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tv   Mad Money  CNBC  July 24, 2024 6:00pm-7:00pm EDT

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>> steve? >> ethereum grayscale mini came out, that's the way i'm playing. >> guy? >> it is the mets world series after all. general dynamics, gd. >> thank you for watching "fast. "see you back here tomorrow at 5:00. >> 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 primerica. i am just trying to help you save some money. call me at one 807 43 cnbc.
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wall street, it looks like it has had it for. we do not want to hear about the magnificent seven anymore. unsustainable levels. that is what is driving this vicious rotation we have seen over the past few weeks. we have experienced the negative side of that move. s&p plummeted 2.1% but the tech punching 6.4%. crunch tech, they slam the door behind them. today's selloff allegedly results from alphabet, and tesla. alphabet actually had an excellent corner. elon musk told a great story of self driving technology. not to mention humanoid robots all later in the show. if not for the rotation out of big tech, you have to understand i think both these
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would have been up today. it put a phenomenal search on google cloud with $10 billion. there were some youtube results but that had more to do with tough comparisons versus last year with teemu and sheehan. if you think of youtube as the number one streaming platform, which we note netflix talked about, then you know that results are there but let us not kid ourselves. it is irritation but the stock was up 30%. it seemed to underperform. seemed to. similarly, tesla got crushed. even though i thought everyone knew the quarter self would be weak though everyone did. it is hard to hold onto those gains after a big run from the 170s out of big tech which tax law is most certainly not big tech and not auto.
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and turning to the small caps on the same day. very soft june consumer price index number. the nasdaq fell almost 2% while the russell 2000 jumped 3.6%. look at that disparity. the chairman of market and investment strategy j.p. morgan pointed out that that day the single biggest outperformance by small caps. talk about a bell going off. of course, semblance that the small caps are a very small part of the market. they have not erformed as well as the big caps overtime because frankly they're not as good as the big caps. performed as well since december 2010 and most of those gains have come since 2019.
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we are seeing do with facebook, meta, amazon and google and now the magnificent seven which changed out netflix and added in nvidia and apple all of which have been acting really measurably. geez. netflix. but it was such a great quarter that it does not matter. amazon, they could have a great quarter. it will not matter at all. get used to what happened today so is there anywhere to explain the disparity? first of all, small caps are much cheaper including the all- important moment when donald trump looked like he had the election in the bag and he favors heavy tariffs pretty much everywhere which means it may be too high for the big companies that import goods and do huge business overseas. they expressed allegiance to some allies including taiwan which they believe still semi conductor manufacturing capability so you can see why some people want to go a lot of and into small caps although now the democrats have rallied around vice president harris so
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maybe that trade will not be such a slam dunk. also, artificial intelligence. and the idea that it can produce big profits after investing billions of dollars. both alphabet and tesla talk about massive spending on data centers. most are spending like mad these days and sent the whole group is linked together by ats, if you take down tesla and alphabet than the other five all get crushed. what are you buying in the rotation? tricky question. i went over some of the top 10 winners. they are losing a lot of money. it is like awful things to buy. this time i am changing things up for our show and focusing on the 10 largest s&p 600 stocks that will be in the s&p small- cap index. this is what people are going towards. the stocks have already been used beneficially towards the rotation but there is more of
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an upside because they perform so badly over the years. let us talk about playing catch- up and what it means. i will give you the top 10 of the larger ones. first is cybernet which offers for optical and mechanical devices. the stock sells 26 times earnings but is now giving up the gains it made after the joy 11 cpi reading and then some. this is an outsourcing play in the whole rotation is about the end of outsource. next is ati, the old allegheny technology. ati is gone from 57 to 60 in sells for 24 times its earnings. i really like it. that is a small-cap you want. third is ensign group and this one works too. forth his sps commerce which offer supply chain solutions and sells for 61 times the earnings. no thanks. 50s nine mueller.
