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tv   Mad Money  CNBC  February 26, 2024 6:00pm-7:00pm EST

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a lot of people love the rock pile, mel, so, you're in the minority in this one. welcome back, steve, mel, and tim. >> good to be here. >> happy birthday, karen. >> thanks, guy. >> chevron. >> all right, thank you for watching "fast money." see you back here tomorrow at 5:00 for more as"ft." "mad money" with jim cramer starts right now. my mission is simple: to make you money. i'm 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'm cramer! welcome show cramerica watch. and make little money to educate. you call me 1-800-743-cnbc or @jimcramer. listen up! there is no next in nvidia. are cnbc investing club annual
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meeting, i chaos running joke the original nvidia made a stunning move. people say they have made. it jen, i want something new that will rally the same way. the dow dipped 62 points, nasdaq is down 1.3%. you realize how hard it is to find another company that can prove such unbelievable revenue. grow faults it's the greatest tour story ever told ai this is a game-changer for everything digital. we know it represents trillions of dollars, trillions t! no other company of the total adjustable market that size to itself. there are still some companies like microsoft an apple with larger. i could see them in the not too distant future -- it's not too crazy. people it does seem totally insane, here's why. remember i called at the new reach stock.
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now it's worth almost two trillion, the stock is up 1875% since we first visited him out his headquarters. but when you create something great enough, you can justify that kind of move. apple makes the best phones in the world, or at 2.8 trillion. it was worth 805 billion two years ago. microsoft has a monopoly on certain software, which is why it is worth three children but it was 162 billion five years ago. not anything like what happened here with nvidia. who could potentially join the trillion dollar class with meta, amazon google -- it is a freak of nature. if you look one under the one trillion dollars. maybe there is something brewing in the seven 600 billion. think sure enough put your hathaway run by warren buffett
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who just said that the days of the -- are over. the 85 billion dollar market yeah. more than 160 billion in cash. buffett is way too disciplined to start buying things appear. buffett i'll lies -- anderson's been terrific of, lake cocos been okay. i refusing to raise the dividend. which is what buffett wants. they are not going to get him the trump over the trillion dollar. wall berkshire portfolio company, largest portfolio company in america. disappointing versus others in the sector. if anything, he can get one over the trillion dollar mark it will be, the shocking rise in the cost of auto insurers. at the end of the day, that's right, it is all about geico. it's amazing it's the most important swing vote. apple was responsible for a lot of the gains, but geico is the most value because it offers a
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great service for less money. who's next, come on eli lilly has a serious chance of passing a trillion dollars. the insurers club is recognizing that the weight loss drugs are being used responsibility to combat diabetes and obesity, hypertensive, the copd, fatty liver disease, and a couple other conditions we don't even know. there is a real disconnect between what these drugs do and what people think they do. they make your willpower dramatically stronger, by making foods less tasty. they make it harder to eat. i'm, sorry they don't make it harder to be, that's not what they do, they take away the incentive to binge on junk food, and alcohol. now lilly has alzheimer's treatment that is probably about to be approved, i'd say any day now by the fda. i think the stock sells off recently -- i just told you right. outcomes the company said i
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can't believe it's approved, you remember i said on monday it's going to be approved i told investor members that it will probably sell off on the news. i believe on the worldwide day for the gop comes in. trillion dollar level, the first drug company to do. so tesla is 135 billion dollars, it does feel like some big portfolio manager right here has decided to make a stand, not let it going any lower. it sounds almost conspiratorial right? but that's how trust tesla traits. or could be -- a buying tesla, not letting it come down, not letting it become cheaper, arrogant buyer. who's never buying can't take it to a trillion dollars, not the humpty-dumpty. too many points between here and there. but when tesla and leases its new model station wide, it might jump a couple of ten billions. fourth pro calm, simple a trio could be the next one. it could go higher because of
