tv Mad Money CNBC April 23, 2015 6:00pm-7:01pm EDT
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friend. >> camel on right. >> fantastic. >> yeah. >> nice to have you back. >> harley davidson. we talk about a capitulation bottom the other day, check it out. hog. >> i'm melissa lee. thanks for watching. see you back here tomorrow at 5:00out. >> all right. thanks so much for watching. see you back here tomorrow for more "fast money." "mad money" with jim cramer starts right now. my mission is simple -- to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. my job is not just to entertain but to educate and teach you. so call me at 1800-743-cnbc or tweet me @jimcramer. sometimes it's as simple as asking what is this market
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really want? what does it is telling you to buy by the stocks that went up so much on the given day? what's the market's agenda? you figure that out, and then you have the key to what's really driving things. the real recipe for a given's day action and the dow gained 20 points. and the nasdaq up 0.41%. look no further than tonight's special show for the answers because we happen to have three of the best performing stocks in the, pa today. three ceos of three names that define the moment. three beacons you can follow. a little bit obscure, snap-on tools, not obscure at all, domino's and skechers. at first glance they have nothing in common. precision tools for various industries, especially auto repair shops. you have a company that delivers pizza. right to your door. you have a company that makes shoes, big deal. pedestrian. i know. but what do they all have in
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common? how about four characteristics that define the wins the. surprising sales and earning power. domino's went up 18% in the same-store sales and that's much better than what wall street was looking for. much, much better. snap-on, this company is a history of posting these kinds of gains and also a history of tremendous dividends. money managers, they love clock work. [ applause ] skechers put up a phenomenal 40% sales growth number. with amazing gross margins. >> that was easy. >> that increased 30% year over year. that's incredible growth. >> house of pleasure. >> and get a stock, snap-on has been delivering so spectacular. not at all, you have terrific sales. tremendous increase in the
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amount of money per sale. amazing 9.9% organic growth. 12% organic growth for the tool growth. stunning. but not as shocking as the same-store sales that domino's gave you. they primarily sell pizza. each u.s. store sold 14% more pizza than a year ago. i was thinking 7%, but 14%. that's the number we used to see from chipotle. it's the fastest grower in the category. i don't know where to begin with skechers. because the surprise was so gigantic. the company's domestic same-store sales gave you a comparable number. international up 14.8%, wow. the wholesale business gave you double digit growth and skechers increased by 270 basis points. they're making a heck of a lot more per shoe than a year ago. i don't know if i can recall another apparel company putting up that kind of improvement.
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so what do the upside earnings and sales surprises actually do? three things. first, they allow the analyst machine to go to work raising estimates for both the top and bottom line. buy buy buy. combination is what gets the stock going. second, they maintain the momentum of the chart. they have terrific breakout charts coming into the session. that means they were trying to catch the tiger by the tail. third, they get the short sellers to cover. let's spend some time on the last one. there's never been a serious short position on snap-on. hem funds don't care, but domino's and skechers these are short selling magnets. domino's was a sleepy company before the break through ad campaign be the ceo doyle made it better. changes were visible thanks to the amazing ad campaign that compared the pizza to cardboard negatively. that got people's attention's, including my own. the pizza is tasting better.
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unbelievable. but somehow the super smart hedge fund guys don't view this. it's difficult comparisons, categories not growing that fast. expectations gotten too high. the stock was so outstanding it seemed due to collapse from its own weight. that's why i thought it was a typo or i read the release wrong. i saw a 13% gain in same-store sales. i thought that was the revenue number. actually i was praying for 7% given how much this had run, making it vulnerable to a disappointment. when you see a stock fall from 4.45%, you know there are plenty of short sellers who have no choice but to cover. in order to close out the position they need to buy the stock high. just like a regular shareholder would have to sell lower for the company to drop the ball on the stock and getting hammered. then there's skechers which is in a short selling category all of its own. i'd love skechers for ages having been drawn to the comfort level of the shoes and with the
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ceo, robert green berg and weinberg the chief financial officers. they know how to design manufacture and sell what people want -- a comfortable darn shoe. others are not so enamored of skechers. there's research that called to call a top on the stock and frequently produced flameouts and companies that were fads hot and cold. we have seen this play out again and again. they had the port struggle, distribution center problems in europe. always some research firm giving credence to a weak direct sales number. there was always something scary going on and the stock would take a momentary swoon. but nothing would slow down this quarter. get the stock flying in the market. i could arguethat all three are technology stocks in disguise.
