because of the supply. ultimately they are trying to balance out the market one of the reasons they are trying to balance the oil mathematic is because the u.s. non-conventional continues to pump in which. look at rig counts rig counts are up 22% year over
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year especially the permean base basin. you see u.s. non-conventional is a factor add in the dollar and growth fear, this is the perfect storm for oil. while we don't have the same dollar move as we had back in 2014 that into' 15 they these took oil significantly lower. >> it's the growth scare that's really interesting if you look at it not much has change in the last six weeks close to $80 people were bawling $100 call options saying we can go to 125, 150. >> production has change. >> it hasn't changed that much in six woks. in general there is only so much oil out there in the world pumped out you have to worry about the growth scare tough worry about a strong dollar but at $55 a barrel on west texas, that's the breakout point from 2015-2016 it's pretty close to a bottom. >> it has change though this in front of iranian self sanctions
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and venezuela come off line you had russia pump mother saudi pump more on the u.s. pump more. near-term it's oversold but based on oversupply, not lack of demand but i hear you on the global growth smu. >> i thought you were going with production changed in terms of technology in production on the u.s. side the break even for a lot of producers is lower than here. it's $040 according to jackie kofrpg the oil markets for cnbc. we could feel more pain here. >> steve makes a pint. but president trump was not saying anything about the demand side of the equation because the demand side would fly in the face of -- i understand -- dsh whether it's justified or not i have no idea. you lock at volaro reported a significant quarter with tremendous earnings growth, upgrade at credit suisse down to 80 in about a month and a half at a certain point you have to ask is it overzblurn i don't think it's political
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i think it is the supply glut. with the iranian sanctions supposed to be no wavers now you get waivers for eight countries. and the united states came on really strong. >> but supply a glut. >> united states increased dramatic ke in the last couple weeks. >> that's not why oil is down. >> united states hat historic highs russia at historic highs and saudi arabia three of the major producerers at historic highs. >> here is -- guy brings up an important point. remember who outperformed in lower oil prices -- this is good for refiners and this is a boom time the crack spreads are i had brent spread near its wide energy companies are return for return of capital not return on capital. and i think that's very important. >> if energy -- if oil does not bounce you will not see the subsector bounce energy is down the xle down 8% in a month, somewhere around
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that >> you think that changes overnight. >> you got to look at production numbers. yes it has change overnight. the u.s. production numbers largely increased in weeks it's at historic highs couple that three nations producing more than they have ever produced look at the numbers. >> i feel like sometimes they continue talking because we put the split screen up. >> this was all internal. >> it took them a while to get do it. >> finally got it and felt like we needed. >> the camera guy ran in and got tim and steve. >> nice dust up there. for more on the oil record plunge go to cnbc.com. first in business worldwide. here is else is coming up on fast >> it's the scareyest chart on wall street, the death cross, the grim reaper has come for small caps but a top technician says, don't worry just yet he will explain. plus, we're taking you
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welcome back to "fast money. small caps getting crushed, inching towards a death cross. does that sound scarey good because it's usually for the mechanic let's get to bob pisani at the new york stock exchange. >> not the death cross oh, no there's been a lot of buzz around selloff in tech names and fang but less attention paid to the
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decline in small caps. since the end of september the russell 2000 down 12% performing worse. and there's technical deterioration. let 50-day moving average sitting right on the to 0-day moving average if that drops below the 200 day it's the so-called death cross. and it signifies more short term pain ahead since the end of the financial crisis the russell 2000 has had five death crosses one month later it fell an average 2% trading negatively four out of five times not necessarily long term. it's been positive three months later. these are domestic companies the global growth slowdown doesn't apply. higher rates that's a challenge for small companies. but tariff lows can also affect smaller companies if they're importing parts, for example the decline did begin when
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tariffs kicked in all right a smoking gun. another issue. mall cap companies overall did not report the more robust earnings growth that the large company companies reported and they posted fewer beats than large company companies in the third quarter. that's very interesting. what's it all mean here? since these are domestic stocks and underperform, the market seems to be implying that domestic growth in the u.s. next year may not be as strong as expected now this is really hotly debated right now. i think the correct way to look at this is that the underperformance is not so great right now that it would necessarily lead to that conclusion but i think it definitely bears watching. >> back to you melissa. >> thank you very much bob pisani on small cap. do you think it's the fundamental things tearing at the small cams, the domestic growth, effect of tariffs. >> i do. the irony is that small company confidence is at record lefg we go back to 2000 for some of
