tv Mad Money CNBC January 29, 2024 6:00pm-7:00pm EST
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i-connections global alts conference. a huge guest lineup tomorrow. the original traders behind the big short, they will be back together, they'll be joining us here live. we'll get their best trades going into this year right now. you won't want to miss that. meantime, don't go anywhere. "mad money" with jim cramer my mission is simple -- to make you money. i am here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. mad money starts now. hey, i am kramer. welcome to mad money. welcome to cramerica. i am just trying to make a little money. my job is not just to entertain, but to educate, to teach. so called me at 1-800-743-cnbc or tweet me at @jimcramer. we got to stop fretting about how so much of our gains are cut straight in text stocks,
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and start thinking about why that is the case and how it may not be nearly as worrisome as you might think. especially after a date when the dow gained 224 points of -- tech laden asked i jumped 1.1 2%. it was wildly positive session. it threatens to make the month of january a darn good one. that is right, i say that the mortgage concentration and fixation on tech is a lot less nefarious than you might believe. that is one of the reasons why we don't have the -- from my childhood trust be apple, amazon, help it, microsoft, meta platforms, and of course nvidia, which by the way, is roaring after hours because of a fantastic set of numbers from super micro, which, if you stay tuned, you will hear from later. it will be a treat, but only if you are bullish. i am also not panicked by the markets supposed lack of breath because if i had sold out on this fear, i would have missed days like today, a date where -- fell dramatically after the government doesn't need to borrow as much money as we thought. that is terrific news, people. in a market where money
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managers are very worried about a potential tsunami of govent bonds wiping them out. more importantly, i don't worry about the concentration of winners from tech, because [inaudible] make sense, and it does so in a really bullish way. see, rather than hearing the narrow breath, you need to know why. it is the client, stupid! that's right, you need to start thinking about what a company makes and who it makes it for. when we are dealing with tech, their products are largely made for what we call the enterprise, for businesses, not individuals. the enterprise has a lot of money to spent. but if your clients are hostage to the consumer, you are struggling to make the numbers -- , it's not about tech versus non tech, it is about the enterprise versus consumer, and i like that that caught on the. i want to start with a [inaudible] magnificent seven. the suddenly. group for the winners in the market because tesla owner qualifies. we have always thought of tesla's technology, and wheels. a robot core. that is well elon musk told us to think that way. he [inaudible] people call it a vehicle, which is a consumer product. that was fine as long as the
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demand held up, now the demand is heading down and is no longer technology on, we'll see it is a company that sells cars. these cars are bought by stretched consumers who don't have enough money to afford them, especially since financing charges are so high. let's cut back that miserable tesla conversation last week, where musk wouldn't admit that there are actually demand problems, and it reminded me that when you are selling to the enterprise, you don't have to go on and on and on about affordability. to price your product, it is usually take it or leave it, and if the product is any good, they take it, especially if you know how to sell. not so to breed the consumer. tex had a double by me this quarter. and by space went off the rails, after [inaudible] decided to shed 20,000, a third of the ones that it already delivered. [inaudible] to close to repair, plenty of repairs given, people didn't really know how to drive them. i know tesla stack rally today, yay, that makes sense. it is an accolade stop, a false idol worship by gross managers who can't seem to resist but don't really understand anything that i am talking about. as i see it, someone who wants a test that would be willing to buy used one from the dealers,
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helping hurts, unload their assets. but right now, these are busted at the enterprise level and they need price cuts to sell more and they are not getting them. they are not cutting prices like i think they should. the premier tesla clients are those up tomorrow's stated string of readings. let's go through them. microsoft sells the enterprise, and i expect him to have a terrific quarter. companies by their stuff. companies use their a.i.. individuals are small potatoes for microsoft. amd? and your price. let's make a empty stock rallied so powerful are so against ships that rival and videos for use and artificial intelligence. what -- a consumer group, but they don't sell to the consumer, they sell to the pc makers like hp or dell. you might think that apple which consumer and you would be condemn -- wrong. the client is the advertiser, and advertiser seagull as one of the few places where they can't reach shoppers without paying through the nose to do so. but starbucks? for the moment, that is the consumer. because consumers strapped in china, and because many americans and mexicans -- sorry, some americans in many cities, have been scared away
