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tv   Fast Money  CNBC  January 14, 2019 5:00pm-6:00pm EST

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it, 10% chance six months ago you probably say the default. >> aren't you watching to see how much she loses by if she loses. that could determine the direction. if it's not that much that could help the pound >> and we will see >> i'll be here. >> that does it for "closing bell"! >> "fast money" begins right now. "fast money" starts right now, from the nasdaq markets, i'm melissa. tonight, on "fast," bull says buckle up, we are in for a 20% rally this year. here to tell us why he is so bullish and what will lead the way. plus, the apple inferno leads the way and the tech giant is seeking into the semi-space and earnings season officially under way. citigroup jumping a low hurdle and rallying despite a rally
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the stock is up 4% we still have a lot ahead of us this evening did citi just give the all clear signal or is this just the calm before the earnings storm. what do you think. i think it would be crazy for us to say this will clean up. this is a sector beaten down, we all know last year, tough on the financials the fact there's negative news overall, the thick number absolutely awful the loan growth was good equity trading was great, i thought. you look at all of that and piece it together it wasn't something so positive and the initial reaction was right, down when you flip it around, great news, i don't think there were numbers across many metrics there. the fact we moved higher is a good sign. it shows people are willing to
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put good money to work >> a good reaction to bad news >> they will have $2 billion more in revenues than the upcoming year. we've been worried about their credit quality essentially you saw the credit quality remain very very high. interesting, this is a case of a glass half full when many people used to see it half-empty. they're down 4% year-over-year for this quarter and say, hey, that's not bad for a company during difficult times could not be cost-efficient and doing that now in a difficult period. i think there was a low bar but far from bad in trading up less than bad >> does this speak well about the financials this week >> i think so. i agree with tim, though, it really wasn't bad. >> it wasn't good. you look at the reaction, was 4% up good? >> it shouldn't have been here that's the thing that made this decent earnings. it shouldn't have been here. you look at their return on
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equity, they're getting over 10 1/2, a little higher actually that's not terrible especially for a stock that trades at eight times earnings 80% of book value, that's improving and also has a dividend yield it shouldn't have been here. it speaks well for, if -- part of this things that i think made citi trade well is the economy of the u.s. pretty healthy and different as the market reflects all kinds of fears of the economy going into a recession they're not seeing that. that was helpful to the extent they're seeing loan growth, i wouldn't be surprised if jpmorgan had that as well. that thick number. bank of america is in their own area, they haven't done as well. i think it speaks well for the other banks. long growth, we'll see tomorrow morning. >> i think it has.
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we will have a whole host of reporting, jpmorgan and wells fargo and goldman sachs and bank of america the most important thing to remember here is the banks crashed in december. we saw bank of america, wells fargo -- we saw them do down 20% in a straight line the last time we saw that sort of behavior by u.s. banks was during the sovereign debt crisis in europe in 2011 and 2012 and then we have to go back to the financial crisis when we saw that and the volatility. you just said that, they shouldn't have been here you had this reflex move back up the last couple of weeks it's been a massive move most importantly, it may not be good enough to take it to several areas. >> especially the revenue number, the fact it's down 2% year-over-year if we're going to be as confident as we normally are at this desk, they have to beat on
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numbers. if they match on a few, that's fine the fact they missed as much now, is it more citigroup specific, that's something we will find out. the thick, how deep are you in some banks are absolutely involved there morgan stanley, i would say for instance, after looking at the equity trading for citi, if there's a read through tells me it should be strong at morgan stanley. >> dan talk about how painful it was for the banks and talked about it on their call and the credit spread there was zero trading activity >> they also had equity activity >> they had good equity activity it speaks to what we talk about all the time in december, this was a market that seized up we talked about credit and high yield, 2 1/2 year lows and hadn't seen deterioration until then all my high yooeld traders said
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bids were getting a hard look. yield. the markets didn't trade with a ton of liquid. they seized up and nothing happened. >> volatility is great, unless it's going down down down. up and down is great for any of these guys all down is not good >> no trading is not good. citi did call out foreign ex changes. in thick, that was more of the problem. they also did say we're seeing things better since then >> would you rather -- >> you did that earlier today. >> i'm not going there i asked at the top of the show whether citi was the all clear for the earnings season in general and dan raised a good point in december the whole markets went down and we should not have been there specifically for the banks. when you look at the bad news and read through the earnings, it's okay to have earnings
