well, looks like some headlines in the "the wall street journal" saying that facebook very close to filing an s-1 for an ipo. the headlines say morgan stanley close to winning facebook deal. so a roll in that that they could -- facebook could file ipo documents as soon as wednesday. they are of course coming up on that deadline based on the number of investors they have to disclose more financial information, but there's been questions about whether or not they would move ahead with an ipo, "the wall street journal" at least saying that could be happening as soon as the middle of next week. back to you. >> and probably coming between 75 and $100 billion. thank you, jon, very much. we'll have more on this on "power lunch" in just a short while. andrew, thank you for your patience. >> sure. >> we're back to you now. so this year dividends were one of the hot plays, the dividend yielding stocks last year. what's hot this year? >> look, again, as i said, i think the quality dividend stocks were the hot stocks last year. and they're very expensive relative to the market versus the value, the cyclical stocks, the

s. the 429 horsepower genesis r-spec. from hyundai. >>> welcome back to "fast money." we're live at the nasdaq market site. facebook's ipo street insider.com has made a list of derivative trades. but we have the top pick. not on any list we've seen so far. so dr. j, what is it? >> it would be netflix. and no positioning here. liquidated all of our netflix last week. except the video piracy act. this is sort of like sopa and pipa and got shot down. this is why you can't stream netflix on facebook in the united states. you can do it and they do do it in 47 other countries. so my play, melissa, would be netflix. it's already passed the house. hr-2471 was the bill that passed the house. if the senate gets on board with the house version of this, it would be gang busters for netflix. >> at what point would you look at getting into the fashion whether it be equity itself. and are you listening to the amazon calle if they're spinning off their streaming business. >> i have not heard that. i am monitoring the amazon call. but i will say that this particular movement could be one of those great times to be a member of congress. b

s&p 500 is shaping up. it's about half and half, positive to negative. you're watching cnbc, because we are first in business worldwide. >>> now facebook reportedly set to file its ipo as early as wednesday. and it could value the company at up to $100 billion. but will making the transition from a private to a public company have a big impact on how the company ultimately does business. jon fortt joins us for that angle. mark zuckerburg not only becomes a billionaire, but he has to hold the gms, is that the deal? >> sources in the valley tell me zuckerburg has wanted to put off this ipo as long as possible because of the disruption it will caution at the company. suddenly everybody will be focused on who is a billionaire, or a millionaire. how much money is facebook actually generating? an estimate from research firm emarketer said they did about $4 billion in revenue. that's in the ballpark of what yahoo! did. a $19 billion stock. but in ads for facebook, it becomes about selling an audience in transactions. remember, there are 800 million users here. probably more than that at this point. but you know, you shouldn't think about facebook's revenue growth, and prof

s&p down and nasdaq up. let's bring in christine romans. >> happy monday. >> you know what made me happy, the idea that there could be a facebook ipo. >> there's been a lot of chatter. it's the holy grail of ipos. we won't know for sure until they file some documents with the sec. "the wall street journal" has been reporting the timing might be getting closer to being decided. we still don't know yet. ipo would be very interesting for facebook. also a tough week though for stocks probably this week. one of the reasons is you have stocks near the highest since april. last week was a tough week. you could use debt discussions going on with greece still. you have the first european union kind of big summit of the year and earnings. let's be careful of this week. it ends with the jobs report in the united states. a lot of things for stock investors this week that could be a little bit tough. >> you're watching florida. >> i want to talk about florida because tomorrow it's all about florida. you just heard one of your guests say that he might be one of the top ten business men in america, right? in florida that seems to be going over well, that and

s&p 500 off about 7 points and the nasdaq off about 16 points. >>> also in the headlines, facebook is expected to announce an ipo this beak.he company's chief operating officer tells cnbc the company's ipo will produce jobs and social change. >> the world is looking for economic growth, the kind of economic growth that feeds a billion people, that deworms millions of children who shouldn't have to live lives like that and that employs people all around the world and it has to be the new technologies which sometimes take away jobs, must also grow jobs and if this for the economy can be seen as the job growth as it is, and importantly for people, the opportunity to use their voice to change their world, we hope that's the part of the movement we're part of. >> facebook's listing is the world's most anticipated offering since google. analysts are expecting it could value the company at $100 billion. last week andrew caught one sean parker and yuri milner in davos and got their thutoughts. >> i can't comment as to timing but i do think there's a possibility it will be the largest offering in history. i don't know what the numb

facebook speculation striking today ahead of that ipo. we have cheer operating office cheryl sandberg. >> the disagreements over budgets are fierce. >> goldman sachs cuts sits b of a rating to a neutral. >> and the s&p is approaching a very bullish technical signal. we're going to walk you through the famed golden cross and tell you what that usually means for the six months that follow. but we're going to -- i don't know, jim. europe's important but there's going to be so much coverage of facebook today. how are you going to digest all the discussion? >> first i think a lot of people at home will ask on twitter, was flooded this weekend, should i buy it. these are all about valuation. if facebook is valued at $7 billion, yes. if it becomes $100 billion, eight little more touchy. people is to understand this deal is somewhat akin to groupon from the point of view where you price it. could you have a bomb on your hand. procter & gamble does call ought facebook as a terrific way to advertise. says it's better bang for your buck. that tells me there are corporations use be facebook that haven't used other ways to be able to advertise. there's real momentum here. david, don't you think it work s s? >>