Doesnt add up about this suddenly hot stock and why he says retail traders are making a horrendous mistake a bitcoin bust, sharp selling in the last hour, the cryptocurrency down 2,000, briefly below 17,000. You see our bug on our screen by coinbase we start with the tax cuts wall street has been waiting for, despite a slight delay, the house has to vote again. The nasdaq 100 the biggest decliner with amazon, facebook, netflix, and google all sinking. Will big tech be the loser when it comes to the seemingly imminent tax bill . Big tech, youve had a big run. Whether its microsoft, amazon, facebook, you name it. It doesnt hurt or help that we had some downgrades and some folks are talking a little more bearish about a name like facebook today its understandable that some of the tech is pulling back you had intel screaming to the upside so is tech going to get slammed because of this . I dont think so they will probably be affected, certainly, but not as affected as those that actually played the high risk. Yes, theyre the ones that are going to benefit from the repatriation at 15. 5 which is a huge number. Except for the fact that theyll have higher tax rates on the billions of dollars theyre accumulating overseas, these these were areas theyre expected to have a lot of growth going forward. I know a lot of analysts had higher models for when this money was going to be coming back at the end of the day, you have a tax holiday, but a lot of the growth is coming from overseas to me, i look at facebook, we brought this up, its a poster child for a lot of things that could be difficult for the tech sector, including facebook which had its wrist slapped again, the french have been all over them theyll arguably run into trouble here abusive position in terms of market data and strategy so if you look at how its trading, technically its not been above 200, for a few weeks its not been above the 50 its a stock that the fundamentals are very good pete mentioned the apple downgrade, knocking the price target down to 175, saying you know what, the seasonality won be enough to offset the iphone x. Weve seen apple downgrades, it has an effect on the price and a week or so were back to where we were if not higher again, my sense is thats what happens with apple in terms of tech and how you trade it, micron is a great example. Micron had a great earnings call, month and a half, two months ago stock went from 38 to 50 retrace the whole way back to 38, december 1st, we talked about the risk reward in micron sets up extraordinarily well we backfilled the entire movement we saw over the last month. Today we report earnings i mention it because operating margins, to me, in my opinion, its whats important for micron they beat on 3 on operating margins, nand pricing is still intact why do we see the underperformance were talking about people potentially taking gains for the year there is rotation and i think you have a very clear dynamic for domestics, whether its staples, consumer discretionary. An altria, a stock people gave up on three months ago when there was some pressure from the fda in terms of their cigarette business businesses that have a 39 effective tax rate, lets be clear, theyre the big, big winners. Analysts are now upgrading, thats whats going on back to the tech world, look at google, nothing wrong with that chart. That chart and that company has been outperforming they had great numbers its not been trading like facebook or apple. I think you cant lump everybody in the same place. Rotation probably based on some of what youre talking about in the tax bill. Look at home depot, the last month and three months, disney, last month and three months, caterpillar. Look at where their taxes were and potentially where they could go to if this thing ever gets all the way through and you get to 21 from 33 , wherever some of these names are that could be huge thats why i think the last three, four days, boeing is another one, weve started to see some of those names lifting, lifting, 52week highs almost across the board if youre in big tap tech, ndx nasdaq 100, should you have a slight preference now that the tax bill looks all but passed to these sectors and names that have higher Corporate Taxes . I dont think so, because i think a lot of things that drove the top five stocks in the nasdaq 500, we know what they are, amazon, facebook, google, microsoft, netflix, the fundamental reasons those stocks are up 30 to 50 for the year, theyre probably even more effective in a lower tax environment next year, okay . That being said, all those stocks are within a few percent of their all time highs. At the end of the day, i think what tech investors or Growth Investors want to see even while you had this rotation into some value and cyclicals, you want to see a pullback, we need to see a pullback it will make everybody feel better about reloading on some of these stories if we close on the exact highs of 2017 as we head into 2018, you just dont think thats the sort of situation where people will feel great about reloading for 2018 at all time highs so come on, people, can we just have a 3, 5, 6 pullback here . No, were not allowed that hasnt happened in a long time. I understand what dans saying, think about where we are. Weve got essentially the white house now and washington throwing all kinds