tv Mad Money CNBC December 12, 2017 6:00pm-7:00pm EST
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like dom chu >> what's not to like? he's the hardest working guy i'm melissa lee. see you back at 5:00 for the continuation of crypto week. meantime "mad money" with jim cramer starts right now. "mad money" with james cramer starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market swhir and i promise to help you find it hey, i'm cramer. welcome to "mad money. other people want to make friends, i'm just trying to make you money. my job is to not just entertain, but educate and teach you. so call me or tweet me @jimcramer. listen to me, there is no such thing as the stock market.
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not the way most people talk about it instead, you've got a market of stocks that's an important distinction, particularly in carmerica. stocks are like snowflakes, no two are the same sure everybody loves index funds as a low-cost way to get ebbs posure to the whole asset class. i'm one of them. i please guilty. including today where the dow and s&p both notched new all-time highs former fall of 119 points. s&p gained 1.5%. nasdaq dipped 0.19% as the rotation continues but i think the totality is a lot less illuminating than looking at individual companies and what actually drives them. for example, just last week, we did a two-part interview from the new york stock exchange with boeing's ceo dennis muilenberg
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where he told us that his company is having an extraordinary year maybe told us in seven or eight different ways it's spewing cash and he made it pretty clear that this is the healthiest boeing's ever been. so he wants to reward you, the shareholder. sure enough today, boeing boosted its dividend by 20%. they've been doing that for four years and they announced a gigantic $18 billion buy back. the stock surged on the news and i've got to tell you, if you watched the interview, it was totally gettable muilenberg isn't some static ceo, he comes on air, says things are fabulous and then he rewards you. isn't that great thank walt disney, this stock has done next to nothing, but lately it has been rallying. why? because disney is trying to buy fox's best assets. my partner says it's going to be done thursday and one of those assets is this regional sports
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network. they've got the film studio. they get av tar, my wife's favorite movie and they get the rest of the marvel characters. why do we care because it changes the narrative. that's why we care before we heard about this deal, all the analysts seemed to care about was the endless story about the cord cutting and the loss of espn subscribers. now, it doesn't matter that disney's theme parks are on fire especially the one in china. whole division being boosted by all of that terrific technology you can buy at the parks it doesn't matter that disney has one hit after another after another at the box office. or that they're about to make a fortune from new "star wars" movie which i will go to opening night, i don't know about you, or the whole marvel franchise. it's such a winner, including some of that stuff on netflix.
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it doesn't matter that the ceo has done a great job with one of the greatest strengths how he has done transformative deal after transformative deal and they've all been fantastic it doesn't matter that disney got bam tech on the cheap. it's a great platform for watch regional sports. all that's mattered to the stock is the darn espn falloff which may not be that bad when you count the people watching on their phones or computers. i watched myself lose on fantasy last night i did. beaten by kareem anyway, however, if ceo iger buys these fox assets, even if he has to pay close to $30 billion to get them, it's a fabulous move because overnight the story changes. who wouldn't want shares in the ultimate entertainment powerhouse with a hammer lock on all regional sports that can be watched anywhere
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who wouldn't want to own all of marvel or "avatar" that gets you back to the theme parks even though you've been there five times. i've been there ten times. has anyone been there more than me no espn' sublosses don't become an asterisk, they'll still be there with the fox accusation but they don't dominate the conference calls anymore. i say amen and i have stuck with it all the way. i know disney's been buying back shares like mad. it hasn't done much. spending on new content that can be so additive to earnings and so easily swallowed, holy cow, what a windfall, after the deal on thursday, people will be buying this stock hand over fist and if they're not, they're wrong. how about a feel good story now? i just gave you a couple of others the drug stocks have been down in the dumps because this is exactly the slow bud steady group that investors swap out of during an economic expansion
