see. >> they'll just have to keep jawboning. >> you of twant the carrot to b moving. >> and also chewy ipo will be good to watch. >> coming tomorrow we'll look forward to that. >> thanks for watching today that does it for "closing bell qwest ". >> "fast money" begins right now. >> fast money starts right now live from the nasdaq marketsite overlooking times square i'm melissa lee. your traders are tim seymour, karen finerman and dan nathan. broadcom sinking after moments ago and that conference call is kicking off right now and we'll have the latest we start off with oil crude jumpsing as two oels are oil tankers were attacked and hadley gamble is on this developing story.

>> what we have seen over the last several hours is the intensifying of the rhetoric on both sides of this issue u.s. secretary of state mike pompeo coming out and attacking tehran saying they are responsible for what happened to these two tankers off the coast of the uae, off the coast of iran right in the middle of that gulf of oman earlier today this is the story, of course, that we have been tracking since around 6:00 a.m. local time and it is after 1:00 a.m. in the persian gulf and let's listen in to what mr. pompeo had to say. >> taken as a whole, these unprovoked attacks present a clear threat to international peace and security, a blatant assault on the freedom of navigation and an unacceptable campaign of escalating tension by iran. the secretary of state saying this is part of an overall campaign of escalating tensions just a month ago four other tankers were also under attack two of them saudi tankers and it

was interesting to note how slow the administration and even the saudis and the uae as well were to technically ring tehran on this and back in washington according to my sources was they didn't want to come out too strongly and make the situation worse, but certainly that isn't the case today with the strong words from the u.s. secretary of state. just give me a run-through of the last several hours and the indication that something was very, very wrong and one of the busiest in the world was in 6:10 a.m. when one of the tankers released a distress call and they were based in bahrain and there was another distress call after 7:00 a.m. as well and both of these tankers and their captain saying they were attacked and potentially even by a torpedo. there were flames in the air and the crews had to be evacuated and there was something that the uss bainbridge took part in, but it's interesting, as well, to note the noise that we've heard

out of the gulf countries and we heard a condemnation and it's been pretty, pretty light and the criticism from the countries like the uae and sawed rabe wuda and they've been attacking tehran and certainly with what we've seen coming out of washingtona well and the president tweeting very shortly after the secretary of state's announcement that he appreciated it, that the prime minister will meet with the ayatollah he says it's too seen to think about making a deal. they're not ready and neither are we that was a different tone from what we heard from the president even just a few weeks ago when he was saying hey, just pick up the phone and call me. tensions in the gulf are running pretty high and we'll continue to bring you this developing story. guys >> hadley, thank you hadley gamble in the united arab emirates it's been a wild road for crude which sent the commodity

crashing to five-month lows. tim seymour, you know, a jump of 2%, 3% and five-month lows >> so, look -- >> the response in spot prices of brent or crude, was kind of disappointing when you consider we're oversold to begin with and at least look at the charts and you have brent with basically a downward sloping daily moving average for the first time in a long time and the downward sloping, that is what it is. in terms of the fundamentals, is oil -- are oil prices a fufrpgs or are they a function of demand and i think this is a function of supply where that's a different issue. the demand that he pointed outs on eetd supplies and would the dollar, i think, can also go

higher >> the medium looks challenging impeach. >> if you were able to shut your ears off any say a 2% rise, no big deal and it's an oversold bounce and it's going lower. yes, it is a is up moi issue it is concerning. boil are ole and orange, whether woe want to reven not and the lower it goes and the less demand there is. i don't think oil is done going down we might get a reprieve. in so slowing demand trumps anything that's going on right now in your view in we had these fouren stoonses in pay and how they just said that us, today the u.s. state

department is placing blame without any evidence and that's awkward, too, at this point. we don't want to see global macro tensions ramp up here and if you are telling me that you think oil weakness up until today was a demand issue and you think about everything that's going on in rates and you say man, the ten-year treasury yield is back below 2.10 and is that indicative of a further dovish vet or global growth and the way people feel about it and you say to yourself, those are two bad things and you think the dixie can go higher? it sold off 2% from the recent highs. we have to break out into dicksy and that's not good for oil and we have rates going the opposite way. >> i am concerned it's not a little -- maybe a little supply and demand i'm sort of surprised that the market traded decently today i understand the response in oil itself was muted and so maybe this would be a tiny blip and that wouldn't be surprising at all, or it just seems to me the market is a little on egg shells

