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tv   Mad Money  CNBC  November 7, 2023 6:00pm-7:00pm EST

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>> karen for a rated the tapestry story and makes me think i should be a buyer of this name. this is deep end of the poom. know your risk tolerance. >> okay. you had the other side of that. >> when they announced the deal, steve and i both said, good-bye my mission is simple. to make you money. i'm here to level the playing field for all investors. i promise i will help you find it. mad money starts now. hey, i am cramer, welcome to mad money. i'm trying to make you some money. call me. tech companies call it optimization. it is the kiss of death for any
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highflying tech stop these quarters. with more revenue projections. heartbreak for shareholders. listen, this fall before the index. people considered last week's rally a one hit wonder. i begged vigorous to disagree. this morning, a total surprise, dated dog chaired the tech -- the optimization process had become much difficult to come by. these strong numbers from a
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little company. let me just check, the idea of calling it little is something that possess the media today. $33 billion company. since spending 20.7%. shocked everyone. by betting against tech stocks for months. after 57 points, the nasdaq was filled with companies that are afraid of optimization. just some new things from the biggest tech companies that you know. data dog. to dominate the action. i don't know. my dog tony. it is company that sits in the middle of an important tech
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segment. when it comes to security and operations. they are tech ops. they actually call it that. data dog helps his clients with applications to perform and secure their data. it sounds narrow. there has been a moderation of tech spending in all of tach, that moderation, they are declaring it is petering out. if not, over. especially when it comes to anything touching on ai, artificial intelligence. amazon and microsoft, great ally. all data dogs known partners, service now and met up platforms and shop if i, they sold their stocks too.
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apple up one .5%. these stocks are heavily shorted. now those that are short are being crushed. there are a number of short sellers. a lot of it was not betting against tech. how do they come up with all of these euphemisms that this thing stinks. things were going to take a turn for the worse, not better. normally a small slowdown will surge to a big one. these are atypical times. when it comes to artificial intelligence and cyber security. companies cannot stand up if they do not go on these issues.
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it is existential. threat of security is incredibly high. with artificial intelligence we need to monitor sites to make sure they are not infiltrated. data dogs did not mention many customers. all signing big contracts, huge this quarter. data dog alone could not have such a gigantic rally. there is one because the treasury department raised a lot of money for 4.5%. something like 5%. people did not like bonds last week. now 4.5%. the fed is done raising rates. something i doubt will happen. it could be in the cards. i'll have more to say about
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inflation later in the show. just so you know for the record. i want to go back in time. what is really at stake here for you and for me. really at stake. the day before we had a 500 point rally. that was monday. one week ago, so many huge people argue that there is no reason for it to be higher on monday. we are oversold on proof of that. all week as the market runs relentlessly high. there is up to schism of anything has really changed. it has not changed, whatever was bad, paying up for any stock in that environment. a billionaire strategist media
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complex. things never get better. and outright military adversary in iran. unrelated to the market, this is a changing field. son of jeff to recognize that there are things happening all the time. the stock market has still rally. whereas it always been a priority? the sender always feels like it won't hold. and it never goes away. does this have to do with hyperscalers and microsoto geop there is a purchase of individual companies. right now it's going for this direction of the bowl. these observations are extremely important. there are black dogs in the
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press that of told us that stocks are too dangerous for you to own. i don't want you in stocks. they want you in cds. they don't care about you. a shroud of doubt about everything. even if you try for the rest your life to do that. what are you missing? let's look at that. cramer is a wise guy. they don't know the difference between the data dog and the down dog. they think ai is overblown. they can't get their arms around any of this and they would have to get their hands dirty. another company at the center of enterprise revolution. too small for them. i'm too small for them. the data that drives this complex is very strong.
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how much money do these people manage every day. they have less impact than you think. they are bringing their negative sales. in the media advocates all responsibility. they always do. they are amplifying to the other members. me, what'll i do? looking at what stocks are popping. something is going on with the data dog. you have me curious. what does data dog have to say? backtracking. i believe in bowling. hitting the front period. they are trying to convert it while they still can. how can they do that? they will not pick up the data dog file for an easy sake. they will not talk to anyone at google or mehta or anyone else. they just talk to each other.