of stuff at a market thats already had corporate profits be at record levels weve never been this efficient. We have unemployment probably at a cyclical low youve got an enormous amount of Central Bank Headwinds coming. Things are as good as theyll get and were throwing more gas on the fire, im not sure we need it. Expectations are so outsized i think it renders some caution. The catalysts ahead, we know corporations are priced without a 21 effective tax rate but i do think that once you get through this, i think it could be very challenging. Are you taking profits . A little bit, doing some upside calls from my option guys lets be specific here. Thank you or stock that was on options action friday, dan. [ simultaneous speaking so yes, i think there are names and there are places where you should be doing that google is not a place where im taking profits as much as i love home depot, and i talk about it all the time, i just sold some today why because i felt like it was the disciplined thing to do. This stock went from 165 to 185 in what seems like a heartbeat why not take a little bit often the table . Disney is a different animal ive stuck with that one because i dont know that the deal potentially what they get from fox is all priced in yet its just off the 52week highs. I think it goes through those 52week high what would you trim here . Not just the tree trimming is important as well if you havent done that yet, folks, i encourage you to do it. The tree . The tree. This is what i learned if you have a live Christmas Tree seriously, this is a psa. I know were short on time boiling hot water into the bottom of it because it releases the sap which the tree will suck that water right up. Really . Honest to god ive only had my tree for two weeks. Can i still do that . I believe so. Anyway. What would you trim . Adobe, i talk about being long adobe, if you like amazon, youve got to like adobe but maybe dans on to and somet, maybe its run too far, too fast, so maybe its ripe for trimming thank you, dan, for enlightening me the latest poll on the popularity of the tax plan is out. John harwood has details reporter you guys were talking about what sectors will lose from this tax bill and which will win it looks like from the polling in our new nbc wall street journal survey, the republicans are the losers so far. Look at these numbers on the tax cut. Theyre not good when you ask is it a good idea or bad idea, 24 say this bill is a good idea 41 , bad idea. The rest dont really have an opinion. The second thing is, who is going to benefit from this tax cut . Whose tax cut is it . By 63 to 7 , americans say it is a tax cut for corporations and the wealthy, not for the middle class. Those are staggering numbers and that helps explain why on this question, which party is better on handling taxes, democrats were behind by 4 points in june in our nbc wall street journal poll now theyre ahead by 4 points. The exact same thing happened on which party is better on dealing with the economy so republicans have achieved a legislative and policy victory this is something theyve believed in deeply but right now, voters arent in a position to reward them. Of course well see what happens once its implemented and whether people feel differently when they check their withholdings and see what the broader state of the economy is. John, thank you, john harwood in d. C how is the Worlds Largest asset manager preparing portfolios for tax cuts lets ask. Here now is Terry Simpson, blackrocks multiasset investment strategist, terry, welcome. Happy holidays. Theres a healthy dose of skepticism according to the nbc news wall street journal polled part of that is many of those polled had no opinion, so they could be swayed. Were trying to think about it from the Financial Market perspective versus the real economy side i think theres no doubt this will definitely benefit the markets. On the real economy, some of those numbers that john talked about, is because we just dont feel like the evidence of economic history will point to higher investment and higher wages. Ultimately that will have a negative detriment on the market after a while. It appears like this tax cut is a trojan horse, it will benefit investors but maybe long run it will hurt the economy over the long run thats what were worried about. Theres a notion that the kinds of investors that will benefit are investors in certain kinds of companies, namely the ones with the highest Corporate Tax rates, names like retail, banking, cyclicals, would you agree, and are you adjusting your portfolio to match that we like the tax reform, its definitely going to benefit certain sectors. Were you talking about rotation. Rotation has happened. So you look at financials up about 10 over the last three months or so telecom as well, another smaller sector is benefiting from the tax reform packages. But we do get worried if investors are rushing too much into this. Estimates for 2018 earnings are still below where they were after the election some of this is priced into the rotation but not all of it is priced in. Terry, weve been talking about the flattening yield curve, now all of a sudden in the last week or so weve seen the yield curve go back the other way in a significant way whats better, in your world, for equities at this point, a flattening yield