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tv   Mad Money  CNBC  June 20, 2017 6:00pm-7:01pm EDT

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of whirlpool. that headline made me look at it, realize it's still cheap whr. >> all right, thanks so much for watching see you tomorrow at 5:00 adon" t o anywhere "m meyw "mad money" w j with jim cramer starts right now make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer! welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at. or tweet me @jimcramer if you listen to most commentators, every bull market
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is always one step away from the slaughterhouse, include thing one. every day is the last day of the bull it's been that way for as long as i've been following the stock market it's going to stay that way. just a fact of life. like when you get a daily today that repels the averages from double digit gains, dow dipping 62 points, s&p declining, nasdaq losing 0.82% you're going to hear that the bull has died of xexhaustion after a hard, long run the bull welcome the bear. so tonight let's deconstruct the latest in a long line of bovine oh witbituaries to put it in perspective. that way we can understand how it can be resuscitated every time since i've gotten in the money management business, bulls die all the time
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they rarely stay dead for that long first, as i always tell you, if you want to know the key to the stock market, you have to know the key to the bond market, which is the benchmark ten-year treasury i hate bonds they're so boring, aren't they you buy them, you get your money back in the interim, collect a little income couldn't be more different from stocks but from the day i walked in the door at goldman sacks in the '80s, all i heard is the bonds, the bonds, the bonds the total supplication before the bond market always revolted me i interview hundreds of ceos, i had to take the business of so many companies somehow i might as well check my mind at the door and just say, hey, where do the bonds stand? sadly the answer is yes, at least when it comes to the day-to-day behavior of the markets. why should we trust bonds more than our own brains? bonds represent trillions in activity, much more than the stock market
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you ignore trillions in decision making and firepower at your own peril. second, because bonds are far more right than wrong, at least when it comes to the direction of the entire stock market obviously if a company reports a remarkable company, it can slim against the bond tide, there are always individual sections as an asset class, stocks are often at the mercy of bonds. today, bonds rallied hard, signaling to everyone who follows the bond market is we got a big slowdown ahead, which is going to come with a lot of deflation. that's ultimately worse for the economy than inflation that's the subtext we're all allowed to have our own interpretation i've got a twofold explanation i think the bond market is prone to exaggeration, and today's one of those days we're getting bond market hyperbole
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bond markets are transfixed by the oil market i believe that's just plain wrong. supply from this country is overwhelming demand, and that's how we went into bear territory. when oil was at $53 and looking like it was going to $60, we said it would go right to $43 in a heartbeat. because there are way too many speculators betting the wrong way. we believe a lot of those speculators are now being blown out. and while it is messy, i think it smells more like a bottom than a new top even though it's that kind of a bottom why? because everyone loved oil, we ated it. now the haters are coming out of the woodwork amazon today amazon announced a plan to take over fashion with a try at
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home and send back policy. i guess they're willing to bet women won't buy clothes, wear them saturday night and return them who knows? we can laugh but amazon's rampage is now getting out of control this company is now wrecking the price structure of everything that consumer buys the ole consumer price index is being amazoned and the fed might need to be able to acknowledge amazon is mowing down inflation so we don't need to raise rates anymore. so what stems from that view what's on your screen, the stocks and industrials go down tech stocks get pounded because the bonds say the economy isn't moving fast enough and the drug stocks go up how true is this story today was certainly true today we're projecting all the bond market thoughts to our stocks at the moment, they reflect the
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sum of our deflation fears what happen it is oil rallies tomorrow what happens if the market takes stock in fedex or adobe, all which rallied sharply? can we just recognize lower oil prices and lower consumer prices i know, heresy, but true the bonds were a cool task master today we can't ignore them we can't ignore the bonds, right? however, we must not be enslaved by them either tomorrow, bonds can take us in another direction or could be more positive about growth than they let on in this session. they do play it close to the vest so don't ignore the bond market but don't let it be your master.
