>> probably. love peas you don't get them as much in america. peas with almost everything back home we grow them our sold. >> peas porridge cold. >> crushed pea on toast rather than avocado we are out of time alas. but we continue this discussion ourselves. >> "fast money" begins right now. yes, it does three peas in pod at the nysep thank you. and here at the nasdaq market site a little further uptown i'm brian sullivan on this rainy tuesday outside the trainers vent yurg the weather to come in tim speerm. karen finerman, dan nathan and guy adam y with markets set another slough of record. from the bullish man on wall street he tells us why he is so optimistic and what the biggest richlk to the market rally may be plus bogey you know it's halting production of the 737 max and

maybe you don't care but you do care about the american economy. and boeing's news impact us all. we tell you whip process then apple hitting the all-time high today, three analyst have three different takes on the same stock. we'll find out who the traders believe is right all that as we begin with an earning alert on fedex not good. >> fedex stock down again, missing on earnings and revenues lets get back to eric chemy at cnbc hq with more on the fedex flop. >> that's right a disappointing quarter for fedex. ceo fred smith acknowledged in the release that the fiscal 2020 is a yeerd of continued significant challenges and changes. the the company missed on top and bottom lines setting weak global economic cannibus, increased fedex ground costs, the loss of busy from amazon, shift to lower yielding services pb, no competitive pricing environment and late holiday shopping season. looking ahead, the company reduces guidance to reflect

lower than expected revenue and higher than expected expenses. fedex also implementing reductions to its global express air network and restricting hiring, all to help improve productivity and match capacity with kpand li demand for example fedex is eliminating many international flights to reflective reduced global air freight demand they are negative for 2019 investors have the chance to hear from fred smith and the executive team on the conference call in 30 minutes back to you. >> eric chemy lets trade this. we were making comments guy adami about fed action going this into that. >> that's right. >> the stock is down what 10% over the past year ups up 24% i mean eye, the gap widens what is wrong with fedex. >> well you could say it's operational. you could say maybe some head -- maybe should be changes in the c suite. i don't know but they lowered guidance a

while ago to $11 to 13 dlrs for full year 2020 that was lowered guidance again down to so.25 to 11.50. >> they have no ability. >> no clue whatsoever np number one stopping stop giving guiden because it's not helping operating margins go the wrong being way. huge eps miss. and we talked about this when bernstein lowered the price target when they traded 133 they are late to the game the stock is rallying but wind up being right -- we said is last night 1511 the price target. i guarantee it's probably there now. >> i'm sadly long fedex. >> still hanging on. >> well i want -- i always want to marry the call. last we were talking about trades at a discount and it should and you know, very frustrating to hear why they missed, you know, they talk about weak global demand, talk about the short selling season, because of

the way christmas falls, talk about amazon none of that is new or surprising. >> yes, they are shocked by the calendar. >> right. >> nobody. >> i wasn't sthokd. >> nobody looked at 2019 and said oh my gosh thanksgiving and christmas are close. call to the ceo. >> you talk about changes in the c suite. they tried to get succession and didn't work out. that's frustrating as well i mean, the bar was low going in and hit them in the face >> how much longer, karen you holding on. >> unless they say something different on the call i have to throw in the towel. >> that's interesting. because i'm someone that still has a lot of faith in fred smith. certainly if you asked me four quarters ago i'd tell you he was one of the best in the business in any c suite and changes in the c suite involving him i think it would be would be massive. but what's disappointing how this can they know have visibility in the business i realize it's a trade war not what i hear from ups

matching kmats with demand ups is doing that. they've been cutting cap x this is a trough smaumt three-quarters i'm wrong on that this is frustrating. this is a stock as we want to believe in the industrial charge forward and the transporting giving you some late cycle umph, this is the stock whether on the charts above 20, basing and get tlg. this was a big disappointment. the fact they missed top line, bottom line and can't tell you about their business is probably as disappointing as it's been the last three-quarters. >> i would say it's also worth broadening out at one point and a half i star which makes trucks is sells to ups, cat pilar down fiscal out look down 20%. there are a lot of things company specific i don't think fed smith is the problem. you know, lets take this -- separate it from the trade war situation and say that maybe

there are some other things going on as far as global demand for the services. >> right that's -- should have been priced in. >> it is but you look at ups trading at 15 times you were talking about ups or fedex trading at a discount to the peers and market. >> that one. >> this is going lower this traded below 140 back in september, october, the last time they guided down. had the 25% bounce from the trough down there. so 150 big level on the chart. i think you see this re-test but not anything come. >> again, guy be because fed seks is a transport i think to dan's point broadening it out be is fedex a fedex problem. >> yes. >> is fedex a global economy problem? because people look to transporting to sort of exappear trait out where the market goes. >> i think fedex -- you and i know the answer to questions like that are typically both however, it's far to -- 85% a fedex problem. i think a lot is self-induced.

