all of these names and at&t hosts its annual meeting and avenger, endgame finally hits theaters and it's been breaking some of the pre-sale records. >> it has, indeed, and a big, big list of earnings the likes of facebook. morgan, as always, thanks for filling in >> happy easter, happy passover. >> happy easter and that does it for "closing bell "qwest. >> "fast money" begins right now. >> fast money begins right now live from the nasdaq marketsite overlooking new york city's times square i'm melissa lee. tim seymour, steve grasso and guy adami. pinterest and zoom soaring in their trading debuts and we'll bring you the latest on those stocks, plus a dope pot deal canopy buying acreage holdings for $3.4 billion and we broke the story last night on the show and we'll sit down in an exclusive with both ceos this hour and we start with earnings excitement as we head into the busiest week of the season and nearly half of the dow will be

reporting and then the tech darlings, facebook, amazon and tesla. with the market so close to all-time high we thought today would be the perfect time to play a little trade it or fade it into those reports. we all know how this works, presumably let's take a look at the dow names starting with boeing so guy, trade it or on. >> can i ask a question? >> it is a holiday this weekend, right? >> yes. >> it's a very pastel time of year >> i think green for easter, right? >> it's a strong color this is not a fashion show >> that's not -- >> clearly [ laughter ] >> don't we usually have the grafshgs that we fire for trade it or fade it? we didn't do it tonight. >> can you still play the game without the graphics >> what are you, nuts? you see the news headlines in boeing and you're correct, but even in a worst-case scenario for boeing you still have 25% to 30% eps growth and trades at 16

times earnings numbers which for boeing is probably cheap, some of the best cash flow out there and look at what citi put out a couple of weeks ago and they see obviously, there will be some hiccups and the fix is a manageable fix and they have a $450 price target on it and i think 380 is a gift, in my opinion. >> way too much headline risk. if you look at that chart right there, and it looks like a baby head and shoulders on the right side of the screen >> i would be a fader of that. >> there still is too much uncharted territory going forward. you don't know how this is going to play out. the stock has had a woolly mammoth run. >> woolly -- >> that was endangered >> it's endangered >> willy mammoth >> he's from staten island >> okay. >> i think we have seen this before and this is my point on boeing i recognize that there still could be headline risk, but we've had cases where we've had planes grounded and we've had the company in the public eye and frankly, right now boeing's

safety record is unchallenged on some level until we get to a place where the news is different. meanwhile, you're left with a company that on fundamentals guy was talking about free cash flow and how about 18 bucks a share in 2019 and this is a company that to me, despite some pushback you can see in orders, the fact that we can see the companies and the airlines themselves pull back and the companies have had a chance to digest this news >> the problem i have, though, is the longer it goes on without a solution then there is more risk to this i was relatively surprised and constructive about how well this stock traded right after the incident, but now we're starting to carry on and carry on, and you have to question when is it going to be? fade it. >> there's a preliminary software fix and the bright side to this preliminary software fix is that it doesn't require flight simulator training and it is computerized training and airlines can do faster than with simulators. >> b.k., i'm not going to be the

first one on that thing. >> i think they've come ahead of the problem and i think that's the smart thing to do. >> a bit of a complaint. >> just a wee bit of a complaint. >> three minutes into the show and you want to complain about something? >> they both said fade it and their graphics fired because i saw the little red thing and i heard the buzzer in my ear >> you don't think the graphics feared >> when tim and i said trade it i didn't hear the little green -- [ crying ] >> don't play the baby crying. it's the green screen. >> thank you very much for that. much better. appreciate it. >> want the folks at home to get -- the full experience >> i can't wait until we play trade it or fade it, your shirt. >> next up -- you complained like five times in the first three minutes of the show. >> it's early. >> you get it back intel near 20-year high, b.k., trade it or fade it? >> i'll start off with a fade it on this one and primarily, because of the run it has had as well as the run with the semiconductors in general have

had. i dislike intel, but as a pure trading call at this point i think you have to fade it. >> i would trade it all day long and to me if i'm going in the semis why would i want to be in the high margin and high multiples when people are questioning the diversified model of intel and you get a decent dividend and they solve the c suite issues. >> exiting it the chip is good for margins. >> they get the other businesses and without having to service apple and that took a lot away from them and it's up 25% year to date, and you might see a ratcheting back on this one, but this is one i would stick with and trade it >> you buy it against 57 and 57 was the previous high and valuation is reasonable and close to 13 times forward earnings so 3-1, trade it against b.k.'s one, fade it >> i'll be on the other side of that see where we stand on exxon.

