>> fitbit numbers are great.g, but the stock as dom said accurately, up 150% since the ipo. there's got about a 20% short interest. i don't even know how these guys are borrowing it to get short, but that's what we show the short interest at. those are the folks that are chasing it up here at this now $11 billion valuation after the afterhours move. so -- >> $11 billion. >> a little rich for me. >> and i should said gentlemen and lady. how does this stack up in terms of the first quarter as a public company? >> we were looking for 13 cents a share. street at 8 cents, we were 5 cents higher and they blew that out as well as the revenue numbers. they own about 50% of the market. i think the big concern was the april release of the apple watch. is that going to steal some market share. who is going to transition to the apple watch? we've seen that hasn't really happened. there are two completely different consumers. you can get a fitbit tracker for under $100 versus the $500. if you talked to any of our interns, the

i get to watch, i don't have a fitbit but if fitbit gets really good at that piece of it and it's onlyatever it happens to be versus the apple watch, $600, this $600, they may be able to carve out a initinic people feel like i've got to have it it, it's my health. >> 120% ye-to-date worked up until now. finally, tesla, another big mover to the downside, the company cut sales forecast for the second time this year. that does appear to be weighing on shares this morning. earnings and revenue beat expectations. henry looking at cash levels, dipped into a credit line. >> they are burning a phenomenal amount of cash. i think if you're looking forward with tesla, assume big financings, maybe delusion, more debt, they get to cash flow positive if they debt there. folks are looking at that. they've delayed shipments. people are saying, how big is the market? how fast can it grow? how fast can they produce? it's hard to do what they do. >> cramer's view this morning, he calls it a cult stock. >> no question. >> but with that is the notion if they get more financing and raise capital, bears have

fitbit, looking like it's a just fit.lso, downgrades, but not all investors are listening as apple shares break a front -- five-day losing streak. china what does big brother mean for the big three? all of that, head on emily: -- ahead on "what'd you miss? -- on "bloomberg west." julie hyman is with us, as well as steve levine. shares are lower right now. but what is standing out, julie? julie: the company is cutting its forecast. the company has seen 55 hundred deliveries of its yet to be introduced suv and now they say that it is a range of vehicles. the company says that they are still on track to introduce that at the end of the third quarter, but for the quarter that just reported -- the second quarter -- 11,532 -- they said the third order should be 12,000. they are again cutting the forecast. delivery is what people have been focusing on for tesla. both the question of how many cars they can produce and the actual demand out there. now i'm seeing that second-quarter production was 12,870 vehicles. that was the prod

the dominant company is fitbit, the recently ipo'ed fitbit. dominant a year ago, dominant still.man still holding up strongly. when you talk about wearable stuff and the apple watch certainly gets a lot of attention, it is fitbit that has dominated this market and continues to this year, even as the market is growing fantastically. pimm: what do you think of the introduction of the apple watch to those best buy stores question mark -- best buy stores? cory: it will sell devices, likely. samsung just took it on the chin, lost dramatically on the market share. one might imagine, the couple watch has something to do with it. i think the best way to look at the apple watch is as an accessory to the iphone. a lot of the analysts when they try to figure out how many will sell, they look at it as an accessory just like that. there are a certain number of iphone users that will have the watch and they figure out that percentage, thereby calculating the number of watch sales. pimm: in order to use the fitbit, you need to connected to a computer or smartphone device, correct? cory: correct

some of fitbit's devices are actually these little clip-on deal. $79 you clip it on to your belt. the numbers are correct, that apple is already in the lead when it comes to watches. >> i've ditched my apple watch and my fitbit so perhaps i'm not the core user here. >> why? >> i don't know. just -- cumbersome. just cumbersome, i don't know why. >> it's a good look. >> fitbit shares we should mention came off an earlier high on the report. something to watch as we get into the middle of the day. we've seen the markets pull back to the middle of the section. yesterday we saw strong momentum into the close, we'll see if we can recreate that again today. dow, s&p and nasdaq break even for the week. we're on pace for the best two-day gain since 2009. more statistics we can throw at you. >> you harken back to the period and people get scared again. >> times are very different. >> david thanks for being here. time to send it over to michelle and the halftime report. ♪ ♪ do i sound old if i say i love ac/dc? >> no, we all do, too. >> we're "back in black." let's meet the starting lineup,

