i'm melissa lee. tonight, top analysts will tell us two names to set off new moves, one good and one bad. an one sector of tech is ridiculously overpriced and could spell trouble for the rest of the market. how to protect your portfolio. and it is market nirvana. and after a good but not too good jobs report. and mark kelly, was this good? >> look at what happened to bonds at the end of day. we start at the utilities, they reversed and closed on the lows or near the lows and to me that says that the market is still pricing in at a steeper yield curve which is bad for utilities and good for financials. i think the rally today in general is what the kids are calling fomo, fear of missing out. i don't know if it continues. i'm skeptical on it. what is the right thing to do is take profits on days like today. >> and you said you thought the markets were complacent, the same fomo. >> yeah. i think there is a lot of complacency in the market. and i like at the index it is at all time highs. i think people a

. >> melissa lee, what do you have on top? >> we have a big show. have you noticed the markets haven't done much lately? it means something. we'll tell what you it is. >> "fast money" starts right now. i'm melissa lee. tonight on "fast", the dow is doing something it has not done in a hundred years. we'll tell what you that is and what it means for stocks. plus a major twitter shareholder says he has got some suggestions on how to fix twitter. we have our own suggestions and, warning, it might not be as nice. transports underperforming the broader markets in the largest divergence in history. does this spell trouble for the markets? what's notable is we haven't seen a bounce. >> the transports topped out in late november, early december, made a bounce a few times until recently and then it fell off the cliff. does it spell trouble for the broader market? it hasn't yet. people say the weakness in the transports is because of the airlines. the latest weakness in the transports is because of the airlines. the rails started to come unhinged, you had fed

melissa lee, what's going on? >>> one chart, five words, the great ketchup trade. >> i think i heard train. straight over to you guys. >> thanks kelly , "mast money" starts right now. i'm melissa lee. traders are tim seymour, steve grasso josh brown and guy adammy. tonight on fast oil's massive spike, crude soaring back above 60 bucks a barrel ghu is this the real rally on deck? next week with the kickoff to opec, a top energy analyst weighs in. plus billionaire investor paul singer says now is the time to get against treasuries. will he get burned like so many before on his next big short? first to the story rocking the street bristol-myers tanking, more than 7% on data released from asco that could send drug company stocks plummeting. don chu has more on this developing story at headquarters. don? >> we're getting back some of the big losses in the afterhours. right now it's up 34 cents, about a half percent. it's gotten back on 176,000 shares of volume but bristol-myers squibb tumbling today on disappointment o

i'm melissa lee. tonight, yelp wanted. it's putting itself up for sale. we'll tell you who the buyers could be. could a jobs report blow up the rally in stocks. there's a stern warning for anyone invested in the market. and biotech bonanza. why next one could be the most crucial one. first we start off with the land of confusion. stocks rebounding as rates and oil fell hard. what do investors need to watch to gain clarity. we asked traders give us one thing they are watching the market. >> the thing that stood out the me was a huge reversal in the bond market. you had yields in the ten year touched up to 2.31%ish. 2.25 being a key point. today you saw the bond market rally pretty hard with yields going back down. i still think yields head lower. tomorrow's numbers will be critical. the fact that tlt reversed as strongly as it did closing above 122 and change. >> with the markets reversing as well. >> yes. >> that's actually the important point. right? i also look at rates but i look at the german bonds, the german bund which had a massive reversal. the re

shrinking like your age, tim. >> and i do believe that this cake was from baked by melissa. >> wow. >> melissa leemelissa. >> the company. >> i thought it was melissa lee. >> i am totally touched and this is like throwing the discus here. >> don't eat it all at once. >> make sure we have no more kids now. >> and make a wish. thank you very much. it's a pleasure. >> happy birthday tim. >> it's a pleasure to be here celebrating my birthday on "fast money." >> yeah. i like that. still ahead, crude is up again today while airlines get hit. will the rally in oil prices derail the rally in airline stocks? we're going to talk with top analysts who are still seeing big opportunity in this space. that is next on "fast money." >>> airlines up 1%. check this out. since the airline etf hit a 52-week low back in october, it's up 34%, seemingly benefitting from lower oil, which is down 29% during that time frame. since oil has rallied, it's much lower, the airlines have held up pretty well down only 4%. jamie baker senior analyst, what do you make of this? why do you think they haven't reacted more negatively?

