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Through tech, but a number of others staples getting naileded even banks gave up much of yesterdays gain if rates continue to rise on fears of Central Banks, can stocks continue to rally or will with see another taper tantrum like sell off. I think if you go back to the taper tantrum of four years ago, which is when we coined this annoying term, the s p pulled back about 5 , but bottomed literally almost four years ago today. Other Asset Classes sold off 15 . We went from 165 on the tenyear up to 3 could duo that here . I dont think so but i think what you have here is the central bank across europe and across the boe. We talked about this all week. This has been the story all week not just today bond yields move up 80 . I think the its a great environment for banks. For reflation trades i think emerging markets will do better this time will equities be unnerved for the next week or two if this continues . Absolutely what you saw today about 7 00 in the morning, bond futures really take a dive which meant rates were going up and s p futures were up and just turned down. So this is probably a shorter term phenomenon. Similar, maybe not as long as as the taper tantrum. I dont think it will be that long but youll probably get some of the froth come out of this market well get down to valuations, where investors feel more comfo comfortable. What youre willing to pay for a stock based on what the Interest Rate is. Well get back down to equal and it will be a chance to buy for me, i did take some stuff off the table. What . Actually i took off my beloved tesla today because this was a very good winner for me. So i figured why am i risking that i took off some ge, which was a horrible trade for me and walmart as well. I dont think its going to be taper tantrum type scenario i think this was the end of quarter, not a risk off day if you will we didnt see the safety names really rally gold wasnt kicking off. Repositioning across the board you know, munroney rotating outf certain technologies into financials based on the positive news we saw today or last night. So, not taper tantrum effect youve got a 40ish spread between where the yield on treasuries are and the average dividend yield is. Now be i dont think rates yields, treasuries are going to get, skyrocket i dont think its bogoing becoe look at today higher valued stock, which again, Like Technology which we talk about the qs selling off. Megacap tech would sell off. Came out, rotated into financials, thats really it and the quarter repositioning. This isnt the end of the quarter. Youre making this out to be a repositioning of portfolios when youve got two others. Opinion on hughes bond markets around the world. It was a taper tan rum like effect not saying the rates are going to 3 , but to dismiss this, this is not a big moment for markets to evaluate that the Central Bank Party is not going to be the same party theres Something Different that happened. Rates, the move in rates was very big the commentary from Central Banks as tim pointed out was very big this is a change in the investment where does a tencan year need to go before it disrupts . The banks should have been up much more. Doesnt do well in higher rates. Is Something Different . What we have seen, its not just today. Its been two weeks in terms of the move in the bond market world, its a huge move that weve seen in just the past few days tims been on in frochbt us now for the last couple of weeks number two, if you had this conversation last night after the bank stress test, you would have said up 20. At one point, they were down over 35, the s p, which is fascinating to me. So im not sure that something has changed. The rhetoric clearly has changed, but i dont know necessarily the actions will change i still think maybe incorrectlyy at this point, yields are going low ner the United States, but theres something going on clearly to dismiss it now over the course of two weeks when weve seen these big moves in technology, some of these dramatic name, theres clearly something going on im encouraged by the fact banks were higher today, but they should have been hire. The move we saw, you saw it in terms of the vix people have itchy trigger fingers. Look at micron. The stock is flat to down. Why . Supercrowd ed going into the quarter. Expectations were incredibly high it was just a set up thats essential what were seeing we talked about the crowded nature of the set up of megacap names. It needed to come off and the bank news just accelerated it. A rotation things that i look at at a time like this, include the australian dollar, canadian dollar, which were effectively ripping. These are reflationary currencies, not like a brazil o russia these are reflation hard asset currencies theyre moving hire. You parse through what the ecb said this week and they said clearly, we are out of deflationary forces, which means they are going to be more act e active the ecb has distorted bond markets more than any other central bank in the world, more than the fed and taken out every bond that could be bought. That is going to change. Wheat was up 5 coffee has been up this week youre looking at soybeans an corn all bottoming there. These are inflationary, deflation nair, whatever you want to call it, Something Different thats going on. I dont think this is just people getting out of crowded trades this isnt running for the hills. Im swrus telling you. Just saying take some profits if we have a sell off then reevaluate whats in the hills if you need to run there . Seabrook has been mess. You want to go to Higher Ground tim is right and is reflation. You take a cues