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his ceo who is a master at making acquisitions. but this is a man who wants accumulated companies, in order to milk them to find the next acquisition. bernard off get another one. that's how it works. there it could never be more than. that if that's the case then nvidia might need to crack the five trillion mark before pro crunch crosses the trillion dollar threshold. how about visa? this is a tough one if the original fintech. but its rival with -- make that problematic. both go over a trillion dollar mark, i don't think it can happen. both stocks are fantastic because the credit card business is a snap happy goblin. of 500 barrier of late, it's a terrific statement that a bank could make it this time. but it's been gradually climbing it's way higher overtime. i don't think it can make it to the trillion mark anytime soon. banks are moneymakers, but they are slow to demonstrate. i
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can give you three more in the 400 billion united health, exxon global and -- i think there is a visa ceiling for mastercard, exxon standard oil had 100 percent sure of the market business at one time, the only oil in many places in the country was standard oil. ivf these to deal with a cyber threat first it's raging still. here is the bottom line. there is no next in nvidia it's what we call a lost, let speedy generous. you might see another one be strong for a generation, but there are other companies that i just outlined that can break through the trillion dollar barrier. while, they are not as exciting as nvidia, if you come pretty darn close. especially eli lilly. in west virginia, gary? >> booyah jim. thanks for helping us a little guys.
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can i add something here? >> i like amd very much. we own nvidia, sitting there thinking how many of these can we really own? i think amd for 1:50, you buy some more that is my take. we go to jack in new jersey jack. >> hi jen, how are you? >> i'm well jim how about you. >> good, thanks for taking my call. all you educate in how the community with your wisdom of investing, thank you. >> thank you. >> we love you. >> oh thanks a lot! that feels good, i love you right back. >> my question i, it's about -- some of your advice to invest in -- sorry some of your advice
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to buying a stock investors when, insider buying. is it is that aligned ith -- >> financials don't count. a lot of those guys don't even know their own banks. i'm going to take a pass on that one. they just buy it because i think it's going to work what do they know? they obviously know. or they wouldn't get in trouble to begin. with >> let's go to georgia and pennsylvania. george? >> jim cramer! george from valley forge gpa. >> let's go to rush more for the show. >> thanks for taking my call. >> -- to v k and she, by sell or hold. >> we gotta let draft kings come down, so after they announce what they did with the nfl file handle, that could put
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in may. and then we can look again. i feel like the stock was up with such a big spike i want to be a little more cautious. now we go to steve, also in pennsylvania, steve >> hi jen longtime listener first-time caller. thanks for taking my call. >> i'm glad you called. >> i'd like to know about bowl weighing in the next 24 months, what are your feelings on that? >> i think boeing would like to know about boeing in the next 12 months, that's part of the problem. this company is uniquely not in charge of its own destination and i am beginning to get concerned, as i said the other day. if the fda just comes out and says, okay let's clean house, then i think you would see the stock up substantially. all right, we might not see another nvidia four generation, the next companies to breakthrough the trillion dollar barrier isn't as a exciting as nvidia unless there are some of the exciting like eli lilly. the covid arrow is big time boom
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for the path scene, what do we do with a company like a long coat. you start me, with intuitive machines i was doing my homework on the stop and what do you know it. a company unmanned cargo unaccounted this. -- that's intuitive machines. that's okay, look! i don't have a dirty tile lilium, but that was a pretty good imitation of intuitive. it rocketed iraq start before a drop today, did not go all the way down, it's a foul on something. i call that a success, give me the tang! i wanna talk about. it is an investors still concerned about commercial real estate market, i'm getting a sense of huntington bancshares and what the ceo is saying so i'm saying stay with cramer.
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was modeled on my expectations but it fell short. initially the stark opened down 6.5% response, it snaps back nearly finished flat, down 11 cents. what on earth is going on here? let the president of elanco animal health, mr. simmons welcome back to mad money. >> great to be here jen thank you. >> it was a funny day, because people like me were like oh my god, is this a setback? but actually when the smoke cleared you are a second quarter 5%. the use did some great things because you saw some apple and you heard me say you need some debt pay down. we had some blockbusters that could ignite earnings for several years to come. >> yes you just hit on all the key factors. i think the second half of 23 saw a lot of proof points of strategies working. two quarters at 5% growth. and we are back growing again.
