tv Mad Money CNBC August 28, 2015 6:00pm-7:01pm EDT
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bottoming out. >> mike kuo. >> roll your hedges. volatility is back. >> all right. looks like our time has expired. i'm melissa lee. thanks so much for watching. see you back here next friday at 5:30 p.m. eastern time. meantime, don't go anywhere. "mad money" with jim cramer starts right now. have a great weekend. my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. >> hey i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends i'm just trying to make you some money. my job is not just to teach but to entertain and coach. so call me at 1-800-743-cnbc or tweet me @jimcramer. the dow dipped 12 points, s&p
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rose.06% and nasdaq advanc advanced .32% and i'm glad to put the brutal volatility behind us for the weekend. to totally chaotic nature of the market left me thinking once again who can blame people for losing faith in stocks? yet here i am telling you yet again that if you protect yourself with limit orders, if you use weakness to put some capital away, not run from the market out of fear, you can use your money to make money in stocks and that's not something that you can say about cash. you think the market is just one big pumped up balloon. it's still the only game in town. that's been the case ever since the case was serious about the financial crisis. now we're faced with the fed's period of accommodation and we're starting to get the hang of that and after this brutal week unless china runs off the
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rails before the next fed meeting or a gigantic firm implodes creating a brutal credit event that freezes brokerages around the globe i'm tempted to say let's just get it over with. so you can focus on the fundamentals like we know how to do on "mad money." it's only going to get worse before it gets better. that's why monday purchasing matters so much. they're looking for every available robust sign post so it can say this economy is strong enough to handle the repercussions that will be felt worldwide if it does, indeed, pull the trigger on a rate hike. i'm looking for a barnburner number 54 in this one. the endless collapse of boil coupled with the mindless strong
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dollar will be viewed as a positive. i say seemed like the endless collapse because crude has shot up 20% in two days for no particular reason other than the rumors that they need more money to finance the war with yemen. they have been trying to wipe out our producers for months now and failed to do so. maybe they're finally ready to take it off our fracking jugular. super fracking. we have two earnings reports, dollar before the bell and after the close why do they matter so much? for dollar tree they're too two reasons. that's put downward pressure on dollar tree even though they're not similar now because of the second reason, dollar tree is closed on the acquisition of family dollar. it wouldn't surprise me to see that the merger is going similaringly. if the market moves down on
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monday hold on. this is a super company with a super charge stock one that rallied more than five points today. it's one of those companies with a stock perfect in the bull market. could be disasterous for a bear market and you have to wonder whether you need to stay sidelined. i like the company but the stock isn't going to work in a difficult environment. kind of like what happened today and reported a fabulous quarter last night. rally affidavit the bell, fantastic conference call and then only closed down nearly a buck 50. do you know what's the most consistent apparel company in the world right now? it's g3 which makes all sort of outer wear and private data branlds and delivered end establish surprises. we become war ri of stocks and
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they say that's it. i feel that that might be the case with g-iii. it's down from its highs. if it falls more ahead of next wednesday's quarter like say on tuesday, i would snap some up. we also get oil inventories on wednesday and if they soar, we have much more than we can handle which i think we do then this monster oil rally might be cymerical. a little concerned about oil being so high so fast. after the close wednesday we hear from five below which is down more than 5% year to date. 6%. even as the last quarter was stellar. the market has been cruel to a lot of retailers lately. this one has opportunity written all over it because the last quarter is another solid place to be. thursday could be the calm before the friday storm. you might want to buy campbells soup ahead of the quarter if a
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market wide break down gives you an opportunity as this stock was headed to 51 before the sell off knocked it back to 47 and change. it does limit the downside and the consolidation of the industry is too thick to ignore. i like it i he have not been that much before. one of my favorite reports thursday morning. it's one of those able to convert after it bought another medical device maker earlier this year. i bet it reports an excellent quarter. slow and steady is winning a lot of races in this choppy market. i have been disappointed in verifone. it could be doing much better. stocks down 14% for the year now. it has simply not performed like i expected yet i still believe in that product cycle and i'm not backing away because it's only a matter of when not if the
