1974. we're getting better growth, out of the developed world, jpmorgan is talking about this. some of the names in the resource space had a great name. i've been skeptical, but we're definitely wrong. i said take profits on metro steel. short free port. the reality is if we continue to get follow-through, this is for real. >> at one point do you say i have to trade the market we have and a short free port is simply not working at this point. >> we manage very close and i would say we have high beta names that have high beta longs against them. we're not out there naked. one of the things we did today, the underperforming energy names around the markets. look at exxon. these are names to be excited about right now, these have not been the names we're talking about every night. >> in that swais, just do get you on what's rolling along. look at the chemical names, they are absolutely on fire. add those to the coal names as well. look at norfolk southern. continues to go to the upside. this started back in march. a lot of different analysts across the street were talking about freight volumes across the board. look at the rail names, they keep going higher. when you really break it down, the valuations are not that rich. >> what kind of day do you think we're going to have on monday? all the allocation happening on the first day of the second quarter, but we've got this giant event coming up tomorrow morning and we won't get a chance to react until monday. >> i think the employment number is getting a little less important than it used to be. i think some of these other pieces of data are as important as well, and we're not far from earning season. for me, for stocks i own, that's the single most important data, their earnings. then secondary to that is the macroenvironment that we're in. so i think what timmy touched on, the flow of funds is really important as well. >> let's go back to aerosmith as well. sweet emotion. talk about things that nobody cares, that's what i've been doing, and people now care. you start to see people flow into these mutual funds. i know it's another topic we're going to have today. but remember, this is going to be the big part that's been missing in this rally. the first part was just a lot of fast money, and people taking the easy profits. now the tough part of the move is to get stocks that haven't. >> and to quote steven tyler, you can't catch -- because the robert done died, babiy. you know what i mean? timmy knows what i'm talking about. >> i need some help. let's bring in b.k. he's on the fast line tonight. brian kelly, no matter what the jobs number looks like, you say it's not going to be good for the market, why? >> i think there's a tight range this number is going to come in at. there's a pretty wide dispersion of estimates from plus 75 to plus 300. i think if you get towards the high end of that range, you have to worry about tightening rates a little sooner than markets expect. i think if you get on the low end, we don't have the handoff from the public to the private sector. it's got to hit this narrow range with a market that you dpies were just talking about, 52-week highs getting hit all over every single day. >> but brian, don't higher rates tell us the economy is getting stronger? >> but we've already piled into the trades. that's the only thing that i'm worried about. i would agree with you on the economic signal there, but this market is priced for perfection. so if the economy is better and it sells off, yeah, you might want to get into it. but not the way that this market has been trading today. >> in the options market, did you notice any protective put-buying going into the week. before the weekend, you could also sell them. april strike puts, sell them on monday if nothing happens. >> which is a great strategy going into this. but also pay attention to, the volatility towards the end of the day actually started creeping higher. midday, we got over 18. still finished close to the 17 1/2 area. interesting, into a long weekend. obviously it's about the jobs. i just kind of wonder if today was our mutual fund monday, reaction in front of the jobs in front of monday is going to be interesting the reaction we see next week. >> we might see a pullback on monday. >> let's go to patty edward on the west coast prop desk. you've been working on trades related to the jobs report. >> i have. talking about jobs, talk being about the consumer, the consumer, if they do not have the jobs, and we will find out tomorrow, and you've got oil prices going up, this is not going to look good for the consumer. most of the retail name, those suckers have run and run and run. so at this point, i can't believe i'm saying this, i think you've got to look at shorting one of the big indexes like the xrt or the rth, and pick up a couple of individual equities that you think are going to work, like say a j.crew, maybe even a nordstrom. but i wouldn't want to be lock the entire sector at this point. >> what makes you think that short retail is going to happen? what's going to happen that will make people magically short an index that goes to 52-week highs practically every day. >> oil prices and no jobs. bottom line, oil prices over $3. >> people realize they don't have jobs, whereas today they're all right. >> maybe i'm wrong. it happened once before, but i