tv Mad Money CNBC March 27, 2014 4:00am-5:01am EDT
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may 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." welcome to cramerica. people want to make friends, i'm trying to save you money. call me 1800-743-cnbc or tweet me at jim cramer. sometimes a corporate news vacuum on wall street can be a dangerous thing for stocks, and today was one of those times. with the dow declining 99
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points, the s&p sliding 7.0%, that's because today was the day that president obama picked to talk about how we're not going to let the russians run over ukraine and the u.s. is determined to do something about it, but we don't know what. now, if there had been much in the news today besides facebook spending a fortune on an odd helmet or king digital, the maker of the game "candy stock crush" self-emulating on the trade, at least partially obscured. after all, we came ahead of stream and followed through with gains at the opening. gains that faded and turned to red, right into obama's remarks. look, i know obama can't take the russian incursion lightly but the comments scared the heck out of buyers so the stock
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market slid down hard after the president's statements and if you look at the tape on the break down of all trades, you know that's the case. we have to puzzle through this. did the market go down because it feared a huge war with the russians? no, i don't think so. but the president isn't going to calculate his words to please wall street. his comments made me think some of the more international companies should expect hardship as we try to put through sanctions that could cause worldwide growth to slow down, and easily hurt the profits of our international companies based here. we know that anglo america, the premiere canvassed german companies ahead of time to see if they would be for strict sanctions even though it could hurt the businesses. it's important to protect ukrainian sovereignty. our executives were not apriced like the germans so the impact was swift, as swept as a foul
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ball from left field hitting stock buyers on the noggin. they were crushed after the comments. there was news today so the market took its queue from what obama gave us and, the queue is nasty. his words were at least pretty frightening. and his promise of a nato buildup is something we can no longer afford. the talk caused people buying bonds driving down interest rates. a week ago we found business was getting better and rates flew up on the news. the rates are back down on the russian woes and the market took that as a signal perhaps the economy is weakening now. it's not just the absence of news, a recognition no one is sure so what to pay for any merchandise because we don't know the news flow.
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let me describe two situations that will make it palpable. 16 months ago phv paid for a poorly run apparel company that owned the rights of the best parts of the calvin kline empire. the acquisition looked like a total no-brainer because it allowed pvh to reunite all of the calvin kline products globally under one roof giving good footholds in brazil. what happened? the stocks spiked up from 91 to 116. why not? the last time pvh run by them made a major acquisition and scored the buy of tommy hill burger. for awhile it looked like it was working and the stock kept rallying up to 138. but last year pvh missed the quarter in an almost unthinkable event acknowledging the jeans lines not up to snuff.
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manny came on the show and it was objected about the miss, about 25 cent miss and promised us here things would improve. sure enough when manny came on the set to talk about the quarter, his stock retreated back to 116. how about that irony? where it jumped to when the deal was first announced. all those gains that came after as the strong traded up to 138 evaporated. plus, unlike any other time in his history, there were analysts actually betting against. that's right, betting against one of the best stories in the apparel industry. saying it was over, and what happened? instead of the downsides, surprise many expected or even said when was when the report came out, that was wrong, pvh put up terrific numbers and manny said the problems were at least behind them and would produce the turn. that's how pvh rallied $4.18 to 121 on a really horrible day for stocks. all right. let's contrast with this with the saga that is facebook.
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all right. here is a company with a stock that performed extraordinary after three months, good quarters propelled from 26 to 72. courtesy of a push out of the desktop and onto the smart phone. it was right at the moment when everyone on wall street realized facebook shutout $19 billion in cash and stock for what? a message service company with 450 million members. the deal wrangled people. no clear path how this deal would work. because of that seamless desktop to mobile move. zuckerberg unlike manny from pvh got no credit. he paid $2 billion for a virtual reality mask that might not be the future of gaming and other interesting applications. given he hasn't given credit
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facebook isn't playing by the rules. there is no spelling out how it could be a creative deal the way hill figure was explained. there is a hey, take my word for it pal altitude that didn't go down well in a market that's carving out every stock that's expensive on earnings and sales because it doesn't make any money. hence, why facebook had a hideous drop of $4.30. there are elements like the king digital deal, candy crush, and finished at 19. that was a brutal swift sword to the gut of the ipo. if we're ever going to see the end of the froth that played havoc with the market, it was really the absence of news and the stock market pours a vacuum and fills it with politics. so here is the bottom line.
