Executive orders on drug prices, we will hear from the top ceos in the space first we start off with wall street, a selloff on some of the most widely held stocks. Facebook is down 3 , goggle, nvidia, apple is down a whopping 7 and netflix is down more than 8 so we talk all the time about waiting for the dip to buy if this isnt the dip, what is which names are the best right now . Guy. I think netflix stands out to me i do know the move we have seen over the past couple weeks, we have moved to this magnitude before we had one in july we have seen moves in netflix. Within a week or so the stock continues the upward trajectory. 150 is a big level in my opinion. If you look, thats where we broke out in may we held it few look for riskreward, i dont know if this is a predicted buy overall. I think it is a dip to buy netflix. I think netflix is the stock that has a lot more room to go i would be on the other side on nvidia, i think the uber stocks are a proprietary moment pum its natural when you think how overbought they were they held 50 today i think they probably are still too finite base. I think at months end it could be choppy. Right now it should not be a surprise. Up until friday, it seemed like the market kept going higher, people got thinking, oh, im never going to get that chance now even if it is a 3 or 4 decline they didnt have before friday. You can buy the dip until proven otherwise i dont think there is necessarily anything broken in this market. Until it concerns the equity mark, the u. S. Stockmarket, then it doesnt matter, so i would by a stiff, the one to me that sticks out is apple. So id rather put up or shut up here and buy apples trade at 144. My 140 is my stopout area. We have a new mojo out in the fall. You have an s p, russell reway rebalance, so you have a lot of things going on a lot of things going on i bought out just like bk said, what are the odds you get to buy apple down . Very few and far between when you look at it. It came off that Developers Conference, that to me is a weak spot historically weak spot and if you look out a couple of weeks from that its usually trading higher i took advantage of that weakness for a host of Different Reasons and we dont know. You dont know if there is more down side you dont know, you can see people say sell off the out performers, the lagers, that can happen in the next weeks or. So i gamble. You got plenty of chances to buy apple down 8 or 20 im not saying thats where this is going but its interesting to me that on the way up people were willing to call apple a hardware company. They had a new piece of hardware coming out that end of it. Yet, were starting to im not saying apples multisample anywhere near facebook are you at a place where people are placing more on apple than the iphone 8 release what is that why now when the stock momentum was nowhere . I think the buy back has a lot of potential i think its the money off shore, if anything changes with tax policy, its not just a tax holiday. If that money can come book into perpetuity i think people like that its here versus thursday before the selling started, right . Its the same story, correct right. There is no news that the sector is a couple down grades here and there down zbradz. Thats not news, thats what happens on wall street. If you remove the momentum from this market should all these stocks have gone to the moon i think we would have argued on this desk. Have they removed the momentum you come out and start with attraction is apple down 8 morris thats the momentum out of the name. Apple stopped right at its 100 Day Moving Average this is moving why it stopped. Few look at a lot of these names, they havestopped right around or on their 100 Day Moving Average this is what they are using for buyin to tims point, passive investing, its huge but we havent been on a triple day since december 7th. Thats what we do i think, you are right. For a week the s p right now is flat. Everything thats happened, it feels like we had a tremendous week but when you look at the macro, the s p is flat for the week triple qs. Its interesting, you typically dont get opportunities in apple tim mentioned, its true in the middle of 2015, apple was a 134 stock a year later it was a 90 stock. It was going straight up apple has moments leak this. Im not suggesting on the precipice. I hear what these guys say my level would be 134. That was the all previous high back in the middle of 2015 so i was looking for an entry level would be there if i would be long there, i would be concerned it would close below that level. Did this level on apple, we can see a lot more down side that episode back when was it . Middle of 15. We got through a better than expected holiday season, you have a ton of upgrades the cycle to talk about and the streak falling through late and pushing the stock in before we left the barn so to tell me that im excited about apple right now, intlin i think there is pressure on a select e sector. Two things that happened, Developers Conference is a soft week and reallocation trade, those two things coupled together put a little extra pressure on it i do think it is a buying year for apple coming up, to own the stock. Now, especially when if you are going to buy, go buy growth, buy facebook or google these are companies that are delivering growth commence rat with a multiple. And apple is much higher than it is today. That will be will your reallocation the next two weeks, through that rebalance and apple is much higher, that will be your defining moment. Who is trading, buying apple . I bought it. I bought it. You guys closest to me. Apple is a phenomenal company. The multiple is not crazy. I get back to be consistent here, people were complaining about lack of innovation nothing to talk about. The stock down 8 im bike it for a trade. Its still a hardware company. 