curve or steepening yield curve its interesting, we know why it was flattening, there was artificial suppression with the recent steepening over the last two days are so, investors are saying this tax reform will be more effective on the demand side of the economy, it will create more inflationary pressures, not necessarily on the supply side, that would lead to higher productivity, that changes our u. S. Potential gdp long run estimate. It keeps the fed in bay. So i think more of the recent reaction in the last few days or so is were getting tax reform, were getting inflation, lets adjust Interest Rates to that. Terry, you guys are global investors, that paints a nice picture for the u. S. But in terms of allocations, theres some arguments out there that this is going to be at the expense of investing in europe, and obviously theres an impact in Interest Rates all wait through the chain. Where do you guys line up globally i would say the debate, a lot of nations across the globe have been keeping their Corporate Taxes low, you can make the act that the United States is getting in line with what the rest of the globe is doing were still overweight international opportunities. You look at europe, japan, emerging markets, up 34 year to date we still think international is an opportunity because thats where we think the Global Growth cycle is rotating to we want to have leverage in the trade there. Do you overweight international over u. S. . Yes were not buying into u. S. Or selling out of it but were holding our levels i want to play would you rather with you here, terry. Thats a big compliment, by the way. Translatoit is, youre an ho member of the desk technology, which were debating may be negatively impacted, or banks . Great question. We still think this economic expansion has room to run and we havent seen a lot of loan growth the loan growth was strong in the early part of the recovery hopefully with deregulation that can actually allow the major banks, they look at the top eight or top 25 or what have you, to do more lending in the economy. If we see more demand out there, that will be beneficial for the banks. We like the tech story long run, but if youre looking for a value oriented play at this stage of the cycle, you want to look at financials even with the threemonth rally weve had. So banks is the answer. Thanks for playing, Terry Simpson of blackrock thats called melissa coaching through the game. You bury the lede, you have to come out strong pete, same question to you banks for sure. I agree with terry about the loan growth story, its something that in the future well see more and more of it. Jamie dimon talked about it all the time every time we wait on earnings from the banks, thats what were looking for, are we seeing that loan growth, are we seeing it i take the banks what did you do today quick. Ive been getting long on european banks eufn is a way you can do that. The ecb will start pulling back on bond rates, theyre going higher there theres more leverage in european banks than u. S. Banks coming up, stitchfix is sinking since its debut last month. What went wrong . Plus andrew left of citron is targeting one crypto stock hes calling a crypto scam hell tell us why he says blockchain is making fraudulent claims to investors. Later, tim seymour says theres one cryptocurrency he just bought that he thinks will be the next big winner the name when fast crypto fast money returns let out your inner child at the lexus december to remember sales event. Lease the 2017 is turbo for 299 a month for 36 months. Experience amazing at your lexus dealer. Trust 1 doctor recommended dulcolax. Use dulcolax tablets for gentle dependable relief. Suppositories for relief in minutes. And dulcoease for comfortable relief of hard stools. Dulcolax. Designed for dependable relief. Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. Money. An earnings alert on stitchfix, since going public last month. Courtney reagan has more reporter shares are down sharply after hours, but theyre up 63 since going public. Shares are down 11 . Revaluing of preferred Stock Options is making up most of the earnings that were reported. The revenue changed only slightly, up a little bit from the guidance that stitchfix gave investors in es1 which was six weeks ago. We should note that revenue is up 25 in a year stitchfix also has 2. 4 million active clients thats up 30 over last year again, though, stitchfix told us that earlier this fall so we didnt get any new information there. Then when it comes to guidance, revenue guidance for the Second Quarter is above analysts estimates. Full year revenue is above consensus. The gross margin will decline near term as it invests in new categories but growth is continuing with mens and plus consumers categories shrinkage also hit gross margins. Shrinkage is the cost of inventory that cant be sold founder katrina lake is working on different strategies to improve that shell be on tomorrow morning at 11 00 a. M. So well ask her about that the call is ongoing, because its the first time that the company has held an earnings call, theyre spending some time going through their process before getting to guidance it had like a 10 reversal intraday like courtney said, its up 63 . People thought this was going to be a blue apron sort of thing. I think the quarter