somewhat i'm concerned. i'm concerned about the economy and the volatility index and i was not close to selling puts at all, and if anything it was a pain >> i think fedex and maybe next week 26 >> in september that didn't end up being entirely accurate and the q12019 would look like q1. oil got down in 2016 down to $29 a barrel on brent and all commodities were king. i just think this is happening a little bit later and it's a function of where we are with the trade dynamic. i think we are still fighting this global growth headwind. look at the crb index and other plays on commodities and watch glen core which to me is a levered commodity play and as we

talked about with the dollar, despite the fact that the euro is actually cheap to the dollar on a ppp basis and that's purchasing, power and parody if you look at the politics in europe and if you look at the recession that the central bank of europe does not have. >> the dollar is want going that you have and in a safe haven bid, it's a difficult time for commodities. it just is >> this is just one more piece of the uncertainty that bee have out there. we don't know how much are cutting back any we have uncertainty about commodity prices and now about currency prices any ul of thatup for a neat for stocks. in ma does it is a that you are

introducing the geopolitical risk into the fray and nothing happened today >> it is up 15% of the year and it's in a couple of. sent of the all-time highs and you say to yourself we sound downright awful about it and the equity markets have done well and i guess what i would take you back to is q4 in 2018 when there was optimism about the meet between president trump and president xi we thought there was an announcement about something that our president was touting, we are much farther away from that and when we got back after the g20 in early december the stock market dropped in the next few weeks and here we are at the all-time high and the best case scenario is that we get a pushout in the g20 >> so you tell me how the stock market will take a pushout of a deal that a lot of people want to have. >> or how a stock market's going to take a fed that between now and the end of july we'll have to digest two fed meings and we'll have awe sense of whether this fed will cut and be

as far as i'm concerned it's a fed that will be tactically cutting because i understand the mandate and i understand we've had guests come on and talk about the leading economic indicators and you can make an argument i think a cut is praised in. there is a huge risk. >> we're at 87% by july and we get nothing? >> the equity markets want the fed on their side and they've assumed the fed is on their side and i'm not sure that's what they're getting. >> listen, the market is up, but that's exactly the time that you need to be the most cautious and while we might sound somewhat bearish, you just need to be cautious and if you have those profits particularly in this environment and look over the last year we traded in a range effectively and it's been a huge range, but we traded in the range. >> our next guest says this rally is giving off some bad

energy i can't take credit for that ari, what are the charts telling you? >> the trips are lower and it's an asset that should be sold on strength and it's due for oversold relief, but still, i think energy stocks should still be sold. let me show you why. first, let's start with the commodity and one of the biggest drivers has indeed been the u.s. dollar and there is an inverse correlation there. i think on one hand, we don't see the rick of a collapsk of a 2014-2015. in the 2014-2015 period you had a surging u.s. dollar dxy and that coincided with the big collapse in commodity prices and fast forward to today, the dollar is rising and pressuring commodities and it will create a more rangebound backdrop much like the 1980s and 1990s and we're in a secular trading range

for commodity prices and speaking of west texas, we're bouncing off an important level at $50 that's the retracement of oils rally to date and on the upside you're limited to $60 and that' where the 200-day comes into play and why you want to sell it here's why you want to stay away from energy stocks looking at the oil service etf, oih. it doesn't get rewarded when oil rises at the same degree it gets slammed when oil fall ps upon here's crude oil that's still nearly double from the 2016 low at around $26 at the same time oil service etf has been one of the worst performers in the market it's been a stark underperformer since 2016 and what has happened is that when oil rally, oil

