There. These are the hideout stocks. Hey, im always nervous. What do you say . Yeah. Three names. Look for names that have done pretty well over an interesting last month and the three that come to mind for me are cocacola, which is making alltime highs. No triple tops so coke is in the next range. A lot of analyst upgrades into their earnings in a couple of weeks. Home depot which seems to do everything right. Had a big selloff. Coming back now and i think facebook is going to knock the cover off the ball when they report in three weeks so names that have done well despite market volatility, thats where you like to be. Do you like those names, pete . I love growth. I love value, i like all three but im going to add a couple more. Really . Youre exactly right on cocacola. Ive been owning that stock for a couple of years. I think some of the investments outside of the koala world is part of the reason why i like them so much because they needed to do that. They have done that and i think thats part of the reason that the stock is actually moving up. I would throw in apple and google and value. I look at the yields and the cash on the balance sheets. All of that i think for those reasons, those are the names. Ill throw one more that has had a little bit more of a pe multiple on it. Coke and pepsi. You think they can live side by side. I think they can throw the pe for pepsi is extremely high right now. Karen . Doesnt make a difference that the fed is meeting and the doj in terms of what youre holding in your portfolio. Names like google is ones they both like. I like as well. I dont think it matters what the fed does here. Retail, i think the u. S. Consumer is really not going to be affected by a quarter point, one way or another, and i like oak which is a name we talked about before because its a way to play the energyhighyield Energy Collapse without knowing exactly what youre doing. Let them do it. They can do it, and so i think actually theres some volatility that would be good for them so its kind of a hedged portfolio. Okay. Consumers seem to be a big theme on the desk here. You can have it. Sold to all of you. No, no. Not on in this environment and i do think the consumer actually will be impacted by the fed. If you think about this, the consumer is weak already. Look at auto sales. Not doing very well. But if we have a rising dollar and a rate hike again in this environment, ultimately if youre our consumer and work for caterpillar youre not doing so hot. If you sell doughnuts next to the caterpillar plant youre not doing so hot. It is all connect the. The boj and fed matter to me. If hi to buy something ahead of the fed its utilities because i have that dividend. If i had t if you had to . If i had to but i wouldnt. I would stay with my longs. Absolutely. Thats a great play. Right now you have to buy volatility, s p puts, why wouldnt you . The lowest its going to be. When you look out, every time the fed has hyped rates for the next five years you get higher volatility so in this environment, any time volatility gets this high, you buy it. The 200day moving average has bumped up against and at 1860 its failed each time. You do have to protect your portfolio. I would also say, how about target. You dont like to go outside the united states. Target i think is one of those names thats just continued to Brian Cornell has done an unbelievable job and give you a great yield. The insiders bought when they told you it was time to buy this name and this name continues to perform over 80 bucks. Rather buy cocacola. How about both . The impact on that and that would impact coke. It would impact your pepsi. I mean, are you concerned about that . Im concerned about everything. Okay. But i will tell you, cocacola, for example. Look at the way the stock has traded over the last three months. Rising dollar, falling dollar, rising market and falling market. Its done really well so when stocks trade well for potential head winds. Thats a good sign. My one pushback to pete is im with you on google. When that stock went from 800 to 700 in a day. Any concerned a all or is that just a blip . Go ahead, karen. I just thought the environment at the time was so antif. A n. G antif. A. N. G. I think were in a different market. People were going to get cash. So concerned about energy or whatever areas they were looking for. So grabbing for cash. Pushed down apple and google. Googles numbers were fenoam nal and in video is another example. Video is a huge area. Its the beginning of growth for google and facebook. Entering a period where people want to reach for cash. To your point, guy, the stocks you like are the ones that are doing well. Are those the first to be sold . Not necessarily those. More the stocks like apple and google where people feel like they can get back in and have used the stocks as an atm. You saw carl icahn i believe use apple as annitem. Didnt sell apple because he doesnt believe in the store anymore and sold it because he probably needed to raise money for Something Else so apple is a source of Something Else. Do you like gold . Yeah. I mean, its had quite a run, and i would be a little concerned. We still have to break that correlation with the u. S. Dollar so i would be a