Skip to main content

tv   Mad Money  CNBC  April 27, 2016 6:00pm-7:01pm EDT

6:00 pm
important? >> what? >> gold market. look at pete over there. >> i like it when you make that call. >> thanks so much for watching. tune in tomorrow at 5:00 for more fast. . my mission is simple. to make you money. i'm here to level the playing field for all the investors. there's always a bull market somewhere and i'm here to help you find it. "mad money" starts now. i'm cramer. welcome to "mad money." other people try to make friends. i want to make money. call me or tweet me. you're crazy. that's what i would have said a year ago if you told me the market could hang in there with the biggest company on earth,
6:01 pm
apple, giving you a very down beat forecast as the tech giant did in last night's earnings release and conference call. given how important apple stock is to the psyche of most investors, i would have expected us to be down huge today. sell, sell, sell. be yet they managed to rally. the dow gaining 51 points. ♪ the nasdaq did decline. yet this recent year of good feelings, the one that started the second week of february when we bought was so different from every other market i can recall. i think it is worth stopping. in order to figure out what the heck is happening out here. or to put in it terms most of us can understand, what ever happen to the pin action of disappointment? let me throw in a little dollup
6:02 pm
of history. ever since stocks began trading through commoditization of equities, talking about the early 1980s, the entire stock market tends to get crushed by a few letdowns and forecast cuts. a stock like apple with a half trill market game could push down the worth of the entire s&p 500. after disappointment like we had last night. typically we on ascribe some of the gravitational pull to the sheer nature. the points made repeatedly on that conference call. macro check weakness, a strong dollar, a slowdown in chinese sales. and say that there is no way thing are as robust as we thought they were the day before. so everything would be pulverized. when you stack it with some of the highest profiles, netflix,
6:03 pm
microsoft and twitter, ordinarily investors would be running for the hills all over the place. remember we used to use the mumbo jumbo term, a risk off moment? the worst nomenclature. circular reasoning, sub par. you would have heard it uttered this time. instead the dow which is heavily weighed down with apple actually climbs. namely the sectors of the market in undeniable, unshakeable bull market mode. remember my roving bull market thesis? and who knows. tonight facebook reported what may be the most picture perfect quarter for all of tech in 2015 with we are revenues. the so-called holy grail of what we're looking for in stocks. almost all the companies, bread
6:04 pm
and butter apple, these are it. these are the guys. the suppliers to apple. you smash them and this is what falls out. they all went hire today. it is almost like what happens at apple stays at apple. where is the genuine strength? let's start with this. this group which had been in relentless retreat since the summer of 2014 came back with a vengeance that mimics, except oil has much broader pin action. a head pin that can give, let's say, a spare on a mere love tap. that's because oil has ram if i xagss are much broader than the stocks. it goes down we think that banks are threatened, did i have drenlds in danger. when oil goes up like it did
6:05 pm
today, $1.29. holy cow, we can only conclude that china must be booming. maybe with new car sales leading the way. americans must be traveling more than we thought. if we're spending more money. reserves taken by banks that may be worse. it makes us feel like we're over the hump. and we're emboldened to think maybe we've seen the lash of the slashings for the oil companies. now i don't think oil should be ascribed these magical powers. i recognize a bull market when it is in my face. you know my target. initially they just embraced chevron and exxon. i get it. both these companies report on friday. in the face of a ratings down
6:06 pm
grade. only microsoft and jj left. then slumber which had taken extraordinary action of laying off 40,000 workers. as soon as it realized, it did it well before others. next, we begin to see a remarkable run. they soared. as investors were able to stop worrying about the balance sheets. now i can't stop hearing about these. what the heck is happening there? now the big international oil that's are having their hay day. even lowly bp has started to gain strength. despite the seemingly endless payments from the disastrous spill, the claim stocks shows at least a wind down. what else is leading us higher? as large as the tech cohort may