"fast money" is coming up in moernlgs melissa lee what's on tap? >> i want to know what ari gold has against jeremy piven? we have suntrust, ahead of that earnings disaster. we got him on. >> very closely watched move that one. can't way. over to you guys. >>> "fast money" starts right now. overlooking new york city's time's square, i'm melissa lee. tim seymour, dana jerrian, steve grass so, why stocks will go 1 trillion sooner than you think. >> that analyst will join us in our call of the dauda. first, while are you worried about the late-day, the next great trade could be taking place as we speak. an under cover rally, morgan stanley, goldman sachs helping to push the broker dealer a new 52-week high at the session. could banks be your best bet? you have been on this trend a while. >> i have been on it. i think goldman sachs pushed against it today. now eventually it will get through there. the first, fourth time, fifth time, whatever it might be. morgan stanley as well moving to the upside. you look at these financials, go down a little further

i'm melissa lee. tonight on fast you might want to press that flight attendant button. one of our traders says the sell off is the perfect buying opportunities and explain why. plus thousands of protesters are pushing for higher wages at mcdonald's but there's a bigger problem for the golden arches. the sales call first getting under way. we go live to san francisco to listen in on the call. but first let's trade that move in sales force here on the desk. it's moving higher in the after hours. dan. >> the actions market was implying 4.5 move. it sold off 10% after the highs after there was chatter there was a deal or the company was fielding deal offers. the sentiment had come in a great deal. i suspect they will sell this. the company said they won't comment on m and a here. that's the reason to own i want at this point. very expensive stock. did raise guidance for the next quarter. the guidance for the full year is in line. i can't find too many reasons right now to own it other than you think there's a $55, $60 billion deal coming. >> on valuation it's ridiculously e

i'm melissa lee. traders are dan nathan, brian kelly, karen finer man and steven bros so he. tonight on fast, go pro revealed their new product. we'll hear from the ceo. plus, google and show me are making moves into google's core business. we'll ask the top analysts who might be on the fence there. >>> first, the developing story on general motors. morgan stanley has some comments having some investors wondering if a mega auto deal is in the works. phil lebeau has the story. phil. >> it is the chatter of the industry, melissa. the comments in italy where there was an event where they were at a plant for fiat chrysler. he was asked whether they might be part of a merger in the future. here's what he said to reporters today in italy. it's absolutely certain that before 2018 there will be a merger in the auto industry. it's my personal opinion based on a gutt feeling. so it brings up the question, is it possible that fiat chrysler and general motors could get together. remember, there was the report in "the new york times" just last weekend that marcionne had e-mailed and broug

melissa lee has the half. ♪ ♪ >> welcome to the halftime report, i'm melissa lee, jim lebenthal, jon pete that jerian and michael bloch. tasty stock, yum brands is on a tear. investors wonder whether a spinoff is in the works. real or fake, we brought you the debait over avon takeover. we begin with the markets, all-time highs are stocks poise for a breakout or is this a fakout? josh brown what do you say, it seems like we hit these levels and started to stall out. >> soy think it's going. but let me start by saying that the consequence of this not being a breakout here is really not the end of the world. we've been rangebound. this has been the upper end of the range going back to i think the week before thanksgiving. we fell to this level several times. if it happens again, not actually the worst outcome. however i think if you look at the pros versus cons here, still support a breakout in this range finally. for starters, this has an international basis. i mentioned this to you the other day. vgk breaking out, vanguards europe etf, very broad. efa, the msi efa index. breaking out.