little concerned about gold at these levels but on the pullback of a buyer. I like silver here. Despite crude falling more than 3 has stocks surged in lateday trade and is this decoupling it . Dennis gartman joins us now. Youve been saying for some time that it would not be the coupling that had existed and you say this is it. Now what . First of all, ive never believed in the coupling of stock prices to crude oil. It has indeed occurred over the past several months, but if you look at crude oil versus stock prices over the course of any protracted period of time, six months, one year, two year, over the course of the past four years, stocks have gone up and crude oil has gone down. The correlation is negative, not positive, and i think that this is a healthy sign today to see stock prices do a little bit better and to see crude oil prices weak, and i think that thats going to continue. The longterm correlation is negative and i think today is just a return to the longterm correlation. Why are we at levels now for wti, dennis, that leads to you say were in economic nirvana . I think that crude is very pleasantly priced at 37. Ive said before on the show that i think we could be 5 either side of 37 for a long period of time into the future. I think lets call it 37 to 42 or 32 to 42 as a big range. I think at 37 consumers are happy because retail gasoline prices will probably remain under 2. At 37 and a reasonable contango you get 42 in the deferred futures. Hedgers, frackers will be they wont be happy about it, but they will produce for that price. I think everybody is hammy, and i think quiet prices for crude oil over the next year or two are the absolute nirvana for stock prices and for the economy in general. With 37 plus or minus 5 on either side, dennis. Yeah. Keep the selfdefeating rally that jeff curry of Goldman Sachs was talking about at bay in terms of low enough to keep excess production off the market, not high enough to get, you know, rigs back in line, frackers back out there producing it at levels from before . I think thats exactly what will happen. The only difference will be that the frackers are learning how through various production capabilities of actually producing more out of their fracked wells than in the past. We had thought there had been expected to be a sharp decline in fracked well production, and youre actually not getting that. They have learned how to get more oil out of fracked wells already so i think either side of 37 is actually is indeed nirvana. Consistency is the hallmark of strong economic growth, and i think thats a very good thing. All right, dennis, thank you. Dennis gartman. Thanks for having me on. All right. Who agrees . Is this nirvana . Are we witnessing nirvana . Didnt even know it . Im not a big nirvana understand what hes saying. Not a big nirvana guy. Crude sold off 3 and ovx closed unchanged which is encouraging if you stay long crude and are bullish. I still think some of these Energy Stocks have gotten a little ahead of themselves. We mentioned specifically schlumberger on friday. Said at 27 times forward earnings it makes no sense. That was down today. I think the crude movement is over to the upside. The fact that the ovx didnt rally today concerns me a little bit but youve got to give it a couple more days to play out. How about you, karen . I agree. Its been almost 50 from 27 to touching near 40. That seems overdone, so some of those stocks that were sort of a little sliver of equity that just exploded, the chesapeakes of the world, you know, that one i wouldnt i wouldnt touch it here. So i think we have to just sit back and watch for a little bit. Its so dangerous. Right. To jump in right now. Yeah. So on crude oil i would argue that perhaps the 45 to 50 rise that weve had may be the reason why the market has sold off a little bit. If we have that negative correlation up at these levels gas prices have started to come up a little bit, albeit they are still very low. We may be past nirvana. Its one day. Its hard to kind of put it all together, but i would just say we would have to have crude oil stay like this for 18 months between 32 and 42 for 18 months before it really filtered into the economy. It really is early to call nirvana. I mean. This has been a very swift move from 26 to 37, and here we sit right now. I think the most important thing is when you look at a day like today. Down 3 , 4 on crude and looking at the wti and look over at chevron and exxon and conoco and the names that have given us the reports of what their plans are, big solid names, they didnt get pushed around the way they had been in the past. Right. So well see if thats a oneday phenomenon or not, but i think a little bit of the readthrough is are we in a new range, and is that range higher and if so, seems like the big guys who have addressed things can sit there for a while and people arent apt to start selling again. They are holding on to see where they will start buying. I thought nirvana would feel different. Much better. Yeah. You and you are not a fan. Right at your college when you were in the quad there. Yes. I bet you used to crank nirvana . Play is on your cello. I played it on my cello, guy. Cello. Up next, moments ago the