maybe a lot unvafdable i don't know but i think it's fedex specific. i'm glad dan brought up and a half navi star. this topped out in 2018 at now $27 stocks with a buns there are a lot of warning signs we try to bring forward each night. i don't need any help looking foolish. but the market has done that "fast money. the market has a way of making you look dumb in the face of what has been extraordinarily disappointing data out there. >> lets talk the five-ier chart of fedex to to your point on navi star. this was a $275 stock not two years ago. the stock is falling like of an internet name or something, you know with no base all the technical levels are breached.

it's lost $110 in 20 months. >> well, tnt where it sort of started -- >> the deal they made for the private delivery company. >> yes. >> that was a totally accretive deal, right. >> the idea. >> tnt. >> a driver for the fedex and the multiple and important trade until it wasn't. now it looks like that europe is the big problem and the air freight internationally a big problem and maybe not integrating as well. >> do not didn't mean you cut you off. >> i think the integration with tnt, the disaster that's been a hunl distraction for management as well. a lot of things went wrong. >> karen you owned it a long time, honest about that. >> yes. >> you're ready to throw in the towel. this is fedex sort of a duopoly in delivery. >> but there is not. that's the thing no longer. >> well with people are- individuals delivering boxes for

almedan. but amazon didn't exist 15, 20 the years ago. fedex has been around 1:4571 since fred smith founded it. you know, it may not be run that great but the values and the fact that it's clearly not going away will maki it a deal. >> i thought that yesterday. if you go out along it's the same as at that price. at 164 where it was yesterday, 166 this morning i thought that was in there. yet that turns out to not be the case it's not a duopoly anymore and you have the post office, you have amazon. that's not going away. >> when you throw in the post office as a viable kpeter. >> yeah. >> really the biggest issue for the company if you want to own it would be the global economy in other words, if you have a view on the global economy that's not bullish and take away fed action from the transports if you follow the transports buy the etf, the iyt of which fedex is 9%

the iyt arguably is about to breck out if not for fedex would be breaking out. with would be in concert with the other parts of the market we wanted to see. i know want to talk about navi star appear the broader read you may be right oom i'm not telling you the world is a great place but what we are see something the rails and airlines are on a decent place both in terms of business and charts. >> let me make a pint. fedex was a company that took heat in november you remember they cut the tax bill to zbr zero 2008 "the new york times" story, they caught the heat about that they had the lobbying effort to get their own tax bill you mechanicsed the 27 a 5 number january 2018 that's when the enthusiasm was in the market and individual stocks about the kaks cut. the stock mab going up or left to the bom right. >> tax cuts can mask a lot of bad with a company only for so long then what happens is what do they say the when the tides come

out. >> who is the not wearing a bathing suit. >> well there you go it's family show here. >> ouch. >> i guess the point out even with the benefit in 2018, the slowing global economy, the trade war did its number, the company has their own issues and somebody secular with. >> fedex is now karen's ex divorcing the sock. >> but i do -- there is the year where a lot of went the right to take a tax loss i could buy it back in 42o 31 days. >> if you do let us know we hope to see you against i don't know if you'll see fedex again. the conference call getting you said way you have to wait until the show is over to get on it we'll bring the big headlines. just getting started on "fast money. up next, old school. repair the old show street signs, the good, bad and ugly on apple. three different analyst with three different takes on the same stock how is that possible the biggest, baddest pull bull

on wall street is with us. john oppenheimer's john stolts is with us live, from times square in new york city. much more "fast money" right after this - [spokesman] if you've tried college but never finished,

