tv Mad Money CNBC April 12, 2016 6:00pm-7:01pm EDT
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>> imibm reports. >> and -- juniper -- thanks for watching, see you back here [ bell ringing ] 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. people want to make friends. i'm just trying to make a little money. my job is not just to entertain but to coach or agent but to teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. i love to be nervous.
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i recognized it last night alcoa kicked off the season with disappointing numbers. i totally get the endless downgrades in all sorts of sectors. there's a problem, the dark problem. the dark problem is the stocks themselves. they refuse to stay down. witness the dow surging 165 points. s&p climbing. nasdaq .80%. yesterday i talked about the leadership taking hold from tech to industrials to homes to consumer packaged goods. i said these leaders will soon be followed by others as the new high list expands not contracts. it ain't happening today, though. that's exactly what happens had the commodities complex goes higher. in anticipation of an opec meeting this weekend it might spell the official downward of the group. as consumers we tend to think what matters to us and therefore to the market is lowering
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gasoline costs. spending money on fuel and if there's enough spare change left over, individuals might do more shopping. small businesses might be energized to expand. however, it turns out that the combination of increasingly fuel efficient cars, a lack of long-term belief that oil will stay down and increase in health insurance premiums have failed to inspire. in fact, the retailers in the airlines who were supposed to benefit the most from this have been the weakest in this market. but the consequences of a precipitous fall in the price of oil are crystal clear and they're negative. broken loans that will hurt bank earnings, we will start getting some tomorrow. companies going bust. capital equipment needed to drill or transport oil and gas around. whole countries and big trading partners like canada and mexico, how about brazil and nigeria? worse. these days trading is done by machines.
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yeah, machines. and they're programmed to profit off of known patterns. and when the machines see weakness in commodities, they sell all related to the production of commodities and they buy all stocks that profit from commodity weakness. when they see strength in commodities, they do the opposite. so when it all goes up, a whole host of companies go up with it. look at caterpillar or honeywell. oil goes higher, there's an expectation that global economic growth must be improving. otherwise, there wouldn't be much demand for crude, right? the linkage is pretty glaring. when i see an economically sensitive is stock, going back up to where honeywell was going to make a takeover bid for not that long ago, i, my friends,
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are blown away. i'm blown away. yet that's exactly what just happened. it happens because they will have rising earnings when commodities are in higher demand. that fits to a t. let's take it a step further. every commodity rally has boiled down to a belief that the far east must be doing better. given there's little dropoff in production of oil. there is an actual demand, demand pickup. yes. i think demand is picking up. i have become more positive with china since it started rallying off lows in the summer. freight index, measure of commerce, commodity imports. i believe oil use is up in the peoples republic. there is a meeting among many major oil producers. not just opec and saudi arabia.
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russia. we first heard talk back in february. since then, rallied 16 bucks, almost in a straight line. that can be somewhat undone, the fact is that demand has improved enough. and supply from this country dehe clyned enough and is continuing to decline that i can't expect oil to crash back to the 20s. the stock market is taking a liking to all energy stocks themselves. especially to those that raised or secured capital so it can live to play another day. you know, many of the most worrisome situations the market could reverberate are being taken care of. they're being healed one by one. today was chesapeake's turn. chk. they are about as strapped as you can get and still be solvent. it got a new $4 billion lending group. what does it mean? it rallies 1.55 or 34% and lives
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to fight another day. marathon oil, newfield, hess, many other smaller companies raised cash to make sure they get through this term. made a fortune on every single one of those stocks. marathon almost doubled. of course not every oil company will make it. but a big disaster can be ruled out like marathon when it was seven. that's good for the entire financial system. how positive does it mean? consider fcs, the debt oil, gas, copper, and gold concern. when commodities were falling apart, freeport was in freefall and it looked like it was duped. now it is soaring through the stratosphere. freeport may be the best chart in the book. no wonder it rallied almost 7% today.