Investment Fund valueact ceo made some comments about the highend consumer and where hes putting his money to go and leaked potential photos of apples new iphone 7 causing a bit of a curious reaction among apple watchers and do have big implications for the stock. Well explain, and later three major bank stocks have surged 50 off their low and a top technician says theres more room for them to run. Well tell what you they are when fast money returns. [alarm beeps] the intelligent, allnew audi a4 is here. Aint got time to make no apologies. And casuper food . Is that recommend sya real thing . Cedar . Its a great school, but is it the right one for her . Is this really any better than the one you got last year . If we consolidate suppliers, whats the savings there . So should we go with the 467 horsepower . Or is a 423 enough . Good question. You ask a lot of good questions. I think we should move you into our new fund. Sure. Ok. But are you asking enough about how your wealth is managed . Wealth management at charles schwab. Woman man yes. A newspaper . Woman its quaint. Man did you read about this latest cyber attack . Woman yeah, i read it on my watch. Man funny. Woman they took out the whole network. Man they had to hand out pens and paper. Woman yeah. Man could it happen to us . Woman no. Were okay. Man we are . Woman yeah, we brought in some new guys. Man what do they know that we dont . Woman that you cant run a country with pens and paper. Its not just security. Its defense. Bae systems. Welcome back to fast money. Moments ago kelly evans sat down with the c. O. O. 19 billion Investment Fund valueact and spoke of one highend consumer play. Take a listen. The only high quality business that we have found in the last 12 months is rollsroyce which where the stock is down by half, as the earnings come down because they are putting more engines on wing and they lose money on the engine shipment but they are putting in place a 20year recurring revenue stream in the aftermarket so from here to 2020 we think theres 6 billion of incremental market revenues available to rollsroyce and we think that the pricing is rational because really theres only two players now on the market. Want to revise that a little bit because the rolls royce he makes reference to makes airplane engines. Its been a hot sector, but they have been sitting out so they havent gotten a lot of contracts and the stock has consequently gotten killed except valueact went on the board in early march. They are the an tut sis of fast money. They will probably be here when the 20year plan is over. Looks expense i have to me. Im not sure what will get them on track but value act has done a great job. Yeah. In terms of some of the other large holdings, microsoft. Microsoft has been great. Yeah. That actually happened overnight almost. Valeant is an interesting one, too. 15 million shears of valeant and adobe, 21st century fox, 24 million. You talked about hideout and microsoft is a great example. This company has been going absolutely perfect the way they have been moving themselves in the cloud and exactly where he came from. Thats a direction they are moving and still trades an incredible multiple and have growth all be in the cloud which becomes a bigger portion and you get the yield. Did valeant ever tried at a level where you thought it was a value stock . Not yet. I mean, can you make an argument right here its value but you can also make a better argument that the headline risk associated with it is to good to trade from a side and whats new on the list is adobe which is a ridiculously volatile stock. A stock that goes up seemingly up and down ten minutes and did report on the 17th and if you catch a break on adobe and it sells off on that report like youve seen now for the last three years, you buy any weakness in adbe. Obviously for a faster money trade i think microsoft is interesting right here because you have it close to the 50 breakout level which is now your support level. You get a dividend and it actually has done pretty well so it has moment mum behind it so for me if you want a fashion money trade buy it at 50. Air suits off. Come on for the big boy. Just has a little window patch on it. Selective coming off the suit. Catch the entire interview right now on cnbc pro and hear what he thinks about American Express and valeant and up next drugs and pot is the next pot. Yes, you heard that right. Gw pharmaceuticals skyrocketing more than 120 following positive results of its cannabisbased drug which reduced seizures in chirp. Take a listen to what was said about the drug earlier today on power lunch. This is a momentous event for our company and for this product which is the most important clinical event in our companys history. It not only reinforces the potential for the drug in the fold of epilepsy but validates the potential of cannabinoid. And he talks about the cbc, the substance derived from the marijuana plant and also talked in the interview on meg on power lunch with the other applications for cbd and other drugs for other diseases like multiple sclerosis. Ms, yeah. They have an incredible pipeline. Thats the interesting thing about a company like this and this brings you back to the old days. I