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this there is contrast. i will point out the last death cross of significance for the iwm in september much 2015, a terrible period. mall caps did sell off another 20%. i'm not saying we are there. i'm saying some of the conditions are there you have a fed hiked at the end of the year, first hike. markets should have been ready for this dollar was strengthening, growth fears and one of the worst first quarters we had on the market since before the crisis. that is the last history of a death cross. i think the set up is 2016 light. >> and here is a thing everybody talks about the small caps not being aircrafted by global growth. you own the apple byes. >> a big company caterpillar if you own the apple byes and they are slow down and it's slowing down at your restaurant. it does impact it. i think a falsehood. i would be concerned about the small caps. >> they also can't -- they don't have the ability to absorb price
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increases. unlike larger of iners if they have to pay more for something they absorb that in the marngen. smaller players generally can't. they can't afford to absorb the extra cost. >> they absolutely get hurt more the levels you need to watch -- bob talked about it -- it sounded more like a rebirth cross the way he made it sound. >> you're a guy half full tonight. >> i'm always half empty. >> noin. >> with that said, the 145 is where the iwp bottom bottomed in february and now it's reversing now at 150 death cross, is h meth cross 145 in the iwm. >> if wait fog are this death cross keeps you up our next guest says don't worry mark newton of newton advisers says don't worry >> a lot of people worn if the recent deterioration in small caps should lead to a bear market and what to make the of the death cross?
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it's after halloween should he be scared this is leading to a bigger bear market i would argue no i've looked at these over the last 20 years. we had eight occasions, iks is of the eight the death cross happened near the low. if you look at the last couple times this happened, the one was really 2015 right when the death cross happened the russell was right near 1500. well it did in fact get down a little bit lower but you had to weather move up to 2,100 before it moved lower initially here is the cross there. what happened? you went up before you went down the time before that it was very muddled. in general, it's important to remember a lot of times a lot of the selling happens before the death cross actually takes place. in this case we have seen a 12.5% decline and now we see the death krs. i would argue it really doesn't have much predictive value in terms of should this be something to be concerned about? when you look at the russell
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people are saying should this lead to a ber market and over time this is relative russell versus s&p what's interesting is that throughout the entire period of the 1980s and 1990s, the russell underperformed dramatically with what happened with large caps. and the last five years it's been muddled we have had a lot of indecision. the fact that small caps turned done now i would argue has little predictive power and stocks are beginning a new bear market in any bear market you see small caps turn down first then the mid-caps then the large caps you look at 2000, 2007, we did is have death crosses appear they worked. there are plenty of other occasions where they didn't work and it's important not to get too concerned about this or think this is really something technicians watch and when it doesn't happen, you say well everybody is wrong most people don't look at this all that often a chart of the monthly russell-
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i want to point out the longtime uptrend is intact. we did a break of the uptrend since 2006 there has been substantial deterioration, relative strength nearly at 80 on monthly basis, very overbaugt similar to the russell in 2014-a 15 leading to the underperformance we have seen the dr. platz off after the russell hit highs in late augustdropping 12.5%. this sent the rsi down to mid-40s, 50s my thinking is if we rally out next spring, momentum is not making new highs this sets up longer term negative divergence momentum that's something over the next three to five years we should be concerned about. for me death cross fear is on the rise we are seeing financials outperform a little bit in recent days. i think that's positive. and people all of a sudden are getting more and more afraid you see the trend as of yesterday, 1.76, the highest
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level since august in other words, far more volume in decline versus advancing stocks the bottom line is i don't think this is necessarily a time to be afraid of the russell after a 12.5% dip. we did see a rally offer the october lows pullbacks which can happen technicals are negative on the russell that should be a buying opportunity for a holiday rally. >> thank you very much, mark would you be a buyer of russell? >> i think the death cross we agree on the desk is muted at best signal. but you have remember materials are 17%. >> i don't agree. >> what. >> i don't agree what you said before. >> i thought you said it's not reliable. >> when did you say that. >> go ahead tell me what you think. >> i said in september of 2015 actually the death cross -- the very difficult move for markets. and actually i think we're in the same situation that was -- more. >> more times than not the death -- oh, the death cross ha aba buying opportunity it's muted right now