fitbit shares are down today despite the big beat.y were up huge after hours joining us the cofounder of ceo, james parr. good to see you again. >> good to see you, jim. >> i'm not going to mince words. this was an amazing quarter by all means. everything guided up. do you think that gross margin is declining from 51 to 47.2. it makes sense to sell this stock giving the guide up that you gave. >> it's important to note on the gross margin side it was well within guidance. there were three contributing factors to the gross margin decline. one was fx which a lot of other companies have experienced and another increasing capacity for best selling product and a shift to the higher selling product and both continued to our big beats on revenue. >> i'm going to stick with the negatives to start. i feel it was i agreata great quarter. people are saying you are spending too much to get new sales. there was a very big increase in hark keting. you stuck by it. you liked the espn deal and the kellogg deal and amazing race. are you spending too m

keurig green mountain fitbit and cbs are all moving lower.start with apple giving back some ground today but in correction territory and it's taking a number of suppliers with it. let's go to dom chu with the details. >> you can see that 11% down side move here. and of course when people play this apple -- they don't have to just play apple stock. our friends over at cnbc pro took a look at some of the names besides apple that have that ecosystem effect, that halo effect from apple. of course we're talking about some of these big suppliers. check out some of these names. semiconductor related. contract services related. if you look at a name like skyworks solution, a stock that had been having a huge run as of late but now you can see they're down by about 13% during relatively the same time frame as when apple hit its previous recent high here. also a name like cirrus logic, one you that guys have mentioned before on air. you can see those shares down by about 8% during that similar time frame around. and avago technologies down by about 7%.

. >>> fitbit shares are dropping. wearables may be worn out. case for and against coming your way. ♪ technology empowers us to achieve more. it pushes us to go further. special olympics has almost five million athletes in 170 countries. the microsoft cloud allows us to immediately be able to access information, wherever we are. information for an athlete's medical care, or information to track their personal best. with microsoft cloud, we save millions of man hours, and that's time that we can invest in our athletes and changing the world. to breathe with copd?ow hard it can be it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. spiriva helps me breathe easier. spiriva respimat does not replace rescue inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva respimat. discuss all medicines you take, even eye drops. if yo

my question is about fitbit. i know you recommended the stock last month and the stock has been over on a downtrend with the recent market sell-off and the report that came out saying that the iphone is gaining shares on fitbit. i just wanted to ask you about the ioc report because when i read that it was overinflating in terms of iphone sales and what you thought about the report? >> think that the watch is doing great. i'm wearing it and the watch is doing great. best buy said it and fossil even alluded to it. i think that as we said, fitbit got to 50, and we thought it was stretched. i felt the fitbit interview -- i didn't feel great comfort there. apple watch is doing well and fitbit is the wrong stock for this environment. it's a stock about hope and we're looking for hard facts. don in south carolina. don? >> hey, jim. greetings from the palmetto state, my friend. >> good to talk to you. >> i've had my eye on the stock for a while and it's in a tough sector and it's been beaten up bad and it has a massive d

on both of those i think fitbit is incredibly strong. you believe the idc data showing 45% annual compounded growth over the next five years or not, i don't think very many people can refute that the market for quantified sell for tracking data whether for the application of weight loss or the application of health or otherwise is here to stay. i think whether it's a wearable or not, that may be a fad, but i think fit bit will evolve as that market evolves. the second big issue is the quality of the team. this is james park, eric friedman and their team thinks about that every day. when you look at the vast majority of competitors they're talking about cars, iphones, other things. i think they have a big focus. >> ed, you're a bear. the shares are down 13, 13.5% today. do you think they have further to fall? >> well, it's hard for me to comment on that. i think what i can say is the market itself is not well defined in terms of the actual growth rate and it's very easy for expectations to get ahead of themselves. when you have competitio

now the fitbit ceo will be on squawk on the street today at 10:00 a.m. eastern time. >> green mountain plans to cut 5% of its work force after second quarter earnings that braet beat forecasts. it also continues to struggle with declining sales of its coffee brewers and single serve pots. shares plunging 29% in after hours and currently in germany off 29. >> all right. 21st century fox reporting results that beat forecast as modest growth at its cable networks offset a revenue decline at its movie studio and fox broadcast network. on the call new ceo james murdoch says the company expects an increase in cable subscribers this fiscal year. however, shares still fell by 3% in after hours after losing 7% in the regular session as media stock on the whole got crushed in the wake of does nis'sisney's disappointing earnings. >> the eu cleared a big travel retailer based in switzerland to buy a majority stake in world duty free now that this deal seems to be going through according to the regulators they will be creating the world's biggest travel retailer. >>