from some of these levered oil plays, so if crude found a bottom, these levered names should do extraordinarily well in the scenario you just talked about tech was the big loser today. Carter worth is at the plasma to praek it down. Im with you. Maybe well talk about that later. Three weeks ago, we had a short report, nvidia the market for the crowded names is fragile and for whatever reason, this time, it did. What we have in nvidia is this huge outside day a new high, a new low and you close poorly now, here, three weeks later, this is whats happened. Weve gone up and faileded to make a new high and made new lows people who buy dip, which is right to do at time, who start to lose money, the very money that came in and drove it upstarts to accelerate on the way down as they want to get out quickly having seen maybe a mistake in the buy theres nvidia heres google. This huge drop which was three fridays ago then whats happened since we are lower. Thats not random. Keep going not one of those stocks has recovered. Huge outside day it, too, tries to recover and its at the lows keep going heres the entire semiconductor index. This huge outside day and then where we are now lower. In fact, were making new lows the money that comes in here, thinking this is the time to buy dips accelerates it on the way down talk about the whole sector. The whole sector, here we go all right. S p 500. June 09 to june of present we have bounced off the top. Off the bottom, off the top. Off the bottom over and over and over and weve blown through the top. Now, this is a skill what if i do nonlinear which is to say a long scale. Thats the same chart long and you can see the exact same, it failed off the top not random, and weve been going down ever since. Do it again. So, what im thinking is we come to the top of scale, 8 clnt 95 guess what the exact midpoint of a log channel is 895. Where the average is, which is 895. We touch the line. 4. 5 now to get to the line, the 895 Reference Point would be another 4 to 5 . A total drawdown of 8 or 9 fefrtly normal without a doubt, carter comes over i mean, the chart master doesnt come into the studio without being invited. Especially on a volatile day for the market we need you. So, in total to get back to the 95 level on the s p 500 tech sector, that would be a total draw down of about 10 a normal correction. Were in a world where thats not allowed. You cant go down and drop heres the thing if youre bullish or bearish, you want your great athlete to rest you think that will allow him to reassert himts and go to new highs. If youre bearish, its going b to be down 80. Whatever side youre on, you want this to continue. The further you go in principle, the more exhausted the thing is is is it damage to the overall markets the same well, the problem is theres so much money here so, the whole rotation game, which has been near perfect the last 18 month, it has to go into financials or energy thats not happening weve seen six times where energy tries to bounce, draws in people and traps them. Frankly, the move in banks today was feeble with that kind of new, honestly. Ipg the news was a distraction. Theres nothing inflationary banks are fearful to beat behind the curve the reason the market underper forped is because rates are going higher at least on the short end. Where citi, you xwis were talking about this big move in rate, went from 2. 12 to 2. 16 was that the big move or the proceeding plunge . What a disaster. Well stay lower. Ultimately, the money congresswomaning out of tech, the its so big i would think its not able to, the markets not able to hold up against further pressure so, you have that great little chart with the trend line the log, we hit the top is there anything about that that tells you this was is the blow off top we know its crowded and people have done it for the right reasons. At this point, defensive or its very crowded everyone has it. A lot of people have gone into tech because its been defensive. Youre grabbing for high at some point, its too good people waiting for a reason to sell and theyre all lower since. Anybody the absolute best anybody buy Technology Today no, i said before, i think its going to go lower i dont think its a disaster. Financials took off though and we talkeded about that take the financials off. When the report comes out, came out, they rallied and hes rig it was in a bis mausiness mall y the Near Term Upside to me, i found other places where i can put money. Get back to nvidia. The problem is not that theyre Business Model is broken if you want to put it at 10 bucks, its traded at 125. Does it deserve a 50 premium . Im not sure and in a market thats questioning itself, it sells off harder if i look at this market and say how do i want to hedge my portfolio, the big risk is is that rates are going higher. By some tbt. Coming up, nike, that stock is jumping the company just said Something Interesting about amazon moments ago. Well bring you those comments plus, iphone turning 10 years old today, so just how much has changed . Tim conducted a very unusual experiment that might give you some thought about the shares of the tech giant and later, energy a rare bright spot in todays sea of red and a stop strategist says the sector is about to shine. He will explain whats got him so bullish at johnsons we care about safety as much as you do. Thats why we meet or exceed 15 global regulations for baby products. And where standards differ, we always go with the toughest. Johnsons. baby crying fly me to the moon elegant music and let me play bell rings 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. Nike rallying in the after hours and mark parker just