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tv   Mad Money  CNBC  April 6, 2015 6:00pm-7:01pm EDT

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see capital allocation changes. >> pete? >> i'm going with epi. >> india. >> i'm melissa lee. thank you for watching. see you back here 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 and 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 money. my job is not to make you money, but to teach you and coach you. call me or tweet me@jimcramer. jokers, just a bunch of jokers. i'm talking about all those sellers and worry warts, you freaked out about friday's
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number. yeah, let's hope they missed out on every last bit of today's gains. where the dow folded 118 points the s&p jumped 6% in the nasdaq though the market was up higher at one point. these negative nancys might be totally clueless about how this stockmarket actually works. now, when i saw the weekend employment report friday i cheered. not because i didn't want people to get hired. okay, i do. because this accomplished three things. three megatrends. first it shouts out the crowd that didn't work on individual stocks and focuses on the big picture of what the federal reserve will do. i will tell you later how sick i am of these people. it almost had me cry out "mission accomplished." it shows how they are data dependent. of course, there are people only know how to discuss this issue and nothing else. because they don't want to get
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their hand dirty having to do research on individual stocks which i know is boring for most. plus, some of these morons said it's time for the feds to tighten. which shows you one trick ponies these people are. they knocked off the fed a bit. programs it got them to think about how to make you money which should be maybe a primary, secondary tertiary mission of most of the service dogs or political pines out there, unless, of course they're already in office. second, a weak jobs number breaks the velocity of the dollars record-breaking climb and programs even reverses eight bit as it did today. of course, at the end of the day the dollar started descending. it will probably be a different story tomorrow. how important is the notion that the dollar just doesn't go up every day anymore? let's map out some positives. it's almost earnings season. we don't want to hear endless number cuts that include the need to reflect the dollar's
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continual rise. most analysts haven't even cut numbers. probably about 70% of the analysts have not cut numbers yet because of the international companies because of the strong dollar. that's insane. it might call in question the upper trajectory going forward. it eases the commentary about the weak competitive position of the united states, which otherwise is about to be severe or lead to a slew of downgrades. you get the change in direction as subtle as it is. it allows companies to lenl and an lests to breathe and be less dire in their forecasts. it's known as constant currency. that's the wording for how a company would have done if the dollar weren't so strong by making their excuses sound less outrageous. meanwhile, a weaker dollar among the many factors that influence the price of crude is that it trades in dollars. so when the dollar goes down oil costs more. hey, it also helped that the
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saudis raised price also in asia. i don't know whether to trust that or not. i know it's common sense and to you and totally preposterous frankly, that rising oil could ever be good except for the 12% of the economists for higher energy costs. >> that said, these energy stocks stick out as losers most days. we don't want a lot of brunss to occur. something that could happen with the smaller indebted producers as well as some of the larger offshore drilling officers. hey, it's bad enough we are seeing joint contract cancellations. we don't want to see endsco or transocean go down for the count. many of the misinformed big money guys believe this issue is so important that when all goes down they freak out. so you know what? it's good to put a sock in their mouths for a couple of days while also keeping their ferngs off the sell buttons. a weak employment number explains this. it can be justified.