pim: fitbit and tesla having a challenging day. that is next on the bloomberg market day. ♪ is a shot looking south that the empire state building a lower manhattan. welcome back to the bloomberg market day. betty: let's get a quick check of the markets. one of those stocks plunging today. : tesla is down about 10% here and it is all about this heat in tesla's upcoming model s. elon musk says the company is facing some challenges and it could slow down some challenges -- slow down production. sinceat its lowest november 2013. fitbit falling, now down by about 12.5%. off of its lows from earlier today. it posted narrow margins in the second quarter to 47% from 51% a year earlier. market share fell 40%. which is sizable. but less than last year's 45%. you to green take mountain coffee. the stock is going cold, down nearly 30%. this is its biggest fall since may of 2012. this is the maker of singleserve coffee machines. people just aren't buying as many of its individual coffee pods anymore. pim: i was thinking that the combined image

fitbit and amborella. >> that by the way is the guts of gopro. fitbit this is wearable.d apple, that i have wearables. really kind of in the same category and tech. novelle la we'll keep. speculation situation. dycom keep telecom and apple aztec. you got to go with the lock heed martin you need a diversified industrial. throw in ge. i will sleep better knowing you can sleep at night. wow, what a tough game. stick with cramer. >> okay. let me give you the time. everybody is darn negative. we need you to say the feds, no rate hike in 2015. it's too crazy up there. we need to see the craziness in china the games they're playing, let the market come down and find it's own level. >> that has to happen first. we got to see the commodity stocks collapse. there will be many bankruptcy and many defaults, because of it. let's say there is always a bull market somewhere. i promise to find it for you. here on "mad money." i'm jim cramer. see you tomorrow. takes imagination. >> a million-dollar invention takes a whole lot more. >> you need guidance. >> you need money. >> you need us.

. >> fitbit second quarter beating forecasts.s the full details. >> it was a wild roller coaster ride for fit bit stockholder afs the after the first ever report as a public company. they reported 21 cents on an adjusted basis and 7 cents a share on a basic bases. analysts were looking for 8 cents a share so it appears as if the company beat on an adjusted basis. revenues, however, a solid beat coming in here. $400 million. analysts were looking for $319 million. the company also offered solid guidance for the current quarter and the full year. however the shares got hit and they got hit hard. some traders attributed to profit taking on shares that rallied nearly 4% during the prior regular session and are up 160% from the $20 june ipo price. there are still analysts out there that are bullish on the report like bob peck over at suntrust. >> looking at the numbers, they beat on units, they beat on revenues, the guidance on the full year are better than anticipated. if you had to nitpick here there's a couple of different things.

i used to wear a fitbit and loved it.e watch and it has almost all of the same -- >> you didn't need it anymore. >> i will say this, i miss the fitbit software. >> yes. >> way better than the health software on the iwatch, on the apple watch. >> that's what i hear constantly. >> here's the thing, though, the elegant piece of hardware stays, the software can be modified. i believe apple will get far better software to match what was the functionality of the fitbit software. aren't you worried by a threat by a much bigger player who -- >> there is, but remember, this is a nay sant business. it's always hard to sit here and analyze nascent businesses. this business didn't exist, i don't know, a year ago and they've grown exponentially. their only viable competitor is not apple, mondelapple is a sep thing, garrmin has been having issues, they are going and creating an ecosystem such as apple did. they have scales that are going to, you know, talk to this. >> the scale talks to my watch, by the way. >> wear this, you can -- th

tesla, twentieth century fox, godaddy and fitbit. plane debris identified as remains of the malaysia air flight that disappeared over a year ago. could this help solve the mystery of what happened? cheryl: the scandal continues overconfidental information over hillary clinton personal emails. now the fbi is getting involved. [closing bell ringing] david: 24 hours away from the most highly anticipated debate in political history, can "the donald" keep momentum? we'll ask steve forbes coming up in just a moment. cheryl: closing bells ringing on wall street. take a look at markets. the dow barely coming into the red as we close. s&p barely inching up. good day for technology, oil down and gold, david is down. david: while markets wait for tomorrow, here is everything you need to know now. elon musk a genius or just a dreamer? tesla's second-quarter earnings expected any moment now.