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because the performance of that 8% of the iwms is -- i'm sorry is materials so i think it is a buyable opportunity. >> can i -- ell. >> bring it up again bring it up. >> no, i think, that last death cross i'm talking about that because i think the market has similar dynamics going on. again the russell sold off 15% into that death cross. kind of like what we have done here and then actually sold off another 13% before it bottomed i kind of disagree with the chartist because i think there was a lot of pain after it if you remember the first quarter of 2016 that was a point at which markets actually hit a significant low. it was an oversold low a froegt low and then the russell went on an 85% rally before it peaked i don't agree. >> if you want to look at -- put it this way. we have already -- we're down quite a bit already on the iwm, 145 that's the level to watch. if we get a ka that is rightic move there and reversal, big volume like guy likes that's the
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day you want to look to buy some for that trade and i'll give ut bull he shall setup. we have a fed meeting come up. let's say they go ahead and raise rates but come out in the press conference and are a little bit dovish. that would certainly get this market requesting. >> do you want to split screen with somebody guy you haven't split screen. >> you guys do it together. >> whatever you say i disagree i don't care if i believe it. >> put bk on the split screen. >> you need both of us at the same time. >> bk first of all bk i don't like your shirt and tie. i don't like you at all number one. number two, the graphics for that what did we call death cross -- unbelievable graphics out of the crack staff in the ec kicking. i'm not mark newton i think he left i would get a news letter if i were him called newton's law. >> into the apple conversation from the beginning. >> i like that.
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>> terrible. worst split screen in the history of split screens check out tilray after a earnings report. the stock under pressure there is tilray. since canada official mri legalized weed petition with hear from the ceo about what's next for the high flying stock as tesla ramps up production fill lebeau had an exclusive look inside the gigafactory. he will join us with more on that more "fast money" right after this
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money. tilray falling after hours following the earnings report. meg tyrrell has been listening to the call at headquarters. >> much of the focus of the call was the impact of the legalization of recreational mau. that started a month ago so it didn't impact the quarter which saw wider adjusted loss of 8 crepts is a share. the cfo saying on the call just now that demand is so strong that supply is a challenge. >> with the imbalance we have today with mar demand than supply, everything is selling out. it's really hard to tell what consumers are going to prefer longer term. consumers are limited on form factors. as vape cartridges and edibles and beverages hit the market within the next year, we'll see what consumers want. this is really kind of short-term high demand for every product the consumer can get in re hands on. >> and of course will also a focus on the u.s. and recent political changes.
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the tilray ceo referred to jeff sessions on the call as a drug war dinosaur and on an interview he says the u.s. is behind other countries when it comes to marijuana. but he expressed optimism for this market focusing on another politician and an important house race. >> i also think there was a house election in the texas 32nd where pete sessions lost to a democratic candidate and pete session has prevented a lot of bills to coming onto the floor of the house over the last several years around the medical cannabis and cannabis legalization and so we look forward to that change in the house of representatives. >> so now you are seeing the stock trade up a bit in the after hours on a huge pop over the last few months, a lot of focus on supply back to you. >> meg, thanks meg tyrrell back at rk headquarters let's get tim on he sits on
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advisory boards for kbz stocks for his disclosures go to fast.the cnbc.com. what did you make of the quarter? and the u.s. critical for the companies? because there is expansion articled the wonder. >> this is the biggest market in the world, biggest market now despite what's going on in canada good for tilray this is a company with a significant war chess in market cap. it needs cash and the numbers were fine. on the revenue line where they were supposed to be. on the eps side lost subpoena these continue guys make acquisitions in u.s. with stock overpriced and probably creative earnings not bad what he said about sessions it's important for people to understand i'm not a jeff sessions fan for the sector. but he was the attorney general and he was enforcing federal will you all he was doing. he wasn't dictating new law. the most important side is the legislative side pete sessions out of the house
