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tv   Mad Money  CNBC  June 2, 2015 6:00pm-7:01pm EDT

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10:30. we have xle as your way to play it. >> lions gate we said we need a few days above the goal. >> we'll see >> 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 try 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 you but teach and coach you. call me at 1-800-743-cnbc or tweet me @jimcramer. you always want to know what to focus on during a given session. you want to figure out what's driving the psyche of the
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market. especially on a day like today where the averages started out just getting completely hammered. it was merciless out there. dow one point down 115 points and then came roaring back only to give up their late gains. dow only declining 28 points. s&p down .10%. there's a lot underneath we have to talk about. what inputs do i look at to understand a day's trading? so now we're going to break it down. first i like to judge based on how stocks react to the earnings reported that very morning. if they go higher on better than expected numbers and guidance then the market is going to behave rationally. today we saw it worth 7% with the terrific numbers we talked about last night. more on that later. we were able to see right through the currency issues to recognize they had a truly dynamite quarter or how about the huge numbers from cracker barrel this morning. do you see that?
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here's the restaurant chain that's to lower gasoline prices because they're on the interstate. it doesn't hurt that cracker barrel where you get the best piece of apple pie ala mode gave you a $3 special dividend. that's the story analysts can sink their teeth into. take dollar general which reported what looked to be a mixed quarter but like dollar tree it had the west coast port strike to thank for whatever disappointment there might have been. but it's not just earnings i watch. i also like to watch how stocks react to news flow. they put out extraordinary sales numbers but stocks failed to react that positively. even general motors barely budged. with the industry on track to sell north of 17.5 billion vehicles a year you'd think that ford fiat and gm would be roaring but people caught on to the fact that these are big
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global economies. these kind of sales are a fabulous sign for the overallstate of the consumer for employment. i'd like to factor that in too. what else? i like to see how interest rates are impacting the market. for the vast bulk of my career i feared high interest rates because they have been a sign of inflation which erodes purchasing power and hurts the long-term value of stocks. these days we're actually -- if you're bullish rooting for higher rates because the financials largest part of the s&p 500 need them in order to meet their earnings targets. when i saw rates this morning i was enthused by the move even though it's against my better long-term judgment i care about oil. oddly once again we went to hit higher because there's so much money betting that way. as long as crude doesn't go above 65 the market favors the higher oil bias as a sign of stronger economic activity which we want to see to keep the averages higher and it turns out a lot of those jobs we miss them.
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but most important what i really want to talk about tonight is that i care about the dollar. more clearly, what as of today i am calling the super freaking powerful dollar. this thing, this currency has become the scourge of the u.s. economy. it's made our companies push overs versus the rest of the world. we are pa thetdthetically allowing every other country to devalue so they can steal our business. a necessary condition for any sustained rally right now is so welcome that you want to jump up and down and applaud the green backs descent like the serious tumble the dollar took today. how do we know about this linkage? it's not that easy to spot. at least initially. i was up on twitter at 4:30 a.m. pointing out how wrong the overnight futures were to
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descending rapidly when the dollar was already on the decline which is a good thing. still we know these can often be incredibly misleading. march to their tune opened hideously but as the dollar continued to roar -- euro continued to roar higher against the dollar stocks started sinking, stocks started going higher. some even soared although they had to give up the gains when the dollar strengthened against the close. how important is this upsetting dollar to the bull story? let's consider it a glaring case of the company we're close to here. the company you talked to last night, pvh. this stock has been under tremendous pressure since it's acquisition three years ago. why? first they had been undermanaged and poorly maintained for years. seemed to surprise the pvh people. secondly it made them a more international company with a great deal of business in europe
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right when europe collapsed. ever since that we have seen disappointment after disappointment from pvh with the stock repealing it's entire 40 point run from when the deal was announced. last night we got the most definitive surprise. with earnings before interest the taxes, depreciations up 25%. the calvin klein put up a 25% increase. it was the long awatd earnings break out but that break out was much harder to find in the headline numbers. even though they delivered to 12 set earnings the earnings per share only increased 3 cents year over year. it's revenues actually declined by 4%. year over year sales were down. who wants declining revenues? the answer is pretty much everybody. why? if it weren't for the super