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wow. that's right. we have gone from hideous loans to loan forgiveness and prosperity in two months's time. we may not have gained that much as consumers with change in our pockets. it brings back not just the stock of the company in question. but the banks that lent the money. remember my thesis. it's the stocks that make me less gloomy than the average bear. imf says things are getting weaker around the world. economic growth is slower. if you believe in what imf says, j&j, proctor, kellogg, they refuse to swoon. and they used to swoon when commodities go higher. for today and no one believes it, we're in the best of all possible worlds. stock goods, stocks. that's what makes me so nervous about being too negative. as the first company made me fema downbeat, how do these worlds collide some perhaps the
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negative came from trucks. you need a lot of room to make trucks. truck numbers were way down. but cummins soaring. if things are getting better for commodities, whatever numbers we are seeing now will soon be in the rear-view mirror. better times await. treat your gloom to a starbucks downgrade because the stuck is going up too far too fast. as for me, i'm stuck with the facts. the facts that more stocks seem to want to go higher than lower. as horrendous as things are, people buy these darned stocks just refuse to play bull with a pessimist. maybe, just maybe, the bottom line is it's not the end of the world as we know it. maybe, just maybe, the market wants to rally except of collapsing because the chicken littles don't have the buying power approximate or selling power to take down the stocks that are supposed to go down when things are as miserable as they seem.
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susan in massachusetts. susan. >> caller: hi, jim. thank you for taking my call. >> my pleasure. >> caller: i learned a lot from you about how to select stocks and then figure out a good time to buy-in. i'm interested in teaching next. but i think the stock was overbought and i wait for a hold back to as low as 70 dollars. what is your take on that. >> oh, you're like me. i'm always torn, susan. it's the best acting stock, along with ross stores, dollar tree and dollar general. and i want so much not to pay a high point. i say you buy some tomorrow at this $76 level and wait for it to come down. tjx is doing so well. if the market swings back to retailers, it will go right to 80. buy a little bit now and be patient. i like your attitude. we want tkpgood bases in our
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stocks. adam. >> caller: hi, professor cramer. i'm down to 12% if nfg. they are being bought out by key bank. i'm curious, do i hold and take my $2 and change to key bank, sell now? >> no, you hold on to it. the bank stocks are in their own personal purgatory. key needs rates to be higher. i have tremendous faith in beth mooney. she's a good executive. david in new york. david. >> caller: hey, jim. i have been following the takeover of virgin american airlines. do you think that will affect alaska stock? >> i like the fact that it is getting bigger than just in alaska. that said, alaska air has been one of the better performers.
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it could send alaska down. hold off to buy alaska. let's see what happens. the airlines are also in a personal purgatory just like retailers. the two biggest beneficiaries of lower oil. oh, well. i want to be negative. i really do. i wake up and say i want to be less positive. but the stocks themselves are getting in my way. they refuse to stay down. maybe, just maybe, it's not the end of the world. one of wall street's biggest tech games. can the company formally known as google return to rally? i found something in the charts that could fuel the answer. and the fuel sector. and starbucks got its head slammed today. could it spell more trouble to come for the triple vente. >> don't miss a second of "mad money". follow jim cramer on twitter.
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the big internet stocks have been roaring lately. at this point, you've got to be wondering did it move in the facebook. the artist formerly known as google. are they supporting the next week or two, nervous nellies have recently been dumping them. you have to wonder if that selling could end and blast off yet again in the wake of early triggers. are the major online tech overextended and are they right to nail down their games? when you're dealing with this kind of question i think it's very useful to consult the technicals which is why tonight we're going off the charts without sue smith, strategic portfolio solutions, and my
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colleague at realmoney.com. let's start by check out the daily chart of fb, facebook. it had a nice move higher lately until it started to pull back last week. smith points out facebook tested its 50-day moving average. that's the blue line. yesterday at 109. today it has come bouncing back. the support has held. the stock managed to hold above the early march level where it briefly turned down. you go back here and see it held at that level. in her view, the recent pullback has taken a lot of the froth out of facebook. which means facebook actually delivers better than expected numbers, the stocks should be able to go higher on that news. on top, she sees call options. so smith liens towards a modestly bullish view on facebook based on the price action and the option flow. love that it held there and held