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bud in ohio, bud >> caller: boo-yah, ski daddy, thanks for taking my call. yesterday morning, i heard the energy secretary waxing enthusiastic regarding exports of liquefied natural gas it reminded me of an interview you had in february. but since that time, the new company has fallen from $15 to about $10. >> yeah. >> caller: is this a good time -- >> here's the problem. there's a lot of companies in this business now. we've done a lot of work there's just too many coming out of the woodwork wanting to do this so we have to take a pause plus, it's energy related, and anything energy related right now, people don't want to hear about it that could change but that's the way it is right now. alan in ohio alan >> caller: hey, jim cramer, a big boo-yah to ya from ohio.
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>> what's up >> caller: hey, jim, i wanted to get your thoughts on pbi you know, i think they're a good stock, but they've been riding a sea saw from $13 to $18 in the last year. just wanted to know your take. >> i don't want to put words in the ceo's mouth, because i've seen them do a lot of good things lately. a bunch of the announcements that are very good with y but we have to hear from the man himself. this is a compelling story, but i need to know more before i make a judgment. sure, we were impaired by bonds today, but that doesn't mean they're our only master. pay attention, but don't be enslaved later on "mad money," ibm's ceo ginni rometty, balancing reinventing one of the most iconic companies on wall street.
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we'll see how she's managing business and with more businesses focused, can a company like wick help you score with the click? stick with cramer. >> don't miss a second of "mad money. follow on twitter. have a question? tweet cramer #madtweets. send an e-mail to madmoney.cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. hey gary, what are you doing? oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face.
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earlier today, we got to talk with ginni rometty, the
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chairman, president, and ceo of ibm. we discussed everything from ibm's cloud initiatives, personalization of watson to warren buffett's sale of a big chunk of ibm stock earlier this year and the company's multiple comebacks from adversity check out this two-part story of a leader in a challenging business at a challenging time, from ibm's watson center in new york city. ginni, i don't want to bury the lead you were at the white house yesterday. >> yes >> what did you talk about and what can ibm do for our country? >> look, this is a part of a series of meetings we've had about modernizing the i.t. in our government there's so many opportunities. it's about modernizing the systems and my, we work in many of them. we do much work in dhs, we work around things like the veterans administration we're helping our vets using watson, sequencing the genome. but it was a day not about what
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any individual company did, but ideas on how to modernize the i.t. that runs the country, and then i participate, and you know i've been quite focused on how for a country we have got to work on our skills and prepare not only this current generation, anyone for work. because all work is going to include technology to me it's the root of many issues in this country that has to be addressed. and it is the basic skills we've got open jobs and we need to fill them so we've been working on that. >> so when you tell the president that, i'm sure he says that's a very good idea. what's the followup? has there been followup with ibm? >> there's been very good followup two big areas of followup that i'm optimistic about one is last week you saw that the administration signed an order on apprenticeships to get that moving at scale that is one great way for public/private to come together. and we do that for students around the world and in this country. the second thing is that we made
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a lot of great progress and will be sponsoring a governor's meeting come this fall, which is this idea to scale ideas like pathway to technology schools that you were so gracious to host some of our students who graduated. but a six-year high school, we coined something new collar skills of the future, not white or blue collar, but the new, fresh, contemporary skills that idea is what we're working to scale that education across this country it's the simple idea, a six-year high school. you work with public high schools, help them with curriculum and we've been at it for several years. we'll be at 50,000 kids next year sit a solvable problem that's the discussions >> i look around here, and i think of old school image of ibm versus what you've done with the six-year and i think that it would be great to hear from you what is
