exposed because they are tilted to equity trading than fixed income trading we'll see how they perform tomorrow, the last of the big banks. >> the comeback in markets marks up the welt management funds and see how it plays >> we're out of time that does it for "closing bell." >> "fast money" begins right now. yes it does thank you very much and live at the nasdaq market site, this is "fast money. i am brian sullivan in for melissa lee. traders on the desk are steve grasso karen finerman and guy adami and joined by dan suzuki deputy chief investment officer at richard bern ernest advisers well back dan. it's official, phase one of the trade deal with china signed the dow and s&p 500 hitting record highs we break down where he go from here a fight between meat and fake meat there is a beyond meat and shake shack moving vastpy different directions today what stock could come out the winner for your portfolio.

>> can you guess what company just passed facebook to become the second most downloaded app in the world we'll goat you the answer a bit later in the show. it's a busy hour we're kicking it off with target missing the mark a once red hot retailer posting the worst day since november 2018 after reporting sluggish electronics sales. target which had been a bright spot for the sector and market in general joins kohl as jcpenney five below and l brands failing to meet holiday expectations. the xrt, the etf tracking the group, down more than 1% to kick off the year. >> guy. >> yes, zwlier do you think there are cracks in the consumer showing? >> i don't think it's an indictment of the consumer at all. i think in this case one off misses we have have a consumer conversation but i don't think it's about target the stock went from 80 to 130 in a straight line and finally

valuation catching up to wal-mart compsy disappointing you can't say they were not. they reiterated fourth quarter guidance and margins down. stocks down 6.5% not a disaster. you don't have to buy it tomorrow but given the run it's had i didn't think the day was bad. >> karen you owned it. >> i do. >> you buying more on the weakness. >> i'm going to buy more i didn't today usually i like to settle it in a wit. i was definitely disappoint the thing -- guy said they will make the earnings which tells you they were going to beat if they came in on comp store sales. the street was expecting a beat. for them to say we are in the guidance that was disappointing. to what guy said, the margins were good. they sold more of the good margin stuff less of the stuff -- >> did the street overreact. >> not a ton it lost 1.5 multiples.

it wasn't crazy before i do think it's attractive i want to let it settle in a bit. i think it's an opportunity. i think they are very different than the jcpenneys, the kohls of the world. they are get going right. >> that's why it's outperformed. it's oversold but to karen's .3-day rule. let it simmer see where it levels off wait for it to hold the low for that first day and then wait a couple much days after that. i don't know i mean, wal-mart, best buy maybe you take the weakness as an opportunity to buy those two if they sell off into earnings we have seen the ones that have been weak. >> i think 5 below got crushed. >> we have seen the ones >> there is the one-day bounce. >> this has been such a favorite this might have to wait a bit longer because there was so much money in it already. the other names you're talking about, there was new money put to work on a discount. there is a lot of money already

in target. >> yeah, we look at things from a macroperspective i would say that you know target there is a lot they have done to reposition within the retail space amid the disruption. but i think there are -- i'll take the other side of what guy was saying i think there are things to watch in the consumer space. if you think about what drives consumption, lets look at the consumption number if you look at gdp prints that peaked in the summer of 2018 it's been slowing. retail sales have been slowing they are not falling poff a cliff process but people need to note they are slowing. what's driving the next leg forward. >> era we got the payroll print people like but job growth is the slowest since 2011, since the recovery papo and worthless hours. >> but are jobs growing at a slower pace because the economy is slowing or because we are running out of people -- if there is nobody needing a job or can get a job you can't have growth. >> it's a bit of both. we got the beige book out today that said there are a lot of

labor shortages. but looking at job openings from the jolt survey. >> that's a better indicate are than the job number. >> with the lag, yes but it's come back a bit but it's rolled over too jobs are slowing and if you look at the other drivers, credit, access to credit, because if you don't have a job maybe you borrow or pay a credit card. modestly banks are lending put it together with the overall trend you have to watch it. >> here is where i agree with dan who disagreed with me. i think people confused -- i'm not suggesting i'm right but it's my opinion. that people confuse the health of the consumer with the ability or want to spend the u.s. consumer will always spend. we learned that over the years doesn't mean they should be spending when you have an economy that's 73% driven by the consumer, and as long as the consumer confidence stays at the levels with the stock market at all-time highs people will spend. >> the problem is you are in a