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the media and the billionaires. this rally has to fizzle. bottom line, sometimes smart money can be really stupid. i have said that every single day. if you have not changed your mind, adjust your reality. you should be left behind. increasingly, it will inspire more buying than selling. robert in new york. robert? >> jim. i have to tell you, you do make people money. puglia. >> i'm trying. new vienna 10 year span, you should sell everything. what are we supposed to do? >> you could not have said that any better. >> you know which way the wind blows. >> let it go down the tubes. you knew it was coming back.
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i know the total earnings. we will not talk about that. you have interest. >> by pinterest. you will not get a price for me. do whatever you like. they have not know co. i think the site is kind of benign. my younger daughter would look at a pinterest. there's that. last week was a transformation change for the stock market. if you are too busy following smart money, let me tell you something, you will be left behind. averages will continue to move, the nasdaq will fizzle. we will find out what's coming. from arizona to the east coast, how about this hanger, 14 million square feet of it. as you approach that, sitting down with the co for those who
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protect and serve. i want you to stay with cramer. do not miss a second of mad money. have a question, tweet cramer. hashtag mad mentions. send him an email. or give us a call. miss something. had to mad money.cnbc.com. live from disney headquarters. instant earnings reactions, updates on reshaping the business. closing bell overtime.
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with lockheed martin when it closed on october 6th. he makes the forecast so wall street did not care. with veterans day, it is worth remembering. 40% of their new hires were for former service members. it is one of the best employers for veterans. president chair of lockheed martin. welcome back to mad money. >> it's a confusing time. we know that we need lockheed martin more than ever. what most of us are trying to figure out, why should congress not be spending a huge amount
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of money and offense even though everything is changed in the last year. and get a sense that lockheed martin should not be getting any more money from the government to do what they have to do. >> the nature and the size of the defense budget. that is for congress and the administration to make. whatever the budget is, we will do the capability for the armed forces to prevent future conflict. including anything that will include the united states itself. >> tell me how it does work. you hired so many veterans. i bet you a lot of them say that i wish we were doing this or that. you are of that. are you offering advice to people because the war that we might have to fight is different than the one that their parents fought. >> it will be vastly different,
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jim. what were trying to do at our company is to be a pathfinder to drive 21st-century digital technology into the armed forces and national defense. to convince any potential adversary that it is not worth taking a measure and attack any kind of effort and arm conflict against the united states, our allies. we have to marshal all of american industry together to work on this. we have to work with nvidia, microsoft, intel and others to bring that digital technology more quickly to the defense enterprise. we want to prevent a future war. >> some adversaries say that they have not the arsenal down to help ukraine. and then further down to help israel. the democracy arsenal is too close to be empty for america to feel safe. >> i do not believe we are in a
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position. one thing i do want to drive into the defense production system is the view of anti- fragility. let's take out the fragility and allow ourselves the room and resources to scale quickly if we need to increase production. that will be a deterrent to a future conflict. if the democracy is strengthened and fragility is taken out. >> you have to stop the f-35s that you are making. would you doing? >> we are capable of doing it with investment among the government, our company and suppliers, it would take a few years to pull that together. we were asked a couple years ago to double the production of some of the systems that have been so effective in ukraine and other arenas in the world. including the patriot missile. we are in the process of moving
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that by about 60%. >> i did not know that. this is a low-tech war that the bad guys do. we have drones, we have terrific technology. the low-tech governments can project power with very inexpensive drones that are more efficient than we thought. so that the state cannot hurt our service people? >> more advanced technologies against these basic kinds of threats. there are approaches like using microwaves, lasers, using electronic warfare to jam and defeat these kinds of small and relatively cheap drones. we want to go ahead and develop our own. they are much more survivable and much more controllable and much more resilient, if you will to counter those kinds of efforts. we want to be on offense and defense and use the newest
