Records. The dow has added about 2,800 points. Leading the way were the same things that have led since the election. Banks, industrials, materials. The question is simple. Should investors stick with what has led since the election sf in trump we trust. Yes. And i think weve been pretty steadfast on this. A couple times, the market has tried to throw us off course. All along we said we havent seen a selloff. The market doesnt give this long the sell the highs. As long as he doesnt provide specifics, the market rallies tomorrow. I dont think he thought it would be 300 dow points but here we are. As long as it stays above the level. 1 three, the transits, above 160. The s p has more room. Im not going to pretend im some raging bull because im not. I thought the s p would pop to 2,400. You have to say it. What led . Right out of the elections. What leads . Utilities, protection. Some days theyre on. Some days theyre off. If you want to participate, along the index. Be long. Pro business president. Now were seeing more and more of that. I know he didnt deliver in terms of specifics but he delivered in terms of trying to bring everybody together. He has a great management team. When you look across where hes placed different folks. We have an Impressive Group of will guys in the government. So because of that people have that confidence level. You can see it in the vix. Theyve been rotating between them and both have room to the outside. Not a lot of room. I hear you guys. I think it has to take breather. Ultimately what we got was very little and it doesnt mean we have to get a whole lot. Think about where the markets have come. The yields have gone up. And youre out of place where the fed is standing in the way. We have a fed where all certainly theyre going to go in march. I know well talk about this. To say that the market should not be digesting risk. Equities are more expensive than they are now. To say game on is a little excessive. I think it is a couple things. First, people doubted come out of the election that it was a trump rally. This is the only reason we rallied. Come out of bonds, going into risk assets, i dont think the rotation is done yet. When you say game on, what other game is there . The game is first of all, by the market. I think there are thins that are working better than others. I think there are parts that could go higher. If markets are truly raising higher, you want to blanket by everything. Things are way overbought here and we dont have anything new. Two days ago, we were weighing. Yeah. This felt a lot like the markets reaction to what happened on election night. Trump steps forward, abts president ial at a time when no one is expecting hill to. And this is reason enough to go to the races . I get why youre cautious. At the same time bank of america raises their price, 2450. Often times in this leg of the had bull market valuations overshoot. We are in this period where fundamentals are trumped by sentiment and once we start getting details. Which we didnt get yesterday. Probably correctly so. He has been bullish for a long time. Ill say this. What im satisfying andon what will stop it. Nothing has. This debt kriel which comes up very soon. You could have another 7 to 10 . The only thing derails it. Once you can quantify. Once you see what taxes are going from 35 to 25 or 15, you can start doing the math. Thats when you had sell the market. You said blanket buy. I did not say that. I dont think you can by everything. If i look at what i did today. A couple things primarily in the Technology Peace is but thats where i think theres plenty of upside. I still look at apple at 140 today. I think it is going on 160. People have been asking me forever. Where is it going to go . I said about 160. And you bought oracle. Yes. I bought some option positions as well. I think biotech has broken as well. Pulled back little bit. What did you do . Some more emerging markets. Theyre suffering tunneled growth concept. If theyre going higher, dollar correlations seem to have broken down. My own verbiage. Didnt they say theres a lot of money coming in and thats been part of market recently pushing to the upside . I think america is the best place to invest. I think financials and technology. The european market, rece recently, i look at the valuations of these two places, europe emerging and saying there is a lot more opportunity. If the u. S. Leads the world, youre going to see that. These stocks that are running and ptoday renewed them. What did you do . I bought the monsanto. That one still has down side. 115, 116. Right now im square. Ive been an ongoing buyer there. I bought them both yesterday again. As this trump rally rages on, expectations for the Federal Reserve to like rates in march are surging. They wont have to do much when he speaks on friday in chicago. But the possibility of fiscal stimulus, put that aside. If you just look at the macro indicators, the case for a rate like is looking much stronger. Look at the headline inflation. Up 1. 