steve grasso. >> are we doing this right now? look at it, exxon mobil and chevron, they look like they're basically rate sensitive ways of getting yield. i think if crude rolls over, it's going to be a problematic for them. both yield around 4%. both up 13% year-to-date. i would go with more of a staples, where you'll get 3%, 4%, i think 3.6%. philip morris over 4%. a proctor, something like that. where you can hide in, because if whatever happens, if they're all hawkish, you'll see utilities, probably take a hit, you're going to watch energy probably take a hit, the exxon mobils and chevrons of the world. if you hide in names like the staples, i think you would be quasi safer than the other way. >> i fundamentally disagree. i think when you talk about all those staples, talk about coke. paying 21 times in a market that's becoming very sensitive to valuation. just for yield. and just for defensiveness. i don't think that's going to get you through -- >> let's get back to the question. do you think the big integrated oil companies

steve grasso? >> walk and talk with song. >> we look at a daily chart. this week we looked at a weekly chart simply because it's a little bit more telling. we had what guy likes to call and the technical space likes to call an inside week so we made had a lower high hand we made a higher low. that's your inside week right here. what does this tell you? if you look back to the last couple of these inside weeks. these were them. not that frequent. it doesn't happen that -- happen with that much frequency and what happened last time we had an 11% move to the upside here. ultimately we had a 12% move to the downside here, so if you look at these levels. these were pretty active bottoms here and now we're here. what happens? what does it tell us? it tells us that the recent move is probably out of gas. if you overlay this, you can do the math here. 10%, 12% to the downside, but as i said before, when you have this type of bracket that we've been trading in, this type of range, you're bounce around. you're bounce around here. just imagine a ping-pong ball. onc

traders, tim seymour, steve grasso, brian kelly and guy adami. tonight on "fast" if you missed the move in the banks we over got the next group of stocks that could soon surge higher. the traders will break it down. plus, you think earnings will matter to stocks? our own steve grasso says it's something else that can determine the market's next move. what that is and the one dow stock that could see a new all-time high next week, the name and how to play it. first, we start off with what could be a troubling sign for tech. apple shares falling on reports it's cutting iphone production in light of sluggish sales. is apple signaling trouble for tech as we head into a big week for earnings, and the reason why we really hone in on this is because of the move intraday and the impact on the supply chain even though there were already reports that there were problems with the suppliers. so another fall on today's session. >> with the reports, seen reports like this before and they have proven to be incorrect, and you've seen the stock act completely the

steve grasso -- you're always bearish, steve. not always but andrew, welcome to the fray.uys have etf called i fly, you're focused on the long-term case for drones here. how likely does go pro come into what's already a competitive space, one dominated by dpi. >> what they realize that go pro, we need to be more than cameras, looking for different ways to use those cameras and the drone industry is poised for a wild potential applications for different companies to get into it. because they have the cameras it gives an opportunity to lead in the new drone revolution. >> steve, why are you skeptical? >> let's first -- let me preface it with i was dead wrong when the stock first came out. i missed 300 some odd percent on the way up. i'm not exactly claiming victory but i think it's still a hardware company. so even though they'll be involved with drones. what has that done to change the m.o. that it's a hardware company? >> great point but was that what today was about? to create platforms that people will you will maltly stick around for. >> we've seen other acquisitions to

our traders are tim seymour, deaf seaburg, steve grasso and guy adami. tonight on "fast" a market mystery. march auto sales coming up solid and auto stocks are falling off the cliff. could it mean the smoking hot trade is about to burn out? and happy 40th birthday apple, but what about the next big tech stock you can own for the next 40 years? our traders tell us the names they are betting on and later gold is doing something it hasn't done since ronald reagan was president, and it could be a iropportunity to buy. we'll tell you what that is, but first we start off with the markets with the s&p and dow hitting fresh new year-to-date highs. the s&p is only 5% away from its all-time high, but here's where it gets a little tricky. the move comes as oil and rates on bonds are tumbling, so who has got this right in this ultimate game of chicken for your money? which do you believe, which markets, guy? >> maybe everybody has it right. i thought the market would fall 20, 25 and here we are 50 handles later and what scares me about the market is a couple of diff

