Like caterpillar, ibm and walmart. Check out gopro, twitter and 3d systems catching the bid here. Is this the dash for trash. Do you buy the trashing names into the end of the year. Guy, what do you say. This is a quick trade. Whole foods markets up huge. Abercrombie and fitch off a huge move up again today. So is there still room on the upside . Probably yeah, because the shorts are still covering and people absolutely chase. But these names have been beaten up for a reason. And the cream rises to the top and the opposite is true as well. They will come back to earth. Specifically ibm. I think abercrombie and fitch is getting toward levels you want to pull the rip cord as well. And you cant fade this. Because day like tomorrow, light volume, buyers typically have their way, they will have their way tomorrow. It was light volume today. You pointed out that, dan. Low volume. Since the day after thanksgiving. We know the market or stocks had pressure, poorly performing in this month. And you think about selling and you have to wait a month to get back in. But there is a lot of traders who think about it the other way. They wait until the stocks get beaten down and know they are going into a low volume period and move stocks around. And that is what i think is going on. Think about the dynamic between now and next friday. There is going to be very light volume. We have next friday off for new years eve. I think there is Monkey Business going down. You have to get back to fundamentals and think about ibm and cat. If the sentiment is not so bad, then there is the trade into q1 Earnings Period in january. But if the sentiment gets increasingly better as we head into the earnings, then you want to sell these things because they are going lower. I totally agree. The twitter and the gopro of the world, shorting going on and investors looking to park cash. An look at the beaten down names putting money in to protect portfolios. They are down for a reason. Guy makes a great point. Why put money to work in a sector that is not growing. I stay far away from what was mentioned. And at the same time, karen, you are nibbling on a trashy name. I recent what you call it in retail. Well for a long time. We talked about it in the middle of the day. Macys opened down almost a dollar. I dont know why. Clearly sentiment is terrible for macys and terrible for Department Stores and retail. It seems overdone. As dan cited, tax law selling. Putting pressure here. I dont think there is a lot of hope built into macys at this price. I think youre right. And even though the volume is light. Karen stepped in for macys. Are there names out there. We had the chairman of saks and i love macys, when you talk about nordstrom too, in retail, there is always a need. And best buy has shown us this since circuit city went away. I expect with the stocks where they are and the boards thinking about what the retail environment looks like going forward, you will see a combination of macys and nordstrom what does this mean for you . Ive been bullishly predisposed in macys in calls. They are way out of the money. That is a name, i think, because of the fact we had activists saying the real estate three months ago was worth more than the market cap. But it is 25 less than it was a but it is no longer viable. But i want to switch to a name outside of retail. A name beaten down that may look interesting right now. Or is that not the way you play. Sun edison is a name we talked about. Well probably touch on it later. I do look at the stock and say down 20 today. Probably justified. I would be a buyer looking for a significant rally. Moving on to the big story in the after hours share. Nike surging after earnings. Sara eisen is listening in on the Conference Call. A few reports. China, everyone wanted to see the numbers and they continue to be strong. This is the growth driver for nike. 24 sales growth during the quarter. Futures orders in china. This is a blowout up 34 . Higher than analysts were looking for. Total future orders which is what investors are paying attention to, 20 . North america strong. Western europe continues to show doubledigit growth. But nike is feeling the affect of the strong u. S. Dollar. No question about it. Revenue growth, 24 . That would have been 12 without the strong dollar. In europe sales were down because of the weaker euro without the currency impact. And emerging markets feeling the pain. But what investors come to expect from nike, they saw again today, which is margin improvement. Another 50 basis point increase in margin. Driven by nike pumping out products that people want and better innovation in speakers and sports ware and higher prices. So on the call were listening from management on how they continue to drive profitability on the back of product and expanding the jordan line something they have going on and the lifetime deal with lebron James Heading into an olympic year. And a stock trading at a high multiple at a record high price and the dows best performer of the year, melissa. Well check in with you later. Sara eisen on the nike call. Talking about the valuation. Were looking at 30 times forward p. E. At this point. 3 and change away from a 52week high. How i do trade this, guy . Stay long the name. At some point valuation will matter. Right now you probably have 15 eps growth. 17 or 18 revenue growthish. 