grasso, trade it or fate it? i'll tell where you what i'm doing and fade it.rything looks good and at all-time highs you stated up 22% and great cash flow and double digit eps growth and the problem is they were helped an enormous amount by the tax cuts you're not going to get that going forward. growth is slowing, fade it >> no. i'm fading this one, too i'd love to trade it, but ultimately again, this valuation makes zero sense to me what do they do at hershey >> they make chocolate >> sorry, i'm out. >> that was a group fade the first in fast money group history group fade. >> i'm long mastercard so you can't possibly be long mastercard and want to fade visa in any big way i believe in the structural change it's happening, been happening, continues to happen and the growth is still there. the only thing that gives me pause is the valuation is high, but i'm still hanging on i'm trading it >> i'm trading, as well. both of these names look really good and the great thing about the stocks that are at 52-week highs, anybody in them has a profit and you don't have

grasso >> the only direct streaming play that we have here is netflix. it's up 36% year to date so disney's up 23%. is that an unbelievable run. how do you play all of it? roku, up 7%, 8%. it will stand to benefit from all of these you almost have to miss the first 5% to break through resistance before you put new money to work in roku. >> still ahead, tech stocks taking on the trade and the group may have reached his peak and he'll tell us which part of tech can get hit the hardest and plus this retail stock has doubled and it is sinking after hours and 'lte ywel llou what it is and why investors are litting the panic button more fast money after this incomparable design makes it beautiful. state of the art technology makes it brilliant. the visionary lexus nx. lease the 2019 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. >>> welcome back to fast money let's get to bob pisani at the new york stock exchange. hey, bob. >> hello, melissa. the markets haveec woen up to two facts. first, the odds of a tariff increase are much

i like alphabet and you're happy in the long run if you buy it here. >> grasso?think you have to buy yield, dow dow inc.. if you start padding your performance. >> danny boy >> the big show -- >> stop sticking around for this xhp and i think it's not so great and i think you should sell >> that does it for us on "fast money. we'll catch you back here on tuesday after the long holiday "options "options action" starts after the break. ♪ ♪ the nature of a virus is to change. move. mutate. today, life-changing technology from abbott is helping hunt them down at their source. because the faster we can identify new viruses, the faster we can get to stopping them. the most personal technology, is technology with the power to change your life. life. to the fullest. >> hi there, the guys are getting ready behind me before the long weekend here's what's coming up on the show tonight ♪ welcome to the jungle, we've got fun and games ♪ >> the cat getting scratched this month the stock down more than 10% when the chart master sees something in the charts that could spell more

steve grasso at the nyse >> one of the things that may have helped put a little sort of slackening in the decline is when the president said he had not made a decision about putting an additional 300-some billion dollars worth of chinese goods under tariff i think that was an important thought there. >> that and the notion that he's meeting directly with president xi he's much into this idea of personal relationship and forging deals with the counterparts that will be important also. >> thank you for watching "power lunch. >> "closing bell" starts right now. >> welcome to "closing bell. i'm sara eisen >> i'm scott wapner in for wilfred frost. the dow plunging more than 700 points at the low. >> we've got full team coverage for you as we begin the final hour of trade. bob pisani on the floor of the nyse bertha coombs is at the nasdaq mike santoli is at our new post with the market dashboard. kayla tausche is in washington with the latest on trade and tariffs, which is the root of this sell-off. an

live from new york i am brian sullivan your traders tonight are pete najarian, tim seymour, steve grasso and guy adami are your stock investments falling again in what has been a month to forget? nervous buyers, though, they've been barging into bonds as more and more warning signs crop up into the market, but we have you covered. the top technician mark newton on what to buy now and salima kroft, and that, my friends is we'll get to the gefrts. it's hit its lowest level since 2017 yes, that sounds bad, but in perspective, we were cut 400 points at the low of the session. guy adami. >> yes, sir? >> good guy adami. do you take solace in the fact that we were 200 points off low the and the china-related stocks and the semiconductors, they actually ended higher. >> and welcome back once again, brian sullivan >> yes >> again, you're doing a great job here, and i think the bulls will be happy that the s&p 500 defended of the 2 hun-day moving average bounced off its seemingly and that sets off going into the rest of the week. i will still say this. i think we need to trade down to 2650 or ther

