tv Mad Money CNBC March 28, 2014 6:00pm-7:01pm EDT
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my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to save you a little money. my job is not to entertain you but to educate you. so call me at 1-800-743-cnbc. or of course tweet me @jim cramer. like so many days this week the market started off strong. it was right out of the gate positive. but it didn't take long for the old pattern to emerge as the
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biotechs and the technology cloud plays rolled over again and at one point seemed to be on the verge of taking the entire market down. aided by some worrisome talk about russia from president obama. but as we neared the bell, the market regained some trent. the s&p climbed, and although the biotech and cloud laden nasdaq could only muster a 0.11 gain. what's our game plan for next week? let's start with the book ends. the bill industrial stocks rocked all this week. they kept powering higher and it was really no news at all. i kept hearing the same rumor of the same explanation. when we come in on monday morning we'll hear about something big from china. perhaps to reverse the chinese water torture of weaker than expected news over and over again. now, if that's true, it won't come a moment too soon. given that we're going to get a
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manufacturing gauge from china that will fail to meet expectations. now, i want to be careful. be careful here, because if there's no stimulus than the strongest section of the industrials will give up some of the terrific gains. you have to be cognizant of that. if we get the stimulus, there will be another rally in the minerals, mining, machinery and oil stocks. so much is riding on a surprise stimulus plan that we should expect weakness from the get go if we don't get one. now, let's flip to friday. that's when we get the labor department's nonfarm payroll figure and here again is something that's incredibly important for the market as a whole. but particularly for the financials. you see unlike the industrials, the banks financials are under pressure. because interest rates have bizarrely been going down. i said bizarrely because didn't the fed tell us that the economy is stronger than expected?
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now, a robust employment number which i'm expecting can reverse that decline in interest rates. if we get it, i think you're going to see the financials roar as they need higher rates to beat the estimates when they report next month. may i therefore suggest on a strong employment report you buy the bank stocks that the fed blasts earlier this week to return capital even in a form of big buy backs or dividend boosts. i'll normally tell you should reach for wells fargo. that got a great, great buy back, and dividend boost. but you know what? that was the only one that wasn't down after the number. so kind of missed that one. instead, i think bank of america is the buy here. why? because not only did it get the nod to buy back stock but cleared up the biggest legal overhang. the government sued against them for issuing so many loans. it had burgeoning legal expenses this settlement is a huge deal. and i think this stock can break out to multiyear highs when it
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reports next month. you need to be in ahead of that. so if friday's job number is higher than expected i'd grab some bank of america at the opening. between monday's china report and friday's employment report is something so worrisome that i'd be remiss if i told you i'm not unnerved by it. you know that we have eight initial public offerings coming next week and eight more the week after? 16 in two weeks. after all the deals that we have endured in the last couple weeks. that's way too much supply. hard to believe the market can handle all that. sometimes i just wonder why can't there be a commissioner of stocks who says that's it, that's enough. no more deals. the window is closed. we always hope the underwriters try that yesterday and cbs outdoor today. two cases where they priced it where everyone wins. you know i praised to the skies
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last night, juneau rallied 3 bucks followed by another $2.21 today. perfect. cbs outdoor gave you a couple from the get go. with the heavy ipo saturation most of the other new issues followed a disturbing pattern. opening high and then going down. down, down and down. that's just what we don't want to see. this is dangerous, people. this market is not prepared to handle all these deals. i want to be very clear. if the ipo window doesn't close soon it will take down far more than just the new offerings you see on the screen. now, we have a slew of data tuesday that could also move the market. u.s. manufacturing purchase and manager's report, construction spending and car sales. if the federal reserve is right that the economy is improving and the bond market is wrong because rates are lower, then we need to see all three of these indicators coming better than expected. i'm totally focused on nonresidential construction.
