Skip to main content

tv   Mad Money  CNBC  October 3, 2014 6:00pm-7:01pm EDT

6:00 pm
been underperforming where greater volatility might be priced in. >> all right. looks lime our time has expired. i'm melissa lee. for more on "options action" check out our website and we're on "fast money" every day. we'll see my mission is simple, to make you money. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. i'm cramer. welcome to "mad money." other people trying to make friends, i'm just trying to make you a little money. call me or tweet me. so which is which? is the rest of the world going to bring down the united states with its stumbling, bickering,
6:01 pm
illnesses and cold and hot? or are we going to be an economic locomotive pulling the rest of the world forward? the market chose the latter with the dow roaring 209 points. nasdaq rocketing 1.03% higher. it did so because our non-farm payroll numbers were so strong this morning that they swept away a lot of concern that we won't be able to get out of the funk we have been wallowing in for weeks now. a funk accentuated by a hideous beginning by a month of crashes and pit falls, the month that ends on halloween. welcome back to october. it is good to be back. i can't stress how important this report really is. i have been saying for weeks that if we get a second weak number in a row it validates the
6:02 pm
previous month's slow down and will mean most likely that we could be perhaps headed back into a slow down if not a recession. that was off the table like a bell. someone rang a bell. take that story off the table. what is amazing is that we were surrounded by so much that is so bleak that we have to wonder whether the u.s. can be brought down by the rest of the world. pick commodities because that has been the focus. these are all international markets. if they are all weak and commodities have been we don't sit and say we can try it. we say it is so weak there must be no demand here either. if that is the case it means most earnings estimates will not be met. that view was the prevailing view until this morning's strong labor number. what sent the markets soaring is
6:03 pm
not only the economy succumbing to the world's ills but in a unique position to benefit from prices caused by excess supply. in other words, we stop looking the darn gift horse of lower raw costs in the mouth and start investing in the companies that benefit from them. that is what this rally was all about today. what has top haen next week to keep this momentum going? we need to hear whether the companies reporting next week sound like what nike said the week before or what general motors said this week mainly things are much better than you think or if it is like what ford said which is look out, things are bad. take down the numbers before we take them down ourselves. it won't be easy to divide especially because we have two issues away from the market, two serious and terrible issues playing a role at the opening of monday's trading. first we have to pay close
6:04 pm
attention to the war in the middle east as a possibility of the weekend as an isil led massacre could no longer be ruled out given gun battles. then we need to stay close to the developing ebola virus story. will there be more cases in dallas or other areas around the country? what will our country do about it? a slaughter in syria will weigh on our markets monday if they do occur. we have to stay on those issues. next week doesn't have a lot of company news. either a lot of earnings calls or analyst meetings like from ford or gm. let's see what the market gives us here. on monday we hear from a retail chain that was at one point filled with promise and now seems to have lost its moejo. we are talking about the container store. this has turned into an ice cold retailer that told us the
6:05 pm
consumer isn't doing well and is in a funk. you want this rally that we saw today to continue? you need to hear this little story call for a do over where they tell us the customer is back in spending and you should raise your money. the expectations for this thing are so low. i know it sounds funny that a small company can influence thinking. the container store could have the impact and so could the adobe analyst meeting. it recently reported a quarter that wasn't as good as some of the others in the last year. the expectations were very high. and then the whole cloud group got walloped. today sales force.com sent the stock soaring. you want the momentum to build for that portion of technology so important for the overall market. if adobe can tell a good story then cloud tech can lead us higher again. there was a lot of chatter about
6:06 pm
yum brands. . people are saying we are going to hear about a potential spin out of the chinese division which has lately fallen on hard times because of weak sales stemming from serious health violations that while not soly on kfc. i don't believe yum is going to do anything radical. if they can reassure us that the chinese consumer can come back in the ways of colonel sanders it could set up the restaurant cohort. wednesday huge. much bigger than the other days. first we hear from costco. last time the so-called disappointed and it turns out like in the nfl after further review of the other numbers out of the retailers costco's numbers were better than just about anyone's.