melissa lee, what's on tap? >> we're at records. what are the three stocks that are going to take us higher are? carton braxton worth will be here naming names. >> three stocks to take us higher. on that note we'll send it straight over to you guys. >> thanks, kel. "fast money" starts now overlooking new york city's times square. we have pete, gary, guy. tonight on "fast" why paying $127,000 for a tesla means you might have problems opening the door to get inside. a special report who called the all wheel drive vehicle, quote, undrivable. plus, the dow may have hit a new record today but we'll tell you why dow 20 k is much higher. we start with the news of the day. one of the world's biggest investors, carl icahn, taking to twitter saying it's worth almost its double ant. should be trading at $240 a share. here's a crazy stat. we crunched the numbers. carl has made $3.2 billion on apple. that is 40% of what steve jobs was worth at the time of his passing. to the letter, he uses an 18 times multiple on fiscal year 2016 earnings. he n

melissa lee has the half. ♪ ♪ >> welcome to the halftime report, i'm melissa lee, jim lebenthal, jonchael bloch. tasty stock, yum brands is on a tear. investors wonder whether a spinoff is in the works. real or fake, we brought you the debait over avon takeover. we begin with the markets, all-time highs are stocks poise for a breakout or is this a fakout? josh b

. >> i'm melissa lee, thank you for watching. check out the web site. have a safe, fun memorial day weekend.

fast money starts right now ma aim melissa lee, tim see more, david seeberg david kelly and stave brasso joins us. netflix topping $600 for the first time. we've got the real deal on the next catalyst that could take the stock higher. plus the fade to black. no we are not talking the rally in stocks. we are talked the end of the madmen era this weekend. it turns out the show is good for much more than drinking and ad stales. if you had listened to don draper you could have made big money. >>> first, filings. >> the biggest and best investors are buying or out of, let's get the latest on the 13 f filings. >> the latest one, david einhorn green light capital. notable moves, new positions being reported in general motors. 9.5 million shares there. another consumer theme, macy's about 1.7 million shares. then -- bank of new york melon. ingram micro. [ audio problems ] 7.4 million shares. marvel technology, emc and time both there. kettle metal and green dot completely out of those. einhorn, one notable trade we want to talk about here is that and alley baba. interesting moves. dan lowe at th

melissa lee from miami. we enjoyed that. guys did you know he's -- mr. is very popular with potential presidential candidates. jeb bush was asked who he would bring to the baseball game? he said teddy roosevelt and pitbull. >> i thought it was interesting that he called out jay z and title positively. a number of artists have criticized the prices that jay z was trying to charge for a title subscription, 10 and 20 bucks per month. but he said that -- he said that the music industry should have partnered more with jobs and should have bought napster. i guess pitbull at 34 years old has a different generational perspective on some of these things than others who criticized jay z. >> i'm puzzled by the vodka thing. >> you're not going to buy the fragrance? >> everyone has a vodka. sammy hagar he had a vodka. >> it is vertical integration -- >> it's a lifestyle brand. >> simon listens as the disco discotheques as he would say. >> they don't have discos in europe. >> they only call it in europe. we have a lot more ahead from the emerge america's conference. d

thanks, for watch, i'm melissa lee. check out "options action"@cnbc.com. check out our segment pence "fast money." meantime, "mad money" with jim cramer starts right now. >> announcer: the following is a paid advertisement for the revolutionary 21 day fix, brought to you by beachbody. >> thank you! [ laughs ] hello there. i'm tom bergeron, and this show is about transforming how you look and feel, starting right now. >> announcer: are you struggling right now to lose weight? >> i've struggled with my weight my entire life. >> i really want to... lose this. >> i didn't want to walk down the aisle weighing 220 pounds. i need to do something, and it needs to happen right now. >> announcer: now there's a breakthrough new way to lose those pounds and inches, and it happens in just 21 days.

. >>> live from the nasdaq market site i'm melissa lee.stocks are higher which sector will lead us? mike, what are you looking at? >> we talk a lot about rates. worried about rates, one place you don't want to be is utilities. want place to be in financials. don't want to be in mlps and reits. the way to look at this. we have stock valuations, trading at our above historical highs. not good for the whole market. you have to be selective, i think. >> cautious over all markets but bullish in certain sectors that will benefit from higher rates. all consequential wisdom. >> happened on a week, saw the tlt, bipartisan clais treasury bond index, 4%. mattive move. the fed wednesday. could have flipped a coin, dovish than hawkish, one way or the other. the market is speaking. utilities, an interesting sector. saw that break out into the end of the year. got expensive, relative to the s&p, relative to historical value but came in early in the year and hasn't bumped since. i -- budged since. interesting. repositioned looking at sectors and speaks to

