for mellissa lee welcome to this furious lat "money tim, kyren nothing feinerman and gorgeous guy adami i'm new. tess lab has been on fire the tech anything that correctly called the brakeout now says, "get out!" apple taking a big step to beef up its tv business s. this netflix's worst nightmare? gene munster says so he is here to tell you how tight it might be. >>> as you know, many tech stocks have been sinking, one stock traders say can make you money going order, that name is ahead. first. >> i taped it. >> you are welcome we captured main street, amazon buying whole foods, shares of both those companies rising today. but, that deal scared investors away from pretty much every other consumer-related company, from big box stores, the entire ecosystem lost a combined $30 billion in investor value today t. fear is amazon will, well, amazon, it's a trillion dollar industry gorgeous guy adami. >> yes, sir. >> any of the names whacked today deserve another look >> first of all, grad to have you on second of all, i thought target was a screaming buy. it made i think a 52 week low today. y

no adami. >>> apple has gone hollywood.ed a new reality competition show last on itunes called "the planet of the apps." get it? it's apple's first move into original content. the premise, contestants pitch their idea for, you guessed it, an app to a panel of celebrities for a chance to win a spot on apple's app store. it's a ten-episode series and will be released on the music app. >> sounds an awful lot like "shark tank." >> exactly. >> app version. >> i'm glad you don't fear guy adami. this friday, "power lunch" is getting into the delivery business. place your order for the names you would like advice on. e-mail us at powerlunch@cnbc.com. our experts will tell you whether you should buy, sell, or hold the stock and guy adami will be joining us. >> i love guy adami. >> so you can bring up that comment directly. >> i didn't -- no, no. you brought up guy adami, by the way. >> no, no, no -- >> you said no man has a pinterest page. >> i didn't say that. i said i checked it off and was told to get off. it was a comment -- it

i'm mellissa lee, the traders are pete najerian, karen feinerman, guy adami. oil is getting crushed. take the energy stocks down with it. there is one name some traders see as a bargain. >>> plus, more tradings are soaring in both the nba finals and the stanley cup. we'll give you the names. later, stop strategists at barclays say it's time to make a major change with your portfolio. firlgs, we start off with what is captivated wall street, walk, pretty much all of america. james comey, gearing up to testify in front of the senate intelligence committee tomorrow. eamon javers has the latest. >> reporter: we have the written testimony james comey will deliver before that much anticipated hearing. all the broadcast networks will carry this live. it will be the focus point of the political attention. tomorrow some of his testimony is being compared to a tom clancy level in the terms of detail and narrative about his version of his interactions with the president of the united states, saying he had nine specific interactions with the president either in person or

new york's times square the traders on the desk are tim seymour, steve grasso, dan nathan and guy adami, it's been a week with crude sinking, the energy trade gets crushed. it's sending one group of stocks soaring. plus, apple surging next week. we got a way to protect your profits for next to nothing. later, one of the active strategists on the street, tom lee is coming out of the elevator as we speak? in fact, late, he's almost here to the set. he says the bank stocks could rally another 40% from here. what's he looking at? we will start with him. first, we start with the classic trump trades, check this out. the stunning movers the small caps, groups, which soared after the election and tapered off afterwards, small caps surged 4% in only three days. the transports are up 3% alone, all this as stocks hit record highs. so is this a sign the classic so-called trump trades are back? and is this confirmation that the rally is, in fact, guy in good shape? >> rallies intact, let me start last night, i don't know what the trump trade s. i think the mark would be here, it doesn't matter. whe

traders are tim seymour, steve grasso and guy adami, i'm mellissa lee t. top strategist fang says it is the perfect time to buy. he'll be here to explain why. >>> amazon causing a flash crash in the stock, surging if seconds. it could be a major warning for the markets. plus the bank is on fire hosting the best week of the year. one trader says it's a time to get short, tell us why it's worried. we start off the sector having its worst day since the brexit sell-off. the nasdaq soaring to record highs, turning lower, on no news, one of the worst sessions of the year on extremely heavy volume, taking the rest of the market with it. it was the fang stock with the extra egg in it. the most widely held stocks in america that took it on the chin, facebook, amazon, netflix, goog. . it wasn't just the well known fang stocks. it was widespread in the tech space and video rolling over, square fake i taking salesforce down. this is a huge real this year the tech moves you too far, too fast. you buy the tef or have we seen the top? >> i don't think you have to buy the