was fine, 20 growing users, 30 and theyre new to the category. Can we pan over to guy over here if there was ever a guy that you guys should get on your stitchfix thing, look how hes dressed. We need a stitchfix box for this guy. Pleated pants, patterns galore it was his birthday yesterday. We can get a stitchfix box for guy adami, lets clothe this guy for 2017, please jeez. Quick my thought is this. They feel a little bit like snap why do i say that . Its decelerating at a rapid pace that comparison is not a friendly one ahead, forget about bitcoin. Tim seymour has another cryptocurrency that he says will crush the competition. Im melissa lee. Youre watching cnbc, first in business worldwide heres what else is coming up on fast. Got to be the shoes a number of sneaker stocks are surging. Well tell you which the traders think you can buy. Plus if you think the crypto scam wont finish ad, wait until you hear what short seller andrew lt efhas to say about Riot Blockchain when fast money returns [vo] progress is an unstoppable force. The season of audi sales event is here. Audi will cover your first months lease payment on select models during the season of audi sales event. This is not a cloud. This is a tomato tracked from farm to table on a blockchain, helping keep shoppers safe. This is a financial Transaction Secure from hacks and threats others cant see. This is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. This is not the cloud you know. This is the ibm cloud. The ibm cloud is the cloud for business. Yours. The crypto craze conditions with a number of names surging thanks to the many i cania but not all is as it seems to be with these companies dom chu is at headquarters to break it down. Reporter melissa, a reality check for those who thing its easy money when it comes to trafficking in cryptocurrency stocks the sec suspended shares in crcw, from today until january 3rd for what regulators say are concerned about the accuracy and adequacy, including questions about manipulative stock transactions were talking about a stock that was 3 and change in september and rocketed to 642 bucks earlier this month, currently suspended from trading at 575, making it worth 12 billion total. All of this is happening on average daily volume of just over 5,000 shares in the past two weeks. It was a red flag. Now, another stock that raised eyebrows is long fin because of its own parabolic move higher after buying zidu. Long fin is actually listed on the nasdaq as part of one of its smaller tiers. Riot blockchain, formerly known as bioptic, rather than selling stock in the open market it conducted a private replacement of restricted stock units and warrants as well all of this was sold to accredited investors and raised 37 million. The bottom line, regulators are scrutinizing this part of the market even more, because they can, unlike straight bitcoin which they cant regulate. But traders have to own the responsibility themselves. The bottom line is be careful. Absolutely, thank you, dom chu, back in the newsroom. Yesterday we had the ceo of long fin, even he admitted things had gotten a little out of hand. This market cap is not justified. I valued my pricing, i valued my pricing at 5. Five times revenue we reached out also to Riot Blockchain but the company turned down our invitation to appear on the show after they seemed ready to accept an invitation yesterday a spokesperson said, quote, no one at the company has been able to get in touch with the ceo you may be asking why we spend so much time on cryptocurrencies many traders at home have been in these names, theyre among the most popular at the moment but also among the most dangerous ones this is a classic case of buyer beware, it doesnt matter what industry it is, know what youre buying and in many craases a company thats transformed itself overnight is an obvious case of what to avoid. Some of these were microcap stocks that suddenly went into the stratosphere you want to play crypto in a lot of different ways, whether you went to invest in tokens or platforms. Interactive brokers, although weve talked about that, i know they would not come out here and tell you this. There are ways to actually be involved or cme, these are at least names that people can look at that to me are legitimate names. You see going across your crawl at the bottom of the screen, it is a very actively traded name, but this is a company which just two months ago it wasnt Riot Blockchain. Bioptics, completely different company. Brian did a great job breaking it down it was trading down yesterday, now right back up. Steve grasso, you have to give kudos to him, he was talking about overstock when it had a 30 handle look at the way overstock traded today, traded about 2 1 2 times normal volume, reversed, closed lower on the day if youre looking for an exit point, not to suggest that overstock cant continue this meteoric rise, i know Morgan Stanley made an investment in them but the action today suggests to me at least it might be time to take money off the table short seller andrew left is the man, remember, who called the fraud at valeant hes now taking on Riot Blockchain we invited the ceo to appear alongside him, the ceo has gone radio silent, but andrew left is on the show, welcome nice to see you weve outlined the case of the concerns in