really do -- i really do believe that when you get these gas prices climbing up and i know there's a lot of theories out there about what's going to continue to happen with oil price, you know, if the rest of the world is on fire and we're having to use our dollars to buy higher priced gas, there's less to go into that middle markets consumer and that's what i'm really worried about. >> good point. patty, thanks. beaks, if you're still out there, have a great weekend. do you think people are going to realize that gas prices are going to catch up with them and they don't have jobs out there? >> i said j. crew has been overpriced at $15 now may be the time to short it. but i do still think there are a lot of retail companies out there that are trading at good valuations like a tj maxx and retail, they have seen the abyss. they cut back on their inventories dramatically. they have excellent balance sheets. this is a very different industry than the last severe downturn we were in. so i'm not as pessimistic as patty on that. there are really good opportunities out there, i would think. >> she's describing gap stores. got an upgrade again today. a company that inventories are down, managing their businesses better, valuations are fair. their balance sheet actually looks okay. gap stores aren't as high a flyer as some of the other retailers, but frankly, it's done everything you want in a stock. gone steadily up since last march. just incontinues to make the climb higher. i think it looks like it wants to head to 26 now. >> let's talk about the ultimate consumer name, shall we? apple, of course. we've gone nine minutes and haven't mentioned apple yet. but here it is, it looks like the ipad could match the hype. we want to get the trade, not just on apple but all the second derivative trades that might not be factored in right now. tavis mccourt joins us. apple should sell off on monday according to history no matter what the launch looks like. what happens? >> what may be different this time is apple is up about 12%, 13% and the market is up 7%. so there hasn't been as much hype heading into this as other big launches like the iphone. >> in terms of the apple ecosystem, we want to know about the companies that will benefit from the success of an ipad or ipad-like device. are there any in your universe that may be overlooked by investors? >> not really within the ecosystem. not really any component vendors where this single device is going to be all that meaningful for them. we'll see when everybody does the teardown analysis for them. but what might be the real beneficiaries long term is, you know, helping to turn around a real devastated newspaper and magazine industry. >> just to play devil's advocate. the ipad was announced 13% ago in the stock, but the speculation was out there about 35% or so in the stock. >> good point. >> i'll sort of take the other side in terms of the run-up. it's had a tremendous run-up frankly since people got the first sniff of what's known as the ipad. you still have the same view, though? >> yeah. from talking to investors on a daily basis, i don't get anywhere near the bullish read that i got heading into the iphone launch. the expectation seems to be very realistic. we'll see what the sales end up being like, and the -- i presume the quality and the high returns. that's always a risk as well. but there's nothing in terms of the buzz amongst institutional investors as there was for the original iphone or any iphone launch since then. >> does it need to be? i mean, what portion of their real revenue stream is this and does it need to be significant in the short term? >> no, i don't think it needs to be significant in the short term. right now, this is a mac story. mac is just killing it. this is a nice incremental layer of growth on top of that, but mac is the key number one story. iphone is a very close number second and this is kind of the icing on the cake. >> tavis, thanks a lot for your analysis of the ipad. guys, second derivative, i know you've been hard at work looking at the trades that have been overlooked by everybody else. >> if you look at ctia and you come out of that. you look a lot at ipad as well as the rest of the area, but you're talking about data and people talking about spending on cap x to make sure they can handle the data. it brings you to two main trades right now, i think. broadcom has a target of $40, but jds uniphase has been on fire for the last couple of months and continues to go higher. the target has been moved from $10 to 15s to $18 just over the last two months. we're talking about a maim that just continues to climb higher. jdsu is doing really well. >> it's a regis name. every decade it comes around. >> best buy is not expensive at all. they're going to be selling ipads. i think this could be a very nice boom for best buy. it's not expensive here. >> you wonder if dell becomes a victim to all of this. they're trying to morph into a technology solutions company. you wonder, though, if it's late in the game for dell to change ships midstream. i'm not so sure they can. you wonder if dell is worth looking at on the short side. >> do you really think the ipad will replace a netbook or a laptop? >> for many people, yes. >> i think it could. because it's the $800 and under type of category that are less powerful and all the