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quality eps not as strong because of a lower tax rate and revenue miss there's leeway here. >> there is leeway absolutely. we have talked about names that have been absolutely bludgeoned and hit on the downside to the point if they don't have growth this coming year, i think they're still buys the banks have something to prove. >> last year was -- >> i don't think you can extrapolate. >> the banks are the lifeblood of our economy and the fact they crashed in a straight line in december, that is very troubling. if citigroup is as good as it gets for this period as far as reaction of the stock, we will have a very volatile year the next few months for the rest of the equities >> i can't accept the fact the loan crashers, semis were down
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7% i get the fact the banks could be seen at the epicenter -- >> what about bank stocks? >> i didn't hear your question because i was talking and you interrupted me i can't hear you >> it's apples to oranges. >> what is the question? >> the question is what is more economically sensitive banks or semi-stocks >> i think semis semis proved it. >> as a business or stock? as a sector. >> we won't agree. you should probably move on. >> you say banks >> of course it's banks. it's obviously banks >> don't be silly. >> is that what you said last week, he was being silly >> yes >> i'm a rascal. what can i tell you. our next guest, says a mega rally is coming for the market steve, welcome to the show i will start this interview in an unconventional way. i will ask this desk what they think of your prognostication,
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up 20% for the year. show of hands, who believes the markets will go up 20% this year >> by the end of the year? >> by the end of the year. steve, you think the markets will go up 20% by the end of the year >> that's fair we just talked about the fact the markets shouldn't be here, the banks shouldn't be here. we don't think the market should have ever been at 2350 at 2350 in our mind, you're pricing in a recession if you don't have recession -- we think there's considerable recovery, if you look at the non-recessionary pullbacks, 10, 15, 20% pullbacks, you fall and takes a couple months to double bottom it's 20% over six months and 30% over 12. we think at $170 in earnings, the pa multiple can get back to 18 times that's lower than it was a year ago at this time we think $170 in earnings is no more than what the consensus is
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looking for. we think it will take time and volatile season will be messy. if there's no recession, that's where we're headed >> the market is not a monolith, right? >> yes >> do you think that broadly, some lead the way and others are laggards >> the feds are a game changer, and a source of volatility almost looking like a prisoner pulling out his impromptu presentation, i will never again. >> cyclicals, small caps, dividends, all the stuff that got hammered in december, that really took it on the chin, that's opportunity it's scary to buy those right now but we think that's where the most opportunity lays. >> when you talk about not having a recession and you don't think we're having a recession, and that's fair. by the third quarter, i think it's difficult to argue against it being late cycle, we won't
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get two consecutives months of the growth, and where banks have been at this stage of the economy, and by september, we could have a different look. >> you have credit spread, unemployment claims, what they're doing and housing starts all of those deteriorated off their best levels. none are anywhere near recessionary levels and those are leading indicators of recession. as you get to that september part of this year, you will have gone through that earnings slowdown going up 5 or 6% a quarter. a reception will come and kill it but not the end of 2019 >> you look at separate as highs and closed down 7% and more than that at its lows what are the catalysts in 2019, if we can all agree we're in a late cycle economy, what are the
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catalysts for the stock market in the u.s. especially with the backdrop of slowing economic data in asia and europe, what are the catalysts? >> one, the fed being on hold is a big one because they were pricing a rate hike a quarter between now and the end of days. i don't think that will happen i think we will get some certainty on trade whether it's everything we want, we'll see. when there's certainties, companies can start to invest again. the third thing, because of that weak data, the bulls are trying to play it a couple days out but the data is usually the fertile ground of the bear central banks won't lead themselves to the end of the world. neither will governments you will see stimulus worldwide by the end of this year. you already saw it in china and removed the rate hike in the u.s. the idea that it will hike this summer, of course he's not. >> i will request you the same question dave wanted to ask tim.
