is taking on the iron man guy adami in a fitbit battle royal. but could the real winners be fitbit investors? and later in the hour -- ♪ i got 99 problems >> and big oil could be one. we'll tell you why some traders think a dividend cut is in the works. ahead on "fast." >>> fitbit soaring 60% since its first day of trading in june, but the key test comes when it reports earnings next week, which allowed us the perfect opportunity to pit guy against b.k. we're always looking for an excuse. in a fitbit challenge. which trader really put their fitbit to use when not here on the desk? take a look. >> i'm assuming guy adami is fast asleep in his pajamas now. ♪ about to do a firecracker 5k. i'll take you along for the ride. ♪ ♪ >> hey, b.k. i know you've been work out all weekend, but let me tell you something. times square is where champions are made. ♪ ♪ >> so did guy manage to outstep b.k. in the end? he did not. b.k. wins with more than 88,000 steps in only six days. >> he trounced you. it wasn't even close. >> 55,000 steps. >> i was spending some

guy adami, what do you see for apple? 144? 145? >> i'm not going to pretend i'm some steadfast bull in apple but recently what i've been saying is what ari's saying. i'm surprised it traded to 120, was happy that it held, and i do think it's going to make that next leg up to 145. it's very difficult to fade the stock into earnings. and i think it's going to make the next push higher. >> talk about a consensus long. >> yeah. i mean, look, i was really bullish on apple the beginning of the year and i've changed the tune a little bit. there's better opportunities to put your money. netflix, facebook, amazon. there's better places you could be. i worry about app many long term. near term are they going to beat numbers? they're probably going to beat numbers. i don't think that's going to be an issue. maybe the stock trades up a little bit but long-term this is not a stock you want to own right now. you want to wait and see this iphone 6 launch could be very concerning. >> coming up, the stock that surged a whopping 30% on the back of g

traders on the desk are tim seymour, pete najarian, dan nathan and guy adami. tonight on "fast" gold crashing. the yellow metal hitting a fresh five-year low in today's session but commodities king dennis gartman says this is only the beginning of the plunge. find out where he says the next stop is for the gold trade. plus what do apple, gopro, yahoo! and microsoft all have in common? they're all reporting tomorrow night in what we are calling trillion-dollar tech tuesday. but one of those names has got our traders worried and we'll tell you which one. but first, ibm, one of the largest dow components, out with earnings moments ago. revenue coming in light, the stock getting hit hard in the after hours session. this is close to the after hours session low, down by almost 5%. let's get straight to cnbc's jon fortt with the very latest here. jon. >> well, melissa, as you said, revenues have come in light. there's a big currency impact as well. and growth markets in particular, brazil, russia, and china really a drag on growth here. ibm said india actually was up

guy adami, want to go to you. it's an interesting trade here and it seems like -- the forecast for the current quarter, the forecast for the year, terrible. >> the guidance for the next quarter was miserable. the quarter itself was okay. not great. the guidance was miserable to your point. now, it's been since early last year this stock has had any momentum to the up side. a series of china news or earnings news. you would have thought the jana headlines would have sustained this and bought gotten it back above 65. it's not. quarter on its own should be trading exactly where it is. it's imperative it holds the january low which was 61 1/2 otherwise it feels like there's further room to the down side. valuation is fair, i get it, balance sheet is pristine i get that but the business seems to be deteriorating. >> and this is also a story of samsung losing market share to am. that is one of the major concerns that's been hanging over the stock and we see it again play out in this quarter. >> the sales weren't great.

guy adami, what do you think? >> i don't know if it will hold the key but i think it's going to be interesting. out of all the names you just mentioned netflix is the most interesting on the because it's been the most talked about over the last couple weeks from carl icahn, david einhorn yesterday. i think netflix is going to take off post-earnings. i think it has a 750 handle on it. i still don't think netflix can be replicated. i get the valuation is extended. right behind, though, is a 10% move in google over the last couple days that the rest of the gang with k. speak about. >> and that's sort of interesting ahead of its earnings report, google. >> it has been sort of a stealth move. we don't really talk about it that much. it's a name i've been long for a while. last year did nothing, this year had an okay year. i would love to see expense control. there's a lot of hope that we see a different kind of cfo function and always capital allocation. please, please use the money. buy back stock, dividends, somethin

