tim seymour, carol finerman, and guy adami. twitter closing above the key $50. is it too late to get in on the action? the apple watch out in one month. we'll fell you whether you're better off buying apple stock before or after the watch is released. >>> the top story, the buyback blackout. that is the period of time before a company reports earnings when it cannot announce new any buybacks. we're entering that window for first quarter results. many think a lack of buybacks could lead to a pullback in the overall market. goldman is saying invest education should use any pullbacks as an opportunity to buy. companies focus on returning cash to shareholders such as apple, pfizer, time warner and fedex and specially financials, technology, consumer discretionaries. they're the biggest buyers of stocks so they'll feel the most impact. >> time warner, a trailing 12-month basis this is almost a 10% yield between your div and buyback yield. it's a company that to me has a lot of drivers also. the hbo spinout. the bundle spinout begins in a couple weeks. this to me is a

traders tonight, tim seymour, brian kelly, karen, and guy adami. soaring 15% on strong guidance and plans for yieldco. we have the cfo in an exclusive. >>> plus tech bubble 2.0. mark cuban making comments on liquidity in the market. comments you need to hear and the trade ahead. >>> first breaking news on the latest round of the u.s. bank stress test. kayla has more back at hours. kayla? >> reporter: hey, nellis is a. for the first time sense the stress tests were introduced by the federal reserve in 2009, all banks that are undergoing the test in this year, 31 global banks representing 8 0% of banking assets, actually were found to have enough capital on hand to weather a depression-like environment without needing money from taxpayers. that, of course, is what these tests serve to find out. this scenario this year, the most intense stress scenario saw unemployment at 10%. brent at $110. dow below 1,000. usd/euro at 1.21. the introduction of a new event, new hypothetical event whereby corporate debt defaults at a much higher rate than currently ex

steve grasso, brian kelly, and guy adami. shares are falling. we've got someone who says the stock is still a buy. and pollo loco shares coming upping in the after hours after the company delivered a strong revenue number. we'll debate your best bet in the restaurant space coming up. >>> but we start off with today's rally. a weaker dollar, stronger euro, helping push stocks higher. but currency fears still sparking some on wall street. raymond james downgraded garmin because of currency conditions. and intel cited the currency move when it cut its outlook. seems like we're not out of the woods yet, guy. despite this rally. >> we're not out of the woods. the dollar is going to parity, if not lower against the euro. dollar strength continues. today made sense i guess if you think about it with the retail sales. does that put the fed back on the back burner in terms of a rate hike? i think it does. weakness in the dollar all makes sense. that said, i still think rates are headed a lot lower. i still think the european rates are telling you somethi

our traders tonight are tim seymour, steve grasso, brian kelly, and guy adami. here's what's coming up on "fast." bailing on apple for now. one of our traders dropping the stock from his portfolio. he will explain why coming up. and while many investors are focusing on europe there's some under the radar action in south america that you should be watching. we'll tell you what it is and how to play it. we start out with a big move in the markets today. stocks coming back after a big sell-off spurred by the stronger dollar and falling oil prices. now the street is looking to see what the federal reserve will do next week. now, a lot has changed since the last meeting started on january 27th. the s&p and oil around the same levels but the dollar is up 6% against the euro since then. ten-year treasury yield has jumped to 2.1%. it was 1.8 in january. guy adami, the world has changed. >> that's the most important thing right there. you just mentioned yields. i would have thought if you'd said what's going to happen in the s&p today big sell-off, what's going to happen

john jerry, karen and guy adami. here's what's coming up tonight on "fast."onference call today. >> most cars don't improve over time, but the model s is out there, software updates does get faster smarter, better as time passes. and the car improves while you sleep and when you wake up it's got added functionality at this, improved user experience and it feels like driving

guy adami, what do you say? >> a big fakeout. i'm of the belief that the fed has lost control of the markets. they can speak all they want, but in reality the markets are out of their control, and specifically the currency markets and the bond markets. if the bond market wanted rates to be higher they would have been higher a long time ago. you still have ten year below 2%. you have german yields i believe at historic lows. i still think rates go lower in this country and i think the moves in the dollar, you don't get 5% moves in two hours in major currencies. you used to get them in two years. yesterday you got them in an hour and a half. not healthy for the overall markets. i think the fed wanted to jawbone the dollar back down. it lasted for a day. it's not going to last much longer than that. >> what do you think, karen? >> i think the equity rally was, i don't know, kind of a knee-jerk reaction that the fed has said, we're going to look at the data. i think we could be sitting here two months from now and be two months close

