at 6:00 p.m. after ge got a boost. mike, we are heading into a friday on a very strong week for the markets. what should we look for tomorrow >> we were looking at the actual levels of the s&p. can it get up through these levels and i think that's where we are tomorrow. >> thanks for watching, everyone that it does for "closing bell." "fast money" starts right now. live from the nasdaq market site overlooking new york city's times square, i'm melissa lee. we are just hours away from tesla's big reveal of its new crossover suv, but will it live up to the hype gene munster will be here. check out shares of ge surging today. the stock is on track for its best quarter ever, jim cramer just sat down with larry culp. apple launching a new advertisement all about privacy. let's get to josh lipton in san francisco with the details.

>> melissa, apple just introducing a new commercial focused on privacy it's going to roll out across the u.s. through march madness and focus on privacy apple is going to hammer home a codifferentiator for the company that it sells hardware, and that apple can be trusted with your data privacy we knowthat's an issue front and center for investors and consumers. "the new york times" just reported that prosecutors are conducting a criminal investigation into data deals that facebook made with 150 companies, including microsoft, amazon and apple though apple will be quick to point out that its users always had to grant explicit permission before sharing photos or contacts with the social network. more facebook news here today, its chief of product, chris cox, is leaving the company melissa, back to you. >> josh, thanks so much. josh lipton in san francisco

so is playing apple a dangerous game, touting itself as the proifacy company at the same time pivoting into the data service? they're more reliant on these services and they want to go out and be out in front as the privacy company. >> don't you think it's better to get ahead of it now than six to nine 3407bmonths when it is privacy problem. i think it puts facebook right back in the crosshairs to me facebook is the biggest story tonight. the move from 145 when they reported earnings back in january to o170 to be a lot of people by surprise, myself included but i think there's huge risk there. headline risk? without question i'm one that believes the stock trades right back to the levels we saw in late january which is give or take 150. >> in fact i wrote about this in an op-ed on cnbc -- >> 2018. >> in 2018

the companies that use technology to make your experience better and enable you whether it's hardware, certainly that's apple, i think that's amazon i think investors give a premium to those companies i think companies where technology is something where they're using us is a dynamic we're facing and facebook is wrestling with it and google is wrestling with it on a different level. to me it's aninvaluable tool o the internet for many people facebook, if you look at the stock, we're around 170 in the stock. it's rallied back and come back to a level that effectively it stalled out at even on a rally back off the worst of the news and for me this is a company in transition it doesn't mean their top line isn't extraordinary. it doesn't mean that it's not a great valuation. i will go on to say facebook has continued to underperform. tech, which has been the place to be for the last two years, that's with or without some of these headlines. >> facebook underperformed in the session. it is down 1.8% on these departures how important is the loss of these executives

>> i think the most important thing is that we have sheryl sandberg an then we have mark zuckerberg in place. obviously a ten-year leaving and the way he left in that statement was interesting. he does not seem excited by the direction this company is going. i think facebook has topped out for a little bit the stock has had a really big run. i want to go back to that privacy statement by apple i think it's really interesting. we saw tim cook kind of pick fights with mark zuckerberg at periods last year when mark was going beforecongress and that sort of thing. let's remember that apple is going to have multiple -- this is going to be the third consecutive year from apple iphone units are not growing we know services is a really important thing. it's really important to have value-added services from other suppliers. picking fights with facebook and google, which pays them $12 billion a year to be the default search engine browser on their phone, i don't see the upside of ghegt the getting in there and spitting in

their face apple needs to keep this hardware growing. >> what is the upside in terms of how much do they gain in terms of customer loyalty. are you going to subscribe more to apple services because you think they are a privacy company? and to dan's point, will they lose some of the people who pay them money, right, that they depend on? >> they could certainly lose them but if you listen to katie hubertie and she upgraded apple and 197 target is the same target, but i think, mel, it's interesting because apple finds themself in a spot where i think tim cook wants to separate himself and say, hey, look, we are the proivacy place to be. >> what does he gain from it >> i think as they build out their systems, and i think their systems will continue to change over the years woe all know now services is becoming closer and closer to a 15%, 20% of the revenues and now wearables. that was the big point from katie today, just the incredible