first started on the trading floors, companies were waiting for that stock to get to market. They get to phase three and they fail and in this particular case they are getting to phase three and theres a chance to get approval. Thats why everybody was after this stock and when you are looking at different areas they are focused on,ensy could be a big market and multiple sclerosis, of course, could be as well and cancer so they really are in the right spot. Phase one, phase two, phase three in multiple different areas right now. Very, very interesting. I dont think this stock is overpriced based upon what they have got in the pipeline right now. Still has to get to market though. Right. I mean, this does this prove that you need to do your homework . You cant say im not going to invest in biotech because the political overhang is too much. If youre buying ibb or xbi which are the two biotech etfs then i think the political overhang is too much and that youre making a sector call. In this one particular case though, if you know this company very well like it sounds like pete does, im not making any comment particularly on what pete knows, im just saying that in this particular case you actually can make a lot of money show how would i trade this . Between 80 and 90 today. Threat trade for a week or so. This is going to be a long runway on this one. As long as it holds above 80ish, i think youre okay. Thats a crap shoot. Short covering here. Pete may be right. I dont know. Up 120 . Clearly, nobody knew it well enough friday. Right. To know that this is going to happen. Not that we havent seen the prices before. This was a 1130 stock this time last year. So to petes point it isnt ridiculously expensive. It did trade 10 million shares to that that i wouldnt chase. Still ahead, feeling left out of the recent rally. No need to fear. Three stocks ready to play catchup in one of the most beaten down sectors this year. Well give you the names. Im melissa lee and youre watching cnbc, first in business worldwide. Meantime, here what else is coming up on fast. Thats what Deutsche Bank says will happen to the worldful get gets too hawkish by a top investor will tell you how to fedproof your entire portfolio. Plus. Did you see that . It very well could be the first images of the iphone 7, and its generating a curious investor reaction. Well explain what it could mean for apple stock when fast money returns. Manior welcome back to fast money. Leaked images of what potentially could be the new iphone 7 indicate a slew of new design features from apple. Cnbcs josh lipton is in San Francisco with more on this. Josh . Well, melissa, 9 00 to 5 00 mac which published the photo says they had a case case that looks very much like the 6 and 6 tszs are curved backs and it does not look to confirm a hole with headphone jacks which would confirm rumors that apple is going to drop it in fever of blue tooth. Even though the headphone jack is really thin. Its the thickest piece of the phone today and by dropping it you can actually make the phone even thinner and as weve seen apples prime objective. To put the maximum amounts of features and functionality into the smallest and thinnest form factor that they possibly can, which they feel can give them an advantage in the marketplace. If consumers still want to use the headphone jack they already have then they could sell a dongle allowing connection to the phone. More importantly though, additional images leaked yesterday now seem to show that the camera has changed for the iphone 7 as well with the size of the camera significantly larger than current models. We know the camera is a big point of competition with rivals such as samsung where viewers say that the new galaxy at seven boasts a good camera. This comes with a big caveat that we should treat these leaks with a lot of caution and skepticism and asked about these images apple tells me it declines to comment on rumor or speculation, melissa. All right. Whats the buzz here on all the new features . Something worth upgrading for . Buzz and hype, i was talking to pipers gene munster there and his take is theres more hype for the iphone 7 than the 6s and less than the 6 right now which would make sense. 6 obviously was a big dramatic change. Having said that munster told me hes still excited about the 7 and estimates that iphone units will drop about 15 in march and gradually move back to flat line and finish the year back in positive territory. All right. Josh lipton, thank you. Who is excited about this new iphone. Who thinks its going to spur upgrades . I love apple but this isnt coming out for months, right . Have an event march 21st. Im sorry, im sorry. I think were going to see this happens before every release and every earnings. You have all kinds of channel checks. I dont know. I think the headphone jack thing, heard that before. Sort of interesting. Yeah. And, you know, you can see with the beats acquisition why they want to do that and get more locked into the ecosystem. Sure, and the camera for that matter, too. The headphone jack part is probably the most interesting part about this. I dont know if it will spark a mass upgrade cycle and thats why for me apple has to close above 105 and probably