he's a "fast money" guy. >> and a fan of tyler's. >> and a fan he's steve grasso. a volatile hour. don't go anywhere. we'll get you set up for the final hour of trading. the stocks thaart e leading us lower with the dow down 537. we'll be right back. >>> we've got the markets down just about 2% right now off the session lows as we head into the close here dom chu joins us now and we're taking a look in particular at the nasdaq which is feeling the most pain biotech is a real source of that pain >> biotech and a couple of earnings reports are probably at the heart of this. you have regeneron, you've got milin. massive moves lower for those particular stocks. it doesn't help the sentiment as all but we've been looking at biotech as one of those gauges or sentiment indicators for overall risk appetite in the marketplace and we already knew that health care was the worst-performing sector in this year-to-date trade it was the best performing one last year in a year of turturmo, or a quarter of it the fact it's gone down as much as it has probably tells you a little bit

electronic arts. >> grasso.i bought it yesterday and it's been under pressure and it's about ready to turn the corner wrk. >> careekaren? >> cbs light on earnings any i like the valuation here, and i do think there is likely a merger in the works. cbs. >> intel if you liked it back in february at 50 you would probably like it back here again and it's a good level. >> that does it for for more "f" jim cramer and "mad money" up next >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain, educate, teach, put it in context. call me, 1-800-743-cnbc or tweet me @jimcramer. healthy declines bullish sell-off positive corrections

morgan, steve grasso and guy adami. the market rally is back on. the dow surging after a strong jobs report and there is one chart that could mean record highs are here to stay we've got the details, plus lyft spinning down ahead of its earnings down 13% from the ipo price and is the ipo boom about to go bust but first, it's a jungle out there and berkshire hathaway is going head first with amazon he's making a bet on the tech giant. the stock has had a wild ride so far this year. it's up 30% in 2019. their 230 billion in market cap and now within striking distance of all-time highs and do you keep buying amazon here or is this as good as it gets for the stock, guy >> guns' n roses >> i think we have >> of course, you can. flash or duff mckagan? >> flash >> i think you're wrong. duff was the heart and soul of the band, but slash was the pretty boy >> he's going to tie this in. >> i'll tell you welcome to the jungle right now and you were about to leave the jungle until warren buffett said i'm going to get myself a little amazon long, too and that's

. >> your traders are tim seymour, carter worth, steve grasso and guy adami. today we dig into the biggest ipo of the year, beyond meat up 250% since they debuted and the shorts are getting cooked and the analyst is here with the bull case and that's noble and we'll start on what was a wild week for the market and your money. investors buying and selling on nearly every trade headline in the markets valiantly and futily trying to make a comeback and the conflict with iran adding to the nervousness, as well, so what is the macro market telling us, if anything, guy adami. >> yes, sir, about the trade deal and is all of this volatility, maybe, maybe, a chance to get in or get out? >> first of all, great having you here you do yeoman's work >> the hard way. >> a five and five >> i knew that >> i'll say it again, i thought the markets were low for a while and i've been wrong, but this week in a lot of ways has solidified my view 2940 in the s&p and we have a great technician, carter worth will tell you that's a pretty decent double top, and i'll say this again i th

the show today about where is growth that you can find at a reasonable price, this is it >> steve grassoln, olin corp. did you ever hear me mention the stock before >> olin corp i am long and staying long and i think it's an easy double from here oln. >> all right, danny. >> options action here stick around i think the most important thing that we'll hear next week is from cisco systems guidance from the period that had a stellar, cellar quarter and let's see if we can do next week. >> stay tuned. >> hold on, what's up next >> that does it for us >> oh! >> you can catch more "fast money," 5:00 p.m. monday through friday don't move, though ten"tas ghctio srtrit afr the break. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. ♪ ♪ ♪ ♪ >> hi there. we're live at the nasdaq in times square, carter, mike and dan are getting ready for the sho

steve grasso as well so, i thought -- did you think that sounded kind of hot, steve?he same consensus, but this time we do he was right -- >> he said it was cold -- >> colder than expected. i like how rick put it as well, joe. you know, it's not declining it's just not -- it's not really moving and the context here is important, because you would think the way the economy's been running and the way unemployment's been running that there were expectations you would have higher inflation, but we're just not seeing it housing shelter up pretty good, 0.3%, 0.4% right there a decline in new and used vehicles down 0.4% sometimes that has to do with the time of the year airline fares down 0.1%. i'm just seeing not a whole lot of inflation in there. prescription drugs up 0.7% that had been on the way down. it seems to be back on the way up the last couple months. gasoline, though, up 5.7%. that's going to kind of work its way through. i thought, guys, for a second, we'd talk -- >> not going away. >> what's that >> not going away. >> it's not going away, but the acceleration i