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technology to make that happen. >> fantastic. the desire for others to share and hire people that worked and served. you told me multiple times that they do at the job. >> we are voting with our feet on veterans. 20% of our employees are veterans. 24,000 and lockheed martin. we hired 3600 last year. 34 open jobs that we are recruiting for this year. i would encourage any veteran or anyone that knows a veteran to let them know about our company in our sector. we welcome them to come join us. >> what do veterans bring to your company that people who did not serve do not know as much about? >> what you bring, you get a lot of responsibility at a young age. you have to lead, you don't get to command people who might be
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more experienced, older than you. if you learn those skills about responsibility, leadership by example when you're in your 20s, you can take those for your whole career. whether it is lockheed martin or any other company, get a veteran on your team, they will be committed, that's rx variance. >> when you're talking to the software companies, this is what it would do for me if i was commanding people overseas. >> absolutely. it does. many of those companies have veterans themselves as part of their team. we were just with google yesterday. there are six people in the room and three or four of them had veterans military experience. we are out there. we want to work together. intel and chips manufacturers. we all want to work together to drive this national defense
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forward and try and prevent these conflicts from happening. >> help me figure this out. the president of ukraine makes a valid case, he needs more weapons. when you listen to the president of israel, these are important questions. we can help with ukraine and long-range missiles. you are not able to advocate. our missiles can do this. that is not your job. >> absolutely right. we don't get involved in policy. it is not our role to do that. our role is to provide information on what capabilities we have and what we can do with cooperating with allies. we provide that information to government officials. they decided who, what, when, where, and how how those
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products get delivered to overseas countries. >> we just learned that we will send a certain kind of missile. why have we not send that before? we are confused about what we gave ukraine and israel versus what they want. they are secretive about it, we don't know what's gonna be next. >> our government officials that work directly at the leadership level, we have a great rapport with them. all the way through the ranks. information sharing and capability understanding is very important for both sides. with political decisions, deployment decision than what weapons and what weapons you get. >> i needed to understand that myself honestly. when they are not getting the help that we need. you always tell us the straight story. jim, thank you for serving and thank everyone at your company
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for serving. every day should be veterans day. thank you, sir. >> thank you. coming up, a regime change at the fed given stocks room to run. cramer goes off the charts. to get a read on the snp next.
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going up the charts. the cofounder of carly trading in commodity trading in september if you remember. boy, when has that ever happened? the way that all moving averages go. this looks like a regime change. they have collapsed. grinding hi, i like that. now it is back to help you out. the federal reserve's nose and that is the message that we got from the federal market. it's not going to do that. the fed might be done. maybe the cpi next week. the market from the high to low volatility has been in the works for a long time. we are all at the tail end of
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the process. they were able to capitalize. that was the last that i asked. it is a different kind of market. the rallies fall by corrections. how do we get this? the s&p rebounds and about six per week and the moving average. he has closed favorably around 4200. if the tipping line holds that a weekly basis, save the goal. with them making a clear run, that would be pretty gray. the breach of this level followed by another above it keeps the bulls in charge. that could drive down to the internal trend line. you cannot take that stuff off
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the table. when you look at the strength index here. with this momentum there. this is been making its way higher without getting into overboard territory. it would be a lot riskier situation. the range between 3375. with the trending upwards, we are going towards the high end of the range. however, this long-term natural trading range has broken down a few times. we fell below it. the fed took interest rates to zero. it is above this range in late 2020 and 2021. now it is back to normal, if you can call it that. it is part of the natural range. we do not want complacency and
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we do not want craziness. even though we have had a brutal time since the market peak to this summer, when you look at the long-term trend there is a pattern of higher highs and higher lows. that is why i wanted her on so much tonight. now all this comes down to interest rates. when it comes to stock going down and the yield. when you look at the 10 year treasury. when we had gardner on the show, we picked out a 5.3%. that is a little optimistic. plunging until the yield hit 5% in october. let's hear your projection. despite the messy truck going around, tenure remains the same. with 105 the bond market is in