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snap-on keeps on inventing tools and lots of the innovation comes from listening to their clients. it's a factory of innovation. domino's is coming one new dishes that whet the appetite. but more important, domino's is a huge technology innovator. first to embrace technology to make for easier ordering. the first to truly embrace social media like facebook to win over customers. simplify the process. the first online payments so you don't have to deal with cash when the delivery person comes up including the tip. the first to use smartphones, smartwatches, anything. skechers, innovation machine, new shoes, all kinds of ages. it's a footwear and the social work so to speak of the incredibly popular singer demi lovato. it's not just shoe biz, it's show business. fourth and final, no excuses. all three of these companies have large businesses and franchises overseas.
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they're all saddled with the same strong dollar woes that some having hamstrung by. but demand was so great they didn't skip a beat. the moral of the story, if you have the right goods the strong dollar didn't derail you. this market is so mercurial i don't know if today's judgment will translate into tomorrow's action. get this, microsoft, amazon, google and starbucks are all trading up at night. because they have varying degrees of exactly what moved up today's winners. as all four have legions of people betting against them. let me give you the bottom line. if you get a guideup in sales and earnings, a true upside surprise, amazing innovation and robust sales overseas despite the strong dollar then you have a winning stock that can bolt up into the stratosphere. i can't wait to hear from them during the rest of this special show. dave in illinois please.
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dave. >> caller: congratulations on your recent marriage. >> thank you, dave. >> caller: i guess the honeymoon is over. >> i know, i'm back here already. well, whatever. >> caller: petro bass released yesterday delayed audited year end 2013 earnings results. it brought to light charges of $2 billion for corruption and $15 billion for impairment charges contributing to the total loss of $7 billion on the year. given the fact that this company is vital for the brazilian economy, this stock could set up nicely for upside gains. would you consider the stock to be a fit in your diversification model? >> thank you for the kind comments on the wedding and i really botched the honeymoon. that's not going well. hey, hey, not everything was done in fair weather. pbr, i think it's had a big move. i'm very concerned because i have recommended periodically stocks that have accounting problems and i got my head
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handed to me. pbr, i had a pbr call, those work and it's tapped river tavern. really good. curtis? >> caller: cramer, thanks for taking the call. >> of course. >> caller: congratulations to you and mrs. cramer. >> how do you like that? that's something. >> caller: my question being an investor in the union pacific railroad, any concern on your part? >> the stock held the technical level. i was going over this with my friend and colleague. we like the fact that it held the technical level but i don't have anything to say until we see the next quarter. a great company. coal is not that goal but the important thing, i think you're in union pacific, you're fine. ed in florida, ed? >> caller: booyah, jim. >> hey. >> caller: it's beautiful here.
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a little rain today. but my question today is about lowe's. if it's for a good buy or not? >> i was going over this with jack, the research director. and you know what? part of my charitable trust. i said paint is good. i said some outdoors things are good. i like the fact that grouping was good from owens corning. tools are good. i think lowe's is a buy buy buy. that's whey the charitable trust owns it. if you have the right good, the current situation cannot derail you. domino's, snap-on and skechers are proof of it. stick with cramer! >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #mad tweets. send jim an e-mail to "mad
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i said at the top of the special show, look at this incredible move. domino's up $9.43. this is incredible. 9.5% after another terrific quarter this morning. and off an 80 cent basis, higher than expected revenues. get this 14.5% domestic same-store sales growth. domino's which is the best mobile and online technology in the business not to mention the amazing growth stories, expansion overseas it's a gift that keeps on giving. we last spoke to the ceo two months ago and it's give us a 1,000% gain. wow, after that crazy commercial was on. let's look at this terrific story with patrick doyle, the president and ceo of domino's pizza. and hear about where his company is headed. welcome back to "mad money." >> thanks, jim i appreciate it. >> all right, pat, i have to tell you i have gone over everything. i have gone over every single
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note, everything that people said. i can't figure out what was the mosaic that gave you this plus 14? because you didn't tell us, i want to find out how it happened. >> it was a remarkable quarter. the food is right, the technology is working. the category is starting to grow a little bit. the consumer continues to get healthier. job growth plays into ordering more pizza. that's the number one indicator of category growth. yeah, it was a terrific quarter. everything came together for us. the advertising was outstanding and frankly our system and franchisees were spectacular. they did an amazing job of handling the volume. and if you don't do that you don't get that kind of a comp. >> all right, so let's break the things down. how good was don? >> don is great for us.