6:07 pm
stock has never looked back since i bet you this quarter will be monster. costco is the class of the retail field. we have results from alcoa. that is a company you know i like. problem is i'm quite confident of the good number but so is everyone else. there lies the problem. it is now as loved as it was hated when it was at eight. if you own it terrific. if you don't own it let's wait. if you miss it you miss it. thursday is family dollar day. here is a dollar store the object of affection. if it has a good quarter the stock goes higher. if it is not that good i don't expect bidders to walk away. it is a good story. still worth owning. on friday like monday very few clues on how things are going. we will have to take them from wherever we can get them. this time from a company called
6:08 pm
fastenal. i have contended that most of our industrial weakness stems from companies that do business overseas. i have been wondering what happens when we see how a purely domestic industrial is doing? well, i bet it can be very solid. that is why fastenal is such a bizarrely important report. let's hear what this industrial has to say. here is the bottom line. the verdict reached today is the rest of the world hasn't been able to pull us down. i bet this debate starts up on monday and now you have the game plan for navigating. dave in california, dave. >> from southern california. how are you? >> great to have you on the show. >> i am a long-term investor and buy and hold guy. there was a time since the generational low where they were acquiring a whole bunch of
6:09 pm
properties and money was cheap. but with all the international stuff going on them being one of the number one international banks, should i buy more? should i hold? >> i think if you have a position in it already that is a good one with the yield paid, the government wasn't happy with what our -- let's say they wish the company would better capitalize. i want you to hold on to it. i am not that crazy about that to begin with. robin in north carolina. >> thank you so much for your show. >> of course. >> caller: first time caller from north carolina. i really appreciate your analysis of the day's market moves and the description of the strategies you use in your trust funds portfolio. >> thank you. >> caller: it's great. my question tonight is about
6:10 pm
cree. i am down 40%. it looks like the slide isn't nearly over. i am leaning towards waiting it out and i think it may take two or three years for recovery and gains. what do you think? >> i have to tell you, robin. i think this is a real tough one. they had a bad comment this week. if you look at the longer term at cree the stock is up very big over a multiple year period of time. i am worried it could go back to where it was in the 2011 and 2012 period which means there is still down side. if you can handle that understand i know most people can't. can i go to peter in florida. >> peter from sunny florida. >> what's up? >> caller: everything is well. calling in about a stock down
6:11 pm
about 10%, 12%. want to know if i should hold, sell or buy some more. ubnt. >> coming under a lot of pressure. it is down 22% for the year. this stock is a source of funds between now and year end. i would not hold on to this stock. i think this is better as a tax loss generator. if it is an ira that won't matter. tax advantage people won't care. it is not a stock that i want to own. can't hold us down. rest of the world has not been able to pull us down. the bite might start again next week. you will be prepared. slicing into the dual edged sword giving us bigger gas prices but cutting into profits of players. i am drilling for growth. violent market moves leave you
6:12 pm
scratching your head. there is always a reason. you think the fingerprint censor in the iphone is cool? i am talking to a company that can recognize you without pushing a button. stick with cramer. >> don't miss a second of "mad money." follow @jimcramer on twitter. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoneyy.cnbc.com. an unprecedented program arting busithat partners businesses with universities across the state. for better access to talent,
6:13 pm
cutting edge research, and state of the art facilities. and you pay no taxes for ten years. from biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo... startup-ny has new businesses popping up across the state. see how startup-ny can help your business grow at startup.ny.gov
6:14 pm
for over 60,000 extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom.