100 who is buying it for a trade . You buy it so high. Ki walk you through it im going to be a wise guy when i sell, what do you mean i dont expect to be long this thing e thing the next two, three years. I might be long the next two or three weeks. My point is fundamentally the stock looks okay. Its a great stock. You are arguing with me why i wanted to buy it why dont you look in the mirror you are saying im bike it for a trade, i dont know what a trade means. Thats exactly right a. Trade for sui different than a trade for me. What time frame are you looking at for apple again, so im looking at the upcoming cycle, right. So for this, its probably this is your entry to capture the iphone 8 i all year say buy the vix. I will agree the riskreward is not as great ass the at lower prices, but were asking, do we buy the dip here yes. How long will that last . I dont know maybe a month. Maybe its two or three weeks. Im not sure when it gets back up to 160 or so, then im going to say, hey, now is time i want to trim a little bit off thats what it means for me. I think there is opportunities until you get this iphone released in the fall to buy the dips in apple. But to be clear, with all these stocks were talking about, you had to be making a market call. So on some level, can you be so cute that you can trade these things around every 4 or 5 . You are asking is it time to buy dip . Is this a park call . You really believe apple of all the names is giving you the best upside i think ultimately, to trade three or 4 loses the stock. Its a style difference am i an apple investor or tourist . I mean, thats really what it comes down to. Most people i think are probably thinking ability this as a fundament alibi. And the market call is not necessarily market s p calm, its a market teches can go higher, if they go down, right, the overall markets are up. The rotation continues. Exactly. I dont know the answer to that question. I do know that we talk about levels all the time. I do think levels are important. Going back to the original thing i said, i think to me all the ones we talk about, netflix and the riskreward looks interesting at the levels we talk about. There are two hot tech stocks that are must buy, one big name is short lets go to trading announcements. Com. What are you looking at . The first stock to look at is nvidia, chip stock, can you see weve broken from a beautiful base here thats really set up higher prices. If i can do my best Straight Line analysis here checking the lows, taking that line and making it parallel off of this swing high, my best Straight Line, thats going to target higher prices right around 250. Its longer term nvidia, as we go out from this monthly chart, all the way down to the daily, i was listening to carter on closing bell on this outside bar here, he was saying this is a bear ib situation. Normally yes just to show you, the highs an lows encompass the prior desk. It should have broken down and over the last four days, its just not happened so when something should be happening, it isnt, maybe look the other way. I like nvidia on the top side. Next up, apple, we were talking about this in terms of a trade i like it. Lower. We will source this parallel channel which defiance support off these two swing highs and as we dip down, right around the 01 138 region, its definitely one for a tradeable balance or a rent as you guys were talking about. The other one is netflix i dont like i have to disagree with guy on this one, if you take a look at the nasdaq here, this is the qqq in blue. Will you see this guy has made a higher high. What has netflix done . Its made a lower low. This is one of my horses in the 2017 stock draft and i think tim seymour is comfortably in first place. Its a long season, my man. Thank you. You are stupid value. So netflix has had a very big under performance. Im taking a back seat in that contest. As you get off this one, will you see netflix has not only under performed the nasdaq but broken support here over since the election lows, so unfortunately, netflix is under performing few want to be short, you look here. The push back is yes in the context of that its under perform, if you look back to july of last year, this is the third time now this stock has had a percentage move of thissing a my tude, each time its bounced to me off a significant upline, so i would agree, if we get it closed below 148 or so, ill reevaluate for me this has given me the opportunity to see twice in the last two years. I thought from this perspective, guy, i would say support has been broken. If you were to draw this same line over the nasdaq which has been by the way overperforming the russell and the s p t. Netflix lost it. For me, right now, it could change. All right thank you. Thank you. Steve grasso, what do you think of nvidia . Nvidia is flying high i believe in the internet of things the connected home the connected car, i think nvidia is the crowd favorite i know its lofty prices i would still be a buyer, though. What i like about nvidia, im with you on that you have a very defined risk area that 140 level, todd was talking about, all of these, you are not buying on the low. You are not discovering this thing all of a sudden nvidia is the best ever. So for me, i look at that 140 level, say thats why im out if i were wrong, i would buy it assuming the marks are he. You have as to make a lot of assumptions on that. What assumptions . I buy it if it goes lower, sell it. I think nvidia is a poster children when the market is flying you cant tell me in a difficult tape it will be trading where it is. The market may go up. Thats exactly. Any stock would do that. Very few stocks will trade bearish. I am glad are you bullish on the market its flat from last week its flat. Hes talking about a recovery in the market, steve. Of automatic things otherwise, have you as to buy the dip. Yes, you do. What will you say about apple . 