Developers conference in san jose today. Lets get straight to josh lipton with the highlights. Melissa, this was a developer show. But there was plenty of hardware news here today as well. You can start with that new device apple just unveiled today, they call it homepod. A Smart Speaker that will cost 349. It will be available later this year. Siri activated. To allowing users to call up music, messages, news, all handsfree. A shot at others who sell Smart Speakers. We have such a great portable music experience. But what about our homes . We think we can do a lot to make this experience much better. Just like we did with portable music, we want to reinvent home music. Apple also went heavy on the mac today announcing a number of refreshes to that also. A new machine coming later this year it calls the most powerful mac ever, 5k display, 5,000. But this was a developer show, so the big focus was on software. Apple unveiling a new feature peertopeer payments, that would be seeming to take a direct shot at Similar Services from square and benbo. Thank you very much, josh lipton. Lets check how apple stock has performed. Mostly good news. Last year the stock was up 9 in the three months following the conference. 2015 was the worst, down 13 . So given the historical trend, and after what we saw today, are you a buyer of apple, dan . Not really. Listen, todays news is supposedly a software event. And the upgrades to the ios device. To give you a look into the phone operating system, it will be on the new hardware in the fall. But we dont know what that hardware is. I think it was interesting they previewed two hardware devices, they dont normally do this, the homepod and mac pro, that will be out later in the year. I think they felt the pressure to get stuff out there. The Software Front was evolutionary, no doubt about it. A lot of the other services are out there on other operating systems. They need to deliver on the hardware. Were going to know that in the fall. I think it was pretty much an eh sort of thing. Down a percent and a half on the close. That was the downgrade. I think a lot of the excitement, a lot of the anticipation about the hardware and the iphone 8 coming out in the fall, sends the stock up. Favoring saying alphabet. An interesting drop in terms of the research. I dont know. Comparison between the two is lost on me. But as you know, for the last eight years, im not all that bright. So we were having this conversation before the show. Whats the right multiple for effectively a Hardware Company trying to transition, that has midteens to highteens earnings growth, with cash that no other company on the planet has. The pacific quest downgrade, 145 price target, only 5 or so from where we currently are. I thought the stock would rally into earnings early this year. Its rallied another 20. How do you trade the stock . I think you stay the course here. Theres nothing to indicate its off the rails in any way. I want to stick with the valuation notion. I think a lot of people are struggling with that particularly after a 30plus percent rise yeartodate. For at least this year, just focusing on this, weve been trending toward the expensive side for the past five years, right . Pretty much at the highs for the past five years or so. In terms of that, how do you break it down in your head . In my head, im not long, for one. Although i do feel maybe theres a floor here until we see the new phone. But it is predominantly lets look at this 80 hardware. Whats the right multiple for a haired wear company. Lets say its ten. That leaves the rest of the Company Trading at an extraordinarily high multiple. Even with the cash, i have a hard time reconciling that. Obviously i wish i were long, because its up a lot. But i wouldnt jump in right here. But if the market continues higher, the names that have done the heavy lifting will continue higher as well. And switch to alphabet, up 27 yeartodate. Apple up 33 yeartodate . I think you almost have to hold your nose and buy it. When samsung phones were exploding in your ear, that was the defining moment and when apple took off. Whos buying it now. There is a massive buyback. So even when no one else wants to buy it, i do believe its a floor on the stock. History has proven that this week might be a down week for the stock. We just showed it, that a couple of weeks out, this proves to be a buying opportunity nonetheless. If the market hangs in, these stocks, all those stocks are going to heres the problem we have. In the last quarter, the stock has gone up since they reported in may 2nd. Tim cook said they actually missed the iphone number because of the leaks of the upcoming phone. What do you think the guidance is going to be in this quarter . I think theres a bunch of near term headwinds. Its not a slam dunk that this tenth anniversary iphone is going to be something that theyre going to have a lot of, or great demand for. 1,000 price point. If youre telling me the iphone 8 is the same as the 6s and 7, im not so certain youre going to hath super cycle. According to the leaks, its going to be endtoend glass. Thats the highend phone. This is the highend phone, and you would expect early adopters to upgrade to that phone. I