etsy didn't skip a beat. it got stronger. the stock exploded higher up nearly $3 and rolled out free shipping above $35 what about the chart collins points out etsy has been stuck in a rut you can see that doing nothingment tnothing. the stock is up for than 40% for the year thanks to a monster move in the month of february and collins thinks it's been digesting the gains and consolidating, you have to think about this consolidation as a coiled spring, which is how you get the magnificent rally you have today on little news. after the stock caught fire, etsy stuck in the same pattern called an ascending triangle formation. the floor supported around 61. the resistance in 70s and the base we've already seen several tests of both the floor and ceiling and at the moment, etsy is right smack in the middle after that big $3 run you know i hate to chase stocks that have run but when you zoom in on the chart, collins really likes what he sees in the oscillator down to the bottom. all right? that's an important momentum that tells yo

the stock hit a 52-week high should i buy or hold >> etsy is a good stock and great long-term situation. i don't want to be knit picking. you know what i say, buy some now and if it comes in, buy some later. this is a good level to get started. i agree. paul in virginia, paul call j >> caller: jim, how are you doing, boo-yah >> what's up >> caller: my son and i just started buying stocks recently and wish i started a long time ago. >> never too late. >> caller: we were looking at some crowd strike. my son told me i should have bought that a few weeks ago and i wish i would have but anyway, i bought some chairs and it was doing good and kind of took a dive so i bought more. i'm hoping i'm doing the right thing. >> you want to leave room. don't get aggressive here. we're in a nasdaq sell off that includes that z scale or down, cramer family fav down these are all traded together. got to leave some room, particularly with octa. >>> okay, the charge tells an encouraging story with tech. brodin likes amazon and alphabet for now. much more "mad money" ahead. i'm sitting down with the ceo to f

amazon was competing directly with etsy. and you know what, they are still doing just fine. one area that has popped out for amazon anti-trustwise is again that third party retailing platform there have been some complaints that amazon has a lot of data about what customer demand is for those third party goods. can then use that against its competition that might be an angle that the feds choose to pursue but we haven't even talked about cloud, kelly you know, amazon has not really tied the retail and cloud businesses closely together. that's often a way that regulators go against companies for anti-trust but it doesn't appear to be one necessarily that's right for amazon >> and just yesterday this announcement, we covered on the show about how they're going to partner with the coldwell banker parent company realigy to get their products into your home. then there's the doj probe but with facebook there's also the ftc slapping a record $5 billion fine on the tech company today over its privacy practices. that settlement includes provisions that aim to create independence fro

. >> >> reporter: folks behind the etsy and diy station say they plan to be here to the end of september. that could change depending upon the success of this friday farmers market. in san francisco, melissa caen, kpix 5. >>> festivals and marijuana go hand in hand in san francisco, but they've always been outside the law. now, outside lands could make it legal. >>> and, high drama on the high seas. drug runners dumping the goods overboard with the coast guard in hot pursuit. >>> talk about making an entrance. the oakland raider who should up to training camp in a hot air balloon. there are moments in life that leave a lasting impression. like the feeling of movement as a new journey begins, or the sight of soft fur, warmed by the morning sun. you might remember new flavours, these are the memories althat stay with you, long after the moments have passed. ♪ ♪ ♪ the next american chinese original is here. new sichuan hot chicken. for a heart breaking limited time only at panda express. >>> new at 6, there could be something different on the menu at this year's outside lands. joe vazquez i

above the last record after the break, an upgrade in the home builder space and a bullish note on etsy we'll get the word on the street on today's biggest analyst calls next. >> and later, semistocks are higher on the back of easing huawei restrictions. we'll discuss the chip bump and how long it could last with the former cyprus semiconductor ceo t.j. rodgers >>> we're back to the closing bell time to get the word on the street needham initiating coverage of etsy with a buy rating and $75 price target the firm says etsy has the right drivers to continue growth and capture new buyers guggenheim raising price target on discovery saying advertising revenue appears more resilient with strong pricing and maintains its neutral rating on that stock >> and btig upgrading kb home to neutral from sell. strong guidance. and, lindsey this comes on the heels of a flurry of earlier upgrades from other analysts last week. a little late to the party >> i think it is upgrades to neutral. so from sell, so i think we were part of that, cfra we upgraded from -- at $23 after they reported these solid earn

