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tv   Mad Money  CNBC  November 21, 2014 6:00pm-7:01pm EST

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carter? i prefer call spread toong stock. >> those looking ahead can use at the money in january. >> looks like our time is expired. see you back here next week at 5:30 for more "options action." have a great weekend! my mission is simple. to make you money. i'm here to level the playing feel for all investors. i prompts to help you find it. mad munn starts now. hey i'm cramer. welcome to mad money. i'm trying to make you a little money. my job is not just to entertain but teach and coach. so call me. or of course, tweet me. all right. this is a tough cay for me. i lost my dad earlier this week. i'm here because that's what pop would have wanted. he loved the show. because of the incredible
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outpouring from you. on a day where the dow climbed 91 points, s&p gained and nasdaq advanced. their weakness is not their weakness. our strength is not our strength. we can be thrilled about the one-two-punch of lower chinese interest rates and more promises from european central bank that we're responsible for today's rally. but until we see the huge infrastructure jobs and the wasteland. until we see the germans spend a half trillion dollars to stimulate their economy, something that angela merkel's government seems unwilling to do. you need to be careful. we're the ones with the strong economy. we have a federal reserve that get it is. that understands the number one jobs is to make our economy stronger. my late pop believed in the fed. more on that later. and you know where i stand on the one part of our government that is committed to encouraging
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hiring and business formation. the fed. but our strength is not their strength overseas and vice versus. i don't want anyone to get too excited and pay for oriented companies even good ones like caterpillar. and prices that are much higher than where they already are today. if you believe europe and china are turning, you know, go buy gm. it's done nothing. no. it's since been worse. but, you know, the company is not as hard as you may think. it's okay. but as long as angela merkel herbert hoover in a pantsuit runs germany than the european central bank will be -- germany's largest economy in europe and merkel has been dead set against stimulus. i think only the possibility that a radical right wing regime might spring up somewhere in europe could change her mind. honestly i think merkel's intrance again is playing cool to the other members of the union they have profited from my other country. even the horrific nazi regime
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embraced stimulus in the midst of recession. but today it's too far. it's ridiculous. don't get carried away about the stocks of companies that depend upon the rest of the world. it's a raw store. a move that is about the u.s. or some of these companies that do well even if europe fails. the rest, you have to do a lot of hoping. i hate hope as an investment strategy. i'm hope for an eagle's victory on sunday but not this. washington is going back to the normal partisan ways. practically overnight. the president is fighting with republicans. keep an eye own this. it's destructive to congress. as i tell you get rich carefully. the political scrabbles in washington has been the prime cause since the great recession. i see no reason not change go forward. you have to hope republicans go to court to stop obama rather than organize strait another horrible shut down that hurts
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business. our government has dissolved into a reality tv show. it might end okay, drama leading to the outcome can do some real damage to your portfolio. right there. i have to put that in your head. the market is pretty buoyant here. let's go over the game plan for next week. first, on monday at the close we hear from two of my absolute favorite companies that also happen to have ktwo of the most expensive stocks. palo alto and workday union capital. like a cloud based company. unfortunately the names have sky high evaluation matters now. you have to hope they're like splunk. palo alto as terrific as it is trades at 78 and up 90% year to date. workday has a lot of inferior competitors. times you can love a company without being crazy about the
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stock. that's how i feel about these two. next is up the shoe market. is it alive? is it well? and is it a dsw designer shoe ware house? i think so. the stock is down 22%. i like that. we'll find out for shoe on tuesday morning. that said, i had to check my bullishes here. reer ha reversal in foot locker today. can't get carried away. especially chemical maker valspar. i wish it went so close to the high. it makes it more expensive than coatings competitor. and it may not be as good as ppg. if it comes in, because the industry itself is red hot, we hear from tiffany which has too much exposure to japan for my tastes. i say maybe a little more cautious. then there's -- i personally am not a big fan of having a huge slice of american cheese on my
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apple pie. many americans are. and they have money in their pockets. more money than they thought when gasoline was $4. that's why the stock has been on fire. and why i expect cracker barrel to report a cracker jack quarter. we gets results from hue lard packard. i can't wait to get my hands on the 3-d printer business that will put the printer stuff into a new company hp. they somehow manage to screw up. not the quarter but the conference call about the quarter. this is another name where the company is better than the stock but it's not expensive. typically to your report a terrific number. everyone goes crazy to the upside and the premarket. management starts the conference call. and the stock gets slammed. these guys are cold water throwers at heart and soul. drives me crazy. it's, their style. maybe this time it's different. famous last words.