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and auto sales, because these are the two areas we keep hearing are getting stronger. even though there's been no concrete evidence to date. this could be the day that we need. by the way if car sales are strong then i think what you should do is take some carmax and -- take meaning buy and advance to the report date on friday. it's come down that werely from -- sharply from the high of 53 because discounting is rife. a strong auto number on this day overall could signal the worst is over for this company. wednesday we hear from a company that's been a consistently terrific performer. i'm talk about monsanto. if you want to own this one, may i suggest you wait until after it reports. as per confusion, the stock starts down and then rallies after the -- it's funny. it's the opposite of dear which starts high. i know, this is weird. but it's well documented. and i do like the stock. we have an analyst meeting for
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buffalo wild wings. a stock that's rallied big today. but still well down from the highs. i can't think of a better time to hold an analyst meeting than right before the final four as they do a huge amount of business this weekend and next. when analysts are sandwiched between the two huge game slates let's just say i can't think of a better time it's a true catalyst. don't forget that sally smith, the ceo is one of my bankable 21 from "get rich carefully" which i'll be signing at the barnes & noble at white plains next tuesday, april 1st. please note that this signing is your last chance for a signed book. my tour will now be done. micron reports on thursday. i expect a solid quarter. however, i'm concerned over the future because micron is all about the tight supply of two different kinds of chips. d-rams and nan, known as flash. herb greenberg who writes the reality check newsletter as well
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as being a cnbc contributor, where supply has overwhelmed the supply of the chips, new factories may be alleviating that tightness. that tip toward oversupply has historically rocked micron stock which has more than doubled in the last year. i say be careful of the guidance for m.u. not that long ago, we had a terrific little company come on the show called rpm. it sells a diverse set of product lines for a construction that helps seal tiles and prevent rust among other qualities. i thought the company told a great story. i think the business is doing quite well. this stock doesn't have a lot of beta. meaning it doesn't jump in an outrageous fashion like a biotech or internet play. but i believe it can resume the climb back to $43. you know i'm wary about the flood of ipo's. but keep in mind that grub hub the one we profiled earlier this week should become public friday.
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given the saturation bomb, i can't be sure grub hub will go to the premium i expected when we first talked about it. but if any one of the deals should work next week it's grub hub. here's the bottom line. we need a chinese stimulus package announcement on monday to sustain this week's industrial rally and we need a strong employment number friday to get the banks moving in the right direction. but more important than anything else, we need the flood of ipo's to halt. they're pulling down all the highest growth tech and bio tech names as traders lock in the gains from the old and get the pop in the new. trust me when i say too much supply can kill the golden goose and the new supply coming next week is so heavy it can overwhelm the whole market if the bankers aren't careful. believe me, they won't be. can i go to robert in new jersey, please? >> caller: booyah, jim! >> i like that booyah very much. how can i help? >> caller: appreciate everything you do. thanks. >> thank you. >> caller: of course. asking about sirius xm.
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>> yeah, no, i like sirius very much. this is a company that people walked away from when liberty meetings decided not to buy the rest. i understand that. i think it's a mistake. i think this company on a stand alone basis is doing quite well. remember, it's also related to auto sales, a good company with good cash flow. stay long, sirius. can i go to max in puerto rico? max? >> caller: hi, i'm max from puerto rico. booyah, jim. >> what's going on? >> caller: what do you think of popeyes? >> you know, popeyes is just one of the stocks that periodically gets slammed. the ceo is one of my bankable 21 from "get rich carefully." i think the world of her. i like the menu and the expansion plans. i say buy buy buy. let's take one more. go to sandy in florida. sandy. >> caller: hi, jim, booyah.