on a weekly basis because 10 a 5 is a big level for apple. I wonder how much dongles they will sell. Strangest word. Anyway . Im hoping i cant plug my beats into the new iphone . Right. You dont have beats. You need a dongle to do that. You want to go stocky on this thing . Yeah. Apparently intel has more of a presence in the new apple phone and maybe the stock is interesting here. Qualcomm would be the loser here and qualcomm is now pushing up against a twoyear downtrend, so maybe its time to sell qualcomm and buy intel. How do you like them apples . A call that cirrus logic would be a beneficiary of that jack going away. Which is pretty interesting because we know how tied cirrus is to apple already. You with a tonight talk about oil in the market. How about cirrus tied into apple for years now but interesting part is they want a smaller phone as well. I mean, apple is not trying to leave anything off to the side. Going to the emergency market. The giant phone and tiny phone. Right, and they are exactly targeting the emerging markets. Not huge but 10 million to 20 million, not such a bad number per year, thats what they are talking about. And what kind of margins are you going to get on an emerging market phone . Probably not that great. Ill give you the campaign for the smaller known. Get donald trump and his tiny little hands to talk about the perfect, genius great point. Im donald. Ill make America Great again, brilliant. Im definitely going to go to break now. Just came to me. Coming up, im not talking about any candidates hands. Coming up. Is the market just one rail hike away from a total meltdown . One of the big banks says so, and it could have major implications and one trader is making a big bet that a hard hit airline is about to hit new heights. What has them so excited when fast money returns. You know, its amazing how much information is contained in a single image. One visual can make or break a film. I am analyzing images for factory managers, sales people and healthcare professionals. Thats good watson. But not exactly movie material. Perhaps the healthcare professional could be played by matt damon. Youre learning, kid. Welcome back to fast money. Stocks fell from the highs of the day and faded into the close. The s p 500 dips slightly with energy the biggest lag yard as Oil Prices Fell 4 . Stocks are on pace for their best month since october. Heres whats coming up in the second half of fast money. Two days until the fed meeting. Is the market just one right hike away from disaster . And one of the big banks is sounding the alarm. How worried should you be . We over got the details. Airline stocks have gone almost nowhere and one named trade that is about to take off. What that is later this hour. Time for a fakeout or breakout because with much of the market on the rebound i dont know what that noise was, what are many so. Names that might be able to hold on to the recent gains . Dom chu is in the newsroom with more. Like a bullear, bull bear. No idea. A lot of stocks have had a big rebound since the recent lows, and just how much has that shorterterm momentum done for the longerterm picture . We screened the 1,000 russel index and turns out 150 of the members have made new 52week lows so far in 2016. Of those, 75 stocks have bounced by more than 50 from the lows just in 2016. Among those, only six, believe it or not, just six have seen that positive momentum push performance positive for the past 12 months. In other words, they have gotten back a lot of the past performance and among them, can you see there, tes larks the electric car maker gained 50 since hitting a low of 141 and change on february 9th. Up 7 over the course of the past year. Then theres midscale retailer jc penney, a 6 stock back on january 20th. Its rallied 86 since and it puts its oneyear return at nothing spectacular but still positive. 4 . Its not big, but still positive and then theres the Energy Stocks, right, many of which have been ripping higher. New field exploration in particular. The stock has been on a roller coaster ride and shares up 51 since february 19. They are now just about flat, maybe 2 , 3 positive for the past 12 months. Traders will be trying to figure out if the volatility continues given the wild swings weve seen in the last two months to a year and if it translates positively maybe some of the stocks have seen a turn for the better or just trading in between the big range. Back over to you guys. Thank you, dom chu. Tesla is an interesting one and got an upgrade from bear and execution issues seem to be overblown at this point. They have actually seen model xs come off the production line. I would say 225 it fails. Thats been the pivot level for quite some time. Pete talked about this last week and questioned why is tesla rallied . Look no further than oil. Price of oil so if you think oil is topping out here, which i do, theres a real good chance that tesla could fade. Im not saying its going back to the levels that we saw a couple months ago, but i do think it will retest back down below 200 bucks. This could be a fakeout. Is that what im supposed to say in answer to the question. Fakeout. So, look at there. Oh, im sorry. Fakeout. Its a game. Yeah. You have