so what's all the fitbit hype about?. >> well, i'm going to do some running here in central park in new york city, but i brought in an expert to tell me if the fitbit actually works. >> how do you feel? >> good. >> what does it say your heart rate is 158. let me see what i get. it's 1a, yeah, about the same. >> how do you feel about it? >> you know, i really like it because it measures a lot of things we really need to know about. does it motivate you? >> uh-huh. >> yeah. it kind of does. >> all right, cheryl, you're now a live in-person with us,. >> with my fitbit. so that's the fitbit we borrowed from the company, and this is my personal one i wear every day. and, yes, the numbers were good. but the question mark that both of you have raised to me, and we databased this a bit is is it a fad and are you only going to set cell to a certain part of the population with the rest of the population won't even care? and i think that's where the wearable technology advice in the industry -- stuart: and your answer is? >> i'm st

a mirror and blood test can do the same you can do with fitbit.the gyms, open a gym, most gyms business model is met with failure, not success. it's a very difficult business. think, i felt trap to it with vitamin shop. >> at a fitness expert, let me talk to the brief and horrendous history of public traded health clubs, bali total fitness, town sports, life time fitness, what ends up happening they end up bankrupt or falling in the arms of a private equity rescue because the business model is pretty terrible, they have to spend a ton of money on marketing to drive the membership and members don't renew, ones that do don't show up. >> it's good. >> but what ends up happening they do a martin luther king sale, president's sale, back-to-school sale, and a certain point they can't pay the rent. most end up failing. best run and most successful one is equinox, it's owned by blackstone. that's a pretty good way for a health care -- health club chain to be run, a public company -- >> i want to jump back to the other big news of the day. of course, bill

tesla and fitbit the latest two companies to come but with big earnings for the second get yet their the main reason is invests are not happy that the company is slightly weakening its sales forecast for this year. elon musk stated he wanted to sell 55,000 cars in 2015. now the company is looking at between 50 and 55,000 enough to send the stock lower by 8%. musk not bothered by that at all. he tweeted that he would rather focus on making great cars than worry about meeting financial targets on a quarterly basis. >>> fitbit the san francisco startup saw a huge gain in sales of its fitness bands in the 2nd quarter from a year earlier, also up from the 1st quarter crushed expectations on profit and revenue! yet its stock is down by about 9%. and one of the main reasons for that according to analysts is that, well, fitbit stock hit an all-time high yesterday. its stock has been absolutely white hot since its ipo back in june. unemployment claims up a little bit this past week. labor saying they are up 3,000 to 270,000. but four-week average down 10% compared to a year ago. and the level

fitbit ceo will be a guest on "varney & company" at 10:45 a.m. eastern.curate green martin coffee plunging 30% and the premarket session. thirty-two dollars drop we see. the company forecast for adjusted earnings per share will come in sharply below forecasts. it also plans to cut its workforce by 5% for the estimate. planet fitness gearing up to go public. lauren has a preview. lauren: planet fitness will start today. it also gives you free food. prices shares at the high-end of the expected range of $16 per share and rates $216 million to trade on the new york stock exchange under the ticker signal pl nt. health and wellness ipo is very hot but very challenging lately. if you look at yesterday's ipo from amplify snap or income of big disappointment. shares finished the day sharply lowered and historically the first historically the first-day gains for consumer food ipos is up 22%. when you see a big decline looking up what is going on with the first-ever quarterly earnings report and the market for planet fitness, you have to wonder how you're going to

godaddy and fitbit. david: plane debris identified as remains of the malaysia air flight that disappeared over a year ago. could this help solve the mystery of what happened? cheryl: the scandal continues overconfidental information over hillary clinton personal emails. now the fbi is getting involved. [closing bell ringing] david: 24 hours away from the most highly anticipated debate in political history, can "the donald" keep momentum? we'll ask steve forbes coming up in just a moment. cheryl: closing bells ringing on wall street. take a look at markets. the dow barely coming into the red as we close. s&p barely inching up. good day for technology, oil down and gold, david is down. david: while markets wait for tomorrow, here is everything you need to know now. elon musk a genius or just a dreamer? tesla's second-quarter earnings expected any moment now. while the street waits for the results let's bring in today's panel. we have gary gastelu, editor of fox far report. jonathan hoenig, capitalist pig h

i think fitbit is still making interesting progress. its clarion call when it went public and it was making doubters, what just hit people now that maybe this whole wearable market isn't what it was because apple seems to be hiding how it's doing? >> i think it's probably an aftereffect of what happened with apple. apple's never really going to tell us how many products they're selling, they rarely do, but there are a lot of reports the watch isn't selling as they might have hoped -- neil: do you understand that it is a disappointment? now, keep in this perspective, for apple a disappointment is less than five million units. >> ten, thirty million, who knows. i think they were hoping for more in sales, but realistically that wasn't so fair considering what's happened with companies like lg and samsung who is making dozens of these things. they had this massive product line. neil: apple quickly spread it to the top of that market, obviously millions of people buying, millions of people still like them, but maybe it's hunting of a ceiling