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earnings really turn here. it's a buy. how bad is china? isn't that what we're trying to figure out? do you know who might know? the people that run joy global. i don't want you to buy the stock. it's down almost 50% for the year. it's levered to a dying industry. they have boots on the ground and might give us real insight. finally on friday we get the single most important piece of domestic data before the fed's open market committee meeting september 15th and 16th. the labor department's nonfarm payroll report. if the job creation is strong meaning north of 200,000 jobs then we're going to hear an outcry that the fed's hand is forced and we could have a rough go of it that afternoon not unlike what we saw a week ago today when the st. louis fed
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president ignored the world gone mad and said he was senguin at the state of the economy. get some rate hikes going. thanks for nothing. however there's one difference between the situation and what happened last friday. we can see that the market can go down horrible and bounce back. i would say that on tuesday we came within four points of my down side, 4% points of my target i created looking at previous contagious events and we could see a retest of this week's angst friday. but the bottom line is if it causes a gigantic sell off you can put real money to work using limit orders and if you missed your chance this week wait around. you might have to take it when you see it. let's start with the questions from terry in michigan. terry. >> caller: professor cramer, a
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michigan wolverine booyah. >> what's up. >> caller: i watched your show from the beginning and many thanks for trying to make sense of it for the little guy. i have a position and they just reported the quarter beat expectations. the yield kept me profitable but the share price is sliding and the canadian economy which has a lot of resource export dependence seems to have head winds. am i getting this right? >> i'm not a huge fan of it right here because of exactly what you outlined which is natural resources in canada and the weak canadian dollar so i'm going to say not my cup of tea. 4.5% to 5% yield though i would get interested. let's go to jennifer in nevada. jennifer. >> hey, mr. cramer. >> hi. >> caller: i want to say that i love your energy. i've made some money with you but what i love most of all is when you give us the skinny on wall street. >> there you go. i worked doing it for years and years and years.
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thank you very much. how can i help? >> caller: well i'm interested in cyber arark and i have three questions. they had a lockup of shares that ended on august 24th and i don't understand what the impact of that was and two are they still the take off candidate? i'm hoping that because i don't want to get swallowed up by a big company and three i'm off 22% but i'm holding on and i'm wondering if i should buy and write it up. >> the insider selling didn't matter much at all. you remember we had him on and i thought he made a very compelling story. this is a fantastic speculation and itsz down a lot i love that segment but palo alto is going down but i think it's a great long-term spec. >> mr. cramer, booyah, how are you? >> i'll doing well. how about you?
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>> caller: doing great, sir. i spoke to you about three years ago about sprint and the way i'm looking at it i see softbank owns much of the company. what are your thoughts about the company. >> dan hessey who is a great man was the ceo and we went to the ctia and we went to the trade convention and the stock was at $2 and dan hessey said we're going to make it. it's going to be all good and then a new team came in and dan left the company and i haven't been about it since then. thank you for all the good works that you do including the awards you got this week for trying to figure out and help people with autism. anyway, what a week. but congrats you made it through. you learned from it. i want you to put some money to work if you missed the bottom earlier this week. on mad tonight don't let the relative averages fool you. i have the big takeaways from this monumental week and then it
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seemed like many of the faithful have moved on. do you remember facebook, amazon, netflix and google? you should still be a believer after this crazy week? i don't know. get this, this deal sector has been anything but stellar lately but could the chart be pointing to a turn around. do you know what you got to do? you got to stick with cramer. >> the dow's 10,000 plus point swing in a matter of days setting off a wild week all over the world. you've got what's on cramer's radar beginning at the next open but don't miss his final take on what all this week's action means for your money. coming up on last minute mad. don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer. #madtweets. send an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc.
