. >> caller: my question is on autozone, after reaching a high of 819 in december, autozone has beena downward spiral, first with the news of amazon getting into auto parts, and then low earnings, followed by march auto sales, now it's currently trading at about 300. >> i have liked autozone, the whole time i've been doing this show because they had that big buy back. i thought that amazon news was over and done. i think it's found a home at the 700 level. i think you' ee're okay to buy . obviously you don't want to buy it all at once. so snitch a little here and then buy some later. >>> listen up, we might be entering a wave of new ip ourkss, that could be an opportunity. i would wait and see how the economy and trade policies shake out before making a decision. wow, that guy is good, huh? maybe it's me and i don't even know it. much more "mad money" ahead. one thing that gege -- and tick master stocks are moving higher, but the reason why is not because of the shiny new gadgets. and rapid fire, tonight's edition of "the lightning round" and a look back at the week that was. stick w

and extends to o'reilly autozone's of the world. when we look at these stocks, we see o'reilly automotive down 5%, autozone down 3%, effort -- after cleveland research cut ratings on both stocks sank him the do-it-yourself trends are weakening. brightness here for cars except for tesla, amazing, julia as he pointed out that it has overtaken ford. julie: it's amazing giving the relative size of those two companies. let's take imagery of the retail sector, number one ranked investor jason says, he is betting that the struggle among retailers is here to stay. in an interview with bloomberg earlier, they said they do not miss -- they did not mince words. >> retail is a mess to say the least. few, these00 foot retailers have had a declining top line for a number of years. this is not a cyclical issue. good,onomy has been consumer sentiment is good, unemployment is coming down, oil prices are low. this is a secular issue, a forever trend. if you think about how things will look 10, 20 years from now, our parents will be dead, our kids we

so, aap has been bad, carmax has had trouble, great winners like autozone, meaning there is something going on and the notion of cheaper expense. we saw this trade at 2% -- >> and you definitely want to use options to make a short, though. looking at stocks trading about four times free cash flow or six times forward earnings. this is one of those situations where you could, just based on those cheap valuations, get some kind of a spike. but obviously, the long-term story isn't a very good one. >> for everything "options action," check out optionsaction.cnbc.com and check out our super-cool newsletter. more than 100,000 of you have signed up so far, so what are you waiting for? here's what's coming up next. ♪ lettuce, cheese, pickles, onions on a sesame seed bun ♪ >> say that again! >> we're not going to do that, but we will show you how to buy shares of mcdonald's for less than the cost of a big mac. >>> plus, calling all "options action" fans. reach into your pocket, grab your phone, and tweet us your question @optionsaction. if it's nice, we'll answer it on air, when "options actio

autozone, there's one that's always been a buyer on weakness. it shrinks the float and it also has worked if you take a look at the long-term chart for azo. buy backs by themselves are no reason to buy a stock, and in some cases are actually reason to sell it. no company is wasting money it needs to survive on buy backs, or spending money it doesn't even have has proven fruitless. and you shouldn't rely on even the largest buy back to help prop up a stock if the situation is dire. the way i see it, these are false signs of health and too often just a darn waste of shareholders money. "mad money" is back after this. >>> now after a selloff, in order for stocks to reverse and move higher, they need to have fuel. the fuel necessary for a rally and what that fuel, what is it? it's cash. sometimes fuel comes from retail investors who are taking money off the sidelines and putting it back in the market. with hedge funds desperate to own stocks rather than shorting them, then you're in the 1,000 bull dances. you don't need me for certain, that's when e

. >> autozone ceo taking a swipe at tesla saying it's value is inexplicable. either one of the greatest ponzi schemes or working out for investors. tesla overtook gm as the largest automaker in the united states. bob, i know where you stand on tesla. >> i am a well-known tesla skeptic. >> it keeps defying expectations. >> sometimes it is levitating. elon musk is the greatest salesman in the world. he paints this vision of an unlimited future aided and abetted by some analysts. it is like elon musk has been beamed down from another planet to show us mortals how to run a company. the fact is, it is a constant cash frame. they are highly dependant on federal, government, and state incentives for money, which constantly flows in. they have capital raises all the time. even the high-end cars that they build now cost more to build than they are able to sell them for. mercedes, bmw, volkswagen, gm, audy and portia are all coming out with 300 mile electric luxury sedans. i think they are doomed unless somehow the laws that you have to have more money coming in than go