sweet spot i shouldn't say the problem we're in a sweet spot. unemployment is at record lows or around record lows. enough people have a job to keep the economy aflet. appear interests not a lot of headwinds. now if the market sells off people will equate richness or wealthness, if you will, with the -- where the stock market is if that comes in hard, then you have a problem with what people perceive as their wealth. >> you saw that in october or november of last year when the market went down basically 19.5% in the course of a month and a half consumer spending stopped on a dime people look up and say what's going on maybe i shouldn't be going on vacation and buying the store bucks coffee it's extraordinarily sensitive in my opinion to the stock market. >> and we talk about the consumer and we come back to the theme talked about it a lot across the network i know we talked about the xrt at the top near is my beef with the xrt a

quiz are you ready? do you know the highest percentage weighted stock in the xrt? anybody guesses i will buy them dinner rite aid and clirn's place rite aid >> at 2%. >> i wanting to to the rth, amazon, home depot are 30% the the lesson is if you bet on the etf know what you own and what's in there. >> maybe knows another lesson, if you like five or six companies then buy five or six companies make your own etf instead of buying something else because a lot of the names have only a small percentage of the underlying. >> that's my pinpoint. if you own the rth and home depot misses the rest of the stocks did well about you if the heaviest weighted doesn't could well. target who else might you like.

>> wal-mart, also. >> heard of them. >> you know, i don't own amazon. it's come in a fair amount but have to come in more before i own it i like to pick a few and think that i can outperform the 100 mix of 1% each in the xrt. hopefully i can. today, no. tflt definitely not. >> but you have made a lot on target. >> i'm sure. >> well above the dollar average. >> definitely. i think there is upside from here and but i will settle in. >> cracks in the consumer something to watch, all this data, folks we talk about on cnbc ism manufacturing, could roll back it's right at a key team for the economy in the market. coming up we drill down deeper on oil what the phase one of the energy deal means for the energy patch. we'll be here. later on 75 billion reasons why blackrock is doing just fine thank you very much. and be sure to watch us live and

on the go if you want on your phone, on apple tv the cnbc app, download it today. we're back right after this. sometimes, the pressures of today's world can make it tough

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don't talk about maybe enough recently that is gold guy adami. >> yes. >> up 5% in a month. up 20 peppers in a year. we talk about this potential, you know, slowdown, whatever why is gold catching such a bid. >> it's interesting. today on a day where you would think the trade deal signing would be reacceleration of global growth. maybe that sort of cloud abated. you would gold has a retreat no new month mining up huge that coupled with bond yields going lower. remember mr. hammer, that -- >> it makes me hmm injury the gold market and the bond market are trying to tell the broader market something obviously the s&p doesn't care i get it but you have to ask yourself, what is the gold market see that the rest don't. >> they see central banks. you hit on this a lot too and utilities led today. this was a sell the news even. phase 2 is probably in trump's words after the election

so there is nothing really to keep shorties at bay right now you have a little bit of freedom in case earnings don't perform well you have a it bit of freedom to short the market here. we saw the sell the news event. >> the 10-year yield backing off a bit as well. >> as i mentioned, the yield curve is flattening a bit. listen, we talked about it a few days now the warning signs are there. the 20 different moorkt indicators all flashing red. market don't care. i don't know what that exoxygennous event will be that makes it care. >> did you see the deal was so vague -- i mean phase. >> it's 94 pages long. i haven't had a chance to read it i don't think most of the market participants had a chance to read it. >> certainly i haven't read it in the entirety. but sections of it i think are so vaguethat yes we agree ther is a point we have to discuss in the future and we both agree. >> it clears the fact that phase one was done it clears. >> i think we saw the video sort

of happening live in the afternoon. we're i think thissing well the optics are good though. >> yes the deal itself may not be that are the so of tight but there is hand shakes, smiles, good optics maybe for the market. >> steve makes a good point. it's a sell the news event what karen is saying is that the actual meat of the deal, the details people read through opened the door for more tariffs if the u.s. wanted that route. so it's not a seal the deal on no more tariffs as maybe the market expected. i think the point that guy makes, what people should be focused on and see there are a lot of sort of signals flashing red. i think that's what the other markets are tell you stocks don't care. yet looking at the leadership as guy or steve mentioned, it was defensive today. i think people need to realize, you mentioned ism earlier. 47 -- you know 46 is generally associated with recessions i talked about you know these other indicators like jobs