. >>> joining us now to discuss this week's rebound is cnbc contributor guy adami.ood morning to you. >> good morning. how you are guys doing >> we're good, guy >> we're watching the banks. i want to get your thoughts, it seems like they're in a sweet spot because while the yield curve flattened, we've seen this appreciation in some of these bank stocks. but it doesn't make sense. it's a bit perplexing. is this just a rotation out of tech >> does it make sense? i think it does make sense that you will point to the 210s flattening out people look at that and say how can banks rally in this environment. i understand what they'd be looking at but the reality is 210s to the banks are not nearly as important as some other metrics, maybe 15/30s or 10/20s which is what other people look at. i think what you're seeing now is just a repricing. the market i financial crisis, these banks were pricing 2 1/2, 3 times tangible to book some are pricing less than tangible book. but some are saying the banks don't deserve the valuation we saw in '07 and '08 or at such a discount now

on the new york stock exchange today, closeing pretty much where it opened, but can it pass the guy adami's cooking up one of his meal kits can't miss this. i'm melissa lee. you're watching "fast money" on cnbc in the meantime, here's what else is coming up on fast. ♪ >> and since it went on sale ten years ago today, nearly a billion iphones have been b sold but just how different is the current from the original? a side by side test that might have you buy iing the stock rig now. >>> oil's been stuck in a range forever. but a top strategist says a breakout is coming and now is the meti to buy. he'll tell us what has him so bullish when "fast money" returns. ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. ♪ ♪ welcome to holiday inn! ♪ ♪ thank you! ♪ ♪ wait, i have something

traders are tim seymour, dan nathan and guy adami check out these new ten-year yields falling to the lowest level since the day after the election >> that decision process 2:00 p.m. eastern take a look at the subpoena 500s speaking of yellen, claiming back into the close ending the day a couple of points lower the dow soaring at 2:00 p.m. and making rapid news throughout the afternoon before a bit of the surprising rally into the close, ending the di at a record high it all got under way when traders learn the fed's plan for a massive balance sheet. let's go to steve leishman, he has been deciphering what the fed is up to steve. >> reporter: hey, yes, the federal reserve hiked points to a quarter point of a ragege of one to one-quarter of a percent, turning up the heat and ignoring readings it's the first time since 2008 the feds number does not have a zero in front of it. janet yellen says the moves are justified despite weak inflation numbers. >> all that we are doing in raising rates is moving, removing a bit of accommodation heading towards neutral pace and i see that is appropri

. >>> later, guy adami has one stock up 52%. >> look how happy. >> there he s.e is betting on more gains to come. he will give us his fast pitch when more "fast" returns. >>> welcome back to "fast money". two retailers, two different stories, lulu surging restoration hard ware, though, is tanking. jackie deangelis is in the newsroom with more. >> scott, good to see you, high end retailer rh plunging in after hours trading t. stock is on track to wipe out last month's gains, if it opens at these current levels tomorrow. shares are down after getting weak second quarter guidance. the company is saying it's taking a cautiously optimistic approach given certain macro-environments. shares are up 42% year-to-date. you had two different stocks, lululemon shares are up in after hours, taking a little more leg higher as the conference call is under way the company cfo saying this quarter's online sales are growing in the low to double digits, first quarter comps and forward guidance looking good as well. shares are down 13%, though, year-to-date. >> jackie, thank you so

overlooking new york city's time's square, i'm mellissa lee, we have tim seymour, steve grass as to, guy adami tonight, it's a snap disaster, shares tanking back to the ipo price of $17 bucks per share so did any of our traders buy the stiff? we are putting the surface pro up to the new ipad pro to determine once and for all which one is a better tablet later, biotech stocks take a mid-day dive, potential new executive orders on drug prices, we will hear from the top ceos in the space first we start off with wall street, a sell-off on some of the most widely held stocks. facebook is down 3%, goggle, nvidia, apple is down a whopping 7% and netflix is down more than 8% so we talk all the time about waiting for the dip to buy if this isn't the dip, what is which names are the best right now? guy. >> i think netflix stands out to me i do know the move we have seen over the past couple weeks, we have moved to this magnitude before we had one in july we have seen moves in netflix. within a week or so the stock continues the upward trajectory. 150 is a big level in my opinion. if you look, that's whe