6:15 pm
i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child. oil is being evisc rated what do you do with the stock of a production company torn to pieces? i am talking about mhr, the oil and gas play with high quality assets. a few months ago it was $8.14 stock and now trading at $5. relational investors, the hedgefund that we learned is going to wind down operations
6:16 pm
earlier this week owns a 15% stake in the company. maybe they have to sell. that is incredible production growth going forth. acceleration is 92% increase. not only does it increase production but growing reserves at a 99% annual clip since 2008. so is it safe to speculate? i think relational investors, whole oil market under pressure. let's check in with the chairman ceo with magnum hunter. welcome back to "mad money." >> good to be back, jim. >> in a vacuum if oil stayed the same since i have seen you last i think the conversation would go like this. was that the biggest find in the marcellus to date what you just landed in west virginia?
6:17 pm
>> actually, it was utica and it was one of the biggest finds of in shale in the united states. >> it kind of got -- it wasn't talked about a lot i think because of the monumental decline in the prices of oil and gas. in terms of the way your company is doing on its balance sheet isn't that production growth in what you landed more important than noise that might be around the company right now? >> well, there is no question. natural gas prices are hanging around $4. it's a great price. when you can find reserves as cheap as we are able to up in marcellus and utica which is the lowest cost based in the u.s. then we are making great returns. the market has definitely overreacted on all energy stocks and ours in particular. >> everything that they had touched and done i thought i
6:18 pm
respected and i think they were great investors. they are unwinding. what is the impact on magnum hunter? >> first of all, the relationship that we have with relational is excellent. and we are in direct contact with the principles there. and they have represented to us that we are one of the investments that they will probably look at having to do something with next year. but you don't see stock being sold now. they haven't sold a share that i'm aware of. and they haven't indicated they plan to. they are in this for the long term having to unwind the fund for reasons due to the health problems of one of the principles. there will be plenty of people to buy relational stock. when they are ready to sell the stock i'm sure they will call me. >> that is important because people are saying going to trade on a block but that is not the case. let's talk about the oil and gas
6:19 pm
markets. it seems to me that if i didn't know better i have been talking about this that there must have been a group of speculators or hedgefunds that bought a lot of drillers, smaller oil or gas companies because these markets have not given up the ghosts the way the stocks have been. there is some disconnect. can you help me? i don't get it. >> i don't get it, either. a huge disconnect. we have seen greater declines in oil prices and there is concern about what is going to happen for the future. we all know that opec can't handle these low oil prices. they will cut back production. it is coming. i imagine the next week or two. there is a basement here. but the way the funds have been selling these stocks it is like they are exiting forever like we are all going to the toilet. we are making great returns. you said it was going to be big. the way you described you were
6:20 pm
being conservative. i need you to put it into context of what came out versus what the most bullish guys thought was going to come out. it is a pretty amazing story. >> so the utica as we have known it really started developing in northern ohio and moved into central ohio and everybody thought central ohio was going to be the core of the play. we felt like the play went further south because the utica goes deeper. when you go deeper it is higher pressure and youtypically have higher volume. we were concerned about possibly getting into the volcanics where the gas is overcooked. that didn't happen here. we had a very high productive well. 46.5 million cubic feet of gas day. to put that in a barrel of oil equivalence out of one well we own 100% of it. we believe the play will continue to extend further south and we have plans to continue
6:21 pm
developing that. more importantly for magnum hunter we have four pads coming on between now and year end taking production from 17,000 barrels of oil in the next 90 days all from capital spent earlier in the year. >> you actually have great pipes unlike a lot of other companies where they find stuff and can't get it to market you have the ability to do so. >> we actually flow that gas directly into our own mid stream subsidiary. there wasn't one mcf flared in the atmosphere. we typically lay gathering lines to the wells so when we complete the wells the gas goes right to sales. >> in a vacuum i think your stock would be a ten. i understand why your stock is five. i want to thank you. good to see you, sir. >> good seeing you, jim. thank you for having me.