growth that they have in wearables right noise unbelievable and some of the record numbers they're putting out there. i think with the 1.4 billion users that they have got -- active devices, rather, that they have got, they just want to separate themselves from the rest and this is one way they could do it. >> i took her note it was all about china. >> that was part of it she talked about stabilization why was that because in january and february, the prices came down and people decided they were willing to buy it. >> apple has made a major stand a few times in the last few years, whether it was terrorist stands where phones needed to be unlocked apple has been out there fighting for your privacy. i think there's an absolute difference in perception of how apple is there to represent the interest not only of their clients but the people -- >> hey, mel, on the facebook story which i think is fascinating. the stock is down 2% during the day, a little less than 2% now you're down another call it 2% it's interesting, if you go back

to january, zuckerberg has been butting heads with that group at whatsapp since i don't know how far back he said he did not wanting the eco-systems to all be one and that's the fight that he got from the chief officer as well as the vp. so the fact they're leaving, is that the reason? >> this guy is buddies with zuckerberg. >> he might be buddies, but they have totally different views on how to do this. >> all of a sudden they do this year they do. this is what -- this is the story. it's not that the whatsapp who cashed out for $19 billion five years ago left in a huff this year >> these guys are leaving in a huff. >> this guy was in lock step with zuckerberg -- >> he was but he wants to mesh these systems. is instagram the same people as facebook really not, right? >> it's the users. the users. >> those are the same folks that are actually snap competitors. each one of these silos has competition. and different types --

>> so you think it's a bad sign. >> i don't think it's a bad sign this is zuckerberg saying, hey, you know what, you guys are stuck. you think we should get all these systems together i don't want to do that so let's part ways and it's all good. >> so it smooths the way for this integration. >> yes. >> if you believe that is the right thing to do. >> so back to apple now so we're going back and forth we make fun of me almost every night because i'm getting older. >> we haven't made fun of you so far. even if this is a record this is actually making fun of you, though. >> what you do at my age often, you go to the doctor why do you bring that up, guy? i'm glad you asked, mel. apple, if they're getting into the medical side of things, this is an interesting way to get ahead of all the privacy concerns that will come with the wearables and hipaa laws and maybe there's genius in there. >> what does being a privacy company get apple in terms of valuation. from an investor standpoint,

what do you gain from apple saying we are the privacy company? >> i think it keeps people a lot more loyal when it comes to refresh and there's a lot of competition in hand sets but services business is where you get the multiple we are trying to figure out should apple be trading at 12 times or 16 times. you should probably be breaking up your multiple in two different pieces and i think that's what the street is now doing. when it comes to services, we've raised the valid point which is that apple is trying to make this why you go apple and stay within the eco system -- >> i would just asked that the only people that care about privacy are the regulators advertisers don't care and users don't care they have shown us that. when this cratered last year, they didn't lose advertisers, they barely lost active users. really this is something that i think the regulators are very interested in. investors not yet. >> the key element for me is this whole retention idea. i think tim is exactly right why are people willing to -- and

everybody asks this question why am i going to buy the apple phone versus this phone? i think a lot has to do with who apple is and what they stand for. they separate themselves away from the crowd when you look at retention, it's 92 plus percent for apple phones that says a lot, right >> let's let the market decide what we said, facebook has traded cheap for two, three years. whatever you want to call this everyone says it's so cheap. guess what, it's cheap for a reason so is probably google. the mark is voting with a multiple on these companies -- >> discount the privacy issues. >> of course they are because they can't even solve them that's what people do. i think investors have a right to do that. >> does apple have a multiple premium, and it doesn't. most people would say it's cheap, including cash. but does apple gain anything in their valuation because they are a privacy company? if the reverse is true, i'm just wondering -- >> can we just talk about one thing? what is zuckerberg trying to do? he's trying to be like wechat.