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from oscar but by these pro palestinian protesters, who don't seem to realize that starbucks has not real connection to israel. if the numbers are weak, though, animals will say true or not, the consumer can afford a five dollar coffee and is treating down and away from pricing coffee, which is what we have been telling members of the club, please wait till we see the weights of their eyes, and that will make a decision on whether to buy more, because it is such a great brand. or take their state, where you've got amazon, better, and apple. you may think that amazon is all about the consumer, but that is just not the case. amazon is also about the advertisers, and the many businesses that use amazon web services. that is right, it is part consumer, but part big enterprise. amazon web services helps enterprises that want to be in the cloud. almost every use of cloud, except for backup for your photos. cooper's use of cloud all the time. to better serve you. meta platforms, again, you are probably thinking, hey, wait a second, you are the client. and that is true if you are buying a vr headset, but it is not sure if you are using instagram or facebook. and that case, you are the product. the clients are advertisers trying to reach an assault on a truce of white. that is exactly how i would
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like to reach people because it is so targeted to almost guarantee a good return. but apple? consumer. it is very little enterprise exposure, which means it can be political to the same weakness as tesla. that is why people are so fearful of a huge guy count -- guide down [inaudible] for the next quarter, not this one, when apple reports. i am worried that the bears will get a hold of the police interested her heck out of, it talking about wechat stress cash-strapped ideas consumer's buying a new phone. oh -- i say own apple, don't trade it yet, go through this barrage every quarter. now let's circle back to what i said at the top. yes, you can argue that this market is way too narrow. i come right back at you and say, it is only as narrow as the customer. right now, businesses are shockingly flushed having read for announced when rates were low, and many are racking up record profits. they are burden minced student loans, expensive rentals. coverage don't go to the student market, they don't pay auto or home insurance, and it will do the hospital. they are, yes indeed, flush. while the consumer is indeed cash-strapped. if you are a business, who do
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you want to sell? if you are an investor, what company shares do you want to buy? bottom line, it is not about tech versus everything else, stop that, get that out of your head. we have a market made up of companies that sell the enterprise, and those trucks are doing fabulously. then we have even more companies who served the consumer, which is a much less attractive customer base, right now. and their stocks, they have already tough don't. lucas wrote i'll, lucas. >> thank you for taking my call all. really scatter brained, i'm 32 years old so i like to think i am low on time. >> you are. >> [laughter] at this moment, i know it is a little expensive compared to [inaudible] not the current ones. >> i know, and doesn't quantum computing, but it is losing a lot of money. here is my, take if you want to look at future trends, you have to look at current trends. and current trends are for companies like, yes, nvidia.
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they will figure it out. jim in california, jim? >> mr. cramer, thank you for taking my call. [inaudible] golf stocks, a swing and a miss for me as of late. top golf, kelly, m o d g. the stack down 30% in the last six months, i am beginning to where this is a covid double bogey, and the new club that people bought during the pandemic are just collecting dust in the garage. what are your thoughts? >> you know, i am not a good call on this one, because i think it should be a good stop. and you can say, well, less and jim, don't make your judgment now, take a long term view. but i thought it would have moved by now. all that said, i am sticking by it. but again, there are other people who are obviously more rate than i am who wouldn't suggest that it is not a good by. how about we go to lamont in tennessee, lamont? >> jam! hey, i need you in nashville. fried chicken week, this is my second invitation to you. >> i hear you, and might weigh will probably go before i am because i am tethered to the desk. can you get rid of that --
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go ahead, go ahead. >> all right, hey, i am diversified in my investments, a couple hundred thousand and some indexes, but i have 48,000 of mad money that i put into more caught a libra, with a seven year play -- what do you think about that? >> i think it is an amazing copy. first of, all i am going to go to. nashville your invitation, i don't know exactly where i will hang out, but i will tell you this. mercado libre, i was a visually -- originally a -- do you know, i have never -- i had so much stock, can't own stocks -- but i have never wavered in my belief that the mccarthy row is more of an amazon than it is an ebay of latin america, and it is a must own. the market is not about tech versus everything else. it is about the enterprise, which is doing fabulously versus the consumer. which is as. super micro computer is proving to be super investment. it is up nearly 75% last month,
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and this thing is flying out after the close. i will get to the latest on the story from the company's top branch, [inaudible] , supporting grains. the viewers move. i will plant some seeds for home gamers. and this fourth [inaudible] big stream-y deals from netflix to at apple with netflix -- with nascar in the changing landscape with nascar president steve phelps. what a story. so, stay. -- stay with cramer. ive us a call at 1-800-743-cnbc. miss something? head to mad money dot cnbc.com.