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to really, really good quality quarters in a row. or guiding for that growth to continue, and increase in 2024 before the blockbuster. it's all about growth, innovation, our existing innovation has a couple blockbusters in it. actually doubled in 2023 compared to 22. and yes, those three blockbusters are still on a path for the first half of 2020 for approval. before the awkward business, we are guiding, this was discussion with investors, are free cash flow conversion is a key priority. it is going to increase four times in 2024 compared to 23. the key drivers are growth, we got it, innovation we've got it and more is coming, and this whole free cloak version what we are doing inside the company, and ask the aqua business will do it as well. >> i love that you're gonna be seeing that free cash conversion to get sales people, c can go up against -- if your
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drugs get approved, those drugs that they have are just ripe for the picking for elanco, it could be gigantic. >> we increased earlier in the year 20% more of the sales force in the u.s., and i say this is a lead indicator of our confidence for what we see in this pipeline. six potential blockbusters between now and 2025. we also today, made another, really disciplined decision to say we are going to restructure our business a little bit more. what we're really going to do, is take about 4% of our population and create more resource to invest for this future blockbusters. how are we gonna do that? we're gonna go to europe, to a b to be models. for our farm animal business. we're gonna move to a distribution model in some countries like argentina that are non strategic, free it up on an annualized basis 30 to $35 million. tough decisions, aqua, adding
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salesforce, restructuring, why? just as you said you, mark confidence were coming into the next error of growth in innovation that's going to be historical for our company. >> i know i got a focus on dermatology first, to me i don't know of the efficacy versus the drugs we give our drug are dogs all the time, but it is a gigantic market. how much of it you think you can take? >> well i think the good news is, as you said, the humanization of pets. the globalization of pets of is happening, and the globalization of dermatology is happening. more innovation creates more growth in the market. the market will grow, there are still a lot of unsatisfied pet owners as you highlight here. vets are saying they want more choices. we never saw a big market like this have is fewer choices as they do today. all the things line up nice. are differentiated asit. we are gonna follow it with a mitochondrial antibody, which
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will -- those two products, we've announced we've had some of the biggest knicks next wave innovation coming in from the r&d team that will really be coming in the second half of the decade. similar parallel to our parent company lily, as we look into bringing it forward. term is a great market we had different differentiated assets. >> it is great, i was hoping to get some of that lilly rub off on us, it's really happening. this is me, if i was running the company but i'm not you are, i would not downplay, i would up play more about what you're doing with experience or and -- because i think that people are starting to get very wise. even though mother nature, cows are an environmental problem, and you are addressing it. >> yes, we are really excited about what we're calling livestock sustainability, we've been serving farmers all over the world, it is where we started, it is our history. we grew this year in farm
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animal, 4% in intern national, we took market share. what we're most excited inside the walls, and working with farmers is live stock sustainability. one block question a path for the first half of 2020 for approval, it will create value just as you said jim and we're doing it with experience now. we're going to go to the market, with a 30% reduction in methane it will give farmers the ability to create carbon credits that they will sell to a cpg company and dairy. what do they want? they want to enhanced their brand because the next generation wants environmentally sustainable dairy products. it's an inset market, creating value and sustainability starts with profitability. it starts with farmer profitability first. it's going to happen this year jen. it will open up the next 1 to 2 billion dollar animal health care. >> i think it'll be a group of people, those are big vegetarian vegan movement in
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the country. i know my kids are. a lot of it is a believed that we are over so to speak. that's really cold for the cows are natural gas, they are just not good for the environment. you are the first person seriously addressing this, and i think you could change the dynamic of what people eat. >> this is personal to me, to farmers all over america. their innovators, environmentalists, we say in the industry that cow can be the how. we really believe this. methane is a short lived gas. carbon, you won't solve the problem in the next decade with carbon. you will do it with methane, farmers will do this. many farms i have been on that say we can be climate neutral in our lifetime. we know, this next generation wants that, they want to know where their food comes from especially beef and dairy products are going to be there. and overall be the biggest thing that has happened in the beef industry, in maybe two decades and it will catalyze this
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movement. >> i was so glad you came on i was obviously worried because i thought oh god i hope they are okay here. and boy are we ever. this is the third go corridor, but it is the beginning of what people will say maybe this is the one i should be. and it's a tribute to you, because he really gonna work hard to make this company and be what we are all hoping in the beginning, and it is really there and. our jim symonds, ceo president of elanco. this is the right time. thank you. >> thank you. >> we'll be right back after the break. coming up, to the moon can lunar lander was starring return. kremer does homework next.