6:07 pm
be, i look to the financials to take the real pulse of the market. it is so difficult to rally. they're the lubricant that keeps the wheels of oil turning. now the labor market is strong. something we wlernd the fed prepped us for higher rates in the future. that's just plain bullish for the likes of wells fargo. the bank, ever since we sold oil at 40 a couple weeks ago. no sign of quitting at all. why not? bank stocks are real cheap. and the fed is giving everyone a positive spin. you can interpret the comments that the world is a better place, while the statement the economy is too weak to tighten. do you want a real sign of good health? the capital markets could be getting stronger, a good q2. might be in store. next up, look at these rails,
6:08 pm
will you? i sing the praises of the rail roads nearly every night. when you get them chugging this many days, you have to believe something good is happening. how about these industrials? they are certifiably an insane bull market mode. not long ago united technologies was down in the 90s. honey well would have taken over the bid as high as $105. the ceo told me and my colleagues, the deal ain't going to happen! and said with time he could get the stock there himself. with time, today? it didn't take long. stock exceeded the bid price after an amazingly good quarter. don't cry for honey well show. good and how much do the
6:09 pm
bears -- one caterpillar to go down? not as much as the bulls want it to go up. let me give you the bottom line. i don't want to go overboard. the bulls turned bears, the one who's got bears at the beginning of the year. as january goes, who does that? did they go to college to get stupid? and those who keep waiting for the fed to tighten. they just keep getting overwhelmed by these mini bull markets. the ones who are leaving the uberwinners in the dust. and just can't stand getting higher. even when you least expect it. how about we start the questions with eric in new york? >> caller: hay, jim, it's eric in long island. close enough to new york. with the chinese economy looking a bit better and commodity prices seemingly having bottomed, and with the disciplined cutbacks of many copper producers, which in turn have brought down the glut of
6:10 pm
worldwide stocks in the world as evidenced by the backwardation, i wanted to know what your feelings are on scco. southern copper. a combination of china and commodity prices. >> even though copper has been well stalled, i will say you have genuine horse sense. it is a fine idea. certainly better than free port and it is an unstoppable higher mode. i want to go to where my daughter lives. taylor in louisiana. taylor! >> caller: ete. energy transfer equity has been up over the last month. jim, do you think it is too late to buy this stock? >> it has been a coiled spring. a big fight with williams. the day that i say, hey, you have to go buy this is the day they lose some court suit. i think you will have to say, you know what? that one got by me.
6:11 pm
who would have thought the market could hang in like this? these are mini bull markets and they're everywhere. coming up on "mad money" tonight, buffalo wild wings hasn't lost its spice. after dropping 11%, let's sit down with the ceo and see if the company can fly again. after last night's twitter and apple earnings, the words seem to be ringing a little too true for some. not all. among top names, we'll see what happens. and chip olty reported its first ever loss. i suggest that you stick with cramer. >> don't miss a second of "mad money." follow jim cramer. tweet him. send jim an e-mail to mad money at cnbc.com. or give us a call at
6:12 pm
1-800-743-cnbc. miss something in head to madmoney.cnbc.com. the call just came in. she's about to arrive. and with her, a flood of potential patients. a deluge of digital records. x-rays, mris. all on account...of penelope. but with the help of at&t, and a network that scales up and down on-demand, this hospital can be ready. giving them the agility to be flexible & reliable. because no one knows & like at&t.
6:13 pm
6:14 pm
6:15 pm
what happened? the buffalo wild wings. i think it surprised me the most of all. last night buffalo wild wings reported off the 1.77 basis. worst of all, down 2.4% in the franchise. 1.70%. a big plummet. plus they cut the earnings. i knew this company was being hurt. these weak sales numbers are a whole different kind of problem and one that has to be wondering if watching sports and eating wings and beer is going out of style? this stock fell off a cliff today. down nearly $15. i have to figure out what went wrong here. let's take a closer look sally smith. >> nice to be here.