i'm melissa lee. check out optionsaction@cnbc.com. check out our segment inside "fast money." meantime, "mad money" with jim cramer starts right now. >> announcer: the following is a paid advertisement for omax3, brought to you by prevention pharmaceuticals. today on "medical discoveries," you'll find out why you should stop taking your store-bought fish oil. doctors everywhere are recommending americans take fish oils daily because over 8,000 clinical trials support what have been called miraculous health benefits. so, why aren't you seeing the benefits from your store-bought fish oil? coming up, you'll discover the truth about potency, purity, and the missing-link ratio between epa and dha that researchers affiliated with yale university have discovered, which is the key to unlocking all of the health benefits of omega-3 fish oil. you'll also be introduced to a specific formula called omax3 ultra-pure, used by pro

i'm melissa lee.heck out the web site and also, of course, check out our daily segment "inside fast money." see you back here next friday at 5:30. 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 right now. welcome to "mad money" and i'm trying to savia a little money. my job is to save you money and educate you. so, call me or tweet me at jim cramer. if you didn't know any better, you might think the federal reserve should be cutting rates

. >> i'm melissa lee, our time has expired. see you back next friday.mad money" starts now. >> announcer: the following is a paid presentation for the worx air, brought to you by worx. prepare to be blown away. [ whirring ] you're not looking at an ordinary blower. there's no cord. there's no gas. it goes where no other tool could ever go, does things no other tool could ever do. it finds every kind of dirt in every kind of space... and makes your whole home cleaner in just minutes so you get to spend more time enjoying it. the incredible worx air -- so versatile, you'll wonder how you ever led

i'm melissa lee, for more, check out "options action" web. >>> my mission is simple, to make you moneyi'm here to level the playing feel for all investors. there's always a bull working somewhere and i promise to help you find it. man "mad money" starts now. hey i'm cramer. welcome to "mad money." welcome to cray america. other people try to make friends i'm trying to make you money. my jot no only to entertain you but to he had katy and teach you. call or tweet me. this market has to be experienced the single most debilitating rally i've ever seen. we keep going higher, but higher with different oc

i'm melissa lee. our traders tonight are tim seymour, steve grasso, guy adami. just over 24 hours until the fight of the century and we are going live to the heart of the action in vegas, the official weigh-in, about to happen in a matter of moments. the president and coo of mgm resorts joins us live from inside the venue. >>> plus, tesla energy launching with i charge, but will the real electricity come from earnings next week or is the stock about to burn out? >>> first, we start out with the majorit market, because it was a case of the good, the bad and the ugly for the stocks this week, the s&p closing out in negative territory and rising rates and higher oil gripped street, the ten-year yield above 2%, oil hovering below $60 a barrel. let's kick it off with the good. tim? >> the good, the bad and the ugly movie, clint eastwood, one of the best, great soundtrack. copper this week. if you look at what -- can we stop with the music? i mean, it's tough for me to concentrate. copper to me, if you look at all the base commodities, especially of the industrial met

i'm melissa lee. check out the web site and also of course, check out our daily segment "inside fast money." see you back here next friday at 5:30. 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 right now. welcome to "mad money" and i'm trying to savia a little money. my job is to save you money and educate you. so call me or tweet me at jim cramer. if you didn't know any better you might think the federal reserve should be cutting rates instead of raising them. the data for every industry i follow is coming up short but that time same it's become a matter of when and not if which is exactly why the dow tumbled today. and nasdaq climbed. with our country's exports being severely crimped by some but our early read from everything today, to declieng consumer confidence suggests a startling decline in commerce in the last five weeks. ia don't raise interest rates into oo faultering economy