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there. my view, i like facebook. if you can buy it in a week, go into earnings in two weeks, that could be a smart call. since the chart is looking up. >> next up, how about we look at the daily chart of what used to be google. they report thursday of next week. smith points out it has been on a strong uptrend since early march. the stock made a splayed w bottom, followed by a quick rebound, followed by a second low the beginning of march. as i explain in get rich, it is one of the most reliably bullish patterns in the chart game. smith thinks the alphabet has moved into a period of consolidation where the stock has been trading sideways the past few weeks. that's digesting these terrific
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gains. okay. one last point. smith says it could run up anywhere from $43 to $45 to where it reports next week. with shares at 764, that would put alphabet over the incredibly important psychological hurdle of $800. which would likely mean more upside ahead. she's a little conscious. she wants to make sure it breaks out above 775 levels. which means it holds the average for a week. show in stability, creating a solid base from which to launch higher. me? i'm a fundamentalist. i'm not a technician. if you can buy the stock at any weakness, i put part of your position before the quarter and then wait for the numbers in case the stock pulls back and you have a chance to buy more at a lower price next week. worst case, it blows the numbers. you only have a small
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acquisition. while we're talking about companies on the onsideline search business, i'm not that keen on china. how about bidu. google doesn't operate in the peoples republic. their scruples won't let them enable the great firewall of china. that commitment to free speech. let's get close to the daily chart. smith points out that the price action has been strong since the bottom in february. i mean, come on. i was going over this with kate cole burn, our chart may haven and we were both like wow! wow! pretty much refusing to give back any ground at all. lately the stock has been trading sideways which suggests it could be building up speed for the next leg higher. the call option expired and
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pretty good proxy. smith is seeing very strong option flow here. she thinks if baidu can rally past 192, that's up 5 bucks from where it's trading now, that runs up past the crucial $200 level. you know what, smith may very well be right about this. lately we have gotten real good signs that china's side is turning. that's it. tad riski. i understand. play it with costs. there's one more aspect of the web we want to cover tonight. that's the online travel space of expedia. now expedia has been taken to the wood shed of late. it bottomed in mid-february, along with the rest of the market. rallied through march. but in recent weeks the stock has been steadily pulling back. it's really been a drag. if you look at this down here, the tool that technicians use to
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determine whether it was overbought or oversold, ex people ya is completely in oversold territory. it is currently trading below its 52-week moving average. that's critical. smith really doesn't like what she is seeing. in her view, this is not the moment to buy expedia. smith thinks the online travel place is resting here, not broken. which is why she said puts expedia on a watch list. wait fort buy signal. that is where the black line crosses above the red one. and the stock rallies above its 50-day moving average. in smith's opinion, that is the sign that expedia is ready to run. fundamentally i like the stock very much. travel play should be put into play, out on the bull pen, in the field. the charts interpreted by sue smith suggest facebook and alphabet are in good shape.
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baidu and expedia need to move up just a little bit. i trust them all. i'll stick with the recommendations for long-term not short-term capital appreciation. but actually i like all of these. much more "mad money" ahead. after a prolonged down turn, u.s. steel makers seem to show strength. on average, women earn only 76% their counterparts do. equal payday. what does fallen facebook have to do with the downgrade at starbucks? more than you think. so stick with cramer.
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roughly a year and a half the american steel was stuck in a gruesome downturn. with a whole group either in freefall or bouncing along the bottom. these stocks were a short seller's paradise. but in recent months, the steel sector has caught fire in this country. and every stock has been roaring higher. with nucar up 19%. steel dynamics up. more than doubling since the beginning of 2016. that is one of the most amazing and rapid comebacks in my career.
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almost from when they first invented steel. maybe not that long. but you get the point. it begs two questions. how did it happen, which i know you want? and is it the real deal, meaning it will continue, meaning you can still make money. before we get into the reasons for will the rally, you need to understand why it has been so long. from 2014 through the end of last year, all the american steel went through the meat grinder, just like every other metals and mining. ak steel is up 80% from $11 to $2 and change. u.s. steel down nearly 83%. 46 bucks to below $8. those declines made perfect sense, though, given the price of steel, was being eviscerated over the same period. why? marginal buyers of steel got hit with a hideous slowdown after years of gang buster growth.