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there is one drug name, though, that's hitting high after high after high, and it's not j & j it's actually not at all like j & j, the stock -- valian that joe papa took over more than a year ago. this $21 stock was at 8 smackers back in april. why we are gauze they were worried about the hideous balance sheet and its viability. i have been highly critical of valiant, but if you recall joe came on this show right about here, you know, and said -- kind of like here and he told us before he did anything big he was going to fix that darn balance sheet and refinance all the near term debt that everyone was so worried and scared about that all people cared about. now i'm sure many of you rolled your eyes. how do you do that
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there. roll their eyes about the notion that papa could clean up this love canal of debt but that's exactly what happened it was like the -- which has like these weird bubbles papa saved this company and now he's taking it to levels that seemed impossible six months ago. the stock alone jumped 6.4% just today. not only is every company unique but many companies are constantly changing. today one of my heros, in between, a lot of people they thuin because they're dumb, he's the ceo of 3m. he made it clear the estimates are too low so the advertisements will have to raise numbers tomorrow when they get home he's improving 3m's margins, all sorts of devices for electric cars okay, sure, the stock's up 33% for year that's a big cap stock, but i think it deserved to be even higher the modest pullback will a be a
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gift for those with the long-term perspective. then there is caterpillar. a lot of people wrote off cat a long time ago. they said it was hostage to china. it made a horrible acquisition in the coal mining industry. but the ceo and his predecessor can we give him a little credit, please they took radical action fixing what was really an unruly deal or network. the result, now that the global economy's rebounding, cat stock is up nearly 55% for the year. and i bet it's got a lot more room to run as you will hear later in the show. i'm sure he made his share of mistake, who hasn't? i have when things got tough and conventional wisdom said the company was in trouble, management put it back on solid footing. cat's doubled from when things were most dire last year and the analysts fled en masse they were wrong. what else. we know the food cohort is facing major difficulties.
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these stocks are despise trading near lows because the companies keep missing number after missing number after missing number and then there is pepsico. you think that's random? you think it's some sort of oddity no way i think its ceo ingenuity. she never sits still the same goes for the ceo atomiat mickey d's do you think it's random that happened let's have a couple of burgers, fries and a diet coke. no, it's the ceo that's really my point people who look at this market and taxes or the russia investigation or north korea or a host of big picture problems, the fed, throw in whatever you want, simply don't realize we have some phenomenal value creators all over the place who don't get up in the morning and scared to look in the mirror or their shadow
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we were told the athleisure segment was on its last legs lululemon would confirm the negativity when it reports i get the ceo -- get rid of that "t," didn't get the "money newsroo newsroom" -- memo. i say it's one part ingenuity, one part mindfulness and being in the present the yoga talk may sound silly to you, but i don't care. the people who take it seriously are laughing all the way to bank stay in the present, will yeah that's -- sectors that are being shelled still contain winerings. but when you only look at stocks in a basket, all of these incredible value creators are offset by the many donor heads you know who i mean, the phonies. that's what you get when you buy
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the averages the bottom line, management matters. when you've got a fabulous ceo working for you every day of the week and the weekend for that matter, it makes a difference. often a big difference and that's why you need to judge companies on their merits rather than taking your cue from the blob that is the market. and doesn't distinguish for one second all the amazing work these ceos do for you, the shareholder. let me get my breath wow. just a sec i'm getting mindful. all right. i feel better already. sal in new york. sal? >> hey, jim. booyah. >> booyah. >> sorry to hear about carson's injury >> well, you know, i was very sad. i was watching with my wife and said it's acl, he's in the tent, it's cl and i was right. i wish him the best of luck. and i was upset when they -- never mind, what's going on?