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dollar pvh would have seen it's earnings increase by 20%. if not for the dollar. but if you look through the u.s. which was sluggish you'll see that the tommy hilfiger and calvin klein suffered in tourist destinations. san francisco, miami, new york. as was explained on the show last night the insanely powerful dollar didn't just hurt sales overseas but stunted domestic tourism. it's too expensive to travel here and you don't want to pay for jeans and a nice sweater by the time you do. but if you get your head around the fact that the dollar could weaken like we saw today during the mid afternoon you can factor out the impact of currency and recognize pvh was able to raise prices on denim and underwear and that's the first time that happened in ages. in short, pvh is finally killing it and when you add in the plummeting price of cotton it became clear that you had a real
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bargain in pvh but you had to see through this. now let's draw some broader lessons from pvh. think about what this quarter means to the rest of the market. to me this incredible stock reaction means two things. first the dollar has gotten so out of control it makes an excellent quarter look like a mediocre one and second on days like today where the euro is strong we can dream. we can dream that just maybe the super freaking dollar move may at last be over. what assures us that the euro is about to have a sustained advance against the dollar? we had inflation in europe last night. that makes the european central bank less excited about the currency. they want some but not too much. remember that's one of the goals of the ecb bond buying program which kept the euro weak versus the dollar. second we're getting reports that a resolution might finally be at hand in greece which we talked too much about anyway but frankly we don care how it's resolved anymore. the euro goes higher against the
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dollar. let me give you the bottom line. today we saw this market's true colors. the rick james super freaking powerful dollar is at this point an abomination for stock prices. you cannot bring the super freaking dollar home to mother. but if you get a cheaper dollar stock market can only follow in the footsteps of pvh and go higher. maybe much higher. otherwise we are range bound with a strong dollar with very little hope for a sustained advance. i'm starting with isaac in pennsylvania isaac. >> caller: hi jim. thanks for taking my call. >> of course. >> caller: okay i'm calling about united rentals. i'm sure you know after many many months the stock finally broke par and got to 104. then a couple of weeks ago or so the ceo was heard saying there would be a little bit of softness in may. as soon as that hit the street the stock dropped 15 points like
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a rock. the next day a bank of america analyst downgraded the stock to underperform and said there was overcapacity in the equipment rental space. what is your take on this? >> i saw the bank of america piece. morgan stanley ranked it number 2. i was on that conference call and that was disabling. i felt that ur was going to be okay. there were problems in the oil patch. we didn't think that was only 6% of the business but it did hurt them. i was discouraged by that call and i said to people now that when uri goes higher you have to scale out of it. that was a discouraging call and i felt that business should have been better for uri given the long-term prospects. i don't think it's going to 80 like they say but it makes sense to sell into strength uri.
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thomas in texas. >> caller: booyah big jim, my stock is outfront media. they have 58,000 billboards. 600 are digital. the cost of converting to digital is declining allowing outfront to generate four times greater revenue. with the laumplg of outfront studios which would make them digital content creators do you think now is a good time to make a bet on out. >> why din cbs do it if it's so great. i think that story is just okay. not that great. you're not going to get me to recommend that stock. i think i do prefer owning cbs which is a good stock. all right. the super freaking dollar matters to this market too much. a strong one is just plain bad. we need a cheaper one. you saw what happens when we get one today. "mad money" tonight, the battle for organic dominance is raging with everyone from whole foods to walmart duking it out.
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should you enter the fight or just stay away? don't miss my take. then the healthy trend hasn't stopped denny's from delivering gains. can your portfolio hit a grand slam? don't miss my exclusive with the ceo. plus the company that helped build some of the greatest mirrors mirrors. the world trade center and that glass thing, wow. stick with cramer. >> don't miss a second of "mad money." follow @jimcramer on twitter. have a question tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.
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people are trying to buy whole foods now that it's down 19% year to date. they're about farmer's markets. those who like to shop at some of the prettiest fresh markets
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and they can be dazzlers are intrigued by the stock. the ceo of target was on the show last night. target wants to get bigger into wellness. that's code for what whole foods is doing and he told us he is just getting started in the expansion of the food aisle to include more natural and organic offerings. how much does he want to dominate the natural and organic space? why don't you check out this little montage. >> we're raising the bar with our focus on baby and kids and starting to get into the wellness space. we're going to be famous for style, apparel, home beauty and wellness. we know our guest is focused on wellness. they're asking for more organic, natural, gluten-free products. >> wellness. do you hear it? i say welcome to the most crowded area of the supermarket in big box business these days.