rest of it. 30 million units in the u.s., 130 million globally trade under that category. and that's right where the ipad is going for. they're going to get into that space and that's where the growth is going to come. that's where i think people like morgan stanley with 6 million units. you have all these suppliers to apple, talking about 8 million to 10 million, you've got to be impressed. if those numbers are even close, this is an absolute blowout device. >> credit suisse upped its estimates of the ipads being sold in the june quarter to 1.08 million. if those buying an ipad are saying no to a netbook and no to hewlett-packard as well as dell. >> i just say no to all of it. >> no. you would buy it. you just wouldn't know how to use it. >> excellent point. >> he would love it. >> you would absolutely love this device. >> you just need an etch-a-sketch. >> if it has an etch-a-sketch ap, then i'd buy it. >> you look at these touch screen devices, you see how small they are, when you've got a good sized hand, it's very difficult. like the pixie. >> where are we going with this, pete? i don't like where this is going. >> the ipad is the anti-pixie? >> i don't like this. >> national television, get it out there. >> let's get out the notion of what goes into the ipad. because we did make some phone calls today and we called this outfit called ifix it. they take it as soon as it hits the market they take it apart and try to see who makes the components. not necessarily ones you'd be able to invest in here in the united states. >> no. but samsung is getting a bit across the board from the chip side of it. this is a great stock. as i look at korea and a market getting a lot of flows, go back to that, korea has been an underweight we're seeing a lot of flows in. samsung and lg, bringing it back to this conversation are places you want to be. >> patty edwards, out on the west coast prop desk, you have an apple-related trade as well, don't you? >> i don't think they could actually do this. we have electronic arts. thqi, both of them games. if you can't do anything else, you can always play a game. maybe i spend too much time with 8 and 9-year-olds. but i think that this is going to be really good for the gamers because you don't want to put it on your laptop, the people at work might see it. but the ipad, what the heck? it looks like you're reading a book. you're actually playing a game. >> now we know what patty is doing. >> what's funny about the game thing is one of my kids has the i-thing touch. >> that's their newest product. >> and there's something on it called the moron test. and i passed. >> you passed as a moron or passed that you weren't? >> that's the point. it concerns me. >> you would want to fail. >> maybe. >> all right, patty, thank you. we should also mention that there's chatter surrounding netflix as well, developing an app that will enable you to manage your queue as well as stream movies on your ipad. that stock goes up nicely in today's session. what do you think about that? >> why are you asking me these questions? >> i think it speaks to the graphic, though. this tells you something as to why this is a distinguishable device versus the kindle. that really the separation because of the fact that netflix app could go right on there and be an unbelievably video to watch on your ipad. >> breaking news out of verizon. announcing it's going to take a $1 million charge related to health care reform. >> million? >> 1 billion. >> it's like a mini me charge. $1 billion. >> which matches what at&t took, 1 billion. for companies that throw off a lot of free cash flow, tens of billions of dollars in free cash flow, this is a drop in the bucket this is one time. there you have it, the stock doing not too much in the after-hours session ahead of a long weekend. moving on here, one stock really topping the tape today, borders group. the book seller repaid a loan, locked up new financing and poestded earnings to get a 47% pop. we hate to say i told you so, but hey, we will. take a listen to investor bill ackman on "fast money" back in february. >> the stock trades as if it's going to go disrupt at $1 a share. but you'll see more when the company reports its year-end financials, but we don't view this as a likely bankruptcy. i think borders group is a much more attractive risk-reward than barnes & noble. i think an investor in borders has an opportunity to make multiples on their investment and i think that's hard to do in barnes & noble. >> that's what bill ackman did. since then, borders shares have been up 170%. >> and more importantly, he got repaid that loan. that's good for him. >> that's a good point there. patty edwards, i think you're short some of those book names. >> yeah. i look at barnes & noble, not only do they have that somewhat failed competitor to kindle and now the ipad, but barnes & noble and books amillion are not going to sell as many books if this thing really takes off the way i think it's going to. i think you need to step away from the bookstore. >> you know, the name interesting, we did not talk about amazon in all this discussion about the ipad and, you know -- >> but the kindle, pete talks about it. the kindle is only about 3%. it it's not a huge percent. maybe in terms of optics, it's a big deal, but i don't think the kindle is as big a deal as people