6:22 pm
>> it is a crazy market. i read about this find in the local papers. it was extraordinary. i thought the stock would be up big. we got the break down in the oil and gas stocks. even though this is not gas then we have the relational it is hard to figure it out. at least you understand in terms of the actual mechanics this was a very, very big couple of weeks for mhr. "mad money" is back after the break. >> unhackable? the fingerprint censor made iphones more secure. is a better solution ready to break out? cramer is taking a closer look at a company that says the key to your digital security is right in front of your eyes. guys! you're not gonna believe this!
6:23 pm
6:24 pm
watch this. sam always gives you the good news in person, bad news in email. good news -- fedex has flat rate shipping. it's called fedex one rate. and it's affordable. sounds great. [ cell phone typing ] [ typing continues ] [ whoosh ] [ cell phones buzz, chirp ] and we have to work the weekend. great. more good news -- it's friday! woo! [ male announcer ] ship a pak via fedex express saver® for as low as $7.50. [ male announcer ] ship a pak via fedex express saver® in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you.
6:25 pm
so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. hedge funds made me do it. i just didn't know that is why. lots of times you hear me say that was flailing around or yesterday like how the market rallied at 11:43 on wednesday for no reason that was hedgefund capapi capitulation. there are real reasons why the market did what it did. different from my glib hedgefund deduction. maybe critics are sensitive
6:26 pm
because they are hedgefund managers themselves. maybe others refuse to believe that the actual buyers and sellers of stocks could have that level of impact and like to believe everything happens for a rational set of reasons related to fundamentals or don't understand that the stock market is a market and all markets are controlled by supply and demand. supply and demand don't just matter in the real world. they matter in the stock world, too. sometimes there is as much supply as there is from any commodity producer. the demand side they can't handle the merchandise even if it is high quality all at once. these critics are either wrong or perhaps they are clueless. let me figure and explain the way the world works. at this point normally i say let me explain. i always explained it in confessions of a street addict
6:27 pm
how hedge funds can extort the market to an extraordinary extent. i wrote how the stock market almost fell apart in 2008 because of a huge hedge fund blew up causing a gigantic amount of collateral damage felt in the stock market. there are always events that cause the collapse. in 1998 we had the asian contagion where asian economies lost their life lines so the growth hit a wall. it was hard to figure out how down turns could impact the earnings of our companies in our own country. so at first i ignored it. as our stock started plummeting with the only thing happening being the down turn in asia i began to presume that many companies i owned shares in were being hurt. some way i couldn't figure out. in particular, i was aghast at
6:28 pm
how many regional bank holdings were being crushed and major money center banks and brokers without that much exposure were being taken to the wood shed relentlessly. at the time i didn't put the two together that it was the link to our markets, not the fundamentals themselves. it was them pulling back and hurting everybody that had given them credit. i was giving up my shares in some of my best companies because of the margin call from long term capital after the fed took the extraordinary stance of intervening to cut interest rates that i actually understand what was going on. i never forgot that lesson. the lesson being that all really was well and the fundamentals were in tact except with a couple of hedge funds that is. these days there are too many people who seem to forget it. go back to 2008 when we saw it happen with dozens of hedge
6:29 pm
funds on the wrong side of a series of commodity trades not before they took them on for a ride higher or lower with them. it is obvious that a lot of hedge funds particularly oil blasted to smithereens. you are seeing it in the drillers. the oil staws, the futures, anything involving energy. demand isn't really that hard in the real world but hard in the paper world. other hedge funds were crushed when a federal judge ruled fannie mae profits stay with the government and others specialize and were crushed by tax inversion derived mergers. when the smoke cleared on the issues the stock market rallied. that's what happened. understand i am not being
6:30 pm
cynical and i play pin the tail on the hedge fund. history says that in times of real stress the hedge funds can play a much bigger role than the fundamentals when it comes to the stock prices you see on your screen at the close of the market each day. brian in texas. >> caller: how are you doing? from dallas, texas. >> how about you. >> caller: doing fantastic. inquiring about j.c. penney i was curious what you think. >> i some surprised that stock pulled back the way they did. i think this is a great level to get into j.c. penney. you are all emersed in your work and i didn't see the stock had gone down below 10. i should have said buy, buy, buy. >> caller: doctor cramer, bank of america. >> what can i say? this is finally happening. the government is out of their
6:31 pm
face and they have finally settled a lot of the lawsuits and the lawsuits are behind them and have the incredible deposit base. bank of america one of the largest positions and all i can say is i wish it were even bigger. i got 30 years of experience that i use to help you out. i am not being cynical but historical. the one playing big role in stock prices roith now. go read the real story. there is much more "mad money" ahead. i have a tech player that says it is better. you don't have to lift a finger. i am talking to a company that claims to be unhackable. think your portfolio has what it takes to survive peaks and valleys of wall street. it's the lightning round coming right up. stay with cramer.