growth slowing the market doesn't care. but i think this is a momentum driven market. this is one where the people are bullish because the prices are going up that's one where you have -- did you should be selling a bit into strength, derisking and buying things like gold. >> i'm giving you another number here. >> i like numbers. >> 3.5%. that's the percent we are away from dow 30,000. i probably jinxed. as the numbers get bigger the percentages get smaller. >> is that right. >> lets talk about xpo logistics, the stock soaring 17% on the news exploring a possible breakup sales or something else. jim cramer sat down with the company ceo and joins us live from san francisco -- that was a heck of a graphic, jim xpo logistics has been amazing for ten years made the people rich seventh best performer i think in the last decade which do they want to change things >> well, look, it's stuck at the

level for a long time. they bought back 35 million shares it had been raided by a short seller incorrectly it came back brad jacobs and a tremendous entrepreneur and he is he can sick of his company being as low as it is anying if he came public again he could get rid of a lot of businesses come in as a service company and trade at twice what it's sell for. >> yeah, it is this is a company -- do you think it's just, jim, that people ignored logistics and freight because they don't understand it, afraid of the trade war. wall street doesn't get the story? why dunk it's been stuck at the loading dock. >> i like all those. it's also been -- fedex cast a pall on the whole group. the short seller was saying things were kosher at the company. i think those were almost 100% lies and the stock really hasn't

recovered the way i thought it would. but the important thing is the lgbts business would be fantastic for integrated which is owned by honey well-. zebra technologies would kick the tires. it does a bit what shopify does. they say why doesn't amazon snap them up. being up just 10% is low bawling. there are divisions embedded as you said are obscured by other divisions that seem like trucking companies, including one that he bought that is not getting any credit at all. >> you said he was frustrated, jim was he coming in hot, worked up that the street is not getting the story? the analyst community is bullish. >> brad is a clinical guy. nothing emotional. i was like hey ha man, i'm excited you should get fired up. what brad has done, though, is put together that in the last two years has done remarkably and yet the stock has done nothing. i think he is tired of that.

he wants to be able to show people what this company is really worth you mentioned that they've got -- well the logistics business, you know, i see research credit suisse is calling it the google of logistics. that's not what the stock as multiple says. if you look at what fedex paid for tnt this would be a tnt a second rate operator in europe, a third rate area to do business >> the full interview tonight on mad. i know tonight is a big show you're out west. i'm excited and i know you are, jim, about tomorrow. is unfair unfair we have katerina lake, brad, of course how excited are you for tomorrow spending the day with satya nadella, the trillion dollar man? >> it hasn't happened since 1986 when you flew out to see steve balmer he has been the business manager

of harvard crimson when i was the editor in chief. it's been that long since i've been there -- only met him once. i wanted sit down and interview him what a job he has done i can't wait to get up to seattle which is what i'm doing in about 35 minutes. >> well we'll lotte you get on the plane. safe travels we're looking forward to tomorrow the guy totally invented the company from steve balmer. >> he is amazing thank you so much. >> safe traflts, jim "mad money" tonight as well. kantor that lake at stitch fix and big show with jim at 6 eastern time. >> could satya nadella be the ceo of decade. >> should be if you think about it, ibm -- people talk about ibm legacy business, the aircraft carrier in the middle of the ocean impossible to turn around. but microsoft is the same company and figured it out

the knock on ecstatic microsoft that leaves levels if there is a knock at 28 times forward earnings, getting expensive. but you know what, it's seemingly growing into that valuation every single quarter. >> you had a negative headwind we always talk about price is truth on the show. you had a negative headline today. the stock does nothing but go up green on the day popped through a major resistance point was 150. popped there above 160. it's a different company now they're moving into what they should be moving into and they're moving aggressively there. they're going to where the puck is going to be i'm staying long. >> it's dan from a macroperspective not individual equities is there any concern at richard bernstein advisers -- we talked about it on the exchange at 1:00 today. that people are buying the same five or ten stocks the gap in weight on the top ten has never been this high almost not close the worst time was 1999.

