tv Mad Money CNBC June 23, 2015 6:00pm-7:01pm EDT
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it. >> mr. guy adami. >> simon i know you're playing hurt. got a little cold. way to go, though. bullied right through it. conagra. you stay long above 40 bucks. >> i'm simon hobbs. catch more "fast money" 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. other people want to make friends. i'm just here to make you a little bit. call me at 1-800-743-cnbc or tweet me @jim cramer. it's tough to rally when greece isn't in the bag. they're already yapping less than a week after we thought we put that to bed and the dollar
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soaring. 30 stocks in the dow jones average and that's how the market can open up nicely and stall out like it did today. dow closing up 24 points. nasdaq rising .12%. it's why as i said this morning i don't like the set up meaning the way things look for the market overall. we keep confusing what's good with what's bad. we seem to do it like clock work each morning including today where the market rallied hard at the opening even though the dollar was back to being incredibly strong. that was not what we want. we care about earnings on the show. it's going to hurt earnings. it's why the only dow stock to move higher to speak of was united health which could be called united states because that's where it works. that's where it dominates. too bad they kicked at&t out of the dow because that one blasted off on a whole village of analyst upgrades and it takes a
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village of analysts to move that dog out of the bow wow chateau and how painful was it to hear the fed governor say the time is nye. he is bad to bust one rate hike after greece is done but kuwait until it's resolved before you say something? do you know what that was like? hey i know it's only the 8th inning but we got a no hitter going. jinx. wait a second. here's the other issue with the averages. just because we have a negative set up doesn't mean we're doomed because in the end this market always seems to take a page from steven segal's masterpiece hard to kill. it doesn't want to rollover. the reason every time it seems we have a real market wide death rattle on our hands individual
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stocks wake up to destroy the whole pessimistic narrative. a lot of what happens in this market is about vanquishing with negative story that's with a specific company. it often seems to me that much of this magnificent run over the year has less to do with the off sited easy fed and much more to do with the negatives that everyone is worried about going up in smoke for a variety of reasons. let's tick down a couple. let's start with under armour. they are classically overvalued even with it's magnificent growth. that's nose bleed territory people. everything has to go right to that stock to advance. what happens to rebut the negative presumption? ceo bids up kevin durant's endorsement rights forcing nike to pay $150 million more than
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they otherwise would. here's a vintage quote, do i take pleasure in that they paid $150 million more than they planned on paying he told the washington post at the time absolutely. not gracious to a fault. and then duran goes down with an injury while he signed stephen curry. and he electrofies the country. i see this guy on the leader board of no interest whatsoever while jordan speith is on ice. so the leader finds himself, last hole in a minigolf situation. i'm not kidding. a mini golf situation with two puts that i could have won a free game with and he blows it and next thing you know plank has the u.s. open winner. he either had a win machine
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going with the plast hole or he was able to alter the earth's rotation around the sun. that's how a stock rebutts the negative. lastly you have us talking about how mark zuckerberg may have got an bargain when he bought what's app. i am vying for world's most hated man as i play whack-a-troll beginning at 3:45 every single morning. >> i want this to say whac-a-troll. but now the stock breaks free and i'm hearing people say what's app may give took a shot at accelerating it's growth. it just blistered past walmart in terms of market cap although walmart is helping facebook's cause by shedding more pennies into an endless dip into the low 70s. then there's a company that's been bedevilled by a patent
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challenge. not by a drug company trying to make your drugs cheaper but a hedge fund. it's actually trying to trip the patent protection. it's caused weakness in the stock for ages. the only problem is they're not only making fortunes now and buying back billions of dollars worth of stock but it also has stakes in lots of smaller bio tech which is may have come back with something potent. it's not some sort of sitting duck. it's a moving target. one that may be moving too fast even for a billionaire gun slinger like kyle bass. and let's not forget allergen. a company that's known for its acquisitions or at least it was known for them back when it was called activis and then they went and swallowed a whale and the next thing you know it's settled in. even changing it's name to alleg
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allergen. the buy buy buy days are now behind them. i couldn't have been more wrong. a few days later they buy a company with the cure for the double chin which duck tails with allergen known for its botox facial franchise. when you dig deep you learn that the key drug might replace a lot of plastic surgery. it even has the possibility of blasting grandmother arms. arms with flab. i think my mom didn't hold a patent on that particular term but it's better to describe unflattering physical descriptions to your mother than yourself. the stock breaks out and now it's on the reverse wrinkle free head and shoulders pattern that could take it to a new high. finally to the oils. talk about hard to kill the oils are beginning to take on a mason storm persona all of their own. you know as in we are outgunned
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and undermanned but we're going to win. you know why, superior attitude superior state of mind. this group refuses to go down anymore. with oil helping the cause by sticking to $60 like flies to fly paper or piano swrons to roost. every time you think that something is going down for the count in this market because of greece or the dollar or comments about a rate hike the sum of the parts holds in. that's why my bottom line tonight is as much as i may dislike the set up i don't hate it either. too many good things lucky things jordan speith things keep happening to give this stock market a fairy tale happy ending. can i go to donna in texas, please. >> caller: booyah. >> what's shaking? >> caller: i am. you are. >> and netflix is with a 7-1 stock split. take that. >> caller: wasn't that sweet?