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what is more economically sensitive in your view is it banks or semiconductor stocks and which sector do you look to? >> that's a great question >> if that falls -- >> let me split the needle in terms of trading semis tend to be more cyclical. however, banks are the transition mechanism through the entire economy there's a belief ifyou have a slow downed in housing or market you will have an '08 style collapse you don't have the transition in banks you had 10 years ago because they're so darned healthy. all cyclicals got hammered financials weren't the laos of which looking at industrials as a whole. energy the entire cyclical got hammered because of the pricing in the recession. we don't think it happens because you take the over. >> steve, thank you for coming by >> i will go with you. you did not raise your hand.
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>> i'm generally bullish, even in the market we have right now and have uncertainty out there the reason i didn't raise my hand nor the 20%, it was an extraordinary move if the number was a little bit less, 10, 15%, maybe there's a chance yet there were pockets so overpriced, no doubt about it. when we bring up this area of ps and p, i think industrials are cheaper. financials are cheaper those could lead us to the upside 20%, i don't think so. >> which areas of the market do you see close to 20% or as close you can get to 20% up. >> i think what pete just talked about. possibly energy or anything levered. that would be one. some retail way overdone, i could see 20
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coming up, micron and western digital waving a red flag as chip stocks. the biggest car makers are going electric general ford and others trying to take on tesla can the car stocks catch up? pete says there's one stock in the sector. gives the name when he steps up chor"ft neate. mu me asmoy" right after this 300 miles an hour,
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welcome back to "fast money. automakers are in high gear at detroit's auto show and tesla and ford and gm are rolling out plans for the electric car market phil is live with the story. hey, phil. >> reporter: hey melissa, tesla is not here at the detroit auto show but no doubt tesla is an influence with the automakers. there's a greater emphasis now more than ever to develop electric vehicles more than a niche model here and there talk about vw talking about building others in chattanooga, tennessee. talking about the development of electric vehicles, saying we
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will have a surprise sometime next year. then cadillac for 2021, i asked the president of cadillac, how much are you benchmarking the success of tesla, what did he say, obsessively >> here's more from steve carlisle >> i think they've done a lot to popularize electric vehicles and get into the minds of consumers. i think that's been very valuable then push the envelope in terms of out process and made everybody sharper on their game. i think we ought to wait a while to write the whole story we don't know what happens when evs are on the scale for distribution and customer experience for a profitability perspective, i think we ought to wait a little while before we write the whole story. >> that story is starting to be written in terms of ev sales in the united states. look at this graphic
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this says it clearly if you look at tesla sales in the united states, last year, 200,000, that easily dwarfs what was done by general motors, nissan, bmw, they almost equal what tesla did last year in terms of sales they don't even match it yet bottom line is this, tesla -- no one is saying they have won the electric vehicle race, no doubt automakers and executives are no longer pooh-poohing that i talked to executives at the detroit auto show there is now genuine not only respect but a little bit of what's next from tesla? how do we catch up with what they're doing? nobody is saying we can't catch up but certainly on the minds of automakers on this auto show >> thank you phil lebeau from the detroit auto show. lots of good stuff coming out of that stuff >> as quickly as tesla was able to ramp up, i would think the