11 yearoveryear but it doesnt matter because the margins continue to improve. But you cant deny the growth of this company and you cant deny the fact that the stock just continues to climb higher. We said stay long. You continue to stay long. And your trade is footlocker. They do move together. It is very good for both. [ technical difficulties ] i would stay the course in footlocker. It is much cheaper than nike. Nike is fantastic. Dan, you have been skeptical of the China Economic growth story. Does this change your view . No. Here is my take on that. It is up 34 . Chinese consumers are aspirational and going for iphones and stuff so to me the growth is fantastic. I would take it away from nike, a stock up 37 on the year and trading at 30 times forward earnings and you may think it is expensive. I would say under arm or is trading 60 times forward sale and they have no sales outside of the u. S. Zero, zilch. It closed near the highs. Up in sympathy with nike. As you head into 2016 and these guys start to articulate how they will grow overseas that is the own here over nike. I agree with that call. On the bet they are going into other markets and you wont burn money doing that . So here is the way i look at it. Nike is going to 150. This stock is phenomenal. Only place in retail you could hideout and be comfortable. The growth momentum is on their side. Under armor, under sold. Fx concerns and capex concerns. The whole nine yards. Completely oversold. It is worth a trade. Would rather own nike longterm. But for a trade, under armor is a layup. I go longterm with under armo armour, they have have 32 billion in sales and youll see a 10 billion sales company. For more on nike, the bbt market Vice President and analyst here at the nasdaq listening to the call on the infamous red phone. Great to have you with us. At what point does valuation matter . That is the struggle that nike investors have. Right. As long as estimates keep coming up an the futures are outperforming expectations, we dont see a limit to the valuation at this point, in the near term. When you look at it compared to under armour, also trading in the high 60s on a p. E. Basis, you could make a good case that the nike multiple does need to come a little bit higher. It seemed like across the board the nike quarter was strong. So at this point what questions do you have for management. What are your concerns . The sustainability, another question is the operating expenses. They were a little bit lower this quarter. What is the what is the impact of the lolympics in the next quarter. Guided to high single mid digits and came in higher than that. And they will pop up in the second half or is this a run rate we should be going with is one of my big questions. Well check in with you later. Thank you for your analysis. Corrina of bb t. And ill pose it, a would you rather. A great game you just played with dan and david over there. Nike. I think the problem with under armour, the weather has killed these guys. It has taken a long time for them to undo the effects of the weather. I think they are in a threemonth lull and nike continues to grind higher. A news alert on four square. To seema mody in the newsroom. More evidence of price tags being cut in the startup world. Four squares valuation is being cut more than half. Now valued at 250 million. Again, this is less than half of what investors thought the company was worth two years ago. And according to sources close to recode, four square has also talked to potential buyers. That is the latest on the wires. Back to you, melissa. Seema, thank you. Another one getting its valuation cut. Is this sort of does it symbolize what is going on in Silicon Valley or is this a i think they were early on smartphone and people forgot about them. And the functionality on peoples phones were taken into consideration and why does this need to be a standalone. And that is what is a lot of what is going on in silicon vall valley. Weve been through this before and seen it in the 90s and great ideas an they werent and they werent standalone companies. And they went public and then they figured out. They would have gone public but they couldnt. But the unicorns in sill von valley, they are hunting and going down. I think so. The horn is being flipped. There is a great scene in dodge ball when vince vaughn went into the and the unicorns. I dont know. That is a foreign film. Chipolte, is the fast food battling the ecoli outbreak. It is still not a cheap buy. Well explain why after the break. And ford is starting to act more and more like a company out of Silicon Valley. Will it start trading like a tech stock. And airlines havent gone very far this year but one analyst said the street is missing a major part of the story. Shell explain what it is when a busy fast money returns. Bring your family and friends together to discover the best shows and movies with xfinitys winter watchlist. Later on, well conspire as we dream by the fire a beautiful sight, were happy tonight watching in a winter watchlist land, watching in a winter watchlist land xfinitys winter watchlist. Watch now with xfinity on demand your home for the best entertainment this holiday season. Welcome back to fast money. Celgene shares are rallying. They will allow the u. S. Partner to sell an unlimited quantity of a generic drug as part of a patent settlement. They are a mia loma drug. Shares up 9 after hours on this news. Melissa. Seema, thank you. What does this mean for celgene . This is a great thing for them. The stock is up 10. Overhang lifted. It is safe to buy the stock. For biotech. This stock has acted poorly. It was banging around whatever that level is, 110. If it fails tomorrow, you want to be out of the space altogether. It aint failing, brother. Ill tune in tomorrow night. No, dan is going on vacation. Hes checked out. Tough day for chipolte on renewed worries of another ecoli outbreak. In the past three months the stock has fallen nearly 30 losing a third of its value. Will it stunt the growth and make it a cheap stock. Maybe not. Take a look at several casual competitors. Shake shack, mcdonalds at 20 times, yum at 20 times and jack at 19 times. We talked about this. This is really about putting your finger up in the air and seeing what happens here. Weve known this Burrito Company traded expensive here. Lets bring it back to mcdonalds which has almost ten times the amount of sales. It is expensive at 22 times forward earnings. That is mcdonalds right here. And we know the stock is at an alltime high. Where should chipolte trade . I dont know. It should probably trade lower because we dont know when the sales will pick back up again. That is the issue. There is too much uncertainty. How would you play in a situation like this . I wont play it. We dont know what the e. Is. How could we know what the p. E. Is. When i think about other companies that have come back from Something Like this, jack in the box is one of them, that took a while. And a lot less painful if they werent trading a supper frothy multiple going into this. And the decline in