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i am calling about something else, though. kinder morgan and what effect the pipeline deal may have on kinder morgan and should i buy more. >> i think kinder morgan is fine. there's bears all the circling rich kinder. that's a mistake. it's fine. my charitable trust owns energy transfer partner which is is all caught up in this big thing with williams. consolidation is good for everybody. that's why i'm not down on kinder morgan. let's go to kevin in oregon. >> yes hole heello jim, a warm hot sunny booyah from portland. >> a desert booyah back at you. >> we're all drying up here. i'm looking at wtr. it won't rain. >> yeah you know. it's fine. you know the company it's a
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water company. it's not going to move the needle and doesn't relate enough to that. so i'm going to have to take a pass on that but there's other stuff i like. i don't like the way things are overall for the market but i don't hate it either. don't get me wrong. we're not doomed. individual stocks just tend todayly destroy the pessimistic narrative. on "mad money" tonight, up more than 50% this year with brands probably in your kitchen and bathroom right now. it's a critical new reality for the digital age. companies and governments want to spend a ton of money to protect themselves from hack attacks. i have under the radar names. plus gook hit a new all time high today. but don't friend or block this stock or favorite it unless you're taylor swift, unless you get my take. stick with cramer. >> don't miss a second of "mad money," follow @jimcramer on
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>> what the heck is going on with helen of troy? no i'm not making a literal reference here. i'm talking about helen of troy the consumer package goods company. symbol hele. here's a stock that rallied over 50% year to date. a remarkable move even as many of you never even heard of it although you probably bought some of their products. sadly smaller less flashy companies get ignored by wall street in favor of their larger more promotional breaththren. that's how they manage to stay under the radar despite the fact that they're soaring through the atmosphere. we've seen the same story play out with dillards fleet core technologies, black hawk network
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holds and now it's happening again with helen of troy. this company is actually a pretty heavy hitter but unlike it's name sake it's been overshadowed by the titans of the industry like colgate, clorox and procter & gamble. you'd think a company named after the most beautiful woman in western literature would get attention. few analysts follow the stock. in part because it's so small with a market cap of $2.8 billion. but they have put together a stellar year so far and out pacing it's peers in the space. in short, this is a terrific stock and even though it's already had a huge run in. trades at 17 times earning. meaning it's relatively cheap and yes i would bless buying at these levels. unlike the original helen of troy this helen of troy is widely ignored which is why i think it's such a great opportunity. first since most of you don't have a clue about this company, what exactly is helen of troy? it was founded in 1968 as a wig
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store. a wig store. in el paso texas but today it's a global consumer products company that sells a variety of personal care and health care products along with house wears and home environment brands. think oxo kitchen tools, pur water filters, pert plus shampoo and braun electrical appliances. many others. helen of troy has been living up to its name as this legendary performer. the reason the stocks have been able to rally over 50% year to date is helen reported two phenomenal quarters in the row. they earned $2.70 a share. most was only looking for $1.57. also raised guidance closing helen of troy stock to rally 12% the next day. they reported again and once again crushed the estimates earning $1.66 a share.