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you know, it sells the idea that we're the technology leader. people are taking orders that's as much about the brand and people recognizing that we're ready to do business anywhere else as it is about the number of orders. >> okay. >> very good. >> all right. and employed people buy more pizza than unemployed people. what percent was that? >> that helped some. it's hard to break down so much but employment numbers are getting better, that certainly contributed. but that's more category overall which was up 10 or 2% so that's not something that's driving share gains for us. >> chicken? >> chicken is good, but chicken has been around almost a year now. so that's at the margin at this point. >> taking share from mom and pop? >> big. >> big. >> we continue to do that. and from some of our larger
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competitors as well. >> let's talk about that. this is the technology side. you have done android smartphone, you do by far the best mobile. you are a total -- a doctor of facebook, well ahead of everybody else. who can keep up with you technologically who is a small independent independent? >> our job is to make sure that nobody can. that's the key. we're big, we have scale. we're spending aggressively to make sure that we've got the best customer focused technology. remind you we still only sell one in eight pizzas in the u.s. and less than that outside of the u.s. so we have an awful lot of share that we can take even as we're seeing a little bit of help back in the category. >> all right. behind you is a sign that says domino's.com. you've got rid of the pizza, didn't you? >> yeah. we did. we did. and you know what, it's just a signal to people that we do have other choices. but the end of the day, we saw a whole lot more pizza -- we sell a lot more of pizza than anything else. >> you have gone from 20 to 25%
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share, is that fair to say? >> yeah. 20 to 25 -- no, we have gone up to 50% of digit. our overall share went 25 of delivery sales but total share of pizza is 12 or 13%. it's line one in eight -- >> okay. i know that there were some statistics given in a march meeting talking about the trajectory. i'm trying to figure out at the trajectory you were on the last five years -- i mean, can you -- you can't be half the market. can you be a third of the market? >> you know, we can certainly be a lot more. if you look at the number one players in you know, the different restaurant categories most of them have a 25 to 45 share. i mean, look at mexican you know taco bell i think has the highest share of any restaurant company in the category. like a 48. chipotle is number two, is 21. so we have far, far more room to
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run. pizza hut is still larger than us. you know, we're working on that hard, but, you know, certainly if you look at kind of the dominant players in each category, they have got a much bigger share than we've got today. >> well, a great point. you have always been very good to shareholders. when your cash builds you do creative things with it. i didn't see that much of a buy back this quarter. i mean you have periodically teased the idea of a special dividend. could it be discussed again in a board meeting some time in 2015? >> i mean we are always talking about use of cash and what the best opportunity is to return cash to shareholders. we paid our regular dividend this quarter and bought back about 30 million of shares this quarter so we're pretty aggressive on that front as well. >> you've got some countries you called out that are -- i want the people to know where pizzas play -- because they're odd ball
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countries. give us some of -- you know, some of the ones that are just accelerating here. >> well, i mean, india is starting to come back. turkey is doing great. but, you know, we launched two new markets. we're about 80 countries now. we launched two new countries in the first quarter. we lost in azerbaijan and cambodia. i think we had our all-time record opening in cambodia so they were ready for domino's. >> do they have technology like that in cambodia? >> we're getting there. we don't have the online rolled out yet, but certainly, you know, that's one of the things we can do is we can roll our platform out around the world. >> i know that facebook -- one last question, you indicate there's still plenty of room in the united states for your growth. >> absolutely there is. we can clearly build at least another 1,000 stores, maybe even more than that. but i keep going back to our share. i mean, we're 12 1/2 share. i mean, we're still small. it's still early for us.