guy adami? >> great to have you on board. we love to is you here get that out of the way, it's very important i don't believe in coincidences. i do think it's a bit of a coincidence. the two encouraging thing for me today, you saw the monster selloff in tech, but had a commensurate move somewhat in financials and energy. so now you have the broader market doing well, tech basically all the way back, and you have financials holding on to their gains to me, that was the most important part of today. so is it coincidence i don't know i think tech was a one, two-day event. a lot of these stocks are right back where they were the fact financials held in there is encouraging. the s&p is at an all-time high once again. >> safe to get back into these tech names you have a face. >> well, the face i have, i look at the selloffs. i mean, when i look at what we've had all these selloffs, it sauce seems to be around the same sort of a deal, very short term, very short lived and suddenly everybody wants to buy them back again. so, to me, t

kim seymour, karen finerman and guy adami. tonight on "fast" shareholder meeting moments away, we will bring you more must haves on the break and morgan stanley analyst adam jonas has an interesting call. who might be the winner? it's not tesla. plus, safety trades are surging as bonds and golds continue to drive t. strategist says fear not, stocks are still a buy. we'll tell him what has him so bullish. later, karen will tell you the one bank stocks that she says is a screaming buy. and jamie dimon, it's not your stock. >> oh, wow, man. >> we start off what it looks like for a retail armageddon once again. now covering your year-to-date lows t. main calls were, once again, department stores. macy's yeting crushed 8% a. retail sell-off in the other department stores. is this the retail bottom? if not, what do we need to know and see, to see that we've hit rock bottom? >> guy. >> the retail bottom in the names you mentioned. macy's, you say valuation, karen can speak to this probably eight times forward earnings. you talk about

with us on set you saw his finger, let's show the whole person, the one and only guy adami. >> josh brown was walking off set. he yelled my name, i looked over at him, i'm sorry. >> let's first talk about the tech sell-off. start to roll over at 12:20. you pull up any intraday chart including it tesla, nvidia, amazon, apple, all of them rolled over. >> nvidia sticks out to me. it's been on everybody's radar screen. at 1:00 it traded is 50 million shares. after making an all-time high the reversal is significant. so if you're looking for an opportunity to maybe get a pullback, this is the beginning of something, the reasonable levels of the 120s. >> what's your fake on the overall it tech roll over? >> my take is this. the vix is telling you everything you need to know, again, below 10. market said these tech names have been on fire. xlf against 23 bucks. now trading to 24. the risk-reward sets up. >> should we find solace that the tech stocks aren't doing well but the market is holding up. >> yes is the short answer. i'm going to go back to the vix and say if there was concern i think you

new york's times square the traders on the desk are tim seymour, steve grasso, dan nathan and guy adamitrade gets crushed. it's sending one group of stocks soaring. plus, apple surging next week. we got a way to protect your profits for next to nothing. later, one of the active strategists on the street, tom lee is coming out of the elevator as we speak? in fact, late, he's almost here to the set.

kim seymour, karen finerman and guy adami.ents away, we will bring you more must haves on the break and morgan stanley analyst adam jonas has an interesting call. who might be the winner? it's not tesla. plus, safety trades are surging as bonds and golds continue to drive t. strategist says fear not, stocks are still a buy. we'll tell him what has him so

overlooking new york city's time's square, i'm mellissa lee, we have tim seymour, steve grass as to, guy adamies tanking back to the ipo price of $17 bucks per share so did any of our traders buy the stiff? we are putting the surface pro up to the new ipad pro to determine once and for all which one is a better tablet later, biotech stocks take a mid-day dive, potential ne

traders are tim seymour, dan nathan and guy adami check out these new ten-year yields falling to thesince the day after the election >> that decision process 2:00 p.m. eastern take a look at the subpoena 500s speaking of yellen, claiming back into the close ending the day a couple of points lower the dow soaring at 2:00 p.m. and making rapid news throughout the afternoon before a bit of the surprising rally into the close, ending the di at a record high it all got under way when traders learn the fed'

for mellissa lee welcome to this furious lat "money tim, kyren nothing feinerman and gorgeous guy adamianything that correctly called the brakeout now says, "get out!" apple taking a big step to beef up its tv business s. this netflix's worst nightmare? gene munster says so he is here to tell you how tight

traders are tim seymour, steve grasso and guy adami, i'm mellissa lee t. the perfect time to buy. he'll be here to explain why. >>> amazon causing a flash crash in the stock, surging if seconds. it could be a major warning for the markets. plus the bank is on fire hosting the best week of

i'm mellissa lee, the traders are pete najerian, karen feinerman, guy adami.nergy stocks down with it. there is one name some traders see as a bargain. >>> plus, more tradings are soaring in both the nba finals and the stanley cup. we'll give you the names. later, stop strategists at