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tv   Mad Money  CNBC  December 5, 2023 6:00pm-7:00pm EST

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equity market, but i think it's too far too fast so i have shorted the tlt again. >> guy? >> right before our collective eyes, ibm, six-year high. >> interesting. >> wow. >> is that a haiku? >> no. >> proud father. >> thank you for watching my mission is simple. to make you money. work and i promise to help you find it. mad money starts now. >> hello. welcome to mad money. welcome to mad money. my job, not just entertaining but to teach you. call me or tweet me. this keeps making mistakes. it is unnerving how it keeps
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fooling people. the overall hours are flopping and chopping as i said they would do. some of the biggest stocks out there just failed to get the appreciation they deserve. i guess you could say that sometimes the market could be as dumb as a bag of hammers and this is one of those times. i'm going to start with eli lilly and the weight loss drug. i have been patiently waiting for them to start selling this particular drug in the u.s. at the same time, i'm wondering if insurance companies will pay for. we learned that it will be sold in the u.s. effective december 1st. it will be added to the expert scripts and cigna healthcare. insurance is going to pay for zepbound and it is $300 less per month. which one you think he will
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back? this is important news. what happens, stock is down. six points for heaven sake. i said, go buy the darn stock. but the client was insane and then to hundred dollars and that is all she wrote. >> now this has been liked by endless issues involving currency fluctuations versus the strong dollar. ever times it seems like there is an earnings break outcome the strong dollar webs it. so what did the company do today? proctor decided to take matters into its old hands. as the cfo pointed out, "when you think about places like nigeria and places like argentina, it is very difficult for us to create value and difficult to operate because of the macroeconomic environment. so they minimize exposure to
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these countries being obliterated by the strong dollar and risking $450 million in annual sales. so take the charge. we have been hoping it would do just this. what happens? the stock fell 3.5% today. the stock had a 1 billion- dollar currency this year. it has to come down. the same thing happened by the way eight years ago. i looked it up. and venezuela. finally decided to pull out and the stock gets crushed. but when the smoke cleared, it was clear sailing and higher for ages. proctor tells us china remains a problem in the business will get weaker before it gets stronger. what has put the company and why keeps missing the numbers as it is sticking with countries where the currency is constantly being devalued. not just not doing what i want. take's action is terrific but the stock is raw. procter & gamble. and there is apple. this is the biggest.
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the marketing got apple wrong. the stock opened down $2 as part of the market wide decline. even as bank of america said today come that the plans are ahead of expectations. and fox con had the second-best november ever pick up 18% year over year. so about which companies use the cell phones. we know the strongest division cited is the one that makes the iphone. most research has been hyper focused on how many days it takes to get a new cell phone. the longer the wait, the better it must be selling they say. what if apple is simply making enough phones to meet strong demand. what if it is focusing on how the market is doing. apple stock reversed only finishing up nearly $4 like eli lilly. the market was monumentally wrong at the opening and maybe these are not the best ways. what else? for days, we have been worried about the commerce secretary's new crackdown on ai chips. and it must impacting the bottom line.
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stocks have been stumbling. it turns out that there are no real changes or new rules. all of the fighting has been for nothing. >> of course at the same time, we learned jensen one is doing his best to supply intelligent processors to japan despite the shortage of chips. so not only are they relations but a new customer wants all the nvidia chips they can get. what happens? the stock opens down. eventually, wall street got its act together. but the subset a lot of people. that is why i like apple. i say to own and don't trade it. >> last week, the house restored dividends. many were worried that the company did not have the balance sheet to cover the dividend and pay for the rest. in reality, spewing cash. we keep hearing stories about how bad the box office numbers are. they could easily pay the dividend and the rest. another disney board of directors is not open to
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admitting but i know that this can be good for shareholders and it was they will bring this party pick the stock is waiver performing. shareholders have lost a huge amount of money. and they have an awful lot of skin in the game. today, it is a shareholder came out in favor and said, his note to fellow shareholders "activism who has made billions of dollars over many decades for himself, his partners and fellow shareholders in the companies in which he has invested. sister pulse would make a fantastic addition to the disney board. i couldn't agree more. when you have a shareholder like this, you have someone in the board room with a lot of money on the line. it is not like the company has done a great job on its own. stocks are being cut in half in a couple of years time. maybe it s time to hold somebody accountable for these losses. i have not heard anyone willing to say anything about how poorly the stocks are doing.