earnings, you just dont know. It is amazing that wall street was very sang win. Not quick to do anything on the back of the ecoli outbreak. And you dont know what the e. Is. And increasingly as time goes on, you have less and less visibility on what that earnings aspect is. We get criticized for a lot of things. I think on the desk weve done a great job navigating through this name. And to karens point, it would be painful if it wasnt trading at 31 times forward earnings go into this entire thing. Is it still a growth company. Yeah. You would make an argument. They will still open stores. But it will take time. Just because they open stores it is a growth company. They will get their mojo back. It wont be for a while. I took the circumstanceuteus route, up sixth avenue, went by two chipoltes and there was nobody there. What time was that. At lunchtime. People eat lunch in new york city. Dont miss with my story. It is a good narrative. But if you walk by a chipolte now, you aint going in. That is just the facts, jack. Next up, activist investor david tapper turning up the heat in his battle with that stock. Tara form got crushed as sun edison requested documents about the Parent Company sun edison. And he is looking for the minutes of the last meeting at which three Board Directors resigned. Hes looking for that as well as discussions that vivid and sun edison at the time they signed the merger and recut the deal in early december. And i have to tell you, where is there is smoke there is an unbelievable amount of smoke here. The three directors resigning from the board, saying they cant uphold their duties. That is a terrible, unusual thing. Cleary gottlieb, a high quality law firm resigned. They left. They didnt say why. That is a terrible fact. It is if i were the ceo, and the cfo of sun edison, i would be worried. It does, from the outside, appear to save sun edison they were stuffing properties in tara form that was not the original intention of tara form and not the mandate and not the structure they thought they had entered into. This is a very bad fact set. A very bad appearance. Tons of smoke here. I dont know if they will be able to get access. They should. They should. Well see. There is much more to come. This is a bad situation. As we discussed before, the timing of it is also dealing with smoke in the cfo of sun edison becomes the cfo of tara form and they are disposing of assets when they said before they would not. So you have a theory of what is going on and what tepper has up his sleeve. I look at it and say tepper wants to break this deal up. This vslr deal up. He is a majority holder. He has 10 stake and holds the bonds as well. And i bet you, and well probably see this when it comes out, i bet my last dollar that he bought sune when the stock broke down to 3. 5 bucks and maybe below 3 bucks and there is a new amendment on december 9th when they went through and restruck the deal that said the vslr board has the right to demand cash all cash transaction for this transaction or for this deal if the sune stock pulls back a little bit. To me that is interesting. Because he could push his pencil around here, irritate some other people involved in this transaction and forced the deal not to occur. Because of vivid would demand cash. They could demand cash. So demanding cash is a massive amount of money for sun edison. Roughly 11. 93 a share. But the break down is 34 million. It is a rounding air when it comes down to the transaction. If it breaks up, think about what could happen to sun edison, it could trade up why . Not in a scenario where they breach the contract. This is a spending deal. If they break this deal, if they break the deal off, right, break it up, 34 million, it is a 34 million breach. I have to check that. I dont think that is but it is the presumption is that Solar Projects will be interesting and lower for a longer period. But here is the problem with this it is a spend issue for them and that is the overhang for them in the stock. They are asking for a massive rep in revenues next year that is not likely to happen here. It has a 1. 6 million market cap and . 5 billion in cash and 11. 5 billion in debt. A lot of things have to come unbound with tara form. A 2 savings. What happened to the stock. Sun edison went up 25 . Well it went down today. This is a layup here. I think at this point in sun edison your options are way too expensive. I think dan could speak to that. You have to be willing to watch it go to zero or to 15. I think karen would agree it is binary that point. But that is a risk if it is too risky, stay away from it entirely. Nevada put out proposed legislation that was retroactive against solar panel homeowners. It is terrible precedent. And that is why the stock is down today. The whole industry is down. Still ahead, check out shares of nike jumping after hours. Our nike analyst is who is listening in on the red phone. Well have headlines later this hour. Im melissa lee, youre watching fast money, on cnbc, first in business worldwide. Here is what else is coming up on fast. Get in there and sell, sell. That is what is happening with disney, apple and amazon on seemingly good news. So what is it that has investors so worried. Plus crude is tumbling and Airline Traffic is up. Are you telling us absolutely everything . Not exactly. Were also out of coffee. So why are Airline Stocks in a Holding Pattern . A tough analyst explains why you should be buying when fast money returns. Welcome back to fast money, everybody. News tonight from the manhattan u. S. Attorney that an individual alonso knolls, age 23 of the bahamas has been charged with a scheme in which he has tried to release for money scripts of Popular Television programs, plus personal information, including Social Security numbers and private information including sexually explicit videos involving celebrities and professional athletes. He intended this as part of a grand scheme in which he was willing to sell the material, including the sexually explicit videos to the highest bidder. He has been arrested and charged tonight in manhattan with those crimes, including Identity Theft and copyright violations. More will presumably come later. The names of the vic