guy adami, what's your view on this one?round this cloud like it's going to cure obesity. people throw it around and think 90% of the people that talk about it myself included, probably don't know what cloud is. and my concern is with everybody talking about it is it becoming commoditized? that said, it's still not a huge portion of oracle's earnings. let's put it out there. it's probably 5% to 8%. revenue miss concerns me. eps okay. still not an expensive company at 13 times forward earnings. i think it's good enough to get the stock back to levels we saw a couple months ago. >> evan where does it leave us? >> i think it leaves us where we started which is basically in the same exact place. the market has gone basically nowhere this year. the u.s. market at least has gone nowhere, and i think it's afforded opportunity for investors to sit back and ask themselves one fundamental question which is will the u.s. economy finally decide to grow at a reasonable pace going forward? is the u.s. economy fundamentally different than

pete najarian, karen finerman and guy adami. the time for the apple watch is here.the details just a few hours ago. we'll take you live to the event and debate whether you should buy the stock before the watch is released. >>> and breaking news after the closing bell. qualcomm announcing a $15 billion share buyback. we have the details and the trade. >>> and another hit for tesla today. job cuts in china sending shares lower. the stock is now down 12% over the last month. we have someone who says this sell-off is a

the traders tonight are dan nathan, brian kelly and karen finerman and guy adami. we have the man behind the calls coming up. and plus, tesla ceo elon musk taking to twitter saying he's got a major announcement on the horizon. it's not a car. the details just ahead. but first, we start with what else, the broad-based rally we saw on the street after last week's heavy selling. all throw of the major indices seeing gains and the dow is jumping up. so tonight we asked the question, how real is this rally and dan nathan, can you trust it? >> of course you can trust it, we're going up here. listen, when you think of it, everything participated today. but there were a few things that didn't participate. i think it's worth noting when you think of it, apple is up 3%. huge gaper here -- gainer here and there were tech stocks that didn't trade well. alibaba, facebook all day on the down. that's more than $1 trillion in market cap that did not participate in the rally. so when you asked the question can you trust it, yeah, sure. it seems like a little bit of a quarter end wi

i'm not talking about guy adami.nis gartman says europe has a bond problem that could be great news for european stocks. he'll explain. >>> and a major bet in biotech. one trader making a bullish move in celgene. we'll break down that trade. >>> let's start off with the apple watch. we know it will be able to do everything from receiving calls to tracking your heart rate. but will people actually want to wear on their wrist? let's bring in "vanity fair".com's news editor and senior fashion editor jennifer chan who joins us from l.a. guys, great to have you both with us. jennifer, i'll start off with you. as a woman, i think this thing looks giant. i don't know if i would want to strap this on my wrist. >> well, i think the apple watch is going to be the must-have accessory of the year there is completely different ways to customize it t watch suited for you. we have two different face there is 38 millimeters or 42 millimeters. smaller or bigger. smaller obviously caters to the women audience, as well as 16 different

. >> guy adami, what do you think? >> i think steve's numbers are always very good, first of all. the other two things you have to look at, i think, the transports to me have sort of given up the ghosts a little bit. we had trouble 168 since october. bounced up against that level a number of times, failed. here we are in the low mid-150s, and the russell in my opinion, the iwm, needs to hold 121. we're close now. if you see the russell through 121 and continued weakness in the transports, the levels that steve talked about on the downside in the s&p are almost a foregone conclusion. >> are you sure of this market -- >> yeah, and i put a new short of the xlp, the consumer stable etf. it reminds me a lot of intel and microsoft, how investors crowded in them last year for their balance sheet, for their buybacks, for their dividend yields, and they got kind of expensive. at a market multiple, intel last year, at its highest, was expensive, to itself, okay? so the consumer staples actually remind me of that. and we've already seen procter & gamble down 10% on the year, we've seen some