will, people are buying a lot of fitbits, their last report not too shabby, the apple watch had beenevenue generator for apple. should people really be bearish on the stock because of the watch? >> no. i don't think so. there's tailwinds around fits in generally in the last survey, 22% of respondents said kaited they planned to purchase a fitness tracker. fitbit is leading the category bay wide margin and they've got a much broader selection of price points and devices and apple shows up pretty well in that survey. despite being at a higher price point. the ires for apple are around the iphone comps in the december quarter in china. those are the two factors, but we like the stock on this weakness. >> i guess in a way if you think that apple still has its mojo, if you're long the stock, pullback might not be too bad, including we got a lot of news from them. the biggest news of the year that always hits in september, and october. what's your feeling about the apple next iphone, which we expect to be the 6 s, plus 6 s plus. we've had amazon on taking they've been taking share from sam

fitbit, looking like it's a just fit.s, but not all investors are listening as apple shares break a front -- five-day losing streak. china, what does big brother mean for the big three? all of that, head on emily: -- ahead on "what'd you miss? -- o

tomorrow we will be all over tesla and fitbit earnings. ♪ >> from our studios in new york city, thisarlie rose. al: ben carson is a neurosurgeon who has authored books. one of the books was made into a television program about his life. earlier this year, he announced his candidacy for president of the united states. one fact cited by critics and admirers is that h

fitbit, looking like it's a just fit.s, but not all investors are listening as apple shares break a five-day losing streak. china, what does big brother mean for the big t

tomorrow we will be all over tesla and fitbit earnings. ♪ with all due respect to chris christie, tmi chris christie: i am a catholic and i have used birth control. not just the rhythm method, ok? mark: in our lineup tonight donald trump, the event without donald trump and then donald trump again in an interview later on in the show. the big event with donald trump front and center, fox news's

tomorrow we will be all over tesla and fitbit earnings. ♪ announcer: now, a paid presentation for meaningfuladvanced with cindy crawford. female announcer: special appearances by debra messing and -- male announcer: valerie bertinelli. female announcer: and stars for mtv's "royal pains" and "the mentalist." male announcer: now, for 2015, our best offer ever, including $95 in free gifts brought to you by guthy renker. katrina: hi, i am katrina szish.

jeff is back with me now, an investor in fitbit, among many others, and we also have dave, whose company is valued at $1.5 billion. speaking of unicorns -- people are saying that there could be a downturn here in silicon valley. jeff: first of all, i hate the term unicorn. it didn't turn out well for the unicorns. the boat went without them. i think the concept is not a great thing. it implies that companies are valued over $1 billion and there are more. when companies think that the valuation is the end, i think it is screwed up and we have a market that may be screwed up. emily: i just spoke up with mark benioff about this whole unicorn concept, and he warns that there may be trouble ahead for these so-called unicorns -- take a listen. mr. benioff: i think we will start to see a lot of debt unicorns, because what i see are businesses not focused on their fundamentals. jeff: uni-corpses. i agree. go and raise money at very high valuations. but if you do that and then you get stuck, you have this very high valuation to go public and you will end up as a potential uni-corpse. this environ

>>> fitbit tesla and keurig all reporting after the close, but the stock that's got cramer's attention may surprise you. stick around to find out what he's watching on last minute mad. >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. ♪ ♪ ♪ >>> just yesterday we find out that rr donnelly and sons rrd, it's generally thought of as the world's top commercial printing company is breaking itself up in a move that makes a ton of sense. i've been a fan of this company for a long time because it's the most trusted name in preparing financial statements for publicly traded companies, but if you watched the show you know i love the idea that r.r. donnelly is splitting itself into three different companies that are easy to understand. one is a financial communications and data services company and there is a multi-channel communications management business that we will go into what all of these mean and the printing b

look at the nasdaq, down 82 points with tesla, fitbit and disney all on the move, not necessarily in the direction you'd like to see with less than an hour from the closing bell. let's start the "countdown." ♪ ♪ liz: one minute past the hour, here we go before the closing bell, 59 minutes, it's two hours to get real for seven republicans running for president, rick perry, rick santorum, bobby jindal, carly fiorina, george pataki, lindsey graham and jim gilmore will use their debate skills to separate themselves from the pack or at least try. then four hours later, prime time politics with the top ten. fox business correspondent blake burman is number one with us, right outside the quicken loans arena in cleveland. the atmosphere must be getting pretty electrified. >> i appreciate that, by the way, liz. thank you very much. liz: of course. [laughter] >> yes, it is, indeed, electrifying. there is a lot going on right now. let me try to walk you through it. inside the quicken loans arena, the q as they call it here in cleveland. 5:00, as you mentioned, and 9. the candidates, their campa