6:16 pm
thank you. >> i'm only used to greatness. and part of the reason i think that, with tim cook. i love the products and therefore i love the company. i have to figure out what happened a dramatic decline and yet i see nothing that caused it. >> nothing in particular. i think it is a lot of little things. i think that the ncaa tournament probably was not as robust. >> because nova blew them away? >> some losses. >> yes. congratulations. some losses by the big ten early on. big schools that really help direct traffic. i think there were some later games on sunday night so you didn't have people going out to watch quite as much. so i think just the overall, only two overtimes versus seven in the prior year i think made a difference. i think you don't have a robust consumer out there. and i talked about that on our call. >> it kind of surprised me. >> you're not the only one.
6:17 pm
>> a lot of casual dining. we've seen it in appleby's. a bunch of the people in your price point have said people are not going out as much. i don't get it. it is fun! >> it is fun. i think there are so many seats out there. i think we've seen a robust build the last year. the number of restaurant seats. you have cheap money, low interest rates. private equity fueling some of the smaller company. and i think the bill, as well as people coming into restaurants. and we've seen a much greater promotional environment. i think it is important for us and we have some great promot n promotional days. we have to tell our message. >> you talk about stronger takeout. we serve beer. i've banned takeout. i need people to have this and drink beer. >> we want both.
6:18 pm
if you don't have a great takeout opportunity, they'll go somewhere else that night. they're not coming in. we want to make sure that our takeout is strong and we remind people of it. >> domino's does have great numbers. is there some movement? >> i think pizza has already had delivery. you're seeing some of the third party companies coming in for delivery. >> we have, even uber is talking about it. in some markets you can call and probably have food picked up by uber. so i think you're seeing that. that's the macro environment. we like to focus what we can control. we think we've got a great lineup coming up for the second quarter with soccer. soccer lives here.
6:19 pm
that's the tag line. there are 80 games this summer between june and july with the euro cup. >> it is. a little later for the euro cup. copa america, the games are being played here for the first time. we're excited about it. >> now, i should have said up front. you come in whether it is good or bad. if you were not here, they would be saying summer soldier. that's not you. give me three things that you think will make it so the second half is as good as she said. ? i think you will see a very tailored message from us. we can talk about our value days. shame on us for not doing that. >> we have great value days. reminding that guest to come in. this soccer promotion and our all in, the team are ready.
6:20 pm
our teams are ready to address soccer and then just consistent execution. we have a strong program. and our tv lunch message as well. >> how about the individual store level? what are you telling the captains? i know you. i'm not saying this is a spiritual company. that i know they are hearing from you. i'm a captain. tell me what you're saying to me. my numbers are not as good and i'm hard. >> first of all i want to find out what the guest is telling the captain. our guest metrics are still very strong. from the value, the guest is using us. they might not be using us as often. we have a great training program for the camps, around soccer, around football. so they know, one, we have a
6:21 pm
association primer. soccer 101. we need to train the captain. and then give them some specific programs that they can go out into communities and how they engage with guests. >> i'm betting with you, not against you. you've been successful so many years. >> i'm excited about what we have coming up and we'll get it turned around. >> thank you. "mad money" is back after the break. coming up, the illness outraged that seared chip olty. after the company turned up the flame in their efforts to make things right, is now the time for a fresh start? or have they lost their flavor? cramer checks if with the cfo after a rough earnings report. just ahead. my mom loves giving me advice. she even gives me advice...
6:22 pm
6:23 pm
...about my toothpaste and mouthwash. but she's a dentist so...i kind of have to listen. she said "jen, go pro with crest pro-health advanced." advance to healthier gums... ...and stronger teeth from day one. using crest toothpaste and mouthwash makes my... ...whole mouth feel awesome. and my teeth are stronger too. crest-pro health advanced... ...is superior to colgate total... ...in these 5 areas dentists check. this check up? so good. go pro with crest pro-health advanced. mom's right...again!