would not expect you know, the whole super cycle upgrade thing is the notion that theres 200 to 300 million iphones in use right now that are two to three years old. B. K. Has the 3g. The tiny little phone. Hes been waiting for this. But this is the risk to the story that its just an incremental upgrade. Weve just seen the ios 11. If the hardware is not exciting enough, why would you upgrade. Apples upgrade was a 6. Isnt it time to upgrade . But the 6 looks exactly like this. If the major upgrades are coming through the software, im not so certain people are running out to spend 600, 700 on a new phone. Maybe this is the problem in the long run, just a shell for the software updates, which it can handle theoretically. Thats the history of hardware in general over the 45b9 30 years. Thats the question that were talking about, as it relates to how do you value a company that gets 65 of their sales from hardware. The history of technology theres never been a company to maintain the margins theyve had in the mid40 on hardware. At some point somethings got to give. A lot of bulls will point to services. Services was 13 of their sales in the last quarter, and only growing 17. 5 in the last year. Not the sort of thing you should put 50 multiple on that growth. Its just not there yet. I think the belief is that services, which is midteens in terms of the revenue, can grow to low 20s to mid20s. That i think is the focus. Thats the case that pete makes all the time. Whether its true or not, were going to find out. But when they played that the sound on tape. Sound on tape, did you hear the gasps in the crowd when he mentioned bring that up. The believers of this company are steadfast in their belief. Theyre not going anywhere. The apple diehards are not only diehards for their products, but theyre absolute diehards for their stocks. About 2,000 different stocks, people wouldnt bat an eye. If you say anything remotely bad about apple, we all saw it, i believe people are true believers in the company. Its actually amazon and tesla now. We dont care about apple anymore. Its amazon. You know, the Roger Banister moment in big tech. Right. You would know mel has no idea. Okay. Shortly after that, everyone could run a fourminute mile in the elite class. I guess to your point, i would rather be in a nonhardware business. Gene was at the apple conference today, and joins us now. Gene, did you see anything that gave you a glimpse into apples future today . Reporter absolutely, there was actually really big news. It was revolutionary news. It will probably slip below most peoples headlines which is about the homepod. But this is around ar kit. What they showed, and weve been closely following this a. R. Theme, what they showed today was a light year ahead of Everything Else thats out there in a. R. Thats going to be available this fall. And they also announced that hundreds of millions of iphones will be able to do that kind of a. R. And to put that in the comparison, an a. R. In rich platform, the competitor would be tango. And theres some 10 million. This isnt just about doing pokemon, this is about doing many other different a. R. Apps. Ill leave you with one other thought here, a. R. Is going to be the operating system of the future. This is the right place for them to make those announcements and theyre really putting the hammer down on a. R. Today. Just to unpack this a little bit, a. R. Is released to developers so they can develop apps within the that are offered within the store that use a. R. . Reporter exactly. Theyll use the Computer Vision part of the iphone. The iphone will be the device of the next five years. But eventually its going to be veritable. The a. R. Kit will allow developers to build rich a. R. Experiences far beyond what weve experienced in a. R. Today. The demos that they showed today i think really caught peoples attention. Were just having a pretty robust discussion here on the desk, gene, about apples multiple valuation. Karen was making the breakdown, karen, youre saying 80 of it, 80 of the multiple is hardware. And so, therefore, it may be a hardware multiple. The majority, overwhelming majority by a lot is hardware. Which should get a cheaper multiple than services, leaving that service multiple, even with the cash, something thats extraordinarily high. How do you work through that, gene . Reporter well, their hardware piece, they gave up the 96 satisfaction. The work that weve done, theres about 93 revibrate on our iphone. In some ways, this idea of iphone as a service to the hardware almost becomes a service because this is a utility. I understand that it takes many years for the multiples on these stories to change. But as investors get more comfortable, that iphone hardware franchise is more of a 0 to 5 grower, i think the multiple on that hardware business can rise. Gene, so back to the services and software stuff. Today they announced they have 27 million apple music subscribers. Spotify has 55 million subscribers. How do you get the arms around the fact that this is a company with 1 billion installed base of devices that theyre so badly behind spotify . Does it give you a heck of a lot of confidence to they can build this suite of services that