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i have to agree that this can be a change issue. right now the board seems downright unfocused. i say that knowing the new board member from morgan stanley. skin in the game. who else does? i don't agree with this downward trajectory of disney stock. it should have been higher and not lower. give me a break. on any given day, we are getting these imperfections, these stakes. these juvenile uninformed and ill advised moves. there are not many people paying attention. these are huge companies. for me, it says there are plenty of shareholders who don't even know what they own or even what matters in the direction of the stock. here's the bottom line. as long as their mistakes, their opportunities. each of these cases, the opportunities seem obvious. i think it is a matter of time for the others correctly to get
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more fearless and investors a terrific chance to build great positions in these amazing american companies. let's go to tre in texas. >> jim, i want to chase bank today to inquire about opening a joint checking account. they asked to i wanted to open account with and i said any of their find network clients would do. i was shown the door and not successful in opening the account but i can see where the retail banking is growing at the rate it is and i wanted to see if you thought this was a catalyst with jpmorgan here. >> after think jpmorgan stock had a big move. it yields 2.6% and not expensive for nine times earnings. i'm used to 12 times earnings. i agree with you. let's go to ryan and illinois. ryan. >> hello jim. i'm thinking about netflix, borrowing a chapter from the disney playbook. contest marketing merchandising and new releases to a new level by acquiring six flags. six flags, 2017
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semen waterpark and the two billion-dollar market cap. what you think? >> i think they are in different businesses actually. they are not really in the experiential entertainment business. really in the film business and i think the fact that they are focused, actually makes me like them more and not less. i say, it is good. let's go to henrique in texas. >> how are you doing, mr. cramer? >> i'm fine. how are you? >> thank you for taking my call. and for all you do. happy holidays. >> i know there is a small rally right now. but it has been sitting in the horizontal pattern for the last year between 8-$13. can it finally break out of this pattern? >> i will tell you what i
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think the problem is. a majority of the shareholders are either in the crypto or in options. and they need a more steady group of customers. that is what would make me interested in the stock. plus, they have to start making some money. you have to make money to be recommended on the show. it is mad money. on mad money tonight, sometimes they stop me on the stock questions. my viewers are so smart. any to give you might take to see if this particular stock can hold water. >> they be things are more cyclical then we thought and more bullish. i will go off the charts. bring some bling to your portfolio this holiday season after buying back millions or the shares, i am checking in with the ceo. so stay with cramer!
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every so often when i get asked about a stock i haven't been following, i promised to put it to the side and do more homework. sometimes that is because i'm totally unfamiliar. there are a lot of stocks out there these days. sometimes i'm not paying attention. november 20th, it was the second reason. my home state in pennsylvania. leslie's, a pool supply company. the stock has been down and they wanted to know why that was. when i looked it up, i was shocked to see leslie's, which became public at 17 and peaked at 32 plunged all the way down too dollars and change. so i said i would circle back. this peaked might interest three years ago when it peaked. we have one publicly traded
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stock. this has been a huge success story. something you have been able to participate in if you are a regular viewer because they have a long history of coming on the show. it was trading in the low 30s and now 350's. so although a third pool company, hayward holdings, became public in march of 2021. so no longer scarcely valued. both leslie's and hayward have mostly been duds. even though there was a nasty crash in 2022. the staff stock went bonkers for a period of 2020-2021. looking at this true pool stocks the past few years, hayward has had a decent come back after bottoming out late last year while leslie's kept sliding lower and lower and setting a new all time low last month. so why is it doing so poorly? it would be one thing if
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everybody was getting crushed by the end of hamas great outdoor thesis and skyrocketing outdoor rates. this is plummeted. notice left out. frankly it seems like a worse operator than competitors. not a great operator. a huge chunk of stock losses came in july when there was a quarter down and the cfo stepping down. and then medially jumping ship in response. and we said that especially with bad numbers. last week's most important order last tuesday wasn't much better. the company posted smaller than expected sales decline. there was also another earnings miss and management offered weak guidance for both the current, quarter and new fiscal year. that caused even more analysts to give up because the forecast was effectively saying the business is a long way away
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from bottoming. quickly downgrading to neutral cutting the price target and half from $10, too dollars. here is the best thing we can say about leslie's. if you are doing more than 10% last wednesday in response to the court and another 5% last thursday, the stocks rebounded slow. 5% gain friday and nearly 10% gain yesterday. sometimes after a batch of bad news, there is a positive side. anyone that will sell has already sold. but that alone is not a good enough reason to buy the stock. with leslie's, the bars even higher. we need a valued reason for the tried-and-true favorite. of course there is really no comparison. the two companies have different business models. low seizes on the direct consumer, sales and more of a wholesale distributor. and with professional contractors and other
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retailers. i prefer the direct consumer sales which makes the company feel more like discretionary spending play. one of the problems were leslie's this year has been bad traffic numbers or stores and that problem is not getting resolved. how about the financials. here's what you need to know. after leslie's saw earnings-per- share plummet from the 2020 fiscal year to the 2023 fiscal year, the company got flat from the 2024 fiscal year. the flat numbers are pretty bad. you just need the midpoint of the forecast. the company is only on track to take a 23% earnings to for 2023 and analysts expect 7% next year. that is a much better earnings trajectory. almost like it is only raining on last week's side of the street and sunny skies at the pool court. here's the ratio. and something you need to play and pay close attention to. the balance sheet.