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well again better than expected revenues that rose 20.9% year over year. next day the stock moved up over 10%. the original helen of troy may have had the face that launched a thousand ships but this one launched 10,000 buy orders. it's been on the tear up to an inch a day high of $100 a day where it pull bakd toed back to close $98 and change. how is it that helen of troy has been able to beat the estimates by staggering amounts? okay some of this is about the walmart promotion machine. it appears that they are the only firms that consistently cover helen of troy which means the estimates of these analysts become the consensus as opposed to household named stocks where you might have dozens of analysts following them. it's entirely possible that the guy covering helen of troy
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grossly underestimated the performance. allowing them to submit the low lights out. that's only part of the story. regardless of the analyst consensus helen of troy has been posting amazing numbers in absolute terms. curtesy of the companies that focus on innovative new profits and expanding it's margins. what is this? this is tony and guy london salon. let me see what they do with this? i see. it's a volume plumping whip. wow. just a second. this -- no flyaways. in the latest quarter helen's health care and home environment/houseware segments had strong double digit growth thanks to new product launches. for example, helen launched a line of febreeze air purifiers
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to the point where they control 50% of the market. they stabilize it's ailing personal care business. perhaps the most important part of the story though is that helen has a long track record of using it's robust cash flow to make strong acquisitions to bolster the earnings power. that's a hot space for 195 million in cash in a deal that expanded helen's footprint in health care and contributed 100 million to the company's revenues and more recently helen of troy bought vicks u.s. business from an ailing procter & gamble. humidifier and vaporizer exposure. they're trying to capture aisle space in areas where it's one of the most powerful players. helen is more domestically oriented. so it means it hasn't opinion hurt as much by the super strong
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dollar. in short these guys and helen of troy know what they're doing. quitely. and yet even after the truly epic run in helen's share price the stock trades at a discount. for example they sell for 17 times it's forward estimates and they have a history of being way too up. but procter & gamble at 19 times earnings. colgate at 22. how does this make sense? when they have less than stellar earnings reports. it's something we know helen of troy has taken advantage of. but none have been enough for proctor to mount a descent rally. since the beginning of the year they have been hit with downgrades. now they're talking about the razors being too exenspensiveexpensive. in the same market helen of troy would trade at 22 or 23 times earnings and the rest of these
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consumer products lager at 17 times earnings. and i think it will ultimately get there. it's going to trade at a premium which is why i think the stock is fine. sure, the proctors they got that 3% yield but you know what in retrospect i would take that 50% gain over a few any day of the week and it may not be over. here's the bottom line. helen of troy limited may not be a household name although some of the products are certainly in your household. it's an incredibly run company taking share and blowing away the numbers even though the stock rallied more than 50% for the year it doesn't get enough attention from wall street. that may give you the opportunity on a pull back to buy the beautiful helen of troy for much less than it should be worth. much more mad ahead. including some of the most exciting opportunities in one of the hottest corners of the
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market. don't miss my take on the under the radar cyber security names with a ton of potential and facebook hit a new high today but is the right time to pick up the stock? should you friend it? don't miss my take. plus the names of the oil match has gotten low. it might be time to do some buying. i have your shopping list. stick with no fly aways cramer. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968.
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>> on a roller coaster day like this one it's worth remembering there's powerful long-term themes that can transcend the words you hear about every day. greece, the strong dollar and the possible the fed will be too fast too soon and the hottest theme is cyber security. as companies commit more and more of their capital protecting their networks against hackers. we've seen incredible runs in the cyber security stocks like palo alto networks.
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how about fireeye or the hottest of them all? cyber arc. up 81% for the year and giving you a monster 360% gain. 360% gain since it went public last september. the trouble is these top names had so much extraordinary move they become tough to endorse. that's why i want to give three lesser known cyber security plays so you can play this red hot trend with stocks more under the radar screen. i'm talking about fort net which isn't unknown but still gets a lot less attention along with the far more obscure proof point. why don't we start with proof point? that's pfpt. it's similar to cyber arc which specializes in protecting the keys to the kingdom. privilege add counts that have access to everything in a network. originally it had one primary focus.
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protecting it's clients e-mail systems as they're one of the most common entry points for the worst part of cyberattacks. basically the software works to block spam and viruss also with leaks of incrypted data and archiving your e-mail. as it's grown it's expanded it's focus and offers cyber protection products that can protect other areas. cloud coverage instant messaging and social media accounts. many of the largest companies in the world which has the most complex cyber security needs make use of proof points products. they have 3300 customers including 45 members of the fortune 100. three of the top five u.s. retailers and four of the top five global pharmaceutical companies. while it's not yet profitable it's expected to come close to breaking even next year and then to turn a profit in 2017. meanwhile the company has pretty rapid revenue growth. even as the analysts expect that figure to decelerate down to
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29.9% for the full year. maybe that's why it's not as powerful. what can i tell you? how do we value this thing? we know the stock rallied 39% year to date. that's a huge move. but not nearly as big as the other runs. we need to judge it on a price to sales basis. it trades at 8.3 times next year's sales which is not cheap but a lot less expensive than cyber arc which trades at 12.9 times sales or my view if the cyber security stocks continue to work you'll see less well-known names like proof points and the same goes for imperva. another cyber security specialist. it's designed to protect the company's business critical data and applications. whether it's stored in servers or on the premises or in the cloud.