had something interest tog say about amazon on the call confirming what we know that nike will directly sell on amazon trz. In the u. S. , were execute ing a new pilot with amazon with a limited nike product assortment as we do with all of our partners, were looking for ways to improve the nike Consumer Experience on amazon by elevating the way the brand is presented and increasing the quality of product story telling. Trz were in the early stages. But we really look forward to evaluating the results of the pilot. This is a big deal because nike for a long time, resisted directly selling on amazon, but now em brays a change in consumer habits, which has moved on to the internet looks like theyre back to their winning ways now showing sign of life in the previous three months with revenues slight hire than anticipated while emerging market sales were less than anticipated and also, we heard from nike just a few weeks ago, talking about right sizing their business theyre going the cut around 2 of head count, so about 1,000 jobs going theyre also going to cut amount and number of styles they sell by 25 this is to give the consumers what they want and were still looking for guidance of course, which was not wrapped in that report card, but thats Something Else well be watching as soon as they mention on the earnings call, ill get that to you back to you. Thanks so much, that can really have an impact on the stock, which is at its highs up by 4 right now on confirmation of that report that it would sell directly on amazon. It is a limited product on the amazon site. It doesnt necessarily create anymore demand for site. It doesnt change anything nor nike or amazon, so i think its a smoke show i wonder if the its a ringing of the bell. It reminds me of the last bear how much more growth is amazon going to have . I would be worried nike is playing from a position of strength on this i dont think they have to do this deal. I see this as treating amazon as their outlet mall and the its similar to what david said, but bottom lirng think about the competitive landscape. Under armour, those head winds are marginalizing. The new air vapor, i know you cant wait to get your hands on that this is a company on the margin side, if they get to 13, 14 margins, this is a company thats not far away from that. The its still the best run company in that space and suddenly, are we no longer into ath leisure and what not i still am. So, this, i mean just talking about the bearish, also did i think it beat by half a perce percent. Now the question is is nike a 22 or so times forward earnings fair or expensive. Ipg it could make a pretty compelling argument, x amazon is a Good Environment im inclined to sell this pop, although it held 50 again, were still awaiting the guidance as i recall on the last quarter, it was the guidance that really its huge really important street numbers are pretty high i was having a conversation with our angel who nailed the story street numbers could be 20 cents too high if they have to bring them down, investors will not be happy about that i think they go lower. I just think that if you are expecting nike to be a victim of amazon, i think youre looking at the wrong guy i think these guys are well situated in dtc. Theyve had their own path with amazon, theyre doing it on their terms. Coming up, blue apron making a statement on the New York Stock Exchange today, closeing pretty much where it opened, but can it pass the guy adami test hes cooking up one of his meal kits cant miss this. Im melissa lee. Youre watching fast money on cnbc in the meantime, heres what else is coming up on fast. And since it went on sale ten years ago today, nearly a billion iphones have been b sold but just how different is the current from the original . A side by side test that might have you buy iing the stock rig now. Oils been stuck in a range forever. But a top strategist says a breakout is coming and now is the meti to buy. Hell tell us what has him so bullish when fast money returns. It starts a chain reaction. Thats heard throughout the connected business world. At t Network Security helps protect business, from the largest Financial Markets to the smallest transactions, by sensing cyberattacks in near real time and automatically deploying countermeasures. Keeping the world of business connected and protected. Thats the power of and. Welcome to holiday inn thank you wait, i have something for you making every stay a special stay. Holiday inn, smiles ahead. Whether for big meetings or little getaways, member always save more at holidayinn. Com welcome back t sea of red today with all major independent dees gsees gets hit. Heres whats coming up on the rest of the show apple celebrating ten years of the iphone and you wont believe how much things have changed blue apron shareholders feeling the heat as the stock closes at its ipo price. Guy is feeling the heat, too, but hes not getting out of the b kitchen. Hes putting one of the meal kits to the ultimate test this hour but first, we start with energy week at the white house. President trump calling it the dwolden era of American Energy lets get to eamon in washington for the latest hi, melissa the president went off campus from the white house today to make this announcement rolling out a couple of new items here in what was almost a Campaign Theme sounding type of speech here today the president a little soft spoken, but here are a couple of highlights of what it was he was rolling out today, including an expansion and revival of the Nuclear Energy sector hed like to e see he wants to ease the application process for coal projects and approval for new petroleum pipelines. To