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while it is a double digit category at a moment when supermarkets have zero to low growth at the center of the merchandise and they're seeing the same heavily discounted numbers at a certain point we got a little saturation problem. sure the natural and organic categories are at an 11% clip and it's said to be reaching $40 billion in sales. you need to recognize that you're playing with some chains who simply insist on winning the space including costco which at $4 billion run rate is now neck and neck with whole foods itself. quite a change from when costco's management did it to me a few years ago. they thought organic food was a fad that will go away. even walmart recognizes the importance. i say even walmart because this is a store where they sent me to rice kripie bars instead of rice
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cakes just five years ago. they have the simple truth natural and organic food line. who knows how much business privately held trader joes is doing and amazon sells so many natural and organic products that it's become a major driver of sales at hains which wins no matter what. into this comes target's brian cornell and we know natural and organic is integral to his goal of capturing meeing millennials and young moms. he can't afford to lose this battle and he can't afford to seed ground to anyone in the category including whole foods which was once all powerful in the industry. we know in our interviews that his company isn't taking these challenges lightly. the founder of the movement is work on a new concept store to appeal directly to millennials. when you're dealing with this kind of price war it's going to hurt the margins of everyone
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involved plus it's easier with a company like costco to come in and dominate the category almost as a loss leader. your worst nightmare fellow retailers. there was a shortage of organic products in this country which means higher prices for the consumer. prices that costco may not feel like passing on to get you in the stores. it can get away with keeping prices lower than everyone else's. be careful with bottom fishing in the narrowly focused natural and organic supermarket chain stocks. when you wade into the natural and organic aisle it's a battlefield where target is determined to win. i do not want to doubt the resolve of a company that's playing catch up in this super important category. competition is profits and this natural and organic space is becoming as competitive as any space i've ever seen. jeremiah in utah, jeremiah.
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>> caller: booyah man. i just picked up a copy of get rich carefully. looking forward to dive into that. and i catch you every morning on squawk on the street. >> how about my partners, aren't they great? >> caller: they're great, they're awesome. the question is on kraft. what's going on. >> it's going to hang in here. you ought to grab some and put it away. it's going to be merging with the 3-g heinz guys. i'm waiting to do a piece on it in it would just drop to 80. how about we go to tim in california. tim. >> caller: hi, jim. i was curious about pinnacle foods. a few months ago there was talk of them acquiring hillshire and then there was talk of somebody acquiring or mergering with them. >> right. >> it was all about the same time as kraft foods. >> this is the hottest stock in
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the group and you know frankly i was going over this with my friend matt the other day and we can't figure it out. i do not know why pinnacle is this high given the fact that it doesn't have the kind of stuff that's all natural and organic. it's doing some stuff right. to me the stock is too high but i will tell you this it is extremely well managed and that's probably behind the incredible rise. all right. it's all about wellness. you heard it from brian cornell. target has its eye on it. i don't doubt it can catch up. much more mad ahead including my exclusive with denny's. can america's diner keep sizzling on the street? i got the ceo. it's a big conspiracy. then chipotle and monster beverage lost a lot of steam lately. is it perfect time to pull the trigger? i'll find out when we go off the charts. plus the company making some of the world's most iconic landmarks shine for centuries and what it can tell us about the global economy right now. stick with cramer.