9 . That is the preferred measure of inflation. And look how much it has climbed over the past two years alone. You also have some comments such as robert kaplan. He had some comments here on cnbc yesterday. He said that he wants to move sooner rather than later. You have San Francisco fed john williams. His words, the rate like should be under serious consideration in march. Then of course there is the new york fed president bill dudley. He said the case for a rate like is now more compel. Thats an important word in fed speak. One caveat today, the banl book did show Business Optimism has dimmed a little. And new job support this friday. We wont get it until next week. So to get the time ts report. When does blackout period . The period which officials cant talk . It is the tuesday before the fed meeting. Thank you. Is it a good they know or a bad thing if the like happens in march . You think it is a bad thing. This on a day when the futures surge. On friday we get last comments well get from the fed. Thats when the black eye starts. Not because the market is forcing them to like and they have to again to unwind policy. If the fed is actually stepping in because they do see inflation, they do see wage growth, it is very, very positive if theyre pushing the market, if the market is pushing they will, we dont know. They said they would wait to see the economic data. I dont know if the market was up 400 s p points, i dont think they would be going in march necessarily. Basically the fed has been dl dragging. Theyve done a remarkable job. This is what i think could happen. Tim is right. If the handoff from fiscal from monetary to fiscal is done seamlessly, then they nailed this thing. If it is a little bit sloppy. So the president is taking full credit for the rally. If we see a downturn, if it were to like, wouldnt it be logical, he wont blame himself. That could create uncertainty. Back to my original opponent. Are you concerned with the fed . I am not. I think banks, financials need that rate like so i think it would be good for the market. And i think the numbers bear out that they should. Well, the odds of a rate like are so low. The other day dudley talked about that and now i think well hear more and more. It doesnt pbother me. It is what trump didnt say last night has everybody talking. Did you miss it . Well have the catch up guy adami said to buy boeing which is up. Bp engineers use robotic ultrasound technology, so they can detect and repair corrosion before it ever becomes a problem. Because safety is never being satisfied. And always working to be better. We should implement legal reforms from unnecessary cause that drive up the price of insurance and work to bring down the artificially cost of drugs and bring them down immediately. That was President Trump speaking on capitol hill last night about the future of health care and drug pricing. That kicks off our top trades. Name like pfizer, ely lilly, and johnson and johnson. Why arent we seeing more resnacks. When you look at it. We are seeing reaction. It started january 31st after the executives sat down with trump. The knee jerk initially was you cant be involved in these stocks. After the meeting, they said well limit the pricing going forward. That seemed to give a calmness to the marketplace. You look at merck sense january 31st. Pfizer. And then throw in the biotech names. You see the same story playing out. Continuing year to date numbers. It is really the january 31st to date numbers. I think it is negotiation and theyre will to work the president. Its interesting. Across the board they were trading higher. The ones that get dinged whenever you talk about negotiating prices or repeal and replace. Er i think to petes opponent, youve had these drug ceos in the oval office. I think it was a lot more rhetoric than real bite to what he was saying. I think he had to say to it rally his base or to give them something. It sounds like the same argument as before. Until there are details, weller levy everything of. I think first of all, Companies Based on merit. Being given their just do. They dont make their moan by gounli, make their money by gounling they will of. And i dont think, well, gouging people on prices. I would take that back a little bit. That doesnt matter. I think pfizer reported around the same day that the president said, were going to push back on the fda. Make the whole process quicker. Pete knows this. It takes years and hundreds of millions to get drugs approved. If you were to ratchet that back, drug prices come down naturally. I think thats one of the reasons theyve tenned to rally. I own america. Pfizer, i would say that as well. I think theyre going to that you will the trigger. They have eight drugs in late stage. 