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emerson, emr, the big process controls company, lever annualed oil and gas to the dollar. emerson reported weak numbers, hideous numbers today. the stocks should have been down huge. instead, it's up huge. why? one reason stock now yields more than 3% because it's an accidental high yielder. in a slow growth economy the fed is on hold you are being paid too wait 3% or more for emerson's orders to come around. second you can make the case the strong dollar can get weaker now. it did. which would allow emerson to drop bidders to competitors. third, it's easy to say okay now it's time to see the future not to pass. we are seeing that worst story play out in microsoft as that one reached the 3% yield on thursday and jumped when a major firm upgraded it from hold to buy. hey, not because they raised numbers. they cut numbers, but because the stock was discounted too much negativity in the mind of
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the analysts. i, myself am not a big mr. softee fan, but it is possible to say enough is enough. this stock has been under liquidation for weeks. you know what you can even extend this verdict to the most disappointing of companies, like sand disc which has preannounced three times this year, each time i told you to get the heck out of i. but it soared today. the judgment is the stock is done going down because it's too cheap and may even be a takeover candidate. i kid you not. that's what i heard today. it makes me sick. but the analysts simply refused to give up on this dog and i guess it's fair to say every dog will have its day. perhaps we're finally right on time at the pointed where we get earnings, we can say, hey that's it wast worst may be over and report alcoa when it reports thursday. why not? stocks down 15% for the year. part is it is an skwirks even though it's a good deal it will
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help out in the back end. we like subpart, we're not greench, we like it for the stockmarket because the vast people do better in a slower economy. think about the real darlings the benefit managers, mckesson. they all benefit because of good earnings while the technology industrial stocks since they were internationally based they may not. you don't sister to fret about the latter though as i said people think the worse is the over in these down and out stocks or you would not have a rally in microsoft and sanders. now, here's the harshest i can render. i read a massive amount of commentary about the jobs number beginning when it was reported 8:30 a.m. friday. there was instant analysis at 8:twlun. i'm proud of the fact that i identified it as being good for the stockmarket. even as the futures industry pronounced wrong, but can we stipulate going forward once and for all that whoever is trading the futuress may not just have
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any sort of understanding about the interaction between the stockmarket and the real commitment i found myself thinking that these futures traders may not realize the market is no longer about u.s. steel or ibm or intel. it's nobt about peabody energy it has little to do with joy global or caterpillar, surely the transports still matter. they're down huge, huge from the highs. they ween fall as far or fast otherwise because the market anticipated this weak number perfectly. yes the airlines get hurt by higher oil. that, too, is an unlimited group. i'm sorry to be so objectively negative and harsh about this. but it's time to accept the futures are often totally wrong and we can't keep taking counseled them as if they're always right. we can't. the same way we can't keep taking accounts of those who endlessly beg discussions for no real purpose including federal reserve officials themselves i think some of these guys they're just killing time.
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here's bob munn yes, a weak jobs report can be good the futures initially got it good wrong. let this good friday event let future sellers know they are as fallable if not so. when the futures do something really stupid you can always take the other side of the trade. why don't we start the questioning with guy in georgia. guy! >> caller: boo-yah! hello, jim, that was my-year-old daughter angel. i want to thank you for your help. jim, a two-part question what do you think about awr long term and also when you buy an increment you don't finish position should you buy over your cost average? >> these are very tough discipline questions. american states water, people love the drought. they're buying that stock. i don't really care for that stock. the answer no on the violating your basis which is something i
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talk about with get rich please, no you can't. you have to say you missed it. it's difficult to do that. we have to be uber disciplined, the odds favor us losing not making money. you got to play the odds no matter what. we don't split tens and we don't pay above our basis. how about rob in oregon please robin. >> caller: hi, jim, it's robin in portland oregon. >> how does it go portland? >> caller: yep. >> oh, man, i love it out there. >> caller: so i do. >> what do you think about going tobend for vacation? >> caller: bend is lovely in the summer tim. i gave it up for skiing. >> maybe do sought snow shoeing in crater too. it's off topic. >> caller: i want to thank you for sharing your passion for investing. it is infectious as well as entertaining. >> thank you. >> >> caller: watching you always adds a giggle to my day. >> there you go there you go. a lot of these guys don't think
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that. they're sitting here and barely paying attention. you barely woke them up with that caller i'm wondering what your thoughts are ebay is it a perform nantly range bound or taking its own sweet time to consolidate? >> it's the latter. it's it's own sweet time. people are trying to question whether there will be as much value in the spin-off because pay pal isened attack robin. i personally think it's okay. is it my favor? i like facebook and twitter more. if the insiders in twitter would stop selling a sec, they may find out their company is doing well. perhaps that's too much to ask. thank you for the kind words about people giggleing. i'm trying to get my staff to focus a little more on the show themselves. all right, it's time to revolt against the futures. these serials aren't as smart as you think they r. you can when from near ignorance. there are the five highest yielding stocks. oracle, go long? should you be buying them? don't miss my take it's coming
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up. then an unlikely retailer firing from all cylinders, find out if it's time to take a ride. the digital voice. i got a stock helping make sense of it all. i can tell i've woken the staff up. so stick with cramer!