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all right. welcome back to "fast money. hope you're having a good night. lets look at shares of apple guess what, a new record high today. barely news anymore in my every day new record high. but the question is why do three presumably smart analyst all have different takes on the same stock? lets look at the good, the bad and the ugly love that movie. >> bring going back. i love it. >> you have the graphic. >> starting with the good. >> all right. >> cowan calling apple one of the favorite ideas into next year upping the provides target to $325 ins at a net they say not bad but told investors be careful on apple. analyst concerned about the 5g rollout and what it might mean for the company. finally, the ugly. an ugly call rosenblatt estimating the iphone sales in china fell 30% in november and more trouble on the way. in fact rosenblatt seeing a drop

in production overall for the new iphone 11. three analyst three different views, guy adami. >> yes, sir. >> i hate meng mentioning the rosenblatt call because they've been so wrong but i'll give them credit for sticking with it. they have a $150 price target on the stock. who is right. >> you know where the stock was this time last year. >> right here. >> half this. >> basically $150. >> a good call two years ago. >> well a year ago my point is it's not like it wasn't hasn't been here. the stock has effectively doubled in a year. i don't go the eli wahlic route i'm in the levankleef, in the middle he happened today a great job. >> you are saying don't put new money to work. don't do the vacuum thing. and i'm not pretending i've been

a raging bull robert de niro in the stock. but what i've said for months, we have the $14.907 earning next year a 19 multiple. effectively a market multiple. do the math and get $280 a share. where did they close today $280 at these levels given this run it's about where it should be, breyen >> thank you go ahead, karen. >> well, i was going to say theed. >>. >> the clint eastwood. i didn't relief how they got there. which was they change the multiples. they didn't change the industry petition they changed the multiple. >> saying it deserves a higher multiple. >> a new new year of multiple not earnings >> that brings the stock up because you say. >> shall did dsh. >> the brought up the stock this year how much were earnings up this year sully in sorry to touch you. it ip incorporates anything to happen in 2020

for a stock literally up 99% since the close on january 3rd when the company announced the preannouncement in a a decade, why because chinese iphone sales were weak. that's the rosenblatt call, the credit suisse call, that they were down 35% year over year in china. let me tell you this you bought this stock at $280 with all the funky math because you think that the iphone 11 is doing well and 5g is going to be a supercycle you are doing it wrong. i'm telling you wait until the end of next month see what comes out and you have opportunity to buy this. >> all good points but my point is this is a stock that always got a valuation discount to microsoft, everybody else. you wonder at what point apple had a single digit trailing pe. >> that change as she shifted the and they shifted the business obly higher.

>> last song bought op itunes. >> baby come back by player. >> nigh pull by me. >> spotify. >> yeah, quickly to micron. >> despite the haircut dan is ugly right now i'm long apple i don't want to go ugly. but it's moved 6 a% since june, the rerating they took as karen said on hardware to 24-27 for the blended multiple so i think you should be cautious even if you are an investor as i am. >> okay. stay with a the kircht decks micro. getting throwing in the towell to upside. matt bryson says the improving cycle for memory chips will serve as a tailwind for the company. we had bush seems 407% upside for the stock. microns second upgrade this

week yesterday susquehanna upgraded to positive. whatever that means. there is a report tomorrow after the bell dan nathan is micron about to rip higher. >> the d-ram the memory is coming a year out. when you think about this stock up 65% on the year double the nasdaq. you might have seen some good friends in front of tariffs where you saw double ordering by a lot of micron customers. i would be cautious. the stock it just broken out here it's up 8% in the last week. i wouldn't buy it in front of the print last quarter no bhaert what they said the stock was down 12% the next day. i suspect you'll have opportunity after the print. >> that's a chart that looks like you want to break out because it is breaking out here is what i'll say about d-ram prices in 2019 you went from $3 down to

$1.65 and people with saw the ip flex and 5g wsh probably not next year but 021 but this is a stock overshooting one way or the other. >> d-ram is oil. the and boon pickens says the cure for higher prices is higher prices prices come down micron cuts guidance it's a tough stock for years. >> it's extraordinarily difficult. people -- you buy this not at the cheapest valuation tip cheh it's speptsive. >> like a modty by the way but i think the reents high was may of 2018. 6 .5, $62. i could see the overshoot to the levels but i understand dan i think it's flushing a lot of the people on the upside people throw in the towel and then the stock rolls but it find out early tomorrow afternoon. >> as we noted after the bell we'll get more tomorrow, and if

you want to get more on any releases any earnings g g go to cnbc.com wait until the show is over in the meept here is what else is coming up. >> markets at record highs you ain't seen nothing yet we'll talk to the most bullish man on wall street to find out where he sees going is to stocks going no 2020. plus the worst performing sector of the year. is energy really stanling a turn around the story and more when "fast money" returns and i'm still going for my best, even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'll go for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. what's next? sharing my roots. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding.