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today, it was obama's talk of let's call it as we kind of sounded like a potential war and not necessarily a trade war, unward the market from a global rally. we get real corporate news than maybe we can readjust and go higher, but obama brought military issues front and center and this market can't handle such talk in the fragile state that it suddenly finds itself. how about david in louisiana? david? >> caller: jim, how about a new orleans southern hospitality boo-yah. >> i'll give you that in spades boo-yah. what is shaking? >> caller: pandora radio got a significant haircut here lately and at these levels, i feel the market is being quite mean to the stock. what are your thoughts here? >> you know what? i'm going to agree with you. i think this stock had been a big, short squeeze and should have been alleviated but the
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company is doing well. now remember, it is a high multiple to sale stock, and i got to tell you, david, those are going down, so be ginger. if you want to buy it, let it come down. if it doesn't come down, you still own some stock. let's go to jake in california. jake? >> caller: just finished reading your new book. love it. >> thank you, thank you for help making it a best seller still week after week on the list. thank you. >> caller: yes. now with a long-term objection in mind, what about toyota, tm, a good time to buy? >> you know what? that's a really good question. i happen to like tm very much. i have to tell you, though, my travel trust owns a stock that's about as controversial as you can get. tm is really good. okay? i'll really making that point. but general motors has gone down seven straight points and i believe the headline risk is running its course. i prefer gm, better dividend, lots of come back.
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what's happened to this market today? i think it got gun shy. it just does not have the stomach for the military issues that president obama is raising, and it had no distractions from that story other than facebook and yes, the good news of pvh. maybe the loan piece of good news other than banks that passed the federal reserve test later in the evening. ""mad money"" will be right back. coming up, chemistry class, every one in wall street is talking about the big breakup. >> big celebrity split. oscar winner gwyneth paltrow and chris -- >> okay, maybe the second biggest breakup but could this split in the chemical space be the catalyst to make cash? and later, ip ut oh. candy crush didn't get crowned during the market debut today. instead, its shares sold off after hitting the ticker, but the game isn't over. cramer spotted another upcoming offering that could satisfy your hunger for profit, all coming up
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as i told you yesterday, this market cares about value. rather than chasing the stocks with companies with the fastest growth, value is being talked about. while talking about value, i'm a big believer in companies that take aggressive action in order to unlock the value and pretty much the most aggressive thing you can do to create wealth for your shareholders is to break up the company. i've talked about this theme a lot. i wrote about it extensively in get rich carefully. some companies i wrote about are doing my plans, but i keep coming back to this theme
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because it's such a stellar track record of generating tremendous gains. when a company has multiple businesses under the same roof splits itself up, you get a multi-year gain. i'm not talking about the news that gwyneth paltrow and chris martin are getting divorced, but i was thinking since i was in "iron man" with her, maybe this is my chance? it's the old food company, fmc corp, that's the 10 billion-dollar chemical company that's breaking itself up a little over two weeks ago. i've been waiting for this decline is your ideal breakup candidate. at the moment the company is three divisions, a big agricultural division where they make things like insecticides and herbicides and a commodity minerals business where they make lithium and soda ash. maybe that game on sesame
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street, one of the things is not like the other? guess what, fmc's mineral business has nothing in common with the agricultural business. that's why they decided to split the company up. after the breakup, the ag and nutrition businesses will headache up the new fmc while the minerals division will make up a company called fmc minerals. remember, we've seen this story play out and heck, we've seen the exact same thing happen with other chemical companies like due month. both have been rewarded hand somely to focus on more consistent secular growth products. that's precisely what fmc is doing now. the minerals business booms and bust depending on the health of
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the economy, slings and arrow stock. it's been dragging the company down for along time. this business could improve dramatically and fmc minerals could do well when it spun off as a stand alone company. fmc's agricultural and nutrition segments are so different from the minerals biz, they don't belong under the same roof. they need to grow more food and the valuable need for nutritional and pharmaceutical and omega three, if you're not taking it, perfect for your ticker. it would make up 75% of the new post breakup. that's consisting growth in the mid teens. while the nutrition l side is consistent. these are secular growers. they deliver pretty much the same results regardless of the health of the global economy. right now fmc gets 3/4ths of the sales but weighed down. that minerals division. that makes fmc the company i read about in get rich carefully, where i devoted an entire chapter.