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. how do you deal with this environment where we have a kind of looming slowdown maybe 1% gdp growth hanging over second quarter eastern on days like today it seemed pretty good? what do we know about slow downs? what have we learned? in the slow downs stocks with big dividends tend to outperform
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because the lower economic environment presumes lower interest rates. which means these stocks pay less attention from the bond market. >> that makes them attractive. which dividend stocks should we be buying? which should we have faith in? which ones have been vetted through a long-term prison by the best there is? how about the highest yielding stocks owned by warren buffet? who better navigate through these uncertain times. they compile a list of the ten high yield holdings. tonight i'm going through that list and counting down my own top five favorites, yes, adding my subjective knowledge to the idea that this zifd in good shape or else buffet wouldn't own it. so what are buffet's ten highest yielding stocks? which, of course may not represent its current position even as we know that the state does like to buy whole. philips 66 wells fargo, deer ibm, procter & gamble.
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general motor, sun core energy coca-cola, national embarco did good today and verizon, as much as i respect buffet i want to narrow the list down to my five top buffet dividend stocks. you can circle the wagons around it if you are worried about a slaging economy as so many people were today. i wish people would worry less about things they can't control but there is nothing i can do about that. that's nor psychoanalytical. for starters in my view numbers four and five i'm calling pretty much indistinguishable. coca-cola and procter & gamble. both of these companies are challenged in many ways. proctor by the high price of the goods and huge explosion of the strong dollar. coca-cola with its unhealthy products, my own vie as well as currency risks outside europe and japan, they are very well hedged. >> that said, both of these
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companies down here they got really good potential. proctor finally seems able to rid itself of under performing division duracell and the company now seems perfectly willing to slaughter their sacred cows. moo! i'm drawn to the aspect of wholesale change at p & g not to mention the raw costs coming down thanks, to plumbing energy. i think it's down ten bucks from its highs. i don't think you can go wrong by proctor. still, i can't make a good year-term case for the stock, given its currency woes and they keep seem to be in a price war with eunly lever in multiple markets. nevertheless, nevertheless, p & g down a couple bucks? with this management seemingly committed to doing all the right things? i like it. as for coca-cola, i find it intriguing not so much for the core business but the gigantic stakes in pure green mountain and monster before annual.
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they could be as good as the kruig without the machine which stained my whole ceiling with ginger ale. meanwhile, coca-cola's partnership with monster will allow them to dramatically take share of the markets. oh, thanks to coca-cola's terrific world wide distribution system momentarily, i was channeling monster. i'm looking for big things from monster before annual. however, i'm not looking for big things from coca-cola's flagship brand regular diet. the health aspects may be too daunting. you have to worry it could turn on soda, each month it seems like a little less is being consumed. but the monster in kurig exposure make it interesting to me. i would be more than intrigued if they outright bought one of these or both of these companies. let's face it. sugar water generates a lot of cash. i'm not worried about the dividend. it's going higher.
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the third best warren buffet approved dividend stock, general motors with its nearly 41st yield. a slow down in the u.s. could be daunting. you have to remember the european market where the losses have been horrendous is picking up. china, my charitable trust owns gm because the company owns cash and dissidents want to be more aggressive. a slow down stould timy that goal. -- could sometimetimy that goal. >> that said the $36 stock value is up to 40. i would become more circumspect unless rates are higher. because gm needs higher rates to pay for its huge pension obligations. why don't we do there? let's see how it fairs with the big stock i understand is for sale in after hours. next my second favorite dividend name in buffet's good
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house keeping sale of approval? it's verizon. 4.4% yield. i am torn its jeeld insures it won't go down that much because of a below yielding bonds. tray the competition. the quote here is being severely strained by the competitors, notably sprint and t-mobile with the latter fighting a gorilla war against the entire wireless industry, playing out right on twitter in a very effective way. verizon does a fios which is a terrific product. it's going up against the entrenched interests of the cable companies. you can only tolerate slow growth with small dividend boost for so long. before you recognize it verizon basically is a high yield bond with an increasing coupon although, in this environment, that's nothing to sneeze at. finally here it is. guys are you ready? my number one favorite dividend pick owned by warren buffet as a
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berkshire hathaway's latest filing -- it's wells fargo, which coincidentally is owned by my charitable trust. it's the embody. the largest and easiest t. company controls one-third of the u.s. mortgage market an astounding physical wells fargo achieved during the recent acquisitions in the great depression. it allowed the bank to grab a share of the mother-in-law market something that has teddy roosevelt rolling over in his grave, given the way wells fargo work, it's a retailer of its products it's far less to fall to prey about how the net interest margin will get squeezed thanks, to the economic slow down something i think will happen, despite the decelerating employment picture, i think the accompanying lower rates will cause more people to seek mortgages in an environment
