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tv   Mad Money  CNBC  March 27, 2024 6:00pm-7:00pm EDT

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>> iyh i think you are going to continue to see strength in health care. >> guy >> fun time tonight. >> wasn't it >> totally >> you don't believe that. clf. you see the move we're having in these resource stocks. >> thank you for watching "fast. see you tomorrow at 5:00 "mad money my mission is simple. to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. mad money starts now. hey i'm cramer. welcome to mad money. i'm trying to make you money. my job is to teach you contests, call me. tweet me. we have some great news from cnbc delivering out a stock survey today. a majority of responders believe the market has gotten over heated and we are headed
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for a pull back with the averages once again up, dow gaining 278 points. rallying .8%. nasdaq climbing .16%. you know what they say? so far the s&p is up 10% for the first quarter. best start of the year since 2019 which is why i accept we could be due for a pull back. we should welcome it, not fear it. how you can cheer for something that will cost share holders money including my own trust? because sell offs are going to happen even as we never know when they will hit. we have to welcome them. i learned this from peter litch where he townsed the market. he welcomed sell offs. he said to expect a 10% pull back every two years and a 25%
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beat down every six years. he made these comments about 30 years ago at the time the dow jones stood at 3,797. predicted that despite the pull backs the stock market would do well over the long hall as long as corporate profits held up and he noted that corporate profits tend to grow by 8% a year given that the stock market broadly follows earnings that rule of thumb will put the dow at 38,238 in 30 years meaning now. sure enough the dow hit 39,760 today. i would call that on schedule. maybe a little ahead of time. peter told me not to fear corrections. he said more money has been lost by investors in preparing for corrections or anticipating than in the corrections themselves. people sell like the people in this survey and then they don't get back in and they miss a huge amount of performance. most people see a survey that
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says investors are bracing for a pull back they shudder with fear. i have no problem with raising cash. that's being responsible. other wise i think you have to ride them out. if you are always trying to avoid the next pull back, you will end up missing out on the next rally. let me put it this way. as a gardener i know i won't be able to raise my tomat oh, s without rain. without showers nothing for you. you need to view the pull backs as rain storms. they are going to happen. they can help you grow if you approach them correctly. what if the 8% growth in corporate profits doesn't hold up? going back to that survey there was an increase in the amount of people saying they think we are going for a recession into 25. right now 52% say t that's up 23% in the previously quarterly survey. the long term forecast covers those recessions. we have had some real dozi, s. man, think about it. we have a share of bear markets
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in recent years. s&p fell. then it fell 27.5% from relative highs set in the first days of 2022 through the lows of october 22 and that was the house of pain. >> maybe we aren't due for a bone crusher because we just had two of them. 39% of the cnbc saying its time to sell out of ai related stocks because they have run too far. great. let me tell you something. on september 30th, 2009 i found this company that made the fastest chips in the world. it was called nividia. he wore a motorcycle jacket but i was smitten. stock price was just $3.75 per share. by june of 2010 it traded down to below $3. of course using the presplit numbers it was at $125 when i recommended it and it dropped $11 and change where i just continued to recommend it.
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continued and continued. i was -- even website that i was associated with at the time i defended it constantly. at one point with the stock at $10 presplit. i dared people to short t make my day. short it. i kept pounding the table on this one because of those lightning fast chips and what could happen with them. eventually it caught fire. that then was all about video games and then these chips could cause a revolution in the data center. one that could lead to what we are now hearings as ai. i went to see jensen and he showed me things in ai that i couldn't believe. i went nuts on nvidia, both on the set and the street. i just kept going. the stock was at 40 dollars. i went back to the head quarters in 2021 with the stock at $330 and prompted by jensen
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i asked him -- to paint a sea cape knowing my spots at harvard that the fellow was a real art guy. i watched robot dogs pick up jello cubes. next thing you know less than a year later the stock had fallen $108 because of the bear market deck and i was the goat of the game. you know what? it then went to $974. suddenly the only goat people can talk about is the greatest of all time. obviously that's jensen, not me. i was just along for the ride. you took your cue from me you would have stuck with it and gotten a huge gain. here we are again. the stock is just getting hammered. people are getting there. they are sick. i got -- drank half a bottle of pepto. to have sympathy for the people
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who own nvidia. they are tired of me talking about it. i talk to people not to buy the stock last week. i said don't buy. it's now getting clobbered. i still say you have to own t don't trade t i bet it sells off more because of this new move toward ai and then bottoms. you have to be there. we have seen this before. you know how stupid i looked when i kept recommending it? that's fine with me. business isn't about looking smart. that's what we did when the stock got crushed in 2022. it's what we are going to do again. maybe we buy some more for the trust. my advice, to those who are tired of ai, i have heard it all. be tired. be sellers. i don't care. i have taken my hits and i keep ticking because i have seen the future and the future runs on nvi kdia. i think people expect the pull back for some tech. that's not a reason to head for the hills. you want to raise a little cash. watch the market as it is doing
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and then buy your favorite text stocks when they come down. if you don't own it already you know what? you are getting a sale. if you do own it already just stick with it. it's way too hard to swap out and swap back in the right level. you know why? because nobody is that good. how about we go to sam in new jersey. >> hello jim. the good old fashioned booyah. a local one. best kind. >> the question about the stock ipad. what i like is that it's based in the usa but has a global -- with ai opportunities such as automation programs, applications and cloud automation. it's currently trading at $4 off it's high. your thoughts, sir. >> i like it a lot. i think you are right. i think $22 you want to own t there were people who owned it higher and they didn't do that well. at this level i think that you are fine. i think you got horse sense.