run under the wall hes going to build between the United States and mexico. Also, approve the sale of more american gas to south korea that as the president of south korea is here in washington today and also approved two applications of exported natural gas from lake charles l and g terminal and opening a new offshore gas leasing program. Heres how put it and this is all just the beginning. Believe me the golden era of American Energy is now underway and melissa, take a look at the list here of some of the executives who were in washington this week for what the white house billed as energy week a lot of the big names there from conocophillips, duke energy, chevron, exxon mobil and the rest all here in town meeting with the president and his administration but i can tell you politically, a lot of this today overshadowed by some of the other news of the day including the health care fight, the president s tweet, this white house is is branded this nrnl week but with health care and other things going op, they sort of struggled to put that at the top in the newspapers eamon, thauk thank you. Energy getting a boost today as crude oil clung to its sixth straight session could there be a bigger breakout our next guest thinks so michael kohn, welcome to the nasdaq thank you lets first talk about what eamon was talking about in terms of policy. Seems like a pro fossil fuel specifically Energy Policy not just the things announced today, but the measures taken by the interior Department Since the administration has been in place. Even at the margins. What impact does this have on Energy Prices . We fundamentally, its markets that are going to drive this innovation and drive this increase in exports. During the obama administration, policies they had put in place didnt really inhibit of course, there were regulations that wer put in place and could have been actually confirmed if over the course of the next couple of year, a lot of those for example the clean power plant has been put on hold, but at the end of the day, the decline in coal jobs, the decline in coal production, all has been driven by the market, by Natural Gas Prices lower, so likewise, its those low Natural Gas Prices that are going to be able to drive the export of that natural gas to other markets, so a lot of what trump is talking about here is already planned to happen any way just because of this massive amount of shale gas and oil resource we are sitting on in the United States. The companies to explore more, to drill more. It doesnt impact supply ipg we have to say theres a shortterm element and a bit of a longterm. A longterm dynamic. First t producer haves to understand the geology available to them and it takes years to see one barrel of oil from those opportunities. Its good from the broader picture of u. S. Energy in United States to be able to increase that, but its not going to happen overnight okay. Lets talk about whats going on this minute in oil are we going to find a floor sfl. So, essentially what weve been through over the last two years has been a period of time where inventories were extremely high and the whole market perceived they were going to go hire thats what led us to 20 and 30 prices we think were going to see the first elements of more severe stock draws than weve seen since 2013 its based on the production that u. S. Oil production is going to grow by a Million Barrels a day from the end of last year to this end of this year, yet because of these cuts, were going to see draws in inventorie inventories. So, michael, are we looking at on oil prices, are we stay ng the range between 40 and 60 or are you talking about breakout of maybe 70, 80 i think its unlike lly we g that breakout to 60 or 70. And the asunlgs that if we get to that kind of level, youre going to get a very big supply response, even more so than we have gotten from these producers. The die nam aynamic is because s have been held up, u. S. Producers took that floor and basically increased their drilling activity and so now, theyre sitting on a large backlog of wells that can be drilled and brought on if prices didnt get to that level that is going to influence sentiment and keep Getting Better michael, thanks so much we appreciate it guy. Well, if right, and im saying this for a while and ive been wrong so i got to point that out, but the levered plays are where you want to be you look at a devin energy straight down now for the last year half. Go back four or five day, traded 30 bucks, two times normal volume at least they have something to trade against on the long side im not certain were at the bottom, but in some of these names t low we saw about three or four trading days ago gives you something to shoot against im of the view oil is not going to break the downward part of this range. I think theres a selfcorrecting mechanism in terms of the cap ex that weve seen chevron went down o 18 billion chevr chevron, not cheap, but they have great exposure. Theyve been the largest land leaser this is a company thats been able to take market share during a low. Its a safe play im a seller. I sold today were going to see the high 30s in price of oil. Soon er than later. I do not think were going to go a lot hire and i think the cap on the upside, if we rally, is 55 bucks yeah, so for me, im not sure how you get into that 30 handle particularly at saudi arabia when you get down to those level, you see the response in the other way, so, to me, it looks like im more with tim weve hit the bottom of the channel. You want the most leverage, thats xop leverage. Yeah, thats leverage yeah. Sticking with energy here, exxon mobil sink g nearly 11 this year. One trader