it's about -- kind of out near why guy adami lives. if you're not familiar with the area, maybe 60 miles west by southwest of manhattan. a big golf course out there. >> beautiful. >> intersection of 287 and 78. >> route 202, 206. to your point -- >> ringo's. >> he's asking a question. >> donald j. trump, arriving at the donald j. trump national golf course in new jersey. >>> a news alert on facebook. let's get to dominic chu, who is in the news room. >> i have played at least 18 holes of the 36 they have at bedminister, and it is very much an exclusive part of the new jersey area. it's not a golf resort so much as a private golf club. anyway, those shots obviously first and foremost here for the political scene. but facebook shares i'm watching because they're catching a bit after hours. the board of directors authorized $6 billion in stock repurchases. it's going to start the first quarter 2017. doesn't have a fixed expiration date. perhaps no surprise for what many call a growth company that is showing signs of maturity. it's got a $

guy adami, did you buy anything today? >> no. tim used this word, i think the day after the election, that mr. trump will be more conciliatory in a number of different ways. the most meaningful way is mexico. look at name kansas city southern which went from 95 to 81 1/2 after the election. now it's 86. we talked about that last week. interesting. i have not loved the banks, but one bank i have liked a lot for a long time is u.s. bank corp. making an all-time high today. i think both trades still work. >> i think it was your final trade last night, cisco holds sturdy. that guidance last night was obviously really affected by the move in the dollar. he saw a lot of q3 earnings that came in mid-october. since then we've had the dollar index move up 3.5%. i think you'll start seeing that impact earnings. when you get to a certain point, when you look at the ciscos, intel, trading below market multiple, i think they probably work. intel actually also had guidance that was hurt by the dollar. that was a few weeks ago. but so to me i t

guy adami? >> i thought it was too late two days ago. if it's now another 4 or 5%, it's clearly too late. i haven't believed in a bank rally. i have believed in u.s. bancorp. banks are trading like it's the 1980s again, like there's no regulation whatever. they're not going to take away regulation entirely. they may tweak a couple of things. to think they're going to roll back everything i think is folly. people are playing catch-up in a major way, steve can speak to that. valuation will get in the way and we're probably pretty close to that point. >> are we close to fully valued on the banks? in an environment where we've seen rates spike higher. >> i mean, it is nirvana, couldn't be better. you have rates moving the way you want them to, regulation potentially being dismantled, you have a market that's up. you have an economy that's strengthening and you might have some tax reform. it could not be any better. all that having been said, i had to sell some banks, some yesterday, sold some bankamerica upside calls in december. they may al

tim seymour, candlely, guy adami. the s&p 500 top technician says there is more pain for the sector. he'll explain. and bank of america's head of high yield michael con top allows. later, we are covering all the after hours action for wynn resorts and fit bit. those stocks moving. we start off with facebook reporting moments ago, that call kicking off. julia boorstin is monitoring it. facebook shares, we should note, volatile in the after hours session, down about half a percent right now. despite an earnings beat. the stock initially syrininking. this follows a tough day for the tang stocks overall getting hit hard. facebook is, of course, the last of the fang stocks to report earnings this quarter. so can facebook keep growing and is it signalling the end of the tech run? dan nathan, what do you say? >> as far as the move in the after market right now, the stock down 5% from the all-time high it made early last week. so i think it's pretty muted. they came in with a quarter people expected. they hit $1.8 billion mon

tim seymour, karen finerman, dan nathan and guy adami. that man there, peter schiff, euro pacific capital in danger of becoming extinction. >>> and energy stocks pushing the markets to new highs, but dennisgartman saying don't trust the rallies. he'll be here. and the one site that has tim seymour so excited, he won't stop talking about it. what it is and why he's so bullish. >>> the dow, the s&p, the nasdaq and the russell i'll all hitting new highs. should you keep buying stocks at these levels? guy. >> scary, mel. welcome back. we missed you last week. >> good to be back. >> so try to be a little more sincere. >> i missed you too! >> thank you, appreciate that. for me, it scares me up here without question. i've been scared for months now. i'll say this. the key has always been, in my opinion, the russell verifying this move to the up side in the s&p and over the last couple days it has. so iwm continues to trade above 130, i think it's okay. sectors you want to still be in we have been steadfast, defense stocks continue to work. we ta