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you're probably thinking i didn't miss nothing. in fact, this may have been the most monumental week in years. a week that showed unprecedented volatility. perhaps more important, eye popping frailty of the entire equity asset class. this week we travelled about 10,000 dow points up and down in total. a roller coaster that isn't healthy even if it ended where it began. each day packed a punch and each day yielded lessons that must be learned by you if you want to take advantage of the opportunity and of course protect yourself from this new more volatile and vicious market. monday shocked me. it shocked me in many ways and i'm a veteran. i certainly expected weakness at the open given that china reported a hideous industrial number over the weekend suggesting that the chinese bear won't be going into hibernation any time soon. we were still reeling from the end of last week where the dow fell more than 5% in two days. with friday's monster decline
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inspired by st. louis federal reserve president james bullard's oddly timed interview where the rate hikes were required regardless of the turmoil. they're blinded to what's happening in china and overseas in general and many were shocked by the gigantic losses before. we did expect selling at monday's opening but we didn't just get selling, we got a legitimate flash crash. the dow opened down 1,089 points. it's ridiculous. give you some quotes here. cvs opened down 25 points. celgene declining by 25%. ge losing a fifth of its value and apple town 92. down 13 from 105. a very big deal from the biggest company just to name a few that popped on our screens.
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it was so clearly a break down of all of the machines that it should have been called off and all trades broken, cancelled. but if you used a market sell order you got those. horrendous because they all snap back to within a couple of a percent. these aren't vacuum cleaners and can't take them back. the sell order with the women could have kept you from getting those nasty reports. a buy order with a limit put a couple of points above the price which is is what i always suggest and did, you crushed it with terrific buys. not only that but if you were paying attention to cnbc you might have heard a story like most of the conventional wisdom, apple's business has been strong since the quarter ended and accelerated the last two weeks. the news took the stock from deep red to black. an amazing increase anyway. every investor had the possibility of getting it if you
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paid attention to the news and used the limit order to get into the stock. it had an incredible wave of sell order upon sell order. get a back up brokerage account because you have to accept that the mechanisms that control stocks can't handle heightened activity without cracking. accept it. don't wait for the government to help you. we ended down 588 points monday despite that beat down the dow roared at the opening on tuesday. up 350 points and then it continued to go higher adding another 80 points by mid morning. that yields another lesson. no one ever made a dime by panicking. if you sat tight and then you wanted to get out well you got a fabulous chance to sell on tuesday morning, the next day. unfortunately for the bulls the rally didn't last. we got closer to margin call time when brokers demand more capital from those that borrowed money from them. they got to put up more capital however worked in what's known as the margin clerks office if
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you don't wire money in by 1:00 p.m. the brokers liquidate your positions. there are many hurting speculators that can hurt you with their sell orders. if the market doesn't stay in the black when the last of the margin calls are executed you can expect aggressive selling to return and that's exactly what happened tuesday. it accelerated around 3:00 p.m. when sell orders were coming in from large mutual funds at the bell. the rumors were true. the market just collapsed ending down 1.29% at a decline of more than 600 points from peak to trough. it was a discouraging session that session was. just terrible. left the averages in bear market territory. went home that night. i didn't go home. i think i stayed home. anyway, you had to figure that wednesday could be even worse with the chinese market hughesing about a percent overnight. you would have been wrong
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though. it got crazier. the dow rallied 350 points at the open. that was reminiscent of the action the day before but there was a big difference. at a little after 10:00, bill dudley expressed what's known as a pragmatic view on whether or not the fed might raise rates in september, data dependent. that view, so different from bullard brought out those that flooded the market with orders and drove it through the session. finish up a staggering 319 points. first we need to be ready for a fed tightening if markets around the world get calmer because the economy in the u.s. is strong. second is regardless of what the fed does there's plenty of money on the side hines waiting for bargains and after 10% decline for the year there's many bargains to be found. we got a stunning change in the mind set once they started yielding twice what they gave you. at the same time tech was joined by the financials in leading the