let's go to steve grasso. >> this is how we kicked off the show. so even if you have tech sort of fade a little bit, i think the market is range bound, we've been discussing this the last couple of weeks, i think it's a tradeable market. let's look at the triple qs. these are all of your supports in the marketplace. so if you look at the near term high, the near term low, you come up with some -- you know how much i love these things. this is your levels that we'll hold. i should say that should hold on the retracement. but i purposely made this chart very packed in with a bunch of different levels. because right here you have a 200-day moving average. then you slide down, you have 100-day moving average. then you slide down even further and have a 50-day moving average. you are riddled here with support. so bang for your buck, if you're going to be buying the market now, buy the triple qs versus the s&p. and the reason why i say that is if you look at the recent high in the s&p, recent low in the s&p, you don't really get the same amount of suppor

steve grasso? >> i don't know if it's justifying it. i think yellen, the fact that the job is pitting everyone into equities. i don't think she's done a great job for the overall fed. but i guess if you gauge her success on equities, she's done an amazing job. >> i think you get tired seeing whether utilities outperform. the sell the news event with opec, it happened too quick. the sell-off in about 12 minutes. it won't realize positioning. it had to get long again. >> dan, i said to you before, earnings are going to be lame at best and the dow is going to top 18,000 and close above it for the first time since july, and the beginning of mid-april. you probably would have told me you were crazy. >> i think steve's wrong, and i don't think you're wrong too often, steve, but yellen, whether she's talked specifically about it, we know the dollar, that's down 4% in the last few months alone. when you talk about the dow jones industrial average, popping 18,000 for the first time in july, you're talking about large u.s. multi-nationals. but ye

eastern time, steve grasso has the most important level to watch on the s&p 500 next week.hen we get into earnings season in earnest, that will be important to watch for coming up at 5:00 p.m. eastern time. in the meantime, we're over a half hour away from elon musk's spacex launching a rocket to resupply the international space station and mr. musk is hoping it doesn't end in failure like last june. >> jane wells is in cape canaveral with a preview. jane? rmt we just got the go ahead for them to begin fueling. 4:43 liftoff, the biggest test will be carrying 7,000 pounds of cargo. it's going to take experiments to the international space station and try for a fifth time to savely land the booster on a barge which they call a drone ship. they reconfigured after the explosion. here's the most interesting piece of cargo, 3,000 pound foldable space apartment created by robert big low, who spent $290 million so far to create living space for space which can be lighter and cheaper and easier to carry by being expandible. space station astronauts will expand the small prototype be

traders, tim seymour, steve grasso, brian kelly and guy adami. on "fast" if you missed the move in the banks we over got the next group of stocks that could soon surge higher. the traders will break it down. plus, you think earnings will matter to stocks? our own steve grasso says it's something else that can determine the market's next move. what that is and the one dow stock that could see a new all-time high next week, the name and how to play it. first, we start off with what could be a troubling sign for tech. apple shares falling on reports it's cutting iphone production in light of sluggish sales. is apple signaling trouble for tech as we head into a

. >> steve grasso. dan nathan. rich ross. today ari's performance, his work was fantastic.just butchering that poor smart board. >> okay. >> just ratcheted himself right to the bottom of the hill. >> we should call it the guy board today then, right? >> i love ari, too. >> you'll do it? >> no. >> i'll do the dumb board. >> the chalkboard. >> pen and paper. in terms of industrials. >> up 6% year-to-date, or thereabouts. you know, i think that's a product of, do people get fooled still by where i started off the show by saying crude is an indication that global growth is coming back. do people get sucked into that, does china continue to stabilize? i think your best bet here on all of these things is look at flat on year for all of these things that you're going to invest in, and use that as your ultimate stop, so you don't get pulled into the buying the highs, selling the lows. play it the right way now. 2043, flat on year, i think that's reasonable if we fail at 2100. >> this is a round about way of saying you wouldn't buy industrials. >> no, no, i would buy them. i think i

we have cnbc market commentator mike santoli and stephanie link and jeff from raymond james and steve grassoining us shortly. mike, a lot of moving pieces in today's sell-off. the yen strengthening and financials getting slammed again, interestingly oil down but not too much. >> oil has definitely been directionally connected with what stocks have been doing. i do think all of the things you ticked off are this deflationary mini scale. i don't think it's a big deal. we got to these levels close to three weeks ago, just been kind of knocking around the market. seemed like it hadn't digested the big rally. you can't have financials down 2% and expect the overall market to make much of a stand. >> i won't quote what you said to me off camera. but this is a tough market right now. >> it's a tough market. it's a grind every day. a lot of it is we're right between earnings season. in between earnings season we start focusing on the macro. it is mixed, putting it nicely. today we worry about the yen. european banks got hit hard. commodities rolling other than energy. there's a lot to be worried abo