make it out to be. >> jpmorgan had an interesting note out saying if books grew at the same trajectory as digital music, it would still be a $1 billion incremental revenue to amazon. >> this is america, people. we don't read. >> come on. >> it's all about the video. >> speak for yourself. >> all right, i don't read. >> how do you think i find tiny bradshaw? i mean, you don't just make that stuff up. google it! or topeka it! >> you didn't get that from reading, did you? >> we'll be right back. # raves for steve's new superstar? surprise, surprise. the real profits are in the plays off the ipad. will it knock off notebooks? kill the kindle? the hidden trades behind the hype. plus, sneaker stock, one-on-one analyst foot fetish. while the world number one asset manager gets two black eyes. we've got wall street's quirkest quarter-end calls when we continue. welcome back to "fast money." the jobs report, it has been weighs on the minds of traders all week. as the critical data point will be released on a day when the market is actually closed. but our next guest says fear not, and he was, we should note, spot on with his dpaul call last time around with these numbers. joe, you are optimistic more than the street, why? >> thank you, by the way, not mentioning the other bad forecast i had prior to last month. with full disclosure. number one, temp hiring has exploded to the upside and historically, it's had a really great track record in calling turning points in the labor market. secondly, the ism survey continues to accelerate. we had a massive inventory correction over a quarter of the jobs we lost in manufacturing, that survey is telling us manufacturing jobs, believe it or not, should be coming back. and lastly, we really do believe we had a substantial effect from weather in the data that's apparent from figures. the bls, responsible for putting the employment report out, those numbers showed a million jobs in february were distorted by weather. that's 700,000 more than normally is the case. so if you look at the data it shows you should get a job. i'm surprised there aren't more people up near me. i'm an outlier. i think people are going to be pleasantly surprised. >> your figure is 350,000 jobs to be added in the month. doesn't that set us up for a negative market reaction because that might mean higher interest rates? >> the number for census is 75,000. that's only 3% of the total jobs lost. i would argue if interest rates go back up, you would get the asset allocation trade, back into equities. i disagree that the market is going to worry about rates because i think all the flows have been going into fixed income. higher rates will be the catalyst that pushes money into stocks, there's been no cumulative flows into equity since last march. i think it's actually bullish for equities. it will be very bullish for financials. the unemployment rate comes down means the consumer loan portfolios or the big banks will fare better. i think it lays down the ground work for future growth. >> census hiring, tell me this is all private. tell me this is real jobs, tell me this is not a flash in the pan. >> yeah, i think, tim, it's real jobs, because we've lost 8.5 million workers. we've got a huge hole to climb out of. census will be a factor, adding jobs. but again, we're into the high 200s, ex-census. i think this is the start of meaningful job to come. the other numbers have played out the way they're supposed to. i see no reason why, with total corporate profits per worker back above their long-term trend, i see no reason why companies won't start that process of hiring. >> joe, tim brings up a really good point. the flip side to market reaction is that the markets take a look at a hotter number and say, you know what, this is one-off. we go to the next month, we're not going to see this sort of gain because we had the weather-related workers pushed into this month. so bottom line for us in terms of market reaction come monday? >> i think if you get the numbers we're looking for, i actually think equities rally. we've seen jobless claims move lower, employee tax receipt now are flat year on year. that would imply massive sequential changes in payrolls over the next few months. i don't look at a 300 type of number as a flash in the pan. i would say this is the start of more to come. just like in '04. >> joe, thanks so much for your analysis. on the econ desk for us tonight. anybody agree with joe in terms of the market reaction? we have a hotter number, 350k maybe as joe predicts. and we'll get a positive reaction on wall street. >> joe would almost give you the one day where the market could sell off, thinking it could be more meaningful in the weeks or days to come. i think if you give me one day where the market sells off, market rallies, commodities sell off, then i would agree with joe, but on brian's point, you may see the knee jerk going down on monday. >> i think the idea of more people employed is a very good thing for the u.s. economy. >> even if it's one-off, government driven? >> it's a very good thing for the u.s. economy and very good thing for stocks that do business in the u.s. >> obviously if there's more jobs being made, people have to start getting paid more. the reality is that's already started to improve. karen said this many times, you know, those people that are