. >> grasso. >> you know what makes me feel fz about walmart that mnuchin is meeting with walmart and i know they'll be in the administration's ear. >> see you back here tomorrow at 5:00 for see you back here at 50 don't go anywhere, "mad money" with jim cramer starts right now. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica call me. this part got real simple, real fast we got a new rubric to judge how much china too much chinese exposure, you're toast but if you got little or no chinese exposure, you stock can rally, even on a not so hot day like today s&p declining. and yes, do i sense the desperation out there. reverberations from the trade war. it starts with companies that could be directly affected number one, everybody knows it, apple. everyone knows apple has a ton of chinese exposure. but how much exactly wow, this morning goldman sachs published a piece of researc

take on the ipo market >> joining us for the entire hour today as we look ahead to the close, steve grasso from stuart frankel welcome. >> stu >> how do you feel about the resilience of this bounce we're seeing >> i feel that it's 90%, 95% is all trade headlines. so when you get a positive one, when you come in overnight we're negative the away markets negative. futures negative you come in here and the market is primed to actually pop. so you want to see whatever wind is blowing wherkt it's positive or nelth that's the way we follow it. rinse and repeat with trade headlines. >> so it's all headlines and tweets >> it's all headlines and tweets and at this point you have to look at technicals because you have a lot of machine trading. but it is really dependent on trade. right? so trade for the day to day but ultimately it's about the fed. if the fed is dovish then the market can remain higher and all these little machinations that we see on a daily basis will be bought when you see a negative trade headline >> lots more with steve. great to have you with us. let's get to our reporters on t

our grant lotus is here with what police are saying tonight grasso scary whenever this happens even if it's a not a random shooting even if it is targeted to those where the bullets could go. police aren't saying exactly what the scenario is here they say they're doing preserve the integrity of the ongoing investigation, but today 2 people that were in this nissan maxima were shot while traveling on eastbound 5.80. it was a car to car shooting just after 12 30 this afternoon along the freeway near 100 64th avenue and the saili and row area technically unincorporated alameda county one person was hit in the hand. another was shot 3 to 4 times in the torso both are considered non-life threatening injuries. the shooting force the chp to shut down eastbound lanes for about 45 minutes as they search for shells and other evidence left on the roadway. >>right now don't believe there's any ongoing. we don't want to jeopardize around. >>severe to say the least chp castro valley now asking anybody who may have seen or who may know anything about the shooting to contact them asap so far this year

square i am brian sullivan in for melissa lee, your traders are tim seymour, karen finerman, tim grasso and guy adami they tried to make a valiant comeback in the last hour. does that mean a comeback of trade war fears may be finally dying down or is it going to get worse from here? a top technician will be here it you think more selling is to come plus the consumer caught right in the crosshairs and the threat of rising tariffs looming and we've got a pair you've got to hear from, former sears ceo allen questrom and tillman fertitta the dow down 450 points in the lows before racing to make a comeback we still closed down 286 points and that's down 1.1% and something, my friend, that has not happened in eight years. the market taking few prisoners today. investors in small caps and they tumbled more than 2% and the crude oil down over 5% and the ten-year yield in its lowest level since 2017 and it's important to remember the s&p 500 is still higher than it was just one month ago the question with all this information and numbers, guy adami, what do we do now >> we say welcome! a handsom