>> i think it wouldn't be a worrisome sign if the profit percentage market share was going up process but the problem is morgan stanley put out a night that the market cap percentage has been increasing yet the profit percentage has been decreasing. i think that's worrisome and you you haven't seen that since the tech bubble. but you are getting -- it's not microsoft specifically but you are getting bullish sent many driving the moves here that's something that is echoed in any sentiment position in the area that you look at it's something to watch. >> the ones that work keep working. microsoft, facebook, amazon google i own some value stocks that nobody wants to own. doesn't matter it's cheap, even though you talk about the increasing valuation on those top five or top ten% at the moment. >> i think the risk reward is getting worse and worse. as a prudent investor what you

want to do is anything where the profit dynamics are getting worse you want to sell into strength on those names. and if you want to accumulate buy the ones that starting. >> i don't want to be guy adami. >> you don't want to be guy adami. >> man speak for yourself. >> i'd love to be guy adami in my next life i don't want to beat a dead horse. but when you buy and sell a etf a lot of people think the yun underlying equities are being somd the only time it's actually purchased is when the etf is created appear goes public as itself and then you give the stock to the custodian we're trading trillions of dollars a day above the market not reflective -- they are based on the price but you're trading paper. >>s in. >> in a way. i don't want to get weird and wongy. >> but if they decide microsoft,

amazon apple are too expensive. >> you had an interesting conversation on one of the seven shows you hosted. >> the sixth best. >> right. >> the inflows into blackrock correct. >> $75 billion last quarter. buying passive meaning more money goes to the big names and they keep getting bigger and is that because business is better or simply because they are big and get more money you know the answer. passive investigative is great when everything is going higher. my concern and i have said for a kwhiel when passive becomes active it ain't going to be active on the way down it's people getting out. i will tell you from doing this for 30 something years markets go down a lot faster than they go up. >> when you look at microsoft, though and start to talk about the number, i equate it to the apple is with the services income when you look at how many billions they are making and closing the gap between hardware and the service income look at microsoft, the personal computing as a segment of revenue is 45 billion.

but looking at intelligent cloud, you're looking at a number here that's $39 billion when you say how long can it go? migranting to a different area but the margins are sustainable at this point. >> i'm not beating up on microsoft. i brought up the general idea. >> everyone is going into cloud. it's creating what they used to have in one terminal, one spot and creating tenticles off of that they get paid off to the cloud. >> you believe steve we'll go to break in a second, that big push into the biggest ones is not just an accident they deserve it. >>they dev it. >> deserve it. >> everyone pushed back on the valuation on amazon when the stock was $150 and everyone started to sniff around aws no one understood it people said it was going to become a commodity advertised business and here we are thousands of dollars later in the stock. >> you want to ask me a question. >> yes. >> oh. >> you were talking about money

flowing into the blackrocks of the world or etfs from blackrock. >> the top three when you look at state street, blackrock and the third one. >> people. >> they keep getting bigger and bigger not knocking them at all just worry if everybody is buying the same stuff. sit tight. the articles of impeachment are being signed by house speaker nancy pelosi in washington right now. lets take a look in. once the speaker is done with signing, there will be a physical move of that document from the house to the senate it will be hand delivered to the senate, where the trial will begin at some point. obviously a lot of disagreement about how the trial will look, whether witnesses will be called, what witnesses could be called as well the trade deal on one hand and

the impeachment articles being signed on the other. it was a busy day, ray odd day, even by d.c. standards we'll take a short break, back right after this make fitness routine with pure protein.

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>> undereye concealer. >> i got it on too honey don't worry. from what i understand we in rocket attacks in iraq killing of soleimani and oil goes down. how overslied it the world right now. >> once president trump said all it well. the market faded the risk. runt they are focusing on the splay picture, what opec is going to do. the trade war is still a little bit in the ether it wasn't as sulsome an agreement as maybe people expected but one thing i'll say we had the concern about the trade war last year. a ceiling on the oil market. but looking at chinese demand in 2019 it held up well it was 390,000 barrels of growth year on year that was in line with previous years before trade war concerns. we have the situation where the sentiment is tide to the trade war concerns but the physical market in china seemingly not. >> why not. >> what's interesting is we have healthy demand for things like

jet fuel, gasoline, held up in china this year. where we had softness in the oil market and emerging markets, india. oec demand also not fabulous but looking at year on year, the oil market demand about a million barrels we expect that next year as well. i think what's interesting is the trade war was a big sentiment story, not as much physical market story. >> just back -- but what's the mood what's the mood in abu dhabi where you are, what's the mood about the u.s., the trade war, demand and where iraq goes iraq is a disaster. >> what was so interesting taking off from jfk, the missiles were flying and people thought are we goo in the third gulf war when we landed it was over in abu dhabi it was a wait and see. the general jones saying the deterrent has been established iranians are not doing anything.