makes their hardware much stickier . Reporter any given service has not been particularly successful. The music example is a great example of that when you compare to spotify. But i think if you look at it collectively, their services are between 12 and 15 of revenue. I think that thats something that is growing at a steady 20 rate. I think the broader platform theyve built outweighs some of the negatives you could look at relative to a competitor. Gene, the bottom line is, you would buy this stock here . Thats what your recommendation would be . Reporter yep, thats right. I think that the stock will continue to move higher over the next year. I think it will probably sell off just before the new phone comes out. It has to. So many people made a lot of money in this trade. Ultimately its going higher. Gene, good to see you. Thank you. Reporter thank you, melissa. Thats what you said, grasso it will be a buying opportunity. This week historically at this conference, a buying opportunity. The only outsized one was the split year. Where it actually traded up that week. But in history, youve seen this week the buying opportunity and then weeks out, months out, it is definitely higher. Are you in the camp of gene in terms of the selloff . I dont believe theres a lot of upside. Genes talking about the a. R. , the developers kit. When do we get to see the results of that . Its really making certain stuff stickier. I think theres a lot of risk into the fact that this highend phone is going to be what everybody expects it to be. Im not expecting the lower end stuff to be that much of a driver. Im not expecting a huge contribution from china or india for the balance of the year. Youre eagerly awaiting the a. R. Kits. You have no idea. I go to bed at night, the a. R. Kit is coming. Yeah, sure. Sure. What is the a. R. Kit . Oh, yeah. Augmented reality. What were you going to say . You a buyer . On the back of that, no. But what i will say, im not suggesting its going to get there, but if were all in somewhat of accord there might be a selloff, im not suggesting it gets to this level, but those old highs from 2015, the number we talked about for a while, 134, if you want a level to have in your sort of diary, where i should buy apple, that would be the level that i would look to get into it in a meaningful way. Coming up, President Trump tweeting about the need for a travel ban. With u. S. Tourism already on the decline, we hear what some of the top travel people say about the threat. Will investors keep pushing the sell button . Later, something strange is happening in the currency market and commodity markets. Could be a major warning sign for stocks. The chart master will break it down when fast money returns. Were on to you, diabetes. Times up, insufficient prenatal care. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. The future isnt silver suits anits right now. S, think about it. We can push buttons and make cars appear out of thin air. Find love anywhere. Hes cute. And buy things from, well, everywhere. How . Because our phones have evolved. So isnt it time our networks did too . Introducing americas largest, most reliable 4g lte combined with the most wifi hotspots. Its a new kind of network. Xfinity mobile. Welcome back to fast money. President trump tweeting this morning, recommitting to a travel ban here in the u. S. And the tourism to the u. S. Has been on the decline since he took office. Travel stocks have yet to feel the heat. Theyre continuing to hit alltime highs. Melissa, i would still call it a resilient tourism and hospitality sector. Last year we saw record tourist arrivals. The u. S. Department of commerce forecasts that there will be growth for the next five years. So weve seen shares rally so far this year. I would call it a bullish time for the hospitality names. Lots of points of optimism, discussion here today. But there were also topics of concern, namely the travel ban and terrorism. We caught up with the Largest Hotel groups, marriott and the ceo who is fearful trumps tweets might be sending the wrong message to global travelers. The question, of course, around sometimes these tweets that come out early in the morning, talking about a travel ban, they are very blunt. Theres no nuance in it. Theres no welcome in it. It is essentially communication to the rest of the world, we dont want you to come. So if tourism numbers do fall off because of the discussion, or the threats of a travel ban, it would impact a sector that employs 8 Million People in the u. S. And also americas largest services export. Obviously i understand why the administration wants to. We have to do it in a balanced way, recognizing that theres also a huge element of the a huge component of the economy that relies on tourist arrivals. Another big point of discussion here at the nyu hospitality event, the terrorist attacks in london over the weekend. Most ceos here believe that the impact will be shortterm. It will be localized. Because cities do bounce back. For instance, western europe, which has suffered over a dozen deadly terrorist attacks in the last two years, is the most popular Tourist Destination in the First Quarter of this year. It goes to show, melissa, you really