trend. >> eddy, what is the single most expensive sneaker transaction you've had >> a nike air mag was abo about00,000. auto lacing air mag. >> "back to the future ft. shoes. >> thanks for joining us, the founder of goat and does it for "closing bell. >> "fast money" starts right now. >> live from the site, i'm in for melissa lee and pete najarian, tim seymour, dan nathan and fabulous, fantastic guy adami. yeah i'm being nice to you guys and you know the reason. >> good to have you on board. >> why. >> tonight on "fast," the maximum point of uncertainty is how one of the biggest bulls on wall street is describing the market but says it could be your best chance to buy and he'll explain why. plus, stocks like salesforce and

starbucks jumping back to all-time highs today you want to know what names could be next, not what's happened the traders are going to weigh in first we are going to start with the wall of worry for the market stocks are coming off a seven-week win streak. even as we are just two days away or two weeks away from a possible trade war deadline and increased tariffs and one week away, four days now from another potenti potential government shutdown and all of it as it concerns us at the front and center of the minds of investors china, in you believe 66, i know a lot don't even believe the headline, we'll see. here's the thing, all these risks, trade war, china, europe, brexit which we didn't even throw in there. >> it's in. >> shutdown. >> is it -- >> is it. >> we were going to save that, tim. now we'll talk about that later in the show. go ahead, bring.

>> guy adami split his pants that's why he'll be super nice because we don't know how he's going to get home. >> sorry i gave that away. >> safe to -- >> the laugh track. >> i think 2710 is resistance. i thought it would fail at 2550 on the way up from christmas eve and was wrong about that but this level is big to me and i think we roll over safe to buy stocks give than premise i guess no but there are areas that make sense and glyive you two. big cap pharma works pfizer has come a little bit but eli lilly trades well and some in the energy space are interesting. specifically big cap energy has traded well for the last couple of weeks exxonmobil off 68 now trading 74 and holly frontier that nobody talks about, look at the bounce that stock has had over the last couple of weeks, reports on february 20th. i think that's a name you own.

>> i like that by the way the average big cap oil stock is up 10% but you see more left to go. anybody disagree with guy's view >> i would just add some more things to the wall let's throw in the dollar up 2% and is within 40 pips of breaking out to multimonth highs and euro conversely breaking down so you're about 40 minutpis away -- it's probably the biggest dynamic. if you look at where rates are, that is certainly more giving you the read on where the economic growth is but i would tend to agree with guy. i think the way stocks have rallied back there are some places that have proven to be defensive in the growth environments if you believe that the repositioning hasn't already taken place maybe that's another thing to worry. >> you know what i find interesting, this year one of the worst performing if you want to call it an asset class is volatility, the vix, the one of

the best last year, down 37% this year. all the stuff we talked about and volatility and fear gauge is lower. >> a lot had to do with the deleveraging that took place and head thoog a new year has to do with the calendar when people hedge their portfolios and taking that environment into january, far different than it is in late november, in early december so right now we have a situation where investors seem, you know, relatively sanguine at this point but we do have all those things you're talking about where they could be the potential of things to add that volatility back into the market. i'll just say this one point to me when i think about the setup with the s&p 500 up 8% on february 11th and we have all these things that could actually send this back for a retest which a lot are expecting to me it doesn't set up as a great trade. on the long side we're all saying that. that being said a shallow pullback might get bought if we

start seeing things pushed out. >> do you think they will, dan >> hold on >> mike wilson who comes on our show often has been talking about an earnings recession and starting to see that and see expectations come dramatically lower. look at that news out of apple the smartphone and china down 10% in q4. that's probably not getting much worse so what i'm trying to say, the sentiment on a lot of individual situations is getting really bad right now the best case scenario for the market closing back towards the highs in 2019 would be some sort of reset so that you could recharge. >> looking for a reset i agree totally with guy one name i added was merck there was huge call buying so pharma names i look at and a lot of upside to many of them. great pipelines, whether merck forrizer, i like those two when you look around different areas, energy, one of the stock

