Transcripts For CNBC Fast Money 20171228

First, a little dumpster diving with some of this years biggest losers, names that may have been in the gutter. Under armour, general electric, chesapeake all down more than 40 . Trip adviser, allergan, chipotle getting hammered, this as the dow closed at another record high today are any of these stocks worth buying in the new year or should they remain in the dumpster, tim . This istough, because again if youre a technical guy, carter probably has a view on this more than i do. Some of them are in industries that are challenged. Trip adviser has some secular headwinds. Chipotle is i think at least poised to turn around. The valuation was always terrible, it always traded rich, it deserved it its now trading 1. 3 eb to sales. I know theyve got some fresh issues in california, theyve made a ceo change. Fast casual i think still works, although rising labor costs. That would be one where you have a quicker fix than you have in some of these other places whats your view overall on dumpster diving . I really dont ever do it but looking at that list i just got a visual oh, ive done literally dumpster diving many times as a matter of fact the yuletide feels pretty good. First things first. We have a wardrobe malfunction. Youre not 25, so the hemp line from rag and bone doesnt really work can we go back . That fire is really nice warming us up under armour has enough problems it will take a while to get this thing fixed. The competition is not just nike but obviously adidas theyre trying to grow in the shoe area, trying to grow internationally, its very difficult. Nike is winning internationally. Here in the United States, its adidas who is winning. Under armour cant get anywhere. Allergan is interesting, Brett Saunders is an interesting ceo theyve had one problem after the other for the entire year. If the pipeline what was that ugly chart . I like the pipeline if the pipeline can deliver, this is a company that i think can be over 200 very rapidly. I mean, look. As a technique thing, this is important, you spoke to momentum once youre in a ownward momentum slope, its very hard to stop that the issue is, if youre going to dig around the dumpster, its better to wait for something to at least start to bottom any of those have that look not so much do they have momentum to the downside sure. More losses to be incurred. When you think about it, its either idiosyncratic, like chipotle or foot locker, or its thematic most of the stocks have that thats not specific to the companies. Ge is really interesting to me because the opening tick of the year on january 3rd was the high of the year the stock is down 45 . If you look at the s p chart, its the exact opposite, the opening tick for the s p was on january 3rd. To me it just seems like youre literally putting your finger up in the wind on that one. It will ultimately bottom at some point, somewhere in the teens likely, that sort of thing. At some point, with a fiveyear outlook, it will be up 20 again. I have a small position in ge, somewhere around 20 bucks. It doesnt really hurt me. I have to say i dont see things changing anytime soon. The irony for ge is they get crushed by this tax bill these are guys that have had effective tax rates, 5 . Last year they were minus 4. Think about what they do with moving money around the world. These guys will have a tax hit on their offshore cash which is going to leave them with a tax bill of 9 billion this is a company that people are having, you know, concerns that they can pay the dividends. Having said that, the street has these guys in a bucket of earnings next year if you want to put a 15 multiple, its a 15 stock and you have some ways to go things like baker hughes are on an upswing, Energy Assets are cheap, they dont have to sell them here. Mr. Wonderful thinks this thing is overvalued, 13, 14 stock from here. So i tend to agree with him. I dont want to buy the bottom of this thing, because i still think it goes lower. And i think for a lot of the reasons you point out, tim, in terms of the issues they have. Quick question for you, Carter Exxonmobil absolute different stock versus chevron this year in terms of performance. Its not a dumpster necessarily, but is this one that is starting to show that upward curve that youre talking about energy in general, right, has the long and protracted decline. Then theres that basing element which at least tells you maybe the rate of descent has not only abated but has started to change to the upside. Can i take this conversation in a little different direction . What direction would that be . You already have so trip adviser is on that list yes, it is. Their stock is down 25 i almost want to extrapolate that break there out to price line and expedia which are still up on the year except for the fact that they look really badly. Theyre about to break is what youre saying they could similarly go into that bottom right hand corner because there are fundamental gaps on massive volume and they act very poor relative to tech in general are they shorts, in your view they could be to me they dont have any bounce as the s p grinds higher at year end. Speaking of losers, as we have been for the last six minutes, one stock has been at a decadeslong low the chart master over here says its about to make a major comeback, why dont you head to the plasma to break it down. Potash is at lows instead of being straight down, youve got something thats basing i want to put this in perspective. As bad as it is, this is still a tremendous winner long