and is fitbit fit for our portfolio?ve your trade ahead of tonight's earnings, along with all of the other moves in today's action. jon we'll see you in 15 or so. >>> after labor disputes shut down many west coast ports, some of the business shifted elsewhere. s that returned now that ports have gotten back to normal? jane wells joins us from the lbc. jane? >> jon, what a difference a contract makes. we're at the ssa terminal in long beach. volumes in long beach shot up 8% in june. next door in los angeles, up 14% to a three-year high. 40% of shipped goods come through here. 12% of gdp. some say there is a sea change. of volume going east because of the horrific slowdown last winter here. is it just a blip? >> the port complex is perhaps one of the most valuable assets in the u.s. >> l.a. and long beach are back. a bee hive of activity. unclogging the nation's largest container port complex after a horrific slowdown. is everything back to normal? >> oh, absolutely. yes. >> we're well ahead of last year. >> perhaps, but t

>> fitbit. i'm still long. obviously you have this big pop. ran out of a little bit of momentum. but i still believe they are the gopro. i still believe they are the apple iphone. you are running into a lot of resistance here in the chart. it's a very short-term chart. you're going to see a lot of guys liquidate if we get back to the high 40 levels. >> cord cutting catching fire this summer but could it be worse than investors think? special report after the break. plus target reporting tomorrow. we've got the three most important things the street is watching. you're watching cnbc, first in business worldwide. i'm here at the td ameritrade trader offices. ahh... steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place that lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim? for all the confidence you need. td ameritrade. you go

it was -- i'm trying to remember some of the -- other, your fitbit.at do those have to do with the thermostat? oh and the dryer. whirlpool is also part of it. so, your dryer is now talking to your thermostat. what's going on? it's telling you that if you're -- let's say you get in the car and you left, if the car tells that to the thermostat, the car tells the thermostat, nobody is home and we're going to turn down the air conditioner. if you're not home, the dryer is told, they're not home, slow down the cycle or ten minutes before they arrive, turn it back on to get a fresh psych. when you put your key in the smartlock, it says, shawn just walked in, this is the temperature he likes. adjust the settings accordingly. these are connections that initially they seemed quite bizarre, but as you work your way through it, you realize, wow, that makes a lot of sense. of course, these are totally different industries. the car companies and washing machine companies and thermostat companies, google. they don't normally seem like people who would be partners o

alix: fitbit earnings are just out. we want to get to julie with more.ie: edit looks like these earnings are blowing away estimates, coming in with $.21 per share, eight cents is what analysts had been anticipating. this is the first report from fit bit as a public company. they were trying to figure out what the company would report, but revenue also coming in ahead of estimates at $400 million. $319 million is what was estimated. and the ceo, james park said in , a statement that this is the highest quarterly revenue in the eight-year history of fit bit. that in the quarter there were , new features and services introduced and expanded brand awareness. probably not hurt by the company's ipo. that was on the stock has more june 17. than doubled since that ipo. i also want to talk about the outlook, which is quite notable here. it looks like the company for the full year is predict thing -- predicting revenue of $1.6 billion to $1.7 billion. analysts were looking for $1.4 billion. fit bit is outperforming here. seeing a lot of demand for its products. re

the following fitbit, fitbit falling 11% on news. liz: why?e is catching up on shipment of wearable tracking devices. very close in shipments, i have to mention tesla, elon musk, consumer reports did a test on the new all-wheel drive electric sedan. they gave it a score of 103 out of 100. tesla stock up 7% today. that's not a bad score. liz: no wonder the saudis of terrified of elon musk. at some point elon musk will figure out how to make a $30,000 tesla, and then people will feel they can buy that. >> maybe, maybe. liz: all dow 30 stocks are now green. i don't know if we can show it back at studio. every single dow jones industrials stock is in the green. >> we lost steam, and the question was were we going to go negative or see a rebound? we saw a big order of numbers, we could see more gains. >> art cashin says it's a billion dollars to buy on the close which is now 9 minutes away. no commercial breaks. we cannot tune out because any headline that would come in here might spook the markets or shoot it higher. scott shellady, up 307 points

