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tv   Mad Money  CNBC  December 17, 2015 6:00pm-7:01pm EST

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red hat. check out the quota there we are hat 15-year highs. >> i thought he would forget what he was talking about. >> see you back 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! my name is cramer. caution, caution should not be thrown to the wind when the fed starts tightening.
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sure the market can go higher but you have to be more skeptical of upward moves. that's why post the first rate hike in years i'm more wary on the market, even when the dow plunged 253 points, nasdaq lost 1.35%. why am i so certain we need to be more skeptical going forward? because historyi's on my side. marty. that's why. he was among the great titans of our history. he knew more about the stock market than anyone i've ever known. i devoured anything he ever said. he was an inspiration to me and millions of others. and he counselled me and others to try to make money in the
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stock market. central to his thesis of investing was, and i quote, don't fight the fed. when the fed was raising rates, you have to be cognizant that the wind was going from your back to your face. a tail wind has become a head wind. federal reserve policies were dominant factors in determining the overall direction of the market. it was bearish for stocks. when it cut rates, bullish. you can say he was right then. what the heck, game over, turn the lights out. nothing more could be done to make money. not true. he also said to be flexibility and nondogmatic. so now, you know what? i'm a little more skeptical. marty made too much money with that philosophy and he made too much money for me with that philosophy and i can't go
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against it. as he wrote in "winning on wall street" way back in 1986, "what you are concerned with is the probability of success or alternatively the probability of losing money. you want to avoid a loss so it is fine to buy above the bottom and to sell above the top. he knew higher interest rates meant more competition from stocks for fixed instruments along with companies that want to borrow money to grow their company and buy back stocks. that's are meaningful head winds. many equities are no longer cheap versus their growth rates pip wish i could send you all a copy of zweig's book. if you don't have time to read it, go to the owe pitch rit of old front marty gold wrote. then you'd know you're going to
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miss some games. maybe even some big ones on occasion by being more cautious than you were. but that's just what the odds say. let's use a game analogy. consider is like black jack where the odds say you never hit on 17 because you're more likely to bust. if you have a 13 or 14, you might have it hit many circumstances. that's the flexibility i'm talking about and zweig never wanted you to. from the time of quantitative easing began back in november of 2008 until is ended in october 2014, the s&p rallied 130%. that's pretty darn impressive. ever since the fed included its qe3 policies, the s&p has only advanced 2.9%. it makes it harder to make money. i can only imagine he might be
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saying, look, you're fighting the fed whenever it tightens but yesterday's rate hike is off of a low base, especially when janet yellen said they wouldn't raise rates on auto pilot. i can see him saying don't give up the hunt, just be a little more critical. and they're instructive on why you shouldn't take your bat and ball and go home, even when today was really ugly! i would contend many of the stocks i'm about to talk about were accessible to you and gains obtainable if you did homework on companies that provide services and products you at home love. up is amazon. amazon's killing it. we all know it. last year we found out that amazon could if it wanted show a huge profit either by raising the cost of amazon prime or
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slowing down its world wide buildout. but the company wants to dominate. next up, netflix. i again would easily pay double what i pay now to subscribe to netflix because in addition to their library, they have a bunch of exclusive shows that we call must watch tv. we love "the house of cards," "orange is the new black." do you remember when reid hastings was on the show? wasn't that cool? act vision, up 102%, electronic arts, nvidia up all since q3nded. the next one, total system services, that one that's probably inaccessible to most of you people.
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you probably wouldn't have nailed that 70% gain. same with avago, advanced 67% since qe-3 ended. i featured avago as a key chip supplier. expedia's next. it didn't take me long to realize the key to getting bookings was to allow your hotel's computer system to talk to expedia. it's the most powerful reservation system on earth. cablevision and vulcan finished 57 and 67% respectively. and cablevision had a takeover bid pup might have owned it. vulcan's a rock company. benefits in increases in housing starts. some of these are obscure.