term. I have three things to make a comparison s p in blue. Boeing and johnson johnson, going back to 1990 now, let me put in potash to make a point blows them away. As bad as its been, we know it peaked way up here, long term its delivered results three and four times the market and better by doubles and triples to great names like boeing and j j. Now, here is the tenyear spread this is pretty optically clear youre talking about an s p thats done this so its got an issue the question is, watch this, this basing, where is this occurring . Next chart this basing is happening almost precisely at its financial crisis low that is a critical thing, meaning it found a Reference Point and for the last two or three years has been putting on a fight. Lets drill down in and move closer to this period here its also not only just at the lows weve started to break above the down trend line in effect since the stock was up at 78 keep going here is the base now, that is very developmental. Its not impetuous, meaning its not a v. Vs typically fail its a nice u. If you see the base like this or draw lines like this, either way, the presumption is higher i think youve got a lot of potential here this is the kind of thing, if youre going to dumpster dive, wait for it to at least stop going down thats the situation right here. Carter comes back, right . I think he has to what would you do with the empty seat move dan over doesnt potash finish your synchronized Global Growth story . It fits into a lot of things. Potash is the bitcoin of 2005, no one even knew what it was you have the cyclicality of the global food trade which has been on its knees the recovery in ag to me is the laggard in the commodities base. I stay with it conditions have improved a lot analysts have been so cautious on the space, from 28, 29 bucks, so im underwater on this trade. Its a company doing things differently, like the old guys, the ag producers are doing things differently because theyre better run companies can i do a would you rather mosaic potash, because the charts look similar. You know what looks identical too is freeport. Thats the nature of a bottom. Thats breaking breaking out. So too is potash i think the group is what did you say about mosaic i like mosaic, and cf too what did you do today, dan . He did something that you cant do this to me, its my power pitch. Oh, all right pete i added fcx today monster paper, this thing is on an absolute breakout trimmed a little bit of pepsi today. Took off a little bit of wells fargo, thats been absolutely screaming off the lows when the world hated that name. I had some calls in there, i wanted to get out of there i added exxonmobil because of what we were talking about earlier. Thats why you asked. I wanted to know what he thought chartwise emerging pops, a little over 1 in todays session, faded a little bit more, u. S. Steel fated a little bit more in some of the commodities space i sold a little bit of freeport a couple days ago. I think im getting back early last week i bought some finisar. I like the apple deal, the stock rallied, i bought it above 21, it acts poorly my big short right now is smh. Coming up, if you think the bitcoin roller coaster is crazy now, you aint seen nothing yet. Legendary tech investor will be here to tell us why he thinks 2018 price swings could be more dramatic apple saying isorry, get it and dan nathan making a rare appearance on the puitchers mound. Hell deliver the fast pitch ea sllore fast moneyti ahd. For your heart. Your joints. Or your digestion. So why wouldnt you take something for the most important part of you. Your brain. With an ingredient originally found in jellyfish, prevagen is now the number one selling brain Health Supplement in drug stores nationwide. Prevagen. The name to remember. A news alert on apple, issuing an apology to its customers moments ago. Josh lipton is in San Francisco with the details hi, josh reporter melissa, apple we know is taking some heat over this issue with its batteries, the Software Update that impacted performance of some older iphones, including we know a number of lawsuits recently being filed. Apple is now addressing that just publishing a letter to its customers on its website, saying we know that some of you feel that apple has let you down. We apologize we would like to let you know about some changes were making. First and foremost we would never do anything to intentionally shorten the life of any apple product our goal is to create products that customers love and making iphones last as long as possible is an important part of that. Apple is saying its going to take a couple of concrete steps here, some changes one, apple is going to cut the price of battery replacements by 50 bucks, so it goes from 79 to 29, for anyone with an iphone 6 or later, starting next month. Also apple says early next year its going to issue an ios update with new features, the point of which will be to give users more visibility into the health of their battery. Apple did acknowledge it made its ios update a feature last year, and iphones with older batteries were throttled at least at specific times to make sure they werent overwhelmed and shutdown there were analysts, including on your show, melissa, who said they thought apple could have been more transparent and communicated these changes more clearly. Apple trying to take steps to do just that, back to you thanks a lot, josh. Apple finally came out and admitted this after an independent laboratory came out with results in december this comes after news of eight