16 in middle stage. If im icahn, i would prefer to be in gilead than bristol meyer. Theyve cured a disease. So i hear you. They have a pile of cash and theyre not doing anything with it. Thats the reason. But the other side of the coin is difficult. I think these are two names that are very several plays and theyre far from excessive. Were back at this holy number. It touched three 1 in, 80 and change today. This is a market call, folks. A total proxy play. One they know trump didnt specifically mention is the border adjustment tax. Larry kudlow had this to say on squawk alley. I am told late yesterday afternoon, might have been early this morning. A meeting of conservative activists with white house representatives, were told that the white house does in fact favor the border adjustment. The president went to the waters end. Didnt quite measure it. Through legislative games, theyre going to allow votes for and against. But it will be part of deal. We saw a slight reaction on those comments. How soon can investors expect to see anything about this . Is it too soon to step in for clarity . You think you can buy retail. I think it has been thrown out. The only caveat is yesterday with target, it really gave a whole new leg of the cell side steam. So i think you can dip your toe into a lot of these things. We dont have specifics. President trump came out and said he wasnt for it. Then we know who is for it. We know about speaker of the house is for it. And we know they might do it. And the way, what you think will be or efk. I think a lot of these retail names can get over. Playing it the same way for me in retail was amazon. Retail got destroyed. Meaning it did badly. That goes without saying. Im not going to touch that. We saw the targets of the world. Best buy which said theyll be cutting some stores tochbl exception are the Home Improvement stores. Theyre going to be adding new shows. Look at the home believe, the home wealth. Look atett in the outer urban areas. It totally helps them. The stuff let yet. Who do i not the obvious sell pressure, you could see it yesterday. The ceo i thought had this she said moved and moving in the right direction. And it was. Now were finding out, maybe not so much. Onlien is great. In materials of traffic and grocery. They are getting destroyed by walmart. So the problems right now is what is the fix for target . Im not so sure. I love the name. I would love to see the insiders leak theyve done say its time to buy target. I agree with you. They made major adjustments in digital. May be bad for a long time. The groceries, this is a problem. Their all beating the you know what out of each other. Target is competing in other places. On the merchandise side, theyre recall investing in margins. With the border adjustment tax, where does that go . So staff sergeatarget is twod walmart. 2015. Traded 50 million shares yesterday. If you want to trade against 55, risk reward target. Moments ago, would any of the traders jump in at that price and should you . In the meantime, heres what else is coming up on fast. Did the market rally leave you in the dust . Dont worry. Top technician rich ross has the ultimate catchup trade for your portfolio. Plus, the dow surging to 21 k. And guy is bringing the hea team. Were drowning in information. Where, in all of this, is the stuff that matters . The stakes are so high, your finances, your future. How do you solve this . You dont. You partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. Morgan stanley. But they didnt know they were all tobacco products. E. Ooh, this is cool. It smells like gum. Yummy this smells like strawberry. Are these mints . Given that 80 of kids who ever used tobacco started with a flavored product, who do you think Tobacco Companies are targeting . Do we get to keep any . Were live on a huge day for wall street. The dow soaring 300 points and breaking through the 21,000 level. The nasdaq was up 1. 5 . The russell 2000 was up nearly 2 . Heres whats coming up. When the dow hit 20,000 way back when, 35 days ago. Guy pitched boeing and he hit it out of the park. Now his next stock. And snap chat. Weve got details on what the street is saying ahead of its first day of trading later this hour. First we start with the fast and the furious rally. It has been nothing but relentless. We go to dom chu with all the details. Relentless. Im not sure theres another way to describe whats happening. Stocks had their best day of the year and the superlatives are in full forceful 24 trading days. Thats how long it took to get from dow 20 k to 21 k. That ties the record for the shortest number of trading days to travel 1,000 dow points. The