. ♪ >>> live from the nasdaq market site, i'm melissa lee.uestion tonight is simple, if stocks are going to go higher, which sector is going to lead us? let's get in the money and find out. mike, what are you looking at? >> well, you know, i think we talked a lot about rates, and if you're worried about rates, then one place you definitely don't want to be is utilities. one place you probably do want to be is in financials. you don't want to be in mlps and reits. i think that's basically the way you have to look at this. and you know, we have stock valuations i think trading at or above their historical highs. so, if rates are going to be rising in general, that's probably not good for the whole market, so you really have to be fairly selective, i think. >> so, cautious overall the markets, but bullish certain sectors that would benefit from higher rates. this is all conventional wisdom, though. >> this is funny. it happened on a week, we saw the tlt, the barclays 20-year treasury bond index, up 4% this week. that's a massive move. we had the

overlooking new york city's time's square i'm melissa lee.why stocks will go 1 trillion sooner than you think. >> that analyst will join us in our call of the dauda. first, while are you worried about the late-day the next great trade could be taking place as we speak. an under cover rally, morgan

i'm melissa lee.l tell us two names to set off new moves, one good and one bad. an one sector of tech is ridiculously overpriced and could spell trouble for the rest of the market. how to protect your portfolio. and it is market nirvana. and after a good but not too good jobs report.

pitbull sound, off, our melissa lee is there live with a social guest as well, melissa. >> yeah, mandy, so much. you can see the crowd behind me. pitbull, as much as you may know armando pitbull, of course, he considers himself an entrepreneur. which is why he is here at emerge america 2015. there are so many start-ups here including the one here on set. we happened to meet here on the convention floor. it's amazing, explain what it is, this could replace and remove the need for needles for the medicine. >> technology is completely needle free. there are a lot of patches on the market with microneedles. what we are looking to do for insulin, this is what one week of insulin supplies looks like right now. with our technology, we will make it a simple needle-free patch that will last a week. >> as soon as you start this interview, they are pumping up the music. >> they are excited, too. >> in terms of where this is in testing. there is sort of an unknown factor. what do have you on funding for this? >> we have raised well over a million dollars. with a little more funding, we have to tal

. >> i am melissa lee, thanks for watching.see you tomorrow at "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. methamphetamine "mad money" starts now. >> hey, i'm cramer. welcome to "mad money." welcome to cramerica. my job is not just to entertain you, but to educate and teach you so call me at 1-800-743-cnbc. the fed is about to raise rates. is that why the dow plum

. >> i'm melissa lee. thank you for watching. see you back here tomorrow. don't >>> 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. i promise to help you find it. "mad money" starts now. >> hey i'm cramer. welcome to mad money. welcome to cramerica. my job is not just to entertain but to coach and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. i love it when i can pit the airlines against each other and get lower fairs but as an investor competition is the bain of profits and the scourge of stocks. as we found today when the transports were clubbed for nearly 2% loss. but the nasdaq gaining 0.3% yet the key dow jones transportation average got smashed today courtesy of too much competition. competition in the airlines. see the transports they can cast a long shadow if not a paw over the entire stock market as they did for most of the day until the fed minutes were released to 2:00 p.m.. they showed there were no plans for an imminent rate hike. the transport

. >> i'm melissa lee. thanks so much. it's been fun being at the emerge america's conference. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there is always there. "mad money" starts now. >> i'm cramer welcome to "mad money. welcome to cramerica a. my job to teach and educate. all or tweet me at jim cramer. what did we rally today? it the warren buffet halo the recognition maybe the world is doing fine or the percolation through the market or perhaps the dollar peaked and we're through with the dollar-related estimate cuts or that we have a huge amount of interest in high gross stocks by positive news flow. that would be something new. responsible for the dow's 46-point gain and nasdaq .32% add a vance. which one? no, it's a combination of all three. buffet, the dollar top and high growth, the best back to back days since february. let me parse today's session and help you make sense but out of respect to the annual meeting this weekend, let's start by why it's worth bot

melissa lee, what's on tap? >> we're at records.ing to take us higher are? carton braxton worth will be here naming names. >> three stocks to take us higher. on that note we'll send it straight over to you guys. >> thanks kel. "fast money" starts now overlooking new york city's times square. we have pete gary guy. tonight on "fast" why paying $127,000 for a tesla means you might have problems opening the door to get inside. a special report who called the all wheel drive vehicle, quote, undrivable. plus, the dow may have hit a new record today but we'll tell you why dow 20 k is much higher. we start with the news of the day. one of the world's biggest investors, carl icahn, taking to twitter saying it's worth almost its double ant. should be trading at $240 a share. here's a