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once fmc splits off the minerals business, you know what? i think both of them will receive not just one, both will receive a higher evaluation from wall street. analysts and investors like things simple. i didn't say they are dumb. they like things simple. they will pay a premium and a discount. one more point here, for years fmc is chosen not to expand the mineral's business precisely because the ceo didn't want the commodity minerals division to become a larger part than it was. makes sense. as a stand alone, the minerals business will invest in its own growth in a way it can't do as part of the current fmc. the minerals business is a
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high-quality operator for what it is, strong capabilities and a history of operational ex plens like the rest of fmc. it's a division buried within a company that wants to be a secular grower and get a higher price. both the new fmc and fmc minerals will benefit. following the stories so long that we know the pattern really well. so if you're thinking it's too late to make money off the fmc breakup, i want you to think again. as i explain in "get rich carefully," there is a speculation period where the stocks run up in anticipation of possible breakup. this is a reason they rallied more than 36% over the last 12 months and the announcement where the stock pops on news and in fmc's case it spikes from 77.83 to 83.10.
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that was a 6.7% gain. but here is where you're getting a terrific opportunity that doesn't often come up. in a couple weeks since the news, fmc declined to the point the stock is trading at 76.54 below, below where it was before the breakup announcement. that's absurd. not only have you not missed the moot, but if you buy at these levels, you're paying the preannouncement price. the third stage is stage we're in now, is the runup to the actual breakup stage. this will go on until the split happens the beginning of next year. historically they go up. finally stage four, the breakup happens and creates value by letting each component focus on what it does best, laser like. also giving wall street the bite-size pure place that investors love to global up. so, how high? how high can fmc go? i've seen some of the parts that suggest this stock could be headed to the mid 90s courtesy of the breakup.
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we're talking about a possible 22% gain. look, the stock will be down tomorrow the market is so ugly. that makes a lot of sense to buy, at least put a half position on since fmc is selling with a 12% growth rate. that's cheaper than the average stock in the s&p 500 that sells for 17 times earnings. remember, i think there will be much more gained over time after the split finally occurs. here is the bottom line, we've seen over and over how breaking up can unlock tremendous hidden value. i have a whole chapter explaining it in the book and now the fmc corp. i like this story, and i think the stock is a steal right here, since it's now trading back below the price where it was before the breakup was announced. a highly unusual event that i simply think must be exploited. stay with cramer. >> what we have is a case of what is called breaking the issue.
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>> the open may not have been sweet for the maker of candy crush but cramer is eyeing an upcoming ipo that could be more tasty. here's a word you should keep in mind "unbiased". some brokerage firms are but way too many aren't. why? because selling their funds makes them more money. which makes you wonder. isn't that a conflict? search "proprietary mutual funds". yikes!! then go to e*trade. we've got over 8,000 mutual funds and not one of them has our name on it. we're in the business of finding the right investments for you.
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we know that the ipo market has been on fire lately. with the slew of tech and biotech and public offerings, being rewarded with buying that sent their stocks soaring on the first day of trading. so far we've had 55 ipos since the begins of the year, a dramatic 83% increase. incredible. there is a window for fast-growing momentum. regular viewers know that this is something that concerns me. it's a bad sign when you have this amount of froth in the ipo market because address goes from. >> house of pleasure to house of pain. >> when the lockups expire letting the insiders sell. we'll see gigantic secondary offerings. something could happen to fire eye, a fast growing company that came public in september but since the lockup ended three weeks ago, it's fallen from 95 to 61 and change. this despite being the best
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security stock in the space as we know from target's hacking, even though the chain did nothing about it. just because i'm wary about the deals, that doesn't mean you shouldn't try to profit from them. at least short term. opportunistic we have to be. don't be too discouraged by the hideous performance of the king digital ipo. king digital is not much like the red hot momentum stock. what they have been globaling up. it looks like the hated zinga, more on that later. the king ipo does suggest that the ipo window could soon be closing. but it's not closed yet, people. i think there is still some big deals coming before the window closes completely, and i believe one of them will be grub hub, which i bet many of you use. that comes public next week. grub hub is what these momentum
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buyers crave. terrific concept. it's the number one online mobile take jut platform. you use the app to order take out and you need to call the restaurant, spend forever on hold and get the order confused because the person on the other end of the phone doesn't understand what you're saying. although, of course, if i answer, i'll take it down. that's why grub hub has 3.4 million active users with 28,800 restaurants across 600 cities and the company is profitable. last may grub hub merged with seamless, the only other player in this business. the online food ordering is a fragment market that is in the early innings of what could be a tremendous growth story. this is the business we're
