Fate of fang stocks. Hanging in balance facebook, amazon, alphabet, all on deck to report. These stocks have been on tear all year will we see similar action to the other names on deck . Were going know monday after the bell google, the names just mentioned sh b b, probably the most reasonably price i think facebook still has the most upside, but if youre looking for safety in a stock pick in terms of evaluation, i think its googled i know youre an amazon file. Big time. The issues theyre having in europe amazon thinks it will be skeptical when buying these names, the fact it was last friday or less than a week ago, said buy netflix ahead of earnings it was 100 right. 100 right, so i in these names, i think youre okay buying them. It doesnt appear to get punished thats the one going on. The storm, everyone played it against it, so i dont think you see the pop. When theyre right now but they will all climb higher. Isnt that actually where the stocks are rig now in nasdaq had record highs in we just need to sort of the big tax Something Like a google where you had International Exposure its the same story weve played for a long time now still cant continues. So as long as you dont have an earnings hiccup or warning those things, the fastest to go up. And theyre also the fastest to go down. I mean look, amazon, i think the set up in the second half is so strong and numbers are going to have to go higher. I think as far as earnings are concerned, theyre going to be fine no question we koent go straight up forever understanding the longterm set up anyone buys amazon says its cheap. I think to your point of the reaction coming out of the names, with netflix trading up 10 , that rotation is definit y ly put on hold fear of missing out google. You know, one of the analysts thats done a great job has been canter fitzgerald. They reiterated their overweight ratings. Said that channel checks are locking outstanding for the name and i think if the names you mentioned, valuation wise, despite, i get that its a 1,000 stock its not expensive on valuation. The flip side though is if they deliver, steady eddie, no big surprises to the downside, that its a sell no. Google or on fang in general. Google is a problem because theres a lot of advertisers keeping an eye on whats going on in europe with this whole thing with their ads that is going to be a problem. So i think its a no touch until something gets disclosed on that outside of that, facebook is fine and i think again, amazon is fine. I dont think its a solid news steady as she goes no big hiccups b and i cant see any of these Companies Really having major hiccups to displace the market price as long as the s p hangs in there, as long as the s p doesnt get a sell off, all of these names go higher. But the reality is until proven different, you got to think about what would stop these stocks or growth in general in the economy. Rising dollar. We havent seen that yet those are the things that might help these stocks. Other than that, its simply the rotation and the point is, the alternative than they still have the growth everybodys looking for. A change in sentiment, another sector you can see a large cap m a transaction occur then bang, the entire group will explode. Unless you see, bio tech has been performing well, so if you see Energy Companies next week, exxon mobil, chevron, halliburton, anadarko, a lot of people are are in bio tech were spending and investing and thats going to scare the heck out of investors if people are forced to short cover, thats what people have to come up with real dollars to come up with with and those names, the fang names will be used as a dip. Not saying its going to happen, but thats the big question. That has happened exactly what steve is talking about has happened all year long, when theres some of them elsewhere in the world, in the market, the fang stock rs the ones used as the atm, i got to git get my cash out of something. Theyre big and liquid well, our next guest is reading the tea leaves ahead of next weeks earnings an he says there are a few warning signs you should be aware of now joining us from st. Louis, hello, scott what warning signs are you looking at well, melissa, for the overail market really because you guys have been b talking about tech about these fang stocks and really for us, over all, technology, the valuations there for the sector has a whole are not stretched. But when i came on the show before, we talked about head winds that we see here here in the second half. Market valuations are stretched. Youve got a 20, 20 plus trailing mull principle dwens a 16. 4 20year median. Weve got the fed hiking rates and we still think that late this year into 2018, people are going to look ahead and say, gee, i think some higher wages and higher labor costs are going to negatively affect gross margin were in the pullback camp last time i was on the show, you said i was in the bear camp, which we are not but we are in the pullback camp. 5. 5 above the top end of the range and i think were going to get there by the end of december youre in the bull minor case less bull than some of the other guys on the street you mentioned valuation, but the backdrop to this of course is this Interest Rates still remain extremely low. And weve got interesting developments abroad where the ur o starting to two year could we actually be seeing what would favor u. S. Equities. Well, you know, melissa, last week, maybe it was the week before, we touched the 50day moving average a couple of times and bounced off. I would largely attribute that to being a big factor here in the last 50, 60point move nup the s p 500. And so, i think thats you know, thats a big thing and the Economic News weve seen lately, over the last couple of months, is really the type of of information you would say, gee, they may not give us Interest Rate hikes in 2014 the market is going to be paying attention to what the fed is going to do in 2018, so ipg those two factors, a fed that is likely to be easier rather than tighter and a weaker dollar, i think thats giving us this push here to crawl to these new highs. Got to leave it there have a great weekend thanks. Wells fargo investment institute. Youre nodding your head right