doing well right now are actually doing very well. >> part of what sold us off, i believe, at least in my opinion watching a dead market today was goldman sachs lowering those numbers down. that's a huge discrepancy. those numbers versus joe, that's going to be a huge number tomorrow. >> i think it was goldman sachs, a couple of reports ago where they did revise their fore midday and they nailed it. >> this is why joe's call is a little controversial. the adp numbers have been pretty close. >> okay. we should remind you, the markets will be closed for business tomorrow, but cnbc is open for business. get full coverage of the big jobs report on "squawk box" starting at 6:00 a.m. future pits are open until their usual time about 9:15. so there will be market reaction. wall street had their say. now it is time for our traders to weigh in. let's get to the calls of the day. oil and gas names, cnooc down after a disappointing markets release. i like this. i think refining margins being subsidized in china are actually coming back in their favor. i like this call. >> next call here, footlocker and finish line hitting 52-week highs today after fbr upgraded the names to an outperform, citing a strong product cycle. patty? >> not only nike having amazing new products but they're actually bringing in apparel which has better margins. i think you go ahead and buy here. >> we should note that we did speak to the analyst who made that call on the "halftime report" and he gave us a second derivative play and that is nike. he said it's absolutely a buy ahead of the analyst meeting in may. >> i do. i know where you want me to go and i'm not going there. you have to look at china and the growth they have. i like nike for that reason. >> you like it for the different kinds of shoes they have out there. >> they have different kinds of shoes. >> the toning. >> i've got some toning ones. >> next call here, independent energy economist jeff rubin expecting oil to soar next year. joining us on the phone is jeff himself. what kind of move to $100 will we see? slow and steady? or will it be sort of a peak? so many people are concerned about the reaction to the consumer. if it's slow, the consumer will absorb it. if it's not, that will be trouble. >> right. i think what we'll find what comes very early with a world recovery are the same oil prices we saw a couple of years ago. we will be in triple-digit range by the fourth quarter and probably take out the $147 high sometime next year. i guess the question going forward is, is the global economy going to be any better able to withstand those prices than it was two years ago, and certainly not intuitively obvious to me that it is at this point. >> jeff, this is karen. do you think it gets there because of supply/demand dynamic getting out of whack? if so, do you think we see further production to get pricing back in line? or some exogenous event, iraq or something like that? >> no. it's a combination of the fact that the supply we're going to see is the supply that we can't afford to burn. i mean, you know, places like canada and venezuela can produce 4 million barrels a day out of the tar sands, but unfortunately the prices that are going to be needed to lift that oil out of the ground are going to be the same prices that take you right off the road. on the demand side, the problem is that sure, last year there were 4 million americans who took the exit lane and probably 50 million americans will take the exit lane over the next decade. unfortunately, there's about 250 million people who are just chomping at the bit to get on the road in places like india and china. so global demand is going to be doing just fine. >> what is taking the exit lane? does that mean dying? i'm just not sure. >> not driving. whereas people are getting on the highway in india. >> merrill lynch told me there's a huge upside call interest in 2011 and 2012 oil at 120, 130, 140. so a lot of big boys involved making that call. not in two months, but in two year, we're absolutely there. >> okay. got to take a break here. more show coming up next. welcome back to "fast money." for the past few quarters, a selloff after earnings has actually been a buying opportunity in this name. let's head to the charts. now, the fundamental questions about the stock, carter, of course. goldman sachs cutting to a sell, saying the focus will be on apps. that's not rimm's strong points. >> there's no such thing as positive or negative news. there's news and people react to it positively and negatively. for instance, while they missed on sales the guidance was a beat. is it good or bad? we can only rely on price market. the stock dropped dramatically. interesting, where did it stop? right at, to the penny, the 150-day moving average. 