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bears would say, so can gm and any car manufacturer able to produce on mass scale already another kind of vehicle. >> i would think that kind of competition level will escalate rapidly. you have to wonder, does tesla have something they don't have, that factor of, we've got to have it, i think tesla still owns you look at the electric market and what's out there, you say, these guys are the king, they still command. i think the american makers have to go very aggressively if they want to and make these things look better than in the past to compete with the teslas of the world. >> comparing a bolt to a model 3. >> not even. >> i think it's a great car and wildly overpriced. i think there's a lot of questions about the validity of a lot of their numbers i agree with pete, tesla is a beautiful car. people that own it are almost
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bulli bullish unanimously on the value of the product most are apples and oranges. if tesla is priced only as a growth company at some point their day of reckoning is company. no question operational excellence has to enter into the equation and that's definitely not there. >> interesting you talk about bmw, i think of tesla and the average price was $55,000. the average price of a car sold in america is $34,000. they may never get there maybe the germans competing with them on the high end one of the things really interesting, when we saw that ford executive, he won't dismissive remember in 2007, apple introduced the cell phone and the kings of cell phone were motorola and nokia, they were dismissive of them coming in to do something different they talked about profitability, they haven't been able to do it
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profitably yet, and if they start competing with bmws and may never have it. >> do you want to see them go into the market when the profitability is a little bit of a question mark? >> i think they have to and i think barr sees it as an existential for gm and put resources there. this has been a monumental shift over years i think gm can compete, not reflected in their stock price but i think they can compete >> for more on the detroit auto show, go to cnbc.com in the meantime, here's what else is coming up on "fast." >> i am going to be a very rich dude >> if you want to be rich, too, our top fund manager who beat the market last year says she has the one key to getting ahead in the markets this year, too. plus, health stocks are
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lagging behind to kick off 2019. but pete is stepping up to the ho r ie th one he says could b a meunn the sector much more "fast money" right after this and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life.
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welcome back to "fast money. more turmoil in the tech space check out apple. more pressure as they are warned the service business is slowing. two tech stocks. let's get to the stock exchange for the details. hey, bob >> melissa good to see you apple had a tough day, down 1.5% and under-performing for the year, up 3% for the year
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plummeting iphone sales in china and peak smartphone talk all the rage these days, everybody is giving advice to am. for example, one saying apple needs to boost its service in china and buying something, other entertainment. buying something is easy advice to give when you're sitting on $200 million in cash thank you, wedbush >> and barrons said move deeper into gaming and buy nintendo and the stock was downgraded raising doubts about the sustainability of its $2 dividend and it sent the stock of rival micron technology by 2.4% anybody surprised? i bought a 4 terabyte western digital disk drive and it would
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have cost $400 four years ago. prices are plummeting. even flash memory, mand, is also dropping and western digital has lost shares to seagate over the past year there's good reason to be concerned about that $2 dividend, and that 5.4% yield. none of this is shocking, the market has been taking down earnings estimates in technology in general earnings were expected to be up 5.2% in 2019 for tech in general. they've already been cut in half to 2.6%. the market's already adjusting to this new reality. back to you. >> 4 terabytes, that's aheck o a lot of storage, bob. i don't know what you're storing. you can use a cloud. >> i use a lot of photos and itunes, 4 terabytes for $60.
