and then andrew citron's report hits. >> i'm looking forward 20 that. "closing bell" is over. "fast money" begins now. >> "fast money" starts right now. live from the nasdaq market site overlooking new york city's times square, i'm melissa lee. your traders are pete najarian, brian kelly, carter worth timothy seymour. the short seller who called the decline in valiant is charting the hottest stock in the s&p. nvidia. the man behind the big call andrew left will be here to tell us why the huge run in this stock is over. >>> plus apple's ceo tim cook making a surprise visit to the new york stock exchange today. we'll hear his comment about why he is calling it a great holiday for am. >>> and we're waiting for president-elect trump to make an economic development. he sat mar-a-lago, his resort in palm beach, florida. you're looking at a live shot where he is expected to make some remarks about the economy, an announcement that could benefit the american worker. we will bring them to you as soon as we get them. we start twauf markets in an unfamiliar color, red. there was a lot of

in 2017, citron sees this stock heading back to 90 bucks.y the way, declined to comment on that report. guys, back to you. >> thanks so much, josh, for that. ed venky, the stock reversed course on that citron tweet, as josh just mentioned. we have so many people coming on and saying invest in the semis because they can only go up from here, they're value stocks. but the sector as a whole, when you look at the s&p subgroup, most of them are up 20%-plus this year alone. >> i think the big "x" factor, what's hard is a lot of the front suppliers, whether it's apple or amazon for that matter, they tend to switch out on the back end just to diversify their supply dhan. they don't want to be beholden to one supplier versus another. that's a part of it. and nvidia, their processors are well regarded and can be applied to a lot of this data science we were talking about, so i think that's a big up side for them. but the "x" factor is when will the frontline suppliers switch them out? >> venky, do you agree that there are some risks coming ahead for n

citron seized the stock, heading back down to $90.rom leaders to lagers, one of the worst performing tech stocks this year is sales force. ceo mark bayoff says the business software maker could reach $20 billion in annual revenue faster than any other enterprise software company. but investors haven't been impressed and the stock is down some 10% this year. in part, analysts say the street is worried that bayoff might make a big acquisition, given his flirtation with twitter earlier this year. >> for sales forces to start moving higher, i think it's pretty simple. they need to get back on message around growth plus margin expansion equals mid-20% cashflow growth. this is a strong fundamental company, they've got a lot of open ended opportunities from a growth perspective. you have to move away from a lot of the discussion about m & a. they're betting that causes of concern like aggressive deal making will now ease in the new year. he says the companies fourth quarter results expected in mid february could be pivotal in terms of liftin

andrew left by the way who is citron going to be on "fast money" tonight 5:25.our dvrs. >> and nvidia was up at the open, now dow. the dow was up at the open and it is fractionally down. we're moving away from 20k as we speak. we'll keep an eye on that throughout the rest of the show and what to expect for 2017. and some upbeat figures on retail spending in december. who benefit the most and who missed out coming up when "squawk on the street" returns. it's a shark! it's a cancer-fighting shk... thanks to st. judehildren's research hostal. at st. jude, no family ever pays for treatments, travel, housing or food... becausl a family shodworry aboug their child live. nna ay yes i do. gi thanks for the healthy kids in your life anddonate now at stjude.orgot. yes i do. or shop where you see the st. jude logo. why can't i be a shark? long your ir is un ] stop! livand one wants to be baldis. but there is hope. getting my hair back was the best thing that ever happened to me. i'm happy with the way i look n. i'm very excited abouty hair. i feel beautiful. love my hair [

. >>> express scripts saw its shares fall after citron research tweeted that the pharmacy benefit manager was the culprit behind drug price gouging. he suggested that president-elect trump may target the company when he takes office. expresses scripts fell 6% on the day to $70.75. >>> according to a report by the "south china morning post," china will impose atm withdrawal limits at atms in macao. starting saturday, account holders will only be able to take out 600 u.s. dollars. following the news, casinos were all sharply lower. >>> restoration hardware beat street targets, but the home furniture company give guidance for the holiday season that was sharply below estimates. shares were punished after hours, initially falling more than 15% after they have finished the regular session up more than 2% at $38.99. >>> forget the north pole. warehouses are holding a growing number of holiday gifts as shoppers move online and retailers ship more goods than ever before. that means big growth for the companies that own those properties. warehouse are called a hidden buy for investors looking to c

carter, remember this is a stock that citron said he was short. >> right, a good kauchlt think aboutalking about a stock in the last three days has traded 115 million shares on a total of 105 million outstanding. 20% of the flow has turned over. a great run. highly unlikely it is a big performer next year. i'm a seller. >> next tweet, ryan sutton wants to know does carter ryan have a voice coach to keep that smooth, silky baritone. >> that's funny. my friend used to say it was quite nasally. we'll see. thank you for that. anyway, smooth and silky. >> comes natural. time for the final call. carter, what do you say? >> i like catch up trade xlv. >> i like cell gene, buy call spread. >> in 2017 think about what is going to happen. the set is going to remove more volatility, suppression of volatility. watch it go higher in 2017. >> looks like our time has expired. i'm melissa lee. thank you for watching tonight, and following 2017. for more "options action" check out our website, and check out our daily segment "inside healt new year's happy 2017. >>> my mission is simple, to make you mo