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>> hopefully they'll make to the super bowl for you i'm talking about biotell. i have about 30 shares at $70. with the recent apple deal to provide cardiac monitoring and their -- should i hold it? >> i think you're okay you know, i actually had high hopes for this company why? because it's from about two minutes from where i live when i grew up in philadelphia, but i do think that it's real. i think the algorithm monitoring is right i've got to go to ron in pennsylvania right now ron? >> hello, jim. >> booyah. >> i wanted to tell you i'm a longtime fan and a third time caller and i have a two-part question for you. i liked your article this morning about electric cars and how they'll increase demand for power. first part is, won't this also create more demand for fossil fuels since that's still the
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primary source for power and the second part is, my biggest holding is enterprise products, which i've owned a lot time and made lots on dividend reinvests. their conference calls also seem good to be if fossil fuel demand is going up, shouldn't that help enterprise >> yes, unfortunately, it's stuck in a basket with energy transfer partners. which is one of the worst companies in the world but it controls the basket. epd is the real deal they're great. i want you to stay in it it's terrific. and this group, despite etp, is finally starting to move all right. there are no givens in any industry, but when you look at stocks, there is one sure thing, the person at the helm controls and you have some fabulous people working every day for you. "mad money" tonight, recently reported a quarter that was a thing of beauty but the stock hardly reacted could the industry wide tech
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selloff create a buying opportunity or is there more pain ahead then the word industrial may make you one not me, but i can tell you why the group can be the most exciting group going into 2018. could a new year bring hacks in cryptocurrencies i'm going to sit down with a private security player to see if it could be cause for concern. i suggest you stick with a very mindful cramer
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now become an important cloud infrastructure play. on just the last night of november, vm ware reported an amazing quart. yet the stock is trading where it was before the quarter. why? because these guys had the misfortune of reporting before the big tech selloff people summed wanted out of all things cloud, even though it was giving stellar numbers the selloff is over, but the market is getting a little more rational could this be the time to buy? let's take a closer look with the chief operating officer of vmware. >> let me first say happy holidays to you and your viewers. >> and same. thank you so much. and people are aware that without your company you really can't figure out how to get from here to the data center and there are other people who actually believe that the data center is slowing. so could you set us straight,
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please >> i'd be happy to i will get to mobile devices in a second. >> okay. >> let me give you the way in which you can very simply understand, it's like baking a cake when you bake a cake, you've got flour, eggs, shulger, maybe some icing. a data center is made up of four core elements, compute, storage, networking and a layer of management we've pioneered that, we call that the software defying data center when you take that into the cloud it's not as easy because you have built applicationed on top of that and rewriting those applications are not very easy in some cases if it's a new app, you can do that. we help those applications very nicely and seamlessly move over which is why we built this partnership with amazon. >> a lot of people felt when you go through the research, almost every to a "t" felt that amazon was out to destroy you they were the death star like they have to retail. then you hugged it out how is that possible >> so this was kind of like i
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described the berlin wall moment, you had gorbachev and reagan coming together and everybody goes, oh, my gosh, it's good for world peace. it's the same way with customers. we do what is right for customers. it shouldn't be a choice between the private cloud and the public cloud, we want the best of both worlds being able to seamlessly take a bridge right into aws. like we talked in our lastshow expand or contract the data center elastically this is what we brilliantly innovated with them. >> so expand elastically to my devices no matter what device? >> that's another interesting part of our business i've got my android phone, ipad pro, your phone there, and a wonderful dell windows and laptop this is the world we live in why? because people want to work at the speed of light you might be on a tablet, when you get for work you have a
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laptop today, the world is apple, google and microsoft 10 devices. we're the only company that can manage and secure and deploy apps coming from the data center or the cloud securely on these devices. business has gone very well for us >> an amazing quarter. okay so now i'm a retailer, all right? i know that i've got to compete against amazon but i need amazon's web services because it's considered to be one of the best i call you and say, okay, i've got to be on the cloud, all right, and what do you do for them >> we've always said to a customer, you pick the public cloud you want we're not going to come and tell you which is the right one you make that choice once you've made that choice, we can help you optimize your data center without partners like dell and emc, we allow you to make that software driven data center even more efficient as you think about the cloud, we can help you build that bridge there. and then invariably every one of
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the retailers are modernizing the store because these phones become a lot easier than the devices that the way in which people worked in the past. they're fitting with with ipads or android devices this is the future of how we think we can make the entire world have any app on any device. >> okay because of your connection, we explained the ownership with emc and dell, i might say, look, i'm hp. how can they help me >> amazing question. in fact, we announced a partnership with hp. two of the three biggest manufacturers, dell and hp are betting on us to manage their devices and services because we're the best company the fact of the matter is, whether it's hp, dell, apple, samsung, we exist, wmware because we're a switzerland type company. we're not in a particular public crowd and we can serve the best interests of anyone depend on their cloud, hardware or
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devices. >> wait a sec. let's say i've got all my information here and someone hacks me i mean, what am i secure >> so in the old days, okay, and you have christian coming on later on from mcafee all good talent starts at vmware so we know a thing or two about all of these things. it typically is a security or virtualization type o'problem. in the old days you used things like anti-virus. in the world of mobile, it's called unified point management. where wmwaer is the leader that applies now as a very simple way to be able to manage and security these in the cloud. we do this better than anybody else. >> i've got to tell you, we are in a moment where tech is going down i've said vmware is the way if you want to play this whole trend, it's got to be you. >> it's like the eagles. >> thank you so much coo of vmware. that's your opportunity.
