The yen soaring on the news. Does that excite you . With kelly here. Kelly can yes she loves currency stuff. Its crazy. Talking about 108 . Just the move. Look at that chart. I dont have a lot of insight. But i think it is remarkable that it can get whip sawed like that. Everybody piles in thinking it can only get weaker and then here we go. Live by the sword, die by the sword. Anyone putting their foot on the accelerate anywhere around the world is usually a boost and i thought really . This causes us to go down . Well the turnaround for japan. It was interesting when they did the negative rates thing in the first place. And everyones trying to do the same thing. But it was that moment they went negative you actually started to see things go the other way and it hasnt stopped since. When they go negative. Politicians do that a lot. They promise to not do that. I have to say two things. Can i compliment you this morning on two things . The tie and the haircut. Thank you. And dye job ho
Security advisor susan rice talking on the home to receive an update on the attack. He did attend a baseball game between the Tampa Bay Rays and Cuban National team before heading to argentina. Now its time for mad money. My mission is simple to make you money. Im here to level the Playing Field for all investors. Theres always a bull market somewhere. I promise to help you find it. Mad money starts now. Hey, im cramer. Welcome to mad money. Welcome to cramerica. Other people want to make friends. Im trying to make you a little money. My job isnt just to teach but also to coach you. Call me at 1800743cnbc. Or tweet me jim cramer. The underlying bid, that is a term that means buyers are lurking underneath current prices. When those prices drop, people start buying stocks. Thats how you can have a day like this one, one that started with a horrendous terrorist attack in brussels, which justifiably brought down almost everything at the opening, then a rally in the afternoon. Dow only fall
But i was short because what this is normally going to do is the fan boys, and take the fang stocks, and take the favorite stocks on wall street, and you will see is speculation on the cal side over the puts 2 1 on mo most days, and apple who has a more exaggerated call speculation of earnings didnt have it. Instead, it was active put speculation, and massive put speculation down to the 95 stripe on the put side. So i put on a simple put spread. I tweeted it out yesterday, and put on the put spread and paid 40 cents for it, judge, and went to 2. 20 to dday and took off hf at that level and then i am going to to be seeing if apple holds or whether it goes down and test s ts the february lows and david lieb ebenthal, you long and the stock, and are you staying with it, and why . Well, first of all, kudos to my broer this, jon over here, and you must have slept like a baby, but i did not. It was a stinker of a quarter, and the guidance and the puts and nothing to speak positively though.
While many investors are selling weve got an apple analyst holding ton his rating and well explain why. While tech is weak, energy is outperforming. Remember, this was the opposite last year. Were going to debate whether this tech weakness represents a buying opportunity. Also joel ackman along with Michael Pearson will get grilled on capitol hill. Theyre scheduled to testify after the close. We will have live coverage of that in the next hour. Lets tart with the tech wreck, an outperforming rating on apple but just lowered his price target from 130 down to 120. Julia boorstin spoke with twitter Ceo Jack Dorsey. He said ball street doesnt understand his company. And Dominique Chu looks at the role reversal between tech and energy this year. Lets begin with you, on apple, a loss on the open, at least, this morning of another 46 billion in market value for this stock. As it experiences its First Sales Decline in 13 years. Why are you hanging in there with this outperformed rating right n
Our roadmap begins with shares of amazon soaring in the premarket after a Solid Earnings report. Well dig into that report plus how amazons game plan is going after netflix. And becky catches up with Warren Buffett in omaha. And more on apples rough month. What does it need to recover . Exxon and chevron out with earnings. What you need to know about big oil and all the energy names leading the way isnt the s p this month. First up, amazon up sharply after posting its most profitable quarter ever. Revenue growth the highest in almost four years. The sales in the companys Cloud Computing business up 64 . And then theres the upbeat guidance, the margins story, the operating net out of web Services Bigger than their north american business. I have to tell you, you know, on the Conference Call, the Conference Call is very flat. People understand amazon Conference Call its almost like its being spit out by amazon itself. Its just a very without any emotion. When youre seeing numbers and mar