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could we go to john in florida. >> how you doing today? >> doing fine. how about you? >> i'm doing fact fantastic. i got a quick question. i got a starbucks during the pandemic. its been around $91 i'm wonder figure ing if it's a good time to cash out. u. >> you got to join the investing club. we had a discussion about starbucks. it's on replay. i posted on the twitter thing. you can go to twitter, x, its right there. it's probably like five points off where it can go when they -- disappointing quarter then a rocket ship when they explain. that this is the last bad quarter. it's not a good quarter. it's not. that is why it's -- it's at 90. let's deal with that. it's called house of pleasure but you know what? the house of pain. just kidding. i think that here is the deal. i do want to make this point.
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i know we have to go. i had a starbucks today. then i had an ice cold starbucks. it was good. it was real good and that's not the reason why i'm sticking by t it's because they happen to have this -- you got to give this some of the chance. everybody wants to dump it. everybody and i say buy, don't dump. i think it makes sense that people are -- makes sense. it isn't a reason to head for the hills. ride it out. buy your favorite text stocks after they come down and enjoy the broadening out of this fantastic rally. industrial banks, wow. health care. merk received approval for its -- it ain't done. let me tell you this so much more left. then kimberly clarke posted the investor day of the iconic house company and i'm hearing about the plans for the future with the co and from the active
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investor to -- train derailment. got a lot to discuss with norfolk southern. stay with cramer. [sfx: wind, rain and rolling thunder] nobody's born with grit. british announcer: rose is really struggling. it's something you build over time. american announcer: that's 21 missed cuts in a row. [car trunk slammed shut] for 88 years, morgan stanley has offered clients determination and forward thinking to create the future... crowd: stop it! ...only you can see.
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she shoots from here? that's kinda my thing. look at this rally in merk with the stock soaring almost 5% after last night's announcement they got the fda approval for their new hypertension drug.
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that is huge. not just because this is the first decent treatment option for a potentially life threatening disease. it's also good news for them because like most of big pharma it always needs new products. that's the game. last year they got over 40% of their sales from the best anti cancer drug but it'll start to go to patent in 2028. that's why they are making a lot of small, medium acquisitions. remember that we had about that? as for hypertension drug it's -- the payoff from the 11.5 -- makes pharma in 2021. so it's not just good news but great news. the management strategy is working but do not take it from me. let's check in with rob davis. welcome back. >> thank you for having me. i'm excited to be here.
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it's a great day for merck and patients. >> it's a pretty bleak future until today. >> you know it is. this disease and this is a rare disease. it doesn't really get a lot of attention. it's really devastating. this is a disease mainly affects women in the prime of life. age 30 to 60. fortunately in the bad -- the bad news is the mortality rate for this disease is about 43% in five years. it's a devastating disease for the patient and you can imagine for the families and for eastbound. fact that potentially we now have a disease changing agent that can really make a difference for the patients is something we are very excited about. this is a novel thing of action. it's not existed before. it's an active signaling inh ib itor and we live has the potential to remodel the
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vascula rt ure that lets you avoid today which surrender get a narrowing and thickening of the a rt erial walls. this works to stop that and potentially reverse it. we will have to see further studies. >> i know i think -- no matter what i come back. it could be a $7 billion drug, 10 billion on the surface. could this be an extension to other things you may try orioles is that pretty bold? >> it is. the initial indication is now is add on therapy for people on either dual or triple therapy. there's both opportunity to move into earlier lines which we think is something we will study. we have studies underway to potentially prove that. actually more exciting is the potential to move more broadly than pah which is the specific thing we have here into hypertension into heart failure. that obviously is a bigger opportunity. we have a large space to study called the cadence study.