other time, we acknowledge the move between 10 and 11 is more than the 5 move between 20 and 21. According to the investment group, it has been 50 days sense weve had an intraday range like this. The leadership has been somewhat mixed. On the one hand, you have the best performing sectors since january 25th when we closed first above the key 20,000 mark for the dow. Theyre more defensive in nature. You have health care, utilities and staples. We should point out financials are the second best performing sector in that time. Energy has been lagging. Weve gotten to where more than half are trading within 5 of the recent 52week and sometimes multiyear or even record high levels. Also worthy of statistical note, stocks in the u. S. Are now still way above where they trade on that 200 a Day Moving Average base i. Yet the full run continues and well see if that trend tens. Thank you very much. With markets at all time highs, is it too late to get in on the rally . Not yet. Lets go off the charts. Looking at the one sector that could serve as the ultimate catch up trade. Do tell. That escalated quickly today. And if you want to lay low, i have just the place for you. This is one glaring weakness within the reflationary narrative. The key to untlok setup, crude oil. Youve been moving sideways. Everything else has pushed higher. Unabated. A nice bullish flag. I think youll break to the up side. What do we buy he . Xle. The worst performing year to date. The trend is intact. Right to that 200 a Day Moving Average. Keep in mind, group up. Thats your tell with the group sitting on support. When you look longer term, it looks even better. 50 crossing the hundred week. The same setup. You have the up trend. The neck line. Youre sitting right on it. One great stock to play. Chevron. Mabel youve heard of it. Double bottom base of support. You can see the 100 week. It gives you the neck line of that entire base. Youve pulled back right to the neck line. Thats your key support. We have a 1 three target. You can buy it in here. Youre going to move higher. Whats the key . It is seasonality. Over the last two years, march and april, combine them. 7. 6 . I like those odds. When the xle, the oeh and chevron pulling back. Now you have got seasonality. I like crude, i like energy. Im not even going to ask. Come on over. Did you mention rick . I. Did his real last name. Were hearing a lot about cap x spending. You want to think that they might be better. Where are you seeing it . Ill take a step back and tell you, to be perfectly honest. I spent 0 of my time. I work in a firm that has the finest energy team in all of wall street. He youll see. The setups are almost identical. A 10 or a 12 . All of them sitting on that moving average. All the same setup within the space. I dont want to say you cant go wrong with the etfs. You go digging on a stock specific level. You want to stay the course. Youre talking about chevron. 130. To the upside. If were in this environment where oil prices are good. Do i want to be in it . It is a much different story until the last couple days. For me, it is like he petroleum which is going sideways. To me, ever simpson they priced the secondary. Stock has been off to the races. I dont think anybody in particular, it is amazing to me. All the pessimism has been about oil holding the levels. Now it is a given. Okay, good. I think were at a place where oil does continue to go higher. The sideways charters had plenty of places to rally. So youre just marveling. Yes. It goes back. I let you speak. We have deregulation happening everywhere. There will be a glut of oil. Fractioning. There will be digging, drill. There will be everything you can do in the oil space. I think it is so contrived. I think thats what is fool everybody. Thats been the wrong call. I said the cap on 50. That was rude. Other than to point out, people seem to be resigned that oil is holding these levels. They are the cream of the crop. They just gave a nice deal. To 60. Throws the guys you want to own. Er occidental and marathon would be another of. Youre not a buyer of richs chevron . I like the names but it seeps like theyve been stuck in the mud. Theyve been through it all. When i look right now, the lempbl names seem to have the most upside. Im assuming you think it goes higher. Lets not overthink this. They are on did i have urgent paths. We had way too much. You have a multiyear head and shoulders place. Youve had some reasons to go higher. It has moved higher. Lets focus on that seasonality. The strongest. It is march 1st. 7. 6 . March and i am a over the last 30 years. Markets will be the final. Wow thank you. All right. Er. Now who is getting ready . 