lawsuits seeking class action status is this enough it will be enough and the thing is, this is something that people have been thinking about for years, that this is going on a company had a report about activations among iphone users in the week before christmas 30 of the total activations were 6, 6s, 6 plus, the 6 family people are buying these cheaper phones now so this is an issue about this battery. If its not going to last, ios 11 is not going to work well on these old phones it will make people consider android phones the only bad thing about that number is that the expectation was that that would percent w lot lower and the activations of x and 8 would be a lot higher. From what i understand is that the promotional activity on the 7 has made the 7 a very popular purchase around the holidays and no reason to buy the 8 why would you buy the 8 . Theres very little there other than a better camera and slightly better battery, so you go for the x, which theres component shortages, and this stretches out the whole cycle. Apple has to do enormous things to lose trust right now, and i think theyve done a good enough job explaining what they intended to do when you talk about stretching out that cycle, does it make you not want to be in apple or make you think twice about being in apple any opportunities for a selloff. The stock hit 177, now its 171. That is the high, six bucks off the high im not sure im overly thinking right now this is a huge pullback if there was a pullback, it would create an opportunity. We talk about china and the adoption of the x and how fast that is. People are now starting to see in china at least, people switching away from different phones towards iphones themselves so if indeed thats true that apple is up apple has lost market share in china the last couple of years. Thats actually really not the case its the twoyear cycle that everybodys been talking about its a threeyear cycle because the bigger phone killed in china three years ago you may see a quick bump with the iphone x, then it may do very similar to what it did in 2016, and you may see double digit year over year declines in sales. Do you think apple outperforms the s p . Thats the big decision. You have to get that right, just like you have to overweight or underweight sectors. Market performer. It sounds like youre an outperformer theres a floor under this stock. At minimum, 13 bucks a share next year in eps, if you put a 13 multiple on it, thats a light multiple for a company that now is much higher margins, has a services business. To me this is a different company. Why is there a floor . Its not a hardware company. Its had two 45 peak to trough declines two, 45 why is there a floor in this stock . Because i think the earnings potential of the company, 13 times multiple, puts it in kind of the bottom 40 of the multiple its traded at in the last ten years it was traded 13 times, top down then when it topped out, 13 times. When people sold the stock down, they were selling it down like it was the palm pilot, like all it was was hardware. That was proven incorrect. Ahead, the commodities king sayings commodities could be your best bet in the new year. Im melissa lee. Youre watching cnbc, first in business worldwide heres what else is coming up on fast. Think that was dramatic . Wait until you hear what legendary tech investor Roger Mcnamee has to say about bitcoin. You wont want to miss it. Plus i think you sell it here. Its a sell right here. Dan nathan is a hard man to convince will the traders on the desk return the favor when he steps up to the plate to pitch one stock thats up 31 from its low . Find out when fast money returns. It can detect a threat using ai, and respond 60 times faster. It lets you know where your data lives, down to the very server. It keeps your insights from prying eyes, so theyre used by no one else but you. It. Is. The cloud. The ibm cloud. The cloud thats designed for your data. Ai ready. Secure to the core. The ibm cloud is the cloud for business. Yours. Looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. Discover how we can help find your unlock. Welcome back to fast money the bitcoin bug. Where is the bitcoin bug all right. Phew. Although it looks a little smaller than yesterday unfortunately for the bulls whats going on in the Crypto Market here . Bob pisani is live at the New York Stock Exchange to break it down reporter its not a show without bitcoin. Another volatile day for bitcoin in general the cboe futures were halted for two minutes because they were down, limit 10 . The latest moves come as the south korean government says it may implement new rules to regulate cryptocurrency trading. Those new regulations might include prohibiting anonymous trading accounts and could give authorities the ability to shut down exchanges, huh. Much of the trading in bitcoin occurs in asia half of all the volumes in japan, essentially another 5 to 10 , is in south korea the United States makes up most of the rest of it. Weve seen wild swings in bitcoin has retail speculators have driven up the price from 10,000 to 20,000 to 11,000 to now roughly 14,000 the action today suggests that in 2018, one of the biggest risks for bitcoin is not speculative risk its Regulatory Risk regulators in many countries but particularly the u. S. , japan, and south korea are going to have to decide how aggressive they want to be with bitcoin they will be guided by two developments first, how big the market actually gets. Right now the total value of all cryptocurrency is below 500 billion, way short