general about Riot Blockchain which until two months ago was a Company Called bioptics whats the number one reason behind your short . Its amazing, what Riot Blockchain has done is taken the path of least resistance to make money. They have a few small investments, just enough to go ahead and put it public. And they roll it out, and with enough promotion is obviously with the hype behind crypto, and the lack of assets, there it goes the whole time, really misrepresenting the fact that nothing that they have is a real player in the crypto industry. They have a small investment in its coinsquare. It might be right now the number 200 trader of bitcoin, a real insignificant investment so you shouldnt be surprised, out of boca raton, florida, buy some assets in canada, do the normal shuffle, and there goes the stock. And then i was thinking, when i was over here, why am i even coming on the show, why would i not just short it, let people buy it, look at the volume today, because we know whats going to happen. Theres nothing there. Is it your contention theres actual fraud going on at this company or that its simply overstating its relationship to blockchain and bitcoin no, i dont think theres first of all, i dont know, to be fraud, you need profits and revenues and things happening to be fraud if you want to talk about people front running the stocks before they make announcements, you could look at that but theres no operations to have fraud, to have that operation. This is the consolidation of a bunch of ideas put on paper with smart promotions involved, a lot of media press, and look at the volume you get, amazing. Actually to their credit, they actually went out there and raised money today at 22. And with these options also, i think if you apply blacks gold theory, it takes it down below 10 where they raised the money. I would sit and short them and not say a word on what level did you get short and how big of a convictions, i. E. How big is your conviction behind the short . High conviction i think all of these shorts, theres not enough of them out there, thats the problem right now. If you want to short something thats crypto related and you dont want to be short bitcoin necessarily, im also short the gbtc, the Bitcoin Investment trust, which is trading at a 90 premium to their Net Asset Value underneath it. If youre a short seller right now, and youre cautious, and you want to short something thats related to bitcoin and not bitcoin, you have limited opportunities but theyre nice and juicy and riot is one of them right now you came on the show and outlined why youre shorting gbtc as i recall, gbtc was at a lower level at that time its moved against you, correct me if im wrong. What im just trying to figure out, because you can be thats a strategy the market momentum can take you the other way because the mania around blockchain is there. Absolutely, no doubt. When i was first short gbtc it was around a thousand. I was short because the Net Asset Value was at 100 . It went within a small amount of time to around 40 i covered. Im now short gbtc with the Net Asset Value got to around 60 and right now its at 90 . So right now, im underwater on that particular trade. I normally dont discuss it. The reason why i do is because everyone is so fascinated with bitcoin. When you heard bitcoins futures were coming online, its amazing that a product like gbtc trades more volume than both futures combined cme and cboe yet its an 85 to 90 premium to Net Asset Value. It is so ridiculous. It only shows that investors are not buying anything except something they think might go higher in terms of riot, where did you get in on the short and has it been working in your favor . Because the stock chart looks like its just been going from the lower left to the upper right. Ive been trading around riot and i got back in are you short long fin . No, couldnt get a borrow couldnt get a borrow difficult to get a borrow for riot too, isnt it riot has options. So youre short through options. Okay i normally dont like to discuss trading. We love to discuss trading. Tell us how youre shorting it, we would love to know. Because we get that question all the time, andrew, that the float is so small, you cant get a borrow on the stock. How is andrew left of citron shorting the stock i actually think thats the problem with gbtc. Im short gbtc if other people were able to get borrows i would be down a thousand points tomorrow, its the most ridiculous traded bitcoin instrument out there thats the issue i have with that, other people cant short it but thats okay, ill stay short. I trade proper enough to hold my positions through these times. So thats okay any other shorts that you see in your view one thing has to be made clear. Sure. I watch your show, i watch cnbc all the time. I keep hearing the relation of this to the dotcom bubble this is not the dotcom bubble whatsoever i traded that bubble at the time people bought computers, they loved their computers, they loved the internet, they went ahead and bought the stocks. The only thing driving this higher is price alone. I dont know what tims suggestion is for his cryptocurrency but whatever it is, its not changing anyones life you sat down, when you used the internet, you got your stock quotes, your corporate reports, things you never imagined, travel, communications