6:24 pm
i say rhyming like panic. the bull markets, february it was the banks. unlike oil or banking or oil tech, to borrow a line from toll stoi, each unhockey one is unhappy in its own way and some are not unhappy at all like facebook. like no uber. let's pull ferret four names having a close encounter. microsoft alphabet twitter. first, microsoft was involved in
6:25 pm
a difficult transition and service in a positive way. the ceo hired a business widely viewed. and a price offer with the kicker. in very short order he transported it into a cloud company. initially faced resistance. it this has faux cloud written all over it. very impressive. sadly the weak quarter microsoft reported has called the whole initiative into question. the pc division reporting very soft numbers. it is like it is trying to stabilize. there are no easy answers. something would be a much better use of the cash in the buyback. until nadella does some deals,
6:26 pm
it will remain stalled how about alphabet? how do you value the company that's growing fast but not fast enough? the company that needs to spend money ahead of the competition but it is spending more than it should? believe it or not that's almost exactly what you're getting. i think it is absurd. they start showing the pick-up. this would be a very different story. however, even though quarter was less than stellar, this is not a no growth story. i think it should be given some respect. that's why i think alphabet is on the way down. if goes slower, it will be like any old stock.
6:27 pm
we're in no man's land. and the other shows signs of paying off in our lifetime. i'm calling this the disappointment. on the surface there seems to be a lot to like. the earnings shows how little you can trust the posted numbers. there's some real costs involved that were not demonstrated. lots. it destroyed the whole story. the revenue came in at the low end of the guidance range because they did not increase spending as quickly as they could in the first quarter. that's why it climbed 16%. it is like saying don't buy our stock. we don't know what we're doing. twitter in a market vastly
6:28 pm
prefers company that do the opposite. therefore the darn thing is almost impossible to value. you want to pay less and less for a company that keeps breaking promises. i think it is worth $2 or $3 less than what it is already trading. this morning on stock on the street. i said i wanted to rint. what would i do to fix it? i would go to harvey mudd, cal tech, m.i.t. and maybe stanford. higher the three best computer scientists in each one of have them sit down with a bunch of half blind grandmothers and see what problems they're having. you solve it for the half blind grandmothers, or grandfathers, people like that. you solve it for everybody. the users and advertisers will follow. you hate taking advice from me. but go do it. and stop claiming what a great value proposition you have for advertisers. give us some of the real
6:29 pm
examples of the companies with the platform. meanwhile we have to accept after tonight that facebook is giving twitter the business every single day. i'm beginning to believe that we're looking at apple all wrong. i think it is a victim of its own success. i feel like apple's management didn't realize the imphone 6 was on steroids. particularly if china. so they didn't know. sub optimal but not terrible. now the company has a. better understanding. hence they reset the expectations. there's a new iphone launch coming up in the fall. it wasn't even discussed last night. that's how beleaguered everybody is about the company. i love it. but it is not growing so fast that we can put a point on it. that will come.
6:30 pm
>> it can't support the stock at these numbers. we only got one down grade. that's not it. that's not enough. in short the stock has negativity and the company needs more products without turning off customers. then when the new imphone iteration come out. not cheap enough to buy. if you own it, hold it. if you don't, wait for more down grades. like you do. you'll be fine. don't caught up if the notion of a tech break. if a company sells into the cloud or the internet, it is doing well. it controls costs. right now the rolling bear market has tech in its paws and there are more fertile places to invest your capital unless you get more facebooks, twitterers
6:31 pm
and apples. nick? >> caller: buckeye boo-ya. >> of course. >> caller: my question is about ads. 15%. should i be being and holding? >> we thought it was a buy here. it was completely -- i think they're better than that stock indicates. why don't we go to bill in florida? >> caller: hay, jim. thank you for taking my calls. i'm a long time caller. listener. i had a question of mike ron tech none in partnership with intel. the new 3d -- >> right. look. micron is not best of breed. two different company. if you like the semis, we have to go with broadcom or nxpi.