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of gradually loosening lending standards, which would put wells fargo in the sweet spot. they will sell other products to these people. >> that is something ceo john stump knows all too well. anyone who has a net stump person knows after the pleasantries he wants to give you a mortgage, something that even the smallest of local bankers might not think to do. he thinks nationally. but he acts locally. and it's brilliant. although, not as brilliant as wells fargo to stay as true to its kniting, which the largest bank is being able to avoid being in the justice department's crosshairs. now, here's something personal. personally, stump's a hard guy not to like. i have been thinking. a new category introduced tonight. i vote him the ceo most likely to knock doub a fine pilsner with. it makes for a more enjoyable banking experience. wells is a true carnivor of
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eating its own stock. i believe it can be much more aggressive really aggressive about returning capital shareholders in a monster by back that dramatically shrinks the share count and boosts the earnings. wells fargo may be the only bank you need in your portfolio. it is the only bank we have a broker. because it's the best of breed with the strongest prospects of growing, even if interest rates stay low. again, i reiterate. i think they will. here's the bottom line. in a world where the u.s. economy is showing signs of rates to stay low, it's time to think about buying dividend stock, using warren buffet's portfolio as a template my five favorite oracle of omaha approved names, wells fargo, verizon, general motor, coca-cola and procter & gamble both tied for fourth place. remember, there is rumored to be a big piece of general motors for sale.
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do not freak out if that does trade in what's known as the hole. you know what we should do? we should go to bob if california. bob! >> caller: boo-yah, jim from sunny and bone dry sunny los angeles. >> hey, i'm hearing the other parts will get rain. maybe they'll trickle down like the ronald reagan trickle down theory. >> maybe it's the weatherman that set two feet of snow last month. you didn't get it. >> you can't thank those guys personally. they're doing their best. >> jim with the home buying season under way, are you recommending any of the home builders stocks, particularly kb home? >> particularly i'm not recommending kb homes. i like len narnar then horton. these stocks broke out last week. i think they're not done. i think stewart miller at lennar the guys that run toll they get my vote as the unbelievable survivors of the great recession. get this one dividend and
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conquer. that's what this economy is calling for. take a look at buffer fet's portfolio. i think general motors and coke and procter & gamble. tied for fourth place there. there is much more "mad money" ahead, including what could be the best retail stock out there hidden in plain sight. i promise you, you don't know it. and technology is becoming embedded in everything we do. i have it em3weded in the iot thing. how much of our move has to do with the fed? my take will most certainly surprise you. stick with cramer!
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. even if your friday's not so hot jobs number it's still pretty clear the consumer is feeling good lately courtesy of all that money saved from gasoline. that's why the retailers have been in fue grgo in 2015. i'm talking car max. kmx, the largest seller of used cars. i'm recommending a glorified used car sales person. carmax is having an unbelievable year. last thursday the company reported truly spectacular results, their second fabulous quarter in a row. >> that sent the stocks soaring.
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it's down 9.3% higher in a single session. the greatest performer in the snp. i think after that run, carmax goes higher. i know you don't relate it but the fact is they are benefiting from the same trends that have made the rest of retails so hot in 2015 a. plush consumer spurred on by the lower gasoline pump and the average cars are getting old on the highway, even though carmax is a little more than a buck off it's all time highs right now, it remains one of my absolute favorite close stocks for this environment. in fact, i think carmax may be amorning the best darn retailers in america. so give me an ear. let me explain why. first of all, there is that incredible quarter from last thursday. 70% earnings up 29% year over year thanks, to robust used car sales. overall, carpacks delivered a double digit increase in used vehicle store sales and used comps, usually an important
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metric for retail. >> that increased 7%. that was courtesy of higher traffic and conversion ratio, meaning more people who walked into the stores actually made a purchase. go into the quarter, stocks rallied less than three years to date. it's a reason why it is able to vault.2% higher on thursday. i think there is still plenty of room for catch up. now, you might think that carmax is just a big klain of used car dealerships, you'd be wrong. true the company operates 145 used super stores across the country. locations are like big box stores like costco and home depot. they have a diversified business of selling old cars and trucks directly to consumers. the business signs have been improving for years. first of all, yes, there is the used car segment. they buy and sell resale old vehicles. they fix them up and the beings has had stable margins and strong sales growth.
