tv Mad Money CNBC February 22, 2017 6:00pm-7:01pm EST
6:00 pm
i know you want to help in there and then damsel in distress but just hold off. >> global stocks emerging. >> nvidia. hard to say, easy to buy. >> that does it for us. my mission is simple -- to make you money. i'm here to level the playing field for all investors. there's always a bull marketsome, where and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. my job is not just to entertain but to educate and teach. so call me or tweet me. we keep hearing how darned expensive the stock market is, that it's way out of whack with historic valuations, that it's
6:01 pm
extended well past what can be justified. i can't dispute that. days like today where we flirt with record highs, the dow gained 33 points, the s&p black slid slightly. it seems ridiculous that we can still go higher with the s&p 500 trading in way high where it's been historically. oh, and given how all we hear from washington is that the president's agenda of lower corporate taxes and repatriation of vast summing from overseas seems held up by dysfunction in congress, is there any real rigorous, intellectual justification for these prices? i know i'm mystified each day. i'm sure you are. i know a selloff sis inevitable. but something keeps happening that makes us wonder if this
6:02 pm
market is cheaper than it seems. companies keep beating earnings estimates, rendering multiples pretty much worthless. i'm simply stating facts. if companies can continue delivering better earnings than we expect, this market might be cheaper than it looks. maybe a lot cheaper. yesterday, home depot and walmart reported surprisingly great quarters. both of them gave you ample opportunity to raise your estimates. if you thought home depot was expensive going into the quarter, you found otherwise after you listened to the conference call. i was primed for disappointment from walmart. it did the opposite, showing much more profitability than i expected. this afternoon, we heard from 3-m. the ceo said he feels better about 2017 than he did a few months ago. 3-m, home depot, walmart, three
6:03 pm
stocks that seemed expensive last week, now seem too cheap. the exact same kind of revaluation occurred last week with cisco. if you look at the previous quarter, you would have been prime for some down beat numbers. the ceo himself wasn't that happy with the results. but 90 days with some positive acquisitions, stands out ridiculously cheap. this was a transformative quarter for cisco. it showed far greater profitability. but you had to understand the profitability is being hidden in a company with a hardware base. we feel ourselves telling subscribers the stock is way too cheap. the current price can't be justified by all the good that's happening. cisco's stock is too cheap.
6:04 pm
the same thing happened this month with visa. the company's earnings was a tad bit weaker than expected. the ceo told us when we sat down with him, visa saw acceleration at every venue and the business got much better. if you thought the stock was expensive going into the quarter, again, you realized it was too cheap coming out. but it's not just earnings that make it hard to sell this market. another dow stock, proctor&gamble, sells at 22 times. the stock has been driven up. and i don't think it's zone. this is the one activist investor where you bought the stock after he announced the acquisition, you can beat the market. another dow stock, dupont.
6:05 pm
it might seem very expensive on 2017 earnings, but not if the combined company is about to split into three separate businesses. when that deal closes, you go to an undervalued dow dupont. how can you say it's overvalued when it won't even exist as a company? lately, bristol myers has had a hard time with its key cancer franchise. the misstep has caused bristol to lose a tremendous amount in capitalization. but it still isn't cheap on earnings. we learned last night that carl icahn is making noise about how it can be taken over. i think these estimates are more likely too high. i know a bunch of people shorting the stock, but there's
6:06 pm
carl in there agitating. kind of remind s of how apple was. what a difference a quarter makes. as we saw apple's earnings accelerate. what's so important about all these situations? not one of them lies on the president's agenda. sure, there may be people bidding these stocks up. and i have no doubt something good will happen, given the president and congress support these policies. it's just i don't see lawmakers getting anything done on the tax reform until late this year or next year. in the end, every time you want to give up on a stock, seems like something good happens. you want to give up on popeye's ahead of mardi gras?