etsy is making the point that there is less room to cut provisions. we are so late in the cycle. already has been a buildup in terms of the leverage ratios. there should not be opportunity there. of the did see measures spread, had pretty significant steepening this week. start to see that pick up, and i'm not going to draw an extrapolation from five days of data, will that continue the steeper yield curve is obviously good for financials. why is it happening echo why is the yield curve steepen -- steepening echo also, what happens with rate cuts in terms of being able to stimulate activity. not to say we expect a doomsday scenario. it's just the fact that when we have this huge net interest if that tailwind goes away, the credit cycle will turn at some point. we are at unsustainably low levels. we will get some pickup. that is the only possibility for a real negative surprise. if we got any pickup that people started worrying about on the credit side. romaine: they telegraphed we are expecting drops on trading revenue. it seems to come up every quarter, despite the fact that sto

so-called etsy ross sneakers.l: worldwide shipments of personal computers rose 1.5% in the second quarter, lifted by businesses upgrading to the latest software from microsoft. trade war, ongoing shipping 16% more pc's. more to come, this is bloomberg. ♪ xfinity mobile is a wireless network designed to save you money. whether you use your phone to get fit or to find the perfect gift, you'll use less data with a network that automatically connects to millions of wifi hotspots and the best lte everywhere else. so you save hundreds of dollars a year on your wireless bill. xfinity mobile has the best network. best devices. best value. simple. easy. awesome. click, call or visit a store today. a.m. on a disturbingly warm winter's morning in sydney. by 0.4%currently weaker despite a higher close on u.s. equity markets. it was only the nasdaq that closed lower. i am paul allen in sydney. a veryi am shery ahn in warm new york as well. it is 6:30 here. you are watching daybreak australia. let's get first word news. >> pres

reasonable evaluation roughly seven times sales expensive but 49% growth rate kind of reminds me of etsy worth a pull back of $22.50 for less i say be patient but i understand if you want to pull the trigger, why because it's a really good company. bottom line with many of these recent ipos, you feel like an idiot for being disciplined. yes, i feel like an idiot when it comes to zoom or beyond me. that is meant if you're willing to forget or forgive traditional met tricks i'm not. i know it's frustrating. maybe you'll never get a buyout pull back but you need to realize sooner or later there will be a correction in the class of 2019 and when that happens, i want you to keep your composure. focus on your favorite names and be selective so you can view the sale off as a buying opportunity, not a calamity. robert >> caller: my question is about tufin software i got it at 22 good revenues but leaves its money and i want to know if it's time to take profits or buy more. >> it's got every buzz and got clouds and fire wall and migration and it's a hot stock and it's a stock that is losing a lot

. >> jimmy: have you ever been on etsy, the website?s a craft website where people make things and then they sell them. and a lot of the things they make are about you. you're on like 5,000 products. none of which you're profiting from, i'm sure. and these are real things. these are not things we made up as a joke. like this is, i don't know what's happening here, but you seem to be on an all bernie volleyball team, playing with the moon. there's a, i guess people are kind of tickled at the idea of you and beto running together. there's a back to the future parody with the two of you. this is a good one. this is a birdie sanders, i guess. you've probably stheeen that lo about. >> you know what that's about. that's about a bird that landed on a podium. i think we were in portland. and just out of nowhere this little bird lands on the podium and sits there. some people think it's a spiritual thing, a heavenly. >> jimmy: speaking of spiritual things there's a candle that's saint, although they should have gone with st. bernard. i don't kno

you don't have to go to e bay or someone carves them out of plastic on etsy or something like that? >> jimmy: they're almost as functional as a regular flip phone. we're going to take a break. when we come back -- oh, no, you know what? we're going to talk about the season finale. "big little lies" on hbo. shailene woodley is here with us. we'll be right back. >> dicky: portions of "jimmy kimmel live" are brought to you by amazon's prime day. for the best in shopping, savings, and entertainment visit amazon.com/primeday on july 15th and 16th. about him? let's do it. [ sniffing ] come on. this summer, add a new member to the family. hurry into the mercedes-benz summer event today for exceptional offers. lease the glc 300 suv for just $419 a month at the mercedes-benz summer event. going on now. no! wait! ugh, sorry! it's ok! [laughs - out of breath] oh! you got a fast one there just can't get him to slow down this class will help with that we get it... you got it! we're petsmart! [ cheers and applause ] >> jimmy: we're back with shailene woodley. she is on "big little lies," which is

