thanks for coming up, talking up alexion and regeneron.ounds like something out of "battlestar galactica." >>> up next, are restaurant stocks overpicked? and a bankruptcy judge in detroit essentially saying today that the bankruptcy can go on without challenges from creditors such as pension funds in that grace period. it's a, quote, win for anyone. >> what's going up later? >> noted analyst mayor think whitney will tell us how the aftershocks are affect iing and barrage of earnings after the bell highlighted by facebook and as per usual the numbers and instant analysis coming up. maria and i are back together. look forward to see you back at the top of the hour right after more "street signs" comes your way. stay tuned right after this. this summer was definitely worth the wait. ♪ summer's best event from cadillac. let summer try and pass you by. lease this all-new cadillac ats for around $299 per month or purchase for 0% apr for 60 months. come in now for the best offers of the model year. the world is changing faster than ever, creating

alexion soared again today on reports it hired goldman sachs to consider from roast far suit kills. they specialized in orphan drugs, treatments for rare diseases. alexion closed at $117.08. >>> investors bid up shares awaiting after the bell earns and awarded with a strong quarterly performance. revenues increased 5%, profits well above analysts estimates. they concentrate on cancer treatments but makes drugs to treat other conditions, as well. volume was heavier than normal. they gained more than 1.5% to close at $111.20 a share. >>> facebook closed in on the ipo price of $38 a share, not seen since may of 2012 as investors rekindled interest in social media following last week's breakthrough earnings report. shares jumped more than 6% to close at 37.63, just 37 cent ps away from the ipo price. volume was more than 1.5 times the usual base. >>> merk, pfizer has the same patent loss problems but profits jumped as it sold assets. investors traded at above average volumes. at day's end merck 48.05 and pfizer had $29.67. >>> buffalo wild wings is confident it will achieve 17% profit g

don't forget this alexion. it would be a huge mumt pell, but i do like alexion as a company. like i said, always try to find it. i'm jim cramer and i will see you monday. >>> they're often and running. the bulls running in spain and here on wall street as well. >> highly monetary policy for the foreseeable future is what's needed in the u.s. economy. >> investors can thank mr. bernanke, so can we. otherwise stacking up as a boring news day turned into anything but. the dow add 15,440, if the dow were to close here, the highest close in the history of the dow. [ closing bell ] >> on wall street the dow and s&p 500 close at a new all-time high. >> the dow is finishing positive. look at record close, perhaps for the dow and t

don't forget this alexion. i don't know if it's true because it would be a huge mumt pell, but i do like alexion as a company. like i said, always try to find it. i'm jim cramer and i will see you monday. happy july 4th weekend. let's celebrate with a "red, white, & blue best calls you've never heard." >> my husband has been using my credit to buy high-end cars. >> he forged your signature... >> yes. >> ...and then he bought a corvette, really? now, just maybe he wants to have a joint account so he can watch you and make sure that you don't spend more money than you should be spending. is that, by any chance, any reason why you don't want a joint account with him? >> yes. >> oh, now we get to the truth. and you ask me, "can i afford it?" >> she's in gymnastics now, and they'd like her to go more hours a week.

don't forget this alexion. it would be a huge mumt pell, but i do like alexion as a company. like i said, always try to find it. i'm jim cramer and i will see you monday. >> monster robots. monster welds. >> the weld joints for this truck are stronger than the casting. >> a river of metal. a backbone of steel. >> it's pretty awe-inspiring to be working on something that's this large. >> it's a groundbreaking design on a groundbreaking scale. >> even though we build them tough, they get used tough. >> a mining marvel manufactured at the ultimate factories of caterpillar.

alexion set to tap goldman as an adviser.ture, according to bloomberg news. the stock up 9% on heavy volume. brian, back to you. >> josh lipton, thanks very much. >> let's also talk now about something else that's out. home prices. they have been soaring, but not everywhere. the case shiller report says home prices in may rose the most since 2006. san francisco led the price and the home price surging an incredible 24.5%. that's a market that your next guest knows a lot about. joining us is ken rosen and paul hickey here with the spoke investment group. san fran is your home. what the heck is going on with home prices? >> extremely strong job growth. the top five in the country because of the whole social media area and there's been a shortage of inventory. between 17 days in the east bay and 30 days in san jose and a shortage of listings. and so people are bidding up prices. interest rates very low. they have come up some but people rushing to buy. >> how much does this have to do with nasdaq and google at all-time highs. do

. >> watching alexion pharmaceutical, the stock was halted, just resumed trading. can you see that spike there in the chart. the news bloomberg is saying roche is seeking financing for a possible alexion takeover bid. roche could offer 130 a share, that stock up 23%. >> another stock featured a couple of time on our under the radar stocks on street talk. >> last year filled with big drama for yahoo!'s marisa mayer, but you're about to see why none of it matters. >> and sharknado, can't get enough behind this. the man behind the best/worst movie we've ever seen. some of you have already have. tweet us. we love reading your thoughts. you can also check us out on facebook, or you can e-mail us@streetsigns.cnbc.come. >>> well, if the pc is not doomed, it's at least fighting to survive. sales of purge computers, am i supposed to be offended by that? >> we could have done a freaky friday where i'm going to do my mouth and you're going to do the talking. >> another threat is emerging. the so-called chrome book, web-based laptops that lack an operating system. mark, i mean