it was transformsive this is not the dotcom bubble, people are buying this for one reason, its going higher. Thats why people are owning it. Andrew, quick question. You talk about, at least inferred that options are the way youre trying to short Something Like riot. The market width of what im looking at on those, because ive looked at this myself, is extremely wide are you saying, you know what, i dont care how wide the margins are, i just like to be shorted, is that how youve determined how you want to do this . If i want to be shorted, you can always sell you can buy deep in the money put, you can sell deep in the money call. The bid ask spread is not so wide that it bothers you or pushes you away, clearly, right . Not if its deep in the money, what does it make a difference if youre selling something if i think riot, they sell stock at 22. 50, i think riot goes under 20, why would i not sell a 25 call i could sell it if its at 37 for 12 near month we touched on this briefly before, but theres a difference between having a position on a stock, and it possibly being the right one on a fundamental basis, and the stock market taking that stock where its going to take it how long do you think it will take for the market to actually realize, hey, you know what, this Riot Blockchain, it was bioptics two months ago and maybe there is no blockchain business to be honest, i think riot is an easy one, i think it will go down pretty fast whto what . Whats your tart the management is not very sophisticated. I would have loved it if the ceo was not tv with me will it go in half . Where was it two weeks ago, 15, 16 its no different a company than it was two weeks ago whats the difference now . I told a sum of the parts analysis, and i cant put it up on your screen why not what is it its on my computer, im not going to hold it up. All right what is it giving it the benefit of the doubt on all of their businesses, their investments, everything, i had around 9. 9, sum of the parts . Thats based on the bitcoin operations, verity, coinsquare, test pay crypto, other investments, royalty payments, everything, yeah, 9 andrew, thanks so much for your time, always a pleasure speaking with you. Andrew left at citron. Happy holidays. You too what do we think here . Good for andrew for getting in there and acting on whats fundamentally absolutely dead on its very difficult to play this, very difficult to get this borrow as you see with some of these names, theyll ultimately have to fizzle out. Dan a couple of really important points you asked him about options, he said do not be buying options in a name like this because the borrow is so hard, the put premium is really fat, and thats a really easy way to get the direction right and get the trade wrong. Ahead, fedex rallying to an alltime high. Well bring you tell latest. Plus tim seymour here, one of our biggest crypto skeptics, flipping the coin and diving head first into the space. Why hes changed his tune. Much more fast money after this orecommended dulcolax. Use dulcolax tablets for gentle dependable relief. Suppositories for relief in minutes. And dulcoease for comfortable relief of hard stools. Dulcolax. Designed for dependable relief. Directv has been rated number one in Customer Satisfaction over cable for 17 years running. But some people still like cable. Just like some people like preshaken sodas. Having their seat kicked on an airplane. Being rammed by a shopping cart. Sitting in gum. And walking into a glass door. But for everyone else, theres directv. For 1 rated Customer Satisfaction over cable, switch to directv and for a limited time get a 100 reward card. Call 1800directv. When it might be time to buy or sell . With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Fidelity. Trust 1 doctor recommended dulcolax. Use dulcolax tablets for gentle dependable relief. Suppositories for relief in minutes. And dulcoease for comfortable relief of hard stools. Dulcolax. Designed for dependable relief. Welcome back to fast money. Fedex rallying in the after hours session. Morgan brennan is in the newsroom with more reporter hey, melissa, thats right, that call is study under way, fedex saying its on track for another record Holiday Shipping season. But perhaps the biggest news, the tailwind, and it is a tailwind, it expects from the tax bill making its way through congress right now earnings for fiscal 2018 forecast expected to be up to 13. 30 per share if tax reform happens, fedex saying that would add another 4. 40 to 5. 50 per share adjusted to that outlook for fedex which is paying a roughly 34 rate for fiscal 2018 year is already halfway done on the call, chairman and ceo fred smith saying the legislation about power the economy, expand job opportunities, and enhance incomes and cfo alan graff expanding on that sentiment even further. U. S. Gdp could increase materially next year as a result of tax reform. If it occurs we would likely increase Capital Expenditures and hiring to accommodate the additional volumes trig federer this incremental gdp growth. Reporter graf saying uses of the cash could include funding pensions, increasing the dividend as the board approves more share repurchases, and also invest in m a where it makes sense. Other topics on the call, which is still under way, lingering Financial Impact from