i was adding to as well and i see richard kinder buying it -- >> pipeline company. >> you say it trades with oil. it trades in a different vacuum. 5% dividend yield and goes through oils up and down and just at 55 then we pulled back pushing towards 50 so we'll see where oil and energy starts to move in the next couple of month. >> they shouldn't trade with the price of the commodity because they make long-term contracts. they're not saying i'm going to pay you more or less not like you go through the holland tunnel and each time is a different toll the fear is can you get new pipelines built? what is the capacity will there be more built 18% gain for the stock this year you don't seem to care. >> i love it i've own i h i' i've owned it before it reminds me of jamie dimon when i see folks adding to their position and already have massive positions --

>> by the way second richest man in texas. >> what the market did in december oil prices had a major correct people, if anything, had been assuming they ran their balance sleets the same way as four years ago. i do like mlps i think a lot of projects have played themselves off. short interest in the energy sector all-time highs so ultimate fear and i think it comes back to positioning? >> you know why? you talking in my space. it's been ten years of just capital erosion in energy and oil and gas in particular. investors, unless you time it perfectly have made almost no money on oil and gas. >> one point talking about what to buy it's interesting the whole maga complex, microsoft, apple, google and -- >> i've heard that before. >> they've gone sideways as the market seems to be levitating and pushing up on vapors and the

other one is oil i put those three things together and say, that is not a great setup near term as the market is pushing just a little bit higher, 50 bips every day. those three groups make me notice, the fact they are not participating up 8%, up 16% from the christmas low. >> dan mentioned -- you mentioned mike wilson before this just in by the way and i hate -- you never know what tomorrow holes pike wilson will be on this show tomorrow that brian sullivan will host, number one. >> i'm not hosting. >> number two -- >> anyway -- >> my show -- >> my morning show starts in like 48 minutes. >> jumped the shark. >> people say, wait a second you think the s&p will roll over 2710 good question. dan asks that from time to time because stocks can do well if the market sells off but big cap pharma didn't do that poorly and these energy names, most of the bad news you discuss are a lot of these names.

that's why i would -- >> is oil because jim cramer has been and said oil has determined the market is oil more important than china? is oil more important than brexit seems to be. >> i don't believe so. >> absolutely not. >> why not >> not a chance. >> look at the charts. hold on. >> the market -- >> i thought you were minnesota chart. put up a chart of the s&p 500 overlaid with crude oil going back five years. go >> minnesota nice. >> when you look at china right now and see the fact that their growth rate now is 28-year lows, right? what does that tell you? doesn't that make you -- you're an emerging markets guy. doesn't that get concerning and a trade war going on and different areas. i think because of that, china is the big story yes, oil is moving around here and there but i think china is going to be the draw. >> you're going to tell meo -- listen, with the exception of five years ago the correlation looks pretty strong. >> throw the dollar up against that. >> right. >> he just told you it is about to break --

>> i don't want to throw out the dollar then it won't fit my thesis. >> remember we had this fear of rates going higher oil got cut in half. and there were growth fears back then. >> this could be a lot like the first half of 2016, excuse me, where we saw oil prices starting to lose significant ground because of the dollar strength but the bottom line is i think the chinese growth at 6.6, this is not -- >> do you believe that number. >> yeah, i do. >> i believe it relative to itself the delta on china is no different. what's happening on the short term, exports out of southeast asia which is screaming higher, we're down 10% to the u.s. in the fourth quarter that's important stuff the question is, if you can solve it it's more important which is what he is say. >> let's bring in somebody else. julian emanuel you sat here patiently you listened to all this

you remain constructive on the market despite saying we were at the maximum point of uncertainty. how come >> because if you look at the last two months you took this huge plunge to where everyone questioned whether the secular bull market, the ten-year-old bull market was going to be over then lo and behold you turned around and you rallied back literally in historic proportion even more relative to the decline back to the 200-day moving average it's not just the s&p, the dow, it's credit, it's emerging markets. >> julian that, tells me one of two thing, either, a, we shouldn't have sold off in december, computer anomaly or shouldn't rally back in january because nothing changed but a date on the calendar. >> plenty changed. the fed turned easier. very, very important. >> the market began to rally before the fed came out and got super dovish. >> about a week or two >> i think -- julian is here let's listen to him.