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and blocking bills to the floor important. the state's act is come. i think it's letting states set up to do what they need to do be able to bank there is other good sufficient coming that's important. >> two major catalysts, the october 17th be he recreations pot legal gas station appear the mid-terms. the whole sector ran into the two dates. right now it's in aprove me state. i am positive going forward right now all of the stocks are under pressure. >> colin allred was the gentleman defeating pete sessions >> on the google machine. >> no i knew because i pay attention i watch -- i just don't watch cnbc i channel surch and learn. >> i just watch cnbc. >> do you. >> i'm just saying. >> split screen. split screen on that. >> that sound like -- we talk about tilray, tim can speak to this they did $10 million in revenue this quarter up from $5 million the same quarter last year. growth is significant. but we are talking about a
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company in its infant i'll station. >> since the stock settled down it's underperformed the sector by 20 per if the sector is canopy it's still expense toef peers. >> tim will be at the one of the key cannabis business conferences in vegas this westbound. the mj business con bying us the developments. >> big. shares of tesla up 30% in a month and today phil lebeau a exclusive look at the gigafactory. >> a couple things stood out not only size and efficiency but use the robotics let's go inside the gigafactory. >> a cliff-hanger tesla is ramping up production what it means for the stock xtne on "fast money.
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phil. >> melissa, we spent the day in the tesla gigafactory getting a sense how the company is pushing to expand battery production while driving down costs a big part of that, use of robots and automation. but that doesn't mean there aren't workers here. there are 7,000 employees working three shifts producing about 5,000 model three battery packs per week look at tesla versus competitors when it comes to battery cell cost this is important, because the industry is pushing to get as close as possible to $100 per kilowatt hour. the estimate from a number of of analysts is tesla is $116 well ahead of competitors but they are catching up. however tesla is expected to main the advantage over the next couple years if you look at shares of tesla can be keep in mind that battery pack costs are crucial to the company making profitable model 3 vehicles because if they sell lower
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priced model 3s they need the lower price battery packs. if they can bring down the cost of the battery cells within the packs they should maintain the margins. at least that's the plan on paper. that's the story from here at the tesla gigaper capita in sparks, nevada. >> thanks, phil. safe flight hope home. tesla up a whopping 30% in the past month as it recovers from pruks and delivery hell and even the twitter hell is the worst over at this point, guy what tuning. >> i don't think the worst is over i've said for a while i got myself really -- i did a decent job of the same for the while but the last four five months i've gotten off side going lower and it went high are. here at 330ish you are smack in the middle of the range of 385 off a breakout and 280 on the downside which has been support. quite frankly i think you flip a coin here. i don't think i don't know which side the coins comes up. >> when they named robin denholm
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that was the chairman. that was the opportunity for tesla a major catalyst if they named somebody with huge manufacturing chops or headline name that could have moved the stock. >>en a not necessarily an insider either and here we are. we can to the double box with fie because i agree with him on this >> double box. >> isn't that how it works. >> only fight in double boxes. >> i got kuchds. >> great tie by the way, guy anyway with, on tesla after this move we have had after all the good news in it to me you're profit take are and let them prove it they have to have a lot of execution in the next couple quarters >> guy has been too hard on himself. you called this. i'm not just blowing smoke he called it pretty well. to b.k.'s point the stock has violent moves up and down. it looks like it had a really violent one up whatever doesn't kill you makes i stronger but that move is over i would looking to take profits. >> as the apple melt downrages on check out skrim era jim
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kramer high on his agenda what's next for the tech giant. >> whoa. >> apple struggles chip mark n individualing lead chips higher. could the rally signal an bigger comeback for semis live from the nasdaq much more "fast money" straight much more "fast money" straight ahead.thepart of you...t 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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>> markets go up markets go down. what you don't give up is your coffee dunkin' brands >> alibaba >> guy >> still stocks showing a pulse, cleveland cliffs >> time to say goodbye "fast money" 5:00. meantime, "mad money" with jim cramer start rights now. my mission is simple, to make you money i'm here to level the playing field for all investors. there is 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 make 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. on a not so hot day for taverns where the dow lost 101 points, the s&p climbed

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