. >> melissa lee, what do you have on top? >> we have a big show.haven't done much lately? it means something. we'll tell what you it is. >> "fast money" starts right now. i'm melissa lee. tonight on "fast" the dow is doing something it has not done in a hundred years. we'll tell what you that is and what it means for stocks. plus a major twitter shareholder says he has got some suggestions on how to fix twitter. we have our own suggestions and, warning, it

you have to wonder if the analyst is late to this one. >> all right, melissa lee.we wrap up street talk on a tuesday. meantime, i'm sure they will talk about it on fast money. netflix surging and they have a big time upgrade. the analyst there more than doubling his price target to get this $722 a share. that much upside really in the cards on netflix. let's bring in the trading nation team. they specialize in options. head of equity sales trading. david, netflix is up 66% this year. you have a great analyst team as well. what do you say? >> look it had a massive move and the momentum is there. this stock hassed the potential of $750. over the next five years, two to three trading. they have the u.s. numbers are tracking and been in the last year. the international numbers are off the charts and tracking very well. content is am can be in superior. they are looking at double that over the next year or so. pritsing power they have which is something that i think is key here. if you do it back in the envelope here let's make the assumption they can get you 150 millio

. >> i'm melissa lee. thanks so much for watching. don't go anywhere "mad money" with jim cramer starts right now. starts right now. >>> my mission is simple to make you money. i'm here to level the playing field for all a 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 a. call me at 800-743-cnbc or tweet me @jim cramer. too many of everything. that's right, too many of everything in the stock market and real economy so when we call the weak and let the strong survive, when we merge companies to eliminate over capacity we go higher like we did today with the dow and s&p closing at record highs. s&p add avancing and thank you carl icahn and apple. he tweets stock goes higher. hardly a day seems to go by without a deal of some sort a takeover because the ceos in this country are well aware of the over capacity problem in almost every single industry we follow. today for instance we learned that the publicly trad

. >> melissa lee. what's on "fast money" tonight? thank you, jane. >> the ceo of shazam. we have got him tonight. >> that's cool. i'll know what he's saying. thank you very much. "closing bell" starts right now. >>> hi and welcome to "the closing bell", everybody. i'm kelly evans. >> and i'm bill griffeth. stocks modestly higher but only modestly. the s&p is on track to close at a new all-time high. that would break a two-day losing streak. as for the dow, it's higher for the fifth time in six trading sessions, although we're still a few points away from a record close for that one. the nasdaq is finally in the water, trying to end at a new high as well. that's something we haven't seen from that index in nearly a month. coming up over this next hour at least, much more about this market and what's moving it, or not moving it these days. >> also fed chair janet yellen she's already required to appear before the house and senate twice each year to test a monetary policy. apparently that's not enough. coming up, house financial services committee chair jeb hensarling to exp

i'm melissa lee. traders are dan nathan brian kelly, karen finer man and steven bros so he.o pro revealed their new product. we'll hear from the ceo. plus google and show me are making moves into google's core business. we'll ask the top analysts who might be on the fence there. >>> first, the developing story on general motors. morgan stanley has some comments having some investors wondering if a mega auto deal is in the works. phil lebeau has the story.

melissa lee, what's going on?ve words, the great ketchup trade. >> i think i heard train. straight over to you guys. >> thanks kelly , "mast money" starts right now. i'm melissa lee. traders are tim seymour, steve grasso josh brown and guy adammy. tonight on fast oil's massive spike, crude soaring back above 60 bucks a barrel ghu is this the real rally on deck? next week with the kickoff to opec, a top energy analyst weighs in. plus billionaire investor paul singer says now is the time to get against treasuries. will he get burned like so many before on his next big short? first to the story rocking the street bristol-myers tanking, more than 7% on data released from as

i'm melissa lee. tonight, yelp wanted. it's putting itself up for sale.e. could a jobs report blow up the rally in stocks. there's a stern warning for anyone invested in the market. and biotech bonanza. why next one could be the most crucial one. first we start off with the land of confusion. stocks rebounding as rates and oil fell hard. what do investors need to watch