service names are a market performer. when oil drops they're a big underperformer again, oil stock oil price rising oil service names market performer and oil drops you get slammed and as it stands now, this oih is at a fresh, relative low in a really established downtrend versus the market. look, we're positive on stocks we think oil prices could be finding a temporary floor, but if the best case is that it becomes a market performer, forget about it, i think there are much better opportunities elsewhere. >> so oih stinks no matter what crude does is what you're telling me in terms of what -- you're bullish on stocks. what should i believe in there is a correlation or relationship between the price of oil and the stock market at large? one would think that rising oil prices are indicative of global direct and so therefore, good for stocks and yet here we are

five-month lows. >> if you look back through history and stocks like stability and the incher markets. they don't like when oil prices surge. they like these range-bound commodity markets and if you think the big,secular bull markets in the past the 1960s and 1990s, commodity prices did nothing through those periods and it was price stability and that's exactly when we have right here i think it's good for the stock market, not good for stocks exposed to those commodity prices. >> ari, thank you. ari wald of oppenheimer. so that's good the fact that oil didn't move too much on these headline, it is stable, right >> for two day, that's the concern. for two days it's table and the concern here and the way oil in my view and the way oil impacts the stock market is when it gets real low let's call up a low $30 a barrel and everybody worries about defaults in the oil patch. between 30 and 50, you have a

geopolitical risk and then there's the other side to it is what kind of quote, unquote, tax cut is that for the consumer paying less on gas. >> it's not a complete disaster to have low oil prices >> how about oil stocks? what do we do here >> he talked about the oih and and, you're down 75% relative to the s&p. and halliburton's balance sheet is not in peril and the question is how will the second and third quarter play out for them in terms of the drilling dynamics out there and i don't think it will go a whole lot better than it has having said all that, at these roughs at roughly 7.5 times ebitda, this thing is a $30 stock without trying too hard. >> it's so bad it's good >> i'm not going to seal carter's favorite line, but i will say that, look, i have been

relatively constructive on oil services and not only back four and a half years and certainly in the last four months and i think at these levels i can earn halliburton. >> we stand with broadcom shares in the after-hours market and the chipmaker is sinking as the guidance is weaker than expected for the full year on sales and the conference call is under way right now and james wang will be here to break down the latest developments plus twitter tanking today as the social media company is becoming the social outcast. one analyst thinks we'll bring you the details in new york city. much more "fast money" right after this every day, visionaries are creating the future.

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welcome back to "fast money," wall street sounding off with rbc issuing a note saying despite the backlash is still the leader of the space and 70% of all social media users admit having an account. pointing to the company's failure to combat its privacy and security issues as more tech regulation looms twitter fell 3% as a result. it's been a great year with snap up more than 150%, while facebook is up 35% and twitter up 25% so should investors heed wall

street's warnings fly away from twitter and just stick with facebook dan? >> the analyst is one of the minority when it comes to twriter and twitter's had a good year and it hasn't done as well as facebook. facebook had a bad year. tim used to write the op eds and all of the spending that they were going to have to do to combat bad actors and secure the platforms and facebook has taken the hit and their earnings are expected to decline year over year and what moffity nathanson is saying is once twitter finally fesses up here and does -- and bites the bullet and starts spending more to do those sorts of things, you will see revisions lower in their earnings estimates and therefore it p/e comes a vebecomes a verye stock. >> whether that's right or wrong, we are more impressed by dau growth which now continues to be even as they root out bad

accounts and one might argue this there's more to do and there's been headlines in the last couple of days and the bogus accounts so good for them, and they're getting you double-digit growth which is something that they haven't done and the earnings multiple and each though they want them to make money they will certainly sell it if the earnings start getting contracted and i think that's the most important point >> fair point, hasn't the market been buying this based upon the fact that you started to see real momentum? >> that's the only reason the stock has driven. >> what has driven the conversation in the entire sector over the last year and a half or so and it will only be amplified if we get it to 2020 to me, if you're buying it because you're excited about the daus, you're talking about it all wrong, and they'll hit the earnings if they start spending. >> let me ask you this, if there is some sort of universal

regulation and twitter is, you know, under that umbrella. is that good for them? bad for them >> do you think it's bad because -- >> they have not taken their medicine yet and they not have done their spending by their own accord and investors will start thinking about what is it going to cost them and it will start extrapolating what it did for facebook which is much more profitable >> and they spend a lot of money. >> how do you explain that facebook trades at a multiple that's half or worse than that of twitter and it gets back to the dynamic. >> it's a buy on. >> sorry >> i think it's a better buy >> it could be, you could make the argument that the market is saying exactly the opposite and they're willing to pay more for a company like twitter and it's nowhere near the business that facebook does it and it gets back to some element of faceboo for security issues and my big point back in the op eds, dan, what is facebook's product it's data.