they want to be a value-added software platform, not really carriage -- being agnostic to the hardware for all intents and purposes to me i think that's the most important takeaway of the last couple weeks zuckerberg, they tried hardware once, it never really worked they're going their own route here i don't think they really care going forward where you use their services because it's going to be this kind of closed garden for them. our next guest says tech is still safe to buy. if you missed the run, there are two names that you can still play catch-up. rob is over at the plasma. rob, take it away. >> thanks, melissa listen, i think it will start to get really interesting as we move into the second quarter there's a lot going on and the market is a long way to the upside let's take a look at the s&p we had this 20% bounce all that resistance around 2815, 2820 but the key thing is we are still in a much secular bull

market coming off that 200-week. we think this was a major cycle we saw in december even though the market is up a long way and we're getting into levels where we could see some churn in some of these stocks given the run we've had, there are still names we want to buy let's take a look at the qs. tech has been leadership and continues to be leadership when we look at the long-term relative performance profile, it's still building to the upside even though we've had a pretty big run here in tech, it's come off that 200-week moving average. so we're still bullish on technology as a leadership area. but a lot of these stocks have run a long way we've seen software go up an incredible amounting, cloud stocks, i.t. service stocks, they have all had a large pop. but the key point here, again, when we look at the move off that 200-week that we had back in 2016 and back in 2014 and here again, we think that's a

major cycle low, this is a stock that moves through a period of contraction and acceleration we think we're in one of though periods. when we look at the relative performance, it's just starting to turn up as many of the leaders slow down and consolidate, we think apple is a really timely name at current levels looking at some of the other faang names, we think netflix is timely at current levels it's bouncing around that 200-week moving average. it hasn't moved as far, it's consolidating. it looks to us like it's ready to go. those are two names that are laggards, they're big and they're liquid >> rob, why don't you come on over shelby will bring the chair over >> where's the music >> long story, but we are not permitted to play that so instead, listen to this we have fake game show music it's fake game show music. >> nice.

>> and rob got to hear it firsthand. first time. >> we really let them behind the curtain on that. >> people like to see behind the curtain at "fast money." >> sometimes it's ugly. >> yeah, i know. it's like watching the sausage being made rob, you mentioned software a little bit that's been an outperformer. >> huge. >> it sounds like you think it's going to roll over >> i think it's going to pause here some of the stocks have gone up so fast so quickly, we're getting into the end of the first quarter, beginning of the second quarter, we've got earnings coming up the key point again if we look at the big cycle, what we see happening, these are opportunities to add to these names. they're clear leadership they came off the lows in 2018, early 2019, and resumed their leadership it's just a function of timeliness as traders, i think you'd see some people take profits on some of these names after they have run up we want to add to those names. >> rob, the s&p 500 chart, it

made a new multi-month high the other day. what do you make of the russell 2000 it outperformed on the way up off the lows in december and now it seems to be a little weaker on a relative basis. what does that mean to you >> let's put it in the context of other things that have pulled back we saw lumber pull back, oil paused, emerging markets paused. to me it's a function of that risk on is starting to take a break and pull back. it's actually pretty healthy i think it's rotation. i think a lot of these names that are pulling back are timely semi cap equipment is a perfect example of a group that's rallied, pulled back and looking ready to go again. i think small caps come back on. >> i thought the s&p was going to fail a while ago. yet we've been here probably three weeks. the market doesn't give you a long time to sell effective ly

the high are we going higher from here? >> in 2016 we ripped off the lows and traded sideways for two months i think we've got another two months of sloppy, rotational environment. people won't sell the market, they'll rotate into areas that have been laing. that's one of the reasons why i like apple >> robert, looking at netflix again, you pointed out you think the consolidation is a pathway to break out my view is it's a company that really peaked in the first third of last year and has been struggling ever since. i have a fundamental view there's an enormous amount of competition. couldn't that chart be telling you -- it's underperformed the market in that period. >> it has. so many names peaked in the first quarter of 2018. huge bear markets, rebounds. i think if we look at that in terms of a 12-month bear market, a cycle low at the ending of the year, a big rebound and a pause, i think it goes higher i'm sure we'll debate this later on. >> rob, thank you. good to see you. we were mentioning software.