6:07 pm
$79 a share for this mid $60 a share stock. positives. keep coming. while the stock market certainly seems expensive, individual companies can often turn out to be quite cheap, given better than expected earnings, possibility down the road of a better tax regime. so as much as you might be inclined to bet against this market, the ceos are bettering the situation as we speak and understand that there are real reasons for this rally. reasons that aren't going away, despite the remarkable run we've had. pat in north carolina, pat? >> caller: boo-yah, jim. we love your show. >> thank you. >> caller: my husband and i are expanding our portfolio, and we're interested in corps. what is your take on southern
6:08 pm
copper? >> i was going to say i like free port but they had some problems in indonesia. i share with you the some like for copper. i think as long as it's part of a diversified portfolio, you're in good shape. cody in new york. >> caller: hello, dr. cramer. thank you for your continued guidance. >> my pleasure. thank you. >> caller: i'm interested in investing in the -- stock that lumps hedge funds together. i like the space, because it focuses on energy, infrastructure, real estate and credit. yet, the stock has not risen much recently and it's still rather cheap. >> i agree with you on everything. but the reason why it's cheap is because people don't know what it owns. i'm inclined, after what happened with fortress last week, after a better than
6:09 pm
expected stock market, i through you're right. i think carlisle is a buy, cg at $16. we're going to steve in washington. >> caller: boo-yah, jim. if we ever get a pullback in the dow, would you buy hertz or avis? >> i have to tell you, if we got a pullback, there would be so many high quality stocks, like a cisco that i would want to buy or an amazon, that i would hike to stick with companies that have improving fundamentals, that actually have accelerating revenue growth. and i think all those fit that pattern. particularly because after coming back from silicon valley i feel so strong about those companies. even when you want to, it's so hard to bet against this market when you have ceos bettering their situations. there are real reasons for these record rallies and we'll be looking for more buying opportunities together. are you tall enough to get on this wild ride? get ready for an adventure when i speak with the ceo of six
6:10 pm
flags. and i may have left my heart in san francisco, but i packed the lessons i learned. i'm reflecting on my time spent out west and telling you the three hot tech stocks worth owning. and last year, they shipped out their first tanker of lng. but who was missing from the occasion? the man who made it happen. i'm talking to him about his new business venture. i suggest you stick with cramer. >> don't miss a second of "mad money." foll follow @ jimcramer on twitter. send jim an e-mail or give us a call at 1-800-743-cbs. -- cnbs or go to cnbc.com. ways.
6:13 pm
especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business. >> all right, it's clear these days consumers just want to buy experience, not just things. that's why i've been a big backer of the theme park stocks. take a look at six flags. that's the largest regional
6:14 pm
theme park operator in the world. 19 peoptheme parks located throughout north america. until today, the stock had been up 19% in the last 12 months. but this morning, six flags reported what i thought was a solid quarter, higher than expected revenue, which is what i care about, up 10% year over year. and they're having a lot of success selling regular tickets to season passes, with their active season base up 15%. yet the stock went down, sinking a little more than $2 today. i think that's because the stock had run pretty substantially over the past few months. some were looking to ring the register. so is this the buying opportunity? let's dig deeper with john duffy, the new ceo. mr. duffy, welcome to "mad money." good to see you, sir.
6:15 pm
>> how are you? >> i think you would agree with my characterization, the stock has been a horse. the numbers, what i was looking for, the key me trimetrix, the overall, very much on target. >> absolutely. the strategy that we have in place is what we've had in place the last six years is working. that's a strategy of continuing to grow our attendance through our season pass penetration, migrating our single day tickets over to single pass. that's been very successful. >> just a gigantic number of people with these passes in a short period of time. >> that's right. so we have been very successful doing that. one of the reasons why it's been so successful is because it's a great value, and as we look at our guest satisfaction scores, particularly value for the money, that continues to increase. we've been adding a lot of events of the years.