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russia went into a tailspin. thanks to the breakdown and western sanctions after putin's shenanigans in the ukraine. worst of all, china went to slowdown mode culminating the crash of the shanghai stock market last summer. it created a two-fold problem for our country's steel makers. when the gdp growth, it means less demand for metals, including steel. when demand goes down, price of commodity plummets. the much more nefarious aspect that hurt the u.s. industry, the chinese communist government, and they are chinese communists, have been using it from state-owned banks. they keep churning out steel like there is no tomorrow. since there is not much demand for steel at home, they have been dumping the stuff all over the rest of the world at
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unprofitable prices. they are flooding the globe with cheap steel. steel exports in prc exploded 60% in january. there is simply no way our companies can compete with that. the lack of demand from emerging markets, coupled with all of this chinese dumping, has been absolutely toxic to our steel makers. to anyone operating in the u.s. fourth quarter results reported in january they blamed, and i'm quoting, sustained high level of unfairly traded steel imports" is for the collapse in the price of steel and weak results. this is a class i can recall, economics, and i went in a different century. it is a recipe for much, much lower prices. they plummeted down to less than $375 per ton by the end of last
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year. the earnings in all the u.s. based steel companies were annihilated. u.s. steel $4.47 earnings gain in 2014 to $1.79 loss in 2015. in one year! so what happened to flip this dire situation on its head and send steel stock soar something we got one little change. a month and a half ago the obama administration finally decided to do something to stop the flood of cheap chinese steel in our country. congress passed the new customers and trade enforcement bill which gave the president the authority to take action against china's dumping of state subsidized goods. so march 11th, they slapped duties on cold war steel, including a tariff on chinese steel makers. you can call it protectionist. i call it smart policy.
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that gigantic tariff means domestic steel workers no longer need to worry about chinese competition. the same time they seem to be cutting back on their steel production. if this steel rally were just about import duty, that would be good news. but it wouldn't make for sustainable long-term rally. however, that's not the positive thing happening. what else? the demand picture for steel and other commodities appears to be improving. how to measure? look at the baltic dry index, which measures materials being baltimore by china. after plunging from 1,000 at the end of 2013 down to a little over 300 in february, it rebounded all the way above 550. it's not surprising that the price of hot coil steel has surged from 3.60 to nearly 480 right now. that's a 33% move in a matter of months. with the dollar trading lower versus other major currencies, the american steel industry is
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getting more competitive simply because the unchanged rate has become less unfavorable. remember when i talked about the exchange rate it is really about competition from other countries verse is us ours making our stuff more expensive. that's why i harp on this weak dollar theme as a good thing. that's why steal stocks are allen en fuego. 186% run since is it bottomed near six bucks tepbd of skwrafpblt can it last? is it for real? bulls will argue these are incredibly pwoft. finally coming off line and the dollar finally getting weaker. and the earnings should continue to improve. most of the stocks are still darned cheap. ak steel, 7.7 times 28. steel dynamics, 10. nucar, 14 times 18.
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only u.s. steel is high. i think estimates could be too low. of course the skeptics would say we haven't seen any earnings yet. numbers could still be awful. they will given the import duty didn't happen until march. the first quarter will be the last more risk quarter. the companies will tell a much more optimistic story when they report. the big european steel maker hold the buy. goldman points out chinese steel is filing a claim. europe is getting in our footsteps. the dollar declining, i would rather own an american steel maker. and that means nucor. it negated the number one threat to american steel industry, china. throwing new and improved
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economic landscape. the stocks have more room to run. which one? i always say stick with quality, best of breed. nucor. 3.1. the others could be good. but i think you missed them for now. wait for the next down turn. chris in tennessee. chris. >> reporter: yes, this is chris in tennessee. professor cramer, thanks very much. love to have you come down here and see us in tennessee sometime. oil prices are rising. marathon oil has significant presence here in my area. can the stock price go higher? >> well, i've got tell you, remember they did a deal seven and change, gigantic, wayover subscribed. today it did 13, up $1.45. unless this meeting goes well this weekend, you are not going to be able to make money in mro. i would sell half because you're being greedy. bulls make money. bears make money. there you go. stocks of steel. the industry is coming back.