the traders tonight are dan nathan brian kelly and karen finerman and guy adami.lus tesla ceo elon musk taking to twitter saying he's got a major announcement on the horizon. it's not a car. the details just ahead. but first, we start with what else, the broad-based rally we saw on the street after last week's heavy selling. all throw of the major indices seeing gains and the dow is jumping up. so tonight we asked the question, how real is this rally

and guy adami was talking about a growth driver, and if it would not get it organically, it would goyes, and you go back to altera and you go back to the january quarter, and look at the analysts in the wake of the january quarter, and five of them lowered the price for the stock, and between $30 and 35 and the company was not performing all that well in the first place, and what is going on here to dan's point, the perceive to buy and need growth, and the margins, and maybe the peak margins, and maybe something, and will work out, and i don't know, maybe they have paid up, and they are grasp ing for the straws right now. >> and they sent the rally through the whole sector, and people are looking at what needs to be next. >> and you are look at the zilinks up at the end of the day, and that is a great chart n now. >> and it is a trade update with mr. grasso with the chart that made him sell out more than half of the position, and what do you see? >> if you look at the chart that i alluded to yesterday, this is the quarterly chart of the s&p and if you go back, and this is 2000, and 2

i'd like to put that back to guy adami.tors are wising up and realizing maybe the foundation that everybody has been saying so strong is perhaps a little bit cracked? >> you know it's funny. carol makes a great point. we have this keynesian fed and they don't want people to save money. save stion a bad thing. larry, you can speak to this. we have been taught since i was a little kid you have to save, save save save yet the fed is doing everything in their power to get us not to save. to your point, carol, i think people do want to save. i don't think people want to be forced to spend, but everything that's going on right now with the fed is forcing people to do exactly the thing that they're taught not to do growing up. >> i want to echo one of the things guy said earlier about transportation. this was a point that jimmy cramer has been making too. transportation is providing very weak leadership and, in fact i think it's about five percentage points below its highs made last autumn. comet is slowing down a lot of it slowin

traders tonight, tim seymour, brian kelly, karen, and guy adami.d plans for yieldco. we have the cfo in an exclusive. >>> plus tech bubble 2.0. mark cuban making comments on liquidity in the market. comments you need to hear and the trade ahead. >>> first breaking news on the latest round of the u.s. bank stress test. kayla has more back at hours. kayla? >> reporter: hey, nellis is a. for the first time sense the stress tests were introduced by the federal reserve

melissa lee and guy adami joining us from there. guy, first to you.r think back at the time that we'd be able to come back, to do it, to reclaim that level? >> the short answer is yes. i think we got here faster than i thought but the answer is yes and what does it mean to me? the leadership you're seeing, some of the leadership companies, the semi-conductor index, look what that's done. the leadership out of these companies, with reasonable valuations, and then you have transformative companies like the apples. you have company that have reinvented themselves like microsoft. we're here for better reasons i think. >> there's a way, melissa, to look at it flip it on its head and say 15 years. that's what it took. is that a lost decade and a half for people who have grown up been investing in between? >> well, i guess it depends on what you have been investing in because for every stock that burst and didn't come back there were stocks that reinvented themselves as guy put it and done pretty well. in terms of leadership we are in a better place today. t

guy adami, we have been focused on the bigger banks burt they're smaller regional banks. >> the small regional banks. >> they passed. they were seen as a loser last week. >> that stock topped out at 33. it's not really moving. he's probably right in term of citi but you go back to goldman sachs. great interview with gary. he's pleased with the liquidity position and if you think about this quarter specifically we have seen unprecedented volatility in currencies, commodities and the bond markets have a big move. you wonder approximate the currency commodities group is going to smoke this quarter. they report april 16th. the stock had a big sell from 198 to 175. this could rally into their earnings. >> you earn a number of financials we talked about tonight. does this make you rethink the relative weighting of these positions within your portfolio. >> yeah, probably bank of america and then jp morgan. i would probably switch the first two. city is better at this point than bank of america. particularly it's priced to both below one. that is the most attractive. >> i'll likely do it tomo