tim, trade it or fade it. >> i have to trade it, exxon is my least favorite. let's be clear, there are production issues on the top line and there have been issues on the expense side and bottom line here is the big unit has the best balance sheet of any of the guys in the space at a time that relative to the price of brent and relative to itself at these levels in brent, exxon is very cheap here so i like it >> oil still looks fantastic no matter what you throw at oil, it continues to go higher and you have to like the space and you trade this one you're probably better off looking at the oil and if you want to trade one particular one, it's this one definitely guy shorts this one that means fade it >> you definitely trade this one, and do you remember when we played the little dating game episode after the show we all picked exxon, did we not? >> as the acquirer and that means the stock theoretically will go down >> short term.

a short term blip, but it make it more productive and i think you trade it or guy shirt it >> you did it to me last night and you asked me a question that you knew i probably wouldn't know the answer. >>. >> me, it wasn't karen you asked me i didn't know the answer >> go on >> tim mentioned the big unit. can you tell the folks at home what the nickname and don't look for people in your ear right now. i will tell you that randy johnson who pitched for the yankees for a while. exxon, i agree, in terms of multiple it's on the lower end of the spectrum and you've had a decent run and it tapered off in 81 bucks and it has giddy up >> i don't understand what big unit had. >> tim said -- >> known as the big unit randy johnson was the big unit and he was tremendous in his day and i didn't think we would talk about it, though >> the more you know procter & gamble hitting an all-time high in today's

session, steve, trade it or fade it >> i would trade this one, as well i'll green shirt this one, as well -- >> hold on, let's fade it. >> are you buying his shirt or selling it >> it's green. >> you said you would trade it or green shirt it. green shirt it i thought you didn't like the shirts >> why are you trading it. >> i understand. >> it's green and green. i got it >> i thought we were selling his shirt. >> no, no, no. the color. >> who is on first >> i don't know. third base >> why are you buying p and g? it blows earnings out of the water and up 15 straight quarters and this is i chart that is undeniable i get it on valuation and it's getting expensive and i hear you, but the chart is unbelievable trade it >> what concerns me about this is the u.s. dollar and the multinational u.s. dollar might want to break out and in this particular case i fade it even though millennials don't like to talk about the u.s. dollar we have bonus rounds that we

shall do >> the jonas brothers had three of them and what we call the bonus jones. >> i've gotten three bells tonight. is that kevin? >> can we proceed with this, b.k., trade it or fade it. i am going to trade this bonn which is unusual and not only are they restructuring and putting everything together people are underestimating it as a facebook and that could add a lot of earnings to the company i am a trader or a buyer there was a lot of -- have you signed in and said i don't care about the privacy issue. oops my e-mail address just got uploaded >> it hasn't seen major deterioration in usage and i would argue that's good news for the company and i'll fade this

one for sure because i think facebook continues to underperform mega-cap tech for these reasons and i think they've adjusted and still i'm out. >> bonus round number two. gong i love that. amazon, guy, trade it or fade it >> steve grasso said something the other day and jeff bezos sort of gave a warning it resonated with me and talk about spending money and all things you pretty much don't want to hear i think he was setting up for what could be a disappointing earnings call and although the stock is a monster, and i don't like it into earnings. i should have said right off the bat fade it, mel >> fade it or trade it >> when a ceo tells you this could be a tough slog ahead you listen to the ceo and you sell the stock and fade the stock >> tim >> trading it, guys. when the ceo tells you the market's had a chance to digest that news and assess where facebook's profitability