check out two of the hottest software stocks. oracle and adobe both lower. plus, no end in sight for boeing as its 737 max fleet is grounded throughout the world. what is wall street saying about the stock now? the answer might surprise you. and general electric jumping today. the ceo promising 2020 will be better we'll tell you why chor"ft ne rht after this

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in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. welcome back to "fast money. checks out shares of boeing still drag as the airplane maker deals with the aftermath of sunday's deadly plane crash. its 737 max fleet is grounded worldwide with an unknown timeline of when it will get back in the air. wall street doesn't seem to be changing its bullish stance. 83% of analysts still have a buy rating and several firms saying they don't think the trouble will last. some say the impact is likely to be minimal bank of america has a buy rating citi says short-term events in the airline sector turn out to be buying opportunities. so do you go ahead

is it safe to own the stock? >> the thing with boeing -- we don't have all the news, this is a horrible tragedy and no one is making light of that but if anything we're talking about delays and deliveries on the max 737. we're talking about a dent in free cash flow and i don't think that that changes dramatically therefore, i think as analysts have a chance to roll up their sleeves, really look at the numbers, look at deliveries and look at the next two quarter, i think the impact is relatively muted. that is without a series of lawsuits and, frankly, news we don't know what we're going to get. we will remind everyone that boeing's safety record is extraordinary for decades, and the ones at the event in 2013 and even the event in 1988 were ones where the market actually did not punish the stock. >> even more so and to the point of the liabilities and what they might have to reimburse airlines for, the balance sheet is pristine and they do have revolving credit lines open so they are able to tap into those

should the event happen where it needs to. >> right and tim points out that it's probably more of a dent than any absolute hole in terms of free cash flow. this is a company that has been absolutely cranking along and now they have obviously got some stuff they have really got to get cleared up the liability shall you could be more than we know. we won't know more for the next couple of months at least. but you've got to look at the stock and examine what they are and who they are we talk all the time about their dominating the industry and they still do there may be software changes they have to pull off. i think there's an opportunity there. i haven't bought yet >> why wouldn't you do exactly what you said to do yesterday, which is buy the stock and sell calls against it >> it's a great strategy here's the problem, the stock was 295 and ran up to 460 and here we are at 385

the problem is i'm not positive that that's going to be enough at this point in time. >> i guess the question is, what percentage of those future orders are 737s and how long does this take to -- right now expectations for 26% year-over-year eps growth in 2019 seems pretty unlikely if you're bullish, you'll say a bunch of that will be pushed out into 2020 and they'll make it back when they fix this. but pete, as you just said, the stock was 295 in late december at 365, it's filled in that earnings gap and say i don't know why you have to be a hero right now. it's just basically replaced that entire move since they reported moves in january. >> and meanwhile you have the french president traveling in africa saying, you know what, ethiopia, buy some airbus. >> when you're highly educated you can say macron like you did

>> i don't even know what that is >> she spoke french. >> oh, okay. >> now, if southwest air can pick up the phone to airbus and say instead of those 35 737 max 8s we want 35 a-320s, that would make boeing very vulnerable but they can't because there's a five-year backlog. so they can't go anywhere. like most analysts, i think this is a 35 to 40-day thing. i think the stock is at a level where it does make sense in terms of where we were december 24th and where we just were a couple weeks ago i think on valuation you buy it. i don't think this is going to be -- again, i don't think this will have that much of a deleterious effect going for boeing. >> dfor more on boeing and other industrial stocks, go to trading nation.cn nation.cnbc.com.

