i was dead-wrong on symantec. i thought it should be higher than it is. and it can't get over its own way. maybe the problem is management. but there's huge value in the stock. but nobody's been able to figure out how to unearth it. >> maybe it's the board itself because something is really rotten here. i mean, you picked a brand-new guy. hand-picked. threw him in there. gave him 24 months and then just pluck him right out and start over. you don't have a search ongoing. or if you do, it's secretive. they said they will start the search. either they're lying to us or they're just complete bafoons on this board. that could be a real problem if those kind of people are the folks that are basically handling the purse strings at symantec. >>> one of the top business professors in the country will tell us why ali baba might not be worth $150 billion. that's next. ing the right investments for you. e*trade. less for us, more for you. the fund's prospectus contains its investment objectives, risks, charges, expenses and other important information and should be

. >> doc, symantec, lowest level since january of last year. ceo shake-up pushing shares lower with a second ceo pushed out or -- >> less than 24 months. that's a problem. and to me it says the same sort of things that it did when hewlett-packard was having a lot of their convulsions. they were in a great space. security and so forth. >> cyber security on the front page. unfortunately weekly. >> look at joe terranova's pick. look at fireeye and the security plays. those are just eaten symantec's lunch. they should not have been able to do that. but if they just keep switching the jockey every two years or less, well, i blame the board a lot for this latest fiasco. >> all right, murph, let's talk caterpillar reporting an 8% drop in worldwide sales of machinery. the stock though is in the green. why? >> well, if you look at caterpillar for so long, judge, caterpillar was a proxy for china. negative news out of china, caterpillar would go down. they came out today and said worldwide sales would be down. the stock has been moving higher. the stock

shares of symantec fell 6% after hours. meantime, microsoft has been highly critical of google for going through e-mails to help delivered targeted ads. but now microsoft admits it's tried to track down who has been leaking company secrets. the case involves former employee alex kupala who allegedly shared proprietary software with a blogger. microsoft's lawyers says they will consult an outside attorney in the future to determine if a court order is needed. >>> coming soon to a theater near you, love, intrigue, cyber crime, a high profile blogger who exposed a massive breach of target in december. sony pictures has bought the rights to aen article about crebs. the studio reportedly plans to make a film set in high stakes criminal world. >>> coming up on the show, u.s. stocks rebound from their private sell-off. today's quadruple witching events wraps up bonds sales in the markets. the markets. [ male announcer ] we all think about life insurance. but when we start worrying about tomorrow, we miss out on the things that mat

>> cisco, symantec, and juniper.e horse and bug buggy when everyone else is trying a ferrari. cisco hasn't moved the needle. >> can you get your head around the valuation of a fireeye? >> no. but i get the idea. i can get my head around the concept that this is everybody has to have it. and i think what you do with fireeye at this point, you put it on your screen. when you hear about a cyber attack, that's the name you immediately go to and trade it. you get a point popping it, you move in and move out. >> new high, ahead of an offering that's going to be priced on thursday night. >> i think what people look at this as a new frontier in the same way they look at technology. and in some sense, it is. symantec, as stated, is yesterday's news. the one thing i think you have to watch out for is this expectation that these things could be trading at 150-times multimillions. prove points trading at 50 times. that's something you have to look at and say, this becomes commoditize, as well. >> major u.s. companies are worried

meanwhile, symantec shares were down 14% in 2014.year, 2014, nice home run trade. how about things going forward? analysts have six buys, nine holds and one sell on the stock for fireeye. again, maybe a little bit of a hung jury there. the price target 78 bucks where it's trading right now. now, fbr cyber security says fireeye is going to continue to out perform and believes it's the only pure play next generation cyber player out there. he thinks the sophistication level of cyber threats are only getting more complex. that could lead to, get this, 40 plus percent sales growth over the next three to five years. symantec, he acknowledges the turn around story is happening but thinks it's facing stiff headwinds, the consumer antivirus is still a big part of the business agent symantec. the jury is out on the future but you can't argue with the results of this pair trade. down 14 for the other, carl. again, this one looks like it's working out well for the time being. we'll see if it goes back to mean reversion at some point. >>> when w