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>> now that you know about this when you bought it? >> we d the thing that was really exciting that's exciting and -- it's a temperature to the merck scientist. my team and merck and our group, we were looking at other agents. we were doing internal work. they came forward and they saw some of the phase1 and 2 date a they said this could be something special. that's what caused us to move and do the acquisition. initially the first study which is the basis of this approval called the stellar study was only supposed to show improvement and symptom through a walk distance. we actually showed reduction and risk of clinical worsening which we didn't expect to get to a later study. that is now opened up the opportunity to go more broadly so we knew it was there. we focused on it for this initial indication but the promise of what this can be based on the strength of the data is something we are very excited about.
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>> now that i heard you say that i don't think the stock is up nearly as much. that's my job. i'm a stock guy. you run the great company that is merck. last time you were on i think there was real promise and i don't expect yet. you told me not to expect. how is it going? >> well. we are -- we are currently enrolling our own study for -- we will saturday it a study in chron's disease later we continue to see great promise with that accusation and frankly see that as continuing to be a foundation for i broader po rt folio of assets similar to how with now -- what we called -- now the brand name is win rivere is really the foundation for a broader platform as well. >> and people need to know you are going after big ones and tough ones, not the one that people saw in the me too. suggestest heart failure. you can get break-in to the --
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this colitis. this is -- i don't know if people know how big. this is. >> what we always focus on, focus on what matters which is the patient. put the patient at the center and understand they are waiting and that should drive urgenc, power, that should drive purpose, passion. and you talk about chron's which is from the deal, these are terrible diseases. family members who struggle with this. these are terrible disease itself you think about what we did -- and we talked about hypertension. devastating, so we are very focused but it always starts with great science aimed at the patient. >> and i don't want to loose sight. i want to talk to -- accusation. could be the greatest of all time and i have give ten short
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shrift. things still amazing. >> contributors are one of those thing that we have so many positive data read outs and it almost makes you numb. i try to remind myself every positive date and read out is a patient population with a promise they didn't have before. this is a fantastic drug. it's about to really be foundational therapy in cancer. we have up to 39 indications in the united states, across i believe it's 16 different tumor types and now what we are starting to do is move this to earlier lines of therapy. the reality is if you want to cure cancer you have to catch it early. if we can show -- what we are starting to do. we have multiple now approvals and earlier lines of therapy. we got approval in nonsmall cell lung cancer. if you can do that we can start to potentially talk cure and that's our focus. it's really po rt ruda has
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meaningful contributions underway and we are going to see this drug make a difference. >> you can make it a manageable disease. i would take that. you are doing so. many amazing thing. that's rob davis the ceo of merck. this stock and company is just a fantastic, breathtaking company. let's take a break. coming up a walk on the softer side of wall street. follow the paper trail to kimberly clarke. next.
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if you are worried about some of the science of frost in the markets. latest crypto craze, ai. then maybe you do want to own something slower steadier like the consumer package good companies. there's always a place for your -- for one of those. even if its been out of style in the fashion show. take kimberly clarke which makes paper towels, toilet paper, diapers, and kleenex. these guys struggled with supply chain woes wu now they have it under control and are ready to go on offense. today they healed an investor day event in new york where management rolled out a new strategic plan including a big reorganization and large cost cuts. before that we got a chance to
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sit down with the chairman and ceo of kimberly clarke. take a look. >> welcome to mad money. >> great to be with you. >> i got to ask you first. what is it like to be the steward of perhaps the most iconic brand in the country? >> i know it's an early pick of yours earlier. >> goldman sach's, absolutely right. >> it's a story of a great american company. i take that responsibility very seriously. you know since our founding -- the founding values were about taking care of your people and our investors and the company has done that. we invented most of the categories we operate in today starting with kotex and kleenex in the great depression all the way to adult care. we take our responsibilities very seriously. we have always brought innovation to the core of what we do and we are really excited to move on to the next chapter. >> okay. the next chapter of growth will
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be helped, think, by this transformation that you have announced that is very important because you are going to kind of local eyes things, all these brands need to be sold on a local level. i think you can take share if you do that. >> the we saw the need to continue the transformation. i see an opportunity to turn it up a notch and step on the gas. we have kind of navigated some big challenges in the market the last few years. the pandemic we had disruption of the global supply chain. as the team has done a get job kind of getting the company through that, healthier. at the same time what we are focused on is proving out our idea that we can elevate these categories. i came into kc. i felt like the amount of difference in the categories was not as high as what the consumers were looking for. we had an opportunity to make the products better set our friends apart.