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there are hot stocks, and then there are super micro computer. yay t hardware company makes advanced service, stored solutions, and other tech components, all of which are incredibly top demand in the age of artificial intelligence. super microscopic worth 246% last year, even better than nvidia. it is already up 74% since the beginning of 2024. much of these gains came in the past four weeks in the half, and super micro pre-announced much, much better than expected sales, and earnings, on january 18th. imagine if previously guy from 2.8 billion sales for the quarter them they said it will be north of 3.6 billion. tonight, we got super mike crows, the result is amazing. they came very strong guidance for the next quarter. they raised their four-year forecast substantially, just one good thing after another with this one. which is why the stock moved a big after hours training. taking, by the way, the whole
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a.i. complex with it. don't take it from me. earlier today i got to dig deeper with charles sly and, the founder, chairman, president, and ceo of super micro computer's. take a look. mr. li yang, it is marvelous to have you on math money, and congratulations on all your success! >> thank you, jim. happy for the opportunity. >> terrific. i know super micro one, so to speak, the one that was motherboards, and then i followed to where you are doing more advanced systems, but we are now on super micro three, which i think people should recognize, is at the heart of the a.i. revolution. . >> yes, we start 100 more human now, 30 years ago, and then computer systems that reach in, and now we owe for complete rack progress solution.
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all of -- it is to buy better solution, easier solution to our customer. so, customer can better their data center and have their equivalent ready to 09 much quicker than before ever. >> it is very clear to me when i go to your excellent website that your customers, whether it be intel, a and b, or nvidia, really cannot do the things that they would like to do as fast or as well or as heat efficient, if it weren't for supermicro. >> [laughter] , same for our -- solution. since i founded supermicro date one 1993, we built our product based on -- solution, and a -- solution after 30 years of refining, improvement. now, we are able to build a product, come to market much quicker than others. and with better quality, better
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feature, and better inventory dive ridge. that is why we are able to build a product, especially new technology. more efficient than others. >> while, let's take an example. i remember where jensen huang, a very old and different of yours, introduced grace hopper. basically, a supercomputer that needed super micro to be a supercomputer. i thought it would be something that would be introduced in 2025, maybe mid 2024. how many days did it take for you to have a working model that used grace hop? >> because we work with partners very closely in -- media, we work with them day and night, so when they have new technology ready, we have a solution ready. so, not just a solution ready, but better, greener, and total solution for customer right away. so, we have been enjoy working with the partner and --
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media, and other partner as well. and also, we work with customers very closely. so, we study what customers need in an event. when new technology is ready, we call customer, hey, your solution is ready here. that is why -- i mean, we keep very close relationship with all our partners, including customer, and our customer like our solution. so, it is kind of a really happy p. >> well, i think also what we should talk about the fact that some people say, wait a second, that sounds like an expensive solution. but when you consider power consumption, when you consider the total cost of ownership, even though you are pretty much not quite boxed, you are special, it does seem that there is a value proposition to using super micro versus the off the shelf stuff. >> yes, thank you. because again, -- solution, we are able to build a solution, a platform, exactly
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optimized for customers or close. optimized for their data center environment. that is why some customer believe we overachieve a solution than others. and yes, it is lower cost because it's more optimal for veil or for the obligation. at the same time, because of when completing, we have customer no work their tco, know where their energy cost. and also, help them help everyone to lower [inaudible] people okay about how to preserve our planet now. so, we very happy we are able to work with partners to lower their cost and together to lower the carbon footprint. >> yes, i know jensen, over and over, has expressed that to me, that the planet is our most important client, so to speak. now, and one of the fine videos i watch you, you talk about how this a.i. revolution, you compared it favorably to the industrial revolution.