i finally want to take a quick look at fitbit as well.more than doubled in the near less than two dozen months. today, when you have a stock performance like that, earnings better deliver on every single little line item. there is one, the gross margin college construct -- which contracted. the company has been ramping up production as well as marketing. that spending is taking its toll. thank you so much. fitbit is down and herbalife is up. julie hyman is giving us the latest. capital,n venture putting money to work. a staggering case. where are all those big dollars going and what trend might you be able to harness? we will be back with more in just a few. we're not letting you go anywhere. ♪ welcome back. 2015 promises to be a banner year for d.c. inc.lobal venture capital to over 1800 deals, raising $32 billion in the second quarter. of $1ions in excess billion doubles in the second quarter through 24. insight venture partners putting dollars to work here the managing director joins us. i feel like all we keep hearing about is how muc

car companies, it was the lock company, it was -- i'm trying to remember some of the -- oh, your fitbit, like what do those have to do with the thermostat? well -- oh, and the dryer, that was it, whirlpool was part of it. so your dryer is talking to your thermostat. what's going on? well, it's telling you if you're -- let's say you get in the car and you left, okay, well, the cartels that to the thermostat, the thermostat says nobody's home, turn down the heat or turn off the air conditioning. and if you're not home, then the dryer can be told "hey, they're not coming back so slow down the cycle and ten minutes before they arrive turn it back on to get a fresh cycle." or when you put your key in the smart lock it says "oh, sean just walked in the house, this is the temperature he likes." so adjust the settings accordingly. and these are kind of connections that, as i say, initially they seem quite bizarre but as you kind of work your way through it you realize, wow, that makes a lot of sense and, of course, these are totally different industries, the car companies and the washing machin

fitbit is still, though, well above its ipo price.t was 20 bucks a share, remember, but still a very noticeable down move for a hot recent ipo in technology and wearables, mandy. back over to you. >> right now the markets do seem to be losing a little momentum in afternoon trade. we were up at a high of 381 points for the dow. now we're below the 300 mark. we'll keep watching whether or not we can lose some steam. but nonetheless, s&p have gained since tuesday's close a whopping $1 trillion plus in market cap. we're going to bring you the close for oil prices. after the break. they were up a high of 10% just minutes ago. know we're up about 9. we'll be right back with the oil close. ♪ every auto insurance policy has a number. but not every insurance company understands the life behind it. those who have served our nation. have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see why 92% of our members plan to stay for life. >>> welcome back to "power lunch." i'm jackie dea

. >> fitbit. you know my three-day rule. monday is your three-day rule.t to make a series of a little bit higher lows. just see where it's going to trade, let it open, let it circulate a little bit around the trading floors. see where it's at at noon. >> seaburg. >> nvidia. the stock spiked massively today. i say sell this stock short for a trade. 50% exposed to the pc market. people are looking for the bottom in the pc market. i don't think we're there yet. i think you can take some off here and you can probably buy it back at cheaper levels. >> beakers. >> so we started the show talking about housing and i'll ebbed it talking about housing. itb. love this name. i think low rates are going to be good but also technically it's resting on a very important trend line. risk hiech reward. great trade here. >> guy. >> love mr. seaburg. i'll take the other side. feels like nvidia, nvda breaking out to the up side. some analysts think -- this is going to be a good one. >> that does it here for us on "fast money." thanks so much for watching. see you back here 5:

after the bell but tesla has say massive short position but then there is if it does it -- fitbit. you were listening to the netflix conference call. you feel good? >> very good. lot of people focus on short-term numbers this is of very big story. >> what are they missing? >> that it is on time, and the hardest he has ever produced and will be the most amazing car and that was important for us to hear. >> but it carried my hair out more than they sell a one week and all your. >> the preowned cars that are starting to move out out, but they cannot fill those orders enough and the demographic is much broader. >> i call that the brains of the renewed economy also apple pay so that is my stock pick tonight. i am the like this with a dip. >> i think i would buy that to do a little lower but they had record earnings of 2.$4 billion but they were down 3% but that is going up against last year. charles: there is a point when everyone in subscribes to something that might be a problem. a name say you like that people should consider owning? >> the last thing i bought was tesla it was very d

has an opportunity to release statistics. >> i don't follow it. >> i don't see a fitbit on your wriston't have any jewelry don't have wedding ring on. >> stock has done well as you can see 50 on fitbit earnings season overall you are saying black eye was energy, and everything else is doing well, even though you still are looking at what. >> financials, the key is financial, if i can't -- i said excluding financials earnings look good kind of a foolish statement, financials drive credit, credit drives the economy, so, with financials doing really well and credit expanding, it is pretty hard to make the case the economy is own verge of collapse. >> get next opportunity 20 minutes. >> and as far as color on that, we had the ceo of lending tree on your smo yesterday maria he gave unbelievable color they had posted their results, and saw record lending, in consumer loans, credit cards -- mortgages, they had a hugely successful quarter, and he was boosting that people are getting credit getting loans going quite well. >> from the lending tree. >> statement that -- more than 25% actually up