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. my tape, all different stocks that are going down in tech and stuff the one area that keeps climbing, the industrials. i've got to ask myself, how much longer can this go on? as we get closer and closer to the end of a truly amazing year with the dow jones industrial average an all-time high, and again, i think it's worth asking, which red hot groups will have the staying power once 2018 rolls around? as far as hot sectors go, nothing has been as hot as the industrials. powered by tremendous economic growth both here and overseas. just when you thought this group might be running out of steam. we're hearing about the president's trillion-dollar infrastructure package and many of these industrials got another move up, a second wind frankly, i have a hard time believing that this congress will spend serious money on
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infrastructure, especially after all the deficit ratting we've seen with the tax bill then again, i was skeptical about tax reform and it looks like that's going to happen. regardless of washington, the industrials have been one of main pillars of this bull market, particularly those involved in aerospace, materials and construction and these rallies have been magnificent. very few stocks, by the way, in this group you almost neff get a meaningful pullback in industrials. how long can it last is it getting a little long in the tooth or are we still nearly -- it could be a mega multiyear move we've got to get a better read on the industrials which is why we're going off the charts with someone who has been right about a lot of stuff he's the founder of explosiveoptions.net and he is the star of the -- one of the stars of the three-man all-star team behind the street.com trifecta. we're going to start, whoa, what
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a smoke show i mean, to me that's hot you're allowed to do that. you're allowed to still say -- this is the last bastion of being able to say that something is hot right? i mean, you're not allowed to say it about anything, but you can still say it about a chart and this is hot. i mentioned this one at the top of the show. this is the best breed maker of gigantic earth moving machinery. you can't intimidate or harass it a stock that is up 55% since the beginning of the year, caterpillar. as far as -- this chart is the thing, okay, which is like beauty in the s.a.t. caterpillar is within spitting distance of its all-time highs, but lots of stocks have been making records lately. what else does cat give you? the fact that the stock has been rallying hard on superb volume trends like a polygraph, it can tell
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you when a move is hospital or misleading you cat's roaring on higher volume that's what he's suggesting there. even better, earlier this month, caterpillar's moving average convergence divergians, an indicator that helps tech tigss detect changes in the stocks's trajectory before they happen, it made a bullish crossover. you see that the black into the red that's a pretty reliable signal. on top of that, lang notes that cat has found consistently a floor of support on its 20-day moving average which is at 139 right now. down 4 from when the stocks were currently trading. lang says caterpillar is his favorite name in the group this combination of positives makes him think the stock could take a run at 155 or 160 early in the new year. which would put it here or here.
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we call it the straighter. that's kind of tv talk all right. how about one that is a little less obvious let's take a gander at the daily chart of emerson electric, okay? all right. not as pretty, all right you can make those comparisons, too, when it comes to charts that's also legal. this is an industrial total smoke stack company, but we don't have, you know, it's very much about automation. what the story behind this one, though, is this v-shaped bottom. where emerson plummeted over the course of a few weeks and bounced right back remember, these were the guys who were trying to acquire it seemed like at any price, rockwell automation. rockwell kept saying no. emerson would up its bid no, no, no, no, no finally they gave up on the deal instead, they embraced a big oye back and since then the stock has been roaring the v-shaped pattern tends to be
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quite bullish. he could see this stock go to 66 and take a run to 75 in the not too distant future emerson -- he thinks this stock is not done, he thinks it's got more room to run the volume trends are very solid. take a look at the volume? it's up a lot. the mack d, see this, moving hours convergence made a bullish crossover. which measures the level of buying or selling pressure in the stock. he's from philadelphia he's a huge eagle fan, clay aike aiken -- chaken, i checked in with him now that the company's contentious attempt to buy rockwell automation is done. at the moment, the company is trading at 66. lang says he would love to buy on the pullback at 63. emerson has the support of the 50-day moving average. see right there? who knows if you'll get that kind of decline.