it's your data what's coming off the assembly line what's the cost of the price sold on the product and they still can't tell you what that is >> we will see a lot more coming out before you can actually get a handle on that, at least for me i will say the wild card on the social media platform is facebook with the payment play they call it a crypto pay, and it's a balanced type of a platform and i don't think it's priced into this stock nor is it priced into other stocks and that's something that could save twitter as well. >> coming up next, i'm melissa lee and you're watching cnbc first in business worldwide and here's what else is coming up on "fast". disney is on a magical rally, and one analyst says this is just the beginning of an even breakout we've got those details. plus, there's one burger stock that's soaring and no, it's not beyond meat. >> tell me, tell me. >> we'll tell you the name and

what has the chairwoman pressing the buy button there's chor"ft nemu me asmoy" right after this

welcome back to "fast money. we have an earnings alert on broadcom let's go to josh lipton for the details. >> i just caught up with susquehanna's chris. thir mixing out lower priced products and note stronger businesses like networking performed better, but bottom line chris wanted to know more about these macro issues and the company is now flagging here and why they lowered full-year guidance by $2 billion and he addressed those issues right off the top of the call. take a listen.

>> with respect to semiconductors it is clear that the u.s.-china trade conflict including the huawei export ban, is create being economic and political uncertainty and reducing visibility for the global oem customers as a result, demand volatility has increased and our customers actively reducingen entry level to manage risk. >> can you help quantify huawei's impact and hock tan did represent $900 million of revenue last year, and the guide down he's given, it was not just because of huawei and it was not one customer and want one company, but the broader macro uncertainty. that's what they're looking at he did try to give positive colors and saying fundamentals of the business are intact and

they're positioned very well for 5g, but you can clearly see the reaction right there from investors. >> josh lipton, down 8.5% rid now. dan? >> we're not seeing the tariff eshs fekt in the finished goods andwe're seeing in the disrupt chain and, and there's a big one and this is one of the rersh raisings, get ready for these announcements in july when they're get being guidance in and you may even see weak happens in the semiconductors pretty much in the after-hours session. you have work guidy hoer and then people will start are abouting about apple that puts pressure apple ask to add one more thing to a pile of concerns

and wooe seeing the semiconductors reduce the inventory. they're thighing to -- i would watch the semiconductors because they're the leading indicator of the global economy >> they're set to roll out 5g, could the chips be set to be higher they're covering all things semiconductors and artificial intelligence and he joins us here with more james, great to have you with us thanks for coming back i want to first ask you about broadcom and what you think of the results and it was want just huawei and should investors be worried about apple which is a major customer >> if you read the comments it seems china focused and they're cautionary around macro. we've never been big on huawei -- sorry, on broadcom it's always been an operator's company. this is all about rolling up companies and squeezing out

efficiencies and we're more interested in our funds to invest in companies that are growing and actually creating opportunities companies like amd and xilinx that are very much control of their own fate because they're still relatively small. when you go for smaller players they can grow despite a headline so it still hurts everybody and it hits chip lows nor matter what, i think the more match are you on are as's, and if you look at jupger social meet yas. el we're looking at products that are more pack row agnostic and don't have a their% revenue hit from your situation. >> from your stand poib, what is the major driver in semiconductor growth rate? >> it is 5g i think it is

important and we don't see it quite as a disruptive innovation the disruptive faphase was 3 or4 and ai will be a very sustainable trajectory for the next three to five years and even beyond that i just gave a presentation in london i'm tracking over 60 companies building a.i. chips and that i think that will be a major player. >> what do you think that the u.s. is a big mrir. >> and how do you think chaina it is possibles that china might be pushing their args e chips. >> we look at the cup of 47s are are% went to u.s. companies and for the first time despite the u.s. having the name silicon valley most is being pumped for the most important chip