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a better bounty with them .25 billion in debt versus a $13, $13.68 billion market cap capitalization. on the leverage ratio of 1.5. leslie's has nine and $2 million net debt versus a $1.05 billion market cap. leverage ratio comes at a 5.8 which is insanely high. why? because leslie's was a private portfolio company. i always say that you have to be careful of those. they love to load of the companies with access debt or pointing them off on a credulous public especially when there is a booming (indiscernible) which is what happened with leslie's. here's the bottom line. i can't get behind this even down here. so one of the stocks obliterated. same as pool. but leslie's has a horror movie of a balance sheet. i would rather watch the entire saw franchise. go with best-of-breed. go with pool court and get your money back. after the break. . >> coming up, trouble with the
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curve? cramer goes off the charts for the truth. next.
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we have been warning endlessly about the yield curve. the difference between the short-term and the 10 year is an inverted yield curve. were short rates are above long rates and we were destined for a nasty position. and you missed out on what turned out to be a pretty good bull market. this whole time, i told you not to take the yield curve too seriously because the simple truth is we don't get a recession every time there is a yield curve and even if we do get one, the time doesn't necessarily lineup pick you could say it was pretty good 12 of the last six recessions. the bears like to ground meaning stocks are ready to tumble. and sometimes that is true. other times like 1989 and 1988 and 2006 only saw the runway bull markets. you would have had to wait a
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year or two for the slow down to hit in those cases. what if we are looking all of this very wrong? we are looking at a legendary technician who has written over a dozen books and made a ton of proprietor pool -- indicators. the recent track record is phenomenal. he said november would be an amazing time. how about that. many times larry has called big moves and got this one. this might be the best one he ever head to break. november was incredible. the yield curve has been saying something very different from when the bears were here. so the curve has been screaming. with the bears miss is the cycle. a cycle that is an excellent job. nobody knows the cycles likelier. and the yield curve has an approximate cycle of four years. take a look. you have the yield curve in black. with the four years cycle plotted in green. this goes back more than 20
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years. you can see the lighting up for the top and the bottom. what happens when you slap larry's yield curve cycle on top of the dow jones industrial average? check it out. the dow is in red, okay. the cycle is in green. you can see how the lows in this four years cycle are just excellent times to buy stock. and as long as the yield curve cycle is trending up, the rally. what does that mean for the present moment? check out the action going back through 2014. same pattern. lows in the yield curve cycle revisit times to hold stocks and not sell them. it has been that way the last 25 years. if we zoom in further looking at 2021 through today with the yield curve cycle projected out into 2026, what does it tell us? the yield curve cycle seems to work pretty darn well as a predictor of where the stock market is headed. it is good news that the yield curve is heading up. as william sees it, rigorous analysis of the yield curve
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turns the conventional wisdom on its head and right now it is hemp commenced at stocks very much remain in a bullish mode. how about individual names. right here, williams likes tesla, apple and disney come all because of the forecast. uses the same kind of analysis they gave the four year yield curve cycle. this is suggested that it will keep rallying into february. >> you can see here that prices follow the general psychopath in red and the path suggests the tocks are ready to roar through late february. and then there is apple. the stock prices in black with larry's apple cycle forecast in red. as he sees it, this might be a's case of the dow jones average leading the tech steps as the dow goes to a new high for the year. so there is betting the number one stock in the portfolio. expects a dip followed by a
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holding pattern in the just before christmas, apple should start a major move higher with some real to us like we see in the chart. you know my view. own it and don't treat it. finally, i asked larry if disney could make a meaningful turn around. he sent me this chart. over year ago, this is what the forecast predicted for disney. the blue line is the period where it was anticipating a rally and then the declines. ultimately, the stock would bottom in november and that is pretty much exactly what happened. so what do you see for disney now? take a look. it seems like times have changed. because the forecast for disney now points higher. at least through next spring. even though the stock begins to rebound, he thinks the long- term trend has trended back up. it is expected for disney to dip in late december and a spectacular buying opportunity by late march followed by another powerful leg higher for the stock. the analysis in israel. it makes sense to me that bob iger had time to right the
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ship. and like the brought on by the shareholder who wants a seat at the table which is why, despite the losses we have, here's the bottom line. the charts suggest the bears have been doing yield curve analysis all wrong. you look at the data and the yield curve has a cycle. one that is correlating strong with the stock market. and right now stocks are going higher and not lower. that is one reason he is confident about tesla, apple and disney. i would not bet against him in the market. was take some calls. was go to jake in maryland. >> this is jake from clarksville, maryland. i wanted to know if i should increase my stake in fica. >> i like that very much. >> how about steve. >> thank you for taking my call. >> what is going on.