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♪ ♪ ♪ last wednesday night, michael massachusetts asked about the new space -- he asked about two machines. he said quote, team effort with spacex and nasa. one that has a five year nasa contracted put america back on the moon. how exciting? i had to do some homework, i think i can take some time with the research for the next night we heard that -- put an unmanned probe on the moon. this is the first american spacecraft to get up there since 1972, and the first time any private company has pulled up a moon landing. the stark white notes, charging
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up 15% the next day. and, that is on top of some larger moves in the previous months. then on friday, we learned that the lunar lander had tipped over, and the stock plunged nearly 35% today. going back down to six bucks and change. this is one of the hundreds of companies to be a spark merger in the past four years. they combine with the special acquisition vehicle last year. in these situations investors can take shares in the new company, or the ten dollar international investment. back i think a lot of people are going with the tan box, that can create a massive shortage of stocks and send the price into the stratosphere. the machines went from $10 when it star trading, to $136 to this time last year, -- an all- time low low of $2 and change in the first couple days in the year. it was probably mentioned on
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our show. but while the stock was a rollercoaster of the underlying company was making legitimate moves. the intuitive machines is one of the few intricate private companies to set up to form the backbone of america's new space program. back in the obama administration said the rising cost from nasa, we are going to start outsourcing. the most famous winner here is elon musk and spacex, but it's not the only winner. intuitive machines wants part of the pie two they're focusing on the artemis program. there are figuring out how to spend people to mars. intuitive machines is going for what they call the commercial lunar payload services initiative. which is exactly what it sounds like. they already had nicer business when they became public, and the even had positive growth margins at the time, and projecting positive free cash flow by next year. but the big break came last year, with the joint venture with k b are in a five-year
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nasa contract for 700 and $90 million as part of the payload services program. this was the deal in michael in massachusetts was asking about. and that has what they have been working on in the past year and past week. intuitive machines put the lander on the moon, even if it didn't really stick the landing. this is the second mission in their program. the first one came from another private company last month, i did not even get close to the moon, but it was technical difficulties. but if we had them pay attention other investors would notice where it was going at that time. by the time -- intuitive machines on wednesday, the stock was up 265%, another 350% compared to the low of two blocks. on the moon launch the stock jumped even more. but like i managed mentioned on friday night, when we learned that the lander reached the right spot on the moon, it tipped on its side during the
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final landing process which ended up limiting its ability to transmit data. , despite the stocks being put back nasa mostly considers this a success. i watched the video, they are really kind of thrill. the bulk of the research payload are still functional. it's solar panels or keeping everything charged. and while it is not landed perfectly, it still transmit. but intuitive machines saw its dark quintuple ahead of the large, spiked 43% last friday before giving up most of those games and then plummeting 35% today. but, i like the story here, you're signing up for a white is one of most volatile stocks on the market. intuitive's revenue should grow over 300% this year, but expect to lose money for the foreseeable future. all i can tell you that small firms covering the stark all of them have by, or equivalent
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readings honor. at the end of the day, this level of volatility makes it hard to recommend intuitive machines. it treats on the successes and setbacks of space travel, which is pretty tricky, we also don't know where they the will get their financing. if i was running it, i would use the mostly successful mission to self, dark and raise money. there are always seems to be additional shares coming out are nowhere, which makes them so hard to value. just in the past couple weeks the share count increased meaningfully which it. does that help by the way that the ceo cfo one guy with two jobs left last year. it didn't seem to stop them from landing on the moon. a lot going on, here making it in extremely high risk population. if i can't go as far to recommend intuitive machines, i will certainly be rooting for them. it's exciting to have people back on the moon, we have a new space race going on here japan
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made its first moon banding. china has another lunar landing plan for the spring but i'm glad our space program is -- if you really want to participate in the story by picking up shares in intuitive machines which will cost you about the same as three power ball tickets, then allergy not lost on you i hope. i won't stop you. but if you want to buy something like intuitive machines but you are engaged in pure rank speculation. it is too risky for me right now, but i will keep it on my radar screen it's a cool stark. let's go to fill in new york fill? >> hey jen, it's a pleasure to be here for me. you i gotta tell you, thank you so much i got my 14 year old daughter is watching this show, i can see that she is very eager. i want to ask you a question about you t as, is it all by? u.p.s. is it a buy? >> i am a favor of fed,