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first time caller here. i like your idea on netflix. it's taking a nosedive. >> there are a bunch of stocks that are rolling over, whether it be netflix or tesla, whether it be gilead. gilead, some weaker prescription numbers. these fit the same pattern. they were high fliers. we can do viva and sales force.com. tape that're -- they're rolling over as the market gravitates to those who have good earnings. look at oracle. they missed the quarter and the stock is now up dramatically. look at caterpillar, the stock is up dramatically. the buyers right now want sturdy earnings, not sturdy sales. so these stocks have been getting hit and this rotation not over yet. can i go to john in california, please. john? >> caller: hi, booyah, jim, from the sacramento valley. you're favorite out here. >> i love sacramento. i love the honeysuckle you'll be smelling in about six weeks. what's up? >> caller: there you go. okay, my play in the housing market has been mixed, the cement play, i think it will
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come back. what's your opinion on -- >> i think it's terrific stock. we recommended it lower. i think cemex is a very good stock to own. what do we need next week? well, with eneed a -- we need a stimulus package from china. that would be a great start. then a nice strong jobs report on friday, then we've got the largest part of the s&p the financials moving. but we have this flood of ipo's coming. the golden goose could be killed by too much supply. "mad money" will be right back. coming up -- dream delivery? promising to deliver anything to you in under an hour. but can this start-up transform the way goods are moved throughout the world? cramer finds out when he goes "off the tape." and later, just getting started? amid sluggish times for retail, the footwear chain finish line raced past expectations and
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posted a strong quarter that sent the stock higher l. the warmer weather give it another boost or is the rally on its last legs? cramer's got the exclusive with its ceo. all coming up on "mad money." >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.
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i dunno, i just ah woke up today and i said i need something sportier. annnd done. ok maxwell, just need to ah contact your insurance company with the vin number. oh, i just did it. with my geico app. vin # is up to the loaded. ok well then jerry here will take you through all of the features then. why don't weeeeeeeeeeee go out to the car. ok, i'll just be outside... ok, yeah. his dad is my boss. yeah. vin scanning to add a car. just a tap away on the geico app.
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you know we're big fans of companies that harness web technology to make our lives easier. but whether they're public or not. that's why tonight we're going off the tape to take a close look at a private company called post mates that's in the delivery business. they have maybe one of the coolest mobile apps. you install it on the phone and it's transforming the way local goods move around a city. allowing anyone to get a product
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delivered under an hour. you pay a $5 to $16 distance fee, depending on the distance and 80% goes to the currier and then the remainder goes to post mates. then you pay 9% of the total purchase, which post mates keeps all of. this is a very low cost business model and the result is incredible. buy anything on your phone, track it, this is what i want. so far, post mates is only in five cities. san francisco, seattle, new york, d.c. and chicago. and while the company isn't yet profitable as a whole, we know the business model is viable because they're already turning a profit in the more established markets like san francisco, seattle and new york. right now about 85% of the volume comes from takeout food. this is the way you order from places that aren't hooked up to grub hub or don't do their own delivery. you can literally order from anywhere. now, companies have been trying to make this local delivery model work without much success, ever since the initial dotcom
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craze. but i think post mates may have found a viable way to do it. not just viable, but impressive. let's look at it with the cofounder and the ceo of post mates. learn more about his company, mr. lehman, welcome to "mad money." thank you. have a seat. >> thank you for having me. >> i was an original investor in one of the -- in cosmo. that was part of a partnership. i put money in it. it surprised me because they had inventory which is the bane of everything. you have no inventory whatsoever. right? >> no, we like to treat the city as our inventory. you know, we have the saying internally, let's understand the inventory in the city the same way amazon understands the inventory in one of their warehouses. >> wow. okay. but you do have a network of people who are -- i guess they're private contractors. you don't pay the insurance of any courier and you don't have to do anything. they're part of lake an uber network for you? >> it's very much like an uber network, around 2,500 postmates
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in the five cities we're operating in. >> now, the ratio is still maybe too much food for your taste? meaning that -- i always fear that someone can come in and change the food equation. maybe at amazon. but you're -- it's 15% that's not, is that how it works right now? >> yeah. i mean, we see what ever sells. when it comes to logistics, we start to prepare food because it's a very fat, big vein, it keeps the fleet busy and allows us to expand over time. >> there are certain things i don't want to do, i don't want to get pet food. or i own a restaurant, can i call you if i ran out of eggsment like last sunday, i'd rather call you. >> we do it. dog food. any personal hygiene, groceries, gifts. the greatest thing that we deliver that i recall is a bottle of champagne and a pregnancy test.