>> that was andrew left of citron saying nvidia will go back to $90 a share.f course you can see the stock still about $14 ahead of that, but falling again today. is the run over for what was the best performer on the nasdaq 100? more "squawk on the street" right now -- right after this. whenrlpool builds an appliance, but cet's sold there ually isn't a way to keep iving that pr today, wrlol can analyze iot sensor data fr connectedpplians on the ibm cloud. so they can continuous learn how customerare using their prodts. and how the machines resnd. haessing da toak grgrt prodts bter - th's whathe ibm cloud is built for. haessing da toak we'rwhere, in all thi is the sff thamatters? haessing da toak we'ststes a shigh, thi your finances, your future. how do you solve thi you don' and, can deliver insight pern antoersofortun500, on what maers to y. morgan stanley >>> shares of nvidia, top performing sent lower by a tweet sent out by citron's andrew left yesterday. he joined "fast money" last night to explain. listen. >> there's still bottom risks to this business g

andrew left, founder and executive officer of citron research. of italy -- the decree law finalized for the monte dei paschi rescue. the bondholders will be affected by the decree. this after we broke the story that the ecb is not going to extend the lifeline that monte raiseschi wants to capital through this year. italy is finalizing its decree law for a passkey --paschi rescue. julie: breaking news on trump's personal choices. he has selected gary cohen as the director of the national economic council director. there is also a report that he will pick cathy mcmorris rodgers choice foron as his interior secretary. and he kicked off the day meeting house speaker paul ryan for joining us now, blue barks -- our bloomberg politics reporter. that healso the news could appoint ambassador to japan. of these appointment's, which one stands out to you? they all stand out in various ways. goldman sachs, gary cohen, one more goldman sachs employee invest -- executive to be on the truck transition team, now his cabinet. if that is true, that raises a lot of

citron tweeting they see it heading back down to 90 bucks a share in 2017.his is driving shares down. invidia declining to comment on that twoet. andrew left joining us tonight. let's bring in ramit shaw, with a buy rating on invidia. you've been resistant on the story for quite some time. your price target raised to 80 bucks a share november 14th and prior to that, $55. you missed the boat on this. why do you think invidia can't go higher from here? >> we upgraded the stock to a buy back in june when it was trading in the low 40s. it has run -- all the momentum in one direction. i think to your question, though, there is two answers. one is, yes, i think the stock at nearly 40 times next year's earnings is overvalued. but, two, you know, i wouldn't be selling it today in front of ces. there will be a lot of hype around artificial intelligence. typically investors tend to bid up stops like that into an event like ces. >> one of the points that andrew left at sit ron wcitron is the seller. that's one of the biggest lines of business. do you see that competiti

citron researchers will be on later to talk about nvidia. some hedge funds have recently cut their stakes in the bioforma. qualcomm down 65%. they have a refusal of licensing its ski technology to a rival and rival chip maker. >> i thought you said you went skiing in europe. you went to canada? >> something like that, yes. >> international woman of mystery. >> she is. susan lee. thank you. >>> 30 minutes left in the trading session. a little less than that with the dow down 103 points. >> the ibb is still down about 20 points this year. which stocks you might want to consider adding to your portfolio when we flip the calendar. stay with us. hthis badoy is a bile trading dk so that i can takey ading platform wherever i go. you know tt thinkorsm seamless s across so that i can takey adinalyour devices, rit?i go. oh, soy custom studies will go th me? anywhere you w wt to g synconly at td aritrade sdevice wh thinkom.me? >>> welcome back. the dow down 100 points right now. home builders are under pressure with the national association of realtors

yesterday's big performer losing glimmer today, graphics chipmaker, worse performer after short seller citron slammed the stock saying it is headed to 90 bucks next year. flipping over to a name posting blockbuster gains, take a look at, i love these guys, shares of kate spade jumping 22% after the "wall street journal" reported the hand bag and accessories maker is working with a bank to look at possible acquirors. kate spade may be up for sea. we shall see who the bidder will be. >>> let's bring in floor show. we've got traders in the new york stock exchange and the cme group. teddy weisberg here with me at the new york stock exchange. it's been a while. i thought you didn't like me, i guess you are back. light volume. i wonder if this is a sign with the resistance to 20,000, talking about a president coming in and having the president make the change as he promises, is there nervous balance president-elect trump? >> always nervousness when we change personalities, the market is on a tear since the election. perhaps it's a little geopolitical stuff today. who knows? we can give a little bac