now, i don't think it's as important as it has been in the fast and there were times when we didn't care, but i would stay in the game. >> despite the high headying into the thick of season and let's bring in jeff mill always good to see you wp we are so close to the highs right now. will earnings send us higher >> will we see the new high? >> think the market can eventually make new highs and when i talk to clients both retail and institutional there are two things keeping them from enthusiastically chasing this rally higher and i think the resolution of those two things ends up being better than feared at the end of the day and the one thing is the global growths slowdown which everyone is focused on and the other one is earnings so i think everyone now is anticipating fourth-quarter earnings basically collapsing from current levels and those two things are inextricably linked and from a global growth perspective, you see the cycle

bottoming and banks lent out a record number for the first quarter of 2019 and when you see the credit cycle bottom about nine months later global growth bottom and you start to see better data out of places like europe, for example, and that relates back to the u.s. markets because that helps u.s. foreign profitability and i brought a chart along with me and i don't know if i can put it up on the screen and it's china pmi versus corporate profits and there's been correlation over the past five years, and the support for foreign profits and maybe earnings don't have to come down as much in the fourth quarter as people think. >> it sounds like you want to be all in on cyclicals. what sorts of cyclicals would you like at this point and would you go with the rah-rah tech for instance, we are at record highs or would you go to the value cyclical, for instance banks >> we would probably stay away from banks here and i think you go with what has worked so far and i think tech is one of those

stories. when you think about tech revenues and you look at the biggest tech companies, 60% leveraged much more than the broad market and more for the global growth stabilization. you saw retail sales numbers and you saw unemployment claims and again, extremely low and the fear there is that they're levered to rising wages. what you've seen is unit labor costs actually come down because you've had an uptick in productivity so from a margin perspective i think there is protection there and we're sticking with what has worked so far. >> so, jeff, when you laid out your premise, you talked to china about when the credit cycle is worth buying and also the marketplace has to have factored in china trade being resolved is that not in the market already? is it going to be a sell the news event in your opinion at the very least do you think that could be your headwind? >> it could be and i look at china trade and they're very

separate thumgs. you can get something a bit more, and if you look at companies that aren't only levereded of china trade, and they've actual lie sold off a fair bid in the last number of weeks and we've had this period to drag on for a very long time so some of that has come out of the market, not all of it, but i think you can get a boost from the china trade and the stories are completely separate in my mind and there is a clear trough in december and we continue to gun from here. >> jeff, i'm going to give you a multiple choice. what worries you the most and what could derail this is it dollar, oil, europe or the fed? >> four choices. >> four choices. >> or none of the above. >> or none of the above or some of the above whichever. >> ultimately, i think it's the fed because that's done so much to support multiples, but i think the bar is so high for the fed to hike rates right now i would take that off the table a little bit i'll point to europe i'll take that as my multiple choice answer because if you

don't see that follow through in global growth and you don't see europe start to pick up. you've seen economic indicators perk up a bit and global pmi has bottomed and as much as i like the credit cycle now it moves in the 18-month increments and you look to the second half of 2020 for the credit cycle to roll over again and then you have problems with global growth and that's probably when the u.s. probability for a recession perks up, too, and you can have the combination of those things playing. >> jeff mills of pnc guy, how do you take this. it's $70, you haven't seen that in quite some time and it's a bounceoff at $50, and they've gotten ahead of themselves and they're basically trading right around book value which is where they should be trading >> so you would fade the banks.