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but anybody who argues they couldn't figure a spot on amazon or netflix, you're fooling yourself. marty taught me not to fight the fed but to be flexible at the saturday time. i think that means keeping an eye out for good companies and waiting till their stocks dip to bargain basement prices before you full the trigger, don't be as aggressive as you might have been or don't let gains turn into losses because of overexcessive greed. anthony in new jersey. how doing? >> very good! whitewave, i can't find it on the stock. am i better off with haines, which has half the pe? >> people feel the new orleans organic move has peaked or they feel the private label is going to squeeze them. i believe in the theory answered
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think sometimes you have to accept the fact that stocks do go down and this group is under pressure. my trust continues to own whitewave. we're looking to buy more if it breaks to the low 30s. there it will be actually cheaper than a lot of the big packaged good food companies. general mills did report a disappointing quarter today. >> let's go to mark in arizona. mark! >> hey, change, thanks for taking my call. a big booyah from the high country of arizona. >> i'll see you soon. what's up? >> i've been looking at maybe getting into a stock with the higher dividend payout. the one i've been looking at is northern tier energy. >> that is a real red flag lately. we've been burned on the real high yielders. i'm going to say don't buy, don't buy, don't buy. the oil patch is just doing
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terribly. stephen have virginia. stephen! >> hello, jim, booyah! >> what's happening? >> your show. i love your show. i have watched it for many, many years. thank you for taking my call. my call tonight is for lockheed martin. i was wondering what you thought would be a good entry point. >> okay, tribal trust owns, its stock is being shelled. a lot of people say it's topping out. i say have you looked at the hot war saudi arabia is fighting in yes, ma' yemen? lockheed martin, scale down, maybe 25 at 200, you know, just do it slowly on the way down if it gets there. brian in new york, brian! >> hey, jim. thanks for taking my call. >> all right. >> jim, i need your help.
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i'm in the house of pain. it's not because my giants are playing the panthers this weekend. i have an individual account and roth ira. i diversify by owning bakers in the roth. i can't take the loss, there's no tax advantage. besides drinking the pain away because i'm down so much, what do i do with my baker hughes shares? >> i don't like the baker hughes situation. it has more down side. oil is not going to soar the way they would like it. if you can own it after a couple of years but i don't like the near term meaning the six to 12 months. if you like oil, there's a couple of high growth companies i do like. but the oil service group, let's just say not very special right now to be diplomatic about it. in the word of the great marty zweig, what you are concerned with is the probability of success. yesterday the fed adjusted the
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odds. that doesn't mean up should give up. if history is any guide, you can still find winners if you know where to look and i'm here to help do you that. >> the weather outside is delightful. is that how the song goes? could warmer weather weigh on con ed? and i'm sitting down with the ceo. plus, it's the most witonderful time of the year for many. i'm calling it do or die. can the ceo make your holiday murray -- murray.
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>> >> announcer: 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. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet?
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if you're concerned about the state of the economy because business does appear to be
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slowing in recent months across basically any sector you care to name, you might consider buying a high quality utility stock and especially since the fed will raise the interest rates slowly. a world where the fed is taking its time is a world where these dividend stocks can thrive, which leads me to con eddison. while right now it seems like we've been talk win laabout ins warm weather, con ed is a high quality company, bound for 4% yield at these levels.
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i think it's darn attractive. the chairman and ceo of con edison. >> a lot of people think that when we sell more energy we make more money. in fact, we do not for our gas and electric systems. we have something called revenue decoupling, which means we are revenue neutral when it comes to weather variations. it allows us to push energy efficiency, to help our company use less of our product without negatively affecting our earnings. enjoy the warm weather and enjoy your lower heating bills. >> they're going to say how do they make money and more money than the previous year in f that's all it's about? >> the structure in new york is
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we make money on prudently invested capital investments. so we're allowed to make a rate of return on equity that is based specifically on the amount we invest. we're overseen by the public service commission. >> but you're in a growth area. there's not many areas in the country that are growth areas so more people in new york and more conversions from oil to natural gas, good for you. >> a story of two commodities there. electric is basically flat both in terms of peak electric usage and overall customer volumes. that's not a surprise. that's different by our energy efficiency programs which we've had for years. we've been encouraging and paying customers to take advantage of energy efficiency opportunities. as a result, even though there's a lot of buildout in new york city, we have relatively flat electric usage. good for our customers, good for the environment. gas will be an increase over the next three to five years.