. >> our gone guy adami has been calling it on netflix for quite a while.i think it's getting top at $600. that's up 20%. if you're trading the stock you trade it against the high in 2014 which is effectively these levels. >> has not traded well in the past couple of weeks. below this 440 level you tend to have 50% correction of $400. >> guy, you got it right. now what? >> listen, i think certain stocks like tesla, netflix you have to look at them at a certain point. the 320 double bottoms held up. we talked about the potential. now you have to try to figure out where to buy the stock. you do it one of two ways. you buy it on a break out maybe above 450 because north of 450 or below those previous sides or look for a pull back to that level we talked about in the clip 400. a 50% correction of the january low and recent high. >> the reasoning behind the downgrade is interesting because this spending gripe has been with netflix for a long time but he makes a good point in terms of the experience on mobile is a lot better now than when netflix started. it open

our traders tonight are tim seymour, pete najarian, brian kelly, and guy adami. more room to run for jcpenney? stock soaring. details ahead. how smart was the smart money in the first quarter? we've got the new numbers on the hedge fund heavy hitters. find out where paulsen and ackman put their money. but first it's officially the end of the first quarter. we went out with a bang. the dow finishing the quarter in negative territory. dropped 200 points. nasdaq up for 2015 and the quarter. tomorrow is the first day of trading if they are second quarter and the kickoff to april. historically a strong month for investors. do you stick on what is winning or take some money off the table? tonight we lay out our second quarter playbook trades. tim, we'll kick it off with you. what changes in q2? >> i'm not sure anything changes. the first was fed, dollar, oil, ecb. all of those things are front and center. some of the trades took time to get going. a lot expected the consumer to rebound faster based upon lower commodity prices, lower gas prices, et cetera. i think you s

john from tgi group and guy adami.ned in the nasdaq today, driving it bio biotechs and strength of technology. >> biotech is the real driver. you go back 10 15 years, the real driver of the nasdaq was technology. now it's still technology except you have to throw those three letters b-i-o in front of them. everybody has been saying biotech is in a bubble. that is not the case. many big pharma companies would die to have the balance sheet a lot of biotechs have. i think the rally in biotech is still well intact here sara. >> john spallanzani, make sense of the world for us after all we've been through this week fed speak and all the other things that have been going on here. do we stay the course or did something change for you this week? >> nothing changed for me. as a matter of fact, i think things got better. i think that janet said lower for longer again. everybody is waiting for her to take the punch bowl away. she's not doing that. she's not even prepared to do that right now. >> do you still hold bonds then treas

. >> deep thoughts by guy adami. i'm melissa lee. thanks for watching. see you back here tomorrow at 5:00 >>> 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 a little money. my job is not just to entertain you, but educate and teach you. so call me or tweet me me @jimcramer. we do not have enough respect for execution. nobody talks about it about the sheer power of executing right of a management team fulfilling unmet needs or changing courses during changing times. yet, it's a terrific part of this amazing long-term rally, including today, where the dow climbed 39 points, s&p advanced 1.2% and the nasdaq gained 0.23%. i know this factor is underestimated because i see it every day. this morning we got a textbook example. right now there's a widespread perception that stocks are expensiv

joining us is guy adami. we are seeing rallies across the sectors what do you make of the reaction?k the reaction is exactly right. bill gross was talking about the dollar being fourth on their list. i would disagree. i think the dollar made its way to first because of the move and the speed which you've seen the move. the dollar scared them and they needed to slow it down a little bit. you are seeing the move in the bond market one i have been thinking is going to happen for a long time. i am vipsed that rates will continue lower in the united states. and the movement in the dollar, it is just sort of a road bump or speed bump on the way for the dollar to continue its rise against other currencies. the gold move makes sense. the oil move is interesting. maybe you saw the bottom today and a big move to the downside following the rally. maybe you get a couple days of rally in the oil market. but the real story continues to be the bond market and what it's telling you. and >> so let's go into the related trades, guy, you say there is a bid for bonds. but let's look at financials. what

steve grasso brian kelly, and guy adami. shares are falling.e stock is still a buy. and pollo loco shares coming upping in the after hours after the company delivered a strong revenue number. we'll debate your best bet in the restaurant space coming up. >>> but we start off with today's rally. a weaker dollar stronger euro, helping push stocks higher. but currency fears still sparking some on wall street. raymond james downgraded garmin because of currency conditions. and intel cited the currency move when it cut its ou