>> just saying >> having a multiple choice question >> i'll give you ten choices >> anyway. so jeff talked about europe and he also talked about the cyclicality of europe or i will. look at the dax which continues to break up, and it broke the downtrend in february and it might be the best performing market in the world in the last couple of weeks and the monetary easing and dies down a little bit and the fiscal easing and the stimulus, i should say is starting to kick in. i continue to take global cyclical and semis outperform. >> you obviously know what is going to hit me is the 2020 recession. so as constructed as jeff is, it has to come, right recessions are normal. they're healthy and we always hear tony dwyer talk about that and no one wants to buy into it, there's a window of period where you have to make money on it and you have to stay away from the financiers and that's what the ipos are telling us, people are

reaching for growth at this point in the cycle. >> for me it feels frothy right now. the ipos and the fact that the market is not responding to good china news, the fact that the market responded a bit today to the good jobs number, but it was still a struggle to me i'm just very cautious and if i'm going to play anything, i buy china, that to me is where this is coming from so why not go to the root of the cause? >> coming up, the ipo party as zoom and pinterest shine in their public debuts and we'll tell you why we're excited about the stocks you'll speak to both ceos live and exclusively here at the nasdaq later, talk about a health scare. the group having its worst week of the year as the stocks get crushed, but guy here says there is one name that could be on the mend he'll tell us what that is we are live from times square, new york city. much more "fast money" right after this

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what a tore. . >> melissa, today is the deadline for the a letter sub submitted for the sec lawyers along with tesla and elon musk to come up with a joint agreement, a resolution in terms of how they will handle elon musk communication issues in the future what guidelines should be set up there. remember the sec wanted him to be held in contempt of court for some tweets that he sent out, that they believe violated at least in the spirit of the letter, the agreement between the sec and musk late last year. now they have asked for another week after spending more than an hour conferring on the phone earlier this week. the lawyers for the sec and elon musk himself, they spent an hour on the phone and they've yet to work out a resolution and they've asked the judge for a one-week delay before they submit the joint letter which in theory will have the new terms that all parties can agree to in terms of financial communications from elon musk and again, guys, remember, this has to do with how he

communicates, whether or not there's pre-approval from the tesla board when he sends out a tweet or when he does something on social media relative to pertinent market information involving tesla. so again, they're looking for a week delay and i'm sure the judge will grant it since the parties are talking right now. >> it's interesting when you think about what elon musk has tweeted very recently after the judge told the parties to get their reasonable pants on and actually make a deal that elon went ahead and tweeted things about production, tweeted things about him being on twitter and sort of flaunting the fact that here i am, still, and then they asked for this delay which is kind of weird. >> well, he has made it clear. he believes that it is his right, his first amendment right to talk about these issues relative to the company. now the counter argument to that, melissa, as you and i have talked about is that he did sign this agreement when they reached an agreement with the sec

following the whole initial sec taking him to court for the go private tweet, et cetera he signed a resolution or an agreement, not a resolution, but an agreement saying, look, i will have my financial communications pre-approved by somebody at tesla that has not been the case. so now the question becomes can they come up with something that everybody can live by? because elon musk has made it very clear he believes this is his right to talk about the company and he does not believe that he is putting out information that has not already been conveyed either through analyst calls or through reports that the company has filed, et cetera >> right, this comes ahead of the autonomy event on monday and ahead of earnings on wednesday and that there were reports on monday that t. rrowe, reduced i stake in the latest quarter. >> yeah. you guys have talked about this before look at the stock over the last two years. generally speaking it's between the 265 and a couple of times it

spiked well over $300, but it's been the high $200 range generally speaking between 265 and $300 and it's not done a whole lot in terms of going over the last two and a half years. if you bought it two and a half years ago and where it is now, if you haven't added or subtracted from your holdings, you really haven't done much with tesla. >> phil, thank you >> phil lebeau keeping on top of this developing story. how do we trade this, guy? >> well, i mean, it's interesting. the market's closed tomorrow, isn't it >> it's the good friday holiday. >> and the long weekend. >> i have issue and i don't know how to spell umbrage in front of a long weekend and that being said, i don't necessarily think this is market moving and i think the stock will go and retest the 250 level that's sort of been the line in the sand for quite some time. >> are you still short >> i'm still short i think the sec issue is to me a bit of a red herring and i think