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we get results from seadrill. maybe they'll tend not to drill down too much. that makes the stock a little dangerous. i know, you love the yield. thursday is thanks giving day. go be with your family! heaven knows that's what i'll do it. i mean it when i say that. finally, the japanese economy is truly all of. on thursday and friday we get the verification. they don't celebrate thanksgiving in japan. they're issuing their housing numbers. they'll be awful. remember, their weakness is not our weakness. keep thinking that. here is the bottom line. when you hear officials in china and europe are doing something to turn the economy around don't let it run away from you. it's about u.s. stocks that don't have much international exposure. stick with what is working. please be a little circumstance couple spect about everything
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else. let's go to cherie. >> caller: hi, jim. i'm wondering for it's a good time to add to it. to sell or hold it? >> i want do you hold it. this group had a bit of a dive. i think a lot of people are feeling the stocks moved up too far too fast wait to add more. get a better basis. i care about by sis. let's go to jay in texas. >> caller: hey, jim. i'm a huge fan of your work. >> thank you. >> caller: i wanted to pass along my condolences for your personal loss. >> thank you. we'll talk about that more in the show. thank you. thank you. >> caller: and the stock i had in question today is the struggling honda moters. >> yeah. i don't want to court problems in overseas automakers. we have gm and ford down a lot, and they themselves have to struggle. these are companyies that are
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play on worldwide growth. that's why they've been bad. i've been telling people own gm. it's not been a good name so far. i believe if you think europe is going to turn around then gm is the place to be. when it comes to china and europe turning their economies around. please do me a favor and kush your enthusiasm. millions of americans are ready to spend their hard earned green this black friday. before you set an early alarm and hit the mall. i have three stocks that are hinting at the help of the luxury consumer. whether it's your pet or entire farm. there's one company providing care for them. i'll give you the scoop. a special tribute to a special man who taught me everything i know about business and whole lot more. why don't you stick with kramer.
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i know my father is the greatest guy in the world. unlike the other dads who told their kids to read the sports pages, my dad -- go ahead! rip them off! show it! my dad! [ cheers and applause ] instead, he had me read the stock pages! >> all right, let me give this a try. pop loves seven things. his business, the stock market, his independence, his work outs, his country, the eagles, and his family. he talked about them until he died wednesday night in a hospital in philadelphia. pop worked all his life, he was supposed to retire when he turned 90. a little more than two years ago. he couldn't bring himself to stop working. he had built a business over 50
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years. his national gift wrap and box company and the international packaging products. he changed the name because he sounded bigger. he sold gift wrap, tape, stretch bands, boxes, mostly 5 x 9. that's inches. and ribbon and everything else retailers needed. mostly to mens and women's apparel shops and jewelry stores. when most of the customers were wiped out like the big box chains he switched to an idea he knew would work. doggy bags. philadelphia were thrifty. he said they were cheap and they would take home left overs from restaurants. he got them made in china. the chinese loved him. in his 70s rerebuilt his business with the beautiful take out bags most of the gift wrap went out of business. they were wiped out by the take overs. and the same with the boxes and
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bags. he was a if you can't beat them join them. he worked with the chinese. his last order for this. my brooklyn restaurant. people love the bags. he said i bought the second highest quality one. the four seasons in philadelphia have the highest quality. he officially closed shop in 2012. but i caught him trying to type an invoice earlier this year even as his fingers started failing. he didn't want to let his customers down. he got an mba after the war and he taught me everything about business. i made sales calls for business. kept me in the car but i heard the action. some people treated my father terrib terribly. he worked seven days a week during that time. we had many lane years. getting him stuck with printed bags. i used lunch bags for years. some deadbeat women's clothing store that stiffed my dad. that's how it works with small business. inventory was the bane of existence.