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getting the first with the most to paraphrase confederate general, a real bad guy. grub hub has the scale and mind share to fend off most competitors. it's true yelp is rolling out an online ordering platform but grub hub will remain the leader. heck, i don't understand why amazon or google didn't stop them up before the ipo or perhaps they wouldn't pay what the stock market would. that's a sure sign of froth. this is what i want you to profit from before it goes away. i don't want to say i hate froth. i hate froth, let's make some money while it's frothy and then we'll go. how do may make money? simple, when somebody orders the company gets a 13 to 15% commission and restaurants can pay more to get higher search results. this say proposition valuable
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for smaller restaurants. grub hub gives them an instant online and mobile presence, and all they take in return is a relatively small cut of the new business they generate. not everyone can afford to be like dominos. this is foul money to a restaurant. trust me. grub hub processed $1.3 million last year with an average of 135 transactions per day and the company grew the revenue by 34%. this is a tremendous growth story, and i got to tell you, far from over. right now, grub hub isn't just 600 cities. they have the ability to expand and within the 600 municipalities, the bulk of the business from new york, san francisco, grub hub has room to go, even in places they already do business. how big could this business ultimately be? in 2012 americans spend $67 billion on takeout. slap a 14 commission on that number and we're talking about a $9 billion revenue opportunity.
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of course, i don't think grub hub will process every single take out. we know people are using mobile devices to do everything. plus, there is so much hassle and the company's website gives you so many choices you didn't know existing. so how much could grub hub be worth? the ipo is expected to price next thursday between 20 and $22 a share. at the mid point it would have a market cap of 1.77 billion. i think you should call your broker after the king deal, the guy is probably saying i don't want to do any more deals. i want you to get a piece of this deal. i believe it will be explosive, i'll tell you why. grub hub is doing a sliver deal. that's where they only release a tiny sliver of the float to the public n. this case, grub hub is selling 7% of the float. these sliver deals artificially
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create enormous demand because if you're mutual fund trying to buy a full position, you can't get enough shares to build that meaningful position. that means the funds need to get a little on the sliver and come in and buy more stock in the aftermarket and they are willing to bid the darn thing up like crazy because the fact they get some shares in the initial deal lowers the cost basis, instant money. look, i've said over and over again i hate the slivers. they are horrible. what we saw with fire eye when the lock jut period expires, the they will do a big secondary. that's tip pill and that will bang down the stock. that's neater here nor there at this moment. right now, grub hub is about to come public and i think it has the makings of an ipo that will roar on the first day of strayeding. in fact, it's not that expensive at the price range they are talking about. they will sell for 5.7 times, that's cheaper than open table at 6.8 times sales.
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this is just a trade. and if you can't get a piece in the ipo, i don't want you paying up for this one in the aftermarket since 42% is made up of insider selling. here is the bottom line. the grub hub ipo is the kind of deal that's been spiking in this market. the opposite of this king thing today. i think you try to get a piece of the deal, but if you can't do that, walk away, say you missed it because these momentum iprs are too frothy to be anything other than trades, and that includes all the ones we had in the last couple weeks. jacob in virginia, jacob? >> caller: hi, mr. cramer, how are you, sir? >> good, how are you? >> caller: great. i watch your show often, i read "the street" almost every day and i'm in eighth grade and in economics class at a great school and we play the stock market game. we own 21 stocks, but one of our best stocks are -- jack in the box.
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>> i like that handoff. man, first of all, thank you for the kind words. if i can get eighth graders watching, we'll be winners. jack in the box is a very good stock. it's coming back down just because the overall market is going down. it's doing a remodelling that's working. it's been one of my favorites hold on to it. ut oh, i remember this gentleman last time. fozie bull in colorado, fozie. >> caller: hey, jimbo. big boo-yah to you. yahoo, are people out of their minds or is this thing way under valued? >> i think it is getting under valued, but what is happening is people are saying maybe this alibaba is going to be a bust. i think yahoo is a buy. also, by the way, i'm a believer myer is going to turn the business around. that puts me in the minority but i believe next year at this time the corpuses like yahoo like aol could happen.
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it is time. it is time for the lightning round. hey, what is that lightning round about? that's about rapid fire calls, buy, buy, buy, sell, sell, sell. time for the lightning round. are you ready, skedaddy? i want to start with eric in florida, eric? >> caller: boo-yah, jim. how are you today, man? >> i'm okay. i don't like this market.