it's important and the sec should certainly be enforcing rules that i don't think he's following, but the more important issue here is it's not about deliveries to me and it's about demand and the balance sheet of the company and i think the investor day is also just kind of noisy. for me, this is really a story about demand i know no one believes the fact that demand is not there, but i'm telling you, if you look at the way the company's acting and if you look at what they've been doing with pricing and certain stuff to europe and certain stuff to china and you listen to the suppliers and you watch the trucks going in and out, this is a demand issue and it's not even a production issue and i stay short. >> some day the fundamentals matter they haven't yet so for me, the way that i trade it -- you don't think the point that phil made that it's basically rangebound and you don't think that's the fundamentals catching up with the stock? >> this thing would be a $10 stock. >> okay. >> it's finally starting to matter and all of the things

that you were getting a pass on. >> i'm saying buy it against 250. >> he's saying the fundamentals don't matter >> that's not what we hear from most people. >> for most people do think the fundamentals matter and they think it's a growth story and a tech play. those are fundamentals and that's what people talk about. >> it has been a growth story and it has been a tech story and it's run out of steam on both those things and things are starting to matter at this point where they never did before for years. >> monday an autonomy event and it could be a for tesla. >> monday is a holiday and it is marijuana merger madness and canopy growth agreeing to buy the right to acreage holdings and the ceo will join us exclusively? just a few minutes i'll melissa lee, you're watching "fast meyfion" rst in business worldwide much more "fast money" just two minute away. m lly, prevagen helps your brain

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welcome back to "fast money. shares of canopy growth higher as the cannabis company announces a $3.5 million deal and it will take effect after marijuana is legalized federally in the united states or if there are rule change peps we are joined by the founder and ceo of canopy growth and kenneth murphy is from acreage, and ceo thank you for being here today. >> thank you >> this is an unusual deal and it's probably because it is a very unusual industry handcuffed by the fact that the business is not federally legal in the united states. bruce, can you tell me the back story and how this deal came together because the template of the deal is extremely important in terms of getting this deal done and what this account mean for

future m & a. >> we wanted canopy to have access to the u.s. and we wanted the big banks to keep working with us and we wanted consolation to keep their money in and we wanted a struck are where we didn't put cash into the company and we bought the right from shareholders to set up a purchase exchange ratio, meaning if we make everything double they make twice as much and that's why kevin and i have to work together in terms of us with the landmark and the knowledge and his team executing the way they have and seeing cost of capital, and we're buying a right and when it becomes federally permissible or we feel comfortable that we willn't be offside with the prayer parties >> the exchanges, saying we on have to delist you because you're embarking on a business that's federally illegal. >> cannabis is doing business around the world and we will talk about cush. we talk about noisy and why

deloitte was the auditor and the elements of credibility will help win over regulators >> part of the deal is an up-front payment to shareholders and you set a peg in terms of what each acreage share is worth compared to canopy stock right now it's not trading up to that full price of the bid, and in other deals that would be interpreted as their questions as to whether or not this deal will get done. what can you tell shareholders about that >> given the fact that the structure itself is so complex and so new, i think that investors need to understand exactly what it's about. many investors earlier today said you might have sold out too soon, not true it's my job as the ceo of this company to be a fiduciary for my shareholders and that means capping the down side, hedging the down side, but maximizing the upside, and as bruce pointed

out, we've agreed to a ratio and if you combined the biggest player in the united states with the biggest player in canada and abroad then it's the one plus one equals four or five or the bellwether for the industry and as well as canopy does, we do and vice versa and that's really the thought behind the strategic line >> the issue of whether or not the state's act will pass is an important one even for this deal and i understand that you guys have told me that it doesn't matter if it passes or not, but it is important because right now it's not passed and right now your competitors do not have the access to capital that kevin may have now with canopy stock as a currency. so what are you going to do right now? you walk out of this building, who are you calling? who are you shopping for >> we walk out of the building and we have a plan now between the shareholder vote we map out everywhere where