i think it's all the fed >> so, go ahead, julian after tim interrupted you. >> we were very vocal in suggesting the fed shouldn't hike in december but the fact is that they did and actually if you think about it, they created the tightening and financial conditions that really was -- is the start of why they wanted to back off. they are achieving what is only done a couple time, potential for a soft landing look at the economic data. the sentiment indexes have turned over. there is no question point fact that the rest of the world is weaker but the u.s. economy still looks like it's north of 2% growth. >> you talk about peak uncertainty. let me push back that's what we like to do. peak uncertainty means the vix is north of 25, that's one you mentioned the fed. the fed seems to be easing so where do you see these peak uncertainties? >> it's really the angst when you talk to both the bulls

and the bears, they have very low conviction as to where the next move is you guys started the first ten minutes of the show building the wall of worry. it's huge. there's no question about it in our view it's very much in the price because when we talk to clients we think that they're girding for earnings growth in 2019 of zero to 2% you're going to have someone on tomorrow that will be talking about that. >> 17 times earnings doesn't scare you? >> as long as the fed is staying off the rate hikes it doesn't scare us >> you think we'll get zero rate hikes this year. >> we do. >> could we get a cut? >> we don't think so we look at it this way, we have been on zero hikes since january the 1st. our assumption is if we're wrong they will hike but that's because the economy is better than expected and the market is likely higher. we don't think a cut is in the cards. >> julian, some of these things that we've potential head winds

or things we've identified, i think back to the last time the s&p 500 traded 2800 it was the monday after the g20 when the president told us that we had some sort of trade deal with china. what happened? we just flushed from there we literally flushed from that point on so now we'll get to this march 1st deadline. do you think some of these events could sell the news no matter what? >> no, because basically the way we look at it, there's going to be a deal of some sort whether it's a kick the can or it's something more substantive it's likely going to be kick the can. what actually concerns us in the very near term is if the government shuts down on friday because if you look at it, the one thing that moved consumer confidence over the last two months was the government shutdown the american people won't tolerate it. >> good discussion let's get granular how do we make money what do you like right now. >> our view is that this probability of recession is less

because of the fed, less because of a lot of things, primarily the fed, you want to be cyclical here you want energy and you want, dare we say it, financials, they have been unduly punished because of a thought that there's going to be zero to no growth and in our view they're trading at very attractive valuations and if the fed is on the sidelines one of the consequences is that actually inflation expectations have started to tick up and to the extent you get some sort of stabilization in europe, long-term rates -- >> when the fed gets dovish, there is a semi idiotic automatic correlation between net interest margins will fall, selling everything that's not the way it work. >> generally not but you are at a level where it has been a concern for the last couple of quarters but, again, part of the reason that the fed is going easy is because their hope is they'll have more flexibility by seeing a little bit of yield curve

steepening if europe stabilizes even in the slightest you'll get that. >> julian emanuel bringing class and common sense to the conversation thank you so much. appreciate that. guy, thank you we talked about energy focus on the financials, anybody here agree with julian or disagree that they are a buy. >> financials, i agree i think you said maybe it's about -- i think the recent suffering is because they're leveraged to the global economy. the other dynamic people worried about credit credit is actually overdone at this point i do think that banks are very interesting and on energy prices i actually think this opec, non-opec dynamic is in place i think there's a lack of volatility which means energy is wickedly underperformed and looks interesting. >> it doesn't trouble you guys i know you guys have been kind of bullish on the banks for awhile when you think of 2019, this is the year we're supposed to get hundreds of billions of dollars of tech ipos the way morgan stanley and