6:32 pm
sure, you can be better off elsewhere but don't get caught up in the notion of that. it just obscures the bigger picture. i have chipotle's top executive coming up. then when it comes to aerospace, is the sky the limit? or will it face turbulence? and a busy week. i'm sure you have some questions. a very special edition of the lightning round. stick with cramer. tomorrow, kick off the trading day with squawk on the street. >> it fell off a cliff. it was k-2. you talked to me about it. it was k-2. >> it all starts at 9:00 p.m. eastern.
6:34 pm
6:35 pm
how do we balance a country
6:36 pm
like chipotle which is trying to bounce back from two problems? i told you there's a problem with a restaurant after a disease outbreak. the numbers start to recover. so when chipotle started to recover, maybe we shouldn't have been surprised. its revenues did come in well below the estimates. and the same store sales plummeted. however, chipotle really just started moving its customers back. i think it is important to recognize on the conference call, management noted sales calls started to recover. these were trough numbers and i think things are improving. which is one reason they've been buying back stock hand over fist. i think it is way too soon to write them off. i'm speaking with the chief financial officer. welcome back to "mad money." >> right to the point. you said we want to be very
6:37 pm
aggressive with our balance sheet to purchase stock. $463 per share. you can tell me all you want things are good. this is putting your money where your mouth is. why are you being so aggressive? >> since november 1st, we spent almost a billion dollars in buying our stock back. we took years and years and years to build a very strong balance sheet. we are over $1.6 billion in cash and liquid investments before all this happened. and we believe in our future. we believe as much in our future than we ever have before. we're committed to make this right. we're committed to our vision to take the way people think about fast food. this seem like the time to take our balance sheet and turn our strength into an opportunity to buy back stock. we believe in the future. our shareholders will say that was a great buying opportunity.
6:38 pm
>> so give me some of the sign posts. is it because of the remarkable redemption of the coupons? is at this time fact that you've seen this movie before, unfortunately, it was some other guys. taco bell or even the ill fortuned jack. or is it because you know of your loyalty and that natural organic is still what people come for? >> well, it is a number of things. we're aware of what has happened in the past. we've seen what customers are feeling. yes, we are seeing them come back into the restaurant. that's been great. we've been very aggressive to invite people in for a free burrito. we'll continue to do that although we'll use different tactics. we're recovering in the minds of our customers. in most cases, we hit bottom in january and we've been recovering ever since. every day and every week.
6:39 pm
in some cases, our measures are just about where they were before these incidents happened. in one important case we asked does chipotle serve healthy and nutritious food? our research shows that customers are right about back where they were before these things happened. and with most loyal customers, they're ahead of where they were. we believe while it will take time. we do think the customers will come back and we'll do everything we can to get them to come back. we'll have these team remind them of what it can be like. >> they might not know unless they've been there. initially you were committed, of course, to becoming the industry leader in food safety. you decided to have the lettuce
6:40 pm
sent centrally. people didn't like that. you came up with a better way for people to get their way. i want you to tell people that. >> it is part of the great story. we moved very quickly when all this happened to change what we were doing. we changed procedures with our suppliers. we change them in restaurants as well. a couple of things. we took our bell peopppers and ourlet us which was chopped every morning. we moved to it central kitchens and we felt that was the best way to make sure that any risk with related path jens. our customers didn't like it, especially with lettuce. so we've worked outside experts and an inside expert to help us figure out, how can we go back to having delicious lettuce prepped in the restaurants and still be absolutely safe for the customers. we fouled a way to do it.
6:41 pm
we can have interventions at the supplier. the lettuce can arrive largely as a fum head of row main lettuce. it will be trimmed and washed. then our team will take that lettuce and prep it like they did before. the lettuce that you'll have in your bowl or your tacos will be prepped in the morning. it is only in a small test but then we'll roll it out nationally. we think we can continue to focus the food's speaking wiint. we can still do real prem and make sure the food is absolutely safe and all three are super important. >> i felt your transparency and natural organic ethos almost cuts against you short term. you had to close a store in boston that started the clock again on illness. i have to believe that the vast majority of restaurant chains
6:42 pm
would not have closed that store. a couple people got sick. it was not any sort of illness that went to the customer. but you're taking extraordinary circumstances that are alerting people to things that no one else would be alerted to. >> we serve over a million meals per day. even with these lower sales. and we have to be perfect. we have to make sure that customers are safe and they're confident with each of those more than a million meals. so we have tightened our protocols and we have probably taken an approach where we'll be safe than sorry. we'll take care of our customers before we worry about a day or two of sale. sometimes that gets into, that incident in march really did get national headlines. even though nonl of our employees worked while sick. no customers were affected. in fact the local health department commended us for the design of the protocols and the execution. it gave us confidence.