architecture than for the u.s. and that's to accompany horizon robotics so definitely china, i think this trade war, they've already felt it and they wanted independence from the u.s. for a long time now. a.i. is a great reset point because the classic players who typically control intel with the x86 construction said they're not in the driving seat anymore. so a.i. actually has a chance to be in the driver for this. >> how do you factor into the companies, that say that's the way you have to play ai if you're not thinking about the possible rise in china in a matter of years if the earnly with their own ai chips. >> it's hard to tell and we're including the possibility to end up with two scenarios and serving the domestic market and the u.s. and some of the european companies serving the

rest of the world. it remains to be seen if globally other customers would be willing to take chinese ai chips and they still have to prove themselves and they're very early in the software process. >> and you could be in aiwa way cte. >> james, always great to have you there. >>. >> who makes complicated stuff sound very interesting back to broadcom this is 10 billion in free cash flow and we talked about silicon and the 200 and 400g silicon ramp is still a beg keel and huawei is a big deal than huawei in the short man, but i like broadcom here. >> for the economy at large, right? >> this concern that they have for the second trade war where things turned around pretty quick leigh, i don't think that a teal in the works

spendsing. i think it would have to be a done and signed deal before companies get comfortable again. >> it does seem like market participants get demured, right? >> so james brought up amd which has had a fantastic year it looks like it might be on the trading perspective it's at a double top potentially and if you like amd and you want to go with what james is saying wait for the pullback to 30 and use 29 as your stop and look for it to break through the double top. >> i'll just mention this. obviously, broadcom isgetting hit hard down 7% and you want to talk about xilinx which is a huge mark leader from its group and it's down 30% since they guided down and past leaders in this space have broken and they're still up on the year, a lot of them, but they're broken, but if you get more headlines like this i expected it lower in the as target launches same-day

shipping and and it's hot and the one stock on phier afire an not beyond meat. the name when "fast money" returns. california phones offers free specialized phones... like cordless phones,

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the delivery wars rage on as target gives's same-day shipping option to keep up with walmart and amazon who announced next-day delivery recently target and walmart both outperforming amazon which has been hit by big tech regulation concerns so while these delivery concerns keep heating up we'll play a little would you rather. >> would you rather? >> that would be too much for a guy. that extra rather unfortunately is not here. >> target, walmart or amazon, tim? >> well, i'll tell you what. i like target over walmart and if i had to do the other rather, i would actually take amazon i don't like big box period. i do like amazon i've never liked amazon's multiple, somewhere i got comfortable with that and i do think that amazon is in a place where they're competing and winning in the consumables market which is effectively food and staples and that's a trillion dollar market and they're putting pressure people

like walmart to have to cut even more they own delivery. why would you go to everyone with the dynamic that they're trying to emulate, but i do think target over walmart and amazon over them both. >> it's tricky, actually, because target has run so much in the last very short while so i like target, but i think i actually amazon at this level and the reason -- >> what? >> i know just because target's run so much someone. >> shocking. the valuation gap between the two has not collapsed, but it's narrowed and amazon's skill makes me lean toward amazon and my portfolio isn't that way which i should maybe change it, and then the second part of the rather, i would rather walmart than amazon and that valuation dynamic or differential is exceedingly high and so i -- you know, obviously, amazon is the one to beat here and there's a lot of room where they could trade >> is there walmart going after

the shipping option? >> yeah. i think so i think of all of them, walmart's done very well, but of all of them walmart's probably the most vulnerable at this point in time and it's moved up quite a bit and it's done a lot of the work that target has still continued to do and if you think about amazon, who operates well when margins are compressing and that's amazon's business, and i would make it simple >> i don't think amazon is playing the game right >> just one chous, it's basically a teared often i'm just saying amazon, you could sell theth ones. a two by 1 -- walmart at 90 and they're back to the prior 2018 highs and to your point, i would be shocked if they could meaningfully get above them. >> on the flip side of that -- >> neither