here's what else is coming up on "fast. yes, shares of snap are surging after one bearish wall street analyst is changing his tune and it has one of our traders pounding the table plus -- >> tesla. >> tesla. >> that's right. as tesla battles with the s.e.c., elon musk is gearing up to unveil his newest electric vehicle tonight. will musk get the last laugh >> ha ha, th'sat hilarious. >> we've got those details much more "fast money" after this der does you've worked hard to grow your wealth. make sure you're working with a wealth manager who can grow with you. cfa charterholders have the investment expertise to unlock opportunities other advisors might not see. learn what a cfa charterholdr can do for you at therightquestion.org

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welcome back to "fast money. ge jumping today the ceo saying 2019 will be a tough year for the company but things will improve in the coming years and investors seem to be buying it.

the stock is on track for its best quarter ever, jim cramer just sat down with larry culp a few moments ago. here's what he said. >> i think for the average person, particularly anybody who holds our stock, they know we have a host of issues, no shortage of opportunities but we have a number of problems we need to work through this year what reset means, jim, this is the year that we share with the world what those issues are and the plan that we talked through today as to how we're going to address them it's going to take some time and we won't be finished come new year's eve, but if you give us a little bit of time, we'll i think make a lot of progress >> pete, where do you go on ge >> well, i'm more of a trader than an investor i've got some investments absolutely but i don't know why i have to position in ge right now. when you look at the cash burn, it's unbelievable in just about every category that they have got. he's doing a great job i think

in terms of is he cleaning up ge he absolutely is is he trying to get that balance sheet together he absolutely is i think this is going to take some time. if you're buying it at 10.30, you might be pretty angry in a couple of months if it's trading back towards 8 which is what i'm hearing from tusa. he's still sticking with a $6 price target let's be honest, he's been right more than wrong more so than anybody. >> i hear you, pete, on you don't want to wait around for this when the guy tells you we could be precash flow positive in 2020, the market prices that in now and i think we still have to follow through and see what's going on there but when you layer in the sell-off, baker hughes is hanging in there picking up value every day on the sum of the parts. i think, look, larry culp has moved a lot faster than anybody thought he would what he just said, that was as confident as i've heard a ge ceo

in a long time his last statement two weeks ago and then we got the interim statement that seemed muddled and confusing was also confident. that sends a message of stability. that's what people want with ge. >> real cash flow positive with the industrials which i think they were in 2018. obviously '19 is a disaster so they're just getting back to where they were, which is fair, and i think he's making good strides. but the jpmorgan analyst is steadfast that we go back and see $6 if you believe, mr. culp, if you absolutely believe in 2020, 2021, that's where the company will be, it's probably an $18 to $20 stock if you believe everything he said. >> do you believe everything he says >> not that he's lying, i just don't think they'll get there. i think it retests levels we saw a few months ago. >> they sell this life insurance business, people couldn't sell it fast enough. >> it doubled, though. >> no, i understand. but what i'm saying on that gap

it was up 20% in the premarket or something like that it opened up there and then sold off 25% over the next week or so listen, i do think that there's probably more news headlines i think you sell the news headlines and look for an opportunity when there's a bad news headline to get back in the single digits. >> of course you don't want to miss jim cramer's full interview with larry culp tonight at 6:00 p.m. eastern time. we've got a news alert on the college cheating scandal that is rocking the country. let's get to seema mody for all the details. >> bill mcglatchen is being let go after being charged in the alleged college cheating scandal. he has been terminated for cause for his positions with tpg after reviewing the allegations of personal misconduct in the criminal complaint, we believe the behavior to be inexcusable

to the values of our entire organization as we stated in the previous announcement of mr. mcglashan's administrative leave, jim colter will take over managerial responsibilities for tpg growth. again, mcglashan terminated for cause by tfg. >> the ramifications of this continue remember, we had manuel henriquez who stepped down as head of hercules capital, a bdc company. i don't even know where to go with this. it's rippling throughout the business world do you think it's just a salacious headline and it really gets your goat i mean it gets mine, this whole thing. but it really is impacting our world here. >> yeah, look, there's a public outcry when we hear stuff like this and the reality is that a lot of these folks are very privileged and they come from positions of influence and they're using that influence and using money behind it this is -- you know, it's the same way that i think people work on wall street or hedge funds want the s.e.c. to be on