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i still think there is plenty of room to run. nucor. and taking a coffee break with the starbucks downgrade. what does that mean? i'll reveal. >> and lightning round. i would stick with cramer. >> tomorrow, kick off the trading day with "squawk on the street", live at the nyse. >> you're not allowed to give me a return look. >> my role on the show is to give you a look. >> i thought i could try it. i guess i can't. >> it all starts at 9:00 a.m. eastern. thanks man. imagine if the things you bought every day earned you miles
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i'm so excited about this piece for many different reasons. for those of you who didn't get the memo, it is equal pay today. to raise awareness between the gap of what men make and women make for the same job. you have heard on average women get paid 76 cents on the dollar for every man. if you look at education, experience, women still make 5% less than men. i bring it up because earlier glassdoor, online jobs and recruiting marketplace, makes it easy to look at salaries, featured a roundtable on this gender pay gap. look, my job is to help you manage your money, not to solve deeply entrenched societal
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problems. what glassdoor is doing is intriguing. they published a study showing highly satisfied workers tend to outperform s&p by a huge margin. it has become the fastest growing job site in the united states. over 30 million users here. this private company has a treasure trove of data on jobs, salaries, employment trends. let's take a closer look with the ceo and founder of glassdoor and learn about this stuff, including the roundtable and so many other things. because this was really to me a company i should have had a long time ago. welcome to "mad money". thank you so much. have a seat. okay. i'm going to be very candid. i'm so far removed, i didn't know how important you were initially. i knew about linkedin and the stock. this roundtable is symbolic of what you guys do beyond just helping people get jobs. >> well, i founded the company seven years ago to help people find a job in a company they
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love. when people make a bad decision, it's bad for them. when companies make a bad decision, it's really bad for companies. people make bad decisions all the time because there is not enough information and data. >> you are making the whole thing more transparent. >> exactly. >> this gap is ridiculous, right? >> yeah. so we have heard the 77% number. a lot of executives hear that and intuitively it doesn't resonate with them. they think i don't pay anybody 77 cents on the dollar. you have to go with age, experience, job title and a 5% gap it looks like unintentional or intentional bias. we know 6 out of 10 people don't want to work for a company that doesn't pay equally. a company's employer brand, attracting millennials is directly linked to things like
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whether they are paying fairly. >> when i listen to what you guys do, i think if i could figure out who is doing the best on glassdoor, i can get to a lot of the vestments and get to the good ones. >> people use it differently than job seekers. they look at what's going on with management teams. or is the company going through a particular problem. the thesis is that some kind of information is percolating up from employees in their own words that isn't broadly available yet. now, we test said this theory. we publish each year best places to work list. that is the companies rated highest by their employees. companies can't be nominated for this. you don't apply for it. it is merely your employees come to the service and they vote. and they review your company. we see who percolates to the top. it turns out that if you -- no matter how you put together the
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portfolios, you can build various portfolios from these best places to work, they come from the s&p. >> when i was going over it, i said i have to check glassdoor. i want to eliminate some of the companies that may have a cultural problem. >> and it makes sense. human capital is typically have to two-thirds of a company's costs. >> right. >> and it matters a lot whether those people are highly engaged. >> boy, now, you're background kind of -- it is like a yelp or hotwire, trip adviser. your background is from online travel. yeah. >> you created transparency there. >> i was part of a group of people. i was in the early days of expedia. i was at a front row seat for trip adviser. expedia took the travel green screen and gave it to everyone. there was this massive a
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symmetry in travel. we are trying to give people and companies more information about the job transaction. frankly, this is the way job seekers expect to look for a job now. >> it is a co-inspirational world. both sides. >> absolutely. this is the norm. this is the way job seekers expect to search. now we are seeing companies engage. they are responding to our views, certainly monitor reviews, become a part of the conversation. much less recruit from this pool of candidates. >> it turns out most people i get are in your site. how could i not have known this? you are not promotional about yourself. i'm promotional about you. you have a great company going. robert hohman, ceo of glassdoor. it will be part of my list going forward before i recommend a
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it is time. it is time for the lightning round. you say the name of the stock. cheryl in wisconsin. cheryl. >> caller: hi. the question is buy, sell hold on si. >> i like this. both new and used cars. that's how you have to look at it. car sales. that's why sirius satellite is a buy. matt in new jersey. >> caller: boo-yah. subscriber long time listener. love what you did with the product this year. >> thank you. a lot of changes. >> caller: yeah. i love them. is this a great entry part for a long-term position in walgreen's? >> challenging customer time but absolutely yes. i think walgreen's is a buy at
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81. if the deal goes through, it goes up. bill in florida. bill. >> caller: how are you doing? >> doing well. how about you? >> caller: doing excellent. thank you so much for your help and dedication. let's talk ino, inovio. >> mixed success. we welcome them on the show. find out a little more. matt in pennsylvania. matt. >> caller: hey, jim, looking to add more to my folio. pharmaceuticals, solarcity. gw phrma. >> i like gw phrma. it is a great way to be able to have a painkiller that's not addictive. bernie in florida. >> caller: boo-yah, coach cramer. how about go pro? >> gee, 11 bucks.