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it is an old-fashioned one which does of copper aluminum cheap. i like it a lot. sixes insight enterprises. works with technology to assemble devices including those involving a.i. it is already dropped from 196 to 217. seven, tosh home sells for nine times the earnings. we have seen the move too much. a is a classic industrial. sps tech. it specializes in heating, air conditioning, ventilation. the stock is unchanged since the rally began. hit hard last week. no thanks. i will take carrier. at night there is installed buildings. shower doors garages, gutters. 21 times earnings. jump from 221 to 238. finally, there's comerica considered by many to be the worst bank in the country.
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4.5% yield. it has been unchanged since the small-cap. why? a very weak quarter . these are very representative though of what the s&p 600 gives you. it is what everyone says when they say they are rotating a small-cap. you just got the less. many have run in summer left behind. maybe the particulars do not matter because they should just sell the magnificent seven and by the whole s&p 600 basket put together by brokers. let me get you to the bottom line here. after today, many have gotten hammered so badly that they are actually cheaper than almost all the small caps stocks i just gave you. and again until we work through this it probably will not be enough to save the big caps. only lower prices will accomplish that. mark and i? >> how are you today? >> i do not know. a little rattled here. a lot of my favorite stocks got crushed today. so it is kind of upsetting me. what happened? >> there were a lot of brown shoes right there.
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>> that is exactly the problem. you were holding a case, marking iowa. how can i help you? >> well, jim, i am seeing the story change. the entry into a partnership with an oem company could provide them with billions of dollars to further develop their ev software. also, they were sharing their advance electrical engineering's with that company. the partnership will lead to lower vehicle costs and faster advancements. the companies will share many technologies but will produce their own vehicles. with time, how will this deal with vw change? >> i think it takes off the next essential problem of them going under. it does not make the stock a great place. i think rivian, if you wanted to buy 100 shares you can buy 50 here and then 50 down two dollars. most of the magnificent seven is cheaper than the small-cap
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winners i just told you about. being cheap probably will not be enough to save them for now. on mad money, juggernaut, salesforce, and workday are teaming up to create a new employee service agent to demystify the role of hr and finance and also take one service now frankly. i am airing out this new strategic partnership for a.i. and enterprise. interesting. then thermo fisher and tmo. big figures. what will it take to return to the former state? it feels a lot like yesterday. doesn't it? and boston scientific aim at an all-time high. the expectation is just too high of running into the quarter. i will get to the bottom with the ceo so stay with kramer.
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it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. >> it has been a little over a year and a half since wall street started caring about artificial intelligence and while we know it is potential we are not sure where it will make its most used which brings me to this big announcement from salesforce. they have teamed up to create a new a.i. employee service agent which will automate time-consuming tasks, provide personalized support, and give workers data- driven insight. they talk about simple use cases like on boarding new workers, making changes to employee health benefits, and many other tasks. in my opinion, it sounds like
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salesforce and workday forming a tag team to challenge service now. it did report a very good number. but before we try to extrapolate, let us get some more information from our founder and ceo of salesforce. welcome back to mad money. >> great to see you, jim. hello from san francisco. salesforce tower, ohana floor. >> thank you for coming on the show, gentlemen. i think we should cut right to, mark, a use case. tell us like we need this product. what we will be able to do now instead of what we used to do if we get this product? >> jim, as you know, a.i. is all about data and if you have access to the data you can have phenomenal a.i. if you do not have phenomenal access to the data, you do not get the a.i. we know we are doing incredible a.i. for our customers because of the huge amount of data hat salesforce has. 240 set of bites but now we are