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now, that is a very, very big bar. are that comfortable after seeing how it is going, that it will be bigger than the industrial revolution? >> very good question. yes, a question i believe so. in the theory, revolution happened 200 years ago. they have been changing people 's lifestyle, changing the industry. over something better, more communion, more [inaudible] these a.i. generation, a.i. revolution, i believe we are create even bigger impacts on the industry revolution, because a i revolution not just impact. so many machine does video bowl. for example, autonomous driving for example chatgpt. industry on a mission -- automation. efficiency optimization, accuracy, more productive. but also, [inaudible] something invisible. for example, help us improve education system.
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make kids easier to learn. and for example, improve medical system, make our -- become more -- diagnose our problem in demands. so, before people got a -- , now they are really no -- get sick. feel they better a few months later. they can check extra to prevent their deaths. so whole or loss, i believe a tight revolution will be -- impact big help to mankind. >> well, that matters because obviously, there has been a lot of equipment that has been bought through you, so if there is that strong a demand than, i will not or about supply. i want to thank you so much, charles liang, for coming on mad money, and i hope you will come back and it is an honor to meet you. >> thank you very much. thank you for the opportunity for me to share supermicro solution and our belief to the world and provide a better
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court personal consumption expenditures price inch dx, that is a mouthful, inflation is very much moving in the right direction of just 2.9% last month. a lot of that is thanks to lower commodity prices, but when you are dealing with commodities, you need to expect some kind of turbulence, don't you? any kind of uptick in commodity prices makes it hard for the fed to cut interest rates. for me, it is something we have to worry about for stocks, not just the grains. that is what tonight we are going off the charts with carly carney, she is the billionaire technician whimsical fighter up to hurly treating, author of -- trading, and our resident commodities expert, who has done so well. remember, this year she put her -- runched nailed both top and well, and was increased both in -- our bottom two. she we could be looking at a serious and very surprising uptick in the grain complex, because greens are simply too haters. my imaginings have been shortening then like crazy, bag like shooting fish and a barrel, huge drop in price. of course, there is a recent
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greens are hated. in 2023, the crop your harvest flow has never materialized. instead, green prices have continued to double lower throughout the winter, and more typical year, we would be looking at a rally during this period. yet, as we head into february, the greens are only moderately off recent lows. there is a lot going against the grain complex. technology has made farmers more efficient, new production came online after the grain shortage that resulted from russia's initial invasion of ukraine, that was a shocker, and demand from china has softened something we didn't think would happen. but harder this week could be looking at a green early in the not too distant future, for the simple recent that the vast majority of the pessimists are gone. they have already sold. when you look at the all important cftc's weekly commitments of traders's data, which shows you which classes of investors are position and the futures market, institutional measures are extremely bears on court, soybeans, and weed. whenever my imagine or get to bear on anything, well guess what, it tends to find a floor.
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yeah. got me? let's start with a monthly chart food prices, appeared with the ftc commitment of traders data, see these are the different kinds and this is the actual commitment of traders caught report. garner cares about the green line here, which shows you the net long or short position of speculators, meaning -- right now she thinks the bears are out over their sneeze and court, but large speculators holding more than 146,000 net short positions own corn future jeez, are you kidding me? the last time i measured with this negative words in the summer of 2020, back then, there negativity costs a short squeeze that allow corn prices for more than -- two more than double to just under $8 a bushel, tempting everything was talking about, including the fed, because it meant that things are going to get very inflationary, if the basis -- , of so much of our food. garners doesn't expect another rally of that type, but she imagines the shortages will be given original cover to be routed with later. she thinks it could be worth, maybe a rally of 50 cents through about 20 per bushel. well guess what, the spot price
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of corn is for 40 right now. so, $1.20 move would be huge, it would also be very unexpected, and it would be very. inflationary. now, take a look at the weekly chart of the corn future. prior to the commodity case of 2021 to 2023, of course because of the pandemic, one point out that corn spent a decade trading very comfortably. between three and 4:50, anti inflationary. we are now, though, at the high end of the historical range. if you join uphill line for the spring of 2020 to the lowest of last week's close that have a down trend line for the role polos made during the past few years, you will find a nice floor support well wallop, or dollars and 30 cents. that is about a dime below where we are currently at. at the same time, the relative strength index or are as i, down here, okay? the r s i, that is a really important momentum indicator that i look at before i make a judgment most stocks. it has been flirting with over soil readings with several mines, that is we don't hear, okay? that means that the downside here is probably exhausted.