goldman sachs, the two in the pole position on all those, look at how they ago and the volatility we've seen and trading, they act horribly look at the spread between the 2s and 10s. i don't see it and to me i actually see the banks acting the way they do much of 2018 the same way as really a bit of a canary in the coal mine when you think -- >> in a negative way. >> in a very negative way. put that with oil. that's why i said a few minutes ago. >> thank you so much good discussion. we are nowhere being done. we're just getting started how about a car that doesn't need any oil tesla in overdrive despite job cuts and new rivals. that stock soaring we'll tell you why wall street is expecting an even bigger rally ahead. plus, a number of stocks within striking distance of their all-time highs so what does dan say all these stocks have in common? he'll let you know. later, guy adami needs new pants but other than that he is getting ready to step up to the

plate to tell you the one name he says could be heading for a major rally, the fast pitch coming up as always live fm times square back after this. ugh? everyone, look at your phones. the design thinking, the digital engineering, security, blockchain, and we will be first to market! yes. when we do we launch? unfortunately, in 2 or 3, hours. why the delay? cognizant is helping banks use digital technologies at scale to advance speed to market.

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welcome back tesla revving up in the face of more speed bumps for the company. now this follows a big upgrade phil lebeau has more phil >> brian, we'll talk about that. mixed signals for tesla investors. today you had t. rowe price, the largest institutional investor in tesla, the report came out from the s.e.c. that it has cut its stake in half. meanwhile you mentioned the up gradecanaccord and that was largely because the electric market is poised to get much larger from here >> we think we've gone from the altruistic save the world type of paradigm which caused buyers for evs and hybrids and we moved to the economics that really drive this forward >> meanwhile, morgan stanley out with a note looking at the growing competition when it comes to electric vehicles

now, this was not a nolte about tesla. but tesla fans glommed on to it and said wait a second there's more competition coming. news flash, everybody knows that adamowi adam saying look at that look, if they build it by 2020 it will be one of many new vehicles coming. in terms of the electric market tesla dominates. if you look at sales last year, they're way ahead of everybody else but keep in mind the model 3 deliveries last year and model 3 was basically only delivered in the u.s. and canada last year, that's why you had the big surge in sales relative to their competitors in the u.s they're likely to keep that lead in 2019 and '20 but we'll see what happens after that and speaking of deliveries, there was a report a couple of days ago that got a fair amount of attention. a reuters report essentially saying that there were major job cuts at a delivery center basically a holding staging area outside of las vegas before

tesla vehicles are then sent to the respective locations well, a lot of job cut there is. the reason why keep in mind they're not going to be delivering as many vehicles in the united states now that model 3 production is ramping up and shipping those vehicles over to europe and starting to ship them to china before the shanghai plant comes on order and that's why it didn't move reuters report about the job cuts >> talk to us about riveon i wonder how real is it? how much long-term potential does this company have >> it depends on how optimistic you want to get. look, they have an impressive collection of executives there who have a nice mix in terms of newer development, in terms of technology and vehicles as well as those who have an established background with other automakers doing this for a number of years and got a nice mix of the two and keep in mind, riveon will have a plant in central illinois

when production finally begins on its vehicles. that is the old mitsubishi plant in normal, illinois. it's targeted for 2020 pickup buyers are the most loyal in the world if there's an electric f-150, will someone buy a tesla la or an electric f-150? we don't even know if there will be an electric f-100 by 2020 but it is a tough market to crack. >> can tow 11,000 pounds. >> that's a lot. >> tesla stock had a good day. guy, it's down 6%. audi, jaguar, a lot of competition. >> right in the middle is 275 to 350 range we've seemed to be stuck in 39% of analysts buy, 33% or so sell the rest are neutral that tells you all you need to know for every upgrade, goldman sachs

after earnings lower their price target you're flipping a coin i'd rather buy if it is closer to 280. >> i don't know where this number comes from. this is all coming after a call where we basically nuclear in the cfo redesigned capex-down and better free cash flow and they annualized their production hard into the fourth quarter and growth for 2019 is the same as in the fourth quarter of 2018. this company, if anything, they have a solvency issue. i can't believe people are not even adding up the numbers in terms of their balance sheet and what's what. >> because we've seen companies with similar balance sheets prosper over the long term more importantly, pete, look at this chart unless you're day trading it for two years you have not made any money. >> i agree with guy. on a pullback, the way you do it, you got to do it with options, the stock is erratic