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>> what's the deal with dennys. this chain of diner-like rest rantds have been on fire. the stock doubling within a 10 month period from last july until past april. since then dennys have gotten slammed and i don't mean served a nice grand slam breakfast, stock is down over 10% for the year. i think the recent weakness is about the fear that rebounding gasoline prices could put a dent in consumer's willingness to go out to eat. that's caused pain not just with dennys but the entire restaurant group regardless of whether or not the earnings have been good. the earnings were terrific. the company reported less than a month ago. it delivered a beat off a 9 cent basis. 7.4% same store sales let's not forget huge buy back here. that could retire more than 11% of the company's shares outstanding. this is effecting the whole group and dennys saw it's stock
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tumble more than 3%. since they recovered since then they're flat for the quarter. that could be the opportunity. this may be the pull back that's giving us a nice entry point in the stock that could have a lot more room to run. that's why i want to take a closer look with john miller the president and ceo of denny's and hear more about his company and how it's doing and where it's headed. welcome to mad money. >> thank you for having me on the show. >> we have been behind denny's and it's been nothing but greatness and the stocks seem to have leveled off when gasoline seemed to have gone back up but your numbers have accelerated. this gasoline thing is not necessarily everything that we're talking about here. >> historically it's not correlated at all but i think it dips so much that the story came out and it was timed with the rise of a lot of people going back to work and going to eat out more and it gave a little bit of a mixed signal. >> to me the story of denny's is a remarkable asemblance of
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people that go there. you have a deal of guys like me boomers, families hispanics and millennials. how are you able to attract basically four groups of people. >> it's not necessarily what they want to eat out. boomers, you and i, we're going to be more like them than them like us. they're not listening to the 60s songs unless they're remixed with a little more base on them. we do what they tell us to do. my daughter says dad, egg white, spinach, omelet with turkey bacon and i say yes dear and eat that with her and she says your new chocolate peanut butter shake is really good. so on balance we want choices. >> on balance. we have this but we have what we have. my mom's favorite was the grand slam. sentimental because the week before she died she was like we're having a big mac and grand slam. and to me it is a memory of things past that we loved.
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>> there's something about that come as you are space. it's very welcoming. park your title. be yourself and people need a little bit of that in their life. >> park your title. be yourself. at the same time the average ticket has been going up. looks like you have been saying that the value moving away from value going a little bit more expensive. getting some more fixes. >> the value is there. there's every day price value so the 2, 4, 6, 8 value menu and then more entrees that are $9 to 10 to $11. that's raised the check 5% in the first quarter but still well underneath our competitors. so there's great value and that's the attraction. >> the new look is the old look isn't it? they're back. people love that. >> people do like boost. booths they also need large party open seating but the thing
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about the environment change is family dining in general but dennys especially is its a 62-year-old brand and we let the space get out of date and tired. so just bringing up the space to expectation is all it took. >> who are you taking share from? >> i think home more than anything else. >> yeah. >> moms that love to cook is our biggest fear at the end of the day. >> interesting. because what i was thinking is perhaps it is mechanics donalds because i feel that people want you know -- mcdonald's is expensive when you compare it to what you get here but it's not. you're saying it's home. >> yeah. >> when i looked at your social media i looked at the grand slams, the videos because millions have. so you have got some sort of social media mojo going. how does it translate to sales. >> this is difficult to know how it translates. >> both you and i are stumped here. we know that it's doing something though. >> the scores are good. whatever that means. not sure. we have one of the highest scores in the rest rantd
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business which means there's affinity to like it. it doesn't mean it translates to butts in seats. but because we score well we're on the right track. we've had 15 million views of these 11 episodes. very difficult to achieve. so we're proud of the effort. >> the big conspiracy one. i love it. >> i like booth versus counter. >> you do something that i wish other restaurant chains would recognize. you actually say the franchiseees are our customers. can you explain that? i think mcdonald's lost franchisees. they had a good yield and they can come back but you have always cared about them as customers. >> at the end of the day franchisees sign leases and put their money at risk. they're a job creation machine. they're the american dream and many of ours live that dream. a lot started as employees and now own their own business. she has 75 restaurants and start
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z as a food server years and years ago. she bought her first restaurant with a credit card. >> you have to put her on our show. >> they are a system. they're a franchise system. they take care of the guest part of the brand. >> your company numbers are good. you like to maintain company numbers. what's your takeaway from the companies doing better than some of the franchise. >> we kept the best trade area. they're usually a little higher risk. >> yeah. l.a. or scattered around the country. upstate new york. >> 50 here. >> you have 46. that means you can use more. >> and the 190 in the state of texas. we could use hundreds more. >> this is just a great story and i think that you're going to buy all the stock in before our viewers. i don't want that. that's john miller president and ceo of dennys. what an amazing turn. what a great place to eat. "mad money" is back after the
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break. >> coming up landmark business from the statue of liberty to the home of america's team there's a common bond that connects these iconic structures. what can it tell us about the strength of the global economy? cramer's got the monumental details just ahead. hey, what are you doing? you said you were going to find out about plenti, the new rewards program. i did. in fact, i'm earning plenti points right now. but you're not doing anything right now. lily? he's right. sign up, and you could earn plenti points just for being a wireless customer. in the meantime, i just kick back and watch the points roll in. where did you get those noodles? at&t cafeteria. you mean the break room... at&t - the only wireless carrier to be a part of plenti now when you add a new phone line to your wireless plan you get 5,000 plenti points to use in lots of places.