is betting on more pain ahead mike joins us from massachusetts we believe to break it all down. Hi, mike yes, so despite the fact oil has a little bit of a bounce and much of the xle is higher. We saw a buy of over 10,000 of those. That isnt exactly an optimistic outlook for the largest of the integrated plays froms more of the musho and poo poo platter. The only ive got, some chop sticks still in parp and waiting for my first course. The rest of the show. Its only 5 37. Theres still time mike, thank you. Mike co from the Chinese Restaurant in massachusetts. Its a joke. For more options action, check out whole show tomorrow, 5 30 coming up, shares of apple taking a hit today as the Company Celebrates ten years since the release of its original iphone. Where its next one turbo charge the stock . Lance is here to weigh in. Plus, blue apron making its debut and guy is putting the company to the ultimate test you wont want to sshion chore right after this 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. I put everything into my business. And i had all these points from my chase ink card. So i bought ingredients, utensils, even made custom donut cutters. Wow all with points. Thats how i created the ripple the doughnut in a doughnut in a doughnut. Suddenly its everywhere. I mean, it really took off. What will you create with your points . Learn more about the ink business preferred card. Thats exactly what they got. Near ly a billion of them have been sol since the first generation went on sale today ten years ago and turn ed the mobile market on its head. Since then, it has evolved into a thinner mobile device we know today but its become a much more evolutionary product, but is that enough to keep the stock heading higher i dont know i feel like every single release, theres this rap on apple and yet the stock goes higher you buy the dips until in comes out. One thing theyre doing, every time they come out with a new nope pphone, mine goes on the ks there. My phone is dying, too. Theyve got something to make it age and die, like do that on another show any way what do you think . I agree 100 . This is a sell after the launch. I think you have a quarter or so to see the results, but in general, look, i think its going to be a massive launch big refresh cycle, whole nine yards, 170ish is around the cap on this stock. Lets talk about the iphone to celebrate, we figured wed have our own Throwback Thursday onset with the first iphone. We searched far and wide and it turns outside that fast money friend and mashable editor had it all along lance a, welcome to the show. Thank you here it is. Thats it its like a baby phone you know whats funny 4. 7, 4. 8 ounces, 4. 7 they basically weigh about the same which is really funny. Heres why look at the difference on thickness here theyve moved along so much, its so much more powerful, the iphone 7 and yet its so recognizable we forget that was the square iphone 4, which had the sharp edge, then went back with the 6 to this curved design and i think apple is really in love with that. You wont see a big change with that in the 8. But you know, this is always identifiable as an apple product, an apple iphone for now, a full decade sure. One of the most popular features on an iphone and one of the reasons why people love to upgrade are improvements in the camera we actually did a little bit of a test here. Rig right . The two megapixel camera, a 12 by the way, theres no camera on the front of the first iphone. Theres a camera here. The question here is which one is which left or right. Take a good look or the oldest iphone i know. I know off the top of my head, but p if you want to try and guess here guy the one with all the, the one with the tim closest to us is the original iphone. The one with him further away is whatever that new one. Why do you say that well, i could see the darkness in your hair in the newer phone. Youre really popping. The Camera Technology in the iphone 7 is just miles ahead of what you had at two. Heres another techlts switch up the photos all right this one makes me hungry. Iphone 7 or original. Left or right. Come on. Its left no question. Left what is that right lets see the k you show it . There you go. What were they serving . Hot dogs. I decided to become a hot dog vendor in times square for an afternoon. If things dont work out here, ive got a future serving up red hots signal processing completely different. Apple focusing tremendous attention on the cameras every single time. In fact, they even mess up so heres something thats interesting because they mess up the perfect design on iphone 7 with a bump was they want to give you that high quality imagery. And cant shoot videos here, 4k videos here. One more photo sxwl yeah. He really just spend iing time with this spiderman guy. I thought he was asking for money. Bk, guess which one is which. 