two choices. Right. All right. Your thoughts on these stocks . You know, the energy ones that are up huge, that i just couldnt get on board, nor tesla either. I think energy does come a little bit. Energy is ash a fakeout. Play the game the right way. Shes leading you. Fakeout. I just wanted to make sure i got it right. Fakeout. Thats what im going for. I think 200, 220 to sell that. Absolutely a fade. I like tesla for the very, very long term of the electric grid, not the fact that its a car company. I have to buy 120. Which one is a takeout . Thats a whole different kind of game. Fakeout, i agree with you guys. I mean, look at tesla, unless you believe oil is continuing to the upside, if we see a break to the upside, im not so sure that i do. Ill tell you what last week or two, huge option activity in tesla and they were right, buying the april 230s, they doubled in a week and a half. Unbelievable. I think this is it. You have to wait for this thing to pull back. Sticking with rebounds here. Financials have rallied sharply off their lows. Hour next guest says theres more room to go and three very large names. Lets go off the charts with carter worth of cornerstone macro. Hey, carter. A catchup trade. We know whats caused the markets to rally. Huge rallies in beaten down industrials, metal names, all sorts of retailers that were destroyed have come back and tip clip when you get to the end of a ricochet, were up about 12 now, you get the last lag yards to come along and financials are the one group that have not come along. The yeartodate figures. You know the s p is basically down a little bit, but of the ten sectors, financials, of course, worse, but then within the sector, the the regional banks down 8. Youve got the big banks down 11 and broker dealers, obviously names like Morgan Stanley down even more, so this spread to us based hon how much rebounding weve seen elsewhere in the market, we think this is going to narrow so as a pair trades against the s p, on a twoyear basis, youve got the s p actually up 9 and youve got the Financial Sector itself, one of the parts composing the hole basically unch and heres the bank index, and that is spread with the s p what were eyeing here so i want to look at three stocks, but i want to do a shortterm chart and a longterm chart and citigroup. Its a 30minute chart only going back about 60 days but you have a welldefined head and shoulders bottom and you have a neck line and to my eye looks like were going throw here and here is the long term. Thats just the formation on an immediate basis. Here it is on the same oneyear chart so this thing that we looked at is the beginning of what should be the conclusion of this matter. So Morgan Stanley, almost identical. Again, on a minor formation basis, you can see it quite clearly. Heres the neckline and here is the same on a oneyear chart, so the setup is clear. Here it is on the oneyear and, again, a symmetrical move up gives you a pretty nice catchup. Just exactly what many industrials and materials and finally bank of america, exact same setup and thats whats so important about f. Heres the oneyear chart. Weave seen this from beaten down stocks all over the market. This is the last group thats lagged. We think that this is the end. Ricochet so we would pair this against the s p. I agree with carter for completely different reasons. We look at things very differently but what happened to citibank and bank of america, completely done overvaluations, havent seen them like this in a long time. Bought some recently and hasnt worked, clearly in i dont know how long. Hope springs eternal. Im long. You mentioned, carter, some of the big banks and those banks had really been under pressure in terms of exposure to the energy sector. Deutsche bank had been sort of under the same pressures except in much more mag night way and you actually advocated going short deutch. Do the charts look different at this point . Deutch is the most beaten up at all which means it has the most air to recover. Lets all talk about a bearish rally. Countertrend rallies are sharp in the market. Just as they are in the markets and it doesnt change anything. Something you can do if you have the ability to be do it relative to a market which has already ricochetted a lot. Carter worth of cornerstone macro. Still short Deutsche Bank. How does a short, select countertrend rally feel in. Well, it doesnt feel fantastic. Kind of like a stick in the eye. Its not great, but thankfully ive got them through options and i have a defined risk on that and at this point in time thats thats the way to play it. Im sure diet bank, Credit Suisse and ubs, could we get more of a real but then we sell them . Do you think this is a short violent upward rally or do you think thats something longer . Im long u. S. Banks in general. I have some regional exposure as well as some of the big banks but im actually with you. I owned some puts in Deutsche Bank but ive been wrong. That stock, i thought it would continue lower and made a big bounceback of 5 or 6 bucks and because of limited risks i know exactly what is on the table. You made a good salient point, people taking the s. A. T. S, you might want to look at it, and thats crude oil and you think