the case and be actually very active and not have people cheating i think that's the message here. obviously there's been a very significant response both from the legal community and society. i'm very much in favor of that. >> the irony of bill mcglashan is at tpg he was running an esg fund so i mean -- >> the irony >> right, right, exactly i mean of all people. >> the yin to his yang maybe it helped him sleep well at night we all do what we can do. we are just hours away from tesla's launch of the model y. jean munster is watching three key things. plus check out shares of snap stock is up double digits and up more than 100% this year see why one trader thinks it has more room to run he'll tell us how high he thinks the stock can go ahead on "fast money.

welcome back to "fast money. almost four years after elon musk fifrs tearst teased the moi a tweet when he deleted, we are just hours away. this is happening at a time when shares are struggling, down 12% this year on the paback of

unsatisfactory delivery numbers. a new cfo was appointed today. in addition, elon musk is involved in a seemingly never-ending battle with the securities and exchange commission so will the model y be the boost that tesla needs gene munster is in l.a. to give us a lowdown of what to expect gene, always good to see you. >> hi. >> at some other point in time, an unveil of an suv would have been huge for tesla, but at a time when there are questions about whether or not this company can fully ramp model y, at a time when the company still hasn't gone into production for a semi truck, which it accepts deposits for, i don't know is this going to move the needle we're just going to cause more concern about the story. >> melissa, it's unlikely that tonight is going to move the needle i think it's pretty well framed in here, model y, what it looks like, the probably 40,000 dollarish price point so you're exactly right. this has become a show-me story.

now, i'd say the intensity level around that has only picked up in the last month. i think that this really almost vortex of believers that think that this story is going to end in the next six to 12 months has picked up some steam i disagree with that i think that the model yisn't that important to the story and should be noteworthy tonight for the simple reason it doubles their addressable market and albeit it will take them probably two years to really ramp production to get there but doubling addressable market in what is an undeniable tech trending in electric vehicles i think is important one last piece that will likely g get glossed over tonight but as you dig through the specs on this vehicle, and they have been late on getting vehicles out but have accurately predicted their specs, i think what you will see is tesla's advantage that they have against other car manufacturers in terms of efficiencies of range, for example, and the price points. so there is some real substance

here i believe it will get glossed over i think most investors are hyperfocused on what their deliveries are going to be for the march quarter they'll come out with in the first week of april coming up in a few weeks. >> sure. now, you mentioned it doubles the total addressable market, but there are a lot of competitors specifically within the space and tesla is not going to produce this car for another year or so in the meantime bmw will come out with its compact suv in 2020, mercedes will have its all-electric eqc later this year at this point in time is competition more of a threat to the story than maybe it was two years ago? >> competition is not tesla's biggest problem. tesla's biggest problem -- >> is itself >> exactly elon is their greatest asset but also the biggest risk. but just to put the competition quickly into perspective, melissa, these other car manufacturers aren't even close when it comes to price

separately, we're talking about orders 30, 40, 50% more expensive and they're essentially vaporware right now. tesla had 80% market share in electric vehicles, so there is something to be said about the substance. and i think if you talk to tesla owners, i'm not a tesla owner, but yesterday a tesla owner told me he feels lucky that he's able to access this technology. i think it's hard for non-tesla to understand what this actually is one other thing that is important to point out and i want to make sure that we capture here, there's a story out there that tesla is announcing model y to generate preorders to basically fund some sort of cash problem we think they'll generate $350 million in preorder, but that is probably going to be offset by inevitably there will be other tesla potential buyers that will hold off if 5% of tesla owners simply