6:16 pm
fright fest, ol dholiday in the park. mardi gras. >> what will i see if i go? >> it's going to be another great event for us. you're going to see floats. these are the types of floats you see in new orleans. we'll have great food, some great entertainment. i think our guest also love it. >> a hui thought it was great te how you've embraced virtual reality. >> we look at ourselves as the leader in innovation. virtual reality is one area, we were the first in north america to put virtual reality on our roller coasters. it was a tremendous success. our guests love it. and we're taking that to another level in 2017 by going to mixed reality. it will be virtual reality and augmented reality together. the beauty is not only do guests love it, but it's a minimum cost
6:17 pm
and it's very flexible. so we can change it up. >> so "usa today" talked about the best coasters, they said the joker, which is one of yours and you hit it out of the park with virtual reality. they also said, some enjoyed it, others reported longer wait times, so-so graphics and technical staff unafus. all behind you? >> all behind us. and like i said, our guests love it. >> i always think that when you add new rides, it brings in new people. you've added a bunch of new rides. >> we have added a bunch of new rides. 2016 was our best year ever in terms of new capital. 2017 is even better. so we'll continue to add rides. not only does it bring people into the park for a brand new experience, but it increases the capacity within our park, which allows us to get more people. >> is there more room for more
6:18 pm
park in this country? >> within the united states, jim, i'll be honest, there probably is not room for more parks. that's why we have this international opportunity. with the international licensing strategy that we have to basically utilize our brand outside the united states, to build parks in areas like china, vietnam, and dubai. >> it would seem to some degree, rather than think they're on an expansion, the gaining factor is both insurance, and you really own this space. >> we really do. when you think about it, it's fantastic industry because it's not only growing, but it has very high barriers to enter. so we don't see anyone coming in and building new parks to compete with us here in the united states. >> i have to tell you, my daughter and i were together this weekend and still doing virtual reality on the streets. the more people hear about this, your place is going to be packed. >> you talk about the virtual
6:19 pm
reality experience, where you can go to malls, wherever, and do it. now think about doing that on a roller coaster. it's incredible. >> that's john duffy, the president and ceo of six flags entertainment. this stock hardly ever comes down. you're getting your chance tomorrow. "mad money" is back after the break. coming up, after being ousted from the energy company where he made his name, he's back with a new venture. >> de-regulation, great i would think for this business under trump, right? >> yes. >> does the energy executive have what it takes to be the comeback kid? find out when cramer returns. it's an impornt question you ask,
6:20 pm
but one i think wi a simple answer. we have this need to peek over our neighbor's fence. and once we do, we see wonder waiting. every step you take, narrows the influence of narrow minds. bridges continents and brings this world one step clor. so, the question you asked me. what is the key? it's you. everytng in one place, so you can travel the world beer.
6:21 pm
♪ [dramatic ♪ ic begins] ady! charge arge! (in chinese) charge! let your reign begin. evony, theobile game. download now. ♪ it's not just a car, it's your daily treat. ♪ go ahead, spoil yourself. the es and es hybrid. experience amazing. ♪ when you go out to silicon valley like we did last week, you tire of hearing about social, cyber security, artificial intelligence and
6:22 pm
autonomous driving. only because it seems like every company out there has chosen to exploit at least one of these tools to win over customers in a dog eat dog world. [ dog barking ] it's often a defensive adoption meant to keep pace with the most dominant company in the digital universe, amazon. by nature of its worldwide operation, amazon was buzzed about by almost every guest we had on, and always in reverent tones. people are in awe of its bold plans to take over countries like india and to be able to participate through machine learns. amazon is loved by the kids of the chieftains, and is thought to be the logical inherit the earth product. web services have created entire industries meant to monitor the success of these products for their own customers.
6:23 pm
any thought about what amazon may be up to next causes silicon valley execs to shutter because of its vast scale and determination. at one point, i got into a dispute with two gentleman who were arguing whether amazon would just choose to eliminate the pbottleneck by creating ther own drone force. amazon has no choice but to develop both drones and an air group. there's palpable fear of this company, and it casts a shadow over all of silicon valley. i thought facebook would be the company that would next capture people's imagination, but it wasn't. in fact, there was derision do they know how to monetize facebook live? when are they going to get serious? maybe this decision reported today to report a major league baseball game might be the
6:24 pm
answer. there was virtually no interest, other than in a public way. a copy cat product that since its introduction last year has slowed snap's growth dramatically. many executives caution the snap buy p.o. could be an outright bust. or parcelled out into such a small amount, gaffing the public that comes in, which is come to view as a second rate facebook. but they all to a person believe snap is because advertisers covet the younger demographic. i found myself repeatedly defending it from multiple charges of miscounting. i detected ajealousy.
6:25 pm
there's universal love for alphabet. while most execsed ed admire th ability to hone the search, it's their ancillary products that are impressing these guys. alphabet has laid down hundreds of thousands of miles of fiber, get nos creds no credit for tha. given that so many companies live in fear of amazon, this data center business has become a source of profit. monster profit, including the $400 million that snap would be paying them to use their cloud and not amazon. yet they don't get enough respect. the negative research on the company barely mentions the treasure trove of payback. alphabet's autonomous driving business is light years ahead of the competition.
6:26 pm
i think wamu wants to dominate this business. yet they're not factored into the estimates at all, to the point where it's ridiculous. finally, alphabet's machine learning business is real. i saw artificial limbs that could learn what they're picking up. the only fly in the ointment, the company's inability to make big money off of youtube. the stock is way too cheap. intel really had my head turning because it's a much bigger competitor. the personal computer business is so huge, nothing else seems to matter. but intel's work is being undervalued by everyone. i think intel is a couple of quarters away from demonstrating its prowess. i bet intel's efforts will put pressure on that stock.