of the roughly 28 trillion of the u. S. Stock market or 38 trillion dollars of the u. S. Bond market. If it gets to 5 trillion, for example, there is no doubt they will step in with a lot more regulation also, number two, a major blowup in any of the major cryptocurrencies or exchanges that leads to very Large Consumer losses will also likely force regulators hands. Dont let the fact that the bitcoin cash market is unregulated suggest that regulators are helpless. The state of new york licenses a number of the big exchanges including coin base. Theyre all subject to state laws that govern Financial Transactions back to you, melissa thank you, bob pisani should we expect even crazier price swings for bitcoin Roger Mcnamee is the cofounder of elevation partners. Roger, good to see you great to see you, melissa you think it will be even more volatile . Why . I sure hope so. The entertainment value alone is really something that cant be beat in the current environment. You look at bitcoin, and the thing that i would observe here, as bob said, its still a very small market in the context of the larger financial world but it has had a huge year weve done it around a speculative mania. The thing that people forget is that if a mania goss es on long enough, it becomes self fulfilling weve seen that with the internet bubble. Weve seen that over and over in American History if youre a bull on bitcoin, the thing youre hoping for is it does exactly what bob suggested, it has another big run in 18, gets it to a level where it becomes important enough that people care and they start to have appropriate regulation. Theres a lot of venture money going into bitcoinrelated companies, whether they be exchanges like a coinbase or companies built around using the blockchain technology. Does that interest you at all . Do you see this as sort of making its way, surviving this bubble as i said, melissa, when you start to see this level of activity around it, it can become selffulfilling i dont think were there yet at the current level. With the level of activity going on, not just in Silicon Valley but as bob said, in asia theres an extraordinary amount of activity going on in asia, there are a lot of people who are willing to invest the kind of dollars it takes to make a thing like bitcoin into a long term part of the financial markets. And again, i dont think were there yet. And i think the big thing about 2018, melissa, is were going to find out one way or the other. I dont think it will be the end of the story either way. But i do think its going to be a year where if you have volatility similar to 17, and i dont honestly see anything in the outlook that suggests we wont, youll have these big swings, up and presumably down as well. And, you know, wherever that settles out i think will tell us a lot about the role of bitcoin long term. Its my kind of thing but i totally get why people like it. Youre not in it, right, youre not in bitcoin, any of the cryptocurrencies, nothing . But im an old guy, right youre a tech guy, roger. Youre on the cutting edge of things but this isnt this isnt cutting edge tech of the kind im interested in. Im looking at technology that makes the world a better place i think the cryptocurrencies in particular, the blockchain as an underlying technology, are still looking for what i would characterize as the use case that makes society and the world a better place youre not sold on blockchain yet . Oh, no, not as a bit. Right now blockchain is Cool Technology looking for applications besides bitcoin and you know, hopefully it will find them. Knock wood, it will, because i think a lot of cool people are working on it. But for myself, i can only apple at 13 times earnings, for what im looking for at my age, and my situation, that works for me. All right lets talk about apple, since you mentioned it they just issued an apology about whats going on with their batteries and the Software Updates. They slashed the cost of a replacement battery. Is this enough are they avoiding the eight lawsuits seeking class action status first of all, i dont think i think this was really ham handed Public Relations on apples part and somebody needs to get smacked around a little bit for doing such a dumb communications strategy. The fundamental problem here is that apple has a really positive thing for consumers in that its made its operating system work with all the old phones. The problem is that the power consumption of the new operating system, the new functionality, is larger than what the phones were designed for. So they have to make all these changes, throttle them in order to keep the battery from either physically blowing up or running out of juice after a few minutes. And there was a right way to communicate it they totally blew it in the final analysis, this is not a big deal and if it caused the stock to go down, that would be a tremendous buying opportunity the way i look at apple right now, theyve got 13 of the Global Market here but theyve got more than half the profits in the space their brand is in really, really good shape the stock is incredibly cheap. Its impossible in my mind for the market to have a good year in 2018 without apple also having a big year. So i like apple a lot as a proxy for the market roger, its tim simple question. Does apple deserve a higher multiple or a lower multiple than it had five years ago you know, i would say large numbers suggest lower. Whats weird was, it was grossly underpriced five years ago and so the apples to apples comparison is a little tricky to make