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he drummed that into my head. too much christmas wrap after the holidays it was hard to put food on the table. it's why you should hate recessions and love anyone who tries to make things better for the economy. pop thought ben bernanke did a great job. pop loved the stock market. he loved cnbc. he watched "mad money" religiously. he loved marquise. he loved our shows. he was thrilled when he got to meet anchors like david faber, brian sullivan and many others. met them at the ball games. he followed hundreds of stocks. he loved the interviews. we talked at 7:01 p.m. right after the show. just go over it. right after "mad money" was over. on his last night he told me to be careful of the priceline. i won't reveal the name but he told me a recent guest was a big phony and he doesn't know his stuff and the stock should be sold. he loved my nephew wrote "mad
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money" with me. he thought that steph was terrific. he stayed active watching the network all day with his computer by his side. reading the words as they came out. he was the cnbc junky for sure. i know, it kept him alert. he loved the bosses for treating me right. he loved my lawyer and agent for keeping me out of trouble. i had a pension for that. he loved when i was on the "today" show and he hated a certain comedian who embarrassed me for no reason. i won't mention his name. he thought our executive producer was amazing. my mom died in 1985 but he still loved her. he never remarried. he talked lovingly about her and wished she had been there. he thought she was an angel. but she was. he took his independence seriously he lived in philadelphia for almost 30 years. he bought the long-term care insurance. when he had a stoke three years ago we had to fight them who
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wrote the policies to get the money they owed him to pay the nurse. i hate those guys. we wouldn't let them get away with it. don't tell pop it cost almost as much to get them to keep their word than what they reimbursed us for. thank you maureen for her doing her best. i won't mention the company's name but it was a disgrace. if you had have that insurance or your loved ones do, be prepared for them to screw you. i hope they won't. many will try. i know, that now. my father loved working out. he did so almost every day until his mid 80s. he was strong as an ox. they called pop the animal. he had a huge number of friends from the gyms. if you're old, keep working out. if your parents are old, buy them a gym membership. do it today. he had to lift the bags and boxes. the truckers reunionize and they usually didn't help. even in his 80s. thanks for nothing, guys. except it kept him strong. my pop loved his country. he volunteered for world war ii.
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i went through papers and i found his honorable danger and he won a bronze star. i didn't know that. he didn't talk about the war. said it was too horrible and he killed too many people. he was part of the occupy force and he said the japanese were humbled and respectful. he liked that. he met tyrone power. he was a soldier then in kyoto and he was nice to him. he never forgot that. he liked that war remembrance. he loved going to the eagles games. we had season tickets with my buddy tom mcgrath. pop got pneumonia in 2005. he never wore anything but the light jacket. he was real sick when we went to the super bowl. he wasn't going to miss it. after the battle with pneumonia tommy and i bit split a box so he wouldn't get cold again.
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we didn't like to miss games. he couldn't go this year. three weeks he told me he was going to the titans game this sunday and he would be willing to use a walker or wheelchair. we sat next to each other. he loved the crowd in the box including the cnbcors i brought. especially the crew! he loved the crew guys! and the anchors. he always said the anchors call me ken. they called him mr. kramer. most of all, he loved my sister and he loved me and his grand kids. my sister nann took much better care than i did. we wered a his bedside. he was lucid until the end. people don't realize he was. 92. at 10:30 p.m. he said to me, jimmy, now we know why sanchez was just a backup quarterback to
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field go he told me jeb bush would ran if he ran. he knew politics well. he gave me concrete ideas about business two hours before he died. even though he had an oxygen tube. my sister and i slept on couches next to him. he was glad he his pals around him. he loved us. he said the same. the last thing he said other than see you morning. we didn't. we went to sleep and when we awoke he was no longer alive. we didn't see him in the morning. it was our last day together but it was our best one. that's how it should be. strong to the end. so long, pop. we love you! my name is ken cramer.