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carmax unit sales growth the number of used car sales increased by 12.4% in the latest quarter. you got to admit. that's a lot. that's from the last average unit growth last year which was 10.5%. while many of you think selling used cars is a sleazy business, right up there with say investment banking, the fact it's lucrative with carmax making an average gross product of an astounding 279 on every vehicle they sell. geeze, that's a fantastic margin. second, though they don't buy and resell old cars at the retail level. you may not realize the company has so much scale now they have been moving into the wholesale used car business whole sale. here carmax will buy your old vehicles and sell them on to a different used car dealers through an auction process for a quick profit. they showed terrific acceleration in the latest quarter unit sales growth of
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12.3%. significantly faster for all of last year. these are amazing numbers, plus in the wholesale business the company's gross profit per vehicle increased by 8.7% year over 84 to $1036. this past quarter. those are pretty strong numbers. it's a whole other business line that most car dealers dip i typically don't have. they have a small but growing car business and warranty and service plan business and a solid and very conservative subprime lending operation they're rolling out. they're not giving away cars to anybody that asks. now you know what they really does at the end of the day it isn't a classic textbook regional to national retail growth story. take a look at this map t. company currently has 145 stores? 73 different markets. at least locations mostly concentrated in the southeast, they have a tremendous amount of room to keep expanding also in philly. there are vast swaths of the
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country where the company doesn't have a single store. in many states they have one or two locations and need many more there are no regional differences than used cars. this model works everywhere which is why you may have multiple years of growth most retailers are already full up in this country. not carmax. in the last fiscal year carpacks opened 13 new stores. since the beginning of the new fiscal year they opened two more location management is planning to add a total of 14 stores this year which works out to nearly 10% used store growth. plus they are remodeling 15 older locations. we know the tried and true method on the conference call they made it clear a remodelled location does so much better than a current one. it is no surprise it is taking shares from the huge car market. on thursday we learned they increased the market share 5%. these were astounding numbers. the zero to ten-year-old used vehicle market they're taking up 5% from last year. that is just astounding.
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here's the icing on the cake. carmax is one of the biggest most aggressive buy backs i followed. in the last year they retired 17.5 million shares. in october, carmax announced it was increasing its buyback authorization by $2 billion. as of the end of february, they had 2. billion left in the repurchase program. that's equal to 3% of the capitalization. carmax is often opportunistic as it k. it trades at a lofty 22 times next year's estimates, that's pretty darn inexpensive when you consider the track record and the 15% long-term growth rate. not the mention it could once again turn out to be too low like they did last week. here's the bottom line you may not think that carmax is a retailer. i this i this seller of used cars is one of the best retail stocks in america and a classic domestic business, remember i think the dollar is going to start going up again, just not that fast. that's why carmax is still worth
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buying even after last week's epic run. we're going to go to sean in pennsylvania. sean! >> caller: a big pittsburgh steeler boo-yah to you, jim. >> i'll give you a pirate boo-yah right back probably doing better than the phillies. what's up? >> caller: what a day, get to "mad money" my daughter megan's 15th birthday. >> oh, happy birthday megan caller thanks, jim. hey, i wanted to ask you about sonic. they had a great earnings release, double digit seams growth the stock drops then precipitously. i know some people talk about sonic b ratio, when you compare it to shake shack, it sounds like a good buy, what do you think? >> yes, it does. we did a piece last week basically what happens they threw cold water on the growth going forward. that freaked people out, sean. i've got to tell you. i think that that was a clarion
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call to do some buying buy, buy, buy, i bet they do quite well in the future. i like you, happy birthday to megan. looking for a retailtary will give you a smooth ride. i don't want you to look any further than kmg. this is a huge player in this environment. even if there is a recent run. it's worth pulling the trigger. more "mad money" ahead, including my exclusive with a company to go beyond the bar code to help people stay in the internet of things. then there is nothing wrong with following if fed unless you are fought making any money in the process. i'll help you keep your eye on the prize. the stocks that aren't sweating the central bank. plus i'll start the week work off all these easter bunny eggs and pink and yellow ones with rapid fire calls on the lightning round. stick with cramer!