. >> live from the nasdaq market site, i'm melissa lee. traders are on the desk. tonight on fast, the apple tv mystery. the journal says apple is pulling the plug, but carl icahn reveals something he shouldn't have. plus walmart tanking, could it be good news for stocks? but first to the news of the night. yahoo!'s stock tanking into the close on fears that investors could be hut hit with a massive tax bill. dom chu has more. >> it's a tax implication here. we don't know exactly what it will be, but this is a bloomberg report and story saying the irs may be looking at changing some of the rules and regulations that go into spinning off parts of the company. yahoo! hold as very large stake in ali baba and that stake will be spun off eventually or the plan is to be spun off into its own separate publicly traded company. now, what the irs has concerns about with regard to the report is that they are also going to lump in a smaller ancillary legacy business into that company with all of the appreciated shares and whether or not that should be taxed a different way. so

. >> i'm melissa lee. thanks for watching. don't go anywhere. "mad money" with jim cramer >>> 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. other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to teach and coach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. i say be careful what you wish for. it might actually happen. and maybe you won't be ready for it. that's how i felt watching this whole session unfold with the averages starting of course, but only finishing higher. the dow gaining 82 points. s&p advancing, and nasdaq climbing 0.53%. a terrific set-up. a set-up for the bulls. thanks to five major positives. oil, the dollar, excessive pessimism, interest rates and good earnings. all of them went the right way today. buy buy buy. let's take them one at a time. so you can u

i'm melissa lee, for more check out "options action" web. >>> my mission is simple to make you money. i'm here to level the playing feel for all investors. there's always a bull working somewhere and i promise to help you find it. man "mad money" starts now. hey i'm cramer. welcome to "mad money." welcome to cray america. other people try to make friends i'm trying to make you money. my jot no only to entertain you but to he had katy and teach you. call or tweet me. this market has to be experienced the single most debilitating rally i've ever seen. we keep going higher, but higher with different stocks fluctuating, rotating flopping chopping and most of all confusing leadership, it makes it unfathomable where the dow sneaks up 20 points. nasdaq declined .05 percent. what's hard to understand? mainly mainly, today we seem to give up on the exact stocks we loved yesterday and vice versa. the inconsistency i find it maddening but it has to do with fund flows scroll around as portfolio managers try to grab stocks and flee from others in an ever changing. right now we've come to realize t

. >> i'm melissa lee, thank you for watching. check out the web site. have a safe, fun memorial day weekend. which begins after memorial day when we hear from autozone tuesday morning. as i said last night, this group is one of my absolute favorites because the average car on the road in this country is 12 years old. biis outright elderly in automobile years. analysts are talking about anemic growth. but after the past that advance auto parts a competitor got yesterday and today in the wake of its weaker than expected numbers, i think autozone needs to be bought if it takes its customary post-earnings dip i tends to rally after the quarter. after the close attitude we heard from the ceo of work day. he was certainly bullish about his company's prospects when he spoke in san francisco a month ago. it's another cloud-based company winning cloud market. it's a pin action company. that's right, you get pin action off it. if it does well and the stock soars higher you should see excellent movement in the rest of the high-flying tech cohort. red hat, splunk.

the bough down a-- melissa lee is at the nasdaq. welcome.soline prices. because the economy never really saw the expected boom from lower gas prices. but now gas costs are back up. in fact gasoline is up nearly 40% this year. so will that hurt the economy as prices climb? let's bring in jab ack ablin. things are like things are going to boom because of low gas prices. we did not see that but as gas prices have gone back up, is that going to be necessarily a net negative or could it actually be a net positive in some ways. >> yeah i would say maybe not as big a positive but certainly not a negative. i think the fact that this gasoline dividend did not find its way to american cash registers means that there's really nothing to give up necessarily. now, we are starting to see confidence pull back a little bit. i do think that's in response to some of the higher pump prices. but like i said we didn't see the boost from the lower gas prices, so we shouldn't necessarily see a pullback if they do retrace. >> and you've got a really interesting tak

from the nasdaq money site i'm melissa lee.panel tonight. all the after-hours action you can handle across all sectors. we'll tell you how to profit from all the news ahead of tomorrow's open. plus call it the tech trifecta. facebook, apple, google all rallying 2% or more on this day. we'll tell you the name that could soon follow them higher and what it means for the tech rally. and you're looking at a live shot of camp david where president obama will be holding a news conference immediately following a summit with six gulf state leaders. we've got team coverage as that event happens.