symantec has fired its president and ceo after two years on the job. the world's biggest maker of security software has posted declining revenue. stocks are down this year. -- michaelr met brown will be an interim director. a former microsoft employee has been charged with healing trade secrets from the company, including code. officials,o federal the russian national admitted that he provided the information to a freshwater. -- french blooger. google has enhanced gmail security features. 100% of gmail course on in school that -- now be sent via unencrypted inaction. no one can read your messages. documents leaked by edward snowden elected -- allege that intercepting google transmissions. >> cory johnson is with me now. air b&b is set to raise $450 million. >> those are amazing numbers. raising $450 million is an incredible thing. haveotion that they would a company valued at $10 million before the ipo is unheard of. >> air b&b is always on the list of tech ipos. instead they are raising money. i wonder what that says about the company's readiness. tex

symantec the maker of the norton anti-virus software fired its ceo. a board member was appointed interim president and ceo. this is the second time the company has fired its top executive in less than two years. shares initially fell after hours, the stock ended the regular session up more than 1.5% to $20.91. and shares of walter energy fell sharply after the company announced it would sell a sizeable amount of debt. it was also down along with other coal stocks on a downgrade from bank of america merrill lynch. the firm lowered its price targets and earnings estimates on many coal sector players, saying falling marginal costs will depress prices. down to 27.07. >>> despite the downgrade, demand for coal which still accounts for 40% of our domestic energy needs is on the rise both here and around the world. so what's driving the new boom in coal? scott cohn has the story. >> reporter: high season in coal country. this energy's spring creek mine near the wyoming-montana border is going full tilt. for ceo collin marshall, these are the best of times. >

another we are seeing fall sharply is symantec and that is because the company fired its ceo in the midst of a turnaround effort. it has done really well with its that iss software mostly on pc. as everyone has been transitioning to mobile, they have been trying to do the same. they are looking for a permanent replacement for their interim ceo. and finally we are seeing and taylorstores --ann stores shares rising after passport capital revealed it had taken a nine percent -- excuse me golden gate capital had taken a 9.5% stake in the women's retailer. they came out with sales that were disappointing, but a lot of investors not daunted. trish? >> good stuff. time now for our big story. summit.tech spying a in less than an hour, president obama will meet with text ceo's on privacy. this after the big uproar after learning that the state department may have been infecting companies globally with malware. attending this meeting, mark zuckerberg and eric schmidt. this meeting, we think, could get pretty heated. the facebook ceo said "i have called president obama to express my frustration for

symantec has fired president and chief executive officer steve bennett and named board member michael brown to lead while the company seeks a replacement. those are your top headlines. >> thanks. just about an hour ago, we got the results of the latest bank stress test from the federal reserve. all but one of the 30 largest banks had enough capital to withstand a deep recession. the loner, the science bank bancorp.the science for more, i'm joined by frank keating, the chief executive of the american bankers association. the group's membership represents 95% of u.s. banking assets. thanks for being with us. what is the result of the stress test? >> i think it is very good news for the american borrower. it is very good news for banks. in the last five years, american banks have doubled their capital. this was an extreme stress test. it would be as if you and i were on treadmills at 70%. literally, going up the matterhorn. time all 30 of the regional banks were measured. 29 of the 30 past. there was one that i think needs to, apparently, take a look at some features. but that will be re

symantec has fired its president and ceo after two years on the job.

symantec, goldman sachs and advanced mike cree devices. what is your number one pick there?i would say goldman sachs. the capital markets look great. we're looking improved business confidence, improved investor confidence. more business loans will have to be financed. m&a activity is finally beginning to pick up. one of the good things about goldman saks, you get good exposure to the financial sector without all the issues that come along with the potential softening in the howing market that you get from a lot of other financials. melissa: jason, you think american axle is about to go down. why? >> american axle, talk about a blistering run. this is not obviously a up start company with no revenues. i'm not saying that at all but the thing has averaged 130, 140% annualized past five years. do they do a good business? absolutely. are they global? absolutely. i think if we see one ounce of a slowdown, if interest rates decline and china falls off, american axle will not look good. melissa: we'll leave it there. thank you so much. before we went to break. i had to show this t

cheryl: shares of the internet security firm symantec got crushed after the company suddenly fired its ceo. he is the second chief executive to be let go in less than two years, david. david: we knew this was happening. russian president vladmir putin today signing laws completing moskow's annexation of the ukrainian region of crimea. despite a new round of u.s. and european sanctions but they're still according to many, not enough. "after the bell" starts right now. cheryl: despite a down day the markets posting gains for the week. let's break it all down. we have with us today, pete lang, lang capital president. he will tell us why the lithium battery industry is a huge growth story and how to play it. we have jeff duncan, duncan financial management ceo. he says to get into gold. he sees a big upside. and dan stesich from the pits of the cme. dan, let's start with you. david was saying at the commercial break i bet you're glad the volatility of this week is all over? >> there was fear from last week into this week. we had the russian situation which was a very big deal, still is a b