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>> incredible story. well, patrick doyle, since we met you, since i met you that time when you first came in when we had breakfast together and the stock was at nine you have done a remarkable job for shareholders. thank you so much. patrick doyle, president and ceo of domino's. he said that's a lot more room. well, he's been dead right for 1,000%. i like domino's pizza. i like pat doyle. "mad money" is back after the break. coming up sprinting off the street. skechers is the hottest footwear stock in the market. racing more than 50% higher in 2015. but can this rising footwear player keep up the pace? cramer's got the earnings exclusive with the company's top brass.
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you know what? when in doubt, take a page from marie antoinette and let them eat cake and i'm talking about cheesecake factory. all right, let me grif you this setting. i'm up at 3:30 scanning the overnights and sure enough china's pmi is a point below 50. stimulus not working. s&p futures are up badly in the news. our market looks like it will be down a quarter of a percent. then we get a purchasing manager's index it's softer than
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expected. down tick and a weaker rate of expansion. so maybe the quantitative easing is not going as well as we thought, which means we put more pressure on the dollar, cutting into the earnings. futures slump again. and some -- and that's it. the dollar zooms our market is looking down more than 0.6%. the entire game from yesterday. and then greece, things are going better then we're only down 0.25%. it's at that point, all before 5:30 that i pick up the quarterly report delivered from the cheesecake factory. a place i'm intrigued by because mine at the mall is always packed, looking clean, lots of smiling people going in and out. people are not worried about the china pmi or the euro by the way. what do i see with cake? frankly it's pretty extraordinary right from the first line of that conference call. i quote, we had an exceptionally strong first quarter and we
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leveraged into earnings per share growth of over 25%. i like that. much better than the analysts are looking for. far superior to the fourth quarter. and costs well controlled. now a big expense. food inflation, yeah, 3% wage inflation. pesky minimum waging. and the customers seem to be able to handle it because they love it. given the fact that gasoline is so low i don't think it will be a problem. better labor conditions are able to do that kind of thing to wages. what is cheesecake factory doing with the additional operating profit? first, it's opening new stores. 11 more and the chain will have 200. still plenty of room for growth. they're very concentrated. second they'll continue to buy back stock having repurchased 1.7 million shares the past quarter. it's a real buy back. the company has 49 million shares outstanding. hey, ten years ago 78 million,
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buying back hand over fist. you can argue that the cheesecake factory not getting the valuation it deserves is gradually taking itself private over time. plus, this is not a pro obesity story. yeah. i mean, my trainer reminds me of that. in fact, they have 50 dishes with fewer than 60 calories. it's not an unnatural and unorganic story. the cheesecakes, the best -- these things are baked fresh every day from scratch. delicious. stock's not cheap. so 21 times next year's earnings estimates. but let's face it this is the lower cost, better profits cheaper gasoline higher employment, bottom line you get what you pay for and with cake you're getting a good tasting meal, a great tasting stock. quite an antidote that happens overseas. no wonder it rallied $2.37 today or almost 5%. it deserved to.
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let's go to rocky in new york. rocky? >> caller: hello, new york. a new york ranger save and a beauty booyah. >> hey baby. go all the way booyah. what's happening? >> caller: thanks for all you do. a chain primarily in southern california is up, with one in your home state of new jersey. they have another competitor in shake shack opening up in southern california. with in and out burger already there, will all this competition for gourmet burgers have an effect on the stock? >> i think if they can place that secondary which is 10% ago and it goes well no there's room. there's not a lot of high quality burgers out there. in and out is not going public, shake shack is still so small. i think you're okay with habit. greg in michigan. >> caller: booyah from freezing cold detroit in april. >> all right. >> caller: the stock i'm calming
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about is texas road house. i bought it before earnings last time and kind of went stagnant. >> it's good, finally back. lower gasoline better cost structure, but texas road house really delivered. i would encourage you to stick with the stock. it can go higher. the restaurant stocks are so good here. let's go to jim in california. jim? >> caller: booyah, jim. >> booyah. >> caller: congratulations on your marriage. >> oh, thank you very much. >> caller: quite welcome. jim, jack in the box has been a market leader for the last couple of years. they hit an all-time high on march 24th. but since then, they have pulled back 10%. is this an opportunity to buy or is there something else that's going on? >> no this is -- this is my favorite. these were so red hot they're pulling back and letting others go up higher. i think it's refreshing. we saw what happened with domino's when they're fresh. they can deliver again. but it may not happen until next
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quarter. look at dunkin', it rested and then goes up. domino's, it rested and went higher. cheesecake factory, it's not cheap, but you get that you pay for. great tasting food and even better tasting stock. we have so much "mad money" ahead. we have the exclusive for the hottest footwear stock on wall street. skechers keeps breaking higher? don't miss my interview with the ceo. and snap-on, i had the ceo talk about another unbelievable fire and plus lightning round is still ahead. stick with cramer!