135, 1 lath . I want to give guy a credit for hanging in on a storied stock, they have driven the market i think its the Earnings Statement out and they boat on International Growth i think this is a company, though, that ultimately is trading at a beneficiary of a ton o money into high growth names at a time frankly we dont know what growth we are getting out of this economy. There is rotation and guys under porling and theyre chasing this stuff. Coming up, shrouding back to the ipo price for snap at 17 per share, 17 on the dot, did anyone on this desk buy . Plus one socalled group of boring stocks you may not be paying attention to we will give you the name and if there is time to get in lance is here in the green room putting a brandnew Microsoft Surface pro and ipad pro to the ultimate test. A test so wild, it will blow your mind. Hell join us later to reveal his thoughts and include a real mu me asmoyft ne still ahead. We created the ripple the doughnut in a doughnut in a doughnut. 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Introducing americas largest, most reliable 4g lte combined with the most wifi hotspots. Its a new kind of network. Xfinity mobile. Welcome back to fast money. The etf attracts gold taking a hit. It falls 20 bucks after a twoweek low under pressure from a slightly stronger dollar bk what do you do in. I think you get out of gold im not in it right now. To me this is all about the dollar you ask me what will make me concerned about the market in general . Its the u. S. Dollar its the most important thing to watch. It looks like its starting to turn you are seeing a bit after a spike bad for gold t. Dollar is the risk indicator t. Vix isnt. Are you lo ethe dollar is i am long on the dollar at this point across the board. I think the fed gave people, we saw conditions the dollar has gotten oversold, its hard for me to see how the dollar is going to break out from this range. When you think of bank devil ditionals owe differentials i think the ecb is well behind the curve. Current account country in europe thats where you want to play i agree with brian, ultimately, i think gold medal, first of all, think of the fiermt it had, gold is flat on a oneyear basis with the political chaos in the world and the being on its knees, thats not a good seen zplu seemingly have deflationary plaesh pressures, whether i like or not, its not going to help, so the dollar is probably oversold on a shortterm condition, probably due for a bounce i am a believener gold longer term to take a bottom here, its probably not financial to happen. Looking at snap, it kicks off our top trades, falling in at 5 closed factually 17 which was the price of the ipo remember, dana pepper said he was waiting for. Ill not jumping through the hoop to buy the 2180 should it go down closer to the org offer price, i would like to buy the stock there. Im a believer in the company. Its a valuation question do me. So this is interesting, pepper had to pull the trigger and buy the stock at the ipo price. We got the price, except it closed on session lows right at its alltime low. I not only think that david tenner is kind of forced hes a plan of his words, a standup guy. I think a lot has changed. The Earnings Report that was right after he got a nice big allocation. So yeah. Speaking of alocate, yalocat will see the bankers on board on this ipo, no, they do not have to stand up or back the stock. They are under no obligation to do so i think it will be greeted with some buyers, but its won a battle it hasnt won the war. Its going on the banging around at this level for quite some time. The sentiment on the stock, so Many Research firms come out with their initiations on the stock, for the most part they have been negative. Exxon a couple weeks ago on the 1 line show. Power line. Brian saw it. But the guy you interviewed said it will be a single digit. You said, single dimg it he said single digit maybe theyre seeing foot buying. The first time down we did a great job. We talked about the stock. Fired it the first time down it got down to 1745 bounced to 22 and change i think when citi downgraded it, j. P. Morgan youn down graded it we said grab the rip cord. On a trade 17 bucks it would trade four or times normal volume it didnt do it. I dont think the support there at 17 bucks. Remember the last quarter it wasnt that great. So a lot has changed the fundamental story has changed in the stock sense the ipo. Has it changed . We knew before they werent going to be a problem. We knew the numbers from the last quarter, right . People Start Talking about valuations, not people on this desk well, at this little, i want to own the stock the valuation makes sense. People are throwing darts on the valuation. For this in particular. The play for me on this, few think you want to play augmented reality. This is the only way to do it. You dont have to do it here theres a lot of stock coming for sale there is not going to be a lot of support zplu say all these same things about facebook we had that level. Facebook tried to put them out of business. Whats changed in the story . Facebook wants to obliterate snap zuricher berg said tried to do it couldnt do it now he will put them out of business. Facebook went down for a long time. It has a lot more pain ahead before its a buy. Facebook was down in th dumps for a while. People said, he wears a hood difficult. He has to wear a suit. I think thats why its not a single digit the reason he would be complaining about this stock, think about the demographic profile. Facebook has 2 billion people. Most are grannys an whoever. Your friends, im not sure ultimately, you have a case where the demographic and snap is first of all not necessarily the one. Facebook has such a lead in terms of scale and Global Programs in reits. We cant compare them. We are doing this on a lookback. I think its apples and oranges. So we set the straight, my bingo group every wednesday night. Thats where we find out the church hall we are going to. You we heard about. That we do it open facebook. The call numbers here he screwed me up. Turn down the miracle still ahead, conducting the ultimate tablet test which tech giant has