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as -- sees it, between the mass and short positions at the future of the pool -- belmont, the potential parameters planning and growing, whether they can see a meaningful rally that takes corn to the mid five dollar area. that point, there is a tough saline resistance at five 60, where any upturn would likely run out of steam. but remember, this is the basis of so much of our food, people. we can't afford to see it rallied like that. now, how about wheat? check out the monthly chart with the cftc's commitments to traders data on the bottom again. all right, now look at this. what we care about is the green line. that represents the net holdings of the large speculators. right now, they are not short under 32,000, features contrast, which a lot of us bear stand better than in 2023, when it got to 90,000. but it is still pretty ugly by historical standards. -- says she can't recall only one other time and money measures were so negative per week. in 2017, 2018. back then, we found a floor, although it took eight years of
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skyways action before the prices started charging higher again in 2020. but put it all together, -- wouldn't buy wheat rate here. she thinks that it is enough justification to buy the dips if you advance through the spring. i feel if corn is going to have a big move, you are going to see a big move in wheat. how about the shorter term daily chart of wheat prices? if the huge price for the war in ukraine, we prices retreated and stabilized in the late 2022, around two $20 per share. i don't want to give the story away, but you are seeing it develop, reverse head and shoulders, here. ever since then, garnered things we've has been putting in some sort of triple bottom, here. she calls it an inverse head and shoulders. that is very reliable chart that says things are going up. as well as the force portholes at $5.70, she says wheat could at least rebound to what we call the net -- neckline. this would be six 60, all right? and if we break out of the net line, confirming this is an inverse had introduced, one of the most -- reliable patterns, as i said, that means we can see tweet at $7.50.
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again, you think inflationary, i think the whole food complex would cost a lot more money. finally, let struck soybeans. garnett thinks these are most fun rubble in the short term weakness, not a believer here. although we got to get the commitment to cater to, and you can see lurch back later and edging for the first time since 2020. that is bullish. and garner notes that anytime speculators getting it short soybeans, the result is a rally, although not always a sustainable rally. all right, take a look at this daily chart of soybeans, soybean future. i know there is a lot to work you're, but you can we just a second. fibers for now you're not down downside with the soybeans finding bottom anywhere between 11 and 11 80, so we are looking at the bottom here with all of these different lines, okay? she is betting it will be a red 11:50, we're so winds fanned a floor of support in the spring. if you go back, you that is where they found the board of support. that is happens what garnish processes them beta some prices with the rebound up to $13. again, that would be bad for the fed. very close to 200 day moving out if she doesn't expect prices to exceed that level, but if we do break out past 13 and 14, then 14 is in the courts. we don't want to see that,
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either. -- notes irrelevant stress impacts failed to make a new low. right here, see? that while the features price -- of this is what is known as a positive divergence. it means it failed to go down even more. if a negative divergence would be down there. it felt to take out that low. positive divergence, seagulls starting most of the soviet behind. as i am great. but the bottom line, the charges isn't by carly garner, who has been so great, suggests that wall street has gone too bears for an impressive -- incredibly important game green progress -- complex for wheat and soybeans at a time when all three cups penetrate higher. as the markets built tire into a premade to get for the risk of something going wrong between now and the harvest, it makes sense to me. that is why she is expecting a green rally, even if it is only for a few months. garner expects things could get really ugly for the bears. for now, she expects the greens to bounce and she -- if she is right, will make it harder for the fed to cut rates anytime soon. so, the brisket here first, and then the bulls get hurt. but when the bears get hurt, you will have more pain for the supermarket and the restaurant,
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and that only, we'll, let's just say, it will be too late and marker will go back down. which i don't mind, but that is not in the cards right now. let's go to ed in illinois. ed? >> booyah, jimmy chill. your number one fan. >> oh, thank you. thank you buddy, what's up? >> i am calling about b l b r, builders firstsource. it keeps going up, and i want to add more. is this a [inaudible] mold or cell? >> i really want to this company on, but here is the thing, why it keeps going up. it sells at a ridiculously low multiple verses of emo. so, a veto saying, veto is doing well, which i think it is, builders firstsource must be doing even better, because they manufacture it efficiently building products to the professionals, not through the do-it-yourself-er's who are not doing a lot of business. this is all pro, the pro-part of home depot, so we doing incredibly well, that is why it is going hard.