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welcome back to "fast money. it was another record-settingdy on wall street the it would, s&p and nasdaq all you might have guessed at all-time highs let me tell you how math works

guy. >> go. >> every time the market goes up if you are at all-time high that would be what. >> a new high. >> our bob pisani joining us live from the new york stock exchange with more break it down, make sense rein is in, bob. >> nobody betting past you brian. stocks in record rally mode. the dow, s&p, nasdaq all closing at new hi highs though barely. this marking the 30th record close of the yoor for the s&p 500. new highs are expanding. and it isn't just a small group of supercap like apple or alphabet we've had that problem before. not now. there were over 20 oh new highs and over 3 oh at the nasdaq. the new york stock exchanges advance decline line at historic high the victim/witness has been broad, that indicator bullish for the markets. leading the charge banks, bond yields rose after strong housing and industrial production reports pushing the big banks, bank of america, citigroup,

goldman sachs to 52-week high was regional like key corp and it's joust not the u.s the european stock 60 oh closed at historic high yesterday nikkei alexis at 52-week high. believe it or not it's close to a 20 li 28-year high fueling the rally are what i call the four horsemen moving markets all year first fed is neutral second chances of u.s. recession diminished greatly third the outlines -- calling it outlines of the truce on trade and tariffs. and finally some signs the global economy is bottoming. but the growth picture is more myrhh murky especially after boeing could be halting production of the max jet. that's rippling through the supply chain especially ge and spirit airlines another supplier

boeing's production could dent u.s. growth shaving off half a% from first quarter gdp that got a lot of play amongst the trading community today. back to you. >> yeah talking about it a little layer later on on the show thank you very much. quickly before we get to anything else. does anybody here own the japd market the by far the cheapest on every market in the world finally getting respect. >> yes, "i" -- i'm long a whole bunch of international stocks. owned it a linc time it's nice to see -- still cheap. >> from 8,000 to 24,000 and still trades at one times sales. >> and they are paying dividend. a big structural recrafting of the corporate approach to dividend and payouts appear they are going g to do a. >> wall street as a top market john stoltz releasing the 2020 year end target expecting the s&p to hit 3500 a 10% increase

in current levels. how are we getting there is the question lets find out. john stoltz is the chief investment strategist for oppenheimer. >> is this like someone has a 3475 lets price this rye. 350 how dhou did you arrive. >> every day we wick up and say should we turn bearish and look at the markets, the math, the economy, look at what's happening geopolitically. >> what's the math. >> what's the math gets you here. >> the mathematic that gets me here is that we have seen remarkably good growth economically based on all the problems with the tariff war, all the problems that we have had with the economic slowing we have passed through in the fourth quarter of last yearen a a good half of this year remarkably looking at the data is wasn't recessionary companies have done remarkably well, the s&p 500 negative

earnings growth last two quarters as i recall but much better nan expected. so negative growth not as bad. and revenue growth is beginning to show. and in the old days if you had had good earnings growth, and revenue you growth was soft. >> gary bears would say this is. bad to be a bad thing. but now ref nugt is guardian he is good. earnings growth is weak but not as weaking a ekted the third quarter earnings -- don't be jumping they were looking -- consensus looking for 4% negative growth kim in a the 1.3/8. >> do we care about eps anymore. because the amount of available stock is available so strong at 20% to the duebacks you can game that number the revenue side sounds more optimistic. >> we're looking not only at revenue but also the earnings. you have to have earnings. and the earnings considered what

saved earnings this year in a lolt of way it was the second year of tax reform so the comps tough. but the reality is more companies got to save more wlaf they earned than turn it over to the government that offset problems companies may have had with the tariff war, may have had due to slowing. they got to keep more jingle in the box. related to buybacks, for years i haven't liked the buybacks but in the latest cycle it's not bad. because the biggest richk for most companies around the world, most companies, is overcapacity. it was proven in the chemical industry just think why did dow and dew point merge? they merged because china had developed their commodity industry to such an extent there was overcapacity overcapacity in aluminum if you remember a few years ago created. process. next thing we are moving to overcapacity in it text. if you are not a. >> if you don't a stock on the