take a look at shares of symantec.r news they terminated their ceo. >> certainly surprising news here, kelly, for investors and the street. the security and storage company announcing the termination of steve bennett. the surprise when you talk to analysts who cover this company is bennett had not been there long. only a couple years. a very brief, relative tenure. he made a series of promises, including new products and new sales. this game plan of 5% growth, 30% operating margins. that had not happened. the board likely frustrated with that and made this decision. certainly surprising investors. we'll have more as we continue to develop this story. back to you. >> all right. thanks very much, josh. now, the market rebounding from fed chair janet yellen's remarks yesterday. bob posani was on the floor and saw the dramatic move lower. he was also on the floor today for the afternoon surge. what was the driver? >> another 100-point gain. the driver in the two biggest areas in the s&p 500, financial and technology. some

i don't want you in symantec. went north of 21, i'd sell it. bob in new york? bob? >> caller: how you doing, jimmy? >> i'm doing okay, bob. i don't know, i had a thai chicken salad today. it's not setting well, frankly. >> caller: i'm sorry to hear that. >> i am, too, because it's really overshadowing how great i'm doing in the espn celebrity tournament. go ahead. >> caller: anyways, i wanted to first of all thank you for getting me out, i got out at 7.50. >> and you don't hate me. >> caller: no, i love you. you saved me a lot of money. and secondly, i purchased jc penney and i've been watching very closely in the mall and store is on their a-game. i wanted to get your input. >> well, i saw mike oman last week. he's a very nice man, too. i think you're on to something. i think they can go to 10 or 11 without a problem. i hated it all the way down, then when it got to 11, thought it was okay, 12, that was wrong. but i think it's okay because the consumer's coming back when the weather gets better. what is threatening the bull here? there are head winds everywhere. bu

. >> symantec. buy that. >> i'll see you next week. i'm taking off for a few days.row at 5:00. meantime, "mad money" 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. other people want to make friends, trying to save you a little money. my job is not just to entertain but to explain. to coach, to teach, call me 1-800-743-cnbc, or tweet me @jimcramer. please be gentle and kind. hey, somebst

. >> symantec. buy that. >> i'll see you next week. i'm taking off for a few days. you can catch more "fast money" tomorrow at 5:00. meantime, "mad money" 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. other people want to make friends, trying to save you a little money. my job is not just to entertain but to explain. to coach, to teach, call me 1-800-743-cnbc, or tweet me @jimcramer. please be gentle and kind. hey, somebody stop the presses! stop it! why? because value, value actually matters. yeah. value of all things, it's playing a role. i mean a long-term value. and it's springing up everywhere, unlike the real spring which is nowhere to be found. that's why the dow climbed 91 points. and the nasdaq, which last i looked doesn't add a lot of value. therefore, advanced only .19%. >> look, i know it sounds like i'm being facetious he

the biggest being symantec, the security firm. down the most on a percentage basis, more than a 10% drop on that abrupt news that it dropped ceo, steve bennett. fbr called the move, quote, jaw-dropping. several analysts have cut their rating on the stock. wall street doesn't like uncertainty, and now there's a lot of uncertainty in this stock. on a positive note, i want to point out some of the large cap tech names, microsoft, apple, the chip makers, all having a very good week, providing solid support here to the nasdaq, but it is one of those down days when the market is higher, tyler. >> shelia, thank you very much. shares of tesla up an amazing, and this is truly amazing, 542% in a year. but things have been a little bit more uncertain in the last few weeks after new jersey told tesla, no dealers, no deals. now, though, tesla is trying to change the game and get more political behind it. here's our car guy, phil lebeau, in chicago. >> and the battleground now is new york, tyler, when you take a look at what's happening. rememb

. >> a pop from symantec. >> some activists could get in the name. that puts a floor in the stock.continues to go higher from here. >> and a pop from cliffs natural. >> speaking of activists, there's activists in this. but it got taken out of the s&p 500 last night, put into the 400. opened lower. ripped higher. i like this space. i'm in this name. if you're thinking about a cyclical upturn in the economy, here's where you get your value. >> and a pop in the form of kohl's. popping 2%, karen. >> it was off the deal they signed. not sure if that was it. probably part of it. kohl's may have bought it. it's not expensive. and i think they're turning it around. >> we've got a pop for canadian cocktails. >> what? >> a bar north of the border is offering a new drink that's sure to fill your appetite. it's named the check mate. the hearty beverage is a bloody mary, with a full chicken, hot dog, pulled pork, a brownie. those that cannot stomach the drink, the bar offers light versions with sausage and chicken wings. >> that's perfect. you're a tiny, little thing. >> i could easily eat one