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the new new ibm, since ibm has repeatedly reinvented itself lots of people have bet again and again it can't, but it's doing it right now tell me about it >> what makes ibm to me one of america's greatest technology companies, we are right in the middle of reinventing ourself. the technology is around cloud, cognitive, our word for a.i. it's about augmenting what we do, so we can do what we're supposed to our best and then that's the ibm that takes that technology and the know how about how the world works, and puts that together. and actually changes business. we are the champion for business and so what you see here as part of that, boy, half a billion a year in retraining you were saying look at the faces here jim, 50% of ibm is millennials that are here. these are contemporary working
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spaces if you're big and people say how can big companies be fast? you have to modernize how people do that work you're in the middle of a design thinking lab take everything about you love about the consumer ease of use and put that in use. we have 35 design labs around the world. you're in the middle of one of them they work with clients so the first city, apple watch, comes out of these places. so you change the design thinging, put them on agile, small teams, then you give them contemporary tools, co-location. we've done this to work spaces in 300 places around the world >> okay. so as someone who is interested in the stock as well as the company and the institution, and it is an institution like no other, you have to turn the battleship around to some degree, because the world's changing and that means that at given
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times, analysts might say wait a second, it's got flat revenues for a long time. it's got this legacy business. how do you deal with the legacy business and the strategic imperatives? strategic imperatives is business without having the other business drop off. >> a couple different things one is, like i said, what we need to do is reinvent for every era. when you do that, you do acquisitions, you change and introduce new products and services so i wouldn't call it legacy we are the one that hosts much of the world's processes, their data that's important. if i had to pick one word that ibm is reinventing around, it's data we should come back to this point. >> that's why you bought weather. it's more data >> actually, most people think we bought weather just for the data weather does impact -- it is the number one influencer of everything the weather company is on every phone you touch. every apple phone, soon on every
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samsung phone. we do serious internet of things with watson and the internet of things so elevators, coney, whirlpool >> to make it so a repairman knows what you have? >> a repairman knows what it is, so when he shows up he knows what to do this is why we say ibm, reinventing it with cloud and watson, it's together. watson will touch a billion people by the end of the year through these things so whether through your appliance or elevator that's there. just to frame back to your question about the reinvention, they're not two businesses these are the same clients, new products and services. so we help with one set of clients, the productivity we give them. and then reinvest into the new products and services, which is cloud, around mobility, artificial intelligence, security and as you know, while they're called strategic imperatives,
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they're in health, financial services and those have grown to be $34 billion, 42% of ibm, and it's the same clients so every client says look, you have to help transition me that's the other thing that makes us so different. we transition them from one era to another so it's ibm to the next era and how to transition our clients. >> on my twitter feed, i said please, questions for ginni. two people said instantly how can i use watson we had bill kop on recently who has transformed h&r block. they are using watson. >> that's right. many different things i'll come back to, but when you said h&r block. what did watson do that makes it different than what i consider consumer a.i.? consumer a.i. is typically
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speak-to-tech-to-search. that's great but this is training watson, watson is trained in industries. what is underwriting do? what does a tax preparer do? what does a customer service agent do it helps them be better. and in fact, makes them be the best so what you saw, i think h&r is a great one. it touched all these consumers and for h&r block, it was the best nps, net promoter score it was market share gain first time in years, all due to this it was watson reading the tax code and helping you with -- what would people like you do, and did you miss this or that? and a funny side story all the states and the federal, how many conflicting things there are. >> i do feel that when you're with president trump, 3% to 4% of the federal government is on
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the cloud. i felt like saying i hope ginni says it could help the irs but -- >> i mean, the cloud is a really important part of where we're going. but i have to tell you, the cloud is in its early stages and it's changing. so when i mentioned about ibm reinventing for data, i want you to think of this, any company out there, we're a champion for business 20% of the world's data is searchable but 80% of the world's data, whether it's decades of ju underwriting, pricing, risk in loans, that is all with our clients that is gold. so many clients ask for help, this is what we do