6:27 pm
hp's good numbers tonight could send intel's stock higher tomorrow. perhaps the most transformed company out west is cisco. the ceo chuck robins is trying to create an ecosystem whe. i think this is going to work. you just saw the transformative quarter last week. cisco is on pace to turn the way adobe did. most important, cyber security, where i think that cisco is beginning to take share from some of the more established players. if cisco can pull this off, the current valuation is ridiculously cheap. i came back feeling fabulous about cisco and alphabet.
6:28 pm
it's certainly not too late to buy either. i heard a lot of good things about the tone of business at adobe and i feel great about that one. here's one worth noting. workday, i think those challenges that weakened this business at the end of last year may be behind workday. sadly, i heard nothing good about twitter, before or after my interview with the ceo. there's belief that the board isn't engaged or would force the ceo to pick one company to run, twitter or square. some of the board members don't even tweet. there aren't enough hours in the day for one guy to do a good job running both companies. i can't tell you how many times i heard about the loss of adam bane, the c.o.o. the company brushed aside all my
6:29 pm
calls, made me feel there was no cue, and the coming quarter's crunch seemed to ward off any hope for upgrades. i know twitter helped elect a president, but i don't get the sense it's helped to sell a lot of product. i worry about twitter. it's falling behind. too many people are leaving. for me to think that it's good stock to own, unless that's a takeover, and that seems unlikely, given square's strong numbers tonight, maybe jack should excuse himself on a high note and devote 100% of his time to twitter. each exec used an iphone, no one seemed too excited about what apple is up to, even as i harped on the growing revenue service stream. all together, there's a limited number of companies that mine silver with amazon being the most worshipped of the entire flock. incredibly ironic, given it isn't located there.
6:30 pm
linda in new jersey, linda. >> caller: yes, hi, jim. thank you for taking my call. >> of course. how can i help? >> caller: i own several hundred shares of yahoo, and i wanted to get your shares on what to do with them. sell them now -- >> yeah, just sell it. you're done. just sell it. congratulations. you're done. let's go to rich, also from new jersey. rich? >> caller: jim, jersey shore boo-yah from red hot red bank. >> i'm missing the jersey shore. i could use that big meatball. what's up? >> caller: so u.p.s., morgan stanley downgraded the stock today. they slapped a $77 price target on it and wanted to get your opinion on it. >> on u.p.s.? >> caller: united parcel service, yes. >> i thought their other piece was very negative. i understand they have a lot of work to do to make it so they can handle all the business we have. that's a high quality problem.
6:31 pm
u.p.s. has to spend much more than it is, and that's going to keep the price-to-earnings multiple under pressure for a long time. lots of takeaways from san francisco. you should own cisco, amazon, alpha met. much more "mad money" ahead. tonight, i'm sitting down with the man himself. see where the company is headed. then the housing market is busy building a strong foundation. can home depot continue bringing in the big bucks? and all of your calls rapid fire in "the lightning round." so stick with cramer. tomorrow, kick off the trading day with squawk on the street. live from post nine at the nysc.
6:32 pm
6:35 pm
6:36 pm
number one lng company. he didn't just give up and go home. that's not his style. he's such a believer in this natural gas, he created an entirely new entity called taluran investments, with the goal of finding new ways from profits the fact that nat gas is so cheap in america. earlier this month, the company acquired magellan petroleum that took the company public. he's working to build a new lick questi -- liquefied facility. so let's check in with sharif, the founder and former ceo of
6:37 pm
shanir energy and find out what's happening with this new company and the industry. welcome back to "mad money." good to see you, sir. the man who called it right, he's back. >> good to see you again. >> tellurian, we had lng, you were the first mover. but other companies have come in or are building. are you too late? >> no. >> why? >> let's put it in perspective. the existing projects are going to representative about 10% of product sh production. and everything else is stored since then. so the global market is 750 bcf today, 70 in the states, and the rest for the world. we are going to export a minute portion of what the world
6:38 pm
requires. >> because we're such -- we can be a huge producer in this country, bigger than everybody else. >> we are the biggest producers. but we can also be a very significant exporter, as long as we build the infrastructure up. but even if we double the existing capacity, it's only going to be 2% of the global market, so it's nothing. >> you've got a team put together that is very experienced and you've got some other companies that i say are pretty good at what they're doing. the same crew to some degree, charter. do you think you can leapfrog ahead of others and get things done faster because you know how to build this? >> i think the key thing is we're going to go at our pace. we're not going to worry about what everybody else is doing. and we have a formula that's worked in the past. the first thing is bring your suppliers as part of the team, and work with them to cut time
6:39 pm