the margin isn't to worry about anyway this could end up being like amazon's attempt to move in on etsy in the hand-made goods market where the smaller more specialized player triumphed without breaking a sweat we know that when elliott management, the high profile activist pushed ebay's management for change, they sited the real real as a company that was thriving because ebay had taken its eye off the ball i agree. i said the same thing to morning to david when we talked about this they made peace, you have to wonder if ebay will be a focused competitor certainly possible it's a good company. the other big concern, the real real ceo julie wainwright, ceo of pets.com which of course has become the poster child of the excesses of.com bubble cheap shot to talk about it but i did bring it up. business models aren't really comparable and wainwright built the real real into a formable outfit but i couldn't do my job if i didn't mention it and people would say he's glossing over that. i think she's good we have an intriguing growth story. if the company keeps growing, a general assumption, t

but to me, etsy ross was a symbol of what women could do. >> jesse: i used to live next to the betsy philadelphia on second street. parents would bring their young daughters there, little flag. so they need to apologize to betsy because she's a feminist icon. there is nothing racist about it. if you look at obama's inauguration, they had a huge betsy ross flag flying right behind the first black president. so kaepernick doesn't know what he's talking about. he hates america, he hates the anthem, ease the flag, and he's literally tearing up the fabric of our country. i agree, it was a flawed founding. okay? but we are all flawed. to me especially. and we all define ourselves by our flaws, we grow and celebrate ourselves. he doesn't even want to celebrate america. he will not defend himself. notice, he did this whole thing, he bailed out of the nfl. he doesn't do interviews. he never faces the music and expresses himself. he sits back and texts the nike exacts, and they -- ends up alienating everybody on the eve of july 4th. >> melissa: it's working for him, though. >> lisa: his whole

both missiles splashed down etsy to the east. first missile test since the month of may. rich edson is there, he's live in washington. also the first since president trump met with the dictator kim jong un last month. >> all happening while the trump administration of trying to restart negotiations on north koreans north koreans weapons program. the state department says it's urging north korea to avoid any escalation in the region. >> we continue to urge the north koreans to resolve all the things the president and chairman kim have talked about through diplomacy. we urge no more provocations and that all parties should abide by our obligations under u.n. security resolutions. >> national security visor john bolton was also in the region meeting in south korea. north korea has criticized him and secretary of state mike pompeo, demanded the united states change its negotiation position, and offer north korea sanctions relief. the u.s. has said sanctions will remain until north korea dismantles its weapons programs. last month, pr

> wardrobe service, they actually launched a year ago this is a modification to it they went after etsyazon has been trying to crack into fashion in a more meaningful way for some time now and definitely one to watch and once again you're seeing the knee jerk on stitch fix like other industries. >> and finally apple, see what kind of attention amg and amgen and celgene get. >> apple is a big one. >> iphone sales down 13% more. less, going to trade around that >> all right and then buckle up for a fed decision tomorrow and let get to the judge. >> carl, thanks. i'm scott wapner front and center the fed and real a rate cut all but certain this week the big question will it send stocks surging in the months ahead? it's 12:00 noon. this is the halftime report. >> the fed on the vernal of cutting rates for the first time in about a decade. the markets divided on whether it's even needed, and goldman making a big call on the record rally ahead of it. apple earnings after the bell. the street split over its fastest growing business china sales a question mark, too. under armour having

certainly have people operating marketplaces beyond amazon who is the biggest one etsy, for example offeringey on the revenue side it's up to their ecommerce third-party operate orto figure out how to make money. other people giving services like google or amazon itself but like advertising or technology to the combatants. people like microsoft or apple technology to this great war they can win plenty of people can win every time when the department store numbers come out people go oh, my gosh retail is in trouble. retail is not terrible but you need a business model for the future not one of the past >> great to get your thoughts. thanks for joining us on this 25th birthday of the company >>> still ahead, presidential hopeful beto o'rourke gives more details of his so-called war tax to help veterans that's coming up next. >> and coming up on "fast money" stocks are near record highs but carter worth says there's one name sitting out on the rally outo break out catch that at the top of the next hour. more "closing bell" still ahead. your daily dashboard from fidelity. a visual snapshot of yo