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i'm jim cramer's father. [ cheers and applause ] >> my father is a very tough, hard working, i'd say louder man who really and truly is dedicated to the idea that hard work is a great thing. >> i was mostly an outside salesman. didn't come into this place very often. i traveled. and that was that. >> yeah, on the road. on the road out there hustling. this is something, i think, is lost art in america. you don't hear many people doing it. but pop is a boots on the ground guy. >> i liked it at the time, but in retrospect, it wasn't a great job. >> i mean, i have been on sales calls with pop.
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i'm very proud to watch it happen. when i started selling at goldman sachs i remembered the things pop taught me. >> i worked jim very hard when he was here. but he worked hard at school and sports and business. ♪ >> the lesson that my mother gave me was that you should not devote your life toward the pursuit of money. i wished my mom had lived to see that i wasn't just selling stocks and bonds because he was not shape with that career. she felt that career was a waste. she wanted me to be creative. she was an artist. she said that you had certain gifts you could write. she knew i was a writer. finally, on "mad money" i'm writing. >> it skipped a generation.
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he didn't get the drive from me because she wouldn't let me work hard. she said i want you around for a long time. 57 she disappeared. ♪ she was the perfect thing, and that's why the kids are as good as they are. i hope for the best for him. i wasn't going to determine what he would be. my dad instilled a world where if you worked hard you would succeed in this great country. >> keep up what you're doing. we're all proud of you, and we are! [ cheers and applause ] >> all right, dad. hit it! >> stick with cramer! [ cheers and applause ]
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twhat do i do?. you need to catch the 4:10 huh? the equipment tracking system will get you to the loading dock. ♪ there should be a truck leaving now. i got it. now jump off the bridge. what? in 3...2...1... are you kidding me?
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go. right on time. right now, over 20,000 trains are running reliably. we call that predictable. thrillingly predictable. [annit's working forny. new york state. already 41 companies are investing almost $80 million dollars, and creating 1750 jobs. from long island to all across upstate new york, more businesses are coming to new york. they are paying no property taxes, no corporate taxes, and no sales taxes. and with over 300 locations,
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and 3.7 million square feet available, there's a place that is is right for your business. see if startup-ny can work for you. go to startup.ny.gov. get to the terminal across town. are all the green lights you? no. it's called grid iq. the 4:51 is leaving at 4:51. ♪ they cut the power. it'll fix itself. power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable. as we head into the holidays, how do we take the temperature of the american consumer? simple. if you want to measure the strength of the consumer, you
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look at the stocks of companies that make discretionary products. things that people buy because they want to not because they have to. it turns out right now three of the most discretionary stocks on earth are fuego. i'm talking about harley davidson, the maker of motorcycles. the top manufacturer, and polaris industries which is about snow mobiles and terrain vehicles. what do 0 a yacht, motorcycle, and snow mobile have in common? they're darned expensive and they're the three items you least need. these are essentially play things for the rich as well as extreme enthusiasts who are happy to shell out their save physici ings if it means they can have a terrific bike or boat. these three stocks tell one powerful story. at least when it comes to the wealthy. this holiday season is going to be a fabulous time for gift giving! let's go through these three para god.