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one of my favorites, zebra technologies, zbra they have an enterprise business for $3.45 billion. the old maker was a specialty of
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printers like thermal labels to receipt printers and associated software supplies radio frequency identification and some encoders and tacks. but when zebra bought motorola solutions enterprise division the bar code division for a song everything is mobile computing to bar code to mobile printing data capture management solutions the synergies are tremendous. while zebra got slammed on the news many investors were skeptical. we knew the company well the stock has since bounced back since we interviewed the ceo. now they celebrate the new launch, so let's look at this opportunity to take a closer look with the ceo of ve practice welcome back to "mad money." good to see you, sir. as i remember going to long
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island, not to go to the beach, to that beautiful sec e technologies factory out there. there is so much potential it was never realized until you bought it, was it? >> hopefully, we could realize more of it today. >> tell me. >> since we closed the acquisition, things have been going very well. we have been all about how we can help our customers increase visibility and productivity by harnessing what we call the little data or edge analytics. i think the feedback from our customers and partners have been very good. financial results have been good and momentum has been good. >> the ceo of sky works solutions was talking about the 70 billion sensors and how his company has been able tap into it. in many way, there this is a gratuitous internet of things. >> we see that we are in a great position to level three
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megatrends, information and fileability and computing. >> and get social in there it's a decent math. right? >> we take the data these things can generate in the world. you analyze it using cloud applications and now you can draw conclusions and analyze that and enable employees, workers, to make smarter more timely decisions. >> you created basically an ecosystem around all of this. >> that's right. we are very much an ecodriven strategy. we do certain things, but we partner with a lot of other companies to pry the broader solutions. >> one of the things that is clear you have a good relationship with pro-football. >> yeah. >> why don't you walk us through. that's something all our viewers already under the context of. >> so we provide greater visibility. what we do with the tracking football players, they have a great example watching a video
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or from a digital perspective, they were kind of dark. >> yes. >> we put two tags like this actually, under each shoulder pad for the players. we can track in real time how fast they run, accelerate first quarter, last quarterer. now you have a much more invisible into the performers of the players. >> were all the coaches on board or is this some teams? >> all teams for use thursday night games as well as the super bowl and pro bowl. >> you who, that's incredible. you are forceful in the beginning of march 17th conference call. this is year of the android. explain. that a lot think this is apple's theory. >> we have come up with a new portfolio of android powers semi ruggedized smartphones. >> semi ruggedize in the field
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you can drop it. it doesn't impact. >> it's much more rugged than the regular stay smartphone not as rugged as our historical devices and they go after new applications. >> well, like health care? >> like health care is a very good example. retail, health care, postal. >> i thought it was very interesting that in the hospital you had pictures of babies that have things on it. how is it making it so there are fewer mistakes? >> so as an example in a say a care facility if the patient has a wristband with a bar code the care giver has an i.d. card of some sort you can now scan the wristband for the patient or for the baby. you can scan the i.d. card of the care giver, you can scan the medication to make sure they're the right medication the right dose at the right time by an authorized care giver. it cuts down you know errors.
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>> that's what i was going to ask you, you think a hospital that does that has a better chance of lowering the malpractice premiums? >> it improves the quality of care and makes it more efficient and lowers the insurance premiums as a big part of the drivers. >> where do you think you are in terms of the snernls, you wanted the synergies from the original one. is there more? >> well i think we feel good ability the snernl side. we are slightly ahead of our schedule. at this stage i think we are comfortable staying with a $150 million target we identified. >> i'm adding you to that list of companies i'm putting together to say who will benefit from the sensors, it's companies that can make sense of it. zebra is at the top of the list hay, listen when everyone else was selling this we told you to by, you should keep buying it. "mad money" is back after the break.