the cyberattack that crippled europe over the summer. The company says its accelerating integration of that business now and more on peak season, all the prep and Strong Service levels with executivessaying so far theyre happy with how the peak Holiday Season is going. Melissa . Thank you very much, morgan brennan. That is a big boost to its 2018 outlook from tax Fedex Express is a large percentage of the business operating margins across the board are behest they have a 20 eps growth rate give or take trade says it should trade at least on par with ups. What does that mean, guy im glad you asked, mel. What does that mean, guy . Its a stock thats been chugging along its doubled in two years. The tnt acquisition now looks genius in hindsight. So these guys really, in the current environment, its about a gdp call, analysts will react to that. That is something well get moving hire. Ups in terms of deliveries, theyre strapped fedex is looking good here too what does it tell us about the Holiday Season so i disagree with guy in terms of his analysis of one over the other but i do understand the multiple is a little bit higher is fedex run better . Some Holiday Season, they are. Some theyre not so for ups, thats why im still in that name but when i heard the margin numbers, that actually surprised me because that was the one area where they thought, you know what, margins will be crushed down a little bit. Thats going to be the effect. It wasnt. Alltime high for fedex, alltime high for transports does this tell us whether amazon is crushing it this Holiday Season they likely are crushing it theyve actually suffered on profitability in that q4 because they want market share, thats amazon listen, amazon is just a couple of percent from those all time highs, i dont think theres any reason to give up on that trade between now and the at the end of the year. International paper makes onethird of every box in this country. Coming up, tim has bought his very first cryptocurrency. Its serious business. Why did he do it well find out plus sneaker stocks kicking into high gear. E onof those names may go higher much more fast money after of this 4 working as an emt in a small town usually means hospitals arent very close by. When you have a really traumatic injury, we have a short amount of time to get our patient to the hospital with good results. We call that the golden hour. Theres nothing worse than when were responding to the hospital, and the hospital doesnt have the right specialist. Evaluating patients remotely, by an expert, is where i think we have a potential to make a difference. Robots can do a lot in medicine these days, but they cant think. Theyre still machines. For nuanced decision making, we still need humans. We would save a lot of lives if we could bring the doctor to the patient. Verizon is racing to build the first and most powerful 5g network that will enable Breakthrough Innovations to take place. As we get faster and faster wireless connections, itll be possible to bring those capabilities to more remote sites, and be able to operate on a patient in a way that was just not possible before. When you think about underserved areas, you tend to think of remote locations. But the reality is, an underserved area is anywhere where the person that you need, who has the expertise for the problem that you have, is nowhere near you. Low latency is crucial for things like surgery, because the Response Time has to be immediate, it has to be real. I could put on vr goggles like these, and when i move my hand, the robot on the other side will mimic the movement, with almost no delay. Who knew a scalpel could work thousands of miles away . dr. Vasquez its going to be lifechanging, and lifesaving. I thwell wait. What did you meetthink about her . Its definitely a new idea, but theres no business track record. Well, have you seen her work . No. Is it good . Good . At cognizant, were helping todays leading banks make better lending decisions with new sources of data so, multiply that by her followers, speaking engagements, work experience. Credit history. That more accurately assess a business chances of success. This is a good investment. Shes a good investment. Get ready, because were helping leading companies see it and see it throughwith digital. Welcome back to fast money. Check out the sneaker stocks racing higher in the last month, get that, racing higher . Serving 21 under armour closely behind up 8 foot locker up 13 and last but not least nike with quite the rally at year end, 9 . Most of these names down, is now the time to race into sneaker stocks and if so which name is worth a buy, pete . One of my favorite names has been adidas over the years last quarter, when we watched what happened with nike, you saw the growth triggered for me the opportunity. The stocks were down 3 . You look at where theyre going internationally, whether in south america or europe or china, that growth is off the charts a Mature Company like nike i still think theres upside in there, because of that, and you look at the direct to the consumer, thats been a growth spot, we talk about it all the time, everybody has to have an ecommerce sort of a side to who they are and thats something thats growing very rapidly, particularly in the International Markets right now for nike again, this is a tax