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>> okay. all right. that's certainly -- >> we're trying to figure out the bottle of champagne for what occasion it would have been. >> yes, exactly. now, when i saw the app, brandon is one of our staffers, he showed me the app. i started to think if anybody gets to see the app, they immediately download it. is there anyone who has seen the app that didn't like it immediately? >> not that i'm aware of. >> it's quite taking. >> it's addicting. the more people order, the more they use the app. >> when i looked at it, i was thinking what happens if amazon says, when don't have to buy them. we'll just duplicate it. >> yeah. i guess we see them in the trenches. >> you do? then you're confident? >> i believe so. yeah. >> now, i know you don't need to blanket the country yet. but you have some venture capital. i would think you'd want to sew up a bunch of cities before someone else does come in.
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>> yeah. i think it's a game of geographic expansion. having the cities that you serve. we just launched in chicago. by the way, every city that we launch grows faster than the previous city. >> why is that? >> networking. i think it has to do with people signed up in the city. word of mouth is the biggest growth driver at this point. >> you're not doing any advertising at all? >> very, very selective advertising. mostly to recruit postmays for our -- postmates for our fleet of couriers. >> you put the face of the courier on so there's no knock at the door not know who it is. >> yeah, i think that the personal touch is what gets people really excited. they see the name of the courier, see him moving on the map. think about it, there's no other delivery service where you have that. it puts an element to the app that you don't know from anywhere else. if your order is seamless, it falls into the dark hole for 45 minutes to an hour. if you're lucky. the moment they knock on the
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door, you're in the shower. good-bye to that. >> you see the gps you know where he is, it's pretty instant. you have a winning product. i have to tell you -- look, just go download it. you'll know exactly what i mean. stay with cramer. coming up -- just getting started? amid sluggish turns for retail, the footwear chain finish line raced past expectations and posted a strong quarter that sent the stock higher. will the warmer weather give it another boost? or is the rally on its last legs? cramer's got the exclusive with its ceo. its ceo. i've always kept my eye on her...
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but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still gonna give me a heart attack. that's health in numbers. unitedhealthcare. not that long ago, we were really concerned about all things retail. it's been a real hit or miss space. but could the number of hits be on the rise? in the last couple of weeks once hot athletic apparel places like nike and under armour have been hammered. but then this morning we get results from finish line, finl. the athletic oriented chain with 650 stores and 27 stores within a store at macy's, what happens? despite hideous cold weather,
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finish line delivers some strong numbers. the company earned 87 cents a share. a two cents beat on slightly lower revenues that climbed year over year. more important, finish line delivered a 6.3 increase in same store sales. this is terrific. and the gross margin that they make after the cost of goods sold expanded by 80 basis points. meanwhile, management said they see same store sales growth in the mid digits. it's not just a food store line, but aer if rake way to get a -- but a terrific way to get a read on the apparel markets. if the consumers really are feeling better i could see this going higher. still. let's check in with glenn lyon, chairman and ceo of finish line to find out more about the quarter and the broader industry. welcome back to "mad money." >> hey, jim. how are you today? >> all right. sir, this is a remarkable
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quarter. it seems like a lot is made up of people who are genuinely loyal to finish line. 60% of the transactions, part of the loyalty. what are you doing right that they love you so much? >> well, jim, the big issue in our company is to be omni channel, to be wherever, however the customer wants us, whether it's digitally or through the brick and mortar stores. i think we've hit a good stride here. we're talking their language. we have a lot of great product in the stores. and voila, another good quarter for the finish line. >> it seems like if you buy once at finish line you must continually buy your next pair at finish line. >> hopefully a combination of good service and some great product, new innovation. you know, our marketplace has been strong now for a couple of years. a lot of new things coming out in the market. a lot of brands participating in