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it's single session brand new all-time high. as i said at the top of the special show you know i have been a huge fan of the footwear company for ages. even though the stock has doubled over the past 12 months it keeps roaring. because the company continues to post phenomenal results. when skechers reported last night after the close, they delivered a blow away quarter, beating wall street's expectations on every metric. nine cents off the 1.01 basis and up 45% year over year. not to mention strong guidance and management predicts more accelerated growth through 2015. skechers is firing on all cylinders and it's no surprise that it's up 35% remains on friday -- on fire. let's find out more about the fantastic quarter and the terrific prospects. welcome back. >> always good to be here. >> david, i said how great this quarter was. it included as you -- i'm quoting from the release, significant head winds including
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strengthening u.s. dollar, unreasonably cold weather in many markets, slow down in the west coast ports, a distribution center -- what kind of number could you have put up with those things? >> you know, it could have been significantly higher just from the currency. obviously, if the port had been more efficient for us, we could have had a nice return. it seems we're very strong going into the back half of this year. things are looking pretty good. >> you have done a remarkable job innovating lifestyle, performance and kids footwear. how much of what happened this quarter is sheer innovation say the last time i saw you? >> there's always innovation. but the new technologies and the new comfort footwear, the new kids is growing now. so it's -- like we said before, we're growing in multitude of categories. and a lot of geographies around the world. >> do you think that -- i just want to talk about one of these.
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savvy kids like game kicks. a memory game built -- i have not seen this shoe. describe it to me. >> it's a shoe that little kids can wear and they can play simon says on it. you can turn it off in school and kids love it. you should see them play when they go out to breakfast. all the kids in the restaurant come and play with it. >> one of the things that you say in your conference call these kinds of things play out all over the world. we might think this is u.s. centric. well, it does well in china. central europe loves it and africa loves it. there's a universality to what you're doing. how could it be? explain. >> well i think tastes are in common around the world. they look more alike than in the past. i guess the internet is a great place for people to see the fashion and comfort and what other people are doing. there are some nuances all around the world. but the top shoes are the top shoes in europe and top shoes in southeast asia, top shoes in the united states. so it does resonate everywhere.
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look, we have a big selection as well so some sell better than others but there's a big choice. they all look well, they fit into their own comfort zone. and they're comfortable. >> well, i have to ask you about something. a lot of people -- they try to talk the talk of social media. 3.9 million views on youtube of a skechers, tv campaign by demi lovato lovato. that's got to be the best successful campaign i ever heard. >> that's why we get people like that that can resonate with that. we had older people ringo will be big around the world and demi fits into the social media, she's great at it. she loves the shoes and it comes through. >> now, one of the things i talked about at the beginning was there were these problems that existed. you say in the conference call there were no cancellations, no move outs. everything is solid as can be. no one seemed to mind that they couldn't get the shoe they wanted if there was a port strike or distribution problem. >> well, i think we came through as well as anyone.