6:32 pm
6:33 pm
your customers, our financing. your aspirations, our analytics. your goals, our technology. introducing synchrony financial, bringing new meaning to the word partnership. banking. loyalty. analytics. synchrony financial. enagage with us.
6:34 pm
that's my bank. >> it's fdic insured. it's a victimless crime. >> that "breaking bad" episode showed it wasn't victimless.
6:35 pm
we have a serious bull market in cyber crime. last month we learned about the home depot hack. 56 million credit cards at risk. yesterday we found out a cyber attack when jp morgan may have compromised the accounts of 17 million households. in a world with biggest most important companies can't protect customers how are you supposed to protect yourself? tonight we take a closer look at a company that may have part of the solution called digital infrastructure security with very promising offers. the i.d. enabled atm software allows smart phone to connect with atm. information that can be stolen. it uses your smart phone's camera to bio metrically identify you through the shape of your face and the phone interacts with the atm to get your money. almost no chance of personal
6:36 pm
financial data being stolen. another app does roughly the same thing. rather than relying on user names and passwords you use camera in your phone to identify yourself that way your passwords from g mail or twitter can't be stolen. take a closer look with hector hoyos and find out more. welcome to "mad money." have a seat. >> pleasure to be here. >> great to have you here. too good to be true. my executive producer said maybe he will show you. >> i am right here to do that. let's give it a shot. >> you take your smart phone whether android phone or iphone and you select how much money you want and you come here and scan the qr code on the atm and you bring it up to your face and acquires and matches bio metrics and sends message to the
6:37 pm
financial institution and there is your cash and your receipt. you have to make sure you keep receipt of that transaction. >> so i don't put my number in. >> there is no card and no atm number to be used. >> much money being lost skimming. >> about $1 billion according to secret service and growing. this is a very easy and convenient solution for customers and institutions themselves. there is no cost. no up front capital cost. you don't need to send the technician out to retrofit equipment. everything is done with technology built into the smart pho phone. >> he was saying not only does this work for that but i can get rid of all of the seven passwords i have because i created that i can never
6:38 pm
remember. >> we are releasing that out for consumers so you will be able to link user name and password. financial institutions take software and implement it -- no risk of hacking. what happened with jp morgan hack. i changed my password every two weeks. i'm not that concerned. most people don't. >> the celebrities hacked this is their solution, too. >> yes this is here with real technology. we integrated this solution with the atm. we implemented one of the largest in the united states. >> we know their stuff is fabulous. we did it in three days. three days in the production implementation environment with one of the largest top banks in the united states. it did not require any support.
6:39 pm
no hardware. >> here is a logical question. this is so great. why isn't every bank doing it right now. why aren't they calling right now? >> we are announcing this technology. we are -- this is effectively, this is our month of launches and we are launching this product effectively here today at your show. we are working with a major bank in europe and turkey called guarantee. they is in the process of deploying technology. they are working with several major banks. europeans always been much more advanced. now in the u.s. this is here and this is here to stay and resolve all of the fraud problems. at no cost of the institutions. that is the important thing. all solutions being offered by
6:40 pm
atm manufacturers, thousands of dollars per unit plus you have to send technician out to the field. how long will it take to retrofit atms? >> for you which is just kind of one. i am kind of blown away. the first thing i am thinking about was if apple unveiled this when they did the big meeting and unveiled the new iphone 6 this would have been the blow away thing that we wanted. has apple contacted you about including it? >> they have not but we are including them in our one year release. when we launch october 17 you will be able to use apple touch i.d. as well as face and iris. >> with my iphone? >> with your iphone. or android. >> well, here is the last thing i will ask.