because exactly what scott said unless theres another alternative out there, you think about what it is if you get this slow growth environment and fed that wants to normalize despite weak new, then you could see a pull back in these stocks because they are dependent on a weak dollar, low growth environment because theyre the only ones with growth thats always been the risk. You see rising rates in an environment that rates should not rise, thats going to be a b problem. What other stocks are we looking at the next week, huge 13 dow stocks are reporting. A whole host mcdonalds i dont want to jump the gun because theres another show on in 19 minutes. Your countdown. We set for quite some time, its a 116 f handle on it. Twitter for me, its interesting. Worst run, this is going to be sort of a very interesting story because the numbers arent necessarily going to matter. The most important numbers are a user growth number we heard from the cfo. We heard about ads and the second half, were going to get more challenging, so, in general, they had a really great print on their last quarter on user growth. If they can get to 7 plus million users, the stock could work i think the most interesting thing for me a host of Energy Companies that are going to be reporting next week, also, so im going to counter his mcdonnells with my dominos pizza. That one has performing what it looks like, lets see what digital looks like thats a slice here of the portfolio. Yeah. If you do that on options action man. You know, be right back clever. Coming up u, the latest addition to the Trump Administration spent some time here on the fast money desk. The trader wills give you the scoop on anthony, the new director of White House Communications plus, bio tech has been soaring, but if you missed the rally, dont worry. How you can get in for less than five bucks and later, General Electric versus honeywell, both stocks reporting this morning. One trader says theres a clear winner much more fast money still ahead. For years, centurylink has been promising fast internet to small businesses. But for many businesses, its out of reach. Why promise something you cant deliver . Comcast business is different. We deliver superfast internet with speeds of 250 megabits per second across our entire network, to more companies, in more locations, than centurylink. We do business where you do business. Welcome back currency wars are heating up lets get the New York Stock Exchange for the details the euro hit its highest level of the year. Thats a big problem for European Companies like automobile so all the big auto names down 3 to 4 . Vo all week. Big european industrials that also export were weak. Thats is second weakest day of the year for germany thats theres a couple of things the European Company has been improving. Stocks surged to the highest since macron but theres a secondary story thats causing a lot of confusion. Bond yields should be rising on the Strong Economy story, but theyve been dropping recently including today. Thats odd shot up like a rocket when draghi made comments that seemed to imply that rate hikes might be coming sooner than everyone thought. Boom, everything goes up draghi has had to rake those back so, its a mess. The bottom line is this. Expect more volatility as the markets try to figure out both the extent of the Global Recovery and swrus how far Central Banks can go in walking back this low rate world that they created melissa v a good weekend you, too, bob i go to bk here. This to me is the biggest thing thats going on in the market niehaus. The big trade has bottom europe, better growth there. Everybodys piled into that. Now, that these es has reversed. When i look at money flows, where is everybody going to start putting money, this is something people are going to start unraveling and this could go, if it unraffvel, into the bk stocks, so many me, it is a potential for a bid in the u. S that being said, i would not be surprised. To see mario draghi come out and try to talk down the ur o again because nobody wants a strong curren currency dont get too over your skis in switching around in position, but watch this space because its how youre going make money. But the four under the markets, thats promising for the bulls here i would say and all this week, we heard draghi trying to talk it back. We heard him push it off to september, then make who knows what happens after that. I think hes got a taste of that no inflation world that miss yellen has been dabbling in or living in for the recent past. I think it bodes well for the bull, the s p, for fang. Yeah. I agree we knew he was going to walk it back it was crazy they are going to lift service it to death, so i dont look at it as a risk service near term i dont worry about investing over there the consumer is stronger spending more. Youre seeing it in the u. S. , over there i think they asouped it was get ago lot stronger faster and of course a move in the german dax down thats big move. Thats a big move in this environment, so you have to watch that because it is a big money. But i will agree with you. We get something down 2 or 3 next week, you wont be buying german it is an industrializ izize battle jumping on the heels of their Earnings Reports that kicks off our top trade ge dragging the dow down to as it hit its lowest level. Fell 12 from last year. Been a tough year. The stock is down 18 . Jeff immelt prepares to step down next month. Honey well surging up nearly 18 , so with new Management Help turn the company around or stick with a stock like honey well thats been working all year and i think that the grab is its in limbo now. They ziged when they should have zaged hon honey wel is a better company. Ge tried to buy it in 2000 for about 45 billi 45 billion. Think about that that would be honeybell if they could do it the other way around it makes sense its in all the right businesses theyre all doing well ge on the other hand is flattering, so that trade, it really showed its stripes today. I think it continues the same direction. I mention ed the limbo becaue immelt took down 2017. Went get anything on 2018, so it might be the next Earnings Report in november we dont know. This is the known unknowns an thats the