mark temperaturer from strategic wealth, steve grasso from stuart frankel and rick santelli busting out of the chicago, ready to talk about this i'm sure as well. mark temperature pper, are you those earnings or fed policy? >> it's a tough call. the earnings picture is pretty bleak, the decline of over 8%. that would be the first time since '08-'09. i think what's more alarming is revenues continue to decline. so we're looking at what could possibly be the fifth consecutive quarter, where revenues are projected to decline by over 1%. it's very difficult for the market to move forward when revenues are declining. when you're seeing top-line growth diminishing, investors tend to lose confidence. when investors lose confidence in the profit outlook, valuations come down. we have seen the forward p.e. multiple going from 14r6 1/2 to 16 1/2, which leads me to feel that the market right now is in risky territory. >> but we still have grasso, about a week before earnings season begins in earnest, now the minutes are behind us. we're still operating on relatively low volume. what does the marke

we have tim seymour, steve grasso and guy adami. on fast, warning to the world.ler tanking today. is it signaling trouble for the u.s. economy? plus, gold has gone wild. if you missed the rally, relax, we've got another way to play the move. later on the show, apple shares are pennies away from doing something extraordinary. a top

our traders are tim seymour, deaf seaburg, steve grasso and guy adami.ht on "fast" a market mystery. march auto sales coming up solid and auto stocks are falling off the cliff. could it mean the smoking hot trade is about to burn out? and happy 40th birthday apple, but what about the next big tech stock you can own for the next 40 years? our traders tell us the names they are betting on and later gold is doing something it hasn't done since ronald reagan was president, and it could be a iropportunity to buy. we'll tell you what that is, but first we start off with the markets with the s&p and dow hitting fresh new year-to-date highs. the s&p is only 5% away from its all-time high, but here's where it gets a little tricky. the move comes as oil and rates on bonds are

. >> steve grasso. >> tesla made news with people ordering hundreds and thousands of new model 3 cars- whatever the model number is, today there are headlines about people having to bring a different model back for a recall. phil lebeau joins us with details. it's the model -- >> model 3. >> i was right. >> correct. >> model 3 last week. today we're talking about the model x, it is involved in just a fourth recall ever for tesla, the first involving the electric suv. here's what's going on. tesla is recalling the model x essentially to fix the third row latch, the third row seats and latch may fail, 2700 vehicles impacted, basically everything made at the end of last year through march 26th. owners until the repair is made are asked not to use the third row. here's the head of sales talking about what might happen if somebody in the third row of a vehicle not fixed and it's in an accident. >> it's actually with the leverage of weight in the seat, pulling it forward. so this would be an example of a front crash where the weight of the passenger seat belted to the seat could cause that

grasso so far at the big boards. and rick santelli is checking in as usual. steve, you and i are friends.ou know i would never pick on you, i would point out before yesterday you told us before apple stocks you were long on that. blah, blah, blah. we know what happened to apple a twitter which are also long, now what? >> yesterday i was saying i was thinking of being a cowboy and fwieg ahead. print but if you wanted to be more prudent, you should be like me -- i didn't add to it in apple. but i did add to it today. when you say now what. i think longer term for apple. i don't think the stock is going away. $92 technically is the low from august 2015. that's the next layer of support. what are you getting on treasuries? what are you getting as far as return on apple? so i think there's a lot of sheep in this business that want to -- that smell fresh blood. i think they're going after apple right now. >> yeah. >> that's the story du jour. and can it get weaker and that monster that we know apple to be. it has say buyback bill. >> professor segal, i'm interested. which is the better investme

steven grasso from stuart frankel is on the floor with us, and rick santelli checking in from chicago. steve, the word i keep hearing from traders is breakout. do you see that happening in the stock market? >> we've gone sideways for such an extended period of time. it's been pretty volatile, bill, but the more you stay sideways, the more of a coiled spring this is, but you have financials now. they haven't performed, or they've been underperforming. you've had energy. i think it's not been universally hated financials, universally avoided, so i don't think you're going to see money really roll up into financials. i do think you're going to see the market backtrack just a bit. nonetheless, still range bound, but both the dow and s&p taking a run at those highs. >> what about you, mark? how do things look to you? >> yeah, i think there's definitely more participation. obviously this has been a volume -- a market with very little volume on the up side as we have garnered, you know, 20% almost off the bottom. i think you see more winners as earnings come the next few weeks and earnings season g