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they are discretionary spending. one at the time so you can see what i mean. starting with harley davidson. the app we tickered hog. which run up to $69 even if it's still off the all time highs. they reported a terrific quarter a month ago. a higher than expected 4% increase in worldwide retail sales came despite tough comparisons. harley -- it blew away the gross market. company posting a 34.9% gross margin. wall street was looking to 33%. that little bit means so much to the bottom line. things are only going to get better going forward. u.s. dealer inventory levels remain near the lowest level over five years which is terrific for harley. it means they won't have to discount to move the goods. the company put through major cost savings initiative through the end of last year. that are now on track to deliver
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$320 million in savings by 2014. hari is focussed on growing the overseas exposure. how well is harley doing? let me read you something from the latest congress call. as we exit the third quarter, we believe our brand is rock solid and they were strong as ever. evidenced by solid market share performance, strong u.s. outreach results, a healthy mix of new to brand customers, and a shorter repurchase cycle. in other words, that's a statement. business is good. next up there's brunswick corporation. bc. the number one maker of recreational boats on earth. including everything from fishing boats and yachts like my beloved 17-foot boston whaler which seems unsinkable except when i'm at the helm. ♪ talk about irony. they also make boat engines,
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fitness machine but it's the boat business that drives the earnings. they reported a company posted a 5 cent earnings off a 50 cent basis. higher than expected sales climbed 13.1%. every single one of brunswick category sold double digit growth. while imagine the four-year guidance was in mind they raise the by 10 cents. i think they're in good shape which is why the stock is trading at 48 less than $2 off the high. the recreational boating market is in the upswing thanks to a combination of replacement cycle, and increased boating participation rates. stock has been volatile for most of the year. it's run up 22% in the last five weeks. investors see a ton of excitement surrounding the new models and expect 2015 to be a good year. we're in the middle of winter boat season. that's right. winter boat show season. there are boat shows and people have them even in winter. which is about the last time you
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would expect anyone to go sailing but the fort lauderdale show kicking things off last month. brunswick has gotten upbeat feedback saying sales grew considerably. in particular, get this brunswick's new larger 50-foot plus yacht and 40-foot plus boston whaler fishing boats are flying off the shelves. they have the right products hit the market at the right time. you can still buy brunswick stock and profit from rich piece's sensational demand. as a boston whaler owner i have to admit they're a lot of fun. there's polaris. the maker of snow mobiles, motorcycles, just like the others this stock is higher over the past five weeks. in part because investors are recognizing that wealthy consumer have begun to open up their pocketbooks. company posted a 4 cent earning
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off $2 basis. higher than expected revenue. jumped 18% year over year. the off road vehicles are up 17%. the company took market sharing environment where we're seeing strong demand for all terrain vehicles snow mobile sales were up 13%. and they supported an increase of number in snow mobiles shipped. dealer inventories are at low levels. the company's smaller motorcycle business which is taking share in big ways spes specially in india saw the sales increase. the parts, garments, an accessory was up 20%. the company opened a new manufacturer facility in portland in order to keep up the demand for the products. how much do you like that? even better management made scott wynn who came on the show raised the revenue and earnings forecast. it's coming from a company that had a track record of giving
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fairley cautious guidance. hey, it was 32 degrees in all 50 states of the union earlier this week. if you want to know what is working. look at harley davidson, brunswick, and polaris. they're selling like flap jacks! which tells me the high end consumer is about to have a happy holiday season. and the three stocks which have been on fire still have more room to run! a lot more ahead on "mad money." including your pets. i got to the ceo and the life changing test. it's already doubled this year. i'll see what is next. plus, the stock stories just ahead. stay tuned for the lightning round.
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what do we do? the number one animal health on earth by pfizer earned last year. bill is taking an 8% 5 stake in the company. after trading sideways for ages. rallying 37% since we last spoke
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to the ceo this past june. the company had an excellent analyst. they highlighted their consistent growth and enormous opportunities to boost margins and we know ackerman will pressure to bring out any value any way it can. even as the company is doing a good job by itself. including the $500 million buy back plan. let's check with juan the ceo of zoetis. find out where his company is heading. good to see you, sir. >> good to see you. >> i want to set the situation here. because there's an amazing number you had at your analyst meeting. there are 300 million dogs and cats that are pets? >> correct. and growing. >> and this is your target market. that and livestock. >> that and livestock. countries like new zealand, china, russia are growing by more than 15% every year. so it's a great opportunity for
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animal health companies. >> and it seems you had to see a trend in this country. i think having just been involved with some things that people take care of their pets as well as they take care of their relatives. >> that is correct. because they love their pets. they feel responsible for their pets. and they provide the best care for their pets. >> that could be good for many of your products. >> this is definitely very important for one of the segments we have in our company, which is animal. and also we have livestock. which are providing food. >> i work with your people that you were the first to come up with -- you are the research leader in vaccines for when we read about these terrible blights on animals. >> we are very proud of our team.