problem with ge i tried to buy early this year i dont know what the story is is i dont know where theyre going to go. This is a giant supertanker thats really flowing right now. Until that story becomes clear, its going to be hard to get investors. I want to be an investor. Which one . If you look at honeywell, it has a couple of things going for it third point. It keeps it big within the stock in case they break it up its a good problem to have. They keep performing so it makes it a tough job so you have two things there that keep the bulls coming honey well. I agree 8 Earnings Growth growing earnings at 8 their top line, look at their sales grou more than a half, 2ish percent a lot of financial theyre going to keep from i think we agreed on everything. Everybody wants libs fang you hate ge, like honey well makes me feel warm and fuzzy because its nice. Youre a conspiracy theorist was it yesterday, 48 Year Anniversary of the landing on the moon remember that . Which you dont believe in. No. Bk said that all right. Long time. Still ahead, sean spicer is out. Fast money friend and alumni is in and weve got the details on the shake up at the bhous right after the break. Im melissa lee. Youre watching fast money. Heres what else is coming up on fast tech stocks leading the rest of the market in the dust this week and traders in the space could be a bigger winner next week plus, its hot out there yes, that hot but the traders are here to help you beat the heat with four stocks that ll me urwiakyo portfolio sizzle much more right after the break. Your brain is an amazing thing. But as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. A long time friend of cnbc, he was named director of communications at the white house, which was followed by the resignation of sean spicer amonoh sean spicer resigning in frusation today after being overruled on the hiring of anthony, who comes in as communications director. Thats a job sean spicer had he was also the press secretary, the visible face of the administration, the person who briefs the press most often at the podium not clear that anthonys role is going to be, but he fielded questions in the White House Briefing room today, said he was going take every question. Set a much different tone than sean spicer. His first briefing was combative right after the inauguration, talking about the crowd size, full of grievance and refusing to take any questions before storming out of the press broefing room. Going around around around with reporters telling everyone hees going to take their questions, dont worry. He was full of praise for his boss, donald trump heres what he said about the president. I dont see this guy as a guy thats ever under siege. This is a very, very person obviously, theres a lot of incoming that comes into the white house. But the president s a winner what were going to do is so, his first day in the books, the question now is going to be how is the operation going to change going into next week officials here telling me they dont expect anymore changes reince priebus, the chief of staff, expected they say to stay although speculation he, too, would depart following sean spicer were expegting the possibility that donald trump jr. And Jared Kushner will be testifying on capitol hill on the russia matter next week thats an area particularly sensitive to this administration, this president and when it gets to family, this president gets very prickly and protective all right, thank you. From the white house for us. Given what we know about anthony and we know him pretty well. I mean, hes been a trader on this desk for many years prior to his next incarnation, but basically, what we know, on what we saw today, what do you think . I think its a home run if the administration needed anything about this point, its bringing Something Like anthony in who knows how to peek to people and knows how to be elegant and to make people feel at ease. Theres going to be a lot of knocks on anthony and i get it, but they could not have picked a better person or more cape bable person i dont know how many knocks there will be because he was so measured, so composed. He delivered that message, clear, con sirks with humor, as we all know him on this desk to be and the bar was set very low not that he needed it to be set low. But it was set very low from his predecess predecessor. It was an antagonistic relationship from day one. We didnt see that today and i think the press will appreciate having anthony in that room. Hes a Goldman Sachs guy. A wall street guy. Known as a guy who asked obama about being treated like a pin boyata on wall street. This is an administration they need desperately to get economic reform done. Taxes. Will this help i think so. Because its about messaging and i think america saw it today what we all on this desk new he could be hes an increde bable communicator obviously, extremely talented and successful business person americas better off for having him there. Hes a guy i want on my side, so i feel were in better place today than yesterday and i think that will translate into the markets. I agree i think you could walk in and say the sky was orange and people would believe him he does an amazining job. Confidence on the press conference that es it dofor us here on fast options action is up next. baby crying slow jazz music fly me to the moon and let me play bell ring to keep our community safe. Before you do any project big or small, pg e will come out and mark your gas and electric lines so you dont hit them when you dig. Call 811 before you dig, and make sure that you and your neighbors are safe. 811 is available to any business our or homeownerfe. To make sure that you identify where your utilities are if you are gonna do any kind of excavation no matter how small or large before you dig, call 811. Keep yourself safe. Look who decided to stick around for the show. Hi, guy. Hi. Theyre getting ready behind me heres whats coming up on the show. The bulls are piling in well give you the name and tell you how high they see him going. Plus. Traders have been b loving mcdonalds this year but theres something in the charts that spells trouble for the golden arches. Well break it down. And later. Its the question on