10 and if goes to 15, the reasons why don't matter you are happy but the fed expand the the balance sheet the fastestive over the last decade. how much does that play into this in gnaws because in my opinion that plays into this. >> particularly more trader short term opinion of the market and where the opportunity is however that said i think what really enables the fed to act the way it's acting, being able to be very sensitive to both weaknesses as well as strengths within the economy, i think is the very fact you have technology and globalization that are counterinflationary they create abundance of -- within the labor pool -- the labor pool is well informed. so it's hesitant to demand the kind of increase in wages it used to. with companies today a relative up start of a company can in a short period of time with acable

to affordable technology and easy access to the technology can be competer peer. >> you ignore food prices be no inphrasing. >> if you look at college -- college prices it's more it that's the inefficiency medical prices those are around the corner when the iphone starts helping you out with a lot of the basic medical stuff where you don't have to go to the office that could be a big help. >> john stoltz 3500 price target right now for now that's for. >> for now. >> right now there is somebody watching "fast money" i'm going to outstoltz, stoltz. >> if not tomorrow the next day. >> you go like this you nope what it is wall street strategist inflation. john, thank you. >> thanks. >> 3500, guy adami buy a stock at goes to 15 you don't care. >> you don't care the reasons why. finance. no you don't tp you don't bury your head in the sand and about

a say this is the world is a great place. i don't think it is. oni'm not bringing back the guest. i would use reckless as the operative word to describe the fed. that makes markets 3500 you have to have $175 earnings for the s&p 500 with a 20 multiple. in my world that's a little bit of a reach while you look -- why are you looking at me with those eyes. >> eps coming into the year was expected to be $175 in earnings where are we ending up 164. you have the multiple expansion in the s&p 500 that's anticipating whatever growth we have in 2020. >> great stuff, guys appreciate it. come up, economists predict that boeing's halt in production on the 737 max will indeed hit the entire american economy. you may not believe the impact on jobs and gdp that could happen we'll connect the dots plus healthy gains into major healthy stocks today that makes

them feel so good. i give you the names and what's going on when "fast money" returns. and that for me is what teamwork is all about. you can't do everything yourself. you need someone to guide you and help you make those tough decisions, that's morgan stanley. they're industry leaders, but the most important thing is they want to do it the right way. i'm really excited to be part of the morgan stanley team. i'm justin rose. we are morgan stanley.

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all right. well bang to "fast money." you think that a day after boeing nounsed halting production of the 37 max the

stock is lower that was not the case today. boeing shares managed to finish unchange while the production halt didn't impact the stock too much today. it could have impact on the entire american economy. steve liesman at hq with more on the story, steve. >> it may be hard to imagine but economists estimate that boeing's decision to halt production of the 737 max can lower overall u.s. economic growthin the first quarter and maybe do measurably. the negative affects they estimate could be larger than last year's government shutdown. forecast he is both jp morgan and oxford economic say the production halt could save a half point off the first quarter growth the problem is the first quarter outlook looked weak now closer to 1% instead of 1.6 that will make it one of the weakest quarters in years. growth is expected to rebound when production returns. but when this thaps is an open question. >> at this point, you know we are facing a situation where you

have probably about 450 aircraft in inventory because boeing will finish producing currently the aircraft in process now. the international regulators still have to act and while we assume that europe might be relatively soon after the united states, who knows when the chines and other major markets may look to obviously fall in line >> for new be with boeing said it won't lay off any of the 12,000 workers building the 737 max. but if the stoppage grinds on suppliers might find it tough to hold the line on jobs. and boeing could as well back to you wib breyen >> steve on the big story. karen, what do you think not only boeing but boeing's impact on so many companies. >> that number is enormous i'm surprised it's that big. obviously it depends on how long they are -- how long they stop production for but i find it hard to believe actually 0.6% or 0.5%. >> calling steve liar. >> i'm not that seems too high for me

as it relates to the stock kind of interesting we talk about stocks stopping going down on bad news this is pretty bad news wasn't the most shocking. there were stories it might happen. >> the stock has held up. >> it's held up i'm not along. >> down 4.4o 3% yesterday on the new. >> it's trading in a range that's been miraculous when you consider the stock. >> you just mentioned yesterday. >> and i think it's because, dan, you have the situation where it looks like like phil lebeau told us yes customers cancel the boeing is selling a different jet. >> this is where i pass the baton to you cash flow, when is the last time you see the company like this have a 99% cash flow hit in a year that's where it gets serious and the stock range with the number 320 orring >> sure. >> that's where it comes into