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basically whenever you heard a business touting it's big data prowess you better know a company is working behind the scenes. on top of that they have a compliance angle where they help customers show various regulators that their security standards are up to enough. think of it as a digital version of the kgb. except for the negative connotation. it's not yet profitable. we need to analyze the revenue side of the story again. in 2014 it saw the revenue growth decrease substantially. it plunged from $65 down to $18. lately it's from 19% hast year to 25% for 2015. that caused the stock to bounce back with a venngeance vengeance. suddenly above where it peaked
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in 2013? it's 8.2 times estimates and less expensive than fireeye or cyber arc or palo alto and the fact is that the founder stepped down last august and the new ceo anthony betancourt has a history of leading companies through the process of selling themselves and with the market cap it wouldn't surprise me at all if they planned a takeover bid. finally there's fort net which is a more established name offering cyber security products and services. both harang gets ware and software that allow their customers to defect and eliminate complex threats without completely locking down their computer systems. basically it's an end to end network security solution.
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plus the company makes custom design chips and operating systems allowing for secure networks from the ground up. a little less than a month ago fortnet told us it's acquiring meru networks for 44 million in cash. a total fire sale price given that the stock collapsed over the past few years. this was a cheap way to expand it's wireless security offerings and will allow the company to cross sell it's own products to their 14,000 customers. revenue growth decelerated. lately it's gotten the groove back. looking to grow revenues at an accelerated pace. it's actually been profitable for several years and we were quite taken with the breath and wealth of experience when they came on "mad money" just a few months ago. plus while it might look insanely expensive, fact is its nothing compared to palo alto
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that sells for 116 times earnings or cyber arc that sells for 125 times earnings. i think they're better companies and they certainly have faster growth but in this environment some might argue that at 64 times earnings it's a real bargain for an established cyber security stock. only relatively versus these others. i'm not fooling myself. you shouldn't either. here's the bottom line. spending on cyber security is going crazy. especially as more and more corporate boards assign a director to deal with cyber threats but sometimes it can seem like the best cyber security play versus been picked over with stocks trading at nose bleed levels. that doesn't mean they can't go still higher. that's why i introduced you to these three relatively cheaper less known cyber security plays. proof point, and fort net. do your homework and see if any of these stocks will work for you. dan, in pennsylvania dan. >> hi jim, thank you for taking
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my call. a big booyah to you. >> we're looking that. what's up. >> caller: i'm interested in your feedback as they continue the bidding war for integrated silicons. it's 23 per share. it's 4.2 billion and how will it effect investors in the short-term and are you optimistic about it? >> i think they'll get it. i am very bullish long-term. this acquisition is kind of confused to muddy the water so to speak and that's what is keeping it versus avago and that's the problem i think the smoke will clear and see why it's a buy. please come on the show soon. trying to break the code when it comes to this market cyber security is hot. i suggest going with some of the under the radar names. take a look at proof point,
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imperva and fort net. there's much more mad ahead including my take on facebook that posted a new time high today. then there's some of the biggest opportunities in gold but nobody is talking about it. that changes tonight when i blast some of the cheapest names. your call, rapid fire. the lightning round. stick with cramer. you probably know xerox as the company that's all about printing. but did you know we also support hospitals using electronic health records for more than 30 million patients? or that our software helps over 20 million smartphone users remotely configure e-mail every month? or how about processing nearly $5 billion in electronic toll payments a year? in fact, today's xerox is working in surprising ways to help companies simplify the way work gets done
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sometimes it seems like all anyone cares about is what's going to make them money in the next week the next day, the next two minutes but real investing is not about instant gratification. it's not about finding stocks that can go up two points in the next session. we want high quality long-term holdings that can go up over a series of weeks or months or years as long as the fundamentals hold up. so just for a moment rather than threatening about the immediate impact of greece or the strong dollar or raise rates too aggressively i want to help you identify great longer term stocks with terrific fundamentals that have beautiful charts. tonight we're going off the charts with a help of a terrific technician and my colleague at real money.com to take a look at
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three tremendous stocks that have two things in common. wells fargo, facebook and white wave foods. all three of these companies are in my charitable trust. and according to collins they have some of the best weekly charts out there in the whole universe. aside from that they don't have that much in common except these are the stocks you should be thinking about buying for a long-term portfolio. let's allow the charts to tell the story. enough of me here. let's take a look at this. this is a weekly chart of wells fargo. the banks have been strong performers because interest rates have been climbing. look at the yield. it's been going up pretty consistently and wells is my favorite name in the group because of the blood lines. actual bankers at the justice department hasn't beaten into a bloody pulp. plus wellsfargo has been pulling away as of late.