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just as the entire market can't keep rally indefinitely stocks do fall out of favor. you to ask yourself whether they're down for the count or simply taking a breather? take chipotle monster beverage and lululemon. three stocks that had been red hot. there's a lot of people's lips saying they lost their mojo. should you be worried that they might come crashing down to earth? these are all fundamental battlegrounds. we go off the charts to answer these questions and we'll do it for all three high profile stocks. terrific technician. managing director as well as being my colleague at real money.com. you can get his stuff and read it and make your own mind up. but we'll go over these three.
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all three of these stocks have been leaders but you can't expect your leaders to last forever. bull market is like a relay race. one or two sectors will take the baton and set the pace but after they have run the course they'll pass the baton on to the next leadership group. first half of 2014 energy stocks were leading the market. they're consistent right? then these stocks tired as the price of oil continues to plunge. then the bio techs which set a blistering pace up until a few months ago. that's where we are right now. get that baton, baton, baton. okay? the point is just as these sectors rise and fall so do individual stocks. don't take it personally. no leader stays at the head of the pack forever and chipotle monster beverage and lululemon are classic examples of generals
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de demoted. it's a hint of things to come. let's take a look at the start up for chipotle. it had been a obstetrical letter performer for ages. we're talking about the stock. not the company. it got pummled after the latest quarter. management disappointed wall street with the conservative guidance. they haven't gained any ground since last summer. they noted the stock has been trading sideways to find floor support right around 600. and a firm ceiling of resistance at the 720 level. of course they have been dinged by earnings related sell offs before. they see signs in this charts that make him worried about the stock's trajectory. while they have been trading sideways it's moving average and a momentum indicator that they use to predict where stocks
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might be headed has been on the decline. it's one of the most frightening things in technical analysis. it's called a negative diver divergance and suggests it could be lower. it's marked the floor support for the stock since october of 2012. so you see this well that's not so good and the stock has also fallen below it's 50 week moving average. that's the blue line since 2013. this is a ugly chart but it could get uglier if they fall below 607 and take out the psychologically important 600 level. if that happens, look out below. my sue, i like the fundamentals and if they have a real beating in store that's a good opportunity to buy some. for years you have rarely gotten a chance to pick it up at a discount. this could be your moment. there's short-term challenges of course but i think the team is up to conquer them.
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next up check out the daily chart of monster. another leader that's taken a beating lately. also after a quarter that wall street considered disappointing they reported a month ago and took a big hit from the strong dollar and from cancelling their disagreements in order to transfer to coca-cola's distribution system. now they think this chart is remarkably similar to chipotles and after the recent earnings induced sell off the stock has gone nowhere for the past three months. at the same time that the stock has been trading sideways the indicator at the bottom of the chart is again negative convergence. pretty stark and that remember is a four runner of what's supposed to happen. on top of that monster is broken down below the key 50 day moving average. that's just deadly. it's also fallen below the bullish trend line for the first time since august of last year.
