guy adami, tim seymour, michael khouw khouw. let's get to the bernanke bull market and this record breaking day. the dow and s&p closing at all time highs, its highest level since september of 2000. the dollar posting it's biggest drop throw in four years. tech staples, materials and gold yes gold getting a major boost, gold is up 100 bucks off its low. reassuring investors not to fear a tapering perhaps of the fed's easy money policy although i've got some questions about that. our big question tonight is this, very simple are you buying the bernanke bounce and what is the best way to play the latest fed headlines if you are. it has certainly been hard to keep buying their record highs but let's talk about it guys. i was on the record yesterday on street signs, a fine program and i said the fed is irrelevant. everybody was like you're going to pull back. you're wrong. the bond market didn't move today. >> i'll throw that right back. if you had said the said is not credible right now i would have said there you go. what happened

our traders tonight, guy adami, tim seymour, brian kelly, karen finerman and mike khouw. let's get to the big story. hot stocks of july. some big names were a cut above the rest. we're breaking down the reasons for why it could continue for tesla, trip visor apple netflix as we enter the month of august. guy adami. >> tesla, we said as long as it held the secondary the stock would be okay. i think the secondary was 92.5 93. it was okay. it bounced. a couple weeks ago i was convinced it reversed and was headed lower. i was 100 wrong. ten days later anthony deutsch comes out with their note and the stock is off to the races. at these current levels although i was wrong a couple weeks ago i still think you have to look to sell this thing ahead of earnings on the 7th. the last quarter was a blowout quarter. i'm hard pressed to believe they can do the same thing twice, especially given the stock that the stock is 40 $55$50 history. >> bmv revealed it's new car and to quote dr. j. it's a hot car. >> hot is relative to dr.'s standards. >> would you be taking profits ahead of the

>> guy adami, our traders are quick but they're not always right. release, the gross margins were spectacular. means they're running the business better which is remarkable for them. and we talked about short interest before. there is a sizable one in blackberry. >> dan was spot on. it's interesting that we came in with even the losers get luck some time. dan was positive. his wife is here tonight and she is stunning makes no sense to me. >> she's just an outline, not a real person. >> with that said -- i could not have been more wrong about blackberry. i felt like the stock was poised to go higher. it's obliterated ever since. >> i actually got long and down 12. so, loser. >> let's go to pops and drops. we kick it off with a pop, haines brand. >> the stock was up almost 8% today. the volume was ridiculous. they report on the 30th. i don't think you buy this stock ahead of earnings. stay away. >> i robot, a drop. >> a lot of people didn't like the guidance. stay away for at least another session. >> pop for only knee care, up five percent. >> they d

guy adami. bear case on deckers. >> stupid. >> what? >> time for the final trade.port. >> refineries are beating up good. vlo. >> steven p? >> deckers. >> guy? >> bwa, all time high. i think it's headed towards triple digits. >> i'm melissa lee. for more "f" "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." other people want to make friends, i'm just trying to make you money. call me. merger monday? at last, we have one and i say -- ♪ sure the averages didn't reflect this good news, dow

guy adami? >> we've talked about biotech on this show for quite some time. sell jean made another all time high i believe today. it feels like it stretched but it's a name that continues to work. i think they report next week. i'm not convinced it's an earnings story, doesn't matter. >> bank of america continues to trade. there are over a million contracts traded today. 800,000. folks are looking for more out of this name. i think it's going higher. >> karen? >> i took some money out of bank of america. i feel like we are in a different phase of the evolution of the bank of america story, that they are out of crises. now it's what can we do as a bank facing the same >> thanks so much for watching. we'll see you tomorrow at 5:00. "mad money" 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." want to make friends? just trying to save you a little money. my j

guy adami, we'll kick it off with you. >> i'm of the belief and we said it for a while the market doesn't give you this long to sell the highs. technically it did what it needed to do today. i thought 1681 was a big level, it held bounced. obviously not a big day in terms of where the market went but important in that the market doesn't want to give up any ground. now, i could be dead wrong and this could collapse but i'm hard pressed to believe that we've been around this 1685 level for a few weeks and this will prove to be the top. >> to go higher the market must accept the fact that the taper could be coming. >> when it comes to the markets are you telling me mortgage rates are where they're going to be when the fed is pulled out? i don't think so. we have a lot of other data gdp provisions. they're going to try to make this as doveish as possible in terms of the economic weakness. i think they realize they made a mistake the last two times they have spoken to the market and i think it's going to be we have dis inflation or no inflation. i think the market as guy said i think the marke