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still a lot of bad money in go pro. i have enough trouble with the recommendation. i can't two to go pro. it's too hard. nick in florida. >> caller: yes. this is nick. >> go ahead, nick. >> caller: hi, jim. i have a question on esrx. what do you think is the future? >> you had a sell call yesterday. they are fighting with anthem over a deal. that's a health insurer. i have to tell you, this stock doesn't seem to want to come down. i am nervous about it because i'm worried about the fight with anthem. i don't want toll buy or sell at $75. if $65, yes. drew in pennsylvania. >> caller: we love you in philly. love the show. >> thank you. >> caller: tell me about depo. >> we have starboard. we have a deal coming. we have to get more current on
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depomed before i opine. ed in new jersey. >> caller: stocks were up 4%. incr research holdings. >> you're in a very, very good one. and i don't think you should take profits. i like that business. and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: lightning round is sponsored by td ameritrade. re y? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. td ameritrade.
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what do you do with starbucks when it gets hit with a downgrade? >> sell, sell, sell. >> saying that the stocks run up so much it is allegedly too expensive to own? what are you doing when facebook might have a disappointing corner. >> baby crying. >> what are you doing when a price target caught for apple? the next quarter could be light. you see these all the time. they have analysts. and they got clubbed. it is starbucks's turn. the company did really well this time last year. stretch valuation. i never like a downgrade of any stock. this morning it had run from 48
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bucks to $61 the last year. too kind to many equities. starbucks just changed the parameters of its loyalty program, the one that rewards visits to rewarding how much you spend. the backlash might be unpleasant says deutsche. however, just like facebook and apple, i think starbucks represents a terrific long-term opportunity, that's a term of art they used to use in the olden days. long-term opportunity. as it expands. offering many more foods and drinks at premium prices. deutsche bank seems to know this. it went from 70 to 64. now, of course that was enough to have an impact on sbucks trading today. it was enough to give you pause. you sell starbucks at 59? get it back to 54 where you were down 10 points from the price target. get out now, wait for a subpar quarter and sneak back in? when i was a at my hedge fund, i
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loved these calls. i could go long, reestablish position in the name. voila. money. but i run a charitable trust and tv show. the pull back caused by this gown grade gives regular investors a chance to star buying starbucks gradually as it goes later. you can follow along. even if you believe every word of this downgrade, is you know the analyst isn't saying get out now. it is more of a downgrade, buying down the road at a lower level. you have to first take profits, wrap up taxable capital gain, and hope the stock comes back without you getting into a problem. if not, you took it for nothing and you may miss the multiyear run. this is similar to my view on facebook and apple i know it facebook is expensive near term. that's no shocker. however, if it can earn six
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bucks a share that is possible in 118. then it is not that expensive versus other stocks. it's average. aepl, the analysts have encouraged you to trade in and out, in and out so many times i bet your head is spinning. when i look at the concentration of negative comment ear about apple, i find it coincides with what looks like the stock's bottom. that was in the low 90s. what happens if you trade facebook in order to sidestep. what if you rang the register at 93. it was so bad. now it's 110. did you get back in, or did it elude you? that is my concern with starbucks. not the next five down but the next 40 up. when you put it you know how declines can be in the wake of price target can cuts for the best of the best. in short, starbucks is one of the stocks that like apple i think you should own it. don't trade it. stick with cramer. . by looking at global and local insights
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remember, it's national equal payday. women not making as much as men. just change the salaries. we know from the glassdoor people that is a sign of a stock that could be outperforming the s&p. i like that call. we will do a lot more with that company. i'm jim cramer. i will see you tomorrow. tilman: tonight on "billion dollar buyer"...
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that's a great strawberry jam. that would sell. i'm looking to place the big orders in the big apple, but only if these suppliers can prove they've got what it takes. a pair of foodies from brooklyn find themselves in a jam. - it's make or break time. - absolutely. you don't want to have another year not growing your business. a long island leather craftsman just might be too dedicated to his art. it's like these things came out of me. it's like i birthed them. okay, you're gonna have to say goodbye to your babies. one order from me could take them further than they ever imagined. i like it. it's an incredible collection. missing out could mean the end of the road. y'all are losing me. truly losing me. my name is tilman fertitta, and i turned a single texas seafood house into a $3 billion empire.
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