and know how difficult that is to trade with options on a pullback get towards 300, can't wait towards 280. you put out an option spread and that gives you an opportunity. cash flows are pretty good and tell you what, with larry ellison joining the board there is an independent factor that i think puts something more secure to what we're looking at right now. >> a guy with a couple billion >> he's got a little bit of money. >> they have a potential solvency problem and they'll have to arrange capital. >> but last year they shipped 245,000 cars, 145,000 of them are the new supposedly mass market model 3 you know what that car trades at about 50 grand you know what the average car in america trades at, about 35 grand. when you think about it their promise of going mass market has not been realized especially when subsidies are coming down right now. if you're telling me they got to sell it into china build them here, ship them there, the chinese stopped buying $1,000 iphones last quarter >> who is paying for china

the numbers don't add up >> but we continue to do this. >> let's go to cnbc.com for more on tesla and what may be next for the stock. you are watchi "fast money." we're not done here's what else is coming up. ♪ up up and away >> announcer: a number of stocks within striking distance of their all-time highs and traders will tell you the names heading for new heights. plus, guy adami's pitches have been on fire. now he's stepping up to the plate with one stock he says is about to get lit he'll give us the name a tndhe trade. up more "fast money" after this. for your heart...

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our own seema mody take us to new heights. >> the technical picture is starting to improve. a trend that investors like to see with about 6% of the s&p 500 now trading at 52-week highs and just 1% at 52-week lows. what's more, there are a growing number of companies that hit new all-time highs in 2019 39 to be specific. one of them being starbucks. investors remain encouraged about the coffee giant's better than expected earnings report card and pointing to strength in china where sales grew 18% despite the ongoing u.s./china trade disput shares up 10% in the past one month. another stock hitting a new high, salesforce seen as a bellwether in the cloud sector shares of crm up 17% just this year outperforming the s&p tech sector salesforce earnings are set to be released in early march the question is will more companies join the list?

a handful of consumer-driven stocks are getting very close to hitting new highs. autozone is just 1% away, nike and coke are 3% from their respective highs and mastercard is 4% away but the broader s&p 500 still has a way to go. currently 15.3% off the lows hit back on december 24th. traders are also watching to see if the bench mark can break above its 250-day moving average of 2742. a level it has broken before in october, november and december but it has failed to hold on to that level brian, back to you. >> seema mody at the nyc thank you very much. we thought it would be the perfect time to play a little -- >> trade it or fade it. >> you heard that, brian >> that's right. it's trade it or fade it time. pete, kick things off here nike, 1% off its all-time high guys >> trade it or fade it, pete.

>> fade it i'm going to say fade it because even though i think they've put up amazing quarters and everybody has been loving the stock i look at the valuation trading at 25 times and lululemon trading 24 times and lululemon's growth is off the chain versus nike, i think especially internationally the better way to play that is lulu. rather be in a name like that than a high-priced nike. they have a great balance sheet. no doubt about it. >> i hear you. there are probably cheaper names but nike has proven they're back at the top of their game north american innovation is really the story people want to talk about china, by the way it is blowing away everybody else talks china i pay more for nike because they deserve it. >> can we stop saying athleisure it's an oxymoron i'm going to laze around on the couch -- >> when nike reported december

20th the stock was down $20 from its prior highs and sentiment was bad. they gave guidance on china that was surprising i know north america innovation were kind of the big headline, then two weeks later we get this guidance from apple about china so this is a name as it gets back to prior highs, you want to be careful with. we talk about the dollar they get, you know, almost their sales from outside the u.s that could be a head wind so to me i don't think you chase names. >> it is a fade it another one here, tim, coca-cola, 3% off its highs of last november, still had a pretty nice run up 15%. >> i shake my head while i say trade it because the bottom line is this is a company despite the criticism and lack of top line growth, james quincey has this company moving in terms of organic growth i think they can hold it and what's the price you want to pay, 22 1/2 times, that's not