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related to the swine effectied n the south. and we worked very hard. we were able to bring a vaccine to treat the sow. >> right. the sow. >> i'm trying to understand. you got a phone call from an activist. that's how understand it. that's the way. what did he say to you? what does he want from you given what you've done so much? >> i think he understands that the animal health industry is very effective investment opportunity. also, that leading the industry on what we have to have the business model. we have the financial strength to capture the opportunities that will bring in the future. i think we -- >> yeah, but what does he want and does it diverge what you want. i see valiant, they teamed up,
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the thing they wanted to do was cut the rnd, take away the guts of the company, i felt. the guts of the growth. is that what he wants with zoetis. >> we want to create -- >> okay. >> and all shareholders. and from day one we have a plan to create this value. we have a plan to create value short and long-term. >> you put in a plan to be able to make it more difficult to be taken over a shareholder rights plan. because of mthe phone call? >> it is something that our board they want to make sure that all of their shareholders -- than is part the what they took. >> what would make these managers enough money? what do they have to do in life that they need this? >> this is something i cannot respond. >> i was kidding. >> what i can respond to you is we're focussed on ensuring that
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our company is growing. >> that's all we can ask for. the ceo of zoetis. monday kick off the trading day with squawk on the street. ♪ there's confidence... then there's trusting your vehicle maintenance to ford service confidence. our expertise, technology, and high quality parts means your peace of mind.
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it is time! time for the lightning round. and to hear the sound and the lightning round is over. are you ready? it is time the for the lightning round. i'm not suwith gina. >> caller: my stock is pharmaceutical. i think the technology could be terrific but that does not
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justify a huge evaluation. i think that's why the stock is going to be range bad right now. let's go to sammy in louisiana. >> caller: hey. i want to wish a early happy thanksgiving and early christmas. >> thank you. >> caller: when you buy another book i'm going write it. you're the greatest ever. >> wow. >> caller: i want to let you know that. >> thank you. >> caller: and also, jim, what is your take on wendy's? >> you're from louisiana. >> >> caller: yeah. >> pop eyes. i'm full of it. pop eye's louisiana kitchen. that's a better do than wendy's here. john in florida. >> caller: hi. how you been? >> caller: okay. haven't spoke ton you in awhile. hope everything is fine. >> yep. >> caller: two weeks ago, there was a reverse stocks on dinavax we're playing with fire there. it's not a high quality stock
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for me to recommend. let's go to dennis in illinois. >> caller: from illinois! thank you for taking my call! i love the book. i love the show. >> thank you. >> caller: you're writing acumen are so impressive. ford, what is going on? >> ford, all right. these are placed on international growth. we don't have anymore. that's the problem. i think ford is cheap. i think gm is cheap. we're suffering, but every dog has its day. i think it's gm's day. let's go to david in michigan. david. >> caller: thank you for taking my call, mr. cramer. my question is about pipeline out of canada. >> i know that. this tale is going to close kmi. that's where you're going to be. if i had a 39 or lower than fantastic. jim in kansas. >> caller: cramer! i have good news and bad news.
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good news tuesday night on the way home from work i filled up my pickup truck. bad news i'm down 15% on noble energy. >> it's one of the best independen independence. they're great. apache is good, too. here is the problem eog they're down. you have to hold it. you have to expect oil will bounce. i think it's getting firm footing here. if that's the case, you can buy a little more noble. and that, ladies and gentlemen, is the lightning round!
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tonight we need to talk about a company that is on track to turn actual excrement into earnings. you can use your own excrement to stop colon cancer. i'm talking about exsa sciences. it's developed a game-changer. totally noninvasive stool test that can detect colon cancer. that's a heck of a lot more pleasant than getting a colonoscopy. it finally got fda approval. the center for medicare and medicaid approved medicare reimburseme reimbursement. much higher than the bulls were expecting. that decision would be finalized later this month. it's no wonder it's taken off
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with the stock more than doubling since the beginning of the year. up 107% since we last spoke to the ceo in january of 2013 when he promised us a big one he delivered. let's take a closer look with kevin, the chairman and ceo . welcome back. good to see you, sir. >> thank you. >> have a seat. >> all right. where are we in terms of everyone trying to learn about this? it's obviously a big market. you have great presentations but we started to see some numbers. it seems to me that people don't know about this. >> i think people are starting to get to know about it. in part, because the disease is such a big problem, and let me tell you a quick story. >> sure. >> the tenth person to get the colon guard test was a friend of mine, scott. scott was 50 years old. he had no interest in getting screened for colon cancer. he heard about the test and he got screened and it was positive. his doctor rushed him to a colon
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oscar i. they found a 2 centimeter proconstitution. they safely changed it. changed the outcome of his life. it speaks to what we've been working on for so long is to have an impact on people. we have 120 professionals out there talking to physicians. spreading the word about colon guard and it's starting to have an exaimpact. >> this week they were basically saying it just came out because of the time delay or whatever. they thought they were too aggressive. are there people who are too aggressive? no one think it is has to happen over night. some of the analysts have gotten ahead of even where you think they should be. >> the consensus for this year is just under $2 million in terms of revenue. remember, we just got fda approval. it will take some time to get the word out.