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these stocks aren't coming in. you had that great opportunity but who knew they were going to walk away. that's why it was so hard. the next chart, i wish he liked this one more than cat because it's the daily chart of honeywell. and a terrific breakup story here is the stock that had a very strong move in november on high volume. look at this volume, will you? in the past couple of weeks, it seems to have run out of gas that's what people are saying. they're saying the tank is getting empty like it's a 31-year-old running back or something. is this a pause that refreshes or moves lang thinks honeywell may be a bit overheated here. one is the stock pulled back, it did so on lower volume that's a really cool thing the big institutions really aren't selling at all. two, the stock has been holding above the floor support. this time we're looking at it as the ten-day moving average put it all together and as far as lang is concerned, honeywell just needs to recharge it's recharging here, okay
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he could potentially see this $15 stock running up to $170 near the beginning of the near you. remember, honeywell is splitting and you're going to get aerospace and the rest of the stuff and drive the stock to 170. chapel trusts, i told the club this may be the one. but it's got to pull back first. speaking of industrials with aerospace exposure, let's not forget utx remember greg hayes, almost got bought by honeywell. look at this chart remember, we came out here and said stop it already with the decline. 109. yeah, right here we were really right and then we reiterated okay, anyway, last month the mack d had a bullish crossover, since then utx has roared higher lang thinks this is a very powerful trend he sees the $123 dollar stock possibly going to the $130s before too long. he recommends wait for a pullback to $120 where utx has a
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nice floor of support. i don't know if you're going to get the decline. these stocks are so hot. they be bought right into the end of the year. let me give you the bottom line on these, it's a goot good time to be an industrial company. bob lang says the industrial stocks are going to continue to have a good time right into year end. he let's caterpillar, emerson electric, honeywell, united technologies i've got to say i agree with him. all we can hope is that these stocks come in and give us better prices. because the businesses are red hot. we're going to michael in new york michael? >> hey, jim. thanks for taking my call. >> of course >> my stock is johnson control i have a pretty sizeable position i'm down about 5%. and i've done my homework. they're buying back shares, increasing dividends and i feel like it's very well-poised for the mend so recently it's been
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downgraded what do you think, jim >> when goldman took this thing to a sell, i said, wow, they really decided this thing has no momentum versus some of the others and i do prefer the others i really think you should be thinking about honeywell or caterpillar. you've got the position. i'm not going to tell you to sell it. i will say that johnson controls does not have a yield that can support a 2.7, and while it's cheap at 13 times earnings, it's not cheap enough, given the lack of earnings momentum so it's not one of my favorites. i'm going to bill in minnesota bill >> jim, booyah from the great state of minnesota. >> yeah, it is pretty great. what's going on? >> first time caller thank you for all you do for the individual investor. >> no problem. >> my stock is vr horton incorporated vhi. i took a position back in march. as of close today, it's up 51% my question is, should i sell or stay long? >> okay, i read a piece today that said it's time -- and i looked and said, what's the
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matter with the stock? there is nothing the matter with it, but bulls make money, bears make money, hogs i think you've got to take some off the table this is a home builder it shouldn't be up this much classically into a rate cycle. in other words, this is one i think you're going to sell on thursday all right. it is a great time to be in the industrials. i like caterpillar, emerson, honeywell and united technologies, but i do need better entry points as per bob lang "mad money" tonight, the past year has seen some of the largest data breaches in recent history. how could 2018 stack up? i'm going to sit down with the ceo of a kp you've all heard of, mcafee, to find out what he's looking at for the new year. what does the action in this market have to do with the time i lived in my car? more than you might think. i'm going to explain next. stick with cramer.
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and unfortunately few themes seem to have more staying power than cyber security. one side effect of the massive growth in the cloud and the data center space is that there is tons of information out there just waiting to be hacked. and as we know from the equifax drama, if companies don't stay on top of this stuff, cyber thieves can get their hands on all sort of data this cyber security trend is so powerful tonight i want to talk to a privately held company not in order to get some more insight into the industry. i'm talking about mcafee one of the most recognizable names in cyber security, which was acquired by intel in 2011. then last year, intel sold a majority stake to tpg, which brings us to the mcafee of today. let's dig deeper with chris young, the ceo of mcafee get a better sense of cyber threats and where this treeis headed welcome to "mad money. have a seat. i've come to believe from the headlines that nobody's safe and that nothing can be stopped. but you guys have stopped a lot of threats so where the heck are we here?