question. >> let me grab the baton i'm over here now. you're right we talked about yesterday when it the news came out this is a free cash flow machine and went from 0.4 times net leverage to 2.1 times tp because building they don't want to furlough and do xyz. >> in in terms of the overall kme think about the growing they might full forward they'll have closer to 500 planes on vrpt end of the year back to the stock, what was the reason they made in announcement it has a lot to do with showing the fa a not get ahead of you manage the news and manage expectations and that doesn't mean they will be as bad as they said. >> good discussion on arguably an important stock coming up is this stock the most undervalued play in health care? one firm thinks so there is the chart don't answer you guys >> mystery. >> i don't know it's a mystery.

>> you know who it is. >> like sara maclaughlin. >> she is building a mystery buy why goldman sachs says the worst may be over for the worst performing sector is it time to throw energy in your portfolio we'll figure it out coming up. stick around (soft music)

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one thing different about lily is how fresh and new the revenue is next year more of half products laufrmd in the just last few years pan no patent spiresees on the horizon pef we are chasing that patent spiree trying to outgrowth we have a different position several blockbuster drugs zbloe growing and clean period ahead to grow the company. >> all right obviously jim sitting down with the ceo of eli lilly upping the giepdens. it's a good interview. catch the full interview at the top of the hour on "mad money" on cnbc. staying with big pharma. shares much j&j getting a lift following the upgrid at morgan stanley. your call of the day the bank calling j&j, the most undervalued stock in health care adding the legal woes have been providesed in.

morgan stanley upping the price target to 175 shares of j&j 12% on the year even with guy adami all the legal headaches around opioids and talcum poude >> excuse me. >> talc. >> talc there's been headlines, guy. >> i've been following up on that it's important, the powder what do you want me to say. >> do you agree with the morgan stanley. >> no i don't. i can't say categorically with if the headline risk is gone i understand on the valuation basis you would love j&j it's ha had a significant move and it's bumped ens levels it topped out. i think they are late to the dance which is something you never want. >> a lot of notes are interesting out of morgan stanley. but done it two ways they talk the fundamentals, the medical devices and pharma being a driver for outperformance when it is the stock moved. but they also take a linear approach to itself relative to s&p. they said at one point trade bag

a 10% ream yum about a year ago. now at a 15% discount to the s&p. and and even if you put it to the 5% discount to the s&p it's $170 stock that's where they're going going. and i think that's interesting. >> in the same call they upgraded two names obviously johnson & johnson is one name you guys do fmz all the time hill romland hrc, call it the favorite mid-cap pick. if you go to the hospital in a bed that moves, it's probably made by hilrom they do that stuff. hrc anybody have an opinion on hilrom. >> we trash i don't wish vision of "fast money." >> you can't get -- no. >> i want a base. >> yes with, i'm not getting in one of them beds though at gunpoint i'm sure they're beautiful beds. but i'm not looking for the hospital any time soon. >> value added j&j top mid-cap pick. you're welcome, mere america if you are buying the bullish

bet on j&j dan has a way to play it through options he is going to the plasma and break it down. >> i will do that. today call volume got really hot. about 5 times that of puts you're needing one of those hilr oh m beds soon buddy. >> we mentioned this stock is up against resistance of the 52-week highs a bit. but with the call value there is a interesting trade where one trader appears to like the morgan stanley called rolled a dahl up up and out out today when it traded at 143 there was a seller of 6,000 of the february 140 calls to close. and they used the proceeds of 6,005 cents or so to buy six fur of march 1.45 calls. breaking even at february expiration they sold the january call rolled them up and out a month and playing for a brokeout of the 52-week highs.