the health and wellness craze, you site with fitbit.. 125% with the ipo.mplified snack brands priced over the range. that is another one promoting healthy food. erik: amplify has not started trading, it will soon. carter: you can probably expect it is going to open pretty well. olivia: neiman marcus is filing for an ipo. we don't know what it is going to value itself at. is this a good market for neiman to go public in? carter: looks like it. private equity backed deals -- planet fitness is private equity backed -- has been doing very well. neiman marcus has a well-known brand. erik: what do you think, to olivia's point, might be ares and canada pension plan investment board to take it public? market is doing quite well. butipo market is down performance has been terrific. 18% average performance one day after pricing for ipos this year. much better than last year. we've got a well performing ipo market. erik: is it not something of a red flag to the investor when i to market say rushes private equity firm brings it to market that quickly? carter: investor

stuart: i'm going to let you back in, where is fitbit, down 2%.y were indeed because isn't the apple watch outselling the fit bit with the difference in price? >> the first estimates for apple watch sales and there are numbers behind fitbit. we don't have apple's numbers, they sold on the first quarter and second quarters more watches than they ever sold with the iphone and ipad. ashley: 2.6 million units and if fitbit-- >> if that's the case why is apple still at 111 or-- >> they're still there because the gross revenues are with the iphone. the over hang, are they going to exceed 5% in sales? and we've refreshed on the iphone cycle and the next one is next year. ashley: and china, too. >> the carriers are making them pay their own way and no longer subsidizing the phones. it turns from two-years to three years and that's why you see the overhanging p.e. stuart: my head is spinning. and the cholesterol people, the fda approved amgen's drug to lower cholesterol only for some patients, that's the catch. nicole: by the way, he said p.e. in case you

also taking a look at fitbit. fitbit today is a winner. it's down almost 30% for the month.in wearable devices and apple is closing in on fitbit's lead. and then there's netflix. and the hunger games catching fire, also some of the other movies, well, hulu is now epix deal and we want you to start your day every day on fox business, at 5:00 a.m. stuart: like it or not, i'm going to call this a come back. we're down a mere 22 points, what a difference a week makes, does it not? you never know, it might turn positive by the close. i'm not saying, you justrch know. facebook, $90 a share. why am i showing this now? i'll tell you. and u2 he's made more money off of facebook than his entire music career. go back to 2009 before facebook went public, he bought a 2.3% of the company. ashley, what did he pay then and now? >> he paid 76 million back in 2009, today it's worth $1 billion. not a bad rate of return. >> so what does that make him? >> the world's richest pop star. madonna about 600 million. stuart: say it ain't so. he's worth than beetle? >> by about 80 million. stuart: that

it was fitbit that saw a pull back. and, again, the nasdaq, besides oil, which you're going to talk about today. big move for oil. >> big move for oil as you just said, liz, supporting some of those energy stocks and liz has been working this week with these market swings. you can catch her weekdays 3:00 p.m. eastern. countdown to the closing bell for more market news right here on fox business. well, every index closed above 2% today. you may think you missed your chance to pick up some bargains, billion investor jeff green told us how he says the market. >> i think when you get a market like this. you know, the analogy i use is, like, when there's a fail before christmas. you think of buying a suit or sports coat or pair of genes and then you want to buy it and then suddenly it's 30% up and then you see a ugly sports coat that's 50% off, you shouldn't buy it ever. and same with stocks. i've been looking at facebook with, you know, waiting to jump in at the right moment. i saw it was down, i went and jumped down. but t

fitbit. i've got to stay healthy. fashion and excitement and energy.ve what i do and i have 40 years of working at this country. i have had the privilege to serve a third of its history. when i got the job to transform into the modern era, i brought an international perspective but i also brought a lot of the united states. with the united states has done, not just for me, but people like me, immigrants and people who do well here by growing up. that commitment to stay on top of your game, i can do it forever, obviously. shareholders, myself, the board, we all look at that and say let's keep driving the company in this direction and along the way all the good things will happen to you will happen to you. charlie: what you say to an activist who comes after you? andrew: this is a new reality i have embraced as american capitalism looks for new ways to make money under different time frames. that is not the discussion we should be having. charlie: short versus long-term? in other words, clinton is making speeches saying we have too much from -- much of a