authorities claims that the action was organized to skeer serbian people in cos of our kind of agenda grasso is the spokesman for nato in kosovo we can talk to him now from the capital pristina colonel good to have you with us what's your reaction to what's happening on the border of serbia and kosovo today. ok really what they. were there was a police operation that was for nothing but also police in different police it by loosing calls. these was loud enough for knowing. who are arrest the risk once for all of iraq surely should also consider can show him and the police who we are being just who we lament that these words in the interview nothing said in the event that we said earlier this. and they've been that the u.s. of course there were some things shots of mostly not and some people to use about it. but the situation remained under control and what role is nato playing in easing this tension the course that we have been monitoring the a theory that in their development so that they of course this was a rule of law the issue so it was a specific task though because of the police is no

your traders on the desk are tim seymour, brian kelly and jim grasso >> the tesla sinking 6% to a fresh and karen says there's more trouble under the hood and she'll give us the fine print mark yusko of morgan creek capital is back and he says stocks are in for a double-digit decline this year and he won't believe what he says to buy instead. we start off with the markets lower today as we are in the thick of retail earnings and there's been one key theme amid thes

square i am brian sullivan in for melissa lee, your traders are tim seymour, karen finerman, tim grassothey tried to make a valiant comeback in the last hour. does that mean a comeback of trade war fears may be finally dying down or is it going to get worse from here? a top technician will be here it you think more selling is to come plus the consumer caught right in the crosshairs and the threat of rising tariffs looming and we've got a pa

live from new york i am brian sullivan your traders tonight are pete najarian, tim seymour, steve grassoments falling again in what has been a month to forget? nervous buyers, though, they've been barging into bonds as more and more warning signs crop up into the market, but we have you covered. the top technician mark newton on what to buy now and salima kroft, and that, m

our traders on the desk are tim seymour, karen finerman, tim grasso and dan the top tesla bull and plused on. the stock down 10% and one of our traders looking at the stock right now as we speak, literally right now. he has the details and we start with the fang inferno. facebook, amazon, netf

morgan, steve grasso and guy adami. the market rally is back on. a strong jobs report and there is one chart that could mean record highs are here to stay we've got the details, plus lyft spinning down ahead of its earnings down 13% from the ipo price and is the ipo boom about to go bust but first, it's a jungle out there and berkshire hathaway is going head first with amazon

. >> your traders are tim seymour, carter worth, steve grasso and guy adami.ond meat up 250% since they debuted and the shorts are getting cooked and the analyst is here with the bull case and that's noble and we'll start on what was a wild week for the m

your traders are tim seymour, don grasso karen finerman and g guy.op strategist says it is about to get worse he will explain and we're all over the after hours movers, and and we'll bring you the latest from the conference calls happening right now. speaking of earnings, 75% of the s&p 500 have now reported earnings so talk a look at some

steve grasso joins us good to see you. trade is the topic of the day. what stands out for you? >> this morning when you came in everyone was sort of shooting first, asking questions later. you see one of those inflammatory headlines and everyone wants to run for the door the market has an incredible run. people have been thinking the market's due for a pullback, was looking for this to be the pullback they were pleasantly surprised when you see the market kind of turn on its heels. what turned it china tech these big names that were sold first. they're the poster child for trade. if those names -- let's talk about alibaba. if alibaba, which is up 36% year to date, if that one can turn by the tune of $4 intraday, it gave the market sort of a signal as to the pulse of what trade is going forward, which is a lot more positive than the headlines would have inferred right from the opening. >> so as the sentiment has shifted today, what should people who are still looking to buy the dips be looking at because in fact tech here has been the worst-performing sector and other more defen

joining us for the hour to break down the market action, steve grasso from stuart frankel let's start with the autos we're going to go through every sector but that one's getting hit the hardest. what do you do if you own these stocks >> you have to hold on this is the first day thing. usually i have that three-day rule, when you wind up seeing a market that sells off or rips higher it's a three-day rule let it settle in, see what kind of cooler heads prevail. just see what the market action is next week just hold on tight i would not be a seller of those stocks pb. >> let's get straight to that market action. seema mody watching the movers at the big board phil lebeau has a look at the fallout specifically in the auto sector kayla tausche has what comes next on the trade front. seema, though, let's start with you. >> hey, sara the market reaction really tells you how investors have been trying to position themselves. pulling back on mexico-related stocks, sectors, the etfs. even the peso as i know you've been following has been trading consistently lower across the board. and down 2.