the traders on the desk are tim seymour, david seaberg, brian kelly and guy adami. tonight on "fast" it is official, oil in a bear market. and one of our traders thinks this is only the beginning of the slide. we'll tell you what it is he's looking at. plus socially awkward or socially acceptable? facebook, twitter and linkedin on board for results next week. which name could bring the biggest surprise? our traders take their position. first to the big story, the dow closing to near session lows having its worst week since january and is now negative for the month. meantime the s&p and the nasdaq were busy logging their worst weeks since the end of march. more pain to come especially given next week is going to be the busiest week for s&p 500 earnings. david seaberg. >> we were 2-1 better for sale on the desk. when you have some data that comes out that's a little bit skewed and you also have some of the biggest growth companies like a biogen come out and say the earnings aren't great, it scares people. the entire biotech sector took a sell-off today. you know, push

and i'll go to guy adami on this. the likelihood is, perhaps, of an activist getting involved in american express? because given its positioning, they just haven't done well enough as a stock. and it seems to me there's some real clear operational issues here. they've had some losses like the loss of costco this year. and seems like there could be sort of a case to be made that there should be some management intervention. >> there's a huge opportunity. you've heard rumblings, i think, over the louisiana couple of years. it was much bigger than people made it out to be. if you look the stock has acted in kind. amex has not performed. i think it is ripe for an victim activist to come in. a range that's traded for the last few months. i think you have a clear bifurcation for american express on one side and visa and mastercard on the other. you've got to be in visa and mastercard. >> all right. i have to step in as the teacher. pencils down for a little while. we have more earnings still to come. and we'll have plenty o

tim seymour, josh brown, brian kelly and guy adami. mcdonald's coming in dead last in the american customer satisfaction report but that could be a good thing and a top analyst will explain why. plus, lagging the market. we've got two big cap tech stocks that could beat the market the rest of the year. and here's the best part. you probably use this company every single day. but first, to the developing story on the airlines. the justice department is reportedly investigating the major carriers for colluding to keep airfares high. and the stocks are sinking on the news. cnbc's phil lebeau's got the latest on this developing story. phil? >> the key thing to keep in mind, this is an investigation of whether or not the airlines according to pete williams, who's talked with people at the department of justice, whether or not airlines have sent signals to each other in terms of when they're going to be adding capacity or restricting capacity. that's at the heart of this investigation. the airlines, are they working together to limit that ca

guy adami, why not? >> i don't know if it's the all clear, but i think technically speaking it's the all clear. we held exactly where we should have. steve grasso's levels of 2050, 2054 in the s&p is exactly where we traded down, held a couple of times last week. the russell, the iwm held that 121 level that we've talked about forever. transports have been fwh their own world. we won't talk about them. but technically the market's done everything it should. to me, especially entering earnings period right now, we're setting up to take out that 2135 level in the s&p. the all-time high we made a couple months ago. >> with the markets where they are right now it is as if greece and china were never problems this past month. >> yeah, trading as if that's resolved. and i think to take the position here that the greece situation is over seems very, very optimistic. we've seen the line in the sand get moved so many times. we need still approval from the parliament. that would seem to be a very big deal. so i do

tim seymour, josh brown, brian kelly and guy adami.ast in the american customer satisfaction report but that could be a good thing and a top analyst will explain why. plus lagging the market. we've got two big cap tech stocks that could beat the market the rest of the year. and here's the best part. you probably use this company every single day. but first, to the

thanks for joining us guy. >> later. >> more with guy adami on "fast money" at 5:00. about which chip names could be most impacted by china's slowing economy. >>> greek banks close as the country faces a major cash shortage. citizens only able to get 60 euros out of a atm a day. odoma care was supposed to keep health care costs from skyrocketing. health insurers are seeking massive rate hikes. could that make the affordable health care act unaffordable for millions? [ male announcer ] we know they're out there. you can't always see them. but it's our job to find them. the answers. the solutions. the innovations. all waiting to help us build something better. something more amazing. a safer, cleaner brighter future. at boeing, that's what building something better is all about. ♪ ♪ >>> banks in greece remain closed this week. as citizens and tourists remain in line for 60 euros a day. his company provides payment processing services for banks and atms. thank you for joining us. what is the situation on the ground in greece? >> to say the least, it's very interesting. e

conflict, too. >> guy adami, too. >> streaming guy. >> in terms of gunlock he said the two-year yield closer to 10%. let's get straight to scott wapner, icahn and blackrock. >> one i think is overdue and one that certainly could not be more timely. i should also say in the spirit of the recently wrapped up world cup knowing what could happen over the next half hour or so, i have a yellow and red card and i will not hesitate to use it if i have to. larry, i begin with you. what for the record is your position on activism? >> there's a role for activism. a big role. we're the longest of longest-term investors. $2.2 trillion of money that we manage on behalf of clients, index funds. so we have to own companies that are poorly run and companies that are well run. we own all the companies. unlike active investors, and a lot of money we manage active too, our investors can sell those stocks it if they hate the company. we have to own the stock whether we like it or not. and the -- so we have a much greater responsibility in working with companies and hopefully over a long term working with