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natural gas is attractive, lower cost than oil heating alternati alternative, good for the environment and good for the equipment. >> the younger generation is more interested than my generation in alternative sources of power. we just weren't that interested. now we are. we're johnny come latelies. "newsweek" said you're the greenest utility and the world's highest riebeliability company. how can it be cost effective and still be reliable? >> reducing emissions is by making our system more efficient. we also through our unregulated businesses have a large solar and wind business. that's throughout the country, not in the new york area, it's in california, texas, nevada. we have wind in south dakota,
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nebraska and ohio. and we've been able to grow that business to the benefit of the shareholders while providing renewable energy to those locations. >> how is the economy doing in terms of metered energy business? you're in an area that's got to stay strong because a lot of parts of the country are getting weaker. >> one of the things that makes ours so attractive is the vitality of the economy. it's been related to financial services. not anymore. the new york economy is so diverse. it includes tourism, high tech, google, twitter, facebook. education, expansion of universities in the area, as well as hospitals. so health care, put them all together and we have a really strong base that we're working off of. >> you always have to spend, you're always talking about that you have to replace parts that are down 40, 60 years old as routine will you cyber terror i.
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how do you keep that spend at a right level knowing that cyber terrorists could be anywhere? >> cyber and physical security are the top of our risk reduction list. we collaborate both with people in the industry and with government officials. we have great relationships with the department of home land security, the fbi, the secret service, as well as state officials to make sure we understand the nature of the threat and we're using the latest techniques to ensure we're protected. >> we got a lot of companies with sales force, honeywell, the metering keeps getting better and better, right? the technology behind it. >> this is one of the most exciting things we have coming up for the future. we call it ami, advanced metering infrastructure. we'll be replacing people's electric meters with no meters that communicate directly to us so we'll know real time what the usage is at virtually every customer on our system. a couple of obvious benefits. we won't have to come and read your meter anymore and when the
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meter is in the basement or in the house, doesn't have that inconvenience. when somebody moves into an apartment, wants to do what they call a turn on, they call, they establish the account and while they're on the phone, we'll be able to turn their electricity on. when there's outages, we'll know about it right away. we won't be counting on customers calling us. many times we'll be able to fix it before the customer knows about it. we'll able to do it more efficiently and we'll able to diagnosis remotely. >> and i got to add one more thing on to that. with ami we'll able to plan and control our system much more precisely and that will allow us to control voltage that will reduce usage by 1%, all that reduced usage goes right back to the customer in terms of savings and it's better for the environment. >> that's what people want to hear. i know this. this is the story people want. they don't want coal. they want what you want.
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>> that's one of the most reliability dividend payers with a nice story. >> coming up, fed fallout? uncertainty is still in the air after the fed's rate hike announcement yesterday. cramer spotted four stocks this market is very certain about. which are they? the identity of these wall street winners is revealed next.
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this may have been a lousy day but the average is getting dragged down by yet another decline in the price of oil. that doesn't mean you should just forget about all the tremendous moves we witnessed just the other day. why? in the midst of that terrific rally yesterday caused by the fed statement that it's going to tighten in a thoughtful manner rather than a mindless one, four very important big capitalization stocks roared higher for reasons of their own. that action tells you not just what companies are doing well but more important what this market loves, which is very important to know on a day like today when it seems like the sellers have come back in droves, nailed down, taking profits. it won't always be nasty out there and they'll probably come back to these stocks. consider yesterday we got some excellent comments from general electric, honey well, cvs and strong quarterly report from
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fedex and these companies all sold their stocks high into the stratosphere. ge, honeywell and fedex all pointed out global growth is intermittent at best and downright disconcerting. only cvs didn't have to focus on weakness and it's a huge positive in this environment. it did drop 2.85 after a goldman sacks downgrade. and you're not getting gigantic up sides versus expectations. ge, honeywell and cvs affirmed what people were anticipating for 2016. they saw no need to cut, to guide down, unlike so many other companies that have.
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fedex, the only one of the four that reported, they were somewhat down beat in their comments. the company underpromised on pricing and then overdelivered with excellent cost controls and a very strong on-the-ground business, 9% increase in volume, 10% increase in pricing. thank you free delivery and amazon. fedex was simply affirming their overall earnings guidance despite a challenged economy. i regard g.e.'s move to a multi-year high afters an more of a coronation than a revelation. you're seeing the real ge sans finance. they're returning a huge amount to shareholders.