cheap but i think in this environment where growth is going to be tough i'd rather own a rock solid company. >> brian, this is a stock that march last year i was in hawaii and pitched it and caught a lot of flack because it was trading $43 a share. they said it's overpriced. they've done a lot of great acquisitions when you look at the organic growth there is a lot going on behind the scenes that people don't see plus you get a great yield along the way as well an from 43 to 49 plus a 3% yield is not so bad. >> we assume it's a trade it and put the animation. is that a trade it >> i trade. >> let's move on you got to remember you got to say trade or fade it not similar jargon you use [ all talking at once >> i'm not buying this. >> he fades it mastercard, 4% from its high, trade it or fade it. >> trade it, brian. >> thank you. >> i play the game correctly i'll tell you why. i'm concerned about valuation of nike which i am. you should be concerned about

mastercard look at the earnings growth. look at the last quarter they reported this stock is now flirting with as seema mentioned its all-time high and i think we'll blow through it and the market rolls over here. mast mastercard, one name that seems to be impervious i say trade it and say the word lilliputian fits this. it's a long word to describe a small thing. >> easy, gulliver. anybody want to trade or fade? >> i'll be on the fade it side i love the revenue growth. >> sold to you >> phenomenal what they've done. both challenging each other all the time both valuation is high. >> sold to you dan. >> autozone, 1% from its all-time high. do you trade it or fade? >> i think you fade it here's the thing they'll report in a couple of weeks and i don't think you want to buy stocks like this trading rich to their sells, rich to their space at all-time highs let's see the stock was just at 800 about a month ago.

that was the prior high right when they reported it. back in november, i just don't see any reason to play for breakouts. >> it trades at 15 times, it's got 22 billion market cap. i think because of that one you look at it i know when you look at the chart it's scary but think there's upside. >> is that a trade >> again, say the words. >> he's having trouble >> up % in a year. autozone -- >> i fade this one and think the valuation is closer to 18 times forward. i don't like it. >> where is the -- you don't get the animation? >> it's okay i did it quick, brian. >> right at the beginning. >> that's a sign still ahead, activision blizzard is under pressure ahead of earnings reports tomorrow. it has been one glitch after another for the video gamemaker but could earnings save the stock and investors will explain. plus, guy adami making his way over to the plasma he's warming up to give us what he says could be the hottest fast pitch of the year

especially because his pants are split. stick around california phones offers free specialized phones... like cordless phones,

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and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program call or visit all right, welcome back to "fast money. time for an instant replay back in december, guys, step up to the plate to pitch xilinx. >> internet of things, a.i., all people will talk about in 2019 i think they're in the right space at the right time.

>> now, since that fateful day xilinx has made you 24% on your investment it is one of the best performing technology names so far this year you crushed it that was a fastball down the middle nice work, but the question is what do we do with xilinx now? >> that is the blind squirrel theory but i'll tell you what, now all of a sudden you're going to start to see analysts wake up to the name and say xilinx -- >> guy adami got it right. >> that power pitch was something. i'd stay with it >> just said that. >> all right well, guys, since you knocked that one out of the park we got to get another -- why don't you head on -- >> straight at the camera. >> on the front. >> as tim mentioned i have a split in my pants. you probably don't need to know. that means something, it is a sign and the reason why, because for 15 years i traded something and i traded slide it, earl. i traded gold.

what's going on in the gold market this stealth rally which is why i'm power pitching newmont mining recent merger with goldcorp makes them the big guys on the block. global central bank environment. what does it mean? all of a sudden all these central banks have gone completely out of the way led by our guys and gals, by the way, which i'm not in favor of but plays well for the commodity, that's number two and number three, you know what, the stock has been in a bar market i think it's about to turn so if the broader market turns lower, i think gold does well think if gold does well newmont will do well see the italians talking about maybe selling their gold to sort of make good on their debts, that ain't going to happen gold is in the news and recently you saw venezuela, you see what's going on there, they asked the bank of england for