acreage is operating and all of the brands know how we have and say how do we license this down so you can make the most of the next 18 to 36 months until it does pass, and if it doesn't pass we will still make the most of the next 18 to 36 months and we will keep dominating and the outcome will be somebody is behiendz b behind us, but we can't see them >> that seems to be the point where you keep talking about the structure. this structure is what everybody in the industry has been waiting for and on some level have you guys lit a fire under the entire -- does that mean that every multinational from every other jurisdiction who has wanted to buy in has the same concerns you do, bruce, as the companies listed on exchanges and the u.s. banks is licking their chops saying thanks very much for doing the work for us we're coming. >> the good news is there's only one acreage so good luck with the others sometimes part of the reason is you get to pick when they bought into us, right? we were the most costly cannabis

company to take a piece in, but there is a big value for quality. big value because we're not governing them, right? when we do this, kefin and his team are executing and they'll continue to have a great board and great governance and we know with the tools we give them and i'll call them the instifrmncts the company we won't say oh, boy, what have we done the others will get an oh, boy. >> you've vetted this with so many parties between lawyers and the exchanges, regulators, et cetera, so this has been squared away from your standpoint, but in terms of constellation's role in this whole thing. >> yeah. how much of a driving force have they been in choosing the target how do you get their money, basically, to acreage to do -- i mean, how should we think about this in terms of how active the u.s. -- >> the parent. >> in the u.s. cannabis market >> they've been very enthusiastic that we found a path to do what we've done in

the u.s., and the way we did it, obviously their shareholder stock was quite smart as well because their stock got a great day. we structured some of the warrants and taking a dilutive event and using it as an extended window to pay off what they might buy in, and because they're so strong in the u.s., down the road maybe kevin and i end up working together because of the law is changing and wooe trying to use distributors and maybe today they only distribute alcohol. i wonder if constellation has the ability to work with that. this is their home turf and the enthusiasm is great and they had to approve the deal and they've been keeping an eye and it really was a canopy-driven and consolation supported activity >> last quick question and now who do you view your competitors to be? because you just opened the door for big pharma, consumer products companies and you name it, to use the structure as a template to do deals in the united states. >> i think all of the credible actors will want to follow, and

i think that the things that we have done and will do will make them continue to follow, but it doesn't mean they lead this is not something you just step in and take out on and you figured out how to make apis and clinical research. we've begun that for several years and we are in the phase 2b trial. so if we can help your sleep habiters on help your grandparents and your dog, all of that research conveys to acreage as we enter when the fda can take those results >> is william going to step aside in the presidency? >> we'll talk about that probably in another segment, but -- we love bill weld and the rest of the group. >> okay. we will leave it there, guys thank you so much. it is so great to have you here. there are a couple of, you know, snags with the squawk box interview, but we are glad to have you here on "fast money". >> longest drum roll ever. >> bruce linton and kevin murphy, we appreciate it tim seymour, i'm curious when you first hear news of this

deal what's the first thing that comes to your mind >> the u.s. multi-state operators will all be bid. so the big boys and gti and klesko labs. it's an environment where you have uss and it is very cheap and there's an avenue for companies to come in here and you talked about it. i think big pharma and i think big consumer products and some of the companies we talked about tonight, procter & gamble and if they want to be and i'm not saying procter is coming in tomorrow, but they have a legal apparatus and having an option, by the way >> they should come in and makeup companies should be coming in. it should be estee lauder coming in and a whole host of others coming in, what do you do with this buy up any name that you know. >> cronos, right >> what was i saying the other night? they are starting to looks attractive and unfortunately, i missed it by a day a lot of these names are red today and you should be a buyer

of any name that you know. >> consolation brands and the 22 times, and they're so far ahead of the curve on this and now you see that the investments they made again, they're two years ahead of everybody else. so you get long consolation brands on the fact that they had vision and the fact that the stock is probably not as expensive as it looks like and it's been telling you now for the last couple of weeks that they like what they see. >> i think the pure plays will be the companies that tim mentioned here i think we will look back at this deal and say this was the moment that the mergers and acquisitions and the consolidation of the space particularly in the u.s. started to take off. so i think you have a huge runway here to just allocate to the space. >> coming up, pinterest and zoom soaring in the public debut. zoom up more than 70% and we'll bring you the very latest on those stocks and guy stepping up to the plate pitching the one health care stock and find out what he's watching when "fast money" returns