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i can store everything i have. >> stocks have done well for 2019 so far but can they weather the storm? >> another sector that crashed the end of the year. it had been declining all year long, not just pcs, industrial, data, a lot of things were slowing. you saw this inventory build in front of all the trade tensions and saw business come to halt in the second half of the year. it wasn't good if you are a component to all this other stuff. evaluation, people say you're doing good to make it out of 2019 i don't really see a catalyst the past two months. >> i feel it's been down on the semi story a lot over and over again. what is new there, i don't really know. the services, if that part of the story is beginning to crack,
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that is problematic. the semi part of the story is priced in. >> service was always your peak thing. >> service service service and wearables, is it slowing down, i would expect it is with the fact their phones have probably slowed enough we're starting to see enough of effect from that i think there are semis you can look at. if you're just focused on the memory part, that's really tough because it's such a build-up right now. i think there are names -- intel is a great example, that and nvidia i say this everyday, i'm still amazed, at $200 a share, everybody loved it trading 71 times. now trading 21 times, $150, was $130 and made a nice bounce. i think those are two things you want to own. >> i don't think it's fallen off the cliff but in d ram, a major
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overhang and won't change it you here mike talking about ai the demand is six times higher on d-ram that's something that hasn't been a core part of their evaluation despite 30% off micron from christmas eve, it hasn't broken out of that and until it does you have to be careful >> that means you're skeptical of the entire market >> micron gets painted harder than other sectors semis are still in that downtrend. >> this will be the third year in a row that unit declines year-over-year and why they don't want to tell us how many units they are selling service is a lagging thing we will get new data in a couple weeks was only up 17% year-over-year that's a reliable number and on that user base growing and
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sequentially, up 5%. it's growing, especially if the high end phone market is saturated and ner make it in the growing market, and if they can't, they need to expand their ecosystem and what they have been 12 years. one fund manager says she has blown it out of the water and here to tell us what they are. and pete stepping up to the plate. hew did he get there so fast one alth stock about to see a major break. what has him so bullish when "fast money" returns but today, a new frontier has risen. and this is the vehicle crafted to conquer it. kath in hybridall-wheel drive.
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welcome back to "fast money" first. it was the white house, now democrats are taking on drug companies, the house oversight chairman sending out letters to a dozen companies asking for information on their pricing practices. will the hill's battle ultimately hurt healthcare costs. >> i feel somewhat worn down by this about the sector. valuation and at some point the balance sheet became too compelling where we were giving back a lot of capital and the
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market was in a defensive mode and these were the best ones to play i heard this story from both sides of the aisle it gets a little tire assume i'm not telling you drug prices are a wonderful thing for people let congressdo their job on this they're barely doing their job on anything now. i think this continues and not necessarily why you want to trade this sector. nothing on this conversation that changes my view >> they can't agree on a border wall but both sides can agree drug prices are too high that has not changed you have the state of california coming into this debate saying we want to use our position as the most populous state to lower drug prices as well. they're feeling it from all different places are i canadian about that? have things changed enough to start getting concerned? >> i share tim's point of view, it's great politics, actually. i'm so skeptical about their ability to get done. they haven't in the past and why over and over again have these
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efforts failed maybe california is a little different. if you think the drug is priced in already that's skepticism and a good place to hide >> there are very few issues as unique as drug pricing, populous and works on both sides. if there was ever a place for a compromise, i don't think there's too many voters out there disappointed about it. it's not ideology unless you're a pharmaciologist. >> give us your fast pitch >> he was talking about evacuations a evaluations and the pipeline, and pfizer is a great company who had a great 2018 we have to see if they will repeat that or do better in 2019 but what i like is the ceo, been with the company over 25 years
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he likes the way things have been running a coo and on the innovation side already. because of his background we already know who he is they won't go out and look for massive acquisitions they'd rather find built-ons already out there in phase two and phase three. because of that, you're very solid there. how about fundamentals a company with free cash flows of between $17 billion the buybacks, they shrunk their share account by 14% the last decade as well this is a company very committed to you, the shareholder and why i owned it as long as i have, probably going on 12 years now this pipeline does excite me there's not a lot of growth in revenues now you look at the earnings you see 25-30 drugs in the pipeline by 2032 will make it in
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the market, 15 are in the blockbuster category, that says a lot to me. you look at that tim talked about pipeline, i'm talking about that and what you get excited about. >> you are talking about the product pipeline i think this is the place you get re-acceleration. is there a name in that pipeline that gets you most excited for short to medium turn >> i have to tell you this the important thing i didn't mention, four different drugs in the cancer area actually got approved last year they are getting the fulfillment they want out of phase 3 by the time, they're spending $8 billion every single year on r&d. this company has a lot of depth in that pipeline so i don't know i'd pull out one specific drug right now. >> how much do you think the market has priced in fear of drug pricing being an issue? >> they probably haven't, karen. you look at this stock it actually had a pretty amazing