i think that's interesting because i think you want to go to the carts and talk about this this is the range, the 55-week high the stock is up 11% on the year. that's incorporated in in move over the last month and a half or so. obviously bouncing off support in the 125, 126 area this fall but lets go to the five-year chart. this has been in the wedge paternity here constructive clarity you had the move here this is about $145 this is why this trader takes this position in the money now all of the sudden in the last week and rolling it out moont and up a little bit. playing for possibly a breakout. this is about $150 if you believe the valuations story this is the sort of name that if you do have some of the headwinds, the regulatory stuff out of the which, the stock should be moving higher. lastly one of the reasons why buying calls to define your risk in name like this that is controversialle because there are some unforeseen things that happen if you look at pgs ohs prices,

this is implied volatility in j&j short dated options they are cheap here this is a decent level to express bullish views if you agree with this call from morgan stanley. >> good stuff, dan nathan. come on back for more "options action." catch the full show fridays at 5:30 p.m. eastern time coming up, it's been a rougher year for energy. rough year for energy investors. but goldman sachs says the bom bottom may be into near. they have a couple of names in the oil patch they think you should buy we bring them to you always a live nasdaq market site in times square backig aerhi rhtft ts. this piece is talking to me. yeah? so what do you see? i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades.

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welcome back to "fast money. goldman sachs trying to light up the energy space a little bit today, saying the beaten down sector may finally been be seeing a bottom. goldman highlighting a couple. of names parsley energy founded by the son of the ceo of pine per concho diamondback. >> eog, $130 stock not that that

matters but traded below $70, 16 times. they're all very levered name. and karen will explain if they catch any kind of a break these stocks go up moving kpoepgsly higher that's what you are seeing in names like eog it's a beginning, even if it trades to $95 which is a bit of a reach from here, the stock the still cheap. when those names you gave me i think eog stands out. >> we talked about in before there are six oil and gas stocks schlumberger exxon, chevron, a and somebody else baker hughes. >> there are a couple of other tail nds for the sector. the secretarier is not reinvested in production some of the most efficient and mid-cap and mid-stream players this is a great environment to take market share. it's a case where you have a tailwind with the dollar i believe which is a good for commodity prices you have commodity prices i

would argue in oil and copper and key mining and metals bottoming. it's an interesting time i like ailed field services and schlumberger with a fantastic balance sheet. >> rick rig counts down from a year ago as they shall be because you have production over capacity. >> you have bottomed -- you are seeing some offshore drilling spent. i think slb. >> i know you love the space. >> well i like covering it it's been a money destroyer ten years of gains in energy are wiped out. ten years. gone >> it's not 4% of the s&p. >> $64 billion in net next and debt. >> if you were really bullish on it i'd take a flier and buy something superlevered where if that does happen, the operational leverage, the commodity prices rise and operating leverage goes up you make multiples what you have in an eog

i don't have the -- i don't have the internal structure for that. i'd much rather go with the eog where you have a downside. i have i lost downside protection. >> coming up by bitcoin is singing the blues on an important anniversary. stick around. >> that's too bad. with sofi, get your credit cards right by consolidating your credit card debt into one monthly payment. and get your interest rate right so you can save big. get a no-fee personal loan up to $100k.

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okay welcome back to "fast money. bitcoin prices down big a second straight day breaching the $7,000 level really falling ever since. now at 6580. bitcoin trading roest level since may lost half the value from the high earlier this year. fun fact exactly two years -- today bitcoin hit the all-time high of $20,000. incredible >> well it's not terribly fun for people buying the top. like a lot of main ys you have case are where more money was lost at the top than made here you have a lot of cryptotraders saying sout was a significantly up year for prices the volatility hernt is. >> if you buy crypto, do you have to buy bitcoin, because this will be probably the

survivor if you believe in crypto generally there is a bunch out there. if you invest in something that's the one to go for >> what else is it sfl there are others out. >> but relative to this. >> i see or what else is there as a met fiscal at the same time. >> as we get on the show he we can be mette physical. >> lets get mette physical i think that was olivia newton john song. tim serial the very real. >> lets get mette physical with j&j which we talked about not only from a valuation perspective but the stock has some momentum a lot of bad news, a lot of folks under weight in stock. >> if i'd have been smirt i would have i would have said. >> i'm hopelessly devoted to home depot. >> listen to you. >> economic data out for housing i think the consumer is strong i like home depot. >> about to break up with fedex. >> i have to hear the call. >> that apple discussion we had earlier is important with the

stock here levitating. never in the history of the stock market has a stock gained $60 oh billion in market cap i would not be a biter >> brian in the the sea haks miss goldman downgrade a week ago. >> thank you, we'll see you tomorrow 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 isn't just to entertain but to educate and teach you so call me at 1-800-743-cnbc. or tweet me @jimcramer. the bears refuse to acknowledge that we have learned our lessons from the great recessn.