cant keep travelers away for too long. Back to you. All right. Susan, thank you, at the hospitality conference. You see that in priceline shares. Guy, i know youre a big fan of priceline. Eadvantage list. Evangelist . Yeah, a big percentage of their business is europe based businesses. The last quarter was surprisingly not good at all. The stock acted in kind. Listen, weve heard other fears that should have affected priceline over the last couple years. Has not. For whatever reason, this quarter did. Whats interesting to me, they had marriotts ceo talking. That stock, think about it, in the fall was a 70 stock. Its no 110 stock, give or take. The move in the stock has been ridiculous. Historically youve never seen a move like this in marriott. The question is, is it worth the valuation . It trades close now to 25 times forward earnings. I think marriott is way ahead of its pace here. Across the board, windham up 33 . You were talking how it hasnt hit the stocks yet. Weve heard this rhetoric before, heard the tweet storm before. There was a minor blip as far as buying opportunity. All of them, to guys point, have rifled back. So i dont think that this ban will ever be passed. I dont think it will ever come into effect. I do think you can still buy. The Discretionary Income that people want to spend, they choose to spend it on experiences. Its basically a vacation stock environment. I still think you can buy these. For the Airline Stocks . Remember, its a lot of u. S. Within the u. S. Travel as well. Right . The Airline Stocks, maybe this new faa moving it out, having it be a separate entity, that would be a good thing if that came to pass. I am a little bit concerned about the foreign travel. But also, this the laptop ban, potential potential laptop ban. That is, i think it will make it more difficult to fly. If anyones flown with kids, this is a nightmare scenario that i cant even describe to you. But maybe thats a chance for airlines to have more sell more services. I dont know. Theyve had a great run. Theyre not cheap anymore. They were cheap are you trimming . Im staying with them for now. Okay. Lets get todays buzz kill. Snap down 4 as jpmorgans Media Company targeted to 18 from 20. Slower ad sales and user growth could hit the stock. Plus we mentioned this before. Jpmorgans highlighting this. The companys got a looming lockup expiration at the end of july when nearly 80 of its shares could be up for sale. Take a look at some of the other big ipos and how they did after their largest lockup ex per rations. Facebook, after a rough six months jumped 11 . Twitter had a different fate falling a whopping 18 . Alibaba was down 3 . Grasso, what do you think . I think youre going to get another shot at the ipo price, 17. We talked about it the last time. You might get a shot at the 17 level. It bounced at 18. Everyone sets up their algorithms way ahead of where the herd is going to be. You eyeball the 18 recent low and ultimately 17, you might give it a shot just for a trade. It was one of the underwriters on the deal. So, you know, it makes sense. I dont think theres anything particularly new. It makes accepts to keep an eye on this. I think steve is right, it will probably go back to the high teens. The low in the aftermarket was like 17. 25 . But that day we had mark cuban on, you asked him pointblank, what are you waiting for, mark . He said i want to wait to get through the lockup. I dont think any of the fundamental would be a surprise. But i think theres a lot of people waiting for it to get back down there. What if you wait and it never happens . Maybe the lockup comes and goes . It doesnt mean you have to sell. I have no idea whats going to happen. I think if you get back down to that level, its going to blow through the next time down. It traded may 11th. Traded about 135 million shares. And we flagged 17 bucks as an entry point. Three days later it was trading 22. The point now is, stay long the stock and stop out now is the levels we just talked about. Coming up, a new drug that should have had a stock rallying. Well hear from the ceo, and what is missing, in an exclusive interview. Heres what else is coming up on fast money. I have sinned. Well, dont sweat it. Because turns out, sinning can help you beat the market. And well give you the stocks that are cashing in on sin. Plus be afraid. Be very afraid. Thats because crude and the dollar are doing something very strange. It could spell trouble for the broader market. Well tell you what that is, when fast money returns. [vo] when it comes to investing, 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. No splashing wait, so you got rid of verizon, just like that . Uh huh. I switched to tmobile, kept my phone everything on it oh, they even paid it off wow yeah, its nice that every bad decision doesnt have to be permanent now you can ditch verizon but keep your phone. Well even pay it off when you switch to tmobile. Ready or not, here i come. Ek. anyone can dream. Making it a reality is the hard part. Northrop grumman command and control systems always let you see the complete picture. And were looking for a few dreamers to join us. Welcome back to fast money. Were live at the Nasdaq Market site. Heres