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run the end of last year and we haven't seen that in a long time it got a little choppy now, between the president and hearing from the democrats as well coming after the different drug pricing, thick that's an issue. i don't think you can say that's something you can't look past. you have to realize when you look at the fundamentals, we know the fundamental story and i don't think that part will change particularly as to the pipeline and what is coming until 2022 >> are you buying dan's pitch on pfizer dan, what are you saying >> i'm not a buyer i think the pricing issue and acquisition could make it heavy. >> you're afraid it will buy something. >> yeah. >> karen >> i would pass also because of the drug pricing issue however, if i were to be in the space, this or merck is where i'd go >> tim >> i tell you, pete, i'm in
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there. i guess i don't matter anymore i'm a buyer and important for the stock. the risk around this market doesn't change there is a risk attached to new products and concerns me on the bottom line. >> are you at home buying this advisor. vote pete is losing so far. please vote. want to beat the market? of course you do one tofup nd manager's three top stocks that could make money next year. for aspaceship.fit hang on. radar that senses things the human eye can't. busted. and the ability to make a thousand decisions before you even make one. was all this, really necessary? what do you think? ♪
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welcome back to "fast money. while 2018 was for the broader markets, one fund stayed above ark. joining us is ark ceo, cathie wood you have a lot of picks and one we talked about already is tesla. we talked about how everybody at the detroit auto show has a target on tesla's back and want to scale up? >> such validation, it's so great. i love it. i love it. validation the market is -- we believe the
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transportation industry is going to shift wholesale to electric and tesla is ahead of the pack way ahead. >> why can't gm or ford or other production makers with production expertise ramp up just like people did tesla's ramp, why can't they do it >> it's dna. tesla is ahead in three important categories it would be very hard to catches la when it comes to battery costs. batteries and battery cost decline, battery technology. when it comes to artificial intelligence chip, it has its own. everybody else will use nvidia their design cadence is 3 to 5 years. tesla is every year to 2 years completely different dynamic the third dynamic, which will be really difficult to catch is the miles of data they have collected from their own customers. more than 10 billion they're adding more than a billion a quarter, well more
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than a billion a quarter google waymo, the closest behind them is maybe 100 to 200 million miles worth of data. that's what powers an autonomous vehicle and where we're going. >> in terms of batteries, their costs for battery would be higher because they don't have their own batteries or is there a way to source other places. >> two reasons, we do believe they need to vertically integrate. volkswagen is the first to announce they will do that the second is they are all operating with lithium ion pouch batteries, not cylindrical batteries tesla is tesla is riding down the cost curving much lower than that lithium ion pouch. in the early days, no one wanted to do batteries this way
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they made fun of tesla for building its car on top of cell phone batteries that would blow up they have done an amazing thing in terms of an engineering view and no one else thought was possible >> a couple picks you like apple, you like apple. in terms of the themes overall in 2019, you like themes like gene editing, right? 3d printing. are these 2019 specific themes or themes that have existed in your portfolio from its inception. >> we have a five year time horizon. these ideas you're talking about we just published todayon our big ideas report, on our site, art-invest we think there will be proof points for editing they were mauled at the end of last year because of the crisberg twins this year, we will get proof
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positive, we think that editos's therapy will help cure pediatric blindness. we should get those results this year >> specific catalysts to between 90 >> they have populated human trials and will take six months to maybe six month for this gene therapy to take effect by the end of the year, we should have an answer. it works in mice, non-human primates we think it will work in humans. if i had told you in the late '90s, the tech and telecon bulb we would see things like cures for cancer and diabetes, my guess is the three companies with the foundational patents there, which would be the three i mentioned, they would have scaled to $100 billion dreaming the dream, they can't even get to $5 billion, the three of them together this is completely misunderstood technology >> one last quick question
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because we're out of time. this is fascinating to me. 3d printing we talked about a long time ago when they were fads why is it 2019, this year these things will work >> a couple of reasons the fad was all about consumer that's not where 3d printing is going. it is being integrated into aerospace companies. it cuts costs, weight -- >> we knew that. no it's taken the faa a long time to approve this. finally, companies like strat tises is being integrated into airbus and boeing planes our director of research says every part is a performance part because they're so much better you combine 3d printingwith machine artificial intelligence you can cut weight by 95%. those companies buying airbus, gross margins in the 15-20% range, you get a cost cut of
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15-25%, that's an idea and we have to do this throughout this plane. they're on 0.1% of these plains right now and could get to 20% of the planes. >> by the end of the year or decade >> no. this is sog where we will see these companies talking about 3d printeding, something, and it takes a long time to get into it you will find a foreign lab, a private company, 10 time sales they're dreaming the dream in private markets. public market strategies in these planes, 1.5 times sales. >> fascinating, cathie, we hope you come back soon >> you guys want a lot of ideas, you heard a lot of them. stratus has a lot of money and basically no debt and she laid out five years for this next company. a good idea.