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>> a quick shout out to my parents that have been married for 73 years, robert and ruth and the newest addition to our family, ava, from my nephew and his beautiful wife susanna. >> tremendous. >> i have a question on jenna rack at 19% in the last month. you think there is still room to run? >> it has turned out to be a play on interest rates. it takes financing equipment. i think that the rates are still going to go lower and therefore i think that it is still a buy. it is a finance play. so i think that generac is a buy. >> if you look at the data, the yield curves correlated pretty strong with the stock market. right now saying everything could go higher. there is much more. it seems like everyone and their mother is getting married these days. so how are the engagement milestones impacting a company
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like cigna jewelers. a morning more with the ceo. there is a strategy at finding the right one. i will give you my take. all of your calls rapid fire. stay with cramer.
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most companies got over covid. so much sales are driven by engagement rings. it takes couples through dating to decide to get married. say take signet jewels. seeing sales, this year thanks to a major break on dating during the pendant. still having an impact. stay tuned. when signet reported this morning, they posted a healthy top and bottom line and more important, management indicated they are seeing signs that the engagement recovery has begun. that is why stock/sword. hitting a 52 week high. so could this be the start of a major multi your move? let's find out with the ceo of
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signet. welcome to that money. >> you, jim. >> i'm so excited. what you are saying is that a headwind could be switching to a tailwind for your most important business. >> exactly. bridal jewelry and engagement rings represent about 50% of the sales. this year, we predicted it would be a trough. engagements of 25% versus a typical year. but the trough has happened and we are seeing signs that engagements are coming back so that is good news for us. >> i have to tell you that one thing is for certain. there would be another time before you get to this company that it would have been crushed during this period. you have been managing to lean into a lot of different trends. you can barely tell it has been hit and i think it is ready to soar. >> thank you. we have grown the fashion business quite considerably. we have seen engagements as a point of market entry into the category. from that, we springboard into birthdays, anniversaries, bridal gifts and things like
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that. we now have a loyalty program that is 4 million people strong. we have been targeting the last few months, 14 million people who are in dating relationships. and we can tell, are they at the beginning of the relationship or getting near the end or are they close to engagement? and if they are, of course they are there to help them. >> how about the point of entry that is your website where you have tremendous designers making it so people want to go to your stores via the website. >> that is right. we know about 70% of people start the shopping journey for jewelry online. our websites are unrivaled in our ability to help people search and browse and the ability to educate. we also have custom opportunities on our websites. recently, i heard a heartwarming story of a man who had been deployed. he wanted to design an engagement ring and he did it right there on the case site using our custom capability. >> i know you have great scientists but you have great data. one of the things the data tells you is that at the beginning, whenever he has this
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black friday thing, that is part of your sales and it tends to be lower end. but you are heading into your best three weeks right now. >> that is exactly right. black friday of course matters. it is a big traffic driving holiday. usually, it ends the shopping season for women who are buying mostly lower-priced jewelry for gifts or for themselves. this year, they came out strong. so we saw the price points under $1000. it did very well for us across kay, zales. we saw higher price points on jared. that is the beginning of the engagement recovery coming back. we would expect to see both higher-priced fashion jewelry as well as engagement rings during the month of december. >> you also broaden the appeal. younger gen z consumers. tell me about that. >> it is interesting. we have done surveys among younger consumers, especially pre-engagement consumers for years. we just got back the latest survey results. it turns out 80% of gen z and
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millennial customers who aren't married want to get engaged and in fact, that is up from a survey that we did five years ago. so engagement is alive and well. it is also shifting a bit. this is the first year that multicultural engagements will actually be bigger than white non-hispanic engagements. and that is interesting too. that lends itself to trends like yellow gold jewelry. of course we have bilingual sales associates and signage in our stores. so i think we are well prepared for that new phenomenon as well. >> i can't have you on without talking about where the company was when you came in. frankly, i thought the company -- i told you at lunch, why are you taking this job? this thing is just done. the turnaround has been pretty much on your timeframe. and it started with the culture, didn't it? >> i think it really did. we had a culture that was pretty top down. people didn't feel comfortable innovating at all levels of the