here. The way i look at valuation, i do not think valuation is a barrier to owning this stock any more than it would be a barrier to owning the s p 500 and its a lot cheaper than the s p 500 so i actually like the stock, like i said, better than anything else, you know, in the Leadership Group of stocks all right roger, well leave it there. Happy new year, good to see you. Hey, happy new year to everybody. And listen, happy trading in 2018 i really kind of think that in a trading mindset, things look beautiful now. It only gets tricky when you try to extend your time horizon. Knock wood, 2018 will be a good one. He didnt sound very negative about all this rigmarole about apple. He said the same thing, it sounds a great opportunity if it has sold out it has not sold off yet so im not sure well see a selloff do you think well see a selloff anytime soon, for the people who are waiting a tempest in a teapot the market and apple are a proxy. Its a cheaper market proxy. Still ahead, more bitcoin. Dennis gartman called at it silliest trade in the market plus dan is warming up to pitch the one stock hes calling a screaming buy. Well give you a hint. Its up 35 from its recent lows, the name when fast money returns. 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. Welcome back to fast money. Time for an instant replay back in july, dan said at t was headed higher. It looks like it just made a new 52week low today. Its got some support, down about 10 . With that 5. 5 dividend yield, i see 10 worst Case Scenario downside over the next year. That dividend yield is a nice cushion. At 36 bucks, i think you buy at t i bought some today. Its been a bumpy ride for the stock but still up 8 since that call. Im in the same outfit, by the way. I think at the time, you know, that mid30s level was really a bottom. It kept at that level. To me i think at 40 you probably have some resistance here. Then youre waiting for news on the time warner deal i think you take the money and run on this one. Why dont you see if you can top that one with your next fast pitch. Well look at something in the auto space were going to look at ougauto nation here for a few reasons. On november 2nd, the Company Released theirful fufu fuiscal 3 results. It was about a deal the company did with alphabets waymo, their autonomous driving unit. The company signed a multiyear agreement to service waymos fleet. Im going to call that, this is a florida company, im going to call that a florida hedge. This is a company that makes their money selling gas and People Powered automobiles and servicing them to me, i think doing this sort of hedge, for all intents and purposes, down an autonomous fleet to servicing those cars, to me that speaks to the fact that they understand the potential headwinds to their business and theyre going to go down parallel paths, gives them some optionality more important reasons, tax cuts we just had this massive Corporate Tax cut from 39 at the high end down to 21 auto nation, all their sales in the u. S. Was basically paying 39 in taxes some analysts estimate that 4 in earnings next year could be as high as 5 when you calculat their savings from taxes the last one is valuation. This stock is trading 12 1 2 times expected fiscal 2018 eps growth of 8 i think thats cheap if you put another dollar in earnings, next years earnings, you get five bucks, you have a stock trading ten times. To me, when i think about the potential for this tax bill to be cut for them, what it does to their valuation, and then you think about the optionality with this waymo deal, i think autonomous driving will be a massive investment theme for years to come. I think next year, you may find stocks like auto nation catch a bid. To me, one last point, we have a chart here this thing gapped up it came back down. Its holding this line here. This is a good entry right here at 51 bucks. Carter has a question dan, you started with gap and you ended the section with a gap. You are a chartist, true blue. This is a good entry, especially as we enter the new year the stock has underperformed, only up 5 i want to look for stories that are underappreciated, theyve good fundamental tail winds. Then we can make a fundamental argument about it. Not surprisingly, your charting is good, your fundamentals are bad the waymo thing, ultimately the service and repairs are going to be led by the automakers if anything, i think this takes a huge hole out of their revenue. It may be cheap for a reason okay. You just said a bunch of things, its like a word salad i dont think you know what any of that means. Im tossing right now i dont think any of it made any sense. When you think about the rally in gm since september, it had a lot to do with what theyre going to do around autonomous and ev and people rating the stock higher thats what will happen to auto nation next year you can listen to tim and a jumble of words, or you can look at my charting and talk about big ideas. Im going to the salad bar after the show no more word salad. Its time to vote. Carter on its way to 60. That would be a buy mr. Word salad vested word salad. Just to show i dont get emotional when i invest. I think the tax deal is massive for these guys the auto space, this is a significant part of this to the comfort of consumers pete . U. S. Centric, taxes, and waymo is where you sold me, giddyup, dan, im a buyer, baby clean sweep, buys all around. Are you out there revving up your engine to buy auto nation on dans fast pitch . Vote in our twitter po poll cnbcfastmoney. That doesnt look good ahead, commodities