traders guy adami, tim seymour, karen finerman anthony scaramucci and mike khouw. apple, broad bond akamai. we're taking position ahead of google's secret product event tomorrow. our tech story is apple on the rise up almost five percent. earnings and revenue topping. the real story here iphone shipment of much better than expected, 31.2 million phones shipped in the quarter. guy? >> that's the key. you nailed it. we talked about it on june 28. we said you have a nice definable bottom. i don't think it would trade that low today. i thought the move we would going to see, what happened we talked about it last night. you want to split hairs, average selling prices of all four major devices were lower but gross margins were better. i think this quarter was good enough. again, i think people will look $146 billion or so in cash 36% of their market cap. that will come back into play. again, using that june low as your bottom it's okay here. >> i agree with guy. he was right on that iphones were the thing that was making -- it was sort of a relief value. the iphone numbe

guy adami, josh brown, and tim seymour. more details on developing story out of boeing tonight.hil lebeau has got the latest on the story. phil? >> reporter: melissa, right now investigators are looking at that dreamliner trying to determine the origin of the fire that took place today. let's show you a couple of pieces of video from that scene today. it was an ethiopian airways dreamliner that caught fire. there were no passengers onboard when it was discovered. it had been parked eight hours before the fire was discovered. what's interesting, when you zoom in in terms of where the fire took place on the airplane it appears to be in the rear crown of the plane. that's right next to where you would see a crew rest area if one was -- it's unclear whether or not this plane was configured for a crew rest area. the fire crews did not appear to deal with the 787 battery units. those are located in the belly of the airplane. remember, this is the dreamliner that was the first to receive a retrofitted battery system once the faa approved the new battery system for the dream liner. boei

i am guy adami. i am "fast money". >> i am pete najarian, i am "fast money." >> are you "fast money"? go to the nbc universal store and order your "fast money" tee. run with the big dogs. with the spark miles card from capital one, bjorn earns unlimited rewards for his small business. take these bags to room 12 please. [ garth ] bjorn's small business earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth ] why settle for less? ahh, oh! [ garth ] great businesses deserve unlimited rewards. here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? what makes the sleep what makes the sleep number store different? you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. we pr

guy adami? >> let's talk about the trade. 850 was resistance on the way up back in march. it was support a couple times on the way down that we bounce from. 850 to me is your bogey. i know bk is going to talk about having the bear suit zipped up. if you are looking at google maybe $18, $19 on the risk side. we've seen this story before in google where the stock goes down five, six, seven percent and starts its ascension again. 850 is your number. >> were you trading? >> i was longing. >> trimming the position? >> no, i wasn't. obviously i could have bought it a lot cheaper now. i probably would look to buy more. this has happened a couple times. the cpc miss wasn't good but some of the other stuff was kind of noisy in that expenses were up, tax rate higher than expected. the miss did not appear as big as it is headline miss. down 50 bucks, still kind of a bummer. >> in terms of the trading pattern from open to close the next day regardless of whether or not google beats or misses on eps, it trades down 59% the next day. >> when google came out early and nasdaq tank tanked

we are with pete najarian, guy adami. the top talk. netflix calling after reported earnings. netflix beating on the top and bottom line but guidance and subgrowth from weak. how should you trade after an 180% run this year. pete? >> this is one of the reactions you expect from the impact when you get exactly what was delivered which is the projections going forward aren't what everything expected. i still think you have to look at the international markets for their growth. that's where i continue to look. that's where they can expand in europe, canada and latin america but they have not done on outstanding job. as a matter of fact they have been a modest job so far. i don't think if you are long this stock you would want to sell it just yet. certainly there's pressure on the stock in the after hours based upon these numbers. all of these money they spent on content, they needed to deliver more than they did. that's why you're seeing the selloff. a lot less movement. similar to google. >> that's an interesting point. do you know how much this stock moved on average? 26%. it s

guy adami, tim seymour, michael kho khouw.

our traders are guy adami, pete najarian and karen finerman. wel

traders guy adami, tim seymour, karen finerman, anthony scaramucci and mike khouw.nd, akamai. we're taking position ahead of google's secret product event tomorrow. our tech story is apple on the

guy adami, josh brown, and tim seymour. more details on developing story out of boeing tonight. latest on the story. phil? >> reporter: melissa, right now investigators are looking at that dreamliner trying to determine the origin of the fire

our traders tonight, guy adami, tim seymour, brian kelly, karen finerman and mike khouw.the big story. hot stocks of july. some big names were a cut above the rest. we're breaking down the reasons for why it could continue for tesla, trip visor apple netflix as we enter the

we are with pete najarian, guy adami. the top talk. netflix calling after reported earnings.ut guidance and subgrowth from weak. how should you trade after an 180% run this year.