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you don't get that kind of growth without hard core manufacturing innovation. i think investors are generally thrilled to hear in spite of the u.s. stepdown in the u.s. economy overs last quarter, ge is affirming what it said it could do the last time it reported. in other words, the economy slows. they said listen, don't worry, we're still doing it. honeywell's 5-point run yesterday a little quizzical. the fact that honeywell reiterated its organic growth was greeted with a spectacular response, as bits biggest one-d gain in three years. honey well simply raised the mid point of its guidance and didn't tell you to take the overall earnings up for 2016. amazing cost control, incredibly additive acquisitions, gave us
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that honeywell is in charge of its own destiny. we want some autonomy, autonomy from the global slowdown and the sense they can triumph over a slow dollar and gloom. the bottom line, they were simply applauded for doing what they've been doing, putting out good numbers, which makes them part of an elite group of companies that's delivering no matter what. i just wish even more companies could say the same but i don't know of many that can as we head into this new and by all accounts difficult fed-fighting year of 2016. ed in new york. ed? >> caller: happy holidays to you and yours from long island. >> same back at you. what's up? >> caller: my question concerns home depot. so far the stock has really had a very nice pop here. i'm just wondering, though, at this point should i hold on to
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it, should i take some chips off the table or perhaps even should i edge my position by buying on dips? >> that's a great question. it encompasses a lot of thoughts. first of all, home depot has had a huge performance, up 25%. normally i would say take a little off the table, lock in a profit. that's what i would do for my travel trust. just do a little bit. this a great long-term situation. i do expect every stock can give up some gains after they're up 25% as people lock in gains in order to not be able to lose them at year end. but home depot is a great long-term hold. no reason to do anything than just what we call snits el, a little at the top. >> michael! >> caller: thanks for taking my call. a question about duke energy with utility dividends, pretty high and interest rates tend to hurt that sector. i want to know what you think about duke. >> duke not my favorite.
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i like others with different sources of energy, con-ed, for instance, i like dominion. we've had mr. farrell on a lot. they've got really good growth area and low cost electricity. i prefer both of those to duke. >> to pennsylvania. >> caller: costco. they missed earnings. >> i'm going to be very clear. i think costco got a very unfair reaction to its earnings when they reported and my tribal trust went in and bought costco. want to be bigger, bigger, bigger in costco. after one miss, that's what people do? i hope they go bigger so we can double down. >> and we'll show what you wall
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street really loves right now. an important guide as we enter a period where the fed is no longer our friend. you have to accept that. there's much more "mad money" ahead. the holiday may be happy for you but for brick and mortars, it's a tough time. and of course a rapid fire edition of the lightning round! stick with cramer! tomorrow, kick off the trading day with "squawk on the street," live from post 9 at the nyse. >> it's called karma, david. my late mother-in-law always said what goes around comes around.
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. we know that this is an incredibly difficult moment for retail, particularly the apparel space because nobody wants to by winter weather clothing when it's the week before christmas and the temperatures remain in the high 50s. don't get me wrong, i love that
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it's warm out there but this makes it incredibly difficult for stores to manage their inventory. take ascena. lately investors have been fleeing from the stock to the point where they're down 22% year to date, not to mention plunging 45% from its highs in late june. when they reported a couple weeks ago, earnings were mixed and it caused the stock to get hammered even though management maintained its four-year earnings guidance. with the stock down nearly 4% today, have i to remember if it is already reflecting more than enough negativity. the company just announced a monster $200 million buyback earlier this week. that's like 10% of the company. let's check in with david jaffe, the president and ceo of the
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asas ascena retail group. oh, i'm looking at this, these are the things i'd like to have when i'm cold. >> for ascena, we sell a lot of sweaters. this is supposed to be cold. it's been 50, 60 degrees. so no question that this category, cold weather gear, has been impacted. you're going to see a lot of great deals. with. >> when you talk about the idea that you said every year is more promotional than i've ever seen than this one in particular, you're talking about a lot of the great bargains. >> i don't think anybody anticipated the weather would be this warm when they ordered sweaters six months ago. >> and it's around the country. >> everywhere. >> whether you're strip malls or inside, you're getting it.