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and i say you go on the offense now. this is about what our role is to help you use that and you're going to need artificial intelligence but you're going the need one where watson is differentiated and we are trained in an industry, and more important than anything, jim, you hear this from clients. it's artificial intelligence that says you can't send all your data to someone else's cloud. you'll use some out there, and we do the job of don't make you move it. because not all data can be moved. the other thing we do, which differentiates us from everyone, built for business, is that i can guarantee you as a customer that your insights, your personal data is not training that data for someone else to use it that's not true with others. >> no, it's not. >> that to me is the game if you're an enterprise >> we're going to take a break we're talking with ginni rometty, the chairman, president and ceo of ibm thank you, ginni coming up, cramer has more with ibm ceo ginni rometty does she think the oracle of
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omaha made a mistake by selling a big chunk of his ibm stock >> is it a kind of check that maybe i'm not delivering what some of these big investors want >> "mad money" will be right back [ minions booing ] okay minions, we're going back to villainy. [ minions shouting ] ♪ so bad ♪ so good that i'm so bad... ♪ [ honking ] so, you're villains now? [ nervous laughter ] i mean, hello sweetie. despicable me 3. rated pg. no splashing! wait, so you got rid of verizon, just like that? uh huh. i switched to t-mobile, kept my phone everything on it oh, they even paid it off! wow! yeah, it's nice that every bad decision doesn't have to be permanent! now you can ditch verizon but keep your phone. we'll even pay it off when you switch to t-mobile.
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we had warren buffett sell down the stock it seemed like he said there's too much competition he felt the situation had changed since he came in is this both free to do more for you or is it a kind of a check that maybe i'm not delivering what some of these big investors want >> no. look, we have traded publicly 100 years out there. and the trick to being a company in tech, which is a viciously competitive environment. you've got to keep reinventing what ibm is for is for someone who values high value as a company. because we continue to divest some businesses, create new, move forward, jim, it is always about to moving where the profit and value is what that does for an investor, that always gives us the ammunition to reinvent ourself,
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those profits do, and continuously raise your dividend so you'll be there the next time and the next time and you have the fire popower to do that >> did you speak to him about that you had almost a 4% yield. you have a huge amount of cash i don't understand why he did so >> well, i let every investor speak for themselves and i'm very appreciative of all of our investors. >> now, let's talk about the dividend you generated a huge amount of cash, even though you're make thing transition can that be imperiled if the older business goes down or strategic is so successful that you make less money. >> they're not separate businesses in fact, a very interesting point how we share with investors, it's part of every business we have, so they're different products and services as you reinvent them
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so that's a key point that's here as we move to the new products and services, they are higher value. that's always been ibm's business model move to higher value, and it's the only way to exist 100 years. so others will get their chance to go through two, three, four, five reinventions. that's what makes us different >> let's talk about where you're way ahead. it's been a fabulous business. i look at block chain and i envision sometimes all of bitcoin could run on ibm's block chain. talk about the businesses you're so far ahead and why maybe wall street is not giving you enough credit, but the people at home will understand. >> yes let me start with block chain and i'll go backward to me, there will be other technologies that come greatness is having a technology but know how to do something with it. when i say block chain, i'm not talking about a virtual currency orbit coin
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it's a technology that allows you to exchange information, anything between two parties who may not know each other but i can do it with trust so any exchange of anything you can make trusted that's how i think of it then you say woe, i can do lots of things. such as walmart. doug mcmillen and i working on food safety, $100 billion a year on food safety recalls wasted. we've done mangos, we're spreading it in with many other food producers another is shipping. 20% of the world's cargo shipping so boy, if you've ever seen the chain of information, the paperwork with a cargo to ship flowers, a big container that goes on a cargo ship the paperwork costs more than the goods inside of it so perfect example, and we're working on that. dtcc, an industry you know if well, derivatives and financials, going up on a block