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that success. and the hits keep coming. >> well, i have to tell you i heard a lot of retailers complaining about the weather in february. and some people got on me saying, listen, don't trust them, it's just not true. you had a great february. it was the same bad weather everybody else had. how'd that happen? >> i don't do weather reports, jim. if they don't buy them on thursday because it's snowing they buy them on friday. if they don't buy them in january, they buy them in february. so we have to keep our eye on the prize and make sure we have the right product and the right service. and then we win. >> i want to talk about right product because it seems like there is more technology now in your business than i have ever seen. both by your salespeople, but also by the people who make what you sell. it's become a technology business. >> yeah. no doubt about it, jim. the pipeline, the innovation, the investments that the brands are making, i have been around about 12 years in this segment
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of the business. i have never seen it at a higher pitch across many brands and the athletics -- the athletics world is just -- it's just in a really strong cycle right now. >> well, you called out under armour several times. when we have kevin plank on, uniquely i think he's almost an engineer for clothes and shoes. >> they are a creative bunch. and you know when you have people like kevin and the team at nike, got a new team at nike, very invigorated, lots of excitement out of that world as well. when you've got a couple of those guys going, with a lot of styles coming in, it's not hard to be successful. >> i saw a number in your conference call. teens, teen is up double digit. it started to get me thinking, okay a teen, no teens were formative when michael jordan played. do they know what a jordan is because jordans are selling so well. but how could they remember or know?
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>> oh, i think that the basketball culture really -- you know, i guess it started with bird and magic. back a few decades ago. by mike -- but michael jordan's legacy is incredible. and the creativity of that team out in portland is just sensational. they just keep bringing new, more exciting product into the market. and i think michael's legacy lives on. been a phenomenal run. >> i thought that was incredible to see that continue to be great. i also was shocked to see the relationship in macy's. 50% women buying in macy's and only 20% in your regular. so no cannibalization. >> yeah. no doubt about it. when we saw the opportunity, when i saw -- when i talked to my friends at macy's about this opportunity, we were pretty confident we'd get into a marketplace with a core customer being female, that we hadn't been -- began to tap in the
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finish line stores that's worked out great. you know the real winner is the customer and they're seeing products in macy's. especially the women they haven't seen for a long time. happy to be in that space and happy to have the relationship with macy's. >> is that exclusive or could another department store hire you? because most department stores do not know how to market footwear? >> you know what, i got my hands full with macy's. i got 700 stores to fill with product. and a lot of work to do. so that relationship is great. and i'm looking forward. we're just scratching the surface. we're probably about a third of the way there in terms of what we see that opportunity to be. >> well, it was a great quarter. thank you for coming on our show today, too. because i thought your stock should be higher. i bet you it goes higher monday. thanks so much, glenn lyon. this is a cheap stock, it's got
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the best momentum of almost any retailer i follow. finish line, finl. if the market weren't so uncertain today, i think it would have been up a couple of bucks. stay with cramer. monday, kick off the trading day with "squawk on the street." live from post 9 at the nyse. >> with all due respect, that meant get under the desk because here it comes. >> yeah. >> it all starts at 9:00 a.m. eastern. you want a loan to build a factory in america? you can't do that. nobody builds factories in the us anymore... you can't do that. using american raw materials makes no sense... you can't do that. you want to hire workers here in the states? they're too expensive, you can't do that. fortunately we didn't listen to the experts.