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market. that's always bullish. next lesson, stocks do get cheaper as they go down and you can use volatility. wednesday brought out buyers worldwide. even china rallied going into thursday's session. we jumped almost 300 points from the get-go and stayed higher bolstered by a 10% run in oil of all things. the biggest one day gain in crude in six years and the sorriest most damaged part of the stock and bond markets energy. it seems counter intuitive but we must always be on the look out for a credit event. some firm or firm gogs bust because they have been betting the wrong way. we never know until it's too late. like the demise of long-term capital. a hedge fund that produced a 20% decline in the averages. if another event like that is lurking it would be in commodities. it added those fears hence another lesson. bad bets from gigantic firms can produce such huge losses that
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they can bring the whole house down: when the stress is relieved we can rally and stanley fisher told steve leisman what was said on wednesday. decide whether to raise rates in december. they were not much lower and they rebounded. dudley's comments were made in decline and turmoil. maybe it doesn't matter. the bottom line, at least for now, is that the turmoil does seem to be behind us and if you remember this week's lessons, you might be in a better position if the market does go crazy once again. much more "mad money" ahead. does fang still have it's bite in this market? then it's a rough ride as of late but could the steel sector
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>> i hate fang that i've overstayed my welcome. i'm glad they have come back and you know what, why not? you know that anointing facebook, amazon, netflix and google as the new leaders in this market is jinxing them. why not just declare victory or even more critically why not tell you to -- >> sell, sell, sell -- >> all of them. if you tell people to keep liking them and they go up you won't get credit but if even a single member of fang gets crushed a person could be a national hero for blowing the whistle ahead of one of those things. the risk reward is a sy mmetric. how many bears skoelded you from making that money. propped up by the qe this and that. how many advocated panic as a strategy because the world was
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coming to an end. it's no strategy. holding tight worked and we're back to even so who cares about the bears anyway? that's a fabulous risk-reward when you think about it. if you champion facebook, amazon, netflix and google one of them goes off the rails so you'll be a multiyear youtube train wreck. what am i supposed to do? let's go through it. i think facebook for example someone of the fastest growing most consistent companies ever born. it could earn $3 per share next year. given that it's growing at a 30% clip how am i supposed to tell you to trade a stock growing at its growth rate? i now think it can go to 100 which is why you own it at my charitable trust. amazon, okay. harder. no valuation parameters for this one. the company suppresses it's earnings power by spending lots of money to increase it's dominance. until they told you about the potential profitability of the
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amazon web services business you had a right to be skeptical. not anymore. let's face it, if they wanted to increase the price of amazon prime wouldn't you pay it? i bet you would. i have been making the same case for netflix for almost three years now. the market capitalization is too small for the opportunity. every two or three years i find a company with that kind of characterization and it's not just an alibi. some lazy man's way that allows me to tell you to hold on to the stock. it could double or triple the price of the service. people will love it worldwide. it's a company with very locon tent cost. double where it went out judging by it's subscriber growth trajectory and how much more money you could charge if you want to. finally is google. we had really come to disrespect google as the play thing of managers that acted like it was a private company. they could easily get away with all the change now that ruth is the cfo. the earnings leverage will shine
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through thanks to the break off of the venture capital arm of the business and you'll see you're buying one of the fastest growing companies on earth at a cheaper valuation of a clorox or kellogg. google trades at 20 times earning. bottom line, sure someone could say fang defines the top. another could pick apart these individual stocks and just say these rapid growth stocks we don't need them but i still like them and i'm going to keep defending them because i believe they remain go to at any big market weakness. steven in massachusetts. >> booyah from boston. 22-year-old and in the military. love your show. >> thank you for your everybody in your outfit. thank you, what's up. >> caller: thank you, linked in. i was in the job search market and all the recruiters were all over linkedin. over are the days of the resume. it's all about the linkedin profile. they can get started on track like facebook did with the
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streamline connecting and better leveraged advertising. the question is how do you think they look after the recent acquisition and when is a good time to buy more shares? >> i thought the acquisition confused me. i was not sure about how to account for it and that's one of the things mystifying a lot of people and why the stock can't go up. thank you for serving in facebook. as much as we have seen people think we've overstayed our welcome. in fang the activitironym we co. i'm revealing if there's value in steel. could finding affordable health care be as easy as cheap a airfare. a company that found their answer. a thank god it's friday edition of the lightning round. stick with cramer.