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. it is time system it's time for the lightning round. i tell you whether you buy or sell when you hear this sound
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the lightning round is over. are you ready, ski daddy? it's time for the lightning round. this time we start with diaz in texas. diaz! >> caller: hi, jim juno therapeutics. >> this is a hot one. remember a up can him weeks ago, we said some are too hot to be able to touch. look at this pro fi na tonight with a secondary. i got to tell you, don't buy, don't buy, inow i'm going to andrew if american. andrew. >> caller: yes, i have stock in ww wwe. i was wondering if i should buy more? >> no, the last i want to do is sell it. i am not a fan. i'm going to steve in massachusetts. steve! >> caller: hey, jim, i wonder what you thought about fmi? foundation med?
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>> i don't want to be there. a fear a secondary. they did get an infusion i believe. let me do more work on that on the move with roasche. i don't think they need to be in that stock. jim in kentucky. caller hi 1yi78, jim in ft. thomas, kentucky i'm the home of the highland football state champs, question about cincinnati bill i have a substantial amount of ut. it went from 40 to ten. should i keep? >> geeze, what a hammering that's had. i don't know it's a call on the comeback. let's keep it. la thajs is a conclusion of the lightning round! >> zblrnlgs
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when will the fed make its next move? i heard that chatter again today as the stock pushed back until sometime later this year of course we're still data dependent. i have to ask, is this what the majority of market commentary has evolved into? is this what we think is at the heart of investing, is this the only thing people talk about? i don't know how long this fed parlor game discussion can go on? it will be taken seriously by anyone who is in a responsible position. these moves have to do with so much more than what the fed might do. so we have to face the music if you want to make money, you
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can't just focus on the fed. in fact, focusing on the fed is a crutch for commentators for way too long? we had an amazingly bifurcated market while we wait for the fed. the market itself has become a distraction. there is no better example than what happened after friday's jobs report. when we see a number not in the range like the numbers in the futures go down and go down big. then that triggers an infan tile discussion about what the fed will or will not do and why stocks should be sold based on that number which would have been a mistake. no one says you can't sell mm mckesson on this number this is a perfect chance to buy on this and what about a chance to buy rite aid. if they can execute as j.p. morgan says todaysh lots of money can be made. you can buy vccvs. ross stores come to mind. the weekend employment number can spell the end of the strong
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dollars, which seems to have peaked in time for quarter earnings. we know many st outlooks were sent on a 1.3 exchange rate with the euro. >> that will hurt. now list play it the opposite way. what if the important number had been strong presuming the futures would have gone lower too when the fed watchers who control the debate and the microphones would begin to talk about a june rate hike, we would have to sell the market. that's what happens. of course, you can say i'm wrong and the actual quarters and making projection and figure out which company stocks will fair well is irrelevant. the business users really only about the fed, to me it's narrow and it exercises something that makes me feel alternatively useless. if we are trying just to interpret janet yellen's fed, without figuring out how to make money, why not follow sports? why not follow the ncaa? follow spring training the
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regular season follow tv shows, singers, children of sports. they're all similar. there are non-monetary ways to enjoy life. you can figure out the fed is going to raise rates in june or september and betting on a binary way on the futures. which be i the way maybe only 25 people do for a living. stick with cramer. the most powerful app or managing your portfolio from the palm of your hand. .
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let's talk asset allocation. sure. you seem knowledgeable professional. would you trust me as your financial advisor? i would. i would indeed. well, let's be clear here. i'm actually a dj. [ dance music plays ] [laughs] no way! i have no financial experience at all. that really is you? if they're not a cfp pro you just don't know. find a certified financial planner professional who's thoroughly vetted at letsmakeaplan.org. cfp -- work with the highest standard. i like to say there is always a bull market somewhere. i'm jim cramer, see you tomorrow!
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[ engine revs ] >> hi, everybody. welcome to "jay leno's garage," though this week, we're not gonna be in my garage. [ indistinct conversations ] we're on our way to pebble beach, the ultimate car week. now, pebble beach is kind of like the super bowl for car enthusiasts. you'll see some of the greatest cars ever built. we'll take you to concours d'lemons, where you'll see some of the worst cars ever built. we'll show you an exclusive look at a couple of supercars being built, and we're gonna show you a car that is 50 years old but is being built by a major manufacturer exactly the same way it was 50 years ago. that a business plan? i don't know. we'll find out. but right now, let's go back to the beginning. we're gonna take you for a ride in a 1907 white steamcar.

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