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>> yup. >> we can focus on ascena, but your company's stock is not as bad as macy's, roughly the same as kohl's, j.c penny is down from its high. there's something going on here. is it besides weather? can you give us some of the bullets of what's happening in retail. >> one of the things we've seen in the last year or two is that people when they felt comfortable, they started spending more money on things like electronics, on experiences, vacations, restaurants, as well as what i'll call nesting, home improvement, redoing their kitchen, whatever. there hasn't been the swing back to apparel to the degree we thought we would get. >> home depot is still doing very well. tjx's division that is home goods does quite well but it's a
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limited group. but here you have with a buyback. you must think the group's gone mad. i'm not sure about the group. i can't speak for other retailers. but we feel really confident in our business. we're not going to say this is it, we're done, we're hanging up our spurs. just the opposite. this may be a tough season for the industry, but as we look out, we have a lot going on. we've talked about the acquisition. >> that's 35% of your business and that's fashion, which i think could still do very well. >> in addition, we announced 235 million in synergies and those are things we control and that's value that will drop right to the bottom line. >> fill me in on anne. you said in the conference call it's a very strong performer. i couldn't tell what the numbers were. but this could swing your company. >> at a third, it could have a major impact on our business.
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we're really pleased with its performance. it's a business that's gone through transition. when we acquired the business, there were challenges as some of the executives moved out but the good news is that the team that's come up from underneath that is terrific and that the happy surprise for us is seeing the depth of talent that ann has throughout its organization. >> when can we expect so-called normalized numbers when i look at ann taylor and the comps make sense? right now i don't think it's apples to apples. >> i think spring's numbers should be really good. we'll be past the warm holiday and spring with easter should have good results. >> another is justice. >> we had a wonderful black friday, that whole period including cyber monday was very, very strong. and what we've done there is kind of reinvent the business. it used to be big, big discounts every day. >> you're doing every day low pricing now. >> now half the business is what
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we call style buys, every day low pricing, and the other half have occasional promos, categories, not the whole thing. >> but that's a gifting place. >> this time of year, absolutely. >> maybe we just have to be philosophic about it and say stocks and groups can get oversold. >> as you called it, the herd mentality. everybody says exorganizati, oh bad. but we're long-term players. >> the ann taylor acquisition, i thought you stole it but we're not ready yet to see what the numbers are. i got to tell you, guys, it is so warm out, i'm sweating. stick with cramer. >> mr. cramer, absolutely love the show. we really appreciate you out there. >> booyah. i'm in elementary school learning so much from you. >> i know you hear this all the
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time, jim, but thank you, thank you, thank you so much. >> this has been my best year by far and away in the market. >> i want to thank you for looking out for the regular guys out there. >> great to hear your voice and know you're out there for us. >> announcer: from our family to yours, happy holidays, cramerica.
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>> announcer: lightning round is sponsored by td ameritrade. [ bell ringing ] >> it is time. it is time for the lightning round. you say the name of the stock. i don't know the calls or the name of the stock ahead of time. i tell you whether to buy or sell. when you hear this sound -- [ buzzer ] -- then the lightning round is over. are you ready, skee-daddy? nick in hai -- ohio. nick! >> caller: mr. cramer, i would like to know about groupon. >> still to early to buy groupon. richard in new york. >> caller: booyah, you have a great staff. >> my staff makes me look good every day. >> caller: inside my ira, i'm up 84% on suntrust. do i slip it into bankers --
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>> robert! >> caller: booyah, jim. buy, sell -- >> dow chemical is now three points below where it announced a takeover bid. this is insaid. -- insane. buy that one. todd? >> caller: booyah from minnesota. >> i like that. >> caller: how about performance sports group? >> i'm a rock about the sports groups. i don't know if i can handle it because polaris blew up today. and atvs and snowball, it's not analogous. i'm going to stay away from performance right now. tyler in north dakota. >> caller: booyah, jim. >> booyah.