pete najarian, dan nathan, karen finerman and guy adami. tonight on "fast" the great wall of worry for stocks. greece, china and oils plunge all weighing on markets. o'so we've got your three stocks to buy right now with volatility back in play. plus general motors dropping below its ipo price of 33 bucks a share for the first time this year. phil lebeau will join us with a special report on what's behind that decline. but first to the oil crash. crude tank to the tune of about 8%. logging its worst performance since april. this as we sit less than 24 hours away from a potential iranian nuclear deal which could result in a flood of millions of barrels of oil per day to the global market. guy adami. >> so now -- well, pete can speak to the lvx. that's had a huge move today. and the oil space has been under pressure now for a while. i thought it was taking a pause up around that $60 level, was going to break up one of two ways. now think it's finally showing its hand. how do you play it? we're going to talk about the refiners later. but look

our traders on the desk are tim seymour, pete najarian, karen finerman, excuse me, and guy adami. tonight on "fast" could the turmoil in china be spelling serious trouble for america's most beloved stock, apple? we'll talk to an analyst who was just on the ground. plus one of the best technicians on wall street has one chart that is pointing to much more pain ahead. he'll tell you what that is. but first to this market move. the dow falling as much as 150 points today on the back of that sharp sell-off in shanghai. ugly off 8 1/2%. is the selling fully china-related here in the u.s. or o'could there be something else, something bigger and deeper perhaps, guy? let's start with you. >> tim talking about china, i think it has a lot to do with china. when the market's down 8% on top of the moves we've seen over the last couple of months it has to have something to do with that but i also think it's somewhat technical in nature. i think earnings have a lot to do with it. i think earnings have been okay but i think the chasm between eps and revenue continues to grow. i think technically

for you a-minus was meh. >> guy adami. >> speaks volumes. gopro. nick woodman.his was a tough quarter. given the run-up in the stock they had to produce, their guidance was great. gopro, the stock goes higher from here. >> again watching the qs in the after hours under pressure after the spate of earnings disappointments. i'm melissa lee. sigh >>> 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 to educate and teach. so call me at 1-800-643-cnbc or tweet me @jimcramer. in this stock market, butty is growth deep, anything more substantive than that and anything that represents, say, value qck

guy adami, why not? >> i don't

pete najarian, dan nathan karen finerman and guy adami. the great wall of worry for stocks. greece china and oils plunge all weighing on markets. o'so we've got your three stocks to buy right now with volatility back in play. plus general motors dropping below its ipo price of 33 bucks a share for the first time this year. phil lebeau will join us with a special report on what's behind that decline. but first to the oil crash. crude tank to the tune of about 8%. logging its worst performance since april.

the traders on the desk are tim seymour, david seaberg, brian kelly and guy adami."fast" it is official, oil in a bear market. and one of our traders thinks this is only the beginning of the slide. we'll tell you what it is he's looking at. plus socially awkward or socially acceptable? facebook twitter and linkedin on board for results next week. which name could bring the biggest surprise? our traders take their position. first to the big story, the dow closing to near session lows having its worst week since january and is now negative for the month. meantime the s&p and the nasdaq were busy logging their worst weeks since the end of march. more pain to come especially give

guy adami joining us today.ud and clearly on this rally. >> sorry about yesterday. it was my fault on the microphone thing once. happy birthday, kelly. happy birthday. >> it's not for a couple of days. thank you. >> great to have kevin o'leary onboard. what i do think about this rally? the market wants to go higher. the move energy is interesting. look at the move in the refiners today. maybe it is the classic sell the rumor, buy the news. today's reversal in tesoro worries me. i said the refiners were the trade. today's price action is somewhat worrisome. ken mentioned j&j. pepsico said the same thing. currency is a huge story and will continue to be a huge story. >> guy, same question to you. should people shy away from companies that have this exposure? the u.s. dollar hopefully rallying if it continues to on better u.s. economic news? and companies have to deal with it? >> companies have to deal with it. i don't think the guys and gals playing the home game can do anything about it, necessarily. what you can

guy adami, thank you so much. appreciate it.e with guy and the "fast money" team at 5:00. >>> china's recent stock plunge may slam the brakes on auto sales in that country. how worried should auto investors be about sales recovering in the world's largest car market? >> facebook taking aim at youtube and google. ♪ ♪ ♪ it took tim morehouse years to master the perfect lunge. but only one attempt to master depositing checks at chase atms. technology designed for you. so you can easily master the way you bank. >>> welcome back. auto sales may be red-hot here in the u.s. they are getting cold in china. phil lebeau joins us with the details on this slowdown. >> at this point it's not terrible. any time you have a slowdown of the largest auto market the place driving the profits for so many automakers around the world, there is genuine concern there. take a look at the latest numbers from the china auto manufacturer association. june retails sales were down 3.5%. the 2015 sales estimate 20 million vehicles and they are lowering the ex