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the current low. it will not be 6% according to her. when it comes to the stabilization medium. with 4.57 yield. when something is wrong about it than it can sink to 104. however, this is an important however. it is most likely behind us. that is why we are trying so hard today. a time when spectators fell massively short. this rally means a decline in yields. and the market begins to go higher for trend change. in fact, when it came to the treasury market the backdrop was similar. it was the hawkish federal
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reserve. the treasury yield will be cut in half in the coming years. it might not be on anyone's radar today, including not mine. the efforts of 2018 did it. i was in a couple years. is this the beginning of a multi-year by mode? prices rehab bound steadily for several months. that alone will give the stock market plenty of room. the tenure has been making lower lows. yes, i hire hi. we often see a trend change. this is the seasonal pattern that will make you very happy. november 20th through the first of december, grape or stocks. typically coming between christmas and new year's. you might've missed this
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because mike wilson says you should miss it. back in bull market mode. the path of least resistance is going to be much more benign with a bond market. let's go with joe. >> thank you for taking my call. mr. cramer, always the first vacation is the biggest thing that i get from you when i watch her show. >> trading apple 17 times. and the deputy says i do. what's up? >> yes. i have never denied that. go ahead. >> with four, giving up a lot to their employees will just hurt them or help them? let's not forget, ford has the number one selling vehicle, the
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f-150. >> that's why i am sticking with this. you know, lockable stocks were hurt. based on everything that we have. it continues to hold ford. i said to ford very clearly this is the last straw and it will break my back if it does not work out. jim in colorado. hey, jim. >> hey, jim. >> i'm thinking about getting invested in a medical device company. i wanted to know your thoughts on them. one of them is meg tronics. because of the hard dividends. >> they could be bottoming. i do think they are better run right now than they usually would. that does surprise me how they have not done a very good job.
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they have been a company for a very long time. when i don't speak my mind, i end up losing my mind. the s&p 500 is back in full mode. it is thanks in part to a bond market. i am getting a read on the consumer as a ceo. i will tell you why it is time to pull the plug on the data. when it comes to tonight's edition of the lightning round. stay with cramer.
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still be there entire sectors take the real estate investment trust. high yields with dividends that should be doing well. they are a lot easier to circle back to covid. the open-air outlet centers. they are overstretched. and are great places to find - rates started exploding higher in august. now it is moving in the right direction again. it was a great quarter last night. this 98% occupancy rate. going up 7.6%. coming back higher than expected. some reasons for the forecast across the board.
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don't take it from me. the president and cvo. welcome back to mad money. >> does it bother you that it does not matter how well you are doing. if interest rates are going higher, people will sell. that is just what happens. >> you will not be tired of being successful when you are in markets like this. >> that make sense. 700 different companies. by name of losing the name factory outlet. not all of them. there are a lot of places that are giving you some incredible merchandise. >> that's right. like we talked about this last time i was on, jim. we have three different uses in our shopping centers. for the customer who wants to shop a little bit differently
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to highlight shopper reviews before. we are positioning our assets and we are planning new markets. we just opened up nashville two weeks ago. nashville looks a lot different than the typical center. >> is nashville revocable? 209,000 square feet of open air shopping center. this is where i want to go to. >> that is exactly what we are looking to do. what's really important about it is that i know that you love and you shop especially in the shopping center in love island. we have a lot of the same brands. we have a lot of new food and beverage. they love it when they get
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there. >> we find that when we go to it we are looking for something to do. there are stores there that the e-commerce website shows for the stores. it seems to be the opposite. you have a place where you have merchandise, you see it out the web and you can go pick it up. >> that's right. that is what the shopping center of the future will bring to the customer. retail is looking for a better way to stay interactive with their customer. we designed all of that into our national shopping center. it is a shopping center for the future. we listen to our customers and listen to our retailers. what are they looking for in this design? it has been executed and the result is right there.