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going completely into workday. so we are bringing the workday data set and salesforce data set together. that makes our data more powerful. what is important is with this new technology we talked about on the last show, jim, all of the sun you can have a servant agent doing all of your employee service anonymously. and also this incredible expanded data set. there's a whole new range of applications and capabilities that we could've never imagined plus slack on top of all of that. so this is really a next up for a.i. we are looking to kind of bring more and more data together and as we read the stories about copilots and agents not being able to know what to do because they do not have the data this is an example of two companies coming together to make sure our customers have the data they need to deliver this incredible vision of artificial intelligence. >> so if i have service now and
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all this on boarding and i say to myself i do not know about these two companies i like very much are getting together, how much better is this in the current offering? >> i think what is most important jim, and you mentioned this, marc, between the two of us we had the most important data sets in the enterprise. the employee data. the customer data. in the financial data. and what our objective of this partnership is is to meet our customers and employees in the full work where they are. now, through this new partnership and the data sharing we can do together whether you are in slack, workday, or whether you are actually in salesforce, you can actually stay in those platforms and get access to the data sets that we have. you have to no longer jump out of salesforce or workday going forward. we will meet you in the workflow and solve answers leveraging a.i. both einstein a.i. and the workday a.i. that is legendary in the market. >> both everyone knows on the
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east and west coast that you're an amazing venture. would you have joined in this venture? >> that was six years of my career i was doing investing at the great venture capital firms. but, here, today, we are focused on this partnership. an amazing partnership. i think this was a revolutionary partnership that will change the dynamic of how people leverage a.i. going forward and it goes back to this. between the two of us, the data sets we have are unmatched. and the only way to drive great outcomes with a.i. or generative a.i.'s if you have a highly curated set of data is we both have. so if i were an investor, i would actually invest in this partnership alongside what mark and i are doing. >> mark, this was a big backlash day. we had questions on the alphabet call about whether all the stuff is worth it. who has really made any money on a.i.? who is held by it?
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why is the backlash so severe and get you and i both know that this is the next industrial revolution? >> jim, you are 100% right because i will tell you that we are on the march right now to dream force. and both of us are really excited and i will tell you why. with the power of what is happening in our industry and what we are really referring to is it is really humans with a.i. that are driving customer success together and humans with a.i. that are driving employee success together. this is a very different idea than even what was possible just a couple of years ago. you know, we have been doing productive a.i. for a long time. i have been using einstein to figure out what our sales forecasts are for maybe five years. and then the move to generative a.i. but now this move to autonomous and having agents acting on our behalf. you are seeing the expansion of our human sales forces and human service forces extended
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to artificial intelligence and agents. that is what we talked about for example in the last show. the idea that we are able to open up a new sales territory with a sales agent or service or with this example of the federated data set the ability for employees to get the access to the information they need to using this technology. this is humans with a.i. driving success together. that is a powerful new idea and we have to get our head around that we are working in a whole new world and not everyone understands what has happened with this technology yet and it is incredible. >> there is a profound impact here, jim, for both employees and employers. we were talking a lot about changing the employee experience to this announcement but also if you're an employer, there are many things you can get to the integration of our data sets. for example, you can do precise workforce planning. take a look at all the skills that you had in your workforce
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and match it against the demand that you had from your salesforce data. for example, think about doing continuous financial planning. leveraging workdays financial planning platform. looking at the forecast you have in salesforce. pulling those two data sets together in determining whether or not you were on track to meet your financial goals or objectives. and, last, an example, mark, that i think is really powerful. if you i workdays sales rep, we use the platform and are working on a very complex steel. this system will now provide you prompts on what to do to help close or accelerate that opportunity. so there are many different use cases for both employers and employees. that is the power of all the data sets we have coming together. >> if i join the company, i want to know my benefits. normally i would have to get that person on the phone.