1.2 billion dollars of their gold back. you know what they said, i can't say it here. it's live tv it's a family show but you can imagine what they said not good for venezuela really good for the gold market. >> there you go. buy newmont mining any questions? >> i got a real quick one. so of the names out there, this is your favorite name but do you like the other names in the space as well or this one specifically because of that -- >> i think newmont with goldcorp is a big deal. a lot of synergy, $100 million in cost savings and have 15 or 16 gold projects in very desirable locations and i think 55% of their gold reserves right now are in the u.s., canada, australia. friendly nations clearly i think that's why it makes it the best in breed. >> best in breed there you go it's time to vote. are we all buying guy's pitch on newmont? pete >> absolutely. guy is dead on great pitch.

i think that combination and the cost savings will be huge. giddyap. >> i'm afraid i am a seller of guy's pick not because he hasn't laid out a very interesting argument but my argument is they overpaid for goldcorp and sector traded at a premium a long time ago and despite that there's better discipline, i don't want to touch it. >> i thought it was a mildly interesting pitch but would be selling it if the only reason you're doing it is because of the synergy, it doesn't make sense gold has gone sideways for ten years. went up a lot then down a lot and gone sideways for the last year i'd rather buy bitcoin. >> whoa. >> wow >> bitcoin over newmont? bitcoin was at $20,000 upside in there. >> guy, guys, you got one buy and after the show we'll all go out and buy you some new pants you'll win either way. the traders have spoken. don't turn around. are you buying guy's pants

vote now on cnbc "fast money." we'll reveal the results a little later on in the show. plus it's not all lollipops and rainbows and sunshine. unicorns ramp up the competition. we'll tell you why the rise of this new class of tech could spell trouble for some of wall chreet's favorite stocks mu more "fast" coming up

all right. welcome back, everybody. popular social media site reddit

announcing a new fund-raising round as it ramps up advertising business the question is, why well, cnbc's julia boorstin broke the announcement and spoke to their ceo julia. >> reddit raised $300 million at a $3 billion valuation up from a $1.8 billion valuation in 2017 that increase is thanks to the platform's 330 million monthly active users about half of whom are between the ages of 18 and 24 according to the company the company also tells us it's doubled its ad revenue last year that number has been reported at $100 million we spoke exclusively with reddit's ceo steve huffman. >> one of the things that's been important to us we can now assure advertisers you are going to have a positive experience on reddit potentially even a new way of connecting with customers free from, you know, abuse and other misbehaving. >> reporter: reddit has drawn persistent criticism for abuse,

harassment and piracy on the platform huffman says they can assure advertisers they won't be connected with misbehavior and also he says this investment will help them compete with the likes of facebook. a new investor in this series d round is chinese tech giant tensent putting $150 million i asked what it meant. >> the financing doesn't change our horizon on those dimensions that much. it gives us more flexibility to execute our road map faster and to potentially be more aggressive but even in the short term we're sticking with our current strategy which is make reddittemore accessible. >> reporter: it is worth noting reddit generates the lowest revenue per user of any of the social media platforms by far but does mean there's the most opportunity for growth especially as the company expands overseas guys, back over to you. >> julia breaking that announcement we appreciate it

thank you so much. so reddit joins the growing list of unicorns, $1 billion private valuation on the rise. could this new class take down some of the legacy players, dan? >> it might and might also do as some of the legacy players have much more mature revenue models it may help decelerate that growth and important point, last week twitter told us they'll stop gives us maus on a quarterly basis and last number they reported was 236 million which is less than what reddit told you last year they booked $3 million in sales and what did julia tell us reddit did $150 million huge runway to go if you're reddit and start putting ads the other point we're seeing vasts in the private market skip up and see i lot come to market. the public markets and that may not be a great thing for some internet services company that trade publicly right now with some sky high valuations woo we've seen blue apron and

snap have traded we might see more competition for that advertising dollar. >> i think also the expectation they can press a button and start accelerating revenues when others are challenged maybe you can't compare them to twitter but twitter has an audience that is engaged is extremely loyal so i think the valuation is still a difficult thing. if they had the valuation they wanted they'd be running the market. >> no way. i mean, the investors gave them this money to actually just get revenue growth not to be profitable the companies on the public market have to show profitable why did we see -- we saw lower profitability of twitter down 10% friday. >> they can't do it right now, in fact, otherwise they'd be public no >> well, they're just too immature right now. >> okay. >> it's also a loose world there's a lot of stuff going on there. i don't know if they have -- the focus of maybe a twitter or -- >> tencent gave them $150 million too and owe part of that