68.48. what i've drawn for you here is what i see is developing here. a well-defined series of lower highs, of higher lows, and today's weakness leaves you right at that trend line, the presumption is, which you intimated, it has been a good technique over the last several misses or drops to take advantage of the weakness. we think you buy right here, low risk-reward. >> so right now, it looks a lot like a chart you put up a couple of weeks ago where you formed a wedge. is this forming another wedge where you expect to the upside? >> i do. it's a well-defined wedge. the resolution is up, and taking advantage of the skepticism is the opportunity. in fact, there are bloggers out today saying rimm is the next palm. you know darn well that's when you want to be buying, not selling. >> that's why i don't read those blogs. >> and carter will say this is the same thing that happened back in december, just the opposite when they reported and the stock went from 63 to 72. that was an opportunity if you're long to get out. because it subsequently went back to 63. i think it's the same thing now. i think if you can just close your eyes, i know it's going to be painful, but i think you see this back to 71, 72 the next couple of weeks. >> i believe it was dupont carter was talking about. and that exploded. this whole wedge pattern is something to keep an eye on for sure. >> carter, we'll see you later on in the show. we do check our inbox frequently. we have a message here from robin. with the recent drop in potash and price targets of $140 a share, do you think this is a good time to get in or do you think it still goes lower. we can't talk about potash without thinking of mosaic's earnings which were a huge culprit there. >> phosphorous prices are up 52%. potash is a name we're long and i think it's going higher. it's trading very well in spite of all the usda planning data that says record crops. so i like the fertilizer names here. i like mosaic. i think today's moves were overdone. i would be a buyer on this move down. their pricing power is coming down. >> but the costs are going up. the cost per ton went up. >> exactly, but you're seeing it getting back. it's more than priced in on the cost side. it hasn't been on the demand side. >> trading shops with the big banks, they've been riding this rally since the get-go. hedge funds didn't mean the bottom either. when will the individual investor get on board with the rally. our next investor says this month is the time to shine. charles, you might think this indicates the retail investor gets in in a big way, that might be signal a market top. >> it might, but they haven't gotten in. when they put a lot of money in, it usually creates a top. we've seen about $5 billion go in the first three days of march, and now we're starting april. and april is one of the strongest months for in-flows into u.s. equity funds all year. last year $10 billion went in even though there were outflows of $36 billion for the whole year. in april '08, $6 billion went in. and there was a record outflow that year. >> there are few inflows into bonds last year. more than $200 billion when all is said by the end of 2009. are we going to see a lot of this shift into equities? >> it's coming from money markets. a mere $750 billion of money market funds since the start of '09. so -- '08. so we've had a huge outflow, most of that money has gone into bonds. bond funds. and, you know, it has gone from money markets and it has taken greater risks. into much riskier assets, and if interest rates go up, that flow will stop. will that money then go into equities? i'm not sure. i don't think money typically goes out of one into the other. i think it's the new money that goes into a different place. >> charles, it's karen. it's an interesting position that you pose and i agree with it. i'm just wondering, i don't think of the first individual investor gets in as the sort of dumb money. i think that phenomenon can continue for a long time. and the individual investor can probably do all right for a while. do you see this phenomenon happening for some time? >> well, the other thing that's going on that's quite important is we're seeing a dramatic pickup in income tax collections. there's only two reasons income tax collections go up. that is people are making more money or more people are being hired. our estimate for job gains for march is 280,000 based solely on income tax collections. so if people are making more money, there's more money to invest. so that could lead to better -- we could have a blow-off top in april. i wouldn't be surprised to see stock prices go up by, you know -- but that could be a near-term top, but i'll enjoy it as it happens. >> okay, charles, thanks so much for that. it's interesting that he mentioned tax refunds. i was talking to richard a couple of weeks back. he said in the past five year, you would think there would be a lot of new assets flow into funds and accounts during the month of april, but april was the lowest month of net new assets for the past five years. and he actually said -- >> holding on to that money as long as they can. >> and interestingly, he also said most of charles schwab customers don't actually get tax refunds, which i thought was also interesting. >> individual investors moving away from some of the most conservative products like money market products. it's probably better for schwab. >> april seasonally is very good month for fund flows. last april we were up 9%. i expect that to run again in april and i think you've seen disproportionate flow into bond funds and it's now coming back in equities over the last year. >> okay, got to take a break. more "fast money" coming up next. welcome back to "fast money" from the nasdaq market site in times square. there were a few laggards here and there. carter we bring back in to take a look at one name that may break out. abbott labs. >> health care