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>> it's -- the problem's getting worse. two words, volume is going up and complexity, speed, it's increasing these guys are moving faster than ever. >> okay. so the bad guys, they're smart, and sometimes they're well-funded and they seem to be able to know exactly where the breach is. the equifax, they knew where the weakness was how are they probing all the time how do they know >> they're constantly probing and testing. you look at some of the billing attacks we've seen this year, they're using those as a way to test where to go next. >> if they see -- sometimes i think, okay, you have houses on a block, okay? >> right. >> and one of them says adp and the other says nothing i'm going to hit the one that says nothing if they see mcafee, don't they go on to the next one? >> a lot of times they do that the thing is run faster than the next guy being chased by a bear. >> 82 million corporate end
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points 103,000 corporate customers. i mean, how do you cover all of those guys >> it's about going deep and it's about going broad we cover all of those guy as cross their end points, across the cloud and really trying to make them stronger and smarter in terms of how they bring all their security technology together. >> we had vmware on earlier. if you see vmware, you guys are mortal enemies that's not how to works in this business. >> not at all. you need infrastructure guys, those of us who focus on cyber. >> now, when i see -- i'm going to mention something because everyone's talking about it, bitcoin. you're not protected, it's not your job to protect bitcoin, but why can't that be hacked repeatedly and people steal billions in bitcoin? >> at the foundation of boin is the blockchain, i think blockchain offers a lot of interesting things we can do with security, in particular, it's all crypto based.
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>> if i'm i bad guy, i want blockchain because no one know who's i am and i hack and make a secure transaction and you don't know who i am and i get away with billions. >> if you compromise identity, you can get away with a lot of things the blockchain can't stop that, but it can make a solid ledger of the transactions that happen. >> on my pc on a given day, there is going to be junk that i get. somebody sent me something today, typically, your uncle left you a million dollars how does that get to me? why isn't that stop? >> you want the legitimate things to get to, right? the most secure house is the one you can't get into and out of. you've got to be able to use it. you're going to get some things that don't matter. >> all right do you ever try to hack yourself >> all the time. >> do you have a bad guy group in mcafee who are literally trying to go after each other? >> all the time. we have guys who are constantly trying to penetrate our own organization and trying to expose our own vulnerabilities it happens every day.
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>> i know this is a sensitive question, but have you seen hacks where if you had been there and hired you are quite confident they would not have occurred >> we come in at the end of a lot of data breaches it happens all the time. it's part of our job there are good stories where we stop attacks from happening and help organizations. >> we keep hearing that they for the -- they get in, they find things that you don't want known, and they give you a 800-number where you give them bitcoin. is that -- how did we get to this point >> ransomware is one of the fastest growing attacks we're seeing out there. >> how do we stop it does anyone go to jail for this? >> i think some people do but not enough law enforcement is a big problem here. >> why isn't law enforcement hiring you to stop this stuff? >> part of the problem is we think about law enforcement in physical ways. these guys attacking us -- you could have some high school kid
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in another country levying an attack on someone here in the u.s. >> it could be north korea. >> could be anybody. >> we've got to stop it. i guess we hire you and hopefully they go on to somebody else. >> we're part of it. one of the things that i talk about all the time when i talk to other ceos is you've got to have a culture of security it's got to matter ten years ago, a ceo might say about cyber security, yeah, i've got some guy in i.t. who is working on this. now people care and that's going to make a big difference. >> it is that's chris young, ceo of mcafee not publicly traded, although i wish it would be "mad money" is back after the break. zar: one of our investors was in his late 50s
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right in the heart of the financial crisis, and saw his portfolio drop by double digits. it really scared him out of the markets. his advisor ran the numbers and showed that he wouldn't be able to retire until he was 68. the client realized, "i need to get back into the markets- i need to get back on track with my plan." the financial advisor was able to work with this client. he's now on track to retire when he's 65. having someone coach you through it is really the value of a financial advisor.