and maybe regime change. >> others said the iranians are not done they are under crippling sanctions and still have significant turbulence in the middle east. two distinct views and iraq remains messy. >> i'm not asking to you play stock market but all the integrated big cap names, exxonmobil at a five, six-year low what's the problem stock market, all-time high, is the business models are flawed at this point. >> a whole hoff of things. but one thing we heard in abu dhabi was the broader concern about esg, the broader concerns about climate change and the fact that are the companies -- should we be investing in them there was a lot of discussion about what does the future look like where is going to be the appear at this time tight to invest in countries when everyone thinks about cloimt change, esg. >> you talked about demand not

bad, right. >> yeah. >> china holding up. oil is where it was two plus years ago. >> no, i mean one of the things that we're really seeing is that, u.s. production has continued to hold up and this is going to be a very interesting year and it makes it very difficult for opec's planning process. there are a variety of forecasts out there for what u.s. production growth will look like and so i think that is going to be a key lynch pin of the market this year. opec is meeting in march they normally meet twice a year. they now have three meetings this year. because i think they need a rapid response mechanism depending where the u.s. picture looks like but they will admit -- they said they are very concerned about misjudging the u.s. supply picture this year. >> what are the odds that the red line statement -- so president trump's red line is loss of u.s. lives. >> yes. >> what are the odds in your mind, do you think -- when trump said everything is okay, we're good, this is neutralized, are

the -- dsh did the iranians get the memo on that or can we see it ratchet up? and if so do you sell any pop you see in the energy supply, because it's a head fake. >> one thing to watch is the upcome parliamentariry elections in iran. if we look at hard line victory we look at elevated tensions but sanctions are key. they are struggling under the weight of the sanctions. you are looking at inphrasing at 35%. gdp is contracting again by 10% this year. they are really facing what they see as economic warfare. as long as they remain under cht sanctions i think the risk -- again the shadow wars, the rockets flying at bases in iraq, something serious could happen still. this is not done >> so, you know, the point he were making on china is interesting. a lot of the demand from what i

read, some of the demand is from inventory build. are you concerned at all that they are ratcheting down as they draw down the inventories? or do you think they ramp up. >> what i think is interesting is we were seeing the inventory builds you think about china takes barrels from places like iran, from venezuela there was some stock piling. but we actually see now inventory draws in china this isn't just the case of them stock piling so, again, when we look at the chinese market this year we're not saying it's spectacular growth like a decade ago but we think it's solid growth where you need to watch for the demand picture is actually india. >> india we'll save that for another segment. >> yes. >> the next world trip. >> next world trip going to saudi arabia next month. >> thank you for coming on you've been flying all over get some rest. all right. coming up shake shack and beyond meat moving in very opposite directions today we find out why. railroad giants csx posting nice

gains this week out of earnings. we find out how options traders are getting ready for the results. as we head out, a some ber look at capitol hill. house articlesare being delivered from the house to the senate to kick off the trial for the initial impeachment. it's literally a hand delivery, happening now. we're back right afterhi ts. new york state is building for the future of your business. with a nation-leading $150 billion commitment to infrastructure, we're creating state of the art, 21st century transportation hubs, constructing new bridges, bringing high-speed internet to every corner of the state, and committing to low-cost clean energy. with infrastructure built for the future, the companies of tomorrow can thrive here today. see your future at esd.ny.gov.

all right welcome bang lets take you back to capitol hill where house members have been hand delivered the articles of impeachment in the senate ylan mu y joining from capitol hill. >> senate majority leader mitch mcconnell speaking now on the senate floor before she signed the articles this evening, house speaker nancy pelosi said that congress was crossing a threshold of history, because this delivery marks the moment that the senate trial to determine whether president trump should be removed from office can begin. we saw the delivery being carried out by the 7 house managers who will be responsible for prosecuting the case for impeachment in the senate. those same seven house managers will return tomorrow morning to

formally read the articles of kbeepment on the senate floor. then tomorrow we will also see some more ceremonial steps chief justice roberts sworn in to preside over the case and all 100 u.s. senators sworn in as jurors in the trial and official summons sent to president trump and a time named for him to come and make his case or his representatives to make his case so as you said, brian, today was an extraordinary day in which we saw both trade and impeachment take center stage here in washington you will see the same thing happen again tomorrow. because amidst all of the beginnings and the procedures around impeachment, the senate is also planning to vote on usmca trade deal trying to clear the deck before the trial begins next week and all legislative business falls by the wayside. >> what's our time line here i think it's a confusing