as a sector has underperformed the market. pharmaceutical has underperformed the sector and abbott underperformed the pharmaceuticals. a textbook entry point, history shows sells off to a point where it comes in touch with a smoothing mechanism, the probability of a rebound is very high. you want to take profits out of the most extended names and double back and pick up a laggard like abbott. >> i'm going to walk your way, carter. i think abbott is fine. they have a patent protection on major drugs to 2016. i know citi downgraded the stock, but i like abbott right here. >> walk your way on that one. thank you for that idea. you the viewers do not want to buy what pete was trying to sell. 53% said they would not buy a wfr on the pit boss' recommendation. >> that's okay. >> what do you say about that? >> i think what scared them off is second solar came out of my mouth. and they're saying people say it's toxic. but i think the fact that these guys -- solar has been beat up so long, if the commission conditions are improving that's where people are missing the boat. >> i think viewers are saying dream on. >> when did you realize you could use that? >> two seconds ago. did you notice the smile on my face? >> he's been sitting on that one the whole show. one trader, one stock, 30 seconds to make the case. patty, the clock starts now. >> absolutely no pressure. all right, you're never going to hear me say this any other time, but i am here to sell you some herbalife. trading at 12 1/2 times. growing at 15%. that gives you a real nice p/e to growth ratio. 0.8. only 20% of the revenues coming from north america. 63% of the revenues coming out of weight management. and you have the new entrepreneurs in all the emerging markets looking for ways to make money. this gives them the opportunity. >> wow. down to the wire, patty edwards, exactly 30 seconds. >> patty's got a gun. >> all right. herbalife. any buyers? >> 14% eps growth, trades 11.5 times forward earnings. the guidance was a little squishy. didn't scare anybody off. made a 52-week high. i think p/e is right. >> only 20% of revenues come from north america. >> they toil in a lot of these kind of homeopathic drugs that people outside of this country live by. >> more "fast money" is next. the "fast money" poll of the day who did better? patty or b.p.? >> why can't we all just be friends? >> come on. you guys are thinking the same thing. >> i love patty, are you kidding me? >> the love here. all right, move on here. time for a little options action how's this for an app? buy apple for a discount and maybe double your money by next month. it's not some fancy app, it's called options. sell a stock and put on a call spread? >> you made fundamental points earlier in the show. i found the goldilocks call spread trade. right here, you know, i could see apple easily moving up to the 250 level here. i'm looking right now at the may 230-250 call spread i want to buy. i sell my stock out and purchase this call spread. what am i doing here? buying the may 230 call, selling the may 250 call. net-net, i'm paying $8.15 and one reason i call it the goldilocks trade is basically look at all the earnings plays, this trade incorporated earns on april 21. it usually makes a 4%, 5% move just on the open. you're risking $8 being long this stock anyways, so you may as well put this call spread on. and if you love it, cut this on a couple of times and put the trade on. if the stock sits still and we get at low volatility environment over the next week or so here, you could see those puts decay quite rapidly. that's why i'm looking at an in the money call. outlay $8 right there, you know, the stock moves $8, you're out the stock price, the price of the puts. i don't like that trade so much, i like the call spread better. "final trade" right after this. final trade, let's go around the horn. >> big cap em. >> guy? >> yum breads gets you done. >> karen? >> i like best buy. >> pete? >> bpop. >> i'm melissa lee. don't forget, live coverage of the jobs report tomorrow at 6:00 a.m. on "squawk box." we will see you back here on monday. have a terrific and safe long weekend. the march employment report, wall street widely divided on expectations, main street eager to get back to work. the stakes, the stats, and complete market reaction. this is a special presentation of "squawk box" jobs in america. good morning, everybody. welcome to "squawk box" here on cnbc. i'm rebecca quick along with carl quintanilla. joe is off today. andy soro is here. also bob barbera. a lot to talk about. >> yes. >> it is our favorite day. that's why carl and i insisted on coming in today. >> yes. >> we said, no, no, no. we will not take a holiday for this. this is jobs friday, a big day. there are big numbers expected. the dow jones is calling for 200,000 new jobs. roiters have a survey. the median projection predicts 200,000 jobs were created over the last month. analysts' estimates for today's payroll numberses vary widely. briefing.com is looking for a gain of 75,000, the unemployment rate from everybody is expected to hold steady at 9.7%. as we mentioned, u.s. stock markets are closed today for the good friday holiday. guess what? european markets are shut, too. but the u.s. equity futures, treasuries are open for trading. they'll be closing early. they'll be here. we're here, too. no