and cut costs. and the second thing is, always when you have talented people, pay them well based on performance, because that's how you get results. >> how are you going to raise this money, sharif? you raise it for lng, but it's a fortune to build these things. >> yes. i did it once when i had debt, and i was in a hole. this time i have a great advantage. i have no debt, i'm starting with a fresh slate. and it's not that hard. plus, we have our experience behind us. and as you say, my team has worked with me for a long time. and i got two very significant institutional investors that have come in. but management has put in $60 million ourselves. >> right. give us the state of things, natural gas has just gone down big in this country, but not around the rest of the world. so it's still a local market. but we have a tremendous cost
6:40 pm
advantage over everybody else. so even three, four years from now, you still think the difference are be good for us. >> we have two very strong advantages. the first one is natural gas. we have 100 days worth of reserves. and the growth, i thought they had finished improving, but no, they continue to lower the cost of production in the u.s. by 15%, 20% every year. which is amazing. >> which is incredible. >> so it's just amazing. and the second advantage is we have the cheapest liquifaction in the world. our products are on budget, and it doesn't seem to happen anywhere else in the world. >> i know that you have commented publicly that you think that the trump administration is a little better for oil and gas. de-regulation great i would think for this business under
6:41 pm
trump, right? >> yes. >> and epa? >> yes. as always, the pendulum swings too far in one direction and now it's coming back. so it's going to work to our advantage a little bit. i have to say that the obama administration was great for us. >> now, let me ask you, you nailed the price of oil. you were dead right. you said it would finish in the 50s a year ago. any feel for oil now with opec? >> i think the only feel i don't have for timing, because i think right now it's pretty much what it should be. and i think if you go back a few years, it may never go over 70. and sufficient the cops quenseq. >> immigrant from lebanon. how do you feel about our country these days? >> great. it's the greatest country in the world. >> there you go.
6:42 pm
that's the president and ceo of teleurian. >> what's better than "mad money"? how about more "mad money." follow "mad money" on facebook, twitter and instagram to go one on one with cramer. >> what other questions do we have? i always tell people you've got to start with an index fund, because i need you to be diversified. >> get more with guests. and go behind the scenes with the most spinteractive show on television. >> if you can't explain why you're buying a certain stock in three bullets, don't buy it. >> follow "mad money" today.
6:43 pm
6:44 pm
the suv that dares to go beyond utility. experience amazing. what'sritical thinking like?? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not st wealth, but things that maer morgan snley
6:45 pm
6:46 pm
but those two are part of your ride the tiger portfolio. who's right? >> i always hear that. it is a boom/bust business. but what we've seen from hp tonight, i have to tell you, i don't think we're at paeseak margins. i'm a buyer of western digitals. anthony in new jersey, anthony. >> caller: hey, jim, thank you for everything. my stock is hca. >> it should be coming down because of the change of obamacare, but the fact that there's not tells me there's something better afoot here. i'm lost why that stock stays strong. michael in new york, michael. >> caller: jim, a big boo-yah. i've been watching you for over 20 years and you've helped me. >> thank you very much. >> caller: i want to ask you about metlife. i ordered in the teens and it's $53 and change. should i sell?
6:47 pm
>> no, no. you take your money out. take your money out and ythen yu can't have a loss. let's go to craig in pennsylvania. craig? >> caller: yes. >> go ahead, craig, you're up. >> caller: i would like you to give me your feelings on huntington bank. >> very good, but you're they have going to buy ohio banks. we think that key has the best momentum and also yes, i do like beth mooney, the ceo. let's go to rob in washington. rob? >> caller: yes, hello. >> rob, you are on, it's jim. >> caller: hi, jim, this is rob, bye. so i'm calling about insight. >> let me give you some insight about insight. it's incredibly undervalued. they make a lot of money. i think you're on to something
6:48 pm
here. i want to buy. let's go to torrance in florida. >> caller: thanks for having me on the show. extl. >> we got this one in very, very low, under $5. it was recommended we got it from my buyer a few years ago. and continuing to upgrade. i think the stock is still good, but obviously it's come up so much. >> don't buy, don't buy. >> i can't recommend it. bob in california, bob? >> caller: hi, mr. cramer. pleasure talking to you. my question is this, president trump has indicated that one of his main goals is to rebuild our country's infrastructure. therefore, i purchased shares of free port mcmaran. but sense buying them, they've been on a downward slide. what if any suggestions do you have? >> you have to hold on to it. it's not a good play to try to
6:49 pm
relate our infrastructure with that. but it was looking great before this indonesian deal. susan in california, susan? >> caller: hi, jim, good afternoon. i have sky works. what are your thoughts? >> it's terrific, having a good quarter and a good year. i know it went all the way back down. it's coming back up. curtis in ohio, curtis. >> caller: hey, jim, how are you doing? >> good, how about you? >> caller: doing well. my call is concerning sam's boston brew. >> no, we're not a buyer of that. buy constellation here. in fact margarita day, don't forget that. and let's go to will in north carolina. will? >> caller: hey, jim, how are you doing? >> good. >> caller: i just want to know what you thought about it long-term.