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that is why it might continue to go higher. mike in michigan, mike? >> hey, jim. how are you doing? first time caller. >> great to have you on the show, what is going on? >> love the show. listen, i am 70 years old, i received -- systems as a bar mitzvah gift, what are your thoughts on chest c slash c f x? >> let me tell you, someone did you a solid. i like jesse csx, and i will tell you why. they have a guy, joe hendrix, who is doing such a good job that i think that you have to recognize there is a big change going on in csx. they are becoming more customer oriented, they are becoming more detail oriented, and i am saying that is stock which is $35.59 is going to $40 and you should feel very good about it. the charts in terms by carly garners which israel streets got into bears to the court, wheat and soybeans. at the time of year when all three crops tend to train higher. that is why she is expecting a grain rally before a decline. the bears are about to get killed. all right, much more math money, move over to fs1, nascar season
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is about to begin. a lot happening. i am hearing what racing fans can expect this year. with nascar president steve phelps, you will be watching something cool on netflix tomorrow. then, there is a host of supply issues that could put a damper on the -- , so is the group still investable? i will give you my take, it is a little surprising. i know your poll is rather fire tonight, so let's go to the -- so stay with cramer. icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot.
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includes several exclusive races streaming on amazon prime video. at the same time, there is a new nascar docuseries premiering on netflix tomorrow. nascar, full speed. it drops all at once, so get ready for a bench. this weekend, the 2024 season unofficially starts in los angeles with a clash at the coliseum. two weeks before the official start of the season, the daytona 500, on five or 18th. so, before things get rolling, i got to check in with nascar president steve phelps earlier. take a look. mr. phelps, welcome back to mad money. >> great to be back, jim. >> you guys are crushing. should i start with what is happening this weekend for this incredible deal you just made with amazon prime. so many people watch amazon prime. why don't we go there, because it is huge. >> yes, so, we did -- steals at the end of the year, so our incumbents, fox and nbc, we extended with them and we added amazon prime and turner sports, w b d sports. so, really excited about what that will look like for us when
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we come into the 25 season. but, amazon specifically, you know, is our first peer streamer at our premier serious level, our cup series level. we are thrilled to have them. we are great to work with them. getting our deal done. again, we combine broadcast, cable, and streaming, or important brothers discovery standpoint. >> we know this model is from formula 1. you guys have been around a lot, to have made a lot of money for people. but i want to know, this nascar full speed, could that be like the formula 1 documentary that got everybody so excited? >> it drops tomorrow, january 30th. we are super excited about it. it is five episodes and it looks at the last 11 races of our season, including our championship. listen, i am super biased, but it is spectacular. >> isit really? >> and we think it will have the same kind of effect on the casual fan, getting people to consider nascar as one of their
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new sports. >> talk more about -- our all five coming out? >> yes, they are all coming out. you can binge tomorrow. >> fantastic. >> and we are -- it is just fantastic. the company that did that words and pictures who produced it, they are terrific and netflix, that was their choice for us. they did a tremendous job, and it is just -- it is kind of like the f one thing. it is visually exciting, but we have got great storylines. the personality development, you know, seeing the cars on the racetrack, and the crashes and all of it as the story is developing. >> so even if you watch every single race, you are still going to think it is just a great narrative? >> absolutely. >> that is fantastic. now, tell me about -- i watch the ads this weekend for daytona 500, because that is how the seasons start. but now this year, you have flash. this is something for this weekend. you have peoples appetites with. >> it is an exhibition event. so, we built a track inside the l.a. coliseum. this is actually the third year we have done it. there is a quarter mile racetrack and there, kind of tight quarters and this iconic
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facility that is a century old. it is just a really neat event and a little more casual than the daytona 500 where the stakes are obviously really high. >> but you don't mind doing stream races either, do you? >> well, so last, year was our first ever street rates in the -- race in the streets of chicago, around july 4th. other than the biblical rain, we had seven inches of rain on that sunday, but we got it and. it was a phenomenal event. it was -- as the sun was setting over the skyscrapers of chicago, the city embraced us, it was a great look for the sport. 80% of the people who purchased tickets there had never been to a nascar race. so, it was a special race, and we will go back there in july, ag years ago a special with nascar. it had this rural roots idea, but chicago tells me that that is just a national idea, it is not a rural roots idea.