6:43 pm
it gets press so that hurts us. so we'll always make sure. even though it might be better financially. it will regain the trust of our customers. we're committed to build that business back. >> last question. i don't want to get too existential. when i talk about this. it doesn't seem like peel went to other stores during this period. they either didn't go or they've been waiting. because i didn't see any pick-up in any of the store chains that i would regard as being rivals. is it just that people said, when it is all clear, i'll come back? you didn't seem to lose any customers. >> we've done research and there's a couple things that i would highlight there. one, customers that visited chipotle less often did not go to any other burrito joint. they didn't go to a direct competitor of chipotle. they spread their visits across
6:44 pm
qsr and across casual. so there was not any big winner out there. you're right. fwaunt. it wasn't like our customers found another favorite. they just took their dollars and spent it somewhere else. as we entice our customers to come back in. as they come in and have a wonderful experience, hopefully they'll build it back to where it was before. >> i do want to make mention of this. are there people who feel fresher food means more chance of air borne illness? do you think that's changed? >> there's been a lot of press. more press about food related illnesses. i'll bet it is more on the minds of customers generally. what we home to do with chipotle is to show you can have great ingredients, real cooking, ready to eat food and you can ensure it is safe. we've always focused on being a leader with food integrity. we want to be known as a leader in having safe food.
6:45 pm
we think we can lead the way. other customers will be able to follow what we're doing. so generally people will be more confident. no matter where they eat. they can eat ready to eat fresh food. we're committed to that. we've lermd so much about, we can have our cake and eat it too. we can serve the great ingredients. we can do all the cooking and we can assure for our customers that the food is safe. we think we're charting new territory. >> thank you so much. always great to see you, sir. >> thanks. i've been saying it will bottom out. i'm out there saying it. not changing my view. putting his money where his mouth is.
6:46 pm
6:47 pm
6:48 pm
it is time! time for the lightning round!
6:49 pm
and are you ready ski daddy! doug! >> caller: i love the show. thank you for everything you do for small investors. i want your thoughts on aig. >> let's to go anne marie in new york. >> caller: buy more, sell or hold? >> i'm into it. i don't use the products but i'm pro the group. let's to go bill in pennsylvania. >> caller: a big boo-ya to you. >> what have you got? >> caller: med tronnic. >> better than good. let me put in baxter. why not do boston scientific. >> caller: i own shares. >> we were taken aback. we want steve to come on. we did not get exactly the
6:50 pm
negativity that people felt. bobby in maryland. >> caller: how are you doing? >> real good. how are you there, chief? >> caller: very good. canyon pharmaceuticals a few days away. does she fly high or crash and burn? >> man, i don't know. sheesh, that will be tough. i'm going with my man adam and see what he has to say. he's been the right guy. i need to go to phil in oklahoma. phil. >> caller: appreciate what you've double. we own royal caribbean, carnival and norwegian. >> my favorite is norwegian. that's the one we've been favoring at this price. we're just getting started here. let's to go aaron in my home state of pennsylvania. aaron. >> caller: hawaiian holdings. >> everybody wants it. i have to go back with southwest. that was a powerful interview.