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organization. we changed all of that. we have been a great place to work, company, for the last five years. and i credit it to being a purpose led company. at signet jewelers, we get up every morning thinking, how can we inspire love in the world? that is what jewelry does and i think especially at a time like this and our world, inspiring love is more important than ever. >> understand there are more important -- their people on vacation that do business because they like working with you and they are selling well. >> that is true. in part, that is because of the digital tools that we have given the sales team now. we have over 5000 sales associates that have a digital storefront. so they are actually marketing and selling right off of their own social media. it is fantastic, what we can do now with digital tools. >> there are a couple of other things that i am trying to get a handle on that had to do with covid. so you had this period where people were shot and so they were not meeting people. how do we really know that that is going to be necessarily good
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so to speak? are people still dating like they use to? give me some numbers. what is your data show? >> we have identified 45 milestones that couples can go through between the moment -- >> 45? >> 45 trackable milestones. so not every couple does every single one. but these are typical. for example, going on a trip together or moving in together would be late stage milestones. in the past quarter, we have seen those two milestones surge in terms of how many people are crossing over into that period of time where they are ready to get engaged. >> how do you have that data? >> we developed it through surveys that we did with customers and through working with partners like google. that is another good example. google searches for engagement rings are up 10% over the most recent period. it is the first time in two years that they have been up versus the previous year.
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we have worked a lot with our partners like meta and google, et cetera. we have the on proprietary data. we know a lot about dating couples and we feel confident that our predictions are right and the engagement trough has happened and we have a three year tailwind. >> a three year tailwind with an incredibly well-run company that has done so many things right since you came on board. i cannot say enough about your term. it is remarkable. it starts at the top. i understand that it goes with the organizations. we have the ceo of signet jewelers, one of my absolute favorites. and we are back after the break. thank you. >> coming up, pop open those umbrellas and see up your toughest questions. cramer takes on all comers in the lightning round next.
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it is time for the lightning round. the lightning round is over. are you ready? let's start with texas. oswaldo. >> how are you doing? >> i'm doing well. how about you, partner? >> i have a question. what you think about one hauser. >> i like the stock long term. i think it is doing a lot of good things and making a lot of good money. i think housing is strong. let's go to maxon in puerto rico. >> happy holidays, jim. >> same to you. thank you. >> i have been listening and doing your program since 2006. >> holy cow. >> always a pleasure to hear you. i was wondering, what do you
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think about dpwo. >> i watched the trailer for grand theft auto. a lot of people expected that this season would be rushed. it is not. you own the stock. i would buy it. let's go to walter in virginia. walter. >> hello jim. >> i wanted to give you an opportunity to correct him a statement you made last time we chatted. i asked you if you believed a product in until could greatly increase your blood flow and give you all the benefits of a bottle of red wine. and he said i don't believe it exists. and it does. all the athletes at the nfl combine ticket and it was called vinia. just wanted to give you a chance to look at it. i know you are an honorable man and i think much of you. >> i would like to talk about
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nse. and for me, where you see the great companies in this industry and going with gas as a commodity. >> i think this is all about a great vision over multiple year period. right now reminds me of at the beginning. i think you buy and you stay on them. >> was go to chatham wisconsin. chad. >> jim, longtime listener. student of jim cramer here. >> thank you. >> you're welcome. >> as the market indexes getting high again, i was starting to think for the jim cramer class, what stocks are lower right now and will be more in tune with the interest rates that are starting to come down? i got to thinking, the stock in the utilities sector. the interest starts going down and
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those are normally interest- rate sensitive when the interest is going down. with the stock, 120 billion cap at 3.2 dividend yield around 15, 16 ratio, i want your opinion on what you think about nee. >> next year. >> it is good. we did a lot of drill downs last week on this group. we like america electric power. that is more our cup of tea. not so much the sun. let's go to richard in california. >> this is some game changing news. partnership with the biggest retailer in the world, walmart. adding breast cancer detection imaging centers and walmart. the first to open in two days. this company developed ai and was fda approved to detect breast cancer two years earlier than anyone else and being more accurate. with walmart and walgreens
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community healthcare centers, this has to be the best investment i found after 40 years of being in the market. this is the beginning of it. >> we had doctor berger on and i thought it was a super story. and i think that i will stick behind it. i also felt that ge healthcare was a buy. people don't agree with me on the and i think they will be wrong. let's go to hunter and florida. hunter. >> how are you doing, sir? >> i'm doing well. how about you? >> very well, thank you. i had a question about the loss on a 12 month forecast. >> just hold on to. it had a big spike. the best in the group and a good yield. >> let's go to jeff in new york. jeff. >> hello mr. cramer. this is jeff from new york. >> sandwiched between the cold finger lakes and the snowy plateau, it feels like christmas around here.