gone crazy. Dennis gartman has his predictions for 2018 more fast money after this welcome back to fast money. Commodities gone wild this year, copper the big winner, up 32 . Silver and gold have also shined oil and gasoline trading at year highs. Going into 2018, of which these commodities should you keep buying who better to ask than the commodity king himself, Dennis Gartman. Great to see you good to be seen, thanks we want to play a game with higher or lower with you we will start with gold. Higher or lower by the end of 2018 by the end of 2018, gold will probably be higher in the next two weeks, it might be lower, but by the end of the year, higher why geopolitical risks, probably speeding up of Commodity Prices generally. Thats something thats off of everybodys radar. Its an important concern going on you had a talk earlier on about what was going on in potash. That tells you whats happening in agriculture i think commodities are generally going higher a year from now, gold will be higher one of the big winners for the year, copper higher or lower next year . By the end of the year, again, higher. But demonstratably lower in a few weeks. The strength in copper tells you that the plow horse economy in the rest of the world is moving up a year from now, its higher two weeks from now, lower. How about oil oil is interesting. In the short term, oil wants to go a little bit higher just because of the weather concerns and geopolitical risks but because of whats going on as far as fracking and continuing to find new supplies of crude oil around the world, i think a year from now crude oil could be demonstrably lower. Here is the big one, i think i know what youll say, but ill ask anyway, bitcoin. Lower in the next two weeks, lower in the next two months, lower in the next two years. Why because when you came on and you called it tulip bulb mania and called for it to implode, it didnt implode, just the opposite what is this lower call based on that this really is a tulip bulb mania im a great bull on the Technology Behind it but when the public is involved in the manner in which they are, when you get on an airplane and people recognize you and the first thing they askyou about is bitcoin, when the fellow pumping gas asks you about bitcoin, bitcoin is egregiously overvalued dennis, its carter, how are you . Carter, im old and tired i know, were all feeling it here at the end of the year. What do you think of the laggards, grains, cocoa . Do you like it relative to the Industrial Metals . In the case of the grains, yes, very much so. Corn doesnt make new lows wheat doesnt make new lows. Soybeans are not making new lows and are being held up and rallied by strength in soybean meal so if you made me buy one thing for the next year or two, i think the grains are probably the great place to take a look at softs, thats beyond my ken. I dont watch what goes on in sugar that closely, nor in cocoa. But the grain market looks to be oversold harking back to potash, that tells you that demand for fertilizer is there, thats a good sign of agricultural markets generally. Be a buyer of wheat if you have a chance if we dont see you before, happy new year thanks for having me on this is 11 years on fast money, amazing. It is amazing dennis, good to see you, Dennis Gartman of the world renowned gartman letter what do you think of the call on bitcoin . Im just curious, pete he said that it was hes been negative on this the whole way. To give him some credit as well, he doesnt really fully embrace bitcoin. Hes fine if it goes up or down, he doesnt want to participate on copper, he says copper has gone up 17 days in a row i understand that, but what if it stays me. At 3 1 2 year highs or pulls back even minorly. Is that enough for fcx . Its been going on since the start of december. 15 different separate occasions, we have had monster option activity in here the stock has gone up 4 these options have gone up five, ten, 20 times. Its amazing how fast that has moved as its gone to the upside thats sustainable for the stock to continue to go, as long as co copper can hold up in this area. Crude oil, today call volume was two times that of puts there was one pretty large trade when the stock was trading 1190 beyer paying 38 cents those break even at 1238 up only about 4 on march expiration we have a quick chart here, when you look at this thing i think its about a 12 level on uso but its also 60 on crude soil th oil there is no technical resistance for five, six, seven dollars there. To me this looks like a cheap way to break out crude oil for more options action, check out the full show, tomorrow at 5 30 p. M. Eastern time ahead, check out auto nation, dans fast pitch, its actually moving higher in the after hours session. Attaboy because so far the polls indicate youre a big loser. But the stock is moving higher, thats the final ashrbiter, rig . Plus this toy stock did not make santas nice list, its dropped more than 70 this year. Is it ready for a breakout or should you keep it on the shelf . That trade and much more ahead on fast money. 