even better. ♪ >>> welcome back to "fast money" live at the nasdaq marketsite.of home depot climbing today after the home improvement chain raised its full-year forecast. the company citing the housing market recovery. but there's concern home depot's stock could soon come under some pressure. let's launch our street fight. grasso is our bull. dan is the bear. both have a total of 90 seconds to make your cases. grasso starkts us off. >> this is an easy one. first off, what do you hear when they report earnings raise and beat? that's what you want to hear out of a stock. yes, the stock chart looks parabolic. but you could have said that a year ago, basically. you want to continue to buy this one. the buyback is still intact. you do get a yield there. how many times have you bet the wrong way on home depot? it's still safe to be in the name. >> you know, those are all great points. i bet against it wrongly a couple times during this run. actually, on a street fight back when the stock was 67 1/2 two months ago. here's the thing. okay? the stock's up 26% year to da

we are live at the nasdaq marketsite in new york's times square.und manager david einhorn has some advice for investors. at the summit investment conference he said do your own work and worried investors about blindly following anyone into a stock. so what metrics do our traders use to find some value? time for a little trade school with our own value girl, karen fin finerman. >> a few things i look for, number one is cash flow. and the metric i use is ebidta minus capex. and that means is earnings before interest, taxes, appreciation, and amortization. subtract out from that the ca x capex. what does it really cost to maintain your business? so that's a really important metric of cash flow. the second one i use is p/e ratio. the market is pretty familiar with that. it's sort of an easy shorthand. so i like to look at that. and then the third one that's important to me is relative to the competitors what's the p/e? that's sort of what gets you to a place to start. i'm not necessarily look for the best -- i mean for the cheapest. i'm looking for the

we're live at the nasdaq marketsite. got some breaking news here.ust learned that john paulson is taking a major stake in william lynn homes. a 10% stake again taken by john paulson. now i'm going to say the statement. i'm sure i'm going to get a lot of flak for this. but paulson has not exactly been on the right side of many trades of late. so do we care? >> in that fund he has. in like the reflation, rebuild america trade, he's kind of nailed that. i mean, he's been in the banks. >> so we do care. >> yeah, look, he's a brilliant guy. not everyone has the best year or two years of their lives right after having -- you know, it's not an easy game. but he's been right about the rebuilding trade. he's owned a bunch of these home builders and banks. so why not? >> let's move on here. shares of winn resorts flying so far this year. revenue growing in both las vegas and macaw. so are the odds in favor of the stock going even higher? we're tackling that question in our street fight today. guy adami is our bull on wynn. b.k. our bear. >> if you watch casin

. ♪ i had no doubt in my nine-day ♪ >>> nasdaq marketsite in new york city's times square. melissa lee. jon najarian, brian kelly, karen finerman, guy adami, and mike kuo. let's get right to the big story "fast" is following for you. the financials the best performing group today and over the past year as well. goldman, jpmorgan, wells fargo multiyear highs. the regional banks also on fire. even c.i.t. group, of course once left for dead, now has government approval to return capital to shareholders, sending the shares to two-year highs. the banks will cash in on a low rate environment by issuing mortgages and they should work in a rising rate environment as net interest margins improve. so is it the can't lose sector? guy adami, what do you say? >> right on. and gerry rafferty to start the night. love that. well, of course it can lose. i mean of course, it can lose, mel. that's a rhetorical question. but it clearly favors the banks. but i think it favors the insurers. take a look at a prudential financial, which has been on fire. i think that's who really wins this. i can'

we are live at the nasdaq marketsite in new york city's times square.been foreshadowing trouble in our own markets lately. and today's session could mean more of the same tomorrow. let's get an early read on the session with cnbc's adam bakhtiar. adam. >> thanks very much, melissa. that's right. we're looking at probably another volatile trading session in japan when the markets open for business in about a couple of hours' time from now. you can see the osaka futures trading with an implied triple-digit decline across the nikkei 225, which is a very tech-heavy market across the board. the market of course has been characterized by huge volatile swings on an intraday basis. and yesterday we finished with the cash market closing at about 14,300. in terms of today's moves, the osaka futures is probably telling us that once again the correlations between the movements in the equity markets are going to be directly correlated to the movements in the foreign exchange. at this juncture the dollar-yen is looking a little softer in the u.s. trading session that

. >>> welcome to the nasdaq marketsite in new york city's times square. i'm melissa lee.ht are tim seymour, steven p. grasso, dan nathan, brian kelly, and mike kuo. let's get straight to the big story "fast" is following for you tonight. bubble watch as markets come off record closing highs. are we looking at a looming breakdown in the areas that were considered safe but possibly bubblicious? take popular dividend plays like utilities now in correction territory officially today. real estate investment trusts, or reits under pressure over the past couple trading sessions.

. >>> live from the nasdaq marketsite in new york city's times square, i'm melissa lee. following tonight. hold gold for one of the biggest gold bulls on the street to one of the biggest bears. the investor who timed gold perfectly reveals the metal's next move. face-o face-off. almost one year after facebook went public can anything send the stock back to its ipo price. our traders square off and settle the score on this battleground name. and land grab. a deeper dive into an under the radar play on housing recovery and the ways you can get in on the action. we're tackling the post-game analysis and setup for tomorrow with dan nathan, brian kelly, karen

. ♪ i had no doubt in my nine-day ♪ >>> nasdaq marketsite in new york city's times square. finerman, guy adami, and mike kuo. let's get right to the big story "fast" is following for you. the financials the best performing group today and over the past year as well. goldman, jpmorgan, wells fargo multiyear highs. the regional banks also on fire. even c.i.t. group, of course once left for dead, now has government approval to return capital to shareholders, sending the shares to two-year highs. the banks will cash in on a low rate environment by

. >>> live from the nasdaq marketsite in new york city's times square, i'm scott wapner in tonight forbble. why one of our guests says it's time to avoid the stocks that have led the rally before it's too late. next frontier. how a $50 smartphone could change the industry forever. stop digging. the gold miners can't seem to get out of a hole, but should the markets trash be your treasure? we're tackling the post-game analysis and setup for tomorrow wour traders theeng. steve grasso, tim seymour, karen finerman, dan nathan. mike kuo.

. >>> live from the nasdaq marketsite in new york city's times square, i'm melissa lee.brown, guy adami, and mike kuo. let's get straight to the big story "fast" is following tonight. will rising yields kill this rally? the ten-year yield rising above 2.1% today's session. no coincidence the leaders of the market rally are also taking a hit at the sam time. take a look at these yield plays. utilities, for instance, having their worst day of the year. what is the bottom line here? are rising yields bad for stocks? brian kelly, what do you say? >> i say yes. >> yes? >> i've contended since the beginning of this that the people who are saying that don't fight the fed and don't want to buy bonds but are buying stocks better be pretty careful because when you look at what's actually happening in the market, one, last week the