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>> announcer: lightning round is sponsored by td ameritrade. all good things mus come to an end. sadly that includes my book signing tour for "get rich carefully." if you haven't had the chance to say hi and have your book signed, i'll be making one last appearance at the barnes & noble in white plains, new york, next tuesday, april 1st, at 7:30 after the show. i hope you can make it. and now it is time. it is time for the lightning round. you say the name of the stock. i don't know the calls or the name of the stock ahead of time. my staff --
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i tell you whether to buy or sell. when you hear this sound -- [ buzzer ] -- then the lightning round is over. are you ready, skee-daddy? let's start with mike in connecticut. mike? >> caller: booyah, jim. i'm from quinnipiac university. >> great to have you. >> caller: i'm asking about starbuck. >> here's the problem with starbuck, it went up big now it's pulling back. i'd like to be a buyer at the $72 level. that's where i would pull the trigger. let's go to ron in ohio. ron? >> caller: booyah, jimbo skeedaddy. >> thank you for calling. >> caller: this is ron from whitehouse, ohio. >> okay. >> caller: i want to get your take on the world's largest aircraft leasing company. air cap holdings. >> okay, that stock has moved up so much i would prefer buying boeing which is not moved up that much. that's a cheaper stock with i think better long term plan. let's go -- because you obviously like aerospace. let's go to michael in new jersey. mike mike mike.
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>> caller: feel better booyah coming at you, jim. >> done. what's up? >> caller: psg. >> i don't like these -- you know, this is a particular kind of real estate investment trust i'm not interested in owning. i know a lot of people are crazy about these, this is a real estate that picks up real estate. you know, let's put it this way. there are other ways to make money. and may i suggest that you buy the cbs outdoor. better dividend. better prospects. let's go to michael in minnesota. michael? >> caller: booyah, jim, from duluth, minnesota. thanks for sharing your thoughts with the world. you're wonderful. >> thank you. >> caller: i have been watching you for 20 years. >> thank you. you're very kind. >> caller: i'm glad you're feeling better. i'm interested on your thoughts on exact science, a biotech out of madison that just received fda committee approval for a better colon cancer screening -- >> yeah. we like the stock leading up to
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the approval. what happens in traditional biotech situations once you get the approval it's done unless it has multiple things behind it. that one is done. and let's go to david in new mexico, please. david? >> caller: jim, how you doing, sir? >> good. >> caller: first off, i want to say as young investor your guidance and mentorship is much appreciated. >> thank you. >> caller: my question today is about organ -- >> i like that one. let's let that settle in. down 33% for the year but still up last year. i want you to wait before you pull the trigger. that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. how you doing jimmy? >> okay, bob. i don't know. i had a thai chicken salad it's
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not sitting well. i'm going to be up all night throwling up that chicken salad. >> i'm sorry to hear that. >> it's overshadowing how well i'm doing in the espn celebrity tournament. that salad did not sit well. >> in addition to my book, bar san miguel. >> what's happening, man? >> i don't know. just hanging out. trying to get to the restaurant, do a little serving tonight. maybe some busing. ♪ i spent a lot of time making picks for my bracket. secretly i was hoping to win the $1 billion prize warren buffett offered. it would helped with buying all the incredibly pricey avocados for my new restaurant. ♪ it's squawk pock alips. >> oh, my god, we have the really big things arnd us.
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i feel -- >> yeah. >> i need some alka-seltzer. >> hello. >> i didn't have anything to drink last night. the things that are staring at me right now, yeah, wave. don't cry. >> jim, you were threatening to give a beat down to a couple of the plush toys over there. >> they're annoyliing the heck t of them. i think i can take them. a beat down. yeah, you. oh, yeah. yeah. you're fine. >> cramer -- >> go into the crowd. give that guy a very big black eye because he has some big eyes. >> i don't like the way he's looking at me. ♪ what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading.