i know that citron is talking about it could drop to 90. it could happen in a day.his is a high beta traders favorite name. however, that's good news if you believe in the longer term potential of the markets that it plays in and maybe take advantage if this thing gets below a ten handle. >> that's the best s&p stock year to date, up 231%. of the best dow stocks, caterpillar is up 38, united health up 37, goldman, 33, chevron, 31. jpm up 31. which is the best performer in 2017 do we think out of that group? >> united health followed by goldman. i think the exchanges are going away. >> i say jpmorgan. >> okay. >> i think cat will be the worst. the valuation there, way, way ahead of itself. >> josh, a thought? >> i would not be surprised to see jpmorgan heading to 100. >> okay. >> happy new year. >> happy new year, scott. >> thank you for watching. "power" starts now. >>> i'm melissa lee. here's what's on your final "power lunch" menu. russia retaliates about the may not be in the way you expected. we're live in moscow. inside the home of tomorrow today. we'll tell yo

and citron research's andrew left will be here to explain why he think there's a lot further to fall. first, breaking news the trump rally that will not quit. the dow and s&p making fresh records and the dow just 2% away from 20,000. and now tech is joining the party as a major force. sammy giving tech a boost, apple getting in on the action here. tim, what do you say? >> if this is about cycles, if you think about where people were encouraged and able to put money, mega cap, had some value and dividend story. it also had growth. we're waiting for the market to actually go higher. we needed to say financials are going to lead and industrials are going to lead. they're leading. positioning says to me, i think there are people that are just underweight the market, and i do think tech is a place to go. if you're going to be in tech, i think you have to go back to places where there is value. chasing the mega valuation names is a bit of a mistake. >> meaning google? >> i think a netflix. i've never liked netflix. i think of things like google which i do like the story. amazon at this poin

since then you've heard more negative comments from andrew left, citron, but -- mentioned it months agom assuming you are still short the name. if so, why? >> we are. it was one of the things the day after the election. you go through the portfolio. it was like trump never came out and said he liked high drug prices. in fact, said the opposite. right? i think the guys who elected him want the health care problem fixed. the pbm model is a structural problem that needs to be fixed. we've narrowed it down to two or three real providers. they use their monopoly power to create artificially high pricing because it allows them to get big rebates, which has allowed them to expand their margins and create a really profitable situation for themselves at the expense of the u.s. taxpayer and drug consumer. i think that trump may fix that. >> it's hard to sort of get a read on exactly where he stands on certain issues based on, you know, campaigner trump versus president-elect trump versus tweeter trump. >> yeah. >> and we've talked about this almost every day that, you know, health care and biotec

and yesterday short seller citron research said the stock is way ahead of where it should be.falling back to the $90 level. >>> senior housing property trust was rated overweight. favorable demographics and a leading position in the senior housing market bodes well for the investment trust. and defense contractor raytheon was awarded a new tomahawk missile contract by the u.s. navy. it's worth nearly $304 million. and alere is appealing a decision to revoke medicare privileges for ariva diabetes unit. they've been accused of submitting medicare claims for people who had already died. bad. >> yeah. pretty much. >> medicare. some of them apparently voted for hillary too. some of the same people. >> the dead people? >> i'm kidding. >> i know you are. >> maybe. what do we know? what do we know about that? >>> our guest host this hour, charles kantor, managing director of neuberger. let's say five years. are you a 25,000 person? that's like 3% a year. can we do something similar to the past where we haven't done the math on if that were to double. we're talking 35,000. are we too f

scripts continue the health care theme, the biggest loser in the nasdaq 100 as the short selling firm citron has issued a negative report. that analyst will be on fast money this afternoon at 5:00. it says it does everything it can to try to lower drug prices. >> thank you, bertha. meantime, the trump rally has been pushing energy higher. check out shares of continental resources up around 20% since the election. >> which puts a smile on our next guest. he joins us, founder, chairman and ceo, harold hamm who is getting ready to ring the closing bell to celebrate your company's 50th anniversary. i know it seems like just yesterday? >> not quite like yesterday. we are glad to be here on the floor of the exchange today. at this momentous occasion. ten years ago we became public and 50 years in business and it just seems so short. >> seems like yesterday is when we spoke at the rnc and to think that donald trump has now won. he is quickly assembling his team. what do you think of his slaekz for epa and what do you think he will bring to that agency? >> continues to pick awfully good candidate fo

tumbled 7% wednesday after citron research share says it should be at $90 a share.ded 2% and they're higher again this morning. >>> coming up, a perennial fan favorite. we're going to take a look back at the best and worst moments of "squawk box" if there were any bad moments. >> so cute. >> that's coming up right after the break. today, ahelping pele . i amelpingpilsale eatmts today, ahelping pele . ing biions of pnts. predict thehs and ls of dia hours in advanc today, ahelping pele . d i am working wh orreco use biomarker da boost e performance athlete heo, my name is waon woing together, can outtnk athin wanto pamore to ste returns. paying try heo, my name is waon i wa my tax software t char mat the last second. there isotng i cano th an extra $. id no one ever. fileour taxes for free with edit karmaax. ...bter than a manua and my gie. toothbrueaeans ...t.ty're notllhe same. tus out, they're rlly... ifreo knewhad ea. so, e said loofor... ...o that's shapa dent proith oralheaund... oral-b's rounded brh head surrnds each too t.. ...gtlmovemo plae ..raosioinrov. emo