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maybe i get them on the phone. maybe i use slack. maybe someone gets back to me. but this way if i use what is in your data it is answered in what? a second? >> it is answered in a second. in fact, we think employee on boarding is great for this. we can accelerate for days to hours or hours to minutes. we also will provide a hr agent to this partnership that answers all the questions. for example, if you want to know how much pto do i have. what does my paystub look like. what are the policies? how do i update in this platform? that can all be done in this new service agent. >> again, that is also why i am so excited. this idea that we are able to deliver this new generation of platform that we have talked about, jim, and how credible it is and then to see workday delivering this incredible capability and integrating with
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the data cloud. all of our customers are going to benefit. just last week right here on this floor, you know roland busch the ceo? that is a huge joint customer. we work with them very closely worldwide. standardized on salesforce and standardized on workday. but the vision for that means they cannot only have a customer service agent, and employee service agent, sales agents, and all of these things working inside of their company. that is a powerful next generation of what we mean for the global workforce. that gives us growth opportunities. all kinds of new opportunities to automate these tasks and deliver it and it is because we are delivering this federated data set and with a common user interface for slack. these next three things together to develop this capability into the automated enterprise. as i said, we humans with a.i. are driving the success together. >> i understand. i do want to focus just a second on the competition.
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the competition service now does not offer the sales component. they do not offer the waterfall component for the cfo. are you going to come underneath them in price when you do this or will it be something where you say listen. >> no. no. no. jim, they do not offer anything in this category. you are confused. let me explain to you what salesforce does. we are the number one see him in marketing and commerce. and in all of these customer touch points. this is the number one hr provider. okay? and an incredible financial provider. >> usc and ucla are not competitors? correct? >> look. that is like saying -- that is like saying wienerschnitzel's competing with mcdonald's. this is two different things were talking about here. how do we deliver the next generation of customer experience? the next generation of the
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employee experience? how is it that humans with a.i. are going to drive this success together? >> it sounds like apples and oranges to me then, gentlemen. >> jim. this idea, this vision, jim, that you need to federate your data, that this data sets together, you need to automate your touch points and deliver these agents. you need to go over the analytics. we have things were working on together as well. all of these things together make up the next-generation enterprise. and that is what is going to drive innovation and growth and profitability and margin and productivity. and our employees using this amazing new technology. >> excellent. >> and, marc and jim, if you think about this exciting strategic partnership, it really started 25 years ago when pioneering the movement. five years later, our founder
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here, david and neil, they pioneered erp to the path. fast forward 20 years later. i called marc five months ago and said we have the three most powerful data sets in the enterprise between our crm, between financials, and between hr. we need to come together because there are no two companies that have that level data set for the enterprise other than workday and salesforce and that is exciting part. and it is all automated. >> i am going to have to move on but thank you for explained to me in everybody the importance of this venture. you will see me in dreamforce. absolutely. and the ceo of workday. fantastic.
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>> whenever the market is going down, you tried to go over the gravitational pull of the averages. today, thermo scientific pulled it off. i like to describe them as the steward of the industry and had
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a post-covid hangover because so many alphas bought more equipment than they needed during the pandemic. the life science stocks were ready to make a comeback in today thermo fisher delivered according to a strong revenue beat and a revenue over a five dollar to send basis. if you believe wall street's consensus, this should be the last quarter of revenue shrinkage for a major pickup in the second half. if that is the case, then i bet this stock has plenty more room to run. so let us go straight to the source. bart caspers the chairman and ceo of thermo fisher scientific. welcome back to mad money. >> jim, it is great to be back with you. thank you so much for having me. >> it is so hard for people to understand. they will see some minus signs and things that do not look like thermo fisher but the fact is because of covid there was a distortion and now all the markets seem to be turning which gives you the same old kind of long-term road map we