plan i think nikes im long of that stock its traded off the futures numbers, the china numbers i wouldnt go near the finish lines after those moves, i dont think you need to be there nike is set to report earnings after the bell this thursday the Options Markets implying big moves. Dan, what are you seeing on friday afternoon, its been about a 5 mover over the last four quarters call option was up there seemed to be a buyer of the december weekly 66 calls, 5,000 of those were traded, the most active there. Look at the two charts we have, thats the oneyear. Obviously guy has been calling that 50. You have been calling that 50 support. It broke through that 60 and its kept on going we have a fiveyear here which has that alltime high about a year and a half ago. Obviously 69ish, looks like some resistance there. But, you know, 66 calls, the weeklies, paying about a buck for those. Looks like a decent way to pay for a move back towards the highs. I just we power pitched this thing a while ago. We talked about holding 50 a number of times. This is what swizzle things happens, we rally up to that level that dan says. I think you sell it there and take profits significantly lower. Wow yeah. For more options action, check out the full show, friday 5 30 p. M. Eastern time ahead, the moment weve all been waiting for, tim seymour will reveal which cryptocurrency he jusbohtt ug find out after the break see thats funny, i thought you traded options. Im not really a wall street guy. Whats the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade welcome back to fast money. Drum roll, please. While everyone was jumping on the bitcoin bandwagon, tim was adding a different cryptocurrency to his portfolio. Lets find out what it is. Tim, what did you add . Added ethereum, there you go, mel, there you go, everybody this is the dawning of the ag of aquarius all right ethereum okay. Theres a couple of reasons for doing this and really, this gets to my approach as a trader, also as an emerging marking guy you can make a lot of arguments that trading in cryptocurrencies and platforms is the brave new world of emerging markets. Ive been there before my view ten days ago is as we were getting into the bitcoin contract mania and the futures that were coming out, whats next, what are the three main tokens that are traded on coinbase, bitcoin is the largest, now over 80 million, its just a matter of time, folks. To me, if futures were a driver for bitcoin, theyre a driver for ethereum theres a big difference between bitcoin and Ethereum Ethereum is an openended platform its an advancement on the technology as you think about it as a trader, it is the largest place to get the next round of trade flows. As we talked about, this was a 2 billion market cap back in july its now an 80 billion market cap. This is where we are if we look at the chart here, weve actually moved this was in august. As we started no get into the mania of bitcoin, i dont think anyone really knows how theyre valuing these things, i said bitcoin had its run, i bought some in here, bought some in here frankly im not sure where we go at some point really there is an argument that a trader needs to take some profits. Anyone who has taken profits to this point has been disappointed thats my call on ethereum tim, youre an investor first, youre a trader, this obviously fits into the trade category how do you feel about this for viewers at home, is this just another stock theyll judge as a trade . For many folks this is a fear of missing out you and i talked about this. I dont think people know how they should size it. Absolutely its going to be based upon what they think that they have thats discretionary in terms of their portfolio. Im guessing this should be somewhere 2 to 5 , probably lower than that. As some of these investments have gone stratospheric, i think its not a bad time to pare it back there are those that have changed their lives overnight. I dont think thats going to be you at home. Therefore thats how i would trade it 2 to 5 perso of your entire portfolio or 2 to 5 of your alternative asset portfolio . That part of your portfolio devoted to higher risk investments. Tim bought ethereum, age of ethereum up next, final trade trust 1 doctor recommended dulcolax. Use dulcolax tablets for gentle dependable relief. Suppositories for relief in minutes. And dulcoease for comfortable relief of hard stools. Dulcolax. Designed for dependable relief. Time for the final trade bank of america is going through 30 pete loves the financials i like the you weeuropean finan. While tim was buying ethereum, looks like i sold some to you, buddy. Ten days ago. tis the season wait. You know what yesterday was . Your birthday. Happy birthday all right. Im going to sell off im melissa lee thanks so much for watching. See you tomorrow again at 5 00 for more fast. M meywi t o aadon thhenend only jim cramer starts now. One and only jim cramer starts right now. My mission is simple, to make you money im here to level the Playing Field for all investors. There is always a bull market somewhere and i promise to help you find it. Mad money starts now hey, im cramer. Welcome to mad money. Im just trying to make you some money. My job is not just to entain you but to educate you is fang dead has fang died . I dont mean to be glib. I just wanted to get