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welcome back to "fast money. health care getting a scare this week down 5% turning the xlv sector negative for the year in its worst week since december, but guy says there's one sickly stock about to recover he's at the plasma >> love the power pitch, one of my favorite session emegments we it and trade it.

and the fast pitch here. united health. you're out of your mind. true however, you're talking about a stock now with historically low valuations what does that mean? the last five years, mid-range valuation is 17 times forward earnings and traded as high as 21 it's trading 13 times next year's earnings and that's number one, number two, those earnings i just talked about and i'm disrupted with all of this and everything you hear now is noise. the reason why the stock has gone from 280 in my opinion to 220 is noise maybe it will come to fruition i think there is a 10% chance, but that's what the market seems to be betting on which leads me to my third point, the market is shooting first and asking questions later and what they're simply saying is we don't want to be in the space and we get it's a great company and great valuation. as a matter of fact, they guided slightly higher for the next quarter and the market doesn't seem to care you add that up and the revenue go away and at these levels it's

the same low we've made basically of march of 2018 i'm sure we have a chart i have no way to know how to get it up there, but i'll give it a -- oh! see, if i were to go back one more month we are trading at levels we saw a year ago >> maybe it's the green shirt. everything is crazy today, but today was the performer for two years and it was rock solid and obviously a market leader. not only is the chart broken down, but my sense is that the health care industry with the 20% eps growth and that is the question right now does that concern you? yes. it obviously concerns me and it concerns participants because you've sold the stock off in a meaningful way i guess the question you have to ask is it in the stock i think yes, and the real question you have to ask is the bernie sanders plan or any variation thereof going to go through? and again, i think there is a

chance, but i think the chance is so remote that current valuations and the current price i think you have to be willing to take that shot. >> it sounds like you're talking about a real fundamental story about a shift and the bargain basement price and the last heine you said was the bernie sanders story or some derivation of that. the problem is on both sides of the aisle and it's a bipartisan issue and we'll be looking down the barrel of medicare for all for the next couple of years is this a tradable stock for you or is this a long-term one >> no, that's fair mel peppered me about when the next election, and good for me i happened to know it was november 2020 and you'll have this rhetoric until then. to your point, maybe post that as well. yes, you're right. the rhetorics will wane over the next couple of months and i think they'll move on to something else and you'll get the relief rally that hopefully it will get the stock back to levels they should be trading at >> are you buying or selling

guy's pitch? >> i am also buying the stock. nice job, buddy. >> all right >> b.k.? >> the answer to me is health yes. why would not you? this thing sold out as a trade, why not? >> health yes. >> nice. >> grasso. >> 200 is the stock and 10% lower, buy >> clean sweep here, but are you at home buying guy's pick for united health? vote on the poll at bc fcnast money. still much more fast money still ahead. up. cfa institute.

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internet that puts alright boys, time to eat. that handles anything. [ crowd cheering ] that protects what's important. and reaches everywhere. this is beyond wifi. this is xfi. welcome back to "fast money," new kids on the block, pinterest and zoom, deidre is here to break down both those stocks. >> first pops for both of them pinterest up nearly 30%. zoom soaring 72% giving zoom the fourth best ipo debut of the year behind silk road medical, shock wave media and technologies between zoom and pinterest, they made about a billion dollars in paper gains today and that bodes well for the ipo pipeline this year like uber who is up next. remember, guy, lyft saw a pop on its first day, more subdued at 8% only to plunge some 25% since then

research from ubs shows that it does take a while for the market to properly price these companies. there are very few unicorns that lose on the very first day, but after five years, a different picture. 60% of all ipos actually had negative total returns and only a very small percent had very good, positive returns zoom and pinterest, of course, very different companies and zoom doubling revenue last year and it's seen as the safer, more stable play. pinterest losing money and it may represent bigger ambitions and reach a bigger market. on that note, uber is up next with billions of dollars in losses and to disrupt a trillion dollar transportation market pinterest money losers and zoom, profitable on the other hand, trading in the weeks leading up to the ipo will give us clues on how the public market might receive uber >> deidre in san francisco. >> i think the notion that if the companies go public and there are no direct comps in the