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it hasn't been all smooth sailing for this stock. pretty severe. 2014. then again in january of this year and however it's so quickly those are bought. both times they are back to recent highs or brand new highs. this action created a solid up trending floor of support for wells fargo that has yet to be breached. even though it's making higher highs they're concerned about the slope of the highs. the stock has formed a rising wedge pattern where it's trading upwards in a fairly tight band. the thing about the rising wedge formation is its a reversal pattern. it could mean that the predominant move in this case higher, could be replaced by a move in the opposite direction. however collins points out this isn't a particularly strong pattern. for the moment he is willing to
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ignore the upward sloping top of wells fargo's trading range because he doesn't see the resistance here. just thought he should point it out. instead you should watch the simple moving envelope which is are the bands around the share price here. they're the moving average plus or minus a certain percentage. in this case it's the 8 week moving average plus or minus 5%. it's a new one. notice how over the last 18 months wells fargo hasn't once closed above or below that 5% distance from its 8 week moving average. that's been a year and a half and given the length of the time the stock has spent above the 8 week moving average collins tests the upper end of the envelope which is currently around $60. the envelope is rising collins thinks the time wells fargo's share price catches up to it it might blow past 60 to 62. that would give you a quick four
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point gain and possibly more if it can brake out beyond the high. given that it made a brand new all time high today and it is now an overbought territory, for those of you that don't want to chase this stock, collins is now suggesting waiting for the stock to pull back below the 8 week moving average around 56 and then heting it come down 3 or 4% at which point you can pounce. i'm sure some fed head if not a greek minister might give you that glorious opportunity to do so. my charitable trust is owning it and we're not trading it. next up, the terrific chart, facebook. 85 has kept the lid on facebook for months. the stock roared above the ceiling to close at $87.88 today. if it maintains this level through the end of the week it's going to be closing a new all
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time high. facebook has been gently consolidating for the better part of six months. a lot of people gave it up on it. they just said it's doing nothing. doing nothing. doing nothing and this recent cup pattern, it's nothing new. this consolidation hasn't lead to huge rallies. but it's stability and applauding move higher. i like that myself. what does collins like here? relative strength index is edging up to new highs for the year and could be potentially leading it higher but there's the pattern with the simple moving envelopes using the 8 week moving average plus or minus 5%. the exact same tool. facebook trades within this range but when the stock escapes you either get a total blast off or a nasty melt down. historically when facebook closes above the 5% the stock will quickly test the 15% envelope. that's the 8 week moving average plus 15% meaning you could get a gigantic move higher.
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this is what happened. we saw this in late 2013 and in may of 2014 and bingo and guess what as of today facebook broke above the 5% envelope once again. if the stock can stay above until the end of this week we'll see another explosive rally. bigger than this one. he he expects facebook to fly up to 93.50 at a minimum of a possible push into triple digit territory. i think you could earn 350 next year conservatively and you give it a multiple on that 2017 number. only fair considering it's growth rate 105 is my price target. my charitable trust and finally look at the weekly chart of white wave. the natural organic food maker.
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plant based foods. pbf. it's a huge winner and making another new high today it looks similar to wells fargo except that it has broken out above it's ceiling of resistance. it's similar to facebook. stays within a 7 period.5% range of its moving average. you tend to get an explosive move higher. white wave has a ways to go before it crosses above the high end of the envelope. it's $15.40 to the high end. but as long as it's above the floor of support. the path of least resistance is for white wave to be higher it would be safe to buy down at 45. he sees it rocketing at 51.40 and then flying to $55 in the not too distant future. wells fargo, facebook and white wave may have nothing in common
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as of businesses but they have terrific charts. as interpreted by tim collins and they do fabulous fundamentals. here listen to me when the fundamentals and technicals agree you should do some buying. the larger macro forces play havoc with even the best of stocks like these three on pretty much a daily basis. "mad money" is back after the break.