theumber three, symantec of nacre of norton antivirus software, and corporate cyber security systems bus today the s&p 500, now up four percent. they were upgraded to buy. jpmorgan.two is up 1.7 billion dollars settlement with the u.s. over claims it 'scilitated bernie madoff ponzi scheme. -- madoff is serving a 150 year sentence. >> are number one stop of the day, netflix. all in the most in the s&p today, down six percent after wall street journal reported -- is in talksr with apple to created a streaming device. we have some breaking news that we want to get to. , at the close of trading here we have the market , but let's get to this news. >> greenlight capital had today website called seeking out the a steakd talked about they had taken in mike got -- a stake they had taken in micron. he had this suit to try to reveal the blogger's identity. they say they will drop the suit about apparently they came to some sort of settlement there as he is ending this suit. they did identify the blogger who linked to the micron stake. this has been resolved privately, and it is unclear how me

symantec fired, steveitant and ceo bennett after less than two years on the job.es after several top executives have left the company in recent months area much more to that's that -- recent months. much more to that story. just and the new deal with the company formerly known as the yellow pages. >> number one, tiffany's. the luxury jewelry retailer posted profits that trailed estimates as expenses rose because of higher store and labor costs. they had earnings for the year that fell short. we will take a closer look at the results in just a bit. here we are at the open >> the market is higher. stocks getting some momentum. we could be looking at the best gain in a month. stocks start to trade just shy of record territory, i went to bring in a john buckingham, chief investment officer at al franken. value investor who is finding opportunities in this bull market. a lot of people have been fearful that with all of the run-up we saw last year, we might see a tiny upside this year. does that mean you need to be more vigilant about how you approach investing? >> i ab

symantec fired their chief executive officer. that is after two years on the job.r, michael brown, is the interim ceo in the meantime. they are down 14%. >> i'm looking at tiffany. annual profit fell short of estimates. there was an increase in spending to improve the i.t. systems. you do not think about i.t. systems with tiffany, do you? >> i think of gold and silver. >> i think about spoons. >> also, we sell gold make a comeback. one of the best commodities. that also might have been interesting. ce?isn't it a pewter pla >> i think old and tiffany. "market makers" will be back. ♪ >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. rating janet yellen, how the federal reserve chair rated her first big moment in the spotlight. a $.5 millionuy line? just one of the shockers, stick around for a bloomberg ck.cial bracket pi to "market makers." i swapped out matt miller per tom keene. >> true story come in sixth grade, the teacher walked up to me and said mr. king, skeeter skates on. that is hall bad of a b

. >> but this was personal computer and not mobile you had to be mobile and symantec didn't change withthe ceo wasn't there that long but he's gone. but just because it has security in it and it doesn't deliver, doesn't mean it can still go higher. fireeye has delivered and look at its stock. look at fireeye, they priced 14 million shares at $82. it is now at $68. and why i'm putting this out, i'm putting this out because this is what i'm afraid's going to happen to all these companies that are coming public right now. when they file the -- when the insiders file and they start selling -- and by the way, there's 90 million shares in this thing that is unlocked in a couple of months, this is what i fear. now, jim, you made this before, yes. i'm not against people making money. i am just being cautionary. once the insiders file ala 2000, scott, the stocks can't hold up. and don't forget these were the guys that had the technology that actually spotted some of the target, okay? >> you have maintained through repeatedly inside selling is what breaks the thing. >> it's not the fed. okay? it'

. >>> and a shake up at the top of symantec. ceo steve bennet has been fired. the company says the decision to let go of bennet was, quote, the result of an ongoing deliberative process and not printed by any event or impropriety. that stock is down by about 9% right now, down $1.90 to $19. >> nike shares taking a hit this morning. they reported fiscal third quarter profit of 76 cents per shares. that did beat estimates by 4 cents and it said sales were surging ahead of this summer's world cup soccer tournament in brazil. that gave an initial boost to the shares. the company reversed shares after the company's ceo cautioned currency headwinds would -- for this quarter. in the last week or so, we've had a number of companies come out .talk about currency head winds. we've heard venezuela and currency trend ratio there mentioned a number of times. companies such as general mills and others. so watch -- we always talk about currencies and people say, why do i care about the dollar? i don't trade it or whatever. this is why you care. >> and overall, it's been a hit