whats coming up in the second half of the show. Sin is in. Could this be your best way to beat the market . Plus, juno tanking after releasing new data at a major drug conference today. The ceo of the company said investors are reacting to the news totally wrong. Well bring you the comments later this hour. But first, oil under pressure today after a number of middle Eastern Countries said theyre cutting all diplomatic ties with the nation of qatar. Hadley . Reporter its nothing less than the most severe disruption of diplomatic relations in the gulf arab states in decades. Its been a long time in the making. Basically what weve seen over the last 24 hours, saudi arabia, bahrain, egypt and the united emirates accusing their neighbor, qatar, of basically backing terrorists. This, of course, comes after many years of questionable Foreign Policy moves, basically weve seen qatar supporting hamas, a billiondollar payout for hostages that many say most of that money went to iran. And the big question, of course, Going Forward is, what this actually means for the trump administration. Just a couple of weeks ago, u. S. President donald trump very successful trip to saudi arabia. He said he was going to be bringing the muslim world together. And now this. Lots of questions about whether or not this is going to have major implications for u. S. Military installations in the gulf arab countries. We have four of them, one is in kuwait, one is with bahrain, and two in qatar and air base as well as army base. Potential big problems for the administration Going Forward, guys. Thank you very much, hadley. Well, oil is not the only one getting hit. A number of other commodities are also down on the year. One technician is seeing something very unusual in the charts, that could mean some bad news for these stocks. Carter is over at the plasma. Hes going to break it all down for us. I think what we know is that the riskoff has been on all year. All the things that were chased have not only been unchased and abandoned, theyre likely getting worse. But i want to focus on commodities. And then go from there. I think weve got we know this is a debacle. Not even worth talking about it. I dont even have it in my slide deck. Crude is a mess. I dont know if i have some of the other charts here. Sometimes this will move forward or not. If you were to take a look lets start with the dollar. The presumption is, and the longterm relationship between the currency and commodities is obviously weakening dollar, presumptively gives back when tailwind to the commodities. Weve had this weakening dollar all year. And yet, commodities have been under pressure. Lets go around the horn here quickly. The first one i have is iron ore. As the dollar is weakening, which should help this, iron ore is collapsing. Moving on. Weve got nickel. No longer an option. Not getting help from the weakening dollar. Next. Rebar. Stuff that goes in the roads, holds the concrete together. You can call it a lot of different things, but you cant call it a good pattern. Keep going. Zinc. We have this topping out formation. As the curve is flattening. And the dollar is weakening. Not helping anything. Tin. All the same picture. I could do this forever. Okay. Heres one more. This is an index of actually stocks, about 65 leading steel stocks around the world. It, too, has all the look and feel of a headandshoulders top. Right shoulder is weak. Heres your neckline. Looks like more to come. All right. None of this is particularly good. Here is the crv, all commodity index. Youve got cotton, and cocoa, corn, youve got oil and gas, youve got them all. And all that im seeing here is something thats hovering at well low. It looks as though its going to break again. Hovering at 52week lows. Lets quit on that. So this is the continuous contract of all commodities. You get the huge bumpup. 70s inflation. Then you get this big range, and to china, the runup. The plunge on the 09 low, you get the ricochet, its getting a lot of colors here. And then weve given basically the whole thing back. I think ultimately were going to get back to those lows. So commodities, lower, getting no relief from weakening dollar. Deflationary forces. The curve tells us this. Its not good for these stocks. Come on over, carter. Wow, unilateral decision, you didnt even ask us. Anybody with music has got to come over. Zeppelin intro, that is rocking, man is there any i guess this isnt necessarily in your wheel house, but any correlation in the rollover in commodities with Economic Growth . The assumption is Economic Growth around the world is picking up. That its better than in the United States. Maybe thats an old line view of its a little bit backward looking. There are a lot of things that can cut the other way, right . For instance, look at the action of john deere or caterpillar tractor. Theyre fantastic. The biggest movers of things and diggers. You can argue none of that is right. Yet theres a lot of wisdom in that price, and the shanghai composite which is rolling over. How do you square all that off. What we do know is that the data is not as robust as it would otherwise need to be. To hold this stuff up. What do you think . So youve been a i dont want to