your traders on the desk, tim seymour, david seaburg, guy adami. michael moore is hire to talk election 2016, including why he thinks donald trump will win tuesday. and biotech bouncing today but getting crushed in the last month and if history is any indicator, could be setting up for a major breakout. and oil having its worst week since january. a top technician suggests it's time to buy. he is here with his contrarian call. first we start with the calm before the chaos. the s&p posting a nine-day losing streak. and the s&p down about 3% in that period. which all things considered, isn't that big a drop. with the election next week, no matter who wins, is this just the calm before the market chaos? bk, i start off with you? >> you know bk loves chaos. >> that's why i started with you. >> here's why i look at it. i think up until about a week ago, up until we had the fbi report, the market was pricing in a hillary clinton win. so what the market has done over this week has started to take that probability down. i thought that you would get a sell

pete najarian, brian kelly, dan nathan, and guy adami. fast the huge run in small cap stocks just took a breather today. but a top chart expert says the run has much more room to go. plus, the hedge fund manager to called oil's plunge to $30 is back with an even bolder call ahead of the opec meeting this week. he'll be here. later, it is the ultimate throwback trade. the market is partying like it's the 1980s all over again following trump's win. we'll tell you the names that could soon rally off this retro trend. first, we start off with the

tim seymour, steve grasso, guy adami. the man who called the selloff says buy and buy now.lish. >>> and the one stock that should be soaring this election, but isn't. we'll tell you what it is and why one of our traders think it's a buy. >>> and againis gartman says it's a perfect buying opportunity. but first, we start with a remarkable rally on wall street. the dow, s&p and nasdaq all up

and fast money trader guy adami.is here this time. >> come on. >> we appreciate it. >> that was a shot. it was a direct hit. >> i turn to you. walk us through what happened today. >> i was at my desk and the dow was down. the election sentiment creeps in just about a week away. >> washington post poll comes out and shows trump with the lead. >> and the peso moved. the vix through 20. everyone is certainly on edge here. people are looking for perhaps to position themselves prior to the election. overall economic conditions haven't changed that much. >> although i see these numbers starting to cross. let me mention you can look at auto sales figures which is way better than expected. the manufacturing this morning would fit into the rising rates. >> it will give us an opportunity that we will see similar sort of reaction to brexit. that is that the market has a bit of a swoon after the election regardless of which side wins. that is a buy because nothing has fundamentally changed. i think the buy will look very good on

again, to guy adami, gopro or fitbit?egas sands. >> i'm not listening to you. >> fitbit to me, it traded down 30 something percent on monster volume. there is a shot at capitulation in fitbit. i don't think you've seen it in gopro. playing the game, fitbit. >>> we'll hear from starbucks' ceo howard schultz on the strength of the consumer. you're watching "fast money" on cnbc, first in business worldwide. hing? it's a great school, but is it the right the one for her? is this really any better than the one you got last year? if we consolidate suppliers what's the savings there? so should we go with the 467 horsepower? or is a 423 enough? good question. you ask a lot of good questions... i think we should move you into our new fund. ok. sure. but are you asking enough about how your wealth is managed? wealth management, at charles schwab. we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a fi

dan quaker nathan and guy number one, because you're older, not because you're better adami. tonight on "fast money," shares of cisco shrinking after hours. the stock reported their numbers. we're going to hear from the ceo on what drove the quarter and what's ahead. plus, president-elect donald trump promising to cut taxes. so our traders show you how to make even more money from your tax cut. >>> and later, snapchat on its way to what might be a $25 billion ipo. will investors be as excited about the stock as users are about snap's new spectacles. we've got the specs right here to see. we're going to find out what all of the fuss is all about. that's all ahead. >>> all right, everybody. welcome. we start with the markets and your money. looks like the trump bump may have been dumped. like that? the dow falling just a bit. much of it had to do with fears of this, the dollar index. at its highest level in more than 13 years. here's why you care. the huge amount, 44% of sales from american companies come from outside our borders. thus, a stronger dollar, could hurt u.s. multin

i'm watching guy adami and i'm thinking, hold it, he's got my playbook. >> he does. >> just put out myybook right now. but yes, it's defense stocks. guy, you're absolutely right. lockheed martin. and then infrastructure. because when you look at the platforms, when you listen to them speak, this -- it's almost as if these are two things that they got in a room and said, can't we agree on these, and they say yes. so i've got more ideas, but i love your show, and i love how you're approaching this. >> we like the playbook so far. we've been talking about it. are there any lose-lose sectors, jim, a bipartisan issue that could target a sector to the down side? >> well, you know, i do think that -- it's difficult to try to identify anything that people really hate here. but, you know, i've been doing a lot of work and i'm not even going to finish my work on the pharmaceuticals. they're such easy, easy targets. and nobody likes how much the drugs cost. everybody in the world can beat up on them, melissa. but they are obviously not anything i'm going to recommend tonight. but i do find a coup