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>> the recent sell off only made things worse. even after the gigantic rebound on wednesday and thursday and that stake in freeport that carl icahn took but at least one part is starting to look like it overshot to the downside in a major way. i'm talking about the most hated group in the market now that the oil stocks have taken off. i'm talking about are you ready the steel makers. that's why on the we're going off the chart with the help of the charter market technician that is a professor as well as being my colleague at real money.com to take a loeser look at the steel sector in the stocks that are making it up because he believes that many stocks in this group could be in the process of bottoming if they haven't already bottomed and i have to admit when i looked at where they have gone, oh, my. part of the reason he thinks the
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sector is worth watching is because the steel maker versus come down to low levels we haven't seen since the great recession some of the steel stocks are going well below the 2009 levels. beyond that we have been seeing tons and tons of lay offs and they tend to be a lagging indicator. meaning by the time the companies start firing people by the thousands the stocks have already been punished pretty badly. that means we're probably closer to the bottom than the top. of course the steel industry still has real problems. for a u.s. based steel maker the u.s. dollar is -- ♪ -- there are earnings because of the currency translation issue has really hurt them, the profits and weaker currencies overseas turned back into fewer dollars and because they make foreign steel makers more competitive and then the worst part, china is still dumping steel like mad and that along with the serious deceleration of
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china's economy, the world's second largest continues to put real pressure on the price of the actual metal. they're now exporting as much as 27% of the huge amount of steel they turned out. great, thanks. but at the same time and the same level stocks and the steel makers priced in all the negatives and then some which is why cambridge told me to look at this group which i haven't looked at. first look at the daily chart. it's the market vector steel etf that contains the larger steel makers along with the small ones. it just retested it's 2009 lows of 22 earlier this week. with the etf touching down at 2292 on tuesday, remember that bad reversal? but that low held. that's the point. and it started bouncing back. now the steel etf is still on a down trend but there's been some positive action. on balance volume at the bottom here, this is a momentum
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indicator that shows where the money is falling into or out of a security. technicians like to use it to preticket changes -- predict ch price. if it could rally above 26 and hold there it would be a good sign. that's very close. it's currently trading at 26.28. he likes this little up tick too. i don't know. we'll see. next up check out the daily chart of the big data u.s. steel corp. wow, once proud company here. they're still proud. it's just not doing that well. this is letter x for you homegamers. it became a teenager during the crash brought on during the financial crisis. stock bottomed at $16.66 in march of 2009. the fact that it plummeted to $14 earlier this week and is trading at that 16 and change level, the $16 level was tested and held in both 2012 and 2013 and despite the pull back it's
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holding there right now. however, while the on balance is improving they believe we're likely to see side balance action before more of a rebound developed and the stock moves it can hold above 16. i'm a believer that the stock has come down enough to make trade in it. what about new corp. perhaps the best economics of any u.s. based steel company. okay. take a look at this chart, will you? this is actually pretty good-looking. gapped up very nicely yesterday morning. from 41 to 43 as it should in a big up market plus the stock has an incredibly powerful floor support at the $40 area and wouldn't be surprised at the lowest this week. put in a bottom here and can start going higher. the united states doesn't have monopoly on steel and foreign steel makers don't have to
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contend with the headwind of the strong dollar. for them it's a tail wind. check this one out. this is pkx. the big south korean steel make thaer trades on the new york stock exchange. the stock is currently $7 below where it bottomed in 2009 but of course that was our crisis and right now the source of the global economy woes is china. still cambridge knows the stock is testing the down trend from early may highs and it's only a matter of time before it breaks out above the down trend line. it's just a giant and the best steel makers in the world, it could be ready. now here's a tough one. the huge japanese steel maker trades in tokyo. the best thing about the past week is that it plunged down to 227. he thinks someone was throwing in the towel. that's what happens when volume spikes and given that the volume has remained strong it's