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how i make money? real simple winning games. you don't get paid off losing games. i'm not looking to lose. before we get to your tweets it's time to do some spring cleaning to catch up on your homework. back on march 11th roland called in about turquoise hill. this is the international mineral exploration development company formerly known as ivan hoe mines that's what fooled me. with a big property in mongolia, it's real speculative. $3.45 billion company with a $3
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and change stock that's down in the last months. aside from the rally over the last couple of days, copper has been a real dog of late. a dog that's been dragged down by worries about a slowing china. and remember, turquoise hill has a big mongolia asset and there's uncertainty there because of a dispute with the government over the projects investment agreement. my view, hey, look, i think history is pretty clear. don't mess with the mongols. if you want a copper play, i'm not saying you should, but if you must own a copper mine, then go with something safer like freeport. though it has a big gold business too. if you want pure copper go for the jjc. the copper etf. next up, michael in illinois asked about innoef owe pharmaceuticals and then last night another call about the same stock. from chris in new york. we had to comes on this one.
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it was a tiny biotech that's run up from about 50 cents a share a year ago. to $3.28 right now. not too shabby a move. the company is developing a new generation of synthetic vaccines and immune therapies designed to fight cancers and infectious diseases. the technology platform lets them design universal vaccines to provide cross protection against viruses ranging from the flu to hiv. they have clinical trials going for treating bird flu, prostate cancer, leukemia, hep-c and hiv. i think this could be a speculative play, however you have to be careful. you have to take some real pain. just consider this stock rallied more than 12% today -- yesterday. today it was down 10%. i mean, this is a roller coaster. they're still many years away from getting any of the products on the market and by the way, of course if you own inovio, you'd
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be crazy, i'm begging you, ring the register on at least half of the position so you're only playing with the house's money here. at the end of the day we have seen so many of the development stages become public lately that i have to believe the whole group will get hammered. not just the big cap plays which have been downright horrendous. if you're interested in it, the sell-off will be your buying opportunity. until then be patient. remember for those in the big cap bio techs they're in the weak hands right now. we're throwing them up and giving them up every day. and you know what, they could all still go lower. so you don't have to ask me each and every one about them on twitter. you have to think of it like this. they're all trading basically as one stock. and a real bad one at that. last but not least on the 18th, mauve in california wanted to know about aloe merah sciences. this is another small bio tech.
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had a huge pop of late. so many of these had. this is rank speculation. jumped from 2 to 7 in the last four months. although super tiny, it's a small company, almost too small to talk about. they treat diseases of the retina. and they their most advanced one treats a disease that can cause blindness. just yesterday, we learned that they have resubmitted the new drug application to the nda for aluvian that addressed the response letter from last fall. this is a classic roulette stock. this is a totally binary event and if it doesn't get approved thing can get real ugly real fast. ring the register you want to play on eye medicine, regeneral aran is probably not done. but i'm just saying, that's a better company. now your tweets. okay. we've got to get to some of the
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tweets you have been sending in because they're stockpiling and i have been negligent. all right. let's take a tweet from physical cliff who says, you make my day, love what you do for people, skeedaddy. a big canadian booyah for all you do. well, i tell you i needed this one because i'm just completely blasted. so i'm trying very hard to do the show. i'm a perfect attendance guy. i don't want to give up, but this made me feel good. typically on a day when i was not able to talk for most of it. all right. let's be to scott who says, kudlow and cramer brought back great memories. congrats, larry. yeah, i mean, i forgot how much fun that show was and when i looked at that picture of me and larry when we did the coin flip, i said oh, man. i have lost 25 pouchdzs. so let's do -- why don't we go to pete -- take a tweet from @pete crown 42 who says
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talk to me about merck, jim. booyah from ohio. i think merck is doing a classic breakup as i addressed and told them to do in "get rich carefully." they're selling the consumer products business. there's going to bring in a tidy sum. the stock has moved up 10 points. as big biotech goes down, old fashioned pharma is going up. it will end, but not when the speculation is going on. that's defeated bio and sending people to pharma. stick with cramer. when money talks it comes to cramer first. >> why are you so bullish? >> we see the huge recovery potential in the united states. >> we are in control of the destiny in this country. we need to get after it. >> in our industry you're riding that innovation curve or you're no. >> my message is don't bet against us. >> watch "mad money" and be the first to know. first to know. ♪
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we believe our customers do their best out there in the world, so we do everything we can to be there for them when they need us. plus, you could save hundreds when you switch -- up to $423. call... today. liberty mutual insurance. responsibility. what's your policy? tonight larry kudlow will bid farewell to "the kudlow report." the civil place to discuss economics and politics. his show and "mad money" too came in the wake of our decision to create two hours of television from one. kudlow and cramer. our forerunner. the show's hallmark was fairness to both sides of the aisle.