process. what's the best estimation of a tlienl goi time line going forward. >> it's all over the place the white house is adamant that the trial will be wrapped up in two weeks likely before the state of the union address to congress however, if history is any judge it's likely to last longer than that so if you go back to the clinton impeachment trial, that trial lasted for five weeks. so the time frame here is quite up in the air. still very fluid but you can expect to see a lot of debate over what the trial will look like we'll have more information once we know whether or not the senate will call anyens. and about the rules of engagement going forward but i would expect this to last at the bare minimum two weks but perhaps much longer. >> ylan mu y on capitol hill ual within thank you very much. lets talk impeachment and the markets guy adami. >> yes, sir. >> what a bizarre day for

america, the markets on the one hand the clapping and the gop sort of victory lap around the trade deal. then on the other hand the signing of the articles of impeachment there. i know it looked like the house speaker was signing the documents. does it change anything? why is the market reacted to the impeachment story line >> i don't think the market particularly careers this is not a political show and i'm not going down this road but i think when we cut to senator pelosi with a grin on her face yes i'll use the word grin with multiple pens this is not a time for levitty. >> call it what you want there was a smile. there was something on her face. maybe she was uncomfortable. the optics were really bad this is not a time for levitty or enthusiasm this is a somber time regardless of political leanings the market doesn't seem to care. it cares to the earlier point about the fed having our back and the inflows at record levels

what's it comes down to. >> the market don't care because there is a small percentage chance he is convicted in the senate he was impeached and the odds of you having 20 republicans cross over that line and give them enough votes to actually convict, then -- if you start to see some more information coming out, we start to see whatever witnesses that are called, then the markets would get antsy it's less than 10% chance. >> we era we keep it on the markets. a lot of other shows and networks that can do the politics. >> less than 10% chance -- so the markets don't care until the number is up. >> would you agree with that dan from a street perspective that the market doesn't believe that it's going to be there. >> there's been a general assumption for a while it's dead on arrival reaching the senate you get the political show it's an election show you want to make trump look bad but ultimately nothing of

substance. but people should be aware that we have a more emotional president than normal. this could lead to a flurry of emotional tweets a and that can drive markets. but from our perspective we try to focus less on that and more on fundamentals. >> good stuff there. >> the market reacts -- we saw sanders get some momentum and a sell off in the health care stocks only to be turned around by good unh numbers. >>en you hear sanders and others iing we need to end the fossil fuel industry or fracturing or parts when if contributes hundreds of billions to the economy. maybe that's more market risk. anyway moving on coming up, china is basically taking over your kids' phones. the the tick-tock story next legendary terrain in telluride,

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high protein. low sugar. tastes great! high protein. low sugar. so good! high protein. low sugar. mmmm, birthday cake! pure protein. the best combination for every fitness routine. all right. well back. call it the big battle over big beef two analysts calls op two stocks one on the fake meat bernstein downgrading beyond meat to market perform saying the plant based meat maker maxed out sales growth, it said. meantime on the real meat

goldman sachs reiterating the buy rating on shake shack and the partnership with grub hub. lets look at the calls. >> my side is shake shack. i'm long shake shack i didn't adhere to my three-day rule i bought it day one. i was under water. i'm above right now. they do have international opportunities for themselves and i think the disruption that everyone thought with the sole third provider with grub hub i don't think thatway came to flay and goldman sachs stated that as well i think when goldman makes a call people listen when people say it has the 80% upside i think the name can gets easily to mid-80s. >> i'm not directing anybody offending anybody directly. >> that's a home up call to

analyst matter for a stock like that. >> i admire them momentum trumps a lot and it might happen here but at least they are making a call on the stock that has a significant run off the recent lows. i'm with steve, though this shake shack went from 30 to 105 in a straight line the move over the last month and a half two months it is the retracement of 50% retracement i think goldman is right yes i understand valuation is ridiculous but this is a name i think could have significant upside into earnings in early march. >> okay. good discussion there. lets move on from the big battle over beef to the internet kids love tiktok time may be ticking for companies like facebook. julia barstow boorstin live with details. >> brian, chinese owned tiktok surpassing facebook become the