6:41 pm
the average person watching wants to know how to buy shares in hoyos labs? >> from your lips and god's ears. we tell them to stay tuned and go to 1 uapps.com. it is a 30-day free trial. we guarantee that they will never ever have to remember a user name or password again. >> what can i say? i think it is stunning. it is stunning. >> i have a great team of folks backing me up all over the world. >> i just want the app. thank you so much to hector hoyos ceo of hoyos labs. stay with cramer.
6:42 pm
6:43 pm
today could be the day. the day we give you hope. relief. a cure.
6:44 pm
today, we believe every life deserves world-class care. as one of the top four hospitals in the nation, over 100,000 people from around the world come to cleveland clinic for care each year. and we're ready for you with a second opinion or a same-day appointment today today today and everyday. call today, for an appointment today. it is time. it is time for the lightning round! and then the lightning round is over. are you ready? it is time for the lightning round. i'm going to start with dave in
6:45 pm
pennsylvania. dave >> caller: jim, great show. what a great education i have watching you on the stock market. >> thank you. >> caller: my stock is kkr. is it a buy at this time? >> i think it is. the stock is under tremendous pressure. i don't really understand why. sometimes you have to step back and say i don't care. the company is doing quite well. it has a 12% yield. i am going to say kkr for me. it would be great. let's go to kyle in california. kyle. >> my question is about omnicare, ocr. i read the register. >> one company i have not recommended enough, 52-week high today. >> let's go to guy in new york. >> hi, jim. i have been in and out of energy
6:46 pm
since you recommended it at 18 a while back. would you get back into it? >> too soon. we have to see what will happen. when we see this liquidation and when oil finally bounces and stocks stop selling we will know. we are not going to get in front of what is absolutely a freight train of selling. the time will come. patience is warranted. christopher in new york. >> boo yeah. glw? >> got the contract with apple and all so exciting and everyone went to town on it and then the stock has been rolling over. i think it is a great long term hold. i happen to like apple. apple is still expensive. i saw deutsche bank downgraded today. i say i like the trajectory of the earnings.
6:47 pm
thomas in florida. >> how are you doing? >> i'm doing well. how about you? >> caller: doing great. my question is about kndi. >> go back to low teens and went up again and now we have no opinion on kndi because we like alibaba. we like vip shop. cynthia in colorado. >> caller: hi, jim from winter park, colorado. my stock is franks international. >> oil and gas. when we talked earlier about another company it just really doesn't matter. this group is for sale under liquidation. it is too difficult to be able to call bottom just yet. i am an understanding individual about the way the market talks about stocks and thinks about
6:48 pm
stocks as i said at the top of the show. as i wrote all week you can't trust the holders of these stocks. that is why they are going down. it is the holder's weakness and not the company. that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. what do people turn to when the market gets hammered? i just turn to beer.
6:49 pm
although be careful that's how you end up sleeping on your dirty linoleum floor. real good taste in beer like coors light, my drink. in talks with various banks to talks of acquisition of miller. we have been hearing a lot of chatter about the impending death cross. a lightning rod to cause the markets to get crushed in 2013. the whole market is about to get slammed going down there, give it the business. everything is about to fall apart! >> bring on the death cross. golden cross. that's a skull.
6:50 pm
>> the only thing you have to fear from the death cross is fear itself. jim cramer, you are one of my heroes. >> i look forward to your show every week night. thank you so much for helping beginning investors like me. >> when you talk about the markets i believe you are spot on. >> thank you so much. every night we watch you i have learned and earned. you know what my business philosophy is, reynolds?