hold off, then it's a net wash so this idea that tesla is doing this model y event in desperation to generate cash is likely not the case when you factor in this will have a negative effect on model 3 sales. >> you're saying they will hold off because they were intending to buy another vehicle then you're talking about the issue of cannibalization from its fleet. >> i think it's coming from just to be clear from a point of strength i think they feel good about model 3 demand and i think even with this cannibalization factor, i think they'll hit those numbers elon talked about, this 300 to 500,000 number for model 3 for 2019 but the reason why i mentioned that 5% number, just to give viewers some sensitive, that just if you take 6% away from that that offsets this cash benefit, so i just wanted to

illuminate that conversation about why they're doing this. >> gene, always great to see you, thank you >> thank you. >> gene munster in los angeles ahead of the event i have a question for you. more bullish or less bullish with the unveil of the model y in that does tesla need another vehicle to try to push out productionwise at this point in time >> they're never going to build it. >> you think they're never going to build it. you have been a tesla bear for a long time. >> i think this is a distraction. there's a lot of bad things going on at the company. this model y unveil is another thing to talk about that's not going to happen any time soon. >> guy, who's been bullish and bearish at various points in time. >> i've been wrong, right, wrong, right >> there's a good show on in the morning called "squawk box." and ron barron was on this morning waxing poetic. >> he's been a long-time investor >> with that said, he paints a

very compelling argument to the upside a couple of weeks ago before i went on my hiatus to bermuda, which is beautiful this time of the year. >> your tan is beautiful. >> i thought the stock should be bought it's going back to that 350 level, clearly wrong again, 275 like a rocket holds and bounces. so pete will say play with options. he's been correct. i think you stay long against 275. coming up, check out shares of two software giants, oracle and adobe both falling after reporting earnings we'll tell you what's behind the move in these stocks plus snap stock has doubled already this year. now a long-time snap bear says the stock is a buy is this a signal its worst days are behind it? much more "fast machineoney" ri after this

welcome back to "fast money. we've got an earnings alert. shares of oracle, the conference call just wrapping up. job lipton is in san francisco to tell us what the ceo had to say about the quarter. hey, josh. >> so larry ellison on the call calling out a big cloud rival. take a listen. >> our infrastructure technology is highly differentiated from aws. each one of our cloud computers has a separate security processor and memory to insulate customers from intruding upon each other and it also makes our

cloud control code inaccessible by customers no other cloud services provider offers this kind of protection across their entire public cloud. >> so you hear mr. ellison trying to sound this bullish tone we started the call roughly flat and now we're going lower. the ceo in terms of q4 revenue growth, she said expectancy row to negative 2% in u.s. dollars i was going back and forth with steve connick who covers the name he said it was not as good as some hoped for mark herd talking about a good solid quarter. he rattled off some key customer wins and talked about a growing relationship they have with gap. again, you can see the stock heading lower. adobe also heading lower in the after hours. it did report 171 on 2.6 billion. analysts were looking for 162 on

2.55 billion but that company did issue weak guidance. >> thank you very much, josh lipton dan, i know you like software names. >> when you have a stock that's outperformed the broad market like oracle and adobe for that matter in 2019 and off the lows from december, what are you expecting? so they put up a good result an got it down a little bit oracle trading 14.5 times next year, seems cheap to me, especially the way they have been buying back stock if you see this materially below 50 tomorrow, i think you buy it. >> and oracle up 15% year to date i love that ellison is talking about what a differentiator they are in the cloud space versus everybody else he seemed like an attack dog it seemed like larry ellison was the old guy who wants to get after things once again. i think that's a good sign guidance being a little weaker is a little puzzling to me on a pullback, you get around 50, i think it's a great buy.