6:51 pm
let's to go bengie in massachusetts. >> caller: hey, are you from paille, pennsylvania? >> no. that's the rich side. i'm from the poor side. i'm not from the mainline. what's up? >> caller: what do you think of wrk? >> i like wrk. i'm looking at some momentum. doing some work on it this afternoon with this new guy. and that ladies and gentlemen is the conclusion of the lightning round! >> sponsored by td aameritrade. working 24/7 on mobile trader, rated #1 trading app on the app store. it lets you trade stocks, options, futures... even advanced orders. and it offers more charts than a lot of other competitors do on desktop. you work so late. i guess you don't see your family very much? i see them all the time. did you finish your derivatives pricing model, honey?
6:52 pm
td ameritrade. i'm spending too muchs for time hiringnter. and not enough time in my kitchen. (announcer) need to hire fast? go to ziprecruiter.com and post your job to over 100 of the web's leading job boards with a single click. then simply select the best candidates from one easy to review list. you put up one post and the next day you have all these candidates. makes my job a lot easier. (announcer) over 400,000 businesses have already used ziprecruiter. and now you can use ziprecruiter for free. go to ziprecruiter.com/offer6 youto get the help you'refar looking for. that's why at xfinity we're opening up more stores closer to you.
6:53 pm
where you can use all of our latest products and technology. and find out how to get the most out of your service. so when you get home, all you have to do is enjoy it. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around.
6:54 pm
you know, i got kind of worried about the aerospace bull market. the one that's all about strong underlying demand because of increased travel after alcoa talked about the orders. if you remember when they reported in april, you heard a story that there could be some glitches in the short term growth rate. especially on some legitimate issues in delivery issues. when you hear that kind of statement it makes you freak out. aerospace is one of the most reliable things out there. thanks to the great surge in travel. you can't blame anyone for being nervous. the airline company reported a
6:55 pm
bunch of pumped numbers wouldn't southwest putting up anything remotely had respectable. after all, given that these are the companies that actually buy planes, you had to be concerned that there was more to it than a temporary glitch or slowdown. however all that changed last friday. >> first, general electric trick gave you other quarta quarter t. even the purchase of the big drilling machinery company. then a surge in everything they sell. it is everybody. and they cited increased flying hours in china. that was fantastic. then yed, it blew me away.
6:56 pm
sure, a lot of it is military but that counts as much as anything else. the stock won't quit and it shouldn't. it tells a story of increased defense spending. very solid. then we heard from two others that may matter more than anybody he will in the industry. boeing and united technologies. they announced, it is multiyear in name. solid, solid, solid. aerospace was on fire with its pat end engines. and some work done on this. it will only get stronger because they have a brand new engine coming. all the stocks are soaring which means we circle back to alcoa. that stock which you know i think is terrific has now rallied from 9 1/4 where it fell
6:57 pm
to, all the way to $11.31. held indeed by a rise. along with the company's pending break-up and highly engineered metals and business. my advice. this is so long and so deep that i don't even know if the airlines can afford to leave the long, long cue to get new planes that boeing has. i say buy the stocks in weakness. we haven't seen it of late. at this point in the earnings season, we may not see it at all. stick with cramer. card from ca. 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?
6:58 pm
6:59 pm
we're banning the word tech rat. unbelievable. just for you. right here on "mad money." i'm jim cramer. see you tomorrow. when you find something you love,
7:00 pm
you can never get enough of it. change the way you experience tv with xfinity x1. the sharks are back, in an all-new season of "shark tank," where hopeful entrepreneurs from across the country dream of a chance to secure an investment and gain powerful partners to start, grow, or save their businesses. are you currently selling this anywhere? well, we're a pre-revenue startup. something smells a little funny here. if the sharks hear a great idea, they're ready to invest ing their own money... i won't kill your money. you've killed a lot of money before mine. and they'll fight each other for a piece of the action. you know, nice guys finish last. you okay? (crying) that's not true. nice guys finish first all the time. but first, the entrepreneurs must convince a shark to invest the full amount they're asking for, or they'll walk away with nothing. cubes, let me-- let me jump in there. cubes? just for calling me "cubes," i'm out. it's sink...

305 Views

info Stream Only

Uploaded by TV Archive on