company. they're one of the smartest investors. i would be following tencent. >> coming up check out shares of activision blizzard. they got crushed today they reported some job cuts. is this game over for the gaming stock down 7 1/2%? we'll debate there's the mad man himself jim cramer with the hasbro ceo all fun and games for that stock up 15% since recent market lows. are there more good times ahead? we will find out on "mad money." live at the nasdaq asmoy"etnsig after this ut of money. it doesn't have to happen to you. you can generate consistent, reliable income and preserve your savings from the comfort of your home. sign up for the ultimate retirement solution, from vectorvest. you'll receive step by step, rules based training that has generated 15 to 20 percent per year, over the last ten years. your satisfaction is guaranteed! visit vectorvest.com/ retire!

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activision blizzard hitting a 52-week low falling 7.5% the company will announce hundreds of job cuts all part of a broader restructuring plan the company reporting its earnings after the bell tomorrow now, the year has been full of glitches for the company they lost their cfo to netflix to begin the year losing the destiny franchise with a split with a developer bungee and ensuing class action lawsuit the stock getting dragged down last week by poor earnings results from ea as well as take two and fortnite is the 800-pound gorilla in the room. is there any more pain ahead or maybe is this a buying opportunity when it reports tomorrow >> there is an opportunity out there. probably more on the buy side because all this bad news, think of all the different things you just brought up and losing the cfo and lawsuits, the combination of all those things, ea is struggling, mobile is struggling, something going on in the gaming space that's really starting to really flair

up in a really bad way. >> everybody is playing fortnite >> have these names been beaten up enough that somebody out there would say, you know what, now it's time to own these. >> are you that guy. >> i don't mean me >> he means apple, disney. >> overwatch candy crush. they already bought -- they spent a lot on a deal. well, despite the blizzard of bad news for activision traders are betting tomorrow's earnings report could help save the stock. dan, what are you seeing in the options market. >> yeah, so options volumes were hot today. call volumes two times that of puts and jem what we're seeing is a lot of short dated call buying it. one of the largest when it was trading activision 40 1/2 was a buyer of 2,000 of the february this friday expiration 43 calls paying $1.17 for those, those break even at 44.17, up about 10% from the trading place here's the thing, i mean this

thing has gotten murdered and the news flow has been horrible. if i'm long this stock or thinking about getting long this stock, it's actually a pretty interesting setup for the last month and a half they've been leaking out some of the most hard information and when you think about it this stock has been cut in half from its all-time highs a few months ago. here's the one-year chart. look, when it broke that support, this gap is going to be the thing that ultimately traders are going to kind of track against of filling up here, the stock at 40 bucks, down 5 % from all-time highs i want to make one other point looking at the five-year chart you see that massive run-up here but this breakdown can pretty precipitous. $40 looks like a pretty good support level. here's the thing n. front of earnings, options premiums are expensive so hard to make directional bets just buying calls but that's the way i'd be leaning. >> 40 bucks and the numbers are out tomorrow dan, thank you so much check out the full show. up next, final tras.de

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you should be mad they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. you know what guy used to listen to while he traded gold at goldman sachs >> what? >> i don't know. toni braxton's "unbreak my heart" because twitter is not buying his pitch >> the dance was really good. >> the best. >> final trades. pete >> i'll go with autozone too cheap and the fact they're putting out so much cash giddyap.

>> let's trade it. coca-cola. >> activision blizzard >> you didn't see toni braxton at the grammys you saw me you'll see newmonting. min >> thank you, everybody. "mad money" with jim cramer begins 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. 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 isn't just to entertain but to educate and teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer for all the time we agonize over the prospect of a deal with china wall street doesn't seem to put a lot of thought into figuring out who wins an