its going to be higher. Could it be a longer term countertrend rall . Thats a whole different kettle of initial. But if the trend is higher oil. I think oil is going to stop here. Hes also talking about doing it verse the s p and i actually kind of like that idea, right . Lets just say b. K. Is wrong and how could that be . Lets just say hes wrong about the way the markets are going to go then the financials are going to rip. Still ahead, the fed gearing up for one of its most important meetings. Year and is janet yellen in hot water no matter what she says . Why investors are show nervous, plus as oil sinks, its taking one Surprising Group of stocks with it. What it is and why you want to steer clear. Much more fast money ahead. Welcome back to fast money. Were just to you days away from what will be the biggest fed decision of the year. In fact in, a note today Deutsche Bank hays a hawkish statement could reprice the whole market so are we really one rate hike away from hell . What should you do with your portfolio ahead of the fed . Greg parsons joins us now. Great to have you with us. Great to be here. What do you think happens . Look, i think, look, on certain volatility here to stay. There continues to be consternation around what the fed does or doesnt do. At least its temporary. We focus on portions. Market that frankly trade with a very limited sense of rates, specifically mortgagebacked securities so i think, look, volatility is here to stay and the market has rebounded quite strongly over the last few months so we dont have the same perspective and things will be quite as dramatic as Deutsche Bank would think. If the fed is hawkish what do you think the markets will do because the broad consensus is that nothing is happening at this meeting . Look, were in line that in expectations, march, pretty transparent and tugofwar going on in the world versus the rest of the world and expect them to raise rates once or twice over the next few months and it will be act in the immediate term pretty violently and if the fed raised in march but dont expect that to happen. So in terms of the one thing you mentioned that you trade a lot them backed securities and thats kind of an illiquid bond market and what are you seeing from that perspective, hoyyield sector because thats the segment that led the turbulence in the stock market . Are you seeing liquidity issues in some of the bond markets that you trade in . Well, i think, right, we View Mortgage as a substantive idea. Two fundamentally different asset classes. In the mortgage market, continued improvement of things that drive collateral values. Income continues to strengthin and as a result youre seeing a lot of attractive opportunities and continued stability in mortgages. High yield trades with a little bit more kind of direct exposure to the markets at large, and youve got to be in the right names, but at least up until now no real liquidity concerns. Let me ask to our nirvana point for you. Whats nirvana for you, an economy meeting up a little bit and heat rises or nothing from the fed . Whats the best case . If you believe that the fed rising rates implies that the fed is looking at the economy and believes the economy is continuing to strengthen. Thats our version of nirvana. What we would like to see is continued again, home price appreciation, job growth and economic stability within the u. S. , so if you believe that the fed is staring at that and weighing that into their decision and thats the reason they are raising rates, thats a good scenario. Is that your belief though, if the fed does raise one to two times as you expect, you think thats going to be because of a growing economy or an economy doing okay as opposed to, you know what, if they dont do it they will be painted into a corner and if something bad happens they wont have other options. More of the first. Have their eye of whats going on in the u. S. And the implication of downstream of raising so they will only raise if things are stable here. Concerned about other Central Banks making missteps now, bank of japan, peoples bank of china, those types of things . On the periphery aware of what goes on in other markets and were more aware of whats going on here. Were going to leave it there. Thanks a lot for joining us. Appreciate it. What do you expect into the fed meeting . I would expect more volatility than right now. Greg mentioned volatility twice in the first minute when he was sitting here and im always looking at volatility and talking about volatility and locking at the 16s and the lower end right now. Youve got to own some volatility here and protect your positions. Had a dramatic run, energy in the desk for trash or the run of financials as of late. Youve got to protect yourself on the lower end of volatility. Whats cheaper for volatility, calls in the bank or some of the s p puts . Probably looking at a prodder portfolio and can probably get the full hedge that youre looking for. If the calls are inexpensive, im all over them, bank of america, citi, you name them, ill jump ton. Still ahead, stocks getting put in the dark and something in the market is change and could be good news for solar. And one Airline Stock that is about to soar. Why investors