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general electric surging off its lows last month and the rally could continue let's look at our cramer cam, one retailer he says is a bargain buy right now. much more "fast money" still ahead. otmetrics say is number one in the nation? sure, they probably know what they're talking about. or the one that j.d. power says is highest in network quality by people who use it every day? this is a tough one. well, not really, because verizon won both. so you don't even have to choose. why didn't you just lead with that? it's like a fun thing. (vo) chosen by experts. chosen by you. get six months apple music on us. it's the unlimited plan you need on the network you deserve. now buy the latest galaxy phones, get galaxy s9 free.
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soared off its lows sparking a flurry of the options market dan has all the action >> two times that of putts it caught my eye when the stock was a little below nine bucks, looks like a trader sold to close 11,000 of the june 2010 9 10-calls for $1.23 the charts are interesting on this one this thing had a horrible 2018, got a little bounce here i think it got a little below 7 bucks here here's the one year chart. this is when it seemed to have some support that's why i think this level
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had this bounce near $10 and below the levels last year here's the problem with this chart. i know these guys have a lot to say about the fundamentals of the company. the technicals are down right horrible draw that line, downtrend, gets you down to 10 bucks there's still a lot of resistance anybody who did not buy this stock in the last two weeks is down money and will be looking to get out at some point with a little liquidity with good news. >> i look at this as a large collection of assets hopefully they can do something with, either the businesses will individually turn around, industrials have been a tough place to be. as the stock trades higher, people will feel more confident and easier to roll over debt they have. i have 2020 leaps. i think there's a reasonable shot they are able to do it but the leaps allow me to know what i could lose if they misjudge a
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fair amount of liabilities and worse than we thought. >> visibility is where it comes for this company we want to see some kind of recap and could be smaller than people think, if you get it. i think the trading in the stock has gotten to a place you've exhausted the active sellers some of the parts still works. ti""rieck out the ""options acon fday, 5:30 p.m. up next, final trades 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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from capital one.nd i switched to the spark cash card i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet?
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welcome back time to reveal pete's pitch on pfizer you know the drill cue the toni braxton remax sorry, they were not buying your pitch. it came in worse 64% said no. >> i will double dip anyway. i love that toni braxton i picked pfizer, how about merck, too this thing is going higher >>er with not necessarily saying the banks are in an environment they should be kicking you know what, bac out in a couple days get there. >> this remix is awful >> i'm very much in tim's camp jpmorgan tomorrow, we will get to see the cream of the crop and deserved a premium evaluation
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and doesn't have one jamie dimon. i think you sell the whole group if banks are higher tomorrow i like cathie's strategy >> that's fitor us. enjoy toni braxton and the remix. "mad money" starts right now i'm just trying to save you money. my job isn't just to entertain but to teach you call me at 1-800-743-cnbc. or tweet me @jimcramer are we in a situation, a situation where the only thing we have to fear is fear itself

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