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how about you? >> caller: oh, i'm right there with you. i want to wish you a happy belated ninth anniversary. thanks for the work you do for us investors out here in cramerica. >> caller: my call today, hertz global. >> hertz is splitting up. i like both pieces. buy, buy, buy, the consolidation industry will help. dave in california, dave? >> caller: boo-yah jim from westwood. >> nice. >> caller: i'm looking at high crush partners lp and the other one is silica holdings. >> i like the high crush. nice yield. we could do a piece about high crush. that's an interesting situation because it has the fracking sand people use. i looked into it beforement i should go back. elizabeth in maryland, i less bit?
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>> caller: hello, jim. >> hi elizabeth. >> caller: i'm invested in reetz. >> that's a community we've been using, that's a term you say with your broker. timco because we feel tremendous affinity for what he's done. i believe it's better run. although i invite your company on. ross in texas, ross? >> caller: hey, boo-yah, boom shakalaca, boo-yah jimbo. >> wow, wow, that's a come to play boo-yah, what's up? >> caller: what's happening man? >> i don't know, just hanging out. trying to get to the restaurant, do a little serving tonight, maybe some bussing. >> caller: right on. right on. listen, jimbo, my question is national bank of greece, you know the finance is hard for me to understand. maybe you can digest it for me big dog. >> you know, that one is too
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hard. i mean, really. look at it. i went into rbs. that was tough enough. i'm not going to the national bank greece, too hard to own. no way. let's go to jim in south carolina, jim? >> caller: boo-yah from greenville, south carolina. thanks for answering my call. >> beautiful part of the country, what's going on? >> caller: i'm calling about la laquid martin. >> buy, buy, buy, chip in pennsylvania, chip? >> caller: jim, thanks for taking my call. long-time listener. approximately three years ago i took your lead on hsp. >> that's a good one. >> caller: unfortunately, jim, i got greedy. watched it go to 59 and it's at 40 now. i want to know your thoughts now. that's all. >> look, this is a very good real company with real earnings that's in the medical business. i say you're fine. if anything, i'm interested in
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buying some more if it goes down any more. can i go to maryland in california? >> caller: hi, jim, what do you think about frontier communications? >> i got to admit maggie seems to have pulled it off. the yield is seven. looks like business is coming back. it's still too risky but i got to hand it to her, looks like it will make it. davey in new jersey. >> caller: thanks for taking my call. i'm a detroit boy living here in new jersey and dumped the pharmaceuticals and back in the idle stuff. tell me. >> stephanie link you can follow along at actionalertsplus.com thinks they are best in show. i like the stock. i think it's a buy and that, ladies and gentlemen, is the conclusion of the lightning round. the lightning round is sponsored by td ameritrade.
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sweet 16 time. i've spent time making picks for my bracket and the prize warren buffet answered, it would help buying awl all of the now incredibly pricey avocados for my restaurant. it's cadpocolypse. but it's been a wild tourney and a wild year. the lesson from all this, you need to be ready for anything, especially in your portfolio. that's why you need to be diversified. the key to surviving ups and downs of this market who we got the downs today, is make sure you don't have all your avocados or eggs in one basket. let's play my favorite game, am i diversified. call or tweet me. don't yell at me, say mean
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things like many. tell me your top five holdings and i'll tell you if you're diversified enough. we'll start with berry in my home state of new jersey. you're the first caller. what is up? >> boo-yah, jim, how are you doing? >> a trying day, trying. >> caller: i was home sick from work and kept getting worse. >> everyone is sick, too, that's another thing. what's up? >> caller: i want you to check it out, if you drop it on your foot and it hurts, is it a good thing to buy. i want to make sure i'm split up enough with noble, bl, union pacific, trinity, trp, microsoft and rtn. >> all right. let me take it over there, we got to make changes. noble, that's good. big meeting tomorrow, they will take about bringing up the value. i believe them. union pacific, sold that too early.
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an excellent military play is on the high level. look at this. trinity makes rail cars, that's no good. what will we do? the trade and true, we'll pick up bristol myers. now i need you to go to johnny in california, john? >> caller: hey, jim, boo-yah to you. >> same. >> caller: hey, i want to thank you and your great staff for allowing me to be on. friday i should have been here, but i became a great, great grandfather on friday. >> wow. >> caller: so they allowed me to come on today. >> that's fantastic. wow. >> caller: i got frontier, fhfc, i have cfo fair, fun, i have american electric power, aep, and i have kindle morgan kmp. >> once again, congratulations. wow. maybe we all have that kind of blessing.