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we could have shipped some more. we shipped later in our delivery cycle than we would have had the port been efficient. we might have missed a part of a return. i could have been -- it could have been a more magnificent quarter. the currencies in europe were 20 to 25 million in top line that could have been added had it been the same currency as last year. so like we said in canada we had decreasing volumes, 15% increase. so the shoes are resonating and we'll catch one the margins and we'll get more efficient and leveraged throughout the year. >> i don't want to overstate china because you told us not to overstate china in the conference call. but when you talk about the stand alone business in asia $100 million alone, that could make china one of your biggest markets in a short period of time. >> oh, yeah, i'd be surprised if it wasn't. look at how well the company is growing and how well the shoes are selling and just look at the order of magnitude of the
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population that can buy the products. so it's growing. i think actually as we get through this year we may start to accelerate. we'll spread out with a much bigger franchise base. >> it looks like europe -- you call out germany as strong. we think europe is weak it's not the case with skechers. >> no, it's not the case at all. you could say that the potential is significantly larger because we're so penetrated that in difficult times we have significant growth which means we have a long ways to go as business gets going all around the world. >> i want to leave that at dave weinberg. david weinberg, ceo and cfo of skechers, thank you. this remains a very cheap stock. that's hard to believe, but believe me there are lots of people who didn't think this company could deliver this kind of number. i think this number has been kept back by those four issues and will only get better as the year goes on. skechers is good. "mad money" is back after the break.
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>> announcer: lightning round is sponsored by td ameritrade. >> it is time. it is time for the lightning round. you say the name of the stock. i don't know the calls or the name of the stock ahead of time. i tell you whether to buy or sell. when you hear this sound -- [ buzzer ] -- then the lightning round is over. are you ready, skee-daddy? final for the lightning round. let's start with ali in texas. >> caller: a big texas a&m aggies booyah. >> i like the aggies very much. what's happening? >> caller: my question is about an upstream oil company. what are your thoughts on noble energy? >> noble is very well run. they did the equity offering. rob in maryland. >> caller: booyah my wife loves your show and -- >> she's late to the game, my
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friend. >> caller: there you go. my question is kroger. buy, seller or hold? >> kroger is down and it's time to buy some kroger. steve in california. >> caller: jim, this is steve with the costa mesa booyah. the stock i'm calling about -- >> stock has come down a lot. when that deal is done and combined i'm hopeful that things will be good. i'm not backing away from cyprus. terry in florida. >> caller: hey, big booyah to you from homer south of florida. >> oh, perfect. >> caller: thank you for everything you do. i'm blind. i listen to you in the morning,s and in the evening. i have two of them. i have tas -- taser. and j.c. penney. what do you think? >> penney, so so. and taser, the news flow won't stop and the police departments have to get taser. they have to.
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so i'm sticking with that as a buy. how about tad in texas. tad? >> caller: jim, booyah. >> booyah. >> caller: i want your take on supervalu. >> i like supervalu. but not as much as kroger because kroger has come down to the point i want to buy. let's go to larry in virginia. >> caller: hey, you're cramer. jim, has fhn satisfied washington's pound of flesh? >> yeah. i'm a wells fargo guy. that's what my charitable trust. michael in texas, michael? >> caller: booyah, jim. hey, back in -- around march 5th or 6th you were big on oracle. i bought in and i stopped out last week, but i started buying back in monday i bought tuesday and some today. >> i think you're in good shape.
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look the stock got hit. the stock flew now it's gotten hit. time to reload. i like that. i also like northrop grumman. and that is the conclusion of the lightning round! >> the lightning round is sponsored by td ameritrade. jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this.