let's get to the half at headquarters, and melissa lee. ♪ >>> welcome to the halftime report, i'm inor scott wapner. let's meet the lineup, kenny joins us in the meantime from nyse. game plan today looks like this. losing energy, goldman sachs says it is time to get out of two major oil companies. trade school it is graduation season at the traders are sharing their pearls of wisdom for the investors of tomorrow. we begin though with the debate on apple. this morning, carl icahn pushed far much larger buyback. he says the stock is worth $240 a share. this is a handful of big fund managers cut their stakes in the most recent quarter, including the cooperman and david einhorn. who do you follow here? 240? that's practically a double here. >> i think it is, i think it's expected, the call talked about it being a long-term investor in apple. that's what he's looking at. he's not looking at the next three to six months, he's looking into 2015, 2016, so when with that confidence, i like the letter. i think what he states in the letter is warranted. if you own apple, you feel good about own

let's get to the half at headquarters, and melissa lee. ♪ >>> welcome to the halftime report, i'm inner. let's meet the lineup, kenny joins us in the meantime from nyse. game plan today looks like this. losing energy, goldman sachs says it is time to get out of two major oil companies. trade school it is graduation season at the traders are sharing their pearls of wisdom for the investors of tomorrow. we begin though with the debate on apple. this morning, carl icahn pushed far much larger buyback. he says the stock is worth $240 a share. this is a handful

melissa lee is on tap. >> what do you hear when you hear a song and can't identify it? you hold up your phone and you shazam it. >> that's right. >> we've got the ceo of shazam on tap. >> straight over to you guys. >> thanks. "fast money" starts right now. live from the nasdaq market size overlooking new york city's times square, tim seymour, brian kelly, karen fishman and guy adaem s.apple set to jump another 50%? that's what morgan stanley said today. we'll explain why they could be right and how you can profit. plus, shopify shares soaring in its debut and we have the ceo of what could be the next huge ipo and here's a hint. the company is on your iphone and you use it at least once a week. hmm. let's start with the biggest story this hour. hewlett-packard moving higher in the after-hours session after reporting a mixed quarter. beat on the bottom line and missed on the top, earnings call getting under way. our own dom chu is monitoring that call with the red phone. right now the stock is up 1%. i thought that was a head scratcher. why is it up 1%? >> huge run 2013-'

. >> i'm melissa lee. thanks so much.erge america's conference. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there is always there. "mad money" starts now. >> i'm cramer welcome to "mad money. welcome to cramerica a. my job to teach and educate. all or tweet me at jim cramer. what did we rally today? it the warren buffet halo the recognition maybe the world is

. >> i am melissa lee, thanks for watching. see you tomorrow at "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. methamphetamine "mad money" starts now. >> hey, i'm cramer. welcome to "mad money." welcome to cramerica. my job is not just to entertain you, but to educate and teach you so call me at 1-800-743-cnbc. the fed is about to raise rates. is that why the dow plummeted, the nasdaq tumbled 1.1%? that's certainly how it feels on today's like today and the perception everything is going wrong is absolutely at the heart of the decline. but i'm also sure of something else. what's good for the stock goose isn't necessarily good for the stock gander. not everything can be bad all at once for all stocks. some groups are going to be winners. even if the big name industrials could get a further beatdown. so let's pull the negatives apart and is see where they tak

i'm melissa lee. our traders are tim seymour, dan nathan and brian kelly. monster moves after hours from cisco, j.c. penney and plus the latest results from the slew of clinical trials coming out of a's coe right now. plus we're monitoring the ntsb press conference on the tragic train derailment in philadelphia. but first, we start with the news of the night. cisco slipping after hours despite beating on the uptop and the bottom line. this is the last call for the ceo. >> the expectations are not high going in. the fact they made the announcement about the ceo change, i don't think anyone is expecting some big changes here. john chambers is not going to lay an egg on his way out of here. i think it looked pretty decent. i think it's importance to remember in february when they reported, chambers was unusually bullish about different segments and geographically about some area that caused some problems. they were dealing with the strong dollar so it looks like more of the same from february. the stock is probably going to get bought on any weakness that we s