17 a share. Are the traders buying . And palo alto getting crushed. Some are betting the pain is over for the Cyber Security stock. Trading tools, give you access to indepth analysis, and a team of experienced traders ready to help if you need it. Its like having the power of a trading floor, wherever you are. Its your trade. E trade the highly anticipated snap ipo. Hey, leslie. Thats right. Snap decided to price its ipo at 17 a share. 200 million shares being offered by both the company and previous venture backers, as well as the founders. The 3. 4 billion offering size is more than twice the amount the tech ipo raised in all of last year. Pricing discussions took place this afternoon at Morgan Stanleys offices this afternoon. You can see here the executives, including the chief strategy officer, and the chief Financial Officer exiting the bank. Just an hour ago. Im told that snaps management knew as early as yesterday that they wanted to price a dollar or two above the range. They opted for only 1 above in an effort to garner more of a pop. Now snap has benefited from almost perfected marked conditions. Equity gains gained every day of the road show except for one. Snaps bankers are hoping for the same kind of luck tomorrow morning when they are expected to begin trading. One of the key sticking points of this deal is governance. Moments ago, reuters reported that had they are reviewing snaps decision to offer only naunl voting shares. Something that has never been done before. The concern is that it could cause the company to limit investor disclosure on thing like executive pay. Im told that there was a lot of demand in this deal but the key question is whether the investors will stick around. And then they have a certain percent an of the shares to remain in the hands of the buyer. There are more stringent requirements. Thats true. 50 million shares they have locked up. Something that we dont see very often. A lot of new thins in this deal. Okay. Thank you. Lets talk snap. Show of hands, simple question. Would you buy snap at 17 a share . Buy it at 17. Yes. So you say yes. If you had to hold it for a year, would you buy snap at 17 a share . No. Why would we buy it at 17 a share . In the marketplace, and not just the broader market. I think people are looking at this saying this is the next greatest thing. I dont believe it. Im already seeing the declines. And the instagram competition is absolutely impacting them. For those reasons, longer term, i would not want to be in it. Short term, yes. Ten types oh subscribed, no question they want this. No question a lot of activity over the last few dats. Were worried about the demographics. Inthats not what we should be looking at. Those are down, too. If i have to hold anything for a year, if you tell me i have to do it, absolutely not. I think theres a need for to y capacity in the the social media. Are we going to look back on this day or tomorrow and say that was the top . In terms of the market . Yes. Had they said that with every other social thing. Er . We are at record highs. Td ameritrade, schwab. That potentially could be. It reminds me when they talked about 24hour trading on the new york stock exchange. So if you asked me yesterday, i would be more inclined. What do we mean by top . It would be very healthy. To say that we could be at peak enthusiasm for this cycle. It is one more cap. Look at it now. Unbelievable. And hes built competition. Right. Lets look at the tech. Taking more than 24 after reporting more than dismal earnings. The pain is over for this stock. All the action. We saw it ten times the average daily options volume after that disappointing earnings result. They were the i am a 110 put. The early activity, it is reflecting a will tons get long palo alto. Down about another 5 from where the stock closed. Im using the fiveyear chart. I want to illustrate that this is strategy which i usually love. The stock is highly valued. The story was this was an exponential growth story but it started to level off. So love sell it im not so sure that this trader will be a win order this one though. Home run for more options action, check out the full show friday at 5 30 eastern time. We have a special edition of the fast pitch coming up. Guy adami told to you buy boeing. Youd be role in the dough if you the bought. [pony neighing] what . Hey gary. Oh. Whats with the dogsized horse . Im crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. Isnt that right warren . Well, you could get support from thinkorswims inapp chat. It lets you chat and share your screen directly with a live person right from the app, so you dont need a comfort pony. Oh, so what about my motivational meerkat . Inapp chat on thinkorswim. Only at td ameritrade. Ways wins. Especially in my business. With slow internet from the phone company, you cant keep up. Youre stuck, watching spinning wheels and progress bars until someone else scoops your story. Switch to comcast business. With highspeed internet up to 10 gigabits per second. You wouldnt pick a slow race car. Then why settle for slow internet . Comcast business. Built for speed. Built for business. Welcome back. Lets get to susan lee. I dont need to tell but the most important metric when it comes to restaurants, for shake shack, it came in half the rates that analysts had forecasted. Just 1. 