call you a gold bug, but a spot in your portfolio for gold. Ive been long the miners. I keep a certain percentage of my money in the miners waiting for the spike higher. Up 8 percent yeartodate which is nothing for the miners. No one knows whether its inflation, deflation, volatile times. How does it make you change your stance on gold . People think that you have to have an inflation, or prospective inflation to make gold work. I think its when the missiles fly. Sometimes that doesnt work either. I dont think it has to always have that correlation. What we do know is that gold had a great run. Peaked in 11, and had a great collapse. For the better part of lets say two years its been trying to find its footing. While the miners havent really kept up with the metals, you still have more upside potential than downside risk. Obviously we have low rates, weak dollar and low commodity prices. Obviously all should be tailwinds for u. S. Stocks. But is there, you know, the juxtaposition about what the former are telling us about the Economic Growth . I think what it means for u. S. Stocks is people are actually the behavior is rational, people are bidding growth up, as they should. When thinks are questionable, a mousetrap is ochting on its own, whether you solve alzheimers or have a facebook that keeps growing. That is independent of shanghai. Independent of putin. Independent of trump. Independent of the dollar. So people are crowding into those names. The real risk, though, is not so much the ones that are growing, the amazons and googles, its the bidding up of mature growth companies, marriott, mcdonalds, baxter, that dont have the growth that the real Growth Stocks have. Are you saying those three stocks are sells . I would sell all three of them. They are being crowded into at the same rate as some of these growth type stocks. But theyre at record multiples. I could probably rely on karen for that. Theres no such thing as a growth stock. There are only stocks in growth phases. Thats the issue. Let me ask you, did you say that the commodity charts were backward looking . No, gdp is backward looking. And how forward looking do they tend to be . Six to nine months, like Everything Else that looks forward. Carter, thank you. Good to see you. Yeah. What do you do with this plethora of knowledge and wisdom . The real question is youll get in big trouble. Is it a supply thing or global economies are slowing down . Thats a debate weve had for a long time. If tim were here, he would talk about supply, economies are getting better. Im not sure what the answer is. Im sure of this, exxon has not traded well now since february. Its been trading between 80 and 81, around 52week low. Just like i say, the market doesnt give you ample time to sell the high. In this case, i dont think its giving you a lot of time to build on the low. I dont think energy is investable until exxon bottoms out. I dont think it has yet. I think you can put it together with the jobs data we had. If you look at the average of the jobs over the first three months of q1. The ism number this morning was disappointing. And the bank stocks here, to me, i think is a big problem. And the curve. And hes back. We left the door open. Sorry, guys. This narrative is pretty straightforward. Now we have no more time left. Thanks. Still ahead, the best drug ever. So why was the stock down 10 today . Meg terrell sat down with him earlier and will bring those comments. Casinos and whisky and smoke. The day in the life of don chu, with a very sinful report. Dom . All right, guys, sinning is winning at least when it comes to these stocks. Coming up after the break, were going to tell you why its good to be bad in some of these stocks, doing a heck of a job along with this. Stay right here. Fast money returns right after the break. And packages. And its also a story about people. People who rely on us every day to deliver their dreams theyre handing us more than mail theyre handing us their business and while we make more ecommerce deliveries to homes than anyone else in the country, we never forget. That your business is our business the United States postal service. Priority you we created the ripple the doughnut in a doughnut in a doughnut. Right away, it was a success. I mean, it really took off. What people dont know is that it all started with points from my chase ink card. I bought the ingredients, utensils, even custom donut cutters. Wow all with 80,000 points. What will you create with your points . Learn more about the ink business preferred card. Rays always been different. Last year, he said he was going to dig a hole to china. At t is working with farmers to improve irrigation techniques. Remote moisture sensors use a Reliable Network to tell them when and where to water. So that farmers like ray can compete in big ways. China. Oh. He got there. Thats the power of and. I am benedict arnold, the infamous traitor. And i know a thing or two about trading. So i trade with e trade, where true traders trade on a trademarked trade platform that has all the. Get off the computer traitor i wont. cannon sound when this guy got a flat tire i wont. In the middle of the night, so he got home safe. Yeah, my dad says our insurance