o'reilly automotive and autozone getting downgraded.ke a look at the government bond market. starting the new quarter with lower yields. the u.s. 10 year yields down to 3.24. it had been lower in the earlier part of the day. once again heading down to the low part of the range we talk about, right around 2.3. same story in europe, german two-year going into negative territory. the ecb is not going to be in any hurry to remove this existing state of accommodation. scarlet: let's start with the south african rand. s&p reducing south africa's credit rating with a negative outlook and warned that a further downgrades may occur as well. the local currency rating was also cut. the dollars increase in value versus the rand. has given that all of its advance. and by the way it is now lost ground for six straight days along with losing streaks since august. the british pound fell as much percent.s of one just over 50 which it shows expansion that it does reset expectations a little bit because we have services pmi and industrial output data comi

look at autozone, look at orally, look at -- orly, o'reilly, look at advanced auto, jeff smith, starboardyeah. >> look at all of the read through. maybe that whole initiative that amazon was going to come in and bust up this business is wrong. maybe the fact that autos are maybe at peak, that's why the sirius satellite was downgraded maybe that's the wrong call. this is a remarkable company that doesn't get enough credit. they'll get credit today and the read through to auto parts was a very big business and it will be very strong. watch genuine parts it does matter. >> good tell. >> thank you. >> what's tonight, jim? >> i mentioned recently that i had the fastest growing company robotics. now, can they outdo -- you know, isrg, intuitive research, it's hard to outdo that company. but this company could be the son isrg i look forward to speaking to them. it's good to be back. it was fabulous to see -- whenever you see your kid, you know, in an environment -- wow. you come back on a high what can i say? >> it was nice you had a vacation, please don't do it again. >> i told my wife, i'm done

let's bring in the public policy strategist at morgan stanley and the former ceo of office depot and autozonethe question are are these meetings for the variety of things on the trump agenda. gentlemen, michael, let me start with you, we were musing in the last hour that it seems like maybe, just maybe, there are too many balls in the air in terms of mr. trump's domestic agenda and that he hasn't focused and concentrated. he tried to focus on health care reform and it didn't go very well. would he benefit from more focus on discipline and prioritizing? >> it couldn't hurt but the larger problem when you're talking about the major initiatives he talked about in today's meeting, whether it be renegotiating nafta or softening dodd/frank or tax reform is that these are processes that just take a lot of time, they're very complicated and i don't know if there's any degree of focus that can speed up the process to give a tax reform in particular where the affordable care act process laid bare the fact that there are meaningful decisions on key issues within the republican party. someone like chairm

autozone. >> o'reilly. >> o'reilly.eah, i feel what people have to recognize is this industry has been uniquely singled out as peak auto. it may not be the case. we thought we had peak airlines and it turned out there was better than expected. you can always get a revival but you know look it's one tough industry. a lot has to do with the idea that you didn't -- people don't get licenses until 25. and i know uber has some pr person, the pr person is gone. but uber and lyft have changed habits. >> now kkr taking a stake in lyft. we'll talk more about that and some of uber's executive departures when we come back, we'll get more on the united fallout. also, ahead, the head of the world trade organization on president trump and the new state of global trade. look at the premarket. the s&p tech sector is down in eight straight days. that's the longest since november. we'll be back. we'll be back. this is the new new york. we are building new airports all across the state. new roads and bridges. new mass transit. new busines

carmax, autozone. >> and there were positive notes and there were bad things said about the auto parts carmax, wow. being assassinated there. that's remember new and used. auto sales has a big buy back. i would not sell that down here. they come in at 10:00. they start buying you're going to look a little dumb if you keep selling. >> all right. dow is up 17. let's get over to bob pisani on the floor. >> good morning. happy monday. happy first trading day of april. 2 to 1 advancing declining stocks. nice open here. look at the sectors it often happens in first day of the new quarters, the losers are the winners and winners are the losers. so we had trouble with banks stocks and it started to the upside. energy started to the up yside. and tech was the big winner. some stocks for sale but it's moved to the positive area. industrials moving sideways for a little while now. start of the second quarter i described the market last week as a solid hold. why? the last three weeks of march kind of sideways action. kind of choppy and there wasn't a lot of buying interest. not a lot of buying int

o'reillys, the autozones.le the roads what i be crumbling -- may be crumbling, they were not crumbling from snow so keep that in mind. >> i want to mention this at&t deal for a company that neither jim or i had ever heard of. straight path is the name of the company. the reason why by the way it's because they -- i think they were one of these companies that was formed that bought a bunch of stock. oh, look, it's howard jonas, oh, man. remember him? >> itt -- howard -- a visionary? >> he's still around, wow. but look at the premium. yeah. there you get it. $95.63 for a stock trading in the 30s. but interestingly straight path, they own a lot of spectrum, they have ramifications for large owners of spectrum such as dish or sprint. remember which owned a lot of spectrum. in this case we're talking about both the 28 gigahertz band, and the 39 gigahertz band. the company was given 12 months to sell the spectrum, why? because they weren't building it out. remember when you buy spectrum from the government at one of