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it's making a triangle pattern. monster is made a fresh three month low last weekend and another one today with the stock at $126 and change. i think the markets are overreacting in the last quarter. we know about the change in distribution systems and being able to use coca-cola's network is a major positive worth short-term pain. you believe the dollar has peaked. just like chipotle you should do some homework and seriously consider buying monster beverage or do my strategy buy coca-cola. that's the cheap way to get green mountain and monster without the beating. take a gander at one my charitable trust said good-bye to but we're looking to get back into it. lululemon. the stock has now broken down from an extremely bearish double
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top formation which suggests shares can go lower given that they have fallen below the floor of support at about 60. this stock was down padly and managed to rally at the close. didn't change things but i point that out. lulu is also supporting a negative divergence. look at that. unlike chipotle and monster i wouldn't be look at an entry point but we have a quarter coming up. you have to be prepared for the strongest leaders to lose their mojo. lately they have all gotten slammed after flying too close to the sun and the charts as interpreted suggest that there could be even more pain ahead i would tell you these are high quality names. i'd say their stocks are too attractive to ignore at least for the secular fundamentalists out there that still believe when a stock goes lower it might also be getting cheaper and safer too. "mad money" is back after the break.
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it is time. it is time for the lightning
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round and then the lightning round is over. are you ready? it is time for the lightning round. carmen in georgia, carmen. >> oh cramer i have watched you for years and years. >> thank you very much. >> i'm 80 now, okay cramer. what is your opinion about general electric. >> slow and steady. tie the race. it's going to go up over time. you get that dividend and keep reinvesting the dividend and you'll do fine. i don't think you'll shoot for lights out but you'll do fine. now we're going to andrew in illinois. andrew. >> i'm calling you about ticker symbol adss. they're an up and comer. they use a technology platform which uses it. >> i have been saving the one -- after doing the work on the group i have come back
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repeatedly to saying in this segment i want blue bird. that does not mean yours is right or wrong. i'm just saying in this segment. i need to go to gary in virginia. >> good to talk to you again. >> same. >> party city. my nieces spend a fortune there. >> when they rolled out a lot on the recommendations they were almost all positive. another quarter or two will be good. i'm on your team. i like it. justin in new york. >> what do you think of royal dutch shell. >> i like them but not as much as the other oils. i'm not going to give it my seal of approval. walter in georgia. >> yes mr. cramer. >> yeah. >> thanks for taking my call. i would like to say what a great job your telephone lady does. >> she's fabulous. >> you're absolutely right.
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>> i'm 81-year-old old georgia country boy but i know that 2 and 2 is 4. i'm calling in regards to arlp. i've had the stock for 16 years. i've been involved in two splits. it pays a great dividend. but lately -- and it increases the dividend often but since the august split has been up to 51 and down to 30 where it is now and all the bad news on coal i get a little nervous. >> i think you should be nervous. that was something that david faber called it the war on coal. that makes him pull back from anything coal. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by t.d. ameritrade. like a custom screener on your desktop,
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that updates to all your devices. and you can share it with one click. wow. how do you find the time to do all this? easy. we combined every birthday and holiday into one celebration. (different holidays being shouted) back to work, guys! i love this times of year. for all the confidence you need. td ameritrade. you got this.
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here on mad money we're trying to give you a sense of the global economy and sometimes that means talking to the leaders of major foreign company even if their stocks don't trade here in the u.s. we're checking with a company, the french company that's the leading global provider of all sorts of construction materials including glass, roofing, siding insulation innovation
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performance materials. 350th anniversary this year. 350th. this was found in 1665 to manufacture those mirrors that we love. they're refurbishing the interior of the statue of liberty. providing many materials in the comcast tower as well as the rebuilt trade center in new york. worst of all and best of all the dallas cowboy's stadium attractive roof panels. they were all met with performance plastics. that's just here in the u.s. you might also recognize the handiwork at the beautiful glass pyramid at the luve. let's dig deeper. and the company's north american chief executive. welcome to "mad money" and happy 350th. >> thank you. >> thank you very much. >> when i look at your company,
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190,000 people just really the fundament of all building this must be an amazing moment for you. if we were to get an economy that would spark you'll go from 2 to this. you were probably the most levered two of any company i've ever seen. >> we're going to benefit from the recovery in europe after construction after the one that's already started to take place in the u.s. we are but halfway and i think we are going to benefit from that and in the construction world one thing which is going to drive our growth in addition to that is the fact that more and more people want sustainable housing and that's really what we provide. >> well i thought it was amazing in all of the 350th you talk over and over again something that only dave talks about from honeywell.