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>> that is why i have google map service here. i love this guy. what is going on. >> with retail doing better this holiday season, and wondering if the retailer was already up 20% in a month. >> what you think? >> too dicey. i would preferred deckers to crocs. i feel that they will have a better holiday season. let's go to john in new jersey. john. >> how are you doing this evening? >> great. >> after disappointing last quarter and stocks hanging in the low 50s, when these it time to invest again? >> i have to do best-of-breed. that is why i like palo alto. >> good things to say. but palo alto is best-of-breed. next is crowd strike. let's go to tyler in california. >> from california, how are you doing, jim? >> good to have you on the show, tyler. what is going on? >> doing technical analysis, i see and inverted head and
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shoulders. what do you think they had a tussle with apple. i'm in a guy. what can i say. i think that is all you need to know. >> that is the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. . coming up, freedom from fossil fuels is an annual goal. cramer explains when we return. r trader m ds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. you know when you have those moments? that time to reflect. to be like wow!
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>> in the end never forget, business is about making money and not changing the world. in talking about the mistake some investors made thinking by buying shares with energy companies that could freeze fossil fuels and save the environment or turn a profit in the process. i understand that desire. the vast majority of us believe we need to cut back and fossil fuels. the fact is, you owe stocks to make money not to save the planet. if you want to make an impact, take great stocks and when they go up, take the prophets. then donate to a good cause. that's one perspective. if that the plan, you need to buy stocks with a good prospect. not stocks that are hopeless. here's a company that makes hydrogen fuel systems. it could be very important in the years in the future.
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there's the company's prospects. thinking of the history's business. when technology and plug power takes off, the last quarter the company had a concern warning saying it was running out of cash. if there's one thing you don't want as an investor is to own shares in a company that's not viable. it's better to own wendy which makes hydrogen and is a gas distribution business. these have been heading down for ages. $56.02 years ago and now it's at $4. who was helped by either investment? one electrical company will make it, revia. you shouldn't overthink things. if you want electric cars, please, just go by a tesla. it's got the best charge point.
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how about the lithium battery? it's skyhigh that elon musk said they were producing enough. now they seem to be wallowing in missy them. apple meyer which makes the best stuff was at $134 and now it's $113. solar is supposed to be the way of the future but will what people bought with interface energy, what they didn't know is that the solar system is so expensive that the vast majority of people need financing. they need to borrow money to buy them. they hurt the businesses and a well-meaning investment turned into a nightmare. solar x was at 322. i could go on and on about the history.
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the main issue, this is not a serious way to advance. wall street is only the place where we care about earnings- per-share and not environmental impact per share. you won't stocks to make money which could be used for any cause of your choice. owning a stock because you like what it stands for seems like a good idea but as history shows it's a dangerous way to invest. trying to find it right here for you on mad money. i'm jim cramer. see you tomorrow. last call starts now. >> and tonight for brian sullivan right now on last call, hitting the brakes on the biden administration's ev push. congress prepares a big load coming up tomorrow. a lawmaker leading the charge who will join us right here. it's the cyber truck review. generating so much buzz even elon musk is sounding off on it. >> boom goes but coin prices yet again this hour.

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