your traders on the decemberric steve grasso, dan nathan, karen finerman and guy adami. tonight on "fast" oil recouping some of its losses from a brutal week but one top strategist is here with a bombshell prediction. find out why crude could fall another 15%. plus, just how big a threat does china's market pose to the major chip stocks and which names are the most highly levered to china? we're naming names in just a few. but first to the whipsaw day on the street. stocks staging a massive comeback. the s&p 500 breaking below its 200-day moving average early in the day. only to end in positive territory. while the dow recouped a 218-point loss. closing the day higher by 93 points. this all as crude oil staged a solid reversal as well. was it as simple as that, steve grasso? the reversal we saw in crude. >> i'm not sure it's as simple as that because things do definitely have to play out. crude was probably grossly oversold. but i think what you touched on first, the s&p breaking through that 200-day moving average. the last time this has happened was october 2014. the t

as i heard one of the adamis say, so that's what's going on right now. >> i guess at this point, you know, some people have suggested, okay, three to four minutes, we get it. some computers go down. 15 minutes, perhaps, excusable. does the fact that it's been an hour raise any red flags in your mind? >> well, i mean, it's concerning. obviously it's an hour, but you've got to remember that we no longer have the human element of trading. it's all electronic. the kpoeb ecomponents are so complicated today than they were five years ago. these systems are big and complicated. it doesn't surprise me it's an hour. at the same time, that's a very long time for one of the major exchanges in the united states to be down. >> nyse is tweeting just now, i'm reading from this, "the issue we are experiencing is an internal technical issue and is not the result of a cyber breach. we chose to suspend trading on the nyse to avoid problems arising from our technical issue. nyse-listed securities continue to trade unaffected on other market centers." internal issue, not the result of a cyber breach. ter

our traders on the desk are tim seymour, pete najarian karen finerman excuse me, and guy adami.ld the turmoil in china be spelling serious trouble for america's most beloved stock, apple? we'll talk to an analyst who was just on the ground. plus one of the best technicians on wall street has one chart that is pointing to much more pain ahead. he'll tell you what that is. but first to this market move. the dow falling as much as 150 points today on the back of

traders on the desk are tim seymour, pete najarian, dan nathan and guy adami.. the yellow metal hitting a fresh five-year low in today's session but commodities king dennis gartman says this is only the beginning of the plunge. find out where he says the next stop is for the gold trade. plus what do apple, gopro, yahoo! and microsoft all have in common? they're all reporting tomorrow night in what we are calling trillion-dollar tech tuesday. but one of those names has got our traders worried and we'll tell you which one. but first, ibm, one of the largest dow components, out with earnings moments

our traders on the desk are steve grasso, david sieberg, brian kelly and guy adami.thing rare and extraordinary and it could lead the stock to go on to a super surge next week. we'll tell what you that something is. plus elon musk taking a page out of the movie "spaceballs." and this is rather ludicrous. a look at what it could mean for the stock ahead. plus the massive tech rally, it was the best week for the tech sector in more than four years. google seeing its biggest day in history plus amazon and

and here onset with me now is michael santoli with our own jon fortt and guy adami.t me kick it off with you, did the markets like the fed decision here? or is there something else going on here? >> well you said it earlier, china rebound has a lot to do with the fact that the technicals in the market, the s&p specifically continue to work. 121 is the level. yes, i know it traded below and closed below, but within a whisper of 121 bounced off those levels and the fed had a lot to do with it. the market doesn't want to break those levels. everybody's looking for it to happen. doesn't want to happen. it happens when you least expect it. right now, the trajectory continues to be higher. >> yeah mike we have a nice two-day rally shaping up. maybe you need to stick around. >> exactly. i'll be back tomorrow if you like. no surprises, no sudden moves in all the other macro markets. vix down toward 12 again. and i'm going to point to that level of 2,100. we've crossed it on a given day. just a round number we keep wearing out right now. >> and you mention the vix. it's extra

our traders on the decemberric tim seymour, david seaburg, brian kelly and guy adami.two food stocks seeing smoking hot moves. new high from mcdonald's and double-digit percent gain from shake shack. which is the better fast casual buy? plus big oil big problems the one chart that says oil stocks could be going the way of the banks in 2007. it is a scary chart. so get ready. but first through the storm that was brewing in the market today it wasn't stocks. oil seeing its worth month since the financial crisis. gold seeing its worst month in more than two years. bonds meantime rallying sharply. with all this