not the case for alexion and vertex.isorders and vertex treats hepatitis c so they are still in the sort of rare disorders biopharmaceutical space and both up just shy of 5% on the news. >> thanks very much. turning our attention to europe, i am sorry, to egypt where hundreds of thousands of protesters remain in the streets of cairo demanding the increase ignition of mohamed morsi. youssef is in cairo. it is good to see you. can you give us context for the statement we just got from the military. are they threatening something? >> absolutely, kelly. a dramatic development over the last two hours or so with this statement from the armed forces, the military, saying they have given the political powers one week to sort out their differences and they have failed to quote, unquote, meet the demands of the people. now the military is saying they will extend that by 48 hours. if that doesn't work, they will put forward a road map. short of clarifying what that really meant. this of course really brings in a completely differen

i'm calling regarding alexion, alxn. i bought it at 112. it's been up and down since.'m trying to decide between staying strong or going for greener pastures. what's the best way to play this? >> we like this one. autoimmune and cardiovascular. a lot of people think it's too big to be taken over because it's almost $20 billion. i think it's a great company and you should own it. let's go to louisiana. justin in louisiana. justin? >> caller: jim, a big boo-yah from the crescent city, new orleans. >> i'll be down there soon enough. what's happening? >> caller: nothing much, man. feel free to stop by the house, get a cocktail. my question is on globus medical. with their r and d focused on the spine, the likes of metronics and striker, having more diversification of my portfolio. >> i like the situation. i would not sell it. i'm tempted to buy it on any weakness. john in texas. >> caller: greetings from the lone star state. it's a balmy 83 degrees and dry. no humidity. i'm looking at buying 100 shares of regeneron as my pharma stock in a diversified portfolio. is now a go

i don't know if it's true because it would be a huge mumt pell, but i do like alexion as a company. like i said, always try to find it. i'm jim cramer and i will see you monday. >>> they're often and running. the bulls running in spain and here on wall street as well. >> highly monetary policy for the foreseeable future is what's needed in the u.s. economy. >> investors can thank mr. bernanke, so can we. otherwise stacking up as a boring news day turned into anything but. the dow add 15,440, if the dow were to close here, the highest close in the history of the dow. [ closing bell ] >> on wall street the dow and s&p 500 close at a new all-time high. >> the dow is finishing positive. look at record close, perhaps for the dow and the s&p, 13-year high for the nasdaq. >> the dow jones industrial, at an all-time high. 16,451, where the index is is closing. uncharted territory. >>> ah, the sights and sounds of what turned out to be a historic and exciting week for wall street and right on cue we end the week with new all-time closing highs for the dow and the s&p 500. welcome to a specia

another winner, alexion with some positive data on one of its drugs. it was granted orphan status and also big tech as well on the move. apple today up 3.5%. reports say it has filed for an iwatch patent. watch that. google recently seemed to be interested in perhaps having one of those dick tracy watches as well. sue? >> can't wait for that. thanks, bertha, very much. >>> a rebound in the gold market today. a reprieve, if yill, for the bulls. sharon epperson is tracking commodities action over at the nymex. hey, sharon. >> bulls should be very happy, though there's still an overall bearish sentiment to the gold market. we have seen prices bounce today. many traders saying it's more on short covering after gold prices fell to the lowest level in n r nearly there years, below $30 and the fact that we're seeing a gain is something that the bulls are taking as a win in their couple for the session. continuing to watch as well what happens in the oil market because one of the factors that may be supporting both gold and oil are the protests in egypt, and t

shares, and trying to follow up, i cannot think of the bankers who would be employed by roche or alexionre aware of this and it does raise the question, where is it coming from and how likely to happen? again, we have mentioned the incredible multiple and not just earning, but revenues. >> i know, i know. >> but the enormity of the price of tag overall, and not that roche could do it, but unclear why they would go into the financialing market, because they are so big and so credit so well thought of, they can make a phone call and get the money you would think. >> we will see. >> but these are two well respected news sources on m&a, and i'm at a loss as are a lot of the bankers saying, if it is going on, we are not involved. >> and smart people in biotech industry saying, jim, you believe this thing? i say, no, i believe when two credible news organizations say they have the story, something is going on. but i agree with you, the people i trust on the biotech side and not the bankers, but, you are blowing smoke here, jim. there's nothing. wouldn't that be something if they were both wron

. >> and the alexion deal. >> reported by bloomberg, also reuters, confirming, very interesting, though people say, wow, what a multiple that would have to be. roche does not pay those numbers in terms of multiples to earnings and revenues. >> for an orphan. >> orphan drug you're paying $400,000 a year for, gets into other political -- >> right. it's not meant for that. >> -- battles. >> the not meant to make $1.5 billion. >> you know what? me hearing myself talk about m&a, i'm with you. there is a little bit going on. >> are you rolling your eyes on yourself? you've got mother/sister, mother/sister. >> chinatown. news from around the world. china gdp did slow to 7.5% on q2, down from 7.7 in q1. the figure for q2 was in line, matches chinese government's growth target for the year. and as i was saying to kelly, she was saying to me, goldiloc goldilocks, not too strong, enough to get policy. >> when we first got bottom in europe it was ho-hum. europe hasn't taken off. but you did get a bottom. i felt the number was like, wow, that's terrible. no, the aussie dollar went up around early mo