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i think he's back. i think it's back. i think he took his eye off the game and now he's back and it's going to take a little while, but i think he can do it let's go to wesley in west virginia wesley >> hello to you, mr. cramer, from west virginia. >> love it. >> i'm calling about enb >> i think that enbridge, this whole group is about to move up with the price of west texas being well under let's go to bob in iowa. bob? >> hello, jim cramer, bob from iowa calling on kc general stores >> a bad quarter no two ways about it my grandmother always said if you have nothing good to say, don't say it let's go to giuseppi in louisiana. >> booyah, jim long time viewer, first-time caller i want to ask you about puma biotech. >> puma is incredible and
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speculative. the speculative stuff is going down that's when you have to buy it rather than chase it let's go to jason in california. jason? >> booyah, jim in san francisco how are you? >> i'm doing okay. how about you? >> good. thanks for the help over the years. a question i bought in at the ipo at 20, it's down four -- >> no, don't buy more lending club i wish -- they should take that lending club and wrap it up in a blue apron and throw it away wow, did he really say that? i think he said it let's go to mike in michigan mike >> cramer! >> yeah? >> how about the lake snow booyahs from michigan. >> all right as long aston bitcoin free, i'm there. >> tractor supply company, what do i do with it? >> it's down and out a lot of stocks or down and out. i'm okay with it
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that, ladies and gentlemen, is the conclusion of the lightning round. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade directv has been rated number one in customer satisfaction over cable for 17 years running. but some people still like cable. just like some people like wet grocery bags. getting a bad haircut. overcrowded trains. turnstiles that don't turn. and spilling coffee on themselves. but for everyone else, there's directv. for #1 rated customer satisfaction over cable, switch to directv. and for a limited time get a $100 reward card.
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unfortunate moment i just wasn't making enough money. i had to beg for my parents. i told them it was really hard to live on 145 bucks a week. i needed their help. i was struggling to pay my bills, my rent and insurance and gasoline at 74 cents a gallon. i couldn't cover everything. i was resorting to eating chicken livers, the ones in the little plastic cases or whatever i could catch in the gulf. there was a great pier with the fish were. i needed their help. i did well as school i thought i deserved their help. we had a discussion at jerry's that i thought was the best place in town because i was too poor to know any better. we drove south and a greyhound bus was going north. greyhound put the destination at the side of the bus. my mother pointed at the bus and said, look where it's going,
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america. when you come back and america and get a real job with real money, this won't be a problem i was furious. not long after that, mind you, pre-atm machine, i whipped out my amco card, it was denied. my father had cut me off without telling me i hat to get my late friend roberto drive up and give me enough money to pay. that's how it was. i simply didn't have enough money to go around i tell that story because this market has the same problem. on any given day, there is not enough money for everything to go around. things go up sporadically. often it looks like for no reason take the stock of verizon. on november 15th, verizon was at 44, today it's at 53 you know what happened to verizon duringer during that period i'll tell you? not a thing. same thing for con ed. for up no reason other than people perceive a lot of demand for electric cars? what about the stock of clorox, it just won't quit
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there is nothing fundamental behind these moves, at least at the moment, no earnings, no upgrades, no news, nada, it's a rotation, plain and simple it's happening at the same time that people are selling lots of their before the performance because they know they have a chance to sell because next year they're going to have to sell their first slot first in, first out, which likely has a very low cost bases. can you imagine having to sell you $20 the individunvidia because now you can pick that 120 lot. we get selling in the big winners and there is random buying of some stocks that don't have a lot of gains but give you some dividends macy's, which has been red-hot, although it cooled today people keep buying nike, not a lot of gains there i think this market is like the pathetic me in tallahassee, send me more money, mom, or i'm going to have to cut back on
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something. that's what's going on and the parents are complianting i could foment some explanation for every one of these moves sure, there are substantive reasons why so many are rallying and others are not, but thaefd, the market is short of money plain and simple until we get new cash in from the sidelines, there will be limitations on what can rally any given day. your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember.
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researchers of technologies that one day, you will. some call them the best of the best. some call them veterans. we call them our team. remember, there are a lot of tax motivated sellingings here, people are picking out high lots because they know starting next year it's first in, first out and if they try to sell they're going to get lots of tax facebook at 20 versus facebook at 120 keep thinking like that and you'll understand why there is such a selloff in tech not a lot of profits in verizon. so that one keeps going higher not to pick on verizon i like to say there is always a bull market somewhere. right here on "mad money." i'm jim cramer and i'll see you tomorrow
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