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>> during this whole saga that has been furious and passed we have seen rite aid go under. i would've thought that more stores would've gone under than this. they have been able to withstand this. >> customers love to shop and they love to go out and shop and it is entertainment or something to do. we like to create these environments where they like to come. by adding new retail stores. by constantly showing newness and freshness. we have things to say all the time. we take that method and we refine our shopping centers. we are looking for new concepts, new experience, what
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does the customer want to do and how can we get them to shop here more frequently? >> i would call these pop-up stores. they are short-term. you can cut them out if you have to. >> yeah. we often hear that it is the difference between a short-term lease and permanent lease. one of the things we re constantly thinking about is how to keep them occupied and vibrant. not to just keep the spaces and the lights on. that is a great result. if we can bring in people that are new to the business. and expand their portfolio, they will become more successful. we are thinking about new concepts and growing our business that way. >> are there enough stocks in area like connecticut and new jersey where you can still
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build. we all kind of why what you offer. i don't know if there is enough space. >> if you think about the guideline across america. when you look at all of retail across america. 7 million square feet. only 1%. there is room to grow. they don't have outlet yet. if you look at nashville. 290,000 square-foot model. without let retail, i think there is room for that kind of retail across america. >> congratulations to you of course. the executive chair. him and his father have done a fabulous job. this quarter demonstrates how wonderful you are doing. please, i love having you on
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the show. thank you. anything for having me. >> mad money is back in a bit. next cramer tincture calls and it is a fast fire lightning round. next .
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i called you quite some time ago for dividend deals. tell me what will happen with clorox. >> the bottom is in. the quarter is okay. just a little behind them. they did a very good job. i will own the stock. ryan in arizona. ryan. >> how are you, mr. cramer ? >> i'm doing good, you are the best. i am playing with fire and i need another source of income. my friend stephen says that i should invest in dividend stocks. >> at&t is so long. it is going to die. it yields 6% and that is where you get that. >> brian in california. brian. >> hey, jim, how are you doing today? i would like your opinion on
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this. why, data dog is getting swamped. that is shortsighted. goodbye. let's go to samantha in connecticut. samantha? >> hi. >> hi, samantha, how are you? >> what's the matter? >> here is my question. the other day there was -- that is pushing back billions in liabilities. it is no rework but is this a buy? >> when you keep doing the same thing over and over again, i don't have to tell you what that stands for. that is exactly what j&j is doing. it is rather shocking. i had the ceo come out and say why they have such an ill- advised strategy. i gotta tell you, i have at
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least a little more sense. let's go to max in chicago. max. >> hey, cramer. calling about the premier healthcare read. >> it is not recommended today. going at a 4% yield. you have to be more big to be in that group. that was the lightning round. >> the lightning round is sponsored by charles schwab. coming up, the economy can be one big puzzle. cramer puts the pieces together. do not miss it. trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab.
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i'm tired of playing the parlor game of guessing the fed's next move. things are going the feds way. does not have to be pushed more than it already has. things are going downhill. you don't have to chase it and push more. there is no need for the fed to push with more rate hikes. pushing 77 bucks and 4%. that's terrific. last year, just under seven bucks. people get their heat from natural gas. these are huge wins.
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we know that homes are up 35% from the pre-pandemic benchmark. people simply cannot afford to buy homes that the current interest rate of 3%. not satisfied with the 4% hike year-over-year. the inflationary spend. the vice chair quote we are focused on consolidating the market share of having more homes at an affordable price.". we have a lot of anecdotal information. millions of square feet of apartment space coming up now when the coast is clear. this is been a real problem for the fed.
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garcia, the ceo of carmona. let's see what he has to say. >> no question it is too high. we expected to come down. we look forward to them coming down because it would be great for our customers. the average car that we sold to our customer was a three-year- old that cost $19,000. it is a 5.7-year-old car in a cost $25,000. >> used-car prices have gone down 4% from october of 2022. down 3% in the last month. i am out there saying that. we are seeing a steady decline in the price of food. farm equipment makers along with speed and fertilizer companies. the price of equipment comes down big. a new low on these numbers. related to grand pricing coming down. food inflation beaten. home, rent, food. now let's see.
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next week we will get the consumer price index rating. i will tell you what people said. we need to know ahead of time. all i can say is don't sweat c. see you tomorrow. "last call" starts now. right now on "last call." the rathermarky outlook getting murkier. calling it zuck and run. mark zuckerberg selling millions of meta, and wait until you hear what happened last time he did it. and speaking of meta a new whistle-blower laying out stunning allegations to the senate to lawmakers at today's hearings. join us on what comes next. opec may have different plans in mind. robin hood earnings revealing a surprising state about retail investing, and that is a stock on the move.

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