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are used to was thermo fisher. >> yeah. jim, it was a really encouraging second quarter. another quarter in a row of playing out as we expected. and allowed us to execute well and beat our numbers and ultimately raise our guidance. when i think about our end mark, would we see the improvements. what is great for thermo isher is we sequentially sequence our growth for all four and markets. >> you are also talking about picking up some market share gains. that from other companies? here or overseas? where are all those gains coming from? >> yeah. when i think about the company's long track record over years, we have been able to grow about three points faster than the market and that has been consistent in the most robust of times to even the most challenged times, and when i look at this particular quarter and we had another strong performance of growth relative to others, you can see
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it in a few of our key businesses. in our clinical research business we acquired a few years ago, we look at things like authorizations. the new clinical trials that we win and had a strong performance. when i look at our bio production business, the business used to help reduce medicines, again, a very strong step up in performance. one of our largest businesses, analytical instruments, having 3% growth in the quarter. clearly outdoing many of their peers. really great execution by the team, and i cannot be more proud of the efforts. >> i also noticed that thermo fisher came out with some incredible new product. we call it high-impact innovation. what you have for this quarter? >> yeah. so actually q2 was a very strong quarter. i will focus in on our products. that is our highest in instrumentation used to advance life sciences research. at the scientific conference that happens each june, and
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this year we launched the thermo fisher stellar . that are used for research to help identify the right biomarkers to ensure the efficacy of a medicine and the excitement from our customer base has been hugely positive and bodes well for our growth going forwards. >> are we seeing enough companies -- biotech companies come forward? they knew they needed to be able to grow. >> yeah. so, jim, when i think about the trajectory of biotech in terms of funding, right, you saw in the fourth quarter m&a returning. you saw the venture capital money start to really flow back into biotech. a reasonable quarter, again, on the second quarter. in fact, i think about funding. in the first half, we had about as much funding going into biotech as all of last year.
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just the first half. i think that bodes well for the ipo window although i do not know when that window was -- >> it is good. it is good. now, let me ask you about another thing that is different. we heard about it with boston scientific but we have good numbers in china. a lot of people are waiting for china's stimulus. you are getting the orders right now. >> yeah. so when i look at china while the economic environment is still challenging, the government has announced stimulus programs that should affect us late this year and into 2025. the team did a good job. we were able to deliver about 5% growth in china against -- certainly above the expectations of our external investors. i am proud of the team's efforts to really serve with strong demand for our instruments business.
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particularly in china. >> i was really pleasantly surprised. $7.25 billion in cash. that means for buybacks or if there's something out there to buy, you will be able to snap it up. >> yeah. when i think about our capital deployment approach, it has created a lot of shareholder value. we have a balance of return of capital as well as m&a. this year we have already returned about $3 billion of buybacks just in the first quarter. we just closed a $3 billion acquisition of a company adding to research offering. one that is a high growth business. and we have a strong balance sheet that allows us to continue to find opportunities to add to our portfolio and create even more shareholder opportunities. and thermo fisher visually poised to be able to capitalize on those opportunities. >> i agree. it is just the second great quarter. it benefited from all the great work you did when covid was raging. it is who you are and who your company is. i remember it was just thermo
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fisher which did all the right things and i think you so much, marc casper, ceo of thermo fisher. thank you so much. >> thanks for having me. >> thank you so much. >> coming up, boston scientific has seen sales surge. what is at the heart of the game? stick with kramer. tamra, izzy and emma... no one puts more love into logistics than these three. you need them. they need a retirement plan. work with principal so we can help you with a plan that's right for your team. let our expertise round out yours.