7 or original . I think the one on the left is the time from 1980. And the one on the right members only jacket i think the right is the iphone 7 there we go. Look at the information pulled in by the better camera youre getting so much more. So much more Color Clarity the 12, this is a 2g phone it couldnt handle that kind of resolution wouldnt be able to send anything the resolution on the screen, this retina screen, a 320 screen here its everything you know, ten year, even though the look is somewhat the same a monumental change and were getting ready for one of the biggest changes probably the same thickness augmented reality hardware built in probably going to switch the direction of the phone, so its dual phone on every model of the device we think there may be multiple 8s coming out. Apple will not let this pass without doing something big. Since the 6, this design has not changed significantly, so it is time and everybodys cued up for it lance, thank you so much. It was my pleasure. For sharing the original. Surprised guy doesnt have that. Star tech. Whats wrong with that . Star tech, they work i can still call people. Heres the one question because we want to quickly trade this is is apple setting up expectations too high . With all the those features, is is something bound to go wrong every year, we seemingly ask the same question, they seemingly deliver. The stock suggests they have delivered. Question is is, how do you trade apple in this environment . People that have held on to it have done great. Pete has done fantastic. If youre looking for an entry point, i think theres a good chance, three in four chance, we retest the old high we saw in 2015 of 135 coming up, tims not the only one with a test. Guy putting blue apron to the ultimate test as it makes its wall street debut. Find out how did when fast money returns more from nikes earnings. Higher in the post market sessions we just got guidance for the full year 2018 from nike pretty much in line with estimates, so on the call, they are guiding for Revenue Growth in the mid to high single digit range. Did talk b about Gross Margins and a possible modest contraction by as much as 50 basis points in the first half of the fiscal year, but they say that owes to fx head winds and didnt forsee that to take place for the entire 12 months for the fiscal year. Back to you. Thank you very much david. Better than i thought 56, 57 take profits here. Not going to go much hire. 56, 37557 is really the thing that stalls out. I dont think you need to chase this, but its a stock im very encouraged to hear their business is being managed through a process of secular change meanwhile, well run, innovation, its all there blue apron make iing a rathr bland debut on wall street today. The stock starting the day off sharply higher, but closing exactly add its ipo price of 10 a share. Guy. Love the blue apron im a big fan of these meal kits, you know, they ship. So, i try things out because thats what i do tried things out got on the internet. Called them up and said, can you deliver to my house. Blue apron box i want to take that sucker for a ride look at what we found. There it is, blue apron has arrived. Right on time. Im going to bripg this thing inside go in the kitchen. Going to cook up a meal for you folks. Shrimp and fresh pasta with spinach and basil. Outstanding. Heres my spinach. Of course, my fuselli is right here cann canned tomato sauce. Schimpf and pasta knickknacks. Wild gulf shrimp and of course, base ill going to close up the box and get started. And yes, my hands are clean, steve, if youre watching. We dont really measure, so this is what were going to do. Its about a tablespoon. I know you can almost smell this garlic melissa, i know youre not familiar with that its garlic, its italian. Very good for you. Heres where things get a little tricky got to tell you, this looks pretty good, folks item going to sit down and give it a shot. You know what, not bad not bad at all blue apron, you passed my test, but the true test, the true test is back on the desk. Fellas and girls, enjoy. All right, here i come. This is very hard, take the one from the back, please, thank you. Bano, you cant. All right cage free. Give this a shot. Actually, it looks nice. Be honest how easy was this well, i mean, by definition, if i was able to do it, its got to be pretty easy, right you see me navigate the kitchen . Dice those onions and the garlic brilliant julienne them didnt need to be julienned, wise guy can you see how people would want to do this of course, but to brian kellys point last night, there are a lot of Companies Getting into this business it is overcrowded and somewhat xhomtized. Is blue apron good, yeah, this was a great dish would i do it . Probably but there are a lot of other folks doing it your pasta is al dente. Mushy spend a lot of money on markets. I think its a dangerous stock to own ill tell you why. You have to get to scale the whole Business Model is predicated on betting to scale theyre not going to be able to get to scale quick enough before another big whether its a whole foods, kroger, comes in and eats their lunch. I dont think they can get to scale and be successful, so i wouldnt own the stock here. I think its not a name. Clowing at 10 00 is a little suspicious a little weird they dont stay there for a bit likely because the underwriters will put a bid in there, but im more of a buyer in guy as a cook looks good in that apron. All right coming up, final trade. At johnsons we care about safety as much as you do. Thats why we meet or exceed 15 global regulations for baby products. And where standards differ, we always go with the toughest. Johnsons. baby crying fly me to the moon elegant music and let me play bell rings final trade. Ive got ingigs right now buy it. I know i talk about large cap bio tech this is what you want to own zpl i started the show talking about the tbt as hedge, also check out dba etf, thats a way to wedge inflation amanda and osofia, they crushed it crushed it tlt that bad. Good effort. Im melissa. Mad money starts 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 i find it. Mad money starts now hey, im cramer. Welcome to mad money. Welcome to cramerica im just trying to make money. My job is not just to entertain you, but educate and teach you so call me tweet me jim cramer im letting you in on Something Real big the method of my madness i know this is the

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