doesnt have that. What . you can leave worry behind when liberty stands with you™. Liberty mutual insurance. Welcome back to fast money. Spinning is winning, at least for investors. Wynn stocks are up. Consolation brands up 20 . And Las Vegas Sands jumping 17 in 2017. So what are the catalysts driving this group higher . Breaking it all down is a man who knows a thing or two about sinning himself, dom chu. I have no idea what you guys are talking about, but ive heard that sin is in. Because not everyone has decided this is the trade to be in. More like the semiperfect storm, if you will, of many investing themes, stocks tied closer to sin. Youve got consumer staple stocks, different tend payers there. Tobacco stocks have been smoking, Like Philip Morris International up 32 . M a activity is part of that. Of course, lower relative Interest Rates also make these dividend payers like tobacco stocks attractive. Alcohol in the mix also. The beneficiary of some takeover chatter. Consolation brands might also be trading on odds of whether a u. S. Border adjustment tax gains any traction. And well end on the single best performing stock, a Consumer Discretionary name, wynn resorts up by 55 yeartodate. Thats what you got for waking up in vegas, i guess. Vegas part of the story, but more about gaming revenue growth. By the way, expanded for the tenth straight month this past month. As for me, melissa, i was just down in Atlantic City for the lpga shop rite classic. Headed down there again this week. Im sure people will find me at the tables in a. C. At some point this weekend. It was a pro am event. Were all winners. All participation trophy guys. Not first . Did you win any money . I did walk away a winner. I caught a little bit of a hot streak. In classic fashion, i stayed at the tables a little bit too long and gave most of it back. Ive seen you in action. Dom, thanks. Which of these sip stocks . Wynn resorts. He just talked about the ma cow gaming. What do you do when you wear a pitchers mitt and go off to the plasma . Fast pitch. I will continue to talk about the merits of seed wynn who has been buying the stocks when it had a 50 handle. The valuation is not rich. Im up 18 . 11 yeartodate. To doms point, some chatter obviously, perspective m a in that space. Ill stay long in m. O. I dont love to gamble. But i did think wynn, i think you were 3 for 4. You were the fourth. Of course. Where were you . I was away. Im just going to do wynn for options in a minute. Not much more to add. Then go over there. What do you have to say . Nothing. You just said it. Go over to the plasma. Heres a stock that, like mel said, up 55 on the year. Its not going to report again until early august. We had steve wynn on the show last month. He sounded pretty bullish about their business in macow. And some of the developments theyre doing in las vegas here. So today, one trade that kind of caught my eye when the stock was trading about 133, very near a 52week high, there was a buyer 130, 120, put spread. What theyre doing that, 1,000 times by 2,000. Look at this chart here. Guy was talking about this. I know hes been big bull on it. Very rangebound for months and months and months. It broke out here. One of the things that i think is interesting about this trade, its really targeting that breakout level down at 120. Lets go to the next chart here. Its really important to remember, this stock is up almost 150 from those multiyear lows. Its still down about 50 from those alltime highs made in 2014. Whats interesting to me is carter just mentioned this shanghai is rolling over. Obviously this is a big play on macow. 65 or so. This is a better way to play a chinese reflationary trade. Maybe its a little protection against the long. The stock is up 55 yeartodate. Theyre opening up, not today, but mgm is opening up mgmkotai. Wynns already got a property there. Theres a lot of supply coming on. Youre going to say thats going to happen in the margins . Thinking what the bears might be seeing. I think thats a great bear case as well. Theres also Growth Opportunities in las vegas. Mr. Wynn mentioned it himself. The only reason they havent expanded in vegas is hes been too busy in macow. I think they can pick it up on the other side in vegas, thats just my opinion. Check out the full show friday 5 30 eastern time. The ceo of juno said the company has the best drug ever. Why is the stock tanking . Well hear from the man himself. Youre watching fast money on cn cnbc, first in business worldwide. Im here at the Td Ameritrade trader offices. Steve, other than making me move stuff, what are you working on . Let me show you. Okay. Our thinkorswim Trading Platform aggregates all the options data you need in one place and lets you visualize that information for any options series. Okay, cool. Hang on a second. You can even see the anticipated range of a stock expecting earnings. Impressive. Whats up, tim. See options data like never before. With thinkorswim only at Td Ameritrade. Our 18 year old wase army in an accident. 