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>> so, we are trying to balance things, right? so, we went to north will throw, a historic drive and, haven't been there in 30 years. that is where our all-star event was. we are going to go back there, as well. we have a new track, a new facility on the track, iowa, that will be this summer, as well. we have never raced there in our cup series. really good folks from iowa will be thrilled to have us there, and we are trying to keep things fresh and moving. so, yes, true to the history of nascar and the dna, but the nascar also is doing things that are both and innovative and things that have not been done before, like the chicago street race. we are going to do it this year without the rain, though. >> all right, i hope so. now, you are still doing the mile an hour billboard. that is still the best way to connect with how many people in this country? >> 80 million fans. they consider themselves fans of the sport. we will build on that and build on that, and build on that. our attendance is up, our ratings is up, we have a moment, and we have to keep it going.
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>> i remember speaking to your advertisers. the return on investment. now, it is great if you've got targeted ads on amazon, they come and they press this one thing. but just in terms of -- advertising, people always tell me it is still the single best way to get your name out there. >> yes, i think people think of a sponsorship, and it is synonymous with nascar. i think the reason why is because we have quality vance, not the quantity offense, but the quality. what i mean by that is, they understand the importance of a sponsorship to our sport. and so, they support brands that support their drivers, or at the racetrack, or nascar. they go invest in them, right? they support that with that while it. >> because of where you are exclusively, because you had relationships with linear tv, so to speak, are you surprised about amazon and netflix being so interested? is that the future? >> so, i think it is -- i don't know what the future is. >> okay, that is good. keep it open. >> television is super important, right? we broadcast, we have cable,
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and now we have a mixture of cable and streaming forum warner bros. discovery. but amazon, from a sports standpoint, what they have done with the nfl, what they will do with us, there will be other sports probably, i am sure, that they will bring to the fold. they do a great job. >> you do a great job. i want to congratulate you, since i have seen you last, this is amazing. you have gone and taken to the next level. i mean, you -- streaming, i think you are going to crush it, right? >> thank you. >> that is steve phelps, president of nascar. mad money is back after the break. >> coming up, pop open those umbrellas and tee up your toughest questions. cramer takes on all comers and the lightning round, next. nice to meet ya. my name is david. i've been a pharmacist for 44 years
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[inaudible] and then the lightning round is over. are you ready, steve? [inaudible] stephen indiana. steve? >> hi. i have been following you since your days with -- my stock in october of 2022 is at 5:49. today it closed at 4:38. i still am getting a 6% dividend yield, even at the 4:38 level. the stock i am calling about is northrup drummond. >> i got to tell you, steve. this has got one of the most heated struck. everyone echo meant and somebody says, cutting numbers,
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cutting prices. i am willing to go against them and say that if for 38, i am really to pull the trigger. at least on a quarter of a position. it is just too low. i want to go to sandra and ohio. sandra? >> booyah, jim. from youngest in, ohio. >> i have been there, it is actually quite nice. >> well thank you, we love our town. longtime listener, a huge fan. i -- my question would be, what is your opinion on john been technology? >> i remember this. i regarded this as an investor business daily struck. i actually am quite fond of this company. i say this on the air. is a little quirky but it is good. global industrial food has always been one of my faves. i need to go to coren in new york. horrendous? >> hey, how are you doing, jim? >> i am doing right, how about you, warren. >> i am pretty good, warren -- pretty good. >> all right. >> well, not really good.