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chain. i do it myself it is endless, with over 400 -- think of these as applications so we build applications, can build them on anything then underneath it, analogies like the internet. what the internet did for communications, i think block chain will do for trusted transactions that's maybe an analogy that will work. and it can do tens of thousands of things a second, not like some of the other versions out there and we've for block chain to take off, the technology it's on, which we helped open source so everyone can use it, it has to have permission to access meaning a federal bank has to be able to see certain things, et cetera so it is trusted now, i circle back to your question, that's just an example, but back to the patents. that is not a one-time i'm very confident number 25
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will come along. and it was 8,000 patents in a year is what we just did and if you look at the last couple of years, it's been, let's see, 5,000 patents in cloud, i think, almost 4,000 in artificial intelligence. so we monetize and commercialize many of those, not all for those, we may license others we are the ones that woke up the a.i. world here again. block chain, i said we've outsourced that -- or open sourced in that case and then there are times, you know, as we move out of businesses, we had this wealth of patents, then we license to people, pc sell u condumi conductors. you just look at the list. and we're moving to the next thing, the ability to share with others, the n minus one behind
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it >> in the time we have remaining, let's talk about you. this is not an easy mission to change a lot of these younger people, that means there were older people that had to leave you've had a difficult transition stock's been tough suspect it just hard on you every day? >> no. i look at, and i've been part of this company for 36 years. and it's in my dna, and i think it's in ibm's dna to keep changing this is just what you do i'll tell you the part that does not make it hard there's not a day i don't talk to five, ten clients and it's what we do to keep the banks and the railroads and airlines running. if there's nothing as motivating as that, and we'll do our part to change health care. and we are making progress by the end of this year, with watson, 20,000 cancer patients we'll be able to address, diagnose, and treat 80% -- what
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causes 880% of the cancer in the world. >> i have two daughters and they say why don't you put more women executives on. i have to tell you, there are not enough women ceos. why is that? because you are a role model for 51% of the country how do we change this? >> yeah, i tell you, one of the most important things i think we have to do is i worked on this problem, and i agree, there are not enough you've got to keep women in the workforce, whether it's through having children, caring for elder parents, all the things -- and not that husbands and spouses and partners don't do those things too but it's often what takes them out. if someone wants to have a baby, we ship their breast milk to where the mother is working. >> this is not a stranger to
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you. you had not as easy a life as people think it's true. >> i say the other thing i learned, and it's about our whole talk today, i learned from my mom, do not let someone else redefine you when i was young, my father left my mom with four of us no money, no house, no food. and my mom really, without a college degree, went back to school, showed us this is not going to end like that and every one of you are going to have a chance she went back to school, got a job, got us through school, and my brothers are more successful than i am. this is that idea, do not let someone else redefine you or your company >> that's important. 4% yield, good growth, people would define you as a company that is not on the move or static >> couldn't be further from the truth. this ibm will change the world one more time. >> thank you to much, ginni rometty, the ibm chairman, president and ceo. great to talk with you >> thank you your insurance company
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so far in 2017, this market has had a phenomenal run but how much longer can it continue are the bonds, which we said at the top of the show are saying look out, you're entering the danger zone, telling the truth that stocks should be lower? it's an important question,
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which is why tonight we're going off the charts with the help of larry williams, the legendary technician who has been trading futures, commodities and stocks for over half a century. to shed some light, williams is a nearly mythical figure in this business many of his indicators are named after him, written nearly a dozen books even got his own website. so when williams tells us that this market is due for a pullback, i think i would give him attention. what makes him think that stocks could be poised to go lower? williams does not believe we're headed into a bear market. but there's a very important pattern that makes him think a meaningful decline could be looming. his reasoning has to do with the dissenial pattern theory, introduced by edgar smith, who popularized the idea that stocks were better long-term holdings than bonds yes.