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fantastic. all right. i like the fact that you like yield. i like yield, too. we have american electric power. that's solid. kinder morgan good yielder under a lot of pressure but i say we're okay. cedar fair, that's a play, as i say in get rich carefully on the new frugality. apple, a value play and holly frontier i believe is going to have a surprise. it's a refiner. well done john in california. hey, why don't we go to dianna in michigan, dianna? >> caller: hi, jim. >> how, how have you been? >> caller: great. you know what? you have a great show. appreciate all the info you give everyone, and i've been watching you for years. >> i've been on for years. thank you. i have a great staff, too, makes me look good every day. >> caller: anyway, i want to know am i diversified? is my stocks.
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pepsi, at&t, phillip morris, merk and bristol myers. >> all right. something is going on in pepsi that that stock was up today. don't know. maybe it's the activism. that's -- let's call it a package goods play, package foods. bristol myers, one of my absolute favorite. att high yielding, i think it's too low. phillip morris arguably different from pepsi co. merck and bristol myers, we got to make a change, do something different there. sell the merck. hey, let's go back to the page we had yesterday. let's go buy some aetna and stick with cramer. >> coming up, tipping point? cramer's signs that some stocks could be coming back into favor. find out how to position your portfolio to profit.
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flat one, froth nothing. that's the score right now in today's gain between the parts of the market that are cheap and represent value versus the over hyped, over priced and overlooked. take a look at king digital. the big bust that blow up from get-go today. here is a profitable business that mastered the art of mobile gaming but is a one-hit wonder. it's a 6.2 million dollar
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company with a stock that broke the price, meaning it's below where the ipo is priced falling an astounding 15.58%. the worst in ages. now some of that is banker's misjudging the market. some skepticism from the zinga deal. but most of it is common sense skepticism. people simply unwilling to speculate on just anything, even as irony of ironies, kings is profitable now. cloud stages and bioteches that may never have a product that passes. so in that sense, you have to recognize there is a bit of a justice here. the horror of zinga is too fresh. i've been adamant there can't be two markets for long, a froth market and stable flat market. the froth market is made up of marijuana stocks, hydrogen fuel, data an lit ticks businesses and two young bioteches as anyone who toils in the twitter feed at
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jim cramer would know and like i said, that's gotten too big. now if you believe as i do the larger growth tech and biotech names can't recharge until the ipo cools off because there is only so much money, you have to be heartened of the cloud, big data and early stage ipos since almost all of them are down huge from their highs, and most were very weak today. that is crucial to my -- i don't want you to lose money but i told you to take profits, so don't second guess me. that's crucial to the thesis that this ipo window has to close. it has to. because it's killing the established players as hedge funds and mutual funds move the money into the deals.
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you need more fear in the initial public offering market and that's what the king deal did and the aftermarket collapse did. you need the bankers to cancel deals and the public to turn from the remainder of the deals in the shoot right now. of course, there are many established cloud plays that can't get feeling. today's workday to go through the stock chipper. on kerr, meta data, corner stone, they all fell pray as did the now fangless salesforce.com and twitter. there is too much stocks from insiders everywhere to make them stabilized and portfolio managers at a reasonable price and not ultrahigh growth. the stocks are trying to rally but by no means out of the woods and looks like gilliad and cell gene could be ready. this is part of a process that leads to the end of rotation from growth to value. the growth stocks will get too cheap. for the longest period, a lack of new supply because of big
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stock buybacks and businesses snatched up by long-termers. the insiders and ipos are tipping the market in sell-off mode. there is too much supply, people. you close the ipo window, the same sellers will turn buyers of existing merchandise. that makes king digital maybe the beginning of the end but will take awhile. there are red hot deals like grub hub and box. however, skepticism builds, the old established growth merchandise may come back but not yet, though, not yet. stay with cramer. [ male announcer ] meet jill.
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what? of course, jets, helicopters and the new young life. rock the cradle of love tonight american grade. i like to say there's always a bull market somewhere and i promise to find it right here on "mad money." i'm jim crimer and i'll see you tomorrow. hello. you're now watching "worldwide exchange." i'm ross westgate. the imf announces an aid package for ukraine which brings the total international plan to $7 billion. the nasdaq is pushed to a two-week low. king's ipo, could it take the crown of -- for the year? rbs, santander and
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