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>> caller: what's your outlook on cisco systems? >> my travel stock owns it. we had a lot of turmoil because oracle was not that good but red hat was beautiful! ken in new jersey. >> caller: yes, booyah, jim. liked to know your feeling about peg, public service -- >> paying too much money, that's my feeling on them. they're fine, they're fine. i like con ed more. but a lot of people have paid that bill and made money on the stock. i'm not dead set against it. don in florida. don. >> caller: good grief, i'm about ready to talk to jim cramer. hey, jim. a big booyah from the sunny south florida. thanks for taking my call. hey, jim, with the cost of oil going down, what are your thoughts about the high yield of refineries like cvrr? >> that one has held up much
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better than i thought. when i see a yield that big, i get nervous. i'm not a huge fan of refiners because at a certain point i think that margin is going to go away but let's say it's tempting. tom in new jersey. >> caller: how are you today? >> i'm doing well. >> caller: i'm calling about chesapeake energy. >> you don't want to touch that. even at $3. it's still to early to buy chesapeake. and that, ladies and gentlemen, is the conclusion of the lightning round! >> announcer: the lightning round is sponsored by td ameritrade. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement.
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happy holidays, cramerica! earlier we talked about stocks that wall street was falling in love with. we love to see stocks doing well. it's part of what cramerica is about. we don't like to see all the eggs in one basket. we play "am i diversified." you call me and tell me your top five holdings. i'll tell you if you're diversified or if you need to shake things up. let's start out with a tweet. am i diversified with facebook,
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angler -- man, that's such a bad gold company. allergan, it's going to take a year before that starts flying. sketchers is footwear, facebook is tech, apple is tech. we're willing to accept that because apple is not part -- it's a low multiple stock, own it, not trade it. it's not doing well right now. i understand that. gold company, a footwear company, and certainly too low, i don't want people selling it. . >> let's go to yu in georgia. >> caller: booyah, a retired math teacher from atlanta, georgia. am i diversified? i have apple, ford, bank america, google and ge on your advice. >> all right. general electric, the large
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industrial with 2% to 4% organic growth. bank of america, largest deposit base in the country, which means it is going to be the principle beneficiary of fed rate increases. ford struggling because it has a lot of oversea, not doing that well. alphabet is google and then, ooh, apple again. low multiple tech, high multiple tech. boy, i'm going to -- a lot of fang names here. we're sticking with it. auto, industrial, bank, tech, tech. hmm. okay, we're going to stick with it right now. it's starting to look like a pattern. let's go to nasir in pennsylvania. >> caller: booyah, jim. first time calling. started investing a year and a half ago. my top five holdings are apple, nike, visa, disney and whitewave foods. am i diversified?
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>> okay. entertainment, footwear -- nike reports next week. disney is star wars obviously. visa along with mastercard incredibly -- whitewave, my charitable trust owns it. it's come down from 50 to 38. represents great value. could probably go to the mid 30s and then apple. okay. kind of a constellation here, constellation brands, stz. apple is tech and a lot of people like apple. maybe some people would say too many people but i think it's holding. not doing well today, hasn't done well in a while but i think it's a great bet. stay with cramer.
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and then apple. it's a great bet.
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late, great marty zweig said
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do not fight the fed and he also said do not fight the tape. we have to talk about oil. i did not mention enough today when oil started going down, the market turned down, this is before everybody else was up in the morning and i got to tell you, it remains the single most important trait, characteristic of this tough market now that the fed is out of the picture for a while and it's not good. i don't think that oil goes to the 20s. but the stocks, the pipeline companies and freeport and chesapeake which was mentioned earlier, i don't trust these companies because their balance sheets are stressed. remember, the bad debt tends to reside in many of these mutual funds and closed end funds and if you're in one of those funds, it is not too late to get your money out. i know that that's a harsh judgment but it's not too late. there's all a bull market somewhere and i promise to find it for you right here at "mad money."
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i'm jim cramer. i'm see you tomorrow! [engines roaring] >> raise the roof! [yelling] hi, i'm jay leno. >> all: hi, jay! >> hi, everybody, how you doing? and this is a show about cars... it's fun to drive cars that are really different. and motorcycles... and, well, anything that rolls... it's like driving a two-story building. [tires squealing] >> ah! >> explodes... i love the smell of napalm in the morning. >> yeah! >> or makes noise. this is "jay leno's garage." [tires squealing] >> get out of the car, sir. >> [bleep] >> tonight... hey, we don't need no trial. we got our own law in this town. let's go get 'em, yeah! >> [all cheering] >> come on, yeah! >> they put me on a 70-year-old motorcycle i've never ridden before on the hills of san francisco

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