etsy, online, don't have a lot of brick and mortars, you can expand your audience, then you're doingut it is a pretty small group maybe a dozen, maybe 15 to 18, exceptionally outperforming, risk of retail, brick and mortars having a tough time of it back to you. >> thank you very much, bob. to the bond pits check in with rick santelli in chicago. good morning, rick. >> good morning, carl. rates are kicking up just a little bit couple of basis points on pretty much all maturities. let's call it a parallel shift up two basis points. i wish i could tell you it was because of the budget deal don't you all find it so charming that we find such compromise when both sides want to spend more money. one week of 10s, you can clearly see we have come down and we are going sideways really, if you wanted to see some bolder action, we need to close above 214 on the yield or close below 195 on the yield probably we're going to test the upper end of that range. look at one week of bunds. there is a bit of a difference here if the last chart was a ski slope, kind of go down and slow down would be gai

ebay, etsy, they make money. and amazon themselves. >> kathy, you worked with pvh a lot.se are global brands selling around the world they have diversified. they focused on their own end use customer and their own reinventions and self-disruption. so they are not going away anytime soon these are gloebal brands look at ralph lauren or levi's or pvh's business in china and other places around the world. >> three names that got cut to sell today at goldman. >> they are doing great. they are class acts. apparel is crashing globally the prices are depressed they set a low threshold unit sales are down but dollar sales are the most troubled class of any consumer good for long time new and nothing will change that. >> kathy, what about the la landscape for m&a in retail? we talked about the ipos, even a chewy. what about deals any of that going on >> it's interesting. we are in a period in 2018 where the deals are significantly less maybe there have been 100 deals of any size year to date this year that was 150 last year we are not seeing any mega deals, the ilks of walmart, st

you know macardio leibre was the number one performer there is web-based is away from amazon i like etsy shopify shopify is a winner here. >> shopify is the -- they're the broad provider of -- >> anybody who wants to start a business, empowerment, empowerment. that is -- sustainability, this is summer sustainability empowerment, these are things that the millennials create. so it is another millennial stock. and they, by the way, they like -- they like to buy secondhand >> they do >> they love secondhand coach bags and stuff i don't know david, i am deeper into worldwide millennials now. they're throwbacks >> worldwide traveling the globe and meeting them in different places >> yes, they're also, david, i'm not going to stop here on this beyond meat. >> what about it it is only up 542% since the ipo. got a problem with that? >> impossible is -- continental grain. >> yeah. >> nobody cares that they're one of the largest private companies. because there is room. everywhere i go, people want to talk about beyond meat >> really? everywhere you go? >> except for this daria i went to in italy,

. >>> etig upgraiding etsy to buy, $79 price target there, citing increased intrinsic value based onine retailer's free shipping initiative and acquisition of instrument company reverb and positive trends among other reasons bernstein out with a note -- does an antitrust attack on big tech help retailers? let's bring in the analyst behind that note in a "word on the street" cameo with brandon fletcher of bernstein. brandon, do you actually think that antitrust scrutiny of a company like amazon will improve share price performance for retailers? >> yeah, i think it takes a while for you to get the changes we're looking for, but once a large company gets in the crosshairs of regulators, and frankly, just competitors deciding that there are no holds barred and they need to come after their competitor in any way, it gets very difficult. i spent the bulk of my career at walmart, and we used to have 10,000 lawsuits a year, and it makes it hard to operate when you face incredible scrutiny and i think that phase is coming for amazon soon. >> do you think there are serious grounds to hit amaz

some are, but not enough you're going to tell me about etsy and others. >> when you say nobody is going office there. who is going is founders i think one of the things that is a huge opportunity for us, we don't have major tech hubs we have vast access to talent and capital. this is happening here we don't have a big west coast name in the outer boroughs, doesn't mean we need it to happen right now it's a high-cost place to be the software engineering talent or the schools or whatever here, it seems like the start-up culture in tech, with financial, things like that is that the lane that new york continues to travel in what can be done to beef up the depth of the resources >> we've seen in our firm, start-up proposals from all sorts of industries. do your point, every stay has natural strengths. if i were to bet on strengths, i would bet on new york. as you pointed out, you can list five or six or seven or ten strengths off of the bat this is a great place to start off a business we're seeing that play out >> what about the tax picture? >> we have high taxes. >> and the salt issue make