pete najarian, karen finerman, guy adami. shares of gilead. what does it mean for the biotech bloodbath. we've got the details. and elon musk speaking to investors right now about his planned acquisition of solarcity. phil lebeau will bring the latest. and apple taken to the wood shed on worries of the mac pro and iphone 7 sales. >>> first, we start with the big selloff on wall street as we are one week away from the u.s. election. the dow down as much as 200 points at the low. the s&p 500 closing at its lowest level since july 7th. and the nasdaq locking in its sixth straight day of losses for the first time since april. you have the vix soaring, gold jumping, high yield down in the last six and small cap stocks getting hit the hardest. so are election fears finally taking their toll on the market? are things only going to get worse? ahead of next tuesday? guy. >> things only going to get worse. that implies the market continues to sell off. i'm not convinced it's election fears. we're going to have that conversation. to me, more technicals.

pete najarian, brian kelly, dan nathan, and guy adami. tonight on fast the huge run in small cap stocks just took a breather today. but a top chart expert says the run has much more room to go. plus, the hedge fund manager to called oil's plunge to $30 is back with an even bolder call ahead of the opec meeting this week. he'll be here. later, it is the ultimate throwback trade. the market is partying like it's the 1980s all over again following trump's win. we'll tell you the names that could soon rally off this retro trend. first, we start off with the trump rally taking a pause today and a big part of that was because investors rang the rangstrang st register in stocks. is it time to take profits in this group? guy? >> let's talk about two names. good to have you. hope everybody had a great long weekend. >> happy gobble gobble turkey day. >> welcome to monday. the short answer is many of these names, yes, and we talked about this last tuesday. two names specifically. look at j.w. nordstrom. look at the move its had since the middle of t

guy adami, we start with you. >> great to have you tonight. listen, can the trump rally last? i'm no raging bull by any stretch of the imagination. the iwm, what is left to buy? i have not been bullish banks, one is u.s. bank corp, but these banks will continue to rally. >> among the banks hitting new highs today. >> all-time high. but u.s. bank corp, all-time high. also trades to two times book as opposed to bank of america, citicorp, 80% of book. can they rally? yes, because people that put these things on the shelf for the last eight years are now piling in. defense stocks continue to work on the industrial front. tim can speak about mining names. i think in certain sectors, they work. but can the banks continue to rally, yes. >> keep riding the rally? >> what i like the rally, guy talked about financials, industrials. those were the early bloomers. but now we have great housing numbers today. i added to my kb homes, pulte homes. housing can run. >> even with rates. >> even with rates. when -- every housing recovery has been with rates rising. so everyone has been afraid of

guy adami. >> no is the answer to that.tocks, i mean, american express is interesting. it's up, but he got into american express a long ways back and that has not worked out. my sense, he's still under water with that one. the last quarter american express one of the best they have had in the last couple years. i think that's interesting. in terms of u.s. bank corp, that's wunl one bank i've liked for a long time. are they going to be bffs? absolutely not. is mr. trump going to help the stocks justified named? probably yes. >> if you look at some of these stocks, and reminding, looking at a quarterly filing from september 30th, no indication on where the positioning is now. you shouldn't be buying airline stocks when you hear that based on a september end. having said that, the airlines were already starting to run well before this election. he wasn't having a trump kind of man hug in the airline sector based upon something trump has done. i think the industrials have gotten a boost but airlines were cheap and trading on re

tim seymour, steve grasso, guy adami. the man who called the selloff says buy and buy now. what has him so bullish. >>> and the one stock that should be soaring this election, but isn't. we'll tell you what it is and why one of our traders think it's a buy. >>> and againis gartman says it's a perfect buying opportunity. but first, we start with a remarkable rally on wall street. the dow, s&p and nasdaq all up 2% on the expectation that hillary clinton will capture the white house tomorrow. it is the best day for stocks in eight months. but the question here is, are investors getting ahead of themselves and should you sell this election rally. guy, what do you say? >> i'm inclined to say you fade this move because it takes us back to levels in may of 2015. this is a 2130 level. what was support becomes resistance. and does that mean it can't trade another ten handles higher? if she wins, people will say she might not be as friendly towards the market as a mr. trump, for example. and i think this rally we saw gets faded. >> and brings us back to where a week ago when we had t