6:50 pm
>> they had an announcement that says they have a good pc play. you know i like amd. i still like my cicrmicron. amg is a buy. diane in maryland. >> caller: hi, jim, boo-yah from ellicott city, maryland. i watch you every single night. and when i'm not able to watch you, i tape you and watch you later. my stop is gilead. >> gilead must do something with its cash. i mentioned insider earlier. they should buy insight. and that is the conclusion of "the lightning round." >> "the lightning round" is sponsored by -- hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat.
6:51 pm
6:52 pm
on a perfect car, then smash it into a tree. your insurance company raises your rates. maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claims centers are available to assist you 24/7. call for a free quote today. liberty stands with you™. liberty mutual insurance.
6:53 pm
here's something you don't hear enough when it comes to retail. joy. i'm talking about the joy of working at home depot where literally they had to think outside the box to develop reason why is the business is so good to capitalize off their strength even more in the future. when you see the numbers this company delivered yesterday, numbers that showed broad based growth, numbers that showed great demand for the professional and do it yourselfer, you can't just say they're doing it right, even as they are. there are too many positives here.
6:54 pm
i don't want to make too much of the broader macro trends, because they did so many good things for shareholders. 29% dividend boost and the buyback, and staggering 7.1% december same store sales figures. but the chief financial officer had to struggle on the call to explain what all the strength is emanating from. it's not just market share gains or better employment. nor is it better online services or offerings. no. he talked about a whole new level of strength coming from housing, and she's incorporating what she calls the cumulative wealth affect of home prices. home equity is up, amounting to $58,000 per household on average. the money that's not going to the car or the iphone goes to
6:55 pm
the home in greater proportions. and while she's not fearful that it will go away, even if the fed raises rates, with each 25 basis point rate hike, it's $40 a month. something that won't really hurt affordability. nord, we don't need to worry about the fed yet, even as they grow more hawkish. so the combination of that wealth increase from rising rates gives home depot a very long runway to continue to deliver incredible quarters, something that was verified by that fabulous quarter, as well as very strong existing home sale numbers released again in the a.m. a lot of what home depot does right involves what it doesn't do wrong, namely sell apparel and entertainment. home depot doesn't feature hand bags or fashion watches or fragrances. all which macy's pointed out being subpar lines of
6:56 pm
merchandise. instead, it's got gardening equipment. also you don't have the possibility of losing a sale to the other guy in the mall. they tend to be the only guy in the mall. the simple fact is, the consumer is still spending on housing, putting more money into their home and doing it with increasingly with home depot, because it's just the best at what it does. or to put it another way, unless amazon wants to hope stores that are the same as home depot, but with lower prices, this chain remains one of the few that can't be beaten. stick with cramer.
6:57 pm
this car is traveling over 200 miles per hour. to win, every millisecond matters. both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere. brakes are getting warm. confirmed, daniel you need to cool your brakes. understood, brake bias back 2 clicks. giving them the agility to have speed & precision. because no one knows & like at&t.
6:59 pm
♪ my, oh, my, this restaurant retail business, so hard. poppa john's, consistent, did not do the number this time. texas road house had been starting to make a comeback. but no good. you know what? jack in the box may take the cake for something i thought was going to be really good and wasn't. and l grands, just when you thought it could do the number, it gives you a forecast that is just plain ugly. there's a bull market somewhere, i promise to find it somewhere for you. i'm jim cramer. see you tomorrow.
7:00 pm
>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ my name is barbara lampugnale, and i live in west hartford, connecticut. i am a mother of six girls, two of which have gone off to college. (chuckles) my girls and i absolutely love doing fun things together, so on sunday nights, it's become tradition that we all get together and paint each other's nails. do toesies. it was on one of these nail nights where my idea just hit me. wow.
125 Views
IN COLLECTIONS
CNBC Television Archive Television Archive News Search ServiceUploaded by TV Archive on