6 . Yes, they raised their revenue guidance and they would open one more store. But thats not enough to justify its rich valuation. Their sitting at more than 60 times projected earnings and maybe far off the days when they traded. Still 30 to 40. Now in the earnings call, they pointed to softness in sales in home run november. They need a current cfo sense the current one plans to leave in the middle of the month. They still havent named anybody. Thats a bit of a concern. Had theyre looking to get back 22 to 24 billion to shareholders over the next three years. They say that satisfies are expected to grow 3 to 5 . And that will drive earnings by the high Single Digits over the next three years. Thank you very much. Pete, would you rather . Shake shack or mcdonalds . Mcdonalds. Ill take it every time. They have to improve the menu. Playing it more streamlined. Theyve add mobile payment. That will speed up some of the drivethroughs and i think that will be helpful of. Theyre talking about how theyre using some International Offerings as a way to speed it up where they have 14,000 or so locations. 12,000 or so are free standing. I think it is a company toward take the next move higher in terms of appeal. The core audience is very happy. And theyll deliver. Theyre going to start delivering in the United States and europe. Mcdonalds really knocked cover off the ball. You know where im going. Dominos knocked cover off the ball. If you go back could this be a mcdonalds dominos moment . It could be but they have a lot more issues than dominos did at the same time. To wrap up my dialogue on this shake shack, 43 short interest. Be very careful. It is time for a very special edition. When the dow hit 21. It has been surging. What had is he going to pitch next . Go ahead. Are you okay . Thanks. I appreciate that. Thats a great setup. Goldman sachs, youve been talking about this forever. And ill give you the three reasons why. Tens to price in deregulation. What does that mean . I dont know if deregulation is going to happen. The market is not waiting around for to it happen. Theyre getting in front of it. Number two. The stock is undervalued. We talked about this. It is not about p. E. It is about price to tangible book. When goldman reported, they said it was 170, 260. Im not it goes back. But it goes to 1. 8. Do the math. A 310 stock. And holding above previous high of 257. Oh, bang i screwed it up. October 31st, 2007. 250. 70. Were hoeing above that level now. Those three reasons, i say go long. Do i look at guy or the camera . Look at me. The former price to book in a current contest. Youre talking about numbers are meaningless in todays market. If you remember the peak, goldman was around 26, 27. What i am suggesting in the world of deregulation. Dodd frank goes away. More deals. I feel like you picked this stock the pitch because you knew these guys. Conspiracy. Lets vote. He throws he a lot of pitches out there. Im going to have to buy this of i think financials are going higher. Im not sure they live by the same valuations. It is a buy. Thats goofy. My happy dance. Hell be even happier. Buy, buy, buy. Joker it up next, this tech stock. Good job. Up 26 year to date. That has him wanting to buy. Whether its connecting one of the worlds most innovative campuses. Or bringing wifi to 65,000 fans. Businesses count on communication, and communication counts on centurylink. Termites. Were on the move. Hey rick, all good . Oh ya, were good were good. Terminix. Defenders of home. At bp, we empower anyone to stop a job if something doesnt seem right, so everyone comes home safely. Because safety is never being satisfied. And always working to be better. Its time for the final trade. We talked about oil, marathon earlier. 18,000 bought yesterday. 10,000 more calls bought today. Im in marathon oil. Its going higher. Square. Ive been buying it a while. I think it has about 20 left for the upside. A big call. Im going oih. For you nhl fans out there, he hope your teams made the proper trades by the deadline. Trade westlake kechemical. They should move up. Dont go anywhere. Mad money with go anywhere. Mad money with jim cramer starts right now. 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 is not just to entertain but jatd. To so call me at 1800743cnbc or tweet me jimcramer. Sell the news. The trump rally is tired. The guys to divisive. Hell never get anything done. Time to