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>> perfect numbers. today, take boston scientific. levers an extremely strong revenue be with 14.7% organic
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growth. that is a good-looking 58. they even raise their full-year forecast substantially on both revenues and earnings. trading down by 1%. boston scientific had already run up 66% for the year and the s&p was close. do not take it from me though. let us check in with mike. he is the chairman ceo of boston scientific. welcome back at last you mad money. >> thank you for having me, jim. it is an honor to be here. >> the honor is mine. you have delivered and delivered and delivered. uart manufacturing medical devices, minimally invasive. tell me about the positives of this quarter. a brilliant acquisition. >> to we have 30 minutes? >> i wish we did. anyone who has got a heart
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problem knows their company and if they do not they should because that is how excellent your sciences. whichever one you want. >> i will give you a breakdown. first of all, i am so proud of what we have done as a company with our global employees around the world. over the course of 10 years around the world, jim, over the course of 10 years we have consistently increased our organic revenue growth, the markets that we serve, while improving margins. we really have had a strong track record of delivering consistent results and strengthening results. we are looking forward to the next chapter. you know, the second quarter was fantastic. for the first half, we are at 14% organic growth and 18% growth. just a balance of the growth around the world. we grew double digits in europe, asia, and the u.s. we
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have a activations in the company, but our four segments within cardiology grew over 20% for the quarter with standout performance from two big areas. one is the electrophysiology business, which is our ep business. it grew in the u.s. 200% and 100% globally. those two businesses are uniquely special in med tech where we have a significant advantage and significant room for growth. >> now, you actually had good numbers in china. no one had good numbers in china. you actually had great numbers in china! >> we had great numbers in china. we have a terrific team in china. it is always about the strength of your team, the engagement, and your innovation portfolio, and that is what we have in china. we have a diverse set of businesses. now, a small part of our portfolio. we have a wide business with
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that business group mid-teens in the quarter. lots of challenges. but there are over a billion patients in china and we are a healthcare company first and they have a very significant demand for our department but the local team finds a way to work with customers and really outpace our competition with china. we expect to do that with the entire goldman company for many years to come. >> now, the silk road opposition. no one even knew 10 years ago how important this was. this is just incredible science. can you tell us about it? >> sure. so we have many products that impacts stroke. watchmen. that reduces the chances of stroke. we have not close ship but we have closed the second half of this year. they are really the pioneer of
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what is called t-car. they often will have carotid artery disease were plaque will build up in a carotid artery. it is a very dangerous position. the common treatment prior to this was surgery. anytime you have surgery, it certainly works well but it is a longer recovery period. and they have an interventional technique to remove that plaque and free up that stroke risk. a really great pioneer there with clinical signs. it is growth that will be created for the company and we will also take that product outside of the u.s. in our operations team will do a great job working with them as well. so it is a terrific position. you know, m&a has been great. we have acquired about 30 company since i have been ceo and we have a very active venture portfolio. we are very active globally scanning investments and bringing smaller companies into boston scientific and taking the best of what they have buckling them up and expanding them out. >> i also think it is even
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better than that. a lot of companies buy a lot of companies in your area and then you never hear of them again. i see numbers and you have got so many double-digit winners off you buy them. so someone is making judgments. how come some bigger company did not get that? you are very nimble. you're very quick. a you have a real good mission when it comes to the heart and when it comes to -- let us give an example. when you talk about watchmen, this is something that you -- people have to know this. the device is designed to close the left appraisal appendage and those with af. you actually close the appendage and that is okay! >> this is a product we have pioneered through multiple years of product technology in clinical innovation and we finally got an approval in the u.s. so, jim, patients with a
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febrile have it. they have a high risk with blood thinners. a high isk of bleeding or a high risk occupation or they are not compliant much about half the patients are. so the beauty of watchmen, which is a procedure that lasts maybe about 40 minutes, our patients are in and out within four or five hours routinely from the hospital. this device reduce the patient's risk of stroke and enables patients you cannot blood thinners which is a terrific risk for patients. the healthcare economics works for hospitals very well and the doctors can perform it incredibly safely. and as importantly, we are doing the clinical signs were to make this potentially first- line therapy for blood thinners. so this market which we created can turn into about a $6 billion market in the coming years as these new clinical innovations expand. >> as you are able to deploy these ideas and make them into major hits, i am just very impressed with you.
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boston scientific. when are we going to get them all? look, jim is just desperate to have you on because you're such a winter. michael mahoney, the chairman and ceo of boston scientific. thank you for coming onto the show. we will be back. best thing i've ever done. that's what freddie told me. to change my life, it was the best thing i've ever done. really? yes, without a doubt. i don't have any anxiety about money anymore. great people. different people that's for sure and all of them had different reasons for getting a reverse mortgage. but you know what?, they all felt the same about two things they all love their home, and they all want to stay in that home.