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>> and when you do that how about the china story? rather amazing. >> the big thing is we think there's a lot of growth left. we can make the products better, worth paying more for and having consumers trade into a better preforming product. the example in china is amazing. i think back in 2020 about 9% of our business was premium, super premium mix. three years later we are at 42%. we have made a big shift in terms of the value and what the consumers are looking for and they are demanding better products. >> at same time we don't have any words that are successful companies that are still the verbs or nouns. i never call tissue, i always call it kleenex. >> it starts with the brand and also starts with the fundamental difference in the product. we live we make the best tissue products. we have unique processes. we invest a lot in materials
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development, product engineering and process development and because of that we still have a lot of cases make our own manufacturing assets. our products are very different and of course marketing plays a big role and we are trying to seven consumer needs. >> at the same time the production savings you are looking for at the meeting are very big. >> we had some big goals. the really turbo charge. there's three parts of your plan which is one we want to accelerate innovation. we have to find another gear on cost and we want to be better quality, lower cost and i think we can do more of that. then the third part is we have to rewire the organization to get faster and better. so those are really. >> why don't you give me a sense of innovation? some may say what's new under the sun. >> it's interesting because i have worked in a lot of categories and people ask isn't
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that a commodity? we view it differently. we feel like there's nothing more important than mom and dad taking care of their infant and we think we can continue a better job of that, question. why should there be diaper rash? for us, how we think about it is there's a good, better and best. we free confidence platform one. garment like comfort and fit were inspired by all the innovation that have happened in the apparel industry and then skin health and wellness. we think we can do a lot better job in all of these areas. >> you are in a space that we want the best but a new generation is coming up and they want to know the best and how it's sourced. you spend a lot of time about sourcing. some people's eyes glaze over. you are making changes in the way the earth is going to be because of what you harvest. >> yeah. this tastes back to my
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predecessor and my own boss who you know. >> yes. >> we were a company that's proud of our track record on being sustainable and we view ourselves as 1500 years ago we owned hundreds of thousands of acres of forest. we are now not in that part of the business. we view ourselves as being one step remove from a natural resources company. we are one of the largest producers of tissue products and you know we have set a new ambition. we believe we can produce our product line with being 100% free from natural forest fiber. we think we will get to a great product experience that is much more sustainable. >> you know my background. the first talk i recommended was goldman sach's. we are not going to have an
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asian version of kleenex. at the same time you have a great dividend, 3.8%. are you not surprised that the price turning is lower than i think it should be. do you think the changes can make people realize that the stock is just too cheap verses its peers? >> that's what we are betting on. i think we -- you know i think we deserve more and can do more for our share holders and that's why we are holding our investor day. we believe there's a higher degree of growth. there's a higher margin of -- higher -- degree of margin production that we can drive and we can do that through a fast organization. >> and just one last thing. when i look at the people may not realize you have six billion dollars brands. can there be seven, eight or just trying to make the billion dollars brands bigger? >> we are focusing on 12core brands and we have six today. we love a few more and you know of course if anything goes as we plan we will see that. >> i got to tell you i like it
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as much as when i first recommend it. it's -- you are a good stood steward. back after this. coming up important updates from norfolk southern. the railway ceo joins kramer next.
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i love the railroad stocks. i have since we started this job. the east coast railroads had an eventful year.
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there was a derailment in east palestine, last month activists in -- billion dollars worth of shares launched a proxy contest. that was a key metric and they shake things up. on some level -- norfolk southern stock has lagged. let take a closer look with allen shaw, the president and ceo of northern southern. >> great to see you. >> norfolk southern has a difference of idea with these -- with the activists. you can give your ideas in how you think you can do overtime. >> yeah. you know i became ceo less than two years ago and i laid out a strategy to safely balance product and growth. i came on your show the next day. we talked about the out sized impacts it has for share holders and our customers.