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>> what's the matter? >> amc has got me in a hole. >> you are not doing well at all! we don't want amc. amc isn't doing well. we want to stop that go higher. i am not saying you have to go by super micro computer, but let's understand the consumer is not going to the movies like the east. why not go quite netflix, a little -- to the right every time? >> all right, i am going to many in maryland. mandy? >> hello. thank you for taking my call and teaching us how to invest and become better investors. >> that is the goal. that is the goal, thank you. >> i shout out your staff and you all, thank you. >> staff is brilliant. >> i am wondering, should i hold on or sell peco?
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-- that is an expensive stock. i don't understand why it could be this expensive, given the fact they are not making any funny. i say k, coaching, coaching on some of that one. thank you for the kind words. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. coming up, how the game has changed for oil, china, russia, and the squeeze on u.s. energy stocks explained. next.
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somehow. as long as the russians are able to ship crude through the suez canal, as long as the u.s. produces 3.3 million, a new record, as long as china remains in slow down mode, there simply isn't enough demand to meet the surging supply. i think that oil cannot bounce here. that might not too much for the oil stocks. each one of these supplies just keep putting a damper on the whole group. that is why, despite what it seems like constantly escalating mid east pensions, i have not been able to -- and the oil stocks deal. right now, for example, russia needs to find its war against ukraine. the west thought it could impact russia, all those sanctions, but russia is still able to export oil to all
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countries like china and india. russia produced and 0.6 billion barrels a day, that can finance a war and then some. this weekend, i read that the group, which is made red sea chipping so dangerous, the houthis, don't want to hit russian tanks with their missiles, at least potentially. so for, they have mistakenly shot two of them, but they have a deal with russia to let that we'll go through. at the same time, our domestic producers have stepped up the pumping record amount, and can do more. not good for pricing. it is a demand side that is the real issue. china -- china's economy is growing so slowly that it can use as much oil as russia pumps. trying to buy 47% of that, india takes 32%. that is scattered money, a handful of -- it wasn't always like this. 1973 opec slapped our country with a oil embargo after we supplied israel during the october war. that led to the price of oil to more than triple from $2.90 to $11.65, as we frantically attempted to replace the loss -- with open over their sources. at the same time, the u.s. produces 9.6 million barrels a day and imported 36% of our oil. now when you factor in imports
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from canada, our country's energy self sufficient. that makes an oil spike almost an impossibility without russian cutbacks, and as long as the war rages, they can't afford a cutback. war, you need the chinese government to simply their economy with something dramatically, which is theoretically possible possible, but the communist party hates stimulus and i can't see them doing enough to really bolster the price of oil. it is true that on russian oil tankers have been going around the cape of good hope, and that can drive up the price of some importers, but not by as much as you think. insurance and shipping costs have spiked, grateful for the stinker costs, by the way, but again, it is not changing things to dramatically. that is a one-off. i know that many of you lived through the gas lines of the 70s, can't believe that oil isn't flying higher, given what is going on in the middle east. it actually went down. but russia and the united states are in charge of facing these, not opec. which by, the way is showing, top -- of wanted to hit us with an embargo. they don't seem to mind our governments supplying israel, just like it did 50 years ago. it even fought back did mine, they don't have the juice to do anything about it without a
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spike in demand, not a cutback and supply. oil will be constrained. the oil stocks will not make you the fortunes that used to with this identical set of circumstances for the past 50 years. as i said, there is always a market somewhere, and a promise try to find it just for you. just your own bad money, i am jim cramer, see you i'm contessa brewer, right now on last call, a run to remember. stocks grab records. what are retail investors buying most. we have some surprising answers. all in, fan duel's parent takes twitter ahead of the super bowl. the man behind the decision will be here. a major announcement from elon musk world and it has nothing to do with tesla. we
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