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the good news, though, and we announced this in the third quarter call there were over 5,000 physicians who enrolled to be able to order colon guard after ten weeks. so this team is doing a good job of getting the word out. >> the cost benefit. les say there's a physician -- physicians who do the colonoscopy, it kostas lot of money. they make money. they can say why be with this one which is not totally certain and i can be with the 99% certain. in some ways, they're not the enemy of the exact sciences. they think that, look, it's either you go with the 99% or nothing. how do you deal with those? >> i don't think you have to. only about 50 percent of the people are getting screened today, effectively. there's half the population that avoids screening all together. american cancer society said their goal is to get screening to 80% by 2018. you can't really do that without
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a nonevasive highly accurate test. >> what i keep thinking has to happen is, like, we see with the drugs. the insurance companies realize, you know, better to try the orphan drug price. why don't the insurance companies say colon cancer it costs a fortune. why don't we insist every single employer offer exact sciences? or we're going raise the price of your premium. >> the biggest insurance company, medicare, simultaneously with fda approval, first time in history, a parallel review lead to fda approval in medicare coverage at the same time. that was big deal. and there are 80 million americans that are at average risk for colon cancer. aren't enough gi today in the u.s. to screen the people on a regular basis. insurers are going to line up to cover this test. it's a matter of time. why? because we're spending $14 billion a year to treat this
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disease. if you spend a fraction of that on screening, you can have a much bigger impact. here is why. colon cancer is imminently treatable if detected early. stage 190% cure rate. stage 4 10% cure rate. stage one colon cancer the surgery typically no chemotherapy. why not spend a little money to screen up front and save a lot of lives? 50,000 deaths in the u.s. every year. 150,000 cases. you don't want that diagnosis. >> i sure don't. anyway, you're telling it like it is. don't want people to get ahead of the story. it's a long-term story. but you're on the right page on history. that's the ceo of exact sciences. read the presentations. understand it, understand the time frame, too. don't get too excited but understand this is for real. stick with cramer. you need to catch the 4:10 huh? the equipment tracking system
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will get you to the loading dock. ♪ there should be a truck leaving now. i got it. now jump off the bridge. what? in 3...2...1... are you kidding me? go. right on time. right now, over 20,000 trains are running reliably. we call that predictable. thrillingly predictable. attention investors! vectorvest mobile is here and it's free! make faster, smarter, better trading decisions with vectorvest mobile.
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are all the green lights you? no. it's called grid iq. the 4:51 is leaving at 4:51. ♪ they cut the power. it'll fix itself. power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable. i like rallies based on u.s. news. okay. i'm not crazy about rallies based on europe because they tend not to follow through with the promises. i'm not that fond of rallies that start in china. i think that economy is too hard right now to change the momentum. that's why i wasn't that crazy. i promise to find it here on "mad money." i'm jim cramer. i'll see you monday!
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>> the following is a cnbc prime original. >> it is both legal and lethal. seven pounds of metal and plastic... that fire a bullet at roughly 3,000 feet per second. it's called the ar-15. [ shell casing clinks ] to some, it is a brilliant piece of engineering, a modern sporting rifle, and a symbol of one of america's most basic freedoms. >> thank god for america! >> all: pass the law! >> to others, the ar-15 is an obscenity, an assault weapon with no justifiable place in civilian hands. >> yo

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