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accidents not doing that well. u.p.s.'s got a 4% yield, and it's not -- i need to see meaningful earnings, and i have not seen it it is disconcerting to me. look, if you want to take us diabolic intuitive machines, you are engaging in rank speculation, do not use any money you can afford to lose. it's a tough one for the regional banks get the 2024 be -- here for that cohort. a sense where we stand with the company ceo. i few early morning stories paint a positive picture of what's going on on the tape, not the futures but the tape. the lightning round, stay with cramer!
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♪ ♪ ♪ what 2023 in the rearview mirror, i thought of a good year for the regional banks. that long term interest rates rise, that is why the s&p regional banks section did only 10% this year. those concerns have not faced the columbus ohio bancshares of huntington banquet, you know it's one of my favorite regionals. a healthy loan, and deposit coil wall management gave me a robust forecast. it jumped up 4%. worries that the fed, well who knows what they will do. lower, not lower soon. when let's take it up with steve steiner chairman, president ceo of huntington bank. welcome back. >> great to be with you thank
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you. >> the absolute darkest moment last year when it looked like the regionals we're going to roll, overplay dad, who knew? you came on and said not all regionals are built equally, somehow strong franchises and great balance sheets. i don't think initially people believed you, they obviously believe you now. is it the culture? what made it so you are not concerned, because you actually had influence uring this period. >> we do deposits a recorder jim , we had a fundamental believe in having deep customer relationships, and managing so we were building those relationships to be long term. as the fed was pumping money with qualitative easing, we moved it off balance sheet for years, and years. we did not have the massive outflow. we had the highest level of insured deposits, total deposits of 50 billion or larger of any. bank we were very confident of our outcomes. >> now you've got good long growth, good deposit growth, this seems to be your time to
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grow better than any other region. >> well we think so, when we are poised to do that. we made some investments last year, put three new specialty businesses in place. and we significantly this expanded in the carolinas, both north and south carolina, so the course performed well as we saw the numbers last year. and we have an additional tailwind from the three new businesses. plus, a, great group of new colleagues in the carolinas which are attractive markets. >> tell me how that works? carolinas obviously already have banks, how are you able to take share coming in from another state? >> we have been there for over a decade, and we have been staffing up along the way, building the business. we saw a moment in time, from the dislocation of silicon valley that bankers were interested in moving forward, investing, growing the business. we did not shrink our balance sheet, we grew it as you pointed out. we grew the portfolio. we took care of our customers,
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and we look to continue to grow as we moved into 24 and it's a very different posture of a number of other banks. >> when i read through your reports, i found one thing everyone tells me i should be petrified about commercial real estate. you described it as not all one bucket, and even though the bucket is everyone's post to hate. you actually can't sink any -- into that. >> well, for us the temperament of our total portfolio, we have a great reserve against the. one of the peer leading reserves. and we've been very disciplined with an aggregate risk appetite for 15 years. within that commercial real estate portfolio, it's very relationship oriented. coming back to the nature of our business. so, we are highly confident that will work with our customers, help them get through whatever challenges they have if they have any, and many won't have particular challenges. >> everyone keeps telling me that this is the time for banks
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to adopt ai, and i understand ai from a bank point of. you it's great to have a loan officers comply with a.i. or have sales people be able to speak and know that what they are saying is the right thing to say. but ai can't replace relationships? >> that is right, that is right. we have been using ai for 78 years, selectively, in different applications. generative ai is changing that but fundamentally we are people business. it's about people, trust, relationships and that has been the secret to our success thus far. >> let's talk about the new vertical she mentioned, one of them -- native american financial services this is not not necessarily's of the you make a lot of money in is it just on the feel important to do as an american? >> we have, just in the state of michigan, and a half dozen tribes. we do some business with, but we did not feel that we have the expertise.