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yeah. we had a challenge. we met that challenge. we improved safety and service last year. we started to grow with the most service confident customers. >> that's intramodel. you are winning over from trucks. >> highway conversion derail are a part of strategy. now we have responsibly and safely created the platform for significant margin improvement in 2024 and laid the foundation for that long term growth that you just talked about, that long term share holder value creation. >> now we had this again -- terrible tragedy in baltimore. does that impact your business and do you become someone that can help get cargo to places that right now are blocked?
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>> yeah. baltimore is an important port for us. it handles a lot of export coal. our job is to provide solutions to our customers. we have got deep relationships with our customers. we also -- we are working with them on those solutions. we serve every major port and they have the largest coal export terminal down in norfolk. we are working with your customers right now to provide solutions to help them get around this disruption. >> commerce as you see it. the rails move so much commerce. >> from our seat we have a unique view of the economy. we touch every market. the franchise -- construction market is heating up. that drives some weakness.
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we are investing in the long term and improving why our service product. that's got a lot of confidence about wwe are going on the back half of this year and beyond. >> the challengers want more of what's called precision rail. they have a -- i follow jamie who was from csx. they want him to be the coo. they felt jim barb, r at ups for a long time. the governor, ohio if you have the problem in east palestine he could be of assistance. it has to be someone that might want. >> we have a really strong board. we have 13 nominees which includes former ceo's. we have direct rail and transportation experience. we have a former admiral and we have rail safety advocates. we have a really strong board. we have gone to the activists and we have offered a
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settlement. their responses have been unreasonable. >> the people and you said listen maybe we can have someone if you want and they said no? >> we have offered a settlement. they it. you can give -- is that private? >> we offered a couple of board seats. e you have? >> yes. >> to people you interviewed you went through the process? >> we went through the process. we offered seats. our board firmly believes that is -- drives long term share holder disruption. >> if you take out the east palestine incident which i know is hard, because it's a terrible thing your numbers were getting better. >> since i became ceo we have improved 27%. we delivered record revenue in 2022. we were making a lot of improvements. our safety improved last year.
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we are a proven service. we have to improve production. >> let's talk about the operating ratio is higher than csx and then union pacific. it was coming down until i don't know. how do we get that one down to say can you ever get it to 62 like csx or 62 like union pacific? is that in the cards? >> sure. we announced a plan -- for a sub60or. we have the leadership and we have the plan to deliver this. >> i don't know. i like -- i didn't know that you had actually offered the board seats. i know there had been discussions. i'm thinking in the context of disney where there were no real discussion, no real help and -- that's a company that is under preformed you haven't. now give me a sense of the lessons of the incident of east
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palestine. i thought that could dog you forever. you did some things that made it so people were able to recognize how responsible you were. >> i think, you know, let's talk about how i navigated a number of challenges with in the past two years. when i became ce, less than two years ago we were in the middle of a political, highly public labor negotiation. then we had east palestine. i had to take action to protect our share holders and protect our franchise. we made a number of promises and, jim, i have kept every single one of them. we enhanced safety. we are making it right in east palestine. we enhanced service and now we have that platform to really drive production in 2024 and really drive long term growth and share holder value. >> it's not like you have had ten years at the helm and it's time to refresh the board. you are refreshing the board as it is. at the same time i mean you kind of just got started and i remember the terrible incident.