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you're not just looking for a house. you're looking for a place for your life to happen. zillow. >> it is time. it's time for the lightning round. and then the lightning round is over. are you ready? p.j. in washington. p.j. >> booyah. >> booyah. >> what do you think about boeing stock with everything occurring now. >> well he is one of my favorite ceos all time he is stepping up to chairman. a new ceo coming in.
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i think he wouldn't pick on hill if he weren't a good guy but i'd love to hear from both of them. let's put it that way. i think he is a star and he is very difficult to replace. but i like the company. ben in texas. >> caller: booyah from galveston. netflix? >> everyone knew they were about to do this and suddenly it happens everyone gets excited. you have to wait until it comes in now. this is the most artificial pumpbump up i've seen. i do like the stock netflix. >> booyah from the ocean state. what are your feelings on deuschte bank? >> they had a change at the top and there's a little turmoil there. how about charlie. >> caller: first of all thanks for all the help over the years. you have been great.
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>> oh thank you. >> caller: regional bank with good earnings and showing good strength. >> it is good. i like the regional banks very much. you have a good situation going. and that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by t.d. ameritrade. apparently, they also love stickers. what's up with these things, victor? we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. who reads all those? he does. for all the confidence you need. td ameritrade. you got this. 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
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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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>> what if the price of crude really has bottomed? i don't know many people that feel that way. there's plenty of analysts that believe that the combination of heavy saudi production and lack of declining shale production in the u.s. oil would have already been hit and hit hard and it hasn't. have you noticed the buyers rush in and pick it right back up? seems to be a perpetual bid in oil underneath that level and it's time to start wondering if there's cheaper oil stocks that deserve to be bought here. what kind of methodology? how do we know what's undervalued? i found a way. have to go back to where the stocks railroad trading when oil was along the bottom on march 16th. that's when they took them quite aways from a current $61 price.
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let's play it out. those are the ones most likely to be acquired since when do you consider the disparity between where the stocks are versus where they were it might make more sense to drill on wall street rather than drilling for actual oil. let's start with big dog, conoco phillips. here's a $77 billion company with a stock trading in the same price it was when oil was nearly $18 lower. they do have a lot of natural gas which is not doing well but you know to represent a big bargain for chevron or exxon both of which can swallow this one like that. then they only trade slightly above the bottom. highest quality growth of oil. frankly that is just out and out ridiculous. they didn't want that much reduction growth. like so many companies they're not cash constrained.
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basically storing it for a time when prices are higher. how about the off rumored apc. it's just $3 above what it was when oil bottomed in march. that should eliminate some of the down side. if someone is going to make a move they should do it now. i know they just got a new ceo. they have gotten absurd. it's a buck and a half below where it was at 42 bucks. the company 14 points where it traded when oil was in the low 40s. even the bears would be intrigued. finally let's not forget about marathon oil, mro, a company with huge assets.
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and this point more valued. i think it could be easily acquired from well below the peak of 41 and far down from the high of 31 last month. it's 33 to $34 a share. now oil may still go lower. taking all of these stocks with it but the beauty of the analysis is you know the independent oils all found buyers at these levels. will it be hard to find buyers with crude hovering at 60? i doubt it and i think the other larger oil companies might be eyeing these companies too. stick with cramer.
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that's huge for my bottom line. what's in your wallet? first and most important i want to congratulate and thank jim for doing an amazing job at boeing. this guy is one of my heros. he should be one of yours. i'm sure his new ceo will be terrific. but stepping up to chairman he will be missed because that guy really has what it takes to lead a great american company. on the netflix, i know you're all going crazy for it but remember we knew it was going to split. this is not reva revelation. there's always a bull market somewhere. i'm jim cramer and i'll see you tomorrow.
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lemonis: tonight on "the profit"... can i taste your pesto? lisa: it's delicious. lemonis: ...healthy meals, ready to eat and delivered right to your door. erik: we help a lot of people. lemonis: it's a service that's helped clients lose serious weight. -diana: she's lost 150 pounds. -lemonis: check it out! this florida company is on to something big. but their marketing campaign is offensive... erik: everybody come on over meet the fuel food girls. it always tastes better when it's free. [ horn honks ] lemonis: ...the owner overbearing. erik: put a piece of basil on here. dress this up a little bit. sprinkle a little cinnamon on top. lemonis: if i can get the debt under control... erik: 'cause everybody's popping off with no money here. lemonis: ...as well as the owner... diana: you took us off the system. lemonis: you locked her out of the computer already? erik: i don't trust anything that goes on. lemonis: ...this company's bottom line could be in great shape. channa: i owe my life to this company. literally.
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