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with a history of great brand equity they will not let you down. take snap-on the premium maker of tools for auto shops, as well as construction mining power generation, anything that's mission critical. as i said at the beginning of the show, snap-on has been a consistent innovator which is why this stock just can't seem to stop going higher. rallied at more than 2% today. this was snap-on's eighth consecutive top and bottom line beat. since we last spoke to the ceo in july it's got more room to run. let's check in with dick pinchuk, the president and ceo of snap-on. let's hear about the prospects. welcome back to "mad money." >> great to be here, jim. great to see you. >> we talk your company as a staelt technology play. this quarter more than ever. >> that's right. you see this -- what you're seeing is one of the big things -- the big tail winds behind snap-on is the changing
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technology in the marketplace. what we do, we go into the -- into those workplaces and see what practically will make work easier for mechanics and technicians and professionals and we translate that back to our innovators and product development people and it brings out new products. let me point them out here. this is the ethos. a brand new diagnostic product. now, diagnostic products have been around for a long time. we have something here called the modus. this is for the experienced tech. what's happening more an more of the jobs are requiring diagnostics. used to that 50 engine codes -- you know 20 years ago 50 engine codes on a car, and now there's 5,000. to the point that the new car, 80% of the car changing batteries, working on the windows, working on oil changes require diagnostics. so it used to be that you'd sell these downtown tools to only
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experienced techs and to the garage. now, almost every tech needs them. less than 40% have them now we're bringing this out. less than half the price. it's very simple. navigation is easy. and we expect all technicians to use this. >> you're about i think meeting the unmet needs. no one else has the products that i know of. most people don't listen to their customers or treat them with the respect that you do. >> right. it all started from the beginning in 19 -- in 1920 snap-on was founded. auto repair was just starting and our founder got an idea. take five handles of different sizes, put them together with ten different configurations put them together with ten sockets of different sizes and fashion them so they snap on interchangeably. it was an innovation that revolutionized tool sets all over the country and that echoes down through in things like the ethos. but it did something that was even more important. he laid -- he told us his salesmen to lay those tools out
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on green felt inside the garage. implying that they were as precious as surgeons' knives. also implying that if the tech in addition used -- technician used these tools his job was as important as a surgeon. that means that -- that echoed down through us and when people use snap-on tools they're declaring my job is special. they're the outward sign of the pride and dignity in the work. >> you're always innovating. you're continuously improving. we haven't talked about rock 'n' roll cabs. >> well, for a long time now, back from that beginning, we have had -- now we have 3,476 franchises that ride around the united states and call on garages in weekly routes. but the vans are rolling retail space. and they are bounded by the space there. so there's only so much you can put on. so what we decided is we would
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burst through the space. we'd take advantage of this and we'd provide company owned stores, company owned retail space that rolled out and went on the routes periodically and added to the space. the rock 'n' roll cabs are for tool storage boxes. you can only fit a couple on a van -- a normal van. which is the size of a bread truck. but the rock 'n' roll cabs the technician look at maybe 20 or 30 of these and say, boy, i really like the red one with the carbon fiber trim. i like this one. or i like this one with the power tool drawer organizer. so it added that space. that's one of the reasons why that particular business was up 12.9% in the quarter and the last 20 quarters it has grown more than 6%. 19 of 20 times. >> well, now, i'd be remiss if i didn't talk about these other areas that you're going in. we think aerospace is a major growth market.
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obviously you're building tools that no one else has for aerospace. >> right. we call this the idea that what we have done for technicians, for decades, is observe the work and make it easier. we had the brand that's the outward sign of pride and dignity and people in oil and space respect our brands so we're rolling out of the garage and coming one new tools. for example, you know, here we have let's see, i can find an aerospace tool. if you look at this kind of tool, this is one of the tools that works very well in the aerospace situation because it will cut both hard wire and soft wire. very important in aerospace. and so it's -- it's made just for that. and you can look at spline sockets which meet both mill spec, meet both mill spec and aviation specifications. what that means is they're tough. they won't break and they'll fit in those places where jet engines are. what's happened is that business
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grew at 9.8% in the quarter. >> these are amazing. now also -- i know it's the last question, but grants. you worried about it last time -- >> france gave me a headache for years. >> now -- >> but what we did was and we have done this. you see the thing is, currency can go up and down. markets can -- economies can go up and down. but we are people who capture territory. we like market share. we like customer devotion. we like physical position. we kept investing in france. this quarter it was up mid single digits and that business grew almost double digit. >> you're great in the america. you're one great american company. nick pinchuk, president and ceo of snap-on. take a look at the stock. this company is terrific. thank you so much. great to see you. >> good to see you. >> stay with cramer.
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microsoft, amazon google starbucks, all have those characteristics of companies that people are betting against, that people thought there could be short falls and they're all up in after hours trading. we have to dig down and figure out if they should be. right now, so far, so good for four stalwarts of technology and retail that could really liektd up tomorrow's trading. there's always a bull market somewhere and i promise to find it just for you, right here on "mad money." i'm jim cramer. i will see you tomorrow!
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