>> check out snap soaring double digits today highlighting advertising growth and approved in app content and slapping a fresh $15 price target on the stock. as rich greenfield said in his note, after seemingly everything that could go wrong has gone wrong the last couple of years, snap is now up more than 100% in 2019 dan, you saw some interesting options activity. >> call volume was five times that of average daily volume and three times that of puts so they went absolutely crazy on this call the stock broke out of the range it's been in it's off 100% off the lows it had a huge rally after their q4 results where some of those metrics are getting a little better the largest trade of the day was when the stock was trading about $11. it was a buy of 6500 to open of the october 11 calls paying $1.85. those break even at up 16%

when you see a stock moving around like this, that's one way to define your risk. look at that chart right there since its ipo you can draw a line from the all-time highs to where it is now. >> for more options action, check out the full show tomorrow at 5:30 eastern time. coming up, shares of ulta jump after hours on an earnings beat we'll tell you what wall street had to say about the beauty company's results. you are watching "fast money" here at times square at the nasdaq market site we have much more straight ahead. (indistinguishable muttering) that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum-

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and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. welcome back to "fast. we've got an earnings alert on ult afternoon. shares jumping in the after-hours session. kate rogers has the latest from the conference call. >> the stock higher just under 4% ulta posting a very strong fourth quarter revenues coming in right in line same-store sales blowing past expectations at 9.4% compared to estimates of 7.9%. kylie jenner's line continues to be a popular boost to ulta's

business. >> to update you on kylie cosmetics which launched in mid-november, we experienced very strong sales on the 28 products we offer and are essentially out of stock for a few weeks at the end of the quarter. this popular brand clearly drove store traffic and new customer acquisitions with an uptick in younger, more diverse guests product began flowing back into the stores in late january and we're currently in a much better in-stock position. >> the ce orks, mary dillon, will join "squawk box" exclusively tomorrow morning at 7:30 a.m. now, beauty stocks have been turning heads this year. >> nice, nice. >> shares of coty surging 68%, ulta up 28%, estee lauder up 23%. are these makeup stocks ready for more gains tim. >> i do think if you look at the valuation here on ulta, it's not terrible i'll leave the exfoliators and this and that -- >> lip sticks. >> kylie is gold for ulta.

i'm not joking about this. the power of this demographic, and this is where you're seeing the growth in the multiple purchases, et cetera so i think you stay in this trade. 320 on this stock was a very serious level of resistance. if they breakthrough there, i' watch it >> i see how you want to stay out of this conversation. >> no, i'm in it and here'swhy you put up the names in this world, coty had great options activity two weeks ago maybe it gets pulled up with ulta this is a space with unbelievable numbers, unbelievable marginmargins, so e this space. >> when pete says coty, what do i think of regis philbin. look at the merchandise inventory, up 10% on sales growth of almost 20% means margins will hang in here. tim pointed out the level. i think it goes higher from here a shoutout to jim cramer's 14th anniversary today. why do i bring it up because he's talked about these stocks with the whole selfie

generation, you've got to look good and he's been spot-on. >> this is a philosophy i don't subscribe to. >> i'm not saying you have to. >> but i think that's a good point in terms of this generation. >> what did she just say, a younger, more diverse -- >> yeah. >> when i think about that, i'm like our chief beauty correspondent here. >> clearly, clearly. >> i have 13 and 15-year-old daughters and they're direct to consumer and the social media combination, glossier. they're going to be disrupted but they'll have to copy them in the meantime. >> self proclaimed chief beauty pert >> you know. final trades, next a cfa charterholder does. you've worked hard to grow your wealth. make sure you're working with a wealth manager who can grow with you. cfa charterholders have the investment expertise to unlock opportunities other advisors might not see.

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time for the final trade pete. >> time to stick with gambles, las vegas sands, giddy up. >> tim. >> spend a lot of time with apple an it's making a move higher the sentiment is extremely low, the valuation is defendable. i like it, apple. >> oracle, i think it's messy tomorrow below 50. i think you start to pick it up on the long side. >> there are a lot of things hard to believe, mel. >> any. >> this shirt doesn't have collar stays in.

can you believe that i have a 20-year-old son? happy birthday, tim adami. devon energy, pete saw some options energy. >> see you back here tomorrow at 5:00 14th anniversary show with jim cramer starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to help make some money my job is not just to entertain, but to educate and teach you so call me at no. or tweet me @jimcramer. making money in the stock market is simply not that easy. this is something i actually worry about all the time