>> 23 you get a break out in the market. >> i think you all played it right. she's the judge. there we go. >> everyone doesn't need a trophy here, mel. >> i'm the number one person and everybody else gets a trophy we are awaiting chewy's ipo price but will its bark be more than its bite? we will explain, plus disney soaring as morgan stanley say d all of the magic ipreds ic in. we have the details when we come right back my degree from snhu has helped me tremendously. the flexible class schedules allowed me to go to work full time, run my catering business and be a mom and parent. when i reached this accomplishment,

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welcome back to "fast money," the ipo market keeps barking as we await the ipo for pet supplies company chewy leslie picker is here. i'm sure you've heard every pun under the sun. >> i have, but that's a new one, melissa and i'm impressed after the span of the day, but the pricing call has been ongoing for over an hour now and we are still awaiting a final decision for chewy's ipo and typically, though when a price range is hiked as chewy's was yesterday that means the company will opt to price at the higher end of the range or at least above that the company boosted its ipo price range by 12% yesterday at

the high end of the range, chewy would raise $117 million and petsmart would raise another $756 million petsmart bought chewy two years ago for $2.5 million and it is ipoing it for more than twice that valuation petsmart will still maintain control over chewy and thanks to a dual-class share structure it will maintain voting control even if chewy sells more stock to the public. the pet industry has been growing rapidly and chewy has benefitted from the trend with a top line growth rate of 59% last year and the company remains unprofitable and faces steep competition in the face of amazon which has recently made a push in the list the stock will be listed under chwy and will begin trading tomorrow we will see where it stacks up among the high-flying ipos of the year fiber is the latest making its debut up a whopping 90%.

crowd strike was up another 16% today on top of yesterday's 71% gains and including those two and weave seen 13 ipos jump 50% on their first days of trading this year. melissa? >> leslie, thank you leslie picker at the nyse. we always think about uber and lyft and what difficulties they've had out of the gate and overall the ipo picture has been pretty good so far. >> a lot of these smaller ones have done well and it's a supply and demand sort of thing uber and lyft also feel like they're basing a little bit and the fever has broken to it is down side and uber is 50 cents from its price of $45 and lyft feels like it's been basing in the mid to low 60s in a while. so if you have a better market and you may see these things start to break out a little bit. >> if you think, for me, the ipo has come out outside of uber and lyft and this is cybersecurity

platform, they have 44 of the fortune 100 kleins and this is vital to their success, and of all the companies that should trade at a model and rid now i am less concerned even their their addressable market, and cisco and not mcafee, et cetera and i think these guys and let's see the multiples and it's had a huge run out of the gate, but this is very interesting to me. >> no one's going to talk about beyond meat? >> i'll talk about beyond meat >> as a stock. >> the burger, the product and the food although i like impossible burger. >> weren't you a seller of this yesterday? >> no, no matter where you go, no matter what restaurant you go to they're out of it and you can't get enough of this stuff

>> who would go to for a fake restaurant >> that guy right here >> no one does it. >> they do that's the point they do. >> you're a steak guy anyway no plant-based anything for you. >> i just think that it's been a great announcement, one a day of a new restaurant chain picking up these sorts of things and in about six months we will see the consumer studies basically saying that no one's eating them >> that's six months from now. >> and the raisin rooted brand. >> every company will have an alternative to meat and people like restaurant, and the big restaurant food suppliers are the ones that will really clean up on this especially as these guys create demand for that product. >> red robin which serves impossible burgers receiving a takeover from vintage capital and it would be willing to buy the company for $40 sending shares soaring 30%

karen, why don't you give us your fine print on this. >> i found this fascinating and i bought some red robin on this news the company that doesn't have a ceo now. they had reported a terrible quarter and they announced that the ceo was fired and they're searching for a new ceo. in the meantime, though, they've had these terrible earnings and vintage comes along and they buy an 11% stake at, you can tell from their filing. they paid over $30 a share and that's interesting to me you can buy it here at 33 and that's not a lot higher than vintage paid for it, however, we did see one quarter of very happy earnings, we can call a special meeting and, and you talk about being willing to buy the company for $30 a share so the board came back tonight and said we will consider any