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 youre hetruck, suv. Used car, thats smart. Truecar can help. Its great for finding a new car, but you already knew that. Its also great for finding the perfect used car. Youll see what a fair price is, and you can connect with a truecar certified dealer. So, no matter what youre looking for. There it is. This is how buying a used car should be. This is truecar. Your bbut as you get older,ing. It naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. Welcome back to fast money. Despite record spending this holiday season, its been no fun and games for toy stocks sales for the toy industry have seen a 10 drop in december since last year. Hasbro and mattel have struggled. Shares of mattel have tanked, falling nearly 44 while rival as b hasbro has managed to stay above the fray at 7 youre in mattel how important is toys r us to the sector when direct to consumer through amazon should be how people are buying this stuff. Mattel needs some help this is not a stock thats going to rocket higher it does have a takeover bid attached to it what do the charts look like . Theyre both pretty bad hasbro has been a rocket. If things are so bad for the toy manufacturers its a rocket long term but its come down considerably over six months the mattel thing is game over unless they do something are they competing with each other anymore or are they competing with netflix when you look at what kids have in their hands, they have ipads and iphones and watching netflix for 13 a month. Hasbro stalled the star wars franchising for the licensing of the toys business from mattel and it was a big loss a lot of that is in the price. We have certainly had a lot of fun and games here on fast money. As the year comes to a close, this is the last full hour show of the year. We would like to take a minute to look back at some of fast moneys greatest moments of 2017 i got to tell you something this show tonight, its like one of them breakfast burritos ever had one of those things no. Great things wrapped up in a small package. Thats what tonight is the thing about options is really cool, theres usually an expiration why is your voice cracking, peter . Im just saying im not going to be the guy on tv that has the sound clip saying greatest market of all time i disagree with everything you just said. Let me finish every single bit. Okay. Even and and the yes shall we invite dan over . Are you kidding why would we just because youre still in your parents basement, you dont have to poohpooh it i have a great stereo system in that basement danke schein the only thing ive got are some chopsticks still in paper mike is in the death star when did you go to the dark side, mike youve got soft hands, youve been counting money all your life wow im going to hold the food for you. Thank you mmm. Bam. This is a market that goes sideways im not sure whose chart i like better but both shirts are equally ugly its taken for granted here that carter comes over carter comes over carters comes over. Time for the final praytrade, pete its going to keep getting higher giddyup last word im sure we can fight all night. We may. You might ill leave but you guys can continue. Its been quite a year. It was very appropriate carter is back at the desk. Giddyup. He gets the mvp with the chock sticshop sticks hes lucky. Exactly up next, are you buying auto nation are you . On dans fast pitch . Or was his presentation worse than a used car salesman tell us, head to twitter now and wee th vgot e results and the final trade right after this break. daniel jacob for every hour that youre idling in your car, youre sending about half a gallon of gasoline up in the air. That amounts to about 10 pounds of Carbon Dioxide every week. malo hutson growth is good, but when it starts impacting our quality of air and quality of life, thats a problem. So forwardthinking cities like sacramento are investing in streets that are smarter and greener. The solution was right under our feet. Asphalt. Or to be more precise, intelligent asphalt. By embedding sensors into the pavement, as well as installing cameras on traffic lights, we will be able to analyze the flow of traffic. Then that data runs across our network, and we use it to optimize the timing of lights, so that travel times are shorter. Who knew asphalt could help save the environment . Hey. Pass please. Im here to fix the elevator. Nothings wrong with the elevator. Right. But you want to fix it. Right. So who sent you . New guy. What new guy . Watson. My analysis of sensor and Maintenance Data indicates elevator 3 will malfunction in 2 days. There you go. You still need a pass. Welcome back to fast. Its time touched out if dan was able to convince all of you out there to buy auto nation dan nathan is sitting there all by himself all by myself despite the stock being up in the after hours session, you at home voted a hard no for dan it was a decisive vote 69 of you said no one tweet sums it all up, because i just dont like the guy. It was so bad we had to change the song. We usually had toni braxton. The biggest margin of loss that weve ever seen you guys think i dont know you hate me . We specifically did this today so you could get it all out in 2017 final trade sticking with financials, jpmorgan this thing will go giddyup. Amza etf. Potash, long. I dont think you do a full position in auto nation, you work into it they dont want any position in auto nation thanks, carter, for sitting in today, it was a pleasure im melissa lee. See yo my mission is simple to make you money. Im here to level the Playing Field for all investors. Theres always a bull market somewhere, and i promise to help you find it. Mad money starts now hey, im cramer. Welcome to mad money. Welcome to cramerica other people want to make friends, im just trying to make you some money my job isnt just to entertain you but to educate and teach you. Call me at 1800743cnbc or tweet me jimcramer. We too often invest for the day. I hear people talk about what is working, and in the ol