are betting on a big trade this month. Thats next. Youre watching fast money on cnbc, first in business worldwide. This are six degrees accept rate you from make money in this market. A half dozen businesses are set to outperform the rest of wall welcome back to fast money. Im morgan brennan. With Oil Prices Back below 40 a barrel that has pressured solar stocks. Just take a look at the threemonth charge of the gunk heim versus west texas crude. Why . Oil has stoked fears that demands for solar will wane as other Energy Sources stay cheaper for longer and analysts say those worries have been misplaced. Theres been a rotation in the Investor Base from tech to more Energy Investors with a bias towards oil and gas piling into the sector. He says thats contributing to this psychological connection, but that its also key to remember oil doesnt actually compete with soil solar for Power Generation in this country so he has outperform ratings on sun power and canadian solar, and he also likes first solar heading into that companys april 5th analyst date. Melissa, back to you. Solar stocks have been on fire. Do we take a look at this . Guy, i know youve been a proponent of sun power. Up again today. To the point morgan just made, the same point were making about energy. If youre bullish crude, then you should continue to be bullish the solar stocks. I think crude is going to top out here. With that said i still think sun powers room to the upside, contradicting myself a little bit and validation is cheap and theres a huge Short Interest and if you want to pick one name in the space its wspwr. Solar city has had quite a run, up 55 over the last couple of months and rumors that elon musk was going to take it didnt go anywhere but the stock is seeing a nice bid. If im going into a space the only other name i like better is first solar. I like that from a valuation perspective and not learninged like a lot of various names in the solar world are. I think that name some day could be a takeout for some Big Industrial under the right situation. Delta surging 11 in the next month and one stock thats about to take off to new heights. Mike coe is breaking down all the action. Delta airlines, saw more than three times the average daily call volume today, and it looks like someone is pressing a fairly substantial bullish bet and 48. 5 calls out to april and spending about 1. 40 and bullish belts that delta will be up 5 or more by april expiration and an Important Note for investors is this should capture their next scheduled Earnings Release coming up in the second week of april so given how violently the stock has moved around, if youre inclined to make bullish bets, buyers like this still makes sense. Do like delta. Go over there . I thought what mike was talking about today as well and that was massive and because of that i jumped in it but i was already in it. I rolled out and grabbed a little time and went out to april like mike was talk being about. I think the names are still cheap and havent reacted the way they should with you im in all three, american, delta and ual. For more options action, thank you, my, by the way. Check out full show at 5 30 p. M. Eastern time on friday. Coming up on mad money, can r. R. Donnelly turn a page for profits as the company prepares for a big breakout, and which six groups could cbs winning . That next on fast money and more on the final trade. Maas theres six degrees separating you from making money in this market. A half dozen businesses are set to outperform the rest of wall street is coming up. Plus, the old school printer reborn as a Digital Power player. A little fast but not least. A new space probe could finally solve the scientific mystery of whether life exists on mars. Europe and russia Just Launched a joint mission searching for methane and other Atmospheric Gases which could get to the bottom of martian life. This mission could bring humans one step closer to flying to the red planet. Which i know guy has always wanted to do. Im in. Lets go. Beam me up, scotty. How do you know they even went . Completely cgi. How is the flag waving for instance snrs. Right. Time for the final trade. Lets go around the horn, pete . Just about a week and a half, red hot buyers, stock was trading around 65, now 22, time to get out. Im out. Giddyup. B. K. Yes . Looked at the headline. Market was basically flood and autonation down 2. 5, upticks on subprime autos, sell this one. Chairwoman . We talked two weeks ago about wynn, steve wynn, made some huge purchases and came out with great earnings. More room to run. Pete has been all over it, guy, too. Excellent call, wynn. Youre a buyer of wynn, wow. Happy pi day. Happy birthday tim adami and whole foods markets. Lots happening in the space, wfm. All right. Im melissa lee. Thanks so much for watching. See you back here tomorrow at 5 00 for more my mission is simple. To make you money. Im here to level the Playing Field for all investors. Theres always a bull market somewhere. 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 but to educate and teach you. Call me at 1800743cnbc. Or tweet me jimcramer. There is always something brewing underneath. Even when a seemingly sedate day when the dow edged up 16, s p