98. When i call usaa it was that voice asking me, is your daughter ok . Thats where i felt relief. Were the rivera family, and we will be with usaa for life. Its what busch is known for. What are you known for . Oversharing. In fact, i have this thing. Nope. Nope. [sfx buschhhhh] money. Drug stocks on the move today, the biggest names in the smas at a conference in chicago. Meg terrell is there with the latest news. Hey, meg. Hey, mel, the Worlds Largest research conference. Lets start with the gainers. The biggest one out of the whole conference is a new Biotech Company only a few years old. The stock up tremendously. Closing 43 up today after data over the weekend. Rare cancers driven by a genetic mutation. Puma biotech has been up earlier today, giving back some of the gains. But really, in the green based on sort of a sigh of relief around competitor data in breast cancer. Roche on the other side of that. Bluebird bio ending up positively in the new program in multiple mile loma. The winners for the day. We mentioned roche earlier, that stock down today on the update in breast cancer. Not looking quite as positive in terms much the benefit adding there as investors had hoped. Also, seeing bristolmyers declining there. This one, of course, competing heavily in the amino oncology space. Some folks staying on the Competitive Landscape on lung cancer. Incyte also falling. Giving back some of the gains weve seen in the two weeks leading up to the conference. Finally, Juno Therapeutics started with a pop. Reversing that, closing down 11 . We caught up with the ceo of juno who was pretty optimistic. We think when you look at the overall data that we reported, we think weve got a good chance at being best in class. So right now, were behind another company that are slightly ahead of us. But we feel quite encouraged by the data we posted today. If that kointcontinues, i thinke got an important drug to help these patients. Jpmorgan putting out a note saying it was a curious thing, the stock ended up down so much today. A weird trade there. Especially given how optimistic the ceo is there. Thank you very much, meg terrell. Really long days at the conference. I like juno. I talked about it being the 100 table. 26. 50 stock, traded down 23 and change. The knock on juno would be a cash burn. No burn from 250 to 300 million this year, which is a significant sum for a company with their balance sheet. The upside is, go back and look at what jads did with celetor about a year and a half ago in the same space. The immunotherapy is the space to be in. If they get it right, the stock doubles, if it misses, its a teenager. I cant take that kind of risk. I absolutely cant do it. I cant believe this is coming out of my mouth but the one stock i know in the space is valiant. Its not even that on point. But we talked about it before. An option with some life. If you really need to be in the space, youve got to do the ibe or xpi. It had a little fallout today because it got tied up in the citron report. I hope its a lottery ticket, upside. One tech stock hitting at all time highs. But grasso said it even has more room to run. Stay tuned. Hey, the future, whats her problem . Apparently, i kept her up all night. She said the future freaks her out. How come no one likes me, jim . Intel does just think of everything intels doing right now with artificial intelligence. And pretty soon ai is going to help executives like her see trends to stay ahead of her competition. No more sleepless nights. Were going to be friends im sorry about this. Dont be embarrassed of me, jim. Im getting excited about this we know the future. Were going to be friends because were building it. Say carl, we have a question about your brokerage fees. Fees . What did you have in mind . I dont know. 4. 95 per trade . Uhhh. And i was wondering if your brokerage offers some sort of guarantee . Guarantee . Where we can get our fees and commissions back if were not happy. So can you offer me what schwab is offering . Whats with all the questions . Ask your broker if theyre offering 4. 95 online equity trades and a satisfaction guarantee. If you dont like their answer, ask again at schwab. Deartheres no other way to say this. Its over. Ive found a permanent escape from monotony. Together, we are perfectly balanced. Our senses awake. Our hearts racing as one. I know this is sudden, but they say. If you love something set it free. See you around, giulia 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. Final trade time. Steve grasso . Square up 71 yeartodate. Get educated, its going higher. Karen . Yes, we had some emerging market exposure out of the United States. Eww is mexico. Yeah, priceline, all that news on the travel front. I think we take profits here. Sorry, guys. Youre antiguy on priceline . Of course he is. Thats okay. Did you like juno the movie . I think Jennifer Garner aeu at the end. Ellen page. It was juno, juno. The movie was lousy. You like the stock . I like the stock. I still like the stock. Back to you. Im melissa lee. Thank you so much for my mission is simple to make you money. Im here to level the Playing Field for all investors. I promise to help you find it. Mad money starts now. Hey, im cramer. Welcome to mad money. Welcome to cramer america. Im just trying to make some money. My job is not just to entertain you but to educate you. Close watchers of mad money know i do play one on t