bonified job, and they're on the erd and they have to do that that. >> your bet is ghosn foyed and no financing secure tweet so that means it is entire wasn't entirely secure rl on a rally, and on a store basis, this is an attractive franchise that could actually be worth a lot more in a different struck ature, and a different owner and focusing on difference things like franchising or, for example, they have a lot of real estate and getting some value out of the real estate and so they think it's attractive. we'll see how the board responds to them beside just this letter of we'll consider any bonified offer. so now the stock has traded, i think, more than 30% today, of the float. everybody who bought stock today

is an arm who wants vintage to be successful in thissen deafer and this is a very interesting situation and a lot of pressure is on them and i would want be surprised if they're getting pressure from shareholders and other bidders and they can come back and say we're considering a process and they can be difficult and sue vintage, as well, but vintage, they're not patient guys i think we will see something in short order here i think it's interesting >> coming up, disney beating rival netflix at its own game as it doubles down ahead of the streaming debut, but has disney come too far too fast? more fast money still ahead. guys, get in here!

who's a good boy? it's me. me, me, me. hey guys! you're gonna want to get in on this. i know how to those guys in here. let's pause the internet on their devices. wohhh? huhhhh? [ grumbling ] all: sausages! mmm, mmmm. bon appetite. make time for what matters. pause your wifi with xfinity xfi and see the secret life of pets 2 in theaters. welcome back to "fast money," check out shares of disney getting a big boost after morgan stanley raised the price target from 160 to 135 expecting big profits from disney plus and predicting the service will have more than 130 million subscribers by 2024. options traders want in on the profit, too. dan's over on the plasma to break it down. what did you see >> the call volume went berserk with five times average daily volume and five times that of puts and the stock will break out towards those prior highs.

the next real big, vent for disney is going to be their earnings and it will come in the first week of august and it is implying a 9% move in either direction between now and the first week of august, but today the action was really interesting. it was a lot of short dated calls in the weeklies and th most active was the june 21st next friday expiration and 140 calls and 38,000 of those traded an average price of 163. a lot of those bought to open and what are they trying to do here and playing this momentum and playing for a breakout and we're seeing some stocks break out and when they do, they're doing so on pretty good volume and let's go to the charts very quickly. i have a one-year chart and this was the gap where they gave that guidance about the streaming network and investors want to know incrementally more guidance and that was the prior high and we're getting back up towards there but on a five-year basis, i think it's pretty amazing. this was when they basically started to tell us that earnings

were going to get hit because of everything that they hadn't been doing in streaming and over the top and that sort of thing and we had this multi-year consolidation and that was the event that broke it out last month where they basically said things were going better than expected i would expect this stock to have a ton of support down at this breakout level which is about 120. very bullish, tim, quickly >> if you think about netflix and 140 million and they'll be five years and 130 and everything else studios and you name it, consumer products, i'm long disney and i'll stay long >> the full show's tomorrow at 30asrnime 5: ete tand up next, final trades i don't know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect.

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final trade, tim >> how about that disney in if you think about the valuation of netflix and the disparity. we can make an argument that disney is not only not expensive, but it's cheap here. >> chairwoman. >> i want to add one more thing on red robin, it traded at 40% of the float and every one of those holders would be likely voting for it. so that's my final trade, red robin. >> it's up 4% after hours, by the way. >> you genuinely don't want to be on the other side of karen's trade. xlf. >> i thought you would short red robin. >> no, no, no. that's crazy >> danny >> i think the most impactful thing that happened today was the guidance after the close by

broadcom and the reasons for it. i think you continue to sell semiconductor stocks on rally, specially into the earnings in july. >> all right that does it for us, see you back here tomorrow at 5:00 don't go anywhere. "mad money" 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 is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain, but to educate and teach you so call me at 1-800-743-cnbc, or tweet me @jimcramer. welcome to the barbell economy hey, that's my takeaway when i look at the retailers who reported this earnings season. the high end is working. the low end is wki