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possible most of the weak hands in this one might have at last been wiped out. a ka pitcapitulation bottom. just fyi, i strongly advise investing in stocks to trade on foreign markets. especially now because the small fluctuate in the end versus the dollar could totally wipe out any gains you have in the stock. finally, oh, boy, that big european based steel company with operations all over the world saw it's stock fall to its lowest levels in over a decade earlier this week. the descent has been pretty slow but plunged from $12 in may down to $8 right now. wow, wouldn't that be something? talk about a stock that needs to be up here. here's the bottom line. many of the steel makers are trading at levels not seen since the generational level of 2009. the charts interpreted suggested the higher quality steel plays
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could be intriguing here and have to take him seriously but that said in 2009 it was our economy that was broken and now it's china's that has a problem and it might be much more important to steel market than the u.s. these are high risk stocks that some would say are derisked by the decline. be careful but anything can bounce and these steel makers might be included in the anything category. "mad money" is back after the break.
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wouldn't it be great if hiring plumbers, carpenters and even piano tuners... were just as simple? thanks to angie's list, now it is. start shopping online... ...from a list of top rated providers. visit angieslist.com today. it is time! it is time for the lightning round. are you ready? time for the lightning round. richard in new york, richard? >> caller: yes. >> richard you're up. >> caller: i'd like to know if arry is a buy or a sell at this time? >> all right. they didn't have -- the last thing -- the last program that they had was not up to snuff that's why the stock came down
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but they have others. i will sanction it only as a pure speck and not just a speck. let's go to brath in new york. >> caller: thank you for having me on the show. >> of course. >> caller: my question is about a stock that's been nice it's groupon. love to get your thoughts on it. >> no, it's too early to buy groupon. still a lot of things not working there. let's go to james in illinois. james. >> caller: yes, mr. cramer. >> you're up. >> caller: no less than $61 no higher than 66.50. should i take it or leave it, sir? >> i would take it. let's move on. nice win. >> caller: hello. >> hi. >> caller: hey, booyah. i want to say buy, sell, or hold
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bbby. >> i think there's better retailers out there. tjx is better. they just supported a good quarter. jonathan. >> caller: booyah jim. how are you? >> nice, how are you? >> caller: doing good. i have a large amount of shares in sun edison. hold, buy, or sell. >> we should have pulled it and we didn't and i have to tell you i don't think it's a great stock here. i would sell it. let's go to chad in texas. >> hey, gy jim, happy friday to. >> this thing is 15% off it's low. >> you should own it. charitable trust owns it. we think it's terrific. let's go to tom in hawaii, tom. >> caller: hey, jim, i'm wondering what your take is on williams partners? wpz? >> it's terrific.
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i know that it's here and i do think it's great and i do think that that yield is for real. let's go to cory in washington. >> caller: how you doing jim? >> how about you corey? >> caller: wonderful. >> we like that company. we took a hard hook at it. it's a good situation. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by t.d. ameritrade.
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the affordable care act has forced tens of millions of americans to choose their own health insurance. but only 25% of people with insurance visit their health care plan's website in a given year and most don't have a clue about the average cost of medical procedures. figuring out which insurance to get or doctor to go to can be
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difficult. that's where this company called vitals comes in. it aims to be the price line of the health care industry providing consumers with easy to access insurance about the cost and quality of health care buyers. vitals has created a huge map of the u.s. health care system for the consumer and on top of that health care providers help them build actual consumer brands and attract patients. consumer brand of doctors. this is an intriguing story and earlier i got a chance to chat with the chairman and founder of vitals. >> for the longest time i thought consumers didn't care about the cost of health care. now they seem to care and they want to know more. what is vitals doing about this? >> well, two things. first of all we're creating transparency. we're allowing people to see the cost. you have high deductible plans and people starting to pay more out of pocket for health care.