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in colorado there's another set of tribes, so we are already embracing native american businesses but it's selective, it is one of. we think, as we continue to grow and expand that there is an opportunity here, building off the base that we have to do things better, and become a better partner in that sense. >> it just can't be a cash society that would be terrible. let me ask you one last thing, when we spoke last i was very excited about intel, and what they were doing with chips. intel is subsequently delayed, is that delay the whole project or so much going on that it is okay for delays a little bit? >> the most recent delay announced six weeks or so ago, was in part tied to finding just not having comes through. it is back to the original schedule it's accelerated off the original. we feel very good about it. we have a team from central ohio in korea and japan lining
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up suppliers that are gonna come into greater columbus. so, this is fabulous the construction, the cranes, the deal going up. it is all there. >> we gotta get, there you know we are going to. last thing, you guys have the most thorough analysis of what happens under every scenario with the fed. but what i was not sure of, it seemed to me, you would make the most money if the fed just stands path. >> we do like that scenario, and that will work to our advantage. but, we have been at this point of view that the market was layoff with 6 to 7 cuts. we were thinking 2 to 3. so we positioned our derivative portfolio, and risk management overall for that sort of environment. i think that is sort of more likely that night. if they don't change rates, that's great for us as well. >> that's exactly what i want my brain to do. congratulations, i love it when someone comes along that is someone that is so not
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conventional wisdom and it goes his way because he has relationships. that's what people need to do. that's steve steiner chairman a president of huntington bank. steve every time you come on i recognized not all banks are created equal. how about that? >> i love that statement, and with your advice, we are on the right track. >> i know you are, we'll be back after the break thanks steve. >> coming up, cramer takes your calls and the sky is the limit, a fast buyer lightning round next.