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i remember the promises you made on this show and i have followed up and you have delivered on all of those promises and more and i think that's really important. >> yeah. it's about keeping our word. keeping promises and doing what we said we are going to do and -- i am saying we are going to deliver on production this year. we have a significant opportunity for 400 to 500 basis points of margin improvement and drive competitive margins. >> i healed your feet to the fire in east palestine. i don't have to hold your feet to fire on the proxy. you just -- it'll take a while but i don't know. pretty good job if you ask me. >> thank you. >> all right. that's alan shaw, president and ceo of north folk southern. they have a lot of good thoughts about precision railroad and you don't know. it's a difference of philo sop
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hy but he said that east palestine was going to make -- he was going to make it right and he did. i think in a lot of ways that matters. mad money is back after the break. when we return, master the markets. one stock at a time. the lightning round is up next. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪)
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it's time for the lightning round. then the lightning round is over. we will start with edwin in
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georgia. edwin. >> booyah. jim. >> right back. >> 21 years watching. >> thank you. >> i got one question. how do you feel about getting into archer aviation. achr. you know what? i'm a kind man. i'm a goodman. i can't recommend that stock. it just has no earnings power and we have to stick with -- there's so many good stocks. we don't need that. i would prefer nvidia. donald in new jersey. donald. >> boyah. this is donald from jersey city. >> hey. >> jim i want to know -- sure -- should i buy or sell, buy, by, robin hood. >> i think that greyhound bus has left the station. i got to wait. the thing just doubled in no time. its double. we are not -- we don't buy
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double here. let's go to dick in virginia. >> hi jim. thank you for taking my call. >> okay. >> great show. i have a quick question for you. -- in my ira but i want to replace it with general electric. >> don't you have room for both? they are doing such a great job. i don't want you to selling. i think larry -- that stock is so obviously headed for $220. you can't sell. you have to put in extra money and buy the ge. i forbid you from selling it. you can buy ge though. there. strong statement. now nathan in oregon. my daughter's old home state. nathan. >> wanted to ask you about this company that's going through a -- with its former ceo. should i hold, cell or buy more of crown castle, cci? >> actually this level with the 6% yield i would buy more. i think it's a good idea and i
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haven't felt that way about crown castle in ages. let's go to frank in new york. frank. >> hey jim, thank you for taking my call. thank you for everything you do for us. you have a lady that runs this company not so long ago and i liked her story and i wondered why this company can't follow. >> i didn't like the fact they did a secondary after i recommended the stock and -- i think the stock is okay but i didn't like that. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab. coming up the path to profit starts with this important step. a suggestion fit for any po rt folio, next.
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i keep thinking about that wise letter. the one larry fink sent to his blackrock share holders, when he came on the show. in preparation for that interview i spoke to as many 20 something he as i could. take the financial temperature. i didn't like what i heard about their savings or the lack. didn't like it one darn bit. complaints about student loan debt, supermarket too expensive and tickets to a concert ridiculous. they spoke about how their generation missed the bus. they believe they are going to do worse than their parents. they lack confidence in the country and jobs and the
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capitol and even in themselves. i get where they are coming from. but every generation goes through this. let's hop in the way back machine to 45 years ago. i was covering homicides. my apartment who broken in to. bad neighborhood. police weren't going to help. i was too small time. so was the theft. then on money drove down to san diego to cover sniper shooting at a school. horrible. stayed over night in my car. who would have thought that was the first of many months i spent living in that 1978 ford? when i got home everything was gone. clean. roner took my checkbook. i had nothing. nothing at all. couldn't pay the rent. evicted. i just had the clothes i was wearing. yeah. everything i would own was stolen and until it had been develop i had been a pretty good little saver. making my dad proud. i tried to put $50 away a month. pete pop said if i saved early.
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it would compound and make a lot of money. more than he made. seemed right to me. now i was in my cara with no money. i had friends willing to take me in for a couple of nights or showers but i was homeless. you know what? i kept saving. you know why? because pop said i should. like larry finx said our generation knows we would do better than our parents. we had confidence in the future but if i didn't save how could i do that? not only did i not stop saving but i tried to save even more. maybe at a 20, maybe another 5 spot. maybe a ten. i had to buy clothes for certain. babb powder. have you to have that but i had no rent to pay. that let me put more cash away. no insurance. throw something to that. i was a proud saver. you see that burglar may have thought he took everything from me but he didn't take my savings. i wanted to make my father
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proud and get this. i vowed to get rich right then and there in the backseat of that ford. a pile of clothes, whites on the left, darks on the right. bottle of jack. a pistol set for anything that came my way and i did get rich by investing. i'm all about the carrot when it comes to investing but let me give you a stick. you think you have bad inflation? then it was worse. you worried about your job? i was worried about where to park at night. you concerned about your country or lack confidence? jimmy carter was nailing president. what is that about? let me tell you something. living in that piece of junk of a car was not a confidence builder. any cheap s and t index fund is good and i'm confident in that over the long haul. it's the end of month. take $50. 50. like me and open an account. put money in an index fund.
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i know it sounds strange. saving money turns out to be habit forming. just that you have to start the habit first. do it for larry fink, do it for yourself. i like to say there's always a market somewhere. i'm jim cramer. uncontested in for brian. right now must call, beating back the shorts. the surprising reason why it is almost impossible to bet against trump media stock. a fury of stock ales have been disclosed. we will bring them to you. right into the wesco, president biden's re-election hopes to get a boost from the economy. a truce in the disney war. desantis makes peace with the magic kingdom but a bigger battle looms

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