tim seymour, carol finerman, and guy adami. twitter closing above the key $50. the apple watch out in one month. we'll fell you whether you're better off buying apple stock before or after the watch is released. >>> the top story, the buyback blackout. that is the period of time before a company reports earnings when it cannot announce new any buybacks. we're entering that window for first quarter results. many thi

i'm in the guy adami camp or he's in my camp because in the end we've all heard it dozens of times. rates going up is bullish. i would like to think so but i think that the stock market is going to have to recalibrate to a new world if the fed normalizes rates. the problem is that the fed is now a coho salmon. they missed opportunities to normalize rates, now they're going to do it and they need to do it but they're doing it at exactly the wrong time. they're going against all the other central banks, against all the growth trends in china. so this is going to be a tough one, and i think the normalization process is going to be hugely bumpy in stocks but when we're done we'll be able to look into the camera and say that the data is good because the stock market is up and interest rates are up. i don't think we're near that intersection yet. >> rick correct me if i'm wrong, but we've talked in the past about -- you especially -- the distortions in the market caused by quantitative easing and the markets don't act the way they normally would responding to certain economic data, but to

also "fast money" trader guy adami and cnbc distributor michael yo shi ka mi.anation for what happened? >> more sellers than buyers right, guy? >> let's not get crazy. the s&p was either side of up five, down five. let's not get nuts. i'll tell you the things that were interesting to me outside the s&p. i thought the transports. if you look at the iyt, since october-ish it's had trouble at 167. down 2%. something to watch. continued outperformance on the russell unchanged on the day, and you were mentioning the bond market. the other thing i want to bring up and brian kelly talked about this on friday the biotech index had a huge run early friday, gave it all back down big today. that's something that i think is worth watching as well. all those things outside the s&p sort of caught my fancy, mcc. >> mary ann, this is a point i keep making. we have earnings coming out next week and the expectations are abysmal for what they're going to tell us about corporate america and yet we sit here near all-time highs. >> it's all about fed policy especially if we're going

our traders tonight are tim seymour, steve grasso brian kelly, and guy adami.iling on apple for now. one of our traders dropping the stock from his portfolio. he will explain why coming up. and while many investors are focusing on europe there's some under the radar action in south america that you should be watching. we'll tell you what it is and how to play it. we start out with a big move in the markets today. stocks coming back after a big sell-off spurred by the stronger dollar and falling oil prices. now the street is looking to see what the federal reserve will do next week. now, a lot has changed since the last meeting started on january 27th. the s&p and oil around the same

would it be guy adami versus pete for intel or qualcomm? how does it work?ance qualcomm versus intel to the next bracket. and then we will v, just like the sweet 16 we will see who they will be pitted up. they could face nvidia or micron. it will be the traders first and then people with log in and tweet us and we will incorporate the viewers' choice as well. >> the winner would ultimately be -- and folks at home listening, we do not practice this stuff at all. it probably shows. the winner would be the company of which your traders can vociferous lick makely make the best argument for. >> we're taking an actual vote. >> you got a little supreme court going on there too. you can't have a tie. who is on the other side? can you scootch to your left? joosk. i feel like vanna white here. >> i'm going to pick a winner. >> we have social we have hardware. are you picking like an ultimate winner? >> i'm just kind of off -- i think -- apple would be the kentucky, if you will, of your bracket. gosh. i'm going to go with facebook. i think facebook ultimately wins the

with me is brian kelly and guy adami on the cnbc news line. guy, i want to kick it off with you.ke good news from payrolls is bad news for the market. >> those people that don't believe the federal reserve is behind the entire move to the upside in the market is clearly mistaken. the fear is the fed is going to raise rates and i get you can't be dogmatic in your views. it just looks -- listen the participation rate is still below 63%. that's a 40-year low. close to 100 million people have counted as leaving the workforce. i think 360,000 people left. so, again, depending on your dogma, you can make numbers look like whatever you want them to look like. but i understand why the market is going lower today. it does make sense. >> it does make sense but when you look at what else is moving lower, it sort of doesn't make sense. how can you have equities sell off, but also the flights to sell off. gold utilities, bonds sell off. >> you have a situation where you have higher rates being bad for the market. i think that's what guy was getting at is if you have a situation where the mark