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according to smith, the stock market follow astes market follow astes ten year pattern. the market tends to go lowerin years ending three, seven, and ten. and higher in five, eight, and nine years i know what you're thinking, that sounds about as reliable as a horoscope. but it's had a lot of success. otherwise larry williams couldn't take it seriously with that in mind, look at the daily chart of the dow jones industrial average based on both the patterns boun at the bottom, williams believes we're due for a short term pull back starting this friday or next monday. and while he thinks the pull back should be brief, it says it
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will be an arbinger for a larger down move to come. he expects the dow to start declining for real in late july, with the pain kicking off between the 20th and 25th of july so you don't want to get back from the beach, roughly a month from now and we could be keep falling through november and obviously it's -- if it comes true, it's going to be a lot of pain. but this is a big but, this decline will not start the mark of a bear market it doesn't mean a recession either eventually he expects we'll be oversold leading to a bounce the real cause here is the ten-year pattern look at how closely the dow has followed this forecast so far this year. here's the forecast. it's always been ahead, and always tells you what's about to happen when the forecast said we should rally, we rallied. now it indicates we're due for a
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sizable decline. and williams thinks we've got to take that real seriously so i am if williams is if you see it coming, you can take advantage of lower prices and buying, rather than panicking. of course, you don't have to believe in any of this, but let's say you don't take it seriously. let's take a look at the chart of the dow from last year, and see how closely the market followed this pattern? here's the forecast, okay? and here's the market. you can't dismiss it, right? i mean, it's just too powerful of a ten-year pattern. as williams points out, while this technique is excellent at timing, it doesn't break the magnitude of the moves but here's the bottom line, the charts suggests the market could get slammed late they are summer regardless, after an ugly day, be prepared for the possibility. that way if we get hit, you won't be surprised like everyone
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else and you can take advantage of any chaos, because it does not signal a bear market stay with cramer [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock.
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lightning round is sponsored by -
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time for the lightning round >> buy buy buy, sell sell sell, buy buy buy. [ buzzer ] >> and then the lightning round is over. are you ready? time for the lightning round steve in georgia steve! >> caller: boo-yah, cramer >> boo-yah, steve. >> caller: calling by carvana. >> man, that one just came public i don't know carvana let's go to jeremy in rhode island jeremy >> caller: hey, boo-yah, jim first-time caller here love the show. >> thank you >> caller: wanted to get your thoughts on ak steel and where it's heading >> it's a different spec, but i like new corps we're going to get some very good news out of the white house. so newcorps is a buy andrew in california, andrew
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>> caller: hey, jim, boo-yah, buddy! >> okay, partner, what's going on >> caller: i want to ask you, i paid attention to what you were saying yesterday, and i want to ask you about smart and final. right now trading at a 73 pe do you see that going to zero? >> they've been around for a long time. i used to go there when i lived out there. but it's the kind of stock that's going to keep going lower, because everyone decided that amazon is going to destroy everything i don't think it's going to happen mark in wisconsin. mark >> caller: jim, what's your thoughts on semg >> it literally, i'm not kidding, anything in this sector, oil, pipeline, people just want to sell, sell, sell. it's got a 7.4% yield, but i
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know they're going to go lower let's keep our powder dry. jim in washington. jim! >> caller: jim, hey, how are you doing? >> all right, how about you? >> caller: good. i just wondering, i suck a boat load into auph buy or sell or what do you think? >> that's a canadian pharmaceutical those are always the toughest to know about let's go to gerald in connecticut. >> caller: cramer, how are you doing? >> all right, you? >> caller: good, got, cura therapeutics >> i like the local company for you. their anti-itch medicine is superior to everyone it's a buy and that concludes the lightning round! >> the lightning round is sponsored by - 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?