guy adami, the biggest question people have is, why did the market get this wrong? >> well, i -- completely -- listen, i know i got it wrong. i didn't see any path for victory for him. one of the things he said was a trump victory, if it were to happen, see an immediate soften in the market, 24 in the s&p. we got that part right. i was on the network around 2:15 in the morning, at the trough of the market and i thought it was going to extend its losses 100% categorically, continue to go lower. why it reversed and closed on the highs today is a bit of a mystery to me. some of the sectors we did talk about, pete can speak to the banks. look what happened to some of the industrial names. look what happened to defense stocks. i think those continue to go higher from here. >> well, i mean, guy, i'm guessing it was a combination of a couple things. one is that conciliatory speech which began to offer in the predictability. probably most important is this full sweep. so suddenly, i've got economists in my mailbox this morning saying we're going to upgrade gdp because we th

and cnbc fast money trader guy adami. it's good to have everybody here. what about the fact -- there's two different narratives today. one is stocks took a pause, the other is holy cow the russell. >> they're both equally valid. the russell, that streak, now, look, there's always a. this shows you strong the rotation into certain areas has been. leading into the weekend prior the election, the s&p 500 was down nine days in a row. that's a rare streak. it shows you how defensive, how underinvested people got. now they're back in. now the bond market sell-off has really prodded money from bond proxies into other areas. i think the leadership profile of the stock market looks pretty good with the banks, with the cyclicals, with the semiconductors. do we have enough stored up. >> and to see what happens with the yields. so again, just everybody is aware, the ten-year benchmark yield hit a high of about 2.35s are. it's a little bit below that right now. these are huge moves. >> yeah. >> the question is do they keep going? >> i think they do. i think through th

fast money trader guy adami is with us as well. good afternoon, everybody.ike, there's a lot happening just outside the stock market today. the dow is at 2,003. >> stock markets just trying to digest the gains. some groups got a little too far ahead of themselves like the banks, they are backing off a little bit. but it is a big question about the dollar and whether a continuing rise in the dollar is going to be viewed as a de facto global financial tightening. the merging markets are kind of seeing it that way, the oil markets holding up. it's not so much it's disrupting the capital markets activity, but that is going to be one of those questions. to me it feels a lot like early july after the big surge of the brexit selloff. then the market kind of settled down, it lulled sideways for a while. it didn't have an oomph to get to the ultimate highs. >> how are you reading it, dennis? >> oh, it's sort of a tightening mechanism, and there's the fed itself which, by all accounts, by all market accounts, they're going to be doing the same in december. it's only a

your traders on the desk, tim seymour, david seaburg, guy adami.oore is hire to talk election 2016, including why he thinks donald trump will win tuesday. and biotech bouncing today but getting crushed in the last month and if history is any indicator, could be setting up for a major breakout. and oil having its worst week since january. a top technician suggests it's time to buy. he is here with his contrarian call. first weta

and for more on today's market action we are joined by fast money trader guy adami.e, where are we? yesterday's rally on top of today's. what does that signal about what happens tomorrow? >> i think the market has obviously been incrementally taking back some of the losses of the prior nine-day losing streak when it looks to be in more doubt. you can see we are matching right up. i think thearket is pricing in what the probability suggests is the outcome. we are basically trading where we were october 11. we thought we were in this range and nothing was going to disturb it. i think we are back there and probably if it goes as the market expects we have another rally attempt tomorrow. >> in terms of politics before the fbi new letter to congress and the trump started surging again. >> there was a bit of a scare to get this trump shock. we are taking back that probability. >> i grew up believing while none of us knows what is going to happen that is until the brexit vote happened and the market missed the polls ahead of time. all bets are off. the level of complacency

tim seymour, karen finerman, dan nathan and guy adami. schiff, euro pacific capital in danger of becoming extinction. >>> and energy stocks pushing the markets to new highs, but dennisgartman saying don't trust the rallies. he'll be here. and the one site that has tim seymour so excited, he won't stop talking about it.

guy adami, we start with you. >> great to have you tonight. listen, can the trump rally last?etch of the imagination. the iwm,