market the market struggles to find a valuation and that seems like it's a message to investors, hey, if there is a company it goes public and a price range is set and you don't really know if that's the real price anyway what kind of message is that >> it's tough, right >> these are different than lyft because remember, lyft you have uber coming right on its heels and there's not really a comp to these and not only that, you're talking about a company that's been focused 100% on top line growth and i know zoom makes money and these are growth companies and you do have this adjustment time and they're under scrutiny that the stoc price can suffer from them >> none of these companies make money. it's a record, 81% is a record >> to be fair, does that matter? haven't we seen many companies go public before they don't make money? they still don't make money, but the stock has been -- these are mature companies and the stock can make money and eventually the fundamentals come into play and when you look at pinterest

when the losses are shrinking, they made $750 million in revenues and they still lost $63 million, so i get it, the growthiness of it and you have to worry about it when you start to see sales start to grind a little bit lower or lose traction and set a trend lower >> a major trend between zoom and pinterest one is enterprise oriented, and pinterest uses like guy adami here who has some kind of thing that he allegedly maintains. >> and one is not a penny stock in china, by the way >> zoom video is confusing and i won't mention the other one. >> oh, yeah, there is a lot of confusion on the ipo and a very large company in china that trades the bottom line is there are not benchmarks for the companies and to me, i don't know why you can even get in and value them i'm staying away >> so you're going to green shirt it [ laughter ] >> i'm not going after guy's shirt. >> anymore >> coming up, this hit an

all-time high and the rally is about to get sweeter, hint, hint we will tell youhe n tame and what has them so bullish when "fast money" returns moving is hard.

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kwwelcome back to "fast money. honeywell, sparking a flurry of activity mike ko is in san francisco with the action hi, mike. >> it's common to see elevated options going into earnings. sometimes it's less common to see them coming out of it and we saw 16 1/2 times the average call volume and most of that was opening and where we saw a lot of that activity was in the may 1, 75 calls and 13 of those trading at 40 sens and those are bullish bets that honeywell's rally will continue and it will go up at least another 4% over the course of the next month, and i would also point out when we look at activity like this we try to find trades that basically characterize the overall sense of the flow, but this day we saw significantly bullish activity in honeywell. it wasn't really a 50/50 shot in this case and definitely bullish activity looking for new highs >> guy, you like hon

>> i'll miss it tomorrow and we've said for years and overlay the honeywell chart and you'll see one company that's doing everything correctly and another company that's doing everything incorrectly and the chart speaks for itself >> all right >> mike, thank you for the action and we'll miss you on friday and we are off tomorrow for good friday as is all of cnbc, but options action will be back next friday at 5:30 p.m. stn time up next, final trade and the twitter poll results (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- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade.

we've been making fun of the green shirt and doesn't guy look good and healthy in it you bet he does! >> he's having the time of his life and america is buying his fast pitch and this is the first time in a long time for guy, specifically, but congratulation, guy adami, pitch on unh time for the final trade. >> happy easter with his green shirt for weed week. >> unitedhealthcare. nice job, guy. i'm with you. >> b.k.? >> the copper is doing something interesting, scx freeport. buying that one. >> procter & gamble reports next week and buy it into earnings. >> in complimenting me you managed to tweet me. it's a great job by you and

it's -- >> she was she tried to compliment me, but it wasn't a real compliment. it was an under -- >> backhanded compliment >> final trade >> boeing, it comes out. >> that does it for us and see you ckere ba hon "mad money" with jim cramer starts right now have a great weekend 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 make you some money. my job is not just to entertain, but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer even though this was a solid day for the average, the s&p advancing 1.6%, nasdaq inching up .02%, i a