6:51 pm
no. not exactly. to attain success, one must project success. that's why we use fedex one rate. their flat rate shipping. exactly. it makes us look top-notch but we know it's affordable. [ garage door opening ] [ sighs ] honey, haven't i asked you to please use the -- we don't have a reception entrance. [ male announcer ] ship a pak via fedex express saver® for as low as $7.50.
6:52 pm
i always bet on red. >> i i recently acquired three hell fire missiles at a considerable discount. >> if you give me what i want i can still call off the other two. >> i will need to borrow your phone. >> red is the new black. >> james spader in the black
6:53 pm
list mondays after "the voice" on nbc. you can't deny we have had a crazy week. on wednesday we saw sheer panic. today's jobs numbers seem to satisfy the market at least for now. this market may feel like see saw on turbo charge. things can help you feel steadier from the beer sector to restaurant and retail plays that work. the most important tip for making money is making sure you mix up your exposure to each sector. that is why we play cramer favor. i tell you if your portfolio is diversified enough. let's start with a facebook post from sharon huffman who asks apple, facebook, kohl's, best
6:54 pm
buy, jim cramer am i diversified. best buy retailer and kohl's retailer. we have to get rid of best buy. facebook and apple they are not trading together. i am going to let this be technology and social media. tekmira speculative drug company. they go up more because of the terrible ebola situation. i sit back and say what does this portfolio really need? i think it needs an industrial. and the one that i'm going to pick is one that is very down that my trust has been buying here, united technologies. hasn't moved up one bit during this rally. let's go to jack in connecticut. >> jim, a big rhode island ram boo yah! >> i like that. >> caller: my son, max, is a business major. we have five stocks for you.
6:55 pm
celg, pnc, mbly, lng and isis. >> now, you are going to have to do thinking. this is a young person's portfolio so therefore we have said we like speculation. there may be too much speculation. we have celgene and isis. i think that is too risky to have both even though we know we like isis but we put isis on hold and keep celgene. we have pnc which is a fine bank. we have mobileeye in new cadillacs. cheniere moved up too much. the whole lng group is going down. that hasn't gone down enough. that is probably going to go
6:56 pm
lower. i want to switch it out and put in -- we have technology and a bank. we are going to stick with united technologies. that would be the industrial this portfolio needs. if isis comes out let's give it i'm thinking i want to have something so rock solid. what you need here is an american electric power. i need something so grounded. dominion resources to give you the kick of cheniere because they have natural gas plant that will be exporting. these things are not easy particularly when there is so much speculation out there and the speculation bubble has clearly --
6:57 pm
your customers, our financing. your aspirations, our analytics. your goals, our technology. introducing synchrony financial, bringing new meaning to the word partnership.
6:58 pm
banking. loyalty. analytics. synchrony financial. enagage with us.
6:59 pm
we had a terrific non-farm payroll number today and it did ignite the markets and took off the table the possibility of a sinking back into a slow down if not a recession. that is terrific. we will have to keep our eyes over in syria where we should be concerned about isil and on ebola. when the outbreak was announced in dallas it did send a lot of
7:00 pm
domestic stocks down. let's hope for the best in that situation. if we get clarity on earnings next week i got to tell you we can go still higher. there is always a bull market somewhere and i promise to try somewhere and i promise to try >> the new york city subway -- an engineering marvel built of fire and steel. >> the subway's the way to go. get me home. get me uptown, downtown. >> workers in brazil weld the car's mega-strong body. >> new york city is the toughest customer that alstom ever had. >> and workers in new york assemble it mostly by hand. >> there's gonna be a lot of steam. >> to build one of the world's most vital lifelines, it takes a global commitment to quality. >> the most critical part of this process is the precision manufacturing, because it operates in a very harsh environment. [ buzzer ] >> to sa

199 Views

info Stream Only

Uploaded by TV Archive on