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♪ ♪ ♪ it is time! lightning round ! -- and then lightning round it's over, are you ready? steve i want to start with joe in indiana, joel? >> hi, first thank you for all the help you've given me over the years on never be able to repay you. thank you. >> -- i think the stock is down on opportunity there too many these places give me a break. these guys are smart operators i want to buy the stock. now we're going to go to craig in pennsylvania craig? >> [inaudible] you're breaking up there. >> i was calling about a stock i found last year -- it's up 39% in the last three months, over 100 and 15% on the year. and i wonder if it'll pick up some more before earnings on on
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wednesday. it's vs t vanish -- >> it's a power ball, sir i'd have to study up on it before i can recommend it. that is some move. i have not seen anything like that in a long time ago i do mo research. >> let's go to our canola maryland. >> how are you? thanks for taking my call today. i am a dedicated club member. thank you for making us smarter. you are a legend. my question is about a software cold -- >> everybody loves this, they call it the junior salesforce. for me i think salesforce is the salesforce, and you don't need of spot. i'm not saying buy it ahead of the quarter, i'm saying -- for a very long time for a travel
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trust. but i don't need to go down the list to hub spot. susan >> jim cramer i've learned a lot from you through the years. >> thank you. >> one of the things i have learned what it takes -- your amazing, your conviction level i love it. i'm thinking about a stop and having it turnaround it's so awesome. what i'm wondering is. amn healthcare i'm out of the beginning of a long battle. >> yes you are, i did some research this morning. it is going to be ma non battle stocks right now that you do not need to do about. all i'm in some of the battle stocks, and it does not feel good, let's stay away. >> in massachusetts. >> in jim, i wanted to talk to you i have been listening to
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you since i was a kid. thank you for the advice. i wanted to talk to you about -- [inaudible] 50 things cloudflare ai >> one of my absolute favorite stocks. such a fantastic narrative there. you must hold on to cloudflare, and if it gets hit you must buy more. matthew in virginia? >> hi mr. cramer how are you? >> i'm good how are you doing? >> good well just trying to get some work done. okay i had a question about carvana. >> carvana is a very big move now, i heard darcy's doing a traffic job he got away for a comeback, you gotta it's a of its shortest squeeze. >> that is the conclusion of the lightning round! >> the lightning round is sponsored by charles schwab.
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i'm jack black. get tickets right now for kung fu panda. you don't have time for a drum solo. get tickets! [ screaming ] get tickets! skadoosh. get tickets! ♪ ♪ ♪ we don't give this market enough do. every day when the future looks out of 45 in the morning, something happens that is positive and that propels the session. we had a strong quarter from domino's what, and a much better long term quote than anyone expected.
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i-25% dividend boost, and a buyback optimization which is pretty substantial for 16 million dollar company. i'm not saying look at one of these pauses that bails of said every single day, i am seeing that domino's pizza is a household name it's held its own in inflation, and i'm not so surprised that they give us such encouraging numbers. the stock jumped nearly 6% today, they did not see it coming, they were too negative. if you gave russell the benefit of the doubt guess what, he would have a nice win. bouncing back more than 7% today , at the annual investing club meeting at this weekend, that i had so much finite. we told people to buy this week, -- the real problem came down it will eventually make the company even richer than it was, sure enough palo alto is up from its last -- one reason is because united health care is business got hacked. i bet they could use palo
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alto's fall security suite that the ceos offering. i think you'd be wise to use one vendor to ever be and the so-called clients fatigue, that we spoke about on our show. i see these things happen pretty much every day, which is a big reason why you can't just write off palo alto networks, at 100 points in a day. or 400% micron, that was -- not a great companion to nvidia but it is. and who knows maybe tomorrow it's zoom video. these moves are all signs emblematic, of a bubble. but company is doing much better than expected. stocks are doing up on rational experience. not on irrational. they are not going up on the dreaded multiple expansion, where people keep paying more for the same earnings. everyone say nvidia is in a bubble. but -- what and that's only
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four turns higher than procter & gamble's earnings. come on, it is a steal, four times is better than proctor versus nvidia. and i love proctor. but why does this keep happening? because great companies can reinvent themselves on the fly. i know that makes me sound like a cheerleader, i don't care i'm never gonna start pointing out you. it happens constantly, and no one wants to talk to her about it but it's too pollyannaish. the nation advertising business rollback strategy, -- gap stores -- it's one of the greatest turns around in history. discover financial from capital one, a lack of housing gives topper an opening to sell 1 million dollar homes with ease not to mention great cross margins. the decline in oil prices -- these are all meaningful stories people, and they all resonate. it's not that you should not be focused on the market.
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so, the next time we start to feel excessively negative about stocks, remember every day there are companies doing great things out there for you. you just need to know where to look for them. -- we're here on mad money, i'm jim cramer i'll right now on last call, insider sales from top ceos and a warning for you. and call this the mount everest of cash piles. warren buffett with $168 billion. we will show you options. and the network cuts off nikki haley and others about what is to follow. plus new data on traffic accidents and what it says about our driving habits. and a car that could give

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