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now with high deductible plans people are caring and we try to give them a reason to care. provide incentives to make the right economic choice. >> how do you make your money? >> we work for the payers and our job is to help deliver the best quality care at the most effective price so the consumer is our first customer. the patient. we want to make sure that the consumer has the best quality care at the best price that they can get into. that requires information and big data. think about how you used to buy a car. kelly's blue book allows you to have information you can become a smarter consumer. our job is to make everybody shop as if they're an expert. >> you have been compared to priceline but i see delta versus american. i think it's all pretty much the same. but how do i know whether i just had a good mri. >> we have quality ratings on most of our providers. patient ratings, outcomes, volumes, et cetera, and we share that with the price so that
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people with make a price quality comparison that's pretty easy. beyond the worst 20% the quality is quite good so our job is to chair that quality information along with the cost so somebody can make a informed choice. >> there's a bit of a yelp quality to vitals too. >> we have probably more patient ratings than anybody else. north of 6 million at this point. those are good for primary care like pediatrician or obgyn but when it comes to surgery you more measures not so much patient ratings like yelp so outcome measures and procedure volumes, et cetera for folks. >> i'm from philadelphia. let's say we've got great hospitals in philadelphia. great hospitals in new york. would vitals ever steer you toward the cheap alternative which i can tell you is philadelphia? >> so the answer isn't always a
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hospital or a doctors office. there has been a growth of a lot of facilities and image centers and surgery senors that provide the same quality care to a lower cost. >> i got a walgreens doctor that turns out has a great degree and a person that would be your primary care and she's down in the building from me. does she get rated? >> every doctor gets rated and most facilities get rated as well. so we typically, the place where you can save money by and large is getting your mri at an imaging center versus near a hospital to get your infusion drug at an infusion center versus a hospital. let me give you one example. there's a drug called remicade for rheumatoid arthritis you get that infused at a hospital. it's a $10,000 infusion cost. at an infusion center it's $1,500. that's a huge delta in the
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system. but who knows where the local infusion center is? we help share you that. we'll get you an uber cab. help pay you for your time and you can make the decision where you want to go. >> you could bring actual economics to the health care business. it's a great model. >> thank you. we believe we're creating it into a market economy with better quality lower cost works well. >> it's a good thing. that's the founder and executive chairman of vitals, private company still but you have to be fascinated by what they're doing and it could save you a lot of money. stay with cramer. it took serena williams years to master the two handed backhand. but only one shot to master the chase mobile app. technology designed for you. so you can easily master the way you bank.
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there are a lot of valuable lessons this week. it was a bad week i had to admit in terms of the frailty of the system. we had a lot of sites go down but the takeaway was stay put. i always say, panic is not a strategy and no one ever made a dime panicking. that's what this week ultimately proved. keep thinking about that. we'll have more down 500 and down 600 days. it's in the card now and that's what is going to happen. say i own quality companies and i'm willing to ride through it. there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money." i'm jim cramer and i'll see you monday.
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>> narrator: in this episode of "american greed"... kwame kilpatrick... the youngest mayor in the history of detroit. >> i was elected mayor at age 31 years old because i dared mighty things for the citizens of my city. >> there were many people who believed that he was the next generation of leadership. >> narrator: a leader who many hope will bring the swagger back to the motor city. >> he was the hip-hop mayor. he was hanging out with the athletes. >> narrator: but his outrageous temptations lead to unimaginable corruption. >> from the day he walked in, this was about, "how can i make kwame kilpatrick, my family, and my friends richer?" >> the mayor had $840,000 in
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