second most downloaded app worldwide last year. behind only what's app according to sensor tower which tracks the apple and google stores. tiktok reached all-time high in the fourth quarter 24% over the third quarter and 6% growth year over year and in the u.s. it's growing faster in the u.s. apple app story download grew 83% to just 10 million in the fourth quarter. tiktok has the advantage of not just a huge user base but having a very engaged one the u.s. consumers on android phones spent more time watching tiktok videos last year than they did streaming video from amazon prime video, aeshlgd to app annie, the mobile data analystic company .financial times" reports tiktok is reportedly working to explore a curated content feed with posts from media companies and popular tiktok creators similar to the

snap discover section. giving brands a safe space and enable higher ad rates tiktok wouldn't comment on the report that a curated feed is in the works. but they tell me they are working with publishers and tiktok creators to help them generate revenue through of course advertising back to you. >> julia, thank you. steve, i know we talked about snapchat you like snap. a fast pitch the other day is tiktok a threat. >> i think they're all a snap. because only so many eyeballs and hours in the day they are on snapchat constantly my kids. and on tiktok an equal amount. but snapchat is on a path to quote unquote profitability. hopefully we can get there i think moecht people have bet against snapchat why i think tiktoks and other apps can be a headwind, there was so much negative thrown on snapchat everyone worried about

the bounce but they were talking about it falling into the abyss and facebook taking everything about snapchat stealing it into instagram. that didn't happen i stay long snapchat right now. >> i stay long facebook. you look at what is the most downloaded app, right. what's app and then tiktok and facebook and messenger, right. the stock -- the valuation of the stock here it's hitting all-time high after taking a while to do it but the valuation here is still attractive and i think there is tremendous growth and cash flow and i still like it here. >> i'm with steve quickly on snapchat, dan nathan talked about in also. you just had cowan upgrade bernstein upgraded to $20 price targets. yes the stock had a significant run off the bottom this is a name that can overextend to the upside i think that overshoots is probably levels steve has been talking about, the low 20s stay with snap here. i understand what karen is saying about facebook. >> snapchat up 212% in 12 months basically back to the ipo price a bit above.

>> exactly. >> these kids, no studying, no reading. >> right. >> just tiktok. >> get off my lawn, adami. >> that's okay boomer. >> shares of csx moving higher we talk about csx and the rail trade coming up on "fast money." live at the nasdaq and back after this but in my mind i'm . that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. coyou fifteen percentico or more on car insurance? do woodchucks chuck wood? hey you dang woodchucks, quit chucking my wood!

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well back. lets talk about the transports chewing along nicely up 3% last week. a big slate of earnings. kicking off after the bell tomorrow csx within striking distance of the level it gapped down from on case appointing tape in july the report a catalyst maybe a run back to the highs. mr. michael khouw in san francisco with the action on csx. riding the rails, mike. >> yeah, so csx looking at the volume in this earlier today we saw calls outpacing puts on 4 to 1 on face value that might be bullish. but that was maybe profit taking people selling the calls tripling in the last nine days .trade interesting me was based on implied move about 4% the implied move of 4% is less than the 4.2% it averaged over

the last eight quarters including the disappointing earnings result you were alluding to earlier. the trade i saw was a buyer of the january 75 puts paying $1.20 for five hundred and purchased 25,000 share ever of the stock for 75.48. put that together that's sin thetically give don't the 75 straddle we when you buy the straddle you bet on volatility. that's what it trader is betting the stock will be more than 4% higher or lower when the options expire. >> okay. michael khouw. mike thank you very much looking at c the sx there. for more "options action" of course tune in to the full show nt e urin tdeastern time. upexaryo falras. turn on my tv and boom, >> announcer: "options action" is sponsored by think or swim by td ameritrade. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists.

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steve grasso why don't you kick off the final trade of the evening shir. >> shake shack it's 25% off the bottom. i'm staying long doesn't mean you have to you could take profits no one looks down on you. >> karen. >> yes, yesterday delta airlines, hopefully the same tail nds help american airlines reporting next week. >> dan. >> i say buy china

i think that the data starting to look better most levered if you think global growth picks up. >> new month maintaining doing its thing. >> thank you for tuning in. ver. "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'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 the west coast edition of caramerica tweet me at jim cramer can good news put you to sleep there were so many positive developments today there was almost like the