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>> it is time for the lightning round. buy. buy. buy. sell.
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sell. sell. and then the lightning round is ready. we will start with charles in new york. charles? >> good evening, jim. i am curious about what you think about woodia. >> in that same kind of been then diagram, i would actually put it down off the alphabet. i think that is the one you want to buy. now, we go to josh in california. josh? >> jim thanks. now, with 35 trillion in debt. and then we have the transition. is a time for worn by a fit and buying pressure? give it to me for the win. >> i have always been a believer in the gold stocks. it has not always worked out but right now it is. i prefer actually a mutual fund . i think that may be the best way. that way you avoid getting stuff for the stinker. let us go to dave from illinois. dave. >> jim cramer, my good mad
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friend. >> k. >> technology. have you heard of it? >> yeah. it is not making a lot of money, dave. you have to woo me on this one. >> good evening. this is mary from idaho. and i -- >> dave. >> oh, i am sorry. >> i want you to get your recommendation on a stock, rockcon. >> i think it is absently terrific and will get hampered. my love is still also with dave from illinois , and it is telling me that it is like the land of lincoln. it is the land of dave. sometimes things happen and i apologize. let us go to jerry in ohio. >> i am interested in avav. >> my friends who watch say, jim, it is way too expensive.
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the price needs to come down versus the iranian drones. and, that, ladies and gentlemen, is the conclusion of dave's lightning ground. >> the lightning round is sponsored by charles schwab. coming up, tesla for the long- term? why their bankable ceo is himself a reason to believe.
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>> last night, i was reading through this tesla conference call for the second time because it is me. and my wife said i found down. i admit i was bumped. what did he do this time, she said thinking it was something political. i said, he did not do anything. no matter how hard i worked, no matter how hard i studied, i can never even be as smart as
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this guy. even watching tesla fall to percent today, it is impossible not to appreciate. it is the only way to understand what tesla has got going for him. the auto business, the plain old tesla, it disappointed people. they are not selling as many cars as people thought. no two-minute battery charge. no engine that can give you 600 miles per charge. it would not surprise me if musk actually cracked the code for both. instead he is talking with the most advanced humanoid robots on earth. we see out of everything else tesla has done, it awards trillions. you have got to wonder how much of that is real but even for a fraction of that humanoid robot story, shareholders will make fortunes. and let us talk about the autonomy of the self driving vehicle in every country including hours. must says, and i quote, we have got billions of miles to show that in the future unsupervised fst is safer than human, what regulator could really stand in the way of that?
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they are morally obligated to approve. his betting autonomous driving can be a $5 trillion business. then there is tesla's energy business. this energy storage the claimant has more than doubled. small but incredibly well. plus, musk called out nvidia for the manufacturing of high- end chips because he cannot get enough of their best semis. i believe it, but not anytime too soon. today is the day that people said tesla is just a car company and not anything more. a great story but nobody cared. a downbeat environment for the mega caps of which he is one. you have to do this for the future which seems very bright. what matters is that you have to wait. you have to be patient. you have to be long-term oriented. as i see it, the key risk but tesla was that musk might lead
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over the package. now i recognize he is just better than everyone else when it comes to envisioning the future. also a lot more fun to hang with. soap musk, bankable on the rotation. a good change for your portfolio and it is probably right here with picking. i am jim cramer. see you tomorrow. are literally helping to solve one of the most prng problems in the world today. this year, we'll do over $10 million in revenue. this is going to be a $100-million-plus business. that's always a scary response to a simple question. o'leary: i'm having fun with it because i love to squeeze barbara's head once in a while. oh, what a bastard. [ snorts ] ♪♪ narrator: first in the tank is a modern revamp of a stale product. ♪♪ ♪♪

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