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40% of our energy is in building and if we use our materials we can cut back dramatically in global warming. it's the greatest way to do it. >> it's huge growth opportunity from that. if you take the last generation of our double glazing, you know really insulate more than the wall. because at the same time that the sun go in. so it's fantastic proposition for the future. >> it really is. now, one of the biggest supporters in philadelphia i'm looking at if any of you were to adopt a serious infrastructure who would be involved. do you think any country will do an actual shovel ready build the way that the interstate highway system was done or is that just a thing of the past? >> i think it's going to be a big challenge but honestly i think as an american we all know it needs to be done. we see our highways crumbling and overpasses crumbling. i think strong infrastructure
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and highway systems are critical for our future success. so i really hope that washington can pull it up on the priority list and start to address it. >> when i look at the big projects, a lot of them were comcast obviously private but a lot of them will be governmental or a charity basically. it's surprising that there's not a lot of big industry building big buildings anymore. >> we're actually building a big building moving to a new headquaters which will be a living laboratory for them that will incorporate all aspects of our technology and building materials. so we're excited to move in and we would love you to come visit knowing it's close to your hometown. >> i'll throw out the first pitch for you. which countries are good in europe right now? >> clearly the u.k. started to go very well. last year that was the first one. the nordics we are quite important is good. spain from a very low base.
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it's a country that's going to have the highest gross in europe this year. from a low point but it's recovering very strongly. germany, at the moment it's a little bit uncertain but it's in the construction area where we are but it's period driven by exports and france is lagging behind but i think the combination of the low euro and low energy prices and low interest rates mean there is a momentum in europe which is building. >> do we talk too much in this country about the problems with greece given how small it is? >> i think so. >> you do? >> i think so. i think that you know, to put things in perspective three years ago problem in greece were a threat for europe. the euro zone has changed. banking union and all of that so now i think we could leave. i hope it's not going to happen but much less of a problem than three years ago. >> you just said spain is the best grower. >> greece is small. >> how about asia. what do you see? >> i'll pass that one. >> asia at the moment you
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know, with the energy and currency, you have a very different situation. india is one other country benefitting the most for what's going on at the moment. >> when you see a rate cut like last night that makes you feel good, right? it does matter? i attribute rate cuts infrastructure, government spending to making things better. what kind of growth can you have? >> in india, we are having infrastructure is going to be huge. >> it's going to be gigantic for you guys. >> exactly. >> you make stuff in every country. >> we manufacture in 64 countries and most of what we manufacture in one kuhncountry and sold in that country. >> no currency issues. >> and as we report into euro high dollar is good but it's not business impact. >> now i know everyone is asking the list here but it does trade in paris. that's important for people to note but this is one of the great infrastructure companies. one out of every five guys i knew worked there. that's what it was like in
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philadelphia. okay. that's pierre andre, and john me to pronounce who is the country's north american chief executive. thank you so much for coming on the show. >> thank you very much. >> stick with cramer. en my teeth are ready? ♪ ♪ can it track my crew's performance, and protect their heads? ♪ ♪ can it tell the flight attendant to please not wake me this time? ♪ ♪ at cognizant, we see opportunities for every company. to meet the new digital demands of their customers. can it process my insurance claim? like, right now? can it download a track while i'm sampling it? can my keys find me? with the power of digital, analytics and automation now every little "thing" can provide even greater value. ok, so can it tell the doctor how long you have to wear this thing?
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>> i like to say there's always a bull market somewhere and i promise to try to find it just for you right here on "mad money." i'm jim cramer. see you tomorrow.
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lemonis: tonight on "the profit"... it's a small space. tonnie: it's been challenging. lemonis: ...a tiny cupcake shop with a big idea. tonnie: you walk in, you pick your cupcake out, you pick your toppings. lemonis: tonnie's minis should be raking in the dough, but it's not. there's $134,000 worth of debt. his biggest investor is his wife. erenisse: it's to the point that i'm not giving any more money. lemonis: tonnie's bakery is cramped and chaotic. sales are down. right now, we're losing money every day and so i'm trying to stop the bleeding. and the debt keeps rising. erenisse: i'm just upset 'cause i didn't know about all those people that we owe money to. lemonis: if i can't find a winning recipe for tonnie... we're closing the store. lauren: oh, my god. this is ama-- [ glass shatters ] lemonis: ...his relationship and his business will crumble.

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