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♪ the red hot tech stocks pulled back in recent weeks. consider the case of wicks.com, the cloud-based web design company that helps individuals and small businesses create their own websites it's rallied more than 58% year-to-date, but down over the past several weeks could this pullback be a buying
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opportunity? the company posted 51% growth revenue. more important, the company raised its four-year guidance, but the stock is below where it was trading for the quarter? to me that seems enticing. let's talk to the co-founder and ceo. welcome to "mad money. have a seat. now, this signup is $2 million a month, 6 million registered. this is a good time for the company. >> it is super fascinating we see huge growth wherever we are. we see it in the united states >> it's not tapped out i said they must have everybody. but you have a fraction. >> apparently, right we're still adding almost 2 million every month, and it seems to be growing. so yes, there's a huge amount of people that need to move their business into the internet 50% of the small businesses in the united states don't have a
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website. >> incredible. i think there's data that show it is you use say two identical places, one uses a wix website and the other doesn't, the most important thing is google. how come wix comes up so often >> search engine optimization. so what we found out is people that went on and completed that, 65% of them will be within a couple of months on the first page on google >> but you don't charge for that >> that's tree >> what do i get if i pay up what more do i need? >> basically all the business management tools all cost money. connecting your domain, having your own branding. but even that, it's tens of dollars, not thousands a month >> we go to wix, set up a site >> my belief is that you probably want to control your
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brand. you want to drive your customers, you want to create an environment where you can talk to your customers. to do that, wix is the perfect solution >> how about this new video initiative if someone owns a restaurant or an inn, it's a natural i always want to show people the rooms or how the dishes are made >> this has just happened and it's growing super fast. we're really excited about it. we see education things happening. we see people that are building, like recipes or training, right? >> this is important i watch -- i look at people who do makeup and i look at people who cook, and they give it away on google. they make nothing. but people would pay if they had their own site this is going to give it -- give them the ability >> exactly we have people that came from youtube moved to wix some of them make over $10,000 a week just by doing that.
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>> making $520,000 a year for what >> those figures putting them in a youtube and asking for a subscription for people to come and consume those videos >> why is facebook not doing what you're doing? why aren't they trying to put you out of business? >> i think it's a completely different philosophy google helps you find things, facebook helps you communicate with people. youtube is different than google, because it allows you to share your content, but their business model is find a video and then this is a way for you, i think, wix is a way to market it build a website, a lot of contempt and you go to youtube to use it. >> that is not include video yet, that just started the video initiative >> yes and it's growing really well >> tell me about marketing for
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millennials. "wonder woman. >> we did the super bowl the ad >> it was good >> it was kind of different, because it was two people fight, and somebody being really creative about how he recovered after a disaster in his business it worked really well. and wix is an amazing way for you to easily create a professional website >> go ahead, i lost my train of thought. >> now we're doing something with a model th >> she's a coder in >> she knows how to write code what is is she doing, is she teaching >> she actually codes herself, but beyond that, she has this incredible initiative, where she teaches women how to code and
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use computers. that's brilliant, right? for us, our values and her values are so well aligned >> how did she come to you tell me the evolution how she found wix. or is it that everybody finds wix? i found wix because i own these things it is true how do people know to go to wix? i ask young people, how do you make a website right? >> and they all go to wix, right? >> right who is the other guy >> so a lot of smaller platforms, mostly in the united states, i think the technology gap between us and them is so huge >> this is also worldwide. you have to tell people you're in a lot of countries. >> we're in 190 countries. >> wow i've got to tell you, and it does not include any of that just explain to people the up-sell model so they understand you get -- how you make money,
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because people heard free, free, free >> it's true you can come to wix and build a website for free when you start to move more pictures, you want to have a way to book services this is where we charge. >> what do you charge? >> for the unlimited, $15, $20 >> and you can make enough money like that? >> a lot of people are doing it. >> i like that you're doing so well since i saw you last the stock has been a rocket ship, as it should be. that's the co-founder and ceo of wix.com. it's what people use stick with cramer.
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>> 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." ♪ i'm juliet boydstun. (australian accent) i'm lucinda gould. and we're from los angeles, california. (both) and we own the coop. ♪ the coop is los angeles' coolest indoor/outdoor play and party space. i love those colors. (lucinda) juliet and i have been friends for a really long time,

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