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and to each other as befitting the coin flip from by -- from a real ncaa ref to see whose name went first in the credits. i obviously lost. i got a chance to say good-bye to the gentleman and emotions ran high. we had to stay focused on the substance though. as larry insisted we had to stay focused on the matter at hand. the arc of the interview spoke about larry's and teachings and the impact they have had on me and this show. first, larry asked me if i thought the advances in the averages were part of a big bubble that could be deflated at any minute as so many believe. when you're on live television you don't have enough milliseconds for general reflection. but when i was about to begin my defense of the climb, the corporate profits are behind the advance, i recall where i first heard the linkage, from none other than my erstwhile partner. larry i said, bountiful corporate profits are behind the run-up and not the fed and not
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overenthusiasm. just as you taught me years ago. we'll be fine f the profits are strong. larry smiled, perhaps in reminiscence of the days when he taught me the macro, how it all fits together. while i pontificated on the macro, that toiled on the landscape that larry had traced out so eloquently night after night. but larry said, what's holding back revenue growth? why aren't we having a more robust economy? why don't people want to create more businesses? why isn't small business the true generator of jobs taking off here? nine years ago when we last worked together, i would never have given him the answer that i tossed out instantaneously to his query. regulation. too much regulation. my old partner smiled which is shire smile since obama came to
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the white house. i interviewed those, the ceos of trinet and paychex. to help small and medium sized businesses deal with the government and all of the rules that are now too hard to understand for just about every small business person so many new ones. taxes. mandates, health care rules for hiring and firing and processing. these are well beyond the ken of any company save the multinationals. you either use a paychex or a trinet or a work day or a cornerstone or adp or succumb to red tape that can wreck your business or land you in jail. two alternatives that keep you chained to the enterprise. now it's easy to argue that the government has become much more prolabor and all of these boost workers' right, hallelujah. all that is true, but all is being sacre if it'sed upon an altar that makes starting a new business too hard in first
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place. you want to create a company to hire the worker and the rules have become too difficult to follow. as i know all too well, not just from the ceos of companies we interview here, but from the restaurant i own, two new developments. of course, the big companies can handle this thicket themselves which is another reason why profits for them are so bountiful. they can crush the little guy who can't afford to comply with the regulations. i could tell larry was pleased with my evolution toward his position, even as i'm sure -- i sure wish i hadn't had to evolve at all. we smack fists as we did every night and bid each other a fond good-bye as he spreads patriotism, optimism and much needed civility into an american policy for all three. we're so lucky he'll still be at cnbc to spread the cheerful yet rigorous gospel. stay with cramer. (announcer) scottrade knows our clients trade
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their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. [ chainsaw whirring ] humans -- sometimes life trips us up.
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kudlow report." i'll be watching tonight. i hope you'll join me too. there's always a bull market somewhere, i promise to find it for you here on "mad money." i'm jim cramer. see you monday. breaking news. vladimir putin calls president obama to discuss a diplomatic resolution to the crisis in the ukraine. now, stocks finished the day higher, but traders still spooked by reports of russian troops building up on the ukraine border. steve forbes is among our special guests tonight. he'll help us get a handle on the markets and the geopolitical crisis. also, a shocking new poll from the associated press shows approval for obamacare is at a new low, just 26%. this comes as the soft deadline to enroll is just three days away. and i'll talk about all that and much more with special guest senate republican leader mitch mcconnell this evening. tonight, the final edition of "the kudlow report." we have surprises
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